New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Melbourne off the plan apartments

Eaglemont, once known as Mount Eagle, continues to uphold its reputation as one of Melbourne's most exclusive neighbourhoods. The <a href="/developments/eaglemont-vic-3084">tight-knit community</a> is deeply attached to their cherished locale, and opportunities to purchase homes here are incredibly rare.

That's why Melbourne developer Carpe Group chose the suburb to develop in, understanding the high barrier of entry was pricing the majority out of the suburb.

They're approaching completion of <a href="/buildings/eaglemont-residences">Eaglemont Residences</a>, a limited collection of just 13 apartments on Mount Street. Only two apartments remain in the Warren and Mahoney-designed development which has a strong focus on landscaping.

Carpe Group Director Tim Campbell said every detail in <a href="/buildings/eaglemont-residences">Eaglemont Residences</a> has been considered to elevate the living experience.

[smartcode_project:default project_id=109113 project_image_fid=191202]

"There is a sense of harmony and nature in everything you touch and feel," he said.&nbsp;

The homes have been designed to offer both privacy and ease of living, providing residents with the pleasures of this coveted neighbourhood without the burdens of maintaining a traditional home.

"A meandering path from Mount Street leads you to a discreet entrance, creating a sense of journey as you approach," Warren &amp; Mahoney's Nick Dean said.&nbsp;

[smartcode_project:default project_id=109113 project_image_fid=191211]

One of the remaining residences boasts 218 sqm of internal living space. Positioned to showcase lush and verdant views of Albert Jones Reserve, the home offers a genuine garden experience with a spacious terrace and courtyard spanning over 172 sqm.&nbsp;

The other apartment features three bedrooms plus a study room across 165 sqm.&nbsp;Located on the second level, the north-facing apartment comprises a well-considered layout and thoughtful design ensuring maximum daylight and seamless integration with the gardens below.

Read more:&nbsp;<a href="/news/vic/how-a-property-market-shift-triggered-the-founding-of-carpe-group">How a property market shift triggered the founding of Carpe Group</a>

[smartcode_project_cta:default project_id=109113]

Carpe Group Director Tim Campbell said every detail in Eaglemont has been considered to elevate the living experience

alisonwarters@gmail.com

Two apartments remain at Carpe's Eaglemont Residences

Construction is forging ahead at Martin Brighton, the latest off the plan apartment development in Brighton's sought-after 3186 postcode.

The project of just 11 apartments from luxury development specialists EBG Development is on track to be completed in early 2024.

EBG are making themselves accountable for the timeline of the build. They've got on offer where, during construction, buyers' deposits will earn interest at seven per cent per annum, which is passed on to the buyer.

[smartcode_project:default project_id=5495 project_image_fid=207664]

Designed with elegance and sophistication in mind, Martin Bright offers a range of two and three-bedroom floor plans to suit various lifestyles and preferences.

Over 40 percent of the apartments at Martin Brighton have sold, leaving only a select few apartments on the market. Prices start at $1,395,000 for the generously-sized apartments which start from 104 sqm and range in size to 141 sqm.

The architectural design of <a href="/buildings/martin-brighton-133-martin-street-brighton">Martin Brighton</a> is a testament to the expertise of the Buchan Group Architects, while the interiors have been curated by the renowned Miriam Fanning's MIM Design. The result is a seamless blend of contemporary aesthetics and timeless appeal.

The interiors not only showcase a defined aesthetic but also provide buyers with the freedom to infuse their personal style and preferences into their living spaces. The harmonious integration of indoor and outdoor areas allows residents to enjoy views of the city and water from their verdant planted balconies.

[smartcode_project:default project_id=5495 project_image_fid=207669]

In an effort to make ownership more accessible, EBG has introduced an enticing incentive for potential buyers. The deposit requirement for Martin <a href="/developments/brighton-vic-3186">Brighton</a> has been significantly reduced to just five percent, which is half of the standard 10 percent deposit typically seen in other projects.

Downsizers have shown a keen interest in <a href="/buildings/martin-brighton-133-martin-street-brighton">Martin Brighton</a>, appreciating the development's <a href="/developments/brighton-vic-3186">location and the lifestyle</a> it offers.

Situated on Martin Street, the project provides residents with the <a href="/developments/brighton-vic-3186">coveted Brighton lifestyle</a> without the hustle and bustle typically associated with the area. The Martin Street Village, an intimate and vibrant precinct, is a short stroll away and is home to a variety of fashion boutiques, cafes, and restaurants.

Nature enthusiasts will also delight in the proximity to the Bay Trail and Elwood Beach, both just over a kilometre away, allowing for leisurely walks or beachside relaxation.

[smartcode_project_cta:default project_id=5495]

The project of just 11 apartments from luxury development specialists EBG Development is on track to be completed in early 2024.

Buyer Handbook: A buyer's guide to Martin Brighton apartments

Ashburton is soon to witness the rise of a rare and exclusive residential development that promises to elevate the area's real estate landscape.

Expert construction firm Hamilton Marino are well underway in construction of Chapter Ashburton, the boutique High Street project by&nbsp;KM Develop, the development arm of the investment and advisory firm KordaMentha.

The boutique project at 363-367 High Street comprises just 24 one, two and three-bedroom apartments, designed with the owner-occupier in mind, in a collaborative effort between Ewert Leaf and landscape architecture firm John Patrick.&nbsp;

[smartcode_project:default project_id=105071 project_image_fid=205545]

Steven Wong, KM Develop Managing Director, expressed his enthusiasm for the project, highlighting its significance for the area.

"Apartment projects of this quality do not exist in <a href="/developments/ashburton-vic-3147">Ashburton</a>," Wong says.

"The options for people to downsize within this area are very limited. People love living in Ashburton because of it's <a href="/developments/ashburton-vic-3147">great vibe and strong sense of community</a>. We saw an opportunity to fill a gap and to provide high quality apartments equal to those you see in <a href="/developments/glen-iris-vic-3146">Glen Iris</a>, <a href="/developments/malvern-vic-3144">Malvern</a> and <a href="/developments/camberwell-vic-3124">Camberwell</a>."

Throughout each home, Ewert Leaf's commitment to craftsmanship is evident in every detail, from natural stone surfaces to hardwood timber floors, the refined palette exudes both texture and timeless beauty, while premium fixtures and fittings, such as European appliances and brushed nickel tapware, add a touch of exclusivity to every apartment.&nbsp;

The façade's timeless aesthetic features an integration of greenery, creating a symmetrical grandeur that complements the surrounding streetscape, while tactile bricks and steel palisades have been utilised to ensure quality and longevity.

[smartcode_project:default project_id=105071 project_image_fid=198018]

Internally, carefully selected finishes and warm tones create a neutral canvas for personalisation, while generous living areas, complemented by indoor-outdoor connections, are designed to accommodate modern lifestyles and embrace the abundance of natural light throughout.&nbsp;

The master bedrooms feature plush wool carpets and warm timber joinery, opening up to private balconies with green views over the terrace, while the ensuites continue the theme of luxury with organic feature tiles, expansive walk-in showers, and freestanding bathtubs in select apartments.

Set amidst the bustling heart of <a href="/developments/ashburton-vic-3147">Ashburton Village</a>, there's still a supply of two and three-bedroom apartments remaining in Chapter Ashburton, with floorplans spanning from&nbsp;103 sqm to&nbsp;294 sqm. The remaining apartments start from $850,000.

[smartcode_project_cta:default project_id=105071]

Steven Wong, KM Develop Managing Director, expressed his enthusiasm for the project, highlighting its significance for the area

Chapter Ashburton to welcome residents by mid-2024 with construction well underway

North Melbourne is undergoing a significant transformation,&nbsp;driven by a series of infrastructure projects that promise to reshape the neighbourhood's landscape and lifestyle.&nbsp;

The Arden and Macaulay urban renewal areas, located <a href="/new-apartments/north-melbourne-vic-3051">two kilometres north-west of the city</a>, will welcome a revitalisation of the old industrial areas, creating new neighbourhoods for the growing area to enjoy.&nbsp;

At the heart of the transformation is The Tapestry Project, a multistage mixed-use precinct brought to life by Orb Property Partners.

Construction is expected to kick off on the first stage of the 1.4-hectare masterplan in September. The community will <a href="/new-apartments/north-melbourne-vic-3051">occupy&nbsp;a prominent position</a> within the Macaulay Urban Renewal Precinct, which was formerly occupied by warehouses, was identified as a place of state significance by Plan Melbourne 2017-2050 and the City of Melbourne planning scheme, making it a focal point for renewal and growth in the region.

[smartcode_project:default project_id=112082 project_image_fid=194123]

Comprising two stages that extend across three street frontages, The Tapestry Project will offer a diverse array of amenity to cater to the needs of future residents and visitors alike. The first stage features two buildings, one of nine-storeys and the other of 12-storeys.

The buildings will house ground floor retail spaces, first-floor offices and co-working spaces, and a total of 150 apartments in one, two, and three-bedroom configurations, with five percent of the apartments in one building to be allocated to a Social Housing provider.

The first release in the masterplan is WOBO (West of Boundary), which <a href="/new-apartments/wobo-north-melbourne-103-105-boundary-road-north-melbourne">comprises 99 warehouse-style apartments</a> designed by Bayley Ward and Fender Katsalidis.

[smartcode_project:default project_id=112082 project_image_fid=194125]

The apartments blend industrial aesthetics with a warm and inviting atmosphere. As one of several rooftop spaces in the development, WOBO will be crowned by al fresco dining space and a fire pit, with the communal area boasting views of the city, green parks, and docklands.

Stage two of Tapestry will feature four buildings, three at 12-storeys high and one at six-storeys. A repurposed heritage building known as Farrell’s stables will also be brought back to life, adding a connection to the history of the site.&nbsp;In total, The Tapestry Project will see 359 apartments delivered across the site, in addition to a market hall, retail tenancies, dining venues, a boutique hotel, a 200-seat theatre, and an upper-level skate park.

[smartcode_project:default project_id=112082 project_image_fid=194126]

Beyond Tapestry, the Arden Macaulay area is set to experience even more change. The redevelopment of the <a href="/new-apartments/north-melbourne-vic-3051">North Melbourne</a> train station is a significant project that will transform it into a major transport hub, linking the area seamlessly with the rest of Melbourne, expanding to accommodate more trains, buses, and trams.

The Melbourne Metro Tunnel project is another game-changer for Arden Macaulay, as it will introduce two new underground stations to improve public transport connectivity across the city, while also stimulating economic growth and new job opportunities.

A new park will also be created in the urban renewal area, providing&nbsp;much-needed green space for locals, with the park set to feature walking paths, picnic areas, and a playground.

[smartcode_project_cta:default project_id=112082]

The Arden and Macaulay urban renewal areas, located two kilometres north-west of the city, will welcome a revitalisation of the old industrial areas, creating new neighbourhoods for the growing area to enjoy

How The Tapestry Project set to reshape Melbourne's North 

Riva Ridge's highly anticipated boutique development, Soul Hampton, has secured a sell out well ahead of construction completion.

David Lamond at Noorden Property secured the sales of all eight two and three-bedroom apartments, which were favoured by the local downsizer and rightsizer.

The Grenville Street project, scheduled for completion in late 2024, promises to offer a unique blend of luxury, convenience, and natural beauty in one of the most sought-after locations along the bay.

[smartcode_project:default project_id=93042 project_image_fid=197035]

Construction work on Soul Hampton commenced in December 2022, with the response from buyers overwhelming as a majority of the residences were snapped up well ahead of the groundbreaking ceremony.&nbsp;

Designed by Finnis Architects, the apartments at Soul Hampton are thoughtfully created to maximise space and light, blending natural stone and veneer timber paneling with high-end finishes and appliances.

The interiors exude elegance and sophistication, featuring Liebherr integrated fridges, gas fireplaces, underfloor heating in all bathrooms, and two car spaces in a secure lock-up basement garage.

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The development is ideally situated at 14-16 Grenville Street, just a short walk away from the <a href="/developments/hampton-vic-3188">vibrant Hampton Street shopping strip</a>, where residents can indulge in a variety of cafes, restaurants, and boutique retailers. Convenient public transport options make it easy to explore surrounding suburbs, with the <a href="/developments/melbourne-vic">city in reach</a> in around 25 minutes.&nbsp;

Nature enthusiasts will appreciate the proximity to Hampton Beach, one of Melbourne's iconic bayside beaches, while the surrounding area also boasts excellent schools, parklands, and sporting facilities, making it an ideal place for families and individuals.

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David Lamond at Noorden Property secured the sales of all eight two and three-bedroom apartments, which were favoured by the local downsizer and rightsizer

Soul Hampton apartments sell out well ahead of construction complete

Punton's Apartments, a new development in <a href="/developments/ivanhoe-vic-3079">Melbourne's Ivanhoe</a>, dates back over a century.

Frank Punton founded Punton's Shoes in the 1920's. Punton's became a familiar name in Melbourne's retail scene, leaving a lasting legacy.

In 1968, his daughter, Lorna Rouch (nee Punton), and a lifelong Ivanhoe resident, acquired <a href="/developments/ivanhoe-vic-3079">103-109 Upper Heidelberg Road</a>, with the location becoming home to the shoe business, and still occupied by Punton and Rouch family businesses. Now the <a href="/developments/ivanhoe-vic-3079">Heidelberg Road site</a> is set for 27 modern apartments above ground floor retail.

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Punton's Apartments embrace the bygone era, discreetly set behind an Art Deco-inspired facade that complements Ivanhoe's heritage, with each home boasting an abundance of natural light and views.

The apartments, developed by Rouch Brothers, showcase individual designs with high-end finishes, as well as an 8-star energy rating. Among the notable features are elevated views, Bertazzoni cooktops and ovens, stone benchtops, and high ceilings.

Residents also enjoy timber flooring in living areas, pendant lights, and large balconies, while most also benefit from a study or study nook, a storage cage and bike storage.

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The development also features a collection of larger two-level townhouse apartments and penthouse terraces. These homes include two-bedroom, two-bathrooms, a powder room and a study nook.

Similar to the apartments, they come with Bertazzoni appliances, stone benchtops, engineered oak timber flooring, and frameless showers, as well as the convenience of two car parks, a storage cage and bike storage.

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Frank Punton founded Punton's Shoes in the 1920's. Punton's became a familiar name in Melbourne's retail scene, leaving a lasting legacy.



A family name synonymous with creating quality: Behind Ivanhoe's Punton's Apartments: 

The Hugo, which was developed to look to the future, has sold 65 per cent of its apartments.

The <a href="/developments/footscray-vic-3011">Ballarat Road project in Footscray</a> by&nbsp;Faymus Developments has just 23 apartments,&nbsp;each solar-powered and fitted with state-of-the-art interactive technology.

They were designed by architect John Demos for an evolving climate, with&nbsp;ample natural light and fresh air.

[smartcode_project:default project_id=2718 project_image_fid=34797]

When it came to developing The Hugo, Faymus said the question was no longer "what should we build?'&nbsp;but rather 'why should we build?'&nbsp;

"At The Hugo, we believe that your home is integral to the story of your life," Faymus said.

"That’s why telling amazing stories through architecture is at the heart of everything we do.

"In the early stages of our development, we set out to find compelling narratives that would define the next chapter of our lives – and yours. From a pair of Toorak retirees who moved to Footscray for a change of scenery, to a young family who migrated to Australia for a better life, our apartments are intentional, beautiful, and focused on your needs."

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The Hugo comprises just one and two-bedroom apartments. All of the one-bedroom apartments have been sold.

"Each apartment has been carefully curated with exquisite materials and a colour palette that reflects Australia’s rich landscape," Fyamus added.

"This perfect blend between modern aesthetics and genuine functionality is eclectic, and authentically captures the charm of the Footscray area."

Nestled in <a href="/developments/footscray-vic-3011">the heart of Footscray</a>, The Hugo enjoys an ideal location. With easy access to shops, schools, public transport, parklands, and the bustling <a href="/developments/melbourne-vic">Melbourne CBD</a>, residents will find themselves well-connected to the best the area has to offer.

The remaining two-bedroom apartments, which each have two bathrooms and one car space, start from&nbsp;$515,000.&nbsp;

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Architect John Demos designed the apartments for an evolving climate, with ample natural light and fresh air.



Future proofed Footscray apartment development, The Hugo, hits the 65% sold mark

Melbourne-based Chinese property developer Holder East has successfully completed a string of townhouse and apartment developments across the city.&nbsp;

Construction is currently underway on their <a href="/developments/south-melbourne-vic-3205">South Melbourne</a> project Oasis Residences, which will deliver a mix of one, two and three-bedroom apartments, as well as duplex homes and penthouses.

They're also currently developing Monte 8, a small collection of <a href="/developments/doncaster-east-vic-3109">townhouses in Doncaster East</a>.

[smartcode_project:default project_id=9818 project_image_fid=30124]

Monte 8, named after its location at 8 Montgomery Street, has been designed by architecture firm DKO.

The design group marries the <a href="/developments/doncaster-east-vic-3109">area's rich apple orchard history</a> with the elegance of classic heritage homes, resulting in a collection of homes that take on heritage design cues as well as earthy finishes that pay homage to the region's past.

The statement rangehood shroud in the kitchen adds a touch of dynamic modernity but also creates a striking contrast to the brushed nickel tapware and sleek black glass Bosch appliances.&nbsp;

The bathrooms and ensuites at Monté 8 draw inspiration from the opulence of luxury spa hotels. The same brushed nickel tapware and accessories that feature in the kitchen extend into these spaces, while stone countertops and basins exude a sense of understated luxury, coupled with mirrored wall cabinets and generous under-counter storage.

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The focal point of the bathrooms however are the bath tubs and double showers, featuring both&nbsp;overhead rain shower heads and hand-held shower wands.

The remaining four-bedroom townhouses span from 177 sqm. They are priced from&nbsp;$1,323,000.

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Monte 8, named after its location at 8 Montgomery Street, has been designed by architecture firm DKO.

Monte 8: Where Doncaster's heritage meets contemporary luxury

Grange ROC Property took to a peaceful cul-de-sac in <a href="/developments/prahran-vic-3181">Prahran</a> for their most recently completed residential development, Lumley Park.

With a locale that fits in among its high calibre neighbours on High Street's sought after cultural strip, Lumley Park delivers tranquility combined with access to the best <a href="/developments/prahran-vic-3181">Melbourne's inner-city</a> has to offer.&nbsp;

Designed by the Charlie Inglis-led Inglis Architects, the residences have been designed to reflect their surrounds, which is brimming with esteemed schools, transport links, markets, villages and a <a href="/developments/prahran-vic-3181">thriving dining scene</a>.&nbsp;

[smartcode_project:default project_id=13244 project_image_fid=31748]

“The premise behind Lumley Park is very much inspired by the surrounding streetscapes, presenting a seamless blend with nature – an ode to the adjacent park," Inglis said.

The team at Inglis Architects chose a palette of materials that not only enrich the picturesque court but also ensure the homes age gracefully over time.

The design seamlessly integrates with the neighbouring park, paying homage to its status. Lush vegetation adorns the surroundings, softening the contemporary architecture and seamlessly blending the homes with the natural landscape.

Inside the residences, the interiors reflect the very essence of the suburb they reside in - a fusion of high-end sophistication and warmth. The interiors feature well-appointed finishes and generous floor plans, with abundant windows flooding the interiors with natural light.

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The functional kitchen areas stand out as places of inspiration, where sleek appliances and modern joinery come together to enhance the overall design.&nbsp;

Three-bedroom floorplans are still on offer, priced from&nbsp;$1.995,000.&nbsp;

[smartcode_project_cta:default project_id=13244]

Designed by the Charlie Inglis-led Inglis Architects, the residences have been designed to reflect their surrounds, which is brimming with esteemed schools, transport links, markets, villages and a thriving dining scene.

Lumley Park delivers a timeless design to Prahran's streets

Wedged between one of Melbourne's most popular suburbs&nbsp;<a href="/developments/south-yarra-vic-3141">South Yarra</a> and the edgier suburb of <a href="/developments/windsor-vic-3181">Windsor</a>, <a href="/developments/prahran-vic-3181">Prahran</a> has long been a sought-after suburb for those looking to reside in Melbourne's inner-city.&nbsp;

<a href="/developments/prahran-vic-3181">The suburb</a> has recently welcomed a new addition to its residential lineup, with&nbsp;Luxor Apartments delivering their boutique apartment project, Highline Residences.&nbsp;

Comprising just 15 apartments, they had local architects&nbsp;Interlandi Mantesso design the project, which&nbsp;embraces purist forms, geometries, and negative spaces.&nbsp;

[smartcode_project:default project_id=105007 project_image_fid=168452]

The apartments have been designed with three different kitchen and bathroom options, as well as four joinery choices, encouraging residents to customise their space, creating an array of unique apartments with their own individual character.&nbsp;

The clever use of contemporary extruded and perforated brick pays homage to the facebrick aesthetic of the context, creating a striking visual impact, while the white brick serves as a contrast to the black zinc cladding.

Each one frames Melbourne's skyline, offering residents astounding views that connect Prahran to the city. The play of natural light throughout the day unveils multiple aspects of each residence, creating a dynamic and ever-changing living environment.

Open plan kitchens seamlessly flow into the living rooms, extending the sense of space and convenience. The living spaces then extend further onto spacious courtyards and balconies, connecting residents with the surrounding parklands.

[smartcode_project:default project_id=105007 project_image_fid=168434]

Upon entering Highline Residences, residents are welcomed by a generous entrance and an abundance of natural light.

Flourishing garden spaces establish a sense of tranquility and serenity, creating a gentle transition from the external hustle and bustle of everyday life.

Just two-bedroom apartments remain in the development, with prices from&nbsp;$945,000.

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Upon entering Highline Residences, residents are welcomed by a generous entrance and an abundance of natural light

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