<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Melbourne off the plan apartments

In the upscale neighbourhood of Brighton, a new residential project is capturing attention and redefining the meaning of luxury living.

Fifty Two Black, a collaboration by renowned designers Nicholas Day, Jack Merlo, Gregory Tuck, and Meg Sharpe, introduces a distinctive design that combines elegance, exclusivity, and a private elevated lifestyle.

[smartcode_project:default project_id=106713 project_image_fid=213832]

With only five residences, Fifty Two Black offers house-like proportions, furnished in partnership with Ralph Lauren Home. As the first project in Australia to be entirely furnished with Ralph Lauren Home pieces, the development introduces a new class of elegance and exclusivity to Brighton.

Each is defined by one of three distinct design inspirations, crafted by Meg Sharpe, with Californian Romantic, Desert Equestrian, and Deco Moderne concepts, featuring&nbsp;three bedrooms, two living areas, and a generous terrace.

Upon entering the homes at Fifty Two Black, soaring ceilings of up to 3.3 meters and European anodized bronze windows create a grand sense of space and light, coupled with warm timber floors arranged in a chevron pattern.

[smartcode_project:default project_id=106713 project_image_fid=213834]

The apartments expansive living areas also feature a stone fireplace, as well as a feature chandelier and handcrafted finishes.&nbsp;

The European kitchens include a butler's pantry, with hand selected marble adorning the benchtops and splashbacks,&nbsp;while pendant lights by Ralph Lauren Home illuminate the classic white joinery.

[smartcode_project_cta:default project_id=106713]

Fifty Two Black is the first project in Australia to be entirely furnished with Ralph Lauren Home pieces

alisonwarters@gmail.com

The design behind Brighton's Fifty Two Black apartments

Affordability has began to pinch even the most astute property seeker, following 12 interest rate hikes from the RBA in as little as 14 months.

That's taken the official cash rate some four per cent higher than it was in April last year, to 4.1 per cent.

On average, the rate hikes have cut the average property buying budget by over $150,000.

And while there was a downturn in property markets while the RBA was in the hike-cycle, prices have now bottomed, and are on their way back up.

Unfortunately for prospective borrowers, that's not the case for their budgets, as rates are expected to stay above the four per cent mark well into next year.

To combat the growing budget pains, we've put together a list of Melbourne's best off the plan and newly completed apartments for sale under $500,000.

<h2>Project: Highett Common</h2>

<h2>Suburb: Highett</h2>

<h2>Price: From&nbsp;$415,000</h2>

Highett Common, developed by Sunkin Property Group, stands out with its unique approach to master-planned communities.

The development prioritises conservation, dedicating four hectares of natural green space within the 9.34-hectare project. Highett Common aims to become the first medium density, Net Zero Carbon community in Victoria.

[smartcode_project:default project_id=108019 project_image_fid=212651]

The collaboration between ClarkeHopkinsClarke Architects and Tract Landscape Architects ensures that each neighbourhood within Highett Common will have its own distinct character and residential landscape.

The first release, Park House, offers one, two, and three-bedroom residences designed to harmonise with the surrounding environment.

[smartcode_project:default project_id=108019 project_image_fid=212514]

The development also boasts state-of-the-art amenities, including gyms and swimming pools, providing residents with a resort-like living experience.

<h2>Project: Harvest Square</h2>

<h2>Suburb: Brunswick West</h2>

<h2>Price: From&nbsp;$435,000</h2>

Harvest Square in Brunswick West, developed by AVJennings in partnership with Homes Victoria, presents a range of housing options catering to diverse buyers.

[smartcode_project:default project_id=139951 project_image_fid=212687]

Harvest Square offers one, two, and three-bedroom apartments, along with two and three-bedroom townhouses, designed by SJB Architects with sustainability at the forefront of the designs.&nbsp;

The site will also feature publicly accessible open spaces, including a green spine, providing up to 3,200 sqm of recreational area.

[smartcode_project:default project_id=139951 project_image_fid=212688]

Harvest Square is also an all-electric community, while also boasting an 18-metre wide green corridor with productive plantings for all to enjoy.

The buildings have been designed with sustainability in mind and is independently certified to achieve 5 Star Green Star, 7 Star NatHERs, and Gold and Silver Liveable Housing Design ratings.

<h2>Project: Sierra Hawthorn</h2>

<h2>Suburb: Hawthorn</h2>

<h2>Price: From $500,000</h2>

The Sierra Apartments in Hawthorn have emerged as a standout player in the market, with the completed apartments by JD Group attracting buyers with the project's distinctive 'S' shape.

[smartcode_project:default project_id=94104 project_image_fid=175602]

With options ranging from one to four-bedroom apartments and terrace homes, Sierra offers a diverse range of residential choices.

The 'S' shape not only adds visual appeal but also enhances the retail experience along the vibrant Burwood Road, with two landscaped courtyards nestled within the curves of the building.

[smartcode_project:default project_id=94104 project_image_fid=175604]

The apartments feature floor-to-ceiling windows, flooding the interiors with natural light and showcasing the elegant combination of dark wood and high-quality stone in the open-plan living spaces.

<h2>Project: Tommy Residences</h2>

<h2>Developer:&nbsp;Ninety Four Feet</h2>

<h2>Price: From&nbsp;$460,000</h2>

Tommy Residences, located in the Edgewater Estate Precinct just seven kilometres from Melbourne's CBD, offers an exclusive collection of one, two, and three-bedroom residences. The development embraces its natural surroundings and frames cityscape views.

[smartcode_project:default project_id=111515 project_image_fid=212247]

Tommy's interiors have been crafted to maximise natural light and provide connections to outdoor spaces, allowing residents to stay connected to nature.

With its convenient location near retail, dining, and entertainment options, as well as excellent public transport connections, Tommy offers a leafy and tranquil residential experience connected to the best of the west.&nbsp;The nearby parks and trails offer 30 acres of open space, perfect for those who enjoy an active outdoor lifestyle.

<h2>Project: Malvern Collective</h2>

<h2>Suburb: Malvern</h2>

<h2>Price: From&nbsp;$489,000</h2>

Malvern Collective, developed by Kokoda Property, is a mixed-use precinct transforming Dandenong Road.

The project, currently 70 percent sold and under construction, features two residential towers with views of Port Phillip Bay, the Dandenong Ranges, and Melbourne's CBD.

There's over 200 apartments, including a grand penthouse and a number of sub-penthouses.

[smartcode_project:default project_id=12457 project_image_fid=200157]

Malvern Collective's ground level will house a retail, dining, and lifestyle precinct, featuring the last Woolworths Metro to be built in Melbourne and the iconic Angel hotel, renovated&nbsp;since 1856.

The precinct will connect with Glenferrie Road via new laneways, providing direct access to Malvern train station.

<h2>Project: The Canopy</h2>

<h2>Suburb: South Melbourne</h2>

<h2>Price: From&nbsp;$487,000</h2>

The Canopy at 272 Normanby Road, the visionary project developed by Gamuda Land in collaboration with local experts, is set to be a groundbreaking mixed-use community in South Melbourne redefining sustainable living.

The design of The Canopy incorporates biophilic principles, with an urban forest, a captivating green spine, and a rooftop garden, offering residents a serene sanctuary amidst the bustling cityscape.

[smartcode_project:default project_id=136970 project_image_fid=208481]

The 20-storey landmark will feature over 200 apartments, including one, two, and three-bedroom residences. Embracing nature and paying homage to the local environment, The Canopy will also include a 3,000 sqm with Melbourne's first urban Miyawaki forest.

On average, the rate hikes have cut the average property buying budget by over $150,000

Melbourne's best new off the plan apartments for under $500k selling in July 2023

In preparation of the construction of their STH BNK by Beulah development in Melbourne's Southbank, developer Beulah has commissioned Melbourne artist George Rose to paint a large-scale mural of Australia natives on the rooftop of the former BMW building.

Commissioned by Beulah Foundation, Beulah’s philanthropic arm, the artwork will aspire to promote art, well-being and sustainability, while advancing culture in and around the City of Melbourne.

The concept for the mural focuses on rejuvenating the current site’s urbanscape and will be complementary to the eye-catching Atong Atem mural that adorns the exterior of Hanover House, with both sites celebrating local female artists.The mural will be available to see from the end of July 2023 to December 2023.&nbsp;

<img alt="George Rose STH BNK" data-entity-type="file" data-entity-uuid="d220a90b-2b3a-454c-9111-b1cb6dcb00bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%2010.49.48%20am.png?VersionId=SvAwmtCI5E8UGMmqhOkBtt.zOPERJJ5T" />

Beulah Director Adelene Teh said the Beulah Foundation is thrilled to partner with George Rose, anticipating the positive impact of this artwork on the community.

“The vibrant piece commissioned by the Foundation adds colour and life to the area, aspiring to bring joy to workers, residents and visitors, especially those in surrounding tall towers who will be able to enjoy the rooftop mural daily," Teh said.

"It helps to spark imagination of the integration of life and biophilia with the future built environment, enhancing the connection between people and nature in cities.

“We received such positive feedback from the local community on Atong Atem’s Hanover House mural and it became a must-see installation within the City of Melbourne.

“With Melbourne as the cultural capital of Australia known for its rich and vibrant arts and culture scene, both of these murals aim to also activate Melbourne as a vibrant 24/7 city, while celebrating local female artists as well said."

Using bright, surreal colours and her signature gradients, George Rose’s work focuses on gestural mark-making often paired with endemic botanicals. Her work explores the fragility of nature, featuring endangered floral and fauna, and the transformation of the micro into macro-scale. Her work can be found across the globe from Australia to the US, and across Asia and Europe.

<img alt="George Rose" data-entity-type="file" data-entity-uuid="5e69fb6c-1104-4a8e-b0fb-a370d9e1246e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%2010.49.33%20am.png?VersionId=2m0n2pSVttVRUli0nXyqoZsBo67GVQo0" />

Both Hanover House and the former BMW site will be the future home to STH BNK By Beulah, a vertically integrated city within a city that will offer world-class retail, a comprehensive wellness precinct, a residential offering, a childcare centre, extensive green spaces including rooftop gardens and eight pocket parks dotted throughout, as well as an innovative cultural centre in partnership with Centre Pompidou, which has the largest collection of modern and contemporary art in Europe.

The five-minute vertical city is substantially lower than the 15-minute benchmark set by planning models across the world, which was first introduced by French-Colombian scientist Carlos Moreno in 2016.

[smartcode_project:default project_id=8804 project_image_fid=194915]

In 2019, the Victorian Government launched a 20-minute neighbourhoods pilot program, following research that 20 minutes is the maximum time that people are willing to walk to meet their daily needs locally.

Beulah Director Adelene Teh said the Beulah Foundation is thrilled to partner with George Rose, anticipating the positive impact of this artwork on the community

STH BNK by Beulah site to feature large-scale mural of Australia natives before construction starts

The current rental market crisis is already pushing enquiry numbers through the roof from both first home buyers and investors who are seeking to either get out of the rental market, or take advantage of it.

The latest statistics from property data analytics firm CoreLogic show just how strong the rental market is, particularly in Melbourne.

Their Quarterly Rental Review Q2 2023 found Melbourne is now no longer the most affordable capital city to rent a house, following 3.5 per cent quarterly growth in the rental market.

Dwelling rents in Melbourne (both houses and units), rose 3.9 per cent in the quarter, significantly outpacing growth in Perth (3.4 per cent) and Sydney (3.2 per cent).

The rise is putting pressure on renters who are now starting to look at entry-level apartments, particularly in Melbourne's inner-ring, rather than be beholden to the rent rises, while the growth has investors looking at securing stronger rental yields than they've likely ever seen before.

Where gross rental yields have started to fall across Sydney, Brisbane, Adelaide, Hobart and Canberra, they rose in Melbourne, Perth and Darwin. Another case for investors is the critically low vacancy rate, 0.8 per cent, one of the lowest capital city vacancy rates across the country.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="3682f33e-8a57-4dc6-b979-ebca21924406" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%209.26.50%20am.png?VersionId=WarMQHyNJCfIVu64kZT2ZVuXO1zoxJoe" />

Specifically looking at units, which incorporates both apartments and townhouses, Melbourne rents are up 4.5 per cent on the quarter to June, the second highest quarterly gain behind Perth.

Melbourne's median rent for units is now $532, and houses $567.

Sydney, Melbourne and Perth have also seen total rental supply between -30 per cent and -50 per cent below the previous five-year average for this time of year.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="30201ca8-2eec-49c6-af1f-c9c6d798c7d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%209.24.32%20am.png?VersionId=xtnDqQMblFefjrXCtvhaAKH2qTfdEfpq" />

Rental listings remain well below the previous five-year average, with a national shortfall of around -32.4 per cent, or 47,500 rental listings recorded over the four weeks to June 3rd.

"Strong demand from overseas migrants, particularly international students, continues to support stronger growth in the medium to high-density sector, with national unit rents increasing by 3.6 per cent in the June quarter compared to a two per cent increase in house rents," CoreLogic&nbsp;Economist and report author Kaytlin Ezzy noted.

The report found Brighton was the most expensive suburb in Melbourne to rent a house. The median rent in the Bayside hotspot is $1,343 a week, and the median house value $3,536,000.&nbsp;

The majority of Melbourne's most expensive suburbs to rent a house are in the inner ring. Black Rock, Middle Park, Malvern and Canterbury made up the top five. The top 24 suburbs have median house rents at over $1,000 a week.

The latest statistics from property data analytics firm CoreLogic show just how strong the rental market is, particularly in Melbourne.

Melbourne no longer Australia cheapest rental market: A compelling case for buying off the plan 

Melbourne's inner east is known for its vibrant neighbourhoods, leafy streets, and proximity to the city.

Several apartment developments have been completed in the last 12 months, offering prospective buyers the benefits of either a ready-to-move in option rather than renting, or for investors who want to start earning rental income.

We've wrapped up a list of some of the best completed apartments currently selling in Melbourne's inner east.

<h2>Project: HOME</h2>

<h2>Suburb: Alphington</h2>

HOME, located at 626 Heidelberg Road in Alphington, stands tall as a new architectural marvel within the Alphington Paper Mill Development.

[smartcode_project:default project_id=24441 project_image_fid=84981]

Situated just 6.5 kilometres northeast of the city, the 16-story building offers a range of terrace homes, sky homes, and apartments.

The sleek design combines a brick podium, paying homage to the site's industrial legacy, with a curved glazed tower showcasing contemporary architecture.&nbsp;

The exterior materials, including brick, concrete, timber, metal, and glass, create a timeless and raw aesthetic.

[smartcode_project:default project_id=24441 project_image_fid=167645]

With only two and three-bedroom apartments remaining, prices for HOME start from $914,000.

<h2>Project: Sierra</h2>

<h2>Suburb: Hawthorn</h2>

Sierra in Hawthorn has proven an attractive proposition for both first home buyers, rightsizers, and downsizers, primarily for its prime location.

Offering one, two, three, and four-bedroom apartments, as well as terrace homes, Sierra makes a bold architectural statement.

[smartcode_project:default project_id=94104 project_image_fid=175611]

The 'S' shape not only enhances visual appeal but also creates an engaging retail experience on Burwood Road. Residents can enjoy the convenience of retail amenities at their doorstep.

The building also features landscaped courtyards nestled within its curves, providing serene outdoor spaces for residents to relax.

[smartcode_project:default project_id=94104 project_image_fid=212494]

There are just one and two-bedroom apartments available in Sierra, starting from $500,000.

<h2>Project: Toorak Park</h2>

<h2>Suburb: Armadale</h2>

Toorak Park presents a rare and highly sought-after opportunity for those aspiring to enter Melbourne's exclusive Toorak market.

With over 60 percent of Toorak's population consisting of families, securing new or near-new apartments in the area has been challenging.

[smartcode_project:default project_id=377 project_image_fid=211685]

Located at 590 Evergreen Mews in Armadale, the $500 million masterplanned project offers a mix of one, two, three, and four-bedroom apartments developed by Lendlease, a prominent ASX-listed development giant.

Every one-bedroom apartment on offer has a car park, unheard of in the entry-level Toorak apartment market, which in itself has been unheard of for a number of years.

[smartcode_project:default project_id=377 project_image_fid=33594]

Designed by Denton Corker Marshall and Carr Design Group, Toorak Park's 16-building project seamlessly blends with its surroundings. Extensive landscaping by Tract provides green spaces and communal areas, creating a harmonious living environment.

Predominantly owner-occupied, Toorak Park sits in one of the area's most connected pockets, just across the road from Toorak Station and just off the lively Orrong Road.

Several apartment developments have been completed in the last 12 months, offering prospective buyers the benefits of either a ready-to-move in option rather than renting, or for investors who want to start earning rental income.

Melbourne's best completed inner-east apartments for sale in July 2023

Melbourne's prestigious Bayside suburb, Brighton, is soon to welcome its newest residents, as the boutique development 32 Black Street nears completion.

There's only two residences remaining in the Thomas Constructions and QB Constructions development, a rear penthouse which priced at $2.25 million, and a ground floor north-facing apartment with a $2.3 million price tag.

With nearly three decades of building experience each, the developers have earned a reputation for their management and construction practices, guaranteeing that 32 Black St will not only look exceptional but will also withstand the test of time.

[smartcode_project:default project_id=108268 project_image_fid=199301]

Designed by renowned architects Architecture Works, 32 Black Street stands out as a striking addition to the heart of Brighton. The building's sleek and modern design features an abundance of glass and metal detailing, but its most captivating aspect is undoubtedly its picturesque facade.

Designed to face north, the structure maximises natural light through its expansive windows, balconies, and lush greenery.

The intricate detail on the facade and the soaring ceilings create an enchanting sense of scale that perfectly complements the development's prime location.&nbsp;

The remaining residences, each with their own unique and luxurious interior, epitomise opulence and sophistication, from the expansive balconies overlooking the city skyline to the slate-marble tiled bathrooms and designer kitchens.

[smartcode_project:default project_id=108268 project_image_fid=199294]

The apartments are flooded with natural light, accentuating the aesthetic of the stone bench-tops and top-end finishes, while the kitchens are fully-equipped, with a full Miele appliance package, including an integrated fridge-freezer and induction cooktop.

The location of 32 Black Street is undoubtedly one of its most appealing features, being steps away from exclusive boutiques and restaurants that Brighton has to offer. In addition, each apartment provides the privilege of two secure underground parking spaces.

[smartcode_project_cta:default project_id=108268]

Designed by renowned architects Architecture Works, 32 Black Street stands out as a striking addition to the heart of Brighton.

Two apartments remain at Brighton's 32 Black Street as construction nears completion

Melbourne Square's completed East and West Towers on Southbank's Kavanagh Street take pride and place above&nbsp;Melbourne’s internationally acclaimed Arts Precinct.

The two towers form part of developer OSK Property's expansive mixed-use development which won the Best Mixed Use Development and the Best High Rise Architecture awards at the Asia Pacific Property Awards in 2020 and was&nbsp;a nominee in the 2022&nbsp;Victorian Architecture Awards.

[smartcode_project:default project_id=2929 project_image_fid=201012]

Designed in partnership by Cox Architecture and Carr Design, the apartments in both towers were crafted to create a timeless aesthetic, with the interiors created in collaboration with interior design house Coco Republic.

There are only a handful of two and three-bedroom apartments remaining. The two-bedroom units, which come with two bathrooms, start from $757,800, and the three-bedroom apartments from $1,247,000.

[smartcode_project:default project_id=2929 project_image_fid=200839]

Each tower features two levels of amenity on the podium, including a 50-metre swimming pool, a gym, seating and lounge areas, and a number of dining spaces.

Over 6000 sqm of public space has been included across the ground floor of the towers, with a landscaped public park, along with a number of green spaces and walkways, in addition to a full-line double-storey Woolworths, and a plethora of eateries, retail and dining options, from espresso bars, to cafes and bottle shops.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=200861]

OSK recently launched the next phase of the masterplanned community, BLVD, a 73-level tower which will bring a further 619 apartments to the masterplan.&nbsp;

[smartcode_project_cta:default project_id=2929]

Designed in partnership by Cox Architecture and Carr Design, the apartments in both towers were crafted to create a timeless aesthetic, with the interiors created in collaboration with interior design house Coco Republic

A buyer's guide to Southbank's completed Melbourne Square apartments

Designed-focused Melbourne developer&nbsp;Neometro has submitted plans for a collection of 23 apartments in the heart of the vibrant Fitzroy neighbourhood, in collaboration with award-winning Melbourne architectural studio Edition Office.

The project, 450 Gore Street, between Brunswick Street and Smith Street, is located in a leafy residential pocket of Fitzroy. It and has a distinct geometric form elevated by subtle sculptural detailing. Neometro are targeting a gas free project, with a 7.5&nbsp;star NatHERS energy rating. A mix of one, two and three-bedrooms will be on offer.

The intention of the design of 450 Gore Street is to complement its urban residential surroundings, with it being positioned alongside Victorian terraces, worker's cottages, and an established tree canopy. It will feature&nbsp;raw concrete, coloured tactile bricks, clear fluted glass and deep forest green painted metal detailing.

<img alt="Neometro" data-entity-type="file" data-entity-uuid="f1395129-2731-48fc-8b22-5bf454e0d56f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-04%20at%204.22.13%20pm_0.png?VersionId=MZrxiVOv4vYsoYrBe3lsmvNeZ2NN75zl" />

The building features a carefully staggered facade, designed in line with detailed shadow analysis to maximise natural light into each building while protecting residents’ privacy. Giving way to deep private balconies, the unique design also affords each apartment direct access to outdoor space.

Floor to ceiling windows offer impressive views out across the inner-north suburbs and towards Melbourne’s central business district, which will remain protected due to the location’s zoning rules.

The building’s ground floor apartments feature generous interior volumes, which actively engage with the street and are a natural evolution of Neometro’s loft typology in size and scale.

<img alt="Neometro" data-entity-type="file" data-entity-uuid="08fd48c4-3fac-4624-b613-a940aeef6a66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-04%20at%204.00.25%20pm.png?VersionId=xa1ktvKQfmfuz_xxMKaq9pCqQAiVH2r5" />

The project marks a long-lasting connection between Neometro and the City of Yarra, where it has completed 10 projects, including its first ever project 35 years ago, 51 Little Smith Street in Fitzroy.

“Since 1985, we’ve worked to deliver better architectural outcomes for the City of Yarra," Neometro Director Jeff Provan says.

"Our buildings are designed to provide for people over the course of their lives and our long-standing residents in this suburb are testament to the quality of Neometro homes."

<img alt="Neometro" data-entity-type="file" data-entity-uuid="d5a0b7d5-8d2c-4943-9401-c99ed2a22da5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-04%20at%204.22.01%20pm.png?VersionId=vpbWFLW8GkaQd5qNLWyzndsy2msyqkN1" />

450 Gore Street will be the first project Neometro and Edition Office have worked on together.

Neometro Director Lochlan Sinclair says the&nbsp;building represents a new partnership founded on shared values and mutual respect.

"We are very pleased to be finally coming together, to create this stunning addition to Fitzroy and continue our long-lasting connection to the suburb," Sinclair said.

Edition Office is ran by Aaron Robert and Kim Bridgland. Bridgland says the&nbsp;architectural language of the existing industrial and post industrial buildings in Fitzroy is strong horizontal banding often supported on large robust columns or piers," Bridgland says.

"This defines the pedestrian experience and retail frontages along many of the streets and we feel is a detail worth celebrating. We have reinterpreted the recurring motif into a new design aesthetic. The banding becomes the mechanism through which to unite the site’s industrial heritage and Gore Streets’ residential fabric.

Neometro will be taking registrations of interest this month, with an official launch expected in early 2024.

The project, 450 Gore Street, between Brunswick Street and Smith Street, is located in a leafy residential pocket of Fitzroy



First look exclusive: Neometro file plans for Gore Street, Fitzroy apartments

Crossley &amp; Bourke, the newest apartment development to launch in West Footscray, is offering a bit of something for everyone.

The project, which will have 110 apartments across two symmetrical buildings connected by a sky bridge, caters for every demographic, Bricks &amp; Mortar Director Sahil Bhasin, who is selling the project for developer M Property, says.

He expects first home buyers to be keen on the entry-level, one-bedroom apartments, which start from $455,000, and downsizers to be more focused on the larger two and three-bedroom apartments, the latter of which are priced from $859,000.

Some of the three-bedroom penthouses, with fireplaces and integrated Miele appliances, have extensive private terraces with over 100 sqm of outdoor space.

[smartcode_project:default project_id=134538 project_image_fid=215499]

"There's something for everyone in Crossley &amp; Bourke," Bhasin says, adding that he is also expecting to be fielding interest from investors for the one and two-bed apartments.

"There's a lot of appeal to both the project and the area which will attract investors," Bhasin said.

He was speaking to the infrastructure upgrades happening in the area, from the $77 million redevelopment of the neighbouring Victoria University Whitten Oval, home of the Western Bulldogs, to the $11 billion Metro tunnel, $6.7 billion Westgate Tunnel, and the new $1.5 billion Footscray Hospital Precinct.

[smartcode_project:default project_id=134538 project_image_fid=215501]

There's also a vacancy rate of just 1.3 per cent in the area, which has seen compound growth of 8.6 per cent in the last 12 months.

The location will be a big driver for all purchasers, Bhasin says, given the project's proximity to the train station and the popular Barkley Street.

It's a five-minute train to Footscray Markets and Footscray Central's amenity, while just 15 minutes to the Melbourne CBD. There's 10 educational facilities, from childcare through to tertiary and adult education, less than two kilometres from the front door.

Artisan Architects Director John Hair, who designed the project, said the&nbsp;facade speaks to the neighbourhood’s industrial past - exhibiting red brick, concrete and steel.

[smartcode_project:default project_id=134538 project_image_fid=215505]

"While the overall design blends strong clean lines with multiple parts that combine to form one cohesive whole, inspired by the many facets of the community and its unique character."

Hair says the&nbsp;landscape design brings a layer of greenery that is integrated into the recesses of the façade and the central sky garden is inspired by the traditional village green and central square where the community comes together to socialise and celebrate.

The building is targeting a 8.3 NatHERs rating, with each apartment featuring passive solar design and ventilation through its&nbsp;own self-contained ventilation system that flows directly to the outdoor area, rather than through internal ducts or a complex roof ventilation system, delivering clean, fresh air into the apartment.

[smartcode_project:default project_id=134538 project_image_fid=215504]

The project is being delivered by M Property, who have already completed demolition on the Cross Street site. Valeo Constructions is handling the build.

The project will feature a wellness centre,&nbsp;which will be taken over by an independent business when the building is completed, around Q4 2024.

[smartcode_project_cta:default project_id=134538]

The project, which will have 110 apartments across two symmetrical buildings connected by a sky bridge, caters for every demographic, Bricks & Mortar selling agent Sahil Bhasin says.



Crossley & Bourke apartments launch in West Footscray

Melbourne's unit market continues to gather steam.

Property data analytics firm CoreLogic's Monthly Hedonic Home Value Index found the value of Melbourne units grew by one per cent in June, following gains of 0.9 per cent in May and a more modest 0.1 per cent rise in April.

Growth in the unit market, which incorporates both apartments and townhouses, outstripped the growth in house values in June. House values rose 0.9 per cent.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10% below the previous five-year average and total inventory levels are more than a quarter below average.

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h1>Melbourne's off the plan update July 2023</h1>

Reports from local agents is that downsizers continue to be the key market segment in the off the plan space.

Burton's Estate Agents' Jack Roberts says he's seeing the interest rate environment of 2023 has all but precluded the first home buyers from the market for the next few quarters.

He says the undersupply of good quality apartments has started to grip the top end of the market, and that's encouraging downsizers to make quicker decisions than they tend to.

"We have had a steady increase of buyers enquiring on projects, then informing the team they will not be going ahead and would rather the certainty of established property, only to return to the display suite three or six months later and say what they want is only available off the plan."

Roberts has seen the trend at South Yarra House, the sustainable South Yarra project by Nick Moylan's Wattletree.

[smartcode_project:default project_id=112970 project_image_fid=214708]

The SJB-designed, Art Deco-style development offers a range of three-bedroom apartments starting from $1.8 million. They each have two bathrooms and two car spaces.

The project also features a rooftop pool, private dining area with barbecue terrace, and seated breakout areas set in extensive landscaping.

"Established Apartments from 165 sqm to 260 sqm are very hard to find now, especially if you are also looking for a high level of interior appointment," Roberts says.

"This is forcing buyers back into off the plan where they can also receive a high level of customisation."

[smartcode_project:default project_id=112970 project_image_fid=214717]

Darren Blair from Blair PropertyGroup says 2023 was been an interesting year in off the plan apartment market.

"It has been the biggest two-speed market on record - influenced by product type, sales channel, and price point," Blair said.

"We all know this could be one of the most challenging moments in recent history for developers. The cost of development has skyrocketed over the last two years, exacerbated by the cost of capital in an interest rate tightening cycle.

"The local retail market is there however, and enquiry remains relatively strong."

Blair is marketing Samuel Property's recently completed Brighton development Willow, a collection of just 14 two, three and four-bedroom apartments.

[smartcode_project:default project_id=27554 project_image_fid=214528]

The Well Street project has been designed by architecture firm Bayley Ward, who pushed the envelope when creating the development which features a striking curved facade.

"We wanted each owner to experience a home that’s truly a step above," says Romy Jackson, Development Director at&nbsp;Samuel Property.

"Every residence is tailored to sit comfortably within the tranquillity of the leafy streetscape, whilst optimising the quality of views, light, acoustics and air quality.&nbsp;

[smartcode_project:default project_id=27554 project_image_fid=214531]

“Willow has been designed and built for longevity. We consider the final outcome to be a timeless contribution to the character of the neighbourhood."

Farey &amp; Co Director Jarrod Farey said he's noticed a significant increase in demand for developments that have commenced construction, and or are nearing completion.

"With buyers concerned about the risk of an off the plan development actually getting off the ground, now wanting to secure the safer option, albeit happy to lose out on the stamp duty savings." Farey said.

Farey has seen that at Albero Greensborough, Citinova's boutique apartment project which is expected to be completed Q4 2023. The block of just 45 apartments has catered for every buyer, given the entry level $450,000 one-bedroom apartments, and the generously sized two-bedroom apartments from $630,000.

[smartcode_project:default project_id=4722 project_image_fid=212352]

Farey also noted the abundance of downsizers in both enquiries and purchasers.

"[They] have a need to move and not necessarily impacted by market conditions and our the interest rate hikes as they are mostly cash buyers.

&nbsp;A new trend emerging however Farey has seen is enquiry from from international buyers, mostly from China and Singapore who are wanting to secure a new property in a reputable school zone for their children.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values

Melbourne off the plan apartments

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