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

Construction has wrapped on the latest Elsternwick apartment development, EVA Elsternwick Village, located in the heart of the vibrant neighbourhood.

Elsternwick has quickly emerged as one of Melbourne's most sought-after areas, boasting a lively café and restaurant scene, a bustling shopping hub, and a welcoming atmosphere. Combining the laid-back charm of beachside living with the cosmopolitan allure of city life, Elsternwick has become a magnet for those seeking the perfect blend of convenience and tranquility.

Situated on the coveted Glen Huntly Road, the Elsternwick Village Apartments offer a rare opportunity to reside in the beating heart of the thriving suburb.&nbsp;

Developed by Pitard Group, Elsternwick Village Apartments delivers a blend of bayside luxury and urban sophistication, with a mix of one, two and three-bedroom apartments.

[smartcode_project:default project_id=93073 project_image_fid=157107]

The group had their construction arm build the project, which is home to 99 apartments.&nbsp;

Residents of Elsternwick Village Apartments will enjoy an array of amenities, including a rooftop terrace, boasting views of the bay and city skyline. There's also a members lounge on offer providing a serene retreat with equally captivating vistas.

A hallmark of the Hamptons style, the interiors feature high-end fixtures and fittings, European appliances, and natural timber flooring, while double glazing and best-in-class noise-cancelling acoustics ensure a peaceful living environment.

The apartments seamlessly integrate indoor and outdoor spaces, with each bathes in natural light, following an open plan layout offering spacious proportions accentuated by high ceilings.&nbsp;Each of the apartment also includes an outdoor terrace or balcony.

[smartcode_project:default project_id=93073 project_image_fid=157116]

From the convenience of basement parking to the ground-floor retail spaces and tranquil outdoor areas, every aspect of Elsternwick Village Apartments has been carefully considered to ensure a seamless living experience.

Private inspections of the completed apartments are available, with one, two and three-bed floorplans still on offer.

The one-bedroom apartments start from $635,000, two-beds from $895,000, and the three-bedrooms units ranging in price from $1,135,000 to $1.85 million.

[smartcode_project_cta:default project_id=93073]

The group had their construction arm build the project, which is home to 99 apartments

alisonwarters@gmail.com

Construction wraps at EVA Elsternwick Village Apartments

Box Hill Central, located adjacent to the train station, has welcomed a brand new display suite that showcases Melbourne-based MAB Corporation residential project Tempo, offering prospective buyers a chance to experience the apartments before buying.&nbsp;

Upon entering the display suite, visitors are greeted with a choice of three colour schemes: The Minimalist, The Expressionist, and The Traditionalist, with each scheme curated to reflect different styles and preferences.

Tempo offers a collection of one, two, three and four-bedroom apartments and split-level lofts, with the lofts boasting a flexible mezzanine space that can be utilised as a parents' retreat, home office, or a versatile guest room, with the innovative design allowing residents to adapt their living space to suit their needs.

[smartcode_project:default project_id=27931 project_image_fid=75286]

The development's loft product is a signature feature of MAB Corporation, providing a unique and contemporary living experience that sets it apart from other projects in the area.

MAB Corporation has recently appointed L.U. Simon as the builder for the project, and completion is anticipated by the third quarter of 2024. With construction underway, prospective buyers can envision themselves residing in the luxurious residences in the near future.

The design of Tempo has been crafted by the esteemed Hayball architects, with each residence following an open plan design, adjoining to balcony gardens.

Tempo was one of the first major developments in Box Hill to be assessed against the Better Apartment Design Standards, ensuring that residents can enjoy the highest quality of living. MAB Corporation's commitment to meeting and exceeding these standards is evident in every aspect of Tempo's design.

Residents will benefit from the spa deck on the 11th level, offering northern views of Box Hill Gardens, with the space complemented by an entertainment space equipped with a barbecue and al fresco dining area.&nbsp;Tempo also boasts a music room, a library, and a well-equipped gym is at their disposal.&nbsp;

[smartcode_project:default project_id=27931 project_image_fid=75294]

Tempo's location is unbeatable, with shopping, transport, education, and healthcare facilities all within easy reach.

Situated in the esteemed Box Hill Gardens precinct, the development offers convenient access to Box Hill Central, renowned health and educational institutions, and various transportation options.

Residents will be able to enjoy the best of both worlds, with the vibrant cityscape on one side and the scenic vistas of the Dandenong Ranges on the other.

One-bedroom apartments in Tempo are priced from&nbsp;$401,000, while the two-bedders begin from&nbsp;$582,000. The three-bedroom options are priced from&nbsp;$888,000, with the four-bedders from&nbsp;$1.124 million.&nbsp;

[smartcode_project_cta:default project_id=27931]

Upon entering the display suite, visitors are greeted with a choice of three colour schemes: The Minimalist, The Expressionist, and The Traditionalist, with each scheme curated to reflect different styles and preferences.

MAB Corp unveiled new Tempo display suite in Box Hill Central

In an era where environmental sustainability is being more and more important, 10 Lilydale Grove stands as a shining example of a smart, sustainable, and future-focused residential development.

Developed by Residence Co, 10 Lilydale&nbsp;offers a range of one, two, and three-bedroom configurations, with each providing residents with a combination of comfort, convenience, and eco-friendly living.

The recently completed building has been designed by&nbsp;Ellis Architects with sustainability at the forefront, aiming to reduce its carbon footprint and minimise the impact on the environment.

It boasts an 8-star energy rating, showcasing its dedication to energy efficiency and eco-consciousness.

[smartcode_project:default project_id=4399 project_image_fid=210899]

The development takes advantage of an embedded energy network, ensuring that energy costs are kept to a minimum for residents. By sharing energy resources, the complex maximises efficiency and reduces individual energy expenses. This not only benefits the environment but also provides financial relief for residents living in the building.

To further enhance energy efficiency and provide a comfortable living environment, the complex features triple-glazed windows, which not only minimises noise pollution but also help to regulate indoor temperatures, reducing the reliance on heating and cooling systems.&nbsp;

In line with the growing popularity of electric vehicles, 10 Lilydale Grove has taken steps to accommodate this eco-friendly mode of transportation. The development offers individual electric vehicle charging stations, allowing residents to conveniently charge their EVs at home.&nbsp;

[smartcode_project:default project_id=4399 project_image_fid=210908]

In addition to its focus on energy efficiency, 10 Lilydale Grove integrates future-proof CBUS systems. This cutting-edge technology allows residents to have smart control over their energy usage, climate control, and security systems. By providing residents with the ability to monitor and adjust these aspects of their homes, the development empowers individuals to make informed decisions regarding their energy consumption and create a sustainable living environment.

The commitment to sustainability at 10 Lilydale Grove extends beyond the individual units. The development features a 28kw rooftop power station, harnessing the power of the sun to generate electricity for the building. This renewable energy source helps to reduce reliance on traditional power grids, contributing to a greener and more sustainable community.

The development also incorporates stormwater reticulation, which allows for efficient water management and reduces strain on the local water supply. By capturing and redirecting rainwater, the development minimises water wastage and helps preserve this precious resource.

[smartcode_project:default project_id=4399 project_image_fid=210929]

Residents of 10 Lilydale Grove will also be able to take advantage of the various amenities provided within the development, including an on-grade carpark, residents' gym, and a rooftop terrace with barbecue facilities.

Situated in one of Melbourne's most desirable locations, 10 Lilydale Grove offers a prime address that combines convenience and luxury. With Auburn Village boutiques and cafes at its doorstep and easy access to public transportation, renowned schools, and popular retail and dining precincts.

The project is completed and ready-to-move-in, with prices starting from&nbsp;$850,000 for a one-bedroom apartment.&nbsp;

[smartcode_project_cta:default project_id=4399]

The recently completed building has been designed by Ellis Architects with sustainability at the forefront, aiming to reduce its carbon footprint and minimise the impact on the environment

Sustainable, future-focused lifestyle at 10 Lilydale Grove in Hawthorn East

No.1 Studley Park, a collection of 30 residences by Prince Corporation, will see residents move in later this year as it approaches completion.

Developed in collaboration with acclaimed design firms Telha Clarke and Studio Tate, No.1 Studley Park showcases elegant architecture and refined interiors, all set against the backdrop of Melbourne's iconic city skyline.

Each residence has been meticulously designed to pay homage to the heritage homes of Kew, while incorporating modern elements and exquisite attention to detail.

[smartcode_project:default project_id=3710 project_image_fid=155452]

Prospective buyers can choose from a range of one, two and three-bedroom apartments, with prices ranging from $499,000 through to $1,725,000.

The residences feature free-flowing living and dining areas that seamlessly connect to private balconies, offering a tranquil and inviting space for relaxation or entertaining guests.

The interiors of No.1 Studley Park exude elegance and style. Light oak timber floorboards create a warm and inviting ambiance throughout the living spaces, while full height double glazed windows flood the apartments with natural sunlight, providing views of the city skyline and the lush treetops of the Studley Park precinct.

The gourmet kitchens are a chef's dream, with a choice of natural stone or Terrazzo benchtops, European appliances, and custom-coloured joinery, while the bathrooms showcase ceramic tiles, fluted glass feature wall lights, and premium fixtures.

[smartcode_project:default project_id=3710 project_image_fid=155456]

No.1 Studley Park offers an array of amenities that further enhance the residents' lifestyle. Crowning the development is the communal rooftop terrace, featuring a barbecue area, an indoor lounge, and a separate co-working space, all complimented with panoramic views of the CBD.

Located just moments away from the iconic Kew Junction shops, the Studley Park precinct, and excellent public transport options, residents can easily immerse themselves in a vibrant inner-city lifestyle while enjoying the tranquility of nearby parks and the scenic Yarra River.

One, two and three-bedroom apartments are still remaining in the Studley Park Road project.

[smartcode_project_cta:default project_id=3710]

Prospective buyers can choose from a range of one, two and three-bedroom apartments, with prices ranging from $499,000 through to $1,725,000

No.1 Studley Park in Kew approaches completion

While they're working on their groundbreaking $1 billion STH BNK by Beulah tower, Beulah has been busy on the low density side of residential development.

Their recently completed project Provenance, a boutique project of just 12 apartments, has been designed by Elenberg Fraser in the heart of Camberwell at 890 Toorak Road.

Each of the ten house-sized apartments and two luxury penthouses has been thoughtfully designed to redefine the concept of multi-residential living.

"Provenance is a project that will shift your expectations and understanding of what it is to live in a multi-residential building, now and into the future," Callum Fraser, Principal Architect at Elenberg Fraser said.

[smartcode_project:default project_id=9099 project_image_fid=48596]

One of the standout features of the apartments is the private lift, providing residents with the utmost privacy and convenience. The seamless integration of the lift adds a touch of exclusivity, ensuring a sense of luxury from the moment you step foot into your home.

The attention to detail extends to the heart of the home, the kitchen. The Gaggenau chef's appliance package sets a new standard for culinary excellence, allowing residents to unleash their inner chef. The addition of a butler's pantry further enhances the functionality and practicality of the kitchen, providing ample storage space and an additional preparation area.

[smartcode_project:default project_id=9099 project_image_fid=201603]

Expansive north-facing terraces and private balconies seamlessly blend indoor and outdoor living, inviting residents to relax and unwind while enjoying the vistas of the surrounding landscaped gardens, with the generous outdoor spaces serving as an extension of the living areas.

The surrounding landscaped gardens add to the charm and beauty of the development, creating a peaceful and green environment for residents to enjoy.&nbsp;

[smartcode_project:default project_id=9099 project_image_fid=201672]

Parking woes are a thing of the past, as each apartment comes with a minimum of two car spaces, with the generous provision allowing residents to comfortably accommodate their vehicles without compromising on convenience or security.

Situated just a 15-minute drive from the bustling CBD, Provenance offers the perfect blend of accessibility and tranquility, with residents easily able to enjoy the vibrant city lifestyle while retreating to the serene oasis of their residence.

A limited collection of apartments still remain in the Camberwell project, with a mix of two, three and four-bedroom floorplans on offer.&nbsp;

[smartcode_project_cta:default project_id=9099]

Each of the ten house-sized apartments and two luxury penthouses has been thoughtfully designed to redefine the concept of multi-residential living

Beulah's Provenance offers ready-to-move-in apartments in the heart of Camberwell

Pace Development Group has completed two of Melbourne’s largest staged projects as the marketplace surges for affordable housing.

The end-to-end developer has delivered its Sunshine North project Pace of Sunshine North, and their popular Blackburn mixed-use development, Pace of Blackburn, in a market plagued by rising interest rates and high construction costs.

Pace secured a settlement rate of 97 per cent across the two projects, and a 99 per cent valuation success.

Pace Development Group Sales and Marketing Director Ash Bramich says that despite negative media coverage on house prices, the opposite is occurring on quality projects throughout Melbourne.

"Final developer stock released upon completion at Blackburn is now selling at 10 per cent higher than the off-the-plan price list, while a recent Sunshine townhouse sold for $60,000 above its original sale price," Bramich says.

<img alt="Pace of Sunshine North" data-entity-type="file" data-entity-uuid="7631ee97-343e-4cc7-93aa-da9c4d5afe66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-07%20at%203.54.07%20pm.png?VersionId=isGzWpXdm9a5ca0cLgrmCk_17Gd4vy0P" /> 
The completed townhouses at Pace of Sunshine North. Image supplied

In May, Pace of Blackburn settled its final stage of 126 apartments – of a total 288 residences in the project – after the completion of its third and fourth buildings.

Across the city, Pace of Sunshine North saw the last stage of 36 townhouses complete, bringing the total number of residences to 376 on a project that started five years ago.

With escalating building costs driving a 5-20 per cent increase in the price of future projects, bank valuers are acknowledging the affordability of current stock versus upcoming developments.

Many existing Melbourne apartments are now returning in excess of five per cent gross – a figure that hasn’t been seen for over 20 years. A looming undersupply of housing, coupled with rising migration, rent, and the return of first-home buyers, supports this evaluation.

This sentiment is reflected at Pace of Blackburn where 18 apartments were leased within three days of settlement.

<img alt="Pace of Blackburn" data-entity-type="file" data-entity-uuid="1c4dd9ab-864c-491e-9af1-ff2f3a0d4090" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-07%20at%204.12.25%20pm.png?VersionId=PjT8z8U0tJtLRsHRSvqLe2X5xlr6tZdT" /> 
A completed kitchen in Pace of Blackburn. Image supplied

The project overcame many of the challenges that faced the property and development industries at the time. Despite site restrictions, reduced labour, material and supply chain shortages, Pace Development Group remained resilient, adaptable and effective, delivering its largest apartment project on record.

Pace of Blackburn’s completion follows record sales at The Darley, where a three-bedroom&nbsp;apartment recently sold for $3.626 million, equating to $18,500 per sqm, surpassing a rate per sqm typically found in sought-after suburbs like Fitzroy or South Yarra.

The project, currently under construction within the historic grounds of Flemington Racecourse, supports a strong demand for off-the-plan residences with promising projected returns.

Pace have completed over 100 projects across Melbourne in the last three decades.

Pace secured a settlement rate of 97 per cent across the two projects, and a 99 per cent valuation success

Pace completes two of Melbourne’s largest staged projects as demand surges for affordable housing

Construction is well underway at Oz Property Group's latest project, which promises to redefine sustainable living in Melbourne.

Kingloch Parade, awarded the Best Sustainable Development in Australia at the 2022 International Property Awards, aims to provide residents with a future-proof, eco-friendly, and socially engaging community experience.

With 11 distinct styles of mid-century modern homes, townhouses, and terraces to choose from, Kingloch Parade offers a plethora of options for potential homeowners.

[smartcode_project:default project_id=90532 project_image_fid=183095]

Designed by the acclaimed DKO &amp; SLAB, the development exudes a sense of style and elegance that is complemented by its commitment to sustainability.

Each home has achieved a 7 Star NatHERS rating and BESS Design Excellence, guaranteeing an incredibly energy-efficient and environmentally conscious living space. In a bid to eliminate reliance on fossil fuels, every property is 100 per cent electric and fossil fuel-free.

To further enhance the eco-friendly nature of the homes, solar panels are included with each property, harnessing the power of the sun to reduce reliance on traditional energy sources. This commitment to renewable energy not only helps protect the environment but also ensures long-term cost savings for homeowners.

In addition to its sustainable features and idyllic setting, Kingloch Parade presents an affordable option for families across Victoria seeking to upgrade to a modern, eco-conscious home.&nbsp;

[smartcode_project:default project_id=90532 project_image_fid=183091]

Kingloch Parade also offers an array of communal amenities that foster a sense of community. Residents will enjoy a communal barbecue area, vegetable gardens, a nature play zone, a basketball hoop, and even a cricket pitch.

The interior of each property boasts high ceilings and light-filled spaces, in addition to the integration of the latest appliances from SMEG.

Nestled in one of Melbourne's leafiest areas, away from busy main roads, the development offers residents a tranquil and serene living environment.

Kingloch is conveniently situated within a short walk to local parklands and sporting grounds, providing ample opportunities for outdoor activities and recreation.

Two, three, four and five-bedroom townhouses are still available, with prices starting from&nbsp;$879,000. Oz Property are hoping to be welcoming residents by Q3 2024.

[smartcode_project_cta:default project_id=90532]

With 11 distinct styles of mid-century modern homes, townhouses, and terraces to choose from, Kingloch Parade offers a plethora of options for potential homeowners

Award-winning sustainable townhouses coming to Melbourne's Wantrina

South Yarra, renowned for its prime location beside the picturesque Yarra River and its cityscape views, has solidified its reputation as the pinnacle of sophisticated living.

Nestled amidst lush green parklands, esteemed private schools, and an array of iconic shopping and dining destinations, South Yarra presents an exclusive lifestyle unlike any other.

The completed 661 Chapel St by Gamuda Land fits into the South Yarra landscape, named after its location towering high above the bustling Chapel Street.

[smartcode_project:default project_id=600 project_image_fid=140802]

The ready-to-move-in project has been crafted with attention to detail and original materials, with architects Bird de la Couer infusing international design DNA into every facet of the development.

By seamlessly combining opulence with functionality, they have created a vertical village that fosters a sense of community and interaction among its residents.

The building stands tall, boasting 30 floors comprising spacious one, two, three, and four bedroom residences. At the pinnacle lies a duplex penthouse, complete with a private rooftop offering panoramic vistas.

As residents enter the soaring private lobby spanning four levels, they are greeted by a gallery-like space adorned with renowned artworks, setting the tone for the exceptional experience that awaits within.

[smartcode_project:default project_id=600 project_image_fid=94612]

Collaborating with a selection of renowned artists, including the famed British artist Damien Hirst who is known for his ability to transcend artistic boundaries and challenge contemporary beliefs, 661 Chapel is an art connoisseurs dream.

Hirst's contribution to the collaboration, titled "Eternal," showcases the butterfly motif in three forms, symbolising love, hope, and beauty.

Expansive living areas with floor-to-ceiling glass windows offer captivating views, coupled with engineered timber floors in neutral tones and plush carpets.&nbsp;

The kitchens are a testament to culinary excellence, featuring premium stone surfaces, designer appliances by Miele and Gaggenau, soft-closing doors, and high-quality European fixtures.&nbsp;

[smartcode_project:default project_id=600 project_image_fid=140796]

Beyond the confines of the apartments, Bird de la Couer has curated an array of communal spaces that epitomise a lifestyle centred around pampering, pleasure, and practicality.

Entertain guests in the private dining rooms, indulge in a movie at the theatre, or lose yourself in the pages of a book in the library.

For wine enthusiasts, a climate-controlled wine cellar is at your disposal. Residents can also revel in the benefits of healthy living through the state-of-the-art 25-metre lap pool, cantilevered to overlook Chapel Street, along with a spa, steam room, sauna, and fully equipped gymnasium.

[smartcode_project_cta:default project_id=600]

The ready-to-move-in project has been crafted with attention to detail and original materials, with architects Bird de la Couer infusing international design DNA into every facet of the development

661 Chapel Street offers ready-to-move-in apartments in South Yarra

Nestled on the periphery of the renowned Royal Botanic Gardens, a limited collection of homes are set to emerge.

Four residential collections will be constructed —Thirty Anderson, Kurneh Place, Martin House, and Garden Lane — designed in collaboration between well-known architect Rob Mills in collaboration with architecture firm Powell &amp; Glenn.

Powell &amp; Glenn Architects, renowned for their innovative approach to design, said they've created something truly unique, the likes of which doesn't exist anywhere else in Melbourne, or even the world.

[smartcode_project:default project_id=4658 project_image_fid=54442]

The essence of the project lies in its ability to harmonise with the environment, with the homes offered a direct link to the gardens.&nbsp;

Mills said the work stems from the land.

"If you seek a mindful existence, you need that direct connection with nature."

From expansive windows that frame the garden vistas to luxurious interiors that exude sophistication, the homes have been created to provide a sense of serenity and calm.

Envisioned as private sanctuaries, the 17 homes are cocooned within nature's embrace, with landscape architect Jack Merlo transforming the surroundings into a verdant paradise, with abundant greenery, curated gardens, and a thoughtful integration of natural elements seamlessly blending between indoor and outdoor spaces.

[smartcode_project:default project_id=4658 project_image_fid=54445]

Beyond the gardens, the riverside pocket of the city offers a vibrant and dynamic lifestyle, with the Royal Botanic Gardens as the backdrop, while the Yarra River is just a stone's throw away.

There's only a limited collection of three-bedroom floorplans remaining, each offering three bathrooms and either two or three car spaces.&nbsp;

Construction is underway with prices beginning from&nbsp;$4.65 million, topping out at&nbsp;$8.19 million.&nbsp;

[smartcode_project_cta:default project_id=4658]

"Doesn't exist anywhere in the world": The Botanic Collection delivers homes on the edge of the Royal Botanic Gardens

In the 1850's, the Victorian gold rush sparked a population boom and the expansion of Melbourne.

Among the areas that flourished during the time was the elevated and sought-after district now fondly known as Hotham Hill in North Melbourne.

Now development group Mainstone are set to imbue their history into the heritage suburb, with the&nbsp;Beaconsfield family-led group holding their own&nbsp;long-standing roots within Melbourne.&nbsp;

[smartcode_project:default project_id=112765 project_image_fid=200559]

Howard Beaconsfield commenced the building, development and investment business over six decades ago, with Mainstone now under the management of David and Michael Beaconsfield.&nbsp;

Their latest project, named Hotham Hill after the location,&nbsp;will bring a boutique, architecturally-driven block of just 10 residences to the wide, tree-lined Curran Street.

Crafted by the acclaimed MGS Architects, each residence, with a sustainable biophilic design, pays homage to North Melbourne's residential fabric.

Asymmetrical rooftops pay tribute to the surrounding heritage homes, while classic, durable materials strike a balance between timeless design and contemporary innovation. Expansive glazing and spacious floor plans give residents a feeling of boundless space and individuality.

[smartcode_project:default project_id=112765 project_image_fid=200557]

The interiors are light-filled, following an open plan design that effortlessly merges the indoors with the outdoors, with generously proportioned balconies and terraces adjoining each.&nbsp;

The kitchens are positioned as the heart of the homes, featuring bespoke cabinetry, natural Carrara marble benchtops and splashbacks, luxury Miele appliances, and designer tapware.

Abundant storage for kitchenware is provided by custom joinery, while entertainers will appreciate the generous island bench and butler's enclave, in addition to the various customisation options on offer, including bespoke bars, appliances, and joinery.

[smartcode_project:default project_id=112765 project_image_fid=200558]

Beyond their aesthetic appeal, Hotham Hill residences are dedicated to sustainability.

Boasting an average energy rating of 7 stars, the homes consume 80 per cent less energy than a typical uninsulated house built in 1990, while dual aspects are provided across all two and three-bedroom residences, promoting cross ventilation.&nbsp;

Hotham Hill is under construction and is forecast to be completed by the end of 2024.

[smartcode_project_cta:default project_id=112765]

Crafted by the acclaimed MGS Architects, each residence, with a sustainable biophilic design, pays homage to North Melbourne's residential fabric

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