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

Local Melbourne developer Cornus is taking the environmentally-conscious approach to their build at Cornus Oakleigh.

During the building process, Cornus will recycle their waste material and use low VOC building materials including sustainable timber.

Cornus Oakleigh will have a 6-star energy rating. It will feature a high-level of&nbsp;insulation in the walls and windows, as well as double glazing windows, which will not only act as a soundproof barrier, but will also provide a cost efficient way to minimise the need for heating and cooling.&nbsp;

Floor to ceiling windows will enhance natural ventilation and natural light,&nbsp;while the landscape design of the site utilises drought resistant planting along with smart sensors throughout the common areas, to minimise the building’s energy use.&nbsp;

[smartcode_project:default project_id=104750 project_image_fid=208038]

&nbsp;

Cornus Oakleigh also draws design inspiration from the vibrant atmosphere that characterises Oakleigh.

The apartments will be overlooking Caloola reserve and are only metres away from the Oakleigh Tennis Courts and Scotchmans Creek Reserve.

[smartcode_project:default project_id=104750 project_image_fid=185066]

Located within close proximity to the community's best offerings, residents will enjoy the convenience of being near one of Melbourne's largest public transport hubs, ensuring easy access to the city and beyond. Additionally, the Monash Freeway and Dandenong Highway are just a two-minute drive away, further enhancing connectivity.

Oakleigh's rich cultural heritage, rooted in its multiculturalism, adds to the allure of the area. With Cornus Oakleigh situated in the heart of the suburb, residents will be just moments from Eaton Mall, known as Melbourne's Greek capital, which is home to a diverse shopping and dining experience.

There are still one, two and three-bedroom apartments remaining, with prices for a one-bedder starting from $449,000.

The two-bedroom apartments start from&nbsp;$599,000, while the three-bedders include two car spaces, with prices from&nbsp;$765,000.&nbsp;

[smartcode_project_cta:default project_id=104750]

During the building process, Cornus will recycle their waste material and use low VOC building materials including sustainable timber

alisonwarters@gmail.com

Cornus to build sustainably at Cornus Oakleigh

Around a decade ago there were some early signs the buoyant overseas property investor market was starting to cool.

That prompted Tim Campbell, former Lendlease development director, and Stuart Kacir, a former Lendlease development manager, to team up and create their own development firm, with the sole focus to create beautiful and functional apartments for the local owner-occupier.

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs. Testament to their founding vision they have only sold one residence to an investor

"We wanted to pivot away from the high density towers Lendlease is known for and create something which catered for a completely different market," Campbell and Kacir told me in a recent interview with Urban.

"We started specifically targeting local downsizers with higher end apartments, a type of product that wasn't familiar with the more traditional, blue-chip suburbs across Melbourne."

Their first project was back in 2017, when they built nine townhomes in Brighton East.

Now, without admitting it, they have a bit of a following. That's been showcased in their most recent apartment development, The Walton in Kew, which is competing with a number of similar off the plan projects in the area targeting downsizers.

They've only been on the market for a few months and they've already sold over 50 per cent off the plan.

[smartcode_project:default project_id=135736 project_image_fid=208613]

Construction is set to kick off on the Walpole Street site in June, after the team achieved construction funding from Australian Unity.

While over the years they've have seen personalisation of apartments, Campbell and Kacir said they've never seen so much customisation than they have in The Walton.

"It's not a case that buyers want to change the product," Campbell says, adding that they just want some features in particular upgraded.

"Some buyers have opted to remove a bedroom and turn a three-bedroom apartment into a two-bedroom to provide a second living space, but most asking for bespoke joinery, fireplaces, custom appliances, underfloor heating and even spa to the top floor terrace.”

“Given the market we are in, our main demographic tends to be couples who are downsizing from their family home of two or three decades, and there's some things they have always had, and want to continue to have.”

[smartcode_project:default project_id=135736 project_image_fid=208617]

Electric car charging infrastructure in basements has been a popular addition for buyers in The Walton.

"They openly admit that they have no intention of owning an electric car, nor do they think they'll ever own one in their lifetime," Campbell says.

"They're just future proofing the apartment for generations to come, while also charging motorized golf carts."

Campbell and Kacir said Melbourne councils are now finally starting to require the inclusion of electric car charging as standard in new apartment developments. Coming with it will come a change in design mandate in basement garaging. Fire safety protocols will mean developers will likely have to create two points of entry and exit to a basement garage, given the heightened risk of fire associated with batteries.

[smartcode_project:default project_id=135736 project_image_fid=208615]

Carpe are a very much design-focused developer, which is evident across the portfolio of under construction and completed projects.

"A lot of the job of developing is compliance and number crunching," Kacir says.

"When it comes to the architecture, that's something you can really get excited about, and ultimately it's how we see the finished product, so we like to make sure the architecture is something we can look back at and be proud of."

The team that created The Walton, Warren &amp; Mahoney and John Patrick Landscape Architects, created Carpe's under construction Eaglemont project, Eaglemont Residences, which only has two apartments remaining.

[smartcode_project:default project_id=109113 project_image_fid=191204]

A bonus of the market Carpe develop in was that the nature of the business meant they navigated COVID relatively unscathed. Of course build costs have gone up, but ultimately their target market, downsizers, saw the price of their homes skyrocket, some areas jumping over 40 per cent in around 18 months.

Sales continued through the lockdown period, as did construction, and now Carpe is in a position to take advantage of the lack of demand for development sites.

They have recently secured new development sites in Sandringham, Hampton, and another in Boroondara.&nbsp;

"We look at the long term for our buyers when we're securing a site," Kacir says.

" Our niche is boutique projects in sought-after suburbs. When we find the right site, we know the apartments we build there will be in high demand, because they'll be something rare, something you can't often find anywhere else in the suburb."

The three new projects will bring around 75 apartments and approximately $190 million end value to Carpe's pipeline, with another few sites also currently in the crosshairs

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs

How a property market shift triggered the founding of Carpe Group

Boxshall, the latest residential collaboration by Jacmax, brings together a renowned international team to create 15 apartments in the heart of Brighton.

Positioned within the prestigious Middle Crescent residential precinct, Boxshall is located across from a verdant park and the historic Town Hall, with the tree-lined neighbourhood epitomising&nbsp;the coveted Brighton lifestyle.

[smartcode_project:default project_id=114239 project_image_fid=207903]

Presenting as the final opportunity to own an apartment in the Piet Boon-designed development, the last remaining park-facing apartments include a range of three-bedroom floorplans.

The Dutch interior designers collaborated with local architects, Cera Stribley and landscape designers, Myles Baldwin in their first Australian project, which fuses European architecture with the character of Bayside.&nbsp;

The apartments come with spacious living areas, in addition to oversized balconies, which take in park views.

Each apartment has also been designed to maximise natural light and ventilation.

[smartcode_project:default project_id=114239 project_image_fid=207914]

Residents will enjoy the best of both worlds, with the bustling village atmosphere of Church Street just a short walk away, while the calming oceanside is also nearby.&nbsp;

The location also provides easy access to some of the city's best schools, shopping centres, and medical facilities.

[smartcode_project_cta:default project_id=114239]

Presenting as the final opportunity to own an apartment in the Piet Boon-designed development, the last remaining park-facing apartments include a range of three-bedroom floorplans

Final release of park facing apartments on offer at Boxshall, Brighton

Developer Kervale has seen a strong uptake in both of their off the plan, under construction apartment developments in Bayside Brighton.

They've achieved the milestone 50 per cent sold status at their ESSENCE project, the $25 million worth of sales primarily driven by rightsizers, and their more affordable project Mode de Vie.

Both projects are currently under construction, with neither requiring a set amount of pre-sales due to Kervale being a privately-funded developer.

Kervale Managing Director Rob Moolman says the ability to see the project out of the ground and that it isn’t a waiting game has been a key deciding factor for some buyers.

“Confidence is everything in this market and buyers are hesitant to buy off the plan if they don’t know who is building their future home, or what the timeline looks like," Moolman says.

"Buyers want the confidence that their home will be delivered as promised and this is becoming more evident in the current economic climate.”

[smartcode_project:default project_id=138200 project_image_fid=212011]

Mode de Vie,&nbsp;located in and around Brighton's bustling community and shopping streets,&nbsp;offers a more affordable entry into the Brighton market compared to both ESSENCE and other competing Brighton apartment developments.

There's extensive customisation opportunity at Mode de Vie, something which Moolan says is very rare.

“We believe that it is very rare to find an apartment where you can customise a residence to such an extent, at such an attainable price point, with such a strong environmental focus,” Moolan says.

There are a number of energy efficient features at Mode de Vie, including&nbsp;electric vehicle chargers, solar panels and a battery backup pack, which will lead to significant savings for the purchaser in the long term, and allow owners to charge their EV vehicles from solar power.

On the other end of the spectrum, the penthouse within ESSENCE is one of the suburb’s most expensive apartment sales to date, selling for $10.2 million to someone currently living in Hawthorn.

[smartcode_project:default project_id=112893 project_image_fid=204997]

“Even with the increased price tag, the people buying in ESSENCE are also looking for a connection to a thriving shopping strip, communal amenities that enhance their apartment living, and spaces that enable them to express themselves," Moolman added.

"We have two very unique projects on either end of the price scale and both are doing exceptionally well in the current market."

ESSENCE is due for completion in late 2023 and Mode De Vie is due for completion in the second half of 2024.

Both projects are currently under construction, with neither requiring a set amount of pre-sales due to Kervale being a privately-funded developer

Kervale secure 50% of sales at both Brighton apartment projects

Elwood, Melbourne's upscale beachside suburb, is set to receive a luxurious addition to its already impressive skyline with the upcoming completion of Como, an exclusive series of only 10 apartments and 2 penthouses.

Holistic architecture and construction practice, mckimm, are behind the development, which will deliver a collection of two and three-bedroom floorplans, with state-of-the-art finishes, fixtures and fittings, along with secure parking and storage areas.&nbsp;

[smartcode_project:default project_id=28781 project_image_fid=78644]

Como features an exclusive series of only 10 apartments and two penthouses, designed by the group's in-house architecture team, with the first crop of residents expected to move in by the third quarter of this year.&nbsp;

Each apartment features floor-to-ceiling windows that frame the treetops and foster a connection between the built and natural environment, with the living spaces both light-filled and inviting.

Top-of-the-line appliances will be kitted out in each of the homes, paired with high-quality flooring and designer fixtures that are both stylish and functional.&nbsp;

For those who work from home or require a quiet space to study, Como apartments also offer a separate study area in the floorplans.&nbsp;

[smartcode_project:default project_id=28781 project_image_fid=78640]

While The Como offers a level of privacy and exclusivity that is hard to find in Elwood, it is still conveniently located just nine kilometres from the CBD. This means that residents can easily access the city's business and cultural offerings, while still enjoying the relaxed beachside lifestyle that Elwood is known for.&nbsp;

The Tiuna Grove location puts Como residents between the Ormond Road retail precinct and Elwood Beach.

Prices for the remaining Como apartments start from $1.95 million.&nbsp;

[smartcode_project_cta:default project_id=28781]

Como features an exclusive series of only 10 apartments and two penthouses, designed by the group's in-house architecture team

Mckimm's Elwood apartments set for July completion

It’s quite rare to be able to buy into a completed and ready-to-move-in residential development in the heart of Melbourne, much less one that spans an entire inner-city block.&nbsp;

But buyers can still find a home in OSK Property’s Southbank development, Melbourne Square, which comprises two towers; the East and West Tower, along with a curated selection of retail, dining and amenity offerings.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=200839]

The design, by Cox Architecture, focussed on creating a community where every resident’s needs could be met within a short walk, with Southbank home to some of Melbourne’s most dynamic activity zones, including the arts precinct, the Yarra River, a number of sporting venues and open green spaces.&nbsp;

Two and three-bedroom floorplans can still be purchased in the development, with prices starting from $759,300 for a two-bed, two-bath apartment that spans 68 sqm.

Each apartment features a timeless design, with the interior curated in a joint venture by Carr Interior Design and Coco Republic. &nbsp;

The three-bed offerings are the only apartments to include a car space, which is quite a beneficial feature for an inner-city development, where parking can often be hard to find.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=201019]

A range of luxury penthouse apartments are also on offer, with the three-bed floorplans covering an expansive 192 sqm for just over $3.6 million. These residents will also benefit from a 25-metre pool, a gym and associated spa deck, which is only accessible to premium apartment buyers that are situated from level 54 and up, with the exclusive Sky Club rounding out the luxe offerings.&nbsp;

A communal podium is located on level eight in Melbourne Square, expanding further on the curated amenity within the development. Spread across two floors of both towers, the area features a 50-metre pool, along with an expansive park, a gym, seating and lounge options, as well as several dining spaces.&nbsp;

Over 6000 sqm of public space has also been included across the ground floor, 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_cta:default project_id=2929]

Each apartment features a timeless design, with the interior curated in a joint venture by Carr Interior Design and Coco Republic

Limited opportunities remain at Southbank's completed Melbourne Square apartment development

Capital city rents are being pushed higher and higher due to a huge imbalance between supply and demand, which is forecast to continue, particularly across Melbourne where the metrics point to a huge undersupply of apartments looking ahead.

CoreLogic’s monthly&nbsp;Australian Unit Market Update in April shows&nbsp;growth across capital city unit rents (+1.6 per cent) continues to outpace house rents (+0.9 per cent).

That's seeing investors come back into the market, securing rental yields they've not seen in decades. The rental dilemma has&nbsp;put recently completed apartment developments at the forefront of enquiry.

Investors&nbsp;can start receiving rental income straight away, while also securing depreciation benefits on their investment.

Completed developments are also looked on favourably by first home buyers, many of whom have seen their rent increase significantly over the past 12 months.&nbsp;

We've wrapped up a list of the best ready-to-move-in apartments currently selling across Melbourne.

This article follows on from <a href="/news/vic/the-best-completed-melbourne-apartments-selling-in-may-2023-part-i">Part I:&nbsp;The best completed Melbourne apartments selling in May 2023</a>

<h2>448 Brighton</h2>

In Melbourne's highly sought-after bayside locale, a new gem has emerged, gracing the prestigious suburb of Brighton. Completed in 2021, 448 Brighton has swiftly established itself as a coveted addition to the neighbourhood.

A team of experts in their own right came together for the development, led by Sunkin, who collaborated with renowned architects SJB and landscape architect Jack Merlo, crafting a design that seamlessly harmonises with the breathtaking surroundings.

[smartcode_project:default project_id=31946 project_image_fid=212460]

448 Brighton caters to the discerning needs of homeowners and individuals seeking to downsize. The apartments offer floorplans that generously accommodate various lifestyles, ranging from a comfortable 111 sqm to an expansive 693 sqm.

Every facet of the interior has been painstakingly fashioned to evoke a sense of artistic beauty. From the meticulously selected timber floors to the impeccably sculpted natural marble stone benchtops, every detail has been thoughtfully considered to create an ambiance that radiates refinement and elegance within the walls of 448 Brighton.

[smartcode_project:default project_id=31946 project_image_fid=212465]

While demand has been high, a selection of two and three-bedroom apartments still remain available in this development. Additionally, three and four-bedroom penthouses offer an elevated living experience.&nbsp;

<h2>Ovation Footscray</h2>

Ovation Footscray started welcoming it's first residents just last year.&nbsp;

Located in the heart of the suburb, Ovation reaps all the benefits of inner-city living, maintaining proximity to public transport, schools, dining and recreational amenity, while still feeling like its own set place.

[smartcode_project:default project_id=5490 project_image_fid=78490]

Locals Keystone Property Group are the developers behind Ovation, which comprises 131 residences with a mix of two and three-bedders remaining.&nbsp;

Keystone are no strangers to the burgeoning Footscray area, with the developers boasting a string of already sold out projects, including, The Buckley and Victoria Corner.

Kavellaris Urban Design (KUD) handled the design of Ovation, with owner Billy Kavellaris saying the vision was to honour Footscray’s unique architectural character, while still establishing a new level of design ingenuity for the area.

[smartcode_project:default project_id=5490 project_image_fid=78492]

The building’s form is bold in its depiction of recessed voids, unique shapes and protrusions, with a layer of greenery added through the landscape design which is integrated tactfully into the recesses on the façade, juxtaposing the building’s built form with lush, natural beauty.

The interiors of Ovation are also very much defined by what exists outside of the apartments, with full height windows inviting in ample sunlight and stunning views of the city skyline and surrounding streetscapes.

<h2>HOME</h2>

Perched at the commanding intersection of Heidelberg Road and Chandler Highway in Alphington, a new architectural marvel named HOME claims the highest vantage point within the Alphington Paper Mill Development.

This extraordinary building boasts sleek lines and a daring design, solidifying its status as a true landmark. The brick podium pays homage to the site's industrial legacy, while the gracefully curved glazed tower showcases the cutting edge of contemporary architecture.

[smartcode_project:default project_id=24441 project_image_fid=167640]

The exterior materials selected for HOME are both raw and timeless, creating a captivating blend of brick, concrete, timber, metal, and glass. These elements come together in an artful composition, unveiling expansive interiors that exude a sense of boundless space—a quality that is abundantly found within HOME.

Nestled amidst a leafy riverside environment, merely 6.5 kilometres northeast of the city, HOME encompasses 16 stories, housing a collection of terrace homes, sky homes, and apartments.

[smartcode_project:default project_id=24441 project_image_fid=167645]

The one-bedroom apartments at HOME have proven to be highly sought after, with all units in this category already sold. However, a limited number of two and three-bedroom residences still remain available, providing an opportunity for prospective buyers to secure their dream abode.

The design of the apartments was a collaborative effort between renowned firm Cera Stribley. Each of the 326 apartments at HOME boasts spacious floorplans and an abundance of natural light, offering residents an inviting and luminous living environment

<h2>Rise</h2>

Rise is the latest and final addition to the Mason Square precinct in Moonee Ponds.

Rising 29 floors and comprising just under 300 apartments, Rise boasts uninterrupted city views from the floor-to-ceiling windows, as well as plentiful amenity.

[smartcode_project:default project_id=5328 project_image_fid=164752]

On the top eight levels of Rise, Skyhomes are penthouse-style two and three-bedroom apartments with open plan living areas that open onto large balconies.

The Skyhomes have been designed to maximise space and the views from Melbourne’s north, as well as benefiting from exclusive facilities.&nbsp;

[smartcode_project:default project_id=5328 project_image_fid=164753]

Two and three-bedders can still be purchased in the development, with prices starting from&nbsp;$681,500.

<h2>Sierra</h2>

The Sierra Apartments in Hawthorn have emerged as a standout player in the real estate market, captivating buyers with their distinctive 'S' shape and meticulous design.

JD Group, renowned for their developments in Melbourne's most coveted neighborhoods, turned their attention to the heritage suburb, offering a diverse range of residential options within Sierra. Prospective residents can choose from one, two, three, and four-bedroom apartments, as well as a collection of terrace homes.

[smartcode_project:default project_id=94104 project_image_fid=175611]

What sets the Sierra Apartments apart is their bold architectural statement, which goes beyond mere aesthetics to create an extraordinary sense of space. The 'S' shape of the building not only makes a visual impact but also fosters an engaging retail experience on the vibrant Burwood Road. Residents are privileged to have retail conveniences right at their doorstep, enhancing their daily lives.

Adding to the allure of Sierra, two expansive landscaped courtyards are nestled within the curves of the building. These thoughtfully designed outdoor spaces not only enhance the visual appeal but also serve as serene havens for residents to relax and find solace amidst the hustle and bustle of the city.

[smartcode_project:default project_id=94104 project_image_fid=175603]

Internally, Sierra's apartments boast floor-to-ceiling windows that bathe the interiors in an abundance of natural light, accentuating the contrasting elements of dark wood and high-quality stone that grace the open-plan living spaces.

For those seeking spacious living across two levels, Sierra offers an impressive collection of dual-story terrace homes. Positioned at the heart of the 'S' structure, these homes enjoy a privileged location with delightful leafy outlooks at every turn, as they are seamlessly integrated with the surrounding courtyards.

<h2>Toorak Park</h2>

Toorak, known as one of Melbourne's most prestigious suburb, has always maintained its status as the epitome of blue-chip living.

When it comes to new apartment developments in Toorak, the price point generally starts at a staggering $2 million, targeting local downsizers or those seeking a downsizing move from other affluent neighboring suburbs.

[smartcode_project:default project_id=377 project_image_fid=33599]

With over 60 percent of Toorak's population consisting of families, according to the latest census, opportunities to secure new or near-new apartments in the area have been scarce, making the latest offering a rare and highly sought-after proposition for those aspiring to enter the exclusive Toorak market.

Toorak Park, a remarkable $500 million masterplanned project, has presented a mix of one, two, three, and four-bedroom apartments to cater to discerning buyers. Developed by the prominent ASX-listed development giant, Lendlease, this expansive 2.5-hectare project takes its name from its strategic location behind the serene and leafy Toorak Park.

[smartcode_project:default project_id=377 project_image_fid=211682]

The collaboration between Denton Corker Marshall and Carr Design Group has resulted in a remarkable 16-building project, exquisitely designed to blend seamlessly with its surroundings. The extensive landscaping, crafted by Tract, encompasses a third of the development, providing a harmonious blend of green spaces and communal areas. Among these features is a bluestone plaza that houses a convenience store and a café, providing residents with convenient amenities within easy reach.&nbsp;

Residents of Toorak Park can also indulge in an array of residential amenity, including a swimming pool and a state-of-the-art gym.

<h2>Yarra One</h2>

EcoWorld, a prominent global property developer, has made a notable addition to its impressive international portfolio with the completion of Yarra One, their luxury apartment development in South Yarra.

Yarra One embodies the signature themes found in other successful EcoWorld projects, emphasising liveability and a desirable lifestyle. Situated in the esteemed Forest Hill area of South Yarra, this development on Claremont Street marks the final touch to this exclusive pocket of the neighbourhood. The design of Yarra One's 250 residences was entrusted to Fender Katsalidis, the renowned international design firm known for its multidisciplinary expertise.

[smartcode_project:default project_id=3127 project_image_fid=181268]

Rising 27 stories high, the tower offers a diverse range of living options, including one, two, and three-bedroom apartments, as well as a selection of exquisite penthouses. The floor plans range from 56 sqm to a generous 109 sqm, accommodating various preferences and needs.

The strategic location of Yarra One's atrium, positioned between the South Yarra train station and bustling Chapel Street, positions it as a focal point and a vibrant hub for residents and the local community. The tower's façade and slender linear design seamlessly integrate with the architectural language of the surrounding towers, creating a harmonious visual cohesion.

[smartcode_project:default project_id=3127 project_image_fid=181270]

Homebuyers at Yarra One can indulge in an array of impressive amenities designed to enhance their living experience. These include a residents' dining room, a wine cellar, and a rooftop terrace with barbecue facilities. Fitness enthusiasts can take advantage of the gym and yoga room, while relaxation awaits in the outdoor spa, sauna, and steam room. Additional convenient features include a pet wash area and Tesla car share services.

CoreLogic’s monthly Australian Unit Market Update in April shows growth across capital city unit rents (+1.6 per cent) continues to outpace house rents (+0.9 per cent)

The best completed Melbourne apartments selling in May 2023: Part II

A collection of fully-furnished apartments in Fifty Two Black, the recently completed Brighton apartment development by luxury developer PB&amp;CO., are set to hit the market.

The fully-furnished Residence Two, spanning 452 sqm, and the 490 sqm penthouse, will be the apartments up for sale. The penthouse would achieve a record price per sqm for Brighton if it sells at it's $10 million price tag.

Residence Two is being pitched to investors as a high-yielding, short-stay letting opportunity, with expectations it could rent for $5,500 a night on a holiday letting service.

The weekly rent is estimated at $8,500 per week on a 12 month lease, which would be&nbsp;930 per cent more than Brighton’s current average apartment rental price.

[smartcode_project:default project_id=106713 project_image_fid=213834]

With interiors designed by internationally acclaimed New York designer Meg Sharpe and architecture led by Australia’s renowned architectural practice, Nicholas Day Architects and New York’s award- winning Gregory Tuck, the design of Fifty Two Black is inspired by the relaxed elegance of its prestigious bayside location.

In an exclusive collaboration between PB&amp;Co. and the world’s leading luxury home furnishings purveyor, RH Contract (formerly Restoration Hardware), Fifty Two Black is the first residential collection in Australia to be exclusively styled with soft furnishings, fittings and fixtures exclusively from RH Contract, and curated by Meg Sharpe.

Every piece of furniture, art, the bed linen, even the soap dispensers in the bathrooms, is from the RH collection. Notable fixtures include a Costera leather sofa designed by American Jason Chauncey, a hand woven, 100 per cent silk pile rug and a 60 inch Art Deco chandelier from renowned lighting designer Ian K. Fowler.

[smartcode_project:default project_id=106713 project_image_fid=213833]

Fifty Two Black is the newest elite residential and lifestyle destination with bespoke furnishings by the inimitable RH. The collaboration grants entry into an aspirational world of elevated luxury experiences, with pieces from world-renowned artisans that are anchored in style and superior craftmanship. The bespoke styled interiors with RH furnishings come together beautifully, elevating each carefully sculpted residence at Fifty Two Black.

With over $3 million invested in bespoke interiors and furnishings across all five residences, and over $1 million worth of imported marble, the decadent Fifty Two Black is set to transform Australia’s luxury residential market, with even the bathrobes and slippers included for the duration of a tenant’s or purchaser’s stay.

Residences at Fifty Two Black range from 293sqm – 490sqm in total, and each is fitted with three bedrooms, three bathrooms, two living areas, three or four car spaces and generous terraces that offer sweeping views afforded by the luxury bayside address.

[smartcode_project:default project_id=106713 project_image_fid=213835]

Michael Pesochinsky, president of PB&amp;Co., said the team is proud to bring this world-class offering to Melbourne, speaking to the new levels of luxury the decadent residences will bring to market, providing Melbourne’s elite with access to a living experience reminiscent of a world class hotel.

“At Fifty Two Black, we are welcoming guests into a fully immersive residential and lifestyle experience that is unlike anything else in Australia,"&nbsp;Pesochinsky said.

“PB&amp;Co.’s brand vision is, and always has been, to facilitate effortless luxury and elevated experiences for our residents. At Fifty Two Black, we believe we have delivered a world-class project that will change how the Australian property market looks at real estate.

“The model blends the service and detail of a hotel, down to the bathrobes, stocked linen and even the crockery, all awaiting our clients’ arrival, with the design and quality of a global standard of residential property design.

“From the moment our residents arrive, Fifty Two Black is an immersive experience, captivating its visitors in a world of heightened grandeur and elegance that is defined by the hand-selected luxury detail afforded by the exquisite RH Contract furnishings.

“ Each residence has been finished to the highest quality, creating a new standard for the premium leasing and residential sales market. Bespoke elements have been carefully considered to create a luxury experience, from the custom mosaic flooring imported and laid by artisans, to the floor to ceiling marble panelled bathrooms, no detail has been spared.”

“Melbourne’s elite will be able to step into the curated world of New York based interior designer Meg Sharpe and RH Contract, and experience the uncompromising luxury that has been curated by our world class team,” he said.

[smartcode_project_cta:default project_id=106713]

Michael Pesochinsky, president of PB&Co., said the team is proud to bring this world-class offering to Melbourne




Fifty Two Black apartments in Brighton to break records

Nestled within a picturesque street of Camberwell, Melegant Group's townhouse development Halcyon Lane epitomises the essence of connection and community.

The residential project not only provides a harmonious link between its residences, but also seamlessly integrates with the surrounding neighbourhood.

Surrounded by a lush green oasis, each townhouse within Halcyon Lane possesses the distinctive character and unique features of an architect-designed house, all within the context of high-end modern living.

[smartcode_project:default project_id=100672 project_image_fid=162084]

The architecture of Halcyon Lane is credited to Bruce Henderson Architects, with private gardens complementing the homes, crafted by the renowned John Patrick Landscape Architects.&nbsp;

The interiors of each townhouse have been carefully curated to exude opulence, with luxurious features such as V-Zug appliances, a Liebherr refrigerator, and natural stone benchtops that serve as focal points in the kitchen.

Unique touches such as feature glass and leather-wrapped handles add a touch of sophistication, while floor-to-ceiling windows invite an abundance of natural light into each of the living spaces, which are complete with a gas fireplace and an elm timber feature.&nbsp;

Concealed, ducted heating and cooling systems ensure the perfect temperature is maintained year-round, while the choice of timber flooring or plush carpeting in the bedrooms provides a personalised touch, complete with built-in dressing tables and wardrobe doors that serve as design elements.&nbsp;

To enhance the luxurious living experience, residents have the option to include a Zip tap, providing instant access to filtered drinking water, and even a private lift in select townhouses.

[smartcode_project:default project_id=100672 project_image_fid=162079]

The townhouses within Halcyon Lane come in a variety of layouts, catering to different lifestyles. From flexible, multi-story three-bedroom designs to spacious four-bedroom residences, each home offers multiple living zones and outdoor spaces.

Some of the select townhouses also feature additional amenities such as a study, a secondary living room on the top level, a rumpus or cinema room on the basement level, and a balcony, further expanding the living space within the homes.&nbsp;

Each townhouse also boasts a private, double basement garage, providing ample space for parking and storage, while a separate laundry room on the basement level adds another layer of convenience.

[smartcode_project_cta:default project_id=100672]

The residential project not only provides a harmonious link between its residences, but also seamlessly integrates with the surrounding neighbourhood

Halcyon Lane: Where luxury and community converge in the leafy Camberwell

The $36 million townhouse development in Wallan, Neo at Newbridge, has finalised funding as stage five of construction completes, with Banner Asset Management funding the 71 three and four-bedroom residences through a first mortgage development facility.&nbsp;

Banner Asset Management’s funding commenced in 2020 and has delivered strategically towards the development of Melbourne’s northern growth corridor.

Resimax Group are delivering the project in collaboration with Tick Homes, with the duo already securing a number of sales in the project that forms part of the masterplanned Newbridge estate.&nbsp;

<img alt="Render inside one of the Neo at Newbridge townhouses" data-entity-type="file" data-entity-uuid="9e61f366-d92f-41f3-9ade-2c11f8434da9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEO-NEW-BRIDGE-Living-FINAL_JAM3D.jpg?VersionId=cmmza5vwSyAnDKT.zbuhF1AZOhjA6BbU" />Render inside one of the Neo at Newbridge townhouses. Image supplied.

The number of pre sales, coupled with the popularity of this up-and-coming area, provide solid investment returns. At the commencement of funding, over 20 per cent of lots were sold.

Partnering with reliable builders and developers has assured a smooth, efficient process that helps to address the ongoing housing crisis and the demand for urban, community living outside of metropolitan areas.

Nicholas Lakin, Chief Lending Officer at Banner Asset Management, said rural populations are increasing in number, and there is a particular demand for affordable urban living beyond the CBD.

"We're seeing many investors take advantage of these strategic opportunities to buy multiple properties in master-planned communities,” Lakin said.

Spanning six stages, the project will deliver single and double-storey townhouses with high-quality, modern finishes.

Each home has at least a six-star energy rating and comes complete with high quality finishes, ensuring that the townhouses are ready to move into, which makes them an ideal residence for first-time home buyers, downsizers, and families.

Just a short walk from Wallan train station, the townhouses are a 40-minute commute from central Melbourne, while the project is also located near respected schools and sports facilities.

<img alt="Render of one of the Neo at Newbridge townhouses" data-entity-type="file" data-entity-uuid="bda4465c-c332-4bfa-b687-29647fb619b3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEO-NEW-BRIDGE-Balcony-FINAL_JAM3D.jpg?VersionId=gQaxzJFUNCwnxtK175VLnUwtqMuXcCMH" />Render of one of the Neo at Newbridge townhouses. Image supplied.

“This has been a smooth, high-quality process from start to finish. Working in partnership with Resimax Group and Tick Homes has made for an efficient and profitable build, and I expect Neo at Newbridge to have a tremendous impact on the Wallan community,” Lakin added.&nbsp;

Gareth Jones, State Development Manager at Resimax Group, said the high number of pre sales and quick settlements reflect the huge demand for properties in master planned communities.

“Working alongside Banner Asset Management, and our effective relationship with Tick Homes as our building partner, has ensured a rewarding outcome. Residents can now enjoy the properties for generations,” Jones said.&nbsp;

Banner Asset Management’s funding commenced in 2020 and has delivered strategically towards the development of Melbourne’s northern growth corridor

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