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

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

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

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

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

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

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

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

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

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

Melbourne off the plan apartments

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]

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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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