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 townhouses

"It was all about the location."

That was the view of Adam Sloane, founder of <a href="/developers/sloane-property">Sloane Property</a>, when discussing his Brighton townhouse development, 111 Carpenter.

"I knew <a href="/new-townhouses/111-carpenter-brighton-111-carpenter-street-brighton">111 Carpenter</a> was a fantastic, central site for a townhouse project based on the tree-lined streets, shops, schools, and transport which are all at your door," Sloane added.

"It is the ideal spot to base your family and explore all that Bayside has to offer."

Sloane highlighted Brighton's exceptional lifestyle offerings.

"There’s the beach, the parks, the café culture, cinemas, retail… it has it all."

[smartcode_project:default project_id=7517 project_image_fid=214118]

<a href="/developments/brighton-vic-3186">Brighton</a> is known for its vibrant beachside lifestyle, featuring iconic beach boxes, panoramic views of the city skyline and Port Phillip Bay, and a range of outdoor activities.

Future residents of the boutique collection of seven three and four-bedroom townhouses will be a quick five-minute drive from a swim at Brighton Beach, or a sail and casual meal from the restaurant and bar at Royal Brighton Yacht Club.

The suburb also offers numerous green spaces, perfect for family-friendly activities and outdoor fun within walking distance.

Wilson Reserve, with a playground, lawned playing field and the Brighton Recreation Centre, is a 12-minute walk. Opposite Wilson Reserve is the Crowther Oval, across from Brighton Grammar School.

[smartcode_project:default project_id=7517 project_image_fid=218198]

Brighton’s dining scene features modern gastropubs, elegant Italian eateries, artisanal gelati, and high-end dining options, along with a plethora of local cafes.

Residents of 111 Carpenter will be just a four-minute walk from Bay Street, home to a variety of shops, restaurants, and cafes, including popular spots like Mr &amp; Mrs P, Vivace, Hecho en Mexico, and Rocksalt Cafe and Restaurant.

111 Carpenter is also located within the catchment area of some of Brighton’s top schools, making it an even more ideal option for family buyers.

Aside from Brighton Grammar School, 111 Carpenter is only within 800 metres from Brighton Primary School, Firbank Grammar School, St James' School, and Gardenvale Primary School.

Sloane had go-to architectural partner Chris <a href="/architects/megowan-architectural">Megowan</a> design 111 Carpenter.&nbsp;All seven townhouses are north-facing, and some feature a master bedroom on the third level which overlooks neighbouring rooftops.

[smartcode_project:default project_id=7517 project_image_fid=222382]

“It’s rare to find a development in Melbourne where every dwelling has an ideal orientation and access to at least two exposures for ventilation," Chris Megowan, a Brighton local, said.

Each townhouse has either three or four bedrooms across two or three levels with private landscaped gardens by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.&nbsp;Each home also offers double lock up garages with internal private access.

Sloane has gone with long-time collaborator and award-winning architectural practice Megowan to design 111 Carpenter.

Award-winning builder Virgon Construction has begun works on site, with completion forecast for late 2025.

[smartcode_project_cta:default project_id=7517]

mikah.m@urban.com.au

Why location is paramount at Sloane's latest Brighton townhouses 111 Carpenter

LK Property Group is approaching the sell-out of its Glen Iris townhouse development, Lori.

<a href="/new-apartments/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a> has only two of its eight three-bedroom townhouses left, driven by demand predominantly from local buyers.

[smartcode_project:default project_id=114100 project_image_fid=246520]

<a href="/developers/lk-property-group">LK Property Group</a>, led by billionaire property developer and NBL owner Larry Kestelman, has partnered with award-winning architectural practice Megowan for the design of Lori.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows.

The units feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

Each townhouse includes three bedrooms across two levels and a secure, flexible garage space. The garage can accommodate and charge two cars or be used for business, artistic pursuits, or workouts.&nbsp;

[smartcode_project:default project_id=114100 project_image_fid=246531]

The development is also fully electric, emphasising a more renewable path and reduced environmental footprint for residents.

The construction of Lori by builder Immerse Constructions is well underway and is expected to be completed later this year, with move-in dates projected before Christmas 2024.

Read more:&nbsp;<a href="/news/vic/family-friendly-and-surrounded-by-nature-loris-supreme-location-in-glen-iris">Family friendly and surrounded by nature: Lori's supreme location in Glen Iris</a>

[smartcode_project_cta:default project_id=114100]

New Glen Iris townhouse development Lori approaches sellout ahead of Christmas move-in

Bayside builder developer, Shenfield Property, is well on track to complete its boutique&nbsp;<a href="/developments/cheltenham-vic-3192">Cheltenham</a> townhouse development, Plenteous, by the end of 2024.

Only a few of the eight architect-designed townhouses on Jean Street remain for sale through Noorden marketing agent David Lamond, who has seen both local upsizers and downsizers buy into the project given its low-maintence design but with the size to cater for families, as well as its proximity to Southpoint Station and Westfield Southland.&nbsp;

The townhouses, a dwelling type not often seen in Cheltenham and certainly not close to a central location as <a href="/buildings/plenteous-cheltenham-49-jean-street-cheltenham-vic-3192">Plenteous</a>, have been designed by&nbsp;Farrington&nbsp;Architects to at the end of a quiet, leafy cul-de-sac with frontage to Jean Streett Reserve and Playground.

[smartcode_project:default project_id=136588 project_image_fid=208418]

Two or three-bedroom towhnouses are on offer, across either two or three levels. Interior designer&nbsp;<a href="/interior-designers/aldona-padjak-interior-design-apid">Aldona Padjak</a>&nbsp;crafted the insides of the townhouses with soft, neutral colours to enhance natural light.

The inside opens up to and incorporates the outdoors, with the ground level opening to a courtyard garden and the second or third level offering a balcony.

With construction progressing steadily, the project is scheduled for completion by the end of 2024.

[smartcode_project:default project_id=136588 project_image_fid=208417]

<a href="/developers/shenfield-property">Shenfield Property</a>, led by Alister Shenfield, has had a long reputation of delivering quality residential developments throughout Melbourne's Bayside.

Their most recent completed work has included <a href="/buildings/omnia-4-6-horscroft-place-moorabbin">Omnia at Moorabbin</a>, <a href="/buildings/tilli-547-hampton-street-hampton">Tilli in Hampton</a>, and <a href="/buildings/eva-123-balcombe-road-mentone">EVA Mentone</a>.

As well as Plenteous, Shenfield,&nbsp;is working on <a href="/buildings/joes-quarter-mordialloc-557-main-street-mordialloc">Joe's Quarter in Mordialloc</a> and <a href="/new-apartments/banksia-cheltenham-216-226-charman-road-cheltenham">Banksia</a>, and apartment development in Cheltenham, just under two kilometres from Plenteous.

[smartcode_project_cta:default project_id=136588]

Shenfield Property's Plenteous townhouses swiftly taking shape in Cheltenham

Victoria's state government has outlined draft housing targets to address the growing demand for housing across the region, setting a goal of constructing 2.5 million new homes by 2051.&nbsp;

These targets are part of Plan Victoria, a new strategy set to supersede the 2017 Plan <a href="/developments/melbourne-vic">Melbourne</a>.&nbsp;

The announcement comes amidst broader national housing challenges, particularly in Victoria, which has the largest annual population growth of all Australian states.

Plan Victoria emphasises local government involvement to unlock space for new homes, propose changes to local planning rules, and address infrastructure needs.&nbsp;

"We want to work in partnership with councils to build more homes in the areas where people want to live – close to the people they love and the things they love to do," Planning Minister Sonya Kilkenny said.&nbsp;

Premier Jacinta Allan said “To give industry the confidence they need to get on and build, we need Government and all councils working towards the same goal: more homes for Victorians – in the right places.”

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry.&nbsp;

The plan includes reforming Victoria’s planning system to boost housing supply across the state, clearing the backlog, and providing builders, buyers, and renovators with certainty about approval times.

Additionally, it aims to close loopholes that drive up the cost of living for renters, providing more certainty over leases, living standards, and finances, and resolving tenancy disputes more quickly.

The government is also committed to building more social and affordable homes across Victoria, launching Australia’s biggest urban renewal project on top of the Big Housing Build.&nbsp;

As part of the effort to meet the target by 2051, a regional target has been set to build 425,600 of these homes across Victoria’s regions.

Key areas such as Melbourne's Central Business District (CBD), outer suburbs, and the regional city of <a href="/developments/geelong-vic-3220">Geelong</a> will play pivotal roles in meeting these goals.&nbsp;

Geelong, Victoria's second-largest city, has been set the highest target with 139,800 new homes proposed by 2051, more than double the 127,300 homes currently in Geelong.

The City of Melbourne, which includes the CBD and suburbs like <a href="/developments/carlton-vic-3053">Carlton</a>, <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/kensington-vic-3031">Kensington</a>, <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, and <a href="/developments/south-yarra-vic-3141">South Yarra</a>, follows with a target of 134,000 new homes, up from the 110,100 currently.&nbsp;

The <a href="/developments/melton-vic-3337">Melton</a> LGA, situated about 40 kilometres west of Melbourne’s CBD, is third with a proposed target of 132,000 new homes. This area had about 69,000 homes in 2013 and is one of the fastest-growing municipalities, boasting a 6.6 per cent annual population growth.

Other growing outer suburban LGAs are also set high targets. Wyndham in the southwest is targeted for 120,000 new homes, Casey in the southeast for 104,000, and Hume in the northwest for 98,000.&nbsp;

The government emphasises the need for more homes in established suburbs, setting a combined target of 72,000 new homes in Darebin, Merri-Bek, and Monash.

Boroondara, identified by housing advocacy group Yimby Melbourne as the most in-demand LGA with significant growth capacity, has set a target of 67,000 new homes.&nbsp;

Kingston, benefiting from its proximity to the Suburban Rail Loop project, has set a target of 59,000 new homes.

The government's investments in skills, training, and infrastructure such as schools, hospitals, and transport will support this growing population.

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry

VIC Government target 2.5 million new homes by 2051: Which regions will benefit the most

Melbourne property developer MunCorp has officially commenced construction on its new Blackburn Quarter townhouse development.&nbsp;

Half of the townhouses were already sold, primarily to local buyers, following the project's launch.

[smartcode_project:default project_id=2725 project_image_fid=29563]

Upon completion, <a href="/new-apartments/blackburn-vic-3130">Blackburn Quarter</a> will comprise 39 townhouses, available in both three and four-bedroom configurations.

MunCorp has partnered with <a href="/architects/cera-stribley-architects">Cera Stribley</a> who have crafted the interiors. Inspiration to create a harmonious balance of functionality and contemporary aesthetics came from Blackburn's verdant surrounds.

The developer is committed to making their homes accessible to a wide range of buyers, including first-home buyers, downsizers, and investors.

[smartcode_project:default project_id=2725 project_image_fid=273183]

<a href="/developers/muncorp">MunCorp</a> Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years.

Strategically located, Blackburn Quarter provides residents with convenient access to several key shopping centres, including Box Hill Central, Westfield Doncaster, and Blackburn Square.

Prices for Blackburn Quarter townhouses start at $999,000.

[smartcode_project_cta:default project_id=2725]

MunCorp Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years

MunCorp breaks ground on Blackburn Quarter townhouses

Development Victoria creates places for people. As the development arm of the Victoria Government, they deliver places that make a genuine difference to Victorians. Development Victoria builds great homes and communities where people can thrive while catering to different budgets, lifestyles and needs so that more people can live where they want to be at prices they can afford.

Development Victoria is progressing with its development in Sunshine North at a strong pace. With Stage 1 homes already sold out at LUMA, homes, Stage 2 homes launched earlier this year, continuing the momentum of interest in the development. Stage Two has a collection of around 85 one, two, three and four-bedroom homes, an intentional variety of configurations to cater for every kind of buyer.&nbsp;

The homes at LUMA are designed with a focus on sustainability and are all electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star NatHERS energy rating. The development is well-connected, with proximity to train stations, the Western Ring Road, Sunshine Hospital, and various local amenities.

[smartcode_project:default project_id=27783 project_image_fid=96894]

Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

Development Victoria has appointed SAW Construction to deliver Stage 2 homes who have over 15 years' experience in townhouses construction across Victoria. SAW Constructions are also building the homes in Stage 1 which will be ready to occupy early next year.

The LUMA community will also boast a strategically positioned, 3,600 sqm park, located central to all homes. The park will feature a children’s playground, barbecue facilities, and shaded picnic areas.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Development Victoria is offering prospective purchasers an opportunity to buy with just a five per cent deposit, with no progress payments until construction is complete. For a limited time, they also have an added offer of a $5,000 free upgrade package that can be used to select from a range of upgrades at no additional cost.

To make homeownership possible for more Victorians, Development Victoria aims to offer at least a quarter of the homes they build to households eligible for affordable housing through their Priority Access program. This program offers eligible households exclusive access to purchase high-quality homes at affordable prices before they are made available to the open market.

[smartcode_project:default project_id=27783 project_image_fid=255556]

LUMA’s Urban and Tempo range of homes offer innovative floorplans, some featuring two-living areas perfect for teenagers or as a work from home space, have captured the attention of a range of buyers seeking a low-maintenance family-sized home.

LUMA’s latest release of townhouses is now selling.

[smartcode_project_cta:default project_id=27783]

Development Victoria is offering prospective purchasers  the  opportunity to buy with just a five per cent deposit, with no progress payments until construction is complete

Development Victoria's LUMA Sunshine North community gathers pace

Melbourne-based developer Blue Run is the latest group to jump into the booming South Kingsville market.

They've just started selling&nbsp;<a href="/new-apartments/kings-lane-kingsville-56-new-street-south-kingsville-vic-3015">Kings Lane</a>, a boutique townhouse development comprising just 25 three and four-bedroom townhouses designed by <a href="/architects/rothelowman">Rothelowman</a>.

The two and three-level townhouses will sit on New Street, tucked away conveniently off Blackshaws Road and near Edwards Reserve.

[smartcode_project:default project_id=145042 project_image_fid=279557]

Blue Run Founder and Director Richard Wilkes says not many projects in the Melbourne market can offer a Rothelowman design at this price point

"These townhomes are different to anything else on the market in the area," Wilkes says.

"We’re eight kilometres from the CBD with sustainably designed townhomes by an award-winning architect for&nbsp;under $1 million, which is hard to replicate in the current market never mind in a few year’s time."&nbsp;

LAWD Projects Director Henry Burbury says <a href="/developments/south-kingsville-vic-3015">South Kingsville</a> and the neighbouring <a href="/developments/spotswood-vic-3015">Spotswood</a> is evolving, with several of the country's biggest developers undertaking development in the area.

[smartcode_project:default project_id=145042 project_image_fid=279556]

"<a href="/developers/mirvac">Mirvac</a>, <a href="/developers/stockland">Stockland</a>, <a href="/developers/blue-earth-group">Blue Earth Group</a> and Metro Property have all identified South Kingsville and Spotswood for development. Frasers have also recently launched Bradmill in nearby Yarraville. That speaks volumes as to where they're heading, and that should give buyers confidence that the area is going through a transformation.

"Union Quarter is bringing extensive retail and hospitality spaces, including a health and wellness centre, while a sky rail has been mooted for Spotswood and Newport."

So far Burbury has been fielding interest from buyers from <a href="/developments/southbank-vic-3006">Southbank</a>, <a href="/developments/south-melbourne-vic-3205">South Melbourne</a> and the St Kilda Road precinct, as well as strong interest from interstate.

"They're coming out of apartments and want more space. Similar product in Melbourne's south-east and northern suburbs can be between $1.7 million and $.2 million.

"There's also been a large amount of enquiry from surrounding suburbs like <a href="/developments/footscray-vic-3011">Footscray</a> and <a href="/developments/sunshine-vic-3020">Sunshine</a>, as well as those who have house and land in the likes of Werribee who want to come into the city for greater access to schooling for their growing families."

LAWD recently opened the display suite on-site at 56 New Street, South Kingsville.

[smartcode_project_cta:default project_id=145042]

Launch Alert: Kings Lane townhouses launch in South Kingsville

Marlu Hampton, just seven townhouses on Service Street, has found a gap in the market, and that hasn't been lost on locals.

Four of the townhouses, that are being built and developed by&nbsp;<a href="/developers/thomas-constructions">Thomas Constructions</a>, have been snapped up.

Noorden agent David Lamond says the majority of the sales have come from affluent downsizers.

"They're trading in their large Bayside family homes for anywhere between $4 million and $7 million and are looking for their next step toward retirement," Lamond says.

Some made the full downsize to an apartment, however, they've realised they want more space, Lamond says.

"They want a little bit more than an apartment, but they don't want a full garden. They're keen on lift access, which Marlu offers, and they want a courtyard with trees and landscaping."

[smartcode_project:default project_id=140140 project_image_fid=219620]

Thomas Constructions were sold on the location of the site, with <a href="/developments/hampton-vic-3188">Hampton</a> Beach, several parks, quality schools and a shopping strip on the doorstep.

Designed by architect David Dubois, the three-level residences feature striking red brick facades with terracotta shingles, framed by deeply recessed, electro-bronze steel windows.

[smartcode_project:default project_id=140140 project_image_fid=219623]

Each <a href="/new-townhouses/marlu-hampton-29-service-street-hampton">Marlu</a> townhouse offers around 263 sqm of living space and is accessible via a two-car garage equipped with a lift. They each feature&nbsp;an open-plan light-filled living space, taking inspiration from the exterior design, with rich terracotta tones that pay homage to the slated terracotta roofs of the heritage homes that line the street.&nbsp;

Contemporary colours complement the brown tones, with features such as a soft grey fluted marble feature wall and white gloss ceramic wall tiles creating unique residences within Marlu.&nbsp;

The residences will benefit from fully integrated Miele appliances, finished with brushed nickel, to further tie the internal design elements in with the exterior.&nbsp;

Marlu is set to be completed by early 2025.

[smartcode_project_cta:default project_id=140140]

Noorden agent David Lamond says the majority of the sales have come from affluent downsizers

"Hyper-local" downsizers drive luxury Hampton townhouse Marlu to over half sold

Stage Two of the <a href="/developments/maidstone-vic-3012">Maidstone</a> townhouse development,&nbsp;<a href="/new-townhouses/wattle-house-maidstone-62-90-wattle-road-maidstone">Wattle House</a>, has been released to the market.

Located in the heart of family-oriented Maidstone, Wattle House comprises a total of 79 freehold townhouse lots designed by award-winning architect <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>.

[smartcode_project:default project_id=142236 project_image_fid=245821]

Wattle House is characterised by a neutral external palette of materials that matches the homeliness of its interiors.

Each townhouse boasts a generous four-bedroom floor plan with secure garage parking, providing the space and flexibility for growing families.&nbsp;

[smartcode_project:default project_id=142236 project_image_fid=245823]

The homes come equipped with high-end SMEG appliances in their designer kitchens, complete with cleverly integrated storage solutions to ensure residents do not need to compromise on space within their homes.

Buyers at Wattle House also have the option to choose from two distinct colour palettes for their new homes.

[smartcode_project:default project_id=142236 project_image_fid=245826]

Residents of Wattle House will have access to a range of amenities, including the existing Central Park, gardens, children’s playground, and BBQ area that are part of the newly completed Stage One of the development.&nbsp;

The community is also strategically situated, offering easy access to Highpoint Shopping Center and <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a>.

Prices for the Stage Two units at Wattle House start from $945,000.

[smartcode_project_cta:default project_id=142236]

Prices for the Stage Two units at Wattle House start from $945,000

Remaining Wattle House townhouses in Maidstone released

The eastern Melbourne suburb of Scoresby, on the fringe of the Dandenong Ranges, has recently welcomed a rare new townhouse development.

The boutique project at <a href="/buildings/747-749-stud-road-scoresby">747-749 Stud Road</a> comprises 12 modern townhouses designed to cater to families and professionals looking for affordable luxury in a well-connected and community-focused area.

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations.

[smartcode_project:default project_id=108727 project_image_fid=179504]

Each townhouse features a modern open-plan design with large windows to maximise natural light. Many units also include a balcony.

Durable stone benchtops add a sleekness to the kitchens well-equipped with BOSCH stainless steel appliances.

The residences come with multiple bathrooms, all featuring floor-to-ceiling tiles.

[smartcode_project:default project_id=108727 project_image_fid=179505]

The development is situated across the road from the Scoresby Recreation Reserve, home to local tennis, health, and cricket clubs.&nbsp;

The location also offers convenient access to a Woolworths supermarket, various specialty stores, and dining options such as Cinta Raya Restaurant, Cafe Dinicious, and Stanley Burgers.

Educational institutions are within a short drive, with Swinburne University of Technology and several primary and secondary schools, including <a href="/developments/scoresby-vic-3179">Scoresby</a> Primary School, Carrington Primary School, and Scoresby Secondary College, all nearby.

[smartcode_project_cta:default project_id=108727]

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations

Melbourne off the plan townhouses

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