<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

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Joel Robinson

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

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The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Mulgoa

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The NSW state government is believed to have bought the Fernhill trophy estate Mulgoa, on the outskirts of Sydney, for $27.25 million.
The 384 hectare property was initially listed for $30 million in 2016, with a <a href="https://www.propertyobserver.com.au/expected%20to%20be%20close%20to%20that%20figure." target="_blank">sale last year</a> expected to be close to that figure.
It was set to become a cemetery, although Fernhill never changed hands after local objections put an end to the sale, which saw Sydney's Rookwood General Cemeteries Reserve Trust walk away.
The state government are yet to announce what they intend to do with the property.
The property, the former home of property tycoon Warren Anderson, was sold by struggling debenture company Angas Securities after its deal with Simon Tripp failed to proceed to  final implementation.
Christie's International agent Ken Jacobs had the listing of the Georgian mansion.
 
 
 
 
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Mulgoa estate Fernhill sold to the NSW Government for over $27 million

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The debenture company Angas Securities hopes it is close to securing the sale of the Fernhill Estate at Mulgoa on the outskirts of Sydney.
The intending buyer is undisclosed.
“I expect to be meeting with this party and solicitors next week to finalise negotiations surrounding a small number of contractual issues,” Angas chairman Andrew Luckhurst-Smith told The Australian.
Sydney's Rookwood General Cemeteries Reserve Trust walked away from plans to buy Fernhill last November for close to $30 million amid plans to expand.
The listing agent Ken Jacobs, of Christie's International, was then dealing with parties who had expressed interest in the property should the sale not proceed.
Fernhill, the Georgian mansion in Mulgoa on the outskirts of Sydney, was the former home of bankrupt property tycoon Warren Anderson.
It was then under the control of SimonTripp who had substantially upgraded the estate.
But Tripp quit the seven bedroom sandstone home and the subdivision partnership in 2016.
The Australian advised the struggling debenture group told its investors that it had agreed terms with an Australian buyer.
It for the section known as central Fernhill, not the eastern portion of the estate.
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Hopes held by Angas that Fernhill at Mulgoa is close to being sold again

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Rookwood General Cemeteries Reserve Trust (RGCRT) is conducting due diligence as it explores the option of purchasing the central parcel of the historic Fernhill Estate at Mulgoa being sold by Adelaide-based finance house Angas ­Securities for about $30 million.
“Our objective is to maintain the homestead and heritage landscape, ensuring it is conserved for future generations. To support this initiative we would in turn utilise the undeveloped and non bio-banked sections of the property as a predominantly lawn style cemetery,” the trust says on its website.
The trust is organising meetings from May 16 to May 31 with the Mulgoa community on its plans to use undeveloped areas of the property as a heritage cemetery.
The trust plans to preserve the homestead and heritage landscape and would create a buffer of more than 25 ha around the Georgian mansion and another 220 ha of bio-banked land on the site at Mulgoa in far western Sydney.
The rest of the property would become a predominantly lawn-style cemetery.
The Rookwood trust is buying the estate as cemeteries across Sydney are expected to be full in the next 20-30 years.
“We pride ourselves as heritage custodians and we welcome the opportunity to conserve Fernhill in the same way that we conserve Rookwood,” RGCRT chief executive George Simpson said.
The trust, which manages more than two-thirds of Sydney’s Rookwood Cemetery, said it was determined that facility would ­always be available for burials, but said developing a heritage cemetery at Mulgoa “will provide the community with another option (for) a dignified and historically significant final resting place”.
“We are committed to implementing strategies that will enable us to meet the needs of our vast multicultural communities well into the future. One of our longer term solutions in this area is the acquisition of new land,” Simpson said.
Angas last month revealed plans to carve up parts of Fernhill Estate in efforts likely to reap about $60 million in total, including proceeds from smaller land sales and bio-banking deals, according to a report in The Australian.
Fernhill, the former home of bankrupt property tycoon Warren Anderson, was until last year controlled by a venture between Angas and businessman Simon Tripp, and will now be subject to a six-month period of due diligence.
Agent Ken Jacobs of Christie’s International declined to comment to The Australian but the vendor last month confirmed interest from a purchaser.
The Mulgoa Progress Association is opposes turning the historic Fernhill Estate into a general cemetery.
The association’s president Wally Cox was cited by The Daily Telegraph as saying that a lawn cemetery on a heritage site would be destructive.
An eight-bedroom mansion and outbuildings, constructed over four years, are on the portion of the property the trust is eying.
The 1830s heritage listed homestead is complete with a 16-seat dining room, ballroom, 12 sandstone fireplaces and a horse racing track and stables that, over the centuries, have been home to two Melbourne Cup winners.
“RGCRT confirms that a sale has not yet occurred, but it has entered into a six-month exclusivity period which will allow the trust to conduct the required due diligence process, commencing with a period of community consultation,” the trust’s spokeswoman told the Penrith Press.
Fernhill was built by 20 Irish stonemasons following a land grant by Gocernor Macquarie to Colonial Magistrate William Cox in 1810.
Penrith Cemetery has “at least 40 more years till it reaches capacity”, Penrith Council’s spokesman previously told the Press.
“There are approximately 10,500 interred at Penrith, either buried or ashes placement,” he said. 
<img src="https://cdn.newsapi.com.au/image/v1/87451696849df22a1ad18c7ee5a52a59?width=650" width="650" height="366">
Trust CEO George Simpson said Rookwood has been exploring options outside Lidcombe “for many years now”, particularly “larger undeveloped areas in the west”.
He said Fernhill was zoned for cemeteries.
In response to the concerns voiced by the Mulgoa Progress Association, Simpson said Rookwood Cemetery, which has been operating since 1867, is a heritage site too with many buildings within the site dating back to the 1870s.
“We pride ourselves as heritage custodians and we welcome the opportunity to conserve Fernhill in the same way that we conserve Rookwood.”
Fernhill has a great thoroughbred history, as one of the greatest racehorses that ever trod the Australian turf, Yattendon died at Fernhill in 1880.
Winner of the Sydney Cup in 1866, Yattendon produced Melbourne Cup winners Chester (1877) and Grand Flaneur (1880).
Fernhill was built by William Cox, an engineer who oversaw the road that passed over the Blue Mountains, for his son Edward.
It remained in the ownership of the Cox family until 1896, when it sold to the Wright family, of Wright, Heaton and Co, who billed their firm as the most extensive carrying firm in the colony.
The Bachelor filmed the finale at Fernhill Estate when Bachelor Sam Wood chose his leading lady Snezana Markoski.
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Rookwood Cemetery set to buy historic Fernhill Estate, Mulgoa

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The richly decorated 1890's home, Glenleigh, positioned on the banks of the Nepean River at Mulgoa, has been mostly hidden for the past three decades from the outside world.
But its intact glory will soon captivate potential buyers after the having been listed for sale.
It was a Scottish Baronial-style country retreat built for the Edinburgh-born shipping merchant, and Ranelagh, Darling Point resident, James Ewan.
It was built with ballast bricks, constructed in triple brick on sandstone so the house would be around for several hundred years.
It last traded when bought by the Grotto family for $1.05 million in 1984.
Collier's agents Richard Royle and Deborah Cullen are seeking expressions of interest, reluctant to suggest a price given they want private home owners to compete with major housing subdivision companies.
The <a href="https://www.colliers.com.au/22103/#.Vv22A-nvhUF" target="_blank">Mulgoa Road, Regentville</a> property has only been occupied by a handful of owners since first sold in 1917, three years after Ewan's widow, Marion, mother of eight, died.
It was the Layt turf farming family who had heritage architects Clive Lucas and Ian Stapleton undertake its restoration in the late 1970s retaining the design by the eminent architect W.W Wardell.
For almost four decades it was owned by interpreter Dr Charles Monticone, who Shirley Hazzard immortalised in her novel, The Transit of Venus. During the years it has been an Aboriginal girls' mission, ostrich farm and Queenwood School World War II retreat. 
The property features impressive Belgium marble fireplaces and Lyon &amp; Cottier stain glass windows, one with the Celsus (1st century AD) maxim, Cito, tuto et jucunde (quickly, safely and pleasantly. 
There's also some of the finest surviving painted interior ceiling frezies in any house in Australia after two Italian artists were brought out to Sydney.
Stag, partridges, eel, hare and game birds feature stencilled on the dining room ceiling. Imagery of musicians and opera singers in the music room and writers decorate the library. Mozart, Haydn and Mendlessohn gaze down from garlanded, gold-leafed frames; while Shakespeare, Milton, Scott and Burns suggest Ewan's literary taste.
The kitchen still retains the original set of servants bells for each room, the smaller the bell the less important the room.
The bell tone alerted the servants as to which room he or she had to attend.
The estate comes with a tennis court with pavilion, and two separate cottages on its 34 hectare parcel, one of the largest private homes in the Sydney basin.
The old horse stables/coach house has been converted in to a wholesale plant nursery which grows Bucks, Conifer's and Gardenia as an approved supplier to Bunnings.
Mulgoa's Fern Hill, another richman's colonial Georgian estate, ranks as the suburb's last big opportunity which was sold in a complicated 2012 acquisition by the entreprenuer Simon Tripp and his wife, Brenda with a housing subdivision intended. 
It was Irish stonemasons who worked on the Greek Revival temple-style sandstone Fern Hill residence built for Edward Cox, the sixth and youngest son of pioneer William Cox, who oversaw the building of the first road over the Blue Mountains in 1814.
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