Townhouse Market

A local developer has purchased an Ivanhoe site for $3,557,000.

The property which is located on a corner land parcel of 1,350 sq m is set to be turned into a luxury residential project.

Located at 20 Lower Heidelberg Road, the campaign generated 5 offers to Julian Heatherich and Benson Zhou of Savills Australia.

&quot;It was a residential developer who was willing to pay top dollar,&quot; Heatherich said.

&ldquo;With the tightly held nature of Ivanhoe and the strength of the residential market, developers moved aggressively to add this site to their pipelines, with limited sites being offered in the inner northeast,&rdquo; Heatherich noted.

[smartcode_project:default project_id=22308 project_image_fid=75031]

The vendor was prepared to offer up to 18 months delayed settlement terms.

There had been interest from owner occupiers for the house, along with interest from child care groups from the site with frontage of 72 metres to Lower Heidelberg and Waterdale Roads.

It came with a flexible General Residential Zone 1 zoning.

Residential construction activity in the suburb has included work on Valia, at 59 Upper Heidelberg Road, with prices starting from $1,220,000

The 14 residences have a late 2022 completion date.

Located at 20 Lower Heidelberg Road, the campaign generated five offers

jchancellor-FAypfDUnLy

Residential developer snares Ivanhoe project site

Townhome approvals across Melbourne softened over April, but are still higher than they were this time last year, according to&nbsp;according to Archistar&rsquo;s&nbsp;May National Townhouse and Unit Building Report.

There were 687 townhouses across the Victorian capital approved over April, down from the 895 approved in March.

Sydney went the other way however, with a spike from 699 to 923 approvals.

Since the impact of COVID in early 2020, there&#39;s been a strong shift in buyer preference toward townhouses.

[smartcode_project:default project_id=8082 project_image_fid=59639]

Over the last 12 months, only Adelaide and Perth saw less approvals for townhouses.&nbsp;

Brisbane reported the highest increase in townhouse building approvals over the year ending April 2021, up by 42.9 per cent,&nbsp;followed by Sydney up 14.6 per cent&nbsp;and Melbourne up by one per cent.

Townhouse building approvals however were down by 24.9 per cent&nbsp;for Adelaide and 10.6 per cent&nbsp;for Perth on the same year on year comparisons.

[smartcode_project:default project_id=102256 project_image_fid=163757]

Melbourne reported the highest average per townhouse building cost of $349,032 over April 2021, followed by Perth at $341,500, Brisbane at&nbsp;$282,123, Sydney at $277,494 and Adelaide at $238,286.

Nationally, 6669 higher-density dwellings were approved for building over April, which was the highest April total since 2018.

Since the impact of COVID in early 2020, there's been a strong shift in buyer preference toward townhouses

Joel Robinson

Melbourne townhouse approvals soften in April as Sydney spikes

The Brisbane-based Shayher Group are seeing high demand from locals at their recently launched Indooroopilly townhouse development Long Pocket.

The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouses when completed in 2023.

Shayher are expecting a mix of buyers, from downsizers wanting a lower maintenance lifestyle while retaining the space, to young professionals with young kids and families looking to be near the private St Peters Lutheran College school zone.

[smartcode_project:default project_id=95798 project_image_fid=156478]

There&#39;s two collections, the Rainforest Collection or the Riverview collection, the latter proving most popular so far.

Each townhouse will feature a number of living areas, a galley kitchen with Gaggenau appliances, an integrated fridge and freezer, as well as a&nbsp;butler&#39;s pantry.

They will have expansive entertaining balcony as well as an outdoor courtyard.&nbsp;There are internal lifts available in selected townhomes which is a feature aimed at the downsizer.&nbsp;&nbsp;

[smartcode_project:default project_id=95798 project_image_fid=161824]

The grounds will feature a 22 metre resort style pool as well as a sauna and a steam room.

There are five display homes on site ready for inspection.

<h2>About the developer</h2>

Shayher Group is privately owned Australian company that began operating in 1999 and has since grown into a diversified property group.

With their HQ in Brisbane, Shayher have developments across Queensland, New South Wales and Victoria. One of their most recognised developments&nbsp;is the $1 billion redevelopment of the heritage-listed Pentridge Prison in Melbourne.

Locally, Shayher have developed The One, the 82 level, 467 apartment development in the Brisbane CBD, and are set to transform the Bulimba Barracks in the next few years.

The Jacaranda Place development bordering the Indooroopilly Golf Club in Brisbane will home 45 townhouses when completed in 2023.

Shayher Group see local interest at Indooroopilly townhouse collection Long Pocket

The longstanding Melbourne developer DeGroup&nbsp;are set to launch&nbsp;Sprout Richmond, a boutique collection of townhomes in the heart of Richmond.

The Glass Street&nbsp;development, just off the bustling Swan Street, comprises 15 townhouses in total. The 13 two-bedroom residences start from $999,000, and the two three-bedroom homes are priced at $1,499,000.

Bricks &amp; Mortar founder and selling agent Sahil Bhasin sold out&nbsp;DeGroup&rsquo;s most recent project Fitzrovia, a development of&nbsp;17 townhouses on Fitzroy&#39;s Kerr Street in just eight&nbsp;weeks.

He expects Sprout Richmond to follow suit, with the&nbsp;three level townhouses&nbsp;appealing to&nbsp;young professionals in their 30&#39;s due to their proximity to Swan Street.

[smartcode_project:default project_id=8040 project_image_fid=30059]

&ldquo;The homes are a walker&rsquo;s paradise, with restaurants, cafes, bars, shops and amenities in abundance,&rdquo; Bhasin&nbsp;said.

&ldquo;Everything that draws people to this spritely neighbourhood is but a stone&rsquo;s throw away from Sprout Richmond.&rdquo;

DeGroup worked with award-winning&nbsp;builder Mancini Made to ensure the townhouses are sustainable throughout, from the&nbsp;durable Colorbond cladding and&nbsp;rainwater plumbed toilets, to the energy efficient appliances and double glazed windows and glass sliding doors.

Some of the residences, with architectural influences from Haskell Architects, have achieved a 6.7 Star NatHERS rating, translating to reduced carbon footprints for residents and significant cost savings on energy bills.

It&#39;s an important focus&nbsp;for DeGroup, whose executive director Ben DeLutis&nbsp;ranks sustainable living&nbsp;as one of the company&#39;s highest priorities.

[smartcode_project:default project_id=8040 project_image_fid=30058]

&quot;Sustainable living is no longer an option, it is absolutely integral to our process and planning,&quot; DeLutis says.

The townhouses, set for completion in early 2022, are set in landscaping by the landscape architect Phillip Withers.

&ldquo;The focus was on creating a calm and welcoming space where people would want to stop&nbsp;and take in their surroundings,&quot; Withers says.

[smartcode_project:default project_id=8040 project_image_fid=30061]

&quot;I wanted the Sprout community to enter, look up and be greeted by a mass of vertical greenery, perfectly complemented by the architect&rsquo;s contemporary design.&rdquo;

About the developer

DeGroup has been operating since 1973 when it was founded by its executive chairman Colin DeLutis.

The family-ran company, whose executive director is Ben DeLutis, Colin&#39;s son, is made up of three divisions; the property development division, which manages and develops residential, retail, hospitality and commercial properties; investment division which owns and actively manages over 40 investments; and group of companies division which comprises several operational businesses.

They have previously developed the residential projects Lygon Place in East Brunswick and&nbsp;211 Dorcas Street in South Melbourne.

Sahil Bhasin expects local young professionals in their 30's to be keen on the three level townhouses due to their proximity to Swan Street

DeGroup set to launch Sprout Richmond townhouses

The Melbourne developer Beulah have unveiled The Wilds, a boutique collection of houses on Northcote&#39;s Merri Creek.

The 15 detached houses have been designed by architecture studio Edition Office, the same team who were behind the multi-award winning Hawthorn House.

The positioning of the townhomes to front Merri Creek was a conscious effort, backed by research fro the Beulah team.

They looked at a study by the Swedish lecturer and professor Terry Hartig. Hartig&nbsp;looked&nbsp;at nature&#39;s influence on the mental restorative benefits for individuals, namely the benefits of water landscapes in restorative mental benefits.

[smartcode_project:default project_id=101145 project_image_fid=162759]

Those who were exposed to views and murals of waterscapes, as opposed to other nature scenes, had significantly improved attention spans, the survey found.

That saw Beulah align the frontages of the three and four bedroom houses towards Merri Creek, with the kitchens oriented to allow residents to take in the scenic views while cooking.

Beulah&#39;s co-founder and executive director Adelene Teh&nbsp;said as the paradigm shifts towards an increase in home buyers seeking a tree change, The Wilds caters to this growing demand by offering large-scale residences immersed in nature, with the conveniences of inner-city life.

[smartcode_project:default project_id=101145 project_image_fid=162761]

&ldquo;In the current Melbourne market, there are no developments of a similar nature to The Wilds, both due to its extremely unique location on the creek&#39;s edge, its rare urban house and land offering, and its design elements of connecting occupants with nature at every turn.

&ldquo;Residents will feel as though they are immersed in nature, yet the hustle and bustle of city life is only 3-kilometres away, easily accessible by train or via the Capital City Trail bike path.

Teh said they felt it was important to create a product that caters to this shift in lifestyle demands, for those who seek&nbsp;a tree change but want to be close to the city.

The houses are priced from $1.9 million.

The positioning of the townhomes to front Merri Creek was a conscious effort, backed by research fro the Beulah team

Beulah unveil off the plan Northcote housing development The Wilds

First home buyers have been attracted to&nbsp;Sixth Ave, the Aultun Group townhouse development in the heart of Bayside Chelsea Heights south of Melbourne.

Sixth Ave was Urban&#39;s most popular project for first home buyers across Q1 2021, with Aultun Group managing director Bruce Yang previously telling Urban that&nbsp;affordability of the townhouses was just as important as quality.&nbsp;

Designed by Point Architects, prices start from just $599,000 for a two bedroom townhouse.

Urban recently spoke to Brigit King, a first home buyer at Sixth Ave, about why she chose to buy in the development.

[smartcode_project:default project_id=32136 project_image_fid=93835]

JR: What first drew you to Sixth Ave?

BK: The Bayside living was the biggest drawcard.

JR: How long had you been searching for a property?

BK: I had&nbsp;been looking for over a year now but only seriously for the past couple of months

JR: Were you always looking for a townhouse?

BK: Location is always my first priority

[smartcode_project:default project_id=32136 project_image_fid=93835]

JR: Which townhouse configuration did you opt for and why?

BK: I went for the two&nbsp;bedroom, two bathroom townhouse. It is what best suits my lifestyle at the moment

[smartcode_project:default project_id=32136 project_image_fid=93831]

JR: What advice would you have for other first home buyers?

BK: Get in the market as soon as you can.

JR: Did you take advantage of any government incentives?

BK: I have the first home buyers grant to help me

[smartcode_project:default project_id=32136 project_image_fid=93835]

JR: Did you have a set of criteria that your first home had to meet?

BK: Location, minimum 2 bedroom and having an ensuite was high on my wants list

JR: What made you decide to buy off-the-plan rather than an existing dwelling?

BK: The offer was too good to not take. The real-estate market at the moment is booming and the price and location is what sold me.

Sixth Ave was Urban's most popular project for first home buyers across Q1 2021

Why first home buyers are choosing the Chelsea Heights development Sixth Ave

A $21.5 million sales rush at the Cedar Woods masterplanned community Greville has seen the national developer bring forward the release of its third stage of townhomes.

The townhouses will be part of the $180 million masterplanned Greville community, five kilometres north of Brisbane.

The first two stages were particularly popular with local buyers. The latest release will see 10 terraces available&nbsp;from $809,000.

There was a flurry of sales when Cedar Woods announced they&#39;d appointed the regarded builder Condev Construction, who will commence construction of the first release of townhomes in the next few months.

[smartcode_project:default project_id=21630 project_image_fid=89904]

Cedar Woods development director Peter Starr said&nbsp;buyers are lining up to secure a brand new terrace home within close proximity to the CBD which prompted the decision to bring the third release forward.

&ldquo;With just ten terrace homes in the third release, there is limited opportunity in this new release at Greville, and within the broader Wooloowin area, and any new supply is being snapped up quickly due to increasing buyer demand,&quot; Starr said.

&ldquo;Wooloowin is an increasingly sought-after suburb for its location, with a median house price of $935,000 according to Core Logic, and solid growth record, which has seen prices jump 15 per cent in the past year alone.

[smartcode_project:default project_id=21630 project_image_fid=89903]

&ldquo;Releases one and two have been popular with mostly local purchasers who love living in Wooloowin and want to reinvest in the neighbourhood, or who are downsizing from surrounding suburbs.&rdquo;

Condev will be creating the wider masterplanned community which will home 84 terraces, 189 apartments across the towers and the adaptive re-use of the 1889-built heritage laundry into seven residential dwellings, as well as a 4,000 sqm parkland.

[smartcode_project:default project_id=21630 project_image_fid=89907]

Release three is set to offer one of Greville&#39;s most popular floorplans known as the Miller.

&ldquo;The Miller has all living and entertaining areas on the ground floor, opening on to an expansive private courtyard, with three bedrooms and a multi-purpose room upstairs, which can function as a fourth bedroom or study,&rdquo; he said.

The terraces are part of the $180 million masterplanned community

Sales flurry sees Cedar Woods bring forward third release of Greville terraces in Brisbane's Wooloowin

Inspired by its onsite heritage, Lendlease has launched a boutique Richmond townhouse project, Gramercy Terraces at the site of the former Nine Network studio in Bendigo Street, Richmond.&nbsp;

This Saturday 1 May from 10am, visitors and potential purchasers are invited to the Gramercy Terraces grand opening event. The day will include an onsite market with produce from the local area, as well as an opportunity to tour the new display and learn about the local history of the area from Richmond and Burnley Historical Society.

Visitors will have the opportunity to enjoy a coffee from Friends of Mine Cafe and pastries from Swan Street Bakery and Patisserie. The Ugly Duckling wine bar will host a wine and cheese tasting later in the day. Richmond Candle Co will also be showcasing its locally inspired scented creations.

While being treated to a G&amp;T, visitors will have the opportunity to chat with a sales representative and learn more about the stylish appliance inclusions from luxury retailer Miele. There will also be a musical performance by the Stiletto Sisters from the Melbourne Recital Centre&rsquo;s Local Heroes Series in the Richmond Community Learning Centre at 2.30pm as well as face painting and sweet treats for the little ones.

The Richmond &amp; Burley Historical Society will be taking attendees through the history of Bendigo Street, including its time as home to the Wertheim Piano Factory. Wertheim was the brand of choice for a number of famous performers including Dame Nellie Melba. Around 18,000 pianos were manufactured at the site before the onset of the great depression in 1935. More recently the building had been home to the Nine Network studio, who vacated in 2010.

<img alt="" height="1067" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gramercy_2.jpg" width="1600" />

The three and four bedroom freehold townhomes, designed by award-winning architects Bates Smart are priced from $1.85 million.

Every aspect of Gramercy Terraces is an ode to elegance and for intuitive living. Each townhome has been designed for natural light to flood in, whether through the extensive sky-lights or the full voids which allow the light to cascade through the central staircase creating a spacious transition throughout the levels of these homes. The outdoor areas also offer a tranquil respite in the hum of the city, where you can relax in your lush private garden or gathering on your rooftop terrace to take in the views.&nbsp;

<img alt="" height="681" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/grace_4.jpg" width="1600" />

The event kicks off at 10am until 4pm. For more information on Gramercy Terraces, visit gramercyterraces.com.au or call Andrew on 0407 270 083.&nbsp;

Gramercy Terraces Grand Opening&nbsp;

Saturday 1 May. 10am - 4pm.&nbsp;

Gramercy Terraces Display

2B/32 Bendigo Street, Richmond VIC 3121

&nbsp;

The day will include an onsite market with produce from the local area, as well as an opportunity to tour the new display

Lendlease to launch Gramercy Terraces Richmond this weekend

The property developer Jinding have launched the next stage of Octave, their Junction Village masterplanned community in Melbourne&#39;s south-east.

Having secured a sellout of the first and second release of Treble townhomes, Jinding&nbsp;has launched Opera Townhomes.

The musical naming&nbsp;of the townhome series so far has been intentional by the Melbourne-based property developer, to create a musical theme&nbsp;at&nbsp;Octave, a harmony of connecting with nature.&nbsp;This motif extends to Octave&rsquo;s unique urban design, where over 21% of the masterplan is dedicated to parks, open space, and conservation reserves.

The three bedroom, two bathroom, two park&nbsp;Opera Townhomes are priced at&nbsp;$495,000. The bigger four bedroom townhomes are priced at $535,000 and $545,000.

Opera will have similar features as the Treble Townhomes, but will be fronting the soon-to-be built Harmony Park which will also be home to a playground that connects to existing conservation areas.

[smartcode_project:default project_id=24752 project_image_fid=161821]

Buyer interest came from all over for Treble Townhomes, a collection of just nine, with local downsizers, investors, and several&nbsp;first home buyers securing a&nbsp;townhouse&nbsp;at&nbsp;the development south-east of Melbourne.

Each townhome has been created in partnership with Sienna Homes and has been designed&nbsp;using energy efficient building materials. The homes have achieved a seven-star NatHERS&nbsp;rating.

Liz Ronson, Jinding&#39;s managing director of developments, says the land values in Junction Village are well perceived in the market, and the amenity-rich lifestyle is driving people to Octave.

[smartcode_project:default project_id=24752 project_image_fid=161820]

&ldquo;The Opera&nbsp;townhomes offer exceptional value. For less than $500,000 buyers can secure a turnkey 3-bedroom home, that is located right next to the entrance of the Royal Botanic Gardens Cranbourne, and adjacent to the 2.98-hectare Harmony Park,&rdquo; Ronson says, adding that Cranbourne Park Shopping Centre is just a five-minute drive away.

Octave has been masterplanned to include 44 townhomes, and 326 land lots, including some of the last remaining larger lots up to 1237sqm.

Having secured a sellout of the first and second release of Treble townhomes, Jinding has launched Opera Townhomes.



Jinding releases next stage of townhouses at masterplanned Octave in Junction Village

Soaring demand in all coastal Queensland markets is seeing developers fast-track their projects in an attempt to meet the continued demand from inter and outer state buyers.

The latest project to be fast tracked is in the $650 million townhouse development Serenity 4212, one of the largest waterfront projects currently underway on the Gold Coast.

The joint Helensvale venture between Keylin and Kinstone Group, adjacent to Hope Island,&nbsp;will see the third stage&nbsp;of Serenity Reserve brought forward after the sell outs of stage one and two, Serenity Waters and Serenity Green.

Serenity Reserve will comprise 83 townhomes each with four bedrooms and two bathrooms. Designed by architectural firm DBI in conjunction with Modulus Architecture, prices for the townhomes&nbsp;will start from $548,000.

Serenity Reserve residences will sit next to&nbsp;a dedicated natural reserve community park, part of 27 hectares being gifted by Keylin to the city council.

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="720" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_reserve_1.jpg" width="1200" /></a>

The wider Serenity 4212 development&nbsp;is being created&nbsp;around Lake Serenity along the shores of Saltwater Creek.&nbsp;

&ldquo;The latest release is aimed at buyers looking to capitalise on existing government grants, including the state government first-home owner&rsquo;s grant,&rdquo; said Keylin&nbsp;director Louis Cheung.

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_3.jpg" width="1600" /></a>

&ldquo;Most of our buyers have been owner-occupiers, with many of them locals who are looking for the lifestyle and convenience of one of the best waterfront precincts on the Gold Coast.&rdquo;

Keylin fielded more than 3400 inquiries for the Serenity Waters release alone.

Developments are being fast-tracked all across the Gold Coast with developers inundated with enquiries.

Miles Residences, the luxury redevelopment of the Kirra Beach Hotel by KTQ Group, has been <a href="/news/qld/miles-residences-at-kirra-beach-now-80-sold-as-fast-tracked-construction-begins">fast-tracked after selling over 80 per cent of its stock</a>.

Ditto Cabana at Palm Beach, which saw&nbsp;23 of its 34 apartments <a href="/news/qld/which-gold-coast-apartment-developments-are-being-fast-tracked-due-to-strong-sales">sell within two weeks of its launch</a>.

&nbsp;

Serenity Reserve residences will sit next to a dedicated natural reserve community park, part of 27 hectares being gifted by Keylin to the city council.

Townhouse Market

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Townhouse Market

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.