<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

Joel Robinson

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

A first-of-its-kind culinary precinct is coming to <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>, inspired by global street-food flavours and best-in-class restaurants and entertainment.

Deicorp’s emerging mid-city precinct, <a href="https://www.apartments.com.au/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, will become the go-to precinct within the wider Melrose Park community, and at its heart, a first-of-its-kind culinary precinct that brings the buzz of Asia’s most iconic food streets to life.

Spanning more than 4,700 sqm, Melrose Central street food precinct is inspired by the energy and vibrant flavours of street-food neighbourhoods from Hong Kong and Tokyo to Seoul and Singapore.

This new destination will be over three times the size of existing offerings like Burwood Chinatown or Westfield Chatswood’s Hawker Lane, positioning Melrose Central as a must-visit dining hub for all of Sydney.

[smartcode_project:default project_id=134220 project_image_fid=289878]

Designed by Anthony Ho of Basalt Studio, this street food concept blurs the lines between culinary theatre, art, and entertainment, offering an immersive experience. Neon-lit laneways thread between open kitchens and live grill stations, while murals, interactive displays, and light installations will bring the precinct to life, trading until late, a first for the area.

“We’ve imagined our street food concept as a graduated evolution of everything people love about Burwood Chinatown, East Village and Regent Place, elevated by the immersive artistry creating a city-style dining offer,” said Bilinda Turner, Head of Retail at Deicorp.

“By curating the very best tenants from across Australia, we’re creating a fit-for-purpose town centre for 2025 and beyond. It’s something that people truly haven’t seen before."

[smartcode_project:default project_id=134220 project_image_fid=352610]

Melrose Central is far more than a food precinct. Spanning 30,000 sqm across four levels, the shopping centre will be home to approximately 100 retailers, providing a total lifestyle offering from morning until late evening.

Fresh food offerings span a brand new Coles Supermarket, Local Grocer, Korean Supermarket, Bakery and boutique fresh food, as well as a Dan Murphy's, while health needs are covered from a pharmacy, medical centre and allied health. Fitness and wellbeing take centre stage from a dedicated wellbeing hub that includes pilates, recovery, Infrared saunas and a gym, to name a few.

Variety stores will feature throughout, as well as personal care offerings from nail salons to hairdressers, as well as a dedicated early-learning centre on level 1.

[smartcode_project:default project_id=134220 project_image_fid=289888]

Situated above the retail precinct will be 495 Turner Studio-designed apartments that open onto 6,000 sqm of lush podium gardens and rooftop terraces.

Located just six kilometres east of Parramatta’s CBD and 15km from Sydney CBD, Melrose Central forms the retail and lifestyle heart of Melrose Park, an urban-renewal precinct that is set to deliver more than 11,000 homes, 22,000 new residents, and 50,000 sqm of park and open space.

A dedicated stop on Parramatta Light Rail Stage 2 will arrive at the precinct’s Hope Street entrance, and the forthcoming Parramatta Gateway Bridge will link directly to Sydney Olympic Park and Wentworth Point.&nbsp;

Supported by a 10-minute drive, this growing catchment of 200,000 people, which is projected to grow to 279,000 by 2026, and an average household income above the Greater Sydney average, Melrose Central embodies Deicorp’s vision for transport-oriented, community-focused placemaking.&nbsp;

Melrose Central street food precinct and the wider Melrose Central retail town centre are both slated to open in mid-2026.

[smartcode_project_cta:default project_id=134220]

Melrose Central: First-of-its-kind culinary precinct coming to Sydney’s West

<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> has unveiled the fifth and final stage of its $1 billion Norwest community, The Orchards.

The final stage, <a href="https://www.apartments.com.au/new-apartments/zeste-at-the-orchards-norwest-104-fairway-drive-norwest-nsw-2153">Zeste</a>, will deliver 209 apartments across two distinctive buildings, Essence and Eden. The 135 apartments in Essence will be the first to be released to the market, which will bring to an end the decade-long vision to create a&nbsp;neighbourhood defined by design excellence, sustainability, and community engagement.

&nbsp;

&nbsp;

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=351878]

David Lee, Sales Manager at Sekisui House Australia said, Zeste's oversized living spaces and diverse apartment mix, which includes the introduction of&nbsp;Breezeway Sky Homes for the first time, deliver a unique lifestyle offering.

Early purchasers will benefit from exclusive VIP pricing as well as the choice of one premium upgrade, which Lee says is a "thank you" for their commitment to the project.

[smartcode_project:default project_id=150510 project_image_fid=351876]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, Zeste embodies Sekisui House’s global design philosophy of creating harmony between people, homes and nature. Principal Ben Pomroy explained that Zeste is about living within the landscape.

“With two large courtyards, the lagoon pool precinct for the wider community and a central courtyard with pavilion exclusively for Zeste residents, the architecture frames an experience of living in a park," Pomroy said.

“Over 50 per cent of the site is landscaped, ensuring a deep connection to nature at every stage of daily life. The buildings are designed as a collection of smaller, finer-grain forms, with over 85% of apartments enjoying dual aspects.

“The focus on natural ventilation, generous layouts and communal interaction creates a residential environment that is both sustainable and socially connected.”

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=351886]

Natalie Shalala, a member of Rothelowman’s interiors team said they reimagined the former site’s Orchard homestead with a contemporary twist. &nbsp;

“The design draws on the nostalgia of the past orchard – timber floors, the warmth of a fireplace, the rituals of the homestead and reinvents them for modern apartment living,"&nbsp;Shalala said.

“We have created two tonal palettes, one with pale honey undertones and another with a soft blush inspired by nectar. A highlight feature is the cathedral glass light box, a bespoke design element that re-interprets the classic lantern. It is both beautiful and functional, tying kitchen and bathroom spaces together in a way that feels entirely unique."

Shalala said the&nbsp;day-to-day liveability has been carefully considered, with abundant storage solutions, butler’s pantries, bike storage and joinery designed to simplify routines and enhance comfort.

&nbsp;

[smartcode_project:default project_id=150510 project_image_fid=352090]

Apartments in Zeste start from $715,000 for one-bedrooms and extend through to expansive three-bedroom Sky Homes priced from $2.25 million. Floorplans range from 59 sqm to 144sqm.

The mix in Essence comprises 41 one-bedroom, seven one-bedroom + Max space, 39 two-bedroom, 40 two-bedroom Breezeway Sky Homes (24 of which include additional Max spaces), and eight three-bedroom residences.&nbsp;

Max spaces are integrated into select residences, offering a flexible room that can be tailored to individual needs, ideal as a home office, children’s play area, or additional storage.

[smartcode_project:default project_id=150510 project_image_fid=351881]

Zeste continues Sekisui House Australia’s partnership with Altogether Group, providing sustainable water, power and data services to residents. Passive design strategies include cross-ventilation, deep landscaping and water features that encourage evaporative cooling, aligning with The Orchards long-term environmental goals.&nbsp;

Construction is set to commence on the Zeste buildings in early 2026, with completion anticipated in late 2027 to early 2028.&nbsp;

More than 850 apartments have been sold across the masterplan, contributing to The Orchards community of 1,300 apartments when complete.

[smartcode_project_cta:default project_id=150510]

Sekisui House Australia launches Zeste, the final stage of its $1 billion Norwest masterplan

A significant addition to the Bella Vista Station Precinct is in the pipeline, with <a href="https://www.apartments.com.au/developers/landen-property">Landen</a> formally lodging a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/40-memorial-avenue-bella-vista-40-memorial-avenue-nsw-2153">new apartment community on Memorial Avenue</a>.

Positioned beside the Elizabeth Macarthur Creek corridor, the project is among the first major transit-oriented residential proposals within the Metro precinct.

The masterplan, designed by&nbsp;<a href="https://www.apartments.com.au/architects/turner-studio">Turner Architects</a>,&nbsp;outlines a four-stage delivery, comprising four buildings between four and fifteen storeys, and includes a mix of one-, two-, and three-bedroom apartments, alongside a limited selection of four-bedroom penthouses and terraces.

The project places a strong emphasis on housing diversity and liveability, with apartment sizes ranging from 50 to 180 sqm. The first stage will deliver 213 dwellings, followed by 231 in the second stage. Construction is expected to commence in 2026, pending approvals.

<img alt="Bella Vista Apartments" data-entity-type="file" data-entity-uuid="bb3d84b1-d2df-4e26-915a-31b27faf9b1a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/View02_01-scaled.jpg?VersionId=Gb0AUtZ3VXsLxrqUaw_AwT_vcBwQ_FJu" />

As the first transit-oriented development (TOD) in the precinct, Landen’s Bella Vista community has been designed to align closely with the surrounding Metro infrastructure. The proposal integrates new pedestrian and cycling paths, a new bridge over Elizabeth Macarthur Creek, and direct access to Bella Vista Metro Station.

Lush communal amenities are also central to the design. 'The Grove' and the 'Garden Link' will create landscaped community areas that reflect the area's agricultural heritage and provide direct access to the creekside.&nbsp;

The ‘Garden Patio’ is conceived as a multi-use indoor-outdoor facility offering a gym, study nooks, and communal lounge spaces.&nbsp;Rooftop terraces across the buildings will offer views to the Blue Mountains and Parramatta skyline.

<img alt="Bella Vista Apartments" data-entity-type="file" data-entity-uuid="778da409-d5cf-4e7d-9ba9-0c36990bf0b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/landen-bella-property-image.jpg?VersionId=ukPpmVcHF71xRc7U3MUT5rtGwOsntMMz" />

Landen’s Head of Property, Shane Harding, said the proposal highlights the developer’s precinct-scale ambition.

“As the first TOD proposal in Bella Vista, it highlights Landen’s ability to pioneer precinct-scale projects, integrate housing with infrastructure, and deliver outcomes that align with government priorities,” Harding told the Daily Telegraph.

The project arrives at a time of rapid growth in Western Sydney, with Bella Vista alone forecast to more than double in population by 2046. The development’s location, between the Bella Vista and Kellyville Metro stations, positions it as a connected lifestyle hub for families, professionals and downsizers seeking access to transport, schools, and employment centres.

Pending approval, the development is slated for completion in 2028.

Landen plans 444-apartment community in Bella Vista Metro zone

Victorian

In a significant policy move aimed at stimulating the property market, the Victorian government has announced a major reduction in stamp duty for off-the-plan apartments, units, and townhouses.

Effective from October 21, 2024, the expanded concessions will apply to all eligible off-the-plan purchases and will remain in place for one year.

This initiative, designed to address the state’s housing affordability crisis, opens a window of opportunity for prospective buyers, particularly investors and owner-occupiers, to secure substantial stamp duty savings.

Key Changes to Stamp Duty Concessions

Previously, stamp duty on off-the-plan purchases was calculated based on the total price of the property, including the construction value. Under the new scheme, stamp duty will be calculated solely on the land value before construction begins. This shift in policy significantly reduces the financial burden for buyers, particularly in metropolitan areas where property prices continue to rise.

For example, a Victorian purchasing an off-the-plan apartment valued at $620,000, with the land component valued at $77,500, will now pay just $4,000 in stamp duty—down from $32,000. This $28,000 saving represents a significant reduction in upfront costs for property buyers, potentially unlocking the market for a wider demographic.

The changes also eliminate the previous cap on concessions, expanding eligibility beyond first-home buyers to include any purchaser of off-the-plan apartments, units, or townhouses within a strata subdivision.

<a data-entity-type="file" data-entity-uuid="69bb2163-758b-4133-85ae-a669cf3061bb" href="/developments/melbourne-vic"><img alt="Search New &amp; Off-the-Plan Property across Victoria" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-21%20at%208.49.26%20am.png?VersionId=tO1ATB0FSWLbOgFkHuqwpy6iUKclkflP" /></a>

Who Benefits from the Scheme

The new stamp duty concessions are aimed at boosting sales in Victoria’s off-the-plan sector, which has been slowing due to high taxes and market uncertainty. The scheme covers properties that are part of a strata subdivision. However, it excludes house and land packages or dwellings not part of a strata subdivision.

Existing concessions for first home buyers remain unchanged. Homes valued up to $600,000 will continue to benefit from full stamp duty exemptions, and concessions apply to properties valued up to $750,000.

A Limited-Time Opportunity for Buyers

The stamp duty concession is a time-sensitive initiative, with the expanded benefits available only until October 21, 2025. Buyers who are considering entering the market are urged to act promptly to take advantage of the scheme, as the concession will revert to its previous structure after this period.

For developments currently under construction, buyers are also eligible for reduced stamp duty, although the exact savings will depend on how much of the construction has been completed at the time of purchase.

Impact on the Market

The Victorian property industry has long advocated for a reduction in stamp duty, arguing that the high upfront cost has acted as a deterrent for both buyers and developers. By lowering these barriers, the government aims to revitalise the market, particularly in Melbourne, where apartment supply has struggled to keep pace with demand.

The concessions are expected to have a positive ripple effect on the rental market as well, as more off-the-plan properties come online. Developers will benefit from increased pre-sale success, helping them to meet financing requirements and commence construction sooner.

What Buyers Need to Know

For those interested in purchasing an off-the-plan property, the expanded stamp duty concessions represent a rare financial advantage. The Victorian government's removal of the concession cap makes this offer more widely available than previous schemes, opening the door for both investors and owner-occupiers to secure valuable savings.

Apartments.com.au will continue to provide updates on off-the-plan developments and related policy changes. Buyers interested in learning more about the stamp duty reduction can explore our latest listings or contact us for further insights into how this change could benefit them.

Summary of Eligibility:

<ul>
	<li>Applies to off-the-plan apartments, units, and townhouses within a strata subdivision.</li>
	<li>Stamp duty calculated based on land value, not total property price.</li>
	<li>Available for one year, ending October 21, 2025.</li>
	<li>No cap on eligibility; open to all buyers, not just first-home purchasers.</li>
	<li>With the Victorian government’s stamp duty concession, now is an ideal time for property buyers to enter the market while this limited offer remains available.</li>
</ul>

Victorian government's stamp duty cuts on off-the-plan apartments, units, and townhouses offer significant savings for property buyers. Learn more about eligibility, how to benefit, and why now is the prime time to buy with these expanded concessions.

Michael Bird

VIC Government slashes stamp duty for off-the-plan property buyers - savings available immediately, Oct 2024

Off the plan apartments in Melbourne&#39;s sought-after eastern suburbs offer an affordable entry price in to the property market.

The east is made up by the likes of&nbsp;Glen Waverley, Hawthorn, Box Hill, Kew and&nbsp;Canterbury.

Urban has taken a look at four of the top apartments for sale East&nbsp;of the Melbourne CBD.

1. Sky Garden, Glen Waverley

Two-bedroom apartments from $668,000

[smartcode_project:default project_id=2881 project_image_fid=148771]

GoldenAge Group have recently completed their development Sky Garden Glen Waverley, located above the redeveloped shopping centre The Glen.

The three towers, designed by&nbsp;Rothelowman, home 536 apartments, with only around 75 left to sell.

Prices starting from $498,000 for one bedroom apartments and $668,000 for two bedroom apartments. Three bedroom apartments are priced from $1,118,000.

Sky Garden residents will have access to a resident-only rewards program.&nbsp;The customised app gives residents a reward program for retail outlets in The Glen shopping plaza.

2. Hawthorn Park, Hawthorn East

Two-bedroom apartments from $670,000

[smartcode_project:default project_id=3730 project_image_fid=158928]

For those&nbsp;prioritising luxury living, Hawthorn Park in Melbourne&#39;s Camberwell is turning heads.

Designed by multi-award-winning architect, Rothelowman, Hawthorn Park reimagines the norm of apartment living.&nbsp;

Hawthorn Park boasts unparalleled amenities - from Melbourne&#39;s first sky pool and theatre rooms in selected apartments to a stunning sky lounge and approximately 2000 square metres of parkland curated by landscape architect Jack Merlo.&nbsp;

Pack with features&nbsp;you are definitely getting the above and beyond with resort style amenities.

3. TWO51 on Swan, Richmond

Two-bedroom apartments from $1,030,000

[smartcode_project:default project_id=3298 project_image_fid=30548]

Expected to reach completion in August, TWO51 on Swan offers the rare opportunity for half and full-floor penthouses in Melbourne&rsquo;s Richmond.

Blueprint Projects&rsquo; development offers buyers two, three and four-bedroom configurations in the art deco-inspired building, designed by Watson Young Architects.

Other features include a grand lobby, open-plan layouts, and an expansive open-air &lsquo;winter garden&rsquo;, with integrated balustrades finished with stone, timber and metal textures.

4. Light Edge

One-bedroom apartments&nbsp;from $400,000

[smartcode_project:default project_id=2439 project_image_fid=95045]

Also in Richmond but appealing more to the first home buyer is Light Edge, the BPM developed block of 31 apartments designed by DKO.

One bedroom apartments in the six level complex start from $400,000, which includes a parking space, and sits just over one kilometre from The G.

Both striking and luxurious, residents are welcomed into curated spaces of exquisite materials and finishes including stone, polished chrome and beautifully considered oak timbers. Light Edge&rsquo;s interior design responds to the demands of contemporary urban living, while car and storage facilities deliver convenience and security

5. The Parade

One-bedroom apartments starting from $465,000

[smartcode_project:default project_id=3194 project_image_fid=25875]

Coming to Box Hill is The Parade, designed by award-winning architects&nbsp;Hayball and comprising of 58 one and two bedroom residences across 12 floors.

The building&rsquo;s signature cascading facade gives the ability to deliver generous balconies with uninterrupted sky views and light-filled living spaces and varied floor plans to appeal to a diverse range of buyers.&nbsp;

Living in Box Hill is effortless, with tree-lined streets, parks, reserves, schools, employment, major shopping and transport options all within walking distance from your home.

The Parade is 14km from inner-city Melbourne. With the Box Hill Station and an extensive tram line on Whitehorse Road, travelling is simple and easy.

Urban has taken a look at five of the top apartments for sale east of the Melbourne CBD

jordan_55689

Top apartments you can buy in Melbourne's eastern suburbs

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REIV President Leah Calnan says the Victorian Property Market achieved record-breaking growth prior to the outbreak of Coronavirus.
During the March Quarter metropolitan, houses soared to a new record height, eclipsing $890,000 for the first time, a 3.7 % growth on the previous December 2019 quarter.
Metropolitan Units followed this strong trend reaching over $640,000.
Records were smashed in the Outter Melbourne region with both Houses and units reaching new high values.
While Inner and Middle Melbourne, the price of units grew to new heights and even outperformed the growth of houses in those regions.
Growth continued evenly across regional Victoria with gains in both units and houses. Greater Bendigo has fared very well featuring five suburbs in the list of top 20 suburbs for quarterly growth for regional Victoria.
<img src="https://www.urban.com.au/images/2020/4/24/Melb%201.JPG" alt="">
REIV President Leah Calnan said the March Quarterly Medians shows that the Victorian property juggernaut was in peak form before the outbreak of Covid-19
“2020 has been an amazing year for real estate; property values have reached new heights across the state during January, February and March.” Ms Calnan said.
“Investors in the Victorian property will be thrilled with these figures, units and houses have soared in value; our market is in red hot form.”
“Our local market is strong and resilient; buyers from across the globe are have shown great interest in Victoria.”
“Everybody wants to get in on the action; we were regularly getting over 1000 homes sold at auction over a weekend, competition for houses in Victoria remains strong.”
“In chaotic times such as we are battling now, it is a much welcome relief to be able to see some good news, Victorian real estate is in great condition.”
“Our industry is strong, and we will survive Coronavirus, the desire for Victorian real estate is high when this over we look forward to more fantastic results,” she concluded.
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j.ballantyne1990-6AQqhLzZaK

Victorian property market was in peak form pre-coronavirus: REIV

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Tara, an inner west grand Victorian Italianate manor at Enmore, has been listed for sale.
<a href="https://www.realestate.com.au/property-house-nsw-enmore-128370658" target="_blank">The 1880 Edgeware Road house</a> was built for music teacher Mrs Ryan.
It was named Tara in memory of a sight in Dublin which has been a sacred place for the Kings of Ireland for millennia. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/16/enmore3.jpg" alt="">
For the last nine years Tara has been a guest house rated by trip advisor as their top bed and breakfast in Sydney for 95% of this period. 
It has enjoyed similar accolades in the British Guardian Newspaper, Lonely Planet, Louis Vuitton’s Travel Guide and a number of prestigious travel magazines.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/16/enmore2.jpg" alt="">
A sweeping staircase leads up to four oversized bedrooms, with high ceilings, marble fireplaces, enjoying either a leafy outlook across the verandah and front lawns, or sweeping district views. 
Additional accommodation includes a self-contained studio/ sixth bedroom with private independent access via Francis Street.
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Enmore's Tara guest house listed for sale

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A Melbourne property co-owned by comedian Andy Lee and his brother sold at weekend auction.
Lee and girlfriend Rebecca Harding entered the <a href="https://www.realestate.com.au/sold/property-house-vic-seddon-126527802" target="_blank">Seddon house</a> before the auction which saw the home sell for $1.04 million, well above its $730,000 to $800,000 marketing guide.
The agency's initial price guidance had been $700,000 to $770,000.
It last traded at $655,000 in 2010.
Renovated since their 2010 purchase, the single-fronted Victorian has two bedrooms, a study nook and an enclosed alfresco terrace.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/2/Seddon2.jpg" alt="">
Fletchers Real Estate Canterbury agents Harpreet Walia and Nick Fletcher sold the home.
It had been a rental for most of the past five years with asking rents around $480 to $500 a week.
Another Melbourne comedian has been busy in the property market.
Dave Hughes bid $3.07 million for the renovated Block Elsternwick home of winners Josh and Elyse at the televised auction last weekend.
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Comedian Andy Lee sells renovated Seddon home

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A recently upgraded Victorian building in Richmond Hill in Melbourne’s inner east was sold to a Melbourne based investor for $1.15 million.
The 3.48 per cent yield brokered by Teska Carson’s Fergus Evans and Tom Maule was for the <a href="https://www.realcommercial.com.au/property-retail-vic-richmond-502485230" target="_blank">410 Church Street</a> property which has three street frontages, is well connected by transport and close to Richmond’s major retail and entertainment precincts.
The two-storey 400 square metre, Victorian building in excellent condition throughout as a result of recent improvements and features an open plan layout providing purchasers with an abundance of options.  
It is currently leased to a skin and laser clinic on a two year term with a two year option at a current net annual rental of $44,995 plus GST.
It last sold in 1988 at $298,000.
The Neighbourhood Residential zoning aims to manage and ensure development respects the identified neighbourhood character, heritage, environmental or landscape characteristics.
The marketing agents are Teska Carson said the area is arguably, Melbourne’s best and most sought after city-fringe precinct with vacancies at an all-time low, and a number of commercial developments with pre-lease agreements are underway.
Nearby a Melbourne based private investor has paid $2.6 million at a Teska Carson auction for a freehold investment property, the recently updated 316 Church Street property which comprises a two storey, 400 square metre, Victorian building on a 290 square metre site with three street frontages including nine metres frontage to Church Street, 30 metres to Darlington Parade and access via a rear laneway.
It sold last year at $2,585,000 and at $2.25 million in 2015.
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Victorian building in prestigious Richmond Hill sold on a 3.48 per cent yield

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Corralyn, one of Clovelly's finest Victorian Italianate homes has been listed for sale.
Built in <a href="https://www.realestate.com.au/property-house-nsw-clovelly-126569674" target="_blank">1890, Corralyn</a> has maintained its classical grandeur with added contemporary fittings.
It has been owned by the Richardson family for over two decades after they paid $660,000 in 1996.
The landmark residence has only ever had two families in 90 years of ownership.
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Set on a 445 sqm Arden Street parcel, the home with 120 year old reclaimed wooden floorboards has four bedrooms, two bathrooms, a study space and an 800 bottle wine cellar.
An 11 metre gas heated pool sits in the gardens.
Phillips Pantzer Donnelley agents Jason Pantzer and Charlie Beaumont are marketing the home for an October 28 auction for ad-man Nick Richardson and his wife Tracy. 
 
 
 
 
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1890s Clovelly home Corralyn listed

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Every month, the REIV surveys members on the current and future expectations of the performance of the market. 
The questions asked include member opinions on the number of enquiries, settlements, listings, transactions, and sale/lease prices. 
This information provides insight on the sentiment within the real estate industry.
<a href="https://www.reiv.com.au/Property-Research/Sentiment-Index" target="_blank">The overall sentiment index </a>rose by 6.6% over May 2015 to 129 from 121 in the previous month. 
All index components increased except for expectations for new listings.
<a href="/images/2015/06/30/Pg%205%20-%20Consumer%20sentiment%20vs%20property%20market%20sentiment.ashx.jpeg" target="_blank">Click to enlarge</a>
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Victorian estate agency confidence nearing last peak

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The latest Victorian Property Sales Report - covering the December 2014 quarter - has been released this month.
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The median price of houses in Victoria increased by 6.7% from $450,000 to $480,000 over the December 2014 quarter. 
For the 12 months from December 2013 to December 2014, the median house price in Victoria increased a more modest 2.1%. 
The median price of units in Victoria increased by 5.9%, from $425,000 in the September 2014 quarter to $450,000 at the end of the December 2014 quarter.
 For the 12 months from December 2013 to December 2014, median unit prices increased 2.3% from $440,000.
Metropolitan Melbourne sales statistics for the December 2014 quarter show increases of 6.5% to $570,000 for median house prices, 5.6% to $475,000 for median unit prices. 
For the 12 months to December 2014, median sales prices in metropolitan Melbourne showed increases of 0.9% for houses, 2.6% for units and 5.8% for vacant land.
In the December 2014 quarter the median house price in country Victoria increased by 5.2% from $290,000 to $305,000. Units increased by 6.4% to $250,000, and vacant land increased by 1.5% to $132,000. 
Over the 12 months to December 2014, median sale prices in country Victoria showed a 1.7% increase for houses, 2% increase for units and 2.6% decrease for vacant land. 
Of the 714 listed Victorian locations, 279 had median house price increases for the December 2014 quarter compared to 270 in the September 2014 quarter. Four localities recorded no change, 203 showed a decrease and 228 had insufficient sales. 
The highest number of house sales for the quarter was 230 in Berwick. 
There were 35 locations with 100 or more sales in the December 2014 quarter, the Victorian Valuer-General, Robert Marsh said.
The Victorian Property Sales Report represents 93% of sales across the state, based on official Notices of Acquisition.
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The number of house sales so far recorded across Victoria for the December 2014 quarter is 22,255. 
The number of metropolitan sales for the quarter is expected to culminate at 17,557, which is 16.4 per cent higher than the September 2014 quarter and 9.6% higher than the December 2013 quarter.
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The data indicates that the driving factor in the 6.5% increase in metropolitan Melbourne housing values were localities within 20km of Melbourne. 
The following table demonstrates the volatility in median house price changes and indicates the need for data analysts to undertake their own detailed research.
 
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Inner suburbs (within 10 km of Melbourne CBD)
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Eastern Suburbs (10-20 km from Melbourne CBD)
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Western suburbs (10–20 km from Melbourne CBD)
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Outer-western suburbs (20+ km from Melbourne CBD)
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Outer-eastern suburbs (20+ km from Melbourne CBD)
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