Melbourne off the plan apartments

Buyer demand across the country is shifting to units as housing affordability continues to put a strain on budgets.

Research by property data analytics company CoreLogic shows worsening affordability, particularly in capital city markets where house prices have soared.

CoreLogic Economist Kaytlin Ezzy says demand is now tilting towards unit and apartment living due to affordability concerns, particularly in capital cities.

"House values surged nearly 40 per cent since March 2020, while unit values rose 17.9 per cent, indicating the widening gap between house and unit values," Ezzy says.

<img alt="House vs Unit growth" data-entity-type="file" data-entity-uuid="488729a0-d3ea-441b-952b-da4978c13edb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2405_COTM.PNG?VersionId=J38cRtz3_VtXJL8a4njyWTPBtzxbrtDd" />

&nbsp;

Hobart is the only capital that saw stronger value growth in houses (0.8 per cent) compared to units (0.6 per cent) over the three months to April.

"Given the worsening affordability environment and the growing possibility that interest rates could be higher for longer, it's unsurprising that demand has skewed towards the more affordable unit sector," Ezzy added.

Over the three months to April, lower quartile dwelling values rose three per cent, more than twice the pace of upper quartile values (1.1 per cent), with growth conditions continuing to be skewed toward the more affordable section of the market.&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/city-beat-may-2024-sydney-unit-growth-doubles-houses-in-april">City Beat May 2024: Sydney unit growth doubles houses in April</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/city-beat-may-2024-gold-coast-unit-market-continues-to-surge">City Beat May 2024: Gold Coast unit market continues to surge</a>

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/city-beat-may-2024-brisbane-unit-growth-doubles-houses-in-april">City Beat May 2024: Brisbane unit growth doubles houses in April</a>

The prolonged high-interest rate environment has seen buyer demand continue to skew towards more affordable housing alternatives, with most capitals now recording stronger growth in the more affordable unit sector

Urban Editorial

Apartment and townhouse value growth surges ahead of houses amid tightening affordability: CoreLogic

Local owner-occupiers have jumped at Mirvac's new Brunswick apartment development, Prince &amp; Parade.

<a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, on the doorstep of the 39-hectare Princes Park, home of Carlton Football Club, walking paths, sports grounds, and playgrounds, has proven to be a hit with local buyers from <a href="https://www.urban.com.au/developments/brunswick-vic">Brunswick</a>, as well as the neighbouring&nbsp;<a href="https://www.urban.com.au/new-apartments/parkville-vic">Parkville</a>, <a href="https://www.urban.com.au/new-apartments/princes-hill-vic">Princes Hill</a>, and <a href="https://www.urban.com.au/new-apartments/carlton-vic">Carlton</a>.

There's been an influx of purchasers who are working in the medical industry in particular, given the development's proximity to several local hospitals. Prince &amp; Parade's location has also proven favourable for academics who work at highly prestigious local universities like <a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>&nbsp;University and RMIT.

[smartcode_project:default project_id=4802 project_image_fid=217113]

The parkside location has been one of the biggest drivers in purchasing, according to <a href="https://www.urban.com.au/developers/mirvac">Mirvac</a>. The Urban community has also marked the great location as the biggest key strength of the project.&nbsp;There are few opportunities to be so connected to nature in inner-city Melbourne.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/on-the-doorstep-of-princes-park-how-mirvacs-prince-parade-takes-advantage-of-its-park-side-location">On the doorstep of Princes Park: How Mirvac's Prince &amp; Parade takes advantage of its park side location</a>

There's also confidence in Mirvac's ability to deliver quality as an ASX-listed developer who has completed a string of apartment developments across Australia over the last five decades.

[smartcode_project:default project_id=4802 project_image_fid=269392]

Designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a> in collaboration with <a href="https://www.urban.com.au/architects/mirvac-design">Mirvac Design</a> and landscaped by <a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, Prince &amp; Parade comprises one, two, three, and four-bedroom apartments.

The fully electric Prince &amp; Parade features a residents' lounge and dining room, as well as a rooftop terrace with extensive panoramic views of Melbourne.

Prince &amp; Parade is just four kilometres from the CBD and is within walking distance of the historically vibrant suburbs of Melbourne's inner north. It's also just a short walk to Jewell Train Station and Royal Park Train Station.

Early site works by <a href="https://www.urban.com.au/builders/mirvac-construction">Mirvac Construction</a> have commenced, with Prince &amp; Parade's completion slated for June 2026.

[smartcode_project_cta:default project_id=4802]

Joel Robinson

Location and brand recognition drive sales at Mirvac's Prince & Parade apartments in Brunswick

Melbourne's well-documented supply chain woes aren't easing in a hurry.

There were some notable development applications however submitted across the capital in April, some of which will bring some much-needed density to the apartment sector.

Of course, these projects won't be realised for several years, with the approval phase, marketing, and then the build generally making the lifespan of a new development between four to five years, depending on density and the speediness of the approval process.

We've wrapped up some of the biggest and best development applications across Melbourne in April.

<h2>Address: 99-109 Lorimer Street, Docklands</h2>

Melbourne&nbsp;developer Ross&nbsp;Pelligra&nbsp;is set to take on one of his largest projects to date, lodging plans for a huge multi-stage precinct in Melbourne's&nbsp;growing Fishermans Bend precinct.

Development manager <a href="https://www.urban.com.au/developers/citinova">Citinova</a> has proposed a four-tower development, designed as a "cohesive 'family' of towers" by Architectus, that will bring over 1000 apartments to the chronically undersupplied Melbourne market.

One of the towers will be dedicated build-to-sell, while there will be more build-to-sell apartments in tower two that will also home 200 hotel rooms and extensive amenities.

<img alt="First look exclusive: Citinova plot multi-tower development in Fishermans Bend" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-19%20at%204.18.10%20pm.png?VersionId=eogu21v9z8UCqB3bNm08l5GSzxKbbgXs" />

Tower three will be a commercial office tower that may suit a coworking provider, and Tower Four will be build-to-rent apartments. All the towers will be linked by a podium that will feature vibrant laneways with an arts and culture hub, retail tenancies and an urban grocer.

The five-stage project will also include an unencumbered 3,075 sqm public open space.

Landscape architect <a href="https://www.urban.com.au/landscape-architect/mala">Mala Studio</a> has been part of the design, as have planning consultants <a href="https://www.urban.com.au/landscape-architect/tract-landscape-architects">Tract</a>.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/first-look-exclusive-citinova-plot-multi-tower-development-in-fishermans-bend">First look exclusive: Citinova plot multi-tower development in Fishermans Bend</a>

<h2>Address: 616-646 High Street, Prahran</h2>

<h2>Developer:&nbsp;Abadeen</h2>

Having launched&nbsp;<a href="https://www.urban.com.au/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, a collection of just seven luxury apartments on&nbsp;<a href="https://www.urban.com.au/developments/malvern-east-vic" target="">Malvern East</a>'s Central Park,&nbsp;<a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a>, led locally by former&nbsp;<a href="https://www.urban.com.au/project-marketer/cbre-residential-australia" target="">CBRE</a>&nbsp;Director&nbsp;<a href="https://www.urban.com.au/content/abadeen-officially-announce-expansion-into-victoria-with-two-luxury-projects" target="">Andrew Leoncelli</a>, has filed plans for its next project.

They'll be developing a boutique building in Prahran at&nbsp;<a href="https://www.urban.com.au/new-apartments/616-646-high-street-prahran">616-646 High Street</a>,&nbsp;on the corner of&nbsp;Airlie Avenue and High Street near&nbsp;<a href="https://www.urban.com.au/news/toorak-park-delivers-where-it-matters-most" target="">Toorak Park</a>&nbsp;and Orrong Romanis Reserve.

<img alt="First look: Abadeen lodge plans for second Melbourne apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-17%20at%2011.05.29%20am.png?VersionId=79fVjZ.l2snAFEPFAw3RuGyQuZFmK7pW" />

They had&nbsp;<a href="https://www.urban.com.au/architects/carr-design" target="">Carr Design</a>&nbsp;a four-level building that curves around a Smooth Bark Apple tree, immovable as it's listed as a national trust significant tree.

There will be 26 apartments across the four levels, a mix of two-bed, two-bed plus studies, and three-bed apartments. They will sit above two levels of the basement with parking for 56 cars.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/first-look-abadeen-lodge-plans-for-second-melbourne-apartment-development">First look: Abadeen lodge plans for second Melbourne apartment development</a>

<h2>Address: 38 Clarke Street, Southbank</h2>

<h2>Developer: LAS Group</h2>

Melbourne developer&nbsp;<a href="https://www.urban.com.au/developers/las-group" target="">LAS Group</a>&nbsp;has submitted plans for a new 25-level tower in the heart of&nbsp;<a href="https://www.urban.com.au/developments/southbank-vic" target="">Southbank</a>.

<a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a> has put together plans for the 188-apartment tower at 38 Clarke Street, on the corner of City Road and Clarke Street just behind Crown Melbourne.

<img alt="First look exclusive: LAS Group propose Fender Katsilidis apartment tower in Southbank" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/38%20Clarke%20-%20render.jpg?VersionId=B3il28IAk1qJEHo4edK3uCToCRSrDKVc" />

In contrast to the neighbouring buildings with predominantly glass facade buildings, 38 Clarke Street embraces the industrial heritage of the area, with the building's lower level finishes drawing on the 19th-century local vernacular found on City Road with rich red brick detailing and arched windows.&nbsp;

The lower ground level at street level features resident amenities including a dedicated bike lobby and parking area, pool and gym.&nbsp;

The top of the podium features a densely planted native garden bed designed by renowned Tract Landscape Architects.&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/first-look-exclusive-las-group-propose-fender-katsilidis-apartment-tower-in-southbank">First look exclusive: LAS Group propose Fender Katsilidis apartment tower in Southbank</a>

<h2>Address: 81A Bell Street, Coburg</h2>

<h2>Developer: Blue Earth Group</h2>

Amenity-centric Melbourne&nbsp;developer&nbsp;<a href="https://www.urban.com.au/developers/blue-earth-group">Blue Earth Group</a>&nbsp;is trying again to get its&nbsp;<a href="https://www.urban.com.au/developments/coburg-vic" target="">Coburg</a>&nbsp;development approved.

The plan is for over 444 apartments and townhouses designed by&nbsp;<a href="https://www.urban.com.au/architects/cht-architects" target="">CHT</a>&nbsp;Architects on what the planning documents call a "significant land parcel" given its location on the south-western corner of Bell and Rodda Street which forms the entrance/gateway to the&nbsp;<a href="https://www.urban.com.au/new-apartments/coburg-vic">Coburg</a>&nbsp;Major Activity Centre (‘MAC’).

<img alt="Blue Earth Group to push on with three-tower Coburg development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-02%20at%209.52.17%20am.png?VersionId=33G.L9WvG3b_3KSGDsF.27.kfuTMfVy1" />

The revised design response continues a similar design concept, containing three buildings ranging in height from five to 11 storeys, with large areas of publicly accessible open space and pedestrian links provided within the site that is bordered by ground floor activity with the provided building separation and setbacks consistent with the Tribunal’s findings in maximising daylight receipt to the apartments and sunlight to provide open space areas.

Proposed are 223 one-bedroom apartments, the majority with a study, 195 two-bedders, 15 three-bed apartments, and 11 townhouses.

There will be around 239 sqm of shop floor space and 106 sqm of food and drink premises.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/blue-earth-group-to-push-on-with-three-tower-coburg-development">Blue Earth Group to push on with three-tower Coburg development</a>

There's been applications submitted in April from Citinova, Blue Earth Group, Abadeen, and LAS Group

The top four new apartment developments planned across Melbourne in April

ASX-listed developer Mirvac is continuing to position itself as one of the biggest apartment developers in Melbourne, with a string of their completed developments and new projects resulting in a huge contribution to the Melbourne apartment market.

One of their newest towers is <a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/new-apartments/trielle-at-yarras-edge-16-point-park-crescent-docklands&amp;source=gmail&amp;ust=1715126368950000&amp;usg=AOvVaw278ZIHnPwnmeJ2MGVfEyqc" href="https://www.urban.com.au/new-apartments/trielle-at-yarras-edge-16-point-park-crescent-docklands" target="_blank">Trielle</a>, part of the Yarra's Edge precinct <a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developers/mirvac&amp;source=gmail&amp;ust=1715126368950000&amp;usg=AOvVaw1ddk-ImzH0WJSVM44ekpDc" href="https://www.urban.com.au/developers/mirvac" target="_blank">Mirvac</a> been masterfully developing for over two decades.

Perfectly positioned on the north-facing bank of the Yarra River, just two kilometres from Melbourne’s bustling CBD, Yarra’s Edge offers lush parks and playgrounds, a&nbsp;1.3 kilometre riverfront promenade, retail and dining options, and for boating enthusiasts – Marina YE.

Trielle&nbsp;is one of&nbsp;Mirvac's most amenity-filled projects they've ever developed, with every facility from a&nbsp;wellness centre designed by&nbsp;Australia’s leading&nbsp;spa expert Naomi Gregory&nbsp;complete with 25-metre lap pool and spa, biophilic gym, magnesium spa, cold-pail contrast treatment and day spa treatment rooms to hybrid and flexible work options including a resident library with business-class work pods as well as the Mills Place dedicated office spaces.

Relaxation and entertainment amenity has not been overlooked with a piano bar, resident dining room, cinema room, games room, golf simulator studio, teppanyaki barbecue with adjoining outdoor dining and dog wash bay being a welcome addition to every resident's home.

We recently visited Trielle's display suite, onsite at 16 Point Park Crescent, Docklands,&nbsp;to look at the development in more detail.

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Inside Trielle: Urban's display suite tour of Mirvac's latest stage at Yarra's Edge

Property developer Wickton is continuing to move fast in Melbourne's development space.

<a href="https://www.urban.com.au/developers/wickton">Wickton</a>, led by Blanco Norton and architect Will Leaf, has just secured approval for a mixed-use development in the Hawksburn Village precinct, on the border of South Yarra and Prahran.

They secured 387-403 Malvern Road, near Hawksburn Station,&nbsp;late last year. The 1,436 sqm site had approvals in place for both a full residential project and a full commercial project.

Leaf, whose architecture practice <a href="https://www.urban.com.au/architects/ewert-leaf">Ewert Leaf</a>&nbsp;is designing three other mixed-use buildings in the Hawksburn Village precinct, redesigned the plans to create a collection of luxury apartments above strata offices and ground-level retail.

"Our goal is to create a true mixed-use typology that draws inspiration from the locale's rich contextual fabric," Will Leaf said.

The design blends brick, steel, and glass with strong vertical forms and generous apertures to create a balanced and sympathetic addition to the village streetscape.

<img alt="Malvern Wickton" data-entity-type="file" data-entity-uuid="9081276c-fd7c-4bcb-8853-3256ad181afa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-23%20at%2010.49.59%20am.png?VersionId=xSgeVO3PqivKPJOHBrzST63JHqNxOlYb" />

There will be a vibrant ground floor retail with premium hospitality and retail spaces that will anchor three levels of strata offices. Seven two and three-bedroom apartments will occupy the top two levels of the building,

The designs were altered from the previous plans so the floorplates expanded, which meant the apartments sat above the building's large privacy screens and the adjoining buildings so both levels of apartments take in uninterrupted views across Melbourne and back to the city skyline.

Blanco Norton said Hawksburn Village is going through a&nbsp;renaissance.

"The village is starting to come alive again," Norton said.

"It's a much more affordable proposition from both a residential and commercial standpoint compared to Toorak village, with all the same level of amenity on the doorstep. It will be the place to be."

Wickton is expecting to start demolition of the bottle shop and adjoining commercial building on the site later this year, and start the build in early 2025. The luxury apartments, two and three-bedders, will hit the market in Q3 2024.

Wickton has been busy in Bayside where late last year they took two owner-occupier focussed projects, both in&nbsp;<a href="https://www.urban.com.au/developments/hampton-vic">Hampton</a>, to the market in the space of a week.

The first project,&nbsp;<a href="https://www.urban.com.au/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>, comprises 27 modern apartments, while the latest release,&nbsp;<a href="https://www.urban.com.au/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>, has just six apartments with views of both Hampton and&nbsp;<a href="https://www.urban.com.au/developments/sandringham-vic" target="">Sandringham</a>&nbsp;Beach. Both were also designed by Leaf's architecture firm&nbsp;<a href="https://www.urban.com.au/news/steller-and-ewert-leaf-combine-for-a-reworked-south-melbourne-apartment-tower" target="">Ewert Leaf</a>.

Wickton also has another upcoming project in the Bayside area.

First look exclusive: Wickton look to South Yarra for latest mixed-use development

Latent Defects Insurance (LDI), is changing the game for off the plan apartment buyers in Australia.

This insurance product provides off-the-plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in. The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

Some of Sydney’s biggest and most respected developers have embraced the new insurance. The likes of Deicorp, Kanebridge, <a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a>, Coronation Property and Urban Property Group have rolled out the insurance across some, if not all of the projects they’re currently undertaking.&nbsp;

Sydney-based Resilience Insurance, the first insurer to launch LDI in Australia, is now taking the product national, and is having conversations with developers in Melbourne, Brisbane, the Gold Coast and Perth.&nbsp;

<h2>How does Latent Defects Insurance work?</h2>

Resilience Insurance CEO Corey Nugent says the insurance, which has been around for about seven decades across the globe, benefits both the purchaser and the developer.

“Ultimately what we’re trying to do is build better buildings the consumers can have trust in, but more importantly improve the post completion and settlement process, so that when buyers take possession, they have full insurance protection, from day one, for 10 years” Nugent says.

“The insurance protects the buyer from any structural defects in the building, and developers who have taken Resilience LDI have reported an uptick in both sales volumes and sale values compared to competing developments that don’t have Resilience LDI.”

[smartcode_project:default project_id=7106 project_image_fid=239175]

While giving confidence to the consumer at the end of the build, Resilience LDI is actually in place throughout the build process. Rather than it solely being used as a rectification product, the insurance kicks in to fix issues when they arise, rather than down the track following completion. Of course the insurance protects owners at that stage too, however the ideal scenario is any problems that come up during the building get fixed well before settlement.

Resilience has a string of expert partners who are onsite even before construction has started to ensure even the ground the development is being built on is structurally sound.

<h2>What does LDI mean for off the plan apartment buyers?</h2>

A survey undertaken by MatterFact, Urban.com.au’s data product, shows the biggest thing holding back prospective purchasers from buying an off the plan apartment is the trust and faith they have in the developer, followed closely by the concern the build won’t be of good quality. It was a common consensus on the survey conducted from state to state, where delivery was much more of an issue raised compared to budgets, approvals or price of the apartment.

[smartcode_project:default project_id=112966 project_image_fid=213736]

“LDI is about to change the game in the off the plan apartment market,” Urban.com.au CEO Mike Bird says, adding that the insurance will be a huge boost to helping solve Australia’s housing crisis.

“With the large imbalance of supply and demand in Australia, there has to be a move to off the plan apartments, but to get there, consumers need to be more confident in delivery.

“Unfortunately the industry has been tarnished by a small number of developers who haven’t acted on behalf of the consumer in the last five years or so. Developers who have Resilience LDI are telling consumers that they’re in a partnership with them, and they will deliver the quality that they promised. If they don’t, then the insurance protects the purchaser, without all the trials and tribulations of litigations and long, drawn out court cases which often cost thousands of dollars as well as significant upheaval whether it be mental or physical.

<h2>How does Latent Defects Insurance impact the developer?</h2>

Data collected by MatterFact also showed 60 per cent of off the plan apartment seekers would pay over 1.5 per cent of the apartment price for it to have LDI cover, which typically outweighs how much it costs a developer to purchase Resilience LDI.&nbsp;

Nugent says there have been instances already where developers have reported prices with a four to five per cent increase due to them having LDI, compared to similar projects in the same area.

[smartcode_project:default project_id=134951 project_image_fid=223715]

While there’s been a handful of progressive new tools to try and build confidence in the off the plan industry, such as the iCIRT-rating system and KMPG’s Building Trustworthy Indicator, no one has gone as far as Resilience LDI in terms of actual protection for an off the plan apartment buyer.

NSW Building Commissioner David Chandler recently lauded the introduction of LDI, suggesting it will improve the design and construction of apartment buildings in NSW.

“These reforms have come about due to the united commitment of government and industry to transform the NSW construction sector,” Chandler said.

“NSW is now in the position of being a national leader in offering an insurance product of this type for Class 2 buildings because of the three years of conscious effort and commitment by Government and industry to the journey we have been on under Construct NSW.

“We’re looking to clean up the market and bring an end to expensive litigation against developers who have deep pockets or subsequently vanish into thin air.”

To find out more about Resilience LDI, <a href="https://resilienceinsurance.com.au/">click here</a>.

Resilience Insurance CEO Corey Nugent says the insurance, which has been around for about seven decades across the globe, benefits both the purchaser and the developer

What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?

Melbourne developer Givoni Projects has revealed its latest apartment development.

After success in boutique apartment developments in Toorak and Prahran, Givoni, led by Paul Givoni, has launched <a href="https://www.urban.com.au/new-apartments/110-112-balaclava-road-caulfield-north">Caulfield North Residences</a>, named after their location in <a href="https://www.urban.com.au/new-apartments/caulfield-north-vic">Caulfield North</a>. Gary Peer is marketing the development of just 17 two and three-bedroom apartments which start from $1.65 million.

Designed by <a href="https://www.urban.com.au/architects/telha-clarke-architects">Tehla Clarke</a>, Caulfield North Residences exhibits a sense of elegance and grandeur characterised by its symmetrical forms, deep window reveals, and horizontal detailing, integrating with the surrounding landscape while exuding permanence.&nbsp;

The fusion of admired nuances of European Modernist architecture and contemporary attributes creates a welcoming and spacious environment inside the homes.

<img alt="Caulfield North" data-entity-type="file" data-entity-uuid="8c305b34-a7a9-4b63-aa56-30137c4ccfe3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-07%20at%2012.25.19%20pm.png?VersionId=VwdkPVWVXvEcFBFkYpsKbYUSaHr6aBnO" />

Generous living areas with timber floorboards meet floor-to-ceiling windows which maximise natural light and open to a balcony. The living spaces also meet the kitchens that feature stone countertops and state-of-the-art appliances and tapware.

Residents have the flexibility to combine floor plans and customise spaces according to their preferences, ensuring that each home reflects the unique style and preferences of its occupants.<img alt="Caulfield North" data-entity-type="file" data-entity-uuid="8823ce57-d0b4-4d75-8817-4ae5c3c4a0d3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-07%20at%2012.25.31%20pm.png?VersionId=kF104mErduIDOJ9wOVkE3Wr_D8tx.CiF" />

Caulfield North Residences come with single-level car parking for security and convenience, and the inclusion of EV charging stations within the garage underscores a commitment to sustainability and modernity.

Located at 110-112 Balaclava Road, Caulfield North Residences offer the perfect blend of tranquillity and accessibility, less than a 15-minute walk to Caulfield Park, a five-minute ride to Caulfield Racecourse, and a 27-minute drive to <a href="https://www.urban.com.au/new-apartments/melbourne-vic">Melbourne</a> CBD.

Caulfield North Residences is slated for completion in July 2025.

[smartcode_project_cta:default project_id=139176]

Located at 110-112 Balaclava Road, Caulfield North Residences offer the perfect blend of tranquillity and accessibility, less than a 15-minute walk to Caulfield Park, a five-minute ride to Caulfield Racecourse, and a 27-minute drive to Melbourne CBD

Launch Alert: New Caulfield North apartments revealed

Hampton is renowned for its beaches, charming streets, and strong community spirit.

Its open parklands and lively centre featuring popular cafes, restaurants, and shopping destinations contribute to making <a href="https://www.urban.com.au/developments/hampton-vic">Hampton</a> an appealing residential choice at any stage of life.&nbsp;

Future residents of developer <a href="https://www.urban.com.au/developers/wickton">Wickton</a>'s <a href="https://www.urban.com.au/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a> can anticipate various local amenities within convenient reach, starting with Linacre Private Hospital just next door, ensuring peace of mind especially for older residents and their families.

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Positioned on a quiet, tree-lined street at 8-10 Linacre Road, residents can enjoy a peaceful environment that is characteristic of Hampton living.&nbsp;

Peace Park, just a two-minute walk away, offers a quiet green space for relaxation and meditation.&nbsp;

The dog-friendly beach at Sandringham Harbour is an eight-minute walk, providing an opportunity for residents to enjoy the beach with their furry pets.

Meanwhile, golf enthusiasts can indulge in their passion at the Sandringham Golf Club, only an eight-minute drive from Linacre Rise.

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Connectivity is another strong point for Linacre Rise. Hampton Train Station is a convenient seven-minute walk away, facilitating easy commuting for residents relying on public transport. There is also a Woolworths situated near the station.

Within a 500-metre radius, residents can explore several restaurants and cafes, including Merrymen Café with just a three-minute walk, and Jac and Mooki, Sebastian’s Food &amp; Wine, and Brown Cow all within a five-minute walking distance.

Education options are also easily accessible. Sandringham Primary School, St Mary's School, and Hampton Primary School are all just a five-minute drive away.&nbsp;

St Leonard's College is six minutes away, and Monash University can be reached within a 20-minute drive.

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Linacre Rise offers 15 two-bedroom apartments starting at $1,275,000, and 12 three-bedroom apartments at $2.05 million.

The development is released back-to-back with its six-apartment counterpart <a href="https://www.urban.com.au/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>, located just a six-minute walk away.

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Positioned on a quiet, tree-lined street, Linacre Rise residents can enjoy a peaceful environment that is characteristic of Hampton living. 

Between Hampton and Sandringham: How Linacre Rise takes advantage of two of Bayside's best suburbs

Developer Wickton&nbsp;entered the Hampton off the plan apartment market late last year with two different projects.

They're both aimed at the owner-occupier, but their more boutique project, <a href="https://www.urban.com.au/new-apartments/58-beach-58-beach-road-hampton">58 Beach</a>,&nbsp;only has two of the six large beachside apartments left, just a four-minute walk from <a href="https://www.urban.com.au/developments/hampton-vic">Hampton</a> Beach.

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Designed by <a href="https://www.urban.com.au/architects/ewert-leaf">Ewert Leaf Architects</a> and landscaping by <a href="https://www.urban.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, 58 Beach is a balance of the built and natural environment.

"The architecture’s coastal-inspired palette combines smooth, filleted concrete spandrels and textured parchment tone bricks, all crowned by verdant pre-oxidised shingles."&nbsp;Ewert Leaf described.

"From within, full-height windows frame immersive views of the lush gardens and the indigo hues of the bay beyond, with intention.

“Each residence is individually crafted through practical spatial planning, abundant natural light, refined materiality, bespoke detailing and premium fixtures and fittings. The interiors are both honest and unique, tailored for the address and crafted for the residents. A distinct feeling of home.”

The living and dining spaces are designed to flow into wraparound garden courtyards or expansive terraces, providing residents with wide beachfront vistas.&nbsp;

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The warm, minimalist interiors boast wide-plank engineered European oak timber flooring, concealed shelf lighting, and a natural stone plinth.

The kitchen, a practical and elegant space, features natural stone benchtops, extensive joinery, brushed nickel cupboard pulls, premium tapware, feature spotlights above preparation areas, and is well-equipped with Swiss V-ZUG appliances housed in a tower arrangement.

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The master suite features a walk-in robe and built-in robes in additional bedrooms.

The estimated completion date for 58 Beach is&nbsp;December 2024. Construction company&nbsp;<a href="https://www.urban.com.au/builders/2-moro-group">2 Moro Group</a>&nbsp;is overseeing the building for&nbsp;<a href="https://www.urban.com.au/developers/wickton">Wickton</a>.

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The estimated completion date for 58 Beach is December 2024. Construction company 2 Moro Group is overseeing the building

Only two apartments remain at Hampton's 58 Beach apartments

National apartment developer Sun Property Group is continuing its push into Melbourne with their second project in the city's most affluent postcode getting the green light.

Following on from their debut Melbourne apartment development in <a href="https://www.urban.com.au/new-apartments/toorak-vic">Toorak</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-brookville-5-brookville-road-toorak">The Brookville</a>, Sun Property Group (<a href="https://www.urban.com.au/developers/sun-property-group">SPG</a>), has secured approval for their next project, around 500 metres away on a double block at <a href="https://www.urban.com.au/new-apartments/226-228-williams-road-toorak-victoria-3142">226-228 Williams Road</a>.

They'll be building a three-level block of just 18 high-end apartments designed by Cera Stribley, a mix of&nbsp;10 two-bedroom apartments, four three-beds, and four penthouses.

<img alt="SPG Toorak" data-entity-type="file" data-entity-uuid="9482e1d3-b884-43f5-ac36-2210f53af632" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.20.14%20am.png?VersionId=a8iTR2Ti9RhmmH2DwdPNbeEQ7mSQiv88" />

The prime 1,114 sqm site is just 250 metres to Hawksburn Train Station and 400 metres from the 59 Tram. SPG will be retaining the Smooth Bark Apple Tree, which will stand in front of the building and be accompanied by new landscaping by <a href="https://www.urban.com.au/architects/jack-merlo">Jack Merlo</a>.

The apartments will sit above a two-level basement which will home 38 parking spaces for residents and visitors.

<img alt="SPG Toorak" data-entity-type="file" data-entity-uuid="b536810f-234e-471b-b0a7-2f1631303d52" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-26%20at%209.22.41%20am.png?VersionId=3VJmFyAjBrLMaWMPxRVmEQpqAHYH.o_1" />

Cera Stribley said the site, near the&nbsp;intersection of Toorak, Prahran, and South Yarra, is ideally located in a vibrant and upscale neighbourhood in Melbourne.

"This intersection seamlessly blends the charm of Toorak’s leafy streets, Prahran’s urban lifestyle, and South Yarra’s cosmopolitan atmosphere," Cera Stribley said in their submissions to the local council.

They said the proposed development aims to bring together the strengths of these areas by providing a variety of residences that cater to the broad demographics that may be attracted to this location.

SPG, whose HQ is in Sydney, also has a project in Chatswood at <a href="https://www.urban.com.au/new-apartments/1a-17-bowen-street-chatswood-nsw-2067">1a-17 Bowen Street</a>, next to the Great Northern Hotel. They're currently working on <a href="https://www.urban.com.au/new-apartments/aurora-453-willoughby-road-willoughby">Aurora</a>, a boutique development of one, two, three and four-bedroom apartments in Willoughby.

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Cera Stribley said the site, near the intersection of Toorak, Prahran, and South Yarra, is ideally located in a vibrant and upscale neighbourhood in Melbourne

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