Penthouse records in 2020. Where are Rondure House and The Muse up to in 2021?

Co-Lab Residential agent Daniel Cashen says there's a bit more confidence in the market than there was 12 months ago

Penthouse records in 2020. Where are Rondure House and The Muse up to in 2021?
Penthouse records in 2020. Where are Rondure House and The Muse up to in 2021?

Rondure House in Kew and The Muse on Melbourne's St Kilda Road both secured sales of their penthouses last year which broke records.

The penthouse crowning Rondure House sold for around $6.5 million, around $1 million over the former Boroondara record, this time last year.

The Muse followed shortly after, with its 11th level, 647 sqm sub-penthouse fetching $21 million, a record for the pricey St Kilda Road.

Co-Lab Residential agent Daniel Cashen says despite seeing the two big ticket sales last year, there's a bit more confidence in the market throughout the rest of the developments than there was 12 months ago.

Rondure House, developed by Above Zero and designed by Cera Stribley, has seen steady sales, with four apartments left out of the 14 offered to the market last year.

Cashen says all of the buyers have been downsizers, local across Boroondara.

"They're quite open to moving around the city, from Balwyn to Hawthorn or Surrey Hills to Kew.

"The areas in Boroondara all have a very similar kind of feel, nice old English trees and treelined streets", Cashen says.

Construction is well underway at Rondure, with apartments remaining priced from $1.55 million. 

The penthouse record at The Muse was set in October when a local spent $21 million.

The 14 storey tower at 409-413 St Kilda Road is being developed by Devitt Property who had Bruce Henderson Architects design the building.

There's around half of the apartments, complete with interiors by Greg Natale and K.P.D.O, left for sale in the block of 42.

The Muse will have its own 24 hour concierge and will feature the Muse Wellness Centre which includes a number of swimming pools, a separate spa, gymnasium sauna and steam room.

Construction is expected to commence soon after a few delays.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Kew St Kilda Road Melbourne apartments

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