Sunkin Property Group is offering buyers a rare opportunity to kit their future homes at the new Highett Common masterplan in Highett, with furniture carefully curated by leading furniture xx, Coco Republic.

New purchasers can secure a furniture package from Coco Republic for $12,000, which includes a&nbsp;private styling consultation with one of their experienced interior designers.

The offer gives future buyers a chance to replicate the impressive display suite which features <a href="https://www.urban.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a> furniture.

[smartcode_project:default project_id=108019 project_image_fid=212514]

Coco Republic’s Senior Interior Designer, Rohan Smith, who&nbsp;collaborates with project designers and architects to curate a furniture selection that is both functional and complementary to a project’s overarching design, says there are a number of growing interior trends coming through in 2024.

“With a growing focus on environmental consciousness, sustainable interior design is expected to continue gaining traction,” Smith says.&nbsp;

“Sustainability, including the use of recycled materials, energy-efficient appliances and fixtures, and a general emphasis on eco-friendly practices is a trend I envisage will dominate in 2024.”

Smith&nbsp;predicts that more homeowners will look to add a sense of individuality to their spaces, utilising eclectic design elements that combine different styles and eras from the design world.&nbsp;

“Mixing styles and periods allows individuals to express their personalities and create spaces that reflect their own tastes and life experiences."&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212517]

Smith says as technology advances, seamlessly integrating smart home features into interior design has become increasingly popular.

"This includes smart lighting, climate control, automated window treatments, and other connected home technologies,” Smith explained.&nbsp;

Every resident at Highett Common will have access to <a href="https://www.urban.com.au/new-apartments/highett-vic">Highett</a> Common Connect, a dedicated resident’s app that will provide residents with everything they need at their fingertips.&nbsp;

Designed as the digital heartbeat of the community, the app will offer an unrivalled level of convenience, connecting neighbours to each other and the local community while offering an easy way to reserve resident amenities and utilise in-home services.

[smartcode_project:default project_id=108019 project_image_fid=219403]

As far as colours go, Smith's believes in incorporating natural, earthy materials including solid timber, leathers, linens, and natural stone, all emphasising the focus on a neutral, calming environment.

Creating harmony between the built forms and landscape has been prioritised at Highett Common, with a focus on neutral tones and natural materials.

Highett Common’s environmental goals will also see the site become <a href="https://www.urban.com.au/news/vic/highett-common-2023-s-largest-urban-renewal-precinct-prioritises-conservation-and-enhancement-of-green-space">Victoria’s first net zero medium-density community</a>.&nbsp;

Sunkin is well advanced in the construction of the first stage at <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett">Highett Common</a>. They recently released their <a href="https://www.urban.com.au/news/vic/sunkin-launch-townhomes-at-highett-common-after-park-house-success">first collection of townhouses</a> in the enviro-friendly development.

[smartcode_project_cta:default project_id=108019]

Coco Republic’s Senior Interior Designer, Rohan Smith, says there are a number of growing interior trends coming through in 2024.



Urban Editorial

Sunkin team up with Coco Republic at Highett Common

The RBA looks to have adopted a neutral approach to the official cash rate after an aggressive rate hike cycle that saw the cash rate jump from a record low 0.1 per cent to 4.35 per cent.

The increase knocked the first home buyer and investor markets the most, as lending capability shrunk month on month from May 2022.

But now they seem to be back in the frame with consecutive rate holds from the RBA. While there's been no cuts and their budgets are much smaller than they were two years ago, there's the belief the next rate move will be down, which is encouraging the two cohorts back into the market.

They're still looking for affordability, now more than ever. But with a lack of new supply coming to the market at an affordable price point, given the cost of construction of large towers that home one or two-bedroom apartments, then it's important for prospective buyers to look at projects that are already in market, particularly those that are under construction.

Amid a limited market for the entry-level buyer, we've cast our eye over the whole of Melbourne and wrapped up the best apartment developments that have apartments under the $600,000 mark.

<h2>Project: The Queensbridge Building</h2>

<h2>Location: 90 Queensbridge Street, Southbank VIC 3006</h2>

<h2>Developer: Time and Place</h2>

<h2>Price: From $600,000</h2>

<a href="https://www.urban.com.au/developers/time-and-place">Time &amp; Place</a>, in collaboration with <a href="https://www.urban.com.au/developers/maxcap-group">MaxCap Group</a>, is delivering <a href="https://www.urban.com.au/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank">The Queensbridge Building</a> in <a href="https://www.urban.com.au/developments/southbank-vic">Southbank</a> housing 367 apartments along with its The Clubhouse amenities and a $150 million Hannah St. Hotel with 188 rooms.

The one-bedroom, one-study, and one-bathroom unit at the 62-storey mixed-use development starts at $600,000.

[smartcode_project:default project_id=1504 project_image_fid=208255]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

The developer's custom lab software also allows homeowners to view colour selections in each key area of their home; including kitchen, bathroom and bedroom colourways.

[smartcode_project:default project_id=1504 project_image_fid=218169]

Residents will have access to The Clubhouse amenities, managed by an experienced director, which include communal dining areas, a pool house, a gym, a yoga room, and a private Izakaya.&nbsp;

Time &amp; Place have also teamed up with TFE Hotels to bring Hannah St. Hotel, a $150 million 188-room hotel, to The Queensbridge Building.

The Queensbridge Building is currently under construction by <a href="https://www.urban.com.au/builders/hickory">Hickory</a> and is expected to be completed in September 2025.

<h2>Project: BLVD at Melbourne Square</h2>

<h2>Location: 19 Hoff Boulevard, Southbank VIC 3006</h2>

<h2>Developer: OSK Property</h2>

<h2>Price: From $541,000</h2>

<a href="https://www.urban.com.au/developers/osk-property">OSK Property</a> has completed two towers at their multi-award-winning <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> precinct, and last year they launched the third, BLVD at Melbourne Square.

<a href="https://www.urban.com.au/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a> is a 73-level skyscraper with just under 600 apartments and extensive resident amenities and wellness facilities. The apartments range from one to three bedrooms, with the one-bedders priced from $541,000.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=227201]

BLVD was designed by <a href="https://www.urban.com.au/architects/cox-architecture">COX Architecture</a> with tomorrow's living standards in mind, focusing on wellness, connectivity, and community.

The integration of industry-leading technology and connectivity within BLVD ensures that residents can personalise their living spaces and streamline their everyday lives.

While tech advancements are often the future, so are sustainability and wellness. Central to the ethos of BLVD is the pursuit of WELL Certification, a world-leading framework that prioritises the health and well-being of residents.

[smartcode_project:default project_id=107714 project_image_fid=214124]

To increase the wellness of its residents, OSK Property doubled down on amenities and facilities within the building. They have a 25-metre indoor swimming pool, a gym, a sauna, a Zen garden, alfresco dining areas with barbecue facilities, and top-of-the-line entertainment facilities including residents' lounges, dining rooms, a cinema/karaoke room, and even a golf simulator.&nbsp;

They've also catered for the growing work-from-home trend with co-working spaces, meeting rooms and private booths to work from.

BLVD is expected to be completed in early 2027.

<h2>Project: Pace 3058</h2>

<h2>Location: 9S Wardens Walk, Coburg VIC 3058</h2>

<h2>Developer: Pace Development Group</h2>

<h2>Price From $490,000</h2>

Longtime developer <a href="https://www.urban.com.au/developers/pace-development-group">Pace</a> is getting closer to seeing its <a href="https://www.urban.com.au/developments/coburg-vic">Coburg</a> residential development, Pace 3058, complete on what was once the exercise yard for Her Majesty’s Prison Pentridge, nestled just behind Sydney Road and surrounded by wide-open parklands, bike trails, and eclectic restaurants and cafes.

<a href="https://www.urban.com.au/new-apartments/pace-3058-coburg-9s-wardens-walk-coburg">Pace 3058</a> is a collection of 311 apartments and townhouses designed by <a href="https://www.urban.com.au/architects/sjb-architects">SJB Architects</a>.

[smartcode_project:default project_id=24822 project_image_fid=254449]

Pace has collaborated with Studio Wonder for interiors of the one, two, and three-bedroom apartments, with the one-bedroom, one-bathroom unit starting at $490,000 and the townhouses at $920,000.

Pace 3058 will activate the ground level with a downstairs retail store, plazas and walkways.

The rooftop will be furnished with sitting arrangements and shaded barbecue areas—all overlooking city views.

[smartcode_project:default project_id=24822 project_image_fid=254334]

Furthermore, Pace 3058 is an all-electric development, incorporating sustainable features such as solar panels, double-glazed and Low-E windows, along with an abundance of green spaces to mitigate the heat-island effect.

Construction of Pace 3058 by <a href="https://www.urban.com.au/builders/pace-constructions">Pace Constructions</a> is on track for completion in May 2024.

Amid a limited market for the entry-level buyer, we've cast our eye over the whole of Melbourne and wrapped up the best apartment developments that have apartments under the $600,000 mark

First home buyer and investor alert: Melbourne's best off the plan apartments under $600k selling in April 2024

Prominent Malaysian developer OSK Property, the team behind the $2.8 billion Melbourne Square, has&nbsp;announced award-winning local artist Troy Emery as the winner of its art competition to design a new sculptural landmark in the city.

OSK Property hosted the competition to select the winning artist to design a visual gateway, which will connect Melbourne Square with its neighbouring arts precinct through a large-scale and visually striking sculptural artwork.

Acknowledging the site’s significant visibility from the Westgate Freeway and surrounding southeast locale, the artwork – which will feature prominently with its 18m x 15m design – aims to support the thoughtful curation of Melbourne Square’s placemaking, punctuated by Southbank’s focus on art, design and heritage.

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process.

UAP put forward a selection of eight Melbourne-based artists whose creativity was synonymous with Melbourne’s renowned arts scene and those who could contribute a visionary and bold artwork to Melbourne’s skyline.

OSK Property then shortlisted three artists whose practices were diverse from one another, ensuring the final three concept designs would be highly unique.

After working with the three artists, UAP presented the three concept designs to OSK Property who selected Troy Emery’s ‘Guardian Lion’ to be commissioned due to its vibrancy, ability to engage with the site and representation of Melbourne’s rich tapestry of public artworks.

<img alt="Melbourne Square" data-entity-type="file" data-entity-uuid="d9e1464b-ceab-41f7-80af-cc913b173963" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-11%20at%205.51.51%20pm.png?VersionId=lc7BeiUBTgyWCwS7cGokTrNO_zFCNrZU" />

To be fabricated in UAP’s workshop, ‘Guardian Lion’ will stand as a reflection of Melbourne’s dynamic, creative community.

Emery, whose work examines the discourse surrounding human interactions within the natural world and has recently appeared at the National Gallery of Victoria, was a natural fit for the project’s ‘Together, in Nature’ ethos.

His winning concept, ‘Guardian Lion’, draws inspiration from traditional Chinese architecture and Japanese symbolism, whereby lions and dogs guard the entrances to shrines and signify strength.

Similarly, ‘Guardian Lion’ is seen to guard the grounds and people within Southbank, standing as a protector welcoming people to the city, akin to Richmond’s beloved Vinegar Skipping girl who has graced the skies of Victoria Street for generations of Melburnians to enjoy.

[smartcode_project:default project_id=107714 project_image_fid=211874]

Emery drew on Victorian folklore to embed the piece with Australian context, specifically referencing a Melburnian story of the ‘Grampians big cat’ – a mythical big cat living in the Grampians Mountains of regional Victoria.

“I want Guardian Lion to make people happy, to give people a sense of companionship as they travel through the area, like a friendly neighbourhood cat that greets passers-by," Emery said.

"Guardian Lion is a surrogate pet for the neighbourhood and for the city.

“One part of the brief that I particularly resonated with was the idea that Melbourne Square is a ‘gateway to the creative precinct.’ The NGV, Arts Centre, VCA, ACCA, and Malthouse Theatre are all close neighbours, and the work’s location is a gateway to the CBD, so I set out to design a figure that will welcome people to the area.

“This is such an incredible opportunity to contribute to the cityscape of Melbourne with a large-scale public artwork, and I’m excited to have my work join a library of so many great artworks around the city."

[smartcode_project:default project_id=2929 project_image_fid=255379]

Emery said the&nbsp;intense spectrum of colour in the work not only is an antidote to the greys and browns of the cityscape, but serves to reiterate the fantastical spectrum of the natural world, where the intense colours represent the magical qualities of life on earth.

OSK Property Australia’s CEO, Chong Boon Woon, said the artwork will create a Melbourne landmark to welcome visitors to the CBD.

“We are deeply inspired by the power of public art to transform spaces and communities. Our decision to commission 'Guardian Lion' for Melbourne Square is underpinned by our desire to contribute a long-lasting and meaningful piece to the vibrant cultural tapestry of Southbank."

Guardian Lion’s laser-cut aluminium fixture with LED flex lighting demonstrates an intense spectrum of colour that will be unmissable from those entering the city from the south or passing by on the Westgate Freeway.

[smartcode_project_cta:default project_id=107714]

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process

Joel Robinson

OSK Property commission LED artwork at $2.8 billion Melbourne Square precinct

Located in the tightly-held suburb of Kooyong, apartment development Mansard by developer <a href="https://www.urban.com.au/developers/bon-yang-group">Bon Yang Group</a> offers a unique opportunity to become part of Melbourne's affluent residential landscape.&nbsp;

"<a href="https://www.urban.com.au/new-apartments/mansard-709-713-toorak-road-kooyong">Mansard</a> really is such a rare opportunity to buy a brand new apartment in Kooyong,&nbsp;<a href="https://www.urban.com.au/project-marketer/jellis-craig-projects">Jellis Craig Projects</a>&nbsp;Director Stephen Bowtell says.

"There's less than 500 houses and apartments in the whole suburb. These opportunities don't come around often."

[smartcode_project:default project_id=136666 project_image_fid=207850]

Nestled within Kooyong's verdant landscape, Mansard is surrounded by wide tree-lined streets, parklands, and easy access to various recreational amenities including the <a href="https://www.urban.com.au/developments/kooyong-vic">Kooyong</a> Lawn Tennis Club, known as "The Spiritual Home of Tennis in Australia," where the prestigious Kooyong Classic is held annually.

Sir Robert Menzies Reserve, just steps away, offers an off-leash oval for a kick of football or playtime with dogs, Gardiner’s Creek Trail is also a few moments away for resident cyclists, while residents are a quick stroll over to Kooyong Gardens for a leisurely weekend picnics.&nbsp;

[smartcode_project:default project_id=136666 project_image_fid=207856]

Coffee enthusiasts will find themselves in paradise, surrounded by top-notch cafes like Clubhouse and Brother’s Keeper, each offering unique flavours and atmospheres.&nbsp;

As the day transitions into night, wine bars and restaurants come alive, from Asian-inspired breakfasts at Saint Jaxie Cafe to vino at Milton Wine Shop and fresh pasta and wood-fired pizza at Matteo’s down the road.

[smartcode_project:default project_id=136666 project_image_fid=207864]

Despite its peaceful ambience, Kooyong maintains excellent connectivity to wider <a href="https://www.urban.com.au/new-apartments/melbourne-vic">Melbourne</a>, with efficient public transport options including trains and trams. Residents can enjoy a 15-minute commute to the CBD and easy access to esteemed educational institutions, making Kooyong a desirable location for professionals and families alike.

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

[smartcode_project:default project_id=136666 project_image_fid=207865]

Bowtell expects the project to resonate with downsizers already within the Kooyong, <a href="https://www.urban.com.au/new-apartments/toorak-vic">Toorak</a> belt, or those who want to enter one of Melbourne's most exclusive areas.

"There are 16 apartments divided into three separate buildings, <a href="https://www.urban.com.au/interior-designers/carr-interiors">Carr</a>'s thoughtful design has provided a maximum of only four apartments on each level, further adding to the project's boutique nature.”

There are a mix of two and three-bedroom apartments, starting from $1,495,000.

[smartcode_project_cta:default project_id=136666]

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

Why families are showing interest in Kooyong's rare new apartment development, Mansard

Longtime Melbourne developer&nbsp;Bensons Property has lifted the lid on their new Carlton apartment development, Drummond House, a project that promises to be one of the most technologically advanced buildings in Melbourne.

<a href="https://www.urban.com.au/new-apartments/drummond-house-482-492-drummond-street-carlton">Drummond House</a>, at 482-492 Drummond Street in the heart of <a href="https://www.urban.com.au/new-apartments/carlton-vic">Carlton</a> and on the fringe of Princes Park, has been designed by&nbsp;renowned architecture firm&nbsp;<a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a>, will&nbsp;rise 13 levels and offer a mix of two, three and four-bedroom apartments with interiors by&nbsp;Sora Interior Architects.

Each apartment is home-automated, which residents can control through the connecX Smart Building mobile app.

<img alt="Drummond House - Living Area" data-entity-type="file" data-entity-uuid="7e75bf57-bdbc-42db-90ca-fb3539a602f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Interior.png?VersionId=FIyruWu49oqE2qSRZmyMPHGdOnRBCBi2" />

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards.

The kitchen will be equipped with smart appliances such as Siemens intelligent cooking appliances and a Samsung smart fridge, while air purification systems equipped with UV lights will also be installed in all residences.<img alt="Drummond House - Open Air Cinema" data-entity-type="file" data-entity-uuid="1c2da1f2-a93b-4502-90d9-7c1b94955d5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Cinema.png?VersionId=EC80lxoXwR6WByYDuwtLNIwhQ6RkemrV" />

The amenities offered at Drummond House are also technology-centred, designed to make the lives of its residents well-rounded and convenient.

The amenities include a wellness centre featuring a gym, salt room, sauna, and ice bath, along with additional areas such as private dining spaces, a kids' play area, and a business centre.&nbsp;

Convenience is further elevated with amenities like a car and dog wash, a dedicated concierge service, and number plate recognition technology for seamless access.

<a href="https://www.urban.com.au/builders/balmain-co">Balmain &amp; Co</a> has been appointed builder for Drummond House.

<a href="https://www.urban.com.au/developers/bensons-property-group">Bensons</a>&nbsp;recently completed their <a href="https://www.urban.com.au/new-apartments/footscray-vic">Footscray</a> apartment development <a href="https://www.urban.com.au/buildings/liberty-one-1-warde-street-footscray">Liberty One</a>. They're currently developing <a href="https://www.urban.com.au/new-apartments/society-83-wattletree-road-armadale">Society Armadale</a>, as well as <a href="https://www.urban.com.au/new-apartments/chevron-one-36-44-stanhill-drive-chevron-island">Chevron One</a>, Chevron Island's tallest skyscraper, on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>.

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards

Launch Alert: Bensons reveal new Carlton apartment development, Drummond House

Melbourne's Southbank continues to grow as a bustling urban hub, witnessing substantial development and transformation over the last decade.

Positioned just south of <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>'s CBD and flanked by the picturesque Yarra River, the skyline is now dominated by residential high-rises, with property developer <a href="https://www.urban.com.au/developers/landence">Landence</a> contributing to this urban evolution through their 24-level apartment development, <a href="https://www.urban.com.au/buildings/the-evermore-58-66-dorcas-street-southbank">The Evermore</a>.

Nestled in a safe, quiet, and leafy locale bordering&nbsp;<a href="https://www.urban.com.au/developments/south-melbourne-vic">South Melbourne</a>&nbsp;and <a href="https://www.urban.com.au/developments/south-yarra-vic">South Yarra</a>, The Evermore offers a ready-to-move-in option for prospective buyers.&nbsp;

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237906]

Its strategic location, with convenient access to major transportation networks, including train stations and tram lines, places it within minutes of Melbourne's vibrant CBD.

Delivering 366 residences in one, two and three-bedroom configurations, residents not only enjoy the numerous amenities inside the apartment but also the key attractions of the neighbourhood.

“Surrounded by gardens, beaches and river-ways, the neighbourhood is a naturally active and healthy one, with the pristine environment that Melbourne is renowned for”, developer Landence says.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237900]

Situated less than 25 minutes from an international airport and just 900 metres away from the new ANZAC station, The Evermore is positioned within a safe and friendly walker's paradise.

Residents can immerse themselves in the city's culture and lifestyle with the Southbank Arts Precinct, Federation Square's arthouses, and the National Gallery—all within easy reach, offering regular exhibitions and events.&nbsp;

A five-minute walk leads to the 38-hectare Royal Botanic Gardens that slope to the river with trees, garden beds, lakes and lawns, offering a serene escape from urban living with options like the Tan Track and the Yarra Trail for recreational activities.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237907]

The culinary scene surrounding The Evermore is also vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

From cosy cafes like Human Beans and Queenie's to international cuisine at Malaysian restaurant Ayam Chef and Japanese dining at Uomasa Japanese Restaurant, residents are spoilt for choice when it comes to dining out.

Additionally, the South Melbourne Market, just a short drive away, offers a diverse array of fresh produce, meats, seafood, and cafes.

Families will appreciate the choice of quality education within close range as some of the country’s most prestigious universities, Monash, RMIT and the University of Melbourne, are minutes away.

[smartcode_project_cta:default project_id=2087]

The culinary scene surrounding The Evermore is vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

On the doorstep of the Royal Botanic Gardens: How The Evermore fits into the Southbank neighbourhood

The Albertine is one of ASX-listed developer Mirvac's latest projects in Melbourne.

The new apartment development, ideally positioned just off St Kilda Road at 31 Queens Lane, will home 98 one, two and three-bedroom apartments, catering for every buyer cohort in the market.

With early site works commencing recently, we thought we'd head down to <a href="https://www.urban.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">The Albertine</a> Experience Gallery at 484 St Kilda Road to take a look at what <a href="https://www.urban.com.au/developers/mirvac">Mirvac</a> will be offering in the new project.

Mirvac is currently gifting one lucky future resident of The Albertine the opportunity to win the all-new electric Mercedes-Benz EQE SUV*, valued at over $140,000.

Purchase an apartment at The Albertine before September 30th, 2024 and enter the exclusive draw to win**.

To find out more about The Albertine, take the tour with us below and <a href="https://www.urban.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">enquire</a> to speak to the Mirvac team.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/vf6Osw2xr7c?si=COMbpFNNU1c9lP0i" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=138659]

**Competition Terms &amp; Condition can be found at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=http://thealbertine.mirvac.com&amp;source=gmail&amp;ust=1712812169852000&amp;usg=AOvVaw3McS5Pr5FCSjTOmzYx7mAc" href="http://thealbertine.mirvac.com/" target="_blank">thealbertine.mirvac.com</a>&nbsp;*Please contact an authorised Mercedes-Benz retailer for specific information on vehicles and features available in Australia. Product and model may change since the production of this content. 
**The competition commences on 11 August 2023 at 09:00am AEST and closes on 30 September 2024 at 05:00pm AEDT. The winner’s name of the Mercedes-Benz EQE SUV will be drawn and published on&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=http://thealbertine.mirvac.com&amp;source=gmail&amp;ust=1712812169852000&amp;usg=AOvVaw3McS5Pr5FCSjTOmzYx7mAc" href="http://thealbertine.mirvac.com/" target="_blank">thealbertine.mirvac.com</a>&nbsp;on the earlier of the Completion Date (estimated to be on or about 1 March 2026) or the Sunset Date noted in the Contract for Sale. Entry into this competition confirms acceptance of the full Terms and Conditions.

Inside The Albertine: Urban's display suite tour of one of Melbourne's newest apartment developments

Buckner Built's newest&nbsp;apartment development, 11 Victoria St in Footscray, is strategically positioned amid a number of local amenities and services, providing convenience and practicality for prospective homeowners.

Residents of <a href="https://www.urban.com.au/new-apartments/11-victoria-street">11 Victoria Street</a>, just 18 apartments named after its location on Victoria Street, will find themselves surrounded by various transportation options, with Middle <a href="https://www.urban.com.au/developments/footscray-vic">Footscray</a> train station just 400 metres away, along with accessible bus and tram stops nearby.

[smartcode_project:default project_id=143391 project_image_fid=260143]

For those who enjoy dining out, Barkly Street is just a minute away and has a variety of restaurants, cafes, and bars along its length.&nbsp;

Some highly-rated options within a six-minute walk include gastropub Plough Hotel, Ethiopian restaurant Abesha, Bar Josephine, Something Sweet Cafe, Poon's Chinese Restaurant, and The Cheeky Pint.

Residents can take advantage of the Footscray Plaza shopping mall, located just an eight-minute walk away. The mall is also surrounded by cafes and eateries and includes essential stores such as Coles, Priceline Pharmacy, and Kmart.

[smartcode_project:default project_id=143391 project_image_fid=260146]

Additionally, the iconic Footscray Market, an indoor food and produce market, is only a 13-minute walk from 11 Victoria St.

For recreation and leisure, Footscray Park, situated on the south bank of the Maribyrnong River, is a four-minute drive away—featuring an Edwardian period public garden, a designated dog off-lead area, and an all-abilities playground.

Whitten Oval stadium, home to the Western Bulldogs of the AFL, is also conveniently located just one kilometre away.

[smartcode_project:default project_id=143391 project_image_fid=260144]

Families will find convenience in the educational institutions within walking distance from 11 Victoria St, including Footscray High School and Footscray Primary School, both within 250 metres, as well as Victoria University's Footscray Park Campus, a mere 10-minute walk away.

Residents can also access healthcare facilities with ease, as Western Health Footscray Hospital and Western Private Hospital are both just a four-minute drive from 11 Victoria St.

[smartcode_project_cta:default project_id=143391]

How Footscray's newest apartment development, 11 Victoria, fits into the neighbourhood 

Unit values in Melbourne grew significantly more than houses in the Victoria capital in March, property data analytics firm CoreLogic's recent data release found.

CoreLogic's Home Value Index found that Melbourne unit values rose 0.3 per cent in March, compared to the -0.1 per cent decline in houses.

Melbourne's median unit value, which incorporates both townhouses and apartments, is now $612,000. Over the past 12 months, <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a> unit values have risen by three per cent.

CoreLogic also found that Melbourne's gross rental yield rose significantly over the last two years, from 2.76 per cent to 3.57 per cent, driven predominantly by falling dwelling values and sky rocketing rents.

"A rise in rental yields alongside an expectation that housing values could rise and rental markets remain tight for an extended period is likely to be seen as an attractive opportunity for property investors," CoreLogic Research Director Tim Lawless said.&nbsp;

Lawless did note however that new investors entering the market may face cash flow losses unless they can provide a sizeable deposit, given the average investor mortgage rates are around the mid-six per cent range.

<h2>What happened in Melbourne’s off the plan apartment market in March?</h2>

News in March signalled more positive for the Melbourne off the plan apartment market.

Charter Keck Cramer once again highlighted the demand v supply imbalance that is coming for Melbourne. They said the market could jump anywhere between 25 to 30 per cent over the next 12 to 18 months across several sub-markets.

"Our analysis suggests that the established unit market (townhouses and apartments) will need to continue to reprice upwards (by around 15% to 20%) until the house price hierarchy is once again established," Charter Keck Cramer said.

"It is at this point that new off the plan apartments will be able to be delivered at price points which again make apartment development feasible."

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/new-apartment-projects-in-melbourne-at-lowest-levels-since-2010-market-to-turn-in-mid-2024-charter-keck-cramer">New apartment projects in Melbourne at lowest levels since 2010, market to turn in mid-2024: Charter Keck Cramer</a>

There were some signs of some more supply coming to the market, both now and in the future. Tim Gurner revealed his $1.7 billion <a href="https://www.urban.com.au/developments/docklands-vic">Docklands</a> precinct <a href="https://www.urban.com.au/new-apartments/elysium-fields-208-226-harbour-esplanade-docklands">Elysium Fields</a>, which will bring a much-needed 1350 apartments to Docklands.

<img alt="Docklands precinct Elysium Fields" data-entity-type="file" data-entity-uuid="2d8209ae-60ec-4c49-8711-32fb474ee659" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURNER%20Elysium%20Fields.png?VersionId=7bkvOIUYNpMuydNB417dq_cPB.7Zv4BR" />

At Elysium Fields, residents will have access to some of the world’s most advanced anti-ageing protocols and equipment like cryotherapy, IV infusions, dry and infrared sauna, red light therapy, grounding and PEMF beds, alongside access to the Elysian Reverse Ageing Medical Clinic that will provide medical-grade treatments including MRIs, DEXA scans, brain scans, blood testing and personalised health plans.

Designed by <a href="https://www.urban.com.au/architects/fraser-partners">Fraser &amp; Partners</a>, GURNER™’s vision also includes over 3,700 sqm of much-needed immersive public landscapes and gardens that will connect residents with the natural world, inspired by the verdant buildings of Singapore that meld the built form with abundant greenery.

The first stage includes three towers totalling 640 dwellings, of which GURNER™ plans to launch the first tower, a build-to-sell offering with 231 apartments, in Q3 this year. Construction of the tower is planned for the same time.

<img alt="Docklands precinct Elysium Fields - Perspective" data-entity-type="file" data-entity-uuid="022e4bfd-7da0-4d13-bc23-83ef4f53f771" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURNER%20Elysium%20Fields%20Docklands.png?VersionId=qA6pqC_U2sL75vfrBPiA6cefHojY1CvE" />

Gurner also revealed that Chicago-based, international architecture firm <a href="https://www.urban.com.au/architects/som">SOM</a>, the architecture firm who designed the Burj Khalifa, the tallest building in the world, as well as the One World Trade Centre in New York, will design his St Kilda Road project, an $800 million mixed-use project facing Albert Park.

The St Kilda Road project will comprise around 200 apartments across 19 levels, with a focus on large two to four-bedroom apartments alongside retail spaces, food and beverage outlets, and extensive wellness amenities.

<img alt="Gurner St Kilda Project" data-entity-type="file" data-entity-uuid="ab1d5f15-e957-4b31-b081-60ded87ecfea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/424%E2%80%93426%20St%20Kilda%20Road%2C%20Melbourne_0.png?VersionId=qukD68DPeqMn5hc9AQIFMPq2BwFY6mka" />

A consortium of investors, led by billionaire James Packer, is set to create something different in <a href="https://www.urban.com.au/developments/balwyn-vic">Balwyn</a>. To be developed by <a href="https://www.urban.com.au/developers/chapter-group">Chapter Group</a>, the company filed the plans for 31 apartments on the 3,862 sqm site at 23 Maleela Avenue, just set back from Whitehorse Road between Balwyn and <a href="https://www.urban.com.au/developments/deepdene-vic">Deepdene</a>.

<a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a> has put together plans, recently submitted to the <a href="https://www.urban.com.au/developments/boroondara-vic">Boroondara</a> Council, for the low-rise, four-level building which will have a near 60-metre frontage to Maleela Avenue.

There will be 31 apartments across the four levels, 10 two-beds and 21 three-beds, of which 18 have completely different floor plans.

While those two projects are still in their planning stages, new projects are being launched by developers who are seeing pent-up demand for high-quality residential properties in Melbourne's inner suburbs.

National diversified property developer <a href="https://www.urban.com.au/developers/fortis">Fortis</a> has officially launched <a href="https://www.urban.com.au/new-apartments/wiltshire-house-richmond-2-brighton-street-richmond">Wiltshire House</a>, its new mixed-use development in the heart of Richmond.

Wiltshire House offers 57 one, two and three-bedroom apartments, as well as premium office space and a modern ground floor retail precinct ideally set just off Swan Street near East Richmond Station.

[smartcode_project:default project_id=13181 project_image_fid=256229]

While ideally located around the corner from the cafes, restaurants and bars <a href="https://www.urban.com.au/developments/richmond-vic">Richmond</a> is famous for, Wiltshire House is also home to several resident amenities, including a landscaped rooftop with wellness facilities like a gym, yoga space, sauna, and showers.

Established Melbourne developer <a href="https://www.urban.com.au/developers/pace-development-group">Pace</a> also unveiled its latest residential development, <a href="https://www.urban.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy">Fabbrica Fitzroy</a>, in March.

Fabbrica Fitzroy offers 78 one, two, and three-bedroom apartments, including townhouses with street frontage, tailored to the preferences of owner-occupiers and downsizers.&nbsp;

[smartcode_project:default project_id=139552 project_image_fid=240744]

Award-winning architectural practice <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a> has integrated the industrial past of the site into Fabbrica's dynamic future, creating exterior and interior spaces that connect with the contextual fabric and character of <a href="https://www.urban.com.au/developments/fitzroy-vic">Fitzroy</a>.

Pace took an adaptive approach to the project, responding to shifts in the market. The focus on owner-occupiers became paramount, leading to a redesign that increased apartment sizes and catered to downsizers.&nbsp;

The development provides a deliberate emphasis on larger apartments and offers personalisation options for residents.

There was success at the launch of&nbsp;2135 Point Nepean Drive in Rye last month, one of the first new developments in the Mornington Peninsula locale for decades.

Jellis Craig Projects secured several sales on behalf of Melbourne developer Curtis York, who had Cera Stribley design a boutique development across the road from Rye Beach and in the heart of the village.

[smartcode_project:default project_id=138483 project_image_fid=253202]

Jellis Craig Projects Director Stephen Bowtell says buyers have primarily come from the Metro Melbourne area.

"There's an unrealised market which 2135 taps into and that's city dwellers who want to weekend on the Mornington Peninsula but don't want the space or the maintenance an acreage offers," Bowtell says.

"Acreages offer privacy and space, but there are a large number of those who are wanting to spend the weekend down on the Peninsula and want to be next to the beach, Rye's retail strip, and the Yacht Club, which is what 2135 is bringing to the table."

We have news from Tim Gurner, PACE, billionaire James Packer, and a new project in Rye which hit the mark

City Beat April 2024: Melbourne unit market outperforms houses in March

Melbourne's inner-east suburb of&nbsp;Burnley has long been played second fiddle to its more prominent neighbours of Cremorne, Richmond and Hawthorn.

Since the 1850s, <a href="https://www.urban.com.au/developments/burnley-vic">Burnley</a> has been considered as one of Melbourne's premier garden suburbs,&nbsp;with over half of its 112-hectares dedicated to parks and gardens. Where adjoining suburbs have seen an influx of investment in both commercial and residential development, Burnley has flown under the radar and retained a nature-first feel.

But now the small suburb on the Yarra is set for a transformation of its own.

Some 3,600 new workers will be flooding into Burnley daily later this year when Australia Post shifts if HQ to a new $450 million purpose-built office building on Swan Street which is being developed by ASX-listed commercial property giant Charter Hall. Next door Bamfa is also readying a $350 million, Cox Architecture-designed glass office building which will trigger a further 2,500 workers daily. Both offices are located next to the Burnley Station, which sees arrivals from four of Melbourne’s busiest train lines and trams.

The two major commercial office buildings have&nbsp;opened the door to the possibilities of Burnley. What Burnley doesn't have going for it, in terms of those wanting to move into the suburb, is an abundance of housing. Property data analytics firm CoreLogic says there are less than 500 houses and apartments in Burnley, and only five of those have sold so far in 2024.&nbsp;

Between the most recent census collections, Burnley's population has only grown from 769 people to 794, just over 20 people in five years.&nbsp;

Comparatively Cremorne, which is around 40 hectares smaller than Burnley, has a population of well over 2,000.&nbsp;

Contributing to it is the fact that nearly half of the whole suburb is occupied by parks, while the Burnley Golf Course, which is temporarily closed as the 18-hole course undergoes a major redesign, contributes to over 10 per cent of Burnley's entirety.

On the other side of Swan Street is the six-hectare Burnley Park, home to Burnley Oval, Burnley Park Playground, and The&nbsp;Burnley Circus,&nbsp;the largest designated event site within the City of Yarra.

There's even more greenery surrounding The University of Melbourne Burnley Campus, where it's no surprise the horticulture classes are taught. The campus is surrounded by the heritage-listed Burnley Gardens, a nine-hectare open green space that features over 1,000 different species of plants as well as some of the oldest trees in Melbourne.

Burnley Gardens is also home to several sporting fields and clubs including Richmond Junior Football Club, Richmond City Cricket Club, Collingwood City Soccer Club and&nbsp;FC Melbourne Srbija who play in the NPL.

Opportunities to develop both residential and commercial property in the suburb have always been few and far between. While Burnley is known for its gardens, it has a significant industrial heritage too. Many of the old industrial buildings still line the streets.

Melbourne developer <a href="https://www.urban.com.au/developers/developed-by-urban">Developed by Urban</a>, who specializes in restorations of old and heritage-listed buildings, have looked to Burnley for its latest adaptive reuse project. In a joint venture with JAK Investments, Urban will be redeveloping the heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

"Burnley has been on our radar for some time” explains Urban Director Bart O’Callaghan.

”It is closer to the amenities of the Yarra River, better serviced by public transport and employment opportunities and has better access to both primary and secondary schools than neighbouring suburbs of Richmond and Cremorne.

"One train stop from Burnley Station on the Glen Waverly line puts you at Heyington Station St.Kevins College and St Catherines School Toorak. Two stops on the Belgrave and Lilydale line puts you at Glenferrie Station a short walk to MLC, Xavier College and Trinity Grammar. &nbsp;Richmond Primary School, Melbourne Girls College and Richmond High School are all a short walk. There is direct access to the Yarra, the Monash Freeway and Melbourne’s sporting Precinct is a walk away.&nbsp; "

O’Callaghan says for years Burnley's main&nbsp;detraction had been the operating heritage maltings which finished operations in 2018.

"We have put a tonne of work into the heritage restoration and reimagining of the c.1885 space to now incorporate 1,000 sqm of gardens and beautifully designed new homes, perfect for Families and downsizers alike.

“So often Melbourne families living in the inner suburbs are forced further away from the CBD in pursuit of space and a larger family home close to Schools. Burnley Maltings townhomes include lock-up garages, oversized bedrooms rooftop terraces and oodles of family living space.”

[smartcode_project:default project_id=14401 project_image_fid=258912]

The new development, <a href="https://www.urban.com.au/new-townhouses/burnley-maltings-45-gibdon-street-burnley">Burnley Maltings</a>, incorporates much of the industrial building into the 37 two and three-bedroom townhouses which will surround the heritage silos and over 1,000 sqm of lush, green space landscaped by the renowned <a href="https://www.urban.com.au/architects/jack-merlo">Jack Merlo</a>. All but one townhouse has a private rooftop terrace with views over the Yarra River and out to the city skyline.

The 3,568 sqm site is located toward the northwest corner of Burnley at 45 Gibdon Street, 400 metres from the golf course and next to&nbsp;Twickenham Crescent Reserve and Golden Square Bicentennial Park. The&nbsp;Yarra River Parklands-Loys Paddock and the Main Yarra Trail are just 400 metres south of Burnley Maltings.

[smartcode_project:default project_id=14401 project_image_fid=258922]

Serotonin Café (200m), Friends of Mine (300m) and over 1,000 sqm of new hospitality offerings are soon to be opened at 480 Swan Street, only a 400 sqm walk from the project. An unlimited offering of food, hospitality and shopping options along Swan Street is only a short ride away.

Burnley Maltings is now under construction and slated for completion in late 2025.

[smartcode_project_cta:default project_id=14401]

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