North Melbourne

ASX-listed developer Cedar Woods has recently celebrated the groundbreaking for its luxury North Melbourne townhome development, 88 Leveson.&nbsp;

Continuing its long-standing relationship with Cedar Woods, Melbourne builder Burbank Urban has been appointed to deliver the project, with Cedar Woods’ Victorian Development Director James Bovell saying&nbsp;it’s an exciting time to be building in North Melbourne.

The sod turn of 88 Leveson answers demand for owner-occupiers increasingly looking for culturally-rich, amenity-driven, city-fringe locations moments from Melbourne’s CBD – with North Melbourne fast becoming one of Melbourne’s most sought-after locations for homebuyers.

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“The area is going through transformation, yet still retains the rich character and history of its industrial past. This is finding interest with a broad range of homebuyers, who see value in the project and area to suit their unique lifestyles and circumstances,” Bovell said.&nbsp;

This sentiment is true for Marshall White Director Mark Dayman, who is receiving diverse homebuyer interest for 88 Leveson; with current purchasers including downsizers, a family with teenage children, as well as a young couple.

"88 Leveson was launched to a very receptive audience. The location enjoys proximity to Melbourne's CBD as well as its adjacency to an array of boutique restaurants and shops in the heart of what is fast becoming one of the city's trendiest suburbs”, says Dayman.

"North Melbourne showcases iconic heritage elements unique to the identity of Melbourne, and this is something that purchasers love about the location. The larger and higher priced residences in 88 Leveson have been the first to sell which is a rare feat for luxury off the-plan developments."

Downsizer purchasers Ann and Wayne were initially attracted to the convenience, meticulous design, and location of 88 Leveson and were looking to move from their current home in Camberwell to a more fresh, upcoming cultural hotspot closer to the CBD.

“We love the look of the building, its materials and design. The size of the development, its proximity to the CBD, local parklands and transport made it ideal for our next move.”

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“This was less a downsizing decision and more of one about lifestyle and location – from a very quiet suburban setting to more active engagement within the community. 88 Leveson, with its design, floorplans and roof terrace gave us all the things we were looking for in a new home.”

Once complete, 88 Leveson will encompass 15 architecturally designed three and four-bedroom townhomes designed by Genton Architecture, each with individual car parking and a private rooftop terrace in what is slated to be a bespoke, modern-industrial style offering that pays homage to the site’s identity as the Patrick’s badge works.&nbsp;

Located in the heart of North Melbourne, 88 Leveson is located two kilometres from the Melbourne CBD and within walking distance to universities, hospitals and the Queen Victoria Market.

“Burbank Urban is a proven performer in the residential sector, having delivered a number of innovative projects across their portfolio. Their consistent delivery of quality products offers purchasers confidence in the offering that 88 Leveson presents,” Bovell concluded.

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Once complete, 88 Leveson will encompass 15 architecturally designed three and four-bedroom townhomes designed by Genton Architecture, each with individual car parking and a private rooftop terrace in what is slated to be a bespoke, modern-industrial style offering that pays homage to the site’s identity as the Patrick’s badge works. 

alisonwarters@gmail.com

Cedar Woods breaks ground for luxury North Melbourne project, 88 Leveson

Positioning itself as one of the city’s most dynamic and eclectic neighbourhoods, North Melbourne is home to a mix of established and new housing, along with a spat of commercial, industrial, retail and community facilities.&nbsp;&nbsp;

​​Since the 1980s, North Melbourne has slowly become gentrified due to its proximity to the city centre, with Errol and Victoria streets a popular hub for foodies, with a range of cafes and restaurants lining the strip.&nbsp;

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Shopping strips such as Errol and Victoria streets are popular for their range of cafes, restaurants and boutiques.

The nearby Queensberry Street has also transformed itself into the home of the arts over the years, now hosting the Melbourne Fringe Festival yearly at the old North Melbourne Town Hall which is now known as the Arts House.&nbsp;

Delivering a boutique collection of townhomes to the heart of the suburb, Cedar Woods’ 88 Leveson builds on the heritage of North Melbourne with a design that pays homage to the area’s industrial past.&nbsp;

Renowned builders, Burbank Urban have been appointed to construct the project, which presents a bold exterior, featuring brick, black metal and compressed sheet cladding.

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Mirroring the materiality and proportion of the former warehouse site, large windows create generous openings for natural light along with connections to the external spaces.

Cedar Woods engaged design-led Australian architecture firm, Genton to design 88 Levenson, offering a mix of multi-levelled three and four-bedroom townhomes.&nbsp;

Genton, with offices in both Melbourne and Sydney, is led by Principals Steven Toia, Marc Debney and Jamie McCutcheon, amassing a varied portfolio over their time, including both residential projects such as Cumulus and Verse as well as commercial works, like the Ford Asia Pacific Product Development Centre and the Powerhouse in Parramatta.&nbsp;

Conceived for owner-occupiers, each dwelling comprises open living spaces for entertaining on the first floor and large bedrooms on the upper floors.

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Designed to be spacious and flexible, the homes incorporate premium finishes such as engineered timber flooring, wool carpets and stone benchtops, along with the option to include personal lift access or an expansive whole floor master suite.&nbsp;

Crowning each of the homes are sun-drenched outdoor terraces, offering views to the North Melbourne skyline, as well as providing an additional extension to the homes.&nbsp;

Construction is due to commence soon on the project, with completion slated for 2024.&nbsp;

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A look into Cedar Woods' North Melbourne townhomes, 88 Leveson 

The Lothian in North Melbourne, has won The Frederick Romberg Award for Residential Architecture &ndash; Multiple Housing.

Kennedy Nolan won the Australian Institute of Architects (AIA) award this week for the project which was completed in May this year by Excelon Projects.

It had already won the 2021 Victorian Architecture Awards for multiple housing, along with being an entrant in the top 40 Think Brick Awards 2021.

Set on an island site, the Lothian consists of four-storey townhouses with roof gardens and two stacked two-storey apartments, one with a roof garden.&nbsp;

The design was inspired by the attractive red brick edifices from the golden age of manufacturing found in the former working class suburb.

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The judges noted The Lothian retains a sense of warehouse scale and dimensions, converting them into refined domestic use.&nbsp;

The exterior is concrete, brickwork, arched windows, oculus windows and playful tile work. The red pressed clay bricks came from Krause in Stawell.

The jury described this development as &ldquo;a robust, energy-efficient building that acts as a place of beauty and refuge for its inhabitants while offering an innovative alternative composition of a multi-residential building envelope&rdquo;.

Excelon Projects is a Melbourne-based property development company established in 2011 to create well-considered residential projects.

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The 480 square metre site with two laneways and two street frontages replaced an office buildingat 102 Lothian Street.

Lothian has been described as a programmatic and formal hybrid in response to its island site.&nbsp;

The north-south orientation results in principal elevations to the east and west with deeply shaded fa&ccedil;ades to the west and the consideration of privacy to the east.&nbsp;

The southern dwellings are imagined as artist studios.

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To the north, an apartment is suspended in the existing tree canopy, in a leafy eyrie with eccentric oriel windows.

There is a two bedroom, two bathroom apartment for sale through Belle Property agent Scott McElroy at $880,000.

It comes with interior design by artisans such as IN-TERIA, who designed the handmade timber door hardware, and the famous Cherry pendant light by DANIEL EMMA.

Slate flooring is featured throughout.

Lothian Street&#39;s location, being close to Errol Street in the heart of old North Melbourne, is marketed as the perfect urban village with a post office, supermarket, Town Hall - and the best of Melbourne&#39;s cafes and restaurants including Auction Rooms and Mork.

Plus the famous cake shop Beatrix just a 5-minute walk away.

Kelvin Taing, Director of Excelon said it had "been exciting to see this project come to life and is a testament to the vision of the architects.”

“The Lothian is a love project for Excelon.”

Set on an island site, the Lothian consists of four-storey townhouses with roof gardens and two stacked two-storey apartments, one with a roof garden. 



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Resale opportunity at The Lothian in North Melbourne, the 2021 AIA award winning apartment block

Developer Cedar W​oods has announced the launch of a new luxury project in Melbourne following an increase in demand for off t​he plan townhomes close to the CBD.&nbsp;&nbsp;

Located in the city-fringe suburb of North Melbourne, 88 Lev​e​​son encompasses 15 three and four-bedroom townhomes, each with private outdoor&nbsp;entertaining space.&nbsp;

The project mirrors Cedar Woods&rsquo; ethos to deliver quality projects that meet buyer demands, chief operating officer Patrick Archer says.

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&ldquo;In every project we undertake, our primary focus is developing in areas with access to&nbsp;amenity, creating quality homes, and building community, which are all evident in our latest North Melbourne project.&nbsp;&nbsp;

&ldquo;When considering off t​he plan, purchasers need to feel confident and secure in the&nbsp;outcome of their new home and 88 Leve​son provides that clear vision in a convenient location, only two kilometres from the city,&rdquo; Archer said.&nbsp;&nbsp;

Pre-launch enquiry has indicated the project will be highly sought after, with the volume of enquiry &ldquo;outstanding&rdquo; at the pre-release phase.

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&ldquo;This is a result of the lack of off t​​he plan townhome opportunities within inner Melbourne&nbsp;and the current dearth of residential listings,&rdquo; said Marsha​ll White&rsquo;s Mark Dayman.&nbsp;

Designed by Genton, 88 Le​veson caters to the design-savvy buyer with a striking brick fa&ccedil;ade that references the industrial history of the site.

The interiors, curated by Adele Bates, features high-quality modern amenity including Miele appliances and Signorino&nbsp;stone and have been designed for liveability.

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&ldquo;The industrial nature of the architecture and local character is seamlessly integrated and&nbsp;juxtaposed with fine design elements carried harmoniously through the homes. The interiors are imbued with a sense of huma​n scale and tactility through fine attention to detail, function,&nbsp;and materiality,&rdquo; Bates said.&nbsp;&nbsp;

88 Lev​eson is only a short distance from the historic Errol Street and within walking distance&nbsp;of Queen Victoria Market, University of Melbourne and the Melbourne Biomedical Precinct.&nbsp;

Its location makes it highly desirable to a range of purchasers, particularly&nbsp;professionals working in the nearby employment precincts.

Construction is anticipated to commence in 2022.&nbsp;

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<h2 style="margin-left: 0.4pt;">Other projects by Cedar Woods</h2>

The national developer Cedar Woods has also been developing other projects in Melbourne, such as the 64-hectare masterplanned community, Mason Quarter.

Located in Melbourne&rsquo;s northern growth corridor, only 25-kilometres from the CBD, Mason Quarter incorporates 800 dwellings, two schools and community facilities.

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Land lots within this community are selling now, with 294sqm that boast 10.5-metre frontage available from just $316,000,

The community will offer the opportunity for people to craft their ideal lifestyle in beautiful, natural surrounds with a 7.9-hectare conservation reserve and over 30 distributed tree reserves with majestic river red gums on site.

Mason Quarter is conveniently located within walking distance of the future Wollert town&nbsp;centre and a range of existing infrastructure and public amenity.

The project mirrors Cedar Woods’ ethos to deliver quality projects that meet buyer demands, chief operating officer Patrick Archer explains

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Cedar Woods launch boutique North Melbourne townhouse development, 88 Leveson

Melbourne's northern suburbs are&nbsp;renowned for maintaining a strong sense of community, with the key to Melbourne north's lasting appeal being a the combination of a&nbsp;laid-back village feel and utmost convenience.

They are&nbsp;ideally placed to take advantage of both the&nbsp;city just a short commute away as well as more local secrets.

Urban checked out five&nbsp;of the hottest developments to consider when looking to buy in Melbourne's north.

1. One Coburg Quarter 
Address:11 Urquhart Street, Coburg VIC 3058 
One-bedroom residences from $351,000

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One&nbsp;Coburg Quarter&nbsp;is a much sought-after address in the Melbourne north suburb of Coburg.

The project, set to be&nbsp;completed in a few months, is being&nbsp;developed by&nbsp;Future Estate&nbsp;and has been designed by architecture firm&nbsp;Rothelowman.

There are only has a limited number of its one and two bedroom apartments left, with residents moving in&nbsp;May&nbsp;after a three and a half year build.

One of the most unique elements of One Coburg Quarter is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Residents of One&nbsp;Coburg Quarter&nbsp;will have access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

2. Canvas, Brunswick 
Address: 272 Barkly Street, Brunswick VIC 3056 
Two-bedroom residences from $680,000

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ID_Land’s latest Brunswick development, Canvas&nbsp;offers residents a premier home with breathtaking vista's.

Designing a building offering a collection of 62 one, two and three-bedroom apartments,&nbsp;Rothelowman&nbsp;Architects has placed people at&nbsp;the cornerstone of their design.

Located on the building’s rooftop is a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne’s city skyline and parks.

Canvas lies in the heart of Brunswick’s vibrant community with retail hotspots, diverse eateries and bustling bars that are just a short walk away.

3. Verre, Preston 
Address: 296 Plenty Road, Preston VIC 3072 
Three-bedroom residences from $815,000

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Located in Melbourne’s Preston, Verre is the latest offering from Wolf&amp;Lamb.

The&nbsp;Chamberlain Architects&nbsp;designed residences are an entertainers’ delight. Large balconies connect the living room to the outdoors and a rooftop terrace offers a space to host friends or relax against the Melbourne city skyline.

Situated in the heart of Preston, Verre&nbsp;is set for&nbsp;completion in early 2022.

One bedroom apartments are available from as low as&nbsp;$385,000.

4. Reflections, North Melbourne 
Address: 108 Haines Street, North Melbourne 
One-bedroom residences from $360,000

[smartcode_project:default project_id=2533]

Delivered by Revel Development Group, Reflections is a unique opportunity to own a lifestyle in the heart of the highly sought after suburb of North Melbourne.&nbsp;

The Plus Architecture-designed&nbsp;curves&nbsp;combine to shape each balcony frame the outlook to neighbouring Gardiner Reserve, while also creating an individual sense of place for each residence as no two shapes are the same.&nbsp;

Available six&nbsp;days per week for residents, the concierge service will further enhance the convenience and luxurious nature of life at Reflections.

Reflections is also the latest development keeping people connected via convenience with an&nbsp;app for all purchasers to download. Access important information whenever and wherever you require.

On level four, Reflections&nbsp;reveals an expansive residents' garden that gazes out across the treetops to the CBD skyline. Artfully composed by the renowned Jack Merlo Design, the garden features large expanses of grassed space, lush garden beds, covered dining areas and large, circular bench seats, ideal for gathering with friends and basking in the sunset.

5. Trilogy Place, South Morang 
Address:&nbsp;360 McDonalds Road, South Morang 
Two-bedroom residences starting from $399,000

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Delivered by&nbsp;Gibson Property Corporation, Trilogy Place features range from&nbsp;stunning parkland views to solar power integration, with options to add a 10kWh battery storage system and 5kW solar panel array.

The 6 star green townhouse development was constructed in collaboration with Village Building.

Situated just 25 kilometres from Melbourne's CBD, residents can be in the city in minutes, or enjoy the local convenience of the Whittlesea area.&nbsp;

Trilogy Place is within walking distance to Westfield Plenty Valley, Pipetrack Park, Plenty Gorge Parklands, Morang South Primary School, Mill Park Secondary College, Marymede and Parade Catholic Colleges, RMIT, La Trobe University, local supermarkets, and great public transport options.

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Five properties to consider if you're looking for a home in Melbourne's north

Volaire is West Melbourne’s newest luxury development, offering a collection of 152 one and two-bedroom apartments,

Urban has taken&nbsp;a look at eight reasons why you should buy an apartment in the Dryburgh Street project. 
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1. Cbus Property is delivering&nbsp;the project

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One of Australia’s most recognisable property developers, Cbus Property has a history of delivering high-quality, luxurious urban developments.

With a portfolio exceeding $5 billion across investments and developments in the commercial, residential and retail sectors, Cbus has established themselves as a responsible and sustainable group. 
&nbsp;

2. Located in an undiscovered pocket of Melbourne

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD.

Independent shops, cafés and restaurants pepper the nearby streets and the area’s distinctive character make Volaire the ideal home for first home buyers or investors. 
&nbsp;

3. Set your roots in a trendy neighbourhood

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-a2cfb08b77c5fac70bf4a2af5fe3ac95.jpg" width="3000" /></a>

With trendy coffee shops and wine bars nearby, Volaire caters to every Melbournians’ love for food, coffee and craft beer.

Located in close proximity to the University of Melbourne campus and amongst renovated warehouses and former factories, the local surrounds boast a university-town vibe. The suburb’s industrial atmosphere complements the sheer coolness of the surrounding shops and people. 
&nbsp;

4. Designed by award-winning architects

Designed by Hayball, an award winning Australasian architectural practice, Volaire offers smartly-designed one and two-bedroom apartments with neutral interior tones and light-filled living spaces.

The sleek and slender 10-storey mid-rise utilises space to provide residents with the ultimate in comfort and convenience. 
&nbsp;

5. Ground floor retail and a modern lobby

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1545" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-004a7eec0bdeec1c372e1de93085c30c.jpg" width="2872" /></a>

Located at 9 Dryburgh Street, Cbus Property’s development is set to sit atop ground-floor retail and café spaces.

At the northern building entrance, a landscaped courtyard provides an inviting entry to the triple-height, glazed lobby, conveying luxury to passers-by. &nbsp; 
&nbsp;

6. Generous private balconies

Delivering seamless integration of the indoor and outdoor areas of each residence, generous private balconies feature floor-to-ceiling sliding doors and offer views of the bay, city and distant-ranges.

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-c225a8d571460b0daf47a9c58e38cfce.jpg" width="2000" /></a>

The alfresco areas present residents with the “space to relax, unwind and savour the joy of just being at home”, according to the project’s marketing.

&nbsp;

7. A full-floor residents’ lounge

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1518" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-727a4a7b1e149bf99c0a9e5f3c80b787_0.jpg" width="3000" /></a>

Situated on the sixth floor and dubbed “Sky Podium”, a dramatic residents’ lounge provides indoor and outdoor community space to socialise with neighbours or relax in privacy.

A fully equipped alfresco barbecue and built-in dining space is included within the space, as well as landscaped garden beds, a sun-deck, intimate seating arrangements and green spaces.

&nbsp;

8. Its located on the doorstep of North Melbourne Station

This development stands out for its connectivity, located 100-metres from the entrance to the busy North Melbourne station and one stop from the state’s principal transport hub.

Located a 20-minute walk from the Melbourne CBD or Docklands, this well-connected development is bound to suit everyone.

Urban takes a look at eight reasons why you should buy an apartment in Cbus Property's Dryburgh Street project.

Find out the #1 thing that first home buyers love about West Melbourne apartment development Volaire

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Plans have been lodged to the City of Melbourne council to convert a North Melbourne warehouse in to a mixed-use building.

The $36 million development of the site at 287-313 Macaulay Road, in the Arden-Macauley Urban Renewal Area, will see a partial demolition of the current warehouse and the construction of a 12 levels building on top of two levels of basement parking.

It will have 120 apartments above podium office space and 2,048 sqm of ground floor retail.

<a href="/buildings/ada-toorak-1093-1099-malvern-road-toorak"><img alt="" height="1214" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/north_melbourne_plans_2.jpg" width="1200"></a> Source: Hayball Architects plans submitted to the City of Melbourne

Hayball Architects have designed the building which will consist of 12 one bedroom apartments, 78 two bedroom apartments, 29 three bedroom apartments and a four bedroom penthouse. There will be seven duplexes.

There will be 250 sqm of communal space, split between a 201 sqm communal terrace on level 1 and a 49 sqm communal sky garden on level nine. 

Residents will also have access to a cinema room which is part of the ground level clubhouse where there’s also a lounge and kitchen and dining space.

<a href="/buildings/ada-toorak-1093-1099-malvern-road-toorak"><img alt="" height="506" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/north_melbourne_plans_3.png" width="1200"></a> Source: Hayball Architects plans submitted to the City of Melbourne

The 1,920 sqm site last traded for $5.28 million in 2014.

The developer has opted for car share facilities rather than a designated car space per apartment.

“Data shows that car ownership in the suburb of North Melbourne is low and a significant number of apartments do not own a car and the average ownership for larger dwellings is only one vehicle,” the assessment by Traffix Group noted.

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“This is reflective of how accessible the site is and demonstrates how suitable the site is for strategic developments that seek to further reduce the reliance on private motor vehicle.”

As an average rate, the proposal includes a provision of 0.73 spaces per apartment and there are in the order of 30% of apartments proposed without parking. 
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Hayball Architects have designed the building which will consist of 12 one bedroom apartments, 78 two bedroom apartments, 29 three bedroom apartments and a four bedroom penthouse.



Joel Robinson

Find out which Melbourne suburb is set for a new $36 million mixed-use development

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The property market has shone in the past seven years showing extraordinary growth in property prices in the northern suburbs of Melbourne, according to the latest Herron Todd White (HTW) residential report. 
The report notes last year’s property market results ended on a high note as we saw the fastest turnaround in history, with improving prices and clearance rates leading into the new year of 2020.
With property values rising, sellers are expected to cautiously return to the market, increasing stock levels.
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"So, what do we know moving forward into 2020? We can be assured that the Reserve Bank’s main focus will be to decrease unemployment rates and to increase wages, which will likely result in interest rates falling further throughout the year, making it even more affordable to enter the market," the valuation firm said. 
This trend could see an upside in developing areas such as Craigieburn, Kalkallo and Mickleham, which may prove to be the only truly affordable option for the inner and outer northern suburbs.
"By offering properties at affordable prices, these areas may still be the choice for migrating families moving to Melbourne or country Victorians wanting to move closer to Melbourne," the valuation firm said. 
A Craigieburn three bedroom house has been sold for $570,000.
The three bedroom, two bathroom home is situated at <a href="https://www.realestate.com.au/sold/property-house-vic-craigieburn-132823606" target="_blank">32 Newlyn Drive </a>(pictured below).
Set on 650sqm, the home comes with well-appointed kitchen, meals area, and pergola overlooking backyard. 
<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/2020/2/24/craigeburn.jpg" alt="">
Areas in the desirable suburbs of the inner north such as Abbotsford, Carlton and Richmond should expect to see moderate to low stock on the market.
The report notes blue chip properties that tick all the boxes will continue to perform in 2020.
"Low vacancy rates will also be evident in these areas with vacant dwellings being snapped up either by investors or renters," the valuation firm said. 
A Richmond Victorian house has recently been sold for $1.67 million. 
The three bedroom, one bathroom home is situated at <a href="https://www.realestate.com.au/sold/property-house-vic-richmond-132848686" target="_blank">10 Moorhouse Street</a> (pictured below). 
It comes with open plan living, north facing courtyard and spacious kitchen. 
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Desirable Melbourne inner north suburbs to see low vacancy rates in 2020: HTW residential 

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It seems a distant memory, but the property market entered 2020 with much anticipation and optimism coming off a strong end to 2019, according to the November report from Herron Todd White.
The Melbourne North auction results at the start of the year are in complete contrast to the past few months in Victoria. There were 1123 auctions on 22 February compared to just 33 on 12 October, highlighting the change in market conditions since the start of the year (source: Corelogic,2020).
That being said, properties have still been selling albeit not in the numbers recorded prior to the Coronavirus pandemic. The decrease in number of listings has resulted in less prestige properties hitting the market but that lack of stock has also helped to keep prices steady with buyers fighting over the limited number of properties.
Homes in the inner northern suburbs of Melbourne are well known for their Victorian period architecture. 16 Rushall Crescent, Fitzroy North (pictured) is no exception. This property sold for $3.675 million on 15 June. This house has four bedrooms, two bathrooms and one car space. The front of the house has been restored with period fixtures and features moving into a rear extension which ties in modern and state of the art designs. The sale occurred between the first and second lockdowns with a high number of potential buyers resulting in a sale in 21 days. The sale showed that the market was still achieving good results in uncertain times mainly due to the lack of stock and the number of willing and able buyers remaining active in the market.
One of the more unique sales in the inner northern suburbs was 69 Fitzgibbon Street, Parkville. This 1889 heritage registered polychrome brick building was and still is the Parkville post office. The property includes five bedrooms, one bathroom and three car spaces. The post office still operates on a lease worth almost $31,000 annually. The building marketed as a once in a lifetime opportunity saw high interest initially and sold in 30 days for $4.04 million on 22 February. The historical significance, late 1800s neo gothic architecture and the fact that it still operates as a post office certainly makes this one of the more unique sales in Victoria during 2020.
A new prestige listing further north at 252 Woodland Street, Strathmore, is currently listed on the market and asking for between $4.25 million and $4.55 million. This ultra-modern home has four bedrooms, three bathrooms and a seven-car basement carpark. The open floor plan and combination of large indoor and outdoor entertaining spaces accompanied by high end fixtures and fittings will be sure to gain interest in a market which is still seeing low numbers of stock due to the Coronavirus lockdowns.
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North Melbourne prestige market stock remains low: HTW

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Residential dwellings in the inner and middle north suburbs such as Brunswick, Coburg, Northcote, Essendon and Preston are generally priced out of the $700,000 budget given that the median house prices in these areas surpass the $1 million mark, according to the July Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
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"Consequently, we are required to limit our search to strata properties including units, townhouses and villas," the valuation firm said. 
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"Moving further out into suburbs such as Glenroy, Fawkner and Reservoir where median house prices are currently closer to the $700,000 mark, we can expect to see a number of two- and three-bedroom dwellings appearing within reach, particularly those in need of renovation," the valuation firm added. 
Finally, in the outer north, suburbs including Epping, Wollert and Craigieburn where current median house values are under the $600,000 mark, large homes with higher specifications, sizeable blocks and four or five bedrooms become possible candidates.
A four bedroom house at<a href="https://www.realestate.com.au/property-house-vic-epping-134104774" target="_blank"> 12 Creekedge Views, Epping</a> (pictured below) is currently on the market with a price guide of $610,000 to $650,000.
Set on a 375sqm lot, the home comes with living area with open plan kitchen, two bathrooms, and double garage. 
It is located within easy access to the Aurora Village Shopping Centre. 
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"As it appears that the recent health pandemic is having minimal impact on values in the inner north – in part due to the lack of stock and current demand - we would be inclined to invest in these areas as properties are still selling within normal market parameters. 
"Given that we are limited to strata properties in these areas with a spend of $700,000, we would suggest a preference towards those that are part of smaller developments such as townhouses rather than large, multi- unit developments," the valuation firm said. 
 There are a number of two- bedroom, two-bathroom townhouses in Brunswick East that fit the bill perfectly.
A two bedroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-brunswick+east-129679258" target="_blank">4 Edwina Way, Brunswick East</a> (pictured below) has recently been sold for $690,000.
The home comprises two bedrooms, one central bathroom, open plan living/kitchen/dining and northerly balcony. 
It is situated a stroll to 96 tram and Balfe Park. 
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The report suggests investors can expect reasonable returns on strata properties in these areas. 
Modern, two- bedroom, two-bathroom apartments can achieve approximately $450 to $500 a week while villa units with two bedrooms and one bathroom achieve approximately $380 to $420 a week. 
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"We believe that performance in this price sector will remain stable in the short to medium term and given the current state of the market, buyers can and should remain confident." 
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