Maison - 247-251 Neerim Road, Carnegie

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This week's focus on Melbourne's hotspots of development leads us to Carnegie which is currently seeing significant public investment through the level crossing removal programme on the Pakenham/Cranbourne lines. Laila Residences is an example of one the <a href="/buildings/laila-residences-7-11-belsize-avenue-carnegie">modern developments</a> in Carnegie. 

Carnegie sees no less than <a href="/new-apartments/carnegie-vic-3163">28 projects</a> on the Urban.com.au project database ranging from 'Goldilocks' (RGZ) zone-scale development to the much larger scale - the latter especially on sites lying to the north of the railway line.

The 9 level crossing removals that are currently underway between Caulfield and Dandenong see three distinct zones of work:  Noble Park (now complete), Clayton (the section most likely to open next) and Carnegie, Murrumbeena and Hughesdale.

The railway line is being elevated between Caulfield and Oakleigh and with that three new stations are being built to replace existing stations.  The end-game is that there will be no level crossing between the City and Dandenong eventually, paving the way for higher frequency services that will eventually link directly to the Melbourne metro tunnel.

And it's in the context of the Melbourne Metro project and the omnipresent Caulfield campus of Monash University that often draws owner-occupiers and investors into Carnegie. 

Thanks to a permanent express stopping pattern from Caulfield to South Yarra - and one that is likely to be maintained but just diverted to the new ANZAC (née Domain) station and then onto Town Hall (née Flinders Street) through the Melbourne Metro tunnel - trains from Carnegie are timetabled to arrive at Flinders Street 15-16 minutes later when they run direct.

Contrast this with <a href="https://www.urban.com.au/news/moonee-ponds-apartment-scene-in-focus">Moonee Ponds</a> which, as the crow flies, is 6-7km from the city versus Carnegie at 12km: the direct train journey to Flinders Street from Moonee Ponds is timetabled for 16-17 minutes.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/murrumbeena.jpg" rel="gallery-all" title="Station canopy modules have begun to appear one stop down the line at Murrumbeena - image: LXRA"><img alt="" class="image-article-full-width-580px" height="459" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/murrumbeena.jpg?itok=Aabph4VD" title="Station canopy modules have begun to appear one stop down the line at Murrumbeena - image: LXRA" width="580"></a>

<figcaption>Station canopy modules have begun to appear one stop down the line at Murrumbeena - image: <a href="https://www.facebook.com/pg/levelcrossings/photos/?ref=page_internal">LXRA</a></figcaption></figure>Dissecting the project pipeline in Carnegie, there are 10 projects under construction, 8 at sales and the remaining 10 projects either approved or currently with Glen Eira council for planning assessment.

With a very strong pipeline where over a third of the projects in the suburb being under construction, points to a great deal of new rental supply likely to come online as projects transition to completion.

For buyers there's plenty of choices - not just with the current number of projects that are actively being marketed but also with the pipeline of projects still to come.

Carnegie is one of the three main enclaves of 'Goldilocks' zone in the City of Glen Eira.  The others are Bentleigh and Elsternwick.

The 'Goldilocks' zone is how we colloquially refer to the Residential Growth Zone.  It's not too cold ('suburban'/under development), not too hot (30 level towers next to suburban backyards), but just right: new buildings that can introduce a mix of uses on the ground floor with up to 3 more residential dwelling levels above.

<iframe allowfullscreen="" frameborder="0" height="450" scrolling="no" src="https://www.google.com/maps/embed?pb=!4v1519262743508!6m8!1m7!1sztSxeSIGtheRD9eXt-BrjQ!2m2!1d-37.88896834209392!2d145.056283217642!3f336.0481383140882!4f8.806939711911198!5f0.7820865974627469" style="border:0" width="100%"></iframe>Check out the full list of Carnegie projects on the database below.
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Alastair Taylor

Carnegie's apartment scene in focus

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Over the course of the last week, Malaysian developer S P Setia has landed two telling blows in Melbourne's apartment market, further enhancing its stature locally.

Malaysian publication The Edge Markets has in recent days reported that the developer has secured 111-125 A’Beckett Street for a price of $61 million. Complete with permit for an Elenberg Fraser-designed apartment tower spanning 200 plus metres, the A'Beckett Street plot of 1,714sqm is the developer's sixth Melbourne foray.

CBRE City Sales recently ran an Expression of Interest campaign for the site which was initially controlled by Singaporean outfit Tong Eng Group. The scheme had been dubbed Myriad Melbourne prior to S P Setia's involvement.

The Edge Markets <a href="http://www.theedgemarkets.com/article/s-p-setia-acquires-sixth-parcel-land-melbourne-rm137-bil-project">reported</a> S P Setia's CEO and president, Datuk Khor Chap Jen as stating the following:

<blockquote>
We are truly pleased and happy with this fantastic news. This is another golden opportunity for S P Setia to deliver yet another development par excellence in Melbourne, the world's most livable city for the sixth year in a row.

The winning bid reaffirms Setia’s long-term commitment and confidence in the Australian real estate market. We remain optimistic on the property market in Australia and will continue to look out for more acquisition opportunities.
<cite>Datuk Khor Chap Jen, CEO, S P Setia</cite>
</blockquote>

In its currently approved form S P Setia can pursue 632 apartments within their new project.

According to The Edge Markets, 111-125 A'Beckett Street will be launched this year and will carry an estimated gross development value of $419 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image5_9.jpg" rel="gallery-all" title="111-125 A'Beckett Street. Image: CBRE City Sales"><img alt="" class="image-article-full-width-580px" height="725" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image5_9.jpg?itok=rNGJcaLL" title="111-125 A'Beckett Street. Image: CBRE City Sales" width="580"></a>

<figcaption>111-125 A'Beckett Street. Image: CBRE City Sales</figcaption></figure>News of S P Setia's A'Beckett Street foray comes hot on the heels of <a href="https://www.urban.com.au/news/s-p-setias-308-exhibition-street-approved-shangri-la-hotels-resorts-confirmed-as-operator"> the developer launching Sapphire By The Gardens</a>, which includes dual towers in the 250 metre range.

While one tower has been dedicated to Shangri-La Hotels and Resorts to be operated under their premium Shangri-La banner, the other which includes 345 luxury apartments has seen a high level of sales made, according to offshore markets website The Edge. Located at 308 Exhibition Street, the Cox and Fender Katsalidis-designed development features a distinctive green podium.

Released for sale only last weekend, The Edge Markets also <a href="http://www.theedgemarkets.com/article/s-p-setias-sapphire-gardens-70-taken-over-weekend-launch">reports</a> that more than 70% of apartments have been accounted for after the launch which was held simultaneously in Kuala Lumpur, Jakarta, Sydney and here in Melbourne. Hong Kong, Beijing, Shanghai and Singapore are reportedly to have their launch this weekend.

Construction of the mammoth project is slated to start later this year.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image6_15.jpg" rel="gallery-all" title="Sapphire By The Gardens. Image: S P Setia"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image6_15.jpg?itok=QmcuMweq" title="Sapphire By The Gardens. Image: S P Setia" width="580"></a>

<figcaption>Sapphire By The Gardens. Image: S P Setia</figcaption></figure>With Maison Carnegie at construction and A'Beckett Street poised to join Sapphire By The Gardens at sales over the course of 2017, S P Setia's only remaining Melbourne project which has yet to be launched is the more modest mid-rise 103-105 High Street in Prahran.
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silvermb

S P Setia lands 111-125 A'Beckett Street as offshore media reports Sapphire is all but sold out

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Glen Eira's apartment construction scene is particularly healthy at present.

Failing any construction works on marquee projects such as Caulfield Village or Monash University, a 'mosquito fleet' of low-rise apartment projects are ably taking up the slack and keeping the crane count within Glen Eira at a heightened level. Across the Urban.com.au Project Database, 27 separate projects are listed as at construction, whilst additional smaller builds within the municipality further boost that number.

Of the projects tracked by Urban.com.au, the sum of apartments under construction currently stands at just beyond 900.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_1816.jpg" rel="gallery-all" title="Arrow Construct at M Carnegie"><img alt="" class="image-article-full-width-580px" height="361" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_1816.jpg?itok=KUNEIuFD" title="Arrow Construct at M Carnegie" width="580"></a>

<figcaption>Arrow Construct at M Carnegie</figcaption></figure>The typical apartment project consists of 3-4 levels, with the current crop at construction averaging out to approximately 40 apartments per development.

Bentleigh is currently a stronghold of construction works; 6 projects are under construction and all are a short distance from the freshly completed Bentleigh Station. Carnegie also punches hard with 8 projects heading skyward, although they spread across the suburb.

In light of the swing away from investment grade inner city apartments to the owner occupier middle ring suburban market, municipalities such as Glen Eira, Stonnington and Whitehorse have seen a boost in demand for apartment living. This is borne out by the healthy number of projects at construction; these projects are smaller, require less capital and in general create less risk for their respective developers.

Usually a heavy hitter in Melbourne's inner city market, SP Setia is very much representative of larger developers delving into middle suburbs. Their Carnegie project dubbed Maison sees 48 apartments at construction at the hand of builder Ironstone.

Not to be overlooked is Steller; the prolific developer of smaller projects consisting predominantly of 2 and 3 bedroom apartments always maintains a healthy presence within Glen Eira. Currently, Steller has 13 projects within Glen Eira on the Urban.com.au Project Database, with only a handful at construction.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_1793_0.jpg" rel="gallery-all" title="Steller are developing Vickery Apartments"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_1793_0.jpg?itok=356tzksN" title="Steller are developing Vickery Apartments" width="580"></a>

<figcaption>Steller are developing Vickery Apartments</figcaption></figure>And Steller's mass of projects within the municipality yet to reach construction is symptomatic of the strong pipeline within Glen Eira.

Urban.com.au is tracking a further 27 projects within Glen Eira that are at registrations and sales. Carnegie and Murrumbeena look to be the suburbs to watch in terms of construction activity over the next period.

Larger projects too are set to join the fray, as evidenced by 1060 Carnegie and Woorayl Street which involves Pace Development Group as builder. Both projects at between 10-12 levels represent a step up in projects size within Carnegie.
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Boom times for apartment construction in Glen Eira

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<h2>Comment</h2>

The mainstream media have been very quick to highlight community angst at the lack of consultation on the preferred design response to the level crossing removals in the Dandenong corridor. Indeed it is best highlighted with <a href="http://www.heraldsun.com.au/news/breaking-news/fight-with-locals-brews-over-vic-sky-rail/news-story/247b68bd0660a79943ba1a3d28abae4f">this report</a> that public servants were doorknocking just prior to the public announcement over the weekend.

The two newspapers and Channel 7 have both given a lot of column space and air time to the community pushback with the President of the No Sky Rail Group centred around Murrumbeena and Carnegie being quoted extensively.  The Herald Sun especially has provided a lot of <a href="http://www.heraldsun.com.au/news/victoria/sky-rail-protesters-vow-to-fight-victorian-governments-plans/news-story/487f10877a3963ac5333d1c6fa530120">exposure</a>.

<blockquote>
“It’s a visual blight on my property and I don’t want it. Nobody asked for my say — I have had no choice, I have had no voice in this whole consultation process.”

“I fear my property will be overshadowed, and for the privacy of my young children playing in the backyard and in the pool, and I hold grave concerns for the impact on my property value.”

<cite>Karlee Browning, No Sky Rail Group spokesperson, <a href="http://www.heraldsun.com.au/news/victoria/sky-rail-protesters-vow-to-fight-victorian-governments-plans/news-story/487f10877a3963ac5333d1c6fa530120">Herald Sun</a></cite>
</blockquote>

Ever present in all the media coverage, the shadow planning spokesperson and Leader of the Opposition have been swift in capitalising on the community angst claiming that certain design responses - rail under road / in a trench - were 'promised' by the current Government.  

Likewise the height of the proposed elevated rail guideways and now the height of the stations as depicted in the level crossing removal authority's graphics and animation are now being used.

<blockquote class="twitter-tweet" data-partner="tweetdeck">
Nine metre high rail and 20 metre high stations coming for the Frankston line courtesy of Daniel Andrews. <a href="https://twitter.com/hashtag/howtoruinthesandbelt?src=hash">#howtoruinthesandbelt</a>
— Matthew Guy MP (@MatthewGuyMP) <a href="https://www.propertyobserver.com.au/https://twitter.com/MatthewGuyMP/status/696872195612520448">February 9, 2016</a>
</blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>The City of Glen Eira was the first local government area to have its reformed residential zones ticked off by the then Planning Minister and now Leader of the Opposition, Matthew Guy.  

It was Glen Eira's liberal use of the neighbourhood residential zone that locks out significant change in suburban areas which drew the ire of the planning profession and set off a debate where most recently the present Planning Minister Richard Wynne <a href="http://www.premier.vic.gov.au/residential-zones-state-of-play-reports-released/">announced a review</a> into lop-sided implementation of the new residential zones throughout the metro area.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/glen_eira_carnegie_murrumbeena_zones.png" rel="gallery-all" title="Zone map from Glen Eira planning scheme - planningschemes.dpcd.vic.gov.au"><img alt="" class="image-article-full-width-580px" height="378" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/glen_eira_carnegie_murrumbeena_zones.png?itok=Fkq-3jYh" title="Zone map from Glen Eira planning scheme - planningschemes.dpcd.vic.gov.au" width="580"></a>

<figcaption>Zone map from Glen Eira planning scheme - <a href="http://planningschemes.dpcd.vic.gov.au/__data/assets/pdf_file/0005/179591/gleneira02zn.pdf">planningschemes.dpcd.vic.gov.au</a></figcaption></figure>Carnegie was one area of Glen Eira that has some application of the Residential Growth Zone - the zone which broadly allows for residential development up to 4 levels and in Glen Eira's case, <a href="http://planningschemes.dpcd.vic.gov.au/schemes/gleneira/ordinance/32_07s01_glen.pdf">RGZ1 outlines</a> a maximum building height of 13.5 metres.

If the success of the residential growth zone is measured purely by the number of applications that have been lodged in an area where the new zone applies then Carnegie is the poster child.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/carnegie_rgz.png" rel="gallery-all" title="Screen capture over Carnegie from the Urban.com.au Project Database map"><img alt="" class="image-article-full-width-580px" height="440" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/carnegie_rgz.png?itok=BI71uBa8" title="Screen capture over Carnegie from the Urban.com.au Project Database map" width="580"></a>

<figcaption>Screen capture over Carnegie from the Urban.com.au <a href="https://www.urban.com.au/developments">Project Database map</a></figcaption></figure><h2>Reality Check Time</h2>

Carnegie won't be a <a href="http://www.theage.com.au/comment/the-age-editorial/is-elevated-rail-really-the-right-way-to-go-20160208-gmoj0i">"mostly flat"</a> suburb for long - it even had multi-level higher-density development before the new residential zones were applied (at the end of <a href="https://goo.gl/maps/FAfmdvyjBn12">this street</a>).  The new residential zones are driving investment into this pocket of Melbourne and buildings of a similar height or even higher than the proposed Carnegie Station have either been constructed or have been lodged with Glen Eira council - they are attached to this article below.  

One project on Dandenong road just north of the station precinct has 10-11 levels and is currently <a href="http://www.princesdomain.com/">taking registrations</a>.

Based on current planning activity and the potential new residents flowing into places like Carnegie, I think the State Government was right to go with an elevated design response and focus on turning the land occupied by rail track into new public space.  

The stretch of rail corridor between Grange Road and Murrumbeena Station is the most narrow part of the Dandenong corridor and legitimate questions on how this corridor will be expanded to four tracks are being asked - and they need to be answered so a backlash like the current one in Carnegie-Murrumbeena does not flare up once again.  

Just west of Carnegie station the distance between fences across the rail corridor measures a very narrow 20-21 metres - the absolutely bare minimum needed for a four track railway.  In contrast further down the line near Clayton the corridor measures 40 metres.

The State Government seems content on squeezing more capacity out of two tracks by extending platforms and running trains more frequently for the time being and this, on the face of it, is quite sensible.

However when you take into account the Plan Melbourne projections for the southern sub-region - an extra 400,000-500,000 extra people living from Police Road right out to the fringe - and the need to provide a decent VLine service to the La Trobe Valley, not to mention continue to use the rail line for freight, extra track will eventually be needed.  

Perhaps the biggest stuff-up with this announcement has been the lack of foresight with regards to eventual expansion and the State Government should do the right thing now and work out which properties will need to be compulsorily acquired between Caulfield and Dandenong to make this happen.  

It would be far more prudent to put the community which resides next to the rail corridor out of its misery and acquire now at current market rates before the prices go up even further as developers jostle for sites contained within the residential growth zones.  
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Was the Dandenong corridor's fate sealed with the new residential zone rollout?

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It's very easy to assume that Melbourne is only building skyscrapers and high-rise towers in the inner city and low-density detached housing on the fringes.  Skyscraper proposals attract headlines across a wide range of media outlets but there's an equally huge story of Melbourne's current development scene that is easily overlooked.

What of the middle ground between skyscraper or sprawl?  There are in fact hundreds of small stature apartment projects in Melbourne's suburbs that are easily glossed over.

At the time of writing there are 983 projects listed on the Urban.com.au Project Database.  208 of those are made up of either 2, 3 or 4 floors and when combined contain over 7,000 dwellings across all phases of the development cycle: that is from planning to construction.

If the search criteria is expanded to include projects up to and including 5 floors, the total number of projects rockets up to 339 with over 12,000 dwellings in play.

The following (long!) list is every low-rise project with either 2, 3 or 4 floors that Urban.com.au is tracking on within our  <a href="https://www.urban.com.au/developments">Project Database</a>.  <a href="https://www.urban.com.au/">Data Portal</a> subscribers can pull this information directly by exporting the database and filtering through a spreadsheet program like Excel or OpenOffice Calc.

I'm going to let the database do the talking from this point on - so get off your mobile, turn your tablet to portrait layout or jump on a desktop/laptop: here's Melbourne's low-rise high-density story.
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Maison

Sales Status

Apartments

Buildings

Building Type

Development information for Maison

Meet the team behind Maison

Location of Maison

News about Maison

Carnegie's apartment scene in focus

S P Setia lands 111-125 A'Beckett Street as offshore media reports Sapphire is all but sold out

Boom times for apartment construction in Glen Eira

Was the Dandenong corridor's fate sealed with the new residential zone rollout?

Welcome to boom-town: Melbourne's low-rise high-density projects in one long list

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