Portrait Carnegie - 401 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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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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silvermb

Boom times for apartment construction in Glen Eira

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Following on from <a href="https://www.urban.com.au/news/welcome-to-boom-town-melbournes-low-rise-high-density-projects-in-one-long-list">Friday's list of 2, 3 and 4 floor low-rise high-density projects</a>, today we're looking exclusively at projects which have either 5 or 6 floors.

There are 243 current projects in the list below and while the overwhelming majority of projects are residential, there are a few notable commercial projects such as the ABC's expansion of its offices and broadcast facilities on <a href="/new-apartments/southbank-vic-3006">Southbank</a>, the <a href="/developments/burnley-vic-3121">East Edge Botannica</a> project in Richmond and <a href="/developments/hawthorn-vic-3122">8 Hall Street</a> in Hawthorn.

Factoring in purely residential projects, the list of projects below yields 10,781 dwellings from planning assessment to construction.

<h2>The low-rise high-density story</h2>

Combining the numbers across both lists - that is, buildings with 2, 3, 4, 5 or 6 floors - there are just under 18,000 dwellings across 453 projects (2 more low-rise projects have been added since Friday's article). 46% of all projects on Urban.com.au <a href="https://www.urban.com.au/developments">Project Database</a> have 6 or less floors.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Project Status</th>
			<th class="rtecenter" scope="col">Number of Projects</th>
			<th class="rtecenter" scope="col">Number of Dwellings</th>
		</tr></thead>
<tbody>
<tr>
<td>Planning Assessment</td>
			<td class="rtecenter">99</td>
			<td class="rtecenter">4175</td>
		</tr>
<tr>
<td>Approved</td>
			<td class="rtecenter">97</td>
			<td class="rtecenter">3866</td>
		</tr>
<tr>
<td>Registration and Sales</td>
			<td class="rtecenter">141</td>
			<td class="rtecenter">5116</td>
		</tr>
<tr>
<td>Under Construction</td>
			<td class="rtecenter">116</td>
			<td class="rtecenter">4808</td>
		</tr>
<tr>
<td>Total</td>
			<td class="rtecenter">453</td>
			<td class="rtecenter">17,965</td>
		</tr>
</tbody>
</table>
Furthermore Urban.com.au has site area data on 214 of the 453 projects outlined in the table above; this subset has an average of 312 dwellings per hectare. Dwellings per hectare = 10,000 ÷ (Site Area m2 ÷ Dwellings).

Where Friday's list has projects which provide a good insight into what is possible in the residential growth zone throughout the Metropolitan area, today's list looks at the small step up into areas where suburban structure plans encourage higher-density development.

See <a href="https://www.urban.com.au/news/welcome-to-boom-town-melbournes-low-rise-high-density-projects-in-one-long-list">Friday's article</a> for the list of projects with 2, 3 or 4 floors.

And it's over to the Project Database once again. Here's the list of projects with either 5 or 6 floors.
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Carnegie's apartment scene in focus

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Melbourne's low-rise high-density: all projects with 5 or 6 floors in one long list

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