The dominant developer across the Urban.com.au Project Database is...

The dominant developer across the Urban.com.au Project Database is...
Mark BaljakSeptember 30, 2016

...prolific apartment developer Steller.

Provided you're in the right suburb, chances are when you peer over your back fence you'll be looking at a Steller project under construction.

The Carnegie-based outfit has made a habit of targeting suburban Residential Growth Zones with low-rise apartment projects - and very successfully. Steller has no less than 22 projects currently within the Urban.com.au Project Database; based on database entries alone they are a veritable quantum leap ahead of the next.

Steller's upswing can be attributed to a number of factors. Primarily, the developer focuses on 3-5 level apartment buildings across Melbourne's southern and eastern suburbs where owner-occupiers are currently all the rage.

Working generally within the 20-40 apartment band per project, two and three bedroom options rule to roost. Single bedroom apartments few and far between.

The dominant developer across the Urban.com.au Project Database is...
Bentleigh is the epicentre of Steller's project map

The slant toward oversized apartments in suburbs which are currently in favour sees Steller log 21 projects within the Urban.com.au Project Database which are either at Registrations & Sales or Under Construction. Undoubtedly the developer has more up their sleeve as well which have yet to reach the public realm.

The sum of all Steller listings within the Urban.com.au Project Database amounts at 781 apartments; 36 apartments per project on average, or still well under any of a handful of individual inner city's super towers under construction which carry in excess of 1,000 apartments.

Steller's success has also passed down to their architect of choice, Ewert Leaf. The South Melbourne practice sees a healthy proportion of their database listing attributed to Steller apartment projects.

Steller's increased project exposure flows from the developer's relationship with two key partners, namely APN Property Group and OCP Asia. 

In partnership with APN, the duo have cemented a development partnership which will develop 223 apartments over six medium density projects. Insight is given by APN Property Group as to why their partnership (and by default Steller) is so successful. The manageable size of each project allows for an altogether nimble approach to development. 

The dominant developer across the Urban.com.au Project Database is...
Bentleigh's Vickory and Hall Street, Cheltenham

Medium density projects with a fast turn around and lessened inherent risk, located in Residential Growth Zones surrounding public transport is the order of the day, and a recipe for success.

The Australian reported mid this year that OCP Asia as Steller's second partner will provide finance to multiple apartment developments in the pipeline; roughly $800 million worth of apartments across ­Melbourne’s south eastern ­suburbs will benefit from the agreement.

With the sheer volume of projects Steller has on the go, one thing's for sure...they will keep the Urban.com.au Project Database ticking over for some time to come.

Mark Baljak

Mark Baljak was a co-founder of Urban.com.au. He passed away on Thursday 8th of November 2018 after a battle with cancer. He was 37. Mark was a keen traveller, having visited all six permanently-inhabited continents and had a love of craft beer. One of his biggest passions was observing the change that has occurred in Melbourne over the past two decades. In that time he built an enormous library of photos, all taken by him, which tracked the progress of construction on building sites from across metropolitan Melbourne.

Editor's Picks

Box Hill's best new apartment development approaches completion
"We will reward the buildings that are designed the best" VIC Gov to speed up approvals for best designed apartment developments
Beulah unveils new sustainable Fitzroy development
UEM Sunrise approved to develop two towers on Subiaco Oval
Traders in Purple line-up new Padstow development