City of Melbourne

The team at Urban rounded up the top 5 properties perfect for those looking to buy in the City of Melbourne.

Watch the video to learn more about stamp duty savings and the fantastic amenities you could live minutes from.

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Learn more about the listings mentioned in the video:

<h2>MELBOURNE SQUARE</h2>

The design focus by Cox Architecture centred on creating a community where a resident's every need could be met within a short walk. Southbank VIC has access to some of Melbourne's most dynamic activity zones: the arts precinct, Yarra River, sporting venues and park network. At the Melbourne Square residential towers, you will be a convenient short distance from the renowned Crown Casino, as well as much more amenity the suburb of Southbank VIC has to offer.

[smartcode_project:default project_id=2929 project_image_fid=137896]

<h2>MELBOURNE GRAND</h2>

Melbourne Grand is recently completed &amp; ready to move in, Melbourne Grand offers stunning city views &amp; outstanding living experience rising 58 storeys above the CBD. Just a short walk to Queen Vic Market, Southern Cross Station &amp; Flagstaff Gardens.

[smartcode_project:default project_id=3490 project_image_fid=92417]

<h2>ESCALA NEWQUAY</h2>

A great range of lofts, apartments and SOHO’s are still available. MAB Corporation is proud to present Escala Newquay – an eclectic collection of innovative lofts, stylish apartments and home offices designed by Six Degrees Architects.

[smartcode_project:default project_id=5197 project_image_fid=37070]

<h2>EAST TOWER, MELBOURNE QUARTER</h2>

Find the perfect work-life balance at the residential Melbourne Quarter’s East Tower, Flinders Street. Melbourne, Australia is famous around the country for its great food, culture, and retail. The Melbourne Quarter Tower building location bridges the gap between Melbourne’s central business district and the thriving South Wharf, Docklands, and Port Phillip Bay.&nbsp;

[smartcode_project:default project_id=3459 project_image_fid=179455]

<h2>ENCOMPASS</h2>

Encompass Carlton Fitzroy is at the centre of everything.&nbsp;Located at the corner of Elgin and Nicholson Streets, Encompass delivers bright and spacious 1, 2 &amp; 3 bed apartments with generous balconies and exclusive resident amenities. 50% have already sold!&nbsp;

Living spaces at Encompass are open and bright, and encourage the connection between indoor and outdoor living. Every apartment incorporates a paved terrace or balcony, opening off the living area.

[smartcode_project:default project_id=5116 project_image_fid=188280]

The team at Urban rounded up the top 5 New Developments with residences perfect for those looking to buy in the City of Melbourne.
Watch the video to learn more about stamp duty savings and the fantastic amenities you could live minutes from.

urban.com.au

Urban’s Top 5 Melbourne Property Picks for First Home Buyers | Video

The Trenerry Consortium has announced the acquisition of the historic, Burnham Beeches in Melbourne&rsquo;s Yarra Ranges. The transaction was managed directly with the former owners who will hand over the reins of the site&rsquo;s regeneration.

The consortium intends to engage early with the close-knit community of the Dandenong Ranges as an important first step in a holistic review of the master plan.

Placemaking agency Village Well has been appointed to assist with this process, leaning on their extensive experience with both public and private development projects.

&ldquo; We are pleased to be embarking on this regenerative journey with the local community and to be working on such a significant and unique site which is both locally loved and globally distinctive. Burnham Beeches is truly a one time one place offering,&rdquo; says Gilbert Rochecouste, Founder &amp; Managing Director of Village Well.

The property was sold with a permit in place for stage one of the redevelopment, which the consortium intends to proceed with, however it will be seeking input into the amenity and functioning of Burnham Beeches as part of the early community consultation process.

The immediate priority will be to work with Heritage Victoria and Council on a number of building orders to be urgently addressed across the site.

The Consortium has appointed Hamilton Marino, who are also the builders of The Continental Hotel, to complete the works.

The 56-acre site is home to a number of heritage buildings which are set to be restored as part of extensive works to breathe new life into the property, including one of Victoria&rsquo;s most significant art deco buildings, the renowned Alfred Nichols heritage mansion.

Investing in the experience economy is familiar territory for Trenerry, as it works to create a legacy of bringing Victorian heritage icons back to life.

The group recently acquired South Yarra&rsquo;s Poolman House with plans to convert it to a hotel and private members&rsquo; club, while also preparing to open Sorrento&rsquo;s $135 million Continental Hotel later this month.

On this latest venture, Trenerry Director Robert DiCintio said the opportunity to purchase Burnham Beeches was unpassable given its rich history and proximity to the centre of Melbourne.

&ldquo; We know there&rsquo;s a really strong community sentiment around Burnham Beeches and we want to work with Council and the community together with Heritage Victoria and Parks Victoria to ensure this is a place to be enjoyed for generations to come,&rdquo; he said.

&ldquo; There&rsquo;s a lot to work through even in this initial stage, and years of work ahead. We are both respectful and excited, if not somewhat daunted, by the journey ahead but I believe with the support of Burnham&rsquo;s passionate stakeholders together with our proven track record, we can see it operating in some capacity later this year.&rdquo;

The Consortium is made up of The Victor Smorgon Group, The Kanat Group and Trenerry Property. As well as South Yarra&rsquo;s Poolman House and The Continental in Sorrento, these proudly Victorian groups have been responsible for several other landmark projects - such as the West End Project in West Melbourne, Ebony at 347 Camberwell Road Camberwell and 88 Trenerry Crescent, Abbotsford.

The consortium intends to engage early with the close-knit community of the Dandenong Ranges as an important first step in a holistic review of the master plan.

alisonwarters@gmail.com

Trenerry Consortium acquires historic Burnham Beeches 

Prospective buyers have never had a better opportunity to buy a&nbsp;property in the City of Melbourne.

The State Government is offering stamp duty incentives for new properties purchased within the City of Melbourne area. A 50% concession on stamp duty is available for new properties worth up to $1 million, for contracts entered into before June 30 2022.&nbsp;If the new property has been on the market for more than 12 months, then stamp duty is waived completely.

It includes all of the locations in the City of Melbourne local government area, which&nbsp;includes the surrounding city areas of Docklands, <a href="https://www.urban.com.au/new-apartments/southbank-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Southbank</a>, and <a href="https://www.urban.com.au/new-apartments/kensington-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Kensington</a>.

Experts are saying that now is the right time to buy in Melbourne, while the stamp duty savings are in place, and before international migration and investment really fires back up, which in turn drives prices higher.

Both concessions are applicable for owner-occupiers and investors,&nbsp;and can be used in conjunction with other offers like off the plan deals and first home buyer grants.

We&#39;ve wrapped up the best developments currently on the market in the City of Melbourne LGA which either have only 50% stamp duty payable, or none at all.

<h2><a href="https://www.urban.com.au/new-apartments/docklands-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Docklands</a></h2>

Project name: <a href="http://www.urban.com.au/buildings/melbourne-quarter-628-flinders-street-docklands">East Tower,&nbsp;Melbourne Quarter</a> 
Developer: Lendlease 
Priced from: $455,000 
Stamp duty: Pay $0 stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=3459 project_image_fid=179458]

The national property developer, Lendlease, has put everything in one place for residents at Melbourne Quarter, with the recently completed East Tower featuring three whole floors of resort-style amenities.

Dubbed Club MQ, residents will have exclusive access to, a 25-metre indoor swimming pool, spa, sauna, steam room,&nbsp;yoga room, theatrette, and a library.

[smartcode_project:default project_id=3459 project_image_fid=179455]

Melbourne Quarter will be named Melbourne&#39;s greenest city precinct, with around 50 per cent of the 2.5 hectare precinct dedicated to outdoor open space.

Melbourne Quarter&#39;s prime Flinders&nbsp;Street location puts residents in the heart of the action, and&nbsp;a stones throw from&nbsp;Southern Cross Station, one of the major transport hubs in Melbourne city.

Project name:&nbsp;<a href="https://www.urban.com.au/buildings/voyager-103-south-wharf-drive-docklands">Voyager</a> 
Developer: Mirvac 
Priced from: $475,000 
Stamp duty:&nbsp;Save 50% stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=3494 project_image_fid=184725]

Voyager tower is the eigh​th completed apartment tower in Mirvac&rsquo;s Yarra&rsquo;s Edge masterplan, designed to include a variety of indoor and outdoor spaces.

The $300 million development on the Docklands waterfront rises 130 metres and is home to a sweeping range of facilities.

Designed by Mirvac&rsquo;s in-house design team, its resident-only amenities and contemporary apartments have boosted investor interest in the development, from an art gallery in the lobby to resident skydeck.

[smartcode_project:default project_id=3494 project_image_fid=184722]

The first half of 2021 saw 20 per cent more sales in the recently completed building, compared to the same time last year, with&nbsp;owner-occupiers accounting for 78 percent of purchasers over the period.

Mirvac&nbsp;General Manager for Residential Victoria, Elysa Anderson, said buyers were drawn to the luxury apartments, exceptional amenity and beautiful waterfront living Yarra&rsquo;s Edge has to offer.

<h2><a href="https://www.urban.com.au/new-apartments/southbank-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Southbank</a></h2>

Project name: Melbourne Square 
Developer: OSK Property 
Priced from: $711,400 
Stamp duty: Pay $0 stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=2929 project_image_fid=137896]

Melbourne Square is arguably Melbourne&#39;s most convenient address. The two completed towers, designed by Cox Architecture with interiors by Carr Interior Design, are located in the heart Southbank.

Part of the $2.8&nbsp;billion development by OSK Property&nbsp;is Melbourne&#39;s only&nbsp;double-storey Woolworths supermarket.&nbsp;Located adjacent from Melbourne Square&nbsp;a mix of eateries including&nbsp;Theo&#39;s Fish Bar, Sicilian pizzeria Pizza Pantelleria, specialist roasters and cafe Espresso Bar, Vietnamese restaurant Golden Bunny by Tho Tho, Japanese cuisine experts Waku Waku and a new BWS bottle shop.

One of the most impressive features is the city&#39;s largest resort-style pool, at 50 metres long, which soars 54-levels into the sky. Residents will also have access to private dining facilities, bookable games rooms, a theatre, music room, yoga studio, gym, and even a golf&nbsp;simulator.

Based on the&nbsp;purchase of an $850,000 apartment, buyers can save over $120,000 with the combination of government concessions and&nbsp;a number of developer incentives,&nbsp;including Coco Republic furniture packages and styling consultations, Samsung white goods and a Lovelight blinds package.

Project name: <a href="https://www.urban.com.au/new-apartments/viv%C3%A9re-on-dorcas-10-16-dorcas-street-south-melbourne">Viv&eacute;re on Dorcas</a> 
Developer: BEKL 
Priced from: $490,000 
Stamp duty: Save 50% stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=108979 project_image_fid=181109]

Viv&eacute;re on Dorcas boasts a new collection of 36 upscale residences delivered by BEKL, Amazon Property Group&rsquo;s Australian operation.

The 20-storey project soars above the Voco Hotel and offers one, two and three-bedroom apartments, premium hotel services, and a range of recreational amenities.

These include a gym, bike hire, car share, room service, maid service, restaurant, bar, car charging station, conference rooms, 24/7 concierge services, and 2,293 sqm of coworking space.

Apartment interiors combine artful design with luxury finishes, including oversized floor-to-ceiling windows, V-Zug appliances, statement bathrooms and considered floorplans.

Project name: <a href="https://www.urban.com.au/buildings/australia-108-70-southbank-boulevard-southbank">Australia 108</a> 
Developer: World Class Global 
Priced from: $480,000 
Stamp duty: Pay $0 stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=582 project_image_fid=182857]

Australia 108 is one of the most impressive projects to grace the Melbourne skyline. The tallest residential tower in the southern hemisphere, the completed&nbsp;Australia 108 has some of the highest amenities ever offered to buyers.

The 70th floor Star Club, located in the iconic, protruding gold starburst around 300 metres from the street, is where residents will have access to 2,800 sqm of amenity, including a heated&nbsp;infinity pool, a gym with yoga studio, sauna, spa and steam room, private movie theatre, and an outdoor barbecue entertaining space.&nbsp;

There&#39;s further amenity on level 11, with the Sky Rise Club hosting a second pool, gym, a virtual golf simulator, a private movie theatre, and a private&nbsp;dining room.

[smartcode_project:default project_id=582 project_image_fid=182879]

&ldquo;World Class Global&rsquo;s commitment to beautiful design and glorious amenity will make Australia 108 one of Australia&rsquo;s most envied addresses&rdquo;, World Class Global CEO David Ng said.

Australia 108 has been designed by one of Australia&#39;s most renowned architecture practices, Fender Katsalidis, with interiors by the equally well-known Carr Design.

<h2><a href="https://www.urban.com.au/new-apartments/west-melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">West Melbourne</a></h2>

Project name: <a href="https://www.urban.com.au/new-apartments/parkhill-apartments-408-spencer-street-west-melbourne">Parkhill Apartments</a> 
Developer: Central Equity 
Priced from: $489,000 
Stamp duty: Pay $0 stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=27406 project_image_fid=68150]

The well-connected Parkhill Apartments offers stylish residences on the fringe of the Melbourne CBD, located only metres from the tranquil Flagstaff Gardens and other amenities.

Delivered by Central Equity, the project benefits from bright apartments with up to 2.7-metre-high ceilings, spacious balconies and seven-day concierge service.

One and two-bedroom apartments remain in the tower, which offers residents a rooftop gym, rooftop garden and seven-day concierge.

<h2><a href="https://www.urban.com.au/new-apartments/melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Melbourne</a></h2>

Project name: Queens Place 
Developer: 3L Alliance 
Priced from: $439,600 
Stamp duty: Pay $0 stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=2806 project_image_fid=175417]

The $1 billion twin-tower development, Queens Place, rises 70 stories as one of the Melbourne CBD&#39;s largest residential developments.

Developed by 3L Alliance and designed by Fender Katsalidis and Hecker Guthrie, Queens Place is another Melbourne project focused around putting everything in one place.

The Queen Street development has a five-level podium with a range of offerings&nbsp;such as a medical clinic, childcare facilities and professional suites.

Queens Place goes further than hotel-style amenity. While still offering a swimming pool and spa, the project also gives residents exclusive access to private dining rooms with a caterer&rsquo;s kitchen, a games room, private cinema, library, poker room, karaoke suite, and even a cigar bar.

<h2><a href="https://www.urban.com.au/new-apartments/kensington-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Kensington</a></h2>

Project name: <a href="https://www.urban.com.au/new-apartments/393-macaulay-road-kensington">393 Macaulay Road</a> 
Developer: Assemble 
Priced from: $580,000 
Stamp duty:&nbsp;Save 50% stamp duty on new apartments under $1 million*

[smartcode_project:default project_id=8415 project_image_fid=81542]

The Kensington apartment development 393 Macauley Road, created by the affordability conscious developer Assemble, offers one of the largest one-bedroom square metre sizes on the market.

There are 73 one, two and three-bedroom apartments over eight levels, with the one-bedroom apartments starting from 65 sqm of internal space.

Under their Assemble Futures model, the development bridges the gap between renting and owning your home, allowing residents to lease their apartment while they save to buy.

Designed by Fieldwork, the project will restore and retain the fa&ccedil;ade of the Harry A. Norris designed heritage building, picking up cues from the art deco design in interior communal spaces.

*Conditions apply - for more information <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions">click here</a>.

A 50% concession on stamp duty is available for new properties worth up to $1 million, for contracts entered into before June 30 2022

Joel Robinson

The top eight apartments in the City of Melbourne offering full or 50% stamp duty savings

It&rsquo;s been nearly two years of rolling lockdowns, but Melbourne is officially open for business. Not just to residing Melburnians, but to interstate travellers, office workers, and the rest of the world, all factors which contribute to experts&rsquo; belief that inner-city apartment prices are ripe for growth.

Buyers wanting to secure an apartment in the City of Melbourne LGA, which includes the CBD as well as popular surrounding areas of Southbank, Dockl​ands, Carlton and North Melbourne, <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions">can save 50% in stamp duty</a> on new&nbsp;apartments&nbsp;worth up to $1 million.&nbsp;If the property has been on the market for more than 12 months, then stamp duty is waived completely.

But the expectation is prices will have jumped significantly by then. Despite the pitfalls of 2021, from lockdowns, lack of interstate and international travel, and the exodus of office workers from the CBD for the best part of nine months, the median apartment value in the City of Melbourne LGA is still up 7.5 per cent year to date, research from property data firm CoreLogic shows.

Scott Jessop, the sales and marketing director at OSK Property who is currently developing the $2.8 billion mixed-use precinct <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> in <a href="https://www.urban.com.au/new-apartments/southbank-vic">Southbank</a>, said there&rsquo;s been a major uptick in enquiry volumes since Melbourne&rsquo;s lockdown was lifted.

[smartcode_project:default project_id=2929 project_image_fid=139891]

&ldquo;Since mid-October we&rsquo;re trending up week on week,&rdquo; Jessop says, adding that there&rsquo;s been activity from across the board, from buyers walking in to display suites to those making appointments.

Jessop says he just dealt with a foreign purchaser who is buying for his daughter who is studying in Melbourne. &ldquo;I haven&rsquo;t seen one of those transactions in over 18 months&rdquo;, Jessop says, expecting that he will be seeing more as international students return.

&ldquo;The combination of the generous stamp duty concessions, the continued affordability gap between house prices and apartments, and the reactivation of the CBD, will no doubt see growth ahead.

&ldquo;A perfect storm is coming for the Melbourne apartments, it&rsquo;s just a matter of when.&rdquo;

[smartcode_project:default project_id=2929 project_image_fid=137896]

Jessop says as demand grows, developers are likely to reduce the incentives that they are currently offering buyers. Buyers of apartments at <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> can save up to $120,000 on an apartment with an average sale price of $850,000. The savings include the government stimulus and a range of free incentives such as furniture packages and design stylist consultations.

Dennis Wilson, the managing director of <a href="https://www.urban.com.au/developers/central-equity">Central Equity</a> who is currently selling <a href="https://www.urban.com.au/new-apartments/focus-melbourne-75-city-road-southbank">Focus</a>, the soon to be complete 600-apartment Southbank apartment tower, and the completed <a href="https://www.urban.com.au/buildings/melbourne-grand-560-lonsdale-street-melbourne">Melbourne Grand</a>, Lonsdale Street apartments, expects the City of Melbourne to bounce back strongly in 2022.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=62353]

&ldquo;The federal and state governments are working to open borders and increase business migrant intakes, stimulate the tourism industry, re-invigorate major events and welcome back international students. The City of Melbourne should be a beneficiary of this,&rdquo; Wilson says.

The general consensus is that buyers are coming back from the surrounding suburbs, having spent the last few years outside of the city.

&ldquo;As well as seeing buyers already living in the inner-city, we are seeing interest from people who are looking to move from the suburbs, wanting to be closer to their workplace as offices reopen, shops and all the conveniences that come with inner city living,&rdquo; Wilson added.

&ldquo;For many the inner city is a more affordable option than living in their existing suburbs.&rdquo;

[smartcode_project:default project_id=3260 project_image_fid=62320]

Elysa Anderson, General Manager of Residential Victoria at <a href="https://www.urban.com.au/developers/mirvac">Mirvac</a>, said the Mirvac team is focused on accelerating their supply of high-quality apartments in Melbourne, as they anticipate a shortage of owner-occupier residences in premium locations in the future.

&ldquo;We anticipate Victoria&rsquo;s population growth and demand for apartments to continue to strengthen in line with the Victorian Government&rsquo;s Roadmap to Recovery and various state budget stimulus packages,&rdquo; Anderson said.

&ldquo;The strength of the established housing market and the opening up of international borders will continue to drive very strong demand for well-designed and quality constructed apartments,&rdquo; Anderson added.

[smartcode_project:default project_id=3494 project_image_fid=180326]

Mirvac has tweaked the design of Tower 9, in their master-planned Yarra&rsquo;s Edge precinct in the burgeoning Docklands&nbsp;area.

The ASX-listed developer saw a considerably stronger market for their projects in 2021 than in 2020, with <a href="https://www.urban.com.au/buildings/voyager-103-south-wharf-drive-docklands">Voyager</a>, the recently completed eighth tower in Yarra&rsquo;s Edge, seeing a 20 per cent increase in the first half of 2021 compared to the same period the year before.

[smartcode_project:default project_id=3494 project_image_fid=167751]

Around 80 per cent of the buyers were owner-occupiers, but Anderson says they are seeing investors slowly creep back in.

&ldquo;Investors have begun to return to the market, primarily focused on master planned communities but demand is also gathering pace in the apartment markets.&quot;

For more information on stamp duty savings in the City of Melbourne,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions&amp;source=gmail&amp;ust=1637718410495000&amp;usg=AOvVaw3WoR6xmIwVttUthAfW2SKq" href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions" target="_blank">read more here</a>.

The suburbs that can save on stamp duty:

<a href="https://www.urban.com.au/new-apartments/kensington-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Kensington</a>,&nbsp;<a href="https://www.urban.com.au/developments/north-melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">North</a><a href="https://www.urban.com.au/developments/north-melbourne-vic"> Melbourne</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/parkville-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Parkville</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/carlton-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Carlton</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/east-melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">East Melbourne</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/south-wharf-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">South Wharf</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/southbank-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Southbank</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/docklands-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Docklands</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Melbourne</a>,&nbsp;<a href="https://www.urban.com.au/new-apartments/west-melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">West Melbourne</a>.

Parts of <a href="https://www.urban.com.au/developments/flemington-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Flemington</a>, <a href="https://www.urban.com.au/developments/carlton-north-vic">Carlton North</a>, <a href="https://www.urban.com.au/developments/port-melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Port Melbourne</a>, and <a href="https://www.urban.com.au/new-apartments/south-yarra-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">South Yarra</a> are also eligible&nbsp;for stamp duty concessions.

Buyers wanting to secure a new apartment in the City of Melbourne can save 50% in stamp duty on properties under $1 million.


Why now is the right time to buy a Melbourne inner-city apartment: What the experts say

Melbourne&rsquo;s CBD is full of inspiring architecture, acclaimed botanic gardens, historic sites, and the iconic Yarra River, as well as offering its&nbsp;residents the very best in live music, sporting events, theatre and visual art.

The city features the iconic Melbourne laneways, world-famous shopping spaces and also boasts an amazing nightlife experience with very unique bars and restaurants to enjoy.

Those interested in furthering their education will also be pleased to know that the five star RMIT campus is found within Melbourne&rsquo;s city centre.

[smartcode_project:default project_id=5234 project_image_fid=167354]

<h2>How do I&nbsp;get around Melbourne?&nbsp;</h2>

The best way to get around Melbourne&rsquo;s CBD is the City Circle Tram. It is a free and convenient way to travel around central Melbourne whilst experiencing a ride on a beloved heritage tram with an audio commentary of city landmarks and attractions.

The City Circle Tram also links up with other trams, trains and bus routes around the Melbourne area. The City is also extremely walkable, ranking 4th out of 307 suburbs in the Greater Melbourne region. Another quick and easy option is ride-sharing services i.e. Uber.

<h2>[smartcode_project:default project_id=2905 project_image_fid=162743]</h2>

<h2>What can I&nbsp;do in Melbourne&#39;s CBD?</h2>

There is something for everyone to do and see in Melbourne&rsquo;s CBD. Art lovers can enjoy the world-famous street art on display in Hosier and ACDC lane, as well as multiple other art galleries including the Ian Potter Centre which features contemporary, historic and indigenous art pieces.

For the performance art lovers, there is a collective of world-renowned theatres within the CBD including the Forum which is Australia&rsquo;s and the Regent Theatre which hosts famous theatre productions including Disney&rsquo;s The Lion King and Wicked.&nbsp;

For sports fans, they can watch different sporting events including the Australian Open at the Rod Laver Arena and AFL at the MCG. Also, the award-winning Australian Sports Museum is found underneath the MCG stadium and both venues host major international music artists, some of the notable artists this year include Guns n Roses and Kiss.&nbsp;

Melbourne&rsquo;s CBD boasts some of the city&rsquo;s trendiest bars with secret entrances, themed-private rooms, specialty menus with creative food and drink options, breathtaking views of the city and world-class DJs and musicians.&nbsp;

[smartcode_project:default project_id=3459 project_image_fid=147569]

For shopaholics, a visit to the world-famous Queen Victoria Market is a must, with a vibrant and multicultural atmosphere and over 600 unique stalls offering fresh produce, hand-made products, great coffee and food, and live music and entertainment on Wednesday nights.&nbsp;

Other notable shopping spaces within Melbourne&rsquo;s CBD include the historic Block Arcade which was built in 1892 and is home to the largest mosaic floor in the southern hemisphere and iconic Hopetoun Tearooms. Hardware Lane and Degraves St offer great food, drinks and street art.

Melbourne Central has&nbsp;more than 300 stores over five levels with unique architectural features including a giant Marionette Watch that plays a rendition of the Australian National Anthem every hour and Shot Tower an old bullet-making facility built in 1989 which is protected by a magnificent Glass Cone which is one of Melbourne&rsquo;s most recognisable landmarks. &nbsp;&nbsp;

Melbourne&rsquo;s CBD is full of historic sites including the Old Melbourne Gaol, the Shrine of Remembrance which honours the service and sacrifice of Australians in war and peacekeeping, the State Library of Victoria which is the fourth most popular library in the world, the Immigration Museum which showcases Australia&rsquo;s history and culture and the beautiful St Paul&rsquo;s Cathedral.

For nature lovers and outdoor enthusiasts, the Melbourne CBD features a collection of acclaimed gardens including the Royal Botanic Gardens which includes over 8,500 different species of plants from all over the world and the Flagstaff Gardens which is the oldest park in Melbourne. Also on the south side of Melbourne&rsquo;s CBD is the beautiful Yarra River with walkways and cycleways alongside it.&nbsp;

<h2>What are Melbourne&#39;s main city&nbsp;institutions?</h2>

The Royal Melbourne Institute of Technology (RMIT) is a five-star university based in Melbourne&rsquo;s CBD. RMIT was ranked 15th in the world for its art and design subjects and is the top art and design school in Australia and Oceania.

RMIT incorporates four academic colleges including the College of Business and Law, the College of Design and Social Context, the College of Vocational Education and the STEM College (i.e. sciences, engineering, computer tech and health and medical sciences).&nbsp;

<h2>What new Melbourne CBD property developments are currently available or in the pipeline?</h2>

Uno Melbourne&nbsp;

[smartcode_project:default project_id=3281 project_image_fid=46048]

A new development currently under construction in Melbourne&rsquo;s CBD is the UNO apartment tower which is due to be completed in 2022. UNO&rsquo;s floor-to-ceiling shimmering golden glass facade will have 65 levels and house 632 apartments guaranteeing maximum views of the Melbourne skyline.

Uno will consist of one, two and three-bedroom apartment configurations, each evoking feelings of comfortability and space. At a height of 212 metres, the tower features sky high amenities for all residents to enjoy, including a cinema, a gym, hydrotherapy spas, an indoor heated pool, a sky lounge and many more facilities. Parents will&nbsp;also be able to utilise the on-site childcare centre. UNO is well located near the Flagstaff Gardens, Melbourne Central and Queen Victoria Market.&nbsp;

Address: 111 A&#39;Beckett St

Developer:&nbsp;S P Setia

<h2>Melbourne Grand</h2>

[smartcode_project:default project_id=3490 project_image_fid=92412]

The newly completed Melbourne Grand which took home last year&#39;s HIA award for the Victorian apartment complex of the year arises 58 stories above the Melbourne CBD.

The apartment tower incorporates 652 residences and is perfectly situated near the Flagstaff Gardens, the free tram zone and Queen Victoria Market.

All apartments offer sensational views of the city, from the private balconies to the floor-to-ceiling windows, which also allows for natural light to flow through.

Melbourne Grand provides residents with luxurious resort-style facilities including a banquet room, a boutique cinema, a coffee bar, a state-of-the-art gym, a swimming pool, a yoga studio and many more amenities for residents to discover. There are one-bedroom and two-bedroom apartment configurations to choose from.&nbsp;

One bedroom configurations are starting from as low as $489,000. &nbsp; &nbsp;

Address: 560 Lonsdale St

Developer: Central Equity

<h2>Collins House&nbsp;</h2>

[smartcode_project:default project_id=755 project_image_fid=95065]

Standing at a height of 195 metres with an elegant design, Collins House is currently Australia&rsquo;s skinniest skyscraper measuring 11.8m wide comprising 267 spacious apartments across 60 floors.&nbsp;

The slender tower floats atop the historic Makers Mark building that was built in 1908 which incorporated Art Nouveau styled architecture on the fa&ccedil;ade and throughout the grand entrance hall. The Collins House skyscraper was completed in 2019 and was developed by the Deague Group and the Golden Age Group.&nbsp;

Every apartment enjoys panoramic city views and double-glazed floor to ceiling windows which fill residences with natural light.

Collins House has two levels of amenity for its residents to enjoy with a gourmet chef&rsquo;s kitchen, indoor and outdoor dining and lounge spaces, an open terrace surrounded by lush greenery, an outdoor deck, a private bar, and a state of the art gym. Collins House residents will be well connected to the inner city and surroundings with major train stations and tram systems within walking distance.

Collins House is also nearby fine dining, parklands, retail precincts and riverside bars and restaurants. Every penthouse within the tower has a marble furnished kitchen integrated with Miele appliances, a powder room, a study and three spacious bedrooms and bathrooms.&nbsp;

Penthouse prices are starting from $3,250,000.

Address: 460-466 Collins St

Developer:&nbsp;Deague Group &amp; Golden Age Group

Davis Gale

Buying off-the-plan: The ultimate Melbourne city guide for home buyers

The Tigers were outplayed by an inform Melbourne Demons under the lights&nbsp;at the MCG on Saturday night.

At Urban we thought we&#39;d take a look at the property stakes between the two suburbs.

The MCG conveniently sits between the two, with Richmond coming from the east and residents in the Melbourne CBD heading west, both less than four kilometres from the iconic venue.

Richmond&rsquo;s apartment price has jumped nearly two per cent, in Q1 2021, according to Jellis Craig. The median unit price now stands at $610,000.

As many markets, Melbourne CBD has seen lower volumes of interest from investor in 2021 than past years given the closed borders, now focusing offers and incentives on owner occupiers.

Still, apartments there are down around 1.4 per cent over the same period.

We&#39;ve rounded up the best apartments for sale in Richmond and Melbourne.

<h2>Richmond</h2>

One of Richmond&#39;s most sought-after developments&nbsp;is Two51 Swan, set on Richmond&#39;s prized Swan Street.

Delivered by&nbsp;Blueprint Projects, TWO51 features a collection of 25 apartments over seven levels, including 18 serviced apartments and a top-floor penthouse.

[smartcode_project:default project_id=3298 project_image_fid=30548]

Pitched at&nbsp;second-home buyers and downsizers, the residences are likely to house high net worth individuals seeking modern living amongst Richmond&rsquo;s rich heritage.

Designed by&nbsp;Watson Young&nbsp;Architects, the project includes ground floor retail space and a grand lobby, rich with gold detailing and art deco opulence.

Prices at Two51 Swan start from $1.03 million.

Appealing more to the first home buyer is&nbsp;Light Edge, the BPM developed block of 31 apartments designed&nbsp;by DKO.

One bedroom apartments in the six level complex start from $400,000, which includes a parking space, and sit just over one kilometre from The G.

[smartcode_project:default project_id=2439 project_image_fid=95045]

<h2>Melbourne</h2>

One of Melbourne&#39;s most recently completed towers is the $470 million Melbourne Grand, developed by Central Equity.

[smartcode_project:default project_id=3490 project_image_fid=92417]

They had Multiplex deliver the 58 level high-rise apartment building which won the 2020 HIA Victorian Apartment Complex of the Year award.

High-profile architects Guilford Bell + Graham Fisher designed the 646 apartment block at 560 Lonsdale Street, standing some 200 metres above street level.

Apartments are still available in the completed building. One bedroom apartments are priced from $489,000, two beds from $569,000 and three bedroom apartments from $869,000.

Around 800 metres away on Collins Street is Collins House, the Bates Smart-designed tower.

[smartcode_project:default project_id=755 project_image_fid=95068]

One of Melbourne&#39;s&nbsp;thinnest skyscrapers, the Deague Group&#39;s slender tower floats atop the grand heritage facade of the Maker&rsquo;s Mark building.

It homes&nbsp;259 spacious apartments across 60 floors with panoramic city views and floor to ceiling double glazed windows.

There are two levels of amenity with the level three&nbsp;Collins Terrace featuring indoor and outdoor dining and lounge spaces, a gourmet chef&rsquo;s kitchen for resident&rsquo;s use and an open terrace surrounded by lush greenery atop the heritage facade.

The level 27 St James Club has a state of the art gym, an outdoor deck and private bar and lounge areas.

The Tigers were dealt a blow by Melbourne Demons under the lights at the MCG on Saturday night.

Melbourne Demons v Richmond Tigers: How the two suburbs stack up in the property stakes

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The boutique collection of luxury apartments towards the top end of ICD Property’s Aspire Melbourne in the CBD, have been listed for sale.

Dubbed Aspire Residences, the collection of quarter floor, half floor, full floor, sub-penthouse and penthouse residences crown the 65 level tower to be built at 229 King Street.

Elenberg Fraser have designed the tower.

[smartcode_project:default project_id=2575]

Prices start from $2.15 million for the smaller apartments to $12.8 million for the penthouse.

Complete with interiors by interior designer David Hicks, the apartments will feature Gaggenau, Miele and Sub-Zero appliances in the kitchens and the best views the tower on the foot of Flagstaff Gardens has to offer.

<img alt="" height="764" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aspire_ensuite_0.jpg" width="1200">

There will be an indoor swimming pool for residents, a private outdoor day spa, a gym, whiskey parlour, games room, champagne conservatory and  a ball room.

ICD Property are developing the 211 metre tower in a joint venture with one of its financier’s MaxCap. It will home a total of 565 apartments

The local builder Hickory are constructing the tower which is expected to be completed in January 2023.

 
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Dubbed Aspire Residences, the collection of quarter floor, half floor, full floor, sub-penthouse and penthouse residences crown the 65 level tower to be built at 229 King Street.

ICD Property launch Aspire Residences atop Melbourne apartment tower

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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="https://www.urban.com.au/new-apartments/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="https://www.urban.com.au/new-apartments/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.

[smartcode_project:default project_id=92806]

“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.



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

The first two towers in Melbourne Square, Melbourne&rsquo;s largest city precinct project, have topped out. Developed by OSK Property, <a href="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank">the $2.8 billion Southbank project on Kavanagh Street</a> will comprise commercial, hotel and residential towers when its five stages are completed in 2027. The topping out of the COX Architecture-designed towers, which stand at 236.7 metres and 184.3 metres respectively, comes three years after Multiplex began construction on the towers.

The topping out comes as the finishing touches are being placed on the precinct&rsquo;s latest completed apartments, with interiors by Carr Design.

[smartcode_project:default project_id=2929]

OSK Property have also unveiled the city&rsquo;s first wellness-enabled lifestyle apartments, with technology to make indoor environments healthier. The technology, which will come as standard for the new apartments, will be offered to those apartments which were completed before the technology became available

The Delos integrated wellness ecosystem controls the quality of air, water and light in apartments to improve the health of the resident. The air quality&nbsp;sensors and high end HEPA air filtration systems detect and remove impurities like pollen, dust and smoke, water purifiers that reduce levels of chlorine, heavy metals and particulates, and smart lighting that mimics daylight patterns in order improve daytime performance and sleep cycles. The wellness technology will benefit allergy sufferers and asthmatics in particular and is part of an intention to deliver a precinct that responds to people&rsquo;s needs.

<a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourne_towers_tech.jpg?itok=9TiPGb-9" width="580" /></a>

Melbourne Square Sales and Marketing Director Scott Jessop said the apartments would be the first in Victoria to incorporate the world-first wellness technology.

&ldquo;Since the launch in 2017, it is incredibly satisfying to see Melbourne Square occupy its place on the Melbourne skyline,&rdquo; said Mr Jessop.&nbsp;

&ldquo;Precincts like Melbourne Square can play a role in the health of our communities, providing connection opportunities and important amenity. Buildings are also a critical tool in health and wellbeing, as Delos&rsquo; 10 years of scientific research has found.

&ldquo;To be able to offer apartments fitted with science-backed technology that improves the internal environment is a game-changer that fits with our vision to create an integrated wellness precinct here.&rdquo;&nbsp;

Melbourne Square will also offer its residents a number of swimming pools, gym, golf simulator and yoga space, as well as social connections through the precinct&#39;s large public park, dining rooms and resident lounges.

There will be commercial and retail outlets as part of the development, including Victoria&#39;s first ever double-storey Woolworths.

CBRE Residential Director Andrew Leoncelli said COVID-19 had many people rethinking their living arrangements, which boded well for Melbourne Square as it unveiled its last remaining apartments ready to move into.

He said after spending so much time at home, buyers were seeking spaces that reflected their own individuality so a new partnership between MSQ and Coco Republic to offer tailored interior styling along with wellness-boosting biophilia by The Plant Society would appeal.&nbsp;

<a href="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_lounge.jpg" width="2000" /></a>

&ldquo;There are still buyers out there and lockdown has created pent up demand as people look to take advantage of the market conditions and low interest rates to move,&rdquo; Mr Leoncelli said.&nbsp;

&ldquo;Never has there been a better time to buy in Melbourne and we are finding people are doing exactly that, particularly since the government opened up inspections again. Many people are putting larger homes on the market and looking at apartments.&rdquo;

Melbourne Square has topped out its first two towers as they release the ground-breaking wellness technology that will feature in the apartments

Melbourne Square tops out first two towers, release wellness-enabled apartments

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After the course of a competitive tender, the City of Melbourne has recently accepted PDG Corporation’s offer for the land sale and redevelopment of a prominent Southbank site. PDG Corporation’s proposal aims to deliver a vibrant new community village, transforming 132 Kavanagh Street into a 110-metre mixed-use precinct.

<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/screen_shot_2019-07-05_at_4.56.02_pm.png" rel="gallery-all" title="Total Boyd site concept plan"><img alt="" class="image-article-full-width-580px" height="664" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-07-05_at_4.56.02_pm.png?itok=gwlQ4bzr" title="Total Boyd site concept plan" width="580"></a>

<figcaption>Total Boyd site concept plan</figcaption></figure>City of Melbourne Lord Mayor Sally Capp said the agreement was a great win for the community and will be the final stage in the redesign of the J H Boyd Girl’s School site.

<blockquote>
“We’ve negotiated a fantastic outcome to deliver community facilities and affordable housing at the Boyd site, putting the needs of a growing Southbank community at its heart… Offering more affordable housing is one of the most important priorities for our city. This development will include 40 affordable housing units and will achieve a 6-star Green Star certification.”
</blockquote>

City of Melbourne Lord Mayor Sally Capp

The revitalised precinct will include 40 affordable housing units, retail and community facilities, a boutique hotel as well as 1,000 square metres of public space across two levels which will be owned and operated by the City of Melbourne.

<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/_boyd_development_132_kavanagh_st_southbank_-_artist_impression_2_-_july_2019.jpg" rel="gallery-all" title="Boyd development 132 Kavanagh Street Southbank, Artist Impression"><img alt="" class="image-article-full-width-580px" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_boyd_development_132_kavanagh_st_southbank_-_artist_impression_2_-_july_2019.jpg?itok=5vFKswWS" title="Boyd development 132 Kavanagh Street Southbank, Artist Impression" width="580"></a>

<figcaption>Boyd development 132 Kavanagh Street Southbank, Artist Impression</figcaption></figure><blockquote>
“The development will feature a vibrant streetscape that links together key public spaces, including the new Boyd neighbourhood park. The park will be completed in the coming months and will create a new backyard for the thousands of residents living in apartments in Southbank.”
</blockquote>

The City of Melbourne recently partnered with PDG Corporation to embark on Munro – a $450 million mixed-use development opposite Queen Victoria Market.

PDG Corporation Managing Director Vince Giuliano said the company’s latest project was similar to the Munro development in the sense that it reflects local character and will bring together “various community spheres in one location”.

<blockquote>
“Our vision is a true vertical village on the park – high-quality residences, affordable housing, fine-grain retail and community facilities… It’s not often you get an opportunity to develop in a location like this. There are no adjoining high-rise buildings and an abundance of green open space, making it prime for a community atmosphere of residential and commercial spaces.”
</blockquote>

Vince Giuliano, PDG Corporation Managing Director

The new development is currently subject to planning approval but is expected to begin construction late next year with a goal to be completed by late 2022.
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