Melbourne Residences

Port Lane, the Port Melbourne townhouse development by ID_Land, has completely sold out&nbsp;in only six months,&nbsp;generating&nbsp;$150 million&nbsp;in sales since its February 2021 launch.

The 122 townhouses managed to sell out despite rolling lockdowns across Melbourne, reflective of the confidence ID_Land continues to have in medium-density, following the previous success of its now sold-out Yarraville Place.

Delivered in collaboration between ID_Land, Rothelowman and Hecker Guthrie, each residence celebrated&nbsp;light, softness and subtlety with a refreshing design.

[smartcode_project:default project_id=89720 project_image_fid=147514]

Buyers have been motivated by the opportunity to be closer to the inner city, with the proximity to amenities, and competitive pricing compared to established housing, further driving a surge in interest.

Medium-density now comprises 30 per cent&nbsp;of ID_Land’s $3 billion portfolio, with the developer continuing to seek acquisitions to further grow this part of its business.

To be built by Shape Homes, the homebuilding arm of ID_Corp, the construction of the townhomes at Port Lane is set to commence in 2022.&nbsp;

[smartcode_project:default project_id=89720 project_image_fid=147506]

"We are proud to be working with some of our most-trusted collaborators – Rothelowman, Hecker Guthrie and Tract – on Port Lane, they all bring strong reputations and decades of experience, which drove confidence in the final product",&nbsp;ID_Land’s joint managing director Matthew Belford said.&nbsp;

"We see medium-density projects complementing our growing greenfield pipeline, as the market continues to respond to these inner-city precincts in sought-after locations – this also gives us the confidence to continue acquiring such sites,” he said.

Located just a five-minute walk to Port Melbourne Beach and a 20-minute tram into the Melbourne CBD, Port Lane was designed to deliver great connectivity, with manicured pocket parks, barbecue areas, and gardens all located right on its&nbsp;doorstep.

[smartcode_project:default project_id=89720 project_image_fid=147505]

“Port Lane presents a rich opportunity to deliver a strong lifestyle experience, linking quality interior living spaces to generous outdoor experiences”, Rothelowman principal, Stuart Marsland said.

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“The architectural response is delivered through a palette of materials embracing the bayside context, with a nod to Port Lane’s site heritage.”
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Coming home to Port Lane feels like returning to a sanctuary, with a verdant entrance pergola and&nbsp;a material palette of slate, cool grey and crisp white.&nbsp;

Belford believes the medium-density market will continue to soar, as buyers continue to resonate with the lifestyle benefits of living closer to the city’s inner and middle-ring suburbs; accessibility to amenities, proximity to essential services, education, public transport, and employment opportunities.

[smartcode_project_cta: project_id=89720]

The 122 townhouses were only launched in February, and managed to sell out despite rolling lockdowns across Melbourne

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ID_Land’s Port Lane sells out, generates $150M in six months

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Brand-new luxury apartments in Victoria don't have to break the bank with many residences suitable for first home buyers, investors or downsizers offered at an affordable price point. 

Urban takes a look at five new developments on the market under $400,000. 
 

1. Melbourne Quarter, Docklands 
Address: 628 Flinders Street, Docklands VIC 3008 
One-bedroom apartment from $458,000

[smartcode_project:default project_id=3459]

Lendlease’s Melbourne Quarter offers a collection of 719 one and two-bedroom apartments with an entry price of $458,000.

Designed by Fender Katsalidis, the project boasts a luxe lobby, concierge and exclusive access to three whole floors of resort-style amenities at Club MQ, such as a multi-use space, pool, theatrette and library.

For those who buy now, you can save thousands on stamp duty savings plus a blinds package, subject to eligibility criteria. 
 

2. Live City, Footscray 
Address: 124-188 Ballarat Road, Footscray VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565]

The new masterplanned community, Live City, comprises 208 residences spread across 14 floors, backed by developer R&amp;F Property Australia.

Set to deliver over 1,400 apartments across eight buildings, the project brings together a fully-integrated, mixed-use community that’s thriving with character and history.

Designed by Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light. 
 

3. Omnia, Moorabbin 
Address: 4-6 Horscroft Place, Moorabbin VIC 3189 
One-bedroom apartments from $465,000

[smartcode_project:default project_id=29048]

Located in close proximity to Moorabbin train station and wonderful local community facilities, Omnia is the latest development by Shenfield Property.

Offers an exceptional selection of 40 residences in one, two and three-bedroom configurations, the development features park frontage, energy-efficient design and north-facing aspects.

Designed by Roger Brayshaw Architects and Aldona Padjak, the homes feature timeless sophistication, open-plan living and modern style. 
 

4. Melbourne Grand, Melbourne 
Address: 556-558 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $489,000

[smartcode_project:default project_id=3490]

Winner of the HIA Victorian apartment complex of the year for 2020, the Melbourne Grand has its one-bedroom apartments starting from $489,000.

The 652-unit project, developed by Central Equity, offers generous living areas, ample storage and an entire floor dedicated to resort-style facilities.

Among its amenities include a fully-equipped boutique cinema, state-of-the-art gymnasium and swimming pool. 
 

5. Sky Garden, Glen Waverley 
Address: 227 Springvale Road, Glen Waverley VIC 3150 
One-bedroom apartments from $498,000

[smartcode_project:default project_id=2881]

Developed by Golden Age, Sky Garden is the latest mixed-use development in Melbourne’s Glen Waverley.

Featuring over 4,000 sqm of internal and external facilities, the development boasts incredible value at an entry price of just $498,000.

Its features include a sky garden, private cinema, gym, heated lap pool and private library.

Click here to view <a href="https://www.urban.com.au/news/vic/february-2021-5-luxury-apartments-on-the-market-in-melbourne-under-400000" target="_blank">five luxury apartments on the market in Melbourne for under $400,000</a>.
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Many residences in Victoria, suitable for first home buyers, investors or downsizers, can be secured at an affordable price

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