Melbourne Townhouses

The City of Melbourne is one of the top five most affordable local government areas to buy property in with significant investment upside.

That's the view of researcher and commentator Terry Ryder, founder of Hotspotting.com.au, a company which helps identify emerging property markets.

He listed the City of Melbourne in his top five 'City Cheapies with Prospects' alongside the City of Salisbury in Adelaide, the City of Armadale and the City of Canning&nbsp;in Perth,&nbsp;Southern Moreton Bay Islands in South East Queensland.

He says the five regions are likely to offer the best strategic property buying and investing potential over the next six months. Melbourne's population boom, overtaking Sydney as Australia's largest city for the first time in more than a century after borders were redrawn, was a major factor in Ryder's view.

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says.

“However, the rising interest rates and shifting lifestyle demands have caused investors and homeowners to look at options such as units and townhouses instead of standalone houses.”

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The City of Melbourne, with its high-density dwellings making up 86 per cent of homes, has become an attractive destination for both living and working, he said.

“Its strong economy, with major businesses, universities, hospitals, and government services, has been further bolstered by ongoing infrastructure projects such as the North East Rail Link and the proposed Suburban Rail Loop,” Ryder said.

“These developments are expected to bring in significant investments and create thousands of jobs, ensuring continued growth and stability in Melbourne's property market.”

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Melbourne saw the fastest growth in dwelling values of all Australian capital cities at the start of the pandemic, but then saw the steepest decline when repeated lock downs curtailed market activity in 2020- 21.

Since 2021 however, Melbourne has been one of the more resilient of the capital cities nationally, and has performed relatively steadily against a backdrop of rising interest rates and reduced consumer confidence.

According to the latest Home Value Index from CoreLogic, released in August 2023, median dwelling values in Melbourne behaved relatively moderately compared to other Australian capital cities such as Sydney and Brisbane. Dwelling prices rose less rapidly in Melbourne between the onset of Covid to the cyclical price peak. However the subsequent decline in dwelling values in 2022-2023 was also much more moderate.

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Ryder says there is an emerging trend of more buyers opting to buy units and townhouses, for affordability and lifestyle reasons, including young buyers and downsizers.

"It’s creating rising demand in inner-city locations in the biggest cities.

"The City of Melbourne is benefiting from this trend, with only 1.8% of the LGA’s population living in detached housing, according to the last census. 12.2% live in medium density and 85.3% living in high density accommodation."

Hotspotting's&nbsp;Spring 2023 edition of The Price Predictor Index stated the City of Melbourne is the strongest market in the Greater Melbourne area.

"Of the 10 City of Melbourne suburbs in the analysis, seven are rising markets, one is a recovering market and one is a consistency market (and one is a plateau market)," the report noted.

According to Hotspotting’s Top 10 Apartment Markets report, published in August 2023, apartments were outperforming standalone houses in a number of ways – including faster growth in rents, superior price growth rates for much of the past 12 months and a growing share of new dwelling approvals.

In the latest State of the States report, from July 2023, Victoria leads the country for construction work done. According to the data, in Victoria, construction work done is 19.3 per cent above its decade average.

<h2>City of Melbourne, Metro Melbourne, Highlights</h2>

 
• Strong population growth 
• Good rental yields 
• Designated Metropolitan Activity Centres 
• Important national cluster of universities and hospitals 
• $35 billion suburban rail loop 
• $16 billion North East Link 
• $14 billion biomedical precinct 
• $6.7 billion Docklands development 
• $2.8 billion Melbourne Square project 
• $1.7 billion Southbank Arts precinct

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says

Joel Robinson

Why Metro Melbourne presents as a "Cheapie With Prospects": Hotspotting's Terry Ryder

Regarded boutique Melbourne residential developer Gestalt is producing one of the most visually striking projects in Kew East.

Gestalt Director Kyle Reeve called on MA Architects to put together the plans for Clyde Street, a mix of high-end townhouses and apartments, having worked with MAA on previous projects.

MAA Principal Karen Alcock and associate Rachel McNally led the design direction of Clyde Street.

"We decided to work with MAA on this project because we've worked with Karen and Rachel before, and the results we've achieved have been outstanding," Reeve said.

"They really understand spaces. They understand great design. They understand beautiful, enduring materials."

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Reeve said from the outset the team set out to create townhouses with house-like proportions, a commitment to spaciousness that sets Clyde St apart.

"When we first discussed the site with MAA, part of the brief was to design townhouses that were house-like proportions," Reeve said.

"We wanted to have two separate living areas, at least three bedrooms, two bathrooms, a separate laundry, and enough private open space via a courtyard or a balcony."

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MAA crafted each townhouse to harmonise with the tree-lined streetscape, ensuring they seamlessly blend into their surroundings. Their designs boast individual entrances, brickwork facades, sturdy materials, and abundant landscaping. It's a testament to their unwavering dedication to creating living spaces that truly feel like home.

Jellis Craig Projects Director Stephen Bowtell says the architecture has really grabbed the market.

"MAA have been clever in creating a striking brick facade which pays respect to the beautiful heritage homes in Kew East, while adding a contemporary touch" Bowtell says.

"Clyde Street sits in a suburb where there's brick homes which have stood for 100 years, and Clyde Street will do the same. It will age in place."

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Bowtell says the townhomes offer everything a buyer could want, with a really flexible floor plan for both families and downsizers to use as they wish.

"It ticks all the boxes. The convenience of dual living, a study, multiple living areas. Clyde Street offers it all."

The project will likely attract the family buyer, given Kew is home to some of the country's best schools.

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"The architecture has grabbed the market": How MA Architects designed Kew's Clyde Street development

Not many Melburnians will have heard of&nbsp;<a href="/developments/wantirna-vic-3152">Wantirna</a>, the small suburb around 25 kilometres east of the city.

But the small suburb near <a href="/developments/ringwood-vic-3134">Ringwood</a>, <a href="/developments/glen-waverley-vic-3150">Glen Waverley</a> and Ferntree Gulley is attracting the young family buyer due to a combination of affordability, good schools, and it's connectivity to the <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne CBD</a>.

Seldom is there an opportunity to buy brand new in the area, given the suburb is dominated by established houses. But Harmony Gardens, the new development by Platinum Developers, is giving prospective purchasers an opportunity to buy a brand new townhome for around 50 per cent the price of the neighbouring suburbs.

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There's a range of two-bedroom townhouses which start from $670,000. They have around 140 sqm of living space, two bathrooms, and a car space.

Harmony Gardens is in close proximity to Regency Park Primary School, The Knox School, and Wantirna and Heathmont Colleges.

Shopping outlets are even closer, with&nbsp;Wantirna Mall located adjacent to Harmony Gardens, providing residents with access to daily shopping needs.&nbsp;For a more extensive retail experience, the large Knox City Westfield Shopping Centre is just a few kilometres away, providing residents with a wide variety of shops, dining options, and a cinema.

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Connectivity has been a key driver in sales at Harmony Gardens, for those who still need to commute to the city. The development enjoys easy access to major roads such as Eastern Link and Burwood Highway, connecting <a href="/developments/wantirna-vic-3152">Wantirna</a> to nearby areas like <a href="/developments/box-hill-vic-3128">Box Hill</a>, <a href="/developments/ringwood-vic-3134">Ringwood</a>, and <a href="/developments/glen-waverley-vic-3150">Glen Waverley</a>, as well as the <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne CBD</a>.

Bayswater and Heathmont Train Stations are also just a short drive away, providing convenient access to public transportation for those who prefer to commute by train.

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Not many Melburnians will have heard of Wantirna, the small suburb around 25 kilometres east of the city

alisonwarters@gmail.com

Why young families are being drawn to Wantirna

Development Victoria is making significant progress with the construction of its Springvale South community, Coomoora.&nbsp;

Townhouse construction by Creation Homes is underway, with 47 townhouses set to be delivered alongside 16 land-only lots creating a diverse range of housing options available.

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Prices for the final two remaining Viola townhouses have been reduced to $630,000, meaning buyers save $10,000 and only require a five percent deposit to purchase, with no more to pay until settlement, making it a perfect opportunity for first home buyers to continue saving whilst the home is being built.&nbsp;

The remaining two-bedroom Viola townhouses feature a generous sized family room, dining and kitchen space that opens onto an east-facing balcony overlooking Coomoora Central Park. A first floor bedroom will sit alongside a bathroom and study nook, as well as a private ground floor master suite.&nbsp;

The townhouses boast an angled roofline and a pared back facade, donned with contemporary cladding, and the homes come complete with one car space.&nbsp;

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Coomoora has been designed with residents' well-being in mind, with approximately 10 percent of the site devoted to common open space. This includes two key park areas with communal bench seating and landscaped areas.

An additional 10 percent has been designated as public open space, facing Coomoora Road. This open space will provide additional opportunities for residents to enjoy the outdoors and connect with nature and has already been delivered as part of the project.

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Final opportunity to buy into Development Victoria's Coomoora community 

South Morang is set to welcome a new residential development that promises modern living in a convenient location.

Trilogy Place, designed by renowned architects Rothelowman, presents a collection of contemporary townhomes that cater to various homebuyers' needs, with a selection of two, three and four-bedroom residences.

The townhomes at Trilogy Place have been thoughtfully designed to maximise natural light and provide stunning views of the nearby parklands. Spread across two or three levels, the residences showcase a modern functional design that exudes sophistication and practicality.

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Each home is built to a 6-star energy rating, ensuring energy efficiency and reducing environmental impact. Furthermore, residents have the freedom to customise their homes with optional upgrades and a choice of two coloue schemes.

Trilogy Place offers the option to include a solar and battery storage system in the homes, which, by incorporating a 5kW solar panel and a 10kWh battery storage system, will significantly reduce a households annual energy bills and contribute to a greener future by mitigating home-produced carbon emissions.

Situated a mere 25 kilometres from Melbourne's bustling CBD, the friendly village offers easy access to a range of amenities.

Residents will find themselves within walking distance of the Westfield Plenty Valley Shopping Centre, providing a myriad of shopping and dining options.

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The location is also in proximity to local schools, including Morang South Primary School, Mill Park Secondary College, Marymede, and Parade Catholic Colleges, as well as RMIT and La Trobe University.

For commuters, Trilogy Place is perfectly situated within walking distance to the South Morang Train Station, allowing for effortless travel to the city and beyond.

The development also offers easy access to major road links, making it a convenient base for those who prefer to drive. Additionally, local supermarkets, buses, walking and bike paths, playgrounds, and a nearby childcare centre contribute to the overall convenience and family-friendly nature of the area.

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Trilogy Place offers the option to include a solar and battery storage system in the homes, which will significantly reduce a households annual energy bills

Customisation and convenience: Trilogy Place delivers modern townhomes to South Morang

Metro Property Group are due to complete construction on their Williamstown development, One Lakeview, in the coming months.&nbsp;

They tasked&nbsp;Creation Homes to build the collection of 19 townhouses, which are nestled amidst the landscape of Jawbone Reserve, blending liveability and sustainability.&nbsp;

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Renowned for their commitment to environmentally and socially sustainable design, ClarkeHopkinsClarke have once again demonstrated their expertise in creating spaces that foster community connection while treading lightly on the planet, with each three and four-bedroom residences designed to harmonise with the waterside precinct.

From the initial planning stages, great emphasis was placed on integrating thoughtful orientation, water management, enhanced thermal control, and the utilisation of locally sourced materials. The result is a collection of homes that not only minimise energy usage but also reduce ongoing costs for residents.

The private landscaped courtyards are adorned with native plantings that not only enhance the natural beauty of Williamstown but also support the biodiversity of the region.

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Residents will find themselves at the doorstep of the Jawbone Flora and Fauna Reserve, a protected conservation area boasting wetlands, open grasslands, saltmarshes, and mangroves, with the reserve offers opportunities for bird watching and cycling or walking along The Bay Trail.

Bringing in an abundance of natural light and ventilation, each residence at One Lakeview features spacious and adaptable floor plans, while the choice of materials throughout aids in maintaining optimal thermal comfort and energy efficiencies.

Three and four-bedroom townhouses are still available in the development, with prices starting from $1.175 million.&nbsp;

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They tasked Creation Homes to build the collection of 19 townhouses, which are nestled amidst the landscape of Jawbone Reserve

Construction to complete at Williamstown townhouse development, One Lakeview

Melbourne's coveted suburb of Ivanhoe East has welcomed it's latest new residential collection, with JWLand finishing up construction at The Grounds of Ivanhoe.

The Grounds of Ivanhoe, a collection of apartments across three buildings and a number of townhomes at 173 The Boulevard, was designed to take in nature, with more than 15,000 sqm of land dedicated to gardens and public spaces.

JWLand’s Project Marketing Manager Nick Babic says&nbsp;it will really hit home what they’ve produced as the landscaping starts to come to life.

“The landscaping is one of the major drivers for this project," Babic says.

"Most of the residents will be downsizers from the local area, who have been accustomed to large gardens.

"When forming the masterplan for The Grounds, we focused on creating this landscaped environment where residents are still connected to nature, without having to maintain their own gardens.”

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The architects behind The Grounds have scaled the townhomes to harmonise with the lush green surroundings, with careful landscaping, featuring a profusion of native and exotic plantings, enveloping the architecture.

Inside, the interiors of the townhomes have been designed to offer spaciousness and sophisticated elegance. The generous use of engineered timber floating flooring, along with natural white walls, creates a warm and light-filled canvas.

Windows that seemingly disappear into the ceiling not only maximise natural light but also offer views, blending the indoors with the outdoors.

The attention to detail extends to the carefully selected features and finishes that adorn each townhome. Premium SMEG kitchen appliances await culinary enthusiasts, while a Vintec 50 bottle wine fridge adds a touch of luxury.

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The bedrooms are adorned with plush wool carpets, while the bathrooms boast seamless floor-to-ceiling tiling. The ensuite offers an added touch of indulgence with heated under tile flooring, ensuring your comfort during colder months.

Location-wise, The Grounds couldn't be more ideal. Situated just 1.3 kilometres away from Ivanhoe Station, commuting to Melbourne's CBD is a breeze, taking only 15 minutes by car. But despite its close proximity to the city, Ivanhoe East remains a tranquil oasis characterised by parklands, waterways, and hilly vistas.

The suburb follows the meandering course of the Yarra River and is flanked by vast expanses of greenery, including bushland reserves and sports fields.

Two and three-bedroom floorplans are still available in The Grounds, with prices from&nbsp;$995,000.&nbsp;

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The Grounds of Ivanhoe was designed to take in nature, with more than 15,000 sqm of land dedicated to gardens and public spaces.



Residents soon to move in to The Grounds, Ivanhoe East

Melbourne's leafy east suburb Glen Iris is attracting families with one of its latest developments.&nbsp;

BHC Property' latest townhouse collection, GlenHolm, offers a mix of two, three and four-bedroom floorplans, which is attracting families small and large.

The limited collection of large-scale townhomes at&nbsp;1795 Malvern Road has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design.

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Boasting landscapes by the esteemed John Patrick, the masterplan focuses on providing residents with privacy and a strong sense of community.

Each townhome is thoughtfully spaced, allowing for a sense of individuality and ample breathing space, with the staggered form of the homes further adding to the distinctiveness of each residence.

Nestled between the rows of townhomes, an open common area fosters a sense of neighbourly camaraderie, providing a place for residents to gather and gardens to flourish.

With the long-term resident in mind, GlenHolm incorporates various design elements to cater to modern living. The homes feature dedicated working-from-home spaces, ensuring that residents can easily adapt to the evolving demands of remote work.

Entrance stations offer convenience and security, while there's also intelligent storage solutions, high-quality Miele appliances and durable fixtures integrated throughout.

GlenHolm is also designed with sustainability in mind. These townhomes boast a 7-star energy rating, with innovative features such as high-performance glazing and 2.9 metre high ceilings contributing to maintaining comfortable living conditions, along with a lower carbon footprint and lower energy bills for residents.

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Quiet streets wind through the area, offering a sense of serenity that is hard to come by in the city. Open parklands provide ample space for outdoor recreation, while the charming village shopping precincts cater to the needs of residents, ensuring convenience is just a stone's throw away.&nbsp;

Nature enthusiasts are in for a treat as the renowned Gardiners Creek Trail meanders through the eastern suburbs, stretching approximately 20 kilometres from Blackburn Lakes to the Main Yarra Trail in Burnley, while locals also enjoy the splendours&nbsp;of Hedgley Dene Gardens, boasting open lawns, an ornamental lake, and a number of footbridges.

Steeped in Edwardian-era charm, the nearby Central Park is another favourite, spanning almost 19 acres, with the verdant space home to an array of trees and garden beds, and even a cricket oval. Among its notable attractions is one of Victoria's oldest conservatories, a testament to the park's rich heritage and dedication to preserving natural beauty.

Culinary delights are also attracting families, with the local cafe, Pantry, a favourite among residents, renowned for its all-day brunch offerings. As the sun sets, the vibrant Asian-inspired diner and cocktail bar, Too Good Talker, takes centre stage.

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Families have also been attracted to GlenHolm's proximity to a number of Melbourne's bests schools, including St Mary’s Primary School, Glen Iris Primary School, and Holmesglen Institute Chadstone Campus.

Residents can enjoy the convenience of being just a few minutes' walk from Glen Iris station, providing connectivity to the city and surrounding areas, while trams along bustling High Street are also within easy reach.

For those who prefer cycling, the picturesque riverside ride along Gardiners Creek Trail and Main Yarra Trail offers a scenic route into the city.

[smartcode_project_cta:default project_id=3723]

The limited collection of large-scale townhomes has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design

Why GlenHolm, Glen Iris townhouses, are a perfect family home

Mount Waverley, known for its safe and convenient lifestyle, is now offering a unique opportunity to become part of its prestigious community, with construction due to complete on the latest residential offering.&nbsp;

A collection of just nine architecturally designed townhomes form Syndal Place, combining contemporary aesthetics, thoughtful design, and top-notch fixtures.

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Mount Waverley, often referred to as the jewel in the crown of Melbourne's southeast, is renowned for its heritage streets and captivating charm. Situated a mere 20 kilometres from the CBD, it has consistently ranked among the top choices for families seeking a comfortable and fulfilling lifestyle in Melbourne.

The demand for housing in Mount Waverley, particularly within the Glen Waverley Secondary school zones, has reached unprecedented levels in recent times, with families and individuals drawn to the suburb's friendly ambience and the convenience of being close to The Glen.&nbsp;

Located near Syndal Village, construction on the Jesse Ant Architects designed townhouses is due to wrap up shortly.

All the two-bedroom townhouses have already been sold in the development, with only a limited collection of three and four-bedroom floorplans remaining, with prices beginning from&nbsp;&nbsp;$1.22 million.&nbsp;

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The floorplans span from 156 sqm through to 222 sqm, each providing two car paces, along with a choice between two, three or four-bathroom options.&nbsp;

The townhouses are set across multiple levels, with each benefitting from spacious balconies on the upper levels, in addition to ground floor landscape courtyards.&nbsp;

[smartcode_project_cta:default project_id=112112]

Construction due to wrap at Mount Waverley townhouses, Syndal Place

Luxury developments and Rothelowman go hand in hand.&nbsp;

The award-winning architecture firm were engaged by DM Property to design their Sandringham development, Early 3191, which features 35 three and four-bedroom townhouses.

Rothelowman Principal Stuart Marsland said the brief Rothelowman were given for Early 3191 was to create a series of townhomes that would elevate the standard of suburban living in Sandringham.

"The brief was to bring townhome living to a new level in Sandringham and deliver a series of homes through a calm landscape driven concept with a generosity for spacious living," Marsland said.

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"The design vision was centred around simplicity, community space, rebuilding the street, amplifying landscape and ensuring the future of suburban living."

Rothelowman drew inspiration from the surrounding coastal areas and neighbouring heathlands, which are reflected in the unified and simple palette of materials and colours used throughout the development.

"The site’s context was extremely important to the design of Early 3191," Marsland added.

"Sandringham has a laid- back luxury feel, overlaid with pockets of deep vegetation. This provided the inspiration for the palette and vibe of the townhouses. Examples of how this are the position of the front gardens and how they open onto the street, and the continuous public landscape."

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The townhouses were designed to fit seamlessly into the Sandringham context, with the unique deep nature reserves and generous front gardens transforming the atmosphere in George Street.

Marsland said it is&nbsp;important to the architecture firm that each Rothelowman design attributes significance to the physical and social fabric that surrounds every project.

"Early 3191 is a premier example of this."

Sustainability was a significant consideration in the design process, with features such as solar orientation, solar panels, rainwater tanks, and bicycle storage racks incorporated into the development.

[smartcode_project:default project_id=138081 project_image_fid=209565]

Rothelowman Senior Associate, Kylie Caruana, said that as custodians of&nbsp;our neighbourhoods, our cities and of future generations, Rothelowman understands the importance of making sustainable design decisions.

"No matter the brief, the design solutions that our teams create must incorporate authentic strategies to minimise imbedded energy - in materiality, orientation and functional layouts - and energy use throughout the life of the building," Caruana said.

When it came to the interior design of Early 3191, Rothelowman worked collaboratively with Adele Bates to refine the interior design concept and bring the project to life.&nbsp;

[smartcode_project:default project_id=138081 project_image_fid=209567]

"As interior designers ourselves, we understand the importance of the connection between architecture and interior design. The attitude to our approach remains the same when collaborating with other interior practices," Caruana said.&nbsp;

"For this particular project, Rothelowman provided innovations in town home layouts and the overall design approach for Early 3191. From there, we worked collaboratively with Adele Bates to refine the interior design concept to bring the project to life."

[smartcode_project_cta:default project_id=138081]

Rothelowman Principal Stuart Marsland said the brief Rothelowman were given for Early 3191 was to create a series of townhomes that would elevate the standard of suburban living in Sandringham

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