Ringwood

A 111-residence residential project across two buildings in Ringwood, Nelson Bourke, was recently presented their second award from the 2021 Design Matters National building design awards, following a win the previous year.

The project&rsquo;s second stage at 8 Bourke Street was awarded the &lsquo;Multi-Residential Over $6M Award&rsquo; by the leading professional body for building designers.

Delivered by Orion International Group and designed by renowned CK Architecture, the award-winning project also received a commendation for the &lsquo;Medium Density Development Award&rsquo; from the 2019 UDIA awards for excellence for their first stage.

[smartcode_project:default project_id=3313 project_image_fid=20488]

Nelson Bourke and the designs&#39;&nbsp;forward-thinking has been met with a positive reception from buyers, as well as the Maroondah City Council, evidenced in the successful sell-out of the first stage in 10 months.

The 8 Bourke Street mid-rise integrates sophisticated luxury and peaceful sanctuary living, providing 49 one, two and four-bedroom apartments over four levels.

Just metres from the bustling Eastland Shopping Centre, the project brings the sleek and contemporary architecture of the inner city to the suburbs.

[smartcode_project:default project_id=3313 project_image_fid=39028]

Designed to attract with eye-catching street appeal, the signature &lsquo;8OURKE&rsquo; lit sign gives the building a strong presence and sense of identity.

Design cues were taken from the leafy Ringwood area and surrounds, offering a consistent look and field to other properties in the area and replicating the stylish, large homes on a smaller scale.

The fa&ccedil;ade features premium fa&ccedil;ade cladding and stone that elevate the concept of luxury design, but also impart a welcoming and homely feel.

[smartcode_project:default project_id=3313 project_image_fid=39024]

Bespoke, light-filled apartments see stone flowing seamlessly through to the interior, creating a sense of refinement.

[smartcode_project_cta: project_id=3313]

8 Bourke Street was awarded the ‘Multi-Residential Over $6M Award’ at the 2021 Design Matters National building awards

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Back-to-back award win for Ringwood apartment development, Nelson Bourke

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Melbourne’s median house price has surged over $750,000 for the first time, new data from the REIV shows.
Ringwood - East and North - along with Caulfield South - and prestigious Toorak - led Melbourne's median house to $750,000 plus. 
In the three months to December 31, Melbourne’s median house price increased 5.0 per cent to a record high $770,000.
Growth was widespread across Melbourne and the market – from Toorak and Brighton to Moonee Ponds and Macleod. Double-digit growth was experienced in 43 of suburbs with more than 30 sales. 
Growth was also recorded in the outer, more affordable suburbs, including Cranbourne in the south-east, and Hoppers Crossing and Wyndham Vale in the west.
The median house price in all three suburbs remains below $450,000.
Units and apartments also increased in price over the December quarter in Melbourne, rising 3.0 per cent to $563,500. 
In regional Victoria, house prices experienced growth of 2.0 per cent to $358,000, while the unit and apartment median was slightly lower than the September quarter at $269,000.
The REIV President, Joseph Walton, said the latest quarterly figures indicate strength in the Victorian market.
“Transaction numbers in the inner and middle suburbs of Melbourne were up more than 20 per cent from the September quarter,” he said. 
“The ongoing interest from investors and homebuyers in the Victorian market looks likely to continue well into this year,” he said.
He said buyer demand continues to drive price growth and high clearance rates.
TOP 20 SUBURBS - DECEMBER 2016 QUARTER
 
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
 
</td>
<td valign="middle">
Top Growth Suburbs
</td>
<td valign="middle">
Dec-16 Median
</td>
<td valign="middle">
Sep-16 Median
</td>
<td valign="middle">
Quarterly Change
</td>
</tr>
<tr>
<td valign="middle">
1
</td>
<td valign="middle">
RINGWOOD EAST
</td>
<td valign="middle">
$900,000
</td>
<td valign="middle">
$717,000
</td>
<td valign="middle">
25.5%
</td>
</tr>
<tr>
<td valign="middle">
2
</td>
<td valign="middle">
CAULFIELD SOUTH
</td>
<td valign="middle">
$1,807,500
</td>
<td valign="middle">
$1,450,000
</td>
<td valign="middle">
24.7%
</td>
</tr>
<tr>
<td valign="middle">
3
</td>
<td valign="middle">
TOORAK
</td>
<td valign="middle">
$4,762,500
</td>
<td valign="middle">
$3,900,000
</td>
<td valign="middle">
22.1%
</td>
</tr>
<tr>
<td valign="middle">
4
</td>
<td valign="middle">
BRIGHTON
</td>
<td valign="middle">
$2,740,000
</td>
<td valign="middle">
$2,245,000
</td>
<td valign="middle">
22.0%
</td>
</tr>
<tr>
<td valign="middle">
5
</td>
<td valign="middle">
ARMADALE
</td>
<td valign="middle">
$2,460,000
</td>
<td valign="middle">
$2,020,000
</td>
<td valign="middle">
21.8%
</td>
</tr>
<tr>
<td valign="middle">
6
</td>
<td valign="middle">
BROADMEADOWS
</td>
<td valign="middle">
$481,000
</td>
<td valign="middle">
$397,000
</td>
<td valign="middle">
21.2%
</td>
</tr>
<tr>
<td valign="middle">
7
</td>
<td valign="middle">
PRAHRAN
</td>
<td valign="middle">
$1,685,000
</td>
<td valign="middle">
$1,394,000
</td>
<td valign="middle">
20.9%
</td>
</tr>
<tr>
<td valign="middle">
8
</td>
<td valign="middle">
MOONEE PONDS
</td>
<td valign="middle">
$1,235,000
</td>
<td valign="middle">
$1,030,000
</td>
<td valign="middle">
19.9%
</td>
</tr>
<tr>
<td valign="middle">
9
</td>
<td valign="middle">
BOX HILL SOUTH
</td>
<td valign="middle">
$1,316,000
</td>
<td valign="middle">
$1,101,000
</td>
<td valign="middle">
19.5%
</td>
</tr>
<tr>
<td valign="middle">
10
</td>
<td valign="middle">
MACLEOD
</td>
<td valign="middle">
$925,000
</td>
<td valign="middle">
$775,000
</td>
<td valign="middle">
19.4%
</td>
</tr>
<tr>
<td valign="middle">
11
</td>
<td valign="middle">
HAWTHORN
</td>
<td valign="middle">
$2,470,000
</td>
<td valign="middle">
$2,080,000
</td>
<td valign="middle">
18.8%
</td>
</tr>
<tr>
<td valign="middle">
12
</td>
<td valign="middle">
THOMASTOWN
</td>
<td valign="middle">
$567,000
</td>
<td valign="middle">
$477,500
</td>
<td valign="middle">
18.7%
</td>
</tr>
<tr>
<td valign="middle">
13
</td>
<td valign="middle">
RINGWOOD NORTH
</td>
<td valign="middle">
$950,500
</td>
<td valign="middle">
$815,000
</td>
<td valign="middle">
16.6%
</td>
</tr>
<tr>
<td valign="middle">
14
</td>
<td valign="middle">
DONCASTER
</td>
<td valign="middle">
$1,398,000
</td>
<td valign="middle">
$1,202,500
</td>
<td valign="middle">
16.3%
</td>
</tr>
<tr>
<td valign="middle">
15
</td>
<td valign="middle">
DROMANA
</td>
<td valign="middle">
$659,000
</td>
<td valign="middle">
$566,750
</td>
<td valign="middle">
16.3%
</td>
</tr>
<tr>
<td valign="middle">
16
</td>
<td valign="middle">
UPWEY
</td>
<td valign="middle">
$645,000
</td>
<td valign="middle">
$555,000
</td>
<td valign="middle">
16.2%
</td>
</tr>
<tr>
<td valign="middle">
17
</td>
<td valign="middle">
NARRE WARREN SOUTH
</td>
<td valign="middle">
$577,500
</td>
<td valign="middle">
$500,000
</td>
<td valign="middle">
15.5%
</td>
</tr>
<tr>
<td valign="middle">
18
</td>
<td valign="middle">
LALOR
</td>
<td valign="middle">
$560,000
</td>
<td valign="middle">
$487,000
</td>
<td valign="middle">
15.0%
</td>
</tr>
<tr>
<td valign="middle">
19
</td>
<td valign="middle">
SPRINGVALE
</td>
<td valign="middle">
$727,500
</td>
<td valign="middle">
$635,000
</td>
<td valign="middle">
14.6%
</td>
</tr>
<tr>
<td valign="middle">
20
</td>
<td valign="middle">
MOUNT MARTHA
</td>
<td valign="middle">
$945,000
</td>
<td valign="middle">
$825,000
</td>
<td valign="middle">
14.5%
</td>
</tr>
</tbody></table>
Source REIV
This time last year Melbourne’s median price had moderated following four successive quarters of growth, with the median price down marginally in the 2015 December quarter – down 0.1 per cent to a median house price of $718,000.
At Ringwood East a three bedroom house at <a href="https://www.realestateview.com.au/real-estate/38a-holland-road-ringwood-east-vic/property-details-buy-residential-10589674/" target="_blank">38a Holland Road</a>, Ringwood East (above) has been listed for sale.
Similarly an eight bedroom house at <a href="https://www.realestateview.com.au/real-estate/19-fernwood-avenue-ringwood-east-vic/property-details-buy-residential-10603034/" target="_blank">19 Fernwood Avenue</a>, Ringwood East (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/19-fernwood-avenue-ringwood-east-vic-3135-real-estate-photo-1-large-10603034.jpg" alt="">
A four bedroom home at <a href="https://www.realestateview.com.au/real-estate/3-debbie-place-ringwood-north-vic/property-details-buy-residential-10797060/" target="_blank">3 Debbie Place, </a>Ringwood North (below) has been listed for sale for between $750,000 to $850,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/3%20Debbie%20Place.jpg" alt="">
A four bedroom home at <a href="https://www.realestateview.com.au/real-estate/54-evelyn-road-ringwood-north-vic/property-details-buy-residential-10799125/" target="_blank">54 Evelyn Road,</a> Ringwood North (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/54%20Evelyn%20Road.jpg" alt="">
At Ringwood East a two bedroom home at <a href="https://www.realestateview.com.au/real-estate/12a-wenwood-street-ringwood-east-vic/property-details-sold-residential-10667314/" target="_blank">12A Wenwood Street</a>, Ringwood East (below) was sold for $730,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/12a-wenwood-street-ringwood-east-vic-3135-real-estate-photo-1-large-10667314.jpg" alt="">
Similarly a three bedroom home at <a href="https://www.realestateview.com.au/real-estate/13-isabel-avenue-ringwood-east-vic/property-details-sold-residential-10663319/" target="_blank">13 Isabel Avenue</a>, Ringwood East (below) was sold.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/13-isabel-avenue-ringwood-east-vic-3135-real-estate-photo-1-large-10663319.jpg" alt="">
A four bedroom home at <a href="https://www.realestateview.com.au/real-estate/6-unsworth-road-ringwood-north-vic/property-details-sold-residential-10634164/" target="_blank">6 Unsworth Road,</a> Ringwood North (below) was recently sold for $1,310,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/6%20Unsworth%20Road.jpg" alt="">
A five bedroom home at <a href="https://www.realestateview.com.au/real-estate/625-627-ringwood-warrandyte-road-ringwood-north-vic/property-details-sold-residential-10681851/" target="_blank">625-627 Ringwood-Warrandyte Road,</a> Ringwood North (below) was sold for $1,600,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/625-627%20Ringwood-Warrandyte%20Road.jpg" alt="">
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jchancellor-FAypfDUnLy

Ringwood, Caulfield and Toorak price growth lead Melbourne's median house to $750,000 plus: REIV

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In terms of the best growth suburbs to invest in Melbourne, valuer John Costanzo believes there is still plenty of value to be had in Ringwood and Croydon, according to the latest Herron Todd White (HTW) residential report. 
"While the property market started 2019 on a positive note with more interest from buyers, auction clearance rates rising and banks chasing more business, another hurdle has been put in our way," the valuation firm said. 
"While the current slump in property values resembles those in 2008 during the global financial crisis, this time around, our economy is sound with interest rates at an all-time low." 
A four bedroom house positioned within a highly coveted cul-de-sac in Ringwood with views of Dandenong Ranges has recently been sold for $796,000.
Nestled on a 559 square metre allotment, the brick house at<a href="https://www.realestate.com.au/sold/property-house-vic-ringwood-129317002" target="_blank"> 4 Gibson Court</a> (pictured below) comprises master with built-children's playroom, three additional bedrooms, living and dining room with views, and sleek stone kitchen.
It has easy access to schools, shops and public transport. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/27/ringwood%20.jpg" alt="">
Another pick is Wantirna, according to the HTW report. 
"While Wantirna South’s median entered the $1 million club in 2018, its sister suburb Wantirna is inevitably next in line," the valuation firm commented. 
With a median house price of $960,600, it offers excellent transport links, schools and proximity to Westfield Knox Shopping Centre, which will undergo a long- awaited major redevelopment from November 2019.
A current listing is a three bedroom single level house priced between $880,000 to $960,000.
Situated at <a href="https://www.realestate.com.au/property-house-vic-wantirna-131232658" target="_blank">2 Fortescue Court, Wantirna</a> (pictured below), the house comes with master bedroom, two additional robed bedrooms, living and dining spaced with porcelain tiles, smart kitchen and family area. 
Additional features include ducted heating, split-system heating/cooling, salt-chlorinated in-ground pool with deck surround and double garage.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/27/wantirna%20.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/27/east%20mel.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/27/east%20mel.jpg" alt=""> 
"Investors should start thinking about suburbs where infrastructure upgrades, particularly with links to transport, could put them at the top of the next boom.
"Buyers are still being cautious and with tighter lending conditions still in place, it’s likely the eastern Melbourne market will tread water in the latter half of 2019, although this will vary depending on local market conditions and demand. Only time will tell."
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j.ballantyne1990-6AQqhLzZaK

Ringwood, Croydon and Wantirna - best suburbs to invest in Melbourne: HTW residential 

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A Ringwood, Victoria mortgagee home has been sold for $772,000, $43,000 less than what is last traded for.
The property last sold for $815,000 in 2017.
Micheal Hill and Brett Freeman of Noel Jones marketed the property at <a href="https://www.realestate.com.au/sold/property-house-vic-ringwood-132664414" target="_blank">142 Watirna Road</a>.
The three bedroom, two bathroom house sold during an auction in late January.
Built in 1988, the home sits on a 688 sqm block.
Situated within walking distance of Ringwood Station, local buses, open green spaces and Ringwood Golf Club, its also near schools and shopping centres.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="https://www.urban.com.au/property-observer" target="_blank">Ringwood</a> is $800,000, according to CoreLogic data.<a href="https://www.urban.com.au/property-observer" target="_blank"> </a>
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Ringwood, Victoria mortgagee home sold for minor loss

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A vast property, described as a ‘car lover’s dream’, has come onto the market in Ringwood East. 
Located on Angus Avenue, the six-bedroom home sits on a 5,000 sqm block and features a purpose built 13-car garage. 
Seller, Barry Misurek, says he has loved cars since he was young and couldn’t give up the opportunity to build a garage good enough to store his collection. 
“The garage was built under the footprint of the house and it was built at a huge expense in order to provide an environment for a workshop and also classic cars,” Mr Misurek said. 
The impressive residence also features an indoor pool, tennis court, commercial grade cooling system, shed, courtyard pond, and acoustically designed music room. 
Selling agent Peter Munt, from Ray White Bayswater, has listed the property. 
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wdavis-8cCN98p7xp

Ringwood mansion listed for sale

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A new 200-room hotel has been announced for the Melbourne suburb of Ringwood.
Marriott International announced the project, which will become part of company’s signature AC hotel chain.
“We are thrilled to be Sunstone Projects’ partner of choice for their first hotel development, under our distinctive AC Hotels by Marriott brand,” said Richard Crawford, Senior Director of Hotel Development, Australia, New Zealand and Pacific, Marriott International.
“The AC Hotels by Marriott brand is renowned globally for its refined approach to design and its European-inspired touches, and we know it will be an exciting addition to the East End development and Ringwood area.”   The complex will house 200 guest rooms (including five suites), casual all-day-dining, a bar, and an indoor heated pool and gym.
The venue will span a total of 354 square metres.
The hotel is projected to be completed, and opened, in 2024.
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New AC Hotel announced for Ringwood in 2024

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Located 23km east of Melbourne’s CBD, Ringwood is beginning to fulfil its potential as a state government-designated development area. Considered fringe suburbia until 15 years ago, Ringwood has enjoyed a substantial growth in recent years, with Urban.com.au currently tracking 19 projects at various stages of their respective life cycles within the Ringwood Metropolitan Activity Centre, reinforcing its status as a burgeoning satellite city.

With a population of 17,471* and rising, a range of factors have contributed to Ringwood becoming a key property hot spot with investment from both the private and public sectors. The major catalysts has been the $66 million redevelopment of Ringwood Station and the $665 million expansion of Eastland Shopping Centre, which also included a Sage Hotel - the first to be developed above a shopping centre in Melbourne.

Additionally, as Melbourne seeks to decentralise into a series of 20 minute neighbourhoods, Ringwood is capitalising on its proximity to schools, freeways, public transport and major shopping destinations such as Eastland. 

<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/ringwood_development.png" rel="gallery-all" title="Ringwood's development pipeline"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ringwood_development.png?itok=2O9d1-rI" title="Ringwood's development pipeline" width="580"></a>

<figcaption>Ringwood's development pipeline</figcaption></figure>More recently hotel operator IHG announced it had signed an agreement to operate a Holiday Inn-branded mixed-use development, signalling its confidence in Ringwood. The development will feature 82 apartments and a 164-room hotel offering all day dining and bar, conference and meeting facilities, a gym and a swimming pool, along with on-site parking.

Opening in 2020, the Holiday Inn &amp; Suites Melbourne Ringwood is being developed by Ninety Four Feet and Omni Property Group who recently signed Hamilton Marino to build the CHT Architects-designed complex.

<blockquote>
We are thrilled to sign our second hotel with IHG, and our first hotel in Australia. Ringwood is an exciting destination, with a vibrant community and growing business investment that has included a $66 million upgrade to Ringwood Train Station and a $665 million expansion of Eastland Shopping Centre. We are confident that, with the world’s largest brand family behind it, Holiday Inn &amp; Suites Ringwood will be a huge success

- Dean Rzechta, Managing Director at Ninety Four Feet Property Development (via <a href="https://www.propertyobserver.com.au/https://www.thehotelconversation.com.au/news/2018/10/08/holiday-inn-hotel-announced-melbourne-suburb-ringwood/1538950503">The Hotel Conversation</a>)
</blockquote>

<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/holiday_inn_-_ringwood_2.jpg" rel="gallery-all" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation"><img alt="" class="image-article-full-width-580px" height="372" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/holiday_inn_-_ringwood_2.jpg?itok=3YiuxK2e" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation" width="580"></a>

<figcaption>The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation</figcaption></figure>Developer OzProperty has also found recent success with its Highwood residential development designed by DKO Architecture, which delivered record-breaking capital appreciation for Ringwood on a challenging site. Completed in late 2017, the master planned development comprises 36 town houses,with an emphasis on maximising light to interiors and providing a variety of architectural typologies along the streetscape.

<blockquote>
DKO has designed Highwood with a range of streetscape typologies to reflect families who make up a large proportion of the local area. It is no surprise that one of the homes at Highwood has broken the record for capital appreciation because Ringwood is an exciting area for everyday people who are looking to get onto the property market. It’s one of several government identified growth zones, where infrastructure and industry will be leveraged for capital growth.

- Koos de Keijzer
</blockquote>

<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/ebp_ozproperty_highwood_ringwood-6298.jpg" rel="gallery-all" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty"><img alt="" class="image-article-full-width-580px" height="202" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ebp_ozproperty_highwood_ringwood-6298.jpg?itok=xOYrAVO_" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty" width="580"></a>

<figcaption>OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty</figcaption></figure>Purchasers Lu Dongyan &amp; Duan Hongbo purchased Highwood’s Lot 26 off the plan in 2015 for $549,000 and settled the property on 6th November 2017. They decided to sell their home a few months later in April 2018 for $702,500. They making a profit of $153,500 in 5 months.

Highwood has demonstrated that demand for highly considered, architecturally designed medium density homes with multiple typologies, and close to amenity and transport are still highly sought after.

<blockquote>
The overall Melbourne market is generally challenging, however areas such as Ringwood are still maintaining strong interest from buyers. The primary reason is the recent infrastructure and private development spending has now been delivered, making Ringwood a great place to be, but another part of the story is price attainability and affordability. You can still get a 4 BR townhouse, suitable for a family, under $1m. We’re all aware the challenge in the current market is the limited liquidity and credit due to the main banks’ lending policy changes, so affordability is critical. 

Ringwood was a suburb in transition. The central Ringwood area was earmarked for over $1b in developments including the Eastland expansion, new Costco, Ringwood train station upgrade and a series of mixed use developments. Furthermore, the supply of large parcels of land was limited, so we had a unique opportunity to offer a high quality medium density solution in the backdrop of all the other higher density development activity.

With most of the infrastructure and developments now complete, Ringwood today offers a much higher level of liveability than other suburbs. It’s surprisingly walkable and the green, leafy outlook is just wonderful.

- Raghav Goel, Director, Oz Property
</blockquote>

Established in 2007, Oz Property Group is focused on delivering sustainable, considered developments around key activity zones in response to a rapidly evolving and growing Melbourne market.

* 2016 Australian census data
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Laurence Dragomir

Ringwood's development scene and property market remain strong

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One of the latest planning applications to be advertised via City of Boroondara underlines the growing ambitions of Balwyn-based developer Melstone.

352-358 Canterbury Road is Melstone's latest endeavour, having enlisted Elenberg Fraser to deliver a design that will capitalise upon Melstone's confidence in Melbourne's local apartment market. The Surrey Hills project intends to replace a permit for a more modest Neil Architecture-designed scheme of 29 predominantly townhouse dwellings.

Conversely Melstone hopes to yield 42 apartments across the 5 level proposal which has a development cost of $20 million. Asked by Urban.com.au, Melstone says the Surrey Hills project will squarely be aimed at local downsizers and owner occupiers.

<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/image86_6.jpg" rel="gallery-all" title="Wide pan view of 352-358 Canterbury Road. Image: Melstone"><img alt="" class="image-article-full-width-580px" height="280" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image86_6.jpg?itok=AvNG0ezA" title="Wide pan view of 352-358 Canterbury Road. Image: Melstone" width="580"></a>

<figcaption>Wide pan view of 352-358 Canterbury Road. Image: Melstone</figcaption></figure>352-358 Canterbury Road has been positioned to become the area's premier apartment development, as described by urban planning agency proUrban:

<blockquote>
The proposed development presents an elegant, mid-rise, mixed-use building of architectural excellence on an underutilised inner-urban landholding. The building proposes to reinforce an emerging character of mid-rise buildings, as emphasised within planning policy and evidenced through recent planning approvals in the area for buildings of increased scale.
</blockquote>

As a result the Surrey Hills proposal's apartment split sees 4 single, 25 double and 13 triple bedroom apartments.

Surrey Hills though is not the only apartment development on Melstone's agenda. A display suite sits at the ready at 33-35 Ringwood Street, after the DKO Architecture-designed application gained approval during April.

<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/image87_3.jpg" rel="gallery-all" title="33-35 Ringwood Street. Image: DKO Architecture"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image87_3.jpg?itok=kURsXIkk" title="33-35 Ringwood Street. Image: DKO Architecture" width="580"></a>

<figcaption>33-35 Ringwood Street. Image: DKO Architecture</figcaption></figure>The Ringwood development is a seven storey mixed use project consisting of a basement car park, ground floor retail spaces and apartments above. Urban.com.au <a href="https://www.urban.com.au/news/ringwoods-has-600-apartments-under-construction-as-a-new-project-nears-launch">recently highlighted</a> the currently robust Ringwood apartment market, with 600 apartments now under construction.

Melstone expect 33-35 Ringwood Street to launch in coming months, and will be aimed at capitalise upon the underlying demand for apartments in the suburb.

Melstone's largest project was a Box Hill apartment development which they successfully sold during 2017 with a permit in place. 16-22 Wellington Road includes approximately 130 apartments over 14 levels in another design conceived by Elenberg Fraser.

The Box Hill project entered planning during early 2016 under the guidance of Melstone and found approval late in the same year.

Melstone's rise to prominence is reflective of many Melbourne developers who began with small-scale apartment or townhouse pursuits and have progressed to more robust developments, mirroring the growing appetite for apartments across wider 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/image84_10.jpg" rel="gallery-all" title="Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="539" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image84_10.jpg?itok=rBSxb3Jn" title="Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser" width="580"></a>

<figcaption>Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser</figcaption></figure>
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silvermb

Melstone moves on Melbourne's eastern suburbs

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The erection of a tower crane for 233 East has seen the overall number of apartments under construction within Ringwood surge to approximately 600.

These 600 apartments are spread across seven separate apartment developments of varying sizes, yet the overall figure is representative of the underlying demand for apartment living in the outer eastern suburb. 233 East is at this stage the highest profile development to begin construction owing to its height and location.

Opposite Eastland and fronting Maroondah Highway, the LSA Architects-designed project will add just shy of 100 new apartments. At 10 levels it will also be the area's tallest apartment building upon completion.

<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/image105_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image105_0.jpg?itok=4_7fFuTv" width="580"></a>

<figcaption>233 East is at construction</figcaption></figure>The balance of projects at construction is located well back from Maroondah Highway in a pocket bound by Bond Street, Ringwood Street and the Ringwood Bypass.

Largest at construction is the tri-building Eden Square project; Head contractor Hamilton Marino is well into the build phase with the eventual outcome some 200 plus apartments adjacent to the Mullum Mullum Creek. Eden Square is noteworthy in that its premier residences managed to sell for $2.55m and $2.5m respectively.

Next in terms of size is Nelson Bourke Apartments at 1-7 Nelson Street. Builder Buxton has taken the floor plate above ground for the dual building development that will result in 111 apartments.

The balance of developments at construction adding to the 600 apartment figure includes Venus Apartments, Ark Apartments and The Edge Apartments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_2525.jpg" rel="gallery-all" title="Nelson Bourke Apartments progress"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_2525.jpg?itok=O0hkrzfz" title="Nelson Bourke Apartments progress" width="580"></a>

<figcaption>Nelson Bourke Apartments progress</figcaption></figure>Another development due for a construction start is The Selection with Method Constructions signage up across the site. The builder is set to begin works on the Embrace Architects-designed project which includes 49 apartments and two ground floor retail tenancies.

The project's marketing campaign billed it as Ringwood's premier apartment development, which includes seven levels of living above two basement levels. The Selection's facade will predominantly consist of exposed concrete, charcoal steel frames, perforated metal screens and shaded glazing wraps.

Whilst the number of apartments under construction within Ringwood is at an all-time high, a newly assembled display suite has appeared at 33-35 Ringwood Street.

The display suite's arrival may well signify the signifying the imminent launch of the DKO Architecture-designed seven level apartment development that hit planning with 38 apartments in tow.

<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/rwdko.jpg" rel="gallery-all" title="33-35 Ringwood Street. Planning image: DKO"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/rwdko.jpg?itok=suHxqfRQ" title="33-35 Ringwood Street. Planning image: DKO" width="580"></a>

<figcaption>33-35 Ringwood Street. Planning image: DKO</figcaption></figure>
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Ringwood's has 600 apartments under construction, as a new project nears launch

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Sage Hotel Ringwood, located at Eastland Shopping Centre opened its doors on Tuesday 10 October becoming the first hotel in Victoria to be developed atop a shopping centre.

The new 120-room, full-service hotel spans five floors above the shopping centre and includes a restaurant, bar, conference and co-working facilities comprising of a boardroom, function room and a co-working space with a capacity of 80 people.

The hotel was delivered under a design and construct contract for QIC, following Probuild’s completion of the $500M+ Eastland Shopping Centre Redevelopment in 2016.

<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/eastland_hotel.jpg" rel="gallery-all" title="The Sage Hotel bar at Eastland. Image: Probuild"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/eastland_hotel.jpg?itok=hnl3XLFz" title="The Sage Hotel bar at Eastland. Image: Probuild" width="580"></a>

<figcaption>The Sage Hotel bar at Eastland. Image: Probuild</figcaption></figure>Probuild’s September handover allowed Next Story Group four weeks of preparation to ensure a smooth opening day and first-class experience for guests. 

<blockquote>
We’re incredibly proud to have delivered Victoria’s first retail destination hotel. We’re building a number of large-scale luxury hotels around the country, including The Ritz Carlton in Melbourne and Perth and The Star Gold Coast. It’s been fantastic to combine this and our mixed-use experience with a project such as Sage Hotel Ringwood.

- Probuild Victorian Managing Director, Luke Stambolis.
</blockquote>

QIC GRE and Next Story Group will be teaming up once again on the $800 million 80 Collins Street project which will feature a 300-room NEXT hotel and is currently under construction. This presents Next Story's second foray into the Melbourne hotel scene following on from Sage.

Meanwhile, Probuild will be keeping busy having recently been awarded the contract for the first stage of Far East Consortium's West Side Place project at 250 Spencer Street, the site of the former Age building.

The first stage of the $1bn project will deliver 1376 apartments across two towers, as well as the tallest hotel in the southern hemisphere - the 263 room Ritz-Carlton hotel which will rise to a height of 270m.

<blockquote>
This Victorian project is one of unprecedented scale and ambition, not just for Probuild but for Melbourne. West Side Place will be an exemplary project for generations to come.

-  Luke Stamboulis
</blockquote>

Probuild will commence preparatory works on West Side Place immediately, with construction anticipated to commence in November this year. West Side Place is scheduled for completion in 2022. 
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