Top Five

First home buyers, investors and downsizers alike will find comfort knowing that you can find a brand-new luxury apartment in Melbourne at an affordable price point.

While continued Melbourne lockdowns threaten to deflate sentiment and stifle the near-term recovery in the apartment market, once borders re-open, demand will likely far exceed moderate apartment supply, JLL&rsquo;s head of residential research, Australia, Leigh Warner told the Urban Developer last month.

&ldquo;Investor demand has clearly picked up in 2021, and this demand has started to flow through to the apartment market,&rdquo; Warner said.

Urban takes a look at five new developments on the market under $500,000 for investors hoping to get ahead of the anticipated demand.

1. Rise, Moonee Ponds 
Developer: Caydon Property 
One-bedroom apartments from $433,500

[smartcode_project:default project_id=5328 project_image_fid=163914]

Comprising of 297 one, two, three bedrooms, Rise is an elegant new development making up the final addition to the Mason Square precinct at Moonee Ponds.

Rising 29 floors, the project boasts uninterrupted city views from the floor-to-ceiling windows, as well as&nbsp;plentiful amenity .

[smartcode_project:default project_id=5328 project_image_fid=164756]

Listed for $433,500, the development&rsquo;s 56 sqm one-bedroom, one-bathroom apartment, designed by Fender Katsalidis, features high-end finishes, bespoke fittings and integrated appliances.

The spacious bathrooms include full-width showers, freestanding baths and custom vanities exclusively designed for Rise by Omvivo.

2. Ryrie Home 
Developer: Franz&eacute; Developments 
One-bedroom apartments from $415,000

[smartcode_project:default project_id=5559 project_image_fid=88241]

Located in the fastest-growing regional city in Australia,&nbsp;Ryrie&nbsp;Home provides the ideal sea change for residents hoping to escape the bustle of the Melbourne CBD.

Positioned within walking distance to Eastern Beach, the development is also proving popular with investors, listed as Urban&#39;s most popular investor project for Q1 2021.

[smartcode_project:default project_id=5559 project_image_fid=173776]

The development&rsquo;s one-bedroom, one-bathroom apartment has a price tag of just $415,000, making it an attractive investment or first home.

Designed by Architectus, Ryrie Home&nbsp;boasts an authoritative and restrained grid fa&ccedil;ade, pedestrian laneways, commercial retail, and F&amp;B spaces, as well as hotel and residential lobbies

3. Due North, Preston 
Developer: Caydon Property 
One-bedroom apartments from $482,000

[smartcode_project:default project_id=5502 project_image_fid=155337]

Climbing 12 levels and comprising 107 apartments, Due North is a new fur-friendly apartment addition to Preston&#39;s High Street.

Designed by Caydon Architecture, the 57 sqm one-bedroom, one-bathroom apartment with a study is priced at&nbsp;$482,000.

[smartcode_project:default project_id=5502 project_image_fid=155332]

Located just 20 minutes away from Melbourne&rsquo;s CBD and featuring rooftop space, a co-working area and 3 retail spaces, residents will have everything at their doorstep at Due North.

Splash the day away in the pool and dip into stunning Melbourne views as you kick back on the deck and soak in those holiday vibes.

4. Cubic House, Alphington 
Developer: Glenvill 
One-bedroom apartments from $420,000

[smartcode_project:default project_id=107514 project_image_fid=170760]

Cubic House delivers spacious one and two-bedroom apartments in YarraBend&#39;s Artisan Precinct, in a visionary new neighbourhood located alongside the Yarra River.

In the highly coveted suburb of Alphington, the project features impressive 60 sqm one-bedroom apartments for just $420,000.

[smartcode_project:default project_id=107514 project_image_fid=170761]

Designed by DKO Architecture, these apartments include European appliances, high-quality details, open-plan living spaces flooded with natural light from floor-to-ceiling windows and easy access to your private balcony.

&ldquo;YarraBend is more than a reinvention of inner-city living. It&rsquo;s an acknowledgement that the way we actually live in the world needs to radically change&rdquo;, the project marketing reads.

5. St Boulevard, Melbourne 
Developer: The Shakespeare Group 
One-bedroom apartments from $410,000

[smartcode_project:default project_id=1260 project_image_fid=177981]

One of the latest popular developments on the Melbourne CBD fringe is St Boulevard, the three-tower project by The Shakespeare Group.

Recently completed, St Boulevard offers an unrepeatable location, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

[smartcode_project:default project_id=1260 project_image_fid=177965]

One-bedroom apartments start from $410,000 in the Elenberg-Fraser designed development, which features long wrap-around balconies and communal amenities designed to bring neighbours together.

These include a private cinema, a games lounge and children&rsquo;s play area, modern living, and luxe lobby.

Urban takes a look at five new developments on the market under $500,000 for investors hoping to get ahead of the anticipated demand.

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Melbourne’s five best apartments under $500k on the market now

Established in 1975, Hamilton Marino Builders is an experienced and dynamic multi-level apartment and commercial construction company.

One of Victoria&#39;s most experienced and sought-after multi-level apartment construction companies, the builders focus on finding alternative design methodologies to match the needs of developers and designers.

With close to 50 properties built by Hamilton Marino listed on Urban, below we take a look at the top seven that homebuyers can secure now.

1. <a href="https://www.urban.com.au/new-apartments/anthem-1-oshannassy-street-essendon" target="_blank">Anthem, Essendon</a> 
Address: 1 O&#39;Shannassy Street, Essendon VIC 3040 
Two-bedroom apartments from $555,000

[smartcode_project:default project_id=29880 project_image_fid=152706]

Delivered by Blue Earth Group, Anthem is the most recent development in the Moonee Valley&rsquo;s largest suburb, Essendon.

Comprising one, two and three-bedroom apartments, the project features central gardens, oversized floorplans and residents&rsquo; facilities.

The building, designed by CHT Architects, is set to include a world-class health and fitness centre, an abundance of entertaining spaces and five-star hotel service.

[smartcode_project:default project_id=29880 project_image_fid=152708]

Budding chefs and family cooks will enjoy experimenting in the functional kitchen, meticulously designed by an award-winning team and the celebrity chef, Adam D&rsquo;Sylva. &nbsp;

2. <a href="https://www.urban.com.au/new-apartments/mckn-236-jasper-road-mckinnon" target="_blank">MCKN, McKinnon</a> 
Address: 236 Jasper Road, McKinnon VIC 3204 
Two-bedroom apartments from $755,000

[smartcode_project:default project_id=4939 project_image_fid=152596]

The luxury development,&nbsp;MCKN&nbsp;is being developed by veteran developer Dealcorp, offering a Bayside lifestyle&nbsp;without carrying the expensive Bayside postcode.

Families have been snapping up the large apartments in the Glen Eira precinct, with just 41 apartments in two and three-bedroom configurations available in the boutique five-level complex.&nbsp;

Designed by Ritz &amp; Ghougassian, the development includes huge outdoor balconies and&nbsp;terraces and quality finishes and design, including natural stone, timber flooring and European appliances.&nbsp;

[smartcode_project:default project_id=4939 project_image_fid=152584]

Each apartment features&nbsp;at least one car space. Although residents can also enjoy the convenience of a train station that is only 500m away.

3. <a href="https://www.urban.com.au/new-apartments/walmer-649-victoria-street-abbotsford">Walmer, Richmond</a> 
Address: 649 Victoria Street, Richmond VIC 3067 
Two-bedroom apartments from $875,000

[smartcode_project:default project_id=3475 project_image_fid=150823]

Comprising 75 one, two, three and four-bedroom apartments, Salta Properties&rsquo; Walmer presents a riverfront residence that sits as a natural extension of its surrounds.

Designed by Bates Smart and landscapers Taylor Cullity Lethlean, the home features generous outdoor living, native landscaping and inviting apartments.

Each light-filled residence includes an open-plan kitchen, carved stone benches, curated Gaggenau and BORA appliances and integrated fittings.

[smartcode_project:default project_id=3475 project_image_fid=150820]

The development features a well-stocked library, business centre, communal wine cellar and on-call chef and concierge.

4. <a href="https://www.urban.com.au/new-apartments/4248-42-claremont-street-south-yarra">4248, South Yarra</a> 
Address: 42 Claremont Street, South Yarra VIC 3141 
Two-bedroom apartments from $648,000

[smartcode_project:default project_id=3353 project_image_fid=30131]

Located at 42 Claremont Street, 4248 has been designed to make modern living a bigger and better experience.

Developed by DealCorp, the project features a collection of one, two and three-bedroom residences, contemporary design and sculptural public space at street level.

[smartcode_project:default project_id=3353 project_image_fid=90647]

Plus Architecture have brought their approach to life at the project, with an extravagant lobby, floor-to-ceiling windows, expansive open-living spaces and city views.

5. <a href="https://www.urban.com.au/buildings/the-gentry-29-41-william-street-alexandria">The Gentry, Alexandria</a> 
Address: 29-41 William Street, Alexandria NSW 2015 
Three-bedroom apartments from $2,175,000

[smartcode_project:default project_id=6859 project_image_fid=38844]

The latest inner-west offering from the Thirdi Group, the Gentry consists of 37 designed terraces with an untouched heritage-listed fa&ccedil;ade.

Designed by SJB and Lawless Meyerson, each home spans four, boasting three bedrooms, two bathrooms and a private rooftop garden terrace with a barbeque entertainment area and spa.

The interiors are a response to the warehouse-style architecture and feature porcelain benchtops, large outdoor courtyards and luxury kitchen features.

[smartcode_project:default project_id=6859 project_image_fid=38847]

Other features to enjoy at the Gentry include a private single lock-up garage, a custom wine cellar and an expansive wardrobe that includes concealed desk space.

6. <a href="https://www.urban.com.au/new-apartments/gadsden-268-adderley-street-west-melbourne">Gadsden, West Melbourne</a> 
Address: 268 Adderley Street, West Melbourne VIC 3003 
Two-bedroom apartments from $626,000

[smartcode_project:default project_id=22344 project_image_fid=54329]

Developed by&nbsp;PDG Corporation, Gadsen provides residents with a lifestyle that perfectly balances community ambience and rich culture within close proximity to Melbourne CBD.

The project features a collection of 188 residences, including one, two and three-bedroom apartments, as well as exclusive townhouses wrapped in a historic fa&ccedil;ade.

[smartcode_project:default project_id=22344 project_image_fid=54334]

Rising 11 storeys, these buildings reflect the history of West Melbourne while appealing to residents with functional spaces, local character and modern finishes.

Designed by DKO Architecture, the homes include floor-to-ceiling windows, private balconies, prime city views and recessed LED downlights.

7. <a href="https://www.urban.com.au/buildings/the-grove-1-5-olive-york-way-brunswick-west">The Grove, Brunswick West</a> 
Address: 1-5 Olive York Way, Brunswick West VIC 3055 
Two-bedroom apartments from $540,000

[smartcode_project:default project_id=1168 project_image_fid=16988]

Consisting 325 apartments across nine floors, Blue Earth Group&rsquo;s latest Melbourne residence showcases superior style and functionality.

The Grove is comprised of three buildings designed by MAP Architecture and Adele Bates Design Studio, showcasing style and everyday living solutions.

Each home features natural materials, engineered timber floors, stone benchtops and boast access to numerous amenities to encourage a social lifestyle.

[smartcode_project:default project_id=1168 project_image_fid=28632]

Among these include a health club, business centre, landscaped spa and private lounge.

Established in 1975, Hamilton Marino Builders is an experienced and dynamic multi-level apartment and commercial construction company

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