Brighton beachfront project sets new Victorian off-the-plan apartment record
Two penthouses have eclipsed the previous Victorian benchmark for off-the-plan apartment sales, highlighting demand at the top end of Melbourne’s prestige market.
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Two penthouses at a luxury beachfront development in Melbourne’s Brighton have set a new Victorian benchmark for off-the-plan apartment sales, with the transactions achieving a blended internal rate of almost $50,000 per square metre.
Developer-builder Lowe Living said the sales at its $160 million Maison Savoy project achieved about $49,926 per square metre, surpassing the previous identified Victorian record set by Como Toorak in 2025, which transacted at $46,659 per square metre, according to Cotality data.
The record comes less than two months after Maison Savoy launched to market, with around 30 per cent of the project’s residences already sold and about $45 million worth of apartments transacted.
Two of the development’s three penthouses have now been secured by buyers.
Located on the site of the former Brighton Savoy Hotel at 150 The Esplanade, the project will comprise a collection of house-sized apartments overlooking Port Phillip Bay.
Residences range from 295 square metres and have been positioned as an alternative to prestige beachfront homes for buyers seeking a lock-up-and-leave lifestyle.
The project is being developed by Lowe Living, which recently marked its 10th anniversary and now has a development pipeline exceeding $1 billion, alongside a $350 million construction pipeline.
The development also reflects a growing emphasis on wellness amenities in the luxury apartment market.
Planned facilities include a private residents’ bathhouse featuring hydrotherapy pools, a sauna, steam room, salt room, cold plunge and treatment spaces, alongside a Technogym studio, concierge services and residents’ lounge.
Construction began earlier this year and is expected to be completed in early 2028. One penthouse remains available for sale, along with a limited number of two- and three-bedroom residences starting from $3.75 million.
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Set on one of the city’s last absolute riverfront sites, The Riversdale by Mosaic combines irreplaceable waterfront ownership with one of Brisbane’s most significant residential opportunities.
This Vaucluse duplex is one of only six residences enjoying a never-to-be-built-out position above the Pacific.
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Considered one of Sydney’s coastal gems, Vaucluse is famous for its multimillion-dollar water views. Only a handful of homes, however, have the luxury of an uninterrupted panorama over Diamond Bay Reserve looking directly out to the Pacific Ocean horizon.
The dramatic cliff-top park is a sought-after neighbour and a popular spot among locals, thanks to its breathtaking boardwalk that snakes through the exclusive suburb.
Once home to a dairy depot, the green space was formerly frequented by horse-drawn carts rather than today’s SUVs. It was gazetted to be a public space by the mid-1800s.
Craig Ave is a rare slice of Eastern Suburbs real estate bordering the elevated Diamond Bay parkland, where just half a dozen residences can claim that never-to-be-built-out front row position.
Back in 2015, the original bungalow at number five was replaced with a contemporary pair of residences, allowing for a duo of homeowners to lay claim to the enviable outlook.
On the ground floor, the three-storey property is freestanding to the north and has a spacious, free-flowing living zone that combines a more formal front lounge room with a state-of-the-art gas kitchen featuring induction cooking and a vast eat-at island bench.
A dining area and casual living space spill out via sliding doors to a covered barbecue deck and private lap pool surrounded by established gardens.
Up via an internal lift, the accommodation level houses four bedrooms with built-ins, including two with integrated desks. In the primary suite, there is a palatial ensuite featuring a bidet, bathtub and twin vanities.
This main bedroom also opens onto a full-width balcony, with the ocean outlook primed for picturesque sunrises.
Built with entertaining in mind, the Vaucluse home also has a lower ground-floor breakout space for teenagers or movie nights for the parents. The large rumpus room adjoins a combined bathroom and laundry with loads of additional under-house storage and direct access to the double lockup garage.
Added extras at the Craig Ave home include a fireplace in the family room, tiled living areas, floorboards in the bedrooms, bespoke joinery throughout and ducted air-conditioning.
The Vaucluse duplex is not only sitting opposite a stunning cliff-side reserve, but is within walking distance of Christison Park, Diamond Bay Bowling Club and the Macquarie Lighthouse, with Vaucluse boutiques and eateries just 750 metres away.
For more information email propertyconcierge@kanebridge.com.au
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