Everlane’s Elevated Workplace Appeal
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Everlane’s Elevated Workplace Appeal

The chic Cremorne development responds to demand for commercial design and innovation.

By Sponsored Content
Thu, Jun 24, 2021 3:20pmGrey Clock 2 min

As the Melbourne suburb of Cremorne continues to urbanise, developer CostaFox has responded to the need for a ‘different’ kind of office space with a designer collection of premium strata office spaces, Everlane.

Boasting architecture by Fieldwork and interiors by Mim Design, Everlane brings together aesthetics and amenity in a 9-storey premium strata office development. Here, office spaces range from 68sqm to a whole floor at 613sqm.

The upper levels of Everlane enjoy views of Melbourne’s CBD, Richmond, South Yarra and beyond, with flexible floor plates allowing customisable office layouts. All offices enjoy natural ventilation and 3.45m typical ceiling heights with floor-to-ceiling wind glazing.

Everlane’s Elevated Workplace

Upon entry, the café and pocket park acts as the transition between bustling commercial precinct beyond and the curated offices within.

Michael Fox, of CostaFox Developments was intent on the final product offering a point of difference.

“Create something a little better, stand out from the crowd and be proud of our timeless projects. Everlane will do just that, we will create something better than the rest,” said Mr. Fox.

Everlane’s Elevated Workplace

In an effort to surpass modern standards, Everlane is replete with touchless entry, a digital directory – which allows for easy navigation of the building’s various owners, tenants and visitors – and a building manager which has capacity to complete tasks that may be traditionally reserved for an office manager.

Further, a number of ‘end-of-trip’ facilities have been designed to encourage corporate health and wellbeing for office workers. Here, Everlane offers bike storage over multiple levels, charging stations, change rooms, showers and lockers.

Elsewhere, the rooftop terrace is a destination in its own right, with BBQ facilities, and elevated views of greater Melbourne.

The office suites, which come with at least one secure car space, are listed through Colliers International agent Ben Baines, Ted Dwyer, Raphael Favas and Chris Ling.

Everlanecremorne.com.au

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House values continued to fall last month, but the pace of decline has slowed, CoreLogic reports.

In signs that the RBA’s aggressive approach to monetary policy is making an impact, CoreLogic’s Home Value Index reveals national dwelling values fell -1.0 percent in November, marking the smallest monthly decline since June.

The drop represents a -7.0 percent decline – or about $53,400 –  since the peak value recorded in April 2022. Research director at CoreLogic, Tim Lawless, said the Sydney and Melbourne markets are leading the way, with the capital cities experiencing the most significant falls. But it’s not all bad news for homeowners.

“Three months ago, Sydney housing values were falling at the monthly rate of -2.3 percent,” he said. “That has now reduced by a full percentage point to a decline of -1.3 percent in November.  In July, Melbourne home values were down -1.5 percent over the month, with the monthly decline almost halving last month to -0.8%.”

The rate of decline has also slowed in the smaller capitals, he said.  

“Potentially we are seeing the initial uncertainty around buying in a higher interest rate environment wearing off, while persistently low advertised stock levels have likely contributed to this trend towards smaller value falls,” Mr Lawless said. “However, it’s fair to say housing risk remains skewed to the downside while interest rates are still rising and household balance sheets become more thinly stretched.” 

The RBA has raised the cash rate from 0.10 in April  to 2.85 in November. The board is due to meet again next week, with most experts still predicting a further increase in the cash rate of 25 basis points despite the fall in house values.

Mr Lawless said if interest rates continue to increase, there is potential for declines to ‘reaccelerate’.

“Next year will be a particular test of serviceability and housing market stability, as the record-low fixed rate terms secured in 2021 start to expire,” Mr Lawless said.

Statistics released by the Australian Bureau of Statistics this week also reveal a slowdown in the rate of inflation last month, as higher mortgage repayments and cost of living pressures bite into household budgets.

However, ABS data reveals ongoing labour shortages and high levels of construction continues to fuel higher prices for new housing, although the rate of price growth eased in September and October. 

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