Everlane’s Elevated Workplace Appeal
The chic Cremorne development responds to demand for commercial design and innovation.
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.
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.
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.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Capital cities lead the way as median home values see clear upswing
2 min
Home values continue their upwards trajectory, recording the strongest monthly growth in 18 months, CoreLogic data shows.
The property data provider reports that their Home Value Index has noted a third consecutive rise in values in May, accelerating 1.2 percent over the past month. This is on the back of a 0.6 percent increase in March and 0.5 percent rise in April.
Sydney recorded the strongest results, up 1.8 percent, the highest recorded in the city since September 2021. The fall in Sydney’s home values bottomed in January but have since accelerated sharply by 4.8 percent, adding $48,390 to the median dwelling value.
Melbourne recorded more modest gains, with home values increasing by 0.9 percent, bringing the total rise this quarter to 1.6 percent. It was the smaller capitals of Brisbane (up 1.4 percent) and Perth (up 1.3 percent) that reported stronger gains.
CoreLogic research director Tim Lawless said the lack of housing stock was an obvious influence on the growing values.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3 percent lower than they were at the same time last year and -24.4 percent below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market.
“Amid increased competition, auction clearance rates have trended higher, holding at 70 percent or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
Vendor discounting has been a feature in some parts of the country, particularly prestige regional areas that saw rapid price rises during the pandemic – and subsequent falls as people returned to the workplace in major centres.
The CoreLogic Home Value Index reports while prices appear to have found the floor in regional areas, the pace of recovery has been slower.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centred in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
