Green Light For Greystar's BTR Melbourne Project
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Green Light For Greystar’s BTR Melbourne Project

Construction is set to commence early 2022.

By Terry Christodoulou
Mon, Sep 13, 2021Grey Clock < 1 min

Australia’s build-to-rent sector just received a powerful shot in the arm with US developer Greystar receiving the green light on its latest Melbourne project.

Set to be the country’s largest BTR project, the $500 million project in the upmarket local of South Yarra, in Melbourne’s inner east, hopes to start building in early 2022.

Greystar has put together a $1.3 billion fund, of which this development is the first.

Comprising of 625 apartments the South Yarra project is one of two projects in the Greystar Australia Multifamily Venture 1 fund. The fund has ambitions to build 5000 or more dwellings.

The project has procured the talents of renowned architecture firm Fender Katsalidis in South Yarra’s Forrest Hill precinct, the project will see two towers over a combined basement, ground-level retail and laneway links to South Yarra train station.

The first 30-storey tower, located on Yarra Street, is to be comprised of 382 apartments and 2000sqm of office space while the second 21-storey building on Claremont Street will house 243 apartments.

The commencement of the project is in line with a 50% land tax break for BTR projects that is due to commence net year under a state government incentive.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au