Prestige Property: 3804/439 Collins Street, Melbourne VIC
Lofty living in the heart of Melbourne’s CBD.
Lofty living in the heart of Melbourne’s CBD.
Spread over two dramatic levels inside Melbourne’s landmark residence, the Collins Arch, comes the luxurious ‘Penthouse 3804’.
Located in the centre of Melbourne’s CBD, the penthouse arrives with 371.5sqm of internal living and a further 113.5sqm located on the external terrace. Throughout the 3-bedroom, 3-bathroom, 4-car garage residence, full-height windows take in the views of Melbourne’s skyline, with the accommodation arranged to maximise the availability of natural light.
With the interiors designed by Woods Bagot, the penthouse sees the use of ambient natural stone, oak flooring underfoot, brushed nickel finishes and custom joinery throughout.
Entering through the lower-level formal entry, complete with private lift, the penthouse extends to a formal living area with the aforementioned north-facing views of Melbourne’s skyline alongside heady swathe of built-in cabinetry and a marble fireplace.
Taking the spiral staircase, which is carved from marbled stone (no-less), sees one arrive at the primary upper-level living.
The residences upper level is split into two distinct pods. Here, the bedrooms encompass the entire eastern wing of level 39. The master suite offers commanding views and direct terrace access alongside further bespoke cabinetry and decadent ensuite. There is a further two bedrooms found here.
Elsewhere, the intelligently zoned living areas features a beautifully appointed kitchen complete with a Cote d’Azure marble used for the splashback and island bench alongside a butler’s pantry.
Marble also adorns the bathrooms throughout the residence while feature lighting is understood to be sourced from local brands, with bathroom feature lights from Articolo and kitchen pendant by Rakumba.
There are perks to being on the top, with the Arch privy to a three-level atrium style rooftop skygarden atop the building – which the penthouse has direct access to.
Further mod-cons within the $1.2 billion build include a 25-metre swimming pool, gym, yoga room, wine cellar, entertaining lounge and terrace (not that you’ll need that), and two private dining or conference rooms.
Located in the heart of the CBD, there is unsurpassable connectivity to the city and its surrounds.
The listing is with Colliers Sam Nathan (+61 4 075 552 922), price guide $7.85m; collinsarch3804.com.au
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
Buyers are moving there in their droves while existing residents know they’re on a good thing
The Australian housing market is rapidly evolving, with new research revealing changing activity in regional and city areas.
The latest Regional Movers Index from the Commonwealth Bank showed the exodus from Australian cities to the regions is significantly exceeding pre-COVID movements, sitting at 19.8 percent higher. Even more revealing is data which showed relocations are 1.8 percent up on the average recorded during the height of the lockdowns. At the same time, people in regional areas are staying put.
The report is a partnership between the Commonwealth Bank and the Regional Australian Institute. RAI CEO Liz Ritchie said the regions have become the permanent home of choice for more Australians.
“The inter-regional migration index —which tracks regional to regional relocations — has fallen by 5.1 percent, suggesting that more regional residents are content to stay where they are. With the continuing strong jobs market across regional Australia, increasing city property prices and ongoing cost-of-living pressures, it’s no surprise the regions remain desirable,” Ms Ritchie said.
She said this had significant implications for planners, with a better understanding of infrastructure needs required by planners.
“Regional Australia is truly the nation’s new frontier. There are so many opportunities in our regional communities, but likewise we know there are challenges. Housing for example remains a key ongoing concern in many communities,” she said. “Regional Australia is growing and for that to continue we need adequate foundations. The time to lay them is now.”
Among the areas to benefit from this shift over the past quarter was the Hunter Valley city of Maitland in NSW which saw a 3.4 percent increase in net migration from the cities and other regional areas. Long seen as the less desirable locale in the wine growing region, Maitland has attracted more buyers looking for an affordable home with lifestyle benefits. CBA Executive General Manager Regional and Agribusiness Banking Paul Fowler said it was an area on the rise.
“There is significant development happening around Maitland, with extensive land releases for residential, industrial, commercial and retail fuelling strong employment and construction industry opportunities,” Mr Fowler said.
“Maitland is also set to benefit from major investments in the area including the nearby Newcastle Airport which will welcome international flights from 2025, further enhancing the region’s accessibility and economic profile.”
And while Melbourne property prices continue to experience a lull, it’s a different story outside the capital, with regions closer to main city centres performing particularly well.
“A move to regional Victoria remains on trend among those relocating, with the state’s regional areas experiencing the largest surge in popularity in the 12-month period to September 2024, with its share of net regional inflows rising from 21 percent to 30 percent,” Mt Fowler said. “Trending scenic LGAs like Queenscliffe on the coast, as well as Moira, Wangaratta and Strathbogie located further north, offer attractive and more affordable lifestyle opportunities for many Australians.
“With more corporate employers setting up or relocating to Geelong, Queenscliffe’s proximity to Greater Geelong and the Melbourne CBD means more regional Australians can enjoy diverse employment opportunities while living in a beautiful location with enhanced lifestyle opportunities.”
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.