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There is a huge demand for residential solutions, houses and apartments in all of the major Australian cities, especially Melbourne. Actually, demand for residential places is so great that it constantly outstrips the supply of the quality spaces, and there aren’t [...] DOCKLANDS next major apartment tower is set to take shape at 815 Bourke Street. Vivas Lend Lease this month announced plans to develop Serrata, a 15-level, 144-unit complex, between Victoria Harbour and the Yarra River. A Vivas Lend Lease representative says the development provides an opportunity for Generation Y “first home buyers” with a desire for city living to get into the market. [...] THE Youth Hostels Association of Victoria is offloading a 56-room backpacker hostel at 76 Chapman Street, in North Melbourne. The existing three-level building is expected to arouse interest from developers who may propose a higher density project for the 1023 square metre site, possibly with a component of public housing. Alternatively, according to Teska Carson director Larry Takis, the existing building could be reconfigured into standard “own your own” apartments, and then onsold. [...] |
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