News & Insights
Any negativity around living in high-density dwellings in Australia during the height of the pandemic has been replaced by the desire for cutting-edge design, exceptional views and glamorous interiors.
These aren’t cookie-cutter condos, instead they feature five-star concierge services, private plunge pools and unique floor plans often larger than a typical Australian house.
With low supply of prestige property in almost every corner of the country, and a continued flow of foreign and returning expat investment into Australia, the upper end is weathering the storm better than the wider market.
Tim Lawless, head of research at property data firm CoreLogic Australia, said although housing values are dropping across the board, the priciest homes are holding their own.
“The most noticeable easing in value falls can be seen across the premium end of the housing market,” he said.
These brand new apartments are in a category of their own, meeting the modern needs of both local and international buyers in Australia’s most coveted locations…
Residences rather than just apartments, the boutique block of 22 homes at Society Armadale is underway by luxury-residential builder Krongold Construction. Located in one of Melbourne’s most exclusive suburbs, Society features unique individual floor plans created by CHT Architects with interiors by Sora and gardens by landscape architect Jack Merlo.
Combining high design with technology, the project blends an exterior of concrete, travertine and steel with interiors featuring rich natural materials like timber floors, stone and marble surfaces plus a focus on light with a purposeful connection to the landscape.
Natural and eco-friendly design elements include grand planters on the terraces, wide floor-to-ceiling windows, and a communal 6,604-gallon rain tank, solar panels and EV chargers. It was also influenced by modern European minimalist architecture and inspired by the world’s luxury hotels with the inclusion of a concierge service to take in deliveries and laundry, plus around-the-clock security.
Each property has private outdoor terraces—three of which have their own swimming pools.
Sitting 4.4 miles southeast of Melbourne’s CBD, Armadale is a quiet suburb bordering the city’s most expensive enclave of Toorak. Sales launched in January and the project is anticipated to be complete in 2024.
Number of Units: 22
Price Range: A$1.8 million to A$16.5 million
Developer/Architect: Bensons Property Group/CHT Architects
Residence Sizes: Two-, three- and four-bedroom apartments
Amenities: There is a concierge, parcel lockers, external solar blinds, home automation, EV chargers, as well as dog wash and car wash bays.