The 234 Apartment

House-hunters are increasingly “wedging” Melbourne’s inner suburban real estate market by targeting a small number of quality homes while ignoring comparable properties , real estate agents say. The weekend auction market saw above- market prices paid for some well-located homes but comparable, if slightly inferior properties tended to underperform. The trend to highly divisive auction results for similar properties was demonstrated by two auctions in Fitzroy held an hour apart on Saturday. 80 Gore Street, Fitzroy, passed in at auction on the weekend. At one sale, four buyers fought hard for an unusually wide terrace house at 124 Victoria Street. Quoted by Nelson Alexander at $1.85 million to $2 million, the three- bedroom corner property , which has a renovated rear stables as a separate retreat, instantly attracted a $1.85 million offer from a buyers’ advocate representing a local family. The price rocketed to an on-the-market $2,040,000 and kept going until the house was s...

Apartment hunters may soon have another option when shopping for an affordable place to rent in Round Rock. The Round Rock City Council passed a resolution of non-objection last week allowing Pedcor , the developer of the Shadow Ridge Apartments , to move forward with efforts to receive state tax incentives to help develop the complex. Shadow Ridge Apartments " width="460" height="418" />Applicants must make 60 percent of the area’s median income, which is approximately $78,000, according to city of Round Rock Planning Director Brad Wiseman , in order to qualify for one of the 256 units planned for the development.  It will be located on the northwest corner of A.W. Grimes and Old Settlers Boulevard and will be one of only a handful of income- restricted apartment complexes in the city. “There is a huge need in this entire region and all across Texas,” said Craig Lintner, senior vice president of Pedcor, to the council during the meeting. Wiseman said th...

City Council has approved zoning changes clearing the way for as many as four three- storey apartment buildings and up to 51 multiple attached dwellings on a long, narrow lot at 3876 Queen Street East . The apartment buildings on the northern part of the lot near White Pines Collegiate and Vocational School would contain 60 dwelling units . The multiple attached dwellings would be on the southern portion of the property near Queen Street and Pinewood Public School . The new subdivision will have 51 metres frontage along Queen and extends back 514 metres . The northern part of the property has been flagged as having significant archeological potential and developer Paul Guindon (1890713 Ontario Inc.) will be required to conduct additional archeological assessment work before any soil disturbance or development is allowed. "The applicant is seeking some flexibility in determining the overall dwelling unit mix within this...