Steller news and views
Keep up to date with the latest news from the Steller team
Steller’s Managing Director, Nicholas Smedley, recently attended the Urban Development Institute of Australia (UDIA) Apartment Research Breakfast. Over the past few years, economists and analysts said 2016 would be the year that the Melbourne apartment market would be hit with “oversupply” but according to research released at the event, apartment projects commencing in Melbourne fell by a third last year.
“The research definitely challenges the perception of oversupply risk in Melbourne’s apartment market,” said Danni Addison, Chief Executive, UDIA. Further information about the research can be found here:
The property industry is fast-paced and demanding, which can leave real estate agents racing against the clock to keep up. A recent Domain article outlined tips from Melbourne’s top industry professionals on how to have a productive year in 2017.
Steller’s Project Sales and Marketing Director, James Cirelli, gave some sage advice, telling Domain that its important agents get to know their clients;
“Understanding your clients largely enhances productivity and ultimately sells properties. Once a client inquires about a project or property, gather as much detail as possible regarding their preferences and specifications.” Read full article here:
According to industry experts, buying an off-the-plan townhouse or apartment is a suitable alternative for those priced out of Melbourne’s house market. First home buyer Gerry Sakkas recently purchased an apartment in one of Steller’s new developments and says that buying off-the-plan was the easiest way for him to get into the property market.
Gerry and Steller’s project sales and marketing director, James Cirelli, spoke to RealEstate.com.au about buying off-the-plan. Read the full article here:
Steller has been announced as a finalist in the 2017 Property Council of Australia Rider Levett Bucknall Innovation & Excellence Awards. Leigh Apartments is a finalist in the Award for Best Residential Development in Victoria. The national winners will be announced at the annual Gala Dinner held in Sydney on Friday 5 May.
Leigh Apartments in Bentleigh was settled in November 2016. The bold development on the corner of Bent and Ward Streets comprises of 41 large-format apartments across four levels. The two and three bedroom apartments epitomise Steller’s signature style of spacious, modern and elegant residences.
The Haven Foundation was formed in 2006 with the aim to raise funds and provide housing for people with mental illness.It recognises that those living with mental Illness need hope to act as a trigger for recovery. Steller has proudly been in association with the foundation for more than 6 years. Providing project and event support, the joint undertaking between Steller and The Haven Foundation has made independent living for minority groups a reality today.
Provided you’re in the right suburb, chances are when you peer over your back fence you’ll be looking at a Steller project under construction. The Carnegie-based outfit has made a habit of targeting suburban Residential Growth Zones with low-rise apartment projects – and very successfully.
The Riversdale Road lifestyle in Hawthorn East is proving too good to resist for home buyers. There are many well-known streets that make up Melbourne’s road network, although, it could be argued, none are as recognisable as Riversdale Road.
The Vinnies CEO Sleepout in Melbourne was a huge success with more than $600,000 raised for charity. More than 200 Victorians in senior management positions took part, braving the cold weather including Steller’s own, James Cirelli.
Steller has decided to take a step forward by increasing our minimum Green Star energy ratings from four stars to seven stars. We have previously been incorporating a multitude of sustainability features into our homes, however, we intend to take this to the next level for all upcoming developments.
For more information on our sustainability efforts: www.steller.com.au/sustainability
Steller have today announced a funding deal with investment fund manager OCP to fund $800 million worth of projects, starting with a cornerstone development located in 427 – 455 Hampton Street, Hampton, which was purchased for $16.5 million. The site will comprise of a number of ground floor specialty shops along with around 60 2 and 3 bedroom apartments.