Milieu's Elsternwick Gardens development gains momentum following successful VIP launch
The priciest townhouse to sell on Melbourne's second weekend in lockdown was at 41A Fifth St, Parkdale.
The four bedroom offering secured $2.01 million, well above its $1.5 million to $1.6 million price guide.
It came with a striking cedar-clad facade.
The contemporary town residence was built by Waldecon Builders within an easy walk of the village.
It came with oak floors, Caesarstone kitchen, alfresco patio complete with infra-red heaters and a dedicated study with workstation.
There was a second living area on the upper level marketed as "sought-after inclusions for today’s families."
It was on one of beachside Parkdale’s prized numbered streets, having first sold in 2017 at $1.48 million after its design by Elevation7 Architects.
Other townhouse sale notifications in Melbourne included 18A Gladhall Avenue, Thornbury which sold pre-auction in May at $1.8 million.
The 18A Fulton St, St Kilda East townhouse sold at $1,645,000 on a Zoom auction through Buxton last Thursday.
Its price guide had been $1.4 million to $1.47 million. It last sold at $1,112,500 in 2013.
It was marketed as having sumptuous style from its current vendor, an interior designer.
Three sets of French doors unfold to a series of sun filled entertaining decks cocooned in the perfectly private gardens.
CoreLogic calculated there was a 63 percent success rate from 625 apartment and townhouse auction offerings.
The success rate from the 2066 houses was 76 percent.
Sydney apartment vendors saw a 70 percent success rate compared to Melbourne's 56 percent.
There were 312 offerings across Sydney compared to 268 across Melbourne.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey