DARE breaks ground on St David Fitzroy project tipping Melbourne market rebound

DARE Property Group is accelerating its expansion into Victoria, commencing construction on its multi-million-dollar Saint David project in Fitzroy - a collection of 17 high-end residences priced from $1.3 million, with more than a third already sold. 

Designed by Cera Stribley with interiors by acclaimed Melbourne designer Fiona Lynch, the project signals the Sydney-based luxury developer’s growing confidence in Melbourne’s rebounding off-the-plan market and its commitment to delivering design-led residences in the city’s most sought-after inner-urban precincts.

Samssons has been awarded the build contract, and completion is slated for Q3 2027.

“The interiors embrace a balance of restraint and materiality. 

"The design responds to a tactile, textural quality, curating a dialogue between natural finishes and crafted details. 

Each space is carefully composed, offering three distinct palette options that remain grounded in warmth, depth, and artisanal craftsmanship,” said Fiona.

The group, which has an established footprint across Sydney, had been keenly watching the Melbourne market for further opportunities after completing its Zero Gripps project in Collingwood - a stone’s throw from the Saint David site.

Blair Property Group has been entrusted as the sales agent for the project, which has already seen strong interest – with six of the 17 residences now sold - underpinned by DARE Property Group’s stellar reputation across New South Wales.

DARE Property Group director Danny Avidan sees strong potential in the Melbourne market, where record-low prices, stamp duty concessions and consistently strong demand have created a key growth opportunity.

“We are actively growing our Victorian pipeline, and believe the fundamentals are strong across key Melbourne postcodes that we have had our eyes on for years.

"With Melbourne prices stabilising at record lows now is the time for buyers to return to the off plan
market, there has never been a better time to gain exposure on the imminent market rise.

“We were very inspired by Fitzroy as a locale, and have incorporated various design elements within Saint David that reflect the unique character that make it such a sought-after area,” Danny said.

Fiona Lynch has designed Saint David’s interiors to draw on Fitzroy’s much-loved urban fabric.

“Saint David is nestled within the heart of an urban neighbourhood. 

"This multi-residential development is conceived as a light-filled addition to the lively, residential-rich fabric of Fitzroy.

“Custom joinery and bold gestures elevate the experience, ensuring a unique point of difference for both residents and buyers. 

"St David represents a new generation of development, one that honours the character of its neighbourhood while introducing a quiet sophistication through a commitment to quality, detail, and connection to place,” Fiona said.

Saint David residences are currently on market.

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