Glass Haus Preston

Glass Haus Preston is a boutique, 8.8‑star NatHERS–rated development of 57 architect‑designed luxury apartments, purpose‑built for both discerning owner‑occupiers and premium corporate/short‑term rental strategies. With high‑quality construction (no lightweight cladding), Miele‑appointed kitchens, stone benchtops and bespoke joinery, the building is engineered for durability, low maintenance and long‑term asset performance – ideal for investors seeking a resilient product that will stand out in rental and corporate accommodation markets.

Future‑ready features such as smart home automation, electric vehicle charging and ultra‑fast Lightning Broadband (up to 10x faster than standard NBN) support remote work, executive stays and longer‑term corporate leases, making apartments attractive to tenants who value technology and connectivity. Secure parking with number plate recognition streamlines access and enhances the guest experience for business travellers and short‑stay guests. Very competitive owners corporation fees, starting from approximately $1,950 per year for a 1‑bedroom, further support strong net yields.

Location is a major driver of occupancy. Preston is recognised as one of ME Bank’s Top Ten Australian investment suburbs, underpinned by strong transport links, local employment and ongoing densification. Glass Haus Preston boasts a Walk Score of 89, putting everyday amenity, dining and retail within easy reach, while tram #86 at the doorstep provides direct connection to the CBD and key employment nodes – ideal for corporate guests and visiting teams. The project sits moments from High Street, recently crowned the world’s coolest street by Time Out, with a rapidly evolving hospitality and nightlife scene that underpins consistent weekend and event‑driven demand.

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Rooftop amenities give operators a point of difference in a competitive STR market. Sweeping CBD views, barbecue and lounge areas, an exercise zone and a curated calendar of community events (yoga, rooftop movie nights and more) allow you to position apartments as a lifestyle‑led alternative to traditional hotels and older stock. This kind of amenity mix supports higher nightly rates and longer lengths of stay for both corporate relocations and premium short‑term bookings

For guest appeal and retention, the rooftop amenities are a standout. Residents and visitors enjoy sweeping CBD views, a barbecue and lounge area, an exercise zone, and a curated calendar of community events such as rooftop movie nights and yoga sessions. This resort‑style offering enhances the marketability of apartments for furnished rentals, relocations and executive stays, allowing operators to position the building as a lifestyle‑driven alternative to traditional hotels.

With construction around halfway complete and targeted for delivery in December 2026, now is a strategic window to secure stock off the plan. Recent Victorian stamp duty concessions provide additional upside, with potential savings of over $55,000 on qualifying purchases and zero stamp duty for eligible first‑home buyers on properties under $600,000, creating a compelling entry point for both private investors and corporate accommodation providers looking to anchor their portfolio in a high‑growth inner‑north location.

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