The Canopy

The Canopy: Short-stay investment in South Melbourne, VIC

Under-construction high-rise near South Melbourne Market, Crown and the CBD, with guest-facing amenities that can lift ADR and appeal to multiple traveller segments; completion targeted for mid 2026.

Investor highlights

• 1–3 bedroom residences suited to solo travellers, couples and small families.
• Under construction; estimated completion mid 2026.
• Amenities to boost ADR: rooftop onsen-inspired spa, BBQ and alfresco dining, rooftop garden, and a landscaped park with an urban Miyawaki forest.
• Operations-friendly: smart access and home automation for streamlined self check-in; EV charging and an e-mobility hub for guest convenience.
• Demand drivers on the doorstep: South Melbourne Market, Crown Melbourne and the CBD.
• Consider: short-stay use may be subject to City of Port Phillip and strata bylaws—confirm prior to purchase.

Location drivers

• Address: 272–280 Normanby Road, South Melbourne VIC 3205.
• Near South Melbourne Market, Crown Melbourne and the Southbank precinct.
• Fast access to the CBD and major transport links.
• Within the City of Port Phillip LGA.

Why this project could work for short stays

The Canopy brings 213 residences across 19 levels to South Melbourne, developed by Gamuda Land with design by Hayball and OCULUS. The biophilic landscape, rooftop garden and park create differentiated marketing appeal for guests who want green space near the city.

For operations, smart access and home automation support efficient self check-in and in-stay control. EV charging and an e-mobility hub cater to modern traveller needs. Communal amenities—onsen-inspired spa, BBQ and dining—are attractive to weekenders and business travellers alike, helping justify stronger nightly rates than basic stock. Sustainability targets (5 Star Green Star and 7.8 average NatHERS) may resonate with eco-minded guests.

Construction is underway with completion targeted for mid 2026, allowing time to plan furnishing, listing setup and management.

Next steps

Request the brochure and an STR suitability check for The Canopy, and confirm current availability and pricing.

Disclaimer

This is general information only and not financial or legal advice. Short-stay use may be subject to council and strata rules and building management; verify requirements and approvals before purchasing or listing.