Property Experts Snap up Apartments in Melbourne’s Eastbourne

Many of Melbourne’s property industry heavyweights have snapped up apartments in the new luxurious East Melbourne ‘tower of power’, The Eastbourne.

Apartments in the parkside block were sold off the plan from 2016 onwards and have been settling recently.

Buyers include former prime minister Mr. Paul Keating, political commentator Mrs. Peta Credlin and high-profile lawyer Mrs. Liberty Sanger, Principal & Director Maurice Blackburn lawyers.

Settlements come amid concerns over the health of new apartment buildings, with defect issues making media headlines.

But the industry heavyweights’ have shown a vote of confidence in the development, which will boast hotel-style amenities such as a 24-hour concierge, pool, gym, spa, yoga-pilates room, private lounge, wine cellar, dining room, theatre room and a business centre.


Even buyers from other industries dropped sizeable payments on apartments at The Eastbourne.

An $8,951,400 residence sold to the Mr. Nigel Garrard, former chief executive of packaging giant Orora.

David Schultz bought a $10,758,325 home. Mr Schultz is a director of a private investment firm Schultz Capital and formerly ran ‘The Ridge Health Club’ in Eltham.

“What I love most about living in Eastbourne is the lifestyle, waking up to views of Fitzroy Gardens and the CBD feels like waking up in NYC and being on a constant overseas holiday,” Mr Schultz said in a statement.

Former Bensons Property Group national director of developments Brett Howlett, previously Mirvac development director, also purchased an apartment for $1,052,350.

Among the well-known property buyers, Grocon’s head of residential Christian Grahame, previously Mirvac’s national general manager of apartments, paid $1,052,350 for an Eastbourne apartment.


Mirvac’s head of residential Mr. Stuart Penklis spent $746,700. General manager of residential for Victoria Elysa Anderson paid $699,250. National construction director Jason Vieusseux, through a private company directed with Melissa Vieusseux, paid $757,750.

Mirvac’s former head of culture and reputation Marie Festa, now at communications firm Cato & Clegg, is listed as the buyer of a $4,140,244 apartment and another, $726,100 apartment.


The architects behind the project also showed a strong interest in owning the in-demand residences.

Bates Smart director Julian Anderson bought a $990,000 apartment. His fellow director Jeff Copolov spent $979,600 through a private company, while former chairman Roger Poole used his private vehicle to buy a $1,071,150 unit.

ME Bank director Christine Christian spent $2,985,100 through a private company.

The proud new owner of the $15 million+ penthouse is yet to be revealed.

Keep up to date

get updates on properties, news and more across Melbourne

More To Explore


Beef Rib Taco Recipe

Inspired by the Kansas City style of barbecuing and his love of flavors from the comfort foods of the southern United States, Lance closed his restaurant Rusk to embark on a new direction. One fueled by apple, oak and cherry wood. Many thought he had gone completely mad, even his wife. His love of BBQ

Insider Tips

Pros and Cons of investing in apartments

So you want to invest in real estate? Congratulations. It’s a big step and an exciting one. Real Estate has made many Australians wealthy and you could be the next real estate millionaire. With this post, we wanted to briefly touch upon the relative benefits of investing in apartments whilst also being realistic and looking

Insider Tips

Pets & Apartments: 6 Tips to Make It Work

Pets are an important part of the family. They can become an incredibly fulfilling part of your life. But having a pet when living in an apartment presents its own set of challenges. With this article, I want to share with you 6 tips that can help make apartment living with Pets work.  Speak with


Simple ways of making your apartment feel larger

Living in apartments for any amount of time can get you feeling cooped up, hemmed in, and craving the outdoors. Humans and nature are inseparable, no matter how much we’ve evolved. The earth, sky, sunshine, greenery, and air calm and refresh us. One of the most straightforward solutions if you can’t go out to nature

Looking for a property?

Search across Melbourne with Buy Melbourne Apartments

Sign in to see your favourite properties

Save your favourite properties and access them anytime. Your shortlisted properties will appear on this page.