28 October 2025
Wingate has partnered with Kincrest to deliver The Osment, a thoughtfully designed mixed-use development in the heart of Greville Village, Prahran. Positioned between parkland tranquillity and the vibrancy of inner-city life, The Osment offers boutique apartment living in one of Melbourne’s most desirable suburbs.
Spanning eight levels, the development integrates premium residences with boutique office spaces and curated retail offerings. Residents will have access to a suite of amenities, including a rooftop pool, gym, sauna, cinema, and a Residents’ Lounge.
For many downsizers, the move from a traditional family home to a premium apartment is less about compromise and more about lifestyle enhancement. These buyers are seeking spacious, low-maintenance homes that offer both privacy and community, often in locations that keep them close to family, culture, and services.
“Downsizers with equity are driving strong demand for larger, luxury apartments, despite rates per square metre often exceeding $20,000–$25,000,” said Andrew Perkins, Director of Research, Property. “A shortage of premium stock continues to support pricing in this segment.”
The Osment also appeals to buyers seeking a secondary residence – a city base that complements a regional lifestyle. These purchasers are drawn to the convenience and comfort of a lock-and-leave apartment that connects them to Melbourne’s cultural and professional life.
“This project responds to a clear and growing demand for high-quality living in a well-connected, lifestyle-rich suburb,” said Jamie Kay, Executive Director, Property at Wingate. “The luxury apartment market in Melbourne’s most prestigious suburbs continues to show resilience and long-term appeal.”
As the apartment market evolves, Wingate remains focused on delivering projects that reflect the values and aspirations of today’s discerning buyers.