Aware Real Estate begins two Melbourne housing developments

Aware Real Estate has begun its housing developments at Queens Road, in Melbourne’s inner south, and Preston in the city’s north, according to Investment Magazine.

It aims to add more than 700 homes to the city’s housing market.

With a construction value of A$320 million ($206 million), the two projects will lift the number of homes in Aware Real Estate’s Melbourne portfolio to more than 930 across four sites. Developments at the Preston and Queens Road developments are expected to be complete in early and mid-2026, respectively.

Aware Real Estate is owned by industry superannuation fund Aware Super.