Aug 25, 2026 – 5.00amProperty developer Abadeen has turned its attention to Melbourne’s luxury market where it believes dwellings are undervalued, prices are ready to surge and downsizer demand is strong, launching an $87 million inner-city project.Founded in Sydney in 1999, nearly one third of Abadeen’s $1.3 billion pipeline of projects under construction are in Melbourne, just two and a half years after establishing an outpost in the Victorian capital.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles