1 | - | 0 | 74,560 - 127,926
1 | - | 1 | 99,412 - 149,247
1 | - | 2 | 99,412 - 149,247
1 | - | 3 | 130,357 - 149,247
2 | - | 0 | 74,560 - 138,587
2 | - | 1 | 99,412 - 149,247
2 | - | 2 | 99,412 - 149,247
2 | - | 3 | 130,357 - 149,247
3 | - | 0 | 74,560 - 138,587

South Melbourne

Enquire Now
245 Normanby Rd, South Melbourne
 - 
South Melbourne
Walking distance from the market. Surrounded by Melbourne’s best parks and pubs. A short tram ride to the city, and the beach.
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Studio Apartments

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from $443 per week
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What's included in every 

1 Bedroom

More than just an apartment our thoughtfully designed shared spaces extend your living area well beyond your front door.

from $443 per week
Washing machine & dryer
Washing machine & dryer
Big Dishwasher
Big Dishwasher
Fridge
Fridge
Induction cooktop
Induction cooktop
Spacious private balcony
Spacious private balcony
No items found.
from $572 per week
Artist Impression

What's included in every 

2 Bedroom

More than just an apartment our thoughtfully designed shared spaces extend your living area well beyond your front door.

from $572 per week
Washing machine & dryer
Washing machine & dryer
Big Dishwasher
Big Dishwasher
Fridge
Fridge
Induction cooktop
Induction cooktop
Spacious private balcony
Spacious private balcony
No items found.
from $572 - $599 per week
Artist Impression

What's included in every 

2 Bedroom

More than just an apartment our thoughtfully designed shared spaces extend your living area well beyond your front door.

from $572 - $599 per week
Washing machine & dryer
Washing machine & dryer
Big Dishwasher
Big Dishwasher
Fridge
Fridge
Induction cooktop
Induction cooktop
Spacious private balcony
Spacious private balcony
No items found.
from $750 per week
Artist Impression

What's included in every 

3 Bedroom

More than just an apartment our thoughtfully designed shared spaces extend your living area well beyond your front door.

from $750 per week
Washing machine & dryer
Washing machine & dryer
Big Dishwasher
Big Dishwasher
Fridge
Fridge
Induction cooktop
Induction cooktop
Spacious private balcony
Spacious private balcony

Eligibility Criteria

To qualify for affordable housing with Storey, applicants must meet the following criteria:

Primary applicant is 18 years or older.
Prove Idenity
All household members are Australian citizens or permanent residents.
Have a need for housing necessary to relieve distress or disadvantage.
The rent advertised is not more than 30% of the gross household income.
Satisfactory pass employment and rental history checks.
Combined taxable income falls within the income limits - refer
to Table 1.
Household members must not own or be part owner of any property or assets which could help resolve their own housing need - refer to Table 2 for asset limits.

Income and asset limits for renting at 

South Melbourne

These income limits are based on Income Tax Assessment (Build to Rent Developments) Determination 2024.

Applicants cannot own or part own a residential property that could reasonably meet their housing need; and have a large amount of liquid assets that would enable them to secure suitable housing themselves.

Liquid assets can include the following (but not limited to): cash, bank accounts, shares, and family investments.
Annual
ANNUAL COMBINED TAXABLE income limits
Household Composition
Income Limits
Single
$75,536 to $125,424
2 or more adults living together
$75,536 to $135,876
1 or more adults with dependent children
$82,617 to $146,328
Assets of all applicants and household members combined
limits
Dwelling Type
Asset Limits
1 Bedroom
$130,000
2 Bedroom
$192,500
3 Bedroom
$335,500
Check Your Eligibility

Amenities

Spaces to exercise, create, work, relax and entertain. All included in your rent.
SM The gym
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The Gym
SM The Pool
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The Pool
SM The Cinema
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The Cinema
SM Bark Park
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Bark Park
SM Parcel Lockers
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Parcel & Post
SM The Games Room
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The Games Room
SM The Work Space
Artist Impression
The Work Space
SM Resident lounge
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Resident lounge
SM Private dining room
Artist Impression
Private dining room
SM Sauna and Steam Rooms
Artist Impression
The Sauna
SM Outdoor entertaining spaces
Artist Impression
Outdoor entertaining spaces
SM Yoga & Pilates Studio
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Yoga & Pilates Studio
SM Golf Simulator
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Golf Simulator
SM secure Building Access
Artist Impression
Secure Building Access
SM The Pool
Artist Impression
The Pool
SM The gym
Artist Impression
The Gym
SM Sauna and Steam Rooms
Artist Impression
The Sauna
SM Yoga & Pilates Studio
Artist Impression
Yoga & Pilates Studio
SM Private dining room
Artist Impression
Private dining room
SM The Cinema
Artist Impression
The Cinema
SM The Games Room
Artist Impression
The Games Room
SM Resident lounge
Artist Impression
Resident lounge
SM Golf Simulator
Artist Impression
Golf Simulator
SM Parcel Lockers
Artist Impression
Parcel & Post
SM secure Building Access
Artist Impression
Secure Building Access
Discover

South Melbourne

South Melbourne sits in a rare sweet spot. Close to the city. Close to the bay. Close to the market, cafés, parks and restaurants. More life, close by.
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Sip and Savor:
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TRAM - Montague St/Light Rail
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BUS - Montague St/Normanby Rd
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Brown Boys Cafe
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Port Melbourne Primary School
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Port Phillip Specialist School
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Station Street Trading Co.
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South Melbourne Primary School
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Bangkok Grill by Smile Thai
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The Fruiterer’s Wife
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Jimmy The Saint
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Chop Melbourne
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Port Melbourne Medical
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The Tipsy Cow - Cocktail Tapas Bar & Beer Garden
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Woolworths South Melbourne
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The Alfred
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Local: South Melbourne
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Foxtrot Cafe
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Southgate Medical
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The Royal Melbourne Hospital
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Core Dental South Melbourne
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Next Door
To Coles Local
75
metres
To 109 Tram
8
min tram
To Port Melbourne Beach
12
min walk
To South Melbourne Market
10
min tram ride
To Southern Cross Station
15
min walk
To South Wharf and the Yarra

Frequently asked questions

You’ll find answers to some of our most commonly asked questions below. If you don’t see what you’re looking for, contact us on hello@storeyresidential.com.au or 03 9384 0012
Who is Local?

Local is a Melbourne-born build-to-rent developer, owner and operator. We design the buildings, own them and stick around to look after them.

The idea is simple: renting should feel like living somewhere, not camping there.

Am I eligible for a Storey apartment?

To apply, you'll need to be 18 or over, an Australian citizen or permanent resident and meet Storey's income, asset and housing need requirements.

When there are more eligible applicants than apartments available, Storey prioritises people experiencing housing stress or disadvantage, including those escaping family violence or experiencing housing insecurity.

Not sure where you fit? The Storey team can help you understand the criteria before you apply.

What is Local: South Melbourne?

Local: South Melbourne is a build-to-rent apartment building at 245 Normanby Road, with 406 homes made for renters.

You'll find:

• Leases from 6 months to 5 years

• Pet-friendly apartments (the pets are the best part)

• A full level of shared spaces, pool included

• A team on site who sort things when you need them

Because Local owns and manages it, things stay simple from the day you get your keys.

Who is Local and how are they involved?

Storey manages the application process, eligibility and your lease.

Local owns and manages the building, so once you've accepted an offer, we're the team you'll see day to day. We'll help you move in, look after the building and shared spaces and be on hand if you need support along the way.

What can I access as a resident?

The same things as everyone else who lives at Local South Melbourne.

You'll have access to the building's shared resident spaces, onsite team and resident events, along with the everyday benefits of living in a professionally managed rental community.

Need somewhere to work without sitting in your apartment all day? Head downstairs. Looking for a spot to unwind after work? You'll find plenty of those too.

What security and safety measures are in place?

Your safety matters.

The building has secure resident access, monitored entry points and CCTV in shared areas. Entrances and common spaces are well lit, and our onsite team is there if you ever need assistance.

Small thing. Big difference when you're coming home at the end of the day.

How long can I stay?

Storey offers lease terms of up to five years, with the option to choose a shorter lease from 12 months.

The aim is to provide greater stability than many traditional rental arrangements while still giving you flexibility if your circumstances change.

Are pets allowed?

Yes. Pets are welcome, subject to approval and building guidelines.

If you've got a pet, the leasing team can talk you through the process when you apply.

Because home usually includes the four-legged members of the household too.

How do I apply?

1. Complete the pre-qualification questionnaire and register your interest.

2. Attend an information session, open day or virtual tour.

3. Complete the full application form.

4. Submit your supporting documents.

5. Storey reviews your application and confirms eligibility.

6. If successful, you'll receive a housing offer.

The Storey team will guide you through each step.

Contact us