Sherridon Homes Launches Essence Collection, Making Homeownership More Affordable Than a Sydney Parking Space

Sherridon Homes, one of Victoria’s largest homebuilders, has launched its most affordable home range yet, proving that in 2025, you could own a brand new home for less than the price of a Sydney car park.

With homes starting from just $169,700 (in metro estates), including the $10,000 FHOG, the Essence Collection has been purposefully designed to make getting onto the property ladder within reach for more Australians. It’s a bold move in a market where a single car park in Sydney’s Bondi Beach recently sold for over $300,000 and another for $249,000 in Elizabeth Bay. In comparison, a car park in East Melbourne recently fetched $80,000.

Pas Garofalo, Director of AHB Group, the parent company of Sherridon Homes, said that when housing affordability is one of Australia’s biggest challenges, the Essence Collection offers a genuinely attainable solution.

“We’re delivering real homes with thoughtful design and flexible upgrade options, without the bloated price tags or unnecessary extras.

“Buyers will only have to pay for what they actually want and need. At Sherridon, we’ve curated different home collections to suit different life stages, from the Homestead range - our large lifestyle home product, catering to second-home buyers and upsizers to the new Essence collection, which is purpose-built for Australians taking their first step into home ownership,” he said.

The range includes a variety of single and double-storey designs with each home including the essential features modern buyers expect: open-plan living, generous bedrooms, and alfresco areas, with the option to personalise finishes, fixtures, and appliances through affordable upgrade packs.

According to CoreLogic, the median house price in Melbourne remains above $900,000 – making Sherridon’s entry-level $169,700 offering one of the most accessible pathways to homeownership in the state.

With available land lots across Melbourne from $270,000, first-home buyers could build a home for less than $440,000 within metro Melbourne.

Each home in the Essence Collection is backed by Sherridon’s lifetime structural warranty, offering long-term peace of mind, enduring quality, and the same trusted standard as the rest of the Sherridon Homes range.

The Essence Collection is available now across metro and regional Victoria.

To learn more about Sherridon Homes and its offerings, please visit www.sherridonhomes.com.au.