Where some see only rain clouds, Molti sees the potential rainbows—and the pots of gold at the end of them.

While much of Victoria’s development sector has adopted a wait-and-see approach amid challenging market conditions, the boutique developer is moving decisively.

The company’s recently filed plans for six luxury townhouses at Armadale in Melbourne’s south-east, another contrarian bet on the city’s premium residential market—one that Molti managing director Ben Teague believes will pay dividends as market conditions improve.