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Property Observer Code of Conduct

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A 19th Century gothic palace in Ballarat is up for June 14 tender.
The <a target="_blank" href="https://www.prdballarat.com.au/displayproperty?c=26610&amp;t=R&amp;o=80">home of the first bishop of Ballarat Diocese at 1444 Sturt Street in Ballarat</a> previously had an asking price of $6.5 million.
The heritage-listed property, set on 14,500 square metres, was built in 1873 as the new headquarters for the Ballarat Diocese and its first bishop, Dr Michael O’Connor.
It was designed by Melbourne architect Joseph Reed of Reed and Barnes for £6000. Reed also designed the State Library of Victoria and the Collins Street Independent Church.
Despite being built almost 150 years ago, the two-storey bluestone mansion is in good condition, allowing its new owners to live in it “as is”, said Neil Jens at PRD Nationwide Ballarat.
“It’s only ever had the ecclesiastical church and this family that bought it from about 20 years ago so it’s been beautifully cared for over the years,” he said.
The house features original finishes such as mahogany balustrades on the staircase, a private chapel with an altar of Italian marble with the arms of the then-pope and a two-level cast iron verandah with ecclesiastical designs.
The heritage listed property includes a wine cellar, a formal dining room that seats 50, formal sitting room and library.
While the property’s former life is a piece of of history, the architecture of the property is not typical of its era.
“It’s quite an unusual design of the time...It was built in a gothic style but it was built in the Victorian times,” said Jens.
The six-bedroom six bathroom palace also has modern luxuries including a spa pavillion, barbecue area and home gym, which was formerly the maids’ living quarters.
The castle can be reached by a winding driveway through a lush garden on the three and half acre block. The grounds include a water feature, rotunda and cubby house on its open paddock.
The property is one block from Lake Wendouree which hosted the rowing and canoeing events for the 1956 Summer Olympics.
While there has been limited interest in the property so far, those that have been drawn to the palace has “fallen in love with the home” for residential purposes, not just for its history said Jens.
Jens and Rob McClure are seeking tenders until June 14.
Joseph Reed's buildings include the classical State Library of Victoria (1856), Collins Street Independent Church (1867), Frederick Sargood's Rippon Lea Estate (1868) and Melbourne Trades Hall (1873).
The median house price in <a target="_blank" href="/news">Ballarat</a> is $315,000.
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Bishop's Palace Ballarat: trophy home listing

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PRDnationwide has selected five townships in order to investigate property investment in Australia’s mining towns - with each town defined by diverse regional environments, population sizes, mining activities, level of infrastructure and services, proximity to regional service centres and community establishment.
Perhaps the only commonality shared between these mining towns is the shortfall of housing and the inadequate provision of infrastructure and planning mechanisms to accommodate an ever increasing workforce. The table below provides the list of townships that have been selected for the purpose of this investigation together with a snapshot of the individual housing markets performance during the six months to April 2011 and 2012.
<table width="372" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" rowspan="2" width="19%">
 
 
Township
</td>
<td valign="top" rowspan="2" width="12%">
 
 
State
</td>
<td valign="top" colspan="2" width="34%">
Apr-11 HY
</td>
<td valign="top" colspan="2" width="34%">
Apr-12 HY
</td>
</tr>
<tr>
<td valign="top" width="21%">
Median Price
</td>
<td valign="top" width="12%">
Total Sales
</td>
<td valign="top" width="21%">
Median Price
</td>
<td valign="top" width="12%">
Total Sales
</td>
</tr>
<tr>
<td valign="top" nowrap width="19%">
Moranbah
</td>
<td valign="top" nowrap width="12%">
QLD
</td>
<td valign="top" nowrap width="21%">
$459,500
</td>
<td valign="top" nowrap width="12%">
84
</td>
<td valign="top" nowrap width="21%">
$730,000
</td>
<td valign="top" nowrap width="12%">
129
</td>
</tr>
<tr>
<td valign="top" width="19%">
Dysart
</td>
<td valign="top" nowrap width="12%">
QLD
</td>
<td valign="top" nowrap width="21%">
$450,000
</td>
<td valign="top" nowrap width="12%">
42
</td>
<td valign="top" nowrap width="21%">
$545,000
</td>
<td valign="top" nowrap width="12%">
38
</td>
</tr>
<tr>
<td valign="top" width="19%">
Port Hedland
</td>
<td valign="top" nowrap width="12%">
WA
</td>
<td valign="top" nowrap width="21%">
$1,100,000
</td>
<td valign="top" nowrap width="12%">
31
</td>
<td valign="top" nowrap width="21%">
$1,235,000
</td>
<td valign="top" nowrap width="12%">
23
</td>
</tr>
<tr>
<td valign="top" width="19%">
Singleton
</td>
<td valign="top" nowrap width="12%">
NSW
</td>
<td valign="top" nowrap width="21%">
$345,000
</td>
<td valign="top" nowrap width="12%">
82
</td>
<td valign="top" nowrap width="21%">
$377,000
</td>
<td valign="top" nowrap width="12%">
111
</td>
</tr>
<tr>
<td valign="top" width="19%">
Karratha
</td>
<td valign="top" nowrap width="12%">
WA
</td>
<td valign="top" nowrap width="21%">
$767,000
</td>
<td valign="top" nowrap width="12%">
45
</td>
<td valign="top" nowrap width="21%">
$802,500
</td>
<td valign="top" nowrap width="12%">
54
</td>
</tr>
</tbody></table>
 <table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="21%">
 
 
Township
</td>
<td valign="top" colspan="2" width="39%">
Annual Change
</td>
<td valign="top" colspan="2" width="39%">
Avg. Annual Growth Rate
</td>
</tr>
<tr>
<td width="21%">
 
</td>
<td valign="top" width="21%">
Median Price
</td>
<td valign="top" width="17%">
Total Sales
</td>
<td valign="top" width="15%">
5yr Growth
</td>
<td valign="top" width="23%">
10yr
Growth
</td>
</tr>
<tr>
<td valign="top" width="21%">
Moranbah, QLD
</td>
<td valign="top" nowrap width="21%">
58.9%
</td>
<td valign="top" nowrap width="17%">
53.6%
</td>
<td valign="top" width="15%">
15.2%
</td>
<td valign="top" width="23%">
38.1%
</td>
</tr>
<tr>
<td valign="top" width="21%">
Dysart, QLD
</td>
<td valign="top" nowrap width="21%">
21.1%
</td>
<td valign="top" nowrap width="17%">
-9.5%
</td>
<td valign="top" width="15%">
11.4%
</td>
<td valign="top" width="23%">
32.8%
</td>
</tr>
<tr>
<td valign="top" width="21%">
Port Hedland, WA
</td>
<td valign="top" nowrap width="21%">
12.3%
</td>
<td valign="top" nowrap width="17%">
-25.8%
</td>
<td valign="top" width="15%">
17.1%
</td>
<td valign="top" width="23%">
20.1%
</td>
</tr>
<tr>
<td valign="top" width="21%">
Singleton, NSW
</td>
<td valign="top" nowrap width="21%">
9.3%
</td>
<td valign="top" nowrap width="17%">
35.4%
</td>
<td valign="top" width="15%">
5.3%
</td>
<td valign="top" width="23%">
10.3%
</td>
</tr>
<tr>
<td valign="top" width="21%">
Karratha, WA
</td>
<td valign="top" nowrap width="21%">
4.6%
</td>
<td valign="top" nowrap width="17%">
20.0%
</td>
<td valign="top" width="15%">
7.4%
</td>
<td valign="top" width="23%">
15.6%
</td>
</tr>
</tbody></table>
 
Prepared by PRDnationwide Research: Source: PDS Live
Of the five mining towns, Moranbah achieved the highest median price growth during the April 2012 half-year period, recording an unprecedented 58.8% increase compared with the corresponding period in 2011. The town also led the way is sales activity, registering a total of 129 transactions during the April 2012 half-year period, representing an exceptional 53.6% uplift from the corresponding period in 2011.
Dysart failed to achieve this level of exponential growth, despite having a proximate median price to Moranbah in the April 2011 half-year period. Somewhat overshadowed, Dysart in fact performed extremely well, recording a median price of $545,000 to achieve 21.1% growth during the April 2012 half-year period. Sales volumes however, diluted 9.5% during the six months to April 2012, registering a total 38 transactions.
Port Hedland recorded a median house price of $1,235,000 in the six months to April 2012, undoubtedly the highest median price of all regional mining towns across Australia. With a median price of $1.1 million in the April 2011 half-year period, it is hard to believe that there was any scope in the market to inflate prices further, making the 12.3% increase all the more remarkable.
Singleton recorded a median house price of $345,000 in the April half-year period, making it the most affordable of the five mining towns. As a result the town is gaining momentum, with a 9.3% increase in median price and uplift of 35.4% in sales recorded during the six months to April 2012.
Karratha (including adjoining Nickol and Bulgarra) recorded a median price of $802,500 in the April 2012 half-year period, representing a 4.6% increase from the corresponding period in 2011. Again, while this rate is well below that achieved from the Queensland towns, Karratha is a more established township, and in relative terms, this level of growth from a median price of $767,000 in the April 2011 half-year period is nonetheless very impressive.
There is no doubt that regional mining towns across Australia are producing extraordinary investment opportunities for investors, particularly those with the financial capacity and risk appetite to enter the market. As with any property purchase or investment vehicle, lucrative returns from investing in these mining towns are directly proportionate to the overwhelming level of inherent risk.
The most prominent risk is the sensitivity of rental prices to change drastically over extremely short periods of time. Moranbah provides a perfect case in point, with anecdotal evidence suggesting weekly rental prices as at April 2012 have revised down as much as $800 since the late 2011/ early 2012 and possibly much more since then. Rental evidence provided by the Residential Tenancy Authority (RTA) states the median weekly rent for a three-bedroom house in the March 2012 quarter to be $2,000, compared with $550 recorded over the same period in 2010. This scenario has and continues to occur within the other mining towns, with the constant disequilibrium between housing supply and demand transpiring to excessive volatility in the rental market.
There are many factors that contribute to demand for housing, with the most obvious and most detrimental being the performance of the mine/mines that the town services. This is very much the case for Moranbah, with BHP Billiton-Mitsubishi Alliance (BMA) issuing statements to overseas dependants that it will will fail to meet requirements as the mines experience limited production during what has been a bad wet season (November to April). This has been further exacerbated by rolling weekly strikes by miners as BMA goes hard on its enterprise agreement with the unions. BMA has taken advantage of the situation and has refused to sign any lease agreements since earlier in the year. Vacancies have thus increased and rents corrected accordingly, with only the fortunate investors with unexpired lease agreements unaffected at this point in time.
Another example, possibly more severe, was the closure of an underperforming mine (BMA’s Norwich Park) in April 2012 near Dysart, which sent shock waves throughout the local community, with 1,400 jobs threatened and the flow-on effects to the property market yet to be fully realised. Approximately 400 of these workers are residents of the Dysart community, and some will be redeployed to the Saraji mine, while others will likely relocate to other towns or centres in the region.
As an immediate result, it is anticipated that vacancy levels will increase, therefore correcting rental prices and subsequent capital values. Some investors will wear their losses and maintain their prospects for further growth while others will consolidate their earnings and opt to exit the market. Once again, as prices soften, opportunities will arise for investors to take advantage of high rental yields and enter a market they perhaps couldn’t afford previously. However, as has been the case for Moranbah, the influx of investors looking capitalise on such an opportunity will flood the market with more rental properties, putting further pressure on rental prices and ultimately diluting these supercharged yields.
Despite the sensationalist predictions of some media proponents, the size of pipeline expansions for existing mines in the Dysart area is likely to navigate the property market from an imminent bust. In fact, the number and size of mines planned to open or expand in the Isaac Region of Queensland in the future will surely prevent towns like Moranbah and Dysart experiencing a collapse in the market any time soon.
Perhaps the most significant problem facing mining towns in the future is the expansion of campsites to accommodate a growing fly-in fly-out (FIFO) workforce in order for mining companies to reduce their cost base. Basically, the benefit of this strategy to the resident community of the town is that it will effectively drive rents and subsequent capital values in the housing market down to more affordable levels, preventing non-mining workers who perhaps are renting from being priced out of the market and forced to relocate. However, on the other hand, the added strain on essential services caused by the lack of direct investment from mining companies and local governments into adequate community infrastructure and businesses, demonstrates a more cynical consequence.
The lure of higher pay packages offered by the mines is aggravating the problem as many business struggle to maintain enough staff to operate efficiently, if not at all. The implications of a growing FIFO workforce have been debated among industry, politicians, lobbyists and community for quite some time now. There are advocates both for and against increasing the proportion of FIFO workers in and around town, with the decision likely to be resolved with government intervention. Either way, this is yet another factor which must be closely monitored by would-be and existing investors of mining towns.
For investors with short-term investment horizons and an appetite for risk beyond the norm, then this may be the ideal time and asset class to invest. However, for a majority of would-be investors, perhaps the next best thing would be to consider the major regional centres that service these remote mining towns. Gains may not be as lucrative or as quick to come by, but the long-term sustainable growth prospects afforded by these multi-industry centres (most of which are independent of the mining boom though indirectly benefit from its growth and success) are perhaps the better weighted investment. Many spectators will be paying special attention to the towns of Moranbah and Dysart during 2012; using the benefit of hindsight to measure and validate the repercussions and extent certain events have on their property markets.
Aaron Maskrey is research director at <a target="_blank" href="https://www.prdnationwide.com.au/">PRDnationwide</a>.
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Property investors without an appetite for risk should consider major regional centres rather than mining towns

Hampton's High Street offers the best of both worlds; halfway between Hampton Beach and Hampton Station, with a myriad of cafes and shops on its doorstep.

It was this unbeatable combination of convenience and connectivity that attracted Nash Project Management to secure a prime site on the corner of Hampton and Holyrood Streets several years ago.

The result is <a href="https://www.apartments.com.au/buildings/holyrood-hampton-451-461-hampton-street-hampton-vic-3188">Holyrood &amp; Hampton</a>, a newly completed residential development comprising 59 premium apartments set above a full-line Coles supermarket, enhancing the day-to-day ease for residents.

&nbsp;

[smartcode_project:default project_id=4629 project_image_fid=1530]

Those who have already moved into Holyrood &amp; Hampton have highlighted several standout features of their new home, with the location topping the list.

Hampton Station on the Sandringham line (Zone 2), is just down Hampton Street, offering regular services to Flinders Street Station. Multiple bus routes connect to Southland, St Kilda, and Berwick, while scenic cycling paths along the bay provide a relaxing alternative for commuters and weekend riders.

A short walk west leads to Picnic Point and Hampton Beach, beloved for its clean sand and family- and dog-friendly spaces. Ferdinando Gardens, near the pier, is perfect for picnics, while coastal walking trails offer peaceful views and breezes.

The surrounding green spaces—Castlefield Reserve, Triangle Gardens, and Hampton High Reserve—offer playgrounds, sports fields, and a sense of calm. Golfers have several options nearby, including Brighton Public Golf Course just a short drive away.

&nbsp;

[smartcode_project:default project_id=4629 project_image_fid=1528]

Hampton Street remains the heart of the community, with more than 50 fashion boutiques, cafés, and eateries. A Woolworths anchors the retail strip, while independent shops help maintain its village charm.

Health and community services are easily accessible, with local GPs, dental clinics, and the nearby Sandringham Community Hospital, supported by larger hospitals in Brighton and Cheltenham.

Families are well catered to, with top private and public schools within a 1–2 km radius. These include Haileybury College, St Leonards College, Firbank Grammar, Brighton Grammar, Hampton Primary, and Brighton Secondary College.

&nbsp;

[smartcode_project:default project_id=4629 project_image_fid=1532]

The apartments have been designed for longevity, with spacious, home-like layouts. Many include butler’s pantries, oversized kitchen islands, and quality finishes.

Additional features such as a rooftop terrace, EV charging, secure storage, and direct supermarket access support a highly functional and low-maintenance lifestyle.

Designed by Telha Clarke, Holyrood &amp; Hampton reflects how people want to live today—connected, walkable, and move-in ready.

[smartcode_project_cta:default project_id=4629]

Those who have already moved into Holyrood & Hampton have highlighted several standout features of their new home, with the location topping the list.

Joel Robinson

Holyrood & Hampton presents a walkable, Bayside lifestyle in the heart of Hampton

Developer Keylin is putting its mark on the booming Spring Hill property market, one of the strongest markets in Queensland which is being driven by the announcement that the heart of the Brisbane 2032 Summer Olympics will be developed in the small northern Brisbane suburb.

Well-regarded in the development industry, with several completed and planned projects across Brisbane and the Gold Coast, Keylin has just launched <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, a collection of 132 residences across 15 levels in an elevated position on Gregory Terrace, directly opposite Victoria Park, the future site of the Games.

[smartcode_project:default project_id=109146 project_image_fid=1014]

<h3 data-end="628" data-start="610">The Apartments</h3>

The two, three, and four-bedroom apartments feature an Art Deco-inspired design, with curved stone kitchen islands, brass textures, and bold interior colours and patterns. Durable mineral stone benchtops come as standard, while the skyhomes feature natural stone.

[smartcode_project:default project_id=109146 project_image_fid=1078]

There are two colour schemes available for buyers to choose from: the bold Victoria scheme, or the more neutral Gregory scheme.

Each apartment offers open-plan living and dining areas, as well as a large, covered balcony to embrace Brisbane's subtropical lifestyle. The living spaces are designed with full-height glazing to maximize views over Victoria Park and the Brisbane CBD.

<h3 data-end="1305" data-start="1288">The Amenities</h3>

Leaning into its Olympic location, Keylin is introducing unique amenities that cater to changing lifestyle requirements.

[smartcode_project:default project_id=109146 project_image_fid=1018]

Much like the shift developers made during the pandemic to include study nooks and multi-purpose rooms in response to the work-from-home trend, Keylin has responded to the growing popularity of pickleball. Oria will feature a proposed private pickleball court as part of its facilities, one of the first courts in a new residential development across the country.

Pickleball participation has surged in Australia from 2023 to 2024. In 2023, Pickleball Australia Association (PAA) had over 7,300 members, with an estimated 25,000 casual players nationwide. By 2024, PAA membership had grown to 15,166, with nearly 93,000 participants across the country.

[smartcode_project:default project_id=109146 project_image_fid=1031]

In addition to the proposed pickleball court, Oria will offer a range of proposed amenities within its rooftop pool and terrace level, including a cinema, music and games room, private dining spaces, and a gym with a steam room, sauna, and yoga space, as well as an off-leash dog area.

<h3 data-end="2353" data-start="2337">The Location</h3>

Keylin understood the prime value of this location long before the announcement that Victoria Park would be the heart of the 2032 Summer Olympics.

The address at 447 Gregory Terrace provides residents with easy access to major transport links, universities, and hospitals.

Of course, the future growth of the area will be anchored by Victoria Park, the 64-hectare green space just across the road. The park will be transformed with the construction of a 63,000-seat stadium, which, after the Olympics, will become home to the Brisbane Lions, Brisbane Heat, and Queensland Bulls.

[smartcode_project:default project_id=109146 project_image_fid=1023]

Just 200 meters from Oria, the new National Aquatic Centre will replace the former Centenary Pool.

Additionally, the nearby RNA Showgrounds, just 700 meters away, will undergo an upgrade to include a 20,000-seat outdoor arena.

Keylin has already commenced construction on Oria, which is being delivered by builder CoStruct.

[smartcode_project_cta:default project_id=109146]

Keylin Group launches Oria in Victoria Park, Spring Hill Olympic precinct

<a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a> has teamed up again with Mitsubishi Estate Asia (MEA),and Nippon Steel Kowa Real Estate (NSKRE) to deliver a luxury residential development at their recently acquired Liverpool Street site on Hyde Park.

The acquisition of the site at 175 Liverpool Street, which is subject to conditions precedent, is intended to be developed as two luxury residential towers with up to 300 apartments for sale and 2,000 square metres of retail and commercial space, subject to planning consents. It will have a development end value of more than $2.5 billion.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="64046de8-dce1-4e7f-9505-06ef4437364c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2006-min.jpg?VersionId=bfsiXEXMClymct.ZHzXSSnoizQ2WZZhZ" />

Under the terms of the agreement, MEA will take a ~33 per cent equity share in the joint venture, and NKSRE a ~17 per cent share.&nbsp;

Centrally located in Sydney’s CBD at the southern end of Hyde Park, residences at 175 Liverpool Street will offer north-facing expansive views across 16 hectares of green space through to the Opera House and Sydney Harbour.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="5a4def90-5fea-4431-84b0-996d3418a601" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2005-min.jpg?VersionId=ccv3yi6X88348qBlzcJByWJXZegu.ngf" />

The project builds on Lendlease’s strong success in Sydney’s luxury residential market and marks the seventh partnership between Lendlease and MEA; previous and current projects include One Sydney Harbour, One Circular Quay and One Darling Point in Sydney, and East Tower residences at Melbourne Quarter.

It also marks the second venture between Lendlease and NSKRE, with build-to rent development 899 Collins at Victoria Harbour in Melbourne currently in delivery.

Construction of 175 Liverpool Street is targeted to commence in 2027.

Tom Mackellar, CEO Development, Lendlease,&nbsp;said the&nbsp;acquisition of 175 Liverpool Street "builds on our success in Sydney’s luxury residential market, as we continue to add to our development pipeline in Australia.”

“We look forward to working alongside our trusted development partners, Mitsubishi Estate Asia and Nippon Steel Kowa Real Estate, on this landmark development in one of Sydney’s most sought-after locations.”

Lendlease announces partners for its $2.5 billion luxury development on Hyde Park

Brisbane developer Zen Group has received development approval for its dual-tower apartment project in West End.

The approved plans for&nbsp;<a href="https://www.apartments.com.au/new-apartments/24-duncan-street-west-end-qld-4101">24 Duncan Street</a>&nbsp;are for&nbsp;two 17-storey towers comprising 202 apartments, ranging from one-bedroom plus study configurations through to three-bedrooms.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/bettspartners">Betts + Partners</a>, the development is grounded in a climate-responsive and contextually sensitive approach, aiming to reinforce the emerging identity of the West End Riverside South precinct.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Duncan%20Street.png?VersionId=.A9VkekWac99LJ7L8mqewo7AAsg4Vwb_" />

“The contextual design strategy is to celebrate the qualities found within the established <a href="https://www.apartments.com.au/developments/west-end-qld-4101">West End</a> suburban character,” Betts + Partners noted in the Architectural Design Report, “providing elevated high-quality subtropical apartment living with exceptional communal recreational amenity.”

The project includes a 2,600 sqm rooftop offering a comprehensive suite of resident amenities: three pools, a fitness centre, cinema room, private dining rooms, lounges, a library, and wellness facilities including hot and cold plunge pools, pilates, a sauna and a contemplative garden.

On the ground plane, active retail frontages along Duncan and Rogers Streets will sleeve ground-floor services and visitor parking. The two-level podium integrates green walls, planters, and textured façades, contributing vertical greenery and softening the street interface.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Duncan%20Street%20rooftop.png?VersionId=MzXW0hkOghQmE0HLxzI5iUwNNY6OfrVa" />

Apartments are oriented for privacy and outlook, with operable glazing and brise soleil elements supporting passive climate control. Balconies and structural articulation are designed to optimise light, airflow and private open space. “Each quality is reinterpreted in the sectional and plan parti and manifest in the three-dimensional building expression,” the architects said.

Located within a three-minute walk of the Brisbane River and in close proximity to local amenities including ALDI and Davies Park, the project reflects West End’s growing appeal to owner-occupiers seeking proximity to lifestyle amenity and urban vibrancy.

The development also aligns with Brisbane City Council’s broader planning vision to become a “New World City” by 2031, promoting a globally recognisable subtropical lifestyle through contextually responsive design.

[smartcode_project_cta:default project_id=146254]

200 "climate-responsive" apartments set for West End as Zen Group given green light

The ever-growing Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has commenced construction on its third project this year.

The new $640 million development, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a>&nbsp;in Crows Nest, is Deicorp's&nbsp;first foray into Sydney’s Lower North Shore and will deliver 188 apartments in a new landmark building, with 48 dedicated to Affordable Housing.

Since December, <a href="https://www.apartments.com.au/builders/deicorp-construction">Deicorp</a> has commenced construction on four projects in total that will deliver over 2,000 homes, maintaining their track record of quickly converting development approvals into commencements.&nbsp;

<img alt="Falcon &amp; Alexander" data-entity-type="file" data-entity-uuid="f17b79a0-db7b-48bc-835f-e9b3e3117561" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.13%E2%80%AFPM.png?VersionId=.UKl.uSBs9zOeElc6jNUeuBB8EMAD5HP" />

&nbsp;

Located a five-minute walk from the new Crows Nest Metro station, prominently positioned at The Five Ways on Pacific Highway, Falcon &amp; Alexander will deliver an exclusive collection of architecturally designed one, two and three-bedroom apartments, with prices starting from $1.3 million.

Conceived by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, Falcon &amp; Alexander will create a vibrant vertical village in the heart of one of Sydney’s most connected neighbourhoods. Thoughtfully arranged around a central atrium and lush communal gardens, residences will enjoy panoramic views over Sydney Harbour and the Lower North Shore, with interiors designed for modern, light-filled living.

Residents will benefit from premium amenities, including a resident-only skygarden, and boutique retail and dining spaces on the ground floor, all integrated with the local urban fabric.

&nbsp;

With the Crows Nest Metro station just steps from home, residents will enjoy unrivalled connectivity across Sydney’s transport network, placing everything from world-class dining to premier education and healthcare within easy reach.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="292460e8-2bc9-47c5-8805-cf59570972a2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.22%E2%80%AFPM.png?VersionId=UUerYKJzOGzpXyDv1nMlrV_oi6lUyiMS" />

Deicorp Founder Fouad Deiri said Falcon &amp; Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore.&nbsp;

“This is a community we deeply respect, and we’re proud to contribute with a project that reflects the character, energy, and potential of Crows Nest,"&nbsp;Deiri said.

“This is an iconic location, and a great location deserves a great design. With Falcon &amp; Alexander, we’re delivering more than just apartments; it will be a new landmark for Crows Next that not only delivers housing but will benefit the community with an activated retail offering."

[smartcode_project_cta:default project_id=135323]

Deicorp Founder Fouad Deiri said Falcon & Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore

Aaron Maskrey

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