<html><body>
The Victorian Greens have unveiled a 10-year plan to purchase 300 high-capacity trams costing $4.1 billion over the decade and furthermore announced $2.3 billion worth of tram route upgrades, as part of the 2018 state election campaign.

By prioritising the busiest tram routes, the Greens aim to rebuild stops with low-platforms similar to other parts of the network, noting the Disability Discrimination Act of 1992 requires 90% of the network to be accessible by 2017.  As of today, only 25% of the network has accessible tram stops.

Routes 109, 86, 58, 19, 11, 6 and 1 are the highest priority tram routes for upgrades.  These routes also travel through electorates where there are sitting Greens members or attracted a strong vote in the previous election.

<blockquote>
Melburnians love our trams, but right now too many of them are overcrowded, slow and un-accessible. We need investment right now to transform the network.

The busiest and most overcrowded routes will be upgraded first, with level access stops along the entire route, better separation from traffic and traffic light priority. It means better access, more reliability and a better experience for passengers.

The Greens' investment in new high capacity trams will also be on the track sooner by supercharging the manufacturing process right here in Melbourne.
<cite>Sam Hibbins, Greens spokesperson for Transport</cite>
</blockquote>

Route 109 from Box Hill to Port Melbourne has some accessible tram stops however like many other routes, they are inconsistent and predominantly exist only at high patronage stops outside the central city - such as Victoria Gardens in Richmond and at the eastern terminus in Box Hill.

Route 86 which along with the Mernda tram line, is the backbone of north-south public transport through Thornbury, Northcote and Clifton Hill, as well as the main route through Smith Street in Fitzroy, appears second on the list of priorities for investment.

One part of the pledge by the Greens is to manufacture 30 trams per annum in Victoria over 10 years, which accounts for the bulk of the money.  Bombardier are manufacturing E-Class trams in Dandenong however, the Green's policy pledge does not mention a specific manufacturer.

The Greens' statement cites an ABC report that outlines how Melbourne's trams are some of the slowest in the world.  The ABC <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-05-19/melbourne-trams-among-slowest-in-the-world/8541228">report</a> which in turn cites Yarra Trams' figures claims the average speed of a tram in Melbourne is 16kph outside of the inner city, and 11kph in the CBD.

Route 96 is an existing project that the Green's pledge cites as an example of how tram routes would be upgraded.  Entire routes would have level access/accessible tram stops, higher priority for trams at traffic lights and 'better separation of trams from general traffic' are <a href="https://greens.org.au/sites/default/files/2018-10/Transforming%20Melbourne%27s%20Trams.pdf">mentioned</a>. 

It is unclear whether route &amp; infrastructure upgrades will result in the removal of some or all on-street car parking on narrow roads.
</body></html>

Alastair Taylor

Victorian Greens unveil $6.4 billion tram network policy

<html><body>
Terry Rawnsley, principal &amp; partner at SGS Economics &amp; Planning, has completed an analysis that looks at the number of people living, working or undertaking tertiary education near the stations identified in the Andrews Government's proposed Suburban Rail Loop.

The report highlights how significant land-use planning work will be required - particularly along the route's northern flank - and on top of looking at the current state of play, SGS's report also flags certain geographical constraints the route of the Suburban Rail Loop may run into.

The title and question posed in the SGS report -  Will the $50 billion Suburban Rail Loop shape the Melbourne we want? - explains how 'city-shaping' projects can be justified and contrasts two viewpoints: the city we want versus the traditional predict and provide approach to transport planning.

<blockquote>
Major transport projects, like the Suburban Rail Loop, have the potential to reshape the pattern of city development and substantially shift the way businesses and households make choices about location.

What makes a city-shaping project? Generally speaking, a project needs to redefine land markets, housing markets and labour markets to be considered a city shaper. Over the past 25 years, city-shaping projects have played a crucial role in Melbourne’s transformation into a leading knowledge-intensive economy.

City-shaping projects are a powerful and, perhaps, the pre-eminent policy lever for determining city structure. Land use regulation through planning schemes and the like are more likely to play a supplementary role in managing urban development. Which means that city-shaping projects should be considered within the context of a preferred urban structure, that is, ‘creating the sort of city we want’ as opposed to following the more conventional ‘predict and provide’ philosophy where transport investment merely responds to demonstrated demand.
</blockquote>

Using a 2km buffer around each of the stations identified, SGS calculated that if the Suburban Rail Loop were in operation today, 270,600 jobs, 416,100 residents, 212,300 workers and 112,600 higher education students live/work/study in those catchments.

They're meaty set of numbers and the report breaks the SRL line in to three segments - South-East (<a href="/new-apartments/cheltenham-vic-3192">Cheltenham</a> to <a href="/new-apartments/box-hill-vic-3128">Box Hill</a>), North-East (Box Hill to the Airport), Western (Airport to <a href="/developments/werribee-vic-3030">Werribee</a>) - and through the analysis, SGS identified the South-East section as having over three quarters of the high-ed enrolments and half of all the jobs, population and workers for the entire line.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/sgs_srl_analysis_1.jpg" rel="gallery-all" title="Breakdown of population, jobs, workers and enrolled students around the Suburban Rail Loop - image: SGS Economics &amp; Planning"><img alt="" class="image-article-full-width-580px" height="235" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/sgs_srl_analysis_1.jpg?itok=COSnJ3So" title="Breakdown of population, jobs, workers and enrolled students around the Suburban Rail Loop - image: SGS Economics &amp; Planning" width="580"></a>

<figcaption>Breakdown of population, jobs, workers and enrolled students around the Suburban Rail Loop - image: SGS Economics &amp; Planning</figcaption></figure>In the North-Eastern section between Box Hill and the Airport, the report highlights possible geographical challenges for the route, specifically between Box Hill and <a href="/new-apartments/doncaster-vic-3108">Doncaster</a> as well as crossing the Yarra River between Doncaster and <a href="/new-apartments/heidelberg-vic-3084">Heidelberg</a>.

At street level, Box Hill station sits approximately 95m above sea level, Doncaster at 110m (the corner of Doncaster and Manningham Roads) but between the two points, the Eastern Freeway in the Koonung Creek Valley rests at 54m.  This suggests the station at Doncaster, if the entire route will be underground, will be very deep, unless a rail system that can handle 3-4% grades is ultimately chosen &amp; implemented to run the services.

SGS's report notes that the North-Eastern section has half the jobs and higher-education enrolments compared to the South-East section and singles out <a href="/new-townhouses/reservoir-vic-3073">Reservoir</a> and <a href="/developments/fawkner-vic-3060">Fawkner</a> as areas that require catalyst projects to maximise the land-use benefits around those two identified station interchanges.

The report also raises the question of whether the Monash NEIC on the South-East section should include two stations - one at the University campus and another near Ferntree Gully Road - in order to better serve the area.

A comparison is drawn between the South-East section of the Suburban Rail Loop and Sydney's Epping-Chatswood line which opened in 2009 and with stations at <a href="/new-apartments/epping-vic-3076">Epping</a>, Macquarie University, Macquarie Park, North Ryde and <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a>.  This tunnel is to be converted from mainline trains to the exclusive use of the first phase of Sydney Metro.

The reference to the Epping-Chatswood line is poignant as the report notes the patronage for the soon-to-be-converted line was running at 250% above the predicted patronage and it has similar characteristics to the South-East section of the Suburban Rail Loop - connecting universities (Macquarie versus Monash &amp; Deakin), major job nodes (Chatswood, North Ryde and Macquarie Park versus Monash NEIC, <a href="/new-apartments/clayton-vic-3168">Clayton</a>, <a href="/new-apartments/cheltenham-vic-3192">Cheltenham</a> and Box Hill) and emerging high-density residential precincts (Chatswood, Epping versus Box Hill &amp; <a href="/new-apartments/glen-waverley-vic-3150">Glen Waverley</a>).

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/sgs_srl_analysis_2.jpg" rel="gallery-all" title="Entries/Exits at Epping-Chatswood line stations - image SGS Economics &amp; Planning"><img alt="" class="image-article-full-width-580px" height="464" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/sgs_srl_analysis_2.jpg?itok=JeqSB9Av" title="Entries/Exits at Epping-Chatswood line stations - image SGS Economics &amp; Planning" width="580"></a>

<figcaption>Entries/Exits at Epping-Chatswood line stations - image SGS Economics &amp; Planning</figcaption></figure>For more information on the Suburban Rail Loop see the updated Strategic Assessment documents on <a href="https://bigbuild.vic.gov.au/__data/assets/pdf_file/0005/328901/Suburban-Rail-Loop-Strategic-Assessment-.pdf">bigbuild.vic.gov.au</a>

To read the SGS report, click <a href="https://www.sgsep.com.au/news/latest-news/will-50b-suburban-rail-loop-shape-melbourne-we-want">here</a>.
</body></html>

SGS Economics asks: will the Suburban Rail Loop shape the Melbourne we want?

<html><body>
I'm back from annual leave, and this week I sit down with Laurence to talk shop about all the Victorian Government's transport projects that were making headlines across August and September.  

This includes the Suburban Rail Loop, the AirRail Melbourne market-led proposal and of course, Melbourne Metro 2.

Please note, the podcast was recorded on the 20th of September.  As always subscribe to our weekly podcast through your favourite podcast app.

<iframe allow="autoplay" frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/505799940&amp;color=%23ff5500&amp;auto_play=true&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true" width="100%"></iframe>

 
</body></html>

Weekly Podcast: Episode 33 - Suburban Rail Loop and AirRail Melbourne

<html><body>
One of the more complex level crossing removal sites is set to get underway with the State Government announcing the Mernda railway line and new Reservoir station will be elevated above the intersection of High Street, Broadway, Spring Street, Cheddar Road and Edwardes Street.

Reference drawings published on the Level Crossing Removal Authority's website depict elevated platforms that sit further north compared to the existing at-grade platforms.

One such render also emphasises the new pedestrian links that will be created by elevating the station, connecting Edwardes Street and Broadway through two pedestrian crossings and the station forecourt underneath the new platforms.

According to the State Government, 'on average, 36,000 vehicles travel through the Reservoir level crossing each day with the boom gates down for 24 minutes during the morning peak. In the past decade there were three recorded collisions and one fatality plus 26 near miss incidents at this site.'

Work has begun with site establishment, geotechnical work and the relocation of services kicking off in earnest.  The level crossing removal is expected to be complete by 2020.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/reservoir3.jpg" rel="gallery-all" title="Reference design for the new Reservoir station. Image: LXRA"><img alt="" class="image-article-full-width-580px" height="416" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/reservoir3.jpg?itok=GSPlnKvP" title="Reference design for the new Reservoir station. Image: LXRA" width="580"></a>

<figcaption>Reference design for the new Reservoir station. Image: LXRA</figcaption></figure><h2>Comment</h2>

Reservoir is one of the locations mooted to include an interchange with the Suburban Rail Loop (SRL) - the election proposal by the Andrews Government to build an underground rail line from Cheltenham to the Airport and a mixture of surface and underground track between Melbourne Airport and Werribee.

Should the Andrews Government be re-elected, they have promised to invest in a business case for the SRL which will likely include a reference design for each of the proposed stations.

It's a safe bet the reference design for Reservoir will likely take further connections to an underground set of platforms into account - despite transferring passengers having to traverse at least 4 'levels' to move between platforms (Mernda Line platforms, surface/station entrance level, underground mezzanine, SRL platforms).  

Reservoir and Heidelberg stations would be the two interchange stations likely to see the most transferring passengers headed to the SRL's mooted station at La Trobe University and it will be interesting to see if there are any changes to the design of Reservoir should the Andrews Government be re-elected and pursue the SRL project.
</body></html>

Reservoir's level crossing removal set to get underway

<html><body>
The Planning Minister has approved an amendment to the Flinders Bank development to be located on the site of the former Convention Centre, which will pave the way for a St Regis Hotel and apartments to be built on site.

<a href="/news/century-group-lands-australias-first-st-regis-at-flinders-bank">In August Urban.com.au revealed that St Regis</a> had been signed on as the hotel brand and operator for the three tower development. The recent planning approval by the Planning Minister involved reducing the total number of private apartments down to 700. The original permit for the site allowed for 1060 dwellings.

A condition of the approval involved Century Group Aus committing to providing 20 units of affordable housing that will be rentals and priced 50% below the market rate.

Under an agreement with the developer the affordable housing units will be provided 'for the life of the building'. <a href="https://www.afr.com/real-estate/affordable-housing-helps-get-green-light-for-800m-project-20180921-h15p3r">According to the AFR</a>, it is expected the units would be"sold down to private investors for a lower capital value".

This is the first instance where amendments to the Planning and Environment Act undertaken earlier in 2018, have allowed developers and councils to enter into agreements to provide affordable housing within new developments.

The approved amendment to the Flinders Bank development application will also see a public plaza created as well as new pedestrian crossings on Sidderley Street.

Early stages of the development are currently accepting registrations with Colliers running point over the development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/the-st-melb_0.jpg" rel="gallery-all" title="St Regis at Flinders Bank"><img alt="" class="image-article-full-width-580px" height="493" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/the-st-melb_0.jpg?itok=63YLoXck" title="St Regis at Flinders Bank" width="580"></a>

<figcaption>St Regis at Flinders Bank</figcaption></figure>As we revealed back in August, St Regis is one of the latest high-end hotel brands that have been secured in Melbourne. The St Regis brand, after the acquisition of the Starwood group, is now owned by Marriott International.

The mammoth Marriott International group includes other hotel brands like JW Marriott, Ritz-Carlton, W, Westin, Sheraton, Le Meridien and Aloft.

Ritz-Carlton is set to open at <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> on the former site of The Age on Spencer Street. W has signed on for <a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a> ('The Pantscraper'), Aloft is signed on to <a href="/new-apartments/402-416-chapel-street-south-yarra">402 Chapel Street</a> in South Yarra.

The Westin is located behind city square, next to the site of the Town Hall Station site, Sheraton is now located in a new building in Little Collins Street and Le Meridien used to be the brand name for the InterContinental next to Rialto.
</body></html>

Flinders Bank planning amendment to include 20 affordable housing units

<html><body>
The City of Monash wants to give Oakleigh Station and its immediate surrounds an upgrade through its Oakleigh Activity Centre Transport Interchange proposal. The council is now seeking public comment on the proposal.

The stated themes of the proposal are to enhance Oakleigh’s village character by making pedestrian infrastructure improvements in and around the station, and to encourage ‘higher value use’ of the land around the station.

One aspect of the proposal is to draw pedestrians to use the spaces to both the north and the south of the station. A large car park dominates the southern side at present which as part of the proposal for the station precinct, the City of Monash report shows could be redeveloped into an 8 level building.

Other pockets of land to the north of the station, the side of the station which sees the greatest amount of pedestrian activity, would also be developed albeit at a smaller scale, according to the report.

The report is compiled by Global South with participants BKK Architects, project management and quantity surveyor outfit Rider Levett Bucknall and advisory firm Charter Keck Cramer listed in the introductory section.

Oakleigh Station has seen rail infrastructure changes as part of the Level Crossing Removal Project between Caulfield and Dandenong – the southern-most face of the island platform which use to carry all city-bound trains – will no longer be used with city-bound trains shifting to the northern face of the island and Dandenong-bound trains are using the third separate platform.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/oakleigh_preinct2.png" rel="gallery-all" title="Overview of the proposal for the Oakleigh Public Transport Interchange. Image: Global South/City of Monash"><img alt="" class="image-article-full-width-580px" height="405" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/oakleigh_preinct2.png?itok=CInuZL1l" title="Overview of the proposal for the Oakleigh Public Transport Interchange. Image: Global South/City of Monash" width="580"></a>

<figcaption>Overview of the proposal for the Oakleigh Public Transport Interchange. Image: Global South/City of Monash</figcaption></figure>The report notes the Level Crossing Removal Authority will be implementing other changes at Oakleigh Station including upgrading the pedestrian underpass including adding lifts, new stairs and upgraded ramps; new station canopies above underpass access ramps; and a new entrance from Haughton Road (the southern station entrance).

The key changes north of the station include creating a new forecourt infront of the station which will "match the pavement of Eaton Mall, and will extend across into Portman Street and the intersection with Station Street, creating continuous, seamless and direct pedestrian movements routes to/from the station”.

No major changes to how buses interact with the precinct are proposed, except buses will no longer be using the existing roundabout.

Surface car park consolidation – in order to better re-use the land for other uses - is another theme of the proposal and the Global South report mentions that the development on the southern car park could be integrated to include public car parking with other live/work uses located above the public car park.  The southern side is part-owned by Council and VicTrack.

Estimates provided by Rider Levett Bucknall and published in one of the appendices of the report put the total cost of the proposal at $14.1 million.  

To view the report and to have your say, see <a href="https://www.monash.vic.gov.au/About-Us/Council/Have-Your-Say/Oakleigh-Public-Transport-Precinct-Proposal">monash.vic.gov.au</a>
</body></html>

Oakleigh's station precinct plans open for public consultation

<html><body>
Well and truly into Spring, we've hit peak spring-like weather in Melbourne.  Warm one day, cold for the next three!

I've been on leave for a month so I've added a few of the images posted from August in this month's snapshot.

As always, click the link in the line of text above each image to view more from the project's corresponding forum thread.

The student accommodation project at <a href="/developments/north-melbourne-vic-3051">1 Flemington Road</a> is turning into a <a href="/news">forum </a><a href="/news">favourite</a> now that it's facade is all but complete.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/northmelb1.jpg" rel="gallery-all" title="1 Flemington Road. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="871" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/northmelb1.jpg?itok=lwgmIqeH" title="1 Flemington Road. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>1 Flemington Road. Image originally posted by Mark Baljak</figcaption></figure><a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a> at <a href="/news">447 Collins Street</a> is making its mark with the glazing now appearing on the commercial component of the tower(s).

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/447.jpg" rel="gallery-all" title="Collins Arch. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/447.jpg?itok=n-etvV6z" title="Collins Arch. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>Collins Arch. Image originally posted by Mark Baljak</figcaption></figure><a href="/buildings/melbourne-village-377-spencer-street-west-melbourne">Melbourne Village</a> in West Melbourne.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/melb_village.jpg" rel="gallery-all" title="Melbourne Village. Image originally posted by UM user redden"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/melb_village.jpg?itok=ugi4-4as" title="Melbourne Village. Image originally posted by UM user redden" width="580"></a>

<figcaption>Melbourne Village. Image originally posted by UM user redden</figcaption></figure><a href="/developments/melbourne-vic-3000">80 Collins Street</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/72-82_collins_0.jpg" rel="gallery-all" title="72-82 Collins Street. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="908" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/72-82_collins_0.jpg?itok=LOFtyYcg" title="72-82 Collins Street. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>72-82 Collins Street. Image originally posted by Mark Baljak</figcaption></figure> 

<a href="/buildings/aurora-melbourne-central-224-la-trobe-street-melbourne">Aurora Melbourne Central</a> is continuing to make an impression among its tall peers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_6857.jpg" rel="gallery-all" title="Aurora Melbourne Central. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_6857.jpg?itok=qwQnnK43" title="Aurora Melbourne Central. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>Aurora Melbourne Central. Image originally posted by Mark Baljak</figcaption></figure><a href="/buildings/elm-stone-387-docklands-drive-docklands">Elm &amp; Stone</a> - Quest Docklands.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_6631.jpg" rel="gallery-all" title="Elm &amp; Stone. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_6631.jpg?itok=kzKjrtuq" title="Elm &amp; Stone. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>Elm &amp; Stone. Image originally posted by Mark Baljak</figcaption></figure>​​​​The enormous <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> site.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/p8270829.jpg" rel="gallery-all" title="Melbourne Square. Image originally posted by UM user redden"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/p8270829.jpg?itok=b4t343ng" title="Melbourne Square. Image originally posted by UM user redden" width="580"></a>

<figcaption>Melbourne Square. Image originally posted by UM user redden</figcaption></figure>Not long now for <a href="/developments/melbourne-vic-3000">42-50 La Trobe Street</a>. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_6829.jpg" rel="gallery-all" title="42-50 La Trobe Street. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_6829.jpg?itok=WuFU6b1G" title="42-50 La Trobe Street. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>42-50 La Trobe Street. Image originally posted by Mark Baljak​​</figcaption></figure><a href="/developments/melbourne-vic-3000">271 Spring Street.</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_6804.jpg" rel="gallery-all" title="271 Spring Street. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_6804.jpg?itok=BZTNSlf4" title="271 Spring Street. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>271 Spring Street. Image originally posted by Mark Baljak </figcaption></figure><a href="/new-apartments/sky-one-box-hill-545-563-station-street-box-hill">Sky One, Box Hill.</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/img_6258.jpg" rel="gallery-all" title="Sky One Box Hill. Image originally posted by Mark Baljak"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_6258.jpg?itok=HsLsJ7d9" title="Sky One Box Hill. Image originally posted by Mark Baljak" width="580"></a>

<figcaption>Sky One Box Hill. Image originally posted by Mark Baljak</figcaption></figure>​​​​​​
</body></html>

A snapshot of Melbourne's construction - September 2018

<html><body>
When governments are willing to commit upwards of $10 billion and the private sector is willing to tip in a further $5 billion, it's safe to say Melbourne Airport's long-awaited airport link will happen.

What shape or form the link will take is another question altogether.

Securing the best corridor for the track, placing an appropriate amount of stations along the line and figuring out an optimal frequency of service are all important tasks, however another is setting the correct fare level and ensuring there's enough connectivity to make the link a success from day one.

Many people would be familiar with how fares are set for Sydney and Brisbane's airport trains - Sydney has an airport access fee ($14.30 on top of the distance-based fare) and Brisbane adds a surcharge on top of its zone-based fare system - but there are also relevant &amp; recent international examples of new airport rail links.

In 2015 Toronto was scratched off the <a href="https://www.ptua.org.au/2015/10/29/busiest-airports-rail/">list the PTUA maintains</a> of large airports without a rail link when it opened the Union-Pearson Express; a four station service between Union Station in central Toronto, two suburban stations which connect with various other public transport services and the final station at Toronto's Pearson International airport.

It's a dedicated airport service running on a frequency of four trains an hour - every 15 minutes - and the journey takes 25 minutes.  As I've <a href="/news/is-torontos-airport-rail-link-a-model-for-melbourne">written before</a>, the similarities between Melbourne &amp; Tullamarine and Toronto &amp; Pearson are uncanny. The service is operated by the Ontario provincial level agency Metrolinx which is similar to PTV.

When it began operating, one-way fares were set to an eye-wateringly high $27.50CAD if you paid with cash or if you used the local smart card, called Presto, the fare was $19.00CAD. The Australian and Canadian dollars for the past decade have ebbed and flowed around parity, the current exchange rate is $1AUD = $0.94CAD.

Local and <a href="https://www.theglobeandmail.com/news/toronto/union-pearson-express-ridership-slumps-to-all-time-low/article28634074/">national Canadian press</a> back in early 2016 reported on the patronage slump after the Pan-American games were held in Toronto (2015) citing fare levels as culprit.  A year after substandard patronage performance, fares were slashed by over 50% to $12.00 CAD if paying by cash or $9.,00CAD if using the local smart card.

Not surprisingly patronage trebled after the fare cuts and more people started using the service between the two intermediate suburban stations and Union in central Toronto.  

The AirRail Melbourne proposal unveiled last weekend came with a projected fare that is likely to be 'under $20'.  The current skybus fare is $18.  Compare with a myki money zone 1 &amp; 2, 2 hour fare: $4.30 (or a daily $8.60).

It's not inconceivable that the overwhelming majority of people who will use the Melbourne Airport Rail Link will use another public transport service to get to an Airport Link station and therefore will either be paying the 2 hour or daily myki fare as well as the fare to the airport - just like how passengers need to pay the myki and skybus fares separately now.

A $20 airport link fare plus $4.30-$8.60 is putting the total cost of getting to the airport via public transport into the mid 20s, almost $30 category, similar to the fares that Toronto started with (for balance, Toronto's TTC subways, trams and buses operate on pay-per journey basis, it costs $3.00CAD for each journey).

Aside from fares, there are other lessons to learn from the Toronto experience, as outlined in <a href="http://humantransit.org/2016/03/keys-to-great-airport-transit">this article</a> by Jarrett Walker.  Although the Melbourne Airport Rail Link will likely tick Jarrett's a few boxes on that articles list - namely ensuring the rail line serves more than one destination.

However should the Melbourne Airport Rail Link as we understand it to run from the city to Sunshine and the airport also extend to Broadmeadows to maximise connections from day one?

"Combine air travelers and airport employees on the same train/bus" is one of Jarrett's key points - Sunshine ensures employees living immediately west of the airport will have an easy connection, adding Broadmeadows will ensure airport employees living anywhere between Moonee Ponds and Craigieburn have an easy connection. 

The Suburban Rail Loop would extend that connectivity to both employee and passenger alike to the rest of northern and north-eastern Melbourne.

Lead image credit: <a href="https://railgallery.wongm.com/metro-trains-melbourne-northern-group/E108_4197.jpg">Marcus Wong</a>.
</body></html>

Is $20 a reasonable fare for the Melbourne Airport Rail Link?

<html><body>
<h2>Comment</h2>

If the voting public are to take the Andrews Government's <a href="/news/victorian-government-unveils-suburban-rail-loop-election-proposal">Suburban Rail Loop</a> proposal on face value, over time, Melbourne will have a train line from Cheltenham to Werribee via the north-east and Melbourne Airport.

But will it be a 'single' train line - for example, the same service, no matter which part of the new rail line you are traveling on? 

Business case development currently underway for the Melbourne Airport Rail Link (MARL) and - should the Andrews Government be re-elected - the Suburban Rail Loop, will determine that outcome however, there may be some benefit to developing what in effect would be two separate rail lines to form the one greater loop line.

In recent days we saw a private proposal dubbed 'AirRail Melbourne' which is concerned with building a new railway from Southern Cross to the Airport via Sunshine and as I mentioned in my <a href="/news/ifms-airrail-melbourne-proposal-helps-other-projects-to-get-financed">commentary</a>, that specific railway is unlikely to cost $15 billion in total and the private investment - to the tune of $5 billion - would give governments the choice to reallocate funds to expanding other rail corridors and introducing new metro and regional services.

AirRail Melbourne, the proposal which will seek to use the market-led infrastructure process set up by the Victorian Treasury, positions itself to take a bet each way on how other projects might work with it. 

For instance, extrapolating the AirRail Melbourne proposal we might foresee a new dedicated line built Southern Cross - Sunshine - Airport and a new track pair from Sunshine - Deer Park - Wyndham Vale to the Geelong/Werribee line junction. Likewise, governments will have a choice to position the MARL/AirRail Melbourne line as a future path for Bendigo and Seymour-Shepparton services just like how the Rail Futures Institute has advocated for in the past.

Governments might even choose to extend the track eastward to form the wider Suburban Rail Loop (SRL) too.

<h2>But should they?</h2>

When the SRL was unveiled by the Premier, the eastern and northern sections on the map looked somewhat obvious - by simply looking at the map we can see its purpose is to move people around the middle suburbs between the existing radial network of metropolitan and regional services.

The western section looked undercooked, but one suspects that's because of the already announced business case development work occuring for the MARL and look at the situation now - the State Government called for expressions of interest to participate last week and already a well-rounded proposal has had its 15 minutes in the sun.

The passenger movement task to and around the west is different to the northern and eastern sections of the SRL - the west has far more complexity: High-speed rail to Geelong, city to airport services, should MARL be used in future for Bendigo and Seymour-Shepparton?

And so it follows, might - or should - the Suburban Rail Loop as Melbourne's orbital rail line, be two different systems given the two broad passenger movement tasks in different regions of the metropolitan area?

If we assume the western side of the city will proceed with the MARL or something like the AirRail Melbourne proposal which includes rail corridor expansion to the west, the SRL from the Airport to Cheltenham could be a separate rail system akin to what the Sydney Metro is to the wider rail network in Metroplitan Sydney (and regional NSW).

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/projects-stations-bukitbintang-02-1.jpg" rel="gallery-all" title="Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: my-mrt.my"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/projects-stations-bukitbintang-02-1.jpg?itok=zAOmBLiD" title="Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: my-mrt.my" width="580"></a>

<figcaption>Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: <a href="http://mymrt-underground.com.my/projects/sungai-buloh-kajang-sbk-line/">my-mrt.my</a></figcaption></figure>I was recently in Kuala Lumpur, where last year they opened the second and final phase of that city's latest MRT line.  It's a turn-key system, with portions of underground and elevated track broadly connecting through the centre of KL and out to the east and west of the Klang Valley.

We know the Andrews Government has cornered themselves into an underground rail line from Cheltenham to Broadmeadows and some of the most expensive components of underground railway construction are the stations.  The bigger the station, the higher the cost as the rule of thumb goes.

On the Metro Tunnel project, the five stations are enormous - in platform length in particular - to cater for lengthened trains. Upwards of 220 metres.

On KL's Line SBK Line 9 (<a href="https://en.wikipedia.org/wiki/Sungai_Buloh%E2%80%93Kajang_MRT_line">Sungai Buloh-Kajang 9</a>), trains are just as wide and each four-car train has a similar capacity as our standard metro trains in Melbourne (3-3.1m &amp; 1,200 passengers per train) but with only four cars, the trains are shorter and therefore platform length requirements are shorter as well. The trains are 90 metres in length.

The enormous capacity of the comparatively short trains is achieved with longitudinal seating and wide, open gangways between carriages. The trains are also driverless, centrally controlled with platform screen doors at all stations.

The Andrews Government claims the SRL will enable trips from Cheltenham to the Airport in 45 minutes, and it's likely that the majority of trips on the line (should it be built) will be much shorter and minimal seating in longitudinal configuration - in order to create scalability over time - would likely be acceptable to most people given the line's purpose is to rapidly move people between lines and to the newly served employment, shopping and education precincts.

Food for thought.

Lead image credit: Bukit Bintang station, <a href="http://mymrt-underground.com.my/projects/sungai-buloh-kajang-sbk-line/">my-mrt.my</a>
</body></html>

Might the Suburban Rail Loop be two separate rail systems?

<html><body>
It might have appeared to slip under the radar, but the IFM Investors-led consortium's<a href="/news/consortium-proposes-market-led-super-train-for-melbourne-airport-rail-link"> AirRail Melbourne proposal</a> has already had a long life, with work commencing over a year ago.

IFM Investors was set up by industry super funds to manage their investments.  It has stakes in Asia Pacific Airports which owns the lease and operates Melbourne Airport, and IFM also own the 30-year concession for Southern Cross Station.

The consortium behind the AirRail Melbourne proposal unveiled on the weekend, also includes Metro Trains Melbourne who in turn is majority-owned by Hong Kong's MTR corporation with John Holland and UGL Rail rounding out the minority shareholders.

The consortium brings substantial rail and aviation experience in addition to institutional finance to the table, with a spokesperson confirming the proposal had not appeared out of thin air, having undertaken a year's worth of work before the unveiling.

Speaking to Apartments.com.au, a spokesperson confirmed that IFM Investors expects to use the Victorian Department of Treasury and Finance's <a href="https://www.dtf.vic.gov.au/infrastructure-investment/market-led-proposals">market-led proposal process</a> which should it progress toward the end of Stage 2, we're likely to see far greater detail released into the public domain.

The proposal is rail technology agnostic at this stage and the corridor and references to other government or election initiatives are deliberately open, owing to the many moving parts, chief of which is the state election in a few months time and the Melbourne Airport Rail Link business case which is currently underway.

It was only last week that the state government called for expressions of interest to participate in the Melbourne Airport Rail Link (MARL) and it will be interesting to see if any other well-rounded proposals such as AirRail Melbourne come to light.  

<h2>Comment</h2>

One can't help but focus on the main organisation which is leading the consortium - they're in the investment and superannuation business. 

Committing a further $5 billion on top of the Federal and State Government's $10 billion is likewise interesting because it's like the Southern Cross, Sunshine and Airport stations, tunnels and tracks and rolling stock will not cost $15 billion. This throws up the opportunity for the joint commitment of $10 billion to be reallocated between the Airport Rail Link and projects like quadruplications in the west.

Remember, as part of the initial Melbourne Airport Rail Link announcement by the State Government in July, part of the business case was to investigate how to get 'high speed rail' to Geelong.  What high-speed actually means is anyone's guess, but the AirRail Melbourne documents published to date hint at it: it's about further separating metro and V/Line services in the west.

The groundwork for Melton electrification is currently underway with track duplication from Deer Park to Melton, and the Regional Rail Link unable to handle both Geelong and outer Melbourne suburban passenger commutes for much longer.

The Regional Rail Link was built for $3.65 billion; quadruplicating Sunshine-Deer Park-West Werribee won't cost as much - but rebuilding Sunshine station along with its rail junction won't be cheap. 

If it costs $15 billion to get the Melbourne Airport Rail Link, with its dedicated tracks between Sunshine and the city boosting rail capacity even further, as well as adding even more track (and services) to the outer west, we're looking at widespread benefits.

We'll have to wait for the outcome of the state election and the release of the business case, but the AirRail Melbourne proposal (or a competing proposal if the market-led process eventually turns into a tender) has appeared at a good time.
</body></html>

IFM's AirRail Melbourne proposal helps other projects to get financed

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

Alastair Taylor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Alastair Taylor

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News