Sydney developer, Coronation Property is helping to make stepping onto the property ladder a little easier for aspiring home buyers.&nbsp;

Coronation, a local developer of mixed-use developments and masterplanned communities across Sydney, has recently launched their &#39;Own Way&#39; finance scheme, which offers flexible deposit arrangements for aspiring buyers.&nbsp;

The scheme caters to homebuyers wanting to get a foot in the door, but who may be struggling to save for the substantial 10 per cent deposit, with the payment scheme allowing purchasers to secure an apartment with just a one per cent, up front deposit.

[smartcode_project:default project_id=31751 project_image_fid=160999]

After which, buyers can continue to save and pay off the remaining balance of the 10 per cent deposit over a 12-month period.

Further easing the burden for young buyers, the Own Way payment scheme has no impact on eligibility for the NSW Government&rsquo;s First Homeowner Grant and First Home Buyers Assistance Scheme.

The scheme is eligible at Coronation Property&#39;s&nbsp;project, Mason &amp; Main - the group&#39;s precinct-style project west of Sydney in Merrylands.

Les Landerer, a senior executive at Coronation Property, says the scheme was primarily designed to support first home buyers and young families, who are consistently priced out of the housing market.

&ldquo;Coronation Property is committed to helping more purchasers on their personal journey towards buying their first property, because we understand it&rsquo;s one of the most valuable and rewarding investments most people will make in their lifetime,&rdquo; Landerer says.

[smartcode_project:default project_id=31751 project_image_fid=161005]

&ldquo;With the gap between median house and unit values in Sydney increasing, the Own Way scheme allows buyers to enter the local property market at an attainable price point, without having to sacrifice on quality.

&ldquo;We collaborate with the most distinguished architects and interior designers in the industry to develop and build high-quality, high-design residences, crafted especially for the diverse lifestyles of our buyers, and this new scheme is our way of helping people gain affordable entry into Sydney&rsquo;s housing market.&rdquo;

After trialling the incentive with select customers in 2021, Coronation Property noticed strong uptake of the offer, which in turn helped with the decision to expedite the launch.

First home buyer, Soomin Lee, was among the first to take advantage of the Own Way scheme, purchasing a two-bedroom apartment at&nbsp;Mason &amp; Main.

[smartcode_project:default project_id=31751 project_image_fid=161001]

&ldquo;I feel like we&rsquo;re always told to buy house and land, but the 10% upfront deposit wasn&rsquo;t feasible for me,&rdquo; Lee said.

&nbsp;&ldquo;By locking in an apartment on a one per cent upfront deposit instead, and then having time to save the remaining portion of the deposit, I was able to get into the property market straight away and have the convenience of being able to pay the remaining balance over a reasonable timeframe.

&ldquo;Without the one per cent incentive I would have had to wait another two to three years to buy a home. It was always in the back of my mind, but I wasn&rsquo;t able to make it a priority,&rdquo; Lee added.

[smartcode_project_cta: project_id=31751]

The scheme caters to homebuyers wanting to get a foot in the door, but who may be struggling to save for the substantial 10 per cent deposit, with the payment scheme allowing purchasers to secure an apartment with just a one per cent, up front deposit.



alisonwarters@gmail.com

Coronation Property launch one per cent home deposit scheme to support homebuyers

Stockland have announced the acquisition of a 77-hectare residential development site at 944-1024 Ripley Road in South Ripley, building on its presence in Ipswich and South-East Queensland to meet much-needed demand for new housing.

Set to deliver 1,100 homes as well as a State Primary School and community facilities, the site is zoned for residential use and is close to Stockland’s Providence master planned community in the maturing Ripley Valley Priority Development Area.

Stockland’s CEO of Communities, Andrew Whitson said the group were excited about increasing their residential footprint with zoned land.

<img alt="" data-entity-type="" data-entity-uuid="" height="1556" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/allshots_providence.jpg" width="2333" /> 
Stockland's new South Ripley site sits close by to the group's Providence masterplanned community. Image supplied.&nbsp;

“The opportunity to build on the success of our Providence community, which has a very strong brand in the South-East Queensland corridor,” he added.

“The acquisition follows more recent consolidations at Providence and aligns with our strategy to restock our master planned community pipeline with market-ready projects on capital efficient terms, in well-connected corridors close to transport, schools, jobs and infrastructure.”

“South-East Queensland remains significantly under supplied, and we expect the new community will be highly sought after by homebuyers who value quality master planned communities in attractive settings with community facilities and infrastructure on their doorstep,” said Whitson.

Stockland’s General Manager of Queensland Communities, David Laner commented on the long list of projects the group already has up and down the Queensland coast, with experience the driving force behind the envisioned South Ripley project’s success. &nbsp;

“Stockland has almost $3.6 billion invested in Queensland, with master planned communities stretching from Townsville to the Gold Coast, including the multi award-winning city of Aura on the Sunshine Coast, the largest master planned community currently being developed in Australia.

“Future residents in South Ripley will benefit from a wide range of current and planned features at Stockland Providence, including the Providence Town Centre, the highly acclaimed Splash &amp; Play facilities, District sporting and recreational grounds, schools and childcare, and a Satellite hospital.”

“A diverse range of housing is proposed for the elevated site, which will offer future residents long views and the opportunity to build their dream home,” said Laner.

Subject to approvals, Stockland will aim to start the project after site settlement in 2024.

Set to deliver 1,100 homes as well as a State Primary School and community facilities, the site is zoned for residential use and is close to Stockland’s Providence master planned community in the maturing Ripley Valley Priority Development Area.

Stockland boosts residential pipeline with South Ripley acquisition

Nedale Hamdan and Charlie Ayoub are the latest Sydney developers to dip their toe in the water in the Gold Coast apartment market.

They've lodged plans in Palm Beach, which is set to boom when the much-talked-about Gold Coast Light Rail passes through the quiet beachside spot.

Hamdan and Ayoub, who founded developer Masscon in 2014,&nbsp;has lodged plans for a nine-storey residential apartment across an amalgamated 1,783 sqm site&nbsp;fronting the Gold Coast Highway.

Designed by BDA Architects, the built form combines softly articulated edges and gentle curves to its horizontal layering, with soft flowing screen elements and a coastal material palette which anchors the development in its context.

<img alt="" data-entity-type="" data-entity-uuid="" height="894" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.24.44_pm.png" width="948" />

“The design intent is to create a high quality residential apartment building that achieves a high standard of architecture, liveability and appropriate scale within the Palm Beach site context," BDA noted in their design application.

“Through thoughtful, considered analysis of the context and its location within the Palm Beach area, the design builds on the existing contextual coastal qualities and provides a response that offers a high quality and visually interesting residential building which will provide considerable amenity for residents and a lasting architectural contribution to the Palm Beach precinct.”

There will be a maximum seven apartments per floor, with&nbsp;apartments on the higher levels offering unobstructed beach views of the neighbouring Palm Beach frontage. There will be a mix of&nbsp;two and three-bedroom apartments, some 16 configurations on offer. The largest apartment configuration spans over 160 sqm. There is a single&nbsp;one-bedroom apartment.

Each of the 58 apartments extend out from the living spaces onto expansive balconies, seamlessly blending the indoors with the out, and further opening up the already generously-sized apartments.

<img alt="" data-entity-type="" data-entity-uuid="" height="906" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.24.49_pm.png" width="1180" />

To enrich the living environment of the residents, a generous sized recreational area has been offered to promote engagement on the ground floor including a large outdoor barbecue and dining space, as well as a pool.

With its beach-front location, residents will benefit from its immediate beach access along with its close proximity to the popular Palm Beach cultural precinct, featuring a wealth of amenity, including restaurants, bars, shops and cafes.

Positioned along the Gold Coast Highway, residents will also be connected to well-serviced public transport links, connecting them to the greater Gold Coast region and beyond.

[smartcode_project_cta: project_id=112962]

Hamdan and Ayoub, who founded developer Masscon in 2014, has lodged plans for a nine-storey residential apartment across an amalgamated 1,783 sqm site fronting the Gold Coast Highway

First look: Sydney developers lodged new Palm Beach apartment development

Cammeray is set for a new boutique apartment development.

The newly formed development firm ARCH is&nbsp;behind the&nbsp;plans for the&nbsp;four-storey apartment building at&nbsp;18 Vale Street.

Dubbed Millervale, due to its location&nbsp;on the corner of Miller and Vale Street, the project will comprise just eight, three-bedroom apartments across the striking building.

&ldquo;We are very excited for our first project Millervale,&quot; ARCH&#39;s Marcus Hinzack told Urban.

&quot;It ticks all our strategic goals of being in a great suburb with high levels of amenity, close to the local village and nature walks and very well connected to the rest of Sydney.

&quot;ARCH are going to hang our hat on putting design, both aesthetics and functionality above all else, and we were very careful to select a like minded architect DKO who share our values,&quot; Hinzack added.

<a href="/new-apartments/millervale-18-vale-street-cammeray"><img alt="" height="1158" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.30.24_pm.png" width="2008" /></a> 
Perspective view looking north from Vale St. Image credit: DKO

&quot;As a team we spent a lot of time researching Cammeray and taking a lot of the design cues and understanding the local vernacular of the surrounding homes to create a contemporary apartment building that also nods to the history of the suburb and sits very well in its context&rdquo;.

Early in the design process, the landscape and built form character of Cammeray was analysed by ARCH and architecture firm DKO. From this a Cammeray character &ldquo;kit of parts&rdquo; was developed, including palettes of materiality, colour, texture and architectural features, forming the basis of the architectural and landscape concepts.

ARCH noted in there development application a key driver for the project was to develop a strongly site-derived proposal, which reflected the unique attributes of the area to strengthen local identity despite its continuing densification.

Millervale will&nbsp;replace the existing three-houses on the amalgamated 902 sqm site. The scale of the building is in keeping with the older walk-up style apartment buildings in proximity to the site.

DKO Senior Associate Sonny Oh noted in the design statement submission that&nbsp;the role of DKO&rsquo;s architecture is to mediate between the past, present and future of the site and surrounds.

&ldquo;The dwelling size and mix is in response to the demographics of the area and a market demand for larger apartments, which offer an alternative to detached or semi-detached dwellings,&rdquo; Oh wrote.

<a href="/new-apartments/millervale-18-vale-street-cammeray"><img alt="" height="1150" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.28.12_pm.png" width="1336" /></a> 
Perspective view of pedestrian entry on Vale Street. Image credit: DKO

Offering open and light spaces, the apartments have considered ventilation, outlook, solar access and storage, further responding to the market needs.

The landscaping is a key component of the design, and has been sought to be integrated throughout the built form to contribute to the existing landscape character of the area as well as providing significant amenity to the future residents and neighbouring residents of the site.

Millervale will be part of the growing suburb of Cammeray, in the leafy Lower North Shore area.

Within close proximity to the Local Centre of Cammeray and Cammeray Square shopping centre, residents will benefit from a variety of everyday services and hospitality offerings, all within a five-minute walk. It is also situated adjacent to Cammeray public school, and Norths Cammeray Club, which is also within a five-minute walk.

Bus stops directly adjacent to the site along Miller street provide access to public transport to Chatswood, Crows Nest, North Sydney and onto the CBD, while the surrounding context also has a range of open space and recreational amenity, offering a diversity of passive and active spaces.

Dubbed Millervale, due to its location on the corner of Miller and Vale Street, the project will comprise just eight, three-bedroom apartments across the striking building.

First look: ARCH lodges plans for Millervale, Cammeray apartment development

For those who love the finer things in life, Urban have taken a closer look at eight of Melbourne&#39;s best&nbsp;luxury apartments.

We think you may love them....&nbsp;&nbsp;

<h2>The Bradford, Kew - 365 Cotham Road, Kew</h2>

[smartcode_project:default project_id=112356 project_image_fid=197077]

The Bradford in Kew presents an opportunity to join the ranks of one of the Melbourne&rsquo;s most exclusive enclaves, with heritage overlays and planning controls limiting obtainability.

Developed by Jafari Property Group with a focus on those looking to downsize without compromising on quality and luxury appointments, The Bradford offers discerning buyers the chance to secure a blue-chip property and enhanced lifestyle, enjoying the area&rsquo;s abundance of amenities and relaxed community atmosphere.

[smartcode_project:default project_id=112356 project_image_fid=197082]

Surrounded by grand estates and mansions and tree-lined thoroughfares, The Bradford comprises 10 luxury residences curated by the highly-regarded Cera Stribley architecture and interior design studio.

Designed over three levels, the building integrates into the surrounding streetscape, cleverly divided into four smaller entities, with generously-proportioned single-level apartments, including two penthouses, ranging from 95 sqm to 227 sqm, with gardens and outdoor terraces from 13 sqm to 148 sqm, which add to the sense of light and space.

<h2>Euroka Toorak - 5 Brookville Road, Toorak</h2>

[smartcode_project:default project_id=109759 project_image_fid=185211]

The Sydney-based developer, Sun Property Group, broke into&nbsp;the Melbourne apartment market with Euroka.

Landing at 5 Brookville Road, Euroka is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

[smartcode_project:default project_id=109759 project_image_fid=185213]

The renowned architect and design firm,&nbsp;<a data-uw-styling-context="true" href="/architects/carr-design" target="_blank">Carr Design</a>, has created the 10 luxury apartments, which features a robust form, with a gallery-like, three-tiered elevation. Each apartment has been designed with a unique aspect across the three levels.

The theme of Euroka is &lsquo;welcome to the light&rsquo;, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

<h2>La Storia - 195 Cardigan Street, Carlton North</h2>

[smartcode_project:default project_id=111979 project_image_fid=194079]

A limited series of just 20 apartments, La Storia&nbsp;is a considered residential building designed to pay homage to both Carlton and Italy.

M3 Design, led by father and son, Frank and Gianni Mancuso, are behind the interiors, delivering a range of three-bedroom apartments within Marcocci Property Group&rsquo;s development.

[smartcode_project:default project_id=111979 project_image_fid=194083]

Each residence prioritises natural light and airflow, with functionality at the heart of each floor plan.

The design has been inspired by the designs of the late legendary&nbsp;Venetian architect Carlo Scarpa with four different&nbsp;residences available; Residenza Lusso, Residenza Centro, Residenza Giardini, and Residenza Allegria.

<h2>Soul Hampton - 14-16 Grenville Street, Hampton</h2>

[smartcode_project:default project_id=93042 project_image_fid=193034]

Differentiating itself from the larger projects on the market in the area, Soul Hampton offers just eight apartments in the Finnis Architecture-designed building, which features a sleek modern exterior blending with lush greenery.

A stone&#39;s throw from Hampton Beach at 14-16 Grenville Street, Soul Hampton is made up of two and three-bedroom apartments, ranging in size from a generous 120 sqm to 181 sqm.

[smartcode_project:default project_id=93042 project_image_fid=197035]

Soul of Hampton isn&rsquo;t just located in one of the most prestigious and luxurious suburbs in Melbourne, it&rsquo;s in the heart of it.

Located on the doorstep of the Sandringham Yacht Club &ndash; Australia&rsquo;s number one yacht club &ndash; Soul apartments have created resort style living, with interiors of natural stone and high-end veneer timber panelling, as well as high-end finishes and Gaggenau appliances.

<h2>Awaken &ndash; Brighton - 30-32 Rooding Street, Brighton</h2>

[smartcode_project:default project_id=30087 project_image_fid=177703]

Offering just 13 three-bedroom residences, Awaken is uniquely positioned in a secluded area of Brighton at 30-32 Rooding Street, but just a short walk to the popular Bay Street.

Partnering with renowned Melbourne architect Travis Walton, Awaken takes a contemporary and restrained approach to bayside luxury living.

[smartcode_project:default project_id=30087 project_image_fid=143715]

Comprising locally-sourced European-style brickwork and contrasting electro-bronze metal detailing, the architectural composition draws focus to the verdant landscape, combining natives and evergreen plants to create softness and seasonal change.

Situated in a uniquely secluded, tree-lined, laneway-style street in Brighton, the project features an equally tranquil garden setting, landscaped by Acre Studio.

<h2>Hawthorn Park - 33 Camberwell Road, Hawthorn East</h2>

[smartcode_project:default project_id=3730 project_image_fid=195894]

Dahua Group&rsquo;s $300 million Hawthorn East apartment development Hawthorn Park is their biggest apartment development in Melbourne to date.

Hawthorn Park is a sophisticated residential mid-rise that is strategically located amongst Hawthorn East&rsquo;s several transport, education, lifestyle and amenity offerings.

[smartcode_project:default project_id=3730 project_image_fid=195900]

Designed by&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>,&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>&nbsp;delivers 368&nbsp;one, two and three-bedroom apartments, featuring several amenities, including Melbourne&rsquo;s first suspended sky pool. Theatre rooms, a sky lounge,&nbsp;gym with a yoga and meditation studio and massage suites,&nbsp;hammock lounge, an indoor residents lounge and a garden pavilion are also part of the impressive offerings.&nbsp;

The tower also features over 2000 sqm of parkland curated by acclaimed landscape architect&nbsp;<a aria-label="Jack Merlo - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park$jackmerlo">Jack Merlo</a>&nbsp;that bring the&nbsp;Hickory-constructed building to life. One, two and three-bedroom apartments are still available in&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>.

<h2>Sky Garden - 235 Springvale Road, Glen Waverley</h2>

[smartcode_project:default project_id=2881 project_image_fid=184595]

Sitting high above the revamped and most sophisticated shopping centre in the East of Melbourne &ndash; The New Glen &ndash; Sky Garden transcends both luxury and location, offering residents the very best in modern living.

Conceptualised by award-winning architects&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>&nbsp;and&nbsp;<a aria-label="DKO Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/dko-architecture-on-the-changing-face-of-hotel-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/dko-architecture-on-the-changing-face-of-hotel-design$dkoarchitecture">DKO Architecture</a>, Sky Garden offers a range of one and two-bedroom residences that boast panoramic views, from the Dandenong Range across to Melbourne&rsquo;s city skyline.

[smartcode_project:default project_id=2881 project_image_fid=195633]

The towers are individually distinctive while also sharing a design language of flowing lines and timeless materiality across the fa&ccedil;ade.

Sky Garden gets its name from its&nbsp;4,000 sqm outdoor podium garden complete with a relaxation zone, entertainment lounges, vegetable gardens, children&rsquo;s play area, private cabanas and an outdoor fitness area.

<h2>St Boulevard - 601 St Kilda Road, Melbourne</h2>

[smartcode_project:default project_id=1260 project_image_fid=177631]

Landing on the fringe of the Melbourne CBD, St Boulevard is a three-tower project by&nbsp;<a aria-label="the Shakespeare Group - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/developers/the-shakespeare-group" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developers/shakespeare-group$theshakespearegroup">the Shakespeare Group</a>.

Completed back in 2021, St Boulevard offers an unrepeatable location, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

[smartcode_project:default project_id=1260 project_image_fid=177965]

Designed by Elenbery-Fraser, St Boulevard still has on offer a mix of two and five-bedroom apartments, with features of long-wrapped balconies and interiors centred on key modes of contemporary living.

St Boulevard offers a multitude of exclusive facilities including, a heated lagoon and lap pool, resort style pavilions, water sunbeds, outdoor barbecue pods, garden seating areas and a children&rsquo;s play area.

For those who love the finer things in life, Urban have selected eight luxury apartments we think you may love.


Luxury Melbourne apartments you MAY love

The Whitehorse City Council has approved <a href="/developers/vicinity-centres">Vicinity’s</a> $700 million plans to bring to life the first stage of its mixed-use precinct of <a href="/new-apartments/box-hill-central-17-21-market-street-box-hill">Box Hill Central</a>.

Part of a 10-year masterplan, the leading Australian retail property group will transform 5.5 hectares into a&nbsp;mixed-use and retail precinct, with the first stage at&nbsp;17-21 Market Street set to include an office tower, a new town square, and a residential tower which will deliver 366 apartments.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="4000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression-residential-tower.jpg" width="2668" /></a>

“Since plans were submitted, we have worked closely with Council, State Government and the community to ensure that design reflects the site’s rich history and responds to the community’s aspirations and preferences to live, work and play close to home," Viney said.

“Reaching this important milestone makes way for the first stage of development that will create a new east-west pedestrian connection through the town centre which will be complemented by a community plaza and Spanish-steps inspired amphitheatre, a new residential tower for more than 600 residents and commercial office space for 2,000 workers.&nbsp;

“This exciting project reflects our long-term confidence and investment in Box Hill’s future growth and builds on its existing strengths, including its longstanding reputation as a key destination to visit for fresh food and rich dining experiences.”

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="630" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression.jpg" width="970" /></a>

Box Hill Central is set to become one of <a href="/new-apartments/melbourne-vic-3000">Melbourne’s</a> largest private mixed-use developments, with the first stage expected to deliver more than 50,000 sqm of commercial office space, along with 3,350 sqm of new public space. &nbsp;

It will also create new walkways and roads to interconnect to the precinct’s transport, retail, and dining offerings.&nbsp;

Overall, Vicinity says the redevelopment is expected to deliver approximately 2,400 construction jobs during the building phase and more than 6,000 new jobs for the precinct upon completion.

The group commenced construction works at Box Hill Central back in 2021, revitalising one of Melbourne’s busiest shopping centres and transforming it into a fresh and modern market-leading destination.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.



Vicinity secures approval for first stage of Box Hill Central redevelopment

The national property developer RG Property have lodged plans for a 15-storey residential tower in the heart of the buzzing Fortitude Valley.

The base of the tower, proposed for&nbsp;36 Warry Street, is weaved into the existing heritage fabric that occupies the site, blending in between the buildings of Keating’s Bread Factory, which was established back in 1879 before becoming one of the major bread making companies in Brisbane.

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.

<a href="/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1210" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.55.42_am.png" width="1266" /></a> 
View of the proposed development from Kennigo Street. Credit: Blight Rayner

The ground level concept is to integrate the heritage buildings with the new built environment by linking them into a pedestrian laneway activated by food and retail outlets, forming the heart of the development.

“Initially, the historic buildings are intended to retain their predominantly office uses but over time, they may gradually change to retail and dining uses once the laneway gains a reputation as a hub of day and night life in Spring Hill,” said Blight Rayner in their development documents.&nbsp;

“The strategy for integrating new and old is twofold. One, by way of matching podium scale and two, by using a contemporary version of the heritage material palette, seeking not to imitate but add a new complimentary layer to the old,” they added.

Level one will home a yoga/pilates terrace along with a gym, which will overlook the bustling streetscape, in addition to three apartments that open out on to surrounding gardens.

<a href="/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1216" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.03_am.png" width="2018" /></a> 
Elevated view above Warry St. Credit: Blight Rayner

Four vertical gardens, one on each side, are planned to enable vines to drape down each level and to grow laterally onto adjoining screens on the street-facing elevations.

Designed with the owner-occupier in mind, apartments offer a variety of layouts and floorplans, catering to differing living and lifestyles.

Large balconies are provided to all apartments and depending upon their orientation, balconies are variously open or screened.

The balconies provide depth to the three-dimensional form creating articulation around all sides, generally positioned on the corners of the building, giving two-way views as well as softening the built form.

“The typical apartment floors are accessed by an L-shaped corridor that opens up to gardens at each end and is naturally ventilated. The layout enables the majority of apartment balconies to occupy corners to optimise both outlook and aspect."

<a href="/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1208" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.13_am.png" width="2010" /></a> 
Elevated view above the existing heritage building. Credit: Blight Rayner

Two penthouse levels provide larger apartments on the southern side of the tower, while creating a distinctive top to the built form.

Crowning the tower will be an expansive roof garden and swimming pool, with the intent that plants will drape over each edge and be highly visible from the streets and afar. The gardens will also screen the plant enclosure and surround a large barbecue plaza for its solar protection, reinforced by a lightweight, open pergola structure

The site has relatively good access to buses and Fortitude Valley Train Station, while sitting within walking distance of the Brisbane CBD, the new Fortitude Valley State Secondary College, and a host of other convenient amenities.

“The 36 Warry Street Project represents an exciting opportunity to enhance Spring Hill as a lifestyle precinct and inner-city destination."

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.



RG Property to redevelop historic Fortitude Valley Bread Factory

Crown Group Chairman and CEO Iwan Sunito says that to master something, you must be at one with the object you create.

That's the origins of the name of Crown Group's latest Sydney development, Mastery by Crown in Waterloo, a collection of five visually striking buildings creating a mini-community a stone's throw from the city.

“It’s about being at the top of your game, bringing a lifetime of knowledge and experience to achieve the optimum creative expression,” Sunito said.

“Here at Crown Group we’ve created global icons for the city of Sydney, but now it’s time to up the ante,” he added.

[smartcode_project:default project_id=7020 project_image_fid=163820]

“Mastery by Crown Group marks the culmination of decades of experience combining to achieve a singular vision. It’s a new era of urban living for Sydney, with a strong emphasis on creating community and connecting people with nature."

The Waterloo&nbsp;precinct has been designed in a collaboration between internationally renowned architects Kengo Kuma, Koichi Takada and Sydney-based Silvester Fuller, with Kuma and Takada taking the reins on the ‘stacked forest’ tower.

The five buildings, ranging from six to 20 storeys, will home 368 apartments, with each building featuring its own creative design. There will be a mix of restaurants, cafes and shops conveniently located along the streetscape, as well as the central east-meets-west eat street.

[smartcode_project:default project_id=7020 project_image_fid=163813]

The tallest of the five towers at Mastery by Crown Group, Building C, overflows with lush landscaping from the Japanese-inspired balconies and terraces, creating the illusion of a forest in the sky.

“Japanese architecture is more about its simplicity and how architecture and building blends with nature and nature becomes part of the extension of the building", Sunito added.

"They're&nbsp;not trying to create a building that competes with nature but they’re trying to respect nature and make buildings look so beautifully fitting with nature itself.

Revered globally as a mastery of architecture, in 2021 Kengo Kuma was named one of Time Magazines Top 100 most influential people of the year. Mastery by Crown Group will be Kengo’s first residential building in Australia,

[smartcode_project:default project_id=7020 project_image_fid=163814]

“Kengo Kuma is regarded as god of architecture in Japan and it's such a privilege to work with such a master,” said Takada.

Sunito’s long-held dream of working with Kuma was set in motion after a chance visit to the Kuma-designed Great (Bamboo) Wall House in Beijing's countryside, experiencing the best of Japanese architecture and its effects on the daily rhythms of life.

With its pairing of traditional Japanese design principles, particularly elegance in simplicity, and nature, the house made an infallible impression on Sunito.

“We tried to really humanise the architecture, try to humanise the neighbourhood and this is really about giving back to the people. Everything that will come in the Mastery by Crown Group will be very much a human focus",&nbsp;said Sunito.

Kuma said his intention is to create second nature.

"Most buildings try to create contrast with nature, whereas my intention is the opposite," Kuma said.

"I want to create the real nature by some complementary material. I want to create a stacking forest in the city."

[smartcode_project:default project_id=7020 project_image_fid=173689]

Mastery by Crown Group is home to the&nbsp;last council-permitted tower for the area, creating an exclusive opportunity to secure views that will be impossible to replicate in Waterloo with existing zoning rules.

Waterloo is seen by many as the Manhattan of Sydney, a former industrial precinct transforming into a vibrant culinary and cultural destination located just four-kilometres from the Sydney CBD.

Situated between Alexandria, Redfern and Moore Park, the area is rapidly evolving into a sought-after destination to call home. There is a wealth of nearby amenities and services including schools and universities, parks and bike trails, as well as restaurants, cafes and bars.

“Waterloo now is what people call a new creative hub, this is the new Manhattan of Sydney - at the centre of everything. You have transport right at your doorstep, including the currently under-construction Metro, as well as access to three major universities, which is quite amazing,” Takada said.

[smartcode_project_cta: project_id=7020]

“It’s about being at the top of your game, bringing a lifetime of knowledge and experience to achieve the optimum creative expression,” Sunito said.



Crown Group bring together 'masters at the top of their game' to deliver a ‘stacked forest’ in the sky at Mastery by Crown Group

Landing on one of the Sunshine Coast&rsquo;s last undeveloped ocean frontages, Cube Development&rsquo;s latest project, Oasis, has been designed in a nod to the surrounding coastal environment.

An extensive collaborative design process by local Queensland architect Cameron Sheedy and the developer resulted in a subtropical, resort-style apartment development, with a dual design between the entry-level space and the sculptural towers.

Set across six levels with 56 apartments, Oasis&rsquo; configuration maximises access to almost 180 degree ocean views stretching north from Point Cartwright all the way down to the Caloundra Headland.

Raw materials create a strong connection to place, with white hues, smooth-face blockwork, sand and textured concrete combining with tubular screening, breeze blocks and subtle curvature to achieve the set out, timeless coastal aesthetic.

[smartcode_project:default project_id=109813 project_image_fid=196624]

Functioning as a distinct portal into the residence, a L-shaped enclosure integrates to become the building&rsquo;s grounded podium, decked out with a Wellness Area, with a gym, pool, sun loungers, gardens and alfresco dining space.

Rising from this are the defined yet sculptural residential towers, topped with six expansive penthouses.

Having worked extensively with the developer and council to achieve a district ground floor vision, architect Cameron Sheedy said that the space deeply roots the project to its environment while channelling a visceral change in setting as guests step through Oasis&rsquo; threshold.

&ldquo;The podium is solid, constrained, and timeless. It works to create a quiet compound that is separate from the vibrant, bustling community beyond Oasis&rsquo; walls, something residents want to tap into but can disconnect from in their private sanctuary,&rdquo; Sheedy said.

[smartcode_project:default project_id=109813 project_image_fid=197991]

&ldquo;Large overhangs, glass awnings, natural ventilation, extensive dappled natural light screening and the creation of a considered microclimate work in unison to mitigate and enhance the often-extreme climatic conditions of the coastline and alter temperature, light and sound within the podium to signal the shift in place.&rdquo;

&ldquo;All of this contributes to an inherent feeling of an exclusive and palpably serene space, different to anywhere else and unwavering upon each return.&rdquo;

As for Oasis&rsquo; internal look and feel, Cube Development&rsquo;s Interior Designer, Sarah Busch said that the apartments are sympathetic to the external facade, with complementary materials that seamlessly transition between the two.

[smartcode_project:default project_id=109813 project_image_fid=197990]

&ldquo;We&rsquo;ve tried to blur the lines between inside and out through shared materiality, heightening the impact of the large voids, soaring ceilings and multilevel balconies that Cameron has programmed into the apartment designs.&rdquo;

&ldquo;Tying into the coastal hues of the external facade, we have used soft light tones and the bright whites internally, giving way for the stunning views that intrinsically connect the residents to their natural surroundings.

&ldquo;There is a refined artfulness that guides the apartments with strong monolithic elements, such as the kitchen benches. We have selected large format materials so that there are minimal joins or linework and a select few finishes that are purposeful. Everything is smooth and elongated to create a bold yet timeless feel as you walk into the space.&rdquo;

[smartcode_project:default project_id=109813 project_image_fid=197992]

Storage and joinery have also been designed to appear more like art or stylised furniture pieces, with apartments featuring timber flooring, large format porcelain benchtops, Terrazzo tiles and nickel hardware.

Residents will also benefit from integrated fridges with Smeg kitchen appliances, and built-in laundry appliances, with remaining apartments priced from $795,000.

[smartcode_project_cta: project_id=109813]

Set across six levels with 56 large residences, Oasis’ configuration maximises access to almost 180 degree ocean views stretching north from Point Cartwright all the way down to the Caloundra Headland.



Cube's Sunshine Coast apartment development, Oasis: A subtropical, resort-style nod to its coastal environment

The Melbourne-based property developer, Little Projects, has topped out its Signature Broadbeach project,&nbsp;the biggest residential development to hit Broadbeach in over a decade.

Signature Broadbeach, which commenced construction in late 2019, has successfully completed the concrete structure of the development by pouring the final roof slab in the&nbsp;245 apartment high rise.

Signature Broadbeach is the first Gold Coast development for the Melbourne-based Little Projects, fronted by high-profile Melbourne businessman Paul Little who boasts a successful development record across multiple market sectors. Signature is a joint venture with KM Develop.

[smartcode_project:default project_id=6993 project_image_fid=34022]

Leighton Pyke of Little Projects says he is delighted to see Signature Broadbeach taking shape and is looking forward to welcoming residents in the coming months.

&ldquo;It is incredibly exciting to celebrate the extraordinary progress of the building,&rdquo; Pyke said.

&ldquo;We are very proud to be topping out the Signature development, as we get closer to welcoming our residents to their brand-new apartment and vibrant beachfront lifestyle here in the Broadbeach precinct, where demand remains strong.

[smartcode_project:default project_id=6993 project_image_fid=34023]

&ldquo;For buyers, completing the roof slab and &lsquo;topping out&rsquo; means we are now one step closer to completion and we can&rsquo;t wait for those who purchased to be able to call Signature Broadbeach their home.

&ldquo;Once complete, owners of a Signature apartment can look forward to indulging in refined beachside living, rich in understated elegance and with 5-star resort style amenity.&rdquo;

&ldquo;With the building structure finished, we continue to focus on the close out of the fa&ccedil;ade and completion of the internal apartment fit out&rdquo;.

On completion, Signature is set to be one of the largest residential developments to ever grace Broadbeach, comprising of 245 luxury apartments with a combination of one, two and three-bedroom apartments.

Earmarked as one of the Gold Coast&rsquo;s most luxury projects, Signature Broadbeach will home a host of premium inclusions for residents, including The Deck which will comprise an entire level of exclusive amenities, including lush, landscaped lawn areas, barbecue and teppanyaki facilities, a private lounge and dining room, sauna, steam room and spa, gym, cinema, and the Gold Coasts first 50-metre infinity edge lap pool.

[smartcode_project:default project_id=6993 project_image_fid=34075]

Signature benefits from its quiet location at 12-18 Philip Avenue in Broadbeach, which is within walking distance of Pacific Fair, Star Casino, the Gold Coast Convention and Exhibition Centre and the caf&eacute; and dining heart of Broadbeach.

&ldquo;Signature&rsquo;s location in the heart of Broadbeach provides residents with access to unsurpassed amenities in an unrivalled location,&rdquo; Pyke added.

&ldquo;Broadbeach has the best of it all, with just a short walk to the famous beaches and a bustling entertainment precinct with world-class shopping and the best dining on the Coast.&rdquo;

The sell-out of the Signature project came 12 months ahead of its completion and the success signalled to Little Projects that it had found its niche in the Gold Coast market.

The international award-winning property developers, who established themselves in 2006, have delivered and sold more than $2.5 billion of property since their inception, with the group already planning another Broadbeach development in Aperture Broadbeach

[smartcode_project_cta: project_id=6993]

Proposed as a striking new addition to the Broadbeach strip, Little Projects in a joint venture with KM Develop staged the ‘topping out’ ceremony to mark reaching the highest point of the build.

Sold out Signature, Broadbeach apartment development, tops out

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Alison Warters

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