The beachfront Main Beach Parade strip is set for a new high-end apartment tower.

Gold Coast businessman and hotelier&nbsp;Bruce Donnachy has been given the green light by the Gold Coast City Council for a 20-level, 16-apartment tower at 3571 Main Beach Parade.

The plans were scaled back a tad from what was proposed nearly 12 months ago. Initially Donnachy sought 24 apartments across 20 levels. Now they're all full-floor apartments.

Donnachy had amalgamated two sites to create nearly 900 sqm on the prized beachfront side of Main Beach Parade. 
<img alt="Render of the Main Beach Parade development " data-entity-type="file" data-entity-uuid="06de698c-e211-4c75-8809-604523081d2e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-24%20at%209.54.27%20pm.png?VersionId=bmVOvguDnq5UqHVuCbU4BCYMiJQrYcYZ" /> 
The approved Main Beach Parade development. Image credit: BDA

Local architecture firm BDA were tasked with creating a coastal, luxury residential building that provides a five-star resort feel, with a range of large, sizeable apartments.

“The timeless architecture will set a new benchmark in the Main Beach Precinct,” BDA said in their submission to the Gold Coast City Council.

&nbsp;

“The architecture of the proposed luxury residential development is composed of simple curved and linear forms, white concrete spandrels, a textured and timeless material palette of travertine stone and timber screening, creating a rich and layered coastal effect.”

<img alt="3571 Main Beach Parade" data-entity-type="file" data-entity-uuid="c82564cf-b5f2-4636-a8f5-0490d63ff0f1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-25%20at%2012.40.43%20pm.png?VersionId=jr8NeOseg2BEtmi3HxI5rvs6Th6_U2Pt" />

“A series of planters on the facade add a layering and softening of the built form, reinforcing the importance of sub-tropical design.”

The project offers a mix of apartment types. The majority of apartments have three bedrooms. There's two-level penthouses, and a two-storey beach house.

<img alt="An aerial of where the Main Beach Parade site is" data-entity-type="file" data-entity-uuid="bf15f867-4a24-4736-8c8f-d767920c27d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-25%20at%2012.40.07%20pm.png?VersionId=wC8vTSRALC9wblL8ITxnFh9iaXPlnjEP" />

“The mix of high-end liveable apartment types provided will provide a five-star level of housing that is lacking in the Main Beach precinct," BDA added.

The communal recreation facilities containing gym, multipurpose room, pool, pool-deck and barbecue area are located at Level 10, allowing an opportunity for a building break and greenery to the facade.

Donnachy had amalgamated two sites to create nearly 900 sqm on the prized beachfront side of Main Beach Parade.


alisonwarters@gmail.com

New "five-star level" Main Beach Parade apartment tower approved

ASX-listed property developer Cedar Woods has achieved topping out of its final residential building in its Clayton South community, Jackson Green.&nbsp;

The Aster Apartments will add to the three existing residential buildings in the $230 million masterplan Jackson Green, which also includes 151 townhomes across 6.5 hectares.

Launched in July 2020, Aster Apartments received interest from both first home buyers and investors during and after the COVID-19 pandemic, with the building achieving 86 per cent sell-through in October this year.

[smartcode_project:default project_id=4124 project_image_fid=187628]

Cedar Woods’ Victorian Development Director James Bovell says the success of Aster Apartments demonstrates the strength and resilience of Melbourne’s suburban apartment market.

“We’ve seen strong and consistent demand for apartment living outside of the CBD and city fringe areas, with many purchasers wanting to pursue a low-maintenance lifestyle with a community feel – especially with the emergence of hybrid work,” said Bovell.

“Aster Apartments offers a low-maintenance alternative to a standalone home and caters to a wide range of purchasers, who are increasingly looking to be part of an established community development in close proximity to lifestyle outlets, schools, and green space.”

[smartcode_project:default project_id=4124 project_image_fid=203080]

The Jackson Green development has been designed with sustainability in mind, with features double glazing, a photovoltaics system which will provide power and lighting to communal areas, a water reuse system, communal electric vehicle charging, and Tesla ride share program, elements which Bovell says speak to the future of what purchasers will look for when purchasing a home.

“By placing sustainability at the heart of Jackson Green we have been able to deliver a community that benefits both the residents of Jackson Green and the broader community of Clayton South,” said Bovell.

Comprising 128 one, two and three-bedroom apartments, Aster Apartments are set across three buildings, with open-plan layouts, private courtyards and balconies and stainless steel appliances.&nbsp;

[smartcode_project:default project_id=4124 project_image_fid=203081]

The development is well serviced by existing infrastructure such as Monash University, Monash Medical Centre, Clayton Shopping Centre, two train stations, cafes, restaurants, hospitals, golf courses and some of Melbourne’s best recreational trails.&nbsp;

Aster is also on the doorstep of the Monash Employment Cluster, which boasts the largest concentration of jobs outside of Melbourne CBD.

Internal fit outs of the Aster Apartments is now underway, with an anticipated completion date of February 2023.

[smartcode_project_cta:default project_id=4124]

Launched in July 2020, Aster Apartments received interest from both first home buyers and investors during and after the COVID-19 pandemic

Cedar Woods top out final residential building in Jackson Green, Clayton South community

The Andrews Labor Government is supersizing the popular Victorian Homebuyer Fund, committing $1.1 billion to triple the size of available support and help thousands more Victorians realise their dream of owning a home.

The new funding will add to the $500 million existing investment in the shared equity scheme that makes home ownership more achievable for many Victorians.&nbsp;

So far, the fund has helped more than 2,000 Victorians buy a home with an additional 1,000 applicants approved to start house-hunting knowing they have a secure funding partner.

[smartcode_project:default project_id=3260 project_image_fid=206129]

Treasurer Tim Pallas said the fund had been popular for a number of reasons, namely helping people get into their own homes quicker with help from a secure partner.&nbsp;

“Thousands more Victorians will now be able to realise their dreams with this new injection. Combined with the First Home Owner Grant and first home buyer stamp duty relief, it can make a massive difference.”

Through the shared equity scheme, eligible participants require only a five per cent deposit and the Victorian Government provides up to 25 per cent of the purchase price of the home, reducing the size of participants’ mortgage repayments and also saving lenders mortgage insurance.

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Participating homeowners can buy out the Government’s share at market value over time, with payments reinvested to help other aspiring homebuyers get into the property market.&nbsp;

The scheme is open to homes valued below $950,000 in Melbourne and Geelong, and $600,000 in regional Victoria.

The new investment will open the door to home ownership to a further 7,000 people, taking the total to 10,000.

More than half of the Victorian Homebuyer Fund’s successful homeowners are first home buyers, who are also eligible for other significant Andrews Labor Government grants and stamp duty exemptions and concessions.

[smartcode_project:default project_id=2929 project_image_fid=201026]

The typical Victorian Homebuyer Fund member to date has paid an average deposit of $35,000 on a property purchase price of around $650,000, with the Fund contributing shared equity of $155,000.

The Victorian Homebuyer Fund was launched in October last year, working with the Commonwealth Government as it prepares its Help To Buy shared-equity scheme, which will add to the choices available to families and individuals.

The Labor Government’s support for first-home buyers last financial year topped $1.1 billion, with $801 million paid in stamp duty exemptions and concessions to more than 44,000 purchasers, $223 million paid in $10,000 First Home Owner Grants and $150 million contributed in Victorian Homebuyer Fund shared equity.

The extension of the Fund will be aided by a new lending partner, Indigenous Business Australia (IBA), which will be supporting more Aboriginal and Torres Strait Islander participants into the scheme. 
 
Louise, St Kilda Rd, is featured in the main image.

The scheme is open to homes valued below $950,000 in Melbourne and Geelong, and $600,000 in regional Victoria. 

The Louise development at 8 Louise Street in Melbourne, main image

Victorian Homebuyer Fund receives $1.1 billion boost: What this means for homebuyers

Third.i has quickly secured 80 per cent of sales at its $35.5 million Sable at the Jetty project in Coffs Harbour.

The development approved project will deliver a collection of one, two and three-bedroom apartments starting from $650,000 and rising to $2.35 million.

Early works expected to commence this year, with completion slated for mid 2024.&nbsp;

<img alt="Render inside one of the Sable at the Jetty residences." data-entity-type="file" data-entity-uuid="50af8709-1128-4b99-b5ce-a03281dea165" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CollingwoodEdgar_View_03B_Apt504_Living%20FINAL2_0.jpg?VersionId=3hxj0M7y1mUHkWGVBwJ0ituKvJvNkuzK" />Render inside one of the Sable at the Jetty residences.

Third.i Co-Founder Luke Berry said Third.i’s debut Coffs Harbour project is helping to fill a gap in the market for quality coastal homes and the demand isn’t showing signs of slowing down.

“Sable at the Jetty is our first project here at Coffs Harbour, so we’ve ensured it exceeds expectations and lives up to the legacy I know it will leave for the region. Encouragingly, sales results at our launch event last week show us we’ve done exactly that,” Berry said.

“It’s all about elevating our buyer’s lifestyle, with premium apartments and different layouts and configurations to suit each and every one of our potential buyers.

“The interest received prior to launch has shown demand for this type of product isn’t slowing anytime soon, and we can’t wait to kickstart construction and bring this project to life,” Berry added.&nbsp;

<img alt="Render inside one of the Sable at the Jetty residences." data-entity-type="file" data-entity-uuid="8af85df8-ca81-4edb-b510-1b5eb8e74101" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CollingwoodEdgar_View_06B2_Apt502_Living%20FINAL2_0.jpg?VersionId=zRnRRznoo0Y.BBv.6qkw4Ou7RNIiyzjr" />Render inside one of the Sable at the Jetty residences.

Designed by Third.i team Design Manager Luke Mahaffey, Sable at the Jetty draws inspiration from the surrounding coastal context, incorporating colours and textures reminiscent of the nearby ocean and sand, as well as the local flora and fauna.&nbsp;

Located on the corner of Collingwood and Edgar Streets, the site is within walking distance to the beach, along with a number of local schools, cafes and shops. Numerous transport links will also be on offer from the steps of Sable.&nbsp;

“The Jetty is an icon for the city and has come to symbolise the next major chapter of the city’s economic growth. Whether you’re looking for somewhere to raise a family, or downsizing to simplify your life, these apartments are sure to be a great investment,” Berry said.

<img alt="Render of the landscaped communal space in Sable at the Jetty" data-entity-type="file" data-entity-uuid="ecf23ce9-518e-4963-858c-086b173645ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CollingwoodEdgar_View_10C_Communal_Space%20FINAL.jpg?VersionId=uspMnj_3QnMGeU8AUXbAUmG6n2u22RCr" />Render of the landscaped communal space in Sable at the Jetty

&nbsp;

“With the convenience of the city centre close by, yet outside of the hustle and bustle, Sable is perfectly located for convenience and peace of mind. A range of gyms, shops, cafes and restaurants, as well as transport options are all within walking distance.”

The latest offering from Third.i joins a growing list of developments across Australia’s eastern seaboard, including Dairy Farmers Towers and Merewether Residences in Newcastle, as well as Balfour Place in Lindfield.

Luke Berry said Third.i’s debut Coffs Harbour project is helping to fill a gap in the market for quality coastal homes and the demand isn’t showing signs of slowing down.

Thirdi.i’s Sable at the Jetty splashes onto the market selling over 80 per cent of residences in three days

Inspired by the lush, green landscape of Newlands Park, Hyecorp’s Audrey in St Leonard's occupies&nbsp;a one of a kind position where sweeping views of the neighbouring park and Sydney city skyline present themselves from every aspect.

Located at 13-19 Canberra Ave, the DA-approved Audrey benefits from all that comes with being tucked away in the urban epicentre of the lower North Shore.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=192150]

With construction due to commence shortly, and completion slated for mid-2024, buyers in the St Leonards project will soon enjoy an enviable address complimented by park front living, while being just five kilometres from the Sydney CBD.&nbsp;

Residents will also be just 200 metres from the upcoming open air Civic Plaza, which is set to feature a modern retail and dining precinct which will include a Coles and a brand new public library.

St Leonards Train Station is located 450 metres from Audrey, while the Royal North Shore Hospital is only 750 metres away.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=198678]

Audrey will also have the rare added convenience of an onsite daycare centre, which will feature both indoor and outdoor learning environments where children are encouraged to explore and learn.

St. Leonards is a premier education location with residents set to enjoy easy access to numerous top-tier schools in the suburb and nearby, including the selective schools North Sydney Boys and Girls High School.

Within close proximity to the bustling Crows Nest, Audrey is also within reach of Chatswood, with both destinations providing ample shopping, dining and recreational offerings.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=198978]

Buyers will also benefit from the upcoming Metro Train Station, set for Crows Nest in 2024, with a train from the station getting commuters to Martin Place in just seven minutes.

Audrey will comprise 81 apartments across 12 levels, offering a diverse mix of one, two and three-bedroom apartments, with each including either a separate study or a multi-purpose room.

Residents will have access to a suite of amenity, including an indoor pool and spa, a music room, cinema, personal training studio, an on-site cafe, a private dining room and an expansive rooftop terrace, as well as&nbsp;EV provisions for each carpark.

[smartcode_project_cta:default project_id=110379]

The St Leonards project enjoys an enviable address complimented by parkfront living, while being just five kilometres from the Sydney CBD. 

Defining a new St Leonards: How Audrey takes advantage of its prime location

Downsizers seeking the convenient lock and leave lifestyle apartments offer have found their home at Samuel Property’s inner city Melbourne development, Louise.&nbsp;

Having launched in July sales have been strong, with around 60 per cent of the sales so far going to downsizers. There's been around 90 per cent owner-occupiers all up, made up of about 20 per cent first home buyers.&nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199593]

One local downsizer said she had been looking in the market for the last five years and as a result was quite familiar with real estate agents and the overall process in buying a property.&nbsp;

“One of the challenges we’ve had is finding someone who can truly engage you and who you can trust when you’re looking at a purchase off the plan because what you see you might not get,” the downsizer said.&nbsp;

“When my husband and I came into the Louise office and met Darren [of Blair Property Group] we embraced his honesty, as he was very down to earth and very open, whilst also listening to our feedback.”

“It was actually Darren who came up with some wonderful ideas we hadn’t even considered but ultimately led us to purchase the apartment that we did,” they added. &nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199594]

Blair Property Group Founder, Darren Blair said the greatest feeling in a new project is building a community along the way.&nbsp;

“It stems from the notion that we are compiling a group of individuals from different backgrounds that will live together for years to come," Blair said.

“One of our core values as a business is to be people focussed. Through unwavering integrity, our business is focused on delivering an exceptional experience for all.”

Upon competition, Louise will deliver 88 apartments with a mix of one, two, three and four-bedroom floor plan configurations, with Blair noting the drop in apartment numbers due to many buyers choosing to amalgamate multiple floorplans to design their forever home.&nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199598]

Located on the corner of Louise St and Queens Lane, the aptly-named project has been designed by renowned architect firm Cera Stribley, in a nod to the surrounding art deco buildings.&nbsp;

In a bid to stay sympathetic to the characteristics of the nearby St Kilda Road, Louise’s form will take on a red brick and white terrazzo palette, complemented by scaling greenery.

As the tower ascends beyond the lower levels, projecting eaves fan out, creating a flowering effect inspired from the local Albert Park Sailing Club, while the concrete and glass skeletal exterior is visually split into two by a vertical seam running the entire length of the tower.

Internally, interiors boast unconventional material palettes with the traditional choice of light versus dark being swapped for either fresh sunrise or warm sunset themes.

[smartcode_project:default project_id=112174 project_image_fid=199605]

View lines have also been maximised where possible, and the upper floor residences benefit from vistas of Albert Park, Port Phillip Bay, and the Melbourne city skyline.

Samuel Property Managing Director, Illan Samuel said the location of Louise makes it a truly special project.&nbsp;

“With views that can never be built out, across a project that has under 100 apartments, that’s exceedingly rare to find within the locality,” he said.&nbsp;

"Together with Cera Stribley, we have worked tirelessly to consider the way a likely ‘Louise’ resident may live and use the spaces within the development.”

[smartcode_project_cta:default project_id=112174]

Samuel Property Managing Director, Illan Samuel said the location of Louise makes it a truly special project

Why downsizers are flocking to Louise apartments on Melbourne's St Kilda Rd

In off the plan property, both reputation and a solid track record are everything.

Ultimately it was the two combined which saw investors Phil and Linette Crowhurst buy two apartments in Tapestry, the arts-inspired Chevron Island apartment development by Siera.

[smartcode_project:default project_id=108641 project_image_fid=193359]

“We were looking specifically on Chevron Island and there were only a small number of projects going up at the time,” Phil said.&nbsp;

“Siera seemed like it had a great reputation and we understand that they’re maintaining the management rights for the building so that gives us comfort that the building will be looked after on an ongoing basis.

“It's their asset and our asset, and we’re very happy with that."

Siera recently branched out into the multi-residential Gold Coast apartment market, having previously created high-end townhouses in and around Brisbane.

[smartcode_project:default project_id=108641 project_image_fid=205167]

Their founder and managing director Brent Thompson, who sits on the board at the UDIA, spent six to 12 months splitting his time between Brisbane and the Gold Coast, understanding everything about the local market, what people were buying, and what was being developed.

Phil and Linette had too been watching the local market for quite some time, and had noticed the continued demand for quality apartments on the Gold Coast.&nbsp;

“From an investment point of view, there's been a huge influx of people coming up to Queensland and particularly the Gold Coast in the last couple of years for obvious reasons and the research we've done seems to state that that's just going to continue and demand for good quality apartments ideally will just continue to grow,” Phil added.&nbsp;

Phil said the reason they chose to buy off the plan was to essentially benefit from the launch pricing.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=192972]

“We bought off the plan to benefit from the launch pricing, which is generally cheaper as the prices escalate as demand increases and Tapestry has already gone up at least five per cent,” he said.&nbsp;

Located on Darrambal Street, Tapestry benefits from its enviable location, attracting keen owner-occupiers, the demographic which Phil and Linette are hoping to lease to.&nbsp;

“If you're prepared to live in your investment, then your tenants will be too, and that's really key – and we would definitely live here,” Phil noted.

“We were specifically looking for non holiday let investments more so to lease to families or singles,” Phil said.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=205167]

Nearby to not only the redeveloped HOTA precinct, Tapestry also benefits from sitting close to a number of restaurants, retail, and recreational offerings as well as being just a bridge away from Surfers Paradise.&nbsp;

“Tapestry is certainly in a great location. It's not right on the beach and it's not in the hinterland but it still has a green aspect to it. It's got a lot of great infrastructure, a nice main street with Thomas street offering plenty of great restaurants, along with access to HOTA across the bridge and plenty of parklands and areas for kids to play. It just seems to be really well located."

Within Tapestry residents will be at home to a suite of resort-inspired amenities, including a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

[smartcode_project:default project_id=108641 project_image_fid=192964]

Linette said she loved the&nbsp;rooftop amenities and everything that it has to offer.

“The resort style pool, the alfresco barbecue area and the most important for me, being a gym junkie, is the sky gym,” she said.&nbsp;

Tapestry will deliver 113 residences upon completion in late 2024.&nbsp;

[smartcode_project_cta:default project_id=108641]

Phil and Linette had been watching the local market for quite some time, and had noticed the continued demand for quality apartments on the Gold Coast.

Why an investor bought two apartments in Chevron Island's Tapestry

Integrated Australian property development group, Aqualand has joined forces with Qualitas, one of Australia's leading alternative real estate investment managers to announce what is believed to be one of the largest property development project finance arrangements provided by an alternative financier in Australia.

The circa $600 million funding package will be used to complete Aqualand’s mixed-use North Sydney project, Aura by Aqualand which will deliver luxury residential, retail and commercial opportunities upon completion.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202986]

Wayne Mo, CEO of AL Capital Holding, Aqualand Group’s fund management arm, and Acting CFO of Aqualand, said the partnership with Qualitas has come at an important time in the company’s progression. &nbsp; 
&nbsp; 
“Aqualand is currently in the midst of its strongest growth period and is well placed to be at the forefront of property development in Australia for decades to come. Strategic partnerships of this nature will assist us in making this possible,” said Mo.

Located at 168 Walker Street in North Sydney, AURA by Aqualand will accommodate a luxury 28-level mixed-used development including 386 residential apartments, a retail and dining precinct and commercial spaces. &nbsp; &nbsp;

The project has been popular with buyers with a strong level of early pre-sales, with the third release of apartments recently announced for sale.

[smartcode_project:default project_id=30959 project_image_fid=202656]

Mark Fischer, Global Head of Real Estate and Co-Founder of Qualitas Group, said AURA by Aqualand is a model for future residential development.

“Landmark projects such as AURA by Aqualand, that contribute to urban regeneration and which are developed with a commitment to sustainability, are imperative in the major Australian gateway cities experiencing historically low vacancy rates and heavily constrained supply of new residential products,” said Fischer.

Being delivered by Aqualand Group’s award-winning in-house construction team, Aqualand Construction, the project is well underway, with the underground carpark and podium level floor plates already completed and the residential levels now reaching past the fifth floor.

The 4,898 sqm site is positioned to contribute to the reactivation of the North Sydney CBD as a premier residential destination, due to its location on the doorstep of the council’s Ward Street Precinct masterplan.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202655]

Jin Lin, Managing Director, Aqualand Group, said the project is set to play a major role in the revitalisation of the North Sydney CBD.

“As more government and commercial investment unfolds over the coming years, with 19 key projects in the area and the addition of more new parks and plazas, it represents a new era for North Sydney, and we’re fortunate that AURA by Aqualand is perfectly positioned to play such a key role,” said Lin.&nbsp; 
&nbsp; 
Residents will benefit from connectivity to the Sydney CBD with the completion of the new underground Victoria Cross Sydney Metro Station commencing operations in 2024, with a new Northern Portal providing access to the station currently being constructed immediately adjacent to the site.&nbsp;

Practical completion on Aura is expected by mid-2024.&nbsp;

[smartcode_project_cta:default project_id=30959]

The circa $600 million funding package will be used to complete Aqualand’s mixed-use North Sydney project, Aura by Aqualand which will deliver luxury residential, retail and commercial opportunities upon completion. 

Aura by Aqualand to be funded by one of Australia’s largest non-bank loans

Marking the fourth and final release in Coronation Property’s urban renewal project The Paper Mill Precinct, The Foundry reimagines riverfront living at the revered Liverpool address.

Offering a variety of designer high-rise residences and ground floor laneway apartments, the residences are set amongst lush landscaping, complete with a fully equipped Techno-Gym gymnasium and rooftop terrace featuring an infinity pool and exclusive resident gardens.

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Designed by an award-winning architecture team in SJB, The Foundry is home to a collection of one, two and three-bedroom apartments.

Starting from $497,000, the one-bedroom apartments are perfect for first home buyers or investors. Spanning from 53 sqm to 58 sqm of internal and external space, and offering a variety of floorplans that include either an additional study space or a media room, these apartments offer buyers that little extra needed space.

Each of the apartments are equipped with an entertainer’s balcony, along with engineered floorboards, spacious built-in wardrobes, internal laundries, quality DeLonghi appliances and premium joinery and finishes.&nbsp;

[smartcode_project:default project_id=5847 project_image_fid=200500]

Following an open-plan design, each of the residences are intentionally designed to celebrate the natural surroundings, be it overlooking the river or, views towards the city and the mountains.

With a contemporary facade that pays homage to the site’s rich history, The Foundry is constructed from a mix of masonry and forecast elements in a nod to the heritage and original brick buildings from the site.&nbsp;

Expressed as three separate elements, the building is structured around a predicated void and landscaped ground floor atrium that soars up through the centre of its 17 storeys.&nbsp;

[smartcode_project:default project_id=5847 project_image_fid=206087]

Opening out on top of the building is the 1200 sqm rooftop deck, offering views to the neighbouring Georges River and beyond.&nbsp;&nbsp;

Residents of The Foundry can also enjoy living on the doorstep of one of Western Sydney’s most treasured culinary destinations, The Paper Mill Food which boasts four unique eateries and a selection of private dining and event spaces.

[smartcode_project_cta:default project_id=5847]

Designed by an award-winning architecture team in SJB, The Foundry is home to a collection of one, two and three-bedroom apartments.

Inside The Foundry's one-bedroom apartments 

Defined by its diversity, Bankstown is a hidden gem among Sydney.&nbsp;

International developer, Poly Australia are taking to the suburb to deliver their latest residential project, Spring Square, which is set to give new life to the south-west suburb.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

The masterplan has been inspired by vertical communities around the globe, tailored to uplift Bankstown, enlivening its people and their lifestyle.

“With Bankstown in the midst of such growth, this new precinct will deliver a completely new lifestyle experience for those who live here and those who visit,” said Poly.

Spring Square at 32 Kitchener Parade, has been designed to complement and enhance its architectural neighbours, with its contrast of tonal brick, extensive glazing and vertical louvres working harmoniously to redefine the district’s skyline.&nbsp;

Built across five towers, a mix of one, two and three-bedroom residences will be delivered, with a range of single and double-storey layouts, as well as crossover arrangements.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47630]

Bankstown’s central location within Sydney, along with its elevation, makes it one of the highest vantage points.&nbsp;

From here, you can take in expansive district, Sydney CBD and Olympic Park views, with each of the towers designed to maximise these outlooks.&nbsp;

“We’ve designed Spring Square to really take in these views and it's been built so you can enjoy all the outlooks."&nbsp;

“This is something completely unique for the south west.”

[smartcode_project:default project_id=7054 project_image_fid=47628]

With sustainability no longer an optional extra for residential design, Poly Australia is implanting a raft of measures at the Bankstown precinct to follow suit, including greywater recycling, central hot water system, solar panels, and air-conditioning with high energy efficiency ratio. The project is also BASIX rated for water efficiency.

[smartcode_project_cta:default project_id=7054]

The masterplan has been inspired by vertical communities around the globe, tailored to uplift Bankstown, enlivening its people and their lifestyle.

Spring Square by Poly launches to market

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>

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Alison Warters

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