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The Gowings and State Theatre Buildings restoration and hotel conversion has received an award for best Urban Renewal from The Urban Development Institute of Australia (UDIA).
As part of the UDIA NSW Austral Bricks Awards for Excellence, the project was deemed by judges as an “outstanding example of the adaptive reuse and conservation of two underutilised State heritage-listed buildings.”
<img alt="gowings-aug-7-one" height="194" width="470" src="/images/stories/2013/08/gowings-aug-7-one.jpg">
It was noted that despite encountering a range of construction difficulties to complete the intended 196 room hotel, restaurant and day spa, Woodhead Architects managed to overcome the obstacles and keep the operating theatre functional throughout the $55 million redevelopment.
The Gowings building, once regarded as one of the most prominent and famous stores in Sydney, eventually closed and  was purchased in 2006 for $68 million by the neighbouring, Amalgamated Holdings Limited, who have owned the art deco style State Theatre since it was built in 1929.  
The judges further added that the renewal of the iconic buildings ensured their ongoing survival and provided luxury tourist accommodation to the market and enhance the character of the CBD.

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Gowings and State Theatre restoration wins UDIA best Urban Renewal award

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The Urban Development Institute of Australia (UDIA) has awarded the 22B Norwest Project in Norwest Business Park, Sydney the award for best retail and commercial development.  
Designed by the Sydney-based Taylor Construction Group, <a href="https://www.taylorconstruction.com.au/project-detail.php?project_id=71" target="_blank">the seven-storey, mixed use complex</a> features a cafe, three level car park and nearly 11,000 square metres of office space, specialty showrooms and serviced apartments over seven levels run by Medina Apartment Hotels.
To create cost savings on the project, initiatives were introduced which including pre-finished, load bearing partition walls to the apartments which saved on both structure and finishes.
The judges commented that developing a ‘high value but underutilised site’ affected by the GFC, borrowing constraints and a slow market required ‘guts and determination’ and ultimately helped establish 22B Norwest as a leading example of high quality-mixed use developments.

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Sydney's 22B Norwest project picks up ADIA award for best retail and commercial development

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Brookfield Place in Perth has been named development of the year as part of the Urban Taskforce Australia's Development Excellence Awards.

The building (pictured below) currently occupied by BHP Billiton and developed by Brookfield, was noted for reinvigorating surrounding spaces and its sustainability rating.
<img src="/images/stories/2013/08/brookfield_aug_30_one.jpg" width="470" height="268" alt="brookfield_aug_30_one">

“It is an elegant addition to Perth’s skyline. It has restored heritage buildings at street level and created a series of bustling urban spaces. It innovates in providing flexible working spaces for high quality tenants. It achieves a 5 star Green Star rating and has 86,000 square metres fully let making the project a commercial success,” said NSW government architect and jury chair, Peter Poulet. 
The Eclipse Tower in Parramatta by Leighton Properties with Grosvenor Australia received the commercial development award.
<img src="/images/stories/2013/08/parramatta-aug-30-two.jpg" width="470" height="578" alt="parramatta-aug-30-two">

“Eclipse is a demonstration of the importance of delivering jobs to Western Sydney and to Parramatta,” commented Poulet.

“Leighton [Properties] has developed a top quality 19 level office building that came through the Global Financial Crisis with full financing and has now been sold at a Parramatta record value to Retail Employees Superannuation Trust. The commitment of the developer to driving design quality as well as commercial outcomes for a commercial office building has added great confidence to Parramatta as a location for more buildings like this.”

The residential development award went to 74 level residential tower, Soleil (pictured below), in Brisbane’s city centre developed by Meriton. 
<img src="/images/stories/2013/08/brisbane_aug_30_one.jpg" width="470" height="317" alt="brisbane_aug_30_one"> 
“Soleil demonstrates that very tall residential towers can be well designed and be commercially successful,” said Poulet.
The innovative development award was given to apartment building Forte, at Melbourne’s Victoria Harbour developed by international property and infrastructure group, Lend Lease.
Deemed as the world’s tallest timber apartment building at 10 storey’s, Forte (pictured below) uses Cross Laminted Timber construction and is considered to be the world leader in this application.
<img src="/images/stories/2013/08/victoria_harbour_aug_30_onw.jpg" width="384" height="384" alt="victoria_harbour_aug_30_onw" style="display: block; margin-left: auto; margin-right: auto;">
“The use of timber has excellent sustainability qualities and reduced construction time considerably as the laminated timber panels are made in a factory and assembled on site. To manage commercial risk sales only occurred when the building was completed and it is now fully occupied,” adds Poulet.

Urban Taskforce CEO, Chris Johnson said this year’s Development Excellence Awards demonstrated that the development industry is being effective in lifting Australia’s prosperity.
“Developers are part of the service industry providing products that communities need at prices they can afford,” Johnson said.

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Perth's Brookfield Place named Urban Taskforce development of the year

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Melbourne’s first inner-city residential development situated within resident only parklands is now underway with Malaysian-based developer SP Setia partnering with Fender Katsalidis Architects and prominent Australian garden designer, Paul Bangay.

Located on 557 St Kilda Road next to Wesley College, the project known as Parque is a 9,000 square metre site with a planned 332 apartments and 6,000 square metres of private parklands with exclusive access to residents.

Inspired by its Victorian-era setting, Bangay blended the contemporary design of the building with the heritage-protected park’s existing 19th Century features, incorporating the 150-year old elm trees and hedges into the development.
“Parque’s entire building has been designed to take advantage of the site’s outlook and proximity to the garden,” said SP Setia Melbourne CEO Choong Kai Wai. “We wanted to provide residents with a beautiful home amongst nature.”

The building will not be short on luxuries, with level eight providing a 25-metre infinity pool and private outdoor lounge to residents and level 11 featuring an outdoor BBQ area, massage room and onyx relaxation room.

At ground level the foyer will provide 24 hour concierge services as well as a personal laundry service and picnic baskets for use in the park.

The project is being marketed by Andrew Leoncelli from CBRE
Parque will have various open plan apartments available for purchase with a one bedroom apartment ranging from 45 square metres to  58 square metres available for $410,313 and a one bedroom apartments with study from 55 square metres to 65 square metres starting at $530,000.

Two bedroom apartments from 66 square metres to 80 square metres starts at $669,222, and three bedroom apartments from 108 square metres to 134 square metres starts at $1.3 million.
<img height="127" width="470" src="/images/stories/2013/07/yieldsbanner.jpg" alt="yieldsbanner">
The 205 square metre penthouse can be purchased for $3.1 million.

The display suite will be open late August.
Construction is expected to commence in mid 2014 and is due for completion in mid-2016.
<img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone">
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Fender Katsalidis-designed St Kilda Road trophy apartments to offer residents Paul Bangay-designed private park

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Sydney-based Architectural firm Tonkin Zulaikha Greer has been awarded the Romaldo Giugola Award for Public Architecture for its work on the Village Centre - National Arboretum.
The venue hosted the 2013 ACT Architecture Awards, which were held on Saturday night.


"Through the application of distinctive materials and a curvilinear form that displays subtle empathy with surrounding landforms, the architects have ensured that the National Arboretum will become one of Canberra’s most notable iconic buildings," the jury said.

The firm, which formed in 1987, has an extensive portfolio that includes a RAIA award winning library for the Royal Blind Society.
There have also been state and national RAIA award winning projects incouding the Hyde Park Barracks, the Hastings Cultural Centre at Port Macquarie and the redevelopment of The Newtown Silos.
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Tonkin Zulaikha Greer wins public architecture award for its National Arboretum

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Architectural firm Fender Katsalidis, responsible for designing Melbourne’s Eureka Tower, has been awarded the Canberra Medallion, the territory’s highest honour at the Australian Institute of Architects' 2013 ACT Architecture Awards.


The firm's project at 2 and 4 National Circuit Precinct (pictured below) was also recognised with the Sir John Overall Award for Urban Design.
{yoogallery src=[images/stories/2013/06/june24fender]}
‘A clear and sensitive introduction of new commercial architecture into the heritage-listed former patents office and a brown field site that creates a comfortable and inviting space consistent with the aim of increasing urban density around the parliamentary triangle,’ the jury said of the project.

Established in 1996, Fender Katsalidis' portfolio also boasts the Melbourne based projects Ian Potter Museum of Art, the Argus Centre, the Republic Tower as well as an upcoming skyscraper for 2015 slated to be the southern hemisphere’s tallest six-star/apartment building.

Previous awards won by the firm include the 2007 RAIA Harry Seidler Award for Commercial Architecture and the AIA Award for Commercial Architecture in 2008.
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Fender Katsalidis claims top gong at Australian Institute of Architects 2013 ACT Architecture Awards

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Harness racing legend Brian Hancock has retired from the racing industry and subsequently put his Calderwood property, Teeny Lodge on the market for the first time in 40 years. 

<a href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-calderwood-113961907" target="_blank">The 22-hectare property</a> where Hancock made his name as a champion driver and trainer, sits at the foothills of the Great Dividing Range in the Illawarra region of NSW with close proximity to the Southern Highlands vineyards and scenic South Coast beaches. 

Named after Hancock’s first champion pacer, Teeny Rena, the former dairy farm which has since chronicled a record-breaking five Inter Dominion wins can now be further developed pending council approval, due to its status as General Rural. 

Included on the property are three homes, the first is owner-occupied with four bedrooms, two bathrooms and garage for two cars.

The other dwellings include a four-bedroom, two-bathroom house with garage rented for $450 per week while a three-bedroom, one-bathroom house is rented for $250 per week.

Teeny Lodge also comes equipped with 34 stables, 8 walk in-walk out boxes, blacksmith shop, office, hay and truck shed, stockyards, brood mare servicing barn, nine paddocks and a 700m training track.

Onsite water facilities are available with four water tanks retaining a capacity of 378,000 litres along with a permanent creek and large dam.

Andrew Hedley of Bevans Wollongong is running the expressions of interest marketing campaign.
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Harness racing legend Brian Hancock's Teeny Lodge listed

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Architect Andrew Verri of Jigsaw Housing has won the ACT Emerging Architect Prize at the Australian Institute of Architects’ 2013 ACT Architecture Awards.
The awards were held on Saturday night at the National Arboretum in Canberra.
<img alt="verrijune24one" src="/images/stories/2013/06/verrijune24one.jpg" width="370" height="553">
"Andrew’s commitment to smaller, smarter, sustainable homes is providing significant leadership within the architectural profession and the residential construction industry more broadly," the jury said.

Verri has been an active member of the Australian Institute of Architects for over 10 years, serving on its sustainability and practice committees.
Jigsaw Housing was established three years ago and also won the Clean Green Category and Business of the Year in the Canberra Business Point Awards last year.
His company also won the award for Environmental Innovation at the 2012 Sustainable Cities Awards and was voted in the Top 50 Your Future Home Sustainable Building Leaders 2012 by the general public.
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Jigsaw Housing's Andrew Verri wins emerging architect prize at 2013 ACT Architecture Awards

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Paul Berkemeier has become the 74th national president of  The Australian Institute of Architects.
Berkemeier was awarded Master in Architecture from Harvard in 1983. He is known for working with fellow architect Ken Maher in the redesign of Sydney's Luna Park in the early 1990s and also his design of the of Australian Shearers Hall of Fame at Hay.
He has extensive experience in large scale urban design and planning and public buildings working with the Commonwealth Government.
He was an associate director of Denton Corker Marshall before establishing his own practice, Paul Berkemeier Architects Pty Ltd in 1988.
His professional achievements include winning the unimplemented international design competition for the Barangaroo development in collaboration with Thalis and Jane Irwin Landscape.
His recent works have included the Maitland regional art gallery in partnership with Barry McGregor &amp; Associates for Maitland City Council.
He holds a position teaching students in the faculty of aArchitecture at University of Sydney.
"I consider it a great privilege and honour to be entrusted with this role and I look forward to working with fellow members and Institute staff to gain the recognition that the value of design warrants,’ he said.

Berkemeier succeeds Melbourne-based architect,<a href="/news"> Shelley Penn</a>.

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Paul Berkemeier - designer of Australian Shearers Hall of Fame - appointed Australian Institute of Architects 74th president

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The drummer for indie punk band The Meanies, Mark Hobbs, has decided to make a sea change to Williamstown.
He and wife Bridget Monro-Hobbs have put their four year old Yarraville home on the market.  
Marty Rankin of Village Real Estate expects the <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/VIC/Yarraville/?adid=2010477933">Brooks Place</a> home, which was renovated by Hobbs four years ago, to fetch $870,000 plus.  
Strikingly designed by Santo Architects, the 264-square-metre European style property features three bedrooms and two bathrooms.  
The land was bought in 2005 for $200,000.
The house is still under builders warranty and has a certified five-star energy rating.
The auction is scheduled for June 15.
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Meanies drummer Mark Hobbs lists Yarraville home

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

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]

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.”

Glenn Dwyer

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