Jeff Xu's Golden Age Group is tapping into the heightened demand for family size living in Glen Waverley, a trend that is only expected to grow given the increase in population forecasts in the booming Melbourne suburb.

By the end of 2041, the population of the suburb of Glen Waverley is expected to reach almost 56,891, up over 10,000 from its current population of 46,653.

Since the 1990s, with the sale of surplus government and utility land, and the ongoing conversion of unused school sites to residential zoning, many new development opportunities have arisen. These opportunities, as they are seized upon, are delivering significant opportunities for developers, local government, local businesses, investors – and the householders themselves who can finally settle in the suburb of their choice because of more affordable choices in family-size, low-maintenance housing options.

<a href="/developments/glen-waverley-vic-3150">Glen Waverley</a> is part of the City of Monash – an area characterised by its diversity in ethnicity and nationalities. A significant percentage of its homes are owned outright, mostly by long-term residents, many of whom continue to reside in those properties.

With the area’s current and ongoing economic success, and its desirability among highly educated professionals, Golden Age Group expects to see continued demand for housing stock at every level.

<a href="/developers/golden-age-group">Golden Age Group</a>&nbsp;saw a continuing shortage of new-build family-size accommodation that was low-maintenance but offered private gardens in a smaller, communal setting. &nbsp;It is this shortage that Golden Age Group is addressing with Floret – 77 three and four-bedroom townhomes, at 583 Ferntree Gully Road, Glen Waverley.

<a href="/buildings/floret-glen-waverley-583-ferntree-gully-road-glen-waverley">Floret</a> will appeal to growing families who need more room, but don't want more maintenance.

[smartcode_project:default project_id=104680 project_image_fid=207730]

Golden Age Chief Investment Officer, Bing Chen, says the reasons for choosing Glen Waverley are not so different from the reasons that drew migrant families to this part of Melbourne in the 1970s.

“Glen Waverley is very commuter-friendly – you can be in the CBD in just over half an hour by train. Floret is also handy to a major Melbourne arterial, the Monash Freeway,” Chen says.

While easy access to work locations is a major driver to wanting a home in Glen Waverley, access to quality education comes a close second.

“There are some 24 childcare and education institutions nearby, from daycare and kindergarten to fantastic local primary and secondary schools, and right through to one of this country’s top universities, Monash University."

[smartcode_project:default project_id=104680 project_image_fid=207713]

Floret is just a short drive from two of Melbourne’s most prestigious private schools – Caulfield Grammar (Wheelers Hill campus), and Wesley College (Glen Waverley campus). Brentwood Secondary College, which is also very well-regarded, is just up the road.

Chen says the&nbsp;third great aspect of living in Glen Waverley is having all the benefits of a suburban lifestyle – tranquillity, lots of space, lots of green spaces – but there are also great cafes and restaurants offering "every cuisine you could wish for.”

The Glen shopping centre,&nbsp;with David Jones, Myer and more than 200 shops and food outlets, is only a few minutes down the road.

“Glen Waverley really has it all," Chen suggests.

Golden Age Group continues to monitor population, economic and social trends right across the eastern suburbs of Melbourne, Victoria, where property development must continue apace if Councils are to meet the ambitious housing targets in draft plans[4] announced recently by the Victorian Government.

These targets acknowledge the important role that Councils play in new residential construction by developing local planning policies and granting permit approvals.

“There are about 78,300 homes currently within the Monash City Council borders,” Chen adds.

“Because there is an expectation of continuing high growth in this part of Melbourne – fuelled by the advantages I’ve just talked about – Monash City Council has been given a target of adding 72,000 new homes to that housing stock by 2051.

“Our own business direction aligns with these local and state government planning strategies – as evidenced by other Golden Age Group projects such as Wembley Hill, which is in Box Hill South.”

[smartcode_project:default project_id=104627 project_image_fid=222321]

Under the current state policy 'Plan Melbourne', Box Hill is a designated Metropolitan Activity Centre and will be the focus of substantial development, growth and investment. Following a recent land purchase, Golden Age Group is now the biggest landholder in this state growth hotspot.&nbsp;

“The Government’s draft strategic plan sets a state-wide goal of delivering an additional 2.5 million homes by 2051 - two million of which are to be located in metropolitan Melbourne.

“We will be watching closely the progress of this plan as it is finalised and presented to the community,”

It is important to note that Golden Age Group’s development strategy doesn’t just align with the State’s in terms of adding to the number of residential dwellings in booming areas.

“With our consideration of green spaces, and the energy-saving and environmental benefits applied to our projects, we also share a commitment to providing housing that is liveable, sustainable, and enriching for residents and their broader communities.

“In these and other ways, Golden Age Group is helping to build a Victoria is which everyone can thrive.”

Golden Age Chief Investment Officer, Bing Chen, says the reasons for choosing Glen Waverley are not so different from the reasons that drew migrant families to this part of Melbourne in the 1970s

Joel Robinson

Golden Age Group cater for current and future demand for family-size living choices in Glen Waverley

Developer Bastion Group is keeping up with the trend of extensive amenity on Chevron Island with its new apartment development, Nera Residences.

The $160 million development on Parneno Street features a raft of facilities just for residents. The focus is on the rooftop where there will be a wellness centre with a yoga platform, infinity pool, a spa and ice bath, and a fitness centre.

There's also a&nbsp;private dining room and bar, designed in consultation with Michelin-starred chef Shaun Rankin

[smartcode_project:default project_id=108640 project_image_fid=253875]

<a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera Residences</a> comprises 81 apartments, six skyhomes, and a full-floor penthouse. Residents will be serviced by the Bastion Experience concierge which can book private or group cooking classes or source and deliver exclusive wine an spirits.

Over $35 million worth of apartments have sold. Construction on Nera is expected to begin soon.

Siera Group kicked off the trend of rooftop amenity on Chevron Island at Tapestry, a 22-level tower that is currently under construction through Siera Group's internal building capability.

On their rooftop they have&nbsp;more than 700 sqm of separate recreation zones for residents to relax, connect and engage in the elevated landscape. It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

[smartcode_project:default project_id=108641 project_image_fid=192971]

Siera Group Founder and Managing Director, Brent Thompson, says when they&nbsp;were designing the rooftop, they really wanted to make sure that they created multiple breakout zones so that residents were able to be in their own private little areas when enjoying the facilities.

"Reminiscent&nbsp;of&nbsp;the&nbsp;famous&nbsp;hotel&nbsp;rooftops&nbsp;of&nbsp; the&nbsp;world,&nbsp; The&nbsp;Roof&nbsp;Terrace&nbsp;at&nbsp;Tapestry&nbsp;is&nbsp;a&nbsp;multi-faceted&nbsp;retreat&nbsp;for residents&nbsp;to enjoy their space," Thompson says.

"Whether&nbsp;it’s&nbsp;a&nbsp;swim&nbsp;in&nbsp;the&nbsp;resort&nbsp;pool, relaxing on the day bed deck or sunken lounge area, some quiet time on the lawn terrace or tending to the vegetable garden, there’s a space for&nbsp;everyone&nbsp;to&nbsp;enjoy&nbsp;in&nbsp;total privacy."

[smartcode_project:default project_id=108641 project_image_fid=192964]

Aniko then followed with <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama on Chevron Island</a> that has its facilities located on its 21st level rooftop.

Their pool and spa is accompanied by a&nbsp;gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.

[smartcode_project:default project_id=111898 project_image_fid=209594]

George Mastrocostas, Aniko Group’s Founder and Managing Director, believes that the inclusion of amenity in the modern day enhances the desirability of a property and contributes to the pleasure and enjoyment of residents.

infrastructure.

“Aniko derives from the Greek word ‘to belong’,” Mastrocostas said.

“We aim to create a sense of community and belonging in all our projects and this is achieved primarily through engaging people in some form and that’s where amenities play a vital role.

“They give residents an opportunity to meet other people that live there and use the amenities, hence helping form a sense of community and belonging.”

&nbsp;

[smartcode_project_cta:default project_id=108640]

Nera continues trend for rooftop amenity on Chevron Island

Brisbane-based developer ARDO Property Group has submitted a proposal for a new luxury apartment development in Balmoral, a suburb traditionally dominated by single-house dwellings.&nbsp;

<a href="/developments/balmoral-qld-4171">Balmoral</a>, known for its tree-lined streets and park-centric lifestyle, has seen limited apartment development in years gone by, with fewer than 500 units currently in the affluent suburb.

ARDO's project aims to integrate with the existing neighbourhood, contributing positively to the local real estate market while catering to the growing demand for upscale residential options.

<img alt="59 Collings Street Balmoral" data-entity-type="file" data-entity-uuid="7ee67db5-d8b3-4e8f-acf5-888b3da2b5de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collings%20St%20Balmoral%20perspective.png?VersionId=papbykVM.N9T.VgMgt1RzG.FiF3U7lKY" />

ARDO Founder and Managing Director, Ben Davis, says the proposal for six luxury apartments at 59 Collings Street reflects a broader trend of residential development in Brisbane’s affluent suburbs, where high-quality, well-designed apartments are becoming increasingly popular among those looking to downsize or invest in premium real estate.&nbsp;

The development is designed by Flourish Architecture and features expansive floor plans with top-tier finishes and state-of-the-art amenities.&nbsp;

<img alt="59 Collings Street" data-entity-type="file" data-entity-uuid="d661a91e-ecf1-482c-ba3c-06f2906b8d97" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collings%20St%20Balmoral.png?VersionId=rqT0dmthQh_ec1uol2TvL44DJAgNVXI1" />

Five of the six apartments will offer nearly 200 sqm of living space, while the penthouse will span around 214 sqm and include a private pool with views of the Brisbane skyline.

Residents will be near ferries, restaurants, shopping options, and the well-known Hawthorne and Balmoral Cinemas.

The proposed development will also benefit from its proximity to the popular Oxford Street in nearby Bulimba, which is undergoing significant gentrification with <a href="/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">Shayher recently announcing the start</a> of their 20-hectare vision for Bulimba Barracks.

First look: ARDO Property plot luxury apartments in Balmoral

Veteran developer&nbsp;Morris Property Group has announced the release of Walter &amp; Whitley, its rare apartment development in Griffith, one of Canberra’s most sought-after areas.

Situated at 52 Leichhardt Street, <a href="/new-apartments/walter-whitley-52-56-leichhardt-street-griffith">Walter &amp; Whitley</a>&nbsp;will have 67 one, two and three-bedroom apartments across two four-level buildings designed by <a href="/architects/guida-moseley-brown-architects">Guida Mosely Brown Architects</a>.

The two buildings are deliberately separated to ensure that each residence benefits from natural light and privacy, while also offering views of the landscaped gardens and heritage trees that line the street.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295072]

The apartments have been designed with spacious floorplans, providing a seamless flow between living, dining, and kitchen areas, extending to expansive balconies.

The kitchens are equipped with premium inclusions including a 40mm stone island bench and European Bosch appliances. Larger units also feature additional amenities such as a bar with a Vintec wine fridge and a walk-in pantry.

[smartcode_project:default project_id=136296 project_image_fid=295077]

Residents of Walter &amp; Whitley will be within walking distance of <a href="/developments/griffith-act-2603">Griffith</a>'s several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre.&nbsp;

The nearby Kingston Foreshore and Manuka Precinct further enhance the location's appeal, offering a variety of dining, leisure, and entertainment options within walking distance.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295078]

One-bedroom apartments in Walter &amp; Whitley are priced from $599,900.

<a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;is one of the most active developers in both Canberra and on the Gold Coast.

Recently they launched <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments on Jubilee Avenue.

[smartcode_project_cta:default project_id=136296]

Residents of Walter & Whitley will be within walking distance of Griffith's several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre

Morris Property Group launch Walter & Whitley in Canberra's Griffith

Noetic Place is the latest luxury off the plan apartment development taking shape in the heart of Bayside.&nbsp;

Designed by <a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;on the fringe of the centre of Hampton, Noetic Place will feature just 33 two, three, and four-bedroom apartments, some of the largest in the area.

The stepped facade and attention to detail create a sophisticated yet welcoming presence on the tree-lined service street.

Inside, the apartments are designed for modern living, with free-flowing spaces that open to generous balconies offering views of the city, national park, or bay.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/pUNfJPHjPGg?si=52Zl2rhWICmxCbqO" title="YouTube video player" width="560"></iframe>

The communal amenities at <a href="/new-apartments/noetic-place-hampton-28-34-service-street-hampton">Noetic Place</a> are centred around lush landscaping by <a href="/landscape-architect/eckersley-garden-architecture">Eckersley Garden Architecture</a>. A pavilion with a kitchenette, dining space, and library will be nestled in the garden, offering a private retreat for residents.&nbsp;

We visited Noetic Place's display suite at 354 Hampton Street to offer a glimpse into what Noetic Place will bring to the vibrant <a href="/developments/hampton-vic-3188">Hampton</a> community.

[smartcode_project_cta:default project_id=134934]

We visited Noetic Place's display suite at 354 Hampton Street to offer a glimpse into what Noetic Place will bring to the vibrant Hampton community.

Inside Hampton's newest apartment development, Noetic Place: Urban video display suite tour

The findings of the UDIA National Housing Pipeline ® (NHP) - NSW Report show that only 171,400 homes are forecast to be completed during the five-year Housing Accord period.

This represents a shortfall of 150,600 homes across the Sydney Megaregion.

“A shortfall of 150,600 homes should not be accepted and requires immediate interventions from the NSW Government to enhance housing supply,” said Stuart Ayres, UDIA NSW Chief Executive Officer.

The NHP forecast is a combination of UDIA’s developer intentions survey, CoreLogic’s Cordell database, and the Department of Planning, Housing and Infrastructure’s Sydney Housing Supply Forecast.

The timing of the report, being released early in the Housing Accord period, provides Government time to implement additional interventions to remove constraints and increase the amount of homes the industry can deliver across the Accord period.

"Waiting any longer before taking corrective action on housing supply, will only ensure more people are denied an opportunity for a place to call home” Ayres added.

<img alt="Sydney's Megaregion's Housing Target vs UDIAs housing forecast" data-entity-type="file" data-entity-uuid="f3452c0c-3b98-417a-863c-c4032fe8ce24" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sydney%27s%20Megaregion%27s%20Housing%20Target%20vs%20UDIAs%20housing%20forecast.png?VersionId=M.TEf0HtjdBZ8PnTH5PWQUEWrMiqNJ0h" /> 
&nbsp;

Findings show that 97 per cent of potential homes are currently not development ready. The NHP reveals the reasons why we are expected to fall short, and where opportunities exist to unlock housing. The three main factors impacting housing supply over the next five years are:

<ul>
	<li>A slow planning system. 42 per cent&nbsp;of potential homes are awaiting at least one approval determination before development can commence.</li>
	<li>A lack of enabling infrastructure.&nbsp;30 per cent&nbsp;of potential homes are held up by a lack of committed, funded, or completed enabling infrastructure (water, power, sewer, and roads).</li>
	<li>Environmental constraints. Only 10 per cent&nbsp;of the Sydney Megaregion’s residentially zoned land is vacant and environmentally unconstrained (e.g., not flood impacted, bush fire prone etc.).</li>
</ul>

Previous UDIA research has highlighted feasibility challenges, which means that the Low and Mid Rise Reforms and TODs are unlikely to fill the shortfall. This demonstrates that further Government interventions will be required to increase housing supply.

UDIA acknowledges the housing supply programs underway by the NSW Government and intends for this report and its recommendations, to be a ready-made action plan for Government to collaborate with industry to improve housing delivery.

“Meeting our housing objectives will not be resolved by one lever alone," Ayres said.

"We need to see a diversity of typologies, increased investment in enabling infrastructure, and the Government genuinely prioritising housing supply."

"We need to see a diversity of typologies, increased investment in enabling infrastructure, and the Government genuinely prioritising housing supply," Stuart Ayres said.

Sydney to miss building targets by 150,000 homes: UDIA's UDIA National Housing Pipeline

The Star Entertainment Group and its consortium partners Chow Tai Fook Enterprises and <a href="/developers/far-east-consortium">Far East Consortium</a>, have topped out the second tower of its Broadbeach casino development.

The new $400 million tower, home to a new suite of apartments managed by <a href="/buildings/the-star-residences-gold-coast-1-casino-drive-broadbeach">The Star Residences</a> apartments, is expected to open in early 2025, following the completion of the vertical construction by Multiplex.

It follows the top-out of the first 53-level tower, comprising the first Dorsett hotel in Australia, in September 2021. &nbsp;

The joint venture partners are also developing the $3.6 billion Queen’s Wharf Brisbane featuring The Star Brisbane, which opened at the end of August.

The new soaring 200m Broadbeach tower on Casino Drive will stand alongside its sister tower as well as the existing five-star The Star Grand hotel and the luxury all-suite hotel The Darling, creating a further 639 accommodation options for visitors to the entertainment and leisure destination.&nbsp;

The Star Gold Coast General Manager of Hotels, Steve McPharlin, said the development is "another 65-levels of proof of our commitment and contribution to the Gold Coast visitor and jobs economy."

“It’s a significant moment to have reached the tower pinnacle after watching it rise steadily over the past three years,” McPharlin said.&nbsp;

“We are proud to have been able to create the platform for a multitude of jobs during construction and will now look toward ramping up the hundreds of direct employment and supply chain opportunities.”&nbsp;

“We are committed to investing in new accommodation inventory, more tourism amenities and a new offering of events &nbsp;spaces to keep the beautiful Gold Coast top of mind as a domestic and world-class tourism and events destination and place The Star in a strong position to capture future growth.”&nbsp;

Just months from completion, the second new tower features 437 one and two and three-bedroom apartments, all of which are sold and unconditional, rising from the 23rd level above the residential amenities and the 202-room 5-star hotel.&nbsp;

Destination Gold Coast Consortium Project Director Silas Croucher said it’s been a rewarding project to lead on behalf of the joint venture partners.&nbsp;

“It’s clear there is high demand to invest in one of the world’s most recognised and beautiful tourism destinations,”&nbsp; Croucher said.&nbsp;

“Standing together as a beacon for the Broadbeach area, the new sister towers with their golden glass façades have &nbsp;significantly transformed the Gold Coast coastal skyline and we look forward to opening in 2025.”

The Star Gold Coast’s new second and taller hotel and apartments tower as part of a visionary $2 billion masterplan has reached a construction milestone, topping out at 65 storeys.  

The Star second Broadbeach tower tops out ahead of 2025 completion

Adelaide’s most expensive-ever single-home parcel is part of a $50 million-plus sale of a North Adelaide mega-site that will become a new multi-residential development.&nbsp;

The 1.9-hectare site, which comprises 12 separate allotments across multiple titles with frontages to Ward, Jeffcott and Archer Streets and Wellington Square, was bought by a syndicate of four buyers, the most notable being Genworth Group, well known for&nbsp;custom-built homes in North Adelaide.

The buyers plan a mix of single-home developments, low-rise apartment towers, and potentially some townhouses and build-to-rent apartments.

The site was offered with vacant possession. It comprises the Lutheran Church in Australia’s national headquarters and includes a residential college, apartments, hostel rooms and townhouses, an office building, refectory, library, vacant development sites, and the State Heritage-listed Hebart Hall on Jeffcott Street, punctuated by its striking clock tower.&nbsp;

“This was a once-in-a-century opportunity for the Adelaide market,” James Juers of McGees Property, who sold the site,&nbsp;said.&nbsp;

Genworth Group acquired multiple parcels.&nbsp;

“We're working on plans and working through our feasibilities now,” Genworth Group's Chris Diamantis said.

<img alt="Ward, Jeffcott and Archer Streets, and Wellington Square, North Adelaide" data-entity-type="file" data-entity-uuid="0d01ddc7-444d-4206-9615-4eac132f0c74" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/North%20Adelaide%20-%20Marked%20Up%20Aerial%202.png?VersionId=dbt1gIwNSD4GFuxL9y9FqvA7PsRMiVGf" />

Diamantis said they're&nbsp;probably looking at four different projects in a way that they cater for a variety of demographics.

"We’ll be doing a very large private super high-end residence, as well as build-to-rent - probably two smaller towers with 25 to 30 apartments - we also might do some townhouses for downsizers, and possibly retirement living.”&nbsp;

“I've done lots of business in North Adelaide, and I know it intimately. I also know quite a lot of the residents of North Adelaide who dealt with over the last 36 years. &nbsp;I've got a very good idea of what North Adelaide needs, and that's what we're trying to cater for.&nbsp;

“We're really looking forward to developing the land and coming up with something &nbsp;that I think North Adelaide is screaming for, really.”&nbsp;

&nbsp;

The site has been associated with education uses since 1854 and the early days of &nbsp;South Australia. The United Evangelical Lutheran Church in Australia purchased the site in 1922 and established it as Immanuel College. The college moved to Novar &nbsp;Gardens in 1957, and the North Adelaide site over time became the church’s main tertiary education institution, providing education and accommodation to pastors, &nbsp;teachers, church workers and volunteers through the Australian Lutheran College.&nbsp;

Diamantis said they're probably looking at four different projects in a way that they cater for a variety of demographics

Adelaide’s priciest home site sale to pave way for new development

Prolific developer Billbergia is teaming up with&nbsp;Legacy Property&nbsp;for a two-tower development in Macquarie Park.

The $181 million plans at&nbsp;88 Waterloo Road, in the heart of <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a> next to the town centre, are for two towers, at 21 and 19 levels, dubbed Cottonwood and Waterloo.

Cottonwood and Waterloo will home 255 one, two and three-bedroom apartments above a shared mixed-use podium with car parking and retail.

Over 2,400 sqm, almost half of the total site area, will be dedicated to communal open space, while a further 30 per cent of the site will be covered by tree canopies.

The project prioritizes reconnecting landscaped areas to the surrounding Sydney Turpentine Ironbark Forest ecosystem, particularly contributing to the Waterloo Road Linear Park, a green spine running through the city centre. &nbsp;&nbsp;

<img alt="Legacy Property Billbergia Macquarie Park proposal" data-entity-type="file" data-entity-uuid="98225a57-ad51-47b9-ac89-fdaa59b6bded" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Cottonwood%20ground.png?VersionId=9OM_VQHUgu3U4Q1JAa8jWNTPxgdJc.f5" />

Billbergia Development Director of Planning and Development,&nbsp;Saul Moran, said Macquarie Park is a rapidly evolving suburb that is well-positioned to benefit from increased density.

"88 Waterloo Road will deliver 255 critically-needed new homes, serviced by essential retail and the new Metro station, while offering close access to key employment and study hubs."

Cottonwood Tower will deliver 124 apartments, while Waterloo Tower will feature 131 apartments. There will be a mix of configurations, with 60 one-bedroom, 98 two-bedroom, 85 three-bedroom, and 12 three-bedroom penthouses proposed.

Legacy Property CEO, Matthey Hyder, said the&nbsp;development is in one of the best locations in Sydney, opposite Macquarie Centre, overlooking a new park, within 200 metres of the new Macquarie Uni Metro station and Macquarie University.

Jim Koopman, Studio Director at architecture firm AJC, said&nbsp;88 Waterloo redefines urban living in Macquarie Park by blending high-quality residences with natural beauty.

"Our design integrates bioclimatic principles and eco-friendly features to create a sustainable and comfortable living environment.\

<img alt="Billbergia and Legacy Property Macquarie Park streetfront" data-entity-type="file" data-entity-uuid="b04bfa68-3cf1-444b-a51e-24e4065d9f4d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/02_StreetFront%20%28Credit%20AJC%20Architects%29.jpg?VersionId=Y0ynrG5f5EVvsp2hrk6hYaR5mrZQ2hch" />Credit:&nbsp;AJC Architects, 255-apartment complex in Macquarie Park

Macquarie Park is the largest non-CBD office market in Australia and home to the Macquarie Park Innovation Precinct, a group of organisations centred around Macquarie University.

The suburb was identified as an accelerated precinct under the NSW Government’s Transport Oriented Development (TOD) program in 2020. Macquarie Park Innovation Precinct Stage Two, a recent rezoning proposal by the Minns government, could see over 4,500 new homes delivered in the years to come - thanks to new residential zoning and developer concessions on build-to-rent (BTR) projects.

The proposal represents&nbsp;Billbergia’s second development on Sydney’s North Shore, on the backof its proposed $700 million mixed-use project at 8 Wilson Street in Chatswood.

Billbergia Development Director of Planning and Development, Saul Moran, said Macquarie Park is a rapidly evolving suburb that is well-positioned to benefit from increased density

Billbergia and Legacy Property plan $182m twin towers in Macquarie Park

It was just over a year ago that Ellipse Property Group announced it had received approval for one of the largest, and greenest, masterplanned developments in the booming Castle Hill.

Since then, they've launched the first stage, <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Atrium</a>, sold half of its apartments, and begun groundworks after demolishing the previous buildings on the expansive 3.2-hectare site in the rapidly growing Showground Precinct.

Atrium comprises 147 apartments and sits as the gateway building to nature-fuelled masterplan that has over 30 per cent of site coverage dedicated to green open spaces.

[smartcode_project:default project_id=89496 project_image_fid=216770]

Ellipse Head of Development, Nigel Farquhar, said buyers have responded well to the design and amenity put into the apartments.

"Owner-occupiers have jumped at the opportunity to be a part of what is likely to be the greenest community to be produced in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>," Farquhar says, adding the team is seeing significant interest in the upper end of the market.

While generally downsizers are happy to wait for construction to be further advanced so they have more firm timelines to get their affairs in order and sell their current home, Farquhar says that hasn't been the case for some purchasers at Atrium.

[smartcode_project:default project_id=89496 project_image_fid=216765]

Downsizers, in particular, have been drawn to the design, finishes, and spacious layouts we offer, as well as the unique opportunity to collaborate with Ellipse's design team to alter floor plans at this early stage of construction,” says Farquhar.

“They are confident in committing, knowing that Ellipse is the developer and Decode, a gold star iCIRT-rated builder, is behind the project. They recognize the distinctiveness we’re offering and don’t want to risk missing out on the one-of-a-kind layouts available at this stage.

Farquhar notes that the architecture by Stanisic Architects and Tony Owen Partners, along with the masterplan’s landscape design by Site Image, has been a major drawcard for buyers.

“Ellipse’s design team, led by Associate Director Puja Khanna, recently refined some of the designs for the upper levels and penthouses. These updates were soft-launched and received a strong market response, with one penthouse being reserved at the early stage of hand sketches,” Farquhar says.

[smartcode_project:default project_id=89496 project_image_fid=216764]

Many apartments in Atrium are tailored to suit downsizers or right-sizing owner-occupiers, featuring expansive internal spaces that open onto generously sized balconies or garden courtyards.

A factor for these buyers has been the abundance of nature and space at Carrington Place, with over 20,000 sqm of recreational space and the one-kilometre boardwalk along Cattai Creek that connects the precinct to the nearby Fred Caterson Reserve.

Farquhar explains that future stages—of which there will be five—are designed to attract a broader range of demographics into the masterplan.

“The next stage will feature more diverse apartment configurations that will appeal to first home buyers and investors, while the current stage is primarily attracting owner-occupiers," he says. "There’s a significant demand for this type of product, but there isn’t much available on the market."

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Farquhar highlights that the new metro line has been a game-changer, particularly for investors. “The fundamentals haven’t been favourable for investors in recent years, as seen by the decline in investor activity across Greater Sydney and Australia. However, the shortage of rental apartments in the area, combined with the new metro opening, which provides young professionals with easy access to the city, is expected to offer investors a strong yield."

The new Hills Showground Metro will transport Castle Hill residents to Barangaroo in just 33 minutes.

<a href="/developers/ellipse-property-group">Ellipse Property Group</a> currently has two projects on the market: <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, featuring over 750 units, and <a href="/new-apartments/east-cowper-granville-2-6-cowper-street-granville">East and Cowper</a>&nbsp;in <a href="/developments/granville-nsw-2142">Granville</a>, offering 264 units. The group maintains a robust development pipeline with plans to deliver more than 1,000 homes in the next few years.&nbsp;

Ellipse is planning to release the second stage of the Carrington Place masterplan early next year, with <a href="/builders/decode">Decode</a> already on-site at Carrington Place, aiming to complete Atrium by late 2025. The entire masterplan is expected to be finalized by 2032.

&nbsp;

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Farquhar explains that future stages—of which there will be five—are designed to attract a broader range of demographics into the masterplan

Inside the first stage success of Ellipse's $850 million Castle Hill masterplan, Carrington Place

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

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It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

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Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

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Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

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The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

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The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

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Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

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Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

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Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

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Joel Robinson

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