Sydney-based Oracle Estates has submitted plans for a two-tower apartment project in Brisbane's Spring Hill.

The development at&nbsp;25 Fortescue Street will bring 252 apartments to the burgeoning&nbsp;<a href="/developments/spring-hill-qld-4000">Spring Hill</a>&nbsp;market. The development, at 25 Fortescue Street, will accommodate&nbsp;social and affordable housing.

Tower 1, dedicated to social housing, will rise 14 levels and include 115 apartments, with a mix of 74 one-bedroom, 39 two-bedroom, and two three-bedroom units.&nbsp;

Tower 2, focused on affordable housing, will reach 15 levels and contain 137 apartments, consisting of 24 studios, 73 one-bedroom, 38 two-bedroom, and two three-bedroom units.

The development will also feature 115 parking spaces distributed across two basement levels.

<img alt="25 Fortescue Street" data-entity-type="file" data-entity-uuid="4c018f73-64ca-4fbf-b79d-904f3fe8304f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Fortescue%20Street.png?VersionId=d2FBCIpfXDPKSE_YDdGBdeari6FzKh0Y" />

Designed by <a href="/architects/rothelowman">Rothelowman</a>, the architectural style of the development is described as a bold subtropical expression, characterised by order, rigour, and simplicity.

"The design seeks humility in its respect for the daily life of future residents. A clear focus on the way in which people will live within this place allows for an outcome that prioritises liveability, functionality, longevity and care; design enabling a simple way of life."

Symmetry and repetition in the building's plan and elevations contribute to a timeless aesthetic, while textured vertical panels and reflective glazing add to the building's visual appeal.

<img alt="25 Fortescue Street laneway" data-entity-type="file" data-entity-uuid="e16bf882-c2ff-41ba-9251-96ea1ae720da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Fortescue%20Street%20Laneway.png?VersionId=iYAaERQnuOiGXvhCIm5vXMN3zuNpuC_M" />

The development also includes a newly created laneway connecting Little Edward Street and Fortescue Street, serving as both a connective and communal space.

"The masterplan for the site seeks to create a sense of communal engagement. The newly created laneway acts as both a connective space but also a collective one."

This laneway will function as a lobby, play area, garden, work zone, and gathering space, fostering communal engagement and a sense of collective ownership among residents.

Commercial spaces along Little Edward Street,&nbsp;, likely cafes and restaurants, will enhance the street frontage.

Joel Robinson

Twin apartment towers pitched for Spring Hill

Since its completion two years ago, The Grand Residences in Eastlakes still stands as the newest apartment development in the gateway suburb to Sydney's East.

With the final apartments recently being released to the market, we went down to <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> to talk to its residents and find out what it's like to live in the development.

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There's been a mix of owner-occupiers over the years.

Peter, an interior designer, has been at The Grand Eastlakes since it was completed two years ago, while Prateek had been a tenant in the building before recently purchasing a unit as a rentvestor.

<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/lIoP_MoLzy8?si=BRxJS9rPleS0f0be" title="YouTube video player" width="560"></iframe>

Both owners talked to the quality of what developer Crown Group has created at The Grand Residences, as well as the extensive facilities in the building and the prime location, offering access to Sydney's best beaches and the thriving cafe and dining hubs of Rosebery and Newtown.

Another resident praised the convenience and accessibility of The Grand Residences, noting its proximity to essential amenities such as cafes, supermarkets, and public transport.&nbsp;

Read more:&nbsp;<a href="/news/nsw/the-prime-eastern-suburbs-location-of-the-grand-residences-eastlakes">The prime Eastern Suburbs location of The Grand Residences, Eastlakes</a>

[smartcode_project:default project_id=7652 project_image_fid=262599]

McGrath Projects, and Crown Property Agency, are marketing the final apartments available in The Grand Residences. They've been popular so far with first home buyers, owner-occupiers, and downsizers.

Read more:&nbsp;<a href="/news/nsw/how-the-grand-residences-eastlakes-apartments-stack-up-for-investors">How The Grand Residences, Eastlakes apartments, stack up for investors</a>

[smartcode_project_cta:default project_id=7652]

McGrath Projects, and Crown Property Agency, are marketing the final apartments available in The Grand Residences

Why I bought an apartment in The Grand Residences, Eastlakes: Urban buyer testimonial

In the heart of <a href="/developments/newcastle-west-nsw-2302">Newcastle West</a>, iCIRT-rated developer <a href="/developers/gwh">GWH</a> is crafting a new architectural icon, ONE Apartments on National Park Street.

The under-construction development offers expansive floor plans that are 20 per cent larger than the local market average, catering to a diverse range of homeowners.

Designed by the renowned <a href="/architects/marchese-partners">Marchese Partners</a> in collaboration with local firm CKDS, <a href="/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a> consists of two towers, rising 22 and 19 levels, and connected by a four-level podium housing commercial spaces.&nbsp;

[smartcode_project:default project_id=24247 project_image_fid=281096]

With construction underway at ONE Apartments, we visited the onsite display suite on One National Park Street and spoke to&nbsp;GWH's Peter Kunov and George Araujo to find out more about the development.

<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/Auz9mk1aIhw?si=dEkXpV64j62wFaS1" title="YouTube video player" width="560"></iframe>

ONE Apartments&nbsp;will feature 193 one, two, and three-bedroom apartments, each offering open-plan living areas that extend to private winter gardens. These spaces provide residents with stunning views of Newcastle Harbour, Stockton, Merewether, and the Watagan Mountains.

Future residents will have the option to choose between light and dark colour palettes, featuring natural, earthy tones. The interiors are designed with premium finishes, and the kitchens are equipped with top-of-the-range Smeg appliances, blending style and functionality.

Residents will enjoy access to an outdoor heated pool, a state-of-the-art gym, a sauna, a private Ultra HD cinema, and a bookable private function room.&nbsp;

[smartcode_project:default project_id=24247 project_image_fid=281101]

The development also boasts two all-weather rooftop entertainment areas: the Scenic Lounge on the 22nd floor of the South Tower and the Harbourview Lounge atop the 19th floor of the North Tower. These spaces provide 360-degree views of Newcastle, perfect for hosting gatherings or relaxing.

ONE Apartments is within walking distance from Darby Street eateries, parks, the Civic Theatre, Newcastle Interchange, the Honeysuckle foreshore precinct, and various retail stores.

[smartcode_project_cta:default project_id=24247]

Inside ONE Apartments, Newcastle's newest apartment development: Urban's display suit tour

The Grand Residences in Eastlakes in the Eastern Suburbs of Sydney, is the very last development by Crown Group.

The developer’s track record for delivering quality, the Eastern Suburbs gateway location of the project, and the price vs return proposition, are drawing the eye of investors, who have largely been out of the market in the last few years across the country.&nbsp;

It takes a product and an offering like <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> to bring an investor into the market in this interest rate environment.&nbsp;

Selling agents McGrath Projects and CPA have been fielding interest from both savvy property investors and mum and dad investors since releasing the final apartments in the building – apartments that were held back from sale when the trio of buildings above The Grand Shopping Centre were launched to market in 2018.

We’ve crunched the numbers to see how The Grand Residences stacks up for investors.

<h2>Rental Return*</h2>

The Grand Residences is already home to a diverse mix of owner-occupiers and investors, the latter of whom have been afforded a rare opportunity to secure yields not often seen in the apartment market in Sydney, whether they bought off-the-plan in 2018, or are buying now.

Investors eyeing a one-bed apartment should see a tenant pay between $650 to $700 per week, which, on a purchase price of between $735,000 and $790,000, would bring a minimum gross yield of 4.6 per cent for an investor.

[smartcode_project:default project_id=7652 project_image_fid=262584]

A recent sale within the building – a two-bed, 1.5 bath apartment with a single carspace for $865,000 – was subsequently placed onto the rental market to take advantage of the current rental demand. Within 14 days a tenant was secured at $950 per week, representing a 5.7 per cent gross yield based on the sale price.

This is just one example of the great opportunities available to investors at The Grand Residences.

*The rental return is an estimate based on market research and weekly rents already achieved in the building.

<h2>Depreciation Estimates*</h2>

On top of the strong rental returns, low vacancy rates across Sydney and the anticipated price growth based on the historic performance of Eastern Suburbs property, there are significant depreciation benefits for investors.

Indicative One Bed + Study Tax Depreciation Claimable*

BMT Tax Depreciation reports show the minimum tax depreciation could be around $378,000, an estimate which typically spans for an ownership period of 40 years. The first depreciation estimate is around $16,500 in the first year of ownership, and steadily declines year on year to be around $9,000 by year 10. The maximum depreciation for a one-bed plus study over the same period could be $462,000, with depreciation of the asset starting at over $20,000 in the first year.&nbsp;

Indicative Two Bed Tax Depreciation Claimable*

Depreciation for two-bedroom apartments could be $476,000 over 40 years of ownership, the first year of ownership being a $19,000 deduction at a minimum. The maximum could be $582,000, a first year depreciation of $23,000.

* Please obtain independent advice from a qualified tax accountant based on your personal circumstances

<h2>How does depreciation work?&nbsp;</h2>

Depreciation of an investment apartment refers to the decrease in value of the property over time due to wear and tear and aging of the asset. This concept is important in accounting and taxation because it allows property owners to account for the gradual deterioration of their asset and claim tax deductions as a result.

In practical terms, depreciation recognises that buildings and structures used for income-producing purposes, such as rental apartments, lose value as they age and are used. The depreciation process allows owners to recover the cost of the property over its useful life through annual deductions on their tax returns. This deduction is typically calculated based on the initial purchase price of the property, excluding the cost of land, and spread out over a predetermined period.

[smartcode_project:default project_id=7652 project_image_fid=262581]

From a financial standpoint, depreciation provides a way to offset taxable income generated by the rental property, thereby reducing the owner's overall tax liability. It's a non-cash expense, meaning the property owner doesn't actually spend money annually but rather reduces their taxable income by a calculated amount based on the property's depreciation schedule.

This accounting practice helps investors maintain cash flow while accounting for the long-term decline in the property's value.

<h2>Why The Grand Residences Eastlakes</h2>

The biggest two factors when property investors assess the viability of a new asset are yield and depreciation. The third factor is potential price growth, which is more difficult to forecast. That’s more often done on past performance, and based on both potential development uplift in the area, and a scarcity of stock. 
Eastlakes is a hidden gem that has preserved its charm over the past decade, with limited redevelopment. The Grand Residences Eastlakes stands out as a notable addition to the area, being one of the few new apartment buildings recently completed. The suburb offers a unique opportunity for future growth with ample potential for new developments.

There is also further redevelopment expected next door which will likely see the southern section of the old <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> Shopping Centre transformed into a new mixed-use precinct. If that vision materialises, that will lift the value of The Grand Residences.

[smartcode_project:default project_id=7652 project_image_fid=262598]

With the significant increase in construction costs since COVID-19, driven by material and labour costs, as well as the cost of land, the new apartments will have to be priced significantly higher than what The Grand Residences is currently being offered for.

The Grand Residences was completed in 2022 and won the prestigious Urban Taskforce Australia Development Excellence Award.&nbsp;

McGrath Projects Director, Adam Sparkes, says the building offers incredible value for every cohort of buyers looking at the Eastern Suburbs.

“The building is achieving strong rental yields for the area, and since completion two years ago, properties have been tightly held. The opportunity to buy at this price point and in this location isn’t likely to come around again.”

[smartcode_project_cta:default project_id=7652]

On top of the strong rental returns, low vacancy rates across Sydney and the anticipated price growth based on the historic performance of Eastern Suburbs property, there are significant depreciation benefits for investors

How The Grand Residences, Eastlakes apartments, stack up for investors

Bayside specialists&nbsp;<a href="/developers/lowe-living">Lowe Living</a>&nbsp;is continuing to pad out its new apartment pipeline.

Lowe Living, led by Tim and Emma Lowe, has filed $17 million plans to the Bayside Council for a new Cera Stribley designed development on a 2,730 sqm block at <a href="/new-apartments/31-35-alicia-street-hampton-east">31-35 Alicia Street</a> in <a href="/developments/hampton-east-vic-3188">Hampton East</a>, near Linacre Private Hospital and closer to the sand at Sandringham than Hampton.

The development will home 32 two and three-bedroom apartments and is the latest in a long line of Bayside projects for the Sandringham-based developer.

They're is currently selling two other Hampton developments,&nbsp;<a href="/buildings/oceano-hampton-by-lowe-living-9-ocean-street-hampton">Oceano on Ocean Street</a>&nbsp;and&nbsp;Hampton Hill on <a href="/buildings/hampton-hill-by-lowe-living">Hampton Street</a>, while they have other active developments in <a href="/developments/sandringham-vic-3191">Sandringham</a>, <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>, <a href="/developments/parkdale-vic-3195">Parkdale</a> and <a href="/developments/armadale-vic-3143">Armadale</a>.

Always targeting the owner-occupier, typically the downsizer, the new plans are for a three-level building which presents as a two-level podium with a recessed third level to Alicia Street.

<a href="/architects/cera-stribley-architects">Cera Stribley</a> said in the documents submitted to council that their architectural vision is a contemporary reinterpretation of the Californian bungalow, a typology that is a hallmark of Hampton's heritage.

"By borrowing, abstracting and reinterpreting elements of this quintessential style - such as strong datum lines, articulated columns, exposed structures, and roof tiles - out design achieves a balance between modernity and familiarity," Cera Stribley noted in their Architectural Design Statement.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

There will be 14 two-bed apartments and 18 three-bed apartments on offer, serviced by 61 parking spacesand 10 bicycle spaces.

The upper level of the building is characterised by exposed structural elements, fenestrations, and large balconies to enhance the depth of the façade, contributing to a balanced and subtle architectural expression.

The podium level is designed with inspiration from the Californian bungalow architectural style, featuring brick materiality to evoke warmth while the modern interpretations of articulated columns create a rhythmic street presence.

A communal lounge and external terrace will be located near the building's entry.

&nbsp;

Cera Stribley said in the documents submitted to council that their architectural vision is a contemporary reinterpretation of the Californian bungalow, a typology that is a hallmark of Hampton's heritage

First look: Lowe Living's latest Hampton apartment development revealed

Joint venture partners Deicorp and PAYCE have launched the first collection of apartments in their $700 million Melrose Park development.

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>&nbsp;will form part of the 30 hectare&nbsp;Melrose Park North Urbal Renewal Project&nbsp;near the Parramatta River and will deliver just under 500 one, two and three-bedroom apartments starting from $650,000.

The six buildings designed by <a href="/architects/turner-studio">Turner Studio</a> will sit above a five-level podium that will home a 30,000 sqm shopping centre anchored by a Coles supermarket and supported by several speciality stores, health and wellness facilities, and retail and hospitality venues.

&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289882]

Melrose Central has been eight years in the making. The initial planning discussions for the unused site kicked off back in 2016.

One of the biggest drawcards to Melrose Central will be how connected it is to Greater Sydney. It will have its own station as part of the Parramatta Light Rail Link which will be two stops to Wentworth Point, near its ferry terminal, six stops to Sydney Olympic Park, and nine stops to Parramatta.

[smartcode_project:default project_id=134220 project_image_fid=289877]

The development will incorporate private communal spaces and reinforce key site links established in the masterplan, dividing the large site into smaller, walkable building footprints.

The project will feature four distinct quadrants, each with its unique colour palette, materials, and place-making elements to emphasise the identity of the corner buildings.

[smartcode_project:default project_id=134220 project_image_fid=289888]

Stage one will see the five-level podium constructed, as well as three of the buildings. They will rise six, 15, and 24 levels, with the same heights planned for the other three buildings.

Early site works kicked off on site back in February. Deicorp is expecting Melrose Central to be complete by 2027. There will be around 6,000 apartments in the broader Melrose Park precinct.

<a href="/developers/deicorp">Deicorp</a>, founded in 1999 by&nbsp;Fouad Deiri, is currently building&nbsp;4,400 new apartments across 11 projects in Greater Sydney.

Their recent applications have been for new precincts in <a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">Zetland</a> and <a href="/news/nsw/deicorp-lodge-state-significant-development-application-for-1-200-apartments-in-five-dock">Five Dock</a>.

[smartcode_project_cta:default project_id=134220]

Melrose Central has been eight years in the making. The initial planning discussions for the unused site kicked off back in 2016

First opportunity to buy Melrose Central apartments in Melrose Park

Melbourne's stalling property market has to be nearing the bottom.

Recent data published in the Australian Financial Review from property data analytics firm CoreLogic showed the&nbsp;Melbourne median dwelling value is currently 33.1 per cent below the median dwelling value in Sydney. Historically, on average, that gap has been 19.7 per cent.

It's the same story with Brisbane, where values in the Queensland capital are 8.8 per cent higher than in Melbourne. Melbourne is usually 13.7 per cent above.

Considering the widened gap that bucks history, as well as the record low new housing approvals in Victoria, rising construction costs, and the expected surge in population due to migration, it's clear that Melbourne is poised for a prolonged period of growth.

The market won't turn around overnight, and the most recent data from CoreLogic shows a decline of -0.2 per cent in the unit market (apartments and townhouses) over July.

Those declines in the established market have likely come because of increased supply levels, CoreLogic's Research Director Tim Lawless notes, where supply is outstripping current demand.

That's not the case in the new apartment market however.&nbsp;The most recent building approvals data from the ABS showed Melbourne's 3,840 unit approvals in June were -14 per cent down from the month prior.

Over two million new dwellings are proposed to be built by 2051 across Metro Melbourne, almost double the number of existing dwellings currently in the metro area.

<h2>What happened in Melbourne’s off the plan apartment market in July</h2>

Referring back to the lack of supply in the new apartment market, there was only one notable project that moved into a registrations of interest phase.

That's the new Elsternwick development by the design-driven developer&nbsp;<a href="/developers/milieu-property" target="">Milieu</a>, who revealed what is arguably one of its most unique developmens it has produced since being founded 15 years ago.

[smartcode_project:default project_id=136535 project_image_fid=288412]

Milieu has spent the last two years working alongside <a href="/architects/woods-bagot">Woods Bagot</a>, <a href="/landscape-architect/oculus">OCULUS</a> Broached Commissions and <a href="/architects/march-studio">March Studio</a> to create a garden-centric community they’re calling <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens by Milieu</a>.

The multi-building development, on the site of the former ABC Studios bordering Elsternwick's landmark Ripponlea Estate and gardens, has been designed to focus on nature and landscaping.

Residents will have direct private access to the heritage-listed gardens of the Ripponlea Estate, while its head gardener will tend to the landscaping of Elsternwick Gardens by Milieu on its completion.

[smartcode_project:default project_id=112375 project_image_fid=250363]

There was increased sentiment in the market in <a href="/developments/glen-iris-vic-3146">Glen Iris</a> where&nbsp;Projects by Buxton Director Heath Thompson sold four apartments in the last few weeks at <a href="/buildings/galerie-glen-iris-1538-1540-high-street-glen-iris-vic-3146">GALERIE</a>&nbsp;which will no doubt encourage the market heading into the spring selling season.

Thompson said three of the four buyers went from enquiry to sale within a week.

"We [Melbourne] haven't had that sort of conversion timeline for what feels like a very long time," Thompson said.

GALERIE has sold predominantly to downsizers, but the recent purchasers presented a different demographic in the building that is expected to welcome buyers toward the end of the year.

[smartcode_project:default project_id=141969 project_image_fid=222388]

Construction got underway at&nbsp;Abadeen's <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;apartments in&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>.

Brompton Construction, the multi-award winning Master Builders Victoria construction firm, has officially commenced construction on the seven luxury apartments on Central Park.

“<a href="/developers/abadeen-group">Abadeen</a>&nbsp;chose Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>,"&nbsp;<a href="/content/abadeen-officially-announce-expansion-into-victoria-with-two-luxury-projects" target="">Andrew Leoncelli</a>, who runs Abadeen in Victoria, says.

<a href="/builders/brompton-construction">Brompton Construction</a>&nbsp;is expecting to complete the building in late 2025.

One of Melbourne's most notable developers, Piccolo, filed for its next development as it approaches sellout of its Fitzroy apartment development, A Piccolo House - Gore Street.

[smartcode_project:default project_id=141498 project_image_fid=290942]

This one is in <a href="/developments/kew-vic-3101">Kew</a> where <a href="/developers/piccolo">Piccolo</a> has filed plans for five three-level buildings at 18 Barry Street.

The project, currently referenced as&nbsp;<a href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew">A Piccolo House, Barry Street</a>, part of the Piccolo House collection that targets the high-end owner-occupier,&nbsp;will comprise 60 two, three and four-bedroom apartments.

Read more: <a href="/news/vic/first-look-exclusive-piccolo-plot-new-kew-apartment-development">First look exclusive: Piccolo plot new Kew apartment development&nbsp;</a>

Boutique developer Callex Group is also heading to Kew for its latest venture.

Callex is plotting a small development of just seven apartments on an already cleared 1,266 sqm site at 9 O’Shaughnessy Street, walking distance to Kew Junction, Glenferrie Road shopping precinct and Victoria Gardens.

<img alt="First look: Callex Group plan boutique Kew apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/O%E2%80%99Shaughnessy%20Street%20front.png?VersionId=xSEIYv0SnF7Uyg2M8P5a2yOvond3WHXA" />

The proposed development includes one two-bedroom apartment and six three-bedroom apartments, along with 15 car spaces and six bicycle spaces.

The design by&nbsp;<a href="/architects/carr-design">Carr</a> incorporates elements from the existing built environment, using textures and tones that complement O'Shaughnessy Street and the adjacent Foley Reserve.

Read more:&nbsp;<a href="/news/vic/first-look-callex-group-plan-boutique-kew-apartment-development">First look: Callex Group plan boutique Kew apartment development</a>

CoreLogic's Monthly Hedonic Index showed a -0.2 per cent decline in the value of units (apartments and townhouses) across Melbourne over July, however there was a larger fall in house values (-0.5 per cent).

City Beat August 2024: Is Melbourne approaching the bottom of the market?

Kokoda Property has provided the first glimpse into what life could look like as part of Brisbane’s largest private development, a $1.5 billion mixed-use precinct on the banks of Teneriffe.&nbsp;

Known as <a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Teneriffe Banks</a>, the next evolution of Brisbane City will provide a place to live, work, play and rejuvenate, spanning residential, hotel, commercial, and riverfront dining and retail.&nbsp;

Teneriffe Banks will comprise five unique buildings, The Interloom (North and South), The Ferry Building, The Store Houses (North and South) and within them, The Woven Lofts.&nbsp;

<img alt="Teneriffe Banks site plan" data-entity-type="file" data-entity-uuid="e3c1a954-edca-4b55-a4ba-9a42a6d5316b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240802_Marketing%20Set_Site%20Plan_v2.jpg?VersionId=P7_AZlwU3BNXfUFLA2n9.1_bqzrQV4j1" />

Over 200 dwellings will soon be available, ranging from luxury apartments to modern penthouse residences and grand,&nbsp;woolstore-inspired lofts.&nbsp;

Designed by <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a> and <a href="/architects/carr-design">Carr</a>, Teneriffe Banks is set amongst lush gardens and open spaces, connecting Skyring Terrace back to the Brisbane River via sprawling laneways, Helen Lane, Wool Lane and Brick Lane.&nbsp;

Perched along the Brisbane River, the Teneriffe Banks flagship buildings known collectively as The Interloom, are designed to connect the urban landscape with the waterfront. The Interloom South will be home to a collection of two, three and four-bedroom luxury apartments and penthouses with resort-style common amenities including dining rooms, rooftop pool and spa, and coworking spaces.&nbsp;

<img alt="Teneriffe Banks overlooking Brisbane River" data-entity-type="file" data-entity-uuid="8ebb6a2a-e7c3-4d9f-a11c-4fbe1fbd8c2e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EA14b%20-%20Marina%20Brisbane%20River%20South.jpg?VersionId=3evWuxvBtVptBkFQeUXt2tcXDx7T9ttV" />

The Interloom North will be home to Brisbane’s first Kimpton Hotel, which will feature a 200-plus-seat signature restaurant and bar, spa with multiple treatment rooms, a fitness centre, large-scale multi-purpose meeting and event spaces, as well as an open-air Garden Terrace complete with infinity pool, and a rooftop bar with spectacular Brisbane city views.&nbsp;

The Ferry Building, adjacent to the iconic <a href="/developments/teneriffe-qld-4005">Teneriffe</a>&nbsp;Ferry Terminal, will feature expansive modernist homes with 3.6m ceiling heights, offering layouts that masterfully blend the neighbourhood character of the woolstores with modern craft.&nbsp;

Along Skyring Terrace, The Store Houses North and South will be home to modern warehouse residences known as The Woven Lofts, offering a contemporary interpretation of the iconic Teneriffe warehouse, inspired by the world’s best post-industrial homes.&nbsp;

<img alt="Teneriffe Banks terrace" data-entity-type="file" data-entity-uuid="9af1602d-914f-4a85-ab7e-66f51dddc4a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/EL03b%20-%20T2%20L2%20Podium%20Terrace.jpg?VersionId=e3xTvgpINyQtNxT.7zHf3PBu1SwN6DDY" />

Nestled above The Woven Lofts will sit the fifth collection of homes, The Store Houses, which kits onto both the north and south buildings along Skyring Terrace and captures the urban character and city form, inspired by the geometry of the masterplan with a selection of one, two and three-bedroom apartments, and a unique loft apartment masterfully designed to take advantage of both city and river views.&nbsp;

<a href="/developers/kokoda-property">Kokoda Property</a> Founder and Managing Director Mark Stevens said that Teneriffe Banks will be the developer’s crowning achievement.&nbsp;

“Teneriffe Banks is one of the largest private developments within Brisbane and with that, comes a weight of responsibility," Stevens said.

"We have worked tirelessly to refine the masterplan and vision for the site and believe it will leave a lasting legacy for the city of Brisbane. It will become a global destination where people can meet, connect, and enjoy for generations to come."

Teneriffe Banks is a collaboration between design partners Cottee Parker Architects, Carr, and <a href="/architects/urbis">Urbis Town Planning and Landscaping</a>.&nbsp;

“The advantage of working with two architectural practices is that they both feed off each other, finding strengths in their respective niches and harmoniously bring them together. I believe we have successfully combined the best of both worlds,” Stevens added.

[smartcode_project_cta:default project_id=139896]

Teneriffe Banks is a collaboration between design partners Cottee Parker Architects, Carr, and Urbis Town Planning and Landscaping. 

Kokoda Property unveils Teneriffe Banks, $1.5 billion Brisbane River precinct

Demand for new apartments on the Lower North Shore increased to their highest levels in over two years in the second quarter of 2024.

Data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, <a href="/" target="">Apartments.com.au's</a>&nbsp;new data product, showed enquiry jumped 20 per cent between Q1 2024 to Q2 2024 across Lower North Shore suburbs, with the likes of <a href="/new-apartments/north-sydney-nsw">North Sydney</a>, <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>, <a href="/new-apartments/mosman-nsw-2088">Mosman</a> and <a href="/new-apartments/roseville-nsw-2069">Roseville</a> seeing the largest increases.

Enquiry hasn't been at this level since 2022.

Increased levels of enquiry were the most prevalent at the upper end of the market. While the most popular price point enquired on across the Lower North Shore in Q2 2024 was between $1.5 million to $2 million, the biggest increase in enquiry came in the $3.5 million to $4.5 million range.

Smaller, boutique apartment developments in some of the Lower North Shore's most affluent suburbs saw a lot of interest, while the ever-popular <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>, recently completed by Aqualand's inhouse construction arm on North Sydney's dress circle Walker Street, saw an increase in its luxury three-bedroom apartments toward the top of the Woods Bagot designed tower.

[smartcode_project:default project_id=30959 project_image_fid=286062]

The suburb search on Apartments.com.au didn't throw up too many curveballs for the Lower North Shore compared to recent quarters.&nbsp; The most searched suburb for every quarter over the&nbsp;last 12 months has been <a href="/developments/chatswood-nsw-2067">Chatswood</a>,&nbsp;one of the northernmost suburbs in the Lower North Shore.

There are only a handful of new apartment developments in the market in Chatswood. Central Element's <a href="/new-apartments/ethos-15-ellis-street-753-pacific-highway-chatswood">Ethos Chatswood</a> launched in late 2022 and is on track to complete its construction by late 2025. Over 70 per cent of the 49 apartments have sold to date. Goldfields Group is developing <a href="/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson of Chatswood</a> nearby, 70 apartments across a 23-level tower.

The newest entry to the Chatswood new apartments market has been <a href="/new-apartments/hammond-greens-chatswood-5-9-gordon-avenue-chatswood">Hammond Greens</a>&nbsp;by Tian An, one of Australia’s oldest listed property developers. The FJC Studio designed tower offers 64 apartments across 27 levels on Gordon Avenue, next to the Chatswood Bowling Club.

The apartments will sit above&nbsp;1,476 sqm of retail and commercial space, aiming to offer a diverse hybrid work environment and communal spaces to foster connection with the local and broader community.

[smartcode_project:default project_id=142900 project_image_fid=252178]

Chatswood buyers are expected to have more choice next year given the number of development applications filed last year following the amendment to the&nbsp;Chatswood CBD Planning and&nbsp;Urban Design Strategy&nbsp;2026. The amendment saw the CBD boundary expanded to the north which opened up the height limit to another area of the city.

Last year Bridgestone <a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">filed for two towers with 95 apartments</a>, while VIMG <a href="/news/nsw/first-look-vimg-plot-two-tower-chatswood-apartment-development-nelson-place">wants to develop two towers</a> with over 190 apartments.

Busy developer <a href="/developers/billbergia">Billbergia</a> also proposed two new towers, their first development in the area. They're planning <a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development">two slim 27-level towers with 251 apartments</a> atop a podium with retail, commercial showrooms and&nbsp;flexible SOHO style live/work offerings.

<a href="/developers/coronation-property">Coronation Property</a> is expecting to launch its Chatswood tower in 2025. That will have around <a href="/news/nsw/coronation-property-acquires-200-million-chatswood-development-site-expect-130-apartment-tower">114 apartments at 57-61 Archer Street</a>, in the centre of the suburb and across the road from key amenities including Westfield Chatswood and Chatswood Chase.

<img alt="Coronation" data-entity-type="file" data-entity-uuid="f05e8633-0532-4cfa-a309-20e7fd32fbcf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-06%20at%2010.10.18%E2%80%AFAM.png?VersionId=uTqa0zg.Zj88AMRoj3nP.s_N5aLFdrJl" />Coronation Property's Chatswood apartment development on Archer Street. Image credit: Coronation Property

There's been noteworthy development applications filed in Q2 2024, pointing to further improved supply in the medium term.

<a href="/developers/cbus-property">Cbus</a> and Galileo <a href="/news/nsw/first-look-exclusive-cbus-and-galileo-revise-plans-for-new-north-sydney-apartment-development-east-walker-street">revised plans for their North Sydney apartment development</a> on Walker Street, just up the road from AURA by Aqualand.

Urban revealed in mid-2022&nbsp;<a href="/news/nsw/first-look-cbus-lodge-plans-for-striking-walker-street-apartment-tower-in-north-sydney">Cbus' original plans</a>&nbsp;for the new on a prime 3,950 sqm site across 173-179 Walker Street and 11-17 Hampden Street.

They've gone back to the drawing board and brought in&nbsp;<a href="/architects/rothelowman" target="">Rothelowman</a>&nbsp;to rejig the plans, add more levels, and reconfigure the apartment mix to have 258 apartments, over five per cent of which are reserved for affordable housing which now triggers increased height levels for new apartment developments.

Developer <a href="/developers/twt-property-group">TWT</a> is pushing forward with its multi-stage, 9,500 sqm masterplan <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>, on the fringe of Crows Nest. Soon to launch the first building of apartments, TWT <a href="/news/nsw/first-look-exclusive-twt-expand-1-billion-st-leonards-precinct">filed for a future stage</a>, two mixed-use buildings with 137 apartments above what will become a thriving commercial, retail and hospitality precinct.

Earlier this year&nbsp;<a href="/news/nsw/twt-appoint-westbourne-construction-to-build-first-stage-of-1-billion-st-leonards-masterplan-the-collective">TWT apppointed Westbourne Constructions</a>&nbsp;as the builder of the masterplan.

The inaugural phase of The Collective will introduce 93 residences with one to four-bedroom configurations. The low-density design has been created by Team2 Architects and will have interiors by DBI.

What are new apartment buyers in Sydney's Lower North Shore looking for? MatterFact Insight

Developer Sarazin and tier-one construction firm Hutchinson Builders has signalled the start of construction of Woolloongabba's newest development, Murcia Residences.

Following tradition, Sarazin and Hutchies has officially turned the first earth at a sod-turning ceremony that has become a custom practice in the development industry.

<a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a>, on the border of <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> and <a href="/developments/east-brisbane-qld-4169">East Brisbane</a> at 9 Overend Street, just 150 metres from The Gabba, has been inspired by the Spanish city of Murcia and comprises 210 one, two and three-bedroom apartments in a Mediterranean-like building.

In the building will be a 700 sqm office tenancy on the second floor and 300 sqm of retail on the ground floor.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Crowning the building will be an <a href="/news/qld/the-top-10-best-apartment-rooftops-in-brisbane">impressive rooftop</a> with a&nbsp;heated infinity pool, cold and warm magnesium plunge pools, spa, sauna, bookable private dining room, work-from-home spaces, fully equipped gym and various outdoor alfresco BBQ areas.&nbsp;

A public art gallery located on the ground floor builds on Sarazin’s already substantial contribution to the arts in Brisbane, complementing its groundbreaking STEAMM Studios (STEM + Art and Music) at Woolloongabba and Sarazin’s major sponsorship of the Griffith University Art Museum at South Brisbane.

[smartcode_project:default project_id=135094 project_image_fid=214685]

Strategically located and in close proximity to the soon-to-be operational Woolloongabba Cross River Rail station, residents and workers at Murcia will enjoy unequalled connectivity to train, bus and tram services, with easy access to north and south arterial freeways.

Read more:&nbsp;<a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">A front row seat to the 2032 Brisbane Olympics: How Murcia Residences is set to take advantage of Woolloongabba boom</a>

With panoramic views of the Brisbane city skyline, and within easy walking distance to the Logan Rd and South City Square dining precincts, Murcia Residences is set to become a landmark Brisbane building, reflecting the evolution of city in the lead up to the 2032 Olympic Games.

[smartcode_project:default project_id=135094 project_image_fid=214681]

<a href="/developers/sarazin">Sarazin</a> Founder and Director Darren Dougan said Murcia’s architecturally ambitious design is set to become the gold standard for urban regeneration in the area.

"In the midst of a housing crisis, Murcia will provide much needed additional supply to the Brisbane market, offering varied housing options to the community, from the solo urbanite to downsizers to young families.”

<a href="/builders/hutchinson-builders">Hutchinson Builders</a> Chairman Scott Hutchinson said the team are delighted to be partnering with Sarazin on this project. &nbsp;

"We have been impressed by Sarazin’s attention to detail and professional business ethos, and we look forward to working with the Sarazin team to deliver an exceptional residential development.”

Murcia adds to Sarazin’s other developments in Woolloongabba, including Silk One, Silk Lane, Nuage and Hampton Yards.&nbsp;

[smartcode_project_cta:default project_id=135094]

Sarazin Founder and Director Darren Dougan said Murcia’s architecturally ambitious design is set to become the gold standard for urban regeneration in the area

Sarazin officially turn sod at Murcia Residences

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

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.

[smartcode_project:default project_id=110588 project_image_fid=5346]

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;

[smartcode_project:default project_id=110588 project_image_fid=5347]

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.

[smartcode_project_cta:default project_id=110588]

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.

[smartcode_project:default project_id=150128 project_image_fid=366285]

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.

[smartcode_project_cta:default project_id=150128]

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;

Joel Robinson

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