ANZ has executed $295m of debt facilities to deliver the next stage of the $2 billion redevelopment of Moonee Valley Racecourse, known as Moonee Valley Park.

The loan to the developer, a joint venture between leading Melbourne private developer Hamton and leading industry superannuation fund Hostplus, represented by its Investment Manager ISPT, will primarily fund delivery of the next two residential stages, Trackside House and Stonepine House, comprising 325 apartments.

[smartcode_project:default project_id=110367 project_image_fid=199206]

Funds will also be used to seek planning permits on the balance of the development land and sitewide works to prepare for the Club’s works, which are due to commence in November 2025.

Hamton’s Executive Chairman, Paul Hameister, said, the scale of the debt package with ANZ is a reflection of the strength of security offered by the Hamton-Hostplus-MVRC partnership and the presale success of the latest stages.

[smartcode_project:default project_id=105114 project_image_fid=210523]

“It shows that for the right projects and the right developers, build-to-sell is still a development strategy that will secure the support of the big four banks,"&nbsp;Hameister said.

“ANZ’s collaborative approach and innovative thinking has added a lot of value to the project to date and we look forward to continuing that partnership through until project completion over the next decade."

Trackside and Stonepine House will&nbsp;sit alongside the already completed Feehan Row and Thomas Street, in addition to a range of premium residential amenity.&nbsp;

[smartcode_project:default project_id=105114 project_image_fid=210529]

Trackside House will comprise just over 200 apartments across 11 levels, while&nbsp;Stonepine House, now over 80 per cent sold, will have 119 two and three-bedroom units. Both buildings will have extensive resident amenity like a rooftop pool, hobby room, state of the art gym, and private dining areas which are bookable by the resident app.

Both projects are being built by Icon, who were appointed to construct the latest stages of the masterplan earlier this year.

Read more: <a href="/news/vic/hamton-appoints-builder-for-stonepine-and-trackside-house-in-moonee-valley-park-redevelopment">Hamton appoints builder for Stonepine and Trackside House in Moonee Valley Park redevelopment</a>

Trackside and Stonepine House will sit alongside the already completed Feehan Row and Thomas Street, in addition to a range of premium residential amenity

Joel Robinson

ANZ backs Hamton-Hostplus with $295m loan for Moonee Valley Park development

Castle Hill and Baulkham Hills have long been the two most populous suburbs in Sydney's Hills District, around 30 kilometres north west of the city.

The emergence however of the Sydney Metro out to the Hills District has seen Castle Hill become the epicentre of activity.

New data from CBRE and PropTrack highlights that&nbsp;Castle Hill has recorded capital value growth of 72 per cent compared to the 49 per cent growth that’s occurred in the non-Metro suburb of Baulkham Hills.

CBRE’s Pacific Head of Research Sameer Chopra has dubbed it a “metro-fication”, which is transforming the living experience, work patterns and retail choices of Sydneysiders close to the city’s new railway stations.

"Since 2011, population has grown by 23 per cent in metro-line suburbs, eight per cent higher than in suburbs further out," Chopra says.

“By 2030, Sydney will have a network of four Metro lines, 46 stations and 113km of new Metro rail.

"We’ve already seen early evidence of this driving higher residential price growth and we see this outperformance increasing once the next stage is completed, with shorter commute times being a key driver."

Chopra says apartment development has unlocked opportunity for residents to live in more affordable yet well-connected areas.

[smartcode_project:default project_id=29359 project_image_fid=207473]

The research found the younger demographic is happier than ever to move out to the Hills District, driven largely by the fact a train to the city will pass through the soon to be opened Castle Hill metro stop every four minutes.

​​"We found that 45 per cent of residents in suburbs along the Metro line stations are Gen Z and Gen Y, five per cent higher than in suburbs slightly further out," Chopra says.

McGrath Projects Associate Director Adam Sparkes, who is marketing Grand Reve which is set to complete in just over 12 months, says the metro line has increased the attractiveness for first home buyers.

[smartcode_project:default project_id=94147 project_image_fid=203067]

"While the majority of our buyers currently are downsizers, who aren't particularly impacted by interest rate rises, the early phase of marketing last year saw a number of first home buyers snap up the one-bedroom apartments."

Sparkes says they've been attracted to both the proposition of being in Barangaroo in just over 30 minutes on the Metro, but also the amenity that Castle Hill offers, in the form of Castle Towers which has undergone a full redevelopment.

Chopra says the precinct developments the younger, more vibrant demographic, is being drawn to higher density living and eating out, the latter of which has been a sticking point for the first home buyer pool in the past, but not so much now with the introduction of extensive hospitality options.

He said the near-Metro suburbs have 12 cafes per 10,000 residents and hold an average of 23 liqour licences, compared to eight cafes and an average 10 liquor licences for every 10,000 residents in suburbs further away.

Deicorp's two biggest Hills District projects, Hills Showground in Castle Hill and Tallawong Village in Rouse Hill, have been designed more like precincts than just apartment towers.

[smartcode_project:default project_id=133881 project_image_fid=209815]

They're each bringing a wide variety of lively food and beverage options to the base of their buildings and walkways interwoven through the precinct.

Hills Showground Village is advertising 9,500 sqm of retail, including a full line supermarket and over 30 speciality retailers next door to the future Metro stop, while their retail spaces in their Tallawong Village precinct are already 70 per cent taken.

[smartcode_project:default project_id=133881 project_image_fid=209816]

The expectation is the population of Castle Hill and the surrounding Hills District suburbs will continue to grow, with a number of masterplan projects in development and under construction. Add to that the $300 million Rouse Hill Hospital which has just commenced construction. The broader Hills Shire is expected to see an increase of 44 per cent in its population by 2036.

New data from CBRE and PropTrack highlights that suburbs along the Metro line have experienced a 49 per cent increase in capital value over the past decade

The impact the Sydney Metro has had on Castle Hill apartment prices and suburb gentrification

The Canberra-based Willemsen Group has secured a prime site on Biggera Waters dress circle Marine Parade.

They've paid $4.1 million for 456 Marine Parade, a 1088 sqm block facing Wave Break Island, and have submitted plans for a boutique 10-level building with just 12 apartments.

The plans for 456 Marine Parade inlude a swimming pool, resident lounge, and alfresco dining space on the ground level and a gym, meeting room, and multipurpose room on the level above. The two levels were designed so the&nbsp;resident lounge and gym enjoy an uninterrupted view along an infinity edge pool out towards the Broadwater.

<img alt="Biggera" data-entity-type="file" data-entity-uuid="3675abb8-dacd-4d26-97b8-241aa8e14f6b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%202.45.38%20pm.png?VersionId=6xvt.U7ExfNcBinMsx0HTP2JElryuYTL" />

The majority of apartments are three-bed plus study, spanning half a floor. The two half-floor penthouses each have a second level which homes a fourth bedroom and a media room.

Each three-bed apartment has nearly 180 sqm of internal space and 65 external.&nbsp;

Willemsen's own internal architecture team, led by architect Richard Willemsen, filed the plans.

They said in their submission that the intent is to create "an elegant, sequential and memorable building that is design driven, enhances property values and establishes a sense of place within the community of Biggera Waters."

<img alt="Biggera" data-entity-type="file" data-entity-uuid="83412c10-ad16-4c63-8b72-56451af1444e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%202.44.24%20pm.png?VersionId=JV0Oczn_gGaso975p_.vkqRqzqvoKYwL" />

Shepherd Urban Landscape Architecture said the landscape concept for the proposed residential development is based on the surrounding context, response to the proposed architectural layout and expression including the desired outcomes of the City of Gold Coast Council City Plan.

"The design intent is to contribute positively to the image and overall quality of the proposed residential development by providing a contemporary, sensitive and appropriate landscape environment."

The project will push past the height limit allowed on the Gold Coast City Plan. The 32.7-metres exceeds the 29-metre height limit, however is within the 50 per cent uplift acceptable in an Urban Neighbourhood.

The Town Planning Report by Civity stated the height&nbsp;is consistent with the long-term intent for this high amenity infill area, and that the additional building height is driven by the two levels of expansive communal recreational areas, a feature that is unusual in a building of this scale with just 12 dwellings.

First look: Willemsen Group set for new Biggera Waters apartment development

Australian developer Golden Age Group has received&nbsp;council approval for its residential <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> project in Box Hill South and on a site in excess of 50,000 sqm, is one of the most significant developments within the booming suburb.

Formerly home to Hays International College, 15 Hay Street is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space.

[smartcode_project:default project_id=104627 project_image_fid=222320]

Golden Age aims to create a development that supports and future-proofs an inclusive, sustainable and multi-generational living for its residents. The development addresses its suburban and natural context sensitively, proudly celebrating its neighbourhood and enhancing its natural landscape.

The townhomes, with interiors by leading interior designer MIM design, will range in size from three-bedroom to four-bedroom with two colour schemes available.

[smartcode_project:default project_id=104627 project_image_fid=222322]

Golden Age Founder Jeff Xu said <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>&nbsp;puts families and the community at heart.

“We have spent considerable time researching and understanding what the Box Hill community needs and wants and we appreciate the economic diversity of Melbourne’s east, which is why this project will not only provide beautifully designed townhomes but will provide a space for the community celebrating intergenerational living.

“We will deliver an array of residential amenities, complemented by gardens and playgrounds in a secure neighbourhood that is ideal for raising families. It will be a highly connected site, where residents can enjoy generous walking paths along the Gardiner Creek Trail.”

[smartcode_project:default project_id=104627 project_image_fid=222343]

The site’s tree-lined boulevards will draw residents in and connect all homes in a carefully curated community, with landscaped pathways and green links making the site highly accessible and welcoming for residents. Over 13,000 sqm of the site is dedicated to green open space for families, for exercise and immersion in the natural surroundings.

With a focus on sustainability, all residences will enjoy and benefit from a range of energy-saving design initiatives such as energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, rooftop solar panels and the provision for fast EV charging. 
 
[smartcode_project_cta:default project_id=104627]

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space

Golden Age secure approval for Wembley Hill, Box Hill South townhouse development

High-end developer <a href="/developers/orchard-piper">Orchard Piper</a> has appointed Cobild to construct their mixed-use apartment and office building Toorak Village, after securing a number of sales at the premium project on the corner of Mathoura and Toorak Road.

The $120 million development, designed by Kerry Hill Architects, has already seen over $60 million in office and apartment sales.

Works have commenced on site at&nbsp;109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million.

Kay &amp; Burton Director Andrew Sahhar said the project is receiving continued interest with Stonnington locals who are looking to secure a coveted and rare opportunity on one of the most recognisable corners of the Village.

“In a market plagued with scarcity, there are limited offerings for buyers in the area, with a very restricted supply outlook," Sahhar says.

"We’re seeing interest from a range of buyers, who have become attracted to the revitalisation of the Village, which is being restored into an exciting high street once again thanks to the emergence of quality nearby development and new A-grade retail and hospitality outlets."

<img alt="Orchard Piper" data-entity-type="file" data-entity-uuid="f74c0fae-e661-4259-b509-da45f2d9af1c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-17%20at%204.36.31%20pm.png?VersionId=4JQMjyGmIi6Vr67nQiiBh35zOClKbPiG" />

Four apartments have been sold prior to public advertising, which Sahhar says is testament to the name <a href="/developers/orchard-piper">Orchard Piper</a> has built for itself in the luxury market.

"This combined with the attraction of an international architect like KHA, who are renowned for their ultra-luxury hotel designs, is creating further interest from interstate and international buyers.”

Toorak Village comprises just nine apartments, all with private lobbies, a resident gym, and a concierge. Each apartments has a minimum three bedrooms and three bathrooms, as well as multiple living spaces. There's just two apartments per floor.

In just seven weeks, 60 per cent of the project’s limited three-floor office spaces have also been sold by Colliers, with the latest sale, a 126m2 suite, fetching $2.3 million; setting a new city fringe and suburban record, with a record strata office building rate of $18,250 per sqm.

The commencement of construction for the Toorak Village project is occurring concurrently with the City of Stonnington’s streetscape upgrades between Wallace Avenue and Grange Road. These works are well underway, with new art projects, footpaths, greenery and lighting to be introduced to elevate the Village back to former glory.

Alongside streetscape upgrades, the project adds to the recently completed St Germain building, located up the road at 495-505 Toorak Rd, which features a Coles Local, Cecconi’s and boutique retail offerings below a premium office building.

The Toorak Village project is one of <a href="/developers/orchard-piper">Orchard Piper’s</a> four active projects, part of its $800m pipeline scheduled for annual completion over the next four years.

Works have commenced on site at 109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million

Orchard Piper appoint Cobild to construct Toorak Village development after apartment and office sale blitz

Ellipse Property Group will launch sales of Atrium, the first stage of its $850 million Castle Hill masterplanned community, Carrington Place.

Atrium comprises 151 apartments in one mid-rise eight-storey building which forms the gateway to the Carrington Place precinct and offers rooftop recreational spaces with views over the whole of the development.

The precinct will also be home to over 20,000 sqm of recreational space including outdoor gyms and wellness areas as well as lush gardens, conceived by landscape architect, Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

The prime development site, which is the largest residential project in Castle Hill, spans around 3.2 hectares.

PRD Norwest Director David Inkster, who is managing sales for the project, says the team have seen a strong response from local downsizers, young families, first home purchasers and upgraders looking for larger-sized apartments.

“Atrium's multi-staged development is poised for consistent price increases, anticipated significant appreciation by the project's scheduled completion date Q3 2025," Inkster said.

“Apartments surrounding Metro Stations are predicted to outperform similar projects in neighbouring suburbs by up to 20 percent recent research has shown. As the premium suburb in the Hills District, Castle Hill is poised to see the lion’s share of that uplift."

[smartcode_project:default project_id=89496 project_image_fid=216768]

Once completed, the masterplanned community, Carrington Place will comprise 771 apartments built across five, eight to 12-storey buildings.

Carrington Place Project Director Joe Chiha said the generously-sized apartments are designed to provide ample space for residents’ needs and offer a level of comfort and luxury unrivalled in Castle Hill.

The buildings have been sensitively designed by Tony Owen Partners and Stanisic Architects to immerse with its surrounding natural landscapes while complementing the curve of the tranquil Cattai Creek which runs along the western border of the development.

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.

[smartcode_project:default project_id=89496 project_image_fid=216770]

Ellipse Property Associate Director Puja Khanna said&nbsp;Carrington Place is envisioned as a multi-staged urban village with a strong connection to nature, prioritizing lifestyle, sustainability, and community.

"The project seamlessly blends with the surrounding nature and aims to become one of Sydney's most sustainable urban communities,"&nbsp;Khanna said.

Castle Hill residents are currently witnessing the gradual and dramatic transformation of the popular Hills suburb into a modern, cosmopolitan and dynamic urban centre.

The Hills Shire Council has a 30-year vision for the redevelopment and revitalisation of the Castle Hill Showground Precinct, located directly opposite the Carrington Place project, planned to create a new 15-hectare entertainment and recreation hub including a variety of community, arts, sporting and leisure activities.

The Showground site will become the primary civic space for a new precinct of the future local Hills communities. Located directly opposite The Hills Showground Metro Station, residents of Carrington Place will have access to Sydney’s CBD, Chatswood, North Sydney, Macquarie Park and Norwest Business Park. With trains operating every four minutes in peak hour in each direction, residents are offered the highest convenience on Australia’s first driverless railway.

Construction is planned to commence before Christmas later this year with Stage One Atrium due for completion in Q3 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

PRD Norwest Director David Inkster says the team have seen a strong response from local downsizers, young families, first home purchasers and upgraders looking for larger-sized apartments.



Ellipse Property launch Atrium at Carrington Place, Castle Hill masterplan

Gold Coast developer Sherpa Property Group has lodged a new development application for its <a href="/new-apartments/perspective-nexus">Perspective Nexus development in Palm Beach</a>.

The code-assessable project on a 1,583sqm site at <a href="/new-apartments/perspective-nexus">949-953 Gold Coast Highway</a>, will rise nine storeys and deliver just 32 apartments, including two half-floor penthouses and three skyhomes with their own private rooftops.

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands.

[smartcode_project:default project_id=108324 project_image_fid=232526]

The proposed development is the product of a detailed design process led by HAL Architects that has taken into account the requirements of the Gold Coast city plan and the expectations of the local community.

Council's approval for the original development application was overturned by an appeal in August, an outcome that Sherpa Founder Christie Leet took as an opportunity rather than a setback.

We are excited to launch our new development in the coming months which has been carefully designed to be the best code assessable project in this world-class location,” said&nbsp;Leet.

"It's a superb site, next to the beach, Currumbin Creek, and the Pirate Park, so our mission was to make beach living even better.

"The Gold Coast, especially this Palm Beach location, can deliver a lifestyle that is the envy of the world so we wanted to facilitate and enhance that lifestyle."

[smartcode_project:default project_id=108324 project_image_fid=231830]

Sherpa had initially sought a 14-level project, but they've gone back to the drawing board with its latest proposal.

“After taking onboard community feedback from the original design, we are now submitting an entirely new proposal that has been scaled back to nine levels to ensure it is a code assessable development,”&nbsp; Leet added.

“We are deeply committed to delivering a landmark residential project that provides the best beachside living at Palm Beach and we are looking forward to progressing the project once approvals have been granted.”

Buyers who previously signed up for apartments in Nexus will be given the first opportunity to purchase residences in the new development, which Sherpa expects to account for a large number of pre-sales.

“Many of our earlier buyers have shown faith in our vision for the site and, as a result, we are expecting a number of sales to be secured straight out of the gate prior to market launch,”&nbsp;Leet said.

“We will be working with the original buyers first, before releasing the project to the public in the coming weeks.”

[smartcode_project:default project_id=108324 project_image_fid=232452]

The development will deliver a suite of luxury two, three and four-bedroom apartments, ranging from 112 sqm to 661 sqm. The apartments on the upper levels will offer views of Currumbin Alley 
and beyond to the Pacific Ocean.

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and work-from home amenities.

“Our aim is to create a development that offers spacious designs with the best floorplans available on the Gold Coast,”&nbsp; Leet said.

“The plans are in line with community feedback and deliver a more boutique look with enhanced design elements such as increased planting and greenery to ensure effortless integration with the suburb's surrounds.”

Perspective Nexus will introduce a wide range of luxurious communal amenities for residents, including a dedicated wellness space with features such as a magnesium spa, outdoor kitchen, sauna, hot and cold pools and steam room along with a wellness garden for residents to embrace the beachside surrounds.

The new plans reveal a host of adjustments, including the addition of more than 70 car parks to the site for both residents and visitors – exceeding requirements to ensure owners and their guests have access to ample onsite parking.

Additional amenities and features of Perspective Nexus will include an electric car charging station, individual apartment storage, car wash bay and a parcel delivery storage including a cold store.

In view of the project being code assessable, the company anticipates development approval will be granted by February.

Construction is planned to start in the first quarter of 2024 for completion in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands

Sherpa revise plans for Perspective Nexus Palm Beach apartments

Sydney's Chatswood is continuing to see a swathe of applications for new off the plan apartment developments.

Since the&nbsp;Chatswood CBD Planning and&nbsp;Urban Design Strategy&nbsp;2026 was amended, which saw the CBD boundary expanded to the north which opened up the height limit to another area of the city, development applications have been flooding in,

Earlier this year Bridgestone submitted plans for a <a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">two-tower development with 95 apartments</a>, while VIMG also recently filed for a <a href="/news/nsw/first-look-vimg-plot-two-tower-chatswood-apartment-development-nelson-place">dual-tower development with 193 apartments</a>.

The latest plans are from Polytec Australia Development, an entity with directors associated with the listed Hong Kong property developer Kowloon Development Company.

They're seeking to create a 27 mixed-use tower with just 53 apartments on a 1,184 sqm block at&nbsp;629-637 Pacific Highway which is currently occupied by&nbsp;two buildings both in use as separate car service and repair businesses.

<img alt="PBD" data-entity-type="file" data-entity-uuid="9e2e0920-d476-4496-9d4a-c3257d5a2562" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%284%29.jpg?VersionId=FGXcH42EdzVwvwqOZELNEPQodbly7FBO" />

The tower, which will have ground floor retail and commercial uses within the podium levels and sit above five levels of basement car parking, has been designed by PBD Architects who beat out Koichi Takada's Takada Architects and PTW in the Architectural Design Competition held earlier in the year.

The jury unanimously voted for PBD's scheme, suggesting the design concept "addresses key site challenges through a tower floorplan that responds thoughtfully to the sites constraints and opportunities."

"It provides carefully oriented and planned residential units that respond to the site geometry and in doing so optimise the capture of views to the south west (of the city), west to the Blue Mountains, and to the north (to Chatswood)," the jury noted.

<img alt="PBD Chatswood" data-entity-type="file" data-entity-uuid="041fba55-4911-410e-bf77-9a8c80052e12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-16%20at%203.12.06%20pm.png?VersionId=FzKIYFMlTmWiifxhvg4QDIx0a2hmPKPS" />

PBD noted in their Design Statement submitted to the Willoughby Council that the&nbsp;proposed mixed-use residential flat building is designed to respond cohesively to the existing and desired future character of the neighbourhood streetscape with appropriate build form and material palette that respond thoughtfully to the immediate context.

"The proposal for 629-639 Pacific Highway is informed by our analysis of the context, striving to create a design that addresses the challenges of the site, maximizes the opportunity and integrates with the podium to provide a cohesive development of the site," the Design Statement signed off by PBD Managing Director Paul Buljevic read.

"The proposal comprises a cluster of slender tower forms/pods that resonates with the podium geometries. The proposal seeks to integrate tower and podium into a cohesive built form by morphing a two dimensional podium silhouette into a sculptural, programmable landscape deck.

"The building's floor plates were optimized to maximize solar access and cross-ventilation, with careful consideration given to the neighbouring context and views. The built form is further articulated to enhance its slender characteristics and additional facade tiering is introduced to seamlessly transition to the lower levels, to create a more inviting human-scale experience."

<img alt="PBD Chatswood" data-entity-type="file" data-entity-uuid="5ea476fe-af0f-4f9e-836c-554856feeea1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-16%20at%203.12.43%20pm.png?VersionId=BfVFKqmmCzPISvUXSsL.uUaanhUAtv.m" />

The tower will comprise two one-bedroom apartments, 22 two-bedrooms, 28 three-bed units, and a sole four-bedroom apartment, the penthouse.

The site is&nbsp;located around 550 metres south of the Chatswood transport interchange with access to metro, rail, and bus services, while also being just 750 metres from Chatwood's central retail precinct.

<h2>Project Summary</h2>

The site is an urban renewal site with redevelopment proposed for the existing low rise buildings to accommodate a mixed use tower.

The proposed development comprises the construction of 27- storey mixed use building with residential and non-residential comprising:

· 53 apartment units (2 x 1 bed, 22 x 2 bed, 35 x 3 bed, 1 x 4bed)

· 581 sqm GFA of commercial and office spaces

· 232 sqm GFA of retail shop

· 109 sqm GFA for café/restaurants

In addition, a five levels of basement parking will be provided, comprising of a loading dock and 89 car parking spaces including accessible parking and visitor parking. Bicycle parking racks will be provided for all apartments and at least 9 bicycle parking racks will be provided for non-residential occupants.

The latest plans are from Polytec Australia Development, an entity with directors associated with the listed Hong Kong property developer Kowloon Development Company

First look: Chatswood off the plan apartment development pipeline ramps up

The City of Melbourne is one of the top five most affordable local government areas to buy property in with significant investment upside.

That's the view of researcher and commentator Terry Ryder, founder of Hotspotting.com.au, a company which helps identify emerging property markets.

He listed the City of Melbourne in his top five 'City Cheapies with Prospects' alongside the City of Salisbury in Adelaide, the City of Armadale and the City of Canning&nbsp;in Perth,&nbsp;Southern Moreton Bay Islands in South East Queensland.

He says the five regions are likely to offer the best strategic property buying and investing potential over the next six months. Melbourne's population boom, overtaking Sydney as Australia's largest city for the first time in more than a century after borders were redrawn, was a major factor in Ryder's view.

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says.

“However, the rising interest rates and shifting lifestyle demands have caused investors and homeowners to look at options such as units and townhouses instead of standalone houses.”

[smartcode_project:default project_id=3260 project_image_fid=212294]

The City of Melbourne, with its high-density dwellings making up 86 per cent of homes, has become an attractive destination for both living and working, he said.

“Its strong economy, with major businesses, universities, hospitals, and government services, has been further bolstered by ongoing infrastructure projects such as the North East Rail Link and the proposed Suburban Rail Loop,” Ryder said.

“These developments are expected to bring in significant investments and create thousands of jobs, ensuring continued growth and stability in Melbourne's property market.”

[smartcode_project:default project_id=1270 project_image_fid=217067]

Melbourne saw the fastest growth in dwelling values of all Australian capital cities at the start of the pandemic, but then saw the steepest decline when repeated lock downs curtailed market activity in 2020- 21.

Since 2021 however, Melbourne has been one of the more resilient of the capital cities nationally, and has performed relatively steadily against a backdrop of rising interest rates and reduced consumer confidence.

According to the latest Home Value Index from CoreLogic, released in August 2023, median dwelling values in Melbourne behaved relatively moderately compared to other Australian capital cities such as Sydney and Brisbane. Dwelling prices rose less rapidly in Melbourne between the onset of Covid to the cyclical price peak. However the subsequent decline in dwelling values in 2022-2023 was also much more moderate.

[smartcode_project:default project_id=5345 project_image_fid=227074]

Ryder says there is an emerging trend of more buyers opting to buy units and townhouses, for affordability and lifestyle reasons, including young buyers and downsizers.

"It’s creating rising demand in inner-city locations in the biggest cities.

"The City of Melbourne is benefiting from this trend, with only 1.8% of the LGA’s population living in detached housing, according to the last census. 12.2% live in medium density and 85.3% living in high density accommodation."

Hotspotting's&nbsp;Spring 2023 edition of The Price Predictor Index stated the City of Melbourne is the strongest market in the Greater Melbourne area.

"Of the 10 City of Melbourne suburbs in the analysis, seven are rising markets, one is a recovering market and one is a consistency market (and one is a plateau market)," the report noted.

According to Hotspotting’s Top 10 Apartment Markets report, published in August 2023, apartments were outperforming standalone houses in a number of ways – including faster growth in rents, superior price growth rates for much of the past 12 months and a growing share of new dwelling approvals.

In the latest State of the States report, from July 2023, Victoria leads the country for construction work done. According to the data, in Victoria, construction work done is 19.3 per cent above its decade average.

<h2>City of Melbourne, Metro Melbourne, Highlights</h2>

 
• Strong population growth 
• Good rental yields 
• Designated Metropolitan Activity Centres 
• Important national cluster of universities and hospitals 
• $35 billion suburban rail loop 
• $16 billion North East Link 
• $14 billion biomedical precinct 
• $6.7 billion Docklands development 
• $2.8 billion Melbourne Square project 
• $1.7 billion Southbank Arts precinct

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says

Why Metro Melbourne presents as a "Cheapie With Prospects": Hotspotting's Terry Ryder

When the opportunity to purchase a prime site on Golden Four Drive was presented to burgeoning Gold Coast apartment developer Siera Property Group, their founder and managing director Brent Thompson knew it was an opportunity they couldn't pass on.

Thompson says the prime beachfront site offered the chance to create something which combined contemporary elements of luxury residential living with the nostalgia of visiting the beach as a child.

"When the opportunity to purchase&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">303 Golden Four Drive</a> was presented to us, we couldn't miss the opportunity to take such a special piece of land and design truly unique residences," Thompson says.

"<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> is very special because we wanted to touch on that nostalgic feel of finding Pippies on the beach, camping by the beach, visiting a family beach shack when they were a child, and deliver residences that captures everything that's special about being able to live on the Southern Gold Coast.

"To be able to purchase such a beautiful piece of real estate and to be able to occupy, whether that's all year round or whether it's to be able to lock and leave and enjoy holidays, it really is just this truly special location and we think that we've paid tribute to that with this beautiful residential design that incorporates all of the aspects that you would expect in high-end residential beachside living as well as in a family home."

[smartcode_project:default project_id=138311 project_image_fid=217332]

Siera Property Group secured the prime 1,214 sqm site late last year, along with plans for an 11-level building. They had Ellivo Architects tweak the design.

Ellivo Co-founder and Director Mason Cowle said&nbsp;the great opportunity with Pipis is obviously it's amazing beachfront site it's quite incredible

"It's quite unusual in the length of the site, so it's allowed us to create two per floor unique residences and because of that length it's given us the ability to open up each of the apartments to the views to the breeze," Cowle says.

"We're really taking a lot of elements if you like from residential design house design but bringing those into a unique apartment product."

[smartcode_project:default project_id=138311 project_image_fid=217335]

The apartments in Pipis start from a generous 279 sqm and they each feature three bedrooms, three and a half bathrooms, and two car spaces.&nbsp;

From the direct lift access, the three bedrooms are located toward the western side of the apartment. The three bedrooms each have an ensuite, while the master has a walk-in wardrobe. Completing the western side of the apartment is a multi-purpose room, which is expected to be utilised as a cinema room or a home office.

The clever positioning of the bedrooms means as soon as residents enter the apartment from the lift and turn east, the apartment opens up to the kitchen, living and dining space. The living is the last point of internal space, which allows for uninterrupted beach views. The whole of the open plan space is wrapped in a balcony with a built-in barbecue kitchen.

[smartcode_project:default project_id=138311 project_image_fid=217336]

"The design intent met the needs of our future occupants we wanted to understand who those occupants were likely to be and what was going to be important to them and you'll see that that really translates to the team that we've chosen to work with as well for the project being Ellivo," Thompson added.

As well as the beachfront, the proximity to some of the Gold Coast's most emerging neighbourhoods was a driving factor in Siera Property Group's purchase of the site.

"What we've seen over the last few years is this real emergence of cultural precincts and lifestyle amenity and that's what we're seeing on the southern end of the Gold Coast in particular Kirra which is only located five minutes south of Bilinga. There's all of these restaurants and hotels and cafes that are currently under construction."

[smartcode_project:default project_id=138311 project_image_fid=224085]

Thompson also noted the walkway which connects all the way down from the Coolangatta border. That's now getting connected all the way through to Surfers Paradise in the north.

"Being able to have the access to all of that amenity on your doorstep while still being set back away from it so you're not right in the middle of all of the hustle and bustle but you can enter and leave when it suits."

[smartcode_project_cta:default project_id=138311]

Siera Property Group secured the prime 1,214 sqm site late last year, along with plans for an 11-level building

"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga

<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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