Australian property developer Third.i and joint venture partner Phoenix Property Investors (PPI), are planning to provide frontline Sydney healthcare workers with a range of new affordable housing at their Crows Nest Metro over-station project, Hume Place.

In an industry-first, Third.i and PPI are partnering with one of Australia’s largest community housing providers, Evolve Housing, and proposing to designate 15 per cent of the mixed-used development to nurses, midwives, health professional and services staff working at nearby Royal North Shore (RNS) Hospital and other local health facilities.

This will allow health workers, who are unable to find affordable rental apartments within the local government area, to live close to their workplaces. A demographic study 1 commissioned by Third.i and PPI shows that local health workers and services staff are being forced to travel between 30-50 kilometres to get to work every day or night. Workers from Royal North Shore Hospital living alone are paying up to 58 per cent of their salary for a studio in the local area.

Health Services Union Secretary, Gerard Hayes, said we have a housing crisis that is becoming a health crisis.

"Essential health workers are already making the tough decision to leave the sector in search of work closer to home. A hospital cleaner, a physiotherapist, a wardsperson, these workers shouldn’t have to travel for hours each day, coming to work already exhausted. We need solutions that mean these workers can afford to live in the communities they serve," Hayes said.

<img alt="Hume Place" data-entity-type="file" data-entity-uuid="b635fca7-b5b2-4d32-a604-b218a2c2e2e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-09%20at%208.53.14%20am.png?VersionId=y.4veFgMUYw6FaOrPXbVk50XN3mlyxBw" />

NSW Nurses and Midwives’ Association General Secretary, Shaye Candish, welcomed the Third.i and Evolve partnership, pointing to a new member survey, which showed the lack of affordable housing was causing stress and anxiety for many healthcare workers.

“Many nurses and midwives in NSW struggle to secure affordable housing. 76% of respondents to our member survey said a lack of affordable housing was a problem, and over half indicated they were insecure in their current accommodation or didn’t have a steady place to live,” Candish said.

“Proximity to work is particularly relevant because of nurses and midwives’ work patterns, including shift work. 90% want to live near their workplace and access to affordable housing influences their employment decisions. 69% of respondents said they were experiencing rental stress.

“With the crippling cost-of-living pressures, the harsh reality is that the overwhelming majority of healthcare workers simply cannot find, let alone afford, to live near RNS, The Mater or other health facilities on the lower north shore.

Evolve CEO Lyall Gorman said&nbsp;demand for affordable housing far out-strips the current supply on to the market.

“That’s why we’re delighted that Evolve’s partnership with Third.i will potentially deliver a pipeline of new affordable housing for healthcare workers, who otherwise would be travelling between 1-2 hours to get to work every day.”

Third.i Director and Co-Founder Robert Huxley said Third.i was excited that the ‘Hume Place’ development could help address the chronic shortage of quality, affordable housing on Sydney’s lower north shore.

“We want to give frontline healthcare workers, like nurses, midwives, paramedics, and health professional and services staff, the chance to finally find quality, affordable housing options, close to Royal North Shore Hospital, The Mater Hospital and other local health facilities,” Mr Huxley said.

“The strategic location of the development, right above the Crows Nest Metro, will allow health care workers to easily access Royal North Shore Hospital, RPA, Sydney and St Vincent’s Hospitals, within just a few minutes. “Our proposed amended design aligns with the Minns Government’s drive to get more housing in connected, urban areas around stations and transport hubs, allowing key workers to live close to their work.”

<img alt="Third.i" data-entity-type="file" data-entity-uuid="a2ecf4a7-3137-48b8-a6de-525722a8afd1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-09%20at%209.03.57%20am.png?VersionId=Y3aguPjFQxw9fYnZFZRNYMAjqpQ25HOX" />

Third.i and PPI have already been granted Stage 1 approval for the Metro Precinct (Site A and B) development, but due to a decreased demand for office space, the urgent need for additional residential density in the LGA and in line with the Minns Government’s commitment to increasing the low supply of affordable housing, Third.i and PPI are proposing to amend the concept SSD for Site A for mixed-use, which includes a mix of affordable housing, private residential, retail, and commercial floor space.

Huxley said Hume Place will not only address the growing residential needs of the community, but create much-needed economic activity for local businesses.

“Should the project be approved, it will offer frontline workers a new benchmark of affordable and convenient inner city living; close to transport hubs, amenities and major hospitals in the Northern Sydney Local Health District. Frontline health workers, cleaning and catering staff working at local hospitals will all benefit from the affordable housing options, greatly-reduced travel times and improved work-life balance. 3 “These new residents will shop and spend locally which will be an added bonus for the local business community.”

Third.i will hand over the title of the affordable tower to Evolve, should the amended application be approved. The proposed precinct is set to launch to market on 15 October 2023 at the local community event, Crows Nest Fest.

Third.i has partnered with over 40 local businesses to offer attendees the chance to win one of three $10,000 voucher packs, to be used throughout Crows Nest.

Health Services Union Secretary, Gerard Hayes, said we have a housing crisis that is becoming a health crisis

Joel Robinson

Third.i to offer affordable housing to frontline workers at Crows Nest over-station development Hume Place

Residential developer Azure has secured a buyer for the most expensive penthouse in their Toowong apartment development, One Earle Lane.

The penthouse, one of four that will top the project in Brisbane's inner west, sold for $3.85 million to a local buyer.

One Earle Lane by Azure, which is taking shape on a 2,697 sqm parkside block on the corner of Sylvan Road and Earle Lane, comprises 90 apartments across eight levels.

Just eight apartments are left in the project, including three penthouses which start from $3.6 million.

[smartcode_project:default project_id=112120 project_image_fid=206696]

Azure Director Trent Kiernan said One Earle Lane has been "extremely well received by the market."

“We’re pleased to announce that, with construction now well under way, the first of our exclusive penthouse collection has sold to a local buyer capping off a strong run of sales across the development,” Kiernan said.

“One Earle Lane has been extremely well received by the market with buyers recognising our vision to create a premium project that offers a suite of superbly appointed residences and amenities.”

Designed by Paul Conrad from Conrad Architects, One Earle Lane will deliver a collection of one-, two- and three-bedroom apartments that have been crafted to take advantage of the site’s proximity to urban and natural amenity, including Toowong Park and the nearby Brisbane River.

[smartcode_project:default project_id=112120 project_image_fid=206695]

Residences in the Parkview and Penthouse Collection each deliver unobstructed northern views across the heritage-listed park.

The four penthouse apartments command park and city views on the northern façade and provide spacious living areas that are enhanced by expansive balconies.

Each penthouse features three bedrooms plus a multi-purpose room.

“Among the buyers showing interest in the remaining Parkview and Penthouse Collection are affluent downsizers from surrounding suburbs who appreciate everything the area has to offer,” Keirnan added.

“As One Earle Lane starts to take shape, we anticipate that interest in our Parkview and Penthouse Collections will continue to increase.”

One Earle Lane takes residential living in Toowong to a new level, from the entry lobby, concierge desk and business lounge, to the rooftop residents club above the eighth floor with its resort-style facilities including a wellness area with a large sauna, steam room, hot and cold magnesium plunge baths and gymnasium.

The rooftop recreation club will feature a 25-metre swimming pool with sun lounges and barbecue area, while the wellness centre will deliver a combined offering of restoration zones and physical activities.

[smartcode_project:default project_id=112120 project_image_fid=206691]

The indoor spaces within the residents’ recreation club include a cinema and a private dining room, which is fully equipped with a chef’s kitchen to provide a true residential dining experience - or it can double as a luxe boardroom or an area for business presentations.

One Earle Lane, with its dominating frontage along the tree-lined Sylvan Road, takes advantage of its prime location in Toowong, the western gateway to Brisbane’s CBD and surrounded by natural and urban amenities, including retail, education and professional employment nodes.

Keirnan said Azure has taken a global design approach with One Earle Lane to create bespoke residences that are aligned with the demands of owner occupiers.

“We pride ourselves on creating communities in which people live and One Earle Lane epitomises this philosophy. The level of amenity to be found is the kind that would only be available in a building with twice the number of apartments.

“One Earle Lane also delivers a diverse range of residences to cater for a range of buyers looking for a chic and sophisticated lifestyle that truly feels like home. We are pleased to say that our buyers recognise the level of detail and planning that has gone into this project to achieve this.”

One Earle Lane is under construction by 5Point Projects, the builder that is currently progressing construction of Azure’s One Five Six project in New Farm, which is due for completion in the first quarter of 2024.

Construction of One Earle Lane began in January this year, with Azure targeting completion in the fourth quarter of next year.

[smartcode_project_cta:default project_id=112120]

One Earle Lane by Azure, which is taking shape on a 2,697 sqm parkside block on the corner of Sylvan Road and Earle Lane, comprises 90 apartments across eight levels

Azure secure priciest sale in One Earle Lane, Toowong apartment development

Johnson Property Group has received State significant masterplan approval for its $600 million Trinity Point development in Lake Macquarie.

The green light fast-tracks the masterplanned community’s plans to provide a unique blend of sustainable luxury living and a significant economic boost to Lake Macquarie and surrounding areas.

Set against the scenic 3.8-hectare backdrop of waterfront property overlooking Barden’s Bay, Trinity Point promises a mix of premium resort hospitality, retail spaces and apartments, as well as a state-of-the-art marina and helipad.

<a data-entity-type="file" data-entity-uuid="4e7a4306-1545-4303-8757-498bd3b47266" href="/new-apartments/trinity-point-estate-81-trinity-point-drive-morisset-park"><img alt="Johnson" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-06%20at%2012.36.07%20pm.png?VersionId=5OaqRTMm9aqE.5x_GFEQmXQllS.Ru0_0" /></a>

The masterplan features 180 luxury apartments with 614 car spaces, a 218-room hotel, a function centre for up to 300 people, a medispa and wellness retreat, six serviced apartments and two 300-seat restaurants.

Currently on the site sits restaurant 8 at Trinity.

Johnson Property Group's Natalie Johnson says they built an $8 million, 350-seat pop-up&nbsp;restaurant to showcase a taste of what is to come in the proposed development.

“It currently attracts up to 1000 to 1200&nbsp; customers per day with 80% travelling up from Sydney for the experience," Johnson says.

"It makes you feel like you could be anywhere in the world without getting on a plane, proving the incredible demand and future success of a project of this calibre.”

<a data-entity-type="file" data-entity-uuid="e4cdfd47-2eaa-4633-9b26-87babcec951b" href="/new-apartments/trinity-point-estate-81-trinity-point-drive-morisset-park"><img alt="Johnson" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-06%20at%2012.36.33%20pm.png?VersionId=ticI7ug2NWq91pN_CnXjhT6NapWCo82J" /></a>

Trinity Point’s 188-berth marina is poised to become one of New South Wales’ largest, creating hundreds of new jobs in the region.&nbsp;

Keith Johnson of Johnson Property Group said Trinity Point isn’t merely a development, it’s a world-class resort development.

"[The] 188-berth marina will attract tourism from around the World because there is nothing else like it in Australia," Johnson says. The marina will become one of&nbsp; New South Wales’ largest marinas, creating hundreds of new jobs in the region.&nbsp;

Renowned architect Koichi Takada has been in charge of the designs of the new stage of Trinity Park. He took&nbsp;inspiration from the serene surroundings and rolling Watagan Mountains.

“Our design concept aims for harmonious interaction with nature,” Takada said.

Fluid, sculptural forms are blanketed with green roofs touching the ground in the same manner as the nearby mountains meet the lake.

<a data-entity-type="file" data-entity-uuid="63d1d846-fc91-4791-b71d-02f57cf1ba5c" href="/new-apartments/trinity-point-estate-81-trinity-point-drive-morisset-park"><img alt="Jonson" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-06%20at%2012.38.27%20pm.png?VersionId=e3FTqZw3lOSRCBZkQmc8oxcQ2f_a4OKe" /></a>

Much of the site will remain publicly accessible, featuring a major public pedestrian walkway along the foreshore and secondary through-site links weaving around the buildings. These walkways offer a trail experience, connecting private and public areas.

Koichi Takada Architects will also bring its signature biophilic design to Trinity Point. Think solar panels tucked between lush green roofs, rainwater collection systems, and boardwalks that don’t just look good—they do good.&nbsp;

Lake Macquarie’s property market has shown up to a 40 per cent increase over the last year alone. The recent completion of the Sydney–Newcastle Expressway adds to the region’s desirability.

The masterplan features 180 apartments, a 218-room hotel, a function centre, a medispa and wellness retreat, six serviced apartments and two 300-seat restaurants

Johnson Property Group secure approval for Koichi Takada-designed Trinity Point, Lake Macquarie development

It's been around 15 years since a new apartment project was developed in Bargara, the small coastal town around 13 kilometres east of Bundaberg.

Longtime Brisbane real estate agent Graham Furtado saw it as an opportunity to return to his hometown and create what locals are saying is the first off the plan apartment opportunity since 2007.

Furtado has recently launched MIRA Living, just 25 apartments on a site which Furtado describes as the best in Bargara.

[smartcode_project:default project_id=138280 project_image_fid=222855]

"We're strategically located at the south end of Esplanade, which in itself is a busy street given it faces the beach," Furtado says.

"We're however within touching distance of all the amenity the comes with a beachfront strip, but we're quietly positioned at the end of the street, just a few hundred metres from the sand and the beachfront."

The peninsula location puts future MIRA Living residents just 300 metres to Bargara Golf Club, 400 metres to the shops and cafes on the Esplanade, and 300 metres to Kelly's Beach and the Basin.

While Furtado knew he was tapping into a market which has been starved of off the plan product, he hadn't expected sales to come at the rate they have.

[smartcode_project:default project_id=138280 project_image_fid=222667]

"Around 30 per cent of the project has already sold, much quicker than anticipiated," Furtado says. His buyers have predominantly been locals, while there's been a couple from the Sunshine Coast and one from Brisbane.

"The demand is definitely there in Bargara," Furtado says. "If there's another opportunity to acquire a site with similar density then there's certainly opportunity to serve an undersupplied market."

Designed by Mondo Architects in collaboration with design specialist Sarah Wood Design, MIRA Living comprises 25 three-bedroom apartments which cater for the owner-occupier. A number of the apartments, which all feature high-end European appliances, master bedrooms with walk-in wardrobes and ensuites, have a study or multi-purpose room.

[smartcode_project:default project_id=138280 project_image_fid=222661]

Each apartments also has basement garaging for two cars. Residents will have private amenity in the form of a tropical landscaped pool and gardens adjoining a communal alfresco area.

The site has been cleared, and Furtado is hoping to commence construction early next year, with a mid-2025 completion date anticipated.

Furtado has been an estate agent across Brisbane for the best part of three decades.

[smartcode_project_cta:default project_id=138280]

Furtado has recently launched MIRA Living, just 25 apartments on a site which Furtado describes as the best site in Bargara.

Furtado Property secure early success at rare Bargara apartment development MIRA Living

Mirvac has firmed up plans for the next stage of Zetland's burgeoning Green Square precinct.

The ambitious $13 billion Green Square redevelopment has been a longstanding collaboration between Mirvac and Landcom, the NSW Government owned property developer, since 2012. Over the last decade they've focused on the 13.7 hectare block of land surrounding the Green Square Train Station, which has seen them already construct hundreds of apartments, extensive food and beverage tenancies, a library, and a primary school.

The latest $315 million plans are a revision on a 2017-approved development application. Proposed are three towers at 960A Bourke Street, two designed by Tzannes Architects and one designed by Bates Smart, both in collaboration with Mirvac's in house design team.

The amalgamated 3,688 sqm block, referred to as Site 7, Site 17 and Site 18, will flank the Green Square central plaza, opposite the Green Square Library and the Green Square Train Station and next door the the award-winning completed residential development Infinity by Crown Group.

<img alt="Mirvac Green Square" data-entity-type="file" data-entity-uuid="1eb84464-9f8e-4011-ba0b-ff3615062b52" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%203.17.22%20pm.png?VersionId=CZPBLVddBwqcqI4jv4KaWvbG.FeLeNOO" />

The buildings will rise 13, 18 and 20 storeys.

The 13 and 18-storey buildings, designed by Tzannes, were designed to be&nbsp;complimentary in their form, but display individual identities through differing materials, vertical and horizontal articulation, Tzannes noted in their Design Statement submitted to City of Sydney Council.

The Site 7 tower has been designed with a glazed commercial podium with a residential tower floating above, while Site 17 is a brick apartment building, with "reference to Sydney’s long history of small and medium sized brick residential fl at buildings."

There will be 183 dwellings spread across the two buildings, the majority two-bedrooms apartments. There will also be a handful of two and three-bedroom townhouses.

At the foot of the two Tzannes-designed buildings will be 14 retail spaces.

<img alt="Tzannes Mirvac" data-entity-type="file" data-entity-uuid="d84ff26f-6b5c-4130-80f6-0c13c4134226" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%203.21.18%20pm.png?VersionId=goVrkEdtfpSAOhbd5D1qH8R09xrDIOIb" />

Bates Smart has designed the tower, referred to as Site 18, on the smallest section of the site.

That will have just 77 apartments, again heavily weighted towards two-bedrooms (67%).&nbsp;Bates Smart said the change in the apartment mix was due to the evolution of Green Square since they designed the original tower over six years ago.

"Green Square has undergone radical change in recent years as the public domain and community infrastructure envisioned by the Green Square DCP has come to life," the architecture studio wrote in their Design Statement.

"The completion of key community buildings has made for a highly liveable town centre, including; the Green Square Library and Plaza, Community Centre, Gunyama Park Aquatic and Recreation Centre and the Drying Green. Future Improvements including the Green Square Public School and an ever growing retail network will only continue to make the area more desirable.

"This changing context has seen a shift in the market from investor product to larger owner-occupied dwellings which has underpinned the re-thinking of the design of Site 18."

They said the&nbsp;façade approach "contrasts a crisp white frame with a family of ‘cool’ infill elements that provide a calm and elegant backdrop for the staggered primary frame."

<img alt="Bates Smart Mirvac" data-entity-type="file" data-entity-uuid="9b7a2503-eb7f-4881-b25c-7a72ccf9a070" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%203.50.34%20pm.png?VersionId=kEP.xfcQi_iD830tne4YbSQ7f5v9Lkem" />

&nbsp;

Mirvac recently topped out three of their Green Square apartment developments,&nbsp;The Frederick, Portman on the Park, and Portman House,&nbsp;which have a combined construction value of over $210 million.

&nbsp;

Over 80% of the apartments are sold, to a mix of owner occupiers, young first home buyers and investors.

<a href="/developers/mirvac" target="_blank">Mirvac</a>&nbsp;CEO Development Stuart Penklis said the completion of the three buildings forms a significant milestone for the ongoing evolution of Green Square from one of the city’s oldest industrial suburbs to Sydney’s first new town centre in more than a century.

"The new community we are delivering in partnership with state and local government at Green Square has already contributed homes for over 1,000 residents, and these three new apartment buildings will see a further 685 residents calling the precinct home by the end of 2023," Penklis said.

When Mirvac complete Green Square they will have delivered more than 1,600 apartments.

<h1>Fast Facts about 960A Bourke Street, Zetland</h1>

Site 7: 19-storey building with an 8-storey podium fronting Green Square Plaza comprising ground floor retail, ground floor loading dock, commercial uses within the podium, 124 apartments, landscaped communal open space and landscaped podium roof terrace.

Site 17: 14-storey building with a 4-storey podium fronting Green Square Plaza comprising ground floor retail, commercial uses within the podium, 183 apartments and a landscapes podium roof terrace.

Site 18: 21-storey building comprising ground floor retail, 77 apartments and a landscaped roof terrace

The ambitious $13 billion Green Square redevelopment has been a longstanding collaboration between Mirvac and Landcom, the NSW Government owned property developer, since 2012

First look: Mirvac continue Green Square transformation with three-tower mixed-use development

Melbourne unit value growth doubled month on month in September, with the growth in apartments and townhouses outstripping house value growth.

Following modest gains of 0.4 per cent in July and 0.3 per cent in August, Melbourne units grew 0.6 per cent over September, compared to the 0.3 per cent growth houses in the Victoria capital posted, according to&nbsp;CoreLogic's Monthly Hedonic Home Value Index.

Melbourne unit values are now 1.6 per cent up over the rolling quarter, and 3.3&nbsp;per cent year to date. The median value for units in Melbourne is now $612,585.

CoreLogic Research Director Tim Lawless noted that in&nbsp;the more expensive cities, Sydney and Melbourne, the broad middle of the market is now recording the highest growth rate after previously being led by the upper quartile.

“Possibly we are starting to see renewed affordability challenges deflecting more demand towards the middle of the market where barriers to entry are lower,” Lawless said.

Read more:&nbsp;<a href="/news/vic/city-beat-august-2023-buyers-start-to-emerge-in-melbournes-off-the-plan-market">City Beat August 2023: Buyers start to emerge in Melbourne's off the plan market</a>

<h2>What's happening in the Melbourne off the plan market?</h2>

Melbourne is arguably the slowest of markets to understand the value that off the plan apartments offer currently.

Everything in Melbourne points to a prolonged period of growth. The supply and demand imbalance is the largest in the country by some distance, and the most concerning part for Melbourne is that the gap is likely to widen, not narrow. Not enough apartment developments are getting launched, nor are development sites transacting. At the same time, immigration numbers are expected to be the highest in the country.

Anecdotal feedback from agents however is that the majority of buyers are not ready to commit to a purchase yet, with confidence of deliver an issue. However more buyers are starting, or restarting, their purchasing journey now there's more confidence in the RBA holding rates.

Buxton Projects Director Josh Buxton believes there's a real opportunity to make money in the off the plan apartment market at the moment.

"Over the next decade we’re going to see a large shortfall of supply, and at some stage those pressures will come in and people will realise there’s money to be made in buying off the plan property," Buxton said.

"When property prices jumped by 40 per cent in some areas during COVID, off the plan prices didn’t move which is incredible. That means you’re still buying at a price that you might have afforded back in 2020. Buyers can’t do that in the established market after such significant price jumps."

Buxton recently started construction on ADA Toorak, just 22 three-bedroom apartments designed by Paul Conrad on Malvern Road.

[smartcode_project:default project_id=92806 project_image_fid=175568]

Buxton said he couldn't believe how quickly enquiry changed when they started building.

"There was a really distinct line. It wasn’t when the site was demolished, or site prep, but as soon as the concrete was poured, then we got activity."

Construction on the striking building is slated for mid-2024. Buxton says ADA brings something different to Toorak, offering a more affordable solution to the bluechip suburb without compromising on quality.

"We wanted to provide the quality Toorak locals have come to expect from high-end homes but in an apartment. We really pushed on the landscaping too so downsizers are still surrounded in greenery without the maintenance of a large yard.

[smartcode_project:default project_id=92806 project_image_fid=175569]

OSK Property is finding buyers are saying the same about builder confidence at BLVD, their latest stage of their&nbsp;$2.8 billion Melbourne Square development in Southbank.

BLVD, which follows two completed residential towers, comprises 591 apartments and a suite of wellness facilities and sustainability features which have become the cornerstone of the masterplan.

OSK Property Sales and Marketing Director Ivy Chen said they are seeing success because of the certainty they bring to the off the plan apartment market.

"What is influencing buyers is having the&nbsp;certainty that construction will indeed go ahead. They will research the quality of past projects as evidence too."

[smartcode_project:default project_id=107714 project_image_fid=214124]

Chen says&nbsp;demand for both completed and off the plan apartments is very strong at the moment.

"There has been a big change from previous years with a noticeable switch of purchaser type from investors to owner occupiers. Now more than half are owner occupiers," Chen advised.

She says buyers are more demanding in their requirements for floor plan layouts, views, and storage space, as well as&nbsp;whether the development has any sustainability or wellness features, the latter more of a requirement since COVID.

"People are definitely more focused on their mental and physical health now," Chen noted.

[smartcode_project:default project_id=107714 project_image_fid=211867]

Lendlease have quickly secured two thirds of sales at their Regatta at Collins Wharf development, which has prices starting from $591,500 through to nearly $4.7 million.

<a href="/developers/lendlease-development">Lendlease</a>&nbsp;Head of Apartments Daniel Dugina&nbsp;said the&nbsp;significant demand demonstrates the return of confidence in the off the plan housing market.

[smartcode_project:default project_id=134684 project_image_fid=224391]

He said the development has been welcomed by first home buyers through to downsizers seeking a quality home within the desirable dual-waterfront neighbourhood with easy access to the CBD.

“Regatta at Collins Wharf is the next stage of our ongoing investment in the area, with the precinct’s location presenting an exciting opportunity for Melbourne's city centre to stretch further westwards and engage with the water, connecting its maritime past with the contemporary vibrancy of the city for residents, workers and visitors.”

Melbourne unit values are now 1.6 per cent up over the rolling quarter, and 3.3 per cent year to date

City Beat September 2023: Melbourne unit growth outstrips houses as buyers look ahead

Brisbane unit vales continued to grow over September as supply remains incredibly tight in the Queensland capita.

CoreLogic's monthly Hedonic Home Value Index showed another surge in Brisbane unit vales over last month, a further 1.1 per cent. The rolling quarterly gains of 3.7 per cent makes the Brisbane unit market one of the best performing unit markets in the country.

The Brisbane unit median is now&nbsp;$539,169, a rise from the previous months $520,000.

CoreLogic Research Director Tim Lawless said the performance of the housing market in Brisbane reflects the underlying supply dynamic, with advertised supply levels around 40 per cent below the previous five-year average.

"The trend in advertised stock levels is a key influence on housing values," Lawless says.

"The flow of new listings has been on an upwards trajectory since early June, bucking the normal seasonal trend where new listings are typically flat to falling through winter. Over the four weeks ending September 24th, the flow of new capital city listings was 14 per cent higher than at the same time last year and 8.0 per cent above the previous five year average."

Lawless notes however that, while total&nbsp;capital city listings remain below last year and less than the five-year average, there is a clear upswing in available supply.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

The <a href="/developments/brisbane-qld">Brisbane off the plan apartment market</a> is firing on all cylinders, still driven by a lack of supply across the city.

The supply constraints was evident in Rider Levett Bucknall's 2023 Crane Index which showed the Queensland capital recorded a net loss in crane numbers over the past six months.

Pikos Group have timed the relaunch of their Kangaroo Point apartment development, Skye Residences, perfectly, at a time where there's little to no premium riverfront apartment projects.

They've secured a number of sales at the luxury two-tower, 68-apartment development on one of the best sites in the whole of Brisbane.

Pikos Group CEO Michelle Wooldridge says the response from the immediate local market has been overwhelming, with Brisbane buyers accounting for $20 million in sales over last month alone.

"Many buyers have viewed more than five residential projects and revisted Skye, realising it cannot be matched for quality of finish and its absolute riverfront location," Wooldridge says.

“People can see the tower crane in place, a full basement completed and that construction of the building is progressing and a reality. While many other projects have been put on hold, Skye is clearly progressing and this certainty has boosted demand.”

[smartcode_project:default project_id=90059 project_image_fid=218024]

Pikos recently completed the excavation of the basement on the River Terrace site, a major milestone in construction. They've appoted Tomkins Commercial to build the project, which will be complete in 2025.

Read more: <a href="/news/qld/pikos-advance-construction-at-kangaroo-point-apartment-development-skye-residences">Pikos advance construction at Kangaroo Point apartment development, Skye Residences</a>

Wooldridge says buyers were attracted to the views on offer and apartment sizes, with all luxury residences featuring uninterrupted views of the Brisbane City skyline, South Bank, the Botanic Gardens and the Brisbane River.

“We are finding that buyers require a visual demonstration of value which Skye offers in abundance including a strong recognition of, and appreciation for, generous use of natural stone throughout the residence, premium Vzug appliances and Parisi tapware, master king sized suites with upgraded built-in wardrobes, and ensuites with baths

“Our purchasers are motivated to upgrade their living environment, and at the same time, maximise a riverfront lifestyle on Brisbane’s premier dress circle, within walking distance of waterfront dining and the CBD."

[smartcode_project:default project_id=90059 project_image_fid=218025]

At the other end of the market, longstanding Brisbane developer Azure has continued its success in Brisbane's northern corridor, doubling down on what sales manager Allyce Kluger says is a niche market to be developing in.

"We're one of few developers creating design-led and amenity rich townhouses in the northern corridor," Kluger says, adding that the northern hub has "everything a buyer would need."

"The northern corridor has grown in popularity, with good schools, transport and retail. Our projects are more price pointed than a house, while families have also been attracted to a lock up and leave, low maintenance lifestyle which a house doesn't tend to offer," Kluger said.

Azure have been developing in the northern corridor for a number of years. They've already sold two thirds of their yet to be launched 76-townhouse development Willow in North Lakes, and they're soon to launch Elwood by Azure, another 68 townhouses in Mango Hill bordering a nature reserve.

They're currently construction their sold out Munro by Azure in Bundamba.

Kluger said Azure's biggest marketing tool is to point prospective buyers&nbsp;in the direction of their previously completed projects nearby to show what it would be like living in an Azure community.

"We have 25 year caretaking agreements in every community we develop to ensure we deliver on the promise and our properties remain special forever. We are also a builder developer and can therefore give buyers confidence in the final price, having a deep understanding of the true construction costs.”

Next year Azure will launch their Casuarina project at 6 Grand Parade which will have 91 "subtropical" apartments and terraces.

The Brisbane off the plan apartment market is firing on all cylinders, still driven by a lack of supply across the city

City Beat September 2023: Locals snap up off the plan projects in and out of Brisbane

The continued strength in the Gold Coast property market has seen the South East Queensland hotspot's median unit value surpass $700,000.

CoreLogic's Hedonic Home Value Index found Gold Coast units jumped another 1.3 per cent across September, topping growth in Sydney, Melbourne and Brisbane.

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-median-approaches-700k-following-august-growth">City Beat August 2023: Gold Coast unit median approaches $700k following August growth</a>

<h2>What's happening in the Gold Coast off the plan market?</h2>

Prospective buyers are still queuing up for off the plan apartments developments on the Gold Coast.

While signing up to join waitlists was more prevalent during the pandemic when buyers were missing out on projects which were selling to databases without even hitting the market, the recent development application by Molti for their <a href="/news/qld/first-look-exclusive-molti-secure-prime-bilinga-site-plan-luxury-apartment-project">luxury beachfront Bilinga project</a> saw a strong response.

Molti Director Ben Teague said the response has been incredibly positive.

"We’ve already had people join our waitlist at this early stage," Teague said, adding that buyers have been impressed with both the architecture and the beachfront position in Bilinga.

"We’ve been looking at the southern Gold Coast for a number of years, and while it’s seen considerable growth since the pandemic, we still feel there’s plenty more room to grow."

<img alt="Bilinga" data-entity-type="file" data-entity-uuid="90f45f83-d3ae-48fd-9b32-e28ac6b82207" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%209.15.01%20am_0.png?VersionId=8oIJOVH6SMSrf8SFM_IDJpf0RcIVOGBK" />

Molti's key business&nbsp;contacts and stakeholders from southern states, particularly Melbourne, are wanting to heavily invest in property in South East Queensland.

"That tells us the growth wasn’t solely pandemic-fuelled. While thousands from the southern states viewed it as an escape from lockdowns over 2020 and 2021, there’s still people moving in droves to SEQ, and forecasts suggest that will continue."

Prominent Canberra developer Amalgamated Property Group are set to bring some further supply to the Gold Coast off the back of the success of their under construction Broadbeach apartment development, Amaya Broadbeach.

Amalgamated Property Group Development Manager Michael D'Elboux says they&nbsp;are seeing a return of buyer confidence, which he says&nbsp;is a direct response to the recent introductions of developer/builders at the helm of both the project vision and delivery.&nbsp;

"Specific feedback that we’re hearing from our buyers at Amaya Broadbeach is that this is providing them with additional certainty knowing that the delivery of the home they’re investing in will actually be of the highest priority to both parties and that their successes go hand-in-hand; there isn’t another party calling the shots," D'Elboux says.&nbsp;

[smartcode_project:default project_id=111866 project_image_fid=205116]

"Industry-wide, this all contributes to a much-needed positive sentiment – these increases in sales and continuation of construction activity does have a broader flow-on effect, with impact on the general market confidence and therefore, future demand and supply."

D'Elboux said that even with the arrival of spring and its natural inclination for the number of sales to pickup, the majority of enquiries at the moment are discerning buyers, namely those who have been watching the marketplace for some time.&nbsp;

"Buyers are doing more independent research before they even reach out to us, which means we're experiencing higher-quality enquiries and shorter conversion timelines to purchase,"&nbsp;D'Elboux says.

[smartcode_project:default project_id=111866 project_image_fid=205115]

"They are connecting with the long-term vision so we’ve got a strong reassurance of a quality residential community that will be in alignment with our original concept.

"As well as holiday-home makers, we’ve definitely been seeing a strong pickup in owner-occupiers who are looking to the future and finding their way to get closer to the water and live that Gold Coast dream by the sand and the sea, but in a low-maintenance home for an easy lifestyle."

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.



City Beat September 2023: Gold Coast unit values pass $700k after continued 2023 growth

<a href="/developers/lendlease-development">Lendlease</a> has achieved huge success at its Regatta at Collins Wharf development which they launched off market earlier this year.

They've sold over two thirds of the Collins Street building,&nbsp;uniquely located between the Yarra River and the harbour in Docklands, following the success of Collins Wharf’s flagship residential building, No. 1 Collins Wharf, which was completed in 2019.

Since its off-market launch in March this year, Regatta at Collins Wharf has attracted a legion of buyers seeking the opportunity to experience the best of city and waterfront living while being only a short walk from Melbourne’s CBD.

[smartcode_project:default project_id=134684 project_image_fid=224395]

Daniel Dugina, Head of Apartments at <a href="/developers/lendlease-development">Lendlease</a>, said the&nbsp;significant demand demonstrates the return of confidence in the off the plan housing market.

He said the development has been welcomed by first home buyers through to downsizers seeking a quality home within the desirable dual-waterfront neighbourhood with easy access to the CBD.

“Regatta at Collins Wharf is the next stage of our ongoing investment in the area, with the precinct’s location presenting an exciting opportunity for Melbourne's city centre to stretch further westwards and engage with the water, connecting its maritime past with the contemporary vibrancy of the city for residents, workers and visitors.”

The 317-residence development designed by&nbsp;architecture firm Warren and Mahoney spans 29 levels and has one, two and three-bedroom apartments and a Premier Collection of luxury residences that have up to four bedrooms.

The Premier Collection includes five two-storey Skyhomes that are located on level 27 and offer panoramic views of the water and city skyline along with open-plan living, a choice of hand-selected colour palettes, and high-quality fixtures and fittings.

[smartcode_project:default project_id=134684 project_image_fid=224394]

The Premier Collection also includes ten Harbourhomes each enjoying access to a secluded rooftop terrace via a private lift or internal staircase, while another 12 premium Riverhomes offer expansive river-frontage views that will never be built out as well as a private double garage with direct access to the residence.

Residents at Regatta at Collins Wharf will enjoy a hotel-style lobby with concierge service and access to a range of facilities within the building that promote wellness including an indoor swimming pool, spa, sauna and steam room, gym and multipurpose rooms.

[smartcode_project:default project_id=134684 project_image_fid=224392]

Guests can be entertained in the private dining room and resident lounge, or enjoy the lush, landscaped surrounds of the two rooftop terraces located at level 4 and level 17 with panoramic views, plus a wintergarden.

The development will target 5 Star Green Star certification, designed as&nbsp;an all-electric building with electric vehicle infrastructure.

Collins Wharf is located adjacent to <a href="/developers/lendlease-development">Lendlease’s</a> Victoria Harbour precinct that has been in development over the past two decades. Residents will have ease of access to nearby amenity including public parks and community spaces such as the Library at the Dock.

As part of delivering Regatta at Collins Wharf, new parks and open spaces for the community will be created.

Buyer interest has been buoyed by confidence in the delivery of the development. Built atop a ‘finger wharf’ between Victoria Harbour and the Yarra River, early works have already commenced. Construction is expected to start in early 2024 and anticipated for completion in 2026.

Waterfront apartment prices start from $591,500, and Premier Collection residences range from $2,372,000 to $4,689,000.

[smartcode_project_cta:default project_id=134684]

Daniel Dugina, Head of Apartments at Lendlease, said the significant demand demonstrates the return of confidence in the off-the-plan housing market

Lendlease secure quick success at Regatta at Collins Wharf apartments in Docklands

David Devine's DD Living has unveiled the much-anticipated North Burleigh beachside apartment development, Burly Residences.

The 25-level premium development sprawls across a&nbsp;2024 sqm site across 264 and 266 Esplanade, offering never to be built out views of the sand and ocean.

The $480 million Burly Residences offers 100 luxury apartments and a suite of five-star resort amenities. There are a mix of two and three-bedroom apartments offering different views of North Burleigh headland or the beach. A handful of the apartments also have a multi-purpose room.

[smartcode_project:default project_id=134791 project_image_fid=220106]

DD Living had&nbsp;award-winning architect Koichi Takada of Koichi Takada Architects design the building, with Miriam Fanning, founding director of Mim Design, handling the interiors. The landscaping is by Thomas Schubel's LDG Landscape Architecture.

"Having the opportunity to bring such an iconic building to life in such a special part of the world makes me immensely proud,"&nbsp;David Devine said.

"That's why we've assembled a world-class team of architects, interior designers, landscape architects, and engineers to ensure that the finished product is the very best it can possibly be."

[smartcode_project:default project_id=134791 project_image_fid=220103]

Koichi Takada said he designed a building that mimics the natural rhythm of the tides.

"The billowing columns that support the building reference the barreling waves that make this place a surfing mecca," Takada said, emphasising the breathtaking views Burly Residences achieves.

"The higher you go, the more you become at one with your surroundings, where you will enjoy uninterrupted views of the hinterland and ocean beyond," Takada added.

[smartcode_project:default project_id=134791 project_image_fid=220104]

Miriam Fanning said Burly Residences will&nbsp;deliver an unparalleled standard of living and will benefit from a level of amenity unlike anything ever seen before in Australia," Fanning said.

"We've appointed every aspect to deliver ultimate tranquillity and ease of living. This design is a reflective response to the undulating oceans and sun-kissed sea."

Total Property Managing Director Adrian Parsons, who is managing the sales of the project, says Burly Residences is truly outstanding development.

“Burly provides a true essence of Gold Coast living,” Parsons says.

“Everything has been geared around the subtropical lifestyle which the Gold Coast is famous for, from wide balconies and sunny decks to extensive views up and down the coastline.”

Parsons says the “playground” of amenity on offer suits the owner-occupier, as well as the buyer who wants to spend a few weeks at a time at Burly Residences.

[smartcode_project:default project_id=134791 project_image_fid=223396]

Residents of Burly Residences will enjoy access to two floors of five-star resort amenities, including resort-style pools set amid tropical gardens, a pool deck, and a luxury beach club. There's also wellness facilities in the form of a gym, yoga and Pilates lounge, Peloton room, steam room and a sauna.

Completing the amenities is a cinema, work from home office spaces and an executive lounge with a bar.

Parsons says the location of Burly Residences also appeals to the owner-occupier.

"North Burleigh is a little different to Burleigh Heads," Parsons says.

"It's a quieter lifestyle, literally a few steps from the ocean, while also being a short walk to Burleigh Heads to the south and Miamia and Nobby's Beach to the north. It offers the best of both worlds."

Burly Residences is slated for completion in 2026.

[smartcode_project_cta:default project_id=134791]

The 25-level premium development sprawls across a 2024 sqm site across 264 and 266 Esplanade, offering never to be built out views of the sand and ocean

DD Living reveal luxury Burly Residences development

<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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