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

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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