Sydney’s harbourside suburbs have undergone rapid regeneration over the past five years

New developments are lining the harbour and the surrounding streets.

Pyrmont, one of Sydney’s most central harbourside suburbs, has been somewhat left behind in the new apartment development scene.

The suburb—just a bridge and waterway away from Darling Harbour and the heart of the Sydney CBD—hasn’t seen a new apartment development since the completion of Paragon of Pyrmont in 2021. That project primarily featured three- and four-bedroom apartments and luxury terraces.

<h2 data-end="896" data-start="862">Apartment Demand Remains Strong</h2>

Given that over 90 per cent of Pyrmont residents live in apartments, there’s a clear appetite for apartment living in the area.

A key reason for the lack of new development has been land scarcity. Pyrmont is a relatively small suburb compared to others along the harbour’s edge, leaving developers with few opportunities.

<h2 data-end="1255" data-start="1222">A Rare Development Opportunity</h2>

So when the chance to secure a large site in Pyrmont arose, developer Landream—known for Opera Residences at Circular Quay—acted quickly.

They acquired a 1.2-hectare block on Wattle Street from the City of Sydney in 2019, the same year the NSW Government announced the new $750 million Sydney Fish Market, just 300 metres from the development site.

After several years of planning to ensure the right fit for the prime site, Landream has now unveiled <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a>: five buildings with 267 apartments, a swimming pool, a state-of-the-art gym, a commercial office tower, childcare facilities, and recreational centres.

[smartcode_project:default project_id=138909 project_image_fid=337669]

<h2 data-end="1929" data-start="1880">Perfectly Positioned on the Edge of the Action</h2>

While located next to the landmark Fish Market, Pyrmont Place sits on the very western edge of Pyrmont, bordering Ultimo—home of Broadway Shopping Centre—and Glebe, one of Sydney’s liveliest inner-west hubs for dining.

Pyrmont has a Walk Score of 92. (Suburbs scoring between 70 and 89 are considered “very walkable.”)

[smartcode_project:default project_id=138909 project_image_fid=337677]

<h2 data-end="2298" data-start="2252">Sydney’s Next Landmark: The New Fish Market</h2>

The closest major attraction is the new Fish Market, set to open sometime this year. It has been described as the most significant waterfront building in Sydney since the Opera House and will include a Southeast Asian diner by Luke Nguyen, along with a range of restaurants, retail outlets, seafood vendors, delis, wine merchants, and bakeries.

Wentworth Park, a multipurpose green space with sports fields and the Wentworth Park Greyhound Track, sits just across the road—ensuring unobstructed views due to the lack of developable space.

[smartcode_project:default project_id=138909 project_image_fid=330851]

<h2 data-end="2877" data-start="2841">A Connected Harbourside Lifestyle</h2>

A new Blackwattle Bay promenade will create a 15-kilometre continuous foreshore walk connecting Rozelle Bay to Woolloomooloo. Meanwhile, Pirrama Park, located toward the northern end of Pyrmont and just a 15-minute walk away, offers BBQ facilities, playgrounds, and views of the Sydney Harbour Bridge.

[smartcode_project:default project_id=138909 project_image_fid=330854]

Pyrmont’s well-established and popular dining scene includes renowned venues such as Sokyo, BLACK Bar &amp; Grill, and LuMi Dining—all within walking distance of Pyrmont Place and The Star casino, which sits on the edge of Darling Harbour and offers even more dining options.

<h2 data-end="3486" data-start="3455">Walk, Ride, or Ride the Rails</h2>

Those commuting from Pyrmont Place can enjoy a manageable 20-minute walk across Pyrmont Bridge into the CBD. The area is also bicycle-friendly, including the bridge itself.

[smartcode_project:default project_id=138909 project_image_fid=330856]

Pyrmont features its own light rail stop, connecting to Central Station and Dulwich Hill in the inner west. By 2030, it will also be connected to the expanded Sydney Metro line via a new station between Pyrmont Bridge Road and Union Street.

<h2 data-end="3934" data-start="3904">A One-of-a-Kind Opportunity</h2>

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come.

Construction is expected to start later this year, with a stage completion in 2028.

[smartcode_project_cta:default project_id=138909]

Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come

Joel Robinson

Pyrmont Place to fill gap in harbourside suburb apartment supply

Unit values in the Gold Coast are continuing to grow in 2025.

The latest Home Value Index by Cotatlity (formerly CoreLogic), shows another month of growth in the local unit sector, with values rising 0.7 per cent in April.

Over the rolling quarter, unit prices have increased by 1.8 per cent, reaching a new median high of $849,000. Over the past 12 months, values have risen by 6.3 per cent, reflecting sustained demand and market confidence.

While many national property markets are now benefiting from a declining interest rate environment, the Gold Coast has remained relatively resilient throughout the high-rate cycle. The region’s strong performance has been underpinned by its lifestyle appeal, limited supply of new housing, and continued interstate migration—factors that have consistently supported price growth.

With further interest rate cuts expected, market fundamentals suggest the Gold Coast property market is well-positioned to continue its growth.

<h2 data-pm-slice="1 1 []">What happened in Gold Coast’s off the plan apartment market in April?</h2>

There was plenty of momentum in the Gold Coast’s off the plan apartment market in April, with a surge of new construction starts, tower releases, and planning applications up and down the coast.

Developers continued to target the high-end, owner-occupier market, as well as lifestyle-driven buyers seeking resort-style amenities and beachfront access.

One of the most high-profile launches of the month was <a href="/new-apartments/pescado-palm-beach-229-jefferson-lane-palm-beach-qld-4221">Pescado</a>, a boutique Palm Beach apartment development from international DJ Paul Fisher and his wife, Chloe.

[smartcode_project:default project_id=149651 project_image_fid=342045]

The $50 million project, designed by&nbsp;<a href="/architects/bda-architecture" target="">BDA</a> Architecture, will comprise just seven ultra-luxury residences, including a two-level penthouse that the Fishers plan to call home.

Featuring wave-like façades and organic interiors, Pescado is a deeply personal project for the couple and brings a fresh, creative energy to Jefferson Lane.

[smartcode_project:default project_id=149651 project_image_fid=342040]

Each three-bedroom, three-bathroom home will feature expansive open-plan layouts, high-end finishes, and seamless indoor-outdoor living.

Designed with an emphasis on wellness, functionality and meaningful social spaces, the residence features a resort-style pool, gym, cold plunge, BBQ, and dining areas, encouraging a balanced lifestyle.

Read more: <a href="/news/qld/dj-fisher-launches-pescado-luxury-palm-beach-apartment-development">DJ Fisher launches Pescado luxury Palm Beach apartment development</a>

Last month&nbsp;<a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;released the second tower at its popular Broadbeach apartment development,&nbsp;<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>.

The new two and three-bedroom apartments, priced just under $1.2 million, are already under construction by Morris' inhouse building arm.

&nbsp;

[smartcode_project:default project_id=112024 project_image_fid=343235]

Crest sits in a prime pocket on Armrick Avenue,&nbsp;opposite Broadbeach Park and just steps from community landmarks like the Broadbeach Bowls Club.

Read more: <a href="/news/qld/morris-releases-second-tower-at-crest-broadbeach-after-tower-one-sales-success">Morris releases second tower at Crest Broadbeach after tower one sales success</a>

Lewis Land also released the next stage of <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters" target="">Harbour Shores</a>, their new Gold Coast development, in April.

The new release,&nbsp;Palm House, is a&nbsp;seven-level building with just 60 apartments.

[smartcode_project:default project_id=113271 project_image_fid=290031]

All apartments are designed with coastal tones and organic materials, while the broader precinct is targeting a 6-Star Green Star rating, with a strong focus on sustainability.

Palm House residents will have access to a&nbsp;25m lagoon pool, tennis courts, a yoga studio, waterfront boardwalks, and a social clubhouse.

Read more: <a href="/news/qld/lewis-land-unveils-palm-house-harbour-shores-latest-stage">Lewis Land unveils Palm House, Harbour Shores latest stage</a>

The biggest milestone to reach in the construction industry is construction commencement, a feat which builder-developer <a href="/developers/mcnab-developments" target="">McNab</a> celebrated in April at its Surfers Paradise apartment development, Elements.

[smartcode_project:default project_id=111522 project_image_fid=322242]

<a href="/new-apartments/elements-budds-beach-surfers-paradise-21-oak-avenue-surfers-paradise-qld-4217">Elements</a>&nbsp;will home 87 large-scale apartments across a 28-level tower in&nbsp;Budds Beach—the first project in the area in over a decade.

Over 65 per cent of apartments have already been snapped up.

Read more: <a href="/news/qld/mcnab-breaks-ground-on-elements-apartment-tower-at-budds-beach">McNab breaks ground on Elements apartment tower at Budds Beach</a>

In <a href="/developments/burleigh-heads-qld-4220" target="">Burleigh Heads</a>, construction also began on <a href="/new-apartments/one-burleigh">ONE Burleigh</a>, an ultra-luxury development by local builder-developer <a href="/developers/mayd-group">MAYD</a>.

Each of the 16 full-floor apartments will span up to 425 sqm, with floor-to-ceiling ocean views and prices starting from $8.85 million.

[smartcode_project:default project_id=146358 project_image_fid=323057]

Nearly half of the project is already sold, reflecting strong demand for exclusive beachfront residences.

Read more: <a href="/news/qld/mayd-kicks-off-construction-of-ultra-luxury-one-burleigh-apartment-development-in-burleigh-heads">MAYD kicks off construction of ultra-luxury One Burleigh apartment development</a>

&nbsp;

In addition to the surge in new releases for buyers, the future apartment pipeline on the Gold Coast continued to grow in April.

Melbourne-based developer&nbsp;<a href="/developers/hirsch-faigen" target="">Hirsch &amp; Faigen</a> filed plans for <a href="/new-apartments/marbella-broadbeach-7-9-surf-parade-broadbeach">Marbella</a> Broadbeach, a 31-level, $240 million apartment tower with 100 residences and extensive wellness offerings.

The project marks the H&amp;F's fourth Gold Coast venture, following the success of Hemingway at Palm Beach, Emerson at Kirra, and Yves at Mermaid Beach.

<img alt="Hirsch &amp; Faigen plots fourth Gold Coast apartment development, Marbella Broadbeach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-04-03%20at%2010.48.38%E2%80%AFAM.png?VersionId=P3i4PnaM74Rlh_GfzA2VZCzYZuz9CJWE" />

Read more: <a href="/news/qld/hirsch-faigen-plots-fourth-gold-coast-apartment-development-marbella-broadbeach">Hirsch &amp; Faigen plots fourth Gold Coast apartment development, Marbella Broadbeach</a>

One of the busiest individuals in the development industry on the Gold Coast is John Kearney, who heads up construction company Greyburn and developer <a href="/developers/immerse-projects" target="">Immerse Projects</a>.

In April, Immerse filed for a new 14-level building in the heart of Kirra. The proposed development at Haig Street includes 105 apartments, with a diverse mix of two and three-bedroom floorplans designed to attract both downsizers and part-time residents.

The podium level will house a full suite of amenities, including a lap pool, gym, spa, work-from-home spaces, and children’s play area, underscoring the project's intent to create a balanced, multi-generational living environment close to the beach.

<img alt="First look: Immerse Projects plan new apartments at Kirra Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-04-02%20at%202.50.02%E2%80%AFPM.png?VersionId=h24qeonK.jWKOf8x71sIboGUouypF3.w" />

Read more: <a href="/news/qld/first-look-immerse-projects-plan-new-apartments-at-kirra-beach">First look: Immerse Projects plan new apartments at Kirra Beach</a>

A rare new development is heading for <a href="/developments/miami-qld-4220" target="">Miami</a> where&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a>&nbsp;paid $70 million for the holiday resort Nalu.

They have since sought approval from the Gold Coast City Council for a new 46-apartment development, a collaboration between&nbsp;<a href="/architects/koichi-takada-architects">Koichi Takada Architects</a> and&nbsp;<a href="/architects/bda-architecture">BDA Architecture</a>.

The new project, which will retain the name Nalu, will feature a central resort-style wellness zone that includes a pool, hammam, steam room, yoga area, and hot and cold plunge pools.

<img alt="First look: Monaco Property Group reveals plans for new luxury Miami apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Nalu%20exterior.png?VersionId=T_P8zcJ0VHzILbTdzK27sIXzyBi2TeZ." />

The design embraces the lush landscape and surf lifestyle of Miami, with expansive balconies and a building form that opens toward the ocean and blends naturally into the mountain backdrop.

Read more: <a href="/news/qld/first-look-monaco-property-group-reveals-plans-for-new-luxury-miami-apartment-development">First look: Monaco Property Group reveals plans for new luxury Miami apartment development</a>

More immediate new offerings are on the horizon in Main Beach and Broadbeach.

<a href="/developers/arena-property-group">Arena Property</a> secured final approval for <a href="/new-apartments/belle-vie-main-beach-47-pacific-street-main-beach">Belle Vie</a>, a 28-level residential tower in <a href="/developments/main-beach-qld-4217">Main Beach</a>, in April. The project will include 72 apartments and multiple levels of lifestyle amenities, most notably a full-floor amenities level on Level 18 with a wine cellar, games room, library, and wellness hub featuring yoga and Pilates studios.

April also saw <a href="/developers/polycell-group">Polycell</a>&nbsp;approved for its redevelopment of the former Voyager Resort on Broadbeach's Old Burleigh Road.

The new 59-level tower will deliver 130 apartments, along with premium wellness facilities and a private resident-only Club Lounge on Levels 38 and 39.

The new tower builds on the success of Polycell’s first Gold Coast project, <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>, and affirms the developer’s growing footprint in the region.

Read more: <a href="/news/qld/first-look-polycell-approved-for-next-broadbeach-apartment-development">First look: Polycell approved for next Broadbeach apartment development</a>

In addition to the surge in new releases for buyers, the future apartment pipeline on the Gold Coast continued to grow in April.



City Beat April 2025: Off the plan activity jumps as Gold Coast units continue growth cycle

Macquarie Park is rapidly transforming into one of the fastest-growing suburbs in Greater Sydney.

With billions of dollar in investment and several new apartment buildings already under construction, the next stage in the Macquarie Park evolution will see four or five new towers built between the Macquarie Park and North Ryde Metro stations.

The State Significant Development Application proposes two options; either four or five towers, with around 1,760 one, two and three-bedroom dwellings, each with significant commercial and retail space.

The smallest tower proposed would be 30 levels, and increase in height to 58 levels.

<img alt="Macquarie Park" data-entity-type="file" data-entity-uuid="b5ac6e7b-69ff-45d8-9111-d3a0ddb7e37f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-12%20at%2010.17.54%E2%80%AFAM.png?VersionId=a9JAzt1UaIK7ftFom68oFtDifYWyEPDz" />The site between Macquarie Park and North Ryde Metro

Cox Architecture has put together the sketch plans for the 33,840 sqm site which borders both Wicks Road and Epping Road. The land is identified as an ‘Accelerated TOD Precinct’.

The six sites are currently owned by&nbsp;Charter Hall, Harvey Norman, Abacus, and a company associated with geotechnical engineering and environmental consulting services firm, JK Group.

Charter Hall filed the application.

<img alt="Five" data-entity-type="file" data-entity-uuid="0fa1aa6e-5756-4686-9f07-1664c71f26b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-12%20at%2010.34.14%E2%80%AFAM.png?VersionId=Rcr4SNpsThZhF6xi0kZsumoJwMq4NSGl" />The five tower proposal. Image credit: Cox Architecture

Urbis says the concept application seeks to establish building envelopes, high-level built form principles, and land use allocations to guide future detailed development applications for the site.

"Benefiting from its strategic location near Epping Road, Waterloo Road, and the Macquarie Park Metro Station, the project presents a major opportunity to address NSW’s housing crisis while contributing to Macquarie Park’s economic growth," the Scoping Report by Urbis noted.

They said a key feature of the proposal is a 9,700 sqm public park.

"This park will enhance pedestrian connectivity between the site, Lachlan’s Line, and the metro station while providing high-quality public amenities, including shaded play areas, seating, picnic tables, and BBQ facilities."

There will be a new road established between Wicks Road and Lachlan’s Line, improving local accessibility.

The site is currently occupied by several low to mid-rise buildings including a&nbsp;Domayne furniture showroom, a Storage King, the office of JK Geotechnics, and several warehouse/office buildings.

Several new apartment developments are underway in Macquarie Park.

TOGA is delivering <a href="/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>, 268 apartments across three towers next door to the shopping centre on Herring Road. They recently installed the <a href="/news/nsw/toga-installs-first-tower-crane-at-macquarie-rise-as-construction-gathers-pace">first tower crane</a> on site.

Around the corner on Talavera Road, Urban Property Group is working on <a href="/new-apartments/la-vera-94-talavera-road-macquarie-park">La Vera</a>, around 120 apartments in a building designed by Cox Architecture.

Cox Architecture has put together the sketch plans for the 33,840 sqm site which borders both Wicks Road and Epping Road

First look: Concept plans filed for Macquarie Park TOD

Summary:

<ul>
	<li aria-level="1">ANGLE’s Fernhurst in Kew continues collaboration with Edition Office and Eckersley Garden Architecture.</li>
	<li aria-level="1">Design integrates handcrafted Krause Bricks and landscaping to blend with Studley Park’s character.</li>
	<li aria-level="1">Interiors feature high-end craftsmanship, including Molteni&amp;C wardrobes and Gaggenau appliances.</li>
</ul>

<hr />
Don’t change what isn’t broken.

That was the mindset of the team at design-driven Melbourne developer ANGLE when they secured another site in Kew’s exclusive Studley Park precinct.

Having completed the award-winning Fenwick just 700 metres away—selling all nine residences well before completion—ANGLE partnered with the same trusted team, with the goal of creating something even better.

They brought Edition Office and Eckersley Garden Architecture to the site, confident the team already understood what ANGLE’s core customer base was looking for. The challenge then became how to take it even further than what they’ve delivered before.

[smartcode_project:default project_id=138904 project_image_fid=326894]

One of ANGLE’s key priorities is always to evoke a sense of generosity in their developments. For <a href="/new-apartments/fernhurst-kew-11-15-fernhurst-grove-kew-vic-3101">Fernhurst</a>, they reserved a significant portion of the 4,000 sqm-plus site for landscaping. Eckersley Garden Architecture collaborated with Edition Office to ensure the buildings didn’t compete with the natural environment but complemented it.

“With generous setbacks allowing for oversized gardens, we envision a lush, leafy green setting with soft edges, full planting, and a tranquil, explorative garden,” says Eckersley.

[smartcode_project:default project_id=138904 project_image_fid=342071]

Edition Office designed the buildings around this extensive landscaping, centring them on a grand, central void that floods each dwelling with natural light and enables cross-flow ventilation—immersing residents in the surrounding garden environment.

Fernhurst highlights ANGLE’s meticulous attention to detail—literally, brick by brick. For the brick façade, they partnered with Krause Bricks, a family-owned Australian company operating since 1945, known for fire-resistant, carbon-neutral bricks. Krause’s handmade bricks, celebrated for their depth of colour and rich texture, have featured in luxury homes from Toorak to Potts Point, including the 2024 AIA Queensland Residential Architecture Award-winner in Mermaid Beach.

True to form, ANGLE closes the loop by collaborating with best-in-class partners for interior fit-outs. Kitchens at Fernhurst will feature integrated Gaggenau appliances, while wardrobes are being custom-crafted by Italian brand Molteni&amp;C, globally recognised for its precision joinery and craftsmanship.

[smartcode_project:default project_id=138904 project_image_fid=326839]

Jellis Craig Projects Director, Stephen Bowtell, says ANGLE’s attention to every detail gives off the plan buyers a strong sense of confidence.

“The way ANGLE has designed Fernhurst, all the way down to the brick selection, shows the team is incredibly committed to the end result for their purchasers,” Bowtell says.

Over half of the 20 residences at Fernhurst have already been sold, even before construction has commenced. COBEN has been appointed as the builder, with work set to begin imminently.

[smartcode_project_cta:default project_id=138904]

Having completed the award-winning Fenwick just 700 metres away—selling all nine residences well before completion—ANGLE partnered with the same trusted team, with the goal of creating something even better

Brick by brick: How ANGLE is redefining confidence in the off the plan market

Brisbane's ever-consistent unit market continues to live up to its reputation.

Unit values grew by 0.5 per cent in April, according to the Home Value Index by Cotality (formerly CoreLogic), making it the best-performing capital city unit market behind only Perth (0.6 per cent).

The April gains follow 0.7 per cent growth in both February and March.

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

Increased demand from interstate migration and a lack of new supply have combined to drive up unit values in Brisbane in recent years. And with the 2032 Brisbane Olympics still seven years away, there’s still plenty of growth potential in the Queensland capital.

<h2>What happened in Brisbane’s off the plan apartment market in April?</h2>

The majority of activity in Brisbane's off the plan apartment market in April came from three of the state's most prominent developers.

<a href="/developers/sekisui-house-australia" target="">Sekisui House Australia</a> released the final building in West Village, their $1.2 billion, multi-award winning West End masterplan they have been developing since 2016.

[smartcode_project:default project_id=134800 project_image_fid=341714]

The final building, Callista on Park, will home 96 apartments across a 14-level building designed by Rothelowman.

The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.&nbsp;

[smartcode_project:default project_id=134800 project_image_fid=341715]

A standout feature is the rooftop retreat, complete with a pool, spa, BBQs, chef’s kitchen, and residents’ lounge, all set within lush landscaped gardens.

Read more: <a href="/news/qld/first-look-inside-west-villages-crowning-glory-callista-on-park">First look inside West Village’s crowning glory, Callista on Park</a>

<a href="/developers/gardner-vaughan-group" target="">Gardner Vaughan Group</a>, one of the biggest contributors to housing supply across South East Queensland, broke ground at its new Nundah development,&nbsp;<a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a>.

The mixed-use development will deliver 84 apartments above a vibrant retail and commercial ground floor. GVG, who has been based in Nundah for the past decade, will relocate their HQ to one of the commercial spaces in the development.

[smartcode_project:default project_id=112531 project_image_fid=320114]

The 12-level building will feature resort-style amenities like a pool, rooftop terrace, gym, and function room with sweeping city views.

GVG Commercial Director, Sam Gardner, said Danby Lane represents GVG's&nbsp;commitment to delivering places with purposes, designed for real people living real lives right here in&nbsp;<a href="/developments/nundah-qld-4012" target="">Nundah</a>.

"As a long-standing, family-owned builder and developer based in&nbsp;<a href="/developments/nundah-qld-4012" target="">Nundah</a>, we are committed to keeping our neighbours and surrounding residents informed of every step relating to the build of Danby Lane. Transparency and open communication are key to delivering a project that respects and enhances the community we’re proud to be part of.”

GVG expects to complete Danby Lane in 2027.

Read more: <a href="/news/qld/gardner-vaughan-kicks-off-construction-at-danby-lane-nundah">Gardner Vaughan kicks off construction at Danby Lane, Nundah</a>

April also saw&nbsp;<a href="/developers/shayher-group">Shayher Group</a>, the developer behind the multi-stage redevelopment of the Bulimba Barracks site, file news plans in&nbsp;<a href="/developments/indooroopilly-qld-4068" target="">Indooroopilly</a>.

They've sought to develop two low-rise buildings, Parkview and Riverview, at 34 Jacaranda Place, next door to their completed Long Pocket townhouse development.

<img alt="First look: Shayher Group reveals next Indooroopilly stage" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-04-28%20at%201.22.19%E2%80%AFPM.png?VersionId=2xSCYvErdfKFwWFe7gE1wF9IiXy2xIdq" />

The two buildings will home a combined 76 two and three-bedroom apartments. Each building will have rooftop amenities, with Riverview offering an infinity pool, and Parkview featuring a yoga lawn and lounge area.

The site has already received general support from Brisbane City Council, with only minor design refinements suggested to reduce building bulk.

Read more: <a href="/news/qld/first-look-shayher-group-reveals-next-indooroopilly-stage">Shayher Group reveals next Indooroopilly stage</a>

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

City Beat April 2025: Brisbane unit market continues growth cycle

It’s been 15 long years since the former Balmain Leagues Club was open to the public.

The large 7,330 sqm Victoria Road site has grown progressively more derelict since the doors to the former club shut back in 2010.

It’s been seven years since the first redevelopment was mooted, and following a recent change in ownership, the former club is now set to become the hub of Rozelle once again.

[smartcode_project:default project_id=8142 project_image_fid=347020]

Sydney developer PERIFA has taken the development reins, securing the site from former landowner Heworth.

PERIFA is part of the Versatile Group of companies, which counts construction firm Versatile Construction among its businesses. They’re set to bring something completely different to what has come before on the Balmain Peninsula.

<a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is being delivered in partnership with Mitsubishi Estate Asia and will become the go-to destination in the area for both residents and locals. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket — a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

[smartcode_project:default project_id=8142 project_image_fid=347021]

Fabrizio Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, says the project marks a pivotal moment for Rozelle and the Balmain Peninsula.

“Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike," Perilli says.

"It will be a major meeting place for the community, that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

[smartcode_project_cta:default project_id=8142]

Rozelle Village is being delivered in partnership with Mitsubishi Estate Asia and will become the go-to destination in the area for both its residents and locals

PERIFA to create new inner west hub as buyers get first chance to buy at Rozelle Village

The tide has well and truly turned in the Melbourne property market—and this time, it’s all about units.

While every other capital city in Australia experienced strong property price growth over the last 18 months or so, Melbourne lagged behind.

While the declines were modest—house values fell by -2.1 per cent in 2024 and unit values dropped by -3.2 per cent — the city’s flat performance puzzled many of those in the industry.

But the momentum is shifting.

<img alt="Melbourne" data-entity-type="file" data-entity-uuid="492a189c-a93c-4d9d-aa18-666eb2776200" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-07%20at%2011.14.41%E2%80%AFAM.png?VersionId=9zbkdgkGJAL1S2.5MFvDVHWHhjpTbtev" />

A cash rate cut in February has helped restore confidence, and Melbourne’s relative affordability has become a key attraction. Having slipped to sixth place in capital city affordability rankings—now trailing Brisbane, Perth, and Adelaide—buyers and investors alike are beginning to view Melbourne as excellent value.

According to the Home Value Index by Cotality (formerly CoreLogic), unit values rose 0.4 per cenr in April, building on gains of 0.4 per cent in March and 0.2 per cent in February. Units are currently outperforming houses, which recorded a more modest 0.1 per cent increase in April.

Melbourne’s median unit value now sits at $610,000.

With further interest rate cuts on the horizon, many analysts believe Melbourne’s property market is poised for steady growth in the medium to long term as it begins to catch up with other capital cities.

<h2>What happened in Melbourne’s off the plan apartment market in April?</h2>

The renewed interest in Melbourne's unit market has spurred on developers in the off the plan apartment space.

Design-focused developer <a href="/developers/milieu-property">Milieu</a> appointed <a href="/builders/brady-constructions" target="">Brady Constructions</a> to deliver the first stage of its <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> neighbourhood — a rare garden-integrated apartment community on the former ABC Studios site on Gordon Street.

[smartcode_project:default project_id=136535 project_image_fid=288419]

Brady will begin excavation on the large 11,740 sqm site, which neighbours the heritage-listed Rippon Lea Estate and its historic gardens, in the coming months.

Milieu has worked closely with <a href="/architects/woods-bagot">Woods Bagot</a>, <a href="/interior-designers/kpdo-architecture-interior-design">K.P.D.O.</a>, and <a href="/landscape-architect/oculus">Oculus</a> to design buildings that integrate directly with the neighbouring gardens. Residents will have private access to the heritage grounds, which will also be maintained by Rippon Lea’s gardeners.

[smartcode_project:default project_id=136535 project_image_fid=288414]

The fossil fuel-free apartments will feature renewable energy sources, EV charging, and water harvesting, as well as on-site wellness and hospitality offerings.

Milieu's Managing Director, Michael McCormack, called it a “once-in-a-lifetime project… immersed in nature with a truly unique community.”

Read more: <a href="/news/vic/milieu-appoints-builder-for-elsternwick-gardens-neighbourhood">Milieu appoints builder for Elsternwick Gardens neighbourhood</a>

April saw the rare launch of a new apartment development—something that has been few and far between in Melbourne over the past 12 months. Even more notable, the project is located in the heart of Balwyn Village.

[smartcode_project:default project_id=136850 project_image_fid=343580]

Supermarket giant Coles has teamed up with&nbsp;developer Dimas Property Group for&nbsp;<a href="/new-apartments/white-weston-balwyn-village-259-281-whitehorse-road-balwyn-vic-3103">White &amp; Weston</a>—a boutique apartment project above a full-line Coles supermarket on Whitehorse Road.

Designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a> with landscaping by&nbsp;<a href="/landscape-architect/jack-merlo">Jack Merlo</a>,&nbsp;White &amp; Weston comprises just 45 two, three and four-bedroom residences in a three-level building.&nbsp; Residents will enjoy views over Balwyn Park and energy-efficient designs aligned with Sustainability Victoria’s Whole of Home Initiative.

[smartcode_project:default project_id=136850 project_image_fid=343582]

With rooftop gardens, Miele appliances, Signorino stone finishes, and private outdoor spaces, the project targets empty nesters, professional singles, and young couples seeking convenience, luxury, and green living.

Read more: <a href="/news/vic/coles-and-dimas-property-group-launch-white-weston-in-balwyn-village">Coles and Dimas Property Group launch White &amp; Weston in Balwyn Village</a>

[smartcode_project:default project_id=136850 project_image_fid=343594]

<a href="/developers/sunkin-property-group">Sunkin</a> took another major step in its ambitious <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> masterplan in April, topping out one of the latest buildings in the new 9.3-hectare community next to Highett Station.

They will be welcoming residents in around six months time to the North Lane building. At the same time the first building is completed, so will the brand new one-hectare park.

[smartcode_project:default project_id=108019 project_image_fid=300041]

The Townhomes Collection and Mews Collection are also progressing, with basement works for the latter already underway.&nbsp;Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by Coco Republic, offering added value for early buyers.

Read more: <a href="/news/vic/sunkin-tops-out-next-highett-common-building-as-move-in-date-approaches">Sunkin tops out next Highett Common building as move-in date approaches</a>

[smartcode_project:default project_id=108019 project_image_fid=300049]

April marked the completion of one of most unique new developments to ever be delivered in Australia.

In a national first, <a href="/developers/c-street-projects">C. Street Projects</a> completed Australia’s first certified Passivhaus homes in <a href="Hawthorn">Hawthorn</a>—a trio of three-bedroom townhomes designed to be continuously ventilated with fresh, filtered air, significantly reducing allergens and pollutants in the home.

The turnkey homes maintain a year-round temperature of 23 degrees while using 70 per cent less energy than typical Victorian homes. With triple-glazed windows, straw panel insulation, EV chargers, solar, and battery storage, the homes operate at net zero energy and represent the new benchmark for sustainable living.

[smartcode_project:default project_id=112386 project_image_fid=338630]

Kin Seng Choo and Michael Robertson, the duo behind C. Street Projects, have spent the last five years developing a method and design approach to scaling certified Passivhaus projects suited to the unique challenges of Australian conditions.

“Australians should have access to sustainable homes built to global best practice," Choo says.

"Turnkey homes certified to the Passivhaus standard provide that independent verification and surety of quality."

<a href="/project-marketer/jellis-craig-projects">Jellis Craig</a>&nbsp;Projects Director, Stephen Bowtell, is marketing ECHO Hawthorn.

Read more: <a href="/news/vic/first-certified-passivhaus-homes-in-australia-complete-in-hawthorn">First certified Passivhaus homes in Australia complete in Hawthorn</a>

According to the Home Value Index by Cotality (formerly CoreLogic), unit values rose 0.4 per cenr in April, building on gains of 0.4 per cent in March and 0.2 per cent in February

City Beat April 2025: It's official, Melbourne is back

Sydney’s residential property market continues to tell a story of two very different sectors.

As the market rebounds, house values are pulling further ahead of unit prices—April was no exception.

According to the Home Value Index from Cotality (formerly CoreLogic), house values rose by 0.4 per cent in April, while unit values declined by -0.4 per cent. Over the rolling quarter, houses are up 1.4 per cent, but units have fallen by -0.4 per cent.

Sydney’s median house value now sits at $1,474,000, compared to $854,000 for units—a $620,000 difference.

This widening gap underscores the ongoing affordability advantage of units for buyers priced out of the housing market, particularly in a city where overall property values remain among the highest in the country.

<h2>What happened in Sydney’s off-the-plan apartment market in April?</h2>

The increasing cost of housing in Sydney is giving developers every opportunity to bring projects to market and secure prices that will allow them to move to the construction phase of the project.

Developers are certainly having to look for new ways to bring something more to their projects above the ordinary, ensuring they're delivering a considerably better place to live than buying into an established building.

No doubt renowned builder-developer DASCO has done so at its recently launched&nbsp;<a href="/new-apartments/danks-st-district-waterloo-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a> in <a href="/developments/waterloo-nsw-2017">Waterloo</a>. They have a fairly unrepeatable 1.7-hectare block in the middle of the inner-city suburb where they are to create a large mixed-use development with 373 new apartments above a retail and dining precincts.

[smartcode_project:default project_id=111820 project_image_fid=344699]

The first stage that buyers have jumped at is Bourke Street Residences, a sculptural building designed by&nbsp;<a href="/architects/mhn-design-union">MHNDU</a> and <a href="/architects/fieldwork">Fieldwork</a>.

The building will feature rooftop gardens, BBQ areas, an outdoor gym, and a soundproof music room.

[smartcode_project:default project_id=111820 project_image_fid=346377]

DASCO has also taken out the sought-after Latent Defects Insurance from Resilience Insurance.&nbsp;The insurance, which can only be taken out by the developer and not the property owner, protects homeowners from major structural or waterproofing faults for 10 years post-completion.

Read more: <a href="/news/nsw/dasco-launches-game-changing-new-waterloo-precinct-danks-st-district">DASCO launches game-changing new Waterloo precinct, Danks St District</a>

[smartcode_project:default project_id=111820 project_image_fid=344704]

Another builder-developer who has created something unrepeatable is <a href="/developers/toga-group">TOGA</a>, who is selling the final homes at its transformative inner-city development, <a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>.

Surry Hills Village, or SHV, on the border of Surry Hills and Redfern, just off Crown and Cleveland Streets, has received much fanfare since it completed late last year, namely due to its hospitality precinct, Wunderlich Lane, one of the hottest spots in Sydney.

[smartcode_project:default project_id=9302 project_image_fid=342091]

The final homes for sale in the sought-after development are the Marriott Street Terraces. There are only three, individually-designed terraces left which have three bedrooms, sculptural kitchens with Sub-Zero and Wolf appliances and a wine bar, outdoor spaces primed for entertaining, and a car space, a rarity for terraces in the inner-city.

Read more: <a href="/news/nsw/first-look-last-chance-at-surry-hills-village-as-toga-launches-luxury-terrace-collection">Last chance at Surry Hills Village as TOGA launches luxury terrace collection</a>

[smartcode_project:default project_id=9302 project_image_fid=342101]

Masterplanned developer <a href="/developers/sekisui-house-australia" target="">Sekisui House Australia</a>, who is creating communities in previously underutilised areas across Greater Sydney, released the Skyhome Collection at Willow, the latest stage of their $2 billion Sanctuary masterplan at&nbsp;<a href="/developments/wentworth-point-nsw-2127" target="">Wentworth Point</a>.

Designed by <a href="/architects/turner-studio">TURNER</a>, the homes feature floor-to-ceiling glass, expansive balconies, and curved bronze-toned screens that reflect the form of the Parramatta River. Prices range from $810,000 to $4.5 million, with each apartment designed for light, space, and uninterrupted views of the river, CBD, and Blue Mountains.

[smartcode_project:default project_id=6969 project_image_fid=228751]

Sanctuary is evolving into one of Sydney’s most connected waterfront precincts, with buyers drawn by access to ferry services, parklands, and future light rail.

Read more: <a href="/news/nsw/sekisui-house-australia-launches-willow-skyhome-collection-in-2-billion-sanctuary-masterplan-in-wentworth-point">Sekisui House launches Willow Skyhome Collection in billion Sanctuary masterplan</a>

North of the Bridge, April saw&nbsp;<a href="/developers/coronation-property" target="">Coronation Property</a>&nbsp;break ground on its $250 million <a href="/developments/chatswood-nsw-2067" target="">Chatswood</a> project, a 32-level mixed-use development on Archer Street.

[smartcode_project:default project_id=29796 project_image_fid=267349]

The project, designed by <a href="/architects/woods-bagot">Woods Bagot</a>, will deliver over 150 apartments, along with 2,500 sqm of retail and commercial space, wellness amenities, and a restored heritage building.

Recognised as a State Significant Development, the project will generate up to 400 jobs and be a key contributor to Chatswood’s transformation into a vibrant residential and retail hub.

Read more: <a href="/news/nsw/coronation-property-group-breaks-ground-at-new-chatswood-apartment-development">Coronation Property Group breaks ground at new Chatswood apartment development</a>

In April, another builder-developer, <a href="/developers/scion">Scion</a>, started welcoming buyers to Sterling, their 50-apartment development in <a href="/developments/lane-cove-north-nsw-2066">Lane Cove North</a>.

Originally started by a different developer, Scion stepped in mid-build, assured by the project’s Latent Defects Insurance and robust independent inspections.

[smartcode_project:default project_id=136108 project_image_fid=303415]

Sterling includes one, two, and three-bedroom residences, designed to reflect Lane Cove’s natural surrounds.

Read more: <a href="/news/nsw/buyers-to-move-into-lane-cove-norths-first-ldi-protected-apartment-development-as-scion-wraps-up-sterling-construction">Buyers to move into Lane Cove North's first LDI-protected apartment development</a>

City Beat April 2025: Sydney developers going above and beyond as house values continue upward trajectory

Gold Coast developer <a href="/developers/alroe-constructions">Alroe</a> is approaching a full sellout at The Finn, its premium boutique development in Mermaid Beach.

Six of the eight apartments in the Albatross Avenue development have sold, predominantly to local downsizers. The final two villas are now for sale.

The remaining villas – priced from $3 million – include a ground-floor residence, Villa 1, which will be marketed through a standard expressions of interest campaign, and an upper-level residence, Villa 6, which will be open for inspection from April 19 ahead of a scheduled auction event on May 8.

[smartcode_project:default project_id=113112 project_image_fid=347272]

There have been more than $23.5 million worth of sales in The Finn, something&nbsp;Tye Alroe, CEO of Alroe, says reflects a broader market shift as long-time homeowners in central Gold Coast suburbs look to capitalise on capital growth and secure luxury homes with less maintenance, without compromising on lifestyle.

“We’re seeing a continued push from established locals who are selling large family homes and opting for a premium residence in familiar, well-connected locations,” Alroe said.

“The Finn meets that need – it’s low-density, design-led, and offers the level of sophistication buyers expect when downsizing from multimillion-dollar homes.”

Sales have averaged close to $4 million, underlining sustained demand in the top end of the market.

“This is a segment that’s growing rapidly – equity-rich locals, including downsizers and professionals, want space, style and proximity to lifestyle amenities without moving into high-rise buildings," Alroe added.

“Our strategy has always been to deliver premium boutique residences in blue-chip locations that offer lasting value, and The Finn is a direct result of that focus.”

[smartcode_project:default project_id=113112 project_image_fid=347271]

Positioned just metres from Hedges Avenue and within walking distance of the beach, The Finn features eight architecturally designed villas ranging in size from 214 sqm to 390 sqm.

Each residence includes expansive three-bedroom layouts, private pools or rooftop terraces, and curated landscaping to enhance privacy and liveability. The design draws on coastal-inspired materials and finishes, including Venetian render, 
travertine stone, large-format floor plans, and three-metre ceilings.

Each residence also includes dedicated home offices, private garages, and multiple living zones tailored for owner-occupiers.

With new luxury townhouse supply in central locations remaining limited, The Finn has resonated with a niche yet deep buyer pool – primarily local, equity-rich, and intent on staying close to family and familiar lifestyle precincts.

The project follows the success of <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Alroe’s Lune at Main Beach</a> and continues the developer’s strategy of delivering boutique residential offerings in high-demand coastal suburbs.

Alroe completes The Finn at Mermaid Beach with just two apartments remaining

The Gold Coast’s beachfront is on track to become the most connected coastal strip in the country.

The existing light rail system, known locally as the G:LINK, currently runs from Helensvale in the north down to Broadbeach South.

Stage three of the G:LINK will soon extend the line further south to Burleigh Heads, while stage four is set to continue the route all the way to Coolangatta and the Gold Coast Airport—a level of beachfront connectivity that even Sydney’s Eastern Suburbs can’t match.

As a result, suburbs like Burleigh Heads, Palm Beach, and Bilinga are expected to become even more desirable than they already are, with improved public transport further boosting their appeal to both buyers and investors.

In this article, we’ve rounded up some of the most exciting new developments across the southern Gold Coast that will directly benefit from the upcoming G:LINK extensions.

<h2>What: ONE Burleigh Heads</h2>

<h3>Where: 88 The Esplanade, Burleigh Heads QLD 4220</h3>

<h3>Who: MAYD Group</h3>

MAYD Group's ultra-luxury ONE Burleigh development will be the closest to a new light rail stop when it is delivered.

Construction recently commenced on ONE Burleigh, which will be a stone's throw from the Second Avenue stop. It will comprise 16 full-floor apartments when it is completed in summer 2026.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The development will also feature a spa, hot and cold plunge pools, sauna, steam room, and a grand lobby lounge.

Construction <a href="/news/qld/mayd-kicks-off-construction-of-ultra-luxury-one-burleigh-apartment-development-in-burleigh-heads?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=PROOF_CAMPAIGN_NAME&amp;csl=8d714fbbbefa50853681a54fae4f9af940f2dddf&amp;iterableEndUserId=8d714fbbbefa50853681a54fae4f9af940f2dddf&amp;iterableEmailCampaignId=-12345">is being undertaken</a> by MAYD in partnership with Formplus.

<h2>What: Burly Residences</h2>

<h3>Where: 264-268 The Esplanade, Burleigh Heads QLD 4220</h3>

<h3>Who: DD Living​</h3>

One kilometre north of ONE Burleigh is DD Living's <a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a>, which will be just 300m from the Christine Avenue stop, the stop before Second Avenue.

[smartcode_project:default project_id=134791 project_image_fid=328216]

The 25-level beachfront development offers just over 100 luxury apartments and two full levels of facilities including several swimming pools, a gym with Peloton room, steam room, sauna, yoga and Pilates lounge, a private cinema, barbecue area, casual and formal dining, kitchen, teppanyaki bar, private office, executive lounge and a bar.

Legendary Japanese architect&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>&nbsp;designed Burly Residences, and the interiors were handled by the equally regarded interior practice, MIM Design, led by design doyenne Miriam Fanning.

[smartcode_project:default project_id=134791 project_image_fid=328218]

Construction firm Gowdie Management Group has started the build phase of the $535 million apartment development on a prime beachfront site at The Esplanade.

<h2>What: Villea Palm Beach</h2>

<h3>Where: 26 Mawarra Street, Palm Beach QLD 4221​</h3>

<h3>Who: Abadeen Group​</h3>

<a href="/developers/abadeen-group">Abadeen</a>'s debut Gold Coast apartment development, Villea, due for completion later this year, will be 650 metres from the proposed Nineteenth Avenue light rail stop at the northern end of Palm Beach.

[smartcode_project:default project_id=106840 project_image_fid=336452]

Villea offers 69 two and three-bedroom north-facing apartments with views over Palm Beach and back to the hinterland.

<a href="/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea</a> features resort-style amenities, including a pool, gym, and outdoor BBQ area, all within a short stroll to Palm Beach's pristine shoreline.

[smartcode_project:default project_id=106840 project_image_fid=336442]

The ground-floor precinct features a carefully curated selection of boutique retail spaces, great for grabbing a coffee or picking up local products.

Read more:&nbsp;<a href="/news/qld/abadeen-finds-untapped-palm-beach-pocket-for-debut-gold-coast-apartment-development-villea">Abadeen finds untapped Palm Beach pocket for debut Gold Coast apartment development, Villea</a>

<h2>What: Pescado</h2>

<h3>Where: 228–230 Jefferson Lane, Palm Beach QLD 4221</h3>

<h3>Who: YLB Property Developments​</h3>

<a href="/new-apartments/pescado-palm-beach-228-230-jefferson-lane-palm-beach-qld-4221">Pescado</a>, one of the most popular developments on the Gold Coast right now because of its DJ developer DJ Fisher, will be 500m from the proposed Elevent Avenue light rail stop when the extension completes.

[smartcode_project:default project_id=149651 project_image_fid=342045]

The $50 million development, on the dress circle Jefferson Lane, is being developed by the Fishers' new development company, <a href="/developers/ylb-property-developments">YLB Property Developments</a>, and will home just seven ultra-luxury apartments designed by the Fishers and <a href="/architects/bda-architecture">BDA Architecture</a>.

The Fishers, who intend to retain the two-level penthouse, have already appointed Gold Coast construction company <a href="/builders/hnkn">HNKN</a> to build Pescado.

[smartcode_project:default project_id=149651 project_image_fid=342040]

Designed with an emphasis on wellness, functionality, and meaningful social spaces, Pescado features a resort-style pool, gym, cold plunge, BBQ, and dining areas, encouraging a balanced lifestyle.

Read more:&nbsp;<a href="/news/qld/dj-fisher-launches-pescado-luxury-palm-beach-apartment-development">DJ Fisher launches Pescado, luxury Palm Beach apartment development</a>

<h2>What: Pipis Bilinga</h2>

<h3>Where: 303 Golden Four Drive, Bilinga QLD 4225</h3>

<h3>Who: Siera Property Group​</h3>

<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> is the only off the plan apartment development currently in market in <a href="/developments/bilinga-qld-4225">Bilinga</a>.

[smartcode_project:default project_id=138311 project_image_fid=264299]

The soon-to-be-completed building with 19 luxury apartments will be 500 metres&nbsp;from the proposed Boyd Street light rail stop.

Residents of PIPIS will have access to a range of private ground-floor amenities, including a 15-metre heated lap pool with a sun lounge deck, a fully equipped gym with rowing, biking, and reformer Pilates facilities, a dog wash station, an outdoor rain-head shower, and direct beachfront access.

[smartcode_project:default project_id=138311 project_image_fid=341453]

Developer <a href="/developers/siera">SIERA</a> has been working toward the completion of the luxury 11-level Golden Four Drive development. They are anticipating welcoming residents in mid-2025.

They recently released the penthouses atop Pipis, some of the best ever produced in Bilinga.

Read more:&nbsp;<a href="/news/qld/pipis-penthouses-turn-heads-in-bilinga">PIPIS penthouses turn heads in Bilinga</a>

With the G:LINK light rail set to extend all the way to the Gold Coast Airport, suburbs like Burleigh Heads, Palm Beach, and Bilinga are becoming some of the most connected—and desirable—beachfront locations in the country

The Southern Gold Coast is about to boom — here's why

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;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

[smartcode_project:default project_id=150037 project_image_fid=5333]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

[smartcode_project:default project_id=150037 project_image_fid=5338]

Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

[smartcode_project_cta:default project_id=150037]

Bilinga House apartments snapped up as Greyburn commences construction

Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
	<li>Rental yield: 6.16% - 6.47%</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of up to 6.47 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
	<li>Rental yield:&nbsp;5.37% - 5.62%</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

How first home buyers can enter the Sydney property market for under $500k

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

[smartcode_project:default project_id=135149 project_image_fid=368157]

“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Joel Robinson

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