Sydney-based real estate investment firm, <a href="/developers/wentworth-capital">Wentworth Capital</a>, is spearheading a rare and historic new chapter in the story of Sydney’s iconic The Rocks district, with the first stage sales launch of Long’s Lane Heritage Terraces (Long’s Lane).

Long’s Lane consists of 17 residences and one commercial property ranging in age from as early as the 1800s, with the buildings offering the only privately-held Torrens title houses in The Rocks. Of the 18 properties, 14 are listed on the State Heritage Register.&nbsp;

The precinct is also home to one of the earliest laneways in Sydney and some of the first European architecture in Australia, including Jobbins Terrace - the earliest example of the country’s first Australian-born practicing architect in NSW, Oswald Hoddle Lewis. The collection of buildings range from the early Victorian and Edwardian architectural periods.

&nbsp;

<img alt="Long Lane" data-entity-type="file" data-entity-uuid="841fd5a3-4968-4b6d-9e83-fec2104528c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-04%20at%209.37.41%E2%80%AFAM.png?VersionId=EFEPDtMqdD8PvRKefkbWnK6pjpqinPOx" /> 
First recorded on town plans in 1807, Long’s Lane is one of the earliest laneways in Sydney.

Wentworth Capital has embarked on a sympathetic staged renovation program to update the buildings for modern family living, in keeping with the protection and preservation of their distinctive heritage. The project will return Long’s Lane to its original intended use as a thriving residential community.

The sales launch marks a turning point in the site’s tumultuous modern history, which included plans to demolish the buildings in favour of high-rise commercial structures during the 1960s, which the government rejected following community backlash. The 1980s saw another scheme for a 800-bed hotel, which despite not proceeding, resulted in the 18 properties being merged under one title. Following the plan’s rejection, Long’s Lane became underutilised and fell into disrepair.

Wentworth Capital’s Executive Director, Paul Apostoles, expressed his excitement about this significant milestone for the precinct.

“This is a rare opportunity to own a piece of Australia’s history," Apostoles said.

"We’re thrilled to bring these historic homes to market, championing the next chapter of Long’s Lane’s unique history by enabling a new generation to experience the incredible lifestyle and cultural legacy of The Rocks.

&nbsp;

“The heritage features of each home are being meticulously preserved, recognising their importance as some of the earliest and most well-preserved examples of European architecture from Sydney’s settlement period,” added Paul.

&nbsp;

<img alt="Longs Lane" data-entity-type="file" data-entity-uuid="19054b9e-0606-4250-944e-752d3f06a297" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/longs%20lane.jpg?VersionId=IF.6fGDrpPDzDERfvVeW2cW9H1Tj4XbZ" />

<a href="/project-marketer/mcgrath-projects">McGrath</a> Millers Point’s Richard Shalhoub said Long’s Lane’s unparalleled location and proximity is the best Sydney has to offer.

“Long’s Lane encapsulates the very essence of life in The Rocks, where cobblestoned laneways, heritage architecture, and vibrant community life converge," Shalhoub said.

"Residents will enjoy the convenience of living steps away from Sydney’s iconic Harbour, Circular Quay, and the buzzing arts and cultural hub of Barangaroo.&nbsp; From bustling weekend markets to world-class restaurants and hidden laneway bars, The Rocks offers a lifestyle quite unlike anywhere else."

Shalhoub says the houses will suit city workers given they are on the doorstep&nbsp;of Australia’s largest economic hub.

<a href="/project-marketer/colliers">Colliers</a>’ Associate Director - Residential, Oliver Stillman, said Long’s Lane’s greatest attraction is that you know the building’s stories remain etched in every brick and beam.

"It’s not often you have the opportunity to buy one of Australia’s first butchers shops, constructed in 1881, a former Chinese boarding house from 1868, or one of Sydney’s earliest lolly shops, for instance.&nbsp;

“Long’s Lane stands as a testament to Sydney’s enduring spirit, blending its past and present. From whalers and dockworkers in its early days, to modern families more recently drawn to its heritage allure, the precinct continues to tell the story of Sydney’s evolution."

&nbsp;

Colliers’ Oliver Stillman said Long’s Lane’s greatest attraction is that you know the building’s stories remain etched in every brick and beam



Joel Robinson

Long’s Lane presents opportunity to own rare slice of Sydney history as heritage-listed terraces launch

Sam Arnaout's Iris Capital has been given the green light to complete the final phase of its landmark Newcastle city centre development, East End.

Iris Capital's involvement in Newcastle started way back in 2016 when it acquired the Hunter Street Mall, a prime 1.66-hectare street site in the heart of the city.

Now Iris Capital, the owner of a multi-billion dollar hospitality portfolio across the country and the developer of two landmark projects in the Gold Coast including the $800 million Victoria &amp; Albert in Broadbeach, is soon to complete its ambitious precinct that has truly changed the face of Newcastle.

[smartcode_project:default project_id=107744 project_image_fid=211154]

The $1 billion East End masterplan is already well established, with several apartment buildings and retail and commercial spaces delivered in the first two stages, perfectly positioned just minutes from the Crown Street Light Rail Station and 200m from Newcastle Beach.

The final stages will include more boutique retail outlets, dining experiences, green public spaces, and modern one, two, three and four-bedroom apartments designed by SJB Architects.

[smartcode_project:default project_id=107744 project_image_fid=216984]

“We are thrilled to have received approval to move forward with the next stage of <a href="/new-apartments/east-end-newcastle-143-hunter-street-newcastle">East End Newcastle</a>,” said Sam Arnaout, CEO of Iris Capital.

“This development is a testament to our commitment to creating a connected, lively, and sustainable community in Newcastle’s city centre. Our vision is to blend heritage and contemporary design to provide a unique space where people can live, work, and enjoy everything this great city has to offer.”

[smartcode_project:default project_id=107744 project_image_fid=216988]

Construction has already commenced on the final stages of East End. The development has already garnered several awards, from the 2022 NSW Mixed Use Development of the Year awarded by the Urban Development Institute of Australia to the Urban Taskforce Australia's 2022 Adaptive Reuse Development Excellence Award.

The apartments are expected to be in high demand from professionals, families, and retirees.

[smartcode_project_cta:default project_id=107744]

Iris Capital to push on with final stage of game-changing Newcastle precinct, East End

The recently released building approval data from the&nbsp;Australian Bureau of Statistics shows new home building in New South Wales to be at its lowest level in 12 years.

You'd have to go back to 2012 when New South Wales saw lower approvals that 2024. Just 42,800 homes were approved in 2024, five per cent below 2023, and 42 per cent lower than the calendar&nbsp;year peak of over 73,000 approvals in 2016.

[smartcode_project:default project_id=136076 project_image_fid=212615] 
 
“Building approvals remain our best indicator of future supply. With the disappointment of 2024 still top of mind, it is time that Government looks to 2025 and beyond to get NSW back on track to achieve our state's share of the National Housing Accord targets,” said Stuart Ayres, CEO, UDIA NSW. 
 
The differences between the highs of 2016 and lows of 2024 can be seen across all housing typologies, but are&nbsp;most pronounced in the apartment market where new approvals sit more than 22,000 lower than&nbsp;in 2016.

<img alt="Aryes" data-entity-type="file" data-entity-uuid="2fc7f389-7d32-4d28-8911-84c2b8384791" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-03%20at%203.27.37%E2%80%AFPM.png?VersionId=e9mk1OT80dgpK2dr4xc7YBSElhci9OrS" /> 
 
“The sharp declines in apartment approvals reinforce&nbsp;UDIA’s ongoing messaging that the combination of weak feasibility and slow planning reform&nbsp;has led to a failure to implement the immediate step change that was desperately needed in infill development to achieve the Accord target of 75,000 new homes a year,” Ayres said.

[smartcode_project:default project_id=136108 project_image_fid=303417] 
 
The detached housing market has also fared poorly, with approvals falling below 22,000 in the 12 months to December 2024, for the first time since January 2014.

The development industry continues&nbsp;to wait for details on the Low and Mid-Rise Reform, and first tranche of EOIs from the Housing Delivery Authority. UDIA says the Government also needs to remain focused on supporting the more feasible greenfield market.

[smartcode_project:default project_id=148093 project_image_fid=319996]

“Without a pivot back to feasible greenfield development with a diversity of housing typologies, NSW will keep falling further behind its housing targets,” Ayres added. 
 
“These poor building approvals reinforce the desperate need for reform of the Planning Act and urgency in implementing the Low and Mid-Rise reforms."

The differences between the highs of 2016 and lows of 2024 can be seen across all housing typologies, but are most pronounced in the apartment market where new approvals sit more than 22,000 lower than in 2016.

Apartment supply suffers as NSW building approvals hit 12-year low

Developers could face financial penalties for failing to deliver homes and unfairly profiting off buyers under reforms being considered by the NSW Government.

Feedback is being sought on stronger protections for consumers in off the plan contracts for homes and land in NSW, to guide the delivery of new housing and prevent lengthy delays that leave people out of pocket.

An off the plan contract is an agreement for the sale and purchase of a property that is yet to be developed or constructed. These contracts can apply to the sale of a proposed lot in a strata or community land scheme or to the sale of land in a conventional subdivision.

The reforms are being designed to help increase housing supply by providing greater certainty and clearer deadlines for home buyers and to free up land for development faster by removing outdated restrictions on development sites.

The reforms are intended to help more people achieve the Australian dream of home ownership and build greater confidence in the housing market by improving protections for buyers and preventing developers from delaying homes they have been contracted to deliver.

About five per cent of 180,000 residential purchases in NSW last financial year were off the plan contracts which allow a buyer to commit to purchasing a property before the complex is built or land is subdivided.

Potential reforms being released for comment aim to tighten contract rules to give buyers a clearer understanding of when they can expect to move into their new home, reducing uncertainty and the risk of being left behind in the market when a contract is cancelled.

This could include scrapping the ability for developers to draw the contract out with indefinite sunset clauses which give buyers no clear path forward, or ability to exit the arrangement.

Other proposed changes the NSW Government is considering include:

<ul>
	<li>Making sunset clauses mandatory in contracts so that buyers can withdraw if sunset events do not occur by a set time</li>
	<li>Requiring developers to disclose the status of the development against construction milestones so buyers have a better understanding of timeframes and potential risks</li>
	<li>Limiting a developer’s ability to extend sunset dates only for certain reasons beyond the developer’s control such as weather or supply issues, and imposing time limits on extensions</li>
	<li>Requiring developers to take reasonable steps to meet dates by potentially introducing penalties for inaction.</li>
	<li>The Government is also looking at unlocking potential development sites by making it easier to remove private, outdated agreements from land titles (known as obsolete restrictive covenants) which can limit how land is used or developed.</li>
</ul>

Covenants can continue to bind future landowners indefinitely, even if they become outdated – for example, an obsolete covenant may prevent more than one property from being built on the land or ban the use of certain building materials.

To support the reforms, the Office of the Registrar General has released a discussion paper called ‘Contracts and Covenants: Reforms to support development of land’ outlining the options.

The community is invited to respond to survey questions or upload a submission on the reform proposals and share their experiences on the NSW Government’s Have Your Say platform.

The consultation will lay the groundwork for legislation to be developed in 2025.

The Contracts and Covenants consultation is open until 7 March 2025.

Minister for Customer Service and Digital Government Jihad Dib said these proposals are designed to provide greater certainty and consistency.

"This review is about making sure home buyers have the right protections and information they need to make informed decisions.

“Off the plan contracts play a crucial role in supporting essential housing supply initiatives in NSW. They allow buyers to purchase property early in the development process, while giving developers the confidence and financial security to build.”

“We know that most developers do the right thing, but we don’t want situations where businesses try to run down the clock on a contract to sell to a higher bidder or mislead consumers by unfairly changing the goalposts for when they can move into their dream home.

“These reforms are designed to provide greater transparency as well as encourage the delivery of new homes. These proposals are about encouraging developers to be upfront about timelines and challenges to assist homeowners.”&nbsp;

“We encourage people to have their say on these proposals which aim to boost consumer confidence in the off the plan contract process and help NSW achieve our housing targets.”

Off the plan contract laws under review to provide greater certainty to buyers

Joint venture partners Lendlease and Mitsubishi Estate are progressing with its recently acquired landmark site on the border of Darling Point and Edgecliff.

They've provided a sneak peak as to what they have planned for the 1,748 sqm site at 1 Darling Point Road, following the purchase from Anka Property last year.

There were approved plans in plans for a 12-level building with 40 apartments, plans that had been back and forth between the Woollahra Council given the substantial uplift they were seeking.

<a href="/developers/lendlease-development">Lendlease</a> and Mitsubishi Estate, the latter of whom is one of the largest real estate developers in Japan and worked with Lendlease on One Sydney Harbour and One Circular Quay, has submitted a Concept State Significant Development Application to the NSW Government for a 17-level tower (with the affordable housing uplift).

The concept, which comes before the full State Significant Development applications, will have 60 apartments, 21 of which will be designated as affordable.

Architecture firm&nbsp;<a href="/architects/tzannes-architects">Tzannes</a> has been called in to handle the design of the building.

<img alt="Tzannes" data-entity-type="file" data-entity-uuid="5fe43b2d-6490-4900-a084-a29ec5349def" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-05%20at%2012.37.27%E2%80%AFPM.png?VersionId=hQdOFK3DWauBl_e6nlCAf4f4o00op3CU" />

Tzannes, led by regarded architect Alex Tzannes, calls 1 Darling Point Road a "landmark opportunity to create architecture that is placeshaping for Edgecliff Station and community building for the greater eastern suburbs.

"With its unique topographical elevation overlooking the Harbour City and connections with existing transport infrastructure, this site is ready for urban densification," the architecture firm noted in the Architectural Design Report

"This project will contribute to Sydney's growing need for quality well-designed, and well-located, homes and amenities."

<img alt="Lendlease" data-entity-type="file" data-entity-uuid="1fdf903c-b044-4f69-8199-dad1c71c239c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-03%20at%202.25.44%E2%80%AFPM.png?VersionId=7br7HgVNsnlMJPoqFcajaBWSUjWeKgaT" />

The plan is to retain and refurbish the existing heritage building at 136 New South Road Road and also include retail space and 1,516 sqm of commercial office space located in the podium levels.

There will be 16 one-bed apartment on offer, jsut three two-bed apartments, 34 three-bedders, and eight four-bedroom apartments. A single 350 sqm-plus penthouse will crown the 16th level.

&nbsp;

The <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> evelopment aligns with the NSW government's target of delivering 1,900 new dwellings in the Woollahra local government area by 2029.&nbsp;

&nbsp;

The project is expected to have an end value of around $500 million. Construction is anticipated to commence in 2026.

The project is expected to have an end value of around $500 million. Construction is anticipated to commence in 2026

Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate

<a href="/developers/bridgestone-projects">Bridgestone Projects</a> is looking to push its rejected Chatswood apartment towers higher.

Around 18 months after submitting to the local Willoughby Council for a two-tower development at 44-52 Anderson Street, Bridgestone has gone to the NSW Government for a&nbsp;$90 million State Significant Development.

It will see the two towers on the 2,687 sqm site, which will share a podium level, reach 33 levels, higher than the 25 levels that were approved in September.

The uplift comes as a trigger of affordable housing in the development.

Since late 2023, the NSW Government has encouraged developers to include affordable housing. If they have at least 10 to 15 per cent of the total apartments as affordable, they can build a tower 20 to 30 per cent higher than without.

Bridgestone had previously sought 96 apartments. Now they are proposing 123 apartments, 36 of which will be affordable.

<img alt="Bridgestone Projects Aims to Transform Anderson Street with 33-Storey Twin Tower" data-entity-type="file" data-entity-uuid="7893692b-1730-4843-8db4-de9b6432ed88" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Anderson%20st%20site.png?VersionId=SFkYhsa7LOw51eMRKZvJFPlurXoiRBlK" />

The Anderson Street development will feature a two-level podium with commercial and retail spaces on the ground floor, with vehicular access planned from Day Street.&nbsp;

The apartment mix is still weighted toward three-bedrooms (89). 18 two-bedrooms have been put forward, as well as nine one-bedroom apartments and seven four-beds.

<img alt="Bridgestone Projects Aims to Transform Anderson Street with 33-Storey Twin Tower" data-entity-type="file" data-entity-uuid="b664b7eb-5354-45ef-b730-855b9e1255e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Anderson%20st%20bldg.png?VersionId=xe2ZGtKYxmTS72SGemX0CSfOJNGdVraM" />

A green spine will link the two residential towers, and communal open space will be located on Level 2. This design element aims to provide shared external spaces, enhance visual appeal, and integrate natural elements throughout the development.&nbsp;

Residents will have access to shared outdoor spaces, a swimming pool, sauna, BBQ area, and associated amenities.

An eight-level basement car park will be part of the development providing 296 parking spaces, which aims to support sustainable transport options, with proximity to Chatswood Station and public transport networks.

<img alt="Bridgestone Projects Aims to Transform Anderson Street with 33-Storey Twin Tower" data-entity-type="file" data-entity-uuid="609d995d-888a-4000-afcf-80943eeffc3c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Anderson%20st%20bldg%20podium%20facade.png?VersionId=Iu3KncBZgOjLHRh0SPRA7QBT20e3igce" />

Architectural firm Make has designed the project, focusing on integrating the new development within the evolving Chatswood CBD while maintaining a connection with the surrounding built environment.

<a href="/architects/make-architecture">MAKE Architects</a> won the design competition, impressing the jury with their solution to balancing the scale of the towers with the heritage conservation areas to the east, achieved by dividing the building into two slender forms.

The façade design incorporates a contemporary aesthetic inspired by the local area's brick buildings with a focus on solar access, natural ventilation, and shading elements to improve energy efficiency.

The documents submitted to the NSW Government suggest the proposal "aligns with planning objectives for increasing housing diversity, particularly through the inclusion of in-fill affordable housing."

Approved were 96 apartments. Now Bridgestone is proposing 123 apartments, 36 of which will be affordable

Bridgestone to push dual-tower Chatswood apartment tower higher

Brisbane’s suburban renewal continues to gain momentum with a transformative vision for Alderley, where&nbsp;Darveniza Group is planning to convert an industrial site into a vibrant residential community.

The new project, to be known as&nbsp;<a href="/new-apartments/station-quarter-78-farrington-street-alderley">Station Quarter</a> on Farrington Street, will put residents adjacent to&nbsp;<a href="/developments/alderley-qld-4051">Alderley</a> train station. The 17,167 sqm masterplan by Nettletontribe will have seven low to mid-rise apartment buildings, ranging between four and 10 levels, and have around 400 new apartments.

Darveniza Group is led by Queensland richlister Jane Darveniza, the widow of millionaire property developer Bojan Darveniza.

<img alt="Station Quarter Alderley" data-entity-type="file" data-entity-uuid="4f30454c-4781-4ad5-81b1-da2e7f447cdb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Station%20Quarter%20building%20one.png?VersionId=jsW_dHEXIr.wseqsVxyM9T9IpkRJQg8t" />

The precinct will be anchored by a central 1,750 sqm communal open walkway with extensive retail spaces.

The Farrington Street address, opposite Alderley Station with street frontage to Huddart Street, is surrounded by established amenities, including schools, parks, and shops, with direct access to major arterial roads and the Ferny Grove train line.&nbsp;

The masterplan aims to offer diverse housing options to cater to a wide range of residents, including affordable choices that address Brisbane’s growing housing demand.The first stage will comprise two buildings, one with 34 units across a four-level block, the smallest in the development, and 66 units in an eight-level building.

The 100 apartments in this initial phase will range from one to three bedrooms, with a 102 sqm ground-floor space for a café.

<img alt="Alderley" data-entity-type="file" data-entity-uuid="655d1e5c-3951-4d66-81de-13104db77c89" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-30%20at%209.29.20%E2%80%AFAM.png?VersionId=2yXwMWIvdOpkTbG5uyDNt8FsqqbHrPPi" />

The Town Planning Report by Urbis suggested Station Quarter is a "catalyst for Alderley and its evolution as a growth node."

"Station Quarter is set to redefine urban living in Alderley, by transitioning from low impact industry to a dynamic, low-medium density residential community," the report noted.

"Station Quarter is more than just a residential project; it is a commitment to sustainable urban development. By replacing industrial land uses with residential, the project not only meets the immedaite housing needs but also fosters a thriving, connected community within Brisbane's inner 5km radius."

Alderley isn't a suburb often associated with new apartment development. The last time a new project launched was nearly 12 months ago.

Breathe Residences, by&nbsp;joint venture partners&nbsp;<a href="/developers/capital-prudential">Capital Prudential</a>&nbsp;and the architecturally-driven property developer&nbsp;<a href="/developers/guavalime">Guavalime</a>, will be just across 800m from Station Quarter.

Alderley set for 400-apartment Station Quarter development opposite train station

Pembrook Homes has delivered over 1,000 homes across Melbourne's inner-city suburbs for over two decades.

Their latest pursuit of delivering contemporary, low-maintenance townhouses to family-friendly suburbs has taken them to REservoir, where they've previously completed several boutique developments in recent years.

The new townhouses at <a href="/new-townhouses/41-home-street-reservoir-41-home-street-reservoir">41 Home Street</a>, a row of just four, sit in the sought-after Oak Hill Estate, one of the most premium pockets in <a href="/developments/reservoir-vic-3073">Reservoir</a>.

Not subject to owners corp like the majority of townhouse developments, 41 Home Street townhouses are priced between $1,125,000 for the three-bedroom homes, and $1,195,000 for the sole four-bed townhouse.

&nbsp;

[smartcode_project:default project_id=148861 project_image_fid=319809]

The homes feature open-plan layouts that connect the kitchen, dining, and living spaces, leading to private courtyards designed for additional outdoor living.

Kitchens are equipped with 900mm Bosch stainless steel appliances, stone benchtops, and sleek cabinetry, anchored by a kitchen island which forms a versatile additional dining or entertaining space.

[smartcode_project:default project_id=148861 project_image_fid=319811]

Each home also meets a 6-Star NatHERS energy rating, designed to minimise their environmental impact without compromising on quality or comfort.&nbsp;

Landscaping has been thoughtfully planned to enhance privacy and integrate greenery throughout the site.

&nbsp;

[smartcode_project:default project_id=148861 project_image_fid=319808]

The Oak Hill Estate is an attractive area to live in Reservoir because within its small four-kilometre square boundary it has the likes of&nbsp;Darebin Community Sports Stadium, Reservoir Leisure Centre, Summerhill Village Shopping Centre, Broadway Shopping Centre, C.H. Sullivan Memorial Park, C.T. Barling Park, and several schools.

Home Street runs adjacent to Plenty Road where the 86 Tram heads into the city to Docklands or north to Bundoora RMIT.

<a href="/developers/pembrook-homes">Pembrook Homes</a>, who build all of their own developments, are expecting to complete the townhouses later this year.

[smartcode_project_cta:default project_id=148861]

Pembrook Homes, who build all of their own developments, are expecting to complete the townhouses later this year

Pembrook Homes to bring contemporary townhomes to Reservoir

Transport Oriented Developments have taken a hold of the Sydney development market in recent months, particularly since the opening of the extended Sydney Metro line.

Third.i is building Hume Place above Crows Nest Metro, while Mirvac and John Holland have revealed their future plans for Waterloo Quarter.

<a href="/developers/holdmark-property-group">Holdmark</a> is the latest to look to the ToD, which the government says "encourages sustainable and mixed-use development around transport and aims to create vibrant and walkable communities."

They have proposed three structures in <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>, on a&nbsp;12,720 sqm site at 2-4 Giffnock Avenue, strategically located near the Macquarie Park Metro station, Macquarie Centre, and Macquarie University.&nbsp;

The proposal includes just under 600 apartments, with 10 per cent allocated as affordable housing.

The development will also incorporate retail spaces, including a supermarket, and essential infrastructure such as open space and road networks.

<img alt="2-4 Giffnock Avenue Macquarie Park" data-entity-type="file" data-entity-uuid="aa573be2-ab30-4736-ad7e-6aa918ebdc51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site.png?VersionId=C1kfLHjpR1WHsWB043K2Enx59vV_YBXd" />

The site has been rezoned to allow for mixed-use development, with a maximum incentive height of 130 meters.

The development plan includes two slender residential towers and a smaller building above a shared podium. It aims to deliver a built form that reflects the evolving urban character of Macquarie Park while providing active ground-level uses and green spaces.

"Holdmark's proposal aligns with the precinct's goals of creating walkable, vibrant neighbourhoods with enhanced connectivity," the State Significant Development Application noted.

Studio SC, formerly Scott Carver, has handled the preliminary designs for the towers.

<img alt="Holdmark" data-entity-type="file" data-entity-uuid="158b54d2-872a-477e-92af-85f7af31beeb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-29%20at%208.04.45%E2%80%AFAM.png?VersionId=ZG.PM2H0GjFOGi4rmBm1fLih11q0JCIO" />

The precinct is one of six accelerated housing areas designated by the Department of Planning, Housing and Infrastructure, aiming to boost housing supply near major transport hubs while retaining job opportunities and improving public amenities.

"NSW needs more housing supply," the NSW Government says.

"We have a once-in-a-lifetime chance to shape the Six Cities Region’s city planning around Sydney’s new world-class metro system and leverage existing rail stations to serve generations to come.

"By building more housing near the metro and rail stations, we can enable more people to live close to transport, jobs, services, night life and amenities.

"The Transport Oriented Development (TOD) Program will create sustainable and connected cities now and for future generations."

The proposal includes just under 600 apartments, with 10 per cent allocated as affordable housing

First look: Holdmark submits Sydney's latest Transport Oriented Development at Macquarie Park	

Boutique townhouse developer,&nbsp;<a href="/developers/sloane-property">Sloane</a>, is accepting deposits of just five per cent at its under-construction Brighton townhouse development, 111 Carpenter.

The lower deposit, plus significant stamp duty savings since the government <a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">abolished stamp duty in October 2024 for 12 months</a>, aims to provide greater accessibility to purchasers seeking larger homes in one of Melbourne's most sought-after suburbs.

Located on Carpenter Street, the project comprises just seven townhomes designed by award-winning architecture firm Megowan, who has a deep understanding of the area and its lifestyle demands. Megowan has designed several successful projects for Sloane across Melbourne.

[smartcode_project:default project_id=7517 project_image_fid=214118]

Each townhouse has been crafted to maximise the northern exposure of the site, with key living spaces oriented to optimise passive solar gain and cross-ventilation.&nbsp;

The two and three-level townhouses, under construction with multi-award winning builder Virgon Constructions, offers three to four-bedroom configurations with north-facing open plan living areas and private courtyards designed by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.

Sloane Managing Director, Adam Sloane, highlighted the location as a major drawcard, citing <a href="/developments/brighton-vic-3186">Brighton</a>’s combination of beachside living, parks, cafes, retail, and highly regarded schools.&nbsp;

With the project situated amongst tree-lined streets and close to shops and public transport,&nbsp;Sloane noted that the development provides an ideal base for families wanting a low-maintenance yet spacious home in the Bayside area.

[smartcode_project:default project_id=7517 project_image_fid=218198]

While apartments in the area cater largely to downsizers and Brighton's grand mansions suit families seeking large-scale homes, Brighton has had a lack of new townhouse development in recent years, a dwelling type designed to bridge the gap between apartment and house-sized living.

The projects is weeks away from lock-up and is on track to complete in late 2025.

[smartcode_project_cta:default project_id=7517]

Sloane is closing in on lock up stage and are on track to complete in late 2025

5% deposit offer - Buy into Brighton's affluent property market with 111 Carpenter townhomes

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]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

Joel Robinson

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