<html><body>
<div>
James Packer’s right hand man Matthew Csidei has sold his Watsons Bay home.
The asking price was around $8 million for <a href="https://sydneysothebysrealty.com/4477165/8-Gap-Road-Watsons-Bay" target="_blank">the four-bedroom home</a> with Blainey North interiors and a 20 metre lap pool.
It has been suggested around $7 million was secured.
</div>
Its original incarnation was as a Masonic Lodge.
It was marketed as expertly rebuilt from a shell in 2008 as a luxurious classical Beaux-Arts inspired contemporary home with what was arguably Sydney's biggest living room and possibly the largest master bedroom suite in an exclusive harbourside/oceanside village pocket.
It was listed with James McCowan of Sydney Sotheby’s International Realty and William Manning of Ballard Property, who also have James Packer's Bondi Beach home for sale.
Csidei and his wife Lauren Roscoe are now based in London with their two children. 
They retain a Mittagong property, Kennerton Green.
Once known as the 'Minister of Fun', because he looks after James Packer's toys, "Ched" secured the former Masonic Temple in a derelict state in 2005 for $2.7 million.
Its parquetry floors are from an 18th century chateaux in France's Loire Valley.
</body></html>

jchancellor-FAypfDUnLy

Expat Matthew Csidei sells Watsons Bay home

<html><body>
A CLSA analyst says interest rates in Australia will be less than 1% within two years and could even go to zero.
Christopher Wood, the managing director and chief strategist of the Asian-based equity broking and investment firm, made the forecast in an interview with The Australian Financial Review.
"I think less than 1% within the next two years. They are going to end up a lot lower than people still imagine," said Wood.
The AFR notes the most recent Bloomberg survey of economists indicates an average interest rate forecast of 2% for the end of the year and the first quarter of 2016.
Wood told investors to sell US mortgage securities before the subprime disaster.
"It's not whether interest rates go up, it's whether Australian interest rates go to zero," Wood said.
"When I was in Australia 15 months ago everyone thought that interest rates had bottomed and were going up. But now there is greater awareness among fund managers that it is going to stay lower for longer."
Wood said the drop in gross domestic product means the Reserve Bank of Australia needs to keep cutting interest rates, but it is caught in a difficult position.
"The issue from Australia's central bank standpoint is that it doesn't want to cut interest rates because of the housing market which, from a value point of view, is overextended," he said.
"You do have asset price rises driven by Chinese buying. But the bank is under pressure to cut rates, so I think it will have to come down to macroprudential controls and they are very political."
Wood is in Australia to meet with major fund manager clients. 
</body></html>

Interest rates to zero forecast for Australia: CLSA's Christopher Wood

<html><body>
The Reid, ACT home of late novelist Bryce Courtenay and his wife Christine has been sold for $1.8 million.
The Canberra home on 1,045 square metres at 35 Euree Street was listed for auction last weekend after Christine decided to return to Sydney.
The couple lived in Canberra following the author's diagnosis of cancer.
Listed through Peter Blackshaw Manuka agent Mary Debus, the three bedroom home had been bought for $1.29 million in 2008.
</body></html>

Bryce Courtney's former Canberra home sold

<html><body>
Hong Kong's Far East Consortium will develop the first Ritz-Carlton hotel in Melbourne.
It will be atop the 79 level high-rise tower to be built at 250 Spencer Street, the former site of The Age.
The hotel will have 250 rooms on the highest 15 floors. 
Yesterday’s announcement follows the news that Ritz-Carlton had partnered with FEC to develop a new hotel at Elizabeth Quay in Perth.
Australia's first Ritz-Carlton was established when property veteran Sid Londish, the chairman of Comrealty, developed the Ritz-Carlton on Macquarie Street in the late 1980s for a Japanese millionaire singer, Masao Sen.
That was around 140 years after Cesar Ritz, a shepherd's son, was born in Switzerland.
Described as "the hotelier of kings and the king of hoteliers" by King Edward VII, Ritz opened his first hotel in Paris in June 1898 with finance from Marnier La Postolle, an old friend and the originator of the liqueur Grand Marnier, and culinary wizardry from Auguste Escoffier.
His idea was not to create a "grand hotel" but a new and original one - a home that would equal the comforts, security and service that discriminating patrons would provide for themselves.
Both Ritz and Escoffier had an interest in the Carlton Hotel in London and they combined their efforts to establish a Ritz-Carlton management company.
In 1910, the Ritz-Carlton opened in New York City.
Sydney's Ritz-Carlton was the 15th member of The Ritz-Carlton group and the first in the Pacific Basin.
Double Bay was the brief the location of the second Australian Ritz-Carlton.
</body></html>

Far East Consortium to develop Melbourne's first Ritz-Carlton

<html><body>
The federal government’s proposed changes to the Significant Investment Visa (SIV) program has the potential to shut the program down, according to the property, finance and immigration firm Ausin Group.
From the 1 July the government is planning to force SIV clients into alternate asset classes, restrict investing in residential property and prohibiting the direct purchase of government bonds.
Joseph Zaja, the managing director of Ausin Group says the proposed changes are seeking allocations of up to 50% in venture capital and micro-cap companies, which are considered high risk investments. 
“The Australian venture capital and micro-cap sectors are very small," Zaja said.
"It would be difficult to find investment opportunities and the expertise to significantly increase this allocation which would be required under the proposed visa guidelines in the short-term.”
“Under the proposed rules Ausin’s immigration consultants expect investors to shun Australia’s SIV program and start to look for more viable alternatives such as business visas or the Investor Stream Visa.
"They also expect interest in Canada and the USA’s comparable visa programs to increase as their programs are more affordable when compared to Australia’s visas.”
Ausin noted that according to Australian Private Equity &amp; Venture Capital Association Limited’s (AVCAL) 2014 Year Book, over the last five years approximately $150 million per year was raised for venture capital funds in Australia by on average three or four managers. 
“The proposed changes to the complying investment visa requirements for SIVs has the potential to significantly impact on foreign investment in this country," said Zaja.
"Limiting the venture capital and mico-cap allocations to 10-20% will deliver a manageable increase in capital for these investment sectors. 
“Eliminating the small cap requirement and allowing clients to balance their remaining portfolio with assets of their choice would ensure SIVs remain a viable alternative in this country.”
The company is one of Australia’s largest privately owned companies providing property, immigration and financial services advice to both Australian and Asia Pacific markets.
Ausin sells properties for Australian Stock Exchange (ASX) listed companies and private property developers in Australia and New Zealand. Its offices are located in Sydney, Melbourne and 11 major capital cities in Asia. It employs over 350 staff across these offices.
Under the proposed rules, investors would also be forced to only invest up to 10% in residential property. 
Zaja says he agrees that the SIV complying investment guidelines should restrict the direct purchase of existing residential property, "however investing in residential real estate projects should be encouraged".
“The additional residential housing investment generated from the SIV program provides significant benefits to the real estate sector and country including creating jobs, increasing housing supply and generating revenue from stamp duty," he said.
</body></html>

Changes to venture capital SIV rules will turn investors away from Australia: Ausin Group

<html><body>
After dropping his price, Los Angeles based landscape designer and occasional reality TV host, Jamie Durie has sold his hillside Bilgola, Sydney trophy home.
The sale price has been withheld, but emerged as $3.75 million.
No price guidance was being given on its early September marketing, but there were reported ambitious $4.4 million plus record hopes ahead of its postponed December auction.
There were recent official $3.75 million plus hopes reported by Title Tattle.<a href="https://www.domain.com.au/property/for-sale/house/nsw/bilgola-plateau/?adid=2011418712" target="_blank"> </a>
The 614 square metre holding was bought in boom time 2003 for $1.3 million, with architect Walter Barda then commissioned to build the four-bedroom residence.
It comes with gym, pool, sauna, rooftop deck and yoga room overlooking the beach, designed to look like a whale. An observation deck is the shape of a whale stomach, with the zinc roof in the style of a whale’s tail.
Advertised as Avalon Beach, Bill Eames, of LJ Hooker Avalon had the<a href="https://avalon.ljhooker.com.au/CJRF58" target="_blank"> 3 Plateau Road, Bilgola</a> private treaty listing with Christies International agent Ken Jacobs.
It is too big as a bolt hole for the constantly travelling Durie, who intends to downsize in Sydney after its sale.
 
</body></html>

Jamie Durie sells Bilgola after trimming the price

<html><body>
Respected economist Dr Andrew Wilson revels in his latest piece of hyperbole.
It is a ticking calculator that gives Sydney's <a href="https://doctorandrewwilson.blogspot.com.au/2015/02/sydney-0-i-str-dollars" target="_blank">estimated real-time capital city median house price</a>... and<a href="https://doctorandrewwilson.blogspot.com.au/2015/02/countdown-to-sydney-1000000-house-price" target="_blank"> when he thinks Sydney will hit the $1 million median house price</a>.
Last month, when it started off, he had Sydney at $892,149.
<table style="width: 460px;" border="1" cellpadding="0"><tbody>
<tr>
<td>
471
</td>
<td>
10
</td>
<td>
33
</td>
<td>
6
</td>
</tr>
<tr>
<td>
Days
</td>
<td>
Hours
</td>
<td>
Minutes
</td>
<td>
Seconds
</td>
</tr>
</tbody></table>
Mid-week it was at $895,969 meaning:
<table style="width: 460px;" border="1" cellpadding="0"><tbody>
<tr>
<td>
459
</td>
<td>
15
</td>
<td>
36
</td>
<td>
44
</td>
</tr>
<tr>
<td>
Days
</td>
<td>
Hours
</td>
<td>
Minutes
</td>
<td>
Seconds
</td>
</tr>
</tbody></table>
...days until $1 million.
Today March 20 it sits at $898,584, well $898,584.19 and:
<table style="width: 460px;" border="1" cellpadding="0"><tbody>
<tr>
<td>
451
</td>
<td>
19
</td>
<td>
48
</td>
<td>
18
</td>
</tr>
<tr>
<td>
Days
</td>
<td>
Hours
</td>
<td>
Minutes
</td>
<td>
Seconds
</td>
</tr>
</tbody></table>
Do we really need it Dr Wilson?
</body></html>

Only in Sydney - ticker showing countdown to $1 million median house price

<html><body>
Technology pioneer Daniel Petre and his wife Carolyn are swapping Lavender Bay trophy homes.
The former Microsoft executive has bought Villa Medusa from the wine exporter Graham Cranswick-Smith through McGrath's Claudia Portale for $8 million.
They have now listed<a href="https://www.realestate.com.au/property-house-nsw-mcmahons+point-119322648" target="_blank"> Alta Mura</a> with more than $7 million hopes through Belle Property.
The 1886 trophy mansion was bought in 2011 for $6.4 million from Clive Steirn, SC, and his wife Marilyn.
The purchase came after they sold their former home in Killara for a suburb record of $11.5 million.
<a href="/news/mcmahons-points-villa-medusa-sold-by-vintner-graham-cranswick-smith">Villa Medusa</a> is in the Versace style.
</body></html>

From Victorian era to Versace, Daniel Petre upgrading Lavender Bay homes 

<html><body>
The owner-builder Ben Wheeler secured a record $2.18 million at weekend auction for his new home in Narraweena.
He and his wife Shonagh spent more than five years creating the four bedroom, three bathroom trophy home.
The property at 102 Victor Road (pictured above) exceeded the suburb record by $520,000, with the prior record of $1,655,000 only set in December for a house in Karoola Street.
The latest sale was by agent Lachlan Yeates, of Raine and Horne Dee Why, who told the local News Ltd paper 19 parties registered to buy the Wheeler home, the highest number he'd ever had register for an auction.
The new owners are a couple from Melbourne. 
Acco­rding to CoreLogic RP Data, it became a million-dollar suburb this month, the last on Sydney's northern beaches to do so.
</body></html>

Narraweena the last on the northern beaches to become a $1 million median suburb

<html><body>
Brightside House, a 1906 art nouveau Tasmania property, has been listed with $750,000 plus hopes.
It was built by orchardist Charles Wilis Fysh, the son of Sir Phillip Oakley Fysh, Premier of Tasmania between 1877 and 1878. The politician was postmaster general,<a href="https://adb.anu.edu.au/biography/fysh-sir-philip-oakley-6262" target="_blank"> both at state and federal levels</a>. 
Overlooking the Derwent Valley, the house with wrap around verandah sits on its one hectare lot at Glenfern, not far from New Norfolk.
Its period features include pressed tin ceilings in every room.
The grounds at 47 Plenty Valley Road come with a self-contained two bedroom barn. Planning approval has been granted for a registered bed and breakfast.
It has been listed by <a href="https://charlottepeterswald.com.au/property/47-plenty-valley-road-glenfern-00146839" target="_blank">Sam Monks</a> at Charlotte Peterswald and Tegan Rainbird at Petrusma Property. 
</body></html>

Pressed tin ceilings in every room at Tasmania's 1906 Brightside homestead

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Jonathan Chancellor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News