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Bill Evans, who has been cheekily dubbed the interest rate whisperer by the Daily Telegraph's business columnist Scott Rochfort, has issued a revised 2015 rates advisory.
"While we still expect rates to be on the rise in 2016 as the world economy gathers considerable momentum, we now expect the RBA to cut rates further in the early months of 2015 in an effort to bolster domestic demand and lower the AUD before evidence on the world economy becomes clearer around the middle of the year," he said.
"We now expect the RBA to cut rates by 25bps in February and again in March prior to another period of stability."
The surprise call came on late Thursday afternoon shortly after Deutsche Bank and Goldman Sachs made similar forecasts amid signs the slowing pace of economic growth in Australia.
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Evans noted on housing, the RBA has sensed a clear moderation in price appreciation in recent months. 
"The Bank also has some scope to use macro prudential tools to contain any further sharp upswing in investor housing activity, if it were to occur," Evans said.
"Of course the next Board meeting is not until 3 February and much could change over that period."
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jchancellor-FAypfDUnLy

Rates to drop, then rise in 2015: Westpac's Bill Evans

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High volumes continue in the Sydney weekend auction market.
This Saturday 992 auctions are scheduled which is just below the 995 December Saturday record set last year on 14 December.
Sydney will also host around 1,000 auctions next weekend when the December auctions record clearly will be broken, according to Australian Property Monitors.
The upper north shore will again host the most number of auctions this weekend with 146 closely followed by the inner west with 144, the south 145, the city and east 129, the lower north 99, the west 88, Canterbury Bankstown 65 and the northern beaches with 57 auctions scheduled.
The most popular suburb for auctions this weekend in Sydney is Mosman on the lower north shore with 20, followed by Carlingford in the north west and Eastwood on the upper north shore each with 12, Hurstville in the south with 11, Drummoyne in the inner west with 10 and a number of suburbs with 9 auctions scheduled including St Ives on the upper north shore, Blacktown in the west and Castle Hill in the north west.
"Sydney’s weekend auction market has tracked backwards over the past month with falling clearance rates reflecting supply catching up with demand," APM senior economist Andrew Wilson said.
"The past three weekends have recorded consecutive clearance rates below 75% for the first time since March 2013," he noted.
Sydney commenced the spring selling season this year with nine consecutive clearance rates above 80%. 
"The current four-weekend average clearance rate has fallen below 75% to 74.5% which is well down on the 80.4% average recorded over the previous four-weekend period," he said.
Last weekend Sydney broke the record for the most number of homes auctioned on a Spring Saturday with 1058 listings, just below the all-time Saturday auction record of 1,111 set on the pre-Easter Saturday earlier this year.
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Busiest December ever for Sydney auctions

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There are 1,432 homes going under the hammer across Melbourne this weekend, according to Australian Property Monitors (APM).
It ranks as the highest ever conducted on a December Saturday.
It also ranks as the second highest number of weekend auctions conducted this year 
APM noted there were 1,325 properties listed for auction last weekend, the last Saturday of spring. There were the 1,341 at the same time last year.
The inner city will have the most auctions this weekend with 236 closely followed by the inner south with 233, the west with 207, the outer east with 196, the inner east with 188, the north-east with 183, the north with 102 and the south-east with 84.
The most popular suburbs for auction listings this weekend in metro Melbourne are Richmond and Mount Waverley each with 24 followed by St Kilda with 22, Glen Waverley and Port Melbourne each with 21 and Reservoir, Brighton East and South Yarra with 18 auctions this weekend.
The weekend auction market reported another subdued clearance rate at the weekend with clear indications emerging of a sustained fall in buyer activity over late spring.
The weekend's preliminary result of 67.2% was almost identical to last weekend's year-low result of 67.1%.
APM's Andrew Wilson said the four-weekend average clearance rate had now fallen to 69.5% is well down on the previous four weekend average result of 76.4%. 
Melbourne has now recorded consecutive clearance rates below 70% for the first time since July 2013.
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Record December Saturday offerings for deteriorating Melbourne auction scene

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Robin White, widow of entrepreneur and arts patron Ron White, has sold her Darling Point apartment atop the L'amarre block they co-developed 12 years ago.
She wanted $6 million plus at August auction through Julian Hasemer, of 1st City Hasemer-Caldwell-Eyles.
It was a dual level <a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/darling-point/?adid=2011343085" target="_blank">535 square metre penthouse</a>.
Late last year there were sales of two of the four apartments at $5.05 million and $6.3 million.
The only remaining original buyer in the boutique block is the Star Wars producer Rick McCallum, who bought in 2002 for $5.4 million.
{qtube vid:=nhadC-u93c8}
 
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New Beach Road, Darling Point trophy penthouse sells

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The Woollahra Parisian influenced Victorian terrace of retired doctor Andrew Child and his wife Di sold at recent auction.
<a href="https://www.rwdoublebay.com.au/1827551/" target="_blank">The three level Nelson Street property</a> last sold in 1986 for $560,000.
The middle level was fronted by triple French doors onto the bedroom balcony. On the third level there were two dormer style attic windows in what was also a bedroom suite with dressing room and ensuite.
It was offered by James Dunn of Richardson &amp; Wrench Double Bay with $2.5 million plus hopes.
It was sold at $2.71 million to an expectant Melbourne couple who were there with buyers' agent Deborah West.
Earlier this year there was a beautiful 1860s sandstone cottage in the heart of Woollahra village with a romantic Parisian style garden courtyard. 
The Di Jones marketing for 3 Victoria Avenue was repérer sur, or spot on.
A petite, formal, wisteria covered patio space with a sense of openness, with elements of stonework, neatly trimmed hedges and shrubs, with a symmetrical focal piece. Arbour gates fit the bill. Though not quite a French parterre which originated in 15th-century gardens of the French Renaissance. 
<a href="/news/windermere-hunters-hill-highlights-sydneys-french-property-affair-runs-deeper-than-parterre-gardens">It was passed in at $1.8 million</a>, and then sold mid-year at $1.8 million.
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Parisian-style Woollahra terrace sells for $2.71 million

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Lance 'Buddy' Franklin, the former Hawk AFL champion turned Sydney Swan, secured $1.73 million when his contemporary Brighton East house was recently sold.
<a href="https://www.realestate.com.au/property-house-vic-brighton+east-118055423" target="_blank">The 55 Hodder Street offering</a> had $1.6 million to $1.7 million price guidance, but no sale price has been revealed until the settlement details were lodged last week.
The records show it appears it was a cash buyer, with no registered mortgage on the Melbourne house.
After renting briefing elsewhere in Brighton, Franklin bought the house on its 678 square metre block in late 2010 for $1,635,000 through hockingstuart.
He secured a $95,000 gain, reflecting less than 1.5% annual price gain over nearly fours years of ownership.
The four-bedroom, two bathroom home with a pool had also sold at $1.45 million in 2006 on its completion.
He is not yet known to have bought any Sydney property. 
Franklin controversially switched to Sydney following Hawthorn's 2013 premiership victory on a nine year, multi-million dollar contract.
He kicked 79 goals in his first season as a Swan, but his new team succumbed to the Hawks in this year's Grand Final. 
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Buddy Franklin secured $95,000 gain on Brighton East offering

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Who could ever forget the self-made Sylvania Waters couple Noeline and Laurie Donaher?

They left Sydney back in 2003 for another canal front, <a href="https://www.realestate.com.au/property-house-qld-sovereign+islands-115876959" target="_blank">Paradise Point on the Gold Coast</a>.

The retirees now want $1.59 million for their Sovereign Islands home after the property went to auction last month through Chris Moyer at The Professionals Vertullo Rel Estate.

"It is an extremely competitively priced property,' he told Property Observer.

The Donaher's Sydney waterside home was the lavish setting for the 1992 reality television documentary Sylvania Waters that stunned viewers for its disarmingly frank portrayal of middle-Australia's lifestyle in the southern Sydney suburb.

Sylvania Waters was the first canal-style suburban development in Australia in 1961, although the Gold Coast's Isle of Capri and Chevron Island stole the limelight until the Donahers came along.

Title Tattle recalls James Goyen, the original developer of Sylvania Waters convinced the local council to approve the £1 million project after they sent the shire engineer to Florida Keys to see how it could all be done. 

In 1958 he had bought the swampy land which was then known as Gwawley Bay and which was being used for oyster farming. Council approval was granted in 1961 with the first sales occurring in 1962.

As the unapologetic housewife and matriarch, Noeline Baker remains the undisputed first lady of reality television that rolled out in it wake. Fairfax columnist Andrew Hornery suggested the BBC show briefly turned the suburban housewife into a pop culture icon after she released a single, a version of the Edith Piaf cafe classic 'Non, Je Ne Regrette Rien'.

There was a relief for long-time residents when the argumentative family packed their stubby holders and sold for $2.1 million and departed for the Gold Coast where they bought for $1,485,000 from Sarah Fedotov in 2003.

Set on The Sovereign Mile, it was initially listed with the marketing saying they were serious sellers as "looking for a tree change".

Now its "the ship is sailing…seller going travelling". They are among the nomad retiree set, though Title Tattle couldn't see any caravan on the property, just the boat.

The home boasts three separate living areas both formal and informal chef's delight kitchen with heaps of bench space, large breakfast bar, stainless steel appliances open plan living opening out to balcony complete with bbq and fridge overlooking the pool. There is four car accommodation plus space for caravan.

Of course there is a floating pontoon to accommodate a 50' boat.

Other developments for sale on the Gold Coast

Shoreline, Surfers Paradise

[smartcode_project:default project_id=22057]

Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.

The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.

Miles Residences, Kirra Beach

[smartcode_project:default project_id=27575]

The Miles Residences Kirra Point will be one of Kirra Point's most impressive towers when it's completed in 2023.

The development of 118 apartments is part of the redevelopment of the Kirra Beach Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.
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Now nomads Noeline and Laurie Donaher list Paradise Point home

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The latest NSW 2014 edition of the Contract for Sale and Purchase of Land features a number of changes to the 2005 edition, including new clauses on electronic conveyancing.
The new 2014 edition of the Contract for Sale and Purchase of Land was issued by the Joint Copyright Holders, Law Society of New South Wales and the Real Estate Institute of New South Wales, last month.
While the 2005 edition of the contract was issued in both paper and electronic formats, the new contract has been released in an electronic format only, <a href="https://www.cbp.com.au/People/Gary-Newton?utm_source=Mondaq&amp;utm_medium=syndication&amp;utm_campaign=author-bio-link">CBP Lawyers</a> has advised.
Although the contract is largely the same as the 2005 edition, it contains a few changes:
<ul>
<li>The contract has been renamed, from "Contract for Sale of Land" to "Contract for Sale and Purchase of Land". </li>
<li>The front page of the contract has a few changes, including the addition of buyer's agent as well as storage spaces as an improvement and solar panels as a possible inclusion. </li>
<li>There are a few new boxes to tick, including the vendor agreeing to accept a deposit bond and the parties electing to use the new electronic conveyancing for completing the purchase. </li>
<li>One change that was badly needed was the removal of references to "vendor's duty". Although it was still relevant at the time the 2005 edition was being prepared, shortly after release the vendor's duty was scrapped. </li>
<li>A new clause on "breach by the vendor" has been added. This new clause 8.2 is important because in the previous drafts of the contract there had been extensive clauses in relation to termination for default by the purchaser, but there was no corresponding clause in relation to default by the vendor. This lack of mutual breach clauses could be seen as being an unfair contract term. The new clause restores the balance. </li>
<li>There is a new clause 30 on electronic conveyancing. Given the rollout of electronic conveyancing over the last year and the fact that it is expected that the first settlements of transfers in NSW will occur using the new electronic system at the time of publication of this article, the joint copyright holders thought it would be a good idea to put in an extensive clause that dealt with all of the key steps and processes required in order to complete a matter using the new electronic conveyancing.</li>
</ul>
Gary Newton, a partner at CBP Lawyers<a href="https://www.cbp.com.au/People/Gary-Newton?utm_source=Mondaq&amp;utm_medium=syndication&amp;utm_campaign=author-bio-link"></a>, says the new clause 30 on electronic conveyancing sets out a mechanism for the party's representatives to confirm if it is proposed that the matter will proceed using electronic conveyancing and a mechanism for a party's representative to notify the other party that the matter will need to default to the paper environment, as well as the payment of fees and costs associated with that change.
The electronic conveyancing clause sets out:
<ul>
<li>How to go about creating the work space </li>
<li>How to populate the work space with data </li>
<li>How to send certain invitations to join the work space </li>
<li>Subsequent communications between the parties as they prepare for settlement </li>
<li>Time frames for the supply of adjustment figures, completion of a financial settlement schedule and digital signings of all things necessary for each settlement</li>
</ul>
Newton, who is the author of the new book Real Property Law (4th edition, 2014) and is the co-author and co-editor of a new book titled Annotated Conveyancing of Real Property Legislation in NSW, noted the new clause 30 on electronic conveyancing provides a default mechanism for the provision of settlement documents outside the work space if not otherwise agreed by the parties and sets out the consequences of the computer systems of the land registry, the Reserve Bank of Australia or the electronic platform being inoperative at the completion time.
"Finally, the electronic conveyancing clause provides for amendment of other clauses of the contract as necessary, for example clause 16 is amended such that the place for settlement becomes the work space," he advised.
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Contract changes that buyers and sellers of land in NSW should know about

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Peter Martin, the economics editor of The Age, says the Reserve Bank of Australia is stirring.
He was confidently advised the Reserve Bank board is considering cutting its cash rate when it next meets on 3 February next year.
"A cut isn't completely locked in and a lot can change in two months," he told his readers adding most of the arguments line up in favour of a cut.
"One is that a cut would boost the economy without stoking damaging inflation. 
"Another is that a cut would help bring down the dollar, which itself would boost the economy."
Martin maintains the "only cause for concern" was it might restoke an unsustainable real estate boom.
"The Bank has other measures in mind to deal with that including tougher lending standards for banks that lend to real estate investors," <a href="https://www.theage.com.au/business/comment-and-analysis/why-the-reserve-bank-is-poised-to-cut-interest-rates-20141203-11ziz8" target="_blank">he advised</a>.
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The Age economics editor says RBA considering February 2015 rate cut

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The TV presenter Penne Dennison has sold her three bedroom North Bondi home before its scheduled auction for $1.9 million.
There were<a href="https://www.realestateview.com.au/Real-Estate/13-patterson-street-north-bondi/Property-Details-buy-residential-7957088" target="_blank"> initial $1.9 million plus hopes</a> held by <a href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/293004" target="_blank">listing agent Ric Serrao of Raine &amp; Horne</a>.
The TV presenter has been a host on Foxtel’s Family Movie Channel.
The garden came with separate studio.
It was only bought in August last year at $1.81 million before its quick makeover.
The house prior to its renovation: 
<img src="/images/phocagallery/2014/12/north-bondi-dec-4/north%20bondi_0000_1.jpg.jpg">
<img src="/images/phocagallery/2014/12/north-bondi-dec-4/north%20bondi_0001_2.jpg.jpg">
<img src="/images/phocagallery/2014/12/north-bondi-dec-4/north%20bondi_0003_4.jpg.jpg">
<img src="/images/phocagallery/2014/12/north-bondi-dec-4/north%20bondi_0004_5.jpg.jpg">
<img src="/images/phocagallery/2014/12/north-bondi-dec-4/north%20bondi_0005_6.jpg.jpg">
 
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TV host Penne Dennison sells North Bondi home

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

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