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Residex's John Edwards forecasts annual price growth of around 4% for houses Australian-wide and 2% for units over the next five years.
These predictions are lower than what was forecast earlier in the year. 
"This is a consequence of the larger than expected rate of growth in the last 12 months and an increasingly unaffordable market," Edwards noted.
"However, these predictions are significantly lower than the average growth rates achieved over the last 20 years."
There are two markets in Australia that, in reality, set the pace for housing markets across the country – Sydney and Melbourne. He has Sydney leading with 4% annual growth over the next five years, with NSW Country capturing even stronger growth prospects.
"These two markets (Sydney and Melbourne) combined account for more than 50% of all dwellings in Australia," he added.
The data for the unit markets in Sydney and Melbourne is pointing to a future slowdown.
The capitals in the  resource states (Brisbane and Perth) are following a similar pattern to Sydney, however their growth cycle has been small and these assets are producing growth rates that contradict the hype about a ‘property bubble’ or ‘boom’.
<a href="https://www.switzerhomeloans.com.au/wp-content/uploads/2014/11/20141117-predictions.jpg"><img class="size-full wp-image-1614 aligncenter" src="https://www.switzerhomeloans.com.au/wp-content/uploads/2014/11/20141117-predictions.jpg" alt="20141117 - predictions" width="438" height="822"></a>
Source: <a href="https://www.residex.com.au/" target="_blank">Residex</a>/Onthehouse 
"In my view, housing markets are largely driven by consumer sentiment and the consumer sentiment index is a leading indicator of near-term future growth or activity in the markets," Edwards said.
"The September results indicate that, other than in Sydney and Melbourne, market performance is lacklustre."
He noted sales activity on a national basis, while higher than it has been since the first quarter of 2010, was still less than its peak achieved in July 2002 when annual sales were in the order of 572,000 dwellings.
"Take care with your property transactions and don’t over leverage – now is not the time to be excessively aggressive," he blogged on <a href="https://www.switzerhomeloans.com.au/propertymarketjohnedwards/" target="_blank" style="line-height: 1.3em;">Switzer Homes Loans</a>.
"Unaffordability has now reached a level where first home buyers are excluded from certain property markets. 
"The main central dwelling areas of capital cities are becoming the “home” of investors, who are providing rental accommodation for the younger population."
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jchancellor-FAypfDUnLy

NSW country to be strongest region for price growth: Residex

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NSW Fair Trading says property auctions should be conducted in English, but current laws do not prevent an auction being translated into a different language. 
The issued flared after a recent A Current Affair report on Melbourne auctions.
Auctioneer Robert Ding at Marshall White Boroondara was profiled on a report entitled 'Chinese buyers taking over the housing market', which focused on his dual-language talents during a house auction.
Ding thought the report was one sided.
“The auction footage had me talking in Mandarin but I was also translating it to English and vice-versa,” he told Real Estate Business.
David Scholes, founder and principal of auctionWORKS, does not have a problem with dual language auctioneers conducting auctions in another language in areas where offshore buyers predominate.
“As long as the auction is conducted primarily in English, and when I say primarily I mean completely in English with parts such as prices and relevant topics regarding terms and conditions being translated into other languages, then I don’t see why anyone would have a problem with it,” Scholes said.
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English language property auctions required in NSW

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The Frankston apartment of late football legend Tom Hafey has been listed with $250,000 plus hopes.
His widow Maureen has listed the two bedroom apartment, which is located 50 metres from the beach in Frankston.
The ground floor apartment has courtyards off each bedroom and access to the Kananook walking track.
The apartment at <a href="https://www.realestateview.com.au/Real-Estate/1-392-nepean-highway-frankston/Property-Details-buy-residential-7974762" target="_blank">1/392 Nepean Highway, Frankston</a> has been listed by Hockingstuart agent Aaron Froling for December 13 auction.
There was a $265,000 sale of a two bedroom 68 square metre ground floor apartment in August.
Tom Hafey, who died in May, aged 82, led the Richmond Tigers to four VFL premierships in the late 1960s and 70s.
Hafey was named coach of the Tigers' team of the century and in 1996 was a founding inductee into the Australian Football Hall of Fame.
He also coached Collingwood, Geelong and Sydney.
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Late AFL legend Tom Hafey's Frankston apartment for December auction

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Barrister and former Liberal politician Maurice Neil QC and his lawyer wife Natasha Goulden have listed their Spanish mission-style Double Bay residence, the Taj. 
The heritage listed property, built in 1934 by poulterer Albert Glazebrook, has $7 million plus hopes.
It last traded in 2003 for $4 million from the art dealer Marlene Antico.
Its subsequent renovation won the Woollahra Council Conservation Award in 2006. It comes with rare Max Le Verrier light fittings.
<a href="https://www.theblacketagency.com.au/property/doublebay/wistongardens/listing" target="_blank">The Blacket Agency's</a> Peter and Jacqueline Blacket have the 16 December auction in conjunction with <a href="https://www.goodyer.com.au/1P2742" target="_blank">Goodyer's Pauline Goodyer</a>.
The Wiston Garden house was built on the cul-de-sac in 1934 at a cost of £2,700.
In 2002 it was bought by art dealer Marlene Antico for $2.9 million late last year from corporate adviser Robert Crossman, who put it up for sale with still unimplemented, council-approved Howard Tanner renovation plans.
Crossman had paid $1,705,000 in 1997. 
Neil, born in Manchester, England, was elected to the House of Representatives  in the December 1975 as the Liberal member for St George, narrowly defeating Labor's Bill Morrison by 56 votes.
In the 1977 federal election he withstood a challenge from the previous member for Grayndler, Tony Whitlam, to retain St George.
Neil was defeated by Morrison in the 1980 election. 
Title Tattle gleans there are suggestive signs that Neil has bought in Darling Point where Blacket recently sold the home of the Chancellor of the University of Sydney Belinda Hutchinson AM, and her husband Roger Massy-Greene, chairman of state-owned Network NSW, for more than $7.5 million.
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The Taj, Double Bay listed with $7 million plus hopes

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The former Wallabies coach Ewen McKenzie and his wife, Sally McKenzie, sold their Coogee penthouse last weekend for about $2.3 million.
The four bedroom, three bathroom apartment had been bought off the plan in 2010 for $2,825,000. Settlement after construction of the two level apartment came in early 2012.
It failed to sell at auction in October last year, languishing unsold for the past year.
Its recent price guidance had been $2.6 million plus.
The <a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/coogee/?adid=2011492931&amp;sp=2">Coogee Bay Road</a> apartment has 385-square-metre space in a block of eight, which technically sits in Randwick, but is marketed as Coogee.
Title Tattle gleans it sold for $2,291,000.
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Former Wallabies coach Ewen McKenzie couldn't overcome 2010 surge price in Coogee resale

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Sales have been strong at the Cronulla Sharks' masterplan development of 600 apartments at Woolooware Bay.
Some 40 of the 50 apartments offered in The Pier sold on or before last Saturday's launch.
Prices started at $535,000 for the mix of one, two- and three bedroom waterfront apartments.
It took the total value of sales in the development to more than $32 million.
The Pier is the latest waterfront building within the Woolooware Bay project.
Sales were brought forward by around 12 months following stronger than expected sales of the first two stages where more than 400 apartments have sold.
Woolooware Bay is proving popular with Sutherland Shire locals, who have made up 95% of the buyers.  
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Woolooware Bay apartment sales schedule brought forward

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<a href="/news/castle-hill-trophy-home-sets-suburb-record-price-at-3-4-million">Castle Hill has a new record</a>, while the Glenhaven record is hoped to be set by restaurateurs Frank and Rima Criniti.
Petalinda, the 1.9 hectare estate last sold for a record in 2011 when $5.3 million was secured by Jennifer Grant, wife of construction boss Steve Grant, director of Capital Corporation.
Now $2 million of up-grades later, some $8.5 million is being sought through Mechlenne Douaihy, of <a href="https://www.mercrealestate.com.au/main.php?page=property&amp;pid=63" target="_blank">Merc Real Estate</a>.
The current record was set only in August two doors away at $5.6 million when construction industry boss Mark Taylor and his wife, Eleni, sold to Angela Symons, wife of house and land package developer Todd Symons, of Eden Brae Homes.
The Taylor's 1.2 hectare estate was bought in 2011 for $3,665,000 from construction and property developer Graeme Webb and his wife Pamela.
It had been built in 1999 tp a pavilion design by Heather Buttrose.
 
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Glenhaven record setter Petalinda returns with high hopes

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As was widely anticipated, the Federal Parliamentary committee into affordable housing and foreign investment has recommended lawyers, real estate agents and mortgage brokers who knowingly help offshore property buyers break foreign investment rules should face stiff new penalties.
It is among the 12 recommendations of a long-awaited parliamentary inquiry by the House Economics Committee that found foreign investment is not causing market distortions in the housing sector:
<ul>
<li>Recommendation 1</li>
</ul>
The Committee recommends that the current foreign investment framework applying to foreign purchases of residential real estate be retained in its current form, utilising the existing legislated prohibitions and restrictions on purchases of established dwellings, and encouraging foreign investment to increase Australia's supply of new housing.
<ul>
<li>Recommendation 2</li>
</ul>
The Committee recommends that the Foreign Investment Review Board and the Foreign Investment and Trade Policy Division of Treasury put in place appropriate processes for the purpose of audit, compliance and enforcement of the foreign investment framework. Such processes must accurately capture audit, compliance and enforcement data for the purpose of oversight of the Foreign Investment Review Board and the Treasury.
<ul>
<li>Recommendation 3</li>
</ul>
The Committee recommends that the Government apply a modest administrative fee to the current screening for all foreign purchases of residential real estate, including purchases by temporary residents.
Fees collected should be hypothecated to the Treasury's Foreign Investment and Trade Policy Division for the purpose of funding audit, compliance and enforcement activities.
<ul>
<li>Recommendation 4</li>
</ul>
The Committee recommends that the Government introduce a civil penalty regime for breaches of the foreign investment framework as it applies to residential real estate, with the following features:
n pecuniary penalty orders imposed under this penalty regime to be calculated as a percentage of the property value to act as an effective deterrent; and
n the regime to apply to foreign investors and any third party who knowingly assists a foreign investor to breach the framework.
Pecuniary penalty orders collected should be hypothecated to the Treasury's Foreign Investment and Trade Policy Division for the purpose of funding audit, compliance and enforcement activities.
<ul>
<li>Recommendation 5</li>
</ul>
The Committee recommends that the Government amend the Foreign Acquisitions and Takeovers Act 1975 to provide that the criminal penalties for breaching the foreign investment framework as it applies to residential real estate, apply equally to any third party who knowingly assists a foreign investor in residential real estate to breach the foreign investment framework.
<ul>
<li>Recommendation 6</li>
</ul>
The Committee recommends that in any instance where a foreign owner divests an illegally held established property, any capital gain from the sale of that property be retained by the Government.
Funds collected by this measure should be hypothecated to the Treasury's Foreign Investment and Trade Policy Division for the purpose of funding audit, compliance and enforcement activities.
<ul>
<li>Recommendation 7</li>
</ul>
The Committee recommends that Australia's Foreign Investment Policy be amended to explicitly require a temporary resident to divest an established property within three months if it ceases to be their primary residence.
<ul>
<li>Recommendation 8</li>
</ul>
The Committee recommends that the Government, in conjunction with the States and Territories, establish a national register of land title transfers that records the citizenship and residency status of all purchasers of Australian real estate. This information should be accessible by relevant agencies from a single database.
<ul>
<li>Recommendation 9</li>
</ul>
The Committee recommends that the Government establish an alert system for the expiry of temporary visas that can be used by the Treasury to issue property divestment orders in cases of non-compliance:
- By amending the Migration Act 1958 so that the Department of Immigration and Border Protection must inform FIRB when a temporary resident departs Australia upon expiry of their visa; and
- By establishing effective and timely internal processes at the Treasury to receive and cross-check this information against its property databases to screen for compliance with the foreign investment framework.
<ul>
<li>Recommendation 10</li>
</ul>
The Committee recommends that the Government amend the Foreign Acquisitions and Takeovers Act 1975 to provide that residential property sold under off-the-plan certificates that is marketed for sale overseas, must be marketed in Australia for the same period of time. Breaches of this requirement should be subject to sanctions under the Act ranging from fines to the cancellation of a sale.
<ul>
<li>Recommendation 11</li>
</ul>
In light of the expected finalisation of the statutory review of the Anti- Money Laundering and Counter-Terrorism Financing Act 2006 in early 2015, the Committee recommends that the Government consider the purchase of residential property by foreign investors as a possible area of investigation when considering amendments to the legislation.
<ul>
<li>Recommendation 12</li>
</ul>
The Committee recommends that Treasury's Foreign Investment and Trade Policy Division make greater use of the databases held by AUSTRAC, and also of other relevant Federal and State Government databases, to assist the Foreign Investment Review Board in its duties and responsibilities. 
The report of Kelly O'Dwyer's committee over six public hearings, and after considering more than 92 submissions, centred around four key findings.
First, there is no accurate or timely data that tracks foreign investment in residential real estate. No-one really knows how much foreign investment there is in residential real estate, nor where that investment comes from.
<ul>
<li>A national register of land title transfers that records the citizenship and residency status of all purchases of Australian real estate would fix this and would allow facts to be injected into discussions about foreign investment, rather than ‘best guestimates’. A national register would also help with compliance and enforcement with the foreign investment framework – allowing data to be compared easily.</li>
<li>Other relevant government information should also be captured and made available to FIRB. At present, FIRB cannot access data from the Department of Immigration and Border Protection on departing visa holders. Given the government has this information, this makes no sense.</li>
<li>Together, these initiatives would allow authorities to track departing visa holders who may have purchased an existing home but who, under current rules, need to sell that home within three months of leaving.</li>
</ul>
Second, there has been a significant failure of leadership at FIRB, which was unable to provide basic compliance information to the committee about its investigations and enforcement activity.
<ul>
<li>During the course of the inquiry, it came to light that no court action has been taken by FIRB since 2006. During the entire Rudd-Gillard-Rudd Government, not one divestment order was issued, which means not one government sale of illegally acquired property was made. This compares with 17 divestment orders between 2003 to 2007 when foreign investment in residential real estate was at much lower levels. FIRB was also unable to provide basic data on voluntary divestments.</li>
<li>It defies belief that there has been universal compliance with the foreign investment framework outlined above since 2007.</li>
<li>The systems failure at FIRB needs to be repaired; and new resources injected into FIRB to ensure better audit, compliance and enforcement outcomes.</li>
</ul>
Third, if you are not prepared to enforce the rules, then it is less likely that people will comply with the rules. This is especially true if the consequences of a breach are not meaningfully adverse.
<ul>
<li>The ability to sanction people who have breached the foreign investment framework more easily is critical. Hence the need to bring in a civil penalty regime for breaches of the foreign investment framework; along with the need to capture those people, who have previously stood outside the framework but materially impact the integrity of our foreign investment regime. For instance, third parties who knowingly assist foreign investors to breach the rules.</li>
<li>Currently, non-resident foreign investors can profit from the illegal purchase of property. Given this, the current financial penalty that can be applied to a property, regardless of its value, is seen by many as simply the ‘cost of doing business’. Fines and pecuniary penalty orders should directly relate to the value of the property concerned. Furthermore investors who breach the framework should not be able to profit.</li>
</ul>
Fourth, currently the Australian taxpayer foots the bill for the administration of FIRB and FITPD, not the foreign investors applying for approval. This has arguably contributed to underinvestment in FIRB’s audit, compliance and enforcement activities.
<ul>
<li>Just as other regulators adopt a user pays model, the committee recognises that a modest administration fee can be implemented to fund enhanced audit, compliance and enforcement capacity within FIRB, as well as other new measures outlined in the recommendations.</li>
<li>Parliamentary Budget Office analysis suggests that a modest application fee of $1,500 would generate revenue of $158.7 million over 4 years2, yet amount to 0.27% or 0.20% of the purchase price for an average home in Melbourne and Sydney respectively.</li>
</ul>
Source: <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/House/Economics/Foreign_investment_in_real_estate/Tabled_Reports" target="_blank">Federal Parliamentary committee into affordable housing and foreign investment</a>
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No surprises in Kelly O'Dwyer's 12 FIRB report recommendations

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The 1852 colonial homestead, Westbank at Sydney's Emy Plains has been listed for sale with offers sought above $1.78 million.
The property at 2-6 Nepean Street is marketed as "<a href="https://www.dukesestateagents.com.au/buying/NSW/Western-Sydney/Emu-Plains/House/1P1110" target="_blank">arguably one of Sydney's premier historical properties</a>".
Sandstone walls, exposed beams, pressed metal ceilings and stained glass inlays accompany its 12-foot ceilings. 
The purpose-built ground floor rooms can be used for commercial purposes.
Set on 2,268 square metres close to the Nepean River, Westbank has been listed by Craig Caughlan and Paul Dukes at Dukes Estate Agents.
The former farm cottage was originally on a larger parcel of land with orchard which extended to the Nepean River.
In recent years the property has been developed with additions at the rear.
{qtube vid:=dGFV7tGhrAo}
It has been listed by the gynaecologist Dr Roger McMaster-Fay, and his wife Gwen who paid $700,000 in the mid-1990s.
It was once the home of silent film actor Will Carter.
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Westbank the 1852 Emu Plains colonial listing

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Barry Henson, the former editor of Yachting Australia, has listed his Burraneer Bay home.
The four bedroom, four bathroom home was designed for the keen sailor.
Interest around $7 million is being sought by McGrath agent Steve Day for <a href="https://www.mcgrath.com.au/buy/house-burraneer-nsw-2230/245250/?searchID=44955106" target="_blank">2 Bulls Avenue West, Burraneer</a>, in conjunction with Cheryl Reen at unique Estates.
With views over Gunnamatta Bay, Alegria was designed as a luxurious Hawaiian-inspired resort style abode.
It is in a protected deep waterfront setting with a boathouse, mooring, jetty and pontoon, and deep draft for a large vessel.
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Yachtie's Burraneer Bay $7 million offering

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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