Developed by Tian An LFD, Auburn Square boasts the ultimate liveability in the heart of western Sydney.

Designed by&nbsp;Rothelowman, the development&rsquo;s design provides perfectly considered spaces to deliver a sense of community, with facilities including an expansive rooftop, communal dining areas, outdoor fitness equipment, all while overlooking cityscape views.

Urban takes a look at eight reasons why Auburn Square should be on your shortlist.

[smartcode_project:default project_id=7317]

<h2>1. Developed by Tian An LFD</h2>

The project is being developed by Tian An LFD, one&nbsp;of Australia&rsquo;s oldest listed property developers.&nbsp; With a strong track record of quality residential development in key markets on the west and east coasts it is backed&nbsp;by the strength of its Hong Kong-listed shareholder, Tian An China Investments Company.

They have won a number of awards across numerous Sydney and Melbourne projects and remain one of the most sustainable real estate funds in the world.

<h2>2. Designed by the award-winning Rothelowman</h2>

Designed by Rothelowman the vision is to create a place that emphasized liveability and community spaces.

The award winning architecture and design firm has been involved in projects across Brisbane, Sydney and Melbourne.

<h2>3. Top level Rooftop amenities</h2>

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_roof.jpg" /></a>

The expansive rooftop provides a generous dining experience, outdoor fitness equipment, and impressive cityscape views just to name a few.

With an impressive communal rooftop garden, it is comes complete with BBQ areas so you can keep fit and enjoy yourself at the same time.

<h2>4. The Auburn Square Precinct&nbsp;</h2>

Auburn Square is setting a new benchmark for residential developments in Western Sydney, with the precinct design largely inspired by the nearby Auburn Botanical Gardens. It is home&nbsp;all aspects of life and family with lush green surrounds through the apartments, landscaping, retail precinct and public domain.

Auburn Square&rsquo;s 2,000 sqm of green space offers privacy and serenity for residents to enjoy with friends and family.

Auburn is a hub of connectivity situated in the geographical heart of Sydney. It offers great transport accessibility to business centres including Parramatta and the CBD. Walk to Auburn train station in 3 minutes or take Parramatta Road and the M4 motorway for direct and easy access further west or into the city.&nbsp;

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_facade.jpg" /></a>

<h2>5. The West Sydney housing market is on the rise</h2>

There is no end of demand from home buyers and investors who want to live in Sydney&rsquo;s gentrifying inner Western suburbs.

In fact Sydney as a whole in on the rise, having turned around from the coronavirus induced slump that occurred throughout much of 2020.

<h2>6. Affordable priced one, two and three bedroom apartments.</h2>

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_interior.jpg" /></a>

Home buyers can enjoy a one-bedroom, one-bathroom apartment in Auburn Square for as low as $505,000, or a two bedroom unit for $600,000,&nbsp;well&nbsp;below the $730,000 median apartment price for Sydney.&nbsp;

Also within a more than reasonable price range, three bedroom homes start at&nbsp;$837,000.

A number of economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine may super-charge even the national property market.

<h2>7. HomeBuilder Eligible </h2>

Auburn Square is one of the few Sydney developments eligible for the HomeBuilder Grant extension, potentially saving $15,000 for first home buyers.

<h2>8. Enjoy the view from your future home</h2>

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/auburn_balcony.jpg" /></a>

Holding expansive views toward the CBD and Sydney Olympic park the balconies present a strong case as well as a strong facade.

Developed by Tian An LFD, Auburn Square boasts the ultimate liveability in the heart of western Sydney.

jordan_55689

Eight reasons to consider an apartment in Sydney's Auburn Square

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EXPERT INSIGHT

Australia’s emerging build-to-rent sector is growing — “<a href="https://theurbandeveloper.com/articles/build-to-rent-boom">booming</a>” by some accounts with a <a href="https://www.cbre.com.au/about/media-center/australian-btr-pipeline-grows-by-70-in-one-year">70% jump in value in the past year</a>. Under this model, institutional investors develop purpose-built rental apartments to retain and operate under single ownership. In Australia, it will change how apartments are designed and developed, how we are housed and how our tenancies are managed.

With 40 projects under way, an <a href="https://www.cbre.com.au/about/media-center/australian-btr-pipeline-grows-by-70-in-one-year">estimated</a> 15,000 units worth more than A$10 billion are in the pipeline. Site availability has made Melbourne popular, with over 50% of the national market. Investors are active in Sydney, Perth and Queensland too.

Sought-after neighbourhoods are earmarked for large developments. Many have 300 or more units, most at market-rate rents.

Build-to-rent is new to our shores, but hardly uncharted territory abroad. In the UK, the sector expanded exponentially from 2013 with government support. It now accounts for <a href="https://assets.publishing.service.gov.uk/government/uploads/system/%20uploads/attachment_data/file/817037/FT1101_Trends_in_tenure.xlsx">one in five new homes built in England</a> and <a href="https://data.london.gov.uk/dataset/housing-london">one in four in London</a>.

In the US, the built-to-rent sector is relatively mature. It makes up almost two-thirds of the rental stock in many of the largest cities. Heavyweight corporate landlords operate <a href="https://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2020-top-managers-list/">as many as 400,000 units each</a>.

In Australia, we need more data and more informed public debate to guide tax, design, planning and tenancy reforms to secure the best possible urban and social outcomes from the build-to-rent expansion.

The build-to-rent promise

Build-to-rent presents an enticing vision. For households, it promises several things:

<ul>
<li>
	flexible long-term tenancies
	</li>
	<li>
	client-centric onsite management
	</li>
	<li>
	hotel-style amenities and services
	</li>
	<li>
	allowances for <a href="https://theconversation.com/can-i-have-a-pet-and-be-housed-too-it-all-depends-155202">pets</a> and personalisation, such as painting and decorating.
	</li>
</ul>
<figure class="align-center "> </figure>For cities, the model promises high-amenity, well-located, purpose-built rental apartments that cater to diverse and changing housing needs.

Proponents hail build-to-rent as a win-win. It’s seen as a salve for various housing woes, including concerns about housing <a href="https://www.ahuri.edu.au/__data/assets/pdf_file/0012/13242/AHURI-Final-Report-281-Housing-supply-responsiveness-in-Australia-distribution-drivers-and-institutional-settings.pdf">supply</a>, <a href="https://www.domain.com.au/news/housing-affordability-already-declining-across-the-nation-on-the-cusp-of-being-obliterated-1031061/">affordability</a>, the <a href="https://www.rentingcommissioner.vic.gov.au/the-rental-sector/key-issues">private rental sector</a> (including insecure tenancies and inexpert property and tenancy management) and <a href="https://theconversation.com/dealing-with-apartment-defects-a-how-to-guide-for-strata-owners-and-buyers-150292;%20https://theconversation.com/life-in-a-windowless-box-the-vertical-slums-of-melbourne-41181">apartment quality</a>.

Since the COVID-19 downturn, the model has been <a href="https://www.budget.vic.gov.au/place-call-home-victorias-big-housing-build">hailed</a> as an economic lifeline too: good for the construction sector, good for jobs.

Rise of a new asset class

For build-to-rent investors, the rental revenue returns appear relatively modest. Under current market conditions, however, secure margins and “lower (but) for longer” investment prospects appeal.

Advocates continue to push for <a href="https://urbis.com.au/insights-news/build-to-rent-stimulating-recovery-ensuring-resilience/;%20https://www.allens.com.au/globalassets/pdfs/campaigns/accelerating-build-to-rent-march19.pdf">tax reforms</a>. They point to a growing “<a href="https://info.propertycouncil.com.au/property-australia-blog/build-to-rent-growth-spurt-ahead">weight of capital</a>” awaiting more enticing returns. But many international <a href="https://theurbandeveloper.com/articles/oxford-gurner-move-on-melbourne-build-to-rent">build-to-rent behemoths</a>, superannuation/pension funds, private equity firms and real estate investment trusts are entering our private rental sector regardless.

Institutional investors’ entry into our rental sector contributes to a broader paradigm shift in urban housing systems dubbed the <a href="https://www.onlinelibrary.wiley.com/doi/abs/10.1111/1468-2427.12522">financialisation</a> of (rental) housing.

States have endorsed build-to-rent, improving its viability with <a href="https://theconversation.com/why-nsw-is-skewing-its-tax-system-toward-build-to-rent-apartments-and-away-from-mum-and-pop-landlords-143594">land tax concessions</a>, exemption from foreign investor surcharges, privileged planning pathways and pilot projects (e.g. <a href="https://www.treasury.qld.gov.au/programs-and-policies/build-to-rent-pilot-project/">in Queensland</a>). The federal government’s position has been more ambiguous.

Crucially, the rise of build-to-rent sets in motion two important structural shifts

<ol>
<li>
	institutionalising the private rental sector
	</li>
	<li>
	diversifying residential development models.
	</li>
</ol>
Historically, <a href="https://grattan.edu.au/wp-content/uploads/2018/03/901-Housing-affordability.pdf">small-portfolio “mum and dad” landlords</a> have owned and managed our rental stock. They are motivated by many of the same benefits (such as tax concessions and capital gains) and exposed to the same risks as owner-occupiers.

So we’ve had a high degree of integration between the private rental and owner-occupier sectors: few dwellings were purpose-built for renting and most homes were readily interchangeable between sectors.

Build to rent disrupts this integration. It replaces the fragmented ownership of apartment buildings under strata title laws with a single institutional owner.

Build to rent also diverges from familiar speculative build-to-sell development geared towards short-term profits. Its longer-term investment horizons give developers a new incentive to minimise a building’s running costs and to create apartments that appeal to and retain tenants.

So will it deliver?

Will build to rent provide high-quality, high-amenity, professionally managed rental homes? And at what scale, for how long, and at what costs to whom?

In the longer term, will this model disrupt the socio-political <a href="https://theconversation.com/three-reasons-the-government-promotes-home-ownership-for-older-australians-80200">twinning of home ownership and home</a>?

<hr>
Read more: <a href="https://theconversation.com/ideas-of-home-and-ownership-in-australia-might-explain-the-neglect-of-renters-rights-104849">Ideas of home and ownership in Australia might explain the neglect of renters’ rights</a> 

<hr>
Could build to rent be a catalyst for more progressive tenancy reforms, leading towards tenure neutrality/equality where ownership isn’t seen as automatically superior to renting?

These questions matter. <a href="https://www.aihw.gov.au/reports/australias-welfare/home-ownership-and-housing-tenure">One in three</a> Australian households now rent their housing. Some <a href="https://theconversation.com/retiree-home-ownership-is-about-to-plummet-soon-little-more-than-half-will-own-where-they-live-115255">argue</a> we’re headed for a “post-ownership” society in which most people rent their homes.

<figure class="align-center zoomable"><a href="https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img alt="chart showing changes in proportions of households by tenure type" sizes=" 600px) 600px, 237px" src="https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" srcset="https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=600&amp;h=384&amp;fit=crop&amp;dpr=1 600w, https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=600&amp;h=384&amp;fit=crop&amp;dpr=2 1200w, https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=600&amp;h=384&amp;fit=crop&amp;dpr=3 1800w, https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;h=483&amp;fit=crop&amp;dpr=1 754w, https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=754&amp;h=483&amp;fit=crop&amp;dpr=2 1508w, https://images.theconversation.com/files/388738/original/file-20210310-21-71surk.png?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=754&amp;h=483&amp;fit=crop&amp;dpr=3 2262w"></a>
</figure>Private rental was once a route to ownership. Now it’s a destination. Ownership has been delayed, become unattainable or been <a href="https://theconversation.com/i-wouldnt-want-to-buy-even-if-i-had-the-money-the-rise-of-renters-by-choice-130696">“traded off” for flexibility</a> and being able to live in desirable locations.

Tenants are also <a href="https://www.tandfonline.com/doi/abs/10.1080/14036096.2018.1467964">more diverse</a>. There are more lower-income and higher-income earners and more families than ever before.

Renters endure short leases on often <a href="https://theconversation.com/chilly-house-mouldy-rooms-heres-how-to-improve-low-income-renters-access-to-decent-housing-116749">poorly maintained</a> properties owned by a cottage industry of “mum and dad” landlords. Social housing options are few and far between in a sector that has been marginalised and <a href="https://www.propertyobserver.com.au/https://www.ahuri.edu.au/research/final-reports/108">residualised</a>. More renters, <a href="https://theconversation.com/australia-had-rent-control-in-wartime-war-on-coronavirus-demands-the-same-response-135694">uncapped rents</a>, <a href="https://theconversation.com/an-open-letter-on-rental-housing-reform-103825">weak tenant protections</a> and <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2021-02-24/wage-price-index-abs/13187102">stagnating wages</a> make for a toxic mix of <a href="https://theconversation.com/australia-had-rent-control-in-wartime-war-on-coronavirus-demands-the-same-response-135694">housing stress</a> and financial risk.

<hr>
Read more: <a href="https://theconversation.com/build-to-rent-could-be-the-missing-piece-of-the-affordable-housing-puzzle-82320">'Build to rent' could be the missing piece of the affordable housing puzzle</a> 

<hr>
Reasons to proceed with caution

We don’t have robust evidence to answer these questions, but limited evidence suggests caution is well advised.

In Australia, build-to-rent properties look set to attract rents of about <a href="https://www.afr.com/property/residential/rental-only-apartments-test-tenants-appetite-in-a-weak-market-20200804-p55iij">10-15% more</a> than comparable non-BTR housing, just <a href="https://www.colliers.com/en-gb/news/09-07-18-firm-evidence-that-build-to-rent-schemes-command-higher-rents">as they have in London</a>. Without government subsidies, market-rate BTR <a href="https://cityfutures.be.unsw.edu.au/documents/558/LCOM_0000_Build_to_Rent_Report_WEB.pdf">will not provide more affordable housing</a>.

Overseas, these rental premiums, alongside planning leniency (which reduced the affordable housing required of these developments), have been blamed for <a href="https://www.ft.com/2020living">poor outcomes</a>, such as residents being priced out of neighbourhoods they could once afford.

In Ireland, permissive planning concessions enable build-to-rent developers to circumvent design standards. This has <a href="https://www.gov.ie/en/publication/15f0b-design-standards-for-new-apartments-dsfna-2018/">raised concerns</a> that build-to-rent may deliver smaller, less diverse and lower-amenity housing (less storage, for example) than standard build-to-sell development.

In New South Wales, BTR developments <a href="https://www.treasury.nsw.gov.au/sites/default/files/2021-02/Treasurer%E2%80%99s%20Guidelines%20for%20the%20Reduction%20in%20Land%20Value%20for%20Certain%20Build-to-rent%20Properties%2C%20for%20Land%20Tax%20Purposes.pdf">cannot be subdivided for 15 years</a> (without clawback of land tax concessions). This ensures buildings remain in use as rental stock for that period. But what will happen after that?

<a href="https://theconversation.com/profiles/megan-nethercote-156060">Megan Nethercote</a>, ARC DECRA Fellow at the Centre for Urban Research, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>

This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/build-to-rent-surge-will-change-apartment-living-for-australians-but-for-better-or-worse-154839">original article</a>.
</body></html>

In Australia, we need more data and more informed public debate to guide tax, design, planning and tenancy reforms to secure the best possible outcome for build-to-rent

Build-to-rent surge will change apartment living for Australians but for better or worse?

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EXPERT INSIGHT

Among the many explanations put forward for <a href="https://www.9news.com.au/national/australia-first-home-buyers-priced-out-of-property-market-by-extreme-offers/d7de770f-c492-46fa-a774-bda0ea45718e">soaring home prices</a>, one we hear repeatedly is <a href="https://www.afr.com/policy/economy/zoning-rules-cost-home-buyers-a-fortune--and-itll-get-worse-says-rba-20180308-h0x6uh">zoning</a> — the regulations that govern the purposes for which land can be used, including how densely people can be housed in different locations.

The real estate industry says if only we <a href="https://udia.com.au/media-release/housing-affordability-woes-need-solutions/">relaxed the zoning rules</a> and allowed more houses and apartments to be built on each block, housing would be cheaper, maybe A$355,000 per unit cheaper if the <a href="https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-04.pdf">Reserve Bank</a> is right.

It’s a story as grounded in simplicity as it is (on the part of developers) in self-interest.

The simple story is that zoning regulations restrict development, restricted development means restricted supply of houses and apartments, and restricted supply means higher prices. Scrap the planning laws, the argument goes, and property developers will shower the market with housing, driving down prices.

So effective is the mantra it has become part of the official story in <a href="https://www.gov.uk/government/publications/fixing-our-broken-housing-market">Britain</a> and the <a href="https://bpr.berkeley.edu/2020/04/06/no-more-picket-fences-how-sb50-could-have-solved-the-california-housing-crisis/">United States</a>, and to <a href="https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-04.pdf">some extent</a> here.

What’s missing is evidence.

Studies which point the finger at the planning system almost universally fail to quantify the extent of housing permitted by planning regulations and how it has changed over time.

Rarely have changes in zoning been examined

Analysis by Australia’s <a href="https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-03.pdf">Reserve Bank</a> for example, treats zoning rules as though they exist in stasis; an ever-present yet spatially-varied regulation measured by whatever price remains once structure and land values are subtracted.

Our <a href="https://osf.io/zkt7v/">new research</a> fills the gap by measuring changes in zoning at the level of individual properties in greater Brisbane.

<figure class="align-right zoomable"><a href="https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img alt="" sizes=" 600px) 600px, 237px" src="https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" srcset="https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=600&amp;h=970&amp;fit=crop&amp;dpr=1 600w, https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=600&amp;h=970&amp;fit=crop&amp;dpr=2 1200w, https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=600&amp;h=970&amp;fit=crop&amp;dpr=3 1800w, https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;h=1219&amp;fit=crop&amp;dpr=1 754w, https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=754&amp;h=1219&amp;fit=crop&amp;dpr=2 1508w, https://images.theconversation.com/files/388744/original/file-20210310-20-synd5d.jpg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=754&amp;h=1219&amp;fit=crop&amp;dpr=3 2262w"></a>

<figcaption>The 19 Brisbane centres studied.
</figcaption></figure>We examined 20 years of changes to zoning, housing supply and prices across more than 25,000 sites in 19 major centres subject to <a href="https://www.propertyobserver.com.au/https://journals.sagepub.com/doi/full/10.1177/2399808320951583">repeated</a> zoning changes designed to encourage urban infill.

The centres had within them a wide variety of land use types (detached dwellings, medium-density dwellings, commercial and retail use, etc.) and housing densities. We reviewed and mapped historic and current rules to determine how the zoned capacity changed on each site.

We combined this with data on the changes in land use on each site, changes to the actual supply of dwellings, and property prices.

If the semi-official story was true, we would have expected increases in zoned capacity to lead to falling prices.

Our results show no such thing. Locations with increased zoned capacity for housing saw increased (not reduced) property prices. Across the selected sites, houses increased in value by a factor of three and apartments by 2.3 over the two decades studied, as they did elsewhere in Australia.

Weaker zoning, not weaker prices

During this time, the zoned capacity for housing at these locations doubled. But there was no rush to take up the increase in capacity.

The vast majority of sites (94%) were not developed within five years of the zoning changes.

Even after 20 years, 71% of the extra capacity remained unexploited.

We found evidence for an alternative story: that planning regulations permit development, but it is the market price that determines if and where development occurs.

Higher sales prices make development more feasible.

Under this story, developers select their sites, build, and sell in strong markets and wait or avoid selling when markets are weak.

This partly explains why locations with highest initial property prices were the <a href="https://www.tandfonline.com/doi/full/10.1080/08111146.2020.1792284">most likely</a> to be developed.

Like all good stories, the semi-official one contains an element of truth. If the planning system failed to allow for enough growth, it would almost certainly drive up prices.

Rarely is supply a problem

To avoid this, planning authorities go to <a href="https://planning.dsdmip.qld.gov.au/planning/better-planning/state-planning/regional-plans/seqrp/lsdm">great lengths</a> to ensure there is enough zoned capacity to cater for projected growth.

This is one reason why we <a href="https://osf.io/r925z">don’t have a housing supply problem</a>. Deregulating the planning system won’t change that, but nor will it ease price pressure.

What it will do is reduce the environmental and other benefits zoning provides, while continuing to allow developers to sell properties at times <a href="https://www.sciencedirect.com/science/article/pii/S1051137720300449">of their choosing</a>.

What is driving up house prices now has little to do with zoning, and it is happening worldwide.

Throughout the globe we have seen increases in easy access to cheap credit and tax regimes that encourage speculative property investment.

Unlike planning regulations, which vary hugely by location, these macroeconomic factors are common. They help explain why the housing affordability crisis transcends national boundaries.

It is the liberalisation of finance and the treatment of housing as an investment product that got us into this mess. Further liberalisation of planning regulations is unlikely to get us out.<img alt="The Conversation" height="1" jfhjlrx="" src="https://counter.theconversation.com/content/154482/count.gif?distributor=republish-lightbox-basic" width="1" yyupy4q2g="" z="">

<a href="https://theconversation.com/profiles/mark-limb-1185405">Mark Limb</a>, Lecturer in Urban and Regional Planning, <a href="https://theconversation.com/institutions/queensland-university-of-technology-847">Queensland University of Technology</a> and <a href="https://theconversation.com/profiles/cameron-murray-172480">Cameron Murray</a>, Research Fellow - Henry Halloran Trust, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a>

This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/zoning-isnt-to-blame-for-australias-soaring-house-prices-154482">original article</a>.
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Studies which point the finger at the planning system almost universally fail to quantify the extent of housing permitted by planning regulations and how it has changed over time

Zoning isn’t to blame for Australia’s soaring house prices

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The Urban Taskforce welcomed today’s announcement that the Government will adopt all 29 of the NSW Productivity Commission’s recommendations into infrastructure contributions (full list of the recommendations is over leaf).

This decision announced by Treasurer Dominic Perrottet and Minister for Planning Rob Stokes is very welcome news.  With JobKeeper about to end, the changes recommended by the NSW Productivity Commission will help stimulate investment in jobs in the property development and construction sector. The Government, through the NSW Productivity Commission, has consulted with all stakeholders, developed a plan and has now committed to its implementation in full.

This is a clear sign that the NSW Government has been listening to the concerns raised by the Urban Taskforce and our members regarding fees taxes and charges associated with local and state infrastructure.  There is much more to be done in planning reform, as the Productivity Commission’s Green Paper (a separate Review) makes clear, but today’s announcement represents strong progress.

<ul>
<li>Councils rate pegs will now be adjusted to take into account population growth – meaning Councils won’t be punished for approving the construction of new homes anymore.</li>
	<li>Councils and State Government agencies will be banned from gold-plating infrastructure at the expense of new home buyers by allowing IPART to set benchmark costs for infrastructure. Contribution plans will be set prior to the rezoning of land.  This will be a major change and will limit windfall profits from speculative landowners as all the fees and charges will be able to be factored into the purchase price.</li>
	<li>Infrastructure Contributions will not be paid until the new building is completed and ready for occupation. This is a major change from the current requirement to pay s.7.11 fees up front. This will free up cash-flow to get projects going.</li>
	<li>Broadening the tax base for “SIC” infrastructure levies which will apply to State Government (s.7.24) infrastructure so the burden is shifted away, to some extent, from new home buyers.</li>
	<li>Reducing the cost of water connections to new properties by restricting Water Service providers to charge only the actual cost of the connection.</li>
	<li>Improving the digital tools to allow for user friendly calculations for all Government fees and charges.</li>
	<li>Hold Councils accountable for the levies they collect and their expenditure on infrastructure. 
	 </li>
</ul>
Value capture will be actively curtailed and planning agreements will be limited to the recovery of infrastructure development costs that are directly associated with the proposed development.

There is more to be done to boost the number of approvals and relieve the current boom in new home prices – but this is a tremendous step in the right direction and just what the economy needed as we move out of the COVID-19 recession.
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The NSW Government will adopt all 29 of the NSW Productivity Commission’s recommendations into infrastructure contributions

NSW Government adopts every single productivity commission infrastructure recommendation: Urban Taskforce

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Whether entertaining or staying fit, outdoor areas are important to residents’ quality of life.

On-site outdoor areas do not only provide convenient access to landscaped gardens but help foster a sense of community between residents and increase home values.

Here are sixteen properties in Victoria with fantastic alfresco dining areas.

1. Moreville, Footscray 
Address: 12-18 Napier Street, Footscray VIC 3011 
Two-bedroom apartments from $595,000

[smartcode_project:default project_id=2060]

Designed by Moull Murray Architects, the six-storey building offers numerous amenities, including an al fresco coffee shop, rooftop residents’ lounge and barbeque terrace with views to the Melbourne city skyline.

2. Sandy Hill Penthouse, Sandringham 
Address: 222 Bay Road, Sandringham VIC 3191 
Three-bedroom penthouse from $1,950,000

[smartcode_project:default project_id=324]

Perched atop the ninth floor of the Master Builders Association award-winning complex, the three-bedroom penthouse is ideal for entertaining family and friends and includes a wrap-around terrace that boasts stunning views out to the bay, city and Dandenong Ranges. 

3. Luma, Sunshine North 
Address: 347 St Albans Road, Sunshine North VIC 3020 
Two-bedroom townhomes from $560,000

[smartcode_project:default project_id=27783]

Delivered by Development Victoria and designed by RobertsDay, Luma is a new masterplanned community with a collection of 300 townhomes.

4. Avenue, Brighton East 
Address: 14 Gleniffer Avenue, Brighton East VIC 3187 
Three-bedroom townhouses from $2,290,000

[smartcode_project:default project_id=29935]

Delivered by Skelton and designed by innovative architecture practice ADDARC, Avenue engages with Japanese-influenced charred timber and production-grade zinc to create a moody and modern home. The development features a lush private garden designed by renowned Jack Merlo.

5. Verre, Preston 
Address: 296 Plenty Road, Preston VIC 3072 
Three bedroom residences from $815,000

[smartcode_project:default project_id=7275]

Located in Melbourne’s Preston, Verre is the latest offering from Wolf&amp;Lamb. The Chamberlain Architects designed residences feature rooftop terrace offering a space to host friends or relax against the balcony.

6. Parkhill Apartments, West Melbourne 
Address: 408 Spencer Street, West Melbourne VIC 3003 
Two bedroom residences from $619,000

[smartcode_project:default project_id=27406]

Central Equity's latest development, Parkhill Apartments features both a rooftop gym and relaxing rooftop garden, complete with BBQs and outdoor seating, with views of the Melbourne skyline.

7. K1 Residences, Melbourne 
Address: 1 Union Street, Melbourne VIC 3004 
Four bedroom residences from $2,590,000

[smartcode_project:default project_id=2772]

Setting a new benchmark for luxury residences in Victoria, K1 Residences offers buyers the chance to secure a bespoke, whole-floor residence with panoramic views.

8. Hurstmon, Malvern East 
Address: 3 Hurstmon Street, Malvern East VIC 3145 
Two-bedroom apartments from $795,000

[smartcode_project:default project_id=4807]

Landreams Hurstmon, designed by Telha Clarke, is a 39 residence development surrounded by stately trees and lush, established gardens.

9. Folia, Doncaster 
Address: 59 Stables Circuit, Doncaster VIC 3108 
Two-bedroom apartments from $580,000

[smartcode_project:default project_id=22584]

Located within Mirvac’s masterplanned community, Tullamore, Folia provides over 100 apartments with idyllic parks and gardens.

10. Sky Garden, Glen Waverley 
Address: 227 Springvale Road, Glen Waverley VIC 3150 
Two-bedroom apartments from $668,000

[smartcode_project:default project_id=2881]

Developed by Golden Age, Sky Garden is the latest mixed-use development in Melbourne’s Glen Waverley. Its features include a sky garden, private cinema, gym, heated lap pool and private library.

11. Hawthorn Park, Hawthorn East 
Address: 33 Camberwell road, Hawthorn East VIC 3123 
Two-bedroom apartment from $670,000

[smartcode_project:default project_id=3730]

Behind the five buildings that make up Hawthorn Park are hidden garden vistas and abundant green space for dining outside.

12. Awaken, Brighton 
Address: 30-32 Roding Street, Brighton VIC 3186 
Two-bedroom apartments from $1,150,000

[smartcode_project:default project_id=30087]

Delivered by SKELTLON, the collection of 13 townhomes, designed by celebrated Melbourne architect, Travis Walton, feature spacious outdoor courtyards with plenty of space for alfresco dining.

13. The Fabric, Altona North 
Address: 188-198 Blackshaws Road, Altona North VIC 3025 
Two-bedroom apartment from $695,000

[smartcode_project:default project_id=22699]

Mirvac’s The Fabric delivers a vibrant masterplanned community with an emphasis on green spaces. The future Patchwork Park, designed for all ages, will be right outside your doorstep.

14. Tullamore Homes, Doncaster 
Address: 11 Heritage Boulevard, Doncaster VIC 3108 
Four-bedroom townhomes from $1,450,000

[smartcode_project:default project_id=22803]

Sharing the same space as Folia, mentioned earlier, Tullamore Homes benefits from the vast open space in a masterplanned community, accounting for more than 20 per cent of the estate.

15. Sixth Avenue, Chelsea Heights 
Address: 15 Sixth Avenue, Chelsea Heights VIC 3196 
Two-bedroom townhouses from $599,000

[smartcode_project:default project_id=32136]

Realise exceptional coastal living at Aultun Group's Sixth Avenue in sought-after Chelsea Heights, home to an endless array of retail, dining and recreational amenities as well as two-storey designs and expansive private courtyards.

16. Melbourne Square, Southbank 
Address: 93-119 Kavanagh Street, Southbank VIC 3006 
Two bedroom residences from $642,000

[smartcode_project:default project_id=2929]

OSK Property have recently launched a brand new boutique collection of homes at Melbourne Square. Amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.
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On-site outdoor areas do not only provide convenient access to landscaped gardens but help foster a sense of community between residents and increase home values

Autumnal alfresco dining: 16 homes in Victoria with the best outdoor dining facilities

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Over the past decade smart home technology including the likes of Alexa has been on the rise. However, even before we started adding AI assistants via external devices, a number of blue-ribbon houses and apartments were incorporating in-built assistance.

For example, automated climate control, entertainment devices and appliances. As well as automatic monitoring and adjusting devices to save energy.

Now hitting its stride in terms of cost efficiency and effectiveness, smart home technology is the latest and greatest way to optimise your home to match your living habits and to potentially save you money.

Bensons Property Group's Liberty One is the latest development to feature smart home technology at the fore.

[smartcode_project:default project_id=709]

The Footscray development comprises 350 one and two-bedroom apartments starting from an affordable $396,000.

Designed by CHT Architects, the functional design boasts floor-to-ceiling windows, open-plan living space and private balconies, as well as amenities including a residents’ lounge, gym and outdoor cinema.

Also featuring car parking across four basement levels, the development supported by 10 retail tenancies at ground level.

Cutting edge smart home features include a fully integrated system allowing for seamless control over your appliances through your phone or tablet as well as keyless entry. 

Also included is an integrated intercom to smartphone app. Surveillance and security for your home has never been easier.

<a href="/buildings/liberty-one-1-warde-street-footscray"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/liberty_one_outside.jpg"></a>

Located in the heart of Footscray's rapidly-evolving Joseph Road Precinct at 1 Warde Street, the building rises 24-storeys.

Before the end of March first home buyers can save upwards of $23,000 on a home in Liberty One

<h2>Other Developments Featuring Smart Home Technology:</h2>

[smartcode_project:default project_id=2929]

[smartcode_project:default project_id=3459]
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Bensons Property Group's Liberty One is the latest development paving the way with premium smart home technology

The rise of smart home technology in new Melbourne apartments

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EXPERT INSIGHT

Despite the pandemic, Australia is in the midst of a hugely competitive auction market. Sydney, in particular, is experiencing dizzying auction clearance rates and the Reserve Bank’s decision this week to keep interest rates extraordinarily low will no doubt keep auctioneers busy.

If you’ve ever taken part in an auction, you’ll know emotions can run high, and sometimes drive us to bid more than originally intended.

Our paper, published in the journal <a href="https://cognitiveresearchjournal.springeropen.com/articles/10.1186/s41235-020-00259-w">Cognitive Research: Principles and Implications</a>, found the way auctions are designed and run can vastly increase competitive arousal in bidders.

That’s obviously valuable information for sellers. But if you’re a buyer, the good news is there’s a lot you can do to ensure your competitive spirit doesn’t leave you with a bad case of buyer’s remorse.

To see just how far people were willing to go to win, we studied people’s behaviour in one of the most competitive bidding environments possible: a Dutch auction.

What is a Dutch auction?

<a href="https://www.investopedia.com/terms/d/dutchauction.asp">Dutch auctions</a> are a special auction format where the price starts unrealistically high and then comes down in increments and the first person to bid wins.

Originating in the Netherlands for the rapid sale of perishable goods such as flowers, these auctions are fast, exciting and ultra-competitive. Bidders put everything on the line with the timing of a single bid.

Bidders must trade-off between certainty and price: bid early to secure the item and you pay top dollar; bid later at a lower price and you risk losing to another bidder.

Dutch auctions run this way are not common in the <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2018-04-04/dutch-auctions-a-grey-area-in-real-estate-industry/9614392">Australian property market</a>, but by studying how people behave in them we can learn a bit about how competitive spirit influences decision-making in other settings.

A strong sense of competitive spirit may be a <a href="https://www.psychologytoday.com/us/comment/887180#comment-887180">human trait</a> honed by years of evolution, but in a heightened competitive environment you may become more willing to take risks you otherwise would not.

You might find your focus drifting toward a different (and possibly dangerous) form of motivation — the desire to win at all costs.

Burning through the budget

Our recent study looked at people’s bidding behaviours during a series of simulated Dutch auctions where we asked participants to imagine being managers of a warehouse.

They were asked to bid against their competitors to buy goods and fill up their warehouse, while staying within their allocated budget.

By bidding early, they stood a better chance of filling up their warehouse quickly but risked paying too much for the goods and running out of money before the warehouse was full. Wait too long and they risked losing the chance to buy stock at all, and watching it go into their competitors’ rapidly-filling warehouses.

In this tense environment, we found people were willing to sacrifice a better long term financial outcome for the sake of simply beating their competitors. In other words, they often burned through their budget too quickly just to “win”.

People initially made well placed and reasonably priced bids early in the auction series.

As the auctions continued, however, we watched participants place bids that unnecessarily, and perhaps irrationally, drained their budget for the sake of a short term victory.

Three ways to win without losing in the long term

Our study helps shed light on bidder behaviour in lots of markets, whether it is property, eBay, auction houses or any setting where the competitive spirit can take hold.

If you’re attending an auction, and don’t want to be a winner who loses in the long term, here are three ways to avoid falling victim to your own competitive spirit:

<ol>
<li>
	be aware that your decisions when in “competition mode” can push you past your budget. Separating the emotion from the decision can help minimise your risk of overspending.
	</li>
	<li>
	set your spending limit before you start and know when to stop. Our findings suggest that competition can easily drag us past that point. While winning is nice, it can also be a curse.
	</li>
	<li>
	give a friend your budget and have them bid for you. Beware their sporting nature, though; they might also be tempted by the thrill of victory.<img alt="The Conversation" eibjtljsu="" height="1" neutgmxam="" nh14kg3yh="" ns="" src="https://counter.theconversation.com/content/156371/count.gif?distributor=republish-lightbox-basic" width="1">
	</li>
</ol>
<a href="https://theconversation.com/profiles/murray-bennett-1207043">Murray Bennett</a>, PhD candidate, <a href="https://theconversation.com/institutions/university-of-newcastle-1060">University of Newcastle</a>

This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/why-the-competitive-spirit-can-take-over-in-auctions-and-how-you-can-stay-in-control-156371">original article</a>.
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Why the competitive spirit can take over in auctions and how to stay in control

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Charter Hall Group (Charter Hall or Group) has partnered with global real estate investor QuadReal, to acquire one of the largest remaining Brisbane CBD development sites, located within the heart of the North Quay renewal precinct.

This acquisition further extends the Charter Hall and QuadReal partnership following the 2019 $630 million acquisition of 201 Elizabeth Street, Sydney, by securing an underdeveloped site and providing optionality for two simultaneously submitted planning applications, which propose either a twin or single tower development.

Charter Hall Managing Director and Group CEO, Mr David Harrison, said “We are delighted to extend our relationship with QuadReal, one of Canada’s largest property groups."

QuadReal Head of Asia, Mr Peter Kim, said “Australia remains a key focus for QuadReal, and the North Quay investment is a direct product of the long-term strategic relationship we have with Charter Hall in that market."

Charter Hall has taken a flexible approach and lodged two Development Applications (DAs) with Brisbane City Council for 309 North Quay — a significant, 6,400sqm infill site located in the Roma Street Urban Renewal Priority Development Area. This development will further enhance the North Quay precinct of the CBD as it undergoes significant revitalisation. 

The proposed project, which comprises a DA for a single 50,000sqm commercial tower and a separate DA for two smaller commercial towers of 23,000 sqm &amp; 36,000 sqm each, will act as a catalyst for urban renewal of the surrounding sites, including Roma Street Station — Brisbane’s new ‘Grand Central Station’ made possible with Cross River Rail, Brisbane Metro and the proposed Brisbane Live the city’s new entertainment arena. 

The strategically positioned site and previous long-term home of Triple M and B105, is the gateway into the CBD from Coronation Drive, North Quay and the William Jolly Bridge, with uninterrupted views of the Brisbane River and a short walk to the city’s leading entertainment, dining and lifestyle precincts including Queen Street Mall, Suncorp Stadium, The Barracks, Roma Street Parklands, the Queensland Cultural Centre and South Bank.
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Charter Hall has acquired one of the largest remaining Brisbane CBD development sites, located within the heart of the North Quay renewal precinct

Charter Hall submits DAs for Brisbane CBD riverfront site

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Amid ongoing uncertainty in the global markets due to COVID-19 it remains low rates as usual for the RBA, who kept the official cash rate at 0.10 percent for another month.

Their recently released chart pack, which details figures from the world economy to Australia's financial figures, yielded interesting information about the Australian property situation

Private residential building approvals has continued to soar, up once again in February as seen below.

<img alt="" height="339" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rba_chart_1.jpg" width="407">

This trend continues to be driven by growth in the detached housing sector which can be attributed to the HomeBuilder grant among other government initiatives

<img alt="" height="357" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rba_chart_2.jpg" width="396">

There continues to be a gap between household consumption and disposable income.

A household's disposable income hadn't been higher than its consumption since 2014.

This is in sharp contrast to the current Covid-19 effected situation.

Housing price growth can be seen to have come out of a dip with APM recording the smallest falls as seen below. 

<img alt="" height="313" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rba_chart_3.jpg" width="401">

Residex and CoreLogic data showed that for the year to February home price growth near zeroed out.

Housing loan commitments continue to soar to new record highs, levels well beyond the 2015 and 2017 highs.

<img alt="" height="353" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rba_chart_4.jpg" width="393">

This trend is similarly driven by government initiatives with owner-occupiers rocking this trend up to $20 billion in commitments.

Investor's have also been investing further although clearly not to a similar level as many lack incentive in this current low supply, high demand market.
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Data showed that for the year to February home price growth near zeroed out, however a growth spike seems to be on the horizon

House prices hold steady and ready for turnaround: RBA 

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Whether entertaining or staying fit, outdoor areas are a vital part of residents’ quality of life.

On-site outdoor areas do not only provide convenient access to landscaped gardens but help foster a sense of community between residents and increase home values.

Dining alfresco is also a relaxing and refreshing way to enjoy a meal with friends family or solo.

Dine poolside or on you're balcony at one of these eight properties in Queensland with fantastic outdoor areas.

Urban has taken a look at eight of the best Queensland apartment developments with outdoor areas.

1. Chevron One, Surfers Paradise 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $705,000

[smartcode_project:default project_id=6515]

Bensons Property Group are developing Chevron One, a 41 level tower designed in collaboration with Marchese Partners and Byrns Lardner Landscape Architecture which is set to be Chevron Island's first high-rise.

The development has close to 2000 square metres of resort-style amenity, a 24-hour concierge service and 360-degree uninterrupted views that won't be built out. 

The project includes a Club One residents’ lounge, floating cinema, dining facilities and sculpted gardens.

Situated on Stanhill Drive, Chevron One is within walking distance to Thomas Drive cafes and retail shops, Home Of The Arts precinct, and the beach. 

2. Quay Waterfront Newstead 
Address: 57 Skyring Terrace, Newstead QLD 4006 
Two-bedroom apartments from $775,000

[smartcode_project:default project_id=90553]

Quay Waterfront Newstead by Mirvac is the latest in riverside living in Brisbane. Set in 5.5 ha of parklands, this biophilic tower weaves garden-green freshness up and around its apartments.

From the rooftop pool and cocktail garden down to the ground floor wellness centre, amenities both indoor and out abound.

One to three bedroom apartments make up a series of boutique neighbourhoods with just seven homes on each level. From level 20, three and four bedroom sky pavilions rise towards the rooftop. 

3. Cello, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
Two-bedroom apartments from $469,000

[smartcode_project:default project_id=28592]

CS Development Group's Cello Apartments, spanning across two striking towers comprises of a selection of one, two and three-bedroom homes, priced from as low as $349,000.

Residents will have access to resort-style facilities including a swimming pool, sauna and spa, a landscaped recreation area and a fully equipped gymnasium. There is also on-site library, or landscape rooftop observation deck providing further outdoor options.

Cello Apartments, set for completion in May is located just four kilometres from the Brisbane CBD.

4. Elegance, Mermaid Beach 
Address: 2605 Gold Coast Highway, Mermaid Beach QLD 4218 
Apartment prices available upon request

[smartcode_project:default project_id=6998]

Developed by United Investment Group, Elegance is the latest development in Mermaid Beach with a key focus on health and wellbeing flavour.

Comprising of two sky towers reaching 47 &amp; 49 levels with 522 apartments together with significant resident facilities, retail, restaurant and café precinct all architected by Raunik Design.

Each tower boasts a rooftop recreational level with BBQ and seating area, perfect for private resident parties or intimate yoga or meditation sessions.

Maximising the majestic views of the Pacific Ocean and Gold Coast hinterlands, Elegance delivers a lifestyle unlike anywhere else.

5. Koko Broadbeach 
Address: 12-14 Elizabeth Avenue, Broadbeach QLD 4218 
Two-bedroom apartments from $729,000

[smartcode_project:default project_id=6995]

The latest from Morris Property Group, Koko Broadbeach is a 99 residence tower comprising two and three bedroom apartments with sweeping ocean and hinterland views.

Dine poolside or on your balcony with a view located just metres away from the beach itself. The vibrant and connected development is just minutes from the Gold Coast’s walking and cycling paths, stunning beaches and world-class facilities.

Koko features modern fixtures, contemporary design and hotel-quality amenities, including a lap pool, lounges, modern gym facilities, private outdoor entertaining areas and gardens.

6. Mary Lane, Brisbane 
111 Mary Street, Brisbane QLD 4000 
Two-bedroom apartments from $735,000

[smartcode_project:default project_id=6229]

Sitting in the centre of Brisbane, Mary Lane offers 167 residences in one, two and three-bedroom configurations.

Perched above the Westin Hotel, residents will have access to private amenities, including a residents-only foyer, terrace pool, gym and function room.

Designed by Woods Bagot. Mary Lane’s elegant features, flawless finishes and ability to capture breathtaking views make it a desirable haven.

7. Maya Kirra Beach, Coolangatta 
Address: 1 Coyne Street, Coolangatta QLD 4225 
Four-bedroom apartments from $1,930,00

[smartcode_project:default project_id=21669]

Imbued with cool tones and a contemporary aesthetic, Spyre Group’s Maya Kirra Beach benefits from the abundant Gold Coast sunshine, the alluring coastline and the stunning ocean views.

The residence offers north-facing ocean views from generous balconies, a welcoming lobby, private residents’ dining and a resort-style pool and leisure area. Step outside to the resort-style pool and leisure area, complete with barbeque facilities, beach showers and bathrooms. 

Comprising just 15 units the spacious two and three-bedroom apartments extend over 9 light-filled levels. 

8. Midwater 
Address: 3496 Main Beach Parade, Main Beach QLD 4217 
Two-bedroom apartments from $849,000

[smartcode_project:default project_id=7356]

Live the latest in Heran Building Group's Midwater Main Beach designed by Cottee Parker Architects.

Spectacular residences are on offer with breathtaking sea views, stunning interior design and luxurious resort-style amenities. 

These include a beachfront infinity pool, smart home automation a fully equipped Well-Being Centre with Gym, outdoor Yoga, Steam &amp; Sauna Facilities plus a great selection of world-class amenities nearby.
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Whether entertaining or staying fit, outdoor areas are a vital part of residents’ quality of life

Outdoor dining at its finest: 8 of Queensland's best apartment terraces

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Jordan Fidler

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