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An off-shore developer recently paid $7.2 million for a 1612-square-metre site in Doncaster, setting a new land record for the suburb. The site on 1027-1029 Doncaster Road had a square meter price of a whopping $4,467. How is it Doncaster along with other eastern suburbs such as Glen Waverley and Mt Waverley witnessed these crazy sales prices, and will the trend last through 2016?

Doncaster of course is relatively close to the city which makes it a very attractive place to commute from. The rising number of apartments along Tram Road and Doncaster Road has set a new trend for living for both the young and the downsizer market. Along with townhouse developments of varying densities, apartments are popping up everywhere along the main roads, generally in close proximity to activity centres.

The amount of foreign investment in Doncaster is significantly on the rise and most of the investment flows from China; these investment savvy land dragons are still keeping their eye on the area. As such Architeria Architects are designing more and more townhouse developments as well as apartments in the eastern suburbs as there seems to be an ever increasing demand for good architecture and great living in these areas.

Doncaster is also considered as a good location from a Feng Shui perspective as it is positioned high, looking down at the CBD. It is the 'Head of the Dragon' and with its close proximity to Box Hill and Westfield Shopping Centre, it's a very favourable place to invest and live in. No doubt that overseas demand has driven up property prices and homeowners in Doncaster have been enjoying gains, as have residents in Mt Waverley and Glen Waverley. These three suburbs along with Balwyn are the eastern suburbs most in demand.

Michael Morris, sales representative at Appleby Real Estate is in agreement that the eastern suburbs are rocking. For many years a market leader in the eastern and south eastern Melbourne metropolitan areas, Appleby Real Estate is well known and highly regarded, having regularly delivered its services to consecutive generations of local families and businesses.

Michael Morris took some time off his busy schedule to answer some of my questions regarding the real estate market in Melbourne's eastern suburbs and also my curiosity in relation to the future of apartment living in general.

How is the current market in the eastern suburbs compared to Melbourne in general?

We have seen strong growth Kate – Appleby’s is breaking records in our area and have not seen any decline. Suburbs such as Croydon, Bayswater, Boronia, and Ferntree Gully, for example, have been, and still are, affordable. So the slight slump in the overall market hasn’t impacted our local area because of continued demand.

Which suburbs do you see as the ones where prices are increasing?

Again, we are seeing steady growth in Croydon, Heathmont, Bayswater, Boronia and Ferntree Gully, because property is still affordable, which makes these areas popular for developers, investors and first home buyers. There is certainly money to be made in these suburbs.

There is a lot of talk about a bubble in the property market that may burst. What are your thoughts on this?

My thoughts are the same as they have always been, and what I have seen in my twenty years of living in this magnificent city; Melbourne is the most liveable city in the world with the best people in the world; 70,000 people move here every year. At any given time we are short some 7,000 homes for these families.

My first Burwood property was purchased for $180,000 in the late 90s which we thought was outrageous. We sold it ten years later for $770,000. It is now back on the market having been subdivided with plans and permits for a three level townhouse in the back for $1.6million.

So in an almost twenty year life cycle it has gone from $180,000 to $1,600,000. I have talked to couples who couldn’t believe paying 25K for their home in Blackburn thirty years ago. It is now worth $2,500,000. That’s Melbourne for you.

There was recently a sale in Doncaster where the price per square metre went beyond the $4,000 mark. Will we be expecting more crazy sales prices like this triggered by auctions?

Possibly. It all depends on the location and what you can do with it. Developers have their numbers figured out well and truly ahead of an auction. If it works for them financially they’ll pay whatever.

Chinese developers and investors are often blamed for prices rallying and there are worries that first time home buyers can’t afford to buy in to the market due to this. What are your thoughts on this?

Between APRA and the Federal Government I think we’ve seen more opportunities for first-time home buyers in the last couple of months. However, it is often these Chinese developers and investors that are creating the affordable first-time home purchases such as apartments, units and townhouses, for young individuals and couples to buy. If first-time home buyers purchased off the plan they would find very affordable housings purchases and save a lot of money in all markets.

Will Melbourne be following in the footsteps of other big cities in America and Europe where apartment living is dominating? With this I mean, do you think that the new generation of people and with the increasing migration, people may consider trading their backyards in to apartment living instead.

My first two homes in Melbourne were apartments, one in Southbank and then the other in South Melbourne, and I loved it! But after your third child you need a little more room to move. My wife and I plan on moving back to apartment living when our kids are grown. Coming from the San Francisco Bay Area I concur that apartment living has its benefits and will continue to grow in popularity with all generations and cultures.

With Melbourne’s public transport system, walk ways, bike paths and parks apartment living is truly enjoyable not to mention imperative for our sustainable growth. It is amazing to live in a city where car ownership is optional without diminishing your lifestyle. Apartment living is our future.

Who is the typical client looking for apartments in the Eastern Suburbs?

 We have such a diverse clientele: We have over three thousand landlords on our books who are always looking for their next investment property. We have mums and dads who are looking to downsize and would like an apartment that they can enjoy for themselves yet leave without concern as they travel the world.

We also have young singles and couples looking for their first home, not wanting to pay rent. The demand for quality projects is astounding and it is our experience that there is not enough supply currently to meet that demand.

What defines a good apartment?

I have seen excellent apartments and I have seen poorly designed apartments, and I have sold and lived in both. My advice to developers: Be generous with your floor plan in terms of size and you will sell more units, quicker.

Location is key but also considers vantage points. If one is going to live in an apartment, at least ensure it has a view. And if you can bring some pizazz to the foyer, common area, gym, pool, gardens, and make it truly exciting your owner-occupiers and tenants will be your best advertisers. As one successful builder once quipped; I don’t build anything I wouldn’t live in myself. We never get to market his product. It sells before we can.

It sure sounds like we have just touched the tip of the iceberg when it comes to apartments. The eastern suburbs will continue to grow, evolve and have more to offer its population. We at Architeria Architects are excited to be part of this continuous growth and contributing with our fresh design approach, creating great living.

Kate Gawi is the Co-Founder of Architeria Architects. Along with Principal Architect Mel Gawi they lead the team at <a href="http://www.architeria.com.au/">Architeria Architects</a> which has a rapidly expanding workbook of Melbourne projects.
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Kate Gawi

Apartments: the future of living in the eastern suburbs?

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Since the late 2000s there has been an exceptional rise in completions of high-rise apartments with most of them located in the CBD and inner city. To say that there has been a boom in apartment construction is to put it mildly; the number of skyscrapers and high rise buildings are changing the look of the Melbourne skyline.

According to a survey by City of Melbourne's “<a href="https://www.melbourne.vic.gov.au/BuildingandPlanning/FutureGrowth/Documents/future_living_discussion_paper.pdf">Future Living, City of Melbourne</a>,” the City of Melbourne's residential population since 2001 has approximately doubled to over 100,000 residents who are attracted to its services, conveniences, lifestyle, education and work opportunities. By 2031, it is estimated that an additional 42,000 homes will be built within the municipality to house an additional 80,000 people.

Besides catering for the increasing number of residents, the positive side effect of the boom is without doubt the amount of new jobs that are generated. According to the study students made up 48% of the population in 2006 and 42% of the population in 2012.

Dr Wilson, senior economist of the Domain Group states that "Melbourne's inner suburbs have the best prospects of growth because of the shortage of property there; particularly higher-density property and the aspiration of living in those areas." He states further that despite the high unemployment figures, the undersupply of inner-suburban housing - a market that is relatively immune to underperformance of the local economy - is expected to push prices growth above the city average.

The number of overseas investors, in particular Asian investors, has made it possible to change the look of the city in terms of higher density developments and high rise towers in a short period of time.

With the increasing number of tower approvals and high rise approvals in the inner city, there have been some concerns about the size of apartments and the design quality expressed by planners and architects as well as the public. There has been a predominance of one and two bedroom apartments with the number of three bedroom apartments in the minority, with percentages as low as five per cent or less. This makes it difficult for families to find apartments in the inner city. Not only have the number of apartments raised concerns, but also the size of them in that they tend to be on the smaller side.

These concerns create a reasonable challenge for architects and planners to solve. The importance of a well-designed high density development calls out for creativity; creating affordable apartments that allow for diverse needs via a well thought of design. Creativity is not necessarily limited to something that looks good but also means planning with thought and passion with the aim to satisfy both the needs of the residents as well as developers.

People should have the right to high living standards. As Melbourne has ranked as the world’s most liveable city four years in a row, the boom of high rise apartments should not compromise that title.

We believe that it is our responsibility as architects not only to create beautiful architecture, but to satisfy the needs of the residents. It should also be something that different stake holders and key people in the process should aim to work together to achieve. This would include investors, developers, planners and varying Government bodies and authorities.

Developing guidelines that work for the benefit of the city as a whole as well as for the individual is, in our opinion, a step forward when it comes to Urban Planning Schemes in Melbourne. The growth of Melbourne needs to be encouraged and the housing needs of increasing number of population need to be met.

Some of the most basic needs of human beings are the feeling of safety, sense of being a part of a bigger picture or a community and having the option of privacy. Most humans also have a very similar sense of beauty and aesthetics.

These are all design objectives that need to be taken in to consideration when creating high density living.

Research from the United Kingdom indicates that density may be less significant to resident satisfaction than the type of dwelling, the characteristics of the neighbourhood and the facilities and services provided within easy access from the home (London School of Economics and Political Science, 2002).

This could mean that walkways, court yards, open spaces and the layout of the apartments could have far more significance than thought.

It's fair to say that Melbourne's landscape is changing with the associated change in population, a mixture of development types has become more in demand than ever before. Additionally factors such as public transport, proximity to amenities and activities are the factors that will increasingly determine how we want to live.

We believe that the diversity in apartment types and layouts, combined with attractive community amenities is the right approach. Enhanced life styles can be achieved by offering recreational areas such as gymnasiums and swimming pool as a part of the design. Basement or underground car parks are another way of effective and safe design. Inner city living does not need to mean cramped living and compact could be synonymous to clever.

The use of assorted construction materials is not only vital in the perspectives of the aesthetics but can help creating sustainable living. Double glazed windows and cross ventilation for energy efficiency is one example.

Good design incorporates all different aspects of the residents needs and allows for diversity. We at Architeria Architects are up for the challenge and excited to be a part of building Melbourne, our liveable city through the coming years.

Kate Gawi is the Co-Founder of Architeria Architects and will be a semi-regular contributor on Apartments.com.au. Along with Principal Architect Mel Gawi they lead the team at <a href="http://www.architeria.com.au/">Architeria Architects</a> which has a rapidly expanding workbook of Melbourne projects.
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Delivering liveable high rise buildings: a challenge for Melbourne architects

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

Joel Robinson

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans

Bridgewell Capital and SLD Development seem to be bullish on the Killara apartment market, filing plans for a second new development next to the Killara Golf Club.

The new plans are for 79 apartments across an amalgamated 4,989 sqm site on Buckingham Road.&nbsp;The project has been designed by BKA Architecture and is being assessed under the NSW Government's Low and Mid-Rise Housing and Infill Affordable Housing reforms. It is just 300 metres from&nbsp;Killara train station.

The majority of the apartments are three-bedrooms (46), with 23 two-bedroom apartments, seven one-beds, and three four-bedroom apartments. 17 of the apartments&nbsp;are proposed as affordable housing, representing 15 per cent of the project's gross floor area, allowing the development to access additional floor space and height incentives available under the NSW Housing SEPP.

There will be 131 resident and visitor car spaces, and more than&nbsp;1,450 sqm of communal open space. Landscaped areas would account for approximately 45 per cent of the site.

<img alt="Killara" data-entity-type="file" data-entity-uuid="75ef5ef7-a53b-4932-a8f1-38f63169eec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%2011.04.00%E2%80%AFAM.png?VersionId=d_lG1A1StDaMQilljy25Fr8SF1BnAmKE" />

The site currently contains three detached dwellings and occupies a prominent position on the eastern side of Buckingham Road, with frontage to an area that has already begun transitioning towards higher-density housing. Existing apartment buildings of up to six storeys surround the site, while the Killara Golf Club forms its southern boundary.

The application has been lodged as a State Significant Development due to the affordable housing component and the scale of the project.

According to the design report, the proposal has been shaped by the area's evolving planning framework, which is encouraging greater housing density around transport infrastructure.

"The site sits along a growth area anticipated to undergo transformation in line with broader trends across New South Wales, driven by the implementation of the Low and Mid-Rise and Transport-Oriented Development State Housing Policies," the report states.

"Being within 800 metres walking distance to Killara Train Station, the project seeks to provide high-quality apartments designed for various family sizes, located in a vibrant landscaped setting."

The Upper North Shore suburb has become one of the most closely watched testing grounds for the NSW Government's housing reforms. A number of developers have moved quickly to consolidate sites around railway stations across suburbs including Killara, Lindfield, Gordon and Roseville, where the new planning settings are creating opportunities for apartment developments that would previously have been difficult to achieve.

The likes of Aqualand, Hyecorp, Holdmark and Vermont Property Group have projects in the region.

Bridgewell has several developments in the pipeline. Last September they submitted plans for <a href="https://www.apartments.com.au/news/nsw/bridgewell-capital-seeks-55-apartment-project-in-killara">55 new apartments</a> at&nbsp;23-25 Lorne Avenue in Killara, just the other side of Regimental Park from their new project. In May they filed for <a href="https://www.apartments.com.au/news/nsw/first-look-bridgewell-plots-120-apartments-and-childcare-centre-in-maroubra-town-centre">120 apartments in Maroubra</a>.

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First look: Bridgewell, SLD Development double down on Killara Golf Club

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

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Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Kate Gawi

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