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Universities across Australia are seeing a <a href="/news/monash-university-refreshes-its-20-year-campus-master-plans">rapid increase in student enrolments</a>, with <a href="https://internationaleducation.gov.au/research/International-Student-Data/Documents/MONTHLY%20SUMMARIES/2019/Nov%202019%20MonthlyInfographic.pdf">754,656 International student enrollments</a> documented since 2018. Such abundant growth has universities considering expanding and further developing their campus to accommodate demand. 

<a href="/">Apartments.com.au</a> has compiled a list of the top three Australian universities with the most future-focused building designs. 

<h2>$564m Victorian Heart Hospital at Monash University </h2>

Monash University has proposed to build a $564 million Victorian Heart Hospital on their Clayton campus adjacent to the Australian Synchrotron.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/photo_1_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png" rel="gallery-all" title="Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU"><img alt="" class="image-article-full-width-580px" height="434" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/photo_1_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png?itok=10FIUlGC" title="Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU" width="580"></a>

<figcaption>Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: <a href="https://architectureau.com/articles/new-vision-of-564m-victorian-heart-hospital/">ArchitectureAU</a></figcaption></figure>The hospital will be the <a href="https://www.vhhsba.vic.gov.au/health-infrastructure/victorian-heart-hospital">first Australian specialist cardiac hospital</a> providing holistic, patient-centred care, as well as research and education. The new Victorian Heart Hospital will also incorporate clinical cardiology services and research facilities to raise the profile of cardiovascular discovery, treatment and training.

Designed by Conrad Gargett and John Wardle Architects, the proposed development aims to reduce its carbon footprint, with the building being constructed using 90% of locally sourced materials. 

Inspired by the tree-lined university, the architectural design of the new building emphasizes the surrounding external native landscape of the campus, through light-filled interiors, internal gardens and energy-efficient heating and cooling systems. 

 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/photo_2_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png" rel="gallery-all" title="Photo 2: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/photo_2_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png?itok=o2ZkB6sD" title="Photo 2: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU" width="580"></a>

<figcaption>Photo 2: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: <a href="https://architectureau.com/articles/new-vision-of-564m-victorian-heart-hospital/">ArchitectureAU</a> </figcaption></figure>The design will also integrate principles of biophilic design in an effort to improve the health and wellbeing outcomes of patients. 

Once completed, the hospital will have the capacity to provide 2,150 cardiac surgeries per year, 108,000 consultations and outpatient appointments; and 13,500 cardiac laboratory procedures. The development will also include:

<ul>
<li>206 beds</li>
	<li>An emergency department</li>
	<li>Cardiac catheterization labs</li>
	<li>Specialist surgical and imaging facilities</li>
	<li>Telemedicine services for Victorian, interstate and international patients</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/photo_3_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png" rel="gallery-all" title="Photo 3: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU"><img alt="" class="image-article-full-width-580px" height="436" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/photo_3_-_victorian_heart_hospital_by_conrad_gargett_and_john_wardle_architects_in_joint_venture.png?itok=-srB7eV1" title="Photo 3: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: ArchitectureAU" width="580"></a>

<figcaption>Photo 3: Victorian Heart Hospital by Conrad Gargett and John Wardle Architects in a joint venture. Credit: <a href="https://architectureau.com/articles/new-vision-of-564m-victorian-heart-hospital/">ArchitectureAU</a>  </figcaption></figure>Excavation of the site began in 2019, with the hospital scheduled for completion in 2022

First large-scale timber building at Murdoch University 

Murdoch University in Perth has proposed to build the first large-scale timber building in Western Australia. 

Designed by Lyons Architecture in collaboration with Officer Woods, The Fulcrum Agency, Silver Thomas Hanley and Aspect Studios, the $105 million academia building will be constructed using locally sourced timber. 

The proposed building design follows a creative warehouse model which includes partitions for a flexible internal form, and, "will serve as an important entrance statement and further activate this key arrival point to the university campus", according to the <a href="https://www.melvillecity.com.au/CityOfMelville/media/melville-talks/documents/Murdoch-University-Development-Application-Planning-report.pdf">planning report</a> advertised by Melville Council. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/subject_building_-_murdoch_university_.png" rel="gallery-all" title="Subject Building - Murdoch University. Credit: Melville City"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/subject_building_-_murdoch_university_.png?itok=noa2lZmp" title="Subject Building - Murdoch University. Credit: Melville City" width="580"></a>

<figcaption>Subject Building - Murdoch University. Credit: <a href="https://www.melvillecity.com.au/CityOfMelville/media/melville-talks/documents/Murdoch-University-Development-Application-Planning-report.pdf">Melville City</a></figcaption></figure>The existing modernist architecture <a href="https://edsc.unimelb.edu.au/graduate-research/student-life/oculus/2016/ronald-jack-gus-ferguson-a-concrete-regionalism">designed by Gus Ferguson</a> consists of five campus buildings which will be demolished to free up the site for new development. 

The proposed design aims to develop a building identity that enhances the campus's low rise and landscaped environment. 

The four-story building will provide 15,000 square metres of learning space, informal study areas and academic workspaces to facilitate the university's anticipated increase student load. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/photo_-_lyons_.png" rel="gallery-all" title="Lyons. Credit: Lyons Architecture"><img alt="" class="image-article-full-width-580px" height="821" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/photo_-_lyons_.png?itok=8FMs6a6C" title="Lyons. Credit: Lyons Architecture" width="580"></a>

<figcaption>Lyons. Credit: <a href="http://www.lyonsarch.com.au/">Lyons Architecture</a></figcaption></figure>The building will also house the university's School of Business and Governance, as well as accommodate the latest contemporary teaching and learning spaces that are equivalent to the industry-leading standards and student expectations. 

Murdoch University also announced a design competition for its new environmental education centre in early January 2020. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/promenade_banksia_court_-_murdoch_university_.png" rel="gallery-all" title="Promenade &amp; Banksia Court. Credit: Melville City"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/promenade_banksia_court_-_murdoch_university_.png?itok=ERo9c_oU" title="Promenade &amp; Banksia Court. Credit: Melville City" width="580"></a>

<figcaption>Promenade &amp; Banksia Court. Credit: <a href="https://www.melvillecity.com.au/CityOfMelville/media/melville-talks/documents/Murdoch-University-Development-Application-Planning-report.pdf">Melville City</a></figcaption></figure>In early January 2020, Murdoch University announced that they were seeking expressions of interest for a design competition which would see a new environmental education centre take shape at its campus in Perth's south.

The centre will be built in memory of Harry Butler, the Australian environmental consultant and lecturer of biology and natural science, and will also receive $25 million in federal funding. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/harry_butler_with_five_million_year_old_mammal_fossils_in_the_cliff_face_on_barrow_island_.png" rel="gallery-all" title="Harry Butler with five million-year-old mammal fossils in the cliff face on Barrow Island. Credit: The West Australian"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/harry_butler_with_five_million_year_old_mammal_fossils_in_the_cliff_face_on_barrow_island_.png?itok=d87VcHYZ" title="Harry Butler with five million-year-old mammal fossils in the cliff face on Barrow Island. Credit: The West Australian" width="580"></a>

<figcaption>Harry Butler with five million-year-old mammal fossils in the cliff face on Barrow Island. Credit: <a href="https://thewest.com.au/news/wa/butler-opened-eyes-to-outback-ng-ya-133933">The West Australian</a></figcaption></figure>To be known as 'The Harry Butler Environmental Education Centre', Murdoch University proposes the building will unite design excellence, sustainability and innovative technological outcomes, as well as the 50,000-year historical, social and cultural importance of the area.

<blockquote>
“We support high-quality research in the co-existence of business (human endeavour) and biodiversity and are shaping the next generation of leaders in conservation and environmental management. Our research programs ensure the continuation of Harry Butler’s outstanding environmental outcomes, based on excellence in both scientific research and industry practice.” 
</blockquote>

Murdoch University

Entries into the competition are open to multidisciplinary teams that are led by an Australian architect. However, they must contain at least one architect registered in Western Australia.

The expressions of interest for the design competition can be lodged <a href="https://app.smartsheet.com/b/form/2a8ca79f69744af0a42d74fc9adbaf4e">here</a>. 

The winning design will be announced by mid-2020. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/indicative_scheme_for_the_harry_butler_environmental_education_centre_at_murdoch_university.png" rel="gallery-all" title="Indicative scheme for the Harry Butler Environmental Education Centre at Murdoch University. Credit: Murdoch University"><img alt="" class="image-article-full-width-580px" height="321" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/indicative_scheme_for_the_harry_butler_environmental_education_centre_at_murdoch_university.png?itok=exdEt-TA" title="Indicative scheme for the Harry Butler Environmental Education Centre at Murdoch University. Credit: Murdoch University" width="580"></a>

<figcaption>Indicative scheme for the Harry Butler Environmental Education Centre at Murdoch University. Credit: <a href="https://www.murdoch.edu.au/research/institutes-centres/harry-butler-institute">Murdoch University</a> </figcaption></figure>You can also read about more university developments in <a href="/news/victoria-university-announces-innovative-new-vocational-training-facility-targeting-melbourne-s-skill-shortages">Melbourne</a>, <a href="/news/mab-attracts-medical-professionals-to-its-university-hill-development">Epping</a> and <a href="/news/university-of-sydneys-highly-anticipated-social-sciences-building-by-architectus-opens-today">Sydney</a> and many others on the <a href="/news">Urban News</a>.
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Olivia Round

Three Australian universities with the most future-focused building designs

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The City of Onkaparinga has officially given property developer Greaton the green light to commence construction on their new 10-building luxury resort in McLaren Vale, 38 kilometres south of Adelaide. The development is a partnership between Greaton and sustainable wine purveyors Wirra Wirra, with plans to build a 33-key resort, situated amongst the Wirra Wirra vineyards.

Recent data from the South Australian Tourism Commission found that there were only 3% of overnight visitors to the Fleurieu Peninsula between 2018 to 2019, many of which were intrastate visitors. Greaton decided to embark on this ambitious project to drive an uplift in international tourism within the Fleurieu Peninsula region. 

<blockquote>
"This year, expenditure is forecast to increase to $509M*, so while growth in this market is expected, we are confident this resort will go some way to further increasing international visitation once completed. In addition, to further increase the appeal to overseas visitors, we are currently negotiating with an international wellness-oriented resort operator that runs some of the most renowned resorts and hotels around the world – we hope to be in a position to announce this partnership soon."
</blockquote>

Nicho Teng, Greaton Managing Director

*from $476 million between 2018-2019.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/wirra_wirra_walkway_view.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="253" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/wirra_wirra_walkway_view.jpg?itok=LIjeo4iy" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Wirra Wirra Managing Director, Andrew Kay, explains that the winery staff often hear from inbound tourism operators about the lack of premium accommodation offerings in the Fleurieu Peninsula region. 

<blockquote>
"We presented our hotel concept to potential suppliers at the 2019 Australian Tourism Exchange in Adelaide, and the response was overwhelmingly positive. They would book tomorrow if they could."
</blockquote>

Kay believes that the 5-star development will add significant value to the Peninsula and drive international awareness of the area. 

Blink Design Group has designed the approved plans for the spa resort, which also includes an infinity pool, function hall and the restoration of a heritage building, which previously belonged to the winery founder Robert Wigley.

<blockquote>
"The building is quite derelict, and the development provides the opportunity to give it a purposeful role into the future." 
</blockquote>

Andrew Kay, Wirra Wirra Managing Director

The heritage building is set to become a bookable luxury bridal suite once restorative works are complete. 

Construction is slated to begin in November this year, with completion anticipated for 2022. 
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Approval granted for a luxury 5-star resort project in Adelaide

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Discerning buyers will be pleased to learn that Volume Projects have launched a final release of homes at their latest Malvern East development. Situated in the thriving City of Stonnington, designed in collaboration with Melbourne's top visionaries, and built to a high standard, <a href="/developments/malvern-east-vic-3145">VOLUME</a> is so much more than just another apartment building.

The boutique residence features just 29 homes and includes 2, 3 and 4 bedroom configurations, starting at $674,000.

<h2>THE DESIGN</h2>

A fusion of collaborative work, saw an all-star team create the vision that VOLUME is today. 

<blockquote>
"The artistic alliance between Architects EAT, interior designer Adele Bates Design, landscape architect Jack Merlo, and scent artists Lyn Balzer and Tony Perkins has resulted in a design that is as beautiful as it is functional."
</blockquote>

Volume Projects

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-4f99957462990638fb3efcdc775ca2bd.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="348" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-4f99957462990638fb3efcdc775ca2bd.jpg?itok=JUQ4rVsj" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-200080b8437f7ac776043aa757c5fd69.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="527" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-200080b8437f7ac776043aa757c5fd69.jpg?itok=unhEwMWY" width="580"></a></figure>Architects EAT's striking architectural facade features curved tiles, which shimmer in the sunlight and reflect the neighbouring greenery. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-d6cd00f424001be03b69158386521f4b.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-d6cd00f424001be03b69158386521f4b.jpg?itok=1uQ6HhTx" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-b5346f5d6eb713cffe1b8c5deed77760.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-b5346f5d6eb713cffe1b8c5deed77760.jpg?itok=uaMP1cIi" width="580"></a></figure>The interiors by Adele Bates Design mimic Architects EAT's approach to seamless integration with nature, by opting for delicate tonal greys, soft stone textures and raw timber detailing. The balance of form, function and detail is evident in every aspect of the interiors at VOLUME Malvern East.

<blockquote>
"...It was a truly collaborative approach. Conversations flowed between the architect, landscape, ourselves [interior design] and the developer. It was really holistic in terms of the vision for the project."
</blockquote>

Adele Bates, Adele Bates Design 

The visual simplicity of the kitchens has been archived through the use of integrated appliances and storage, transforming the open-plan kitchen and living area into a multi-functional space to prepare food and entertain guests.

Meticulously crafted gardens by Jack Merlo Design give residents designated spaces to relax amongst nature and unwind in their home sanctuary. The gardens will effortlessly transition between seasons, thanks to Jack Merlo's considered, future-focused approach to garden design.

<blockquote>
"From the ground floor residences looking out to the beautiful courtyard garden spaces through to the upper levels looking out into tree canopies this project will truly reflect the changing seasons." 
</blockquote>

Jack Merlo, Director Jack Merlo Landscape Architecture

<h2>THE LOCATION</h2>

Further amplifying the high standard of living at VOLUME Malvern East is the accessibility of local amenities within walking distance. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-b277464f4bcd9e3cd4ee9ffc0e4420bd.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/volume-1009-1011-dandenong-road-malvern-east-b277464f4bcd9e3cd4ee9ffc0e4420bd.jpg?itok=DGOv-Fk7" width="580"></a></figure>Minutes from VOLUME is Carnegie Central, Monash University, Monash University Art Gallery, Chadstone Shopping Centre and many reputable schools within the area. 

Ardrie and Phoenix Parks are a popular option among residents, for alfresco picnics, recreation and relaxing, while dedicated cycle paths meander along Gardiner's Creek.

There is also a great selection of retail boutiques, supermarkets and eateries on offer.

<h2>THE DETAILS</h2>

Citi-Con is the assigned builder who will facilitate the construction of VOLUME Malvern East. These homes are the final release with incentives on offer for selected apartments, so interested buyers are encouraged to act quickly. To enquire about this project, reach out to the sales agent via <a href="/developments/malvern-east-vic-3145">Urban.com.au</a> today. 
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VOLUME Malvern East: The developer's final stage release

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Mayor of Stonnington, Councillor Steve Stefanopoulos, visited the Urban office to speak to Urban's CEO Mike Bird about new development planned for 2020, private investment and creation of a thriving community.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/eZkwN1Q1QJg" width="660"></iframe>

This interview follows Cr Steve Stefanopoulos' <a href="/guides/weekly-podcast-episode-31-city-of-stonnington-mayor-cr-steve-stefanopoulos">previous podcast with Laurence Dragomir</a> back in 2018 where they discussed '<a href="/news/the-changing-face-of-chapel-street-south-yarra">The Changing Face of Chapel Street</a>'.

Mike Bird: Hi I’m Mike Bird, the CEO of Apartments.com.au and today I am very fortunate to have Councillor Steve Stefanopoulos, the Mayor of Stonnington City, coming down to see us and have a chat to us about all things that are happening in Stonnington. Thank you so much for coming and joining us. 

Councillor Steve Stefanopoulos: My pleasure, it’s great to be here. It’s fantastic. I was delighted when I walked in here to see the setup and I was amazed at how many staff you have here. And I was saying to everyone how I feel old because everyone looks like under the age of 25 or at least under the age of 30. So that blew me away, I am very proud of you guys, well done. 

Mike Bird: Thanks so much, it means a lot for us, as a startup company to have the Mayor come and spend time with us and have a chat to us about, what are you thinking and how does that impact the people that both live in Stonnington and also the property developers looking at investing in the area. 

Councillor Steve Stefanopoulos: Excellent- Happy to.

Mike Bird: So tell me, what makes an LGA [Local Government Area] a great place to live?

Councillor Steve Stefanopoulos: Well for me it's about community, it’s all about, you know, how can you engage the community and build a great environment for them to live and work and play in. So it’s not just about peoples homes but it’s about peoples places where they can experience the environment around them interact with their friends, family, invite guests over and it’s also about business development, so we’re keen to ensure that people have the capacity to open businesses in the city of Stonnington, develop businesses, smart setups, whatever, it might be we’re here to help in those people too. 

Mike Bird: So with that in mind, what kind of role does the council have to play in there? 

Councillor Steve Stefanopoulos: So in terms of the City Of Stonnington, we’re delighted to partner with any property developer who’s out there, who can meet in the requirement of our municipalities. So at the moment, we’re looking for a great urban design, we’re looking for great apartment developments to be built in Stonnington, we’re also keen to see some hotel and especially some office development. And we’re seeing it come on board especially in the Chapel Street precinct but also in Toorak village as well. We’re seeing some great development there happening too. 

Mike Bird: Yeah, I think what we see in terms of with our audience data and also the feedback we get on projects, is that people find it quite tough to tell the difference between a developer that has been developing property for a long time and with a really experienced kind of team, and perhaps someones that’s less experienced. Do you guys find that as a challenge in council and how do you guys tackle that?  

Councillor Steve Stefanopoulos: Yeah, it’s interesting because we do have some new developers coming in trying to do new things, but we also have those been in the system and in the planning stage for a very long time. For us, it’s about managing community expectation and developers expectation, so there are planning regulations and rules that everyone needs to abide by and those who are coming in you may not understand that and we have constituency or residents or those who live in Stonnington who expect a high level of respect and they want to be consulted all the time. So for us that it’s about ensuring that communication channel is there constantly if there are issues they need to approach us, approach council, let us know what they are, we will try and resolve them. 

Mike Bird: Yeah, I think one of the key things is the whole thing that’s about transparency as you see it I think when developments are coming into a new area, there are so many different stakeholders whether it is the people that are the neighbours of the development the council you've got the developers themselves and then also the people that are considering moving in and I think what's really important is that everyone has an opportunity to have their voice heard because often there are going to be people that disagree with certain developments but they're also those people that really are excited to move into a new place so we think that it's you know, as I know the council does think it's really important that everyone has an opportunity to speak and have their voices heard and then proceed with what's best for the broader community.  

Councillor Steve Stefanopoulos: And that's definitely true but it's also important to ensure that when you do have a development becomes on board that they look about their neighbours to ensure that they are consulted that everyone is consulted throughout the entire process not just before and during but whilst the construction is occurring, listen to their neighbours to think you know how can we help you know them manage this construction process so they're not inconvenienced either at all or as little as possible. And what we do see is that when we do get development happening and they are respectful of their neighbours we do see an uplift in businesses because of course, you've got these men and women who are working on-site you need to go and eat and relax for a little while and then actually use the businesses in the precinct so for us that's a good thing. 

Mike Bird: Yeah, I thought just before we started rolling the camera we're talking about what you've been up to today and I thought it was just so interesting that you mentioned you were working within like a and a big kind of group sitting with a large audience but you're also calling one person who had some small thing outside their house. I thought it was just so cool. Would you mind sharing?

Councillor Steve Stefanopoulos: Yeah, the job varies so from day to day so one stage I could be you know with a large group of people taking a tour of the Malvern Town Hall to listen to a resident who's complaining about their bins not being collected or a portal-loo being set up in front of their home by a Water Authority or meeting someone who's coming from overseas who's going to a show of Chapel off Chapel venues. So it can vary from small community groups to major events that we are hosting what participating within Melbourne as well so it's great fun. 

Mike Bird: It's super cool. What projects are you working on what's the council doing to bring the high quality of living to the Stonnington residents?

Councillor Steve Stefanopoulos: So for us in the city of Stonnington, we're trying to ensure that we get some good quality development so we've just completed Prahran Square which is our largest ever Civic project it's about 65 - 60 million dollars which is great. We've just done or almost about to complete the new King Street Walk which is just opposite Prahran Town Hall on Chapel Street, redeveloped a street and closed it off to traffic and just pedestrianised that, that's almost completed.

Mike Bird: Cool.

Councillor Steve Stefanopoulos: We're about to open our brand new South Yarra maternal-child health centre so that's about a half a million dollar project in South Yarra. We're going to commence some new gravel Street works probably in the new year so in 2021 to the complete those works in gravel strip that we commenced about two years ago, where we narrowed the road why and the footpaths pedestrianised up a lot we also did the Grattan Gardens, we're looking at doing some more open space even around South Yarra, Prahan, we've done some works in Windsor at the moment spent about 3 or 4 million dollars in redeveloping some open space. We've acquired some new land in and around South Yarra and Prahan for additional open space. We're demolishing some existing council buildings that have gone to the end of their life especially in front of Chapel Off Chapel and the Princess Gardens to create some more open space. We're looking at a master plan for Prahan pool at the moment. Princes Close Children's Center [correction: Princes Close Childcare Centre], we're about to also do some works there and of course. Another major project at the moment is the Prahran Town Hall, so we've moved all our stuff out of the Prahran Town Hall centralizing them at Malvern which is great. We have the library there and customer service, we're about to close the entire town hall and spend over 30 million dollars on redeveloping restoring and creating a brand new community centre there and a new library so. 

Mike Bird: There's a lot!

Councillor Steve Stefanopoulos: There's a lot happening in Stonnington City we're doing ourselves.  

Mike Bird: That's amazing and so with all that in mind, there must be quite a bit of pressure coming through. What sort of pressures do you face? 

Councillor Steve Stefanopoulos: Well, this is all, in response to population growth so we're seeing about 4-5 thousand people who are going to be moving into mainly the western end of the City Of Stonningtonm that's around the chapel Street precinct over the next couple of years. So population growth is going to increase in and the demand for services are there, so hence why we're building more open space a new maternal-child health centre more children services, the Chapel Off Chapel Arts Precinct, the Prahran pool needs redevelopment the public realm so those streetscapes along Chapel Street, Gravel strip, Commercial Road, Toorak Road, they all need an upgrade and we're spending money on there because we're seeing a large increase in population and we're seeing some new businesses coming in so the new developments that are occurring with some more office spaces, also a cue to the demand but also the interest in more office development the precinct. 

Mike Bird: Very cool and so you know what the one that the private investment in the area because obviously, it sounds like the council's pretty busy and doing a lot how are you seeing the private investment landscape kind of playing out? 

Councillor Steve Stefanopoulos: What's great is that we're seeing up to now a billion dollars that's a billion dollars being spent in this present and I challenge any mayor across this across Melbourne across Australia to see outside a capital city of course if they can find me an area that a billion dollars is being spent and that's both government and private sectors. So I’ve said all the stuff that we're doing but in the private sector, we're seeing some new hotels going up in Toorak Road as we speak now. We have a 25,000 square metre office building at about 30 stories going up in Chapel Street, we have a proposed Hotel in South Yarra, we have some more office space going in the jam factory which we hope will start construction this year. So we have a huge amount of that commercial aspect going into the Chapel Street precinct we also have still some residential coming in as well so in Windsor we have a large about I think there are about 500 new apartments going into the precinct as we speak throughout Windsor, Prahran, and South Yarra. So it's not just in the South Yarra end, it is going through the entire precinct so it's a lot of construction that's happening.

Mike Bird: Yeah, so even Capital Grand and South Yarra, you know that's one of the kinds of largest developments in the country right now and certainly an amazing addition for South Yarra. 

Councillor Steve Stefanopoulos: Well Capital Grant is our tallest building outside the CBD and it's on the corner of Toorak Road in Chapel Street it has the largest David Jones food store that's just opened outside of the CBD which is fantastic and that's a great popular place at the moment of those residents. We're seeing some new cafes and restaurants, there'll be a gym that will open up in the next couple of months, so it is a great development lots of residents have moved in. It's almost complete at the top yeah so when those residents have moved into the lower levels and the retail is developing at the moment 

Mike Bird: And with all this, what's your message for people thinking of moving to Stonnington? Sound like there's plenty to like.

Councillor Steve Stefanopoulos: I say where else would you want to live but in the city of Stonnington, we have the great place we're close to the CBD lots of cafes, retail, bars, clubs are close to sporting precincts you can walk to the CBD lots of parks and open space and we have a great activity centre where. We're offering great initiative for new businesses to also open up in the Chapel Street precinct we have a new business concierge service where if you want to open a new business in the Chapel Street precinct or anywhere across the city of Stonnington and you want some assistance with that we can provide you with one-on-one connection with one of our staff from Stonnington and they will walk you through the process to open up your business from footpath training, to signage, to planning approval applications, to liquor licensing. whatever it might be we've got a service and staff there who will walk you through that process so if you want a new business and you want to open it up Chapel Street is where to go and at the moment we're seeing an upswing vacancy rates of now plateaued and so we're now seeing some new businesses opening up in Chapel Street and I would if I was to try and open up a business, I would come to Chapel Street right now.  

Mike Bird: Love it! We really appreciate you taking the time to come and see us, it's great to have the mayor of Stonnington to come on, you know a lot of startups, podcasts and video, so we're just super stoked. Steve, thank you so much.

Councillor Steve Stefanopoulos: Thank you very much. My pleasure. 

Mike Bird: For more videos subscribe and we'll have more coming up, see ya! 
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Urban's CEO chats to the Mayor of Stonnington about the council's plans for 2020

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Buying your first home can be both exciting and overwhelming – especially once the first mortgage bill comes through. However, for many buyers, the purchase of a property can be one of the most rewarding and valuable investments of their lives. If you've just bought your first property and are feeling nervous about the 20-30 year tenure of mortgage payments, we've compiled a simple guide with some tips that could help you to pay down your mortgage debt faster. 

From negotiating new home loan rates to using an offset account or using savvy budgeting techniques, here are 23 ways you could secure a mortgage-free lifestyle sooner. 

<h2>1. Purchase a home you can afford</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1141644755_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1141644755_0.jpg?itok=v0faBBD6" width="580"></a></figure>Look to <a href="/guides/how-much-should-you-spend-on-your-first-house-in-2020">purchase a home you can afford</a>, as often you'll be required to attain prequalification first. Prequalification means your bank will investigate your financial circumstances and determine <a href="/guides/how-much-can-i-borrow-for-a-new-home">the loan that is most suitable for you</a>. 

Some questions to help determine whether you’re eligible or ready to take on a home loan are: 

<ul>
<li>Will you be debt-free for three to six months?</li>
	<li>Are you able to provide a 5%-20% down payment?</li>
	<li>Can you afford to take out a 15-30 year fixed-rate loan?</li>
	<li>Is the home repayment 25% less than monthly take-home pay?</li>
	<li>Are you financially able to cover the fee moving expenses and leaving your current residence? </li>
	<li>Can you afford the ongoing maintenance and utility bills for this home?</li>
	<li>Do you have enough funds saved for any emergencies? </li>
</ul>
<h2>2. Consider refinancing your home loan</h2>

Renegotiating your current home loan rate with your mortgage lender, or shifting your home loan to a lender who offers a lower interest rate, may result in cost savings and could help reduce the tenure of your mortgage.

<h2>3. Consider an offset account</h2>

[smartcode_project:default project_id=7275]

An offset account is a savings or transaction account linked to a home loan account. The balance of the account is “offset” daily against the home loan balance, and therefore you are only charged interest on the difference between the total loan balance and the amount offset.

The money held within an offset account is not regarded as taxable income, as the account does not generate interest, which is beneficial for people who deposit large sums of money into the account.

Depositing money into the offset account with extra income from other sources of income such as bonuses and profits from investment can also help lower your interest repayments, as well as contribute to paying off your mortgage sooner. 

Depending on the lender the money within the offset account also can be withdrawn twice or more in a year with <a href="https://www.yourmortgage.com.au/home-loan-guide/redraw-facility-explained-with-tips-to-lower-your-mortgage/79077/">some lenders charging up to $50 per withdrawal</a>. 

<h2>4. Consider refinancing your home loan</h2>

Renegotiating your current home loan rate with your mortgage lender, or shifting your home loan to a lender who offers a lower interest rate, may result in cost savings and could help reduce the tenure of your mortgage.

<h2>4. Keep your credit card debts manageable </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-07_at_4.26.48_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="383" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-07_at_4.26.48_pm.png?itok=0n7kFOF7" width="580"></a></figure>Aim to clear your credit card of debt each month, as the interest rates on your credit cards and personal loans are often much higher than the interest rate on your home loan. When you pay on time, you avoid paying extra interest or late fees and also help keep your credit score healthy.

Personal Loan: A personal loan sits between a home loan and a credit card loan, and provides a faster and easier process than taking out a mortgage. Unlike a credit card loan, to access the personal loan, you are also required to sign a formal contract. 

Credit Card Rate: A credit card's interest rate is the price you pay for borrowing money. The interest rates, known as the annual percentage rate (APR) are stated as a yearly rate. With a credit card, paying interest on purchases can be avoided if the balance is paid in full each month by the due date. 

Hire Purchase: Hire purchase is an arrangement for buying expensive consumer goods, in which the buyer provides an initial down payment and pays the balance plus interest in instalments. Hire purchase agreements state that the ownership of the merchandise is not officially transferred to the buyer until all the payments have been made.

<h2>5. Split your loan </h2>

You may choose to split your loan in half, with a portion fixed, and the rest variable. 

A <a href="/guides/how-to-choose-the-right-home-loan">fixed-rate home loan</a> ensures your loan repayments are charged at the same interest rate for the length of your loan period. If the loan is not repaid by the end of the period and you choose not to enter another fixed-term contract, the rate is reverted to a variable interest rate. 

A <a href="/guides/how-to-choose-the-right-home-loan">variable interest rate</a> is a loan where the interest rate charged on the outstanding balance fluctuates as market interest rates change. 

To successfully split your loan in half you can contribute through fortnightly payments, a method which gives homeowners a sense of security as fixed payments will remain constant while variable payments will see interest rates rise and fall.  

<h2>6. Make repayments at a higher rate </h2>

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People that choose a loan which is set at the lowest interest rate available can add <a href="https://www.yourmortgage.com.au/home-loan-guide/24-ways-to-get-the-mortgage-monkey-off-your-back-faster/77843/">2-3 points to the repayment amount</a>. For some, this may not make a drastic difference to their bank balance. 

A good idea could be to align repayments with your pay cycle, prior to setting the amount you wish to repay each month. 

<h2>7. Research into smaller lenders as well as big banks</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_425326012_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_425326012_1.jpg?itok=xkgYwL2C" width="580"></a></figure>There was <a href="https://www.domain.com.au/money-markets/why-borrowers-are-turning-away-from-the-big-banks-863960/">a period in 2019</a> where homeowners were turning away from four major banks [in Australia] in favour of smaller lenders, as they provided more competitive rates. 

Small lenders have been found to sometimes compete more persistently for your business and provide more personalised service. These companies may also offer home loan options such as longer loan terms, lower ongoing fees and lower interest rates. 

<h2>8. Switch lenders </h2>

Finding a home loan at a lower rate can help you save money. However, always make sure to do your research before switching lenders or loans types. Always make sure to understand the rates and features of the loan, and don't be afraid to tell lenders the exact portion of your income you're prepared to allocate to mortgage repayments. 

<h2>9. Find a package deal </h2>

<a href="https://www.canstar.com.au/home-loans/packaged-home-loans/what-is-a-package/">Package deals</a> or package home loans combine home loans and financial products, which can provide fee waivers for a transaction or offset accounts. Sometimes banks may waive annual credit card fees, provide discounts on insurance, discounted or free financial planning sessions and even discounted share trading. 

<h2>10. Watch out for lenders who offer gifts </h2>

[smartcode_project:default project_id=6798]

Introductory rates are commonly referred to as ‘honeymoon rates’, as lenders can try to convince homeowners to select a lower rate for a period of 1-2 years. Although once the honeymoon period has ended or the lender switches to a high variable rate of interest, the person is expected to pay for a much larger rate over the next 20 years. 

Some lenders may also charge costly cancellation penalties for those who opt-out after utilising the honeymoon rates. Don’t be afraid to discontinue business with a lender who is no longer giving you the best service available. 

<h2>11. Portable loans can make moving house easier</h2>

The average home loan is between 25 to 30 years, which is why it is quite common for people to move house whilst still paying off a loan. If you decide to move houses, a portable loan on your existing house that carries to your new property, can save you the inconvenience of refinancing. However, you should be aware of the regulations around buying and selling homes, as there may be <a href="/guides/how-much-does-it-cost-to-sell-a-house-or-apartment">additional charges for the old house</a> and the <a href="/guides/top-10-hidden-costs-of-buying-a-house-or-apartment-in-2021">establishment for the new house</a>.

<h2>12. Pay all your mortgage fees and the charges upfront </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_701873641.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_701873641.jpg?itok=AzmNqrWE" width="580"></a></figure>When paying your mortgage fees upfront, it is sensible to pay with the money you already have, rather than borrowing money from the lender to pay fees and charges. 

<h2>13. Pay your first instalment before it's due</h2>

The first instalment of your home loan may not be due for a month after the settlement. If your lender allows, you may be able to pay your first instalment on the settlement date, which can secure your position ahead of the lender for the term of your loan. 

<h2>14. Pay off the principal</h2>

Every mortgage repayment you make attacks the capital which helps you pay a smaller amount of interest. <a href="/guides/how-to-choose-the-right-home-loan">You may want to avoid interest-only loans</a>, as paying interest on your loan for a set period may result in the principal amount being charged at a higher propensity interest-only period.

<h2>15. Use your equity</h2>

[smartcode_project:default project_id=4939]

Equity is the difference between the current value of your property and the amount you owe the lender. If you have already paid a percentage of your home loan, then you would have equity. Some lenders will allow you to borrow money using your equity as collateral. <a href="/guides/how-does-equity-work-in-property">Using equity to improve your property</a> also helps increase its value in the long run. 

<h2>16. Discover what you could be entitled to</h2>

Some lenders <a href="https://www.homeloanexperts.com.au/waived-lmi/">may offer discounts and special conditions</a> to those from specific professions, such as certified medical professionals. In these cases, a lender may waive or lend at a higher loan to value ratio before charging a Lenders Mortgage Insurance, which may provide you with a significant head start on paying off your loan.

<h2>17. Keep ahead of the game</h2>

Check the status of your <a href="/guides/how-to-choose-the-right-home-loan">home loan</a> each year, as well as new home loan offers that you could be applicable for. <a href="/guides/housing-market-effect-on-wealth">Keeping yourself knowledgeable</a> about this will help you to maintain a competitive mortgage rate, and avoid overpaying interest. 

<h2>18. Budget</h2>

When trying to save money, a budget is a good way to organise your finances, balancing your home loan repayments as well as household bills. This will also help determine how much disposable income you have left over.

<h2>19. Know how much you’re spending on luxury items</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_507639565_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="348" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_507639565_0.jpg?itok=_2hu2Qoo" width="580"></a></figure>Keep a budget so that you can identify what you spend most of your earnings on. Perhaps limiting dining at a restaurant or cafe to once a week, and instead, cook meals at home. Reducing your power usage, changing energy providers and upgrading your old appliances can be a great way to ensure your home is more energy-efficient, which will also result in lower power bills. Avoid purchasing low-quality items that are likely to need replacing. For more tips on how to save money, <a href="/guides/how-to-buy-a-house-in-2021-a-guide-for-first-time-home-buyers">check our article</a> about how you can save for a house deposit in a year. 

<h2>20. Using gifted money towards your loan</h2>

If you receive any bonuses at work, cash gifts or inheritance and you’ve opted for a variable interest rate, then you could consider allocating a portion of the amount for your mortgage payments. 

<h2>21. Rent out your home/spare rooms on Airbnb</h2>

<a href="/guides/breezybnb-chooses-urban-s-5-best-brisbane-apartments-for-airbnb">Listing your home on Airbnb</a> can be a great way to bring in some extra funds. Money earned from listing your home can also be put towards your loan repayment. Listing your home while you're away is also a great way to ensure your home is always occupied.

<h2>22. Use your tax refund</h2>

[smartcode_project:default project_id=22057]

Your tax refund can be a great way to make a bulk payment on your home loan. For those that choose to lease their home, the ongoing rental property cost <a href="/guides/18-ongoing-rental-property-costs-and-which-ones-are-tax-deductible">may be tax-deductible</a>.

<h2>23. Seek additional work</h2>

Working a second job if possible, is a great way to save money quickly. Look for work with flexible hours, or casual opportunities that will fit around your schedule.
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How to secure a mortgage-free lifestyle sooner

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ME Bank's latest quarterly report found that Australia's rising house prices are not deterring first home buyers, and instead buyer sentiment has flipped 180º. The surge of first home purchases is accelerating the increase in property values due to competition in the market. 

The report, conducted at the beginning of January, found that more than half (51%) first home buyer respondents are planning to buy property within the next 12 months. This confidence in the market is even despite 92% of all respondents agreeing that housing affordability is a big issue in Australia.

Urban's data further reinforces ME Bank's findings, with 45% of first home buyers making the most property enquiries over the December/January period, compared to next home buyers (39%) and investors (16%).

In November, <a href="/news/new-urban-data-shows-next-home-buyer-property-enquiries-overtake-first-home-buyer-interest">Urban reported</a> that Next Home Buyers were the most proactive in their property search; however, this sentiment has appeared to have shifted within the space of two months.

<h2>The innate fear of "missing out"</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_146162657.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_146162657.jpg?itok=O4SjbC4K" width="580"></a></figure>ME Bank's General Manager Andrew Bartolo explains that fear of missing out could be a potential reason for the sudden increase in first home buyers' uptake in residential property.

"The recent property price recovery has likely nudged first-home buyers to get in while they can – as though it's now or never – and has created a sense of FOMO," Bartolo says.

"<a href="/guides/how-australia-s-interest-rate-cuts-could-impact-first-home-buyers">Low-interest rates</a> and commentary in the market for the support of first-home buyers may have also contributed to an increase in home-buying intentions."

In November last year, there were even a number of first home buyers who <a href="/news/first-home-buyers-camp-overnight-to-secure-affordable-property-in-geelong">camped overnight to secure property</a> at Victoria's Halcyon Armstrong Creek, 84 kilometres from Melbourne's CBD.

<h2>Purchase with diligence (rather than haste) to be rewarded</h2>

Increased first home buyer competition is not an unexpected market change. We observed the same trend occur in both <a href="/news/new-urban-data-shows-next-home-buyer-property-enquiries-overtake-first-home-buyer-interest">2019</a> and <a href="https://www.corelogic.com.au/news/share-purchases-first-home-buyers-has-lifted">2018</a>, which goes to show the ebbs and flows of the tumultuous property market. While there is discussion across the market suggesting <a href="/guides/five-reasons-why-now-could-be-a-good-time-to-buy-off-the-plan">now is the best time to buy property</a>, many industry experts have weighed in on the importance of buyers purchasing property at a time that is right for them, rather than being tempted to race into a sale.

<blockquote>
"While it may be tempting to get into the market now before prices are predicted to keep rising, it's important to think long-term. Picking the peaks and troughs of the housing market is difficult - buy when it's right for you, at a price you can afford, and get advice from a professional."
</blockquote>

Andrew Bartolo, ME Bank General Manager

In addition to Andrew's advice, due diligence is a critical process when purchasing any property – and one that takes time. A decision made with haste could mean buyers neglect vital aspects of their due diligence research because of time constraints. 

<h2>Property seekers are looking for more variety of housing stock</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_500241331.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_500241331.jpg?itok=bOn2tP46" width="580"></a></figure>Buyer requirements are changing, providing an excellent opportunity for developers to think creatively about their future projects. According to ME Bank's report, almost 1 in 2 respondents identified a lack of choice available on the property market. This means buyers could be making sacrifices regarding their home and its location. Many first home buyers are <a href="/guides/overwhelming-sales-statistics-last-week-reveal-reinstated-confidence-in-the-off-the-plan-market">moving to the outer suburbs</a> of Australia's major cities due to housing affordability. 

Developers are encouraged to accommodate the burgeoning market with a broader range of apartment offerings and take a more future-focused approach. This could involve creating more flexibility and customisation within each floorplan, projects with a more sophisticated integration within the community, more practical amenities (worksheds, vegetable gardens, co-working spaces etc.) or even '<a href="/expert-insights/buying/rent-with-an-option-to-buy-the-housing-model-helping-first-home-buyers-into-the-property-market">rent with the option to buy</a>' developments.

It'll be interesting to watch how the next few months play out, and whether developers cater to the rapidly growing demand. 

If there's something you believe apartments are lacking that developers could include, let us know in the comments. 

<div class="rtecenter">Related articles</div>

<div class="rtecenter"><a href="/guides/2019/06/17/urbans-first-home-buyer-guide">First Home Buyer Guide (24 simple steps)</a></div>

<div class="rtecenter"><a href="/guides/how-to-navigate-australias-first-home-buyer-grants">How to navigate Australia's First Home Buyer Grants</a></div>

<div class="rtecenter"><a href="/guides/20-things-you-should-look-out-for-before-you-buy-property">20 things you should look out for before you buy property</a></div>
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First home buyers snap up property due to ‘fear of missing out’

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Nestled amongst the tranquil, leafy suburb of Armadale, you'll find the highly coveted new apartment development, <a href="/new-apartments/pavilion-on-the-park-1-sydney-street-armadale">Pavilion on the Park</a>. 

The north-facing homes on sale pose a rare opportunity for discerning buyers to secure a view that won't be built-out any time soon. Situated facing the protected parkland, Orrong Romanis Reserve, the residences offer spectacular park and city vistas, guaranteed for years to come.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-9ef9f2120ae5ada262bc53db8c411a23.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="370" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-9ef9f2120ae5ada262bc53db8c411a23.jpg?itok=e5pEkDiP" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure>THE RESIDENCES

For buyers seeking low-maintenance luxury, Pavilion on the Park is the perfect option. With exceptional architectural design by <a href="/architects/selwyn-blackstone-architects">Selwyn Blackstone Architects</a>, the impeccable attention to detail means that the individual design of each home is carefully considered and boasts refined sophisticated minimalism. Adorning the apartments are soft textures, sleek fittings and state-of-the-art appliances, creating effortlessly modern living areas with space to relax and unwind. For added convenience, Pavilion on the Park includes secure storage cages, ample bicycle storage and undercover car parking space.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-01fd9067e6574e10c7351096269173ec.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="315" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-01fd9067e6574e10c7351096269173ec.jpg?itok=FQuXtqw3" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-bcc05e2818e28b6494f26336dc9ac72b.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="464" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-bcc05e2818e28b6494f26336dc9ac72b.jpg?itok=b2eoJOmW" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-c7cc4e8e522055df3236ed6eb6af310c.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/pavilion-on-the-park-1-sydney-road-armadale-c7cc4e8e522055df3236ed6eb6af310c.jpg?itok=p7-gQFPi" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Generous floor-to-ceiling joinery captures the vistas of verdant parkland, and the illuminated urban skyline provides a spectacular backdrop of dazzling lights to view each evening. 

Residents can also enjoy alfresco dining on the apartment's spacious balcony, and relax amongst nature, with gardens meticulously designed by John Patrick Landscape Architects. Pavilion on the Park's vibrant planting includes flourishing greenery and mature trees to facilitate seamless integration within the surrounding parkland landscape. 

THE LOCATION

This unrivalled Armadale location offers buyers the opportunity to settle in Melbourne's coveted eastern suburbs, with an abundance of world-class amenity within walking distance. Just a short stroll to Toorak Station and frequent tram services will give residents access to the city in minutes. Pavilion on the Park is also set back from the hub of High Street/Chapel Street so residents can enjoy the bustle of the vibrant shopping and dining precinct, yet retreat back to their home sanctuary at any time. 

Interested to learn more about Pavilion on the Park? Reach out to the sales agent today via <a href="/new-apartments/pavilion-on-the-park-1-sydney-street-armadale">Urban.com.au</a>, and you could secure one of Armadale's most sought after properties on the market. 
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Armadale residence offers buyers a lifetime of parkland vistas

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An exciting new boutique terrace development is underway in Sydney’s bayside area of Botany. Comprising of 16 terraces, Montrose is a highly-coveted collection of residences that span two levels, with each home featuring three spacious bedrooms, and a selection of homes offering a luxurious integrated outdoor spa.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/montrose-21-23-daphne-street-botany-1693bcf8d41ea6f1d315b2b8fb802ed0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/montrose-21-23-daphne-street-botany-1693bcf8d41ea6f1d315b2b8fb802ed0.jpg?itok=qkgzIV_J" width="580"></a></figure><h2>The townhouses </h2>

Designed by <a href="/architects/antoniades-architects">Antoniades Architects</a>, the development seamlessly blends with the lush garden surrounds, with each home offering modern luxury living at its finest.

Each terrace will span two levels with both offering vast ceiling heights of 3.1 metres for an abundance of natural light and airflow in each room.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/montrose-21-23-daphne-street-botany-b7e7696f2bb8e75ee2e2159ea89aa383.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="341" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/montrose-21-23-daphne-street-botany-b7e7696f2bb8e75ee2e2159ea89aa383.jpg?itok=wj1MLylk" width="580"></a></figure>The terrace kitchens are complete with the latest fixtures and fittings including top-of-the-range Miele appliances, Caesarstone benchtops and splashbacks, double sinks with gooseneck mixers and elegant pendant lighting. Open-plan layouts cohesively unite the kitchen, dining and living spaces to create central hubs perfect for socialising, sharing meals and relaxing.

All homes have been designed with a light and dark scheme to choose from and are complemented with European oak flooring, and 100% wool carpets all bedrooms. Montrose’s bathrooms include soft-close drawers, discreet heated towel rails and large modern ceramic tiles, with ensuites featuring luxurious freestanding baths and expansive double vanities.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/montrose-21-23-daphne-street-botany-e082f3b20c283b7561a548c6726375f7.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/montrose-21-23-daphne-street-botany-e082f3b20c283b7561a548c6726375f7.jpg?itok=6oQtwfuT" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/montrose-21-23-daphne-street-botany-a365c8747b62ebea170955caac30a31c.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/montrose-21-23-daphne-street-botany-a365c8747b62ebea170955caac30a31c.jpg?itok=8YdaUaTC" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/montrose-21-23-daphne-street-botany-8688f8715da68923eb1eb60b016e4d10.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="436" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/montrose-21-23-daphne-street-botany-8688f8715da68923eb1eb60b016e4d10.jpg?itok=wErmYHxb" width="580"></a></figure><h2>The location</h2>

In the heart of Botany and surrounded by leafy streetscapes, Montrose is walking distance to public transport, parks and cafes, and only a short drive to the airport, Westfield Eastgardens and some of Sydney’s best beaches.

Priced from $1,800,000 and slated for completion by July 2021, buyers can move in within the next year. Montrose delivers next-level luxury and offers residents a carefree, low-maintenance lifestyle. For an exclusive tour of the display suite, contact the sales agent today.
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Sydney bayside living: Discover Botany's latest townhouse development

Brisbane is showing signs of some remarkable plans for the future, with a long list of&nbsp;skyscraper projects on the cards. In late 2019, the city welcomed the highly anticipated <a href="/buildings/brisbane-skytower-222-margaret-street-brisbane">Brisbane Skytower</a>, which topped out at an impressive 274 metres. However, the tower&rsquo;s height is unlikely to be surpassed any time soon, due to a few contending projects falling through or facing planning roadblocks. The reason for the lack of competition when it comes to height is due to the Brisbane Airport radar shadowing restriction, which limits towers to 274 metres &ndash; posing a challenge for developers&nbsp;wishing to exceed this height.

Despite the restriction, Brisbane is showing an upward trajectory of skyscraper development, with eight exciting&nbsp;new projects in the pipeline for the next few years.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/6548114-3x2-940x627.jpg" rel="gallery-all" title="Credit: ABC"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/6548114-3x2-940x627.jpg?itok=rPf32h2-" title="Credit: ABC" width="580" /></a>

<figcaption>Brisbane in 1931. Credit: <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2015-06-29/history-of-brisbanes-story-bridge-ahead-of-75th-birthday/6537080">ABC</a></figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aerial-view-of-brisbane.jpg" rel="gallery-all" title="Credit: Probono Australia"><img alt="" class="image-article-full-width-580px" height="283" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aerial-view-of-brisbane.jpg?itok=3icKuIYN" title="Credit: Probono Australia" width="580" /></a>

<figcaption>Recent image of Brisbane, sourced 2018. Credit: <a href="https://probonoaustralia.com.au/news/2018/05/bleak-future-without-urgent-action-brisbane-renters-margins/">Probono Australia</a></figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/future-brisbane-river.jpg" rel="gallery-all" title="Credit: Urbis"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/future-brisbane-river.jpg?itok=EfxTmWzM" title="Credit: Urbis" width="580" /></a>

<figcaption>Future vision for Brisbane by Urbis. Credit: <a href="https://urbis.com.au/insights-news/future-brisbane-aim-high-and-dream-big/">Urbis</a></figcaption>
</figure>

For those who want to learn more about what&rsquo;s in store for Brisbane, here is a list of proposed towers.

<h2>1. 30 Albert Street (274m)</h2>

Location: 30 Albert Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/30-albert-street_cox-architects4.jpg" rel="gallery-all" title="30 Albert Street. Image credit: Cox Architecture."><img alt="" class="image-article-full-width-580px" height="871" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/30-albert-street_cox-architects4.jpg?itok=-S8j663d" title="30 Albert Street. Image credit: Cox Architecture." width="580" /></a>

<figcaption>30 Albert Street. Image credit: Cox Architects</figcaption>
</figure>

The tower set to be delivered at 30 Albert Street by international developer World Class Land has encountered an obstacle, after discovering that the development could interfere with the Cross River Rail underground tunnel beneath the project site. 30 Albert Street has already undergone a significant design change in 2016, replacing the original green glass facade with blue and gold glass. It is not yet known when construction is likely to commence; however, you can track any project updates here.

[smartcode_project:default project_id=6231]

<h2>2. The One (264m)</h2>

Location: 272-318 George Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-01-23_at_3.04.22_pm.png" rel="gallery-all" title="The One. Image Credit: The Urban Developer"><img alt="" class="image-article-full-width-580px" height="378" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-01-23_at_3.04.22_pm.png?itok=IQwCY8oe" title="The One. Image Credit: The Urban Developer" width="580" /></a>

<figcaption>The One. Image credit: <a href="https://theurbandeveloper.com/articles/brisbanes-skyline-set-to-reach-new-heights-with-4-skyscrapers-planned">The Urban Developer</a></figcaption>
</figure>

The One is a new luxury residential development located within the master-planned Brisbane Quarter precinct. With plans originally proposed back in 2013, the project is well on its way towards a slated completion of 2020 and is currently over half-built. Located within the heart of the city, The One boasts stunning river and city views, and excellent access to world-class amenities and public transport.

[smartcode_project:default project_id=13254]

<h2>3. Queen&rsquo;s Tower (250m)</h2>

Location: 545 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image-2_545-queen-st-evening-view-683x1024.jpg" rel="gallery-all" title="Queen's Tower. Image credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image-2_545-queen-st-evening-view-683x1024.jpg?itok=gbE_J6pE" title="Queen's Tower. Image credit: Woods Bagot" width="580" /></a>

<figcaption>Queen&#39;s Tower. Image credit: <a href="https://brisbanedevelopment.com/76-storey-queens-tower-proposed-for-545-queen-street/">Woods Bagot</a></figcaption>
</figure>

While the original residential tower concept is no longer going ahead, there is still a chance for the new owners to utilise old plans or pursue a project of similar size. The initial Queen&#39;s Tower was architecturally designed by Woods Bagot, with two curved glass panels juxtaposed with slender flat planes, creating a changeable fa&ccedil;ade when viewed from different angles across the city. The striking 76-storey building will deliver 891 luxury residences, 100 serviced apartments and 2,500 square metres of dedicated retail and commercial space. Queen&#39;s Tower occupies an island site surrounded by Queen, Adelaide and Macrossan Streets.

<h2>4. Queen&rsquo;s Wharf Tower 4 (231.1m)</h2>

Followed by Queen&rsquo;s Wharf Tower 1 (190m), Queen&rsquo;s Wharf Tower 5 (180m), Queen&rsquo;s Wharf Tower 6 (160m)

Location: Queens Wharf

<figure><img alt="" class="image-article_full_width_580px" height="383" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-01-23_at_3.19.50_pm.png?itok=3w7OlNX6" title="Queen's Wharf. Image credit: Cottee Parker Architects." width="580" />

<figcaption>Queen&#39;s Wharf. Image credit: Cottee Parker Architects.</figcaption>
</figure>

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/so9P32V_oyA" width="660"></iframe>

The exciting new Queen&rsquo;s Wharf mixed-use precinct features four buildings &ndash; and will make an impactful debut on the city of Brisbane once complete in 2022. With design and master planning led by Cottee Parker Architects and Jerde Partnership, the development features a carefully considered range of architecturally designed public spaces, including a highly anticipated Sky Deck, rooftop moonlight cinema and River Arena. Queen&rsquo;s Wharf will also welcome five new premium hotels, 50 restaurants and bars, ballrooms, function spaces, the new Queensland Hotel and Hospitality School and 12 football fields worth of public event space.

[smartcode_project:default project_id=13276]

<h2>5. 360 Queen Street (200m)</h2>

Location: 360 and 370 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/360-queen-st-tower.jpg" rel="gallery-all" title="360 Queen Street. Image credit: Blight Rayner"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/360-queen-st-tower.jpg?itok=Cb1AL1RR" title="360 Queen Street. Image credit: Blight Rayner" width="580" /></a>

<figcaption>360 Queen Street. Image credit: <a href="https://blightrayner.com.au/portfolio_page/360-queen-street/">Blight Rayner</a></figcaption>
</figure>

Planned for a prominent Queen Street site, is a nature-focused 40 storey mixed-use precinct, designed by Blight Rayner. The tower will feature thriving laneway retail, a public piazza and several skyparks for the public to enjoy. In addition to the multitude of mature trees and vertical greening throughout the development, 360 Queen Street is also striving for many environmental ratings:

<ul>
	<li>5 Star NABERS Energy Base Building Rating</li>
	<li>WELL Core and Shell Gold Certification</li>
	<li>5 Star Green Star Design</li>
	<li>As-Built Rating</li>
</ul>

[smartcode_project:default project_id=8229]

<h2>6. 195-199 Elizabeth Street (196m)</h2>

Location: 195-199 Elizabeth Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/twe-elizabethstreettower-01-1100x550-c-center.png" rel="gallery-all" title="Elizabeth Street tower. Image credit: Rothelowman/The Weekend Edition"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/twe-elizabethstreettower-01-1100x550-c-center.png?itok=CMR1HXy9" title="Elizabeth Street tower. Image credit: Rothelowman/The Weekend Edition" width="580" /></a>

<figcaption>Elizabeth Street tower. Image credit: Rothelowman/<a href="https://theweekendedition.com.au/design/elizabeth-street-tower/">The Weekend Edition</a></figcaption>
</figure>

A new 60-level tower has been planned for Elizabeth Street and will feature 248 one, two and three-bedroom apartments. The initial design by renowned architect Rothelowman was proposed in 2015 and featured a spectacular curved form to offer expansive viewpoints of the city below. The first five floors of the tower feature a large void which maximises the Buildings that Breathe concept, while ground-floor planting will aim to revitalise the streetscape. We have not heard any updates about whether this project will be commencing yet.

<h2>7.&nbsp;443 Queen Street (183.7m) </h2>

Location: 443 Queen Street

<figure><a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane"><img alt="" class="image-article_full_width_580px" height="998" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/cbus9504_443-queen-st-from-supplied-model_e02_hero_from_queen_street_e02_bris-22-800x1377.jpg?itok=FPDnqE5O" title="443 Queen Street. Image credit: Architectus/WOHA" width="580" /></a>

<figcaption>443 Queen Street. Image credit: Architectus/WOHA</figcaption>
</figure>

A collaborative project between Architectus and WOHA has led to an exciting new design for the 443 Queen Street site. The development is one of Australia&rsquo;s first buildings set to achieve a Generosity Index of 80 and Green Plot ratio of 197%. It embraces sub-tropical living with a carefully curated selection of native plants, cascading vertical gardens and mature trees, give this skyscraper a distinct point of difference. In <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">August&nbsp;last year</a>, we reported that the podium and first five floors were already&nbsp;under construction, so it&#39;ll be interesting to watch this development take shape throughout 2020.

[smartcode_project:default project_id=6226]

<h2>8. 500 George Street (179m)</h2>

Location: 500 George Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/external1-1.jpg" rel="gallery-all" title="500 George Street. Image credit: Cottee Parker Architects/Brisbane Development"><img alt="" class="image-article-full-width-580px" height="991" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/external1-1.jpg?itok=sa59YMZw" title="500 George Street. Image credit: Cottee Parker Architects/Brisbane Development" width="580" /></a>

<figcaption>500 George Street. Image credit: Cottee Parker Architects/<a href="https://brisbanedevelopment.com/500-george-street-gets-new-design/">Brisbane Development</a></figcaption>
</figure>

A 60-storey residential tower with a striking black and gold fa&ccedil;ade has been planned for 500 George Street. Architect Cottee Parker has delicately integrated the existing heritage King George Chambers buildings with the modern new skyscraper. The building will feature 144 serviced apartments, student accommodation and 248 apartments. As far as we&#39;re aware, there has been no progress made on this development due to an issue surrounding easement access for construction. However, keep an eye on Urban for future updates.

<h2>Discarded projects</h2>

No.1 Brisbane 274.3m

Location: 217-235A George Street and 52-58 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/no-1-brisbane-from-brisbane-square.jpg" rel="gallery-all" title="No. 1 Brisbane. Image credit: Blight Rayner"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/no-1-brisbane-from-brisbane-square.jpg?itok=dRyANAyl" title="No. 1 Brisbane. Image credit: Blight Rayner" width="580" /></a>

<figcaption>No. 1 Brisbane. Image credit: <a href="https://blightrayner.com.au/portfolio_page/no-1-brisbane/">Blight Rayner</a></figcaption>
</figure>

Brisbane City Council approved the proposed 81-storey residential tower in 2017, however, was purchased by Charter Hall with no plans to commence construction on the approved plans as of yet. The tower would have&nbsp;become Brisbane&rsquo;s tallest residential tower to date and showcase the work of Blight Rayner Architecture with its dazzling cylindrical form and protruding balconies. No.1 Brisbane has been specifically designed to activate the adjoining laneway &ndash; Burnett Lane &ndash; which is a central feature of Brisbane City Council&rsquo;s Vibrant Laneways revitalisation scheme.

The development features 200 less car parking spaces than standard requirement as a means to promote public transport use within the CBD.

[smartcode_project:default project_id=8881]

240 Margaret Street (274m)

The previously planned A 91-storey residential tower was a collaborative project between Aspial Corporation and World Class Land, with design by Cox Rayner Architects. Situated next to Brisbane Skytower, 240 Margaret Street would have featured 783 apartments.

[smartcode_project:default project_id=6227]

155-171 Edward Street (274m)

ASX-listed developer Dexus has recently acquired a prime site in Brisbane&rsquo;s CBD from Aria Property Group. The 171 Edward Street site comes with approved plans for an 81-storey residential tower with retail and 642 apartments.

[smartcode_project:default project_id=95841]

Brisbane Square Tower 2 (170.7m)

Location: 266 George Street

In October 2018, the development application for Brisbane Square Tower 2 was withdrawn due to planning constraints, a year after submission. Set to become the second tower for Brisbane Square, the $450 million project would have featured&nbsp;43,824 square metres of commercial space and be the fourth largest commercial tower in Brisbane, standing at 36-stories high. Designed by Blight Rayner Architecture, The tower was designed by Blight Rayner Architecture and&nbsp;appeared to be suspended off the ground, with elongated structural pillars at street level, making way for an accessible civic square. Brisbane Square Tower 2 was&nbsp;also on track&nbsp;towards achieving a 6 Star Green Star Rating, with a range of environmental initiatives incorporated into the design.&nbsp;

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<div class="rtecenter">&nbsp;</div>

<div>[smartcode_project:default project_id=24767]</div>

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<div>[smartcode_project:default project_id=6257]</div>

Brisbane's 8 future tallest skyscrapers

<html><body>
In 2017, Melbourne-based architects Joseph Toscano and Dino Pezzutti acquired the prominent Collingwood site at 93 Wellington Street, with a goal of catering to market demand for spacious 3-bedroom homes. With a vision in mind, they founded <a href="/developers/duke-ventures">Duke Ventures</a> and embarked on their $11 million residential development, Duke Apartments.

Fast-forward to today, the team have commenced construction on the luxury project, and have released an exclusive selection of lavish full-floor apartments for sale. 

<h2>The Duke Apartments residences</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-f0ac0ddc5e631a9ca9cbd15da42ab7bb.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="445" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-f0ac0ddc5e631a9ca9cbd15da42ab7bb.jpg?itok=2kXxSHdo" width="580"></a></figure>Duke Apartments feature nine three-bedroom palatial homes, which boast 2.8-metre stylish concrete ceilings, elegant parquetry flooring and range in size from 158-185 square metres, with each home featuring an expansive balcony.

Natural flow-through ventilation throughout each apartment lowers the reliance on mechanical cooling systems, significantly reducing electricity bills and promoting resident health and wellbeing. A VRV air-conditioning unit is also included within each home to compliment the natural airflow, ensuring optimum thermal control and heat distribution year-round.

All residences include exclusive access to a private elevator and personal lobby, providing residents with the perfect transition from the <a href="/developments/collingwood-vic-3066">thriving bustle of Collingwood</a>, into their calm home sanctuaries. <a href="/architects/dp-toscano">DP Toscano Architects</a> have carefully considered the layout of each space within the homes, making allowances for special features including spacious “study nooks”, lavish butler’s pantries and large open-plan living and dining areas.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-94e2fddb388949deadbb462acb7d84d6.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="483" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-94e2fddb388949deadbb462acb7d84d6.jpg?itok=cznUkrsq" width="580"></a></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-5952f25919df4395e18ff5af9e50337a.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="345" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-5952f25919df4395e18ff5af9e50337a.jpg?itok=ZP7NWMtx" width="580"></a></figure><blockquote>
“Our building design responds to contemporary life and, in particular, to our society’s changing expectations to residential living within an urban context. We seek to present apartments of a size, layout and quality that make a significant contribution to this inner-city area, and which also form a key part of our commitment to an integral sustainable development model.” 
</blockquote>

DP Toscano Architects

The interiors have been styled with a muted tonal palette to give buyers the flexibility to customise their home to their taste. Buyers will also have the option of choosing a furniture package upgrade from STYLECRAFT, making the moving process seamless and their home liveable immediately.

<h2>Duke Apartment’s sustainability initiatives</h2>

The design is set to attain a 6.5 Star NatHERS rating for the home's thermal performance and energy efficiency. Duke Ventures are also planning to purchase carbon offsets, install ample bicycle parking, invest in rainwater harvesting, solar power and renewable energy sources to ensure the development complies with the company’s environmental targets. Residents can also buy with confidence knowing that their home has been built using materials which contain low embodied energy and low VOCs where possible.

<blockquote>
“Our project team is committed to achieving a building outcome which responds to community expectations for Environmentally Sustainable Development.”
</blockquote>

DP Toscano Architects

<h2>The location </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-ad2571f27f6fd09006e39697ef9c39e1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-ad2571f27f6fd09006e39697ef9c39e1.jpg?itok=bY6eoSa8" width="580"></a></figure>Situated within a stone’s throw to Collingwood Train Station, Smith Street shopping precinct, Fitzroy Town Hall, St Vincent’s Hospital, Carlton Gardens, Melbourne CBD and more. Residents will love having access to world-class amenity at their doorstep, with a multitude of iconic eateries, retail boutiques and live music venues within minutes from their home.

<a href="/buildings/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a> are selling quickly, so enquire today to secure your new home in Melbourne’s inner north.
</body></html>

Collingwood is set to welcome a boutique collection of 9 full-floor luxury residences

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

Olivia Round

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