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If you're searching for an affordably priced home in Parramatta which you can move into now, look no further than Riva Apartments. Situated in a premium riverfront location, Riva offers residents spectacular water views and an abundance of amenities on your doorstep. 

<ul>
<li>Buyers can choose from studios, dual key and oversized one, two and three-bedroom apartments, up to 131 square metres internally – or even a lavish three-storey penthouse.</li>
	<li>The homes at Riva are an impressive 20% more spacious than apartments in neighbouring buildings. </li>
	<li>Each home boasts stunning floor-to-ceiling joinery to make the most of the stunning panoramic views, and to allow for plenty of natural light to fill all living areas.</li>
	<li>The designer kitchens feature Bosch stainless steel appliances, Ceasarstone benchtops, and spacious island benches, perfect for entertaining. </li>
	<li>High quality LED lighting, reverse cycle air conditioning units, tiles and carpet are also installed within each apartment. </li>
	<li>Riva bathrooms include frameless glass showers, contemporary marble-inspired feature walls and luxurious bathtubs, with select apartments also including spa baths.</li>
	<li>Whether you want to travel by car, train, bus or Rivercat ferry, getting to and from Riva apartments is a breeze, with access to public transport and motorways within walking distance from your home. </li>
	<li>The Riva development is part of the future 180 George mixed-use precinct, set to deliver world-class facilities, from dining and retail to resort-style facilities.  </li>
</ul>
If you like the sound of Riva apartments and want to learn more, reach out to a sales consultant via Urban to find your dream home today.  
 
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Patrica

Beautiful riverfront homes in Parramatta are selling now from $405,000

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Consisting of just 74 boutique luxury apartments, perfectly located in the heart of Macquarie.

Designed with owner occupiers in mind, all homes at Parc include oversize living spaces, well thought-out floor plans and abundant amounts of storage space.

All 74 spacious one, two and three-bedroom apartments are thoughtfully designed, with premium finishes and inclusions. Careful thought at the design phase has aimed to keep Body Corporate costs reasonable, and the boutique nature of the project means you’ll feel comfortable meeting your neighbours. 
Each apartment includes premium finishes such as: AEG &amp; Westinghouse appliances, stone benchtops and condenser dryers for your convenience. Windows and sliding doors are all double glazes, optimising the energy efficiency of your new home and limiting outdoor noise.

Living at Parc affords you the convenience of walking across the road to get your groceries from Jamison Plaza, or meet a friend at Ricardo’s for a quick coffee. A short drive takes you to Westfield Belconnen, offering an even wider array of shopping and entertainment options, and a selection of dining venues at Emu Bank.

Lake Ginninderra offers leisurely walks on the weekends with the family, or alternatively CISAC and AIS Arena present an extensive choice of fitness options. 
Spacious layouts to suit your lifestyle at Parc, Macquarie.
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Check out why owner-occupiers will like new Macquarie apartment development Parc

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Our latest Queensland development, Imperial on Panda, offers you a fantastic opportunity to secure a spacious 3-bedroom home in Doolandella, Queensland for just $350,000.

<ul>
<li>Boutique collection of 38 residences</li>
	<li>Solid brick foundation</li>
	<li>Timeless modern interior design</li>
	<li>Each townhome features a remote control operated garage, a spacious backyard, ceiling fans and carpet in all bedrooms</li>
	<li>Kitchens feature stone benchtops and stainless steel appliances</li>
	<li>Air conditioning units have been fit in the living areas and master bedrooms, providing you with excellent thermal comfort year-round</li>
	<li>Located just 17 kilometres from Brisbane CBD </li>
	<li>Public transport is just a stone's throw from your doorstep</li>
	<li>A Woolworths shopping centre has been planned nearby</li>
</ul>
Secure your brand new home in a growing neighbourhood today by reaching out to a sales consultant via Urban. 
 
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New boutique collection of completed townhomes available in Doolandella, Queensland

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Mary Lane is a stunning landmark building in the centre of Brisbane, where you can meet, dine, stay, live and play!

The articulated glass exterior is a sculptural statement, adding to the Brisbane skyline and for residents, provides a superior luxury living in the heart of the vibrant lifestyle.

From the private Residents-only foyer and lifts, to the Exclusive Residents-only Roof Terrace Pool, Gymnasium and function room, Mary Lane is 5-Star living.

Being positioned above The Westin Brisbane provides effortless connection to a variety of 5-star amenities, while still enjoying the privacy of a separate lobby and secured lift access to your residence and the exclusive rooftop facilities.

Mary Lane is centrally located on the axis of Eagle Street Pier, the Botanic Gardens, the Casino and Queen’s Wharf development – perfectly placed to become the pulse of Brisbane’s dynamic new entertainment hub.

Rising 37 levels above Brisbane’s newest luxury hotel, The Westin Brisbane, Mary Lane’s 1, 2 and 3 bedroom residences and 4 bedroom luxurious Penthouses offer high ceilings, expansive glazing to deliver generous light-filled spaces and dedicated storage room on the same floor level.

Being positioned above The Westin Brisbane provides effortless connection to a variety of 5-star amenities, while still enjoying the privacy of a separate lobby and secured lift access to your residence and the exclusive rooftop facilities.

Mary Lane’s elegant features, flawless finishes and ability to capture breathtaking views makes it a desirable haven to escape to. Rising 37 levels above Brisbane’s newest luxury hotel, The Westin Brisbane, Mary Lane’s 1, 2 and 3 bedroom residences and 4 bedroom luxurious Penthouses offer high ceilings, expansive glazing to deliver generous light-filled spaces and dedicated storage room on the same floor level.
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Ready to move in! Live, meet, dine and play at Brisbane’s newest landmark building, Mary Lane

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Enjoy year-round holiday living at Serenity Surfers Paradise, your own urban sanctuary a stone’s throw from one of the world's most beautiful beaches. 

Serenity Surfers Paradise is a residential apartment building comprising of 10 levels, and a selection of large 2-bedroom homes. Price from just $589,900, this is an excellent opportunity to secure a home at one of Australia's most coveted holiday destinations.

Each apartment features striking architectural design and elegant fixtures and fittings. 

<ul>
<li>The pared-back neutral design palette allows you to add your own styling, which is complemented by the open-plan layout, giving you room for a variety of furniture configurations.</li>
	<li>The living areas within the apartments are filled with plenty of natural light and designed for cross ventilation, creating the perfect space to relax and unwind.</li>
	<li>Homes are within walking distance to the beach </li>
	<li>On the rooftop of the building, you'll find a designated relaxation and recreation zone – complete with lounge areas, barbeque facilities and a spa, with views spanning the Surfers Paradise landscape. </li>
	<li>Great investment in a growing area</li>
	<li>Live within walking distance to the beach and a vibrant shopping and dining precinct, and enjoy the carefree lifestyle of Surfers Paradise. </li>
	<li>Enjoy the convenience of amenities within walking distance</li>
	<li>Great access to public transport options nearby</li>
</ul>
For more information about the homes available for sale, request a call from a sales consultant via Urban before they sell out. 
 
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Discover the exceptional lifestyle that Surfers Paradise has to offer

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<ul>
<li>Impressive amenities and residential facilities.</li>
	<li>Spacious apartments with city and ocean views.</li>
	<li>Short walk from Pacific Fair shopping centre.</li>
	<li>522 apartments boasting river, ocean and hinterland views.</li>
	<li>Incredible recreational facilities and amenities.</li>
	<li>Health and wellbeing focus in the ground floor retail precinct.</li>
	<li>Only a short walk to Pacific Fair Shopping Centre.</li>
	<li>A 5 minute drive to Surfers Paradise.</li>
	<li>Within walking distance of the beach.</li>
</ul>
Comprising of two sky towers reaching 47 &amp; 49 levels with 522 apartments together with significant resident facilities, retail, restaurant and café precinct all with a unique health and wellbeing flavour. The lifestyle is unlike anything else on offer.

Apartments maximise the majestic views and enhance style and comfort. Private balconies, offer versatile, stylish retreats against a choice of unique hinterland or coastal backdrops.

Each element of Elegance bathrooms are carefully selected to inspire tranquility and balance for everyday life. Bathe in natural light surrounded by cloudless skies and crystal waters.

Each tower boasts a rooftop recreational level with BBQ and seating area, perfect for private resident parties or intimate yoga or meditation sessions. Level 1 (Ground) includes a world-class restaurant and dining precinct, high-end retail offering with a health and well-being focus.  
Take your cosmopolitan lifestyle to the next level at Elegance with these offerings of state of the art amenities and residential facilities.

Elegance has been carefully positioned according to the latest feng shui principals and each apartment boasts exceptional views. Recreational Level 4 includes theatre/karaoke room, gymnasium, swimming pool and outdoor deck area, tennis court, meditation and zen garden retreat area, pilates room and world class yoga facilities.

Located in the heart of Queensland’s glorious Gold Coast, Broadbeach is the premier event, entertainment and holiday destination. The best of the Gold Coast’s beaches, bustling cafés, restaurants, boutiques and bars are just moments away. This premier precinct is renowned for a lifestyle that transcends all expectations of a coastal suburb. 

Framed by world-class beaches and a stunning network of canals and waterways. Just metres away, the stunning coastline offers golden sand, crystal clear water and reliable swells for surfers. There is plenty of room on the spacious beaches to soak up the sun and relax. 
 

 
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Indulge in the luxurious residents amenities at Elegance, Gold Coast

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

Joel Robinson

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

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Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
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[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Patricia Medina

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