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The recent baby boom in the City of Melbourne has meant existing community facilities are unable to cope with demand.
Interestingly, the boom is largely attributed to the CBD. If there was ever proof of the shift towards urbanised living: this has to be it.
New facilities are being planned to cater for the unexpected number of new babies in the municipality, covering the CBD and a number of Melbourne's inner suburbs. The facilities will provide postnatal care, and venues forparent programs and play groups.
It is well documented that a concentration of student populations can act as a precursor for urban renewal, which in turn provides the catalyst for others, such as single professionals and young urbanites to follow. The recent baby boom shows that new families are the next wave of central city apartment dwellers.
Whilst raising a family in the suburbs may be less expensive, for many this scenario is no longer the preferred option. With congestion bearing heavily on liveability and making for expensive and time-consuming car usage, the better option is to reside closer to the CBD.
As a result, diverse medium and high-rise apartment developments should be a focus, particularly in Sydney and Melbourne, to manage both an increase in population and changes in housing preferences.
The future of housing architecture will need to be configured for a diverse range of households and consider demographic aspects such as age and culture. If we also believe affordability – in terms of both purchase price and ongoing cost of running – is a long-term consideration for a family, then we will require more from less as the size of dwellings reduces.
Future housing demand will necessitate greater flexibility in the design of small apartments, at a workable cost level, appealing to diverse household types. A pre-industrial era village or traditional old-fashioned neighbourhood offers each of its residents a chance to develop the network of bonds amongst each other that underpins a healthy community. In this setting, residents can work from home (65% of new businesses start in the home), study, raise a family, house extended families, retire or just hang out.
We will see vertical neighbourhoods consisting of a range of apartments attractive to a range of occupants. There may be roof top gardens for growing food or practicing tai-chi and book clubs or dining clubs can form, catering for the traditional community feel of earlier low rise developments.
While apartments as small as 25 to 30 square metres provide an entry point for home ownership and can accommodate an elderly relative, adolescent or adult child, apartments of 55 square metres can be configured to accommodate a living area, kitchen, bathroom and two other flexible spaces – one being a bedroom and the other possibly being a nursery enabling the families looking to live inner-city.
What this suggests is that the planning policies for our cities must have an inherent ability to dissect and discern direction and flexibly respond to challenges of social change and increasing diversity.
We as a society are changing too rapidly to recycle or rebrand conventional solutions or resort to stereotype prejudices about what constitutes appropriate housing standards, particularly when it comes to apartments and flats.
New development stemming from population growth requires an open mind by governments and planners. Higher density developments are one basic solution to restrict the waste of arable land, reliance on cars as primary transport and provide better-networked communities.
Other forms of inner city and central apartments have been generally accepted and are very much a part of the increasingly diverse society we now have. The fear of density remains palpable in determining planning policy.
Whilst it has been widely accepted that traditional two parent households will be marginally less over the next two decades compared with the number of single households, predicted to soar by 63.7%, little has been forecast in Australia of apartments being a desired family home.
Architects, developers and planners need to recognise this as an emerging residential typology. The apartment-as-family-home is part of Melbourne’s future housing mix.
Rob Stent is a director Melbourne-based architecture, interior and urban design practice Hayball and is a past president of the Victorian chapter of the Australian Institute of Architects. Among the buildings he has designed is Lend Lease’s completed Serrata apartment building in Docklands, one of Melbourne's first apartment buildings to achieve a four-star Green Star rating.
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New high-rise apartment projects part of Melbourne's residential mix: Rob Stent

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What governments do and don’t do can affect the quality of our lives in terms of where we live and the type of housing we live in. 
We are increasingly turning away from the conventional form of the detached housing, demonstrated by 2011 Census figure that show a 66.7% increase in flat or apartment living from 2001 to 2011.
It is important that governments understand the change in our increasingly diverse society and its housing demands.
No doubt market driven supply and demand are drivers of much of the housing stock on offer, but what is less acknowledged is the impact of intervention of governments through regulation.
There are differences between Victoria and NSW that have influenced housing choices.  These differences will become less pronounced if each government borrows from the other’s housing policies for multi-unit development.
Melbourne’s apartment boom has been part population growth and changing demographics and part aided by a regulatory framework that has been relatively unrestrictive in determining the size and configuration of apartments.
The lengthy boom followed a hiatus of twenty years from 1971 when the Victorian Government introduced a major overhaul of residential controls in the Melbourne Planning Scheme, which effectively eliminated medium and higher density housing from being developed in Melbourne.
For twenty years, only 15% of new housing starts were in the form of multi residential housing until a rare Federal Government initiative called the Better Cities Program, together with a reviews of the residential planning rules by the Victorian Governments (alternating Labor and Liberal), provided the current regulatory framework. As a result, they played a significant part in making Melbourne a far more diverse and culturally rich city to what it was prior.
A prescriptive regulatory framework in Sydney
By and large, in Melbourne this framework is performance based. A more prescriptive framework operates in Sydney.
Whilst Sydney has a long history of multi-unit development, there has been only modest comparable multi-unit housing developed in the last few years.  Its long awaited upturn is encouraged by the proposed changes to the planning controls for multi-unit housing encouraging greater flexibility whist maintaining amenity standards.
Melbourne has typically been able to offer up more affordable apartments than Sydney, however Sydney’s apartments are often larger and have better amenity.  
In Victoria, multi-unit development controls allow greater flexibility and scope when determining the number and size of apartments.  Height controls are generally not mandatory and setbacks to streets and boundaries rely on little other than what is required for small-scale suburban development.
Design of privacy for multi-residential housing is managed by a minimum required distance between dwellings that was originally devised for single suburban housing scenarios.  Internal amenity controls are also limited, being largely governed by building regulations for single housing.  These stipulate required levels of ventilation and light as a percentage of the room area, irrespective of how deep the apartment is or whether its rooms receive adequate natural light levels, actual moments of sun penetration or natural ventilation.
 
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In NSW on the other hand, sites have to be carefully master planned and buildings carefully configured to reach the government mandated targets of SEPP 65.
In 2002, in response to the then NSW Premier, Bob Carr’s perception of poor design standards of multi-unit housing development throughout Sydney, the NSW government introduced the State Environmental Planning Policy No. 65 – Design Quality of Residential of Residential Flat Development (SEPP 65).
It was followed with the Residential Flat Design Code (RFDC), a design guideline that provided discussion, analysis, examples and principles, primarily structured as a design tool for architects and assessing council officers.  It is a mix of ‘rules of thumb’ on issues such as cross ventilation and solar access.  These and other design objectives were quickly adopted as minimum standards for development.
The NSW planning policy also stipulates, through the Development Control Plans (DCPs) of Local Councils, both height and floor-to-site area ratios (FSR) along with type and mix of apartments (studios, 1BRs, 2BRs, etc).
SEPP 65 has improved the quality of multi-unit residential buildings in NSW. This planning policy has had a genuine impact on the quality of the built environment and residents living in these apartments appreciate their amenity. It has created awareness in architects and developers alike for the imperative for a rigorous design process that is not always found in the lower end product of its southern counterpart.  It has however, arguably resulted in more expensive apartments compared to what has been available in Melbourne.
Land costs are also higher in Sydney, resulting in a land cost of up to $100,000 per inner-city apartment, compared to around $50,000  per apartment in Melbourne. This higher land cost is exacerbated by fewer dwellings due to FSR caps, mandatory heights and required levels of apartment diversity. It is worth noting however that construction costs in Melbourne are 20% higher than Sydney for comparable projects.
Australia’s two biggest cities, Sydney and Melbourne, appear to be poised at opposite ends of their respective residential development cycles. Melbourne is expected to slow after experiencing a long boom – providing a valuable opportunity to review what is designed and offered to the market and look at what it can do better<ins datetime="2013-05-02T10:07" cite="mailto:Genevieve">. </ins>In doing so, I believe Victoria will adopt much of the NSW framework to raise standards for resident amenity, including access to light and sun, outdoor space and privacy.
Sydney is poised after years of quiet activity to gather momentum.  Important to this occurring will be the final revisions to SEPP 65 which<ins datetime="2013-05-02T10:08" cite="mailto:Genevieve">,</ins> yet to be finalised, are expected to borrow from the Victoria’s experience in providing scope for more flexibility and in turn, scope for greater affordability.
Small apartments should not be sacrificed in the process. Small apartments can provide affordable entry to housing for many people, particularly single households, who are the fastest growing household in Australia.
The small apartment should be considered as mainstream housing.  Governments, together with architects, councils, planners and developers should allow for innovative design solutions as ways to realise high amenity levels in ways not yet considered.
For small apartments to be successful homes, design levels have to be raised to accommodate adaptable layouts that allow residents to use them as they like, when they like. If a development consists mainly of small apartments, why not augment amenity beyond the apartment door with communal gardens or lounges and kitchens? Why not look to network amenity resources between precinct developments, with cross-pollinating facilities such as pools or playgrounds to encourage development of neighbourhood?<ins datetime="2013-05-13T14:57" cite="mailto:Sarah%20Buckeridge"> </ins> 
Taking care of the amenity and quality of what we live in and preserving what is of high architectural, cultural and social value is vitally important.  Taking care also of the broader community aspirations regarding diversity and demographic mix, equity and access to affordable and diverse housing is equally important.
The balance between prescriptive and performance standards is always difficult, with the desire to prevent the worst whilst potentially blocking the best. Governments need to arrive at a balance of the flexible and prescriptive and be open to the opportunity for innovation and affordability, or we will all be short changed.
Rob Stent is a director Melbourne-based architecture, interior and urban design practice Hayball and is a past president of the Victorian chapter of the Australian Institute of Architects. Among the buildings he has designed is Lend Lease’s completed Serrata apartment building in Docklands, one of Melbourne's first apartment buildings to achieve a four-star Green Star rating.
 
 
 
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Sydney developers must not abandon small apartments as momentum builds: Rob Stent

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The nature of residential development today is fast moving and complex. It has resulted in change, and with change comes fear, along with a heady mix of media commentary and vocal opinion.
Much of this is simply because apartments have never been embraced in our traditional national image of rural and suburban landscapes. 
The place of apartments in our cities has been a subject of continual debate – held up as examples of developer excess on the one hand and almost alien examples of cosmopolitan living on the other and for some commentators regarded as ‘the slums of the future’. 
Apartments represent big city life and the tangible reality of rapid metropolitan growth and densification, however a myriad of niche drivers are working to shape our housing.
Australia is now a very diverse society.
Statistical data and crystal ball forecasting reveals that more Australians are living in and will increasingly move towards apartments. The National Housing Supply Council has estimated that seven out of ten households can now be termed ‘non-traditional’. 
Whilst traditional two-parent households will increase by 20% over the next two decades, the number of couples will rise by 36.7% and the number of single households will soar by 63.7%, with the 65+ age group being the fastest growing in Australia.
Of these, one in five will be single when they retire, and they will be mainly woman. We are also becoming increasingly Asian in our population makeup, with our stable political system and relatively clean physical environment being a desirable destination for migrants.
Our changing city economies based on professional and financial services and education has also played a role. The post-manufacturing-era economy has seen the advent of education as one of our biggest economies, with international students clustering around our universities in new apartment projects.  
Meanwhile the so-called ‘creative hipster’ set have assisted the revitalisation process of our urban areas, attracting cashed-up boomers and pushing up housing prices in the inner and middle suburbs, and in some instances, beyond.  Our cities are now a series of villages of unique character and culture.
 
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Proximity to jobs, education, entertainment and good coffee has been a major target of younger apartment renters, with investor-landlords doing well. Their attitude to the traditional urban fringe is now less attractive due to long commute times, the lack of jobs, infrastructure and services.  
This has been highlighted by the Grattan Institute in its report “Getting the Housing We Want” that Australians do not all want to live in detached housing, with many preferring a much more varied mix of residential options. The downturn of project house-and-land packages on the fringe, along with an increasing shortfall in the supply of terrace housing, townhouses and apartments in established areas, are evidence of this shift.
The ability to deliver good quality commercial residential architecture within a tight financial framework is one of architecture’s greatest challenges.
Commercial apartment construction costs range from $2,500 to $3,000 per square metre and are increasing, compared to a cost of around $900 to $ 1,000 per square metre for detached housing in the fringe.
The typical Melbourne apartment now needs to sell for $8,000 to $10,000 per square metre to cover the cost of development, land and to provide a return commensurate with the risk of development. On this basis a small one-bedroom apartment can cost as much if not more than a new house and land package in an outer suburb. 
As a consequence, apartments are increasingly being downsized to meet entry-level price points and budgets, with some projects offering micro apartments of 35 square metres.
But how much smaller can they go?
The crucial ingredients in residential architecture are unchanged.  It is empathy for the occupants who are seeking a home that balances function and amenity, aspiration and budget.  Getting this right is the basis of good housing to meet the needs of a very diverse and changing society.
Where and what we choose to live in and the financial options to develop, construct, own or rent will have a significant impact to the housing sector.
As architects, we are faced with doing things differently, driven by changing consumer preferences and desires, skyrocketing building costs and skill shortages mirroring today's more diverse, chaotic, networked society.
Innovation in prefabricated manufactured systems will assist reduce construction costs.  Smaller apartments can be adaptable with flexible plan configurations, and beyond the front door, the provision of communal and shared spaces such as lounges and rooftop gardens provide different forms of residential amenity.
There will be no silver bullet, but many varied solutions required to deliver the type and quality of housing we want.
Rob Stent is a director Melbourne-based architecture, interior and urban design practice Hayball and is a past president of the Victorian chapter of the Australian Institute of Architects. Among the buildings he has designed is Lend Lease’s completed Serrata apartment building in Docklands, one of Melbourne's first apartment buildings to achieve a four-star Green Star rating.
 
 
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Diversity holds the key to density

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Australians have long been predominantly urban dwellers.
Despite over 80% of us now living in cities, our self-image remains of a sunburnt country girt by sea – when in reality it should be of a frazzled city girt by sprawl.
The stress of living in our capital cities is well known: our crowded roads, poor and ageing infrastructure, and a lack of public transport.
Yet while Australia’s economic wealth is driven from the major cities, the federal government is almost completely absent from the contemporary discussion about the future urban environment and housing in Australia.
The true costs associated with poor urban environments are rarely part of the economic debate.
Our cities are largely left to the under-resourced state and local governments to devise and administer planning systems in the hope of shaping our urban environment.
Planning systems revel in written policy full of ‘government-speak’ for best practice or driven by nullifying empirical process and regulation.
Our market-driven development sector is unchanged since white settlement – consisting of appropriating land, cutting it up, building on it, selling it off and moving onto to the next deal ASAP before the market turns.
Very few of our urban population living in the traditional single house would have any direct relationship with architecture.
Our traditional housing construction industry comprises of independent craft-based subcontractors putting together 'stick build' detached houses for project-home developers large and small, having procured basic plans that meet ‘tick-the-box’ planning and building regulations.
This has long been our traditional way of providing housing and forming our suburban fabric, resulting in the ever-expanding concentric growth of our cities with all the associated shortcomings.
However, a tipping point in this traditional order may have been reached, causing change to occur in a number of connected ways.
For the first time, the value of a block of land on the fringe is now more expensive than the house that will go in it.
The size of the average block has been decreasing to the point that the narrow side gaps between houses cannot be justified.
Housing is becoming joined and connected and as a consequence is having to be delivered in groups and clusters. 
Resolution of the relationships between landscape, sense of address and amenity for sunlight and privacy between dwellings, requires embodied architectural knowledge.
The change of demographics is also driving change. Architects are now designing higher density housing on the fringe with townhouses and apartments meeting the housing demands for a rapid increase in different household configurations.
That too requires an increased level of research and application of design rigor not found with ‘off the shelf’ pro-forma plans that characterise the ad-hoc fashion of the traditional housing development industry.
Architects have, in the past, been at the forefront of change and innovation in housing environments.
The design of the garden-city suburb and projects such as the cluster housing at Winter Park in Melbourne’s eastern suburbs are such examples.
They again have an opportunity to contribute in determining contemporary solutions to the challenges beyond the 'tram lines'.
Rob Stent is a director Melbourne-based architecture, interior and urban design practice Hayball and is a past president of the Victorian chapter of the Australian Institute of Architects. Among the buildings he has designed is Lend Lease’s completed Serrata apartment building in Docklands, one of Melbourne's first apartment buildings to achieve a four-star Green Star rating.
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Architects are focusing on higher-density projects as demographics change: Rob Stent

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

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WM Residences fills gap in Mordialloc townhouse market

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Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

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Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

Rob Stent

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