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With the record low interest rates at present, the year ahead looks like the Gold Coast's north west region should have some improvement, albeit at a moderate rate, according to a recent Herron Todd White (HTW) residential report. 
"However with the economy not going very well at present compared to the mining boom in the Howard government era, combined with our current massive bushfire disaster and rising tensions in the Middle East, we can expect a large hit on the economy," the valuation said in March. 
With this in mind, the growth predicted by some economists for 2020 could all disappear and push the housing market in the other direction.
"What we have to say at present is that it is really wait and see time," the valuation firm said. 
The report notes the housing market in the north-west includes significant construction however in the past 18 months, construction in the region has been deflated.
"Prior to this, developing estates were thriving with constructions and land sales and as a result we have seen an oversupply of new housing with many vacant houses and second hand modern dwellings having to be heavily discounted to achieve a sale.
"With the slow down in construction, we hope to see a catch up of demand to supply. Yarrabilba and Flagstone are the ones to watch." 
A Yarrabilba four bedroom house was sold for $363,000 in February. 
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-yarrabilba-132999670" target="_blank">54 Sienna Circuit</a> (pictured below), the house comes with 4 bedrooms, formal lounge, family room, and combined dining and kitchen. 
Other features include air conditioning, dish washer, and gas hot water. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/2/yarrabilba%20.jpg" alt="">
A current offering is a Flagstone four bedroom house priced over $449,000.
The four bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/property-house-qld-flagstone-132774022" target="_blank">15 Outlook Crescent</a> (pictured below).
It comes with large living area, undercover entertaining area, kitchen with stone bench top and back yard.
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j.ballantyne1990-6AQqhLzZaK

Gold Coast's north west region to see catch up of demand to supply: HTW residential 

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The northern New South Wales and southern Gold Coast market became segmented towards the end of 2018 with mixed results continuing into the first half of 2019, according to a recent Herron Todd White (HTW) residential report. 
The report notes throughout the second half of 2019 however, agents advised that stable prices were seen along the coastal areas and in some instances, reported evidence of growth, particularly in the coastal suburbs of Coolangatta, Kingscliff and Casuarina.
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Investment in further infrastructure throughout the area, with projects such as the Tweed Valley Hospital and the approved continuation of G:Link into Stage 3, has improved general market sentiment which should continue in 2020.
"It would appear that a slight spike in investor activity has occurred across the board with easing lending policy post the royal commission as well as an increase in domestic migration to the southern Gold Coast and Tweed Shire," the valuation firm said. 
A Coolangatta three bedroom unit with ocean views has recently been sold for $920,000.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-qld-coolangatta-132503390" target="_blank">307/3 McLean Street</a> (pictured below), it comes with three bedrooms, open plan living area, kitchen and two bathrooms. 
The apartment is located close to shopping, restaurants, cafes and beaches. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/2/coolangatta%202.jpg" alt="">
A current listing is a three bedroom townhouse situated at <a href="https://www.realestate.com.au/property-unit-qld-coolangatta-132875142" target="_blank">5/9 Churchill Street</a>, Coolangatta (pictured below). 
It has been listed for sale with a price guide of $579,000.
Located 200m to Kirra Beach, the townhouse comprises three bedrooms, open plan living and dining, kitchen and single garage. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/2/coolangatta%203.jpg" alt="">
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Southern Gold Coast market to see spike in investor activity: HTW residential 

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The Shire has been transforming over the past decade or so as there has been changing demographics, ageing and increasing population, and particular areas becoming gentrified for various reasons, according to a recent Herron Todd White (HTW) residential report. 
The report notes that the Sutherland Shire is located approximately 20 kilometres south of Sydney CBD and covers a large area from Waterfall, Menai and Sylvania to Cronulla and Kurnell, and includes approximately 218,000 residents (2016 census).
 Most residential construction throughout the Shire took place from circa 1950s onwards and included traditional three- and four-bedroom fibrous cement and brick veneer dwellings on standard allotments of at least 500 to 600 square metres.
The report notes these properties were the main style of construction throughout the Shire and were family homes.
Higher density construction commenced around the 1960s and 1970s, mostly around Cronulla and along the train line.
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"Another driver of shifting demographics and changes to buying patterns is flexible workplaces and improved technology," the valuation firm said. 
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This is particularly evident in the suburb of Caringbah which is generally divided into Caringbah South, Lilli Pilli and Dolans Bay on the southern side of the peninsular and the northern part of Caringbah which adjoins the suburb of Taren Point further north. 
This suburb once consisted of traditional style family homes on above average sized allotments however due to the aforementioned reasons it now comprises varying examples of developments ranging from high density developments along the transport corridors, medium density townhouse style properties, duplexes and also seniors housing which are generally reserved for residents who are over 55 years of age.
A near new one bedroom plus study apartment (pictured below) in Caringbah was sold for $570,000 in December, 2019.
The apartment at <a href="https://www.propertyobserver.com.au/The%20Shire%20has%20been%20transforming%20over%20the%20past%20decade%20or%20so%20as%20there%20has%20been%20changing%20demographics,%20ageing%20and%20increasing%20population,%20and%20particular%20areas%20becoming%20gentrified%20for%20various%20reasons" target="_blank">307/316 Taren Point Road</a> comprises caesarstone kitchen, bedroom plus study nook, internal laundry and entertainer's balcony. 
Other features include ducted air-conditioning, gas heating, timber tiles and communal rooftop terrace. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah.jpg" alt="">
Another three bedroom apartment in Caringbah (pictured below) with panoramic views was sold for $1.18 million in November, 2019. 
The townhouse style apartment at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-caringbah-130377786" target="_blank">607/22 Banksia Road</a> comes with three bedrooms, three balconies, open living area and large kitchen. 
Other features include timber flooring, spacious laundry and three storage areas. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah%202.jpg" alt="">
A four bedroom townhouse situated at<a href="https://www.realestate.com.au/sold/property-townhouse-nsw-caringbah+south-131750142" target="_blank"> 2/9 Alice Street, Caringbah South </a>(pictured below) was sold for $1.4 million in September last year. 
The brand new home comprises designer kitchen, four bedrooms with built-ins, open plan living and alfresco entertaining area.
Other features include west facing entertainers deck, grassed yard and secure basement parking.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/16/caringbah%20south.jpg" alt="">
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Development throughout Caringbah has been somewhat assisted by the above average land sizes that allow for duplex and townhouse style developments. 
Many of the baby boomers have sold their large, older properties to younger generations and young families which is also encouraging new non-residential development such as cafes, restaurants, hotels, pubs and the overall changing demographic of the area, the report suggested. 
"The current low interest rate environment and overall positive market sentiment is likely to fuel continued construction and renovation, particularly in the first half of 2020," the residential report notes. 
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The Sutherland Shire market : HTW residential 

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The Paddington home of Paul Fegan has been sold for $5.9 million at mid-week auction, for above its $5 million price guide.
Fegan is senior adviser at funds management business Gresham Partners.
He was previously the St George Bank boss.
His four-bedroom, four-bathroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-paddington-104797024">146 Paddington St </a>was bought by a buyer who has moved from Melbourne.
There were 12 contracts issued, and six registrations.
Bidding opened at $4.7 million.
Fegan was a director of AMP in 2015, and chairman of AMP Bank, when he bought the three-level corner terrace for $4.025 million from the retired PwC veteran Greg Hall.
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Gresham Partners' Paul Fegan secures $5.9 million in Paddington

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Famed trophy stud property Luskin Park along with its entire bloodstock holdings in the Hunter Valley, Luskintyre has been sold for $2,250,000.
It was purchased by the company of Matthew C Smith, the Warwick Farm-based horse trainer and his wife, Melissa.
The decision to sell the entire bloodstock holdings of Luskin Park Stud came after the death of the of proprietor Paul Whelan last October.
It was the birthplace of champions including Golden Slipper winner Luskin Star and more recently the G1 winners Foxwedge and Rock Classic.
The homestead, located at 110 Knockfin Road, was on a 46-hectare holding on the bank of the Hunter River, located a two-hour drive north of Sydney.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%203.13.11%20pm.png" alt="">
It was expected to sell for between $2.5 million and $3 million.
The property, historically a thoroughbred stud, also offers high quality grazing land suitable for running cattle or growing lucerne.
 
 
 
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Hunter Valley trophy stud, Luskin Park sold

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A five bedroom house with ocean views in Sydney's beachside suburb Bronte has hit the market. 
The tri level home at <a href="https://www.realestate.com.au/property-house-nsw-bronte-134237082" target="_blank">14 Mirimar Avenue</a> was built by award-winning Master Builder Mardini Constructions and designed by Amy Sharma of The Design Spot. 
It comprises four bedrooms on one level, self-contained one bed apartment, four bathrooms, and five-car garaging.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/24/bronte%201.jpg" alt="">
The custom-built home also comes with wide terraces, glass-framed living space, marble kitchen, study, lounging deck and heated pool.
With views across the beach and the ocean horizon to Mackenzies Bay, the home is situated just 150m to the beach. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/24/bronte%202.jpg" alt="">
The property has been scheduled to go under the hammer on September 12.
PPD Real Estate have the listing. 
 
 
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Bronte beach house set for auction

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A four bedroom sub-penthouse in Sydney's Darlinghurst has been listed for sale via expressions of interest. 
It has been offered by Alison Cooper from Agency by Alison Cooper - Double Bay.
The 492sqm apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-darlinghurst-134189422" target="_blank">1601/227 Victoria Street </a>is located in Top of the Town, an iconic building designed by Marchese Partners. 
<img src="https://www.urban.com.au/images/2020/8/24/darlinghurst%202.png" alt="">
The home comprises four bedrooms, three bathrooms, media room plus study, triple garage and storage room. 
It also features soaring ceilings, glass walls, internal laundry and panoramic views of Sydney's harbour skyline. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/24/darlinghurst%203.jpg" alt="">
The building offers pool, gym, sauna, 24 hour concierge and building manager. 
The expressions of interest campaign for the home closes September 9. 
 
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Darlinghurst sub-penthouse with Sydney harbour views hits the market 

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Pavilion House, an architect designed beach house setting high on the ridge between Tamarama and Bronte Beaches has hit the market. 
It has been offered by PPD Real Estate. 
The Hampton style home at <a href="https://www.realestate.com.au/property-house-nsw-tamarama-134190166" target="_blank">10 Thompson Street, Tamarama</a> was designed by architect Walter Barda.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/24/Thompson_10_Tamarama_9_HI.jpg" alt="">
It comprises five double bedrooms, four bathrooms, multiple living areas, and four-car garage with life access to all three levels. 
Pavilion House also features north facing deck, Hamptons style kitchen, wine cellar, resort-style pool and established gardens. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/24/Thompson_10_Tamarama_8_HI.jpg" alt="">
It offers 180-degree views over the beach, ocean and Mackenzies Bay. 
The property has been scheduled to go under the hammer on September 19. 
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Walter Barda-designed Thompson Street, Tamarama trophy home listed

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Hotelier Fraser Short has bought The Farm from Tom Lane.
Known for its Grow, Feed, Educate and Give Back philosophy, the business has been listed for sale earlier this year.
The new owners, local business and property owners Fraser and Ally Short will take in on after its settles later this year.
The realestate.com.au website doesn't give a price advisory. 
Tom Lane, grandson of Oroton fashion empire founder, moved to Byron Bay in search of a big old Queenslander as their holiday home and became partners in the organic farming and tourist venture known as The Farm. 
They plan to turn their attention to The Range, a 120 acre property.
Short owns The Balcony Bar and Oyster Co at Byron Bay.
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Hotelier Fraser Short buys The Farm from Tom Lane

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Overlooking the Dandenong Ranges in Victoria, <a href="https://ecomms.raywhite.com/collect/click.aspx?u=THArZjZLZE45bnEvN3BIZGN5L3lWY3YwbnZVZWtqUHp2aWNuS0RBNkJ0bnFpN2ROT2oyRzlBRWwrL0VKWHdWY2F5aGhGSW55N0oxUVdFcjZUdjU1VGx4REJ5d09XREt6Mi9OdjgvcS9WSTFVRlVsVkMvNzQvWEpFVTdpZTFzMnAxRjYwQ210ckpVUjhMNzF0RzdGelN2aUVDRzZ0SUN2SHJzVEZkQU1TOWM2YlRvcmNQZmg5TVNQMGQxMW50cG1T&amp;rh=ff006374fa1a0cdca3d0a8736f4d8c3db706d34c" target="_blank">8 Olivette Ave, Upper Ferntree Gully</a> is possibly one of the country’s most sustainable homes. The award winning, eco-friendly abode was purposely built with sustainability in mind 12 years ago by Melbourne builder Anton Englemeyer and his wife Mel. 
It comes with a price guide of $2.3 million to $2.5 million. After more than a decade in the home, the Englemeyer’s eco-house has been listed through Ray White Forest Hill agent Hugh Francis.  The couple are passionate about sustainable practices and Mr Englemeyer specialises in eco-friendly design and construction leading him to build his own green oasis in an area that is known as the ‘Gateway to the Dandenong Ranges’. Affectionately called the ‘House with the Green Heart’, the structure features both rooftop and indoor gardens, solar panels, water tanks and is built from sustainable materials. 
The Olivette Avenue ode to environmentally conscious living won the Five-Star Sustainability Excellence Award at the Continuing Professional Development awards in 2011. The house also won the Master Builder’s Excellence in Housing Awards in 2013 for the most sustainable house.  “We based the construction on green star ratings to get the best result. The features of the home are all there to add to the air quality and help conserve energy as well as being made from high quality and long lasting materials,” Mr Engelmeyer said. “Sustainability to me is building something that lasts longer and if you use good quality materials then you don’t have to do anything. It has timeless features and no trendy stuff that ages quickly.”  Mr Englemeyer said much of his inspiration for the home came from European designs but the couple made the choice to stay closer to home when it came to planting the many gardens on the property.  “In the gardens, we made a conscious decision to use indigenous and native plants to blend in with the area but we also chose to use bromeliads because we like them,” he said.
While the eco duo are ready to move on to their next project, Mr Englemeyer said there is plenty they will miss about the house which he considers his “own Machu Picchu”.   “We love all the rock work which came from existing rock upcycled from the previous site’s groundworks done by the owner before us,” he said.  “The views are also spectacular - you can see 100km into the distance and nature is a big part of it. We get a lot of beautiful wildlife here from birds to kangaroos and echidnas. “It is an amazing place to live and whoever buys it will be the next custodian of the house.  “We have built this property in indemnity, it’s like Machu Picchu, it will be around for ages and the next buyers won’t want to leave.”
“I would be surprised if it was a local buyer, it will be someone who has an interest and a passion for that sort of thing, someone who will identify with it and respect the man hours and labour of love,” Mr Francis said.   
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Upper Ferntree Gully eco-house with green heart 

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.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

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.

[smartcode_project:default project_id=144441 project_image_fid=370975]

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.

Staff reporter

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