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Multiplex has been appointed to deliver the $24 million upgrade of the iconic Roundhouse venue at the University of New South Wales in Sydney.
The Roundhouse is on the lower part of the UNSW Kensington campus, adjacent to Anzac Parade, between High Street and University Mall.
The redevelopment will improve the building’s functionality to create an enhanced social environment.
With several new construction projects occurring across campus including the new $174.4 million Science and Engineering Building, the redevelopment of the 5,217 square metre Roundhouse will ensure the building aligns with the urban design context of the University.
David Ghannoum, New South Wales Regional Managing Director at Multiplex said we are delighted to continue our on-going collaboration with UNSW Sydney and play a vital role in generating flexible and interactive social spaces for students and the public.
“Our previous work with the University has given us the credentials to deliver this highly technical redevelopment in this live campus environment”, he said.
Originally constructed in 1961, the Roundhouse was designed by the Government Architect and Edwards, Madigan, Torzillo, Briggs Architects who later built the National Gallery and High Court in Canberra.
It was considered a cutting-edge architectural statement as Sydney’s first-ever circular building and one of the only buildings solely dedicated to student recreation on a campus in New South Wales.
The Roundhouse is now a key part of daily campus life at UNSW and has hosted a diverse range of events over the last 56 years including wedding receptions, Bacchus Balls, boxing matches, comedy nights, theatre sports, formal dinners, dance parties and even a conga line protest.
A host of concerts have been held at the venue including a range of local and international acts such as Billy Thorpe and the Aztecs, Ratcat, Fatboy Slim, Foo Fighters, The Living End and Nick Cave.
In 2015, UNSW Sydney engaged Tonkin Zulaikha Greer Architects to prepare designs for the redevelopment of the Roundhouse.
<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/2017/08/09/UNSW%20Round%20House%20Project-v3-20160520.jpg" alt="">
After years of ad-hoc additions, the building is now being readied for the next 50 years, with new engineering services, a low-energy upgrading of its exterior and a refurbishment of its interior that respects the heritage of the building but adds new functionality.
By stripping away the later additions, and building a more efficient and compact service wing, the form of the building will regain its integrity.
Further, landscape improvements including connections to Anzac Parade and the broader campus, and new, vibrant green spaces for students and functions will reinstate the landmark status of the Roundhouse within the lower campus of the University once more.
A key focus of UNSW Sydney’s 2025 Strategy is increasing social engagement in addition to pursuing academic excellence and enhancing global impact.
The University is focused on improving student experience through the development of better facilities, linkages to public transport and improving overall food, beverage and retail offerings on campus.
The Roundhouse will provide a venue for concerts, events, conferences, seminars, box office, merchandise and food services.
In addition, the building will also provide a permanent University bar and beer garden with a secondary bar area.
With a capacity for 2,200 patrons, the Roundhouse remains one of the few venues in Sydney suitable for international live music performances.
The Roundhouse is set for completion in December, 2017. Subsequent remodeling of the public domain around the building will coincide with proposed new pedestrian linkages associated with the new light rail station on Anzac Parade, currently being delivered by Transport for NSW.
Multiplex has completed several new facilities at UNSW in recent years including the University Terraces student accommodation, the Materials Science and Engineering Building no known as the Hilmar Building and the Tyree Energy Technologies Building.
Multiplex also recently completed the new $125 million Biological Sciences Building, with classes commencing in the building in July, 2017 and was recently appointed to construct the new $174.4 million Science and Engineering Building.
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j.ballantyne1990-6AQqhLzZaK

Multiplex to deliver $24 million revamp of iconic UNSW Roundhouse

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Australia’s building market, a main driver of growth, is expected to decline over the next three years led by a drop in residential starts, says a new report by BIS Oxford Economics.
Residential starts are expected to fall 31 percent as key markets move into oversupply, according to the Building in Australia 2017-32 report.
Further, the BIS report says that the value of national building commencements peaked in 2015/16 at $107.3 billion (in constant 2014/15 prices), up 22 percent in real terms since the end of the resources investment boom in 2012/13. 
While a similar value of commencements is estimated for 2016/17, the report forecasts a cumulative 17 percent decline in the real value of commencements over the three years to 2019/20.
The report comes close on the heels of another BIS report that the muted retail industry will continue to struggle in the face of tough economic conditions and investment risks in the sector are higher. 
FIGURE 1: VALUE OF TOTAL BUILDING COMMENCEMENTS 
CONSTANT 2014/15 PRICES, $MILLIONS 
<a href="https://www.propertyobserver.com.au/images/2017/08/10/BISFig1.png" target="_blank" style="font-size: 12.16px;">Click to enlarge</a>
 <img src="https://www.urban.com.au/images/2017/08/10/BISFig1.png" alt="">
A soft economy, weak household income growth and subdued consumer spending will continue for some years, while Amazon’s entry will only add to the challenges to Australian retailers and shopping centres, says Retail Property Market 2017 to 2027. 
“The record breaking residential building boom is already turning, offsetting growth in starts for non-residential building through 2016/17,” said Adrian Hart, associate director of Construction, Maintenance and Mining at BIS Oxford Economics.
Residential building starts will decline sharply in the next two years, particularly in the investor-driven apartments segment, as supply catches up to underlying demand. 
BIS expects the total residential market to fall by around 31 percent over the next three years.
The decline will be even sharper for the number of private high density apartments getting underway nationally, being close to 50 percent.
FIGURE 2: NUMBER OF DWELLING COMMENCEMENTS 
<a href="https://www.propertyobserver.com.au/images/2017/08/10/BISHousing2.png" target="_blank">Click to enlarge</a>
 
<img src="https://www.urban.com.au/images/2017/08/10/BISHousing2.png" alt="">  
Figure 3: Dwelling Stock Deficiency, Thousands 
<a href="https://www.propertyobserver.com.au/images/2017/08/10/BISHousing3.png" target="_blank" style="font-size: 12.16px;">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/10/BISHousing3.png" alt="">
“Overall the slump will be similar in percentage terms to the residential downturns in the mid-1990s and the introduction of the GST in 2000/01,” the report said.
The economic forecaster’s outlook for residential building activity is more bearish than that included in the 2017/18 Commonwealth Budget, as well as last week’s RBI statement during its rate decision announcement.
The central bank has kept rates at a record low of 1.50 percent for a year now.
In the statement, Reserve Bank Governor Philip Lowe said the “current high level of residential construction is forecast to be maintained for some time, before gradually easing”.
“It may not be as rosy as all that,” said Robert Mellor, managing director at BIS Oxford Economics.
“Our dwelling demand/supply analysis indicates that all states with the exception of Victoria and New South Wales are either in balance or oversupply,” said Hart.
Dwelling completions are ahead of underlying demand over the next two years, implying a national residential stock surplus by 2018/19 despite New South Wales still being undersupplied.
“While high density dwellings do take longer to complete than traditional detached dwellings, when the end comes it will be very swift,” said Mellor.
“The high proportion of investor activity is another risk factor as investor sentiment can turn quickly. Overall, we expect 2017/18 will be the peak in high density residential completions, but that part of the market will slump around 50 percent in the subsequent two years. By contrast, a milder decline is forecast for detached houses. The saving grace is that the floor in residential commencements is likely to be higher than in previous busts.” 
Commercial property, however is a different story.
The Building in Australia report forecasts the value of non-residential building commencements to rise further in 2017/18 – following a cumulative increase of 25 percent over the past two years. 
“Improved economic conditions along the eastern seaboard are driving new commercial and industrial developments, particularly in New South Wales and Victoria,” said Hart.
“Offices, retail and accommodation commencements have been very strong, although the latter two segments will run out of puff in coming years given the project pipeline and fundamental demand drivers. By contrast, education and health segments are poised for further growth in commencements given a range of large tertiary education and hospital projects about to get underway.” 
However, the total value of non-residential building commencements is expected to ease later this decade, joining the downturn in residential starts.
“Except for a few sub-segments, the current upswing in non-residential building commencements is unlikely to be sustained over the next few years,” said Hart.
Weaker prospects for growth in retail sales will see a narrower pipeline for retail projects, while a tripling in accommodation starts since 2012/13 may also push activity in this segment over the top, resulting in a correction, added Hart.
Barring offices, transport buildings (eg. railway stations and airport terminals), health and education, most other non-residential building segments are expected to experience flat or declining commencements activity over the remainder of the decade.
BIS said the looming downturn in building commencements would be a strong challenge to achieving the three per cent growth targets for the Australian economy outlined in the 2017/18 Federal Budget.
“The strong growth in building commencements since 2012/13 provided a welcome boost for the Australian economy at a time when resources-related investment and construction activity fell heavily,” said Hart.
“But with residential building activity in particular now set for a sharp decline – along with its multiplier impacts on industries such as construction, manufacturing and retail – the Australian economy will need new investment drivers to support growth and employment.”
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Residential building starts to plunge 31 percent in three years: BIS Oxford Economics

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Finding homes in the $250,000 range is now impossible in Mildura, according to Herron Todd White’s July report.
The property investment firm says that it would be better to look for a complex of three or four residential units.
“When posed with this question in previous years, our recommendation has been to buy two houses, each at $250,000.
“However it is now almost impossible to find a reasonable standard home in Mildura for $250,000.
“Selling prices of 3-bedroom dwellings, especially those in a better part of town, are now starting at around $275,000, and so this strategy is now beyond our reach.
“For this year’s recommendation, we would suggest looking for a complex of most likely three or possibly four residential units.
“$500,000 should buy a complex built in the late 1980s or 1990s and of a reasonable standard.
“The main attraction will be the gross rental return of over 6%,” the report stated.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-mildura-125879142" target="_blank">5 Pearse Court</a>, Mildura (above) has been listed for between $270,000 to $290,000.
A similar three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-mildura-125994882?listingType=buy" target="_blank">15 Kedmenec Drive</a>, Mildura (below) has been listed for $274,435.
<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/2017/07/31/15%20Kedmenec%20Drive.jpg" alt="">
Factors such as living areas and car parking is important when looking for residential units Herron Todd White advises.
“The key is to find a complex which will be appealing to tenants, so look for reasonable size living areas and secure car parking, preferably in a west side or central location.
“The advantage of buying an entire complex rather than some units in a larger complex is the ability to control the management and co-ordinate any upgrading without the need to involve an Owners Corporation.
“Not only will this save money, it will also simplify management.
“In the past we have often observed that the downside of the higher rental return from unit complexes has been limited capital gain, however this seems to now be less significant, with recent sales showing that values of better standard complexes have increased at similar levels to detached dwellings.
“The higher interest in residential unit complexes is driven by buyers seeking consistent, annuity style returns.
“Some of these buyers would have historically focused on small commercial investment properties, however higher vacancy rates, particularly for commercial properties in the sub $500,000 price bracket, are a deterrent.
“Residential rents have also increased more rapidly than commercial units in the past few years,” the report advised.
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The $250,000 homes in Mildura becoming more expensive: HTW

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Marcoola has the highest unit rental yield in Queensland, according to Real Estate Investar’s latest report.
The property investment firm says that Marcoola’s unit rental yield is 13%.
This is followed by Manoora with 10% and Edmonton with 9%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="70">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="81">
Bedrooms
</td>
<td valign="top" width="117">
Current median rent
</td>
<td valign="top" width="79">
Rental yield
</td>
</tr>
<tr>
<td valign="top" width="70">
Marcoola
</td>
<td valign="top" width="64">
4564
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="117">
$260
</td>
<td valign="top" width="79">
13%
</td>
</tr>
<tr>
<td valign="top" width="70">
Manoora
</td>
<td valign="top" width="64">
4870
</td>
<td valign="top" width="81">
Studio and 1
</td>
<td valign="top" width="117">
$200
</td>
<td valign="top" width="79">
10%
</td>
</tr>
<tr>
<td valign="top" width="70">
Edmonton
</td>
<td valign="top" width="64">
4869
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="117">
$240
</td>
<td valign="top" width="79">
9%
</td>
</tr>
<tr>
<td valign="top" width="70">
Edge Hill
</td>
<td valign="top" width="64">
4870
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="117">
$280
</td>
<td valign="top" width="79">
8%
</td>
</tr>
<tr>
<td valign="top" width="70">
Bungalow
</td>
<td valign="top" width="64">
4870
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="117">
$265
</td>
<td valign="top" width="79">
8%
</td>
</tr>
<tr>
<td valign="top" width="70">
Woree
</td>
<td valign="top" width="64">
4868
</td>
<td valign="top" width="81">
2
</td>
<td valign="top" width="117">
$260
</td>
<td valign="top" width="79">
8%
</td>
</tr>
</tbody></table>
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-manoora-421450598" target="_blank">7/43 Jensen Street</a>, Manoora (above) is available for $180 per week.
Another one bedroom unit in the 4870 postcode at 4/401 Mccoombe Street, Mooroobool (below) is available for $200 per week.
<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/2017/07/21/4_401%20Mccoombe%20Street.jpg" alt="">
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Marcoola ranks highest unit in Queensland rental yields: Investar

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Bendigo is attractive to investors due to its low buy in price, according to Herron Todd White’s August report.
The property data firm says that non-local investors generally pay above market prices for property investments.
“Investors from the eastern capital cities of Australia could look at regional centres such as Bendigo with great interest due to the significantly lower buy in prices.
“Generally non-local investors are seen to pay above market prices for any type of property investment.
“New houses in new estates appear to be the most popular product with investors. Two-storey town houses located within the urban centre of Bendigo are also a sought after product.
“The most common price point for investors is the $300,000 to $400,000 bracket which is comparatively low compared to most metropolitan markets,” the report stated.
Epsom and Flora Hill are among the areas most sought after by investors Herron Todd White advises.
“The most sought after areas by investors are considered to be any of the growth corridors of Bendigo including Epsom, Maiden Gully and Strathfieldsaye.
“Inner urban areas in demand include the long established suburbs of Golden Square, Kennington and Flora Hill.
“These areas are within a short commuting distance of the Bendigo CBD.
“La Trobe University is located in Flora Hill and is the driving force behind investor demand in the Flora Hill and Strathdale areas,” the report advised.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-kennington-116854291" target="_blank">6 Marshall Crescent</a>, Kennington (above) has been listed for between $379,990 to $405,000.
Built in 1982 the property was last sold in 2009 for $235,000.
Another four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-epsom-126107186" target="_blank">16 Yellowgum Drive</a>, Epsom (below) has been listed for $365,000.
Built in 2013 the property was last sold in 2014 for $106,000.
<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/2017/08/09/16%20Yellowgum%20Drive.jpg" alt="">
Interest from non-local investors have declined in the past five years Herron Todd White warns.
“Non-local investor interest has declined over the past five years which appears to have coincided with the down turn in mining.
“This reduced interest has been of little to no impact on the local market.
“If there was a significant decline in investor interest, possible outcomes could include a slowing of new development in the growth corridors as well as a general uplift in rent returns.
“This could subsequently result in an uplift in overall property prices, however this remains speculative.
“For those interested in investing in the Bendigo market do not rely on short term capital growth; instead pay more attention to yields and future development potential,” the report warned.
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Bendigo attractive to investors due to low buy in price: HTW

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Former Frasers boss and veteran international property developer Dr Stanley Quek, has quietly bought a landmark row of commercial terraces in Potts Point for $18 million.
The <a href="https://www.realcommercial.com.au/property-offices-nsw-potts+point-502403498" target="_blank">Bayswater Road commercial site</a> is made up of four Victorian heritage terraces built in the late 1880s.
Quek, chairman and founder of Sydney based developer Greencliff, is a key figure in apartment developments across Australia as well as London and Singapore.
He was behind the Foster &amp; Partner designed Lumiere Residences in the Sydney CBD and the $2 billion Central Park mixed-use project in Sydney’s Chippendale.
The London-esque Bayswater Road strip came 100% leased to popular nightclub World Bar, an F45 training studio and a hair salon, but have probable residential or boutique hotel potential.
<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/2017/08/09/POTTS%20POINT%202.jpg" alt="">
Offering 32 metre frontage to Bayswater Road, the site area of 960 sqm across four freehold titles also offers boutique office accomodation.
It has possible residential terrace accomodation.
Knight Franks Richard Garland and Jonathan Vaughn were handling the recent resale marketing in conjunction with LJ Hooker Commercial agent Daniel O'Brien.
<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/2017/08/09/POTTS%20POINT%203.jpg" alt="">
It last traded for $12 million in 2015 when it was bought by a consortium including Eagle Property Group and hotel entrepreneur Paul Fischmann. 
Fischman is the founder and chief executive of 8Hotels.
Dr Quek held senior positions across Frasers Property Australia, Frasers Property UK and region development.
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Greencliff's Stanley Quek buys Potts Point commercial terraces

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A nine hole golf course has been listed at Windsor overlooking the Hawkesbury River.
The <a href="https://www.rumcorpsgolfcourse.com.au/" target="_blank">Rum Corp Barracks golf course</a> has a $3.99 million asking price through estate agent Stephen Lord.
It has bbq facilities and seating for up to 70 people, overlooking the course that sits on 20 hectares.
There's a pro shop, machinery shed and staff lunch shed. The sale includes 23 Yamaha drive carts.
All very basic, but Lord says he has been surprised at the interest shown already from Chinese buyers.
It is in a flood zone which would impact its development capacity.
It first appeared in the Sunday Telegraph.
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Windsor golf course listed for $3.99 million

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Developer TOGA is calling for architects to compete for the final design on Sydney's Surry Hills Shopping Village.
The City of Sydney endorsed TOGA's planning proposal for the redevelopment last month.
TOGA will extend James Street between Marriott and Baptist Streets to create a double-storey retail precinct.
A second through-site link will connect the site east to west, with a new 500sqm inner-city park.
Crown Street’s retail strip will be extended south.
Fabrizio Perilli, TOGA Development &amp; Construction CEO said architectural firms will be asked to design a mixed-use development with more than 170 apartments and 9000sqm of commercial and retail space.
“This project presents the unique opportunity to design a vibrant mixed-use precinct and transform a piece of local history into a welcoming neighbourhood with an intimate connection to popular Crown Street and the broader inner-city area,” he said.
“Surry Hills Shopping Village will be rejuvenated into a lively destination attracting local residents and visitors to its thriving retail scene and pedestrian-friendly configuration.
“A mix of apartment and townhouse-style housing within the new development will provide important new housing options for a range of people, including families, looking to be closer to amenities and transport,” Mr Perilli said.
“We are thrilled to begin the design excellence process to realise our vision for the project as a vibrant local shopping and living precinct."
A selection of studios, one, two and three-bedroom apartments and two-storey townhouse dwellings are expected to be included within the final design.
The design excellence competition will be run in accordance with the City of Sydney’s Competitive Design Policy and will be judged by a panel of property industry experts later this year.
Construction is anticipated to commence in 2018.
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TOGA to launch design competition for Surry Hills shopping village

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Houses in Darwin and Perth take the longest time to sell across any of the capital city private treaty market, according to CoreLogic’s latest report.
The property data firm says that it takes 84 days in Perth and 74 days in Darwin.
This is compared to Sydney and Melbourne where it takes around a month to sell.
Sydney's 33 days is higher than the 26 days being taken in 26 days.
<a href="https://www.propertyobserver.com.au/images/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.36%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/08/07/Screen%20Shot%202017-08-07%20at%2011.04.36%20am.jpg" alt="">
The unit market is a slower market in all capitals except Sydney, where there is also a 33 day time on market period.
Darwin units take 107 days on market.
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nt-darwin+city-125224626" target="_blank">43/9 Carey Street</a>, Darwin (above) was sold for $375,000 after spending 100 days on the market.
It was last sold in 2005 for $399,000.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nt-parap-124749962" target="_blank">7/16 Somerville Gardens</a>, Parap (below) was sold for $325,000 after spending 150 days on the market.
It was last sold in 2003 for $70,000.
<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/2017/08/07/7_16%20Somerville%20Gardens.jpg" alt="">
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Sydney eases to 33 days on market, but Darwin and Perth take more than double the time to sell: CoreLogic

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An architecturally designed six bedroom Bicton house has been listed for $6.5 million plus.
Located at <a href="https://www.realestate.com.au/property-house-wa-bicton-125692962" target="_blank">127 Point Walter Road</a>, the property is situated high up on the hill and faces north with views of the river.
Built in 2004 the property last sold in 2009 for $7.57 million.
Spanning over four levels the property has a variety of living and lifestyle areas.
It features an expansive open plan area that consists of a kitchen with high quality stainless appliances as well as a dining area.
A lounge and theatre room is also available along with log effect gas fire and glass walls and doors that leads to the main outdoor pool area.
<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/2017/08/08/127%20Point%20Walter%20Road-2.jpg" alt="">
The master bedroom spans across the entire top floor of the property and is complete with sitting room, full height marble tiled bathroom, dressing room and balcony.
There is also a separate self-contained resident that opens directly to the pool.
Other features includes a six person lift and a Japanese courtyard.
The property is offered through LJ Hooker agents Manon Doulcet and Samantha Payne.
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Six bedroom architecturally designed Bicton house listed for $6.5 million plus

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

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Alfred Street the latest North Sydney pocket to be transformed by residential development

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

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[smartcode_project_cta:default project_id=145590]

Staff reporter

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