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Units in Melbourne, the NSW Central Coast, the Gold Coast and Newcastle are at the peak of the market according to the July property clock from Herron Todd White.
Apartments in Cairns, Townsville and the Whitsundays are ranked at the bottom of the market.
Apartments in Sydney, Ballarat and Dubbo are approaching the peak of market.
Melbourne, Coffs Harbour, the Gold Coast and Newcastle were at market peak last month too.
<a href="https://www.propertyobserver.com.au/images/2017/07/11/Screen%20Shot%202017-07-11%20at%208.47.56%20AM.png" target="_blank">Click to enlarge</a>
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According to HTW, inner city Melbourne continues to be the fastest growing capital city in Australia, driven by migration from both interstate, regional and overseas areas which in turn creates higher demand.
HTW said the Melbourne CBD and inner city suburbs residential market has remained steady throughout the year, with rental returns generally ranging between 3 percent and 6 percent. 
"At an entry point of $500,000 you will not be able to purchase a detached dwelling, terrace or townhouse, however, 1-bedroom or compact 2-bedroom apartments with a car space may be available," HTW said.
"In response to the growing demand, Melbourne city planners have been green-lighting new medium rise and high-rise residential developments. 
"Many new apartment buildings are nearing completion and many more are currently being built or are approved for construction, adding growing concerns of apartment oversupply which has been covered extensively in previous reports."
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j.ballantyne1990-6AQqhLzZaK

Melbourne apartments at peak of market: HTW July property clock

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Half of the top 20 suburbs in Australia that are under mortgage stress are in Victoria, which is a "serious problem", according to a report by the Grattan Institute.
The report's data, which was based on the latest census, found Wollert, which is about 27 kilometres north of Melbourne's CBD, had the highest percentage of houses under mortgage stress in the nation, at 23 per cent. But sales appear to be humming along nicely.
Roxburgh Park is a close second at 20.9 per cent.
Wollert's median house price sits at $478,000, with listings and sales showing no signs of stress. 
A three bedroom house at <a href="https://www.realestate.com.au/property-house-vic-wollert-125667318">39 Pine Park Drive</a>, Wollert (below) was listed for July auction with hopes between $470,000 to $515,000.
It was sold earlier for a stronger $540,000.
Built in 2013 the block of land was sold in 2011 for $212,000.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-vic-wollert-125419758">30 Vanin Street</a>, Wollert (above) has been listed for $525,000.
It was last sold in 2012 for $192,000.
<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/2017/07/11/39%20Pine%20Park%20Drive.jpg" alt="">
A five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-wollert-125694010" target="_blank">13 Pine Park Drive</a>, Wollert (below) was sold this month for $695,000. The agent's pre-auction estimate of its selling price was $680,000 to $740,000.
<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/2017/07/11/13%20Pine%20Park%20Drive.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-wollert-125698470" target="_blank">7 Ludeman Drive</a>, Wollert (below) was sold earlier this month for $601,000.
Built in 2012, it was last sold in 2014 for $365,000 and the block of land was sold in 2010 for $193,000.
<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/2017/07/11/7%20Ludeman%20Drive.jpg" width="700" height="425">
Mortgage stress is defined as any household that spends 30 per cent or more of its income on loan repayments.
"Mortgage stress is particularly acute on the suburban fringes of our major cities, especially Victoria," Grattan Institute Fellow Brendan Coates said.
"Places like Roxburgh Park in the north, Cranbourne West, Burnside Heights and so on, have quite significant mortgage stress.
"I do think this is a serious problem," he told the ABC.
The top 10 most stressed suburbs are:
<ol>
<li>Wollert, VIC (23%)</li>
<li>Roxburgh Park – Somerton, VIC (20%)</li>
<li>Upper Yarra Valley, VIC (20%)</li>
<li>Chullora, NSW (20%)</li>
<li>Mickleham – Yuroke, VIC (20%)</li>
<li>Cranbourne West, VIC (19%)</li>
<li>Burnside Heights, VIC (19%)</li>
<li>Lawson, ACT (19%)</li>
<li>Byford, WA (19%)</li>
<li>Forrestdale – Harrisdale-Piara Waters, WA (19%)</li>
</ol>
The report goes on the say that across the nation, many households could find themselves in trouble if the economic environment changes even slightly.
Just a two percent rate rise "would create more stress than 17pc rate in 1989," the institute has suggested.
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Melbourne suburb, Wollert the most mortgage stressed in the country

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There's an inviting attic day bed at the latest Tasmanian trophy property offering - a boat shed among the 36 boat sheds on the edge of Cornelian Bay, Hobart.
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<a href="https://www.realestate.com.au/property-other-tas-new+town-125806346" target="_blank">Boat shed 6</a>, which is on the market with a guide of $225,000-plus, has a kitchenette, dining and sitting area and a wood fire.</div>
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<div class="in-content-ad">A ladder leads to a day bed in the attic space.</div>
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The owners are selling because they no longer live in Tasmania.
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<div class="in-content-ad">Boat shed 6 is on the market through Charlotte Peterswald for Property.</div>
Power and water is connected but there is no plumbing.
The boat shed has a shower – owners must use biodegradable soap products – and toilet amenities need to be of the portable kind. 
The furniture and whitegoods are included in the sale of boat shed 6.  
The sale is for the freehold ownership of the 70-square-metre boat shed building. There is a Crown lease over the water, typically 25 years, and owners must pay an annual fee of about $2000, which goes towards maintenance of boat shed access and the footpath.
The local paper says among the Cornelian Bay boat shed owners are artists and writers, who use them as creative retreats. 
The boat sheds were built on the Derwent River from the 1890s to the 1930s.
Two doors along, <a href="https://www.realestate.com.au/property-other-tas-new+town-125741282" target="_blank">boat shed 8</a> is also on the market. Sam Towns, of Petrusma Property Sandy Bay, has the listing and the guide is $245,000 to $275,000.   
They are now on the state’s heritage register.
Heritage Tasmania maintains <a href="https://heritage.tas.gov.au/Documents/Cornelian%20Bay%20Boathouses%20Guidelines.pdf" target="_blank">development guidelines</a> for the boat sheds, according to the <a href="https://www.facebook.com/Sheddies/" target="_blank">Friends of Cornelian Bay Boat Sheds page</a> on Facebook.
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Boat sheds listed on Cornelian Bay, Hobart

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The former church at 37 Briggs Road, Old Beach has been snapped up.
Carol Brill sold her renovated 1850s church after just five days on the market.
“The quick sale was not a huge surprise, but I knew that it needed a special person who was interested and cared about the history of this property — and the people who are buried here,” she told the local paper.
Ms Brill grew up in Devonport, but was living in Victoria in 2004 when she came back to Tasmania to do some research on her ancestors.
On the way back to the airport, she drove to Old Beach and discovered the Old Beach Wesleyan Chapel, which was for sale. 
Old Beach on Hobart’s Eastern Shore is a suburb on the move.
LJ Hooker Hobart sales consultant Jo Harris said the average “days on market” is 38.
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Former Tasmanian church sold

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Over the past 30 years, ‘The Hills’ has transformed from a mostly rural area to a part of suburban Sydney.
The area is characterised by new residential development, access to amenities and plenty of green space.
The Government is supporting the area’s evolution.
According to Savills Spotlight Research Report – ‘Residential Property in The Hills’ the area is set to benefit from improved transport links and parts of the area overlap with priority growth area of North West Sydney, one of the locations the government have identified to provide new homes and jobs for Sydney’s growing population.
For the purpose of this report, the Hills area is defined as the following suburbs: Baulkham Hills, Beaumont Hills, Bella Vista, Castle Hill, Glenwood, Kellyville, Kellyville Ridge, Kings Langley, Parklea, Rouse Hill, Stanhope Gardens and The Ponds.
According to Sophie Chick, Head of Residential Research at Savills and author of the Spotlight report, traditionally The Hills’ residential development has been focused on large residential subdivisions and low density housing.
“Across the area, just 17 percent of the dwellings are medium or high density compared to 40 percent across Greater Sydney.
"This varies by suburb, in Baulkham Hills and Castle Hill, neighbouring the Norwest Business Park, a quarter of the residential stock is units compared to Beaumont Hills and The Ponds where there are next to none.
“However, the forecast improvement in transport infrastructure, particularly the Sydney Metro Northwest, has led to an increasing number of apartment and townhouse developments, particularly around existing and forecast railway stations.
“Across the area just 38 percent of the development approvals from the start of financial year 2015 to December 2016 were for houses while the rest are ‘other’, which are primarily apartments or semi-detached dwellings” she continued.
As well as the improving access a number of employment centres throughout Sydney, The Hills is also home to a number of growing employment hubs including the Norwest Business Park, Castle Hill Town Centre and Rouse Hill Town Centre.
Norwest Business Park has already grown to accommodate over 20,000 employees with expansion expected to increase to over 35,000 employees.
Ms Chick said house prices across The Hills have experienced strong growth over the past 10 years, increasing by 119 percent, outperforming the average growth seen across Sydney as a whole.
“More recently, the double-digit growth has continued with values rising 11 percent over the year to April 2017.
“The median value across The Hills in April 2017 was $1.21 million, slightly higher than the Sydney average of $1.15 million but offering a substantial discount when compared to central Sydney, the inner west and the north western suburbs”.
The Hills has one of the fasting growing populations of area in Sydney. From 2011 to 2016, estimates show the population across The Hills local government area has increased 12 percent.
This has significantly added to the demand for real estate in the area, equating to 3,520 new residents per year.
Ms Chick said The Hills area has already experienced higher population growth than many other areas in Sydney and this is set to continue.
“Over the next 20 years, the Hills local government area population is forecast to increase by 76 percent to 291,000 people compared to a 37 percent increase across Greater Sydney.
"This equates to an additional 6,300 people per year and is likely to contribute to the already high demand for residential property in the area.
“The population growth is being driven by a combination of residential development activity, infrastructure improvements and new employment opportunities.
"These factors are anticipated to improve the quality of life for existing residents and make the area accessible to a wider demographic of people” she said.
For more information go to Savills' home <a href="https://www.propertyobserver.com.au/savills.com.au" target="_blank">page</a>
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Savills shines the spotlight on The Hills area

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The Fortitude Valley, Brisbane home of architect James Russell has been listed with $1.8 million to $2.2 million hopes.
Architect James Russell is moving on from his award-winning home, tucked between a heritage-listed church and hall on Brookes Street.
It is located in the middle of Brisbane's urban area, the 1888 built property gives prospective home owners a point of difference in the luxury property market.
It has recently been renovated and the Gothic structure has been converted into a three-bedroom courtyard home with separate commercial office and coffee-shop tenancy in the adjacent building.
Wrapping around a central courtyard, the three-bedroom, two-bathroom home spans three storeys.
It has been marketed as a celebration of concrete, steel and glass along with the warmth of timber joinery. 
There’s a commercial office space opening onto a landscaped forecourt.
There is room to park six cars. 
Matt Lancashire of Ray White New Farm is taking expressions of interest.
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Fortitude Valley Brisbane home of architect James Russell  listed

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A five bedroom house at Drysdale, Victoria has been listed for sale with price homes between $2.8 million to $3.08 million.
Located at <a href="https://www.realestate.com.au/property-acreage+semi+rural-vic-drysdale-125663986" target="_blank">221-229 Whitcombes Road</a>, the six acre property features an award winning vineyard.
Marketed as perched on Mount Bellarine, the home was built in the early 1990s.
The property was last sold in 2014 for $1.06 million.
It also has an 180 degree view over Port Phillip Bay with Mount Moriac, Otway Ranges and Bass Straight.
With the productive black cracking, self-mulching clay soil the 4 acre vineyard produces fruit with ripening flavour and intense richness and colour.
It has 1.5 acres Shiraz, 1.5 acres Sauv Blanc, 0.4 acres Pinot Gris and 220 Viognier vines.
It has received two gold medals at 2010 Geelong Wines Show along with two gold and two silver medals in the 2012 James Halliday Wine Companion.
The last season produced a harvest of 12 tons.
The house is designed in a U-shape and encircles a Japanese water garden courtyard.
It also has four bedrooms, three living areas and a study while the master suite has fitted walk-in robe and second huge dressing room along with ensuite.
The sitting room leads from the lounge and could be used as a formal dining room.
<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/2017/07/04/221-229%20Whitcombes%20Road-2.jpg" alt="">
The living zone has window seats as well as a vintage Darby wood burner.
There is also an alfresco space with semi-commercial kitchen featuring a 900mm cooker and dishwasher.
The property is only five minutes to Drysdale, 30 minutes to Geelong and an hour and a half to Melbourne.
The property is offered through Bellarine Property agents Lee Martin and Christian Bartley.
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Drysdale boutique vineyard listed at $2.8 million plus

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The Mayfield Garden near Oberon in central west New South Wales, one of the region's most popular tourist attractions, will "most likely" close if a nearby quarry is expanded.
Oberon Earthmoving, which processes organic materials like rock and mulch, has put in a development application to expand its operations. 
The application, which is with the Oberon Council and will then go to a Joint Regional Planning Panel, is seeking to expand operations from two hectares to 15.
Sydney millionaire, Garrick Hawkins, who owns the Mayfield Garden has indicated it may have to close down the 160 acre family project, should the expansion be approved given concerns about increased traffic, dust and visual and noise impacts which would deter tourists from visiting. 
The garden's commercial director Amy Collins said it would be detrimental to the operations. 
"There is going to be an extensive impact on the gardens," Ms Collins said noting it draws thousands of visitors a year.
Oberon Earthmoving manager Zac Rowlandson told the ABC the potential impacts had been "overstated".
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Garrick Hawkins might close Mayfield Garden, Oberon over quarry expansion

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The 420 St Kilda Road, Melbourne office block is under offer.
The developer CEL Australia, an offshoot of Singapore listed property group Chip Eng Seng, had $65 million-plus hopes for the 10-level office building.
It last traded at $45 million for in December 2013 when <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-500937343" target="_blank">the Savills marketing</a> noted the 10,528sq m space had a net passing income of $3,675,000 per annum.
CEL listed it in the hope of capitalising on the recent strong performance of the St Kilda Road office precinct where residential conversion has helped drive down the vacancy rate from a peak of 14.2 per cent to six per cent over recent times.
The 420 St Kilda Road spaces serves as CEL's local head office alongside tenants, ANZ Bank and APP Corporation.
The corner site of 2,286sq m came with 105 metres of total street frontage to St Kilda Road and Kings Way.
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CEL's 420 St Kilda Road under offer

Elaine, the two acre property situated at the shores of Sydney Harbour at Double Bay, was marketed with a video by Golden Eye Media.

The property had been home for 120 years to the Fairfaxes, one of the world&rsquo;s greatest media dynasties, it noted.

It noted the view was so rare that it was considered one of the great private holdings of the world - and the largest that will ever be offered for sale.

&ldquo;There&rsquo;s no doubt in my mind this maybe the shortly the last of such properties, of such scale and quality to survive in private hands,&rdquo; according to Howard Tanner, historical architect and Fairfax confidant told the camera.

Built in the 1860s, a time when Sydney&rsquo;s upper class family was staking a claim to the land, it is set over six titles offering scope for change should it be desired.

The property sold recently for $71 million to tech entrepreneur Scott Farquhar.

<iframe frameborder="0" height="253" src="https://player.vimeo.com/video/82254294?title=0&amp;byline=0" width="450"></iframe>

Elaine, Double Bay - Australia's most expensive property from above

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."

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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.

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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.

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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."

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[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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