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A freestanding mortgagee home in Marsden Park has come onto the market.
Located at 59 Larkin street, the single-story residence is situated on a 250 square metre block and has 29 square metres of internal floorspace.
It features three bedrooms, two bathrooms, and small grassed area, and a garage.
It was built in 2018, and sold that year for $628,900.
Marsden Park’s median house price is $799,500.
David Martignago, from Century 21 Hometown Realty, has the listing.
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j.ballantyne1990-6AQqhLzZaK

Marsden Park mortgagee home listed for sale

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A mortgagee apartment in Sydney Olympic Park remains listed at $575,000.
It is located on level nine of the Australia Towers complex, at 906/7 Australia Avenue.
It features a single bedroom, a bathroom, a kitchen, a balcony, and a secure car space.
There is 76 square metres of internal floorspace.
Sydney Harbor’s iconic skyline is visible from the unit’s balcony.
It last sold in 2012 for $540,000 – just $35,000 less than it is listed for currently.
Joe Bousimon, from Belle Property Strathfield, has the listing.
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Australia Towers mortgagee apartment listed at $575,000

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As we enter reduced restriction levels as our stages of lockdown change, this is a positive sign for the economy that we are starting to resume business activities, albeit in a new way.
During this time, Ray White Commercial has been active in listing, selling and leasing commercial assets with many investors, developers and business owners keen to continue to plan for the future. 
The way which we do business may have changed but it has also resulted in the advancement of technologies which will be now more accepted such as online auctions, virtual tours etc. 
With record low interest rates and banks now more mobilized to complete transactions, we continue to see high levels of enquiries and buyers with finance ready with the ability to transact.
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Sales activity for this week remains at a similar level to last week recording over $114 million across 32 transactions. 
This week we have seen the average sale price of over $3.5 million well ahead of last week which featured a higher volume of smaller sales with an average of just $2.2 million. 
Close to $50 million of these sales were transacted in Queensland, spread across all asset classes with retail and development site activity greater than traditional industrial assets while medical related properties also sold. 
We have seen a number of medical facilities change hands this year and a growing number of enquiries in this sector may see it a more favourable investment option in a post COVID-19 economy.
NSW sales were limited but development site activity together with a number of smaller regional assets, while WA featured prominently this week with a number of industrial sales.
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Over the last six weeks, Ray White Commercial has recorded over $1.17 billion in Australian commercial transactions in the sub $50 million asset class. 
The reduced sentiment due to the current COVID-19 crisis not significantly dampening activity for private investor and developer purchasers while a number of institutional buyers have also transacted. 
Over this short period the spread of assets which have sold highlight the ongoing demand for a range of stock suggesting future confidence across all asset classes despite the current economic uncertainty. 
Industrial assets contribute a quarter of all sales while development sites increase their foothold representing 22.13 per cent of turnover. The office and retail asset classes which were anticipated to be adversely affected by the pandemic has accounted close to 38 per cent of all turnover demonstrating longer term confidence of this class. Encouragingly, uses such as hotels, aged care, child care and student housing have all seen robust investment activity.
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Commercial property transaction volumes sub $50 million: Ray White

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The uptick in commercial leasing activity has continued this week with Ray White Commercial offices completing the highest volume of deals during this COVID-19 period.
The ongoing elevated level of enquiries translating into new leases being signed is an encouraging sign for the local economy. Industrial remains the asset class in greatest demand however we continue to see confidence levels improve with a growing number of retail and office transactions complete.
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As we move through the staged reductions of lockdown, many restrictions have been lifted allowing property inspections at a safe social distance. Subsequently, technology has been instrumental in keeping the real estate industry active, many deals completed over the past few weeks have involved virtual inspections and during this time of limited contact, assets which have professional photography and a quality online presence have yielded impressive and rapid results.
The top three leasing deals of the week demonstrate the importance of embracing technology as a key instrument in the industry. 
A 130 sqm office at <a href="https://www.commercialrealestate.com.au/property/14-85-mt-derrimut-road-derrimut-vic-3026-9944622" target="_blank">Mt Derrimut Road, Deer Park</a> in Victoria was leased earlier this month by an immigration lawyer. Ray White Commercial Ferntree Gully agent Paul Waterhouse explains, "Leased in one week after using professional photography including aerial, floor plan and 3D walk through." 
An industrial property at <a href="https://www.raywhite.com/qld/stapylton/2289653/?lang=en" target="_blank">Maiella Street, Stayplton</a> in Queensland was leased last week through Ray White Commercial Springwood agent Adrian Hamilton. The 225 sqm property has now been leased to a metal fabrication workshop. Hamilton says, "During the COVID-19 lockdown we have continued to see strong demand for this size property in the area. The property was leased within two weeks of being on the market." 
A 203 sqm retail property at <a href="https://www.realcommercial.com.au/leased/property-194-herries-street-toowoomba-city-qld-4350-503105086" target="_blank">Herries Street, Toowoomba</a> in Queensland was leased to a flooring retailer by Ray White Commercial Toowoomba agent, Mark Wynhoven. "It is encouraging to see retailers having confidence in the Toowoomba market despite the COVID-19 restrictions, the high exposure of this property [is] one of its greatest advantages," he says. 
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Commercial leasing activity continues to uptick: Ray White

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Calls for infrastructure and health policy have been made by local and state government representatives and the housing and homelessness sector during today’s Preventing a Return to Homelessness – Government’s Perspective online forum.
Organised by the Australian Alliance to End Homelessness (AAEH), representatives from commonwealth, state and local government discussed practices and strategies that need to be implemented to end homelessness and rough sleeping in Australia. 
Chair of AAEH, Karyn Walsh called for a homelessness recovery plan that addresses Australia’s ongoing crisis of homelessness.
“Homeless populations are very vulnerable in community transmissions. People cannot abide by public health directives of social distancing, hand hygiene and staying home if they don’t have a home or place to stay,” said Ms Walsh.
“We need to make sure we are not leaving people behind as the recovery period starts. Moving forward it’s so critical that there is a vulnerable person and homelessness recovery plan that looks to long term goals and ensures that the curve is flattened and stays flattened.”
The Hon Luke Howarth MP, Assistant Minister for Community Housing, Homelessness and Community Services spoke about the Commonwealth’s focus on housing and homelessness in Australia.
“My key focus is reducing the incidence of homelessness and safe and secure housing; and Housing First because we know this leads to better health education and safety outcomes and workforce participant and choices in the bridge to recovery,” said Minister Howarth.
The government remains committed to working across the housing spectrum to improve outcomes, particularly to those most in need.”
Director of the Centre for Social Impact, University of Western Australia Professor Paul Flatau estimates that among homelessness agencies linked to the AAEH, there have been 2,260 people rough sleeping or at immediate risk of sleeping rough sleeping around Australia who have been provided with temporary accommodation in motels and hotels and other temporary lodgings under government supported programs since the beginning of the COVID-19 pandemic. While precise estimates are not available, the total number of rough sleepers supported could well be close to 5,000. This represents one of the most significant homelessness responses Australia has seen.
While the focus remains on increasing the supply of social housing to meet the long-term permanent housing needs of those experiencing homelessness, Professor Paul Flatau estimates that a national program in the private rental market supported by head-leasing arrangements with community housing to end homelessness among around 2,050 homelessness people could be put in place in the immediate future at a rough cost $380 per week per person (comprised of housing rental subsidies and additional support dollars to community housing and homelessness services), or $40 million per year. He says that research indicates the benefits of ending homelessness outweighs its cost.
“All our research and evaluations show significant savings and improved lives, reduced mental health issues, improved quality of life and improved employment outcomes from effective Housing First programs. Those programs have resulted, in the main, in net savings to government,” Professor Flatau said.
“Homelessness is something we don’t need to accept as a normal thing. Rough sleeping should be rare, brief and non-recurring – that is the standard we must set for ourselves and achieve. If the COVID-19 pandemic has shown anything, it’s that rapid progress is possible on that goal in short periods of time,” said David Pearson, CEO of AAEH.
“We all know that Housing First and investment in social housing is absolutely needed as a very simple solution to a very complex problem. When we pair that with support services, then we can address the underlying issues of homelessness,” Lord Mayor of City of Adelaide and Chair of the Council of Capital City Lord Mayors, Sandy Verschoor said.
“It’s the right thing to do socially and economically. This post-COVID national response gives us the perfect opportunity to do what is right. It requires a shift in thinking and a shift in investment. The primary thing we need is a significant investment in the infrastructure itself which is housing outcomes.”
A number of state and territory representatives spoke during the forum as well, discussing actions proactively being taken to end homelessness across the country. Speakers included:
<ul>
<li>
Roger Jaensch MP, Minister for Housing, Tasmanian Government</li>
<li>
Karen Walsh, Acting Deputy CEO at Northern Territory Department of Local Government, Housing and Community Development</li>
<li>
Mark Wall, General Manager Strategy Policy and Programs, Housing, Homelessness and Sport, Department of Housing and Public Works, Queensland Government</li>
<li>
Tiffany Allen, Executive Director of Housing and Homelessness at Department of Communities, Western Australian Government</li>
<li>
Paul Vevers, Deputy Secretary of Disability, Housing and District Services and Emergency Management, Department of Communities and Justice, New South Wales Government</li>
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Paul Reardon, Executive Director, Customer and Services of South Australian Housing Authority</li>
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Infrastructure and health policy needed to end homelessness: AAEH

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EXPERT OBSERVATION
Reducing the emphasis on cars and making more room for people to walk and cycle are just some of the ways streets could change for the better in the wake of the coronavirus pandemic. 
According to UNSW Built Environment lecturer Dr Mike Harris, the coronavirus is exposing problems with our vehicle-dominated street designs that existed long before the pandemic. 
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“It’s showing the disproportionate amount of street space dedicated to cars, because all that space set aside for cars is now sitting idle, while our footpaths aren’t wide enough for people walking, especially under social distancing guidelines,” the landscape architect and urban designer says.
“People are also using their local streets more because they’re working from home. So we’re living more locally, and recognising more the need for better quality streets for our quality of life.”
The need for wider footpaths
The pandemic is highlighting the importance of immediately accessible open space and walking and cycling facilities that many parts of Sydney lack. 
One of the arguments behind widening footpaths is so you can have space to pass people more easily, and with social distancing, it's really shown just how narrow common footpath widths are. Even in our densest areas, many are about one and half metres wide, next to an expanse of asphalt for cars. 
Footpaths should arguably be at least double that width, and that's before we add planting, trees, seating and bike lanes. 
There is so much that streets can do but are often so limited from all the space excised to move and store cars. It's remarkably short-sighted when you think about it. 
In addition to widening footpaths, separated bicycle lanes and closing streets to cars are some of the other short-term streetscape measures cities around the world have taken to adjust to increased street activity. 
Most cities were already installing separated bicycle lanes, better pedestrian amenity. Like many trends, COVID-19 is increasing the speed of how these things get implemented. 
Everyone is getting a forced test run to trial these pop-up things, so it means that all of a sudden, everyone's getting exposed to what our streets could be like. 
Cities around the world are readily adopting temporary measures, with local councils in Sydney like to follow suit. 
I'm surprised though that we haven't been as quick, there is such a clear demand, although Centennial Park has closed to cars on the weekend because it is much busier than usual. 
This 'forced experiment' could be the catalyst for transitioning towards pedestrian-friendly streets on a more permanent basis. 
I think people are showing that they're super keen to get out there and experience the public space in a much stronger way than what they did previously, so the public is ready to go. 
More cycleways, fewer cars 
Bike sales have also increased dramatically during the coronavirus pandemic. While overall transport usage in the City of Sydney is down to 13 per cent cycling is only down to 60 to 90 per cent of prior rates. 
Surveys are showing that the majority of people think things are better with fewer cars; less pollution, quieter and safer streets, for example. 
In the travel behaviour shifts too during the pandemic, most car commuters do not miss commuting at all, but the vast amount of walking and cycling commuters miss their commuting time. 
There will likely be a trend of more people using private forms of transportation in the immediate aftermath of the pandemic. But whether that leans towards the car or the bike is up to policymakers. 
A message that has explicitly come from governments in bigger cities overseas is that if you can do anything right now, ride a bike. If all those people who would usually take the New York or London subway decide to drive when they go back to work, the city will be gridlocked, similarly with Sydney. 
It’s an opportunity for a lot of people to consider riding a bike, at least for some trips or part of their trip, and a portion of them will want to keep doing it ... but as is the case now most of those people will claim they want to, but can’t because there are not enough facilities.
We should invest in a greater number of smaller, easily delivered projects like cycleways, which have more local job creation and less financial and environmental costs. 
It’s definitely time, as the Committee for Sydney is now urging. Less than $10 per person, per year, is spent on cycling infrastructure in Sydney, compared to $41 in London and $50 for Vancouver.
Investing for the next crisis
While reverting back to the vehicle-dominated streets would be easy, the rare opportunity to make our streets more liveable shouldn't be squandered. 
Just a few weeks ago, Beijing and Shenzhen reported heavier peak-hour congestion than the same period last year, and the images of blue skies without air pollution may become a memory. 
What will need to happen is for the government to take the opportunity, while it's there, to make some real changes. If nothing much happens, with the passing of time, and if structural changes haven't occurred in our streets, then slowly things will probably just go back to normal. 
In doing so will have lasting impacts that could better prepare the built environment to endure a future crisis. 
There's a long history of open space being used and transformed in response to public health crises. Planning for New York's Central Park began in the immediate aftermath of New York's second Cholera outbreak in the mid-1800s, along with wider urban boulevards. 
One of the reasons cities in the Netherlands or Denmark are so pedestrian-friendly, cycling-friendly cities today is because the government made concerted decisions to rely less on cars after the 1970s oil crisis. They recognised it was a vulnerable and costly transport mode and made a series of policy decisions and planning changes, that a couple of decades later, you see these profound results of very health, engaging, prosperous, people-friendly cities. 
What smart cities will do is make use of this opportunity and enact intelligent decisions that in 20 years will make their cities better-quality places to live and work. 
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How streets could become more liveable post-coronavirus: UNSW

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Rio Developments Pty Ltd has sold two new 278sqm industrial units in Seven Hills for a combined total of $2,350,000 +GST. 
Separate private investors purchased Units 1 and 10 on Brumby Street, as part of a 10-unit industrial estate.
The fully-secure premises offer quality, high-spec office accommodation, ample parking and an onsite sub-station that provides each unit with 80 amps of three phase power.
The units can be accessed via one container height roller door with an internal clearance of up to 7.5 metres.
CBRE’s Matthew Alessi negotiated the deals, noting it was the estate’s easy access to major arterial roads and the M7 and M2 motorways that attracted the buyers.
“Both purchasers were attracted to these buildings as they are located near major roads at the front of the estate, offering a balcony and exposure to passing traffic on the street,” said Mr Alessi.
“The estate is now complete and has three brand new units remaining for sale,” he concluded
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Investors snap up new industrial units in Seven Hills: CBRE

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A number of recent deals have highlighted that project tenants have been active in securing office accommodation in Sydney, according to Ray White.
Hutchinson Builders was one of the latest tenants to lease project space, having secured an office of approximately 171.5 sqm in ‘as is’ condition at Level Six, 104 Bathurst Street.
The building near Hyde Park was known as International House.
The initial lease term was 18 months and typical gross effective rents for similar unrenovated suites were circa. $500psqm p.a. to $600psqm p.a.
The tenant was to provide an internal fit-out including offices and plumbed kitchenette to accommodate an administrative team for a nearby project.
The deal was negotiated by Ray White Commercial South Sydney's John Skufris - on behalf of a private owner.
“Stowe Electrical and Fredon Air both also leased offices at 75 King Street, just north of Town Hall to use as project space, and we've been contacted directly by two other project tenants with immediate short-term leasing requirements,” Mr Skufris said.
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Demand for project space on the rise during Covid-19 in Sydney: Ray White

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Western Sydney is set for a further construction boom, with two more projects getting the green light today through the NSW Government’s Planning System Acceleration Program. 
Planning approval has been given to a new recycling facility in Penrith and a major upgrade to a brick production facility in Horsley Park that, combined, will inject an additional $27.8 million into the economy and support more than 130 local jobs. 
Premier Gladys Berejiklian said Western Sydney has been a big winner in the first tranche of projects that have had their assessments fast-tracked to create jobs and investment in response to COVID-19.  
“Western Sydney is undergoing significant growth, which is why we’ve fast-tracked the assessment of projects in the region over the past three weeks to create opportunities for more than 16,000 local jobs and $1.8 billion in investment,” Ms Berejiklian said.
“The housing and construction industries will be vital to supporting our State’s economy through the pandemic and so we’re doing what we can to keep the industry moving.” 
The latest projects approved in Western Sydney include:
<ul>
<li>A $26 million upgrade to the 1960’s Austral Bricks facility at Horsley Park. The state-of-the-art facility will be one of the most technologically advanced of its kind in the world and produce enough bricks to build five homes every hour. The facility’s upgrade will support 60 construction jobs and 35 ongoing operational roles.</li>
<li>A new $1.8 million recycling and transfer facility in Penrith, operated by NSW Waste Recycling, that will support a significant increase to waste recycling in Western Sydney. The project will support 25 construction jobs and 12 operational roles once complete.</li>
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Planning and Public Spaces Minister Rob Stokes said the Planning System Acceleration Program was a vital lever in the State’s economic recovery. 
“We have re-prioritised projects in the State’s planning system so projects are assessed more quickly to keep people in jobs and the NSW economy moving during the COVID-19 pandemic,” Mr Stokes said. 
“We’ll have another tranche of shovel-ready projects ready to announce shortly, which will also have their assessments finalised within four weeks.” 
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Project
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<td valign="top" width="146">
Investment value
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<td valign="top" width="79">
Jobs
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Austral Bricks facility upgrade
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<td valign="top" width="146">
$26 million
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<td valign="top" width="79">
95
</td>
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<td valign="top" width="340">
Penrith Resource Recovery Facility
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$1.8 million
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<td valign="top" width="79">
37
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Bunnings Warehouse at Bringelly Business Park
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<td valign="top" width="146">
$22 million
</td>
<td valign="top" width="79">
400
</td>
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Mt Druitt CBD rezoning
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$1.49 billion
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<td valign="top" width="79">
15,000
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Rezoning land at Glenlee to create a 60 hectare jobs hub
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$94.2 million
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<td valign="top" width="79">
188
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Rezoning the Bankstown CBD to allow more retail, residential and public space
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$166 million
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<td valign="top" width="79">
332
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TOTAL
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$1.81 billion
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<td valign="top" width="79">
16,052
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To be considered for accelerated assessment, a project must already be progressed in the planning system, deliver a public benefit, demonstrate an ability to create jobs during construction and once complete, and be able to commence construction or lodge a development application within six months. 
Western Sydney projects approved in Tranche 1 of the Planning System Acceleration Program include:
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Construction boom fast-tracked for Western Sydney 

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GUEST OBSERVATION
It is well-established that recessions hit young people the hardest.
We saw it in our early 1980s recession, our early 1990s recession, and in the one we are now entering.
The latest <a href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/Latestproducts/6160.0.55.001Main%20Features4Week%20ending%202%20May%202020" target="_blank">payroll data</a> shows that for most age groups, employment fell 5% to 6% between mid-March and May. For workers in their 20s, it fell 10.7%
The most dramatic divergence in the fortunes of young and older Australians came in the mid 1970s recession when the unemployment rate for those aged 15-19 shot up from 4% to 10% in the space of one year. A year later it was 12%, and 15% a year after that.
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Unemployment rates 1971-1977
<a href="https://images.theconversation.com/files/336271/original/file-20200520-152288-16b5n6o.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/336271/original/file-20200520-152288-16b5n6o.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a> <a class="source" href="https://www.propertyobserver.com.au/https://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/6203.0">ABS 6203.0</a>
<hr>
At the time, 15 to 19 years of age was when young people got jobs. Only one third completed Year 12.
What is less well known is how long the effects lasted. They seem to be present more than 40 years later.
The Australians who were 15 to 19 years old at the time of the mid-1970s recession were born in the early 1960s.
In almost every recent <a href="http://positivepsychology.org.uk/subjective-well-being/" target="_blank">subjective well-being</a> survey they have performed worse that those born before or after that period.
Subjective well-being is determined by asking respondents how satisified they are with their lives on a scale of 0 to 10, where 0 is totally dissatisfied and 10 is totally satisfied.
Australia’s Household, Income and Labour Dynamics survey (<a href="https://melbourneinstitute.unimelb.edu.au/hilda" target="_blank">HILDA</a>) has been asking the question since 2001.
In order to fairly compare the life satisfaction of different generations it is necessary to adjust the findings to compensate for other things known to affect satisfaction including income, gender, marital status, education and employment status.
Doing that and selecting the 2001, 2006, 2011 and 2016 surveys to examine how children born at the start of the 1960s have fared relative to those born earlier and later, shows that regardless of their age at the time of the survey, they are less satisfied than those born at other times.
<hr>
Subjective wellbeing by birth cohort over four HILDA surveys
<a href="https://images.theconversation.com/files/336287/original/file-20200520-152311-h03y48.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/336287/original/file-20200520-152311-h03y48.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Subjective well-being on a scale of 0 to 10 where 0 is totally dissatisfied and 10 is totally satisfied. <a class="source" href="https://melbourneinstitute.unimelb.edu.au/hilda" target="_blank">Regressions available upon request</a>
The consistency of lower levels of subjective well-being reported by the 1961-1965 birth cohort suggests something has had a lasting effect.
An obvious candidate is the dramatic increase in the rate of youth unemployment in at the time many of this age group were trying to get a job.
Over time, labour markets can recover but the scars of entering the labour market during a time of sudden high unemployment can be permanent.
The impacts of the early 1980s and early 1990s recessions on young people were alleviated somewhat by the doubling of the <a href="https://www.propertyobserver.com.au/https://www.abs.gov.au/ausstats/abs@.nsf/mf/4220.0" target="_blank">Year 12 retention rate</a> and later by the doubling of <a href="https://www.education.gov.au/student-data" target="_blank">university enrolments</a>.
But the education sector is maxed out and might not be able to perform the same trick for the third recession in a row.
Reinvigorating apprenticeships and providing cadetships for non-trade occupations might help. Otherwise the effects of the 2020 recession on an unlucky group of Australians might stay with us for a very long time.<img src="https://counter.theconversation.com/content/137236/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/jenny-chesters-869325" target="_blank">Jenny Chesters</a>, Senior Lecturer/ Research Fellow, <a href="https://theconversation.com/institutions/university-of-melbourne-722" target="_blank">University of Melbourne</a>
This article is republished from <a href="https://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/recessions-scar-young-people-their-entire-lives-even-into-retirement-137236" target="_blank">original article</a>.
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Recessions scar young people their entire lives, even into retirement

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

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 data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Staff reporter

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