Weekly auction volumes are set to rise across the combined capital cities, with a total of 1,851 homes scheduled to go under the hammer this week.

The scheduled number of auctions are not only expected to be higher than the 1,728 auctions last week, but the highest level reached since the week ending 19 April when 1,922 auctions were held.

Melbourne is set to host its busiest week for auctions since June, with 647 homes scheduled to go under the hammer. This is up 7% on last week’s volumes, although it’s almost half the volume of auctions seen over the same week last year (1,221).

Volumes are expected to remain steady across Sydney this week, with 840 homes scheduled for auction, unchanged from last week’s final count. One year ago, a higher 940 Sydney homes were auctioned over the same week.

Across the smaller cities, scheduled volumes are higher over the week in Adelaide (104), Brisbane (118), Canberra (119) and Tasmania (5), while Perth (18) has fewer scheduled auctions over the week.

Given the latest COVID lock down announcement in South Australia, it is likely a number of homes scheduled for auction across Adelaide this week will be withdrawn or postponed.

<img alt="Pictures" data-entity-type="file" data-entity-uuid="867259dc-22f4-4fe4-b6b4-74807a287083" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/download.png?VersionId=SeOhZN3ZVEZ3usjSFm7TcfOf56DgUr5F" />

An example of the busy auction week in Melbourne is 107/68-86 La Trobe Street in the CBD (pictured in title).

The two bedroom, one bathroom apartment comes with a $470,000 - $510,000 price guide.

<img alt="Melbourne Hosting" data-entity-type="file" data-entity-uuid="4943d764-231c-413d-b762-295ffcd4b62f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/download%20%281%29.png?VersionId=4uEMeiL4SP7DbVdSaHIFN_rHuqGSf.7D" />

&nbsp;

Another property up for auction in the Melbourne CBD this weekend is 53a/32 Queens Road.

The one bedroom, one bathroom unit has an auction guide of $430,000 - $460,000.

j.ballantyne1990-6AQqhLzZaK

Melbourne hosting its busiest auction weekend since June

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There’s been two sales in the boutique luxury Rose Bay development, Roseraie.
Apartment 2 and Apartment 4 of the Dover Road project have sold, both two bed, two bathroom apartments.
Now there’s just four apartments available in the low-rise block of six. They all have three bedrooms, and one is a whole-level penthouse.
Set near Rose Bay Golf Club, Roseraie is designed by CSA Architects and Yvette Phillips. Each apartment offers open-plan living and dining, high ceilings and a number of balconies.
The penthouse, spanning the whole of the third level, has a deep entertainer’s terrace extending from the living area. Only one of the garden residences is left, Apartment 1, which is priced at $2.98 million through 1st City Projects.
Roseraie is slated for completion in March 2021.
The 670 sqm site is owned by B &amp; I Properties 3, whose directors include Boris Markovsky, the managing director of the boutique development firm Rommark.
Rommark is behind projects such as The Gallery at Double Bay and Bondi Junction’s Genoa. Markovsky is a director of B &amp; I Properties 3 alongside CommBuild Australia’s Igor Pogrebinsky.
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One third of Rose Bay's Roseraie has sold off the plan

NAB cuts savings rates again, now down over 1% in 2020

Victorian homes are being snapped up in record time: REIV

NAB forecast Brisbane house prices to rise 7% in 2021

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The Barangaroo Grocon construction business has gone into administration.
Established 73 years ago the Grocon chief Daniel Grollo said he was making the move reluctantly after issues arose at its Barangaroo site in which there is litigation against the NSW Government.
There is a $270 million legal stows with the government after planning issues saw it amend its high-rise aspirations at Barangaroo, "forcing" it to sell its share in the project at a discount to Aqualand.
The matter related to Crown/Lendlease sightlines at the development site.
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“It is unfortunate that INSW is forcing our hand to place the construction business into administration," Grollo told The Australian.
High profile projects, including the Northumberland development in Collingwood, Melbourne would not be included in the administration entities.
But The Age reported the gages on the construction site of its Northumberland 12-level inner-city office block  remain locked in an ominous sign for the developer.
But lender MaxCap was reportedly committed to the Northumberland project.
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Grollo puts Barangaroo Grocon construction business into administration

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Brisbane restaurateur John Kilroy has listed his New Farm penthouse, complete with its own rooftop garden.

Kilroy, who runs Cha Cha Char, the steak institution on Eagle Street, paid $3.6 million off the plan in 2013, three years before the building was finished.

The two-bedroom, three-bathroom apartment at <a href="https://www.realestate.com.au/property-apartment-qld-new+farm-134820450" target="_blank">11/170 Bowen Terrace</a> is being marketed by Alex Phillis of Phillis Real Estate.

Comprising two levels, the unique penthouse features a private roof top terrace and a private pool in the sky.

It has been custom fitted from new by Kilroy and is set over the top two floors of the eight level apartment building, featuring only six other full floor residences.

Marketed as "the best private rooftop in Brisbane," Mr Phillis estimated a price point around $10 million.

Last year the apartment below sold for $6 million.

Set on 625 sqm, its within close proximity to the City, James Street, New Farm, the Casino, Golf courses and medical facilities. Plus the Brisbane International airport is a 20 minute drive and the Gold Coast, 50 minutes.

<h2>QLD properties on the market right now:</h2>

[smartcode_project:default project_id=26879]

[smartcode_project:default project_id=26730]

[smartcode_project:default project_id=90200]
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John Kilroy seeks $10 million for New Farm penthouse

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The inner west region of Sydney comprises a vast range of property types, from older character dwellings through to modern apartment buildings, according to the latest Herron Todd White residential report.
The valuation firm took a look at whether HomeBuilder and other stimulus has bolstered the demand for vacant land and new builds in markets around Australia.
Many of the older dwellings have some level of heritage overlay under local planning regulations. These regulations are generally not too restrictive and mostly relate to maintaining the façade of the property to keep it in line with the heritage style of the area.
Due to this, the majority of renovation work is either internal or extending the property to the rear or a first floor, the report noted.
"We have recently noticed an increase in requests for valuations for the purpose of applying for the New South Wales Home Builder Grant.
"As per information from Revenue NSW, a valuation is required to show the value of the property (house and land) in the three months before commencement of renovation," the valuation firm said.
A recent example of this was an enquiry on an older style terrace house in Enmore, the report noted.
The property was purchased in 2014 for approximately $1 million and the owner of the property required a valuation to determine whether the current value (prior to renovation) would be less than or equal to $1.5 million in order to meet the eligibility requirements for the New South Wales Home Builder Grant.
"Notwithstanding wider economic conditions and the COVID-19 pandemic, we anticipate that this trend of renovating single dwellings will continue throughout the remainder of 2020 and into 2021," the valuation firm said.
The report suggests some of the key elements that may might drive the renovation demand include: relatively cheaper building rates than in recent years; record low interest rates; government stimulus packages; tax incentives (in some situations); and the continued preference to renovate the home rather than upgrade or downsize in these unprecedented times.
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Urban.com.au has<a href="/developments/enmore-nsw-2350"> 20 new property developments in Enmore </a>among the many developments in inner west Sydney are under way. 
Buyers need to make sure they and the property they are purchasing are eligible for the HomeBuilder Grant. 
<a href="https://treasury.gov.au/sites/default/files/2020-08/HomeBuilder_Frequently_asked_questions.pdf" target="_blank">These are the rules for the Homebuilder Grant. </a>
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Inner west Sydney renovation trends for single dwellings continues: HTW residential 

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EXPERT OBSERVER
This week for Australia was all about economic policy.
Beginning first with monetary policy. The RBA’s October decision and communications were as expected. There was no change in policy on 6 October, but a more dovish tone in the Governor’s statement signals the likelihood of an imminent move.
As detailed by Chief Economist Bill Evans, of greatest significance is the clear message the RBA Governor’s statement ended on: the “Board continues to consider how additional monetary easing could support jobs as the economy opens up further”.
The pricing in of additional easing by market participants was also recognised in the decision statement: “3-year yields have fallen to around 18 basis points as markets price in some probability of further monetary policy easing”. And open-ended concern over the labour market and activity was on display: “Unemployment and underemployment are likely to remain high for an extended period”; and “it will be some time before the level of output returns to its end 2019 level”.
It is worth adding that risks remain skewed downward: globally given a rising incidence of COVID-19 in a number of economies such as the UK, US, and Europe; and domestically as a result of the underlying weakness seen in Australia’s economy ahead of this pandemic.
We continue to expect the RBA will cut the cash rate; 3-year bond yield target; and TFF rate from 0.25% to 0.10% in November and will also announce additional government bond purchases for maturities between 5 and 10 years at that meeting.
Just a few hours after the RBA’s October meeting concluded, Federal Budget 2020-21 was handed down by Federal Treasurer Frydenberg.
At $213.7bn, the 2020-21 deficit is the largest ever by a considerable margin. Even relative to the size of the economy, this deficit is almost three time the size of that recorded in the aftermath of the GFC and the 1990’s recession.
Very clearly, spending on this scale is justified by the circumstances. Over the first six months of 2020, Australian GDP contracted by over 7% under the weight of the restrictions required to suppress COVID-19. The unemployment rate has since risen from around 5% to near 7%, we believe on its way to almost 8%.
Having already introduced policies to get through the recession, in Budget 2020 the Federal Government is seeking to shift households’ and businesses’ focus from the immediate to the medium-term, and in so doing lay a strong foundation for recovery.
The best example of this is found in the Budget 2020’s job initiatives. JobKeeper and JobSeeker have not been extended past their respective current March 2021 and December 2020 end dates. The focus has instead been shifted to new job creation through the introduction of the JobMaker and JobTrainer which incentivise business to create new jobs and apprenticeships, particularly for young Australians.
To support household confidence and incomes more broadly, the Government has also elected to bring forward the stage two tax cuts to 1 July 2020, raising the 32.5 and 37 cent thresholds to $45,000 and $120,000 respectively. An additional benefit will also be provided to those who earn up to $90,000 through the low and middle income offset in 2020-21.
Investment is also being encouraged. Businesses with turnover of up to $5bn will be able to deduct the full cost of eligible depreciable assets of any value in the year installed, to June 2022. Cash flow support is also being offered via a temporary loss carry-back arrangement which allows businesses to claim current losses against tax paid on prior profits, potentially generating a refund. Business and the economy more broadly will also benefit from additional infrastructure investment in coming years.
The Government is optimistic on the success of these measures, anticipating a GDP gain of 4.75% in 2021-2022 after 2020-21’s 1.5% forecast contraction. That said, on the Government’s forecasts, the unemployment rate remains materially above the full employment level in mid-2024, circa 5.5%. Our own expectations for the unemployment rate over the entire period are higher still, highlighting that a complete recovery from recession will be hard won and that risks will remain skewed to the downside. Additional significant policy initiatives will likely prove necessary in coming years.
Quickly turning to offshore developments. In both the United States and Europe, the most recent central bank meeting minutes again emphasised the risks clouding their respective outlooks as well as these monetary authorities’ willingness to do more. Progress towards additional fiscal support in the US, in contrast, remains absent, even as existing measures continue to roll off and the new case count rises again. Momentum in the US and Europe is robust for now, but the degree of slack is pervasive and the northern hemisphere is heading towards winter.
ELLIOT CLARKE is a senior economist at Westpac 
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A budget of unparalleled significance: Elliot Clarke

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Luxury three-bedroom apartments are being offered by Hurstmon in Melbourne’s Malvern East with prices starting at $1.375 million.
The residences, located at <a href="/buildings/hurstmon-3-hurstmon-street-malvern-east">3 Hurstmon Street</a>, are offered by Melbourne-based property developers Landream.
Telha Clarke Architecture and Design and Eckersley Garden Architecture collaborated on the project’s design.
Hurstmon represents the “best of lifestyle, contemporary architecture, earthy tones, premium materials and respect for the area’s deep history”, the development’s marketing writes.
Set in the prime location of Malvern East, the development is <a href="/developments/malvern-east-vic-3145">one of 69 in Malvern East</a>.
The apartment’s offerings include walnut timber joinery, pale timber floorboards and established gardens.
Landscaped courtyards and entertaining areas are features of the ground floor residences. 
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Landream offers $1.35 million apartments in Malvern East project, Hurstmon

<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.

<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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