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A survey from RateCity.com.au revealed that 42 per cent of Australians are more proactive about how they manage their money since COVID-19.
Young Australians felt especially money-conscious with 61 per cent of 18 to 34-year-olds saying they felt more proactive about managing their money following the pandemic.
The results support recent APRA and RBA findings that Australians are saving, not splurging during COVID-19.
APRA figures from earlier this year show Australians have an extra $64.41 billion more deposits in the bank compared to the start of COVID-19.
Many Australians have used their time in lockdown to clear credit card bills, refinance their home loans and build up a savings buffer, RateCity research director Sally Tindall said.
“For a lot of young Australians, their travel plans have gone up in smoke, their night life has been reigned in and, as a result, they’ve got spare cash to put towards their first car or home.”
RateCity’s tips to be more proactive include setting savings goals, checking rates and clearing high interest debts.
As reductions to JobSeeker and JobKeeper are set to squeeze millions of household budgets, people are advised to get their finances in order now.
“If that’s you, it’s worth talking to a financial counsellor to get your finances into the best shape possible as your income drops,” Tindall said. 
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Young Aussies are saving not splurging during COVID: RateCity

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GUEST OBSERVATION
Conventional transport infrastructure planning has been based on wholesale commuting to and from the city centre. 
Long-term planning has delivered mass transit systems to cater for high-patronage, hub-and-spoke transport systems. Unfortunately, this has left many city residents <a href="https://www.infrastructureaustralia.gov.au/sites/default/files/2019-08/Australian%20Infrastructure%20Audit%202019%20-%205.%20Transport.pdf">without basic access to public transport services</a>. And we could never have planned for the impacts of COVID-19.
Our previous plans were based on the best available data at the time. Today, these plans must be critically reviewed using new data that properly represent the world and our transport needs as they are now.
 
Important facts to keep in mind
1: Fewer people commute to work.
The <a href="https://theconversation.com/coronavirus-could-spark-a-revolution-in-working-from-home-are-we-ready-133070">work-from-home transition</a> is well under way. Our current transport networks (except for <a href="https://covid19.apple.com/mobility">roads</a>, which have rebounded to traffic equal to or above pre-pandemic levels in some cities) are operating far below previous levels, even allowing for social distancing. This may not be the best time to break ground on major infrastructure projects planned under previous assumptions of population and demand growth.
2: Disadvantaged populations lack access to opportunities.
Public transport is key to enabling everyone in a population to be a productive member of society. Many disadvantaged groups cannot drive or afford car ownership. However, they also <a href="https://www.infrastructureaustralia.gov.au/publications/outer-urban-public-transport-improving-accessibility-lower-density-areas">lack access to public transport</a>, particularly in the outer suburbs.
Unfortunately, coronavirus impacts will <a href="https://theconversation.com/why-coronavirus-will-deepen-the-inequality-of-our-suburbs-143432">hit the disadvantaged the hardest</a>. If we want everyone to be able to participate in the economic recovery, we need to promote basic levels of access regardless of an individual’s circumstance.
 
3: Population growth will not meet projections.
Migration bans will greatly reduce short-term growth. Current projections show a population <a href="https://theconversation.com/1-4-million-less-than-projected-how-coronavirus-could-hit-australias-population-in-the-next-20-years-143544">up to 4% smaller in 2040</a> than it would have been in a non-COVID world. This will further decrease demand for urban transit services as well as demand across many sectors of our society. These trends are important because much of our planning is based around these population growth metrics.
However, our suburbs still lack basic public transport services. If we want to increase patronage, we need to bring services to more people by improving coverage of our <a href="https://theconversation.com/no-need-to-give-up-on-crowded-cities-we-can-make-density-so-much-better-131304">sprawling, low-density cities</a>.
<a href="https://www.infrastructureaustralia.gov.au/publications/outer-urban-public-transport-improving-accessibility-lower-density-areas">Over 80% of the population</a> of our biggest cities live in the outer and middle suburbs, yet this massive majority have limited to no basic public transport service. Across our five largest cities, Infrastructure Australia <a href="https://www.infrastructureaustralia.gov.au/publications/outer-urban-public-transport-improving-accessibility-lower-density-areas">reports</a>, “public transport disadvantage in outer suburbs is significant”.
<img src="https://images.theconversation.com/files/353993/original/file-20200821-18-1ctpvl6.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="Populations living in inner, middle and outer suburbs of Sydney, Melbourne, Brisbane, Perth and Adelaide"> Estimated resident population by suburban classification, as count and proportion of city population. <a class="source" href="https://www.infrastructureaustralia.gov.au/publications/outer-urban-public-transport-improving-accessibility-lower-density-areas">Infrastructure Australia: Outer Urban Public Transport: Improving accessibility in lower-density areas</a>
Households’ <a href="https://theconversation.com/rapid-growth-is-widening-melbournes-social-and-economic-divide-117244">access to jobs and services gets much worse</a> with increasing distance from the city centre. Development of suburban and regional <a href="https://theconversation.com/for-mobility-as-a-service-maas-to-solve-our-transport-woes-some-things-need-to-change-105119">mobility-as-a-service (MaaS) offerings</a> could promote better access in these “harder to serve” areas.
Moving the country forward
Job creation will be an important aspect of economic recovery. Yet too often we look to large construction projects as the answer. There is plenty of other job-creating work to be done in our communities.
We could, for example, increase the <a href="https://theconversation.com/cycling-and-walking-can-help-drive-australias-recovery-but-not-with-less-than-2-of-transport-budgets-142176">miserly funding</a> for our piecemeal walking and cycling networks.
We could also <a href="https://theconversation.com/1-million-rides-and-counting-on-demand-services-bring-public-transport-to-the-suburbs-132355">expand on-demand services</a> to suburban and rural residents who lack basic public transport access. On-demand transit does not follow fixed routes or timetables. Riders book a trip for a cost similar to a bus fare.
<img src="https://images.theconversation.com/files/362371/original/file-20201008-14-1j0ilu4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="Passenger waiting to board a Bridj on-demand bus service."> Bridj is one of the operators that is expanding on-demand services in Sydney and other cities. <a class="source" href="https://www.facebook.com/TakeBridj/photos/a.1412498639012150/2080642258864448/">Bridj Transit Systems/Facebook</a>
These options will <a href="https://theconversation.com/do-the-sums-bicycle-friendly-changes-are-good-business-58213">encourage local spending to support small businesses</a>. These are an important piece of our social fabric and improve <a href="https://theconversation.com/coronavirus-reminds-us-how-liveable-neighbourhoods-matter-for-our-well-being-135806">livability in our communities</a>.
We need to look locally
A focus on localised investment in the many neglected communities across the country will deliver major benefits. Money already committed to large projects that are under way represents sunk costs that may be too deep to renegotiate. However, future plans using public funds must be re-examined.
Investments should target disadvantaged groups and broaden access to transport networks, encouraging new potential users. For many, assistance in gaining access to the necessities of life will be invaluable during the coming economic recovery. Guaranteed access to groceries, medical services, work opportunities and <a href="https://theconversation.com/parks-and-green-spaces-are-important-for-our-mental-health-but-we-need-to-make-sure-that-everyone-can-benefit-142322">recreational activities</a> must not be reserved for the elite.
We need better localised public transport and we need it for the majority of citizens, not just those who live in the inner suburbs of our capital cities. Most regional populations lack even rudimentary public transport coverage at reasonable frequency.
Increasing services in these areas will create valuable jobs that will stick around, unlike large one-off construction projects. The money will stay local, going into the pockets of operators who live and work in their own community.
While our long-term planning is not to blame for our current situation, we need to develop for the future, not the past. The <a href="https://theconversation.com/westconnex-audit-offers-another-17b-lesson-in-how-not-to-fund-infrastructure-73206">financial costs</a> of building and maintaining our current infrastructure are not going away. However, we can no longer refuse to invest in many of our underserved communities.
It is time to ensure everyone, regardless of their income or where they grow up, has the basic services they need to be a productive member of society.<img src="https://counter.theconversation.com/content/144802/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/benjamin-kaufman-611843">Benjamin Kaufman</a>, PhD Candidate, Cities Research Institute, <a href="https://theconversation.com/institutions/griffith-university-828">Griffith University</a>
This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/covid-impacts-demand-a-change-of-plan-funding-a-shift-from-commuting-to-living-locally-144802">original article</a>.
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COVID impacts demand a change of plan: funding a shift from commuting to living locally

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Geelong has managed not to enter into the new restrictions currently being enforced across Melbourne which has required all hospitality to once again shut up shop and everyone to stay at home unless they’re heading to an essential service, according to the August Herron Todd White (HTW) residential report. 
The valuation firm presented an 'investor playbook' of real estate performance within each service area.
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It’s unknown whether or not Geelong will also have to re-introduce these restrictions as Victorian cases soar higher by the hundreds every day, the report notes. 
"Once again, the level of uncertainty we are currently facing is extremely high and it has caused many to take a more conservative approach to the property market over the past few months, holding off on making any investment purchase," the valuation firm said. 
On a positive note, as Geelong has not slipped back into harsher COVID-19 restrictions, the economy continues to rebuild and this can only rub off positively on the property market. 
After months of waiting, many may now launch into that investment purchase they have been holding off on from prior months.
Geelong remains a seriously sought-after region as it continues to expand in just about every facet with affordability compared to Melbourne being the number one driving force. 
"You can most definitely get much more bang for your buck sifting through Geelong’s property market compared to Melbourne’s and this is highly attractive to many possible investors such as first home buyers or those looking to upgrade or upsize their current home. 
"It’s a very active region for all types of investors and for good reason," the valuation firm said. 
A renovated four bedroom house in Belmont has recently been sold for $912,500. 
The home at<a href="https://www.realestate.com.au/sold/property-house-vic-belmont-134284594" target="_blank"> 8 Downshire Road</a> (pictured below) comprises four bedrooms, two living zones and self contained bungalow. 
The property was last sold for $470,000 in 2013. 
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A current listing a Geelong two bedroom apartment with views across Corio Bay. 
The north-facing apartment at <a href="https://www.realestate.com.au/property-apartment-vic-geelong-133509942" target="_blank">1402/18 Cavendish Street </a>(pictured below) has been listed with $829,900 hopes. 
It comes with living room with double glazed windows, kitchen with dishwasher and single car space plus lockable storage area.
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Geelong remains sought-after among investors: HTW residential 

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The investor market in Mount Gambier is currently strong with a mix of both local and out of town investors, according to the August Herron Todd White (HTW) residential report. 
The valuation firm took a look at investor markets across the nation. 
The report suggests properties in Mount Gambier are generally cheaper compared to say Adelaide or Melbourne. Paired with low interest rates and returns of approximately six to seven per cent, there is a much better return for property.
"After speaking with local agents, it is clear that the market in Mount Gambier has not slowed due to the effects of Coronavirus and while it was expected that rental prices would drop due to the increasing supply of short term rentals being listed as long term rentals, this has not deterred investors," the valuation firm said. 
Houses have been hitting the market and some are receiving offers within 48 hours, often at the asking price or higher, with many going to the highest and best offer.
Investors are generally after houses that present well and are low maintenance, within the price range of $200,000 to $350,000. The return for anything above this will likely not be as strong, the report noted. 
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The government’s incentive to build has definitely spurred the market, with over 20 land sales in the popular Springview Drive division within the past couple of weeks, however this hasn’t been a huge benefit to investors as they cannot simply build and rent these houses out straight away on completion of the build.
"Within the Mount Gambier region, typical investors tend to invest in a mixture of units and detached houses, which are likely to be in the $150,000 to $250,000 price range.
"For depreciation benefits they also invest in new houses, ranging from $250,000 to $350,000," the valuation firm said. 
A division popular with investors in Mount Gambier is the O’Leary Road division . An example of a recent sale within the division is below. 
<a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-133040070" target="_blank">3/20 O'Leary Road</a> (pictured below) is a small three-bedroom, one-bathroom dwelling with a single garage under the main roof, on an allotment of approximately 450 square metres. This property previously achieved a rental of $340 per week or a gross yield of 6.8 per cent.
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In recent years the South Australian Housing Trust has also been selling off their unwanted Commission housing.
 Typically these are older stone dwellings constructed in the 1950s and 1960s offering three bedrooms, lounge, bathroom and laundry area. These Commission homes are typically good value and show a good return.
A semi-detached three-bedroom duplex at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-132470002" target="_blank">13 Schinkel Street </a>(pictured below) can be purchased for $100,000 to $130,000, with an achievable rental for these dwellings being around $190 to $200 per week.
This provides a gross yield of approximately ten per cent. The capital growth would not necessarily be good, and the quality of tenant may also be an issue, but the return is pretty competitive.
The property below sold for $109,000 and achieves a rental of $195 per week. This is a yield of 9.3 per cent.
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"It is expected that the investment market will remain strong within Mount Gambier for quite some time. 
"With low interest rates, it is more beneficial for an investor to invest in property and achieve a good return for good value, rather than keep their money in the bank." 
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Mount Gambier investor market remains strong: HTW residential 

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Jinding Developments have commenced construction on a new master-planned community in Armstrong Creek, in partnership with Yolk Property Group and landowners, the Harkness family.
Its pricing starts from just $180,000 and maxes out at $314,000, with sizing between 221sqm to over 550sqm.  
According to Jinding’s Liz Ronson, Harriott’s urban design, fantastic amenities and natural environment have been proven by the community’s strong sales.
The announcement follows the start of the City of Greater Geelong’s $4 million upgrade works on the wetlands.
The project, <a href="/new-townhouses/harriott-townhomes-armstrong-creek">Harriott at Armstrong Creek</a>, will deliver a sustainable community nestled next to Sparrovale Wetlands, located 10 kilometres from Geelong.
The first 81 blocks of the 659-lot community are expected to be delivered by mid 2021.
It aims to cater to <a href="/news/new-housing-development-aims-to-cater-to-significant-population-growth-anticipated-for-geelong">significant population growth</a> anticipated for Geelong.
The community’s future offerings will include 140ha of open space, central parklands and regional sporting facilities.
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Construction begins on master-planned community in Geelong's Armstrong Creek

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A $320 million commercial project Parramatta, 32 Smith Street, ‘topped out’ by Fender Katsalidis and the GPT Group.
The 25-storey office building, which will see QBE become the anchor tenant, is set to become one of the most sustainable commercial office towers in the Parramatta CBD.
Fender Katsalidis director Mark Curzon said the construction milestone of the 26,500sqm sculptural tower, <a href="/news/32-smith-streets-construction-continues-the-rise-of-parramatta?utm_source=PropertyObserver%20" target="_blank">which commenced last year</a>, was a significant step.
“This is an important gateway building for the emerging city and new civic space, delivering a world-class, cutting-edge, workplace environment, through its urban, sustainability and design philosophy-based solutions," Mr Curzon added.
The tower includes landscaped extern roof terraces, balconies throughout and a publicly accessible urban room.
32 Smith Street is on track for completion in late-2020.
Fender Katsalidis is well known for their design of the Australia 108 tower, which pays homage to the Australian flag with a rotated golden structure protruding from the building.
Other projects designed by the team include Royal Fund’s <a href="/new-apartments/camberwell-house-699-burke-road-camberwell">residential project Bijou </a>in Victoria’s Camberwell and <a href="/buildings/derby-place-369-high-street-kew?utm_source=PropertyObserver" target="_blank">Crema Group’s Derby Place</a> in Kew.
The topping out at 32 Smith Street follows the architects’ recent appointment to design the $2.5 billion Central Place Sydney project.
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$320 million Parramatta commercial tower tops out

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Rugby league star Ryan James is selling his Gold Coast investment property ahead of his move to Canberra for the 2021 season.
The Gold Coast Titans captain bought the property just over a year and a half ago and planned to keep it as an investment but has since decided to sell.
He says his upcoming move to Canberra to play with the Raiders is one of the reasons for selling, the other being the strong Gold Coast market.
The property includes three units, two upstairs with two bedrooms and one downstairs with four, listing agent Kasey Pereira from Real Specialists says.
He noted that it has also been completely renovated.
The property is listed with an asking range of $1.25 million to $1.35 million.
Mr Pereira said it will likely attract investors looking for a strong rental return of roughly $1500 a week.
James says he completely transformed the property, with the largest changes he made located iny the downstairs unit where he added two extra bedrooms, plus a brand new kitchen and living room.
He says he has no plans to sell his home on the Gold Coast.
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Titans captain Ryan James lists Gold Coast investment property

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Lendlease, with backing from Aware Super, has plans for a $1 billion build-to-rent project in New York's Brooklyn.
Lendlease paid $US100 million ($138 million) for its 90 per cent stake in the development project.
It will be about 800 apartments, some 30 percent earmarked for affordable housing under a New York City program.
The property, 1 Java Street, spans a full city block on the Greenpoint waterfront along the East River.
Sold by David Zalaznick’s JZ Capital Partners, it ranks as one of the biggest land purchases in New York City during the pandemic.
The ASX listed global player had signalled it would significantly ramp up its real estate development activities around the world.
It already has major urbanisation projects across the US, including a build-to-rent development also backed by Aware Super in Chicago.
There is also a plan for housing development on Google-held land in Silicon Valley.
It takes its US development pipeline to over $30 billion of current and future projects, Denis Hickey, chief executive for Lendlease’s Americas business advised.
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Aware is the rebadged Australian super fund, First State Super.
Lendlease takes control of the Java Street site from London-listed investment house JZ Capital Partners and development vehicle RedSky, which will retain 10 per cent.
 
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Lendlease plans $1 billion Brooklyn, New York build-to-rent project

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The NSW Productivity Commission has been called out to stop using planning as a scapegoat for failures in the housing markets.
Planning Institute Australia called out the Commission, asking them to work on better understanding the value provided by the planning profession.
In a submission to the commission’s green paper, PIA urged the Commission to reconsider its portrayal of planning systems and address the benefits of strategic planning processes.
Functioning cities require a functioning planning system, said PIA NSW president Juliet Grant.
“PIA supports sensible planning reform, but the planning profession should not be used as a scapegoat for failures of our economy to deliver on the promise of housing affordability”, she said.
The institute accused the green paper of developing a false narrative which blamed planning processes for high house prices.
“PIA members know that planning contributes to the economic strength of our state by making sure people live close to jobs and services,” Grant noted.
In their submission, PIA highlighted planning’s delivery of a strong housing supply pipeline through consistently high rates of project approvals.
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NSW Productivity Commission called out by Planning Institute Australia

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Fawkner House, a collection of nine large-scale dwellings created in Melbourne’s South Yarra, has listed its limited remaining residences.
Located in the Domain precinct, <a href="/news/beulah-international-hits-the-hyper-luxury-heights-in-kew" target="_blank">Fawkner House</a> is nestled between Walsh and Marne Streets at 146 Toorak Road West.
The home offerings were designed by architect Rob Mills, offering progressive design, large-scale residences and penthouses and commanding views over Fawkner Park.
“It's the height of the land, and with that comes light, space, better quality of air, opportunity for phenomenal views. It’s all those wonderful ingredients that makes something special”, Mills said.
Developed by <a href="/developers/beulah">Beulah</a>, the home takes inspiration from Le Corbusier’s 1954 chapel Notre Dame du Haut in Ronchamp, France.
The remaining three and four-bedroom residences are listed with prices starting from $5.49 million.
The top-level of the residence is split between two grand penthouses, while the basement includes private garages for each residence.
Its other offerings include curved wall features, natural stone and custom oak joinery.
Construction for the project remains on track for completion in early 2021.
Other projects in the pipeline from the developer includes <a href="/news/beulah-international-submits-planning-application-for-southbank-by-beulah?utm_source=PropertyObserver%20" target="_blank">Southbank by Beulah</a>, which is set to become Australia’s tallest tower.
The Victorian Government gave the green light to the $2 billion project in March 2020, which will feature two twisting terraces called the ‘green spine’.
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South Yarra's Fawkner House lists remaining trophy homes

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

Staff reporter

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