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A gutted, roofless Denistone, NSW home is for sale by its mortgagee.
Located at <a href="https://www.domain.com.au/14-anzac-avenue-denistone-nsw-2114-2014886032" target="_blank">14 Anzac Avenue, Denistone</a> the two bedroom one bathroom home is slated for a February 16 auction.
The home comes with a price guide of $950,000, some $100,000 higher than the home's 2013 sale price of $850,000.
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Previously listed at $1.5 million by the owner in early 2017, the property is set on 799 sqm.
The house is located within close proximity of Ryde Hospital, Eastwood Plaza and close to Top Ryde City.
The listing, held by Daniel Hennessy of McGrath Ryde is being marketed as a knockdown with any rebuild having "scope to capture views over Parramatta River and Olympic Park".
The median price for a home in <a href="/developments/denistone-nsw-2114">Denistone</a> is $1.777 million, according to CoreLogic, which calculate its annual change in median price over the past 10 years as 8.1%.
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j.ballantyne1990-6AQqhLzZaK

Roofless mortgagee Denistone offering 

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The Australia Capital Territory’s residential real estate market held up well in 2018, with house and unit values rising moderately year over year, according to the latest report from Moody's Analytics.
However the report found that growth in house and unit values has turned down noticeably since late 2017, approaching lows not seen in close to two years.
<img src="https://www.urban.com.au/images/2019/1/17/ACT%20home%20values%202017-2020.JPG" alt="">
Auction clearance rates have declined to around 40%, well below year-ago levels, while growth of housing finance commitments in the ACT has been trending lower, suggesting demand is cooling.
The report authors said, the ACT economy moderated in the September quarter, with growth of state final demand slowing to 0.9% quarter over quarter, down from 2.4% in the June quarter, as household consumption was flat and government consumption fell.
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"Investment, however, was strong, driven by robust construction."
"The ACT’s population grew by 2.2% in the year ended 2017, the biggest rise since 2012, driven by record net overseas migration," according to the authors.
ACT house values are forecast to rise 6.1% in 2019 following ongoing strength in the labour market and population growth.
In 2020 however a slowdown is forecast with house price growth slated for 4.8%.
Unit values are forecast to rise 3.3% in 2019 off the back of 2.9% growth in 2018.
Growth in unit values is set to increase in 2020 however reaching 4.6%.
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The house market in ACT is forecast to grow 6% in 2019: Moody's Analytics

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HGTV Host and native Australian Jamie Durie has re-listed his Hollywood Hills home at a reduced price.
The mid-century modern home located in the Laurel Canyon area of the Hollywood Hills has been re-listed for US$2.875M, down from US$2.995M.
The property is listed with Robert Kallick &amp; Justin Freeling of Compass by Durie, who is not just the host of HTGV, but the author of 11 books on furniture design and landscape architecture. 
<img src="https://www.urban.com.au/images/2019/1/17/Durie%203.JPG" alt="">
His show The Outdoor Room reveals the secrets behind his stunning designs, and teaches viewers how to create beautiful outdoor rooms of their own, no matter the size of the space.
Located at <a id="LPlnk636438" href="https://www.compass.com/listing/2605-laurel-pass-avenue-los-angeles-ca-90046/165224777886281393/?origin_type=Listing%20Card&amp;origin=Agent%20Profile%20Page" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2605 Laurel Pass Avenue</a>, the house has been completely remodeled and redesigned by Durie, while preserving the vintage details of the home.
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The three bedroom two bathroom home features floor-to-ceiling windows, a pool and a detached studio space.
<img src="https://www.urban.com.au/images/2019/1/17/Durie%202.JPG" alt="">
According to the listing "vintage details can be found throughout along with high-end luxury upgrades giving this home a special feeling inside and out."
Set on 248 sqm the home is gated for privacy with a large garage and central HVAC.
Situated in the heart of Laurel Canyon the property is close to Mulholland Tennis Club, Wonderland School, Pace and other amenities.
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Price reduction on HGTV Host Jamie Durie's Hollywood Hills Home

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A home in Wulguru near Townsville listed by the mortgagee in possession remains on market after 440 days.
The home at <a href="https://www.realestate.com.au/property-house-qld-wulguru-130091686" target="_blank">8 Adler Court</a> comes with a price guide of $289,000.
The price has been slashed several times from its originally listed price of $335,000-$365,000 in November 2017.
The house last traded for $113,000 in 2000 when it was sold by the Defence Housing Authority.
Set on 605 sqm, the home contains has its own in-ground saltwater pool and rumpus room.
The home, built in 1970, features a double carport and security screens throughout.
Wulguru's median house price sits at <a href="/developments/wulguru-qld-4811">$260,000</a> according to CoreLogic, who calculate its annual change in median price over the past 10 years as -2.6%.
Wulguru's median days on market currently sits at 36 days.
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Wulguru mortgagee home still on the market after 440 days

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The WA based listed property services company, The Agency has completed its drawn-out acquisition of east coast real estate firm Top Level Real Estate after acquiring all of the issued shares in Top Level.
It involved a capital raising of $8.4 million via the issue of 28 million shares at 30c per share and taking on $18.8 million of Top Level debt.
The Agency advised it now has 293 sales representatives across Perth, Sydney, Melbourne and the Gold Coast, the same figure it advised in mid-2018, after a number of quiet <a href="/news/the-agency-inner-west-loses-mark-bowis-to-cobden-hayson-balmain">departures</a>.
Its early target was to have eventually 600 sales representatives nationally. 
It has 4209 properties under management, up slightly on the 4175 as at June 30, 2018.
It currently has 1394 listings.
Its mortgage book is $1.2 billion in loans, up slightly on its $1.1 billion loan book from 2016.
The transaction sees Matt Lahood commence as an execuitve director of The Agency upon completion of acquisition.
He led the McGrath Rebels who departed the McGrath agency with the promise of very high commission payments.
It was two years ago they made the decision on tieing up with the little known ASX minnow with the backing of mortgage broker John Kolenda.
The Agency now comprises two brands, The Agency and Sell Lease Property.
<div class="page" title="Page 1">
<table>
<colgroup>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td> </td>
<td> </td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
No. of Agents
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
293
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
No. of Properties Sold
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
1121
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
Value of Properties Sold
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
$1.2bn
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
Properties under Mgmt.
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
4209
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
Listings
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
1394
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
Group Revenue
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
$24.5m
</div>
</div>
</td>
</tr>
</tbody>
</table>
</div>
Source The Agency: six month to December 31 unaudited data
The Agency will be opening second Melbourne office in Hawthorn and new office in Central Coast NSW with plans to expand into Brisbane, Canberra.
The Agency managing director Paul Niardone said the overnight company-making transaction was "a significant milestone in the short history of The Agency and further cements our position as the fastest growing disruptive real estate group in the country."
“We are only a start-up that has, in a very short space of time, achieved significant growth in terms of revenue, market share and recruitment.
"Our target now is to become cashflow positive within the next 12 months while also focusing on national expansion opportunities."
The half year group revenue for the past six months was put at $24.5 million. The annual revenues sat at $29.3 million as at June 30 last year. 
Shares were trading at ¢14 before its trading halt this time last week. This morning they showed a bid of ¢15, with offer ¢28. There were no trades this morning.
 
<h3> </h3>
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The Agency completes acquisition of the McGrath Rebels

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A Northern beaches estate agent who went on a $3200 spending spree after stealing a credit card during an open house inspection has failed to have the theft charges dropped due to mental illness.
The 38 year old stole the credit after searching through a wallet in drawers while <a href="/news/real-estate-agent-charged-over-open-house-theft-in-dee-why">showing people through a Dee Why flat last year.</a>
She used it to buy designer sunglasses, cosmetics and gift cards.
After failing to have the charges dismissed this week, Fitzgerald then pleaded guilty and was sentenced to a Community Corrections Order, The Manly Daily reported.
The purchase were made the same day she hosted the inspection at a unit in Pacific Parade.
Several of the spending offences where captured on CCTV and that a number of the items were found at her home after Northern Beaches Proactive Team officers executed a search warrant.
The Bilgola Plateau based mother of one worked for L.J. Hooker at Dee Why.
She did not attend her first court hearing last year because she was receiving treatment at a private clinic.
 
 
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Northern Beaches agent pleads guilty to credit card theft from Dee Why open house

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Fitch Ratings has predicted Australian house prices will fall by a further five per cent in 2019, driven by reduced affordability and restricted credit access.
“Australian borrowers continue to be vulnerable to financial shocks,” Fitch analyst Ben McCarthy said.
The ratings agency said it expected prices to stabilise in 2020. 
The drop in house prices in Australia this year will be the worst in the world, one of the world’s major credit rating agencies predicted.
The Fitch Ratings report released on Wednesday predicted Australia’s housing industry would be the worst performer out of 24 countries for the second year running. 
Prices have already dropped by 6.7 per cent since their peak and Fitch said this was mostly due to lower investor demand thanks to tougher restrictions on lending. 
Fitch noted that high household debt made economies more vulnerable to shocks in the financial sector and borrowers more exposed to downturns given very high household debt level.
It was calculated as the highest in the report relative to GDP at about 120 per cent.
Fitch predicts house prices will stabilise by 2020 due to above-trend GDP growth and strong net migration.
In Sydney and Melbourne, where larger peak-to-trough falls of 11.1 per cent and 7.2 per cent have occurred, Fitch expects price declines to continue at a similar pace.
It notes that the most expensive properties have experienced the largest declines of 9.5 per cent.
Fitch has also warned Australians could struggle to keep up with their mortgage payments as house prices fall and it takes longer to sell a property.
 
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Fitch Ratings see no Australian house price recovery until 2020

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Hilton is set to return to Melbourne with a 600-room flagship five-star offering set to open in 2022.
There will be a five-year gap in the presence of one of the world's most famous hotel brands. 
The hotel will be at OSK's Melbourne Square Southbank, not far from the hotel group's former South Wharf site, which was rebranded as the Pan Pacific Melbourne in 2017.
Melbourne went from three Hilton properties to zero in a relatively short space of time, with only having DoubleTree representation.
The Airport Hilton is now the Parkroyal and Hilton on the Park is now the Pullman.
The new Hilton Melbourne Square have around 600 rooms in Tower Five of the six-tower $2.8 billion development.
It will be designed by Cox Architecture.
 
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Hilton set to return to Melbourne in 2022

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The executive chairman of News Corp Australasia, Michael Miller has bought back in Bellevue Hill, highlighting the trend of locals taking the opportunity to upgrade in the escalating market downturn.
The acquisition of a recently completed post-Modern Luigi Rosselli-designed home was secured by the Miller family before its scheduled mid-December auction.
The five bedroom Halas swimwear family home sale was among the significant Bellevue Hill sales in the latter part of 2018 which saw prices moderate, yet secure a $58 million record paid for Rona (top), which snared the top mantle from nearby Leura which had sold for $30.8 million in 2015.
Rona had been on the market for two years before being sold in August by the property developer Terry Agnew.
The Rona buyers were locals, Jacqui and Richard Scheinberg, who following the purchase of the Victorian Rustic Gothic Revival mansion, then <a href="/news/ronas-buyer-quickly-sells-in-bellevue-hill">quickly sold their Victoria Road home</a> after asking $16 million.
The suburb's second highest sale during 2018 was the <a href="/news/max-brenner-chocolate-boss-sells-to-chinese-buyers-in-bellevue-hill">Victoria Road home of Tom Haikin</a>, the former franchisee of Max Brenner Australia, and wife Lily, who secured $30 million.
The third was the <a href="/news/the-hordern-house-at-bellevue-hill-sells">Hordern House, which finally found a $21.25 million buyer</a>. It was bought by Rothschild Australia chief executive Marshall Baillieu, of the Melbourne establishment Baillieu family, and wife Michelle.
Victoria Road's <a href="/news/john-schaeffers-bonnington-bellevue-hill-sells-at-loss">Bonnington, which sold for $20.32 million</a>, was the suburb's fourth highest price. It had traded for $20.5 million in mid-2017.
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The new owner of the 1930s F. Glynn Gilling home was another Bellevue Hill local Ari Droga, partner at investment fund Global Infrastructure Partners, and his interior designer wife Lisa who are currently seeking for a buyer for the long-held Cranbrook Road home, Allala.
The Miller's had sold in early spring on nearby O'Sullivan Road.
The Hemmes clan were among the many interested parties who had sought their quaint Georgian-style cottage at its hotly contested, onsite September auction which fetched a bullish $6,575,000.
The $18.6 million sale by Anthony Halas, the former chief executive of the swimmer brand Seafolly fame and his wife, Andie was initially reported by the Wentworth Courier last month.
It reported there had been $20 million hopes for the award winning Luigi Rosselli-designed home that sits in William Dangar gardens.
It had only recently won the Master Builders Association award for the best renovation costing over $4 million.
The home with court and pool on around 1,600 sqm was offered by the Double Bay Ray White <a href="/news/ray-white-double-bay-founders-craig-pontey-and-michael-finger-sell-out-to-elliott-placks">agent turned managing director Elliott Placks</a>, who was marketing with colleague, Ashley Bierman with $20 million hopes.
The Halas family sold their stake in Seafolly in 2014 to LVMH, having became the world’s largest independent specialty swimwear brand.
The Miller's upgrade came as Bellevue Hill was declared the Sydney suburb with the highest median house values for 2018, according to CoreLogic. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/18/Sydney-Median.jpg" alt="">
Bellevue Hill notched up a $4,670,000 median value, according to CoreLogic's end of year report, with Vaucluse in second place with a median house value of $4,050,000
Bellevue Hill also had the highest median weekly advertised rents for houses at $2,500 per week.
The 2018 median price (above) in Bellevue Hill was down $646,000 - or 12 percent - from 2017 (below) when it sat at $5,300,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/17/HILL-2017.jpg" alt="">
 
 
 
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News boss buys back in Bellevue Hill as prestige market cools

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The Sydney residential marketing is favouring renters with vacancies on the rise across all metropolitan areas, according to research from the Real Estate Institute of New South Wales.
REINSW President Leanne Pilkington said the December 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.2 percentage points to 3.2 per cent.
She stated, “The rise was driven by Middle Sydney which jumped 1.6 per percentage points to 5.1 per cent and Inner Sydney which rose 0.5 percentage points to 3.0 per cent. Outer Sydney increased 0.3 percentage points to 3.3 per cent.“
"Our feedback from agents suggests that the market is being flooded with new units making older units more difficult to rent."
“As a result agencies are using tactics such as decreasing rent prices and offering free rent periods to secure tenants,” Ms Pilkington said.
Meanwhile, in Wollongong the vacancy rate remained steady at 2.7 per cent, while other area’s in the Illawarra fell 2.0 percentage points at 1.0 per cent and contributed to an overall decline of 1.2 percentage points at 1.5 per cent.
In the Hunter region, vacancy rates rose 0.3 percentage points to 1.9 per cent with Newcastle up 0.1 percentage points to 1.9 per cent.
Across regional areas, Albury fell 0.4 percentage points at 2.2 per cent, New England dropped 0.1 percentage points at 1.9 per cent while Central Coast jumped added 0.1 per cent to 2.0 per cent.
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Sydney's rental vacancies are increasing: REINSW

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Staff reporter

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