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Rushcutters Bay has witnessed the biggest unit price growth across Sydney, according to Domain Group data.
It suggests the suburb's median house price has increased 23.7%, with a median price of $804,000.
Some of the suburbs that saw the greatest declines in house prices saw some of the strongest price growth in units over the year. 
Units in Petersham recorded a 16.6% growth year-on-year, raising the median price to $780,000.
Domain Group data scientist Dr Nicola Powell said a price correction in some suburbs was part of the property cycle "and is not necessarily a bad thing”, she said.
<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/2018/8/1/domain%20unit%20.jpg" alt="">
Source: Domain
A Rushcutters Bay one bedroom apartment was sold for $943,000 in March (pictured below).
Set within a 1920s security building, <a href="https://www.realestate.com.au/sold/property-apartment-nsw-rushcutters+bay-127952298" target="_blank">14/46 Roslyn Gardens</a> comes with bedroom with built-in, updated seperate kitchen, generous living, and updated bathroom.
Other features include polished timber floors, high ceilings and common laundry.
It is close to cafes and eateries, and with easy access to the CBD and local transport. 
 <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/2018/8/1/rushcutters%20bay%202.jpg" alt="">
Another sale was a Bayswater Road one bedroom apartment which was sold off market at $1.15 million. 
<a href="https://www.realestate.com.au/sold/property-apartment-nsw-rushcutters+bay-128454942" target="_blank">The 204/72-78 Bayswater Road</a> apartment features the double bedroom, open plan living and dining, integrated stainless steel gas kitchen and undercover parking.
Located in a landmark building completed in 2001, the apartment is 600 metres from Kings Cross station.
<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/2018/8/1/rushcutter%20bay%203.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Rushcutters Bay records Sydney's strongest annual unit price growth: Domain

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GUEST OBSERVATION
If property prices are rising, it is commonly assumed we must be facing a shortage of supply relative to demand. So if we’re ever going to reduce housing affordability problems, we’re simply going to have to build our way out of it. After all, as anyone who’s sat in an introductory economics class would tell you, basic economics is sufficient to at least suggest that if prices are rising in the long term, then supply must be lagging behind demand.
It’s true the housing market is largely subject to the forces of supply and demand. The deficiency of this argument lies, not so much in any perceived cracks in the supply-demand framework taught in Economics 101, but in the fact that the appropriate “price” indicator is not property prices. It’s rent.
What’s the ‘price’ of housing?
The problem with relying on rising property prices as a “price” signal of a supply shortage is that the dwelling an owner-occupier buys is both a consumption and an investment good. It offers a place to live as well as an asset in which the owner invests a substantial part of their wealth. Hence, property prices are at best a murky indicator of the balance of supply and demand for housing as a home to live in and an asset to own.
It is well established in the housing economics literature that the “price” signal for the adequacy of supply relative to demand for housing services is rent. Rent reflects the cost of consuming housing or, to put it another way, the cost of living in a home. So if housing supply is lagging behind demand for housing as a place to live in, we should expect to see rents rise.
Are rents keeping pace with property prices?
Property prices have clearly surged over the long term in Australia, as the chart below shows.
<img src="https://images.theconversation.com/files/229557/original/file-20180727-106496-o78kv5.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
The Residential Property Price Index (RPPI), adjusted for inflation and averaged across all capital cities, climbed by nearly 30% from 2008-18. Property prices in Sydney and Melbourne, where the real RPPI surged by 54% and 43% respectively, largely drove this average increase.
But housing economics principles tell us this can only be attributed to a supply shortage if rents have also soared.
It turns out real rents have remained relatively flat in most capital cities over the last decade. The chart below shows the real weekly rent of three-bedroom houses across all capital cities over the past decade. The weighted average has shifted upwards by a mere 10%, from $389 to $429.
<img src="https://images.theconversation.com/files/229537/original/file-20180727-106508-55w8qi.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
For two-bedroom units, the average real weekly rent has also shifted slightly from $393 to $446. That’s a mild 13% increase over a decade.
<img src="https://images.theconversation.com/files/229538/original/file-20180727-106499-19q6lgj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
The real rent increases have been relatively minor compared to the nearly 30% surge in real RPPI across all capital cities. There are again some differences between cities, but only Sydney had a noticeable increase in real rents. This still lagged behind the spike in real RPPI in the city.
Dealing with the crux of the affordability crisis
Overall, rent increases are clearly not keeping pace with soaring property prices in all major capital cities in Australia. So claims that a housing shortage is the principal cause of a lack of affordable housing are unfounded. Supply-side solutions, while important, will need to be targeted directly at low-income groups who find it difficult to compete in private rental markets to meet housing needs.
On the other hand, successive governments have offered preferential tax treatments of housing assets. These have encouraged a significant build-up of wealth in housing assets.
Some of these favourable tax advantages have undoubtedly been capitalised into rising property prices. That has made it harder and harder for renters to break into the home ownership market.
<img src="https://counter.theconversation.com/content/100383/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">These are structural problems embedded within our tax policy settings. Hence, their impacts on house prices will not magically disappear any time soon unless policymakers are willing to undertake meaningful tax reform that shifts the emphasis away from treating housing as a commodity back to affordable housing as a fundamental right of all Australians.
Rachel Ong, Professor of Economics, School of Economics and Finance, Curtin University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/why-rents-not-property-prices-are-best-to-assess-housing-supply-and-need-driven-demand-100383" target="_blank">original article</a>.
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Why rents, not property prices, are best to assess housing supply and need-driven demand

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A four bedroom house in Queensland's Salisbury, a suburb of Brisbane, has been listed by mortgagees. 
It is listed as an August 4 auction through Jacob Cantlin at Elders Springwood.
It was built in the 1940s.
It last sold at $345,429 in 2011. 
The <a href="https://www.realestate.com.au/property-house-qld-salisbury-128758486" target="_blank">346 Henson Road, Salisbury</a> home has four bedrooms, two bathrooms, and five spaces for parking. It features beautiful timber floors throughout, storage/rumpus space underneath the home, wide side access through to the backyard which includes a triple bay car-port, recently renovated main bathroom, and brand new stove/cook-top that is yet to have been used. The suburb's median house price sits on <a href="/news">$587,000</a> according to CoreLogic.
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Salisbury home listed by mortgagee

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The Carr architectural practice has welcomed the completion of the United Places Botanic Gardens Hotel.
Marketed as an "intimate, highly considered hotel experience" the hotel opened recently at 157-159 Domain Road, South Yarra.
Room rates start at $650 per night.
It is the project of hoteliers Darren Rubinstien and Richard Rogers. 
The evelopment was where the former post office and newsagent were located.
With only 12 suites, United Places is marketed as set to become Melbourne's most exclusive hotel.
"The hotel’s exuberance comes from the carefully calibrated floor plans, surface integrity and a superlative level of execution,” noted Stephen Todd, Design Editor, Australian Financial Review.
<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/2018/7/25/CARR.jpg" alt="">
The property located at 159 Domain Road South Yarra last sold in October of 2010 for $3.175 million.
In 2014 it was reported VCAT had overturned the City Council refusal to grant a planning permit to 157-159 Domain Road.
It's 2012 initial planning application was made to the Melbourne City Council for a permit to demolish the existing building and construct a three-storey building accommodating a ground floor café/shop, first floor tavern and second floor restaurant.
A combined patron capacity of 650 was proposed.
The planning application also sought permission for the reduction of the Planning Scheme’s car parking requirement to zero and a waiver of the Planning Scheme’s loading and unloading requirement.
Its notice of the application saw 352 objections received, and plans substantially amended.
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Carr Architecture completes United Places Botanic Gardens Hotel

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A Dural function centre has been sold through Cushman &amp; Wakefield.
<div class="prop-details-description__content">
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The 632 Old Northern Road, Dural property (pictured above) was sold at auction for $5.5 million acting under the instructions of the agent of the mortgagee, Ian Purchas of SV partners.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">It was last sold in 2016 for the same price of $5.5 million.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The holding currently contains a vacant 5 bedroom house at the rear of the 7551 sqm block. </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The block hold two large function rooms and is zoned RU6 Transition.</div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }"> </div>
<div class="text animate" data-bind="html: descriptionExpandableTextArea.displayText, css: { collapsed: !descriptionExpandableTextArea.isExpanded(), animate: descriptionExpandableTextArea.animate }, element: descriptionExpandableTextArea.textElement, attr: { style: descriptionExpandableTextArea.style }">The property has 47 metres of street frontage.</div>
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Dural function centre sold for $5.5 million

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The Alderley Coles has been listed listed through Colliers International.
James Wilson and Stewart Gilchrist of Colliers are selling the Alderley site with a freestanding market-style Coles supermarket and Liquorland.
Offers close August 29 for the 1.25ha site, which is seven kilometres from the CBD and just 100m from Alderley railway station.
It is fully leased to Coles on a new 15-year net lease, with four 10 year options.
The offering includes a separately titled adjoining 641 sqm parcel.
“With the market starved of blue-chip investment opportunities, Coles Alderley meets every stringent investment criteria,” said James Wilson at Colliers International.
“Coles Alderley offers an absolute premium covenant with strong trading figures, a 15-year net lease with Coles paying all outgoings, a new building with substantial depreciation allowances, and a prime protected inner-city location that features exceptionally high barriers of entry,” he added.
Coles Alderley is the only supermarket in the affluent primary sector, "with an income higher than the Brisbane metro average.”
The supermarket opened in February 2017 after its design by Power Architects.
The full-line Coles supermarket comprises a lettable area of 4,410 square metres including Liquorland and 247 parking spaces.
Freestanding supermarket investments have become one of the tightest and most competitive markets among private investors, both onshore and offshore, with secure income streams and limited management requirements being key attractions, said Stewart Gilchrist, National Director, Retail Investment Services at Colliers International.
“In 2018 there have been only four freestanding supermarket transactions announced along the Eastern Seaboard, including Coles Sippy Downs and Coles Earlwood, demonstrating the rarity of these offerings.
"Campaigns of this calibre typically generate more than 150 enquiries, further highlighting the pent-up demand for high quality metro product such as Coles Alderley.”
The supermarket giant secured the site in 2012 after developers Alderley Square Pty Ltd went into receivership.
It has been using a controversial new policy to discourage people leaving cars in their parking lot when they catch public transport to work by charging customers $77 dollars if they stay in the parking lot a minute more than two hours.
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Coles tenanted Alderley property offering 

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EXPERT OBSERVER
The recent announcement by the Minister for Planning to defer the introduction of the medium density (complying development) code in some councils is negatively impacting the wrong families or target market.
The government should not link community pushback and pressure  for high rise apartment growth - with the growing need for more modest medium density housing – especially terraces and dual occupancies.
There is justified concern across Sydney that local living conditions and growth/enhancements in social facilities have not improved at the same pace as recent growth and intensification of housing. This is not ‘nimbyism’. It is a response to the difficulties faced by governments to raise and spend sufficient infrastructure dollars in the right place at the right time – in the face of rapid growth. 
The Greater Sydney Commission is right to highlight those areas (eg Ryde and Canterbury-Bankstown) where the mismatch between recent growth and amenity is great. There are opportunities for State and Local Government to improve infrastructure investment and build capacity, divert growth - or just pause to catch up. But, the approaches taken must be evidence-based and strategic – and not be seen as a reaction to key electorates. 
The planning framework needs to offer a predictable basis for investment in the types of housing we need – in ways that reflect the communities’ values and needs for a place.
Sydney has sound regional plan and district plans that set out the challenge to accommodate another 740,000 dwellings by 2036. They cannot all be apartments  in inner city areas or homes on the edge of Sydney. Our population is getting older, more people are choosing to live in smaller housing, while many households are also looking for well-designed and more affordable accommodation closer to jobs and centres. 
Offering greater choice for medium density housing in Sydney’s ‘missing middle’ is vital for a fair and socially sustainable city.
A planning system that only offers a complying development pathway for single detached houses is not balanced. PIA has supported having the same incentive for a diversity of medium density housing types including terraces, dual occupancies and even ‘manor homes’ if well-designed and in the right setting.
Local Housing Strategies offer a way of checking that Council zoning approaches and contributions plans respond to the diverse housing needs and characteristics of the community – including amenity and infrastructure provision. These strategies could provide solid evidence for any deferral of major planning proposals at the ‘gateway’ stage. 
Local Housing Strategies can also help councils to get a handle on how a model code for medium density housing will take effect in their area. Depending on whether a council permits multi-unit or medium density development in low density residential zones is significant. If a council already has specific floor space ratios and setbacks then the outcomes of the code on housing supply would potentially be much lower.
PIA acknowledges that infrastructure delivery at a local scale has often not kept pace with apartment growth. A solution is to focus on funding infrastructure and strengthening amenity alongside acceptable rates and patterns of growth. 
Ad hoc deferral of new policy supporting medium density housing is not necessarily going to assist many communities across the state who wish to stay in their local suburb and age in place.
Jenny Rudolph is the PIA NSW President
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We still need well planned medium density housing: PIA

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Flinders chocolatiers Milton Laycock and Isilda Caldwell are selling their home and business premises in the Mornington Pensinsula town’s main street.
The <a href="https://www.domain.com.au/45-45b-cook-street-flinders-vic-3929-2014484660" target="_blank">45-45b Cook Street</a>, Flinders holding has a price guide of $3.15 million.
The property includes a commercial kitchen and twin showrooms in the business dwelling and a contemporary three-bedroom, two-bathroom residence at the rear of the block. 
The living spaces include a fireplace and a black and white island kitchen with Miele appliances, and there are decks front and back for outdoor entertaining.
 Domenic Zanellini of Nicholson Real Estate has the listing.
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Flinders chocolatiers list Main Street business premises

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A four bedroom house in Rasmussen, a suburb in the City of Townsville in Queensland, has been sold for $210,000 by the mortgagee.
It was sold by Dayne Watson from First National Real Estate last month.
It was last sold in 2004, 14 years ago for $215,000.
<a href="https://www.realestate.com.au/sold/property-house-qld-rasmussen-127538150" target="_blank">Situated at 36 Amber Avenue, Rasmussen</a> (pictured above), the house features four bedrooms, open plan kitchen/living/dining, indoor laundry and double carport.
Nestled on a 606 sqm land, it comes with undercover storage/workshop area, garden shed and in-ground pebblecrete pool. 
The suburb's median house price sits at<a href="/developments/rasmussen-qld-4815"> $308,500</a>, according to CoreLogic.
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Four bedroom house in Rasmussen sold by mortgagee for less 14 years later

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The forecast remained extremely positive for Geelong, the Victorian port city despite "incredible capital growth over the past five years.
The growth had put Geelong on the map, according to the latest analysis by RiskWise Property Research that found high population growth and a rise in infrastructure projects, leading to an improved economy and more jobs, have greatly increased the popularity of the area.
“Add to that it only takes an hour to drive to Melbourne and housing is significantly more affordable, it is ticking plenty of boxes for a lot of people with their eye on capital growth in the future,” RiskWise CEO Doron Peleg said.
One key piece of infrastructure will be delivered by the Federal Government thanks to a $50 million funding boost to help deliver the Geelong rail duplication between South Geelong and Waurn Ponds train stations.
Meanwhile, the Victorian State Government has also directed $50 million to investigate fast rail between Geelong and Melbourne, as part of the Melbourne Airport Link, to be delivered within 10 to 15 years.
It all adds up to an economic windfall for the region, with more employment attracting more residents to the area, Peleg suggests.
<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/2018/7/30/Geelong%20-%20Median%20Price.jpg" alt="">
<div>
“And this, in turn, has seen capital growth in the past five years explode with the forecast also looking good for future capital growth.”
He said compared to Melbourne, Geelong offered greater value for money and more affordability.
“Given its proximity to Melbourne, it is becoming very popular with those wanting a great lifestyle and better housing options with more value for money … and they are still within a comfortable distance from the CBD to commute to work,” he said.
<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/2018/7/30/Geelong%20-%20Population%20Growth.jpg" alt="">
“Of course, it’s always important to remember that houses are a good investment while units carry a higher level of risk due to potential oversupply issues and that they do not appeal to families looking for three bedrooms and a yard, meaning demand is less.”
The median house price for Geelong is only $576,118 compared to $836,122 for Greater Melbourne. For units in Geelong its $403,408 compared to $552,941. 
<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/2018/7/30/Geelong%20Capital%20Growth%20-%20Houses.jpg" alt="">
“This means who can buy a house in Geelong for around the same price you could buy a unit in Greater Melbourne. It represents excellent value for money,” he said.
 “And we believe it will only get more popular in the next few years, thereby presenting projected solid capital growth.”
An recently sale was a Swanston Street two bedroom house which sold for $581, 000 (pictured below).
Located at<a href="https://www.realestate.com.au/sold/property-house-vic-geelong-128360630" target="_blank"> 151 Swanston Street</a>, the house comes with two spacious bedrooms, large family living area, updated kitchen and dining area.
Other features include high ceilings, plenty of natural flowing light and gas heating.
It is close to the cafe precincts, river, Kardinia Park and the CBD.
<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/2018/8/1/geelong%201.jpg" alt="">
Another sale was a McKillop Street two bedroom house which was sold at $560,000 (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-vic-geelong-127948670" target="_blank">The 17 McKillop Street house</a> features two good sized bedrooms, living room with fireplace, sleek kitchen, and low maintenance gardens. 
It is within close proximity to the CBD, waterfront and local hospitals. 
<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/2018/8/1/geelong%202.jpg" alt="">
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Continued capital growth forecast for Geelong

Having successfully expanded into a new region with its Caloundra apartment development, Sunset by Dusk Group, growing South East Queensland developer Dusk Group is again venturing into new territory.

The developer has lodged plans for a 70-apartment project in the Moreton Bay region, to be known as <a href="https://www.apartments.com.au/new-apartments/sunrise-on-sutton-25-sutton-street-redcliffe-qld-4020">Sunrise on Sutton</a>, named after its prime Sutton Street location, just one street back from Suttons Beach.

<img alt="Sutton" data-entity-type="file" data-entity-uuid="88a9f9ee-6ace-47f5-a0c6-8fb134b27e98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.42%E2%80%AFAM.png?VersionId=iMXmJ7_BNZAmCt.jjupMSLdV_Qa9zJAK" />

Dusk Group Directors Huw Feeney and Anthony Short seized the opportunity to acquire the near-1,800 sqm amalgamated corner site at Sutton and Ella Streets for their first project in the area.

They have again enlisted MAS Architecture Studio, the architects behind Sunset by Dusk, to design the new eight-storey development.

The building will comprise a mix of one, two and three-bedroom apartments and has been designed to maximise views towards Suttons Beach, Margate Beach and Moreton Bay.

Pending approvals, the project could launch before the end of the year.

<img alt="Dusk" data-entity-type="file" data-entity-uuid="90c0c26c-096c-4ceb-8c58-f8303aea542f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.49%E2%80%AFAM.png?VersionId=nw8bqQtpOrf5nA95tuYhtqdB59YUzmO0" />

The development will provide 111 car parking spaces and 40 bicycle spaces.

Positioned within walking distance of Suttons Beach, Bluewater Square, Redcliffe Hospital and the Redcliffe Paceway, the development will sit within one of the peninsula's increasingly urbanised coastal pockets.

Redcliffe's new apartment market remains exceptionally tight, with Gardner Vaughan Group's One Redcliffe currently the only new apartment development actively being marketed in the beachside suburb.

It's another beach-focused development for Dusk Group, who has seen considerable success at its Caloundra apartment development, <a href="https://www.apartments.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>.

Over 80 per cent of the 36 apartments have sold ahead of its early 2027 completion.

&nbsp;

Joel Robinson

First look: Dusk Group targets Suttons Beach precinct with 70-apartment Redcliffe proposal

Leading Brisbane developer <a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has completed and settled $450 million worth of apartments at Monarch Residences in Toowong, marking one of Brisbane’s most significant and prestigious riverfront residential completions in recent years.

The final apartment at Monarch sold at auction on the 30th May for $4.1m.&nbsp;

The milestone has been marked at a ribbon-cutting ceremony at <a href="https://www.apartments.com.au/buildings/monarch-residences-toowong-600-coronation-drive-toowong-qld-4066">Monarch Residences</a>, with Cr Penny Wolff highlighting the importance of completing major residential projects to boost the city’s much-needed housing supply.

The 224 apartments, delivered across two 15-level towers, are now officially in the hands of owners, including Brisbane downsizers, families and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

<img alt="$450M Monarch Residences sells out as Brisbane riverfront demand surges" data-entity-type="file" data-entity-uuid="56ae05e9-092f-41f0-98a1-a10984fdd171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ROBNN_MONARCHLAUNCHEVENT-131.jpg?VersionId=p76J6weGZqseNrE6aOAjmAHUah.y65Gd" />

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land, into a thriving residential precinct with Middenbury House at its centre.&nbsp;

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Mr O’Rorke said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. They understand the challenges of the housing industry and are doing something about it.”&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211466]

Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” MacGinley said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex and Titles Queensland assisted to remove hurdles to achieve settlements.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> in Yeerongpilly and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a> in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and which has been carefully restored and integrated into the broader masterplan.&nbsp;

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

[smartcode_project:default project_id=113455 project_image_fid=211495]

Colliers Director of Residential Andrew Scriven said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship and irreplaceable riverfront position that Monarch offers,” Scriven said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare. Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

[smartcode_project_cta:default project_id=113455]

Consolidated Properties Group sells out Monarch Residences as Brisbane riverfront demand surges

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

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