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According to Domain's House Price Report for the June quarter prices on units fell across Australia with houses seeing similar results.
They found, all major capital cities saw unit prices fall across the June quarter; only Adelaide, Canberra and Hobart saw an increase in house prices during this period.
Price falls to date have been minimal from the pre-coronavirus March quarter to June. 
Significant government stimulus, mortgage holidays and low interest rates have supported home values, and kept distressed and urgent selling low. 
With lenders extending mortgage pauses for those under serious financial strain, and the JobKeeper subsidy being extended, the outlook for prices largely depends upon how well the economy is tracking when fiscal stimulus ends.
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“Nationally house prices have dropped by 2 per cent and unit prices by 2.2 per cent over the June quarter."
"This is the first quarter to show the impact of COVID-19, reversing upward price swings in Sydney and Melbourne."
"While most capital cities declined, the falls have been minimal to-date as unprecedented government stimulus, mortgage holidays, low stock levels and record low interest rates shield values from any significant declines, helping to retain stability in the housing market,” said Domain Senior Research Analyst, Dr Nicola Powell.
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Unit prices fall nationally with houses hit slightly less: Domain

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Sydney’s house and unit price recovery halted over the June quarter, with prices down by almost $23,000 and just over $14,000 respectively.
The June quarter also marks the first time house prices have moderated since early 2019.
While Sydney property prices remain higher than in 2019, house and unit prices are $55,000 and $52,000 below the mid-2017 peak respectively, presenting an opportunity for prospective buyers.
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June 2020 QoQ change for Sydney house and unit prices
“Sydney’s house and unit price recovery was abruptly halted over the June quarter, down 2 per cent and 1.9 per cent respectively. Houses have lost almost $23,000 and units just over $14,000 in the June quarter, the first quarter to show the impact of COVID-19. For houses, this is the first time prices have moderated since early 2019 and a year for units. Sydney was in an upswing prior to this interruption, highlighted by the strong annual growth, up by 10.5 per cent for houses and 7.3 per cent for units. House prices are $110,000 above the early 2019 trough but remain $55,000 below the mid-2017 peak. Unit prices are $50,000 above the mid-2019 trough but remain $52,000 below the mid-2017 peak.”
“Price falls to date have been minimal; significant government stimulus, mortgage holidays and low interest rates have helped to support home values. This is assisting many homeowners through economically challenging times and has kept distressed and urgent selling low. The risk to prices becomes greater once the stimulus measures cease and we face the fiscal cliff. While lenders have extended the mortgage pause for those under serious financial strain and the JobKeeper subsidy will be extended and tapered until the end of March next year, the outlook for prices largely depends upon how well the economy is tracking at the time stimulus ends.”
“The full impact of the economic shutdown was evident in the June quarter. Sales activity, listings and clearance rates fell in April but were rebounding by June. It is clear confidence has lifted from the April lows, sellers have returned, and more buyers think now is a good time to purchase - nationally rising to a six-month high, according to the Westpac Melbourne Institute Index of Consumer Sentiment. Buyer interest has renewed from the April lows - those with job security are being enticed by low mortgage rates, government financial incentives and taking advantage of improved affordability. Price expectations have changed rapidly in recent months, with more vendors adjusting asking prices downwards to seek a timely sale. In June, 15.2 per cent of sellers reduced asking prices, three times higher than the same time last year. The proportion of properties discounted is a leading indicator of price movement, evidence that further price weakness lies ahead,” said Domain Senior Research Analyst, Dr Nicola Powell.
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Sydney's property price recovery halted over the June quarter: Domain

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A property management agent from Melbourne’s northwest allegedly allowed rental homes to be used as cannabis grow houses has been arrested in a high-level drug investigation.
North West metro regional crime squad arrested five people this week who were accused of involvement in a major syndicate with interstate links.
As part of Operation Skyknight, warrants were executed on Wednesday morning in Roxburgh Park, Gladstone Park and Glenroy, as well as Bankstown in Sydney and Port Macquarie on the NSW coast.
Three men — a 22-year-old and 25-year-old from Roxburgh Park and a 68-year-old from Gladstone Park — were arrested and remanded in custody.
A further two men were charged on July 13 after separate police raids.
“Police are alleging that the 68-year-old male was using his position as a rental property manager to facilitate several crop houses across the northwestern suburbs,” Victoria Police said.
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Melbourne property management agent caught amid drug arrests

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Diversified property group Pellicano has expedited the next stage of construction at its Parkwest Estate in Bundamba due to strong sales, while announcing the commencement of construction of the next stage at Connexion Industrial Park in Darra, following leasing success in recent months.
Due to the final office/warehouse space selling out at Parkwest Estate, Pellicano will commence the next stage of the project 12 months ahead of schedule, which will deliver additional office warehouse units.
Meanwhile at Connexion, construction has commenced on a major refurbishment of a freestanding 10,600 sqm office/warehouse, and four new spec office/warehouses totalling 3,000 sqm.
Pellicano was buoyed by a deal struck at Connexion during the height of the COVID-19 pandemic, with a 7,500 sqm site being leased out to MACH1 Logistics in late March, spurring the company to prioritise the works on both sites.
Pellicano managing director Nando Pellicano believes recent activity at these projects, as well as its Industrial activity in Melbourne, is an early sign of how well the Industrial sector is holding up across the property market.
“We saw many companies facing challenges during lockdowns, restrictions and work-from- home guidelines, but we’ve still been able to put clients into new facilities, as the push to e- commerce and on-line expediates.
“Well-located industrial space has proven popular at a time where more and more consumers turn to shopping online.
“I think the popularity of these sites is driven in part by the flexibility we give our clients across the board – we work with them to ensure their facility is exactly what they need, and that they can make any necessary tweaks to ensure it’s a long-term prospect,” he said.
Works at the office/warehouse site at Connexion Industrial Park are due for completion in two stages, with the 10,600 sqm refurbishment available to occupy from fourth quarter of 2020, and the four spec units from early 2021, while the next stage of construction at Bundamba is due to commence in the coming months once detailed designs are finalised.
Pellicano’s current activity will take its total Industrial Holdings to over 600,000 sqm by the end of year with a vacancy rate of under 2.5 per cent.
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Pelicano announces construction across two Queensland projects

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The launch of a new luxury Terrace complex is set to ease pent up demand for high quality residences in the popular North Shore suburb of Willoughby.  
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Boasting a street address just metres from Quadrangle Shopping Village and minutes from the CBD and North Sydney, ‘The Terraces’ Willoughby comprises six luxury, three storey terraces, each with internal private lifts to secured basement parking below.  
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Set across 1,154 sqm at 7-9 Warners Avenue, the development is the first boutique residential project in Willoughby brought to market by North Shore-based property developers and fund managers WINIM. 
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Designed by award-winning architects Giles Tribe with Interiors by Rothelowman, construction is due to commence on the $17 million project in beginning of 2021 and occupation expected by end of first quarter, 2022. 
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The homes are a modern design of traditional Sydney harbour terraces with private liveable courtyards front and rear, each with direct street address and frontage. 
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Pricing ranges from $2,675,000 for a mid-row terrace, up to $3,000,000 for an end of row terrace, secure double-garage, with huge triple aspect wrap-around garden and additional oversized multi-purpose room.  
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Artists representation 
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New luxury complex The Terraces has launched in Willoughby

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In the past 12 months, Sydney’s North Shore has seen over $1 billion of sites sold as anticipated demand for apartments overtakes supply.
Developers have been focusing on high density opportunities in the Lower North Shore along the current North-West Sydney Metro station, which include suburbs such as North Sydney, Crows Nest, St Leonards, Chatswood and Macquarie Park.  
Major projects to be delivered include:
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<li>Mirvac - Nine's Willoughby site, 460 new dwellings</li>
<li>Podia – Recently purchased North Sydney Site - Planning proposal</li>
<li>Frasers – Masterplan approved Macquarie Park Ivanhoe Estate, 3,300 dwellings</li>
<li>Meriton – Macquarie Park up to 230 apartments</li>
<li>Aqualand, Develotek Partner for 600 apartments in Chatswood</li>
<li>Aqualand- North Sydney mixed-use development comprising 441 high-end apartments (under construction) </li>
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And now investors are scrambling for a piece of the action, with Roseville on the Upper North Shore smashing records this month, with 14 individual buyers snapping up 14 brand new luxury townhouses in just one weekend, with prices ranging from $2.5 million to $3.58 million with internal areas ranging from 122 – 173sqm internally. Interestingly the higher value townhouses in excess of $3m were the first to sell. 
Local developer Mayrin Group purchased the 6,778 square metre amalgamated site at 130-138 Archer Road and 10a, 12 and 14 Boundary Street in Roseville in 2017 from Savills Australia for north of $35 million.  
With an estimated end value in excess of $110 million, The Archwood Residences, designed by highly acclaimed architectural firm DKO is a limited collection of four bedroom townhouses with a stunning central garden retreat designed to include luxe lobbies, private lifts, marble bathrooms and natural stone kitchens.  
The homes feature fully integrated home automation systems, with the technological options including car licence plate recognition, biometric keyless entry and automated lighting and smart blinds. 
With only 20 townhouses released in Stage 1, 26 expressions of interest were received with a total of 14 lots sold on the day of the launch.
According to Stuart Cox, Director, Residential Site Sales at Savills Australia, Roseville remains one of the most hotly contested Upper North Shore suburbs, situated just 12 kilometres north-west of the Sydney CBD bound by Lindfield to the north, Castle Cove to the east, Chatswood to the south and Chatswood West to the west."
“Not only is this development of the highest calibre, it also boasts excellent access to public transport and is in the catchment area for Roseville Public School and Chatswood High School. Other private schools close by include Roseville College, Ravenswood School for Girls,  Pymble Ladies College, Knox Grammar School, Barker College and Abbotsleigh” he continued.
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The Archwood in Roseville is the North Shore's latest residential development

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Brookfield Properties and Oxford Investa Property Partners (OIPP) have revealed the first stage of the $200 million 388 George Street redevelopment.
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Prominently located on the corner of George and King Streets, 388 George Street is jointly owned by Brookfield and Oxford Properties, as owner of the OIPP portfolio, with the redevelopment built by premier builder, Multiplex. The project will deliver 38,364 square metres of A-Grade commercial office space and 2,680 square metres of prime retail space to the CBD core.
Stage One of this project has involved the delivery of an all-of-building refurbishment of the existing 28- storey office building, including a new tower lobby and end-of-trip (EOT) facilities while the second and final stage will see the delivery of a brand new five-storey, FJMT-designed mixed-use pavilion to complete the project.
The state-of-the-art EOT facilities will offer a range of convenient services for tenants including luxury towels, ironing and grooming stations and parking for 366 bikes. With user experience at the forefront of the design, EOT facilities at 388 George Street are located on level one rather than the basement and a dedicated lift provides exclusive and direct connectivity from the basement level cycle parking.
The transformational refurbishment of the existing A-Grade office tower has made outstanding use of the building’s existing infrastructure, with interconnecting stairs added, enhancing connectivity and collaboration for occupants. Upgrade works also included new ceilings, carpets, bathrooms, lift floor lobbies and on-floor amenities. Inter-floor connectivity has been achieved with the installation of staircases throughout the building’s existing five, four-level atriums.
The mixed-use pavilion, due for delivery later this year, will add an important new landmark to the CBD core, with five-storeys of commercial and retail space, a rooftop bar and flagship retail stores.
State-of-the-art design features of 388 George Street include a stone concierge desk carved from solid blocks of London White Marble, with each block weighing 200 kilograms.
Danny Poljak, Executive Vice President &amp; Co-Head of Brookfield Properties said, “We are thrilled to reach this exciting milestone at 388 George Street and transform another of the Sydney CBD’s established office buildings. Not only have we added significant value by upgrading the existing commercial tower and developing the new retail podium on a dormant part of the site, we have also enhanced the site’s connectivity to George and King streets.”
“The development will completely transform this busy city corner and integrate with the newly pedestrianised George Street with a through-site link planned in the next stage linking to King Street.”
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Nicole Quagliata, Fund Manager, OIPP said: “We are delighted to unveil the first stage of 388 George Street’s transformational refurbishment. The recently completed improvements establish the building as a leading contemporary workplace for our tenants, providing high quality amenity within a prominent Sydney CBD location. The new mixed-use podium with premium retail opportunities will bring new amenity to the revitalisation of this exceptional George Street location.
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Ian Lyon, Head of Development, Asia Pacific at Oxford Properties Group, said: “388 George Street is part of the continued improvement of the OIPP portfolio. We are immensely proud of what the team have delivered.”
The project, which is being delivered by construction partner Multiplex, created over 250 jobs during its construction.
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$200 million 388 George Street redevelopment revealed

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A $180 million proposal for a mixed-use tower in Liverpool has been given the green light by the Sydney Western City Planning Panel.
Binah Developments’ 34-storey mixed-use proposal at 22-26 Elizabeth St will include a 113-room hotel, 179 residential apartments, a ground-level food and beverage area, rooftop restaurant and 5500 square metres of A-grade office space.   
“This development is one of $1 billion worth of major projects approved or under assessment, triggered by the rezoning of 25 hectares in the CBD in 2018 to allow mixed-use development,” Liverpool Mayor Wendy Waller said.  
“The 34-storey tower will become the tallest in the Liverpool city centre, activate a busy main street and provide much-needed hotel accommodation, as well as significant commercial space in the fast-growing capital of South West Sydney.” 
Designed by Rothelowman Architects, construction is expected to start in 2022, providing 100 jobs during construction and an estimated 400 jobs once complete.   
“Building on our city’s great bones, Council’s detailed Public Domain Master Plan will guide the city centre’s transformation at street level, moving towards a greener and more attractive streetscape with wider footpaths, dedicated cycleways, more vegetation and public art among the many improvements to come.  "
“Council’s own $400 million Liverpool Civic Place mixed-use precinct on Scott Street, to be jointly developed by Council and Built, will anchor the southern end of the city centre and provide new public spaces, community facilities and job opportunities. "
“The early works DA for the FJMT architects-designed proposal has been approved and when complete the precinct will feature new Council offices, Council chambers, an early education centre, a new state-of-the-art city library, commercial and retail spaces, a hotel or student accommodation building and public parking,” Liverpool Mayor Wendy Waller said.   
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Mixed-use tower approved for Liverpool city centre 

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The first one-bedroom apartments in five years are set to hit the St Lucia market when residential development Vistas St Lucia launches this month
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Developer Barber Property Group's Managing Director Paul Barber said the company was anticipating strong demand from a wave of returning international students.
The 32-apartment complex includes nine one-bedroom apartments, fourteen two-bedroom apartments and nine three-bedroom apartments.
“We’re noticing a resurgence in demand for one-bedroom apartments, with a mix of downsizers and young professionals wanting to get into the blue-chip suburb, as well as demand continuing for larger two and three-bedroom properties,” Mr Barber said.
“Our recently completed projects in St Lucia have seen healthy results for investors, with 2019 project Eton Apartments being 100 per cent committed prior to completion, and now delivering a 7 per cent return.”
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Mr Barber said Vistas St Lucia was the company’s fourth development in the suburb since 2014 – the inner-west being a recent focus for the long-standing developer.
Barber Property partnered with award-winning CG Design Studio and Raymond Barber Architects.
“The design also takes advantage of the site’s premium location, with sweeping city views, floor plans that prioritise light and air flow, and seamless integration of indoor and outdoor spaces,” he concluded.
The project is currently under construction and is due for completion in December 2020. 
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New apartment complex set to hit the St Lucia market

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New data released by realestate.com.au reveals that enquiries for new developments have surged since the announcement of the Federal Government’s HomeBuilder scheme in early June.
The REA Insights New Homes Snapshot for July report shows enquiries to developers nationally jumped by almost 63 per cent in the month of June, with land estate enquiries experiencing a 93 per cent lift over the month.
REA Group Executive Manager of Economic Research, Cameron Kusher, said the spike in June followed a bullish 53.9 per cent increase in May, suggesting the announcement of HomeBuilder led to a further surge in the already increasing interest in new properties.
“First home buyer activity increased 28.5 per cent in June when looking specifically at email enquiry on realestate.com.au, and it’s likely some of this activity was a result of the HomeBuilder stimulus announcement,” Kusher said.
“It’s no surprise that land estate new development is benefiting from HomeBuilder given the package is geared towards new builds, there are restrictions on construction timeframes that inhibit apartment development, and the Australian dream is to own a house.”
Dahua Group’s Marketing and Sales Manager, Michael Ching said there has been a notable enquiry increase in the Group’s Tarneit-based development, Orchard which was revealed as Victoria’s most popular house and land development.
“The interest and enquiries on Orchard Tarneit through realestate.com.au have been very strong over the last few months. As a maturing estate, Orchard Tarneit has a variety of land lots to offer including titled lots which fit perfectly into the HomeBuilder scheme,” Michael said.
“The announcement of the HomeBuilder scheme saw enquiries in Orchard Tarneit increase by 200% in June as compared to enquiries recorded in May. As a result, we have released more land lots to cater to the increased demand.”
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Enquiries for new developments surged in June following governments HomeBuilder scheme: realestate.com.au

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Joel Robinson

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

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Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

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Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

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Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

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Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

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Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

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Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

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SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

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<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

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Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

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According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

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The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

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