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One third of mortgage owners have less than a month's buffer against financial instability, the Reserve Bank has warned.
The RBA's half-yearly financial stability review, released today, suggested a decline in investor credit could reduce consumption sharply, then trigger a downturn in the market. 
"The concern is that investors are likely to contribute to the amplification of the cycles in borrowing and housing prices, generating additional risks to the future health of the economy," the RBA said.
"Periods of rapidly rising prices can create the expectation of further price rises, drawing more households into the market, increasing the willingness to pay more for a given property, and leading to an overall increase in household indebtedness."
The central bank warned elevated mortgage debt, especially among investors, would see pain felt across the broader economy if high debt, falling house prices, and rising unemployment combined.
It added the banks are well braced for a downturn should it come.
“The risks associated with strong investor credit growth and increased household indebtedness are primarily macroeconomic in nature,” the RBA said.
The RBA was confident that the banks are well capitalised and would ride out an economic downturn.
“Australian banks have continued to reduce exposures to low-return assets and are building more resilient liquidity structures,” it said.
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j.ballantyne1990-6AQqhLzZaK

Home borrowers with less than a month in reserve, so Reserve Bank steps up property warnings

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An Kensington house has been sold for $2.530 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-124968462" target="_blank">168 Bellair Street</a>, the former Kensington Property Exchange was constructed in 1891.
The property is an example of architect Edward Owen Hughes with a heavily ornamented façade with pedimented Corinthian pavilions.
It features an octagonal tower on the first floor as well as a ground-floor commercial space suitable for an art gallery, boutique architect’s office or consultation room.
Potential to divide the property into a spacious one-bedroom first-floor apartment and three-bedroom second-floor home is available or you can retain the four-bedroom personal residence across two levels.
Other original features includes antique fireplaces, original hardwood floors, central timber staircase, stained glass windows and statuesque mouldings.
It is located steps to Kensington Station, moments to Flemington Racecourse, and within easy reach of all major amenities in Melbourne CBD.
The property was offered through Pavilion Property Melbourne agents Joe Morabito and John Slavkoski.
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Bellair Street, Kensington house sold for $2.5 million

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Condev Construction and Mirvac have almost completed construction on the $30m Greystone Terraces residential development in Brisbane's Everton Parks residential project in Brisbane.
Greystone Terraces, on the corner of Russell Street and Old Northern Road, will feature 56 two and three bedroom townhouses, with prices starting from $475,000.
Stage one is already sold out and stage two is over 90 percent sold.
Steve Marais, managing director, Condev, said Greystone Terraces have been a challenging and rewarding project.
“Our relationship with Mirvac has blossomed throughout the duration of the project and we’ve worked in partnership to see it eventuate."
Mirvac Development Manager Jacob Foran says Condev was chosen for the project because of their focus on developing high quality products.
<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/2017/04/07/_D4A8040.jpg" alt="">
 
Greystone Terraces puts the value of Condev’s workbook above $200m.
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Condev Construction's Brisbane development close to completion

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More emergency services workers negatively gear an investment property than lawyers, the latest Tax Office figures show.
But the data shows these police, firefighters and ambulance officers get half the benefit with an average of $745 compared with $1,500 for lawyers given they earn less.
Analysis of the ATO figures by the Grattan Institute finds the biggest winners from negative gearing are surgeons, who claim an average annual tax benefit of $3,586.
The ATO's annual statistics, released on Wednesday, also showed that the number of landlords stopped growing in 2015, as did the net rental losses claimed.
As mortgage interest rates have fallen, the average net loss on property investment has stabilised at between $8,000 and $10,000 a year. 
Of the nation's 2.05 million landlords, 1.3 million were negatively geared, including 58,000 teachers and one in five police officers, Mr Morrison told an urban development conference earlier this week.
"Two thirds of those taxpayers who negatively gear their investments have a taxable income of $80,000 or less," he said.
Grattan Institute chief executive John Daley pointed out said a higher proportion of doctors and lawyers negatively geared than teachers and nurses.
Not that full-time nurses should be cast as low-income earners, he added.
"If you have two people in a household who are both full-time nurses, actually you're in the top 10 percent of income-earners," he said.
"Those professions are quite well paid," he told Fairfax.
Fewer than 5 per cent of sales assistants, cleaners and hairdressers are negatively geared landlords.
Twenty per cent of lawyers are negatively geared, as are 21 percent of emergency services workers.
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More cops are landlords than lawyers

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NSW apartment buyers will pay higher prices as the prices for services associated with the NSW LPI rise ahead of the new ownership.
The $2.6 billion sell off was announced yesterday.
The LPI service controls land title registration and creating new lots.
Apartment projects with more than 12 apartments or homes are faced with higher pre-development costs.
“The increases which have been implemented are extreme,” NSW Property Council executive director Jane Fitzgerald recently said advising a 150-lot strata plan used to cost about $22,000 to register.
Under the new fees calculated per lot, it will cost $43,050 — almost a 100 percent increase — because of the $287 per lot fee for each lot.
Other examples include a 565-apartment project in Newcastle under construction by the state’s development arm Urban Growth and listed developer GPT, which will be saddled with an extra $347,320 in costs for pre-­examination lodgement and final lodgement and registration of strata and deposited plans.
Under the new fee structure, the developer will pay $473.50 per lot for pre-examination, and then another $287 flat fee, plus $287 per lot for final lodgement or regis­tration of the plans.
There are also fears that home buyers will be needing to take title insurance to safeguard their purchase under the new structure.
Infrastructure fund manager Hastings Funds Management and pension fund First State Super signed a $2.6 billion deal to operate NSW's land titles and registry business.
 
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NSW LPI paperwork costs rise in advance of $2.6bn sale 

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Jordan Belfort, the Wolf of Wall Street who gained international fame through a movie portrayal by Leonardo di Caprio, has reportedly inspected a prestige Brisbane home.
Place Agents agent Sarah Hackett has indicated Belfort inspected her recent listing, <a href="https://www.realestate.com.au/sold/property-house-qld-bridgeman+downs-110427609" target="_blank">58 Retreat Street, Bridgeman Downs</a>.
It is luxurious four-bedroom mansion.
His former Long Island mansion is for sale at a asking $US3.4 million price. 
The Long Island mansion was bought to the big screen in the 2013 film The Wolf of Wall Street starring DiCaprio.
The property was seized from Belfort by the United States Federal government in 2001 in order to help pay back some of the $110 million owed to his victims. 
Belfort inspected the one hectare 58 Retreat Street estate which sold for $4.96 million earlier this month.
The Wall Street Journal reported in 2014 that Belfort was living in Australia.
In 2015 Belfort was working for Brisbane-based training company Fact-to-Face.
Belfort was contacted for comment by Domain without success.
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Jordan Belfort inspects $4.96 million Bridgeman Downs, Brisbane estate

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A Forrest house designed by Canberra’s first residential architect, Kenneth Oliphant, was one of Canberra's biggest weekend sales.
It sold for $2.57 million, having last traded when Ken bought the home for $415,000 in 1995.
The four-bedroom 1940s home at <a href="https://www.propertyobserver.com.au/https://www.allhomes.com.au/ah/act/sale-residential/24-arthur-circle-forrest-canberra/1317360801611" target="_blank">24 Arthur Circle</a> attracted seven registered bidders and five parties placed a bid.
Set on 1,350 sqm, the single level home has been reinvented by Ken into a family entertainer.
Separate formal living areas each lead to outdoor areas and an entertainment patio overlooks a swimming pool and spa.
 
 
 
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Kenneth Oliphant Canberra designed home sold

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National Australia Bank (NAB) has announced further changes for residential investor and owner-occupier borrowers.
The rate for NAB’s 1 Year Package Fixed Rate for Residential Investment Home Loan has risen to 4.29 percent p.a. for principal and interest repayments.
For the 1 Year Package Fixed Rate for Interest Only Residential Investment Home Loan, rates changed to 4.39 percent p.a.
Fixed rates for all other interest only owner occupier and interest only residential investment loans increased by 0.10 percent p.a. 
“We are operating within a dynamic financial, economic and regulatory environment, and it’s important that we regularly review our pricing and policy measures across all of our home loan products to ensure we continue to lend responsibly,” a spokesperson from NAB told Australian Broker.
The changes made to our fixed rates on Friday 7 April 2017 apply to new loan accounts only.
Throughout March and the beginning of April, the Mozo website saw a spate of interest rate hikes from 40 lenders, including all four of the big banks.
"Investors were hammered in this round of increases, with rates rising an average of 0.19% on principal and interest loans, and 0.23% on interest only," Steve Jovcevski at Mozo noted.
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NAB lifts fixed rates for new borrowers

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Peterborough is the cheapest locality in South Australia to purchase a house, according to Investar’s latest report.
The property investment firm says that houses in Peterborough can be purchased at around a $110,000 median.
This is followed by Coober Pedy with $119,000 and Port Pirie with $139,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Bedrooms
</td>
<td valign="top" width="106">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Peterborough
</td>
<td valign="top" width="106">
5422
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$110,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Coober Pedy
</td>
<td valign="top" width="106">
5723
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$119,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Pirie
</td>
<td valign="top" width="106">
5540
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$139,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Augusta
</td>
<td valign="top" width="106">
5700
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$160,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bordertown
</td>
<td valign="top" width="106">
5268
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$162,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Millicent
</td>
<td valign="top" width="106">
5280
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$165,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Naracoorte
</td>
<td valign="top" width="106">
5271
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$170,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Whyalla Stuart
</td>
<td valign="top" width="106">
5608
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$179,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Whyalla
</td>
<td valign="top" width="106">
5600
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$182,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Davoren Park
</td>
<td valign="top" width="106">
5113
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
$182,500
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-peterborough-124488466" target="_blank">82 Kitchener Street</a>, Peterborough (above) has been listed for $107,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-peterborough-124753342" target="_blank">57 Wright Street</a>, Peterborough (below) has been listed for $116,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/12/57%20Wright%20Street.jpg" alt="">
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Peterborough cheapest South Australia locality for houses: Investar

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An elevated cottage house at Regency Downs in Queensland has been sold for $210,000, one of the cheapest across the weekend.
Located at <a href="https://www.realestate.com.au/property-house-qld-regency+downs-124912082" target="_blank">64 Cricket Road</a>, the property is set on a one acre block.
A frame style timber cottage it consists of a kitchen, bathroom, bedroom and lounge room downstairs.
Two bedrooms with air conditioning are located upstairs.
Front verandah offers views to the north of Lockyer Valley.
Other features of the property include two steel sheds.
Set minutes from the growing Plainland precinct and shops, it was last sold in 2010 for $276,000.
The property was offered through Elders Real Estate agent Darryl Muckert.
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Regency Downs, Queensland cottage house sold for $210,000

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

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