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A three bedroom apartment at Sydney has been sold for $2.42 million.
The asking price of the property was $2.45 million.
Located at <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-124975838" target="_blank">5110/93 Liverpool Street</a>, the property has views of the CBD and Hyde Park as well as city skyline.
Filled with eastern and northern sunlight it is  set on the exclusive 51st floor and features a combined lounge and dining area, sunroom floor-ceiling sliding doors and a deluxe stone kitchen with gas appliances.
<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/2017/03/27/5110_93%20Liverpool%20Street-2.jpg" alt="">
Bedrooms are all doubles with built-in wardrobes while the master bedroom features an ensuite and northern outlook.
There is also a heated pool, spa, sauna, gym, sky lounge and 24 hour concierge available.
Other features includes study alcove, ducted air conditioning and secure parking.
Literally metres from boutique shops, cafes, restaurants and supermarkets.
The property was offered through Sydney Sotheby's International Realty agents Oliver Stillman and Richard Shalhoub.
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j.ballantyne1990-6AQqhLzZaK

World Tower Sydney apartment sold for $2.42 million

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New and old apartments around inner Melbourne have been compared to see which were more valuable in 2016, according to Secret Agent’s recent report.
The sample included 1674 apartment sales across inner Melbourne’s suburbs and the CBD from January to December 2016.
New apartments are those built from the 90s onwards, excluding any recent off-the-plan apartment sales.
Old apartments include Art Deco units and flats located in 60s to 80s brick buildings.
The model accounted for location, size of the apartment (number of bedrooms, number of bathrooms, floor area of internal and external space) and whether a car park was included or not.
It was found that on average and holding all else constant, older style apartments in inner Melbourne are expected to sell for $38,000 more than new apartments, which is a 5.75% increase in average expected sale price.
This is significant at all levels of significance (p &lt; 0.01).
The results are shown in Table 1.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%201.40.07%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Screen%20Shot%202017-02-06%20at%201.40.07%20pm.jpg" alt="">
A comparison based on the number of bedrooms shows that one and two bedroom apartments of both styles had similar average sale prices.
It is mostly with very small (studio) and very large (three or more bedroom) apartments where we can observe the biggest price differences.
Old studio apartments sold on average for 27% more than new studios, while old apartments with three or more bedrooms sold for 19.5% more than their new counterparts.
Different apartment sizes can be accounted for by comparing them on a price per square metre basis.
Table 2 shows that for old apartments, the price per square metre declines as the number of bedrooms increases.
<a href="https://www.propertyobserver.com.au/images/2017/06/Screen%20Shot%202017-02-06%20at%201.40.15%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Screen%20Shot%202017-02-06%20at%201.40.15%20pm.jpg" alt="">
The best value is gained from apartments with at least three bedrooms, which sold on average for $8,600/m2, while older studio apartments were the most expensive per square metre at nearly $10,000/m2.
For new apartments, smaller apartments are all similarly valued, with 1 bedroom selling cheapest at $8,400/m2, nearly $800/ m2 cheaper than older brick and Art Deco apartments.
New apartments with three or more bedrooms are more expensive than larger old apartments at nearly $9,100/m2.
While this data alone gives no definite explanation as to why old apartments are valued more highly than newly built apartments, some possible reasons include:
• On average, older apartment buildings will be smaller than new buildings, which may make them more appealing to buyers. They may also be better located to buyer’s preferences.
• Well maintained or refurbished apartments located in older buildings often have a lot more character than new apartments.
• Our sample contained more than twice as many new apartments compared to old, suggesting that the relative rarity of good quality, older style apartments makes them more appealing.
• Older apartments often have more spacious layouts and higher ceilings.
Even so, it is somewhat surprising that the average sale price of older apartments surpasses that of new apartments.
Often more amenities (gym/pool, underground parking, etc.) are found in newer apartment buildings and they are generally easier to maintain.
This may suggest that new developments are not meeting the needs of buyers, who instead are willing to pay a premium for older apartments.
A three bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-st+kilda-125090398" target="_blank">7/29 Marine Parade</a>, St Kilda (above) has been listed for sale with interior filled characters and bay views for April 22 auction.
For more information from Secret Agent, <a href="https://secretagent.com.au/" target="_blank">click here</a>.
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Why three bedroom older apartments offer the best value

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Expressions of interest have been sought from buyers for within The Acres masterplanned development in the south western Sydney suburb of Tahmoor.
Urban Land Housing is offering rural residential lots over 4000m² at 165-195 River Road Tahmoor, which, when developed, will comprise 125 4000 sqm plus homesites spread over 110 hectares.
Construction work is slated to begin this year.
Christopher Lowry, managing director of Urban Land Housing said the location is in the midst of one of the fastest growing vibrant areas of Sydney, with a flourishing food scene and a wide variety of recreational activities.
<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/2017/03/31/NCF019385-86.jpg" alt="">
"The Tahmoor area is experiencing rapid growth with numerous parks, picnic areas and unique bushwalks,” Mr Lowry continued.
The first stage will be the Bellbird release comprising 18 rural residential homesites from 4013 sqm to 6660 sqm.
The Acres, is situated within a 10 minute drive to Tahmoor’s train station and the historic village of Picton, 30 minutes from Camden.
The land was previously a horse stud and is bound by the Nepean River (to the east), Myrtle Creek (to the north), Bargo River (to the south) and rural land (to the west).
<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/2017/03/31/Aerial.jpg" alt="">
To register your interest in The Acres visit <a href="https://www.theacres.com.au" target="_blank">theacres.com.au</a>.
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The Acres underway as rural masterplanned community west of Sydney

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A new nine storey, 79 apartment residential development on Wellington Street, Collingwood has been unveiled.
Pace Development Group’s Pace of Collingwood has been designed by SJB Architects with the aim of creating "new apartments with an old soul".
The marketing for the­­ development at 75 Wellington Street, on the corner of Wellington and Langridge Streets, highlights the easy walkability of the area’s gentrification, particularly its bistros, local roaster cafes and wine bars with new award winning restaurants and eateries.
Beaudene Fulwood of SJB Associate Architect said the firm reflected on what makes Collingwood unique to the residents, the community and Melbourne at large.
“The finer detailed and grain of the bronze metal-clad upper levels of the building are a juxtaposition to the order and solidity of the podium,” said Fulwood.
“These levels angle away from the street forming a ‘mansard’ style roofline allowing more natural light and aspect into these apartments.
“Taking advantage of the setbacks of the building, an elevated ‘pocket park’ is proposed to increase the amenity for the building’s residents and provide valuable green space softening the composition of the building.”
Units at Pace of Collingwood will range from $482,000 for one bedrooms, up to $1,100,000 for three bedrooms, two bathrooms and two car parks.
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Pace of Collingwood residential development unveiled

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A house set against a bushland backdrop at Deakin has been sold for $1,455,000, making it Canberra’s most expensive weekend sale.
Located at <a href="https://www.realestate.com.au/property-house-act-deakin-124881626" target="_blank">22 Galway Place</a>, the 1073 square metre property was designed by architect John Scollay and has been preserved in its original condition.
Entrance foyer leads to the north facing formal living room, which features built-in book shelves and open fireplaces.
Adjacent to the living room is the dining area, which connects to the rear garden.
<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/2017/04/02/22%20Galway%20Place-2.jpg" alt="">
Timber kitchen features large laundry area, Westinghouse electric upright stove and cupboard space.
The family room/play area has three bedroom cubicle, each with their own built-in desk and wardrobe alongside two separate bedrooms, also each with their own built-in wardrobes.
There is an opportunity to add a second storey to the property due to the flat roof and solid construction.
The property was offered through Luton Properties agent Geraldine Collison.
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Bushland-surrounded Deakin, Canberra house sold for $1,455,000

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The North West region of Melbourne had the highest weekend auction clearance success rate, according to CoreLogic’s latest report.
The property data firm says that out of the 80 auctions in the North West, 86.3% resulted in a success.
This was followed by the West with 86.2% and the North East and Outer East with 83.3%.
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%209.59.09%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/03/Screen%20Shot%202017-04-03%20at%209.59.09%20am.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-keilor+east-124896870" target="_blank">3 Ash Grove</a>, Keilor East (above) was sold for $950,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-sydenham-124896638" target="_blank">14 Lorinda Close</a>, Sydenham (below) was sold for $593,000.
<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/2017/04/03/14%20Lorinda%20Close.jpg" alt="">
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Melbourne's North West region has highest weekend auction clearance rate: CoreLogic

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The Inner West region of Sydney scored the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm says that out of the 63 auctions in the Inner West, 93.7% resulted in a sale.
This is followed by the City and Inner South with 89% and the Eastern Suburbs with 88.5%.
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%209.58.59%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/03/Screen%20Shot%202017-04-03%20at%209.58.59%20am.jpg" alt="">
The Outer South West region had the lowest auction clearance rate with only 47.1% of its auctions sold.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-glebe-124908854" target="_blank">24 Lyndhurst Street</a>, Glebe (above) was sold for $4.1 million.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-north+strathfield-120779285" target="_blank">14 Hamilton Street</a>, North Strathfield (below) was sold for $2.09 million.
<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/2017/04/03/14%20Hamilton%20Street.jpg" alt="">
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Sydney's Inner West scores weekend auction clearance rate of 93%: CoreLogic

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Perth’s home values continue to decline, according to CoreLogic’s latest report.
The property data firm says that over the last year Perth’s home value has declined by 5 percent.
This is not helped by a decline of 0.6 percent in the last week.
There has been a 0.2 monthly increase for Perth over the past month.
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.53.49%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.53.49%20am.jpg" alt="">
Adelaide has the lowest home value increases with only an increase of 2.7 percent over the last 12 months.
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Home values in Perth continues to decline: CoreLogic

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Geelong had the highest regional auction clearance rate over the weekend, according to CoreLogic’s latest report.
The property data firm says that out of the 27 auctions in Geelong 85.2 percent resulted in a success.
This was followed by Wollongong with 75 percent and Hunter region with 74.4 percent.
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%209.59.18%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/03/Screen%20Shot%202017-04-03%20at%209.59.18%20am.jpg" alt="">
Gold Coast had the lowest auction clearance rate with only 57.1 percent of its auctions resulted in a successful outcome.
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Geelong scores highest regional weekend auction clearance rate: CoreLogic

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Adelaide has the highest boost in total listings over the past 12 months, according to CoreLogic’s latest report.
The property data firm says that the number of total listings in Adelaide has increased by 6.4 percent to 8567.
However Sydney still dominates the number of new listings with an increase of 17.2 percent to 7330, given the seasonality of Easter being at this time last year.
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.56.05%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.56.05%20am.jpg" alt="">
Only Darwin has a decline in the number of properties, total and new, with the number of new listings dropping to 179, a decline of 4.3 percent.
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Listings spike in Adelaide: CoreLogic

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.

Staff reporter

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