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A supermarket in the regional Victorian town of Stawell has sold for $5.11 million.
The <a href="https://www.realcommercial.com.au/property-retail-vic-stawell-502257578" target="_blank">126-130 Main Street</a>, Stawell property comprises a total trading area of 1,622 square metres and more than 100 onsite car parks.
The property is anchored by a new 15-year lease to Ritchies SUPA IGA.
It received eight offers during the sales process, according to CBRE’s selling agent Joseph Du Rieu.
Du Rieu, who brokered the sale with Kevin Tong and Justin Dowers, said the sale – reflecting an initial yield of 5.82% – is a sign of the strength of Victoria’s retail investment market.
“Although there have been well publicised concerns around the potential increased cost of debt in the coming months, this transaction highlights the strength of the current buyer market and is further evidence of investors taking a long term position on these supermarkets,” he said.
“We were blown away by the response for this property from the 90 plus buyers who enquired, particularly given the location in a township where the permanent population is less than 10,000 people.
“Given that yields of 5% have typically been reserved for supermarkets operated by Coles or Woolworths, we feel this is a very strong result and a sign of the current market environment.”
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j.ballantyne1990-6AQqhLzZaK

Stawell IGA supermarket sells for $5.11 million

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Demand for Darwin rental properties is booming, according to Raine &amp; Horne Darwin.
The agency said that the Darwin rental market is still above the 2% vacancy rate sweet spot achieved a few years ago, with vacancies running at more than 7%.
Rental days-on-market have fallen to an average of about 32 days in Darwin, according to Glenn Grantham, general manager, Raine &amp; Horne Darwin.
"Rental yields for Darwin houses have improved and are currently 5.1%, which is the highest in Australia,” he said.
Grantham said that the keys to securing a tenant in the Darwin market are presentation and sensible pricing.
“Vacancies are headed in the right direction, which is a good sign, however its means investors shouldn’t be complacent.”
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Darwin rentals in hot demand: Raine & Horne

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Multiplex has reached a major construction milestone on Hengyi Pacific’s $170 million high-rise residential tower, Light House, reaching the highest point of the 70-level building which will have a coloured mosaic facade.
Located at 450 Elizabeth Street on the corner of Franklin Street in Melbourne’s CBD, Light House will comprise 607 apartments.
Graham Cottam, regional managing director of Multiplex Victoria, said precast and prefabricated components had been utilised in some parts of the construction methodology to improve on-site speed and work within the constraints of a small CBD site.
Light House had presented many challenges with the small building footprint requiring a complex delivery and loading schedule, Cotton said.
The tower will feature 66 levels of apartments including one, two and three bedroom configurations, with a ground floor lobby and retail space over the ground and first levels.
Architects Elenberg Fraser have designed a sleek tower that is a ‘three-dimensional kaleidoscope’ that twists and undulates on its axis thus creating a façade that appears to be a moving object.
<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/2017/03/16/LIGHTHOUSE_FEB_2017_A4_4.jpg" alt="">
Light House features purple tinted angular aluminium panels which change colour depending on your perspective.
Resident facilities include a gymnasium, private dining and entertaining rooms complete with kitchen facilities.
A steel and glass roof sits above a 25 metre lap pool. 157 automated car stacker spaces and 201 bicycle racks will be provided over seven podium levels.
ESD features have been incorporated into the design with rainwater harvesting and re-use included in the landscaping, high performance double glazing used throughout and energy efficient lighting systems fitted throughout the development.
Apartments will be fitted with WELS rated water efficient fixtures and appliances and natural ventilation will be provided to all habitable spaces.
Over 300 workers have been on-site at any one time and construction is expected to be completed by August 2017.
Multiplex has also been engaged to undertake Hengyi’s Swanston Central development at 170 Victoria Street Carlton, of which sales are down to the last 10% with Colliers International as head agent.
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Multiplex tops out $170 million Light House project

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Darwin is the slowest capital city to sell a property, according to CoreLogic’s latest report.
The property data firm says that the average time to sell a unit in Darwin is 113 days while a house can expect to sit on the market for 92 days.
Unsurprisingly, the city also has the nation's highest average vendor discount of 8.6% for units. Houses fair slightly better, requiring a 5.8% discount - lower than Perth's nation-leading 7.1%.
<a href="https://www.propertyobserver.com.au/images/2017/03/20/Screen%20Shot%202017-03-20%20at%201.05.15%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/2017/03/20/Screen%20Shot%202017-03-20%20at%201.05.15%20pm.jpg" alt="">
This is in contrast to Sydney where it has the shortest time to sell a property.
It takes around a month for a house or a unit to be sold in Sydney.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-moulden-124708102" target="_blank">2/2 Orchid Court</a>, Moulden (above) was sold for $212,000.
Similarly, a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nt-muirhead-122012830" target="_blank">17 Hargrave Street</a>, Muirhead (below) was sold for $615,000.
<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/2017/03/23/17%20Hargrave%20Street.jpg" alt="">
Average vendor discounting for units in the Harbour City is also the equal lowest, at 3.8%, but it is the nation's capital, Canberra, which matches it for units and leads the way for houses (2.5%).
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Darwin the slowest capital to sell a property: CoreLogic

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The Newcastle housing market is currently balanced with rental vacancy in a period of stability, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that the trend in the Newcastle is towards a tightening rental vacancy.
It also noted a very strong demand for newly constructed houses.
<a href="https://www.propertyobserver.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%2012.43.16%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/2017/02/10/Screen%20Shot%202017-02-10%20at%2012.43.16%20pm.jpg" alt="">
Newcastle is at the peak of the housing market with new properties almost always being sold at prices exceeding their potential resale value, the firm says.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-newcastle-123754658" target="_blank">62 Wolfe Street</a>, Newcastle (above) recently sold for $975,000.
Similarly, a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-newcastle-121589098" target="_blank">336 Wharf Road</a>, Newcastle (below) recently sold for $660,000.
<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/2017/03/21/336%20Wharf%20Road.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-newcastle-406786796" target="_blank">141 Parry Street</a>, Newcastle (below) is available for rent from $530 per week.
<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/2017/03/23/141%20Parry%20Street.jpg" alt="">
A seven bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-newcastle-413297491" target="_blank">18 Church Street</a>, Newcastle (below) is available from $185 per week.
<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/2017/03/23/18%20Church%20Street.jpg" alt="">
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Balanced rental housing market in Newcastle: HTW

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Over the past five years Toowoomba has been a solid performer, with its residential housing and unit market adding between 21 and 23 percent price growth, according to REIQ's latest report.
However the market was potentially levelling off as demand begins to contract, the report noted.
The median house price grew just 0.9 percent this quarter, to $355,000 and over the past 12 months the market has fallen 1.1 percent.
The Toowoomba unit market has stalled with just 0.4 percent growth this quarter and a fall of 0.2 percent over the past 12 months.
The quarterly median unit price is $290,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-east+toowoomba-124861510" target="_blank">147 Mackenzie Street</a>, East Toowoomba (above) has been listed for $395,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-south+toowoomba-124027594" target="_blank">208 South Street</a>, South Toowoomba (below) has been listed for over $359,000.
<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/2017/03/16/208%20South%20Street.jpg" alt="">
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Toowoomba market starting to level off after solid growth: REIQ

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An eight hectare property at Berwick has been listed for auction for $4.5 million.
Located at <a href="https://www.realestate.com.au/property-house-vic-berwick-124896882" target="_blank">153 Beaumont Road</a>, Kialoa has views towards Westernport Bay.
The location is rural in character, however Berwick Village is minutes from the property.
Designed by Hugh Newell Jacobsen, the property has a master suite that has an ensuite and spa along with two further bedrooms with ensuites.
A fitted study, great lounge and dining room as well as library-sitting room with revolving bar are also included.
The garden has an inground pool as well as a helipad.
<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/2017/03/22/153%20Beaumont%20Road-2.jpg" alt="">
It also has a private garden oasis with paths winding through various garden rooms to a lily covered lake at its foot.
A stable complex and adjoining riding arena is also on the property.
It has eight stalls, an office, feed tack, store rooms along with kitchen, wash bay and machinery shed.
The sheltered paddocks are serviced by a laneway system, loose boxes and round yard.
The property goes to April 8 auction through First National Real Estate Neilson Partners agent Graeme Curtis.
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Eight hectare Berwick property with helipad listed

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Film producer Anita Jacoby and her accountant husband John Cary have finally sold their long-held Avalon waterfront for $3.8 million.
It achieved right in the middle of its $3.7 million to $3.9 million price guide that was offered through McGrath Avalon agent James Baker.
The redundant four bedroom home previously had a price guide of $3.85 million to $4.23 million with LJ Hooker's David Watson when it was listed heading into Spring.
Jacoby paid $206,000 for the 1021 sqm property in 1985 and commissioned award-winning architect Peter Tout to build the home about 20 years ago.
Still smitten with Pittwater she said recently that most people don’t realise how beautiful the peninsula is."
“I’ve been all over the world and Pittwater is world class to me.”
The media executive is best known for her work on Enough Rope, 60 minutes and The Gruen Transfer and was previously managing director at ITV Studios Australia.
The couple upgraded in the suburb in 2015, spending $5.7 million on six bedroom waterfront surrounded by tropical gardens.
This article first appeared in the Daily Telegraph.
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Peter Tout-designed Avalon waterfront sold

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The Sunshine Coast LGA has taken top place for market growth this quarter and for the year, according to the REIV March quarter update.
The market grew 4.8 percent this quarter, to a median house price of $545,000 and a hefty 6.1 percent for the year.
Over the medium term, (five years), it is 20.7 percent higher.
The unit market has held its own in a climate of strong supply.
Although it only grew 0.2 percent, to a median price of $375,750 this quarter, it added a respectable 1.6 percent for the year and is 10.3 percent higher than it was five years ago.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-palmwoods-124861942" target="_blank">7 Red Jacket Court</a>, Palmwoods (above) has been listed for $509,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-little+mountain-124727402" target="_blank">2</a>5 Little Mountain Drive, Little Mountain (below) has been listed for $549,000.
<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/2017/03/16/25%20Little%20Mountain%20Drive.jpg" alt="">
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Sunshine Coast scores top place in quarterly and yearly market growth: REIQ

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Often referred to as the brown snake, the Brisbane River is home to some of the city’s most prestigious riverfront residences, according to Place Project’s latest report.
Place Advisory’s annual riverfront apartment report has analysed all riverfront apartments that have transacted over the past ten years and they have outlined how the market has performed in comparison to non-riverfront apartments.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.24.15%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.24.15%20am.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.24.45%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.24.45%20am.jpg" alt="">
Due to the limited amount of available stock, Brisbane’s riverfront apartment market has seen substantially lower sales volumes in comparison to non-riverfront apartments.
The most recent six month period ending June 2016 saw the riverfront apartment market record 162 transactions, representing just 8.4 percent of all apartment transactions in Inner Brisbane.
This result is in line with the long term ten year average, in which riverfront apartments have represented just 8.7 percent of total sales, portraying its limited nature.
As shown in the ten year apartment sales cycle graph above, the median sale price for an apartment located on the Brisbane River is significantly higher in comparison to non-riverfront apartments.
The most recent six month period ending June 2016 saw riverfront apartments record a median sale price of $763,500.
This is 68% more expensive than non-riverfront apartments, which recorded a median sale price of $455,000 for the same six month period.
Over the past ten years, riverfront apartments have been, on average, 69 percent more expensive than non-riverfront apartments.
The six month period ending June 2008 (pre GFC) saw the largest price difference when apartments on the river were 110 percent more expensive, sitting at a median sale price of $850,000.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.25.34%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.25.34%20am.jpg" alt="">
Riverfront apartments in Inner Brisbane have generally achieved higher capital growth than non-riverfront apartments.
As shown in the graph above, riverfront apartments achieved 2.7 percent capital growth during the June 2016 six month period, down from 3.1 percent in the previous six month period, whereas non-riverfront apartments achieved 2.4 percent capital growth.
Apartments located on the Brisbane River, have achieved, on average, 5.7 percent capital growth per annum over the past ten years.
The six month period ending June 2008 saw the riverfront apartment market peak at 11.4 percent, which was then followed by several periods of consistent decline.
The effects of the 2011 floods strongly impacted the riverfront apartment market, which saw capital growth fall to its lowest point in ten years, recording just 1.7 percent growth following this event.
There was however a quick recovery in the following months.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.26.50%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.26.50%20am.jpg" alt="">
The map above shows the number of riverfront apartment transactions that have occurred in Inner Brisbane, categorised by suburb, over the past ten years ending June 2016.
The map is colour coded, with the darker green representing the highest number of sales.
Accounting for one quarter of Inner Brisbane’s riverfront apartments, Kangaroo Point achieved the highest volume of transactions, recording a total of 1,149 riverfront sales over the past ten years.
This was followed by New Farm, which recorded 717 riverfront apartment transactions over the past ten years.
In recent years, West End has seen increasing volumes of riverfront apartment transactions as the area undergoes significant rejuvenation.
As the suburb continues to be redeveloped, it has now established itself as a market with a strong riverfront apartment presence.
<a href="https://www.propertyobserver.com.au/images/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.27.39%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/2017/03/12/Screen%20Shot%202017-03-12%20at%2011.27.39%20am.jpg" alt="">
The chart above shows the top 20 most expensive riverfront apartment buildings in Brisbane over the past ten years.
Scott Street apartments, located in Kangaroo Point recorded the highest average apartment price of $4.9 million over the past ten year period.
New Farm’s Aquila Moray apartments came in second, recording an average sale price of $4.5 million.
The majority of Brisbane’s top 20 riverfront apartment buildings are located in the North of the River precinct, with all except two buildings being located in New Farm.
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Brisbane's riverfront apartment price growth put at 9 percent over past year

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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