Unit values are having their time in the sun in Sydney, as affordability and higher interest rates put a dampener on the house market.

The monthly update from property data analytics firm CoreLogic shows unit values increased by 0.6 per cent across September, whereas the counterpart house market saw a modest 0.1 per cent gain.

The Sydney median unit value is now $860,000, compared to the median value of houses which is now $1,473,000.

The growth in the Sydney market has slowed, with dwelling values, which incorporates houses and units, showing 0.5 per cent gains over the September quarter, the lowest growth since early 2023 when values briefly declined.

<h2>What happened in Sydney’s off the plan apartment market in September</h2>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region.

Over 60 per cent of apartments in the first release at TWT Property Group's <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>, on the fringe of <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> and <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>, were snapped up on the opening weekend.

Local downsizers and young couples made up the majority of purchasers who were attracted to the proximity to both&nbsp;Crows Nest Metro and Crows Nest village.

[smartcode_project:default project_id=94318 project_image_fid=293323]

The first building will have 93 one, two, three and four-bedroom apartments.&nbsp;The curved, 16-level building features interiors by&nbsp;<a href="/architects/dbi">DBI</a>&nbsp;who has created an interior scheme that is focused on creating functional living spaces, like the inclusion of study nooks and protected balconies.

The first stage of the masterplan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the total 1.3-hectare development.&nbsp;

&nbsp;

[smartcode_project:default project_id=94318 project_image_fid=293324]

&nbsp;

It's been the same strong response to Elevate at Hume Place, the new release of apartments literally above Crows Nest Metro from Third.i.

The 130 one, two, three bedroom apartments offer unparalleled access to Sydney, as well as all of the amenity in the booming Lower North Shore metro corridor.

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes, offering a wide choice for buyers.

[smartcode_project:default project_id=142550 project_image_fid=297877]

Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

&nbsp;

&nbsp;

Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the&nbsp;<a href="/developments/crows-nest-nsw-2065">Crows Nest</a>&nbsp;Overstation Development at the end of 2022 after being shortlisted by the NSW Government and Sydney Metro in a rigorous and highly competitive tender process. Third.i and PPI were selected over some of Australia’s most successful developers, to deliver both sites above the station.

[smartcode_project:default project_id=142550 project_image_fid=297878]

Records continued to set in the east with the circa $22 million sales of the AYA Penthouse representing the highest price paid for a non-beachfacing apartment.

The four-bedroom penthouse, designed by&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>&nbsp;at the top of the nearly complete Aqualine building, is the largest single-level penthouse in Bondi Beach.

<img alt="AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-12%20at%207.40.27%E2%80%AFAM.png?VersionId=1pjK1aEVzQQ7f8WmAoiD.aQuvoXAxx7W" />

There was another record set in <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a> in the nearby&nbsp;<a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>. An $8.85 million sale is the highest achieved for a three-bed apartment in the suburb.

Ray White Projects Director, Marcello Bo, said local rightsizers continue to show strong interest in the project with "generous layouts and amazing interiors."

“Uninterrupted views of the harbour and city skyline is a big drawcard for buyers, along with the proximity to Woollahra,&nbsp;Bondi Junction&nbsp;and Centennial Park across the road," Bo said.

“The Centennial Collection&nbsp;finishes are extremely luxurious. There’s a winter pool and a year-round rooftop pool, a concierge and wellness hub; it really is a luxury experience.”

[smartcode_project:default project_id=136076 project_image_fid=212615]

Activity from both buyers and developers continued in Castle Hill.

Developer&nbsp;<a href="/developers/cpdm">CPDM</a> has secured significant interest following the launch of its low-rise development&nbsp;<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>.

Its proximity to Castle Towers, and its variety of configurations, has seen it become a hit with first home buyers, rightsizers and downsizers.

[smartcode_project:default project_id=135330 project_image_fid=289164]

The most notable new development plans filed in September across Sydney was also in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> where&nbsp;<a href="/developers/kassis-homes" target="">Kassis Homes</a> unveiled plans for Grand Reve II, named after its recently completed debut Castle Hill apartment development, <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a>.

The new plans are for four towers, three residential and one hotel, next door to Grand Reve across a large 9,074 sqm on&nbsp;Garthowen Crescent and Old Castle Hill Road.<img alt="Reve Group file for new four-tower development in Castle Hill" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-10%20at%204.33.37%E2%80%AFPM.png?VersionId=JGCTtL5_W6OlfHZHUTLqDx8oVZZU8xyo" />

The new development will again offer a range of configurations. Across the 19, 22 and 23-level residential buildings will be 50 one-beds, 147 two-bed apartments, 56 three-beds and 11 four-bed apartments.

"We've been building in the area for three decades, and we're passionate about delivering high-quality residential living to&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>," Sam Kassis told Urban.

Read more:&nbsp;<a href="/news/nsw/reve-group-file-for-new-four-tower-development-in-castle-hill">Reve Group file for new four-tower development in Castle Hill</a>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region

Joel Robinson

City Beat October 2024: Units continue to dominate houses in Sydney

Brisbane’s booming unit market is going to narrowly miss out on recording 20 per cent gains over the calendar year.

However, the growth in value of units so far in 2024 is the best the Queensland capital has seen since 1988.

The value of units, which incorporates both apartments and townhouses, rose again in September, by 1.2 per cent, according to property data analytics firm CoreLogic.

Unit values in <a href="/developments/brisbane-qld">Brisbane</a> are now up 14.8 per cent over 2024, reaching a new median value of $661,000. The returns are the second best in the country, only behind Perth, which has already seen over 20 per cent gains.

<h2>What happened in Brisbane’s off the plan apartment market in September</h2>

It was more supply woes in Brisbane, with just the one notable launch of apartments across the region, albeit the planning pipeline is getting more and more robust.

That came from Windsor where local developer <a href="/developers/carbone-developments">Carbone Developments</a> revealed <a href="/new-apartments/amado-windsor-38-grantson-street-windsor">Amado</a>, the developer's fifth apartment development in the area.&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287525]

Set across six levels, Amado offers just 30 large-scale apartments targeting owner-occupiers, with a mix of two and three-bedroom layouts, alongside two penthouses that will provide panoramic views of Brisbane’s skyline.&nbsp;

Carbone Developments, known for its deep connection to Windsor, has integrated the restoration of a pre-1911 heritage-listed home into the project. Construction completion is expected in mid-2026.

Read more: <a href="/news/qld/first-look-carbone-unveil-latest-windsor-apartment-development-amado">First look: Carbone unveil latest Windsor apartment development, Amado</a>

[smartcode_project:default project_id=139074 project_image_fid=287533]

Density is coming to Brisbane, just not in a hurry.

There were approved for one of Brisbane's tallest apartment buildings at&nbsp;<a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>.

The <a href="/architects/koichi-takada-architects">Koichi Takada</a>-designed buildings will be one of Brisbane’s tallest apartment towers standing at 264 metres.

<img alt="Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-02-07%20at%2011.34.00%20am.png?VersionId=Z4HsfKAiIYafTqv6JAkbsjnPrKRmusLg" />

The 71-level structure, to be developed by&nbsp;<a href="/developers/ks-property">KS Property</a>, will feature 527 apartments and over 4,000 sqm of communal spaces, with a design inspired by natural forms, particularly the image of a tree trunk.&nbsp;

Read more: <a href="/news/qld/plans-approved-for-one-of-brisbanes-tallest-apartment-towers-by-koichi-takada">Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada</a>

Fortitude Valley is also expecting a rare new tower, with plans filed for a 28-level building on St Pauls Terrace, a key area bordering Spring Hill.&nbsp;

Designed by&nbsp;McFarland Architects, the tower is set to comprise 164 one, two, three and four-bedroom apartments. The 1,152 sqm of communal space incorporates a gym on the podium level and a rooftop with a swimming pool, spa, rec rec room, barbecue facilities, and various seating areas.

<img alt="First look: Rare new apartment tower pitched for Fortitude Valley" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-18%20at%2012.57.24%E2%80%AFPM.png?VersionId=WGSOZNjHfKDaDtjLPoOU.ktqgAYrGgtr" />

Just 14 one-bed apartments have been pitched. They'll feature alongside 48 two-beds, 62 three-beds, and 40 four-bedroom apartments.

Mewing said the residential breakdown delivers a diversity of housing product to cater for different life stages, needs, and living&nbsp;arrangements.

Read more: <a href="/news/qld/first-look-rare-new-apartment-tower-pitched-for-fortitude-valley">First look: Rare new apartment tower pitched for Fortitude Valley</a>

Low density has been slated for Paddington, with&nbsp;<a href="/developers/core-property-partners">Core Property Partners</a> and P&amp;MV Constructions teaming up to propose a mixed-use precinct at 208-220 Given Terrace.&nbsp;

<img alt="First look: Paddington's Given Terrace set for luxury makeover" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-04%20at%208.53.18%E2%80%AFAM.png?VersionId=t4ha6OnH6Jmh8Jy7NBdjXxdtVblDkZ9N" />

The development will feature 12 luxury apartments and 31 short-stay accommodation suites.&nbsp;

A new pedestrian laneway will be added, enhancing connectivity and creating a civic space that celebrates the area's rich history dating back to the 19th century.&nbsp; 
This development aims to revitalise the commercial heart of Paddington, attracting both locals and visitors alike.

Read more: <a href="/news/qld/first-look-paddingtons-given-terrace-set-for-luxury-makeover">First look: Paddington's Given Terrace set for luxury makeover</a>

City Beat October 2024: Brisbane unit boom continues as buyers line up

Melbourne's soft property market continued over September, but there's better news for units than their is for houses.

Unit values did grow, a modest 0.1 per cent in contrast to house values, which declined -0.2 per cent, CoreLogic's Monthly Index showed.

Unit values are however -0.5 per cent down over the September quarter and -1.6 per cent down so far in 2024.

Units generally are performing better than houses across the country, with six of the eight capitals seeing unit values rise by more than house values over the quarter.

The median value of units in Melbourne now sits at $612,000.

<h2>What happened in Melbourne's off the plan apartment market in September</h2>

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from&nbsp;<a href="/developments/hawthorn-vic-3122">Hawthorn</a>&nbsp;and&nbsp;<a href="/developments/south-melbourne-vic-3205">South Melbourne</a>&nbsp;and&nbsp;as far as Safety Beach on the Mornington Peninsula.

Milieu announced it saw a strong response at Elsternwick Gardens, its new garden-centric community on the site of the former ABC Studios in Elsternwick.

Their&nbsp;VIP open saw a huge uptake of apartment reservations, to a broad range of buyers.&nbsp;<a href="/developers/milieu-property" target="">Milieu</a>&nbsp;also had some repeat purchasers attend the opening of the display suite.

[smartcode_project:default project_id=136535 project_image_fid=288414]

<a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>&nbsp;has attracted strong interest due to several unrepeatable components, none more obvious than the location of the prime 11,740 sqm site which neighbours the historic Rippon Lea Estate.

Read more:&nbsp;<a href="/news/vic/milieus-elsternwick-gardens-development-gains-momentum-following-successful-vip-launch">Milieu's Elsternwick Gardens development gains momentum following successful VIP launch</a>

In keeping with new nature-focused neighbourhoods, <a href="/developers/hamton">Hamton Property Group</a>&nbsp;secured approval for their latest precinct-style&nbsp;residential project in Hawthorn.&nbsp;

Located on a former University of Melbourne site, the development will feature a new garden community comprising 365 residences across six low-rise buildings.

<img alt="Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-17%20at%2011.49.20%E2%80%AFAM.png?VersionId=EqNeBmCmWGGH9ZC.m.hDEWFKAqm7ku44" />

The development includes a mix of apartments and townhouses, along with 5,500 sqm of publicly accessible green space and a new retail village.&nbsp;

The project is set to significantly transform the Hawthorn landscape and is one of the largest to be approved under the Allan government’s accelerated Development Facilitation Program.

Read more: <a href="/news/vic/hamton-given-green-light-for-550-million-masterplan-on-former-university-of-melbourne-site-in-hawthorn">Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn</a>

Golden Age Group also saw their luxury Bayside townhouse development approved, located on the site of the former&nbsp;Xavier Junior School site at 47 South Road, Brighton.

This 3.3-hectare site will be subdivided into 14 individual lots, with plans to deliver 84 new homes.&nbsp;

<img alt="Victorian Planning Minister approves Golden Age townhouse development in Brighton" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-02%20at%207.14.13%E2%80%AFPM.png?VersionId=5yrzKwa4OkgQTkTzldccdS_fw7rr.LYP" />

The development is expected to provide much-needed housing in the area, contributing to both economic growth and community development.&nbsp;

<a href="/developers/golden-age-group" target="">Golden Age Group</a>'s director, Damien Hehir, emphasised the importance of this project in the continued expansion of Brighton's housing market.

Read more:&nbsp;<a href="/news/vic/victorian-planning-minister-approves-golden-age-townhouse-development-in-brighton">Victorian Planning Minister approves Golden Age townhouse development in Brighton</a>

There was further movement in Brighton in September as developer&nbsp;<a href="/developers/primeland">Primeland</a>&nbsp;revealed its plans for&nbsp;the former Brighton Savoy Hotel at 150 Esplanade.

The $25 million plans are for a luxury apartment development that will replace the 1900s-built hotel that was first a private residence before becoming a hotel in 1959.

<img alt="First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/150%20Esplanade%20Brighton%20proposal.png?VersionId=IJQdVGfSaap7OybfEXpoM3SWNnJmfMC5" />

The 3,386 sqm corner site at <a href="/new-apartments/savoy-hotel-150-esplanade-brighton">150 Esplanade</a>, opposite the famous beach, had been owned by the Lee family for 55 years before it was acquired by Primeland as part of its growing $1 billion portfolio which includes assets across hotel, residential, and mixed-use sectors.

The plans by Toorak-based Kennon Architects are for two separate three-level buildings with 14 luxury apartments.

Read more:&nbsp;<a href="/news/vic/first-look-exclusive-former-savoy-hotel-brighton-apartment-redevelopment-revealed">First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed</a>

Luxury developments and releases too were timed for September.

Developer <a href="/developers/dcf-property" target="">DCF Property</a> launched First Light, just 30 apartments lcoated in South Melbourne's popular Domain Precinct.

The new tower at 28 Albert Road will be a mixed-use building with luxury apartments sharing the building with an 88-room Nu by YOO Hotel, the brainchild of property entrepreneur John Hitchcox and&nbsp;French industrial architect and designer Philippe Starck.

[smartcode_project:default project_id=2556 project_image_fid=299333]

The collaboration continues in the two ground-floor restaurants. One will be run by acclaimed chef Scott Pickett, from Chancery Lane and Estelle, and the other by restaurateur Jason Lau.

The apartments have been designed by&nbsp;French architect Léo Terrando, whose approach was to blend global design principles with Melbourne's charm, using materials like brushed nickel, charcoal oak and travertine flooring.

Read more:&nbsp;<a href="/news/vic/inside-first-light-south-melbournes-newest-apartment-development-shaped-by-french-architects-and-celebrated-restaurateurs">Inside First Light: South Melbourne's newest apartment development shaped by French architects and celebrated restaurateurs</a>

Penthouse collections were released in two of Melbourne's newest landmark towers.

<a href="/developers/osk-property" target="">OSK Property</a>&nbsp;revealed their&nbsp;Penthouse Collection at <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest stage of the massive $3 billion <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square precinct</a> in <a href="/developments/southbank-vic-3006">Southbank</a>.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211866]

Designed by renowned interior designer David Hicks, the eight penthouses range from 180 sqm to 471 sqm and start at $4.46 million, with one already sold for $6 million.&nbsp;

Hicks' 'East meets West' design theme merges Eastern minimalism with Western luxury, offering unique, high-end living spaces.

Read more:&nbsp;<a href="/news/vic/luxury-penthouse-collection-by-david-hicks-revealed-at-blvd-southbank">Luxury penthouse collection by David Hicks revealed at BLVD Southbank</a>

R.Corporation also released its penthouses atop&nbsp;<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a> in South Melbourne. We took a tour of the recently completed building, its significant amenities, and the penthouses on offer.

The open-plan penthouse collection flows seamlessly from the kitchen—featuring Gaggenau appliances, a butler’s pantry, and a stunning marble island bench—into a spacious living area that opens up to a generously-sized balcony with expansive views.

[smartcode_project:default project_id=5234 project_image_fid=298022]

Exclusive to sub-penthouses, penthouses, and townhouses is The Horizon Lounge, offers breathtaking bayside views and a communal kitchen for private gatherings.

&nbsp;

Read more:&nbsp;<a href="/news/vic/urbans-video-tour-of-r-iconics-luxury-penthouse-collection-in-south-melbourne">Urban's video tour of R.Iconic's luxury penthouse collection in South Melbourne</a>

A rare opportunity also presented itself down on the Mornington Peninsula with the launch of <a href="/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey Safety Beach</a>, and award-winning development by Figurehead Constructions.

Osprey Safety Beach&nbsp;comprises just 18 two and three-bedroom apartments, and are as competitively priced as any new apartment in the burgeoning community.

[smartcode_project:default project_id=138447 project_image_fid=290648]

Projects by Buxton Director Heath Thompson is already seeing demand from several buyer camps.

"Where Osprey is located and the configurations it has on offer, it can suit several uses, which is attracting several different buyer types," Thompson says.

[smartcode_project:default project_id=138447 project_image_fid=290744]

"Local downsizers who either live in the immediate area or those who have large landholdings in some more remote areas of the Mornington Peninsula who want to be closer to the water, have been the most active buyers so far.

"Then there's those from Melbourne who want a lock up and leave, low-maintenance weekender that they can use themselves or lease as a holiday let when not in use."

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from Hawthorn and South Melbourne and as far as Safety Beach on the Mornington Peninsula

City Beat October 2024: Units fare better than houses in soft Melbourne property market

Gold Coast units have experienced robust growth throughout 2024.

According to the latest data from property analytics firm CoreLogic, unit values in the <a href="/developments/gold-coast-qld">Gold Coast</a> increased by 0.6 percent in September, marking a 1.5 percent rise for the quarter.

The median unit price, which surpassed $800,000 last month, has now reached over $807,000—an increase of 12.3 percent since the beginning of the year.

In fact, this growth has outpaced that of houses, which have shown a slight decline of 0.1 percent in September, despite being up 12.1 percent for the year.

September was particularly active in the off the plan apartment market, with notable activity coming from <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

<a data-entity-type="file" data-entity-uuid="be5cc347-5ebf-4d4d-a603-7f769470fe19" href="/developments/gold-coast-qld"><img alt="Gold Coast" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_0.png?VersionId=2RV7fM4gX4d0aHsjm0AXOTgzElpifY.a" /></a>

&nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in September</h2>

There was a mix of new apartment supply in Main Beach in September, as well as supply to come.

Builder developer Alroe Construction launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, a boutique block of six villa-style apartments across the road from Broadwater.

[smartcode_project:default project_id=146373 project_image_fid=297482]

Located on the corner of Rankin Parade and Peak Avenue, Lune offers just half-floor apartments, each spanning nearly 300 sqm of indoor and outdoor living space.&nbsp;

Alroe has already started construction at Lune, which will welcome its buyers in mid-2025.

Read more:&nbsp;<a href="/news/qld/alroe-reveals-luxury-main-beach-apartment-development-lune">Alroe reveals luxury Main Beach apartment development, Lune</a>

[smartcode_project:default project_id=146373 project_image_fid=297485]

There's some more density planned for Main Beach, with boutique developer Arena Property Group proposing a 28-level tower with 70 apartments.

<a href="/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="a3a55792-3828-49c3-8d53-cd93bd3079e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%207.44.30%E2%80%AFPM.png?VersionId=a_mjjMeppAzWKs1JpKwpHz6Un3x.uFOj" />

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-arena-property-seeks-first-high-rise-tower-with-bella-vie-main-beach-apartment-plans">First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans</a>

There were two big proposals in Palm Beach in September.

Mantaray Marina and Residences developers Gordon Corp and the hospitality Mathieson family are teaming up again, proposing a nine-level building on Jefferson Lane.

The building, a block from the beach designed by Cottee Parker, will have 47 two and three-bedroom apartments.

Sherpa Property Group is also continuing to double down on the Palm Beach apartment market. They've revealed their newest brand, Flourish, a collection of apartments that will target a diverse buyer mix, not just high-end downsizers.

The new development, Flourish on Sixth, will have 94 one, two and three-bedroom apartments, which are expected to be popular among first home buyers.

[smartcode_project:default project_id=146527 project_image_fid=296026]

The biggest proposal in September however came from the heart of the Gold Coast.

Local developer <a href="/developers/andrews">Andrews Projects</a> revealed it was the buyer of the well-known <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">Orion Towers site</a>. One of the towers was approved at over 100 levels, which would have made it one of the tallest towers in the southern hemisphere.

Andrews however has pared back the plans for 1,100 apartments, instead opting for two 37-level towers with just under 400 apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-andrews-projects-reveal-400-apartment-two-tower-development-in-surfers-paradise">First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise</a>

<img alt="Andrews" data-entity-type="file" data-entity-uuid="ce6fd834-f6da-461f-95b0-f111ba7a63bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.33%E2%80%AFAM.png?VersionId=eagz_WYz.LuepsFkf06BdZTP4pEsThDt" />

In September, we spoke to three different off the plan buyers, to understand their buyer journey and what they bought.

Two of the buyers were downsizers, one from Brisbane and one from the Gold Coast, and the other was an investor who recently bought three off the plan apartments in the last six months.

Read more:&nbsp;<a href="/news/qld/the-never-lived-in-appeal-for-gold-coast-downsizer-at-tapestry-chevron-island-urban-buyer-q-a">The "never lived in" appeal for Gold Coast downsizer at Tapestry, Chevron Island: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">Why we are downsizing to Crest Broadbeach: Urban Buyer Q&amp;A</a>

Read more:&nbsp;<a href="/news/qld/why-this-property-investor-bought-three-gold-coast-off-the-plan-apartments-in-six-months-urban-buyer-q-a">Why this property investor bought three Gold Coast off the plan apartments in six months: Urban Buyer Q&amp;A</a>

September was a busy month in the Gold Coast off the plan apartment market, with significant activity in Main Beach and Palm Beach in particular

City Beat October 2024: Price growth continues in Gold Coast units as house market slows

The continued bullrun of unit growth in the Gold Coast has pushed the median value over $800,000.

So far in 2024, the unit market, which incorporates both apartments and townhouses, has jumped nearly 10 per cent, data from property analytics data firm CoreLogic shows. The median started 2024 at $724,000.

August showed another strong month for units, according to CoreLogic, recording 0.6 per cent growth.

The housing market tells a similar story, which is why downsizers are driving demand for new apartments and townhouses up and down the Gold Coast.

The median house value in the Gold Coast is $1,218,000, which in capital city terms, would be the second most expensive capital only behind Sydney.

CoreLogic’s Head of Research, Eliza Owen, noted that markets like the Gold Coast, along with Perth, Adelaide, and Brisbane, are outpacing other regions, thanks in part to a surge in demand for more affordable property options. This is reflected in the fact that unit values in most capital cities are now growing faster than house values.

<h2>What happened in Gold Coast’s off the plan apartment market in August</h2>

The Gold Coast's largest development for decades kicked off its construction in August.

Lewis Land, one of the pioneers of Gold Coast development founded by the late Bernard Lewis back in the 1950, broke ground on their landmark Biggera Waters masterplan, Harbour Shores.

<a href="/developers/lewis-land-group">Lewis Land</a>&nbsp;Chief Executive Officer Brett Draffen said the vacant 16-hectare site, which has been held by the group for more than 40 years, would be transformed into a vibrant ‘village of villages’ that will ultimately be home to more than 4,000 people.

[smartcode_project:default project_id=113271 project_image_fid=290031]

&nbsp;

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>&nbsp;has received a 6 Star Green Star Communities rating from the&nbsp;<a href="/news/a-greener-future-green-building-council-australia-discuss-climate-change">Green Building Council</a>&nbsp;of &nbsp;Australia, a world leadership standard, making it the most sustainable development in the history of the Gold Coast.&nbsp;

Greyburn will deliver the first collection of residences. Around 40 per cent of the first stage has been reserved, with Colliers handling the sales.

Designed by&nbsp;<a href="/architects/bda-architecture">BDA architects</a>,&nbsp;Harbour Shores&nbsp;will evolve over the next decade to deliver a mix of boutique apartments and villas, communal open spaces and parklands, a 1.2-kilometre waterfront boardwalk, private marina berths, and a range of resort-style resident amenities.&nbsp;&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290028]

Another city-shaping development is also set to get underway with the approval of the redevelopment of the Gold Coast Turf Club.

The joint venture with the Gold Coast Turf Club and Tony Fung's Aquis Australia will see a new $370 million delivered. Known so far as the Sunlight Lifestyle Precinct, the new community will home eight new buildings, including three high-rises which will house most of the 582 apartments and 63 short-term accommodation suites.

<img alt="Gold" data-entity-type="file" data-entity-uuid="14bac870-daf3-4e36-93ae-0013ed40065f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-17%20at%209.31.01%E2%80%AFAM.png?VersionId=r3Y3kL4596MNGylyQnSoslv9mXJK5pEJ" />

Tower A and Tower B will also house the rooftop amenities like a swimming pool, outdoor dining area, sauna, spa, and an indoor function room, while Tower C, the tallest at 19 levels, will feature a two-level day club with a central pool, cabanas, day beds, pavilions, restaurant dining, bar space and a VIP lounge.

The remaining residential buildings will be low-rise, located away from the track, featuring ground-floor amenities along a sub-tropical boulevard.&nbsp;

The Sunlight Lifestyle Precinct project will span over seven years and aims to transform the area into a dynamic precinct that complements the Turf Club and nearby Home of the Arts (HOTA).

<img alt="Gold Coast Turf" data-entity-type="file" data-entity-uuid="2cc4457f-3797-49c6-b6f0-cc234e5a21cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-17%20at%209.31.07%E2%80%AFAM.png?VersionId=YfH4px2IPGAq.ItcOTrt2fKlcSuSLYUp" />

There was plenty activity on the beach in August.

The only apartment project to launch to the market was <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a>&nbsp;in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, the latest instalment from&nbsp;<a href="/developers/morris-property-group">Morris Property Group</a>.

The 16 half-floor apartments, designed by <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown Architects</a>, feature three bedrooms and expansive views across the Gold Coast skyline.&nbsp;

[smartcode_project:default project_id=112549 project_image_fid=293545]

Morris, with its own building arm, has been quietly building the boutique development, launching to the market just months before it completes. They're expecting to welcome buyers before the end of 2024.

Malo’s location offers residents easy access to Surf Parade, known for its dining options, as well as Pacific Fair, the largest shopping centre on the Gold Coast.

[smartcode_project:default project_id=112549 project_image_fid=293546]

Several developers bolstered their apartment pipeline last month, with a handful of notable applications submitted to the Gold Coast City Council.

The largest pipeline of apartments by one developer is no doubt Harry Triguboff's <a href="/developers/meriton" target="">Meriton</a>. They have once again filed for a new high-rise in Surfers Paradise.

The new development,&nbsp;<a href="/new-apartments/shore-meriton-126-the-esplanade-surfers-paradise">Meriton&nbsp;Shore</a>, at 126 Esplanade Surfers Paradise, takes its name from the 52-year-old high-rise, The Shore, which currently sits on the vast 3,460 sqm site along with The Dolphins boutique apartment block and several high-street retail spaces.

<a href="/developers/meriton" target="">Meriton</a>&nbsp;Shore will have 519 one, two, three and four-bedroom apartments across a 73-level tower designed by&nbsp;<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>&nbsp;with landscaping by DBI.

<img alt="First look exclusive: Meriton continue Surfers Paradise domination with another apartment tower proposed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-21%20at%201.59.56%E2%80%AFPM.png?VersionId=2q3qLBmTZYwTfFnALgW5ruqEntr74c_Q" />

The 3,460 sqm site is less than 300&nbsp;metres from the under construction Iconica, 260 metres from Ocean that was completed in 2022, and 700 metres from the recently launched Cypress Palms, set back from the beach on Cypress Avenue.

The four developments total well over 2,000 apartments.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-meriton-continue-surfers-paradise-domination-with-another-apartment-tower-proposed">First look exclusive: Meriton continue Surfers Paradise domination with another apartment tower proposed</a>

Down the coastline,&nbsp;<a href="/developers/mosaic-property-group" target="">Mosaic Property Group</a>&nbsp;finalized&nbsp;plans for their newly acquired beachfront development site in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

&nbsp;

The nine-level building, designed by <a href="/architects/bureauproberts">bureau^proberts</a>, will replace a 1980s apartment block and will feature 32 luxury apartments.&nbsp;

<img alt="First look: Mosaic finalizes plans for next Gold Coast apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-15%20at%2011.28.54%E2%80%AFAM.png?VersionId=8Jgl0lJVWSQKPXVXowSkj9kLO33paNsM" />

The new development will have a mix of seven two-bedroom and 25 three-bedroom apartments. The apartments will sit above two levels of basement parking for 67 cars. It will form part of Mosaic's Masterpiece Series of luxury new apartment developments.

Read more:&nbsp;<a href="/news/qld/first-look-mosaic-finalizes-plans-for-next-gold-coast-apartment-development">First look: Mosaic finalizes plans for next Gold Coast apartment development</a>

Another interesting development application in August came from Malaysian developer&nbsp;<a href="/developers/mrcb" target="">MRCB</a>, who is currently delivering Vista at Surfers Paradise.

They filed for a 20-level tower at 20 Queen Street, <a href="/developments/southport-qld-4215">Southport</a>, offering 180 one and two-bedroom apartments, configurations left behind in current market conditions.

<img alt="MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Southport%20Plus%20Architecture.png?VersionId=clOZ.5Uh7Z2t.GooSyklGLtDcSdZGjnQ" />

&nbsp;

<a href="/developers/mrcb" target="">MRCB</a>&nbsp;International Sales and Marketing Director, Kevin Zhang, said the&nbsp;Southport development is aimed at capitalising on the prime location.

“The north-facing apartments will have unobstructed views of Broadwater, while residents will also enjoy easy access to all the popular dining, entertainment and shopping precincts of the central Gold Coast right at their doorstep, with access to the light rail.”

Read more:&nbsp;<a href="/news/qld/mrcb-targets-untapped-affordable-gold-coast-apartment-sector-with-new-southport-tower">MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower</a>

CoreLogic’s Head of Research, Eliza Owen, noted that markets like the Gold Coast, along with Perth, Adelaide, and Brisbane, are outpacing other regions, thanks in part to a surge in demand for more affordable property options

City Beat September 2024: Gold Coast unit median tips over $800,000

Units in Brisbane are on track to grow in value by over 20 per cent over 2024.

Last month, with data commissioned by property data analytics firm CoreLogic, Urban reported&nbsp;that Brisbane's unit market hadn't been this strong since 1988.

After CoreLogic's latest monthly update, it looks set to surpass the 16 per cent gains from 1988.

The August index from CoreLogic showed no slowing down for units, with values jumping another 1.7 per cent to now be 13.9 per cent up over the calendar year.

Based on the rolling quarter gains of five per cent, Brisbane should record a 20 per cent gain in the unit market in 2024, a remarkable turn of events that has seen it leapfrog Melbourne to become the second most expensive capital city unit market in the country.

The Brisbane median unit value is now $40,000 higher than Melbourne, despite only overtaking the Victorian capital earlier this year.

The unit market outstripped growth in the house market in August (+0.9 per cent) , a trend which is being seen across every capital city. Brisbane's median house value is now $966,000, up 8.5 per cent year to date.

Brisbane’s ongoing undersupply of new apartments and the city’s appeal as a lifestyle destination are major drivers of this surge, particularly as the city gears up for the 2032 Olympics.&nbsp;

Supply constraints remain a challenge, with increased construction costs and a shortage of available construction companies slowing the pace of new developments in market.&nbsp;

<h2>What happened in Brisbane’s off the plan apartment market in August?</h2>

There were just two new <a href="/developments/brisbane-qld">Brisbane</a> apartment developments to hit Urban in August, two developments which cater for very different buyers.

The first images were unveiled for the $1.5 billion&nbsp;<a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Teneriffe Banks</a>, a suburb-shaping development on Skyring Terrace on the Brisbane River.

Teneriffe Banks&nbsp;by&nbsp;<a href="/developers/kokoda-property">Kokoda Property</a>&nbsp;will feature around 200 luxury apartments in the five-building development that will also incorporate&nbsp;Brisbane’s first Kimpton Hotel and a host of high-end amenities, including a rooftop bar with panoramic city views, an infinity pool, and extensive wellness facilities.&nbsp;

[smartcode_project:default project_id=139896 project_image_fid=295098]

The only other development is Amado Windsor, by the family-run Carbone Developments.

Amado comprises just 30 large-scale apartments across a six-level building in the inner-north suburb.&nbsp;

Targeting the owner-occupier, Amado is a mix of two and three-bedroom apartments, and two large penthouses spread across the top level with the communal rooftop that offers unrivalled panoramic views of Brisbane City.&nbsp;

&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287533]

Amado has been designed by Brisbane locals&nbsp;<a href="/architects/red-door-architecture">Red Door Architecture</a>&nbsp;who&nbsp;drew inspiration from the suburb's creeks and landscapes, as well as the surrounding vernacular houses.&nbsp;

The Granston St development represents the fifth apartment project in Windsor for Carbone.

[smartcode_project:default project_id=139074 project_image_fid=287531]

Another significant development is set to prevail once the national developer&nbsp;<a href="/developers/traders-in-purple">Traders in Purple</a>&nbsp;works out what it wants to do with the $63.5 million West End site they just bought from the now defunct Crown Group.

Crown had planned for four towers on the 1.25-hectare, 117 Victoria Street site.<img alt="$63.5 million buyer of Crown Group's West End riverfront site revealed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/West%20End%20Outline%20Shaded%2001.jpg?VersionId=S5G3EjgAuaRySCKfBaiYLXcjLf1yDX14" />

Traders Director George Geagea said the size and location of the&nbsp;West End&nbsp;site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD.&nbsp;

“This is a spectacular site, one of the largest on the Brisbane riverfront to come to market in recent years,” Geagea said.&nbsp;

“We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right site came along."

Traders will be reducing the number of apartments, down from the approved 440.

Brisbane’s ongoing undersupply of new apartments and the city’s appeal as a lifestyle destination are major drivers of this surge, particularly as the city gears up for the 2032 Olympics

City Beat September: 2024 to mark Brisbane's biggest unit boom in four decades

The property market in Melbourne continues to face downward pressure, now falling behind the likes of Adelaide and Perth for median dwelling value.

Melbourne unit values declined a modest -0.1 per cent over August, while houses dropped -0.2 per cent.

On the face of it, they aren't huge declines. The issue is the pace that other capital cities are growing at. Brisbane is closer to two per cent growth in units, and arguably doesn't have as much of a supply issue as Melbourne.

Questions are being asked as to whether <a href="/developments/melbourne-vic">Melbourne</a>&nbsp;now represents a great opportunity for buyers, because the market will turn at some point in the not too distant future, it's more a matter of when than if it will turn.

It's the first time since 2015 the Melbourne median dwelling value has slipped behind Perth, when the latter was just coming off the highs of an iron ore boom.

CoreLogic's 40-year median dwelling value series hasn't seen Adelaide with a higher median than Melbourne.

Values are skewed however slightly, given a third of Melbourne homes are units, compared to around 16 per cent homes in Perth and Adelaide.

CoreLogic Research Director, Eliza Owen, said there are a wide range of factors contributing to Melbourne's softer market conditions.

"The increased tax burden on investment property owners in Victoria, but it's not the only factor at play," Owen said.

"Supply is also a big factor for Victoria, where the state saw more dwelling completions over the past decade than any other state of territory."

<h2>What happened in Melbourne’s off the plan apartment market in August?</h2>

August was a quiet month in Melbourne's off the plan apartment market, with no new developments of note for buyers to enquire on.

Plenty of developers however are starting to line up their pipeline for the start of 2025.

One of the most exciting projects coming up is the $1.2 billion mixed-use precinct by Salvo for Melbourne's Pentridge Prison in Coburg.

The Melbourne developer is the latest to reveal plans for the southern portion of the former prison that ceased operations in 1997.

<img alt="Salvo plans $1.2 billion mixed-use redevelopment of Coburg's Pentridge Prison" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Pentridge%20Village_Ned%20Kelly%20Easement.png?VersionId=ROz.FE6zEoy3XjlQN__CZajv7YY2gC7j" />

The proposed development will include heritage preservation elements, such as Ned Kelly’s grave site and the bluestone F Division building, providing a mix of retail and public spaces while reflecting <a href="/developments/coburg-vic-3058">Coburg</a>’s character.

Pentridge Coburg is part of Salvo’s $3 billion development pipeline, which includes a $1 billion four-tower, mixed-use development at Fisherman’s Bend and Moray House, a $220 million multi-residential development in Southbank.&nbsp;

There were also noteworthy submissions in some of Melbourne's most popular inner-city suburbs.

Diversified developer&nbsp;<a href="/developers/goldfields-group">Goldfields</a> is pushing forward with plans for a 12-level mixed-use project in Richmond that will see 125 apartments developed above ground-floor retail at 9-15 Brighton Street.

With <a href="/architects/cera-stribley-architects">Cera Stribley</a> overseeing design and <a href="/landscape-architect/jack-merlo">Jack Merlo</a> handling landscaping, the project is set to bring another high-quality residential offering to <a href="/developments/richmond-vic-3121">Richmond</a>, a suburb known for its proximity to the CBD and iconic attractions like Chapel Street and the Melbourne Sports Precinct.

<img alt="Goldfields ready new $150 million mixed-use development in Richmond" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Richmond%20Site%202.jpg?VersionId=vxKyRwoFAeVSG58o3XXX7E7KTR3UEbEj" />

Well-known construction firm <a href="/builders/cobild">Cobild</a> is also planning an inner-city development. Their plans are in Fitzroy where they're proposing a 10-level building at 159-167 Johnston Street.

Dubbed <a href="/new-apartments/johnston-napier-159-167-johnston-street-fitzroy">Johnston &amp; Napier</a>, the development will deliver 57 large-scale apartments, on average spanning over 130 sqm.

With a strong focus on sustainability, this project aims to accelerate Melbourne's transition towards becoming a self-sufficient city, a trend that continues to gain momentum across the city's new developments.

<img alt="First look exclusive: Cobild plot Johnston St, Fitzroy new apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-12%20at%204.11.51%E2%80%AFPM.png?VersionId=JARizOowqxqiKuv.jfzboqLXGWABNF2v" />

There were several strong sales results in August.

Along the coast in Hampton, design-led developer&nbsp;<a href="/developers/wickton">Wickton</a>&nbsp;sold out its six-apartment project, <a href="/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>.&nbsp;

Designed to cater to downsizers, the development, with unobstructed views of the beach and a prime location near Hampton Station, has been particularly appealing to those transitioning from larger family homes.

In Melbourne's south-east, <a href="/developers/damgar-group">Damgar Property Group</a>’s <a href="/new-apartments/rosella-murrumbeena-50-rosella-street-murrumbeena-vic-3163">Rosella</a> apartment project in <a href="/developments/murrumbeena-vic-3163">Murrumbeena</a> continues to perform well, with over half of the 70 apartments already sold.&nbsp;

[smartcode_project:default project_id=142221 project_image_fid=288651]

Situated across from Hughesdale Station and Village, the Rosella development provides a rare opportunity to buy new in this tightly held suburb, where only 100 new apartments were delivered between the 2016 and 2021 census.

For a limited time, Damgar is accepting five per cent deposits on a handful of the one and two-bedroom apartments on offer in the Cera Stribley-designed building.

August was a quiet month in Melbourne's off the plan apartment market, with no new developments of note for buyers to enquire on

City Beat September 2024: Melbourne property market hovering around the bottom

Unit growth in Australia's most expensive capital continued to dominate over the house market as&nbsp;

The value of units, which incorporates apartments and townhouses, grew by 0.5 per cent over August, CoreLogic's Monthly Index found, compared to 0.3 per cent of houses.

The general trend across capital cities is the strength in the unit market, with every capital city unit market outperforming its house counterpart in August.

"The ongoing outperformance of ‘cheaper’ markets reiterates a strain on demand," CoreLogic's Head of Resarch, Tim Lawless, noted.

"The lower quartile of the combined capital city market, which makes up the most affordable 25 per cent of dwellings, rose 2.7 per cent in the three months to August, compared to a 0.3 per cent lift across the upper quartile.

"In a similar demonstration of demand being deflected towards lower price points, the quarterly change in unit values was higher than houses in five of the eight capital cities."

<a href="/developments/sydney-nsw">Sydney</a> was not one of the cities however that had stronger rolling quarterly unit growth. Unit values have risen 0.7 per cent over the last three months, compared to 0.8 per cent for houses.

Sydney's median house value remains the highest in the country at $1.4 million, while the median unit value reached $859,000.

<h2>What happened in Sydney’s off the plan apartment market in August?</h2>

There was considerable strength in the more affordable end of the off the plan apartment market in August, although sales continued to flow at the top end too.

CBRE took 40 deposits on the opening launch of <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, the joint venture between <a href="/developers/deicorp">Deicorp</a> and <a href="/developers/payce-consolidated-limited">PAYCE</a>&nbsp;and the heart of the Melrose Park urban renewal project. The following week they took over 10 more reservations.

[smartcode_project:default project_id=134220 project_image_fid=289894]

CBRE Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers.

"Our two-bedroom, two-bathroom apartments are priced under $1 million. If you go to any of the neighbouring suburbs, you can't get that kind of value," Milton suggests.

Milton says the buyer pool has been diverse, with first home buyers, local owner-occupiers, and even investors purchasing.

Melrose Central will comprise around 500 apartments above 30,000 sqm of retail and commercial space.

[smartcode_project:default project_id=134220 project_image_fid=289882]

Deicorp had similar success at their debut Rhodes apartment development, Marquet &amp; Mary.

They secured a record two-bedroom apartment sale for Rhodes, with an 87 sqm apartment on the 30-th level of the 32-level tower selling for $1.72 million.

The price was driven both by the track record that&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>&nbsp;is bringing to Rhodes, and the sweeping views the apartment will offer.

[smartcode_project:default project_id=141515 project_image_fid=287866]

Interest in the project has been high since the unveiling of its display suite at suite 803/5 Rider Boulevard, Rhodes, less than 300 metres from the site of the development at 1-9 Marquet Street.

<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>&nbsp;offers a total of 212 apartments in a building designed by popular architect&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;who were appointed after winning a design excellence competition last year.

[smartcode_project:default project_id=141515 project_image_fid=287865]

<a href="/developers/aqualand-australia">Aqualand</a> landed a record week of sales at its recently completed <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> development in&nbsp;<a href="/developments/north-sydney-nsw-2060">North Sydney</a>.

The $40 million in sales was a North Shore record.

[smartcode_project:default project_id=30959 project_image_fid=292863]

The luxury Walker Street building, less than 200 metres from the Victoria Cross Metro Station, was officially completed in late June, with buyers steadily moving into the Woods Bagot-designed building.

Aqualand expects to break the record again in the coming weeks as sales momentum continues to ramp up. They saw over $100 million in sales in February 2024, the most in a single month since the North Sydney tower was launched in December 2021.

[smartcode_project:default project_id=30959 project_image_fid=292863]

<a href="/developers/twt-property-group" target="">TWT Property Group</a>&nbsp;brought some new supply to the market in August, releasing the first stage of apartments in its 1.3-hectare Crows Nest masterplan, <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>.

The first stage will introduce 93 one, two, three and four-bedroom apartments on the cusp of Crows Nest Village, a short walk from Crows Nest Metro which will no doubt draw buyers who want easy access to the city.

[smartcode_project:default project_id=94318 project_image_fid=293323]

The first stage of the master plan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the suburb-shaping development.

TWT&nbsp;has already appointed Westbourne Constructions to build the first stage of&nbsp;<a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>. Construction is scheduled to commence in the third quarter of 2024.

[smartcode_project:default project_id=94318 project_image_fid=293324]

There was new supply in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>, where there hadn't been a new development launched in the indemand suburb for around 18 months.

<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>, named after its location on the fringe of the rejuvenated Castle Towers shopping centre, comprises 110 apartments and townhouses across four, filve-level low-rise buildings, a building type not commonly found in new projects in the area.

The buildings have been designed by PTW to wrap around a central courtyard with extensive landscaping.

There will be one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses.

Boston Buckler Principal, Alex Walker, said the residences are&nbsp;"tailor-made for owner-occupiers," with designs catering to first home buyers, downsizers, and young families.

[smartcode_project:default project_id=135330 project_image_fid=289164]

Elsewhere across Sydney, builder developer <a href="/builders/aland">ALAND</a> officially opened its new Parramatta building, Paramount on Parkes, while also topping out Archibald by ALAND in Gosford.

<a href="/buildings/paramount-on-parkes-harris-park-14-20-parkes-street-harris-park">Paramount on Parkes</a> comprises 331 apartments in a 46-level tower, alongside 3,000 sqm of commercial space.&nbsp;

The development was praised for its contribution to meeting Parramatta’s growing housing demands, with local officials highlighting its importance to the city’s future growth.

[smartcode_project:default project_id=9187 project_image_fid=278982]

ALAND, founded by Andrew Hrsto over two decades ago, topped out the tallest of the two towers at <a href="/new-apartments/archibald-by-aland-gosford-108-donnison-street-gosford-nsw-2250">Archibald by ALAND</a>, their first foray into the Gosford market.

The mixed-use development, with both apartments, a hotel and extensive retail, is another suburb redefining development for ALAND.

It will bring the first VOCO Hotel to Gosford, as well as&nbsp;327 apartments and six hospitality venues, including the Central Coast’s highest rooftop bar.

Over 95 per cent of the apartments in the development have already sold, marking the project one of the most successful across Greater Sydney for several years.

[smartcode_project:default project_id=134670 project_image_fid=215487]

Looking ahead, Fortis filed plans for another boutique development in Rose Bay.

Earlier this year&nbsp;<a href="/developers/fortis">Fortis</a>, the development arm of financier and investment manager Pallas Group, snapped up a prime&nbsp;<a href="/new-apartments/10-12-ian-street-rose-bay">double site on Ian Street</a>, just two rows back from&nbsp;<a href="/developments/rose-bay-nsw-2029">Rose Bay</a>&nbsp;Beach.

They're planning a $16.5 million development, continuing their push into in supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>.

The submission comes as Fortis prepares to take the wraps of Atlas, its current Rose Bay development.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="1abf78da-c78e-4f84-8ca5-b2eb6c28f471" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-10%20at%201.58.24%E2%80%AFPM.png?VersionId=HYQh9MQhHlvbpXFVu0ehpxMo_bqHEFTP" />

August saw the partnership revealed between prominent Wollongong developer <a href="/developers/level-33">Level 33</a> announced and community affordable housing provider,&nbsp;City West Housing,&nbsp;to bring a much-needed influx of apartments to the growing coastal city.

They've proposed just over 900 apartments in a State Significant Development, of which around 220 will be affordable.

The leaves nearly 700 apartments that will hit the traditional off the plan apartment market in the coming years, pending NSW Government approval.

The 30,130 sqm site&nbsp;at the&nbsp;<a href="/new-apartments/60-74-flinders-street-wollongong">intersection of Gipps and Flinders Streets</a>&nbsp;is currently occupied by an old Bunnings Warehouse which ceased trading at the start of 2023, as well as extensive car parking space and a small brick building.

<img alt="Level 33" data-entity-type="file" data-entity-uuid="c2454937-2542-4248-bd88-81c8defe4f80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-10%20at%201.59.33%E2%80%AFPM.png?VersionId=7OlRmtXUINGi7ZELXqAdmY14_SoBjV1n" />

The apartments, will be spread across five mixed-use buildings, ranging in height from seven to 13 levels.

The ground floor of the buildings will be&nbsp;dedicated to business and retail spaces, takeaway food premises, specialised retail, and a gallery. The proposal also includes two levels of basement parking, with vehicle access from&nbsp;<a href="/new-townhouses/throsby-act-2914">Throsby</a>&nbsp;Drive and&nbsp;Gipps Street.

The project will be constructed in stages, beginning with Buildings 4 and 5, the latter of which will house the affordable apartments.&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-level-33-to-team-up-with-city-west-housing-for-over-900-new-wollongong-apartments">First look exclusive: Level 33 to team up with City West Housing for over 900 new Wollongong apartments</a>

There was considerable strength in the more affordable end of the off the plan apartment market in August, although sales continued to flow at the top end too.

City Beat September 2024: Sydney unit growth continues to outpace houses

Brisbane's supercharged property market is continuing its bull run in 2024.

If it wasn't for Perth, Brisbane would be the best performing capital city unit market in the country.&nbsp;

CoreLogic's Monthly Hedonic Index showed the value of Brisbane units, which incorporates both apartments and townhouses, rose 1.9 per cent in July.&nbsp;

So far in 2024, units in Brisbane are now 12.8 per cent higher than they started the year, taking the median value from $561,000 to $638,000, surpassing Melbourne and Canberra to become the second most expensive capital city unit market in the country.

CoreLogic Research Director, Tim Lawless, said available supply is a key factor explaining the diverse outcomes in housing growth trends.

“The number of homes for sale in Brisbane, Adelaide and Perth is more than 30 per cent below average for this time of the year, while weaker markets like Melbourne and Hobart are recording advertised supply well above average levels,” Lawless said.

<h2>What happened in Brisbane’s off the plan apartment market in July</h2>

<a href="/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;Australia secured a $5.25 million sale of a penthouse atop Altura, one of its buildings in its $1 billion&nbsp;<a href="/developments/west-end-qld-4101">West End</a> masterplan, West Village.

They've seen a 'reverse sea changer' trend at&nbsp;<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">West Village</a>, which is approaching its final tower release. The buyers,&nbsp;business owners Leo Nipperess and partner Brett Park, are coming from a large home on Sovereign Island.

Nipperess and Park were drawn to the expansive 368 sqm layout complete with multiple living and entertaining zones, five bedrooms, four bathrooms and multiple balconies, only 800m from the Brisbane CBD.

[smartcode_project:default project_id=114215 project_image_fid=257538]

West End is also set for some more future supply with builder-developer Zen Group planning two&nbsp;"climate-responsive and contextually driven" apartment towers at <a href="/new-apartments/24-duncan-street-west-end">24 Duncan Street</a>, near Montague Markets.

The towers will home just over 200 apartments.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Duncan%20Street.png?VersionId=.A9VkekWac99LJ7L8mqewo7AAsg4Vwb_" />

The vision aligns with Brisbane's goal to become a New World City by 2031, promoting a globally recognisable subtropical urban lifestyle.

Duncan Street will comprise two 17-level buildings housing 202 apartments, from one-bedroom plus study apartments through to three-bedroom units.

Read more:&nbsp;<a href="/news/qld/west-end-set-for-climate-responsive-apartments">West End set for climate-responsive apartments</a>

The riverside has been where it's at in July. Across the Brisbane River in St Lucia, developer <a href="/developers/dusk-group">Dusk Group</a>&nbsp;has found a gap in the market with its latest project,&nbsp;<a href="/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>.

Aurora on Depper presents an attractive opportunity, considering the scarcity of townhouses in the suburb and the competitive starting price of $1.55 million.

The townhouses,&nbsp;currently under construction by Akam Constructions, feature three bedrooms, a two-car garage, kitchens with zero silica benchtops and butler's pantries, and hybrid timber flooring throughout the living areas.

The townhouses are expected to complete by mid-2025.

Read more:&nbsp;<a href="/news/qld/aurora-on-depper-townhouses-to-target-st-lucias-missing-middle">Aurora on Depper townhouses to target St Lucia's "missing middle"</a>

[smartcode_project:default project_id=139032 project_image_fid=232287]

The <a href="/developments/bulimba-qld-4171">Bulimba</a> riverfront is also set for a new collection of apartments. Architect-turned-developer&nbsp;<a href="/architects/joe-adsett-architects" target="">Joe Adsett</a>&nbsp;is teaming up with developer Zephyr Group QLD for Palais Bulimba at&nbsp;<a href="/new-apartments/palais-bulimba-25-27-byron-street-bulimba">25-27 Byron Street</a>.

Adsett has designed the two buildings that will home just 13 luxury apartments, focused on taking advantage of the 30 metres of absolute river frontage, connecting residents to nature and views with river-facing balconies.&nbsp;

&nbsp;

<img alt="First look exclusive: Joe Adsett partners with Zephyr Group for luxury Bulimba apartment development, Palais Bulimba" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-26%20at%2012.03.10%E2%80%AFPM.png?VersionId=fqJQZmCijuLhkR7A1hYV8JBIaOmOrqZe" />

Adsett is expecting Palais Bulimba to attract significant interest from both local and interstate buyers. Construction is slated to commence later this year, with completion expected in mid-2026.

Read more:&nbsp;First look exclusive: <a href="/news/qld/first-look-exclusive-joe-adsett-partners-with-zephyr-group-for-luxury-bulimba-apartment-development-palais-bulimba">Joe Adsett partners with Zephyr Group for luxury Bulimba apartment development, Palais Bulimba</a>

The only true tower development to launch in 2023,&nbsp;Ruby Ruby&nbsp;in the riverside suburb of <a href="/developments/milton-qld-4064">Milton</a>, got a little bigger in July.

National developer&nbsp;<a href="/developers/kokoda-property" target="">Kokoda Property</a>&nbsp;was given the green light to add another four levels to the Crombie Street tower. The enhanced scheme will see a further 34 apartments added

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>&nbsp;now comprises 178 apartments across a 26-level building designed by&nbsp;<a href="/architects/cottee-parker-architects">Cottee Parker</a>.

Read more:&nbsp;<a href="/news/qld/kokoda-adds-more-apartments-to-ruby-ruby-in-milton">Kokoda adds more apartments to Ruby Ruby in Milton</a>

Read more:&nbsp;<a href="/news/qld/city-beat-july-2024-brisbane-units-on-course-for-20-per-cent-gains-in-2024">City Beat July 2024: Brisbane units on course for 20 per cent gains in 2024</a>

Read more:&nbsp;<a href="/news/qld/city-beat-june-2024-brisbane-overtakes-canberra-as-australias-second-most-expensive-capital">City Beat June 2024: Brisbane overtakes Canberra as Australia's second most expensive capital</a>

[smartcode_project_cta:default project_id=139032]

CoreLogic Research Director, Tim Lawless, said available supply is a key factor explaining the diverse outcomes in housing growth trends

City Beat August 2024: Brisbane property boom continues

The unit market in Sydney, both established and new, is ramping up.

CoreLogic's Monthly Hedonic Index shows another 0.4 per cent gain in the value of units across July, compared to 0.2 per cent in the house market. It's the fourth consecutive month units have outperformed houses according to CoreLogic's Index.

While only modest growth compared to the likes of Brisbane (+1.9 per cent) and Perth (+2.1 per cent), Sydney's unit market continues to show resilience despite being the most expensive capital city in an environment of heightened interest rates.

The Sydney unit median is now $852,000, more than $200,000 more than the next capital (Brisbane, $638,000).

Sydney's new and off the plan apartment market hasn't taken a break in winter either.

There's been record-breaking sales, new apartment developments launched to market, and several suburb-shaping development applications submitted to various councils across Greater Sydney in July.

&nbsp;

<h2>What happened in Sydney’s off the plan apartment market in July</h2>

Winter did not hinder apartment sales in Sydney’s <a href="/developments/norwest-nsw-2153">Norwest</a>.

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a> secured over $85 million in sales within a few hours of the new apartment release at its $1 billion masterplan The Orchards

<a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a> features 156 apartments distributed across two buildings, each standing nine and 14 levels tall.

[smartcode_project:default project_id=145924 project_image_fid=287359]

More than 80 sales came on the day, the majority being for the two-bedroom units.

Sales Manager David Lee said buyers came in large numbers to secure a carefully curated apartment in Veue Parkside, which he called "an architectural masterpiece."

[smartcode_project:default project_id=135129 project_image_fid=258271]

July saw the record sale of an apartment in the Eurobodalla Shire.

The penthouse atop&nbsp;<a href="/new-apartments/kailani-batemans-bay-50-52-beach-road-batemans-bay">Kailani</a>, the only new apartment development in&nbsp;<a href="/developments/batemans-bay-nsw-2536">Batemans Bay</a>, sold for $2.75 million, a record for the whole region. The four-bedroom penthouse crowns the low-rise Beach Road building that is currently under construction by builder-developer <a href="/developers/kela-building-group">KELA Building Group</a>.

<a href="/project-marketer/mcgrath-projects">McGrath Projects</a> agent Adam Sparkes said the buyer was also a local and is intending on reconfiguring the large floorplan.

[smartcode_project:default project_id=136442 project_image_fid=277072]

Princeton Financial Services launched its Rockdale development to the market in July.

<a href="/new-apartments/marque-rockdale-602-608-princes-highway-rockdale">Marque Rockdale</a>&nbsp;comprises 58 one, two, and three-bedroom designer apartments that are ideally located to take advantage of living on the coastal peninsula.

Marque will also be the first development in the area with <a href="/news/resilience-latent-defects-insurance">Resilience Latent Defects Insurance</a>, the first defect insurance in Australia that <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">covers the cost of structural defects</a> for 10 years post-completion of the building.

[smartcode_project:default project_id=31751 project_image_fid=161005]

July also saw the topping out of the second stage of&nbsp;<a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>&nbsp;in&nbsp;<a href="/developments/merrylands-nsw-2160">Merrylands</a>, the $700 million masterplanned precinct by&nbsp;<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main">Coronation Property</a>.

The celebration was marked with an event attended by Coronation Property's owner Joe Nahas, contract partners, suppliers, and executive staff.

Mason &amp; Main Stage Two consists of 415 build-to-sell apartments across two buildings, offering studio, one, two, and three-bedroom configurations.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=257777]

There was plenty activity in the development application space across Greater Sydney in July, namely from&nbsp;<a href="/developers/deicorp">Deicorp</a>.

They first filed plans for <a href="/new-apartments/130-joynton-avenue-zetland">Joynton Square</a>, another community-style development in <a href="/new-apartments/zetland-nsw-2017">Zetland</a>. The mixed-use precinct at 130 Joynton Avenue, pegged at just over $300 million, will see 574 apartments delivered across nine buildings designed by&nbsp;<a href="/architects/fk-australia" target="">Fender Katsalidis</a>&nbsp;and&nbsp;<a href="/architects/candalepas-associates">Candalepas</a>&nbsp;Associates.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland precinct</a>

<img alt="First look exclusive: Deicorp submit plans for Joynton Square, mixed-use Zetland precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-13%20at%2010.47.05%E2%80%AFAM.png?VersionId=VRb2qLsnaakvT8Lyll54bVMQECaltz7N" /> 
One of the buildings in the Zetland precinct

Deicorp then went again later in July, filing for just under 1,200 apartments in&nbsp;<a href="/developments/five-dock-nsw-2046">Five Dock</a>.

The apartments will be spread across six towers which will sit above a six to eight-level podium&nbsp;that will comprise commercial and retail spaces, including a full-line supermarket and an indoor recreation facility.

A competitive design process has already been held for the project. It invited four architectural firms to prepare a mixed-use development proposal, which was considered by a Jury of five members who unanimously decided that the <a href="/architects/turner-studio">Turner</a> scheme had the best potential to achieve design excellence.

Read more:&nbsp;<a href="/news/nsw/deicorp-lodge-state-significant-development-application-for-1-200-apartments-in-five-dock">Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock</a>

<img alt="Deicorp lodge State Significant Development application for 1,200 apartments in Five Dock" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-31%20at%206.35.47%E2%80%AFPM.png?VersionId=bRW97op0_lKBvUJWbcNrdYS99n6PRaOT" />

There was a significant move just north of the bridge where joint venture partners&nbsp;<a href="/developers/cbus-property" target="">Cbus Property</a>&nbsp;and&nbsp;<a href="/developers/galileo-group" target="">Galileo Group</a>&nbsp;scaled up their plans for their prime 3,950 sqm Walker St site in North Sydney.

They've gone back to the drawing board and brought in Rothelowman to rejig the plans, add more levels, and reconfigure the apartment mix. They are now proposing 258 apartments.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-cbus-and-galileo-revise-plans-for-new-north-sydney-apartment-development-east-walker-street">First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development</a>

<img alt="First look exclusive: Cbus and Galileo revise plans for new North Sydney apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-11%20at%204.47.10%E2%80%AFAM.png?VersionId=5Yoe1XDt4w_3flgagSB5ejSCn80ZksY_" />

Sydney’s affluent Eastern Suburbs is also set for an injection of supply.

Ali Mohammed's&nbsp;<a href="/developers/positive-investment-enterprise" target="">Positive Investment Enterprise</a> has filed plans for its rare three-lot amalgamation at 80-84 Drumalbyn Road, <a href="/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>.

They're planning 26 two, three and four-bedroom apartments across a six-level building.

<img alt="First look: Positive Investment Enterprise reveal Bellevue Hill apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-24%20at%2010.34.11%E2%80%AFAM.png?VersionId=iH6Wu_u1d_jyg.dB.egjYFUVAlEchehl" />

The building, which will cost nearly $34 million to construct, has been designed by MHNDUnion who says the apartment mix is consistent with market demand and would suit the demographic mix of couples, small families, retirees and downsizers living within the surrounding area.

Read more:&nbsp;<a href="/news/nsw/first-look-positive-investment-enterprise-reveal-bellevue-hill-apartment-plans">First look: Positive Investment Enterprise reveal Bellevue Hill apartment plans</a>

Nearby in Woollahra, burgeoning developer <a href="/developers/toohey-miller">Toohey Miller</a> is continuing its expansion into Sydney's most expensive property markets, with plans for a new $29 million development designed by&nbsp;<a href="/architects/smart-design-studio">Smart Design Studio</a> at 3 Fullerton Street, just behind Matt Moran's The Chiswick and a short walk from Woollahra's amenity on Ocean and Queen Streets.<img alt="First look: Toohey Miller reveal new Woollahra apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-07-24%20at%202.02.13%E2%80%AFPM.png?VersionId=bX1YmDkVQUztIuMYYAQGOz9bPc52fcR7" />

The new development will be part five, part six level and home 15 apartments, the majority three-bedders.

Since announcing themselves on the development scene in 2022,&nbsp;<a href="/developers/toohey-miller">Toohey Miller</a>&nbsp;has been busy acquiring sites across some of Sydney's best suburbs.

They've&nbsp; the majority of apartments in their luxury&nbsp;<a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>&nbsp;apartment development,&nbsp;<a href="/new-apartments/no-1-onslow-place-elizabeth-bay-1-onslow-place-elizabeth-bay">No.1 Onslow Place</a>. They're a joint venture partner on&nbsp;<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse Potts Point</a>&nbsp;nearby, while they're putting the finishing touches to their approved Darlinghurst apartment development,&nbsp;<a href="/new-apartments/henri-house-349-liverpool-street-darlinghurst">Henri House</a>.

Read more:&nbsp;<a href="/news/nsw/first-look-toohey-miller-reveal-new-woollahra-apartment-plans">First look: Toohey Miller reveal new Woollahra apartment plans</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-july-2024-sydney-units-continue-to-outperform-houses">City Beat July 2024: Sydney units continue to outperform houses</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2024-sydney-off-the-plan-apartment-development-plans-pile-up-as-unit-growth-continues">City Beat June 2024: Sydney off the plan apartment development plans pile up as unit growth continues</a> 
&nbsp;

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