Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

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According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

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The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

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For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

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Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

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With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

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Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

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Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

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Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

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Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

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The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Abbotsford

Salta Properties has announced the topping out and completion of the main structural works at its riverfront development, Walmer, at 649 Victoria Street, Abbotsford.

Prominent builders, Hamilton Marino have been tasked with constructing the Yarra River bend development, which will deliver an unrivalled living experience, according to Salta Managaing Director, Sam Tarascio.

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&ldquo;This milestone marks another achievement for Walmer, which has seen strong interest largely from owner occupier purchasers throughout construction, bringing the development to 65 per cent sold,&rdquo; he said.

Tarascio attributes the popularity of the development to its luxurious offerings, which are the work of revered architects, Bates Smart, along with the site&rsquo;s prime river frontage.

&ldquo;Walmer is a reminder of what true sophistication is, weaving hotel-like splendour into the development&rsquo;s natural urban river sanctuary, creating contemporary and luxurious comforts that are sympathetic to its natural surrounds,&rdquo; Tarascio added.

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The project recently received a Commendation for Design Excellence at The Urban Development Institute of Australia&#39;s (UDIA) Awards, due in part to Walmer&rsquo;s focus in delivering flexible spaces that can pivot and flex to suite a wide buyer type.

Salta has also refined the project, amalgamating apartments from the initial 75 that were proposed, to now 61.

Standing as a threshold between the vibrancy of Victoria Street and the tranquillity of the Yarra River corridor, Walmer&rsquo;s resort-style, nature-influenced experience offers an impressive list of premium amenities, including a porte-cochere entrance, a climate-controlled room for wine-tasting and storage, a complete health and wellness suite including a 25-metre swimming pool overlooking the river, a fully equipped gymnasium, steam room, sauna, treatment room, as well as business and resident dining facilities.

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Communal areas will also be fitted out with some of the country&rsquo;s best designer&rsquo;s pieces, including Melbourne-based lighting designer, Christopher Boots luxury furniture from Jarden and Kett Furniture, as well as unique photography from Brooke Holmes&rsquo; featuring her famous dramatic Australian landscapes.

Taking Walmer to another level is the integrated building management platform, WE Wumbo, which will provide peace of mind services and communication, adding another layer of luxury to the already impressive project.

Residents of Walmer are expected to take up residence in early 2023, with a limited number of riverfront apartments remaining, ranging from $600,000 to $5,250,000.

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Prominent builders, Hamilton Marino have been tasked with constructing the Yarra River bend development, which will deliver an unrivalled living experience, according to Salta Managaing Director, Sam Tarascio.



alisonwarters@gmail.com

Salta Properties top out Yarra River apartment development, Walmer

Residents of Riverbank in Melbourne&#39;s Abbotsford have one of the most enviable addresses.

On the banks of the Yarra River, the Salta Properties development on Victoria Street&nbsp;has been designed by SJB Architects, in collaboration with Carr Design, to&nbsp;blend&nbsp;luxury riverfront living with inner-city residency.

Capturing the curves of the Yarra below, Riverbank is part of The Park House, which are&nbsp;two complementing buildings.

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Perfectly positioned on the winding banks, Riverbank residents get&nbsp;direct access to the Capital City Bike Trail which runs alongside the Yarra River for almost 20 kilometres providing walking, running and cycling paths that connect Richmond and Abbotsford to the CBD and through Yarra Bend Park to Kew and Collingwood.

Located not far from the well-known&nbsp;Skipping Girl commercial building and across from Victoria Gardens Shopping Centre, Riverbank is positioned to enjoy the best Abbotsford has to offer.

The popular shopping strip on Glenferrie Road in Kew is a five-minute drive, while Xavier College is just seven-minutes by tram. The tram stop, on the doorstep of Riverbank, offers a convenient commute, while&nbsp;North Richmond station just a short walk away.

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Swan Street wine bar and The Ugly Duckling is five-minutes away from the building, while dining is on the door of The Park House, with Victoria Street and Bridge Road restaurants all within walking distance.

Slightly further afield is&nbsp;the Southgate precinct and Crown Casino, just 10-minutes by car. &nbsp;

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Riverbank residents also get extensive amenity in the development.

The sustainable 6+ energy rated building&nbsp;features a number of resident-only amenities, including a swimming pool and gym, cinema, a lounge&nbsp;space, kid&#39;s playroom, bike workshop and even a vaunted golf simulation room.

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Capturing the curves of the Yarra River below, The Park House’s avant-garde design includes two apartment buildings, Riverbank and Riverbend, that individually complement and integrate with their surroundings.

On the banks of the Yarra River: What's around Riverbank, Abbotsford apartments

The importance of interior designers creating the spaces and details within apartments has never been more important to residential developers.

Salta Properties,&nbsp;one of Australia&#39;s largest privately owned companies, called in the very best for their residential development The Park House in Melbourne&#39;s Abbotsford.

Carr, led by the design guru Sue Carr, handled the interiors at The Park House, the Victoria Street development made up of&nbsp;two buildings, Riverbank and Riverbend. They are named after their location, a stones throw from the Yarra River and bordering the popular Main Yarra Trail.

Urban recently spoke with the interior design guru Sue Carr, discussing all of the design elements of Riverbank.

JR: What was the brief from Salta for the interiors of the apartments?

SC: With every new project, we always begin by asking &ndash; what is the demographic of the purchaser? What is the lifestyle shift? Where is the location?

At Carr, we passionately believe that good architecture and design can enrich lives and make a difference to those that use and engage with it.

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Every project is unique, so we take into consideration the client, brief, place, cost plan and timing. All these factors combine to produce a response that has at its core, a powerful concept and a logical outcome. We call this the &lsquo;Big Idea&rsquo;, which remains with the project from end-to-end and guides the outcome.

With The Park House development, we looked at the location and the natural environment for inspiration. This was the &lsquo;Big Idea&rsquo;.

Surrounded by some of Melbourne&rsquo;s most animated and exciting precincts, the development sits on the banks of the Yarra Bend parklands, in a green belt framed by massive plane and gum trees.

One of the great aspects of this site is its proximity to the river and the bike paths that run along it. There is a spine that allows you to ride, run, row, or walk without seeing a major road. We love this idea of coming home after a long day at work and feeling like you have stepped away from the city and into the country. You can access stillness and natural beauty without having to abandon the excitement of a cosmopolitan urban lifestyle.

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In response, we wanted each home to be a private sanctuary. We wanted to create a warm and welcoming environment with textures and earthy tones.

For the design, we opted for a unified palette, where we used few materials as possible. This direction links all the individual spaces, creating a coherent overall offering achieved via subtle repetition of form, materiality, and texture.

The brief was not just to design beautiful apartments, but also address the vast amenities. The aim was to allow neighbouring residents to interact with one another, getting the most from the building in terms of comfort, entertainment and occupant wellbeing.

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JR: How early in the design phase do you and the architects collaborate? And why is earlier the better?

SC: The building fa&ccedil;ade reflects the ripples of the Yarra River. Although we did not literally carry this theme into the interiors like the architects, we responded to the site&rsquo;s natural surroundings with our own interpretation. Our materials, colours and textures respond to the immediate site context and its makeup.

JR: What really stands out for you about the design? What is your favourite feature?

SC: There is an understanding in our practice of the significance of detail in design. There are considered subtleties in The Park House that will unfold and come to be appreciated over time.

We really wanted the interiors &ndash; both public and private &ndash; to encourage people to slow down, to consider the spaces, and enjoy the transition from the street, bike path or car park, into their home. We wanted them to enjoy the process of switching off at the end of the day and engaging with their surroundings.

To achieve this, we created integrated lighting throughout each of the apartments and through the public walkways. It is subtle and soft.

In each apartment, we also designed a custom light that floats above the kitchen island bench. This provides a sculptural element to the interior while also projecting a soft, interesting light. The routed timber veneer in the joinery, adds another level of texture.

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Exaggerated proportions in the kitchen splashback highlight the scale of porcelain and create a grand sense of scale. Metal detailing to joinery in the kitchen and bathroom adds a refined aesthetic. Recessed LED lighting showcases the feature porcelain in the bathroom and kitchen

Our intention was to create a space that had a true sense of home but also a memorable atmosphere. We want the residents to feel the connection with the landscape beyond, with the building and their apartment becoming a welcoming sanctuary for them to take in all this development has to offer.

JR: What part did you play in the design of the amenity? And what design principles were important in the shared spaces?

SC: The Park House has vast amenity. It offers spaces both inside and out for all purposes &ndash; relaxation, work, entertainment, solitude &ndash; and for all demographics. There is a children&rsquo;s area, a private lounge, a bar, a home theatre, a golf simulator, a pool, a spa &ndash; the list goes on and on.

While working with Salta, we were strongly informed by ideas about public and private space, and how these new emerging types of urban spaces are full of design possibilities.

For us, it was important that all these spaces seamlessly flow into one another. Many of the transitional spaces are dark and atmospheric, which ensures that as residents move into the light and open spaces, the sense of awe is enhanced by contrast.

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Animating the larger functional spaces is natural light, invited into the building as the sun moves across from the east to the west. These ever-changing light effects and connection to landscape combine to form remarkable spaces that lie somewhere between art, sculpture, and architecture. Larger format glazing frames the view beyond, maximising outlook.&nbsp;

Part of the beauty of this development is the way it negotiates opposites. There is an intentional contrast between light and dark material palette. Certain areas open to the surrounding landscape, with internal lounges spilling out onto alfresco terracing, leading down to the river. This encapsulates a luxurious sense of home, inviting the residents to settle into these more private but public amenity spaces. The amenities are the key to a truly unique lifestyle on the banks of the Yarra River.

On the flipside, darker spaces, such as the library and meeting rooms, employ a darker, masculine palette. These interiors are richly layered and create a warmth.

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"Our intention was to create a space that had a true sense of home but also a memorable atmosphere," Carr said.

Inside the Carr Design interiors of Riverbank apartments in Abbotsford: Urban chats with Sue Carr

SJB are one of Australia&#39;s most sought-after architecture firms for anything from mutli-residential apartment developments to commercial towers and luxury home builds.

They&#39;ve got two studios, in Sydney as well as Melbourne, and have been the brains behind the likes of Crown&#39;s luxury Waterfall apartments in Sydney and Kings Domain in Southbank.

One of their most recent designed was the&nbsp;Abbotsford apartment development The Park House, developed by the renowned Salta Properties, with a major influence in the design being the building&#39;s proximity to the Yarra River.

Urban spoke to SJB&#39;s Michael Bialek, who headed up the design team for The Park House, to discuss how it was created.

What was the brief from Salta for The Park House, and then more specifically Riverbank? How did it need to differ from Riverbend?

Salta&rsquo;s brief for the The Park House project was to deliver a quality residential development as the final piece for the wider Yarra Gardens precinct.

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The project should provide significant improvements to the public realm through the provision of new visual and physical links from Victoria Street through to the Yarra River. Compromising over 500 apartments, the new buildings should respond positively to the landscaped character of the adjoining completed Green Square project and allow construction in stages towards the new proposed Walmer Plaza.

Riverbank addresses the &lsquo;urban edges&rsquo; of Victoria Street and Walmer Plaza, while Riverbend is less prominent &ndash; connected to the adjoining Green Square project and overlooking the bend in the Yarra River.

What were the most important features of the site/location which influenced your design?

The most important features of the site are the frontage to busy Victoria Street and the opportunity presented by the north-facing frontage to the Yarra River. These differing conditions resulted in building forms that have been shaped to respond to their location on the site and precinct planning that ensures a high quality public realm with enhanced amenity and connection to the Yarra River.

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Were there any other buildings&nbsp;you&#39;ve designed previously&nbsp;(or just seen) that influenced the design?

SJB was previously involved in the delivery of three residential projects fronting both Burnley Street and Victoria Street in the precinct. Each project has a distinctive aesthetic based on its orientation, typology and scale &ndash; townhouses fronting laneways, apartments along street frontages and common amenities surrounding landscaped courtyards.

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The buildings which are in close proximity to the retail complex Victoria Gardens, create a varied yet unified residential community which enjoys access to shopping facilities, public transport and riverfront recreation.

What were the biggest challenges of the design?

The challenges faced in the early design phase related mainly to the sensitive location of the site along the Yarra River.

Taller built forms were shaped so that the actual and apparent width of buildings were minimised when viewed from the river. These sculpted forms have been aligned generally to be perpendicular to the river corridor. Building separation, height and setback controls also influenced site planning and built form outcomes.

A two-tier river edge movement system was also incorporated into the master plan in order to maintain and enhance the &lsquo;natural&rsquo; river character at the lower level. A continuous bicycle connection is provided at this lower level while a more active &lsquo;urban&rsquo; character is created at the upper level with new pedestrian connections from the river to Shamrock, Walmer and Davison Streets.

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What interested you about the project?

The most interesting aspect of the project was the opportunity and challenge to provide significant improvements to the public realm and amenity for new occupants and the surrounding neighbourhood.

Unlocking this parcel of land formally occupied by the Melbourne Fire Brigade was a significant achievement by the project team, delivered through the provision of new public spaces and connections to the Yarra River.

What part of the design were you most proud/most interested in seeing when it&nbsp;was completed?

SJB is able to look back with pride at its role in the delivery of a series of residential projects in the precinct, which were successfully adopted by the marketplace over several years. The area has been transformed into a &lsquo;new neighbourhood&rsquo; with an improved public realm and new connections to the Yarra River.

In The Park House project, residential amenity is of high quality. Planning of apartments provide significant northerly outlook over the natural landscape of the river setting while common facilities are well located and generous. The aspirational planning principles for the site have been delivered while the residential character and amenity of the buildings are both innovative and responsive to this unique setting.

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How closely do you work with Carr Design when creating the apartments? 

SJB &amp; Carr Design worked collaboratively during the design phases of the project, with extensive briefing sessions determining the aspirations for both teams. The interior design of apartments and common areas was to respond to the architectural character of each building. Particular attention was paid to the extensive recreational facilities including swimming pools, lounges, playrooms and entry lobbies.

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Urban spoke to SJB's Michael Bialek, who headed up the design team for The Park House, to discuss how it was created.



How we designed Riverbank apartments in Abbotsford: Urban chats with SJB's Michael Bialek 

Last month the Victorian government ended their stamp duty concessions for off the plan and brand new apartments statewide.&nbsp;

They continue to offer savings for new apartments up to $1 million only in the Melbourne CBD, but those outside of the CBD will revert back to paying full stamp duty.

Discerning developers who are either constructing or have completed apartments outside of the City of Melbourne LGA have continued to offer the stamp duty concessions in an attempt to lure buyers.

The property developer Salta Properties is offering to stump up 50 per cent of stamp duty for buyers in their Abbotsford apartment development, Riverbank.

Buyers can save between $11,000 and $20,000 on stamp duty in the recently completed Victoria Street project on the banks of the Yarra River, less than four kilometres outside of the city. The concessions are on offer until 30th September 2021.

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One-bedroom apartments start from $505,000 and two-bedroom apartments from $740,000.

The nine-level building has been designed by SJB Architects and is finished with interiors by Sue Carr at Carr Design Group. It is one of two buildings at The Park House, each with their own amenities, with the adjoining Riverbend apartments part of the development.

&ldquo;Our intention was to create a space that had a true sense of home but also a memorable atmosphere,&rdquo; Sue Carr said.

&ldquo;We want the purchasers to feel a connection with the landscape.&rdquo;

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Each apartment has Gaggeneau appliances in the kitchen, engineered oak floors and marble-effect stone.&nbsp;

The sustainable 6+ energy rated development includes a number of resident only amenities, including a swimming pool, sauna and gym, cinema, a lounge and library space, meeting room, kids play hut, bike workshop and even a golf simulation room.

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Riverbank – The Park House is the latest completed development out of Salta Properties, one of few offering buyers stamp duty savings beyond the governments own which expired June 30.

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Buyers offered 50% stamp duty savings at Salta Properties Riverbank apartments in Abbotsford

Apartment buyers at Riverbank, the recently completed Abbotsford development on the banks of the Yarra River, will pay $0 stamp duty if they secure an apartment&nbsp;before June 30*.

The Melbourne development firm Salta Properties,&nbsp;one of Australia&#39;s largest privately owned companies, is matching the VIC government&#39;s 50 per cent stamp duty savings, which end at the end of June.

Riverbank&#39;s one- and two-bedroom apartments fall in to the criteria for stamp duty savings, only applied to apartments&nbsp;under $1 million.

The one-bedroom apartments at Riverbank&nbsp;start from $505,000, and two-bedrooms from $740,000.

[smartcode_project:default project_id=4136 project_image_fid=89831]

The nine-level building has been designed&nbsp;by&nbsp;SJB&nbsp;Architects and is finished with interiors by&nbsp;Sue Carr&nbsp;at&nbsp;Carr Design Group.

&ldquo;Our intention was to create a space that had a true sense of home but also a memorable atmosphere,&quot; Carr says.

&quot;We want the purchasers to feel the connection with the landscape beyond, with the building and their apartment becoming a welcoming sanctuary for them to take in all this development has to offer.&rdquo;

Each apartment has a sustainable 6+ energy rating and features Gaggeneau appliances in the kitchen, engineered oak floors and marble-effect stone.&nbsp;

Riverbank&nbsp;is one of two buildings at The Park House.&nbsp;

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Set on the Yarra River, Riverbank &ndash; The Park House is located near the&nbsp;Yarra Trail, Boat House and Tea Garden and Melbourne&rsquo;s best open-access golf course, Yarra Bend, around the corner.

The short commute to the city is convenient for residents, with&nbsp;tram routes 12 and 109 on the doorstep of Park House and North Richmond station just a short walk away.

Riverbank also features hotel-style amenities throughout the development.

There&#39;s the Club House, which comprises a residents&#39;&nbsp;lounge with fireplace, a Movie House, an eight-seater cinema room which can be hired privately, the Fitness Hub gym, The Swing golf simulation room and The Splash, the swimming pool that opens to the courtyards.

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* - Terms and conditions apply

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The nine-level building has been designed by SJB Architects and is finished with interiors by Sue Carr at Carr Design Group

Buyers pay $0 stamp duty at Riverbank in Abbotsford, as Salta matches VIC government offer until June 30

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An Abbotsford, Victoria mortgagee apartment has been sold for $351,000.
The home last sold for $429,000 when it was purchased off the plan in 2011.
As a result this sale marks a $78,000 loss for the vendor.
Chris O'Shaughnessy and Emily Sayers of Biggin &amp; Scott marketed the one bedroom one bathroom apartment.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-abbotsford-132085578" target="_blank">107B/609-615 Victoria Street</a>, the home was built in 2014.
Featuring 50 square metres of internal space, the home was offered to the market seeking $320,000.
Located in the Green Square complex, the north facing home has access to services like a heated pool, gym, communal gardens, BBQ, library, meeting rooms and private entertainment facilities.
The home was first listed as a rental shortly after its purchase in 2014 seeking $390 per week and later that year and in 2015 for $380 per week. 
Later in 2016 it sought $390 per week and most recently in 2018 $395 per week. However according to the listing the unit has "rent potential up to $450 per week".
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for a unit in <a href="/developments/abbotsford-vic-3067">Abbotsford</a> is $496,500, according to the latest CoreLogic data.
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Abbotsford, Victoria mortgagee home sold for $78,000 loss

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The golfing champion Craig Parry has listed his Abbotsford home with $10 million hopes.
It has been listed through <a href="https://blackdiamondz.com.au/listing/530_unique-deep-waterfront-luxury-estate-offers-a-private-resort-oasis20632437" target="_blank">Black Diamondz Concierge agent Tim Le</a>.
The home on the dress circle Abbotsford Parade sits in private 1,620 sqm gardens and has water views from every room.
It has four bedrooms and four bathrooms. The upper level bedrooms include a master with walk-in and ensuite spa. 
<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/2019/4/8/Parry2.jpg" alt="">
There's also a home office, theatre room, steam room, infrared sauna and games room with commercial grade wet par.
A permanent marina berth jetty, pontoon, slipway and boatshed span the 53 metres of Sydney Harbour frontage.
A swimming pool, outdoor spa, full size tennis court and of course a custom putting green sits in the grounds.
The $10 million guide on his Abbotsford property would top the suburb record set next door by Le at $9.5 million in 2017 when spiritual healers Mina and Yvon Attia, of the Celebrate Freedom ministry sold to 27-year-old Yangyang Tu, a director of the Northern Territory cattle farm Tutee Farms.
Parry intends to spend more time at his Newport home on Sydney's northern beaches.
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Golfer Craig Parry lists Abbotsford home with $10 million hopes, and own putting green

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The Zagame family has acquired a recently rezoned Abbotsford land parcel of 4,735 square metres for $21 million.
Fitzroys agents Paul Burns and James Lockwood negotiated the sale of 112 Trenerry Crescent on behalf of the Australian Education Union (Victorian Branch) following an expressions of interest campaign.
The site has an existing four-level brick building with a net lettable area of 4,252 square metres, and fronts on to the Yarra River overlooking both Dights falls and Victoria Park, in addition to having views of the CBD skyline.
Burns said 15 offers were received from a mix of local and offshore bidders, predominantly made up of developers, with some partial owner occupiers.
“Bidders had schemes for a mix of office and residential uses for the property, looking to take advantage of the property’s recent rezoning to Mixed Use,” he said.
The AEU had previously used the building as their Victorian headquarters for many years, and held onto the property following their relocation until the rezoning was formalised.
Burns said the strong purchaser interest was driven by the property’s city fringe location and proximity to the burgeoning nearby office markets of Cremorne and Richmond.
The site had views to the Yarra River, Dight Falls, Victoria Park and the Melbourne CBD.
The existing building will be kept and re-used.
“Office vacancies across Melbourne’s city fringe have been tightening to historic lows and businesses are increasingly looking to Abbotsford as the next hotspot for commercial activity,” Burns said.
He said the property offers direct access to trains and buses, the Eastern Freeway and recently upgraded Hoddle Street, and a range of trendy lifestyle options and the scenery of the Yarra River, all within short walking distance.
Lockwood said developers are now looking beyond the busy Cremorne and Richmond markets for their next projects.
Cadence Property Group has lodged plans for a major office development on Victoria Crescent, near the Carlton and United Brewery, and Salta Property Group is undertaking a mixed-use project with office, apartment and build-to-rent components next to its Victoria Gardens shopping centre.
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Zagame family acquires Abbotsford office site from Australian Education Union

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A recently rezoned Abbotsford land parcel encompassing 4,375 square metres has been listed. 
Fitzroys agents Paul Burns and James Lockwood are handling the international expressions of interest campaign for 112 Trenerry Crescent, Abbotsford, on behalf of the Australian Education Union (Victorian Branch).
The site has an existing four-level brick building with a NLA of 4,252 square metres.
It fronts on to the Yarra River and overlooks both Dights falls and Victoria Park, in addition to having views of the CBD skyline.
It is being offered with short-term holding income.
Burns said the property’s flexible mixed use zoning puts all options on the table for purchasers.
"Office vacancies across Melbourne’s city fringe markets have been tightening to historic lows and businesses are increasingly looking to Abbotsford as the next hotspot for commercial activity located close to the CBD," Burns said. 
Lockwood said developers are now looking beyond the heated Cremorne and Richmond markets for their next projects.
Cadence Property Group has lodged plans for a major office development on Victoria Crescent, near the Carlton and United Brewery, and Salta Property Group is undertaking a mixed-use project with office, apartment and build-to-rent components next to its Victoria Gardens shopping centre.
United Petroleum founder, Eddie Hirsch has proposed an 11-storey tower on Hoddle Street. Circa $20 million is expected for the property.
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