<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" 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%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Adelaide

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The historic 1880 Fitzroy House in Adelaide has been listed for sale, for the first time since 2001.
Built for South Australian senator, early Australian Attorney General and part-time viticulturist Sir Josiah Symon, the home has been restored since last traded for $800,000 when bought by the Thomas family.
Set on 2,500 sqm botanic gardens, the <a href="https://www.realestate.com.au/property-house-sa-fitzroy-125279738" target="_blank">six bedroom, four bathroom home</a> spans 800 sqm over two levels.
The gracious ballroom is the showpiece.
A floodlit lawn tennis court and heated swimming pool lie either side of the central entertaining area.
Bernard H Booth agent Jamie Brown has the listing.
Fitzroy's price record was set in 2012 when the Snell family paid $3.675 million for the nearby 1890 Carlton House, when $4 million had been sought.
This article was first published in The Weekend Australian property section.
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jrobinson-rf4aSBido9

Adelaide's Fitzroy house listed

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Adelaide’s housing market has remained dormant when compared to the rest of the country with detached-home values rising only 12 percent since 2013, according to CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, 2017Q1.
The report said South Australia’s uneven economic momentum can be attributed to the cool state of Adelaide’s market.
<a href="https://www.propertyobserver.com.au/images/2017/04/11/Screen%20Shot%202017-04-11%20at%201.39.30%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/11/Screen%20Shot%202017-04-11%20at%201.39.30%20PM.png" alt="">
"Detached-home values have risen only 12 percent since 2013, while apartment values have increased a slight 2.3 percent," it said.
"Unemployment of 7 percent in greater Adelaide is well above the national average, although it has trended down from 7.8 percent in late 2015.
<a href="https://www.propertyobserver.com.au/images/2017/04/27/Screen%20Shot%202017-04-27%20at%2012.38.35%20PM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/27/Screen%20Shot%202017-04-27%20at%2012.38.35%20PM.png" alt="">
"Detached-home values are forecast to remain relatively flat, rising 0.9 percent in 2017 and 0.5 percent in 2018.
"Apartment values are expected to decline a little, by 0.1 percent in 2017, with a mild recovery of 0.5 percent in 2018."
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jonathanchancellor-7SQnKwU6yx

Adelaide property market still dormant: Moody's Analytics

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A historic house in Adelaide sold for $960,000 at weekend auction.
Located at <a href="https://www.realestate.com.au/property-house-sa-adelaide-124880446" target="_blank">55 Symonds Place</a>, the 1860 Victorian home has been listed on the SA Heritage Register.
More than 60 people lined the small street off South Terrace for the auction, which opened at modest bid of $800,000.
The successful bidders became the ninth family to own the 1860s home.
It then came down to two prospective buyers before going under the hammer for $960,000.
The new owner said she planned to rent out the property to allow time to develop plans for adding new touches to the historic home.
“I kept thinking we weren’t going to get it,” she told the local paper.
“We’ve been speaking to State Heritage to see what we actually can do to it.”
They plan to demolish the current extension to build outwards and upwards.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/27/55%20Symonds%20Place-2.jpg" alt="">
“We want to maintain all the original character,” the new owner said.
Featuring original high ornate ceilings with Victorian Coves and ceiling roses as well as a central hallway with Gothic arches.
A formal lounge consists of a fireplace and original painted ornate ceilings while a separate formal dining room has gas fire and a built-in whiskey cabinet.
The kitchen has quality cabinetry including a breakfast bar, William Morris designed glass splashbacks and heritage style 5 burner Falcon freestanding cooker.
A double ceramic sink and Bosch dishwasher are also included in the kitchen.
The master bedroom has its own built-in wardrobes, a heritage inspired ensuite with claw’n ball tub, shower and toilet.
One bedroom includes a built-in day bed, original features and another has direct access to the garden.
Garden includes Magnolia, Crepe Myrtle, Candensis, lemon, fruit trees, veggie patch and rare plants
The property was offered through Ray White agents Nick Psarros and Nathaniel Kennerdale.
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j.ballantyne1990-6AQqhLzZaK

Adelaide trophy house sold for $960,000

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

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Adelaide units are a $1000 cheaper compared to Hobart, according to CoreLogic’s latest report.
The property data firm says that Adelaide units average at $323,000 compared to Hobart’s $324,000 in private treaty sales. 
<a href="https://www.propertyobserver.com.au/images/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.56.14%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/03/Screen%20Shot%202017-04-03%20at%2010.56.14%20am.jpg" alt="">
However Hobart is the cheapest place to purchase a house with a median price of $366,000.
Sydney remains the most expensive place to purchase a property with houses averaging at $950,000 and units at $738,000.
A one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-adelaide-123680194" target="_blank">901/102 – 105 North Terrace</a>, Adelaide (above) has been listed for $310,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-adelaide-124807334" target="_blank">601/235 Pirie Street</a>, Adelaide (below) has been listed for $300,000.
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Units in Adelaide $1000 cheaper than units in Hobart: CoreLogic

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A historic house in Adelaide has been listed for auction on 1 April.
Located at <a href="https://www.realestate.com.au/property-house-sa-adelaide-124880446" target="_blank">55 Symonds Place</a>, the 1860 Victorian home has been listed on the SA Heritage Register.
Featuring original high ornate ceilings with Victorian Coves and ceiling roses as well as a central hallway with Gothic arches.
A formal lounge consists of a fireplace and original painted ornate ceilings while a separate formal dining room has gas fire and a built-in whiskey cabinet.
The kitchen has quality cabinetry including a breakfast bar, William Morris designed glass splashbacks and heritage style 5 burner Falcon freestanding cooker.
A double ceramic sink and Bosch dishwasher are also included in the kitchen.
The master bedroom has its own built-in wardrobes, a heritage inspired ensuite with claw’n ball tub, shower and toilet.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/27/55%20Symonds%20Place-2.jpg" alt="">
One bedroom includes a built-in day bed, original features and another has direct access to the garden.
Garden includes Magnolia, Crepe Myrtle, Candensis, lemon, fruit trees, veggie patch and rare plants
The property is offered through Ray White agents Nick Psarros and Nathaniel Kennerdale.
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Heritage listed 1860s Adelaide house listed for auction

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Developer Greaton has awarded the stage one build contract for its $300 million West Franklin residential project to Built Environs.
Stage one of West Franklin, on the corner of Elizabeth and Franklin Streets in Adelaide, will feature 272 residential apartments spread across two towers sized 18 and 20 storeys.
The contract is worth $90 million.
Nicho Teng, managing director of Greaton said they will be using an innovative construction methodology, bubble deck, which will result in a shorter construction phase.
Construction is expected to start in April and stage one is due to be completed early 2019. Over 140 sales have been secured in stage one.
Residential facilities include a 20 metre lap pool, gym, spa, sauna, resident dining rooms, BBQ facilities, cinema, golf simulator and roof top bar.
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Developer Greaton awards stage one West Franklin build

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SPONSORED POST
Adelaide’s West is on the rise with the $300 million West Franklin project leading the changes.
Greaton has awarded Built Environs the contract to build the New York inspired landmark development, one of the largest urban regeneration projects ever undertaken in Adelaide’s CBD.
Local Adelaide architects Brown Falconer led the exterior design and interior fit-out.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/1/g1.jpg" alt="">
The highly sought after residences in the urban village precinct have been designed to meld with the historic fabric of the site. Its stylish glass, metal and stone exteriors are designed for the 21st century and will capture the attention of any discerning purchaser.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.43.28%20AM.png" alt="">
Dorothy Chapman, National Marketing Manager for Greaton comments, “A project of West Franklin’s scale has never been seen in Adelaide’s West. The architects were given a brief to create a visionary project that would become a legacy for the area.
“House purchasers are realising that this is a once in a lifetime opportunity to live in Adelaide’s newest vibrant city precinct. The area was formerly home to Balfours, an iconic South Australian bakery and has been quiet for many years. The commencement of construction in April will re-activate the area and create an entirely new destination in Adelaide’s City West for all generations.”
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.44.58%20AM.png" alt="">
“The rise of affordable luxury living in Adelaide’s CBD starts at West Franklin. Luxury, lifestyle and liveability capture the essence of this community,” added Cameron Porter, National Sales Manager for Greaton.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.45.48%20AM.png" alt="">
“Apartments are priced from $319,000 up to $1.445 for opulent penthouses. Extensive balconies provide the perfect environment for outdoor entertaining enhanced by picturesque views of Adelaide’s history and beaches.”
The first stage of West Franklin is located on the corner of Elizabeth and Franklin Streets and features 271 residential luxury apartments spread across two towers (north tower is 20 storeys and the south tower is 18 storeys).
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.46.23%20AM.png" alt="">
They both share a common podium comprising 1,100 sqm of retail on the ground level, resident facilities and car parking (236 spaces). Residential facilities include a 20 metre lap pool, gym, spa, sauna, resident dining rooms, BBQ facilities, cinema, golf simulator and roof top bar.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.46.58%20AM.png" alt="">
One bedroom apartments are priced from $319,000 to $428,000, two beds start at $460,000 to $635,000, $575,00 to $825,000 is the range for three beds and penthouses are priced from $1.455 million.
<img src="https://www.urban.com.au/images/2017/03/1/Screen%20Shot%202017-03-01%20at%209.47.59%20AM.png" alt="">
An onsite display and sales office is open Monday to Friday 12 – 4pm, Saturday 12 – 4pm and Sunday 12- 4pm.  Completion of stage one is due early 2019.
For further information visit <a href="https://www.westfranklin.com.au" target="_blank">www.westfranklin.com.au</a> or call 1300 992 166.
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jchancellor-FAypfDUnLy

Adelaide's new future is on the rise: Greaton

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Local Adelaide agents are reporting continued low levels of stock in city fringe, locations within 10 kilometres of the city and in beachside locations, according to HTW’s February 2017 update.
The valuation firm says demand for quality housing in these areas seems set to continue if lower supply levels prevail.
There is also continuing activity from developers within suburbs that have undergone zoning changes in recent times such as the Campbelltown and Prospect areas.
“The outlook for 2017 will largely hinge on any potential interest rate increases and in the northern suburbs, the upcoming closure of the Holden manufacturing plant,” HTW says.
“Recent media reports have discussed the increasing levels of consumer debt and the high levels of investor activity versus diminishing activity in the first home buyer market segment.
“Future interest rate decisions will further influence these levels of activity.”
The firm also cautions buyers that there is quite a high level of stock available of housing that is less than five years old.
“Quite often a premium is being paid for a new product, when a similar dwelling is available in the same suburb, albeit slightly older.
“There is increasing construction of apartments in the Adelaide CBD and given the relatively stagnant values in this market segment, this type of property should be treated with caution.”
According to HTW, Adelaide is the most affordable mainland capital city on a median house price basis.
It points to ongoing infrastructure projects such as the Torrens to Torrens road upgrade, O-Bahn tunnel works and Darlington upgrades as employment opportunities for the state and improved facilities for the public.
“We would expect some increased activity in the market leading into February,” the report says.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-sa-adelaide-124597538" target="_blank">265 Angas Street</a>, Adelaide (above) has been listed for between $560,000 to $580,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-sa-adelaide-124527802" target="_blank">907/39 Grenfell Street</a>, Adelaide (below) has been listed for between $425,000 to $440,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/907_39%20Grenfell%20Street.jpg" alt="">
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Adelaide property market hinges on interest rate decisions: HTW

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New rail infrastructure has boosted the profile of Adelaide’s seaside suburbs Christies Beach and Seaford, according to HTW’s February 2017 update.
The valuation firm says segments worth watching this year are: detached housing in the suburbs of Welland, West Hindmarsh, Renown Park and Devon Park where improved infrastructure is in place; Edwardstown in the southern suburbs (eight kilometres from the CBD); Christies Beach and Seaford (beachside southern suburbs); and quality properties under $500,000 within 10 kilometres of the CBD as these are increasing in scarcity.
“Welland, West Hindmarsh, Renown Park and Devon Park are all situated within close proximity to solid performer suburbs such as Allenby Gardens, Croydon and West Croydon,” the report says.
“These suburbs provide an opportunity for purchasers attempting to enter the latter suburbs but at a more affordable price point.
“These areas are gentrifying, have increasing levels of in-fill development occurring as well as renovations and upgrades of older, character style housing.”
The firms says the Torrens to Torrens project, which is upgrading a large section of South Road, will further improve access to these areas and increase appeal to potential purchasers.
Edwardstown is in proximity to the increasingly popular areas of Clarence Gardens and Daw Park and is currently undergoing large levels of in-fill development.
“Driving through this suburb at the moment, there are a number of dwellings being demolished to make way for higher density, modern housing,” HTW says.
“The suburb is well serviced and has access to a number of arterial roads, providing good vehicle access to the north and south of the city as well as the CBD.
“Christies Beach and Seaford, in particular, provide more affordable opportunities than the neighbouring suburb of Port Noarlunga.”
The recent electrification of the Seaford railway line has improved access to this area.
The Southern Expressway also provides access to the Adelaide CBD which will be further enhanced via the Darlington upgrade currently underway.
“There are increasingly improved facilities in these areas, as there is increasing development in the area, both in-fill and in the Seaford Meadows South development.
“Areas such as Happy Valley and Reynella East still provide affordable detached housing under $450,000 which is comparatively affordable compared to many sections of the market.
“Land release prices in suburbs such as Penfield and the Gawler area continue to increase.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-reynella+east-124526034" target="_blank">13 McClure Avenue</a>, Reynella East (above) has been listed for between $330,000 to $340,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-sa-happy+valley-124644618" target="_blank">20 James Road</a>, Happy Valley (below) has been listed for between $345,000 - $365,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/21/20%20James%20Road.jpg" alt="">
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