<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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Happy Valley has topped a survey of Adelaide's liveability and affordability.
The lower median house prices of Adelaide’s north-east has helped boost the first home buyer appeal of suburbs including Modbury North, St Agnes and surrounding areas, while to the south, proximity to the city and low crime rates have helped drive Glenalta and nearby Hawthorndene to the top of the list, People’s Choice Credit Union Chief Executive Officer Steve Laidlaw said.
“It’s one thing to be able to afford to live somewhere – you also have to want to live there,” Laidlaw said.
“For the first time, People’s Choice has looked at Adelaide’s suburbs to determine whether a couple on average incomes are likely to be able to get finance for a median-priced home, and then assessed those suburbs for their affordability and their liveability.
“Liveability can mean different things to different people, so we’ve looked at abroad range of factors that go behind the costs of buying a home: public transport links, driveability, crime rates, schools and economic prospects.
“The first results show the real estate market in a different way. Of course, we can’t find your perfect home – that’s up to you – but People’s Choice can give youa better idea of where you may find it.”
<a href="https://www.propertyobserver.com.au/images/2019/4/16/peoples%20choice%201%20.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/4/16/peoples%20choice%201%20.jpg" alt="">
Source: People's Choice of Housing 
While the suburb of Adelaide captures the highest rank for public transport links, its high median house price puts its beyond the scope of many couples on ordinary incomes, pushing it out below the top 100 suburbs identified by the People’s Choice of Housing.
Other suburbs such as Golden Grove have reached into the top 50 for the first time due to extensive bus connections to the city and recent changes in median home prices.
The April issue of the People’s Choice of Housing is available for <a href="https://peopleschoicecu.com.au/housing-report" target="_blank">download here</a>. 
The next edition will be released in October 2019.
<a href="https://www.propertyobserver.com.au/images/2019/4/16/peoples%20choice%202.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/4/16/peoples%20choice%202.jpg" alt="">
Source: People's Choice of Housing  
Photo: Windebanks Rd, Happy Valley and Aberfoyle Park, South Australia <a href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/4.0" target="_blank">CC BY-SA 4.0</a>
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j.ballantyne1990-6AQqhLzZaK

Happy Valley tops Adelaide housing for liveability and affordability

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EXPERT OBSERVER
Investors will be piling into the Adelaide market – just as soon as they read somewhere that there’s a boom in the South Australia capital.
But not before. The only constant in the residential property market is that the herd mentality drives the actions of buyers and sellers. 
Adelaide right now is a strong value-for-money proposition, with one of the steadiest and most consistent markets in capital city Australia, underpinned by an economy that the experts have recognised as one of the nation’s best.
But investors generally refuse to consider it. Adelaide flies under the radar screen, with many people clinging to the outdated notion that Adelaide and SA is a low-growth sort of place.
But the experts know better. Here’s a snapshot of what some have said recently:
“South Australia’s economy was the standout of all states and territories in the last three months of 2018, with strong house prices and positive employment momentum boding well for the future.” – ANZ Stateometer report
"Residential property capital values in South Australia had their fastest rise for six years in the last financial year." - SA Property Landscape report from Land Services SA
"Business confidence in SA is now at levels not seen in more than 10 years." - Business SA-William Buck Survey of Business Expectations
"South Australia remains home to the most confident property sector in the country,  buoyed by tax cuts and positive economic announcements. It is the fourth consecutive quarter that confidence in the state's property industry has topped the country." - ANZ / Property Council Survey's Statewide Index
"All the economic indicators are suggesting that Adelaide is going to experience a very buoyant 2019." - Broadway Property director Ben Heritage
"Price Growth Reaches 6 Year High in Sleeper State" - Smart Property Investment magazine
"Adelaide Median House Value Soars To Record High, Defying Downturn In Other Capital Cities." - The Advertiser
"Adelaide Housing Market Forecast To See Steady Growth." - Moody Analytics
"The two key measures of the SA economy - how much production in the state and  how much spending in the state - are both accelerating." - Chris Richardson, Deloitte Access Economics
"Elon Musk’s Tesla is aiming to more than double its battery rollouts during 2019, saying its huge Hornsdale battery in SA has become an important calling card that's attracting bigger projects." - The Australian
"Technicolor's Move To Adelaide Will Generate 400 Jobs and Boost CBD Living and Lifestyle." - The Advertiser
Against that background of economic and property performance, Adelaide is one of Australia’s most consistent markets, a status it has maintained over the past 12 months. It remains the busiest market in capital city Australia and one that is forecast by several analysts to be a national leader on price growth in 2019 and beyond.
SA, dominated by Adelaide, has impressed with its steady performance in the past five years. Each of the past 20 quarters has recorded between 8,000 and 9,500 dwelling sales. Adelaide continues to record high numbers of suburbs with growing sales demand, well above the levels seen in most of the capital cities.
This has produced multiple years of steady price growth, without generating a price boom – yet.
While sources such as CoreLogic and SQM Research report annual growth of only a few percent in Adelaide house prices overall, these generalised figures disguise individual areas which have done better.
It’s noteworthy that many of the millionaire suburbs have recorded big growth in their median prices in past 12 months. Uplift in the premium market is often an early signal of a market upcycle.
The growth is not all confined to the top end: there are suburbs with growth above 10% spread across all price ranges. This reinforces the reality that out-performing areas can be found even when the overall market appears to be moderate.
Adelaide has a broad geographical spread of LGAs with good numbers of growth markets. There are seven municipalities which have five or more suburbs with rising sales trajectories leading to price growth. This means there is growth momentum across the metropolitan area.
The leading precinct, with 12 growth suburbs (which makes it a nation-leading market), is Port Adelaide Enfield - which is likely to attract growing interest as the massive project to build Navy vessels unfolds.
The Marion LGA, a middle-market area in the south-west of Adelaide, has been a market leader for the past 12-18 months and continues to be.
A new challenger in Adelaide is the West Torrens LGA, which is situated between the CBD and the beaches – and offers wonderful value for money, relative to its location. Most suburbs have median house prices in the $500000s.
Another contender is the Tea Tree Gully LGA, which offers a good location relative to major jobs nodes and the Adelaide CBD, good local infrastructure and a high level of housing affordability. 
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
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terryryder-YECXbqmri2

Adelaide flies under the radar as one of our strongest capital city property markets: Hotspotting's Terry Ryder

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The plans for a new $300 million commercial project in the heart of Adelaide’s CBD have been revealed.
Located on the corner of Pirie Street and Freemasons Lane, on the former Planet Nightclub site, 83 Pirie will introduce approximately 30,000 square metres of A-grade office space.
The building, designed by Woods Bagot and developed by Cbus Property, will span 17 levels of office, as well as a 300 square metre rooftop terrace, an onsite wellbeing lifestyle centre and 365 square metres of ground plane retail.
The project will also have features such as electric car charging stations and of-trip facilities.
<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/2019/2/19/83%20PIRIE_CBUS%20PROPERTY_FACADE51.jpg" alt="">
Cbus Property CEO, Adrian Pozzo, said there is strong market demand for new, A-Grade commercial workspace in Adelaide.
“There is a distinct lack of supply for contiguous new built commercial stock in Adelaide’s city centre,” Pozzo said.
 “This demand is driven by positive employment rates and sustained spending across defence, renewable energy and technology sectors, including the implementation of the 10 Gigabyte Adelaide initiative, which indicates demand will only increase.
“We recognise that the workplace is changing and tenant requirements are evolving so it was an ideal opportunity to create a new benchmark for office design in Adelaide.
“Tenants are not only looking for innovative workspaces that offer flexibility and foster a collaborative and engaging work environment but also leading design incorporating innovative technology, sustainability and wellness initiatives which is exactly what 83 Pirie will deliver.”
<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/2019/2/19/83%20PIRIE_CBUS%20PROPERTY_LANEWAY61.jpg" alt="">
Andrew Beasley, National Director of Office Leasing at Colliers International, said tenants at 83 Pirie will benefit from heightened connectivity throughout Adelaide’s CBD.
“Over the past few years, we have seen an increased appetite from domestic institutional developers and investors in Adelaide, which was once traditionally dominated by private developers,” Beasley said.
“The shift from private to institutional investment has created new standards for building design and architecture and with only two new buildings to be completed this year and new supply for 2020 unlikely, tenant demand is strong.
“This combined with 83 Pirie’s highly efficient 1,750 square metres side core floorplates and exceptional views from the upper floors will appeal to a high calibre of commercial tenants, spanning major corporates and state and federal government.
“Ideally located in the heart of Adelaide, Pirie Street has unrivalled links to culture and lifestyle amenity, including popular eateries, which has seen it become known as the CLD.
“While it has a strong lifestyle offering, Pirie Street still remains an important part of the commercial district with corporate occupiers keen to have proximity to other professional service firms, car parking stations and the nearby retail amenity.”
83 Pirie’s design and architecture was will complement the existing streetscape and nearby heritage buildings, said Thomas Masullo, Director, Woods Bagot.
“83 Pirie’s bold form echoes the low-rise and heritage fabric of the high street architecture,” he said.
“Elevated above the podium, the tower rises to take its place in the city skyline, with repetition of angled glass panels across the façade creating an elegant and sophisticated design aesthetic.
“The tower will make an enormous contribution to the social and economic fabric of the precinct and our great city.”
Construction of 83 Pirie will commence once a pre-commitment is secured and is expected to take around two years to construct.
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Plans revealed for new $300 million Adelaide CBD office project

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The first stage of one of Adelaide CBD's largest urban renewal projects - West Franklin - has been completed, with the first residents set to begin moving into Greaton's $140m twin-tower project.

Located on the corner of Elizabeth and Franklin Streets, Stage One sees the transformation of the former Balfours Bakery site into two residential towers of 17 and 19-storeys, designed by Brown Falconer.

97% or 264 of  272 apartments in West Franklin have been sold, with Greaton expecting Stage One of the development will become home to over 500 people.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/fn9a3601.jpg" rel="gallery-all" title="The dual towers of Stage One rise 17 and 19-storeys respectively. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/fn9a3601.jpg?itok=yjjzU4g8" title="The dual towers of Stage One rise 17 and 19-storeys respectively. Image: Supplied" width="580"></a>

<figcaption>The dual towers of Stage One rise 17 and 19-storeys respectively. Image: Supplied</figcaption></figure>West Franklin’s 17-storey southern tower features 150 apartments, while the 19-storey northern tower includes 122 apartments, and a separate rooftop club-style lounge with adjoining alfresco entertaining space. 

The towers sit atop a shared six-storey podium that includes 16 two-storey townhouses and loft-style dwellings, built from red brick, paying homage to and celebrating the retained heritage Balfour Bakery building. 

The podium also accommodates 230 car parking spaces over four levels, as well as communal amenities, including a 25m heated infinity lap pool, fully-equipped gymnasium, sauna, steam room, twenty-person cinema, library and conference area, and even a golf driving simulator room. 

An adjoining outdoor pergola-covered podium provides communal BBQs, an indoor kitchen and shared lounge, and internal and alfresco entertaining spaces.

In another major boost for the area, West Franklin will also include 1,245 sqm of retail space, creating a new shopping destination in where a proposed supermarket, cafe and smaller retail outlets will feature. providing a major retail boost to Adelaide’s west end.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/fn9a3695.jpg" rel="gallery-all" title="The towers sit atop a landscaped podium. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/fn9a3695.jpg?itok=qItFOFry" title="The towers sit atop a landscaped podium. Image: Supplied" width="580"></a>

<figcaption>The towers sit atop a landscaped podium. Image: Supplied</figcaption></figure><h2>What they say...</h2>

<blockquote>
“West Franklin’s Stage One was released to the market in 2015 and there are only six apartments and two of the four penthouses left for sale. We’ve found that buyers have been impressed with the considerable amenity offerings and vibrant lifestyle the precinct offers, with around 70% of sales made to owner-occupiers.

These residents will be within a short walking distance to CBD offices, Adelaide Central Market, private and public schools and universities, trendy cafes, bars and restaurants, while the North Terrace cultural precinct and the Rundle Street and Gouger Street restaurants are also on the doorstep.

As such, West Franklin couldn’t be better located and offers a unique lifestyle our buyers were quick to take advantage of.

Our buyers have covered the spectrum – West Franklin is perfect for single owners, such as Jessie, or families. It’s also pet-friendly, which has been well received. West Franklin is particularly appealing to tertiary students studying on North Terrace, given its proximity and the range of lifestyle offerings within a short walk.

The value for money, amenity offering, high quality architectural design and build quality is exceptional at West Franklin and our clients have acknowledged this.”

-  Nicho Teng, Greaton Managing Director
</blockquote>

 

<blockquote>
“I was first attracted by West Franklin’s location, which is just a seven-minute walk to my job at Bendigo Bank’s Grenfell Street head office. I love running along the Torrens River, which will be only ten minutes away. I also go to the gym every day and will now have one in my building. 

West Franklin will provide me with a convenient and quality lifestyle, with basically everything I need in one place – there’ll be a supermarket and café downstairs, and even events held on the podium.

In terms of affordability, and the fact that everything I need is within walking distance, West Franklin can’t be beaten."

- Jessie Tafur, Middle Market Officer at Bendigo Bank and purchaser/resident at West Franklin
</blockquote>

 

<blockquote>
“It’s been exciting to deliver this project for Greaton and we think it’s a highly desirable project that’s unique to Adelaide. We had in excess of 320 workers on site at its peak, with more than 2,000 individual workers, representing 60 subcontracting firms, contributing to the project.

The delivery of West Franklin’s Stage One is another milestone for our business and is something we will be celebrating. The project was completed 3 weeks ahead of contractual completion!

This has been a highly desirable project for Greaton and their ability to work dynamically with us and other project stakeholders is a credit to them.  We look forward to working with them again.”

- Daryl Young, Built Environs Managing Director
</blockquote>
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Laurence Dragomir

Residents prepare to move into first stage of Greaton's West Franklin development

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Developer Cbus Property has unveiled plans for a $300 million commercial project in the heart of Adelaide’s CBD which it says will become "a landmark addition to Adelaide’s skyline."

Located on the corner of Pirie Street and Freemasons Lane - on the former Planet Nightclub site - the 17-storey building has been designed by Woods Bagot who have employed a restrained approach to the architecture - complementing the existing streetscape and nearby heritage buildings.

 According to Cbus Property, 83 Pirie Street responds to the the strong market demand for new, A-Grade commercial workspace in Adelaide, introducing approximately 30,000 sqm of A-grade office space into what has been dubbed the new Central Lifestyle District (CLD) of Adelaide.

With an eye firmly on the future, 83 Pirie has been designed to provide large, flexible floorplates of 1,750 sqm to meet the demands of a "contemporary and future-looking workforce". These floors can be merged to create vertical communities, with a strong emphasis on collaborative 'third spaces', which include a 300 sqm landscaped rooftop terrace and an onsite well-being lifestyle centre. 

83 Pirie's central location provides tenants with easy access to Adelaide's traditional commercial district, as well as lifestyle amenity such as Rundle Mall and Hindmarsh Square park, which are only a few minutes walk away.

The development has been designed with an activated ground plane that includes 365 sqm of retail - further adding to Adelaide's emerging laneway culture - while the introduction of street level setbacks will contribute to a pedestrian-friendly experience. Connectivity and walkability in the area will also be improved via the key north-south pedestrian axis of Freemasons Lane and Flinders Link.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/83_pirie_cbus_property_facade51.jpg" rel="gallery-all" title="83 Pirie Street will rise 17-storeys on the Adelaide skyline. Image: Cbus Property"><img alt="" class="image-article-full-width-580px" height="869" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/83_pirie_cbus_property_facade51.jpg?itok=eXy9re9N" title="83 Pirie Street will rise 17-storeys on the Adelaide skyline. Image: Cbus Property" width="580"></a>

<figcaption>83 Pirie Street will rise 17-storeys on the Adelaide skyline. Image: Cbus Property</figcaption></figure>83 Pirie Street adds to Cbus Property's expanding project pipeline across Australia, with a number of commercial office projects under development in Melbourne including Collins Arch, 311 Spencer Street and 435 Bourke Street.

Cbus Property expects construction of 83 Pirie to commence once a pre-commitment is secured, with an expected construction programme of two years.

<h2>What they say...</h2>

<blockquote>
“There is a distinct lack of supply for contiguous new built commercial stock in Adelaide’s city centre. This demand is driven by positive employment rates and sustained spending across defence, renewable energy and technology sectors, including the implementation of the 10 Gigabyte Adelaide initiative, which indicates demand will only increase.

We recognise that the workplace is changing and tenant requirements are evolving so it was an ideal opportunity to create a new benchmark for office design in Adelaide. Tenants are not only looking for 
innovative workspaces that offer flexibility and foster a collaborative and engaging work environment but also leading design incorporating innovative technology, sustainability and wellness initiatives which is exactly what 83 Pirie will deliver”

- Adrian Pozzo, Cbus Property CEO
</blockquote>

 

<blockquote>
“The arrival of 83 Pirie to the Adelaide market symbolises a new era for the commercial sector in the Adelaide CBD. Over the past few years, we have seen an increased appetite from domestic institutional developers and investors in Adelaide, which was once traditionally dominated by private developers.

The shift from private to institutional investment has created new standards for building design and architecture and with only two new buildings to be completed this year and new supply for 2020 unlikely, tenant demand is strong. This combined with 83 Pirie’s highly efficient 1,750 square metres side core floorplates and exceptional views from the upper floors will appeal to a high calibre of commercial tenants, spanning major corporates and state and federal government.

Ideally located in the heart of Adelaide, Pirie Street has unrivalled links to culture and lifestyle amenity, including popular eateries, which has seen it become known as the CLD. While it has a strong lifestyle offering, Pirie Street still remains an important part of the commercial district with corporate occupiers keen to have proximity to other professional service firms, car parking stations and the nearby retail amenity."

-  Andrew Beasley, National Director of Office Leasing at Colliers International
</blockquote>

 

<blockquote>
“83 Pirie’s bold form echoes the low-rise and heritage fabric of the high street architecture. Elevated above the podium, the tower rises to take its place in the city skyline, with repetition of angled glass panels across the façade creating an elegant and sophisticated design aesthetic. The tower will make an enormous contribution to the social and economic fabric of the precinct and our great city.” 

- Thomas Masullo, Director, Woods Bagot
</blockquote>

 
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Cbus Property unveils $300m office project in Adelaide

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Hollywood’s post-production and effects giant, Technicolor, has secured a 10 year lease for an Adelaide CBD office.
Technicolor be situated on levels seven, eight and nine of 178 North Terrace.
Their focus for this office will initially be on delivering visual effects (VFX) for major film studios and streaming services around the world.
Savills Australia’s Adam Hartley negotiated the 10-year lease term at circa $370 per sqm for the 4,200 sqm space.
Mr Hartley said it was a "game changer... Technicolor will create 300 to 400 new jobs, boosting the state’s economy, and reinvigorating the Myer Centre trading precinct".
“Ongoing support from the state government and local council will continue to entice a variety of companies to establish footprints in Adelaide."
“Financial incentives from the state government, combined with factors such as lifestyle, competitive business conditions and best in class internet connection via the Ten Gigabit Adelaide network.will become increasingly attractive to internationally based companies,” Mr Hartley concluded.
Technicolor was given a $6 million grant from the state’s economic investment fund and is expected to inject an economic benefit of more than $252 million into the city throughout the next 10 years.
Similarly, last year, Savills Australia negotiated a lease agreement for New Zealand-based technology company, Medi-Map, which also chose to set up shop in Adelaide with support from government funding.
Built Holdings Pty Ltd is constructing the fit-outs for the Technicolor space, which are currently underway and expected to be ready for operation in April.
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Savills arranges Adelaide CBD office space for global film company Technicolor

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Adelaide house and unit prices were one of only two capital cities to record annual house price growth, and the only capital to record unit price growth, according to Domain's latest House Price Report.
The report found that as a result, house and unit prices are now both at record highs.
Adelaide house prices grew 0.1% over the quarter and 1.7% over the year to $537,971.
Adelaide unit prices grew 2.4% over the quarter and 0.7% over the year to $321,430.
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Domain Senior Research Analyst, Dr Nicola Powell said: “Adelaide continues to provide buyers and sellers steady market conditions, proving to be more resilient than other capital cities under the changed lending landscape. With the credit crunch impacting investors more than owner-occupiers, Adelaide is somewhat insulated from the restricted flow of housing finance — the southern capital has always skewed towards owner occupiers.
“House prices have risen annually for five-and-a-half years. Adelaide is renowned for a modest pace of growth, this steady performance means it the second best performing capital city, only behind Hobart. Adelaide house prices remain higher than Hobart and Darwin and are likely to surpass Perth in the coming months. For units, Adelaide is the best performing capital city over the December quarter.
“Overall buyer interest in Adelaide has risen, with Domain recording a rise in the number of views per listing. The stronger performance of units relative to other capital cities is likely to be partly investor led, as the lower purchasing costs and steady capital growth entices investment activity. The burgeoning food scene, established wine region, and low Australian dollar has helped to support interstate and overseas visitation to the South Australian capital.
“Adelaide's sustainable growth in tourism is likely to be another investor drawcard. Confidence is rising on the back of a growing jobs market. We’ll also see large scale projects like submarine construction and the planned new Australian Space Agency support population growth and demand for housing.”
<img src="https://www.urban.com.au/images/2019/1/23/Domain%20Q4%20Adl.jpeg" alt="">
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Adelaide unit and house prices at record highs: Domain

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Adelaide is no longer the most affordable capital city to rent a unit, according to the latest research from Domain.
Perth is now the most affordable at $300 per week, $10 cheaper than in Adelaide.
Domain found, Adelaide house rents increased 1.3 per cent over the quarter and 2.7 per cent over the year to $380 per week, while rental yields decreased 0.2 per cent over the quarter and 0.8 per cent over the year to 4.45 per cent. 
Adelaide unit rents increased 3.3 per cent over the quarter and 5.1 per cent over the year to $310 per week.
Rental yields improved 1.2 per cent over the quarter and 3.4 per cent over the year to 5.25 per cent. 
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Domain research analyst, Dr Nicola Powell said Adelaide house and unit rents are now at record highs, "but unit rents are growing faster than houses.“ “Demand for Adelaide rentals is being driven by continued employment growth as well as increased overseas migration, which has hit an eight-year high.
Greater competition between tenants could see rents edge higher in the short to medium term. The number of residents leaving the state is also at a near three-year low,” she concluded.
<img src="https://www.urban.com.au/images/2019/1/9/Domain%20Rent%20Adl.JPG" alt="">
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Adelaide is no longer the most affordable capital city to rent a unit: Domain

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South Australia’s housing market is forecast to remain relatively subdued with slow but steady growth, according to the latest report from Moody's Analytics.
Moody’s Analytics have forecast housing values will pick up slightly in 2019, while apartment values will likely be weak off the back of a slow 2018.
<img src="https://www.urban.com.au/images/2019/1/8/Adelaide%201.JPG" alt="">
Greater Adelaide is expected to see sustained housing growth of 2.6% in 2019 and 3.6% in 2020, a small improvement on 2018, while apartments are forecast to see subdued growth as in the trend of previous years.
The Central and Hills region of Adelaide is forecast to see housing growth of 2.5% in 2019 in line with greater Adelaide and slightly less growth in 2020, while apartments are expected to stabilise after making a small loss last year of -0.8%.
Adelaide North is forecast to have greater growth in 2020 than in 2019 reaching 4.6% an improvement on its previous performance, while apartments are forecast to continue a small downward trend in 2019 and 2020.
The Southern Adelaide region is forecast to have the strongest housing growth in Adelaide growing 3.7% in 2019 and 4.9% in 2020, while apartments are forecast to have slow growth in 2019 of 1.4% and the strongest apartment growth of any SA region in 2020 at 3.9%.
Western Adelaide is forecast to see small growth in housing prices in 2019 and 2020 of 2% and 2.9% respectively, while apartments are expected to have a strong 2019 with growth of 3% lower than their 2018 growth of 4.5% before slumping to a loss in of 2.9% in 2020.
The rest of SA is expected to be continued a trend of home price weakness in 2019 with a loss of -0.6% forecast by Moody's Analytics, however in 2020 a recovery has been predicted with growth pegged at 4.2%.
Barossa, Yorke, and Mid North SA are predicted to experience weakening house prices in 2019 before experiencing a pick up in 2020 of 3.4%, after experiencing price growth in 2017 and 2018.
The Outback region of SA is forecast to see price falls of -10.2 throughout 2019 continuing a trend of price falls before bouncing back in 2020 to grow 5.6%.
South East SA is forecast to have consistent price growth in 2019 (3.9%) and 2020 (4.1%) after seeing a reduction of -0.6% last year. 
The report authors note, "although low population growth has dampened home values, a recovery in employment growth, coupled with increased incomes over the next few years, could result in pockets of South Australia outperforming the rest of the state."
The dwelling market in Adelaide-North is likely to remain mixed with house values expected to accelerate while apartment values remain subdued.
Overall, population growth has supported home values; nearly 50% of the total population gain in Adelaide has been in Adelaide-North in 2016-2017.
However population growth is expected to moderate.
<img src="https://www.urban.com.au/images/2019/1/8/Adelaide%203.JPG" alt="">
The report said, "the Adelaide-Central and Hills region enjoyed a strong run in 2017, but values have slowed in 2018, and a slow recovery is likely in 2019."
"Moreover, a strong runup in apartment supply since 2014 has prompted apartment values to fall in 2018, and only a small recovery is likely in 2019 and 2020."
"A higher supply—with around 1.4 apartments approved for every home approved since 2015—will limit apartment value gains in the region," the report stated.
<img src="https://www.urban.com.au/images/2019/1/8/Adelaide%202.JPG" alt="">
Moody's Analytics forecast that slow population and income growth will weigh on the South Australian housing market.
They have also predicted that high rental values will keep the Adelaide housing market stable and prevent a sharp collapse seen elsewhere nationwide.
Notably, agriculture commodity prices are expected to remain subdued, while the Australian dollar is unlikely to fall further.
These external developments will limit income gains across the Barossa-Yorke-Mid North and South Australia-Outback regions in the coming years.
Consequently it is forecast the housing market there is will correct further in 2019 before a recovery takes place in 2020.
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Adelaide's housing market forecast to see slow but steady growth: Moody's Analytics

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Adelaide will host the new Australian Space Agency with the Prime Minister announcing the initial $41 million investment will be used to secure premises for the agency at the former Royal Adelaide Hospital site.

Locating the agency in Adelaide also forms part of a memorandum of understanding signed between the SA and Federal Governments in regards to a new City Deal for Adelaide.

The Australian Space Agency will eventually employ 20 people full-time once their premises are complete.  

ASA won't be like NASA, launching human missions to the moon, Mars or any other solar body, but will instead focus on growing a native satellite &amp; orbital industry for Australia.

Lot 14, the site of the former Royal Adelaide Hospital which has now moved a kilometre to the west along North Terrace, is one of the flagship projects of <a href="https://renewalsa.sa.gov.au/">Renewal SA</a>.

Similar in scope to Development Victoria (and its predecessors), Renewal SA manages urban redevelopment on behalf of the South Australian Government.

The South Australian Premier, Steven Marshall, was noticeably enthused about the Federal Government selecting Adelaide for the HQ of the Australian Space Agency.

<blockquote>
South Australia is the ideal location for the Australian Space Agency with a range of local space industry businesses already established here as well as a rapidly growing defence industry sector.

Establishing the headquarters of the Australian Space Agency in South Australia will launch our space and defence sectors to the next level.

I look forward to working with the Federal Government, industry and our education sector to capitalise on this incredible opportunity for our state.
<cite>Steven Marshall, Premier of South Australia</cite>
</blockquote>

Lot 14 is being billed as Australia's 'first creation and innovation neighbourhood' which takes up 7 hectares of land right in the heart of Adelaide.  Its neighbours include the University of Adelaide, the Botanic Gardens and the Adelaide Zoo.

For more information on Lot 14, see <a href="https://renewalsa.sa.gov.au/projects/lot-fourteen/">renewalsa.sa.gov.au</a>

 
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