<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

Canberra

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The Canberra industrial market has continued to witness stabilisation and level growth, according to the latest report from valuation firm Herron Todd White.
Local commercial agents are reporting increased activity on the back of a stable residential market, improved consumer confidence and a less restrictive lending environment.
HTW focused on the ACT Government’s Four Year Indicative Industrial Land Release Program, which is based on the current level of demand for industrial land.
The program is intended to achieve a number of objectives, but in essence it is to increase the ACT Government’s responsiveness to market changes by developing an inventory of land stock, where serviced industrial sites are available for immediate release.
Land will be available across new estates in Symonston (2020-2021), Fyshwick and Majura Valley (Pialigo, 2021-2022) as well as Hume. 
The program aims to release 110,000 square metres over the next four years.
The report authors said, "owner-occupiers and private investors are active while there is also increased demand for higher valued assets as demonstrated by the February 2019 (settled) sale of 2 Paspaley Street, Hume through Burgess Rawson for $10.3 million including GST (ten year lease until 2027 plus options to 2042); reflecting rates of $2,537 per square metre of lettable area and $810 per square metre of improved land area."
"Typical analysed market yields are between six and seven per cent and lower for sub $1.5 million properties in industrial precincts."
"Queanbeyan continues to provide a desirable alternative for industrial owner-occupiers with municipal rates continuing to increase in the ACT, discouraging activity," they concluded.
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j.ballantyne1990-6AQqhLzZaK

Canberra industrial market continues seeing stable growth: HTW

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The sustainability of our residences is an important part of daily life.
The Concrete House in Canberra's Deakin was constructed with a sustainable approach from the outset.
The project's architect Rob Henry of Rob Henry Architects says the planning started with overlays of sustainable principles and aesthetics.
Henry's brief was to create a contemporary family home that could withstand the pressures of climate change, whilst also ensuring the aesthetic was not compromised by the implementation of thermal performance systems.
Two years in construction, The Concrete House was completed.
<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/2019/10/17/CBR%20Concrete%20House%202.jpg" alt="">
Winner of the Malcolm Moir and Heather Sutherland Award for residential architect for new houses at the Australia Institute of Architects ACT Chapter 2019, The Concrete House has an 8.5 energy rating and doesn't rely fully on mains service for water and electricity. It is completely disconnected from mains gas.
"Each space needed to optimise solar orientation, and thus the U-shaped planning with central courtyard was developed," Henry said.
The U-shape courtyard maximises solar orientation and cross ventilation and is viewed from each of the residences three wings, with maximum light achieved in as many rooms as possible.
The three wings comprise a north-easterly bedroom wing, a south-westerly circulation spine/services wing and a northerly living and study wing.
They open to the courtyard which anchors the home, with its solar heated swimming pool. 
<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/2019/10/17/CBR%20Concrete%20House%201.jpg" alt="">
The Concrete House is to be showcased at DESIGN Canberra 2019, an annual festival held every November that celebrates local architecture.  
Henry suggests that much like the rest of Australia, Canberra's adoption of innovative solutions for building sustainability has been relatively slow, which in part, he puts down to the lack of architect-involvement on new builds.
"The residential new build market has been busy of recent years, but only a small percentage (only five per cent) of projects are being designed by architects," Henry said.
"There has been a trend to value quantity over quality, with the size of dwelling continuing to rise and the designs lacking consideration for sustainability and longevity. 
"Too many homes are not being designed for their site and for local climate conditions."
Henry says the lifespan of concrete is double or triple other common building projects.
"Concrete is very durable and withstands all weather conditions as it does not rust, rot or burn," Henry said.
The project took longer than standard in part due to the use of concrete, but also due to the high level of detailing and the implementation of thermal performance systems.
Sinking in to the sloping site, from street level The Concrete House has a one and a half storey front facade with a semi inset basement parking and guest wing below.
The entrance is at mid-level and the main house above.
<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/2019/10/17/CBR%20Concrete%20House%204.jpg" alt="">
Charcoal zinc cladding wraps the main structure to induce a recessive quality. 
The interior reflects the exterior with concrete flooring, stairs and blade walls that extend through the circulation spine. The windows are charcoal framed and the door hardware and joinery details are inset in to crisp white surfaces.
Henry says the build form of the Concrete House takes cues from its surrounding context.
"Situated close to the National Capital’s Parliamentary Triangle, where there is a prominence of concrete cubic forms, the house distils this language into a residential scale," Henry said.
"The materiality speaks to a desire for a building of endurance," Henry added. 
Henry says he hopes The Concrete House will share a level of endurance that the Benjamin House, also in Deakin, has afforded.
The Benjamin House was designed by Alex Jelinek for Professor Bruce Benjamin and his wife in the mid 1950s.
The Czechoslovakian educated architect, who migrated to Australia in 1950 to work on the Snowy Mountains Hydro Electricity scheme, built the home with concrete blockwork, reinforced concrete walls and suspended slabs, timber framed floors and steel and timber roof framing with a membrane roof.
"Benjamin House is architecturally striking yet understated in its landscape context, which is something we worked on for the Concrete House," Henry added.
This article was first published in the Weekend Australian.
 
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jrobinson-rf4aSBido9

Canberra's Concrete House constructed with sustainable principles

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If you’re looking to buy an apartment in Australia, property economist Anna Porter explains <a href="https://au.finance.yahoo.com/news/state-easiest-buy-property-act-011522751">Canberra could be your best bet</a>.

According to Porter, the Australian state outranks the rest of the country based on agents’ attitude, costs associated with the purchase, buyer competition and the ease of undertaking due diligence.

<blockquote>
“[In Canberra,] Agents treat buyers with a huge amount of respect, they allow them time to do their due diligence without undue pressure and they encourage them to work with solicitors straight away.”
</blockquote>

- Anna Porter, Property Economist

Australian Capital Territory is the only state which ensures the vendor must provide pest and building reports in the contract of sale, and has the country’s second-lowest stamp duty costs, which both work in the favour of the buyer.

Given the lower entry-level price points, buyers can secure a luxury apartment for a fraction of the cost of a high-end or penthouse apartment in Sydney or Melbourne. Canberra’s vast natural landscape also means many apartments will overlook spectacular mountain or water views.

If you’re considering purchasing property in Canberra, here are 5 of the state’s most exquisite luxury developments on the market right now.

<h2>1. ENVIE, BRADDON </h2>

New York-style luxury living

Developer: Geocon

61 Cooyong Street

<figure><img alt="" class="image-article_full_width_580px" height="318" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/envie1.gif?itok=VIJJVMX0" title="New York-style luxury living" width="580">

<figcaption>New York-style luxury living</figcaption></figure>Envie offers a multitude of elegant, relaxing spaces for residents to entertain guests. From a shared chef’s kitchen and on-site concierge to the private rooftop spa and relaxation room, Envie caters to those who seek respite from their busy urban lifestyle and upgraded living. Atop the residential tower is a viewing terrace for residents to enjoy the stunning views across Canberra.

A selection of one, two and three-bedroom apartments are selling now.  

<hr>
<h2>2. SAPPHIRE KINGSTON, KINGSTON </h2>

Canberra’s most exquisite views

Developer: Keggins

Architect: Elenberg Fraser

5/2 Trevillian Quay

<figure><img alt="" class="image-article_full_width_580px" height="204" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sapphire1.gif?itok=aFu04n9k" width="580"></figure>Sapphire Kingston enjoys one of Canberra’s most exquisite natural landscapes, with each apartment boasting panoramic views overlooking the Molonglo River. Residents will enjoy the use of premium Miele appliances, ducted heating and cooling for perfect temperature control year-round, and the finest quality oak timber flooring. The Elenberg Fraser-designed Sapphire Kingston also features spacious landscaped communal gardens and parklands which include built-in barbeques.

Sapphire Kingston is currently 80% sold and has recently launched its final release of three and four-bedroom apartments.

<hr>
<h2>3. <a href="/new-apartments/belconnen-act-2617">REPUBLIC</a>, BELCONNEN</h2>

At the doorstep of some of Canberra's most extensive networks of bicycle and jogging paths

Developer: Geocon

1 Edmonstone Place

<figure><a href="/new-apartments/belconnen-act-2617"><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic1.gif?itok=HGVHOizw" width="580"></a></figure>Republic overlooks the tranquil waters of Lake Ginninderra and is situated amongst one of Canberra’s most extensive networks of bicycle and jogging paths, giving residents the ultimate lifestyle of recreation and relaxation. Republic residents will also have direct access to the newly developed ground-floor Urban plaza, which features a Neapolitan pizza restaurant, Woolworths supermarket, BWS, Abode Hotel and more.

For buyers looking for an established community feel, Republic offers an idyllic modern lifestyle nestled amongst existing infrastructure including libraries, the Belconnen Arts Centre, Westfield Belconnen and the University of Canberra.

One, two and three-bedroom apartments are selling now, with a selection of interior colour schemes for buyers to choose from.

<hr>
<h2>4. ESTATE, FORREST </h2>

A wine connoisseur’s paradise 

Developer: <a href="/developers/addval-developments">Addval Developments</a>

Architect: <a href="/architects/collins-caddaye-architects">Collins Caddaye</a>

1 Hobart Avenue

<figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate1.gif?itok=jL3b690V" width="580"></figure><figure><img alt="" class="image-article_full_width_580px" height="325" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/estate2.gif?itok=iT5XYvzM" width="580"></figure> 

Estate Forrest brings a unique offering to market, enticing vino-lovers across the country by recreating a luxurious winery experience. On-site cellars and a bespoke selection of the country’s finest wines have been curated by celebrity wine connoisseur Tyson Stelzer. Estate is situated in the heart of one of Canberra’s most affluent suburbs and is surrounded by rich heritage and magnificent landscapes.

Estate has been designed by award-winning architect Collins Caddaye, with each home boasting state-of-the-art appliances, spacious living areas and penthouse-quality features throughout.

<blockquote>
“The day that we acquired the site, we made the decision that we wanted every unit, regardless of how many bedrooms or how big it is, to be finished like a penthouse.”
</blockquote>

- Michelle Dzakula, General Manager Addval

A selection of 1, 2, 3 and 4 bedroom apartments are selling now.

<hr>
<h2>5. RUBY, GUNGAHLIN </h2>

Year-round resort-style living

Developer: <a href="/developers/pod-projects-group">Pod Projects Group</a>

Architect: <a href="/architects/stewart-architecture">Stewart Architects</a>

32/8 Gribble Street

<figure><img alt="" class="image-article_full_width_580px" height="264" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ruby1.gif?itok=V2lb0Z4a" width="580"></figure>Ruby apartments in Gungahlin embrace resort-style living with a luxurious open-air 20-metre pool overlooking the Brindabella mountains. Residents can also enjoy the use of the alfresco barbeque and pizza oven for summer dining amongst the luscious, landscaped garden terraces. The development also features a fully-equipped gymnasium overlooking the mountainous landscape, and outdoor lounge areas for the ultimate rest and relaxation. The apartments include house-sized kitchens which are perfect for entertaining and beautiful timber flooring throughout.
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Olivia Round

Urban's top 5 luxury developments in Canberra

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The Canberra property market has been in a stable position from the end of 2018 to early 2019, according to a recent Herron Todd White (HTW) residential report. 
The report suggests most Canberra suburbs have maintained median price points for standard dwellings while medium density and unit stock has seen some small declines.
Active sections of the market include standard housing at the entry level price points in some of Canberra’s fringe and outer suburban locations.
"Generally, purchasers are looking for large blocks within established suburbs that provide access to good education and employment services," the valuation firm said. 
"Entry level price points for this style of housing range between $550,000 and $650,000."
Most homes within this section of the market provide three and four bedroom accommodation, generally 30 to 60 years old and in many cases the dwellings are ready for some renovation and upgrading.
A three bedroom house at<a href="https://www.realestate.com.au/sold/property-house-act-rivett-131793810" target="_blank"> 30 Marlock Street, Rivett</a> (pictured below) has recently been sold for $585,000.
The updated home comprises three bedrooms, separate lounge area, combined family/dining room, and kitchen overlooking the rear garden. 
It's within walking distance to shops, public transport and the local oval. 
<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/2019/9/25/rivett%20.jpg" alt="">
"Inner suburban locations in Canberra’s north and south set a higher price point, generally $1 million plus. This section of the market is also relatively stable with families looking to move on the property ladder with their second or third acquisition," the valuation firm added. 
"Again block size, location and proximity to schools and other services are the main drivers. This section of the market ranges from $1 million to around $3 million."
A recent over $1 million sale was a three bedroom townhouse in Turner. 
The north facing townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-act-turner-131657854" target="_blank">2/13 Holder Street </a>(pictured below) has been sold for $1.2 million. 
It comes with four bedrooms, three full bathrooms, separate lounge, wine cellar, dual courtyards and double garage. 
<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/2019/9/25/turner%20.jpg" alt="">
Market activity for property in the $3 million plus price point is slower, with buyers generally more discerning.
The report notes location, block size, build quality and level of inclusions are major factors influencing this section of the market.
Price points in the medium density unit market range from $200,000 to $275,00 for a one bedroom unit recently constructed in a fringe Town Centre location to $400,000 to $500,000 for a centrally located unit in Canberra’s inner north or inner south.
"Both investors and owner- occupiers are active, however strong supply within the medium density market has had an impact on activity.
"Being in close proximity to or directly in Town Centres including Tuggeranong, Woden, Canberra City, Belconnen or Gungahlin is important for rental return, low vacancy and potential future growth." 
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Most Canberra suburbs maintaining their median price points: HTW residential 

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EXPERT OBSERVER
Canberra continues to show the solidity for which it is renowned, with most suburbs having recorded growth in their median house prices in the past year. While many city markets stumbled or stalled in the first half of 2019, Canberra retained its “steady as she goes” course and continues to deliver growth.
While the generalised data (one figure to describe an entire city) suggests little or no growth in Canberra prices, the more in-depth analysis conducted by Hotspotting tells a different story. Almost two-thirds of Canberra suburbs have recorded growth in their median house prices in the past 12 months.
The national capital is undoubtedly one of the steadiest markets in the nation – underpinned by the strongest real estate economy in capital city Australia. 
The ACT is consistently ranked No.3 or No.4 by CommSec in its quarterly State of the States report; as an economy it usually ranks ahead of all states/territories except Victoria and NSW. It ranks among the top two or three in CommSec’s latest report on housing finance, business investment, unemployment and retail trade.
The latest ABS data shows the ACT ranks second in the nation on population growth, close behind Victoria. Its unemployment rate is consistently the lowest in the nation. 
Its vacancy rate of 1.2% compares with the national average of 2.2%. Rents show consistent uplift and there is evidence of solid price growth in most parts of the Canberra market.
Long-term growth figures published by CoreLogic show Canberra house prices have increased 231% in the past 20 years, compared with 202% in Sydney and the national average of 197%.
Canberra is the Australian real estate embodiment of the “slow and steady wins the race” scenario.
Since the start of 2015, demand has been trending upwards in Canberra. It hasn’t been a dramatic rise and there have been a few minor ups and downs - but over four years the graph depicting demand in the market has trended north.
And the price data supports that. Our suburb-by-suburb analysis shows that 64% of suburbs have recorded increases in their median house prices in the past year: 19 suburbs have grown their median house prices by more than 5% and another 19 have grown by less than 5%. Only seven suburbs have decreased by more than 5%.
Price growth leaders include O’Connor (up 20% to $1,260,000), Calwell (up 14% to $630,000) and Duffy (14% to $730,000). Theodore ($580,000), Holder ($680,000), Latham ($595,000) and upmarket Yarralumla ($1,560,000) all have recorded annual growth of 12-13%.
In terms of sales activity, strong markets are found right across the ACT. As we often find, the strongest demand is in the northern suburbs: both the Belconnen and Gungahlin districts have multiple growth suburbs.
The Tuggeranong district is emerging steadily as a precinct with good growth markets. Suburbs with growing sales momentum include Calwell, Chisholm, Monash and Theodore – all of which have recorded median price growth above 5% in the past year.
The Inner North, Inner South and Woden Valley districts all have growth markets.
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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Canberra undoubtedly one of the steadiest property markets in Australia: Hotspotting's Terry Ryder

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2019 has seen vacancy rates continue to tighten for A-grade office stock in the nation’s capital, having fallen to 5% from 5.4% in the six months to July 2019 and having already decreased from 8.6% for the six months prior to that, according to the latest report from Herron Todd White.
The property valuation firm found, absorption of A-grade stock has continued to improve, primarily for property in close proximity to the CBD and predominantly by Commonwealth government departments.
While the supply level for premium office stock is currently tight, new stock coming on-line in 2020 and 2021 will relieve this pressure and potentially offset any significant rental growth experienced currently, especially in the premium sector.
Notable office development currently taking place within the CBD includes Amalgamated Property Group’s Civic Quarter, situated alongside the Northbourne Avenue development corridor with direct exposure to the light rail system. 
The report notes, "While there has been very strong interest in the above both government and corporate tenants alike, demand for office space certainly exists outside of the CBD."
"An example of a significant sale transaction is 16-18 Mort Street, Canberra City in June 2019 for $108.5 million. The property was constructed in 1992 and features a total of 14,506 square metre B-Grade office space."
"The continued popularity and growth of co-working spaces and buildings with shared facilities to satiate an ever growing mobile office population that demands more flexible spaces coupled with a move towards smarter more energy efficient buildings will see an increased proportion of current B-grade stock undergoing substantial refurbishment and modernization in order to stay competitive and garner local and offshore investment interest," it concluded.
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Canberra vacancy rates tighten for A-grade office stock: HTW Commercial

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The latest figures from the Australian Bureau of Statistics show the value of new loans to investors (excluding refinancing) across Australia jumped by 4.7% in July – the highest monthly gain since September 2016.
On the east side of the country, Canberra led the way with a 22% spike in the value of loans from June to July, followed by Queensland at 8.1%, Victoria at 5.7% and NSW at 2.0%. 
<a href="http://www.switzer.com.au/the-experts/john-mcgrath-property-expert/" target="_blank">John McGrath told Switzer readers</a>, "my best piece of advice for property investors is to buy quality and focus on location and aspect." 
"Go for a quality property in a great street, in a desirable neighbourhood, with plenty of amenities such as cafes, shops and public transport. These properties might cost a bit more, but you’ll get better capital gains."
"I also recommend drive-by investing – purchasing in a suburb close enough to home or work so you can get to your property easily."
"In terms of locations, I think a good strategy is buying close to new infrastructure. There is so much building going on and this is creating opportunities for investors to capitalise, especially in areas where prices have fallen during the downturn," he added.
As an example of buying close to new infrastructure he analysed the impact of the Canberra Metro light rail.
Impact: The 13-station light rail line connects the city with the inner north and outer north Gungahlin region. Services run every 6 minutes in peak hour. The suburbs with stations include Braddon, Turner, Dickson, Lyneham, Downer, Watson, Harrison, Franklin and Gungahlin.
Opportunity: Great time to buy along the line, targeting properties within a 10-minute walk of stations. Median prices in Franklin, which has three stations, peaked in 2017 at $748,500 for houses and in 2015 at $409,500 for apartments, according to Hometrack Australia data. The medians today are $683,500 and $367,250 respectively, according to CoreLogic.
Closer to the city in Lyneham, the median price has dipped from $860,000 in 2017 to $756,000 today for houses and from $456,500 in 2015 to $395,000 today for apartments.
Prediction: CoreLogic-Moody’s Analytics predicts 9.2% growth for houses and 8.2% for apartments across Canberra over CY20 and CY21.
He also looked at the latest <a href="/expert-insights/investing/melbournes-16-billion-north-east-link-freeway-is-an-investor-opportunity-john-mcgrath">Melbourne</a>, <a href="/expert-insights/investing/residential-property-near-brisbanes-cross-river-rail-pinpointed-as-investor-opportunity-john-mcgrath">Brisbane</a> and <a href="/expert-insights/investing/john-mcgrath-suggests-investors-buy-within-10-minutes-of-sydney-metro-north-west-train-stations">Sydney</a> infrastructure developments and the impact they have had and will continue to have.
JOHN MCGRATH is the Founder &amp; Executive Director of McGrath
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Canberra investors lead in loans, where should they buy? John McGrath

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The Midnight Hotel is set to open in Canberra in September following a Marriot International signing with Iconic Hotels.
Midnight Hotel will be a part of Geocon’s $200 million residential and commercial development in Braddon, central Canberra, open in September as an Autograph Collection hotel.
It will be the second hotel for the brand to open in Australia, following the recently renovated Pier One Sydney Harbour, Autograph Collection.
“This deal marks a significant milestone for us since it will be our first in the capital of Australia,” said Richard Crawford, Senior Director, Hotel Development, Australia, New Zealand and Pacific, Marriott International. “We look forward to working closely with Iconic Hotels to bring this hotel to this market.”
Each guest room will feature a bespoke commissioned piece of artwork by international artist and architectural designer, Thomas Bucich.
The hotel will also include facilities such as a restaurant, bar, indoor swimming pool, wellness centre, conference and event spaces and a guest lounge.
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Marriott International to open first Canberra hotel

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The ACT housing market has not changed much over the past six months, according to a recent Herron Todd White (HTW) residential report. 
The report suggests that the value of houses and land has likely seen little growth, owing to an overall lower demand for property arising from various external factors such as the difficulty in obtaining finance.
"Demand is still reasonably strong for entry level houses in the $450,000 to $600,000 range and we would consider this property type to be performing the best," the valuation firm said. 
A recent sale in this price range was a three bedroom house (pictured below) situated within walking distance to the CBD. 
The house at <a href="https://www.realestate.com.au/sold/property-house-nsw-queanbeyan-131628918" target="_blank">5 Hambly Place, Queanbeyan</a> has been sold for $475,000.
It comprises three bedrooms updated kitchen, separate dining and single lock up garage. 
<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/2019/8/20/queanbeayn.jpg" alt="">
Demand has remained steady for the mid-point priced houses in the $600,000 to $1 million range.
The prestige market ($2 million plus) remains steady. Prestige dwellings are changing hands, but not at an extraordinary rate.
The supply of units remains high and demand remains steady.
Unit and apartment values have retracted or remained steady over the past six months due to the quantity being offered to the market, especially in the outer suburban areas where demand is generally lower.
"Supply is highest for the one-bedroom product that is being offered at a very high rate in new complexes, while the market for two, three and four-bedroom units is more steady and secure," the valuation firm said. 
The price point for most one-bedroom units is between $275,000 and $400,000 depending on location, size and quality of inclusions.
The report notes most two-bedroom units are selling for between $300,000 and $550,000, again depending on location size and quality of inclusions.
A two-bedroom apartment located at <a href="https://www.realestate.com.au/sold/property-apartment-act-forrest-131627154" target="_blank">95/5 Empire Circuit, Forrest</a> (pictured below) has recently been sold for $530,000. 
It consists of two bedrooms with built-in robes, open plan living, kitchen and balcony. 
The apartment is within walking distance to the Manuka precinct with shopping and restaurants, Parliament House and Telopea Park.
 <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/2019/8/20/forrest.jpg" alt="">
Units with more than three bedrooms are often sold for above $550,000, with some units selling over the $1 million mark in well located, reputable complexes.
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Canberra sees strong demand for entry level houses: HTW residential 

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The Canberra industrial market had been stable prior to the election in May 2019, however there are glimpses of increased activity which suggest the start of a recovery cycle, according to the latest report from Herron Todd White (HTW).
The property valuation firm found commercial agents are reporting increased activity on the back of a stabilising residential market and improved consumer confidence.
The ACT government’s Four Year Indicative Industrial Land Release Program is based on the current level of demand for industrial land.
The program is intended to achieve a number of objectives, but in essence it is to increase the ACT government’s responsiveness to market changes by developing an inventory of land stock, where serviced industrial sites are available for immediate release.
Land will be available across new estates in Symonston (2020-21), Fyshwick and Majura Valley (Pialigo, 2021-22) as well as Hume.
The program aims to release 110,000 square metres over the next four years.
"Queanbeyan continues to provide a desirable option for owner-occupiers in the market, as increasing municipal rates in the ACT continue to discourage activity," the report said. 
"A Legislative Assembly committee is currently conducting a formal inquiry into the commercial rating system and has made numerous recommendations; the long-term effects from this are yet to be determined.
"Investors and owner occupiers are currently attracted to the small scale industrial market, particularly for superannuation purposes and also to have an asset that has potentially appreciating value and the ability to provide collateral for borrowing power.
"The outlook for the remainder of 2019 is for much of the same, namely growth and increasing activity on the back of a stable residential market and political climate.
"Industrial leasing demand is improving, however rents remain stable generally with a continued need for incentives.
"Further proposed rate cuts will have an impact on the market in the long term and some rental growth may be observed when tenant demand levels increase and sales activity begins to soften.
"The outlook for the Canberra and Queanbeyan industrial market is for increasing take-up levels over the next 12 months."
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