Joel Robinson

Sydney's top 15 new apartments developments set to launch in 2026

Developer-builder <a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a> has pushed beyond the now-standard inclusions of rooftop pools and landscaped podiums at its recently launched new Epping project, Senso.

It has laid out over 4,000 sqm of resident-only amenity in a move designed to compete directly with low-density housing on livability, not just density. The result is a development that supports genuine daily use through purposeful spaces distributed across its five-building, 479-apartment precinct.

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Two rooftop pools form the anchor of Senso. One is a 27-metre lap pool adjoining a heated spa, designed for everyday fitness rather than just summer leisure. The second sits on a lower podium, allowing different buildings to share in vertical access and reducing crowding during peak times.

It is the secondary spaces that start to distinguish Senso from other large-scale suburban projects. A rooftop cinema is integrated into a landscaped terrace, offering open-air screenings with natural ventilation and passive cooling.&nbsp;

The inclusion of a “sensory walk”, an elevated boardwalk that threads through the site, suggests a rare investment in non-commercial, non-essential amenity: space for quiet movement that doesn’t double as access or traffic circulation.

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The gym and wellness centre, often relegated to a small ground-floor room in many builds, takes on more substance here. Residents have access to a fully equipped gym, as well as outdoor yoga areas and meditative zones that integrate greenery and natural light.&nbsp;

The Club Lounge is similarly designed to support multiple use cases, with a private dining terrace, kitchenette, workspace, and lockable wine storage. These aren’t superficial additions; their scale and spatial allocation indicate serious intent for frequent resident use.

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Importantly, Senso’s amenities are embedded within a site that spans more than 10,000 sqm, allowing for better separation between spaces and reduced noise spillover, a critical but often overlooked factor in high-density developments. This spatial generosity also enables multiple alfresco kitchens and communal terraces without compromising individual privacy or usable space.

While many developments make claims about lifestyle, few back it with this level of built infrastructure. Senso’s mix of dedicated fitness, wellness, social and passive green spaces suggests a conscious response to the post-pandemic shift in housing expectations, especially among owner-occupiers.&nbsp;

DASCO is one of several leading developers who have taken out Resilience Insurance's Latent Defects Insurance policy, providing buyers with a 10-year structural and waterproofing warranty, and giving them the ultimate peace of mind.

Senso is scheduled for completion in late 2028.

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Staff Writer

The outdoor amenities elevating life at Senso, Epping

Following the proposal by the Minns Labor Government to rezone Parramatta Road to create up to 8,000 new homes, prominent developer Ceerose has gone to the NSW Gov to increase the density of its new mixed-use residential building in Leichhardt.

<a href="https://www.apartments.com.au/builders/ceerose">Ceerose</a>, founded by Edward Doueihi nearly three decades ago, has filed plans for 154 apartments above ground-floor retail at 307-315 Parramatta Road, a key corner site near Norton Street, the main high street strip in Leichhardt.

It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="ba1ae75b-5f08-43fb-b8d5-3de6d9f6ef71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.39%E2%80%AFAM.png?VersionId=yA3hBBLPH4ev7MsAE0_hieXeqiFqBUb7" />

The project is being advanced through the State Significant Development (SSD) pathway, with concurrent rezoning sought to facilitate the proposal. The 10-storey development would rise over a four-level basement and deliver two retail tenancies, one a larger-format offering and the other a smaller “hole in the wall” space, addressing the Parramatta Road frontage. 21 of the apartments are dedicated as affordable housing.

According to the Urban Design Report by Architecture AND, the scheme includes a podium and tower configuration, with a fine-grain, two-storey parapet street wall that references the traditional shopfront rhythm along the corridor. “An elegant tower form is proposed, combined with a characterful two storey frontage... articulating it as two related buildings, providing consistency with the rhythm and grain of Parramatta Road,” the report notes.

The residential component is split across two slender towers set back from the street edge, a design move aimed at preserving solar access and reducing perceived bulk. This massing strategy also seeks to improve residential amenity by focusing scale toward the quieter northern interface, away from Parramatta Road’s noise and pollution.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="347f2f8f-5d36-4388-b40a-2e77380b9c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.02%E2%80%AFAM.png?VersionId=xvyUE2ujT1lzivXTo.mHBJFF4SmfgLtz" />

Architecture AND has worked with Ceerose on previous Inner West projects, and cites a deep familiarity with the local character. Their design draws heavily on context, heritage, and sunlight access considerations, and engages with the Inner West Council’s “Our Fairer Future” strategic planning framework.

The site spans 2,712 sqm and is located near key intersections with Catherine Street, Hay Street, and Redmond Street. It adjoins a public carpark to the north and is within walking distance of Stanmore and Petersham stations. It is also flagged in state and local planning strategies, including the Parramatta Road Corridor Urban Transformation Strategy, as a suitable candidate for increased density.

Ceerose recently completed The Alex Collective on McEvoy Street in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay.

The Parramatta Road corridor is coming to life with the proposed rezoning which is serviced by a significant number of bus, light rail and train routes.

Deicorp is progressing with its $1.8 billion <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> precinct on Parramatta Road in Five Dock, as is <a href="https://www.apartments.com.au/news/nsw/toga-to-push-on-with-five-dock-mixed-use-masterplan">TOGA further down the street</a>. Those two projects alone will bring nearly 2,000 new homes to Parramatta Road.

First look: Ceerose plots mixed-use Leichhardt development on Parramatta Road

North Sydney's landmark 'SBS Building' on Alfred Street is set to be demolished to make way for a new mixed-use residential tower in the booming North Sydney.

Commercial property group FiveX is behind the plans for a <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">39-storey tower</a>, the latest project to advance under the NSW Government’s Housing Delivery Authority pathway.

They are proposing 184 apartments above retail spaces, which will replace the existing 20-storey commercial building. FiveX was set up more than five decades ago by Joshua and Marko Berger. It is currently led by Joshua's son Lesli.&nbsp;

<img alt="First look: Fivex plans 39-storey residential tower at 275 Alfred Street, North Sydney" data-entity-type="file" data-entity-uuid="2efa0980-53fa-4cca-9f9e-9c3c845d4746" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29%20%281%29_0.png?VersionId=y_YyPMq3NQLfYRs84pP4os9UgWiMLp75" />

According to the Architectural Design Report by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>, the slender tower form has been deliberately designed to respect the site's transitional setting at the southern gateway to the North Sydney CBD, where high-rise towers give way to lower-scale residential precincts.

"The slender tower form and articulated podium establish a respectful relationship with nearby heritage and low rise buildings, including the Whaling Road Heritage Conservation Area,” the architecture firm noted, adding that the tower “completes a missing link in the urban fabric” while enhancing the Alfred Street streetscape.

The proposed building will include a mix of one-, two- and three-bedroom apartments, with 15 percent of the gross residential floor area allocated as affordable housing. There is an agreement already in place that those apartments will be managed by Evolve Housing.

The project aligns with broader state housing objectives, including the National Housing Accord target of delivering 1.2 million new homes by 2029. The Scoping Report filed with the State Significant Development Application (SSDA) suggests the site "presents no impediments to rapid delivery,” with construction able to commence within 12 months of receiving consent.

North Sydney has been one of the most popular suburbs in Sydney for new and off the plan apartment development, but hasn't had the supply to keep up with demand, until recently.

AURA by Aqualand was, for a long time, the only off the plan apartment building on the market. That completed last year, and has sold the majority of its 386 luxury apartments. Recently ALAND launched <a href="https://www.apartments.com.au/new-apartments/the-walden-173-179-walker-street-north-sydney-nsw-2060">The Walden</a> on the same street, selling over $100 million within just a few hours of its launch, while developer CASA also launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>&nbsp;in the same precinct.

First look: Fivex plans 39-storey residential tower in booming North Sydney

Kokoda Property Group has announced the Sydney-based Versatile Construction as the builder for its landmark $1.5 billion <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> precinct.

Construction of the 17,612 sqm site is scheduled to commence in December 2025 and is expected to be delivered in stages from 2028. Once complete, <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> will comprise 212 residences across four architecturally distinct buildings, alongside Brisbane’s first Kimpton Hotel, extensive retail, hospitality, and wellness amenities.

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Kokoda Property Group Founder and Managing Director, Mark Stevens, said appointing Versatile Construction marks a significant milestone for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“Partnering with Versatile Construction gives us confidence in delivering a precinct that sets a new benchmark for luxury living, curated experiences and vibrant riverfront activation," Stevens said.

"Together, we will bring the vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> to life, creating a destination that residents and visitors will enjoy for generations."

Throughout the construction phase, more than 2,000 jobs will be created, supporting hundreds of local contractors and suppliers.

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Marco Fahd, Chairman &amp; CEO at Versatile Group, said the company is looking forward to&nbsp;expanding their footprint in the state, taking on their inaugural project in Brisbane.

"We are proud of the unwavering commitment our team of experts have to quality and certainty in delivery and are excited to work with Kokoda to bring their vision for this unique project to life," Fahd says.

Sales reached $285 million on the launch of <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>, with sales momentum continuing to "exceed all expectations."

Stevens says the overwhelming response from buyers validated the group’s vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“The demand for a luxury product in this enclave has been extraordinary, we’ve never seen anything like it before. It reinforces everything we’re doing around quality, design, and creating genuine lifestyle precincts. Buyers are recognising the enduring value of Brisbane’s riverfront and are responding to the opportunity to live within a world-class destination that celebrates both place and lifestyle.”

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Kokoda appoints builder for $1.5 billion Teneriffe Banks waterfront precinct

Coburg

One Coburg Quarter,&nbsp;the first building within the&nbsp;new Coburg masterplanned community, has been designed as a cultural focal point for the north of the precinct.

Comprising 125 one and two-bedroom apartments, the development sits within Future Estate&#39;s&nbsp;$1 billion project on Urquhart Street.

Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg, taking shape around the old Pentridge prison and its signature bluestone.

[smartcode_project:default project_id=3783 project_image_fid=144842]

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&ldquo;Inspired by its context, the strong horizontal manifestation of the&nbsp;bluestone and mortar courses is reflected in the articulation and&nbsp;expression of the new fa&ccedil;ades&rdquo;, the architects said.

Remnants of the 19th century Pentridge buildings, the bluestone borders the site on three sides and harmonises the old and the new.

&ldquo;Drawing inspiration from the iconic boroughs of New York City and London, our vision for Coburg Quarter is of a new urban com​munity with soul, creativity and a genuine sense of neighbourly spirit&rdquo;, Future Estate managing director, Ben Anderson, noted.

Though while it has a reverence for the mixed-use precincts that help to define these international cities, Coburg Quarter&rsquo;s identity is truly &ldquo;Northside,&rdquo; a natural extension of Brunswick, Northcote and Fitzroy.

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Passing through the heritage walls, residents will entire a landscaped courtyard into a living lobby, designed to be synonymous with a&nbsp;luxury hotel.

Communal and garden spaces on ground level, and a sky garden on level eight complements the European-style central square aimed to engage with the broader community.

The project will integrate residential and commercial aspects, with future development plans for a new hospital and aged care.

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Spacious floorplans characterise the One Coburg Quarter homes, capturing incredible views and maximising light through full-height windows and clever design.

Its sculptural form extends from its fa&ccedil;ade into its communal areas, with the rooftop space featuring sculptural forms that contrast the robustness of the older heritage fabric.
</div>

Offering 148 apartments, the multi-unit development boasts enviable amenity, including residents bar, lounge, library and roof garden.

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Buyers can feel at ease knowing their home is soon to be a part of the comprehensive Coburg Quarter masterplan, connecting Melbourne&rsquo;s northern hub to the future.

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Masterplanned by Rothelowman, the design response references the colourful industrial past of Coburg

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Design brief: How the Rothelowman-designed One Coburg Quarter came together 

One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

The contemporary eight level&nbsp;building is being constructed on the&nbsp;historic site was once the Pentridge Prison, with the heritage bluestone walls used by renowned architecture firm Rothelowman as part of the facade.

The residential tower homes just 125 one and two bedroom apartments, priced from $351,000.

The&nbsp;multi-faceted masterplan has been designed with the community in mind.

A European-style central square complemented by a new high street, offering an exciting range of restaurants, cafes, bars, retailers and public spaces will form the civic and cultural focal point.

Urban has taken a look at five reasons why One Coburg Quarter should be on a buyer&#39;s shortlist.

[smartcode_project:default project_id=3783 project_image_fid=144842]

1. The Developer

Future Estate has been developing property since 2009 when it was founded by its managing director Ben Anderson.

Currently they have two Bundoora projects, Botanic at Parc Vue, the 407 apartment block, and Parc Vue Bundoora, neighbouring Bundoora Park.&nbsp;

Future Estate prides themselves on a more &#39;full circle&#39; approach to property and its management, rather than the typical development only approach.

[smartcode_project:default project_id=3783 project_image_fid=28884]

Future Estate then seeks to maintain ownership of specific, strategic assets once developed, and then manages the real estate requirements as each project reaches completion.

Such management services include owners corporation, building manager and concierge services, hotels and serviced apartments and hospitality venues.

2. The Architect

One Coburg Quarter has been designed by the renowned architecture firm Rothelowman.&nbsp;

They call 1851-built Pentridge Prison a stunning Australian treasure due to its bluestone construction which has held for for 170 years.

&quot;Echoing the rhythm and language of the historical prison structures, One Coburg Quarter is inspired by the past, yet designed for tomorrow&quot;, Rothelowman note.

[smartcode_project:default project_id=3783 project_image_fid=144846]

It was inspired by the unique character of Coburg and a reverence for historic mixed-use precincts in New York City and London.

&quot;Coburg Quarter will have a village feel in an urban context. It will be a natural extension of Melbourne&rsquo;s celebrated northern suburbs such as Brunswick, Northcote and Fitzroy.&quot;

3.&nbsp; The Location

Coburg has long been admired for its multicultural heritage, and culture of community and family. With Sydney Road at its heart, the suburb has gentrified considerably in recent times, however, still very much retains its heritage and relaxed atmosphere. A short stroll down Sydney Road illustrates a community and village vibe that can&rsquo;t be matched in Melbourne.

Rated a 9/10 for walkability, everything is within close reach in Coburg. From up-to-the-minute cafes, restaurants, bars and nightlife, to quality basic amenity such as supermarkets, One Coburg Quarter has it all within walking distance. But delve deeper and you&rsquo;ll find little gems such as the weekly farmer&rsquo;s market at Coburg Primary School and Mediterranean Wholesalers, a wonderful continental market.

Coburg lies within a transport &lsquo;hot spot&rsquo;, offering residents multiple ways of moving around Melbourne. Just a 30-minute tram ride from the CBD, Coburg is also serviced by trains and buses, making it a cinch to get around. If driving is your thing, Sydney road is a major arterial in the north, connecting Coburg to the CBD and neighbouring northern suburbs. What&rsquo;s more, Coburg is a mere 20-minute drive from Melbourne&rsquo;s Tullamarine Airport.

4. The Apartments

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens featuring&nbsp;mirrored splashbacks, integrated appliances and four-burner gas hobs, as well as&nbsp;Matte black tapware and minimalist sinks.

[smartcode_project:default project_id=3783 project_image_fid=144840]

The living areas feature pale timber flooring and are filled with plenty of natural light.

The bathrooms also exude style &ndash; with matte black fittings, integrated vanity storage and LED lighting.

5. The Amenities

Residents at One Coburg Quarter will enjoy communal indoor lounge and dining areas that open to an outdoor rooftop terrace with landscaped plans, outdoor seating and a barbecue.

[smartcode_project:default project_id=3783 project_image_fid=144843]

The terrace will have a panoramic view of the Melbourne skyline.

Want to know more?&nbsp;Check out the <a href="/news/vic/display-tour-one-coburg-quarter-by-future-estate-in-coburg-vic">display tour here</a>.

&nbsp;

One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

Why One Coburg Quarter should be on a buyer's shortlist

One Coburg Quarter is set to be the newest sought-after address in the north Melbourne suburb when it is completed next month.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, with residents moving next month after a three and a half year build.

Here are 7 things we love about the&nbsp;soon to be completed&nbsp;One Coburg Quarter:

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<h2>1. Delivered by a forward thinking&nbsp;developer</h2>

Future Estate&nbsp;is a Melbourne based property development firm with a forward thinking mindset.

With over $1billion worth of projects under development and a portfolio spanning the eastern seaboard of Australia, Future Estate is one of the country’s most progressive privately-owned developers.

They are currently focusing on Parc Vue with the recently completed Parc Vue at Bundoora and Botanic At Parc Vue underway.

<h2>2. Designed by&nbsp;award winning&nbsp;Architecture firm Rothelowan</h2>

With an&nbsp;intelligence-driven approach has recognised for creating high-quality, innovative designs across a range of sectors and project types, Rothelowman has done a stellar job at One Coburg Quarter.

Managing not only a stunning facade that incorporates the bluestone walls which were once part of the Pentridge Prison that was on the site but also creating a village feel in an urban context.

Other works the award winning firm is involved in at the moment include, Canvas, Hawthorn Park and Port Lane.

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<h2>3. Historical Significance</h2>

One of the most unique elements of One&nbsp;Coburg Quarter&nbsp;is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Her Majesty's Prison Pentridge&nbsp;was an&nbsp;Australian&nbsp;prison that was first established in 1851 and was closed in&nbsp;1997. One&nbsp;Coburg Quarter&nbsp;developer&nbsp;Future Estate&nbsp;bought&nbsp;site for $4 million in 2014 and sold it for $12.8 million in 2017.&nbsp;Future Estate&nbsp;retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.

<h2>4. Location Location Location</h2>

Ideally placed to take advantage of both the&nbsp;city just a short commute away as well as more local secrets.

One&nbsp;Coburg Quarter&nbsp;has a 9/10 walk score, with a fantastic selection of shops, cafes, parks and public transport at your doorstep.

Rising on&nbsp;Urquhart Street, Coburg is surrounded by the old Pentridge Prison site, Coburg Town Hall, the farmers market and a multitude of eclectic cafes and restaurants.&nbsp;

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<h2>5. Amenities on offer</h2>

Some of the luxuries on offer in the development include&nbsp;access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

Supermarkets, cafes, schools, medical clinics and multiple public transport options are just a few short steps from your front doorstep.

Plus just a couple hundred metres away are a choice selection of primary and secondary schools.

<h2>6. Timeless Design</h2>

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens. Mirrored splashbacks, integrated appliances and 4-burner gas hobs can be found in all kitchens. Matte black tapware and minimalist sinks, add a sense of timeless modernity.

The living areas feature pale timber flooring and are filled with plenty of natural light. The open plan layout gives you the flexibility to customise the space to your liking and entertain with ease.

The bathrooms also exude style – with matte black fittings, integrated vanity storage and LED lighting.

[smartcode_project:default project_id=3783 project_image_fid=28884]

<h2>7. Affordable Priced&nbsp;</h2>

There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.

The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, so don't miss out

jordan_55689

Seven things Urban love about One Coburg Quarter

One Coburg Quarter is set to be the newest sought-after address in the north Melbourne suburb when it is completed in a few months.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a limited number of its one and two bedroom apartments left, with residents moving in in May after a three and a half year build.

[smartcode_project:default project_id=3783]

One of the most unique elements of One Coburg Quarter is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Her Majesty's Prison Pentridge&nbsp;was an&nbsp;Australian&nbsp;prison that was first established in 1851 and was closed in&nbsp;1997. One Coburg Quarter developer Future Estate bought&nbsp;site for $4 million in 2014 and sold it for $12.8 million in 2017. Future Estate retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.

There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.

The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.

<a href="/buildings/one-coburg-quarter-11-urquhart-street-coburg"><img alt="" data-entity-type="" data-entity-uuid="" height="558" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one_coburg_living_room.jpg" width="1200" /></a>

The two bedroom apartments, with 65 sqm of internal space, are priced from $541,000 with one bathroom, parking and a storage cage.

There are only five of the biggest two bedroom apartments left, with prices starting from $629,999.

Each apartment features a gas kitchen&nbsp;with stone benches, European stainless steel appliances and Matt black tapware.

Residents of One Coburg Quarter&nbsp;will have access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

&nbsp;

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One Coburg Quarter is located on the site of the former Pentridge Prison, with the development incorporating the bluestone walls.

Find out the reason buyers are snapping up the final apartments in the nearly completed One Coburg Quarter

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A Sydney-based private investor with an overseas partner, has outlaid $21.3 million for a Woolworths anchored shopping centre at Coburg.
The strata-titled Coburg Hill Shopping Centre was sold with a WALE of 11 years including 14 years remaining on the Woolworths lease which accounts for 72% of the centre’s 4419 square metres GLA.
The sale was made on a passing yield of 6%.
The Centre is 97% leased with a net passing income of $1.28 million from Woolworths and the seven specialty stores including Degani and Regency Pharmacy.
According to CBRE’s Victorian Retail Investments team lead by Justin Dowers, Kevin Tong &amp; Lewis Tong the transaction represented an extremely good deal given the strata title nature of the holding.
The sale follows that of the Woolworths Group owned Keysborough South Shopping Centre which last month sold to a local investor for $33.13 million.
The property attracted 11 offers including locally based Chinese investors before the current lockdown.
Mr Dowers said the sale provided further evidence that investors continue to seek safe havens in assets underwritten by long term leases to non-discretionary spend tenants.
“This is the second sub $50 million shopping centre sale in Victoria, post COVID-19, and both have attracted significant interest from a range of local and off-shore buyer groups.
“Investors are obviously demonstrating that they have a good appetite for this sort of stock and that should give institutional owners confidence in their sub $50m retail holdings around the country,” Mr Dowers said.
The average yield of the last 10 Victorian neighbourhood centre sales is 6.15%.
<a href="https://www.propertyobserver.com.au/images/2020/6/12/Screen%20Shot%202020-06-10%20at%2012.25.20%20pm.png" target="_blank">Click here </a>to enlarge: 
<img src="https://www.urban.com.au/images/2020/6/12/Screen%20Shot%202020-06-10%20at%2012.25.20%20pm.png" alt=""> 
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Coburg shopping centre sold for $21.3 million

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The Victorian State Government has awarded the contract, valued at $542.4 million, to an alliance of John Holland Group, Kellogg Brown &amp; Root and Metro Trains Melbourne to remove four level crossings and rebuild two stations on the Upfield railway line in Melbourne's north.

Renders and the overall design for the upgrade to the railway corridor were released in August and both stations to be rebuilt will be elevated above the current rail grade.  Similar to the Caulfield-Dandenong corridor, with the elevate of the railway lines, community spaces will be provided underneath the tracks.

Bell Street, Munro Street, Reynard Street and Moreland Road are the four level crossings that will be removed.

Minister for Transport Infrastructure, Jacinta Allan, is reported to have said to the Herald Sun the corridor is one of the narrowest in Melbourne and will require an extended occupation period.

Further investigative works and service relocations are scheduled to ramp up in the short term with major works beginning next year that will include a construction blitz that will shut down the rail corridor for three months.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="450" scrolling="no" src="https://www.youtube.com/embed/7BEDJbszWvo" width="100%"></iframe>

As part of the community space improvements, the congested Upfield bike path will see an upgrade as well as a new pedestrian path added underneath the railway line.

The alliance that has been awarded the contract is also removing the High Street level crossing in Reservoir.  Like the soon-to-be-rebuilt Moreland and Coburg stations, Reservoir station will be elevated above the existing road level.

<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/east-end-entry.jpg" rel="gallery-all" title="The new Reservoir station currently under construction. Image: Level Crossing Removal Authority"><img alt="" class="image-article-full-width-580px" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/east-end-entry.jpg?itok=nzT5pSB6" title="The new Reservoir station currently under construction. Image: Level Crossing Removal Authority" width="580"></a>

<figcaption>The new Reservoir station currently under construction. Image: Level Crossing Removal Authority</figcaption></figure>The inner-north region of Melbourne, predominantly centred on the City of Moreland is also home to the highest number of bicycle commuters thanks to the extensive off-road and on-road bike lanes leading to the adjacent City of Melbourne.

Coburg and Brunswick are two of Melbourne's redevelopment hotspots with both suburbs registering over 100 apartment and townhouse projects in the pipeline. <a href="/developments/coburg-vic-3058">Coburg is registering 38</a> new projects on Apartments.com.au's database, <a href="/developments/brunswick-vic-3056">Brunswick has 76</a>.  

If you expand the search parameters to include to both <a href="/developments/brunswick-east-vic-3057">Brunswick East</a> and <a href="/developments/brunswick-west-vic-3055">Brunswick West</a>, the total number for all three 'Brunswicks' expands to 143 apartment and townhouse projects in the pipeline.

<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/519-537-sydney-road-coburg-cbc83648268f96d2d96be4ee646d9065.jpg" rel="gallery-all" title="519-537 Sydney Road, Coburg."><img alt="" class="image-article-full-width-580px" height="354" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/519-537-sydney-road-coburg-cbc83648268f96d2d96be4ee646d9065.jpg?itok=4aWGfcrG" title="519-537 Sydney Road, Coburg." width="580"></a>

<figcaption><a href="/new-apartments/519-537-sydney-road-coburg">519-537 Sydney Road, Coburg</a>.</figcaption></figure>In the long run, the Upfield corridor is likely to see other infrastructure changes that are linked to future railway projects in the area.

Namely, the Suburban Rail Loop's second phase will see a station interface with the Upfield line to the north of Coburg and also plans leaked to the media prior to the November 2018 state election show the Upfield line extending to Wallan via Roxburgh Park.

Bell Street, Munro Street, Reynard Street and Moreland Road level crossings are all set to be removed by late 2020 and the new open space will be ready in 2021.
</body></html>

Alastair Taylor

$542.4 million contract signed for level crossing removals in Melbourne's north

In stark contrast to our growing database of <a href="/news/top-20-sydney-suburbs-with-the-largest-development-pipeline">Sydney projects</a>, Melbourne's been in <a href="/">Apartments.com.au's</a> DNA for over five years.&nbsp; And what a difference it is with postcode 3000 (actually, the suburb name Melbourne, but you know what I mean) leading the pack among the top 20 suburbs across metropolitan Melbourne with the largest development pipeline.

Not to be outdone, <a href="/new-apartments/southbank-vic-3006">Southbank</a>, home to some of the largest skyscrapers (and proposals) in the city comes in second with a 5 figure number in its development pipeline and spilling over from Southbank, <a href="/new-apartments/south-melbourne-vic-3205">South Melbourne</a> takes the third top spot.

<a href="/new-apartments/box-hill-vic-3128">Box Hill</a> and <a href="/new-apartments/doncaster-vic-3108">Doncaster</a> are two suburbs in the top 10 which stand apart from the trend of much of inner Melbourne ruling the roost and <a href="/new-apartments/brunswick-vic-3056">Brunswick</a>, <a href="/new-apartments/moonee-ponds-vic-3039">Moonee Ponds</a>, <a href="/new-apartments/coburg-vic-3058">Coburg</a> in that inner-city to middle-ring transition area are present within the top 20.

In fact, beyond the top 20, there are many middle-ring Melbourne suburbs with over 1000 dwellings in the development pipeline including <a href="/new-apartments/carnegie-vic-3163">Carnegie</a> (1602), <a href="/new-apartments/essendon-vic-3040">Essendon</a> (1527), <a href="/new-apartments/north-melbourne-vic-3051">North Melbourne</a> (1407) and <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a> (1279).

For a while I've been saying both privately and publicly, <a href="/new-apartments/footscray-vic-3011">Footscray</a> is on the same level as <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> - similar distances from the centre of Melbourne and with the rail transport to match - and lo and behold Footscray is well ahead of South Yarra's pipeline numbers at this time.

<a href="/new-apartments/collingwood-vic-3066">Collingwood</a> (2668) outstrips <a href="/new-apartments/fitzroy-vic-3065">Fitzroy</a> (1169, ranked #35) by a long margin and <a href="/new-apartments/preston-vic-3072">Preston</a> (3369) is way out ahead of all the other suburbs on the High Street / South Morang corridor.

The monster numbers at the top can be explained that the suburb 'Melbourne' applies to St Kilda Road as well as the CBD, however when we look exclusively at postcode 3000, there are still over 18,000 dwellings in the pipeline.

The number of dwellings below are&nbsp;for all projects on the Apartments.com.au project database across all four main statuses - Planning Assessment, Approved, Registration &amp; Sales and Under Construction.

Click on a suburb name to view a summary of the development pipeline for each region.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
	<thead>
		<tr>
			<th scope="col">Rank</th>
			<th scope="col">Suburb</th>
			<th scope="col">Number of Dwellings</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td>1</td>
			<td><a href="/developments/melbourne-vic">Melbourne</a></td>
			<td>20,035</td>
		</tr>
		<tr>
			<td>2</td>
			<td><a href="/developments/southbank-vic-3006">Southbank</a></td>
			<td>16,015</td>
		</tr>
		<tr>
			<td>3</td>
			<td><a href="/developments/south-melbourne-vic-3205">South Melbourne</a></td>
			<td>6573</td>
		</tr>
		<tr>
			<td>4</td>
			<td><a href="/developments/footscray-vic-3011">Footscray</a></td>
			<td>6526</td>
		</tr>
		<tr>
			<td>5</td>
			<td><a href="/developments/docklands-vic-3008">Docklands</a></td>
			<td>6276</td>
		</tr>
		<tr>
			<td>6</td>
			<td><a href="/developments/box-hill-vic-3128">Box Hill</a></td>
			<td>5645</td>
		</tr>
		<tr>
			<td>7</td>
			<td><a href="/developments/west-melbourne-vic-3003">West Melbourne</a></td>
			<td>4980</td>
		</tr>
		<tr>
			<td>8</td>
			<td><a href="/developments/richmond-vic-3121">Richmond</a></td>
			<td>4402</td>
		</tr>
		<tr>
			<td>9</td>
			<td><a href="/developments/south-yarra-vic-3141">South Yarra</a></td>
			<td>4124</td>
		</tr>
		<tr>
			<td>10</td>
			<td><a href="/developments/doncaster-vic-3108">Doncaster</a></td>
			<td>3808</td>
		</tr>
		<tr>
			<td>11</td>
			<td><a href="/developments/preston-vic-3072">Preston</a></td>
			<td>3369</td>
		</tr>
		<tr>
			<td>12</td>
			<td><a href="/developments/brunswick-vic-3056">Brunswick</a></td>
			<td>3044</td>
		</tr>
		<tr>
			<td>13</td>
			<td><a href="/developments/brunswick-east-vic-3057">Brunswick East</a></td>
			<td>2828</td>
		</tr>
		<tr>
			<td>14</td>
			<td><a href="/developments/north-melbourne-vic-3051">North Melbourne</a></td>
			<td>2793</td>
		</tr>
		<tr>
			<td>15</td>
			<td><a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a></td>
			<td>2749</td>
		</tr>
		<tr>
			<td>16</td>
			<td><a href="/developments/collingwood-vic-3066">Collingwood</a></td>
			<td>2668</td>
		</tr>
		<tr>
			<td>17</td>
			<td><a href="/developments/st-kilda-vic-3182">St Kilda</a></td>
			<td>2618</td>
		</tr>
		<tr>
			<td>18</td>
			<td><a href="/developments/port-melbourne-vic-3207">Port Melbourne</a></td>
			<td>2493</td>
		</tr>
		<tr>
			<td>19</td>
			<td><a href="/developments/coburg-vic-3058">Coburg</a></td>
			<td>1792</td>
		</tr>
		<tr>
			<td>20</td>
			<td><a href="/developments/hawthorn-east-vic-3123">Hawthorn East</a></td>
			<td>1757</td>
		</tr>
	</tbody>
</table>

Top 20 Melbourne suburbs with the largest development pipeline

<html><body>
IHG has signed a deal with Barnes Capital to open a striking Holiday Inn in Coburg, Melbourne’s up-and-coming northern suburb, in 2020. 
Holiday Inn Melbourne Coburg will enjoy views.
It will feature a gym and large meeting facilities, as well as a bar and all-day dining. 
The 150-room new build hotel will show off a bold, new design statement for Holiday Inn, created by architects Hachem, with its mirrored glass design destined to become a landmark in the heart of Coburg, 20 minutes to Tullamarine. 
Holiday Inn Melbourne Coburg complements the 16 Holiday Inn hotels already open across Australasia.
It is the IHG’s second Holiday Inn signing in a week, and the latest in a string of signings including Sydney Central, Melbourne Werribee and Geelong. 
<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/2018/5/9/HI%20Coburg%201.jpg" alt="">
IHG currently has 47 hotels operating under four brands in Australasia, including: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express, with another 17 in the pipeline, including Hotel Indigo Brisbane Fortitude Valley and Hotel Indigo Melbourne Docklands.
</body></html>

IHG to open design-led Holiday Inn in Melbourne’s Coburg

<html><body>
The 344-346 Sydney Road, Coburg (pictured below) premises have been leased to Permit Point Building Consultants for use as an administration office.
The 380 square metre building was leased on a 5 + 5-year lease term returning $55,000 per annum equating to $145 per square metre.
<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/2018/5/9/3%20Everage%20St.jpg" width="700" height="425">
Craig McKellar of CVA has also just leased retail premises located at 3 Everage Street, Moonee Ponds.
It was leased for $28,800 per annum to a construction company for office administration purposes equating to a building rate of $288 for the 100 square metre premises.
</body></html>

Sydney Road, Coburg space leased by consultants 

<html><body>
An 1890s landmark Victorian home in Coburg has been sold<a href="https://www.realestate.com.au/sold/property-house-vic-coburg-126759250" target="_blank"></a> for more than $3 million to a local family.
Known as Waratah or Manumbar, the five-bedroom house had been listed last year when it had a price guide of $3 million to $3.3 million.
Initially for sale by private treaty, the home was later scheduled for an April 28 auction but sold four days earlier.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-coburg-126759250" target="_blank">47 The Grove</a>, the home comes with five bedrooms, formal lounge and dining rooms, central living room and open family/meals area, and paved outdoor entertaining area.
<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/2018/5/10/COBURG%201.jpg" alt="">
It also features open fireplaces with original marble mantels, contemporary and stylish kitchen, and storage spaces throughout.
Positioned on a 986 square metre block, it is surrounded by landscaped gardens.
<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/2018/5/10/COBURG%203.jpg" alt="">
One of two mirror-image properties in Moreland Park estate, the home has been in the same family for 17 years when it sold for $730,000.
It features a tower with 360-degree views.
The sale of the home was likely to have fallen short of Coburg’s highest residential sale with a house also at The Grove sold for $3.4 million in November 2017, according to CoreLogic.
</body></html>

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