Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" 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%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Construction

The prominent Sunshine Coast developer Cube Developments has launched their own&nbsp;construction arm in an attempt to cruise over the&nbsp;currently problematic&nbsp;Australian&nbsp;construction industry.

Cube Constructions will be led by&nbsp;Michael Crocker,&nbsp;whose long career saw him lead the likes of Hutchinson Builders and NCM Constructions.

Director of Cube Developments Scott Juniper said taking the builds of upcoming projects in-house was a natural evolution for the company due to the team&rsquo;s expert mix of design, build, trades and consultancy.

[smartcode_project:default project_id=109813 project_image_fid=196625]

&ldquo;Our team has a strong history of delivering high-quality projects across the Sunshine Coast. Couple this with the long running expertise that Michael brings to the venture as Head of Construction, we are confident that we are in the best position to deliver our projects from start to finish,&rdquo; Juniper said.

&ldquo;We&rsquo;re looking forward to giving both existing and new purchasers the confidence that when they sign an off-the-plan contract that it&#39;s something that can and will come to fruition, and in a timely manner.&rdquo;

With a recruitment drive underway, Crocker said the new venture will create plenty of new jobs in the region, including project managers, safety officers and site foreman.

[smartcode_project:default project_id=89721 project_image_fid=172110]

&ldquo;Following the huge demand for property experienced here on the coast over the last 18 months, we have more than 500 residences in the pipeline across five Cube Developments projects, all of which will be built by Cube Constructions,&rdquo; Crocker said.

The first project to commence under Cube Constructions is Nature by Cube in Cotton Tree with works scheduled to start mid-July, followed by the construction of Oasis in Bokarina Beach and Seasons by Cube in Birtinya.

The announcement comes at a critical time in the Australian building sector, with over 16 large firms having collapsed since 2021, leaving developers with unfinished projects, thousands of Australians without jobs and just as many would-be homeowners empty handed.

Cube Constructions will be led by Michael Crocker, whose long career saw him lead the likes of Hutchinson Builders and NCM Constructions

Sunshine Coast developer Cube launch construction arm

Lendlease Development has appointed the local Melbourne builder, Balmain &amp; Co, to construct their latest Richmond project, Gramercy Terraces.

The industrial brick fa&ccedil;ade will be built by the Melbourne construction company, which has previously collaborated with SMA Projects and CDG Developments.

[smartcode_project:default project_id=95458 project_image_fid=169945]

&ldquo;A trusted development team has never been more important than now. Lendlease and Bates Smart have partnered seamlessly to present Gramercy Terraces to be delivered by Balmain &amp; Co over the next 12 months&quot;, Bracken Hall&#39;s Andrew Hall said.

&quot;With only two of 14 [townhouses] remaining, the market has seen what we saw, impeccable design and finish in iconic Bendigo St&quot;, Hall added.

Shaped by the heritage precinct of Bendigo Street, the three and four-bedroom freehold homes are designed to deliver grand floorplans and refined contemporary finishes.

Formerly the grounds of &lsquo;Studio Nine&rsquo;, and once the site of the Wertheim Piano Factory, the development&rsquo;s namesake is a nod to music legends and the rich musical history of the site.

[smartcode_project:default project_id=95458 project_image_fid=169942]

Each residence, designed by architects Bates Smart, features grand floorplans and offer unrivalled space in an exclusive Richmond setting.

Residences in the inner-city development start from $1.945 million, with prices reaching $2.245 million for a four-bedroom townhome.

[smartcode_project:default project_id=95458 project_image_fid=169940]

With construction commencing later this year and just two properties remaining, this is the last chance for prospective buyers to secure a home at Gramercy.

[smartcode_project_cta: project_id=95458]

Lendlease Development have appointed Balmain & Co to construct their latest Richmond project, Gramercy Terraces

max.kwok_55688

Balmain & Co appointed to construct Lendlease’s Gramercy Terraces in Richmond: All but two townhouses snapped up

Construction has kicked off&nbsp;on Due North, the Preston&nbsp;apartment development by the Melbourne property developer, Caydon Property.

Ironside has been appointed as the construction partner for Due North, having previously worked with Caydon on the Preston Windsor &amp; Co project, six-level building of 125 apartments..

Caydon said they are&nbsp;excited&nbsp;to work with Ironside again, a company that has an successful track record in creating quality apartment buildings.

[smartcode_project:default project_id=5502 project_image_fid=155335]

&ldquo;As a leader in multi-residential apartment developments, Ironside has shown strong growth year-to-year in the small to medium size residential space,&quot; a spokesperson for Caydon said.

&ldquo;We have every confidence that Ironside will bring their incredible experience, attention to detail, craftsmanship, and enthusiasm to this project.&quot;

Completion for Due North is slated for mid-2023, with groundworks, including excavation and basement retention, have already begun.

Luke Skurrie, the managing director of Ironside, said the company embraced the opportunity to partner with Caydon once again.

[smartcode_project:default project_id=5502 project_image_fid=155342]

&ldquo;Ironside are thrilled to be awarded Due North. We look forward to delivering another quality development as we continue to build a better Melbourne with&nbsp;Caydon,&quot; Skurrie said.

Located in the hive of Preston South, the focal point of Due North is its impressive rooftop amenity level, complete with a swimming pool with views back to Melbourne.The 12-level develop is located on the popular High Street, jusut 20 minutes from the Melbourne CBD.

Once complete, Due North will home 107 one, two and three-bedroom apartments and three ground-level retail spaces.&nbsp;Over 50 per cent of apartments in the building have already sold.

[smartcode_project_cta: project_id=5502]

Ironside has been appointed as the construction partner for Due North, having previously delivered the Preston Windsor & Co project with Caydon

Caydon Property appoint Ironside to construct Preston apartment development, Due North

The latest Melbourne lockdown has led to some strong enquiry at Omnia, the&nbsp;Moorabbin development in Melbourne&#39;s south-east developed by Shenfield Property.

The one, two and three-bedroom apartments and townhomes are&nbsp;now sold 50 per cent sold.

[smartcode_project:default project_id=29048 project_image_fid=151676]

Noorden Property director David Lamond attributes this to the generously sized floorplans available at Omnia, ranging from 52 sqm to as large as 185 sqm, which are larger than what is typically on the market.

&ldquo;It is a win-win all the way&rdquo;, he said.

Situated at 4-6 Horscroft Place, Omnia is delivered by boutique developers Shenfield Property and designed in collaboration with Roger Brayshaw Architects.

[smartcode_project:default project_id=29048 project_image_fid=151679]

Most of the apartments at Omnia face North, offering discerning buyers an abundance of natural light.

The developers are expecting demolition to start during September, with construction to begin shortly after.

With the exception of one buyer, all purchasers so far have been owner-occupiers with some future residents even purchasing two side-by-side to create an even larger residence.

[smartcode_project:default project_id=29048 project_image_fid=80698]

The Shenfield Property development defines modern comfort and style, with proportioned interiors designed by Aldona Padjak and a great selection of living spaces.

Omnia&rsquo;s park frontage lays the foundation for its environmental consciousness, featuring energy-efficient design and an appealing pocket park on the North side of the building, created by Wallbrink Landscape Architecture.

According to the developers, project completion is on track for October 2022, with Shenfield Property leading the building process.

[smartcode_project_cta: project_id=29048]

The latest Melbourne lockdown has led to some strong enquiry at Omnia, according to Noorden Property director David Lamond.

Melbourne lockdown sees Omnia, Moorabbin apartments hit 50% sold, construction to start

Construction has commenced on Lincoln Apartments, the fourth apartment development by property developer Cedar Woods at its Williams Landing masterplanned community in Melbourne&rsquo;s west.

Figurehead Construction has been appointed as the builder for Lincoln Apartments, having previously delivered multiple projects for Cedar Woods across its Victorian communities.

Cedar Woods development director, Callum Knight, joined Figurehead managing director, Joe Grasso, on-site recently for the project&rsquo;s official sod turn.

<figure><img alt="" class="image-article-full-width-580px" height="541" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/210520_lincoln_sod-turn_cal_joe2-crop_1.jpg?itok=RSSD7Mno" title="f Callum Knight, development director at Cedar Woods and Joe Grasso, managing director at Figurehead Construction, breaking ground at the project site" width="580" />

<figcaption>Callum Knight, development director at Cedar Woods and Joe Grasso, managing director at Figurehead Construction, breaking ground at the project site.</figcaption>
</figure>

&ldquo;Our Lincoln project has started construction at an exciting time as we continue to create local jobs and support the construction industry,&rdquo; Knight explains.

Designed by DKO Architecture, the five-storey building will include 69 apartments and features in-house amenities including a gym and a communal rooftop recreation area for residents to enjoy.

Buyers get the opportunity to tailor their apartments, with light or dark palette options of textured timbers, honed stone, loop pile carpet and large format porcelain tiles.

[smartcode_project:default project_id=27675 project_image_fid=70623]

Lincoln Apartments is located within the town centre and will be a short walk from the Williams Landing shopping centre, train station, restaurants and the growing commercial office hub.

According to Knight, amenity has been a key driver in the popularity of the project.

&ldquo;We have developed Lincoln as a project that offers everything residents could possibly need. Being located within the town centre and having access to in-building amenity, purchasers are taking advantage of the value on offer.&rdquo;

[smartcode_project:default project_id=27675 project_image_fid=70625]

Following the ground-breaking of Lincoln Apartments, Cedar Woods has launched a series of boutique apartment stages in response to market demand from owner-occupiers for low-rise, suburban living.

Positioned as one of Wyndham&rsquo;s preeminent suburbs, once completed, the $2 billion masterplanned Williams Landing community will be home to 2,400 dwellings, as well as a thriving commercial and retail precinct.

[smartcode_project:default project_id=27675 project_image_fid=70626]

Located just 20 kilometres from Melbourne&rsquo;s CBD Williams Landing offers a diverse housing mix, train station, shopping, dining, parklands and office precinct, and has created demand from first home buyers, to downsizers and investors who saw the growth potential of the suburb.

Construction completion for Lincoln Apartments is slated for mid-2022.

[smartcode_project_cta: project_id=27675]

Construction has commenced on Lincoln Apartments, the fourth apartment development by property developer Cedar Woods at its Williams Landing masterplanned community

Construction commences at Cedar Woods’ fourth Williams Landing apartment development, Lincoln Apartments

Astute property investors are recognising the potential of Sydney property, with its numerous amenities, leading universities and great employment opportunities.

As free-standing home prices surge and approvals to build new houses reach record highs, homebuyers are looking to the off-the-plan apartment market to find savings on brand-new luxury developments.

For many buyers, a downside to off-the-plan purchases include the long wait for construction but with many projects expected to reach completion before the end of the year, Urban has decided to take a look at five soon-to-be-completed developments offered in Sydney.

1. Georgette, Schofields 
Developer: Positive Investment Enterprise 
Two-bedroom apartments from $535,000

[smartcode_project:default project_id=32227 project_image_fid=93945]

Kew Schofields second stage, Georgette, is expected to reach completion later this year, with 137 apartments available in one and two-bedroom configurations.

Designed by PBD Architects, residents can enjoy light-filled apartments in Sydney&rsquo;s fast-growing north-west.

Delivering a change of scenery from the bustling city setting, Georgette is set amongst lush green spaces for privacy and natural beauty.

[smartcode_project:default project_id=32227 project_image_fid=93951]

Each apartment boasts extended gardens, ample storage and, in partnership with Tesla, state-of-the-art energy and storage innovations.

2. 180 George, Parramatta 
Developer: Meriton 
Two-bedroom apartments from $715,000

[smartcode_project:default project_id=8590 project_image_fid=71711]

Hailed as Parramatta&rsquo;s tallest residential tower, 180 George is a new world-class development that brings beautiful residences with luxury amenities.

Set to reach completion in December, the 767-apartment tower features communal open space, rooftop gardens, a sundrenched podium terrace and barbeque area.

The 1,200 sqm podium gardens complement the adjoining 58-level hotel suites tower.

[smartcode_project:default project_id=8590 project_image_fid=71714]

Within walking distance is the Westfield Parramatta, Parramatta Park and a diverse range of bars and restaurants that line Church Street.

3. Ed.Square, Edmondson Park 
Developer: Frasers Property 
Two-bedroom apartments from $620,000

[smartcode_project:default project_id=5995 project_image_fid=78734]

Estimated to reach completion in December 2021, Ed.Square is the latest innovation from Fraser Property that is set to deliver new net zero energy demand homes.

Situated in Sydney&rsquo;s south-west suburb of Edmonson Park, the homes will produce more energy than they consume, saving residents up to 43 per cent of their energy costs.

Its sustainable features include LED lighting, electric-boosted solar hot water, geothermal heating and will not feature natural gas.

[smartcode_project:default project_id=5995 project_image_fid=78730]

The homes are located within convenient access to an array of shopping, dining and entertainment facilities.

4. Castle Residences 
Developer: United Development Sydney 
One-bedroom apartments from $1,230,000

[smartcode_project:default project_id=7758 project_image_fid=79424]

Anticipated to reach completion before the end of the year, United Development Sydney&rsquo;s sought-after Castle Residences is delivering 131 apartments just off Hyde Park.

The project merges five-star luxury hotel services and amenities with high-end apartments designed by Candalepas Associates.

The construction includes the refurbishment of the 142-year-old heritage-listed Porter House building and will include amenities such as luxurious dining areas, private dining spaces and in-residence catering.

[smartcode_project:default project_id=7758 project_image_fid=150437]

Timeless sculptural alcoves and arches bring together historical and contemporary architecture, while interior styling takes inspiration from Manhattan apartments.

5. Beyond, Hurstville 
Developer: Fridcorp 
Two-bedroom apartments from $850,000

[smartcode_project:default project_id=6798 project_image_fid=140935]

Fridcorp&rsquo;s latest Hurstville development, Beyond, will deliver its residents a number of on-site amenities that match the quality of the world&rsquo;s best hotels before the end of 2021.

Each residence exudes uncompromised quality from every aspect, with one, two, and three-bedroom apartments on offer.

Designed by DKO Architecture, the light-filled interiors boast wide frontages and a refined, contemporary aesthetic.

[smartcode_project:default project_id=6798 project_image_fid=140952]

Among its amenities include a two-podium platform, an outdoor dining and teppanyaki grill, gardens, lobby bar and residents&rsquo; dining.

Urban has decided to take a look at five soon-to-be-completed developments offered in Sydney

The top five Sydney apartments completing construction before the end of 2021

Established in 1991, Hickory has steadily evolved from a family-owned company to a nationwide group of construction specialists.

One of Australia&rsquo;s leading construction groups, Hickory has forged a reputation as an innovative and dynamic company with a commitment to environmental sustainability.

Unlike many other construction companies, Hickory prides themselves on their role as project builders.

The company is self-performing of over 60 per cent of the work on their construction projects, including structure, carpentry and fa&ccedil;ade, enabling them greater control over the project&rsquo;s cost and schedule.

With close to 30 properties built by Hickory listed on Urban, below we take a look at the top five that homebuyers can secure in Melbourne now.

1. <a href="/buildings/yarra-one-16-22-claremont-street-south-yarra" target="_blank">Yarra One</a> 
Address: 16-22 Claremont Street, South Yarra VIC 3121 
Two-bedroom apartments from $725,000

[smartcode_project:default project_id=3127 project_image_fid=31085]

EcoWorld International&rsquo;s second Australian project, Yarra One, offers 247 one, two and three-bedroom apartments in Victoria&rsquo;s South Yarra.

Hickory constructed the Fender Katsalidis-designed tower, which features rectilinear patterns and pure geometry.

One of the most striking elements of the $250 million development is the Claremont Street atrium.

2. <a href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east?last_source_news_article_id=99979&amp;ref=news_related_project" target="_blank">Hawthorn Park</a> 
Address: 33 Camberwell Road, Hawthorn East VIC 3123 
Two-bedroom apartments from $670,000

[smartcode_project:default project_id=3730 project_image_fid=158928]

Dahua Group&#39;s Hawthorn Park&nbsp;delivers a mix of one, two, three and four-bedroom residences that reimagine the norm of apartment living.

Designed by Rothelowman, the project boasts unparalleled amenities, including Melbourne&rsquo;s first sky pool, theatre rooms and a stunning sky lounge.

The tower also features over 2000 sqm of parkland curated by acclaimed landscape architect Jake Merlo that bring the Hickory-constructed building to life.

3. <a href="/buildings/victoria-vine-1-57-wellington-street-collingwood">Victoria &amp; Vine</a> 
Address: 1-57 Wellington Street, Collingwood VIC 3066 
Three-bedroom apartment prices available upon request

[smartcode_project:default project_id=5117 project_image_fid=24688]

Situated in Collingwood, Victoria &amp; Vine is a new $280 million luxury residential and retail precinct delivered by GURNER.

Set across nine buildings of different materials and heights, the development draws influence from New York&rsquo;s Meatpacking District and embodies a warehouse-style structural design.

Designed by COX Architecture, the homes blend into Collingwood&rsquo;s rich history of industrial factories and feature 11 retail tenancies and 4,500 sqm of resident amenity.

Only three-bedroom apartments remain.

4. <a href="/buildings/east-central-tower-820-whitehorse-road-box-hill">East Central Tower</a> 
Address: 820 Whitehorse Road, Box Hill VIC 3128 
Two-bedroom apartments from $565,000

[smartcode_project:default project_id=3867 project_image_fid=21985]

East central tower is a 30-storey building in Melbourne&rsquo;s Box Hill, delivered by the LongRiver Group.

Designed by Fender Katsalidis, the tower features 301 apartments in one, two and three-bedroom configurations.

The urban paradise boasts 1,500sqm of residential facilities, plus 3000 sqm of combined office and retail space, including a wellbeing centre, pool, yoga studio and gym.

Hickory completed construction on the 30-storey tower in December 2020.

5. <a href="/buildings/victoriana-melbourne-20-queens-road-melbourne">Victoriana</a> 
Address: 20 Queens Road, Melbourne VIC 3004 
Two-bedroom apartments from $745,000

[smartcode_project:default project_id=1979 project_image_fid=78667]

Completed in March 2021 by Hickory, Victoriana delivers 250 oversized two, three and four-bedroom apartments over 41,000 sqm of build form.

Overlooking Albert Park, the 18-storey tower features luxurious amenities and sprawling terraces with panoramic vistas.

Located on one of the most prestigious boulevards in Melbourne, St. Kilda Road, the Rothelowman-designed project features a large heated indoor to outdoor pool, cabana lounges and outdoor gardens.

One of Australia’s leading construction groups, Hickory has forged a reputation as an innovative and dynamic company with a commitment to environmental sustainability

Top five projects Hickory are building in Melbourne in 2021

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Developers Samuel Property and Bracken Hall have appointed Minicon to construct their latest Brighton project, Willow.

The art-deco inspired project, architecturally-designed by Bayley Ward, features layered designs and a striking exterior that integrates into its tree-lined environment. The soft arches and brick façade will be built by Minicon, the smaller project entity of the Icon Group and Kajima Australia.

Willow will feature a collection of two, three and four-bedroom home-sized residences. Its offerings include vast light-filled spaces, biophilic design and soft landscaping by Acre Landscape.

Residences in the bayside development start from $2.175 million, with prices reaching $6.5 million for a penthouse apartment.

With construction commencing early 2021, this is the last chance for prospective buyers to design their home ahead of construction in a complimentary private appointment offered by Bayley Ward.

<h2>Other luxury developments on the market in Melbourne’s Bayside suburbs</h2>

1.    <a href="/buildings/tilli-547-hampton-street-hampton">Tilli, Hampton</a> 
Address: 547 Hampton Street, Hampton VIC 3188 
Three-bedroom residences from $1,190,000

<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/tilli-547-hampton-street-hampton-7ccdd72a5a4e52304e318a7e8f7435b0_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="337" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/tilli-547-hampton-street-hampton-7ccdd72a5a4e52304e318a7e8f7435b0_0.jpg?itok=r-ZQgs98" width="580"></a>

Positioned on the top end of a vibrant Bayside retail strip, Tilli offers luxury in a exclusive location. Delivered by Shenfield Property, Tilli is a collection of eight two and three-bedroom residences.

The three-storey mixed-use project offers residents generous kitchens, terrace space and light-filled living with apartments beginning from $1.19 million.

2.    <a href="/buildings/jasmin-1-wave-street-hampton">Jasmin, Hampton</a> 
Address: 1 Wave Street, Hampton VIC 3188 
Three-bedroom residences from $2,850,000

<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/jasmin.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="348" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jasmin.jpg?itok=ws88z1mn" width="580"></a>

Poised atop Hampton Hill, just one kilometre from the beach, Jasmin offers five high-end apartments amongst Melbourne’s iconic bayside beaches.

Designed by Taylor Pressly Architects, each apartment features three bedrooms, north-facing aspect and private outdoor area.  
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Developers Samuel Property and Bracken Hall have appointed Minicon to construct their latest Brighton project

Samuel Property appoints Minicon to build Willow Brighton

With many developments expected to reach completion over the coming year, Urban has decided to take a look at five&nbsp;soon-to-be-completed developments offered in&nbsp;Victoria.&nbsp;&nbsp;

1. <a href="/new-townhouses/addison-walk-williams-landing">Lincoln Apartments, Williams Landing</a> 
Address: 100 Overton Road, Williams Landing VIC 3027 
Two-bedroom apartments from $419,000

[smartcode_project:default project_id=27675]

<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/lincoln.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lincoln.jpg?itok=ZUdEgOZp" width="580" /></a>

Set for completion late this year, Lincoln Apartments is located in the centre of the masterplanned community, Williams Landing. Delivered by Cedar Woods and designed by DKO Architecture, the residence features light-filled apartments with balconies, a rooftop garden and a residents&rsquo; gym.

Other offerings include views over the conservation reserve, pleasant greenery and parklands and transport connections.

Cedar Woods is offering investors $15,000 off on their apartment purchases within the project.

2. <a href="/buildings/the-terraces-at-minta-soldiers-road-berwick">The Terraces at Minta, Berwick</a> 
Address: Soldiers Road, Berwick VIC 3806 
Two-bedroom townhouses from $449,900

[smartcode_project:default project_id=27487]

<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/minta_townhome.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/minta_townhome.jpg?itok=Ia4t_Fbg" width="580" /></a>

With estimated completion just six months away, Stockland&rsquo;s recent project in Melbourne&rsquo;s south-east expects increased demand from first home buyers. With two-bedroom residences available from $449,900 and three-bedrooms from $529,900, townhomes in the project offer buyers excellent value for money.

Each of the double-storey homes include secure car garages, double glazing, high ceilings and garden landscaping, as well as open-plan living and dining and a fully-fenced garden patio.

3. <a href="/buildings/avenue-by-skelton-14-gleniffer-avenue-brighton-east">Avenue, Brighton East</a> 
Address: 14 Gleniffer Avenue, Brighton East VIC 3187 
Three-bedroom townhouses from $2,290,000

[smartcode_project:default project_id=29935]

<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/metr10298_gleniffer-avenue_e01_streetscape.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/metr10298_gleniffer-avenue_e01_streetscape.jpg?itok=BxXV_LQ6" width="580" /></a>

Brighton East&rsquo;s luxury townhome collection, Avenue, offers nine three-bedroom residences with Japanese and minimalist influence. Revealed in Avenue&rsquo;s latest construction update, which you can view <a href="https://www.youtube.com/watch?v=3PDXqOH-ya4">here</a>, potential buyers are now able to see the project&rsquo;s striking pitched roofs upon arrival to Gleniffer Avenue.

Delivered by SKELTON and designed by ADDARC and Jack Merlo, Avenue offers private balconies, ground-floor courtyards, cascading greenery and bespoke kitchens. Double glazing, custom bathroom cabinetry and 4.4-metre-high gabled windows also feature within these luxury homes.

4. <a href="/buildings/two51-on-swan-245-251-swan-street-richmond">TWO51 on Swan, Richmond</a> 
Address: 241-251 Swan Street, Richmond VIC 3121 
Two-bedroom apartments from $1,030,000

[smartcode_project:default project_id=3298]

<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/two51-on-swan-245-251-swan-street-richmond-4ec507e5809b1dc1253cc608479756d6.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="396" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/two51-on-swan-245-251-swan-street-richmond-4ec507e5809b1dc1253cc608479756d6.jpg?itok=gg8aYGEf" width="580" /></a>

Expected to reach completion in August, TWO51 on Swan offers the rare opportunity for half and full-floor penthouses in Melbourne&rsquo;s Richmond. Blueprint Projects&rsquo; development offers buyers two, three and four-bedroom configurations in the art deco-inspired building, designed by Watson Young Architects.

Other features include a grand lobby, open-plan layouts, and an expansive open-air &lsquo;winter garden&rsquo;, with integrated balustrades finished with stone, timber and metal textures.

5. <a href="/buildings/heirloom-doncaster-east-908-doncaster-road-doncaster-east">Heirloom, Doncaster East</a> 
Address: 908 Doncaster Road, Doncaster East VIC 3109 
Two-bedroom apartments from $659,000

[smartcode_project:default project_id=26614]

<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/heirloom.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/heirloom.jpeg?itok=7c-Ouo_h" width="580" /></a>

Heirloom, a collection of 16 homes in Doncaster East, will also reach completion this year, offering the latest features and modern conveniences to its residents. Designed by ClarkeHopkinsClarke as a vibrant mixed-use community, Heirloom draws inspiration from its location, with home-sized apartments and 1960s furniture pieces.

Delivered by Parkes Property, Heirloom features light-filled interiors, terraces&nbsp;and mini butler&rsquo;s pantries.

Urban takes a look at five new developments in Victoria that are expected to reach completion in the coming year. 

5 VIC residential developments completing construction in 2021

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The Australian Bureau of Statistics (ABS) released building approvals data for August 2014 earlier this month.
At a headline level, dwelling approvals were 3.0% higher over the month and are now 14.5% year on year. With 16,810 approvals over the month there is clearly a strong level of residential development activity with monthly approvals just -5.0% lower than their recent peak.
<img src="/images/2014/10/8/Chart-1.jpg" alt="">
Of the 16,810 dwelling approvals in recorded over the month of August, 9,401 were for houses and the remaining 7,409 were mulit-unit dwellings (typically apartments).
Over the month, house approvals fell by -1.4% while unit approvals rose by 9.2%. Year-on-year, house approvals are 12.6% higher while unit approvals are up 17.1%. 
As the chart above shows, the six month trend indicates a slowing of dwelling approval numbers and it also shows that monthly movements in unit approvals tend to be much more volatile. Also remember that a multi-unit development is more risky than developing a single house and ultimately less likely to ultimately be constructed.
<img src="/images/2014/10/8/Chart-2.jpg" alt="">
Focussing on dwelling approvals on an annual basis we have seen more house and unit approvals than ever before over the 12 months to August 2014. Over the 12 month period there were 197,571 dwelling approvals, of which 111,020 were for houses and 86,552 were units. The annual number of approvals has increased by 19.2% over the past year.
Although approvals have surged, as the chart shows it is largely due to a significant lift in unit approvals. Although the number of unit approvals over the past year was at a record high, house approvals are still -6.8% lower than their previous peak over the year to July 2010 and -21.2% lower than their all-time high of 140,832 over the year to April 1989.
Historically, units have been much less likely to move from approval to construction. Units also tend to be much more likely to be owned by investors than houses. 
With the Reserve Bank flagging that deliberations are ongoing into the introduction of macroprudential policies to slow the level of investor activity in the housing market, there is potentially an even bigger than normal risk that these units won't make it to completion.
<img src="/images/2014/10/8/Chart-3.jpg" alt="">
Across the combined capital cities, there was an all-time high of 147,122 dwellings approved for construction over the 12 months to August 2014. The number of capital city dwelling approvals has increased by 21.9% over the past year. 
Over the year there were, 71,662 approvals for houses and 75,460 unit approvals with house approvals up 20.6% and unit approvals 23.2% higher.
Much like the national results you can see that unit approvals are at their higher levels while house approvals are only just approaching their previous peak levels.
This article continues on the next page. Please click below.
<hr class="system-pagebreak">
 
 
<img src="/images/2014/10/8/Chart-4.jpg" alt="">
Across the individual capital cities, Brisbane has recorded the greatest increase in dwelling approvals over the year (41.8%) followed by: Perth (24.9%), Adelaide (24.0%) and Sydney (23.3%). Dwelling approvals are lower over the year in Darwin (-6.8%) and Canberra (-6.4%) while Melbourne (16.3%) and Hobart (19.4%) have recorded only moderate rises in dwelling approvals. 
Despite certain cities recording significant rises in dwelling approvals, Sydney and Melbourne have accounted for more than 57% of all capital city dwelling approvals over the past year. With 26,123 dwelling approvals over the past year, approvals in Perth are at a record high while Brisbane approvals are just shy of their record high.
<img src="/images/2014/10/8/Chart-5.jpg" alt="">
A key driver of the overall increase in dwelling approvals has been the rising prominence of the unit market. Over the past year, the increase in unit approvals has been greater than the increase in house approvals in Sydney, Brisbane, Adelaide and Perth.  Although unit approvals have recorded greater increases in these cities, there has been a substantial decline in unit approvals across Hobart and falls in both Darwin and Canberra.
<img src="/images/2014/10/8/Chart-6.jpg" alt="">
With more than half of all capital city dwelling approvals for units as opposed to houses, all individual capital cities except for Adelaide (31.8%), Perth (25.9%) and Hobart (7.0%) are seeing a majority of approvals for units. In Sydney, 67.7% of dwelling approvals were for units over the past year, elsewhere 53.0% were for units in Melbourne, 55.9% in Brisbane, 63.2% in Darwin and 57.9% in Canberra.
Sydney has consistently approved more units than houses since 1993 and Darwin has consistently approved more units than houses since 2003, while across the other cities it is a relatively new phenomenon.  
Melbourne has only been approving more units than houses since mid-2012, in Brisbane it has occurred since mid-2013 and in Canberra since mid-2010. Of course, there is an increasing level of demand for units, but particularly in Melbourne and Brisbane the number of units in the pipeline is largely untested in the market. 
Furthermore, units tend to be more appealing to the investor market rather than owner occupiers. While demand may currently be strong it remains to be seen whether there is enough investor demand to satisfy all of the supply in the pipeline.
Dwelling approvals remain at a very high level and with the rate of population growth slowing it is encouraging to see that supply is finally responding.  With their lower price point compared to houses and superior rental returns no doubt we are seeing a rising level of demand for units, particularly in inner city markets. 
Of course, the Reserve Bank of Australia has raised concerns about the level of investment lending which is most prominent for inner city units.
If controls are introduced to slow the level of investment there may be an adverse impact on demand and subsequently values of inner city units, particularly new inner city units which are a strong target from the investment segment of the market.
 
</body></html>

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