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

Joel Robinson

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

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Development

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2018 has been a huge year for the site. We rebranded from Apartments.com.au to Apartments.com.au and expanded our presence nationally. With this came a host of new features on the site, including (but not limited to) and the recent roll out of a Construction Update feature on project pages which allows users to upload construction photos.

2018 was also big year on the planning and development front and always Apartments.com.au tried to keep you, our readers up to date and informed. The big story items on Apartments.com.au were (in no particular order):

<ul>
<li><a href="/news/southbank-by-beulah-designs-revealed-at-future-cities-symposium">Southbank by Beulah Symposium</a></li>
	<li><a href="/news/top-10-future-tallest-buildings-in-australia">Australia's future top 10 tallest skyscrapers</a></li>
	<li><a href="/news/southbank-by-beulah-the-winning-design-for-australias-tallest-tower-revealed">The Green Spine</a></li>
	<li><a href="/news/victorian-government-unveils-suburban-rail-loop-election-proposal">Suburban Rail Loop</a></li>
	<li><a href="/news/fishermans-bend-framework-and-planning-controls-finalised">Fishermans Bend Framework and Planning Controls</a></li>
	<li><a href="/news/consortium-proposes-market-led-super-train-for-melbourne-airport-rail-link">Melbourne AirRail market-led proposal</a></li>
	<li><a href="/news/nightingales-magnificent-seven-on-show-for-the-first-time">Nightingale Village</a></li>
	<li><a href="/news/cbus-property-submits-planning-application-for-its-landmark-435-bourke-street-site">Cbus Property submits plans for $1bn tower at 435 Bourke Street</a></li>
</ul>
On behalf of the team here at Apartments.com.au we would like to wish you all a safe and relaxing holiday period and thank you for your continued support throughout the year. We look forward to another massive year in 2019 and hope you can join us for the ride.

- The Editorial Team
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Staff Writer

Urban.com.au Year in Review 2018

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Long synonymous for its sand, surf and sun (and the laidback lifestyle associated with it), Surfers Paradise has shaken off its identity as a high-rise retirement village and party playground for schoolies to adopting a more cosmopolitan vibe as hip new bars, cafes, restaurants and even breweries continue popping up left right and centre as the population (and skyline) continue to grow.

It could be argued the increase in these types of amenities reflect the changing population demographics of Surfers Paradise, with residents increasingly seeking an urban lifestyle that is more synonymous with the likes of Sydney, Melbourne and Brisbane. 

According to Census data, From 2011 to 2016, Surfers Paradise's population increased by 4,060 people (20.6%), representing an average annual population change of 3.82% per year over the period. The largest age group in Surfers Paradise according to the 2016 census was 25 to 29 year olds.<a href="https://profile.id.com.au/gold-coast/five-year-age-groups?WebID=530">1</a>

The continued trend of high-rise development in Surfers Paradise doesn't look like abating anytime soon, with the area boasting a healthy pipeline of projects - Urban.com.au is currently tracking <a href="/new-apartments/surfers-paradise-qld-4217">32 developments in Surfers Paradise</a>. 

Chevron Island is also beginning to shake off its retirement village tag, with a number of new developments seeking to take advantage of the island's proximity to golf courses, parklands, the bustling retail along Surfers Paradise, and the sand and surf beyond. 

Located a 5 minute stroll west of Surfers Paradise, Chevron Island is a medium density residential neighbourhood comprising a community of 1,500 residents and over 150 local businesses. It is linked by two bridges to Southport and Bundall to the west and to Surfers Paradise to the east, and provides a unique shopping destination for locals and visitors alike.

<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/chevron_island.jpg" rel="gallery-all" title="Aerial showing Chevron Island's proximity to Surfers Paradise. Image: Gold Coast Bulletin"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/chevron_island.jpg?itok=4RDrFJZh" title="Aerial showing Chevron Island's proximity to Surfers Paradise. Image: Gold Coast Bulletin" width="580"></a>

<figcaption>Aerial showing Chevron Island's proximity to Surfers Paradise. Image: Gold Coast Bulletin</figcaption></figure>Previously known as Goat Island, Chevron Island is a natural island formation that once hosted a cattle farm.The profile and topography of the island were modified in the 1950s by detaching the island from where HOTA now exists and through sand fill.

Developments such as Benson Property's <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> and Macquarie York's <a href="/buildings/allure-chevron-island-1-northcliffe-terrace-surfers-paradise">Allure</a> will change the dynamic of the neighbourhood with the projects representing the first high-rises to be developed on the island and in effect extending the Surfer's Paradise skyline. 

Chevron One is a $230 million, 40-storey tower of 247 apartments designed by Marchese Partners currently under construction only 500m away from Surfers Paradise.

Speaking to <a href="http://www.mediahunt.com.au/bensons-launch-230m-chevron-one-tower/">Media Hunt</a>, Bensons chairman Elias Jreissati noted that the Gold Coast's continued evolution is part of the reason the Melbourne-based development company has turned its attention north.

<blockquote>
“We are seeing a major transformation taking place on the Gold Coast, and with that the city is becoming as rich in urban lifestyle as any of our capitals. It’s one of the reasons we have been looking to invest in the region for some time.

The Gold Coast has always been an aspirational leisure destination, and that will always be the case. However, the Commonwealth Games has brought with it a new energy that people are only now starting to realise.

“This has lifted the pulse of change, including the desire for a cultural heart which we warmly welcome, and there’s no stopping that now. We’re seeing the city setting itself up for a golden era of growth and Chevron Island is on the cusp of playing its role in this transformation."
</blockquote>

The Gold Coast Commonwealth Games, which were hosted last year and put the Gold Coast firmly in the spotlight also brought with it further investment in infrastructure and amenities from both Government and the private sector.

The Parklands project, located 5km from Surfers Paradise, was designed and developed by Melbourne-based ARM and Grocon respectively, to initially host athletes for the Games, before reverting to accommodation for health and knowledge professionals from nearby Gold Coast University Hospital and Griffith University. It is also one of Australia’s first build-to-rent developments.

ARM are also working on the Home of the Arts Master Plan a stone's throw from Chevron Island. The first stage of the project was completed in 2017 with future stages to be delivered through to 2023.

<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/arm_gold_coast.jpg" rel="gallery-all" title="L-R: Parklands Gold Coast and HOTA Master Plan. Images: ARM "><img alt="" class="image-article-full-width-580px" height="199" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/arm_gold_coast.jpg?itok=pH9wdcDj" title="L-R: Parklands Gold Coast and HOTA Master Plan. Images: ARM " width="580"></a>

<figcaption>L-R: Parklands Gold Coast and HOTA Master Plan. Images: ARM</figcaption></figure>Urban.com.au's own Mark Baljak has <a href="/news/chevron-one-heralds-the-beginning-of-chevron-islands-transformation">previously provided a summary of some of the developments</a> mooted for the island as it transforms into a high-rise neighbourhood.
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urban.com.au

Between surf, sand and sky - Chevron Island to scale new heights

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DealCorp has secured planning approval for a new development that will repurpose land created at the recently revamped Gardiner Train Station in Glen Iris.
The infill development repurposes the 2,700 square metre site opposite the new Gardiner Station forecourt, created as part of its recent multi-million-dollar upgrade.
The project opposite Gardiner Station, titled The Residences at Glenarm Square, will deliver around 120 apartments along with a gym, 15 metre indoor pool, communal lounge and luxurious business centre for residents, with an end value of approximately $100 million.
DealCorp’s plan for the development pays careful attention to the objectives for the area’s overlay including setback and notably, integration with the station and retail plaza, to deliver a new community heart for the bustling Glen Iris locale.
Designed by Plus Architecture with interiors created by Hecker Guthrie, the development will feature 1000 square metre of retail and commercial space over two levels with a range of services for the local community including plans for a provedore, café, and deli/grocer.
DealCorp executive chairman, David Kobritz says the project will deliver an affordable apartment product to a location where the median house price is currently over $2 million.
With over a 30-year history of urban development experience, DealCorp is an experienced mixed-use developer that has completed 16 projects since 2011 with total gross revenue of $550 million.
Other current projects include the substantial Polaris 3083 urban regeneration project that is transforming the former Larundel Hospital into a $500 million retail, residential and hospitality precinct.
DealCorp will launch The Residences at Glenarm Square to the market in the coming weeks with the project set to include a mix of one, two and three-bedroom offerings.
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j.ballantyne1990-6AQqhLzZaK

Development approval granted for $100 million Glen Iris repurposed land project 

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Apartments.com.au's Project Database has reached a noteworthy milestone, pushing past 3,700 listings in recent days.

This equates to 3,700 projects of differing uses that are currently active across Australia and which fall within four broad categories; Planning Assessment, Approved, Registration &amp; Sales or Under construction. Apartments.com.au's Project Database represents the country's largest publicly accessible database of live development projects.

The Project Database has seen rapid expansion over the course of 2018.

Reflective of the rebirth of this website from Urban Melbourne to Apartments.com.au earlier in the year, the Project Database is now an all-encompassing platform that includes all major cities across Australia, supplemented by a growing number of regional centres such as Gold Coast, Geelong and Newcastle. The 3,700 milestone is a quantum leap forward from the roughly 1,400 solely Melbourne projects within the database at the turn of 2018.

Incidentally the 3,700th database listing happens to be an application for property developer Mattioli Group's new Melbourne headquarters. Kavellaris Urban Design conceived the mid-rise at 226-232 High Street in Kew; it includes retail at ground level, commercial office space and a dual level four bedroom apartment.

<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/image99_4.jpg" rel="gallery-all" title="Number 3,700. Image: Kavellaris Urban Design"><img alt="" class="image-article-full-width-580px" height="346" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image99_4.jpg?itok=Iszo8REO" title="Number 3,700. Image: Kavellaris Urban Design" width="580"></a>

<figcaption>Number 3,700. Image: Kavellaris Urban Design</figcaption></figure>Reflecting the growing dominance that higher density housing has assumed across the nation, 3,290 or 88% of projects in the Apartments.com.au Project Database are residential.

Thereafter 286 commercial projects are included, as are 186 hotel or serviced apartment developments. The latter category has mushroomed over the course of 2018, as developers capitalise upon the favourable conditions in the market for short stay accommodation.

It is though residential that is the undisputed king of the database. Despite certain markets such as inner city Melbourne and Brisbane which are at the bottom of their respective apartment cycles, Apartments.com.au is still keeping tabs on 539 separate apartment and major townhouse developments across Australia which are at Registration &amp; Sales.

Whilst 3,700 is a hefty database figure, hundreds of further projects have been identified and will be added through to the end of 2018. Particular focus will fall on Brisbane and surrounds over coming months in order to make Apartments.com.au's Project Database more accurately reflective of the considerable backlog of approved developments evident across Brisbane.

Next stop 4,000!
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silvermb

Urban.com.au's Project Database reaches 3,700 active developments

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Melbourne-based Chapter Group has underlined its aggressive expansion plans by announcing the acquisition of four separate development sites.

In light of the recent launch of the developer's super luxury <a href="/buildings/ukiyo-2-porter-street-prahran">Ukiyo Prahran</a> apartment project, Chapter Group's unveiling of the four new opportunities is a vote of confidence in Melbourne's apartment sector. Covering Fitzroy, Toorak, Windsor and Armadale, the new prospects carry a combined end value in excess of $400 million.

Fitzroy's 411-421 Smith Street shapes as the largest of the quartet, and will be developed in unison with Abacus Property Group and Crema Group.

The Smith Street holding is a renovated two-storey brick complex leased to Kathmandu &amp; Bellroy, with leases through to 2022. Expected is a mixed-use residential, commercial and retail development spanning the roughly 1,800 square metre site and holding an end value in the $100 million range.

<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/image68a.jpg" rel="gallery-all" title="411-421 Smith Street. Image: TCI Teneketzis"><img alt="" class="image-article-full-width-580px" height="343" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image68a.jpg?itok=vI_ggWwo" title="411-421 Smith Street. Image: TCI Teneketzis" width="580"></a>

<figcaption>411-421 Smith Street. Image: TCI Teneketzis</figcaption></figure>Also on the agenda is a site on Toorak's Malvern Road. Having already partnered with developer Sin Heng Chan on <a href="/buildings/the-springfield-30-springfield-avenue-toorak">The Springfield</a> nearby, the duo have nabbed a 1,450 square metre site at 727-729 Malvern Road with intentions of creating 11 high-end apartments within a build valued at $12 million.

Further sites on Windsor's High Street and Armadale which both run in excess of 2,000 square metres in size are also in the developer's pocket.

According Chapter Group's media statement, the site purchases and intended developments are "congruent with Chapter Group’s vision of providing Melburnians with thoughtful homes that deliver design excellence, outstanding quality and unparalleled liveability. Chapter Group Director Dean Lefkos says " Our aim is to build high-quality projects in super prime locations that will provide residents with long-term gain, as opposed to projects and sites that will simply afford us short-term success.

These suburbs are recognised for their unparalleled lifestyle offering and demonstrated strength in capital growth year on year. Pricing expectations have also favoured within our parameters in recent months with vendors recognising the current environment and more prepared to agree to a reasonable deal."

The quartet of sites is also a boon for K2LD Architects; the practice is responsible for all of Chapter Group's projects to date, and have been nominated as architects for the above sites according to the developer's website.

<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/image70_12.jpg" rel="gallery-all" title="Ukiyo Prahran hero perspective. Image: Chapter Group"><img alt="" class="image-article-full-width-580px" height="338" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image70_12.jpg?itok=fxOFyLgD" title="Ukiyo Prahran hero perspective. Image: Chapter Group" width="580"></a>

<figcaption>Ukiyo Prahran hero perspective. Image: Chapter Group</figcaption></figure>In a further sign that Chapter Group is confident in the prospect's of Melbourne's high-end residential sector, Ukiyo Prahran is due to launch its sales campaign.

On the Porter Street, Percy Street and High Street corner, Ukiyo consists of 12 half and full floors apartments, with the top three levels of the ten level building earmarked as penthouses. Ukiyo holds an end value of $40 million and falls into a pocket of Prahran that is seeing a strong level of residential activity, with developers ITUM and SP Setia also pursuing current apartment developments.

Chapter Group's Prahran project also sees retail at ground level plus two full floors dedicated to commercial space.

Ukiyo's living options are split between  2, 3 and 4 bedroom configurations.

<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/image71_8.jpg" rel="gallery-all" title="Ukiyo Prahran interior. Image: Chapter Group"><img alt="" class="image-article-full-width-580px" height="323" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image71_8.jpg?itok=90O-nvFt" title="Ukiyo Prahran interior. Image: Chapter Group" width="580"></a>

<figcaption>Ukiyo Prahran interior. Image: Chapter Group</figcaption></figure>
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Chapter Group launches Ukiyo Prahran, adds four new development sites to its portfolio

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Five significant and very distinct projects across Melbourne now share a common link in that they have all called for construction tenders in the past week.

The sporting, commercial, residential and retail developments have a combined construction value in excess of half a billion dollars, with their combined end value comfortably pushing past the billion dollar mark. Further projects of significant size and stature are also currently at construction tender, with the latest five underlining the still robust nature of Melbourne's construction scene.

The five projects expected to become reality are outlined below:

Poly Centre Melbourne

<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/image47_13.jpg" rel="gallery-all" title="Image: Poly Australia"><img alt="" class="image-article-full-width-580px" height="880" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image47_13.jpg?itok=-x7Pg9aC" title="Image: Poly Australia" width="580"></a>

<figcaption>Image: Poly Australia</figcaption></figure>Poly Developments Australia looks set to make good on earlier indications that it would initiate construction of Poly Centre Melbourne at 1000 La Trobe Street this year.

Having appointed agents Colliers International and JLL to land tenants for the 33,000 plus square metre office tower, a construction tender for the development was released yesterday. Both Colliers International and JLL are also handling leasing duties for sister Sydney development, <a href="/developments/sydney-nsw-2000">Poly Centre Sydney</a>.

With approval already in place, architect Woods Bagot looks to have reworked the outer expression of the tower, which would account for a portion of land within the wider Digital Harbour precinct.

Melbourne Park Stage 3

<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/image46_13.jpg" rel="gallery-all" title="Image: NH Architecture and Snøhetta"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image46_13.jpg?itok=pZ12_EOt" title="Image: NH Architecture and Snøhetta" width="580"></a>

<figcaption>Image: NH Architecture and Snøhetta</figcaption></figure>Announced last year, the third and final stage of Melbourne Park's transformation is due to become reality.

A build value of in excess of $200 million reflects Stage 3's stated of $271.55 million. With Stage 2 works on the new Rod Laver Arena eastern entry pod all but complete, NH Architecture and Snøhetta have jointly conceived the final stage which includes a new multi-purpose 5,000-seat show court/arena, central public terrace, function and media centre, broadcast studios and logistics hub.

Expected to make pedestrian access around the sporting precinct far easier, the works are set to create 600 jobs during construction and underpin thousands more jobs in our tourism and hospitality industry upon completion.

Wills Place

<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/image52_8.jpg" rel="gallery-all" title="Image: Shangyi Property"><img alt="" class="image-article-full-width-580px" height="399" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image52_8.jpg?itok=4AykAuNX" title="Image: Shangyi Property" width="580"></a>

<figcaption>Image: Shangyi Property</figcaption></figure>With a sales campaign that began during mid 2015, Wills Place has the peculiarity of being the project that has spent the longest time in the Apartments.com.au Project Database without advancing to construction.

That though is set to change with a fresh construction tender looking to add the 35 level residential tower component behind a classic 1930’s heritage facade at 17 Wills Street in the northern section of Melbourne's CBD. Shangyi Property is backing the tower with CHT Architects creating the building which is slated to include 200 apartments.

CHT Architects' design replaces an earlier scheme onsite that would have included a unique and substantial void in the tower form for use as an elevated park.

Richmond Plaza

<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/273_20-12-2017_3343_1.jpg" rel="gallery-all" title="Image: SJB"><img alt="" class="image-article-full-width-580px" height="341" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/273_20-12-2017_3343_1.jpg?itok=rIckl0-o" title="Image: SJB" width="580"></a>

<figcaption>Image: SJB</figcaption></figure>The long approved Richmond Plaza redevelopment has sparked to life with Coles Group Developments initiating a construction tender.

Coles is already undertaking a mass redevelopment of their <a href="/new-apartments/the-mark-441-glen-huntly-road-elsternwick">Elsternwick location</a>, with Richmond now poised to follow. Approximately 300 apartments are included within the SJB-designed scheme, as is commercial space and in excess of 7,000 square metres of retail opportunity.

The ground plane of the sprawling site will be opened via the inclusion a series of laneways and new access points.

Prospect Apartments

<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/image55_12.jpg" rel="gallery-all" title="Image: Hayball"><img alt="" class="image-article-full-width-580px" height="734" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image55_12.jpg?itok=ATkNtVlR" title="Image: Hayball" width="580"></a>

<figcaption>Image: Hayball</figcaption></figure>Irrepressible Box Hill is also due for another major residential tower as R&amp;F Property Australia initiates a tender for the delivery of Prospect Apartments.

Having secured the site with a permit in place, the Chinese-backed developer went about reworking the project as evidenced by new architect Hayball's tower above. As many as 193 apartments are included within the 25 storey tower, with 2,860 square metres of predominantly office space accounting for the podium levels.

R&amp;F Property Australia's move on their Box Hill site follows on quickly from the launch of the first stage of Footscray's <a href="/buildings/live-city-124-188-ballarat-road-footscray">Live City</a>; that development will yield as many as 1,500 apartments for the developer.
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Billions worth of new construction activity beckons for Melbourne

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It hasn't materialised yet, but there's more than enough evidence to show that the eastern reaches of Richmond's Swan Street will become one of Melbourne's premier suburban development pockets.

The notion has been reinforced by two fresh commercial development applications that not only underpin Swan Street's looming development credentials, but those of City of Yarra's in general. The flight of developers to the municipality seeking to create 'new experience' commercial developments had been well documented of late.

Swan street though has yet to see any tangible construction activity, save for Olor Apartments. At 306 Swan Street, Olor with its 31 new apartments over 7 levels is the first salvo in a development push that will likely change the fundamental complexion of Swan Street east of Bridge Road.

Characterised by small retail and commercial premises along its flanks, Swan Street has a <a href="https://www.yarracity.vic.gov.au/the-area/planning-for-yarras-future/adopted-strategies-and-plans/structure-plans-and-local-area-plans">structure plan in place</a> that will allow for the transition away from an intimate small-scale streetscape to a medium and high-rise outcome, particularly so when heading east toward Burnley Station and surrounds.

<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/image13_26.jpg" rel="gallery-all" title="Bruce Henderson's latest alongside t-a square's effort"><img alt="" class="image-article-full-width-580px" height="255" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image13_26.jpg?itok=SSwXMwVi" title="Bruce Henderson's latest alongside t-a square's effort" width="580"></a>

<figcaption>Bruce Henderson's latest alongside t-a square's effort</figcaption></figure>The developments in waiting are a clear indication that developers consider the area prime for renewal. Latest to enter the Apartments.com.au project database are a duo of boutique commercial developments.

439-443 Swan Street is a Bruce Henderson Architects-designed complex for Swan Street Property Pty Ltd. 10 levels is sought for the 603 square metre corner site, with a Net Leasable Area of 3,467 square metres.

A rooftop terrace and provisions for 54 vehicles and 43 bicycles are rolled into the design. Another 'pocket' development claiming a small development site is 389-393 Swan Street; t-a square architects have conceived a 9 level office complex incorporating 1,548 square metres of Net Leasable Area.

Both these projects join 345 Swan Street as being ideal smaller tenants or strata uses based upon site size and floorplate limitations.

<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/image14_21.jpg" rel="gallery-all" title="Minicon have begun site works on Farmer, Cutter and Swan"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image14_21.jpg?itok=lQWdnyJk" title="Minicon have begun site works on Farmer, Cutter and Swan" width="580"></a>

<figcaption>Minicon have begun site works on Farmer, Cutter and Swan</figcaption></figure>Highlighting the mixed-use nature of the emerging precinct, a quartet of developments are devoted to apartment and serviced apartment living.

Builder Minicon has taken Farmer, Cutter and Swan's 53 apartments to construction whilst Mitpit Constructions has signage up over 314-320 Swan Street. The Ewert Leaf-designed project will add private apartments, commercial office space and a sizeable serviced apartment component to the area.

Also looking to add serviced apartments is 291-295 Swan Street which went to planning during June. 

Next to launch publicly is TWO51. Backed by Blueprint Projects the pending sales campaign will launch 28 luxury apartments in to the marketplace at 251 Swan Street.

<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/image22_18.jpg" rel="gallery-all" title="Swan Street's largest trio "><img alt="" class="image-article-full-width-580px" height="480" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image22_18.jpg?itok=3nREoAYO" title="Swan Street's largest trio " width="580"></a>

<figcaption>Swan Street's largest trio</figcaption></figure>The balance of projects destined for Swan Street are also the biggest. 

A permit is in place for the Bruce Henderson Architects-designed 370-374 Swan Street whilst 484-486 Swan Street is still at planning. Both commercial developments could add a combined 28,400 square metres of commercial office space to what is essentially a virgin area in terms of catering for major tenants with new commercial builds.

The closest precinct to see such large sized tenants drawn to the area is the Botanicca corporate park in adjacent Burnely.

Last cab off the Swan Street rank is 462-482 Swan Street with Bamfa Properties hoping to realise 200 plus apartments within dual buildings designed by Elenberg Fraser. Earlier designs for the site reached 17 levels although the current bid reaches 10 and 12 levels respectively.

Lead image: Bruce Henderson Architects
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Future intent - profiling the impending rise of Swan Street

Milton-based Pointcorp has added another residential development in waiting to its portfolio, this time in Burleigh Heads.

41 apartments are spread over the 15 level Cottee Parker-designed high-rise at&nbsp;1827 Gold Coast Highway. Reflective of another high-end planning application for Broadbeach&nbsp;<a href="/news/bassar-group-to-test-broadbeachs-luxury-apartment-market-depth">first outlined by Urban.com.au last week</a>, the Burleigh Heads developments consists of oversized apartments aimed at owner-occupiers.

Pointcorp's newest project consists of purely three bedroom apartments. What is effectively a repetitive floorplate sees apartments sizes in three options;&nbsp;172, 205 and 207 square metres.

The prominent 1,271 corner site is currently a service station, with nearby towers having already created a comparable height precedent.

<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/image5_22.jpg" rel="gallery-all" title="Cottee Parker's new Burleigh Heads addition."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="454" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image5_22.jpg?itok=koP3UXa1" title="Cottee Parker's new Burleigh Heads addition." width="580" /></a>

<figcaption>Cottee Parker's new Burleigh Heads addition.</figcaption>
</figure>

<blockquote>
The development represents a distinct podium and tower form, with a highly articulated and modulated built form and façade. At ground level the retail space extends along the Goodwin Terrace frontage and part of the Gold Coast Highway.

The retail spaces includes glazing and openings to these frontages to encourage the activation of the streetscape and the continuation of activity along Goodwin Terrace. A residential foyer, plant and services and driveway access are located on the Gold Coast Highway frontages.
<cite>Cardno Town Planning Report</cite></blockquote>

1827 Gold Coast Highway represents Pointcorp's first major apartment development outside of the Brisbane market. The&nbsp;Burleigh Heads application is also another notch in Pointcorp's growing development pipeline.

In another step toward diversification Pointcorp is also at the helm of Brisbane's 458 Brunswick Street which will be branded&nbsp;Hotel Indigo&nbsp;Brisbane&nbsp;Fortitude Valley.

<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/image8fg.jpg" rel="gallery-all" title="Hotel Indigo Brisbane Fortitude Valley is part of the Pointcorp stable"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="486" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image8fg.jpg?itok=0fgOVROF" title="Hotel Indigo Brisbane Fortitude Valley is part of the Pointcorp stable" width="580" /></a>

<figcaption>Hotel Indigo Brisbane Fortitude Valley is part of the Pointcorp stable</figcaption>
</figure>

Alongside 30 high-end apartments and 1,000 plus square metres of commercial space, the project has also signed on&nbsp;IHG to operate 146 hotel rooms. It has a nominal completion date of 2020.

Pointcorp's bread and butter to date has been residential projects across Brisbane.

Construction continues on&nbsp;Teneriffe's Fabric Apartments which includes 73 dwellings within a golden-clad Cottee Parker-designed mid-rise. Construction recently wrapped up on The Maxwell at New Farm's&nbsp;40 Maxwell Street, and Pointcorp has in its keep a luxury Elenberg Fraser-designed project next door.

44 Maxwell Street is a&nbsp;riverfront block that has approval for&nbsp;14 three bedroom apartments capped by a single penthouse. A sizeable rooftop terrace and pool would maintain&nbsp;sight lines over Story Bridge.

<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/p8310239-1024x768.jpg" rel="gallery-all" title="Pointcorp's image of Fabric's construction progress during August"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="435" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/p8310239-1024x768.jpg?itok=W8R7Po-S" title="Pointcorp's image of Fabric's construction progress during August" width="580" /></a>

<figcaption>Pointcorp's image of Fabric's construction progress during August</figcaption>
</figure>

Pointcorp adds a luxury Burleigh Heads project to its boom portfolio

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Located 23km east of Melbourne’s CBD, Ringwood is beginning to fulfil its potential as a state government-designated development area. Considered fringe suburbia until 15 years ago, Ringwood has enjoyed a substantial growth in recent years, with Apartments.com.au currently tracking 19 projects at various stages of their respective life cycles within the Ringwood Metropolitan Activity Centre, reinforcing its status as a burgeoning satellite city.

With a population of 17,471* and rising, a range of factors have contributed to Ringwood becoming a key property hot spot with investment from both the private and public sectors. The major catalysts has been the $66 million redevelopment of Ringwood Station and the $665 million expansion of Eastland Shopping Centre, which also included a Sage Hotel - the first to be developed above a shopping centre in Melbourne.

Additionally, as Melbourne seeks to decentralise into a series of 20 minute neighbourhoods, Ringwood is capitalising on its proximity to schools, freeways, public transport and major shopping destinations such as Eastland. 

<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/ringwood_development.png" rel="gallery-all" title="Ringwood's development pipeline"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ringwood_development.png?itok=2O9d1-rI" title="Ringwood's development pipeline" width="580"></a>

<figcaption>Ringwood's development pipeline</figcaption></figure>More recently hotel operator IHG announced it had signed an agreement to operate a Holiday Inn-branded mixed-use development, signalling its confidence in Ringwood. The development will feature 82 apartments and a 164-room hotel offering all day dining and bar, conference and meeting facilities, a gym and a swimming pool, along with on-site parking.

Opening in 2020, the Holiday Inn &amp; Suites Melbourne Ringwood is being developed by Ninety Four Feet and Omni Property Group who recently signed Hamilton Marino to build the CHT Architects-designed complex.

<blockquote>
We are thrilled to sign our second hotel with IHG, and our first hotel in Australia. Ringwood is an exciting destination, with a vibrant community and growing business investment that has included a $66 million upgrade to Ringwood Train Station and a $665 million expansion of Eastland Shopping Centre. We are confident that, with the world’s largest brand family behind it, Holiday Inn &amp; Suites Ringwood will be a huge success

- Dean Rzechta, Managing Director at Ninety Four Feet Property Development (via <a href="https://www.propertyobserver.com.au/https://www.thehotelconversation.com.au/news/2018/10/08/holiday-inn-hotel-announced-melbourne-suburb-ringwood/1538950503">The Hotel Conversation</a>)
</blockquote>

<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/holiday_inn_-_ringwood_2.jpg" rel="gallery-all" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation"><img alt="" class="image-article-full-width-580px" height="372" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/holiday_inn_-_ringwood_2.jpg?itok=3YiuxK2e" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation" width="580"></a>

<figcaption>The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation</figcaption></figure>Developer OzProperty has also found recent success with its Highwood residential development designed by DKO Architecture, which delivered record-breaking capital appreciation for Ringwood on a challenging site. Completed in late 2017, the master planned development comprises 36 town houses,with an emphasis on maximising light to interiors and providing a variety of architectural typologies along the streetscape.

<blockquote>
DKO has designed Highwood with a range of streetscape typologies to reflect families who make up a large proportion of the local area. It is no surprise that one of the homes at Highwood has broken the record for capital appreciation because Ringwood is an exciting area for everyday people who are looking to get onto the property market. It’s one of several government identified growth zones, where infrastructure and industry will be leveraged for capital growth.

- Koos de Keijzer
</blockquote>

<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/ebp_ozproperty_highwood_ringwood-6298.jpg" rel="gallery-all" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty"><img alt="" class="image-article-full-width-580px" height="202" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ebp_ozproperty_highwood_ringwood-6298.jpg?itok=xOYrAVO_" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty" width="580"></a>

<figcaption>OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty</figcaption></figure>Purchasers Lu Dongyan &amp; Duan Hongbo purchased Highwood’s Lot 26 off the plan in 2015 for $549,000 and settled the property on 6th November 2017. They decided to sell their home a few months later in April 2018 for $702,500. They making a profit of $153,500 in 5 months.

Highwood has demonstrated that demand for highly considered, architecturally designed medium density homes with multiple typologies, and close to amenity and transport are still highly sought after.

<blockquote>
The overall Melbourne market is generally challenging, however areas such as Ringwood are still maintaining strong interest from buyers. The primary reason is the recent infrastructure and private development spending has now been delivered, making Ringwood a great place to be, but another part of the story is price attainability and affordability. You can still get a 4 BR townhouse, suitable for a family, under $1m. We’re all aware the challenge in the current market is the limited liquidity and credit due to the main banks’ lending policy changes, so affordability is critical. 

Ringwood was a suburb in transition. The central Ringwood area was earmarked for over $1b in developments including the Eastland expansion, new Costco, Ringwood train station upgrade and a series of mixed use developments. Furthermore, the supply of large parcels of land was limited, so we had a unique opportunity to offer a high quality medium density solution in the backdrop of all the other higher density development activity.

With most of the infrastructure and developments now complete, Ringwood today offers a much higher level of liveability than other suburbs. It’s surprisingly walkable and the green, leafy outlook is just wonderful.

- Raghav Goel, Director, Oz Property
</blockquote>

Established in 2007, Oz Property Group is focused on delivering sustainable, considered developments around key activity zones in response to a rapidly evolving and growing Melbourne market.

* 2016 Australian census data
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Laurence Dragomir

Ringwood's development scene and property market remain strong

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The State Government yesterday pledged another $562 million toward greater Melbourne's already hefty multibillion-dollar hospital development pipeline.

Contingent upon the incumbent government being re-elected, funds will flow toward an expansion of Frankston Hospital. Initial plans would realise an 11-storey dual-winged hospital next to existing Frankston Hospital facilities that would provide an all-encompassing health services complex.

The expansion includes 120 new beds, two new operating theatres, a maternity ward, obstetrics ward, women’s clinic, children’s ward and special care nursery. Two floors are dedicated to mental health services, with an integrated cancer ward and day clinic set to treat patients who would otherwise travel to Melbourne for care.

Billed by Premier Andrews as "the biggest upgrade to an outer suburban hospital in the state’s history," construction is earmarked to begin in 2020 and would span four years, creating 1700 jobs over the life of the build.

<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/image54_10.jpg" rel="gallery-all" title="Artist impressions of new Frankston Hospital. Image: Committee for Greater Frankston"><img alt="" class="image-article-full-width-580px" height="167" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image54_10.jpg?itok=1h3gRAmB" title="Artist impressions of new Frankston Hospital. Image: Committee for Greater Frankston" width="580"></a>

<figcaption>Artist impressions of new Frankston Hospital. Image: Committee for Greater Frankston</figcaption></figure>Frankston Hospital is the latest in a lengthy line of hospital projects backed by both the public and private purse, all of which are aiming to cater toward a rapidly expanding Melbourne population.

Approximately a dozen major hospital projects are at various stages of development across greater Melbourne, with a quartet currently under construction. Headlining the build list is the $200 million <a href="/developments/st-albans-vic-3021">Joan Kirner Women's and Children's Hospital</a> located adjacent to Sunshine Hospital; designed by Lyons, Lendlease has taken to project to structural completion with lengthy fit outs to come.

Kane Constructions are overseeing <a href="/developments/malvern-vic-3144">Cabrini's Gandel Wing</a> expansion, Built are working on an <a href="/developments/east-melbourne-vic-3002">expanded Epworth Freemasons Hospital</a> in East Melbourne whilst Watpac are overseeing a $135 million expansion of Casey Hospital on Melbourne's fringe.

The projects with approval that are yet to begin construction are also sizeable developments.

Epworth have a <a href="/news/epworth-eastern-rises-to-match-box-hills-booming-populations-needs">60 metre hospital tower</a> planned for Box Hill, and future expansion in mind along Erin Street at Epworth Richmond. Also John Holland has been installed as the head contractor for the new Melbourne Heart Hospital at Clayton; the $543 million project has a completion date of mid 2022 in mind.

<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/image266.jpg" rel="gallery-all" title="Sunshine Hospital and Cabrini Malvern construction during August"><img alt="" class="image-article-full-width-580px" height="251" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image266.jpg?itok=MYlMoVT-" title="Sunshine Hospital and Cabrini Malvern construction during August" width="580"></a>

<figcaption>Sunshine Hospital and Cabrini Malvern construction during August</figcaption></figure>A number of mooted projects are in the pipeline.

Soon to become the medical epicentre of Melbourne's northern suburbs, Epping may play host to as many as three new large-scale hospitals. Northern Hospital is about to <a href="https://www.nh.org.au/northern-hospital-tower-stage-2/">see a new wing come to fruition</a>, Generation Healthcare REIT and Healthe Care Australia are poised to bring a new <a href="https://www.afr.com/real-estate/generation-healthcare-builds-big-at-epping-20170911-gyev2a">$320 million hospital</a> to the suburb whilst Prime Medical Property Group and Riverlee also have hospital development intentions in the area.

Western Health's Footscray Hospital has also been rumoured to be on the more to a new home adjacent to the Victoria University Footscray campus.

The most recent hospital to reach completion was Werribee Mercy Hospital; Multiplex undertook construction works on the Architectus-designed project with a construction value of $66.5 million.

<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/image267.jpg" rel="gallery-all" title="Werribee Mercy Hospital upon completion"><img alt="" class="image-article-full-width-580px" height="261" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image267.jpg?itok=TvzWkcf-" title="Werribee Mercy Hospital upon completion" width="580"></a>

<figcaption>Werribee Mercy Hospital upon completion</figcaption></figure>
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