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

Due North

For the last few years, property trends have reflected the importance of resort-style amenities and private resident facilities for investors and owner-occupiers alike.

These mixed-use developments have become a new sector mainstay in Australia, according to Cromwell Property Group, with developers increasingly combining commercial, retail, leisure and residential.

Making use of rooftop space is a hallmark of this new resort-style renaissance, from barbeque space to podium gardens.

Urban takes a look at four luxury Melbourne developments that boast exclusive resident-only rooftop space.

1. Voyager, Docklands 
Developer: Mirvac

[smartcode_project:default project_id=3494 project_image_fid=180330]

The ninth completed tower in Mirvac&rsquo;s Yarra&rsquo;s Edge masterplan, the Voyager tower is designed to include a variety of indoor and outdoor spaces.

These extend to the rooftop Skydeck and bar, which features a large rooftop terrace, barbeque area, firepit, yoga lawn, bar, dining room with chef&#39;s kitchen, theatre and karaoke room.

[smartcode_project:default project_id=3494 project_image_fid=180333]

The $300 million, 315-apartment development on the Docklands waterfront rises 130 metres and is home to a sweeping range of facilities.

Its resident-only amenities and contemporary apartments designed by Mirvac&rsquo;s in-house design team have boosted investor interest in the development.

2. Due North, Preston 
Developer: Caydon Property

[smartcode_project:default project_id=5502 project_image_fid=155342]

Climbing 12 levels and comprising 107 apartments, Due North is a new apartment addition to Preston&#39;s High Street.

The rooftop is the focal point of the resident amenity, featuring space for a work-out, a dedicated yoga lawn and gym area with weights and aerobics equipment.

[smartcode_project:default project_id=5502 project_image_fid=155331]

The tiered rooftop also includes an infinity pool with views to Melbourne, built-in seating and barbecue areas for entertaining.

Designed by Caydon Architecture, Due North is situated just 20 minutes away from Melbourne&rsquo;s CBD and features a co-working area and three retail spaces.

3. Seafarers, Docklands 
Developer: Riverlee

[smartcode_project:default project_id=27728 project_image_fid=173935]

Seafarers is transforming the city&rsquo;s last remaining Yarra River frontage into a new visionary waterfront precinct.

&ldquo;A focus on health and wellbeing was fundamental in the design process of the building&rdquo;, said Nicky Drobis, director at Fender Katsalidis.

Drobis and his design team have included numerous wellness spaces in addition to a selection of private amenities.

[smartcode_project:default project_id=27728 project_image_fid=173914]

These include a library and lounge, dining rooms, spa and sauna spaces and a rooftop barbeque and garden overlooking the Yarra River.

Centred on an inspired reimagining of the heritage-protected Goods Shed 5, the Nonda Katsalidis-designed residence will feature Melbourne&rsquo;s first international hotel-branded residences &ndash; 1 Hotel &amp; Homes, above Australia&rsquo;s first 1 Hotel.

4. Samma Place, Ivanhoe 
Developer: Samma Property Group

<img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/linden_place_samma.jpg" width="1200" />

Bringing luxury apartment living to Ivanhoe, Samma Place&rsquo;s first residential stage, Linden, will include timeless architecture and cascading garden terraces.

The distinctive address will also be home to a communal terrace on the tenth floor, featuring an outdoor barbeque and dining area, spa, sun deck, rooftop cinema and alfresco terrace.

The Level 10 amenities can be booked via the Samma Place service centre, ideal for hosting formal dinner parties or enjoying city views with friends and family.

Linden, a collection of 134 apartments, is the first of four buildings on Bell Street.

Urban takes a look at four luxury Melbourne developments that boast exclusive resident-only rooftop space

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Four Melbourne apartment developments with luxury rooftop amenity

Due North is the latest development by the respected Melbourne developer Caydon Property, located in the hive of Melbourne&#39;s lively Preston precinct.

Inspired by the industrial past of Preston, the&nbsp;fa&ccedil;ade of the 12-level High Street building features raw brickwork, exposed concrete, custom metalwork and glass.

Caydon aren&#39;t like most developers, whose standard practice is to outsource the architecture and design to an independent firm.

Urban recently sat down with&nbsp;Giuditta De Santis, Caydon&#39;s&nbsp;director of architecture and design, to discuss the Melbourne development.

[smartcode_project:default project_id=5502 project_image_fid=155335]

MK: Due North was managed and delivered by Caydon&rsquo;s in-house team. Why do you think this adds value to the project?

GDS: Working in-house allows us to take full ownership of the project, and helps simplify decision making.

Our team is very experienced and resourceful, and working in-house helps us maintain control of the overall design and ensure material consistency.

[smartcode_project:default project_id=5502 project_image_fid=155330]

MK: What was the design brief for the Architecture &amp; Design Team?

GDS: We wanted to ensure that the interiors reflected the modern yet eclectic vibe of the suburb.

So when looking at finishes and fixtures, we created a contemporary palette of stone, marble, timber flooring and a choice of grey or charcoal colour palettes.

MK: What spoke to you about Due North in particular?

GDS: Due North has a fantastic location, right in the hive of High St. Preston is a very vibrant suburb and has a great amount of local amenities.

We wanted the size of the project to reflect the area, so it&rsquo;s a more boutique-style development. &nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155332]

MK: Due North boasts a number of communal amenities. What are some of the amenities and benefits that residents can expect to enjoy?

GDS: Many of Due North&rsquo;s amenities are located on the rooftop, giving you stunning views of the city - which is quite unusual in this area. There&rsquo;s also a rooftop pool, yoga lawn, outdoor gym, and private entertaining booths with BBQs.

I think this space will be hugely popular with residents, as it allows them to form new connections in a safe and peaceful environment.

Shared spaces create a feeling of community in the building, especially in times where many of us value our immediate community, including our neighbours.

Working from home has also cemented itself in our 9-5 culture, so there are a variety of coworking spaces in the lobby. Each space is equipped with everything you&rsquo;d need to set up your laptop and work from home.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155331]

MK: What design features have you included that the average homebuyer may not notice straight away?

GDS: We really wanted Due North to reflect the current needs of our homebuyers, which is why we have focused on creating ample storage, working from home spaces, and pet-friendly living.

For example, we ensure that there are additional areas for storage when we design a floorplan - such as linen cupboards and fully fitted robes.

[smartcode_project:default project_id=5502 project_image_fid=155338]

In terms of working from home, many of our apartments have a flexi-space that you can turn into a home office, plus there&rsquo;s a coworking area downstairs that is available for all residents to use.

When choosing materials and finishes, we look at what is easiest to clean and can withstand playtime with our furry friends, such as engineered timber flooring and reconstituted stone benchtops.

Plus, all of our apartments have balconies and shared outdoor spaces that both you and your pets can also enjoy.

[smartcode_project:default project_id=5502 project_image_fid=155337]

MK: Were there any challenges during the development or design process that you had to overcome?

GDS: Melbourne&rsquo;s lockdown would be the key challenge we have had to overcome. It&rsquo;s quite hard to collaborate with our suppliers online, plus sourcing materials and samples of finishes was very difficult during this time.

However, in the end, the team really pulled together, and we were able to overcome these issues.

[smartcode_project_cta: project_id=5502]

Caydon director of architecture and design, Giuditta De Santis, discusses the Melbourne development

"The interiors created to reflect the modern yet eclectic vibe of the suburb" - The design details behind Due North, Preston apartments

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 Melbourne developer, Caydon Property, are offering a number of different floor plans for buyers to choose from at their new Preston apartment development, Due North.

There are five different configurations currently available across the 107 one, two and three-bedroom apartments, spread over the 12-level High Street building.

All the three-bedroom apartments have been snapped up.

Due North is crowned by a luxury rooftop space and features a co-working area and three street level retail spaces.

Caydon&#39;s in-house design team designed Due North, with sustainable architecture, with each apartments possessing a 6.5 Star Energy Rating from NABERS.

[smartcode_project:default project_id=5502 project_image_fid=155335]

Urban has taken a closer look at some of the floorplan configurations left at Due North, located only 20 minutes away from the Melbourne CBD and within walking distance from Raglan Street.

1. The 57 sqm, one-bedroom apartments 
Priced from $482,000

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="510" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.09_am.png" width="696" /></a>

The one-bedroom apartments with a built-in home office area at Due North start from 57 sqm and feature&nbsp;an open-plan living and dining area and an L-shaped kitchen.

[smartcode_project:default project_id=5502 project_image_fid=155340]

Kitchens feature reconstituted stone benchtops and splashback, with the choice between two colour schemes, a matte charcoal scheme and a light oyster grey scheme.

There&#39;s a further&nbsp;11 sqm balcony.

2. The 74 sqm, two-bedroom apartments 
Priced from $605,710

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="490" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.22_am.png" width="680" /></a>

Residents have a number of different floorplans to choose from across the&nbsp;61 two-bedroom, two-bathroom apartments on offer.

Offered with a car space, one of the&nbsp;two-bedroom apartment floorplans has&nbsp;74 sqm and features&nbsp;a master bedroom with ensuite and built-in robes.

[smartcode_project:default project_id=5502 project_image_fid=155333]

The home, which includes a 10 sqm balcony and an open-plan living and dining area, has floor-to-ceiling windows, timber flooring and Baumatic appliances.

There is an option to upgrade appliances to Smeg, as well as elevate your living with a choice of larger balcony, island bench with breakfast bar or add a second parking space.

3. The 82&nbsp;sqm, two-bedroom apartments 
Priced from $729,906

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="602" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.43_am.png" width="802" /></a>

The largest apartments on offer at Due North are 82&nbsp;sqm, and have two bedrooms, set privately on the opposite sides of the apartments, and a home office space.

[smartcode_project:default project_id=5502 project_image_fid=155332]

The apartments&nbsp;also have&nbsp;a 25 sqm, north-facing balcony that runs the full length of the apartment, opening out from the&nbsp;both the living space and master bedroom.

These apartments come with two parking spaces.

[smartcode_project_cta: project_id=5502]

Urban takes a look at three floorplan configurations that characterise the living experience at Due North

Floorplan focus: Caydon Property offer buyers multiple configurations at Due North, Preston apartments

The team at the Melbourne development company Caydon Property have ranked shared amenity as a priority in their new Preston apartment development, Due North.

&ldquo;There&rsquo;s been a shift in the way we work, which has been reflected in the spaces we&rsquo;ve designed for Due North&rdquo;, Caydon Architecture &amp; Design director, Giuditta de Santis, told Urban.

The working from home trend has seen Caydon create a co-working space in the lobby of the 12-level, 107-apartment development on the sought-after High Street.

[smartcode_project:default project_id=5502 project_image_fid=155330]

The rooftop is the focal point of the resident amenity.

There&#39;s space for a work-out, with a dedicated yoga lawn and gym area with weights and aerobics equipment.

The tiered rooftop also features an infinity pool with views to Melbourne, reminiscent of luxury pools found in Australia&#39;s best penthouses.

[smartcode_project:default project_id=5502 project_image_fid=155342]

Also on the roof is built-in seating and barbecue areas for entertaining.

There will be three retail spaces on the ground floor, offering the ultimate convenience for residents. Due North also has a walk score of 91, putting residents within walking distance of a number of bars and restaurants, as well as partklands and schools.

[smartcode_project:default project_id=5502 project_image_fid=155335]

All apartments come complete with a bike space, to help residents cut down on transport carbon emissions and encourage the exploration of the local surrounds.

Resident at Due North can &ldquo;live clever&rdquo;, thanks to the&nbsp;Caydon app that&nbsp;will help residents&nbsp;request repairs,&nbsp;reserve shared spaces, and even pay some of their bills.

Prices at Due North start from $352,000.

[smartcode_project_cta: project_id=5502]

“There’s been a shift in the way we work, which has been reflected in the spaces we’ve designed for Due North”, Caydon Architecture & Design director, Giuditta de Santis, said.

Shared spaces designed to connect residents in new Preston apartments, Due North

First home buyers and investors&nbsp;have shown considerable&nbsp;interest in Due North, the Preston apartments currently under construction by Caydon Property.

The $352,000 asking price for the one-bedroom apartments is around $200,000 less than the median apartment price in Preston, according to the latest data from SQM Research.

The two-beds start from $590,000.

Set on the sought-after High Street, Due North will home a mix of 107 one and two-bedroom apartments.

[smartcode_project:default project_id=5502 project_image_fid=155332]

Preston is one of Melbourne&#39;s most popular fringe suburbs, nine kilometres north of the Melbourne CBD.

&ldquo;Thanks to a few decades of urban sprawl, Preston is now considered one of Melbourne&rsquo;s hottest northern suburbs.&nbsp;It seems like there&rsquo;s new, hip bars popping up on every corner&rdquo;, Timeout Magazine said.

[smartcode_project:default project_id=5502 project_image_fid=155331]

Due North has an enviable walk score of 91, with a number of&nbsp;bars, cafes, restaurants,&nbsp;retail, schools and parklands nearby.

The apartments are attracting investors, with vacancy rates seeing a steep decline from earlier in 2021. Rates now sit at around two percent, and are expected to continue to drop as international border opening draws near.

There&#39;s new infrastructure in the pipeline, with the Victorian Planning Authority currently reviewing plans for a new Preston Market Precinct, taking in 5.1-hectares of privately-owned land with integrations with Preston Station and High Street.

[smartcode_project:default project_id=5502 project_image_fid=155337]Interest in new infrastructure and great lifestyle opportunities makes the area worthy of investment, say the developers.

&ldquo;Preston is growing, fast &mdash; and we&rsquo;re not surprised&rdquo;, Caydon Property said.

&ldquo;Population density is increasing, seeing a surge in demand for apartments with a downturn in traditional houses.&rdquo;

<img alt="" height="850" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-12_at_1.31.07_pm.png" width="1492" />

Designed by Caydon&rsquo;s in-house design team, Due North draws inspiration from the suburb&rsquo;s industrial past, featuring raw brickwork, exposed concrete, custom metalwork and glass.

It will rise just the 12 levels, and will feature a&nbsp;rooftop space with a resident swimming pool, a co-working area in the lobby, and three street-level&nbsp;retail spaces.

The development is slated to reach completion in mid-2023.

[smartcode_project_cta: project_id=5502]

Set on the sought-after High Street, Due North will home a mix of 107 one and two-bedroom apartments

$352,000 Preston apartments Due North attracting first home buyers and investors

Located in the heart of bustling Preston, Due North&nbsp;is the latest residential offering to hit High Street.

Delivered by Caydon Property, the architecturally designed apartment complex boasts rooftop living, Melbourne views and spacious units.

Climbing 12 levels comprising 107 apartments, Due North features a rooftop space, a co-working area in the lobby and three&nbsp;retail spaces.&nbsp;Each level consists of a maximum of 12 apartments.

Preston is a cultural, foodie and retail hotspot beloved by Melburnians and Northsiders alike. Venture down from a sky-high abode to enjoy a&nbsp;diverse choice of restaurants, bars, breweries, fashion stores and barbers that can be found on High Street. 
[smartcode_project:default project_id=5502 project_image_fid=155330]

Urban has highlighted 10 of the best local amenities a stroll&nbsp;from Due North:

<ol>
	<li>
	&nbsp;The Famous Cedar Bakery&nbsp;(33/35 High St) is known&nbsp;for its Lebanese baked goods, excellent coffee and a range of Middle Eastern spices, pickles and other specialty goods;
	</li>
	<li>
	&nbsp;Darebin Arts &amp; Entertainment Centre&nbsp;(Cnr Bell St &amp; St Georges Rd)&nbsp;hosts a range of community productions and events in its 400 seat proscenium arch theatre and function spaces;
	</li>
	<li>
	If you&rsquo;re hosting a barbeque, place an order at&nbsp;Metaxas Meats&nbsp;(546 Murray Rd)&nbsp;for an authentic gyro spit roast to cook at home;
	</li>
	<li>
	Coming highly recommended from TimeOut,&nbsp;Retropolis&nbsp;(1 Newman St)&nbsp;is a huge converted warehouse featuring a range of retro fashion and bric-a-brac collectors;
	</li>
	<li>
	Tallboy &amp; Moose&nbsp;(270 Raglan St)&nbsp;brew a range of beers on-site and makes an excellent spot to hang&nbsp;out with the crew;
	</li>
	<li>
	A&nbsp;local favourite is&nbsp;Audacious Monk&nbsp;(128 Regent St)&nbsp;who converted&nbsp;its bar and bottleshop into a mini gourmet deli and corner shop during lockdown;
	</li>
	<li>
	There&#39;s a number of options for Chinese food&nbsp;on High Street, including Tina&rsquo;s Noodle Kitchen&nbsp;(352 High St), C-Culture&nbsp;(437 High St) and OTT&nbsp;Gold Leaf&nbsp;(419 High St), each with their own specialties;
	</li>
	<li>
	Dexter&nbsp;(456 High St) is another famed high street eatery know for it&#39;s American slow-smoked barbecue and famous hot meat doughnuts;
	</li>
	<li>
	Breaking off&nbsp;the High Street&nbsp;is&nbsp;Cheapside, home to Preston Flag Market,&nbsp;the Harris, a number of big brand shops, and independent stores and caf&eacute;s;
	</li>
	<li>
	Preston Market is located&nbsp;just off High Street and has favourites like&nbsp;Fried Hustle, taco van&nbsp;Cornutopia&nbsp;(open&nbsp;seven days at Preston Market) and Rhubarb Rhubarb Organics to name just a few.
	</li>
</ol>

[smartcode_project_cta: project_id=5502]

Delivered by Caydon Property, the architecturally designed apartment complex boasts rooftop living, Melbourne views and spacious units.

jordan_55689

A walking tour of Preston: 10 great amenities near Due North apartments

Located in the hive of Preston, Due North is the latest residential offering to hit High Street.

The architecturally designed apartment boasts rooftop living, Melbourne views and spacious apartments.

Urban takes a look at seven reasons you should consider securing an apartment at the project.

1. Located in a vibrant neighbourhood

[smartcode_project:default project_id=5502 project_image_fid=155335]

From its artisanal caf&eacute;s to trendy breweries, Preston is a cultural, foodie and retail hotspot beloved by Melburnians.

Situated within 20 minutes of the Melbourne CBD, residents at Due North can enjoy the diverse choice of restaurants, bars, fashion stores found on High Street.

Preston&rsquo;s dynamic population helps foster a sense of community and charm, and the suburb is well-serviced by lush parks and convenient transport options.

2. Delivered and designed by Caydon

[smartcode_project:default project_id=5502 project_image_fid=155342]

The 12-storey apartment is delivered and designed by the privately-owned Melbourne developer, Caydon.

The group manages every aspect of its projects from architecture and interior design, sales and development to its settlements team.

With $4 billion in the development pipeline and $2 billion in completed projects, Caydon have established themselves as a trusted Victorian developer.

3. Commissioned artwork by an Australian artist 

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="1104" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-06-10_at_12.18.45_pm.png" width="1848" /></a>Due North has teamed up with Melbourne born, Brooklyn-based artist and illustrator, Brogola, who is known for large-scale outdoor art and street murals in New York.

Customised exclusively for Due North, the artwork will reveal Brolga&rsquo;s unique characters and bold palette that reflects the heart and soul of this vibrant community.

&ldquo;The piece that I&rsquo;ve created for Due North is a snapshot of daily life in the Preston area. It contains traces of everyday city life with mixes of nature flowing through it, similar to that area of Melbourne&rdquo;, Brogola said.

4. Spacious apartments

[smartcode_project:default project_id=5502 project_image_fid=155333]

Offering 107 apartments, Due North is thoughtfully designed and inspired by the industrial past of Preston.

The fa&ccedil;ade features raw brickwork, exposed concrete, custom metalwork and glass.

&ldquo;Floor-to-ceiling windows flood the apartments in sunlight, while the spacious balconies offer a sense of freedom&rdquo;, the project marketing reads.

Other features of the apartments include timber flooring, reconstituted stone benchtops and the choice to include additional study or balcony sizes to match your needs.

5. Stunning views and great amenities

[smartcode_project:default project_id=5502 project_image_fid=155331]

Due North offers residents the chance to make the most of Northside living, boasting rooftop space, a coworking area in the lobby and three retail spaces.

&ldquo;There&rsquo;s been a shift in the way we work, which has been reflected in the spaces we&rsquo;ve designed for Due North&rdquo;, said Giuditta de Santis, Caydon&rsquo;s director of architecture and design.

The unique rooftop features a pool, an outdoor gym, yoga space, seating area and entertainment booths with barbeques.

6. Great rental returns

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="926" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-06-10_at_12.25.14_pm.png" width="1504" /></a>

Preston is highly sought-after by investors thanks to its affordability, and opportunities for great rental returns.

The Northside suburb offers one of the best rental returns and also the best overall return on investment thanks to strong rental yields.

&ldquo;Everything is close at hand in this suburb&rdquo;, the project marketing reads.

With a walk score of 91, residents are within snacking distance of the best bars, cafes and restaurants, and moments away from retail, schools and parks.

7. Sustainable considerations 

[smartcode_project:default project_id=5502 project_image_fid=155336]

Caydon is committed to sustainability, with a strong track record in delivering developments that reach a minimum 6.5-star energy rating.

The Due North project boasts environmentally conscious features and is designed to decrease your energy consumption; helping you save more on your next power bill.

Features include rooftop solar panels, bike space, increased insulation, rainwater harvesting and high-performance glazing.

Urban takes a look at seven reasons you should consider securing an apartment at Due North

Seven reasons to secure a new apartment in Preston at Due North

<html><body>
<a href="/developers/caydon-property">Caydon’s</a> latest project, <a href="/buildings/due-north-preston-70-82-high-street-preston">Due North</a>, is set to become one of the most desirable addresses in Melbourne’s inner-north.

Positioned in a prime location on <a href="/developments/preston-vic-3072">Preston's</a> High St, Due North will give residents stunning city views and a fantastic selection of restaurants, bars, breweries, fashion boutiques, grocery stores and more within walking distance. Residents will enjoy exploring the popular neighbouring suburb of Thornbury, and Melbourne CBD is just 20 minutes away.

Atop the building is a stylish rooftop which boasts resort-style amenities, including a swimming pool, outdoor gymnasium, barbecues and private entertaining booths for residents to enjoy. 

The architectural facade pays homage to the neighbourhood's industrial roots, with raw brickwork and exposed concrete featuring prominently in the design.

<figure><a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" class="image-article_full_width_580px" height="662" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/due-north-70-82-high-street-preston-4f0f80f28e3fa4ee722123fefafe2d38.jpg?itok=z5RPqIGX" title="Due North. Image supplied." width="580"></a>

<figcaption>Due North. Image supplied.</figcaption></figure>Given the current shift towards working from home due to COVID-19, Caydon have decided to integrate a co-working space in the lobby to accommodate the growing demand for the ability to work from home, plus the addition of home offices in floorplans. 

Due North will include 107 pet-friendly apartments with a maximum of 12 apartments per floor, giving residents plenty of space to relax and entertain.

<figure><a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/due-north-70-82-high-street-preston-5e53fc8387164d76420446d9b25dacd2.jpg?itok=_VBHNmAl" title="Due North. Image supplied." width="580"></a>

<figcaption>Due North. Image supplied.</figcaption></figure><figure><a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" class="image-article_full_width_580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2bed_kitchen_light_final_book_edit.jpg?itok=aqTcMdpx" title="Due North. Image supplied." width="580"></a>

<figcaption>Due North. Image supplied.</figcaption></figure>Each apartment will feature bright, contemporary living areas, with a selection of light or dark colour schemes available to choose from.

The beautifully designed kitchens feature stone benchtops and splashbacks, with stunning cabinetry in either a matte oyster grey or charcoal grey. All kitchens are complete with the latest European appliances.

<figure><a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" class="image-article_full_width_580px" height="414" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/200714_bedroom.jpg?itok=87wNzxsy" title="Due North. Image supplied." width="580"></a>

<figcaption>Due North. Image supplied.</figcaption></figure>Floor-to-ceiling windows make the most of the spectacular views on offer and fill each living space with an abundance of natural light. Throughout the apartments, you'll find integrated storage and built-in wardrobes. 

Environmental sustainability has been taken into consideration, within the design of Due North to achieve a star rating of 6.5. The development will feature rooftop solar panels, rainwater harvesting and high-performance glazing for thermal insulation.

<ul>
<li>1 bedrooms from $341K</li>
	<li>2 bedrooms from $584K</li>
	<li>3 bedrooms from $984K</li>
</ul>
For a limited time, when you purchase an apartment at Due North and you apply for the Federal Government’s $25K HomeBuilder, you will only pay a 5% deposit*.

To learn more about apartments available for sale within the Due North development, request a call from the sales agent via Urban. 

*T&amp;CS apply.
</body></html>

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