A wave of investment, renewal and precinct growth continues to shape the northern edge of Macquarie Park, where daily life is supported by a rare combination of university activity, corporate employment, major retail, and expansive green corridors. It’s this convergence of amenity and connectivity underpins the setting for <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>’s <a href="https://www.apartments.com.au/new-apartments/la-vera-94-talavera-road-macquarie-park-nsw-2113">La Vera</a>, which has now topped out and is tracking toward completion in mid-2026.

Within this pocket of the precinct, residents move easily between the area’s key anchors. Macquarie Centre, home to more than 360 retailers, fresh food offerings, dining and entertainment, sits at the heart of local convenience and functions as a major transport interchange. The Metro, T1 rail line and extensive bus network place much of Sydney within quick reach, while surrounding arterial links support direct access to neighbouring districts.

[smartcode_project:default project_id=134951 project_image_fid=5829]

Green space remains a defining feature of the immediate environment. Lane Cove National Park stretches along the northern boundary of the precinct, offering bushland trails, cycling routes and quiet riverfront pockets. Shrimptons Creek and the campus grounds of Macquarie University extend these recreational networks, softening the urban setting and creating a daily connection to nature that informs the project’s architectural response.

<a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> have shaped La Vera around these contrasts. The building’s northern elevation adopts an organic, curvilinear form that mirrors the natural topography of the national park. Three sculpted forms soften the tower’s profile and encourage a stronger transition between indoor living areas, balconies and the broader landscape.

[smartcode_project:default project_id=134951 project_image_fid=223737]

Cox Director Felipe Miranda says the building’s outlook played a central role in the design process.

“The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park… The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies,” Felipe Miranda of Cox Architecture said.

Toward the city-facing side, the design shifts to a more urban expression. A gridded facade and extensive glazing capture CBD views, creating a dual strategy that blends ecological outlooks with metropolitan orientation.

[smartcode_project:default project_id=134951 project_image_fid=5827]

La Vera delivers 169 residences across one- to four-bedroom layouts, reflecting the needs of young families, downsizers, first-home buyers and investors seeking long-term certainty within a high-amenity location. From the project, residents can walk to Macquarie University, Macquarie Hospital and nearby corporate offices, reach national park trails within minutes, and enjoy retail and dining without relying on a car.

The project is delivered by Urban Property Group, a 4.5-star iCIRT-rated developer-builder with more than three decades of experience. The company has become a leader in adopting 10-Year Latent Defects Insurance (LDI), first introduced on its Parq Bexley development and now embedded into its pipeline.

[smartcode_project:default project_id=134951 project_image_fid=223727]

La Vera is the first development in Macquarie Park approved to offer this 10-year LDI policy, adding another layer of protection for purchasers and reinforcing the transparency of the construction process.

Urban Property Group CEO Patrick Elias says this assurance has become increasingly important for buyers navigating the off-the-plan market.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been… Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share,” Urban Property Group CEO Patrick Elias said.

Urban Property Group's in-house construction team is forecasting a mid-2026 completion, with <a href="https://www.apartments.com.au/project-marketer/home789">HOME789</a> appointed as the project marketer.

[smartcode_project_cta:default project_id=134951]

Staff Writer

La Vera delivers a nature-connected address within Macquarie Park’s core

<a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA</a>&nbsp;doesn’t just rise over North Sydney, it redefines it. Now in its final release, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>’s $1 billion architectural statement is not just complete, but already reshaping the way people live, connect and dine in this rapidly evolving harbourside CBD.

Positioned beside the new Victoria Cross Metro Station and boasting panoramic views across Sydney Harbour, Aura’s 386 residences crown a mixed-use precinct designed with unapologetic ambition. The curvaceous sandstone-inspired form by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, paired with <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richard Stanisich</a>’s understated interiors, sets a design tone that’s both monumental and intimate.

At its peak, literally, the two penthouses so spectacular they command their own names; La Davina and Il Magnate. The residents are spread across the&nbsp;entire top floor, offering what many consider the most refined residences ever built in North Sydney. Designed by Richard and Kirsten Stanisich, each four-bedroom home is meticulously crafted to evoke calm, space, and permanence.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/VB70993aG-I?si=adRBlXQliYmYvaSz" title="YouTube video player" width="560"></iframe>

The kitchens are fully wrapped in natural stone, with integrated Gaggenau appliances, Sub-Zero fridges, concealed sculleries, and even a zip hydro tap delivering boiling, chilled and sparkling water on demand. A linear stone fireplace anchors the open-plan living space, dividing lounge and dining zones with quiet sophistication.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292861]

The master suite, meanwhile, feels more like a private retreat, complete with a custom stone makeup vanity, walk-through dressing area, and spa-inspired ensuite with heated stone floors, a freestanding Villeroy &amp; Boch tub, and timber veneer joinery throughout.

Kirsten Stanisich, Director of Richards Stanisich, said the penthouses offer incredible scale reflective of a single residence.&nbsp;

“We sought inspiration for these remarkable residences from the classic top-floor Parisian apartment," Stanisich said.

"We looked at what made these French apartments so elegant and found it really came down to their scale. It was ultimately this generosity of space that we used for the AURA penthouses, where we’ve designed considered rooms with deep large-scale proportions."

[smartcode_project:default project_id=30959 project_image_fid=310337]

Everyday living at Aura feels no less elevated. A dedicated 24-hour concierge, Technogym fitness centre, sky dining terraces, and a resort-style pool serve a lifestyle designed to rival luxury hotels.

At street level, Aqualand’s own hospitality arm, Etymon Projects, curates a precinct of LA-style bistros, Japanese fine dining, and local wine bars, all seamlessly integrated into the building’s sculptural podium.

[smartcode_project:default project_id=30959 project_image_fid=310337]

This final chapter, aptly dubbed The Finale, is more than a sales phase, it’s an invitation to two of the most exclusive apartments ever to be built in North Sydney.

With limited residences remaining, buyers can access curated incentives including stamp duty rebates, rental guarantees, legal fee coverage, and even $20,000 towards dining within the precinct.

From generous one-bedders to The Icons, two singular penthouses priced well into prestige territory, Aura’s offerings reflect a scale and calibre rarely seen in urban Sydney. And with move-in now immediate, this is no longer a promise of future luxury. It’s happening.

[smartcode_project_cta:default project_id=30959]

Aqualand unveils penthouse collection at AURA By Aqualand in North Sydney

There’s no sign of the development wave that began several years ago slowing along Old Burleigh Road.

Around 10 new apartment developments are either underway or preparing to launch along the 800-metre strip stretching from the southern edge of Surfers Paradise towards the heart of Broadbeach, collectively adding just shy of 1,000 new apartments to the beachfront corridor.

The latest plans propose a further 30 apartments to replace an original six-unit walk-up on a 658 sqm site at <a href="https://www.apartments.com.au/new-apartments/20a-old-burleigh-road-surfers-paradise-qld-4217">20A Old Burleigh Road</a>. The 14-storey building has been designed by Ferro Chow Architecture, which recently joined the Elevation Architecture Group.

The developer behind the project is Geoffrey Booth, whose Future Liv In has focused on delivering rental accommodation across regional Australia.

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="99d393e7-d404-43bc-80cb-6255c39b83d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.44%E2%80%AFPM.png?VersionId=ZFT8F3mOny4M4ut.kFF3woC9WH9oR5gT" />

The Old Burleigh Road development will comprise 18 two-bedroom apartments, 10 three-bedroom apartments, and a single four-bedroom residence occupying the entirety of level 12. Above, the building will be crowned by a two-storey penthouse with its own private lift, several multi-purpose rooms, and two rooftop terraces — one featuring a puppy lawn and spa, the other offering a private swimming pool, sunset deck, and built-in barbecue.

Resident amenities will be located on the second level and include a pool with adjoining spa, cabana, and pool deck, along with an indoor residents’ lounge featuring a bar and an alfresco barbecue kitchen.

In the architectural statement submitted by Elevation Architecture, the project is referred to as “UMI”, which the firm says has been “inspired by the majestic hinterlands and shaped by the coastal climate”.

“It is an exemplar of how community living can still feel at one with nature, breathable, and deeply connected in place,” the architects noted.

They added that the site benefits from established building separation to adjoining towers, helping to maintain privacy, sunlight, and residential amenity, while still offering direct beach access within an urban setting.

“Drawing inspiration from the Gold Coast hinterlands and the region’s natural landscape, the podium and tower detail highlights the contrasting elements of treetop green and cliff-face peach. The vibrant texture and materiality shaped by time has a richness in depth and character.”

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="b3d6c923-a0ab-4d74-86da-177313447e8e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.38%E2%80%AFPM.png?VersionId=i2fygmoVQM6hWpbATTAW_yTitoMTrnI1" />

Old Burleigh Road has become a hotspot for developers, with the three-tower Jewel development kickstarting a wave of projects up and down the strip when it was completed in 2020.

Currently under construction and approaching completion is <a href="https://www.apartments.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach-qld-4218">FARO Broadbeach</a> by 5Point and Bottega, 21 large-scale half- and full-floor apartments. 5Point is also behind the recently launched <a href="https://www.apartments.com.au/new-apartments/lumara-108-old-burleigh-road-broadbeach-qld-4218">Lumara</a>, another 37 apartments to add to the pipeline.

Luxury builder GRAYA is progressing construction on <a href="https://www.apartments.com.au/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach-qld-4218">Enclave</a>, its first Gold Coast tower, while Polycell remains the most active developer on the street. They are preparing to launch <a href="https://www.apartments.com.au/new-apartments/sandpiper-broadbeach-155-old-burleigh-road-broadbeach-qld-4218">Sandpiper</a>, a 50-storey redevelopment of the former Sandpiper Holiday Resort that will deliver around 200 apartments alongside extensive resident amenity. The group also has another 130-apartment project approved nearby, as does <a href="https://www.apartments.com.au/news/qld/dvb-approved-for-second-broadbeach-apartment-development">Dean Gallagher’s DVB Projects</a>.

Joel Robinson

First look: Old Burleigh Road apartment development wave continues

Sunshine Coast developer Habitat Development Group continues to position itself as one of the region’s largest new apartment developers.

Its latest project is in Maroochydore, where it is currently delivering <a href="https://www.apartments.com.au/new-apartments/the-millwell-2-millwell-road-east-maroochydore-qld-4558">The Millwell</a>. Adjacent to the new 53-hectare Maroochydore City Centre project, Habitat is planning a further 180 apartments on a 3,468 sqm site at <a href="https://www.apartments.com.au/new-apartments/132-136-aerodrome-road-maroochydore-qld-4558">132–136 Aerodrome Road</a>. The site was purchased with approval for a smaller 13-storey, 103-unit building.

Habitat will demolish the two existing retail centres, currently home to the Salvation Army Family Store and Neighbours Aid, and replace them with an 18-storey building featuring the significant rooftop amenities that have become a hallmark of Habitat developments in recent years. The rooftop will include both indoor and outdoor spaces, anchored by an infinity swimming pool.

<img alt="Maroochydore" data-entity-type="file" data-entity-uuid="ad434d07-666b-4614-b33e-530ad6a2d261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.33%E2%80%AFAM.png?VersionId=7pyLsPWKQuwv0us3_v.9DmbzEc2VZe9Z" />

There will be a mix of one- to four-bedroom apartments.

The Development Assessment Report, submitted to the Sunshine Coast Council, says the proposal&nbsp;is not speculative, but a response to both zoning intent and demonstrated housing need.

“The proposed development represents an appropriate and logical intensification of the site, consistent with the planning framework and the intended urban outcomes for the locality.”

Across the Sunshine Coast, councils are increasingly scrutinising not just height or yield, but whether new projects genuinely align with the long-term structure plans underpinning growth corridors. The&nbsp;ASTP Planning Report&nbsp;reinforces the approach, noting that the project has been shaped around site responsiveness rather than generic typology.

“The development has been designed to respond to the physical constraints and opportunities of the site, while delivering a high-quality residential outcome that integrates with the existing and emerging urban context.”

<img alt="Habitat" data-entity-type="file" data-entity-uuid="3a03fc54-4ca5-4868-88d0-eeced70604e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.28%E2%80%AFAM.png?VersionId=1pkK3lJrrZjkghTLBReM2zatcas4Nc4B" />

In mid-2025, Habitat, a developer that also builds its own projects, commenced construction on The Millwell, located just over one kilometre from the new proposal. The Millwell will comprise more than 200 apartments across two eight-storey buildings.

Habitat also has two projects on Lake Kawana in Birtinya: <a href="https://www.apartments.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya-qld-4575">St Clair</a>, a 200-unit, two-building development launched last year and set to welcome buyers this year; and Esperance, a 175-apartment project currently progressing through the development approval process.

First look: Habitat continues to bolster Sunshine Coast apartment pipeline with Maroochydore development plans

John Camilleri, the breeder of legendary racehorse Winx, is set to deliver a landmark two-tower beachfront development that would redefine the Surfers Paradise skyline.

Camilleri, who spent around $100 million acquiring development sites across the Gold Coast in 2025, has lodged plans for two new towers on the dress-circle stretch of Garfield Terrace, just two days before Christmas.

In assembling the site, Camilleri's Celestino Developments has effectively acquired the 71 Garfield project by Iris Capital and AALTO by Weiya Holdings, creating an unrivalled <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">4,000 sqm beachfront holding along Garfield Terrace</a>.

The proposal comprises two residential towers of 55 and 48 storeys, linked by a dramatic skybridge which will home “exclusive VIP and wellness amenities.”

In total, the development would deliver 275 two-, three- and four-bedroom apartments across the two towers, rising above a shared landscaped podium that incorporates a central green space and a beachfront swimming pool stretching more than 90 metres.

<img alt="DBI" data-entity-type="file" data-entity-uuid="097900f3-6bef-4919-b168-b08f2f762876" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.37.58%E2%80%AFAM.png?VersionId=et0SpmcvaPPVrexI_zWi46BVFtZBxAzx" />

Architecture firm DBI, in documents submitted to Gold Coast City Council, said the project at 63–79 Garfield Terrace would “establish a new benchmark for beachfront residential living on the Gold Coast.”

"The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience. Together, the 48-storey North Tower and 55-storey South Tower form a distinctive twin-tower composition whose dynamic silhouette will make a significant contribution to the Surfers Paradise skyline."

DBI said the architectural language draws inspiration from the fluidity and movement of the coastal landscape.

"Each tower is defined by organic, curving forms and continuous balcony ribbons that wrap the buildings, providing deep shading, enhancing environmental performance, and reinforcing the rhythmic, sculptural expression of the façade. These balcony forms also reduce the apparent mass of the towers while maintaining strong visual continuity from podium to summit. Sculpted reflective downturns run along the western spine of both towers, shifting and lifting as they extend upwards to frame service zones and open eastward to maximise ocean views."

<img alt="Garfield" data-entity-type="file" data-entity-uuid="a2a00ce3-a0e9-45d6-b4b5-b7baed592ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.53.40%E2%80%AFAM.png?VersionId=DnruWV1dhLrtXOeElwekyd7vPq2gw55t" />

The project’s most striking feature is the skybridge at level 45, which will house executive lounges, formal dining spaces, wellness facilities and panoramic ocean-facing views.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI added.

The podium will host an extensive suite of recreational amenities, including resident lounges, private dining rooms, a large open green lawn, and the signature 90-metre pool stretching along the beachfront. The pool is divided into lap, lounge and children’s zones.

The southern end of the podium will accommodate additional wellness facilities, including a gymnasium, plunge pools, treatment rooms and a dedicated yoga lawn.

<img alt="Garfield" data-entity-type="file" data-entity-uuid="ee1b4f25-231f-4804-83b1-a573a1481962" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.55.47%E2%80%AFAM.png?VersionId=zObzIA3D5w7EwqPsHjr2pKrA4vbB28zL" />

There will be 127 apartments in the North Tower and 148 in the South Tower, including multiple penthouses, while the Enderley Avenue and Oceanway frontages will be activated by a series of food and beverage tenancies.

Camilleri emerged as the most active site acquirer on the Gold Coast in 2025. He spent just over $30 million acquiring Pacific Point, a 10-level Surfers Paradise apartment block and an adjoining three-level duplex, from fellow racing identity and Aquis billionaire Tony Fung. Plans are now underway for a 93-apartment, 40-storey tower on the 1,682 sqm site.

He also paid $53.65 million for the 1,500 sqm Garfield Terrace site previously marketed as AALTO by Weiya Holdings, before acquiring the adjoining parcel from hotel billionaire Sam Arnaout’s Iris Capital, the developer behind V&amp;A Broadbeach.

First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge

Fairfield

A 2015 apartment complex in Melbourne&#39;s Fairfield has seen keen buyer interest given their provision of study nooks.

The latest offering was snapped up in 22 days, after the marketing advised a dedicated study nook added extra work-from-home flexibility to the smart, modern apartment in the heart of Fairfield.&nbsp;

Melbourne&#39;s CBD has seen one of the slowest return to work rates among the capital cities.

The apartment is about eight kms from the CBD.

[smartcode_project:default project_id=2497 project_image_fid=11225]

Situated on the ground floor, there was an attractive paved and landscaped terrace off the living area in the 70 sqm apartment.

It came with an European laundry, car space and storage cage.

It was sold by Woodards agent Andrew Guarino.

The apartment last sold off the plan in 2014 at $425,850.

It was advertised in late 2017 as a $400 a week rental.

<img alt="" height="655" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nook.jpg" width="997" />

&quot;Sleek finishes paired with oak floors created an engaging living and dining domain, flooded in natural light,&quot; his marketing advised.

There was a Bosch equipped Caesarstone kitchen.

&quot;Lifestyle and location are first-class with the vibrant cafes, restaurants and shopping of Fairfield Village at your door.

&quot;There is easy access to buses and trains, with the added bonus of Fairfield Boathouse, Yarra Bend Park and bike trails within walking distance,&quot; Guarino advised.

The development application lodged with Darabin Council in 2013 sought 35 apartments comprise 14 one-bedroom and 21 two-bedroom dwellings, and 33 car parking spaces in the basement.

The four storey complex replaced two Edwardian era homes.

The $508,000 sale was at 3/62-64 Station Street 

jchancellor

One bedder with study nook fits the bill in $508,000 Fairfield sale

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block of 12 residential units in Fairfield has been sold under the hammer for $3,910,000.
The 1,252 square metre property at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLeGnfqPgIdmzmVW8USMH2yRAUyHv8q5VWPKM4HOTcI/vgbUU40dRApZ3AYyoFpMMFU5rZIBH5YezVayWq2FlwjDRuJXmiKLnlJ&amp;rh=ff0056a07190f28fc36e721b9948b5621bb838d2" target="_blank">30 Railway Parade</a> provides a potential gross income of about $200,408 per annum.
The property was marketed and sold by Ray White Commercial NSW – Western Sydney Associate Director Victor Sheu, Managing Director Peter Vines and Director Joseph Assaf, in conjunction with Stanton Hillier Parker.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/unnamed%201%201.jpg" alt="">
Sheu said after a campaign that received more than 85 enquiries, the property sold to a private investor.
“We had interest from Sydney investors, Asian investors, unit traders and local high-net-worth investors from the Fairfield and Cabramatta region, resulting in nine registered bidders on auction day,” he said.
“Developers did enquire on this asset, as it was zoned R4 and capable of being rebuilt into new units, but the investment market at the moment is stronger than development.   “The block had 10 of 12 units occupied at the time of sale and bidding started at $3,000,000. It took more than 30 more bids to climb up to the sale price that was $160,000 over reserve.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/unnamed%202.jpg" alt="">
Vines said the Fairfield was similar to Western Sydney in that it attracted a lot of local owners.
“The locals like to stay in their area and a few bidders in attendance were from the region, but what attracted the number of bidders was the investment nature of the property,” he said.
“With the lack of investment opportunities in the market, buyers are eagerly looking for more opportunities where there's an existing income and a flexible exit strategy.
“The market for blocks of units have always performed well amongst private investors due to its low-risk nature.”
Assaf said Fairfield happened to also grasp a lot of Asian attention due to its proximity to Cabramatta.
“It benefits from its close proximity to both Parramatta and Liverpool CBD, which are both booming and looking to increase employment where housing will be required,” he said.
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jonathanchancellor-7SQnKwU6yx

Fairfield residential block sells for $3.91 million at auction 

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There were 13 registered bidders at the weekend mortgagee auction of a contemporary Fairfield residence in Brisbane, but it still went back in price from its sale three years ago.
Geoff Sellars of Ray White Innerly secured had 30 groups through <a href="https://www.realestate.com.au/property-house-qld-fairfield-132082734" target="_blank">124 Brisbane Corso</a> which sold under the hammer for $1.49 million after a massive 92 bids.
It last sold sold at $1,595,000 in 2016.
The 2002-built home has five bedrooms, two bathrooms and a home office.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/29/Brisbane%20mortgagee%202.jpg" alt="">
It features a galley style kitchen with stainless steel European appliances, side by side Highlander gas cooktop, built-in wine fridges and Calcutta marble benches.
A second living area opens to a deck that runs to the swimming pool.
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j.ballantyne1990-6AQqhLzZaK

Contemporary Fairfield mortgagee home sells for $100k loss after 92 bid auction

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An entire block of eight units in Fairfield have been purchased for $2.82 million following post-auction negotiations.
The buyer of 378 The Horsley Drive, Fairfield is a non-profit organisation.
Set on an 828 sqm site, the asset is fully leased with strata subdivision.
<img src="https://f.datasrvr.com/f1/419/24442/Fairfield_2.JPG">
The property was marketed and sold by Ray White Commercial NSW Associate Director and Licensee in Charge Joseph Assaf and Sales Executive Robert Napoli.
Mr Assaf said it was a strong campaign with interest coming from a wide array of potential buyers, including both private and government funded housing providers
“The property is within walking distance to the thriving Fairfield town centre and train station, with all units having recently been renovated with generous floor plans and on-site parking.
“The asset delivers a current passing income of $155,220* p.a. and with value-add potential, and the fact we had four competing bidders on the day, it highlights how much this opportunity was appreciated," he concluded.
<img src="https://f.datasrvr.com/f1/719/83004/Fairfield_3.JPG">
The eight units consist of 7x2 bedrooms and 1x1 bedroom.
It is zoned B4 Mixed Use.
All the units have laundries, mirror built-ins to main bedrooms and the building has two additional storerooms plus a caretakers bathroom.
Situated close to the Fairfield Public School, it's 350 metres away from the Fairfield railway station and the town centre.
Last sold in 2016 as a block of 8, the building sold for $2.3 million despite an asking price of $2.49 million.
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Fairfield apartment building sold post-auction for $2.82 million

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A leased office warehouse 170 Grange Road Fairfield has sold for $1,910,000, $600,000 in excess of the vendor reserve. 
The auction attracted over 50 bids with three bidders fighting it out until the end. 
An established Melbourne private investor family was the successful purchaser
The freehold property has an area of 809 sqm on which is the building area of 702 sqm with a 20 metre street frontage to the eastern side of Grange Road. 
For the business conducted on site there is off-street parking on the property foreground for eight vehicles. 
The tenant Dastech Pty Ltd trading as ‘Cars of France’ holds a four year lease that commenced in January 2017 with one further two year option to renew included. 
The current annual rental is $66,430 gross plus GST to give an indicative net yield at the selling price of 3.1%. 
Gray Johnson director Matt Hoath noted that Grange Road is a major feeder access road to the Fairfield Industrial precinct and the extensive industrial and commercial areas further north to Bell Street Preston in particular. 
“There are major infrastructure works underway around the junction of Heidelberg and Grange Roads."
“We think all these construction works have enhanced the appeal of the Fairfield industrial precinct and the offer of 170 Grange Road was a timely opportunity for investors and land bankers” Mr Hoath says.
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170 Grange Road Fairfield sells for 46% above reserve

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The second Nightingale model project, known as Nightingale 2.0 was submitted for planning earlier this year. Located at 72A Station Street, Fairfield, it has been designed by Six Degrees Architects with James Legge as the lead architect and developer. Following in the footsteps of its predecessors The Commons and Nightingale, the project is an alternative development model which seeks to deliver quality living spaces which enrich the lives of the occupants but also contribute to the streetcape and greater community.

The 5-storey proposal, replaces an existing permit for a nondescript office building of five levels with the permit due to expire in June 2017. Overall the building comprises 20 apartments above three retail tenancies on the ground floor with frontages along Railway Parade and Station Street. The apartments are a mix of four one-bedroom, 12 two-bedroom and four three-bedroom apartments. The tenancies are designed to help with street activation and improve the amenity of the station precinct and engage with the community by inviting them to have a coffee or do their grocery shopping there, depending on the final retail mix.

<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/nightingale_ground_level_tenancy.jpg" rel="gallery-all" title="Nightingale ground level plan."><img alt="" class="image-article-full-width-580px" height="247" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/nightingale_ground_level_tenancy.jpg?itok=OUPrwWAj" title="Nightingale ground level plan." width="580"></a>

<figcaption>Nightingale ground level plan.</figcaption></figure>The apartments above are all designed with liveability and environmental sustainability as key design drivers. The apartments feature high ceilings, northerly aspect, cross ventilation and natural light to all habitable rooms. In addition to the provision of a private balcony to each apartment, the roof top is dedicated to communal use, containing laundry, clothes lines, vegetable gardens and a large outdoor dining and social environment. While the sense of community can never really be forced onto someone the project seeks to facilitate and foster this and certainly the target market for this type of project would be receptive to the concept.

Externally the building has been designed to be visibly active and inhabited while significantly adding to the amenity of the Railway Place and the station precinct. The building’s elevations will be largely comprised of textured concrete panels, with external walkways on the street side helping to break up the visual bulk of the building and providing access to apartments. This also animates the facade and allows for a degree of passive surveillance to the street below while encouraging resident interaction.

<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/nightingale_render.jpg" rel="gallery-all" title="Nightingale 2.0 Station Street perspective. Image courtesy Six Degrees"><img alt="" class="image-article-full-width-580px" height="349" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/nightingale_render.jpg?itok=gZ9aMC3P" title="Nightingale 2.0 Station Street perspective. Image courtesy Six Degrees" width="580"></a>

<figcaption>Nightingale 2.0 Station Street perspective. Image courtesy Six Degrees</figcaption></figure>As a general recap for those who may be unaware, the aim of the Nightingale model is to provide quality value for money urban housing by simplifying both the development process and the building itself. Where a lot of projects adopt the more traditional development model of apartments designed to investor specifications for maximum yield.

<blockquote>
Regular people who want their money to create quality, liveable buildings fund the Nightingale Model. It isn't about profit maximisation. Instead, the model seeks reasonable returns whilst maximising social and environmental outcomes through exceptional design.
By way of material reduction, we seek to implement an ideology of simplicity. We envision an architecture governed by humanity and functionality - buildings that satisfy fundamental needs complemented by the beauty of architectural delight.
<cite>Breathe Architecture</cite>
</blockquote>

<figure><a 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/developers-vs-architects.jpg" title="Developer vs Architect" class="colorbox colorbox-insert-image" rel="gallery-all"><img src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/developers-vs-architects.jpg?itok=bnxURXwZ" width="580" height="191" alt="" title="Developer vs Architect" class="image-article-full-width-580px"></a>
<figcaption>Developer vs Architect</figcaption></figure>The Nightingale Model database currently comprises over 800 interested purchasers. During the design process for Nightingale 2.0 the database was surveyed and 180 responses were received from purchasers interested in living at 72a Station Street. The results of the survey directly informed the building design, apartment size and mix. 17% of respondents confirmed a desire to purchase larger 3 bedroom apartments. As a result, along with 1 and 2 bedroom apartments, 4x 102sqM 3 Bedroom apartments have been included in the proposal.

<h2>ESD features</h2>

One of the primary goals of Nightingale 2.0 is to achieve excellent Ecologically Sustainable Design (ESD) performance. Key measures incorporated to achieve this objective include;

<ul>
<li>Highly energy efficient 7.5 star minimum design, supported by double glazed timber windows and high levels of insulation throughout</li>
	<li>No air-conditioning required to maintain comfortable temperature ranges.</li>
	<li>Shared rooftop laundry, veggie garden, bee hives, clothes lines and fireplace.</li>
	<li>Low impact materials including recycled timber floors and low or zero Volatile Organic Compounds (VOCs) in materials and finishes.</li>
	<li>Zero fossil fuels and 100% renewable energy during operation, supported by 15 kW rooftop solar system, high efficiency centralised systems and a bulk purchase of Green Power</li>
	<li>Rainwater reuse for toilet flushing and irrigation, and wicking bed planters for rooftop vegetable garden.</li>
	<li>Integrated sustainable transport, including zero car parking, car share vehicle space (subject to Council approval), 46 secure bicycle parks</li>
</ul>
The development team expects sales on Nightingale 2.0 to commence within three months of successful receipt of a planning permit. The project will then be completed within 12-15 months of construction commencing.
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