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

Frankston

Pace Development Group has started 2022 with a foothold at the Mornington Peninsula&rsquo;s gateway, after the developer purchased a mixed-use site in the rapidly evolving City of Frankston for $16 million.

The 3274 sqm beachside site, located at 438-444 Nepean Hwy, was previously the location of Frankston Cinemas before becoming a vacant land parcel ripe for redevelopment.

Its current owner, a private Melbourne developer, had held the site for two years before negotiating its sale to Pace in an off-market deal.

Pace will plan around 200 apartments, with a high level of&nbsp;amenity, including an infinity pool overlooking the bay,&nbsp;and ground floor retail.

Shane Wilkinson, Managing Director of Pace Development Group, said he has had his sights set on development opportunities within the Bayside locale for some time.

&ldquo;I&rsquo;ve always had a clear mandate to be ahead of the curve when it comes to choosing up-and-coming locations across Melbourne, and offering purchasers a lifestyle in those areas that is synonymous with the Pace standard,&rdquo;&nbsp;Wilkinson said.

&ldquo;What makes this site particularly exciting is the magnificent backdrop of Port Philip Bay which will offer the majority of apartments uninterrupted water views.

&ldquo;We are currently working through early concepting of a U-shaped building that will allow the maximum number of apartments to enjoy panoramic views of the bay.

&ldquo;Our design brief emphasises Pace&rsquo;s commitment to developing buildings that are truly iconic and timeless in their architectural language.&rdquo;

Ashley Bramich, Sales and Marketing Director at Pace, said Frankston had already benefitted from strong price growth in the last year, yet its ability to cater to a discerning downsizer market has been capped until now.

&ldquo;Downsizers across the Peninsula have had very limited off-the-plan opportunities that come close to their expectations on quality and location,&rdquo;&nbsp;Bramich said.

&ldquo;With the Peninsula&rsquo;s extraordinary price growth of 20% being driven by younger sea-changers, empty-nesters couldn&rsquo;t be in a more advantageous position to sell their sprawling family properties and downsize.

&ldquo;Our vision is to create a project that meets the needs of Peninsula downsizers by focusing on larger two- and three-bedroom apartments and high-end facilities like an infinity pool looking out to a water aspect, and extensive health and wellbeing amenities.

&ldquo;Frankston offers the best of a Bayside and Peninsula lifestyle, yet being only 45 minutes from Melbourne&rsquo;s CBD allows for great connectivity for working commuters.

&ldquo;We believe the Frankston and Mornington Peninsula apartment market is limited from a planning perspective and significantly undervalued. Developments with water views in Sydney, Perth and Brisbane are all selling at significant premiums to what has been achieved in comparable locations in Melbourne.

The developer is currently in consultation with two architectural firms to refine its scheme, aiming to commence the planning process shortly in order to launch an early sales campaign in 2023

Pace will plan around 200 apartments, with a high level of amenity, including an infinity pool overlooking the bay, and ground floor retail.

Pace set for Frankston, Mornington Peninsula apartment development

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Busker turned Aria Award winner Tones and I has bought a house in Frankston.
Tones, born Toni Watson, who recently topped music charts across 30 countries with megahit 'Dance Monkey', has nabbed a house in the Lakewood Estate.
She reportedly paid around $800,000.
<img src="https://www.urban.com.au/images/2020/1/22/1_TT_Frankston%20Pier.jpeg" alt="">
Frankston Foreshore and Pier. Source: <a href="https://www.visitmorningtonpeninsula.org/PlacesToGo/Walks/AllWalks/tabid/399/View/5b025d2191da27d630bec0e4/Frankston-Foreshore-and-Pier-Walk/Default.aspx" target="_blank">Mornington Peninsula</a>. 
The purchase suits the chart topper who grew up in Mount Martha on Mornington Peninsula and famously lived out of her van and in a hostel rent-free. 
Tones set a historic record as the longest-running #1 on the ARIA Singles Chart. It is now the 24th week.
<img src="https://www.urban.com.au/images/2020/1/22/1_TT_FB.jpeg" alt="">
#VanLife. Source: Tones And I Facebook.
The artist's buyer's advocate reportedly recommended she buy in her home area of Mornington Peninsula, but she opted for Frankston instead. 
A local real estate agent told the local paper that the Tones and I's purchase was "a vote of confidence for Frankston as a suburb that is safe and family friendly, and gaining in popularity." 
O'Brien Frankston agent Andrew Milne noted that properties in Lakewood Estate have given their owners "better capital growth and also easy access to the city via the Peninsula Link".
Main Photo: <a href="https://www.tonesandi.com" target="_blank">© COPYRIGHT 2019 ELEKTRA RECORDS</a>
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firstname1-iYD4UYzvBa

Aria-awards winner Tones and I buys house in Frankston

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After roughly five years of consistent growth, house values in Melbourne’s suburb of Frankston have seen a substantial downturn over the past 12-months that has affected both houses and units.

With a median house value in 2009 of $300,000, houses reached their peak value in mid-2018 when the median value hit $620,000.

In the past twelve months the median price has dropped too $563,500, representing a 12-month fall of $56,500.

<img alt="" src="https://www.urban.com.au/images/2019/10/18/frankston%202.png">

Similarly, units have experienced a sharp drop in value since the middle of last year.

Peaking at a median of $440,000 in 2018, the value of units dropped to $402,000 representing a 12-month fall of $37,500.

Despite the recent downturn, the median value of units in 2009 was just $202,000.

<img alt="" src="https://www.urban.com.au/images/2019/10/18/frankston%201%20units.png">

The first formal land sale in the region was conducted on the 29 May, 1854.

The 500-metre Frankston Pier is a local landmark of the suburb. Originally built in 1857, it has been both extended as well as repaired a number of times over the years.

[smartcode_project:default project_id=22699]

To learn all you need to know about Frankston, from median asking rents to household composition, <a href="/developments/frankston-vic-3199">click here</a>.

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
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wdavis-8cCN98p7xp

How is Melbourne's seaside suburb of Frankston faring in the current property market?

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A mansion on the Mornington Peninsula that was home to the former governor of Victoria, Sir Dallas Brooks, has been listed for sale.
The sprawling Frankston home has seven bedrooms and three living areas.
Ray White Frankston agent Callum MacPherson advises the home is in need of renovation, but is also offering it as a development site given its planning permit for 15 three bedroom townhouses in place.
It is being offered in conjunction with Mick Whelan at McLennan Real Estate.
MacPherson calls it a "one-off property".
<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/2019/6/29/frank%202.jpg" alt="">
He has a guide of $2.45 million to $2,659,000 for the July 13 auction of the large 7,230 sqaure metre Crathie Court parcel.
The English-born Brooks was in the navy, serving at Gallipoli, before rising through the ranks.
Brooks, who died in 1966, succeeded Sir Winston Duncan as governor of Victoria in 1949.
He retired to Frankston as Victoria's longest-serving governor in 1963 with wife Muriel, who sold in 1973.
This article first appeared in The Weekend Australian. 
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Former Victorian governor's sprawling Frankston mansion with development approval listed 

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Over the course of its tenure, a university building is required to withstand a great deal of wear and tear. With this in mind, Monash University has embarked on a <a href="/news/monash-university-refreshes-its-20-year-campus-master-plans">20-year construction project</a> – with state-of-the-art new buildings designed for longevity, world-class campus amenity and net zero carbon emission.

Monash Peninsula’s Jackson Clements Burrows-designed <a href="/developments/frankston-vic-3199">student accommodation</a> utilises Cross-laminated timber (CLT) imported from Italy. CLT is a cost-effective material which is hard-wearing and requires significantly less labour than regular construction materials such as steel or concrete and is estimated to halve embodied carbon in the building as opposed to a concrete structure.

<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/monashpeninsula_handover_017_a3.jpg" rel="gallery-all" title="Interior use of cross-laminated timber. Credit: Jackson Clements Burrows"><img alt="" class="image-article-full-width-580px" height="393" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/monashpeninsula_handover_017_a3.jpg?itok=PRbgv5lv" title="Interior use of cross-laminated timber. Credit: Jackson Clements Burrows" width="580"></a>

<figcaption>Interior use of cross-laminated timber. Credit: Jackson Clements Burrows</figcaption></figure><blockquote>
"We are thrilled with the innovative building and architectural technologies that are being applied to the student Halls of Residence at the Peninsula campus. The design and build processes have been accompanied by a determination to get every detail correct for the Peninsula Campus to have a landmark architectural initiative with unparalleled sustainability goals."

- Professor David Copolov, Pro Vice-Chancellor at Monash University
</blockquote>

Multiplex began construction in March last year, and within 12 months the building was completed and now features 150 single-occupancy units across six levels, including communal kitchens and games rooms for student use. Multiplex has extensive experience constructing progressive student accommodation and a long partnership with Monash University – completing their $145 million student accommodation precinct in 2016, the new $206 million Learning and Teaching Building and recently the $81 million Biomedical Learning and Teaching Building in Clayton.

<blockquote>
"We are thrilled to deliver this innovative student accommodation and continue our collaboration with Monash University. Student accommodation combines our skills in delivering quality residential developments with our experience in working in busy, live education environments.”

- Graham Cottam, Regional Managing Director Multiplex Victoria
</blockquote>

ESD consultants were employed to ensure the building reached a world-recognised Passivhaus sustainable building certification. The Passivhaus certification focuses on health and performance-based buildings to ensure resident comfort, as well as maintaining ultra-low energy use. The reduction of energy cost also makes the accommodation option more financially viable for students.

Other sustainability measures taken include the installation of solar panels which line the building’s roof, rainwater harvesting systems and the creation of a dry creek bed to manage stormwater flows and to connect the natural waterways of the campus.

The design is entirely electric, which again is in line with the University’s net zero carbon emission strategy.

Monash Peninsula's vision:

<blockquote>
“Peninsula campus will evolve as a vibrant ‘hillside’ university town, defined by the unique relationship between its compelling native landscape and topography, and its world-leading, next generation learning environments. 

Monash Peninsula will continue to be an industry leader in education and research, with a focus on Allied Health. The campus will build strong partnerships with the Hospital precinct and positive connections with the wider Frankston community. 

Easily accessed by public transport, the campus will support a diverse student population, day and night, and become a unique educational and cultural destination for the surrounding regions and the greater Monash family of campuses. Urban resilience and adaptability are core principles of the Masterplan, demonstrating the University’s commitment to sustainability and net zero emissions.”
</blockquote>

Learn more about the <a href="/news/monash-university-refreshes-its-20-year-campus-master-plans">Monash Masterplan</a>.
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Olivia Round

Monash Peninsula opens Passivhaus-accredited student housing

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A historic Frankston residence set across a 1153 square metre holding has been sold. 
It was sold at an undisclosed price, having been listed with a $800,000 to $880,000 price guidance.
The house situated at<a href="https://www.realestate.com.au/sold/property-house-vic-frankston-129031254" target="_blank"> 2 Cricklewood Avenue, Frankston </a>comes with three bedrooms, open plan living/dining zone, lounge and study. 
It came with a silo that was used to store wheat 130 years ago.
The rooms are connected by a spiral staircase from a sailing ship that wrecked off the coast of Frankston.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/21/mount%20martha%202.jpg" alt="">
Other features include in-ground pool, stain glass windows, decorative woodwork and fireplace. 
It is within moments to Bayside Shopping Centre, Frankston Train Station and East Link.
The suburb's median house price sits at $620,000, according to CoreLogic
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/21/frankston%202.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Historic Frankston residence with former wheat silo sold 

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<h2>Comment</h2>

Elections are fun, the posturing in the lead up to them is not, especially when another level of government gets involved.

For those from outside Victoria, the Frankston railway line on Melbourne's metropolitan rail network runs through a series of marginal seats in the Victorian Parliament and at the end of the line, the Federal seat of Dunkley is one of the Commonwealth Government's most marginal seats.

In an era when federal government population policies are keeping the immigration taps open and Melbourne is attracting a big percentage of them, there are pressures right across the metropolitan area with vacancy rates in the vast swathes of new apartments that have been completed in the past 12-24 months are down and the large numbers of people moving to the fringe as well.

In short, the fringe areas which are seeing the growth are in Melbourne's south-east (beyond Dandenong), Melbourne's north (beyond Craigieburn and Epping) and Melbourne's west and south-west (between Werribee and Deer Park). The Frankston line, and for the most part all the marginal state parliament seats, are hemmed in by green wedges inland to the east and Port Phillip Bay to the west.

The only way suburbs dotted along the Frankston railway line will help shoulder the burden of Melbourne's increasing population is through brownfields development - utilising general and residential growth zones as well as any mixed-use commercial zones in existing areas to increase dwelling, and therefore population, density.

The thing is, the bayside corridor - in political terms often referred to as the 'Sandbelt' - hasn't got all that much in the development pipeline compared to the eastern corridor along the Belgrave and Lilydale lines (this rail corridor is in the same corridor as Frankston: no more greenfields) nor the west in general.

The last Victorian election saw the area swing to the ALP and help deliver the current state government and naturally it'll be a battlefield once again because the margins are still small.

Frankston is quite a long distance from the CBD and there are plans, at least from 2013, to extend the electrification of the Frankston line to Baxter, inland, and south-east of Frankston. But much like the slither of developed land between the bay and the south-east green wedge, there's not a lot of scope for Baxter to shoulder the same burden that other regions of Melbourne's metropolitan are destined to do.

<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/b_carrum_ground_activation_3508x2480_v02.jpg" rel="gallery-all" title="Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/b_carrum_ground_activation_3508x2480_v02.jpg?itok=Jm8eEoel" title="Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority" width="580"></a>

<figcaption>Station Street in Carrum will be grade separated - image: Level Crossing Removal Authority</figcaption></figure>It was with dismay that I read in The Age a few days ago that there appears to be some backroom argy-bargy going on in relation to extending the Frankston line's three tracks southwards from Moorabbin in order to extend express services further down the bay.

Aside from the fact this region of Melbourne is not poised to do as much heavy lifting in terms of housing and employment for Melbourne's increasing population (with the except of the Moorabbin-Bentleigh area), putting political weight behind extending a third track is bygone era thinking.

The Frankston line from Moorabbin to Caulfield and the Belgrave/Lilydale lines from Box Hill to Burnley have triplicate - three - track sections which allow for the peak flow of faster trains to overtake stopping all stations.

<blockquote>
Three tracks was fashionable in Melbourne up until the 1980s, with prominent examples on the Ringwood and Frankston lines. Expresses can overtake slower trains in one direction only.

The catch is that since the 1990s, the amount of inner-city stabling has been reduced markedly, so all those trains need somewhere to go between peak hour runs.

This is problematic with three tracks — in the morning the single outbound track gets congested; this can result in delays and clogged level crossings, and may be problematic when aiming to connect outer suburban centres like Dandenong and Ringwood with express trains (in both directions) from the inner city.
<cite>Daniel Bowen - <a href="https://www.danielbowen.com/2016/02/09/how-many-tracks/">How many tracks</a>?</cite>
</blockquote>

As Daniel Bowen points out, express services on three tracks need to have trains stored at the end of the run - and the inner-city does not have that capacity anymore. 

I can understand a state or federal MP hearing his or her community's concerns about commuting times but in the wider metropolitan context, express services to the city - and doing it in a substandard way - is a luxury, especially as the region we're talking about will not be under the same pressure to shoulder the burden of population growth.
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Alastair Taylor

Two tiers of service on the Frankston is a nice to have, not a necessity

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Tilba Tilba, the 1956 Chancellor &amp; Patrick-designed Frankston South residence has been sold for $3,057,000.
The sale was settled only recently through Nicholas Lynch.
Set on 1390 sqm at <a href="https://www.realestate.com.au/sold/property-house-vic-frankston+south-123704314" target="_blank">14 Gulls Way</a>, the home has views of the bay.
The home has been updated. It was gutted by fire in 1989, then restored in sympathy with the integrity of the original design.
 Each bedroom has oversized windows and doors allowing the water views to fill the home with light.
 The open plan living is graced with American oak floors and flanked by a masterful kitchen and a majestic Moorooduc stone fireplace.
Two alfresco dining zones allow for year-round outdoor living. 
The infinity pool was installed when the works were undertaken in 2010 with appointments appropriate for a home of historical significance.
<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/2017/12/19/frank2.jpg" alt="">
Chancellor and Patrick was a Melbourne architecture firm, formed in 1953 by David Chancellor and Rex Patrick and dissolved in 1981, best known for their numerous houses designed in their signature dynamic, expressive take on organic architecture.
Gulls Way is a narrow street forming part of the subdivision of Yamala, the oldest mansion on Oliver’s Hill.
In the 1950s, the precinct became the site of an adventurous spate of Modernist architecture by local film, Chancellor &amp; Patrick.
One of the most unusual is 1 Gulls Way, which is David Chancellor’s own 1950 house.
Just across the road from David Chancellor’s family home was Polperro, the landmark Johnston House at <a href="https://www.realestate.com.au/sold/property-house-vic-frankston+south-112902131" target="_blank">6 Gulls Way</a>.
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Tilba Tilba, the 1950s Chancellor & Patrick-designed Frankston South home sold

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Through 2016 there was substantial growth in property prices throughout Melbourne’s south eastern corridor and the trend is expected to continue into 2017, according to HTW's February 2017 update.
The valuation firm says that suburbs such as Seaford and Carrum saw median house prices grow 5.8% and 8.3% respectively in 2016, with Seaford’s median house price increasing an impressive 17.2% in the September 2016 quarter alone.
The area is popular with younger families and retired couples especially, due to its close proximity to the Frankston rail line, Frankston Freeway and Peninsula Link whilst also being well serviced with local amenities, shopping precincts, schools and beaches.
With the appeal of the region anticipated to continue, it is expected that property prices will also continue to rise well into 2017.
The adjoining suburb of Frankston North is also expected to continue its momentum into 2017.
The suburb was originally one of the largest housing commission precincts in Australia and many of the original brick veneer dwellings still exist.
Low median house prices and larger land sizes have made this area popular with first home buyers and even investors looking to demolish and subdivide, the report says.
"Whilst the suburb has struggled to shake its stigma as being a rough area, its popularity is certainly on the rise.
"Median house prices grew 8.8% in the September 2016 quarter and although the growth in Frankston North isn’t as substantial when compared to its neighbouring suburbs, it has been steady in the past and is expected to continue into 2017."
For $345,000 an investor can buy a house such as the one at <a href="https://www.realestate.com.au/property-house-vic-frankston+north-124443078" target="_blank">23 Hickory Crescent</a>, Frankston North (above) that is available from over $369,999.
Similarly a three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-vic-frankston+north-124193338" target="_blank">1/9 Windoo Street</a>, Frankston North (below) was sold for $346,780.
<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/2017/02/15/1_9%20Windoo%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Frankston North an attractive and affordable property hotspot: HTW

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An Edna Walling inspired property in Frankston remains listed for sale. It was initially listed in May with $3.5 million to $4 million price guidance.
Located at <a href="https://www.realestate.com.au/property-house-vic-frankston-124190222" target="_blank">10-12 Somme Avenue</a>, the house combines 1920s architecture and modern designs. 
Sitting on 3,070 square metres of land, the four-bedroom, two-bathroom house comes with hydronic heating. 
The property is offered by Terry Sparks at T.J Sparks in Mount Eliza. It last sold in 1989 for $850,000 for 10 Somme Avenue and $330,000 for 12 Somme Avenue.
The median house price in Frankston is $440,000 according to CoreLogic RP Data.
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