Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

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According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

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The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

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For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

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Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

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Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

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Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

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Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Glen Waverley

Golden Age has appointed Figurehead Construction to construct its second Glen Waverley project, Floret.

Figurehead have already kicked off construction of the 77-townhouse project on Ferntree Gully Road, which was approved by the local council just over a year ago.

Golden Age has sold 80 per cent of its Stage 1 release with new park front lots brought forward to cater to demand. Within a day of release, 40 per cent were snapped up,&nbsp;demonstrating the need for architecturally-designed townhomes in the growing suburb.

Designed by leading architectural firm Rothelowman, the Floret townhomes are designed to be sensitive to the site’s existing context, while capitalising on an opportunity to deliver an outstanding architectural response that will set a new standard for townhouses within the area.

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Figurehead Group Founder &amp; Managing Director Joe Grasso said the construction group is excited by the opportunity to deliver the Floret townhome project, alongside Golden Age.

“Their commitment to a conservative and robust design and delivery model aligns with our obligation to our key stakeholders, the end users of our product," Grasso said.

“Figurehead Construction has specialised in the delivery of townhomes since its inception in 2007, and for us, it’s important in this challenging climate that we partner with a reputable team, and take on projects we have a track record of delivering to a high standard."

Golden Age Founder and Managing Director Jeff Xu said Figurehead Construction is known for producing results of the highest calibre, something Golden Age Group strives for in the final product of their developments.

[smartcode_project:default project_id=104680 project_image_fid=207713]

“Figurehead has an extensive and diverse portfolio of more than 100 completed projects, all with unwavering quality," Xu said

"Collectively, we are eager to deliver a thorough and proactive approach to this project as it is one that will lift the standard within the area."

By using the same architecture and landscape team (Aspect Studios) as Sky Garden, Golden Age's first project in Glen Waverley above The Glen Shopping Centre, Golden Age’s project will seek to put the community at the heart, offering an array of resident amenities, complemented by extensive gardens in a secure neighbourhood that is ideal for raising families.

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The layouts of each townhouse are conducive to multi-generational living with ensuite ground-level bedrooms featuring courtyard access for greater privacy, while the kitchen and living areas serve as connection points.

In response to post-pandemic lifestyles which see more professionals working from home, the three-level townhouses offer much-needed separation from the ground-floor offices and higher-level living areas.

Construction is scheduled for completion in Q1 2025.

[smartcode_project_cta:default project_id=104680]

Golden Age has sold 80 per cent of its Stage 1 release with new park front lots brought forward to cater to demand



Golden Age appoint builder for Glen Waverley townhouse development Floret

Golden Age Group are making a huge impact on Glen Waverley, the gentrifying suburb east of Melbourne.

Following the resounding success of their apartment development Sky Garden, located atop The Glen Shopping Centre, Golden Age Group now sets its sights on revolutionising townhome living in Glen Waverley with their latest project, Floret.

Floret aims to address the growing demand for modern townhome living in the area while contributing to the suburb's growth and transformation.

[smartcode_project:default project_id=104680 project_image_fid=207713]

Located in the south-eastern suburbs of Melbourne, the suburb has long been dominated by single-family homes. However, there has been a limited supply of new and desirable townhouses, particularly those with exceptional architectural design like those found in Floret.

Recognising the potential of this highly urbanised suburb, Golden Age Group seeks to cater to downsizers, young professionals, and families who seek both convenience and a high-quality lifestyle.

What sets Floret apart is its unique and well-priced offering, which is not commonly available in Glen Waverley. This pioneering endeavour brings excitement to the community, as residents will have access to thoughtfully designed homes that elevate the living experience.

Golden Age Group places a strong emphasis on quality construction and enhancing the overall quality of life. They have successfully shaped communities that foster a sense of connection and belonging by collaborating with industry-leading experts in architecture, design, construction, and placemaking.

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One such collaboration is with Rothelowman, an award-winning architectural firm established in 1991. They have been at the forefront of design-led placemaking, crafting innovative design solutions with a focus on people and communities. Through their designs, Rothelowman has left a significant mark on residential landscapes for future generations.

Another key partner in the endeavour is Aspect Studios, an international design practice with a global team of experts. They bring a holistic approach to each project, considering the social, cultural, economic, historical, and ecological context. With their integrated approach, Aspect Studios possesses the necessary skills and resources to create globally defining design projects.

[smartcode_project:default project_id=104680 project_image_fid=207725]

Floret comprises 77 architecturally designed townhouses conveniently located near Brandon Park Shopping Centre and The Glen Shopping Centre.

Golden Age Group aims to meet the significant demand for townhome living in the thriving suburb of Glen Waverley, with a mix of three and four-storey townhouses, which will provide a much-needed housing solution within the area.

Golden Age Group will also create a park spanning over 1,000 sqm within the development, with the park set to feature amenities such as a barbecue and picnic area, as well as a dedicated children's play area.&nbsp;

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Following the resounding success of their apartment development Sky Garden, Golden Age Group now sets its sights on revolutionising townhome living in Glen Waverley with their latest project, Floret

alisonwarters@gmail.com

How Golden Age Group has transformed Glen Waverley

Melbourne developer Golden Age Group has achieved $35 million in sales for its second Glen Waverley project, Floret

Offering 77 architecturally-designed townhouses, Golden Age’s vision for <a href="/buildings/floret-glen-waverley-583-ferntree-gully-road-glen-waverley">Floret</a> is to enliven the sought-after area with vibrant greenery, while continuing to raise the bar for residential design.

The average price point of sales to date ranges from $1.1 million to $1.6 million. Prices start from $995,000 for the entry-level, three-bedroom townhouses.

<a href="/developers/golden-age-group">Golden Age</a> Founder and Managing Director Jeff Xu said it was a matter of ‘when not if’ the group would bring a luxury townhouse project to market.

“We had a lot of buyers interested in our flagship Glen Waverley project, <a href="/buildings/sky-garden-235-springvale-road-glen-waverley">Sky Garden</a>, but for whatever reason, an apartment doesn’t suit everyone’s preferences," Xu says.

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"Before even launching to market, we had a waitlist of buyers interested in a townhouse product, one that embodied the same ethos and design philosophy of Sky Garden."

It was for this reason Golden Age decided to appoint <a href="/architects/rothelowman">Rothelowman</a> as the architect.

Xu said the townhomes respond to the changing needs of the population by providing diverse housing options.

“Glen Waverley is an area predominantly dominated by single-family homes and there is little choice when it comes to townhomes, particularly architecturally-designed homes that offer a premium feel.

[smartcode_project:default project_id=104680 project_image_fid=207722]

“Glen Waverley is such a highly connected suburb and there is appetite for new developments that cater to not only downsizers but young professionals and young families who are priced out of this area. Glen Waverley is an aspirational area that has traditionally been unaffordable; we’re pioneering a product not typically seen here.”

First home buyers and downsizers have been the most prominent buyers in Floret, while investors have shown interest. One investor is looking at securing a number of the townhouses.

“Existing townhouses in Glen Waverley are typically dual occupancy, or feature multiple homes on one lot with no amenities; Floret seeks to put the community at the heart with an array of resident amenities and gardens, located in a secure neighbourhood that is ideal for raising families,” Xu said.

[smartcode_project:default project_id=104680 project_image_fid=207725]

The project features a central open space that spans 1000 sqm, including an open lawn with a walking track, a fitness station, barbecue and picnic area, and a children’s play area.

An entry boulevard of evergreen canopy trees will line the perimeter of the site, while a network of trees will create green corridors across the development site.

Figurehead is due to commence construction this month with completion earmarked for Q1 2025.

Read more:&nbsp;<a href="/news/vic/how-golden-age-are-tapping-into-untapped-markets-five-minutes-with-golden-ages-dandan-zhao">How Golden Age are tapping into untapped markets: Five minutes with Golden Age's Dandan Zhao</a>

[smartcode_project_cta:default project_id=104680]

Golden Age secure $35 million in sales at Floret, Glen Waverley

The Melbourne-based developer Golden Age Group knew when they were putting together the plans for Sky Garden, the apartment project above the rejuvenated The Glen Shopping Centre, they were creating something that would appeal to a wider range of buyers

Recently speaking to Urban, Zhao says, while the three-tower Sky Garden was an ambitious project, there was clearly a need for quality high density living in the area.

It was only the third high-rise development approved by the Monash City Council in the last 15 years. The other two developments were primarily made up of investor stock, with little amenity.

"We saw a perfect fit between what Golden Age wanted to achieve and the suburb of Glen Waverley," Golden Age's Chief Marketing Officer Dandan Zhao says.

"The vision of Monash Council is very considerate in regards to community needs and what's good for the community. It shows the level of research and care we put into our development proposal that it was greenlit."

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"People's desires have changed, and they want to be near amenities and infrastructure, and Glen Waverley is very rich in resource," Zhao says.

Once you go central to a suburb and become closer and closer to infrastructure, you sort of have to go vertical, not hortizontal.

"The $500 million redevelopment of The Glen, turning it into a world-class shopping centre, as well as extensive connectivity including the railway, poublic road, and new urban loop, makes Glen Waverley a very attractive proposition for both owner-occupiers and investors."

There's also a major draw for families, Zhao says. They've been keen on securing some of the larger apartments in Sky Garden due to the abundance of education institutions, some 24 of them, from daycare and kindergarten through to the Monash University, one of Australia's leading universities.&nbsp;

Downsizers have been attracted to the luxury finishes and fixtures and resort-like amenities and gardens, as this transforms the notion of what it means to live in an apartment; it doesn’t need to mean compromising on lifestyle,” Zhao adds.

[smartcode_project:default project_id=2881 project_image_fid=184591]

Zhao says Golden Age like to look at suburbs and find ways they can improve them.

"What we do well is looking at a suburb and saying to ourselves 'how can we better shape this community?'"

That ethos saw Golden Age stay in Glen Waverley, having gathered insights during the sales process at Sky Garden.

"While we have had a number of families and downsizers buy the larger apartments in Sky Garden, an apartment doesn’t suit everyone’s needs or preferences," Zhao says.

Starting to see a pattern emerge among a large cohort of enquiry, Golden Age went to the drawing board.

"Following a number of conversations, we decided there was a gap in the market for an architecturally-designed and high-end townhouse product in Glen Waverley, based on buyer feedback at Sky Garden and researching the local market. We were being asked if we had a townhouse product that carried the same design philosophy and quality of what Sky Garden offers."

Zhao says it was a case of 'when not if' Golden Age had a townhouse project ready in the area. Then, about four kilometres south of The Glen down Springvale Road, they picked up a 1.65 hectare site that lent itself perfectly to a collection of 77 townhouses.

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Even before launching Floret, Golden Age had a large database of buyers wanting a townhouse in the area.

"We wanted to bring luxury apartment living into a townhouse development," Zhao says.

"The location is perfect for families, across the road from a kindergarten and Brendan Park Shopping Centre, while also having convenient access to the Monash Freeway.

So far Floret has been targeted by families, of all ages, some who are seeking multi-generational living, which apartments don't offer.

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Golden Age again tasked Rothelowman with the designs.

"There's no other townhouse product designed by an architecture firm held in as high regard as Rothelowman in Glen Waverley," Zhao adds.

"There's so little townhouse stock in Glen Waverley. Traditionally there are maybe two or three townhouses, which present more like a duplex or triplex, rather than a true, architect-designed townhouse in a community rich in greenery."

Floret is over 25 per cent sold, thanks to a robust pipeline of interested buyers.&nbsp;

Golden Age is planning a 1,000 sqm central park, with amenity for families and kids, as well as a tree-lined central boulevard.

Later in the year, Golden Age is heading to the affluent suburb of Brighton, where they believe they've identified another gap in one of Melbourne's more bluechip postcodes.

"Brighton has never seen a townhouse and house development at this scale," Zhao says.

"There's little product between apartments and huge, multimillion dollar houses in Brighton. We're aiming to plug that gap.

"Brighton is such a premium suburb, people are wanting to get in, but either the product isn't right, or they are out-priced.

<img alt="Golden Age Brighton" data-entity-type="file" data-entity-uuid="6923d011-5130-4b76-bd59-9bd668781224" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-24%20at%2012.20.44%20pm.png?VersionId=jD_XyyrTBe8MGwQxfNcS8WQQ5DbklqcB" />

"We want to create something that works for that suburb and suits the calibre of the suburb, while giving young families and young professionals an opportunity."

Zhao says they will also likely see local downsizers show interest.

"Most houses in Brighton are so big, and some don't want to downsize from a six or seven-bedroom house on 900 sqm to a two-bedroom apartment.

"We'll again be creating a community with beautiful amenity, in the most price pointed project Brighton has seen."

Golden Age secured the massive 3.3 hectare site mid-last year, buying the the junior school of Xavier College for $100 million.

The junior school, Kosta Hall, on South Road, currently homes school buildings, sports fields, and the historic 1867 Maritima mansion.

Recently speaking to Urban, Zhao says, while the three-tower Sky Garden was an ambitious project, there was clearly a need for high quality, high density living in the area

How Golden Age are tapping into untapped markets: Five minutes with Golden Age's Dandan Zhao

Golden Age Group are taking to the leafy suburb of Glen Waverely for their latest residential development.&nbsp;

Offering a range of three and four-bedroom townhouses, Floret has been designed by leading architecture firm, Rothelowman, who have crafted the 77 residences to seamlessly blend with their Glen Waverely surrounds.&nbsp;

Floret townhomes have been designed with versatility and thoughtfulness in mind, offering spacious interiors and adaptable layouts that are suitable for multigenerational living. With a focus on both practicality and aesthetic appeal, Floret provides the perfect blend of form and function for families at all stages of life.

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Emphasising a rich synergy between the built and natural environments, the homes connect with their leafy outlooks, inviting the palette of the outside in, with interiors of timber and natural textiles.&nbsp;

Three colour schemes are on offer inside the townhomes, with a Saint Germain muted green scheme, Saint Germain classic scheme and a modern palette scheme.&nbsp;

The Saint Germain colour palettes offer a range of sophisticated interior designs for the discerning home buyer. The muted green palette takes inspiration from Parisian interiors, with a focus on bespoke details such as fluted glass and subtle cabinetry. Brushed brass hardware and tapware, brass shower screen surrounds, and light wall and floor finishes complement the muted green tones, creating an atmosphere of cultured refinement.

The Classic palette, on the other hand, presents a strong monochromatic design, with a combination of warm whites and soft blacks. The palette is elevated by matte black tapware, contemporary cupboard profiles, black tiling, and black-framed kitchen and bathroom glazing. The fusion of black and white with clean, contemporary details is minimalistic yet expressive.

[smartcode_project:default project_id=104680 project_image_fid=207713]

The Modern colour scheme takes its cue from the beauty of the Australian landscape, resulting in homes that seamlessly blend style and nature. The spaces are characterised by their simplicity, with cohesive timber floors and integrated cabinetry creating a clean, minimalist look.&nbsp;

The interiors feature stone tiles and black accents in the tapware and shower screen frames, while unique castellated profiles throughout the home offer a sense of visual unity that mirrors the exterior architecture.

[smartcode_project_cta:default project_id=104680]

Inside Golden Age Group’s Glen Waverley townhouse development, Floret

Golden Age Group have doubled down on their footprint in Glen Waverley, bringing to the market a collection of townhomes having completed construction of their Sky Garden development atop The Glen Shopping Centre.

The group have engaged renowned architects Rothelowman to design the Floret townhomes, which will see 77 residences developed on the Ferntree Gully Road site.

Defined by its sense of community, Floret takes advantage of the opportunity for social interaction, both within the development as well as within the community, which is home to a broad range of residences.&nbsp;

[smartcode_project:default project_id=104680 project_image_fid=207725]

Playgrounds and green spaces weave their way throughout the neighbourhood, drawing residences outside, while intrinsic links to nearby schools and family-orientated amenity bring a true sense of community to the area.&nbsp;

Each of the townhomes are poised for multigenerational arrangements with generous proportions and considered, flexible layouts.&nbsp;

“Through abiding design both inside and out, Floret has been thoughtfully crafted for those growing up, growing old and everything in between.”

Remaining agile to the ebbs and flows of life, the townhomes have been crafted to fit a number of discerning lifestyles through tailored interiors which explore texture, colour, and spatial planning that supports life’s daily movements, offering spaces to both entertain and relax. &nbsp;

Sitting at the heart of Melbourne’s east, Floret exists at the fore of Glen Waverley’s rich and ever-evolving social, commercial, and cultural landscapes.&nbsp;

The immediate neighbourhood offers a mix of tranquillity and vibrancy, with residents near to transport, shopping, educational, cultural, recreation and civil infrastructure.&nbsp;

[smartcode_project:default project_id=104680 project_image_fid=207729]

With numerous bus routes and a stop dedicated to Floret on Ferntree Gully Road , immediate access to the Monash Freeway and Huntingdale Station is a mere 15 minutes away.

Populating the surroundings are over 40 educational facilities, from childcare to Monash University, which is just two minutes from Floret, while institutions such as Brentwood Secondary College, Caulfield Grammar School, Deakin University, Glen Waverley South Primary and Wesley College also find a home in the locale.&nbsp;

The immediacy of Brandon Park Shopping Centre and the close convenience of The Glen Shopping Centre round out a comprehensive offering of lifestyle essentials with a myriad of eatery options also on-hand, such as Black Flat Coffee Roasters, the Code Five Cafe and Marble Yakiniku.&nbsp;

Recreational pursuits are also in abundance within Glen Waverley, with the neighbourhood home to a number of green spaces, including Brandon Park Reserve, Jells Park and Central Reserve Park, along with the Glen Waverley Golf Course, the Riverside Golf Course, Monash Aquatic and Recreation Centre, Notting Hill Tennis Club, Village Cinemas and a Strike Bowling.&nbsp;

Three and four-bedroom townhomes are available, with prices starting from $995,000.&nbsp;

[smartcode_project_cta:default project_id=104680]

Each of the townhomes are poised for multigenerational arrangements with generous proportions and considered, flexible layouts

How the new Glen Waverley townhouse development Floret fits into the established suburb

Property developers Golden Age Group know how to deliver something more than just a stock-standard residential development.&nbsp;

Their most recent Glen Waverley project Floret is brimming with amenity, while just down the road, the group’s Sky Garden project has been envisioned as a place to live unlike anywhere else in Australia.&nbsp;

Inspired by the five elements of fire, earth, metal, water and wood, Sky Garden is nestled high above The New Glen shopping centre in the heart of one of Melbourne’s most coveted eastern suburbs.

[smartcode_project:default project_id=2881 project_image_fid=184595]

The New Glen is evolving. Melbourne’s most impressive retail centre will soon be home to a two-level dining precinct, a fresh food market hall and a selection of more than 240 specialty retail stores.

From the amenity of Sky Garden itself to the abundant options of The New Glen and the surrounding vibrant suburb of Glen Waverley, everything residents will need is never too far from the steps of the precinct.&nbsp;

Each of the communal spaces in Sky Garden are designed as a natural extension of the homes.&nbsp;

Reminiscent of finest luxury resorts across the world, Sky Garden Club, delivers unparalleled private and dramatic entertaining and relaxing spaces.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=207338]

Relaxation and wellness are part of daily life at Sky Garden, with an open plan yoga studio, outdoor Tai Chi areas, a sauna and a steam room. An elegantly appointed library and intimate study areas add an array of options for residents to break away into, coupled with private lounges and an expansive outdoor terrace.&nbsp;

Keeping active is easy at Sky Garden with a fully equipped gym, studio and dedicated outdoor fitness areas as well as a pool designed to bask in abundant natural light.

Residents will also be able to reserve a private dining room and terrace, allowing them to invite friends and relatives to a barbecue or enjoy meals outside in a lush outdoor setting.&nbsp;

The latest big screen movies, sports and video games are all on offer in Sky Garden’s private cinema, in addition to spaces set aside for private gaming and games such as poker, Mahjong, chess and cards.&nbsp;

It’s not just inside Golden Age are developing a curated lifestyle through amenity.&nbsp;

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While the apt name of the project may have already hinted at it, Sky Garden is of course home to a number of considered and landscaped gardens, with the podium botanic gardens unlike anything seen in apartment developments across Australia.&nbsp;

A place to relax amid the beautiful resident-only gardens, Sky Garden takes contemporary urban living to a new level. Offering a place to entertain, relax and unwind, the podium outdoor spaces at Sky Garden have been designed with all generations in mind.

With a north and south garden, set across 4,000 sqm of elevated and open space, residents have ample space to breakaway and relax in.&nbsp;

The northern gardens have a focus on socialising, from a play space designed for children to sun lounges where older residents can relax into the evening surrounded by feature lighting. A bar and kitchen allow for easy entertaining, while a vegetable garden allows residents to enjoy getting back to nature.

The southern gardens feature a range of outdoor spaces, from large lawn areas to private dining spaces, with outdoor kitchen and fitness areas. Set among lush greenery and water features, these gardens offer an opportunity to relax, entertain and stay healthy.

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We've taken a closer look at the suit of amenity on offer for residents in Golden Age Group's Glen Waverley development, Sky Garden.

Inside the amenity-rich Glen Waverley apartments, Sky Garden

Melbourne developer Golden Age Group are soon to launch their latest Glen Waverley development, following the success of Sky Garden, their apartment project above The Glen shopping centre.

Their new project, Floret, at 583 Ferntree Gully Road, comprises&nbsp;77 architecturally-designed townhouses, which Golden Age believe will&nbsp;fill a much-needed gap for new developments within the thriving suburb.

Designed by leading Melbourne architect Rothelowman, the townhomes are designed to be sensitive to the site’s existing context, while capitalising on an opportunity to deliver an outstanding&nbsp;architectural response that will set a new standard for townhouses within the area.

Golden Age Chief Marketing Officer Dandan Zhao said the townhomes respond to the changing needs of the population by providing diverse housing options.

“Glen Waverley is an area predominantly dominated by single-family homes and there is little choice when it comes to townhomes, particularly architecturally-designed homes that offer a premium feel,” Zhao said.

“Glen Waverley is such a highly connected suburb and there is appetite for new developments that cater to not only downsizers but young professionals and young families who are priced out of this area. Glen Waverley is an aspirational area that has traditionally been unaffordable; we’re pioneering a product not typically seen here.”

<img alt="The living area in Floret" data-entity-type="file" data-entity-uuid="aef88c85-3dd5-4b40-b874-008ccfdd4ded" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-18%20at%2010.26.12%20am.png?VersionId=ADF5JAPd.0d4n_kIsggUijS8zjP0B0YT" />

With existing townhouses in Glen Waverley typically being dual occupancy, or featuring multiple homes on one lot with no amenities, Golden Age’s project will seek to put community at the heart, offering a number of resident amenities complemented by extensive gardens in a secure neighbourhood that will likely draw families to Floret.

Concept designed by Aspect Studios, the central open space - a 1000 sqm central park - offers an open lawn with walking track complemented with facilities such as a fitness station, barbecue and picnic area, and a children’s play area with seating walls, offering convivial social spaces for residents. An entry boulevard of evergreen and deciduous canopy trees will line the perimeter of the site, while a network of trees will create green corridors across the development site.

The layouts of each townhouse are conducive to multi-generational living with ensuite ground-level bedrooms featuring courtyard access for greater privacy, while the kitchen and living areas serve as connection points.

In response to post-pandemic lifestyles which see more professionals working from home, the three-level townhouses offer much-needed separation from the ground-floor offices and higher-level living areas.

Rothelowman’s design inspiration was capturing character through texture and tactility. Timber is used throughout, both compositionally and strategically, as a defining element. It can be seen oscillating across streetscapes, as enveloping covers, and in feature moments.

“This project has a prominent internal urban planning strategy that makes it unique, Shane Rothe, Principal and Founding Director of Rothelowman said.

"While it responds to a mixed external context, the lush streets and inviting open spaces within the complex promote connectedness and provide a place for the community to connect."

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Floret comprises 77 architecturally-designed townhouses, which Golden Age believe will fill a much-needed gap for new developments within the thriving suburb



Golden Age Group secure approval for latest Glen Waverley development, Floret

The final release of apartments has launched to the market at Golden Age’s Glen Waverly project, Sky Garden.

Built atop The Glen, which has undergone a $500 million redevelopment, Sky Garden offers 536 apartments across three buildings, designed in collaboration with multi-award-winning architects, Rothelowman, with the interiors by DKO Architecture.

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The final release launched to the market includes a mix of one, two and three-bedroom apartments, created to suit a range of lifestyles and types, from growing families to downsizers and single professionals, with the one-bedders already sold out.&nbsp;

A relaxed sense of luxury fills every space, with seamless connections to the private gardens outside, along with panoramic views from the Dandenong Ranges to the Melbourne city skyline.

Set above the residences, a 4,000 sqm outdoor podium garden designed by Aspect Studios is unlike anything else in Australia, comparable in size to an inner-city botanic garden.

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Residents will also benefit from a suite of resort-style amenities, including a relaxation zone, entertainment lounges, barbecue facilities, vegetable gardens, a designated children's play area, and outdoor fitness areas.&nbsp;

Sky Garden is also home to a fully-equipped gym, a luxe pool, designed to bask in natural light, an open plan yoga studio, a steam room, mah-jong room, a library, with a private lounge and fireplace, as well as two private function rooms, complete with kitchens, along with barbecue facilities on the adjoining terrace.

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Set above the residences, a 4,000 sqm outdoor podium garden designed by Aspect Studios is unlike anything else in Australia, comparable in size to an inner-city botanic garden.

Golden Age launch final apartments in Sky Garden, Glen Waverley apartment development

Residents have moved into the completed Glen Waverley apartment project Sky Garden.

The striking project was developed by&nbsp;Golden Age Group&nbsp;to a design by&nbsp;Rothelowman.

With buyers having moved in, Urban spoke to investors, Pushpendu and Manisha Gupta about their property buying journey, and what they love about Sky Garden.

The Wantirna locals purchased a two-bedroom, one-bathroom as an addition to their diversified portfolio of property investments.

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MK: How did you discover Sky Garden?&nbsp;

P&amp;M: We discovered it online and after a few calls, we met the team at The Glen display suite and took the process forward.&nbsp;

MK: What makes Sky Garden an attractive investment opportunity?&nbsp;

P&amp;M: The perfect combination of quality, amenities and the amazing location that is within top school and transport zones.

Sky Garden is located just above a very high footfall mall in the east, and that makes it an unbeatable location from an established retail market perspective.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168784]

MK: How do the returns in Glen Waverley compare to investments you have in surrounding areas?&nbsp;

P&amp;M: Glen Waverley is sure to be strong in terms of return on investment as the Glen Waverley secondary and primary schools are among the top in the state and very well respected.

The fact that Glen Waverley is also an established blue-chip suburb with good demographics and retail options, makes it the most sought-after suburb in the East.&nbsp;

MK: Which apartment configuration did you opt for, and what led you to narrow down your decision to the apartment you purchased?&nbsp;

P&amp;M: We opted for a two-bed, one-bath option as it&rsquo;s the best configuration for investment returns and rental.&nbsp;

The apartment we bought is in a secluded part of the floor with close proximity to elevators, which lends itself to both privacy and convenience.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168551]

MK: Were you already looking for a new property when you discovered Sky Garden?&nbsp;

P&amp;M: We had just started looking at investment purchases when we discovered Sky Garden. The options we were given, and the amazing sales experience, made us decide on this apartment without really looking at other properties.&nbsp;

MK: What made you decide to buy?&nbsp;

P&amp;M: The property gave us the right combination of quality construction, facilities and amenities in a top-notch location.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=173746]

The fantastic sales and after-sales experience from Golden Age was the most pleasant experience, which made us feel at ease and like we had everything covered.

A special mention goes to Ms Silvia Pan for the absolutely fantastic and friendly sales experience and her support. She gave us so much time, taking us through all the options, responding to our queries and providing the right advice.&nbsp;

MK: What do you love most about what Sky Garden has to offer residents?&nbsp;

P&amp;M:

<ul>
	<li>The fantastic retail shopping and culinary experience with The Glen just below the property.&nbsp;</li>
	<li>The quality of construction and the wholesome facilities for residents.</li>
	<li>The location &ndash; near top-notch schools and transport.&nbsp;</li>
</ul>

MK: Do you have any advice for budding investors?&nbsp;

P&amp;M: Would recommend budding investors look at location as the primary deciding factor &mdash; preferably proximity to top schools &mdash; as these locations will always be in rental demand.&nbsp;

Quality of construction and after-sales and property management support is also very critical to consider.

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Urban spoke to investors, Pushpendu and Manisha Gupta, about their property buying journey, and what they love about Sky Garden

Glen Waverley

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