Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Glen Waverley

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A planning permit for a four-storey apartment building containing 11 dwellings and five townhouses over a basement on Glen Waverley’s record braking prime site has been approved.

The corner block site at 17 Marriott Parade, Glen Waverley caused turmoil back in April 2015 when it sold for $4.71 million. The adjoining site, 15 Marriott Parade was sold for $2.4 million and together, these sites combined have smashed residential sales records in Monash, selling over the $7 million mark.

<figure><a href="/new-townhouses/15-17-marriott-parade-glen-waverley"><img alt="" class="image-article_full_width_580px" height="323" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-21_at_10.59.33_am.png?itok=M4JywFm0" title="15-17 Marriott Parade. Image supplied. " width="580"></a>

<figcaption>15-17 Marriott Parade. Image supplied.</figcaption></figure> 

The site is in a prime location on a combined area of 2169 sqm corner block opposite the Ibis hotel and Monash City Council.

The 11 apartments and the 5 townhouses designed by Architeria Architects are all spacious with generous size living/dining and balconies. 10 of the apartments are 4-bedroom apartments with 2-3 bathrooms in each and one a 3-bedroom apartment.

Generous walk-In wardrobes and bathrooms with his and hers and some apartments separating the rest of the bedrooms by allowing for large living spaces in between.

Spacious butlers’ pantries in the kitchens and open living areas for families to enjoy modern-day living. Considerable terraces and balconies offer a low maintenance lifestyle and that desired indoor/outdoor living for residents accessing their private terraces through sliding doors.

<figure><a href="/new-townhouses/15-17-marriott-parade-glen-waverley"><img alt="" class="image-article_full_width_580px" height="324" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-21_at_10.59.42_am.png?itok=2xsIGmPR" title="15-17 Marriott Parade. Image supplied. " width="580"></a>

<figcaption>15-17 Marriott Parade. Image supplied.</figcaption></figure>The two components – the townhouses and the apartment building are connected by a second-floor communal space above the driveway entrance, creating a landscaped boulevard; a peaceful oasis for the residents to enjoy. This development offers plenty of both space and privacy with all the amenities such as The Glen Shopping Centre and entertainment, cafes, and restaurants in the vibrant Glen Waverley Centre within walking distance.

The modern contemporary architecture is prominent with its curved features and shapes. Mel Gawi, Principal Architect of Architeria Architects describes this building as a good response to the times we live in.

<blockquote>
“Living in an apartment should be a choice where you do not have to compromise comfort. We have pre-dominantly had a backyard culture in Australia, however with the increasing demand for apartments as living near activity centres and transport certainly have its perks I feel that architects have a responsibility to offer diversity to people who choose this lifestyle. 

Choosing a low maintenance living should not always have to be associated with living in small spaces. The Marriott Parade apartments as well as the townhouses have that community feel without losing the sense of privacy and the façade despite its modern looks is inviting and interesting."
</blockquote>

<figure><a href="/new-townhouses/15-17-marriott-parade-glen-waverley"><img alt="" class="image-article_full_width_580px" height="324" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-21_at_10.59.51_am.png?itok=3zoXrtXo" title="15-17 Marriott Parade. Image supplied. " width="580"></a>

<figcaption>15-17 Marriott Parade. Image supplied.</figcaption></figure><blockquote>
“It has been a joyous journey to design a liveable apartment building of this nature,” 
</blockquote>

<blockquote>
“As the site sits on the fringe of all activity, I believe the architecture will not only blend in with the higher density buildings across the road, but be a positive contribution to Glen Waverley in general.”
</blockquote>
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Olivia Round

15-17 Marriott Parade: Glen Waverley gets the green light and it’s all about the space

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The Melbourne suburb of Glen Waverley is set to be host to the highest volume of auctions this weekend.
It has 11 properties set to go under the hammer, according to CoreLogic.
Next busiest is Mount Waverley in Victoria which has nine properties going to auction, same as Reservoir, also in Victoria.
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Auction activity will remain relatively steady over the week across the combined capital cities, with 836 homes scheduled for auction this week, down only slightly from the week prior when 847 capital city homes were auctioned.
Melbourne is expected to see an increase in activity this week while Sydney is seeing a decrease. 
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</div>
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There are 387 homes scheduled for auction across Melbourne, while Sydney is set to host 283 auctions, a small difference from the 348 and 318 auctions held last week respectively.
The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Perth where auction volumes are unchanged, and Tasmania which is set for a slight increase.
Total auction volumes are also down on a year ago as this time last year a higher 1,257 homes went under the hammer across the combined capital cities over the same week.
<img src="https://www.urban.com.au/images/2019/7/18/Glen%20W%201%20.png" alt="" style="caret-color: #000000; color: #000000; font-family: -webkit-standard;">
The busy auction weekend in Glen Waverley sees <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-131145454" target="_blank">1A Florence Street</a> (pictured top) offered for sale.
The four bedrooms, two bathroom property comes with approved plans for 3 townhouses and a price guide of $2,600,000 - $2,860,000.
<img src="https://www.urban.com.au/images/2019/7/18/Glen%20W%203.png" alt="">
Another example of the breadth of auctions taking place in Glen Waverley is <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-131405022" target="_blank">3 Tiuna Court</a> (pictured above).
The three bedroom, two bathroom house has a price guide of $1,100,000 - $1,210,000.
<img src="https://www.urban.com.au/images/2019/7/18/Glen%20W%204.png" alt="">
A third property going to auction in Glen Waverley this week is <a href="https://www.realestate.com.au/property-unit-vic-glen+waverley-130758130" target="_blank">3/7 Carramar Avenue</a> (pictured above).
The two bedroom, one bathroom unit/townhouse has a price guide of $620,000 to $680,000.
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j.ballantyne1990-6AQqhLzZaK

Glen Waverley set to be the busiest weekend auction hotspot

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A medical centre in Glen Waverley has sold for $7.28 million following a successful expressions of interest campaign.   Located at a corner site, Waverley Medical Centre at <a id="LPlnk678473" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLe8eh/HF3O3pksMou+fnPAz2N/89mqXJTr69NDWrCLBjqFk7iFYF6pKaoxtpDH+DvH1lmHN0vCKM3ddWVeLvlPis+Ftt2jNJOSxmUxIJDiy4wwgiX77YnMoW4VBz3ihrhDFenXcLRRBQ8=&amp;rh=ff004e4b2f94755f85cb18f7ab4fbfe58e9dbfc1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">242-244 Springvale Road</a> has a 613 sqm building area and a 1,504 sqm land area 
The property was marketed and sold by Ray White Commercial Glen Waverley Managing Director Ryan Trickey and Commercial Sales Agent Ben Ainsworth. 
Mr Trickey said, “there was a huge amount of interest in this property with more than 120 enquiries during the campaign, with 20 per cent coming from interstate and 10 per cent international."   “The asset was snapped up by a private group seeking static investment with future potential and was sold by a family consolidating their assets." “With the redevelopment of the Glen to the tune of $500M, and more than 500 new dwellings coming into the area, there's much to look forward to for both commercial and retail traders,” Mr Trickey added. 
Mr Ainsworth said the location, limited supply of stock and the ongoing growth of Central Glen Waverley as a commercial and entertainment hub, made the asset really appealing.   “The established medical clinic has been operating for over 30 years and offered an initial return of $297,052 p.a. + outgoings + GST, with three per cent annual increases,” he said.
It’s Zoned GRZ8 with Design and Development Overlay allowing for up to four levels or 13.5 metres, subject to council approval.
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Central Glen Waverley medical centre sells for $7.28 million

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Auction activity across the combined capital cities is expected to remain relatively steady week-on-week, with a total of 2,610 homes scheduled for auction this week, down only slightly on last week when 2,701 auctions took place.
<img src="https://www.urban.com.au/images/2018/11/29/Auctions%20this%20week%20Nov%2029.JPG" alt="">
Melbourne will see a higher volume of auctions take place this week, with volumes increasing by 14.5 per cent on last week.
There are 1,296 homes scheduled for auction across the city, up on last week when 1,132 auctions were held.
There are fewer auctions scheduled this week in Sydney, with 904 homes scheduled to go under the hammer, after last week saw over 1,000 homes taken to auction across the city.
Perth and Tasmania are expected to see a higher number of homes auctioned this week, while volumes are down in Adelaide, Brisbane and Canberra
Indicative of the high number of auctions in Glen Waverley is <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-129760878" target="_blank">12 Brazilia Drive, Glen Waverley</a> (pictured top).
The five bedroom five bathroom home features it's own home theatre and comes with a price guide of $2 - $2.2 million.
Set on 741 square metres, the house last sold in 2011 for $735,100.
<img src="https://www.urban.com.au/images/2018/11/29/Nottingham%201.JPG" alt="">
Another example of the high number of auctions in Glen Waverley is <a href="https://www.realestate.com.au/property-house-vic-glen+waverley-129500450" target="_blank">50 Nottingham Street, Glen Waverley</a> (pictured above). 
The four bedroom two bathroom home comes with a price guide of $1.75 - $1.85 million.
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<div>Set on 780 square metres, the property last sold for 170,000 in 1998.</div>
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<div><img src="https://www.urban.com.au/images/2018/11/29/Nottingham%202.JPG" alt=""></div>
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A third example of the high auction volumes in Glen Waverley is <a href="https://www.realestate.com.au/property-townhouse-vic-glen+waverley-129750210" target="_blank">74B Nottingham Street, Glen Waverley</a> (pictured above).
The four bedroom two bathroom home features comes with a price guide of $1.2 - $1.3 million.
Set on 312 square metres, the property last sold for $1.03 million in 2014.
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Glen Waverley the busiest auction suburb this weekend: CoreLogic

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Today Apartments.com.au speaks to Erwin Taal, Senior Associate at ASPECT Studios about the office's work on Golden Age Group's Sky Garden development above The Glen Shopping Centre. Taal says the project provided a very challenging brief for a broad scale landscape that is not evident at first glance.

<blockquote>
A creative solution was required to provide the immersive landscape experience desired within the structural constraints of building over a retail precinct. 

This was achieved through the terracing of the landscape through using several lightweight shallow landscape trays creates an implied depth to the landscape that would otherwise not be possible. 

This depth is enhanced through the careful arrangement of plant heights to enhance this effect.
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/water_feature.jpg" rel="gallery-all" title="A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="290" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/water_feature.jpg?itok=FiytHw7N" title="A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied" width="580"></a>

<figcaption>A water feature draws on the Chinese philosophy of the five essential elements. Image: Supplied</figcaption></figure>Apartments.com.au: What was the brief from Golden Age for the landscaped spaces within Sky Garden? 

Erwin Taal: Golden Age and Time &amp; Place had a vision and dedication to provide a generous, shared residential green podium that would provide a range of outdoor spaces, appropriate for the varying needs of residents, including:

<ul>
<li>implementing a range of age-appropriate spaces,</li>
	<li>spaces with varying intimacy and openness,</li>
	<li>providing a mix of shelter and exposure,</li>
	<li>passive enjoyment through to active recreation.</li>
</ul>
The brief also called for the establishment of a green landscape with a range of planting approaches that would create an engaging immersive environment for the residents, within the limitations of the building structure. This desire for immersion within the landscape was amplified through the refined “Sky Garden” approach that was requested by Golden Age.

U: Did the design concepts of the five elements inform a set of guidelines which assisted in the collaboration between ASPECT, Rothelowman and DKO Architecture? 

ET: ASPECT Studios are one of the forerunners with extensive experience and knowledge of green roof design. We worked closely with Rothelowman &amp; DKO to ensure a seamless interface between the landscape and architecture. From the outset, we proposed that the residential podium take on a sympathetic design approach towards the concept for The Square and Level 1 Retail to ensure a considered and consistent design concept between all facets. This was in keeping with the geometries pursued within the Rothelowman design of the residential towers. Our concept successfully reflected the seamless integration between internal and external as well as the architectural exploration of the five elements to effectively create one consolidated residential offer.

U: What influence did the architecture of the three apartment buildings have on the design of the landscaped spaces? 

ET: We considered the broader site arrangement and massing of the three residential buildings and retail forms in our conception of the external landscape. The elongated forms that were rounded off (referenced to as the “Aalto curve”) were used as a driver to articulate the arrangement of a series of outdoor landscape rooms within the linear external landscape that wrapped along the base of the three towers. Further detail within these outdoor rooms was drawn from the manipulation of the residential tower forms including:

<ul>
<li>Faceting (as a way of rounding off corners using a controlled radius)</li>
	<li>Pinching (the drawing in of elements of the façade to provide variation in form and rhythm)</li>
	<li>The terrace (as a way of progressively stepping down building heights)</li>
</ul>
The linear landscaped forms were subsequently modified to become more curvilinear and less linear in nature, again as a reference to a more intimate Sky Garden approach, whilst retaining the overall arrangement of the outdoor rooms.

U: What were some of the challenges for designing multi-generational spaces without over cluttering the spaces or diluting the design intent? 

ET: The linear arrangement of outdoor rooms along the base of the towers and multiple points of entry surprisingly assisted in dispersing various programmed spaces along the podium. We divided the programming of the outdoor rooms into active through to passive use, and formal through to informal settings to determine the range of activities to occur within each room. Some of the outdoor rooms naturally lent themselves to a younger or older generational focus, but we felt it important that the interaction between all users was a desirable element, much as a typical urban environment. By off-setting the connective circulation from the activity of the spaces, a higher intensity of activation was therefore possible without disrupting access to other outdoor rooms within the arrangement.

<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/sky_garden_spaces.jpg" rel="gallery-all" title="A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="340" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/sky_garden_spaces.jpg?itok=yBVmYbsW" title="A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied" width="580"></a>

<figcaption>A variety of formal, informal, active and passive spaces have been designed as part of the landscape strategy. Image: Supplied</figcaption></figure>U: Sky Garden sits above the Glen Shopping Centre which is undergoing a staged redevelopment adding green spaces within the centre environment. How do you see the roles of shopping centres changing in the future and bringing more of nature in? 

ET: As our multi-residential and ‘mixed-use’ residential markets continue to grow, developers are taking further influence from our overseas counterparts in introducing shopping centre residential typologies which offers the fusion of lifestyle, residence and nature. As expressed within The Glen redevelopment encompasses:

<ul>
<li>Our inhabitation within an increasingly dense urban environment,</li>
	<li>the blurring of the traditional separation between home and lifestyle, and</li>
	<li>the desire for more meaningful connection to nature within our lifestyled environments.</li>
</ul>
Shopping Centres are rapidly evolving to capture, and even drive, this fusion through diversifying their offer beyond that of traditional retail. Incorporating nature through the creation of extensive internal and external landscaped environments provides breathing spaces within these intensified environments and actively encourages prolonged occupation. Whilst not a re-creation of real nature, the use of green roofs and podiums are a controlled representation of it which has been tailored to suit our changing social and urban fabric and can offer many of the environmental, microclimatic and biological benefits.
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Laurence Dragomir

ASPECT Studios' Erwin Taal discusses Sky Garden's landscape design

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Apartments.com.au in its former guise as Apartments.com.au, <a href="/news/sky-garden-residences-launched-as-construction-progresses-on-the-glen">initially reported</a> on Golden Age Group launching a website for its $450 million Sky Garden project. The elevated residential development. to be constructed above the redeveloped The Glen Shopping Centre in Glen Waverley, has now been officially launched to the market.

The tri-tower project will feature an elevated 4,000 sqm “garden in the sky” that will serve the 555 apartments that will comprise Sky Garden, providing a community meeting place for residents.

Development of Sky Garden will coincide with Vicinity Centre’s $460 million redevelopment of The Glen, which will include 240 new shops and retailers. The first two stages of Vicinity Centre’s retail development, including a new fresh food market hall and casual dining ‘food gallery’ have already been completed, with further stages opening later this year through to an anticipated completion in early 2020.

The design team responsible for Sky Garden includes architects Rothelowman for exteriors, DKO Architecture for the interiors and ASPECT Studios for the extensive landscape design.

The project has been designed to appeal to a wide range of buyers and demographics, with layouts that cater to the needs of young families, downsizers, working professionals, owner-occupiers and the investor market.

According to Golden Age Group, the project represents one of the most innovative and ambitious development plans in the company’s history. The project follows on from the soon-to-be completed Victoria One in Melbourne's CBD and will headline a strong pipeline that also includes the Bates Smart-designed 85 Spring Street, opposite the Fitzroy Gardens.

<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/gold996085-spring-streetel01facade-to-city.jpg" rel="gallery-all" title="85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer"><img alt="" class="image-article-full-width-580px" height="251" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/gold996085-spring-streetel01facade-to-city.jpg?itok=Rw33_DhE" title="85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer" width="580"></a>

<figcaption>85 Spring Street will join Sky Garden as Golden Age Group's premier developments. Image: Floodslicer</figcaption></figure>The Sky Garden display suite will open in late July 2018 with the construction of all three towers expected to commence in by mid-2019 once a head contractor is appointed.

<h2>What they say</h2>

<blockquote>
At Golden Age, we are always looking for new ways to do things. We saw an opportunity to partner with Vicinity Centres and deliver a residential component to an existing shopping precinct in a way that’s never been done before, making this project the first of its kind.

We want to redefine what residential living is, and how it can be expressed. “ Designed as though it were set on ground level, Sky Garden is a visionary offering in Melbourne’s residential market by providing the benefits of ground-set vertical living, despite being elevated atop the amenities of one of Melbourne's best shopping destinations.

The lifestyle offering of this residential development is incomparable, with breathtaking panoramic views stretching from Dandenong Ranges to the CBD. Sky Garden offers green open space, the amenity of a world-class shopping centre and ample infrastructure including public transport links, proximity to elite schools and easy access to the Melbourne’s CBD.

With a dedication to fostering holistic lifestyles, Sky Garden will include an array of shared resident amenity, ranging from formal lounges, a library, swimming pool, dining areas and a dedicated wellness centre.

- Jeff Xu, Managing director and Founder, Golden Age Group
</blockquote>

<blockquote>
As one of the largest real estate owners and managers in Australia, Vicinity Centres adopted a robust process to determine the right partner for this important project.

We see Sky Garden as a perfect addition to our redevelopment of The Glen, further enhancing the primacy of the location and creating a strong foundation for a new community to live, play, work and thrive in Melbourne’s east.

- Carolyn Viney, Executive General Manager - Development of Vicinity Centres,

 
</blockquote>
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Golden Age Group officially launches Sky Garden at The Glen

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It was announced this morning that Golden Age Group will develop the residential component of The Glen.

Vicinity Centres with co-owner Perron Group have decided to sell the air rights above the centre which is at the starting point of its multi-million dollar redevelopment. Apartments.com.au <a href="/news/vicinity-and-pellicano-provide-monash-with-a-development-boost">reported last month</a> on Vicinity's construction launch of the $490 million project, which will expand the existing centre to include 78,000 square metres of gross lettable area.

Vicinity Centres has indicated that the majority of retail spaces within The Glen's first development stage has been leased. Opening late 2017, this initial stage will include an Aldi, Woolworths, Coles and over 60 specialty stores.

Multiple dining precincts and a new Town Square will spearhead the redevelopment's push to open up/be more expressive with its surrounds.

The Glen will open in a number of stages and is expected to be complete by early 2020.

<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/image217_0_0.jpg" rel="gallery-all" title="Future residents will benefit from The Glen's increased offerings"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image217_0_0.jpg?itok=v2Bf2Wm1" title="Future residents will benefit from The Glen's increased offerings" width="580"></a>

<figcaption>Future residents will benefit from The Glen's increased offerings</figcaption></figure>As for Golden Age Group, they now inherit the right to deliver 539 apartments across three towers, in accordance with approved plans devised by NH Architecture. 

Initially submitted at a lofty 86 metres to its highest point, The Glen's tallest residential tower was eventually approved at 64 metres or 20 levels. Smaller residential towers reach 12 and 13 levels respectively.

The tallest tower in the area prior to The Glen receiving approval is Australian Nan Xin Investment's Galleria at 52-54 O'Sullivan Road at 15 levels and 47 metres.

Under the approved plans, the 539 apartments are split between 155 single, 357 double and 22 triple bedroom and 5 quad bedroom apartments. Whether Golden Age Group pushes on with the approved design or seeks to alter the format/configuration of the three buildings remains to be seen.

<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/image76_1.jpg" rel="gallery-all" title="517-521 Station Street and Opera are part of the Golden Age Property stable"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image76_1.jpg?itok=9ZcjhSAD" title="517-521 Station Street and Opera are part of the Golden Age Property stable" width="580"></a>

<figcaption>517-521 Station Street and Opera are part of the Golden Age Group stable</figcaption></figure>The addition of The Glen's apartment component swells Golden Age Group's current Melbourne portfolio to seven projects, encompassing a very hefty 2,750 apartments.

Victoria One, Opera, <a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House</a> and Sky One Box Hill represent the developer's projects currently at construction. Also in Box Hill, Golden Age Group are pursuing a planning amendment that will allow for the delivery of dual towers across 517-521 Station Street, whilst The Glen joins 85 Spring Street as projects that the developer has licked up post planning approval.

Lead image: Panoramio
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silvermb

Golden Age Group adds The Glen to their portfolio

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The Novotel Melbourne Glen Waverley, one of Melbourne’s best performing hotels, has exchanged hands for a cool $73.6 million.
The four-star hotel at <a href="https://www.realcommercial.com.au/property-hotel+leisure-vic-glen+waverley-502104650" target="_blank">285 Springvale Road, Glen Waverley, Vic 3150</a> went to the market in September 2016 through an expressions of interest campaign managed by Colliers International.
The hotel comprises 200 upscale rooms, a bar and restaurant, meeting space, gym, indoor pool and parking for nearly 100 cars. 
It is currently leased to leading hotel operator Accor Asia Pacific under a triple net lease expiring in July 2018.
Situated within the Glen Waverley Activity Centre and surrounded by the retail precincts of the Glen Shopping Centre, Century City Walk and Kingsway, the hotel benefits from the broad base of accommodation drivers within the City of Monash. 
Although the deal value was not disclosed, the Australian Financial Review had reported that the transaction was worth $73,666,666.66. The buyer is investment manager iProsperity, which handles Asian investment and the number is considered lucky by Asian investors.
The selling agents were Gus Moors, Guy Wells and Neil Scanlan of Colliers.
“The Novotel Melbourne Glen Waverley is widely regarded as one of Melbourne’s strongest performing metropolitan hotels due to its ability to capitalise on the broad-based activity within the City of Monash, which is the second largest employment region in Melbourne, after the CBD,” Moors said at the time the hotel was up for sale.
 
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prateek24-ezbwHMbNAk

Novotel Glen Waverley sells for $73.6 million

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Vicinity Centres, operator of The Glen, gained a decisive win last week with City of Monash deciding to issue a Notice of Decision that will allow the operator to considerably boost the number of apartments it has planned as part of its wide-ranging redevelopment of the Glen Waverley shopping complex.

Subject to a number of conditions, the latest version of The Glen's pending $500 million overhaul will see apartment numbers rise from 427 to 539. Post approval of the previously intended redevelopment, Vicinity Centres went back to planning, introducing the proposed amendments during August.

NH Architecture remains the project's principal design driver, with UNStudio also present across planning documents, suggesting that the international design studio has played a part in the design evolution of the project.

<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/image217_0.jpg" rel="gallery-all" title="The Glen's new perspective. Planning images: NH Architecture"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image217_0.jpg?itok=JBKcJhEr" title="The Glen's new perspective. Planning images: NH Architecture" width="580"></a>

<figcaption>The Glen's new perspective. Planning images: NH Architecture</figcaption></figure>Expected changes to the centre's facade now sees a layered new skin consisting primarily of aluminium finishes, with the three residential towers also changing their configuration markedly.

The tallest 'Signature Tower' which was initially at 76.51 metres has lost five levels to better meet Council expectations regarding height. The 'Kingsway Axial Building' remains at 13 levels while the 'Urban Building' has been approved at 12 levels, and with considerably increased girth.

The wash up now sees Vicinity Centres able to add 539 apartments across the three approved towers, with configurations including 155 x 1 bedroom apartments, 357 x 2 bedroom apartments, 22 x 3 bedroom apartments and 5 x 4 bedroom penthouses which will crown the 'Signature Tower'.

Included within the revamped centre will be a net total retail floor space of 73,024sqm and 3,540 retail car spaces, plus 674 new spaces devoted to residential and residential visitor use.

<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/image214_0.jpg" rel="gallery-all" title="The Glen's proposed Square and Pavilion. Planning image: NH Architecture"><img alt="" class="image-article-full-width-580px" height="218" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image214_0.jpg?itok=c0IgN_KQ" title="The Glen's proposed Square and Pavilion. Planning image: NH Architecture" width="580"></a>

<figcaption>The Glen's proposed Square and Pavilion. Planning image: NH Architecture</figcaption></figure>Future residents will also have access to 2,700sqm of dedicated communal open space across the southern aspect of the complex.

The Glen's forthcoming development will also strive to add a degree of placemaking by way of a new public square and pavilion that will dominate the corner of Snedden Drive and O'Sullivan Road.

City of Monash have in recent times made a conscious effort to encourage Glen Waverley's various developments to provide an active and engaging street level outcome. The Glen's public square will eventually sit opposite the new 15 level <a href="/buildings/galleria-glen-waverley-52-osullivan-road-glen-waverley">Galleria</a> apartment development with its active frontages, while Council is also pursuing a redevelopment of the Glen Waverley Central Car Park site.

It in time is likely to feature a new library and community hub, expanses of green public space and a variety of predominantly residential towers, in line with Council's vision for a revamped heart of Glen Waverley.
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The Glen redevelopment grows further with more apartments approved

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Glen Waverley has experienced a considerable slowdown in comparison to this same time 12 months ago, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that this was expected as rapid growth rates were not sustainable and the change in foreign investment rules reduced the number of competing buyers in the market.
"Although those properties located within prestigious school zones are still achieving high market sale prices due to modest competition between local and overseas buyers, it is those secondary properties located outside the school zones which tend to be the slowest," the report noted.
Within Wantirna South, the most favoured price point tends to be between $750,000 and $950,000. For this, buyers can expect to purchase a partially renovated or updated three to four bedroom, two bathroom house on a 600 to 800 square metre block of land. There's also three bedroom house and land package at <a href="https://www.realestate.com.au/property-house-vic-wantirna+south-123796566?listingType=buy" target="_blank">Lot 334 Harcrest Boulevard </a>(pictured above) that is for sale for $758,930.
This particular price point tends to be favoured by more established families and investors, both groups with a heavy Asian influence. Many buyers are attracted to the area because of the high performing schools and proximity to local amenities.
The report noted that outer east suburbs such as Healesville, Upwey and Tecoma tend to be favoured by young families and first time buyers due to the more prominent sale prices of between $500,000 and $550,000.
Herron Todd White noted that these kinds of properties, although large, tend to be in need of renovations due to their old original condition.
"These properties, although generally quite large, tend to be in their original condition and in need of updating," the report said. "Interestingly however, weatherboard properties tend to fetch a premium in comparison to their brick veneer counterparts, with purchasers favouring this style."
Herron Todd White observed that properties in Croydon that are up to five years old are preferred by buyers.
"With the increasing number of subdivisions occurring or which have occurred within recent years, properties in Croydon which are either new or up to five years old tend to be preferred by purchasers. Similar to other suburbs, families are the predominant purchasers, however retirees looking for a home which requires minimal maintenance and upkeep are also favouring these new units.
"Furthermore the suburb is considered as more leafy than its neighbours which again suits both sets of purchasers."
The price point in Croydon most favoured tends to be between $650,000 and $720,000 and for this buyers can expect to secure a three bedroom, two bathroom townhouse with approximately 150 square metres of living.
In contrast the $1 million to $1.2 million range is perhaps the slowest. The number of properties in Croydon which sit within this price range is limited and those which do come onto the market can take some time to sell, the report said.
HTW suggested buyers of such properties tend to be local residents looking to upgrade to a larger home, however, similar to the outer eastern suburbs, at this price point weatherboards are favoured and tend to sell much faster.
The $1 million plus price seems to be the key pulling factor preventing more sales from proceeding. Purchasers at this price range also have neighbouring suburbs such as Ringwood and Ringwood East to consider, both of which are closer to the Melbourne CBD and benefit from their proximity to newly refurbished local amenities.
Relatively affordable homes (roughly $400,000) in the newer estates in Melbourne's south east are in hot demand.
"This demand typically comes from first home buyers, investors and downsizers," the report said.
"For this price, a new or recently built three or four bedroom home can be purchased depending on the quality of finish.
"Many agents are reporting that their biggest problem at the moment is finding new listings.
"Once they have the listing, the house practically sells itself. According to one agent in Officer, an existing home recently sold within three hours of it being listed on the market."
HTW noted there are still rural lifestyle properties located in parts of Officer that haven’t been overtaken by new estates and some of these sales fetch over $1 million.
However these properties are not in high demand and take far longer to sell.
Buyers in this market commonly represent older couples and families looking for a location further from the city.
Herron Todd White advised that properties the lifestyle market was slow by contrast: "Representing not necessarily a dead market, but a market not as active as that mentioned earlier. It can be assumed that this is a result of the higher price point and a product that’s not in as much demand as those in the estates."
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