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.

[smartcode_project:default project_id=138718 project_image_fid=214435]

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.

[smartcode_project:default project_id=138718 project_image_fid=214432]

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.

[smartcode_project:default project_id=112531 project_image_fid=320114]

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

Goldfields

National diversified property developer Goldfields Group has launched it's maiden Chatswood apartment development, The Bryson of Chatswood.

The project, on the Pacific Highway near Beauchamp Park, will comprise 70 one, two and three-bedroom apartments across its 26 levels, including a collection of&nbsp;skyhomes and penthouses.

Located in the heart of Chatswood, the 90 metre tall tower offers expansive views across the Sydney CBD and beyond. Drawing on Sydney’s established narrative, this development embraces its context with a design language inspired by both the industrial ambience and urban vibrancy of its streetscape.&nbsp;

Goldfields CEO Lachlan Thompson said that the launch of The Bryson marked a significant milestone for the increasingly diversified developer.

“We are very excited to mark the latest step in our strategic vision for expanding our presence in New South Wales,” Thompson said.

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“Sydney’s Lower North Shore has become one of the most sought-after places to live and work in Australia and we see this trend continuing well into 
the future.

“We saw an unmissable opportunity to bring high-quality mixed-use residential space to an area that is demanding it. We are thrilled to present our vision for The Bryson at the heart of booming Chatswood.”

<h2>The Design</h2>

Architecture firm MAKE handled the design of The Bryson, noting they&nbsp;designed the building form with four vertical ceramic blades that create a full-height cruciform shape.

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"The blades curate apartment views and define the residential quadrants of the floorplate, while controlling daylight exposure, shading and ventilation.

"Their earthy, terracotta colour will visually ground the building within its local context, taking a cue from nearby brick residential buildings.

There was also a focus on wellbeing in The Bryson, which features&nbsp;communal open areas with a swimming pool, reading lounges, pool deck, outdoor terraces with barbecue facilities, dining areas and fire pit lounges.

"We’ve maximised the podium rooftops to provide amenities to residents, including a lap pool, outdoor dining spaces, a yoga terrace and landscaped terrace gardens," MAKE added.

"We’ve also included landscaping at the ground level and publicly accessible open space that’s shaded by large canopy trees.

"With its projected 5 Star Green Star rating, it will set the standard for future development in the Chatswood area."

<h2>The Location</h2>

The Bryson is located in the heart of Chatswood, offering residents easy access to a range of transport connections. The area is serviced by multiple bus routes and train lines, with Chatswood Station just a short walk away. The M2 Motorway also offers direct access into Sydney’s CBD and beyond.&nbsp;

[smartcode_project:default project_id=21170 project_image_fid=210265]

For international travellers, The Bryson offers convenient proximity to both Sydney Airport and Kingsford Smith International Airport. Residents can also take advantage of nearby ferry services which provide direct links to Manly Beach and other popular destinations along the harbour foreshore.&nbsp;

In addition to its excellent transport connections, The Bryson also enjoys close proximity to some of Sydney’s most iconic attractions including Taronga Zoo, Luna Park and Balmoral Beach.

“Chatswood is a mecca of multi-faceted appeal,” Thompson added.

“The area has several quality schools, an abundance of parks and green space, seamless connection to major arterials and transport exchanges and nurtures a thriving commercial landscape which positions it as a suburb of convenience and ample future opportunity.

“We are thrilled to be part of the ongoing evolution of the vibrant Chatswood skyline through the carefully considered design of The Bryson.”

<h2>The Amenity</h2>

Nature is a constant thread through the building’s shared spaces, offering lush garden zones, earthy tones, fresh air and natural light throughout.

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The rooftop terrace was designed as an urban resort.&nbsp;Offering views across the surrounding Chatswood CBD, the rooftop features a swimming pool, terrace, gardens, barbecue facilities, and outdoor furniture.

Integrating into the vibrant public realm of Chatswood is a ground floor retail offering that acts as a threshold between the neighbourhood and the private residences above. Strata office suites will be located on levels two and three.

<h2>What's on offer</h2>

Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments.

The two-bedroom apartments range in price from $1,195,000 for a unit without parking, to $1,765,000 for a two-bedroom, two-bathroom apartment with a parking space.

The largest apartments, the three-beds, start at $2.34 million and rise incrementally to $4.63 million for the sub-penthouses.

[smartcode_project_cta:default project_id=21170]

Colliers Australia are handling the sales, with prices starting from $865,000 for the one-bedroom apartments

Goldfields launch The Bryson of Chatswood apartments

National developer Goldfields' first foray into the Brisbane apartment market was no snap decision.

It's taken the prominent diversified developer years to put the plans together, seeking local market insights from the Colliers QLD team on the correct product mix for current market conditions.

Colliers International Australia’s Andrew Scriven, who will be heading the sales team for 33 Manning in Milton, believes the landscape has shifted significantly in residential real estate in the last two to three years.

Scriven says developers now needed to be “smarter and more considered, not only when finding opportunities but in seeing them through”.

“COVID brought with it changes that we didn’t expect but also provided opportunities we didn’t see, initially in the house and land space but subsequently in the apartment space as people chose to change the way they live,” he says.

“This could be changing states or downsizing from a larger house. This has created opportunities for developers and one of those has been tapping into previously undersupplied markets.”

As part of the consulting team behind 33 Manning, Scriven points to a combination of data insights and deep geographical and sector expertise being more valuable than ever before.

In-depth data analysis formed a critical part of the development of the new 18-storey, 131-apartment building. The insights gained helped inform the location, design and offering of the residential tower.

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“Population growth is a key indicator for changing consumer behaviour and it’s hard to ignore the opportunities offered by the explosive population growth in South-East Queensland and Brisbane over the past two years," Scriven says.

"Net interstate migration exceeded 30,000 people in 2021 and population growth in Queensland was recorded at 1.6% 1 ”.

Considered alongside the lack of available of stock within the western suburbs of Brisbane, Goldfields, development partner Icon, and Colliers saw an opportunity for maximising the post-COVID market.

Scriven believes few have fully understood the potential value of the western suburbs of Brisbane.

“The western suburbs have been undersupplied for some time, and local migration is still increasing at a faster rate than the supply of new homes on this side of the city,” he says.

[smartcode_project:default project_id=108736 project_image_fid=209692]

“We identified that buyers want to live in the western suburbs and as such we needed to deliver a diverse range of product to cater to a wide range of buyers and occupants. 33 Manning does just that with its mix of one, two and three bedroom apartments and penthouses with river and city views.”

Scriven says downsizers are actively seeking out lifestyle precincts that offer connection and a village atmosphere.

“These buyers are looking to stay close to the things they know while enjoying new experiences and unlocking value,” he says. “For investors, the market fundamentals on offer in Milton are its relative affordability compared to other states as well as the population and employment growth in the area.

“With the Olympics around the corner and low supply levels a result of construction and supply chain issues, we don’t see any of these fundamentals changing significantly for some time.”

For Scriven, the city’s low vacancy rate, which is currently under 0.7% is another indication why suburbs like Milton will experience increasing demand for housing.

<h2>Apartment resurgence</h2>

The combination of useful data and deep expertise is critical for developers looking to find value and stay ahead of the market. Similarly, collaboration with leading consultants and experts is invaluable.

[smartcode_project:default project_id=108736 project_image_fid=209693]

“We started to recognise that although sea-changers and tree-changers initially started buying land to build bigger houses at the height of the pandemic, affordability and confidence has led to a recent resurgence in apartment living.

“Additionally, many owner occupiers have been unlocking equity as house prices rise, downsizing their home while upsizing their lifestyle,” he said.

In Brisbane, there is currently a 46 per cent difference between the average house price and apartment price; the largest gap in the country, and the most significant in 10 years. Apartments in the city are currently providing the most value for owner occupiers and opportunity for investors.

[smartcode_project_cta:default project_id=108736]

Scriven says downsizers are actively seeking out lifestyle precincts that offer connection and a village atmosphere

How on the ground insights helped create 33 Manning in Brisbane's Milton

The national property developer Goldfields is already seeing high demand for it's maiden Western Australia land development, set in the heart of wine country, Margret River.

The 47 hectare masterplan, called Spindrift, will be officially unveiled this month.

Construction has begun on the 423-lot project, three kilometres south of the Margaret River town centre in WA's South West area.

Spindrift is surrounded by a developed community to the west and established Karri trees to the north and east. The first release of land will have prices starting from $194,500.

Gareth Wilson, Goldfields General Manager in WA, said Spindrift was perfectly positioned within a short drive to town while still having access to the natural beauty of Margaret River.

He said the development’s larger lots, intelligent design and landscaped reserves would make it highly sought after in a constrained local real estate market.

“Margaret River offers a unique opportunity to live in one of Australia’s most picturesque and renowned destinations and continues to be one of the most sought-after regions in WA,” Wilson said. “Housing demand has continued to outweigh supply in Margaret River which is testament to the attractiveness of the South West lifestyle.

“Spindrift will play a pivotal role in meeting short and medium term demand for housing in Margaret River.”

Spindrift is centred on a strong sense of community, where residents can immerse themselves in nature while still enjoying the comforts and amenity of modern life. It&nbsp;will offer all the amenities expected of a contemporary estate, including immediate access to neighbouring parks and playgrounds, schools, shopping strips, cafes, restaurants and medical facilities.

<img alt="Spindrift Goldfields" data-entity-type="file" data-entity-uuid="45ea4607-d6af-4c87-9448-52c216d28499" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-28%20at%201.43.30%20pm_0.png?VersionId=g3sfILTkHvjeotjkCCiCGs2Xg1k2gbdh" />

Brook Palmateer, Associate Director at Acton Belle Property in Margaret River, said early interest levels in Spindrift were on par with that seen at larger, metropolitan housing developments.

“Interest is coming from a wide variety of people, but particularly local homebuyers,” Palmateer said. “That early interest has been all the greater because there are very few blocks on the market in the region at the moment.

“Everything has sold, there is hardly anything titled on the market and the only things that are titled at the moment are on very steep blocks that are harder and more expensive to build on. We have a significant lack of stock at this price point for people to choose from, across the whole South West region but particularly in Margaret River.”

The Augusta-Margaret River Shire recorded a sharp 17.8 per cent increase in population from 2016 to 2021 in Census data released by the Australian Bureau of Statistics. The estimated local population of 17,298 represented a year-on-year increase of 2.85 per cent compared to 0.93 per cent population growth in Regional WA more broadly.

According to the Real Estate Institute of WA (REIWA), there were a total of four properties advertised for rent on reiwa.com on 31 October 2022. In October 2021 there were two, and in October 2020 just one.

“We have a housing crisis in Margaret River and the surrounding region at the moment,” Palmateer added. “People cannot find anywhere to live – there is nowhere that is suiting them to buy, there’s no land to build on and we’ve got a rental shortage, and almost zero percent vacancy rate.

“80% of the walk-ins to our office are people looking for rentals. Margaret River in particular, closely followed by Dunsborough, are in the highest demand. Not only are a growing number of people keen to move here and enjoy the beautiful lifestyle now that they have more flexibility with working arrangements, but there are a lot of local people that are looking for housing as well, people that have been here 20-30 years. It is across the board.

“Spindrift is ideally situated to address this significant need for more housing in Margaret River and it is doing so at a great price point, in a central location close to amenities and all the natural beauty the region has to offer. This land will be snapped up swiftly.”

Construction has begun on the 423-lot project, three kilometres south of the Margaret River town centre in WA's South West area.

Goldfields launch Margaret River land estate, Spindrift

Joint venture partners Goldfields and Icon Developments have been given the green light for their first built form project in the burgeoning&nbsp;Brisbane apartment&nbsp;market.

The 18-level tower, named after its Milton dress circle location at 33 Manning, has been designed by renowned architects Rothelowman and will see 131 apartments created in the popular inner western Brisbane suburb.&nbsp;

Strategically located two kilometres from the&nbsp;Brisbane&nbsp;CBD and adjacent to the Park Road precinct, the 1,600 sqm site will feature city and river&nbsp;views,&nbsp;a rooftop pool&nbsp;and convenient transport options.&nbsp;With the&nbsp;project&nbsp;receiving&nbsp;development&nbsp;approval&nbsp;late last&nbsp;week, construction&nbsp;is set&nbsp;to commence in early 2023.&nbsp; 
&nbsp;

<img alt="33 Manning living" data-entity-type="file" data-entity-uuid="46602173-efaa-40b2-9a84-cfb270f4c49c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/220624_PH_LIVING_0.jpg?VersionId=ZswsEnH9ySqvrFbjZtwFviwp47XbVzrU" />

“We are excited to&nbsp;re-imagine&nbsp;the traditional Queenslander&nbsp;for&nbsp;the 21st century with this landmark new project that&nbsp;allows us to bring over a decade of&nbsp;built form&nbsp;experience&nbsp;across Australia into&nbsp;the rapidly growing and undersupplied Queensland market,” Lachlan Thompson, Goldfields&nbsp;CEO, said.&nbsp;

“Explosive population growth in South-East Queensland and Brisbane over the past two years,&nbsp;coupled&nbsp;with&nbsp;net&nbsp;interstate migration&nbsp;which&nbsp;exceeded&nbsp;50,000 people in&nbsp;the last 12 months,&nbsp;has created an ideal environment for a well-located development with&nbsp;progressive&nbsp;design credentials to meet&nbsp;a&nbsp;growing&nbsp;requirement.

“There has been an undersupply of new housing&nbsp;across most&nbsp;of Brisbane for some time&nbsp;and the continued low vacancy rates in the&nbsp;Milton&nbsp;area&nbsp;point to&nbsp;the rise in&nbsp;demand&nbsp;in this precinct in particular.”

Icon Developments’&nbsp;Nick Sestak said 33 Manning represented an opportunity for Icon Developments to partner with leading&nbsp;national&nbsp;developer Goldfields on our first development joint venture in Queensland.

Rothelowman’s Nick Williams says the project celebrates&nbsp;the Sunshine State’s heritage.

<img alt="Dining area 33 Manning" data-entity-type="file" data-entity-uuid="b17a6f2d-2b60-48a1-acff-6ceba7bcb289" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/90F9A8A0-8A84-4613-9978-C6017DEA8727.jpeg?VersionId=.Xmi3t7uyvICoGatymNK1VI2KrCrmrmG" />

”33 Manning pays homage to the verandah – the culmination of the functional intelligence of the traditional Queensland home,” Williams said.

“33 Manning brings the scale and function of a traditional Queensland home to an apartment building, aligned to Queensland’s subtropical climate while transforming it for contemporary high-rise living.

“33 Manning is an open embrace to the sunlight and temperate breezes that give Brisbane its allure,&nbsp;with&nbsp;a&nbsp;design&nbsp;language&nbsp;centred on indoor/outdoor living and elevated by the&nbsp;panoramic views across the Brisbane River and city skyline.”

The striking tower will home a mix of&nbsp;one, two and three-bedroom homes&nbsp;and penthouses&nbsp;designed to&nbsp;enhance inner-city living.

The rooftop pool will offer 180-degree views&nbsp;from&nbsp;Mount Coot-tha to the Brisbane CBD. Communal dining&nbsp;spaces,&nbsp;a&nbsp;yoga&nbsp;area,&nbsp;and the&nbsp;verdant landscaping of the zengarden provide further amenity.

Milton is an evolving area nestled between the established suburbs of Paddington, West End and South Brisbane,&nbsp;in close proximity to transport options, the Brisbane CBD and River and&nbsp;an&nbsp;eclecticarray of&nbsp;cafes, eateries and bars.

Colliers agent Andrew Scriven says migration to&nbsp;Brisbane&nbsp;has continued to increase at a faster rate than the supply of new homes.

“Post-pandemic, we have&nbsp;started to recognise&nbsp;that although sea-changers and tree-changers initially started buying land to build bigger houses at the height of the pandemic, affordability has led to a recent surge in apartment living,” Scriven said.

“Additionally, many owner occupiers have been unlocking equity as house prices rise, downsizing their home while upsizing their lifestyle.&nbsp;City side precincts like Milton that provide river and city views, an active healthy lifestyle and connectivity in a burgeoning village atmosphere tick the box for these buyers.

“In Brisbane,&nbsp;there is currently a 46% difference between the average house price and apartment&nbsp;price,&nbsp;the largest gap in the country, and the most significant in 10 years. Apartments in the city are currently providing the&nbsp;great&nbsp;value for owner occupiers&nbsp;and investors alike.

“With population growth&nbsp;now exceeding&nbsp;50,000 per year, relative affordability when compared to traditional houses and&nbsp;indeed&nbsp;interstate apartments markets, a vacancy rate less than 1% and the city moving towards the 2032 Olympics,&nbsp;the investment equation has never been as strong.”

&nbsp;

The 18-level tower, named after its Milton dress circle location at 33 Manning, has been designed by renowned architects Rothelowman

Goldfields and Icon secure approval for Milton apartment tower

Leading diversified property development group Goldfields is continuing to invest in Australia's regional markets, securing a site in&nbsp;Grantville,&nbsp;on the east coast of Western Port, Victoria.

The $17.8 million purchase of the 13-hectare site will see around 160 lots created as part of a masterplanned residential community.

Strategically located between Phillip Island and Melbourne, and a stone’s throw from Grantville Pier, the estate will offer easy access to Western Port Bay and surrounding beaches, the Bass Highway, Phillip Island, natural bushland and nearby retail and food outlets.&nbsp;

The acquisition bolsters Goldfields’ commitment to investing in regional centres, following the developer’s recent purchase of sites in Margaret River, Western Australia, and Shepparton, Victoria.

Goldfields’ Chief Executive Officer Lachlan Thompson said the new site was reflective of the property developer’s belief in Australia’s regional housing markets.

“This site represents the third residential masterplanned community Goldfields has acquired so far this year," Thompson said.

"We’re always searching for growth opportunities and are bullish on regional markets in areas with a diverse economy, healthy government infrastructure spend and good local amenities."

Goldfields’ National Director of Communities, Paul Cicchiello, said Goldfields saw an opportunity to purchase one of the last remaining sites along the Bass Coast.

“The iconic Bass Coast is being protected from overdevelopment by the local Council’s Distinctive Areas and Landscapes Program,"&nbsp;Cicchiello noted.

"With limited supply in the region and demand for residential housing in regional Victoria increasing, Goldfields is excited to offer future residents a peaceful, well-connected coastal lifestyle.&nbsp;

“Goldfields remains steadfast in its commitment to creating functional, quality housing communities in areas where people actually want to live.

"We’re expecting this new masterplanned community to appeal to sea changers from Melbourne, upgraders working the south-eastern suburbs of Pakenham and Cranbourne and local first-home buyers.

"This&nbsp;project will provide residents with an excellent coastal lifestyle in a sought-after region with easy access to Melbourne,” he said.

Construction is expected to begin in 2024.

Goldfields’ Chief Executive Officer Lachlan Thompson said the new site was reflective of the property developer’s belief in Australia’s regional housing markets

Goldfields secure Bass Coast masterplan community site

The diversified national property development group, Goldfields, has bulked up its regional Victoria residential development pipeline, securing three adjoining sites in Shepparton.

Situated in the Shepparton South East Precinct Structure Plan (PSP), the largest of five proposed major growth corridors in the Shepparton-Mooroopna urban area, the newly acquired sites are set to become a masterplanned residential community comprising of approximately 450 lots (subject to council approval).

Located a stone&rsquo;s throw away from the Shepparton town centre, the estate will offer easy access to local primary and high schools, Coles and Woolworths supermarkets and retail favourites Bunnings and Kmart.

Future residents will also benefit from its proximity to the Shepparton Railway Station, with the Victorian Government&rsquo;s Stage 3 upgrade of the Shepparton Line due to commence this year. The works will deliver additional Shepparton to Melbourne rail services with a shorter travel time.

The acquisition further bolsters Goldfields&rsquo; commitment to investment in regional centres and follows their purchase of a <a href="/news/wa/goldfields-expands-into-wa-with-margaret-river-house-and-land-site-acquisition">400-lot, $8 million site in Margaret River, WA announced in February</a>.

Goldfields&rsquo; National Director of Communities, Paul Cicchiello, said the recent purchase of the residential sites in Shepparton reinforced Goldfields&rsquo; commitment to targeting strategic opportunities in Victoria&rsquo;s regional growth areas.

&ldquo;Demand for residential land across regional Victoria continues to grow, and Shepparton is no exception. It&rsquo;s experiencing significant population growth, which is supported by infrastructure investment from the Victorian and Federal governments,&rdquo; Cicchiello said.

&ldquo;Goldfields is excited to meet this demand to ensure Shepparton can continue to thrive. Our approach will deliver a functional, quality community that adds value and celebrate Shepparton&rsquo;s natural surrounds.&rdquo;

Goldfields&rsquo; Chief Executive Officer Lachlan Thompson said that the new project will provide an unrivalled offering, with quality amenities and green open spaces creating an attractive opportunity for first home buyers, families and investors alike.

&ldquo;These sites are perfectly positioned in the Shepparton South East PSP, providing residents access to an excellent array of amenities,&quot; Thompson said.

&quot;This new urban development will create an interconnected community with easy access to existing retail centres, extensive aged care accommodation, local parks and other community facilities.&rdquo;

&ldquo;Shepparton has a history of low rental vacancies and strong yields for investors. It&rsquo;s also more affordable than similar regions in rural Victoria, such as Ballarat and Bendigo, and these factors contributed to our belief in the area.&quot;

Construction is expected to begin in 2025.

Goldfields secure Shepparton masterplanned community site

National property developer Goldfields is further expanding its extensive portfolio, announcing its first acquisition in Western Australia and the opening of a new Goldfields office in Perth.

The newly acquired 400-lot site was purchased for $8 million and is four kilometres&nbsp;from the centre of the Margaret River township. It will be Goldfields’ first development beyond Australia’s eastern seaboard.

The site, at 211 Darch Road, Margaret River,&nbsp;is set to become a masterplanned residential community, with construction due to commence in the fourth quarter of this year. It is well-positioned to&nbsp;benefit&nbsp;from strong demand as Western Australia prepares to welcome back domestic and international migrants in the future.

Lachlan Thompson, Chief Executive Officer of Goldfields, said the team had been looking for areas with strong development potential on the western coast of Australia.

“We’ve made no secret of our appetite for growth and our expansion into WA further strengthens our national pipeline," Thompson said.

“We’ve identified significant growth opportunities in Margaret River, due to favourable economic conditions, employment expansion and significantly constrained land supply in the area.

“We are delighted to have a permanent presence on the west coast in addition to major ongoing projects in Victoria, New South Wales, Queensland and South Australia."

Gareth Wilson, General Manager WA at Goldfields, noted recent growth in Margaret River and surrounds created an attractive development opportunity.

“Popularity in the South-West is stronger than ever and as a result Margaret River has seen an unprecedented growth in property sales and prices over the past two years," Wilson noted.

“Margaret River’s unique lifestyle offering and the strong Western Australian economy have created demand in the area, not only from the local population, but also holiday makers and investors.

“The picturesque site is surrounded by world-famous surf beaches, renowned wineries and is a short drive into Margaret River township. Not only will this new community help to meet the demand for housing, but it will also offer purchasers an affordable opportunity to improve their lifestyle in the South-West,” Mr Wilson said.

Goldfields also recently branched out in to Brisbane, <a href="/news/qld/melbourne-developer-goldfields-take-first-step-in-to-brisbane">submitting plans for a 20-level tower in&nbsp;Milton</a>, the riverside suburb in the inner western ring of the city.

Goldfields Chief Executive, Lachlan Thompson, told Urban that the time was right to go in to the Brisbane apartment market.

“As a national property developer, we are constantly looking for areas that offer strong development potential and we were impressed with Milton’s amenity and connectivity to all things lifestyle related," Thompson said.

Lachlan Thompson, Chief Executive Officer of Goldfields, said the team had been looking for areas with strong development potential on the western coast of Australia

Goldfields expands into WA with Margaret River house and land site acquisition

<html><body>
Goldfields' plans for the development of an 85-unit Chatswood residential tower has been endorsed by Willoughby Council.
The Chatswood development will be a further addition to Goldfields’ growing pipeline in New South Wales.
"Our project in Chatswood will be one of the first approved developments under the Chatswood CBD Planning and Urban Design Strategy, so it is a great opportunity to bring high-quality mixed-use residentialto an area that is demanding it," managing director of Goldfields, Marco Gattino, said.
The new development site is 400 metres from Chatswood Railway Station and Westfield Shopping Centre.
Construction is set to begin September 2020.
"It’s been a challenging 12 months for Australian property, however Sydney’s Lower North Shore is quickly becoming one of the most searched and desired places to live and work in Australia; and I see this trend continuing into 2020," Gattino said.
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j.ballantyne1990-6AQqhLzZaK

Development approval for Goldfields project in Chatswood 

<html><body>
Following <a href="/news/goldfields-office-development-at-627-chapel-street-approved-by-stonnington">last month's approval of its commercial development at 627 Chapel Street</a> in Melbourne's South Yarra, Goldfields has received further good news with Willoughby Council endorsing its proposal for a 85-unit residential tower in Sydney’s Lower North Shore of Chatswood.

Building on its portfolio of developments along the East Coast, the Chatswood development will be a further addition to Goldfields’ growing pipeline in New South Wales. 
According to Goldfields, the approval of the Chatswood development marked a significant milestone for the company.

<blockquote>
“We’ve established a strong presence in Victoria and spent much of 2018 focussing on our developments in Queensland, so expanding our footprint into New South Wales is an exciting opportunity for Goldfields.

It’s been a challenging 12 months for Australian property, however Sydney’s Lower North Shore is quickly becoming one of the most searched and desired places to live and work in Australia; and I see this trend continuing into 2020.

Our project in Chatswood will be one of the first approved developments under the Chatswood CBD Planning and Urban Design Strategy, so it is a great opportunity to bring high-quality mixed-use residential to an area that is demanding it.”

-  Marco Gattino, Managing Director of Goldfields
</blockquote>

Chatswood is located 8 km north of Sydney’s CBD and the new development site is just 400m from Chatswood Railway Station and Westfield Shopping Centre.

The area is set to undergo extensive upgrades to Sydney’s rail network that will open the city’s Metro Northwest line in the second quarter of 2019, making the site’s walkability, convenience and accessibility a huge selling point for future buyers.

With approval from Willoughby Council, in hand the Planning Proposal will now proceed to the Department of Planning and Environment for Gateway Determination.

Goldfields aims to begin construction in September 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/pbd_pacific_final_1.jpg" rel="gallery-all" title="Goldfields' Chatswood proposal has received the green light from Willoughby Council. Image: Goldfields"><img alt="" class="image-article-full-width-580px" height="700" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/pbd_pacific_final_1.jpg?itok=gMhLL-Fe" title="Goldfields' Chatswood proposal has received the green light from Willoughby Council. Image: Goldfields" width="580"></a>

<figcaption>Goldfields' Chatswood proposal has received the green light from Willoughby Council. Image: Goldfields</figcaption></figure> 
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Laurence Dragomir

Goldfields expands its footprint to Chatswood

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Stonnington Council has voted in favour of a $300 million office project in <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> being developed by local developer Goldfields. Located at <a href="/developments/south-yarra-vic-3141">627 Chapel Street</a>, the 24-storey tower will comprise 24,000 sqm of office space in addition to an expansive as ground floor retail offering.

627 Chapel Street - as it is currently known - has been designed by <a href="/architects/cox-architecture">COX Architecture</a> to set a new benchmark in contemporary and innovative workplace design. It would rise directly opposite the under construction <a href="/buildings/capitol-grand-241-toorak-road-south-yarra">Capitol Grand</a> which is fast making its presence felt on the South Yarra skyline. 

The development of an office building on the site seeks to contribute to a more diverse mix of uses within the Forrest Hill Precinct. This represents a strong departure away from the predominantly residential development witnessed in recent years, and aligns with Stonnington Council’s vision for a truly mixed-use precinct as set out in Chapel reVision Structure Plan 2013-2031. 

<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/181210_v01_hero_p.jpg" rel="gallery-all" title="627 Chaepl Street has been approved by Stonnington Council. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="889" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/181210_v01_hero_p.jpg?itok=Z6YgBK_s" title="627 Chaepl Street has been approved by Stonnington Council. Image: Supplied" width="580"></a>

<figcaption>627 Chapel Street has been approved by Stonnington Council. Image: Supplied</figcaption></figure>According to Goldfields, 627 Chapel Street heralds "a new era for South Yarra," by responding to the changing demands of the growing precinct, in addition to prospective tenants searching for an innovative workplace environment which includes restaurants, cafes, multiple green spaces, state of the art end-of-trip facilities, a concierge and a business lounge.

<blockquote>
Our unique lifestyle approach to 627 Chapel Street will create the best Melbourne CBD fringe office development and workplace offering. 627 Chapel Street sets the scene for future-focused business and will attract progressive occupiers with progressive needs. The building is self-sustaining, connected, impeccably designed and integrated with personal lifestyle amenities – all key factors that will bring this building, and precinct, to life.

- Marco Gattino, Managing Director of Goldfields
</blockquote>

Goldfields expects construction to begin on 627 Chapel Street in mid-2019, with an expected two-year build. You can read more about the design of 627 Chapel Street in our piece from <a href="/news/goldfields-and-cox-reboot-627-chapel-street">June last year</a>.
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