Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Knight Frank

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The Sydney prime residential market grew by 4.7% in the year to the end of March 2020, and 1.2% in the first three months of 2020. 
But husing markets across prestige markets in Australia "remain in a state of flux" given the restrictions on viewings and lower transaction volumes reflecting the uncertainty which has returned to the market.
"This is likely to place pressure on prices from Q2 2020, but until now, they’ve remained firm," according to Shayne Harris, Knight Frank’s head of residential.
“This holding pattern is likely to change course as each state relaxes restrictions and we will be closely monitoring how the Sydney residential market responses when open homes and live auctions are permitted to take place from this Saturday 9 May in NSW. 
“Most important will be how much confidence has been restored to the economy, and as a result, the impact of unemployment in five months’ time when the financial mechanisms put in place by the government ease."
In the year to Q1 2020, 76% of global cities recorded flat or rising prime property prices.
A look at quarterly shifts with the impact of Covid-19, the report noted all five of the weakest performing markets being in Asia in Q1 2020.
Bangkok witnessed the deepest decline at 5%.
Data from Singapore looks to be stuttering following the resurgence in Covid-19 cases.
Before the crisis took hold, the Sydney prime residential market was performing well by global standards, enduring 28 quarters of positive annual growth, averaging 8% growth per annum since March 2013. 
Benchmarking five years earlier to the fall of the Lehman Brothers in Q1 2008, Sydney has experienced growth of 73% in prime prices since this time, significantly outpacing cities such as New York, London and Hong Kong. <img src="https://content.knightfrank.com/blog/2020/4/91c48c30-3655-4419-8e40-102df64646e1/pgci12020fig1.jpg">This rapid rate of growth had slowed in recent years to a more sustainable pace as the maturing Sydney prestige market has settled into its own growth trajectory, detaching from the performance of the mainstream property market. 
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j.ballantyne1990-6AQqhLzZaK

Sydney prestige residential up one percent in 2020

<html><body>
Luxury residential price growth in Australia is highest in Sydney and Melbourne, according to the results of the Prime International Residential Index (PIRI 100) in Knight Frank’s The Wealth Report 2020, released.
The PIRI 100, which tracks the movement of luxury residential prices in 100 cities and second home markets globally between December 2018 and December 2019, found four Australian cities were ranked in the top 60 for luxury residential market performance over the past year. 
Sydney was the top ranked city in Australia, coming in at number 27 with 3.7 per cent annual growth, with Melbourne second at 44 (2.2 per cent growth).
The Gold Coast was ranked 55 (1.8 per cent), Brisbane was ranked 57 (1.4 per cent) and Perth came in at 63 (0.9 per cent)
“Globally, the 100 locations covered by Knight Frank’s Prime International Residential Index recorded average price rises of 1.8 per cent, up from 1.3 per cent in 2018, although down from the 2.8 per cent recorded in 2013", according to Michelle Ciesielski, Knight Frank’s head of residential research Australia.
“Despite record low interest rates and wealth growth continuing in most advanced economies, there were some factors preventing global price growth from reaching previous highs, including the slowing global economy, rising property taxes and in some cases, a surplus of luxury homes on the market.
“But global price growth is firmly on the way up, with a shift away from the moderating price growth that has prevailed since 2013. We found 78 of the 100 locations in PIRI registered flat or positive growth in 2019. 
“In Australia, Sydney and Melbourne recorded growth above the global average, and Sydney is leading the five domestic markets with prices underpinned by constrained supply, a resilient stock market and three interest rate cuts in 2019.
“Arguably unrivalled for lifestyle, Sydney combines all the first-class amenities of a tier-one city with an outdoor lifestyle in a waterfront location.”
Shayne Harris, National Head of Residential, Knight Frank said, “Demand for luxury property in Sydney has further strengthened, with demand growing and momentum building from 2019 into 2020. 
“We know from The Knight Frank Attitudes Survey that one-third of Australian ultra-high-net individuals (UHNWIs) wealth portfolios are made up of their principal place of residence and second homes.
 “Sixteen per cent of Australian UHNWIs are planning another residential home purchase and this doesn’t include those properties for investment purposes. The main reason for their next purchase will be led by upgrading the family’s main residence, downsizing or retirement and a new family home in a sunny location.  
“Globally, 21 per cent of UHNWIs are planning another home purchase in 2020. When ranking the countries for the next purchase, Australia came in third place, behind the United Kingdom and the United States despite non-residents without an investor visa being restricted to new-build purchases only.
“Looking at relative values across the globe, you can essentially buy 50 sqm of prime luxury internal floorspace in Sydney with US$1 million, when compared to 21 sqm in Hong Kong or just 16 sqm in Monaco. 
“Your US$1 million extends even further when buying in Melbourne (96 sqm), Perth (117 sqm), Brisbane (123 sqm) and 136 sqm on the Gold Coast.”
Ms Ciesielski said ongoing high demand for luxury residential property in both Sydney and Melbourne was expected to result in higher growth rates in prices next year.
“Both cities have performed better than expected over the past 12 months, exceeding expectations for prime residential price growth, with Sydney’s actual growth of 3.7 per cent almost double the forecast 2 per cent and Melbourne’s growth of 2.2 per cent more than double the forecast 1 per cent.” 
“Knight Frank’s The Wealth Report forecasts that Sydney luxury residential property prices will grow by 4 per cent in 2020, while Melbourne will see growth of 3 per cent. The other cities of Brisbane, Perth and the Gold Coast are forecast to see growth of 2 per cent over this time.” 
Australian cities included in Knight Frank’s PIRI 100:
<table style="width: 632px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="179">
City
</td>
<td valign="top" width="113">
2019 Ranking
</td>
<td valign="top" width="113">
 per cent Change 
(Dec 2018 to Dec 2019) 
</td>
<td valign="top" width="113">
2018 Ranking
</td>
<td valign="top" width="113">
 per cent Change (Dec 2017 to Dec 2018) 
</td>
</tr>
<tr>
<td valign="top" width="179">
Sydney
</td>
<td valign="top" width="113">
27
</td>
<td valign="top" width="113">
3.7 per cent
</td>
<td valign="top" width="113">
30
</td>
<td valign="top" width="113">
3.1 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Melbourne
</td>
<td valign="top" width="113">
44
</td>
<td valign="top" width="113">
2.2 per cent
</td>
<td valign="top" width="113">
41
</td>
<td valign="top" width="113">
2.2 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Gold Coast (= with Verbier, Switzerland)
</td>
<td valign="top" width="113">
55=
</td>
<td valign="top" width="113">
1.8 per cent
</td>
<td valign="top" width="113">
42
</td>
<td valign="top" width="113">
2.1 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Brisbane
</td>
<td valign="top" width="113">
57
</td>
<td valign="top" width="113">
1.4 per cent
</td>
<td valign="top" width="113">
31
</td>
<td valign="top" width="113">
3.0 per cent
</td>
</tr>
<tr>
<td valign="top" width="179">
Perth
</td>
<td valign="top" width="113">
63
</td>
<td valign="top" width="113">
-0.9 per cent
</td>
<td valign="top" width="113">
42
</td>
<td valign="top" width="113">
2.1 per cent
</td>
</tr>
</tbody></table>
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Melbourne and Sydney dominate luxury residential price growth in Australia: Knight Frank

<html><body>
Recent research conducted by Knight Frank's partner and head of research, Michelle Ciesielski observes a shift in the narrative from downsizing to rightsizing due to changes in the lifestyle trend towards apartment living.
<h2>Trends to Monitor</h2>
The 'Australian Prime Residential Insight 2020' outlines some of the trends that are expected to influence the rightsizer prime luxury market in the coming years. 
<h2>1. 'Active Retired' Transforming the Retiree Lifestyle</h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Active%20Retired%20Group.jpg" alt="">
Unlike past generations, the 'Active Retired' group hold a passport with many stamps, they are educated, willing to engage in smart technology and encouraged the change in definition for their next home purchase to 'rightsize' rather than 'downsize'. 
<h2>2. Baby Boomer Voice Growing </h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Baby%20Boomers.jpg" alt="">
The baby boomer group comprised 23.5 per cent of the Australian population in 2016, growing from 21.7 per cent five years earlier. 
In 2020, the youngest baby boomer turns 56 years old and the oldest turns 74 years old. 
<h2>3. Under-Supplied Prime Suburbs</h2>
The portion of three-bedroom and above dwellings due for completion by 2022 is increasing to 71 per cent in medium density, and to 18 per cent for high-density dwellings. 
The next trend to watch is the total number of dwellings being completed with 47 per cent less medium-density dwellings due between 2020 and 22, compared to 2017 and 2019, and 30 per cent less being built as high-density dwellings. 
<h2>4. Collaborate, Community, Belonging </h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Collaborate.jpg" alt="">
More emphasis on creating agile collaborative zones within the amenities to ensure they carry significance to the residents and can be adapted for alternate uses at other times of the day. 
<h2>5. Clever Spaces</h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Crown%20Residences%202.jpg" alt="">
Source: Crown Residences at <a href="https://onebarangaroo.com.au" target="_blank">One Barangaroo</a>
Drawing inspiration from the most exclusive hotels and residences from around the world will continue to nurture the redesign of luxury apartments and allow residents to be more agile and minimise ineffective space. 
<h2>6. Rise in Lateral Living </h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Lateral%20Spaces.jpg" alt="">
Source: Liverpool/ <a href="https://www.lateralestate.com/libertytower" target="_blank">Lateral Estate</a>.
Buyers are prepared to pay a premium for a lateral apartment, designed to span the entire floorplate offering the closest replica of a freestanding house in the sky, although with absolute privacy. 
It can enable the most resilient security, with direct lift access, from the secured basement carpark, to the single-leveled residence. 
<h2>7. More Branded Residences</h2>
With rapid expansion of over 400<a href="https://content.knightfrank.com/research/1617/documents/en/global-branded-residences-2019-5874.pdf" target="_blank"> branded residences</a> globally, a growing number of developers and hotel groups are looking to capitalise on this opportunity in Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_branded%20residence.jpg" alt="">
Source: Branded Residence Report 2019/ <a href="https://content.knightfrank.com/research/1617/documents/en/global-branded-residences-2019-5874.pdf" target="_blank">Knight Frank.</a>
A branded residence is traditionally a hotel-led development with integrated or linked residences. For instance, <a href="https://iconprivateresidences.com/category/luxury-developments/four-seasons" target="_blank">Four Seasons</a>, <a href="https://iconprivateresidences.com/category/luxury-developments/aman" target="_blank">Aman</a>, <a href="https://iconprivateresidences.com/category/luxury-developments/ritz-carlton" target="_blank">Ritz-Carlton</a>, <a href="https://iconprivateresidences.com/category/luxury-developments/mandarin-oriental" target="_blank">Mandarin Oriental</a>, <a href="https://iconprivateresidences.com/category/luxury-developments/oneonly" target="_blank">One&amp;Only Resorts</a>, <a href="https://iconprivateresidences.com/category/luxury-developments/rosewood" target="_blank">Rosewood</a> and <a href="https://iconprivateresidences.com/category/luxury-developments/six-senses" target="_blank">Six Senses</a> are among the most active in the segment, others have aligned with luxury brands as diverse as Versace, Porsche and Armani.
They naturally benefit from the quality hotel brand, smooth management and luxury services. 
<h2>8. A Small World</h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/3/14_Small%20World%20Qantas.jpg" alt="">
Source: 'Qantas flew non-stop from London to Sydney in less than 20 hours'/ <a href="https://www.qantas.com/travelinsider/en/trending/london-sydney-non-stop-long-haul-qantas-flight-project-sunrise" target="_blank">Qantas</a>.
Qantas tested its new 19-hour nonstop flight from London to Sydney in late 2019. This may be operational by 2022. 
Improved connectivity has potential to reshape the second home market. This could result in an increased competition with offshore buyers, and encourage rebalancing property portfolios with Australians likely to buy more second homes abroad. 
<h2>9. Reducing space and footprint</h2>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/3_StockBreakouts/house-in-hands-july-31-brekaout.jpg" alt="">
More buyers and developers are becoming increasingly aware of the carbon footprint they leave behind for future generations. 
This was revealed in the recent research conducted by Stockland Research. It was predicted that Australians have a strong desire for more social connectivity and sustainable home features becoming standard.
Read more: <a href="/news/how-will-australians-live-over-the-next-decade-stockland-research">'How will Australians live over the next decade, Stockland Research'</a>
They are committing to better sustainability practices and design for apartment living. 
 
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Rightsizer prime luxury market trends to lookout for: Knight Frank

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Five Australian cities have been named in the top 30 best performing luxury real estate growth markets in the world by Knight Frank.
In their Prime Global Cities Index Q3 2019, Sydney, Melbourne, Brisbane, Gold Coast and Perth all made it in to the top 30 which was crowned by Moscow.
In Australia, all but Perth, who ranked 30th, recorded growth higher than the average annual prime price growth of 1.1 per cent across 45 cities globally. 
Sydney ranked 17 with gains of 2.6 per cent, jumping a place from last year. It topped the unmoved Melbourne, placed again at 21st, with two per cent growth.
Melbourne only just edged out Brisbane, ranked 22nd with two per cent.
The Gold Coast ranked 26th with 1.3 per cent gains. It was only last quarter it first appeared on the list. Perth was ranked 30th with growth of 0.7 per cent.
Knight Frank’s Head of residential research Australia Michelle Ciesielski said: “Whilst the Australian mainstream residential markets were progressively being corrected by tightened lending measures, the prime property market continued to experience positive growth given the prestige end of the market was less impacted by funding restrictions throughout this time.
“In fact, the major east coast cities of Sydney, Melbourne, Brisbane and the Gold Coast have now recorded 25 quarters, or more, of positive annual growth," she added.
“Growth in prime property prices closely follows the performance on the stock exchange – and there have been some significant gains made on the Australian sharemarket in 2019. Collectively the Australian prime market has continued to see sustainable growth of 2% in the year ending September 2019, whilst the sharemarket recorded a 7.7% return.
 With equities on an upward growth trajectory, its likely this will follow through to further growth in prime property prices.”
The Prime Global Cities Index increased by 1.1% in the year to September 2019, down from 3.4% in 2018, with slower prime price growth attributable to mounting economic headwinds. 
Knight Frank’s Head of Prestige Residential Deborah Cullen says that the top end of the market slow more consideration and time in transacting.
"There is still strong interest from local and expat buyers for blue ribbon areas and for “best in class” assets, in particular the waterfront areas of Sydney.”
 
 
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Five Australian cities in Knight Frank's top 30 for luxury residential real estate price growth

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Perth’s industrial market continues to improve with record low yields and an annual vacancy fall of almost 5%, according to Knight Frank’s latest research report. 
The found however that there is still inconsistency across locations, product styles and end-users making some market sectors tough going.
The latest Perth Industrial Market Overview shows vacancy has reduced 4.7% year on year for 2018/19, but while the news is good for suburbs like Canning Vale, Bibra Lake and Wangara, established eastern precincts like Kewdale and Welshpool are no longer enjoying the same success due to their older stock.  
Modern developments constructed by private investors in estates like Canning Vale and Bibra Lake are now mostly full and placing upwards pressure on rents for other new facilities brought to the market.  
According to Knight Frank Industrial Sales &amp; Leasing Director, Geoff Thomson, other areas showing improvement in rental rates are those with recent infill subdivisions, where the delivery of new lots led to speculatively constructed buildings. 
<a href="https://www.propertyobserver.com.au/images/2019/9/4/perth%20industrial%201.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/9/4/perth%20industrial%201.png" alt="">
He said this activity had been seen mainly in core industrial precincts, but was also having a flow on effect across other sections the market. 
“The resurgent resource sector in WA is undoubtedly leading the recovery in the industrial property market, but at this stage it is still very resource focussed,” Mr Thomson said.  
“The demand for workshops with crane capacity and hardstand continues in the eastern and southern precincts. 
“While there has been an increase in both sales and leasing activity over the last 12 months, it is very much focussed on new stock, particularly in the Wangara/Gangara, Bassendean and Canning Vale areas. 
“Speculative developments in these areas have predominantly leased in the short term and have outperformed the more established areas who are offering older style facilities.” 
<a href="https://www.propertyobserver.com.au/images/2019/9/4/perth%20industrial%202.jpg" target="_blank">Click here </a>to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/4/perth%20industrial%202.jpg" alt="">
Mr Thomson said investment demand from both local and east coast based investors had driven yields to record lows, but a lack of suitable investment opportunities meant there was relatively little sales activity.  
Knight Frank Research Analyst Nicholas Locke said vacancy data as at July 2019 revealed total available space of approximately 622,000 sqm in buildings larger than 2000 square metres. - an impressive quarterly decline of 2.9%.  
However he highlighted the volatility in the market that had seen alternating quarterly increases and decreases leading to an overall, but unsteady improvement.
<a href="https://www.propertyobserver.com.au/images/2019/9/4/perth%20industrial%203.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/4/perth%20industrial%203.jpg" alt="">
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Perth industrial market continues to improve with record low yields: Knight Frank 

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Knight Frank Australia has appointed Linda Rudd, its national head of asset management services, to join the board of directors.
 Linda will start her board responsibilities in September 2019. 
Linda has been with Knight Frank Australia for over seven years in the Asset Management Services (AMS) line of business.
She has over 15 years experience in the property industry. 
As part of a broader restructure, following the appointment of Rod Leaver as Chief Executive officer of Knight Frank Australia, it was recognised there was an opportunity to add different experience, and ways of thinking, to the Knight Frank board. 
“We are focused on building a customer centric and diverse business which takes a long-term growth view," Leaver said.
"This focus, paired with people who lead with a strong set of values, passion, mature thinking and diverse skill sets, really defines how we plan to move our business forward. Linda fits this profile and I have complete confidence she will add significant value to the board discussions. 
Linda Rudd, Partner noted Knight Frank encourages a sense of entrepreneurship amongst its employees.
"This environment, in addition to a great set of colleagues and clients, is why I am looking forward to working with the board, and making strategic, long term decisions for Knight Frank.”
Ms Rudd is a committee member for the Property Council of Australia and a Director of the Real Estate Institute of New South Wales. She joins the following Knight Frank Australia board members:
Board of Directors
Kevin Coppel                          Chair
Naseema Sparks                    Independent Director
Rod Leaver                             CEO 
Aaron McGhee                       COO/CFO 
Craig Dawson                         Head of Western Australia  Linda Rudd                             National Head of AMS
James Templeton                   Head of Victoria
 
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Knight Frank Australia appoints Linda Rudd to board

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Four Australian capital cities rank in the top 23 cities around the world for luxury residential price growth, according to the latest global research from Knight Frank.
The Knight Frank Prime Global Cities Index – Q1 2019, revealed Brisbane was ranked 14 for luxury price growth, followed by Sydney (18), Melbourne (22) and Perth (23).
Overall the index increased by 1.3% in the year to Q1 2019, its lowest average annual rate of growth since Q4 2009, and down from 1.8% in the previous quarter.
Knight Frank’s Head of Residential Research Australia Michelle Ciesielski said although it was still rising, prime global residential price growth had continued to moderate due to political and economic headwinds, the rising cost of finance and more property market regulations around the world.
“The Australian luxury market continues to perform well, with Sydney, Melbourne, Perth and Brisbane all recording growth in luxury residential prices higher than the overall average of 1.3% in the 12 months leading up to the end of March this year."
“Despite a recent cooling of the market in Sydney and Melbourne, these markets recorded yearly price growth of 2.4% and 1.8% respectively, while Brisbane recorded year-on-year growth of 3.2% and Perth recorded growth of 1.8%.”
Ms Ciesielski added, Australia’s luxury residential markets were expected to continue to perform well going forward, particularly Sydney and Melbourne, where the number of high-net-worth individuals – those with a net worth of more than US$1 million, excluding their primary residence – was expected to grow by 21% from 2018 to 2023 to reach a total of 116,049 in Sydney and 68,888 in Melbourne.
<img src="https://www.urban.com.au/images/2019/5/16/Knight%20Frank%20Wealthy%20People.JPG" alt="">
“Over the past five years four millionaires were created every day in Sydney,” she said. “This is expected to rise to 11 millionaires per day over the next five years."
“In Melbourne, we saw three millionaires created per day over the same period, with projections it will rise to seven millionaires a day over the next five years."
“Perth’s millionaire numbers are expected to double from two per day over the past five years to four per day over the next five years, while for Brisbane the figures will triple from one to three millionaires being created every day over the same timeframe," Ms Ciesielski concluded.
Knight Frank Partner &amp; Head of Residential Australia Sarah Harding said, “Not only will there be more people with more money to buy luxury residential property in Australia, but we have found the majority of buyers in the prestige market across the country are not under the same pressures experienced by those in the mainstream market of minimal wage growth and restrictions on finance from the banks.
“Sydney is continuing to see positive growth in the prestige market, with limited luxury properties suitable for high-end buyers."
“They’re looking not only for superb quality finishes, but smart technology and high levels of privacy within their luxury residences."
“With competition for limited stock, we expect to see positive price growth for luxury homes, albeit at a more sustainable pace than in previous years,” Ms Harding concluded.
European cities accounted for seven of the top 10 rankings for annual growth.
Berlin was the top ranked city, with 14.1% annual growth, while Moscow placed second with 12% growth.
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Berlin leads as Australian luxury property price growth outpaces global average: Knight Frank

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Rod Leaver has been named the new CEO of Knight Frank.
Leaver, the former CEO of Lendlease Australia and later CEO of Lendlease Asia, has been an independent real estate advisor since returning from his role in Asia in 2016.
He has been advising groups on real estate strategy, portfolio governance and urban regeneration projects.
While CEO, Leaver successfully formulated and executed a new strategy for Lendlease Asia, securing two major urban regeneration projects in Singapore and Malaysia totalling US$6 billion, and its first Senior Living development in China.
Leaver said he is delighted to be joining Knight Frank.
"The focus on delivering outstanding client service by providing the best professional advice together with developing outstanding talent accords very much with my own approach to business," Leaver said.
"As a partnership, Knight Frank encourages a sense of entrepreneurship amongst its people while also taking a long-term perspective. 
"I am very much looking forward to starting in May.”
Leaver was named CEO of Lendlease Australia in 2010 and took the top job at Lendlease Asia a year later. 
He had previously been Lendlease's global head of investment management. 
Leaver will replace outgoing chief executive Stephen Ellis who will retire from the firm in June 2019.
Knight Frank chairman and senior partner Alistair Elliott thanked Ellis for his contribution to the partnership over the past nine years.
"His energy and enthusiasm have been central to the success of the Australian business and we wish him well in his retirement.
"I would also like to welcome Rod, whose credentials are absolutely aligned with our desire to substantially grow the Australian business over the next few years.”
 
 
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Knight Frank appoint former Lendlease boss Rod Leaver as new CEO

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Sustained population and employment growth on the Gold Coast will underpin the city’s continued maturation as a service centre and business hub, which will in turn strengthen its office market, according to recent research from Knight Frank.
Tania Moore, Knight Frank Partner and Joint Head of Gold Coast, said tenant demand in the region’s office market was steadily improving following the first half of 2018 where business was interrupted by the Commonwealth Games.
“The second half of 2018 and into 2019 has seen stronger levels of tenant enquiry, and we forecast this will only get stronger as the city’s population continues to grow, along with employment growth, which is underscoring office demand,” she said.
The report found, the number of workers on the Gold Coast grew by 24% in the five years to November 2018, with the two fastest growing white collar sectors being Finance &amp; Insurance (up 58%) and Education &amp; Training (up 45%).
Moore said tenant demand in the Gold Coast’s office market had remained dominated by local businesses, but there was a growing core of larger corporates with branch or head offices located in the region, including National Disability Insurance Agency, Mantra Group (Accor) and Wyndham Vacation Resorts and Asia Pacific, creating competition between the two tenant groups for limited stock.
“With only 37,500 square metres of supply added to the Gold Coast market over the past 10 years, equating to a 9% growth in the stock base, there is a relatively small pool of modern assets which can handle the higher employee densities required for major corporate branch offices, processing centres and call centres,” Moore said. 
“This concentrates demand into these relatively few assets and can require tenants to compromise on location or efficiency.
“This disconnect between the wish lists of tenants and the available stock on the ground is likely to only widen in the coming years with limited supply anticipated.”
The Knight Frank research found supply in the Gold Coast office market remained low but pre-committed new construction was beginning to flow through with Acuity Business Park to start construction in Robina.
“The supply of new office space across the core Gold Coast precincts remained stalled during 2018 with only 2,744 square metres of refurbished space returning to the market,” said Jennelle Wilson, Knight Frank Partner, Research and Consulting.
“Supply is expected to remain small, sporadic and pre-commitment driven in the medium term.”
The Knight Frank report commented that total vacancy in the Gold Coast office market was 11.6% after hitting 12% in mid 2018, and up from the 10-year lows of 10.6% in January 2018, according to Property Council of Australia figures.
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Population and employment growth to boost Gold Coast office market: Knight Frank

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Over the next five years, Australia’s population of ultra-high net-worth individuals (UHNWI) is set to steadily rise, says a new report.
The UHNWI population is expected to rise by 20% - an extra 600 ultra-wealthy people – compared to 18% growth over the past five years, according to Knight Frank's Wealth Report.
Australian UHNWI population growth was 4% in 2018 to 3,060 UHNWIs.
New data found the number of ultra-wealthy people in Australia (those with net assets of US$30 million or more) is expected to rise by 20% over the next five years, equivalent to an extra 600 ultra-wealthy people.
According to Knight Frank’s Head of Residential Research, Australia Michelle Ciesielski: “GlobalData WealthInsight predicts the number of UHNWIs globally will rise by 22% over the next five years to 2023 – so an extra 43,000 ultra-wealthy people – taking the global number to nearly 250,000. This growth was 4% in 2018 to stand at 198,000 UHNWIs.
“Locally, UHNWIs are projected to rise by 20% over the next five years – equating to an extra 600 ultra-wealthy people living in Australia – in comparison with 12% growth over the past five years. In 2018 alone, we saw the Australian UHNW population grow by 4% to currently stand at 3,060 UHNWIs.”
<img src="https://www.urban.com.au/images/2019/3/6/KF%20Wealth.JPG" alt="">
Knight Frank’s Head of Residential, Australia Sarah Harding said: “Globally, Australia remains one of the top destinations for ultra-high-net-worth individuals. For example, we know Chinese and South-East Asian buyers continue to look at familiar global markets, such as Sydney, Melbourne, London and Hong Kong, which offer language advantages and immigration possibilities, as well as remaining outside any trade disputes.
“According to Knight Frank’s Attitude Survey, almost half of UHNWIs in Australia saw the most significant increase in wealth in 2018, with 93% of the wealth advisors surveyed reporting an improvement in their clients’ fortunes and 72% expecting their clients to increase their wealth in 2019.
“Across Australia’s major cities, GlobalData WealthInsight predicts a fairly consistent rise in ultra-wealthy populations. Sydney and Brisbane’s UHNW populations are expected to rise by 20% over the next five years, while Melbourne and Perth are forecast to rise by 21%.”
Ciesielski said: “Global wealth creation will remain constant in 2019. Although growth was good in 2018, it was not able to replicate the outstanding performance of equity markets, prime property and luxury investments a year earlier.
“There are headwinds looming with potential moderation in wealth growth, with global political and economic concerns becoming more complex. There is increased uncertainty and upheaval with all eyes on the rising trade tensions between China and the US.
“Despite this, 2019 will still see the number of millionaires (those with net assets of US$1 million or more) exceed 20 million for the first time ever. Some 6.6 million of these individuals will be based in North America, with 5.9 million in Europe and a further 5.8 million in Asia.”
According to Ciesielski, globally, the high-net-worth individual (HNWI) population is projected to rise by 19% over the next five years – equating to an extra 3.8 million millionaires – compared with growth of 13% over the past five years.
“This growth was 3% in 2018 to record 19.9 million HNWIs globally,” said Ciesielski.
“In Australia, the HNW population is projected to rise by 18% over the next five years – equating to an extra 60,000 millionaires – compared with growth of 9% over the past five years. In 2018, we saw growth of 3% to register a total 330,000 HNWIs.
“There will be challenges over the coming year, but we’re also going to see opportunities for private individuals and corporations to create wealth by delivering a wide range of public goods – most prevalent in countries without clear political leadership.”
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