Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Lowe Living

Design-led developer Lowe Living has announced the sales launch of their latest development, <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> in <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>.

Alongside joint venture and development partner ICON Developments, a wholly owned subsidiary of Japanese property giant Kajima Corporation, the $160 million mixed-use project located at <a href="/new-apartments/emerald-place-by-lowe-living">182-200 Clarendon Street in South Melbourne</a> will deliver 1,500 sqm of ground-floor retail, 12 premium commercial tenancies over two levels and six levels of 36 apartments.

Following a <a href="/news/vic/lowe-living-secure-quick-approval-for-160-million-south-melbourne-development">fast-tracked planning permit within four months</a>, the two groups continue to remain focused on delivering a market-leading design, leading build quality and a high-quality end product.

[smartcode_project:default project_id=135816 project_image_fid=231196]

Promising to deliver a significant addition to the area's vibrant urban landscape, the project’s design partners include architect, Woods Bagot and landscape architect Acre.

The design vision for <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> embraces the rich architectural history of the <a href="/developments/south-melbourne-vic-3205">surrounding late 19th and early 20th-century buildings</a>. Woods Bagot's innovative approach incorporates polychromatic brickwork and scale, that harmoniously blends with the site context. Acre has complemented the architecture to deliver a lush, verdant botanic setting in vertical landscapes, ensuring a seamless connection with nature.

Ana Sá, Associate Principal at Woods Bagot highlights, says&nbsp;<a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> represents a prominent corner statement and a contemporary interpretation of Victorian charm that sits sympathetically within its South Melbourne context.

“Drawing inspiration from the ubiquitous corner pubs, the design principles of detailed brickwork and a strong vertical grid have informed the project's narrative. The polychromatic brickwork references the local 19th-century palette in a uniquely contemporary expression for a timeless architecture that is truly of its place.”

[smartcode_project:default project_id=135816 project_image_fid=231203]

The residential offering includes a collection of two and three-bedroom apartments, as well as a limited number of three and four-bedroom Skyhomes, coming to market soon. Lowe Living has received a high-level of interest in the project off-market and is currently working with waitlisted clients.

The two-bedroom apartments on offer have internal areas between 111 sqm to 132 sqm are priced from $1.55 million, while the three-bedroom apartments, spanning between 135 sqm to 268 sqm, start from $1.99 million.

The Skyhomes will comprise of four expansive apartments positioned at the top of the building on levels seven and eight, with internal areas ranging from 268 to 391 sqm. These apartments also offer bay or city views with triple-aspect outlooks, with pools to select apartments.

High-quality finishes and appliances feature throughout the apartments, with natural stones, porcelain tiles, engineered timber flooring, wool carpets, premium fixtures, as well as Gaggenau and Liebherr appliances.

[smartcode_project:default project_id=135816 project_image_fid=231200]

<a href="/developers/lowe-living">Lowe Living</a> is targeting a minimum 7-Star NatHERs rating in operation. The commercial offering comprises 12 premium strata office tenancies which are also available for sale. Two have already been snapped up. The adjacent three-level car park is currently on the title to service the car parking needs of the office and retail tenancies.

Drawing on their expertise in the boutique luxury development space, Lowe Living aimed to draw on this to deliver a premium offering whilst retaining a distinct customer focus on luxury owner-occupier.

<a href="/developers/lowe-living">Lowe Living</a> Founder and Managing Director Tim Lowe says the team are&nbsp;very excited to bring this unique project to market.

"No detail has been spared in <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a>, and it truly embodies our commitment to excellence and innovation," Lowe said.

[smartcode_project:default project_id=135816 project_image_fid=231201]

"We were astutely focused on the luxury owner occupier, therefore we wanted to ensure the design responded to both the expectations of this buyer, as well as the desired lifestyle with local amenity on your doorstep.

"We worked closely with Woods Bagot to ensure the floorplans offered a variety of considered layouts to suit the unique needs of our buyers with expansive and thoughtfully landscaped private outdoor spaces by Acre. Arriving home to <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> is an opportunity for our buyers to escape the urban atmosphere of South Melbourne and step inside a verdant, tranquil and luxurious haven.”

ICON Developments is expected to start construction early next year, with a build time of around 20 months meaning completion will fall around mid to late 2025.

[smartcode_project_cta:default project_id=135816]

Design-led developer Lowe Living has announced the sales launch of their latest development, Emerald Place in South Melbourne

Lowe Living launch Emerald Place, South Melbourne apartments

Prominent Bayside developer Lowe Living expanded their predominantly Bayside footprint when they started developing Larnook <a href="/developments/armadale-vic-3143">Armadale</a>, bringing their expertise of developing large apartments to owner-occupiers a little <a href="/developments/melbourne-vic">closer to the city</a>.

Collaborating with renowned architectural firm Warren and Mahoney, Larnook presents an exclusive collection of just 11 two and three-bedroom residences, including one grand penthouse, with the homes surrounded by verdant greenery by landscape architects Eckersley Garden Architecture.&nbsp;

The <a href="/developments/armadale-vic-3143">history of the area</a>, with its subdivided Victorian mansions and meticulously planned streets, serves as a catalyst for reimagining traditional aesthetics in a modern framework.

[smartcode_project:default project_id=106276 project_image_fid=169739]

Situated on the corner of Larnook Street and Orrong Road, Larnook <a href="/developments/armadale-vic-3143">Armadale</a> draws inspiration from the <a href="/developments/armadale-vic-3143">area's rich heritage</a>, paying homage to the grandeur and botanical beauty established by the historic Larnook Mansion in the 1800s.

The design philosophy of the building focuses on openness while maintaining privacy and filtering natural light into every apartment.&nbsp;With passive ventilation, a thoughtful material palette, and ample natural light, each residence becomes an anchor within the streetscape. The generous wrap-around balconies and terraces establish a physical connection between the apartments and the serene tree-lined neighbourhood.

Through a combination of materials, screening elements, planters, and well-established street trees, Larnook Armadale achieves a harmonious balance between transparency and seclusion.

Eckersley Garden Architecture has worked its magic by incorporating verdant planters and gardens that seamlessly blend with the existing tree canopies, creating a captivating interplay of light and shade, while floor-to-ceiling windows and doors dissolve the boundaries between indoor and outdoor spaces.

[smartcode_project:default project_id=106276 project_image_fid=169742]

The kitchens feature a suite of integrated Gaggenau and Liebherr appliances, natural stone benchtops, brushed nickel tapware, and stone-clad sculptural island benches, while the bathrooms boast floating marble-topped vanities, complemented by porcelain tiling surrounds and floors.

The feature tiling in the bathrooms reflects the allure of handmade effect tiles, while brushed nickel cylindrical tapware and fixtures add a final touch of refinement to the spaces. Select residences even include a feature bath, as well as heated towel rails in the master ensuites.

Remaining apartments start from 143 sqm of internal space and range in size up to the 436 sqm penthouse.&nbsp;

[smartcode_project_cta:default project_id=106276]

Collaborating with renowned architectural firm Warren & Mahoney, Larnook presents an exclusive collection of just 11 two and three-bedroom residences

alisonwarters@gmail.com

Lowe Living's Larnook Armadale delivers fusion of tradition and contemporary sophistication

Design-led developer Lowe Living has partnered with established property developer and financer ICON Kajima to deliver its $160 million mixed-use project in South Melbourne which has received a fast-tracked planning permit after just four months.

The announcement comes after Lowe Living first acquired the site at 200 Clarendon Street and achieved the fast-tracked planning permit, which motivated Lowe Living to bring on a trusted joint venture partner in the form of ICON Kajima to accelerate the project’s construction timeframe.

The swift approval was a result of Lowe Living’s intrinsic focus on market-leading design, architectural expression – led by architect Woods Bagot – and functional built-form which gave the City of Port Phillip confidence in greenlighting the notice of decision (NoD).

The appointment of Woods Bagot as architect also gave council confidence in granting the approval – the practice worked in lockstep with Lowe Living to control design outcomes and create a carefully considered architectural product.

The project will consist of a 2,000 sqm two-level commercial office building with an adjacent 500 sqm car park alongside 1,000 sqm of ground-floor retail, and 36 apartments which range from 110 sqm – 390 sqm across two, three and four-bedroom offerings. The building will be targeting a minimum 7-Star NatHERs rating in operation.

The official sales launch for the $160m project is scheduled to commence in Q3 2023, with construction commencement in Q4. The build is expected to take 18 months.

<img alt="Lowe South Melbourne" data-entity-type="file" data-entity-uuid="a48ec8cb-7cef-4450-9457-83df559bc03f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lowe%20Toorak.jpg?VersionId=I2YJahPz12WipOrzdURpk5gmlboV5v1A" />

Poised to be a leading precinct on the corner of Clarendon Street and York Street, on the edge of the Melbourne CBD, the two groups are focused on delivering functionality, enduring design and trust, alongside luxurious finishes, high-quality end product and leading build quality. As Lowe Living continues to expand its portfolio of larger-scale mixed-use developments across residential, commercial and retail, adding to its already established stable of high-end boutique projects in Melbourne’s bayside suburbs, the South Melbourne joint venture partnership represents the next evolution in the Lowe Living portfolio, said founder and managing director Tim Lowe.

“We feel very confident in South Melbourne’s owner-occupier market, and believe strongly that Lowe Living’s focus on luxury boutique projects across design and quality product will translate to a larger mixed-use precinct," Lowe said.

“The fundamental reason for the joint venture partnership is ICON Kajima’s experience in delivering exceptional projects of comparable size and scale.

“Our aim is to continue to acquire and bring to market 1 – 2 of these larger scale projects per annum; this partnership with ICON Kajima allows us to fast-track this objective for this South Melbourne project while maintaining our current pipeline activity across our boutique division.

<img alt="Lowe South Melbourne" data-entity-type="file" data-entity-uuid="25328225-28a8-4b1a-8ea1-60fab45ff5b2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-27%20at%203.33.09%20pm.png?VersionId=JDhDYuZpl7pfk32AjOUY5eWem5uRLhmA" />

“We worked closely with both Woods Bagot and the City of Port Phillip to achieve the permit in under 4 months. The approval means we are now ready to hit the ground running on this major site."

Lowe said the team are actively pursuing further acquisitions across Melbourne.

ICON Kajima Chief Executive Officer Matthew Bourke said they are looking forward to working on delivering&nbsp;a market-leading project to one of Melbourne’s most sought-after commercial areas.

“Icon Kajima is pleased to partner with Lowe Living for what is set to be one of the most exciting built-form precincts in South Melbourne – as has been recognised by the City of Port Phillip.

"The strength of our multi-faceted business model positions us well to deliver quality and scalable mixed-use projects with a structured finance solution. With our proven track record and Kajima Corporations' balance sheet capacity, this will allow the joint venture to realise innovative outcomes and play a significant role in shaping the built environment of Clarendon and York Streets, South Melbourne.”

ICON Kajima has a $1 billion project portfolio of residential, commercial and mixed-use sites across Australia and NZ.

The official sales launch for the $160m project is scheduled to commence in Q3 2023, with construction commencement in Q4



Lowe Living secure quick approval for $160 million South Melbourne development

Design-led developer and builder Lowe Living has launched Oceano, an exclusive collection of luxury apartments in the sought-after bayside suburb of Hampton.

It's the prominent developers second multi-residential project with interiors designed by Australian media personality Bec Judd.

Located on the leafy Ocean Street in Hampton – close to the gourmet and boutique luxuries of Hampton’s main precinct and the coastal charm of Hampton Beach – Oceano comprises nine contemporary residences, including two luxury penthouses.

Over 40 per cent of the apartments have already sold through Lowe Living's database, a total of $8.5 million in sales.

Both the penthouses were snapped up, as well as two lower level apartments. Only five apartments remain, and start from $1.63 million.

Lowe Living's Emma Lowe, owner and managing director of the company, says&nbsp;Lowe Living is passionate about delivering iconic and timeless spaces, and Oceano is another example of how they are offering uncompromising luxury, coastal charm and modern comfort in one of Melbourne’s most aspirational suburbs.

Lowe pointed to the expertise of Bec Judd and the ease of working collaboratively with Judd and the project team noting that a shared vision and passion led to the delivery of a conscious, contemporary development that has been well-received by the exclusive database release ahead of the official launch.

[smartcode_project:default project_id=138593 project_image_fid=210190]

“We’ve experienced an outstanding response off-market and it’s a testament to Bec’s talent and the Lowe Living brand," Lowe says.

"To have sold 40 per cent of Oceano, including the two penthouses, before officially launching is something that we’re really proud of, and is reflective of the calibre of work and dedication the entire team has put into this project."

The collaboration marks the second time Lowe has had Judd handle the interiors, following the successful debut project Sera Brighton.

“It has been a pleasure to work with Bec once again to bring Oceano to life," Lowe added.

“Bec’s natural design ability and unique, considered style has resulted in interiors that are effortlessly sophisticated yet welcoming, perfectly achieving our design vision."

<img alt="Bec Judd" data-entity-type="file" data-entity-uuid="06df7ac1-bd7f-496f-81d8-6d9ff08af996" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%209.14.13%20am.png?VersionId=VQ.UsRZLFIGCPTYcJHBZiZKP_QmjWuJx" /> 
Bec Judd sitting alongside Emma and Tim Lowe. Image supplied

Architecturally designed by boutique practice ADDARC, the exteriors of Oceano will balance statement brickwork with bold graphite sunscreens and stucco rendering, creating a contemporary, refined, and timeless project in which each individual residence has been created and considered as an individual dwelling.

Landscape architect Florian Wild has been engaged to bring the landscaping to life, establishing an experiential, evocative sanctuary that will complement the striking built form and respond to the distinguished bayside locality.

Judd says she wanted to blend sophisticated form and coastal sensibility for the interiors of Oceano, complementing the impressive external façade and creating richly textured, inviting interiors that instantly felt like a home.

“The intention was for Oceano’s interiors to beautifully juxtapose the bold exterior with a soft aesthetic that feels luxurious, cosy and sophisticated. I wanted to establish a design narrative that felt unique to this address,” Judd said.

Judd chose a natural stone benchtop to present the heart of the home, the kitchen, complemented by timber flooring and beautifully contrasted against striking gunmetal fixtures for a bold edge.

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Handcrafted ceramic feature tiles frame a suite of high-end Miele appliances – a level of luxury surpassed only by the fully-integrated fridge cloaked in an unassuming French door, while the juxtaposition of V-groove 2PAC panelling against metal finishes creates a striking level of sophistication that invites elegant personalisation.

“The gravitas of the kitchen flows effortlessly through to a living space, creating a functional yet aesthetic interior environment that radiates with a refined vitality.

Luxury furnishings are accompanied by customisable joinery, blending beauty with practicality, and allowing residents to personalise Oceano into their true dream home.

“The project departs from a typical beachside aesthetic with earthy finishes and an industrial inspired façade, while the interiors are led by a warm, inviting interior palette that is responsive to the soft natural surrounds of the gardens and landscaping,” Judd said.

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Over 40 per cent of the apartments have already sold through Lowe Living's database, a total of $8.5 million in sales

Lowe Living launch luxury Hampton apartments Oceano, with Bec Judd interiors

The design-driven Melbourne developer and builder Lowe Living has made a play for its largest project to date, submitting plans for a $160 million mixed-use development in the heart of South Melbourne.

Lowe Living, led by its founder Tim Lowe, will turn a two-level office building on the corner of&nbsp;Clarendon and York Streets into a mixed-use precinct with 1,000 sqm of ground floor retail, two levels of office space, and six levels of luxury apartments.

The adjoining three-level car park on Ross Place will be retained for parking for the retail and office components of the project.

Woods Bagot has put together the plans for the project, with the designs resembling a tiered horseshoe which will allow natural light to penetrate through an eight-level void into each commercial tenancy and residential level.

The horseshoe design has also allowed for the creation of numerous dual-fronted apartments with expansive terraces. There are 36 apartments in total, two, three and four-bedroom configurations ranging in size from 110 sqm to 390 sqm.

Woods Bagot have proposed polychromatic brickwork and repetition of rhythm, scale and proportion so the building was in keeping with the surrounding late 19th and early 20th century architecture in South Melbourne.

Landscape architects Acre have been engaged to create a verdant botanic setting in both the soaring void and vertical landscapes.

The existing car parking bays on title mean Lowe Living can position the retail and commercial parking off-site and deliver a minimum of two car parks per apartment via the on-site basement, complete with private lockable garages that include electric car charging provision. The building will be targeting a minimum 7-Star NatHERs rating in operation.

Tim Lowe said the latest acquisition represented the next evolution of the business, drawing on its expertise in the boutique development space to leverage more larger-scale residential and mixed-use projects, while retaining a distinct customer focus on luxury owner-occupiers.

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“Fundamentally our core philosophy hasn’t changed. We are astutely focused on the luxury owner occupier and downsizer market and have a very specific buyer in mind," Lowe said.

"By seeking out larger sites in locations like South Melbourne, we can apply this knowledge on a grander scale to projects that have scope for more height and mixed-use applications.

“This allows us to create larger apartments that are still boutique in terms of volume, just with larger floorplates and more amenity to conceptualise. We always have, and will continue to prioritise luxury, and will be targeting $1.4m - $9.5m price points within this South Melbourne project.

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“This site in particular, appealed to us because of the demand for luxury commercial in city outskirts like South Melbourne, in particular the distinct lack of super high-end luxury apartment stock in the South Melbourne Market precinct.

“This really was a rare opportunity to find such a large development site in South Melbourne; there really aren’t many remaining undeveloped sites of this scale, if at all.

“We will always retain a focus on the Bayside market but we are keen to support this with a portfolio of larger sites. We are actively targeting more acquisitions and ideally want to be developing one to two larger mixed-use projects per annum."

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Plans were submitted to council in August and are now pending permit approval.

Lowe Loving has a $450m pipeline of luxury residential and mixed-use sites located inand around Melbourne’s Bayside, purchased the site via an on-market campaign earlier this year.

Lowe Living will turn a two-level office building on the corner of Clarendon and York Streets into a mixed-use precinct with ground floor retail, two levels of office space, and six levels of luxury apartments.

Lowe Living file $160 million mixed-use, South Melbourne development plans

Design-led developer and builder Lowe Living has announced a unique partnership with Australian personality, TV presenter and brand ambassador, Bec Judd, to collaborate on the design of two of the developer’s upcoming Bayside projects.

Judd has been appointed to collaborate on the design of both the final release of Lowe's Sera project in Brighton, launching to the market later this year with residents ready to move in mid-2023, and another project in Ocean Street, Hampton, that will launch in early 2023.

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Working closely with Lowe Living’s internal team of interior designers and architects, Judd’s signature style will inform the two collections, delivering bespoke and contemporary residences to Melbourne’s affluent Bayside.

The Lowe Living collaboration represents Judd's first foray into multi-residential design following four successful series of The Style School and the renovation of a number of bespoke residential homes, including her forever home in Brighton and her private ski chalet in Mount Buller.

While designs for both Sera and Ocean Street are currently being finalised, Judd said each project would have its own distinct character, yet still be driven by timeless materiality.

“I’m extremely excited to be partnering with Lowe Living on two Bayside projects," Judd said.

"Both the Sera and Ocean Street developments reflect my personal interior design aesthetic with a focus on luxury and unique detailing to really elevate them in terms of sophistication and individuality."

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Led by co-owners and Managing Directors, Tim and Emma Lowe, Lowe Living has been quietly building a half-a-billion-dollar pipeline since 2015, with a focus on luxury medium-density residential apartments and townhomes in Melbourne’s most aspirational suburbs.

Lowe said both him and his co-founder wife Emma share a passion for bespoke design and materiality along with Bec Judd, making the collaboration a natural fit for both parties.

<img alt="Lowe Judd" data-entity-type="file" data-entity-uuid="3e5b8383-93aa-4b6c-b368-8d6ed1f616c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-07%20at%209.19.57%20am.png?VersionId=TSiZZanU3DSW9x2e6evFGTeHVOeZAHTh" /> 
Tim Lowe, left, Bec Judd, centre, and Emma Lowe, right. Image supplied

“Everything that we do, every design decision we make, is driven by the pursuit of absolute luxury,” Tim Lowe said.

“Our reputation has been forged on creating homes with an uncompromising dedication to luxury and design that are elevated beyond the norm.

“Our partnership with Bec Judd is the next evolution of this commitment to unparalleled quality and attention to detail. Through Bec’s impeccable style and eye for interior design, we are bringing these two collections to life through a fresh lens, ensuring we continue to innovate and deliver homes that are at the forefront of luxury in Australia."

Judd has been appointed to collaborate on the design of both the final release of Lowe's Sera project in Brighton and another project in Ocean Street, Hampton



Lowe Living partner with Bec Judd for interior designs on upcoming Bayside apartment projects

The owner-occupier-focused Melbourne developer, Lowe Living, have concentrated on a specialist market since they started developing back in 2015.

While the term &quot;prominent Bayside developer&quot;&nbsp;is banded around&nbsp;(which they certainly are), my recent chat with Lowe Living Founder and Managing Director, Tim Lowe, showed the builder developer&nbsp;to be much more than that.

&quot;Really we operate anywhere in what I would call the Bayside corridor,&quot; Lowe told Urban.

Lowe Living have previously&nbsp;had successful developments as far south as&nbsp;Chelsea, in the City of Kingston area on the coast, running right through to Elwood in Port Phillip to the north of the Bayside area.

&quot;We know our demographic is downsizers who are seeking a lifestyle upgrade. We know the Bayside corridor&nbsp;can offer that,&quot; Lowe added.

Construction recently commenced at Lowe&#39;s Sera Brighton development, a project of just 13 apartments by architecture firm Warren &amp; Mahoney&nbsp;in the heart of Dendy Village.

And Lowe Living&#39;s most recent Bayside launch saw them secure over 50 per cent of sales at Hampton Hill, which Tim says wasn&#39;t a surprise.

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&quot;We knew we had the right location, and the offering was different to what else was being offered in Hampton,&quot; Lowe said, adding that there was plenty of demand for premium stock in the small suburb.

&quot;We were also excited for our first collaboration with Woods Bagot, a brand which would underpin the strength of the product,&quot; Lowe added.

It was all about timing and experience for Lowe Living, with the structured phases of pre-launch campaigns and the launch timed to perfection.

&quot;Most people are starting to digest the market again after January and in to Feb, so we knew we&#39;d see traction toward the end of February and in to March.&quot;

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It bodes well for Lowe Living&#39;s next project, just a few hundred metres around the corner.

&quot;The Ocean Street development will be more of a residential offering, more appealing to those who don&#39;t want to live right amongst Hampton Street, or want a pet with a ground floor and some yard,&quot; Lowe said.

Targeting the downsizer more so than the rightsizer, the Ocean Street project will have just 10 apartments.

&quot;It&#39;s really cool in that it offers the convenience of being right on the fringe of the activity centre, while having the added benefits of being on a quiet street&nbsp;just one block down from the beach.&quot;

Tim Lowe said however because they know their demographic, they know they can dip in to other markets than the Bayside corridor.

&quot;Putting good quality apartment living in good location along the Bayside corridor has been successful for us, but our capability and strength can see us developer outside of Bayside.&quot;

&quot;We are confident in the revenue and location, and confident we have a great following and a great pool of clientelle which is will allow us to branch further in to some city pockets,&quot;&nbsp;Lowe added.

The team is soon to start construction on&nbsp;Larnook, another boutique project of just 11 apartments&nbsp;in the inner Melbourne suburb of Armadale. Lowe are set to commence construction of the&nbsp;Warren &amp; Mahoney-designed building in the new few months.

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&quot;We&#39;re definitely looking at a few plays on projects closer to the city,&quot; Lowe said.

Following Ocean Street in Hampton, Lowe will be looking to develop again in Parkdale, another coastal spot south of the Bayside area.

They&#39;ve recently submitted plans for 30 apartments on Como Parade East, not far from their successful Topaz which has sold out all of its 22 apartments, and three of its four townhouses.

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Lowe are in a secure position moving forward in to 2022, a year which has already been problematic for a number of developers.

They have their own&nbsp;construction arm, Lowe Create, which builds their developments.

&quot;We&#39;ve certainly seen first hand the changing in costs of materials and labour, however we&#39;re a little more protected as a builder developer than maybe a traditional developer who has to negotiate fiercely with construction companies,&quot; Lowe added.

&quot;It also gives buyers security knowing that the developer is also building the project, which means we control the whole process from start to finish. Having our own construction company means we can deliver on the promises we make to off the plan buyers surrounding the quality of the built form.&quot;

An important principle which Lowe Living keenly follow is to be respectful to the local community when looking to develop new projects.

&quot;We know a lot of our buyers come out of the local community they are the ones impacted first hand by development, so it&#39;s important for us to listen to community feedback when putting forward plans for a new project.&quot;

Lowe Living recently secured over 50 per cent of sales at their recently launched Bayside project, Hampton Hill, which Lowe says wasn't a surprise.



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