Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<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/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Melbourne

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The Campbellfield Plaza shopping centre in Melbourne’s northern suburbs will be offered for sale via an Expression of Interest campaign handled by JLL’s Simon Rooney, Stuart Taylor and Tom Noonan.
The Campbellfield Plaza is only 14km from Melbournes's CBD and was first built in 1983 before being redeveloped in 2004.
The 18,000 sqm shopping centre is anchored by Coles, Kmart, Aldi and Officeworks.
The centre is added to by 19 mainly non-discretionary specialty stores and a Kmart Tyre &amp; Auto.
Positioned on Hume Highway and Mahoneys Road.
The centre provides a total land area of 5.863 hectares, coupled with a WALE of approximately 8.87 years (by area) and Net Income of approximately $4.6 million p.a.
The Campbellfield Plaza offering is provides the only 24 hour Kmart in the northern suburbs of Melbourne, in addition to primarily food &amp; grocery based tenants and 822 car parking for customers.
Head of Retail Investments, Australasia Simon Rooney added “Small sub-regional shopping centres which are largely food, service and convenience-based remain highly sought after given the limited reliance on discretionary sales”.
“Campbellfield Plaza is also unique in that it offers a higher than average majors to specialty ratio when compared to sub-regionals that have come to market in recent years.” 
"We have seen $644.0 million transact in the year to date including the recent JLL sale of Sturt Mall to SCA for $73 m, Gateway Plaza Leopold to Charter Hall for $117.0 m, Toormina Gardens to Fort Street Real Estate Capital Fund III for $83.3 m, Grand Plaza Shopping Centre (50%) to Invesco Real Estate for $215.0 m, Brandon Park Shopping Centre to Newmark Capital for $135.0 m,” he noted.
Unlisted funds and offshore investors have driven acquisitions in the retail sector since 2013, having jointly accounted for 65% of activity.
Unlisted funds have acquired $4.1 billion of sub-regional assets since the surge in activity began five years ago, followed by offshore investors at $2.5 billion and REITs at $1.7 billion over the same period.”
He suggested that, “Victoria in particular, provides sound investment fundamentals with the economy underpinned by broad-based growth driven by strong growth in household consumption, tourism, infrastructure spending and business investment.”
Mr Rooney concluded by stating, "we’re expecting strong interest in Campbellfield Plaza due to its metropolitan Melbourne location only 14km from the Melbourne CBD, and strong investment fundamentals”
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j.ballantyne1990-6AQqhLzZaK

Campbellfield Plaza shopping centre offered by JLL

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Properties in Melbourne’s south-west are being snapped up much faster than the same time last year, new data shows.
The latest Real Estate Institute of Victoria (REIV) report showed properties in Williams Landing sold 41 days faster this August (64 compared with 105 in 2017), while properties in the neighbouring suburb of Seabrook were on the market for 35 fewer days (down to 49 from 84).
Point Cook listings sold 19 days quicker (52 compared to 71) and the days on market for Altona shrunk 16 days down to just 32 from 48.
REIV President Richard Simpson said there is a clear trend in this region of Melbourne.
“Melbourne’s south west is becoming increasingly popular with buyers, especially young families, who are attracted by access to public transport, proximity to the CBD, plenty of green open space, shopping centres and community facilities,” Simpson said.
Tithe median house price for Point Cook and Williams Landing are both below the $840,000 median house price for metropolitan Melbourne and below the $750,000 cut off for first home buyer incentives.
The median in Point Cook increased 13.4% in the 12 months to 30 June 2018 to $706,000 while Williams Landing’s median went up by 10.6% to $685,000.
Days on market increased four days from 32 days in August 2017 to 36 days in August 2018 for metropolitan Melbourne but decreased four days, from 47 to 43, for regional Victoria.
The South Gippsland town of Lang Lang had the most significant shrinkage of days on market between August 2017 and August 2018, losing 63 days from 82 to 19.
Other strong performers were Skye, Narre Warren South, Doreen, Cranbourne East and Cranbourne West where properties lasted just 20 days on market, Simpson said.
“Private property listings do not last long in the Yarra Valley with the REIV’s Days on Market data showing that homes are snapped up within 10 days in Millgrove, 13 days in Upwey, 14 days in Woori Yallock, 15 days in Yarra Junction and Launching Place and 17 days in Warburton."
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Time on market shrinking in Melbourne's south-west: REIV

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The Planning Minister has approved an amendment to the Flinders Bank development to be located on the site of the former Convention Centre, which will pave the way for a St Regis Hotel and apartments to be built on site.

<a href="/news/century-group-lands-australias-first-st-regis-at-flinders-bank">In August Urban.com.au revealed that St Regis</a> had been signed on as the hotel brand and operator for the three tower development. The recent planning approval by the Planning Minister involved reducing the total number of private apartments down to 700. The original permit for the site allowed for 1060 dwellings.

A condition of the approval involved Century Group Aus committing to providing 20 units of affordable housing that will be rentals and priced 50% below the market rate.

Under an agreement with the developer the affordable housing units will be provided 'for the life of the building'. <a href="https://www.afr.com/real-estate/affordable-housing-helps-get-green-light-for-800m-project-20180921-h15p3r">According to the AFR</a>, it is expected the units would be"sold down to private investors for a lower capital value".

This is the first instance where amendments to the Planning and Environment Act undertaken earlier in 2018, have allowed developers and councils to enter into agreements to provide affordable housing within new developments.

The approved amendment to the Flinders Bank development application will also see a public plaza created as well as new pedestrian crossings on Sidderley Street.

Early stages of the development are currently accepting registrations with Colliers running point over the development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/the-st-melb_0.jpg" rel="gallery-all" title="St Regis at Flinders Bank"><img alt="" class="image-article-full-width-580px" height="493" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/the-st-melb_0.jpg?itok=63YLoXck" title="St Regis at Flinders Bank" width="580"></a>

<figcaption>St Regis at Flinders Bank</figcaption></figure>As we revealed back in August, St Regis is one of the latest high-end hotel brands that have been secured in Melbourne. The St Regis brand, after the acquisition of the Starwood group, is now owned by Marriott International.

The mammoth Marriott International group includes other hotel brands like JW Marriott, Ritz-Carlton, W, Westin, Sheraton, Le Meridien and Aloft.

Ritz-Carlton is set to open at <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> on the former site of The Age on Spencer Street. W has signed on for <a href="/buildings/collins-arch-447-collins-street-melbourne">Collins Arch</a> ('The Pantscraper'), Aloft is signed on to <a href="/new-apartments/402-416-chapel-street-south-yarra">402 Chapel Street</a> in South Yarra.

The Westin is located behind city square, next to the site of the Town Hall Station site, Sheraton is now located in a new building in Little Collins Street and Le Meridien used to be the brand name for the InterContinental next to Rialto.
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Alastair Taylor

Flinders Bank planning amendment to include 20 affordable housing units

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The Melbourne home of jockey James Winks and wife Laura went under offer before its recent scheduled auction.
The Aberfeldie California bungalow, north-west of Melbourne, cost the couple $1,205,000 in 2010. They renovated the kitchen and both bathrooms.
The four bedroom home with solar heated swimming pool had become to small for their growing family. They have three kids.
It came with a guide of $1.8 million to $1.98 million through Nelson Alexander agent Andrew Johnston.
They're set to stay in the area. Winks says it convenient, being a short walk to Flemington Racecourse and not far from Moonee Valley Racecourse.
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Jockey James Winks' Aberfeldie home under offer

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The Naomi Milgrom Foundation has unveiled highlights of the MPavilion 2018 program which comprises over 400 free events, over the course of its four-month duration.

Opening to the public from 9 October 2018, and running through to 3 February 2019, MPavilion 2018 has been designed by renowned Barcelona-based architect Carme Pinós of Estudio Carme Pinós.

The 2018 program has been curated to respond to the ethos of Carme Pinós, focusing on design and building communities, fostering inclusivity, women in leadership and the architecture of education.

The first event on MPavilion's 2018 calendar will be held on Tuesday 9th of October at 12:15pm coinciding with the official launch. Carme Pinós will join a panel discussion curated by Melbourne Festival titled ‘The land on which we stand’ exploring the idea of country, levels of meaning, occupation and use of land.

The program will take the form of MTalks, MMeets, MMusic, MRelay, MProjects and MKids and will feature talks, dance, performance, kids workshops and installations.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/ecp_mpa_imagen_1.2.jpg" rel="gallery-all" title="MPavilion 2018. Image: Estudio Carme Pinós"><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ecp_mpa_imagen_1.2.jpg?itok=Cl-7zJZH" title="MPavilion 2018. Image: Estudio Carme Pinós" width="580"></a>

<figcaption>MPavilion 2018. Image: Estudio Carme Pinós</figcaption></figure>MPavilion's 2018 program features over 500 collaborators, including international guests such as London’s former director of Tate art museums Sir Nicholas Serota CH, Hyphen-Labs NY, an international collective of women of colour working at the intersection of art, technology, science and design, and the UK’s Fixperts—a global community of social designers and makers.

Local collaborators include Melbourne Festival, Indigenous architecture forum BLAKitecture, Bakehouse Studios, Chunky Move, Science Gallery, RMIT, State Library Victoria, Multicultural Arts Victoria, Melbourne Music Week, Melbourne Theatre Company, Liquid Architecture and Community Hubs Australia.

In an MPavilion-first, 2018 will also see inaugural Writer in Residence Maddee Clark, and Artist in Residence, local artist Esther Stewart.

For more info and the full MPavilion 2018 program, click <a href="http://mpavilion.org/program/">here</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/wmt24577.jpg" rel="gallery-all" title="Carme Pinós. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/wmt24577.jpg?itok=dYmrGUdH" title="Carme Pinós. Image: Supplied" width="580"></a>

<figcaption>Carme Pinós. Image: Supplied</figcaption></figure><h2>What they say...</h2>

<blockquote>
The Victorian Government has been a proud partner of MPavilion since it was founded in 2014. This year's ambitious program showcases the important role design plays in our community. MPavilion engages audiences of all ages making an 
active contribution to Melbourne’s cultural and social life and to our reputation as the Creative State.

We are proud to support MPavilion and look forward to another exceptional program of educational, inspirational and innovative ideas.

- Martin Foley, Minister for Creative Industries
</blockquote>

 

<blockquote>
Carme Pinós is a major influence on global architecture, creating spaces that place human experience and environment at the centre of her designs. Inspired by Carme’s design and philosophy, our program engages the city in vital conversations about what it means to be inclusive and community focused.

I’m excited to present this year’s events—they explore the social impact of design yet create enjoyable access for all ages.

- Naomi Milgrom AO, founder of the Naomi Milgrom Foundation 
</blockquote>
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Laurence Dragomir

MPavilion 2018 program released 

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Over the June 2018 quarter, resales of Melbourne properties generated $4.299 billion worth of profits and $37.1 million in losses, according to the latest CoreLogic Pain and Gain report.
The figures in the report indicated that Melbourne generated 27.4% of total resale profits nationally over the quarter as well as producing 7.9% of total resales losses.
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20MELB%201.JPG" alt="">
Over the quarter, there were no resales at a loss in a number of council regions; Frankston, Mitchell and Murrindindi.
The council regions with the highest proportion of resales at a loss were Melbourne, Stonnington and Moonee Valley.
With dwelling values continuing to fall throughout the city, the share of houses and units resold for a loss rose over the quarter.
<a href="https://www.propertyobserver.com.au/images/2018/9/18/CL%20PG%20MELB%202.JPG" target="_blank">Click here to enlarge</a>
<img src="https://www.urban.com.au/images/2018/9/18/CL%20PG%20MELB%202.JPG" alt="">
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Melbourne, Stonnington and Moonee Valley regions see the highest resales at a loss: CoreLogic

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<h2>Comment</h2>

If the voting public are to take the Andrews Government's <a href="/news/victorian-government-unveils-suburban-rail-loop-election-proposal">Suburban Rail Loop</a> proposal on face value, over time, Melbourne will have a train line from Cheltenham to Werribee via the north-east and Melbourne Airport.

But will it be a 'single' train line - for example, the same service, no matter which part of the new rail line you are traveling on? 

Business case development currently underway for the Melbourne Airport Rail Link (MARL) and - should the Andrews Government be re-elected - the Suburban Rail Loop, will determine that outcome however, there may be some benefit to developing what in effect would be two separate rail lines to form the one greater loop line.

In recent days we saw a private proposal dubbed 'AirRail Melbourne' which is concerned with building a new railway from Southern Cross to the Airport via Sunshine and as I mentioned in my <a href="/news/ifms-airrail-melbourne-proposal-helps-other-projects-to-get-financed">commentary</a>, that specific railway is unlikely to cost $15 billion in total and the private investment - to the tune of $5 billion - would give governments the choice to reallocate funds to expanding other rail corridors and introducing new metro and regional services.

AirRail Melbourne, the proposal which will seek to use the market-led infrastructure process set up by the Victorian Treasury, positions itself to take a bet each way on how other projects might work with it. 

For instance, extrapolating the AirRail Melbourne proposal we might foresee a new dedicated line built Southern Cross - Sunshine - Airport and a new track pair from Sunshine - Deer Park - Wyndham Vale to the Geelong/Werribee line junction. Likewise, governments will have a choice to position the MARL/AirRail Melbourne line as a future path for Bendigo and Seymour-Shepparton services just like how the Rail Futures Institute has advocated for in the past.

Governments might even choose to extend the track eastward to form the wider Suburban Rail Loop (SRL) too.

<h2>But should they?</h2>

When the SRL was unveiled by the Premier, the eastern and northern sections on the map looked somewhat obvious - by simply looking at the map we can see its purpose is to move people around the middle suburbs between the existing radial network of metropolitan and regional services.

The western section looked undercooked, but one suspects that's because of the already announced business case development work occuring for the MARL and look at the situation now - the State Government called for expressions of interest to participate last week and already a well-rounded proposal has had its 15 minutes in the sun.

The passenger movement task to and around the west is different to the northern and eastern sections of the SRL - the west has far more complexity: High-speed rail to Geelong, city to airport services, should MARL be used in future for Bendigo and Seymour-Shepparton?

And so it follows, might - or should - the Suburban Rail Loop as Melbourne's orbital rail line, be two different systems given the two broad passenger movement tasks in different regions of the metropolitan area?

If we assume the western side of the city will proceed with the MARL or something like the AirRail Melbourne proposal which includes rail corridor expansion to the west, the SRL from the Airport to Cheltenham could be a separate rail system akin to what the Sydney Metro is to the wider rail network in Metroplitan Sydney (and regional NSW).

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/projects-stations-bukitbintang-02-1.jpg" rel="gallery-all" title="Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: my-mrt.my"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/projects-stations-bukitbintang-02-1.jpg?itok=zAOmBLiD" title="Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: my-mrt.my" width="580"></a>

<figcaption>Bukit Bintang station on Kuala Lumpur's newest MRT line SBK9 - image: <a href="http://mymrt-underground.com.my/projects/sungai-buloh-kajang-sbk-line/">my-mrt.my</a></figcaption></figure>I was recently in Kuala Lumpur, where last year they opened the second and final phase of that city's latest MRT line.  It's a turn-key system, with portions of underground and elevated track broadly connecting through the centre of KL and out to the east and west of the Klang Valley.

We know the Andrews Government has cornered themselves into an underground rail line from Cheltenham to Broadmeadows and some of the most expensive components of underground railway construction are the stations.  The bigger the station, the higher the cost as the rule of thumb goes.

On the Metro Tunnel project, the five stations are enormous - in platform length in particular - to cater for lengthened trains. Upwards of 220 metres.

On KL's Line SBK Line 9 (<a href="https://en.wikipedia.org/wiki/Sungai_Buloh%E2%80%93Kajang_MRT_line">Sungai Buloh-Kajang 9</a>), trains are just as wide and each four-car train has a similar capacity as our standard metro trains in Melbourne (3-3.1m &amp; 1,200 passengers per train) but with only four cars, the trains are shorter and therefore platform length requirements are shorter as well. The trains are 90 metres in length.

The enormous capacity of the comparatively short trains is achieved with longitudinal seating and wide, open gangways between carriages. The trains are also driverless, centrally controlled with platform screen doors at all stations.

The Andrews Government claims the SRL will enable trips from Cheltenham to the Airport in 45 minutes, and it's likely that the majority of trips on the line (should it be built) will be much shorter and minimal seating in longitudinal configuration - in order to create scalability over time - would likely be acceptable to most people given the line's purpose is to rapidly move people between lines and to the newly served employment, shopping and education precincts.

Food for thought.

Lead image credit: Bukit Bintang station, <a href="http://mymrt-underground.com.my/projects/sungai-buloh-kajang-sbk-line/">my-mrt.my</a>
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Might the Suburban Rail Loop be two separate rail systems?

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GUEST OBSERVATION
The question of which city is the most liveable is an annual hot topic. Competition is fierce, especially between Melbourne and Sydney. We have previously highlighted the limitations of The Economist Intelligence Unit Global Liveability Index. In this article we analyse the differences between Sydney and Melbourne using clearly defined liveability indicators based on objective spatial data.
Liveability is an important concept with implications for health and well-being that go beyond promotional material or the prestige of being named number one. As part of our Creating Liveable Cities project, in July we released a scorecard looking at the liveability of Sydney. The scorecard for Melbourne comes out today.
For this research, we mapped policies designed to create liveable cities. We found great variation in these policies. Both cities do well on some but not all aspects of liveability.
We also found inequities in the delivery of infrastructure relating to liveability policies in both cities. Some suburbs do better than others, but in both cities suburbs on the urban fringe are less liveable. These areas often have poor access to the basic amenities needed for daily living.
So, let’s take a closer look at the liveability of Melbourne and Sydney.
Public transport access
Melbourne has an ambitious policy for public transport access. This requires 95% of residences to be within a 400-metre walk to a bus stop, 600m to a tram stop, or 800m to a train station. At present, 69% of residences meet this target.
The policy we measured spatially for Sydney is even more stringent. It requires 100% of residences to be close to public transport – within 400m of a bus stop with a service every 30 minutes, or 800m of a train station with a service every 15 minutes. Only 38% of residences and 2% of suburbs meet this target.
To create a consistent comparison between Sydney and Melbourne, we developed a common national liveability indicator that measures access (within 400m) to frequent public transport (a 30-minute service frequency). Results using this indicator were very similar: 36% of residences in Melbourne achieved this, compared to 35% in Sydney.
In both cities, however, inner and more established suburbs have the best public transport access. Many middle and outer suburbs miss out (Figure 1).
<img src="https://images.theconversation.com/files/235325/original/file-20180907-190665-qcajq0.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Figure 1: Percentage of residences by suburb within 400m of a public transport stop with a service every 30 minutes. Author provided
Another important liveability indicator measures how people get to work. This is especially important with growing population, increased traffic congestion and longer commuting times. Our research shows cities are healthier, more liveable and sustainable when walking, cycling and public transport are more convenient than driving.
Residents of Sydney are more likely to use public transport (26%) than residents of Melbourne (18%). The proportions who walk or cycle to work in each city are similar (6% Sydney, 5% in Melbourne). Both Melbourne and Sydney are doing well relative to other Australian cities.
By international standards, though, we have a long way to go. For instance, 50% of people (and 63% of MPs!) in Denmark’s capital, Copenhagen, commute daily by bike.
Walkability
Coinciding with good access to public transport are walkable areas, which combine somewhere to walk (to local shops and services), population density (to support the services) and a way to get there (connected road network). Walkable neighbourhoods are the backbone of a liveable city.
Figure 2 shows that in both Sydney and Melbourne inner areas have the highest walkability. This declines dramatically towards the urban fringe. Yet neither city has policies in place to achieve walkable neighbourhoods in the suburbs.
<img src="https://images.theconversation.com/files/235326/original/file-20180907-190662-abpa8b.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Figure 2: Composite walkability indicator* for suburbs within each capital city. Author provided
Walkability is also unlikely to be achieved with population density requirements set at only 15 dwellings per hectare. That’s too low to achieve walkable neighbourhoods.
Higher residential densities ensure there are enough people and the associated demand to support the transport and everyday services that help make cities liveable. Research is now showing that this requires higher densities of at least 25 dwellings per hectare, and even higher around activity centres and transport nodes.
Suburban densities are higher in Sydney, at 19 dwellings per hectare, than in Melbourne, which has only 13 dwellings per hectare.
Better policies create better cities
So to the question: which is the most liveable city? The answer in turn depends on another question: liveable for whom? Both cities have areas performing well on some liveability domains and other areas where more could be done.
The findings of these reports show a need for more ambitious policies, research evidence linking liveability indicators to health and well-being, and investment in infrastructure and spatial planning to improve liveability, health and well-being for all residents of all cities.
Lucy Gunn, Research Fellow, Healthy Liveable Cities Group, Centre for Urban Research, RMIT University, RMIT University; Billie Giles-Corti, Director, Urban Futures Enabling Capability Platform and Director, Healthy Liveable Cities Group, RMIT University; Julianna Rozek, Research Officer, Healthy Liveable Cities Group, Centre for Urban Research, RMIT University, and Melanie Davern, Senior Research Fellow, Healthy Liveable Cities Group, Centre for Urban Research, RMIT University
This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/melbourne-or-sydney-this-is-how-our-two-biggest-cities-compare-for-liveability-102247">original article</a>.
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Melbourne or Sydney? How our two biggest cities compare for liveability

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The Pullman on the Park, a five star hotel near the Melbourne Cricket Ground, has been purchased by iProsperity.
The price is not disclosed, but the 419-room hotel located at 192 Wellington Parade has been on the market with <a href="/expert-insights/investing/melbournes-pullman-on-the-park-hotel-for-sale">$200 million plus hopes since February</a>.
The deal will add to the $1.8 billion real estate portfolio controlled by iProsperity, which is led by Michael Gu.
The diversified wealth management outfit had been pinpointed as targeting Melbourne's Pullman on the Park in a deal topping $200 million in July by The Australian.
They focus on investing for "Asian elites."
The Australian Financial Review suggests iProsperity is rapidly coming one of the biggest hotel owners in Australia, particularly through its backing of the $1 billion SB&amp;G Hotel Group.
They also own the Novotel Glen Waverley in Melbourne, the Century City Walk shopping mall in Glen Waverley and Sydney's 122-room Park Regis Hotel which is on the market with $55 million hopes.
Mr Gu said that he remains on the lookout for strategic assets as we continue on a growth trajectory towards $10 billion of assets under management by 2020.
The former Hilton on the Park has been managed by AccorHotels under its Pullman brand since 2015 - prior to that it was the Hilton on the Park - with a $12.5 million upgrade to its lobby and bar recently completed.
The hotel, which was offered with the possibility of vacant possession, includes conference facilities, a 1000-person ballroom and parking for 215 cars.
It was marketed by JLL's Peter Harper and Craig Collins alongside McVay Real Estate's Dan and Sam McVay.
Mr Harper said, "it's the fourth major deal we've negotiated in short succession all to international groups."
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iProsperity purchases Pullman on the Park near MCG

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With the industrial multi-unit development market becoming saturated in Melbourne’s well regarded industrial suburbs, developers are looking for new ways to set their product apart from the competition, according to Herron Todd White (HTW).
The valuation firm noted recent times had seen adaptable spaces with brighter designs.
"Developers will modify the spaces to meet the purchaser’s requirements," the September HTW industrial report noted.
"Such product is being strongly supported by investors assuming strong WALEs and owner-occupiers looking to operate their small businesses or meet their ever- growing storage needs."
HTW also noted the strata industrial space was also being driven by the requirement to redevelop dated and functionally obsolete industrial properties into smaller, concrete tilt panel strata developments.
Most industrial strata spaces comprise a mix of concrete tilt panel and aluminium glazed facades to provide natural lighting and in turn, a positive work environment for their occupants.
"We are seeing strata industrial developments continuing to grow in the inner-city markets, particularly in the inner west, north and east, due to high land values in these areas."
An example of an industrial infill development is 10 Cawley Road, Yarraville 3013, where 50 small strata units have been constructed to provide both self-storage and office/warehouse unit accommodation (ranging between 107 and 203 square metres).
Another development which is combining small scale storage units and high-tech office/warehouse units is The Assembly, located at 329 Bay Road, Cheltenham 3192 (pictured above).
The development is nearing completion with most units being secured by pre-commitment sale transactions prior to completion.
The development focuses on being aesthetically pleasing, as demonstrated by the architecturally designed units and incorporating vertical garden walls, as well as being pragmatic at the same time, creating the perfect balance for occupants.
Where larger land allotments are more readily available and affordable, such as in the outer west and south-eastern markets, HTW suggested there has been an increase in large scale distribution centres being constructed, particularly within proximity of major transport routes.
"As the online shopping market continues to develop, many businesses are seeking to expand their operations to incorporate options for distribution to their customers," the report said. 
"Smaller office to warehouse ratios are being constructed to coincide with technology advances and work-life balance, with employees able to work from home, creating a reduced requirement for high office to warehouse ratios in part."
Aside from the above, currently planned infrastructure upgrades and road projects will benefit the industrial corridors across Victoria and the sector as a whole.
"Projects include the Western Ring Road upgrade, CityLink Tulla widening, West Gate Tunnel project and the anticipated North East Link project.
"The completion of these upgrades will positively impact the aforementioned growth corridors across Melbourne and allow for further efficiencies with regard to transportation and logistics, particularly with regard to the growth in e-commerce and the importance of distribution centres.
"These infrastructure upgrades are creating stable links between destinations, reducing the risk of contingency when transporting goods.
Across the industrial market, rents have continued to stabilise with little movement noted by HTW.
Yields on  the other hand are a different story, in particular well-located investment properties with strong lease covenants and WALEs, with yields continuing to firm.
"We expect that with the supply of englobo industrial land throughout Melbourne, industrial developments will continue to meet demand for both owner- occupiers and investors."
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