Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Melbourne

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Auction numbers are down this weekend in Melbourne following last week's pre-spring Saturday surge.
According to Domain senior economist Dr Andrew Wilson just over 700 homes are scheduled to go under the hammer this Saturday, significantly fewer than the 877 auctioned last weekend and auction numbers will also be well down on the 880 conducted over the same weekend last year,.
According the Dr Wilson, Melbourne’s west continues to be the leading suburban region for auction listings with this weekend 121 homes scheduled to go under the hammer.
<a href="/images/2016/09/02/Screen%20Shot%202016-09-02%20at%2010.51.34%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/02/Screen%20Shot%202016-09-02%20at%2010.51.34%20AM.png" alt="">
 
"Next highest is the inner city region with 105, followed by the inner south with 103, the outer east 88, the north west 83, the inner east 77, the north 64 and the south east with 47 auctions listed," he said.
"Mount Waverley heads the list for the most popular auction suburb in Melbourne on Saturday with 14, followed by St Kilda, 12, East Bentleigh and Craigieburn each with 11, Reservoir and South Morang each with 10 and a number of suburbs with nine auctions listed including Preston, South Yarra and East Brighton.
"Although spring officially starts in September, the spring selling season typically commences over the last weekend in August with a surge in auctions signalling the end of the more subdued winter market.
"Strong clearance rates will result in higher houses prices in Melbourne, although the level of growth is unlikely to match the extraordinary results recorded at the height of last year’s prices boom."
 
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jonathanchancellor-7SQnKwU6yx

Melbourne weekend auction numbers down following the pre-spring surge

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A unique corner warehouse set in one of Melbourne's well-known cultural precincts has sold for $2.3 million.
It had come with $1.8 million plus hopes through CBRE agents Benson Zhou, Paul Tzamalis and Josh Rutman
Located directly opposite Bennett's Lane Jazz Club, <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-502045898" target="_blank">22-24 Bennetts Lane</a> is etched with art, in particular a large cat woman on the front of the building
It comes with a permit approved for a mixed use permit which a local developer will make into an eight-level structure atop one commercial space.
Last traded for $1.5 million in 2012, the warehouse is surrounded by a number of existing and upcoming developments such as hotels, apartments and offices.
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j.ballantyne1990-6AQqhLzZaK

Laneway warehouse adorned with cat woman graphic sold in Melbourne

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After CoreLogic RP Data recently reported a median unit price of $475,500 in Melbourne, Property Observer went searching for what that got.
Vivid at <a href="https://www.realestate.com.au/project-vivid+181-vic-south+melbourne-600013278?propertyTypes=apartments%2Funits" target="_blank">181 Ferris Street</a> in South Melbourne has one and two-bedroom apartments for sale within the median price range (above). Construction is due to be completed in July 2018. 
New apartments have also been listed for sale at <a href="https://www.realestate.com.au/project-no.1+collins+wharf-vic-docklands-600012046?propertyTypes=apartments%2Funits" target="_blank">No1, Dockland’s</a> newest waterfront building (below). A one-bedroom, one-bathroom apartment there will set buyers back close to $500,000. 
<img src="/images/2016/08/31/m2.jpg" alt=""> 
Apartments in the Platinum building at <a href="https://www.realestate.com.au/project-platinum+tower-vic-southbank-600002503?propertyTypes=apartments%2Funits" target="_blank">45 Clarke Street</a>, Southbank (below) cost $485,000 for a two-bedroom, one-bathroom apartment. 
<img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%204.58.41%20PM.png" alt="">
A new two-bedroom, one-bathroom apartment has also been listed for sale between $460,000 and $490,000 at <a href="https://www.realestate.com.au/property-apartment-vic-southbank-123387214" target="_blank">1712/39 Coventry Street, Southbank</a> (below). 
<img src="/images/2016/08/31/m3.jpg" alt="">
A one-bedroom and study apartment has been listed for sale at <a href="https://www.realestate.com.au/property-apartment-vic-docklands-123384426" target="_blank">501/15 Doepel Way</a> in Docklands (below). The large waterfront apartment is located in the Aqui Promenade.
<img src="/images/2016/08/31/m4.jpg" alt="">
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What the $475,500 median apartment price gets in Melbourne

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Student accommodation provider GSA are set to buy a 130 bed residence in Royal Parade, Melbourne, close to the University of Melbourne’s main Parkville campus.
Price is undisclosed. GSA purchased the building from Whitely College and will take ownership in 2017, int he meantime submitting plans to renovate the property.
GSA’s currently has a 346 bed development on development on Pelham Street, Carlton with completion and occupation set for 2018.
GSA are currently moving their Asia-Pacific headquarters from Hong Kong to Sydney. GSA's managing director of Asia Pacific, Simon Loveridge, will move from Hong Kong to Sydney as part of the relocation.
The Hong Kong office will continue as GSA’s Investment Management base in the region led by Victor Lor, head of investment management for Asia Pacific. 
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GSA to buy Parkville, Melbourne student residence

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The office vacancy rate on Melbourne’s most famous boulevard, St Kilda Road, has fallen to 7.3 percent, its lowest level in eight years, according to property firm Savills’ latest Fringe Office market research.
The fall in vacancy from 10.8 per cent in July 2013 drove rental growth of 23 percent over the last three years including 12 percent in the last 12 months. The market is so tight that vacant is 38 percent below the average vacancy over the last 25 years. 
Monica Mondkar, manager-Research &amp; Consultancy, said, “Net face rents in July 2013 ranged between $270 and $325, and in July 2016 between $340 and $400. Based on an average rent, that is a 23 percent rise over the last three years.”
Vacancy peaked at 22.4 percent in July 1992 following the Savings and Loan Crisis but has been on a rollercoaster ride ever since.
However, according to Savills associate director-Office Leasing, Kizzy Okoukoni, the latest figure has more to do with the iconic boulevard’s residential makeover than an economic recovery. 
“Ongoing demand for CBD fringe office space is of course a key contributing factor in the tighter vacancy level but the continual withdrawal of stock for other uses, predominantly residential, has also been a significant determinant,’’ Okoukoni said.
Despite residential conversions St Kilda Road is still Australia’s fourth largest non-CBD office market with 686,175 square metres of office space. It has lost less than 1.2 percent of office space to residential use per year over the last 10 years, however, this has accelerated in recent years.
"It’s only a matter of time before the commercial/residential property profile balance in St Kilda Road, which currently has a two thirds office/one third residential mix, shifts permanently to residential.
"For some landlords maintaining an older office building with any vacancy, on top of exorbitant land taxes, is not a long term option.
"There is no way this can stack up when a residential redevelopment can mean such a massive increase in return on the property,’’ Okoukoni said.
Office buildings likely to withstand this change would be the more modern ones with long-term tenants, he added.
But despite the incentive to convert to residential use, office property would always maintain a significant presence on St Kilda Road, he said.
“Residents need services, they need supermarkets, they need childcare, they need restaurants, cafes, accountants, financial planners, gymnasiums, etcetera.”
<a href="/images/2016/08/29/charty.png" target="_blank"> Click to enlarge</a>
<img src="/images/2016/08/29/charty.png" alt="">
The total investment sales on St Kilda Road were $246 million with the most notable being AMP Capital’s acquisition of 636 St Kilda Road for $87.5 million and Bayley Stuart Capital’s purchase of 616 St Kilda Road for $40 million. Domestic funds and syndicates accounted for 52 percent of the sales by value.
Mondkar said yields on the boulevard over the 12 months had firmed by 25 basis points and now range from 6.75 to 7 percent. In comparison, in September 2013 yields ranged from 8 to 8.75 percent. 
 
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Office vacancy in Melbourne’s St Kilda Rd at lowest level in eight years: Savills

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Melbourne Quarter, a mixed-used development that will have more than 1,600 homes, has received the Victorian planning minister’s approval. 
The $2 billion project’s first of three towers is coming up at 628 Flinders Street. The 40-level tower will offer views of the city and bay and feature hanging gardens.
The three towers have been designed by Melbourne-based architectural firm, Fender Katsalidis Architects. 
Planning Minister Richard Wynne’s approval marks the next stage for Lendlease on the site’s residential precinct. 
More than half of the 2.5 hectare site has been earmarked for open public spaces including Melbourne’s first elevated Skypark, a neighbourhood park, a public square and retail laneways connecting to the greater CBD area. 
The first building, East Tower, will have one, two and three bedroom apartments. 
Lendlease's managing director for urban regeneration, Mark Menhinnitt, said all residential towers at Melbourne Quarter would target a 5-Star Green Star rating.
“Melbourne Quarter’s competitively priced apartments will provide a range of one, two and three bedroom city residences, with added value in their design features, location and amenity compared to what our CBD competitors are offering,” he said. 
“We are already receiving strong market interest for Melbourne Quarter’s East Tower.” 
Residents of <a href="https://www.melbournequarter.com.au" target="_blank">Melbourne Quarter</a> would have access to clubs, swimming pool, gym, library and a lounge.
On completion, its commercial offices are expected to be home to around 10,000 workers.  
The residential display suite is at 691 Collins Street.  
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$2 billion Melbourne Quarter project gets planning approval

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 After CoreLogic RP Data recently reported a median house price of $590,750 in Melbourne, Property Observer went searching for what that got.
The median price will cover a brand new five-bedroom, three-bathroom, double-storey home in the new Haven Wollert complex at <a href="https://www.realestate.com.au/project-haven+wollert-vic-wollert-600007915?propertyTypes=houses" target="_blank">60 Harvest Home Road, Wollert</a> (above). Construction is currently underway.  
In Werribee the median price will purchase a five-bedroom, two-bathroom home at <a href="https://www.realestate.com.au/property-house-vic-werribee-123258866" target="_blank">3 San Remo Drive</a> (below). The land measures 898 square metres. 
 <img src="/images/2016/08/29/700_remo.jpg" alt="">
In Bundoora, the median price will secure a three-bedroom, one-bathroom, single-storey home at <a href="https://www.realestate.com.au/property-house-vic-bundoora-123258186" target="_blank">131 Greenwood Drive</a> (below). The family home is set on a 545 square metre block. 
 <img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2011.19.26%20AM.png" alt="">
Newly built houses are also available within the median price range at Stockland Highlands, located at <a href="https://www.realestate.com.au/project-highlands-vic-craigieburn-600000499?propertyTypes=houses" target="_blank">1 North Shore Drive, Craigieburn</a> (below).There, $580,00 will purchase a four-bedroom, two-bathroom, 34 square metre house. 
 <img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2011.21.00%20AM.png" alt="">
At <a href="https://www.realestate.com.au/property-house-vic-reservoir-123361010" target="_blank">1/62 Dundee Street</a> (below) in Reservoir the median price will secure a three-bedroom, two-bathroom duplex house.
<img src="/images/2016/08/29/700_build.jpg" alt="">
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What the $590,750 median house price gets in Melbourne

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Melbourne’s preliminary clearance rate for the week ending August 28 came in at 79.0 percent.
 Inner Melbourne was the busiest auction region with 214 homes going under the hammer and a preliminary clearance rate of 79.2 percent.
<a href="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2012.47.45%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2012.47.45%20PM.png" alt="">
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Inner Melbourne leads state clearance rates: CoreLogic

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New REIV data suggests it’s possible to save hundreds of thousands of dollars by purchasing in the next suburb along the train line.
The Sandringham line recorded the city’s largest price difference between stations with homes in Brighton Beach ($2,715,000) almost a million dollars more expensive than in neighbouring Hampton ($1,765,000).  
Significant savings of $885,000 were also possible for homebuyers who bought a home in Chatham, rather than the previous station on the Belgrave line, Canterbury. 
For a few more minutes on the Lilydale line, buyers could save more than $500,000 by buying a home in Box Hill instead of the previous suburb, Mont Albert.
Meanwhile, similar savings were evident on the Craigieburn service with commuters able to save almost $450,000 by purchasing one stop further along the train line in Pascoe Vale, rather than Strathmore.  
A substantial price difference of $420,000 was also recorded on the Frankston line between Patterson (1,357,500) and Moorabbin ($937,500).
REIV CEO Geoff White said a number of top commuter suburbs delivered significant savings for buyers seeking value within easy commuting distance of the city. 
“These areas enable buyers to enter the market at a much more affordable rate without really compromising on travelling time to the CBD,” Mr White said.
“Homebuyers willing to live in a suburb just one stop further along the train line can save themselves a significant six-figure sum.”
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The next train stop - how to spend less by buying further out of Melbourne

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Heritage devotees are fighting to protect one of Melbourne’s best, but least known, heritage listed modernist gems, the 1970 offices of Yuncken Freeman.
Elegantly detailed with expressed steel columns, inspired by German/US modernist master Ludwig Mies van der Rohe, the unassuming building is deemed as one of Melbourne’s purest modernist masterpieces.
Melbourne Heritage Action believes steps must be taken to better ensure a design more sensitive to the heritage listed building, with greater setbacks and a stronger separation between old and new.
They have lodged an objection to plans for 407 King Street set opposite the Flagstaff Gardens following a proposal to have a tower poking out the top.
"There is no doubt that this building is one of the lesser known but most important landmarks of modernism in Melbourne, not just the City of Melbourne," <a href="https://melbourneheritage.org.au/" target="_blank">Melbourne Heritage Action advised</a>.
It was designed by the prolific firm of Yuncken Freeman, who were the leaders in the provision of corporate modernism in Victoria in the 1960s and 70s.
"They produced a number of office buildings in variations of the latest in minimalist style, inspired by the leading modernist in the United States Mies van de Rohe and the interpretations of his ouvre by Skidmore Owings &amp; Merrill.
"It was the first of their designs to be clearly following the Mies / SOM lead, designed as their own offices."
<div id="attachment_2281" class="wp-caption alignnone" data-shortcode="caption">
<img class="alignnone size-full wp-image-2281" src="https://melbourneheritageaction.files.wordpress.com/2016/08/13963080_1142400125806547_1959695706979343493_o.jpg?w=547" alt="13963080_1142400125806547_1959695706979343493_o">407 King Street as captured by Peter Wille after its construction, courtesy of State Library 
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<div id="attachment_2279" class="wp-caption alignnone" data-shortcode="caption">
<img class="alignnone wp-image-2279" src="https://melbourneheritageaction.files.wordpress.com/2016/08/13903161_1142399949139898_6043813060399781856_n.jpg?w=679&amp;h=588" alt="13903161_1142399949139898_6043813060399781856_n" width="679" height="588">Heritage Melbourne Action sugest the proposal was far too dominant over the heritage listed office building it will use a podium.
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