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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

WM Residences fills gap in Mordialloc townhouse market

Mixed-use development

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

Joint venture development partners ICD Property and Belingbak have commenced a design competition for their redevelopment of a Sydney CBD tower.

The&nbsp;372-382A Pitt Street project will see&nbsp;five of Australia’s most renowned architects submit their future vision for the site, with the winner set to be appointed as the project’s architect.

Competing in the process is Woods Bagot, Neeson Murcutt &amp; Neille partnered with Bates Smart, Kelly Hill Architects partnered with Crone, Fitzpatrick &amp; Partners partnered with Tonkin Zulaikha Greer, and fjmt studio – who will each design and present their interpretation for the future CBD tower before a jury of independent judges in January 2023.

<img alt="Render of the proposed tower" data-entity-type="file" data-entity-uuid="b2b3df7d-4a8e-45cb-aeca-4d2208fbe17a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/372%20PITT%20ST_Hero_FINAL.jpg?VersionId=4_9VCYJUBmnzvCcC.5rL4HRYGZms_nPr" />

The low-rise commercial building in Sydney’s CBD tech precinct is set to be transformed into a 58-storey tower comprising 30 luxury residences, along with a 297-room hotel and a collection of retail, entertainment, food and public art offerings.&nbsp;

ICD Property and Belingbak hope the competitive design process will fuel inspiration and uncover the highest and best design outcome for the aspirational tower.

ICD Property’s CEO Matt Khoo said they intentionally selected five distinct architecture teams to participate in 372 Pitt’s design competition, endeavouring to arrive at five very unique possibilities for the site.

Speaking to why no international architects were invited to compete, Khoo said it was important to utilise local talent.&nbsp;

“With the tower set to become a future landmark in Sydney’s urban fabric, we wanted it to be a reflection of the city’s inimitable charm, history, and people. It’s a very rare opportunity to be part of a skyline-defining tower in one of the world’s most famous cities,” Khoo said.&nbsp;

“The personal touch each local architect we selected could bring to this process felt necessary to do justice to our vision of a tower that will hopefully one day join the ranks of its neighbouring iconic landmarks.”

The developers are looking for the architects to celebrate the current building typology, with an activated street frontage and a diverse offering.&nbsp;

Belingbak’s founding Director, Jack Montgomery said the patina and character the surrounding buildings offer is priceless.&nbsp;

“The celebration of these elements will in turn provide for a captivating, inviting street frontage with an array of uses. Our vision for a vertical integrated tower will come to life as the new tower form takes shape,“ he said.

372 Pitt’s design competition officially commenced in November, with ICD and Belingbak aiming to announce a winner in January next year.&nbsp;

[smartcode_project_cta:default project_id=110966]

The joint venture has invited five of Australia’s most renowned architects to submit their future vision for the site, with the winner set to be appointed as the project’s architect.

Belingbak and ICD Property launch design excellence competition for 372 Pitt Street

As part of North Sydney’s revitalisation as the city’s latest foodie destination, Aqualand has announced four new retail ventures planned for its $1 billion luxury mixed-use residential development AURA by Aqualand.

&nbsp;All four venues will be developed and operated by Etymon Projects, the hospitality and services arm of Aqualand and designed by the award-winning H&amp;E Architects with interiors by COX Architects.

&nbsp;[smartcode_project:default project_id=30959 project_image_fid=202657]

On the list is an LA-inspired all-day diner, a bakery, a cafe and wine bar, which will transform from casual dining throughout the day to a sophisticated wine bar by night, along with a modern Japanese restaurant and a new providore.&nbsp;

The announcement follows Etymon’s success in curating the likes of Loulou Boulangerie, Bistro and Traiteur at the developer’s award-winning Blue at Lavender Bay development.

Etymon is also planning a further restaurant opening for North Sydney in Spring 2023, offering an all-day dining contemporary steak and seafood grill, cocktail and lounge bar with private dining room potential and multiple outdoor terraces at 1 Denison Street.

Once renowned as an office precinct, North Sydney is transforming into a vibrant, exciting place to live.

[smartcode_project:default project_id=30959 project_image_fid=202988]&nbsp;

The new Sydney metro train line linking North Sydney with Barangaroo and beyond from early 2024, along with 19 public domain projects, parks, plazas and laneways, has inspired substantial private and public investment in North Sydney’s CBD with a shared vision for its future.

With all this amenity and positive change comes an influx of new residential developments, attracting downsizers to the area who want more cafés, shopping, and restaurants downstairs from their apartments for the ultimate in easy living.

Designed by lauded architectural firm Woods Bagot with interiors by Richards Stanisich, the heirloom 386-apartment luxury residential tower and retail offering at 168 Walker Street, AURA by Aqualand is at the heart of North Sydney’s transformation.&nbsp;&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202994]

A short walk from AURA uncovers secret gardens, wide-open green spaces and the undulating sandstone curves of the Harbour, while an array of nearby parklands make leisure and fitness easy for residents.&nbsp;

Just 4.3 kilometres from Sydney’s CBD and a 1.3 kilometre walk to the Harbour Bridge, North Sydney makes taking advantage of everything the harbour city offers easy.&nbsp;

Only minutes by car or train to the CBD, the new Victoria Cross Metro Station can be accessed next to the development’s northern entry, which when complete will allow travel to Barangaroo in just three minutes and to Chatswood in six minutes.

[smartcode_project_cta:default project_id=30959]

Aqualand unveils new retail precinct at Aura in North Sydney

Sydney-based developers, Iris Capital, has continued to notch up awards for their East End project.

Having initially focussed on Sydney’s fast growing south-west corridor, the group has most recently taken a leap up the coast, dipping into the prospers of the Newcastle region to deliver a masterplan set to transform the suburb.

Encompassing a 1.66-hectare site, from Perkins Street to Newcomen Street, the East End precinct will be delivered across four stages, with the entire project slated for completion by 2027.

Cited as one of the country’s first large-scale urban regeneration projects, East End is focused on delivering the perfect blend of residential, retail, entertainment and dining to Newcastle.

Stage one of the billion-dollar East End development comprises four buildings, three of which are complete mixed use residential buildings and one a QT hotel.

And the accolades have continued for the project, after having been crowned the winner of the 2022 UDIA NSW award for excellence in mixed use developments, which celebrate innovation, sustainability, industry leadership and excellence in urban development across NSW and the ACT.

Alongside the 2022 UDIA NSW award for excellence in mixed use developments, Iris Capital has already secured seven awards and a high commendation under its belt, as well as being a finalist twice.

The group was recently awarded three awards from the 2022 Newcastle Australian Institute of Architects including the Urban Design award, Residential Architecture – Multiple Housing award and the Newcastle 2022 Medal, which is considered a prestigious top award.

The 2022 NSW Australian Institute of Architects also awarded the group with another three awards including the Urban Design award, Residential Architecture – Multiple Housing award and the Premiers Prize.

Iris Capital also secured first place for Urban Taskforce Australia’s Urban Renewal Development award and received a high commendation from Think Brick Awards for its Horbury hunt Commercial Award in 2021.

CEO of Iris Capital, Sam Arnaout, said he is proud to have received another round of nominations after winning eight awards this year alone for the Newcastle East End development, attributing the success to Iris Capital’s attention to detail and passion for delivering market-leading projects.

“I’ve been joined by so many great people around me at Iris Capital and it’s a massive team effort to achieve what we have for the East End project,” says Arnaout.

“We are delighted that our ongoing efforts to deliver an urban city sanctuary with our East End development are being recognised once again with Iris Capital being a finalist for four awards.

“Being awarded the UDIA award for excellence in mixed use development reflects our unwavering commitment to developing communities that set a benchmark for the industry and these accolades only deepen our resolve to continue creating a revitalised and flourishing community in Newcastle.

“Iris Capital is grateful for the awards and nominations we have secured so far, for our East End development, and look forward to the next stages of our master planned high quality integrated residential and mixed-use development.”

Iris Capital will now progress through to the National Architecture Awards and the National UDIA Developer Awards which will be determined later this year.

Iris Capital is one of Australia’s leading private property and hotel enterprise headed by Sam Arnaout. The company’s investment and development activities have seen it create five billion dollars in enterprise value over more than 25 years with the Iris Capital group now generating annual revenue of $500 million and employing more than 1500 people across Australia.

[smartcode_project_cta:default project_id=107744]

Iris Capital take out UDIA award for Newcastle mixed-use development, East End

Australian-based Event Hospitality and Entertainment, formerly Amalgamated Holdings, has lodged plans for a site on one of the oldest streets in Australia - George Street.

Currently under generational transformation with the addition of the light rail and the pedestrianisation of much of its three-kilometres, the proposal at 525-529 will sit across two street frontages in the heart of Sydney.

Fronted by Angelo Candalepas, Candalepas Associates were chosen to design the plans for the George Street site after an architecture competition amongst some of Australia&rsquo;s leading architects.

<a href="/new-apartments/525-529-george-street-sydney"><img alt="" height="783" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_10.29.42_am.png" width="676" /></a> 
Photomontage looking west towards the proposed tower and podium. Credit: Candalepas Associates

A 44-storey mixed-use tower will be constructed, including a six-level podium, which will include a host of residential and public amenity spread across a lower ground floor and upper levels.

The lower ground floor of the podium will be home to the hotel lobby as well as conference facilities, accessed via Kent St, with a bar/restaurant accessed via Albion Place.

The upper ground levels will host a range of retail tenancies fronting George St, with a three-level cinema off Albion Pl.

Residences will begin from the 10th floor, with a mix of one, two and three-bedroom apartments on offer. Unique floorplan offerings will be especially dedicated across levels 22, 23, 23, 41 and 42 to cater to a variety of family types.

A 17-level hotel will also be incorporated into the tower, comprising 292 hotel rooms, as well as a gym and outdoor pool.

The communal open space is proposed on the tower rooftop, which is set to include barbecue facilities, mechanical plant areas, a terrace, seating areas and dining space, as well as a pool. Additionally, two community rooms will be provided, with one on level 23 and the other on level 24. &nbsp;&nbsp;

The tower form is well setback from the street frontages allowing the podium to take focus and connect directly to its immediate neighbours and public domain.

The design seeks to activate all of its public domain frontages, with the transformation of Albion Place set to boast the area into a vibrant inner-city destination.

<a href="/new-apartments/525-529-george-street-sydney"><img alt="" height="796" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_10.30.06_am.png" width="412" /></a> 
Photomontage looking from Kent Street towards the proposed podium and tower. Credit:&nbsp;Candalepas Associates

In recent times, The City of Sydney has been active in growing the cultural life of George Street, including commissioning major public art projects such as Tracy Emin&rsquo;s The Distance of Your Heart In collaboration with Candalepas Associates, a new artwork will also be fully integrated with the architecture of the building&rsquo;s northern fa&ccedil;ade.

Landing within a precinct of George Street closely associated with Chinatown and Haymarket, the site is just a four minute walk to Sydney Town Hall which is one of Sydney&rsquo;s oldest and most prominent landmarks.

Sydney Town Hall is regarded as the grandest 19th century civic building in Australia, with the City of Sydney transforming the precinct through the development of Town Hall Square.

The site also sits within the heart of Sydney&rsquo;s CBD retail and entertainment precinct, surrounded by eateries, bars, cafes and retail outlets that reflect Sydney&rsquo;s multi-cultural edge.

[smartcode_project_cta: project_id=24583]

Event Hospitality and Entertainment Limited lodge plans for Sydney George Street mixed-use development

A DA approved mixed-use site is set to attract major interest from a range of parties after coming up for sale in Sydney&rsquo;s south-west.

The 890sqm property at 279-281 Belmore Road in Riverwood has an approved GFA of 3,443 sqm and unique approval for 33 apartments plus two retail shops.

The plans also come with 52 car spaces across three underground levels.

<a href="/new-apartments/279-281-belmore-road-riverwood"><img alt="" height="1240" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/279-281_belmore_road_riverwood_1.jpg" width="1754" /></a> 
Aerial shot of the location of the proposed development site at 279-281 Belmore Rd. Image supplied.&nbsp;

Located next to Riverwood Plaza, it comes with prominent 33m frontage to Belmore Road and B2 Local Centre planning, making it permissible for a range of users.

The property is exclusively listed with Trent Gallagher and Frank Oliveri from Colliers.

&ldquo;This is an extremely rare offering as it is both DA approved and within immediate proximity to Riverwood Train Station. The location is crucial as it is the gateway site into the Riverwood precinct,&rdquo; Gallagher said.

&ldquo;The approved DA adds another element to this property, as boutique development sites are in very high demand. We expect to receive strong interest that stems from the current strength of the residential market,&rdquo; Oliveri added.

The asset comes with a stable holding rental income of $82,637 per annum plus GST and is set to take advantage of an active owner-occupier purchasing market with strong population growth, on top of high rental demand, which also favours investors.

[smartcode_project_cta: project_id=6735]

The 890sqm property at 279-281 Belmore Road in Riverwood has an approved GFA of 3,443 sqm and unique approval for 33 apartments plus two retail shops.



Mixed-use site in Sydney’s south-west to draw major interest from developers 

A show-stopping atrium, luxury retail shopfronts, and a ballroom will be&nbsp;part of the transformational $3.6 billion Queen&rsquo;s Wharf Brisbane development delivered by Destination Brisbane Consortium, a joint venture between parent company, The Star Entertainment Group, and its two partners, Chow Tai Fook Enterprises and Far East Consortium.

Nestled between the newly launched Brisbane apartment tower, Queen&rsquo;s Wharf Residences and the Dorset and Rosewood Hotels, the George Street entrance will be home to a striking atrium spilt over five levels, set to redefine the space for both residents and visitors.

Multiplex Senior Project Manager Rick Woodford said now the structure is formed, the biggest transformation will be in the luxury finishes that will round out the podium structure over the next year.

[smartcode_project:default project_id=13276 project_image_fid=80734]

&ldquo;Above the luxury retail on George Street there will be mirrored soffit, surrounded by a mix of timber and stone finishes,&rdquo; Woodford said.

&ldquo;Fourteen escalators are currently being installed in the atrium which will draw people from George Street and into the restaurants, bars and luxury retail once completed.&quot;

The largest escalator that has been installed was 16 metres long and weighed 12 tonnes.

&ldquo;Over the next few months the scaffold surrounding the atrium will be removed, revealing a rectangular light-filled space with soft edges complete with a glass ceiling,&quot; Woodford added.

[smartcode_project:default project_id=13276 project_image_fid=80720]

The fa&ccedil;ade is also being installed along the Grand Ballroom that will have capacity for up to 2,000 guests.

Internationally renowned, home-grown Brisbane artist Lindy Lee has been engaged to create a signature masterpiece for the art installations to be showcased as part of the development.

An Australian painter and sculptor of Chinese heritage, Lee will craft a unique, eight-metre, 8,000-kilogram bronze sculpture for the George Street Atrium, titled &lsquo;Being Swallowed by the Milky Way&rsquo;.

<a href="/new-apartments/queen-s-wharf-residences-23-margaret-street-brisbane"><img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/queens_wharf_sculpture_viewa_day_bronze_brushed-002-002.jpeg" width="1200" /></a> 
Artist&rsquo;s rendering of artist Lindy Lee&rsquo;s &lsquo;Being Swallowed by the Milky Way&rsquo; sculpture during the day. Image sourced.

The stunning oblong sculpture will feature thousands of tiny holes puncturing its bronze surface and at night will appear as a shimmering, light-filled galaxy of silver and gold stars.

&ldquo;On a personal level, this is the most significant commission I&rsquo;ve ever been awarded,&rdquo; Lee said.

&ldquo;I am currently working on some prestigious overseas commissions, but the sculpture I have designed for Queen&rsquo;s Wharf Brisbane is an important project to me. It will be a joy,&rdquo; she added.

As the first artwork to be revealed by The Star Entertainment Group as part of its multi-million-dollar public art procurement program, more artists are expected to be revealed in the coming months.

Highly regarded art figure Philip Bacon AO led the specialist Artistic Advisory panel alongside art curator and director of the Institute of Modern Art Liz Nowell, and respected indigenous artist and administrator Avril Quaill to curate the standout collection of artworks.

&ldquo;Securing a major Lindy Lee sculpture is a coup for the city,&rdquo; Bacon said.

<a href="/new-apartments/queen-s-wharf-residences-23-margaret-street-brisbane"><img alt="" height="807" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/queens_wharf_sculpture_viewb_night_bronze_brushed.jpeg" width="1200" /></a> 
Artist&rsquo;s rendering of artist Lindy Lee&rsquo;s &lsquo;Being Swallowed by the Milky Way&rsquo; sculpture at night. Image sourced.&nbsp;

&ldquo;Lindy&rsquo;s distinctive works are already found in many of the world&rsquo;s greatest cities, and it is fitting that Queen&rsquo;s Wharf Brisbane will be home to one of her largest and most elegant creations.&rdquo;

The artworks will be featured across the 7.5 hectares of public space within the entertainment and tourism precinct, including waterfront areas by the Brisbane River.

The Star Entertainment Group&rsquo;s Managing Director and CEO, Matt Bekier, said the announcement marked a defining moment in Queensland&rsquo;s largest urban development.

&ldquo;We and our partners are thrilled to have commissioned Lindy Lee to create the signature art piece and we look forward to revealing the other talent the advisory panel has identified,&rdquo; Bekier said.

[smartcode_project:default project_id=13276 project_image_fid=80735]

&ldquo;These artworks will be showcased to millions of people, who will visit this precinct for years to come, including for the 2032 Olympic and Paralympic Games.&rdquo;

The artwork will be in place for the development&rsquo;s planned staged opening in the first half of 2023.

The George Street arrival plaza will also provide access to the new Neville Bonner pedestrian bridge across Brisbane River and landing at South Bank.

[smartcode_project_cta: project_id=13276]

Nestled between Queen’s Wharf Residences and the Dorset and Rosewood Hotels, the George Street entrance will be home to a striking atrium spilt over five levels, set to redefine the space for both residents and visitors.



Art-filled atrium to redefine Queen’s Wharf Residences George Street entrance

The newest Sunshine Coast mixed-use development, Paloma Paloma, is not only unique for the coastal suburb of&nbsp;&nbsp;Caloundra,&nbsp;but unique for Queensland.

That&#39;s the view of&nbsp;Colliers Director Residential, Daniel Hirst, who is marketing the 11-storey apartment tower, part of the wider mini-precicnt which include a fully integrated 110-room hotel in a separate tower and a three-level podium of retail and dining.

&quot;It&#39;s a landmark development unlike anyone has seen before,&quot; Hirst told Urban.

[smartcode_project:default project_id=110945 project_image_fid=195440]

&quot;They&#39;re large apartments, designed to be lived in, and offering a high level of finishes, from limestone floors to natural stone bench tops.&quot;

Decibel Architecture has collaborated closely with award-winning landscape architecture practice LatStudios to create a building that breathes and one that is unique to Queensland.

For architectural inspiration, the group looked to the iconic headlands of Caloundra where waves crash against marbled tidal ledges of rockpools weathered by time.

Developed by CURA, Paloma Paloma&nbsp;will&nbsp;feature onsite resort-style amenities, including spaces for things like yoga and fitness, in addition to a wellness spa and resort-style swimming pool.

[smartcode_project:default project_id=110945 project_image_fid=195437]

Hirst is expecting local and interstate buyers, predominantly in their mid 40s to late 50s, who want everything in one place.

&quot;They&#39;ll be discerning buyers, maybe semi-retired, and wanting something which gives them a feeling of status and luxury when they get home.

&quot;They will want the convenience of dining underneath, and the easy access to beaches, possibly without the pretentiousness found in some other areas nearby.

[smartcode_project:default project_id=110945 project_image_fid=195441]

&quot;Residents will still have that status symbol, while also having the convenience of work from home facilities, and easy access to Brisbane.&quot;

Two of the penthouses have already sold, both to locals from Shelley Beach and Pelican Waters.

Stella Collective handled the interiors of the 74 apartments, with the materials and spaces designed to receive cooling sea breezes and encourage slow living.

[smartcode_project_cta: project_id=110945]

"It's a landmark development unlike anyone has seen before," Hirst told Urban

Paloma Paloma apartments launch at Caloundra

Pellicano and Perri Projects&nbsp;have revised plans for their South City Square development in Woolloongabba, with the proposal seeking to change Stages 4C and 5B in the development.

The purpose of the proposed changes is to accommodate detailed design requirements and respond to current market feedback. The changes predominately relate to improving the functionality and occupancy of the building through provision of enhanced communal open space for residents and additional commercial floor space.

Notably, the minor changes proposed in this application have been devised through a rigorous design competition between various architectural firms, with the winning design developed by Woods Bagot, carefully selected given its impressive design which also successfully addressed key functional outcomes.

<a href="/buildings/south-city-square-148-logan-road-woolloongabba"><img alt="" height="1234" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-12_at_3.47.25_pm.png" width="944" /></a> 
Rendering of the proposed tower facade in Stage 4C and 5B that has been updated to follow the Buildings that Breathe guidelines. Images sourced.&nbsp;&nbsp;

Since the land use mix was approved in 2017, there has been a change to the anticipated market demand resulting in a higher demand for short-term accommodation and commercial spaces, as opposed to longer term apartment style tenure, in which the proposal seeking to remove multiple dwellings, to accommodate a higher proportion of commercial spaces including office and function facilities.

The group&#39;s South City Square is set to include seven buildings ranging between 15 and 18 storeys, delivering around 1000 residences across the project.

Currently under construction and highlighted in the minor change application is Stage 4C, which will be a podium level incorporating retail tenancies, sitting below the proposed tower scheduled for Stage 5B, comprising a Hyatt Place hotel, residential apartments and indoor sport and recreational space.

The lower portion of the tower will consist of commercial floors, with levels 3-4 dedicated for a retail gym. The facades to these levels will be predominantly glazed, with a mix of solid panels and sun shading where required.

Level 10 will be home to a wellness space, acting as a break to the building and separating the commercial and hotel uses.

Hyatt Place will operate from levels 11 to 18, with landscape integration in the form of stacked planters adding a softness to the fa&ccedil;ade, whilst providing elevated greenery, visual amenity, and sun shading. Level 18 will also house a function room on the northern side.

Subsequent to the original approval, there has been a substantial shift in the market and the current design of the fa&ccedil;ade is outdated.

&ldquo;There has also been a release of the &lsquo;Buildings that Breathe&rsquo; design guide, to ensure development reflects the importance of Brisbane becoming a &lsquo;New World City&rsquo;,&rdquo; said Urbis in their application letter for the minor change approval.

<a href="/buildings/south-city-square-148-logan-road-woolloongabba"><img alt="" height="780" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-12_at_4.01.57_pm.png" width="1398" /></a> 
CGI of the proposed rooftop space atop of the tower in Stage 5B. Image sourced.&nbsp;

The tower will be capped by an ellipsoid pergola structure, which will house amenities for hotel residents. The tower crown is set to give the 5B tower a unique identity in the city skyline, while&nbsp;capitalising&nbsp;on solar access and panoramic views to the CBD and Inner Southern Suburbs.

The proposed changes also seek to facilitate improved communal recreation spaces for residents/guests associated with the hotel component of the building. The improved communal open space comprises a revised layout for the rooftop, which will include a pool, seating and barbecue facilities, surrounded in lush, deep planting.

Stages 1 through to 3 are already complete in South City Square, comprising towers 1 South City, New Deshon and The Mews, which include commercial and retail space, as well as residential apartments.

Stage 4A is currently under construction in the mixed-use development, set to feature the central square, with basement levels from 1 to 5 and retail tenancies within the podium.

Also under construction is Stage 4B, which will include retail tenancies, a plaza and a cinema within another podium, sitting below a residential tower planned for Stage 5A, comprising a mix of short-term accommodation and multiple dwelling apartments.

[smartcode_project_cta: project_id=7529]

Pellicano and Perri Projects' South City Square is set to include seven buildings ranging between 15 and 18 storeys, delivering around 1000 residences across the project.



Pellicano revise plans for South City Square tower in Woolloongabba

The $1 billion mixed-use development, Aura by Aqualand, comprises&nbsp;a mix of&nbsp;386 luxury residences, retails, dining precinct, and commercial spaces at 168 Walker Street.

Set amongst an urban leafy context, the&nbsp;mixed-used precinct will offer residents the benefits of a suburban dwelling, with the amenity and convenience of forward-thinking high-rise city living.

Architect Woods Bagot says the Aura&nbsp;residents will never need to leave home again

&quot;The project seeks to create a community within itself while also reconnecting with the surrounding neighbourhood,&quot; Jason Fraser, Woods Bagot Principal, says.

[smartcode_project:default project_id=30959 project_image_fid=181055]

&quot;Ambitious and cosmopolitan, this new luxury mixed-used precinct will offer the residents the benefits of a suburban dwelling with the amenity and convenience of forward-thinking high-rise city living.

&quot;Catering to different tenant interests, a variety of active, passive and outdoor amenity spaces will encourage residents to exercise, relax or socialise.

&quot;The project seeks to create a community within itself while also reconnecting with the surrounding neighborhood. At street level, a free flowing ground plane opens up the site, blurring the boundary between the neighbouring hotel and enticing the community to enjoy new retail, restaurants and landscape areas.&quot;

The renowned architecture firm note that the the sculpturally carved and tapered form echoes the striated texture of the foreshore sandstone, responding to the curvilinear shoreline of Sydney Harbour.

[smartcode_project:default project_id=30959 project_image_fid=181063]

The 28-level tower homes&nbsp;one, two, three and four-bedroom apartments, as well as a collection of sub-penthouses and penthouse, all of which Woods Bagot designed in collaboration with interior architect Richards Stanisich.

Kirsten Stanisich, Director and Founder of&nbsp;Richards Stanisich, said their&nbsp;design interprets the architectural concept for the building to reflect the sculptural shorelines and cliff faces of Sydney Harbour.

&quot;We developed two schemes; the first with shimmer, gloss and deep contrast and the second with light, soft, tonal textures and subtle materiality, to evoke the sensory experience of a Sydney coastal clifftop by day and by evening,&quot;&nbsp;Stanisich said.

[smartcode_project:default project_id=30959 project_image_fid=184943]

&quot;The interior detailing contrasts straight lines against sculptural form while the planning of the interiors are generous and thoughtfully zoned to create both a sense of sanctuary and an incredible unconfined outlook,&rdquo; she added.

AURA offers each residence a unique layout in planning and proportion, with different floorplans and flexible solutions as a balance between working and living at home.

Tony Tang, Aqualand Design Director, said they provide a home, not just four white walls.

[smartcode_project:default project_id=30959 project_image_fid=181059]

&quot;When you walk into each residence, you can the view, you can touch and feel the timber, the natural material, the beautiful marble,&quot; Tang said.

&quot;These are the kinds of details that give you a sense of home.&quot;

All apartments afford a seamless flow from open space living to glorious winter gardens or balconies, while some apartments feature a multi-functional room that facilitates use as a secondary living area, an office, bedroom, or guest room. Completing the offering, select apartments enjoy sunlit glazed studies instead.

As you move through the apartments, a palette of creamy textures are the backdrop for the play of natural light, augmented by mirrored surfaces, glazed walls and translucent screens, while brass accents add drama and definition.

[smartcode_project:default project_id=30959 project_image_fid=184943]

A decadent marble anchors the bathrooms with finesse, light and space, while the highest standard in materials, from toughened fluted glass to premium ceramic tiling and marble, fit out the rest of the space.

Aqualand Managing Director,&nbsp;Jin Lin, said the vision for Aura is simple but ambitiously bold.

&quot;We see this as a one-in-a-generation development, shaping the future of North Sydney and modern luxury living in Australia.

&ldquo;These beautiful homes, conceived to be the beating heart of a new and dynamic North Sydney, balance form and function, emphasising stylish design without&nbsp; compromising on liveability, Lin added.

[smartcode_project:default project_id=30959 project_image_fid=181044]

&quot;Each home is a work of art in its own way, unique in&nbsp; proportions and outlook, offering space to breathe, entertain, work and relax.&quot;

Alex Adams, Head of Sales and Marketing, Aqualand, says Aqualand&#39;&#39;s&nbsp;ambition is always to create something that balanced form and function.

&quot;We wanted something immensely beautiful, interior design that could live up to the stunning views from each residence, a work of art, function and complementary to a really vibrant Sydney lifestyle.&quot;

[smartcode_project_cta: project_id=30959]

"The project seeks to create a community within itself while also reconnecting with the surrounding neighbourhood," Woods Bagot say.

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