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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

New Apartments

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Hurstmon is the latest offering from Landream, transforming Melbourne’s south-eastern suburb of Malvern East.

Situated at 3 Hurstmon Street, the residences form an eye-catching landmark while complementing the rich history of the suburb.

Designed by Telha Clarke, each residence includes double-glazing, ducted heating and a butler’s pantry, with floorplans responsive to changes and requests from homebuyers.

Handcrafted lighting by Richmond-based studio Articolo also features in the project’s foyer.

[smartcode_project:default project_id=4807]

Hurstmon has a “hidden-gem quality”, according to architect Tim Clarke – a quality that extends into each residence and its layered textures.

Residents looking to secure a home in the development can choose from two design schemes curated by the architects.

The two colour schemes, green and grey, add to the palette of earthy tones that complement the home’s location. 1. Slate Green

<a href="/buildings/hurstmon-3-hurstmon-street-malvern-east"><img alt="" height="1371" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hurstmon-3-hurstmon-street-malvern-east-ad6b8aa3d1c09a1fafefeaf5da8bf84b_1.jpg" width="1920"></a>

Adding to the palette of earthy tones, slate green joinery that distinguishes the kitchen harmonises with the interior’s walnut timber flooring, natural stone and brushed nickel accents.

“The timber floorboards are a really warm, rich, tactile tone”, Telha Clarke associate Harriet Fell said.

Mirroring the verdant streetscape of Malvern East, the green accents convey a natural presence and reference the landscaping on the building’s exterior to seamlessly connect the interior with the outdoors. 2. Soft Grey

<a href="/buildings/hurstmon-3-hurstmon-street-malvern-east"><img alt="" height="1371" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hurstmon-3-hurstmon-street-malvern-east-efd35cc74e89620da64b41b4e3bdbc17.jpg" width="1920"></a>

Meshing with the light-coloured walls of the home and the natural stone splashback and benchtops, the soft grey palette delivers residents a blank canvas to make their own.

This design scheme complements the rammed earth materials of the home’s distinctive vertical blades.

These columns are integrated into the structure of the building and double as an eye-catching aesthetic element, bringing warmth to the building.

Architect Stuart Telha said the many colours of the rammed earth give a distinctive tonal variation to the exterior.

“It depends on what the light’s doing – sometimes they look quite orange and sometimes they look grey,” he said.

Bordered by a commercial building on one side and two-storey brick homes to the other, Hurstmon delivers a restrained design to transition the two with minimal features but warm textures.

 Two-bedroom apartments in the project start from $795,000 while three-bedroom apartments begin at $1,599,500.

The project is estimated for completion in early 2022. Hopeful buyers can secure floorplans and information from an agent today.
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Residents looking to secure a home in the development can choose from two design schemes curated by the architects, slate green and soft grey

max.kwok_55688

Design brief: Design scheme options for Hurstmon, Malvern East apartment buyers

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With the Parramatta CBD set to undergo a major transformation over the next five years, the area is seeing unprecedented levels of private investment in property.

“Outlying suburbs such as Parramatta and Liverpool are developing into regional cities, and with improved infrastructure in the works, there is likelihood we will see significant population growth in these areas further from the CBD”, property expert Michael Yardney said.

But why invest? The Parramatta area is ideally located in a growth area, home to a broad range of industries and only a 30-minute train ride from the CBD.

According to Smart Property Investment, the area’s gross rental yield for units sits at 3.8 per cent, almost double the rental yield for houses in the area, which sits at 1.96 per cent.

The suburb will soon service residents with a new light rail between the CBD and Western Sydney airport.

Urban takes a look at five apartments within the council area, starting from $405,000.

1. The Retreat, Lidcombe 
Address: 11 Carter Street, Lidcombe NSW 2141 
One-bedroom apartments from $568,000

[smartcode_project:default project_id=25940]

Offering families a practical sense of home in the rapidly evolving lifestyle hub of Sydney Olympic Park, the 22-storey Retreat development delivers timeless design and functional layouts.

Delivered by Meriton, the curvaceous glass towers form powerful landmarks on the suburb’s skyline.

Among the resort-style, master-planned community’s multiple leisure facilities include an aquatic centre, tennis centre and adventure parks.

Close-by Parramatta CBD and a 20-minute train from the Sydney CBD, Aura provides enviable employment opportunities to its residents.

2. 180 George, Parramatta NSW 2150 
Address: 180 George Street, Parramatta NSW 
One-bedroom apartments from $502,000

[smartcode_project:default project_id=8590]

Another Meriton development, 180 George brings together beautifully curated residences with rich lifestyle amenity across two slender towers.

The 767-apartment development is designed by architect Woods Bagot and features communal open space, a sundrenched podium terrace and a barbeque area.

Rooftop podium gardens, encompassing a 1,200sqm area, a childcare centre and a major national supermarket chain are also included in the site.

The towers are estimated to reach completion in December 2021.

3. Riva, Parramatta 
Address: 30 Charles Street, Parramatta NSW 2150 
One-bedroom apartments from $405,000

[smartcode_project:default project_id=25842]

Situated on a premium riverfront location, Riva offers residents spectacular water views and plenty of natural light.

Riva forms part of the future 180 George mixed-use precinct and offers 146 studios, dual-key and oversized residences in one, two and three-bedroom configurations.

The development features high-quality LED lighting, frameless glass showers, contemporary marble-inspired feature walls and spacious floorplans.

4. Moseley, Carlingford 
Address: 17-21 Moseley Street, Carlingford NSW 2118 
One-bedroom apartments from $550,000

[smartcode_project:default project_id=25486]

Close-by Epping Station, the affordable Moseley project delivers 41 one, two and three-bedroom apartments that match the needs of families, downsizers and young professionals.

Developed by H&amp;T Group, the project boasts contemporary design, modern silhouettes, a gym, communal entertaining areas and an electric charging dock.

Each apartment features timber floorboards, reconstituted stone benchtops and Miele kitchen appliances.

It is located in close proximity to some of the best secondary schools in the country, such as James Ruse Agricultural College, Tara and The King's School.

5. The Galleria, Parramatta 
Address: 23-29 Hassall Street, Parramatta NSW 2150 
One-bedroom apartments from $589,000

[smartcode_project:default project_id=9190]

Nucorp’s Parramatta project, The Galleria, delivers 140 one and two-bedroom residences in Sydney’s second-largest CBD.

Designed by Architex, the Galleria puts you front-row and centre for the exceptional growth, gentrification and cultural change that Parramatta is currently experiencing.

Residents can enjoy a private podium garden or the Church Street dining scene, while onsite commercial spaces at ground level provide a variety of retail offerings.

All apartments come with basement security parking, secure storage spaces, quality SMEG appliances and designer bathrooms.
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With the Parramatta CBD set to undergo a major transformation over the next five years, the area is seeing unprecedented levels of private investment in property

Five new apartments in Parramatta from $405,000

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The local developer CDMA Australia have launched the final stage of its $237 million Rouse Hill development Rosella Place.

Named after the native bird that characterises the north-western Sydney suburb, Rosella Place is set to home 357 apartments across five nine-storey towers when completed in late 2023.

So far just under 200 apartments have sold, equating to $120 million in sales.

The final stage release sees 117 residences up for grabs across Buildings D and E, a mix of one, two and three bedroom apartments. There will also be seven townhouses available in the final stage (pictured below).

<a href="/buildings/rosella-place-stage-1-56-cudgegong-road-rouse-hill"><img alt="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rosella_place_3.jpg" width="1600"></a>

Designed by local architects WMK Architecture, Rosella Place apartments start from $480,000 for a one bed, $620,000 for two-bedroom apartments and $755,000 for three bedroom apartments.

The Rouse Hill growth forecast

Many experts and agents are suggesting the Hills District is prime for a property boom, with public infrastructure projects in the pipeline worth billions of dollars.

Ray White Group managing director Dan White said the group had never seen higher numbers of from people inspecting properties on a per property basis in the Hills District. 

“It’s currently 30-40 per cent higher than it was at this time last year, prior to Covid,” Mr White said. 

[smartcode_project:default project_id=93223]“All of the short and long-term drivers of the Sydney market are positive and with infrastructure and population growth, post Covid will be as strong as ever. 

Mr White says that people should be very confident with the property outlook over the medium to long term.

"Sydney will always be a great investment for ongoing growth and the real estate market is a great place to invest. Buyers don’t want to miss out on that continued growth."

CDMA Australia’s sales and marketing manager Jonathan Tan said Rouse Hill’s rural, country-style setting appeals to many buyers, which many of the surrounding suburbs such as Blacktown and Westmead do not offer.  

“It also offers an array of excellent amenities including the upcoming Tallawong Town Centre which will include retail, childcare, public parks and cycle and walking tracks all connected to the Metro Station. 

“The area has a variety of major developments and infrastructure on the horizon with the $250 million expansion of the Rouse Hill Town Centre, the new Rouse Hill Hospital and the Norwest University all to be delivered in the next coming years,” he said.
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So far just under 200 apartments have sold, equating to $120 million in sales.


Final stage of Rosella Place apartment development launches in the Rouse Hill growth area

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Known for its lush rainforests, fresh produce and enviable lifestyle, Tasmania provides an acceptable alternative to life on the mainland.

Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low.

According to CommSec’s State of the States report, Tasmania holds the mantle for the best-performing economy for the fourth quarter in a row, ranked first on relative population growth, equipment investment and dwelling starts.

Urban takes a look at three brand-new apartments in Greater Hobart. 
 

1. Kings Quarter, Kingston 
Address: Pardalote Parade, Kingston TAS 7050

[smartcode_project:default project_id=29367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png" rel="gallery-all" title="Image: Traders in Purple"><img alt="" class="image-article-full-width-580px" height="346" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.22_pm.png?itok=any40ZYl" title="Image: Traders in Purple" width="580"></a>

<figcaption>Image: Traders in Purple</figcaption></figure>Offering a masterplanned community, developer Traders in Purple will offer a revitalisation at the Kingsborough area at their diverse mixed-use development.  

Birches Row, the first stage of the project, will offer 80 new, free-standing homes and townhouses, as well as retail, dining and office space centred around the Kingsborough Council’s multimillion-dollar public park.

The three and four-bedroom residences offer rich neighbourhood life, and feature alfresco living, multi-purpose space and landscaped courtyards. 
 

2. The Elliott, Hobart 
Address: 62 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=89729]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png" rel="gallery-all" title="Image: EIS Property"><img alt="" class="image-article-full-width-580px" height="352" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.45.37_pm.png?itok=0j7kzBxx" title="Image: EIS Property" width="580"></a>

<figcaption>Image: EIS Property</figcaption></figure>Conveniently located on the doorstep to Hobart’s CBD, the Elliott presents an exclusive collection of 68 luxury homes in one, two, three and four-bedroom configurations.

The residence, designed by HBV Architects, provides expansive interior spaces, outdoor terraces and views of the city, kunanyi / Mount Wellington and beyond.

The Elliott provides convenience with the Salamanca markets, the Hobart waterfront and the CBD within walking distance from the home. 
 

3. Ingomar Residences, Hobart 
Address: 34 Patrick Street, Hobart TAS 7000

[smartcode_project:default project_id=94367]

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png" rel="gallery-all" title="Image: La Vie Collective"><img alt="" class="image-article-full-width-580px" height="375" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-03-16_at_4.46.23_pm.png?itok=c_46t2Gw" title="Image: La Vie Collective" width="580"></a>

<figcaption>Image: La Vie Collective</figcaption></figure>Developed by the boutique Tasmanian property developers La Vie Collective, Hobart’s latest development provides homebuyers the chance to reside in one of 26 tailored residences in North Hobart.

Designed by S Group, the project boasts the luxe conversion of a historic 1897 mansion into eight residences, with an additional 18 apartments situated on the home’s former grounds.

The home features state-of-the-art technology, luxurious finishes, and heritage details, as well as views toward the city and the Hobart waterfront.
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Homebuyers are flocking to the island state as greater opportunities to work remotely arise and home prices remain relatively low

Home to Australia’s best performing economy: 3 brand-new apartments in Tasmania

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Although some student apartment markets are currently impacted by a lack of demand due to the fall in international students, investors can still secure a strong performing long-term investment.

Apartments in student markets more affordable than ever, and according to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term.

“Sooner or later, international students will come back to Melbourne because the demand for a high quality, English-speaking, in-person university experience is not going to shrink while we’ve got those growth economies in Asia,” Kuestenmacher told Domain.

As one of Victoria’s best performing universities, Monash hosts more than 85,000 students at its various campuses around Melbourne.

Urban takes a look at five apartments perfect for students nearby Monash, ideal for scholars and academics, high-income postgraduates and investors.

<h2>Apartments close to the Monash Parkville Campus</h2>

Home to the university’s Faculty of Pharmacy and Pharmaceutical Sciences, the Parkville campus is made up of five buildings on Royal Parade and is close-by Monash Law’s city campus.

Property investors with investments in the surrounding suburbs benefit from the campus, which enrols around 1,100 undergrad and postgrad students, which attracts international students, part-time students and professional researchers.

1. Melbourne Grand, Melbourne 
Address: 560 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $498,000

[smartcode_project:default project_id=3490]

Winner of the HIA ‘Victorian apartment complex of the year 2020,’ Central Equity’s Melbourne Grant provides an outstanding living experience.

Less than a kilometre away from Monash University’s Parkville campus, postgraduate students and investors alike will enjoy the residence’s ideal location.

The residence features various amenities, including resort-style facilities, residents’ lounge, 17-seat theatre and coffee bar.

2. Parkhill Apartments, West Melbourne 
Address: 408 Spencer Street, West Melbourne VIC 3003 
One-bedroom apartments from $479,000

[smartcode_project:default project_id=27406]

Although a bit further from the campus, three kilometres south, the well-connected Parkhill Apartments offers stylish residences on the fringe of the Melbourne CBD.

Delivered by Central Equity, the project benefits from bright apartments with up to 2.7-metre-high ceilings, spacious balconies and seven-day concierge service.

Located minutes from Queen Victoria Market, transport links and Flagstaff Gardens, this project is one to consider.

<h2>Apartments close to the Monash Clayton Campus</h2>

Clayton campus, the university’s main campus, boasts a student population exceeding 41,000.

The 1.1 sqkm site also hosts the majority of Monash’s 9,000 academic staff, as well as visiting researchers, scholars and doctoral students.

1. Aster Apartments, Clayton South 
Address: 456 Haughton Road, Clayton South VIC 3169 
One-bedroom apartments from $396,800

[smartcode_project:default project_id=4124]

Delivered by Cedar Woods and designed by DKO Architecture, Aster Apartments boasts affordable apartments in the award-winning masterplanned community, Jackson Green.

With over 4,700 sqm of public open space, residents at Aster can enjoy plenty of social spaces to connect with neighbours, just 1.8 kilometres from Monash’s main campus.

Clayton’s South is a hub for healthcare and education, connecting residents to employment opportunities, countless amenities and developed infrastructure.

2. M-City, Clayton 
Address: 2107 Dandenong Road, Clayton VIC 3168 
One-bedroom apartments from $371,300

[smartcode_project:default project_id=528]

Just 700 metres from the Clayton campus, M-City provides a sophisticated ‘mini-city’ in Clayton, within walking distance to grocery stores, restaurants, bars and more.

Shiavello’s development is situated in the lively Clayton, which has had an average annual growth of 12 per cent over the last three years.

Each apartment contains floor-to-ceiling glazing, spacious, private balconies and luxury resort-style facilities, including a heated pool, landscaped gardens and barbeque zones.

<h2>Apartments close to the Monash Caulfield Campus</h2>

Comprising over 13,000 students, the Monash Caulfield campus is the university’s second-largest.

Located within the Glen Eira City Council, Caulfield boasts good infrastructure, an excellent community feel and great schools.

1. 1060 Carnegie 
Address: 1060 Dandenong Road, Carnegie VIC 3163 
One-bedroom apartments from $459,000

[smartcode_project:default project_id=2882]

Located only 1.3 kilometres from the Caulfield campus, 1060 Carnegie enjoys the convenience of two train stations, four train lines and a dedicated tram route.

Beautiful parks, gardens and sport facilities provide vast amenity to students, homeowners and visiting scholars.

Delivered by Fortune Property Group and designed by Peddle Thorp Architects, the apartments feature landscaped lawns, rooftop garden and integrated storage space.

2. Equus, Glen Huntly 
Address: 28 Watson Grove, Glen Huntly VIC 3163 
One-bedroom apartments from $470,000

[smartcode_project:default project_id=28063]

Placed in the intimate suburb of Glen Huntly, Equus affords a superior quality of life in an exceptional location, just 11 kilometres south-east of the CBD and 1.2 kilometres from the Caulfield campus.

Owner-occupiers and investors will enjoy the area’s relaxed energy and family-friendly neighbourhood.

Equus comprises 39 apartments and offers outdoor entertaining areas, considered space and bright open space.
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According to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term

Student apartments for under $500k close to Monash University campuses

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With apartments in student markets more affordable than ever, due to retreating investor interest, now may be the time to secure a home that could be a strong performing long-term investment.

The University of New South Wales (UNSW), one of the top universities in Australia, has a student population of 65,000 and is located in Sydney’s south-eastern suburb of Kensington.

Urban takes a look at five apartments perfect for students nearby UNSW, ideal for scholars and academics, high-income postgraduates and investors.

1. The Laneways, Rosebery 
Address: 33-37 Mentmore Avenue, Rosebery NSW 2018 
One-bedroom apartments from $592,800

[smartcode_project:default project_id=24323]

Just 2.6 kilometres from UNSW, Ellerson Property’s the Laneways provides inner-city living with luxury features and architectural design.

Located within close proximity to Green Square transport hub and approximately six kilometres from the Sydney CBD, the home provides great investment options with potential homebuyers including mobile professionals, creatives and families.

The chic home includes residents-only car charging bays, a rooftop garden terrace and district views. 
 

2. Orchid, Eastgardens 
Address: 9 Oscar Place, Eastgardens NSW 2036 
One-bedroom apartments from $695,000

[smartcode_project:default project_id=29389]

Farther from the university but still enjoying convenience for students and academics, Orchid is part of Meriton’s latest development.

The final first stage offering in the masterplanned Pagewood Green, Orchid boasts 256 oversized apartments across four buildings.

Just 3.1 kilometres from UNSW’s Kensington campus, Maroubra Beach and the Sydney CBD, this development provides a residential oasis.

Designed by PTW, the community includes podium gardens, a retail precinct and outdoor entertaining spaces. 
 

3. Eminence, Zetland 
Address: 811 Elizabeth Street, Zetland NSW 2017 
One-bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

Offering a remarkable boutique trio of buildings, commanding four street frontages between Green Square and the CBD, Eminence meets the criteria of a strong investment property.

Including onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre, Eminence brings all the necessary amenities to your doorstep.

Delivered by Meriton and designed by DKO Architecture, the property also offers pools, open-air training facilities and playgrounds. 
 

4. Pagewood Green, Eastgardens 
Address: 130-150 Bunnerong Road, Eastgardens NSW 2036 
Two-bedroom apartments from $815,000

[smartcode_project:default project_id=13861]

The multi-staged masterplan development, Pagewood Green, provides diverse layouts for the lifestyle of any homebuyer.

Positioned opposite an upcoming 8,000 sqm park and neighbouring Westfield Eastgardens, the convenient home delivers exceptional amenity within walking distance and is just 17 minutes from UNSW by bus. 
 

5. Polo Collection, Rosebery 
Address: 55 Rothschild Avenue, Rosebery NSW 2018 
One-bedroom apartments from $710,000

[smartcode_project:default project_id=7588]

Set amongst tree-lined streets and only 2.4 kilometres from the Kensington campus, Polo Collection pays homage to Rosebery’s industrial past while providing residents with a residence of the future.

Developed by Meriton, the project connects residents to the Sydney CBD, Green Square and the harbour as one of the city’s most connected inner-city suburbs.

Designed by SJB, the homes boast a modern and distinctive style, with floor-to-ceiling glass, expansive floorplans and views over Sweetacres Park.  
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With apartments in student markets more affordable than ever, due to retreating investor interest, now may be the time to secure a home that could be a strong performing long-term investment

Five apartments under $900k close to UNSW in Sydney's Kensington

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The City of Parramatta Council has approved plans to build a 25-storey apartment building in Granville, set to be delivered by Chinese developer Starryland.

Located at 26-38 Good Street and 59-61 Cowper Street, the developer acquired the amalgamation of commercial sites from private owners for $36 million.

The 5,150sqm mixed-use site will offer 373 residences, along with residents’ communal gardens, barbeque facilities and 1,171sqm of retail space.

The developer, an Australian division of the Chinese publicly listed company Fuxing Huiyu Real Estate, has previously worked on projects within the Parramatta CBD, including the $550 million sold-out Promenade at Parramatta project.

According to Starryland’s managing director Hao Liu, Granville is considered an undervalued suburb in the Parramatta region.

“[It] is predicted to one of the upcoming Sydney hotspots”, Liu said.

The project aims to set a benchmark for quality design and finishes in Granville, sales manager James Swete said.

Situated in close proximity to the Granville train station, the project will focus on providing affordably priced apartments targeting first home buyers and young professionals.

“We don’t want to compete in apartment-heavy suburbs with expensive units", Liu said. "Which is why we believe in the areas in Sydney’s west which need more homes.”

Granville, which boasts some of the most affordable house prices in Sydney, has seen growing developer competition with the presence of multiple projects in recent years. According to Liu, not only will this competition this place Granville on the housing map, but it will pave the way for better sales for Starryland's new development.

The project will be designed by PBD Architects, who were assigned to the project after participating in a competitive design process involving three nominated architects.

<h2>Other projects designed by PBD Architects in Greater Sydney</h2>

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/KwiYcb9bbdI" width="560"></iframe>

<a href="/new-apartments/kew-schofields-stage-2-georgette-23-27-schofields-road-schofields">Georgette, Kew Schofields</a>

Located in one of Sydney’s newest suburbs, Kew Schofields offers a harmonious living experience, balancing privacy with the north-west region’s endless employment opportunities.

Similarly designed by PBD Architects, Kew Schofields’ second stage, Georgette, offers contemporary design, functional storage and interior spaces designed to become the “perfect backdrop to home and family life,” PBD writes.

<a href="/new-apartments/kew-schofields-stage-2-georgette-23-27-schofields-road-schofields"><img alt="" height="628" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kew-schofields-stage-2-27-schofields-road-schofields-ff94cf047ee9db640ae8e3661936bf61.jpg" width="1200"></a>

The master-planned community offers 2,700sqm of retail space, parks and recreational facilities, with one and two-bedroom configurations priced from $428,000.

Georgette is expected to reach completion late this year.
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Designed by PBD Architects, the 5,150sqm mixed-use site will offer 373 residences, residents’ communal gardens and 1,171sqm of retail space

Parramatta Council green lights latest Starryland development in Granville

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Working from home arrangements appear to be the new normal, prompting developers to reimagine their projects.

In September, more than 4.2 million Australians were working from home, according to research from Roy Morgan. To adapt to this era of remote work, integrating dedicated work-from-home zones into apartment design is necessary for a development’s success.

Urban takes a look at six apartments on the market right now, with a dedicated workspace.  
 

1. <a href="/buildings/liberty-one-1-warde-street-footscray">Liberty One</a>, Footscray 
Address: 1 Warde Street, Footscray VIC 3011 
One-bedroom apartments from $630,000

<a href="/buildings/liberty-one-1-warde-street-footscray"><img alt="" height="530" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/liberty-one-1-warde-street-footscray-80d23a56ab6a84323838187b6698c977_0.jpg" width="978"></a>

<a href="/buildings/liberty-one-1-warde-street-footscray"><img alt="" height="1243" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/liberty-one-1-warde-street-footscray-577b1eb848b3290dd75087cb2290af7e.jpg" width="1920"></a>

Many of the apartments in Bensons Property Group’s Footscray development, Liberty One, enjoy a built-in desk area.

Designed by CHT Architects, the complex is designed with function in mind, boasting floor-to-ceiling windows, private balconies and open-plan living space. Resident amenities include a gym, outdoor cinema and residents’ lounge and dining. 
 

2. <a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a>, Palm Beach 
Address: 1 Nineteenth Avenue, Palm Beach QLD 4221 
Three-bedroom apartments from $2,325,000

<a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach" target="_blank"><img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cabana-1-nineteenth-avenue-palm-beach-1f8dfb6ab6baf4262a9dcafc1d5cf840.jpg" width="2000"></a>

<a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach" target="_blank"><img alt="" height="820" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cabana-1-nineteenth-avenue-palm-beach-7af9280133da671bb13307ff7717c5f1.jpg" width="2000"></a>

Located in Queensland’s beautiful Palm Beach, Cabana offers the ideal setting for remote working arrangements, boasting ocean views and coastal living.

Delivered by Ignite Projects, the exclusive 34-apartment building offers style and quality design, with each apartment featuring three bedrooms plus a multi-purpose room that can be transformed into a work-from-home space. 
 

3. <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe">Bloom Arncliffe</a> 
Address: 213 Princes Highway, Arncliffe NSW 2205 
One-bedroom apartments from $595,000

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/-yQclXpFjCA" width="560"></iframe>

<a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe" target="_blank"><img alt="" height="1302" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/213-princes-highway-arncliffe-efa81c256ffa6b78b016aa3a8bcef4bc.jpg" width="1850"></a>

Dispersed over seven state-of-the-art buildings, Bloom Arncliffe offers one, two and three-bedroom apartments perfect for owner-occupiers looking for an apartment with space to work from home.

Recently completed, Bloom boasts views of Botany Bay, private balconies, entertaining space and a dedicated study room for your remote working endeavours. 
 

4. <a href="/buildings/the-docklands-residences-3-43-waterfront-way-docklands">The Docklands Residences</a> 
Address: 3-43 Waterfront Way, Docklands VIC 3008 
Two-bedroom apartments from $1,050,000

<a href="/buildings/the-docklands-residences-3-43-waterfront-way-docklands"><img alt="" height="4000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-docklands-residences-3-43-waterfront-way-docklands-988a726e9806f8b8fa2370ea39176360_0.jpg" width="6016"></a>

Designed by DKO Architecture and located atop the five-star Marriott Hotel, Dockland’s newest icon delivers you the flexibility to work from home with the luxury of resort-style amenity.

With 70sqm one-bedroom apartments, The Docklands Residences allow lots of space for remote work, and with no short-term leasing permitted in the building, no party-goes can interrupt your flow. 
 

5. <a href="/new-apartments/cello-5-9-flora-street-greenslopes">Cello</a>, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
One-bedroom apartments from $349,000

<a href="/new-apartments/cello-5-9-flora-street-greenslopes" target="_blank"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cello-5-9-flora-street-greenslopes-54dd93d50b90d44ea82f4d1caa728b79_0.jpg" width="1200"></a>

<a href="/new-apartments/cello-5-9-flora-street-greenslopes" target="_blank"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cello-5-9-flora-street-greenslopes-bf2988bda350fd34cdef584c575500c2_0.jpg" width="1200"></a>

Situated just four-kilometres to the Brisbane CBD, Cello offers city-convenience and exceptional on-site amenity.

The two towers, which comprise a selection of one, two and three-bedroom apartments delivered by CS Development Group, boast an on-site library, multi-purpose space and a boardroom. 
 

6. <a href="/buildings/canvas-272-barkly-street-brunswick">Canvas</a>, Brunswick 
Address: 272 Barkly Street, Brunswick VIC 3056 
One-bedroom apartments from $440,000

<a href="/buildings/canvas-272-barkly-street-brunswick"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/canvas-272-barkly-street-brunswick-529ad56108d858ae9c5eb8c2b6b734f2.jpg" width="2000"></a>

<a href="/buildings/canvas-272-barkly-street-brunswick"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/canvas-272-barkly-street-brunswick-e7adb8bdb83ba7a3a6f404561e44bc20.jpg" width="2000"></a>

Delivered by ID_Land and designed by Rothelowman, Canvas provides residents an ideal location for remote work, with a rooftop communal space reserved for residents.

The homes’ interiors feature open-plan living, functional storage design and sustainable features. It’s a place where families, couples and individuals can congregate to create a collective home.
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To adapt to the age of remote work, integrating dedicated work-from-home zones into apartment design is necessary for a development’s success

6 apartments on the market right now with dedicated work-from-home zones

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<div id="post-body-8750789597338754868" class="post-body entry-content">
<div>If there's a subject that I get more emails about than anything else it's the supply of new apartments in Sydney.</div>
<div> </div>
<div>When prices take off you should generally expect a supply response as more projects become viable, until eventually the new supply kills the up-cycle.</div>
<div> </div>
<div><a href="/images/2016/09/22/8.3%20PROPERTY%20CONSTRUCTION%20CYCLE.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2016/09/22/8.3%20PROPERTY%20CONSTRUCTION%20CYCLE.jpg" alt=""></div>
<div> </div>
<div>And after a period of under-building you only need a working pair of eyes to see that this is taking place in Sydney.</div>
<div> </div>
<div>But instead of drawing conclusions based on emotions or pre-determined 'crashnik' conclusions, let's take a look at what the actual numbers say to see whether we can draw some more specific inferences. </div>
<div> </div>
<div>Approvals boom</div>
<div> </div>
<div>The first thing to note is how far approvals are tilted towards the multi-unit sector in Sydney today, partly as a result of the constrained supply of land close to the city and the Pacific Ocean.</div>
 There were some 55,458 approvals over the year to May 2016 - almost double the level of three years ago - and almost exactly two-thirds of these were multi-units at 66 per cent. <a href="/images/2016/09/22/A2.jpg" target="_blank">Click to enlarge</a>
</div>
<div class="post-body entry-content">
<img src="/images/2016/09/22/A2.jpg" alt=""> <div>When looking at the individual LGAs the most striking point of note is just how many approvals there have been in western areas such as Camden, Blacktown, Parramatta, and Liverpool, as well as in the increasingly populated Hills District.</div>
<div> </div>
<div>Incidentally, the Sydney LGA actually covers an enormous area and more than thirty inner ring suburbs, so it's generally expected that there would be the highest number of approvals in that LGA.</div>
 <a href="/images/2016/09/22/A3.jpg" target="_blank">Click to enlarge</a>
</div>
<div class="post-body entry-content">
<img src="/images/2016/09/22/A3.jpg" alt=""> <div>When the weight of new apartment supply hits home there is likely to be fallout in some of these western suburban localities.</div>
<div> </div>
<div>It's also noticeable how remarkably few approvals there have been in some of the blue chip LGAs such as Mosman, Hunters Hill, Manly, and Woollahra. </div>
<div> </div>
<div>Completions lag</div>
 <div>If the impact of the supply response has been muted to date, then the next chart explains why. </div>
<div> </div>
<div>Despite a 21 per cent year on year increase in annual approvals, annual net dwelling completions have increased by only 3 per cent to 30,901 in the year to May 2016 (with a slightly lower 62 per cent of these being multi-unit dwellings).</div>
<div> </div>
<div>While this is an improvement in completions of about one third over the past three years, it needs to be acknowledged that the Greater Sydney population growth is now tracking at about ~85,000 per annum (while the cyclical low for completions in 2009 was cataclysmically bad, and the lowest nadir since 1953).</div>
<div> </div>
<div class="separator"><a href="/images/2016/09/22/A1.jpg" target="_blank">Click to enlarge</a></div>
<div class="separator"><img src="/images/2016/09/22/A1.jpg" alt=""></div>
 <div>This implies that as I have concluded here previously the ratio of dwelling completions to population growth in Sydney was still tracking at below its long run average at least until 31 May 2016.</div>
<div> </div>
<div>And although population growth in Sydney is higher today than it was in the past, there have been 10 years since 1950 where more net dwelling completions were notched up than there were over the past year. </div>
<div class="separator"> </div>
<div class="separator">A prime reason for the supply response being slower than through preceding market cycles is that multi-unit projects on brownfield sites requiring land remediation take a great deal longer to complete than turnkey detached housing developments on greenfield land. </div>
<div class="separator"> </div>
<div class="separator">The number of net dwelling completions remains almost comically low in the blue chip LGAs of the eastern suburbs and lower north shore - with NIMBYism clearly alive and well - but supply is starting to hit its straps in some of the aforementioned higher-density LGAs.</div>
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<div>Where the pipeline will hurt</div>
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<div>The widening gap between approvals and completions means that there are more dwellings under construction in Sydney than has ever been the case before in any Australian city. </div>
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<div>In particular, there is a concentration risk in play with so many of the dwellings under construction being high-rise apartments. </div>
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<div>Take a look at the figures for Parramatta, for example, where there have been 8,646 multi-unit approvals since July 2012 but only 4,946 net dwelling completions. </div>
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<div>That's one heck of a potential supply pipeline, with more units due to come online in adjoining LGAs as well. </div>
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 The wrap <div>These data lag by a few months, and they show that despite having had relatively little impact to date Sydney's supply response is poised like a coiled spring. </div>
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<div>Up until the end of May 2016 net dwelling completions had barely increased from the prior year in tracking at around 30,000. However, there is a record number of dwellings in the under construction phase, so this will be one data series to watch closely. </div>
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<div class="post-footer">
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
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Sydney apartment completions lag: Pete Wargent

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Given the lower entry-level price points, buyers can secure a two-bedroom residence in Canberra at even cheaper prices than one-bedroom apartments in Sydney or Melbourne.

If you're a first home buyer or a smart investor, here are four residences you can secure a one-bedroom apartment for less than $430,000 in Australia's capital.

1. <a href="/buildings/nightfall-2-grazier-lane-belconnen">Nightfall, Belconnen</a>

One-bedroom apartments from $363,900 
Address: Cameron Avenue, Belconnen ACT 2617

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nightfall_render1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="400" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nightfall_render1.jpg?itok=hv7QbvQz" width="580"></a> <a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nightfall_render2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="336" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nightfall_render2.jpg?itok=1aIbUp_D" width="580"></a>

Nightfall is no exception to Canberra’s affordable entry prices for apartments, offering one-bedroom, one-bathroom apartments from $363,900. The luxury apartments offer views of the Lake Ginninderra waterfront and is a change of scenery from Canberra’s busy CBD.

Designed by Fender Katsalidis, Nightfall offers a private barbeque area, a fully-euipped commercial kitchen and an outdoor terrace for entertaining. The project is the third and final stage of Geocon’s Republic precinct in the Belconnen district.

The project offers two-bedroom, two-bathroom homes from $501,900.

2. <a href="/buildings/the-establishment-90-swain-street-gungahlin">The Establishment, Gungahlin</a>

One-bedroom apartments from $313,900 
Address: Corner Gundaroo Drive and Gozzard Street, Gungahlin ACT 2912

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/geo1420_section224gungahlin_s060_int_living.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geo1420_section224gungahlin_s060_int_living.jpg?itok=QV-Qyezf" width="580"></a>

Inspired by Chicago’s industrial warehouse scene, The Establishment offers one, two, three-bedroom and loft apartments “designed for luxury and forged in style,” the marketing reads. Homes begin at just $313,000 for a one-bedroom, one-bathroom apartment in the complex.

The residence offers private amenities, including a rooftop infinity-edge lap pool with outdoor spa and an exclusive outdoor strength and agility gym. It is located just five minutes from Yerrabi Pond and numerous parklands and walking tracks.

The project offers two-bedroom, one-bathroom apartments from $452,900. 

3. <a href="/buildings/metropol-81-cooyong-street-reid">Metropol, Reid</a>

One-bedroom apartments from $420,900 
Address: 26 Cooyong Street, Reid ACT 2612

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/metropol_s080_int_typical2bedkitchen_apt619_schemeb_final200011.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/metropol_s080_int_typical2bedkitchen_apt619_schemeb_final200011.jpg?itok=yFMc4HsU" width="580"></a>

Located in Reid, Metropol features a selection of one, two and three-bedroom apartments and offers one-bedroom, one-bathroom apartments from $420,900. Just one minute walk from the CBD, Reid connects you to the epicentre of Canberra.

Metropol’s numerous private resident amenities offer great value for money, with an infinity edge pool, views across Glebe Park, high-tech entertainment facilities and a private penthouse that can be reserved by residents.

Two-bedroom, two-bathroom residences begin at $569,900 at Metropol. 

4. <a href="/buildings/midnight-1-elouera-street-braddon">Midnight, Braddon</a>

One-bedroom apartments from $429,900 
Address: 92 Northbourne Avenue, Braddon ACT 2612

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/geoconmidnight_s010_ext_hero-final2000.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geoconmidnight_s010_ext_hero-final2000.jpg?itok=vkGmP0Gn" width="580"></a> <a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/geoconmidnight_s150_int_penthouseliving_final2000.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geoconmidnight_s150_int_penthouseliving_final2000.jpg?itok=PGqeFI2l" width="580"></a>

Whilst a bit more expensive than the other homes on this list, Midnight is located in the heart of the vibrant suburb of Braddon and within walking distance of the Canberra CBD.

Midnight offers spacious and well-designed apartments with hotel-quality amenities and exclusive facilities.

This rare opportunity comes to first home buyers at an entry price of just $429,000. Offering amenities such as a 25-metre lap pool, waterfall features and shared facilities with the 199-room Midnight Hotel.

Two-bedroom, two-bathroom apartments within the project start from $624,900. 
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Here are four residences you can secure for less than $430,000 in Australia's capital city.

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