<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Perth

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Over the March 2019 quarter, resales of residential properties in Perth created $904 million worth of resale profits which accounted for 6.3% of resale profits nationally.
But Perth also created $145 million in loss making resales, accounting for 25% of all losses nationally.
<a href="https://www.propertyobserver.com.au/images/2019/7/9/perth%201.jpg" target="_blank">Click here </a>to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/perth%201.jpg" alt="">
Source: CoreLogic
The regions of the city with the fewest resales at a loss over the quarter were: Peppermint Grove, Nedlands and Murray, while the highest share of resale losses were in Perth, Rockingham and Mundaring.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/Subscriber%20strip%20ad.jpg" alt=""></a>
Perth has continued to see values fall over the quarter and subsequently resale losses have also risen, a trend likely to continue.
<a href="https://www.propertyobserver.com.au/images/2019/7/9/perth%202.jpg" target="_blank">Click here</a> to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/7/9/perth%202.jpg" alt="">
Source: CoreLogic
To buy the full CoreLogic Pain &amp; Gain report, <a href="https://www.corelogic.com.au/reports/pain-and-gain" target="_blank">click here</a>.
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j.ballantyne1990-6AQqhLzZaK

Perth accounts for 25% of all resale losses nationally: CoreLogic Pain & Gain report 

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Perth's burgeoning property market is continuing to provide new off-the-plan developments suitably priced for first home buyers. According to the Housing Industry Association's (HIA) <a href="https://hia.com.au/foundation/-/media/HIA-Website/Files/IndustryBusiness/Economic/publications/affordability-report-extract.ashx?la=en&amp;hash=1D18CF3A2F7B99C3DB6F7B24968D59C71AEF15FC">quarterly housing affordability report</a> released earlier this year, house prices in Perth are at their most affordable rate in over 20 years. Baring this sentiment in mind, we took a look at the Urban's project database to discover some of Western Australia's most affordable properties. 

Here are 5 Perth apartments priced from $262,500.

<h2>#1 RIVERENA </h2>

<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/banner.jpg" rel="gallery-all" title="Credit: Finbar"><img alt="Credit: Finbar" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/banner.jpg?itok=JBmnXoY2" style="width: 580px; height: 301px;" title="Credit: Finbar"></a>

<figcaption>Credit: Finbar</figcaption></figure><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/apartment-slide-3.jpg" rel="gallery-all" title="Credit: Finbar"><img alt="Credit: Finbar" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/apartment-slide-3.jpg?itok=jEQaE3Z-" style="width: 580px; height: 393px;" title="Credit: Finbar"></a>

<figcaption>Credit: Finbar</figcaption></figure>Developers: Finbar

Location: 5 Rowe Ave, Rivervale WA

For $299,000 you can get a 1-bedroom Riverena apartment which boasts an impressive 8-star NatHERS energy efficiency rating, noise and thermal protective double glazing and solar heating. The open-plan design offers modern living with special features including stone benchtops, glass splashbacks, refuse chutes and the choice of three different interior colour schemes.

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<h2>#2 AFFINITY AT THE SPRINGS</h2>

<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/welcome-header.jpg" rel="gallery-all" title="Credit: Hillam Architects"><img alt="Credit: Hillam Architects" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/welcome-header.jpg?itok=aOjZct0z" style="width: 580px; height: 289px;" title="Credit: Hillam Architects"></a>

<figcaption>Credit: Hillam Architects</figcaption></figure><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/150623-affinity-living-to-city-light-upgrade-final-5000-cmyk.jpg" rel="gallery-all" title="Credit: Hillam Architects"><img alt="Credit: Hillam Architects" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/150623-affinity-living-to-city-light-upgrade-final-5000-cmyk.jpg?itok=39tD3j4i" style="width: 580px; height: 325px;" title="Credit: Hillam Architects"></a>

<figcaption>Credit: Hillam Architects</figcaption></figure>Architect: Hillam Architects

Developers: Dragon Century

Location: 3 Hawksburn Road, Rivervale

The Hillam Architects-designed Affitinty apartments provide the perfect resort-style living only 3km from Perth CBD. Complete with pool, spa, cabana, gym, bbq, yoga zone and bike parking, Affinity’s exceptional amenity offering is a rare find for such affordable apartments, priced from $279,000. The apartments are perfectly positioned along Swan River, with stunning views of the city and beyond.

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<h2>#3 VICINITY APARTMENTS</h2>

<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/print_97_12_junction_blvd_cockburn_central_12.jpg" rel="gallery-all" title="Credit: Frasers Property"><img alt="Credit: Frasers Property" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/print_97_12_junction_blvd_cockburn_central_12.jpg?itok=G9XhZbxS" style="width: 580px; height: 387px;" title="Credit: Frasers Property"></a>

<figcaption>Credit: Frasers Property Australia</figcaption></figure><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/print_97_12_junction_blvd_cockburn_central_1.jpg" rel="gallery-all" title="Credit: Frasers Property"><img alt="Credit: Frasers Property" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/print_97_12_junction_blvd_cockburn_central_1.jpg?itok=HEsMpjGq" style="width: 580px; height: 387px;" title="Credit: Frasers Property"></a>

<figcaption>Credit: Frasers Property Australia</figcaption></figure>Developers: Frasers Property Australia

Location: 2 Signal Terrace, Cockburn Central WA

Located only 30 mins from central Perth and 20 mins from Freemantle, Vicinity apartments are located in the Cockburn Living complex and offer one-bedroom apartments from just $262,500.

The apartments, delivered by Frasers Property, have been designed with a sustainable focus, featuring light sensors; WELS rated fixtures and Waterwise native landscaping and gardens; solar panels and energy-efficient lighting. Vicinity apartments also feature Smeg appliances, stone kitchen benchtops and air-conditioning.

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<h2>#4 PALMYRA APARTMENT ESTATE</h2>

<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/lawn-area-5k.jpg" rel="gallery-all" title="Credit: Finbar"><img alt="Credit: Finbar" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lawn-area-5k.jpg?itok=xCqdJwzT" style="width: 580px; height: 326px;" title="Credit: Finbar"></a>

<figcaption>Credit: Finbar</figcaption></figure><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/lifestyle-pool-render.jpg" rel="gallery-all" title="Credit: Finbar"><img alt="Credit: Finbar" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lifestyle-pool-render.jpg?itok=aj2oclAF" style="width: 580px; height: 488px;" title="Credit: Finbar"></a>

<figcaption>Credit: Finbar</figcaption></figure>Developers: Finbar

Location: 45 McGregor Road Palmyra

Palmyra Apartment Estate is a low-rise collection of 5 buildings surrounded by lush landscaped gardens and exceptional communal amenity. On offer to residents is a 25-metre lap pool, commercial-grade gym, spa, sauna, residents lounge and pool table. The residence is located just 10 minutes drive from the Garden City Shopping Centre. Enjoy affordable luxury just 6 mins from Freemantle and 24 mins from Perth CBD from just $300,000.

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<h2>#5 VANTAGE</h2>

<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/141013-riverdale-v01-street-final-2000_1520x2000_acf_cropped_1520x2000_acf_cropped-950x0-c-default.jpg" rel="gallery-all" title="Credit: Hillam Architects"><img alt="Credit: Hillam Architects" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/141013-riverdale-v01-street-final-2000_1520x2000_acf_cropped_1520x2000_acf_cropped-950x0-c-default.jpg?itok=WceTj-34" style="width: 580px; height: 763px;" title="Credit: Hillam Architects"></a>

<figcaption>Credit: Hillam Architects</figcaption></figure><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/image_36.jpg" rel="gallery-all" title="Credit: Hillam Architects"><img alt="Credit: Hillam Architects" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image_36.jpg?itok=STBxH3s-" style="width: 580px; height: 435px;" title="Credit: Hillam Architects"></a>

<figcaption>Credit: Hillam Architects</figcaption></figure>Architect: Hillam Architects

Developers: Edge Visionary Living

Location: 60 Riversdale Road, Rivervale

Vantage apartments are situated right on the riverfront and within walking distance to Perth Stadium and the CBD. Buyers are invited to choose from a selection of 3 luxury interior schemes. Each apartment features 2.7m ceiling heights, AEG appliances, reverse cycle ducted air conditioning and spectacular views from the city to the hills. Residents may book communal facilities such as the fully equipped theatre room for private events. One-bedroom apartments priced from $385,000.

 

Disclaimer: Prices are subject to availability and could change. <a href="/contact">Contact us</a> so we can put you in touch with the sales agent.
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Olivia Round

5 Perth apartments under $385k

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The Perth market is an example of how misleading – and indeed worthless – are the price figures published by research firms and mindlessly recycled by media.
According to most of the generalised data (one figure to describe an entire large city), Perth prices are down – but an in-depth analysis shows there are growth markets sprouting across the Perth metro area.
Domain, the ABS, SQM Research and realestate.com.au report that Perth houses prices, in annual terms, are down by between 2.2% and 3.6%. CoreLogic, always the odd one out with more negative numbers, says Perth is down 7.6%.
But our suburb-by-suburb analysis shows that those generalised figures tell us nothing that’s useful. Against a background where most of the market data depicts recovery, 40% of Perth suburbs have median prices higher than a year ago.
Overall, the Perth market is the strongest it’s been since it lapsed into downturn five years ago (in general alignment with events in the resources sector). Vacancies are down (from 4.1% a year ago to 2.9% now, according to SQM), rents are rising again (according to most sources, including rent.com.au, SQM and the REIWA) and sales activity is up (there are more suburbs with rising buyer demand than at any time in the past five years). 
Recovery is under way – and this is starting to deliver price growth in some markets.
Our suburb-by-suburb analysis of 216 Perth markets shows that 85 have median prices higher than a year ago (58 have risen by less than 5% and 27 have risen 5% or more) and 131 suburbs have medians still lower than a year ago (72 are down by less than 5% and 59 have dropped 5% or more).
That means 40% of Perth suburbs have rising prices and 60% still have prices down.
Many of the locations with price growth are upmarket areas. Growth suburbs with median house prices above $1 million include Claremont (up 18%), Ardross (up 5%), East Fremantle (7%), Floreat (5%)_, Mosman Park (8%), South Perth (5%), Subiaco (7%) and West Leederville (10%). But the standout market is Mount Pleasant, where the median has risen 26% to $1.27 million in the past year.
Beyond the millionaire suburbs, growth markets include Brabham (up 21% to $395,000), Kensington (up 19% to $895,000) and West Perth (up 16% to $750,000).
There are also a number of suburbs which have recorded double-digit declines in their median prices. They are spread across the metropolitan area and the various price ranges, but a standout struggle market is the Kwinana LGA in the south, a noted affordable area for young buyers. Sales activity is down, against the general rising trend in Perth, in several Kwinana suburbs - and median prices are down in Bertram (7%), Leda (11%), Medina (6%), Orelia (17%) and Parmelia (10%). Most of these suburbs now have medians in the low-to-mid $200,000s, making it the cheapest precinct in the Perth market.
Overall, however, the data on prices across Perth is the most positive it has been in five years.
The outlook is even more optimistic when we examine sales activity. The number of suburbs with upwardly-mobile markets (53) is a record for Perth since we began our quarterly sales surveys four years ago.
The trend continues to be led by standout LGAs like Joondalup, Melville, Stirling and Wanneroo, with the Canning LGA emerging recently as a new growth contender.
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au" target="_blank">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
 
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terryryder-YECXbqmri2

Where the Perth property market is on the rise: Terry Ryder

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The family of Malaysian billionaire Chiu Chi Wen has clocked up Perth's highest house sale since 2017.
They've spent $15 million on the Mosman Park home of a local estate agent.
It was built in 2006 after the 1070 square metre Chine Place holding had been bought for $4.05 million in 2003 from geologist Dr Douglas Dunnet.
The home, sold off-market, sits near Chiu Chi's wellness centre.
The family sold their Peppermint Grove home for $7.75 million late last year.
Chiu Chi's investment in Perth began over two decades ago when his family group Hawaiian acquired the Parmelia Hilton.
He also owns Broome's Cable Beach Club.
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Malaysian billionaire spends $15 million in Perth's Mosman Park

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Perth’s residential market is now at a turning point, according to a new report.
Vacancy is below the supply equilibrium at 3% and several market drivers - including a growing population, an improving WA economy on the back of a resurgent mining sector, and first home owner grants - are likely to underpin further demand, according to independent valuer and advisor m3property. 
Commenting following the release of its latest National Residential Development 2019 report, m3property national director residential development, Luana Kenny, said the Perth market was no longer considered to be oversupplied. 
"After peaking at 7.3% in June 2017, Perth dwelling vacancy fell to 2.8% in December 2018 which is below the supply equilibrium (according to REIWA)," said Kenny.
"While pockets of oversupply remain, Perth looks to have turned the corner. 
"With the population growing at an average 32,000 people per annum and the potential for additional growth as a result of potential changes to Federal immigration policy and growth in the mining sector, the five year outlook is looking decidedly positive. 
"We have already seen significant growth in lot prices since mid-2018 and that will ultimately drive up dwelling values."
She said house prices were expected to rise by 1% to 3% in 2019 and increase by 2% to 6% over the next five years, however new apartment supply, including the revitalisation of Elizabeth Quay, may result in an oversupply of apartments and a fall in prices in that sector over the medium-term. 
According to the report population growth is expected to increase by 1% to 1.8% per annum until 2027 (22,800-42,700 people per annum), while changes to immigration policy designed to push new migrants out of Sydney and Melbourne may result in further increases keeping vacancy fairly stable over the next five years. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/11/perth%20.jpg" alt=""> 
M3property national director research, Jennifer Williams, said Perth could well see more growth in land values driven by the WA Government’s focus on in-fill development sites. 
"We have seen double digit growth in land values in the six months to December 2018, and with the State Government focused on infill development, which is expected to limit the release of greenfield sites, we may see further upward pressure on land values over the next five years," Williams said. 
She said demand for infill land is expected to account for around 45% of new sites by 2023 according to the WA government. 
"Higher price points are likely to make infill developments more attractive to developers and authorities looking to capitalise on existing infrastructure and that should result in upward pressure on dwelling values," Ms Williams said.
Williams said the First Home Owners (FHO) Grant was still available in WA.
As of November 2018, first home buyers accounted for 25% of dwelling finance according to the ABS, and was expected to continue to rise as a percentage of total buyers in Perth, accounting for 27% of all dwelling finance approvals by late 2019. 
"The FHO grant will be another factor that will help to drive price growth in 2019 as buyers seek to take advantage of a greater level of affordability in the market," Williams said.
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Perth at a turning point as vacancy dips

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A Hope island apartment is set to go under the mortgagee auction hammer on April 3.
The two bedroom three bathroom unit features one underground parking space. 
Mark Worthington of LJ Hooker holds the listing.
Situated at <a href="https://www.realestate.com.au/property-unit-qld-hope+island-130660170" target="_blank">1106/2 Activa Way</a> it is part of the Azzura Greens development.
With 155 sqm of floorspace, the property is inside the Hope Island Resort community.
Located adjacent to the Tennis Academy &amp; links to the Hope Island Golf Club it features a verandah.
Last sold in 2008 the apartment traded for $506,450.
It was listed as recently as 2017 initially asking for offers from $362,000 before reducing the price guide to $350,000 and being taken off market after 54 days.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt="">
The median price for a home in <a href="/developments/hope-island-qld-4212">Hope Island</a> is $972,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -2.5%.
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Hope Island, QLD apartment going under mortgagee auction hammer

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Accor is launching TRIBE a new brand in the lifestyle hotel sector.
This new hotel brand is designed for the midscale market.
TRIBE currently consists of one address (with 126 rooms) near the botanic garden at Kings Park, Perth, Australia – one of the largest inner-city parks in the world.
Ten other openings are already scheduled to take place by 2022 in Europe and Asia Pacific, totaling more than 1,700 rooms.
Gaurav Bhushan, chief development officer at Accor said, “The pipeline of over 50 hotels currently being negotiated for the coming years leads us to believe that the TRIBE brand will achieve significant growth all over the world including in gateway locations such as Paris, London, Singapore, Dubai Bangkok."
"It will be making its debut in 150 international destinations by 2030.”
In their rooms, guests will benefit from under-bed storage, Smart TV's and a Grab &amp; Go station which is available 24/7.
One night in Tribe Perth for a one bedroom "comfort room" cost's around $189.
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Accor launches new lifestyle brand TRIBE

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Forty-nine per cent of dwelling sales in Perth occurred below $500,000 in February, according to the latest reiwa.com data.
REIWA President Damian Collins said while CoreLogic’s Home Value Index showed prices in Perth had declined 1.5 per cent to $438,952 in February, reiwa.com data shows the composition of sales during the month favoured the lower end of the market.
Mr Collins said almost half of all transactions occurred below $500,000 in February, "which is a trend we’ve observed for the last three months."
"When we take a closer look, 32 per cent of sales last month were between $350,000 and $500,000, while 17 per cent were below $349,000."
“Traditionally, when there is a greater proportion of activity occurring below $500,000, this indicates first home buyers are on the move,” he added.
Perth’s top selling suburbs in February were Baldivis, Morley, Willetton, Canning Vale and Dianella.
A four bedroom Baldivis house has been recently sold for $430,000 (pictured below).
Situated at <a href="https://www.realestate.com.au/sold/property-house-wa-baldivis-129894738" target="_blank">50 Tribute Vista</a>, the family home comes with four bedrooms, over 235sqm of living space, enclosed theatre room and kitchen with big island bench. 
It's located close to primary schools, parks, shops and transport options.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/baldivis%201.jpg" alt="">
Another $485,000 sale at Baldivis was a four bedroom display home with a reduced price of $485,000 (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-wa-baldivis-127679374" target="_blank">Located at 1 Morwell Loop</a>, the house consists of four bedrooms, large open living and dining areas, separate formal lounge or home theatre, and manicured gardens.
Other features include quality tiles, high ceilings, glass sliding doors in the living area, and double garage with remote door. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/baldivis%202.jpg" alt="">
Reiwa.com data shows there were 13 suburbs that saw sales activity increase in February; Karrinyup, Bayswater, Hamilton Hill, Sorrento, Aveley, Waikiki, Tapping, Morley, Ocean Reef, Mullaloo, Yangebup, Rockingham and Greenfields.
Duncraig, Willetton, Palmyra, Doubleview and Padbury, Woodvale, Scarborough, Ocean Reef, North Perth and Sorrento were the 10 fastest selling suburbs in February, all recording average selling times below the Perth average of 76 days.
A three bedroom Palmyra cottage was sold for $505,000 in February (pictured below).
Sitting on a elevated block, the cottage at <a href="https://www.realestate.com.au/sold/property-house-wa-palmyra-129966298" target="_blank">107 Cleopatra Street </a>comes with three bedrooms, large formal living room, kitchen with original Warren No.1 cooker, and large private rear alfresco. 
The post war cottage has the original features including timber boards, high ceilings and Jarrah trimmings. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/plamyra.jpg" alt="">
Another three bedroom house at Padbury with extensive inland view has been recently sold for $475,000 (pictured below).
Located at <a href="https://www.realestate.com.au/sold/property-house-wa-padbury-129916742" target="_blank">30 Kennedy Way</a>, it comprises of three bedrooms, spacious living and dining room, modern ktichen with dishwasher, game room and pool.
It's only 5 minutes stroll to Whitfords Shopping Centre, and close to schools, parks and transport.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/padbury%202.jpg" alt="">
 
“Seven of these fastest selling suburbs have median house prices above $600,000, which indicates buyers are needing to act quickly in Perth’s trade-up and luxury markets to ensure they secure the property,” Mr Collins said.
Perth rental market
There were 37 suburbs in Perth that saw their median rent price increase during the month.
The five suburbs to record the biggest increase in median rent (percentage wise) were Cottesloe, Shenton Park, Kingsley, East Fremantle and Redcliffe.
Mr Collins said while Perth’s overall median rent price continued to hold at $350 per week, it was encouraging to see a substantial portion of suburbs start to see positive price movement.
“Perth’s overall median rent has been stable for an unprecedented amount of time. With an increasing number of suburbs starting to see rents increase, it’s only a matter of time before the Perth median rent follows suit, which will be a welcome development for landlords,” he stated.
75 suburbs recorded an increase in leasing activity, with Bull Creek, Queens Park, Parkwood, Wilson and Willetton seeing the most growth in February.
Mr Collins said, “on an annual basis, leasing activity in the overall Perth market is up six per cent compared to last February."
"As we head into March, which is traditionally one of the busiest months of the year for the rental market, we should see tenant activity continue to build, creating more competition in the market and putting upward pressure on rents,” he concluded.
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Half of all home sales in Perth were below $500,000: REIWA

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Perth's the first major office transaction of the year, The $86 million sale of ENI House, paves the way for a billion-dollar 2019, according to CBRE.
The seven-level, A-grade office building, located at 226 Adelaide Terrace in Perth’s eastern CBD precinct, is fully leased to the Federal Government and corporate tenants.
These include Wood &amp; Grieve Engineers and ENI Australia Ltd.
CBRE’s Aaron Desange and Flint Davidson, jointly with JLL’s John Williams and Sean Flynn completed the sale to WA-based property fund manager, Primewest.
Mr Desange said “The lease expiry profile of ENI House was a major drawcard for investors, with it providing ideal timing to capitalise on improving market conditions over the next two – three years, when the office leasing market will not only be more robust, but in a strong growth phase."
Mr Williams said Western Australia would continue to be a preferred destination for offshore investment in 2019, with several Asia Pacific capital cities close to approaching their peak in the cycle.
“In Perth specifically, Asian investors have dominated the value-add space, as they are able to be more aggressive in deals with vacancy risk or capital expenditure requirements through their cheaper cost of capital. They are also attracted to our low sovereign risk and comparatively high yielding assets,” he added.
CBRE Research expect Perth to benefit from a strong spike in rental growth over the next five years – more so than any other Australian city.
Over the next three years, premium net effective rents are forecast to increase by 56.3% and A-grade rents are tipped to lift by 41.6% - largely due to a reduction in incentives.
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ENI House is Perth's first major office transaction of 2019

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A historic Perth hotel, the Paddington Ale House, is being offered for lease. 
Located at <a href="https://www.commercialrealestate.com.au/property/141-scarborough-beach-road-mount-hawthorn-wa-6016-12925310" target="_blank">141 Scarborough Beach Road, Mt Hawthorn</a>, the Paddington Ale House comprises a trading area of 1,676 sqm.
It is positioned on a corner block.
Built circa 1932, the hotel consists of a restaurant, bar, alfresco dining, and accommodation rooms.
The Paddington Ale House is licensed to hold 520 patrons.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/20/Ale-House.jpg" alt="">
CBRE’s Ryan McGinnity and Chloe Mason have been appointed to market the long-term lease for the venue via an expressions of interest campaign closing March 12.
Mr McGinnity said The Paddo is a Perth institution, "being one of the city’s most well-frequented hotels over its 87-year existence."
"Not only does it benefit from an established reputation, but The Paddo’s position in a strong growth area will underpin its future success as a highly frequented venue."
“The venue’s location, 4km from the Perth CBD, proximity to Leederville, North Perth and Wembley and the potential to obtain a long lease term, all weigh in favour of the offering," Mr McGinnity concluded.
Ms Mason said with the City of Vincent’s population is expected to increase 33% over the next 17 years, local businesses such as the Paddington Ale House would benefit.
Plican Neil Randall sold The Paddington Ale House to his landlord in November 2018.
Mt Hawthorn Hospitality Co directors Robert and Ben Swanson took over.
Neil had owned the ale house for 31 years.
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