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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

WM Residences fills gap in Mordialloc townhouse market

Preston

It was dubbed 'Depreston' by the singer song-writer Courtney Barnett. Not because of the area, it was purely following an open house visit during 2016, dwelling on mortality after visiting a deceased estate.

Barnett was no doubt drawn to Preston for its&nbsp;vibrant culture and diversity, with strong ties to the Chinese, Vietnamese, Italian, Greek, African, Indian and Middle Eastern communities.

A northside gem, Preston is a cultural and foodie’s paradise, beloved by Melburnians for its choice of restaurants, bars, breweries, fashion stores and barbers.

Enjoying a connected lifestyle just 20 minutes from the Melbourne CBD, Due North draws on the suburb’s rich history, delivering 107 apartments to the area.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155342]

Climbing 12 levels, Due North features a mix of one and two and three-bedroom residences, along with a dedicated communal rooftop space, a co-working area in the lobby and three retail spaces.&nbsp;

The façade displays an industrial yet elegant aesthetic, with raw brickwork, exposed concrete, custom metalwork and glass, while internally, the apartments boast an array of stylish features, including timber floorboards, floor-to-ceiling windows, plush carpets in bedrooms, stone benchtops, integrated Baumatic appliances with optional Smeg upgrade and ample storage.

With Due North taking on a sustainable approach, the building has achieved a&nbsp;6.5-star energy-rating, with the environmentally conscious design benefitting the residents' every day lifestyles, while also reducing household energy bills.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155330]

Rooftop solar panels provide a reduction in energy costs throughout the building, while rainwater harvesting and high-performance glazing reduce the need for heating in the cooler months, and cooling in the warmer seasons.

All the apartments also include a bike space, in a bid to cut down transport carbon emissions. The one and three-bedroom apartments are all sold out, with just the two-bedroom units remaining.

[smartcode_project_cta: project_id=5502]

The building has achieved a 6.5-star energy-rating, with the environmentally conscious design benefitting the residents' every day lifestyles, while also reducing household energy bills


alisonwarters@gmail.com

Preston apartments Due North go green with sustainable design 

Construction has commenced on the Preston apartment project, Oak on High.

Developed by M Property, the project takes inspiration from the sites heritage, combined with a modern and future forward design.

“It’s a first-class precinct that will enrich, enliven and complement Preston’s existing scene,” developer M Property note.

[smartcode_project:default project_id=354 project_image_fid=180535]

Straddling the fringe of the vibrant Preston South hub and the Thornbury strip, Oak on High is a curated collection of one, two and three-bedroom residences just eight kilometres from the CBD, designed by St Kilda Architects, Artisan.

The minimal and light filled homes present spacious and considered floorplans that fit the modern lifestyle, with first class fittings and finishes, fundamental security, and sustainable design accentuating this amenity rich and enviable neighbourhood development.

The lower levels of Oak combine tactile metals and grey tone brickwork that reflects the industrial past of Preston.

In contrast, the upper levels are lighter, with modern materiality that blends not only the two distinct sections of the façade, but the residential past and future of the surrounding area.

[smartcode_project:default project_id=354 project_image_fid=180534]

Spread across eight stories, Oak on High will comprise 62 apartments, each adjoining to a spacious balcony, which provides light and cross flow ventilation throughout, as well as acting as extension to the home.

Crowning Oak will be the residential amenity area, complete with a dining room, kitchen barbecue and playground, surrounded by lush, green landscaping that spills over the edge.

The building incorporates the latest technology throughout, with secure and contactless entry, video intercoms, CCTV and secure parking.

Residents will also be at home with a virtual concierge service, which will take care of maintenance requirements, parcel management using smart lockers, bookings for personal household cleaning and dry cleaning, among an array of other errands.

The app will also update residents with the latest building news and community information, as well as acting as a guide to the best nearby restaurants, social events, parks and more.

[smartcode_project:default project_id=354 project_image_fid=180532]

Oak on High has been designed with people and the environment as a priority.

Surpassing development norms, Oak on High achieves an 8.7 Star NatHERS rating, translating to a reduced carbon footprint for residents, as well as a significant cost saving on energy bills.

Drought tolerant plant species that are best suited to the local climate and require little to no sub surface irrigation will be utilised throughout, with planter boxes available for communal use, with edible herbs and citrus trees.

Residents are spoilt for choice, with an abundance of parkland and trails nearby to the site, including the Darebin and Merri Creek Trails, Penders Park, Preston City Oval and All Nationals Park just to name a few.

[smartcode_project:default project_id=354 project_image_fid=180533]

Close to the southern boundary of Preston, Oak on High offers a genuine blend of the traditional Preston and more recent hipster Thornbury vibes.

Funky nooks have melded their way into Preston, with the likes of Benzina Cantina, which combines a love of motorbikes and tacos, while toward Thornbury residents can find the Greek delights of GRK Greek Kitchen and Bar, along with Umberto Espresso Bar and Street Dogz, before stepping to the more traditional High Street which has long been the spot for a cheap and authentic Asian meal.

Less than a 10 minute drive or a short bus trip away, Northland Shopping Centre is the biggest shopping centre in the northern suburbs, with the likes of Myer, H&amp;M, Rebel Sport and some 300 plus fashion and lifestyle stores, as well as a Hoyts cinema.

With a well-connected location and a future-forward design, Oak on High still has a selection of one, two and three-bedroom apartments remaining, with the one-bedders spanning from 82 sqm to the three-bedders at 126.5 sqm.

[smartcode_project_cta: project_id=354]

Surpassing development norms, Oak on High achieves an 8.7 Star NatHERS rating, translating to a reduced carbon footprint for residents, as well as a significant cost saving on energy bills.



Construction commenced on Preston apartment development, Oak on High

Caydon, founded by Joe Russo back in 1999, has hit the market running with its Preston apartments, Due North, with over 70 per cent sold.&nbsp;

Climbing 12 levels with 107 apartments, a rooftop space, a coworking area in the lobby and three retail spaces, Due North is set to be a unique addition to High St, Preston.

[smartcode_project:default project_id=5502 project_image_fid=155330]

Each level will contain a maximum of 12 apartments, designed&nbsp;with the owner-occupier in mind.

Local singles and couples in the hunt for their first home have taken up a crop of the apartments in Due North, with the nearby High Street, which is scattered with bars and restaurants, providing a swathe of highly desired amenity.

With the area experiencing a spat of gentrification, many buyers are seeking two-bedroom apartments, with the increasing flexibility of working-from-home and the need for an office space.

[smartcode_project:default project_id=5502 project_image_fid=155333]

Only a five per cent deposit is required to secure a new home in <a href="https://www.urbandirect.com.au/due-north/?utm_source=article">Due North</a>, with two-bedders starting from $593,000, meaning only a $29,650 deposit needed.

Construction is now underway on the Preston apartments, which are expected to be completed in the first half of 2023, giving buyers even more time to save the remainder of the funds for the property.

Owner occupiers can save on stamp duty for a limited time also, with buyers paying less than $6,000 stamp duty on two-bedroom apartments.

[smartcode_project:default project_id=5502 project_image_fid=155336]

With over 20 years' experience, Caydon has delivered over 4000 projects across Melbourne, including Windsor &amp; Co in Preston, as well as the Ivanhoe, Ettaro in Brunswick East and Only in Flemington.

The group currently have Rise, a two and three-bedroom apartment development in Moonee Ponds for sale, along with Home by Caydon in Alphington.&nbsp;

Home offers two and three-bedroom apartments, with buyers again only requiring a five per cent deposit and&nbsp;move-in slated for spring this year.&nbsp;

[smartcode_project_cta: project_id=5502]

Designed by Caydon's architecture and design team, each level consists of a maximum of 12 apartments, curated with the owner-occupier in mind.



Why first home buyers are snapping up apartments in Caydon’s Due North, Preston development

Caydon's latest apartment offering, Due North, is giving buyers a chance for a rare high-level of amenity in a pocket of Preston that rarely sees such extensive resident facilities within an apartment development.

The stand out space is no doubt the rooftop, with views back to the Melbourne CBD.

[smartcode_project:default project_id=5502 project_image_fid=155331]

The rooftop boasts an infinity edge lap pool, a gym, and barbecue space. It has been designed as an all-encompassing space, fit for work, play and relaxation. &nbsp;

The outdoor gym sits in its own secluded space, complete with weights and aerobics equipment, along with a yoga space taking in the city views.

The entertainment booths and barbecue facilities provide an additional space for residents to unwind and enjoy the surrounding vistas, with dining and entertaining space fit for a range of occasions.

“This clever area&nbsp;not only lets you wine and dine in private, but also serves as the perfect excuse to&nbsp;show off your culinary skills,” Caydon note.

These areas of amenity are bookable through the specially created Caydon HQ residents' app.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155335]

The group noted the recent shift in working lifestyles,&nbsp;reflecting the change&nbsp;in the spaces designed for Due North, which provide more flexibility toward the working from home movement.&nbsp;

And that's been attracting first home buyers and young professionals&nbsp;who are keen on both the Preston location, with its accessibility&nbsp;to the Melbourne CBD, as well as Due North's work from home capabilities - a scarce offering in the Preston market.

The two-bedders at&nbsp;<a href="https://www.urbandirect.com.au/due-north/?utm_source=article">Due North</a> give buyers the chance customise the space - whether that be for a home office, a gym, or an entertainment room -&nbsp;as a flexi room.&nbsp;

The development even features a ground floor co-working space for residents who are looking to switch up their working environment.

[smartcode_project:default project_id=5502 project_image_fid=155330]

All bar one one-bedroom apartments in Due North have now sold.

The two-bedroom apartments, which range in size between 84 sqm and 111 sqm of internal space, start from $593,000.

[smartcode_project_cta: project_id=5502]

The rooftop boasts an infinity edge lap pool, a gym, and barbecue space. It has been designed as an all-encompassing space, fit for work, play and relaxation


Caydon deliver unmatched amenity at Due North, Preston apartments

Buyers of almost every age and demographic have been showing interest in the burgeoning suburb of Preston, now one of Melbourne&#39;s&nbsp;most popular fringe suburbs just nine&nbsp;kilometres north of the Melbourne CBD.

More recently the suburb has been attracting families, due to a growing number of schooling, as well as appropriate-sized housing.

&ldquo;Thanks to a few decades of urban sprawl, Preston is now considered one of Melbourne&rsquo;s hottest northern suburbs. It seems like there&rsquo;s new, hip bars popping up on every corner&rdquo;, Timeout Magazine said.

One of the latest developments set for completion in Preston is&nbsp;Central Preston Gardens, which has completion forecast for late 2021.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179627]

The 16-townhome development is being delivered by the&nbsp;HongKong Sonlam Group and&nbsp;Times Fund.

Situated at&nbsp;223-227 Gower Street, Central Preston Gardens benefits greatly from it&#39;s location, close to T W Blake park, the Preston Oval and the Preston Library.

It is well connected via public transportation as it&#39;s close to Preston Station, Albert Street and High Street.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179628]

There&#39;s new infrastructure in the&nbsp;pipeline 2 kilometers away, with the Victorian Planning Authority currently reviewing plans for a new Preston Market Precinct, taking in 12.5 acres&nbsp;of privately-owned land with integrations with Preston Station and High Street.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179625]

Prices start at $750,000 for a two bedroom townhouse and&nbsp;$900,000 for a three bedder.

[smartcode_project_cta: project_id=108725]

More recently the suburb has been attracting families, due to a growing number of schooling, as well as appropriate-sized housing.



jordan_55689

Why families are now attracted to Preston's more suitable townhouse developments

Due North is the latest development by the respected Melbourne developer Caydon Property, located in the hive of Melbourne&#39;s lively Preston precinct.

Inspired by the industrial past of Preston, the&nbsp;fa&ccedil;ade of the 12-level High Street building features raw brickwork, exposed concrete, custom metalwork and glass.

Caydon aren&#39;t like most developers, whose standard practice is to outsource the architecture and design to an independent firm.

Urban recently sat down with&nbsp;Giuditta De Santis, Caydon&#39;s&nbsp;director of architecture and design, to discuss the Melbourne development.

[smartcode_project:default project_id=5502 project_image_fid=155335]

MK: Due North was managed and delivered by Caydon&rsquo;s in-house team. Why do you think this adds value to the project?

GDS: Working in-house allows us to take full ownership of the project, and helps simplify decision making.

Our team is very experienced and resourceful, and working in-house helps us maintain control of the overall design and ensure material consistency.

[smartcode_project:default project_id=5502 project_image_fid=155330]

MK: What was the design brief for the Architecture &amp; Design Team?

GDS: We wanted to ensure that the interiors reflected the modern yet eclectic vibe of the suburb.

So when looking at finishes and fixtures, we created a contemporary palette of stone, marble, timber flooring and a choice of grey or charcoal colour palettes.

MK: What spoke to you about Due North in particular?

GDS: Due North has a fantastic location, right in the hive of High St. Preston is a very vibrant suburb and has a great amount of local amenities.

We wanted the size of the project to reflect the area, so it&rsquo;s a more boutique-style development. &nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155332]

MK: Due North boasts a number of communal amenities. What are some of the amenities and benefits that residents can expect to enjoy?

GDS: Many of Due North&rsquo;s amenities are located on the rooftop, giving you stunning views of the city - which is quite unusual in this area. There&rsquo;s also a rooftop pool, yoga lawn, outdoor gym, and private entertaining booths with BBQs.

I think this space will be hugely popular with residents, as it allows them to form new connections in a safe and peaceful environment.

Shared spaces create a feeling of community in the building, especially in times where many of us value our immediate community, including our neighbours.

Working from home has also cemented itself in our 9-5 culture, so there are a variety of coworking spaces in the lobby. Each space is equipped with everything you&rsquo;d need to set up your laptop and work from home.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155331]

MK: What design features have you included that the average homebuyer may not notice straight away?

GDS: We really wanted Due North to reflect the current needs of our homebuyers, which is why we have focused on creating ample storage, working from home spaces, and pet-friendly living.

For example, we ensure that there are additional areas for storage when we design a floorplan - such as linen cupboards and fully fitted robes.

[smartcode_project:default project_id=5502 project_image_fid=155338]

In terms of working from home, many of our apartments have a flexi-space that you can turn into a home office, plus there&rsquo;s a coworking area downstairs that is available for all residents to use.

When choosing materials and finishes, we look at what is easiest to clean and can withstand playtime with our furry friends, such as engineered timber flooring and reconstituted stone benchtops.

Plus, all of our apartments have balconies and shared outdoor spaces that both you and your pets can also enjoy.

[smartcode_project:default project_id=5502 project_image_fid=155337]

MK: Were there any challenges during the development or design process that you had to overcome?

GDS: Melbourne&rsquo;s lockdown would be the key challenge we have had to overcome. It&rsquo;s quite hard to collaborate with our suppliers online, plus sourcing materials and samples of finishes was very difficult during this time.

However, in the end, the team really pulled together, and we were able to overcome these issues.

[smartcode_project_cta: project_id=5502]

Caydon director of architecture and design, Giuditta De Santis, discusses the Melbourne development

max.kwok_55688

"The interiors created to reflect the modern yet eclectic vibe of the suburb" - The design details behind Due North, Preston apartments

Construction has kicked off&nbsp;on Due North, the Preston&nbsp;apartment development by the Melbourne property developer, Caydon Property.

Ironside has been appointed as the construction partner for Due North, having previously worked with Caydon on the Preston Windsor &amp; Co project, six-level building of 125 apartments..

Caydon said they are&nbsp;excited&nbsp;to work with Ironside again, a company that has an successful track record in creating quality apartment buildings.

[smartcode_project:default project_id=5502 project_image_fid=155335]

&ldquo;As a leader in multi-residential apartment developments, Ironside has shown strong growth year-to-year in the small to medium size residential space,&quot; a spokesperson for Caydon said.

&ldquo;We have every confidence that Ironside will bring their incredible experience, attention to detail, craftsmanship, and enthusiasm to this project.&quot;

Completion for Due North is slated for mid-2023, with groundworks, including excavation and basement retention, have already begun.

Luke Skurrie, the managing director of Ironside, said the company embraced the opportunity to partner with Caydon once again.

[smartcode_project:default project_id=5502 project_image_fid=155342]

&ldquo;Ironside are thrilled to be awarded Due North. We look forward to delivering another quality development as we continue to build a better Melbourne with&nbsp;Caydon,&quot; Skurrie said.

Located in the hive of Preston South, the focal point of Due North is its impressive rooftop amenity level, complete with a swimming pool with views back to Melbourne.The 12-level develop is located on the popular High Street, jusut 20 minutes from the Melbourne CBD.

Once complete, Due North will home 107 one, two and three-bedroom apartments and three ground-level retail spaces.&nbsp;Over 50 per cent of apartments in the building have already sold.

[smartcode_project_cta: project_id=5502]

Ironside has been appointed as the construction partner for Due North, having previously delivered the Preston Windsor & Co project with Caydon

Caydon Property appoint Ironside to construct Preston apartment development, Due North

The Melbourne developer, Caydon Property, are offering a number of different floor plans for buyers to choose from at their new Preston apartment development, Due North.

There are five different configurations currently available across the 107 one, two and three-bedroom apartments, spread over the 12-level High Street building.

All the three-bedroom apartments have been snapped up.

Due North is crowned by a luxury rooftop space and features a co-working area and three street level retail spaces.

Caydon&#39;s in-house design team designed Due North, with sustainable architecture, with each apartments possessing a 6.5 Star Energy Rating from NABERS.

[smartcode_project:default project_id=5502 project_image_fid=155335]

Urban has taken a closer look at some of the floorplan configurations left at Due North, located only 20 minutes away from the Melbourne CBD and within walking distance from Raglan Street.

1. The 57 sqm, one-bedroom apartments 
Priced from $482,000

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="510" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.09_am.png" width="696" /></a>

The one-bedroom apartments with a built-in home office area at Due North start from 57 sqm and feature&nbsp;an open-plan living and dining area and an L-shaped kitchen.

[smartcode_project:default project_id=5502 project_image_fid=155340]

Kitchens feature reconstituted stone benchtops and splashback, with the choice between two colour schemes, a matte charcoal scheme and a light oyster grey scheme.

There&#39;s a further&nbsp;11 sqm balcony.

2. The 74 sqm, two-bedroom apartments 
Priced from $605,710

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="490" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.22_am.png" width="680" /></a>

Residents have a number of different floorplans to choose from across the&nbsp;61 two-bedroom, two-bathroom apartments on offer.

Offered with a car space, one of the&nbsp;two-bedroom apartment floorplans has&nbsp;74 sqm and features&nbsp;a master bedroom with ensuite and built-in robes.

[smartcode_project:default project_id=5502 project_image_fid=155333]

The home, which includes a 10 sqm balcony and an open-plan living and dining area, has floor-to-ceiling windows, timber flooring and Baumatic appliances.

There is an option to upgrade appliances to Smeg, as well as elevate your living with a choice of larger balcony, island bench with breakfast bar or add a second parking space.

3. The 82&nbsp;sqm, two-bedroom apartments 
Priced from $729,906

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="602" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.43_am.png" width="802" /></a>

The largest apartments on offer at Due North are 82&nbsp;sqm, and have two bedrooms, set privately on the opposite sides of the apartments, and a home office space.

[smartcode_project:default project_id=5502 project_image_fid=155332]

The apartments&nbsp;also have&nbsp;a 25 sqm, north-facing balcony that runs the full length of the apartment, opening out from the&nbsp;both the living space and master bedroom.

These apartments come with two parking spaces.

[smartcode_project_cta: project_id=5502]

Urban takes a look at three floorplan configurations that characterise the living experience at Due North

Floorplan focus: Caydon Property offer buyers multiple configurations at Due North, Preston apartments

The team at the Melbourne development company Caydon Property have ranked shared amenity as a priority in their new Preston apartment development, Due North.

&ldquo;There&rsquo;s been a shift in the way we work, which has been reflected in the spaces we&rsquo;ve designed for Due North&rdquo;, Caydon Architecture &amp; Design director, Giuditta de Santis, told Urban.

The working from home trend has seen Caydon create a co-working space in the lobby of the 12-level, 107-apartment development on the sought-after High Street.

[smartcode_project:default project_id=5502 project_image_fid=155330]

The rooftop is the focal point of the resident amenity.

There&#39;s space for a work-out, with a dedicated yoga lawn and gym area with weights and aerobics equipment.

The tiered rooftop also features an infinity pool with views to Melbourne, reminiscent of luxury pools found in Australia&#39;s best penthouses.

[smartcode_project:default project_id=5502 project_image_fid=155342]

Also on the roof is built-in seating and barbecue areas for entertaining.

There will be three retail spaces on the ground floor, offering the ultimate convenience for residents. Due North also has a walk score of 91, putting residents within walking distance of a number of bars and restaurants, as well as partklands and schools.

[smartcode_project:default project_id=5502 project_image_fid=155335]

All apartments come complete with a bike space, to help residents cut down on transport carbon emissions and encourage the exploration of the local surrounds.

Resident at Due North can &ldquo;live clever&rdquo;, thanks to the&nbsp;Caydon app that&nbsp;will help residents&nbsp;request repairs,&nbsp;reserve shared spaces, and even pay some of their bills.

Prices at Due North start from $352,000.

[smartcode_project_cta: project_id=5502]

“There’s been a shift in the way we work, which has been reflected in the spaces we’ve designed for Due North”, Caydon Architecture & Design director, Giuditta de Santis, said.

Shared spaces designed to connect residents in new Preston apartments, Due North

First home buyers and investors&nbsp;have shown considerable&nbsp;interest in Due North, the Preston apartments currently under construction by Caydon Property.

The $352,000 asking price for the one-bedroom apartments is around $200,000 less than the median apartment price in Preston, according to the latest data from SQM Research.

The two-beds start from $590,000.

Set on the sought-after High Street, Due North will home a mix of 107 one and two-bedroom apartments.

[smartcode_project:default project_id=5502 project_image_fid=155332]

Preston is one of Melbourne&#39;s most popular fringe suburbs, nine kilometres north of the Melbourne CBD.

&ldquo;Thanks to a few decades of urban sprawl, Preston is now considered one of Melbourne&rsquo;s hottest northern suburbs.&nbsp;It seems like there&rsquo;s new, hip bars popping up on every corner&rdquo;, Timeout Magazine said.

[smartcode_project:default project_id=5502 project_image_fid=155331]

Due North has an enviable walk score of 91, with a number of&nbsp;bars, cafes, restaurants,&nbsp;retail, schools and parklands nearby.

The apartments are attracting investors, with vacancy rates seeing a steep decline from earlier in 2021. Rates now sit at around two percent, and are expected to continue to drop as international border opening draws near.

There&#39;s new infrastructure in the pipeline, with the Victorian Planning Authority currently reviewing plans for a new Preston Market Precinct, taking in 5.1-hectares of privately-owned land with integrations with Preston Station and High Street.

[smartcode_project:default project_id=5502 project_image_fid=155337]Interest in new infrastructure and great lifestyle opportunities makes the area worthy of investment, say the developers.

&ldquo;Preston is growing, fast &mdash; and we&rsquo;re not surprised&rdquo;, Caydon Property said.

&ldquo;Population density is increasing, seeing a surge in demand for apartments with a downturn in traditional houses.&rdquo;

<img alt="" height="850" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-12_at_1.31.07_pm.png" width="1492" />

Designed by Caydon&rsquo;s in-house design team, Due North draws inspiration from the suburb&rsquo;s industrial past, featuring raw brickwork, exposed concrete, custom metalwork and glass.

It will rise just the 12 levels, and will feature a&nbsp;rooftop space with a resident swimming pool, a co-working area in the lobby, and three street-level&nbsp;retail spaces.

The development is slated to reach completion in mid-2023.

[smartcode_project_cta: project_id=5502]

Set on the sought-after High Street, Due North will home a mix of 107 one and two-bedroom apartments

Preston

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Preston

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News