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

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A contemporary inner-city Preston office suite has been leased  within one day of it becoming available.
The 525 High Street space is located 500 metres from Preston Train Station, Preston Market and an array of cafes and restaurants.
The ground floor office was leased to CVGT Pty Ltd, an employment services company on a three year lease plus options for $40,000 per annum, equating to a building rate of $239.52 per square metre for the 167 square metre space.
The fully partitioned office further features staff amenities including shower, air-conditioning throughout and secure under cover parking.
John Star of CVA had the listing.
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j.ballantyne1990-6AQqhLzZaK

Preston office suite leased within one day on the market

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A Preston three bedroom unit has been sold by mortgagees for $513,000.
It was sold by Kannan Subramanian and Graham Love from Love &amp; Co.
The property had last traded for $412,000 in 2011.
Set at<a href="https://www.realestate.com.au/sold/property-unit-vic-preston-127010338" target="_blank"> 1/5 Oak Street</a>, Preston, the Victorian home comes with three bedrooms, formal living room and garage.
Northland's transport hub, shopping and schools including primary school and Islamic College are within short distance.
According to CoreLogic, the suburb's median unit price sits on $427,500.
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Preston three bedroom unit sold by mortgagee

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Some five bidders were in the contest for the Preston home of the retired Carlton star Andrew Walker.
The bidding for <a href="https://www.realestate.com.au/property-house-vic-preston-126884130" target="_blank">28 May Street</a> through Hocking Stuart agent Andrew Montalto opened at $1.3 million.
The hammer fell at $1.74 million, coming on the market at $1.56 million.
<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/2017/12/4/walker2.jpg" alt="">
Walker, who played 202 games for the Blues, bought the California bungalow in 2011 and transformed it into a five-bedroom home.
Walker, wife Kylie and their three kids are understood to be moving back to Walker’s hometown of Echuca.
A week ago a large five-bedroom home at 20 Shakespeare Avenue in the Reservoir-abutting corner of the suburb passed in at auction for $1.915 million. It subsequently sold for $2.035 million, the first Preston home to break through the $2 million barrier, Domain reported.
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firstname1-iYD4UYzvBa

Echuca-bound Andrew Walker sells Preston home

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Former AFL Carlton player Andrew Walker and wife Kylie have listed their home in Melbourne’s Preston as he heads back to his home town Echuca, in northern Victoria. 
He will be the town’s player-coach next year in the Goulburn Valley Football League. 
<a href="https://www.realestate.com.au/property-house-vic-preston-126884130" target="_blank">The home has a $1.3 million to $1.4 million guide</a> through hockingstuart agents Andrew Montalto and Lillian Akkari, who have set a December 2 auction. 
The May Street home has five bedrooms, three bathrooms and a designer deck that overlooks the swimming pool on the 505 square metre parcel. 
It cost Walker $640,000 in 2011, the year he was Carlton’s top goalkicker. 
Walker retired in 2016 after 202 games over 12 years in blue.
This article article first appeared in The Weekend Australian. 
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Former Carlton star Andrew Walker lists in Preston

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A site adjacent to Melbourne's Preston Markets and train station has sold for $8 million through Savills.
The 1,761 square metre site at 30 Cramer Street, Preston, is zoned for Flexible Priority Development and currently used as commercial car parking. 
There is a planning permit for a Hayball designed project comprising 95 apartments over 9 levels.
According to Savills’ Clinton Baxter the property was extremely attractive to the development market due to the high local amenity, striking Hayball design, and protected natural light and views from the future project.
“Ultimately a major local developer managed to out-muscle very strong interest from other local and Asia-based developers," he said.
Mr Radisich said the transaction sets a new benchmark for Preston, with a land rate of $4,520/sqm and a rate per approved unit of $81,600/apartment.
 
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jonathanchancellor-7SQnKwU6yx

$8 million Preston development site sale sets new record unit rate 

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A Chinese BBQ restaurant will open up in a High Street building in Preston, following a deal negotiated by Fitzroys.
The two-level, 355 square metre 449 High Street building has a ground floor area of 280 square metres and first floor of 75 square metres.
Terence Yeh struck the terms of the deal with North China BBQ at $108,000 per annum plus outgoings and GST on behalf of a private owner.
Yeh said the property presented a very rare opportunity for a business to a gain a presence in a popular and tightly held area.
“Enquiry came from a range of operators who all recognised the scarcity of this type of offering, including banks, hospitality businesses and service retailers,” he said.
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Chinese BBQ has a taste for Preston

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The Jam Hut recording studio in Carlton has sold for $1.1 million, 40 percent more than the vendor's expectations.
It was a local buyer behind the Preston investment sale two weeks prior to auction.
The 460 sqm property at 569-571 High Street is leased to Jam Hut recording studio, an institution in the Melbourne music community.
It's called the Preston address home since 1978 and the lease runs until 2020.
The sale was secured by CBRE City Fringe and Metropolitan Investments’ Sandro Peluso, Josh Twelftree and Chris Game.
Chris said the strong sale result prior to auction was evidence of the demand for prominently positioned investments with development upside across Melbourne.
“The property drew significant interest from a strong contingent of investors and developers, given the site’s location within the priority development zone, and close proximity to the High Street retail precinct,” he explained. 
 
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Jam Hut recording studio sold above expectations

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Located at the juncture of Thornbury and Preston, and occupying the site address of 9 High Street from which the project derives its name, Nine High is an 8-storey development of 68 apartments by <a href="http://kincaidprojects.com.au/">Kincaid Projects</a> and <a href="http://optimusdevelopments.com.au/">Optimus Developments</a>.

Sitting on the crest of Thornbury Hill with views down High Street, Nine High is a custom designed residential development that seeks to create a sense of place by embracing the rapidly gentrifying Thornbury community. According to the development team the location as a destination is critical to ensuring the project's success in addition to providing a quality product.

Those familiar with the rapidly changing face of the area will be aware of the distinct lack of design character shown by the majority of recent apartment developments completed nearby; something which Kincaid Projects and Optimus Developments have sought to address.

Nine High is a collaboration between Kincaid's in-house designer Joel Martin with <a href="http://www.eadesandbergman.com/">Eades &amp; Bergman</a>'s Wendy Bergman casting her eye over the interior specifications and layouts. Best known as the designer for some of Melbourne's newest hip eateries such as Kong or Meaball &amp; Winebar, Wendy has sought to flood apartments with natural light via a series of atriums and lightwells which puncture the building's volume.

The project team envisions Nine High becoming a benchmark building for the area and an architectural statement with its refined angles expressed in contemporary materials such as off-form concrete, Modwood Soffits, Alucobond cladding and black and gold metallic screens. The building's facade is animated via these operable screens which gives the exterior a kinetic rather than static quality.

The introduction of vegetation to the facade is designed to bring with it a sense of colour and vibrancy and soften the structure while contributing to resident wellbeing.

<blockquote>
Our design vision for Nine High was to create apartments where people can feel connected and develop their own sense of place. We've worked creatively with proportions, angles and materials, filled it with natural light and vegetation.

We believe our use of lush greenery, attractive materials and an elegant colour palette will raise the bar in Thornbury.
<cite>Joel Martin, Designer, Kincaid Projects</cite>
</blockquote>

Designed to be both versatile and functional, Nine High's apartments feature open plan, free flowing living configurations, customised fittings, a feature double-sized pantry and extra large balconies for entertaining, plus garden areas an landscaping designed by Urban Edge. Additionally storage cages are located conveniently on the same floors as apartments rather than with the parking areas.

<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/nine_high_interior.jpg" rel="gallery-all" title="Nine High Interior. © Kincaid Projects"><img alt="" class="image-article-full-width-580px" height="355" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/nine_high_interior.jpg?itok=5Dpy9Qys" title="Nine High Interior. © Kincaid Projects" width="580"></a>

<figcaption>Nine High Interior. Image courtesy Kincaid Projects</figcaption></figure>Kitchens are arranged in a u-configuration and feature dual purpose benchtops which also act as dining tables reducing the requirement for a separate dining table. The apartments also feature other artisenal detailing in the form of custom-made metal pocket shelving within the bathrooms, bento box-inspired vanity tops and wine rack storage in kitchens.

The 68 apartments consist of one, two and three bedroom options with prices starting at $299,000 for a one bedroom apartment to $450,000 for two bedrooms which translates to a rate of $7,500 per square metre. Two retail tenancies will be located at ground level taking advantage of the City of Darebin's streetscape improvement plans for High Street which sees the reduction in number of traffic lanes and provision of bicycle lanes in lieu.

<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/high_street_streetscape.jpg" rel="gallery-all" title="High Street improvement works. Courtesy City of Darebin."><img alt="" class="image-article-full-width-580px" height="408" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/high_street_streetscape.jpg?itok=gmoy_GJp" title="High Street improvement works. Courtesy City of Darebin." width="580"></a>

<figcaption>High Street improvement works. Courtesy City of Darebin.</figcaption></figure><h2>What they say</h2>

<blockquote>
We chose to develop Nine High in the heart of Thornbury-Preston as this is a vibrant part of Melbourne. With its proximity to the city, public transport and High Street's eclectic shops, this strip is full of enterprising young creatives that share our appreciation for this area.

We want to be a part of what's happening, and we're really excited by our vision for Nine High. It's not just another apartment building; it's a unique beautifully designed space that will be a joy to live in, and we're proud to put our names to it.
<cite>Kris Burt, Director Kincaid Projects</cite>
</blockquote>

<blockquote>
Nine High is exactly the right match for us. A project that is not only tempting for the investor's eye, but more importantly a place we, ourselves, would also enjoy calling home. First of all, the location of the rapidly gentrifying Preston-Thornbury area is perfect. On my first site visit I was immediately amazed by the bustling, lively strip of High Street, full of little cafes and shops, just a stone's throw from Nine High.

Second, the building itself is outstanding, with an exterior that will attract the attention of any passer-by, and a beautiful interior design that will fulfill all expectations of even the most discerning buyers. Nine High is so much more than just a great project and we are extremely proud to be involved in its creation.
<cite>Andrew Karpati, CEO Optimus Developments</cite>
</blockquote>

The project has already been well received before its official launch. Onsite hoardings have generated a lot of interest from potential buyers with 60 inquiries being fielded and 10 apartments being reserved over a two day period.

<iframe allowfullscreen="" frameborder="0" height="281" mozallowfullscreen="" scrolling="no" src="https://player.vimeo.com/video/130284174" webkitallowfullscreen="" width="100%"></iframe>

<a href="https://www.propertyobserver.com.au/https://vimeo.com/130284174">Nine High</a> from <a href="https://vimeo.com/user37228590">The Bowery Collective</a> on <a href="https://vimeo.com">Vimeo</a>.
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Laurence Dragomir

Nine High sets a new design benchmark

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The junction marking Thornbury and Preston is set to light up this evening, celebrating a significant development set to happen in the area. A joint partnership between Creative Suburbs and the Darebin City Council, the festival is aimed to light up the area and switch on the minds of residents and visitors alike.

<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/victorholder3.jpg" rel="gallery-all" title="Light projection by Victor Holder at Rainbow Serpent Festival 2015."><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/victorholder3.jpg?itok=Fcmck0f_" title="Light projection by Victor Holder at Rainbow Serpent Festival 2015." width="580"></a>

<figcaption>Light projection by Victor Holder at Rainbow Serpent Festival 2015.</figcaption></figure>On Friday 26th and Saturday 27th June from 6-11pm, the Thornbury and Preston intersection will be curated and lit up by four artists across five locations. The Darebin Projection Festival is part of an initiative with the Darebin City Council to activate the Junction of Preston and Thornbury and celebrate with community the new development(s) and lifestyle opportunities that are set to happen in the area.

Hosted by Creative Suburbs, the event is set to change resident’s perceptions of the once industrial area. The online platform encourages people in local areas to brainstorm and communicate ideas to improve the community. These ideas are steered by Creative Suburbs in the necessary direction needed be taken to have the idea realized, such is the case with the projection festival.

One of the new developments in the area is <a href="http://ninehighapartments.com.au/">NINE HIGH</a>, a new residential building being developed by <a href="http://kincaidprojects.com.au/">Kincaid Projects</a> and <a href="http://optimusdevelopments.com.au/">Optimus Developments</a>. On the night, NINE HIGH will be hosting work from artist Victor Holder that will have a focus on inspiring environmental and social awareness through a practice that is grounded in ways that benefits the community. Originally from Venezuela, Victor has worked all over the world but has called Melbourne his home for the past 15 years.

<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/ninehigh_exteriorps.jpg" rel="gallery-all" title="Nine High Exterior. © Kincaid Projects"><img alt="" class="image-article-full-width-580px" height="453" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ninehigh_exteriorps.jpg?itok=nevuiPjW" title="Nine High Exterior. © Kincaid Projects" width="580"></a>

<figcaption>Nine High Exterior. © Kincaid Projects</figcaption></figure>The NINE HIGH building will have a projected light show on architectonic 3D drawing mix with geometric abstracts forms, animated motion graphic, magical and flowing visuals.

<blockquote>
We are extremely excited to be a part of the Projection Festival. The change and new vision for this area of Thornbury and Preston is fantastic and we appreciate how active the local community are in stimulating the local economy.
<cite>Kris Burt, Kincaid Director</cite>
</blockquote>

Over the two nights there will also be food trucks, a hot chocolate cart and a silent disco for attendees to enjoy. The first of its kind in the area, the Darebin Projection Festival is set to encourage attendees to have a light bulb moment about the exciting improvements that are set to come.

<h2>Darebin Projection Festival</h2>

<dl>
<dt>Dates:</dt>
	<dd>Friday 26th and Saturday 27th June, 2015</dd>
	<dt>Time:</dt>
	<dd>6pm-11pm</dd>
	<dt>Locations:</dt>
	<dd>Thornbury/Preston: 9 High Street, 84 High Street, 188 Plenty Road, 212 Plenty Road, 623 Plenty Road</dd>
</dl>
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Thornbury and Preston light up for the Darebin Projection Festival

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Plans are afoot that would see mixed-use towers of up to 28 levels included within the forthcoming <a href="/new-apartments/preston-vic-3072">Preston</a> Market redevelopment. City of Darebin are currently displaying the Incorporated Plan online which the controlling consortium hopes will be approved, thus enabling/accelerating the market's redevelopment.

<a href="/developers/salta-properties">Salta Properties</a> and project partner Medich Corporation have also requested a change to the Darebin Planning Scheme, with one variation requesting an increase in the maximum building height from 4-10 storeys to 28 storeys over the western part of the site. Should City of Darebin approve this, they will essentially endorse the delivery of multiple towers at potentially 100 metres in height.

<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/Image124.jpg" rel="gallery-all" title="Image © Preston Market Developments Pty Ltd"><img alt="" class="image-article-full-width-580px" height="394" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image124.jpg?itok=eyEtj-af" title="Image © Preston Market Developments Pty Ltd" width="580"></a>

<figcaption>Image © Preston Market Developments Pty Ltd</figcaption></figure><blockquote>
Amendment to the 2007 Incorporated Document is required to respond to contemporary development trends. The primacy of the existing market is improved through a consolidated site location, unencumbered from latter development stages. The public realm is based upon clear connectivity outcomes which will be marked through vibrant public places. The proposed amendment will introduce a diversity of housing morphology including taller high rise apartments.
</blockquote>

Project lead <a href="/architects/nh-architecture">NH Architecture</a> have the intention of creating a highly permeable development with the pedestrian environment the focus of attention. "Internal connections are provided through the Market to reinforce the intricate pedestrian pattern, character and ambience of the traditional Market" according to the Incorporated Plan. A Station Square, Piazza and Forecourt are the key gathering points as planned, with a finer network of smaller scale arcades and lanes akin to those within <a href="/new-apartments/melbourne-vic">Melbourne's CBD</a> feeding into these focal points.

The built form will see office, residential, leisure and entertainment uses incorporated generally over upper levels while mixed uses at ground level are to all street frontages and not internalised. Street frontages are expected to be three storeys, while taller buildings will incorporate podiums.

<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/Image126.jpg" rel="gallery-all" title="Image © Preston Market Developments Pty Ltd"><img alt="" class="image-article-full-width-580px" height="399" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image126.jpg?itok=_aJozNm3" title="Image © Preston Market Developments Pty Ltd" width="580"></a>

<figcaption>Image © Preston Market Developments Pty Ltd</figcaption></figure>A report prepared by Essential Economics earlier this month and delivered as part of the Incorporated Plan holds the following highlights:

<ul>
<li>Total project value of approximately $800 million.</li>
	<li>Construction costs estimated at approximately $550 million.</li>
	<li>Approximately 1,220 full-time equivalent (FTE) construction jobs created.</li>
	<li>10 year project delivery timeframe envisaged.</li>
	<li>Net increase in ongoing employment of 770 jobs relative to the existing on-site employment.</li>
	<li>The redevelopment will hold approximately 1,500 new dwellings.</li>
</ul>
When the redevelopment begins, Preston Market will continue to function. The first of four stages will see a new market built on the site's eastern flank while Mary Street will be augmented to become a new north-south link. Subsequent stages will see the creation of a piazza, Station Square and Centreway.

The Incorporated Plan is available for viewing at <a href="http://www.darebin.vic.gov.au/Page/Page.aspx?Page_Id=10723" target="_blank">City of Darebin's website</a>.
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