<a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a> has teamed up again with Mitsubishi Estate Asia (MEA),and Nippon Steel Kowa Real Estate (NSKRE) to deliver a luxury residential development at their recently acquired Liverpool Street site on Hyde Park.

The acquisition of the site at 175 Liverpool Street, which is subject to conditions precedent, is intended to be developed as two luxury residential towers with up to 300 apartments for sale and 2,000 square metres of retail and commercial space, subject to planning consents. It will have a development end value of more than $2.5 billion.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="64046de8-dce1-4e7f-9505-06ef4437364c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2006-min.jpg?VersionId=bfsiXEXMClymct.ZHzXSSnoizQ2WZZhZ" />

Under the terms of the agreement, MEA will take a ~33 per cent equity share in the joint venture, and NKSRE a ~17 per cent share.&nbsp;

Centrally located in Sydney’s CBD at the southern end of Hyde Park, residences at 175 Liverpool Street will offer north-facing expansive views across 16 hectares of green space through to the Opera House and Sydney Harbour.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="5a4def90-5fea-4431-84b0-996d3418a601" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2005-min.jpg?VersionId=ccv3yi6X88348qBlzcJByWJXZegu.ngf" />

The project builds on Lendlease’s strong success in Sydney’s luxury residential market and marks the seventh partnership between Lendlease and MEA; previous and current projects include One Sydney Harbour, One Circular Quay and One Darling Point in Sydney, and East Tower residences at Melbourne Quarter.

It also marks the second venture between Lendlease and NSKRE, with build-to rent development 899 Collins at Victoria Harbour in Melbourne currently in delivery.

Construction of 175 Liverpool Street is targeted to commence in 2027.

Tom Mackellar, CEO Development, Lendlease,&nbsp;said the&nbsp;acquisition of 175 Liverpool Street "builds on our success in Sydney’s luxury residential market, as we continue to add to our development pipeline in Australia.”

“We look forward to working alongside our trusted development partners, Mitsubishi Estate Asia and Nippon Steel Kowa Real Estate, on this landmark development in one of Sydney’s most sought-after locations.”

Joel Robinson

Lendlease announces partners for its $2.5 billion luxury development on Hyde Park

Brisbane developer Zen Group has received development approval for its dual-tower apartment project in West End.

The approved plans for&nbsp;<a href="https://www.apartments.com.au/new-apartments/24-duncan-street-west-end-qld-4101">24 Duncan Street</a>&nbsp;are for&nbsp;two 17-storey towers comprising 202 apartments, ranging from one-bedroom plus study configurations through to three-bedrooms.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/bettspartners">Betts + Partners</a>, the development is grounded in a climate-responsive and contextually sensitive approach, aiming to reinforce the emerging identity of the West End Riverside South precinct.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Duncan%20Street.png?VersionId=.A9VkekWac99LJ7L8mqewo7AAsg4Vwb_" />

“The contextual design strategy is to celebrate the qualities found within the established <a href="https://www.apartments.com.au/developments/west-end-qld-4101">West End</a> suburban character,” Betts + Partners noted in the Architectural Design Report, “providing elevated high-quality subtropical apartment living with exceptional communal recreational amenity.”

The project includes a 2,600 sqm rooftop offering a comprehensive suite of resident amenities: three pools, a fitness centre, cinema room, private dining rooms, lounges, a library, and wellness facilities including hot and cold plunge pools, pilates, a sauna and a contemplative garden.

On the ground plane, active retail frontages along Duncan and Rogers Streets will sleeve ground-floor services and visitor parking. The two-level podium integrates green walls, planters, and textured façades, contributing vertical greenery and softening the street interface.

<img alt="West End set for climate-responsive apartments" 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/Duncan%20Street%20rooftop.png?VersionId=MzXW0hkOghQmE0HLxzI5iUwNNY6OfrVa" />

Apartments are oriented for privacy and outlook, with operable glazing and brise soleil elements supporting passive climate control. Balconies and structural articulation are designed to optimise light, airflow and private open space. “Each quality is reinterpreted in the sectional and plan parti and manifest in the three-dimensional building expression,” the architects said.

Located within a three-minute walk of the Brisbane River and in close proximity to local amenities including ALDI and Davies Park, the project reflects West End’s growing appeal to owner-occupiers seeking proximity to lifestyle amenity and urban vibrancy.

The development also aligns with Brisbane City Council’s broader planning vision to become a “New World City” by 2031, promoting a globally recognisable subtropical lifestyle through contextually responsive design.

[smartcode_project_cta:default project_id=146254]

200 "climate-responsive" apartments set for West End as Zen Group given green light

The ever-growing Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has commenced construction on its third project this year.

The new $640 million development, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a>&nbsp;in Crows Nest, is Deicorp's&nbsp;first foray into Sydney’s Lower North Shore and will deliver 188 apartments in a new landmark building, with 48 dedicated to Affordable Housing.

Since December, <a href="https://www.apartments.com.au/builders/deicorp-construction">Deicorp</a> has commenced construction on four projects in total that will deliver over 2,000 homes, maintaining their track record of quickly converting development approvals into commencements.&nbsp;

<img alt="Falcon &amp; Alexander" data-entity-type="file" data-entity-uuid="f17b79a0-db7b-48bc-835f-e9b3e3117561" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.13%E2%80%AFPM.png?VersionId=.UKl.uSBs9zOeElc6jNUeuBB8EMAD5HP" />

&nbsp;

Located a five-minute walk from the new Crows Nest Metro station, prominently positioned at The Five Ways on Pacific Highway, Falcon &amp; Alexander will deliver an exclusive collection of architecturally designed one, two and three-bedroom apartments, with prices starting from $1.3 million.

Conceived by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, Falcon &amp; Alexander will create a vibrant vertical village in the heart of one of Sydney’s most connected neighbourhoods. Thoughtfully arranged around a central atrium and lush communal gardens, residences will enjoy panoramic views over Sydney Harbour and the Lower North Shore, with interiors designed for modern, light-filled living.

Residents will benefit from premium amenities, including a resident-only skygarden, and boutique retail and dining spaces on the ground floor, all integrated with the local urban fabric.

&nbsp;

With the Crows Nest Metro station just steps from home, residents will enjoy unrivalled connectivity across Sydney’s transport network, placing everything from world-class dining to premier education and healthcare within easy reach.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="292460e8-2bc9-47c5-8805-cf59570972a2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.22%E2%80%AFPM.png?VersionId=UUerYKJzOGzpXyDv1nMlrV_oi6lUyiMS" />

Deicorp Founder Fouad Deiri said Falcon &amp; Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore.&nbsp;

“This is a community we deeply respect, and we’re proud to contribute with a project that reflects the character, energy, and potential of Crows Nest,"&nbsp;Deiri said.

“This is an iconic location, and a great location deserves a great design. With Falcon &amp; Alexander, we’re delivering more than just apartments; it will be a new landmark for Crows Next that not only delivers housing but will benefit the community with an activated retail offering."

[smartcode_project_cta:default project_id=135323]

Deicorp Founder Fouad Deiri said Falcon & Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore

Deicorp breaks ground at Falcon & Alexander, Crows Nest apartments

One of the primary characteristics of a university campus is its location in high-amenity, well-connected suburbs, as it caters to the thousands of students who walk through its doors every day.

It’s this enviable central location that makes Hamton’s newest neighbourhood so appealing to discerning buyers. The 1.6-hectare site was formerly home to a University of Melbourne campus.

This relocation paved the way for <a href="https://www.apartments.com.au/developers/hamton">Hamton</a>, best known for their $3 billion joint venture development Moonee Valley Park, a vibrant new residential community emerging around the Moonee Valley Racecourse.

[smartcode_project:default project_id=149097 project_image_fid=327680]

<a href="https://www.apartments.com.au/new-apartments/scotch-hill-gardens-hawthorn-147-robinson-road-hawthorn-vic-3122">Scotch Hill Gardens</a> benefits from excellent transport connections and local amenities, further enhanced by the revitalisation of Bills Street delivered as part of the development. Thanks to its history as a university campus, the site is within five minutes of Glenferrie and Auburn Villages and 10 minutes to Kooyong Station.

In addition, the site lies within the prestigious Scotch Hill catchment, which includes highly sought-after educational institutions such as Scotch College, Bialik, and Auburn Primary and Auburn High. This makes it an attractive location for both young families and working professionals.

Understanding that the location would appeal to owner-occupiers, particularly rightsizers and downsizers, Hamton focused on creating a collection of residences tailored to this demographic. The design prioritised community over density, with a series of low-rise buildings nestled within nature.

[smartcode_project:default project_id=149097 project_image_fid=327652]

The development retains 77 established trees on the site and will add a further 151, creating a unique topography visible from the upper levels of the building. A collaboration between placemaking specialists Woods Bagot and landscape architect Tract, the design dedicates over 40 percent of the 1.6-hectare site to landscaped green open space, seamlessly woven between the low-rise buildings.

Landscaping subtly defines boundaries between public and private zones, ensuring a harmonious blend of spaces.

[smartcode_project:default project_id=149097 project_image_fid=327686]

Inspired by nature, the masterplan reflects the organic formations of lily pads on a pond, discreet yet interconnected, sitting lightly within their context. Following the principles of “nature-based cities,” the site integrates nature, amenity, wellness, and community.

This commitment to nature complements the already well-established landscape nearby. Adjacent to Gardiners Creek, the site offers both recreational and ecological benefits, while the Yarra River trails, Patterson Reserve, and Hawthorn Velodrome, further enhance the area’s outdoor amenities.

[smartcode_project:default project_id=149097 project_image_fid=327694]

Residents will have access to a range of facilities, including a bathhouse with wellness amenities, a gym, co-working spaces, and communal dining and lounge areas.

Hamton will announce a builder in the coming months. Demolition of the old Campus is underway with construction on the first stage, anticipated to commence early 2026.&nbsp;

[smartcode_project_cta:default project_id=149097]

Scotch Hill Gardens, a new life for the former University of Melbourne Hawthorn Campus

Brisbane-based developer Red &amp; Co. is venturing into the Gold Coast apartment market, spending $8 million on a vacant site in Varsity Lake.

The plan is to developer 156 apartments on the 2,857sqm, 22 Lake Street site, near Varsity Central Park.

Colliers Queensland Residential Development Sites Director Troy Linnane said Colliers had been &nbsp;working closely with Red &amp; Co. to help them secure their first Gold Coast site, with this site offering a great opportunity due to its location and existing approval.&nbsp;

“This off-market transaction highlights the value of strong market knowledge and relationships, we were able to align the right buyer with the right site given the relationships we have with many active &nbsp;developers seeking sites across the SEQ market,” Linnane said.&nbsp;

“Those groups with in-house construction capability or strong builder alliances are leading market activity as they are best positioned to deliver projects in the current market."

Linnane said with&nbsp;confidence strengthening in 2025, they are seeing increased competition for prime development sites.

“Developers are actively seeking well-located sites, to take advantage of the under supply of &nbsp;apartment stock and the significant uplift in revenues due to strong buyer demand."

<img alt="22 Lake St" data-entity-type="file" data-entity-uuid="fcd9176e-4e38-4519-a868-0748419c1d2b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22_Lake_Street_001.jpg?VersionId=Z7tUSkVLqv8qf.JTyMXmzasxvudP_u2p" />

Colliers Queensland Residential Site Sales Executive Jackson Robinson said the transaction reflected confidence in the market and increasing demand for well-located, DA-approved sites to develop into &nbsp;housing.&nbsp;

“Red &amp; Co. recognised the depth of unmet demand for well-priced apartment stock on the Gold &nbsp;Coast, particularly in sought-after suburbs like Varsity Lakes, which offers excellent connectivity, expansive views and close proximity to major employment and education hubs,” Robinson said.&nbsp;

There will be a mix of one-, two-, and three-bedroom apartments, with views over&nbsp;Lake Orr and out to Burleigh Headland and the Hinterland, with additional outlooks north towards the Broadbeach skyline.&nbsp;

Red &amp; Co., led by co-founders Keiran Foster and David Laverty, have previously completed several developments across Brisbane.

Red & Co.’s first acquisition on the Gold Coast demonstrates increasing  confidence in the Gold Coast market

Red & Co. plots new Varsity Lake apartments

Simeon

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When the Head Teller at the Reserve Bank of Australia dropped the cash rate to a record low of 2.00% this week the Head Cashier AKA Joe Hockey immediately started bellowing "Australians – spend – spend – spend."
So let me let you in on a secret Joe – Australians are spending up big, it’s just that they are using the online loophole where they don’t have to pay you GST. The other problem is that following the Global Financial Crisis many Australians (to save money) reverted back to paying cash for services simply because that way they get a significant discount.
Naturally those who have negatively geared their properties don’t engage in the cash for services given they need the receipts in order to gain their much required tax reduction. I guess that given nearly all developed countries have a tax structure where you do pay a tax when you sell the family home, however all monies spent – mortgage, maintenance and improvements – are a tax deduction. So I hope now that you can understand why GST receipts are in decline.
When the GST was introduced nearly 15 years ago a comparative analysis was undertaken to see what the online shopping receipts were likely to be for purchases under $1,000. The analysis which in all probability was done using a Commodore 64 with a flashy floppy disc drive found that it would cost as much to collect the GST on these purchases so the plan was shelved.
Today Australians are all over <a href="https://www.ozsale.com.au/default.aspx?cid=10" target="_blank">OZSALE</a> and <a href="https://www.dealsdirect.com.au/" target="_blank">DealsDirect</a> to name just two who just happen today to be hugely successful online businesses that turn over hundreds and hundreds of millions each year. According to the National Australia Bank’s (NAB) latest Online Retail Sales Index – Australians spent a record (yes record) $16.6 billion online in the year to January 2015. Given that the vast majority would be sales with no GST payable that’s at least $1.500 billion in missing revenue each year – now that’s embarrassing.
Deloitte has just readjusted the budget projections to take into account the latest economic news where last year’s budget deficit was $48.5 billion. Deloitte is predicting this year’s deficit will be $5.5 billion worse than predicted a year ago, and will be close to $45.9 billion. All will be revealed next week but rest assured it will be a shocker – although it’s difficult to agree with increasing the GST when we have all those ‘rivers of gold’ that the federal government is missing simply because they won’t reform.
Just as embarrassing was the announcement last week by Prime Minister Tony Abbott that foreign investors who have purchased illegally in Australia have until the end of November to come forward to avoid criminal charges and severe fines. Now I have no doubt that illegal property acquisitions will be huge in number but how about upgrading from Windows 2003 and start a proper National Property Register which has been promised for years.
The illegal buying debate does get amusing at times given some are saying that the best method is when buyers attend an auction to bid they must provide identity and that data is recorded – that then will stop illegal buyers. Well, sorry no it won’t. That legislation was brought in 2003/2004 in an effort to stop dummy bidding where records of identification are recorded should the Office of Fair Trading require an investigation. If a party attends an auction and they want somebody to bid on their behalf it is that person bidding who provides the identification not the eventual buyer who is not required to provide any identification – even though they may successfully buy the property.
Any buyers who have purchased illegally would now be contacting their respective legal representatives and immediately transferring ownership into the name of an Australian resident – the federal government has given them a six month window to conform and that’s based on the illegal owners coming forward. Brilliant plan that one!
With the Head Cashier now dutifully accepting the pseudo role of Housing Minister the forensic search for illegal purchasers across Australia has begun in earnest. Maybe Joe should spend a week of work experience at the NSW government who just collected more than $5.000 million from those naughty first home buyers who illegally applied for grants. Going back three years and with nearly 1,400 investigations they found 478 first home buyers who were forced to repay their illegal grants. A spokesman for the NSW Office of State Revenue said it routinely conducted ‘’random and targeted audits matching and data mining.”
All that Joe Hockey needs to do is find a way to get hold of that data and do a targeted audit through his Australian Taxation Office audits plus some additional data mining using stamp duty records.
Why is it that Canberra just doesn’t see the billions they lose each year from GST online sales and why it’s so easy to set up a National Property Register?
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Simeon

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