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

Stockland

Property development groups, including Lendlease and Stockland, have shared their support of the City of Sydney&rsquo;s plan to include energy targets in development applications.&nbsp;

In a first for a local council in Australia, the proposal means development applications for new office buildings, hotels and shopping centres and major redevelopments of existing buildings will comply with minimum energy ratings.

Neil Arckless, Lendlease executive development director, said his organisation supported the ambitious performance standards.&nbsp;

New buildings will be more energy efficient, use more renewable energy and support the transition to net-zero emissions.

[smartcode_project:default project_id=7588 project_image_fid=72298]

The regulations will come into effect in January 2023 and achieve net-zero energy output by 2026.

The measures are expected to save more than $1.3 billion on energy bills for investors, businesses and occupants from 2023 to 2040, and help the City meet its target of net-zero emissions by 2035.&nbsp;

&ldquo;At Lendlease we recently set our own pathway to net zero carbon by 2025 and absolute zero by 2040&rdquo;, Arckless said.

&ldquo;We are always pushing the boundaries to innovate in&nbsp;sustainability&nbsp;and welcome the City of Sydney leading the way in the development of these performance standards. I&rsquo;m confident we can all rise to the challenge.&rdquo;

[smartcode_project:default project_id=7758 project_image_fid=79424]

The City of Sydney&rsquo;s ambitious, yet achievable, standards were created with support from developers, industry bodies, consultants and government agencies.&nbsp;

<blockquote>
&ldquo;As we emerge from the impacts of the pandemic, we&rsquo;re helping ensure sustainability&nbsp;and resilience is at the core of business recovery&rdquo;, said the Lord Mayor.
</blockquote>

&ldquo;The performance standards and evidence base can be used by all councils across Greater Sydney and will support investment in renewable energy and create jobs in regional areas &ndash; as we have already done through our investment in wind farms and solar farms in Inverell, Nowra and Wagga Wagga.&nbsp;

&ldquo;The climate challenge is one that we can only meet with concerted action. The more we can work together and exchange information, knowledge and experiences, the greater our ability to meet the NSW Government net-zero emissions target and allow us to continue to create truly liveable cities&quot;, the Lord Mayor said.&nbsp;

[smartcode_project:default project_id=13326]

Stockland CEO commercial property Louise Mason said the company strongly endorsed the City&rsquo;s net-zero energy buildings performance standards.&nbsp;

&ldquo;We have brought forward our target to achieve net zero carbon emissions to 2028 and extended the commitment across our entire portfolio, covering close to 170 active assets and projects Australia-wide,&rdquo; Mason said.&nbsp;

The measures are expected to deliver substantial financial benefits. Annually office owners will save $2,750 per 1,000 square metres of floor area and hotel owners $170 per hotel room.&nbsp;

There are also additional public benefits and savings in health, energy network and emissions costs, worth around $1.8 billion.

&ldquo;Across Greater Sydney, the changing climate is a shared problem. These performance standards will help us meet our shared goal of net zero emissions and deliver progress against the Greater Sydney region plan low carbon city objective,&rdquo; Greater Sydney Commission environment commissioner Emma Herd said.

Property development groups, including Lendlease and Stockland, have shared their support of the City of Sydney’s plan to include energy targets in development applications

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Developers support the City of Sydney’s ambitious new plans for net zero buildings 

Stockland&rsquo;s new&nbsp;townhome&nbsp;development, Haven, is a combination of sustainable features and open spaces in Melbourne&rsquo;s&nbsp;Altona North.

Situated in the city&rsquo;s inner-west, the project boasts a collection of two, three and four-bedroom townhomes designed by the award-winning&nbsp;SJB&nbsp;Architects.

We recently spoke with&nbsp;Cara Bawden, Stockland&#39;s&nbsp;Senior Development Manager,&nbsp;Built Form Victoria&nbsp;to discuss the popular development and why buyers can&#39;t seem to get enough.

[smartcode_project:default project_id=29947 project_image_fid=93183]

Jordan Fidler: What are the highlights of Haven and what is attracting buyers to the project?

Cara Bowden: As well as a broad range of 2, 3 and 4 bedroom sustainable townhome options, we are finding that our customers are drawn to the convenience and connection of Haven.&nbsp;Located only 11km from the CBD and with a number of transport options, proximity from Haven to the West Gate Bridge and future tunnel is a real asset.

The townhomes at Haven will be nestled around a future park &amp; playground, and residents will also be able to enjoy the abundance of local cycling trails, parklands and reserves in Altona North. Enticing locals and visitors alike, Altona North offers an abundance of local shops and retailers, numerous school and education options, medical centres, job opportunities and recreational activities. Haven truly puts convenience first.&nbsp;&nbsp;

JF: What was the brief for SJB Architects?

CB: SJB Architects were selected for their experience in delivering award winning developments and in particular had demonstrated their credentials in townhome architecture. They were briefed to utilise contemporary design principles in conjunction with the Stockland Standard to design homes with a strong sense of address that create a flow between interior and exterior living. The Stockland Standard has been developed by our in house design team to set priorities for liveable, active and desirable communities nationally.&nbsp;

Our kitchen and bathroom designs were inspired by the industrial heritage of Altona North and the interiors palettes include both black and chrome fixtures.&nbsp;Finally, with so many leisure options around Haven, we know our residents will want to move in and start enjoying the local area so we have focused on designing a turn-key offering, with all landscaping complete and a focus on low maintenance living.

[smartcode_project:default project_id=29947 project_image_fid=93188]

JF: Where have buyers come from, and who is the development appealing to?

CB: We have a mix of people moving out of the CBD, people looking to move into the Inner-West and closer to the CBD, and locals who love the area and wanted to move into a Haven home.&nbsp;From first home buyers to families and investors; there is something for everyone at Haven in terms of style, budget and lifestyle preference.

In terms of enquiries, we are seeing a large pool of first home buyer enquiry, due to Haven&rsquo;s competitive &lsquo;from&rsquo; price of $605,000*. We also have a volume of upgrader downsizer and investor audiences enquiring at Haven.

[smartcode_project:default project_id=29947 project_image_fid=93184]

JF: What else does the Haven Community offer residents?

CB:&nbsp;Haven is within walking distance to a range of amenities that will be offered throughout this exciting new precinct.&nbsp;There is a future Hobsons Bay Community Centre that will be walking distance from Haven, as well as a future 3ha active open space. Haven also offers customers the peace of mind of purchasing with Stockland, one of Australia&rsquo;s largest diversified property groups, with over 60 years&rsquo; experience in delivering quality residential communities.

[smartcode_project_cta: project_id=29947]

Situated in the city’s inner-west, the project boasts a collection of two, three and four-bedroom townhomes designed by the award-winning SJB Architects.

jordan_55689

What buyers need to know about Haven townhomes in Altona North: Five minutes with Stockland's Cara Bawden

The country&rsquo;s largest property developer says demand for new dwellings is more widespread than that spurred by government stimulus policies.

Stockland chief executive Mark Steinert told shareholders the company had come through the worst of the coronavirus crisis.&nbsp;

&ldquo;Importantly as the economic and business environment has improved towards pre-COVID levels, industry support measures such as the Commercial Code of Conduct and HomeBuilder concluded at the end of the quarter without emerging evidence of material adverse outcomes,&rdquo; Steinert advised.

&ldquo;We think there&lsquo;s a lot of owner occupied demand and first time buyer demand that ultimately ended up being deferred, and it&rsquo;s that demand that really got stimulated by HomeBuilder, and by the improved availability of credit,&rdquo; the Stockland boss told The Australian.

[smartcode_project:default project_id=29947 project_image_fid=93183]

Stockland expects to settle 6300 homes this year after low interest rates, government incentives and credit availability drove sales higher over the three months to March.

The country&rsquo;s largest listed developer advised settlements were already up on last year&rsquo;s 5878 tally.

Stockland&rsquo;s strong net March quarter sales result of 1891 lots was up 69 per cent on the same quarter last year.

Steinert noted &quot;the best affordability in all the key markets that we&rsquo;ve seen in a decade.&rdquo;

But he warned that Sydney and southeast Queensland were the most supply constrained markets, with the NSW capital having only about five years worth of serviced land.

Stockland says demand for new dwellings is more widespread than that triggered by government stimulus policies

jchancellor

Stockland sees new home buyer motivation beyond government stimulus 

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Stockland has today added to its residential townhomes pipeline with the purchase of 203 Mountain Highway, Wantirna in Melbourne from Longriver.

Located 24 kilometres south east of the Melbourne CBD and seven kilometres from Stockland’s successful Waterlea Community, the 8.33 hectare site has planning approval for approximately 248 dwellings and a 5,500m2 site for future medium density use.

With access to key transport routes, the site is adjacent to the Victorian Planning Authority’s proposed Wantirna Health Precinct, a future integrated ‘health city’ anchored by a new public hospital with complementary health, research, education and innovation facilities.

[smartcode_project:default project_id=21554]

Stockland Communities Group Executive and CEO Andrew Whitson said, “This acquisition aligns with our strategy to re-stock our residential pipeline early in the cycle, in target corridors with strong demand fundamentals and expected total returns above our hurdle rates.

“With less than 20 homes remaining, the popularity of our Waterlea Community has demonstrated the demand that exists for architecturally designed and sustainable townhouses with access to high quality private and public open spaces,” said Stockland’s General Manager for Built Form, Ben Cantwell.

“Like our Waterlea Community, this site allows us to offer customers a mix of dwelling types including semi-detached homes and townhouses. Waterlea has been very popular with our customers due to the mix of dwelling options available and we expect considerable interest from people keen to enjoy a similar community,” said Mr Cantwell.

Stockland has over $2.7 billion invested in Victoria and a long history delivering liveable and affordable communities, including Highlands in Craigieburn and Orion in Braybrook.

Subject to finalisation of approvals, pre-sales and development are expected to commence in mid-2022.
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Located 24 kilometres south east of the Melbourne CBD and seven kilometres from Stockland’s successful Waterlea Community, the 8.33 hectare site has planning approval for approximately 248 dwellings

Stockland acquires Wantirna townhome development site

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If you're looking for a stylish new two or three bedroom townhome, Eastside at Highlands in Craigieburn, Stocklands latest development, might just be exactly what you're looking for.

Purchase a three bedroom townhome in Eastside at Highlands starting from just $465,000. Plus there are two bedroom townhouses available from as low as $415,000.

Buyers have the freedom to choose from a selection of architecturally designed floorplans, all of which offer landscaped backyards and secured garaging.

[smartcode_project:default project_id=92985]

All homes include timber-look laminate floors and cosy carpets, with a selection of three colour schemes available to choose from. 

The kitchens boast high quality stainless steel appliances, sleek composite stone benchtops and a spacious island bench with integrated sink.

Bedrooms feature built-in wardrobes and the bathrooms are fit with fully tiled showers, bathtubs and vanities with ample storage.

The two bedroom homes offer 140 sqm while the three bedroom homes offer between 164 and 167 sqm.

<a href="/new-townhouses/highlands-1-north-shore-drive-craigieburn"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/east_at_highlands_room.png"></a>

Located in the growing suburb of Craigieburn, just on the edge of Melbourne, there's plenty on offer in terms of amenities at Eastside on Highlands, 1 North Shore Drive.

The development is situated just a stone's throw from Highlands retirement village, Aitken Creek Primary School, Hume Global Learning Centre, with Craigieburn Central Shopping Centre, Splash Aqua Park and Leisure Centre and the award-winning Treehouse park within walking distance. Also in the area is a proposed new community centre, Aitken Creek, and many sporting facilities.

Eastside at Highlands is set for completion in September of this year, <a href="/new-townhouses/highlands-1-north-shore-drive-craigieburn">don't miss out!</a>
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If you're looking for a stylish new two or three bedroom townhome, Eastside at Highlands in Craigieburn, Stocklands latest development, might be exactly what you're looking for

Brand new townhome development in Craigieburn: Discover Eastside at Highlands

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Stockland’s new townhome development, Haven, combines sustainable features with open spaces in Melbourne’s Altona North.

Situated in the city’s inner-west, the project boasts a collection of two, three and four-bedroom townhomes designed by the award-winning SJB Architects.

Each residence features expansive, open-plan interiors, a contemporary material palette and outdoor entertainment areas, including private back yards and shared green space.

[smartcode_project:default project_id=29947]

Built around a serene central park, the development continues Stockland’s strong history of producing sustainable developments.

Part of a network of pocket parks, the park and accompanying playgrounds provide space for residents and the broader community to get together, work out and enjoy time with their family and friends.

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The development has been popular amongst first home buyers, who wish to take advantage of quality living spaces and city convenience.

Evolving from its rich, industrial heritage, Altona North has blossomed into a very attractive location for families.

The vibrant suburb is located just 11 kilometres from the Melbourne CBD and enjoys the numerous amenities of the Inner-West.

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Residents can enjoy an active lifestyle at the nearby public pool, the badminton centre, the indoor climbing gym or the golf course nearby, while cycle paths, walkways and parks connect the community to neighbouring suburbs.

Two-bedroom townhomes within the development begin from just $605,000, while four-bedroom townhomes sell from $815,000.
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The development has been popular amongst first home buyers, who wish to take advantage of quality living spaces and city convenience

Why Stockland's Altona North townhome development Haven is so popular among first home buyers

<html><body>Stockland has added to its residential pipeline with a western Melbourne site.

It has purchased the undeveloped portion of the Grand Central community at Tarneit in Melbourne.

The acquisition within the western growth corridor – 33 kilometres west of Melbourne’s CBD – cost around $50 million.

The 38 hectare site will see Stockland create 493 new homes within the existing community.

Stockland will commence development, marketing and sales following settlement.

“This acquisition enables us to extend our strong brand presence in Melbourne’s western growth area which accounts for more than one third of all Melbourne’s land sales and saw sales double in the 12 months to December 2020," Stockland’s general manager of residential for Victoria, Mike Davis said.

Stockland has over $2.7 billion invested in Victoria delivering some of the State’s most affordable communities, including Highlands in Craigieburn and Mount Atkinson and Grandview in Truganina.

“This acquisition enables us to extend our strong brand presence in Melbourne’s western growth area which accounts for more than one third of all Melbourne’s land sales and saw sales double in the 12 months to December 2020," he said.

There is a range of future amenity planned around the community as part of the Victorian Planning Authority’s Riverdale Precinct Structure Plan, including the Riverdale railway station, a major town centre and a regional indoor recreation facility.

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It has purchased the undeveloped portion of the Grand Central community at Tarneit

Stockland adds western Melbourne Tarneit site to its residential pipeline

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The departing Stockland boss anticipates that the housing market could shift into under-supply in residential growth corridors around the capital cities over coming years.

Mark Steinert, the boss of the country’s largest residential developer, Stockland, suggests 2025 could see “quite a chronic under-supply in the land market.” 

“We need to make sure that, particularly on the eastern seaboard, planning and the delivery of infrastructure can align to ensure that under-supply doesn’t become too great,” he told The Australian.

“That’s going to reignite the whole challenge around affordability again just when it got to a point where that could actually be addressed.”

Buoyed by the federal government’s HomeBuilder incentives, Stockland’s ASX results announcement advised its strongest market was Sydney, followed by southeast Queensland. The company advised its settlement default rate had returned to normalised levels.

With strong January sales, the price secured per sqm rose significantly annually in NSW from $940 psqm to $1139, with the average lot price rising from $412,000 to $461,000.

<img alt="" height="398" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/stockland_1h21_results.jpg" width="1200"> <img alt="" height="472" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1h20_settlements_stockland.jpg" width="1200">

“Melbourne continues to be solid, but has obviously been a bit more impacted by both the combination of the lockdowns, and the greater availability of land,” Mr Steinert said.

He anticipates Perth could moderate over the next 12 months as WA had the largest housing grants, pulling forward demand, although the strong mining sector could keep up its momentum.

Stockland’s buyers are mostly owner occupiers.

“We’ll move to equilibrium in 2022, and then move back into quite a significant under-supply as migration and foreign student numbers start to pick up in 2022,” Mr Steinert forecast.

Stockland had five new subdivision acquisitions, dubbed early cycle restocking, with the potential of adding 9,200 lots to its inventory.

Its residential business reported its strongest half year results in four years with more than 3800 sales, along with residential settlements jumping 43 per cent to 3,100.

Stockland is on track for 6000 settlements this financial year.

 
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Mark Steinert, the boss of the country’s largest residential developer, Stockland, suggests 2025 could see “quite a chronic under-supply in the land market.” 



House and land market could shift in to under-supply: Read Stockland CEO Mark Steinert's insights

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Lendlease’s Tarun Gupta is set to take over from Mark Steinert as managing director of Stockland, the country’s largest listed developer.
Gupta will take up the role from June 1, leaving Lend Lease after 26 years.
Steinert will stay in place until then.
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“The Stockland board is delighted to welcome Tarun,” Stockland chairman Tom Pockett advised.
Gupta has been Lendlease’s chief financial officer for the last four years.
“I leave my current role with great respect for the team I have worked with and I am excited by the significant opportunities ahead with Stockland.”
Gupta started with the company as a graduate.
He will receive a fixed annual salary of $1,500,000, in addition to the various incentives.
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Lendlease's Tarun Gupta taking over from Mark Steinert as Stockland's managing director

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Stockland announced a new $5 million extension to the Baringa Town Centre in its next stage of development in Aura on the Sunshine Coast.
The project will include a state-of-the- art medical centre and family-owned swim school, in addition to a number of other retail offerings, and marks a major milestone for the $5 billion community.
The new 1,215 square metre development will be comprised of Avenue Dental, Aura Family Doctors and John Wallace Swim School, bringing a number of valuable facilities and services to the award-winning masterplanned community.
Josh Sondergeld, Project Director at Stockland, said he was thrilled to progress plans to further develop and diversify the existing retail precinct in the heart of Aura’s first suburb of Baringa.
“Baringa is already shaping up to be a thriving community with retail, residential, commercial, education – and now – health hub.
“This development is in line with our strategy to deliver the best communities in the country – providing excellent outcomes for residents and key infrastructure close to home. We know the importance of health services, now more than ever before, and are pleased to be able to offer the Aura community easier access to such critical resources.”
Mr Sondergeld continued: “More than 5,000 people are now calling Aura home and we look forward to welcoming many more residents into our community this year.”
Kristy Perkins, Owner of John Wallace Swim School, said that they were looking forward to expanding their swim school business within Aura.
Greg Fine, Principal Dentist at Avenue Dental, said: “We’ve been a proud part of the Sunshine Coast community for the last 29 years and are so excited to now offer our services in Baringa. We have already formed a very strong connection with the area as many staff members call Aura home.
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Kayleigh Thompson, Practice Manager at Aura Family Doctors, said: “The Aura Family Doctors team is looking forward to opening in the Sunshine Coast’s newest development and being part of a growing community.
The new medical centre and swim school will be located on the corner of Baringa Drive and Aura Boulevard, adjacent to the Baringa Town Centre, and be easily accessible via the Aura Veloway and the extensive networks of dedicated walking and cycle paths.
It is expected to open early 2021.
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