<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has revealed plans for a new residential development on one of the last remaining direct riverfront sites in Newstead.&nbsp;

The <a href="https://www.apartments.com.au/new-apartments/47-skyring-terrace-newstead-qld-4006">Skyring Terrace project</a> will comprise 235 premium apartments in a 25-storey tower with Moreton Island views, accompanied by a small four-storey riverfront building of just 12 ultra-luxury residences.

Award-winning architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>&nbsp;was inspired by&nbsp;the great classical buildings of Brisbane.&nbsp;CPG's long-term build partner, tier one construction firm <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, will deliver the development.

CPG Chairman and CEO, Don O’Rorke said he's spent the last 10 years in their office looking next door to Customs House and thinking, 'imagine if we could build something like that.'

“We want this building to be considered one of Brisbane’s best in 100 years," O'Rorke says.

"I want my great, great grandchildren to be proud say that we built this. “&nbsp;

<img alt="CPG unveils a modern classic on the Newstead riverfront" data-entity-type="file" data-entity-uuid="119b4fe7-f733-40ca-9588-36e67d46707a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/47SKYRING_C2.jpg?VersionId=252vgJzSyaJ2LcbpQlTI.YisSLwt7sxl" />

Woods Bagot Principal, David Lee said the design of the building is "elegant, confident, and timeliness."

“When Consolidated Properties Group approached us, we knew this site demanded something notable. It’s an iconic building that marks the entry to the &nbsp;vibrant Newstead riverside community," Lee said.

"Classical motifs are reinterpreted and abstracted to create a modern aesthetic on key architectural elements, like the slab edges, columns and &nbsp;balustrade.”&nbsp;

CPG’s Head of Residential, James MacGinley said Woods Bagot have created a modern classic.

"From the bullnose brick columns to the sandstone flagstones everything has been selected to last a lifetime. Too often, contemporary design relies on modern façade materials to create architectural &nbsp;interest. But people forget that those modern materials fade over time while stone and brick last forever.” &nbsp;

Positioned to capture panoramic vistas north across the river to Hamilton Hill, the project’s front-row location offers uninterrupted, never-to-be-built-out views - a rarity in Brisbane’s tightly held &nbsp;riverfront landscape.&nbsp;

MacGinley said the apartment layouts embrace the perfect north east aspect of the site.

"More than 75 of the apartments have a river view which is an incredible design achievement from the Woods Bagot team.” &nbsp;

The development forms part of&nbsp;CPG’s riverfront collection including Monarch Residences at Toowong, and a new 25-storey development at Yeerongpilly.

Hutchinson Builders are expected to commence in 2026, with apartment sales launching early next &nbsp;year.

Joel Robinson

Don O'Rorke's Cons Prop unveils Newstead riverfront apartment plans

Melbourne developer&nbsp;<a href="https://www.apartments.com.au/developers/hengyi-australia">Hengyi</a> is trying again to develop its prominent Bay Road site in Bayside Sandringham.

The new application, now under consideration via Victoria’s Development Facilitation Program, marks a revised approach after a previous iteration was refused by VCAT in late 2023. They are planning three seven-storey residential buildings at 208-210 Bay Road, an already cleared 5,226 sqm block just under two kilometres from the beach.

The buildings will home&nbsp;123 apartments above a two-level basement car park, along with a commercial tenancy, communal facilities, and landscaping interventions.&nbsp;

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="d5523a8c-47e3-47f4-b468-9fb97f241977" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/front%20full.png?VersionId=CGSZOulullVRFFbCrTAvZLXJ1jPv5.wM" />

Hengyi has addressed the key concerns from VCAT, namely&nbsp;how the building would integrate with the current environment.

The buildings step down from Bay Road towards the rear, addressing sensitive residential interfaces and the neighbouring Sandringham East Primary School. Design features include varied setbacks, upper-level recesses, and deep soil zones intended to retain and supplement the existing tree canopy.&nbsp;

Vehicular access is proposed via an upgraded crossover on Bay Road, while pedestrian connectivity is enhanced through retention of an easement that links to the primary school. Car parking is proposed to be reduced below the standard requirements, justified in part by the site’s proximity to public transport and active transport networks.

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="d622acc1-0917-43d4-b8ba-8857ded0cc73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_2.png?VersionId=iSrKHlI_D11ckyBzWdgq5QEy2TSWZCTW" />

Architect Rothelowman noted in the Urban Context Report that the proposal&nbsp;"seeks to balance site efficiency, residential amenity, and a sensitive response to its urban interface."

Rothelowman's design inspiration stemmed from asking the question 'What does&nbsp;Sandringham and Bayside have that is unique to other parts of suburban Melbourne?'

They said indigenous coastal flora and fauna, extensive areas of recreational greenland, and living by the ancient land that follows the bay, are the three key features of Sandringham.

The proposed mix includes affordable and market housing, with <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>&nbsp;seeking to balance increased density with amenity through articulated built forms and communal offerings such as a gym, co-working space, and rooftop spa.

John Patrick Landscaped Architects have come in to enhance the landscaping, which was another key factor in the VCAT decision to refuse the original application. Now there will be rainforest and coastal gardens with a predominantly native and indigenous planting palette.

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="7cdceff0-aa99-4ed7-a159-0038e8f66fbb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_3.png?VersionId=uvTAu41Ryn3GWKLjJrIbilvQO09MsuR9" />

The Town Planning Report by Urbis suggested the project is designed to deliver “a much-needed increase in dwelling diversity and density” in an area earmarked by Bayside Council as a Moderate Residential Growth Zone.

The Bayside Housing Strategy identifies the corridor as suitable for higher density residential renewal, aligning with the state government's recent target of 30,000 new homes in Bayside by 2051.

The application is being assessed by the Minister for Planning under Clause 53.23 due to its scale, provision of affordable housing, and $70 million-plus investment.&nbsp;The project is forecast to support 200 full-time construction jobs and deliver $56 million in gross value added during the build period.

Hengyi has previously developed Swanston Central and Light House, both in the Melbourne CBD.

The Bayside Housing Strategy identifies the corridor as suitable for higher density residential renewal, aligning with the state government's recent target of 30,000 new homes in Bayside by 2051

First look: Hengyi proposes trio of apartment buildings for Sandringham’s Bay Road

Both buyer demographic and buyer preference is shifting across Melbourne, the&nbsp;recently released Apartment Essential Snapshot by research giant Urbis found.

Data showed 40 per cent of purchasers over the June quarter were investors, closer to levels observed in 2021 and 2022, rather than the last two years. Investors are no doubt driven by lower interest rates, and the fact Melbourne has slipped to become one of the most affordable capital cities in the country.&nbsp;

Developers and project marketers are currently reporting a high number of interstate investors in particular across the board, who are priced out of the investment markets in Sydney and South East Queensland.

<img alt="Urbis" data-entity-type="file" data-entity-uuid="6d1bca0c-2d65-4b8f-9203-fbb4934c1e69" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%201.41.19%E2%80%AFPM.png?VersionId=mFL2Oa1qD6OBGSZweCM7aT5VEmgd8jWG" />

While investors showed signs they are back in the market in Melbourne, there has been an ongoing shift towards larger-scale apartments from developers, targeting the downsizer, a demographic relatively under serviced until recently.

Three-bedroom apartments are now being sought just as much as one-bedroom apartments, which is prompting a seismic shift in the make-up of new buildings.&nbsp;

<img alt="Urbis" data-entity-type="file" data-entity-uuid="40962ec9-fd32-4e32-9605-5f1066c913c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%201.47.09%E2%80%AFPM.png?VersionId=KoUoPDQNKgKNPFKQf0Fr.8YRtnMlaYSb" />

&nbsp;

Melbourne's off the plan apartment market has been buoyed by the abolition of stamp duty on new and off the plan apartments, which was extended earlier this year to October 2026.&nbsp;The concession allows buyers, including investors, to deduct construction costs from the dutiable value of the property, lowering entry costs and stimulating demand.

Also assisting in demand in the new space is the increased in demand, and turn around of price growth, in the established sector.&nbsp;Clearance rates in Melbourne improved five percentage points in the quarter, pointing to a greater appetite for the state to transact on property, an appetite that had waned in recent years.

Urbis noted that sales speeds are increasingly aligning across Sydney and Melbourne, with under-construction projects in particular securing quicker commitments from buyers. This suggests heightened confidence in delivery, despite ongoing construction industry uncertainty.

Pipeline lifts, but remains subdued

After several years of record lows, Melbourne’s apartment pipeline is beginning to recover.

Nationally, annual completions are forecast to rise to 23,350 apartments per year between 2025 and 2027, 21 per cent higher than the 2021–2024 average, but still 35 per cent below the 2016–2020 cycle.

Prices continue to trend upward

Pricing remains on a steady incline, with Melbourne in line with the national average of $16,400 per square metre. That figure reflects a 14 per cent annual increase and a consistent 10 per cent per annum growth since 2021, driven by rising construction costs and the market’s shift toward higher-value product.

While the overall supply pipeline remains materially below long-term averages, the Q2 figures suggest Melbourne is “creeping off the bottom.” Investors are returning, sales rates are accelerating, and developers are again lodging applications for larger projects.

Together, these trends indicate a market cautiously regaining balance between buyer demand and supply delivery.

Investors return to Melbourne off the plan apartment market as buyers lean towards three-bedroom homes: Urbis

New apartment developer&nbsp;<a href="https://www.apartments.com.au/developers/casa">CASA</a> has appointed <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>&nbsp;to build The McLaren, their newly launched North Sydney project.

Decode’s appointment marks CASA’s second builder engagement this year, reflecting what the company says is “the momentum of our business and the dedication of the incredible team working to bring The McLaren vision to life.”

[smartcode_project:default project_id=141323 project_image_fid=3191]

The appointment follows demolition works on site and strengthens a delivery team that also includes architects Bates Smart and landscape designers 360 Degrees.

<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a> will rise 14 storeys in a stepped form, cascading towards a sculpted rooftop garden with panoramic views of Sydney Harbour and the CBD. It will have 71 apartments.

<a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>’s design draws on the site’s heritage context, with the podium referencing North Sydney’s fine-grain character and adjacent conservation areas.

&nbsp;

[smartcode_project:default project_id=141323 project_image_fid=3194]

Offering a mix of one- to four-bedroom apartments, more than half of the residences are three-bedroom layouts aimed at downsizers. Interiors feature Gaggenau appliances, natural stone benchtops, and palettes inspired by the local landscape.&nbsp;

A rare selection of terrace homes has also been designed to echo the scale and materiality of nearby Victorian dwellings.

Residents will have access to a suite of amenities, including a rooftop garden, private dining room with wine cellar, and lounge spaces. A new through-site pedestrian link and ground-floor retail will further integrate the project into its local setting.

&nbsp;

[smartcode_project:default project_id=141323 project_image_fid=3196]

Positioned moments from the new Victoria Cross Metro Station, The McLaren offers one-stop connections to the Sydney CBD while retaining the character of a Lower North Shore village lifestyle.&nbsp;

Nearby amenities include North Sydney Oval, Wendy Whiteley’s Secret Garden, Greenwood Plaza, and elite schools such as Wenona and Loreto.

Construction on The McLaren is set to commence shortly, with Colliers managing the sales process.

CASA was established in 2010 as a private real estate fund backed by global institutional investor GFM, and has recently expanded its residential pipeline nationally with projects in Sydney and Melbourne.

[smartcode_project_cta:default project_id=141323]

Construction on The McLaren is set to commence shortly, with Colliers managing the sales process

CASA appoints Decode to build The McLaren in North Sydney

The quiet suburb of Thornbury is set for a rare new injection of new apartments, with plans to convert a&nbsp;prominent corner site on High Street into a seven-storey, mixed-use development that combines modern apartment living with an activated street frontage.&nbsp;

Positioned at the intersection of <a href="https://www.apartments.com.au/new-apartments/716-high-street-thornbury-vic-3071">High Street and Rossmoyne Street</a>, the proposal reflects a broader trend of mid-rise intensification across Darebin’s key tram corridors.

Lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> under the VIC Development Facilitation Program, the application proposes a mix of commercial, retail and food and drink tenancies at ground level, with 71 apartments above, and a basement level below.&nbsp;

<img alt="712-716 HIGH STREET THORNBURY VIC 3071" data-entity-type="file" data-entity-uuid="e7b12b74-089b-4c31-ba7a-409ed9dec57e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_0.png?VersionId=j4eLev8RkQn9GsxwNWP6Q_aqF.9Yv9LK" />

Antipodean Land Developments brings a track record of design-led, sustainable projects, with their recent collaborations including Balfe Park Lane and Neighbourhood, delivered alongside Kerstin Thompson Architects and Breathe Architecture.&nbsp;

For the Thornbury site, the team has partnered with award-winning studio <a href="https://www.apartments.com.au/architects/austin-maynard-architects">Austin Maynard Architects</a>, whose design approach continues their commitment to socially responsive, climate-conscious urban infill.

The architectural scheme&nbsp;introduces a mid-rise built form articulated by low street walls and upper level setbacks, aiming to create a human-scaled interface along both High and Rossmoyne Streets. The Design Report prepared by Global South highlights suggested a key design feature is the&nbsp;chamfered corner treatment, which "marks a civic corner at a significant local intersection."

The building form tapers toward the sensitive eastern boundary, responding to neighbouring residential properties and local heritage elements including St Mary’s Church and the adjacent Salvation Army Hall.

<img alt="Thornbury" data-entity-type="file" data-entity-uuid="8ca6b38a-d66a-4ad6-9a29-e5ddcbc62f9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-25%20at%208.22.58%E2%80%AFAM.png?VersionId=6rpne1JM42XwtkPrEH5zmTF4zrstIppA" />

&nbsp;

The development will deliver 71 apartments across a mix of one-, two-, and three-bedroom configurations, including 10 dwellings dedicated to affordable housing.&nbsp; Residents will have access to communal rooftop and podium-level terraces, along with improved pedestrian access through widened verges and landscaped zones.&nbsp;

The proposal for seven storeys exceeds the recommended five-storey height limit, however Ratio Consultants argues in its Town Planning Report&nbsp;the high degree of articulation and context responsive design of the building ensures that there is no excessive visual bulk. They add that there&nbsp;are various examples of mixed-use development north-south of the subject site which demonstrate overall development height in excess of five storeys.

First look: Antipodean plots mid-rise, mixed-use development on Thornbury's High Street

Studio Nine Architects

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Adelaide’s popular new Everard Park development <a href="/buildings/third-avenue-12-third-avenue-everard-park">Third Avenue</a> has recently commenced construction, with building led by Centina. The <a href="/developers/arcadian-property">Arcadian Property</a> development has already nearly sold out, which real estate agent Alex Ouwens believes could be indicative of the growing strength of Adelaide’s property market.

<blockquote>
“While cities like Sydney and Melbourne have an oversupply of new homes, we have the opposite problem here in Adelaide where there is a lack of high-quality new housing stock in the marketplace… So we’re seeing enormous demand from local buyers for quality new homes across Adelaide, with Third Avenue being a great example of this.”
</blockquote>

Alex Ouwens, Ouwens Casserly Real Estate

Having facilitated the sales of Third Avenue, Ouwens also noticed a rise in owner-occupier purchasers including first home buyers.

<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/lr-9_-_jack_woodroofe_sahra_felice_third_avenue.jpg" rel="gallery-all" title="First home buyers Jack Woodroofe and Sahra Felice. Credit: Arcadian Property"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lr-9_-_jack_woodroofe_sahra_felice_third_avenue.jpg?itok=mqSc_e8c" title="First home buyers Jack Woodroofe and Sahra Felice. Credit: Arcadian Property" width="580"></a>

<figcaption>First home buyers Jack Woodroofe and Sahra Felice. Credit: Arcadian Property</figcaption></figure><blockquote>
“And it’s not just wealthy property investors buying up available stock. In fact, all bar one of the purchasers at Third Avenue are owner-occupiers, which is a significant indicator for the broader market, while also being great for new residents of the development in terms of enhancing the vibrancy of Everard Park even further.”
</blockquote>

Alex Ouwens, from Ouwens Casserly Real Estate

The <a href="https://studionine.net.au/">Studio Nine Architects</a>-designed town-home collection will feature 27, two to three-level homes, each featuring three bedrooms, a balcony, and a private garden. Located within the leafy inner western suburbs, Third Avenue is only 2km from Adelaide CBD, and 10 minutes to Glenelg Beach.

Arcadian Property CEO Warwick Mittiga explains that the homes have been popular due to their design and location.

<blockquote>
“We’re thrilled at how quickly the project has sold, which really is testament to the high-quality benchmarks we’ve set for the development, as well as the outstanding location of Everard Park between the city and the coast.”
</blockquote>

Mittiga has announced that the project construction has been commenced ahead of schedule than originally planned, meaning purchasers may be able to move in sooner than anticipated. Completion of Third Avenue is slated for September 2020.

<h2>THIRD AVENUE RENDERS</h2>
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