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.

Joel Robinson

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

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Sydney

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EXPERT OBSERVATION
A growing number of proposed new housing projects across Sydney are running into go-slow planning approaches from councils and state government.
Over recent weeks we have seen a number of worthwhile housing projects across metropolitan Sydney held up or cancelled.
The biggest project to be in danger of collapsing is the St Leonards South site for 2,400 new apartments as proposed by Lane Cove Council. The NSW Government’s Independent Planning Commission (IPC) has written a report to the Planning Minister, Rob Stokes, that effectively stops the project on spurious grounds.
After 5 years of community involvement, approvals by Lane Cove Council and the state government through the Gateway approach the IPC report says there is not enough open space yet the proposed 3,800 square metre park is above the NSW government’s Open Space for Recreation Guide minimum size for a local park of 3,000 square metres. The IPC report seems very biased in its criticism of council’s plan.
At Hornsby, last week, the RSL withdrew plans for a project which included 110 apartments, 237 unit retirement home and a 108 room hotel, citing frustrations with the planning system.
In Double Bay the recent closure of the iconic Cosmopolitan Cafe hit the news with concerns that up to 400 new apartments were caught up in the planning system leaving the much needed critical mass of people desperately needed to make the retail viable in the village centre. It seems that the local council is going slow on processing the plans for a number of worthwhile projects.
Across the harbour at Chatswood a major mixed-use project with 130 apartments providing 1,664 new jobs has been battling the planning system for 5 years with a confusing and inconsistent set of messages from Willoughby Council.
At Macquarie Park a major developer looks like cancelling a 1,000 apartment project that would have contributed $150 million back to council in contributions to spend on local community facilities. After 5 years of on off decision making with Ryde Council and the state government the developers have got nowhere.
These projects are typical of dozens that members of the Urban Taskforce are battling to get through the Sydney planning system. 
The general impression from these developers is that the planning system is getting worse in NSW and that the culture of planners in state government and councils is to be more concerned about maintaining local character than supporting new projects that could boost the economy.
Another example is the recent report from the NSW Department of Planning, Industry and Environment that recommended against the Ritz Carlton hotel tower in Pyrmont partly on the basis that it did not fit into the existing local character.
The result of these projects not getting approvals or being caught up in a planning limbo land is that housing approvals are dropping fast. In the City of Sydney Council housing approvals are down by 59 percent over the last 2 years and at Ryde Council approvals are down by 74 percent over the last 3 years.
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The culture of planning in New South Wales comes from the top through the ‘Premiers Priorities’ for the planning portfolio. 
In the last term of government the Premier required the delivery of 61,000 housing completions a year with 90 percent of housing approvals determined within 90 days. But in her new term as Premier the priorities about housing supply have been replaced with the need to increase Green Public Spaces by 10 ercent and to increase the tree canopy across Greater Sydney.
The focus has clearly moved away from having an efficient planning system towards green landscape agendas.
CHRIS JOHNSON is the Urban Taskforce CEO
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Planning go-slow stopping new housing in Sydney: Chris Johnson

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EXPERT OBSERVER
The latest report by the Centre for International Economics demonstrates that Sydney has the worst planning system in Australia with 50 percent of the cost of a new house going to taxes and red tape.
The report was commissioned by the Housing Industry Association to compare housing costs in capital cities and Sydney has the largest extra cost of all Australian cities.
The report demonstrated that tax and red tape was 50 percent of the average new dwelling in Sydney compared to 37 percent in Melbourne, 33 percent in Perth, 32 percent in Brisbane and 29 percent in Adelaide. The total extra cost for Sydney was $840,874 compared to an extra cost in Adelaide of $436,165.
The report found that a large number of reports are now required for the planning application for a new home with reports required for soil tests, native vegetation protection, contamination, heritage assessment and traffic management. An earlier research project by the Urban Taskforce found that some Sydney councils require up to 27 reports for a development application for a simple house.
We also found that there were 81 separate reports required for residential DA's across all of the Sydney councils. Clearly some of these reports are necessary to assess a development application but the number of expensive specialist reports has grown dramatically, adding even more to the cost of building homes.'
The Urban Taskforce is most concerned that more taxes and levies are coming in New South Wales due to the removal of the cap on local infrastructure levies from July 1, 2020. The cap had been $30,000 for greenfield homes and $20,000 for infil homes but these caps are being incrementally increased until no cap applies from next year.
We believe some councils will add $100,000 for a greenfield home which will simply be passed on to home purchasers which is $70,000 more than the previous cap. Sydney will then have a tax and red tape cost of closer to 60 percent of the cost of a new home.
While the Centre for International Economics report focussed on house and land packages a similar disproportionate extra cost is added to apartments. Apartments in many cases must also contribute costs to council affordable housing schemes and in Parramatta contribute $20,000 to the light rail project.
While we do not in any way condone poor construction standards it is likely that the excessive planning delays for most projects combined with the massive extra costs from levies and red tape are putting pressure back on the cost of building and this needs to be considered by the NSW Building Commissioner.
The Urban Taskforce is very concerned at the downturn in housing approvals in Sydney and the evidence of such excessive extra costs for each home is making the situation worse.
The NSW Government must urgently review the excessive costs and excessive red tape to bring Sydney more on a par with other Australian cities. The federal Minister for Housing, Michael Sukkar, was reported as saying the states, particularly New South Wales, must reform their planning systems and the Urban Taskforce agrees with his assessment of the fundamental problem with housing supply in New South Wales and particularly in Sydney.
Leadership is required from the NSW Minister for Planning, Rob Stokes, and his Department of Planning, Industry and Environment to get a better and faster planning system that delivers more affordable housing.
CHRIS JOHNSON is the Urban Taskforce CEO 
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Half the cost of a new Sydney home is taxes, levies and red tape: Chris Johnson

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Sydney’s median apartment price has dropped 3.2% since last year, according to key market indicators from JLL Research, the ABS, REIA, and CoreLogic.
<img src="https://www.urban.com.au/images/2019/7/30/JLL%20Sydney%201.JPG" alt=""> 
The downturn has led to a parallel decline in the number of new developments being approved (with a fall of 30.6%), as well as a reduction in the overall number of apartments sold (with a fall of 21.5%).
While the median cost of renting has also dropped (by 0.5% for one bedroom units, and 0.7% for two bedroom units), it has not fallen at the same rate as outright apartment values. Gross rental yields have increased by a tenth of a percent.
<img src="https://www.urban.com.au/images/2019/7/30/JLL%20Sydney%202.JPG" alt="">
Throughout the rest of the country, the Gold Coast and Adelaide both experienced decelerating positive growth in the year’s second quarter, while Canberra, Melbourne, Perth and Brisbane all saw decelerating negative growth in the same time period. No city in the study kept up with long term average growth.
<img src="https://www.urban.com.au/images/2019/7/30/JLL%20Sydney%203.JPG" alt="">
The significant drop in the number of apartments either completed, or under construction, in 2019 (compared to last year) is exaggerated by the unprecedented number built during 2018, and does not appear to be indicative of a long term falling trend.
This year there are more apartments completed, or under construction, than were built in 2017 or 2016.
Furthermore, the development plans already submitted, approved, or under construction over the next four years indicate a stable supply of new apartments.
<img src="https://www.urban.com.au/images/2019/7/30/JLL%20Sydney%204.JPG" alt="">
When geographically extrapolated, the research demonstrates that the city’s inner south has the most new apartments planned, approved, under construction, or completed between 2019 and 2023 (at 8,297), followed closely by the inner west (7,789).
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Sydney apartment approvals down 30% in one year: JLL

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The Normcore Coffee premises on York Street in the heart of the Sydney CBD is set for an auction at the end of August.  
Located at Lot 1, 37 York Street, the ground floor coffee shop is the outlet of a Sydney based coffee roasting company.
The store represents one of the three shops they own and operate.
Market sources believe the 14 sqm offering may sell for around $1.5 million to $2 million.
According to Nick Lower, Director, Metropolitan &amp; Regional Sales, NSW at Savills Australia, the Australian coffee market and Sydney has the presence of several single store independent coffee shops, who tend to differentiate themselves based on the quality of their coffee ordered.
Located on the door step of Wynyard Station, the listed property will be auctioned later this month by Nick Lower and Selin Ince of Savills Australia.
Normcore Coffee have just signed a new five year lease.
The site is exposed to 200,000 pedestrians daily.
Mr Lower said offshore interest in the property has been "off the charts."
He has seen strong interest from Vietnamese, Indonesian, Korean, Singaporean and Malaysian buyers who are looking for "a safe haven investment with a strong return."
He said, “with only a small number of offerings being made available in the core of the Sydney CBD, the undersupply of opportunity has led to an increase in demand from investors – looking for ‘blue chip, safe holdings."
“No matter what happens in the economy, or even in life, everyone who drinks it, needs their daily coffee fix to jump start their morning, and the hundreds of people walking past 37 York Street certainly enjoy what Normcore has to offer."
According to recent data, 75 percent of Australians have at least one coffee per day, and of those, 28 percent have more than three cups per day.
His team has experienced record numbers of enquiries with a 27 percent increase in numbers over the first week.
Lot 1, 37 York Street Sydney will be offered by onsite auction outside Normcore Coffee on the 30th of August 2019.
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14 sqm York Street, Sydney Normcore Coffee premises set for auction

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The Normcore Coffee premises on York Street in the heart of the Sydney CBD has sold for $1.57 million.
There were four bidders for the 14 sqm ground floor coffee shop at 37 York Street which came with no seating.
The successful purchaser was a Sydney local who was making his first foray in to the commercial property market.
It's the first time the premises has traded hands in over three decades.
The store was one of three shops owned and operated by Normcore Coffee, who had just signed a new five year lease on the property.
Market sources had predicted the 14 sqm offering would sell for between $1.5 million to $2 million. 
The premises on the door step of Wynyard Station is exposed to 200,000 pedestrians daily.
According to Savills Australia's Nick Lower, the Australian coffee market and Sydney has the presence of several single store independent coffee shops, who tend to differentiate themselves based on the quality of their coffee ordered.
During the marketing campaign Lower said offshore interest in the property had been "off the charts," with interest from Vietnamese, Indonesian, Korean, Singaporean and Malaysian buyers who are looking for "a safe haven investment with a strong return."
"With only a small number of offerings being made available in the core of the Sydney CBD, the undersupply of opportunity has led to an increase in demand from investors – looking for ‘blue chip, safe holdings."
“No matter what happens in the economy, or even in life, everyone who drinks it, needs their daily coffee fix to jump start their morning, and the hundreds of people walking past 37 York Street certainly enjoy what Normcore has to offer."
According to recent data, 75 percent of Australians have at least one coffee per day, and of those, 28 percent have more than three cups per day.
 
 
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14 sqm York Street, Sydney Normcore Coffee premises sold for $112,143 per sqm at auction

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Sydney’s second biggest CBD, <a href="/new-apartments/parramatta-nsw">Parramatta</a>, is seeing an influx of development in the heart of its major business and commercial centre. Growing in population above 27,000 people, residential high rise projects are being focused to the city centre, resulting in a new wave of urban density.

The culturally diverse suburb is the oldest inland English settlement which is now home to a myriad of Heritage buildings, the 10th largest shopping centre in Australia, Westfield Parramatta, the renewed Western Sydney Stadium along the Parramatta River, a vibrant Church Street with boutiques, cafes, bars and Indian and Chinese cuisine options and Western Sydney University. 

With NAB relocating 3000 employees from <a href="/developments/sydney-nsw">Sydney CBD</a> to Parramatta CBD, revamped works of major roads, squares and the main service station, Parramatta is experiencing a major boom.

Here are a few exciting projects igniting the city centre. 
 

<a href="/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 PHILLIPS STREET - RESIDENTIAL + HOTEL</a>

<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/woods_bagot_8_phillip_street.jpg" rel="gallery-all" title="Render by Woods Bagot"><img alt="" class="image-article-full-width-580px" height="1043" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woods_bagot_8_phillip_street.jpg?itok=w3r_iSHh" title="Render by Woods Bagot" width="580"></a>

<figcaption>Render by Woods Bagot</figcaption></figure>Woods Bagot’s 8 Phillips Street is a 55 story rhomboid-shaped glass tower will feature Sydney’s tallest rooftop bar, ‘Studio 54’ with sweeping views over the city. 
The tower will comprise of 314 luxury one, two and three bedroom apartment configurations including studio and penthouse options and the QT Boutique Hotel with over 200 deluxe rooms and 50 executive suites.

<a href="/architects/woods-bagot">Woods Bagot</a> boldly incorporates the existing heritage building, the 1926 St. Andrew’s Hall, by integrating it into the entrance with the new development floating above, making for a stunningly impressive residents lobby and streetscape. The five story trapeze garden at the entrance to the tower is just a hint of what’s to come with balcony overhanging plants and a rooftop garden featuring contemporary native Australian species, planted to create a secret garden oasis with intimate communal spaces. 
 

<a href="/buildings/the-lennox-12-phillip-street-parramatta">THE LENNOX - RESIDENTIAL</a>

<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/the_lennox_source_jpw.png" rel="gallery-all" title="Render by JPW Architects"><img alt="" class="image-article-full-width-580px" height="722" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_lennox_source_jpw.png?itok=wkRIFLHV" title="Render by JPW Architects" width="580"></a>

<figcaption>Render by JPW Architects</figcaption></figure><a href="/architects/jpw-architects">Johnson Pilton Walker Architects</a>’ The Lennox tower is one of many high rise residential developments springing up throughout Parramatta. Rising 152 metres above the Parramatta River, the uninterrupted views are one of the many 5 star amenities such as a private lounge room with entertainment deck, a pool, outdoor terrace and zen wellness and fitness centre.

The Lennox will be part of the gateway that is set to dominate the CBD’s skyline, being the first one many high rise towers visitors will see as they cross the bridge. The first three floors of the podium will include retail tenancies, a council owned discovery centre, a conference centre and a cafe with an upgrade riverfront for public use.

Many <a href="/developments/parramatta-nsw">Parramatta developments</a> aren’t just privatised residential components, but like The Lennox, have much to offer the public domain whether that be revitalising waterfronts, providing civic spaces or enlivening heritage structures. 
 

<a href="/buildings/west-village-88-church-street-parramatta">WEST VILLAGE - RESIDENTIAL</a>

<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/woods_bagot_west_village.jpg" rel="gallery-all" title="Rendering by Woods Bagot"><img alt="" class="image-article-full-width-580px" height="735" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woods_bagot_west_village.jpg?itok=A-Lfi2-l" title="Rendering by Woods Bagot" width="580"></a>

<figcaption>Rendering by Woods Bagot</figcaption></figure>The sophisticated residential tower provides 397 world class apartments across 40 floors and rising 150 metres above the Parramatta skyline. Woods Bagot has designed this high quality tower which aims to give the city centre that new edge and connect to the streetscape with ground floor retail and cafes.

Developers <a href="/developers/ecoworld-international">EcoWorld</a> have enlisted landscape architect Myles Baldwin to conceptualise the podium garden above level 7 with sweeping views of the Sydney CBD with fully equipped chef’s kitchen, alfresco dining options, leafy terraces and a barbeque area.

Rumours are that Malaysian favourite ‘Chinta Ria’ and gourmet Italian providore ‘Salt Meats Cheese’ are to open tenancy on the ground floor strip, proving that collaboration between developers, architects and suppliers have made for a very important and vibrant project.

As this development takes shape, by the time it completes in late 2019, it will have cemented itself into the Parramatta community fabric and truly embodies the city centre moving towards a progressive future. 
UPDATE: <a href="/news/parramatta-s-west-village-tops-out-at-40-levels">West Village tops out at 40 storeys</a> as of late November 2019 with a 95% sales rate success. Designed by <a href="/architects/woods-bagot">Woods Bagot</a>, the tower features 398 luxury one, two and three bedroom apartments which rise from the vibrant ground floor retail precinct. 

 

<h2><a href="/developments/parramatta-nsw-2150">PARRAMATTA SQUARE - OFFICE, MIXED USE</a></h2>

<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/parramatta_square_source_jpw_architects.jpg" rel="gallery-all" title="Render by JPW Architects"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/parramatta_square_source_jpw_architects.jpg?itok=4qxvXTX3" title="Render by JPW Architects" width="580"></a>

<figcaption>Render by JPW Architects</figcaption></figure>Masterplanned by <a href="/architects/jpw-architects">Johnson Pilton Walker Architects</a> as a response to the growing city, Parramatta Square comprises of 6 stand alone buildings with their own importance to the urban renewal precinct. The towers, a commercial tower to which is the new campus for 10,000 Western Sydney University students, a mixed use residential tower, proposed to be the tallest for Parramatta, a 5 Star Green office tower including a civic building, community centre and library, a 5 Star Green commercial and retail building central to the square and dual 5 Star Green energy office towers.

The 6000 square metres of open space is dedicated and centred around the rich heritage sandstone of St. John’s Cathedral and the Parramatta Town Hall and is pedestrianised with green space and public plazas to connect and integrate the new commercial, residential and community buildings.

Connected either side of the precinct by a future light rail extension and Parramatta Station, visitors and locals will be able to flow through the community heart with ease. 

Parramatta Square is about providing a higher quality of life for residents and workers with a world class premium health and fitness club, an A-grade child care facility and bespoke Business and Events centre with meeting rooms and auditoriums making the work/life integration effortless.

 

<h2>ARTHUR PHILLIP HIGH SCHOOL - EDUCATION</h2>

<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/arthur_phillip_-_grimshaw_and_bvn.png" rel="gallery-all" title="Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture."><img alt="" class="image-article-full-width-580px" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/arthur_phillip_-_grimshaw_and_bvn.png?itok=PeIvPKpF" title="Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture." width="580"></a>

<figcaption>Arthur Phillip vertical school by Grimshaw Architects and BVN Architecture.</figcaption></figure>Arthur Phillip High School is Australia’s first vertical high school accommodating 2000 students across 16 floors of educational indoor and outdoor facilities. 
With flexible teaching spaces, adaptable room configurations and technology rich rooms that expand small to large for certain class sizes, the design aspect will mean that students and teachers will benefit from their environment with better opportunities for collaboration and personalised learning.

The collaborated architectural and landscape design by <a href="/architects/grimshaw-architects">Grimshaw Architects</a> and <a href="/architects/bvn-architecture">BVN Architecture</a> helps to deliver a truly remarkable community engaged structure aimed to meet the growth of secondary students in and around the Parramatta catchment area.

Opening in 2020, the high school will join the 1000 student facility Parramatta Public School on the existing school sites with combined tennis and basketball courts, a football field and rooftop gardens for both structures as social and environmental consciousness is encouraged.

With this development, Parramatta is set to become an even more exciting, vibrant and inclusive hub for innovation, technology, retail and commercial business. 
A fly through <a href="/news/council-offers-a-glimpse-of-what-parramatta-will-look-like-in-the-near-future">unveiling the future of the CBD</a> has been released via The City of Parramatta Council encompassing 30 different projects that won design excellence competitions over the past four years with the council stating they have a combined development value of $5.5 billion.

<h2> </h2>

 
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Nick Dante

Parramatta: Suburb Guide. Highlighting new developments in Sydney's second CBD

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Australia has come a long way in terms of planning and development, but times are changing fast. 
With <a href="/architects">architects</a> recognising the impact on climate change and urban sprawl more so than our government, we are seeing projects that challenge the status quo and influence social change through thoughtful design. 
Design can be used to address social equity and diversity in urban environments by providing affordable housing, green space, sustainable living, appropriate density and a green lean towards public transport and cycling facilities. 

Collaborating with other architects and the community to leverage projects that deliver a deep and sustained social benefit is at the forefront of this movement.  
This allows architects to call out social and environmental inequality by simply providing alternative living and civic spaces with the idea of working with communities instead of working for them. 
With erosion threatening beachfront properties along the coast of Western Australia, Queensland and New South Wales, and the threat of rising sea levels impacting where almost 40% of all Australians livelihood, smart design and planning is most important to influencing and adapting the way we live to retain our lifestyles. 

There are a few projects that unknowingly push the boundaries in opening up discussions between communities on sustainable living and the impact of urban sprawl such as <a href="/architects/breathe-architecture">Breathe Architecture’s </a>Nightingale proposal for Ballarat.

<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/11325664-3x2-940x627_0.jpg" rel="gallery-all" title="Rendering of the Nightingale Ballarat project by Breathe Architecture"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/11325664-3x2-940x627_0.jpg?itok=_BUzUGSu" title="Rendering of the Nightingale Ballarat project by Breathe Architecture" width="580"></a>

<figcaption>Rendering of the Nightingale Ballarat project by <a href="/architects/breathe-architecture">Breathe Architecture</a></figcaption></figure> 
The architectural form of the project is driven to respond to its surrounding heritage brick industrial buildings along Davey Street and the city centre of Ballarat.  
Breathe’s design strategy is to provide more with less, with untreated, tactile and durable materials recycled where possible.

The landscaped courtyard and gardens offer the ability for deep root planting, which encourages residents to grow and sustain vegetables and plants. The facade is also immersed in native plants giving a deep sense of community pride. Through careful material usage and recycled content where possible, Nightingale Ballarat is to be a carbon zero emissions building. Recycled water, renewable energy sources and high quality waste management attribute to the future residents low cost living.

“Nightingale Ballarat has been designed to make sustainable living simple. Common elements like the roof garden and deck, laundry and clotheslines, bicycle parking and shared building services offer a collectively better outcome. By providing meaningful social and utility-based spaces, we look to encourage interaction and activity with friends and neighbours.” - <a href="/developers/nightingale-housing">Nightingale Ballarat </a>Resident Package.

Open walkways with vertical greenery connect the apartment levels, creating spaces for residents to stop and converse. All apartments have an east or west facing living areas with a private balcony providing planter boxes to allow greenery to grow along the facade as well as natural ventilation and daylight adding additional amenity for the residents.

The development has opened up a major discussion for Ballarat residents about the negative impact of urban sprawl, with the population set to grow by 40,000 people in the next two decades. Nightingale offers the first socially beneficial solution that the residents of Ballarat recognise more as a typical Melbourne development and thus are not yet accustomed to within their own city. 
Victoria’s satellite cities are growing at a fast rate as well as Melbourne’s outer suburbs and in Ballarat alone, there are undeveloped, empty lots within the existing city structure that could be developed respectfully to accommodate for this population growth. 
 

<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/86a357642d9acbbb786ca1cd7569f38c_1.jpg" rel="gallery-all" title="Rendering of the Ivanhoe Housing Estate in Macquarie Park, Sydney"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/86a357642d9acbbb786ca1cd7569f38c_1.jpg?itok=M1YFNhcX" title="Rendering of the Ivanhoe Housing Estate in Macquarie Park, Sydney" width="580"></a>

<figcaption>Rendering of the Ivanhoe Housing Estate in Macquarie Park, Sydney</figcaption></figure> 
A project unfolding in the Sydney suburb of <a href="/new-apartments/macquarie-park-nsw-2113">Macquarie Park</a> is the Ivanhoe public-private housing estate. 
The development is an integrated social housing precinct that offers community facilities, a school, retail, green space and ‘tenure blindness’ for residential properties. 
This is a social leap into disbanding the stigma between private, social housing and rental properties as tenure blindness offers a connectivity of all diversities and demographics.

The existing <a href="https://ivanhoeestate.com.au/">Ivanhoe Housing Estate</a> is set to be demolished to provide an updated private-public mixed community precinct to which benefits social and environmental strains. 
The architecture practices involved with the project are <a href="/architects/bates-smart">Bates Smart</a>, which produced the masterplan, <a href="/architects/candalepas-associates">Candalepas Associates</a>, <a href="/architects/turner-studio">Turner</a>, <a href="/architects/cox-architecture">Cox Architecture</a> delivering residential and community facilities and <a href="/architects/hassell-studio">Hassell</a> whom are responsible for the project’s urban design and landscape architecture. 

The development will include 3000 apartment units replacing the 259 current social housing units on site with a private vertical high school for 1000 students, a 120-bed residential aged care, two childcare centres, a supermarket, cafe’s, specialty retail shops, a multi-functional centre with a hall, gymnasium, pool and outdoor play areas and exercise stations. 
Local infrastructure will be improved for easy accessibility and connectivity and sustainable measures such as solar panels, green roofs, water capture and reuse as well as incorporating car-share facilities and a bicycle space for each dwelling keeps the precinct at a six Star Energy Rating.

The Ivanhoe Housing Estate opens Australian’s eyes to how we perceive each other and help to break down social barriers of classism and elitism that we may hold against each other. 
As communities integrate and Australia becomes one of the most multicultural countries globally, we must progress in our thinking and feelings towards each other to which density can provide that close kinship. 
The proposal has been massively influenced by community engagement and have opened up to existing residents and locals to participate in the discussion. Having social or privately owned apartments not perceivable by the public domain encourages social equality and a deconstruction of stigmatic and biased views once shared between community.

 
The architecture and urban planning industry can progress forward and benefit from a sense of personal accountability and understanding on the issues that face us in Australia. 
The outcome of these projects can no longer be just a building, but a living entity that impacts social life, so instead of thinking about providing shelter, we need to think about providing a higher quality of life.

 

 

 

 
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Architecture as a tool for social change

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Located in the of Sydney, Liverpool has just cemented itself as Sydney’s third CBD with the approval of the city’s tallest commercial office tower designed by <a href="/architects/fk-australia">Fender Katsalidis</a>. 
Developed by Macky Corp, the tower stands as a new gateway to Liverpool with 23 levels of grade A office space, 1,500sqm of co-working space and 640sqm of ground retail space. 
Additionally, the refurbishment of the New Commercial Hotel alongside with a two level development known as ‘The Stables’ which reflects the current heritage landscape and will be the podium to the curved glass tower above. The design draws upon the aesthetic of Liverpool’s brick buildings, green corridors and riverbank. The elegantly curved design of the tower is shaped to allow sunlight to enter the heritage precinct below. 
The alley with boutique retail, eateries, cafes and bars stretching from Bigge Street to Scott Street will provide <a href="/new-apartments/liverpool-nsw-2170">Liverpool</a> residents with a destination that the area truly deserves and has been long awaited. 
 

<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/fk_liverpool_aerial_day_20_lg_07_low_res.jpg" rel="gallery-all" title="Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings."><img alt="" class="image-article-full-width-580px" height="829" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_aerial_day_20_lg_07_low_res.jpg?itok=PjFdIjZd" title="Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings." width="580"></a>

<figcaption>Render of the Liverpool Quarter precinct with incorporated civic space and heritage buildings.</figcaption></figure> “Liverpool Quarter is a landmark project that will transform the area and enhance its surrounds,” says <a href="/architects/fk-australia">Fender Katsalidis</a> director Mark Curzon. “The building will act as a regional marker welcoming ones arrival into the city whilst creating an exciting new civic precinct celebrating its heritage.”

The Liverpool Quarter development is a response to the growing commercial interest in the area with the approval of nearby Western Sydney Airport and intimate connectivity to the Sydney CBD via public transport services. The development is welcomed by the Liverpool City Council as a perfect example for the type of developmental growth the new CBD needs.

“What drew us to Liverpool was the unprecedented infrastructure investment. We were attracted to this site given it was opposite the train station but also because of the three-storey heritage pub that was once the gateway to the city from the river and the east. Liverpool Quarter will stand proud as the gateway to the city and the refurbished pub alongside The Stables will create a destinational food and beverage precinct” says <a href="/news/mackycorp-lines-up-a-major-liverpool-office-development">Macky Corp</a> director Michael Hercus. 
 

<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/fk_liverpool_plazaviewin_146_lg_07.jpg" rel="gallery-all" title="Liverpool Quarter's plaza and community space"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_plazaviewin_146_lg_07.jpg?itok=X1NhqUlj" title="Liverpool Quarter's plaza and community space" width="580"></a>

<figcaption>Liverpool Quarter's plaza and community space</figcaption></figure> 
Katsalidis design gives plenty of “breathing space” between the existing New Commercial Hotel and the new tower, providing the area with a high level of community engaged, civic space.

“The people of Liverpool and the south-west deserve better. They are tired of travelling great distances to work and to experience quality food, beer and wine in a clean and safe environment. Liverpool Quarter will be a place for the people of Liverpool and the south-west to be proud of and call their own” says Hercus.

<a href="/new-apartments?bedrooms%5Bvalue%5D=0&amp;bedrooms%5Bvalue2%5D=5&amp;bedroom-prices%5Bvalue%5D=0&amp;bedroom-prices%5Bvalue2%5D=8&amp;field_local_government_area_name=Sydney%20%28City%29">Sydney CBD</a> and <a href="/new-apartments/parramatta-nsw">Parramatta</a> have been leading the commercial office market with low vacancy levels at 0.8% in some areas for A grade office buildings. Located opposite Liverpool Station, the $210 million dollar development will be amongst local destinations such as Macquarie Street, Biggie Park, Georges River, Liverpool Hospital and Westfield Liverpool and changes the shape and evolution of Australia’s fourth oldest town.

Liverpool’s current population of 210,000 is expected to explode to over 331,000 by 2036, thus being dubbed Sydney’s third CBD to which residents will be able to find pride and engage in their community.

<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/fk_liverpool_streetplazaend_62_lg_07_low_res.jpg" rel="gallery-all" title="The incorporated New Commercial Hotel and Stables entrance"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fk_liverpool_streetplazaend_62_lg_07_low_res.jpg?itok=o2EVIOXt" title="The incorporated New Commercial Hotel and Stables entrance" width="580"></a>

<figcaption>The incorporated New Commercial Hotel and Stables entrance</figcaption></figure>Construction of the tower commences in late 2019 with an expected completion in late 2021. 
All images by Fender Katsalidis
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Fender Katsalidis' Liverpool Quarter Tower receives the green light

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Kyko Group managing director Mary Wong-Jenkings has listed her Macquarie Street, Sydney apartment with $4.6 million hopes.
She paid $3.75 million for the three-bedroom 198 square metre unit in the Renzo Piano-designed complex overlooking the Botanic Garden in 2016.
Sydney Sotheby’s agents Harriet France and Tony Barron have the listing.
It continues Wong-Jenkings’ recent disposal of assets.
Last year she sold The Drawing Rooms of Berry in Woodhill for $3.8 million and before that her apartment in the Pomeroy, Potts Point, which fetched $4 million.
This article was first published in the Saturday Daily Telegraph. 
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firstname1-iYD4UYzvBa

Mary Wong-Jenkings lists Macquarie Street, Sydney apartment

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Sydney house prices have risen in more than half of the city’s regions in the June quarter, new Domain data shows.
But overall Sydney house and unit price did decline by 0.4 percent.
It was the smallest quarterly fall since December 2017, according to Domain’s June House Price Report. 
<div class="in-content-ad">The median house price dropped to $1,032,338 – back to early 2016 levels while the median unit price has dropped to $688,652, back to mid-2015 levels.</div>
“It’s likely that prices have bottomed out in Sydney recently,” said Domain economist Trent Wiltshire.
 “This is the biggest downturn in property prices since the 1980s …  it looks to be at least close to an end.”
Sydney’s median house prices
<table style="width: 731px;">
<thead><tr>
<td width="87"> </td>
<td width="136">MEDIAN PRICE</td>
<td width="87">QOQ CHANGE</td>
<td width="87">YOY CHANGE</td>
</tr></thead>
<tbody>
<tr>
<td width="87">Blue Mountains</td>
<td width="136">$650,100</td>
<td width="87">0.29%</td>
<td width="87">-3.69%</td>
</tr>
<tr>
<td width="87">Canterbury Bankstown</td>
<td width="136">$825,000</td>
<td width="87">-1.20%</td>
<td width="87">-12.23%</td>
</tr>
<tr>
<td width="87">Central Coast</td>
<td width="136">$605,000</td>
<td width="87">-0.82%</td>
<td width="87">-6.92%</td>
</tr>
<tr>
<td width="87">City and East</td>
<td width="136">$2,125,000</td>
<td width="87">-5.87%</td>
<td width="87">-8.44%</td>
</tr>
<tr>
<td width="87">Inner West</td>
<td width="136">$1,448,750</td>
<td width="87">3.48%</td>
<td width="87">-7.72%</td>
</tr>
<tr>
<td width="87">Lower North Shore</td>
<td width="136">$2,300,000</td>
<td width="87">4.55%</td>
<td width="87">-4.96%</td>
</tr>
<tr>
<td width="87">North West</td>
<td width="136">$1,170,000</td>
<td width="87">1.74%</td>
<td width="87">-7.87%</td>
</tr>
<tr>
<td width="87">Northern Beaches</td>
<td width="136">$1,610,000</td>
<td width="87">-3.01%</td>
<td width="87">-6.40%</td>
</tr>
<tr>
<td width="87">South</td>
<td width="136">$1,050,000</td>
<td width="87">1.69%</td>
<td width="87">-11.76%</td>
</tr>
<tr>
<td width="87">South West</td>
<td width="136">$671,000</td>
<td width="87">0.15%</td>
<td width="87">-7.54%</td>
</tr>
<tr>
<td width="87">Upper North Shore</td>
<td width="136">$1,600,000</td>
<td width="87">1.59%</td>
<td width="87">-3.03%</td>
</tr>
<tr>
<td width="87">West</td>
<td width="136">$675,000</td>
<td width="87">-1.46%</td>
<td width="87">-6.90%</td>
</tr>
<tr>
<td colspan="4">
Source: Domain House Price Report, June Quarter 2019
 
</td>
</tr>
</tbody>
</table>
Wiltshire said the recovery was skewed to higher-priced areas: lower north shore house prices recorded the strongest growth of 4.55% to $2.3 million in the June quarter.
It was followed by the inner west, up 3.48% to $1,448,750.
The upper north shore median increased 1.59 per cent to $1.6 million in the quarter ending in June.
Over the quarter, Melbourne median house prices rose 0.3%.
The best performer was Canberra, who saw their median house price over the quarter jump 1.5%.
It was followed by Hobart whose house prices rose 0.7%.
Capital city median house prices
<table><tbody>
<tr>
<td width="193" data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.022826086956521774}'> </td>
<td width="215">Median house price</td>
<td width="136">QoQ</td>
<td width="87">YoY</td>
</tr>
<tr>
<td>Sydney</td>
<td data-sheets-value='{"1":2,"2":"Sydney"}'>$1,032,338</td>
<td data-sheets-value='{"1":2,"2":"$1,032,338"}'>-0.4%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.004}'>-9.1%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Melbourne"}'>Melbourne</td>
<td data-sheets-value='{"1":2,"2":"$818,237"}'>$818,237</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.003}'>0.3%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.077}'>-7.7%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Brisbane"}'>Brisbane</td>
<td data-sheets-value='{"1":2,"2":"$559,167"}'>$559,167</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.014}'>-1.4%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.018}'>-1.8%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Adelaide"}'>Adelaide</td>
<td data-sheets-value='{"1":2,"2":"$540,473"}'>$540,473</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.001}'>-0.1%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.014}'>1.4%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Perth"}'>Perth</td>
<td data-sheets-value='{"1":2,"2":"$528,186"}'>$528,186</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.02}'>-2.0%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.054}'>-5.4%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Hobart"}'>Hobart</td>
<td data-sheets-value='{"1":2,"2":"$474,423"}'>$474,423</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.007}'>0.7%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.039}'>3.9%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Canberra"}'>Canberra</td>
<td data-sheets-value='{"1":2,"2":"$741,947"}'>$741,947</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.015}'>1.5%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.001}'>-0.1%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Darwin"}'>Darwin</td>
<td data-sheets-value='{"1":2,"2":"$502,521"}'>$502,521</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.023}'>-2.3%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.029}'>-2.9%</td>
</tr>
<tr>
<td colspan="4" data-sheets-value='{"1":2,"2":"Darwin"}'>
Source: Domain House Price Report, June Quarter 2019
</td>
</tr>
</tbody></table>
Sydney’s median unit prices
Sydney's median unit prices didn't perform as well as houses over the June quarter in the same areas.
The worst performer was the Central Coast, whose 7.37% June quarter change took its year on year change to over 10%.
The worst performer year on year is the Canterbury Bankstown area which saw declines over 16.6%.
<table style="width: 826px;"><tbody>
<tr>
<td width="87"> </td>
<td width="136">Median price</td>
<td width="87">QoQ change</td>
<td width="87">YoY change</td>
</tr>
<tr>
<td width="87">Canterbury Bankstown</td>
<td width="136">$500,000</td>
<td width="87">-3.10%</td>
<td width="87">-16.67%</td>
</tr>
<tr>
<td width="87">Central Coast</td>
<td width="136">$440,000</td>
<td width="87">-7.37%</td>
<td width="87">-10.39%</td>
</tr>
<tr>
<td width="87">City and East</td>
<td width="136">$910,000</td>
<td width="87">1.11%</td>
<td width="87">-7.61%</td>
</tr>
<tr>
<td width="87">Inner West</td>
<td width="136">$740,000</td>
<td width="87">2.07%</td>
<td width="87">-5.73%</td>
</tr>
<tr>
<td width="87">Lower North Shore</td>
<td width="136">$852,000</td>
<td width="87">-7.89%</td>
<td width="87">-9.36%</td>
</tr>
<tr>
<td width="87">North West</td>
<td width="136">$660,000</td>
<td width="87">-2.22%</td>
<td width="87">-9.47%</td>
</tr>
<tr>
<td width="87">Northern Beaches</td>
<td width="136">$780,000</td>
<td width="87">-2.50%</td>
<td width="87">-11.11%</td>
</tr>
<tr>
<td width="87">South</td>
<td width="136">$640,000</td>
<td width="87">-4.48%</td>
<td width="87">-10.65%</td>
</tr>
<tr>
<td width="87">South West</td>
<td width="136">$438,000</td>
<td width="87">-2.67%</td>
<td width="87">-10.61%</td>
</tr>
<tr>
<td width="87">Upper North Shore</td>
<td width="136">$723,000</td>
<td width="87">0.42%</td>
<td width="87">-6.10%</td>
</tr>
<tr>
<td width="87">West</td>
<td width="136">$520,000</td>
<td width="87">-5.45%</td>
<td width="87">-11.26%</td>
</tr>
<tr>
<td colspan="4" width="87">
Source: Domain House Price Report, June Quarter 2019
</td>
</tr>
</tbody></table>
Across the capitals Melbourne was the only one with an increase in the median unit price, up 2%.
Darwin continued its damaging decline, a further 4.8% to be 10.4% down on the year.
Capital city median unit prices
<table style="width: 631px;"><tbody>
<tr>
<td width="193" data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.029}'>City</td>
<td width="215">Median unit price</td>
<td width="136">QoQ</td>
<td width="87">YoY</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Sydney"}'>Sydney</td>
<td>$688,652</td>
<td data-sheets-value='{"1":2,"2":"$688,652"}'>-0.40%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.072}'>-7.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Melbourne"}'>Melbourne</td>
<td data-sheets-value='{"1":2,"2":"$501,009"}'>$501,009</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.02}'>2.00%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.007}'>-0.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Brisbane"}'>Brisbane</td>
<td data-sheets-value='{"1":2,"2":"$368,382"}'>$368,382</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.031}'>-3.10%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.089}'>-8.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Adelaide"}'>Adelaide</td>
<td data-sheets-value='{"1":2,"2":"$310,642"}'>$310,642</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.002}'>-0.20%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.006}'>0.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Perth"}'>Perth</td>
<td data-sheets-value='{"1":2,"2":"$342,930"}'>$342,930</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.016}'>-1.60%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.077}'>-7.70%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Hobart"}'>Hobart</td>
<td data-sheets-value='{"1":2,"2":"$356,751"}'>$356,751</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.064}'>-6.40%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.015}'>-1.50%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Canberra"}'>Canberra</td>
<td data-sheets-value='{"1":2,"2":"$448,737"}'>$448,737</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.014}'>-1.40%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":0.019}'>1.90%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Darwin"}'>Darwin</td>
<td data-sheets-value='{"1":2,"2":"$298,438"}'>$298,438</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.048}'>-4.80%</td>
<td data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-value='{"1":3,"3":-0.104}'>-10.40%</td>
</tr>
<tr>
<td colspan="4" data-sheets-value='{"1":2,"2":"Darwin"}'>
Source: Domain House Price Report, June Quarter 2019
</td>
</tr>
</tbody></table>
</body></html>

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