Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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 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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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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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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