Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Waterloo

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Statements by Sydney Lord Mayor, Clover Moore, that the proposed renewal of social housing at Waterloo will create ‘ghettos’ is a wrong interpretation of this project.
Sydney Lord Mayor, Clover Moore, has slammed the recent options for the redevelopment of the Waterloo social housing estate as a ‘planning disaster’ that will produce ‘ghettos of the future’. Her comments are an emotive exaggeration of the proposals and use negative words that will upset residents in the estate. The comments are part of a growing approach by Sydney politicians to use very negative language about new development so they appear to be championing their voters. 
The Waterloo redevelopment will provide around 800 people per hectare which is less than the award winning Central Park project on Broadway which has around 1,000 people per hectare. It will certainly not be a ‘ghetto of the future’ as the Lord Mayor has stated. The most dense option with 7,200 apartments has 4 hectares of public park within the 18 hectare site which is a significant size. On top of this the nearby Alexandria Park has another 6 hectares and adjoining parkland to the Waterloo site has another 3 hectares. 
As well as the extensive amount of parkland on and adjacent to the site there will be a new metro rail station as part of the urban renewal project as well as community facilities and shops and restaurants.
The Lord Mayor’s alarmist statements talk about ‘dark’ towers yet they haven’t been designed yet and ‘overshadowed’ parks yet the location of tall buildings has little impact on the public park. Importantly the government’s options allow a diverse mixture of housing from market to affordable and social housing.
It is the state government that is funding the metro rail line and who is responsible for the social housing tenants so it is the state government’s role to ensure that an economically viable solution occurs that will bring about real change. The Council of the City of Sydney should get behind the project rather than use exaggerated language to try to derail the project by creating fear in the eyes of the social housing tenants. Governments and councils have talked for decades about the importance of a new character for the Waterloo social housing estate. We now have a number of options that can lead to real outcomes and this needs support rather than attack. 
Chris Johnson is the CEO of The Urban Taskforce
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cjohnson-8xfqfuuCSq

Emotive language on ghettos wrong for Waterloo renewal: Chris Johnson

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An announcement last week by the NSW state government has advanced plans for the urban renewal of Waterloo's public housing estate.

Options for the renewal of the estate sees towers of up to 40 storeys envisaged, effectively making the current public housing estate an add on the the adjacent <a href="https://www.ugdc.nsw.gov.au/growth-centres/redfern-to-waterloo/metro-quarter/">Waterloo Metro Quarter</a> development. As many as 7,200 new dwellings are expected within the estate, effectively tripling the current housing number.

Private dwellings are on the agenda, accounting for as many as 70 per cent of the expected housing stock, with the balance dedicated toward affordable and public housing.

<a href="https://www.communitiesplus.com.au/major-sites/waterloo">Three options have been tabled for the 18 hectare estate</a>, dubbed Waterloo Estate, Waterloo Village Green and Waterloo Park.

<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/image142_1.jpg" rel="gallery-all" title="The area subject to renewal. Image: Communities Plus"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image142_1.jpg?itok=0KsQHK1U" title="The area subject to renewal. Image: Communities Plus" width="580"></a>

<figcaption>The area subject to renewal. Image: Communities Plus</figcaption></figure>Unsurprisingly development industry peak body Urban Taskforce Australia was highly supportive of Waterloo's renewal. Additionally Urban Taskforce CEO Chris Johnson also passed comment on the current wider Sydney planning environment.

<blockquote>
The NSW Government’s promotion of high rise development at Waterloo should also occur on private sector sites around railway stations but in a pre-election environment much planning is on hold.

We support the extent of development proposed at Waterloo but the government seems to be concerned about similar developments in Marrickville and Ryde where planning has been delayed. It is pleasing to see the NSW Government proposing 40 storey buildings along with 20 and 30 storey residential towers around the proposed metro station.

This gives the private sector confidence that tall residential buildings are supported at a time when there is much community concern about the changing character of Sydney.

The Urban Taskforce supports the use of large sites, like the old brewery site on Broadway, for urban renewal projects as their scale can create the amenities and open space for the new community. We believe that there are many decaying industrial sites across the inner west that could produce quality developments like the one proposed at Waterloo.

At a time of a big swing in Sydney towards urban living the government must provide leadership to the community about the new shape of the city by supporting private development as well as public development. Unfortunately the pre-election environment has made the government nervous about development on private land and this will slow down housing supply.
</blockquote>

<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/image143_3.jpg" rel="gallery-all" title="Waterloo Redevelopment Options is available for public comment. Image: Communities Plus"><img alt="" class="image-article-full-width-580px" height="568" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image143_3.jpg?itok=c5tGYZez" title="Waterloo Redevelopment Options is available for public comment. Image: Communities Plus" width="580"></a>

<figcaption>Waterloo Redevelopment Options is available for public comment. Image: Communities Plus</figcaption></figure>With a development timeframe of 15 to 20 years, the estate's masterplan is taking shape with an aim of "reflecting the community’s needs and priorities along with the findings from a range of technical studies".

The trio of development options are now subject to a period of public feedback prior to a preferred plan being adopted. Beyond the adoption of and implementation of the preferred masteplan, it will be referred to Department of Planning and Environment for assessment in order to be ratified.

Further information on the Waterloo estate urban renewal can be found <a href="https://www.communitiesplus.com.au/major-sites/waterloo">here</a>.
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silvermb

UTA lauds Waterloo's proposed urban renewal as a benchmark for Sydney

Crown Group&#39;s intentions for a sizeable tract of Waterloo land have become clearer, with five separate development applications now before City of Sydney.

Most notable is the exhibition of Building C which is&nbsp;44-48 O&rsquo;Dea Avenue&#39;s largest intended building. <a href="https://www.crowngroup.com.au/crown-group-reveals-first-image-kengo-kuma-designed-tower/">Already flagged by the developer</a> earlier in the year,&nbsp;Building C combines the design talents of&nbsp;Koichi Takada Architects with Japan-based Kengo Kuma and Associates.

The distinct 20 storey tower includes a cantilevered infinity-edge pool atop the building, gym and community room. Externally the facade is laden with greenery&nbsp;with the intent of emulating a stacked forest.

The tower includes 153 apartments, split between 11 studio, 42 single, 84 double and 16 triple bedroom configurations. 123 vehicle bays are included within 4 basement levels.

<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/image95_5.jpg" rel="gallery-all" title="Street level perspective. Planning image: KTA / KKAA"><img alt="" class="image-article-full-width-580px" height="362" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image95_5.jpg?itok=DynewUJy" title="Street level perspective. Planning image: KTA / KKAA" width="580" /></a>

<figcaption>Street level perspective. Planning image: KTA / KKAA</figcaption>
</figure>

On&nbsp;the design, the architectural partnership provides the following commentary:

<blockquote>
The building form creates a gentle and responsive transition from the tower to podium creating a better urban relationship to the lower scale developments within the immediate context.

The use of wood look battens across the facade creates a high level of articulation and dynamism along the entire building length. The warm and natural material pallete is used throughout the building in order to create an intrinsic connection back to nature and is evident through the resort style amenities for the residents.

The relationship to nature is further strengthened through three predominant landscaped areas in the building. The design brings a high quality and architecturally responsive aesthetic along the entire streetscape and a new iconic gateway to the heart of Waterloo.
</blockquote>

<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/image96_1.jpg" rel="gallery-all" title="Interior space within Building C. Planning image: KTA / KKAA"><img alt="" class="image-article-full-width-580px" height="282" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image96_1.jpg?itok=FUeoBriZ" title="Interior space within Building C. Planning image: KTA / KKAA" width="580" /></a>

<figcaption>Interior space within Building C. Planning image: KTA / KKAA</figcaption>
</figure>

Simultaneously plans have been released for Crown Group&#39;s fifth and final instalment of their Waterloo development. Silvester Fuller&#39;s design for Building A will consist of 40 apartments within a 5 storey golden-laced edifice.

5 studio, 12 single, 19 double and 4 triple bedroom apartments are included above retail space and two basement levels for 38 vehicles.

Silverster Fuller say:

<blockquote>
The building is conceived as a community of dwellings connected by communal spaces. Its architectural identity celebrates the intersection of Archibald Avenue and Lachlan Place as an expressed front door and vertical connector, linking the Entry to the Communal Open Rooftop above.

The external connecting stair is a marker defining the building entry and connection to the rooftop garden. Creating a naturally lit and ventilated vertical circulation experience reinforces the wellness principles which underpin the design strategy.
</blockquote>

<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/image97_2.jpg" rel="gallery-all" title="Building A on display. Planning image: Silvester Fuller"><img alt="" class="image-article-full-width-580px" height="310" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image97_2.jpg?itok=WMzJM5op" title="Building A on display. Planning image: Silvester Fuller" width="580" /></a>

<figcaption>Building A on display. Planning image: Silvester Fuller</figcaption>
</figure>

With all five projects at planning, Crown Group are looking to add as many as 388 apartments over their O&#39;Dea Avenue site.&nbsp;

The collection of buildings seemingly hold a similar architectural language in style and colours, although as has been noted the buildings&nbsp;express their own &quot;clear identity within a collection of individual buildings designed to balance diversity with a sense of place.&quot;

Crown Group&#39;s Waterloo precinct will slot in behind a number of other Sydney projects the developer has in progress. Marquee projects&nbsp;<a href="/buildings/arc-by-crown-group-161-clarence-street-sydney">Arc by Crown</a>,&nbsp;<a href="/new-apartments/zetland-nsw-2017">Infinity by Crown</a> and <a href="/buildings/castle-residences-sydney-116-castlereagh-street-sydney">Castle Residences</a> are at construction, leaving <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">Eastlakes Live</a> at sales and <a href="/buildings/waterfall-by-crown-group-18-20-odea-avenue-waterloo">Waterfall by Crown</a> as forthcoming projects.

[smartcode_project_cta: project_id=7020]

<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/image99_3.jpg" rel="gallery-all" title="Building B, D and E round out Crown Group's Waterloo intentions"><img alt="" class="image-article-full-width-580px" height="204" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image99_3.jpg?itok=WXKgzChr" title="Building B, D and E round out Crown Group's Waterloo intentions" width="580" /></a>

<figcaption>Building B, D and E round out Crown Group&#39;s Waterloo intentions</figcaption>
</figure>

Crown Group's design full house for Sydney's Waterloo

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The warehouse that was the home of Danks Street Produce Merchants in Waterloo until earlier this year is up for sale.
The Quattroville family closed operations in February having spent $13 million on the project at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-nsw-waterloo-502779458" target="_blank">3-7 Danks Street, Waterloo.</a>
They were rumoured to have spent $3 million on renovations and $10 million on the property and a neighbouring space in 2013.
The building, which was once home to the first Fratelli Fresh outlet, is being marketed by CBRE in conjunction with Gunning Real Estate.
There's an existing net lettable area of 3,350 square metres and has the ability to be increased to 4,250 square metres.
The Produce Market, which included a 100-seat restaurant, only lasted 18 months.
It was filled with fresh food produce, butcheries and boutique food stalls.
The family's patriarch and veteran foodie Peter Quattroville cited the likes of Uber Eats and Deliveroo as changing the industry.
The Quattrville family head up Mosman's Fourth Village.
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Quatroville family list Danks Street Produce Merchants space

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Crown Group have lodged their second development application within a month for a large tract of land in Waterloo.

Building D is the second of five separate land parcels within the developer's expansive site which falls across the Lachlan Precinct renewal area. Addressed 44-48 O'Dea Avenue, the development in its entirety will see buildings of up to 20 levels delivered.

For the time being though Crown Group has seen it fit to focus on the smaller-scale aspect of their budding precinct. The freshly lodged Building D at 7 levels is similar in scale to <a href="/news/koichi-takada-designs-crown-groups-next-considerable-residential-project">Building E which was lodged during March</a>, albeit with a lower overall apartment count.

As with the first stage, Koichi Takada Architects have been given the design duties.

<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/image11_22.jpg" rel="gallery-all" title="Archibald Avenue and Reed Street perspective. Planning image: Koichi Takada Architects"><img alt="" class="image-article-full-width-580px" height="307" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image11_22.jpg?itok=dXav2A5-" title="Archibald Avenue and Reed Street perspective. Planning image: Koichi Takada Architects" width="580"></a>

<figcaption>Archibald Avenue and Reed Street perspective. Planning image: Koichi Takada Architects</figcaption></figure>Building D contains 7 commercial tenancies and 44 residential apartments above 2 levels of basement parking and services. The intended apartment split sees 2 studios, 12 single bedroom, 24 double bedroom and 6 triple bedroom apartments rolled into the building.

Both Buildings D and E maintain similar external gold banding, although Building D's external arrangement is in a vertical configuration. Koichi Takada Architects describe Building D as follows:

<blockquote>
The development is organised in 2 primary masses formed in a L-shape. This comprises of a 4 storey low rise built form along Archibald street, and a 7 storey mid rise fronting Gadigal Ave.

The continuous awning both enhances the streetscape quality and continuous nature of the active street frontage. The upper floors integrate a vertical blade treatment along the facade which assists in breaking down the massing.

As the facade wraps around the building on the three primary frontages, it assists in creating a dynamic facade that helps to break down the apparent mass and visual bulk of the building. The built form is driven by principles of natural ventilation, solar access and visual privacy. 
</blockquote>

<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/image14_16.jpg" rel="gallery-all" title="Crown Group's initial Waterloo site. Planning image: Koichi Takada Architects"><img alt="" class="image-article-full-width-580px" height="382" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image14_16.jpg?itok=37FzSdoj" title="Crown Group's initial Waterloo site. Planning image: Koichi Takada Architects" width="580"></a>

<figcaption>Crown Group's Waterloo site. Planning image: Koichi Takada Architects</figcaption></figure>Thus far combined apartment numbers between both lodged applications amount to 139.

Both are located within the Lachlan Precinct which forms part of the Green Square Urban Renewal Area. City of Sydney's vision for the Lachlan Precinct is that "it will continue to gradually transition from industrial and warehouse uses to a mixed-use residential neighbourhood with high-quality buildings and public spaces."

Crown Group's development site is strategic in that it holds the major axis intersection. Gadigal Avenue runs north-south and is pegged as a major mixed-use thoroughfare whilst Archibald Avenue is on an east-west setting and is slowly developing as the precinct's main retail and café strip.

Koichi Takada Architects' commentary on Building D's street level interaction included the following:

<blockquote>
Koichi Takada Architects focuses on a design that enhances both public and residential amenity. The ground plane opens to Archibald Ave, with a highly active retail frontage that will invigorate the streetscape and public domain, providing continuous row of retail tenancies.

The primary active frontage faces south while maximising the district outlook and enhancing available amenity.
</blockquote>

<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/image12_14.jpg" rel="gallery-all" title="The prospective view from Gadigal Avenue. Planning image: Koichi Takada Architects"><img alt="" class="image-article-full-width-580px" height="315" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image12_14.jpg?itok=Ug438OFN" title="The prospective view from Gadigal Avenue. Planning image: Koichi Takada Architects" width="580"></a>

<figcaption>Building D view from Gadigal Avenue. Planning image: Koichi Takada Architects</figcaption></figure>
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Crown Group doubles up in Waterloo

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Japanese architect Kengo Kuma’s design submitted in partnership with Australian architecture firm Koichi Takada Architects, has been named the winner in a competition to design Crown Group’s new tower for Sydney’s Waterloo. 
Forming part of a five-building development in Waterloo which also includes three buildings designed exclusively by Koichi Takada Architects and a building designed by Sydney-based architects Silvester Fuller, the 19-storey tower will feature a cantilevered infinity-edge rooftop pool, gym and community room with a plant-filled, green exterior designed to emulate a stacked forest.   The development at 48 O’Dea Avenue Waterloo will comprise 384 luxury apartments across five buildings, ranging 4 to 19 storeys and a mix of restaurants, cafes and shops. Overseen by the City of Sydney, a competition to design the development's tallest building attracted a high-calibre of entries judged by a panel of experts including independent architects, assessing architectural design excellence. The winning entry was officially announced today. It will be the first time Kengo Kuma and Associates has designed for the award-winning Australian developer founded with its first development in Bondi in 1996.   Renowned for his designs which show respect for tradition while considering the needs of the future, Kengo Kuma recently designed the 2020 Olympic Stadium Tokyo and the internationally-acclaimed V&amp;A museumin Dundee, Scotland.   Crown Group Chairman and Group CEO Iwan Sunito said he was proud to have the three architecture firms involved in the company’s landmark development in Waterloo.   The collaboration between Kengo Kuma and Koichi Takada was a world first, Mr Sunito said.   “Kengo Kuma and Koichi Takada each have their own unique style and ethos, which fit with Crown Group’s desire to push the boundaries of design,” he said.   “Both architects have proven to be true leaders in their field, renowned for their creativity. I feel the collaboration of the two will lead to something new and unique for Sydney.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/3/koch2.jpg" alt="">   “We are excited to be able to take the next step in furthering the path of Sydney as it becomes increasingly recognised for its leading architecture.   “This development will be a forward-thinking new addition to Sydney’s Green Square redevelopment precinct,” Mr Sunito added.   The development will be Crown Group’s third development in Waterloo, following the award-winning Viking by Crown Group completed in 2014 and the recently launched Waterfall by Crown Group.   Kengo Kuma founded Kengo Kuma and Associates, Inc. in 1990 and the company has established a long history in the architect’s home nation; Japan but last year made its first foray into Australia with a tower in Sydney’s Circular Quay and The Darling Exchange which forms part of the NSW Government’s $3.4 billion plan to redevelop Darling Harbour. Kengo studied at Columbia University in New York City and made the top five of last year's Dezeen Hot List.   “Our intention is to give a warm and a natural atmosphere to the community with unique design strategies,” Mr Kuma said.   “The upper volume of the tower seamlessly transforms into the lower part of the stepped terraces in order to create an intimacy between the building scale and the pedestrian scale on the street level. “Eaves wrapping the façade are covered by sticks which give a warm impression of the wood to the façade.   “The entire façade becomes a vertical urban forest by having a vegetation on each eave.   “Those strategies will blur and soften the profile building, and give a whole new image of the W48 precinct of the Waterloo,” Mr Kuma added.   With more than 40,000 jobs expected to be created in the Green Square area by 2030, the development will be home to hundreds of new Waterloo residents when completed in 2020.   Japanese-born Koichi Takada began his career in Tokyo and moved to Sydney in 1997. His firm Koichi Takada Architects has won multiple awards for its designs including residential, retail, hospitality and cultural venues. The new Waterloo development will be the fourth Crown Group development designed by Koichi Takada Architects, following Skye by Crown Group in North Sydney, Arc by Crown Group in the CBD and the multi award-winning Infinity by Crown Group in Green Square. “It is my honour to work alongside Kuma sensei, the Japanese master of architecture. It is a dream come true,” Mr Takada said.    “Responding to Kengo Kuma’s vision for the tallest of the five buildings, I am excited to design three low-rise buildings that create a dynamic architectural dialogue within the precinct.   “Crown Group’s on-going vision for Waterloo will continue to positively regenerate the area’s former industrial warehouses with an ‘organic’ and ‘healthy’ green neighbourhood, celebrated by their signature resort-style living for residents and a new street culture to benefit the public.   “I drew on an idea of ‘green luxury,’ finding inspiration in nature. Each building is designed with a ‘human touch’ to express its organic and distinct architectural character,” Mr Takada added.   More details of the development will be revealed in June and apartment sales are expected to begin later this year.   Crown Group will begin accepting registrations of interest from potential buyers in June.  
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Kengo Kuma’s ‘Stacking Forest’ design wins competition for new Sydney, Waterloo tower

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The Prince of Malaysia Tunku Naquiyuddin and his wife Her Royal Highness Tunku Hyati mingled with a VIP guest list at the launch of Crown Group’s $400-million residential project, Waterfall last night.
His Royal Highness joined City of Sydney Lord Mayor Clover Moore and Indonesian supermodel Paula Verhoeven at the red-carpet affair, which was expected to draw more than 1800 attendees.
Other highlights of the red carpet included local celebrities such as The Block Glasshouse winners, Simon and Shannon Voss (below) who were pictured conducting media interviews. 
<img src="https://www.urban.com.au/images/2017/05/18/rsz_1crownparty.png" alt="">
Guests were treated to the first glimpse of the model of the 331-apartment development.
The four-tower residential development is designed by Sydney-based architects SJB and will feature Australia’s tallest man-made waterfall.
Waterfall by Crown Group features studios, one, two and three-bedroom apartments, courtyard apartments and double-storey penthouses.
Iwan Sunito, chairman and group CEO, Crown Group, said after much-anticipation the company is pleased to share their vision creating a building which will revolutionise the use of green space in residential developments. 
“In 2015, Crown Group attracted more than 1500 guests to the red-carpet unveiling of its Green Square project, Infinity by Crown Group," he said.
“The evening was a unique celebration of innovation and design; a reflection of our continued push to go beyond the traditional boundaries of design to meet the needs of the future."
For more information, <a href="https://waterfallbycrowngroup.com.au" target="_blank">click here</a>.
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Prince of Malyasia attends Waterfall launch 

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Crown Group has unveiled Waterfall by Crown Group, a new project in Sydney’s Green Square precinct featuring Australia’s largest man-made waterfall.
Located at 18 O’dea Avenue Waterloo, the project is designed by architects SJB.
It will feature a seven-storey waterfall cascading down one of the development’s four elemental buildings.
“This development is something entirely unique inspired by the power of nature,” commented Crown Group chairman and group CEO, Iwan Sunito. 
“With this design, we are breaking with tradition.
"The green spaces and natural elements create a luxurious, balanced environment for residents to relax and recharge,” he said.
The development offers a collection of studios, one, two and three-bedroom apartments - as well as courtyard apartments and double-storey penthouses.
Mika Utzon Popov, grandson of Sydney Opera House architect Jørn Utzon, is also creating a large-scale artwork on selected exterior walls.
“Landscape has been fundamental to Crown Group’s developments and with Waterfall by Crown Group we want to take that to the next level, bring nature back into the city,” Sunito added.
“Waterfall by Crown Group is a testament to our continual push to create contextually appropriate and innovative residential developments which are relevant to today’s society,” he said.
“Creating the tallest man-made waterfall is just one of the ways we are bringing nature back into the lives of our residents.”
Residents’ amenities include pool, gym, function room, music rooms, a rainforest-inspired bamboo-covered walkway and a private rooftop lounge.
Construction is scheduled to begin this year with a targeted completion in 2020.
For more information, <a href="https://waterfallbycrowngroup.com.au" target="_blank">click here</a>.
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Crown Group reveals Australia's tallest man made waterfall in Waterloo project

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Construction is currently underway of a new luxury residential building at Waterloo, which is set to feature the largest man-made waterfall, right in the heart of the Waterloo district.
Developed by Crown Group and designed by Australian architecture firm SJB, Waterfall is located five kilometres away from the Sydney CBD
It is well connected to public transport with a train station nine minutes away, along with bus routes and cycle ways.
Waterfall will encompass a selection of studio, one, two and three bedroom apartments as well as penthouses. The four buildings are to be connected by long open-air walkways, with three towers being eight stories high while the last one is 20 stories high.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/20/Screen%20Shot%202017-04-20%20at%202.03.11%20pm.jpg" alt="">
Each apartment has been positioned on densely planted tropical foliage, and residents can expect open plan layouts, floor to ceiling windows, and views of the landscape. The kitchen features Miele appliances along with bespoke cabinetry, topped by stone bench tops.
Facilities available at Waterfall includes a rooftop infinity pool, tranquil ground-level water gardens, gym, music room, rooftop sky garden and much more.
Sydney beaches are only 20 minutes drive away and shopping, café and restaurants are all nearby.
 For more information visit the website: <a href="https://waterfallbycrowngroup.com.au" target="_blank">https://waterfallbycrowngroup.com.au</a>.
The developer unveiled its $400 million development Waterfall in Sydney late in 2016, and said it had received strong expressions of interest ahead of its launch.
The development is scheduled for completion in 2019. 
"I would not be surprised if stage one of Waterfall sold out as there is a strong demand from local buyers wanting to live closer to amenities," said Crown Group chairman and chief executive Iwan Sunito.
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Waterfall, luxury Waterloo development begins construction

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The wave of new developments and urban transformation in Sydney is changing the markets in many regions of the city. 
The inner east region around Zetland and Waterloo has been undergoing a period of rapid transfiguration. Formerly largely an industrial area, it is now being transformed by a range of new developments, such as Green Square (pictured above), that are gentrifying the area and making it more attractive to a new breed of buyers.  
Postcode 2017 in NSW comprises the two suburbs of Waterloo and Zetland and Property Observer has looked up the trend in units in the two inner-east suburbs from Corelogic and SQM Research to find out how these changes are affecting the market.
Waterloo profile
Waterloo is spread over nearly 1 square kilometre and had a population of 10,662 people in 2011, a growth of 25% from 2006.
The median sale price for units in the area was $850,000, almost double the national average of $438,000, according to CoreLogic. The median prices for units is similar to the median unit price in Sydney.
In the past 12 months, 366 properties sold in Waterloo, with the number of days on the market being 61 on average. There are 64 properties for sale, according to propertyvalue.com.au. 
It takes on average 64 days to sell with vendor discounting of -4.36%.
Capital growth in unit prices in Waterloo have shown double-digit growth in the three years up to 2015, according to CoreLogic RP Data, with 2014 growth at 18.7%, nearly double the city’s 9.9%. 
<img src="/images/2016/10/22/WaterlooCapGrowth.png" alt="">
The household occupancy pie chart shows that nearly three quarters in the area are renters, which indicates a high number of apartments bought for investment. 
The median rent for units was $645 per week with a median gross yield of 4%, according to CoreLogic.
<img src="/images/2016/10/22/WaterlooOccupancy.png" alt="">
Zetland area profile
The size of Zetland is nearly 1 square kilometre with a population size in 2011 of 3,812 that has grown rapidly at 45% from 2006. 
The median unit price of units in the area was $880,000, well above the city’s $850,000, data from www.propertyvalue.com.au shows.
In comparison to Waterloo, capital growth in unit prices in Zetland was just 1% in 2015 – a sharp fall from 16.1% the previous year, RP Data shows.
 <img src="/images/2016/10/22/ZetlandCapGrowth.png" alt="">
In the last 12 months, 183 properties sold spending 58 days on average on the market and there are presently 41 units available for sale.
The pie graph shows renters make up just about half the units in the area at 49%, while 37% are owner occupiers. The median rent for units in the area is $6500 per week with a median gross yield of 3.8%.
<img src="/images/2016/10/22/ZetlandUnitComposition.png" alt="">
SQM research has figured out a scatterplot chart of sold properties in the <a href="https://www.sqmresearch.com.au/sold-properties.php?postcode=2017&amp;suburb=Zetland" target="_blank">2017 postcode</a>. The chart reveals the relationship between sold prices verses land size.
A "best fit" curve represents the relative relationship between the sold price and landsize, which is called the Price Per SQM Co-Efficient Curve. A regional comparison is provided by the purple curve.
<img src="/images/2016/10/22/WaterlooCurve.png" alt="">
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