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

Canberra off the plan apartments

Architecture firm&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a> has achieved design approval for a $250M build-to-rent development on Canberra’s premier route; Northbourne Avenue.&nbsp;

220 Northbourne Avenue, located on the city’s major arterial road approximately two kilometres north of <a href="/new-apartments/canberra-act">Canberra</a>'s CBD, represents Canberra’s second build-to-rent development on a site of strategic importance for the city. Situated at a key intersection under the National Capital Plan’s City and Gateway framework, with the light rail passing the development’s doorstep, 220 Northbourne Avenue offers a gateway to all Canberra has to offer.&nbsp;

The site will be home to three buildings encompassing 393 apartments in addition to a commercial building and retail tenancies on the ground level. A range of studio, one, two and three-bedroom rentals will be available, appealing to Canberra’s broad demographic of renters, including students, families and young professionals.&nbsp;

Fender Katsalidis associate principal David Robinson said: “The build-to-rent typology in Canberra is in its infancy but is a critically important addition to residential living. We’re thrilled to continue shaping the landscape in Australia’s Capital Territory and set a standard for excellence in build-to-rent living.&nbsp;

Providing a richness of amenities and experiences to residents was front-of-mind throughout our design process, and ensuring that community-centric living and convenience are central to the design. We’re really excited to be paving the way for this new type of living in such an important location for the city.”&nbsp;

<img alt="FK achieve DA approval Northbourne Avenue" data-entity-type="file" data-entity-uuid="1f5019c8-9dbb-47ae-86f2-347d4822ac1d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FK%20Northbourne%20Avenue%20Side.jpg?VersionId=3JvWZ4LTUPf1QFUzjrbaESiCv3tJd6Q6" />

The site is connected via a series of gardens, plazas and laneways to provide quality spaces and connections for the community and convenient access to amenities. Featuring coworking areas, &nbsp;wellness facilities, a rooftop terrace, community hubs, a resident cinema and a sports lounge, plans also include supporting artists in residence and programmed events to enliven the precinct and foster an active and vibrant ground plane experience.&nbsp;

Canberra’s National Capital Plan and its urban renewal principles have shaped the designs that will see the development of the Macarthur Node as a symbolic gateway to the city. The formal landscape of the avenue has been integrated into the rich ground plane of the precinct, meanwhile, the lower ground of the precinct is defined by heavily landscaped features to maximise tree coverage and site permeability.&nbsp;

Three distinct facades across each building will enrich the diversity of the precinct and provide a sense of address to each. The northern building defines the new plaza at the intersection and provides a distinguished address to Northbourne and Wakefield Avenue. The largest central building presents a rhythmic grid expression at lower floors to the avenue and references Robin Boyd’s Churchill House to the south, whilst the upper floors provide a more sculptural form. The southern building steps down to the east, providing external terraces and break-out spaces for the commercial tenancies, and engages with a highly landscaped laneway that will also feature urban art.&nbsp;

A dramatic enclosed glass-roof atrium in the central building is encompassed by ground-floor residential amenities and tenancies. The landscaped atrium connects a north-to-south internal link and creates an internal space for the community to converge and inhabit. From the 8th-floor rooftop garden, &nbsp;residents will enjoy views across the north and east of the Capital’s distinctive bush landscape.&nbsp;

<img alt="FK achieve DA approval Northbourne Avenue" data-entity-type="file" data-entity-uuid="75131ada-0af5-4cc1-a408-a7f531c2f239" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FK%20Northbourne%20Avenue%20Canberra.jpg?VersionId=96sLjwfukrxxFPyLK9sitWXXGCzZq19X" />

“We wanted to create a moment of surprise for people when they enter the atrium. We hope the dynamism &nbsp;of the space coupled with the rich landscape and enclosed roof will captivate Northbourne Avenue’s residents and visitors.” David Robinson added.&nbsp;

Given its altitude and colder climate, Canberra has a large variance in annual temperature and high energy usage in the winter months, meaning rigorous energy testing and analysis of energy use across the full buildings was integral to informing the design and location of apartments and living spaces.

Fender Katsalidis worked closely with ESD consultants to examine glazing performance, shading, window-to-wall ratios and the placement of balconies and winter gardens. This resulted in a 31% reduction in cooling peak loads, a 13% reduction in heating peak loads, and a 23% reduction in total energy demand.&nbsp;

The sculptural horseshoe form of the central residential building features open-air corridors that provide through-apartment cross ventilation and enable greater flexibility in living through the warmer months. Carefully considered solar access and efficient materials were chosen to create high-performing facades across the year. The precinct will be a gas-free, all-electric design in line with the growing use of renewable energy in Canberra.&nbsp;

Intended to celebrate and embed Canberra’s identity as the ‘bush capital’, the landscape has been a critical component of the design. Working in partnership with landscape architecture and urban design experts Oculus, the design features native plants providing year-round greenery that improves community amenity, improves tree canopy coverage and habitat biodiversity.&nbsp;

<a href="/landscape-architect/oculus">OCULUS</a> Senior Associate Peta Miskovich said: “We’ve carefully designed spaces that respond to &nbsp;Canberra’s distinct climate, to create functional, flexible, and enjoyable outdoor places for people to inhabit &nbsp;year-round.”

Fender Katsalidis set to shape Canberra’s build-to-rent landscape as designs are approved for a new development on Northbourne Avenue

Staff Writer

Greenlight for 393 Fender Katsilidis-designed apartments in Canberra

Local Canberra developer TP Dynamics, which for years has focused on large community projects, is preparing to launch the largest mixed-use development in Canberra.

The project, Yowani Grounds, will redevelop the Yowani Country Club's non-golf course land in <a href="/developments/lyneham-act-2602">Lyneham</a>, a site strategically positioned at the intersection of Canberra's main entry axe. They'll be creating&nbsp;a mini-city with over 1000 residences as well as retail spaces, cafes, and landscaped public areas.

<a href="/developers/tp-dynamics">TP Dynamics</a> founder and Managing Director Tony Pan says the innovative placemaking project is envisioned as a place where residents can live, work, and play within a cohesive and sustainable environment.

“Our expansive project slated for Yowani will depart from conventional developments typically seen within the Canberra landscape, with a design that embraces diversity in housing options for the eclectic mix of residents that call Canberra home," Pan says.

"We are excited to deliver a significant project that is more than just a residential or commercial development; it will be a vibrant community in the making for years to come.

"The design will incorporate spaces that foster social interaction, from the lush green parks surrounding the dwellings to the bustling commercial areas for a vibrant atmosphere."

The development will encompass several buildings and typologies, with low-rise terraces and townhouses overlooking Sullivan’s Creek, gradually transitioning into a core commercial zone along Northbourne Avenue.

A series of residential apartment buildings will also make up a part&nbsp; of the project, with space for a hotel and seniors living provider to exist on site, as well as the redevelopment of the Yowani Country Club clubhouse, which will remain within the precinct.

To date, TP Dynamics has established a positive reputation, with a series of residential and mixed-use developments within Canberra that have assisted in addressing the housing needs of the ACT in alignment with the region's long-term objectives. The Yowani project exemplifies this commitment, presenting a distinctive placemaking experience designed to offer residents an opportunity to experience architectural excellence, low maintenance 'lock up and leave' style living, and a harmonious connection to nature.

"Our upcoming project to be located in Lyneham reflects our long-term vision to deliver quality, community-centric living for Canberrans," Pan added.

"As locals ourselves, we understand the changing face of the city, and the pressing need for well-connected residences, that can enhance the overall living standards for residents, while also adding to the look, feel and liveability of the landscape."

The project's commitment to the conservation of the local Lyneham area aligns with TP Dynamics' broader goal of creating opportunities for education, employment, and innovation within the community in ways that resonate with the <a href="/developments/canberra-act">Canberra</a> identity.

“We hope through this project to showcase our commitment to reshaping Canberra's urban landscape in a way that resonates with Canberrans. In the face of a growing population and evolving lifestyle preferences, our goal is for it to exist as a blueprint for modern, sustainable, and community-centric development as more housing options are in demand for our growing city."

Canberra's population is set to surge by 2050, with an additional 175,000 to 250,000 residents set to call Canberra home within the next two decades, according to the Australian Bureau of Statistics.

TP Dynamics will be launching the project in mid-2024.

TP Dynamics to create new mixed-use precinct in Canberra's Lyneham

Prominent ACT property developer <a href="/developers/geocon-group">Geocon Group</a> is soon to launch its latest residential project, on the fringe of Canberra's famous City Hill.

The new $250 million mixed-use project,&nbsp;<a href="/new-apartments/the-grande-on-london-70-allara-street-canberra">The Grande on London</a>&nbsp;bordering Allara Street and London Circuit, will deliver three buildings designed by&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;with 332 apartments above commercial space.

Each apartment features floor-to-ceiling windows, SMEG kitchen appliances, brushed nickel tapware and full-height bathroom tiling.

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="c079988e-4645-4a96-9414-e9c349ddc3f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20Living.png?VersionId=v0hbn8uKjp0BcKUj3JkDR1dxZZXXU0MS" />

The project follows Geocon's successful acquisition of the leasehold of the 7,640 sqm site from the Federal Government in May 2020, signalling a significant step in the revitalization of the former Werriwa Defence Facility.

The ground level is designated for commercial use, and the project includes features such as a landscaped plaza, communal gardens, and deep-rooted trees to enhance the connection between London Circuit and Allara Street.

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="c57a7bf0-2fb4-4ea5-9039-941a58ff190a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20Bedroom.png?VersionId=gfmucjh3DOzoXGAhrMlx8P7X6thc.7bb" />

Residents-only amenities include a co-working space, rooftop pool and pavilion, fitness centre and yoga studio, library, cinema, dog wash and bike storage.

The development is positioned as a rare opportunity to purchase a new apartment in Canberra's city centre, with the location being close to the lake, theatre precinct, shops, restaurants, and the light rail.&nbsp;

Strategically positioned near Commonwealth Avenue and within a burgeoning growth corridor, The Grande on London also enjoys proximity to key government offices including the Department of Home Affairs, Murray Darling Basin Authority, Department of Foreign Affairs and Trade, and the ACT Government.&nbsp;

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="493b284e-61fa-4359-a101-902aeb8907e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20pool.png?VersionId=OIUT.fMa3t1gfTfvo1MD_YC.REvPPLOx" />

The project is intended to cater to both live-in owner-occupiers and investors, addressing a potential housing shortage in the city centre.

Geocon, led by managing director&nbsp;Nick Georgalis, has three others projects on the go. Their latest, WOVA in Woden, is set to be completed later this year.

[smartcode_project_cta:default project_id=135046]

Geocon, led by managing director Nick Georgalis, has three others projects on the go. Their latest, WOVA in Woden, is set to be completed later this year

Geocon to launch The Grande on London apartments in the heart of Canberra 

Off the plan buyers in the ACT are set to save even more on stamp duty following another government amendment to the threshold.

From November 27, the stamp duty threshold will move to $800,000, from $700,000.

The government estimates that on an $800,000 purchase, buyers could save nearly $23,000 in stamp duty. It's only for the owner-occupier, so to be eligible for the stamp duty waiver, at least one buyer must live in the home continuously for 12 months within a year of settlement.

The raise is part of the government's strategic plan to phase out stamp duty in the territory, replacing it with higher general rates.

[smartcode_project:default project_id=139989 project_image_fid=212887]

&nbsp;

With Canberra currently holding the position as the nation's third-most expensive unit market with a median price of $567,059, the adjustment is a timely measure to enhance affordability for potential home buyers—especially for those looking to transition to higher-density living options like apartments and townhouses.

Property Council ACT executive director Shane Martin welcomes the move, describing stamp duty as an "inefficient tax" that hinders home purchases and discourages downsizing. The expectation is that removing this barrier will motivate older Canberrans to put their existing homes on the market, thereby increasing the housing supply and freeing up stand-alone properties for growing families.

However, concerns are also raised about the need for more land release. Experts argue that apartments and detached homes require additional land supply to meet the growing demand. The Property Council suggests exploring the sale of smaller blocks, offering a potentially more affordable entry point for developers and buyers alike.

[smartcode_project:default project_id=139989 project_image_fid=218009]

The ACT's stamp duty concession stands out compared to similar schemes in other Australian states. In Victoria, first-home buyers are exempt from stamp duty for properties valued at $750,000 or less. In New South Wales, buyers have a generous 15-month window to pay the levy on off-the-plan purchases. Meanwhile, Western Australian buyers can secure a stamp duty exemption for off-the-plan deals valued at $650,000 or under until June 2025.

This adjustment is poised to shape buyer behaviour and preferences in the Canberra real estate market. As the city continues to evolve, the government's proactive measures aim to create a more accessible and appealing property market for a diverse range of home buyers.

The government estimates that on an $800,000 purchase, buyers could save nearly $23,000 in stamp duty



Stamp duty threshold for off the plan buyers in Canberra jumps

De Burgh at Northbourne Village,&nbsp;the latest property from renowned developer JWLand Development, takes up a prime spot within the Canberra suburb Lyneham, home to a mix of heritage and modern homes with tree-lined streets and beautiful gardens.&nbsp;

De Burgh, a mid-rise development of 351 apartments designed by contemporary architectural practice Cox Architecture, enjoys a central position in the Northbourne Village along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=212914]

De Burgh's prime location places residents within easy access to the centre of Canberra, a three kilometres commute - making it a perfect spot for both families and young professionals. The nearby light rail station connects locals to the heart of Canberra's public transport network.

For young families, several educational institutions are accessible within a 1.5-kilometre radius. The area is home to Lyneham Primary School and Lyneham High School, ensuring a convenient and easily accessible education for young residents.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

For outdoor enthusiasts, Lyneham is a haven with its great outdoors, offering residents ample opportunities to reconnect with nature right at their doorstep.&nbsp;

A nearby micro-forest, garden, playground and the picturesque Lyneham Wetlands Park provide the perfect backdrop for family outings and strolls. Lake Burley Griffin and several nature preserves, botanical gardens and other parks on nearby suburbs are less than a 20-minute drive from the property.

Lyneham and its neighbouring suburb, Dickson's, also offers a vibrant food and shopping scene. Local cafes and diverse restaurants surrounding the area provide a rich tapestry of cuisines, ensuring that there is always something new to try every evening.

[smartcode_project:default project_id=139989 project_image_fid=218009]

Residents can also look forward to enjoying many festivals held in the Exhibition Park in Canberra (EPIC), including the Royal Canberra Show, the National Folk Festival and Summernats.

As the development takes shape, it's poised to become the most sought-after address for families and professionals who want to experience the perfect fusion of urban convenience and serene surroundings within arm's reach of Canberra's bustling core.

[smartcode_project_cta:default project_id=139989]

For outdoor enthusiasts, Lyneham is a haven with its great outdoors, offering residents ample opportunities to reconnect with nature right at their doorstep

De Burgh's prime position offers city and nature at its doorstep

Developer Molonglo Group has filed plans for a new neighbourhood in Canberra's Fyshwick.

Molonglo, who have previously developed Melbourne's mixed-use building&nbsp;Walk Up Village and developments in Athens, Greece, have filed plans for&nbsp;11 low-rise apartment buildings across four hectares of industrial land&nbsp;between Dairy Road &amp; Monaro Highway.

Much of the residential neighbourhood site is part of the previously undeveloped portion of Dairy Road. It contains a large area of uncontrolled fill material excavated from Capital Hill, which was brought onto the site by the Commonwealth during the construction of Parliament House in the 1980s.

The development, which will be across five stages, has been designed by the London-based architectural studio&nbsp;David Chipperfield Architects.

<img alt="Fyshwick" data-entity-type="file" data-entity-uuid="59b3136d-ca40-40e3-b567-f9409140c860" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.30.46%20am.png?VersionId=.aaTSJkzE_RTC5jLYnLK1E3GWq2wjplZ" />

The portion of the Dairy Road estate is identified under the Fyshwick Precinct Code as the dedicated portion of the estate where residential use is permitted.

A Pre-DA Public Consultation Report prepared earlier this year by Mongol suggested the residential neighbourhood will deliver intimate clusters of medium density housing that value outdoor and indoor life, and the built and unbuilt equally. It said the buildings will address the sites position near the Jerrabomberra Wetlands.

"Water will be an integral element of the neighbourhood and all buildings will be conceived as structures that give way to and support plant life," the report read.

<img alt="Dairy Road" data-entity-type="file" data-entity-uuid="33f56fb0-14a5-49a7-bf50-5def9d19c812" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.28.20%20am.png?VersionId=Xdgp5O33YJXsxkCYR_YNY.ybqbcsI.TM" />

It said the mix of apartments and terraced houses are designed&nbsp;for flexibility, allowing adaptation by the residents according to their needs and lifestyles.

There will be just under 400 apartments, a mix of 228 one-bedrooms, 67 one-bedroom plus study units, 53 two-beds, and 40 three-bedroom apartments.

As well as the apartments, on offer will be 10 four-bedroom and 10 five-bedroom townhouses.

10 per cent of the project will be dedicated to affordable housing, while car parking for 489 vehicles and 535 bicycles will be created, as well as&nbsp;new public and private open spaces including gardens, parks, and community facilities.&nbsp;Jane Irwin Landscape Architects is handling the landscaping.

"Architecture forms a framework for ecology whereby the spaces between buildings become equally as important as surrounding buildings," the report added.

"Buildings are arranged in pairs around generous courtyard gardens, with a central landscape space along the site’s east-west axis that changes from open grassland where it meets the wetland to woodland towards the east. Woven into this gradient of landscapes will be areas for gathering, reflection and play. A swale collects, filters and directs rainwater towards an ecological pool that will slowly release water into the wetland."

Monogolo's aim is for the project is to create a neighbourhood "where light industry, working, living, recreation and entertainment will co-exist in a natural setting."

&nbsp;

The development, which will be across five stages, has been designed by the London-based architectural studio David Chipperfield Architects

Molonglo Group plan Dairy Road neighbourhood in Canberra's Fyshwick

The new financial year has brought changes to the <a href="/developments/canberra-act">Australian Capital Territory's</a> off the plan stamp duty concessions.

Now any buyer of an apartment or townhouse valued at or below $700,000 doesn't have to pay stamp duty. That's a rise from the previous $600,000 cap.

It's a significant jump which sees 90 per cent of the stock being developed by Geocon, one of the territory's most renowned developers, now qualifying for the full exemption.

[smartcode_project:default project_id=7947 project_image_fid=186442]

Two of Geocon Group's prominent projects, WOVA in <a href="/developments/phillip-act-2606">Phillip</a> and Black Diamond in <a href="/developments/fyshwick-act-2609">Fyshwick</a>, are currently on the market. WOVA, situated within the vibrant redevelopment of the old Woden Town Centre, has already achieved strong sales success, with over 90 percent of its units sold.

The completion of this project is scheduled for early 2024, making it an appealing choice for homebuyers seeking a modern and well-located residence.

WOVA offers a limited number of one, two, and three-bedroom apartments. Prices start from an affordable $436,900 for a one-bedroom apartment and $610,900 for a two-bedroom unit.

[smartcode_project:default project_id=7947 project_image_fid=186449]

The development, designed by the award-winning architecture firm Fender Katsalidis in collaboration with Oculus Urban Design, features four distinctive residential towers.

The ground floor of the building will house retail tenancies, including eateries, cafes, boutique retail outlets, and convenience stores. For residents' recreational needs, there will be a lap pool, fitness studio, gym, and even a private cinema for entertainment purposes.

[smartcode_project:default project_id=107705 project_image_fid=175002]

Black Diamond, is the final release of Aspen Village, a joint venture between Geocon and Empire Global.

Inspired by the picturesque ski villages of Aspen, Black Diamond and Aspen Village aim to provide a luxurious and amenity-rich living experience.&nbsp;

The crown jewel of Aspen Village is The Summit, a 2,200 sqm rooftop entertaining space that boasts an indoor-outdoor bar, a heated infinity-edge pool, bookable private lounge areas, barbecue and dining facilities, fire pits, and a lawn area.&nbsp;

[smartcode_project:default project_id=107705 project_image_fid=175003]

The Alpine Bathhouse, covering 100 sqm, offers resort-style amenities, including three private indoor/outdoor spa rooms and a 12-person sauna with a stunning view overlooking Lake Tuggeranong.

Prospective buyers looking to secure a unit in Black Diamond will have to act quickly, as there is only a limited supply of one and two-bedroom apartments remaining. Prices start at an attractive $409,000 for a one-bedroom residence and range from $414,000 to $484,000 for a two-bedroom unit.

Any buyer of an apartment or townhouse valued at or below $700,000 doesn't have to pay stamp duty, up from the old $600,000 cap

alisonwarters@gmail.com

New stamp duty concessions for ACT to benefit off the plan property buyers

Canberra developer Geocon has sold 90 per cent of WOVA, it's latest residential development in the heart of Woden in Phillip.

With only limited options remaining for one, two and three-bedroom apartments, interested buyers can experience the brand new display suite which is now open for viewing.&nbsp;

Situated within the multi-billion-dollar regeneration of the old Woden Town Centre, WOVA enjoys a prime location that strikes the perfect balance between urban convenience and serene living.

&nbsp;

[smartcode_project:default project_id=7947 project_image_fid=186452]

WOVA, which is slated for completion next year, has been designed by architecture firm Fender Katsalidis in collaboration with Oculus Urban Design, the duo bringing to life four distinct residential towers.

The development not only caters to residential needs but also features retail tenancies on the ground floor which will house eateries, cafes, boutique retail outlets, and modern convenience stores.

The lap pool, fitness studio, and gym provide opportunities for health and wellness activities, while for entertainment, a private cinema awaits.

[smartcode_project:default project_id=7947 project_image_fid=186449]

Co-working spaces are available for those seeking a productive environment, while lounge and dining areas create spaces for relaxation and socialising.

The rooftop terrace offers views and serves as another communal space, while 3370 sqm of landscaped gardens provide a serene escape within the bustling city.

[smartcode_project:default project_id=7947 project_image_fid=186450]

&nbsp;A mere five-minute walk leads to the Westfield Woden shopping centre, providing residents with easy access to retail therapy and various dining options.

The Canberra City Centre is just an 11-minute drive away, offering an array of entertainment, cultural, and employment opportunities and for those who frequently travel by air will appreciate the development's proximity to the Canberra Airport, reachable in just 14 minutes.

[smartcode_project_cta:default project_id=7947]

Situated within the multi-billion-dollar regeneration of the old Woden Town Centre, WOVA enjoys a prime location that strikes the perfect balance between urban convenience and serene living

Geocon's WOVA development hits 90% sold

The COVID-19 pandemic and the impact it had on the off the plan apartment industry, namely the labour shortage and massive spike in construction costs, was navigated successfully by Canberra's leading developer Geocon.

Their Republic Precinct in Belconnen was the stand out, as the Nick Georgalis-led developer completed the $410 million project with a 98 per cent settlement rate of the 1267 apartments.

“Despite the challenges of the past few years, the vision of Republic has strongly connected with the community as an unrivalled urban lifestyle in the heart of Belconnen,” Geocon Managing Director Nick Georgalis says.

[smartcode_project:default project_id=6935 project_image_fid=94890]

“What we have accomplished in the past four and a half years has been an incredible achievement for Geocon and Canberra, as a pathway forward to an increase in modernised development."

The Precinct, which dates back to 2017 when the plans were developed, also includes a&nbsp;152-room hotel, 52 commercial tenancies, and 300 space public carpark. It now stands as ACT’s largest mixed-use precinct.

Five of Canberra’s tallest towers and Canberra's first glass towers, The Precinct used 80,000m3 of concrete, the equivalent to filling 35 Olympic- sized swimming pools, over 13,000 tonnes of reinforcement, the equivalent weight of 22 Airbus A380’s and more than 66,000m2 of façade, covering over 9 football fields.

[smartcode_project:default project_id=6935 project_image_fid=94892]

“Utilising over 4,000 workers over the course of completion, Republic has been a massive project, one that we think is a huge step forward for the urbanisation of Belconnen,” says Geocon General Manager Damon Smith.

Geocon put together the same world-leading design team, Fender Katsalidis Architects and OCULUS, who created NewActon, to produce something really special.

Architect David Sutherland of Fender Katsalidis Architects said the presence of Republic would reinforce Lake Ginninderra as a recreational focus of Belconnen through the strengthening of linkages to its foreshores.

[smartcode_project:default project_id=6935 project_image_fid=94891]

“Republic has been conceived as a further strengthening of the relationship of the city with the water," Sutherland said.

"In doing so the precinct will be an urban marker of this significant site at the confluence of the two arms of the lake.

"In its built form the composition of buildings is redolent of the unique topography of the locale - the hills and valleys, the sky and water."

Proving the achievement at Republic was not a one-off, the settlement success has been mirrored in Geocon’s Tuggeranong development, Aspen Village, with 96 per cent of properties achieving settlement.

The momentum from Republic and Aspen has seen Geocon’s next major precinct, WOVA, achieve 650 sales since launch, despite cautious market conditions.

&nbsp;

The Precinct, which dates back to 2017 when the plans were developed, is ACT’s largest mixed-use precinct

Canberra off the plan apartments

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Canberra off the plan apartments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News