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" />

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One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

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

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

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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.

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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.

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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.

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WM Residences fills gap in Mordialloc townhouse market

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

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

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

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

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

First look: Aqualand joins St Leonards apartment party

Eagle Farm

Mirvac will start construction on the latest stage of Australia’s first racecourse fronting community, Ascot Green, with the $135 million Charlton House the next instalment in the historic Eagle Farm redevelopment.&nbsp;

In a bid to address a significant shortage of new apartments in the city, work will begin on the 14-level apartment building, with Mirvac working with Eagle Farm Racecourse owner, Brisbane Racing Club (BRC), just three months after its launch to market, with more than $70 million of apartments already sold - predominately to local buyers.&nbsp;

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According to new research released in Place Advisory’s Spring 2022 Apartment report, it is estimated Brisbane currently has just two months of new apartment supply, with deferred projects exacerbating supply and demand pressures.&nbsp;

Reinforcing its confidence in Brisbane, Charlton House is the third apartment project that ASX-listed developer, Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts.&nbsp;

Mirvac General Manager Residential Queensland, Warwick Bible, said the start of construction was a major milestone for the community, following the fast-tracking of Charlton House to meet demand.&nbsp;

“Our buyers have shown strong confidence in Charlton House and, to start construction just three months after launch, shows we echo that confidence in this development and the broader Brisbane apartment market,” he said.

“This milestone gives our purchasers certainty with the knowledge their apartment is being delivered by Mirvac that designs, masterplans and manages its projects every step of the way and which has done so for over 50 years."

[smartcode_project:default project_id=108351 project_image_fid=194813]

“The start of construction also signals the next phase of urban renewal for the historic Eagle Farm, giving more people the opportunity to live in this fantastic location,” he added.

Charlton House marks the third stage of Mirvac’s Ascot Green community, part of Brisbane Racing Club’s $1.5 billion masterplanned redevelopment of Eagle Farm, which will see the precinct transformed with luxury apartments, offices, a new shopping and dining precinct and a range of entertainment options.&nbsp;

Mirvac has already completed and sold-out Tulloch House and Ascot House at Ascot Green, with both buildings situated directly on Eagle Farm Racecourse, in the blue-chip suburb of Ascot.&nbsp;

Charlton House will comprise 113 one, two, three and four-bedroom apartments, and a limited collection of three and four-bedroom villas, with apartments sold from $499,000 through to more than $3 million.

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&nbsp;“Given about a third of Ascot is racecourse, there is very limited supply in this highly sought-after precinct, with demand only set to grow leading up to the 2032 Olympics, with the precinct’s proximity to facilities like the Athlete’s Village in Hamilton and Brisbane Indoor Sports Stadium in Albion," continued Bible.

“Larger apartments designed for owner-occupiers are in extremely high demand in Brisbane’s inner- ring, and buyers have been quick to secure their place at Charlton House as a result, with our premium apartments among the first to sell.”&nbsp;

Brisbane Racing Club Chairman, Neville Bell OAM, said the start of construction is an important stage in the BRC Masterplan.&nbsp;

“The commencement of Charlton House is the third stage of our partnership with Mirvac, undoubtedly a significant milestone in working towards the completion of the Brisbane Racing Club’s $1.5 billion Masterplan,” he said.

 
“Our Masterplan has set the standard for the redevelopment of ancillary land owned by race clubs around the country, in doing so we are safeguarding our legacy and relevance as a club for years to come."

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“Eagle Farm Racecourse is the heart of the Ascot and we look forward to welcoming the residents of the 113 residences to our community,” Bell added.&nbsp;

Bible said Charlton House, like previous Ascot Green releases, was popular with downsizers, although its diverse apartment offering appeals to a range of buyers, including young professionals and families.&nbsp;

“The location of Charlton House sets it apart. It is extremely rare – unique, even - to live in an inner-city apartment surrounded by 50 hectares of green space, including the racecourse,” he said.

“The tranquillity the location offers, close to the CBD, restaurants, cafes, shops and the airport, is attracting purchasers across the board."&nbsp;

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Designed by Mirvac Design, Charlton House features a rooftop sanctuary with a private dining room taking in Brisbane city skyline views. It also features intimate lounge areas and extensive sub-tropical landscaping, with a gym and resort-style pool on the ground level overlooking the racecourse.&nbsp;

Charlton House joins the $197 million Quay luxury riverside apartments, along with Mirvac’s first QLD build-to-rent project, the $270 million dual-tower LIV Anura, which are both under construction in the $1 billion Brisbane River development, Waterfront Newstead.

Mirvac Construction, the Group’s dedicated construction arm, is building all three projects, with Charlton House to create more than 300 direct and indirect construction jobs over its 21-month build program, anticipated for completion in mid-2024.&nbsp;

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Reinforcing its confidence in Brisbane, Charlton House is the third apartment project ASX-listed developer Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts. 

alisonwarters@gmail.com

Construction begins on latest Ascot apartment stage in Mirvac’s Eagle Farm redevelopment

Mirvac has officially launched the latest residential offering at its&nbsp;racecourse-fronting Ascot Green community in Brisbane.

Charlton House, which has been fast tracked due to sales success in the first two stages, Tulloch House&nbsp;and Ascot House, will have over 100 apartments across its 13 levels.

There will be&nbsp;one, two, three and four-bedroom apartments, as well as a a limited collection of three and four-bedroom villas.

[smartcode_project:default project_id=108351 project_image_fid=194811]

Two-bedroom and two-bathroom apartments start from $755,000, while the four premium villas, integrated into the first levels of Charlton House, are a first for the Ascot Green community.

Designed by Mirvac Design, Charlton House also features a rooftop sanctuary, with a private dining room taking in Brisbane city skyline views, lounge areas and extensive subtropical landscaping, along with a gym and resort-style pool on the ground level overlooking the racecourse.

Charlton House is the third building to be released by Mirvac at Ascot Green and is part of Brisbane Racing Club&rsquo;s $1.2 billion masterplan redevelopment of Eagle Farm, to include apartments, commercial offices, a new shopping and dining precinct and a range of entertainment.

[smartcode_project:default project_id=108351 project_image_fid=194814]

Brisbane City Council approved the development application for the $131 million, 13-level building in late December.

Mirvac General Manager, Residential Queensland, Warwick Bible said the group had worked to bring the apartments to market as soon as possible, with enquiries continuing to race in following the sell-out of its second building, Tulloch House, in July last year.

&ldquo;There were a number of people who missed out on securing their place in Tulloch House who have been eagerly awaiting this next release and we&rsquo;ve continued to field new enquiries from those wanting to join the community,&rdquo; he said.

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&ldquo;Demand for quality apartments in blue-chip Brisbane locations such as this have grown exponentially over the past six months, and we anticipate apartments in Charlton House will sell quickly as a result.&rdquo;

Bible said about 60 per cent of buyers in the first two stages &ndash; Ascot House and Tulloch House &ndash; had moved from the directly surrounding suburbs such as Ascot, Hamilton and Clayfield, with Charlton House expected to be no different.

&nbsp;

Charlton House&#39;s design has been guided by the &lsquo;Buildings that Breathe&rsquo; vision and Brisbane&rsquo;s subtropical climate. Its architects describe it as a re-imagining of the classic Queenslander and Ascot aesthetic, with light-filled spaces that can be opened and closed to capture sunshine and breezes.

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&ldquo;The apartments and villas blend timeless refinement, style and sophistication, with lush greenery and a comforting feeling of home, which is a cornerstone of the design,&rdquo; Bible added.

&ldquo;More than 50 hectares of green space, including the racecourse, lay at the doorstep, giving residents the feeling they are in their own private sanctuary, while the Brisbane CBD and so many fantastic restaurants, cafes and shops are close by. It is the epitome of the best of both worlds.&rdquo;

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Two-bedroom and two-bathroom apartments start from $755,000, while the four premium villas, integrated into the first levels of Charlton House, are a first for the Ascot Green community.


Mirvac launch Charlton House, the third release in Ascot Green masterplan

The ASX-listed developer Mirvac has secured a sell-out of its Tulloch House apartment development, part of their wider $1.2 billion&nbsp;masterplan alongside Eagle Farm Racecourse in Brisbane&#39;s Ascot.

The 84 one, two and three-bedroom apartments and penthouses in Tulloch House sold for between $450,000 to over $2 million. There has been $18 million worth of sales in 2021.

Construction&nbsp;is well advanced,&nbsp;with the eight-level building&nbsp;recently topping out,&nbsp;with work being finalised on the interior joinery fit-out, balconies and the expansive roof terrace.

The apartments feature panoramic views north across the 50 hectare green space of the heritage racecourse and expansive views to the Brisbane city skyline to the south.

[smartcode_project:default project_id=27704 project_image_fid=71319]

Residents are expected to move in at the end of 2021.

Ascot Green is part of Brisbane Racing Club&rsquo;s $1.2 billion masterplan redevelopment of Eagle Farm, which will include apartments, commercial offices, dining, services and a range of entertainment options.

Mirvac has started taking registrations of interest ahead of the launch of the third building in Ascot Green, anticipated to launch either later this year or early next.

Mirvac Head of Residential Stuart Penklis said its reputation as a highly desirable place to live had driven demand for the final apartments in Tulloch House.

[smartcode_project:default project_id=27704 project_image_fid=152793]

&ldquo;While all Tulloch House apartments have now been secured, we have continued to field interest from those wanting a place in the community, prompting us to expedite the timeline for our next chapter of Ascot Green,&rdquo; he said.

&ldquo;We are in the design phase and working to bring this release to the market as soon as possible. While the finer details are being finalised, it will follow in the footsteps of our first two stages, Ascot House and Tulloch House, delivering high quality apartments to this one-of-a-kind location.&rdquo;

Penklis said&nbsp;the rare opportunity to live close to the Brisbane CBD and next to 50 hectares of green open space appealed to buyers.

&ldquo;This is a unique location that can&rsquo;t be replicated elsewhere in the city,&rdquo; he said.

[smartcode_project:default project_id=27556 project_image_fid=71309]

&ldquo;We&rsquo;ve found the opportunity to live with so much green space at the doorstep has been a significant drawcard for buyers, including young professionals, families and downsizers.

&ldquo;As the first residential project of its kind on a racecourse in Australia, we have the opportunity to set the bar for this style of development and have paid careful attention to embracing the historic elements of the site, with the masonry brickwork carrying through the design.

&ldquo;The upcoming building will continue to reflect its surrounds, with a new take on fa&ccedil;ade, interiors and apartment layouts that will deliver a first for the precinct, benefiting the residents who call these truly remarkable apartments home.&rdquo;

Mirvac fast-tracks Eagle Farm Racecourse community following sell-out of Tulloch House, Ascot apartments

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Ascot House - the first stage of Mirvac's Ascot Green community fronting Eagle Farm Racecourse in Brisbane - has sold-out, with buyers now rushing to secure the final apartments in sister building, Tulloch House.

The 90 apartments in the completed Ascot House, which features a rooftop terrace with views across 50 hectares of green space and Brisbane city, achieved prices ranging from $460,000 to over $3 million, and were predominantly purchased by local downsizers.

Neighbouring <a href="/buildings/ascot-green-by-mirvac-tulloch-house-61-st-leger-way-ascot-4007">Tulloch House</a> (pictured below), which has 84 one, two and three bedroom apartments, is under construction, with more than 70 per cent already sold and remaining apartments priced from $490,000.

Mirvac head of residential Stuart Penklis said the sell-out of Ascot House and continued strong sales at Tulloch House were a show of demand for a 'green change.'

<a href="/buildings/ascot-green-by-mirvac-tulloch-house-61-st-leger-way-ascot-4007"><img alt="" height="744" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tulloch_house_mirvac.jpg" width="1200"></a>

"Many of our purchasers say they have chosen Ascot Green because it's like living alongside extensive parkland, with restaurants, cafes and shops within walking distance," he said.

"They enjoy the green open space and peace and quiet in a convenient location, and they love the vibrancy and excitement of the precinct coming alive on race days, with a front row seat to all the action from our rooftop terrace and track-facing pool deck.

"These exclusive resident amenities are just a small part of what residents will have at their doorstep as Brisbane Racing Club's $1.2 billion redevelopment of the racecourse precinct is realised, with additional retail and dining, retirement living, aged care, commercial offices and medical services to be delivered over the coming years.

"We've had a steady run of sales throughout 2020, with a lot of downsizers viewing the changes the year brought as an opportunity to rethink their lifestyle, with a view towards lower maintenance living.

"There’s also been strong interest from upgraders, with many recognising the relative affordability of an apartment at Ascot Green when considering the median home price in Ascot is over $1 million.

"The fact Ascot House is complete and ready to move in to was another bonus, with buyers pleased to be able to inspect and immediately move in to their new apartment, while Tulloch House purchasers have been reassured by the quality of the design and build."

The final apartment in Ascot House was secured by Jan Goakes, who also owns Sa Vida Shoes on neighbouring high street, Racecourse Road.

Ms Goakes said when she was looking to downsize from her Hamilton home, her clients suggested she visit Ascot Green, just a short stroll from her store. 

She was immediately impressed with the quality of the apartments which were 'unlike anything else in the area.'

"I found out about Ascot Green from a couple of my clients who had great things to say about the community, so I decided to go and have a look for myself and it ticked all my boxes," she said.

"I was absolutely impressed with the quality of the build and when I found my apartment, I just fell in love with it and decided it was the one for me. The moment I walked in, I knew it was unique.

"It’s large, there is lots of natural light, you look out onto green spaces and there’s a beautiful breeze facing north.

"I really don’t think you would find anything like it anywhere else."

Ms Goakes said she was pleased to be staying close to her store, in a convenient, tight-knit neighbourhood.

"One of the reasons I’ve loved living in Hamilton and am now moving to Ascot is the convenience - you can walk to so many places, so it’s just a great lifestyle," she said.

" I do know a lot of people who live in the area and just love being part of the community. It’s a fabulous place to work and to live. You have a sense of pride and companionship."
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Mirvac head of residential Stuart Penklis said the sell-out of Ascot House and continued strong sales at Tulloch House were a show of demand for a 'green change.'

Mirvac's Ascot House near Eagle Farm Racecourse sells out

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Mirvac has won the right to redevelop Brisbane Racing Club's $750 million Eagle Farm Residential Precinct.
The 10-year Ascot project forms part of the Eagle Farm Master Plan which will provide more than 1200 trackside apartments, along with retail and commercial buildings.
Mirvac's Group executive for residential John Carfi said the business was thrilled to have been selected as the Brisbane Racing Club's development partner at such an iconic Brisbane location.
It is expected the BRC will maintain ownership of the land.
BRC Chairman Neville Bell said Mirvac had been selected after intense interest in the joint venture opportunity that will deliver more than 1200 apartments on land around Queensland’s most famous racecourse.
“The Eagle Farm Residential Precinct is the centre piece of a $1.2 billion Master Plan that will transform this historic area of land around Eagle Farm and Doomben racecourses,” Mr Bell said.
The eight residential towers will be on the southeastern corner of the Eagle Farm.
He said construction was expected to start in 2016 as BRC has already gained full planning approval for the project.
“We spent five years gaining planning approval so we have already made significant progress towards this residential precinct,” Mr Bell said.
On behalf of the BRC, Knight Frank commenced an international expression of interest campaign in September 2014, generating more than 100 enquiries from interested parties.
The BRC created a shortlist featuring Mirvac, Leighton Properties and Walker Corporation. Their final bids were submitted on April 10. 
The project is north-facing and looks out over 50 hectares of land that will never be built out. It provides exceptional views to the city and over the Hamilton reach of the Brisbane River and out to the airport and Moreton Bay.
The BRC engaged property specialist Jeff Kahler 18 months ago as General Manager – Property to deliver the Master Plan. 
The BRC has awarded Mirvac Preferred Developer status until June 30 at which time the two groups are expected to sign binding documentation and proceed with the development.
Mirvac’s Group Executive Residential, John Carfi, said Mirvac was "thrilled" to be selected as the development partner.
“Mirvac will draw on its expertise and strong track record of delivering major residential developments and we look forward to working closely with the Brisbane Racing Club on the next phase of this exciting project,” he said.
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