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

Eastern Suburbs

Bondi Beach's famed Campbell Parade strip, across the road from the beach, is set for a rare new apartment development.

MHN Design Union have designed plans for <a href="/new-apartments/mayfair-bondi-beach-58-campbell-parade-bondi-beach">Mayfair</a>, a $7.8 million project which will deliver a boutique collection of just 10 residences to 58 Campbell Parade, replacing an original block of 17.

The project has been crafted to&nbsp;retain a number of notable original building features. MHNDU will&nbsp;open the façade, creating more established viewpoints of the iconic neighbouring beach.

The five-level&nbsp;building will see&nbsp;two apartments per floor, barring the ground level and the top level, which will home just one residence.

The ground floor apartment comprises two-bedrooms, benefitting from an adjoining balcony, facing Lamrock Place, as well as a grassed courtyard area.

<a href="/new-apartments/mayfair-bondi-beach-58-campbell-parade-bondi-beach"><img alt="" data-entity-type="" data-entity-uuid="" height="1194" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-29_at_2.38.42_pm.png" width="1360" /></a> 
Render of the proposed development from Lamrock Place. Credit: MHNDUnion.

Each of the apartments from level one to four contain three-bedrooms, with the master bedrooms featuring&nbsp;an ensuite and a walk-in-robe, as well as a west-facing Juliet balcony and herb garden.

The bedrooms are located at the rear of the home in each of the residences, with the living, kitchen and dining spaces following an open-plan layout, designed to maximise view lines, as well as cross flow ventilation.

Floor-to-ceiling doors slide open to adjoining balconies, which front Campbell Parade, creating enviable views to Bondi Beach.

Due to the space of the entry cutting floorspace across the level one apartments, each residence from level two features a larger living, dining and kitchen area, along with an expansive 16 sqm east-facing balcony.

Crowning the project will be the level five penthouse which will have&nbsp;four bedrooms. The master bedroom, complete with walk in wardrobe and ensuite, has been positioned to connect to the large 52 sqm balcony that overlooks Bondi Beach. The balcony is set to feature a spa.

An additional bathroom, powder-room and ensuite will also feature, with a second lounge room located at the back of the residence with a&nbsp;Juliet balcony.

The main kitchen, living and dining space is open at the front of the home, with the kitchen set to include a walk-in-pantry and wine storage room.

MHN Design Union have designed plans for a $7.8 million project, which will deliver a boutique collection of just 10 residences to 58 Campbell Parade, replacing an original block of 17

alisonwarters@gmail.com

First look: Rare new apartments to hit Bondi Beach's Campbell Parade

Australian owned and operated property developers, TOGA, and joint-investment partner Qualitas, one of Australia&rsquo;s largest alternative real estate investment managers, have received development approval for their mixed-use residential project.

The project, located in Randwick Council&rsquo;s Kensington to Kingsford (K2K) rejuvenation corridor along Anzac Parade, has been dubbed the Kensington due to its location within the suburb at 137 Anzac Parade.

[smartcode_project:default project_id=110959 project_image_fid=199276]

Comprising 142 one, two and three-bedroom apartments, The Kensington will also be home to a selection of unique small office/home offfive (SOHO) terrace properties along the ground floor, which will benefit from private entrances.

Crowning The Kensington will be a communal rooftop garden, overlooking Randwick Racecourse and the surrounding parklands, along with a shared resident&rsquo;s lounge. The development is also set to include retail space, providing opportunity for a range of services, and food and beverage options for the growing number of local residents and the neighbouring communities.

As one of the first developments to be approved within the K2K revitalisation corridor, TOGA worked closely with the Council to contribute to the vibrant, boulevard-style vision for Anzac Parade.

Designed by award-winning Turner Studio architects, with interiors by Richards Stanisich, The Kensington brings together luxury, comfort, and quality in generously sized open plan apartments with seamless indoor and outdoor living, with many featuring separate study areas.

[smartcode_project:default project_id=110959 project_image_fid=199277]

The building&rsquo;s fa&ccedil;ade integrates traditional brickwork, referencing the heritage of the surrounding local area, while the rooftop and ground plane landscaping brings to life a stylish and contemporary urban community.

Turner Studio&rsquo;s Principal, Nick Turner said the unique architectural of the project blends the charm and heritage of Kensington with contemporary architectural design, through the use of face brickwork and detailing that is warm in colour, textural in appearance, and bold in composition.

&ldquo;The Kensington is really three boutique buildings with one main address which is how the architecture of the building is expressed. Internally, three sets of lifts mean less waiting times, shorter corridors, and less apartments off each lobby for a more exclusive experience.&rdquo;

TOGA&rsquo;s CEO of Development and Construction, Fabrizio Perilli said the project had been designed to appeal to a wider audience, seeking to attract a broader and more mixed market.

&ldquo;The Kensington has focused on a larger product type than typical that&rsquo;s really appealing to the market. We&#39;ve developed apartments that evolve with your lifestyle with generously proportioned spaces, most offering dedicated study areas for flexible working and study arrangements as we navigate a post-covid world,&rdquo; Perilli said.

[smartcode_project:default project_id=110959 project_image_fid=202108]

Creating the unique offering within The Kensington is the collection of SOHOs, opening up the project to small business and entrepreneurs alike.

Investors and businesses are also snapping up the retail spaces fronting Anzac Parade as they recognize the opportunity to be at the forefront of this key transformation corridor with increased residential and employment opportunities.

Future residents will benefit from the significant investment planned for the renewal of the Kensington town centre around Todman Avenue, with improvements to the area including new plazas, an Innovation Centre, public art, increased greenery and landscaping, pedestrian-focused urban planning and cycleways.

Situated less than 200 metres from the Kensington light rail stop and just 10 minutes from the CBD and Coogee Beach, the location offers residents a uniquely Sydney coastal-city lifestyle, and one of the few remaining chances to buy something new in the sought-after eastern suburbs.

&ldquo;While there are well advertised headwinds in the development and building sectors, a tightening rental market with historic low vacancy rates continue to provide solid fundamentals for projects,&rdquo; said Perilli.

[smartcode_project:default project_id=110959 project_image_fid=199275]

&ldquo;TOGA&rsquo;s role as both developer and builder allows it to better manage the risks in the market, whilst delivering excellent product. Smart buyers are out there looking for reliable long-standing developers with quality product, and we are seeing evidence of this through the strong interest in our Kensington Project,&rdquo; he added.

&ldquo;The rejuvenation and transformation of the Anzac Parade corridor will create a new vibrant eastern suburbs precinct, along with The Kensington development being the only major residential apartment building in the Todman Square precinct expected to be completed by the end of calendar year 2024,&rdquo; Perilli concluded.

Construction is expected to commence late 2022 with completion due end of 2024.

[smartcode_project_cta: project_id=110959]

Comprising 142 one, two and three-bedroom apartments, The Kensington will also be home to a selection of unique small office/home offfive (SOHO) terrace properties along the ground floor, which will benefit from private entrances.



TOGA and Qualitas receive planning approval for mixed-use residential development, The Kensington

The long-awaited rejuvenation of the Club Bondi Junction RSL is officially underway following a formal ground-breaking, signalling the start of construction on the back of a successful project sell out.

The 80-apartment development by Australian development business, Capital Corporation, was launched in October 2020, selling 30 per cent of apartments in the first week on the market, with the final apartment sold just prior to the start of the construction phase.&nbsp;

The apartments have been designed by Group GSA, while the interiors are by renowned architects, Koichi Takada.

With a focus on form and function, each home has been designed to celebrate both the city and the sea, with each apartment following an open-plan design, adjoining onto spacious balconies offering views across Bondi and Botany Bay.

Capital Corporation Director, Jim Hunter said the strong sales in 2021 triggered the early construction start, with the flow of buyers following on from there.

&ldquo;Our last sale recently finalised, and the construction program has officially begun, signifying to the community that the project is full steam ahead,&rdquo; he said.

&ldquo;This is such an exciting project that provides both a longstanding future for the Club, modern living facilities and terrific benefits for the community,&rdquo; Hunter added.

Bond is set to revitalise the precinct streets into a buzzing community hub, with the reinvention and modernisation of Club Bondi Junction RSL also planned, which will sit beneath the apartments.

Part of the area&rsquo;s regeneration includes opening the street frontage on the corner of Gray Street and Bronte Road into a welcoming and dynamic location, with an array of cafes and dining options.

Capital Corporation worked closely with Group GSA, to renew and restore aspects of the Club&rsquo;s heritage, while also creating a contemporary facade.

Bondi Junction RSL Club President, Bill Harrigan said they&rsquo;re looking forward to the transformation, attracting all members of the community.

&ldquo;I am excited about the creation of a different type of club, one that attracts not only veterans and their families but all of the community.&rdquo;

With the inclusion of the function spaces and the new restaurant, we expect the club to be a central spot for social connection,&rdquo;&nbsp;Harrigan said. &nbsp;

The 10-level residential project will be crowned by a landscaped rooftop area, created by Urbis, complete with an outdoor cinema, barbecue areas and a yoga lawn.&nbsp;

National Director at Colliers Residential, Blake Schulze, said the project had attracted buyers from the Eastern Suburbs, many of whom purchased multiple apartments, with one as their main residence and the second as either an investment or for another family member or adult child.

&ldquo;We experienced significant demand for Bond from local families and returning Australian expats,&rdquo; he said.

&ldquo;This demand resulted in strong sales, even during our most significant lockdown period of 2021.&rdquo;

After partnering on two successful projects, Veridian in Kogarah and Esplanade in Norwest, Capital Corporation appointed Westbourne Constructions as the builder in December 2021 with construction now officially underway.

[smartcode_project_cta: project_id=31636]

With a focus on form and function, each home has been designed to celebrate both the city and the sea, with each apartment following an open-plan design, adjoining onto spacious balconies offering views across Bondi and Botany Bay.



Bondi Junction RSL Club build kicks off just as project completely sells out

The Sydney-based IPM has secured approval&nbsp;for their new Coogee project.

Randwick Council gave the green light to IPM to create a three-level, 20-apartment building at&nbsp;201-207 Carrington Road, halfway between Coogee Beach and Randwick.

The privately owned development and investment group will add to their already impressive portfolio which includes in excess of $2.5 billion worth of real estate projects.&nbsp;

There will be a mix of one, two and three-bedroom apartments in the block across the 2268 sqm site, which currently homes four single dwellings.

Paul Buljevic Design (PBD) designed the building, which will connect to its surrounding context through landscaping and&nbsp;a three-pod approach, allowing for full breaks between buildings, as well as giving relief to the bulk of the built form.&nbsp;

"The interplay of planes and introduction of finer vertical grains to the front facade breaks down the bulk further, along with creating a defined entry point to the building," the design statement read.

Each apartment is orientated toward the north, enhancing cross flow ventilation, solar access, and views.&nbsp;

"The design of the proposal responds to the current market demands, in relation to typologies and living patterns currently established in the local area, with apartments generously sized, following an open-plan layout, that maximises the use of the north-facing layout," the statement noted.

IPM has made themselves at home amongst the affluent suburbs over the years, with a portfolio featuring some of the most sought-after addresses.&nbsp;

Developing in some of Sydney's best beachside pockets, the group has taken up a number of projects from Sydney's east to as far north as Palm Beach.

Their latest is in Mona Vale, in the heart of the Mona Vale Town Centre on the Northern Beaches. They'll be delivering apartments above retail at&nbsp;19 Bungan Street. Their Palm Beach project on Barrenjoey Road will&nbsp;comprise just eight&nbsp;apartments, each with panoramic views across the waters of Pittwater.

The group will also build on a Newport site at&nbsp;11-17 Ocean Avenue which will home "coastal-inspired residences."

The privately owned development and investment group will add to their already impressive portfolio which includes in excess of $2.5 billion worth of real estate projects


IPM secure approval for Coogee apartments 

The prominent Sydney building development firm TOGA has quietly seen success at its recently launched eastern suburbs apartment project, The Kensington.

Having launched earlier this year, TOGA has sold around 25 per cent of the building, without a big song and dance of the project launching.

TOGA&#39;s General Manager of Sales Anthony Falas says the days of long lines of prospective buyers queuing up outside the display suite to get the first chance to buy an apartment might be gone, but that&#39;s not to say sales success isn&#39;t being secured.

The majority of buyers have been locals, either those looking to downsize and stay in the area, or professionals at nearby hospitals or universities.

[smartcode_project:default project_id=110959 project_image_fid=199276]

TOGA has seen exactly what they thought they&#39;d see pre-launch, which Falas says is a testament to the team and the research they undertook while in the design and development phase.

And a testament to TOGA&#39;s research in the design and development phase, having spoken with the team when the project application was lodged back in January, TOGA have seen&nbsp;exactly what they&#39;d expected in terms of sales and demographics.

&quot;It means we&#39;ve done our research and understand the audience of the market we&#39;re entering,&quot; Falas says.

&quot;We&#39;ve dedicated over 75 per cent of the building to the two and three-bedroom product, offering something that is rare for&nbsp;the area.&quot;

[smartcode_project:default project_id=110959 project_image_fid=199277]

Falas added that TOGA wanted to cater for a different market than the area is used to, going away from the more common developments which are targeted at the&nbsp;student accomodation given the proximity to the UNSW Randwick Campus.

They changed the mix slightly knowing there were a number of student accomodation buildings in the local area both established and soon to be under construction.

What did surprise Falas&nbsp;however was at how much of the top-end stock in the development went first.

[smartcode_project:default project_id=110959 project_image_fid=199278]

&quot;The sales of the bigger apartments, upward of around $1.9 million and $2 million, have been among some of the most popular, which is a sign that the current interest rate climate isn&#39;t dampening buyer demand at the top end of the off the plan market if you&#39;re a reputable developer where buyers have confidence in your product.&quot;

On interest rates, Falas says buyers haven&#39;t been overly concerned with rate rises. The off the plan market offers a different prospect to buyers compared&nbsp;the established market, given purchasers are not&nbsp;beholden&nbsp;to starting mortgage repayments until the project is completed. And for Kensington, that&#39;s expected to be over two and a half years away.

&quot;We&#39;re not expecting The Kensington to be completed until the end of 2024, so the current interest rate movements won&#39;t affect an off the plan purchaser until they settle, and by that time forecasts suggest rates won&#39;t be rising as sharply as they are now,&quot; Falas says.

&quot;Remember, we&#39;re still in an incredibly low interest rate environment, and while current home owners or buyers on variable rates will be seeing their rates go up to repayments they haven&#39;t seen before, we are still at a very low base. New mortgage holders won&#39;t quite&nbsp;feel that&nbsp;same impact as current mortgage holders who have been living in the lowest interest rate environment&nbsp;Australia has seen.&quot;

[smartcode_project:default project_id=110959 project_image_fid=199275]

TOGA has managed to swerve some of the construction pitfalls which have been damaging the development industry given they also build their project, although Falas says there were, and still are, a few hurdles to overcome.

&ldquo;Labour costs, costs to procure, they&rsquo;ve all risen, but we&rsquo;ve pulled a few levers to help ease the rising rates such as direct sourcing our materials,&quot; Falas noted.

But he stressed there&#39;s no cutting corners in the development, and certainly not in the finishes on offer.

The Kensington features full marble kitchens and marble and stone bathrooms, with the interiors designed by Richards Stanisich, who worked in collaboration with&nbsp;architects&nbsp;Turner Studio, who also designed TOGA&#39;s Wicks Place in Marrickville.&nbsp;

[smartcode_project_cta: project_id=110959]

The majority of buyers have been locals, either those looking to downsize and stay in the area, or workers at the nearby hospitals or university

TOGA see success following The Kensington apartment launch

The national development giant, Meriton, has been given the green light to commence with one of the next stages of their&nbsp;Pagewood Green&nbsp;masterplan.

The Bayside Council signed off on the development of 42 three and four-bedroom townhouses, a handful with their own granny flats.

The townhouses have been designed by PTW Architects and&nbsp;will range in size from 116 sqm to 172 sqm.

<img alt="" height="940" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.13_pm.png" width="2006" />

Meriton recently launched Uccello,&nbsp;a mix of one, two, three and four-bedroom apartments in the 16 hectare masterplan.

Designed by SJB Architects, Uccello&rsquo;s towers will rise 20 levels above the brand new Pagewood Centro retail precinct, which will form the Town Centre, offering 23 specialty stores, a major national supermarket and an open-air laneway lined with restaurants.

Boasting the tallest towers in Pagewood and Eastgardens, bookended by two expansive parks, Uccello sits adjacent to the newly completed 8,000 sqm Central Park, which features a basketball court, outdoor gym, state-of-the-art kids&rsquo; playground and barbecue facilities, as well as the future 2,700 sqm Community Park.

Within the towers, the landscaped podium garden is home to a range of residential amenity including an outdoor resort-style 20-metre pool, a spa, sauna, indoor gym, and a barbecue pavilion.

<img alt="" height="1036" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.06_pm.png" width="1776" />

Crowning Uccello is the rooftop garden, encompassing sweeping views of the neighbouring eastern suburbs and city beyond.

Four onsite childcare centres are proposed for the Meriton development, as well as electric car charging provisions, MyParcel locker systems, carwash bays and a dedicated onsite building manager, available to cater to all the residents&rsquo; and property needs.

The Eastgardens project benefits from an onsite bus stop, with direct services to Bondi Junction and Kingsford Light Rail Station.

The Eastgardens Westfield bus interchange is only next door, with the residences also enjoying proximity to Maroubra Beach, the University of NSW and the Prince of Wales Hospital all just around three-kilometres away.

[smartcode_project_cta: project_id=109442]

The first stage of the masterplan, Uccello, a mix of one, two, three and four-bedroom apartments across two towers, launched recently.




Meriton secure approval for townhouse stage at Pagewood Green masterplan

The national property developer Fortis has seen a flurry of sales at the recent launch of its luxury Darling Point apartment project, MONA.

Some 60 per cent of the apartments on offer sold, with CBRE&#39;s&nbsp;Premium Sales division head Ben Stewart noting the two and three-bedroom apartments sold&nbsp;well.

&quot;Our team are feeling very encouraged by the initial lot of sales achieved,&quot; Stewart says, adding that there&#39;s still a very good selection of stock remaining.

The two-level penthouse, with 253 sqm of internal space as well as its own rooftop terrace and swimming pool, was sold even before the recent launch event. It was bought by property developer Michael Barakat for $13.75 million, a sale reflecting $55,000 per sqm. There was also a $7.8 million sales to a local downsizer.

[smartcode_project:default project_id=108913 project_image_fid=197634]

MONA, named after its location on Mona Road, one of Darling Point&#39;s best streets, has been designed by&nbsp;MHNDU to blend old-world charm with New York chic.

Stewart said the one and two-bedroom apartments are garnering a lot of enquiry from parents assisting their children.

&quot;It&rsquo;s a great way of getting them into forced saving for a long-term asset,&quot; Stewart suggested.

&quot;MONA has already started to attract this type of buyer because of its location, as well as being a striking looking development that will prove to be a great short to long term investment.&quot;

[smartcode_project:default project_id=108913 project_image_fid=197639]

Fortis Director Charles Mellick said there has been&nbsp;a mix of owner-occupiers and downsizers who have come from the Eastern Suburbs (Elizabeth Bay, Bellevue Hill, Rose Bay) looking at the two- and three- bedroom residences, with many owner-occupiers coming from the Lower-North Shore (Killara and Linfield) as well as the Inner-West.

Initially Fortis had earmarked&nbsp;the site for a commercial project and ground-floor retail, but Mellick said the&nbsp;current market demand and limited supply for residential is so strong, that with the 180 degree city and harbour views and accessibility to local amenity this really made the location the perfect place for high-end city fringe living.

&quot;Something that is hard to come by and that result is clear with the high demand on sales and response on our sales launch weekend.&quot;

[smartcode_project:default project_id=108913 project_image_fid=197650]

The creative inspiration for MONA comes from the history-steeped harbourside corridor it overlooks. The design by MHNDU pays deep respect to the architectural details of the original brick apartment buildings and the bustling inner-city neighbourhood.

The &lsquo;blade edge&rsquo; form of the residential tower delivers a boldly modern street presence, complemented by a north-facing glazed fa&ccedil;ade and rooftop sky terrace with unobstructed views.

[smartcode_project_cta: project_id=108913]

Some 60 per cent of the apartments on offer sold, with CBRE's Premium Sales division head Ben Stewart noting the two and three-bedroom apartments sold well

Fortis secure sales flurry at MONA, Darling Point

Landlord investors at Crown Group&rsquo;s latest master-planned community, The Grand Residences in Eastlakes, are achieving record high rental returns due to an unprecedented influx of renters into the area since the start of the year.

Crown Property Agency, Crown Group&rsquo;s property management division which manages all rental properties for investor purchasers, has found investors at The Grand Residences are reaping the rewards of achieving rental yields close to four per cent due to the tight rental market that Sydney is currently experiencing with ultra-low vacancy rates sitting under two per cent across the city.

[smartcode_project:default project_id=7652 project_image_fid=190031]

The developer completed stage one of the dual-staged development in January this year comprising 133 apartments and a 15-retail outlet shopping centre anchored by a larger format 1600 sqm ALDI and a Woolworths Metro.

Settlements are now complete and new tenants and apartment owners have moved into their new homes. Crown Property Agency Director, Anthony Caudullo noted the pent up demand for the rental properties, as The Grand Residences is the group&rsquo;s first brand new completed residential community in Eastlakes for sometime.

&ldquo;This is fantastic news for investors who are seeing rents returned to pre-Covid levels. Q1 2022 saw rents increase between eight per cent and 12 per cent across the apartments we manage in Sydney,&quot; Caudullo said.

Apartments at The Grand Residences are achieving rents of $580 per week for a one-bedroom plus study/media room, $775 per week for a two-bedroom and up to $1,080 per week for a three-bedroom apartment, which Caudullo thinks is a record for the suburb.

[smartcode_project:default project_id=7652 project_image_fid=190035]

&ldquo;Days on the rental market has dropped from six weeks during Covid down to 12 days on average this year; indicating the market in Sydney&rsquo;s eastern suburbs is particularly hot at the moment,&quot; Caudullo added.

&ldquo;The Grand Residences has attracted young professionals from outside the immediate area from areas such as Mascot, Rosebery, Waterloo and Zetland which is uncharacteristic for this area. They have been attracted to the premium quality of the apartments with car spaces, amazing amenities, a ground level shopping centre and location close the city as well as the eastern suburb beaches,&rdquo; he said.

&ldquo;Demand in the area was initially driven by returning international students before the universities opened up. Now interest remains so high, we actually have a list of tenants wanting to move into The Grand Residences.&rdquo;

The $1 billion community is set to transform the suburb, adding residential relief in Sydney&rsquo;s continuing housing demand.

[smartcode_project:default project_id=7652 project_image_fid=190034]

&ldquo;We are dramatically transforming the suburb of Eastlakes building a modern, new urban village which will breathe new life, energy, optimism and renewal into this sleepy yet brilliantly located suburb in Sydney&rsquo;s highly coveted east,&rdquo; said Crown Group Chairman and Group CEO Iwan Sunito.

Developed on both sides of Evans Avenue in the heart of Eastlakes, the dual-staged masterplanned urban renewal project comprises 490 world-class luxury apartments designed by acclaimed tier one architecture practice, FJMT with two retail precincts on both sides of the project.

Stage Two, located on the south side of Evans Avenue, consists of 357 apartments positioned above a 13,000 sqm three storey shopping centre, designed by Buchan Group, set to feature 80&nbsp;retail outlets including a full line Woolworths and a contemporary, community town centre including a medical centre and public library.

A new eat street will offer an array of restaurant and dining options alongside apartments set across five high-rise buildings.

[smartcode_project:default project_id=7652 project_image_fid=190043]

Caudullo said tenants have also been attracted to Crown Group&rsquo;s signature resort-style facilities including a swimming pool and rooftop dining area which benefits from views of the CBD and Botany Bay.

&ldquo;Buyers are attracted as well to the convenience of living right above a brand new shopping centre and only minutes from Sydney&rsquo;s Maroubra and Coogee beaches,&rdquo; he added.

Among the string of highly coveted industry awards that Crown Group has won for its slew of mixed-use projects, The Grand Eastlakes was awarded the 2013 UDIA NSW &amp; ACT Awards for Excellence for Concept Design.

The group are expected to release the final offering of apartments from Stage One soon.

[smartcode_project_cta: project_id=7652]

Landlords achieving rental returns up to 60% higher than other properties in the area

 

Crown Group's The Grand Residences sets new rental record for Sydney's Eastlakes

From its famous beaches to its vibrant nightlife offerings, Sydney’s Eastern suburbs have unsurprisingly seen continuing strong demand and strong increase in property values.

With apartments embraced by homebuyers in Sydney’s East, new off-the-plan units have become a popular and affordable alternative to the traditional home.

Urban takes a look at the top four apartments available for purchase in the East.

1. Young &amp; Fennelly, Randwick 
Developer: Cbus Property

[smartcode_project:default project_id=100684 project_image_fid=164623]

Young &amp; Fennelly, a new stage at Cbus Property’s Newmarket Residences, offers an exclusive collection of parkside terraces.

Designed by Bates Smart, the development features 127 residences, with two residences still available in three-bedroom configurations.

Offering a modern take on traditional terrace living, the double-storey homes feature entertainer kitchens with stone islands, panelled timber detailing and private central courtyards.

The site is set upon former stables, and draws upon a classic Art Deco aesthetic to draw upon Randwick’s established residential setting.

2. Marmont, Double Bay 
Developer: Fortis

[smartcode_project:default project_id=24706 project_image_fid=171076]

Nestled discreetly behind Double Bay’s main boulevard, New South Head Road, Marmont is a new collection of eight oversized two and three-bedroom apartments.

Delivered by Fortis and designed by MHNDUnion, the contemporary development features copper panelled exteriors and terrazzo lobbies.

Each level offers two residences that boast expansive interiors, engineered timber oak floorboards and bespoke joinery.

The homes also provide secure garage parking via a street-level driveway, private storage and secluded terraces.

3. Estelle, Bondi 
Developer: K2 Property Development Group

[smartcode_project:default project_id=7057 project_image_fid=28993]

Representing the sophisticated new face of Bondi, Estelle is a new collection of 14 bespoke one, two and three-bedroom apartments positioned amongst Sydney’s coastal East.

Designed by MHN Design Union and Lawless &amp; Meyerson, the development showcases a distinctive design that features landscaped common gardens, metallic façade and modern bay windows.

The surrounding gardens provide contrast against the bold material palette, while interiors feature floor-to-ceiling windows to frame the verdant views.

All residences feature security parking, convenient lift access and full-length balconies that capture sea breezes and offer private entertaining space.

4. Kew Bondi 
Developer: Positive Investment Enterprise

[smartcode_project:default project_id=21609 project_image_fid=64068]

Offering 15 apartments across four levels, Kew Bondi provides convenience and luxury at its Bondi Road address.

Delivered by Positive Investment Enterprise, each apartment features flexible floorplans, lofty living spaces and a North Bondi outlook with ocean views.

Residences have been designed by PBD Architects with high-quality fixtures and finishes. Buyers can also choose between a contemporary or urban colour scheme to add a personal touch.

Amongst the leafy surrounds of Bondi, Kew offers secure parking space with direct access to Bondi Road and Edward Street, as well as natural materials in its design.

With apartments embraced by homebuyers in Sydney’s East, new off-the-plan units have become a popular and affordable alternative to the traditional home

max.kwok_55688

The top four apartments to buy in Sydney’s Eastern suburbs 

Set in the seaside village of Manly, 191 Stratton is a recent addition to the coastal suburb east of Brisbane.

The collection of contemporary one, two and three-bedroom residences have been crafted to make use of the local area.

Set one block from the main waterfront, the development provides modern interiors and high-quality inclusions designed to reflect the waterside spot.

Urban has had a look at what&rsquo;s on offer at 191 Stratton.

1. Location

[smartcode_project:default project_id=31674 project_image_fid=175295]

Just 30-minutes from the bustle of Brisbane&rsquo;s CBD, Manly is a place of calm waters and soft sea breezes.

The charming and relaxed seaside village is complemented by backdrops of Moreton Bay, providing opportunities for morning strolls along the beach and boasting stunning views.

Located in the city&rsquo;s outer east, the quaint neighbourhood possesses a community energy, with the Jan Powers Farmers Market on twice a month and a range of caf&eacute;s, pop-up stores and hotels that dot the streetscapes.

2. Lifestyle

[smartcode_project:default project_id=31674 project_image_fid=175294]

Living in this vibrant neighbourhood makes every day feel like a holiday, with opportunities to relax on the warm sand or enjoy a night at the family-friendly outdoor cinema.

Less than 10 minutes from home, the Wynnum Mangrove Boardwalk is amongst the most picturesque trails in southeast Queensland.

Residents can bask in living nearby parklands and recreational amenities, such as Bayside Park, the Bribie Island or the 25-metre Manly Pool at the foreshore. &nbsp;

3. Residences

[smartcode_project:default project_id=31674 project_image_fid=175288]

Honouring the village skyline, 191 Stratton is set back from the street with a weatherboard and metal fa&ccedil;ade that reflects the timber and tin common to the area&rsquo;s residential buildings.

Designed by Ellivo Architects, the development weaves the soft curves of its exterior into each residence, complemented by a neutral colour palette that speaks to the coastal locale.

The apartments embrace sunlight with wide orientations, open-plan living and dining and landscaped balconies.

Other features include the island benchtop that faces out towards the vistas, bay windows and high-quality joinery.

4. Amenities

[smartcode_project:default project_id=31674 project_image_fid=175284]

Among the amenities on offer at the project include an expansive private rooftop, featuring a terrace, vegetable garden and sun lounging areas.

The landscaped rooftop, ideal for entertaining, also includes barbeques, tables, a pergola and views across Moreton Bay.

[smartcode_project:default project_id=31674 project_image_fid=175290]

Residents will be welcomed into their homes&nbsp;by a verdant courtyard with lounge chairs and grassy areas, lined by cape jasmine and lemon myrtle.

A new level of wellness is delivered at the private fitness sanctuary, which includes a dedicated gym and fitness studio overlooking the tranquil courtyards.

5. The development team

[smartcode_project:default project_id=31674 project_image_fid=175283]

The developer, DeMartini Fletcher, has over 100 years of combined development experience across its property portfolio, priding itself on excellence.

Since its formation in 1980, the group have grown to become a leader in the Australian property market and possess a strong track record in delivering commercial and residential projects across the country.

Brisbane-based Ellivo Architects were employed on the project thanks to their experience in commercial, mixed-use and residential developments.

As a result, each space is more than just aesthetically-pleasing architecture, but functional and usable spaces that meet the needs of buyers.

[smartcode_project_cta: project_id=31674]

Set one block from the main waterfront, the development provides luxurious interiors and high-quality inclusions that deliver a coastal getaway at home

Eastern Suburbs

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Eastern Suburbs

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News