The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

[smartcode_project_cta:default project_id=135094]

Joel Robinson

Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

While most developers are aiming high across the Gold Coast, John Kearney’s <a href="https://www.apartments.com.au/developers/immerse-projects">Immerse Projects</a>&nbsp;has scaled back its plans for its Kirra Beach project.

As first reported by Apartments.com.au in April 2025, Immerse <a href="https://www.apartments.com.au/news/qld/first-look-immerse-projects-plan-new-apartments-at-kirra-beach">lodged plans for 105 apartments</a> on its 2,026 sqm Haig Street site.

The developer has now revised the proposal, reducing the 14-storey building to nine storeys and cutting the total number of apartments from 105 to 65.

The new scheme will also feature a broader mix of apartments. It will comprise 23 two-bedroom units, 17 three-bedroom units, and 25 four-bedroom apartments, the latter a configuration that was not included in the original proposal.

<img alt="Lot 11 C2859, 7 Haig Street, COOLANGATTA QLD 4225" data-entity-type="file" data-entity-uuid="972e3bbf-c3e6-4308-b098-5821e571f829" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Haig%20Street%20perspective%201.png?VersionId=3jkyNU0n7TW08DpkoEsY62bXWTb3UHxY" />

The building will rise to a compliant height of 29 metres, aligning with the Building Height Overlay.&nbsp;

The built form incorporates three basement levels accommodating 197 resident car parks and 13 visitor spaces, alongside storage and servicing areas. Level two is dedicated in part to communal amenity, including a lap pool along the western boundary, pool deck, spa and cold plunge pools, gym, work-from-home and meeting spaces, and landscaped areas designed to enhance privacy and outlook.

The typical floorplate will have eight apartments per level.

<img alt="Lot 11 C2859, 7 Haig Street, COOLANGATTA QLD 4225" data-entity-type="file" data-entity-uuid="002d2594-9cf4-4ee4-bb2a-9a0546ac1cc5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Haig%20Street%20site.png?VersionId=Qk.Cm0K9RziXrWu0Q4u2eOjEM3CwNhhC" />

The subject site is currently occupied by two 1970s-era walk-up buildings, Giraween and Caribbean, comprising 14 apartments.

Immerse Projects, led by building veteran John Kearney, who also heads construction firm Greyburn, has become increasingly active in the Kirra and broader southern Gold Coast market. The group recently completed Rhyhthm Kirra Hill on Garrick Street. They have another site locally, on McLean Street, which has approved plans for 58 apartments.

First Look: Immerse favours four-bed apartments in Kirra Beach switch

The development wave is continuing in the affluent suburb of Woollahra following last year’s planning reforms introduced by the Minns Labor Government.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the Woollahra Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Since then, a significant number of development applications have been lodged, and numerous sites have transacted, some at record highs, with the increased density provisions now working in favour of developers.

Lower North Shore developer Abadeen are behind the latest project. They are planning a six-storey residential building at 101–115 Edgecliff Road, on the border of Woollahra and Bondi Junction.

<img alt="First Look: Lindos Group plans six-storey adaptive reuse apartment project in Woollahra’s Fletcher Precinct" data-entity-type="file" data-entity-uuid="17a75a04-3ecd-4b0f-af9f-54514690721b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Edgecliff%20DA%20front.png?VersionId=r0MiKualBGqKrjVj6hJZHsEiwl9QzF0D" />

The proposal would replace a trio of interwar flat buildings on the amalgamated 1,514 sqm site, which has three street frontages to Edgecliff Road, Adelaide Street and Australia Lane.

Importantly, as noted in the documents, the project represents a 200 per cent increase in bedroom density, from 32 bedrooms to 66, rather than a significant increase in the number of apartments, which will rise only slightly from 28 to 29.

The scheme proposes four one-bedroom units, 13 two-bedroom units, and 12 three-bedroom apartments. The submitted planning documents note that, based on market research and background analysis, one of the primary target markets will be downsizers seeking to remain in the local area while moving out of larger freestanding homes they no longer require.

“This allows for new housing supply opportunities beyond just the subject site,” the Design Report by architecture firm Squillace states. The current unit mix comprises 24 one-bedroom apartments and four two-bedroom units.

The top level of the new development will feature a rooftop deck with a pool, barbecue facilities, integrated seating, and a communal vegetable and herb garden.

“Providing these facilities is beneficial in encouraging increased interaction between occupants, which in turn fosters a greater sense of community,” Squillace’s report notes. The firm adds that the vegetable and herb garden, in particular, offers social value, with volunteering opportunities creating further interaction among residents.

<img alt="First Look: Lindos Group plans six-storey adaptive reuse apartment project in Woollahra’s Fletcher Precinct" data-entity-type="file" data-entity-uuid="9619b7bb-291d-417a-a006-f36d14a97cb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Edgecliff%20DA%20perspective.png?VersionId=PYeMKcgOnEV7XVztARQ_YVDlvHcuyZaW" />

Squillace describes the intent as delivering additional housing supply while maintaining the heritage character of the Fletcher Precinct.

“Our objective is to design a high-quality benchmark building that enables considered additions and the adaptive reuse of the existing three brick residential flat buildings,” the architecture firm states.

The site is located within a heritage conservation area, with all three existing buildings identified as contributory items in the Woollahra Development Control Plan. Rather than pursuing wholesale demolition, the proposal retains the primary brick façades and tiled pitched roof forms along Edgecliff Road and Adelaide Street. New upper-level additions are set back from the existing parapets and articulated with horizontal and vertical shadow lines to provide visual separation.

“The proposed design seeks to retain the primary brick façades and roof forms to the street, demonstrating how existing building fabric can be preserved while increasing housing density within conservation areas,” the report adds.

Prior to Christmas, around <a href="https://www.apartments.com.au/news/nsw/rose-bay-apartment-market-fires-up-with-200m-in-new-developments-filed">$200m of new projects</a> were filed in Rose Bay alone, within the Woollahra LGA.

The suburb of Woollahra is subject to the most change in the Woollahra LGA, with the&nbsp;Minns Labor Government to deliver&nbsp;Sydney’s first new heavy rail station in more than a decade, enabling up to 10,000 new homes by rezoning land around&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025" target="">Woollahra</a>&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developments/edgecliff-nsw-2027" target="">Edgecliff</a>&nbsp;stations.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/next-stop-woollahra-train-station-delivering-up-to-10-000-new-homes-in-the-heart-of-sydney">Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney</a>

First Look: Woollahra development wave continues as Abadeen plots six-storey apartment block

<a href="https://www.apartments.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach-qld-4218">Crest Broadbeach</a> continues to record strong sales momentum more than a year after the launch of second tower, reinforcing buyer confidence in the <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> development as construction progresses on site.

The two-tower project on Armrick Avenue is now around 70 per cent sold. Around 90 per cent of the apartments in the first tower have been snapped up, with more than 40 per cent of sales achieved in the second tower since its mid-2025 release. With both towers now under construction and completion targeted for late 2027, Crest continues to attract buyer interest well after its initial launch.

The project’s sales success reflects Morris Property Group’s long-standing commitment to premium locations, delivery certainty, and apartments designed for long-term owner-occupiers.

[smartcode_project:default project_id=112024 project_image_fid=343113]

Crest occupies a rare position on Armrick Avenue, a leafy Broadbeach address that has seen minimal apartment development despite the suburb’s wider growth. The site overlooks expansive green space, including Broadbeach Park and the neighbouring bowls club grounds, offering leafy outlooks and immediate access to open space just moments from the beach.

That scarcity has been a key driver of urgency, particularly among buyers seeking a full-time coastal residence in an area where new supply opportunities are increasingly limited.

Delivery certainty has also played a central role. Morris Property Group is delivering Crest using its in-house construction team, with both towers being built concurrently, providing buyers with clear construction visibility at a time when confidence in project timelines has become a decisive factor.

The developer’s long-standing presence in Broadbeach has further reinforced buyer confidence. Crest is Morris Property Group’s ninth apartment development in the suburb since 2006, following recently completed projects such as Malo Broadbeach and with Maison Broadbeach currently under construction nearby.

[smartcode_project:default project_id=112024 project_image_fid=5430]

Pricing has also been carefully positioned relative to comparable beachfront and near-beach product. With two and three-bedroom apartments starting from $1.199 million, Crest has attracted both local downsizers and interstate purchasers seeking value without compromising location or build quality.

According to Apartments.com.au enquiry data, interest has remained broad-based, with Queensland buyers forming the core market and New South Wales accounting for around 20 to 30 per cent of enquiries since early 2024.

Apartments have been designed with owner-occupiers in mind, prioritising generous floor plans, practical storage, and low ongoing costs. Hybrid timber flooring, Bosch appliances, ducted air conditioning with condensers positioned away from balconies, and low body corporate levies, averaging around $90 per week for two-bedroom apartments, have resonated with buyers planning to live in the building long term.

[smartcode_project:default project_id=112024 project_image_fid=286005]

Resident amenity has been curated to support everyday use rather than short-term spectacle, with a gym, pool, barbecue facilities and landscaped outdoor spaces integrated into the development.

As broader market conditions continue to reward projects that combine location discipline with delivery certainty, Crest’s sales performance highlights where buyer demand is consolidating in Broadbeach, towards established streets, proven developers, and apartments designed for permanence rather than turnover.

[smartcode_project_cta:default project_id=112024]

Sustained sales momentum underpins demand at Morris Property Group’s Crest Broadbeach

<article data-scroll-anchor="true" data-testid="conversation-turn-4" data-turn="assistant" data-turn-id="request-WEB:2cd0935f-64f2-4642-8736-f0c056a17aa8-1" dir="auto" tabindex="-1">
South East Queensland developer SIERA has lodged a development application for a 27-storey residential tower on Chevron Island, marking its third project in the Surfers Paradise area and second within the island precinct.

Designed by Gold Coast-based BDA Architecture, the proposal comprises 130 apartments across a slender tower positioned opposite Chevron Island Park. The 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-19-anembo-street-surfers-paradise-qld-4217">17-21 Anembo Street</a> sits at the western entry to the island and offers protected view corridors towards the Nerang River and hinterland.

According to SIERA Founder Brent Thompson, the design intent has been to create what he describes as “a Queenslander in the sky,” with a narrow floorplate to minimise overshadowing, maximise cross-ventilation and respond to the subtropical microclimate.

The podium has been articulated with layered materials and cascading landscaping to provide a transition between the park frontage and the residential tower above. A full-floor communal amenity level on level four will capture elevated park and river views, providing residents with wellness and recreation facilities in a private setting.

<img alt="Siera" data-entity-type="file" data-entity-uuid="7d1008c8-e1b5-4923-a568-29f356068e3f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-02-16%20at%204.06.44%E2%80%AFPM.png?VersionId=p_0qI12aHgz3M8aHFbUoduXBOKDhcrqV" />

Thompson said the project continues the developer’s focus on Chevron Island, a precinct he believes has been “significantly underrated” but is now gaining broader recognition.

“The demand we’ve seen at Tapestry, nearing sell-out and completing later in 2026, confirms this is where Gold Coast residents want to live,” he said.

“It offers something rare: quiet neighbourhood character with wide, tree-lined streets, genuine local amenity, cafes, quality restaurants, medical services, daily necessities, and excellent connectivity to the light rail, beaches, river and HOTA, without feeling touristy or transient. As one of only two true island residential communities on the Gold Coast with limited development opportunity, this will become one of the coast’s most coveted addresses for those seeking a genuine residential lifestyle.”

Chevron Island has undergone steady evolution in recent years, benefiting from its proximity to HOTA and improved connectivity to Surfers Paradise and the light rail network. Thompson described the location as presenting “a unique window of opportunity”, noting that while buyer activity is strong, “pricing hasn’t yet caught up to comparable locations.”

“For buyers who understand the precinct’s trajectory, particularly its proximity to HOTA and the cultural activation happening there, this represents compelling value,” he said.

Apartment configurations will comprise two- and three-bedroom layouts targeted primarily at local owner-occupiers. Thompson said the homes are designed for “practical living,” with natural light, cross-ventilation and generous outdoor spaces central to the planning approach.

“We’re not chasing volume,” Thompson added. “We’re focused on delivering projects in the right locations for genuine owner-occupiers. Chevron Island offers an incredible combination of lifestyle, connectivity and value that we believe is significantly underappreciated in the broader Gold Coast market.”

The Anembo Street proposal follows SIERA’s 113-apartment Tapestry development on Chevron Island, currently under construction and due for completion in 2026. The developer recently completed Pipis in Bilinga and is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a 54-apartment project in Northcliffe, Surfers Paradise, in the second quarter of 2026, with 40 per cent of apartments reportedly secured ahead of its formal launch.

SIERA operates as a vertically integrated builder-developer, managing acquisition, design, sales and construction in-house.

“We’re builders at heart who develop exclusively for ourselves,” Thompson said. “We don’t build for others; we refine what we do for our residents and owners. That focus allows us to control and oversee every detail, every communication, every interaction with stakeholders from neighbours to owners to council. We’re relentless in pursuing thoughtful design for practical living.”

Pricing for the Anembo Street project has not yet been released and remains subject to development approval. The application is currently under assessment by Gold Coast City Council. If approved, construction is anticipated to commence in late 2026, with completion targeted for 2028.
</article>

First look: SIERA doubles down on Chevron Island with new tower plans 

Home Builders

New homes sales jumped around 15 per cent in June, according to the HIA New Home Sales report.

The data comes from a survey of the largest volume home builders in the five largest states.

Private new detached home sales rose by 14.8 per cent in June to 5,841.&nbsp;

Over the year to June, sales were 44.9 per cent higher than the previous year. 
&nbsp; 
&ldquo;The strength of new home sales nationally suggests that there will be a significant number of new homes entering the pipeline post HomeBuilder which will ensure activity remains elevated into 2022,&rdquo; HIA economist Angela Lillicrap said.

[smartcode_project:default project_id=99962 project_image_fid=160810]&nbsp;

While sales in the June 2021 quarter are below the levels experienced during the nine months of the HomeBuilder program they are stronger than the same quarter in 2019 and on par with the June 2018 quarter, which was a strong year for detached home building. 
&nbsp; 
&ldquo;Record low interest rates and confidence in the housing market are driving demand from owner occupiers. 
&nbsp; 
&ldquo;Strong house price growth is also a contributing factor,&quot; she said.

&quot;Households enter into a contract to build with the expectation that house prices will continue to grow and the property will be worth more when it is completed,&quot; she said. 
&nbsp; 
The strength in new home sales is not occurring evenly across the states. 
&nbsp; 
&ldquo;New home sales in New South Wales and Western Australia were over a third higher in the June 2021 quarter compared to the same time in 2019.&nbsp;

[smartcode_project:default project_id=95340 project_image_fid=160801]

Sales in Queensland were 4.4 per cent higher compared to the June 2019 quarter, while Victoria is flat (down by 0.1 per cent).&nbsp;

South Australia had the strongest response to HomeBuilder, but sales since the end of the program remain lower by 14.4 per cent compared to the June 2019 quarter. 
&nbsp; 
&ldquo;This strong volume of sales will continue to pull the national economy forward,&rdquo; concluded Ms Lillicrap.

No data was published by the HIA for multi-unit sales.&nbsp;

The HIA publish an annual Housing 100 Report which lists the nation&rsquo;s top residential builders.

Metricon Homes top the last published list with a total of 4,534 new home starts across Victoria, Queensland, New South Wales and South Australia.&nbsp;

Of these starts, 4,303 were detached houses and 170 were semi-detached dwellings,&rdquo; added Mr Reardon.

The second most active builder in 2019/20 &ndash; and the nation&rsquo;s largest apartment builder &ndash; Hutchies had 3,820 housing starts, followed by Multiplex with 3,486 starts.

Despite Covid, the 28th annual HIA&ndash;Colorbond&reg; steel Housing 100 Report 2019/20 survey showed that the number of new home starts by the nation&rsquo;s largest 100 builders increased from 67,694 to 69,459.

The strength in new home sales is not occurring evenly across the states

jchancellor-FAypfDUnLy

House and land package buyers expect to be ahead pricewise on construction completion:  HIA

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Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

The hub, which will support growing demand for their homes, will service the wider area, including the Greater Bendigo and Shepparton regions.

Sherridon, who also have offices in Ballarat, Gippsland and central Melbourne, are preparing plans to submit to the local council to refurbish the commercial building at 2-4 Pall Mall.

They're seeking to remove to upper level hoarding to reveal and restore the original façade and windows, as well as turn the untenanted element of the 545 sqm space in to a colour selection showroom and office.

The building has a long history of commerce and trade dating back to the 19th century, and is currently partially tenanted, with a vacant portion most recently home to Dymocks book store.

Sherridon Homes, part of AHB Group, is on track to build around 1,500 homes this year across regional Victoria and Melbourne.

Its regional operations are headed up by seasoned industry professional Natalie King, the former managing director of JG King Homes.

“We are committed to being a regional builder creating jobs and opportunities for local businesses to support the growth of the region”, says Ms King. “Underpinning our success will be the strength and support of a large building group embracing the passion and knowledge of a local team.”
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Victorian home builder Sherridon Homes is set to create a customer hub in Bendigo having bought a historic building in the heart of the town.

Sherridon Homes to service Bendigo and Shepparton regions with new customer hub

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The prestige Melbourne home builder Canny Builders has entered voluntary administration.

Builder Damian Canny called in the accounting firm PKF last Friday with the administrators Glenn Franklin and Jason Stone assessing whether the business can be sold.

PKF said it is “already aware of a number of parties interested in the business and the company’s IP.”

The 12 affected owners of home under construction have been contacted, the realestatesource website advised.

Mr Franklin said all efforts will be made to transition these projects as part of a business sale “or facilitate a transfer to builders of the home owners’ choice”.

The Canny Homes division has been building for 25 years with the dwellings typically priced between $1 million to $7 million.

Kip Harding of Red Consulting International, the company accountant, sought the referral to PKF.

Franklin initially met Canny, Harding and the builder's then financial officer Joshua Williams in late February this year.

In March they discussed a turnaround management plan.

The appointment was to Canny Builders Pty Ltd and CWD Holdings Pty Ltd.

In 2013 Canny took out the 2013 Australian HIA Australian Project Home of the Year award for its Lubelso concept home in Malvern.

The two-storey home features three integrated living zones, four bedrooms and an automated trapdoor to the cellar. 
 

<hr>
 

See More: Prestige Melbourne homes available to secure now

[smartcode_project:default project_id=2772]

[smartcode_project:default project_id=89720]

[smartcode_project:default project_id=31283]
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j.ballantyne1990-6AQqhLzZaK

Prestige Melbourne home builder Canny Builders goes into voluntary administration

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EXPERT OBSERVATION
The announcement by the NSW Government that they will be funding $285 million for apprenticeships is good news for housing supply.
The current boom in construction in NSW and particularly in Sydney will need a continuing supply of skilled trades people.
The NSW Government support for a continuing number of apprentices in the building and construction industry is therefore essential for the future work-loads.
New South Wales currently has 400,000 people employed in the development / construction industry with 280,000 of these working on new residential projects.
While recent approvals for residential projects seem to be slowing down this is hopefully a short term dip that will be balanced by continuing growth.
The allocation of almost $300 million to a continuing program of apprenticeships is a good move to help the future of the industry and will ensure thousands of young people have opportunities to develop valuable skills and undertaking training which will help them secure employment.
But the NSW Government needs to carefully manage the current community concerns about the extent of development in the residential sector as well as for major infrastructure projects.
It is important that the current extent of development is maintained so that the thousands of apprentices trained through the government’s funds have employment opportunities now and into the future.
To ensure a good flow of construction work into the future the state government needs to also manage demands from councils to increase infrastructure levies and affordable housing levies that will add to the cost of housing and slow down the supply of new housing.
CHRIS JOHNSON is the Urban Taskforce CEO.
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jrobinson-rf4aSBido9

Apprenticeship funding is good news for housing supply: Urban Taskforce

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For the second year in a row, Metricon Homes was revealed as the nation’s number one residential builder, at the launch of the HIA-COLORBOND® steel Housing 100 Report in Melbourne this morning.
<a href="https://www.metricon.com.au" target="_blank">Metricon Homes</a> reported a total of 4,367 starts - just two more than last year - across Victoria, Queensland, New South Wales and South Australia.
Of these starts, 3,876 were detached houses and 491 were semi-detached dwellings.
The number of new houses commenced in Australia has fallen over the last year, but the bar for entry into the HIA–COLORBOND® steel Housing 100 Report continues to rise.
The number of starts required to make the list has increased from 96 to 108 – the highest entry hurdle on record.
The HIA–COLORBOND® steel Housing 100 Report shows that:
<ul>
<li>Australia’s 100 largest builders increased their starts by 8.5 per cent to 74,572 during 2016/17, the highest number of starts on record for the Housing 100 group;</li>
<li>The Housing 100 accounted for 45 per cent of all new dwellings started in 2016/17;</li>
<li>Revenue earned from home construction by the Housing 100 increased by 22 per cent to $22.61 billion in 2016/17.</li>
</ul>
The number of new dwellings commenced in Australia declined by 6.9 per cent in 2016/17 but the number of housing starts by the largest 100 Builders in Australia actually increased by 8.5 per cent.
These results show that even in a shrinking market, there are a smaller number of builders that are still growing their business.
The boom in apartments - particularly in Sydney and Melbourne - has been a major factor in this year’s results.
Multi-unit starts have declined this year compared to the previous year, but they still remain at very elevated levels.
<a href="https://www.propertyobserver.com.au/images/2017/09/20/Screen%20Shot%202017-09-20%20at%2010.48.02%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/20/Screen%20Shot%202017-09-20%20at%2010.48.02%20am.jpg" alt="">
<a href="https://www.dyldam.com.au" target="_blank">Dyldam Developments</a> is Australia’s second-largest homebuilder with 3,605 starts during 2016/17. All of Dyldam Developments’ starts relate to apartment construction in Sydney.
<a href="https://www.abngroup.com.au" target="_blank">ABN Group</a> defied a slow market in Western Australia to achieve third place on the list.
The biggest mover for a second year in a row was the <a href="https://www.mjhgroup.net.au" target="_blank">MJH Group</a> with an increase of 517 starts in 2016/17.
This is in addition to their growth of 1,034 starts during the previous year escalating them to sixth place on the list of largest builders in Australia.
ACT-based <a href="https://www.geocon.com.au" target="_blank">GEOCON</a> more than doubled its number of starts – with an increase of 492 starts - in 2016/17. This makes them the second biggest mover in the year.
The NSW <a href="https://rilowgroup.com.au" target="_blank">RILOW Group</a> jumped 26 spots on the list to be the 58th largest builder in the country.
There are 17 builders appearing on the list for the first time, which are predominantly from NSW and Queensland.
The prior HIA-COLORBOND® steel Housing 100 Report 2015/16 revealed a fourth consecutive increase in new dwelling commencements for Australia’s largest volume builders, with Metricon topping the latest list.
The total number of HOUSING 100 starts was 69,161 in 2015/16, compared to the previous record of 69,100 in 2003/04 and the ten year high of 68,621 reached in 2014/15.
The report, that ranks Australia’s largest 100 residential builders based on the number of homes commenced each year, found that Metricon Homes was the nation’s number one home builder in 2015/16.
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New townhouses

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