The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

House And Land

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The property developing Deague family have spent $86 million on a 70 hectare house and land site near Craigieburn.
They have the intention to build a $750 million estate.
It's a rare house and land purchase for the Deague family, more well-known for their apartment, hotel and mixed-use developments.
Last year the Deague's paid nearly $25 million for a commercial development site in South Melbourne.
That's set for a $150 million, seven level Rothe Lowman-designed office project next to its existing business park.
The Deague family claims a property development tradition in the state that dates back to 1859.
Deague Group chief executive Will Deague told the AFR they saw better opportunities in the house and land market but the family is still committed to the apartment and mixed-use development space.
"The returns [in apartments] aren't there and so the demand has softened," Deague said.
"With migration into Australia, and especially the northern corridor of Melbourne at record levels, we will continue to look for further opportunities in this space," he said.
William Deague recently spent $12.2 million on a 1930s Toorak home and quickly got the work demolishing the landmark home.
The Deague family launched Whitehorse Towers in Box Hill late last year and saw over 500 apartment sales in two days.
The towers were billed as the tallest residential towers outside of the CBD. 
 
  
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<h1 class="story__headline"><a id="LPlnk328857" class="OWAAutoLink" href="http://www.afr.com/personal-finance/borrowers-face-twofold-increase-in-property-deposits-as-lenders-tighten-terms-20180613-h11cwy"> </a></h1>
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jonathanchancellor-7SQnKwU6yx

Deague family plan $750 million estate outside Melbourne

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Global property developer Sekisui House has marked a major milestone, announcing the commencement of its 100th SHAWOOD home in their The Hermitage at Gledswood Hills masterplanned community. 
<a href="http://www.shawoodaustralia.com.au" target="_blank">SHAWOOD</a> complete designer homes are available from $635,000 at The Hermitage, located in Sydney’s south-west.
<a href="http://www.thehermitagesydney.com.au" target="_blank">The Hermitage</a> is a 320 hectare masterplanned community that will eventually comprise over 2,000 new dwellings.
It boasts 155 hectares of open space, including 35 hectares parklands and a 120 hectare golfing precinct, boasting a premiere nine hole course designed and constructed by Greg Norman. A 3.5 kilometre green corridor connects the northern golf precinct with the community. 
The Hermitage Sales and Information Centre is located on the corner of Fairbank Drive and Camden Valley Way, Gledswood Hills. 
SHAWOOD homes benefit from decades of building expertise that Sekisui House has fine-tuned. Since its launch in Japan in 1995, Sekisui House has built more than 50,000 SHAWOOD homes globally. 
Toru Abe, CEO and managing director at Sekisui House Australia said its market research indicated in the very early stages that Australia had the potential to adopt and "perhaps in time, demand a higher level of performance and quality in mainstream new home building". 
“It was clear that energy efficiency and thermal comfort would continue to be pushed by policy makers and for good reason, particularly given the current turn of events in terms of housing affordability and level of energy consumption charges," Abe said.
"The SHAWOOD homes product is one of Australia’s market leaders in these areas."
Sekisui House constructs on average 3,500 SHAWOOD homes every year in a global environment where energy and thermally efficient homes are growing in demand, Abe added.
Craig D’Costa, general manager at Sekisui House Australia said one of the most significant proof points for reliability was the high-quality laminated timber post and beam structural frame.
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jrobinson-rf4aSBido9

Sekisui House commences 100th Shawood home

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Large lots with sweeping vistas are in favour with Gold Coast homebuyers, with some locals waiting up to a decade for the chance to move up to the latest Coomera Waters land release.
According to QM Properties general sales manager Damien Ross, demand for large lot release Quest has been exceedingly strong.
“Quest is one of the final land releases at Coomera Waters and certainly the highest, sitting at 130 feet above sea level and offering potential residents views to the Broadwater and the Hinterland,” Mr Ross said.
“The exclusive gated stage features just 42 lots, ranging from 1,355sqm to 4,599sqm and priced from the low $400,000s.
“The combination of large lots and spectacular views has helped drive enquiries, many of which have come from local residents who bought in the area up to 10 years ago and have been waiting for this part of the masterplan to be released.
“Quest is the jewel in the crown of Coomera Waters, offering both the space to create an architectural masterpiece as well as the exceptional backdrop of the Gold Coast skyline.”
<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/2017/11/20/Coomera1.jpg" alt="">
Coomera was identified as one of the areas most likely to remain a building hotspot in a recent <a href="https://hia.com.au/-/media/HIA-Website/Files/ShopHIA/Downloads/economics/Hotspots17.ashx" target="_blank">Housing Institute of Australia survey.</a> 
The Gold Coast City Council recently announced plans to update the city plan to allow for more small-lot developments across the coast.
“There’s definitely a need for both in the market however current demand does indicate a preference for larger lots, particularly amongst second and third homebuyers seeking a forever home,” Mr Ross said.
“We have also received a high level of enquiry from people looking to move into this booming region due to the upcoming infrastructure.
 “An $11 million school was announced for Coomera in this year’s state budget, and the $470 million dollar Westfield Coomera is expected to deliver 140 specialty stores and 7500 jobs upon opening its doors late next year.”
A range of home and land packages are available at Quest, architecturally-designed to make the most of the stunning views and priced from $695,000 to $1,250,000.
Civil works on Quest are currently underway and expected to be completed by February 2018. 
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Coomera Waters land release to cater for growing demand for large lots

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A Brisbane developer has purchased a 7.3 hectare site in Thornlands for $3 million, with plans for residential lots.
The site will be developed into a 34 lot subdivision, plans for which were recently approved by the The Redland City Council. 
The selling agents were Adam Rubie and Brendan Hogan of Colliers International.
The site was sold after an expressions of interest campaign.
“The developer will sell an existing residential dwelling and use the balance for a residential subdivision of 33 lots on an elevated part of the site surrounded by a significant area being dedicated to Council for open space and rehabilitation. They plan for the lots to range in size from 360 sqm to 500 sqm,” said Rubie.
Hogan added that demand for new homes is outstripping supply in the Redland City Council Area, which is why the developer interest.
“In the last two years, the sales volumes of land in this region have increased by 26 per cent with an average sale price increasing by 7 per cent to $305,324.
“This is still some of the most affordable bayside living in Australia this close to a capital city.”
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Thornlands site snapped up by developer for residential lots

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Chinese developer Dahua Group have launched the first stage of their Sutherland Shire boutique estate, The Ridgeway.
The first 13 blocks of land within the 14 hectare Barden Ridge development that sits opposite the landscape-designed The Ridge Golf Course range in size from 550 sqm and are priced from $800,000.
Stage one is being marketed as The Linden Release, named after the native trees within the estate.
The whole project near the Royal National Park will total 133 lots and will retain a large portion of the native bushland on the site.
It includes a small forest of native Turpentine trees.
<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/2017/11/2/Dahua3.jpg" alt="">
Dahua Group Sales Director Lili Shang said Dahua was thrilled to be launching a new boutique estate to the Sydney market with a unique and rare opportunity to secure land in the highly sought-after Sutherland Shire. 
“The Ridgeway is an exclusive opportunity to secure private, tranquil land set within a national park, with a full-size council-owned golf course located opposite the site, as well as excellent amenity nearby,” Shang said.
“We’ve had a number of local upsizing families who have been patiently waiting to secure a block of land upon which they plan to build their dream family home.  
“As the first blocks to be released in the estate, these will not take long to sell largely due to the sheer rarity of land available in the Sutherland Shire.”
Dahua Group bought the site from the Gandangara Local Aboriginal Land Council.
For more information on The Ridgeway, <a href="https://www.theridgeway.com.au/" target="_blank">click here</a>.
 
 
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Dahua Group launches Sutherland Shire land release at  The Ridgeway

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Building a home can be substantially cheaper for first home buyers than buying one amid the trend that shows home building is at its highest in recent history, says new research by property ‘matchmaking’ service Houseandland.com.au. 
The study, conducted in the last month, comes at a time when potential first home owners are looking to take advantage of concessionally taxed deposits within superannuation as part of the 2017/18 budget. 
The government has provisioned topping of the superannuation savings by $30,000 which can then be used towards a home deposit in a move to encourage first home buyers. 
Figures from houseandland.com.au show that building a home is on average 13.9% more affordable than buying a move-in-ready home ($361,096 and $419,400 respectively), whilst house and land packages can produce an 11.1% saving.
The report also found that a quarter (25%) of consumers intending to buy their first home within the next five years will build their own home. Amongst these first time home builders, almost three quarters (74%) would build for reasons relating to personalisation and more than 2 in 5 (44%) for reasons surrounding the ability to be creative. 
In fact, 4 in 5 (79%) home owners and intending first home buyers alike, agree that building their own home would let them see their dreams come true, led by Gen Y at a high 84%. 
<a href="https://www.propertyobserver.com.au/images/2017/08/14/HomeBuilding.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/14/HomeBuilding.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/08/14/HomeBuyers.png" target="_blank">Click to enlarge</a>
 <img src="https://www.urban.com.au/images/2017/08/14/HomeBuyers.png" alt="">
Dean Kyros, founder of Houseandland.com.au, also said that home building was at its highest in recent times.
“Overall, the proportion of Home Builders is currently at its highest point in recent history. 35% of those who bought a home in the past 2 years are Home Builders. This is higher than 2-4 years ago (20%), 5-9 years ago (27%) and 10-19 years ago (18%),” he said.
“With property market prices increasing, it’s not surprising first home buyers are increasingly looking to more economical means of creating their dream home. By comparing house design, land for sale and land estate, as well as fixed-price house and land packages, first home buyers can achieve significant savings through building, all whilst customising their home to their personalised preferences,” says Kyros. 
Houseandland.com.au connects potential buyers with current house designs and recently said its new technology was an industry first. 
Houseandland.com.au also revealed that 84% of Gen Y home owners and intending first home buyers are turning to software to find their ideal property.
It’s no surprise then that businesses are turning to algorithms to meet the growing demand in tailored purchasing, with three quarters (73%) of home buyers and builders alike using online platforms to lead their new home purchase, whilst 23% consider display homes a thing of the past, Houseandland.com.au said.
The report was conducted by Lonergan Research on behalf of houseandland.com.au in accordance with ISO20252 standard. 1,097 Home Owners and Intending First Home Buyers were surveyed between 28th June and 3rd July 2017. Surveys were distributed throughout Australia including both capital city and non-capital city areas. After interviewing, data was weighted to the latest population estimates sourced from the ABS. 
 
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First home buyers can save up to $60,000 by building their own: Research

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Startup Houseandland.com.au said it has developed a new technology to match home shoppers with their 'perfect house and land match'. 
House and Land (<a href="https://www.houseandland.com.au/" target="_blank">houseandland.com.au</a>) says its technology is an industry-first, and has been developed utilising its HAPI technology. 
The website connects buyers with the latest house designs from Australia’s leading builders and developers, along with the best estates and land blocks across the country, and tries to match them with their requirements. 
Buyers can compare designs, land for sale and land estates, as well as fixed-price house and land packages across Sydney, Melbourne, Brisbane, Adelaide and Perth on the website.
HAPI also allows companies to adapt the offering to their own business by integrating the solution into their own websites and apps 
“Having worked in the property industry for many years, I wanted to provide a solution for land owners and property developers that is based on my own experiences and learnings, which has resulted in an authentic solution,” said developer and House and Land founder Dean Kyros.  
The technology can be embedded within existing websites while also expanding a developer’s reach through the website houseandland.com.au.
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Startup plays matchmaker for buyers and developers with innovative platform 

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Australia’s residential land market showed signs of increased supply pressures during the closing quarter of 2016, as demand for land continues to outstrip supply, according to the latest Housing Industry Association-CoreLogic Residential Land Report.
The report is another indicator of the challenges the government faces in its battle to make housing affordable. The federal budget to be unveiled on May 9 is expected to address the affordability problem. 
HIA senior economist Shane Garrett said the sharp dip in volume of residential lot transactions during the December 2016 quarter had placed pressure on land prices.
“With land being such a crucial ingredient in new home supply more challenging cost conditions in the market for residential land in 2017 will make the battle to improve housing affordability more difficult,” Garrett said.
“We need to make it easier and less costly to deliver additional stocks of shovel-ready residential land to market. This can only be done by tackling planning delays in zoning and subdivision, releasing government-held land and improving funding mechanisms for housing infrastructure.”  
<a href="https://www.propertyobserver.com.au/images/2017/04/27/ResiLand.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/27/ResiLand.png" alt="">
Eliza Owen, CoreLogic’s commercial research analyst, said the continued fall of sales volumes against sustained value increases suggests demand is outstripping the available supply of vacant residential lots.
She said this was particularly evident in Melbourne, where the value of lots experienced the highest growth of all capital cities in the year to December (16.3 percent).
Sales volumes in the city fell 15.2 percent in the six months to December 2016.
“The median lot value in Melbourne is still lower than Sydney, which has consistently maintained the highest median lot price of the capital city markets. With a median vacant lot price of $455,000, this accounts for approximately 45 per cent of the median Sydney house price at the December quarter, assuming the median house was on the median lot. This median lot value has increased a staggering 65 per cent over the last five years,” she said. 
“With housing affordability high on all government’s agenda, and an increasing concern for households, particularly in Sydney and Melbourne, more attention must be paid to how increased supply of residential land could help ease demand,” concluded Eliza Owen. 
<a href="https://www.propertyobserver.com.au/images/2017/04/27/ResiLand2.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/04/27/ResiLand2.png" alt=""> 
According to the latest HIA-CoreLogic Residential Land Report, the weighted median land lot price rose by 4.8 percent to $254,406 during the December 2016 quarter – 9.3 percent higher than a year earlier. 
The report also indicates that the estimated number of land lot sales across Australia totalled 10,756 during the final quarter of 2016 – down by 22.7 percent compared with the previous quarter and 39.5 percent lower than a year earlier. 
Based on land transactions during the December 2016 quarter, the annual pace of residential land price growth was strongest in Melbourne (+16.3 percent), followed by Sydney (+10.7 percent) and Adelaide (+10.3 percent). Over the same period, Perth’s residential land market experienced the weakest price growth (+0.9 percent) with modest land price increases affecting Brisbane (+5.4 percent) and Hobart (+3.1 percent). 
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Supply pressures forcing land prices up: HIA-CoreLogic report

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High taxes are taking a toll on new house and land packages built in Sydney’s South West, with taxes comprising about 30% of the cost to produce them, according to research by developer The Monarch Investments Group (Monarch). 
Taxes for an average sized house and land package include GST of $65,909, stamp duty of $26,813 and council and state contributions $30,500, Monarch said in a media release.
Monarch chief executive Peter Icklow said the government should look at various measures to improve housing affordability for the younger generation. 
These include reducing the GST on new houses, perhaps placing that shortfall of revenue on all houses and lowering stamp duty as well as reducing infrastructure levies, he said. 
"Ten years ago in Macquarie Links Estate a house and land package on a 800 square metres lot was $700,000, today it is over $1.1 million for the same size home,” Icklow said.
"The tax percentages have remained the same however, with the increase in land and house prices the amount the government is pocketing is vastly different.
"They are billions of dollars richer from the capital growth in property and land.
"Since 1955, we have developed over 6,000 land lots in our masterplanned communities, with over 50 per cent located in South Western Sydney. The biggest change we have witnessed is the shrinking land lots."
Ten years ago the average sized lot in Macquarie Links was 800 square metres, whereas now Monarch is building triplexes on 180 square metres at The Meadows. 
“Land is simply too expensive. We are building smaller lots to meet purchaser demand,” he added.
“The first home buyer market is alive and well in the South West. In recent years, we have witnessed first home buyer city dwellers renting apartments now moving into the suburbs. They are after space to raise children and good infrastructure and facilities. The South West is providing this with billions of dollars being spent in the region from both the private and public sector,” Icklow continued.
He said first home buyers have bought more than 90% in The Meadows in Bardia while at the finished Ingleburn Gardens Estate, their proportion was 80%. 
“We are finding that downsizers from inner city locations that have built up good equity are also now starting to move out. Many people are selling homes worth around one to two million, purchasing a new home in the South West for around $700,000 and then using the excess for holidays or hobbies.”
The Meadows will have 210 houses and more than 30% is already sold. It is located directly beside Monarch’s Ingleburn Gardens Estate and across the road from the company’s first flagship development in the area, Macquarie Links Estate.
The development will have a swimming pool, playground and recreational facilities. 
Prices start from $669,950 to $789,950 (average $709,950) for a three bed duplex and range in lot size from 230 square metres to 300 square metres. 
 
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Taxes take 30% of south-west Sydney land and house packages: Monarch

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Good land sales and home construction activity in the new and modern residential estates in the Southern Tablelands is pushing first home buyers to suburbs on the outskirts of Goulburn, according to HTW’s Month in Review: March 2017.  
The valuation firm says Belmore Estate, Merino Country Estate and the Mistful Park Estate are offering packages that are affordable options for first home buyers.
New land releases in these estates are trading for $220.000 to $250,000, with house and land packages ranging from $500.000 to $550,000, HTW says.
“Likewise some of the villages between Sutton Forest and Goulburn, such as Marulan, have seen an uptick in first home owner activity, with new land releases being quickly absorbed by the market in the $160,000 to $190,000 range for 1,000 square metre blocks,” the report states.
“Part of the attraction here aside from lower entry price is ease of access to the freeway.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-marulan-124619654" target="_blank">13 Loseby Avenue</a>, Marulan (above) has been listed with a price guide of $425,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-marulan-124805382" target="_blank">30 Eliza Power Drive</a>, Marulan (below) has been listed for $499,000.
<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/2017/03/09/30%20Eliza%20Power%20Drive.jpg" alt="">
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