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.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

House And Land

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New home buyers are paying more for less with lot sizes falling and median prices rising around the country, a report from the Urban Development Institute of Australia (UDIA) has revealed.
The median size for a new lot nationally fell by 3.6% over 2014 while the average price for a new lot in Australia’s five largest capitals rose by 4.2%, according to the latest UDIA State of the Land Report.
The seventh annual edition of the report noted an ongoing trend of falling lot sizes over recent years. It put the declines down to limited land supply, the high cost of land and affordability constraints felt by new home buyers.
At 474 square metres, the median size of a new lot is now 11.4% smaller than in 2009.
Prices for land in the five biggest cities are up by 22.5% since 2009 with the median price for a new lot now at $246,300.
Nationally, new home buyers paid an average of $527 per square metre in 2014, up 9.5% from the previous year, and up 40% since 2009.
The research, conducted in partnership with Charter Keck Cramer and Research4 using data from the National Land Survey Program, also showed a marked increase in the number of new lots released in 2014 compared with the previous year.
Melbourne saw a 60% increase in lot releases, the largest rise of the capital cities, with 4791 more new lots offered in 2014 than in 2013.
The number of new lots released in South East Queensland rose by 55% compared with 2013.
The strong lift in supply in both Melbourne and South East Queensland constrained price rises in the areas, despite strong buyer demand, the report showed.
In Sydney, prices continued to rise despite a 29% increase in the number of new lots released. The UDIA noted that new supply had consistently been unable to keep up with in demand in the city.
As demand outstripped supply, lot prices in Sydney rose by 5% in 2014. Prices have risen by 15% since 2012.
Lot sizes in Sydney have also shrunk the most. The average lot in Sydney was 450 square metres in 2014, down by 11.6% compared with the year before when the average lot was 509 square metres.
In line with rising prices and falling lot sizes, land prices per square metre in Sydney increased by the largest margin of the capital cities. Price per square metre rose by 18.7% from $636 to $755.
New lot prices in Perth rose by 9.4% spurred by demand. The report noted population growth in Perth continued to be the strongest of the states despite having slowed as mining investment recedes.
Prices were flat in Adelaide where the market remains depressed. 
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New home buyers paying more for less: UDIA

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Developers Victoria Investments &amp; Properties (VIP) and Mirvac adopted a ballot system to sell off the first stage of their housing estate in Melbourne's western growth corridor this weekend.
VIP and Mirvac enlisted television personality Livinia Nixon to host the event on Saturday, where registered buyers had the opportunity to select one of 70 plots at <a href="https://woodlea.com.au/" target="_blank">Woodlea</a>. Each registrant had placed a $1,000 deposit to enter the draw.
There were 185 buyers registered on the day for a chance to select a lot, which were priced from $183,500 for 500 square metres. All 70 lots have now sold.
Upon completion, the $2 billion masterplanned community located 29 kilometres from the Melbourne CBD will span 711 hectares. Saturday's event at Galli Windery was the first stage of the development's land releases.
In total, the community is expected to hold 7,100 residential lots when completed, with two pre-schools, two primary schools and a secondary school.
There are also plans for childcare facilities, a public library and a town centre. The development, located in the City of Melton, is expected to house 20,000 residents. The planned development is located between Melton to the west and Caroline Springs to the east, and will make use of the Rockbank railway station, the Western Highway, the Deerpark Bypass and the Melton Freeway.
VIP's chairman, K.T. Lim, acquired the Woodlea site 15 years ago. Prior to Woodlea, VIP has largely worked on industrial and office projects, including various commercial redevelopments in the Melbourne CBD.
Photo: Supplied.
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jrichardson-uRX5hFdKfN

Woodlea sells out first stage of lots with ballot system

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The Satterley Property Group has tripled its market share in Melbourne’s land market.
It is on track to sell 850 lots in the 2015 financial year.
Satterley, who launched three major land developments in Melbourne’s west and south-east last October, now command 8% of Melbourne’s total land sales.
They are closing in on their goal of attaining 10% of the Victorian land market, the expansion plans <a href="/news/vic/satterley-property-group-looking-to-nearly-triple-land-sales-with-two-new-estates">outlined in a earlier Property Observer article</a>.
The group is Australia’s largest privately owned developer headed in Victoria by general manager, Jack Hoffmann (pictured below) who said successful launches of<a href="https://satterley.com.au/point-cook/" target="_blank"> Upper Point Cook</a> (Point Cook, pictured above) and Habitat on Davis Creek (Tarneit) had underpinned the strong performance.
"Two-thirds of our buyers at Upper Point Cook are upgraders that live in neighbouring areas, with the remainder of buyers largely consisting of investors and first homebuyers.
<div>
“The big selling point for local residents is you’re buying into a quality development, with a range of housing options and there’s the added bonus of access to the Princes Freeway via the future diamond interchange at Sneydes Road,” he said.
</div>
Satterley's expansion includes the recent acquisition of an 1800-lot community on 127 hectares in Officer. 
<img src="/images/2015/03/19/sat%20mar%2019%20one.jpg" alt="">
Photo: Supplied. 
“Across Melbourne all of our developments are performing well,” said Hoffman.
“Upper Point Cook which consists of 2,000-lots is currently the second fastest selling development in Melbourne with our first neighbourhood at Upper Point Cook close to selling out six months ahead of schedule.”
Its launch of the second neighbourhood at Upper Point Cook will be 230 lots, in the Point Cook precinct which leads Melbourne as the most popular suburb for newly released land. 
“Each stage release at Upper Point Cook has had ‘campouts’ of prospective buyers wanting to ensure they don’t miss out on their chance and at the project’s launch we had up to 30 buyers camping overnight to ensure they didn’t miss out on the first land released,” he said.
Satterley’s Melbourne portfolio kick off with an urban infill project at the old Kodak factory site in Coburg North in 2011. 
The project is nearing completion, with around 80 townhouses remaining.
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jchancellor-FAypfDUnLy

No photo finish required as Satterley secures its expanded Victorian land offerings

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The six ocean view Shearwater Landing beachfront lots offered in Sydney's newest suburb, Greenhills Beach were snapped up at Savills International auction today.
All six lots sold in excess of the reserve prices at the Sunday 15 March auction. 
The first was lot 401, a 787 square metre lot with a 17.5 metre frontage that sold at $2,575,000.  
Lot 208, the second of the day, a 787 square metre lot, sold for $2,651,000.   
Lot 207 – Sold $2,550 million
Lot 206 – Sold $2,415 million
Lot 205 – Sold $2,275 million
Lot 204 – Sold $2,200 million
<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/2015/03/16/sherarwater%20ar%2016%20one.jpg" alt="">
Source: Supplied
One of the successful local bidders mentioned that they had been watching the Breen Property land development for many years and this had been a dream come true for them.
Tom Breen, the executive chairman of Breen Property, said the offering was the culmination of decades of planning, obtaining government approvals for their former sand mine. 
"They are the first truly beachside precincts to be created in the last three decades in the Sydney metropolitan area." 
<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/2015/03/13/home-01.jpg" alt="">
The purchasers are young vibrant families, Nigel Napoli, director of the selling agency, Savills Residential Projects, said.
The second part of Stage 1 which will be 44 lots to be sold via expressions of interest on 28 March.
These lots will range in size from 560 square metre to 1,109 square metre.
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Beach building blocks at $2.2 million plus - sellout at Shearwater Landing, Greenhills Beach auction

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Sydney’s median residential land price increased by 19.7 percent over 2014 to $390,000, he most expensive of all the state capitals, according to data from the Domain Group. 
The $390,000 December quarter median land price was well ahead of Melbourne at $245,000 and Brisbane $237,950.
With Sydney residential land prices now rising faster than booming house prices, the task for first home buyers is becoming increasingly difficult, said Andrew Wilson, senior economist at the Domain Group.
“Sydney’s annual land prices increased at the fastest rate in over a decade and recorded stronger growth than the booming house prices which increased by 14% over the same period.”
Sydney’s outer suburban residential land market recorded strong growth over 2014.  Prices in the south-west increased by 25% to a median of $350,000 while prices in the west rose by 8.3% to a median of $410,500. 
The median residential land size sold in the west over the six months ending December was 564 square metres  at $759 per square metre.  In the south-west, the median land size sold was 500 square metres at $652 per square metre.
The most popular outer west suburbs for land sales over the six months ending December 2014 were Riverstone, Colebee, Pitt Town, Kellyville and Glenmore Park. 
The most popular outer south west suburbs for land sales were Harrington Park, Campbelltown, Moorebank, Appin and Edmondson Park.
Kellyville recorded the highest median land price over the second half of 2014 at $643,000 with a median land size of 701 square metres at $912 per square metre. Land prices in Kellyville increased strongly by 38.2% over 2014.
Kellyville land estate prices on realestate.com.au regularly exceeded the APM advisory such as <a href="https://www.realestate.com.au/property-residential+land-nsw-kellyville-200988363" target="_blank">Chelsea on the Park</a> where prices started at $730,000 for 700 square metre blocks, and were priced up to $860,000.
There were prices advertised last year as $400,000 plus on <a href="https://www.realestate.com.au/property-residential+land-nsw-kellyville-201014799" target="_blank">Hillview Ridge Estate</a>, ranging from 667 square metres to 826 square metres.
The blocks priced from $465,000 at the <a href="https://www.realestate.com.au/property-other-nsw-kellyville-119089259" target="_blank">Ashmore Park</a> estate are 363 square metre to 847 square metre in size. 
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Kellyville leads Sydney in fastest residential building block price escalation in over a decade: APM

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Property developer Stockland is set to construct two new residential towns on the Melbourne metropolitan fringe.
Stockland will commence construction in the next few months on its $4.6 billion Cloverton residential development 35 kilometres north of Melbourne, creating 11,000 new homes.
Previously known as the Lockerbie sheep station, the 30 year project has been described as the largest masterplanned residential community development it has ever undertaken in Victoria.
It is on 1,141 hectares at Kalkallo in Melbourne’s northern growth corridor, on the eastern side of the Hume Highway. The site encompasses parts of the Hume, Whittlesea and Mitchell LGAs.
More than 30,000 residents are expected to take up residence in Cloverton. The first land sales will occur shortly with settlements scheduled in the 2016 financial year.
Andrew Whitson, the CEO residential at Stockland, said the project was aligned with the economic opportunities that existed in Victoria, given the state’s 21.4% contribution to national GDP and 24.8% share of the national population.
Whitson hopes Stockland can replicate and expand on the success achieved at the multi-award-winning <a href="/expert-insights/building/stockland-s-highlands-residential-community-in-craigieburn-to-be-blueprint-for-all-future-projects">Highlands residential community at Craigieburn</a> where public-private partnerships facilitated the construction of a regional hospital, childcare facilities, new public and private schools, and a regional tertiary institution, the Hume Global Learning Centre.
Craigieburn's Highgate Reserve features an MCG-sized football oval and hosts regular VFL games. The Richmond Football Club have also used the ground as a second training facility.
The Lockerbie Sheep Station was purchased by Stockland for around $300 million, Australia’s largest ever individual land transaction when announced in 2010. The Burgess family had previously been in exclusive negotiations with developer, Delfin Lend Lease, for development rights, but the deal did not get to requisite signatures.
The furniture making Burgess family had bought the bulk of the property in 1979, paying about $920,000, with the property sold by the daughters.
Stockland has also acquired 65 hectares of residential zoned land at Clyde North in Casey, in the south-east of Melbourne.
The group said it will create a new masterplanned community at the site over a six-year period, with around 800 new homes, at a $128 million development cost.
Stockland said construction on the project in the Clyde Creek Precinct Structure Plan area will begin in 2017, with the first settlements in the 2019 financial year.
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Stockland plans house and land city north of Melbourne

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The Gold Coast’s Palm Beach Heights Estate has been named the Best Small Residential Subdivision in Queensland in the Urban Development Institute of Australia's (UDIA) 2014 Awards.
The boutique estate, set to be home to 150 families, has seen 80% of purchases come from locals, according to market agent Shaun Darcy, Ray White Robina.
“We’ve sold 83 blocks and have about five to go. We saw enormous interest from local residents and 80% of sales have been taken up local families. They did not want to change their postcode they just wanted a new home in a new estate surrounded by like-minded residents,” he said.
In total, including the 80% of local buyers, a total of 85% will be owner occupiers. The development sold at five blocks per month, hitting the market in late 2013.
The Beacon Builders development is just two kilometres from the beaches. Single blocks are priced from $300,000 to $360,000. Duplex blocks cost from $400,000 to $450,000. Townhouse sites are sold for $600,000.
“Schools, shops and restaurants are all within easy reach. This is actually really unusual - it’s known as an infill subdivision - as most new residential subdivisions are short on key infrastructure as they are developed in the outer regions of the city,” Darcy said.
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Boutique Gold Coast estate takes out UDIA residential subdivision award

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New South Wales’s fastest selling Masterplanned project, The Ponds, in Sydney’s north-west has now sold out with the last land plot purchased.
The UrbanGrowth NSW and Australand project is a $2 billion community with more than 4,200 home sites – all sold within seven years.
Development director for The Ponds, Jey Mahendra, said that in early 2003 they set a vision for the area that included 80 hectares of bushland and waterways and six kilometres of bicycle and walk ways.
“Eleven years later this vision has been achieved. It is estimated over 12,400 residents will call The Ponds home when the last remaining homes are built in 2015,” said Mahendra.
“A combination of strong leadership, clear project vision, a dedicated team with shared values, community input, combined with cooperative relationships with council, project partners and state government agencies were invaluable in the success of this project,” he said.
The homes will include detached and attached homes, terraces houses and courtyard homes.
Major infrastructure projects and housing saw an investment of over one billion dollars, with general manager, residential NSW for Australand, Nigel Edgar, noting that they had initially expected to finishing selling land and homes in the area in 2016.
“Twelve high profile industry accolades have been awarded including the coveted Urban Development Institute of Australia (UDIA) President’s Award for 2012 for the best project of the year in residential, commercial and retail development,” he said.
They have also received sustainability awards from the UDIA, Housing Industry of Australia and PIA.
“A broad range of purchasers have appreciated the lifestyle that has been created at The Ponds. There is nothing else like it in the North West of Sydney. Buyers who purchased in the early stages of the project have been our best sales force. The consultants involved with this project should be very proud of this thriving and functional community.”
The Ponds falls under the Blacktown City Council area.
Next year will see the completion of Peel Reserve Park, which will add to the outside amenitiess that include BBQ areas, playgrounds and sports facilities. In 2015 two schools, John Palmer Public School and a special school, will be complete, as will the second of two community hubs.
Also yet to open next year will be a retail and shopping centre amenity.
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“Most successful masterplanned project in NSW history” sells out: The Ponds

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Stockland has launched a $640 million masterplanned community in the Wyndham growth corridor, 30 kilometres west of Melbourne.
The Grove at Tarneit sold all 55 of the available blocks on the first day of the release.
The blocks ranged in size from 333 square metres to 554 square metres and were priced from $158,200 to $225,500. 
The weekend success will be the first of 2,500 new homes in Tarneit.
The first residents in the 234-hectare community are expected in the second half of 2016. 
The Grove will offer completed homes, house and land packages along with medium density housing.
There will be 54 hectares of parkland on a site bordered by the Werribee River and Davis Creek.
Residents will have easy access to the city via the Werribee train line and the new Regional Rail Link, which is due to open in April next year.
The announcement came a day after Stockland revealed its best residential sales quarter in four years.
Its results were buoyed by improved profits from its residential business which achieved a 12.5% increase in lot sales and ended the year with a record number of contracts in hand. 
The new community at The Grove will include a 3.8-hectare town centre with a neighbourhood shopping centre.
Stockland will build a retirement village and will set aside land for new primary and secondary schools.
The Wyndham Local Government Area is one of the fastest growing corridors in Australia. In the year to June 2013, the population of the Wyndham corridor increased by around 10,800 people, representing a 6% growth rate.
Stockland general manager residential for Victoria, Mike Davis, said Stockland was well known to most people in the area because of the Allura residential community at Truganina, Point Cook Town Centre and Tarneit Skies Retirement Village.
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Tarneit's The Grove secures strong land sales for Stockland

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Bloomdale at Diggers Rest is the long-term project of development company Investa Land, with 3,500 lots in total to be built.
Given that as of the 2011 Census the population of Diggers Rest was at 2,275, it’s clear that this will be the development that puts the area on the map.
The project is <a href="/news/vic/big-plans-for-diggers-rest">a 15-year plan for the area, a slow and steady house and land sales effort </a>that won’t change the suburb overnight.
Currently, almost all the properties on listings websites are for new builds, house and land, or land on its own. The established properties on the market tend to be larger, or acreage blocks.
<a href="https://www.bloomdale.com.au/" target="_blank">Bloomdale</a> properties are priced from $161,900 for land and house and land from $322,000, with blocks spanning 336 square metres to 626 square metres.
It quickly emerges that Investa isn’t the only development group trying their hand in the area, although it seems they are by far the largest.
<a href="https://stivesestate.com.au/" target="_blank">St Ives</a>, a development from Core Projects, has recently been launched. Stage one includes 420 square metre lots to 676 square metres from $200,000 at 1468 Old Calder Highway. Their 300 lots have a completion expectation of December 2018.
Property Observer went to Bloomdale to speak to Paul O’Brien, general manager at Investa Land about the development and what can be expected for the future on the often-forgotten north western side of Melbourne.
{qtube vid:=u5itbp9a81I}
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