<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Leichhardt

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Atelier, a bespoke development billed as one of Leichhardt's most exclusive new addresses, is taking registrations of interests.
The development, marketed by Savills on behalf of construction company <a href="https://www.ceerose.com.au/projects/atelier/" target="_blank">Ceerose</a>, will pay homage to the existing heritage at the Jarrett Street site.
Atelier will retain the façade of Gina's Bakery, with the shed and chimney reinstated.
Behind the facade it will feature <a href="https://atelierresidences.com.au" target="_blank">36 new signature residences</a> across two seperate five and six storey buildings, connected by a common landscaped courtyard.
<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/2017/09/26/TPAA5651_E02_Jarrett_St_1.jpg" alt="">
Ceerose managing director Edward Doueihi said the site always had potential.
“When we purchased the site, we knew it had the potential to be crafted into something distinctive for Leichhardt’s neighbourhood," he said.
"Renowned firm, Giles Tribe Architects has designed an exclusive development that many generations will be proud to call home.
"Their ability to combine heritage elements with contemporary design, has created an exemplary piece of architecture that will become a legacy for the Leichhardt area.”
Danny Yeung, director at Giles Tribe Architects, said a zinc and terracade facade against traditional brick render, gives an innovative, distinctive and rhythmic appearance to Atelier, and compliments the industrial heritage of the area.
The residences have city views from the living and external balcony areas, with the majority north facing to maximise natural sunlight.
The open courtyard draws additional light into the homes. Both buildings also share a common rooftop terrace.
The apartments will feature polished concrete floors in the living and dining areas, complemented by timber finishes in the kitchen.
<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/2017/09/26/TPAA5651_IN04_Jarrett_St_Living%20View_1.jpg" alt="">
The project has 12 one bedroom apartments, 7 two bedrooms, 12 two bedrooms plus study, 4 three bedrooms and one three bedroom plus study apartment.
Prices start at $760,000 for a one bed plus study (51 – 66 sqm), two beds start at $1.129 million (75 – 92.2 sqm), 2 beds plus study are priced from $1.125 million (82 – 92.2 sqm), 3 beds start at $1.985 million (111 – 148 sqm) and the three bed plus study is priced at $2.599 million (154 sqm).
Completion is expected in 2019.
Ged Rockcliff, head of residential for Savills Australia, said Ceerose is known for developing quality projects.
"Atelier will continue to grow the company’s excellent reputation for developing desirable places to live," Rockcliff said.
"The heritage aspect, close proximity to Norton Street and the city as well as superior craftmanship will ensure strong buyer interest.
"Downsizers as well as second and third home purchasers are expected to buy a beautiful residence in one of Leichardt’s most desirable new addresses - Atelier.”
Atelier is a short 100 metres walk to Norton Street with its many cafes and restaurants, and the bus stops on Parramatta Road and Norton Street are within a 50 to 100 metre walk.
Several schools and universities including Sydney University and the University of Technology are within a three to four kilometre radius from Atelier as well as the White Bay Power Station area, which is about to undergo a major multi-million dollar transformation.
The NSW state budget has set aside $123 million to create new village-style urban plazas, express bus lanes and cycleways along the length Parramatta Road (20 kilometres). Eight rejuvenated centres are planned along the corridor to complement existing suburbs, including Leichhardt.
For more information on Atelier, <a href="https://www.ceerose.com.au/projects/atelier/" target="_blank">click here</a>. 
 
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Atelier, Leichhardt's most exclusive new address, taking registrations

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Sydney’s Inner West suburb of Leichhardt boasts a tight residential vacancy rate of 1.6 percent compared to 2 percent across Greater Sydney, driven by the high demand and lack of new supply, according to Savills.
The area is close to the CBD, has good transport links, good schools and plenty of parks and amenities. 
Historically, there has been little development activity across the suburb. Over the past 15 years, the number of residential dwellings in Leichhardt has increased by just four percent, according to Savills. 
However, recent rezoning and the ‘Parramatta Road Corridor Urban Transformation Strategy’ means all that is about to change. 
Residential building approvals have increased by 120 percent over the two years to the 2015-16 financial year. 
Interestingly, just five percent of these are detached houses, while the majority are townhouses and low rise apartment blocks.
The suburb has seen a 115 percent increase in residential property prices over the past decade, according to Sophie Chick, head of Residential Research at Savills and author of the Spotlight Residential Property Report on Leichhardt.
“The median value of a residential property in Leichhardt in July 2017 was $1,567,000 and $986,000 for a house and apartment respectively,” said Chick.
“Houses are a similar price to the neighbouring suburbs of Petersham and Lewisham to the south, around 10 percent cheaper than Stanmore, Annandale and Lilyfield and one third cheaper than Haberfield to the west.”
She said this was  partly due to the larger blocks of land available in the surrounding suburbs. By contrast, apartments in Leichhardt are a similar price to Lilyfield and more expensive than all other neighbouring suburbs.
The neighbourhood has a strong sense of community which stems from its rich Italian heritage. Following the Second World War, Leichhardt became a centre for the Italian community in Sydney. 
Many businesses in the area are Italian owned. Although it has become less distinctively Italian with the increasing gentrification of the suburb and movement of families to suburbs with larger blocks of land, its Italian character still persists.
Leichhardt offers a mixture of property types and attracts a wide range of households. 
Families with children account for 39 percent of households, slightly below the average across Greater Sydney of 47 percent. By contrast, there is a slightly higher proportion of couples without children and lone persons in the suburb compared to the city average accounting for 47 percent of households.
Employment opportunities and proximity to employment hubs are a key reason people are drawn to live an area. Leichhardt’s connections to the Sydney CBD means that a high proportion of residents in the suburb work in high value industries such as the Professional, Scientific and Tech sector and the Information Media and Telecommunications sector.
Chick went on to say that 50,000 new jobs are forecast along Parramatta Road over the next 30 years, which will only see Leichhardt’s popularity rise.
Parramatta Road has been one of Sydney’s major transport corridors since it opened in 1811, connecting the Sydney and Parramatta CBDs. 
In November 2016, the government released its new 30-year ‘Parramatta Road Corridor Urban Transformation Strategy’. The move is expected to drive new development to accommodate a diverse mix of commercial uses, employment zones and homes for 430,000 people. 
There is a target of 27,000 new residential dwellings and 50,000 new jobs along the corridor between Homebush and Camperdown.
Leichhardt is one of the eight strategic growth centres identified within the corridor, which will become the focus of future investment.
Chick said it is important to assess the outlook for Leichhardt in the context of the Sydney property market.
“Property prices in Sydney have increased substantially over the past 10 years in common with many other cities around the world. The market has benefited from strong economic conditions, low interest rates and an imbalance between demand and supply. More recently, while Sydney’s property market continues to see some of the strongest growth in Australia, the rate of growth has slowed.
“The affordability of residential property is one of the biggest challenges facing the city and will limit the demand from both first home buyers and home movers. Additionally, following the regulatory measures introduced to temper lending to investors, it is widely believed that the proportion of bank lending to investors could reduce. Demand from foreign investors is also likely to be tempered following the introduction of additional stamp duty charges”.
Overall, it is expected that the rate of price growth across Sydney will slow, with prices remaining on a ‘high plateau’ perhaps for some time. However, as Sydney’s population continues to increase, interest rates are low and infrastructure projects complete the long-term prospect for the residential markets remain sound.
In Leichhardt, the attributes that attract buyers, including the proximity the Sydney CBD, good transport links and high quality amenities, will continue to appeal, regardless of market conditions.
 
 
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jonathanchancellor-7SQnKwU6yx

Sydney's Leichhardt has low vacancy rate and good growth prospects: Savills

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A 7,149 square metre site in Leichhardt, in Sydney’s Inner West, with approval for 139 units is for sale.
The residential development site at 141 Allen St, Leichhardt is listed through Colliers International agent Guillaume Volz. Offers close March 15.
The site received development consent in October last year for a staged development application comprising construction of six residential flat buildings between four and six storeys above basement level comprising 139 units. 
<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/2017/02/03/Feb3Leichhardt2.jpg" alt="">
“Whilst the market and government have responded to Sydney’s undersupply in mass development areas, such as Olympic Park and the Parramatta Road corridor, core suburbs such as Leichhardt continue to be ignored, despite the inherent attraction and desire from  buyers for apartments in these neighbourhoods,” said Volz.
“Our research indicates that Leichhardt is historically one of Sydney most undersupplied suburbs, with only 22 apartments completions in projects comprising 10 or more dwellings, from 2009 – 2014. 
“Recent rezoning of industrial sites has seen a moderate raise in supply, and since 2014 a further 470 apartments have been built or are under construction.
"There are only another 154 apartments with development approval, 139 of which are located in the subject development.”
The vendor’s representative, Irving Washington, said the property had grown in value due to the DA process and given the group’s interest elsewhere, the owners have now decided to sell.
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