<a href="https://www.apartments.com.au/developers/lendlease-development">Lendlease</a> has teamed up again with Mitsubishi Estate Asia (MEA),and Nippon Steel Kowa Real Estate (NSKRE) to deliver a luxury residential development at their recently acquired Liverpool Street site on Hyde Park.

The acquisition of the site at 175 Liverpool Street, which is subject to conditions precedent, is intended to be developed as two luxury residential towers with up to 300 apartments for sale and 2,000 square metres of retail and commercial space, subject to planning consents. It will have a development end value of more than $2.5 billion.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="64046de8-dce1-4e7f-9505-06ef4437364c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2006-min.jpg?VersionId=bfsiXEXMClymct.ZHzXSSnoizQ2WZZhZ" />

Under the terms of the agreement, MEA will take a ~33 per cent equity share in the joint venture, and NKSRE a ~17 per cent share.&nbsp;

Centrally located in Sydney’s CBD at the southern end of Hyde Park, residences at 175 Liverpool Street will offer north-facing expansive views across 16 hectares of green space through to the Opera House and Sydney Harbour.

<img alt="175 Liverpool Street, Sydney" data-entity-type="file" data-entity-uuid="5a4def90-5fea-4431-84b0-996d3418a601" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bates%20Smart_175%20Liverpool%20Street%2005-min.jpg?VersionId=ccv3yi6X88348qBlzcJByWJXZegu.ngf" />

The project builds on Lendlease’s strong success in Sydney’s luxury residential market and marks the seventh partnership between Lendlease and MEA; previous and current projects include One Sydney Harbour, One Circular Quay and One Darling Point in Sydney, and East Tower residences at Melbourne Quarter.

It also marks the second venture between Lendlease and NSKRE, with build-to rent development 899 Collins at Victoria Harbour in Melbourne currently in delivery.

Construction of 175 Liverpool Street is targeted to commence in 2027.

Tom Mackellar, CEO Development, Lendlease,&nbsp;said the&nbsp;acquisition of 175 Liverpool Street "builds on our success in Sydney’s luxury residential market, as we continue to add to our development pipeline in Australia.”

“We look forward to working alongside our trusted development partners, Mitsubishi Estate Asia and Nippon Steel Kowa Real Estate, on this landmark development in one of Sydney’s most sought-after locations.”

Joel Robinson

Lendlease announces partners for its $2.5 billion luxury development on Hyde Park

Brisbane developer Zen Group has received development approval for its dual-tower apartment project in West End.

The approved plans for&nbsp;<a href="https://www.apartments.com.au/new-apartments/24-duncan-street-west-end-qld-4101">24 Duncan Street</a>&nbsp;are for&nbsp;two 17-storey towers comprising 202 apartments, ranging from one-bedroom plus study configurations through to three-bedrooms.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/bettspartners">Betts + Partners</a>, the development is grounded in a climate-responsive and contextually sensitive approach, aiming to reinforce the emerging identity of the West End Riverside South precinct.

<img alt="West End set for climate-responsive apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Duncan%20Street.png?VersionId=.A9VkekWac99LJ7L8mqewo7AAsg4Vwb_" />

“The contextual design strategy is to celebrate the qualities found within the established <a href="https://www.apartments.com.au/developments/west-end-qld-4101">West End</a> suburban character,” Betts + Partners noted in the Architectural Design Report, “providing elevated high-quality subtropical apartment living with exceptional communal recreational amenity.”

The project includes a 2,600 sqm rooftop offering a comprehensive suite of resident amenities: three pools, a fitness centre, cinema room, private dining rooms, lounges, a library, and wellness facilities including hot and cold plunge pools, pilates, a sauna and a contemplative garden.

On the ground plane, active retail frontages along Duncan and Rogers Streets will sleeve ground-floor services and visitor parking. The two-level podium integrates green walls, planters, and textured façades, contributing vertical greenery and softening the street interface.

<img alt="West End set for climate-responsive apartments" 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/Duncan%20Street%20rooftop.png?VersionId=MzXW0hkOghQmE0HLxzI5iUwNNY6OfrVa" />

Apartments are oriented for privacy and outlook, with operable glazing and brise soleil elements supporting passive climate control. Balconies and structural articulation are designed to optimise light, airflow and private open space. “Each quality is reinterpreted in the sectional and plan parti and manifest in the three-dimensional building expression,” the architects said.

Located within a three-minute walk of the Brisbane River and in close proximity to local amenities including ALDI and Davies Park, the project reflects West End’s growing appeal to owner-occupiers seeking proximity to lifestyle amenity and urban vibrancy.

The development also aligns with Brisbane City Council’s broader planning vision to become a “New World City” by 2031, promoting a globally recognisable subtropical lifestyle through contextually responsive design.

[smartcode_project_cta:default project_id=146254]

200 "climate-responsive" apartments set for West End as Zen Group given green light

The ever-growing Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has commenced construction on its third project this year.

The new $640 million development, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-8-alexander-street-crows-nest">Falcon &amp; Alexander</a>&nbsp;in Crows Nest, is Deicorp's&nbsp;first foray into Sydney’s Lower North Shore and will deliver 188 apartments in a new landmark building, with 48 dedicated to Affordable Housing.

Since December, <a href="https://www.apartments.com.au/builders/deicorp-construction">Deicorp</a> has commenced construction on four projects in total that will deliver over 2,000 homes, maintaining their track record of quickly converting development approvals into commencements.&nbsp;

<img alt="Falcon &amp; Alexander" data-entity-type="file" data-entity-uuid="f17b79a0-db7b-48bc-835f-e9b3e3117561" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.13%E2%80%AFPM.png?VersionId=.UKl.uSBs9zOeElc6jNUeuBB8EMAD5HP" />

&nbsp;

Located a five-minute walk from the new Crows Nest Metro station, prominently positioned at The Five Ways on Pacific Highway, Falcon &amp; Alexander will deliver an exclusive collection of architecturally designed one, two and three-bedroom apartments, with prices starting from $1.3 million.

Conceived by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, Falcon &amp; Alexander will create a vibrant vertical village in the heart of one of Sydney’s most connected neighbourhoods. Thoughtfully arranged around a central atrium and lush communal gardens, residences will enjoy panoramic views over Sydney Harbour and the Lower North Shore, with interiors designed for modern, light-filled living.

Residents will benefit from premium amenities, including a resident-only skygarden, and boutique retail and dining spaces on the ground floor, all integrated with the local urban fabric.

&nbsp;

With the Crows Nest Metro station just steps from home, residents will enjoy unrivalled connectivity across Sydney’s transport network, placing everything from world-class dining to premier education and healthcare within easy reach.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="292460e8-2bc9-47c5-8805-cf59570972a2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-28%20at%203.55.22%E2%80%AFPM.png?VersionId=UUerYKJzOGzpXyDv1nMlrV_oi6lUyiMS" />

Deicorp Founder Fouad Deiri said Falcon &amp; Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore.&nbsp;

“This is a community we deeply respect, and we’re proud to contribute with a project that reflects the character, energy, and potential of Crows Nest,"&nbsp;Deiri said.

“This is an iconic location, and a great location deserves a great design. With Falcon &amp; Alexander, we’re delivering more than just apartments; it will be a new landmark for Crows Next that not only delivers housing but will benefit the community with an activated retail offering."

[smartcode_project_cta:default project_id=135323]

Deicorp Founder Fouad Deiri said Falcon & Alexander marks an exciting new chapter for Deicorp as it expands into Sydney’s Lower North Shore

Deicorp breaks ground at Falcon & Alexander, Crows Nest apartments

One of the primary characteristics of a university campus is its location in high-amenity, well-connected suburbs, as it caters to the thousands of students who walk through its doors every day.

It’s this enviable central location that makes Hamton’s newest neighbourhood so appealing to discerning buyers. The 1.6-hectare site was formerly home to a University of Melbourne campus.

This relocation paved the way for <a href="https://www.apartments.com.au/developers/hamton">Hamton</a>, best known for their $3 billion joint venture development Moonee Valley Park, a vibrant new residential community emerging around the Moonee Valley Racecourse.

[smartcode_project:default project_id=149097 project_image_fid=327680]

<a href="https://www.apartments.com.au/new-apartments/scotch-hill-gardens-hawthorn-147-robinson-road-hawthorn-vic-3122">Scotch Hill Gardens</a> benefits from excellent transport connections and local amenities, further enhanced by the revitalisation of Bills Street delivered as part of the development. Thanks to its history as a university campus, the site is within five minutes of Glenferrie and Auburn Villages and 10 minutes to Kooyong Station.

In addition, the site lies within the prestigious Scotch Hill catchment, which includes highly sought-after educational institutions such as Scotch College, Bialik, and Auburn Primary and Auburn High. This makes it an attractive location for both young families and working professionals.

Understanding that the location would appeal to owner-occupiers, particularly rightsizers and downsizers, Hamton focused on creating a collection of residences tailored to this demographic. The design prioritised community over density, with a series of low-rise buildings nestled within nature.

[smartcode_project:default project_id=149097 project_image_fid=327652]

The development retains 77 established trees on the site and will add a further 151, creating a unique topography visible from the upper levels of the building. A collaboration between placemaking specialists Woods Bagot and landscape architect Tract, the design dedicates over 40 percent of the 1.6-hectare site to landscaped green open space, seamlessly woven between the low-rise buildings.

Landscaping subtly defines boundaries between public and private zones, ensuring a harmonious blend of spaces.

[smartcode_project:default project_id=149097 project_image_fid=327686]

Inspired by nature, the masterplan reflects the organic formations of lily pads on a pond, discreet yet interconnected, sitting lightly within their context. Following the principles of “nature-based cities,” the site integrates nature, amenity, wellness, and community.

This commitment to nature complements the already well-established landscape nearby. Adjacent to Gardiners Creek, the site offers both recreational and ecological benefits, while the Yarra River trails, Patterson Reserve, and Hawthorn Velodrome, further enhance the area’s outdoor amenities.

[smartcode_project:default project_id=149097 project_image_fid=327694]

Residents will have access to a range of facilities, including a bathhouse with wellness amenities, a gym, co-working spaces, and communal dining and lounge areas.

Hamton will announce a builder in the coming months. Demolition of the old Campus is underway with construction on the first stage, anticipated to commence early 2026.&nbsp;

[smartcode_project_cta:default project_id=149097]

Scotch Hill Gardens, a new life for the former University of Melbourne Hawthorn Campus

Brisbane-based developer Red &amp; Co. is venturing into the Gold Coast apartment market, spending $8 million on a vacant site in Varsity Lake.

The plan is to developer 156 apartments on the 2,857sqm, 22 Lake Street site, near Varsity Central Park.

Colliers Queensland Residential Development Sites Director Troy Linnane said Colliers had been &nbsp;working closely with Red &amp; Co. to help them secure their first Gold Coast site, with this site offering a great opportunity due to its location and existing approval.&nbsp;

“This off-market transaction highlights the value of strong market knowledge and relationships, we were able to align the right buyer with the right site given the relationships we have with many active &nbsp;developers seeking sites across the SEQ market,” Linnane said.&nbsp;

“Those groups with in-house construction capability or strong builder alliances are leading market activity as they are best positioned to deliver projects in the current market."

Linnane said with&nbsp;confidence strengthening in 2025, they are seeing increased competition for prime development sites.

“Developers are actively seeking well-located sites, to take advantage of the under supply of &nbsp;apartment stock and the significant uplift in revenues due to strong buyer demand."

<img alt="22 Lake St" data-entity-type="file" data-entity-uuid="fcd9176e-4e38-4519-a868-0748419c1d2b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22_Lake_Street_001.jpg?VersionId=Z7tUSkVLqv8qf.JTyMXmzasxvudP_u2p" />

Colliers Queensland Residential Site Sales Executive Jackson Robinson said the transaction reflected confidence in the market and increasing demand for well-located, DA-approved sites to develop into &nbsp;housing.&nbsp;

“Red &amp; Co. recognised the depth of unmet demand for well-priced apartment stock on the Gold &nbsp;Coast, particularly in sought-after suburbs like Varsity Lakes, which offers excellent connectivity, expansive views and close proximity to major employment and education hubs,” Robinson said.&nbsp;

There will be a mix of one-, two-, and three-bedroom apartments, with views over&nbsp;Lake Orr and out to Burleigh Headland and the Hinterland, with additional outlooks north towards the Broadbeach skyline.&nbsp;

Red &amp; Co., led by co-founders Keiran Foster and David Laverty, have previously completed several developments across Brisbane.

Red & Co.’s first acquisition on the Gold Coast demonstrates increasing  confidence in the Gold Coast market

Red & Co. plots new Varsity Lake apartments

Montagu Bay

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Montagu Bay is the fastest locality for houses over the past year, according to CoreLogic’s latest report.
The property data firm for units South Penrith and Wyoming sells the fastest.
Low interest rates coupled with higher levels of demand for housing has seen property sales in some areas take off faster than in others.
CoreLogic research analyst Cameron Kusher said that given mortgage rates have fallen over recent years, certain cities, namely Sydney and Melbourne, have seen heightened demand and a rapid rate of sale for properties.
(Note - today’s analysis only calculates where there were at least 10 observations of paired listings and subsequent sales over the year and is calculated on private sales excluding properties advertised for auction due to the selling time for an auction is often better described as a marketing period that typically lasts for around six weeks.
The figure is calculated by the difference from the date at which a property is first listed compared to its contract date).
Montagu Bay in Hobart now has the shortest median days on market for houses over the past year at 5 days.
For units, South Penrith and Wyoming in Sydney has the shortest median days on the market at 7 days.
The most obvious trend is that the majority of suburbs listed are within capital cities. This is generally the case across each state and territory.
The CoreLogic analysis highlights that housing market conditions are generally stronger in the capital cities than they are in regional areas.
Mr Kusher said, “In most instances, the suburbs that are not in capital cities are located in regions close to the capital city, highlighting how housing demand has rippled outwards from the capital cities as prices rise.”
Although Sydney and Melbourne have grabbed the headlines over recent years for their comparatively strong rates of capital growth, in other capital cities there are suburbs experiencing a very rapid rate of sale.
For example, Brisbane values have increased by less than 5% over the past year but each of the suburbs listed for houses have a median days on market figure of less than 20 days.
Mr Kusher said, “With mortgage rates and the number of properties available for sale remaining low we would anticipate that the current rapid rate of sale in Sydney, Melbourne, Hobart and Canberra will remain low, however there have been some early signs that stock levels are starting to rise which may lead to an easing in the perceived urgency to buy across some markets.
“Outside of these areas, suburbs in sought after locations with relatively low stock available for sale are also likely to see transactions occurring at a fairly rapid pace, especially if vendors ensure that they are setting realistic initial listing prices.”
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-nsw-wyoming-125219030" target="_blank">11/12-20 Kinarra Avenue</a>, Wyoming (above) was sold in April this year for $428,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-wyoming-123534226" target="_blank">63 Jarrah Drive</a>, Wyoming (below) was sold in March this year for $215,000.
<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/2017/06/08/63%20Jarrah%20Drive.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Where are Australia's fastest selling suburbs? CoreLogic

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<div>
Tasmania is home to the fastest-selling suburb in the country, according to figures from CoreLogic.
</div>
Houses in Montagu Bay on Hobart’s Eastern Shore take just five days on average to find a new owner.
Mount Stuart is knocking right on Montagu Bay’s door with its average of a mere six days.
The suburbs nationwide that came closest to the Usain Bolt-like pace of these Hobart suburbs were Victoria’s Tooradin (eight days) and Lapstone in New South Wales (nine days).
The only catch in Montagu Bay is the low number of houses available to buy. Just 13 sold in the 12 months to January 31, says RP Data.
This past week there were just two houses on the market in Montagu Bay.
Tasmania’s next fastest-selling suburbs throughout this period have been Moonah and Warrane (eight days) and North and South Hobart (nine days).
<a href="https://www.propertyobserver.com.au/images/2017/06/08/Screen%20Shot%202017-06-08%20at%2010.10.14%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/08/Screen%20Shot%202017-06-08%20at%2010.10.14%20am.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/06/08/Screen%20Shot%202017-06-08%20at%2010.10.37%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/08/Screen%20Shot%202017-06-08%20at%2010.10.37%20am.jpg" alt="">
For units, South Hobart was the fastest suburb with an average of 10 days on the market before being sold.
One example of taking a different route is Hobart agency Knight Frank.
With the Hobart market running hot, Knight Frank prestige property specialist Pam Corkhill said their approach was to post signs at open homes informing potential buyers that offers will not be presented to a homeowner that day, but rather in a couple of days’ time.
She said instead of selling a house as quickly as they could, the idea was to give people the opportunity to pause, consider their options, or even to get their finances together before proceeding.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-montagu+bay-125111334" target="_blank">2 Rosny Esplanade</a>, Montagu Bay (above) was recently sold in May this year for $455,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-montagu+bay-124643358" target="_blank">24 Loinah Crescent</a>, Montagu Bay (below) was recently sold in May this year for $510,000.
It was last sold in 2009 for $460,000 and the land was sold in 1992 for $138,000 with the property built in 1993.
<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/2017/05/29/24%20Loinah%20Crescent.jpg" alt="">
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Montagu Bay

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