<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

New Developments

<html><body>
<div class="default">
It was top-down success as apartments went on sale today at Crown Ashfield's $88 million resort-style development.
</div>
<div class="default"> </div>
<div class="default">Sold stickers in the early sales were very dominant among the pricier apartments on offer.</div>
<div class="default"> </div>
<div class="default"><img src="/images/2015/05/26/crown.jpg" alt=""></div>
<div class="default"> </div>
<div class="default">
Located nine kilometres from the Sydney CBD, six kilometres from the University of Sydney, 10 kilometres from the airport, 300 meters from Ashfield Mall and 750 metres from the railway station Ashfield, sales were underway at same-day launch events in Sydney, Indonesia and Singapore.
</div>
<div class="default"> </div>
<div class="default">Crown Group chief executive Iwan Sunito tweeted his delight at the early morning buyer queues as it represents an important milestone for Crown Group as its brand continues to gain momentum around the world.</div>
<div class="default">
<img src="/images/2015/04/22/Crown%20Ashfield%20Interior%20%20-%20Dark.jpg" alt="">  
Crown Group chief executive Iwan Sunito said Crown Ashfield will feature a forest interior concept along with the development’s internal atrium.
"The common areas will be bathed in natural light, lush greenery and first-class residents’ amenities," Sunito said.
The starting price mark was around $700,000 for a one bedroom apartment.
Crown Ashfield was designed by Surry Hills architects Turner featuring natural, organic elements throughout including an internal atrium, abundant natural light, a flowing sculpted water feature and lush greenery at 168 Liverpool Road.
The sold stickers were being quickly posted for the apartments in the modern nine-storey development comprising 79 boutique apartments, four exclusive retail spaces, resident and visitors’ car parking, grand lobby lounge, theatrette, piano room and rooftop communal facilities including a terrace and a recreational area with city views.  
Crown Group achieved an impressive $173 million in sales within four hours at the launch of Sydney by Crown in November last year for its Clarence Street project.
Closer to town, strong sale were also achieved as 581 apartments (below) were offered at the Lend Lease launch of the Darling Square project.
The two penthouses sold at more than $10 million each.
</div>
<div class="default">
<div class="cT-imageGallerySnapshot cfix">
<div class="media">
<img src="https://images-2.domain.com.au/2015/04/19/6455642/Darling-Square-Cover-image_1024-620x414.jpg" alt="Artist's impressions of the second stage of Darling Square, Darling Harbour" width="619" height="414"><a class="more-photos size-lrg" href="https://news.domain.com.au/photogallery/domain/darling-square-darling-harbour-20150419-3ud7f?aggregate=&amp;selectedImage=0">C</a>
</div>
</div>
</div>
</body></html>

jchancellor-FAypfDUnLy

Crown Ashfield secures top down sales success at its tree-house inspired Liverpool Road offering

<html><body>
UrbanGrowth NSW has denied claims of plans for a 32 storey apartments towers on the public foreshore surrounding the Sydney Fish Market.
“We do not have secret plans for 32 storey towers or anything else,” UrbanGrowth NSW chief executive, David Pitchford said in response to the Sun Herald report.
UrbanGrowth NSW has categorically denied claims that there was any sort of “done deal” regarding the transformation of The Bays Precinct site.
“There are currently no plans for any part of The Bays Precinct – what we have is a discussion paper that we are releasing to the people of Sydney this weekend for their comment over the next six weeks,” said David Pitchford.
The sensational article co-incided with weekend community consultation sessions, with live streaming, discussing the future for the Bays Waterfront Promenade, Bays Market District, White Bay Power Station, and White Bay Cruise Terminal. There were over 1000 registrations to attend.
<div class="js-tweet-details-fixer tweet-details-fixer">
<div class="TwitterPhoto js-media-container">
<div class="TwitterPhoto-container" data-card-url="//twitter.com/TheBaysSydney/status/599774139222781953/photo/1" data-card-type="photo" data-element-context="platform_photo_card">
<div class="TwitterPhoto-media"><a class="TwitterPhoto-link media-thumbnail twitter-timeline-link" href="https://www.propertyobserver.com.au/https://twitter.com/TheBaysSydney/status/599774139222781953/photo/1" data-url="https://pbs.twimg.com/media/CFLTZsPWoAEEtQm.jpg:large" data-resolved-url-large="https://pbs.twimg.com/media/CFLTZsPWoAEEtQm.jpg:large"><img class="TwitterPhoto-mediaSource" src="https://pbs.twimg.com/media/CFLTZsPWoAEEtQm.jpg:large" alt="Embedded image permalink"></a></div>
</div>
</div>
<div class="js-machine-translated-tweet-container"> </div>
</div>
“The Call for Great Ideas is not a procurement process,” he said.
"UrbanGrowth NSW does not know who will or will not make a bid to redevelop Blackwattle Bay, but the fact is that the time for bids of any sort is some time away, and when there is a call it will be a transparent and open public process.
<div><img src="https://pbs.twimg.com/media/CE8XbGHUkAAX9e6.jpg" alt="Embedded image permalink" width="880" height="440"></div>
"The priority for UrbanGrowth NSW this year is the development of the Transformation Plan which will guide and direct the development of The Bays Precinct over the next 20 to 30 years," he said.
The Sun Herald article said the Baird government's land development agency, Urban Growth, expected to put a proposal to build 32-storey apartment towers on the public foreshore surrounding the Sydney Fish Markets to the NSW government for approval by July.
A Chinese fishing and real estate conglomerate, which already has a 25 per cent stake in the Sydney Fish Markets and owns the Bidvest site in Pyrmont, was behind the assumed plans, the article suggested.
The bays precinct summit <a href="/news/nsw/bays-precinct-sydney-harbour-summit-welcomed-after-years-of-stagnation-udia">consultation was welcomed by the developer lobby, the Urban Development Institute of Australia</a> when it was announced last year. 
</body></html>

No 32-storey bay apartment plans for Sydney Fish market precinct

<html><body>
Nest at the Hill, a new 249-apartment development by Singapore-based SHC, aims to add an element of luxe to Doncaster. 
Timber flooring in living areas, wool blend carpet in bedrooms and porcelain tiles in bathrooms.
Private rooftop terraces will be enjoyed by residents of eight of its 10 penthouse apartments.  
<a href="https://www.realestate.com.au/project-nest+at+the+hill-vic-doncaster-600007751" target="_blank">The 642 to 654 Doncaster Road, Doncaster complex</a> will have 249 apartments, four townhouses and six retail spaces. 
<img src="/images/2015/05/07/doncaster-may-7-two.png" alt="">
Apartments range from generous one-bedroom dwellings of around 53 square metre start from $395,000.
Its two bedrooms start from 69 square metre from $520,000 and three-bedroom apartments from 83 square metre range in price of $726,000 to $800,000. 
Being such a large project, it needs to cater for a variety of needs.
The generously sized two-bed two-bath configuration will likely suit owner-occupiers first and foremost, but also investors.
<img src="/images/2015/05/07/doncaster-may-7-three.png" alt="">
It will have a glamorous hotel-style lobby. 
<img src="/images/2015/05/07/doncaster-may-7-four.png" alt="">
Nest at the Hill is located at the highest point on top of Doncaster Hill, directly opposite Westfield shopping town. It is 18 kilometres to the CBD and 4 kilometres to Box Hill. 
Recent selling in Doncaster suggests about half the buyers will be ethnically Chinese, with investors coming from the nearby suburbs of Box Hill, Balwyn and Kew, which have a very high proportion of Chinese residents.
SHC (Sin Heng Chan) from Singapore commissioned the Melbourne architects, K2LD. 
The display suite will open 16 May, with construction commencing beginning of 2016 for completion at the end of 2018.
</body></html>

Nest at the Hill, Doncaster apartment development with hotel style lobby

<html><body>
The Melbourne property developer BPM has bought a Brighton bathing box as a communal facility for residents at its upcoming apartment project, The Standard (pictured below), on nearby Bay Street, Brighton.
The bathing box cost $175,000 with an $80,000 fit-out by interior designers Hecker Guthrie. 
<img src="/images/2015/05/01/brighotn%20april%2030%20bre.jpg" alt="">
It will be for the exclusive use of residents of The Standard which is a 110-apartment project at 209-213 Bay Street designed by architects Elenberg Fraser.
They will have to book a day at the beach box at no cost through the building's owners' corporation.
<img src="/images/2015/05/01/brighotn%20april%2030%20two.jpg" alt="">
The project was unveiled late last year in an Investorist Live pre-launch hosted by a panel including Investorist founder Jon Ellis, BPM marketing director Ashley Bramich and Elenberg-Fraser architect Edward Pearse.
The prices were typically around $9,000 to $10,000 per square metre, priced between $412,500 to $975,000. Construction began recently with an anticipated 16 month build. There are 19 apartments available for purchase.
The bathing box 47 is among the beach boxes that date back in 1862, designed as changing rooms to protect the modesty of bathers.
</body></html>

Nothing standard as bathing box thrown in for Brighton apartment buyers

<html><body>
A new apartment development is set for Noosaville's Gympie Terrace.
Khalani, designed by Kidd + Co principal Stephen Kidd,<a href="https://www.realestate.com.au/property-apartment-qld-noosaville-119606359" target="_blank"> will comprise six apartments</a>, built by Mark Bain Constructions.
The one, two and three bedroom apartments are being marketed toward retirees, in what Kidd says is a "very sought after location".
According to Kidd, Khalani at 279 Gympie Terrace will be the first new development at that end of Gympie Terrace since Platinum, which he designed about six years ago. David Connolly, the marketing agent and principal of Century 21 Conolly Hay Group Co, agrees that properties in that position are rare.
"This position showcases one of the most stunning Noosa River vistas available, with a view stretching all the way to the river mouth," he says. All living areas face north-east.
The three level building will have two apartments on each level, with pool access for the ground floor apartments. Kidd + Co describe the design as "conservative and classic".
"We haven't embarked on any new techniques, instead we've concentrated on refining quality to make this development the best it can be," says Kidd.
Plans for Khalani are still subject to final council approval.
</body></html>

jrichardson-uRX5hFdKfN

Stephen Kidd-designed Khalani development planned for Noosaville

<html><body>
Mirvac has established a crowdfunding-based property investment scheme.
Wholesale investors in the VentureCrowd Property platform will invest in Mirvac's apartments in Sydney.
An apartment in its Moreton complex under construction near Bondi Beach has been included for investment on the platform, and another apartment in the Chevalier apartment building at its Harold Park complex at Glebe.
The platform is being supported by Artesian Capital.
The new platform, known as VentureCrowd Property offers wholesale investors a chance to invest in Mirvac properties from $100 plus.
Crowdfunding is an emerging method of raising funds, in which individuals can invest in a venture by submitting funds through an online platform open to anyone across the internet.
The new model could also provide an alternative funding source for large developments, Artesian Capital managing director Jeremy Colless said.
VentureCrowd Property will allow investors, and ultimately retail investors, to build diversified property portfolios without the financing and property management hassles, or having to deal with real estate agents and conveyancing firms.
“We expect to see legislative changes in 2015 which will allow crowdfunding investment opportunities to be extended to retail investors, particularly as rising property prices make it more difficult for younger investors to enter the market,” said Jeremy Colless.
"As part of our mandate to innovate we have agreed to provide two apartments from our popular Sydney projects to the trial, enabling us to better understand the ins and outs of crowdfunding," said John Carfi, CEO Residential Development, Mirvac Group.
Investment experts VentureCrowd forecast the investment method is expected to be worth US$250 billion in the US within the next five years.
Since VentureCrowd’s equity crowdfunding platform was launched in 2013, sophisticated investors have invested more than $2 million in high-growth tech companies, fast-tracking growth in companies such as Ingogo, Fame &amp; Partners, Posse/Beat the Q and CrowdMobile.
“The VentureCrowd platform has proven to be a compelling alternative capital raising solution for seed and later stage high-growth companies,” Colless said.
“We are now expanding the platform to encapsulate the much larger property market.”
</body></html>

Mirvac Bondi Beach and Harold Park apartments in wholesale investor crowd funding initiative 

<html><body>
Crown Group has revealed details of its $88-million residential tower, Crown Ashfield with design by architects Turner.
Located on Liverpool Road, the nine-storey development comprises 79 boutique apartments, plus four retail spaces, resident and visitors’ car parking, grand lobby lounge, theatrette, piano room and rooftop communal facilities including a terrace and a recreational area with spectacular city views.
Sales are set to begin on 23 May with the luxury development due for completion in mid-2016.
<img src="/images/2015/04/22/Crown%20Ashfield%20Interior%20%20-%20Dark.jpg" alt="">   Crown Group chief executive Iwan Sunito said Crown Ashfield will feature a forest interior concept along with the development’s internal atrium.
"The common areas will be bathed in natural light, lush greenery and first-class residents’ amenities," Sunito said.
Nicholas Turner, said Crown Ashfield’s design, took the metaphor of the tree to express the verticality of the facade screening and dramatic floating roof and also reference the natural, serene materials within the building.
“As one transitions from the street into the main foyer of the building, an unexpected experience of great surprise will be created through the revealing of an urban sanctuary; timber cladding, a reflection pool, planting all beneath a dynamic atrium space extending up to the roof," Turner said.
“Shafts of daylight will fill this foyer and an urban oasis is created."
<img src="/images/2015/04/22/150421%20-%20Crown%20Ashfield%20-%20Roof%20-%20Final%20-%202000.jpg" alt="">
There will be a residents’ lounge, piano room and theatrette.
Crown Group project sales manager Anthony Falas said there was a growing demand for high-end apartments in Ashfield.
Crown Group has not finalised pricing for the apartments, but Crown Group's Anthony Falas told The Australian Financial Review the company is looking at the starting mark of $700,000 for a one bedroom apartment.
"In my opinion, it's probably the most undervalued inner west suburb," Falas said.
Crown Group achieved an impressive $173 million in sales within four hours at the launch of Sydney by Crown in November, after reaching its $100 million sales target within two hours.
The revival of Sydney’s inner west location continues with CPM Realty’s marketing of the Ashfield Lumina, featuring apartments Located at 268–270 Liverpool Road.
Lumina (pictured below) is an eight storey boutique development offering buyers a selection of 61 apartments designed by Marchese Partners.
The Lumina has studio, one bedroom and one bedroom plus study apartments available, through CPM Realty’s Sam Elbanna.
<img src="/images/2015/04/22/-%20270%20Liverpool%20-%20external%20CGI_rs.jpg" alt="">
</body></html>

Crown Ashfield aims to create an urban forest sanctuary

<html><body>
Mirvac's 224 apartment Ovo Sales at Green Square Town Centre went on sale on the weekend. They sold 221 of them. 
Pricing on the apartments in the 28-storey tower was equivalent to the last two towers the developer had sold in the same burgeoning new precinct.
Rates on level 12 were around $13,000 per square metre, with lower floors cheaper and higher floors dearer. 
There are three three bedroom apartments remaining for purchase.
Studios were priced from $650,000, with first home buyers paying more than $700,000 for a one bedroom apartment without parking, and two bedroom apartments with one bathroom in the $900,000 range and going up in Ovo, which occupies a prominent gateway location at 956-960 Bourke Street.
Designed by architect Richard Francis-Jones in an elliptical shape, the curving, 28-storey tower will be clad in coloured glass panels in rusty and yellow hues.
It features a larger mix of three-bedroom apartments with layouts designed to appeal to households with children.
Some apartments have a bathroom for every bedroom. 
Its release to the market was fast-tracked due to strong demand for apartments in the two previous 10-level blocks.  
Ovo is the third residential release from UrbanGrowth NSW and Mirvac over the past six months at Green Square and follows the sell-out success of Ebsworth and No. 8 Ebsworth.
“The strong interest in Green Square Town Centre is an endorsement of UrbanGrowth NSW’s commitment, perseverance and vision over many years to create a town centre at Green Square, and our strong partnerships with Mirvac and City of Sydney,” said UrbanGrowth NSW chief David Pitchford.
Mirvac Group's John Carfi said the landmark captured the attention of young professional and families at Green Square Town Centre, one of Australia’s most significant urban transformation projects.
Spanning 287 hectares, the precinct will see over $8 billion worth of investment over the next ten years to deliver a new global village for Sydney, including approximately 2,000 apartments.    
Ovo comprises six open plan one bedroom apartments, 46 one bedroom apartments, 152 two bedroom apartments, and 20 three bedroom apartments located at the northern end of Green Square Town Centre.
Construction of Green Square Town Centre’s first building, Ebsworth, is already underway. Construction at Ovo has an expected completion by early 2018. 
</body></html>

Mirvac's near weekend sell-out of Ovo, Green Square

<html><body>
Prices for apartments start at $585,000 for a one bedroom ahead of the launch of Epping One, a $75 million project in the heart of Epping. 
<a href="https://eppingone.com.au" target="_blank">Epping One</a> comprises 88 apartments listed off the plan for sale through Peter Walsh from Ray White Projects.
Epping has become quite active having been selected as one of eight urban activation precincts in Sydney by the NSW government.
Radray Constructions, a local family owned developer, is building Epping One. The project is designed by Australian Consulting Architects and a large batch of the apartments have a north orientation. All apartments offer parking and storage.
The project comprises 19 one beds, 57 two beds and 12 three beds.
Many feature studies and 18 courtyard dwellings are available.
Prices for apartments start at $585,000 for a one bedroom with an internal size ranging from 50 to 64 square metres.
The two bedroom apartments start at $799,000 featuring an internal size ranging from 70 to 88 square metres.
Around $1,050,000 is the starting price for three bedrooms with an internal size from 94  to 110 square metres.
Construction is expected to start in the second quarter of 2015.
Ray White Projects sold the Marquis project, comprising 35 apartments on Carlingford Road, within two hours at its recent launch.
Epping One is located at 42 – 50 Cliff Street, Epping, with its display suite to open soon at 50 Rawson Street, Epping.
</body></html>

Epping one bedders start from $585,000

<html><body>
One of the most common questions I am asked these days comes from investors looking to use their self-managed super funds (SMSF) to invest and develop property.
It's no surprise that people who've had good experience with property investing want to apply the same strategy and take control of their superannuation investments.  But it's not as easy as it seems and you need to be clear on what tactics are permissible when investing money from your SMSF. You also need good, qualified advice.
I have to say I find it a little hard to stay on top of what you can and can't do with a SMSF.
When we recently started working with our new client Adam Mondy of <a href="https://www.mondyfinancial.com.au/" target="_blank">Mondy Financial Services</a>. I was delighted to hear that he was a financial planner who specialises in SMSFs. So I asked Adam if he wouldn't mind setting us straight on what we can and can't do with a SMSF.
Below are Adam's words of wisdom:
THE SMSF Developments
It sounds like a new movie release, but the SMSF world can be just as exciting and just as scary.
The Australian Tax Office are suggesting that 30,000 new SMSFs are opening each year, which is a lot of people wanting to be in complete control (or at least have the perception of control) over their retirement fortunes.
Investments in a SMSF
Any investment you can make in your current super fund or personal name you can make in an SMSF. Although if you are looking to boost your collection of fine wines and buy a few bottles of Grange Hermitage or perhaps add to your art collection with a Pro Hart, then that's a topic for a another time. Whilst it can be none, it's far more complicated.
You can invest in shares, term deposits, bonds, real estate trusts but a major drawcard and what has become very popular, is property.
Borrowing to Buy Property in your SMSF
The fact that you can take your super, borrow some funds from a bank and then buy a property that you may pay off in 15 - 20 years (yes slightly different than your traditional property strategy) using some or all of your superannuation guarantee payments, is a powerful strategy. Not a perfect, well diversified, sure fire guaranteed strategy, but nevertheless a powerful one based on past property prices. Basically if you are comfortable with gearing (using somebody else’s money, at a cost, to help build your future funds) using SMSF may suit you.
The standard method is to obtain a special loan from a normal banking institution, combining these funds and you can purchase any type of property. The ATO has very strict rules on “whom” you can purchase from and “who” can use these properties but any property type is fine.
The interesting thing about these loans is you cannot change the fundamental character of the property while the loan is on foot. For example, land cannot be purchased and then developed while a loan is attached. You could purchase a house and land package or an “off the plan unit” but there could be no ownership transfer under the package until the home/unit build was completed. The fundamental change being from vacant land to residential property.
On the other hand it is possible to make improvements to property, whilst the loan is on foot, so long as:
a) The improvements are not so extensive that they result in a change of the fundamental character of the property. Renovations to an existing residential property would generally be acceptable;
b) The improvements are not funded from borrowed monies, In other words the fund uses its own funds to make improvements to the property.
Can you develop property in a SMSF?
Many people think that you cannot develop in the SMSF environment. This is not correct. You can set up special trusts within the SMSF environment that allow you to use borrowed (by the SMSF) funds, develop property, subdivide, buy/sell, build a granny flat, or any property strategy you can think of. These trusts will even allow other investors, other SMSFs or you personally to invest with your SMSF to undertake a development.
The major catch, other than it is highly regulated, complicated and can be costly, is that you need to have the funds outside of the specific property you are developing. You cannot borrow against the property you are developing, as would be the “norm” in a traditional development. If you have access to funds, are able to borrow against other assets and/or have other parties involved, this scenario may be beneficial.
Using your own funds i.e. not borrowing
Basically you can do what you like with your own super funds in relation to property when borrowing is not undertaken. As long as the ATO rules of purchasing and “use” of the property are satisfied then any purchase, development, construction, subdivision or investment can be undertaken.
Your future self?
Whilst using your SMSF to invest in property has become common, you should consider that property is illiquid and may not produce the returns it has in the past. So it's important to do your due diligence carefully. In addition to this many property investors are committed to property over other investments, meaning there is little diversification across their portfolio. However, using different strategies such property development where you are adding value and creating equity through the process, can be a good way of building up the value of your SMSF faster than waiting on capital growth.
With any investment the return you receive should attempt to reflect the potential risk you are undertaking. Don’t forget in this instance we are talking about your future retirement funds, so you not only need to justify this strategy to your advisers, to your auditor and to the ATO but most importantly to your future self and family, so tread carefully.
<a href="https://www.propertybloom.com.au" target="_blank">www.propertybloom.com.au</a>
</body></html>

New Developments

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

New Developments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News