<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
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Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

New Developments

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Offered for the first time this week is a boutique block of apartments in Sydney’s Waterloo.
Icelake, who also have projects in Petersham, Caringbah, Campsie, Riverwood, Chatswood, Burwood, Mascot and Beverly Hills, are the builders for this block of 39 apartments called <a href="https://www.zenithwaterloo.com.au/" target="_blank">Zenith</a>.
<a href="https://www.cbresi.com.au/NewProjects/Zenith,-Waterloo/707.aspx" target="_blank">Marketed through CBRE</a>, the apartments at 8 Amelia Street include one, two and three bedroom offerings.
The prices start at $638,000, with all containing studies. A number include parking. Two bedroom, two bathroom offerings range from $888,000.
The largest include three bedroom, two bathroom and two car parking options.
The median unit price in <a href="/news">Waterloo</a> currently sits at $665,000, according to RP Data.
CLICK HERE FOR MORE NEW DEVELOPMENT NEWS.
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jduke-EHk3XBmHkn

Zenith Waterloo apartments now launched to market

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Six new residential projects are set to be launched on the Gold Coast within the next 60 days, marking the beginning of a new surge in development in the area, according to Colliers International.
Director of residential at Colliers International, Tony Holland, called the Gold Coast the most undervalued property market in the country at present, with a growth phase around the corner.
This, Holland said, is a continuation on from the demand and growth seen across Sydney, Melbourne and now Brisbane.
“The number of cranes in the sky is likely to double in six months’ time with a number of developers now moving forward with launching their projects to market in the next 60 days,” he said.
These are the six residential developments that Colliers are going to be selling in the coming weeks:
<ul>
<li>Beachside highrise tower featuring 219 apartments in central Broadbeach 
</li>
<li>Residential development of 386 apartments, overlooking the Glades Golf Course Robina 
</li>
<li>Southport CBD highrise tower featuring 221 apartments 
</li>
<li>Land and villa estate at Hope Island 
</li>
<li>Residential land estate at Kingscliff in Northern NSW 
</li>
<li>Residential villa development at Casuarina Beach</li>
</ul>
However, it’s not just the projects themselves that will be behind a surge, but the reasons for their projects and the drivers of developer confidence that have seen them acquire the sites over the past three to five years, obtain development approval and then hold off waiting for the right time to launch. “They can see that the time is right, with new apartment supply at 30 year lows, combined with record low interest rates, a buoyant Sydney, Melbourne and Brisbane property market and ever increasing demand from the Asian market,” he said. The level of activity that will be driven on the Gold Coast has not been seen since 2007/2008, he said. “In addition to these releases, there are a number of projects expected to launch during 2016, few of which are located along the traditional beachside strip. However Southport is another area that has attracted significant developer activity, after the Gold Coast City Council declared it a Priority Development Area (PDA) late last year.”
Developers' confidence of is in part due to the now complete light rail, the currently under construction Commonwealth Games 2018 infrastructure and announced plans for a $345 million hotel tower at Jupiter’s Casino by Echo Group. Further infrastructure, including a $300 million redevelopment of Pacific Fair Shopping Centre, and the <a href="/expert-insights/buying/after-cup-of-tea-for-pm-abbott-wang-jianlin-commits-to-jewel-surfers-paradise-development">Jewel development from China’s Wanda Group</a> and Ridong Group, are also reported confidence builders, with the planned Wavebreak Island redevelopment with potential second casino a further potential boost.
YOU MIGHT ALSO WANT TO READ:
<a href="/expert-insights/buying/now-looks-like-a-good-time-to-buy-a-gold-coast-investment">Now looks like a good time to buy a Gold Coast investment:</a> Michael Matusik <a href="/expert-insights/buying/wave-of-investors-crashing-gold-coast-auctions-buyers-agent">Wave of investors crashing Gold Coast auctions: Buyer's agent</a> <a href="/expert-insights/investing/gold-coast-enters-growth-phase-but-is-it-really-a-good-place-to-invest">Gold Coast enters growth phase, but is it really a good place to invest?</a> Terry Ryder answers
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Six residential projects launching in 60 days setting the Gold Coast up for a surge: Colliers

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New Sydney apartments built near ­public transport will no longer require a car space, under new rules announced by the NSW Planning Minister Pru Goward.
The draft guidelines would apply to developments built within 400 metres of a transport hub, such as a bus interchange or railway station.
Goward said the cost of a new apartment could be up to $50,000 less under proposed changes.
The guidelines will apply to 22 councils: Ashfield, Auburn, Bankstown, Botany Bay, Burwood, Canada Bay, Canterbury, City of Sydney, Hurstville, Kogarah, Lane Cove, Marrickville, Leichhardt, North Sydney, Parramatta (city centre), Randwick, Rockdale, Ryde, Strathfield, Waverley, Willoughby and Woollahra.
The planning changes are open for <a href="https://planspolicies.planning.nsw.gov.au/index.pl?action=view_job&amp;job_id=6692" target="_blank">public comment until 31 October</a>.
“The closer people live to public transport hubs, the less likely they are to rely on cars,” Goward said.
“A car space can add up to $50,000 to the cost of a new apartment, so providing more flexibility around car parking requirements could lead to savings of up to the same amount for home buyers.
“Importantly, this change is restricted only to particular councils, applies only to development within close walking distance of transport services, and strongly discourages councils from allowing residents of these buildings to receive street parking permits.”
Hassell architects principal Matthew Pullinger, who represented the Australian Institute of Architects in government consultations about the changes, told News Ltd papers an underground car park was one of the most expensive aspects of a building, costing between $50,000 to $70,000 per underground car spot.
Developers would still be able to build car spots if there was a demand for them, with the new draft policy not having a minimum requirement of car spots.
NSW Bureau of Transport Statistics data shows a reduction in the number of people aged under 35 who have a driver’s licence — dropping from 84% in 1998 to 74% in 2009.
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jchancellor-FAypfDUnLy

Cheaper new Sydney apartment drive as compulsory car spaces scrapped

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The Australian estate agency CBRE has suggested the recent offshore marketing of Melbourne's tallest building, Australia 108, was being undertaken by "rogue" agencies.
Last week a Singaporean agency started taking buyer interest registrations, <a href="/expert-insights/buying/southbanks-australia-108-marketing-underway-offshore-through-knight-frank-singapore">on which Property Observer reported</a>. The website page was removed this week.
<img src="/images/2014/09/23/australia-108-sept-23-one.png">
Screenshots from the Singaporean website marketing Australia 108 before it was removed.
CBRE was also aware of another Singaporean company taking registrations using dated imagery of the former project.
The ambitious project's former owner, a mostly local Melbourne developer syndicate had begun <a href="/news/vic/fender-katsalidis-australia-108-tower-seeks-1-000-early-buyer-registrants">privately taking deposits</a> on the then 108-storey proposal offering from late 2012.
But the revised project, which is still awaiting final floor plan designs, is now being developed by the Singaporean company, Aspial.
At 319 metres it will be the tallest block in the southern hemisphere.
There will be an estimated 1,105 apartments in the complex, located up to its 100th level with a 2019 estimated completed date.
"It is a rogue operator attempting to get registrations," CBRE Residential Projects Victoria managing director Andrew Leoncelli told Property Observer.
"It's my project," he said, adding the two Singaporean agencies were "unauthorised".
Giving an estimated November 2014 to March 2015 timetable for the initial marketing, he indicated CBRE was the only appointed agency.
While CBRE have not yet taken any registrations, a January 2013 CBRE press release after the development site sale to the Aspial group indicated "people who have registered their interest in an Australia 108 apartment will be contacted with an update on designs for the tower once plans are further advanced." 
The prior Australia 108 consortium included Nonda Katsalidis; investor Adrian Valmorbida; developer Benni Aroni representing the Watersun syndicate made up of himself, Gary Caulfield, Rob Elliott and others; and the Beulah International syndicate representing the Malaysian partners.
Comment has been sought from Aspial.
The Knight Frank Singaporean commission agent spoken to by Property Observer said he had authorisation to take inquiries and registrations.
"Our company has been appointed," he said referring Property Observer to the agency website, which has since been taken down.
<img src="/images/2014/09/23/australia-108-sept-23-seven.png" alt="">
 
Designed by Melbourne-based and internationally renowned architect, Fender Katsalidis, the iconic tower comes with a striking starburst at levels 70 and 71 that will house Melbourne’s highest and largest recreational facilities area for residents.
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The iconic golden starburst will be located 210m above ground level and will house luxurious services for residents, including club lounges, fitness centres and private dining spaces, private theatres as well as two large gymnasiums and infinity edge pools, all of which will enjoy spectacular views over Melbourne. Level 70 will also feature a sky garden,
Facilities on level 70 will be for all residents, while residents living in the 170 apartments located above the starburst (from level 72 onwards) will enjoy exclusive access to private recreational facilities on level 71. The tower’s luxurious penthouse will exclusively occupy level 100. 
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“We see significant opportunities and interest in the Melbourne property scene – given it has been voted the most livable city in the world1 for the last four years. said Mr Koh Wee Seng, CEO of Aspial recently.
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“The Group is extremely privileged to be able to deliver such a landmark project in Melbourne, where we see a great appetite for luxury apartment living. We believe this building will redefine luxury living and also play a major role in showcasing Melbourne as a world-class city and leader in modern architecture,” Koh Wee Seng added, indicating the project had a S$1 billion gross development value.
Prices for one bedroom apartments will start from A$450,000. 
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Rogue marketing claims in offshore Australia 108 registrations

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John Dumesny, who negotiated the $187 million sale of the former Harold Park raceway in 2010, has bought into the unfolding Mirvac development.
Dumesny, the chief executive of Harness Racing NSW, along with business partner, lawyer Eve McGregor, bought a three-bedroom investment terrace at the weekend launch of Chevalier, the fifth precinct in the Glebe development.
<a href="https://haroldparkbymirvac.com/visual-tour" target="_blank">Dumesny worked onsite at the paceway from 1988 to 2010</a>.
"It is like coming full circle," he told Fairfax Media.
The north-facing park-front terrace homes had prices ranging from $1.9 million to $2.15 million.
Of the 111 apartments and terraces offered, 92 had sold by late Saturday taking sales at Harold Park to more than 1000.
The Harold Park project is set on the former raceway site 2.5 kilometres from the CBD.
It will comprise 1,250 apartments and terraces on completion.
<img src="/images/2014/09/23/mirvac-sept-23-breakout-two.jpg" alt="">
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Harness Racing boss secures Harold Park investment terrace

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More than 50% of the apartments Greenland’s Lucent development in North Sydney, have been sold after the project was officially launched on Friday.
This comes shortly after the opening of their display home and <a href="/expert-insights/buying/lucent-north-sydney-apartments-first-time-offered-marketing">"first time offered" marketing</a>.
There is a total of 211 apartments available at the 225 Pacific Highway development.
At the launch, there was reportedly high interest in the two bedroom, two bathroom offerings. There were 73 two bedroom offerings on offer, starting at $995,000 and ranging from 59 to 85 square metres.
Studios were available from $528,000, one bedrooms from $681,000 (with a study pushes the price to $805,000) and three bedroom apartments were priced at $1,750,000.
In total, a 50% owner occupier rate was recorded.
The apartment tower spans 17 levels and includes views of the city.
<a href="https://www.lucentnorthsydney.com.au" target="_blank">Lucent</a> is expected to be completed in the second quarter of 2016.
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Greenland’s Lucent, North Sydney development sells over 50% on launch

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Offshore marketing of Melbourne's tallest building, Australia 108, on Southbank Boulevard, is underway through Knight Frank Singapore.
At 319 metres it will be the tallest block in the southern hemisphere.
<a href="https://propertybuyer.sg/australia-108-70-southbank-boulevard/" target="_blank">There will be 1,105 apartments in the complex</a>, located up to its 100th level.
Property Observer understands it has a 2019 estimated completed date.
<img src="/images/stories/2012/11/australia108.jpg">
Singaporean developer Aspial bought the Australia 108 site in Southbank which has building approvals from the Victorian Planning Minister Matthew Guy.
They paid $42.3 million in January for 70 Southbank Boulevard with its permit for 312-metre tower design by architects Fender Katsalidis. 
The southern hemisphere’s tallest building, Australia 108 will stand at 319 metres — 25 metres higher than the Eureka Tower.
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The name stems from a previous mooted incarnation when it was set to be 108 stories high.
Aspial began as a single-store jeweller in 1970 to become a major retailer, financial services business and property group.
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 PS The Knight Frank website pages soliciting registrations have been removed <a href="/expert-insights/buying/rogue-marketing-claims-in-offshore-australia-108-registrations">in the wake of claims they had no authority</a>.
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Southbank's Australia 108 marketing underway offshore through Knight Frank Singapore

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One, two and three bedroom apartments have been released at CBRE's Bosco project in Sydney's Five Dock.
Located 9 kilometres from the Sydney, the apartments are within walking distance of Canada Bay.
The masterplanned development were designed by Bates Smart with reference to Mediterranean towns. It includes six-metre deep garden areas surrounding the cluster of apartments, with a central courtyard garden.
The residences have sandstone, terracotta and Roman brick facades.
Priced from $600,000, the new apartments all include parking.
The Bosco project is being developed by CBRE Residential and EG Funds Management, a specialist property fund manager.
 
 
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Apartments on offer at Five Dock's Bosco development

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Quest Serviced Apartments expect to open the $25 million Quest Townsville on Eyre this December.
Leichardt Developments is developing the project, located at the corner of Eyre and Leichardt Streets.
It will be Quest's second Townsville property and their fourteenth Queensland venture.
<img src="/images/2014/09/18/tonwsville%20spet%2018%20four.jpg" alt="">
According to Quest chief executive Zed Sanjana, the company believes Townsville has strong growth prospects, driven by the defence, mining and tourism industries and the public service.
"Townsville is the largest regional centre north of the Sunshine Coast with the population predicted to increase by more than 50% over the next two decades to almost 300,000 residents," said Sanjana.
"The city boasts three major natural resource refineries and a multi-cargo port, in addition to the state's largest government sector outside of Brisbane," he noted.
<img src="/images/2014/09/18/townsville%20sept%2018%20one.png" alt="">
Quest Townsville on Eyre will have 85 studio, one bedroom and two bedroom serviced apartments. The complex will include a rooftop barbecue area, gymnasium and conference room facilities.
<img src="/images/2014/09/18/townsville%20sept%2018%20three.png" width="850" height="532">
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Quest Townsville on Eyre to open in December

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Mezzo Sydney is the latest new apartment project to be unveiled in Sydney's Glebe and one of the first ahead of the official evolution of the nearby Bays precinct.
Close to the edge of Wentworth Park, the 213-apartment Mezzo Sydney, is set over four 10-level towers with rooftop gardens by landscape architects 360º.
Some 1,300 registrations of interest have been made ahead of this weekend VIP launch<a href="https://mezzosydney.com.au" target="_blank"> by the Savills sales team</a>.
The design of the 21,000 square metre city fringe development site was undertaken by <a href="https://www.chrofi.com/project/bay-street-glebe" target="_blank">CHROFI</a> and KANNFINCH after a City of Sydney design excellence competition.
There will be full-height glazing, tiled floors and stone benchtops inside the apartments, many of which have city views. The architects sought for the apartment interiors to be restrained but warm in character with an aesthetic quality reminiscent of a bygone industrial past.
<img src="/images/2014/09/18/glebe%20sept%2018%20two.jpg" alt="">
Downstairs it will have 4,400 square metres of commercial and retail space, says David Cullen, managing director at developer Oakstand Property Group, which is working with the Denwol Group.
 "There really hasn't been much stock coming on in Glebe, except for Harold Park," he said, noting it was just a five-minute walk from Broadway's shopping and the universities of the area.
The full city block holding with frontages to Bay, Cowper and Wentworth Streets and Wentworth Park Road has allowed a podium up to level three.
MEZZO Sydney will have studios (41-43 square metres) from $585,000; one-bedrooms (43-63 square metres) from $650,000; two-bedrooms (64-96 square metres) from $885,000; and three-bedrooms (103-142 square metres) from $1.7 million to $2.5 million.
Denwol has been a Sydney-based diversified property group for over 35 years, with in excess of $650 million currently under development.
In July the NSW government announced that an international summit of urban renewal experts will be held to revitalise Sydney’s Bays Precinct, the next big waterfront site following Barangaroo.
It centres around the planned rejuvenation of Sydney Fish Market and the adjoining under-utilised inner harbour western bays around Blackwattle Bay, Rozelle Bay, Rozelle Rail Yards, and the heritage-listed White Bay Power Station.
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