&nbsp;

A local Australian has spent a Lower North Shore record $15.1 million at <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the new TOD above the recently opened Crows Nest Metro Station.

The buyer amalgamated a penthouse and sub-penthouse to create the triplex apartment that will have five bedrooms, five bathrooms, a private rooftop pool, expansive terrace, and panoramic views of Sydney Harbour and skyline. The building is being created by burgeoning developer Third.i, alongside joint venture partner Phoenix Property Investors.

The buyer was drawn to Elevate’s unrivalled connectivity, situated directly above the&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, and the vibrant lifestyle precinct that surrounds it. The Metro connects to the CBD in just seven minutes, and Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=309367]

Designed by internationally acclaimed architects <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the ancient blue gum forests native to the area. The building is a Net Zero development, created in consultation with Indigenous communities and exceeding sustainability benchmarks. Interiors feature chevron-engineered timber flooring, natural stone benchtops, and premium Sub-Zero Wolf appliances, delivering timeless elegance and next-level comfort.

The exchange of the $15.1 million apartment, follows a recent $5 million sale, and over $30 million currently in expressions of interests. Interest in Elevate’s penthouse stock has surged, reflecting a strong appetite for ultra-luxury residences that combine design excellence with unmatched connectivity.

[smartcode_project:default project_id=142550 project_image_fid=309369]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group.&nbsp;

“These recent sales are a testament to the vision behind Elevate. It’s not just about luxury finishes or panoramic views, it’s about creating homes that are deeply connected to the city and the community. Buyers are responding to that. They want to live somewhere that offers more than just a postcode, they want culture, convenience, and long-term value. Elevate delivers all of that, and more.”

[smartcode_project:default project_id=142550 project_image_fid=297878]

As part of the Hume Place precinct, Elevate is transforming Crows Nest into Sydney’s most dynamic urban village. Elevate’s unique position directly above the metro, combined with its curated amenity offering, has made it a magnet for buyers seeking a future-proof investment and a vibrant urban lifestyle.

The next release at Elevate is expected later this year.

[smartcode_project_cta:default project_id=142550]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group


Joel Robinson

Third.i & PPI set Lower North Shore apartment record with $15.1m sale at Elevate Hume Place penthouse amalgamation

Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

New Homes

The Aultun Group&rsquo;s latest Keysborough development, The Woodlands, is set to deliver a new living experience in the south-east Melbourne suburb.

Situated at 21-23 Loxwood Avenue, the estate features a collection of 42 double-story house and land packages designed with aspirational families in mind.

The three and four-bedroom homes were designed to be modern and timeless with a complementary colour palette of greys and timber accents across the fa&ccedil;ade.

<blockquote>
&ldquo;New projects like the Woodlands coming along will go a long way to satisfying the serious market demand for new house and land&rdquo;, said Oliver Hume&rsquo;s Harvey Carretero.
</blockquote>

Carretero noted that as a rapidly growing suburb, Keysborough was emerging as a vibrant, new residential area.

[smartcode_project:default project_id=108775 project_image_fid=179327]

Set 27-kilometres from the Melbourne CBD, the suburban gem boasts a number of neighbourhood amenities.

&ldquo;The location is unsurpassed for its close proximity to an array of amenities&rdquo;, according to the developers.

Within walking distance to the property are Dingley shops and Parkmore Shopping Centre, anchored by Woolworths and Coles.

[smartcode_project:default project_id=108775 project_image_fid=179333]

There is a collection of eateries and caf&eacute;s along the Dingley shopping strip on Centre Dandenong Road, including Match &amp; Co Caf&eacute; and Strange Servant.

Residents can also appreciate the range of recreation opportunities on offer thanks to the green spaces and leafy retreats that dot the neighbouring streetscapes.

&ldquo;[S]hare in a round of golf at the Southern Golf Course or watch the kids play in the fantastic playgounds at Tatterson Park&rdquo;, the project marketing suggests.

Backing on to a peaceful parkside sanctuary, residents will always have their daily fix of the outdoors, as well as the neighbouring Spring Valley Park and Keysborough Community Park.

[smartcode_project:default project_id=108775 project_image_fid=179331]

Keysborough provides a range of educational offerings, including South Primary school, the established Haileybury College and Lighthouse Christian College.

Eight kilometres from the home, you will also find Monash, a leading Australian university that boasts a student population exceeding 85,000

A short drive from the Woodlands estate, residents will find Mordialloc Beach and discover the bay and beach caf&eacute;s.

The well-developed and popular beach includes a pier, picnic areas and a curving promenade running behind the beach from the pier to the lifesaving club and beyond.

[smartcode_project:default project_id=108775 project_image_fid=179329]

The revitalisation of the Greater Dandenong has continued to transform the region, adding a strong incentive to invest.

In 2006, the Victorian Government pledged $290 million to this renewal over the next 20 years to 2026, which will leverage $18 billion in private sector development, create 5,000 new jobs and 4,000 new homes.

The Woodlands is expected to reach completion in early 2023.

[smartcode_project_cta: project_id=108775]

Situated at 21-23 Loxwood Avenue, the estate features a collection of 42 double-story house and land packages designed with aspirational families in mind.

max.kwok_55688

What’s within walking distance of the masterplanned Keysborough community, The Woodlands?

Sierra Residences is among the newest residential developments finding roots in Sydney&rsquo;s north-western suburb of Kellyville.

Delivered by Metro Property Development, Sierra boasts a boutique collection of 51 house and land sites&nbsp;with prestige inclusions.

Situated in an area of booming growth, residents can enjoy natural bushland, local parks, village hubs and major retail centres, positioned between Rouse Hill and Castle Hill.

[smartcode_project:default project_id=94621 project_image_fid=155474]

&ldquo;[Sierra] presents the perfect family address, enjoying excellent amenities and connectivity&rdquo;, the project marketing reads.

Designed to suit a variety of lifestyle needs, 11 architecturally designed freestanding residences are included within the residential development.

The four-bedroom, two-bathroom residences include high-quality kitchen finishes, such as engineered stone benchtops and stainless steel Miele appliances.

[smartcode_project:default project_id=94621 project_image_fid=155478]

Among its other features include built-in robes, ducted air conditioning, low-maintenance gardens and modern chrome hardware.

Set amongst beautiful streetscapes, many Sierra homes also enjoy Blue Mountains views.

Kellyville is the ideal Sydney suburbs for young families, with nearby schools including Ironbark Ridge Public School, which offers opportunity classes (OC).

[smartcode_project:default project_id=94621 project_image_fid=155473]

Sierra Residences is located a brief four-minute drive to the Kellyville Station, well-serviced by metro trains that connect to Macquarie Park, Chatswood and soon the new inner-city line.

Families can enjoy living in close proximity to Kellyville Park&rsquo;s sporting complexes, Castle Hill Country Club, the historic Bella Vista Farm and Castle Towers.

The freestanding homes are listed from $1,125,000.

Delivered by Metro Property Development, Sierra Residences boasts a boutique collection of 51 house and land sites with prestige inclusions

Sierra Residences, the brand-new four-bedroom homes coming to Sydney’s north-west

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Although some student apartment markets are currently impacted by a lack of demand due to the fall in international students, investors can still secure a strong performing long-term investment.

Apartments in student markets more affordable than ever, and according to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term.

“Sooner or later, international students will come back to Melbourne because the demand for a high quality, English-speaking, in-person university experience is not going to shrink while we’ve got those growth economies in Asia,” Kuestenmacher told Domain.

As one of Victoria’s best performing universities, Monash hosts more than 85,000 students at its various campuses around Melbourne.

Urban takes a look at five apartments perfect for students nearby Monash, ideal for scholars and academics, high-income postgraduates and investors.

<h2>Apartments close to the Monash Parkville Campus</h2>

Home to the university’s Faculty of Pharmacy and Pharmaceutical Sciences, the Parkville campus is made up of five buildings on Royal Parade and is close-by Monash Law’s city campus.

Property investors with investments in the surrounding suburbs benefit from the campus, which enrols around 1,100 undergrad and postgrad students, which attracts international students, part-time students and professional researchers.

1. Melbourne Grand, Melbourne 
Address: 560 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $498,000

[smartcode_project:default project_id=3490]

Winner of the HIA ‘Victorian apartment complex of the year 2020,’ Central Equity’s Melbourne Grant provides an outstanding living experience.

Less than a kilometre away from Monash University’s Parkville campus, postgraduate students and investors alike will enjoy the residence’s ideal location.

The residence features various amenities, including resort-style facilities, residents’ lounge, 17-seat theatre and coffee bar.

2. Parkhill Apartments, West Melbourne 
Address: 408 Spencer Street, West Melbourne VIC 3003 
One-bedroom apartments from $479,000

[smartcode_project:default project_id=27406]

Although a bit further from the campus, three kilometres south, the well-connected Parkhill Apartments offers stylish residences on the fringe of the Melbourne CBD.

Delivered by Central Equity, the project benefits from bright apartments with up to 2.7-metre-high ceilings, spacious balconies and seven-day concierge service.

Located minutes from Queen Victoria Market, transport links and Flagstaff Gardens, this project is one to consider.

<h2>Apartments close to the Monash Clayton Campus</h2>

Clayton campus, the university’s main campus, boasts a student population exceeding 41,000.

The 1.1 sqkm site also hosts the majority of Monash’s 9,000 academic staff, as well as visiting researchers, scholars and doctoral students.

1. Aster Apartments, Clayton South 
Address: 456 Haughton Road, Clayton South VIC 3169 
One-bedroom apartments from $396,800

[smartcode_project:default project_id=4124]

Delivered by Cedar Woods and designed by DKO Architecture, Aster Apartments boasts affordable apartments in the award-winning masterplanned community, Jackson Green.

With over 4,700 sqm of public open space, residents at Aster can enjoy plenty of social spaces to connect with neighbours, just 1.8 kilometres from Monash’s main campus.

Clayton’s South is a hub for healthcare and education, connecting residents to employment opportunities, countless amenities and developed infrastructure.

2. M-City, Clayton 
Address: 2107 Dandenong Road, Clayton VIC 3168 
One-bedroom apartments from $371,300

[smartcode_project:default project_id=528]

Just 700 metres from the Clayton campus, M-City provides a sophisticated ‘mini-city’ in Clayton, within walking distance to grocery stores, restaurants, bars and more.

Shiavello’s development is situated in the lively Clayton, which has had an average annual growth of 12 per cent over the last three years.

Each apartment contains floor-to-ceiling glazing, spacious, private balconies and luxury resort-style facilities, including a heated pool, landscaped gardens and barbeque zones.

<h2>Apartments close to the Monash Caulfield Campus</h2>

Comprising over 13,000 students, the Monash Caulfield campus is the university’s second-largest.

Located within the Glen Eira City Council, Caulfield boasts good infrastructure, an excellent community feel and great schools.

1. 1060 Carnegie 
Address: 1060 Dandenong Road, Carnegie VIC 3163 
One-bedroom apartments from $459,000

[smartcode_project:default project_id=2882]

Located only 1.3 kilometres from the Caulfield campus, 1060 Carnegie enjoys the convenience of two train stations, four train lines and a dedicated tram route.

Beautiful parks, gardens and sport facilities provide vast amenity to students, homeowners and visiting scholars.

Delivered by Fortune Property Group and designed by Peddle Thorp Architects, the apartments feature landscaped lawns, rooftop garden and integrated storage space.

2. Equus, Glen Huntly 
Address: 28 Watson Grove, Glen Huntly VIC 3163 
One-bedroom apartments from $470,000

[smartcode_project:default project_id=28063]

Placed in the intimate suburb of Glen Huntly, Equus affords a superior quality of life in an exceptional location, just 11 kilometres south-east of the CBD and 1.2 kilometres from the Caulfield campus.

Owner-occupiers and investors will enjoy the area’s relaxed energy and family-friendly neighbourhood.

Equus comprises 39 apartments and offers outdoor entertaining areas, considered space and bright open space.
</body></html>

According to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term

Student apartments for under $500k close to Monash University campuses

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With apartments in student markets more affordable than ever, due to retreating investor interest, now may be the time to secure a home that could be a strong performing long-term investment.

The University of New South Wales (UNSW), one of the top universities in Australia, has a student population of 65,000 and is located in Sydney’s south-eastern suburb of Kensington.

Urban takes a look at five apartments perfect for students nearby UNSW, ideal for scholars and academics, high-income postgraduates and investors.

1. The Laneways, Rosebery 
Address: 33-37 Mentmore Avenue, Rosebery NSW 2018 
One-bedroom apartments from $592,800

[smartcode_project:default project_id=24323]

Just 2.6 kilometres from UNSW, Ellerson Property’s the Laneways provides inner-city living with luxury features and architectural design.

Located within close proximity to Green Square transport hub and approximately six kilometres from the Sydney CBD, the home provides great investment options with potential homebuyers including mobile professionals, creatives and families.

The chic home includes residents-only car charging bays, a rooftop garden terrace and district views. 
 

2. Orchid, Eastgardens 
Address: 9 Oscar Place, Eastgardens NSW 2036 
One-bedroom apartments from $695,000

[smartcode_project:default project_id=29389]

Farther from the university but still enjoying convenience for students and academics, Orchid is part of Meriton’s latest development.

The final first stage offering in the masterplanned Pagewood Green, Orchid boasts 256 oversized apartments across four buildings.

Just 3.1 kilometres from UNSW’s Kensington campus, Maroubra Beach and the Sydney CBD, this development provides a residential oasis.

Designed by PTW, the community includes podium gardens, a retail precinct and outdoor entertaining spaces. 
 

3. Eminence, Zetland 
Address: 811 Elizabeth Street, Zetland NSW 2017 
One-bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

Offering a remarkable boutique trio of buildings, commanding four street frontages between Green Square and the CBD, Eminence meets the criteria of a strong investment property.

Including onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre, Eminence brings all the necessary amenities to your doorstep.

Delivered by Meriton and designed by DKO Architecture, the property also offers pools, open-air training facilities and playgrounds. 
 

4. Pagewood Green, Eastgardens 
Address: 130-150 Bunnerong Road, Eastgardens NSW 2036 
Two-bedroom apartments from $815,000

[smartcode_project:default project_id=13861]

The multi-staged masterplan development, Pagewood Green, provides diverse layouts for the lifestyle of any homebuyer.

Positioned opposite an upcoming 8,000 sqm park and neighbouring Westfield Eastgardens, the convenient home delivers exceptional amenity within walking distance and is just 17 minutes from UNSW by bus. 
 

5. Polo Collection, Rosebery 
Address: 55 Rothschild Avenue, Rosebery NSW 2018 
One-bedroom apartments from $710,000

[smartcode_project:default project_id=7588]

Set amongst tree-lined streets and only 2.4 kilometres from the Kensington campus, Polo Collection pays homage to Rosebery’s industrial past while providing residents with a residence of the future.

Developed by Meriton, the project connects residents to the Sydney CBD, Green Square and the harbour as one of the city’s most connected inner-city suburbs.

Designed by SJB, the homes boast a modern and distinctive style, with floor-to-ceiling glass, expansive floorplans and views over Sweetacres Park.  
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With apartments in student markets more affordable than ever, due to retreating investor interest, now may be the time to secure a home that could be a strong performing long-term investment

Five apartments under $900k close to UNSW in Sydney's Kensington

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Helping Australians get into a home of their own and supporting tradies’ jobs are both key priorities for the as we build a comeback from the COVID-19 recession, according to the Morrison Government

The Treasury's latest figures released today show, that as at 31 December 2020, over 75,000 households have applied for a HomeBuilder grant, with 80 per cent of applications to construct a new home.

Tradies and home buyers in every state and territory has benefitted from these HomeBuilder applications;

<figure><figcaption><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/homebuilder_data.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="314" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/homebuilder_data.jpg?itok=sfbj8k87" width="580"></a>

Source: Australian Treasury
</figcaption></figure>As a key driver of our comeback, the Treasury estimates that HomeBuilder will now support up to $18 billion of residential construction projects.

HomeBuilder was designed immediately to inject confidence and encourage buyers back into the market to offset the devastating effects of the pandemic on the residential construction industry.

On all counts HomeBuilder has achieved this objective and kept hundreds of thousands of tradies in work who would have otherwise been facing the unemployment queue.

To maintain this momentum in Australia’s economic comeback, the Morrison Government has announced HomeBuilder will be extended until 31 March 2021.

For all new build contracts signed between 1 January 2021 and 31 March 2021:

<ul>
<li>Eligible owner-occupier purchasers will receive a $15,000 grant; and</li>
	<li>The property price caps for new builds in New South Wales and Victoria have been increased to $950,000 and $850,000 respectively.</li>
</ul>
In addition, the construction commencement deadline has been extended from three months to six months for all eligible contracts signed on or after 4 June 2020.

Extending HomeBuilder ensures there a steady pipeline of construction activity through to 2022.

<h2>Three Victorian developments eligible for the HomeBuilder Grant:</h2>

1. The Docklands Residences

Address: <a href="/buildings/the-docklands-residences-3-43-waterfront-way-docklands">3-43 Waterfront Way, Docklands VIC 3008</a>

<a href="/buildings/the-docklands-residences-3-43-waterfront-way-docklands"><img alt="" height="373" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/docklands.jpg" width="662"></a>

 

The Docklands Residences will sit atop a brand new 8-floor Marriott Hotel, and residents will be able to enjoy the use of 5-star hotel amenities, including a spectacular infinity pool, gym, sauna and spa, as well as Marriott’s hotel services such as room service, concierge and housekeeping.


The development will include 200 hotel rooms and 88 limited oversized residences, with enviable aspects of the water, city and Bolte Bridge.

With construction almost complete and settlement taking place in January 2021, few residences still remain, now selling from $693,000. 

2. 661 Chapel Street

Address: <a href="/buildings/661-chapel-street-661-chapel-street-south-yarra">661 Chapel Street, South Yarra VIC 3141</a>

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" height="480" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_chapel.jpg" width="700"></a>

 

661 Chapel St comprises spacious one, two, three and four bedroom residences across 30 magnificent floors. A soaring private lobby spanning four levels features a gallery-like space filled with renowned artworks, and six-star hotel-like amenities on the ground floor and level six all combine to deliver the ultimate luxury lifestyle experience. 
Due to the unique location, 661 Chapel St’s uninterrupted views can never be built out. These sweeping views encompass not only the iconic river, but also Melbourne’s CBD, impressive night or day, bay views to the south, and the greenery of the park-like campus of Melbourne High School.


There are one bedroom and two bedroom apartments available from $546,000 and $798,000 respectively.

Developed by Gamuda Land, it was designed by bird de la Coeur architects and is under construction by Crema Constructions.

3. Moreville

Address: <a href="/buildings/moreville-12-18-napier-street-footscray">12-18 Napier Street, Footscray VIC 3011</a>

<a href="/buildings/moreville-12-18-napier-street-footscray"><img alt="" height="472" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/moreville.jpg" width="700"></a>

Designed with exceptional quality at the forefront, Moreville brings together 41 stunning 1, 2 and 3 bedroom apartments by the banks of the Maribyrnong River. High-end features and finishes are standard, with sleek monochrome tones, floor-to-ceiling windows and endless finely curated details. At the pinnacle, a spectacular rooftop terrace showcases sweeping city views with communal entertaining and gym facilities for residents.

A premium development embedded in Footscray’s heart, walking distance to its thriving centre, growing business hub and the vibrant market precinct, while cafes and retail will also feature on the building’s ground floor. Set in a quiet tree-lined street just 500m from Footscray train station, with direct freeway access nearby and the CBD just minutes away.

Two bedroom apartments in the development start at $525,000.

All of these developments also have deluxe residences for sale with prices over the HomeBuilder Grant threshold.

Further reading:

<a href="/news/save-15-000-until-march-2021-what-the-homebuilder-grant-extension-means-for-off-the-plan-property-purchases" target="_blank">Save $15,000 until March 2021: What the HomeBuilder Grant extension means for off-the-plan property purchases</a>

<a href="/guides/buy-now-save-20-urban-listings-eligible-for-the-25-000-homebuilder-grant">Buy now and save: 20 Urban listings eligible for the $25,000 HomeBuilder Grant</a>

<a href="/news/everything-you-need-to-know-about-australias-25-000-homebuilder-grant-how-much-off-the-plan-homebuyers-could-save">Everything you need to know about Australia's $25,000 HomeBuilder Grant + how much off-the-plan homebuyers could save</a>
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As at 31 December 2020, over 75,000 households have applied for a HomeBuilder grant, with 80 per cent of applications to construct a new home

urban.com.au

Victoria leads the HomeBuilder-based recovery with over 25% of new home construction

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<h3 class="post-title entry-title"> </h3>
New home sales declined by 8.5 percent in October to their lowest level in two years.
Sales were down for both detached houses (-8.2 percent) and multi-units (-9.2 percent).
The drop was led by Victoria which saw a 20 percent decline in detached house sales.
<a href="/images/2016/11/30/HIA.jpg" target="_blank">Click to enlarge</a>
<div id="post-body-8382522470035879314" class="post-body entry-content">
<div class="separator"><img src="/images/2016/11/30/HIA.jpg" alt=""></div>
<div class="separator"> </div>
<div class="separator">Source: HIA</div>
<div> </div>
<div>New home sales are now 13 percent below their peak in April. </div>
<div> </div>
<div>The Housing Industry Association (HIA) sees this as consistent with its forecast of housing starts declining to 172,000 by 2018/19, driven by a substantial drop in apartments, which is fair enough.</div>
<div> </div>
<div>
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
 </div>
</div>
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pwargent-M4siyDbqQY

Two year low for new home sales: Pete Wargent

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GUEST OBSERVER
New home sales continued the trend of decline seen throughout 2018.
The HIA New Home Sales Report shows detached house sales fell by 6.7 per cent in the final month of 2018.
Sales during the final quarter of 2018 were 14.9 per cent lower than last year.
While declining home prices in Sydney and Melbourne have made home buyers in these markets far more cautious, the ongoing challenges accessing finance that face many would-be home buyers across the rest of the country continue weigh on new home sales.
New home sales declined steadily throughout 2018. The declines ultimately ended up with sales in December dropping to their lowest level since late-2012.
There is still a large amount of residential building work under way due to residential developments that proceeded with large numbers of off-the-plan sales during 2016, 2017 and early 2018.
These off-the-plan sales have been flowing through the build process and many are now in the construction phase. This high level of building activity is masking a deterioration looming on the horizon.
The slowdown in sales that occurred throughout 2018 shows that the pipeline of new work coming though during 2019 is set to be considerably weaker than we’ve seen in recent years.
Home building activity on the ground is set to decline as the year progresses.
It will be important to watch the trajectory of new home sales during the first half of 2019. This will give us a clear indication of how the contractionary phase of the home building cycle will play out in the second half of 2019 and into 2020.
New South Wales was the only state where sales did not decline during the month (up by 10.0 per cent). Elsewhere sales declined: by 11.8 per cent in Victoria, 9.2 per cent in Queensland, 4.0 per cent in South Australia and 9.2 per cent in Western Australia.
Geordan Murray is a Senior Economist for HIA 
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j.ballantyne1990-6AQqhLzZaK

New home sales at 2012 levels: HIA's Geordan Murray

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New home sales rose 2 per cent in June, the first rise this year, according to the HIA New Home Sales report.
“Despite the monthly bounce in June, new home sales during the entire 2017/18 financial year were 5.3 per cent lower than in the previous financial year,” stated HIA’s principal economist, Tim Reardon.
The increase in sales in June is small in comparison with the fall in sales that has occurred throughout 2018.
New home sales for the first six months of this year are 2.9 per cent lower than in the last six months of 2017.
AMP Capital chief economist Shane Oliver noted despite the first rise this year the "moderate downtrend was continuing."
"The deterioration of sales over the financial year reflects shifts in housing market conditions," noted Mr Reardon.
The availability of credit has tightened over the past 12 months with banks responding to the decline in house prices and the Banking Royal Commission.
Although credit availability has tightened, overall building activity remains elevated when compared with building levels over the past decade.
New home sales rose in all states except Victoria, which have been in decline since February 2018 and declined a further a 0.4 per cent in June.
“Activity in the Victorian market has reached record levels over recent years and has remained elevated well above historical trends and well in excess of growth in other states," stated Mr Rearden.
“The decline in sales in Victoria is well overdue."
“A pickup in new home sales in the other states, particularly NSW, is a welcome reprieve from a year of slow sales," he added.
Sales in NSW were 13.3 per cent lower in 2017/18 than in the previous year.
Sales in NSW picked up in June 2018, by 8.3 per cent compared with the previous month, giving a positive end to an underwhelming year.
Across the other markets, new home sales also rose in Queensland (2.7 per cent) and WA (1.5 per cent) and SA (0.2 per cent).
Mr Rearden stated that “Australia’s population growth has slowed over the past three quarters in response to tighter visa requirements that have constrained inward migration."
The Sydney and Melbourne markets have seen a decline in their rates of population growth since 1 July 2017.
ABS data shows approvals for private sector detached houses fell dramatically in May 2018.
"Approvals data typically trails the new home sales data by three to six months and the dramatic fall in approvals in May is likely to be reflected in the June data,” concluded Mr Reardon.
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New home sales numbers have risen for the first time this year: HIA

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A new-build house at 88 Park Road, Hunters Hill without water views sold at auction last weekend at $5.8 million.
<a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-128032406" target="_blank">The five-bedroom property</a> attracted pre-registrations from five families after over 150 groups came through during the campaign.
Three of them made bids, pushing the result $700,000 up on the $5.1 million reserve.
It was marketed by McGrath with a $4.6 million price guide.
The 700 square metre block sold at $2.3 million in early 2017. 
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Hunters Hill new build trophy home sold for $5.8 million

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The HIA New Home Sales report has found sales volumes declined by 3.7 percent during July 2017 compared with June 2017 nationwide, with ales for the first seven months of this year 4.6 per cent lower than in the same period of 2016.
Tim Reardon, principal economist, HIA said a drop in new apartment sales have contributed to the continuing decline in new home sales nationally since they peaked in mid 2015.
“July’s result was driven by a 15.7 percent decline in multi-unit sales and a more measured reduction in detached house sales," he said.
"The large drop in multi-unit sales this month is in contrast to strong sales volumes late in 2016 and early 2017.
“This trend is consistent with HIA’s expectation that activity will decline modestly from these record high levels over a number of years.
“Victoria was the notable exception – as the only state to grow sales during July 2017. Sales were up by 9.8 per cent on what is already a very high level of activity.
“On the other hand, the Western Australian Government’s First Home Buyers grant ended on 30 June 2017 and as a consequence sales in July fell sharply from what was already a very low base.
"Sales of new detached houses during July 2017 fell by 0.4 per cent nationally to their lowest level since October 2014. Victoria was the only state to experience growth (+9.8 per cent). Detached house sales fell in South Australia (-16.2 per cent), Queensland (-16.1 per cent), Western Australia (-9.1 per cent) and New South Wales (-5.2 per cent) during the month. "
<a href="https://www.propertyobserver.com.au/images/2017/08/29/Screen%20Shot%202017-08-29%20at%2011.51.55%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/29/Screen%20Shot%202017-08-29%20at%2011.51.55%20AM.png" alt="">
 
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