<section data-scroll-anchor="false" data-testid="conversation-turn-5" data-turn="user" data-turn-id="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" data-turn-id-container="e65dbe94-e3b6-47f7-b62a-9cbb30c9bf79" dir="auto">Time &amp; Place’s plans to transform the former David Jones factory building in Surry Hills into a mixed-use residential precinct have gone on exhibition through the NSW Government’s In-fill Affordable Housing pathway.</section>

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" data-turn-id-container="request-WEB:f4d533b7-64a5-413d-86fd-5c99649c2b73-2" dir="auto">
The Marlborough House proposal, lodged for the <a href="https://www.apartments.com.au/new-apartments/marlborough-house-47-97-marlborough-street-surry-hills-nsw-2010">47-97 Marlborough Street</a> site, would see the adaptive reuse of the heritage-listed warehouse building alongside the construction of new residential additions and a separate apartment building on the northern portion of the site.

The proposal seeks approval for 172 apartments across three buildings, including 15 per cent affordable housing managed by a community housing provider for at least 15 years from occupation.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="5d1d3c2a-bf13-47d6-a335-7c01102cdee1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.36%E2%80%AFAM.png?VersionId=cjMYrbR.BLUlWH4dar0RVDDo0bG.u2YT" />

Interior view from the Northern Building Penthouse overlooking the park

&nbsp;

The redevelopment is planned for the prominent 3,413 sqm site bounded by Marlborough Street, Goodlet Street and Lansdowne Street, directly opposite Eddie Ward Park and around 200 metres from the Surry Hills light rail stop.

Time &amp; Place acquired the former David Jones building in 2024, marking the first time the property had changed hands in around 50 years.

Designed by Wardle, the proposal centres around the adaptive reuse of the former David Jones factory, originally constructed between 1913 and 1935 in the Inter-War Chicagoesque architectural style.

Wardle noted in its Architectural Design Report that the building “occupies a significant place in the industrial and cultural history of Surry Hills” and at its peak was “the largest department store manufacturing facility in Australia, employing over 800 people and fuelling the growth of Sydney’s fashion and retail industries.”

The practice said the project positions itself “not as an isolated intervention, but as a contributor to the civic, social, and architectural grain of the precinct.”

The proposal would deliver 75 apartments within the retained southern heritage building, 59 apartments within the central addition, and a further 38 apartments within the new northern building fronting Lansdowne Street.

Planning documents show the scheme would comprise a mix of heritage apartments, new-build apartments, townhouses and penthouses.

<img alt="Marlborough" data-entity-type="file" data-entity-uuid="57758518-40a3-4b83-958c-d06e96a2cffa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.42%E2%80%AFAM.png?VersionId=VerlX9ST5xgBi8.1_YRsqdWTJeT6ygjs" />Interior View of the Heritage Building Apartment

The development would also include a ground-floor retail tenancy on the corner of Marlborough and Lansdowne streets, rooftop communal open space, a landscaped pedestrian link along the western edge of the site, and basement parking accessed from Lansdowne Street via a car stacker system.

&nbsp;

The scheme emerged from a competitive design process run by Urbis, with Wardle ultimately selected as the winning architect ahead of FJC Studio, TZG, Architectus and Wilkinson Eyre.

The Design Integrity Panel later described several aspects of the Wardle scheme as fundamental to the project, including “the stepped character of the new addition to the north of the site”, the landscaped western pedestrian link, and the “garden arrival” experience separating the original Marlborough House from the heritage addition.

Wardle’s design heavily references the site’s industrial and heritage history, while also responding to the surrounding Surry Hills streetscape.

The Architectural Design Report describes Surry Hills as “a finely grained neighbourhood with beautiful and expressive brickworks throughout the suburb,” with the proposal introducing a material palette intended to sit comfortably alongside the existing warehouse fabric and neighbouring terraces.

The report also outlines the project’s relationship with Eddie Ward Park and the broader landscape context of the area.

“Marlborough House occupies a site of deep cultural memory and the neighbouring Eddie Ward Park is of local ecological significance, where natural systems, topography, and stories have long shaped human experience,” Wardle noted in the report.

The architects said the proposal sought to “rebind built form to Country” through landscape, materiality and the adaptive reuse of the heritage structure.

<img alt="Marlborough House" data-entity-type="file" data-entity-uuid="9ae3f2f9-c85f-477a-a6f8-b43f6cb97c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.29.53%E2%80%AFAM.png?VersionId=B.qUCLqRvJOR.n9CvYcTpaknIX9LuqKZ" />

The project is also being progressed under the NSW Government’s in-fill affordable housing provisions, allowing developments that include affordable housing to access additional height and floor space incentives.

Under the plans, 2,593 sqm of the project’s floor space would be dedicated to affordable housing, slightly exceeding the required 15 per cent threshold.

In its Design Excellence Strategy, Urbis said the project aimed to “sensitively adapt and enhance the heritage-listed building on site through alterations and additions that preserve its historical significance” while delivering “high-quality market and infill affordable housing development in Surry Hills.”

Time &amp; Place has been one of the most active developers nationally in the last 12 to 24 months. Late last year they completed&nbsp;The Queensbridge in&nbsp;<a href="https://www.apartments.com.au/developments/southbank-vic-3006">Southbank</a>, a mixed-use tower with 353 apartments and a hotel. They are currently selling Park Modern, 246 apartments near the famous Botanic Gardens in&nbsp;<a href="https://www.apartments.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, and have future projects, <a href="https://www.apartments.com.au/new-apartments/the-wilmot-173-burke-road-28-hope-street-glen-iris-vic-3146">The Wilmot</a>&nbsp;in&nbsp;<a href="https://www.apartments.com.au/new-apartments/glen-iris-vic-3146">Glen Iris</a>, the redevelopment of the Northcote Plaza, and another tower in South Melbourne.

The developer broke into Sydney just a few years ago with Two Tides in Manly. They have another project nearby, which is at the ultra-luxury end of the market on&nbsp;<a href="https://www.apartments.com.au/buildings/shoreline-manly-beach-89-90-north-steyne-manly">North Steyne</a>, fronting the beach.

It is also continuing to work through the <a href="https://www.apartments.com.au/news/nsw/first-look-time-place-settles-on-design-for-the-chimes-potts-point-redevelopment">redevelopment of The Chimes building</a> on Macleay Street in&nbsp;<a href="https://www.apartments.com.au/developments/potts-point-nsw-2011">Potts Point</a>, as well as a project on <a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Mosman's Redan Street</a>.
</section>

Joel Robinson

First look: Time & Place unveils Marlborough House redevelopment designs for former David Jones warehouse in Surry Hills

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

Residential Development

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Developers of the Banyan Tree Residences in Brisbane have won awards for the Queensland development in the categories of Best Apartment/Condominium for Australia and Best Development Marketing at the 2017 International Property Awards.
Banyan Tree won three awards for their branded residences project in Brisbane, Australia and Phuket, Thailand.
Ho Kwon Ping, Banyan Tree executive chairman said it is wonderful to have the project recognised as Best Apartment/Condominium and for Best Project Marketing, especially as they progress towards the start of construction.
"The Banyan Tree concept for luxury branded residences is unique in the Australian market," he said.
"We have welcomed many new owners since our launch late last year, with a mixture of local buyers as well as those from overseas, including existing Banyan Tree owners.
"In addition, our new partnership with Vanke, one of China’s largest developers will enable the introduction of our Brisbane project to their extensive network of high end Chinese buyers.”
Banyan Tree’s Brisbane residential development sits on the Kangaroo Point Cliffs and features 76 luxury two and three bedroom apartments including 3 magnificent penthouses.
The development features a 24-hour concierge service, spa, restaurant and resident gymnasium as well as rooftop garden, private function room, barbeque facilities, and an infinity pool.
A fully fitted out display suite is situated at 48 River Terrace, Kangaroo Point. 
For more information, <a href="https://www.banyantreeresidences.com/brisbane/homepage" target="_blank">click here</a>.
The Lake Macquarie Trinity Point residential development received two awards at the Asia Pacific Property Awards 2017-2018.
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jonathanchancellor-7SQnKwU6yx

Banyan Tree Residences Brisbane win at 2017 International Property Awards

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Harry Triguboff’s Meriton group has launched the first stage of its Sydney Olympic Park residential development The Retreat.
The development will feature more than 1200 apartments.
The Retreat is being built on a 5.17 hectare site at 5 Carter Street bought from the Goodman Group for $245 million two years ago.
The first stage will have two elliptical buildings. The North tower will be 22-storeys high and feature split-level loft-style designs, apartments with rooftop entertaining and barbecue areas and penthouses with four bedrooms and two bathrooms.
Harry Triguboff said The Retreat, being developed opposite the ANZ Stadium, is all about green open space, recreation and leisure.
“The Sydney Olympic Park precinct is a very exciting area and we are offering you an opportunity to purchase in the first release before we develop all four stages," he said.
“We have made sure at The Retreat that we provide residents with apartments, resort facilities, shops, a 113-place child-care centre and serviced apartments that complement and add to those attributes.
“We expect to finish the site in the next five years and once completed, we believe prices will rise considerably.
“The Sydney Olympic Park precinct is an idyllic choice for anyone wanting to escape the fast pace of life and more congested living of the city’s heart.”
James Sialepis, Meriton’s director sales, said The Retreat would be ‘in tune’ with the green atmosphere of the Sydney Olympic Park area and a perfect choice for new home buyers.
“The Retreat will have an extensively turfed 2500 square metre central park, with walking and cycling pathways," he said.
“On the third floor of stage one there will be podium gardens where residents will be able to barbecue, dine under cover, or just soak up the views.
“We’ve almost been caught off guard by the demand we’re experiencing for our projects with landscaped gardens and parklands, especially from families and first home buyers, in areas like Lewisham and Sydney Olympic Park.
“The Retreat will be the same and first home buyers will be chasing the great launch prices, with many apartments under $750,000.”
Sialepis said the first stage of The Retreat architects, the SJB group, had designed buildings with glass-faced apartments that capitalised on views across Bicentennial Park and the Parramatta River to the Sydney CBD and the harbour bridge.
Stage one of The Retreat has 149 apartments, some of them the biggest in the area, and they range from one-bedroom through to four-bedroom penthouses with rooftop terraces.
The apartments will start at $585,000 and peak at $2,800,000 for one of the split-level penthouses.
Stage one is expected to be completed by March 2019.
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mick.cee-iDmgDDAmu8

Meriton launches Olympic-standard lifestyle haven

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Development firm Match won two awards at the 2017 Western Australian Heritage Awards for work rebuilding Fremantle’s iconic Dalgety Wool Stores into residential industrial warehouse apartments.
The heritage restoration project, worth $130 million, won the  ‘Conservation or Adaptive Reuse of a State Registered Place’, and the prestigious Gerry Gauntlett Award.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.10%20AM.png" alt=""> 
The development, named Heirloom, kept over 85 percent of heritage fabric across 183 apartments and included the rebuild of the saw tooth roof.
The site had been unused for 20 years.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.06%20AM.png" alt="">
Managing Director of parent company M/Group, Mr Lloyd Clark, said to be honoured so significantly at the Western Australian Heritage Awards is a credit to the tireless work of the entire project team, who left no stone unturned to make this building as special as it now is. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.57.01%20AM.png" alt="">
“Match is in the business of developing signature properties," he said.
"It is our firm belief that people want more from their homes, and today new apartment owners are creating their own space amidst 100 year old Jarrah beams and original heritage features. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.25%20AM.png" alt="">
“Drawing on our experience with heritage renewals, we knew from the outset that this project would present challenges, however we also saw it as an extremely important opportunity.
“Heirloom is unquestionably Match’s most significant development project in the company’s 16 year history.
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.37%20AM.png" alt="">
"Its location close to Fremantle’s café strip and between the river and the beach is ideal, and it has helped to activate the City of Fremantle’s plans to extend Fremantle’s activity centre into its eastern corridor gateway."
Mayor Brad Pettitt said the Fremantle Council said t’s hard to imagine a better result than what we now see at Heirloom. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.45%20AM.png" alt="">
"After being tired and run down for decades, the east end of Fremantle has become a very attractive place to live and work," he said.
"The Heirloom development has been a major driver in this ongoing transformation."
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2010.56.55%20AM.png" alt="">
The project was developed in collaboration with capital joint venture partner, Sirona Capital. 
<img src="https://www.urban.com.au/images/2017/05/30/Screen%20Shot%202017-05-30%20at%2011.02.36%20AM.png" alt="">
Heirloom features apartments from $450,000 and two-bedroom apartments from $650,000, with a limited number of harbour facing Lofts available from $950,000. 
The Heirloom display apartments are open by appointment. For more information visit <a href="https://www.heirloombymatch.com.au/" target="_blank">www.heirloombymatch.com.au</a>.
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Heritage awards for massive restoration of Fremantle's iconic Dalgety Wool Stores

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Cranes in the sky provide insight into the constructor sector, especially when it comes to residential unit supply.
To illustrate the scale of construction in Sydney alone, which has more than 50 percent of all cranes in Australia, the residential crane count rose to 292 in March this year from just 62 in September 2014.
AMP Capital’s latest weekly economic and market update points to the crane numbers as an indicator that home price growth has peaked in Sydney and Melbourne and that price declines lie ahead, particularly for units. 
In explaining its outlook, AMP Capital says “the latest Australian bank rating downgrades tell us nothing new but the drip feed of negative news around the property market in Sydney and Melbourne is continuing to mount: surging unit supply, bank rate hikes, tightening lending standards, reduced property investor tax deductions, ever tighter restrictions around foreign buyers”.
<a href="https://www.propertyobserver.com.au/images/2017/05/26/CraneAMP.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/26/CraneAMP.png" alt=""> 
Residential cranes soared to 292 around Sydney which accounts for 45% of all Australian cranes and 53% of all residential cranes in Australia, the RLB Crane Index indicates. 
An analysis of the last crane index, based on September's count, showed over a third of the cranes building Australia's next wave of apartments due for completion in the coming two years are in the ‘blacklisted’ postcodes of lenders, meaning banks view them as risky suburbs to lend, the Australian Financial Review reported. 
The settlement risks, compounded by China’s crackdown on outflows and Australian banks’ tightening of credit to Chinese investors, could point to a crisis.
According to the March count, residential cranes in Sydney jumped by 34 to 292 from 258 six months earlier. In Melbourne, the number of residential cranes rose by a net 13 to 122 from 109 in September, but remained below the total 124 counted a year ago. 
Ofcourse the biggest concerns of an oversupply of apartments are in Melbourne.
<a href="https://www.propertyobserver.com.au/images/2017/05/26/CraneCount.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/26/CraneCount.png" alt="">
As to the broader crane index, the number of cranes on the skylines of seven of 10 cities counted fell to a total 654 in March from 666 in September, driven by a decline in the number of cranes on commercial, education and public projects. 
This was the first decline in the total number of cranes across Australia's skyline since Rider Levett Bucknall (RLB) Oceania Research &amp; Development and Communication teams created the RLB Crane Index in 2012.
But even as residential cranes dominated the count – and increased to 548, or 84 per cent of the total – the sector showed further signs of the slowdown that was first apparent six months ago. While apartment-heavy Melbourne increased its number of cranes after September's fall, it failed to make up all of that lost ground. Brisbane declined further.
The report also reflects the moves by developers to smaller-scale projects in inner-ring suburban away from large CBD projects. 
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Crane count indicates home price growth may have peaked in Sydney and Melbourne: AMP Capital

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A development site with permit for residential units in Camberwell has sold for $2.3 million through Savills as demand for apartments in Melbourne’s leafy inner east rises.
The <a href="https://www.realestate.com.au/sold/property-residential+land-vic-camberwell-201773630" target="_blank">584 Camberwell Road</a> site was listed for auction on May auction, but the deal was struck in April.
The site was bought by an offshore buyer at a record rate per unit of $383,000, according to Savills.
This, along with another sale at Armadale, totalled a record $9.3 million for land and unit prices.
The corner site has a landholding of 577 sqm and comes with an approved permit for a luxury apartment project with oversized apartments.
The majority of apartments, once constructed, will enjoy views of the picturesque Fordham Gardens. 
The location is close to shops, schools and public transport. 
The selling agents were Nick Peden, Jesse Radisich and Benson Zhou of Savills.
“Demand for apartment development sites in Melbourne has been very strong over the last few years and it remains so and particularly for boutique developments in suburbs in the coveted inner east,” said Peden.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/25/Camberwell2.jpg" alt="">
The Urban Planning Committee had earlier reviewed the proposal for a three-story building comprising six apartments, car parking and some alterations at Camberwell.
The Boroondara City Council’s urban designer had concluded that the building would not impact the neighbourhood character or nearby residential properties.
This permit would expire if development does not start within two years of the issue date and if construction isn’t complete in four years from the date of issue.
Among the other recent land sales in Camberwell is one at <a href="https://www.realestate.com.au/sold/property-residential+land-vic-camberwell-201621962?cid=pdp:recent-sales" target="_blank">4 Garden Road</a>.
The 1040 sqm land parcel changed hands for $2,305,000 late in 2016. It was touted as ideal for development subject to approvals. The zoning was General Residential 1.
Another was a land parcel at <a href="https://www.realestate.com.au/sold/property-residential+land-vic-camberwell-201651042?cid=pdp:recent-sales" target="_blank">23 Derby Street</a>, which fetched $4.6 million. The 1,363 sqm site is close to Riversdale station, shops and restaurants.
Peden said apartment demand was being driven by population growth, the recent trend to downsizing and remaining in the same suburb, lifestyle and by location.
March figures from the ABS put Melbourne’s population growth at 2.4 percent in 2016 – the fastest in the nation - (Brisbane grew 1.8 percent and Greater Sydney 1.7 percent) while four of the five fastest growing suburbs in Australia were in Victoria.
Camberwell has a current townhouse offering, The Davis. Conceived by Ascui &amp; Co Architects, the four homes on Davis Avenue are priced through Marshall White <a href="https://thedavis.com.au" target="_blank">from $2.215 million</a>.
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Camberwell site with permit for luxury apartments sells for $2.3 million: Savills

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Cross-border buying of residential development sites in Asia-Pacific has been rising over the past decade.
When comparing 2016 to 2007, the number of such acquisitions from overseas investors more than doubled, with volumes hitting nearly more than US$42 billion last year, according to Knight Frank’s latest research. 
Australia figures in the top five residential land investment destinations in Asia-Pacific from 2012 to 2016.
In the past decade, investors from Hong Kong and mainland China contributed 80.2 percent of the total money spent on acquiring overseas residential lands within Asia-Pacific, says the Asia Pacific Residential Review - May 2017 by Knight Frank.
<a href="https://www.propertyobserver.com.au/images/2017/05/22/Chart1.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/22/Chart1.png" alt="">
On the surface, Hong Kong is the front-runner with 74.5 percent of the market share but in fact the most acquisitive companies have roots in the mainland. 
Other notable players include Singapore (7.3 percent), United States (3.2 percent), Japan (2.4 percent), Malaysia (1.7 percent) and United Arab Emirates (1.1 percent).
From 2012 to 2016, the top five overseas residential land investment destinations in Asia-Pacific were ranked in the following order: China, Singapore, Australia, Singapore, Malaysia and Hong Kong. 
Hong Kong and Australia saw investments into their countries increased by about nine times and 26 times respectively during this period, while Malaysia grew from practically zero foreign investment into residential development sites in 2012 to over US$1.4 billion in 2015. Meanwhile, the average investment into Singapore’s housing land from 2012 to 2015 was about US$1.6 billion but it declined to US$671 million in 2016.
“We also note that developers have been acquiring more expensive, less prime and smaller sites. On a CAGR basis, average quantum price and price per sq ft have grown gradually– increasing 4.7 percent per year from US$154 million to US$242 million and 15.9 percent per year from US$47 to US$208 per sq ft,” says the report.
For land size, the acquired sites now have much smaller land area – averaging 32 acres today compared to 65 acres 10 years ago. Likewise, the percentage of acquired sites that are in a CBD area has dropped tremendously – from about a fifth in 2007 to just 6.0 percent in 2016. 
The growth in outbound activity by mainland Chinese developers has been one of the key trends over the past decade, with volumes going from practically zero in 2009 to more than US$2.5 billion in 2016. 
From 2012 to 2016, their favourite destination was Australia (36.5 percent) along with other key markets include Hong Kong (23.7 percent), Malaysia (19.7 percent) and Singapore (15.4 percent). Among a flurry of cooling measures introduced in major Chinese cities along with the capital controls imposed earlier this year, we expect Chinese developers to put more money into Hong Kong and smaller Tier-3 Chinese cities this year. In the first quarter of 2017 alone, Chinese developers invested over US$5.1 billion in the region, with more than US$4.9 billion or 95 percent concentrated in Hong Kong.
In Q1 2017, we continue to see more cross-border investment activities in Asia-Pacific – with close to US$10 billion representing 15.2 percent of the total sales volume. In addition, this is also the highest Q1 figure ever recorded since at least 2007. Three of the top five deals transacted in Hong Kong and were all purchased by Chinese developers; the rest of the top ten deals were in mainland China. 
As many residential markets mature over time, the hunt for the next high-yielding property development opportunities may happen in selected developing countries such as Cambodia, the Philippines and Indonesia. Investors and developers will find these locations attractive given the consistently high economic growth, huge young population, rapid urbanisation rate combined with the rising need for different housing types. Similarly, developers may also choose to invest in selected hot spots in mature economies such as Kyoto in Japan, suburbs near major cities in Australia and the city fringe in Singapore.
<a href="https://www.propertyobserver.com.au/images/2017/05/22/Chart2.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/22/Chart2.png" alt="">
From 2012 to 2016, domestic developers and investors purchased 58.4 percent of residential development land in Australia, while the largest foreign developer group hailed from China (23.4 percent). Last year, Chinese developers and investors purchased $2.4 billion worth of residential development sites in Australia – a 9.4 percent increase from 2015. Boasting an economy record without recession for over 25 years, Australia has also seen a steady population growth partially fulfilled by a healthy immigration rate especially the high net worth individuals.
Read the full Asia-Pacific Residential Review Report May 2017 <a href="https://www.knightfrank.com/research/asia-pacific-residential-review-q1-2017-4658.aspx">here</a>.
 
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Overseas buying of residential development sites in Asia Pacific doubled from 2007-16: Knight Frank

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One of Byron Bay’s largest residential subdivisions has achieved record prices.
Around two thirds have been sold as the final stage hits the market.
Developed by Unison Projects, Seacliffs Byron Bay is a rainforest fringed enclave.
Some 73 per cent of the estate is maintained as a nature reserve and a wildlife corridor for native animals.
The $20 million Seacliffs Byron Bay development features 34 elevated lots within a 16 hectare eco-friendly hinterland estate.
Some come with ocean views.
Unison Projects founder Jonathan Levy remarked that stage one of 11 completed lots on Hayters Drive, Suffolk Park, sold out quickly.
He added one had since achieved a record house price for the suburb.
Additionally, seven of the second stage of eight lots have been sold, with five of the 16 lots in the third and final stage also already traded.
“The response to Seacliffs has been fantastic particularly from the local market as most of our buyers were already living in the Byron Bay region,” Levy said.
“The project has proven that Byron buyers are back.”
McGrath agent Nick Dunn added that stage three home lot sites range from 616 sqm to 1156 sqm.
The prices are between $600,000 and $660,000, set just a few minutes to Tallow Beach and the Suffolk Park shops, and only eight minutes to the heart of Byron Bay.
“Seacliffs is where the hinterland meets the sea,” Levy said.
 
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Final stage of Byron Bay development Seacliffs hits market

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Palmview’s largest masterplanned community, Harmony, has fast-tracked the release of its latest land lots.
The $3 billion residential project is located on the Sunshine Coast, within close proximity to amenities including the University of the Sunshine Coast, the new Kawana healthcare precinct and shopping strips at Sippy Downs and Kawana.
Developer AVID Property Group has now released an additional 91 land lots at Harmony, following an increased appetite for affordable land options in the region and the median price of land rising by almost 5 per cent from 2015 to 2016.
“Residential property demand is surging in the region and as prices continue to rise, buyers are increasingly looking for affordable land options,” said Bruce Harper, AVID Property Group Queensland general manager.
“With new land lots starting from $218,400, the masterplanned community is catering to wide range of buyers and delivering affordable land lots in the heart of the Sunshine Coast,” he explained.
The population of the Sunshine Coast projected to grow to almost 453,000 by 2036, with Harmony anticipated to deliver more than 4,800 homes for 12,000 future residents.
“As one of Australia’s premier lifestyle destinations, there’s no wonder buyers are flocking to the area with its pristine beaches and beautiful hinterland right at your doorstep,” Harper added.
Since its official launch last year, Harmony has become the first ‘6 Leaf’ EnviroDevelopment masterplanned community to be certified in South East Queensland by the Urban Development Institute of Australia.
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Harmony land release to meet demand on Sunshine Coast 

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Some 24 three and four bedroom townhouses are slated for development alongside the grounds of the former Katoomba Golf Course.
The residential development, titled Escarpments Estate, is a partnership between Glenstone Group, Andrew Mencinsky and London 2012 Olympian turned property developer, Edward Fernon.
The former golf clubhouse and golf course will be redeveloped with the ex-clubhouse turned into a restaurant, health and fitness centre, and a golf shop servicing the Blue Mountains’ only driving range.
Fernon said it’s important that new developments in the area are unique and provide something valuable for the community as well as the new residents.
"Escarpments Estate will give townhouse buyers and the local community alike rejuvenated parklands and fantastic amenities that will really make the Blue Mountains area a notable option for those looking just outside of Sydney," he said.
"Where else can you match natural beauty with world-class amenities so close to one of the world’s major cities?
"In light of the Federal Budget 2017 plan announcing financial incentives to encourage older property owners to downsize, I expect interest in developments like Escarpments Estate to significantly increase."
Townhouses feature a range of fittings and fixtures from brands such as Smeg, Miele and Dulux. All the townhouses will look out over the former golf course,  which will be turned into acres of impressive parklands featuring walking paths, cycling trails and ponds. 
Dominic Hogan, director of Glenstone Group said interest in the Blue Mountains is sky rocketing,.
"Escarpments Estate townhouses will provide the best modern living has to offer on the Blue Mountains’ biggest backyard," he said.
"They are well appointed with a range of options to suit individual tastes, just 3.5 kilometres to Katoomba village with its shops and transport, and virtually next door to the Three Sisters and Scenic World.
Escarpments Estate has begun development with the townhouses already available to purchase off the plan. Local Blue Mountains agents Milton Player and Jonathan Crisp of Chapman Real Estate will oversee sales.
The development officially launches Friday 26th May 2017. To register your interest visit <a href="https://www.escarpmentsestate.com.au" target="_blank">www.escarpmentsestate.com.au</a>
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Olympian purchases former Katoomba Golf Course 

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<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/08/WATERFALL%20LOGO_MONO-2.jpg" alt="" width="229" height="211">
SPONSORED POST
Leading Sydney developer, Crown Group presents Waterfall, the company’s most ambitious project to date.
It draws its inspiration from the 7 storey waterfall that cascades spectacularly down one of the building’s four elemental buildings.
The vision for Waterfall by Crown Group is to bring a green revolution into Sydney’s architecture.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-09%20at%208.09.36%20AM.png" alt="" width="644" height="441">
‘Waterfall by Crown Group is a testament to our continual push to create contextually appropriate, innovative residential developments which are relevant to today’s society’’ Chairman and Group CEO, Iwan Sunito
Designed by award winning architects, SJB and featuring a specially commissioned public artwork by Mika Utzon Popov (grandson of Sydney Opera House architect Jorn Utzon).
Waterfall harnesses the power of one’s natural surroundings, providing an alternative environment to combat the stresses and strains of modern life.
<img src="https://www.urban.com.au/images/2017/05/08/Screen%20Shot%202017-05-09%20at%208.08.32%20AM.png" alt="" width="604" height="391">
The $395 million project will be located at 18 O’Dea Avenue, Waterloo. It boasts 331 apartments, a rooftop infinity pool, a cantilevered gym that overlooks the city, a sky garden and terrace, a function room and six onsite retail outlets.
The luxury apartments will be released for sales at a grand launch on 17th June 2017.
Crown Group is now accepting registrations of interest at <a href="https://waterfallbycrowngroup.com.au" target="_blank">waterfallbycrowngroup.com.au</a>.
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