Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more internation and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Residential Development

<html><body>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
GUEST OBSERVER
Robust demand for terraces and townhouses across Frasers Property Australias Sydney communities backs up calls made by NSW Planning Minister Rob Stokes for more medium density housing in established suburbs to meet surging population growth. 
Forecasts released yesterday by the NSW Department of Planning &amp; Environment show Sydneys population is expected to jump by over 2.1 million in the next 20 years. 
Sydney requires 726,000 new dwellings by 2036 and the Minister identified medium density and terrace housing in established parts of the city as the key to meeting this demand. 
Demand for the traditional Sydney terrace design has grown, and Frasers Property has found a ready market for its entire stock of more than 200 terrace-style homes in the past year. 
Its a product type Frasers Property has a lot of experience with. Over the past decade Frasers Property has delivered 1300 terrace-style homes throughout metropolitan Sydney. 
Its clear that demand is there for terrace home product but the challenge is land availability and zoning. Projections of sharp population growth have resulted in many of Sydneys established suburban markets particularly the middle ring being zoned with a bias to high density apartments,said Mr Edgar. 
In principle this seems a reasonable solution. However, strong terrace and townhome sales in our communities suggest that there is a big appetite for medium density product in the middle ring suburbs, and planning conditions that enable medium density housing would be welcomed by the market. 
Existing planning conditions in many middle ring suburbs exclude townhouses and terraces because of minimum lot size requirements. 
Socially and economically sustainable community design arises from a well-balanced mix of medium and high density housing, and there is demand for both.
Great design cant be compromised when creating a variety of housing types that will have enduring relevance for current and future generations. 
When we launched a range of new townhome and terrace designs at Fairwater in Blacktown in 2014 we had more than 3,700 registrations of interest before we started selling. Every stage since has sold strongly.
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
We are finding customers are drawn to the charm and character of the terrace style home so we re-imagined the more traditional terrace design to cater for the modern urban lifestyle, with indoor and outdoor living spaces and greater natural light.
Frasers Property recently released 29 new homes at Fairwater including a number of terraces and townhomes starting from $668,000. 
Tailors Walk in Botany is another case in point, where the re-imagined three and four level contemporary terraces are helping to maintain the character and charm of one of Sydneys most historic areas and proving extremely popular among young families and investors.
Creating a compelling terrace and townhome offering means designing to reflect the surrounding environment and recognising that variety is important, not just to buyers but also in terms of maintaining an attractive and functional streetscape. 
At The Gallery at Botanica, for instance, Frasers Property is turning the historic Lidcombe Hospital site into a superb medium density development through beautifully restoring a number of unique heritage residences from the late 19th and early 20th century into one, two, three and four bedroom residences. There also will be a limited number of newly built homes. 
The historic Lidcombe Hospital site benefits from a unique heritage environment, creating the opportunity and the need to design a variety of housing types that capitalise on the historic setting and satisfy demand for larger properties from growing and extended families.
To meet the expected population surge in Sydney, Minister Stokes also called for a design shift to bigger apartments and again, its a product in which Frasers Property has noticed a big increase in demand. 
Were receiving significant interest in the three bedroom apartments in our communities as buyers increasingly respond to the relative affordability of larger apartments while not wanting to compromise on good design.
For example, at Centrale in North Ryde, with its close promixity to the on-site train station and a plethora of amenities, the three bedroom apartments are proving very popular.
Nigel Edgar is general manager Residential NSW for Frasers Property Australia and can be contacted <a href="https://www.frasersproperty.com.au" target="_blank">here</a>.
</div>
</div>
</div>
</body></html>

jchancellor-FAypfDUnLy

Terraces and townhomes depend on design

<html><body>
Iris Capitol’s new Hurlstone Park residential development, Wattle Hill, launched on the weekend.  
CBRE advised 16 out of 42 apartments sold to a mix of owner occupiers and first home buyers. 
Designed by architects Squillace, it’s prices started with one bedroom plus study from $580,000.
Completion is expected March 2018. 
</body></html>

Wattle Hill, Hurlstone Park sales underway

<html><body>
There were no foreign buyers when Starryland launched the final stage of it's residential development, Promenade Parramatta.
More than 70 apartments sold within the first two hours of the final launch of its 700-unit project. 
Simon Hollows at CBRE said the majority of buyers were owner occupiers and first home buyers 
"The most popular apartments were three bedrooms with all three bedders sold out on the day. 
"There were no offshore buyers in this final stage, all buyers were local," he advised
</body></html>

jonathanchancellor-7SQnKwU6yx

Starryland sells Promenade Parramatta to local buyers

<html><body>
Remember the TV show Deal or No Deal?  
It’s a show where the player has a suitcase that contains an amount of money. They choose cases to eliminate them in the hope to end up with the highest amount which is $200k at the end. Along the way contestants can choose to take the bank deal offered or take a risk and continue to play. They may end up with $200k or with a much smaller sum.
I used to love the show and I’m always yelling ‘take the deal!’ as I vigorously rub the tips of my fingers together (this may sound weird if you haven’t seen the show).  My pleads directed at the TV get louder as the odds get slimmer.  I realised from playing this game even though I’m a property developer, I don’t like to take too much of a risk if it means losing money.
This threw me a bit as I always thought of myself as a risk taker.  Then I worked out that I do like risk, but only calculated risk.
Calculated risk is defined as:  “A risk associated with a certain course of action which has been given full consideration prior to making the decision to pursue that action. This is usually done when the potential gain is greater than any potential harm that might occur.” investorwords.com
The bit I like in this definition is ‘...when the potential gain is greater than any potential harm...’ ah, so that’s why I like risk, it’s what I do everyday; assess the potential gains in a property deal.  Also my job as property development project manager is to ‘give full consideration’ to a development and inform our clients before they ‘pursue action’.
In a way, the show was a bit like property developing.  If you hit the jackpot, there is good money to be made.  Making the decision on what case to chose could be somewhat like choosing a development site. 
If you chose the wrong site, you can uncover a $50,000 problem and eliminate a lot of your profit.  If you chose the right site, you may create $200,000. 
Property developing is about spotting potential and taking calculated risks. That’s why I love it.
Jo Chivers is chief executive officer of property development project managers <a href="https://www.propertybloom.com.au/about" target="_blank">Property Bloom</a><a href="https://www.propertybloom.com.au/">.</a>
</body></html>

jochivers-wq5Bp59R5a

Spotting property development potential and taking calculated risks: Jo Chivers

<html><body>
Real estate investment management firm Qualitas will become an equity investor in Manhattan Terraces, an $80 million dollar medium-density development by Urban Construct, in Brisbane's West End.
Manhattan Terraces will feature 80 terraces will have their own titles, high-end fixtures and private rooftop retreats. 
The deal will see Qualitas invest $15 million as an equity partner, with the investment being allocated to its $200 million Opportunity Fund. 
Tim Johansen, managing director of Real Estate Finance at Qualitas said 78 of 80 terraces are already sold. 
“We expected the development to be popular with locals looking to downsize and young families who want more than an apartment, but still want to be close to the city," he said.
</body></html>

Qualitas invests in Brisbane West End terrace development

<html><body>
A three-tower residential development with key workers such as police, nurses, fire brigade personnel in mind is coming up in Sydney’s Campbelltown.
The 101-apartment project, The Gardens, is being touted as Australia’s largest multi-storey prefabricated timber construction project and also the “largest affordable housing project without any government funding”, according to a media release. 
Building contractor Strongbuild is using Cross Laminated Timber (CLT) instead of traditional concrete and steel for construction. The prefabricated building technologies is expected to reduce the construction time by around off four months and result in cost savings, the release said.
Strongbuild managing director Adam Strong said  CLT has similar characteristics to concrete and steel yet 30 percent lighter. It also offers better thermal performance and requires less energy to heat and cool. 
“CLT is engineered and processed in a factory to be precise, making it fast and efficient to construct,” said Adam.
Construction of the first tower is over and work on the second commenced this week. 
The project includes three residential towers that are being developed by Tier 1 affordable housing provider BlueCHP Limited. The first tower will be sold to private investors or owner-occupiers, while the other two will be earmarked for Key Workers – police, nurses, fire brigade personnel - in Campbelltown. 
Rents will be capped for Key Workers at 30 percent of their wage. 
The regional city’s population is forecast to grow more than 36 percent from its current 158, 394 people in the next two decades.
Warren McGregor, CEO of the national association for off-site construction industry, prefabAUS, says saving four months would mean the client will be operational earlier. 
“It’s a huge advantage having a building project delivered faster, particularly for affordable housing clients like BlueCHP and for projects such as hospitals and schools.”
Housing affordability will be one of the topics discussed at the upcoming national prefabAUS Conference, Delivering Next Generation Buildings, on October 10 to 12 at the University of Sydney. 
Speakers will include Adam Strong, author Paolo Lavisci who has written a book on the design of timber structures, and Harvard alumnus Marc Norman.
</body></html>

Prefab timber housing project in Sydney's Campbelltown targets key workers

<html><body>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The development of the 2500 home project YarraBend combined with the new Chandler Highway bridge, will drive a boom in property prices according to developer Glenvill.
YarraBend has already sold over half of its first release of house and land packages with advertised prices for three to five bedroom homes starting at $1.48 million.
Len Warson, Glenvill chief executive offcer said access to the suburbs North of the Yarra has always been difficult due to the bottleneck at the Chandler Highway Bridge, however with its widening to six lanes, accessibility immediately increases and the entire area is given a boost.
“YarraBend will be new a new Northern gateway opening up a huge parcel of river front land to the public that was previously industrial and inaccessible. This can only have a positive effect on real estate prices in the area,” he said. 
YarraBend will feature architecturally designed free hold homes, townhouses and apartments, a wellness center with indoor pool and sauna, gymnasium, indoor and outdoor gym equipment, playgrounds, parks, green rooftops, as well as outdoor seating and BBQs scattered throughout.
</div>
</div>
Danni Addison, UDIA Victorian chief executive officer said YarraBend would be one of the most environmentally sustainable developments in Australia.</div>
<div class="page" title="Page 1"> </div>
<div class="page" title="Page 1">For more information, <a href="https://yarrabend.com.au/#jOIQ4h4kKjzjRPPy.97" target="_blank">click here</a>.</div>
</body></html>

Victoria's YarraBend development to drive local property prices

<html><body>
The Wanda Ridong Development Jewel on the Gold Coast has named Chinese international property website Juwai.com, as its China marketing partner for the billion-dollar, beach front development. 
Lucas Wilson, Jewel director of sales and marketing said China has more than 100 cities with populations above 1 million and it takes an online platform like Juwai.com to take this investment opportunity to the next level.
“The Gold Coast is undergoing a true transformation into an international gateway city, with easy connections to China, and world-class tourism, retail and service offerings," he said.
“As the sixth largest city in Australia, it is also one of the most bio-diverse, and is gaining momentum faster than cities right across the nation,” he said.
Gavin Norris, Head of Australia for Juwai.com, said last year we saw more than 500 percent growth in Chinese buying inquiries to the Gold Coast. 
"Forty-five percent of those buyers were motivated by investment and one fifth by lifestyle,” he said. 
Jewel can be found on Juwai.com <a href="https://www.juwai.com/25644194.htm" target="_blank">here</a>. 
</body></html>

Juwai.com named market partner for $1 billion Gold Coast Jewel project

<html><body>
Richie Willemsen of Wilmac Developments is selling a newly completed Main Beach, Gold Coast apartment on the second floor of Alta, a boutique development of six high-end residences. It has been listed at $2.4 million.
Set within walking distance of the beach, the river, the light rail and the shops and restaurants of Tedder Avenue, the property comes with three en suite bedrooms.
There's also a study and access to a communal pool and gym at<a href="https://www.realestate.com.au/property-apartment-qld-main+beach-122305866"> the Woodroffe Avenue project</a>.
Michael Vettoretto of Platinum Residences and Darren Curtis of Christie’s International are co-agents on the listing which is a FIRB approved development, completed September 2015.
</body></html>

New Main Beach apartment offering

<html><body>
Even more apartments are planned for Parramatta, but the battle between developers has now morphed into which project has the best sky-high cocktail bar.
A 54 storey residential-hotel high-rise at Parramatta will be sold off the plan next month.
As Sydney's second CBD sees dramatic changes to its skyline, Coronation Property had Woods Bagot design the 8 Phillip Street tower to include a rooftop bar, subject to final approvals.
The five star hotel with rooftop bar will sit above 35 levels of apartments that sit above the existing heritage St Andrew's Church and St Andrew's Hall.
"We are deeply committed to delivering world-class architecture and creating a home that all the local community loves," said Coronation Property managing director Joe Nahas.
"Wood Bagot’s design for ‘8 Phillip St’ will set the benchmark for mixed-use apartment projects not only in Parramatta, but internationally."
"Australia is very fortunate to have some of the world’s best architectural creatives who understand our local culture and bring international expertise to the project.”
There's already another Sky Bar bar planned for Parramatta atop V by Crown (pictured above), the nearby $309 million mixed residential-hotel development which is nearing completion.
The sky bar will open next February.
Designed by Sydney-based Allen Jack + Cottier and Koichi Takada Architects, the V by Crown bar will offer views of the Blue Mountains, Sydney CBD and back to the Sydney harbour.
The internal bar area with direct lift access spreads across 275 sqm of internal space and a 90 sqm outdoor terrace, Crown Group director of sales, Roy Marcellus said.
“There is a huge demand for bars like this in Parramatta; offering luxury style in a relaxed atmosphere," he said.
Developed by Iwan Sunito and Paul Sathio, the 590 luxury apartment block has studios for sale from $550,000, one bedrooms from $729,000, two bedrooms from $920,000, and a three bedroom apartment for sale at $1.2 million.
On the planning horizon, the veteran Lang Walker is developing Aspire tower, a 90-storey block which will need development approval by the aviation authority due to its height.
Bates Smart has been selected to design the $700 million tower which will be Sydney's tallest if completed to plan.
The Parramatta River is also changing face, as the $550 million development, The Promenade is launching its third and final stage of apartments.
Construction has already commenced with completion expected in early 2018. 
A CommBank Property Insights report calculated 1500 unit completions in Parramatta in 2017.
Parramatta and its surrounding suburbs are expected to accommodate 60-70 percent of Sydney’s growth over the next 25 years.
When he was the Lord Mayor of Parramatta Cr Paul Garrard said the development taking place in Parramatta totals $12 billion worth of projects in the pipeline.
"It’s very exciting to see large projects such as this nearing completion and offering new housing to Parramatta’s ever increasing workforce and population.”   
Parramatta’s population is forecast to grow 24 per cent by 2036, from a total of 190,495 to 236,864.  
Estate agent John McGrath recently described Parramatta's property market as on 'serious turbocharge'.
He indicated one of the reasons was the activation of the river which had "for many years been a forgotten waterway."
It's not just the skyline thats been changed but also the street scape, Neil Perry being the latest chef to head out west and join the likes of Jamie Oliver in opening up eateries.
(The architect impression is level 26 at V by Crown)
</body></html>

Residential Development

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Residential Development

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News