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" />

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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

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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.

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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 international 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

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A Fitzroy property which was put to the market at 11.45am on Monday morning sold at 2.30pm in the afternoon in the quickest sale of the year and a demonstration of the hot market for development sites in Melbourne.
The property, 44-46 Greeves Street is a 500 square metre building on a 450 square metre site and sold for $3.2 million to a local developer with plans for a boutique apartment project and sold with a short term lease
Clinton Baxter, Savills state director - CBD &amp; Metropolitan Sales said the purchaser had been an under-bidder for a property at 71-75 Argyle Street, Fitzroy which Savills sold last month to Piccolo Developments for $7.8 million.
"Currently, there are no freestanding commercial properties on the market in Fitzroy, so the timing couldn’t have been better,’’ he said. 
"The fact that the property was passed in at auction for $2.9 million by another agent last year clearly demonstrated the ongoing growth and demand in the market for boutique inner-suburban development sites.
"The vendor, a local investor, purchased the property in 1986 for $190,000 and has sold at an appreciation rate of $100,000 per year for 30 years."
 
 
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jonathanchancellor-7SQnKwU6yx

Fitzroy development site snapped up same day through Savills

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An off-the-plan 300 sqm apartment at Manly on Sydney's northern beaches as been sold for $9.5 million at developer CostaFox's first project.
The Bower Street apartment fetched $33,800 a square metre - the highest price paid for the suburb when sold to a local buyer.
The previous Manly record was set in 2008 at $30,000 a square metre for the $12.2 million sale of an apartment at 133 North Steyne Road, Manly, according to the Australian Financial Review.
Architect Koichi Takada designed its nautical theme for the prior developers who have sold the project onto CostaFox which was founded by Michael Fox, the former chief executive of Little Projects. 
His new company is a joint venture with Costa Asset Management.
Four of the six apartments at CostaFox's 1189sq m Bower Street project at 102 Bower Street have sold on launch.
Buyers include Julie Meldrum, the corporate communications operative, and her husband Murray Millsom, a former TV producer, who recently had their nearby home listed at $6 million.
Construction of the project will start next month and be completed in 2018.
The project was initially launched in early 2015 as The Bower through Lloyds Property agent Haig Connolly with prices of between $3.9 million and $8.9 million.
The 1189sq m site with two exisiting blocks and frontages to Bower St and Marine Pde was then offered for sale, and went under contract late last year.
But Tim Grosman, national director with CBRE, told The Manly Daily the sale had failed to complete, and the owners had decided to re-offer the property.
<a href="https://www.realcommercial.com.au/property-land+development-nsw-manly-501831074" target="_blank">It resold</a> in March when developer Victor Fong of MV Projects secured $13.1 million.
Earlier this year there was the $7 million plus sale of coal miner Tony Haggarty’s Manly apartment overlooking Fairy Bower.
The four bedroom, three bathroom 430 sqm, Vince Squillace designed apartment is spread over two levels with a terrace with a glass walled plunge pool.
On the North Steyne promenade there was a $5,125,000 sale.
The Manly record still stands at $12.2 million when a five bedroom sub-penthouse down the road sold to the co-founder of Greenhill Caliburn, Peter Hunt and wife Ellie.
The Hunt couple bought the apartment off the plan with lap pool in 2008 in the Susan Rothwell designed Waillea building.
 
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jchancellor-FAypfDUnLy

$33,800 Manly price per sqm record paid

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Construction of Pointcorp's apartment development Fabric in Brisbanes' Teneriffe is slated to begin late this year with 73 apartments across 7 storeys to be complemented by 2018.
The development, on Florence Street and Commercial Road, 2.5 km from Brisbane’s CBD, features interiors designed by Cottee-Parker and will offer  cityscape and riverfront views and will include residents-only yoga and reflection retreat, pool, sundeck, designer furnishings, barbecue facilities and private dining areas.
<img src="/images/2016/07/20/700_fabric2.jpg" alt="">
The development is influenced by neighbouring wool stores and warehouses surrounding as well city loft conversions in New York City.
Residents can choose between light and dark interior colours  with kitchen areas featuring integrated Miele appliances, down lighting and generous cupboard storage as well as bespoke feature walls and black framing elements.
For more information, <a href="https://fabricteneriffe.com.au" target="_blank">click here</a>.
 
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Brisbane's Teneriffe set for sleek new residential address by Pointcorp

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Almost 20 percent of office space in the $1.25 billion development by Cbus Property at 447 Collins Street Sydney has been taken.
International law firm King &amp; Wood Mallesons firm will lease 8300 square metres across levels 23 to 27, equating to approximately 20 percent of the development’s 49,000 square metres of NLA commercial space.
The dual tower project designed by SHoP architects and Woods Bagot will be connected by a sky-bridge is located on a unique 6000 square metre island site. 
The development will also feature 294 five-star hotel rooms, wellness centre and conferencing facilities, and residential apartments and is leased through Colliers International.
Colliers International national director of office leasing, Andrew Beasley, said demand for the development was already outperforming other projects in the CBD, with tenants keen to satisfy staff demand for amenity and wellbeing. 
"A desire to upgrade and relocate to new premises to avoid the disruptive nature of churning in their existing premises, was also driving enquiry," he said. 
“The interest received has already exceeded our expectations of the market. We anticipate being able to announce further details over the course of the next few weeks."
 
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Cbus Property announces first 447 tenant

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Crown Group has issued an update on their latest development project, the $395-million Waterfall by Crown Group, five kilometres from Sydney's CBD.
Located at O'Dea Avenue, Waterloo, it will feature four buildings, 331 apartments, vertical gardens and a rooftop infinity pool.
There is also going to be a seven storey water wall and a rainforest-inspired bamboo-covered walkway. 
<img src="https://www.urban.com.au/images/2016/07/18/unspecified.jpeg" alt="" width="687" height="911">
It is designed by architects SJB. Crown Group chief Iwan Sunito said it will create a green revolution in Sydney’s architecture.
“With Waterfall by Crown Group we set out to revolutionize the use of green space in residential developments; breaking away from tradition to cater for people looking for an escape from the hustle and bustle,” he said.
“It is everyone’s desire to find a place of escape; a place of tranquility. 
“Waterfall by Crown Group provides a sense of place, where people can feel both a connection with nature and the urban environment at once,” he added.
<img src="https://www.urban.com.au/images/2016/07/18/unspecified-1.jpeg" alt="">
International supermodel Paula Verhoeven is the face of the project, with construction set to begin next year and scheduled for completion in 2019. 
Waterfall by Crown Group will be released for sale at a grand launch in late-2016.
  For more information, <a href="https://www.waterfallbycrowngroup.com.au" target="_blank">click here</a>. 
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Waterfall by Crown Group at Waterloo unveiled

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Miranda in the Sutherland Shire has fresh DA-approved plans for a 66 residential apartment development.
Located at <a href="https://www.realcommercial.com.au/property-land+development-nsw-miranda-502032710" target="_blank">1-3 University Road, 668A, 668 and 670 Kingsway</a>, the 2872 sqm site will feature the residential building as well as two large town-home-style ground-floor apartments with garden terraces and upper floors with views over Cronulla.
The apartment mix is approved for 27 percent one bedroom apartments, 71 percent two bedroom and 2 percent three bedroom apartments.
The development site is expected to sell for more than $12 million.
Knight Frank agents Dominic Ong, Tim Holtsbaum, Andy Hu and Adam Bodon are managing the sale on behalf of a private family.
Head of Asian Markets Dominic Ong said it is likely to attract locally-based Asian developers. 
“We expect this premium, DA-approved site to appeal not only to a traditionally locally-dominated market, but also to attract the attention of astute developers in the wider Sydney market looking to capitalise on a core development opportunity with strong fundamentals," he said.
“The site is located close to Westfield Miranda, which recently underwent a $475 million redevelopment, and features large-scale retailers including Apple, Uniqlo, David Jones and Myer."
According to Knight Frank’s Director, Residential Site Sales, NSW Tim Holtsbaum,this is a sought-after location which will appeal to local developers and investors as well as local Asian investors. 
“Miranda and the Sutherland-Shire area is a well-established owner-occupier market," Tim said.
"The residential apartments will appeal to a broad range of local investors, including families and those seeking to downsize to large, two-bedroom apartment – a continuing trend.
“This is a rare opportunity to acquire a DA-approved site within such close proximity to infrastructure – there aren’t many opportunities such as this to buy in the area.
"A developer could be in the market selling the units fairly quickly, given the existing approvals." 
“There’s also a marketing suite onsite that can be utilised by an incoming developer to sell the units, which will be useful during the residential sales process."
 
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Sutherland Shire set for new 66 apartment development

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A joint project by Brookfield and Cbus Property, Classic East Melbourne, is set to restore the historic Clarendon Street Mosspennoch House into six prestige apartments.
Classic East Melbourne, located beside Pullman on the Park, is a collection of three unique residential buildings featuring 67 large-format apartment residences in total.
It will also add a new seven level building, 22 Clarendon, next to Mosspennoch, complete with 11 half-floor apartments and a full-floor penthouse with wrap-around balcony with 360 degree views. 
A new fourteen level building, Parade, on Wellington Parade, featuring 49 apartments, including two penthouses.
The development is Designed by Bates Smart, with heritage architect Lovell Chen overseeing the restoration of Mosspennoch.
Bates Smart Studio Director Steve Jones said they wanted to create a collection of residences that blends the requirements of contemporary lifestyle with the grand style of living that is synonymous with East Melbourne.
“As a landmark site it required a sophisticated architectural response that is as timeless as the suburb of East Melbourne itself, while incorporating stunning views to the surrounding Fitzroy Gardens and Yarra Park," he said.
"Outdoor living is integrated into the design with generous private resident gardens supplemented by individual terraces and balconies to each of the apartments."
Carl Schibrowski, head of development, Brookfield Property Partners in Australia, said the collection of residences were a unique proposition, not only for their location in tightly held East Melbourne, but also for their triple offering and sweeping views of the CBD, iconic MCG and surrounding suburbs. 
“This is an iconic parcel that commanded a special approach out of respect of the site’s heritage and location,” he said. 
“It is one of the most unique developments we have created and a project we are confident stands apart from anything else in the market. From the start we were very fixed on delivering a boutique offering in this suburb, which is known for its privacy and exclusivity. 
“We will also be investing significant capital into repositioning the Pullman on the Park arrival experience as well as food and beverage offering, delivering a completed precinct solution to this important East Melbourne location.” 
Cbus Property CEO, Adrian Pozzo said the partners were confident the market was strong and that the generously sized apartments would appeal to the ever-growing empty nester and upgrader markets. 
“Classic East Melbourne adds three luxury penthouses to the market and we know there is an appetite for these statement homes," he said.
"In 2008, 150 Clarendon set the benchmark with its $18.2 million penthouse sale, showing the market values these special properties.”
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Mosspennoch and 22 Clarendon will be linked via a large private garden.
Parade will feature a large resident’s garden on level four. 
The project marks the first joint venture for Brookfield and Cbus Property.
For more information, <a href="https://eastmelb.com.au" target="_blank">click here</a>.
 
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Cbus Property and Brookfield launch Classic East Melbourne project 

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The ‘AVA I’ development of 18 dwellings in Melbourne’s south-east growth corridor has won the Victorian Architecture Award for Residential Architecture (Multiple Housing).
The follow up release, ‘AVA II’, comprises ten townhouses and received the Award for Excellence in the category of Affordable Housing at last year’s Urban Development Institute of Australia Awards. It has been developed in conjunction with Wolfdene and architects SJB.
Wolfdene director Jon Aitchison said housing affordability remains a big issue in the Melbourne market, so our response was to deliver a quality medium density product that mixes design and function.
“From a design perspective, we wanted to bring the architectural quality identifiable with inner city developments to these new communities," he said.
“With blocks of land shrinking and housing density increasing, the challenge and opportunity was to provide more financially, socially and environmentally appealing homes. 
“Our belief is that affordable can still be aspirational, and our design team is constantly pushing themselves to remain ahead of the curve and set the standards for product being delivered in greenfield communities.”
Wolfdene’s latest completed development at Point Cook (above) features 44 two and three bedroom townhouses and is further evidence of their commitment to delivering design that positively contributes to the built environment.
For more information, <a href="https://www.wolfdene.com.au" target="_blank">click here.</a>
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Townhouse development scoops architecture awards

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Allure on Ludwick Cannon Hill is a development by Your Style Homes which is now almost sold out with just two apartments left.  
The apartments featured an oversized floor plan which is above the average apartment square meterage for a Brisbane one bedroom dwelling.
Managing director Dean Parker believes this offering has formed a large part of its success in a tough apartment market. 
The newly completed 58 Ludwick Street project by developers Your Style Homes has one-bedroom units featuring a combined internal and external floor space of 69 sqm including balcony or courtyard, significantly larger than Brisbane’s reported typical one bedroom apartment size of 52 sqm. 
Just two dwellings remain for sale in the 30-apartment complex after the project launched to market in late 2015 with prices starting from $325,000. 
The development is now attracting strong interest from younger renters who have begun to move in. 
Dean Parker said the apartments addressed all buyers’ wish lists in a suburb with a low suburb vacancy rate of just 1.22 per cent. 
“Our spacious, well-designed one bedroom apartments started at $325,000 - well below the $400,000 to $499,000 price point, considered the “sweet spot” for a one bedroom Brisbane apartment.  
 “These apartments offered two different colour schemes and a choice of a balcony or courtyard with secure car parking, providing a spacious and high quality offering residents. 
“We know buyers seeking one and two-bedroom stock are price-sensitive but also wish to purchase a dwelling that maximises value for money through a lower price coupled with strong potential yields. This value was recognised by buyers at Allure, and has now been passed on to renters who are now eager to move into the development,” Mr Parker said. 
The project sits less than 10 kilometres to Brisbane’s CBD and is placed 150 metres from the forthcoming $600m East Village precinct which is set to offer high quality retail and restaurant options from the designers of Brisbane’s Emporium.
Allure apartments are only a 550m walk to Cannon Hill’s Kmart Plaza. 
The two apartments remaining for sale include one one-bedroom apartment for $345,000 and one two-bedroom apartment for $465,000. Two bedroom apartments feature a combined internal and external area of 93 square metres.  
For more information, <a href="https://www.yourstylegroup.com.au/allure" target="_blank">click here</a>.
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Bigger one bedders secure sales success in Brisbane

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Multipart Property has purchased a DA approved site in Sydney's Rose Bay to develop for six luxury three bedroom units with prices ranging between $2.75 million and $3.5 million aimed at the downsizing market.
The total area of apartments start at 131 square metres increasing up to 490 square metres.
The development, Seaton Rose Bay, is spread across three levels at 687 New South Head Road, Rose Bay and features northerly views across Lyne Park to Sydney Harbour.
<img src="/images/2016/07/06/160608_687_NEW_SOUTH_HEAD_RD_V02_BACKYARD_R01jpg_620x380.jpg" alt="">
<div>Designed by architects MHN Design Union, the total area of apartments start at 131 square metres increasing up to 490 square metres.</div>
The marketing campaign begins August 2016 through agents Ray White and LJ Hooker of Double Bay.
For more information, <a href="https://www.seatonrosebay.com.au" target="_blank">click here</a>.
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