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 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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<div class="cq-article-content-paras section">
The deal to build Sydney's tallest residential tower has fallen over after its Chinese developer Greenland and the construction giant Brookfield Multiplex severed its contractual agreement due to commercial differences.
It is understood the construction costs would have made it hard for the project to be profitable for the Chinese developer which has accrued a chequered record in Australia in its brief time in the country. Or as the Australian Financial Review suggested Brookfield Multiplex thought Greenland had been difficult to deal with and there had already been significant delays in what was already an extremely tight program. 
The arrival of the Chinese-based Greenland to Australian shores was heralded by Property Observer an auspicious occasion with their 2013 plans for building Sydney's tallest residential highrise on the former Water Board site in the CBD, but little has gone right for the group ever since.
The overly ambitious Chinese developer were lured to overpay for the CBD site, after abandoning, at the eleventh hour, well advanced plans for a suburban project that would have not given them their desired world beating, global expansion status. Its acquired site was described in 2014 by JBA town planner Clare Swan as a "prominent CBD site that had been left in the ‘too hard’ basket for years." Greenland paid $113 million for the site from Multiplex which was never known having trophy development sites.
Swan noted with a heritage-listed building and an existing 1960s tower on the site, that previous owners couldn’t make a new development stack up, so it remained "stubbornly undeveloped" for nearly a decade.
In a statement the Chinese developer said yesterday it was still committed to the ugly duckling, intent on building <a href="https://www.greenlandaustralia.com.au/en/greenland-centre/" target="_blank">the $700 million, 235 metre tower tower</a>, which has seen almost all its apartments sold off the plan through CBRE Residential.
"Brookfield Multiplex and Greenland have had different views on commercial terms in respect to the construction of the Greenland Centre Sydney."
"Despite attempts by both Greenland and Brookfield Multiplex to find an acceptable resolution to those issues we have not been able to make an agreement to solve the contract."
However off the plan buyers dread the looming off the plan sunset settlement clause issues that may arise as the construction of the tower had been indicated by the selling agents to come with a completion date at the end of 2017.
“We will figure out what to do in the coming weeks,” was the best the Greenland spokesperson could advise The Australian.
</div>
<div class="cq-article-content-media section"><img class="lazy620x0" src="https://www.afr.com/content/dam/images/g/h/c/b/z/e/image.imgtype.afrArticleInline.620x0.png/1432863576024.jpg" alt="The proposed Greenland Centre in Sydney is virtually sold out before construction has started." width="620" data-src="/content/dam/images/g/h/c/b/z/e/image.imgtype.afrArticleInline.620x0.png/1432863576024.jpg"></div>
<div class="cq-article-content-paras section">
"Greenland Australia remains committed to delivering the project with early demolition work starting in May."
The tower, at the former Water Board site at 115 Bathurst Street, was Greenland's first project in Australia. 
There are 470 apartments in the tower for which only a lucky eight reportedly remain unsold. 
It was promoted boastfully as Sydney's highest residential block. 
<img src="/images/stories/2013/10/24/sydney-oct-23-one.jpg" alt="sydney-oct-23-one" width="470" height="569">
Marketed as 'Like a diamond in the sky' - Sydney's tallest residential tower had prices starting at $528,000.
Set on the former Water Board site, the 115 Bathurst Street and 339 Pitt Street site had stage-one development approval in its purchase for up to 70 levels reaching 235 metres high. 
Beating off Harry Triguboff Meriton's 230-metre tall World Tower, which dates back to 2004, the new tower will, if built, appear considerably taller as it is located further up a ridge than World Tower.
Greenland's project was marketed as having a level 82, but plans actually revealed there were really only ever to be 66 floors.
The developer of Greenland Centre, China’s state-owned Greenland Group, removed all floor references to the number four, because “four” and “death” have a similar look and pronounciation in Mandarin Chinese.
So there’s no level four, 14,  24 or 34. An entire 10 floors between level 39 and 50 don’t exist. And of course no level 54, 64 or 74.
There was also no rooftop garden because they could represent a green hat. “Wearing a green hat” is a term that Chinese use when a woman cheats on her husband.
Greenland Australia's haphazard development path continued recently when it ditched plans this year to build 1500 apartments adjacent to Melbourne’s Flemington Racecourse after terminating a $45 million contract with Victoria Racing Club for the site.
Its Leichhardt Green project had to be re-marketed as it was initially sold off the plan without then securing the necessary matching planning approvals.
"Never satisfied, to be stronger; never stopping to be number 1, we always believe that any enterprise that dares to dream and has the ability to realise dreams will undoubtedly create even larger miracles" Yuliang Zhang, chairman and president of Greenland Group maintains.
Mr Zhang even told the Australian media he saw “no ceiling” for the value of its total investment in the domestic market.
But its most humiliating moment came when marketing their Lucent, North Sydney project which saw the group embarrassed with advertisements that suggested they were yet to know Sydney like the back of their hand.
<a href="https://lucentnorthsydney.com.au/Location/" target="_blank">The quickly corrected map selling the location of their Lucent, North Sydney projec</a>t was embarassingly skewiff.
<a href="/images/2016/05/23/map-aug-28-one.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/23/map-aug-28-one.jpg" alt="">
It was noted for instance:
<ul>
<li>The North Sydney swimming pool (6) is on the wrong side of the harbour on Pitt Street.</li>
<li>Martin Place (22) is at what we know as the Opera House.</li>
<li>Getting a drink at the Opera Bar (18) is over on the lower north shore.</li>
<li>Luna Park (4) isn't on the harbour anymore, but the MCA (23) is, though across the bridge not far from the relocated The Rocks (20) and Pitt Street Mall (19).</li>
<li>Mirvac/Eureka's Greenwood Plaza (11) is on Circular Quay, and no-one ever worked out what 24 onwards were meant to be.</li>
</ul>
The sales spiel suggested Lucent was perfectly placed to make the most of Sydney's world-famous lifestyle!
Tell us what you know: news@propertyobserver.com.au
</div>
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jchancellor-FAypfDUnLy

Greenland's awful Australian run escalates amid sunset clause fears for Sydney's tallest tower apartment buyers

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GUEST OBSERVER
We’ve put together a short guide to help you maximise the benefits of passive design solutions by understanding orientation in your home.
With a particular focus on light and wind, we break down each aspect and offer suggestions for a more environmentally friendly and comfortable home.
North
<ul>
<li class="p1">Mornings generally receive Northerly winds from the inland due to land breeze. During winter this is the dominant source of wind. In summer, Northerly winds can be quite hot.</li>
<li class="p1">Direct sunlight and an excellent source of passive heating.</li>
<li class="p1">Necessary to use shading methods, such as planting deciduous trees (which permit low-angle Winter sun through) or installing eaves and blinds.</li>
<li class="p1">Suitable for daytime, living and dining rooms or courtyards.</li>
<li class="p1">Ideal orientation of the home with the long side facing North, or 20-30° off from the center.</li>
</ul>
West
<ul>
<li class="p1">Be wary of hot Northwesterly winds in summer and cold Southwesterly winds in the cooler months.</li>
<li class="p1">Evening sun can be quite harsh and hot in summer.</li>
<li class="p1">Option to strategically plant trees and shrub to divert undesirable winds and provide shading in the evening.</li>
<li class="p1">Alternative is to place utility areas facing West (e.g. laundry, bathrooms, storage) which insulate and shade living areas.</li>
</ul>
East
<ul>
<li class="p1">Little to no Easterly wind all year round. Design should promote cross-ventilation from other rooms.</li>
<li class="p1">Direction of sunrise and cool morning light.</li>
<li class="p1">Suitable for kitchens, breakfast rooms or bedrooms, as morning light is beneficial to regulate our circadian rhythm (natural body clock).</li>
</ul>
South
<ul>
<li class="p1">Evenings generally receive Southerly winds from the ocean due to the sea breeze effect. Southwesterly winds in the cooler months can be quite harsh.</li>
<li class="p1">Indirect light, therefore requires little to no shading. Borrowed light methods include use of skylights or reflections off neighbouring buildings.</li>
<li class="p1">Should be properly insulated as there are minimal passive heating options. Active heating may also be necessary.</li>
<li class="p1">Suitable for bedrooms or artist studios, as South light produces cool and controlled colour values.</li>
</ul>
<a href="/images/2016/05/23/Screen%20Shot%202016-05-23%20at%2012.21.38%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/23/Screen%20Shot%202016-05-23%20at%2012.21.38%20PM.png" alt="">
Paul Osborne is founder, Secret Agent and can be contacted <a href="https://secretagent.com.au" target="_blank">here</a>.
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Orientation and your home: Secret Agent

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Villawood Properties has begun work on the $500 million Helensvale community The Surrounds, the site of the former gold Coast Country Club, with contractors breaking ground on a 60ha section called the Southern Precinct.
The Southern Precinct will feature 20ha of green open space, including a central 7500 sqm park, which will be home to a children’s adventure playground, barbecues, sun lounges and public art. 
Villawood Properties Executive Director Tony Johnson said while the first land sales are not until July, hundreds of prospective buyers have already registered their interest online.  
“This interest is primarily from local second and third home buyers who are looking to enjoy life in a new home while staying in the community they already love," he said.
“The Surrounds could well be one of Queensland’s most connected communities because it has been designed to take advantage of the easy access to the nearby M1, Gold Coast Highway, Helensvale Train Station and future Gold Coast light rail stage 2.”
For more information <a href="https://villawoodproperties.com.au/community/the-surrounds" target="_blank">click here</a>.
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Construction begins at $500 million The Surrounds community at Helensvale

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Maintaining prestige heritage homes in Sydney, typically those above the $3 million mark, may be a chore given the issue of finding replacement fittings, fixtures and other period features according to valuation firm Herron Todd White.
Keeping up on the maintenance and updating irreplaceable period features is not desirable.
In their heritage residential property market review, HTW state the increasing "severity" of the heritage restriction or listing is generally indicative of the ease with which a heritage home may be modified or renovated.
"Renovation of homes of this nature is subject to any overlying heritage preservation requirements. However owners of heritage prestige homes are also looking to capitalise on the purchase price paid to secure such a dwelling as well as to provide them with a high calibre, contemporary home," it said.
"Extending and renovating period homes might involve simply retaining the existing period façade and constructing brand new for the remainder or more sympathetic (and costly) forms of extension and update. As with any form of renovation and update of a prestige home, the sky is the limit when it comes to cost. 
"Total project cost when working with heritage homes will be dictated by factors such as the scope of period features to be retained and the level of restoration required (including the availability of suitable materials and craftsmen), through to the extent of new build or extension and the quality of fitting to be installed in the newly renovated or built areas of the home.
"Given the demand for heritage prestige homes throughout Sydney, renovation and restoration of these properties is common and when market conditions are positive, capital growth through savvy enhancement is indeed possible. Should the uninitiated or the uninformed take on a project of this nature, it is quite possible to over-capitalise and thereby limit possible return on investment. 
"Heritage homes remain well regarded within the prestige residential market. These properties can range from terrace homes in areas such as Paddington and Woollahra through to substantial freestanding homes in any number of Sydney suburbs including as a snap-shot Mosman, Bellevue Hill and Vaucluse."
 
A brief overview of Sydney heritage prestige home types includes (but is not limited to)"
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• Colonial (circa early 1800s)
• Victorian filigree (circa 1840s to 1910s)
• Victorian Italianate (circa 1870s to 1900s)
• Rustic gothic (circa 1830s to 1880s)
• Queen Anne (also called Federation) (circa 1890s to 1910s)
• Arts and Crafts (also called Federation) (circa 1900s to 1920s)
• Californian bungalow (circa 1910s to 1930s)
• Interwar Old English (circa 1920s to 1930s) 
• Georgian revival (circa 1920s to 1930s)
• Art deco (circa 1920s to 1930s) 
 
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Keeping up Sydney heritage property appearances "not desirable": HTW

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The Hills of Carmel released 2,000 lots of housing land in the recently rezoned Box Hill in Sydney's north west, worth more than $1.3 billion.
The ribbon cutting on May 13 was done by Ray Williams, MP, Member for Castle Hill and Parliamentary Secretary to the Premier for Western Sydney, with other VIPs also attending. Among those present was Bob Welsh, property development consultant for The Hills of Carmel.
The Hills of Carmel, a master-planned community on 223 hectares sub division, has all services currently enabled on site and housing construction will begin in 2017.
Blocks on sale start at $390,000 for 300 square metres, with additional lots available for purchase at 375, 450 and 550 square metres. 
Slated to include playing fields, a shopping centre, schools, and outdoor space, the development will create thousands of new jobs and inject an estimated $700 million into the local economy.
The land, first owned by Governor William Bligh, has been used in past for orchards, dairy farms and the pioneering breeding of Brahman cattle stud, according to a recent article in the Daily Telegraph.
Development is now being handed by descendants of Albert Scheinberg, who purchased the major part of the land in 1960, it said. 
The event was held at 43 Boundary Road, Box Hill.
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Land lots worth $1.3 billion in Sydney's Box Hill released to home buyers

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Residential construction company Sekisui House has released release their line of Shawood homes at the masterplanned community ‘The Hermitage’ in Gledswood Hills, South West Sydney. 
The homes feature a number of single and double storey designs. 
The current release of homes have four generous bedrooms, multiple living areas, dedicated study areas and ample storage. 
The Hermitage has to offer including access to over 35 hectares of parkland, 50km of cycle and pathways and a backdrop to 120 hectares of the finest golf courses in the South West. 
The homes start from $734,000 and range up to $839,000 with internal spaces varying from 242.9 square metres to 270.4 square metres.
The homes are currently under construction with completion expected by late 2016.
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Sekisui House releases new Shawood homes line

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Residents of Avantra, the Longton Property Group’s $300 million smart-apartment project in Sydney’s Mascot, have a fresh lifestyle addition.  
Woolworths, BWS, Priceline and a host of other leading retail brands will be a short walk, with Meriton recently unveiling its $250 million <a href="https://www.meriton.com.au/news/meriton-unveils-impressive-new-mascot-central-retail-precinct/" target="_blank">Mascot Central project</a>.
The 5,000 sqm development will have around 20 shops with a mix of retail, cafes and convenience stores that include a full-line Woolworths supermarket, Oliver Brown, boutique florist with a café, Destination Roll -- best known for its pork rolls -- and Camy’s Charcoal Chicken.
The Mascot Central Retail Precinct is Meriton’s largest retail development to date, says a post on Meriton's website.
The retail precinct is expected to add to the appeal of the 328-apartment Avantra project by Sydney-based developer Longton.
Spread over a 8,762 square metre site Avantra comprises two multi-storey buildings, including ground floor retail and a courtyard garden.
The internal size of studios in Avantra are 60m² to 61m², one-bedroom plus MPR units are 75 m² to 82m², two-bedroom plus MPR units are 100m² to 127m² while three-bedroom plus MPR unit is 154 m². 
In addition, there will be communal areas such as a shared rooftop area in which residents can swim, barbeque and interact. 
Construction is in full swing and residents are expected to move in by December 2017.
In line with the developer's focus on community and home automation, Avantra residents will have their own information sharing network and a unique iButler service that aims to reduce shopping, car wash, pet care etc to a few clicks on a smart device. 
Residents will be able to use their provided iPads and other personal devices to book services simply by entering their postcode from any location and choosing the desired service.
It also including ‘smart’ digital lockers that residents can use to receive home delivered goods.
The information network, iCommunity will provide updates on news, weather and finance. 
The complex has been designed by architects MD+A and interior designer Archer + Wright.
Mascot had a population of 8,514 people, according to ABS census data 2011. Apartments made up 34.4 percent of the total dwelling composition in the area, the data showed.
For more information on Avantra, <a href="https://www.avantra.com.au/" target="_blank">click here</a>.
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Shopping comes to the doorstep of residents of Avantra in Sydney's Mascot

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Developer Beulah International has purchased a residential development site in Melbourne's Ivanhoe for $5.7 million.
Located at 47-49 Norman Street, the 1,653 sqm site comes with approval for 43 apartments, which are being reworked to create bigger and more spacious apartments.
The site is close to private schools, Ivanhoe Railway Station and retail.
The company is in talks with Tier 1 designers to deliver a luxury boutique development with good architecture, said Beulah International executive director Adelene Teh.
“Our recent project Gardenhill has been a great success, and we look forward to delivering more functional and beautifully designed living spaces to the Melbourne marketplace,” said Adelene.
Construction at Gardenhill, in Doncaster, has commenced with the developer claiming on its website that 70% sold in the first three months. Apartments start from $380,000 at Gardenhill.
Beulah International has also emerged as one of the seven frontrunners to secure the highly publicised Telstra development site opposite Carlton Gardens, alongside other leading developers Greenland and Salta Properties.
The Telstra site could potentially be their second “super tower”, after pioneering Australia 108 with its partners.
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Melbourne developer buys apartment site for $5.7 million

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The first resident has moved into Bli Bli’s Parklakes 2 development on the Sunshine Coast.
Dr Christopher Walker and his wife, Katie, have moved into their new four-bedroom, two-bathroom house on a 522 sqm block in the 700-lot masterplanned residential community.
“We’re looking at building another house but land is selling so quickly we’re not sure we’ll get a chance,” Dr Walker said. “It’s popular because it’s close to everything, but it’s still quiet – it’s not in the middle of all the hustle and bustle," he said. “It offers a lot of things that other residential estates can’t.” 
The development will include 438 houses, 20 hectares of forest, a park with a café, floating wetlands, a child care centre, school and a sports complex, says its website.
Parklakes 2 also features a floating wetland treatment system that will treat stormwater run-off, and is the largest of its kind to be installed in a residential development in the world, according to a media release. 
Besides being a resident, Dr Walker has also been involved with the wetland treatment system in his role as environmental manager at Covey Associates, the principal engineers working on the development.
Developer Robert Flipp said the once-sleepy town of Bli Bli was fast becoming one of the most desirable riverfront communities on the Sunshine Coast. 
Around 20 lots per month have sold in the development since it launched to the market last year, he added.
"Our onsite sales office will be completed at the end of April and our 13 home display village will be open by mid year so we expect demand to remain strong,” he said.
Earlier this year, a $20 million Bli Bli Village Centre, a mixed-use multi-level development on the corner of Bli Bli Road and David Low Way, was approved.
Existing retail stores include a Supa IGA and River Markets Shopping Complex, and the Sunshine Coast Airport too is not far.
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First resident moves into Sunshine Coast development Parklakes 2 

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A newcomer to Balmain, TOGA’s luxury Harbourfront Balmain development hugs the peninsula waterline and offers buyers a taste of the sophisticated village life.
Stretching out after work, wine glass in hand, observing ferries take commuters home is an archetypically Sydney indulgence, usually the preserve of a waterfront restaurant seating on an evening out.
The sleepy peninsula development Harbourfront Balmain offers this prospect in a prime city-fringe spot. Those balancing full-time work, family commitments or simply life’s wearisome routine will spy much more than the waterfront views. 
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This neighbourhood development, nestled on 150 metres of waterfrontage on the banks of the Parramatta River, looks out to Sydney Harbour capturing views north to Spectacle Island and west to the Iron Cove Bridge.
Only 29 boutique apartments remain for sale – priced from $850,000 – refreshingly reasonable for a slice of city-fringe waterfront.
Half a kilometre or so east of Harbourfront Balmain, leisurely walking distance, Darling Street offers a plentiful supply of artisanal coffee shops, designer children’s clothing boutiques and cosy bakeries.
The combination of waterfront living, charming village appeal and, peaceful surroundings acts as a magnet for downsizers, young professionals and families moving to snap up a city-lifestyle without the hustle and bustle.
Harbourfront Balmain will comprise 121 residences across eight low-rise buildings between three and five-storeys high including one, two and three-bedroom apartments and nine three-bedroom terraces.
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Half the buyers at Harbourfront Balmain are a mix of young professionals and families with young children who are moving for inclusive city-centric convenience as well as more space and a suburban feel, notes TOGA General Manager of Sales &amp; Leasing Alex Adams.  
Typically they will trade in an older-style home in the surrounding suburbs - like Rozelle, Drummoyne and Lilyfield - for a terrace home or a two or three-bedroom apartment.
“Buyers are lapping up the waterfront lifestyle with a suburban feel so close to Sydney’s jam-packed CBD,” Mr Adams said.
Designed by Bates Smart, Harbourfront Balmain features luxury amenities including a large private oasis garden, gymnasium, swimming pool and a 150-metre water frontage with impressive views.
“The incredible location, premium amenities and village atmosphere combine to reframe the experiences that shape our everyday lives,” Mr Adams said.  
“When you look at the everyday – living, eating, socialising and rejuvenating – Harbourfront Balmain offers a level of laid-back luxury rare to find so close to the city,” he added.
One, two and three-bedroom apartments include a parking space for each bedroom; a rare extravagance for a city-fringe site.
A homage to bygone factories, Harbourfront Balmain’s unique architecture reimagines the suburb’s industrial roots with aged copper roofscapes and distinctive raked brickwork.
Interiors enhance the waterfront location including reflective materials such as mirrors and tiles to respond to the harbour and maximise light and airy spaces.
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Harbourfront Balmain is expected to complete in early-2017.
An on-site display and sales centre is open Thursday to Sunday 10am to 2pm or by appointment.
For more information or to register your interest visit <a href="https://www.harbourfrontbalmain.com.au/" target="_blank">www.harbourfrontbalmain.com.au</a> or call 1300 212 854.
 
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