Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

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Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

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Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

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ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

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Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

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Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

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Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

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Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

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Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

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The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

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Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

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Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

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Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

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Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

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Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

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The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

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The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Residential Development

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A development site in Melbourne's South Wharf with plans and a planning permit for a residential project of 940 apartments has hit the market.
The 8,847 sqm site at 89 Lorimer Street within the city fringe precinct of South Wharf will be marketed by Colliers International’s Trent Hobart and Bryson Cameron on behalf of Little Projects’ Paul Little.
“This development site is of an international scale and has recently been granted with ministerial planning permit approval for a high-end dual tower development of 940 apartments, known as South Wharf Towers,” Hobart said. 
“It’s an ideal city fringe residential location just 1 km from the CBD, with view lines that span across vast parkland, the Yarra River, Port Phillip Bay and the Melbourne CBD."
The dual cylindrical towers will be designed by Elenberg Fraser architects. 
“The exceptional strength in demand from both on and offshore developers for high profile projects such as South Wharf Towers continues in Melbourne," added Cameron, saying he expected this to be the case with South Wharf Towers.
“Following the government-led planning changes in the City of Melbourne in 2015, there has been a distinct lack of residential sites for sale with only three transactions in the CBD grid in 2015. This site will address that underlying demand for a premium residential development site on the doorstep of the CBD with the bonus here being the de-risked planning and infrastructure contribution framework and proven residential location, given Mirvac’s success in the area.”
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Paul Little lists dual tower site in Melbourne's South Wharf soon to come to market

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The stunning success of the land release of rural residential lots on Bowral's historic Retford Park estate, has ensured the longtime home of James Fairfax can be preserved in perpetuity for community access.
Some 71 of the 79 lots offered since the November launch have been snapped, with the upcoming lots priced between $365,000 and $810,000 through Nigel Napoli of <a href="https://retfordparkestate.com" target="_blank">Savills Residential Projects.</a>
The housing lots of Retford Park Estate sits either side of historic Retford Park house, the home of James Fairfax, the former chairman of the now ailing publishing company that bears his family name.
Buyers have come looking for a tree-change, especially from the Illawarra region and Sutherland Shire, Nigel Napoli said.
With land sizes from 1000 sqm to 4.8 hectares, there are set be another 81 building block released over the next six months on the outskirts of Bowral.
The 1880s Italianate residence that is well hidden amid the extensive gardens was bought by James Fairfax in 1964 for £15,000.
James Fairfax set about decorating Retford Park House with advice from designer Leslie Walford with the garden undertaken by English landscape architect John Codrington.
The pool, pool pavilion and aviaries were designed by Melbourne architect Guilford Bell. Over the years, architect Espie Dods added architecturally sympathetic extensions to the home. 
The Retford Park homestead will be preserved in perpetuity for the community with some funds from the neighbouring residential development being directed into a trust which will pay for the long-term upkeep of the home and gardens, the project director Allen Robinson advised.
Philanthropic James Fairfax had envisaged the concept for the past four decades.
"I think Retford Park is an important part of the heritage of the Wingecarribee Shire area and provision has been made in my will for the house and the immediate surrounding land, including the garden, to be left in trust to be viewed by future generations," Mr Fairfax told me in 2009. 
Listed on the register of the national estate since 1980, Retford Park was built as a summer retreat for the Hordern retailing family. It takes its name from the village in Nottinghamshire, the northern England town from where Anthony and Ann Hordern immigrated in 1825.
The grounds have many heritage oaks, an enduring association with the Hordern's retailing business, whose emblem was an oak tree under which were the words "While I live, I'll grow".
<a href="https://sydneyaerialphotography.com" target="_blank">Photo credits go to Tim Mooney</a>.
 
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Retford Park rural residential lots underpinning the Bowral heritage estate's future

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A potential development site at a beachfront location at Main Beach on the Gold Coast has been sold at a Ray White auction for $6.5 million.
The nearly 617 sqm block at 3513 Main Beach Parade is currently occupied by a block of flats.
It was sold under the hammer to a local investor by Michael Willems of Ray White Commercial Gold Coast on behalf of an interstate owner.
“We had an extraordinary response to the marketing campaign with 76 enquiries from a wide range of potential purchasers including local and overseas based investors as well as developers,” Willems said.
 The property comprises 2 x 3 bedroom apartments and 2 x 2 bedroom apartments.
 “There is an option for the purchaser to continue to rent out the property or develop subject to obtaining approval (STCA),” he said. “This is absolute beachfront land at Main Beach so it was highly sought after.”
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Main Beach site sold at Ray White auction for $6.5 million

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Toga Group’s $160-million One Twenty Macquarie development will be launched this weekend.
It will be Macquarie Park’s tallest apartment tower housing 192-apartments within 23-storeys.
The group has released images ahead of its sales launch which detail One Twenty Macquarie’s landscaped gardens.
Toga has collected hundreds of expressions of buyer interest for the Turner-designed development located 16 kilometres from Sydney CBD and 450 metres from Macquarie University, Macquarie Shopping Centre and Macquarie University railway station. 
<img class="aligncenter wp-image-37858 size-full" src="https://www.theurbandeveloper.com/wp-content/uploads/160118-120-Herring-Rd-V01-Exterior-Final-2000-e1456808246512.jpg" alt="macquarie park" width="620" height="1034">
Views from the One Twenty Macquarie apartments’ include the city, North Sydney, Chatswood, Homebush and Lane Cove National Park.
One Twenty Macquarie will feature an urban-style-backyard; a 460 sqm landscaped resident’s garden with outdoor seating, timber pergola, barbeque facilities along with a reflection pond. 
Turner Associate Director Kevin Driver said uniting city life with nature was important. 
“One Twenty Macquarie sits as a pavilion in a parkland setting, offering high level amenity, coupled with a proximity to both a vibrant centre and lush, verdant nature,” Mr Driver said. 
One Twenty Macquarie is TOGA’s third project in the area following the sold out 618-apartment development Macquarie Central and Macquarie Green; a 164-apartment development now 90 percent sold.
Construction is slated to begin mid-year with 2018 completion.
For more information <a href="https://www.onetwentymacquarie.com.au/" target="_blank">click here</a>.
 
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Toga unveils One Twenty Macquarie urban garden scheme ahead of weekend launch

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Residential developer Peet Group announced an operating profit after tax for the half-year ended 31 December 2015 of $18.5 million – an 8% increase over the the previous corresponding period.
The national group’s managing director and chief executive officer, Brendan Gore, said the Group had achieved a good half-year performance that reflected the supportive conditions across the group’s key east coast markets, in particular Victoria and ACT/ New South Wales.
“The strong result was driven by price growth across the Victorian land portfolio as well as the group’s continued focus on operational efficiencies.
“It confirms that the ongoing disciplined implementation of our strategy is delivering improved operating performance, and underlines the benefits of Peet’s diverse national portfolio.has a record number of contracts in hand as the buoyant east coast markets helped it to an 8 per cent lift in its 2016 interim profit."
Headquartered in Perth, the listed developer's strength is its national portfolio with weakness still in WA. 
By the end of December last year, the developer had 2,318 contracts on hand with a gross value of $523 million.
That stockpile compares with the 2,061 contracts Peet had accumulated by the end of June last year, with a gross value of $441 million.
Peet has progressed preparations for the launch of sales at Flagstone in South East Queensland, and is also currently preparing to launch its next retail syndicate opportunity in Victoria.
As at 31 December 2015, the group’s gearing was 30.6%, following the acquisition of a 123-hectare developing residential estate in Tarneit (Vic) in December 2015, with settlement to occur over three years.
This acquisition followed the Group’s sale of its Arena residential estate in Greenvale (Vic) for $93.1 million with the settlement of that property also to occur in instalments over three years.
Part of the proceeds from this sale have been redeployed to fund the acquisition of Tarneit at a substantially lower cost base than the Greenvale land.
"“Conditions across Victoria, New South Wales/ ACT and South Australia are expected to remain supportive, while Western Australia and Northern Territory are expected to remain subdued through the 2016 calendar year,” said Mr Gore.
“Activity in the Queensland residential market continues to improve due to its relative affordability, which has seen a recovery in interstate migration.
"This market recovery is expected to support the launch of the Group’s 12,000-lot Flagstone project in 2H16.
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Peet sees Queensland recovery as interstate migration pickup

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Savills Australia have sold a high-profile residential development site with a permit for 11 apartments to a Melbourne based private developer for $1.27 million.
Located in Highett in Melbourne's south-east, the site had only been on the market for a week.
Comprising a corner 701 sqm site, 1157 Nepean Highway has a combined street frontage of 52 metres and was solid via a private sale.
Selling agents Jesse Radisich and Julian Heatherich described the market as hungry and weren't surprised at the speed of the sale.
"This was a fantastic opportunity in that it offered several key ingredients to a successful apartment project including a corner location providing superb site access and design flexibility, a location well served by public transport and five minutes from Westfield Southland Shopping Centre, and of course a development permit," said Jesse.
The property was sold vacant and cleared on a land value of $1812 a square metre and at a unit rate of $115,455.
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Savills in development site quick sale in Highett

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Frasers Property Australia's residential development Putney Hill has won a number of recent industry awards for building excellence for its apartments and premium homes and apartments.
Putney Hill won awards for the best townhouse/villa developer, the commendation winner in the masterplanned development category and many others. The awards came from the UDIA NSW, MBA NSW and the HIA.
Taylor Construction Group continues building the development at Putney Hill, having been appointed to build its $51 million trio of apartment buildings known as Canopy, as part of the development's Morrison Road Precinct. 
Construction is underway on the second stage of the master planned community, with completion expected early 2017.
The Morrison Road Precinct directly overlooks the new 2.4 hectare Lardelli Park and comprises over 300 apartments.
Canopy and Putney Hill’s latest apartment release, PEAK, set within native trees and lush landscaped gardens, will commence construction in early 2016.
PEAK’s 174 apartments and penthouses are currently selling fast with over $68 million in sales.
Set across two low-rise buildings, PEAK occupies the site’s highest point and affords residents spectacular views from Sydney CBD to the Parramatta River and Blue Mountains.
Frasers Property development director Warwick Dowler said the property group were delighted with the MBA award win and to be recognised for the dedication and commitment to excellence for the complex.
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Frasers Property Australia celebrates Putney Hill awards

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Australia 108, to be home to the highest residences in the southern hemisphere, will commence construction this month, with a ground breaking ceremony held December 8 to mark the milestone.
When completed in 2020, the $1 billion tower will rise 319 metres and feature 1105 apartments as well as what's billed as the most extensive and opulent residential amenities in Australia, including two infinity pools located 210 metres above ground.
About 60% of the Australia 108 buyers are thought to be intending owner occupiers. The split between offshore and local buyers sits at around 50:50.
It was designed as a sister tower to the nearby gold-topped Eureka Tower.
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Australia 108 ground breaking ceremony

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Farmland in Melbourne's outer north continues to make way for new house-and-land offerings after around $18 million was paid for a 20 hectare Wollert holding, according to Fairfax Media.
The Residential 1 zoned parcel at 80 Harvest Home Road is 27 kilometres from the CBD, between Craigieburn and Doreen.
It was marketed by Pitra Real Estate Group's Tom Pita as "the ideal opportunity for developers to build a small town".
Builders including Stockland, AV Jennings and Henley Homes are among the builders in the district already.
<a href="https://www.pitra.com.au/property/wollert-2/" target="_blank">Extended settlement terms</a> of up to 36 months was on offer to the buyer.
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Wollert farm sells at $18 million on Melbourne's outskirts

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Berwick Waters, located south-east of Melbourne, will stage two lot releases by Frasers Property on December 5.
Property Observer briefly profiles the two:
<a href="https://www.frasersproperty.com.au/VIC/Berwick-Waters/Explore" target="_blank">College Green</a>
College Green is offering plots in a range of sizes up to 913 square metre in its second release.
The development, comprising schools, recreation facilities, amenities and retirement living all in the one location, promises a range of lifestyle options for residents of all ages. 
Waterside Village
Waterside Village is designed around a central park and surrounded by landscaping and wetlands.
<a href="https://www.frasersproperty.com.au/VIC/Berwick-Waters/Explore/Waterside%20Cedarbark%20Release" target="_blank">The Cedarbark release</a> offers a selection of regular-shaped lots from 312 to 570 square metre, with a depth choice of 25 metres or 32 metres depth.
The lots are priced from $230,000.
The blocks will be sold on a first come, first served basis. Purchasers are required to pay a 5% deposit and sign an unconditional land contract.
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