Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Residential Land

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Wallan offers the cheapest newly released residential land at a median of $248 per square metre, the latest Domain Group data shows.
Craigieburn had the most number of land sales over the December quarter.
Doreen in Melbourne's north-east recorded the strongest annual growth for land prices at 18.5 per cent.
The median price for land in Pakenham also jumped 17.3 per cent over the year.
Some western suburbs had weaker values and growth because there was more land, Domain Group chief economist Andrew Wilson noted.
 
<div class="moveable_w" data-element-id="table_52173693" data-object-id="6195c47d-1d30-44a7-96be-c9788ba8702d" data-object-type="chart">
<div id="table_52173693" class="moveable chart ig-theme-group-chart">
<div id="igc-subtable-52173693" class="igc-chart inner">
<div class="igc-table-container">
<table id="Chart_52173693" class="igc-table __dynamic __visible">
<colgroup>
<col>
<col>
<col>
<col>
</colgroup>
<thead><tr>
<th class="igc-table-header igicon-sort " data-column="0">Suburb</th>
<th class="igc-table-header igc-table-dynamic-column igicon-sort" data-column="1">Median</th>
<th class="igc-table-header igc-table-dynamic-column igicon-sort" data-column="2">1-year growth</th>
<th class="igc-table-header igc-table-dynamic-column igicon-sort" data-column="3">Median price per m2</th>
</tr></thead>
<tbody class="igc-table-body">
<tr class="igc-table-row">
<td class="igc-table-cell">Wallan</td>
<td class="igc-table-cell">$165,000</td>
<td class="igc-table-cell">15.8%</td>
<td class="igc-table-cell">$248</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Bacchus Marsh</td>
<td class="igc-table-cell">$189,500</td>
<td class="igc-table-cell">18.4%</td>
<td class="igc-table-cell">$284</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Sunbury</td>
<td class="igc-table-cell">$235,000</td>
<td class="igc-table-cell">7.8%</td>
<td class="igc-table-cell">$319</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Brookfield</td>
<td class="igc-table-cell">$154,990</td>
<td class="igc-table-cell">3.3%</td>
<td class="igc-table-cell">$326</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Melton South</td>
<td class="igc-table-cell">$147,000</td>
<td class="igc-table-cell">1.4%</td>
<td class="igc-table-cell">$335</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Melton West</td>
<td class="igc-table-cell">$157,500</td>
<td class="igc-table-cell">7.1%</td>
<td class="igc-table-cell">$354</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Wyndham Vale</td>
<td class="igc-table-cell">$180,950</td>
<td class="igc-table-cell">-0.8%</td>
<td class="igc-table-cell">$423</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Pakenham</td>
<td class="igc-table-cell">$230,000</td>
<td class="igc-table-cell">17.3%</td>
<td class="igc-table-cell">$434</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Mickleham</td>
<td class="igc-table-cell">$217,000</td>
<td class="igc-table-cell">6.9%</td>
<td class="igc-table-cell">$480</td>
</tr>
<tr class="igc-table-row">
<td class="igc-table-cell">Doreen</td>
<td class="igc-table-cell">$237,000</td>
<td class="igc-table-cell">18.5%</td>
<td class="igc-table-cell">$521</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
</div>
<div class="moveable_w" data-element-id="particle_26a606cf-90d8-4463-bcab-701415e238eb" data-object-id="26a606cf-90d8-4463-bcab-701415e238eb" data-object-type="particle">
<div id="particle_26a606cf-90d8-4463-bcab-701415e238eb" class="moveable particle body-text ig-theme-group-text">
<div class="bodytext">
<div class="innertext" data-placeholder="">Source: Domain Group</div>
<div class="innertext" data-placeholder=""> </div>
<div class="innertext" data-placeholder="">A large 11,350 sqm of land at <a href="https://www.realestate.com.au/property-residential+land-vic-doreen-201725862" target="_blank">79D Cookes Road</a>, Doreen (above) has been recently listed for sale.</div>
</div>
</div>
</div>
Similarly a commercial land at <a href="https://www.realestate.com.au/property-residential+land-vic-wallan-201711450" target="_blank">19 High Street</a>, Wallan (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/19%20High%20Street.jpg" alt="">
A residential block at <a href="https://www.realestate.com.au/sold/property-residential+land-vic-wallan-200516515" target="_blank">22 Moondara Terrace</a>, Wallan (below) was recently sold for $151,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/22%20Moondara%20Terrace.jpg" alt="">
Similarly a residential land at <a href="https://www.realestate.com.au/sold/property-residential+land-vic-doreen-201628138" target="_blank">59 Woorawa Drive</a>, Doreen (below) was recently sold for $246,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/59%20Woorawa%20Drive.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Wallan ranks as Melbourne's cheapest land release suburb

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The Shadow Treasurer Chris Bowen has plans for a holiday home after his recent $295,000 purchase of a block of land at Bawley Point on the NSW south coast.
Bowen bought the 730 sq m building block with wife Rebecca Mifsud, an industrial relations executive at Toll Holdings.
It had been for sale since listed in 2013 at $375,000.
Located on the Bawley headland, the block is only minutes walk from both Bawley and Cormorant beaches.
"The headland area is complimented by luxurious homes in prime positions and vacant building blocks are now almost non existent," selling agent Darryl Leslight at Ray White Surfside Properties said.
Before the luxury set in, Bawley Point made its reputation as popular with the left-thinking Canberra set, highlighted in 1986 when journalists Gregory Hywood and Kate Legge, and Heather Ewart and Barry Cassidy paid $105,000 for their jointly owned coastal retreat, which is about three-and-a-half hours' drive from Sydney and two-and-a-half hours' drive from Canberra.
Only last summer the coastal New South Wales location was the setting of Bill Shorten’s family Christmas holiday - and where he crystallised the steps that almost saw the Opposition Leader take government six months later. It was where he decided he needed to start his days with an early morning run to loose weight.
The Bowen’s live in his McMahon electorate in Smithfield, in Sydney’s west, where they rebuilt after paying $470,000 in 2003.
This article was first published in the Sunday Telegraph.
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Shadow treasurer Chris Bowen buys land in Bawley Point

<html><body>
The power of The Block seems to be spreading in Port Melbourne, as a small vacant parcel has sold for just over $2 million, setting a suburb record in the process.
The 304 sqm block at <a href="https://www.realestate.com.au/property-house-vic-port+melbourne-123235006" target="_blank">186 Dow Street</a> fetched $2.055 million at auction after having high $1 million price hopes.
On the market for the first time in 112 years, sale represented a $7,000 per sqm record for Port Melbourne.
It was sold by Frank Callaghan and Craig Corby at Frank Gordon - Port Melbourne.
The parcel used to have a family home, but the property was demolished in the 1980s.
Developers "jaws dropped", according to Frank, as owner-occupier bidders took control.
It's just three blocks from the foreshore, adding to its value.
Developers will have to act fast if they want to build from scratch. 
Frank said there were only two empty blocks he knew of in Port Melbourne, which made the Dow Street space particularly rare.
“What was really interesting is that we sent a number of emails, in the thousands, and we have databases for builders that have been bidding on other properties that we had, that we have sold over the past couple of years, to be demolished or where they could seek a permit.
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Land parcel sets suburb record in Port Melbourne

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Planning delays are costing Queenslanders an additional $36,800 on the price of a new home, according to new research from the Property Council of Australia.
At the same time, the cost per square metre of new greenfield land has gone up even though the lot sizes have shrunk. 
The study by Urbis, on behalf of the Property Council, calculates the cost for homebuyers due to delays in the assessing greenfield sites in Queensland. 
“Assessment delays have a significant impact on housing affordability,” Property Council Queensland executive director Chris Mountford said. 
“For every month that a project is held-up, the developer has to pay more land tax, more council rates, more holding costs and more interest on their loans – adding thousands to the end product.” 
“For each year of approval delay the cost per residential lot increases by $6,450.” 
If a Queensland development is fast-tracked by the state government it is likely to take nearly four years to achieve approval. Left to a local government process, the approval would usually take twice as long, according to the study.
“The research shows that if Queensland developments could be rezoned within the same two-year timeframe that we see in Melbourne, the lot price would be reduced by $36,800,” Mountford said.
“Even if we could improve our local government approval processes to be as quick as the State Government processes, we could achieve a saving of $21,153 per lot.”
On a 30-year mortgage, this translates to about $40,000 savings.
“That’s a real saving for homebuyers and an efficiency gain for the Queensland economy."
Put together, planning delays across Queensland for residential lot sales could be more than $300 million per annum, said Mountford.
<a href="/images/2016/09/12/Greenfieldapproval.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/12/Greenfieldapproval.jpg" alt="">
Even the proportion of lot sizes and costs have risen. From 2009 to 2015, the average lot size in South East Queensland reduced from 591 sqm to 515 sqm. Meanwhile, the price of an average lot in the same period has gone up to $236,000 from $227,000. 
“With sizes decreasing and prices increasing over the last six years we have effectively seen a 27 percent increase in the cost of greenfield lots,” Mountford said.
The report suggests the Queensland government review approaches to greenfield approval and tackle planning delays. 
“It is vitally important that the state government’s ongoing South East Queensland Regional Plan review results in a new plan that gets the settings right to facilitate the speedy delivery of greenfield land.”
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Planning delays costing new homebuyers in Queensland: PCA 

<html><body><div class="cq-article-content-paras section">
The home builder Sekisui House has finalised its acquisition of an 8.1-hectare site in Baulkham Hills in Sydney's northwest for $210 million. 
Sekisui bought the land from property developer Tony Merhi.
It intends to develop it into a masterplanned mixed-use residential community with 1300 apartments. 
Apartment building heights are being considered by the NSW Department of Planning for the site at 47 Spurway Drive.
It is close to the Norwest Business Park and the Castle Hill Country Club.
Toru Abe, the Sekisui House Australia managing director, described it as an "exceptional development" opportunity.
"As the construction of the North West Rail Link continues at pace, we intend to create a masterplanned community set within beautifully landscaped gardens and natural forest," he said.
"We plan to showcase our inherent values of developing ecologically sound communities where residents can entertain, play, reflect and energise with easy access to the surrounds, Parramatta and central Sydney. 
"With Norwest Business Park, one of the largest employment precincts in Sydney and Norwest Train Station at our doorstep, residents will be immediately connected with existing community and future transport links." 
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Sekisui secure Baulkham Hills apartment development site

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Logan City Council has released an expressions of interest campaign for the development of land comprising six separate adjoining land parcels on the Logan River next to the Pacific Motorway.
The 43 hectare lot has an approved master plan in place and some existing development approvals and will eventually become a new precinct within the City of Logan.
Expressions of interest are being sought through Savills.
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