ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

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Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Sale

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The Double Bay apartment block Monterey sold at Monday auction for $6,8 million. There are seven apartments in the 1920s complex at 256 New South Head Road, up the hill from the village.

It was marketed by NG Farah agent Joe Recep as "a rare entire apartment block offering."

Buyers were advised there was scope to "add further value" with the potential to sell the apartments separately.

The building was already a strata block with the units sold off separately in the early 1990s. The apartments were mostly three bedroom, two bathroom with high ceilings and bay windows.

The most recently available apartment was at a $550 a week asking rental, down on its peak $750 a week rate sought in 2015. It was up for rent at $350 a week. in 2005.

The period building came with a wide timber staircase.

The bidding at Cooley Auctions opened at $6 million. There were just the two bidders competing.

The vendor had accumulated all seven apartments between 2001 and 2008 at a $2.5 million cost.

Monterey is diagonally opposite the 2018-completed Golden Age complex, Essence which is a striking strata complex at 315-321 New South Head Road.

[smartcode_project:default project_id=6002]

Golden Age secured off the plan sales in 2016. A recent resale was $2.75 million last March for an apartment sold off the plan in 2016 at $2.66 million.

Essence has 38 residences in two buildings.
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A Double Bay block of seven apartments was sold at auction for $6.8 million

jchancellor

$6.8 million paid for Double Bay block of apartments

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A raw development site in Sydney’s inner south-west has sold in Belmore.

The 685sqm site, which presents a residential development opportunity, was purchased by local residential developer Amira Property Investment.

Comprising a vacant residential dwelling, the site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/33_lucerne_street_belmore.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/33_lucerne_street_belmore.jpg?itok=YGax1tA9" width="580"></a>

Formerly owned by the Leigh family of Belmore, the site included a large rear garden and off-street parking for two to three cars.

Savills Australia’s Ollie Ridley and Nick Lower negotiated the deal who said the opportunity was highly sought after by residential developers looking to convert the site into a new townhouse or duplex development.

Capitalising on the growth of Belmore, many developments are rising up in the inner south-west suburb surrounded by residential housing.

Amira Property aims to develop the site into duplex homes.

<h2>Other new residential developments in Sydney’s inner south-west</h2>

Located less than 30 minutes by train to Central, Belmore is becoming an attractive location for developers and homebuyers alike due to its tight-knit community and the incoming Belmore metro station.

Other new developments in Belmore include Cornerstone and Aura, which are catering to the suburb’s substantial population growth.

Delivered by ALAND, Cornerstone is a five-level residential development on Canterbury Road in Belmore, offering 141 one, two, and three-bedroom residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cornerstone-717-727-canterbury-road-belmore-878ef8fc74989d642ed6f7290a0038f3.jpg?itok=ObyotR6t" width="580"></a>

Apartments in the complex include recessed balconies, high ceilings and open-plan kitchens, as well as amenities such as ground-floor retail spaces and parkland.

Down the road in Canterbury, AURA is offering one-bedroom apartments from just $588,000. The homes include contemporary design, entertainers’ balconies and large courtyards.

Designed by Glyde Architects, AURA includes open district and city skyline views, designer stone kitchens and wood texture cabinetry throughout.

A security storage cage is available for all residents, making the home a smart decision for owner-occupiers and downsizers.
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The site will be able to provide three to four townhouses or residential apartments under its current R4 high-density residential zoning

max.kwok_55688

Raw development site sells in Sydney's inner south-west

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Yuhu Group Australia has announced its settlement on a commercial property in North Sydney for $59 million.
The 15-storey block at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-500854103" target="_blank">20 Berry Street</a>, close to the Greenwood Plaza Shopping Centre and the North Sydney train station, occupies three prominent street frontages.
The freehold building of 9723.3 sqm sits on 1391 sqm of land, and with several recent upgrades, boasts an impressive foyer with a newly refurbished café/restaurant, excellent natural light, expansive harbour and district views from the upper levels, and has parking for 110 vehicles.
The complex is currently 100% leased with major global infrastructure consultants SMEC occupying 49% of net lettable area (NLA) until 2023.
Other tenants include financial, IT and childcare services.
Knight Frank noted the leased net income is $4.4 million per annum with an estimated weighted average lease expiry (WALE) by income of 5.42 years.
“Because of its highly convenient and desirable location, ready access to outstanding transport, recreational and education facilities as well as it vibrant commercial and residential sectors, we see this North Sydney purchase as a sound investment in securing long-term growth,” said Yuhu Group founder and chairman Xiangmo Huang.
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j.ballantyne1990-6AQqhLzZaK

Yuhu Group confirms settlement of $59m building in North Sydney‏

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The weekend 10 Gruyere Crescent, Ivanhoe East offering of a Robin Boyd-designed 1950s home fetched $1,745,000 through Jellis Craig Price.
They had been suggesting a $1.5 million plus expectation for <a href="https://www.realestate.com.au/property-house-vic-ivanhoe+east-120309157" target="_blank">the three-bedroom house</a> which was commissioned by the seller’s grandfather.
There were four bidders who appreciated the Boyd-factor. 
It was marketed as one of the very first homes in the area. 
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jchancellor-FAypfDUnLy

Robin Boyd Ivanhoe East sale

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The first land release in The Gables Box Hill is slated for Saturday August 22, with 170 lots released over two days through priority number and auction.
Lot sizes from 450sqm to 600sqm will be released, with prices starting from $540,000. Some lots are elevated and have views overlooking the entire project.
The Gables Box Hill development director, Matthew Scard, said over 13,000 people eventually move into The Gables.
Eventually 4,000 dwellings will be built on the 3330 hectare holding. The development includes a proposed lake, a 5.5 hectare town centre, active and passive open spaces, a school, new roads and associated infrastructure.
Developers of The Gables, Celestino, are also managing work on The Sydney Science Park following the NSW Government's Gateway Determination for the its development. It will be a 280ha development and upon completion is expected to employ over 12,000 staff, 10,000 students in key scientific and technological and provide more than 3000 homes. 
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For more information on The Gables <a href="https://www.thegablesboxhill.com.au" target="_blank">click here</a>. 
 
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mick.cee-iDmgDDAmu8

The Gables development set to release 170 lots 

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A Port Douglas trophy holiday home has been sold for around $2 million.
The  four bedroom, five bathroom four level property, <a href="https://www.domain.com.au/for-sale/57-murphy-street-port-douglas-qld-4877-2011364465" target="_blank">57 Murphy Street Port Douglas</a>, is built on Flagstaff Hill and has views to the Coral Sea and nearby mountains. 
Designed by local Gary Hunt, the home features an open plan living area with four metre high raked timber ceilings, gourmet eat-in kitchen, wrap around terraces on all levels, an indoor/outdoor plunge pool and a separate self-contained studio.  
The master bedroom suite with an adjoining study has dual bathrooms with a centre piece Japanese Ofuro bath.
Lyn Hall and her late husband, Mike Hall, ex-President Coca Cola Japan built the home in 1996.
It was listed for sale through David Cotton, Raine &amp; Horne Port Douglas, and marketed by Lynn Malone.
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Port Douglas hilltop trophy home sold for $2 million

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The former Conde Nast managing director and founder of Vogue Magazine, Bernard Leser and wife Barbara have secured the sale of their Palm Beach retreat.
It fetched $3.15 million through Raine &amp; Horne agent David Eden.
The property on <a href="https://www.domain.com.au/sold/75-pacific-road-palm-beach-nsw-2108-2011919272" target="_blank">75 Pacific Road</a> was bought back in 1994 by the Elizabeth Bay couple for $1.1 million from the then retired diplomat Sir Robert Cotton. 
Conde Nast headhunted Leser, now 90, in 1958 to launch the Australian edition of Vogue. During his tenure with the publishing company Leser was appointed managing director of Conde Nast UK, president of Conde Nast USA and chairman and managing director of Conde Nast Asia Pacific.
This article was first published in The Saturday Daily Telegraph.
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Vogue veteran Bernard Leser sells Palm Beach retreat

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Nick Maxwell, the former Collingwood premiership captain, and his wife Erin sold their 1930s Spotswood home at $1,143,000 at weekend auction, as they seek schools for their two young children.
The pretty extended weatherboard at 12 Stephenson Street was renovated by Maxwell, with involvement from his brother and father, who are builders.
The property cost $280,000 in 2004.
Set on 512 square metres, the three bedroom <a href="https://www.realestateview.com.au/Real-Estate/12-stephenson-street-spotswood/Property-Details-buy-residential-9199328" target="_blank">12 Stephenson Street, Spotswood</a>, came marketed with $900,000 plus hopes through Sweeney Estate Agents agent Wayne Sweeney and a $990,000 reserve.
After his 2014 retirement from league footy, Maxwell joined NRL team Melbourne Storm as a leadership development coach. 
Erin Maxwell is best known for her Melbourne style Love Shop Share blogging.
CoreLogic RP Data put <a href="/news">the suburb's house median at around $668,000</a>. 
APM reported Melbourne's overall weekend result was the third consecutive Saturday increase in the clearance rate.
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Nick Maxwell sells weatherboard in Spotswood

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Perth was the most difficult market to sell in July with an average time on market of 112 days, as well as the average discount at 7.2%. 
APM's July Monthly Days on Market report saw the average time to sell in Sydney was 42 days, with Melbourne at 79.
<a href="/images/2015/08/07/APM_complete.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/08/07/APM_complete.jpg" alt="" width="1000" height="1310"> 
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jonathanchancellor-7SQnKwU6yx

Perth holds longest days on market for July: APM

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A pair of car parks in the Toorak Village shopping strip have been listed at an asking price of $78,000 each.
The average Melbourne car space costs $50,000 and delivers an average rental yield of 8%, according to findacarpark.com.au.
Agent Peter Kudelka has the 28-30 Jackson Street offering.
Toorak Place features one, two and three bedroom freehold independent living apartments.
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