There’s no sign of Palm Beach’s development boom slowing down.

Local developer Chippendale Group — which welcomed buyers to its Eva on Tenth project late last year — is now moving ahead with its next venture, Elise.

Similar in scale to Eva, <a href="https://www.urban.com.au/new-apartments/elise-1425-1427-gold-coast-highway-palm-beach-qld-4221">Elise</a> will deliver 47 two-bedroom apartments, several with multipurpose rooms and dedicated study spaces. The project occupies a 1,230 sqm site at 1425–1427 Gold Coast Highway, with dual frontage to Twenty Fifth Avenue.&nbsp;It is on the prized eastern side of the Gold Coast Highway, 55m to the sand.

<img alt="Chippendale" data-entity-type="file" data-entity-uuid="f923e5ae-0554-4a27-8d30-2f00990e09e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-14%20at%203.35.48%E2%80%AFPM.png?VersionId=tkiYZ4CdZCklnS_KwDH_EZSnZl9K0QQT" />

Chippendale Group, led by&nbsp;fifth-generation family member and local businessman Daniel&nbsp;Chippendale, appointed BDA again to design Elise.

They noted in their submission to the Gold Coast City Council that the design "prioritises visual permeability and climatic performance to create a liveable residential outcome in a prominent beachfront location”.

The nine-level building will also home two swimming pools on the ground level, a gym with a sauna, and a resident lounge with dining space, kitchen, and barbecue area.&nbsp;

<img alt="Chippendale" data-entity-type="file" data-entity-uuid="ef9ea403-e608-466e-a277-09d3c96220c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-14%20at%203.35.54%E2%80%AFPM.png?VersionId=hS2zvNS0C43vRqrrS4s6yeDiS9ov6UJq" />

Palm Beach is going through another wave of development. The quiet suburb became one of the most in demand suburbs in the country in 2020 and 2021 during the onset of COVID-19, with both developers and buyers scrambling to get into the market.

Those developments have since been delivered and settled - and now there's a new wave of projects coming through.

Sherpa has two projects, <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a>, and <a href="https://www.apartments.com.au/new-apartments/flourish-ovana-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Ovana</a>, across the road from each other on Sixth Avenue, while&nbsp;

On the eastern side of the Gold Coast Highway, DJ Fisher and wife Chloe launched <a href="https://www.urban.com.au/new-apartments/pescado-palm-beach-228-230-jefferson-lane-palm-beach-qld-4221">Pescado</a>, to much fanfare. Gordon Corp is also soon to release its newest development, <a href="https://www.apartments.com.au/new-apartments/elle-on-jefferson-62-64-jefferson-lane-palm-beach-qld-4221">Elle on Jefferson</a>. BPG Developments is also planning a <a href="https://www.apartments.com.au/news/qld/first-look-bpg-developments-returns-to-palm-beach-new-apartment-market">new project on Jefferson Lane</a>.

Joel Robinson

First Look: Chippendale plots new Palm Beach apartment development after completing EVA Tenth Avenue

Frankston City Council has approved planning application for Pace Development Group's $91 million development at the cinematic location of 438-444 Nepean Highway Frankston.

The former home of Frankston Cinemas will be transformed into a 14 storey mixed-use building with views of the bay.

Pace’s approved plans include 144 apartments, one shop, two hospitality spaces, a wellness centre, gym, plus 202 car parking spaces across three basement levels accessed from Nepean Highway. Works are due to commence early 2026 for completion in early 2030. The site has been derelict for over a decade, following the closure of the Frankston Cinema in March 2014.

There are currently seven approved private sector mixed-use developments in Frankston’s city centre. Urban DC’s Harbour Frankston commenced construction in May 2025, after their first project, Horizon Frankston, broke records as Victoria’s fastest selling development back in 2023/24.

Pre-sales on both developments identify enormous local demand for a diversity of housing including the premium market, and more options for downsizers.

Frankston City Mayor Kris Bolam JP says the transformation to the urban beautification, local economy, vibrancy and overall reputation from these award-winning developers and architects is going to be "insurmountable."

"When you look at the current list of approved and recently completed projects, Frankston City has a $506 million price tag of private development! Not to mention the additional 770 residential dwellings that will contribute to our housing targets,"&nbsp;Bolam says.

"Every visitor daring to pass through Frankston will have a changed perception of our City, every investor will understand the sheer magnitude of opportunity, every business will realise the potential, and every resident will proudly know that Frankston City is experiencing the most exciting trajectory in decades. There is no doubt that the next evolution of Frankston City will exceed everyone’s wildest expectations.”

Pace Development Group’s original proposal was not supported by Council in April 2023 and ultimately rejected by the Victorian Civil and Administrative Tribunal&nbsp;(VCAT) in July 2024. However once the Victorian Planning Minister had approved implementation of Council’s Frankston Metropolitan Activity Centre (FMAC) Structure Plan into the Frankston Planning Scheme in April 2025, Pace was able to work with Council to satisfactorily address any concerns and align plans accordingly.

Shane Wilkinson, Managing Director of Pace Development Group, said the permit approval was incredibly exciting both for the project at 438-444 Nepean Highway and for Frankston's broader transformation.

"Frankston is on the cusp of major change thanks to the forward-thinking vision of the Frankston City Council," Wilkinson says.

"With the Council's valued support, Pace is proud to be playing a leading role in helping to shape the transformation of Frankston by delivering new homes, jobs and retail opportunities for the Frankston community."

Mayor Bolam added that the Council’s newly adopted FMAC Structure Plan is giving greater confidence to investors that Frankston City is a proven investment hot spot with an optimal strategic planning framework for success.

"The final successful application from Pace is an impressive reflection of our community’s expectations and a great alignment with our Structure Plan. This is yet another development that will help guide Frankston City’s ongoing transformation.”

The FMAC Structure Plan, which provides critical clear direction on a number of criteria including land use, building design, housing and accommodation, is just one of several initiatives designed by Council to encourage, guide and support development applications. Council’s 2025-2026 Annual Budget includes a new differential rate to encourage the development of vacant and land-banked properties in Frankston’s city centre.

Vacant properties within the Frankston Metropolitan Activity Centre and along the Nepean Highway now attract a differential rate three times higher than the general rate, a measure designed to&nbsp;prevent land-banking and drive much needed investment into housing and commercial projects.

Council is also developing a streamlined application assessment timeframe for major developments that recognises the need for faster processing and review timeframes for larger projects, whilst still maintaining robust assessment standards.

Pace Development Group greenlit for 144 apartments in booming Frankston

As Melbourne eyes a net-zero future by 2035, developer Milieu is getting well ahead of the curve. Its new Malvern and Brunswick developments are fossil fuel–free, achieving an average 7-star and 7.5-star NatHERS rating through inclusions like solar photovoltaic systems, high levels of insulation, and passive design that encourages cross-flow ventilation.

Milieu’s largest project to date puts sustainability at the forefront and provides an opportunity to trial new initiatives—particularly in landscaping—thanks to the project’s scale and its unrepeatable, near-1.2-hectare block neighbouring the 140-year-old, heritage-listed Rippon Lea Estate.

[smartcode_project:default project_id=136535 project_image_fid=288419]

Milieu’s nature-first masterplan, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, will transform the former ABC Studios on Gordon Street into a new neighbourhood of low-rise buildings interspersed with walking trails, extensive landscaping, and pocket gardens by landscape architect Oculus. Over 40 per cent of the site will be dedicated to green space, with mature tree retention and a resident-access-only gate connecting directly to the Rippon Lea Estate’s gardens.

Like their Malvern and Brunswick projects, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> will be entirely fossil fuel–free, with no connection to the natural gas network. All appliances and services will be electric, enabling residents to operate on 100 per cent renewable energy. Solar photovoltaic systems are powering common building services and reducing both environmental impact and energy bills.

[smartcode_project:default project_id=136535 project_image_fid=288420]

Water efficiency is another key feature. Rainwater harvesting tanks will irrigate the landscape, reducing reliance on freshwater and easing pressure on Melbourne’s stormwater system. High WELS-rated tapware and fixtures will further minimise water waste.

A multi-waste stream system will promote recycling and efficient waste separation for recyclables, general waste, and green waste. Car parking areas will include infrastructure for electric vehicle (EV) chargers, supporting the transition to sustainable transport.

<a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> has so far launched two of the residential buildings: Ripponlea Terrace and Gordon Place, with design by Woods Bagot and K.P.D.O. Ripponlea Terrace features a facade covered in cascading greenery that connects seamlessly with the surrounding landscape. Interiors are defined by natural stone, timber finishes, and soft colour accents. Gordon Place is one of the neighbourhood’s most sustainable buildings, incorporating high-performance insulation, double-glazed windows, and energy-efficient heating and cooling systems.

[smartcode_project:default project_id=136535 project_image_fid=288414]

Beyond environmental performance, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> is also designed to support wellbeing and community. A wellness hub—including yoga and Pilates studios, saunas, and mineral pools—sits alongside pet care amenities, shared lounges, and workshop areas. Technological features such as smart locks, secure parcel lockers, and number plate recognition for car park access round out Milieu’s vision for modern, connected living.

Milieu Founder and Managing Director Michael McCormack says <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> is a once-in-a-generation opportunity.

“The layers of thought and design within this project, alongside the historical and cultural importance of the site, renders this our most significant undertaking to date," McCormack says.

“This site represents a once-in-a-lifetime opportunity to build something truly special. Our first step was to engage the local community, to get a sense of what they expected. Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

Milieu recently appointed Brady Constructions to handle the build. The development will be delivered in stages, with the first residents expected to move in by early 2027.

[smartcode_project_cta:default project_id=136535]

Milieu champions sustainability at Elsternwick Gardens

Developments plans continue to pour in in the Sydney CBD.

While there's been skyscrapers sought and approved across the city in recent months, the latest plans are more boutique.&nbsp;

SLD Development has filed for a $30 million mixed-use building on a near-800 sqm site at 768-772 George Street, on the corner of Rawson Place, in Haymarket.

The adaptive reuse plans will see the heritage-listed GIO Building, built in the 1930s, redeveloped and incorporated into the new structure. It was designed in the "Inter-War Chicagoesque style", and has been subject to extensive internal alterations over time.

<a href="https://www.apartments.com.au/architects/dickson-rothschild">Dickson Rothschild</a>&nbsp;has designed the new building, which will rise as high at 14 storeys. There will be an 83-room hotel across the first seven levels, behind the retained heritage facade, and a rooftop bar for hotel guest.

Above the hotel will be an additional six-storey structure, with 30 one-, two-, and three-bedroom apartments.

<img alt="heritage" data-entity-type="file" data-entity-uuid="6d46f11c-9746-4ffd-bc75-f1b9ad8a8348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-14%20at%201.22.37%E2%80%AFPM.png?VersionId=u2H9P0Pmg1kI.xZukLK15BkEoYPxQ3jz" />

The ground floor would be activated by two food and drink premises, supported by shared building services including a loading dock, plant, waste facilities, and end-of-trip amenities located in the basement.

According to the Urban Design Report, the design strategy centres on reinstating the heritage building’s prominence at this corner location, improving the public interface along George and Barlow Streets, and introducing finer-grained ground-level activation.&nbsp;

The new upper form is set back to respect the existing street wall, while providing a scale transition to taller nearby developments envisaged under the Central Precinct Renewal and Haymarket–Chinatown Public Domain plans.

The George and Barlow Street elevations, identified as the most significant heritage elements, would be retained, while less-significant facades to Parker Lane and the northern boundary would be adapted to suit the new program.

SLD Development was founded in 2015 and has developments in Killara, Kogarah, Sutherland, and Castle Hill.&nbsp;

They noted on their website that the Haymarket development is "set to redefine luxury living in the heart of Sydney."

"This prestigious project will feature an exquisite blend of a luxury hotel and premium residential apartments, offering unparalleled comfort and sophistication. Ideally located on George Street, this development enjoys high pedestrian exposure and provides seamless access to the best of the city."

The latest plans joins several major announcements in the last few months. Lendlease has sought to <a href="https://www.apartments.com.au/news/nsw/lendlease-buys-approved-liverpool-st-hyde-park-development-site-on-sydney-cbd-fringe">develop around 200 apartments on Hyde Park</a>, while Charter Hall has been given approval to develop <a href="https://www.apartments.com.au/news/nsw/city-of-sydney-backs-charter-hall-s-925m-hyde-park-tower">its Hyde Park tower</a>.

First look: Apartment and hotel plans proposed for Haymarket’s heritage-listed GIO Building

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>&nbsp;has kicked off construction at its new Edmondson Park masterplan, Chapter Place, a mixed0use residential and retail precinct that will bring up to 1,900 new homes to Sydney's thriving south west.

The ground was broken for the first 43, three-level terraces in the development, which will be completed within 12 months.

It is the first of Chapter Place’s five sites to be developed across 51,634 sqm. Located just 800 metres from Edmondson Park Station, an estimated 4,700 residents will call the $1.5 billion development home by mid-2030. &nbsp;

Urban CEO Patrick Elias said the precinct marked a new chapter in high-quality residential development for the region.&nbsp;

“This is the first step in creating an innovative, sustainable and welcoming community, offering a mix of well-connected homes that bring smart, practical living to Sydney’s South West,” Elias said. &nbsp;

“Chapter Place will support community growth and connection, contributing to the urgently &nbsp;needed local housing supply with beautifully designed, high amenity housing and shared &nbsp;open spaces.&nbsp;

“Importantly, the development will also include 272 designated affordable homes for essential workers.”&nbsp;

<img alt="Chapter Place" data-entity-type="file" data-entity-uuid="ef159ec6-4ee0-4e3e-a34b-3c71ce11eb0f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/250627%20-%20UPG%20Chapter%20Place%20-%20Kitchen%20SB-MB%20Side%20Final-min.jpg?VersionId=fwbw1IzDKXmSXwQQ7IbNB9INx2WUmT6E" />

Liverpool Mayor Ned Mannoun welcomed the new development in the booming South West.&nbsp;

“Chapter Place is a wonderful new addition for Edmondson Park – an area that’s attracting &nbsp;residents drawn to its open green spaces, public transport, schools and thriving job market &nbsp;due to the construction of Western Sydney Airport and nearby Bradfield City," Mannoun said.

“This project will create another 5,200 new jobs over the next five years, which is another &nbsp;terrific boost for southwest Sydney residents.”&nbsp;

The site was acquired in 2021 from Landcom, the New South Wales Government's land and &nbsp;property development organisation.&nbsp;

<img alt="Chapter Place" data-entity-type="file" data-entity-uuid="5dc7da9a-b5a7-492a-a432-8bc0144393e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/250610%20-%20UPG%20Chapter%20Place%20-%20Rooftop%20Final-min.jpg?VersionId=InxydncyNnuezA6ccAnHeM.a.aZ0TU7B" />

Chapter Place showcases a range of innovative sustainability initiatives. In collaboration with Austral Bricks, Urban has created a custom brick produced just 22 kilometres from the site and incorporating 21 per cent recycled content. Carbon-neutral bricks will be used &nbsp;throughout the construction of Chapter Place apartments, reflecting a strong commitment to &nbsp;environmentally responsible design.&nbsp;

Other sustainability features include energy-efficient, fully electric appliances with maximum &nbsp;Energy Star ratings and solar battery storage to meet household operational energy needs. &nbsp;

Chapter Place follows Urban’s delivery of The Halston at North Strathfield, the first residential project to be completed under the NSW Government’s new affordable housing policy, which opened in June this year.&nbsp;

John Brogden, Chair of Urban’s Advisory Board, said the property marked another milestone in development for the Sydney market.&nbsp;

“This family-owned and run business is delivering a range of innovative and diverse housing &nbsp;choices that respond to changing needs and market demographics, especially in areas of &nbsp;high growth like Western Sydney.&nbsp;

“Chapter Place is another example of high-quality development that creates not just homes &nbsp;but thriving local communities.”&nbsp;

The first stage of 43 terrace homes, designed by Cox Architecture, is scheduled for completion in mid-2026. Construction on the second stage - comprising 63 terrace homes also designed by Cox - is set to commence in October, with completion expected by April 2027.&nbsp;

Urban CEO Patrick Elias said the precinct marked a new chapter in high-quality residential  development for the region

Urban Property Group reveals first stage of Chapter Place, 1,900 new homes in Edmondson Park

Slowest Selling

<html><body>
As expected, the Reserve Bank Board decided to leave the cash rate unchanged at 1.5%.
While we expected that result, we were not expecting any significant surprises in the Governor’s Statement.
We were wrong.
Readers will be aware that Westpac has been consistently critical of the RBA’s GDP growth forecasts for 2018 and 2019 of 3 ¼ per cent in both years.
We have consistently argued that the number will be more in line with 2.5%. In all recent statements, the Governor has noted “the Bank’s central forecast for the Australian economy is for GDP growth to pick up to average a bit over 3% over the next couple of years”. This is confirmed in the official forecasts from the February Statement on Monetary Policy of 3 ¼ per cent in 2018 and 2019.
In today’s statement, he notes “the Bank’s central forecast is for the Australian economy to grow faster in 2018 than it did in 2017”. Tomorrow, with the release of the December quarter national accounts,  the measure of GDP growth in 2017 will print. Consensus  expects  growth of 2.5%. Westpac expects 2.4%. On the reasonable assumption that the RBA has a similar estimate (forecast in February SoMP was 2.5%), the above statement can be interpreted as the Bank now feeling comfortable with growth being above 2.5%, which is a major qualification of the Bank’s previous growth outlook.
This change does not seem to be indicated by a change in rhetoric around the economy. Indeed, the Governor points out that growth in exports “is expected to recover from the temporary weakness at the end of 2017”. Arguably, we could interpret this observation as attributing the lift in growth in 2018 mainly to a pick-up in exports. While the Reserve Bank does not supply independent estimates of its forecasts for household consumption, we have always presumed that it is more optimistic for household spending in 2018 than in 2017.
Certainly, Treasury’s forecasts indicate an expected boost to consumer spending in 2018. The RBA continues to highlight the outlook for household consumption as a “continuing source of uncertainty”.
While this change in the attitude to growth appears to be somewhat more dovish, the Bank does show some more confidence about wages. The Governor points out that “the rate of wage growth appears to have troughed”. This is an upgrade from the wages commentary in previous statements. The facts are of course that annual wages growth lifted in the December quarter from 2.0% in the September quarter to 2.1%, also consistent with the Governor’s comment, “wage growth remains low”.
The commentary around housing has also changed somewhat. The two major markets, Sydney and Melbourne, are now singled out and described as “have slowed”.
There is no change in the commentary around inflation (“likely to remain low for some time”); the Australian dollar (“remains within the range it has been in over the past two years”); employment (“forward looking indicators continue to point to solid growth”); Terms of Trade (“expected to decline over the next few years”); and the global economy (“has strengthened over the past year”).
The recent volatility in the share market is recognised, although no implications for markets or the global economy are drawn.
Conclusion
The Reserve Bank appears to be less confident about the growth outlook. Nevertheless, we still believe that it expects to be raising interest rates beginning sometime in late 2018 and into 2019. That would be in line with current market pricing.
In contrast, Westpac is not surprised to see the Bank more cautious on the growth outlook and we continue to expect that the cash rate will remain on hold in 2018 and 2019.
BILL EVANS is chief economist of <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.
</body></html>

bevans-rYk9SxEa4r

Reserve Bank stays on hold: Implies a more cautious assessment of the growth outlook

<html><body>
Traralgon leads Victoria's ten slowest selling suburbs, according to CoreLogic RP Data.
Traralgon has a median price of $220,000 with sales taking 182 days.
<table border="1">
<colgroup>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td class="s0" colspan="3">10 Slowest selling days on market (above 130 days)</td>
</tr>
<tr>
<td class="s1"> </td>
<td class="s2"> </td>
<td class="s2"> </td>
</tr>
<tr>
<td class="s3">Suburb</td>
<td class="s4">Median Price ($'000)</td>
<td class="s4">Days on Market</td>
</tr>
<tr>
<td class="s1"> </td>
<td class="s2"> </td>
<td class="s2"> </td>
</tr>
<tr>
<td class="s5">Traralgon</td>
<td class="s6">220</td>
<td class="s6">182</td>
</tr>
<tr>
<td class="s5">Crib Point</td>
<td class="s6">256</td>
<td class="s6">174</td>
</tr>
<tr>
<td class="s5">Wallan</td>
<td class="s6">256</td>
<td class="s6">173</td>
</tr>
<tr>
<td class="s5">Bairnsdale</td>
<td class="s6">221</td>
<td class="s6">168</td>
</tr>
<tr>
<td class="s5">Lake Wendouree</td>
<td class="s6">360</td>
<td class="s6">152</td>
</tr>
<tr>
<td class="s5">Mooroopna</td>
<td class="s6">161</td>
<td class="s6">152</td>
</tr>
<tr>
<td class="s5">Ballarat North</td>
<td class="s6">245</td>
<td class="s6">151</td>
</tr>
<tr>
<td class="s5">Anglesea</td>
<td class="s6">465</td>
<td class="s6">148</td>
</tr>
<tr>
<td class="s5">Inverloch</td>
<td class="s6">335</td>
<td class="s6">140</td>
</tr>
<tr>
<td class="s5">Hallam</td>
<td class="s6">304</td>
<td class="s6">130</td>
</tr>
</tbody>
</table>
</body></html>

jonathanchancellor-7SQnKwU6yx

Traralgon leads Victoria's 10 slowest selling suburbs

<html><body>
The slowest selling private treaty market for houses in New South Wales is Scotts Head, with an average 196 days on market with a median price of around $329,000, but on the improve.
<a href="/news">Scotts Head</a> is a coastal village of the Nambucca Shire local government area in the mid North Coast region of New South Wales.
According to the CoreLogic RP Data, Berrigan followed with a median of $125,000 with 193 days on market.
 
<a href="/images/2015/07/25/Screen%20Shot%202015-07-25%20at%209.51.49%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/25/Screen%20Shot%202015-07-25%20at%209.51.49%20PM.png" alt="">
</body></html>

Slowest Selling

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Slowest Selling

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.