National property developer Goldfields has secured permit approval and appointed Victorian residential builder Ironside to begin work on The Brightly, an 11-storey, wellness and lifestyle-focused mixed-use development in Richmond.

<a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has partnered with Dexus Real Estate Partnership Fund 1 (DREP 1) as co-investor and delivery partner in the <a href="https://www.apartments.com.au/new-apartments/the-brightly-9-15-brighton-street-richmond-vic-3121">Brighton Street project</a>.

With architecture and interiors by design practice Cera Stribley, The Brightly will feature 100 apartments, a resident-only wellness space, elevated dining experiences including a private dining room and a rooftop garden lounge, and ground-floor retail designed to integrate with Richmond’s local character.

The wellness space will feature a hot magnesium pool, cold plunge, steam room, sauna, and a vitamin-infused drinking station for refreshment and rehydration.

The Brightly’s focus on wellness extends to the rooftop landscaped by award-winning landscape architect Jack Merlo. It will feature canopied retreats and panoramic views of the Melbourne CBD and Richmond Hill treetops. Residents can also host guests with a private bookable dining space on the rooftop garden lounge and an indoor option on the first level.

Cera Stribley’s architectural vision drew inspiration from the surrounding area, using the flowing form of the train lines to shape the façade and create a dialogue between the building and Richmond’s rich history. The design features a four-level podium lined with lush greenery, honouring the suburb’s character and streetscape through its scale and materials.

There will be a choice&nbsp;of one-, two- and three-bedroom apartments, along with 19 exclusive sub-penthouses and penthouses, for prospective purchasers.

Lachlan Thompson, Goldfields’ CEO, said The Brightly will define a new kind of urban luxury for Inner East living.

“By drawing on Richmond’s vibrant mix of culture and hospitality, we’ve combined a lifestyle centred on wellness,” Thompson said.

“Its proximity to Melbourne's sports and entertainment precinct, the CBD, parks, and public transport makes it a prime location for both young professionals and those seeking a lifestyle change. What we’ve created is something remarkable - it’s real, it's Richmond, and it’s refined."

Dexus Real Estate Partnership Fund 1 Fund Manager, Jason Howes, said the Brightly is a high-quality investment in a high demand area with limited residential stock expected to be added in the coming years.

“Partnering with Goldfields, we are delivering a project that will redefine lifestyle focused urban living, offering residents exceptional design and amenities in one of Melbourne's most vibrant suburbs,” he said.

Onsite demolition is underway, with construction set to commence in April 2026 and completion targeted for late 2027. The Brightly will launch to market in mid-2026.

[smartcode_project_cta:default project_id=146631]

Joel Robinson

Goldfields greenlit for The Brightly, Richmond apartment development

The Allan Labor Government has revealed the remaining 23&nbsp;Train and Tram Zone Activity Centres as part of their plan to try and encourage development around some of Melbourne's most connected suburbs.

The new zones includes&nbsp;four smaller ‘neighbourhood centres’ to plan for more modest growth.

<ul>
	<li>Five are connected to the new Metro Tunnel and are now experiencing more services: Caulfield, Springvale, Noble Park, Yarraman (neighbourhood centre), and Dandenong stations.</li>
	<li>Eight are along the Frankston Line, which has recently returned to the City Loop: Hawksburn, Toorak (Beatty Avenue), Armadale (High Street), Malvern (Glenferrie Road), Glen Huntly, Ormond, Bentleigh, and Mentone stations</li>
	<li>Four are along the Sandringham Line, which will see an increase in services later this year: South Yarra, Prahran, Windsor and Elsternwick stations</li>
	<li>Three are on the Belgrave/Lilydale Line and benefit from five-minute peak services on average between Ringwood and the city: Blackburn, Nunawading, and Mitcham stations</li>
	<li>Two neighbourhood centres on the Alamein Line: Ashburton Station, plus a combined centre for the two closest stations on the metropolitan network Riversdale &amp; Willison stations</li>
	<li>One neighbourhood centre, Toorak Village, is a built-up area along the Route 58 tram.</li>
</ul>

The <a href="https://spatial.planning.vic.gov.au/activitycentre/">draft maps</a> will now be subject to detailed community consultation.

A similar process occurred for the first 10 pilot Activity Centres, with clear changes made as a direct result of this community consultation.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/vic/50-new-train-and-tram-zone-activity-centres-to-encourage-new-apartment-development-across-melbourne">50 new ‘train and tram zone’ activity centres to encourage new apartment development across Melbourne</a>

The final train and tram zones will set clear expectations on where new homes can go, cutting out delays, uncertainty and red tape and getting homes off the ground. The remaining two in inner-Melbourne that cover the entire Local Government Areas of Melbourne and Yarra, will go through a separate process.

In the immediate ‘core’ the plans allow for more homes in taller apartment buildings.&nbsp;Some cores have heights of six storeys, while others have up to 20 storeys, only when it is in line with those councils’ planning work.

Eligible buildings across the core will be ‘deemed to comply’ with planning rules and be exempt from VCAT review. Applications in the core that exceed the specified height of the site are not eligible for this fast-tracked pathway.

In the walkable catchments that surround the core, the plans propose gentler height limits and more low-rise apartments and townhouses. Heritage and landscape overlays will stay in place.

Inner catchments, representing up to a five-minute walk from the station or centre, propose limits of four storeys, or six storeys on larger blocks of more than 1,000 sqm, while outer catchments, representing up to a 10-minute walk from the station or centre, propose limits of three storeys, or four storeys on larger blocks of more than 1,000 sqm.

By 2051, train and tram zones will help deliver more than 300,000 new homes, with final plans for all 50 new centres expected to be completed by mid this year.

“We want more Victorians to have the opportunity to live close to public transport, their loved ones, and the things that matter to them,"&nbsp;Minister for Planning Sonya Kilkenny said.

“Whether it’s making it easier to build homes close to public transport, townhouses in our inner suburbs, or family homes with a backyard, our planning reforms are all about giving more Victorians real housing choice.

“While we’re focused on giving more young Victorians the opportunity to have a home of their own, the Liberals are blocking them from being built. They oppose more homes near transport, jobs and services.”

Toorak and South Yarra earmarked for greater density as VIC Gov releases final Train and Tram Zone Activity Centres

Glen Waverley’s housing shortage is set to be closed by 50 per cent with the approval of 795 new apartments which will rise from a former carp park in the heart of the suburb.

The plans, lodged by <a href="https://www.apartments.com.au/developers/sunkin-property-group">Sunkin Property Group</a> and now approved by the Victorian State Government Development Facilitation Program, will transform the 6,114 sqm carpark at 281 Springvale Road, into an $800 million, mixed-use residential and commercial development in the metropolitan activity centre.&nbsp;

“281 Springvale Road has received planning approval for a mixed-use, high-density development that will provide much needed homes in Melbourne’s middle-ring suburbs, including affordable housing," Sunkin's GM of Property and Development Lloyd Collins says.

"We worked closely with key stakeholders, the Department of Transport and Planning, Suburban Rail Loop Authority and Monash City Council to achieve an integrated design with an activated retail ground level that will add to the success of Glen Waverley.

Glen Waverley’s population is projected to grow by 9 per cent by 2031, with an additional 1,600 dwellings required to &nbsp;service the area.

Around 1,000 sqm of the former carpark has been retained by Monash City Council for a new Civic Plaza, creating a central meeting point and public transport link for the local community. &nbsp;

Sunkin Property Group acquired the site from Monash City Council in 2024. The site will remain open as a public carpark until development commences.

[smartcode_project_cta:default project_id=149491]

$800 million, 800-unit development permit fast-tracked for Glen Waverley carpark

UAE developer <a href="https://www.apartments.com.au/developers/arada">Arada</a> is continuing to unveil its billions of dollars of residential development it is set to deliver in Australia.

Following on its plans for <a href="https://www.apartments.com.au/news/nsw/arada-pitches-castle-hill-apartment-plans-ahead-of-2026-launch">431 apartments in Castle Hill</a>&nbsp;and the 2025 bail-out of construction firm Roberts &amp; Co so it can build its own developments, Arada&nbsp;has sought the NSW Government's approval for three towers in the Campsie town centre.

The project, dubbed One Campsie, has been designed by Woods Bagot and will deliver 346 apartments to Beamish Street across three interconnected towers rising 24, 32, and 39 storeys.

According to the Woods Bagot Architectural Design Report, the design seeks to “redefine the urban experience of a rapidly transforming town centre,” delivering housing above an activated ground plane that integrates civic and commercial uses. The design adopts a three-part vertical composition, stepping and articulating the tower to reduce visual bulk and respond to its varied urban interfaces.

<img alt="First Look: Arada unveils 39-storey mixed-use tower for Campsie town centre in State Significant Development bid" data-entity-type="file" data-entity-uuid="f515807f-7277-4ea5-8b2b-a5718514f30a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campsie%20podium.png?VersionId=J3oSJpOvye8gpg1kjagODjdhOb0Cl28I" />

At street level, the scheme places significant emphasis on public domain upgrades. A new civic plaza is proposed opposite the Orion Theatre, alongside a landscaped pocket park and a through-site pedestrian link connecting Beamish Street to Campsie Street and Ninth Avenue. The Urban Design Justification Report states that the proposal “builds on Council’s Master Plan by applying a place-led urban design framework that responds to the site’s unique conditions and enhances pedestrian experience and public benefit.”

The documents note that the development aligns with the Master Plan’s intensification strategy for sites within walking distance of the Metro station, while seeking to retain solar access to key public spaces. As outlined in the Urban Design Report, the proposal delivers “intensification within walking distance of the Metro Station while retaining solar access to key parks."

<img alt="First Look: Arada unveils 39-storey mixed-use tower for Campsie town centre in State Significant Development bid" data-entity-type="file" data-entity-uuid="586ad606-a84f-49cc-b715-fc3ecb731205" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campsie%20podium%20a.png?VersionId=gNHaD.Os8yW4LVOdsJIdmmhlgQArs0Gm" />

Woods Bagot’s design narrative also draws on local history and Aboriginal cultural context. The Architectural Design Report references engagement with Wangal Country and the Cooks River landscape, seeking to embed a connection to Country through material selection, planting, and public art integration. The broader vision, as described in the report, is to create a building that functions as a “community catalyst, not only as a place to live, but as a vibrant destination for work and play that brings people together, supports local culture, and contributes meaningfully to the civic identity of Campsie.”

<img alt="First Look: Arada unveils 39-storey mixed-use tower for Campsie town centre in State Significant Development bid" data-entity-type="file" data-entity-uuid="f1bc9a44-0c1a-4e3f-8b27-38070b0d2744" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_2.png?VersionId=1JmMWg6jOU1rPpS9hCxy8s8H48xc0EiM" />

Located at 124–142 Beamish Street and 16–18 Ninth Avenue, the site occupies a key stretch of Beamish Street, Campsie’s traditional high street, characterised by fine-grain retail, multicultural dining, and proximity to civic infrastructure including the Orion Theatre and Canterbury Civic Centre. The proposed civic plaza and pocket park aim to strengthen this interface, formalising connections between retail frontages, public transport, and community facilities.

If approved, One Campsie would mark one of the tallest and most ambitious additions to the suburb’s skyline, reflecting the broader shift toward higher-density living around transport nodes in Sydney’s middle-ring centres.

First Look: Arada files for trio of apartment towers in Campsie town centre

Syd​ney builder-developer Scion has lodged a State Significant Development Application (SSDA) for a 22-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/96-anzac-avenue-west-ryde-nsw-2114">96 Anzac Avenue, West Ryde</a>, marking a significant step in the transformation of the Victoria Road gateway precinct.

Designed by Turner, the proposal would replace an ageing two-storey commercial building with 145 apartments and 29 co-living rooms, above ground-floor retail and three basement levels of parking.

The 3,149 sqm site sits just 150 metres from West Ryde train station, at the edge of the suburb’s retail core and diagonally opposite Anzac Park. It occupies a prominent corner with frontages to both Anzac Avenue and Victoria Road, positioning it as a key transition point between established residential neighbourhoods and the commercial centre.

The scheme is being advanced under the Housing Delivery Authority pathway as a State Significant Development, alongside a concurrent rezoning to lift the site’s height and floor space ratio controls.

Turner says in the Architectural Design Report that the proposal "responds to a unique opportunity to support the revitalisation of West Ryde through the delivery of a landmark development that combines high-quality residential offerings with enhanced public realm and active ground plane uses.”

Scion will be pushing height almost five times higher than what had been pitched for the site before.

Turner says the increased scale aligns with Council’s strategic direction for the precinct, including the West Ryde Town Centre Revitalisation Strategy (2019), the Draft Masterplan (2021), and the West Ryde–Meadowbank Renewal Strategy (2023).

“The increased height and density proposed aligns with Council’s evolving strategic direction for the precinct, as outlined in the Draft Revitalisation Strategy (2019), the 2021 Draft Masterplan, and the broader West Ryde–Meadowbank Renewal Strategy (2023), which collectively call for higher density, transit-oriented development and design excellence."

Turner describes the vision as establishing “a contemporary, mixed-use development that contributes positively to the West Ryde town centre.”

<img alt="West Ryde" data-entity-type="file" data-entity-uuid="c5c22c11-92b8-4ca6-b77b-b5848ae0176d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-02-12%20at%202.41.34%E2%80%AFPM.png?VersionId=aom0z8azYDw7Hl6.A6vDbCom5ozZICn5" />

The architectural response has been shaped by the site’s gateway role along Victoria Road and its proximity to Anzac Park and surrounding heritage elements, including the Sydney Water pumping station opposite the site.

The design process also incorporated consultation around Connecting with Country principles. The design report outlines engagement with Cultural Heritage Consultants Artefact and Aunty Julie, a Burruberongal woman of the Darug Nation, informing planting selection, materiality and potential public art opportunities.

Turner says the scheme aims to optimise the site’s capacity while balancing yield and amenity.

“The proposed scheme seeks to optimise the site’s potential by balancing yield, amenity, and urban integration. It will deliver a high-quality, mixed-use precinct that supports West Ryde’s ongoing transformation into a connected, accessible, and liveable centre."

Scion recently completed the build of its own development, The Sterling in Lane Cove. They are currently building Chatham in West Ryde, just 500m from the new proposal. Those 62 apartments will complete later this year.

First look: Scion pitches tower plans for West Ryde

St Ives

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A large family home in St Ives Chase, on Sydney’s North Shore, has sold to a local family for $1,880,000.
101 Warrimoo Avenue is a four bedroom (two bathroom) single level house, situated on a 930 square meter block.
It also has a substantial turfed backyard.
<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/2020/5/20/st%20ives%20trophy%202.jpg" alt="">
Built in 1987, the home previously sold in 1999 for $533,000.
“There is pent up demand for quality property in Sydney’s North Shore and this sale was an example of how a carefully positioned marketing campaign and quality database can attract strong competition,” said the Director of Residential at Savills Australia, said Chris Orr.
“With 62 inspections over a six day period and a result 12% higher than the client’s expectations, it certainly feels like we’re at the start of another bull market.”
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j.ballantyne1990-6AQqhLzZaK

St Ives Chase trophy home sells 10% over expectation

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A St Ives house, at 7 Bimburra Avenue, has sold for $4.55 million pre-auction.
The five-bedroom home features four bathrooms, a double garage, acustomised wine cellar room with 340 bottle storage, expansive lawns, and a large pool.
It is situated on a 1,050 square metre block, and has 410 square metres of internal floorspace. 
The home was completely rebuilt last year by developers Homestead Homes, who purchased the property for $2.25 million.
St Ives median house price is $1.85 million.
Another five-bedroom home, at 50 Cowan Road, represents the suburb most expensive home, having sold in mid-2018 for $10.5 million.
David Walker and David Beveridge, from Ray White Upper North Shore, listed the Bimburra Avenue property. 
 
 
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Bimburra Avenue, St Ives trophy home sold for $4.55 million

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One of the 10 homes in the 1966 Pettit + Sevitt display village at St Ives has been sold.
Known as the Courtyard House since it was designed by the late architect Ken Woolley, the home featured as part of Sydney Living Museums Australian houses tours in 2014.
It was only the third time the Staddon Close home had been offered to market.
No price reveal has been offered, but $1.5 million was being sought.
“We have lovingly preserved this architectural gem, and hope to find a buyer who will love it has much as we have,” vendor Eleanor Johnson said.
The house retains its original internal floorplan with a sympathetic fourth bedroom extension in the 1980s.
Its Savills listing agent James Yahl said Mid-Century modernist architecture is what buyers are looking for with open-living spaces and a connection to the outdoors.
There had been an earlier display village in St Ives on Mona Vale Road and Richmond Avenue.
Pettit + Sevitt have new designs about to be released reflecting their classic designs.
 
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firstname1-iYD4UYzvBa

Tightly-held 1960s Pettit + Sevitt display village home sold in St Ives

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One of the 10 mid-century homes in the 1966 Pettit + Sevitt display village at St Ives has found its latest owner.
The five-bedroom $1.8 million home on Staddon Close had been substantially altered by its past five owners.
But its neighbour, known as the Courtyard House, goes to an August 17 auction.
With just two owners ever, it retains its original internal floorplan with a sympathetic fourth bedroom extension made in the 1980s.
The home was part of 2014’s Sydney Living Museums Australian Houses Tour, at which time its architect Ken Woolley took visitors through the home. Woolley has since died.
It’s been listed through Savills agent James Yahl by Eleanor and Phil Johnson who hold $1.54 million hopes.
This article was first published in the Sunday Telegraph.
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Rare 1960s Pettit + Sevitt display village home in St Ives sells

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One of the 10 homes in the 1966 Pettit + Sevitt display village at St Ives has hit the market.
Known as the Courtyard House since it was designed by the late architect Ken Woolley, the home featured as part of Sydney Living Museums Australian houses tours in 2014.
It will be the third time the Staddon Close home has been offered to market.
“We have lovingly preserved this architectural gem, and hope to find a buyer who will love it has much as we have,” vendor Eleanor Johnson said.
The house retains its original internal floorplan with a sympathetic fourth bedroom extension in the 1980s.
Its Savills listing agent James Yahl said Mid-Century modernist architecture is what buyers are looking for with open-living spaces and a connection to the outdoors.
There had been an earlier display village in St Ives on Mona Vale Road and Richmond Avenue.
Pettit + Sevitt have new designs about to be released reflecting their classic designs.
This article was first published in the Sunday Telegraph.
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Rare 1960s Pettit + Sevitt display village home for sale in St Ives

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Retired Socceroo captain Mile Jedinak has sold his St Ives investment apartment for $820,000.
The 34 year old Camperdown-born midfielder, who is currently playing for Aston Villa in England, paid $570,000 for the apartment in 2009, just after he left the Central Coast Mariners for Europe.
The 90 square metre, two bedroom apartment in the Meriton-built Loralea Gardens complex, has been a rental during his decade long ownership while he played overseas.
The sale was through Meriton Group project sales manager Jason Miao WHO secured the sale, having initially offered a guide of $850,000 to $900,000, before revising the guide to $800,000 to $850,000.
Jedinak is rumoured to be returning to the A-League next season, with one of the expansion teams believed to have tabled an offer.
This article was first published in the Saturday Daily Telegraph. 
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Retired Socceroo captain Mile Jedinak sells St Ives apartment

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RECENTLY retired Socceroos captain Mile Jedinak is selling his long-held Sydney investment apartment on the upper north shore.
The St Ives unit almost book-ended his Socceroos career as he bought the apartment from the ­developer in 2009, shortly after making his international debut.
He captained the Socceroos in the 2014 and 2018 World Cups, representing Australia 79 times.
Jedinak, who is now based in the English Midlands with wife Natalie and their three boys, paid $570,000 for the unit.
He currently plays for championship club Aston Villa.
The St Ives offering, set in the Meriton-built Loralea Gardens complex, has two bedrooms and two bathrooms. There is 90sqm of ­internal space.
It has a north-facing lush tree-lined outlook from its 13sqm balcony that runs the full width of the Memorial Ave unit.
The complex with landscaped gardens features a fitness centre with lap pool, spa and sauna. Meriton Group project sales manager Jason Miao has the listing with $850,000 to $900,000 price guidance. It is currently tenanted at $650 a week.
<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/2018/10/15/jedinak2.jpg" alt="">
St Ives apartments have soared 47 per cent in price in the past five years, according to CoreLogic, with 8 per cent annual compound growth. The median price for two-bedroom units is $895,000, with a 3.7 per cent rental yield.
Jedinak began his career at Sydney United, with his performances earning him a trial, leading to a contract, with the Central Coast Mariners. The apartment was secured just after Jedinak left the Mariners to join Turkish club Gençlerbirligi.
Two years later the Camperdown-born midfielder moved to the English Premier League where he spent five seasons at London club Crystal Palace.
He made his debut for the Socceroos in 2008 and captained the Socceroo's in the 2014 and 2018 World Cup finals. 
He became a fan favourite at Crystal Palace when he scored a late winner in the final game of the season to secure a playoff place.
He captained the side to a playoff final win, taking them to the Premier League, and winning the player of the year in the process.
This article was first published in the Sunday Telegraph. 
 
 
 
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Retired Socceroo captain Mile Jedinak lists St Ives investment

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On Sydney's upper north shore a St Ives offering has been sold off market by a billionaire who hails from the petrochemical industry in China.
The 5729 sqm Douglas Street property sold a year ago at $9.9 million with an older style single-level double-brick home, guest house, a pool and a tennis court.
But Paul Diks and Daniel Jin at Richardson &amp; Wrench had it re-listed.
They secured $11.2 million.
It seems it might now become a site for five houses.
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St Ives sale secures record $11.2 million

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Popularity for residential properties in St Ives has increased, according to Savills latest report.
“The predominantly residential suburbs of St Ives and St Ives Chase are situated on the Upper North Shore of Sydney, approximately 18km from the Sydney CBD.
“St Ives has recently experienced an increase in popularity and is now considered a suburb of choice, whereas it was once viewed as a more affordable alternative to the neighbouring suburbs of Pymble and Gordon.
“Amongst other attributes, shopping centre and parks, as well as access to city and bus services mean residential property in the St Ives area is in high demand.
“Given the suburb developed later than neighbouring suburbs, the primary architecture style is modern homes on larger than average blocks of land as opposed to period homes.
“These large homes are attractive to growing families, particularly given the lack of preservation restrictions, which are found in neighbouring, older suburbs.
“As well as the housing stock, in the past ten years there has been a large growth in the development of apartment blocks, particularly around the shopping centre.
“This is part of the government mandate for more medium density housing throughout Sydney,” the report stated.
Savills says that property prices in St Ives and St Ives Chase has significantly increased in the past decade.
“Property values in St Ives and St Ives Chase have experienced significant growth over the past decade with house prices increasing by 95 percent and 110 percent respectively, in line with the Sydney average.
“Over the past year, price growth has remained in double digits while a slowdown was recorded across other parts of Sydney, reflecting a lack of supply in the area.
“Apartment prices in St Ives recorded a more subdued rise over the longer term, increasing by 45 percent over the past ten years.
“However, much like houses, growth over the past year has outperformed the Sydney average with a rise of 9 percent.
“The average sale price for a house in St Ives and St Ives Chase in December 2016, was $1,905,000 and $1,756,000 respectively.
“This is significantly higher than the Greater Sydney average of just over $1,000,000 but offers a discount compared to the neighbouring suburbs of Gordon and Pymble where the medium house price is $2,445,000 and $2,302,000 respectively.
“However, this gap in prices is beginning to narrow as the popularity of St Ives increases,” the report advised.
The current median price of houses in St Ives and St Ives Chase in 2017 according to CoreLogic is $1,985,000 and $1,840,000 respectively.
A five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-st+ives-125275902" target="_blank">10 Kitchener Street</a>, St Ives (above) has been listed with a price guide of $1.95 million.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-st+ives-123591890" target="_blank">39 Douglas Street</a>, St Ives (below) has been listed for $1.895 million.
<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/2017/05/31/39%20Douglas%20Street.jpg" alt="">
The median rent in St Ives is higher than Sydney averages according to Savills.
“While the private rented sector in St Ives is much smaller than other areas across Sydney, it is growing.
“At $1,200 per week for a house and $710 per week for a unit, the median rent in St Ives is higher than the Sydney averages of $650 and $560 per week.
“However, rental values vary significantly depending on property type and size,” the report commented.
Downsizers play a key part in St Ives’ housing market Savills says.
“Downsizers play a key part in the housing market in St Ives as the majority have paid off the mortgage on their larger, family homes, giving them significant buying power on their next, smaller property.
“Across the suburb, just over a quarter of the population are aged over 60 compared to 18 percent across Greater Sydney.
“International buyers are an important source of demand for the housing market across Sydney as both owner occupiers and investors.
“In St Ives, there has traditionally been a large South African population.
“This is still the case with 12 percent of the population born there compared to just 0.8 percent across Greater Sydney.
“There is also a growing Asian population in the area.
“The most recent census data from 2011 recorded 9 percent of residents describing their ancestry as Chinese, slightly over the Sydney average.
“This is likely to have increased over the past six years, as Chinese buyers look further afield.
“Accessibility to employment locations is high priority for many house hunters.
“Residents in St Ives work in a number of locations, reflecting the suburb’s connectivity to both the centre of Sydney and other key employment locations.
“The largest employment industry for people living in St Ives is the Professional, Scientific and Tech sector accounting for 18 percent of employees compared to an average of 10 percent across Sydney.
“This industry is the fastest growing in Sydney meaning St Ives is well placed to draw on the newly created wealth in these industries,” Sophie Chick, Head of Savills Residential Research stated.
Savills says that low interest rates, population growth and investments are some of the factors that will determine the outlook for St Ives.
“It is important to assess the outlook for the St Ives area in the context of the Sydney market.
“Factors such as low interest rates, population growth and infrastructure investment point to a positive economic outlook for NSW over the next five years.
“These factors are expected to continue to support demand for housing, particularly in Sydney.
“However, we do expect the rate of house price growth to slow, given the affordability pressures and the regulatory measures implemented to slow the amount of bank lending to investors.
“The St Ives area continues to offer good value in comparison to neighbouring suburbs as well as having high quality housing stock, an abundance of open space and good schools.
“We expect these factors to continue to appeal to buyers, particularly families,” the report commented.
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St Ives residential market continues to grow in popularity: Savills

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A St Ives trophy home has been sold for $3.1 million.
The family home at 26 Richard Road St Ives sold last Friday.
The five-bedroom home is located on the 950 square metre corner block of Richard Road and Byron Avenue. 
The home features a luxurious two-storey high glass wall overlooking the pool area. 
The property was sold by Raymond Lin at Savills Cordeau Marshall Lindfield. 
The median house price in St Ives is $1.7 million according to CoreLogic RP Data.
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Developments

New apartments

New townhouses

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