The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

Joel Robinson

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

A subtropical pair of residential towers are in planning for a key South Brisbane site neighbouring the iconic Expo ’88 Skyneedle, with new documents revealing a vertically layered vision designed to respond to the precinct’s evolving high-density character.

The proposal has been lodged by&nbsp;Darveniza Group, which is also is behind the 400-apartment Station Quarter precinct in Alderley.

Darveniza Group, led by Jane Darveniza, the Brisbane-based investor and Queensland rich-lister and widow of the late property magnate Bojan Darveniza, is seeking approval for a mixed-use project encompassing 204 apartments, ground-level retail, food and drink tenancies, and office space across two architecturally integrated towers at 37–39 Manning Street.

Occupying an 1,822 sqm site, the proposed towers would rise above a sculptural podium base, with a recessed landscaped centre, rooftop communal areas, and a total of 220 car parks and 256 bicycle bays. The apartment mix spans one- to five-bedroom dwellings, with a design emphasis on generous balconies, cross-ventilation, and climate-responsive materials.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="42c1f501-2afd-440b-af49-67c257123ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20podium.png?VersionId=KFlksfWzmDRD.VIYxd_1q3VAel.nN3TH" />

“The development is conceived as two slender twin buildings that meet at a lushly landscaped central recess,” the Finegrain design report states. “The façade is highly articulated with the plan form stepping back and forth to reduce visual bulk and maximise internal occupants’ access to natural light and air”.

A hallmark of the proposal is its integration of greenery, both visually and functionally. Around 77 per cent of the site’s green plot ratio is delivered through vertical planting spines, a green podium wall, and rooftop amenity. Ground-level deep planting and landscaped communal zones aim to create a shaded, walkable interface along Manning Street.

“The stepped plan form introduces variation in balcony setbacks and enclosed apartment areas, enriching both the façade expression and the resident experience,” the design team notes. “At ground and podium levels, this stepping also enhances permeability, maximising pedestrian view lines to the neighbouring Skyneedle and reinforcing a strong sense of local identity”.

<img alt="First look: Twin towers proposed for Manning Street site beside Skyneedle" data-entity-type="file" data-entity-uuid="b3f26dfc-6b93-465c-9ffb-0a2530372a23" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manning%20site.png?VersionId=JflvKdqDxcaHTFbb9HL5TwoiRgeQ2LqA" />

The site directly adjoins the heritage-listed Skyneedle at 35 Manning Street, an enduring legacy of World Expo ’88. The accompanying heritage impact report by Pendergast Architects contends that the proposal has been carefully conceived to protect the cultural significance and landmark visibility of the structure.

“The design provides setbacks, tower separation and podium articulation to maintain the visibility and landmark role of the adjoining Skyneedle,” the report states. “The significance of the Skyneedle lies principally in its landmark visibility and cultural symbolism, rather than in detailed fabric or architectural setting”.

The proposal sits within the Kurilpa Sustainable Growth Precinct, under Brisbane’s TLPI 02/2023, where revised planning controls support high-density, mixed-use development integrated with subtropical design and increased public realm contributions.

Finegrain’s design reflects this intent, drawing cues from the site's adjacency to Musgrave Park, the subtropical landscape of South Brisbane, and cultural landmarks such as QPAC and South Bank.

Twin green towers proposed for Manning Street, South Brisbane site beside Skyneedle

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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