The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Sydney Apartments

The ASX-listed Woolworths Group, has lodged plans for a mixed-use redevelopment across Rangers Road in Neutral Bay.

The supermarket giant's development arm, Fabcot, has submitted the&nbsp;plans to reinvigorate the already existing retail space, along with an activated pedestrian laneway and plaza, as well as residential apartments.

The project&nbsp;will provide a mix of one, two and three-bedroom apartments, starting from 65 sqm for the one-beds to the largest offering at 398 sqm, all adjoining to landscaped balconies.

<img alt="" data-entity-type="" data-entity-uuid="" height="1116" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.31.25_am.png" width="1578" /> 
Artist Impression, Central Plaza View. Credit:&nbsp;Ivolve Studios

Designed by renowned Sydney-based architects, Koichi Takada, the $6 million project will be visually connected to Military Road, with open corners to Rangers Road and a large open entry plaza.

The building form has been broken into distinct forms to break down the mass and create articulation between the podium, and upper floors.

The public plaza design plays an integral role in the precinct, with a highly active retail and dining, office and residential space existing throughout new green spaces, designed by Arcadia, as well as community facilities.

“The principal design approach was to create an intrinsic relationship between architecture and nature while promoting a variety of retail activation, integrated outdoor seating, and good pedestrian connectivity from Rangers Road to Yeo Street,” Koichi Takada Architects noted in their design application.

<img alt="" data-entity-type="" data-entity-uuid="" height="1120" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.31.43_am.png" width="1580" /> 
Artist Impression, Yeo Street Facade. Credit: Ivolve Studios

“The public plaza combines substantial planters to promote canopy trees growth as well as water fountains to promote children’s play.”

The architectural design incorporates façade planters to the setback and terrace floors, with a residential communal open space allocated on the rooftop with a plunge pool, seating, and barbecue facilities.

The feature façade concept integrates modular planters on slabs to provide both the commercial and residential residents a connection to landscape.

The perimeter retail to the plaza expresses a double height volume to enhance the layers of activation both at the ground floor and level one, with the site link visually connecting the plaza to Yeo Street, activating the side streets, while the anchor tenant, Woolworths, will ensure constant foot traffic across the ground floor.

The outdoor dining space will be covered and protected by the feature awning, allowing the spill out of retail and cafe tenants to engage with the public domain, while providing a protected path of travel for pedestrians.

The feature awning is supported with organic columns reminiscent of the branches of a tree, with greenery spilling over the awning effectively continuing the landscape character from the public domain up onto the building façade.

<img alt="" data-entity-type="" data-entity-uuid="" height="1118" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_11.32.09_am.png" width="1582" /> 
Artist Impression, View of Plaza. Credit: Ivolve Studios

“Inspired by the naturally occurring landscape character of Neutral Bay, the design integrates public activation with a natural and refined aesthetic, providing an activated, unique and integrated public domain.”

“The gentle curves of the sandstone gully’s and Angophora Trees that have existed in Neutral Bay’s natural context, inspired an architectural language that is organic, curved, and sophisticated. The natural facade ties into Neutral Bay’s past and aims to invigorate Rangers Road with community facilities and public domain activation.”

The high-quality retail with a focus on food and beverage offerings, activating the precinct with community amenity during both the night and day. &nbsp;

alisonwarters@gmail.com

Woolworths Group to redevelop Neutral Bay site with residential apartments  

The national property developer, Fortis, has been given the green light by the&nbsp;Woollahra Council to go ahead with their luxury apartment development on Rose Bay&#39;s Spencer Street.

The&nbsp;development of 12 apartments at 5-13 Spencer Street is the group&rsquo;s third project in the area.

Construction is expected to commence later in the year, delivering a collection of two and three-bedroom apartments, boasting large living, entertainment and outdoor areas.

Designed by MHN Design Union, the Spencer St project will feature natural stone, with the building&rsquo;s form defined by regular openings, deep reveals, columns and solid panel walls that provide rhythm of light and shadowed elements through a mix of light textured render and a custom format handmade brick.

Located on a north-facing block, residences will bask in natural light, each complimented by private garages, expansive outdoor areas and lush gardens, designed by leading Australian creative landscape practice, Dangar Brian Smith, with select ground floor apartments featuring private pools.

&ldquo;Spencer St is our third residential project in Rose Bay, following The Benson and No.1 Carlisle. The response we have previously had from residents in this neighbourhood has been incredible, with Fortis projects selling out months before completion,&rdquo; says Charles Mellick, Director, Fortis.

<img alt="" height="451" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-27_at_1.01.20_pm.png" width="628" />

Spencer St is the groups third residential project in Rose Bay, following The Benson and No.1 Carlisle, with Fortis Director, Charles Mellick saying the response from previous residents in the area has been incredible, with Fortis projects selling out months before completion. &nbsp;

&ldquo;Our sales success is a reflection of the robust demand in Sydney&rsquo;s eastern suburbs, where residents desire luxury living spaces that offer the best of location, amenities and quality. With an expected end value of $94 million, we are confident that Spencer St will be equally well-received by the local community,&rdquo; he added. &nbsp;

Just a short walk from Rose Bay village, Spencer St lands on an amalgamated 2,223 sqm site that consolidates four independent properties, which was acquired by Fortis for $28.5 million in early-2021.

Located less than 10 kilometres from the Sydney CBD, the Rose Bay site is just a short walk away from the new Harris Farm&nbsp;precinct and is in proximity to Rose Bay beach and ferry wharf, along with the Royal Sydney Golf Club, Royal Motor Yacht Club and Point Piper Marina. With a wealth of nearby recreational amenity, Rose Bay is also well serviced by a string of public transport options.

Pallas Group is the parent company of real estate financier and investment manager, Pallas Capital, and property developer, Fortis. The expected end value of Fortis projects currently under construction or under a planning proposal is $3 billion nationwide.

Construction is expected to commence later in the year, delivering a collection of two and three-bedroom apartments, boasting large living, entertainment and outdoor areas.



Fortis secures development approval for third Rose Bay apartment development 

Sydney developer, Coronation Property is helping to make stepping onto the property ladder a little easier for aspiring home buyers.&nbsp;

Coronation, a local developer of mixed-use developments and masterplanned communities across Sydney, has recently launched their &#39;Own Way&#39; finance scheme, which offers flexible deposit arrangements for aspiring buyers.&nbsp;

The scheme caters to homebuyers wanting to get a foot in the door, but who may be struggling to save for the substantial 10 per cent deposit, with the payment scheme allowing purchasers to secure an apartment with just a one per cent, up front deposit.

[smartcode_project:default project_id=31751 project_image_fid=160999]

After which, buyers can continue to save and pay off the remaining balance of the 10 per cent deposit over a 12-month period.

Further easing the burden for young buyers, the Own Way payment scheme has no impact on eligibility for the NSW Government&rsquo;s First Homeowner Grant and First Home Buyers Assistance Scheme.

The scheme is eligible at Coronation Property&#39;s&nbsp;project, Mason &amp; Main - the group&#39;s precinct-style project west of Sydney in Merrylands.

Les Landerer, a senior executive at Coronation Property, says the scheme was primarily designed to support first home buyers and young families, who are consistently priced out of the housing market.

&ldquo;Coronation Property is committed to helping more purchasers on their personal journey towards buying their first property, because we understand it&rsquo;s one of the most valuable and rewarding investments most people will make in their lifetime,&rdquo; Landerer says.

[smartcode_project:default project_id=31751 project_image_fid=161005]

&ldquo;With the gap between median house and unit values in Sydney increasing, the Own Way scheme allows buyers to enter the local property market at an attainable price point, without having to sacrifice on quality.

&ldquo;We collaborate with the most distinguished architects and interior designers in the industry to develop and build high-quality, high-design residences, crafted especially for the diverse lifestyles of our buyers, and this new scheme is our way of helping people gain affordable entry into Sydney&rsquo;s housing market.&rdquo;

After trialling the incentive with select customers in 2021, Coronation Property noticed strong uptake of the offer, which in turn helped with the decision to expedite the launch.

First home buyer, Soomin Lee, was among the first to take advantage of the Own Way scheme, purchasing a two-bedroom apartment at&nbsp;Mason &amp; Main.

[smartcode_project:default project_id=31751 project_image_fid=161001]

&ldquo;I feel like we&rsquo;re always told to buy house and land, but the 10% upfront deposit wasn&rsquo;t feasible for me,&rdquo; Lee said.

&nbsp;&ldquo;By locking in an apartment on a one per cent upfront deposit instead, and then having time to save the remaining portion of the deposit, I was able to get into the property market straight away and have the convenience of being able to pay the remaining balance over a reasonable timeframe.

&ldquo;Without the one per cent incentive I would have had to wait another two to three years to buy a home. It was always in the back of my mind, but I wasn&rsquo;t able to make it a priority,&rdquo; Lee added.

[smartcode_project_cta: project_id=31751]

The scheme caters to homebuyers wanting to get a foot in the door, but who may be struggling to save for the substantial 10 per cent deposit, with the payment scheme allowing purchasers to secure an apartment with just a one per cent, up front deposit.



Coronation Property launch one per cent home deposit scheme to support homebuyers

Development around Castle Hill&#39;s Showground Precinct is continuing to gather steam.

The latest plans are from the Sydney developer Landmark Group, who are plotting a $28 million, 100-apartment project across&nbsp;16-18&nbsp;Partridge Avenue and 21-23 Middleton Avenue, Castle Hill.

The apartments will be&nbsp;spread across two seven-level buildings designed by DKO. Half have been reserved for affordable housing.

The U-shaped building form will address&nbsp;both adjacent streets and embraces a northern oriented central communal open space, the planning documents note. It has been designed as an integrated and cohesive built form outcome.

&quot;The proposed distribution of built form and massing of the buildings across the site is the result of a considered analysis of the context of the site and the desire to deliver a positive urban design outcome that is consistent with the desired future character for the site and the Showground Station precinct generally,&quot; the submission by Sutherland &amp; Associates Planning noted.

<a href="/new-apartments/16-partridge-avenue-castle-hill"><img alt="" height="278" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-26_at_9.12.11_am.png" width="527" /></a> 
The view from Partridge Avenue. Image credit: DKO

&quot;The proposal is a high quality transit orientated development that will provide housing choice, and importantly affordable housing, in a location that enjoys exceptional access to the forthcoming Showground Train Station and employment opportunities within the Showground Precinct and wider Sydney area.&quot;

The Showground Station Priority Precinct was announced by the NSW Government in 2014 to maximise the use of the Sydney Metro Northwest which is being delivered as part of the North West Growth Area.

The Showground Station Precinct was rezoned in December 2017 and is forecast to deliver approximately 9,000 new homes and 2,300 jobs over the next 20 years, transforming the area around Showground Station into a vibrant local centre and contributing to Castle Hill as a strategic centre.

Castle Island, by KWG Property, is one of the most recent projects to launch in the Showground Precinct.

The $300 million project&nbsp;comprises 295 apartments spread across seven buildings near the new Showgrounds town centre. Inspired by nature, Castle Island is the work of local architectural firm, Giles Tribe, and two international architects, Hong Kong&rsquo;s ARVA Architects and DLN Architects.

[smartcode_project:default project_id=112005 project_image_fid=191246]

CBD Core has also <a href="/news/nsw/cbd-core-bulk-up-2022-castle-hill-apartment-pipeline-with-latest-plans">recently filed for 67 apartments in the precinct.&nbsp;</a>

The low-rise towers, dubbed Ashford and Partridge&nbsp;for their locations&nbsp;fronting&nbsp;Ashford Avenue and Partridge Avenue, will rise six levels and will be home a mix of&nbsp;two studio apartments, 11 one-bedroom apartments, 39 two-bedders, 15 three-bedroom apartments.

<img alt="" height="377" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cbd_core_1.jpeg" width="580" /> 
A render of the new plans by CBD Core

CBD Core saw success with their Oriel project in the area, and are soon to launch Astrid, a block of 94 apartments just behind Oriel.

Astrid will feature&nbsp;extensive work from home facilities, with a conscious effort to create both indoor and outdoor communal spaces, outside of the apartments so those working from home have the option to still be away from where they reside. Residents will also have access to the a gym, swimming pool, and a rooftop with barbecues and seating spaces.

A local developer is also <a href="/news/nsw/castle-hill-set-for-94-million-apartment-development-in-the-showground-station-precinct">seeking to create 255 apartments across five buildings</a> at&nbsp;7-23 Cadman Crescent and 18-24 Hughes Avenue,&nbsp;centred around a courtyard with extensive landscaping, greenery, and a natural pool with waterfall.

<img alt="" height="373" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_hill_mhndu_4.jpeg" width="662" /> 
The architecturally-designed building on Cadman Crescent. Image credit: MHNDU

MHNDU associate Amanda Stollery took the lead of the design of the Cadman Crescent project,&nbsp;noting in the design verification statement that the&nbsp;proposal seeks to provide a seamlessly integrated residential community facilitating population growth in areas of transition.

&quot;Situated in a revitalising precinct, this proposal seeks to provide a seamlessly integrated residential community facilitating population growth in areas of transition and high density,&quot; the statement read.

The apartments will be spread across two seven-level buildings designed by DKO. Half have been reserved for affordable housing

Castle Hill Showground Precinct development continues with new Landmark apartment plans

Cammeray is set for a new boutique apartment development.

The newly formed development firm ARCH is&nbsp;behind the&nbsp;plans for the&nbsp;four-storey apartment building at&nbsp;18 Vale Street.

Dubbed Millervale, due to its location&nbsp;on the corner of Miller and Vale Street, the project will comprise just eight, three-bedroom apartments across the striking building.

&ldquo;We are very excited for our first project Millervale,&quot; ARCH&#39;s Marcus Hinzack told Urban.

&quot;It ticks all our strategic goals of being in a great suburb with high levels of amenity, close to the local village and nature walks and very well connected to the rest of Sydney.

&quot;ARCH are going to hang our hat on putting design, both aesthetics and functionality above all else, and we were very careful to select a like minded architect DKO who share our values,&quot; Hinzack added.

<a href="/new-apartments/millervale-18-vale-street-cammeray"><img alt="" height="1158" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.30.24_pm.png" width="2008" /></a> 
Perspective view looking north from Vale St. Image credit: DKO

&quot;As a team we spent a lot of time researching Cammeray and taking a lot of the design cues and understanding the local vernacular of the surrounding homes to create a contemporary apartment building that also nods to the history of the suburb and sits very well in its context&rdquo;.

Early in the design process, the landscape and built form character of Cammeray was analysed by ARCH and architecture firm DKO. From this a Cammeray character &ldquo;kit of parts&rdquo; was developed, including palettes of materiality, colour, texture and architectural features, forming the basis of the architectural and landscape concepts.

ARCH noted in there development application a key driver for the project was to develop a strongly site-derived proposal, which reflected the unique attributes of the area to strengthen local identity despite its continuing densification.

Millervale will&nbsp;replace the existing three-houses on the amalgamated 902 sqm site. The scale of the building is in keeping with the older walk-up style apartment buildings in proximity to the site.

DKO Senior Associate Sonny Oh noted in the design statement submission that&nbsp;the role of DKO&rsquo;s architecture is to mediate between the past, present and future of the site and surrounds.

&ldquo;The dwelling size and mix is in response to the demographics of the area and a market demand for larger apartments, which offer an alternative to detached or semi-detached dwellings,&rdquo; Oh wrote.

<a href="/new-apartments/millervale-18-vale-street-cammeray"><img alt="" height="1150" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_2.28.12_pm.png" width="1336" /></a> 
Perspective view of pedestrian entry on Vale Street. Image credit: DKO

Offering open and light spaces, the apartments have considered ventilation, outlook, solar access and storage, further responding to the market needs.

The landscaping is a key component of the design, and has been sought to be integrated throughout the built form to contribute to the existing landscape character of the area as well as providing significant amenity to the future residents and neighbouring residents of the site.

Millervale will be part of the growing suburb of Cammeray, in the leafy Lower North Shore area.

Within close proximity to the Local Centre of Cammeray and Cammeray Square shopping centre, residents will benefit from a variety of everyday services and hospitality offerings, all within a five-minute walk. It is also situated adjacent to Cammeray public school, and Norths Cammeray Club, which is also within a five-minute walk.

Bus stops directly adjacent to the site along Miller street provide access to public transport to Chatswood, Crows Nest, North Sydney and onto the CBD, while the surrounding context also has a range of open space and recreational amenity, offering a diversity of passive and active spaces.

Dubbed Millervale, due to its location on the corner of Miller and Vale Street, the project will comprise just eight, three-bedroom apartments across the striking building.

First look: ARCH lodges plans for Millervale, Cammeray apartment development

Crown Group Chairman and CEO Iwan Sunito says that to master something, you must be at one with the object you create.

That's the origins of the name of Crown Group's latest Sydney development, Mastery by Crown in Waterloo, a collection of five visually striking buildings creating a mini-community a stone's throw from the city.

“It’s about being at the top of your game, bringing a lifetime of knowledge and experience to achieve the optimum creative expression,” Sunito said.

“Here at Crown Group we’ve created global icons for the city of Sydney, but now it’s time to up the ante,” he added.

[smartcode_project:default project_id=7020 project_image_fid=163820]

“Mastery by Crown Group marks the culmination of decades of experience combining to achieve a singular vision. It’s a new era of urban living for Sydney, with a strong emphasis on creating community and connecting people with nature."

The Waterloo&nbsp;precinct has been designed in a collaboration between internationally renowned architects Kengo Kuma, Koichi Takada and Sydney-based Silvester Fuller, with Kuma and Takada taking the reins on the ‘stacked forest’ tower.

The five buildings, ranging from six to 20 storeys, will home 368 apartments, with each building featuring its own creative design. There will be a mix of restaurants, cafes and shops conveniently located along the streetscape, as well as the central east-meets-west eat street.

[smartcode_project:default project_id=7020 project_image_fid=163813]

The tallest of the five towers at Mastery by Crown Group, Building C, overflows with lush landscaping from the Japanese-inspired balconies and terraces, creating the illusion of a forest in the sky.

“Japanese architecture is more about its simplicity and how architecture and building blends with nature and nature becomes part of the extension of the building", Sunito added.

"They're&nbsp;not trying to create a building that competes with nature but they’re trying to respect nature and make buildings look so beautifully fitting with nature itself.

Revered globally as a mastery of architecture, in 2021 Kengo Kuma was named one of Time Magazines Top 100 most influential people of the year. Mastery by Crown Group will be Kengo’s first residential building in Australia,

[smartcode_project:default project_id=7020 project_image_fid=163814]

“Kengo Kuma is regarded as god of architecture in Japan and it's such a privilege to work with such a master,” said Takada.

Sunito’s long-held dream of working with Kuma was set in motion after a chance visit to the Kuma-designed Great (Bamboo) Wall House in Beijing's countryside, experiencing the best of Japanese architecture and its effects on the daily rhythms of life.

With its pairing of traditional Japanese design principles, particularly elegance in simplicity, and nature, the house made an infallible impression on Sunito.

“We tried to really humanise the architecture, try to humanise the neighbourhood and this is really about giving back to the people. Everything that will come in the Mastery by Crown Group will be very much a human focus",&nbsp;said Sunito.

Kuma said his intention is to create second nature.

"Most buildings try to create contrast with nature, whereas my intention is the opposite," Kuma said.

"I want to create the real nature by some complementary material. I want to create a stacking forest in the city."

[smartcode_project:default project_id=7020 project_image_fid=173689]

Mastery by Crown Group is home to the&nbsp;last council-permitted tower for the area, creating an exclusive opportunity to secure views that will be impossible to replicate in Waterloo with existing zoning rules.

Waterloo is seen by many as the Manhattan of Sydney, a former industrial precinct transforming into a vibrant culinary and cultural destination located just four-kilometres from the Sydney CBD.

Situated between Alexandria, Redfern and Moore Park, the area is rapidly evolving into a sought-after destination to call home. There is a wealth of nearby amenities and services including schools and universities, parks and bike trails, as well as restaurants, cafes and bars.

“Waterloo now is what people call a new creative hub, this is the new Manhattan of Sydney - at the centre of everything. You have transport right at your doorstep, including the currently under-construction Metro, as well as access to three major universities, which is quite amazing,” Takada said.

[smartcode_project_cta: project_id=7020]

“It’s about being at the top of your game, bringing a lifetime of knowledge and experience to achieve the optimum creative expression,” Sunito said.



Crown Group bring together 'masters at the top of their game' to deliver a ‘stacked forest’ in the sky at Mastery by Crown Group

The Chatswood CBD skyline is set for a further revamp, with plans for a soaring 90-metre tower lodged by the continually busy Goldfields Group.

Located at 871-877 Pacific Hwy, the $50.6 million project is set to deliver 76 apartments, along with three levels of retail and office space, on a 1,432 sqm site wedged between the North Shore Rail Line and the Pacific Hwy.

Make Architects were selected to lead the design of the project following a competition, with the initial entries lodged back in 2021, before being reworked and refined to what it is today.

The buildings form is massed, with the strategy in place to create a clean, slender tower, according to the architects.

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067"><img alt="" data-entity-type="" data-entity-uuid="" height="1044" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-19_at_12.34.45_pm.png" width="780" /></a> 
A render of the proposed development at&nbsp;at 871-877 Pacific Hwy. Credit: Make Architects

“The resulting envelope is a simple elegant mass, split into 4 vertical quadrants. An open level of residential amenity helps create a clear delineation between the commercial podium and the residential tower above,” said Make in their design proposal.

Built with a series of four vertical blade walls, the development intends to maximise both residential and public amenity by the way of outdoor terraces and public open space.

The facades of the bladed walls have been designed to maximise solar amenity, views and ventilation, while also providing shading and privacy.

Residences begin from level four, with the vertical blade walls splitting the floor plate into four quadrants, with each quarter becoming its own apartment.

“This promotes a feeling of individuality and ownership as well as providing visual privacy for each apartment,” Make Architects commented.

Levels 13 to 22 will home the typical mid residences, with this section of the building containing three apartments per floor.

The upper residences land across levels 23 to 25, with two three-bedroom apartments proposed, each with their own corner balcony, as well as a dedicated master-bedroom balcony.

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067"><img alt="" data-entity-type="" data-entity-uuid="" height="776" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-23_at_3.00.38_pm.png" width="1296" /></a> 
Podium axonometric. Credit: Make Architects.

Crowning the tower, on level 26 will be the single penthouse apartment, with the quadruple-aspect residence providing 360 degree views out over Chatswood and to the distant Sydney CBD. Following an open plan design internally, the penthouse benefits from a large south facing entertaining terrace and adjoining plant room, as well as two north facing corner terraces.

There will be 11 one-bedroom apartments,&nbsp;48 two-bedders, and 17 three-bedroom apartments.

Private residential amenity is shared over the two podium rooftop levels. The southern rooftop at level two provides communal working and dining facilities, equipped with an outdoor dining area and a fire pit lounge, set amongst a walled garden and a planted terrace edge.

With a blend of social and practical uses, this amenity space provides residents with a tangible connection to lush green landscaping and native species says Make.

“Residents are encouraged to connect with nature by nurturing and harvesting the culinary species grown within the raised planters on the terrace.”

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/the-bryson-of-chatswood-3-wilson-street-chatswood-nsw-2067"><img alt="" data-entity-type="" data-entity-uuid="" height="613" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-23_at_4.52.28_pm_0.png" width="770" /></a> 
Proposal axonometric. Credit: Make Architects

The level three northern podium rooftop will provide an expansive external leisure terrace fitted out with an 18-metre lap pool, yoga terrace, sunken lounge, floating sunbeds and a garden reading lounge.

With a string of other major proposals currently under assessment, Goldfields said “the proposal would meet population growth in Chatswood partly driven by the opening of the new Metro station which links the suburb to Sydney’s north west.”

The north shore rail line runs along the eastern boundary of the site with the development nearby to Chatswood Station and other transport links. Future cycle lanes are also intended along both the Pacific Highway and Anderson Street, allowing improved cycle access into Chatswood CBD and the wider area.

The area is due to undergo significant redevelopment as part of the Chatswood CBD strategy 2036, which will see a considerable expansion of the existing CBD to the north, with the proposal to be located at the northern tip on the new CBD.

The proposal is among a growing list of skyscrapers planned in the Chatswood CBD including a 26 storey redevelopment of the Chatswood Mandarin Centre, a 22 storey expansion of Chatswood RSL, a 15 story apartment building at 3 Ellis St, and three towers on the corner of Victoria Ave and Brown St that would include an 18 storey hotel.

Make Architects were selected to lead the design of the project following a competition, with the initial entries lodged back in 2021, before being reworked and refined to what it is today.

Goldfields Group lodge plans for Chatswood apartments

The national development giant, Meriton, has been given the green light to commence with one of the next stages of their&nbsp;Pagewood Green&nbsp;masterplan.

The Bayside Council signed off on the development of 42 three and four-bedroom townhouses, a handful with their own granny flats.

The townhouses have been designed by PTW Architects and&nbsp;will range in size from 116 sqm to 172 sqm.

<img alt="" height="940" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.13_pm.png" width="2006" />

Meriton recently launched Uccello,&nbsp;a mix of one, two, three and four-bedroom apartments in the 16 hectare masterplan.

Designed by SJB Architects, Uccello&rsquo;s towers will rise 20 levels above the brand new Pagewood Centro retail precinct, which will form the Town Centre, offering 23 specialty stores, a major national supermarket and an open-air laneway lined with restaurants.

Boasting the tallest towers in Pagewood and Eastgardens, bookended by two expansive parks, Uccello sits adjacent to the newly completed 8,000 sqm Central Park, which features a basketball court, outdoor gym, state-of-the-art kids&rsquo; playground and barbecue facilities, as well as the future 2,700 sqm Community Park.

Within the towers, the landscaped podium garden is home to a range of residential amenity including an outdoor resort-style 20-metre pool, a spa, sauna, indoor gym, and a barbecue pavilion.

<img alt="" height="1036" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-16_at_2.24.06_pm.png" width="1776" />

Crowning Uccello is the rooftop garden, encompassing sweeping views of the neighbouring eastern suburbs and city beyond.

Four onsite childcare centres are proposed for the Meriton development, as well as electric car charging provisions, MyParcel locker systems, carwash bays and a dedicated onsite building manager, available to cater to all the residents&rsquo; and property needs.

The Eastgardens project benefits from an onsite bus stop, with direct services to Bondi Junction and Kingsford Light Rail Station.

The Eastgardens Westfield bus interchange is only next door, with the residences also enjoying proximity to Maroubra Beach, the University of NSW and the Prince of Wales Hospital all just around three-kilometres away.

[smartcode_project_cta: project_id=109442]

The first stage of the masterplan, Uccello, a mix of one, two, three and four-bedroom apartments across two towers, launched recently.




Meriton secure approval for townhouse stage at Pagewood Green masterplan

Apartment seekers in Sydney&#39;s Inner West&nbsp;will get a rare chance to secure a soon-to-be completed apartment in Enfield, as the&nbsp;Coronation Park development hits the market.

Coronation Park, developed by Sukkar Construction,&nbsp;will feature under 60&nbsp;one and two-bedroom apartments to a design by Olsson &amp; Associates.

HAUS Agency Director Sean Dowling says the architecturally planning invested&nbsp;in Coronation Park is the benchmark for everything that follows in the creation of each home.

[smartcode_project:default project_id=6633 project_image_fid=197389]

&quot;All the necessities in life are included, from the secure underground parking and video intercom lift access to the sun-drenched expansive balconies,&rdquo; Dowling noted.

Enfield is an area on the flanks of Sydney&rsquo;s Inner West, experiencing a sustained expansion in terms of both key transport and lifestyle advantages.

Coronation Park is situated close to express CBD bus stops, as well as being nearby to Strathfield, Ashfield and Burwood station, making commuting a breeze for buyers who aren&rsquo;t working from home.

[smartcode_project:default project_id=6633 project_image_fid=197387]

&ldquo;You&rsquo;re a short stroll to rolling parklands and sporting facilities, dog friendly, off-leash enclosures and the renowned Ashfield Aquatic Centre,&rdquo; Dowling added.

The development sits within easy reach of both public and private schools including Enfield Public School, Strathfield South High School and several quality childcare centres.

[smartcode_project:default project_id=6633 project_image_fid=197388]

Coronation Park&rsquo;s one and two-bedroom apartments are priced from $650,000, with a newly completed display apartment open for inspection at 12 Coronation Parade.

About the developer:

Developer and builder, Sukkar Construction, brings a wealth of experience and expertise to Coronation Park with projects across Sydney.

They believe it&rsquo;s imperative that established areas of Sydney within reach of the CBD are revitalised to meet the needs of new home owners and the communities that are such an integral part of their lives.

[smartcode_project_cta: project_id=6633]

Coronation Park, developed by Sukkar Construction, will feature under 60 one and two-bedroom apartments to a design by Olsson & Associates.



Coronation Park apartments in Enfield launched

The leading Western Sydney apartment developer, ALAND, has seen a sharp pick up in investor sales in the last quarter.

At their Parramatta tower, Paramount on Parkes, ALAND&nbsp;saw a 54 per cent uplift in purchases by investors over the last quarter, with&nbsp;ALAND's Chief Executive&nbsp;George Tadrosse saying that&nbsp;demand for quality affordable apartments in Sydney is outstripping supply, which is good news for savvy investors and homebuyers seeking solid future growth.

"There will be very little stock coming onto the unit market over the next 24 months and that is largely due to increased government red tape and increased demand from several buyer types," Tadrosse said, suggesting that those who wait might find themselves out of options.

“Demand for units is high as rising interest rates encourage domestic buyers to shift their focus to the apartment market.

[smartcode_project:default project_id=9187 project_image_fid=164849]

"But now that international borders have opened up, apartment purchasers will also have to face competition from foreign residents who may be looking to rent or buy in Sydney,” Tadrosse said, adding that the two-fold demand was especially good news for investors.

Located at 14-20 Parkes Street Harris Street, Paramount on Parkes offers a mix of one, two and three-bedroom apartments across a 39-level building, along with a resort-inspired pool with a 300 sqm terrace and barbecue area, lush landscaping, and residents’-only children’s play areas.

Construction is well underway on the project and completion is slated for late 2023.

[smartcode_project:default project_id=9187 project_image_fid=181002]

The supply shortage is only set to be exacerbated by the recent announcement to raise the home loan deposit scheme threshold to $900,000 this coming July allowing more first home buyers and first-time investors to enter the market while they can.

While this month’s interest rate rise has given both owner-occupiers and investors pause for thought, Sydney’s unit market remains strong and is shaping up as a popular space for homebuyers, investors and renters alike

“For owner-occupiers, a rate rise can feel more onerous but for investors, it is far less concerning as the interest component of an investor loan is largely tax deductible. We may see a lift in asking rents as interest rates increase, as landlords look to offset any additional expense,” said Tadrosse.

[smartcode_project:default project_id=9187 project_image_fid=164851]

“The good news for owner-occupiers is that lending policies have accounted for an inevitable rate rise to help future proof the serviceability of loans,” he added.

New data from CoreLogic supports the strength of the apartment market, indicating rents are now outpacing those of houses. In its latest Quarterly Rental Review, CoreLogic showed national unit rents have bucked the trend seen since May 2019 and actually rose at a faster pace than national house rents over the first three months of 2022, recording a quarterly growth of 3 per cent while houses only increased by 2.4 per cent.

Similar to the national results, unit rents in the combined capitals also outperformed house rents over the first quarter, increasing 3.1 per cent compared to 2.2 per cent. According to the CoreLogic report, the median Sydney unit rent by the end of March was $546 a week, an 8.3 per cent change over 12 months.

[smartcode_project:default project_id=9187 project_image_fid=164857]

Compared to the previous quarter, gross rental yields for units also rose across Sydney, up 2.3 per cent during the quarter to 3.1 per cent.

Bianca Anton, General Manager of ALAND, said switched on investors are realising the true value of bricks and mortar as a long-term strategy and see units as the more affordable path to that financial freedom.

“Buyers are becoming more educated about the pending gap in their wealth creation so are looking for ways to ride the apartment price wave as far as possible. And with only a limited amount of new apartments available in Sydney right now, it really is a race of ‘first in, best dressed’ especially for those seeking to secure quality property,” she said.

Developer ALAND reveals investor sales soar as demand drives up rental yield

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