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 New South Wales property developer, Lyon Group Australia, are set for a new project in Sydney&#39;s western suburb of Epping.

Lyon Group, headed by industry veteran Bruce Lyon,&nbsp;lodged plans for a two mixed-use towers on a&nbsp;2,990 sqm block over 59-77 Beecroft Road &amp; 72 Rawson Street Epping, around&nbsp;24km from Central Sydney and 10km from Parramatta CBD.

Dubbed Epping Central, opposite the Epping train station, the towers&nbsp;will home a combined 126 apartments,&nbsp;5,128&nbsp;sqm&nbsp;of commercial space over the first five levels, and retail at street level and on the first floor.

There will be a lap pool and water lounge on the second level, where there will be a pool deck and cabana tables. Level three will have communal spaces and barbecue and dining facilities, while level eight will have further breakout areas set in greenery.

It&#39;s at level eight where the two towers split and rise a total of 20 and 22 levels.

<img alt="" height="792" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lyons_group_main_1.jpg" width="1200" /> 
The towers will reinvigorate the streetscape. Image credit: Turner Studio

Turner Studio have handled the contemporary design of Epping Central, which they say&nbsp;will create an active and vibrant community

&quot;The development proposal builds upon the vision and objectives of the Epping Town Centre Urban Activation Precinct Structure Plan and creates a true mixed use building that responds to local needs by supporting the existing and future culture of the local community,&quot; the design report submitted by Turner Studio and signed off by director Dan Szwaj read.

&quot;Epping is a place of dualities where the sites environment creates a division between the East and West, defining the border between two site conditions.

&quot;The concept of the &quot;Ridge Line&quot; reinforces the local and urban environments of the site creating key places and spaces that relate to elements in the landscape.

<img alt="" height="970" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lyons_group_epping_main.jpg" width="1200" /> 
The modern lap pool will sit above the landscaped podium level.&nbsp;Image credit: Turner Studio

&quot;The diversity of housing types proposed will suit different family structures, age groups and individuals to promote and encourage an integrated community.&quot;

The application will be determined by the Sydney Central City Planning Panel.

Lyon Group has been active in Sydney&#39;s western suburbs and Hills districts for a number of years, with residential and commercial development, as well as house and land subdivision development, in the likes of Bella Vista, Castle Hill, Cherrybrook and Pennant Hills.

Dubbed Epping Central, opposite the Epping train station, the towers will home a combined 126 apartments

First look: Lyon Group Australia lodge mixed-use Epping Central development

Following their recent acquisition of 1 Mona Road in Sydney&#39;s&nbsp;Darling Point, the developer Fortis has lodged plans with Woollahra Council for a premium mixed-use development with residential and retail offerings.&nbsp;

Fortis had been looking at creating a commercial development, but have pivoted given the increased&nbsp;demand for luxury apartments in Sydney&rsquo;s east.

Charles Mellick, a director at Fortis, said the team have&nbsp;seen significant demand for well-appointed boutique apartments in Sydney&rsquo;s east in the last year,

&quot;Existing developments in these suburbs have sold out in record time,&quot; Mellick noted.

[smartcode_project:default project_id=108913 project_image_fid=197649]

&quot;The plans for this site in Darling Point have been updated in response to this demand.

&quot;This mixed-use development in Darling Point has an expected end value of $90 million, and we are excited to deliver this to the market in the near future.

Fortis will have the award-winning architects MHNDU work with acclaimed interior designers Richards Stanisich to create the apartments, which will feature lush planting palette by Wyer &amp; Co.

[smartcode_project:default project_id=108913 project_image_fid=197633]

There will be six level of apartments, a combination of one, two and three-bedroom apartments, as well as ground floor retail and commercial space.&nbsp;

All apartments will include external terraces or balconies, with select apartments capturing views across the city, harbour, nearby Paddington and surrounds.&nbsp;

Fortis expect to commence construction by the end of 2021, following development approval.

[smartcode_project:default project_id=108913 project_image_fid=197634]

Fortis spent $17.5 million on the 1,267 sqm city-fringe site last year.

Pallas Group is the parent company of structured property investment arranger Pallas Capital and boutique developer Fortis.

The expected end value of Fortis&rsquo; Sydney projects currently under construction or under a planning proposal is $1.25 billion, with a further $1 billion pipeline of work in Melbourne.

[smartcode_project_cta: project_id=108913]

Fortis will have the award-winning architects MHNDU work with acclaimed interior designers Richards Stanisich to create the apartments



Fortis lodge $90 million mixed-use Darling Point apartment and retail development 

The private development firm&nbsp;Eranna Development has launched Abbie&#39;s Lane, a new apartment development in Annandale in Sydney&#39;s inner west.

The distinctive five-level building, to be built by Ceerose at 8 McCarthy Lane, will home 42 studio, one, two and three-bedroom apartments.

Abbie&#39;s Lane has been designed by PBD Architects, whose primary target was to create an &#39;outside-in&#39; approach and village feel for residents, achieved by the inclusion of Abbie&#39;s Lawn, a landscaped courtyard that sits in between the built form.

There&#39;s further outdoor green space crowning the building. Abbie&#39;s Rooftop will act as a community hub for residents, and feature&nbsp;barbecue facilities for&nbsp;exclusive resident use. Ground floor retail can also be found at Abbie&rsquo;s Lane &ndash; bringing a sense of vibrancy to the street level.

Edward Doueihi, Managing Director of Ceerose, said careful consideration of the historical streetscape character is reflected through intricate design to create an urban retreat.

&quot;The development adopts a sympathetic material pallet that respects the heritage significance and aesthetics that Annandale is known for,&quot; Doueihi says.

[smartcode_project:default project_id=108871 project_image_fid=180438]

&quot;Abbie&rsquo;s Lane is thoughtfully designed by PBD Architects and will be a valuable addition to the neighbourhood.&rdquo;

PBD Architects Managing Director Paul Buljevic says the built form explores the concept of solidity versus openness.

&quot;The fa&ccedil;ade&rsquo;s brickwork and powder coated metal will complement the historical roots of Annandale with a contemporary aesthetic.

&quot;We employed sustainable strategies to maximise the flow of natural air and improve ventilation across the development.

&ldquo;Abbie&rsquo;s Lane&rsquo;s striking exterior is focused on protection and solidity, while the interior balances restorative calm. The use of natural textures and refined simplicity will be on display throughout the apartments.

[smartcode_project:default project_id=108871 project_image_fid=180439]

Colliers are handling the marketing of Abbie&#39;s Lane, with prices starting from $750,000.

Daniel McMahon, Director - Residential at Colliers says Abbie&rsquo;s Lane represents a unique offering in the Inner West and is one of the first new projects in Annandale that will capitalise on growth plans in the area.

&quot;Annandale&rsquo;s easy accessibility to Sydney CBD, Blackwattle Bay, Barangaroo and popular universities make Abbie&rsquo;s Lane a very appealing location for both owner occupiers and savvy investors.

&ldquo;There is a limited number of new apartment projects in the suburb, ensuring Abbie&rsquo;s Lane is ideally positioned in the marketplace.

&quot;Conveniently located on the city fringe, the development&rsquo;s high-quality apartment offering complimented by a friendly village lifestyle will draw a wide mix of buyers.&rdquo;

Abbie&rsquo;s Lane apartments have been designed to take advantage of the building&rsquo;s frontages capturing sunlight, summer breezes and leafy street views.

The apartments feature private courtyards, large outdoor spaces, wide frontages and a select few even have built-in fireplaces. Bathrooms will feature porcelain tiles and mosaics,&nbsp;Parisi tapware, basins and bathtubs. Light and dark schemes in the kitchen will be complimented by stone benchtops and a splashback, custom joinery and timber floorboards.

Situated on&nbsp;1,765 sqm, Abbie&rsquo;s Lane is next door to the Annandale Hotel, Annandale Public School is a short 700 metre walk, while Annandale Village is within 950 metres. Sydney University, the University of Technology Sydney and RPA Hospital are all within 2.8 kilometres.

The distinctive five-level building at 8 McCarthy Lane will home 42 studio, one, two and three-bedroom apartments

Eranna launch Annandale apartments, Abbie's Lane

Sydney apartment values continue their solid and consistent growth pattern shown over the last few months, posting further 1.5 per cent gains over September, property data firm CoreLogic&#39;s monthly index found.

The gains follow 1.4 per cent growth in August and 1.6 per cent in both June and July.

Values are now 13.1 per cent up over the year to date, the second best performing market behind Hobart and Darwin. Sydney&#39;s rolling quarterly gain now sits at 4.6&nbsp;per cent.

Over 2020, values were down -0.2 per cent.

At the start of 2021, the median apartment value was $733,000. It&#39;s now approaching $100,000 more, currently at $824,000 with no signs of slowing down as international and national borders look to open up.

[smartcode_project:default project_id=7758 project_image_fid=150461]

The gains in the apartment market were only slightly behind the two per cent gains in the housing market, predominantly a higher growth asset.

But the housing market is continuing to become more unaffordable, which is pushing buyers out of the housing market and toward apartments.

&ldquo;With housing values rising substantially faster than household incomes, raising a deposit has become more challenging for most cohorts of the market, especially first home buyers,&quot; CoreLogic&#39;s research director Tim Lawless said.

&quot;Sydney&#39;s median house value is now just over $1.3 million. In order to raise a 20 per cent&nbsp;deposit, the typical Sydney house buyer would need around $262,300.&quot;

A 20 per cent deposit for an apartment at the $824,000 median is around $100,000 less.

[smartcode_project:default project_id=7758 project_image_fid=79424]

Despite the prolonged growth of dwelling (houses and units combined) prices, the growth has eased back slightly from the peak growth rate in March nationally dwelling values increased by 2.8 per cent.

Lawless believes the slowing growth conditions are the result of higher barriers to entry for non-home owners along with fewer government incentives to enter the market.

&quot;Existing home owners looking to upgrade, downsize or move home may be less impacted as they have had the benefit of equity that has accrued as housing values surged.

The number of owner-occupier first home buyer loans has fallen by -20.5 per cent between January and July, as the impact of the tapering of government stimulus continues to show.

[smartcode_project:default project_id=7758 project_image_fid=150450]

Lawless notes that over the same period,&nbsp;the number of first home buyers taking out an investment housing loan has increased, albeit from a low base, by 45 per cent.

&quot;This suggests more first home buyers are choosing to &lsquo;rent vest&rsquo; as a way of getting their foot in the door,&rdquo; Lawless said.

The September quarter saw unit values rising faster than house values across regional Australia.

&quot;This is probably a reflection of stronger demand for downsizing options and holiday homes in popular coastal markets,&rdquo; Lawless suggested.

"In order to raise a 20 per cent deposit, the typical Sydney house buyer would need around $262,300."

Sydney apartment insights: What happened to Sydney apartment values in September?

The Sydney property developer Third.i, along with their joint venture partner Phoenix Property Investors, are joining forces with Coles Group to create Balfour Place, a mixed-use precinct in Lindfield on Sydney&#39;s lower north shore.

The mixed-use residential, retail and commercial precinct will span over 7,000 sqm and will see 62&nbsp;apartments built on top of a&nbsp;large format Coles supermarket,&nbsp;Liquorland, caf&eacute;, and a heritage commercial space fronting Pacific Highway.

Residents having access to a private courtyard and rooftop gardens.

It&#39;s the third time Third.i and PPI have worked together, having previously had huge success at the luxury Kurraba Residences, as well as the commercial precinct Blue &amp; William in North Sydney.

<img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/balfour_third.i_3.jpg" width="1200" />

Thirdi Group Director &amp; Co-Founder, Luke Berry, said that his company and PPI were thrilled to be working alongside Coles Group, community stakeholders and Ku-ring-gai Council to finalise a shared vision for the site before a planned sales launch of the project later this year.&nbsp;

&ldquo;When Third.i started working with Coles, we quickly identified there was an opportunity to improve the residential elements of the DA, so with the support of Coles and award-winning architects Rothelowman, we re-imagined the apartment layouts and created a mix of larger apartments, perfect for the downsizer and young families we see as the likely purchasers of our apartments,&quot; Berry said.

Third.i&rsquo;s proposal is to reduce the numbers of apartments from 70 to 62 to offer more space to residents and deliver less impact on neighbours and the community. Third.i is finalising their modification of the existing DA and plan to submit to council in early October and start the second stage of construction in the 1st quarter of 2022.

Stage 1 of construction has already commenced with Coles Group managing the realignment of Balfour Lane at the rear of the proposed site before handing over the delivery of the mixed-use development to Third.i.&nbsp;

&nbsp;

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CBRE has been appointed as the lead agent to market the development and sales director, Ben Stewart said that exceptional convenience will underpin Balfour Place residences, with location amongst its strongest selling points.

&ldquo;The latest offering by Thirdi Group has it all in terms of proximity to a train station and quality schools, as well as being positioned in a highly coveted north shore suburb, where new apartment developments are scarce, particularly for downsizers,&rdquo; Stewart said.&nbsp;

&ldquo;Our market research has indicated that demand for high-end, conveniently located new apartments in the area is strong, with almost all initial inquiries coming from local residents.&nbsp;

&ldquo;Further to this, studies show that &lsquo;shop top&rsquo; developments like Balfour Place achieve an average 16% premium on prices compared to suburb averages so we see this project offering a similar dynamic to purchasers that secure an apartment early in the launch.

&ldquo;As with all Thirdi Group projects, the utmost consideration will be placed on delivering luxuriously appointed, high-end residences with beautifully landscaped gardens and an outstanding lifestyle offering and this is what purchasers should expect with Balfour Place.&quot;

CBRE's Ben Stewart said that exceptional convenience will underpin Balfour Place residences, with location amongst its strongest selling points.



Third.I to partner with Coles and PPI for mixed-use Lindfield development, Balfour Place

180 George is among Meriton&rsquo;s latest developments to be delivered in Sydney&rsquo;s western suburb of Parramatta.

From the elevated podium gardens and destination ground-level retail to the superbly appointed residences, 180 George&rsquo;s towering form announces the arrival of the most spectacular homes ever created on the city&rsquo;s prized river edge.

Urban has taken a deeper look at what 180 George can offer homebuyers.

1. Riverfront address

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Soaring to unprecedented heights, 180 George will set a new standard of riverfront living in Parramatta.

Rising 67 floors, the glass tower is set to become the tallest residential building in Parramatta after its completion in December 2021, offering panoramic views from almost every apartment.

552 landmark residences look out over Parramatta River to the Sydney CBD skyline and beyond, marking a new statement building in the epicentre of Western Sydney.

2. World-class development

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Delivered by Meriton, 180 George is a world-class development, offering five-star amenities that include a 1,000sqm supermarket, a 75-place childcare centre and an adjoining 58-level hotel tower.

Other facilities include 1,200sqm of podium gardens, a barbeque area, seating, a fully-equipped gymnasium and an indoor aquatic centre with a heated pool, spa and sauna.

3. Luxurious homes

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Investors and owner-occupiers will both enjoy the diverse selection of oversized apartments on offer at 180 George, each designed to capture the best of their riverside and CBD setting.

Designed by Woods Bagot, residences are characterised by contemporary design, luxury finishes and plentiful storage.

Dual-level and dual aspect apartments are available, many with large entertainer terraces, media rooms and study rooms with bedroom-sized proportions for those seeking versatile extra space.

Sleek kitchens, some taking in the tower&rsquo;s signature views, are created around easy entertaining and modern family life, with premium quality European appliances, integrated dishwasher and VENINI microwave.

4. Sydney&rsquo;s second CBD

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&ldquo;Parramatta is rapidly transforming into a buzzing metropolitan hub with over 175,000 working professionals making it Sydney&rsquo;s second CBD&rdquo;, the project marketing reads.

180 George is conveniently located at the centre of it all, just a small walk from the $2 billion Parramatta Square redevelopment which will boast the country&rsquo;s largest office tower. It will house major tenants such as National Australia Bank and the NSW Government.

The key economic and cultural hub includes great community offerings, including the first vertical high school rising 16 storeys and the mixed-use Parramatta Square precinct.

5. Well-connected and well-serviced

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Meriton&rsquo;s latest Parramatta tower enjoys convenient access to some of Australia&rsquo;s best educational and medical facilities.

Among these include the Western Sydney University Parramatta campus, the University of New England, Tara Anglican School for Girls and The King&#39;s School.

A short drive to the Westmead precinct unlocks one of the largest health, education, research and training precincts in Australia including four major hospitals, three medical research institutes and the largest research-intensive pathology service in the state.

Parramatta boasts a range of transport offerings, including the free shuttle bus service, the upgraded Parramatta Ferry Wharf, a future Light Rail stop, Parramatta Station the new multi-billion dollar transport networks including WestConnex and the new Metro West.

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Urban has taken a deeper look at what 180 George can offer homebuyers

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Five things we love about Meriton’s latest residential tower in Parramatta, 180 George

Meriton&rsquo;s breathtaking four-tower collection of Allegra offers a contemporary living between Rosebery, Green Square and the CBD.

Ranging in height from six to 13 levels, the development will deliver 260 single and dual-level luxury apartments, some boasting private street entries, and others rooftop entertaining terraces.

Created in collaboration with SJB architects, Allegra&rsquo;s competition-winning design forms a stunning backdrop to Gunyama Park, offering some of the finest recreational and aquatic facilities ever created in Sydney.

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&ldquo;It feels like your own backyard with magnificent beach-inspired pools, open-air training facilities, boardwalks, state-of-the-art playgrounds and more just footsteps from your home&rdquo;, the project marketing reads.

Created in collaboration with SJB Architects, the development&rsquo;s lower levels can take in parkside views, while upper-level residences capture never-to-be-built-out northern outlooks to the CBD skyline or southeast to Botany Bay.

Allegra residents will enjoy landscaped communal gardens, barbecue pavilions, five-star amenities and eight onsite speciality stores.

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The apartments boast premium BOSCH stainless steel appliances, including a fully integrated dishwasher, cooktop, microwave, oven and under-mounted integrated rangehood.

Other design features include full-height cabinetry in gloss finish with soft closing drawers, gooseneck polished chrome kitchen mixer and kitchen benchtops with a waterfall edge.

According to the developers, this new address boasts some of the largest one, two and three-bedroom residences, with many one-bedroom apartments featuring full-size study rooms, providing the perfect space to work from home.

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Allegra features numerous amenities, such as an indoor aquatic centre, with a heated pool, spa and sauna, fully-equipped gym, secure resident parking and electronic car charging bay.

The apartment complex is just four kilometres from the Sydney CBD, a short 500m walk to Woolworths Metro and a ten-minute stroll to East Village shopping centre.

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Meriton’s breathtaking four-tower collection of Allegra offers a contemporary living between Rosebery, Green Square and the CBD

Absolute parkside living in Zetland: Introducing the collection of contemporary apartments at Allegra

The&nbsp;integrated property group, Top Spring Australia, has spent $94 million buying the Double Bay Plaza, with plans to go through with the approved mixed-use development by Luigi Rosselli Architects.

That will see 18 large apartments sit across a five level building, above four large format ground floor commercial and retail spaces at&nbsp;19-27 Cross Street, or the corner of&nbsp;Cross Street and Transvaal Avenue, the suburb’s most exclusive shopping enclave.

The 1,334 sqm site&nbsp;is&nbsp;directly adjacent the InterContinental Sydney Double Bay.

The plan also includes a north-facing plaza to connect potential food and beverage operators with the existing dining spaces in the unique heritage conservation area along Transvaal Avenue.

Top Spring Australia's Managing Director, Sydney Ma, said the company aims to cement its reputation for delivering high-end residential living with the Double Bay project.

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“In line with our premium project at Elizabeth Bay, Munro House, this project will encapsulate all the hallmarks that Top Spring Australia is known for, including new technology, art, green spaces and contemporary design,”&nbsp;Ma said.

“As with all our projects, we’ll be appointing a leading team of consultants, including interior and landscape architects, stylists, as well as a renowned artist to inform the public art strategy, to ensure the project’s luxury potential is fully realised.

“Given the generous size of the residences, with the largest being 283sqm, the harbour views available from the second level upwards, and the unrivalled location in one of eastern Sydney’s most prized and exclusive suburbs, this project will reset the already high bar for prestige projects in the Eastern Suburbs.

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“We expect the residences will be of immense appeal to affluent Eastern Suburbs clientele who are wanting to live in the heart of Double Bay, with everything they need on their doorstep.

“Sites of this calibre are really rare, so it’s incredibly exciting to add it to our growing portfolio. “The success of our Munro House project, which recently generated over $70M in sales in just two months, has reinforced our strategy to invest in high-end projects in prized suburbs such as this. There’s clearly market interest in prestigious projects, despite the pandemic,” Ma added.

Construction is expected to commence once the sale, which was brokered by 1st&nbsp;City Real Estate Group’s Managing Director, Brad Caldwell-Eyles, settles.

Top Spring are currently developing Munro House, a boutique apartment development in Elizabeth Bay.

There will be 18 large apartments, including three penthouses, created across the mixed-use precinct


Top Spring secure $94 million Double Bay apartment development site

Hall Street, Bondi Beach&#39;s shop mecca, is set for a swanky new $8 million arcade precinct and apartment development.

Development approval has been sought for a new arcade and 25&nbsp;apartments across&nbsp;31 Hall Street&nbsp;and 35-37 Hall Street, building behind the heritage building and facade which will remain at the street front.

Brian Meyerson, of the&nbsp;Surry Hills-based&nbsp;MHNDU, signed off on the plans for the five-level development, a stones throw from Bondi Beach&#39;s famous Campbell Parade.

&quot;By approaching the design for the two sites holistically, we were able to create a new arcade split between the two sites,&quot; the design statement from&nbsp;MHNDU read.

&quot;This new arcade will function as an extension of the public domain along Hall Street, and the iconic Campbell Parade beachside strip.

&quot;The arcade will be lined with new commercial spaces, for retail or food and beverage tenancies to occupy. This will enliven the arcade and bring the public domain into the site.

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The proposed arcade dissecting the two buildings. Image credit:&nbsp;MHNDU

The design statement said series of green courtyards will break up the length of the new arcade, bringing light and greenery to create a sense of openness and tranquility.

The apartments, all one bedders,&nbsp;have been designed to&nbsp;offer private open space. Each apartment has been designed to be cross-through, for a good level of ventilation, and will each have a balcony of a minimum 8 sqm.

The majority of apartments will be north-facing with good access to sunlight.

<img alt="" height="793" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hall_st_design_2.jpg" width="1200" />

Hall Street has recently seen huge demand a few doors down, where&nbsp;the Koichi Takada-designed Aqualine, a boutique development of 17, achieved a sell-out well before completion, which is slated for mid-next year.

Boheme is one of Hall Street&#39;s most luxury developments. Completed nearly a decade ago, the never-lived-in penthouse sold&nbsp;to the philanthropist Tanya Carnegie for $10.8&nbsp;million in 2017.

The development plans at a glance

The proposed design considers its context and the character of the neighbourhood, through the following:

&bull; The proposed new building is located at the rear of the site behind the existing contributory item. The proposed new building is not readily visible from the street.

&bull; The proposed new building is separated from the exiting contributory item by a central courtyard. Architecturally/contextually, this allows for a clear distinction between &lsquo;old&rsquo; and &lsquo;new&rsquo;. Using a courtyard to separate the two forms also provides a healthy environment for the apartments and common corridors, which look out to it.

&bull; Economically, the development is &lsquo;mixed use&rsquo;, retaining the existing commercial / retail function at the front of the site facing Hall Street, and proposing residential apartments at the back.&nbsp;

Brian Meyerson, of the Surry Hills-based MHNDU, signed off on the plans for the five-level development, a stones throw from Bondi Beach's famous Campbell Parade

New apartments heading to Bondi Beach's Hall Street

The Sydney-based developer Hansen Investment Group Australia (HIGA) has launched their loft apartment product in their contemporary $80 million East Sydney collection in Darlinghurst.

Easy Sydney, a rare new apartment building in the sought-after inner-city suburb filled with grand terraces and older apartment buildings, has been designed by the high profile design teams at&nbsp;MHNDU and Lawless Meyerson.

They&#39;re developing the five-level block of 27 on&nbsp;the site of the former Aston Martin dealership, with the heritage features being retained as part of the project.

There&#39;s been appetite from downsizers, given the location&#39;s proximity to the city.

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HIGA chose the site due to its location on the fringe of Hyde Park at&nbsp;22-38&nbsp;Yurong Street,&nbsp;which puts it in to the category of a 15 minute city, a term coined by&nbsp;French professor Carlos Moreno.

According to Moreno, each 15-minute city should fulfil six&nbsp;social functions&mdash;living, working, supplying, caring, learning and enjoying. It reduces residents&rsquo; environmental footprints by boosting green initiatives, creativity and wellbeing at a neighbourhood level and reducing travel, urban density, pollution and loneliness.

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The loft product, known as Stanley Lane Lofts, just off the hotspot Stanley Street, lined with bars and restaurants, will have&nbsp;mezzanine spaces,&nbsp;classic steel-framed windows&nbsp;and steel-framed kitchen islands, and terrazzo floors in the classic bathrooms.&nbsp;MHNDU has reimagined the original 1930s art deco saw-tooth warehouse, creating a canvas for living and entertaining. Lawless &amp; Meyerson have handled the interiors, complete with&nbsp;double-height spaces, exposing the warehouse&rsquo;s original steel trusses for a contemporary edge.&nbsp;

The one-bedroom loft apartments start from $1.65 million, and the two-bed plus study lofts are priced at $2.8 million. The entry level price for the one-bedroom apartments&nbsp;start from $1,275,000.

HIGA chose the site due to its location on the fringe of Hyde Park at 22-38 Yurong Street, which puts it in to the category of a 15 minute city, a term coined by French professor Carlos Moreno.



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