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

There was just the one bid when the luxury 10th floor apartment at 1006/56 Carr Street, Coogee went to recent auction.

And the $3.5 million offer was enough for auctioneer Damien Cooley to secure its sale through Christie's International.

The top floor offering at 56 Carr Street, in the Coogee View complex had three bedrooms, two bathrooms plus double garaging.

There was a gourmet kitchen with beach views.

It last sold at $625,000 in 1995.

The 1995 complex was developed by the Singapore based Prima Holdings Pty Ltd who secured three-bedroom sales at a record $725,000.

There was a three bedroom apartment sale at $2.55 million earlier this year which had first sold at $460,000 in 1995.

Another three bedroom, with 143sqm internal living and double lock up garage on the ninth floor, fetched $4.385 million last June.

There was just the one bid of $3,500,000 for 1006/56 Carr Street, Coogee

jchancellor

One bid auction secures Coogee trophy top floor apartment

A record-breaking $4.775 million has been paid off the plan for a Mona Vale penthouse.

The sale has set a new suburb record for the northern beaches suburb. 
 
The 230sqm property, located at 50&ndash;52 Golf Avenue Mona Vale, is in IPM&rsquo;s luxury Iluka development.

It is three bedrooms, three bathrooms with 190 sqm internal space and 40 sqm external.

It is a full-floor residence offering views over Mona Vale Beach and Golf Club on its Q3, 2022 scheduled completion. 
&nbsp; 
According to real estate agency Domain Residential, the previous suburb record was $3.2 million.&nbsp;

The record was previously held in Mona Vale by an off-the-plan penthouse at the Ivory development.

<img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/golf_ave_mona.jpg" width="1200" />

Iluka has been architecturally designed by PBD Architects and with interiors by interiors studio Mim Design.

Iluka will have 14 three bedroom residences amid green landscaping by Black Beetle.

It was first launched to market in February, with just five now remaining for sale by IPM which has been developing boutique residences for the owner occupier market for over 40 years.

The penthouse was sold by Peter Grant from Domain Residential, who said the purchasers were a local couple downsizing from their existing home in Mona Vale.

&ldquo;We are experiencing strong interest from both the existing local buyers who are doubling down on the suburb after selling the family home, as well as a growing contingent of buyers from Sydney and Melbourne who are looking to relocate and enjoy a more relaxed coastal lifestyle,&rdquo; he said.

<img alt="" height="799" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/golf_ave_mona_.jpg" width="1200" />

The northern beaches suburbs have experienced strong price growth and demand over the past 12 months spurred by a post-COVID lifestyle change and relative scarcity of product.

Mona Vale has been a stand-out performer with the median suburb price increasing to $1,172,500, representing a staggering 23.8 percent price rise in the year to December 2020.

Steven Sroba from IPM said Iluka&rsquo;s location, coupled with the dedication to quality materials and a stellar design team, had proved popular at a time Sydney&rsquo;s northern beaches outperformed many of its inner-city counterparts.

&ldquo;This project really hit the market at exactly the right time, as Sydney&rsquo;s northern beaches have proven an incredibly sound lifestyle and investment choice for a growing number of discerning owner occupiers.

Other suburbs on the northern beaches has seen records too including an apartment in Narrabeen for $3,775,000 and The Boathouse at Avalon, a waterfront with jetty development, for $4,250,000.

The residences remaining for sale, range from 115sqm to 156sqm with terraces up to an additional 186sqm on title.

&nbsp;

The 230 sqm apartment, located at 50–52 Golf Avenue, Mona Vale, was sold off-the-plan in IPM’s luxury Iluka development

Record $4.775 million paid off the plan for IPM's Iluka, Mona Vale penthouse

Sydney apartments saw the second strongest price growth across the nation&#39;s apartment market over April,&nbsp;according to property data firm CoreLogic.

Values rose 1.3 per cent, only second to Darwin&#39;s 2.7 per cent rise.

It puts Sydney&#39;s rolling quarterly apartment gain at 4.7 per cent, following jumps of 2.1 per cent in March and 1.2 per cent&nbsp;across February.

Sydney&#39;s median apartment value is now $771,859&nbsp;up from the&nbsp;$755,360&nbsp;last month and $734,198 at the start of the year.

The main gains across the last six months or so across the country&nbsp;have been found in the housing&nbsp;sector, which is expected to taper off as the growth has been deemed &quot;unsustainable.&quot;

And that growth is likely to give a shot in the arm to the more affordable apartment sector.

CoreLogic&#39;s&nbsp;research director, Tim Lawless, says the pace of capital gains in the housing market could slow further over the coming months as inventory levels rise and affordability constraints dampen&nbsp;demand.

&ldquo;The slowdown in housing value appreciation is unsurprising given the rapid rate of growth seen over the past six months, especially in the context of subdued wages growth. With housing prices rising faster than incomes, it&rsquo;s likely price sensitive sectors of the market, such as first home buyers and lower income households, are finding it harder to save for a deposit and transactional costs.&rdquo;

&quot;There is already some evidence of fewer first time buyers in the market, with the Australian Bureau of Statistics reporting a -4.0% fall in the value of first home buyer home loans through February, the first drop since May last year.

<h2>Apartments and townhouses across Sydney under the growing median&nbsp;</h2>

Bloom Arncliffe

Price - Two bedroom apartments from $710,000

[smartcode_project:default project_id=6201 project_image_fid=89013]

Developed by Wingate, Bloom offers a collection of 318 one, two and three-bedroom ready-to-go apartments in Bayside Council&rsquo;s ward two suburb,&nbsp;Arncliffe.

The development spans across seven buildings and boasts ground-floor restaurants and retailers, views over Botany Bay and private entertaining balconies.

Each apartment, designed by&nbsp;Stephen Bowers&nbsp;Architects, offers a dedicated study room, floor-to-ceiling windows and the latest appliances.

Georgette, Schofields

Price -&nbsp;Two bedroom apartments from $535,000

[smartcode_project:default project_id=32227 project_image_fid=93952]

Georgette is the second stage of&nbsp;Positive Investment Enterprise&rsquo;s Kew&nbsp;Schofields&nbsp;project, integrating convenient living with natural beauty in one of Sydney&rsquo;s newest suburbs,&nbsp;Schofields.

Designed by&nbsp;PBD Architects, the light-filled apartments in one and two-bedroom configurations feature ample storage, extended gardens and state-of-the-art energy and storage innovations thanks to a partnership with Tesla.

Eminence, Zetland 
 
Price - One bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

A trio of buildings,&nbsp;Mirvac&rsquo;s 254-apartment Eminence project commands four street frontages between Green Square and the Sydney CBD.

The development offers onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre.

Designed by&nbsp;DKO&nbsp;Architecture, the property showcases high-quality finishes and fixtures, and carefully curated residences.

Some apartments include their own private rooftop terraces and others with uninterrupted CBD and Botany Bay views.

The adjacent Gunyama Park Aquatic and Recreation Centre includes beach-inspired pools, open-air training facilities and playgrounds.

The growth in the housing sector has been deemed "unsustainable" which is pushing buyers to apartments

May 2021: How did the Sydney apartment market perform in April?

The growing housing affordability issues in Sydney has seen young professionals target off the plan apartments, particularly in Sydney&#39;s inner west.

The Five Dock apartment project Catania, developed by Metway Developments, has seen a number of buyers who want live in the waterside suburb.

Stefan Jones at 365 Property has seen downsizers, or rightsizers, buy in to the apartment project of 34, but also young professionals, who have been priced out of the housing market and are now more keen on high end apartments.

&quot;If they [young professionals], want to get in to that Five Dock, Drummonye, Abbotsford area then houses are becoming too expensive,&quot; Jones says.

Catania, which comprises two buildings inspired by classic modernist architecture, was designed by BKA&nbsp;and are crowned by an exclusive rooftop garden and entertainers&rsquo; terrace with views to Hen and Chicken Bay.

There are 22 two bedroom apartments, six one beds and six three bedroom apartments.

One build has 19 apartments across six storeys, the other with 15 across four storeys.

[smartcode_project:default project_id=6585 project_image_fid=77473]

Sales&nbsp;kicked off in July last year, and Jones&nbsp;says that, while the market is a bit different to the COVID-19 hit 2020, Five Dock is quite an insular location with not much stock.

&quot;Even during a tough market, Five Dock tends to stand quite well&quot;, Jones says, adding that apartment living has always been popular in the area and hasn&#39;t really faltered or wavered in any way.

[smartcode_project:default project_id=6585 project_image_fid=77474]

Jones says the apartment market at the moment is full of discerning buyers wanting quality and size.

&quot;If you&#39;re developing a standard apartment project you&#39;re going to struggle,&quot; Jones says.

[smartcode_project:default project_id=6585 project_image_fid=77470]

So far 21 of the 34 apartments have sold.&nbsp;One bedroom apartments start from $779,000, two bedders from $949,000 and the three bedroom penthouses from $1.7 million.

Construction began in September and is slated for completion in December.

The Five Dock apartment project Catania, developed by Metway Developments, has seen a number of buyers who want to get in to the waterside suburb.

Young professionals look to Five Dock's premium off the plan apartment market as Sydney housing affordability issues rise

The recently completed Bloom Arncliffe, delivered by developer Wingate, offers one, two and three bedroom ready-to-move-in apartments, perfect for the eager first-time owner, the smart investor and the dynamic urban-dweller.

Dispersed over seven state-of-the-art buildings designed by Stephen Bower Architects, ranging from standard apartments to penthouses, every Bloom residence holds sweeping city views.

Constructed by Richard Crookes Constructions, the 318 residences benefit greatly from their location with a heaping helping of convenient amenities at your fingertips.

[smartcode_project:default project_id=6201 project_image_fid=89013]

Among Bloom Arncliffe&rsquo;s on-site amenities are a ground-floor marketplace with restaurants and retailers, so that coffee, food and other simple luxuries are only ever a moment away.

Beyond the bottom floor it also has the convenience of being near restaurants, cafes, markets and plenty of schools and early learning facilities.

Placed in a prime position between the city and the coast, Bloom residents enjoy the benefits of being close to Sydney&rsquo;s southern beaches, as well as the Illawarra line&rsquo;s direct link to the CBD, the Inner West and Bondi.&nbsp;

[smartcode_project:default project_id=6201 project_image_fid=89018]

One bedroom apartments start from $595,000, two bedroom apartments from $710,000 and three bedroom apartments from $950,000.

Bloom Arncliffe is a unique offering, one of very few in Sydney with on-site retail and dining facilities so don&#39;t miss out on this recently completed development.

Among Bloom Arncliffe’s on-site amenities are a ground-floor marketplace with restaurants and retailers, so that coffee, food and other simple luxuries are only ever a moment away

jordan_55689

Discover the convenient amenities on offer in Wingate's Bloom Arncliffe apartments

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Sydney apartments continued their growth pattern over March, posting 2.1 per cent gains, according to property data firm CoreLogic.

The monthly growth was only bettered by Hobart (+4.9 pr cent) and Darwin (+3.4 per cent).

Sydney's March gains put units in Harbour capital up 3.2 per cent over the first quarter of 2021, already off-setting the losses occurred over 2020 to be 0.2 per cent up over the last 12 months.

The March gains follow a 1.2 per cent growth in February and -0.1 per cent declines over January.

Sydney's median apartment value is now $755,360, up from the $738,254 last month and $734,198 at the start of the year.

[smartcode_project:default project_id=7758]

Last month CoreLogic's head of research Tim Lawless says there were tentative signs the trend of the housing market performing considerably stronger than the unit market could become less obvious.

Now Lawless says the unit market has turned a corner.

“Despite the underperformance, unit markets have turned a corner, with Sydney recording two consecutive months of rising values, while the Melbourne unit market has seen values consistently rising since October last year, with the trend accelerating over recent months.”

[smartcode_project:default project_id=6798]

And there's good news for investors, with Lawless suggesting the unit rental markets in Melbourne and Sydney appear to be stabilising.

“Sydney unit rents have posted a subtle rise over the past three months, while unit rents in Melbourne have held firm over the same period.

"The improvement comes after a long running decline, however a material improvement in rental conditions is likely to be dependent on foreign students and visitors returning to shore up inner city unit rental demand.“

[smartcode_project:default project_id=7317]
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Sydney's March gains put units in Harbour capital up 3.2 per cent over the first quarter of 2021


April 2021: How did Sydney apartment values perform over March?

The recently completed Bloom Arncliffe, delivered by developer Wingate, offers one, two and three bedroom ready-to-move-in&nbsp;apartments, perfect for the eager first-time owner, the smart investor and the dynamic urban-dweller.

Dispersed over seven state-of-the-art buildings designed by Stephen Bower Architects,&nbsp;ranging from standard apartments to penthouses, every Bloom residence holds sweeping city views.

Placed in a prime position between the city and the coast, Bloom residents enjoy the benefits of being close to Sydney&rsquo;s southern beaches, as well as the Illawarra line&rsquo;s direct link to the CBD, the Inner West and Bondi.&nbsp;

The Arncliffe train station is just a 10 minute walk from the development.

[smartcode_project:default project_id=6201]

Constructed by Richard Crookes Constructions, the 318 residences benefit greatly from their location with a heaping helping of convenient amenities just a stroll away.

Among Bloom Arncliffe&rsquo;s on-site amenities are a ground-floor marketplace with restaurants and retailers, so that coffee, food and other simple luxuries are only ever a moment away.

Beyond the bottom floor&nbsp;it also has the convenience of being near restaurants, cafes, markets and plenty of schools and early learning&nbsp;facilities.

<a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe"><img alt="" height="815" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bloom_arncliffe_station.jpg" width="1200" /></a>

Eateries nearby include the&nbsp;Rocksia Hotel,&nbsp;Nineteen43 Cafe,&nbsp;Espresso Haus and the Boschetto Cafe.

Arncliffe&#39;s brand new community centre helps brings the active neighbourhood together with classes, resources, sports facilities and social activities.

Or exercise outside&nbsp;at the extremely walkable Gardiner Park or New Arncliffe Park.

<a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe" target="_blank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bloom.jpg" /></a>

One, two and three bedroom apartments start from $595,000, $710,000 and&nbsp;$950,000.

Arncliffe is a unique offering, one of very few in Sydney&nbsp;with on-site retail and dining facilities so don&#39;t miss out on this recently completed development.

Walking tour: What's within walking distance from Bloom Arncliffe?

Sydney&rsquo;s leafy Hills Shire strikes the perfect combination between rural tranquility and modern residences.

The area is widely known for its beautiful surrounds, safe streets, excellent schools and family-oriented community.

With suburbs like Baulkham Hills seeing incredible growth over the last year and new developments popping up in the Box Hill growth corridor, the Hills presents strong investment opportunities. &nbsp;

A major $1 billion redevelopment of the &lsquo;Towers&rsquo; shopping centre is also in the works.

With national parks and reserves, picnic locations and the Hawkesbury River nearby, this area is a great choice for homebuyers and investors.

Urban takes a look at four new developments in the region, starting from $642,000

1. The Hills of Carmel, Box Hill 
Address: 17 Boundary Road, Box Hill NSW 2765 
Request more information from an agent

[smartcode_project:default project_id=28070]

Offering an exciting new master-planned community, the Hills of Carmel is set to deliver house and land packages in the growing Box Hill.

Transforming Sydney&#39;s north-west, the development will include sizable lots surrounded by parklands and greenery, leading schools and future shopping villages.

133 hectares of business park and employment land will cater to the growing population, with up to 16,000 new jobs created once the area is fully developed.

2. Collection, Rouse Hill 
Address: 49 Terry Road, Rouse Hill NSW 2155

[smartcode_project:default project_id=6284]

Situated in Sydney&rsquo;s growing north-west, the Marquess Group&rsquo;s Rouse Hill project offers generous entertainer balconies and beautiful views of the surrounding landscape and adjacent Berowra Valley National Park.

The&nbsp;DKO&nbsp;Architecture-designed development boasts luxury and modern design with spacious open-plan layouts, walk-in showers and on-site amenities.

3. Skyview, Castle Hill 
Address: 51 Old Castle Hill Road, Castle Hill 2154 
Two-bedroom apartments from $865,000

[smartcode_project:default project_id=25935]

Nestled in the heart of Castle Hill, Skyview delivers one, two and three-bedroom apartments across five distinct towers.

Developed by TOPLACE, the development is nestled within landscaped parklands with views towards the Blue Mountains and the Sydney CBD.

Over 12,000sqm of landscaped gardens and tree-lined walkways feature within the development, as well as communal gardens, a shared swimming pool and a children&rsquo;s playground.

4. The Hugh, Kellyville 
Address: 44 Armbruster Avenue, Kellyville 2155 
Two-bedroom apartments from $799,000

[smartcode_project:default project_id=14461]

Delivered by Kanebridge, the Hugh offers 181 two and three-bedroom residences in the Hills Shire.

Situated in Kellyville, the building offers floor-to-ceiling windows, open plan living and entertaining balconies.

Among its amenities include a central courtyard, seating areas, a children&rsquo;s playground and barbeque facilities.

With national parks and reserves, picnic locations and the Hawkesbury River nearby, this Hills Shire is a great location for both homebuyers and investors

max.kwok_55688

The top two-bedroom residences in the Hills Shire, beginning from $642,000

The New South Wales developer TOGA Group have officially broken ground at their long-awaited redevelopment of the Surry Hills shopping centre.

To be known as Surry Hills Village and due for completed in early 2024, the mixed-use development and precinct on the corner of Cleveland and Baptist Street will home 122 apartments and a 102-room hotel, as well as 12,000 sqm of commercial and retail spaces.

<a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016"><img alt="" height="1167" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/toga_precinct_1.jpg" width="1600" /></a>

SJB have designed the development in collaboration with development partners Iain Halliday and BKH, Aspect Studios director Sacha Coles and Studio Prineas architect and principal Eva-Marie Prineas.

The 12,000 square metres of commercial and retail spaces that will feature a Coles supermarket, specialty retail and parking for retail customers.&nbsp;&nbsp;

<a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016"><img alt="" height="813" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/toga_precinct_2.jpg" width="1800" /></a>

Around 50 per cent of the 122 apartments have sold. Apartment start at $875,000 for a 55 sqm, one bedder.

The 81 sqm two bedroom apartments are priced at $1.55 million and the 122 sqm three bedder is priced at $2.65 million.

There&#39;s been a mix of buyer types, from locals to&nbsp;international buyers who will be moving in once they&rsquo;re able to return home.

<a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016"><img alt="" height="857" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/toga_surry_hills_3.jpg" width="1600" /></a>

The groundbreaking ceremony marked&nbsp;around five and a half&nbsp;years since TOGA paid nearly $95 million for the 1.2 hectare site in mid-2015.

TOGA managing director Allan Vidor AM was joined by Redfern local and Sydney&nbsp;Lord Mayor Clover Moore at an official ceremony marking milestone.

[smartcode_project:default project_id=9302]

Mr Vidor said the ground breaking marks the start of the much-anticipated regeneration of the iconic site. &nbsp;

<blockquote>
&nbsp;&ldquo;We are very proud to be leading the transformation of this important site that will be a catalyst for the future shape of Sydney&rsquo;s inner city. Our vision is to deliver a precinct that will celebrate the authenticity of the neighbourhood whilst also bringing the energy of new people and businesses to the suburb.&nbsp;

&ldquo;For our future residents, locals and visitors, we are creating a destination that will enrich the area, with exceptional dining and bars alongside some of Sydney&rsquo;s best providores within a new retail laneway, commercial office building and public park. In addition, the precinct will include a boutique 102 room hotel with roof top pool and bar making Surry Hills Village a truly unique, once in a generation project that the community will enjoy for many years to come&rdquo;.&nbsp;
</blockquote>

<a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016"><img alt="" height="1180" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/groundbreaking_toga.jpg" width="1800" /></a>

Lord Mayor Clover Moore said, as a Redfern local, she welcomes the revitalisation of the old Surry Hills shopping centre,&nbsp;bringing new life to the area and better serving the needs of the people who are living here.

Adam Haddow, SJB Architects director and a Surry Hills local, says because of the location of Surry Hills Village,&nbsp;near SJB&#39;s office, the team are hugely passionate about the significant project and the opportunity it presents for the neighbourhood.

&ldquo;Paying homage to the history of the site and building, while ensuring a blend of retail, residential, hotel and commercial space that feels at one with the street environment was a priority. We set out to revitalise the site and to create a space that locals can be proud of.&rdquo;

SJB have designed the development in collaboration with development partners Iain Halliday and BKH, Aspect Studios director Sacha Coles and Studio Prineas architect and principal Eva-Marie Prineas

Surry Hills Village plans finalised as TOGA officially break ground

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The RBA has noted that unusual population trends during the pandemic had materially affected national housing market conditions and other parts of the economy, and would continue to do so for some time. 

The latest minuted noted net overseas migration was expected to be negative into 2022, mostly because of the projected sharp decline in the number of foreign students and other temporary residents. 

"As temporary residents typically live in the larger cities, their absence had especially dampened demand for apartments in Sydney and Melbourne."

The RBA also noted data on domestic migration in Australia showing that the population flow from capital cities to regional areas had picked up. 

"Net domestic migration to Melbourne had also turned sharply negative as fewer people moved there during the pandemic. 

"The members agreed that developments in net overseas and domestic migration would continue to affect conditions in the housing market and the economy more broadly for a considerable period."

The minutes also noted the outlook for the global economy had improved over prior months, but "was likely to remain bumpy and uneven" with better prospects for a sustained recovery. 

"An important near-term issue was how households and businesses would adjust to the tapering of some fiscal support measures. 

"Members noted that there may be a temporary pause in the pace of improvement in the labour market, as many firms had already adjusted the size of their workforces."

The members also discussed the effect that low interest rates have on financial and macroeconomic stability.

"They acknowledged the risks inherent in investors searching for yield in a low interest rate environment, including risks linked to higher leverage and asset prices, particularly in the housing market. 

"Members noted that lending standards remained sound and that it was important that they remain so in an environment of rising housing prices and low interest rates. 

"The Board concluded that there were greater benefits for financial stability from a stronger economy, while acknowledging the importance of closely monitoring risks in asset markets."

The board affirmed that the cash rate would be maintained at 10 basis points for as long as necessary and viewed a negative policy rate "as extraordinarily unlikely."

The board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. 

"For this to occur, wages growth would need to be materially higher than it is currently. 

"This would require significant gains in employment and a return to a tight labour market. 

"The Board does not expect these conditions to be met until 2024 at the earliest."

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=24323]

[smartcode_project:default project_id=3783]

[smartcode_project:default project_id=7633]
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The Reserve Bank Board reaffirmed the existing policy settings, including the cash rate remaining at 0.1 per cent

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