Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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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