Construction is underway at <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a>, the boutique residential development by <a>Excelon Projects</a> on Stephen Street in Yarraville, following the appointment of <a href="https://www.apartments.com.au/builders/balmain-co">Balmain &amp; Co</a> as builder.

The milestone marks a significant step forward for the 53-residence project, designed by <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees Architects</a> with landscape architecture by Simone Bliss Landscape Architects, conceived around a strong focus on community, craftsmanship and connection to nature.

<a href="https://www.apartments.com.au/developers/excelon-projects">Excelon Projects</a>’ vision brings together 41 one, two and three-bedroom apartments and 12 townhomes arranged around a central landscaped garden, prioritising liveability in a low-rise, low-density format.

[smartcode_project:default project_id=144913 project_image_fid=297728]

Open-air corridors, a light-filled lobby and generous setbacks are intended to enhance day-to-day comfort while reinforcing the development’s community-oriented design approach.

Car parking has been located underground to prioritise shared green space and pedestrian movement through the site, allowing the landscaped garden to form the central organising element of the development.

Interiors incorporate custom pieces by Melbourne makers including leadlight pendants by Adadaz, hand-turned timber door handles by Auburn Woodturning, and blown-glass lighting by Ruth Allen, embedding a layer of local craftsmanship throughout the homes.

[smartcode_project:default project_id=144913 project_image_fid=297736]

Sustainability has also informed the design approach, with Yarraville Green targeting an average 7-star NatHERS energy rating. Passive design measures such as cross-ventilation and thermal mass aim to reduce reliance on mechanical heating and cooling, while rooftop solar panels will supply power to common areas and harvested rainwater will be reused for landscape irrigation.

Positioned along the quiet, tree-lined Stephen Street, Yarraville Green sits between Yarraville and Seddon villages, placing residents within walking distance of cafés, dining, boutique retail and the Sun Theatre.

Seddon Station is also a short walk away, ideal for residents seeking an inner-west address with strong amenity and transport connections.

Completion of Yarraville Green is anticipated in 2027.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Balmain & Co appointed builder as construction begins at Excelon Projects’ Yarraville Green

A long-stalled Mermaid Beach development site opposite Pacific Fair, previously earmarked for a twin-tower project, is set for a fresh development push with plans for a major mixed-use residential tower.&nbsp;

Billionaire garbo Ian Malouf's development company, REMI Residences, is proposing Project Elegance, a 44-storey tower with over 270 residential apartments and 88 short-term accomodation units at&nbsp;2065 Gold Coast Highway, Mermaid Beach, on the corner of Mermaid Avenue.

Malouf paid $23.76 million for the 3,783 sqm site in 2022, six years after it traded for $34.1 million when it was bought by Hubei United Investment Group.

 
<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="" data-entity-uuid="" data-widget="image" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20podium.png?VersionId=yRYSSPItvCA5ZeQ49LlwkQYVn7OhEqIC" /><img alt="" data-entity-type="" data-entity-uuid="" draggable="true" height="15" role="presentation" src="data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==" title="Click and drag to move" width="15" />

&nbsp;

The design statement by DKO says Project Elegance "represents a holistic response to its coastal and urban context. It draws upon site, climate, and landscape to create a composed architectural outcome that prioritises occupant experience, public interface, and long-term viability via vibrant and active uses."

They say the subject site&nbsp;occupies a distinctive island parcel with three street frontages and prominent visual exposure to passing visitors.

"This unique position allows the development to form a panoramic dialogue with water and city, setting the foundation for a climate-responsive, site-specific architectural expression.&nbsp;The podium base, inspired by the region’s sandstone headlands and coastal setting, and adopts a sculpted and grounded character that provides a stable counterpoint to the slender tower above."

&nbsp;

<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="file" data-entity-uuid="4f088e10-6493-49d4-83cd-10fc039318ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20tower.png?VersionId=Sbglj0tNBqyvY5V_DlVH.bvjXi8kBbfl" />

Residents and guests would have access to multiple communal recreation levels. Plans include a shared recreation deck on level six, with a pool and three padel courts. There will be a residential-only pool on level seven, and an upper-level communal space only accessible by those buyers towards the top of the tower.

&nbsp;

Ground-floor commercial spaces are proposed to operate between 5am and midnight, contributing to an activated street frontage along the busy Gold Coast Highway corridor.

The site sits within the High Density Residential zone and a Light Rail Urban Renewal Area, where planning policy encourages higher-density development close to transport infrastructure and services. The planning report states the project aims to “ensure the efficient reuse of this centrally located property” and support the transformation of inner-city areas into “more vibrant, compact, interesting, connected and active” precincts.

&nbsp;

The proposal marks the latest attempt to unlock the high-profile parcel, which previously carried approval for the “Elegance” twin-tower development, a project that included more than 500 apartments but ultimately stalled after sales activity ceased in 2019.

REMI Developments has been increasingly active in the Gold Coast property market, with the Malouf-led group positioning itself around premium residential and lifestyle-focused projects as the region continues to attract both interstate buyers and international interest.

Malouf is one of Australia's most impressive entrepreneurs, having sold his waste business fore more than $500 million, having started only with a small truck at 18 years old.

First Look: Billionaire Ian Malouf plans Mermaid Beach tower

A State Significant Development proposal from Ecove Group could see two high-rise residential towers developed above an ALDI-anchored retail podium in Gordon.

The 28-storey towers, dubbed Eight 10, would become the tallest in the sleepy Upper North Shore suburb, which has been stirred by changes to the Low to Mid-Rise Housing Policy aimed at triggering greater density around transport hubs.

Ecove Group’s plans for 810 Pacific Highway, a 2,357 sqm site around 400 metres from Gordon railway station, include 180 apartments, 39 of which would be dedicated as affordable housing.

Architecture firm PBD said in its Design Report the site "presents an exciting opportunity to positively contributes to the surrounding context, enhances the overall urban experience."

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="e50141fa-fb0b-44b3-bf9b-c6d87b993c3b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20podium.png?VersionId=YTgQPBxNnmQwr6x2AJSpVZ1COqa.9oLQ" />

The site previously received approval for a development comprising 56 apartments above retail in 2018.

PBD noted in its report that the planning&nbsp;context for the site has "evolved significantly since the original consent was issued."

In April 2024, the Department of Planning, Housing and Infrastructure (DPHI) identified the site as being located within a Transport Oriented Development (TOD) precinct. In parallel, Ku-ring-gai Council progressed a preferred planning framework for Gordon Town Centre, including proposed amendments to the Ku-ring-gai Local Environmental Plan 2015 (KLEP 2015).

<img alt="First Look: Ecove lodges State Significant Development plans for dual-tower “Eight 10” project at 810 Pacific Highway, Gordon" data-entity-type="file" data-entity-uuid="cf65fb26-a163-41ea-a4d3-8ddbeabd67e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eight%2010%20MAP.png?VersionId=vrQJzXSg3xRH.APBmtth5mA2adPmUPjc" />

PBD said the proposed development "responds to the amended KLEP 2015 and, in addition, seeks to utilise the floor space ratio and height incentives available under Chapter 2, Part 2, Division 1 of the State Environmental Planning Policy (Housing) 2021."

Late last year the first project in Gordon through the NSW Government's Housing Delivery Authority was approved. That was for 106 apartments across two connected seven to eight-storey buildings.

Ecove plans 28-storey apartment towers in Gordon

<a href="https://www.apartments.com.au/developers/graya">Graya</a> has set its sights on one of Brisbane’s scarce remaining riverfront development opportunities.

They have spent $17 million on an 810 sqm site across 16-18 Sandford Street, where it is planning SILK, a 15-storey apartment tower with just 22 apartments.

Planning documents outline a single tower designed to take advantage of the site’s northerly outlook toward the river and Brisbane CBD.

There will be eight two-bedrooms and 14 three-bedroom apartments on offer, each either half- or full-floor.

<img alt="Graya" data-entity-type="file" data-entity-uuid="059e1aa4-695c-4556-bafa-e8b5970c06f5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.07.50%E2%80%AFPM.png?VersionId=tEqwv_m8HYhrXSCStOMFHvGZZ5WgKfEx" />

&nbsp;

According to the Town Planning Assessment, the proposal "showcases a high quality architectural and landscape design outcome that is enhanced by the amenity of the Brisbane River… and provides a subtropical design response that celebrates Brisbane’s climate and lifestyle.”

Ground level includes landscaped communal areas facing the river alongside a gym and outdoor garden space, while the rooftop terrace will feature multiple leisure amenities like swimming pools,&nbsp;dining and barbecue facilities, as well as outdoor relaxation and yoga spaces.

<img alt="Graya" data-entity-type="file" data-entity-uuid="93982dbb-9f27-409b-a319-bd6f458f9ea7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-12%20at%203.09.05%E2%80%AFPM.png?VersionId=gCaaW82pEBxMvXkVkEm4TC_o7_UXA82p" />

Architecturally, the tower form draws inspiration from the movement of water along the river edge. Design documentation describes the building as “a form sculpted by flow, shaped by shifting water,” with curved forms, varied materiality, and sculptural elements used to soften the building’s visual bulk. Sandstone, an iconic material throughout St Lucia, is reinterpreted through a mix of refined and split-face textures across the façade.

The Sandford Street frontage is intended to present an articulated façade featuring vertical landscaping and sculptural architectural elements, helping the tower integrate with the evolving high-density character of the riverfront strip while maintaining visual interest from both the street and river corridor.

Graya has continued to expands its footprint across South East Queensland, with projects under construction across both Brisbane and the Gold Coast.

GRAYA unveils plans for SILK in St Lucia

Less than five months after submitting plans to redevelop the former Cadbury office on St Kilda Road into a luxury apartment tower, development giant <a href="https://www.apartments.com.au/developers/dexus-property-group">Dexus</a>&nbsp;has been given ministerial approval to push on with the project.

Apartments.com.au <a href="https://www.apartments.com.au/news/vic/first-look-dexus-joins-st-kilda-road-apartment-ranks-with-gateway-tower-proposal">revealed the plans in October last year</a>.

The approved project will see the 19-storey office building at 636 St Kilda Road replaced with a <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>-designed tower delivering more than 400 new apartments at the prominent intersection of St Kilda Road and Queens Road.&nbsp;

The design responds to the site’s gateway position at St Kilda Junction, with Bates Smart describing the tower as a “refined and sculptural built form that mediates between the scale of St Kilda Road and Queens Road,” reinforcing a civic presence at the key intersection.&nbsp;

<img alt="First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-10-06%20at%2012.52.37%E2%80%AFPM.png?VersionId=Tq3yyOWe0e0klvy5j4TIjiZT7yd3f1Xk" />

The development will comprise 402 apartments, including 40 studios, 87 one-bedroom, 203 two-bedroom, and 66 three-bedroom residences, alongside six penthouses. The project will also incorporate active frontages, new pedestrian through-links and a landscape strategy designed to integrate with the boulevard character of St Kilda Road.&nbsp;

Public realm improvements form part of the approved scheme, including a 138 square metre linear park, extensive landscaping and approximately 188 metres of active street frontage intended to improve permeability and safety at ground level. Four basement levels will provide 449 car spaces and 120 bicycle spaces.&nbsp;

The project includes a $9.6 million contribution to the Social Housing Growth Fund, equivalent to three per cent of the project’s estimated development cost, supporting broader affordable housing initiatives across Victoria.&nbsp;

<img alt="First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/St%20kilda%20rd%20site.png?VersionId=m_ZioKYhwkvekE3ZUF6y7bz.5_5yFPnZ" />

Wholesale Australian Property Fund (DWAPF) Fund Manager Chris Davitt said the residences are intended to appeal to a broad mix of buyers seeking proximity to the CBD and surrounding amenities.

“We’re excited about the potential of the project to contribute new residential supply to one of Melbourne’s most sought-after areas,” Davitt previously said. “The landmark site at 636 St Kilda Road is at the gateway to Melbourne’s CBD, offering sweeping views and exceptional connectivity.”&nbsp;

The site’s three street frontages, St Kilda Road, Queens Road and Queens Lane, allow for generous setbacks and a flexible built form, while its proximity to the ANZAC Station tram-rail interchange and the St Kilda Road cycling corridor positions it within one of Melbourne’s most connected inner-city precincts.&nbsp;

St Kilda Road has become one of Melbourne’s most active apartment corridors in recent years, with projects such as Victoriana, The Muse and St Boulevard already completed overlooking Albert Park Lake, while Gamuda Land continues construction on Fareham and several other developments are planned nearby.&nbsp;

Dexus secures ministerial approval for St Kilda Road apartment tower

Top Sales

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The top sale of the week was Rovina, a five bedroom, five bathroom home Portsea which sold for $10.7 million, according to CoreLogic RP Data.
The early 1960's home at 3808 Point Nepean Road was sold through Kay &amp; Burton Portsea.
In a distant second was <a href="https://www.realestate.com.au/property-house-nsw-cammeray-121670706" target="_blank">46a Cowdroy Avenue</a> in Cammeray which sold for $6 million through Richardson &amp; Wrench. 
The property features extensive outdoor living areas with views over Willoughby Bay as well as a fully tiled glass edge pool, a gym and a cellar.
 
Top Ten
3808 Point Nepean Road, Portsea, VIC: 5 bed, 5 bath, 3 car house, $10.7 million, Kay &amp; Burton Portsea
46a Cowdroy Avenue, Cammeray, NSW: 5 bed, 4 bath, 2 car house, $6 million, Richardson &amp; Wrench Mosman/Neutral Bay
78 Sackville Street, Kew, VIC: 5 bed, 2 bath, 2 car house, $5.71 million, Jellis Craig Hawthorn
23 Chamberlain Avenue, Rose Bay, NSW: 4 bed, 2 bath, 1 car house, $4.3 million, Ray White Unlimited North Bondi
75 Carrington Parade, Curl Curl, NSW: 5 bed, 2 bath, 4 car house, $3.68 million, McGrath Estate Agents
11 Stanley Street, Chatswood, NSW: 6 bed, 3 bath, 2 car house, $3.35 million, McGrath Estate Agents
116 Mont Albert Road, Canterbury, VIC: 5 bed, 4 bath, 4 car house $3.35 million Fletchers Canterbury
25 Alfred Street, Kew, VIC: 4 bed, 3 bath, 2 car house, $3.25 million, Kay &amp; burton Hawthorn.
4 Ridgemont Close, West Pennant Hills, NSW 5 bed, 3 bath, 3 car house $3.1 million, Louis Carr Real Estate West Pennant Hills/ Cherrybrook 
20 Addison Avenue, Roseville, NSW: 4 bed, 3 bath, 2 car house, $3.05 million, McGrath Estate Agents 
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jonathanchancellor-7SQnKwU6yx

Portsea tops the 10 highest sales this week: CoreLogic RP Data

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The top sale of the week was a four bedroom home in the Sydney beachside suburb of Bronte that sold for the first time in 34 years.
CoreLogic RP Data's top ten sales listing for the week ending 27 September noted the home, <a href="https://www.realestateview.com.au/Real-Estate/9-mirimar-avenue-tamarama/Property-Details-sold-residential-9317606" target="_blank">9 Mirimar Avenue, Bronte</a> is on a 474sqm block with 180 degree views and sold for $7,780,000.
Top ten sales
9 Mirimar Avenue, Bronte, NSW, 4 bed, 2 bath, 2 car house $7,780,000 through Laing + Simmons Double Bay 
48a Hampden Road, Armadale, Vic 4 bed, 2 bath, 2 car house $5,300,000 through Jellis Craig Armadale 
41D New South Head Road, Vaucluse, NSW5 bed, 5 bath, 2 car house $5,250,000 through Laing + Simmons Double Bay 
417/6 Cowper Wharf Road, Woolloomooloo, NSW 3 bed, 3 bath, 2 car unit $4,500,001 through BresicWhitney Darlinghurst 
23 Burran Avenue, Mosman, NSW 3bed,2bath,2 car house $4,390,000 through McGrath Estate Agents 
1101/39 Castlebar Street, Kangaroo Point, Qld 4 bed, 4 bath, 6 car unit $4,315,000 through McGrath Estate Agents 
240 Morack Road, Vermont South, Vic 5 bed, 3 bath, 2 car house $4,150,000 through Ray White Blackburn 
71 Barnstaple Road, Russell Lea, NSW 5 bed, 4 bath, 4 car house $3,910,000 through McGrath Estate Agents 
41 Salisbury Road, Rose Bay, NSW 4 bed, 3 bath, 2 car house $3,900,000 through Raine &amp; Horne Double Bay 
96 Livingstone Avenue, Pymble, NSW 5 bed, 5 bath, 2 car house $3,800,000 through LJ Hooker Wahroonga 
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mick.cee-iDmgDDAmu8

Bronte $7.78 million sale tops CoreLogic RP Data top 10 list

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A classic five level freestanding retail and accommodation building with frontages to both Spencer and Flinders Streets in the Melbourne CBD is on the market for sale through Clinton Baxter and Nick Peden at Savills.
The landmark CBD corner <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-501708313" target="_blank">2-8 Spencer Street</a> is heralded as one of the most recognisable corners in Melbourne.
The building is 100% leased to a range of tenants including Nomads Backpacker Hostel, the backpacker accommodation group that holds the lease until 2018.
The retail tenants include 7-Eleven.
The 1913-built Art Nouveau building, previously known as the Sir Charles Hotham Hotel and the Hotham Private Hotel, last sold for $10.75 million in 2012. 
Property Observer understands the 2012 buyer was associated with private investor Peter Russell's Kurrawong.
The corner block has a land area of 883 square metres with a 20.9 metre frontage to Spencer Street and 40.2 metres to Flinders Street with a $951,517 per annum rental price.
When the hotel was first erected the daily press described as one of the largest in the city, close to what was the shipping trade, Spencer Street Railway Station, Harbour trust offices and Railways Offices.
It includes cellar, ground floor with large public bar, private bar, billiard room, four bar parlours and offices; three storeys and open flat on roof.
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j.ballantyne1990-6AQqhLzZaK

Art nouveau Spencer Street, Melbourne‏ corner offering through Savills

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The week's top reported sale is a Hastings Parade, North Bondi, house, according to CoreLogic RP Data.
The four-bedroom house sold on July 29 through Raine &amp; Horne Double Bay for $3.9 million. It had been on and off the market since 2009, often with $4.7 million price expectations. Earlier this year it had reduced $4 million hopes.
"It is one of the last original freestanding homes left in Blue Chip Ben Buckler," <a href="https://www.realestateview.com.au/Real-Estate/148-hastings-parade-north-bondi/Property-Details-buy-residential-8900842" target="_blank">agent David Hannagan said</a>.
"This freestanding tri-level beach house is situated in one of the most prestigious streets of North Bondi, with the beachfront practically at its doorstep." 
The top 10 
148 Hastings Parade, North Bondi, NSW, 2026, four-bedroom house, sold on July 29 by Raine &amp; Horne Double Bay for $3.9 million
29 Miramont Avenue, Riverview, NSW, 2066, five-bedroom house, sold on July 29 by McGrath Estate Agents for $3.6 million
1/46 Drummoyne Avenue, Drummoyne, NSW, 2047, four-bedroom unit, sold on July 31 by Ward Partners for $3.57 million
30 Craik Avenue, Austral, NSW, 2179, six-bedroom house, sold at auction on August 1 by Grandland Real Estate Edmondson Park for $3.23 million
1/9 George Street, Dover Heights, NSW, 2030, three-bedroom house, sold at auction on July 29 by Phillips Pantzer Donnelley for $3.21 million
225 Belmore Road, Balwyn North, VIC, 3104, four-bedroom house, sold on August 1 by L J Hooker Box Hill for $3.2 million
75 Pacific Road, Palm Beach, NSW, 2108, four-bedroom house, sold on August 28 by Raine &amp; Horne Palm Beach for $3.15 million
37 Hannan Street, Maroubra, NSW, 2035, seven-bedroom house, sold at auction on August 1 by N G Farah Real Estate Kingsford for $3.06 million
16 Burgoyne Street, Gordon, NSW, 2072, six-bedroom house, sold at auction on August 1 by Ray White Gordon/St Ives for $3.02 million
4 Cevu Avenue, Willoughby, NSW, 2068, four-bedroom house, sold at auction on August 1 by Forsyth Real Estate Willoughby for $2.91 million
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