Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

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<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="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/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Wentworth Point

It was a move back to Sydney that prompted entrepreneur Brett Boyle and his wife to secure an apartment in Piety Group's Wentworth Point development, ONE The Waterfront.

Following a two-year stint living in their Blue Mountains home during COVID, the couple returned to the city, and rented an apartment in ONE The Waterfront, the most recently completed building in Piety's waterfront precinct. They went on to buy a two-bedroom apartment in the same building.

Now with a baby on the way, the growing family decided to upsize, selling their apartment for a healthy eight per cent gain and staying put in ONE The Waterfront, buying a three-bedroom unit.

Boyle says the couple have lived on and off in Wentworth Point for the last decade or so, given it's where his parents reside.&nbsp;So when it came time to head back to the city, Piety's nine-building community offered a rare opportunity to live in a near-new apartment in an area they knew well.

[smartcode_project:default project_id=5751 project_image_fid=209824]

"We looked at buying an apartment when we first made the move back to Sydney, but we decided initially to rent within the precinct, to make sure it was the right fit for us," Boyle, who runs the business consultancy firm RiseUp, told Urban.

"Within six months, we bought in the same building."

Boyle says they were impressed with the quality and the level of detail in the project.

[smartcode_project:default project_id=5751 project_image_fid=209829]

"We were confident in both Piety's track record and what we'd physically lived in and owned. We had no problem committing to upsizing within the precinct knowing what we know about the developer," Boyle says, adding that he's now recommending to his family and friends to buy into the project.

"It has a real community-vibe, with the extensive resident amenity meaning you can socialise around a swimming pool or a barbecue area without having to travel far."

On top of the resort-style pool and barbecue areas, residents of ONE The Waterfront have access to a&nbsp;fee free commercial gym, tennis courts, and outdoor rooftop cinemas. There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

Boyle also noted the extended level of care from the Piety team, who are still actively involved in the development well past its completion.

"It's not a case of them selling the apartment and moving on. Piety continue to maintain a high-level of customer experience. The building managers do a very good job of maintaining the project."

Boyle took advantage of the generous incentive which was on offer when he bought the three-bedroom apartment, securing free strata levies for two years.

[smartcode_project:default project_id=5751 project_image_fid=195415]

Laver Residential Projects saw a huge uplift in interest since they released the incentive earlier this year. The incentive is still available for a limited time.

Read more:&nbsp;<a href="/news/nsw/how-piety-group-are-attracting-first-home-buyers-and-investors-to-one-the-waterfront-apartments-in-wentworth-point">How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</a>

First home buyers have also shown significant interest since the NSW Government signed off on the changes to stamp duty. Now&nbsp;a first home buyer won't pay any stamp duty when buying an apartment in ONE The Waterfront, given the most expensive three-bedroom remaining is priced at $1,109,000, well below the new $1.5 million cap.

Late last year Piety submitted plans for the final two towers in the waterfront precinct, which they started developing back in 2010.

[smartcode_project_cta:default project_id=5751]

Boyle says they were impressed with the quality and the level of detail in the project

Why we're onto our third ONE The Waterfront apartment in Wentworth Point: Urban Buyer Q&A

Despite generous government incentives in place for first home buyers, and investors seeing record rental yields due to the current rental market boom, both demographics are contracting when it comes to new lending.

First home buyer numbers dwindled again in November, to be over 30 per cent down since November 2021 and 50 per cent down from the January 2021 peak,&nbsp;according to stats from the Australia Bureau of Statistics.

Investor loans written declined 3.8 per cent in November to be 23 per cent down since November 2021.

Some developers are putting their strongest foot forward to differentiate themselves from other developers and projects, offering their own incentives to prospective buyers.

Traditionally, given investors and first home buyers are traditionally very different buyers, developers tend to offer two different incentives which cater for each of their needs.

Developer Piety Group are offering free strata levies at their recently completed Wentworth Point apartment precinct,&nbsp;ONE The Waterfront.

[smartcode_project:default project_id=5751 project_image_fid=209846]

The two years of no strata levies equates to around&nbsp;$11,000&nbsp;in savings. They're also offering&nbsp;for a limited time&nbsp;purchasers&nbsp;to exchange&nbsp;with just a five per cent deposit, as opposed to the traditional 10 per cent.

The one-bedroom apartments in ONE The Waterfront are priced from $599,000, meaning buyers will only have to face an upfront cost of $30,000. The apartments, despite complete, still fall under&nbsp;the&nbsp;first home owners grant threshold

First home buyers also now can pay no stamp duty on apartments under $1.5 million, as part of the NSW Government's new First Home Buyer Choice scheme.

Sam Elbanna&nbsp;from project marketer&nbsp;Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city.

[smartcode_project:default project_id=5751 project_image_fid=209835]

"There is simply no way this development can be replicated and sold at these prices again in such close proximity to the Sydney and Parramatta CBD’s," Elbanna added.

"The apartments are well thought out, finished superbly and located in a genuine resort style development with swimming pools, a fee free commercial gym, tennis courts and outdoor rooftop cinemas," Elbanna said.

There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

The new scheme is part of a conscious effort from Piety Group&nbsp;and Laver Residential Projects&nbsp;to offer their buyers the best value for money compared to their competitors.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195420]

Toward the back end of 2022, Piety&nbsp;and Laver Residential Projects recognised that buyers were concerned about increases in interest rates,&nbsp;consequently&nbsp;offering an industry first&nbsp;freeze on interest rates hikes&nbsp;so buyers, both owner-occupiers and investors, could freeze their rate when they purchased. The offer&nbsp;covered the cost of future interest rate rises of up to one per cent over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.&nbsp;

The incentives have seen buyer demand surge right through Christmas and into 2023, with a number of the one-bedroom apartments picked up by both demographics, and some quickly rented by investors.

A 2017 buyer of a one-bedroom apartment recently secured nearly $600 a week, representing a rental yield of over five per cent,&nbsp;considerably higher than the average rental yield of 3.4 per cent in and around Sydney. The apartment was snapped up after just one day.

The Amalfi Drive development,&nbsp;is&nbsp;conveniently located for commuters near the Sydney Olympic Ferry Terminal and&nbsp;has&nbsp;easy access to the Western Motorway,&nbsp;It&nbsp;was designed by Stanisich Architects who say ONE The Waterfront is crafted, contemporary and connected - three key ideas that underpin the aesthetic for the development.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195430]

The project sits on the doorstep of Bay Park's 5,000 sqm of parklands, which feature a children's playground, fitness station, and further barbecue facilities.

“Buyers are yet to grasp the likely value increases that are coming due to a number of factors,” Elbanna said.

“The new light rail station is opening up directly in front of the development providing&nbsp; fantastic and convenient public transport, whilst the new surf park will provide further entertainment for residents.”

[smartcode_project_cta:default project_id=5751]

Sam Elbanna from project marketer Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city

How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point

City Freehold Projects are continuing their development descent on Wentworth Point, lodging plans for the second stage of their masterplan on Hill Road.&nbsp;

The first stage, Block D, is costing a reported $121 million, and is due for completion in June 2023, with the latest plans lodged for Block C.&nbsp;

Some 300 apartments are set to be constructed across four buildings, which will range in height from seven-storeys to 20-storeys.&nbsp;

Tower one will be the grandest tower of the lot, soaring 20-storeys, with a 16-storey shoulder and 144 apartments. Tower two will top out at eight-storeys and will include 57 residences, while towers three and four will max out at seven-storeys, with approximately 50 apartments penned for each. A six-storey link building will also connect towers two and four.&nbsp;

<img alt="Render of the Wentworth Point development" data-entity-type="file" data-entity-uuid="9df8a054-99d5-4357-8c59-61ce0d116cdb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-30%20at%205.28.52%20pm.png?VersionId=xdhExGlNIRSR83O3ZSBu17FSS7R2mm1g" />

A mix of one, two, two-plus and three-bedroom apartments will be delivered across the towers, with architecture firm Bates Smart engaged to handle the designs.&nbsp;

The 9,053 sqm site will be bounded on three sides by new roads, Monza Boulevard to the northwest, Marine Parade to the southwest and Verona Drive to the northeast. A new public park is also set to be delivered across from Monza Boulevard, as part of the next stage of Block B.&nbsp;

The main entry and primary address for the development is located below tower one, diagonally facing the future public park on Monza Boulevard. Secondary entrances and communal amenities activate the public pedestrian link which will connect Block D to Block B.&nbsp;

The three tower forms come to ground and are emphasised with a vertical facade expression, producing an elegant elongated form.

In tying in with Block D, and the developing family of buildings forming the masterplan, a collection of townhomes line the base of the podium, with precast concrete, bronze metal fins and glazed screening making up the upper levels of the apartments.&nbsp;

<img alt="Render of the Wentworth Point development" data-entity-type="file" data-entity-uuid="e143719a-b09b-4566-b58d-c062dca5363a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-30%20at%205.27.52%20pm.png?VersionId=D3D9LzKW0dK4WUoOweCM5MUj2XDlU7Qw" />

“We propose a refined facade approach which contrasts strong horizontal expression on the streetwall buildings with an equivalent vertical expression to the tower,” Bates Smart said in their application plans.

A communal green podium will make its home across level three, providing an open connection between the buildings and residential amenities. The podium is set to feature a gym, working spaces and quiet rooms, as well as a lounge with media facilities and barbecue space across the open podium. Further amenity will be provided across level 17, where a dining room and lounge open out to a rooftop terrace and pool.

The apartments that will face the podium will benefit from enlarged private courtyards which are shielded by planted buffer zones and concealed fences.

alisonwarters@gmail.com

City Freeholds lodge second stage of Wentworth Point masterplan 

Sekisui House has received development approval for Stage 2 in the company’s $2 billion Sanctuary masterplanned community in Sydney’s Wentworth Point,

Designed by PBD Architects, Stage 2 will comprise of two buildings, Laguna and Glade, which combined will home 171 waterside apartments. Laguna will rise&nbsp;13 levels and will have 101 apartments, while Glade will reach eight storeys and have 70 apartments.

Connecting both buildings will be a 3,150 sqm neighbourhood green, a landscaped public open space featuring a covered communal dining area, waterplay and multiple green break out area.

As part of Stage 2’s delivery, a recreational facility, known as Revive, which will feature an indoor swimming pool, spa, sauna, and gym, will also be completed.&nbsp;

Zac Petrovic, Senior Development Manager – Apartments &amp; Mixed-Use Developments at Sekisui House Australia says Stage 2 has been developed as part of the broader Sanctuary masterplan.

[smartcode_project:default project_id=6969 project_image_fid=228637]

"Stage 2 has been designed to act as the heart of the Sanctuary community, with the journey through Laguna and Glade effectively connecting all stages," Petrovic says.

"A comprehensive placemaking strategy has also been created to provide residents with desirable recreational amenities and a cohesive, well considered walkable community.

James McCarthy, Director at Turner Studio who designed the wider Sanctuary Park masterplan, says every stage in Sanctuary has been meticulously planned to maximise natural light and capture surrounding waterfront and park views to maximise the context of this unique site.

“Building forms reflect the gentle curves of the Parramatta River, integrating architecture and nature to create a perfect synergy. Natural materials will be used, inspired by the development’s waterfront location. The lower rise building Glade is designed to offer residents an enhanced spatial experience, while the inclusion of a neighbourhood green acts as a place catalyst.”

[smartcode_project:default project_id=6969 project_image_fid=228633] 
 
Sanctuary’s masterplan spans 9.4 hectares across six stages and will provide a vibrant mixed-use precinct with around 2000 waterfront apartments, retail and other community amenities. The first building stage, the gateway to Sanctuary, was completed in November 2020.

The masterplanned community is located approximately 16 kilometres from Sydney’s CBD. Sanctuary is within a two-minute walk to Sydney Olympic Park Ferry Wharf. Bus, ferry and train (Rhodes) networks directly link with major transport nodes, 45 kilometres of bike paths surround Sydney Olympic Park and over 47 hectares of nature reserves surround the site.

[smartcode_project_cta:default project_id=6969]

Designed by PBD Architects, Stage 2 will comprise of two buildings, Laguna and Glade, which combined will home 171 waterside apartments.



First look: Sekisui House secure approval for Sanctuary, Wentworth Point masterplan second stage

Having completed One The Waterfront in Sydney's Wentworth Point, busy apartment developer Piety Group is onto its final stage of their Wentworth Point project.

They've submitted plans for two more buildings, at this stage just known as Building F and Building C, which will bring a further 155 apartments to the area which was not so long ago just mud flats.

The development will have 620 apartments across nine buildings with the new apartments since Piety Group started the $520 million development phase in 2010.

Turner Studio noted in their architectural report submitted to the Parramatta council that the architectural form of the two towers seeks to acknowledge the pattern of the substantially completed One The Waterfront residential development.

<img alt="A proposed building" data-entity-type="file" data-entity-uuid="99c63429-a1c0-45fb-8007-7f53b0078340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.36%20pm.png?VersionId=L8oH8jbEu6lqeLA.ygFDJ0cG4BI8Svr3" /> 
A render of Building C. Image credit: Turner Studio

They noted that the&nbsp;built form of the previously approved development applications have allowed for stepping in the facade alignment, and substantial indents in the built form along Bennelong Parkway.

"These result in a highly articulated streetscape and urban design outcome," Turner suggested, adding that the proposed built form opens up view lines into the central podium courtyards to Bennelong Parkway that improves the permeability of the scheme.

"The new buildings are in keeping with their adjoining context and will marry with the remainder of the scheme. Their stepped building form will further enhance the articulation of the precinct’s streetscape."

<img alt="Building F" data-entity-type="file" data-entity-uuid="e0495a65-175e-4b16-bc61-aff866e1ecc1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-23%20at%2012.46.25%20pm.png?VersionId=ysmLohibLzmMPUjNleUAMPa1X7n86eh5" /> 
A render of Building F. Image credit: Turner Studios

They say the proposal significantly improves the building separation distances already achieved within the already completed components of the scheme.

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

"The proposal seeks to create a lush green landscape that frames and envelopes the proposed new Buildings E &amp; F. These new additional landscaped spaces will complete a network of green links that connect Homebush Bay to the Millenium Parklands, and the adjacent Bay Park to the Haslams Creek wetlands."

Turner note that the proposal seeks to do better than 'business as usual' and has made the landscaping component key to the design excellence of the overall scheme.

Piety Group submit final stage of Wentworth Point masterplan

While buyers continue to watch the RBA raise interest rates which, in turn, is damaging prospective buyers potential spending capacity, Sydney developer Piety Group is looking to offset any fears of future rate rises.

As an industry-first, Piety Group, in conjunction with Laver Residential Projects who are selling and marketing the newly completed luxury lifestyle apartments at ONE the Waterfront in Wentworth Point are making a unique ‘freeze your rate’ offer to investor and owner-occupier buyers.

The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.

[smartcode_project:default project_id=5751 project_image_fid=195417]

James Quigley, Managing Director of Piety Group said they believe the direct cost saving will appeal to both owner-occupiers and investors alike.

Sam Elbanna, Project Director at Laver Residential Projects, calls it a fantastic initiative.

“This is the first of its kind that I can recall in the Sydney market and I think this will give people confidence and, more importantly, peace of mind when buying," Elbanna said.

"There has been uncertainty - however, we know from experience this is likely to be a short-term rate hike for buyers and our offer can help overcome this.”&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195420]

The offer applies across the range of one, two and three-bedroom apartments at the brand-new resort-style ONE the Waterfront complex located at Wentworth Point, with prices starting from&nbsp;$599,000. The rate freeze applies for both owner-occupier and investor mortgages.

Piety Group recently lodged plans for the final stage of their Wentworth Point masterplan, adding another 155 apartments to the precinct.

The RBA has now hiked the cash rate in five consecutive months, with experts suggesting there are still a few more rate rises expected in 2022.

[smartcode_project_cta:default project_id=5751]

The offer covers the cost of future interest rate rises of up to 1% over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate

Piety Group offer 'freeze your rate' at One the Waterfront, Wentworth Point apartments

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Melbourne City defender Iacopo La Rocca has sold his two bedroom Sydney apartment.
The former Western Sydney Wanderers player sold the Wentworth Point home for $701,000.
It traded for $11,000 more than the price guide which had been reduced from the initial $700,000 - $770,000 guide presented when it first hit the market.
There were four bidders at auction.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-wentworth+point-131369566" target="_blank">842/2 The Crescent</a>, he bought the home for $499,000 during his 2013 debut season.
La Rocca has been renting out the apartment since leaving the Wanderers.
The apartment had a $750 per week rental asking price in May.
Recently renovated, the two bedroom, two bathroom abode has an open-plan layout, with views of the district and the water.
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Melbourne City defender Iacopo La Rocca sells Sydney apartment

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The former Bachelor contestant Bec Chin and her fiancé Dean Vicelich have secured $726,000 for their Wentworth Point apartment.
McGrath Concord agent Ania Aquino sold the home as the couple, who will marry next month, are off to Chipping Norton.
There was a $720,000 price guide for their well-appointed apartment which occupies a private corner in the Lipari block.
The dietitian was in the 2015 Bachelor series where Sam Wood chose Snezana Markoski in the show’s finale.
Dean Vicelich, a former rugby league player in the NSW Cup grade, and Chin have a baby, Savannah Rose born last December.
He is a director at Smart Property Projects, a building and refurbishment company specialising in healthcare projects.
This article first appeared in The Saturday Daily Telegraph.  
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Bachelor contestant Bec Chin and Dean Vicelich sell at Wentworth Point

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Former NRL champion Todd Carney has quickly found a buyer for his Wentworth Point investment apartment.
He's accepted a $500,000 offer, up from its $480,000 guide. 
It was Carney's first property purchase when he paid $395,000 back in 2007 when he was at the Canberra Raiders.
The 86 sqm, one bedroom rental apartment on the sixth floor of the Lipari building was sold by Frank Colacicco at Cobden &amp; Hayson.
The Goulburn-born play-maker is now in the English Super League with Hull Kingston Rover after being released from his Northern Pride contract in Queensland.
He sustained a calf-injury on his home debut in a defeat to Salford earlier this month. 
Carney's property portfolio includes apartments in Coogee, Waverley and Sans Souci.
This article first appeared in The Saturday Daily Telegraph. 
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Todd Carney sells at Wentworth Point

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The former Bachelor contestant Bec Chin and her fiancé Dean Vicelich are on the move.
Their Wentworth Point apartment, with water glimpses, has been listed for August 18 auction.
McGrath Concord agent Ania Aquino has listed the home as the couple, who will marry in September, are off to Chipping Norton.
The dietitian was in the 2015 series where Sam Wood chose Snezana Markoski in the show’s finale over runner-up Lana Jeavon-Fellows.
Sydney Confidential wrote Chin was fairly quiet on the Channel 10 reality dating show which was filmed at the historic Fernhill Estate at Mulgoa.
Dean Vicelich, a former rugby league player in the NSW Cup grade, and Chin have a baby, Savannah Rose born last December.
He is a director at Smart Property Projects, a building and refurbishment company specialising in healthcare projects.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/30/wentworth%20point%202.jpg" alt="">
There is a $720,000 price guide for their well-appointed apartment which occupies a private corner in the Lipari block.
It also has a rare oversized study.
With fresh paint and new carpet, it enjoys an outlook over a landscaped courtyard in the pet friendly block.
There is a residents' only pool plus proximity to the Pulse Gym.
This article first appeared in The Sunday Telegraph. 
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