Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" 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%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Western Australia

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Expected to outperform in 2021, Perth has been lauded by industry experts as a strong market to invest in.

The latest insights from leading economists point to booming conditions in Perth, where vacancies are low and there is upward pressure on rents.

According to Herron Todd White’s Chris Hinchliffe, the $500,000 to $1.5 million price range in established suburbs will be a key market segment to watch in the WA capital.

"The owner-occupier market has been very hot lately and it will be interesting to see what it does over the next 12 months as investors also re-enter the market," he said.

The capital city is experiencing a decline in listing volumes, with sales listings hitting a 10-year low in February, according to REIWA data.

With strong demand looking like it may swamp market supply, Urban takes a look at four new Perth apartments that you can secure via Urban today.

1. Shenton Quarter, Shenton Park 6008 
Address: Corner of Selby Street and Seymour Avenue, Shenton Park WA 
Two-bedroom apartments from $580,000

[smartcode_project:default project_id=26734]

Developed by Iris Residential, Shenton Quarter delivers 157 light-filled apartments in one, two and three-bedroom configurations in the sought-after Montario Quarter Estate.

The $140 million mixed-use residential and retail development, designed by Cameron Chisholm Nicol, features spacious balconies and terraces and high ceilings and offers outstanding views.

Among the development’s amenities include a 20-metre pool, residents’ dining area, a children’s play area and a stylish outdoor barbeque area.

2. Siskas at Taskers, North Fremantle 
Address: 9-15 McCabe Street, North Fremantle WA 6159 
Two-bedroom apartments from $975,000

[smartcode_project:default project_id=7864]

Siskas is the final stage in the luxury Taskers apartment development in North Fremantle, expected to be completed in less than six months.

There are 55 apartments in Siskas, with prices starting from $595,000 a one bedroom apartment, $975,000 for a two bed and $1,225,000 for a three bedroom apartment.

Taskers has been developed by Gary Dempsey Developments and created in collaboration between local architects Craig Steere Architects and Zuideveld Marchant Hur.

3. The Towers at Elizabeth Quay, Perth 
Address: 1 Riverside Drive, Perth WA 6000 
Two-bedroom apartments from $1,430,000

[smartcode_project:default project_id=7854]

Situated in Perth’s most prestigious riverside precinct, the Towers at Elizabeth Quay offers prospective residents luxurious residences in an exclusive setting.

The mixed-use complex is anchored by the Ritz-Carlton, giving residents access to the hotel’s podium rooftop bar, hotel spa and vitality pools.

Designed by Cottee Parker Architects, the project features private terraces, free-standing baths and floor-to-ceiling facades.

4. Tryst, West Leederville 
Address: 85 Cambridge Street, West Leederville WA 6007 
Three-bedroom apartments from $595,000

<img alt="" height="976" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-04-08_at_9.15.27_pm.png" width="1558">

Positioned between the city and the coast, Tryst delivers homebuyers high-quality residences within walking distance of Subiaco.

Delivered by ACTON Projects, the development boasts an impressive six-star energy rating, floor-to-ceiling windows and open-plan living areas.

Just 450-metres from Tryst is West Leederville train station, delivering close by public transport and convenient access to the Perth CBD.
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Expected to outperform in 2021, Perth has been lauded by industry experts as a strong market to invest in.

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Four new Perth apartments on the market right now

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Shenton Quarter is the latest development delivered by leading Western Australian developer Iris Residential in joint venture with Alceon.

The $140 million mixed-use residential and retail development delivers 157 luxurious and light-filled residences in the highly sought-after Shenton Park urban village.

Located within DevelopmentWA's Montario Quarter Estate, the one, two and three-bedroom apartments boast convenience and luxury with the prime western suburbs lifestyle at your fingertips.

Urban takes a look at five reasons you should consider an apartment at Shenton Quarter. 

1. Developed by Iris Residential

[smartcode_project:default project_id=26734]

Iris Residential is Perth’s leading developer of apartments for owner-occupiers, delivering liveable homes in premium locations.

The development group have successfully completed 24 apartment projects, characterised by their high-quality, thoughtful design and amenity-rich locations.

2. Luxurious Residences

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-76aa60aa85ec7b778889d78363156238.jpg" width="2000"></a>

Designed by Cameron Chisholm Nicol, known for many notable buildings across the Perth CBD and wider metro area, Shenton Quarter delivers a mix of architecturally-designed loft-style townhouses and apartments.

The project’s offerings include high ceilings, wool carpets, reconstituted stone benchtops and the choice of three colour schemes.

Generously sized balconies and terraces with outstanding views help to form the amazing Shenton Quarter address that residents can take pride in.

3. Communal Amenities

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-7e94706e8610d1df81c19fc6ca01f4f9.jpg" width="1732"></a>

The Shenton Park development offers residents exclusive access to private landscaped gardens, vegetable gardens and fruit orchid with citrus trees.

Among the developments other amenities include a 20-metre solar-heated swimming pool, lounge and dining area, a children’s play area and a stylish outdoor barbeque area.

Convenience is at the centre of the project’s considered design, with a fully-equipped gym open to residents and a yoga deck perfect for a morning fitness session.

4. On-Site Retail

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-1f49e52732348176f12ae9d87f435e85.jpg" width="1732"></a>

Delivering the ultimate in 21st-century convenience, Shenton Quarter delivers a new shared pedestrian-car laneway.

The laneway will be lined with cafés, alfresco dining, ground-floor supermarkets, specialist boutiques, pharmacy and commercial tenancies.

The retail space will be anchored by a new speciality Coles supermarket.

5. Environmentally-friendly Community

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park"><img alt="" height="1154" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shenton-quarter-corner-of-selby-street-and-seymour-avenue-shenton-park-ce58e4d41122b2f8728dae74cb1f2884.jpg" width="1732"></a>

With an environmentally sustainable design, Shenton Quarter achieves a four-star Green Star equivalent rating and features best-practice sustainability features.

The project will be home to a 400-metre vegetable garden, exclusive to residents and half an acre of landscaped gardens worth over $2 million.

Other green features include bike storage, 85kW photovoltaic cells to provide supplementary power for common area power use, four electric car charging ports and water-efficient design.

Apartments in the Perth development begin at $399,000 for a one-bedroom apartment, while two and three-bedroom apartments start from $580,000 and $880,000, respectively.

The project is slated for completion mid-next year.

 
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The $140 million mixed-use residential and retail development delivers 157 luxurious and light-filled residences in the highly sought-after Shenton Park urban village

Five reasons to secure a Perth apartment in the vibrant Shenton Quarter community 

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Vendor discounting figures are regularly collected by research house SQM Research. Now, they’ve compiled the 10 most discounted individual properties in Western Australia.
They note that Western Australia is a locality that has undergone substantial change in recent years for residential property, with the mining boom and subsequent downturn.
“Many of the properties we see below can be easily recognized from our national top ten most discounted properties, as over the past few months, Perth properties (and other properties from Western Australia) have made up the bulk of the list,” their research notes.
Just one of the homes on SQM Research’s Western Australian list had an initial asking price below $1 million, which is certainly not the norm for discounted properties across the country. After discounting, just two dropped of the Western Australian properties dropped below the seven figure mark.
Across the entire list, two were from South Perth, with the top two in Carabooda.
<a href="https://www.realestate.com.au/property-residential+land-wa-carabooda-200627671%20" target="_blank">292 Carabooda Road, Carabooda</a>
<img src="/images/2014/10/1/1.jpg" alt="">
Initial asking price: $1,650,000 Now asking: $1,032,000  Discount: 37%  Days on market: 404 <a href="https://www.realestate.com.au/property-house-wa-carabooda-114289451" target="_blank">219 Bernard Road North, Carabooda</a>
<img src="/images/2014/10/1/2.jpg" alt=""> 
Initial asking price: $3,500,000 Now asking: $2,272,000  Discount: 35%  Days on market: 404 In terms of the dollar figure, this has been reduced by the most on the list – copping a $1,228,000 reduction on asking price. <a href="https://www.realestate.com.au/property-unit-wa-bicton-115389839">28a Malsbury Street, Bicton</a>
 <img src="/images/2014/10/1/3.jpg" alt="">
Initial asking price: $1,500,000 Now asking: $1,000,000  Discount: 33%  Days on market: 308 <a href="https://www.realestate.com.au/property-house-wa-doubleview-116544475" target="_blank">1 Princess Road, Doubleview</a>
<img src="/images/2014/10/1/4.jpg" alt="">
Initial asking price: $2,700,000 Now asking: $1,800,000  Discount: 33%  Days on market: 175 <a href="https://www.realestate.com.au/property-house-wa-yanchep-115004491" target="_blank">48b Brazier Road, Yanchep</a> 
 <img src="/images/2014/10/1/5.jpg" alt="">
Initial asking price: $985,000 Now asking: $699,000  Discount: 29%  Days on market: 350
This article continues on the next page. Please click below to continue.
<hr class="system-pagebreak">
 <a href="https://www.realestate.com.au/property-apartment-wa-south+perth-113923551" target="_blank">12/4 Scott Street, South Perth</a>
<img src="/images/2014/10/1/6.jpg" alt="">
Initial asking price: $3,650,000 Now asking: $2,600,000  Discount: 29%  Days on market: 481 <a href="https://www.realestate.com.au/property-duplex+semi+detached-wa-burswood-116984079" target="_blank">21b Hampton Street, Burswood</a>
<img src="/images/2014/10/1/7.jpg" alt="">
Initial asking price: $1,400,000 Now asking: $1,000,000  Discount: 29%  Days on market: 126 <a href="https://www.domain.com.au/property/for-sale/townhouse/wa/perth/?adid=2010865160" target="_blank">211 Bulwer Street, Perth</a>
<img src="/images/2014/10/1/8.jpg" alt="">
Initial asking price: $1,500,000 Now asking: $1,100,000  Discount: 27%  Days on market: 930 Of all the properties on the list, this one has been on the market for longest – at 930 days. <a href="https://www.realestate.com.au/property-house-wa-sorrento-116607811" target="_blank">2 Marine Terrace, Sorrento</a>
<img src="/images/2014/10/1/9.jpg" alt="">
Initial asking price: $3,990,000 Now asking: $3,000,000  Discount: 25%  Days on market: 161 <a href="https://www.realestate.com.au/property-apartment-wa-south+perth-114534271" target="_blank">32/39 South Perth Esplanade, South Perth</a>
<img src="/images/2014/10/1/10.jpg" alt=""> 
Initial asking price: $1,295,000 Now asking: $990,000  Discount: 24%  Days on market: 406
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The top 10 most discounted properties in Western Australia: SQM Research

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A continuining drop in first home buyer numbers has chief executive of the Real Estate Instute of Western Australia (REIWA), Neville Pozzi, warning the government not to introduced any stamp duty increases for first timers.
He said that this drop should come as a budget warning to the state government.
“Given that first home buyers are dropping in numbers, it’s critical that the Treasurer doesn’t bring back stamp duty for this segment of the market,” Pozzi said.
Currently, first home buyers in Western Australia are exempt from stamp duty payments for homes under $500,000.
“It’s very concerning, however, that Premier Barnett has indicated that the current tax break for first home buyers is under review and might be changed,” he said.
“The housing market is very susceptible to cost pressures and making first homes more expensive would be a terrible blow to the market just as it’s starting to stabilise,” he said.
FHOG applications for the March quarter, as recorded by the Office of State Revenue, recorded a 9% drop. This is 21% below the June 2013 peak.
This drop is across both the established and new-build sectors, with established homes dropping by 14%.
“This means that grants being paid out have now fallen below the average since the FHOG was first introduced 14 years ago,” he said.
He noted that the "last thing" the market needs at present is any added cost pressure on first time buyers.
The median purchase by first home buyers in March was $470,000 in Perth, and $350,000 in regional Western Australia.
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REIWA chief executive warns against FHB stamp duty introduction

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A three bedroom brick and tile house in Koongamia, a northeastern suburb of Perth, has been listed for $349,000 by mortgagees.
The Western Australian home is offered by Donna Gibb from Harcourts.
Built in 2003,<a href="https://www.realestate.com.au/property-house-wa-koongamia-128290002" target="_blank"> the 33B Koolgoo Way house</a> comes with three double sized bedrooms, formal lounge, open plan dining and outdoor entertaining area. 
It also features the well-appointed kitchen, entrance hall and family room. 
Nestled on an easy care 548 square metre block, it is close to shops, school and public transport.
It last sold at $372,500 in 2007.
It hit the market in March with other agents at $379,000.
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Koongamia three bedroom brick house for mortgagee sale

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RE/MAX Western Australia’s managing director Geoff Baldwin has spoken out against potential changes to current stamp duty dispensations for first home buyers, saying that if the relief was decreased or abolished there would be dire effects across the market.
 “The negative affect the ceasing of stamp duty relief for first home buyers would be extremely damaging however, when this segment of the market stagnates it ripples up through all price ranges and the effect would be crippling”, said Baldwin.
“If you take a line through New South Wales and Victoria where subsidies have been abolished, first home buyer activity has dropped to 8% and 12% respectively, compared to the current 22% in Western Australia (RP Data).
“Historically, in a healthy market, first home buyers account for around 25 to 30% of all buyers.
“The established home market has already taken a massive hit through the government’s recent actions in changing the First Home Owner Grant whereby those building new homes receive $7,000 and people buying established only $3,000.
“To abolish first home owner stamp duty concessions would be extremely short sighted as it will a negative impact the whole market and hence the Industry, just at a time where we are again experiencing some prosperity in the property sector.”
 
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Rumoured cuts to stamp duty relief for first home buyers would be “extremely damaging”: RE/MAX

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ANZ reported an interim cash profit of $3.4 billion for the half, an improvement of 23 percent - the prior year result having been hit by write-downs - but missing market expectations of a $3.5 billion result. 
The group's net interest margin was only impacted to a very small extent by funding costs, but did decline nevertheless.
ANZ announced rate hikes on investor and owner-occupier loans last week, with steep increases of up to 40bps on interest-only products (but some cuts being applied to principal and interest mortgages).
Over the next year we can expect to see lenders forcing borrowers away from interest-only loans as I looked at in more detail here. 
This isn't the place for a detailed review of the ANZ interim financials, but below I'll take a quick look at the home loan portfolio. 
ANZ's 90+ day home loan delinquencies have been relatively contained to date in the Australia division, though they have tracking at somewhat higher levels than seen in recent years. 
<a href="https://www.propertyobserver.com.au/images/2017/05/04/ANZ1.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/04/ANZ1.jpg" alt="">
A closer look at the portfolio performance for the Australia division reveals the concerning rate of deterioration in home loans that are 90 days past due in Western Australia.
Since 2013 home loans that are 90 days past due in the state have risen sharply from as close to zero as you will see across a loan book towards 1.4 per cent of home loans. 
<a href="https://www.propertyobserver.com.au/images/2017/05/04/ANZ2.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/04/ANZ2.jpg" alt="">
Queensland has typically had a higher rate of delinquency than elsewhere since severe flooding in the state in 2010-11. 
Now more than half a decade on the flood-related delinquencies have mostly either been impaired or resolved, but loans that are 90 days past due remain higher than elsewhere in Australia due to the very poor economic conditions in many parts of regional Queensland.
Vacancy rates are also elevated in Perth and many parts of regional Western Australia and Queensland, a knock-on impact from the end of the resources construction boom.
The ANZ share price took a knock from yesterday's results, dropping by 2.12 percent by the close to $32.25. 
Genworth Mortgage Insurance (ASX: GMA) dropped 4.19 percent to $3.20 yesterday, having been down by 7 percent in early trade. 
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/">blogger</a>.
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx">Four Green Houses and a Red Hotel</a>.
 
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WA home loan portfolio deteriorating: Pete Wargent 

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The Perth market, where vacancies are low and there is upward pressure on rents, is seeing strong demand led by first-home buyers. Perth provides buyers with high-quality developments on the affordable end of the market. 

Renowned demographer Bernard Salt said Perth is the “the right place for the moment”, predicting its property market will boom over the next several years. 

If you're a first home buyer, here are four residences you can secure in WA's capital for less than $640,000.

1. The Crest Burswood 
Two-bedroom apartments from $635,000 
Address: 120 Goodwood Parade, Burswood QA 6100

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-crest-burswood-120-goodwood-parade-burswood-3376c18e904ac70c361ab0868b478fcc.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-crest-burswood-120-goodwood-parade-burswood-3376c18e904ac70c361ab0868b478fcc.jpg?itok=XM-ifvHS" width="580"></a> <a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nw-crest-home.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="292" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nw-crest-home.jpg?itok=RbTN3avK" width="580"></a>

Delivered by Norup + Wilson, The Crest offers world-class facilities in Perth’s inner south-east. Situated nearby Perth parklands, residents can take weekend strolls along Swan River or a short trip to the Perth CBD by train.

The 21-storey tower features full wrap-around balconies, extensive joinery and an abundance of light. Two-bedroom apartments in the project start from $635,000 with one-bedrooms from $380,000. Designed by Wood Bagot, the homes offer a 15-metre heated pool, outdoor cinema, rooftop garden area and Smeg appliances.

 

2. One54, Tuart Hill 
Three-bedroom townhouses from $639,000 
Address: 154 Banskia Street, Tuart Hill WA 6060

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one54-tuart.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="431" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/one54-tuart.jpg?itok=NUWwAjoa" width="580"></a>

Situated in a conveniently-located, up-and-coming suburb, One54 is ideal for downsizers, young professional sand families. Double-storey, three-bedroom townhomes sell from just $639,000. Delivered by Griffin Projects Group, One54 Tuart comprises 15 residences with quality finishes, open-plan living spaces and front and rear landscaping.

Tuart Hill is located in close proximity to Westfield Innaloo, Osborn Park’s industrial hub, Herdsman Lake and Main Street. 
 

3. The Precinct, Mount Pleasant 
Two-bedroom apartments from $615,000 
Address: 893 Canning Highway, Mount Pleasant WA 6153

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-precinct-893-canning-highway-mount-pleasant-85fe3ae4cc986d1b4ab67c207143f657.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-precinct-893-canning-highway-mount-pleasant-85fe3ae4cc986d1b4ab67c207143f657.jpg?itok=svRYiHbF" width="580"></a> <a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-precinct-893-canning-highway-mount-pleasant-9356927c346977cea7c35db0389457c4.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-precinct-893-canning-highway-mount-pleasant-9356927c346977cea7c35db0389457c4.jpg?itok=yZr34Nh7" width="580"></a>

Another development delivered by Norup + Wilson, is their Mount Pleasant project, The Precinct. Apartments in the 22-level multi-residential tower come in one, two and three-bedroom configurations, with two-bedroom apartments beginning from $615,000.

Amenities in the project include 10 ground-floor restaurants, resort-style pool, outdoor and indoor gym, sprint track, residents’ lounge and sky lounge. Designed by Woods Bagot, the residences offer views spanning from Kings Park and the CBD to the converging Swan and Canning Rivers.

 

4. One Mabel Park, Jolimont 
One-bedroom apartments from $430,000 
Address: 22 Pollen Grove, Jolimont WA 6014

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/one-mabel-park-salvado-road-jolimont-421c5ad98bb199ca06517246c8882e32.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="313" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/one-mabel-park-salvado-road-jolimont-421c5ad98bb199ca06517246c8882e32.jpg?itok=QdwjlytX" width="580"></a>

One Mabel Park, located in the small suburb of Jolimont within the City of Subiaco, offers buyers the potential of $25,000 HomeBuilder rebate and a 75 per cent stamp duty rebate. The luxury development only has one apartment remaining under $500,000 – a one-bedroom, one-bathroom residence with a large balcony and quality finishes.

Designed by Cameron Chisholm Nichol, One Mabel Park is located next to Henderson Park and Jolimont Lake. Each apartment has been designed to make the most of the unique dual park setting, creating a sense of connectedness with views to the parklands and CBD from the east-facing apartments.

Amenities include an air-conditioned resident’s gym, double-glazed windows, electric vehicle charger and sustainable water systems.
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Here are four new residences you can acquire for less than $640,000 in Perth

December 2020: New developments you can secure in Perth under $640,000

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ABS Building Approvals data for October continues to show the positive impact of HomeBuilder on the detached house market with the highest number of approvals since early 2000, according to HIA Economist, Angela Lillicrap.
“HomeBuilder was the catalyst for improving consumer confidence in the housing market. The strength of building approvals is due to several factors including low interest rates and changes in consumer preferences."
“HIA New Home Sales data suggests that detached house building approvals will continue to be strong over the coming months. The extension of HomeBuilder will see these strong results carry on well into 2021," added Ms Lillicrap.
Detached house approvals increased by 18.6 per cent in the three months to October 2020 compared to the preceding three months and are 23.2 per cent higher than the same time last year.
Western Australia has seen the largest improvement in the last three months with detached housing approvals 62.8 per cent higher than the same time last year. This is due to the pent up demand for new housing in the state, as well as other state government stimulus measures.
Queensland and the Northern Territory have also experienced strong increases in detached housing approvals, up by 33.0 per cent and 30.6 per cent respectively, on the preceding three months.
Multi-unit approvals remain 12.5 per cent lower than the same time last year.
"The small number of multi-unit projects that gained approval in October are likely to have commenced the planning and building approval process years ago. These are not a good indicator of prospective commencements in this part of the market."
"Slower population growth, particularly in Sydney and Melbourne, and an increased preference for detached houses, will likely see demand for apartments constrained going into 2021,” concluded Ms Lillicrap.
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Detached dwelling approvals soar in WA followed by Victoria, Queensland and NSW

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After hitting the bottom of the market during 2020, REIWA’s 2021 outlook indicates the Western Australian property market should experience steady growth in both the rental and sales market - something not seen since the strong conditions in 2013.
REIWA President Damian Collins said 2020 has been an unusual year for property, however despite the lull experienced during the start of the COVID-19 pandemic, WA is showing extremely positive signs.
Perth sales market
“Sales activity in Perth at the start of the year was sitting at approximately 2,900 transactions per month followed by an uptick where we are now seeing nearly 4,200 transactions,” Mr Collins said.
“Listings for sale have reached a 13- year low with just over 10,000 listings for sale on reiwa.com, putting upwards pressure on prices.”
Agents on the ground have reported that recently it is not uncommon for sellers to be receiving multiple offers, including being offered thousands more than the advertised price, something which has not been seen since 2013.
“With record low interest rates looking like they will be around for a while, many buyers are finding it cheaper to buy than rent. This is one of the reasons why we can expect sales activity in 2021 to continue gaining momentum,” Mr Collins said.
“In 2020, Perth was the lowest median house value of any capital city in Australia and with the increase in population growth due to people returning to WA from overseas and interstate, this could change in 2021.
“While house prices were largely stable over the last 12 months, it is expected that prices will increase between six and 10 per cent over the next 12 months.”
Perth rental market
After an unexpected 2020, Perth’s rental market has reached crisis levels with the vacancy rate reducing to below one per cent due to the flow on effects of COVID-19.
“Population growth increased 1.5 per cent during the 12 months to March 2020 and with more than 1,000 international arrivals expected per week, plus the domestic borders opening, the rental market could get more competitive for renters at the start of the year before it gets any better due to the low levels of available rental properties,” Mr Collins said.
The limited stock of rentals available has resulted in an upward pressure on rents with the median rent increasing from $350 to currently sit at $380 per week in the last few months, which is an 8.5 per cent increase.
“We can expect rents to grow an additional 10 to 15 per cent throughout 2021, however even with this increase, WA is still the most affordable capital city to rent in across all Australian states and territories” Mr Collins said.
The positive outlook for the Perth rental market, will hopefully attract an increase in investors looking to take advantage of the favourable market conditions. This will help boost the available supply of rental properties thereby keeping rent increases to reasonable levels.
Regional WA
REIWA expects the overall market conditions to improve in regional WA during 2021 as a direct result of population growth and change in lifestyle preference due to the COVID-19 pandemic and general market conditions.
Mr Collins said we have already seen significant improvements in Karratha, Port Hedland and Kalgoorlie Boulder during the latter half of 2020 with increased rental demand and sales activity.
“Increases in certain mining areas are due to companies moving their staff closer to the mining sites to live while the borders are closed. While this has put upward pressure on the rental and sales market, other regional centres are also experiencing lowered vacancy rates, limited rental stock and an increase in median rents,” Mr Collins said.
According to reiwa.com data, at the latter end of 2020, Albany’s vacancy rate dropped from 0.9 per cent to 0.4 per cent, Bunbury was down from 3.1 per cent to 0.7 per cent and Geraldton was 5.1 per cent to now sit at 1.5 per cent.
“While decreases in rental stock can be explained by higher population growth and low investor activity, it will be interesting to see how working from home impacts lifestyle choices and if we see an increase in demand for regional properties in 2021 due to people opting for an alternative lifestyle while working from home,” Mr Collins said.
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