Sherpa Property Group has completed its luxury&nbsp;Mermaid Beach&nbsp;apartment development, Perspective on Albatross.

<a href="https://www.urban.com.au/buildings/perspective-on-albatross-72-74-albatross-avenue-mermaid-beach-qld-4218">Perspective on Albatross</a>, which comprises eight four-bedroom, three-bathroom apartments, is now ready for occupancy with only one ground-floor residence still available for purchase.

[smartcode_project:default project_id=111484 project_image_fid=213896]

The remaining unit features an expansive outdoor terrace upgraded with a private spa, sauna, wine bar, and two fireplaces. It also includes a double lock-up garage with additional storage space.

Designed by award-winning architects <a href="https://www.urban.com.au/architects/hal-architects">HAL</a> and built by <a href="https://www.urban.com.au/builders/5point-projects">5Point Projects</a>, Perspective on Albatross features sculptural Mediterranean minimalism and a natural colour palette to create a timeless design.

[smartcode_project:default project_id=111484 project_image_fid=230561]

<a href="https://www.urban.com.au/developers/sherpa-property-group">Sherpa Property Group</a>&nbsp;Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>, during a time when available stock is at an all-time low.”

Perspective on Albatross is situated just 160 metres from the beach, offering a prime location in <a href="https://www.urban.com.au/developments/mermaid-beach-qld">Mermaid Beach</a>.&nbsp;

Sherpa Property Group Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers

Urban Editorial

Sherpa completes Perspective on Albatross, Mermaid Beach apartments

Moonee Ponds is one of Melbourne's most walkable neighbourhoods.

There are significant amenities in the heart of the suburb, which include transport, retail, cafes, dining,&nbsp; and the renowned Moonee Valley Racecourse just a short walk from the village.

<a href="https://www.urban.com.au/developers/giancorp-property-group">Giancorp Property Group</a>&nbsp;were well aware of the walkability of the area when they secured a prime site at 6-14 Young Street where they've recently completed <a href="https://www.urban.com.au/buildings/penny-lane-moonee-ponds-6-14-young-street-moonee-ponds">Penny Lane</a>.

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268942]

A three-minute walk down Young Street is&nbsp;the closest Woolworths, next door to Moonee Ponds Central that homes an ALDI, Anytime Fitness, Subway and several other hospitality venues.

Puckle St is just 200 metres away, with more cuisine restaurants and cafes reflective of Melbourne's famed laneway culture. Just off Puckle Street is the Moonee Ponds Station, an eight-minute walk from Penny Lane.

At the heart of Moonee Ponds is the newly established Palace Cinemas complex, boasting state-of-the-art facilities that promise an immersive cinematic experience.&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268934]

Ideally located at the heart of the city’s iconic racing district, Penny Lane is located a nine-minute walk from Moonee Valley Racecourse, the home of one Australia’s most prestigious horse race, the W.S. Cox Plate. The Melbourne Cup Carnival, held at Flemington Racecourse, is also within close reach, highlighting the area's vibrant sporting culture.

Just 500 metres away from Penny Lane and the bustle of <a href="https://www.urban.com.au/developments/moonee-ponds-vic">Moonee Ponds</a> is Queens Park – Moonee Valley’s oldest and finest park, with a lake, a pool, a cottage café, and expansive exotic gardens.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268938]

Families will also enjoy the convenience of primary and secondary schools within 900 metres from Penny Lane, starting with Ascot Vale Primary School just 400 metres from home, St Monica's Primary School, Moonee Ponds Primary School, Lowther Hall Anglican Grammar School, and St Columba's College.

Designed by <a href="https://www.urban.com.au/architects/clarkehopkinsclarke">Clarke Hopkins Clarke Architects</a>, Penny Lane comprises a total of 109 ready-to-move-in apartments, each offering generous balconies or terraces. It is also the focus on longevity, spatial planning, and environmental credentials that sets Penny Lane apart.

[smartcode_project_cta:default project_id=1676]

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep

Why Penny Lane apartments secured a 99 Walk Score in the heart of Moonee Ponds

Buyers who purchase an apartment in Mulpha’s zero carbon&nbsp;precinct, Norwest Quarter in Sydney's Hills District, may qualify for a green home loan, rewarding them with lower interest rates on their mortgage and higher loan-to-value ratios (LVR) because of the development’s high sustainability credentials.&nbsp;

Stage 1 of <a href="https://www.urban.com.au/new-apartments/norwest-quarter-stage-1-40-solent-circuit-norwest">Norwest Quarter</a> will deliver 181 net zero-ready apartments that consume 50 per cent less electricity from the grid and are powered by 100 per cent renewable energy with an all-electric design.

Norwest Quarter’s apartments have achieved a NatHERS rating of 8.1, putting them in the top 10 per cent of NSW and well above the Hills average of 6.6.

[smartcode_project:default project_id=103264 project_image_fid=196016]

Norwest Quarter is one of Australia’s first urban masterplan developments to deliver full-cycle sustainable design principles from conception through to its construction and long-term performance.

Several lenders offer green home loans to borrowers who buy a property that has sustainable and energy-efficient credentials that satisfy the lender’s sustainability requirements.

Norwest Quarter’s ambitious sustainability measures exceed the standards set out in the new Sustainable Building State Environmental Planning Policy (SEPP), enacted in October 2023. &nbsp;

The new SEPP requires new builds to implement measures to minimise the consumption of energy and potable water, reduce greenhouse gas emissions from energy use, monitor the embodied emissions of building materials, and deliver buildings that are comfortable in summer and winter.

The policy is the next step in a push toward Net Zero emissions from buildings by 2050. The new SEPP will increase the building sustainability index (BASIX) energy efficiency standards and will include an increase in the required energy rating for new homes and apartments to a minimum of 7 Stars under the Nationwide House Energy Rating Scheme (NatHERS).

[smartcode_project:default project_id=103264 project_image_fid=196018]

<a href="https://www.urban.com.au/developers/mulpha">Mulpha</a> Head of Developments, Tim Spencer, said Norwest Quarter will be one of the most impressive precincts in Australia in terms of sustainable practices, initiatives, and design considerations.

“Our off the plan buyers in Norwest Quarter can be confident that we are committed to delivering quality apartment buildings that aim to exceed the new SEPPs code requirements," Spencer says.

“As well as making a real contribution to reducing their carbon footprint, buyers will benefit from reduced energy bills and potentially lower loan rates while also enjoying healthier buildings, better air quality and greater access to nature.

“An added benefit is that the value of your apartment will increase with any energy rating increase, according to Australia’s national science agency CSIRO.”

[smartcode_project:default project_id=103264 project_image_fid=204666]

Auxiliary heating and cooling, which typically accounts for around 40% of energy use in the average Australian home, is effectively reduced through architectural passive design. Norwest Quarter incorporates smart passive design initiatives including high-performance glazing and insulation, the use of light-coloured materials, and building orientation and facades that invite winter sun to penetrate whilst blocking summer sun.&nbsp;

The Norwest Quarter environment has also been designed to minimise the urban heat island effect through substantial replanting of the natural landscape. &nbsp;Other sustainable community initiatives aim to promote nature and biodiversity of local flora and fauna, including communal gardens, productive beehives for enhanced pollination, worm farms, composting and natural landscapes.

Apartment buildings in the Norwest Quarter will feature rooftop solar panels and high-performance, centralised air-conditioning. Apartments will have high-efficiency lighting and appliances, induction cooktops, and electric hot water.&nbsp;

[smartcode_project:default project_id=103264 project_image_fid=196011]

When complete, the Norwest Quarter masterplan will transform over 3.8 hectares of land into a vibrant village for over 2,000 residents who will live amongst 26,000 sqm of green open space. Encompassed within the landscape will be nine residential towers containing 864 apartments, and up to 6,000m2 of space provided for cafes, restaurants, neighbourhood shops and childcare facilities.&nbsp;

Norwest Quarter is located within 400 metres within walking distance of the Norwest Metro Station and the emerging Norwest town centre as well as extensive parklands, pathways and cycleways.

Mulpha’s ambitious new sustainable residential development is being supported by an $80 million green loan from the CEFC and an $80 million green loan from ANZ to cut energy costs by as much as 50 per cent, demonstrating how energy-efficient homes can contribute to our net zero emissions future.&nbsp;

[smartcode_project_cta:default project_id=103264]

Norwest Quarter is one of Australia’s first urban masterplan developments to deliver full-cycle sustainable design principles from conception through to its construction and long-term performance

Discounted green home loans on offer at Mulpha's zero carbon Norwest Quarter

It was a strong April for new apartment developments launching in Melbourne, with buyers offered up six new developments to talk about.

It's still far away from what's required, with both building approvals and completions at record lows, at a time when Melbourne is the fastest-growing city in terms of population.

The last update from the ABS saw Melbourne's population grow 167,500 people in 2022-23, above Sydney's 146,700.

There continues to be a large imbalance between new apartment developments being submitted, approved, and built, against the thousands heading to Melbourne to call it home. The demand is coming to the <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne off the plan apartment market</a>, and supply isn't.

We've wrapped up the six apartment developments that launched across Melbourne in April.

<h2>Project: Drummond House</h2>

<h3>Address: 482-492 Drummond Street, Carlton VIC 3053</h3>

<h3>Developer:&nbsp;Bensons Property</h3>

Longtime&nbsp;Melbourne&nbsp;developer&nbsp;<a href="https://www.urban.com.au/developers/bensons-property-group" target="">Bensons</a><a href="https://www.urban.com.au/developers/bensons-property-group">&nbsp;Property</a> has lifted the lid on their new&nbsp;<a href="https://www.urban.com.au/developments/carlton-vic">Carlton apartment&nbsp;development</a>, Drummond House.

<a href="https://www.urban.com.au/new-apartments/drummond-house-482-492-drummond-street-carlton">Drummond House</a>, located in the heart of Carlton and on the fringe of Princes Park, has been designed by&nbsp;renowned architecture firm&nbsp;<a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a>&nbsp;and is the only fully electric building in Carlton.

It will&nbsp;rise 13 levels and offer a mix of two, three and four-bedroom apartments with interiors by&nbsp;<a href="https://www.urban.com.au/interior-designers/sora-interior-architecture-design">SORA Interior Architects</a>.

<img alt="Launch Alert: Bensons reveal new Carlton apartment development, Drummond House" 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/field/image/Drummond%20House.png?VersionId=3SexcQgzKki8AZtsdnUC9FGJTAymGnS." />

The amenities offered at Drummond House include a wellness centre featuring a gym, salt room, sauna, and ice bath, along with additional areas such as private dining spaces, a kids' play area, and a business centre.&nbsp;

<a href="https://www.urban.com.au/builders/balmain-co">Balmain &amp; Co</a>&nbsp;has been appointed builder for Drummond House.

<h2>Project: Sculpt Hawthorn</h2>

<h3>Address: 43 Riversdale Road, Hawthorn VIC 6103</h3>

<h3>Developer:&nbsp;Monolith Projects</h3>

The market for off the plan apartments is so tight in&nbsp;<a href="https://www.urban.com.au/developments/hawthorn-vic" target="">Hawthorn</a>, the upcoming launch of Sculpt by Monolith Projects will make it the only off the plan development on the market in the sought-after inner&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>&nbsp;suburb.

Sculpt, crafted in&nbsp;collaboration with acclaimed design teams&nbsp;<a href="https://www.urban.com.au/interior-designers/mim-design">Mim Design</a>,&nbsp;<a href="https://www.urban.com.au/architects/parallel-workshop-architecture">Parallel Workshop</a>, and&nbsp;<a href="https://www.urban.com.au/architects/jack-merlo">Jack Merlo</a>, comprises just 18 two, three, and four-bedroom apartments in a&nbsp;<a href="https://www.urban.com.au/new-apartments/sculpt-hawthorn-43-riversdale-road-hawthorn">low-rise building on Riversdale Road</a>.

[smartcode_project:default project_id=144271 project_image_fid=270343]

Crowning Sculpt is the penthouse residence featuring palatial open-plan living areas beneath high ceilings and a stately kitchen.

Underpinned by an innovative design vision, Sculpt is also thoughtfully designed with sustainability at the forefront, with plans for a 10 kW Solar PV system on the rooftop, provision for AC electric vehicle charging, a 27kL in-ground rainwater tank for stormwater collection, and a comprehensive waste management system.

<h2>Project: No.1 Camberwell</h2>

<h3>Address: 1 Cooloongatta Road, Camberwell VIC 3124</h3>

<h3>Developer:&nbsp;Burbank Urban</h3>

Builder developer <a href="https://www.urban.com.au/builders/burbank-urban">Burbank Urban</a> has launched a limited release of homes in its new townhouse development in the heart of <a href="https://www.urban.com.au/developments/camberwell-vic">Camberwell</a>.

<a href="https://www.urban.com.au/new-townhouses/no-1-camberwell-1-cooloongatta-road-camberwell">No.1 Camberwell</a> comprises 16 three and four-bedroom free-standing and semi-detached homes starting from $2.3 million.

<img alt="Burbank Urban launch No.1 Camberwell townhouses" 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/No.1%20Camberwell%20back.jpg?VersionId=SGlqEV0Ro2yGpAcEjPKPU_jT3xBPoZSU" />

Designed by <a href="https://www.urban.com.au/architects/genton">Genton</a>, each home at No.1 Camberwell showcases a rare proposition in a premium location - unique architectural style, premium finishes, and diverse floor plans.

More than half of the homes sit on large corner lots with spacious courtyards and multiple perspectives, while over half of the 5,000 sqm plus site at 1 Cooloongatta Road, just off Riversdale Road, is dedicated to greenery and open space.

<h2>Project: Napier 235</h2>

<h3>Address: 235 Napier Street, Fitzroy VIC 3065</h3>

<h3>Developer:&nbsp;Romano Property Group (RPG)</h3>

<a href="https://www.urban.com.au/developers/romano-property-group">Romano Property Group</a> has unveiled its latest project, the Napier 235 apartment development, situated in the heart of <a href="https://www.urban.com.au/developments/fitzroy-vic">Fitzroy</a>.&nbsp;

The fully integrated property developer led by Maurice Romani has launched <a href="https://www.urban.com.au/new-apartments/napier-235-235-napier-street-fitzroy">Napier 235</a>, a boutique project of just 14 two and three-bedroom apartments named after its ideal location at 235 Napier Street, near the Napier Hotel and Fitzroy's thriving hospitality scene.

<img alt="New Fitzroy apartment development, Napier 235, launches" 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/field/image/Napier%20235.jpg?VersionId=v9enxl9vGdz3Wwv35X76e6rcJ0LjVyIY" />

Designed by&nbsp;<a href="https://www.urban.com.au/architects/ewert-leaf">Ewert Leaf</a>, Napier 235 features sculptural geometric exteriors that blend with the lush green surroundings landscaped by&nbsp;<a href="https://www.urban.com.au/landscape-architect/florian-wild">Florian Wild</a>.&nbsp;

Napier 235 is recognised for its sustainability efforts, ranking in Victoria's top five per cent for sustainable developments as per Victorian Planning Policy benchmarks.

<h2>Project: Ancora at Collins Wharf</h2>

<h3>Address: 971 Collins Street, Docklands VIC 3008</h3>

<h3>Developer:&nbsp;Lendlease</h3>

Following the success of its most recent Collins Wharf apartment tower, <a href="https://www.urban.com.au/new-apartments/regatta-at-collins-wharf-docklands-951-collins-street-docklands">Regatta</a>, ASX-listed developer <a href="https://www.urban.com.au/developers/lendlease-development">Lendlease</a> has unveiled Ancora.

“<a href="https://www.urban.com.au/new-apartments/ancora-at-collins-wharf-971-collins-street-docklands">Ancora at Collins Wharf</a> is the next stage of our ongoing commitment to deliver more housing in prime locations in Melbourne, with the precinct stretching the city’s famed Collins Street further westwards to engage with the water, connecting its maritime past with the contemporary vibrancy of the city,” Daniel Dugina, Executive Director of Development at Lendlease, said.

<img alt="Lendlease unveil latest Collins Wharf apartment tower, Ancora" 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/Screen%20Shot%202024-04-30%20at%208.06.02%20pm_0.png?VersionId=GOqhtremg4Py0hZrXpGO6wTpLbPektmi" />

<a href="https://www.urban.com.au/architects/warren-and-mahoney">Warren and Mahoney</a> have been engaged again to design Ancora, a 28-level tower with 303 residences that offer uninterrupted views of either Victoria Harbour towards the city or the Yarra River across to Port Phillip Bay.

Ancora residents will enjoy a hotel-style lobby with concierge service, a private dining room to entertain guests, and the lush, landscaped surrounds of two rooftop terraces located at level four and level 16 with panoramic views, plus a winter garden.

Construction of Ancora is set to commence later this year and is anticipated to be completed in 2027.

<h2>Project: New Johnston</h2>

<h3>Address: 398 Johnston Street, Abbotsford VIC 3067</h3>

<h3>Developer:&nbsp;DCF Property</h3>

It's been four years since <a href="https://www.urban.com.au/developments/abbotsford-vic">Abbotsford</a>, in Melbourne's inner north-east, has seen a new apartment development launch.

Abbotsford's newest project, <a href="https://www.urban.com.au/new-apartments/new-johnston">New Johnston</a> by <a href="https://www.urban.com.au/developers/dcf-property">DCF Property</a>, sits at 398 Johnston, near Victoria Park Station and Victoria Park. It will comprise 46 one, two, and three-bedroom apartments across nine levels, on top of ground-level retail spaces.

[smartcode_project:default project_id=110322 project_image_fid=259891]

Designed by MA+CO Architects, New Johnston's architecture took inspiration from Abbotsford's industrial heritage, incorporating concrete, red brickwork, and metal detailing reminiscent of the area's historic warehouses.&nbsp;

With a WalkScore of 90, New Johnston's location offers residents easy access to a range of amenities, including the Yarra River, Victoria Park, and prestigious schools.

The demand is coming to the Melbourne off the plan apartment market, and supply isn't

Every new Melbourne apartment development launched in April

Residential construction work has remained stable across Brisbane.

The recently released RLB Crane Index® Q1 2024 shows a slight decline in residential crane numbers in the sky across Brisbane, down from 36 in Q3 2023 to 34 in Q1 2024.

Adding to the supply of new apartments in <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a> is&nbsp;<a href="https://www.urban.com.au/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a> by <a href="https://www.urban.com.au/developers/pikos-group">Pikos</a> and <a href="https://www.urban.com.au/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, both&nbsp;in <a href="https://www.urban.com.au/new-apartments/kangaroo-point-qld">Kangaroo Point</a>. They both saw cranes added to their prime sites in the affluent riverside suburb.

[smartcode_project:default project_id=90059 project_image_fid=218021]

The CBD and its surrounding area still have most of the city's cranes, accounting for 62 per cent.&nbsp;There were 15 cranes removed from projects in Brisbane, Kangaroo Point, <a href="https://www.urban.com.au/new-apartments/new-farm-qld">New Farm</a>, <a href="https://www.urban.com.au/new-apartments/south-brisbane-qld">South Brisbane</a>, <a href="https://www.urban.com.au/new-apartments/west-end-qld">West End</a>, and <a href="https://www.urban.com.au/new-apartments/woolloongabba-qld">Woolloongabba</a>.

The <a href="https://www.urban.com.au/new-apartments/queen-s-wharf-residences-23-margaret-street-brisbane">Queen’s Wharf</a> project, previously a major contributor to Brisbane's crane count, saw five cranes removed, leaving four left&nbsp;on site as the project approaches completion.

Activity in Brisbane’s east saw an increase of six cranes to bring the region’s total to seven cranes. This total equals the previous high count of seven cranes in Q1 2021. Only one was a build-to-sell residential project,&nbsp;<a href="https://www.urban.com.au/developers/gardner-vaughan-group">Gardner Vaughan's</a> <a href="https://www.urban.com.au/new-apartments/stones-corner-qld">Stones Corner</a> project <a href="https://www.urban.com.au/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Brisbane North saw a significant fall in residential crane numbers, down from 12 to six, as cranes were removed from the completed <a href="https://www.urban.com.au/new-apartments/canvas-bulimba-30-love-street-bulimba-qld-4171">Canvas Bulimba</a> by <a href="https://www.urban.com.au/developers/graya">Graya</a> and <a href="https://www.urban.com.au/buildings/bide-newstead-21-longland-street-newstead">Bide Newstead</a> by <a href="https://www.urban.com.au/developers/dibcorp-properties">Dibcorp</a>, as well as three from Mirvac's Quay tower in Newstead.

There were numerous cranes added to Brisbane West's residential count, with <a href="https://www.urban.com.au/developers/consolidated-properties">Consolidated Properties</a>' <a href="https://www.urban.com.au/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>&nbsp;in <a href="https://www.urban.com.au/new-apartments/toowong-qld">Toowong</a> adding a crane, as well as <a href="https://www.urban.com.au/new-apartments/the-audrey-109-clarence-road-indooroopilly">The Audrey</a> in <a href="https://www.urban.com.au/new-apartments/indooroopilly-qld">Indooroopilly</a>.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane.&nbsp;This proportion is lower than in <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a> and <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney</a>, where residential cranes represent 55 per cent and 64 per cent of all cranes, respectively.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane

Brisbane residential work remains stable: RLB Crane Index Brisbane Q1 2024 

Cranes working on residential developments in Melbourne grew in the first quarter of 2024.

The latest edition of the Q1 2024 RLB Crane Index® reveals a measured uptick in crane activity across <a href="https://www.urban.com.au/developments/melbourne-vic">Melbourne</a>, with a 14 per cent rise in residential crane numbers compared to Q3 2023. The total number of residential cranes jumped from 94 to 107.

While heading in the right direction, only two of Melbourne's six main regions recorded gains in crane numbers. Melbourne's north is booming, with 26 cranes added, while there were five added to Melbourne's east.

There's been a jump in large development sites in Melbourne's north which command multiple cranes.&nbsp;

There are now&nbsp;three cranes at HOME in Alphington, two each at Glenvill's&nbsp;<a href="https://www.urban.com.au/new-apartments/yarrabend-alphington-57-parkview-road-alphington">YarraBend</a> in <a href="https://www.urban.com.au/developments/alphington-vic">Alphington</a>, Ballarat Street in Brunswick, <a href="https://www.urban.com.au/new-apartments/pace-3058-coburg-9s-wardens-walk-coburg">PACE 3058</a> in <a href="https://www.urban.com.au/developments/coburg-vic">Coburg</a> and Hamton's Moonee Valley Park in <a href="https://www.urban.com.au/developments/moonee-ponds-vic">Moonee Ponds</a>.

[smartcode_project:default project_id=24822 project_image_fid=254449]

The residential sector continues to dominate crane activity in Melbourne, accounting for 55 per cent of all cranes in the city. While an uptick quarter on quarter, the total number of cranes is still five per cent lower than it was this time last year.

Most residential sub-sectors saw lower activity in 2023, with apartments down by 10.8 per cent and new houses down slightly by 0.4 per cent.

A total of 55 cranes were added to residential sites over the past six months, and 42 cranes were removed.

Despite being two of Australia's most populated cities, Sydney has 196 more cranes in the sky than <a href="https://www.urban.com.au/new-apartments/melbourne-vic">Melbourne</a>, which is contributing to the huge undersupply of new property in the Victorian capital.

Inner Melbourne recorded the same number of cranes as Q3 2023.

A total of 38 new cranes were added and the same number of cranes were removed. The residential, commercial and civil sectors each have more than 10 cranes. The sites with the most cranes in inner Melbourne are <a href="https://www.urban.com.au/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers</a> by <a href="https://www.urban.com.au/new-apartments/docklands-vic">Riverlee</a> in <a href="https://www.urban.com.au/developers/riverlee">Docklands</a>, Melbourne Quarter Tower by Lendlease and Local: Kensington.

Despite being two of Australia's most populated cities, Sydney has 196 more cranes in the sky than Melbourne, which is contributing to the huge undersupply of new property in the Victorian capital

Residential crane numbers paint bleak supply picture for Melbourne apartment supply: RLB Crane Index Melbourne Q1 2024

Sydney's residential tower activity remained stable in the first quarter of 2024.

According to the latest RLB Crane Index® for Q1 2024, there were seven fewer residential cranes compared to Q3 2023. There are 251 cranes active across Sydney currently, which is 64 per cent of Sydney's total crane count.

The index, which tracks crane counts as a proxy for construction activity, indicates that New South Wales continues to be a powerhouse in construction, accounting for nearly half of all cranes in the country.

Nationally, the crane count stands at 869, marking the second-highest count in the history of the index. Of these, 540 cranes are engaged in residential projects.

Among the residential projects contributing to Sydney's crane count are <a href="https://www.urban.com.au/new-apartments/viciniti-2-10-cottonwood-crescent-macquarie-park">Viciniti</a> and <a href="https://www.urban.com.au/buildings/destination-114-talavera-road-macquarie-park">Destination</a> in <a href="https://www.urban.com.au/developments/macquarie-park-nsw">Macquarie Park</a> with five cranes, and Deicorp's&nbsp;<a href="https://www.urban.com.au/new-apartments/tallawong-village-rouse-hill-2-12-1-15-conferta-avenue-rouse-hill">Tallawong Village</a> with four cranes.

[smartcode_project:default project_id=106821 project_image_fid=215904]

Certain regions across Sydney saw&nbsp;increased crane activity quarter on quarter. The eastern and northern parts of the city experienced a rise in the number of cranes, while the western region recorded a decrease in crane activity.

Inner Sydney (CBD and surrounds) saw the addition of 37 cranes, against the removal of 41 cranes. This brings the total number of cranes to 86 cranes.

There were new cranes added to ICD's <a href="https://www.urban.com.au/new-apartments/city-tattersalls-club-194-204-pitt-street-sydney">City Tattersall Club redevelopment</a> on Pitt Street, as well as Annandale's <a href="https://www.urban.com.au/new-apartments/abbies-lane-8-mccarthy-lane-annandale">Abbie's Lane</a> by <a href="https://www.urban.com.au/developers/ceerose">Ceerose</a>. One Circular Quay saw a crane added, as did Greenland's Park Sydney.

Despite being two of Australia's most populated cities, Sydney has 196 more cranes in the sky than <a href="https://www.urban.com.au/new-apartments/melbourne-vic">Melbourne</a>, which is contributing to the huge undersupply of new property in the Victorian capital.

Among the residential projects contributing to Sydney's crane count are Viciniti and Destination in Macquarie Park with five cranes, and Deicorp's Tallawong Village with four cranes

Sydney's residential crane activity remains strong: RLB Crane Index Q1 2024

Demolition has started on DD Living's prime North Burleigh site that will pave the way for their luxury $510 million apartment development, Burly Residences.

The two old&nbsp;apartment buildings on the 2024 sqm double site at 264-266 Esplanade will make way the for 25-level glass tower.

<a href="https://www.urban.com.au/new-apartments/burly-residences-264-266-esplanade-north-burleigh">Burly Residences</a>&nbsp;will have 101 apartments starting from $2.2 million for the two-bedroom apartments. The private three-bedroom residences start from $8.8 million, while the single-level, four-bedroom penthouses are priced from $13,608,000.&nbsp;

There are two levels of resort-style amenities including several swimming pools, casual and formal dining, kitchen, bar, private office space, an executive lounge and wellness centre with a gym, steam room, sauna and designated space for yoga, Pilates and Peloton workouts.

[smartcode_project:default project_id=134791 project_image_fid=220106]

DD Living Managing Director David Devine says Burly has been designed in response to the premium beachfront location

“When we secured two neighbouring sites with beach frontage on The Esplanade in North Burleigh, it was apparent to us that Burly required an impeccable landmark design, and we are pleased with the result from <a href="https://www.urban.com.au/architects/koichi-takada-architects">Koichi Takada</a>,"&nbsp;Devine said.

“I am thrilled to see progress on site and eagerly await the milestones as it is transformed into Burly Residences over the coming years. Burly has been designed in response to the premium beachfront location - a coastal glamour that is carried through to the interiors with the very best elements of beach living blended into cosmopolitan sophistication and elegance.”&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220104]

&nbsp;

The sales of Burly Residences are being managed by <a href="https://www.urban.com.au/project-marketer/total-property-group">TOTAL Property Group</a>, who is fielding enquiry from both Australian and international buyers.

The majority of purchasers have come from Queensland (50%), of which half are Gold Coast locals.

Victorian buyers have purchased 23 per cent of apartments sold at Burly, 13 per cent of buyers are from New South Wales, three per cent are from ACT, and 10 per cent have come from overseas.&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220248]

“Burly Residences offers a level of amenity and apartment quality that is unmatched on the Gold Coast, and savvy buyers are recognising this as a unique opportunity in the sought-after North Burleigh location,” TOTAL Property Group Managing Director Adrian Parsons said.

“The apartments and their residential amenity are beyond anything else currently available on the market in the quieter beachfront area of North Burleigh and prestige property purchasers are responding.

“The six-star amenities DD Living is planning for this residential building are equivalent to a six-star resort hotel in the world’s most premier locations. The amenities and facilities are worldclass offering unparalleled lifestyle for the sophisticated purchaser."

The apartments, with&nbsp;interiors by&nbsp;<a href="https://www.urban.com.au/interior-designers/mim-design">Mim Design</a>, are expected to complete in 2027.

[smartcode_project_cta:default project_id=134791]

The apartments, with interiors by Mim Design, are expected to complete in 2027

Demolition paves the way for DD Living's Burly Residences in North Burleigh

Developer Landmark is continuing to push on with its Macquarie Park mega site it bought from Landcom four years ago.

Following the launch of its dual-tower apartment development <a href="https://www.urban.com.au/new-apartments/the-macquarie-collection-5-halifax-street-macquarie-park">The Macquarie Collection</a>, <a href="https://www.urban.com.au/developers/landmark-group">Landmark</a> has now submitted plans for the next section of the&nbsp;18,463 sqm, four-lot site it acquired from Landcom in 2020.

They've submitted plans to the Ryde City Council for 6,276 sqm of the site&nbsp;at <a href="https://www.urban.com.au/new-apartments/3-halifax-street-macquarie-park">3 Halifax Street </a>where they're proposing a 75-metre, 24-level tower with 234 apartments.

<img alt="Landmark" data-entity-type="file" data-entity-uuid="7b0a92d9-e72a-4765-8d19-dbcaf5c8a253" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%207.12.27%20pm.png?VersionId=oKnQ.IaGinDZcV1raFLsErmnsm020bcW" />

Fjcstudio, who designed the tower, said their&nbsp;concept is for a "different type of vertical living."

"Not a conventional tower apartment tower of dark glass but a unique form of vertical living that belongs, drawing on the vernacular and materiality of suburban living, and attracts residents who are drawn to the great beauty of this bushland suburb close to urban and village centre,"&nbsp;Fjcstudio wrote in their Design Report.

"Our proposal is for slim figural towers in earthy clay and brick tones suspended above the existing landscape setting. It is a concept drawn from the landscape and bushland dwelling heritage of North Ryde and Northern Sydney, abstracted and interpreted into human-scaled groupings of vertical community dwelling."

They said the heart of the design is&nbsp;an approach to create homes where healthy ecological living and a connection to the environment and landscape are intertwined.

"The strong connection with local nature provides exceptional environments that embrace and enrich health and wellness. Our sustainability objective is to consider a building which is resilient and healthy and will be adaptable to the consequences of the changing climate.

Two main communal areas are offered, the entry garden and arrival space and the 445 sqm podium rooftop garden that will be extensively landscaped.

<img alt="Landmark Macquarie" data-entity-type="file" data-entity-uuid="f1c5393f-d892-4593-b1b2-8b631e0b2b7b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%207.12.22%20pm.png?VersionId=R89CRHiWmQR.aFT43cyWH5OXpQNM4rr9" />

At the time of the purchase of the 1.8-hectare site, Landmark Group&nbsp;Head of Development, Joseph Scuderi, said they were attracted to it because they saw it as a fantastic opportunity to be able to provide the market with a high-quality residential product, at an affordable price point, in an area that will require greater supply.

“Landmark Group will be able to leverage off the many improvements to the Lachlan’s Line precinct already delivered by Landcom, including all lead infrastructure and services, high-quality public domain spaces, completed regional road infrastructure and the Lachlan’s Line ‘helix’ pedestrian and cycle bridge,” Scuderi said.

“The precinct will become a vibrant community close to the city, providing jobs and sought-after amenities.

“<a href="https://www.urban.com.au/new-apartments/macquarie-park-nsw">Macquarie Park</a> is one of the most accessible and sought-after residential development locations in Sydney, being close to major amenities and we are proud to be involved in this project.”

Fjcstudio, who designed the tower, said their concept is for a "different type of vertical living."

Joel Robinson

First look exclusive: Landmark file plans for Lachlan's Line, Macquarie Park apartments

For centuries, Australia's oldest prisons have taken up prime land across the country.

It's the case in Sydney's Eastern Suburbs where Long Bay jail occupies 32 hectares of prime eastern suburbs real estate that has long been touted as a potential to somewhat curb some of Sydney's crippling housing supply issue.

In Brisbane, there's the now-closed H.M. Prison Brisbane, more commonly known as Boggo Road Gaol, one of the most notorious prisons in the country before it closed its doors in the 1980s. That still sits on a prime near 10-hectare block of land in Dutton Park, just south of the city and on the fringe of Woolloongabba, the focal point of the 2032 Brisbane Summer Olympics.

The Melbourne Assessment Prison is located in one of the most sought-after and busy spots in the heart of the Victorian capital, straddling both Spencer and La Trobe Streets in the heart of the city.

These prisons sit on blocks of land that will likely never be traded, which is why when the HMAS Pentridge Prison in Coburg shut down operations in the late 1990s, astute developers swooped on the 6.7-hectare parcel which is located near the centre of <a href="https://www.urban.com.au/developments/coburg-vic">Coburg</a>.

One of those developers was Pace, who secured a site that was formerly the exercise yard of the prison. The site Pace acquired left them with a relatively blank canvas compared to some other developers who bought parts of the prison which had to be retained as part of the redevelopment.

[smartcode_project:default project_id=24822 project_image_fid=254327]

While not having to follow strict heritage rules, architecture firm <a href="https://www.urban.com.au/architects/sjb-architects">SJB Architects</a> still looked to the old prison for inspiration.

"You see the old bluestone walls and you want to embrace its history," former SJB Director Tristan Wong said.

"It's so important, and it is a special part of Coburg's history. Those memories are still there and very visible, but there's now just this much more, community-focused, locally-inspired project. it's like it's had this rebirth or regeneration of its former youth."

[smartcode_project:default project_id=24822 project_image_fid=254339]

Pace will soon be welcoming residents to&nbsp;<a href="https://www.urban.com.au/new-apartments/pace-3058-coburg-9s-wardens-walk-coburg">Pace 3058</a>, a collection of 311 apartments and townhouses&nbsp;that are slated for completion in the coming months.

The location has been a major driver in interest given it's just 13-minute walk from Coburg Station and the town centre.

Nestled behind Sydney Road, Pace 3058 is surrounded by expansive parklands, bike trails, and a diverse selection of restaurants and cafes.

The nearest park,&nbsp;Coburg Lake Reserve, is&nbsp;only an eight-minute stroll from Pace 3058, offering picnic areas, playgrounds, barbecue facilities, and walking and bike paths surrounding the lake.&nbsp;There is also a Palace Cinemas within a five-minute walk of Pace 3058.

[smartcode_project:default project_id=24822 project_image_fid=254321]

Jackson Reserve, a busier recreational park, featuring&nbsp;an off-leash dog area,&nbsp;a playground, an adjoining basketball stadium, and a track and field oval&nbsp;is just a quick five-minute drive away.

Several retail and dining options also surround the development, starting with The Boot Factory across the street, The Glass Den towards the rear of the property, and O’Hey Cafe an eight-minute walk away.&nbsp;

Moreover, residents are only a three-minute walk to Coburg Farmers’ Market, five minutes to Ritchies IGA Fine Food and Wine Merchants, and just within a kilometre from the closest Woolworths and Coles.

[smartcode_project:default project_id=24822 project_image_fid=254326]

Completing the ideal location checklist for family buyers, Pace 3058 not only offers proximity to parks, playgrounds, retail, and dining options but also sits just 400 metres from Coburg Primary School and 850 metres from Coburg High School.

Health services are also nearby, with Merri Health only an eight-minute walk, and Harding Street Medical Centre, a five-minute drive away from Pace 3058.

Prospective buyers can choose from one, two, and three-bedroom DDA-compliant apartments, as well as double-storey three-bedroom townhouses.

[smartcode_project_cta:default project_id=24822]

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