When Sarah and her family decided to invest in Melbou​rne property, OSK Pr​operty’s <a>Melb​ourne Square</a> stood out almost immediately.

Based overseas, Sarah was looking for a long-term foothold in the city while also supporting her child studying in Melbourne.

“After looking at rental costs versus buying, it became clear that purchasing was a smarter financial decision,” Sarah says. “We also saw strong investment potential in the <a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a> area.”

Sarah explored a number of new projects before ultimately choosing <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank-vic-3006">Melbourne Square</a>. From the first viewing to making the decision, the process took just three days.

[smartcode_project:default project_id=2929 project_image_fid=201008]

“The location, the wide views, and the resident facilities really set it apart,” she says.

“The outdoor pools on Level 8 are a highlight, and the sky pool and spa on Level 54 are incredible,” Sarah notes. “As a pianist, I also really appreciate the grand piano in the music room - it’s quite unique.”

[smartcode_project:default project_id=2929 project_image_fid=201020]

“There’s a lot of variety [in the amenity], and everything feels thoughtfully designed. We’ve been able to host friends in the private dining rooms and enjoy movie nights - it really feels like an extension of our home.”

Residents have access to private dining rooms, a lounge, a cinema, a sun terrace, a music room, ga ym and yoga studio, gardens, a golf simulator, and more.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=201015]

Day-to-day convenience was also important.

“Having a full-line Woolworths right downstairs is a huge benefit, and the Pacific Asian grocery store makes picking up snacks and ingredients easy,” Sarah says.

A double-storey Woolworths, a Pacific Asian grocery, and an on-site childcare centre further enhance daily convenience, supporting Melbourne Square’s position as a self-contained vertical community.

[smartcode_project:default project_id=2929 project_image_fid=201006]

While the amenity and doorstep were the key drivers in the purchase, the Southbank location sealed the deal.

“We liked that it feels more spacious and quiet compared to the city centre, yet still offers great public transport links,” she says.

Located at 93–119 Kavanagh Street, Melbourne Square has reshaped Southbank with one of its largest mixed-use precincts. Designed by <a href="https://www.urban.com.au/architects/cox-architecture">Cox Architecture</a> and developed by <a href="https://www.urban.com.au/developers/osk-property">OSK Property</a>, the project delivers extensive resident amenities across 14,000 sqm of landscaped public park and green spaces.

A limited collection of completed apartments remains, ready for immediate move-in.

[smartcode_project_cta:default project_id=2929]

While the amenity and doorstep were the key drivers in the purchase, the Southbank location sealed the deal

Joel Robinson

Overseas buyer shares why she chose Melbourne Square in Southbank: Urban Buyer Q&A

<a href="https://www.urban.com.au/buildings/the-collection-alphington-626-heidelberg-road-alphington-vic-3078">The Collection</a>&nbsp;in Alphington&nbsp;is now offering a Zero Stamp Duty incentive across all two and three-bedroom apartments until the end of July.

Developed by <a href="https://www.urban.com.au/developers/caydon-property">Caydon</a> and located 6.5 kilometres northeast of Melbourne’s CBD, the completed project - formerly known as Alphington Portfolio - comprises a mix of apartments, terrace homes, and dual-level skyhomes on Heidelberg Road.

Buyers can save up to $65,000 on two-bedroom apartments and up to $110,000 on three-bedders as part of the limited-time offer

[smartcode_project:default project_id=24441 project_image_fid=255884]

All apartments at The Collection are designed with open-plan living spaces that connect to private balconies or winter gardens, maximising indoor-outdoor flow. Interiors feature timber flooring, generous built-in storage, and floor-to-ceiling windows that draw in natural light.&nbsp;

Kitchens are full-sized, featuring stone benchtops, timber accents, European appliances, and a walk-in pantry, while bathrooms are appointed with stone surfaces, premium tapware, and full-height tiling. Bedrooms are fitted with plush carpet, built-in wardrobes, and blockout blinds for comfort and privacy.

Skyhomes offer upgraded kitchens that feature a large breakfast island, walk-in pantries, dry bars with integrated tech drawers, wine fridges, and Smeg appliances. The main bedroom suite includes a generous walk-in wardrobe and a private ensuite with a freestanding bath, double vanity, and oversized shower. Secondary bedrooms are serviced by a central bathroom that continues the same premium material palette and fixtures.

[smartcode_project:default project_id=24441 project_image_fid=255892]

Residents have access to more than three-quarters of an acre of landscaped communal space, with amenities spanning both rooftop and podium levels. The rooftop features an infinity-edge pool with a glass wall framing full city views, alongside private bathing boxes, a sunset lounge, and a moonlight cinema for evening relaxation.&nbsp;

The Level 4 podium includes a fully equipped gym and yoga lawn, a kitchen garden, six BBQ stations, and a private park with a dog run. Residents also have access to a shared kitchen and dining room, a sky lounge with a pool table, table tennis and a large-screen TV, and two hotel-style guest suites for visiting friends or family.&nbsp;

Additional features include secure undercover parking and storage, a bike repair and storage room, and concierge service.

[smartcode_project:default project_id=24441 project_image_fid=255914]

The Collection is 600 metres from <a href="https://www.urban.com.au/developments/alphington-vic-3078">Alphington</a>’s retail precinct and positioned between Alphington Station and Darebin Parklands. Alphington Primary and Alphington Grammar are both nearby, ideal for families looking for a foothold in the suburb.

Alphington has seen a shift in apartment supply, with more than 75 per cent of the suburb’s existing housing stock made up of detached homes or townhouses. The Collection is one of the few higher-density developments completed in the last few years.

Prices start from just over $800,000, with all two and three-bedroom apartments eligible for the Zero Stamp Duty offer until July 31.

[smartcode_project_cta:default project_id=24441]

Zero stamp duty available at The Collection in Alphington

Consolidated Properties Group (CPG) has agreed to acquire the last remaining absolute riverfront development site in Brisbane’s blue-chip Newstead, unveiling plans to develop a landmark inner northern residential project that CPG says will be a signature building for the river city.

CPG has paid $64.5 million for the 9,368 sqm site at 47 Skyring Terrace in an off-market deal from&nbsp;Mirvac. The site is situated just 1.5 kilometres from the CBD and within walking distance to some of Brisbane’s best-known dining and retail destinations, including Gasworks and James Street.

The site features 47 metres of direct river frontage within one of the city’s most tightly held precincts. Zoned for Mixed Use, it has potential for up to 42,000sqm total floor space and a maximum building height of 25 storeys under the Brisbane City Plan.

The acquisition follows the success of CPG’s $450 million absolute riverfront Monarch Residences apartment project currently nearing completion and sellout at Toowong in Brisbane’s inner west.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location.

“Sites like this are as rare as it gets,” O’Rorke said.

“We thought Monarch might be a one-off, but at Newstead we’ve been fortunate to have the opportunity to create another iconic residential address right in the heart of the city on the Brisbane River – this will be something elevated in every sense, something truly special.”

CPG plans to lodge a development application (DA) later this year with multi-award-winning architects, Woods Bagot, who are already working on concept plans.

<img alt="CPG" data-entity-type="file" data-entity-uuid="adcd3c91-a0bb-46f8-b08e-623357e3f75c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%208.55.14%E2%80%AFAM.png?VersionId=FzhQQPi_onxhjFCo7u5kdX6O7KIDABTj" />

CPG Head of Residential, James MacGinley, says the development will include a mix of boutique riverfront villas and 2- and 3-bedroom apartments with spectacular north-east views up the river towards Hamilton Hill.

“This large riverfront site with a perfect north-east aspect is an architect’s dream. It is peerless and there is no better development site in Brisbane. We plan to do it justice and deliver a signature building for the city," MacGinley said.

Transacted off-market by Colliers Queensland Residential Directors Brendan Hogan and Troy Linnane, the purchase sees CPG again teaming up with its construction partner on Monarch Residences, Hutchinson Builders, to deliver the apartments. Colliers Queensland Residential Director Brendan Hogan said demand for prestige development opportunities in Brisbane was outpacing supply.

“Opportunities like this simply don’t come up anymore. This is the last of its kind on the Newstead waterfront and arguably the best-located residential site in the city,” Brendan Hogan said.

“We’re seeing exceptional demand in the premium apartment market, with ‘off-the-plan’ riverfront apartments achieving prices over $35,000/m2 of net (internal) saleable area.

“The surge in apartment prices is largely driven by the demand from owner-occupiers who are seeking premium and larger apartment stock, which has accounted for the majority of sales in the market over the past two years,” Brendan Hogan added.

The site acquisition reflects broader supply-side pressure in Brisbane’s residential pipeline.

Population forecasts show Brisbane will grow by more than 500,000 people during the next decade - faster than both Sydney and Melbourne - and inner-Brisbane is expected to face a shortfall of over 14,000 new apartments in the next four years alone, according to SQM Research.

“We know Brisbane is the nation’s fastest-growing city with unlimited potential and we’re building for that future,” O’Rorke added.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location

Consolidated Properties buys riverfront Newstead site from Mirvac

ASX-listed developer Lendlease has secured approval for their new Sydney apartment project, <a href="https://www.urban.com.au/new-apartments/one-darling-point-darling-point-road-edgecliff-nsw-2027">One Darling Point</a>.

The circa $500 million project, which will sit on the border of Darling Point and Edgecliff, will comprise 41 two-, three-, and four-bedroom apartments, each with views of the&nbsp;Sydney Harbour or eastern views stretching from Double Bay to Vaucluse.

The design, by Australian architecture studio Tzannes,&nbsp;is distinguished by a publicly accessible through-site link, which thoughtfully integrates and celebrates the existing heritage-listed Commonwealth Bank building from 1941. The ground floor will feature a curated selection of retail, commercial, and hospitality spaces, seamlessly activating the streetscape.

A four-bedroom penthouse will crown the 17-level building, complete&nbsp;with a rooftop pool and a private terrace.

The project has been assessed under the NSW Government’s recently established in-fill affordable housing scheme and incorporates 15 per cent floor space dedicated to affordable housing for key workers. As a result, the development will include 18 one-, two-, and three-bedroom apartments for essential services workers in the education, healthcare, childcare, social and emergency sectors.

One Darling Point is being delivered in partnership with Mitsubishi Estate Asia (MEA), the sixth time the duo have worked together following projects One Sydney Harbour, Sydney Place, Melbourne Quarter’s East Tower, and One Circular Quay currently under construction.

&nbsp;

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point.

"Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney.

“One Darling Point brings our renowned luxury residential experience to a prime location in Sydney’s East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &amp;CO.”

The joint venture partners bought the 1,748 sqm, 1 Darling Point Road site, last year from Anka Property Group, who after years of back and forth with the Woollahra Council, had secured an unprecedented uplift in height.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point

First look: Lendlease secures approval for One Darling Point

<a href="https://www.urban.com.au/developers/charter-hall">Charter Hall</a>’s near-$1 billion Hyde Park tower proposal has secured crucial support from the City of Sydney’s planning committee, marking another step forward in reshaping Elizabeth Street.

The mixed-use project at <a href="https://www.urban.com.au/new-apartments/201-elizabeth-street-sydney-nsw-2000">201 Elizabeth Street</a>, on the corner of Park Street and opposite Hyde Park, has been under the spotlight since plans were lodged in late 2024. Now under assessment by the NSW Department of Planning for final determination, the 55-storey scheme combines hotel and residential components in one of the CBD’s most high-profile corners.

Pending final approval, demolition can commence on the existing Pacific Power Building, a 38-level office block originally completed in 1978. The 3,900 sqm site connects directly to Museum Station via underground pedestrian links - a strong locational advantage for future residents and hotel guests alike.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/201%20-%20217%20Elizabeth%20Street%2C%20Sydney.png?VersionId=wxmccer91Ts7gSOKSUID_tbf1mCPjyrJ" />

The $925 million development will deliver 441 hotel rooms across levels 1 to 11, with apartments starting from level 12 upwards. Buyers will have access to a genuine mix of apartment configurations: 67 one-bedders - a relative rarity in new Sydney CBD stock - along with 123 two-bedroom, 58 three-bedroom, and 16 four-bedroom apartments, a total of&nbsp;264 units.

The design by FJC Studio, selected through a competitive design process, breaks up the tower into three visually distinct sections to create what the architect describes as an "urban repair" along Elizabeth Street. The staggered forms aim to maximise views east over Hyde Park and north towards Sydney Harbour, while also reducing overshadowing across the parklands.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%2010.15.05%E2%80%AFAM.png?VersionId=ADJyPnxYIZJ_vmEkQAw.zX3AS1jyaFAu" />

Sustainability is a focus, with plans targeting a 5-Star Green Star Buildings v1 rating, a 4-Star NABERS Hotel Energy rating, and a 3-Star NABERS Hotel Water rating. The building is also designed to exceed baseline BASIX standards.

Charter Hall’s proposal joins a cluster of major projects set to reshape this prime Hyde Park corridor. Just up the road, Central Element’s $100 million project at 271 Elizabeth Street will bring 53 apartments above new retail spaces, replacing the Hyde Park Inn hotel. Fife Capital has plans for a 17-level office and apartment redevelopment at 139 Elizabeth Street, further cementing the area’s shift towards a new mixed-use identity.

With its strategic location, diverse apartment mix, and integration of hotel amenities, Charter Hall’s project is expected to draw strong buyer and investor interest once it hits the market.

The $925 million development will deliver 441 hotel rooms and 264 apartments

Suburb	Postcode	Bedrooms	Current median rent	Yield
Nickol	6714	3	$375	9%
Merredin	6415	3	$260	8%
Newman	6753	4	$400	8%
Pegs Creek	6714	3	$350	7%
Northam	6401	2	$250	7%
Millars Well	6714	3	$350	7%

Nickol house rental yield at 9 percent: Investar

Staff reporter

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