The Inner West’s long-awaited Rozelle Village has officially hit the market — and buyers haven’t wasted any time in securing an apartment in the new development that has been almost a decade in the making.

Developed by Sydney-based <a href="https://www.urban.com.au/developers/perifa">PERIFA</a>, part of the <a href="https://www.urban.com.au/builders/versatile">Versatile Group</a>, in partnership with Mitsubishi Estate Asia (MEA), the mixed-use precinct has achieved more than $140 million in apartment sales.

More than 40 apartments have already been sold, including several high-end three-bedroom apartments with sales reaching up to $6.9 million.

Demand has been driven largely by local owner-occupiers who’ve had Rozelle Village on their radar for some time — many of them already living in apartments and looking to upgrade without giving up lifestyle, walkability, or views.

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PERIFA Co-founder and Managing Director,&nbsp;Fabrizio Perilli, said the team is&nbsp;thrilled with the level of interest in Rozelle Village.

"It demonstrates the strong demand for well-designed, high-quality homes in the Inner West, but also the ongoing demand we’re seeing for new housing in Sydney."

Perilli says Rozelle Village is providing the people of Sydney with the quality housing they so desperately need, and with open, community spaces and well-curated retail amenity for everyone to enjoy.

"With demolition complete, we’re looking forward to progressing with construction over the coming months.”

<a href="https://www.urban.com.au/project-marketer/srm-residential">SRM Residential</a> Director, David Milton, says the response to the development was very strong, as expected.

"There is such limited supply in this area and buyers have been anticipating this release for a long time.”

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<h2>About Rozelle Village</h2>

Rozelle Village is PERIFA and MEA’s second major joint project in Sydney, following Putney Wharf Residences.

With architecture by <a href="https://www.urban.com.au/architects/studiosc-0">StudioS.C</a>, interiors designed by <a href="https://www.urban.com.au/interior-designers/sjb-interiors">SJB</a>, urban design and landscaping by <a href="https://www.urban.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, and retail curation by Retail Strategy Group, Rozelle Village will provide a high-quality, community-focused precinct with long-term value for both new residents and the existing Rozelle community.&nbsp;

Led by Versatile Construction, ground works have commenced with construction approval received, and project completion anticipated in the first half of 2028.

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Joel Robinson

Rozelle Village achieves strong results as sales officially launch

Sunshine Coast developer&nbsp;Habitat Development Group is set to break ground on its latest Sunshine Coast project, The Millwell.

Habitat will officially turn the first sod at the start of July at the Millwell Road East site, adjacent to the Sunshine Plaza and fronting the Cornmeal Creek.

<a href="https://www.urban.com.au/new-apartments/the-millwell-2-millwell-road-east-maroochydore">The Millwell</a> continues Habitat’s strong momentum in Maroochydore, where the Brisbane-based developer has already delivered Market Lane Residences and The Corso Collection.

The $243 million project will deliver 205 apartments across two eight-level towers, designed by long-time Habitat collaborator <a href="https://www.urban.com.au/architects/k-architecture">K Architecture</a>.&nbsp;

A mix of two, three, and four-bedroom residences, including four premium penthouses, will be complemented by 361 sqm of ground-floor commercial and retail space.

Sunshine Coast Mayor Rosanna Natoli will join Habitat Managing Director Cleighton Clark to officiate the ceremony, marking a symbolic moment for both the developer and the region.&nbsp;

Clark said The Millwell has been designed to meet this sustained demand with larger format apartments and elevated amenities.

The Millwell will offer a suite of high-end amenities for residents, headlined by the Sunshine Coast’s first 25-metre rooftop infinity-edge pool.&nbsp;

The rooftop terrace, complete with subtropical landscaping and sweeping 360-degree views, will also feature an independently operated spa and wellness centre, private dining rooms, a rooftop bar, and a fully equipped outdoor kitchen and communal areas designed to foster a vibrant community.

Views will span across the Maroochydore River and Mount Coolum to the north, Mount Buderim and Point Cartwright to the south, and the beaches and hinterland of the wider Sunshine Coast region.

The project comes at a time when the Sunshine Coast rental market continues to tighten, with historically low vacancy rates driving interest from both investors and owner-occupiers.&nbsp;

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The $243 million project will deliver 205 apartments across two eight-level towers, designed by long-time Habitat collaborator K Architecture

Habitat to break ground on The Millwell in Maroochydore

Renowned developer Sekisui House Australia has launched its newest apartment project, the company’s first development in Sydney’s prestigious Lower North Shore region.

The new development, <a href="https://www.urban.com.au/buildings/waterstone-st-leonards-24-berry-road-st-leonards-nsw-2065">Waterstone</a>, on the fringe of Newlands Park in the sought-after St Leonards South precinct, comprises 207 apartments designed to look south back to the Sydney CBD.

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The striking landscape-laden building was originally designed by&nbsp;globally renowned Koichi Takada Architects, with equally regarded architect&nbsp;<a href="https://www.urban.com.au/architects/turner-studio">TURNER</a>&nbsp;coming in to handle the interiors and deliver the designs following Sekisui's acquisition of the prime Berry Road site.

One of the biggest focuses for the design was for Waterstone to integrate&nbsp;with the surrounding landscape, with nearly 30 per cent of the site dedeicated to communal open space.

Waterstone will feature a north-south green spine and landscape design by <a href="https://www.urban.com.au/landscape-architect/aspect-studios">ASPECT Studios</a>, creating a strong connection to the Lane Cove Council’s St Leonards South masterplan and neighbouring pocket parks, trails, and bushland reserves.

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Peter Valleau, Project Director, Apartment &amp; Mixed-Use Developments at&nbsp;<a href="https://www.urban.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, said&nbsp;Waterstone represents an important strategic play for the developer.

"As our first Lower North Shore project, it showcases a commitment to delivering human-centric, environmentally responsive communities in one of Sydney’s most desirable blue-chip suburbs,” Valleau said.

“This project is guided by our global Japanese design philosophy of Satoyama, where harmony between the built environment and nature enhances quality of life. Waterstone is a carefully considered community where residents will enjoy the benefits of a sustainable lifestyle without compromising on luxury or urban convenience.”

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Waterstone extends across five buildings ranging from four to nine levels and comprises 45 one-bedroom apartments, 111 two-bedroom apartments, 49 three-bedroom apartments, and two four-bedroom apartments.

Miguel Serrao, Associate at ASPECT Studios, said their vision for Waterstone was to create a living, breathing landscape that mirrors the local ecology from woodland ridgelines to the shaded escarpment below.

"We have designed a series of outdoor spaces that foster both privacy and community using native planting, sensory gardens and sustainable water management to support wellbeing, biodiversity and daily connection to nature.

“Residents will experience a sense of calm and retreat the moment they step outside their door. From quiet corners and garden courtyards to open lawns and playful spaces for children, every element has been curated to encourage relaxation, interaction and a deeper relationship with the surrounding environment.”

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Turner led the interior design of Waterstone, with a focus on creating space that are&nbsp;timeless yet contemporary, modern yet relaxed, and blend seamlessly with the project’s park setting. &nbsp;

“Each apartment is individually crafted to feel like a home, incorporating tactile, natural materials, bespoke joinery, light-filled living spaces and framed window views,” said Darren Paul, Interiors at TURNER.&nbsp;

“Our approach focused on balancing elegance with everyday functionality. The colour schemes are warm and neutral, anchored by timeless natural stone and enhanced by optional upgrades such as feature lighting and fluted glass cupboards.”

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The first release is now selling and includes Aella and Zenith buildings offering a mix of spacious one, two and three-bedroom apartments, many with multipurpose rooms and flexible layouts tailored for downsizers, families and owner-occupiers.

Designed for comfort and liveability, the oversized residences feature generous layouts, flush indoor-outdoor transitions and sustainability-led inclusions such as a double-glazed façade system and solar panels on all buildings. Interiors are available in customisable palettes with premium finishes.

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Residents will enjoy exclusive access to a wide range of amenities integrated along the green spine, including a heated outdoor pool and spa, poolside pavilion with fireplace and dining terrace, gym, infrared sauna, co-working lounge, resident workshop, and wild play areas for children.

Located a short walk from Wollstonecraft and <a href="https://www.urban.com.au/developments/st-leonards-nsw-2065">St Leonards</a> train stations, as well as easy access to the new Crows Nest Metro, Royal North Shore Hospital, Mall 88 shopping precinct and Smoothey Park, Waterstone is ideally positioned to take advantage of the Lower North Shore’s leafy character and exceptional amenity. Just three kilometres from Sydney Harbour, it sits within a well-connected precinct.

Construction is expected to commence late in 2025, with completion targeted for the end of 2027.

Sekisui House Australia is a 4 Gold Star iCIRT rated developer and has a strong track record of delivering billions of dollars worth of apartments across both New South Wales and Queensland.

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Peter Valleau, Project Director, Apartment & Mixed-Use Developments at Sekisui House Australia, said Waterstone represents an important strategic play for the developer

Sekisui House Australia launches Waterstone in emerging St Leonards South precinct

ASX-listed developer&nbsp;<a href="https://www.urban.com.au/developers/cedar-woods">Cedar Woods</a>&nbsp;has acquired a development site in&nbsp;Fairfield, Victoria, as part of the company's more assertive acquisition strategy.

The 11,600 sqm site is uniquely positioned between the Yarra River and Merri Creek parklands, has over 200m of direct frontage to Fairfield Park, and is located only 4.2km from the Melbourne CBD, with the elevated site boasting uninterrupted views of the city skyline.

The site, which is zoned for the intended residential use, will be developed into a mid-rise, multi-stage apartment project, yielding approximately 300 dwellings that will command premium pricing due to the sought-after location.

The site was acquired from a private vendor for $50m on deferred payment terms, with payments to be made in 2027 and 2028.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

According to research house, Charter Keck Cramer, Melbourne is projected to have a chronic shortfall in apartments of around 23,500 in coming years with apartment commencements at their lowest level in over 15 years. The total number of approved homes fell by 5.7% in April to 14,633, according to data just released by the ABS.

Cedar Woods’ Managing Director, Nathan Blackburne, said the acquisition will augment the Company’s current Victorian portfolio and provide quality apartments in a market where a significant undersupply is forecast.

“We see Melbourne as an opportunity for counter-cyclic acquisitions of quality sites and are preparing for increased homebuyer demand as purchasers respond to lower interest rates and supportive government policies,"&nbsp;Blackburne said.

“Cedar Woods will craft a premium design for the site to make the most of its unique park-front location and uninterrupted views of the CBD and local area.”

Builder availability in Victoria is superior to other states and extensive work has been undertaken to determine expected construction costs, with multiple builders capable of delivering such a project at competitive prices. Risks will be mitigated through presales, further builder due diligence, and contract structure.

“With our strong balance sheet, and favourable macro conditions, Cedar Woods is continuing its strategy of diversification – by product type, price point, and location – and strengthening our portfolio with quality sites that we can deploy into an undersupplied market”, Blackburne added.

The acquisition comes after the recent announcement of the acquisition of a South Australian site at which the company is planning a premium masterplanned community.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

Cedar Woods acquires Fairfield site for new residential development

There aren’t many luxury penthouses in Fitzroy, fewer still that offer unobstructed views, two separate living zones, and over 300 sqm of living space. Especially in a Melbourne suburb better known for terrace houses and converted warehouses than for vertical-scale opulence.

But well-known local developer <a href="https://www.urban.com.au/developers/sma-projects">SMA Projects</a> has reserved the entire top floor of its newest apartment development,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent Fitzroy</a>, for two apartments, but one very distinct penthouse that will stand unrivalled in the popular inner-city suburb.

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The penthouse, with its immense north-facing view, is the largest in the block. The four-bedroom residence has been cleverly designed by Hayball Architects to include two separate living areas, accommodating a variety of household needs, from young families wanting a second space for children, to those approaching the empty-nester stage, with adult children studying at university.

At the heart of the home is a central kitchen, designed and realised by the renowned interiors team at Studio Tate. It is anchored by a full-length island bench with an overhang intended for casual dining and entertaining. It also includes a full butler’s pantry, an inclusion more typically found in high-end houses than in city apartments.&nbsp;

This open-plan space, which incorporates the main living area and a dedicated dining zone, is framed by a wraparound terrace that is deep and long enough to accommodate multiple lounge areas, a dedicated outdoor kitchen, and an alfresco dining space.

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The master suite features a walk-through wardrobe, a double vanity, a freestanding bath, and a shower, and it opens directly onto the terrace. Easily the showstopper at this old Fitzroy theatre site of its original namesake. Each of the three additional bedrooms also includes their own en-suite with showers.

To preserve the functionality of the main living areas, Studio Tate has demonstrated refined design thinking to incorporate a separate study, featuring a long, integrated desk ideal for multiple work-from-home setups, tucked privately away from the main living zones. Meanwhile, the laundry, often squeezed into a butler’s pantry in more typical compact designs you’d find throughout Fitzroy, has been given its own fully dedicated room.

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The Regent occupies the former site of the old Regent Theatre, which was demolished in the early 1980s. In response to this storied inner Melbourne history, SMA Projects, Hayball Architects and Studio Tate have drawn subtle references from the site’s cinematic past through materiality and form.

The Regent's design includes curved motifs, tactile surfaces, and dual interior palettes which were inspired by the glamour and texture of the classic cinema architecture of the original building.

While both top-floor apartments benefit from the development’s broader architectural language, the penthouse asserts a distinct presence through its positioning, size, and north-facing outlook.

The Regent presents a considered selection of luxurious, hotel-inspired amenities—including concierge service, a private guest suite, resident workshop, dog wash station, and curated ground-floor retail—designed to offer comfort, convenience, and a lifestyle defined by distinction.

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Importantly, all apartments in the building offer on-title car parking with no stackers or car lifts, a practical point of difference that will appeal to owner-occupiers.

Positioned in one of Fitzroy’s quieter pockets, The Regent is still within walking distance to Brunswick Street, Smith Street, and Carlton Gardens.

Tram connections also place the city within eight minutes of the CBD, while surrounding dining, cultural and retail amenities remain a drawcard for local and interstate buyers alike.

The Regent will comprise 64 one, two, and three-bedroom apartments, with two-bedroom, two-bathroom residences starting from $699,000 and the penthouse selling at $8,500,000.

Currently, off the plan apartment buyers in Victoria can purchase with no stamp duty for a limited time only.

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Industrial sites in Sydney and Melbourne on the market

Staff Reporter

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