Leading Australian developer and builder, Coronation Property Group, has officially broken ground to mark the start of construction at its new $250 million mixed-use residential and commercial development at Chatswood.

Located at <a href="https://www.urban.com.au/new-apartments/57-61-archer-street-chatswood">57-61 Archer Street</a>, close to the Chatswood Chase and Westfield Shopping Centres, the 32-level&nbsp;development has been recognised as a State Significant Development (SSD) by the NSW Government’s Housing Delivery Authority (HDA). It will deliver over 150 one, two, three and four-bedroom apartments.

Designed by global architectecture firm Woods Bagot, the project will also feature 2,500 sqm of retail and commercial space on the ground level, with a restored heritage building repurposed for fine dining, wellness facilities, and a communal landscaped open space for residents.

The sod turn event was led by Coronation’s Head of Urban Transformations, Aras Labutis, and attended by Coronation’s Executive and Development Teams; Project Partners and consultants, Urban Taskforce CEO Tom Forrest and the Member for Willoughby and Shadow Minister for Small Business and Shadow Minister for Fair Trading, Work Health and Safety and Building, Tim James.

<img alt="Coronation" data-entity-type="file" data-entity-uuid="3809aa87-7bc1-48e2-abcb-a762e4f808e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-04-17%20at%203.14.07%E2%80%AFPM.png?VersionId=iRs0eUwAZukpOkxAY11FzRiltnHE0oJ_" />

Coronation’s Managing Director Joe Nahas said he was proud that the Chatswood project represented Coronation’s first move into Sydney’s bustling North Shore market.

"We’re excited to mark the start of works on our new mixed-use development in the heart of Chatswood,” Nahas said.

“The close proximity to two major shopping centres, health services, eateries, the Chatswood Concourse arts and entertainment venue, schools, and major transport hubs, will create a vibrant, accessible new community for those looking to move to the heart of the Chatswood CBD.

"Our apartments will also offer local essential health and retail workers the opportunity to live in a beautifully designed apartment close to where they work, alleviating long commute times for them.

Nahas said&nbsp;Coronation is proud they are ‘on the ground’, continuing to deliver a solid pipeline of quality new apartments in activated, well-connected areas across Sydney.

Up to 400 jobs will be created through the life cycle of the development which is expected to be completed by Q1 2027, contingent on SSD planning approvals.

Coronation’s Managing Director Joe Nahas said he was proud that the Chatswood project represented Coronation’s first move into Sydney’s bustling North Shore market.



Joel Robinson

Coronation Property Group breaks ground at new Chatswood apartment development

Gold Coast-based builder-developer MAYD has officially started construction on its landmark project, One Burleigh, a collection of ultra-luxury full-floor residences overlooking&nbsp;Burleigh Heads.

<a href="https://www.urban.com.au/new-apartments/one-burleigh">One Burleigh</a>, located at 88 The Esplanade, will comprise 16 full-floor residences, each offering expansive oceanfront living with unmatched privacy. Construction is being undertaken by MAYD in partnership with Formplus, with completion expected by summer 2026.

[smartcode_project:default project_id=146358 project_image_fid=323054]

“In times of economic uncertainty, tangible assets like high-quality real estate continue to offer stability and long-term value,” Todd Mould, Director of MAYD, said.

“Stock markets around the world may be fluctuating, but real estate – particularly at the premium end – remains one of the most resilient and proven long-term investment avenues. Our commitment to delivering exceptional residences like One Burleigh reflects our confidence in the enduring appeal of the Gold Coast’s luxury property market.”

[smartcode_project:default project_id=146358 project_image_fid=323056]

MAYD’s portfolio of prestigious developments includes the nearly completed Prominence in Mermaid Beach, a $35 million boutique apartment building featuring eight luxury residences. Additionally, the company has received approval for a $350 million mixed-use development in North Kirra, encompassing a five-star hotel and 60 premium private residences.

“MAYD focuses on carefully chosen, handcrafted projects,” Mould added.

“Every development we take on is selected with intention — where location, design, and quality lead the way. Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323052]

The apartments in One Burleigh have been designed by&nbsp;MAS Architecture Studio and will each feature&nbsp;four bedrooms, 3.5 bathrooms, and three car spaces. Internal living areas span up to 381 sqm, complemented by generous outdoor spaces, culminating in total floor plans of up to 425 sqm.

“One Burleigh is more than a residence; it’s a sanctuary that offers an exclusive lifestyle experience,” Mould said.

“Our vision is to create homes that harmonise with the natural beauty of Burleigh Heads while providing the utmost in luxury and comfort.”

Residents will enjoy uninterrupted panoramic ocean views through floor-to-ceiling glass, maximising natural light and sea breezes. The design emphasises wellness, featuring serene coastal landscaping and exclusive access to a residents’ spa and lounge.

Nearly 50 per cent of the apartments have already been snapped up. Prices are starting from&nbsp;$8.85 million and rise to $15 million plus.

[smartcode_project_cta:default project_id=146358]

&nbsp;

“One Burleigh is more than a residence; it’s a sanctuary that offers an exclusive lifestyle experience,” MAYD Director Todd Mould said.

MAYD kicks off construction of ultra-luxury ONE Burleigh apartment development in Burleigh Heads

TOGA is making great strides in the construction of its&nbsp;latest Macquarie Park apartment project, <a href="https://www.urban.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>.

The iCIRT-rated builder-developer has installed the first crane on the Herring Road site, which by mid-2027 will home 265 apartments and 5,000 sqm office and retail space across three towers.

[smartcode_project:default project_id=89243 project_image_fid=242696]

Anthony&nbsp;Falas, Head of Sales at TOGA, says&nbsp;<a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> continues to show strong fundamentals for both investors and owner-occupiers, offering a vibrant community and exceptional connectivity.

"The sales success of Macquarie Rise reflects the outstanding design, premium amenities, and prime location of the project," Falas says.

"The strong market demand for our high-quality, flexible apartments underscores the trust in TOGA’s ability to deliver exceptional living spaces."

Over 25 per cent of sales have come from previous purchasers or referrals from those purchasers.&nbsp;Over 100 of the apartments were sold off the plan within weeks of launch last year.

[smartcode_project:default project_id=89243 project_image_fid=242698]

Designed by Turner Studio with interiors by Stack Studio, Macquarie Rise draws inspiration from hospitality design to create homes that are elegant, functional, and adaptable.

Many apartments include a versatile multi-purpose room – an increasingly popular feature as residents seek flexible spaces to accommodate home offices, studios, or nurseries.&nbsp;

Future residents will enjoy exclusive access to Club Rise, which features a 20-metre rooftop lap pool, a business lounge with bookable meeting rooms, a gym and yoga studio, and even a karaoke and cinema room – all designed to support a balanced and connected lifestyle.

[smartcode_project:default project_id=89243 project_image_fid=310789]

Macquarie Rise is strategically located within walking distance of Macquarie University, Macquarie Centre, and the Metro Station, enabling direct access to Sydney CBD and Barangaroo in under 20 minutes via the newly opened Metro line.

As TOGA advances toward vertical construction, excitement continues to build around the precinct’s contribution to Macquarie Park’s evolution as a thriving urban village.&nbsp;

The $400 million development – being delivered in partnership with Baptist Union NSW and Morling College – is set for completion in mid-2027.

[smartcode_project_cta:default project_id=89243]

Anthony Falas, Head of Sales at TOGA, says Macquarie Park continues to show strong fundamentals for both investors and owner-occupiers, offering a vibrant community and exceptional connectivity

TOGA installs first tower crane at Macquarie Rise as construction gathers pace

The Brisbane 2032 Olympic and Paralympic Games are already shaping the future of the Sunshine Coast, with surging demand for homes at <a href="https://www.urban.com.au/new-apartments/sol-by-walker-maroochydore-first-ave-maroochydore">SOL by Walker</a> in the Maroochydore City Centre driven by the Queensland &nbsp;Government’s roadmap to 2032.&nbsp;

Demand for the apartment collection at SOL by Walker has soared with more than half of the first release already secured, reinforcing strong buyer confidence in the region’s future.&nbsp;

[smartcode_project:default project_id=147777 project_image_fid=319846]

<a href="https://www.urban.com.au/developers/walker-corporation">Walker Corporation</a> Group Executive of Development Peter Saba said the team has seen strong enquiries &nbsp;for homes in the heart of the City Centre.&nbsp;

“The Queensland Premier’s recent announcement, including the proposed Maroochydore Horizon Centre &nbsp;precinct in their Brisbane 2032 Olympics Plan will provide a major boost to residents and businesses in the <a href="https://www.urban.com.au/developments/maroochydore-qld-4558">Maroochydore</a> City Centre and the entire Sunshine Coast region,” Saba said.&nbsp;

“The flow on effect is already being felt with many buyers looking to secure their future home or investment &nbsp;in SOL by Walker as a prime opportunity to live in one of Australia’s most exciting coastal cities, capitalising &nbsp;on the region’s liveability, accessibility and world-class infrastructure plans.”&nbsp;

“We are seeing a cross section of buyers purchase at SOL by Walker, from First Home Buyers to professional &nbsp;couples and families looking for exceptional quality and high-end amenities, along with great access to a brand-new City Centre and all just minutes from the beautiful beaches of the Sunshine Coast.”

&nbsp;

[smartcode_project:default project_id=147777 project_image_fid=319848]

The proposed landmark $1 billion Horizon Centre development will feature a multi-purpose arena, 1,400-bed athlete village and a five-star hotel, delivering a long-lasting Olympic and Paralympic legacy for the Sunshine Coast.&nbsp;

<a href="https://www.urban.com.au/news/qld/walker-corp-continue-sunshine-coast-evolution-with-olympic-scale-sporting-precinct">The Horizon Centre</a> will establish a vibrant civic, cultural and entertainment precinct integrated with the new WAVE transport system which will run through the Maroochydore City Centre and into the Sunshine Coast Airport.&nbsp;

The next-generation transport solution ensures SOL by Walker residents enjoy seamless access to key destinations across the Sunshine Coast and Brisbane, making city living more convenient than ever.&nbsp;

<img alt="Horizon Centre" data-entity-type="file" data-entity-uuid="0122dd90-68c0-4e22-ab93-fc2f15f930c8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Artist%27s%20impression%201%20-%20Cultural%20Precinct.jpeg?VersionId=dSJ70tmAyM_MonhAZhm122ugeIjLBjlF" />

“The Horizon Centre precinct will not only host Games action but will provide a lasting post-Games legacy, including a high-quality restaurant and entertainment district providing the Sunshine Coast with a world-leading venue for concerts, events and cultural experiences well beyond 2032,” Saba said.&nbsp;

SunCentral CEO Amanda Yeates said Maroochydore City Centre has become an economic powerhouse for the Sunshine Coast.

“In 10 years, we have seen Maroochydore City Centre transformed from a golf course to the makings of a real city, and with incredible projects underway all around us at SOL by Walker, 50 First Avenue, Maroochy Private Hospital and now new legacy infrastructure, the next decade is shaping up to be even bigger,” Ms Yeates said.&nbsp;

Maroochydore Chamber of Commerce President Brendan Bathersby welcomed the major boost for the region.&nbsp;

“There has never been a more exciting time to be on the Coast, with major legacy infrastructure shaping our future, boosting the local economy and anchoring Maroochydore City Centre as a connected, world-class city for generations to come,” Bathersby said.

[smartcode_project_cta:default project_id=147777]

Olympic infrastructure fuels residential boom in Maroochydore City Centre

Ahead of the Australian federal election in early May, both the Labor and Liberal parties have announced their plans to tackle Australia's housing crisis, if elected.

Their approaches reflect broader ideological divides—Labor leaning toward government-backed initiatives and equity access, while the Liberals counter with a market-based approach focused on deregulation, migration control, and leveraging super savings.

<h2>Labor’s Housing Vision: Build Big and Back Buyers</h2>

The Albanese Government has laid out an ambitious housing reform agenda with a two-pronged focus: enabling easier access to homeownership and ramping up housing supply.

5 per cent Deposit Guarantee for All First Home Buyers

At the heart of Labor’s policy is a major expansion of the Home Guarantee Scheme. The government will guarantee part of the loan for any first home buyer, allowing them to purchase a home with just a five per cent deposit and avoid Lenders Mortgage Insurance – regardless of their income. There are no caps on the number of places, and property price limits have been significantly raised.

"It means a Sydneysider can buy a $1 million apartment with a $50,000 deposit, or a Queenslander an $850,000 home with $42,500 upfront," the government announced.

Labor claims this initiative has already helped over 150,000 Australians step into homeownership sooner.

$10 Billion Housing Supply Boost

To address the long-term housing shortfall, Labor is investing $10 billion to build up to 100,000 new homes in partnership with state governments and developers. These homes will be reserved exclusively for first home buyers.

The government points to its broader $43 billion Homes for Australia Plan, which includes:

<ul>
	<li>55,000 social and affordable homes (28,000 already underway),</li>
	<li>A 45 per cent increase in rent assistance for one million low-income renters,</li>
	<li>Nationwide efforts to improve renters’ rights.</li>
</ul>

Labor also touts progress in easing builder shortages and increasing building approvals, positioning this as the biggest housing build since the post-WWII boom.

<h2>Liberal’s Alternative: Cut Red Tape, Fund Infrastructure, Manage Migration</h2>

The Coalition has framed Labor’s housing woes as the product of mismanagement, blaming high inflation, red tape, and an unsustainable migration surge.

Unlocking Land and Infrastructure

The Coalition pledges to unlock up to 500,000 new homes by investing $5 billion in essential infrastructure (water, sewerage, power) to make development-ready land viable.

They also propose:

<ul>
	<li>A freeze on changes to the National Construction Code for 10 years,</li>
	<li>Incentives for 400,000 apprentices and trainees to boost the building workforce,</li>
	<li>Deregistering the CFMEU to reduce union-driven costs and delays.</li>
</ul>

Supercharged Super Access

In a move targeting young Australians, the Liberals would allow first home buyers to access up to $50,000 of their superannuation to buy their first property. The withdrawn amount must be repaid upon selling the home to preserve retirement savings.

Migration Cuts to Ease Demand

The Coalition links housing demand pressures to record migration and pledges a dramatic overhaul:

<ul>
	<li>A two-year ban on foreign investors and temporary residents purchasing existing homes,</li>
	<li>A reduction in permanent migration to 140,000 per year (down from 185,000),</li>
	<li>Reforms to international student visa numbers and fees.</li>
</ul>

They claim these changes would free up 40,000 homes in the first year and over 100,000 in five years.

Economic Management to Tame Inflation

Finally, the Coalition connects housing affordability with monetary policy, arguing that Labor’s “wasteful spending” is fueling inflation and interest rates. By restoring economic discipline, they say, housing costs can be brought under control.

<h2 data-end="3855" data-start="3822">Key Contrasts at a Glance</h2>

<table data-end="5020" data-start="3857">
	<thead data-end="4002" data-start="3857">
		<tr data-end="4002" data-start="3857">
			<th data-end="3890" data-start="3857">Policy Area</th>
			<th data-end="3946" data-start="3890">Labor</th>
			<th data-end="4002" data-start="3946">Liberal</th>
		</tr>
	</thead>
	<tbody data-end="5020" data-start="4149">
		<tr data-end="4294" data-start="4149">
			<td data-end="4181" data-start="4149">Deposit Support</td>
			<td data-end="4238" data-start="4181">5% deposit with government loan guarantee</td>
			<td data-end="4294" data-start="4238">Access up to $50k super for deposit</td>
		</tr>
		<tr data-end="4439" data-start="4295">
			<td data-end="4327" data-start="4295">Housing Supply</td>
			<td data-end="4384" data-start="4327">100,000 homes via $10B investment</td>
			<td data-end="4439" data-start="4384">500,000 homes via $5B infrastructure fund</td>
		</tr>
		<tr data-end="4584" data-start="4440">
			<td data-end="4472" data-start="4440">Migration Impact</td>
			<td data-end="4529" data-start="4472">No cap changes announced</td>
			<td data-end="4584" data-start="4529">Cuts to migration and foreign property buyers</td>
		</tr>
		<tr data-end="4730" data-start="4585">
			<td data-end="4617" data-start="4585">Rental Support</td>
			<td data-end="4674" data-start="4617">45% increase in rent assistance; renter protections</td>
			<td data-end="4730" data-start="4674">No specific rental measures announced</td>
		</tr>
		<tr data-end="4875" data-start="4731">
			<td data-end="4763" data-start="4731">Construction Workforce</td>
			<td data-end="4820" data-start="4763">Addressing shortages with general industry support</td>
			<td data-end="4875" data-start="4820">400,000 new apprentices and SME incentives</td>
		</tr>
		<tr data-end="5020" data-start="4876">
			<td data-end="4908" data-start="4876">Red Tape &amp; Regulations</td>
			<td data-end="4965" data-start="4908">No construction code freeze mentioned</td>
			<td data-end="5020" data-start="4965">10-year freeze on code changes; union crackdown</td>
		</tr>
	</tbody>
</table>

Both parties acknowledge the severity of the housing crisis, but their paths to solving it couldn’t be more different. As the nation approaches another federal election, housing will remain a central battleground – and voters will need to choose which vision best fits their dream of owning a home.

Both parties acknowledge the severity of the housing crisis, but their paths to solving it couldn’t be more different

Pullman Cairns sold by Robert Magid

The sale equates to a rate of $223,000 a key and a yield of around 8%.

Magid told the Australian Financial Review the sale gave the opportunity both build a "bit of a war chest" and to focus on his three "strongly trading" boutique properties – the Pier One Sydney Harbour, the Harbour Rocks Hotel and, in Melbourne, the Hotel Lindrum.

Jonathan Chancellor

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