Capital Corporation has appointed the multi-award winning, family-owned construction firm DASCO to deliver the first 128 apartments at <a href="https://www.urban.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a>, part of the largest master plan on Sydney’s Upper North Shore.&nbsp;

The $1.5 billion transformation of a 31.4-hectare site heralds a new era for Upper North Shore, with The Residences at Wahroonga Estate forming the cornerstone of a broader vision to create a world-class integrated health precinct centred around the San Hospital, Sydney’s largest private hospital.

Following recent interest rate cuts, demand for high-quality, low-maintenance apartment living in a leafy, connected setting has surged. The project has already generated over $90 million in sales, with two-thirds of the initial apartment release secured by local downsizers, professionals, and families.

This is the first partnership between <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> and <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, bringing together two award-winning property powerhouses in what promises to be a defining project for the region.&nbsp;Both companies boast three decades of experience, shared values of excellence and trust and a combined track record of delivering over 10,000 dwellings across Australia, with more than 5,000 currently in the pipeline.

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Capital Corporation Managing Director Jim Hunter said DASCO’s reputation and capability made them the standout choice for this key project.

“We’re very pleased to be working with DASCO. Their commitment to quality and long-term community trust mirrors our own approach," Hunter says.

"The Residences at Wahroonga Estate will be a luxury landmark development for Sydney’s Upper North Shore, and we’re confident DASCO will help bring it to life with integrity and the highest standards of workmanship.”

[smartcode_project:default project_id=135247 project_image_fid=284380]

DASCO’s impressive portfolio includes the highly acclaimed East Village in Zetland, which has garnered over 20 industry awards. For three consecutive years, DASCO has received a 4.5-star iCIRT rating, the highest awarded to a private construction company in Australia and further reinforcing their standing as one of the most trusted builders in the country.

Former NSW Building Commissioner David Chandler publicly commended DASCO as one of the first builders for its commitment to industry reform.

DASCO Director and Owner Daniel Nicolas called it a "privilege" to work with Capital Corporation and be appointed builder.

"We’re aligned in our passion for creating communities that evoke luxury, lifestyle and liveability and are excited to raise the bar for residential living on the North Shore.” &nbsp;

The broader master plan has already delivered several key outcomes, including the expansion of the San Hospital to 90,000 sqm, a new high school, retail and medical suites, and the ongoing construction of 15,000 sqm of student and key worker housing. The commencement of these 128 apartments marks the beginning of the development’s first residential stage.

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With a strong track record on Sydney’s North Shore including Willoughby Grounds, St Leonards, Frenchs Forest and Roseville, the project will be DASCO’s largest build in the Upper North Shore to date.

Construction on the first 128 residences will commence in the coming months, with completion targeted for late 2027.

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Residential Construction on $1.5B Upper North Shore Masterplan Set to Begin in 2025

Joel Robinson

Capital Corporation appoints DASCO to to build the first stage at The Residences at Wahroonga after $90m in sales

<a href="https://www.urban.com.au/developments/clifton-hill-vic-3068">Clifton Hill</a>'s tightly held property market has seen little new development in recent years, with apartments making up just 25 per cent of the suburb’s housing stock.&nbsp;

<a href="https://www.urban.com.au/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill-vic-3068">33 Queens Pde</a> stands out as the first major residential project in the region in years.

Situated between two major green spaces, Edinburgh Gardens to the west and Darling Gardens to the east, 33 Queens Pde will introduce 32 residences to the area, including two and three-bedroom apartments, six townhouses, and two luxury penthouses.&nbsp;

The project is being developed by <a href="https://www.urban.com.au/developers/prime-edition">Prime Edition</a>, a boutique developer with a track record of delivering quality homes in premium Melbourne suburbs, including Toorak, South Yarra, and Surrey Hills.

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Designed by award-winning architecture firm <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the development emphasises light-filled, open-plan living spaces.&nbsp;

Floor-to-ceiling windows maximise natural light across all apartments, while each home is designed to connect seamlessly with private outdoor spaces, whether a balcony, courtyard, or rooftop terrace.

Kitchens are fitted with Miele appliances, natural stone benchtops and splashbacks, timber laminate cabinetry, and custom shelving. The master bedrooms feature walk-in robes and en-suites, and additional bedrooms are generously sized with their bathrooms.

Beyond the individual apartments, residents at 33 Queens Pde will have access to a communal landscape with an open-air atrium, along with modern facilities such as rainwater harvesting, smart parcel lockers, electric vehicle (EV) charging stations, bike storage with a repair station, and pet-washing facilities.&nbsp;

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Situated between Edinburgh Gardens and Darling Gardens, residents are also perfectly positioned to enjoy the best of Clifton Hill’s green spaces.

The area is well-served by public transport, with easy access to the tram on Route 86, connecting to key destinations like Fitzroy, Northcote, and the Melbourne CBD. Clifton Hill Station is just 700 meters away, providing a quick commute into the city.

The location also puts residents on Queens Parade, the main retail strip in Clifton Hill, so residents are walking distance to groceries, cafes, restaurants, medical and recreational opportunities. The vibrant café and retail precincts of Smith Street and Brunswick Street are also nearby.

Additionally, the development is conveniently located near educational institutions, with Collingwood College and Fitzroy High School within easy reach.

Demolition of the former commercial building on the prime 1,540 sqm Queens Parade site will commence shortly, with construction starting shortly after.

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Inside Prime Edition's rare Clifton Hill apartment development, 33 Queens Pde

Prominent builder-developer Core Developments has taken the reins on a prime town centre site to deliver one of Gungahlin’s most centrally located new apartment buildings in years.

Led by Ryan and Martine Cappello, Core Developments was keen to take over a project on Ernest Cavanagh Street, not only because of its location within the growing town centre but also due to the fact that Gungahlin, in Canberra’s north, is significantly undersupplied with new apartments, with just 13 per cent of dwellings being apartments.

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The new development, <a href="https://www.urban.com.au/new-apartments/raya-gungahlin-ernest-cavanagh-street-gungahlin-act-2912">Raya</a>, will feature 166 one, two, and three-bedroom apartments, designed by Stewart Architecture.

“Raya’s form seamlessly integrates with its amenity-rich surroundings, offering both privacy and sanctuary for residents while maintaining a strong connection to the vibrancy of the local community,” said Jonathon Phillips of Stewart Architecture.

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Each apartment includes a private outdoor space, with balconies ranging from eight square metres to over 50 square metres in select configurations.

An expansive rooftop terrace will form part of the building’s solar-powered communal areas, with the system helping offset electricity use across shared spaces. The rooftop is designed as a welcoming setting for residents to host gatherings with family, friends, and guests.

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One of the most attractive propositions for buyers is Raya’s location.

Future residents will be within five minutes of the town centre, home to three major shopping centres: Marketplace Gungahlin (which was recently extended), Gungahlin Village, and Gungahlin Square. These three centres collectively bring over 100 retailers, dining options, and hospitality venues, all just a stone’s throw from Raya.

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The Gungahlin light rail stop is just one street away from Raya. It’s the start of the line, and a short 24-minute trip to Alinga Street in the Canberra city centre.

Prospective homebuyers can secure an apartment at Raya with just a 5% deposit, and settle the remaining balance upon completion, which is slated for early 2027.

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Core Developments to deliver rare new apartment living to Gungahlin’s growing town centre

The Kensington, one of the latest apartment projects by longstanding Sydney developer TOGA, has hit a major milestone.

The Anzac Parade building has officially topped out under the watchful eye of Gold Star iCIRT-rated builder DASCO, who can start to turn their attention toward the exterior of the building, and the fitout of the&nbsp;142 one, two, and three-bedroom apartments strategically located opposite the Kensington Light Rail stop.

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<a href="https://www.urban.com.au/new-apartments/the-kensington-147-151-anzac-parade-kensington-nsw-2033">The Kensington</a>'s design, in collaboration with award-winning design firm <a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a>, aims to reflect the charm of Kensington through its use of face brickwork, while offering contemporary, high-quality living spaces.&nbsp;

A standout feature is the communal rooftop garden, which provides sweeping views over the surrounding parklands and Randwick Racecourse.

The project also features retail spaces on the ground floor, aimed at offering convenience and services for residents and the local community. With private entrances for the SOHO terraces, these spaces are well-suited for small businesses or entrepreneurs.

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Apartments in The Kensington cater to a broad range of buyers, with one, two, and three-bedroom layouts available. The mix also includes a limited number of SOHO properties, offering flexible spaces that suit both living and business needs.&nbsp;

Prices are positioned in the luxury segment, with premium finishes, spacious floor plans, and an emphasis on seamless indoor-outdoor living.&nbsp;

Each apartment has been designed to adapt to modern lifestyle trends, including work-from-home arrangements, by integrating study areas in most layouts.

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Kensington has become one of the more sought-after locations in Sydney's Eastern Suburbs. Situated just 200 metres from the Kensington Light Rail stop and within a 10-minute drive to both the CBD and Coogee Beach, The Kensington offers a highly accessible location with a distinctly coastal-city lifestyle.&nbsp;

The area continues to see significant investment and development, driven by its proximity to major institutions such as the University of New South Wales (UNSW) and Prince of Wales Hospital.&nbsp;

The increasing demand for property in the area is reflected in a tightening rental market, with low vacancy rates contributing to positive fundamentals for development projects like this.

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TOGA, a well-established Australian developer, is known for its solid track record in delivering residential projects. With over 60 years of experience, the company is backed by a reputation for quality construction and innovation.&nbsp;

The Kensington marks a significant step in TOGA’s broader vision for revitalising the Anzac Parade corridor, contributing to the creation of a vibrant new residential and business precinct in the area.&nbsp;

Residents will move in midway through 2026.

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&nbsp;

TOGA tops out The Kensington, reshaping Anzac Parade light rail corridor

As one of Canberra’s most prolific developers, Geocon has had a front-row seat to the evolving dynamics of the ACT’s apartment market — and according to Andrew Clark, General Manager of Development, the capital is only now beginning to realise its potential.

“Canberra’s really just coming of age,” Clark says. “We’re seeing consistent growth, and the fundamentals are incredibly strong — population is forecast to increase by around 9,500 people a year for the next five years, a highly educated buyer pool, and a government steadily investing in infrastructure.”

Geocon currently has two major projects in the planning stage. One is in Woden, where the Phillip Swimming and Ice Skating Centre site will be transformed into a three-stage development. The first stage, currently under review under the ACT’s updated Territory Plan, includes a new 25-metre indoor pool and splash park, along with 285 apartments — one of the first large-scale projects to move through the new framework.

“This is really a benchmark for how civic infrastructure and residential development can co-exist,” Clark says. “It’s a strong statement about what modern infill can look like in Canberra.”

<img alt="Woden" data-entity-type="file" data-entity-uuid="e1ab453f-cb42-46d8-b9e6-1b6698d82902" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-21%20at%2010.43.48%E2%80%AFAM.png?VersionId=E6yM2sJLsPmvfIWx.hN9F_oPCBeRzLKH" />The Woden development. Image supplied

Geocon’s other main focus is in Braddon, where the developer recently acquired a 10,663 sqm site on Northbourne Avenue. The site is slated for around 558 apartments and is still in early DA stages.

This project joins a growing list of higher-density developments pushing closer to public transport corridors — a clear priority under recent ACT Government strategies.

For Clark, the shift to infill and higher-density living isn’t just a planning directive, but a market inevitability.

“We’re seeing a widening gap in housing affordability between freestanding homes and units. For many first-home buyers and investors, units remain the more realistic entry point, especially as the cost of land and detached housing continues to climb, due to limited supply. That shift is having a real impact on buyer behaviour, particularly for families who still value the long-term benefits of owning land but are being priced out. It’s no surprise the market has been pushed toward more multi-unit developments — and frankly, it makes sense.” he says.

Clark also points to the environmental and infrastructure benefits.

“Infill helps us put more people closer to public transport and activity centres. That reduces car reliance and supports investment in things like light rail, which in turn drives more growth.”

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Clark notes that while apartment living is more established in cities like Sydney, Melbourne, Brisbane and the Gold Coast, Canberrans are starting to embrace the shift.

Investor interest has been growing in recent months, particularly from Sydney, with vacancy rates in Canberra sitting at just 1.5 per cent.

“There’s a good level of investor confidence in Canberra, and that hasn’t really changed. It’s a secure, stable place to invest — and that’s attractive when you're looking long term,” Clark says. “We’ve got solid relationships with agents across the country. And even though our core marketing is local, we know how to tap into that national interest.”

Looking ahead, Clark sees continued pressure on supply, particularly as the ACT’s population forecasts and housing targets outpace the current development pipeline.

“The government has acknowledged that urban infill is a critical part of the future land release programme, and their legislative changes reflect that. But even with that, we’re not really keeping up with demand. There’s still a lot of upside here.”

With the University of New South Wales recently lodging plans for a new Canberra campus, and light rail expansion progressing, Clark is optimistic about the region’s trajectory.

“The university sector has grown significantly, and that growth flows through the broader economy. At the same time, Canberra’s strong public sector presence underpins a wide range of private sector activity. That solid economic base gives the city a level of stability and insulation that many other cities simply don’t have.”

Ultimately, Clark sees Canberra continuing to evolve into a unit-driven market — not just for investors and students, but for professionals and downsizers who now see apartments as a viable long-term option.

“People are rethinking the quarter-acre dream,” he says. “It’s taken time — and there’s still work to do in appealing to families — but we’re seeing that shift.”

And as the city continues to grow, so too will the scale and ambition of its projects. “We’re ready for that next chapter. Canberra’s not a ‘maybe’ market anymore — it’s a market with a future.”

No smiles in Toorak as restored mansion passed in on weekend vendor bid

Jonathan Chancellor

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