The NSW Government will take the lead in rezoning the Burwood North Metro Precinct, that could deliver around 15,000 new homes near the future Sydney Metro station, creating new housing and job opportunities close to transport and services. 
 
The new Burwood North Metro Station provides a once-in-a-generation opportunity to create a thriving inner-west precinct near a world class metro line, just four stations away from the Sydney CBD. 
 
Centred around the new Burwood North Metro Station, the rezoning will deliver a new precinct supported by major public transport links and open space, while rejuvenating another part of the Parramatta Road corridor. 
 
The current Burwood train station and Parramatta Road bus links are also nearby, along with strong local schools and shopping precincts, with the Parramatta River a short distance away. 
 
Burwood Council and Canada Bay Council have both progressed individual masterplans to deliver homes in their Local Government Areas. The NSW Government will build upon the Councils’ plans as well as identify further opportunities for residential growth to better respond to the future Sydney Metro station. 
 
The rezoning is being progressed through the State Significant Rezoning Pathway, which was introduced by the Minns Government to fast-track major rezoning proposals. The State Significant Rezoning Policy, introduced in September 2024, fast tracks the rezoning of key precincts, and existing planning proposals delayed in the planning system. 
 
NSW is in need of bold housing solutions. Sydney is the second least affordable city in the world, with house prices having significantly outstripped wage growth over the last two decades. 
 
A key focus of the state-led rezoning will be to deliver precinct-wide infrastructure that will enable essential services and amenities to be delivered alongside the new housing. 
 
The Department of Planning, Housing and Infrastructure will now work with both councils and the relevant state government agencies to progress the rezoning, with a draft masterplan expected to be exhibited in the first half of 2026. This will be followed by a final precinct masterplan, at which stage development applications can be lodged under the new planning controls. 
 
This new site builds on the NSW Government’s earlier announcements of state-led and state-assessed rezoning projects. To date, 25 projects have been progressed as state rezonings, with the potential to enable the delivery of an estimated 60,000 homes and 68,000 jobs.

The Urban Development Institute of Australia (UDIA) NSW, says the NSW Government’s decision to lead the rezoning of Burwood is an essential move to unlocking much needed housing supply, accelerating the planning system, and ensuring coordinated infrastructure delivery.&nbsp;

“The NSW rezoning process is currently one of the slowest in the country. Any action that helps to speed this up, particularly in well-located areas like Burwood North, should be welcomed,” said UDIA NSW CEO, Stuart Ayres.&nbsp;

“New homes start with rezoned land. That’s why we’re encouraged to see the NSW Government stepping in to lead the process at Burwood North. The more the State can be involved in finalising these complex rezonings, especially where boundaries are shared, the better the outcomes for everyone."

Joel Robinson

NSW Government to rezone Burwood North and trigger 15,000 new homes near future Sydney Metro Station

<a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, in partnership with Hankyu Hanshin Properties, has achieved strong sales success with the launch of <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a>, the most elevated and luxurious release to date in the $5 billion Melrose Park masterplanned community in north-west Sydney.

Around $30 million worth of apartments, across 35 sales, was secured within four hours of the release, marking one of the strongest launch results at <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>. Priced between $645,000 and $1.5 million, Aeris set a new benchmark for the precinct, with two-bedroom apartments eclipsing the $1 million mark, significantly higher than comparable offerings in previous stages.

[smartcode_project:default project_id=426 project_image_fid=4945]

Veronica Papaianni, Sales Manager, Apartment &amp; Mixed-Use Developments at Sekisui House Australia, said the sales results confirmed both the strength of the market and the growing demand for premium apartments in master planned communities.

“Aeris captured the attention of buyers with its elevated location, luxury finishes and new product types including two-bedroom residences with dedicated multipurpose rooms, a first for Melrose Park,”&nbsp;Papaianni says.

“The response was immediate with over 200 people attending the launch and 35 apartments sold launch day. Owner occupiers made up over half of all purchasers, an exceptional outcome for a high-rise apartment building and a strong indicator of the desirability of Aeris as a place to live, not just invest."

[smartcode_project:default project_id=426 project_image_fid=4946]

Apartments sold were evenly split between one and two-bedroom configurations, with strong demand from young couples, professionals, downsizers and first home buyers. The introduction of adaptable layouts, such as dual key and multi-generational residences, also expanded buyer interest.

“The record result builds on renewed buyer confidence following two interest rate cuts earlier this year, with another cut widely anticipated next week,"&nbsp;Papaianni added.

"The interest rate reductions have definitely contributed to the sales momentum and buyer optimism. We are seeing more people engage with the market, particularly owner occupiers who feel now is the right time to secure a high-quality home in a future focused location.”

[smartcode_project:default project_id=426 project_image_fid=4948]

Positioned at the highest point of the 30-hectare Melrose Park site, Aeris offers panoramic views of the Parramatta River, Sydney Olympic Parklands and the surrounding neighbourhood. Every apartment includes Miele appliances, timber flooring and smart home integration with residents enjoying access to a rooftop pool, gym and outdoor cinema.

“The success of Aeris further elevates Melrose Park’s standing in Sydney’s competitive property landscape. Aeris reaffirms Melrose Park’s position as one of Sydney’s most ambitious urban renewal projects," Papaianni continued.

"Its green spaces, future Town Centre (set to open in 2026), Melrose Park High School and connectivity to the Parramatta Light Rail Stage 2 connection, make it a highly attractive proposition for both owner occupiers and investors.”

There will be 468 apartments across the 21- and 23-level towers. Only the first of Aeris’s two towers has been released to date, with the next release expected in early 2026.

Construction of Aeris is anticipated to commence in late 2025, with the first lower tower due for completion in Q4 2027 and the second tower expected in 2028.

[smartcode_project_cta:default project_id=426]

Apartments sold were evenly split between one and two-bedroom configurations, with strong demand from young couples, professionals, downsizers and first home buyers

Strong buyer response to Aeris, Melrose Park’s latest stage

Melbourne is continuing its bounce-back from bottoming out of the property market earlier this year.

The gains are modest, but have been continuous now for the last three months. Dwelling values, which incorporate both houses and units, rose 0.4 per cent in July, according to Cotality's latest Home Value Index.

Unit values lifted 0.4 per cent over the month, following gains of 0.3 per cent in June and 0.4 per cent in May.

On an annual basis, Melbourne unit values are still 0.8 per cent below where they stood a year ago, highlighting the lag in the apartment sector’s post-pandemic recovery.

Median unit values now sit at $621,281, while Melbourne’s house median is $952,339, a gap of over $330,000.

Melbourne’s quarterly growth of 1.2 per cent across all dwellings placed it behind most capitals, though the broader mood is lifting with rate cuts and construction confidence slowly returning to the market. Cotality notes that the supply-demand imbalance remains a key driver of price resilience, with listings well below average and annual sales slightly above trend.

<h2>What happened in Melbourne’s off the plan apartment market in July?</h2>

There were key milestones across several major developments in Melbourne over July, from new releases to construction advancements, in both Bayside and Melbourne's inner ring.

<a href="https://www.apartments.com.au/developers/gamuda-land">Gamuda Land</a> topped out <a href="https://www.apartments.com.au/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda-vic-3182">Fareham</a>, its sculptural residential tower on St Kilda Road.

<a href="https://www.apartments.com.au/builders/markscon">Markscon</a> has completed the 16-storey structure and remains on track to deliver the entire building by early 2026.

[smartcode_project:default project_id=137950 project_image_fid=281436]

“Topping out marks more than just structural progress - it represents our long-term vision to create sustainable, well-integrated neighbourhoods that add real value to the communities around them,” said Jess Teng, Chief Operating officer, Gamuda Land.

Fareham, one of the few new developments currently on the market in St Kilda, responds directly to its location along the iconic St Kilda Road. The project is targeting an average 8-star NatHERS rating, well above standard requirements for new apartment buildings.

Read more: <a href="https://www.apartments.com.au/news/vic/gamuda-land-tops-out-fareham-on-st-kilda-rd">Gamuda Land tops out Fareham on St Kilda Rd</a>

In the inner north, <a href="https://www.apartments.com.au/developers/beulah">Beulah</a> revealed a new sustainable townhouse collection at its <a href="https://www.apartments.com.au/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> precinct.

The collection, known as ‘The Courtyard House’, has been created in collaboration with <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees Architects</a> to meet the evolving needs of modern families.

The release comprises 15 two and three-bedroom homes centred on a communal courtyard.

[smartcode_project:default project_id=136451 project_image_fid=270371]

With a central courtyard at its heart, the design reimagines the possibilities of multi-generational living, blending flexibility, sustainability and personalisation within a heritage setting. Distinct from a traditional garden, the courtyard delivers natural light, fresh air and a generous sense of space, without the upkeep of a backyard.

“The modern home should flow from inside to outside - the courtyard provides a space which joins the different parts of the home together as the central outside space of the home,” explains Six Degrees Director, Peter Malatt.

Brunswick Established is now 70 per cent sold.

Read more: <a href="https://www.apartments.com.au/news/vic/beulah-release-sustainable-courtyard-townhouse-collection-at-brunswick-established">Beulah release sustainable courtyard townhouse collection at Brunswick Established</a>

In Melbourne's west, <a href="https://www.apartments.com.au/developers/spacious-property-development-group-pty-ltd">Spacious Property Development Group</a> confirmed that residents will begin moving into <a href="https://www.apartments.com.au/new-apartments/voyage-altona-102-106-pier-street-altona-vic-3018">Voyage Altona</a> this spring, as builder Ironside pushes through final works.

Positioned within the <a href="https://www.apartments.com.au/developments/altona-vic-3018">Altona</a> waterfront precinct, Voyage offers coastal apartments set within landscaped surrounds. Voyage is the only new apartment offering currently on the market in Altona.

[smartcode_project:default project_id=112195 project_image_fid=2146]

The developer flagged the start of settlements as a key moment for the precinct, which forms part of a broader long-term vision for Altona’s transformation.

Prices start from just over $500,000 for one-bedroom apartments, with three-bedroom configurations topping out just over the $1 million mark.

Read more: <a href="https://www.apartments.com.au/news/vic/buyers-to-move-into-voyage-altona-this-spring">Buyers to move into Voyage Altona this Spring</a>

City Beat July 2025: Melbourne values continue to trend upwards

For the first time in four years, a new apartment development has launched in the growing North Sydney commercial and retail hub.

Several years in the making, national apartment developer <a href="https://www.apartments.com.au/developers/casa">CASA</a> has unveiled <a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>—a boutique collection of just 71 apartments in a striking, stepped building ideally located on McLaren Street, on the edge of North Sydney’s vibrant lifestyle precinct.

[smartcode_project:default project_id=141323 project_image_fid=3191]

The McLaren is just a stone’s throw from the new Victoria Cross Metro Station, part of the expanded Sydney Metro network that’s attracting buyers from North Sydney through to Castle Hill.

CASA engaged renowned architects Bates Smart to design the project. Boutique by city centre standards, where developments often reach soaring heights and feature hundreds of apartments, The McLaren stands out for its intentional, considered design.

What’s immediately evident is the care taken to maximise apartment outlooks. The building rises to just 14 storeys - also relatively modest for the area - but cascades downwards to create expansive terraces and a sculpted rooftop garden offering panoramic views across Sydney Harbour and the CBD skyline.

The McLaren’s podium pays homage to the site’s fine-grain, leafy character. It sits adjacent to heritage-listed properties and near the Walker and Ridge Streets Heritage Conservation Area.

[smartcode_project:default project_id=141323 project_image_fid=3193]

The development offers a diverse mix of apartments, ranging from one to four bedrooms. More than half are generously sized three-bedroom residences, catering to the local downsizer market. Selected apartments feature natural stone benchtops, Gaggenau appliances, and a refined interior palette inspired by the local landscape.

The McLaren also includes a rare collection of terrace homes that echo the scale, materiality, and character of North Sydney’s Victorian-era dwellings—particularly those along nearby Walker Street.

[smartcode_project:default project_id=141323 project_image_fid=3194]

All McLaren residents, whether in a terrace home or apartment, will enjoy exclusive access to resident-only amenities, including a rooftop garden terrace, private dining and wine cellar facilities, and a lounge area designed for entertaining and relaxation. A ground-floor retail space and a new public through-site link connecting Walker and Harnett Streets will further enhance local vibrancy and walkability.

[smartcode_project:default project_id=141323 project_image_fid=3196]

Colliers is receiving strong interest from local downsizers and working professionals who are drawn to the connectivity of North Sydney, and the convenience of being just one metro stop from the Sydney CBD for both work and leisure.

CASA, established in 2010 as a private real estate fund backed by global institutional investor GFM, has recently expanded its residential development pipeline nationally, with two additional projects in Melbourne and another in Byron Bay.

[smartcode_project_cta:default project_id=141323]

CASA reveals The McLaren, North Sydney's newest apartment development

The Victorian Government has passed legislation creating a developer-paid Strata Building Bond establishing much needed first level consumer protections for purchasers of new apartments in the state.&nbsp;

Aligned to that legislation the government is progressing new regulation to allow developers to insure those new apartment projects with a 10-year Latent Defects Insurance (LDI) policy, <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Resilience LDI</a>, instead of the traditional Strata Building Bond.

The move is part of a broader strategy to stimulate both supply and demand in the new apartment market. Recent government initiatives include removing stamp duty on new apartments until October 2026 and encouraging increased housing density around 50 key train and tram corridors.

This latest insurance reform is expected to boost buyer confidence in a market that has seen sluggish demand in recent years.

Read more: <a href="https://www.apartments.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Resilience Insurance was the first provider to offer Latent Defects Insurance in Australia, with Sydney developers such as Deicorp, Urban Property Group, and <a href="https://www.urban.com.au/developers/northland-group">Northland Group</a> already taking up the policy.

Corey Nugent, CEO of Resilience Insurance, says the new legislation is a significant step toward rebuilding trust in Victoria’s off the plan property market.

“We work in an industry where buyers are cautious about purchasing off the plan,” Nugent says. “As a country, we need people to feel confident in that buying process. Having a Resilience LDI on a building gives those buyers absolute peace of mind when transacting.”

Nugent says as construction standards and buyer expectations continue to rise, Resilience LDI is becoming a crucial part of the insurance landscape.&nbsp;

“Builders, developers, and property owners need to recognise its unique role in safeguarding against long-term risks. It is not a replacement for other insurances, but a necessary addition that fills critical gaps in coverage.”

Read more:&nbsp;<a href="https://www.apartments.com.au/expert-insights/strata-insurance-vs-latent-defects-insurance-closing-the-coverage-gaps-for-property-stakeholders">Strata Insurance vs Latent Defects Insurance: Closing the coverage gaps for property stakeholders</a>

Resilience has been working closely with the Victorian Government over the past 12 months to help establish a workable framework for the policy’s adoption.

Victoria’s Strata Building Bond scheme, which operates similarly to the same program in NSW, introduced in 2017, requires developers of apartment buildings with four or more storeys to provide a bond equal to two per cent of the total contract price. This bond, held by the Building and Plumbing Commission, is intended to cover the cost of fixing defects found in common areas within a set timeframe after completion.

However, one of the key criticisms of the bond scheme is that it only covers common property—not private areas or structural defects. It also doesn’t address issues related to faulty materials, design, or workmanship.

Latent Defects Insurance, typically costing between 1 and 1.5 per cent of a development’s total build cost, offers far broader protection. As a “first right” policy, it serves as the primary source of financial coverage in the event of structural issues. LDI covers the cost of repairing or replacing components damaged due to defects in design, materials, or workmanship, with a 10-year coverage period beginning from the date of the Occupancy Certificate.

The New South Wales Government has also thrown its support behind Latent Defects Insurance and is expected to announce it will become mandatory in 2028.

Resilience has been working closely with the Victorian Government over the past 12 months to help establish a workable framework for the policy’s adoption.

VIC Government introduces Latent Defects Insurance as alternative to Strata Building Bond

Woolwich

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Olympic rower Bryan Curtin and his wife Minhee are downsizing from their Woolwich home, Eversley, which has been listed with $11 million plus hopes.
Curtin, who rowed for Australia with his brother Richard in the 1972 Munich Games, has been in Woolwich since 1986 when he bought the north-facing waterfront block with private jetty and 12-metre pool for $1.6 million.
McGrath’s Tracey Dixon is seeking offers until March 8 for the 1500 square metre property.
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j.ballantyne1990-6AQqhLzZaK

Former Olympic rower Bryan Curtin lists Woolwich villa Eversley

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A 1972 Woolwich home designed by architect Philip Cox has been sold at $3.25 million.
The design was marketed as showcasing trendy character and flexible interiors when listed with $3.4 million hopes.
Its light filled arrangement including multiple skylights, along with polished timber floors and a working wood fireplace in the heart of Woolwich.
<a href="https://www.realestate.com.au/sold/property-house-nsw-woolwich-127442550" target="_blank">The 14 Gale Street offering</a> was listed through Ward Partners.
It previously sold at $1.49 million in 2009 and $695,000 in 1994.
The Modernish Australia website suggested it "expresses an almost rural-flavoured simplicity".
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1972 Philip Cox-designed Woolwich home sold

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Vailele, one of Sydney's most tightly held riverfront homes, has been sold by the Salter family.
The historic sandstone home in Woolwich, which has only had five owners since its 1892 construction, secured around $23 million.
It last traded for $3 million, when it was 1993's top sale on the North Shore water's edge, and before that in 1979 when bought by abattoir owner Trevor Wadland for $375,000.
It is long remembered as the location of scenes from the Network Ten mini-series, Return to Eden, the 1983 television drama starring Rebecca Gilling, James Reyne and Wendy Hughes.
Steeped in history, the three storey home once hosted Scottish novelist Robert Louis Stevenson as its guest, who lived out some of his later days in the garden cottage while based at Samoa.
Stevenson even gifted two of the heritage palm trees that sit in the garden.
Ken Jacobs at Christie's International was seeking around $24 million to $26 million for the late 19th century sandstone home.
Under its slate roof there's original fireplaces, ornate ceiling roses and stained glass windows along with intricate turned timber posts on the marble tiled verandahs still intact after its two year restoration.
The home's named derives from the Samoan term for 'running water.'  An original sandstone water bubbler and heritage-listed sandstone well have been revived, the latter irrigating the grounds. 
The peninsula's most recent trophy home saw was earlier this year when the actor Cate Blanchett and her playwright husband Andrew Upton sold Bulwarra.
The $18 million sale came after an earlier $19.8 million sale failed to proceed.
The historic 1877-built residence - restored and extended on its 3642 sqm Hunters Hill block - was sold by Christie’s International.
Vailele has eight bedrooms, seven bathrooms, a study, an elegant music room. 
There's an entire floor dedicated to high-tech entertaining, including a home theatre.
Its heritage billiard room comes with cedar-panelled walls, domed ceiling and a bar.
It comes with a 10 car garage at the cul-de-sac location, a 3084 sq m estate on the corner of Gale Street and The Point Road.
With climbing roses, lavender, frangipanis and a vegetable patch, the grounds come with an infinity pool and spa, with lit terraces, verandahs, and a gazebo. 
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Vailele at Woolwich sells for peninsula record

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Vailele, one of Sydney's most tightly held riverfront homes, has been listed for sale by the Salter family.
The historic sandstone home in Woolwich has only had five owners since its 1892 construction. It last traded for $3 million, when it was 1993's top price on the North Shore water's edge, and before that in 1979 when bought by abattoir owner Trevor Wadland for $375,000.
It is long remembered as the location of scenes from the Network Ten mini-series, Return to Eden, the 1983 television drama starring Rebecca Gilling, James Reyne and Wendy Hughes.
Steeped in history, the three storey home once hosted Scottish novelist Robert Louis Stevenson as its guest, who lived out some of his later days in the garden cottage while based at Samoa.
Stevenson even gifted two of the heritage palm trees that sit in the garden.
Ken Jacobs at Christie's International is seeking around $24 million to $26 million for the home which he says offers the most magnificent example of late 19th century sandstone architecture.
Under its slate roof there's original fireplaces, ornate ceiling roses and stained glass windows along with intricate turned timber posts on the marble tiled verandahs still intact after its two year restoration.
The home's named derives from the Samoan term for 'running water.'  An original sandstone water bubbler and heritage-listed sandstone well have been revived, the latter irrigating the grounds. 
The peninsula's most recent trophy home saw was earlier this year when the actor Cate Blanchett and her playwright husband Andrew Upton have sold Bulwarra.
The historic 1877-built residence - restored and extended on its 3642 sqm Hunters Hill block - was sold by Christie’s International.
Vailele has eight bedrooms, seven bathrooms, a study, an elegant music room. 
There's an entire floor dedicated to high-tech entertaining, including a home theatre.
Its heritage billiard room comes with cedar-panelled walls, domed ceiling and a bar.
It comes with a 10 car garage at the cul-de-sac location, a 3084 sq m estate on the corner of Gale Street and The Point Road.
With climbing roses, lavender, frangipanis and a vegetable patch, the grounds come with an infinity pool and spa, with lit terraces, verandahs, and a gazebo. 
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Woolwich trophy home, Vailele's rare return to market

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A Woolwich waterfront that sold for $6.68 million through private treaty after 129 days on market topped CoreLogic's highest sales across the country.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-123703174" target="_blank">1920's Federation home</a> was remastered by architect X.PACE Architects and comprises four bedrooms and four bathrooms across its three levels.
A sun washed terrace that flows from the open plan living area opens to a sun washed terrace overlooking a heated pool.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/Woolwich2.jpg" alt="" width="360" height="270"> 
There's a 450 bottle cellar and an executive study with custom joinery.
It last traded for $4,625,000 in 2010 before its recent sale through McGrath Hunters Hill agent Tracey Dixon and Lee Dowdall.
New South Wales also scored the second highest sale when a <a href="https://www.realestate.com.au/sold/property-house-nsw-tamarama-124575990" target="_blank">contemporary beach house at Tamarama</a> sold for $4,775,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/14/Tamarama1.jpg" alt="" width="338" height="254">
The four bedroom home offers views over Bondi form the whole-floor mater retreat.
All three levels open out to a series of private outdoor living area. There's a heated plunge pool on the ground floor.
Phillips Pantzer Donnelly agent Alexander Phillips and Gavin Lewis sold the home.
Elsewhere across the country, WA secured the third highest sale. A new <a href="https://www.realestate.com.au/sold/property-apartment-wa-cottesloe-118758115" target="_blank">three bedroom Cottesloe apartment</a> fetched $3.35 million.
 
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