Brisbane's ever-consistent unit market continues to live up to its reputation.

Unit values grew by 0.5 per cent in April, according to the Home Value Index by Cotality (formerly CoreLogic), making it the best-performing capital city unit market behind only Perth (0.6 per cent).

The April gains follow 0.7 per cent growth in both February and March.

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

Increased demand from interstate migration and a lack of new supply have combined to drive up unit values in Brisbane in recent years. And with the 2032 Brisbane Olympics still seven years away, there’s still plenty of growth potential in the Queensland capital.

<h2>What happened in Brisbane’s off the plan apartment market in April?</h2>

The majority of activity in Brisbane's off the plan apartment market in April came from three of the state's most prominent developers.

<a href="https://www.urban.com.au/developers/sekisui-house-australia" target="">Sekisui House Australia</a> released the final building in West Village, their $1.2 billion, multi-award winning West End masterplan they have been developing since 2016.

[smartcode_project:default project_id=134800 project_image_fid=341714]

The final building, Callista on Park, will home 96 apartments across a 14-level building designed by Rothelowman.

The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.&nbsp;

[smartcode_project:default project_id=134800 project_image_fid=341715]e

A standout feature is the rooftop retreat, complete with a pool, spa, BBQs, chef’s kitchen, and residents’ lounge, all set within lush landscaped gardens.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-inside-west-villages-crowning-glory-callista-on-park">First look inside West Village’s crowning glory, Callista on Park</a>

<a href="https://www.urban.com.au/developers/gardner-vaughan-group" target="">Gardner Vaughan Group</a>, one of the biggest contributors to housing supply across South East Queensland, broke ground at its new Nundah development,&nbsp;<a href="https://www.urban.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a>.

The mixed-use development will deliver 84 apartments above a vibrant retail and commercial ground floor. GVG, who has been based in Nundah for the past decade, will relocate their HQ to one of the commercial spaces in the development.

[smartcode_project:default project_id=112531 project_image_fid=320114]

The 12-level building will feature resort-style amenities like a pool, rooftop terrace, gym, and function room with sweeping city views.

GVG Commercial Director, Sam Gardner, said Danby Lane represents GVG's&nbsp;commitment to delivering places with purposes, designed for real people living real lives right here in&nbsp;<a href="https://www.urban.com.au/developments/nundah-qld-4012" target="">Nundah</a>.

"As a long-standing, family-owned builder and developer based in&nbsp;<a href="https://www.urban.com.au/developments/nundah-qld-4012" target="">Nundah</a>, we are committed to keeping our neighbours and surrounding residents informed of every step relating to the build of Danby Lane. Transparency and open communication are key to delivering a project that respects and enhances the community we’re proud to be part of.”

GVG expects to complete Danby Lane in 2027.

Read more: <a href="https://www.urban.com.au/news/qld/gardner-vaughan-kicks-off-construction-at-danby-lane-nundah">Gardner Vaughan kicks off construction at Danby Lane, Nundah</a>

April also saw&nbsp;<a href="https://www.urban.com.au/developers/shayher-group">Shayher Group</a>, the developer behind the multi-stage redevelopment of the Bulimba Barracks site, file news plans in&nbsp;<a href="https://www.urban.com.au/developments/indooroopilly-qld-4068" target="">Indooroopilly</a>.

They've sought to develop two low-rise buildings, Parkview and Riverview, at 34 Jacaranda Place, next door to their completed Long Pocket townhouse development.

<img alt="First look: Shayher Group reveals next Indooroopilly stage" 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/Screenshot%202025-04-28%20at%201.22.19%E2%80%AFPM.png?VersionId=2xSCYvErdfKFwWFe7gE1wF9IiXy2xIdq" />

The two buildings will home a combined 76 two and three-bedroom apartments. Each building will have rooftop amenities, with Riverview offering an infinity pool, and Parkview featuring a yoga lawn and lounge area.

The site has already received general support from Brisbane City Council, with only minor design refinements suggested to reduce building bulk.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-shayher-group-reveals-next-indooroopilly-stage">Shayher Group reveals next Indooroopilly stage</a>

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

Joel Robinson

City Beat April 2025: Brisbane unit market continues growth cycle

It’s been 15 long years since the former Balmain Leagues Club was open to the public.

The large 7,330 sqm Victoria Road site has grown progressively more derelict since the doors to the former club shut back in 2010.

It’s been seven years since the first redevelopment was mooted, and following a recent change in ownership, the former club is now set to become the hub of Rozelle once again.

&nbsp;

[smartcode_project:default project_id=8142 project_image_fid=347020]

Sydney developer PERIFA has taken the development reins, securing the site from former landowner Heworth.

PERIFA is part of the Versatile Group of companies, which counts construction firm Versatile Construction among its businesses. They’re set to bring something completely different to what has come before on the Balmain Peninsula.

<a href="https://www.urban.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is being delivered in partnership with Mitsubishi Estate Asia and will become the go-to destination in the area for both residents and locals. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket — a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

[smartcode_project:default project_id=8142 project_image_fid=347021]

Fabrizio Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, says the project marks a pivotal moment for Rozelle and the Balmain Peninsula.

“Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike," Perilli says.

"It will be a major meeting place for the community, that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

[smartcode_project_cta:default project_id=8142]

Rozelle Village is being delivered in partnership with Mitsubishi Estate Asia, Rozelle Village and will become the go-to destination in the area for both its residents and locals

PERIFA to create new inner west hub as buyers get first chance to buy at Rozelle Village

The tide has well and truly turned in the Melbourne property market—and this time, it’s all about units.

After an extended period of underperformance, where most other capital cities experienced strong property price growth, Melbourne lagged behind. While the declines were modest—house values fell by -2.1 per cent in 2024 and unit values dropped by -3.2 per cent — the city’s flat performance puzzled many of those in the industry.

But the momentum is shifting.

<img alt="Melbourne" data-entity-type="file" data-entity-uuid="492a189c-a93c-4d9d-aa18-666eb2776200" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-07%20at%2011.14.41%E2%80%AFAM.png?VersionId=9zbkdgkGJAL1S2.5MFvDVHWHhjpTbtev" />

&nbsp;

A cash rate cut in February has helped restore confidence, and Melbourne’s relative affordability has become a key attraction. Having slipped to sixth place in capital city affordability rankings—now trailing Brisbane, Perth, and Adelaide—buyers and investors alike are beginning to view Melbourne as excellent value.

According to the Home Value Index by Cotality (formerly CoreLogic), unit values rose 0.4 per cenr in April, building on gains of 0.4 per cent in March and 0.2 per cent in February. Units are currently outperforming houses, which recorded a more modest 0.1 per cent increase in April.

Melbourne’s median unit value now sits at $610,000.

With further interest rate cuts on the horizon, many analysts believe Melbourne’s property market is poised for steady growth in the medium to long term as it begins to catch up with other capital cities.

<h2>What happened in Melbourne’s off the plan apartment market in April?</h2>

The renewed interest in Melbourne's unit market has spurred on developers in the off the plan apartment space.

Design-focused developer <a href="https://www.urban.com.au/developers/milieu-property">Milieu</a> appointed <a href="https://www.urban.com.au/builders/brady-constructions" target="">Brady Constructions</a> to deliver the first stage of its <a href="https://www.urban.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> neighbourhood — a rare garden-integrated apartment community on the former ABC Studios site on Gordon Street.

[smartcode_project:default project_id=136535 project_image_fid=288419]

Brady will begin excavation on the large 11,740 sqm site, which neighbours the heritage-listed Rippon Lea Estate and its historic gardens, in the coming months.

Milieu has worked closely with <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>, <a href="https://www.urban.com.au/interior-designers/kpdo-architecture-interior-design">K.P.D.O.</a>, and <a href="https://www.urban.com.au/landscape-architect/oculus">Oculus</a> to design buildings that integrate directly with the neighbouring gardens. Residents will have private access to the heritage grounds, which will also be maintained by Rippon Lea’s gardeners.

[smartcode_project:default project_id=136535 project_image_fid=288414]

The fossil fuel-free apartments will feature renewable energy sources, EV charging, and water harvesting, as well as on-site wellness and hospitality offerings.

Milieu's Managing Director, Michael McCormack, called it a “once-in-a-lifetime project… immersed in nature with a truly unique community.”

Read more: <a href="https://www.urban.com.au/news/vic/milieu-appoints-builder-for-elsternwick-gardens-neighbourhood">Milieu appoints builder for Elsternwick Gardens neighbourhood</a>

April saw the rare launch of a new apartment development—something that has been few and far between in Melbourne over the past 12 months. Even more notable, the project is located in the heart of Balwyn Village.

[smartcode_project:default project_id=136850 project_image_fid=343580]

Supermarket giant Coles has teamed up with&nbsp;developer Dimas Property Group for&nbsp;<a href="https://www.urban.com.au/new-apartments/white-weston-balwyn-village-259-281-whitehorse-road-balwyn-vic-3103">White &amp; Weston</a>—a boutique apartment project above a full-line Coles supermarket on Whitehorse Road.

Designed by <a href="https://www.urban.com.au/architects/cera-stribley-architects">Cera Stribley</a> with landscaping by&nbsp;<a href="https://www.urban.com.au/landscape-architect/jack-merlo">Jack Merlo</a>,&nbsp;White &amp; Weston comprises just 45 two, three and four-bedroom residences in a three-level building.&nbsp; Residents will enjoy views over Balwyn Park and energy-efficient designs aligned with Sustainability Victoria’s Whole of Home Initiative.

[smartcode_project:default project_id=136850 project_image_fid=343582]

With rooftop gardens, Miele appliances, Signorino stone finishes, and private outdoor spaces, the project targets empty nesters, professional singles, and young couples seeking convenience, luxury, and green living.

Read more: <a href="https://www.urban.com.au/news/vic/coles-and-dimas-property-group-launch-white-weston-in-balwyn-village">Coles and Dimas Property Group launch White &amp; Weston in Balwyn Village</a>

[smartcode_project:default project_id=136850 project_image_fid=343594]

<a href="https://www.urban.com.au/developers/sunkin-property-group">Sunkin</a> took another major step in its ambitious <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> masterplan in April, topping out one of the latest buildings in the new 9.3-hectare community next to Highett Station.

They will be welcoming residents in around six months time to the North Lane building. At the same time the first building is completed, so will the brand new one-hectare park.

[smartcode_project:default project_id=108019 project_image_fid=300041]

The Townhomes Collection and Mews Collection are also progressing, with basement works for the latter already underway.&nbsp;Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by Coco Republic, offering added value for early buyers.

Read more: <a href="https://www.urban.com.au/news/vic/sunkin-tops-out-next-highett-common-building-as-move-in-date-approaches">Sunkin tops out next Highett Common building as move-in date approaches</a>

[smartcode_project:default project_id=108019 project_image_fid=300049]

April marked the completion of one of most unique new developments to ever be delivered in Australia.

In a national first, <a href="https://www.urban.com.au/developers/c-street-projects">C. Street Projects</a> completed Australia’s first certified Passivhaus homes in <a href="Hawthorn">Hawthorn</a>—a trio of three-bedroom townhomes designed to be continuously ventilated with fresh, filtered air, significantly reducing allergens and pollutants in the home.

The turnkey homes maintain a year-round temperature of 23 degrees while using 70 per cent less energy than typical Victorian homes. With triple-glazed windows, straw panel insulation, EV chargers, solar, and battery storage, the homes operate at net zero energy and represent the new benchmark for sustainable living.

[smartcode_project:default project_id=112386 project_image_fid=338630]

Kin Seng Choo and Michael Robertson, the duo behind C. Street Projects, have spent the last five years developing a method and design approach to scaling certified Passivhaus projects suited to the unique challenges of Australian conditions.

“Australians should have access to sustainable homes built to global best practice," Choo says.

"Turnkey homes certified to the Passivhaus standard provide that independent verification and surety of quality."

<a href="https://www.urban.com.au/project-marketer/jellis-craig-projects">Jellis Craig</a>&nbsp;Projects Director, Stephen Bowtell, is marketing ECHO Hawthorn.

Read more: <a href="https://www.urban.com.au/news/vic/first-certified-passivhaus-homes-in-australia-complete-in-hawthorn">First certified Passivhaus homes in Australia complete in Hawthorn</a>

According to the Home Value Index by Cotality (formerly CoreLogic), unit values rose 0.4 per cenr in April, building on gains of 0.4 per cent in March and 0.2 per cent in February

City Beat April 2025: It's official, Melbourne is back

Sydney’s residential property market continues to tell a story of two very different sectors.

As the market rebounds, house values are pulling further ahead of unit prices—April was no exception.

According to the Home Value Index from Cotality (formerly CoreLogic), house values rose by 0.4 per cent in April, while unit values declined by -0.4 per cent. Over the rolling quarter, houses are up 1.4 per cent, but units have fallen by -0.4 per cent.

Sydney’s median house value now sits at $1,474,000, compared to $854,000 for units—a $620,000 difference.

This widening gap underscores the ongoing affordability advantage of units for buyers priced out of the house market, particularly in a city where overall property values remain among the highest in the country.

&nbsp;

<h2>What happened in Sydney’s off the plan apartment market in April?</h2>

The increasing cost of housing in Sydney is giving developers every opportunity to bring projects to market and secure prices that will allow them to move to the construction phase of the project.

Developers are certainly having to look for new ways to bring something more to their projects above the ordinary, ensuring they're delivering a considerably better place to live than buying into an established building.

No doubt renowned builder-developer DASCO has done so at its recently launched&nbsp;<a href="https://www.urban.com.au/new-apartments/danks-st-district-waterloo-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a> in <a href="https://www.urban.com.au/developments/waterloo-nsw-2017">Waterloo</a>. They have a fairly unrepeatable 1.7-hectare block in the middle of the inner-city suburb where they are to create a large mixed-use development with 373 new apartments above a retail and dining precincts.

&nbsp;

[smartcode_project:default project_id=111820 project_image_fid=344699]

The first stage that buyers have jumped at is Bourke Street Residences, a sculputlra building designed by&nbsp;<a href="https://www.urban.com.au/architects/mhn-design-union">MHNDU</a> and <a href="https://www.urban.com.au/architects/fieldwork">Fieldwork</a>.

&nbsp;

The building will feature rooftop gardens, BBQ areas, an outdoor gym, and a soundproof music room.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

[smartcode_project:default project_id=111820 project_image_fid=346377]

DASCO has also taken out the sought-after Latent Defects Insurance from Resilience Insurance.&nbsp;The insurance, which can only be taken out by the developer and not the property owner, protects homeowners from major structural or waterproofing faults for 10 years post-completion.

&nbsp;

Read more: <a href="https://www.urban.com.au/news/nsw/dasco-launches-game-changing-new-waterloo-precinct-danks-st-district">DASCO launches game-changing new Waterloo precinct, Danks St District</a>

[smartcode_project:default project_id=111820 project_image_fid=344704]

Another builder-developer who has created something unrepeatable is <a href="https://www.urban.com.au/developers/toga-group">TOGA</a>, who is selling the final homes at its transformative inner-city development, <a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>.

Surry Hills Village, or SHV, on the border of Surry Hills and Redfern just off Crown and Cleveland Streets, has received much fanfare since it completed late last year, namely due to its hospitality precinct, Wunderlich Lane, one of the hottest spots in Sydney.

[smartcode_project:default project_id=9302 project_image_fid=342091]

The final homes for sale in the sought-after development are the Marriott Street Terraces. There are only three, individually-designed terraces left which have three bedrooms, sculptural kitchens with Sub-Zero and Wolf appliances and a wine bar, outdoor spaces primed for entertaining, and a car space, a rarity for terraces in the inner-city.

Read more: <a href="https://www.urban.com.au/news/nsw/first-look-last-chance-at-surry-hills-village-as-toga-launches-luxury-terrace-collection">Last chance at Surry Hills Village as TOGA launches luxury terrace collection</a>

[smartcode_project:default project_id=9302 project_image_fid=342101]

Masterplanned developer <a href="https://www.urban.com.au/developers/sekisui-house-australia" target="">Sekisui House Australia</a>, who is creating communities in previously underutilized areas across Greater Sydney, released the Skyhome Collection at Willow, the latest stage of their $2 billion Sanctuary masterplan at&nbsp;<a href="https://www.urban.com.au/developments/wentworth-point-nsw-2127" target="">Wentworth Point</a>.

Designed by <a href="https://www.urban.com.au/architects/turner-studio">TURNER</a>, the homes feature floor-to-ceiling glass, expansive balconies, and curved bronze-toned screens that reflect the form of the Parramatta River. Prices range from $810,000 to $4.5 million, with each apartment designed for light, space, and uninterrupted views of the river, CBD, and Blue Mountains.

[smartcode_project:default project_id=6969 project_image_fid=228751]

&nbsp;

Sanctuary is evolving into one of Sydney’s most connected waterfront precincts, with buyers drawn by access to ferry services, parklands, and future light rail.

Read more: <a href="https://www.urban.com.au/news/nsw/sekisui-house-australia-launches-willow-skyhome-collection-in-2-billion-sanctuary-masterplan-in-wentworth-point">Sekisui House launches Willow Skyhome Collection in $2 billion Sanctuary masterplan</a>

North of the Bridge, April saw&nbsp;<a href="https://www.urban.com.au/developers/coronation-property" target="">Coronation Property</a>&nbsp;break ground on its $250 million <a href="https://www.urban.com.au/developments/chatswood-nsw-2067" target="">Chatswood</a> project, a 32-level mixed-use development on Archer Street.

[smartcode_project:default project_id=29796 project_image_fid=267349]

The project, designed by <a href="https://www.urban.com.au/architects/woods-bagot">Woods Bagot</a>, will deliver over 150 apartments, along with 2,500 sqm of retail and commercial space, wellness amenities, and a restored heritage building.

Recognised as a State Significant Development, the project will generate up to 400 jobs and be a key contributor to Chatswood’s transformation into a vibrant residential and retail hub.

Read more: <a href="https://www.urban.com.au/news/nsw/coronation-property-group-breaks-ground-at-new-chatswood-apartment-development">Coronation Property Group breaks ground at new Chatswood apartment development</a>

In April, another builder-developer, <a href="https://www.urban.com.au/developers/scion">Scion</a>, started welcoming buyers to Sterling, their 50-apartment development in <a href="https://www.urban.com.au/developments/lane-cove-north-nsw-2066">Lane Cove North</a>.

Originally started by a different developer, Scion stepped in mid-build, assured by the project’s Latent Defects Insurance and robust independent inspections.

[smartcode_project:default project_id=136108 project_image_fid=303415]

Sterling includes one, two, and three-bedroom residences, designed to reflect Lane Cove’s natural surrounds.

Read more: <a href="https://www.urban.com.au/news/nsw/buyers-to-move-into-lane-cove-norths-first-ldi-protected-apartment-development-as-scion-wraps-up-sterling-construction">Buyers to move into Lane Cove North's first LDI-protected apartment development</a>

City Beat April 2025: Sydney developers going above and beyond as house values continue upward trajectory

Gold Coast developer <a href="https://www.urban.com.au/developers/alroe-constructions">Alroe</a> is approaching a full sellout at The Finn, its premium boutique development in Mermaid Beach.

Six of the eight apartments in the Albatross Avenue development have sold, predominantly to local downsizers. The final two villas are now for sale.

The remaining villas – priced from $3 million – include a ground-floor residence, Villa 1, which will be marketed through a standard expressions of interest campaign, and an upper-level residence, Villa 6, which will be open for inspection from April 19 ahead of a scheduled auction event on May 8.

[smartcode_project:default project_id=113112 project_image_fid=347272]

There have been more than $23.5 million worth of sales in The Finn, something&nbsp;Tye Alroe, CEO of Alroe, says reflects a broader market shift as long-time homeowners in central Gold Coast suburbs look to capitalise on capital growth and secure luxury homes with less maintenance, without compromising on lifestyle.

“We’re seeing a continued push from established locals who are selling large family homes and opting for a premium residence in familiar, well-connected locations,” Alroe said.

“The Finn meets that need – it’s low-density, design-led, and offers the level of sophistication buyers expect when downsizing from multimillion-dollar homes.”

Sales have averaged close to $4 million, underlining sustained demand in the top end of the market.

“This is a segment that’s growing rapidly – equity-rich locals, including downsizers and professionals, want space, style and proximity to lifestyle amenities without moving into high-rise buildings," Alroe added.

“Our strategy has always been to deliver premium boutique residences in blue-chip locations that offer lasting value, and The Finn is a direct result of that focus.”

[smartcode_project:default project_id=113112 project_image_fid=347271]

Positioned just metres from Hedges Avenue and within walking distance of the beach, The Finn features eight architecturally designed villas ranging in size from 214 sqm to 390 sqm.

Each residence includes expansive three-bedroom layouts, private pools or rooftop terraces, and curated landscaping to enhance privacy and liveability. The design draws on coastal-inspired materials and finishes, including Venetian render, 
travertine stone, large-format floor plans, and three-metre ceilings.

Each residence also includes dedicated home offices, private garages, and multiple living zones tailored for owner-occupiers.

With new luxury townhouse supply in central locations remaining limited, The Finn has resonated with a niche yet deep buyer pool – primarily local, equity-rich, and intent on staying close to family and familiar lifestyle precincts.

The project follows the success of <a href="https://www.urban.com.au/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Alroe’s Lune at Main Beach</a> and continues the developer’s strategy of delivering boutique residential offerings in high-demand coastal suburbs.

Rate cut to boost employment and economic growth: CommSec's Ryan Felsman

Staff reporter

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