Brisbane’s suburban renewal continues to gain momentum with a transformative vision for Alderley, where&nbsp;Darveniza Group is planning to convert an industrial site into a vibrant residential community.

The new project, to be known as&nbsp;<a href="https://www.urban.com.au/new-apartments/station-quarter-78-farrington-street-alderley">Station Quarter</a> on Farrington Street, will put residents adjacent to&nbsp;<a href="https://www.urban.com.au/developments/alderley-qld-4051">Alderley</a> train station. The 17,167 sqm masterplan by Nettletontribe will have seven low to mid-rise apartment buildings, ranging between four and 10 levels, and have around 400 new apartments.

Darveniza Group is led by Queensland richlister Jane Darveniza, the widow of millionaire property developer Bojan Darveniza.

<img alt="Station Quarter Alderley" data-entity-type="file" data-entity-uuid="4f30454c-4781-4ad5-81b1-da2e7f447cdb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Station%20Quarter%20building%20one.png?VersionId=jsW_dHEXIr.wseqsVxyM9T9IpkRJQg8t" />

The precinct will be anchored by a central 1,750 sqm communal open walkway with extensive retail spaces.

The Farrington Street address, opposite Alderley Station with street frontage to Huddart Street, is surrounded by established amenities, including schools, parks, and shops, with direct access to major arterial roads and the Ferny Grove train line.&nbsp;

The masterplan aims to offer diverse housing options to cater to a wide range of residents, including affordable choices that address Brisbane’s growing housing demand.The first stage will comprise two buildings, one with 34 units across a four-level block, the smallest in the development, and 66 units in an eight-level building.

The 100 apartments in this initial phase will range from one to three bedrooms, with a 102 sqm ground-floor space for a café.

<img alt="Alderley" data-entity-type="file" data-entity-uuid="655d1e5c-3951-4d66-81de-13104db77c89" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-30%20at%209.29.20%E2%80%AFAM.png?VersionId=2yXwMWIvdOpkTbG5uyDNt8FsqqbHrPPi" />

The Town Planning Report by Urbis suggested Station Quarter is a "catalyst for Alderley and its evolution as a growth node."

"Station Quarter is set to redefine urban living in Alderley, by transitioning from low impact industry to a dynamic, low-medium density residential community," the report noted.

"Station Quarter is more than just a residential project; it is a commitment to sustainable urban development. By replacing industrial land uses with residential, the project not only meets the immedaite housing needs but also fosters a thriving, connected community within Brisbane's inner 5km radius."

Alderley isn't a suburb often associated with new apartment development. The last time a new project launched was nearly 12 months ago.

Breathe Residences, by&nbsp;joint venture partners&nbsp;<a href="https://www.urban.com.au/developers/capital-prudential">Capital Prudential</a>&nbsp;and the architecturally-driven property developer&nbsp;<a href="https://www.urban.com.au/developers/guavalime">Guavalime</a>, will be just across 800m from Station Quarter.

Joel Robinson

Alderley set for 400-apartment Station Quarter development opposite train station

Pembrook Homes has delivered over 1,000 homes across Melbourne's inner-city suburbs for over two decades.

Their latest pursuit of delivering contemporary, low-maintenance townhouses to family-friendly suburbs has taken them to REservoir, where they've previously completed several boutique developments in recent years.

The new townhouses at <a href="https://www.urban.com.au/new-townhouses/41-home-street-reservoir-41-home-street-reservoir">41 Home Street</a>, a row of just four, sit in the sought-after Oak Hill Estate, one of the most premium pockets in <a href="https://www.urban.com.au/developments/reservoir-vic-3073">Reservoir</a>.

Not subject to owners corp like the majority of townhouse developments, 41 Home Street townhouses are priced between $1,125,000 for the three-bedroom homes, and $1,195,000 for the sole four-bed townhouse.

&nbsp;

[smartcode_project:default project_id=148861 project_image_fid=319809]

The homes feature open-plan layouts that connect the kitchen, dining, and living spaces, leading to private courtyards designed for additional outdoor living.

Kitchens are equipped with 900mm Bosch stainless steel appliances, stone benchtops, and sleek cabinetry, anchored by a kitchen island which forms a versatile additional dining or entertaining space.

[smartcode_project:default project_id=148861 project_image_fid=319811]

Each home also meets a 6-Star NatHERS energy rating, designed to minimise their environmental impact without compromising on quality or comfort.&nbsp;

Landscaping has been thoughtfully planned to enhance privacy and integrate greenery throughout the site.

&nbsp;

[smartcode_project:default project_id=148861 project_image_fid=319808]

The Oak Hill Estate is an attractive area to live in Reservoir because within its small four-kilometre square boundary it has the likes of&nbsp;Darebin Community Sports Stadium, Reservoir Leisure Centre, Summerhill Village Shopping Centre, Broadway Shopping Centre, C.H. Sullivan Memorial Park, C.T. Barling Park, and several schools.

Home Street runs adjacent to Plenty Road where the 86 Tram heads into the city to Docklands or north to Bundoora RMIT.

<a href="https://www.urban.com.au/developers/pembrook-homes">Pembrook Homes</a>, who build all of their own developments, are expecting to complete the townhouses later this year.

[smartcode_project_cta:default project_id=148861]

Pembrook Homes, who build all of their own developments, are expecting to complete the townhouses later this year

Pembrook Homes to bring contemporary townhomes to Reservoir

Transport Oriented Developments have taken a hold of the Sydney development market in recent months, particularly since the opening of the extended Sydney Metro line.

Third.i is building Hume Place above Crows Nest Metro, while Mirvac and John Holland have revealed their future plans for Waterloo Quarter.

<a href="https://www.urban.com.au/developers/holdmark-property-group">Holdmark</a> is the latest to look to the ToD, which the government says "encourages sustainable and mixed-use development around transport and aims to create vibrant and walkable communities."

They have proposed three structures in <a href="https://www.urban.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a>, on a&nbsp;12,720 sqm site at 2-4 Giffnock Avenue, strategically located near the Macquarie Park Metro station, Macquarie Centre, and Macquarie University.&nbsp;

The proposal includes just under 600 apartments, with 10 per cent allocated as affordable housing.

The development will also incorporate retail spaces, including a supermarket, and essential infrastructure such as open space and road networks.

<img alt="2-4 Giffnock Avenue Macquarie Park" data-entity-type="file" data-entity-uuid="aa573be2-ab30-4736-ad7e-6aa918ebdc51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site.png?VersionId=C1kfLHjpR1WHsWB043K2Enx59vV_YBXd" />

The site has been rezoned to allow for mixed-use development, with a maximum incentive height of 130 meters.

The development plan includes two slender residential towers and a smaller building above a shared podium. It aims to deliver a built form that reflects the evolving urban character of Macquarie Park while providing active ground-level uses and green spaces.

"Holdmark's proposal aligns with the precinct's goals of creating walkable, vibrant neighbourhoods with enhanced connectivity," the State Significant Development Application noted.

Studio SC, formerly Scott Carver, has handled the preliminary designs for the towers.

<img alt="Holdmark" data-entity-type="file" data-entity-uuid="158b54d2-872a-477e-92af-85f7af31beeb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-29%20at%208.04.45%E2%80%AFAM.png?VersionId=ZG.PM2H0GjFOGi4rmBm1fLih11q0JCIO" />

The precinct is one of six accelerated housing areas designated by the Department of Planning, Housing and Infrastructure, aiming to boost housing supply near major transport hubs while retaining job opportunities and improving public amenities.

"NSW needs more housing supply," the NSW Government says.

"We have a once-in-a-lifetime chance to shape the Six Cities Region’s city planning around Sydney’s new world-class metro system and leverage existing rail stations to serve generations to come.

"By building more housing near the metro and rail stations, we can enable more people to live close to transport, jobs, services, night life and amenities.

"The Transport Oriented Development (TOD) Program will create sustainable and connected cities now and for future generations."

The proposal includes just under 600 apartments, with 10 per cent allocated as affordable housing

First look: Holdmark submits Sydney's latest Transport Oriented Development at Macquarie Park	

Boutique townhouse developer,&nbsp;<a href="https://www.urban.com.au/developers/sloane-property">Sloane</a>, is accepting deposits of just five per cent at its under-construction Brighton townhouse development, 111 Carpenter.

The lower deposit, plus significant stamp duty savings since the government <a href="https://www.urban.com.au/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">abolished stamp duty in October 2024 for 12 months</a>, aims to provide greater accessibility to purchasers seeking larger homes in one of Melbourne's most sought-after suburbs.

Located on Carpenter Street, the project comprises just seven townhomes designed by award-winning architecture firm Megowan, who has a deep understanding of the area and its lifestyle demands. Megowan has designed several successful projects for Sloane across Melbourne.

[smartcode_project:default project_id=7517 project_image_fid=214118]

Each townhouse has been crafted to maximise the northern exposure of the site, with key living spaces oriented to optimise passive solar gain and cross-ventilation.&nbsp;

The two and three-level townhouses, under construction with multi-award winning builder Virgon Constructions, offers three to four-bedroom configurations with north-facing open plan living areas and private courtyards designed by <a href="https://www.urban.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.

Sloane Managing Director, Adam Sloane, highlighted the location as a major drawcard, citing <a href="https://www.urban.com.au/developments/brighton-vic-3186">Brighton</a>’s combination of beachside living, parks, cafes, retail, and highly regarded schools.&nbsp;

With the project situated amongst tree-lined streets and close to shops and public transport,&nbsp;Sloane noted that the development provides an ideal base for families wanting a low-maintenance yet spacious home in the Bayside area.

[smartcode_project:default project_id=7517 project_image_fid=218198]

While apartments in the area cater largely to downsizers and Brighton's grand mansions suit families seeking large-scale homes, Brighton has had a lack of new townhouse development in recent years, a dwelling type designed to bridge the gap between apartment and house-sized living.

The projects is weeks away from lock-up and is on track to complete in late 2025.

[smartcode_project_cta:default project_id=7517]

Sloane is closing in on lock up stage and are on track to complete in late 2025

5% deposit offer - Buy into Brighton's affluent property market with 111 Carpenter townhomes

Australia’s first four-tower vertical stair climb challenge is set to debut in 2025, with Towers 4 Change aiming to raise over $400,000 – or $100,000 per tower – at Far East Consortium's West Side Place precinct in the Melbourne CBD.

As Australia’s largest stair climb charity event, and with the highest tower exceeding 80 levels and 1400 stairs, Towers 4 Change not only offers a physical challenge but also provides a powerful way for individuals and groups to ‘Step Up For Charity’ and raise money to support a charity that they connect with.

Each of the four towers at <a href="https://www.urban.com.au/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> will be dedicated to raising much-needed funds for a different and deserving cause, including building homes for women and children escaping family violence, supporting those living with life-altering conditions, and vital medical research.

<ul>
	<li>Tower 1: Ovarian Cancer Research Foundation</li>
	<li>Tower 2: Friedreich Ataxia Research Association (fara Australia)</li>
	<li>Tower 3: Good Friday Appeal</li>
	<li>Tower 4: The Victorian Homeless Fund</li>
</ul>

<img alt="West Side Place" data-entity-type="file" data-entity-uuid="f1443c90-8098-433a-9c7c-5e7251502425" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/West%20Side%20Place%20Towers.jpg?VersionId=hL563J70gxDdhXbtDWtu_ZG9cKDjTT2A" />

Lauren Sheldon, Director of Marketing and Sales at <a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>, said the developer is excited to contribute to Melbourne’s vibrant event scene and raise awareness for these worthy causes.

"This four-tower climb exemplifies our commitment to fostering a vibrant community. By bringing people together for this unique event, we aim to benefit everyone involved, from residents to participants and beyond,” Sheldon said.

EVENT DETAILS 
What | Towers 4 Change 
Where | West Side Place, 250 Spencer Street, Melbourne, VIC 3000 Date | Sunday 30th March 2025 
Time | 7am – 1pm

<h2>ABOUT THE CHARITY PARTNERS</h2>

<h2>Good Friday Appeal</h2>

Since 1931, the Good Friday Appeal has been dedicated to fundraising for The Royal Children’s Hospital so that it can continue to provide world-class care for children in Victoria and beyond. Funds from the Good Friday Appeal go towards ground-breaking research, state-of-the-art equipment and technology, education and family-centred care programs. GFA funds over 28 different projects each year - some are across multiple years, others one-off purchases.

“We are thrilled to be selected as a charity partner for the West Side Place Towers 4 Change, a unique and challenging event," Rebecca Cowan, Executive Director of the Good Friday Appeal, said.

"These funds will have a profound impact on funding state-of-the-art equipment, research, training, and patient- and family-centred care programs to continue the world-class care provided by The Royal Children's Hospital."

<h2>Friedreich Ataxia Research Association (fara Australia)</h2>

fara raises funds for research into treatments and a cure for Friedreich Ataxia (FA). FA is a rare genetic and progressive neuro-muscular disorder that is typically diagnosed in children or teens. It leads to loss of muscle coordination, fatigue, vision impairment, hearing loss, slurred speech, and then a serious heart condition which in many cases turns fatal by the mid-thirties. One in every 30,000 in Australia is affected. One in 90 people are carriers. There is currently no cure and no approved treatment in Australia.

Brad Hyde, Chief Executive Officer of fara Australia, says&nbsp;Friedreich Ataxia robs you of muscle strength, mobility and the ability to do even the everyday things we might take for granted.

"At fara, we are a small, rare disease charity with no government funding, raising funds for FA medical research. Being a partner of West Side Place Towers 4 Change will deliver the single greatest boost to awareness and fundraising beyond our own community. Every step climbers take will Lend Some Muscle to those living with FA and get us closer to finding that cure.”

<h2>Ovarian Cancer Research Foundation</h2>

The Ovarian Cancer Research Foundation (OCRF) supports vital research across the country that will help better detect, treat and prevent ovarian cancer. The OCRF is Australia’s largest independent funder of ovarian cancer medical research. Ovarian cancer is the most lethal women’s cancer with a five-year survival rate that has barely changed in decades, languishing at under 50 per cent. Addressing health disparity and funding inequity in cancer research is fundamental to achieving higher survival rates for ovarian cancer.

“West Side Place Towers 4 Change is a great new event that symbolises the heights we can achieve when we unite together for a cause, " Ovarian Cancer Research Foundation CEO&nbsp;Robin Penty says.

"Every step up, and every dollar raised, will directly support our vision of a healthy future for those impacted by ovarian cancer. This challenge is a powerful statement of hope, resilience, and the belief that each of us can make a difference. We are deeply grateful to the climbers and supporters helping OCRF achieve a step-change for women’s cancers, both figuratively and literally!"

<h2>The Victorian Homeless Fund</h2>

The Victorian Homeless Fund (VHF) is a Melbourne-based charity committed to providing safe and stable long-term housing for women and children escaping family violence. By building homes on unused residential land, the VHF offers families a fresh start and the opportunity to rebuild their lives. At its core, the VHF believes that everyone deserves a safe place to call home.

 
Colleen May, Victorian Homeless Fund Chair, says domestic violence is the single biggest cause of homelessness in Australia, and it's such a&nbsp;significant problem, it can't be solved by one group.

"If individually we all give a little, then collectively, we can change people’s lives. Every home we build is about extending a helping hand to those most in need, and providing a family with more than just a home—they gain hope and a future."

[smartcode_project_cta:default project_id=1270]

Annual property capital gain back to April 2014 highs: CoreLogic RP Data

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