Stockland gets back into the new apartment market
National property developer Stockland is back in the new apartment market.
The development, who has focused predominantly on house and land and masterplanned communities in recent years, has announced a return to the high-density, apartment and mixed-use market.
It will soon launch Stanton Place in Rosebery, 144 one, two and three-bedroom apartments, terraces and skyhomes across three buildings on Dunning Avenue. It will have a central landscaped courtyard with BBQ facilities, as well as multi-purpose facilities for residents, a café space and public art installation along a curated laneway experience.
Stockland Executive General Manager, Apartments, Ben Christie, said Stockland’s expertise and experience in creating connected communities meant it was well positioned to reimagine the concept of the urban neighbourhood.
“Urban renewal is about the evolution of our cities, and our apartments vision is to create the next generation of urban living, where design combined with curated community improves quality of life," Christie said.
"Given people remain at the heart of our cities we need to deliver vibrant and liveable urban communities that foster the connection between people and place. Diversity is key to cultivating vibrancy in urban precincts. Expert city building fosters greater diversity and provides choice, opportunity and accessibility to all members of the community."
Christie says their apartment-led, mixed-use projects will provide large-scale quality housing in preferred locations, accessible to jobs, transport, education, amenities and services, giving individuals and families the opportunity to thrive.
Christie said the medium-term outlook for the apartment market was positive, underpinned by strong fundamentals.
“We expect the apartment sector to be the beneficiary of tailwinds in replacement cost pressure, a compelling house to apartment price premium, and a material undersupply of apartments over the medium term, underpinning our intention to target pipeline growth in major urban centres."
