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Blackett in the outer west is the Sydney suburb with the highest rental yields for houses, according to information provided by RP Data.
The suburb has a median rental yield of 7.02% for houses with a median weekly rent of $310 and a median house price of $229,500.
The suburb is followed by neighbouring Willmot, at 6.96% with a median weekly rent of $300 and a median price of $224,250.
In fact all the suburbs in the top 10 are within a five-kilometre radius.
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<td height="20" width="135">Suburb</td>
<td width="104">Median Price</td>
<td width="110">Rental Median</td>
<td width="133">Median Rental Yield</td>
</tr>
<tr height="20">
<td height="20" width="135"><a target="_blank" href="/news">BLACKETT</a></td>
<td width="104">$229,500</td>
<td width="110">$310</td>
<td width="133">7.02%</td>
</tr>
<tr height="20">
<td height="20" width="135"><a target="_blank" href="/news">WILLMOT</a></td>
<td width="104">$224,250</td>
<td width="110">$300</td>
<td width="133">6.96%</td>
</tr>
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<td height="20" width="135"><a target="_blank" href="/news">TREGEAR</a></td>
<td width="104">$227,000</td>
<td width="110">$303</td>
<td width="133">6.93%</td>
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<td height="20" width="135"><a target="_blank" href="/news">LETHBRIDGE PARK</a></td>
<td width="104">$229,500</td>
<td width="110">$300</td>
<td width="133">6.80%</td>
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<td height="20" width="135"><a target="_blank" href="/news">EMERTON</a></td>
<td width="104">$251,500</td>
<td width="110">$328</td>
<td width="133">6.77%</td>
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<td height="20" width="135"><a target="_blank" href="/news">WHALAN</a></td>
<td width="104">$247,250</td>
<td width="110">$320</td>
<td width="133">6.73%</td>
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<td height="20" width="135"><a target="_blank" href="/news">BIDWILL</a></td>
<td width="104">$250,000</td>
<td width="110">$310</td>
<td width="133">6.45%</td>
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<td height="20"><a target="_blank" href="/news">HEBERSHAM</a></td>
<td style="text-align: justify;" align="right">$270,000</td>
<td width="110">$330</td>
<td style="text-align: justify;" align="right">6.36%</td>
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<td height="20"><a target="_blank" href="/news">SHALVEY</a></td>
<td style="text-align: justify;" align="right">$257,974</td>
<td style="text-align: justify;" align="right">$320</td>
<td style="text-align: justify;" align="right">6.28%</td>
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<td height="20"><a target="_blank" href="/news">DHARRUK</a></td>
<td style="text-align: justify;" align="right">$293,426</td>
<td style="text-align: justify;" align="right">$340</td>
<td style="text-align: justify;" align="right">6.19%</td>
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Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a> 
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awalsh-7Ub9EypybQ

The 10 Sydney suburbs with the highest yields for houses are within five kilometres of each other

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Three hotels straddling the glittering lights of Kings Cross have been listed for sale - the Mercure Hotel, the D*Lux and the Diamant Hotel.
Property Group Australand will again try to sell its $70 million <a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-potts+point-500465999">Mercure Hotel, formerly known as the Crest Hotel</a> (pictured below), near Kings Cross station.
<img src="/images/stories/2012/10/cresthotel.jpg">
The group has enlisted Jones Lang LaSalle Hotels agents Mark Durran and John Musca to sell the hotel, which includes gaming pub on the ground floor.
The building is being offered in one line or as different stratas.
The decision to sell the trophy property “in the not too distant future” was raised in Australand's July results, with the group saying the hotel was not core to its portfolio, though it was performing well.
The Crest Hotel comes with some interesting associations, including links to the recent the death of Michael McGurk.
In 2007, Australand bought the hotel for $63 million from Coogee Bay Hotel owner Chris Cheung. Cheung had bought the hotel from developers Allen Linz and Eduard Litver. After closing the sale, Australand announced plans to convert the building into a series of apartments, waiting for the market to improve.
Australand never saw those plans through, but in 2009 the group came close to selling the building for $72 million to developer Michael Sanchez, whose Benchmark Group planned to do the conversion.
Sanchez narrowly pipped the cash-strapped Michael McGurk, who desperately tried to negotiate a deal to have the syndicate he represented buy the property for $70 million. He died shortly afterwards.
Both deals eventually fell through but the conversion plans were never scrapped, with Australand coming close to developing the building 2010.
Way back in 1992, a Korean developer bought the hotel for $23.8 million.
 
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Meanwhile the nearby<a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-potts+point-500433575"> D*Lux Budget Hotel</a> (pictured below next to the Empire building) has been listed for sale also by Jones Lang LaSalle.
<img src="/images/stories/2012/10/dluxhotel.jpg">
Currently run as a budget hotel with beds starting from $22 a night, it is being offered as vacant possession.
At 30 Darlinghurst Road, the building is a near entreprenuer David Kingston’s significant holdings.
The hotel is currently owned by veteran Sydney property investor Millie Phillips through her company Rebenta Pty Ltd.
Phillips, a former nickel mining spruiker, owns a number of hotels and retirement homes throughout Sydney.
In 2010, Phillips started trying to find a new tenant for the property.
The property was unsuccessfully listed last year for $14 million.
Current listing agent Peter Harper declined to give a price for the property, saying it’s an expressions of interest campaign and they’ll hear from the market before they list a price.
It’s in its second week of marketing this time around, with Harper saying there has been inquires from 40 to 50 potential buyers.
He says it’s been a mixed group of potential buyers including developers, possible owner-operators, and people looking at converting.
It currently earns just under $700,000 per year.
The seven-storey building includes 60 ensuited rooms with approximately 300 beds in a dorm arrangement. It has a TV room, two lounge rooms with bathrooms, a computer room, a large kitchen and two storage rooms.
It also has two retail tenancies at 226 square metres.
 
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And the <a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-potts+point-500471243">Diamant Hotel</a> (pictured below), on the eastern side of Darlinghurst Road, has been listed through Jones Lang LaSalle.
<img src="/images/stories/2012/10/diamant.jpg">
The four-star boutique hotel on Kings Cross Road comes with 76 guest rooms and three retail lots.
The hotel, run by 8Hotels, is being sold by by owner Arena Funds Management.
The building was originally constructed in the 1970s and was then operated as the Hyatt Kingsgate. It then became the Millennium Hotel and underwent renovation in 2007. The strata-titled building consists of the Diamant Hotel, three retail lots, 49 commercial office suites and a penthouse apartment. Arena Funds Management own just three of the stratas amounting to 4,583 square metres, all of which are offered for sale.
Its hotel runs from levels two through six while the three retail lots are on the lower ground, ground and mezzanine floors.
The three retail stratas are leased by Ginseng Baths, Hillery Group's wine bar Time to Vino, and Latitude Fitness.
The main lease is due to expire in 2019.
The group has $51 million in investment properties.
The operator recently unveiled three new apartments in the hotel, which were converted from office space on the hotel's 11th floor, with prices reportedly starting from $500 a night.
And speaking about leisure properties, two nearby brothels have been listed for sale.
<a target="_blank" href="https://www.realcommercial.com.au/property-retail-nsw-kings+cross-500070421">Studio 52</a>, on Kellett Street has been listed for sale at $2 million plus.
The 10-room brothel is licensed as a 24-hour, seven-day-a-week sex parlour.
And just next door, at <a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-potts+point-500126486">48 Kellett Street</a>, Moods of Sydney brothel has been listed for sale as well.
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Mercure Hotel, D*Lux Budget Hotel and Diamant Hotel listed for sale in Kings Cross

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The old pharmacy building in Tasmania’s Campbell Town has been listed for sale with an asking price of $495,000.
The double-fronted red brick retail residence is the former Campbell Town Pharmacy and comes attached to a four-bedroom residence on 250 square metres.
Marketing for the property suggests that, subject to council approval, the second residence could be used as a separate business and comes with “park like” gardens.
<a target="_blank" href="https://www.realcommercial.com.au/property-retail-tas-campbell+town-500196156">The historic double-storey home</a> fronts onto High Street, the main street in the Midlands town.
It is being sold by Gordon Humphreys from Harrison Humphreys Launceston, who says the pharmacy once operated as a stand-alone shop but it has been vacant for some years.
"Currently the previous owner of the pharmacy lives in the house," he says.
It comes with off-street parking, a 59-square-metre double garage.
The town lies on the major highway between Hobart and Launceston.
The home part of the lot comprises four bedrooms, a bathroom, a washroom, a kitchen and a sitting room.
The retail portion is 96 square metres, and the total land size is 936 square metres.
There are more than 100 century-old colonial buildings in the town, which was established in 1820.
The most recent sale on High Street Campbell Town was a two-level weatherboard building at 108 High Street, which sold for $190,000 in October last year having last sold for $172,000 in 2006.
The 1965-built former milk bar is currently operating as a tourist shop.
And Zep's Cafe at 92 94 High Street was recently listed through LJ Hooker Hobart.
The listing advertised net yields of 9.75% for the restuarant and conference centre.
The 941-square-metre property earned $78,000 per annum. Given the indicated yield, the asking price would have been around $800,000.
The pharmacy building is close to the Red Bridge – the oldest convict-built red brick bridge in Australia, which was originally constructed for horse-drawn vehicles, and is now crossed by up to 2 million vehicles a year.
The pharmacy is not listed on the Tasmanian heritage database.
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Historic High Street, Campbell Town, retail opportunity

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New rental listings last month were down in every state of Australia compared with the previous month, according to RP Data.
Across Australia the number of new rental listings dropped from 45,365 in the four weeks ending September 9 to 34,591 in the four weeks ending October 7.
Proportionally, the most drastic drop was in the ACT, where the number of new rental listings dropped from 407 to 266. At the same time last year the number was 205.
This was followed by WA, where new listings dropped from 3,795 to 2,694. The figures are a drop on the same time last year, when there were 3,342 new listings.
Queensland dropped from 10,947 last month to 8,301. Last year it was at 12,454.
NSW dropped from 12,390 last month to 9,018. Last year it was at 11,560.
Victoria dropped from 13,059 last month to 10,380. Last year it was at 10,919.
South Australia dropped from 3,347 last month to 2,775. The figures are up from last year’s 2,546.
NT dropped from 514 last month to 441. Current figures are slightly up from last year’s 431.
Tasmania’s numbers dropped from 906 last month to 716, bringing it in line with last year’s 718.
The number of total advertised rental listings are down from last month in every state as well.
Across Australia, total rental listings fell from 93,820 last month to 77,737.
In terms of numbers, Victoria experienced the biggest drop, falling from 30,191 last month to 25,697.
Proportionally the biggest fall was in ACT falling from 895 last month to 662.
Year on year, total rental listings are down from 89,392 to 77,737 across Australia.
<table border="1" cellspacing="0" cellpadding="0" width="418"><tbody>
<tr>
<td width="64" valign="top">
State
</td>
<td width="60" valign="top">
New listings this month
</td>
<td width="58" valign="top">
Last month
</td>
<td width="58" valign="top">
Last year
</td>
<td width="58" valign="top">
Total listings last month
</td>
<td width="62" valign="top">
Last month
</td>
<td width="58" valign="top">
Last year
</td>
</tr>
<tr>
<td valign="top">
Qld
</td>
<td width="60" valign="top">
8,301
</td>
<td width="58" valign="top">
10,947
</td>
<td width="58" valign="top">
12,454
</td>
<td width="58" valign="top">
17,457
</td>
<td width="62" valign="top">
21,300
</td>
<td width="58" valign="top">
25,373
</td>
</tr>
<tr>
<td valign="top">
NSW
</td>
<td width="60" valign="top">
9,018
</td>
<td width="58" valign="top">
12,390
</td>
<td width="58" valign="top">
11,560
</td>
<td width="58" valign="top">
19,813
</td>
<td width="62" valign="top">
24,505
</td>
<td width="58" valign="top">
22,533
</td>
</tr>
<tr>
<td valign="top">
Vic
</td>
<td width="60" valign="top">
10,380
</td>
<td width="58" valign="top">
13,059
</td>
<td width="58" valign="top">
10,919
</td>
<td width="58" valign="top">
25,697
</td>
<td width="62" valign="top">
30,191
</td>
<td width="58" valign="top">
25,671
</td>
</tr>
<tr>
<td valign="top">
WA
</td>
<td width="60" valign="top">
2,694
</td>
<td width="58" valign="top">
3,795
</td>
<td width="58" valign="top">
3,342
</td>
<td width="58" valign="top">
5,464
</td>
<td width="62" valign="top">
6,914
</td>
<td width="58" valign="top">
7,108
</td>
</tr>
<tr>
<td valign="top">
SA
</td>
<td width="60" valign="top">
2,775
</td>
<td width="58" valign="top">
3,347
</td>
<td width="58" valign="top">
2,546
</td>
<td width="58" valign="top">
6,061
</td>
<td width="62" valign="top">
7,001
</td>
<td width="58" valign="top">
5,803
</td>
</tr>
<tr>
<td valign="top">
NT
</td>
<td width="60" valign="top">
441
</td>
<td width="58" valign="top">
514
</td>
<td width="58" valign="top">
431
</td>
<td width="58" valign="top">
809
</td>
<td width="62" valign="top">
880
</td>
<td width="58" valign="top">
857
</td>
</tr>
<tr>
<td valign="top">
ACT
</td>
<td width="60" valign="top">
266
</td>
<td width="58" valign="top">
407
</td>
<td width="58" valign="top">
205
</td>
<td width="58" valign="top">
662
</td>
<td width="62" valign="top">
895
</td>
<td width="58" valign="top">
384
</td>
</tr>
<tr>
<td valign="top">
Tas
</td>
<td width="60" valign="top">
716
</td>
<td width="58" valign="top">
906
</td>
<td width="58" valign="top">
718
</td>
<td width="58" valign="top">
1,774
</td>
<td width="62" valign="top">
2,134
</td>
<td width="58" valign="top">
1,663
</td>
</tr>
<tr>
<td valign="top">
Aus
</td>
<td width="60" valign="top">
34,591
</td>
<td width="58" valign="top">
45,365
</td>
<td width="58" valign="top">
42,175
</td>
<td width="58" valign="top">
77,737
</td>
<td width="62" valign="top">
93,820
</td>
<td width="58" valign="top">
89,392
</td>
</tr>
</tbody></table>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a> 
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Rental listings down in every state in past month: RP Data

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The number of newly advertised homes for sale last month has risen from last month in every state but is down in NT and ACT, according to RP Data.
There were 49,173 new listings for the four weeks to October 7 across Australia, compared with 43,624 for the four weeks to September 9.
The number 0f properties for sale in Queensland rose the most for the month, jumping from 10,926 to 12,681.
Numbers in NSW rose from 12,519 to 13,893, numbers in Victoria rose from 10,051 to 11,875, WA rose from 5,283 to 5,656, SA rose from 2,757 to 2,999, and Tasmania rose from 1,121 to 1,196.
In the ACT the number of properties advertised for sale dropped from 600 to 521, and NT numbers dropped from 367 to 352.
Across Australia the number of advertised listings rose from 279,882 to 288,609.
The number of newly listed properties across Australia is the highest since early April of this year, RP Data says.
Year on year, the figures are still down for every state.
There were 49,173 new listings last month across Australia, compared with 56,786 for the same time last year.
New South Wales experienced the most drastic change, dropping from 17,619 to 13,893.
Numbers in Victoria dropped from 13,541 to 11,875.
Others states weren’t as drastic, with the number of new listings in Queensland slipping from 12,842 to 12,681, WA slipping from 6,451 to 5,656 , SA slipping from 3,829 to 2,999, NT from 409 to 352, ACT from 672 to 521 and Tasmania slipping from 1,423 to 1,196.
“Despite the rise in new listings, the number of properties being added to the market is 13.4% lower than what was recorded at the same time last year,” RP Data says.
“With new listings tracking low and some absorption of properties being readvertised, the total number of homes available for sale nationally is now just 1.7% lower than at the same time last year.
“Across the capital cities, total listings in the market are now 1.3% lower than last year.”
The total number of stock is slightly up from last year across Australia, rising from 283,856 to 288,609.
NT, WA and Queensland were the only states where total numbers of property available dropped slightly year on year.
Proportionally, NT had the greatest fall, dropping from 2019 to 1,684.
<table width="428" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="48">
State
</td>
<td valign="top" width="58">
New  listings  last  month
</td>
<td valign="top" width="66">
Previous  month
</td>
<td valign="top" width="58">
Same  time  last  year
</td>
<td valign="top" width="65">
Total  listings
</td>
<td valign="top" width="66">
Previous  month
</td>
<td valign="top" width="65">
Same time  last  year
</td>
</tr>
<tr>
<td valign="top">
Qld
</td>
<td valign="top" width="58">
12,681
</td>
<td valign="top" width="66">
10,926
</td>
<td valign="top" width="58">
-12,842
</td>
<td valign="top" width="65">
83,985
</td>
<td valign="top" width="66">
81,809
</td>
<td valign="top" width="65">
-87,018
</td>
</tr>
<tr>
<td valign="top">
NSW
</td>
<td valign="top" width="58">
13,893
</td>
<td valign="top" width="66">
12,519
</td>
<td valign="top" width="58">
-17,619
</td>
<td valign="top" width="65">
74,634
</td>
<td valign="top" width="66">
71,828
</td>
<td valign="top" width="65">
-73,989
</td>
</tr>
<tr>
<td valign="top">
Vic
</td>
<td valign="top" width="58">
11,875
</td>
<td valign="top" width="66">
10,051
</td>
<td valign="top" width="58">
-13,541
</td>
<td valign="top" width="65">
65,999
</td>
<td valign="top" width="66">
63,195
</td>
<td valign="top" width="65">
-59,206
</td>
</tr>
<tr>
<td valign="top">
WA
</td>
<td valign="top" width="58">
5,656
</td>
<td valign="top" width="66">
5,283
</td>
<td valign="top" width="58">
-6,451
</td>
<td valign="top" width="65">
30,080
</td>
<td valign="top" width="66">
29,542
</td>
<td valign="top" width="65">
-31,775
</td>
</tr>
<tr>
<td valign="top">
SA
</td>
<td valign="top" width="58">
2,999
</td>
<td valign="top" width="66">
2,757
</td>
<td valign="top" width="58">
-3,829
</td>
<td valign="top" width="65">
18,747
</td>
<td valign="top" width="66">
18,372
</td>
<td valign="top" width="65">
-17,775
</td>
</tr>
<tr>
<td valign="top">
NT
</td>
<td valign="top" width="58">
352
</td>
<td valign="top" width="66">
367
</td>
<td valign="top" width="58">
-409
</td>
<td valign="top" width="65">
1,684
</td>
<td valign="top" width="66">
1,757
</td>
<td valign="top" width="65">
-2,019
</td>
</tr>
<tr>
<td valign="top">
ACT
</td>
<td valign="top" width="58">
521
</td>
<td valign="top" width="66">
600
</td>
<td valign="top" width="58">
-672
</td>
<td valign="top" width="65">
1,982
</td>
<td valign="top" width="66">
1,988
</td>
<td valign="top" width="65">
-1,733
</td>
</tr>
<tr>
<td valign="top">
Tas
</td>
<td valign="top" width="58">
1,196
</td>
<td valign="top" width="66">
1,121
</td>
<td valign="top" width="58">
-1,423
</td>
<td valign="top" width="65">
11,498
</td>
<td valign="top" width="66">
11,391
</td>
<td valign="top" width="65">
-10,341
</td>
</tr>
<tr>
<td valign="top">
Aus
</td>
<td valign="top" width="58">
49,173
</td>
<td valign="top" width="66">
43,624
</td>
<td valign="top" width="58">
-56,786
</td>
<td valign="top" width="65">
288,609
</td>
<td valign="top" width="66">
279,882
</td>
<td valign="top" width="65">
-283,856
</td>
</tr>
</tbody></table>
Source: <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>
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Number of new properties listed for sale rises in every state in last month: RP Data

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Melbourne is set to get its second international airport after the federal government agreed to amend lease agreements with Avalon airport.
The government will amend the lease to Lindsay Fox’s airport so he can build a new terminal and sign up international airlines.
Fox can now build a terminal of up to 10,000 square metres and up to $15 million in value can be developed without federal government approval, the Australian Financial Review reported.
The airport, 15 kilometres northeast of Geelong, has been in negotiations for a long time to secure international carriers.
Local federal MP Richard Marles says Defence Minister Stephen Smith approved changes to the lease arrangement with Defence during the week.
“This is a truly historic day for Avalon Airport, for Geelong and for our region,” Marles told The Australian Financial Review.
“It means the airport operators can, with full confidence, get on with the job of securing an international airline for Avalon.
Chief executive of the airport Justin Giddings says the decision is critical to Avalon’s future growth.
“This decision gives us the certainty and confidence we need to go out and secure international airlines to operate out of Avalon,” Giddings says.
He called the decision “a huge win for Victoria, for the Geelong region and for the flying public”.
“This decision cements Avalon’s future as Victoria’s second major domestic and new international airport.”
Giddings says approval and the Victorian government's recent financial commitment to a rail link to Avalon means the airport can meet growing demand.
The state government has committed $50 million towards the design, planning, land acquisition and preliminary construction works of a rail link to Avalon Airport and $3 million for an aviation fuel line from Shell Geelong to the airport.
Linfox has controlled the airport since 1997, and Qantas’s low-cost carrier Jetstar has been using the airport since 2004.
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Avalon set for Melbourne's second international airport

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On first inspection it looks like a quaint property perfect for a country retreat at Bullarto after some renovations. It’s a decommissioned Uniting Church on a half-acre (2,023-square-metre) block 10 kilometres outside of Daylesford, Victoria, but it comes with some complications.
Any buyers who don’t undertake due diligence could be lured in by the $100,000 price tag only to find the church is potentially useless – as council regulations all but rule out installing a toilet on the site.
<img src="/images/stories/2012/10/bullarto.jpg">
A quick glance at the contract of sale shows while it’s hooked up to electricity, it’s not connected to gas, water, telephone, or most importantly sewerage. In normal circumstances, buyers would be entitled to install their own septic tank on the property.
Except that they’re not. Council regulations, if buyers can navigate them, reveal it’s next to impossible to install any sort of septic tank system on the property.
<img src="/images/stories/2012/10/bullarto1.jpg">
A council planner told Property Observer that as a rule of thumb, the guidelines from the EPA require a minimum of one acre (4047 square metres) to install a septic tank system. This holding is about half that size.
There are ways to install systems on smaller lots, but it requires extensive base water management program, which are expensive to implement and rare.
The planner Property Observer spoke to had seen just one or two lots of this size approved for a septic tank system in the last 10 years.
And even if a buyer did manage to meet council regulations with the help of a good town planner and solicitor, the system could take up much of the property, precluding anything that could disturb the system, such as a driveway.
All told, it’s not likely to happen in a hurry.
<img src="/images/stories/2012/10/bullarto3.jpg">
Agent Bart O'Sullivan from Pat Rice &amp; Hawkins says it is up to buyers to make their own inquiries.
“The church can’t give any guarantees for what it can or can’t be used for,” O’Sullivan says.
“What we’re selling is half an acre plus the building, and they’re very realistic in their price expectations and it’s a matter of people making their own inquiries of what they can and can’t do in the future.
“People have to make their own investigations.”
O’Sullivan did float the idea that regulations might change in the future.
“Who knows what could transpire in the future?” O’Sullivan advised.
“I can’t give any warranties or guarantees as to what authorities will do.
“You look at the situation here - there’s a church, with half an acre, next to a school, there’s other house nearby, they must have some services close to them.”
The church goes to Saturday October 13 auction – a testament to the importance of due diligence.
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Buyers may make the sign of the cross and cross their legs as toilet-less Bullarto church goes to auction

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The All Seasons Salamander Shores hotel in Port Stephens (pictured below) has been listed for sale.
<img src="/images/stories/2012/10/allseasons.jpg">
The listing comes with a waterfront hotel and 1.2 hectares with approval for redevelopment.
The 91-room hotel with views over Salamander Bay has conference facilities and restaurant, bar and gaming facilities.
The beachfront land bordering national parks has development application approval for a mixed site with 40 permanent residential units, 34 serviced apartments, 84 hotel rooms, 275 car parks and bar, restaurant, conferencing and retail spaces. The total approved area is 19,600 square metres.
The property is currently leased to Ibis Hotels.
Reviews of the hotel on Trip Advisor consistently say the hotel is slightly dated and in need of renovation.
RP Data shows the site last traded in 1992 for $3.1 million.
At <a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-soldiers+point-500478355">147 Soldiers Point Road</a>, the hotel has previously been run as an All Seasons Hotel and a Comfort Inn.
The property is being sold by CBRE agent Andrew Jackson. The expressions of interest campaign ends November 20.
Jackson is also selling the nearby <a target="_blank" href="https://cbre.realcommercial.com.au/property-hotel+leisure-nsw-corlette-500363383">Peppers Anchorage</a> (pictured below) with co-agent Rob Cross. The vendor is Bay Holdings Ltd, a joint venture company owned by Greg Shand and Allan Vidor.
<img src="/images/stories/2012/10/peppersanchorage.jpg">
Set on a 1.5-hectare site on the Tomaree Peninsula, the 1.5-hectare luxury hotel opened in 1992.
The sales campaign was due to finish on August 23, but it remains unsold.
It was built at a cost of $23 million.
In 2008, Jones Lang LaSalle expressions of interest campaign sought around $30 million for the hotel with marina.
Also nearby, <a target="_blank" href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-raymond+terrace-500379187">The Spinning Wheel Hotel in Raymond Terrace</a>, a hotel, bistro pub, bottle shop and TAB centre with a pokies room (pictured below) sold after auction for an undisclosed price.
<img src="/images/stories/2012/10/spinningwheel.jpg">
The gambling operations earned the vendor $1,200,000 in gaming revenue.
The two-level hotel is on a 1,553-square-metre site.
There are 11 hotel rooms on the first floor as well as a two-bedroom manager's residence on the site.
The sale included the hotel licence and 18 poker machine entitlements.
It was being marketed by CBRE’s Joel Fisher and Daniel Dragicevich.
The site last traded for $490,000 in 2002.
 
 
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All Seasons Port Stephens Salamander Shores Hotel for sale joining Port Stephens listings

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Surry Hills ranks as the 23rd most stylish neighbourhood in the world, according to lifestyle magazine Complex, which was founded by American fashion designer Marc Ecko.
The ranking says <a href="/news">Surry Hills</a> is Sydney's main hub for fashion, with a number of notable businesses including Dear Pluto, Reuben Hills, Via Alley, Holy Kitsch! and Bourke Street Bakery.
“Crown Street, the heart of the neighbourhood, is where you'll find all of the restaurants, bars, and coffee shops,” author Julian Kimble writes.
<img src="/images/stories/2012/10/surrygraffiti.jpg">
“<a target="_blank" href="https://www.dearpluto.com/Home">Dear Pluto</a> offers retro styles and <a target="_blank" href="https://shop.viaalley.com/">Via Alley</a> provides the best stuff that countries like Japan have to offer. <a target="_blank" href="https://www.holykitsch.com.au/">Holy Kitsch!</a> is the place for art, collectibles, and Sugar Skulls inspired by Mexico's 'Dia le los Muertos'."
The ranking found the <a target="_blank" href="https://www.complex.com/style/2012/10/the-50-most-stylish-neighborhoods-in-the-world/">top 50 neighbourhoods</a> “where the cool kids congregate”.
“Whether it's the shops, the bars and restaurants, the galleries and museums, or just some unidentifiable vibe that the neighbourhood exudes, these are the places that emerge as destinations for unique fashion, style, and culture.”
“But it's more than just a fashion sense that make these 'hoods stand out—art, architecture, and a booming subculture scene are all factors that give some places the extra something that make them more stylish than others.”
Surry Hills ranks just behind Andrássy Avenue in Budapest and Vesterbro in Copenhagen with the top ranked neighbourhood listed as 1st Arrondissement in Paris.
The current median price for houses in<a target="_blank" href="/news"> Surry Hills</a> is $891,000 with a median rent of $705 per week for houses. For units the median price is $505,000 with a median weekly rent of $525, according to RP Data.
Surry Hills was the only Australian neighbourhood to make the ranking.
The top 10 most stylish suburbs according to the list are as follows:
10. Brera (Milan, Italy)
9. Central District (Hong Kong)
8. Ladbroke Grove (London)
7. Sodermalm (Stockholm)
6. Wynwood (Miami)
5. Kreuzberg-Friedrichshain (Berlin)
4. Gastown (Vancouver)
3. Soho (New York)
2. Harajuku (Tokyo)
1. 1st Arrondissement (Paris)
Surry Hills photograph courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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Sydney's Surry Hills ranked 23rd most stylish neighbourhood in the world

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Houses in Albert Park recorded some of the biggest increase in rents over the quarter for Melbourne, bucking the trend for city, according to Australian Property Monitor figures.
Across Melbourne <a href="https://www.propertyobserver.com.au/landlords/sydney-and-perth-rents-hit-record-highs-apm/2012101057084">rents remained unchanged for the quarter</a> at $360 per week for houses and $350 for units, but some suburbs recorded strong rental growth.
Rents for houses in Albert Park rose 15.4% over the quarter to $785 per week.
The recently renovated house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-408740367">39 Dinsdale Street</a> is on the market for $995 per week. It was last listed at $895 per week in July 2011, a rise of 11% over the period.
The house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-403111456">5 Boyd Street</a> is offered for rent at $1500 per week. According to RP Data, it’s significantly higher than the 2008 rent of $995 per week but below the asking price earlier this year of $1,750 per week.
The house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-404011798">166 Danks Street</a> is being offered for $800 per week. According to RP Data the asking rents have steadily increased by about $20 per year since 2007.
And the house at <a href="https://www.realestate.com.au/property-house-vic-albert+park-408834659">12 Faussett Street</a> recently sold for $1.26 million and is being offered for rent at $860 per week, a yield of 3.55%.
A number of popular suburbs rose sharply, according to the figures published by Fairfax.
Houses in Kew recorded a similar spike in rents, rising 12.6% over the quarter to $670.
Units in Springvale were third on the list of 10 top rental growth suburbs, with rents rising 11.8% over the quarter to $285.
 
<table width="430" border="0" cellspacing="0" cellpadding="0">
<colgroup>
<col width="127">
<col width="64" span="2">
<col width="175">
</colgroup>
<tbody>
<tr height="20">
<td width="127" height="20">Suburb</td>
<td width="64">Type</td>
<td width="64">Median weekly rent</td>
<td width="175">September quarter change</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Albert Park</a></td>
<td>House</td>
<td align="right">$785</td>
<td align="right">15.4%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Kew</a></td>
<td>House</td>
<td align="right">$670</td>
<td align="right">12.6%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Springvale</a></td>
<td>Unit</td>
<td align="right">$285</td>
<td align="right">11.8%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Footscray</a></td>
<td>Unit</td>
<td align="right">$310</td>
<td align="right">10.7%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Balwyn</a></td>
<td>House</td>
<td align="right">$550</td>
<td align="right">10.1%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Malvern East</a></td>
<td>Unit</td>
<td align="right">$345</td>
<td align="right">7.8%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Templestowe Lower</a></td>
<td>House</td>
<td align="right">$450</td>
<td align="right">7.1%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Williamstown</a></td>
<td>House</td>
<td align="right">$535</td>
<td align="right">7%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Altona</a></td>
<td>Unit</td>
<td align="right">$310</td>
<td align="right">6.9%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Sunshine North</a></td>
<td>House</td>
<td align="right">$320</td>
<td align="right">6.7%</td>
</tr>
</tbody>
</table>
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Albert Park heads top 10 rental growth suburbs in Melbourne

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Alistair Walsh

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