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Quest Serviced Apartments has opened its newest operation at Berrimah in Darwin’s eastern suburbs.
The Quest Berrimah at 4 Berrimah Rd has 88 studio apartments and one bedroom serviced units. It was developed by PTM Group, the same developer that partnered with the company for the Quest Parap.
Quest chief executive Zed Sanjana says the Northern Territory is an important part of Quest’s growth strategy given the unprecedented level of economic activity there.
“Employment opportunities are expected to continue increasing, with Deloitte Access Economics forecasting an additional 16 000 jobs in the territory between 2012 and 2017; an average annual increase of 2.5%,” says Mr Sanjan
Prices start at $193 a night. The Quest Berrimah franchisees are Mark Lisiecki, and Richard and Trisha Hartshorn.
The new operation is one of ten new Quest properties to open this financial year including operations at Melbourne Airport, Townsville, Newcastle West, Toowoomba plus the recently opened apartments in King William South and Woolloongabba.
 
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Quest opens Berrimah, Darwin serviced apartments

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Mirvac has secured Australia’s first government backed 6-star energy rating for office building Sirius House in Canberra.
The National Australian Built Energy Rating System (NABERS) provides a star rating for the environmental performance of offices, shopping centres, hotels and homes.
Mirvac is the first to rate 6 stars for a major office building. Using Greenpower, the 10-level Furzer Street building in Phillip emits 50% less greenhouse gases than a 5-star rated building. Owners and tenants drive NABERS assessments.
Mirvac’s Group Executive, Office and Industrial Operations, Ben Hindmarsh says the result follows a number of recent sustainability initiatives.
“The solar PV system alone delivers a reduction of approximately 100 tonnes of greenhouse gas emissions per annum, which is the equivalent to the annual emissions of 30 cars,” says Hindmarsh.
The rating is extrapolated from 12 months of measured data from water and power usage along with a waste audit. Using algorithms NABERS, which is managed by the NSW Government’s Office of Environment and Heritage for the Federal, state and territory governments, compares one property with similar buildings in the same location.
Mirvac’s 46,000 square metre Sirius House previously rated at 5.5-star with NABERS for two years.
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NABERS success for Mirvac's Sirius House, Canberra

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The fault line between Redfern and Chippendale continues to blur with the $4.1 million sale of a unique commercial and residential melange on the Redfern side of the tracks.
The two buildings at 146 and 148 Abercrombie Street have a combination of gallery space, upper-level studio and office space in 148 while next door has ground floor warehouse space and mid-level office area that is crowned by a New York-style loft apartment. 
The package comes with two bedrooms, two bathrooms and parking for one. The land area is 316 square metres and the building area is 599 square metres. 
The vendor was Associated Displays Pty Ltd – which is owned by a couple from the NSW Central Coast (she inherited it from her father along time ago). It is likely the buildings will be converted in a single residence.
The corner building at 146 is leased until November 2014 for $51,999 without an option creating an immediate opening for rental growth. The adjoining property is subject to a lease until August 2015 with a three-year option for $27,851 a year. It was sold by First National Spencer &amp; Servi’s David Servi.
Based on these figures the current yield would be 1.9% in an area that attracts a residential yield of 3.8%
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$4.1 million Redfern residential conversion sale

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The Sydney buyers’ agent Chris Gray has explored what type of inner city investment property $500,000 can buy.
He looks at an offering in a block of 27.
{qtube vid:=Syid_9HADYs} 
He discusses his outlook on <a href="https://www.youtube.com/watch?v=Syid_9HADYs" target="_blank">Your Property Empire</a> at 6.30pm on Sky News Business.
Gray also talks to Arthur Charlaftis of realestate.com.au about the issue of property sizes.
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Price, size and recent sales: Chris Gray's Purchase or pass

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Melbourne’s cheapest auction sale price at the weekend auction's was in the southeast suburb of Noble Park, according to Australian Property Monitors. The three bedroom, two bathroom stand-alone townhouse apartment at 2/10 Henry Street sold for $450,100, through Ray White Noble Park agent Jaymee Le having been listed with expectations of more than $360,000.
According to RP Data the median asking rental in Noble Park is $285 a week. The sale would reflect a yield of just over 3% for the investor.
The median house price for the area is $400,000, while apartments are pegged at $306,000.
Competition for the air conditioned brick property ensured that it sold for about $90,000 more than the reserve.
Its auction listing took only 28 days from listing to sale in a suburb where the average number of days on the market is 69.
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Noble Park three bedroom townhouse fetches $450,100

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Sydney’s most affordable property reported sold at weekend auction was a one bedroom apartment in Narwee, in the southern suburbs.
The top floor 5/33 Graham Road unit sold for $325,000 <a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/narwee/?adid=2011409446" target="_blank">through L.J Hooker Riverwood</a>, according to Australian Property Monitors, under instruction from NSW Trustee &amp; Guardian.
The 1986 block's last and highest previous sale was $319,000 when a one bedroom apartment sold earlier this year, and then was put up for $310 a week rental. Based on these figures the sale would reflect a yield of about 5%.
The median price for an apartment in <a href="/news">Narwee</a> is currently $421,000, which is a down from last year's price spike of $550,000 an apartment.
The median asking rent for apartments in Narwee is currently $380 a week, according to RP Data. 
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Narwee one bedder Sydney's cheapest auction sale

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When investing in property in Bali the top priority is to acquire a very thorough understanding of how real estate can be held buy a foreigner.  
To own freehold land, you must be Indonesian. Foreigners are forbidden to own any property outright in Bali.
However, a series of foreign-investor friendly governors have ensured that attractive long leaseholds and right-of-use permits are in place to safeguard the island’s position as an investment haven. It is a road well trodden by investors, particularly Australians who are the island’s most common foreign investors.  
An expatriate buying a property is allowed through a government issued right-of-use permit, which is a renewable document that typically lasts for 25 years.
The price of the permit varies depending on the size and location of the land, but the rule-of-thumb is that a permit costs 1 % of the purchase price. If the property is sold again to another foreigner before the permit expires, it is essentially a transfer of the permit – much like and Australian land title. Alternatively, a foreigner can buy a 50-year leasehold  
Buying a right-of-use provides legal protection to the investor during the term of the lease, however, once the lease term has expired the agreement can be extended or the property reverts back to the local owner.
There are no known cases where a foreign investor has been diddled out of a holding when a permit expires.  
Another way to secure your piece of paradise is through an Indonesian nominee, which means handing 100% ownership of your property, to an Indonesian national.
While this method sounds risky, it has long been the preferred method for many Australian property developers to secure land.
However, these millionaires usually possess a long list of contacts on the island and have huge wealth to help them through any potential legal wrangles, should they arise.  
It is important to hire an experience notary to handle the transaction and the island has plenty of well regarded professionals.
Other important costs to keep in mind is the 10% transfer fee, which is equally shared by vendor and purchaser for right-of-use permits while for long-term leases, the seller pays the full 10%.
Another thing to watch out for is currency fluctuations. Many Australians have recently been stung by the fall in the Australian dollar, increasing an agreed sale price by ten of thousands of dollar.
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How to buy a property in Bali

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The rich and stylish of the Philippines have a new luxury brand development to buy into.
<img src="/images/stories/2012/11/cielo5.jpg">
Acqua Iguazu is the fifth building of a US$41.4 million six-tower development in Manila, but it is the first collaboration between Philippine developer Century Properties, London interior design outfit "Yoo inspired by Starck" and British real estate magnate John Hitchcox.
 
<img src="/images/stories/2012/11/cielo2.jpg">
The top levels of the 56-floor tower will have an amenity deck designed by "Yoo inspired by Starck" and called the Cielo, which has a dining room, library, a movie room and fabulous pool.
<img src="/images/stories/2012/11/cielo3.jpg">
There will be 400 apartments, ranging in size from a 26-square-metre pad to three-bedroom apartment over 115 square metres.
<img src="/images/stories/2012/11/cielo4.jpg">
The average price is US $3,700 (A$3,560) a square metre. It is expected the property will realise US $85.5 million and US $365 million for the entire project. The development looks down on the Pasig river between Mandaluyong, a commercial city known for its shopping malls, and Makati, the business district of Manila. 
<img src="/images/stories/2012/11/cielo.jpg">
Design features include a spherical accent crowning the tower, which references the sun and moon, and three show units themed as Minimal, Nature and Culture will be open for inspection from this week.
<img src="/images/stories/2012/11/cielo6.jpg">
The launch of Iguazu follows the successful sales of Acqua's previous four towers; the Niagara, Sutherland, Dettifoss andAcqua Livingstone, with interiors by MissoniHome.
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Yoo inspired by Starck luxury development launches in the Philippines

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Tasmania’s extraordinary Museum of Old and New Art (pictured below) has won the prized Sir Zelman Cowen Award for Public Architecture 2012.
{yoogallery src=[images/stories/2012/10/nov1mona]}
Melbourne architects Fender Katsalidis received the honour at the Australian Institute of Architects 2012 National Awards.
It is the first time in the award’s 31-year history that a Tasmanian building won the coveted title.
The jury, which comprised of immediate past president Brian Zulaikha, Kerry Hill, Richard Johnson, Amy Muir and Juliana Engberg, found MONA to be a powerful and entertaining experience for displaying and engaging with art within a steel container that is already weathering inexorably into the landscape – creating one of the best examples in the country of the benefits of cultural tourism.
<img src="/images/stories/2012/10/shearer1.jpg">
The Robyn Boyd Award for Residential Architecture Houses went to John Wardle Architect’s for the Shearer’s Quarters on Tasmania’s Bruny Island (pictured above and below). The building houses travelling shearers and rural workers in the region.
<img src="/images/stories/2012/10/shearer2.jpg">
Zulaikha, who chaired the jury, says winning projects embody best practice principles, showcase sustainable solutions and become part of Australia's architectural history.
“We travelled the suburbs of Fremantle, Sydney, Melbourne, Adelaide, Hobart and Brisbane, where architects had found a link to their own ideas and created meaningful contributions to the broader community. With poetics of space and materials the winners have enriched our communities, and skillfully advocated for the quality of our profession and our professionalism,” Zulaikha says.
The awards, which were held in Perth’s historic Midland Railway Workshops, are the nation’s most prestigious awards in the design and construction industry.
<img src="/images/stories/2012/10/bligh1.jpg">
The Harry Seidler Award for Commercial Architecture was picked up by archiectus + ingenhoven architects for 1 Blight Street, Sydney (pictured above), while the late, great Harry Seidler won the National Enduring Architecture Award for Australia Square in Sydney.
<img src="/images/stories/2012/10/swifts.jpg">
Another Sydney legend – The Swifts at Darling Point (pictured above)– claimed the Lachlan Macquarie Award for Heritage for Clive Lucas Stapleton &amp; Partners’ restoration of the 56-room Victorian Gothic mansion.
Other winners include:
The Fredrick Romberg Award for Residential Architecture – Multiple Housing went to BVN Architecture for? Monash University Student Housing.
PTW Architects for the John Kaldor Family Gallery at the Art Gallery of NSW collected the Emil Sodersten Award for Interior Architecture.
The Walter Burley Griffin Award for Urban Design was awarded to Peter Elliott Architecture + Urban Design for the University Lawn Precinct RMIT University.
The Jørn Utzon Award for International Architecture went to FMJT + Archimedia for the Auckland Art Gallery Toi o T?maki.
The COLORBOND Award for Steel Architecture went to Allen Jack + Cottier Architects for Milson Island Sports Stadium.
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MONA architects Fender Katsalidis win prestigious Sir Zelman Cowen Award for Public Architecture

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Cheaper Paddington property keeps turning over, but it’s too early to suggest any sizzle is returning to the market.
Two kitchen queens and an artist have recently sold their Paddington properties for at or above expectations.
Food writer Loukie Werle settled the $2,235,000 sale of the Bent Street house that cost her $202,500 in 1985. The hopes were around $2.2 million through GoodyerDonnelley.
Artist Michael Johnson’s Duxford Street terrace settled for $1.95 million, which was $50,000 more than the earmarked reserve but a tad less than the $2.01 million he paid for it in 2009.
{yoogallery src=[images/stories/feb23donnahay]}
<a href="https://www.propertyobserver.com.au/new-south-wales/donna-hays-paddington-terrace-off-the-burner-as-buyer-takes-a-%2423-million-bite-title-tattle/2012050854619">Kitchenista Donna Hay and husband Bill Wilson pulled $2.3 million for their Windsor Street terrace</a> (pictured above), which had cost them $1.42 million in 2003.
{yoogallery src=[images/stories/feb29liverpool]}
A little earlier this year thespian <a href="https://www.propertyobserver.com.au/new-south-wales/australian-theatre-doyenne-robin-nevin-sells-paddington-terrace-title-tattle/2012022853602">Robyn Nevin sold her Windsor Street house (pictured above) for $1,315,000</a>, having paid $145,000 for it in 1983.
McGrath Partners agent Ben Collier says the $1 million to $2 million market is the most steady in Paddington and a buzz is returning.
“Paddington is a real barometer for all of Sydney, so these recent sales are encouraging,” says Collier.
After a virtual drought of big-ticket buyers, several impressive sales have emerged, with a Flinton Street terrace fetching $3.81 million and a freestanding house on Goodhope Street trading for $5.6 million.
Figures released by Australian Property Monitors (APM) show that just 39 Paddington terraces changed hands in March this year with a median price of $1.35 million, which is down 3.2% on the previous March. However, sales are down on 2010, when 63 terraces traded with a median price of $1.38 million.
“There has been a market correction, but it is less significant in Paddington than in others areas. However, some vendors are not acting on the activity,” says Collier.
The owners of a five-bedroom, six-bathroom Paddington Street terrace rejected $9 million offer late last year, and nothing close to that has reappeared on the table since then.
{yoogallery src=[images/stories/november8collette]}
Another listing that involved actress <a href="https://www.propertyobserver.com.au/new-south-wales/fickle-toni-collette-being-sued-over-property-change-of-heart-in-paddington/2012031353824">Toni Collette and husband David Gallafassi</a>, who allegedly agreed to pay about $6.35 million on Stewart Street terrace, highlighted the top-end difficulties given it resold last week at about $5.5 million.
<img src="/images/stories/elizst.jpg" width="470">
Last month Toni Collette’s theatrical agent and friend Ann Churchill-Brown listed her Elizabeth Street property (pictured above) for June 2 auction. Its still available through Ben Collier with $3 million plus expectations.
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Paddington property market warming, but too soon to tell if the sizzle is back

Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Andrea Dixon

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