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Situated within Sydney’s fast-changing mid-town precinct, the 32 York Street office building has been listed by pub king Christopher Cheung with $20 million plus hopes.
The  CBD property has been marketed with the potential for redevelopment, with several different scenarios already contemplated, including hotel and residential schemes.
<img src="/images/stories/2012/09/32york.jpg" width="470">
It's been listed by Benjamin Azar from Savills Australia, whose marketing material stresses the precinct now includes premium brands Louis Vuitton, Apple and Burberry along with Telstra, CBA, IAG and Macquarie Bank.
The building is adjacent to Sydney’s most iconic and well-known commercial office and retail strips, just south of King Street. The precinct is under major transformation following the Sydney City Council’s proposed development of George Street, situated behind York Street.
<img src="/images/stories/2012/09/32york2.jpg">
It is understood Cheung is selling the property to focus on his pubs portfolio.


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The 32 York Street building is on a block of 628 square metres.
The lower and upper ground floors comprise retail space with an area of 763 square metres.
The nine upper levels, which are for office accommodation, have an area of 4,111 square metres, bringing in total a 4,874 square metres of lettable area.
The total gross income for the property sits at $1.47 million, with $920,675 coming from office rental, with another $476,961 coming from retail rental.
<img src="/images/stories/2012/09/32york3.jpg" width="470">
Currently it has an occupancy rate of 76%. Its estimated fully leased net passing income is given as $1.35 million.
The building was constructed in 1964 with part refurbished in 1986 and more in 1995.
Cheung is the owner of Cheung Properties and made <a href="https://www.smh.com.au/entertainment/restaurants-and-bars/a-new-king-joins-sydneys-pub-royalty--this-time-in-the-cross-20101117-17xpx" target="_blank">headlines in November 2010</a> when he purchased the landmark hotel The Bourbon in Kings Cross.
He also owns the Coogee Bay Hotel and in 2009 confirmed plans to transform it into a $150 million retail and entertainment hub.
The last reports regarding the redevelopment of <a href="https://www.smh.com.au/nsw/as-you-were-on-part-3a-development-proposals-20110512-1ektf" target="_blank">Coogee Bay was in May 2011</a>, when the $150 redevelopment plans before the NSW Labor government's planning department was sent back to the local council.
There has been no update since.
Expression of interest of 32 York Street closes October 18.
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Pub king Christopher Cheung lists York Street, Sydney CBD, office building with $20 million-plus hopes

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Four Queensland investors have used their self-managed super funds to buy the Springfield Marketplace Shopping Centre for $1,475,000 at a very healthy yield of 9.8%.
The sale of the 627-square-metre retail centre on a 3,235-square-metre site near Ipswich was negotiated by Knight Frank’s Andrew Burke, who says investors are keen to use their self-managed super funds to purchase such investments.
The property had previously been under offer at $1.65 million, according to a <a href="https://commercialrealestate.com.au/Property/2009810475/For-Sale/QLD/SPRINGFIELD/Retail" target="_blank">listing on commercialrealestate.com.au.</a>
Burke says that interest was “above average” because it is “hard to find something in that price range with a yield of that kind”.
“We believe the price range appealed to many self-managed super funds; disclosing the asking price allowed potential investors to instantly know if it was within their price range,” says Burke.
"Unlike some other property classes all buyers can relate to small-scale retail centres;  and finally, there was not actually a huge amount of income-generating assets on the market” he adds.
Located on 30 Commercial Drive, Springfield, the centre is 24 kilometres south-west of the Brisbane CBD.
The complex includes outlets such as Eagle Boys Pizza, Springfield Garden Restaurant, Nina’s bakery, CEBU Asian Supermarket and Salt n’ Battered.
The vendor was Itche Fa Investments.
Two weeks ago, Property Observer reported on <a href="https://www.propertyobserver.com.au/retail/suburban-shopping-centre-sales-top-%241-billion-for-year-cbre/2011091451549" target="_blank">market analysis from CBRE</a> revealing that sales of neighbourhood and sub-regional shopping centres had topped $1 billion in the past year.
A total of 38 centres have been traded this year, 37% more than in 2010, with the market sector benefitting from customers moving more towards food and service retailing.
According to Colliers, prime yields in sub-regional and neighbourhood shopping centres start from around 7% and rise up to as 10% in the secondary market.
Colliers head of national research Nerida Conisbee suggest investors consider regional shopping centres under $5 million as well as suburban strata offices.
Major property groups, including Lend Lease and Colonial First State have already started advertising investment funds specifically targeted at sub-regional and neighbourhood shopping centres.
Urbis National director of valuation Matt Cleary says, “Pricing has got back to much more in line with historical trends”. 
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Investor syndicate snaps up Queensland retail centre on near 10% yield

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The Melbourne suburb of Meadow Heights is the worst-performing suburb in the Victorian housing market over the past year, according to the latest Residex market index.
The suburb, which is 18 kilometres north of Melbourne CBD, suffered a drop of 9.7% in median house prices over the 12-month period, with the median house value now at $441,000.
In August 2011, the suburb had small gains of 0.77%, before losing 10.47% in the past year. Sales rose 3.47% in the past 12 months, with only 1,550 properties being sold.
In regards to rent, the median price rose 1.47% to a $345, equating to a median of 4.1%.
It was the hardest hit in the metropolitan suburbs, with <a href="/news">Essendon </a>hit second hardest, with house prices falling 8.44%. In <a href="/news">Brunswick </a>the median house price fell 7.69%, in <a href="/news">Fitzroy </a>it fell 5.67% and in <a href="/news">Doncaster </a>the median house price fell 5.96%.
<a href="/news">Meadow Heights</a>, which was previously known as Broadmeadows North, underwent a property boom in the late 1980s and early 1990s. Demand for new houses rose, forcing potential buyers into the outer-suburban area.
There is one shopping centre in the suburb, the Centro Meadow Heights, which has a SUPA IGA supermarket and over 25 retail outlets.
The suburb has numerous parks, the largest being the Broadmeadow Valley Park, which is filled with soccer fields and playgrounds. The Shankland Wetlands, which is home to a variety of native birds, is also in the area.
According to realestate.com.au, a very meagre 14 properties are for sale, with only 10 properties available for rent.
This <a target="_blank" href="https://www.realestate.com.au/property-unit-vic-meadow+heights-107166090.pdf?1923cc5d6f3e4c6ae4ef78ec004dab80">three-bedroom house</a> (pictured below), within walking distance to the shopping centre, was recently sold for $305,000 by Jason Real Estate Glenroy.
<img src="/images/stories/2012/09/rosedale1.jpg">
Something a little closer to the median house value, <a href="https://www.realestate.com.au/property-house-vic-meadow+heights-105826325.pdf?ab39445eec613da45104b31ed1d7b537" target="_blank">this four-bedroom house</a> (pictured below) was sold for $403,000 by YPA estate agents, with the opportunity to purchase extra land from the council to modify the barbecue area.
<img src="/images/stories/2012/09/dunkeld.jpg">
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Meadow Heights worst-performing Melbourne suburb in past year: Residex

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The popular tourism town of Bendigo, known for its rich gold mining history, has been the top-performing Victorian housing market over the past year, according to the latest Residex regional market index.
House values in the central northern town are up by 4.25% for the year ending August 2012, bettering the previous 12-month increase of 2.85%.
The median house price in <a href="/news">Bendigo</a> is $264,000.
Residex reports there was a 9.49% jump in sales activity, with 2,941 properties sold during 12-month period.
The average house rent price in Bendigo was up by 1.8% for the year, to $280, equating to a median yield of around 5.5%.
Bendigo outperformed other strong regional towns, including Shepparton (3.18% increase in house values), Mildura (up 2.92%) and Wodonga (up 2.93%).
Those regional towns were the only positive localites, with towns going back in value including Ballarat (-1.97%), Geelong and surrounding area (-3.8%), Castlemaine (-2.6%) and with Mornington and surrounding area at -4.06%.




Bendigo is situated approximately 150 kilometres north-west of Melbourne and is the fourth most populous city in Victoria, with an estimated urban population of 90,000.
According to the ANZ, <a href="https://www.propertyobserver.com.au/residential/bendigo-strongest-victorian-regional-housing-market-far-outperforming-shepparton-anz/2012070955483">Bendigo has outperformed</a> other regional and metropolitan cities in Victoria, including La Trobe Valley, Warrnambool and even Melbourne in terms of capital growth.
As of the year ending March 2012, Bendigo had a capital growth of 7%, compared with 5% in the La Trobe Valley and 4% in Warrnambool. Melbourne's capital growth fell 6%.
According to realestateview.com there are 171 properties for sale and 94 properties for rent in Bendigo. 

Recent property sales in Bendigo include <a href="https://www.domain.com.au/Property/For-Sale/House/VIC/Bendigo/?adid=2008302654" target="_blank">this three-bedroom modern home</a> (pictured below) through the Select Property Group for $295,000. Located in the heart of Bendigo, it offers magnificent views of the Sacred Heart Cathedral.
<img src="/images/stories/2012/09/vine.jpg" width="470">
A little higher than the median price, <a href="https://www.domain.com.au/Property/For-Sale/House/VIC/Bendigo/?adid=2007508586" target="_blank">this recently restored four-bedroom house</a> (pictured below) sold $367,500 through Kangaroo Flat Realty. Formerly a church (since 1891) it is approximately 325 square metres and has been revived for modern living and was sold in January this year.
<img src="/images/stories/2012/09/mackenziest.jpg" width="470">
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Bendigo best-performing Victorian housing market in past year: Residex

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The Mirvac Group has sold 50% of its stake in the Old Treasury Building, Perth to K-REIT Asia for $165 million.
It's a new A-grade commercial tower project on the site of Perth’s Old Treasury.
The deal will have to wait for approval from the Foreign Investment Review Board.
It has a construction completion date set for 2015.
The building will have 30,800 square-metre space with 98% pre-committed by a 25-year lease to the WA state government.
K-REIT will fund 50% of the development costs, at an effective rate of 7%.
Mirvac’s Bevan Towning said he was delighted with his company’s second co-investment with the Singapore-listed group.
“This transaction is Mirvac’s second co-investment with K-REIT, following the sale of a 50 per cent interest in our latest premium grade Sydney office tower, 8 Chifley Square, and we are delighted to work with K-REIT to deliver one of Perth’s flagship projects.”
Mirvac Constructions, a subsidiary of the Mirvac Group, will deliver the building under a fixed-price design. It is anticipated that on completion, Mirvac Asset Management will be appointed as property manager by the co-owners.
The property is targeting a five-star <a target="_blank" href="https://www.gbca.org.au/green-star/">green star</a> rating by the Green Building Council of Australia and is designed to achieve a 4.5-star <a target="_blank" href="https://www.cbd.gov.au/NABERSRatings.aspx">NABERS Energy Rating</a>.
Last November Property Observer reported the <a target="_blank" href="https://www.propertyobserver.com.au/developments/perth-s-old-treasury-to-become-aman-resort/2011110752242">Old Treasury buildings </a> were being refurbished into an ultra-exclusive Aman Resort, while a 35-level office tower was being developed at the centre of the site, which is part of the St George’s Terrace Cathedral Heritage Precinct.
 
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Mirvac sells 50% of the Old Treasury Building, Perth project to K-REIT Asia

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The popular Horizons Resort on Lake Jindabyne, NSW, has been listed for sale.
Ian Dore of Resort Brokers Australia has been appointed to sell the four-star tourist accommodation resort, which is priced at $2,995,000.
The large resort has 120 self-contained residential apartments, three separate conference rooms catering up to 250 people, as well as a tented function room. 
The holiday destination also includes a restaurant, bistro and bar, as well as a heated indoor swimming pool, gym, tennis court and undercover parking for visitors and employees. 
<img width="470" src="/images/stories/2012/09/horizons.jpg">
The first stage of the resort was built in 1995 and the final stage completed in 2000. The resort was owner-operated by the original developer. In 2002, management and leasing agreements were sold to an independent operator until 2011, when a protracted court case gave 100% control back to the original owner, who has since put the commercial property up for sale. 
The greatest demand for the resort is during the winter ski season, from June to September, with an occupancy rate of 90%.
It is also a destination during the summer period for weddings, conferences and events. It has an annual occupancy rate of 47%.
The 120 apartments include studios, deluxe studios and two-storey split apartments for the executive studios.
The price for one night for a studio apartment during the winter season is $250, with a deluxe studio at $300 and the executive studio valued at $450. 
During the summer season, excluding the holiday period of Christmas and New Year's, the cost for one night in a studio is $125, a deluxe studio for $150 and an executive studio for $275.
The 12 staff members are currently employed for the full year, with numerous casuals working during the winter ski season.
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Horizons Resort at Lake Jindabyne, NSW, listed for $2,995,000

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Complete with its sloping walls, balconies and staircases, the famous Ettamogah Pub at Table Top has been listed for liquidation sale about a year after its closure.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2012/09/ettamogah1.jpg">
The iconic original pub has been listed through Angus Macleod of Ray White Rural Wagga in conjunction with Ray White Hotels, acting under instructions from Andrew Bowcher, the official liquidator at RSM Bird Cameron.
It's been listed, along with the Ettamogah concept licence, after entertainment industry entrepreneur Leigh O'Brien, its owner, encountered financial difficulties.
It was reported in 2011 that O'Brien <a href="https://www.theage.com.au/victoria/ettamogah-publican-pursued-for-9-million-20110528-1f9rh">owed creditors about $9 million</a>.
The pub dates back to 1987 when built by Albury businessman Lindsay Cooper, based around the famous cartoons published by Ken Maynard.
The cartoons were published in the now defunct Australian Post magazine.
Maynard, who passed away in 1998, created the comic strip featuring the Ettamogah Pub and a motley bunch of characters, including koalas, kangaroos, kids and Struth, the boots-wearing cockatoo.
The original pub in Table Top was a faithful re-creation of the distinctive lopsided architecture and has since become an iconic tourist attraction. 
It is 15 kilometres out of Albury.
The timber watering hole, a replica of Ken Maynard's long-running Ettamogah Mob cartoon in the Australasian Post magazine, is set on 10 hectares.
The complex attracted about 1 million people a year at its peak when owned by a De Bortoli Wines subsidiary.
Another Ettamogah Pub was opened in 1989 in Queensland and then a further two pubs constructed, most recently in 2003, in Rouse Hill, Sydney and in 2001 in the town of Cunderdin, Western Australia, 156 kilometres east of Perth.
In 1992, both the original pub in Table Top and the one on the Sunshine Coast were put up for sale, with the buyer acquiring worldwide trademark and licence rights to the Ettamogah Pub “intellectual property”. It was bought in 1994 by current owner Leigh O'Brien.
Offers close on October 26.
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Ettamogah Pub at Table Top, Albury, in liquidation sale

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The historic Lewis Anchorage site, located on Mangrove Street, Taren’s Point, in Sydney’s South, has been listed for sale with $6 million expectations.
<img src="/images/stories/2012/09/lew.jpg">
The property is situated in the southern shores of Botany Bay in close proximity to the entrance of the Georges River.
The property, which is currently occupied by boat repair and maintenance businesses, has a land area of 8,704 square metres and a <a href="https://dictionary.nwc.gov.au/water_dictionary/item.cfm?id=707&amp;xref=1" target="_blank">water lease</a> of 6,025 square metres. The sale is being conducted through Brett Cooper of Cooper Wilson, who says comparable opportunities have been few.
The site has been in the current owner’s family since 1935 commencing with a long commercial association with Botany Bay oyster farming from the early 1900s. In 1956 the Lewis family successfully dredged providing better access to Botany Bay for many vessels.
 In 1978, following the demise of the Georges River oyster industry, Lewis Anchorage shifted focus from oyster farming to the marine business. With over two acres of land, large compounds were initially sectioned off to store small boats and trailers. A boat launching ramp was constructed so that it could launch three boats at the one time.
 To provide maintenance and repairs to boats, the construction of the 70-tonne capacity <a href="https://en.wikipedia.org/wiki/Ship_lift" target="_blank">ship-lift</a> was completed in 1986, to lift boats out of the water. Since then, the site has lifted and housed huge cruisers both private and commercial for maintenance. Both Riviera and Maritimo vessels are sent to the site for packing prior to being exported. The marine repair facility has catered for many essential service vessels and a wide variety of private crafts, including Water Police, Coast Guard, Sydney Port Pilots, the Navy and the Army.
Current outgoing rates that are associated with the anchorage include Council rates ($13,348.80 plus GST per annum), water rates ($684.28 plus GST per annum) and a land tax of $35,897.30 plus GST per annum.
The property is situated in the southern shores of Botany Bay and is in close proximity to the entrance of the Georges River. <a target="_blank" href="/news">Taren Point</a> is only six kilometres to Cronulla and 25 kilometres to the Sydney CBD.
Expressions of interest in the property close on October 11 unless sold prior.
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Historic Lewis Anchorage site fishing for $6 million new owner

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Japanese fashion brand Uniqlo has confirmed plans to open its first Australian store. Currently there are 903 Uniqlo outlets worldwide.
The company, best known for its multi-coloured micro-fibre wools and cottons clothing, will establish a Melbourne office in December.
Uniqlo spokesperson Aldo Liguori says the company's first store will open in 2013-2014.
“We expect to open one store in Australia during the fiscal year 2013," he says.
"We believe there is strong potential for the Uniqlo brand among consumers in Australia.”
Uniqlo is a subsidiary of Fast Retailing Pty Ltd, a global fashion operation.
The company was founded in 1984 in Japan, where it is listed on the Tokyo Stock Exchange.
Over the years, Uniqlo has moved into the fast fashion market.
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Japanese fast fashion powerhouse Uniqlo begins plans for Australian opening

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The uncertain Payless Shoes future – following last Friday's voluntary administration – will likely impact on landlords, with Centro and Westfield the hardest hit.
Westfield is the landlord of 30 outlets of the discount shoes company. The plurality of these, 13 stores, are in NSW.
There are another six outlets each in Victorian and Queensland Westfields, along with two each in the ACT and Western Australia and one in South Australia, as currently listed on the Payless Shoes website.
Centro Centres has 14 NSW Payless Shoes stores, followed by 10 in Victoria, six in Queensland, three in Western Australia and one each in South Australia and Tasmania.
NSW was the dominant location of all the 234 stores with 105 <a target="_blank" href="https://www.propertyobserver.com.au/retail/payless-trodden-into-voluntary-administration-by-poor-consumer-confidence/2012092456761">Payless Shoes outlets.</a>
Second was Queensland with 54 stores; Victoria third with 44, followed by 15 in Western Australia, seven in Tasmania, five in South Australia and only four in the ACT.
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Retail landlords Westfield and Centro hit hardest by Payless administration

After inspecting the a mixture of new apartment developments in Sydney's thriving north west corridor, Rouse Hill downsizers Lynne and Dale Kennedy were set to buy a two-bedroom apartment in <a href="https://www.apartments.com.au/developers/ellipse-property-group">Ellipse Property</a>’s Carrington Place development, until they saw the penthouse floorplans.

The retired police officer and her builder husband, aged in their mid-60’s, quickly upsized to a three-bedroom penthouse within the Atrium building, the first stage of the Castle Hill masterplan.

Their luxury apartment is one of eight in Atrium’s exclusive Penthouse Collection and features striking interior design. The penthouses offer flexible open-plan layouts with abundant space and tranquillity. With two living spaces, walk-in wardrobes and butlers’ pantries, Atrium’s penthouses feature large balconies with sweeping views to Cattai Creek and the wider Hills District.&nbsp;

“As soon as we saw the floorplan for this penthouse, we knew it was the one for us," Lynne said.

"It is oversized with abundant storage, so we know we are not going to feel cramped, even though we are downsizing from a large, five-bedroom family home. The open-plan design spills out to a large deck, perfect for entertaining and when the grandchildren visit. The finishes are top-quality and I love the butler’s pantry and integrated appliances in the kitchen – with the steam oven, pyrolytic oven and coffee machine all built in.”

High-quality material finishes and premium appliances are used throughout Atrium’s penthouse collection. Miele appliances in the newly-released Pearl Beige finish, Vintec wine fridges, Parisi tapware and fireplaces are set within luxe finishes including pure wool carpets and statement Caesarstone benchtops. Built-in barbecues, and in some cases bars and skylights, are further signature features of the penthouse design.

Dale Kennedy owns Inspect It FIRST, a building inspection company he has operated for over 25 years. With stringent views on design and build integrity, he was quick to recognise the quality behind the architectural design and iCIRT-rated builder, <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>.

“This penthouse sets a new benchmark in terms of quality and attention to detail. The floorplan is well-considered - special features like the skylight are a stand-out and not typical in new builds. The iCIRT-rated builder adds a further level of comfort buying off-the-plan, and we are confident that the finished apartment will be high-quality with no nasty surprises,” said Dale.

The Kennedy’s are excited at the freedom that apartment living will unlock for them.

[smartcode_project:default project_id=151821 project_image_fid=360287]

“We won’t have to maintain a house, swimming pool and gardens anymore, and are looking forward to having more leisure time," Lynne added.

"The low maintenance apartment lifestyle and security of the building means we can travel more and take extended trips. We can simply ‘lock and leave’, something we can’t do with a big house. We also love the location so close to Showground Metro Station and retail precinct, but without being in the thick of it. Everything is literally on our doorstep, just a few minutes’ walk. It will be so convenient being able to access the city so easily and not having to drive to the shops.”

After 11 years in their home on Morrisey Way, Rouse Hill, the couple will sell it before moving into their new penthouse. The expansive five-bedroom family home features a cinema, swimming pool and six-car garage.

There are just six penthouses left in Atrium’s Penthouse Collection in a mix of three- and four-bedroom configurations, ranging from 160 to 334 sqm in size and priced from $3.025 million to $5.4 million.&nbsp;

[smartcode_project:default project_id=151821 project_image_fid=360286]

According to <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, exclusive sales agents at Carrington Place, Atrium’s Penthouse Collection is meeting a groundswell of demand from local downsizers – aligned with broader trends in Metro-connected suburbs across Sydney.

“The Penthouse Collection sets a new standard for apartments in Castle Hill,"&nbsp;said Blake Schulze, National Director – Residential at Colliers.

"There is simply nothing else like these penthouses. Downsizers are drawn to their house-like scale and premium finishes. With sought-after views plus access to outstanding new local amenities, the Penthouse Collection unlocks a new lifestyle for buyers.

Schulze says buyers are drawn to Carrington Place’s lifestyle with close proximity to the Showground precinct’s vibrant mix of retail and dining options.

"Being able to walk to the Metro and this rapidly emerging lifestyle hub is of huge appeal to this demographic.”

According to Puja Khanna, Associate Director at Ellipse Property, the carefully curated interiors are proving to be a point of difference.&nbsp;

“Our floorplans have been thoughtfully considered, knowing that many buyers will be downsizing from large homes," Khanna says.

"Smart and abundant storage was an absolute must. And for many of our buyers, entertaining is a priority – with adult children, grandchildren and family visiting and sometimes staying over. We made sure bedrooms are spacious and living spaces are oversized, and kitchens incorporate butler’s pantries alongside the latest appliances."

Atrium is under construction by award-winning iCIRT-rated builder Decode Group, with completion scheduled for Q3 2026.&nbsp;

[smartcode_project:default project_id=151821 project_image_fid=360285]

<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a>, the second stage&nbsp;of Carrington Place, is set to commence construction later this month on the back of Atrium’s significant sales success, with 85 per cent of all apartments now sold.

Carrington Place will be constructed across multiple stages and deliver more than 800 new homes, with the entire precinct set for completion in 2032. It will feature abundant open space with over 20,000 sqm of outdoor recreational area, including a one-kilometre boardwalk to the nearby Fred Caterson Reserve.&nbsp;

The project is also integrated with the surrounding bushland, with a site boundary that stretches to the edge of Cattai Creek, immersing residents in the beauty of Sydney’s ‘Garden Shire’.

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Joel Robinson

Local downsizers set sights on Carrington Place, Castle Hill penthouses

Lifestyle, residential and wellness developer <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a>, and joint venture development partner lNT.RE (formerly Icon Developments) have announced the popular SOAK Bathhouse brand will anchor the ground floor of their $160m luxury <a href="https://www.apartments.com.au/new-apartments/emerald-place-by-lowe-living-200-clarendon-street-south-melbourne-vic-3205">Emerald Place</a> development at 182-200 Clarendon St, South Melbourne, which is set to open in August 2026.&nbsp;

This will be the second Melbourne outpost for the SOAK Bathhouse brand, after its inaugural Victorian location in South Yarra launched in 2025, which has quickly become a staple in Melbourne’s bathing and wellness scene.&nbsp;

SOAK Bathhouse has signed a 10-year partnership to take out the 459sqm prime corner ground-floor tenancy, which will join the other two retail tenancies, high-end commercial space and 38 ultra-luxury residential apartments and penthouses above.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=365847]

SOAK Bathhouse is renowned for its luxurious and socially-focused mineral pools, cold plunge, sauna, steam room, infrared LED therapies, and massage services. Its arrival at Emerald Place, South Melbourne marks a significant milestone for both brands and for South Melbourne.&nbsp;

While the specific inclusions of the venue are still under wraps, SOAK Bathhouse has confirmed the space will be equipped with a signature SOAK Bathhouse mineral pool, cold plunge, saunas and steam room, alongside a lush dedication to verdant greenery and ferns throughout the tranquil bathing spaces.&nbsp;

SOAK Bathhouse will serve both Emerald Place residents and the broader South Melbourne business community, creating a wellness destination that bridges the gap between work and home. For residents, it's a daily ritual on their doorstep. For the surrounding office workers, it's a place to decompress, recharge and transition between professional and personal life.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=365850]

The partnership has underpinned Lowe Living’s commitment to delivering wellness-led amenities that not only embed physical spaces within the projects but integrate established, renowned wellness brands to anchor and operate these spaces.&nbsp;

Through the partnership with SOAK Bathhouse, penthouse buyers will be granted complimentary memberships, while all other residents of the Emerald Place development will benefit from exclusive discounted access. Together, these privileges deliver a compelling lifestyle enhancement and a lasting investment in wellbeing.&nbsp;

Lowe Living has been steadily carving out a niche in the luxury property market as a wellness-led developer, having a partnership with the Sorrento-based Aurora Spa &amp; Bathhouse to offer a private, residents-only wellness spaces at its upcoming Camberwell and Brighton projects.&nbsp;

These partnerships with Aurora Spa &amp; Bathhouse and now SOAK Bathhouse, reinforce a broader shift across Lowe Living’s portfolio towards a meaningful commitment to health-focused amenity and wellness offerings.&nbsp;

[smartcode_project:default project_id=135816 project_image_fid=231195]

Since its inaugural offering in Mermaid Beach, which has since expanded nationally across Queensland, Sydney and Melbourne, SOAK Bathhouse has grown into a leading contemporary bathhouse brand, attracting a dedicated following thanks to its unique social-focused approach to bathing.&nbsp;

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said the Lowe Living team "view our partnerships as an extension of our design philosophy."

"We align with brands that genuinely elevate the everyday experience of our residents and deliver tangible value for our purchasers that enrich their lives.&nbsp;SOAK Bathhouse was a natural fit for Lowe Living and specifically Emerald Place. Their approach to contemporary bathing and social wellness strongly aligns with our vision of creating homes that prioritise long-term health, connection and lifestyle.”&nbsp;

Tim Lowe, Co-Founder and Managing Director of Lowe Living, said securing Melbourne’s second SOAK Bathhouse for Emerald Place is a significant milestone for Lowe Living, INT.RE and South Melbourne.&nbsp;

“This partnership reflects the continued evolution of luxury residential development," Lowe says.

"Today’s buyers are looking beyond finishes and floorplans and investing in holistic living environments, not just inside their apartments but in the communal and wider local amenity offerings, too."

[smartcode_project_cta:default project_id=135816]

Lowe Living secures SOAK Bathhouse on 10-year lease at Emerald Place, South Melbourne development

While the Gold Coast continues to densify around key transport and lifestyle nodes, <a href="https://www.apartments.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a> has retained its village-like charm even as demand intensifies for walkable beachside living. It’s a suburb that holds firm to its community feel, while sitting within one of Australia’s fastest-growing urban corridors.

Developer DANKAV put the neighbourhood and its residents first when drawing up the plans for <a href="https://www.apartments.com.au/new-apartments/the-alfred-residences-mermaid-beach-2375-gold-coast-highway-mermaid-beach-qld-4218">The Alfred Residences</a>, which will replace the former Mermaid Beach Shopping Village near Nobby Beach. The project marks a rare example of precinct renewal at a truly local scale.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/the-alfred-residences-mermaid-beach-2375-gold-coast-highway-mermaid-beach-qld-4218">The Alfred Residences</a>&nbsp;comprises a wide variety of one- and two-bedroom apartments, set above a new ground plane of curated hospitality and boutique retailers, all framed by generous laneways, shaded plazas, and garden paths designed to enhance pedestrian flow and public interaction.&nbsp;

[smartcode_project:default project_id=149942 project_image_fid=355148]

The site’s configuration reflects both a respect for the area's established rhythm and a recognition of its future trajectory, particularly with the planned Mermaid Beach South light rail station directly across the road.

Residents will find immediate access to both everyday needs and broader connectivity. A Woolworths Metro and local cafés are already operating nearby, while the beach sits just 100 metres from The Alfred’s front door. Pacific Fair, the region’s flagship retail centre, is also close by, with an extensive mix of dining, fashion and entertainment.&nbsp;

For those commuting or exploring beyond Mermaid Beach, the upcoming light rail link promises seamless movement north through Broadbeach, Surfers Paradise and into Southport, expanding access without the need for a car.

[smartcode_project:default project_id=149942 project_image_fid=355150]

Neighbouring locales such as Miami and Nobby Beach further enrich the lifestyle offering. These established precincts contribute everything from surf clubs and oceanfront parks to laid-back dining venues and independent retailers, all within a short walk or bike ride.&nbsp;

The Alfred effectively places residents within one of the Gold Coast’s most liveable pockets, where the essentials of daily life converge with long-term infrastructure planning and timeless natural appeal.

Predominantly local buyers jumped at the first release at The Alfred Residences, transacting the majority of the release in a matter of weeks. Demolition of the former shopping village is now underway, and Dankav expects completion of the first collection of residences in 2027.

[smartcode_project_cta:default project_id=149942]

The Alfred Residences brings village-style living to the heart of Mermaid Beach

<a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a> is better known for bus interchanges and Westfield than for high-end apartment towers. Kabbalah, on Playfield Street, is a deliberate push against that reputation.

Developed by <a href="https://www.apartments.com.au/developers/playfield-developments">Playfield Developments</a>, the building holds 64 apartments, all three and four bedrooms, across its 13 storeys. The apartments are generous by any measure: lower-floor three-bedrooms start at 164 sqm, each with a multi-purpose room and private balcony, while the north-facing penthouse stretches to 382 sqm. Every residence comes with two car spaces.

<a href="https://www.apartments.com.au/architects/ana-architects">ANA Architects</a>, the Brisbane firm behind the 25-storey Willahra Tower on Queen Street and the 45-storey Mantra on Mary in the CBD, shaped the building around curved forms drawn from the natural landscape. Balcony gardens run throughout, with planter boxes worked into the private outdoor spaces of each apartment, giving residents greenery at the threshold rather than just at the rooftop.

[smartcode_project:default project_id=149578 project_image_fid=354319]

That rooftop carries its own weight: a pool, landscaped gardens, and outdoor entertaining areas sit above the city, designed as much for quiet evenings as for hosting. The wellness offering continues at ground level, where a centre with pool, sauna, and communal lounge zones anchors the building's other end. Together they give the building a rhythm, somewhere to arrive at the top and somewhere to retreat to below.

The site itself is part of the pitch. "One of the last available sites to develop in an established precinct," is how Playfield Developments describes the Playfield Street address, and the surrounding context backs that up. Westfield Chermside, the second largest Westfield in Australia, is within a few minutes on foot, along with its dining precinct and cinema complex.&nbsp;

The Chermside bus interchange connects directly to the Brisbane CBD and across the northern suburbs via more than 20 Translink routes, with the CBD roughly 15 minutes away by road. The Prince Charles Hospital, one of Queensland's major teaching hospitals and the state's leading cardiac centre, is roughly a kilometre up the road on Rode Road.

[smartcode_project:default project_id=149578 project_image_fid=354321]

Place Projects is handling sales, bringing a track record across some of Queensland's largest residential developments. Early buyer response has centred on the finishes and scale, "buyers consistently comment on the high-quality finishes throughout the apartments," the sales team notes, pointing to craftsmanship and considered design as the recurring draw.&nbsp;

"They're looking for generously sized apartments that offer both space and functionality, combined with a strong lifestyle offering," Place Projects says.

Construction has been awarded to Clearcon, with completion slated for late 2027. Pricing runs from $1.5 million for a lower-floor three-bedroom up to $3.65 million for the penthouse.

[smartcode_project_cta:default project_id=149578]

Playfield Developments brings 64 apartments to Chermside with Kabbalah

More than 3,000 dwellings are currently selling or gearing up to launch across Surfers Paradise, the suburb’s most concentrated apartment pipeline in years. At least eight projects are already in market, with more moving through registration and presale, creating a meaningful wave of new supply.

This isn’t happening in a vacuum. Strong interstate migration into Queensland, particularly the Gold Coast, continues to underpin demand, with the local population expected to push past 800,000 in the early 2030s.

We’re also seeing solid early-stage buyer activity. As usual, the earliest phases tend to offer the best mix of pricing and choice, before the more popular layouts get snapped up.

Comparing Surfers Paradise projects? Browse all listings → <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">View all Surfers Paradise apartments</a>

<hr data-end="1189" data-start="1186" />
<h2 data-end="1218" data-section-id="tdhbfr" data-start="1191">How to Read the Pipeline</h2>

Apartment projects in Surfers Paradise are at various stages of their project lifecycle, from pre-launch, selling now, construction commenced, or construction complete.

Where you buy in that cycle matters.

<ul data-end="1674" data-start="1409">
	<li data-end="1542" data-section-id="d5c11p" data-start="1409">Registration and&nbsp;presale: Typically the lowest price points and best choice, but with longer wait times to completion</li>
	<li data-end="1608" data-section-id="plnjqp" data-start="1543">Under construction: Greater certainty, shorter timelines.</li>
	<li data-end="1674" data-section-id="13k7yl8" data-start="1609">Completed: No construction risk, but pricing reflects that.</li>
</ul>

The projects below are grouped by stage to help buyers understand where they sit in the buying window.

<hr data-end="1942" data-start="1939" />
<h2 data-end="1967" data-section-id="zj5dj7" data-start="1944">Projects Now Selling</h2>

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a> is the newest apartment development to launch in Surfers Paradise.

Exhale, being developed by SIERA, comprises just 54 apartments, a density not often seen in Surfers. It sits on the corner of Enderley Avenue and Garfield Terrace, just off Northcliffe Beach. SIERA Founder and Managing Director Brent Thompson spent over a year trying to secure the rare beachside site.

[smartcode_project:default project_id=112661 project_image_fid=359603]

SIERA engaged BDA Architecture to design the building, with a striking glass curtain wall&nbsp;façade.

Offering two-, three-, and four-bedroom apartments, Exhale will also offer its residents a two-level wellness podium with a heated magnesium pool, spa, sauna, Nordic&nbsp;cold shower, and biophilic designed landscaped gardens.

There's also a dedicated Pilates and yoga studio, library and reading retreat, cinema lounge, and private dining room with a private bar and wine cellar.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about Exhale →</a>

<hr data-end="2500" data-start="2497" />
Paradiso Place is the largest project currently in market in Surfers Paradise. Developer SPG Land recently begun construction on its 845-unit development they are bringing to 103 Ferny Avenue.

[smartcode_project:default project_id=106566 project_image_fid=185858]

At this scale, it’s effectively its own sub-market, offering a wide mix of configurations across multiple price points, from entry-level investor stock through to larger owner-occupier product. Amenities include a pool, gym, and outdoor spaces.

With projects of this size, early buyers typically benefit most from the broader selection before key layouts are taken up.

<a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about Paradiso Place →</a>

<hr data-end="2500" data-start="2497" />
Jewel Residences is the only completed development on this list. The three towers, which drastically altered the Surfers Paradise skyline when they were complete in 2020 from their dress circle position&nbsp;at 36 Old Burleigh Road, home 512 apartments.

[smartcode_project:default project_id=8843 project_image_fid=264503]

With the six-star The Langham within the middle tower, Jewel offers&nbsp;​​​​​​significant hospitality venues including&nbsp;signature restaurants, a bar, cafe, and a resort pool with a swim-up bar

<a href="https://www.apartments.com.au/buildings/jewel-residences-surfers-paradise-36-old-burleigh-road-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about Jewel Residences </a>

<hr data-end="2938" data-start="2935" />
Andrews Projects recently commenced construction at South Beach, just shy of 400 apartments at 3006–3016 Surfers Paradise Boulevard. Prices start from $1.08 million for the one-bedroom apartments.

[smartcode_project:default project_id=8887 project_image_fid=358399]

Central to the South Beach offering is a 5,500m sqm wellness and lifestyle precinct designed around the concept of renewal as a daily ritual.

The wellness facilities include sunrise and sunset pools, an indoor hydrotherapy pool, plunge baths, a Hammam, traditional and infrared saunas, red-light therapy and dedicated treatment rooms. A Technogym gym,&nbsp;cinema, co-working lounge and a range of indoor and outdoor dining and entertaining spaces, including BBQ terraces, complete the amenity.

<a href="https://www.apartments.com.au/new-apartments/south-beach-surfers-paradise-3006-3016-surfers-paradise-boulevard-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about South Beach →</a>

<hr data-end="3316" data-start="3313" />
Another new entry to the market is Palmera Residences, developed by Central Equity at 18 Garfield Terrace. That majority of the 347 residences are large three-bedroom apartments, priced from just shy of $3 million.

[smartcode_project:default project_id=108274 project_image_fid=361247]

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>&nbsp;is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between&nbsp;<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a>&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-surfers-paradise-18-garfield-terrace-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about Palmera Residences →</a>

<hr data-end="3711" data-start="3708" />
26 Vista has benefitted from the boom in Surfers Paradise over the last few years. Over 70 per cent of the 280 apartments have sold, with the remaining priced from $1.86 million.

[smartcode_project:default project_id=112730 project_image_fid=365605]

26 Vista, being developed by MRCB, is scheduled to complete in late 2030 and has attracted strong interest from locals and interstate buyers, Matt George, from project marketer Urban Activation, says.

“The diverse mix of buyers we’ve seen investing in this development stands as a testament to the superior product that is being offered. 26 Vista is truly the gold standard for coastal living, with its thoughtfully considered design and its commitment to providing residents with five-star luxury in sub-tropical surrounds.”

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-surfers-paradise-18-garfield-terrace-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about 26 Vista →</a>

<hr data-end="3711" data-start="3708" />
Away from the beach and closer to the Budds Beach area of Surfers Paradise is Homecorp's new tower, Florence Residences.

[smartcode_project:default project_id=150414 project_image_fid=357950]

The Monte Carlo building has 116 apartments amid a suite of wellness spaces including&nbsp;a private residents’ only wellness club including a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium and a spacious yoga and Pilates studio.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217" style="text-decoration:none">Enquire about Florence Residences →</a>

<hr data-end="4321" data-start="4318" />
<h2 data-end="4364" data-section-id="1bj0450" data-start="4323">The Broader Pipeline</h2>

There's a lot more to come in Surfers Paradise in the coming years. The most interest is likely the two-tower beachfront project proposed by Winx billionaire John Camilleri. The two towers, which will comprise 275 apartments, are to be connected by a 45-storey skybridge.

On the more boutique end, Cavella, by SEYAH, will have <a href="https://www.apartments.com.au/news/qld/first-look-seyah-to-launch-cavella-in-emerging-sunrise-boulevard-surfers-paradise-pocket-following-density-rethink">just 18 residences</a> across a more modestly-sized 12-level building, also nearer the river than the beach.

For a broader view, see our breakdown of the top 10 new apartment projects launching on the Gold Coast in 2026, covering key opportunities suburb by suburb.

<hr data-end="5185" data-start="5182" />
<h2 data-end="5234" data-section-id="1kp72fk" data-start="5187">What Buyers Should Weigh Up Before Enquiring</h2>

Where a project sits in the development cycle matters just as much, if not more than, the price.

An off-the-plan apartment at registration stage may offer the lowest entry point, but it typically comes with a 24–36 month settlement timeline.

Later-stage projects trade some of that upside for greater certainty, so the right choice ultimately depends on your timeframe, risk appetite, and what you’re prioritising: price, selection, or delivery.

Andrew Bishara

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