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{yoogallery src=[images/stories/november28anderson]}
Former Baywatch babe Pamela Anderson has listed her Malibu house for rental for US$20,000 per week or US$75,000 per month.
Although the listing photos are deliberately washed out and show little but a few splashes of flowers among a sea of white, the listing information on the <a href="https://www.vrbo.com/387082#photos" target="_blank">Vacation Rental By Owner</a> website says it was "designed and decorated by the owner herself, Pamela Anderson, who’s [sic] homes have been featured in many of the top architectural publications".
The main bedroom has a marble open fireplace ("very Pammy," says the listing), HD TV and mountain views, and the other two bedrooms both include HD TVs. It comes with a housekeeping staff, including vegetarian chef - noted animal lover Anderson is vegetarian.
Her own beloved golden retriever features in several of the pictures, and Anderson stresses that the house is pet-friendly: "Of course, pets are allowed to bring their owners… as long as they’re house trained! "
Anderon says she is listing the house for rent because she hasn't been spending much time there lately.
""I'm traveling so much these days and am enjoying a lot more time in my native Canada with my family… I’m finally willing to share my masterpiece – what I’ve co-created with a handful of green architects and designers/inspired by my favorite architect Lautner – this is my humble stab at perfection…it’s a magical spot," she says.
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Pamela Anderson lists her Malibu house for rent for US$75,000 a month

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13/7 Davison Street, Richmond, VIC, 3121
<img src="/images/stories/davison.jpg">
The tenants of this one-bedroom Richmond unit with a car space are paying $270 per week and although the lease is expired, are keen to stay on. <a target="_blank" href="https://www.runproperty.com.au/buying/search">RUN Property</a> agent Carol Hayes marketed the property before auction with price hopes of $280,000 plus. It sold at auction on Saturday, November 26 for for $290,000, which equates to a gross rental yield of 4.8%, higher than the indicative gross rental yield for Richmond units of 4%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The property is close to Victoria Street restaurants, Victoria Gardens and public transport. <a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $7,000. 
For more information about yields and prices in Richmond, see the <a href="/news">RP Data suburb page</a>.
For more investment prospects that went auction this weekend, see pages 2 and 3.
 
<hr class="system-pagebreak">
14 Chagall Court, Scoresby, VIC, 3179
<img src="/images/stories/chagall.jpg"> 
This three-bedroom, two-bedroom house with two car spaces is rented until July 2012 at $355 per week. Michael Sergides from <a target="_blank" href="https://www.firstnational.com.au/?pageCall=property&amp;propertyID=1890973">First National Real Estate</a> is marketing the property with price hopes in "the low $400,000s". If it sells for $400,000 that would secure an investor a gross rental yield of 4.6%, higher than the indicative gross rental yield for Scoresby houses of 3.8%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The property is in a quiet court and is close to EastLink. <a href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT" target="_blank">Washington Brown</a> estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $10,000. The property was passed in at auciton on Saturday, November 26 at 11am. 
For more about yields and prices in Scoresby, see the <a href="/news">RP Data suburb page</a>.
<hr class="system-pagebreak">
28 Adelaide Avenue, Umina Beach, NSW, 2257
<img src="/images/stories/adelaideav.jpg">
"Rose Cottage" is a three-bedroom property close to the sea, and its tenants pay $330 per week. The lease is expired but the tenants are keen to stay on.  <a href="https://www.mcgrath.com.au/buy/house-umina-beach-nsw-2257/134592/?searchID=11200073" target="_blank">McGrath</a> agent Craig Harrison is marketing the property with price hopes of $350,000 plus, and if it sold before its scheduled Saturday auction for $375,000.  This equates to a gross renal yield of 4.6%. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees. The 1920s property includes a pool and is a 10-minute walk to the beach. <a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $8,000. 
 
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Weekend Yield Watch: Gross yield of 4.8% in Richmond

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<div style="text-align: left;">
{yoogallery src=[images/stories/november24mcgregor]}
<a href="https://www.realestate.com.au/property-house-vic-middle+park-108524111" target="_blank">20 McGregor Road, Middle Park, VIC, 3206</a>
This early Edwardian brick property has undergone one of the most extensive renovations seen in the area.
The property will appeal to buyers looking for that genuine wow factor, as every element of the home has cutting-edge detail. For a period home the property has good light penetration through large floor-to-ceiling windows on the northeast side of the property.
The floor plan is a flexible one with most rooms in the right position. If you were a family with very young children looking to purchase this property a concern may be the master bedrooms separation from the other bedrooms. On the other hand this may be a bonus if your children were teenagers and you actually wanted some zoning capabilities.
The studio on top of the garage gives flexibility, as it could be used as a teenager retreat/bedroom, home office or studio. This property may also appeal to downsizers who like to entertain and need extra accommodation, yet want the flexibility to leave the property for extensive periods of time.
The outside courtyard links well with the kitchen and family room, however it would benefit from some garden/tubs to soften its sharp edges.
The property is well position to access the many attractions the area is well known for, such as Victoria Avenue, South Melbourne market, Albert Park Lake and the beach.
James Buyer Advocates rates this property 806 out of 1,000, which puts it in the category of "exceptional home". The agent declined to give a price quote, but it is in the James category of $1 million to $3 million. It will go to auction on Saturday, November 26 at 2.30pm. 
It is being marketed by Kaine Lanyon of Marshall White Armadale.
</div>
<div style="text-align: left;">Guy Angwin is a buyers' advocate at <a target="_blank" href="https://www.jamesbuyeradvocates.com.au/">James Buyer Advocates</a>, which posts home ratings, market analysis and buyer advice on its website.</div>
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Middle Park renovated property with the wow factor

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Vendors in rural and regional areas are having to offer much deeper discounts than their city cousins in order to sell their properties, according to SQM Research. 
In releasing SQM's weekly top 10 most discounted properties list, SQM director Louis Christopher notes that many of the regions represented are areas of low population density. Regions include Macleay Island, off the coast of Queensland, and several properties on the NSW Central Coast.
"Many of these homes are located in what SQM Research would regard as relatively unpopulated regions (compared to inner-ring/capital city areas)," Christopher says.
"The demand for such homes therefore, tends to be significantly lower than for those in more highly populated or centralised locations, which can potentially provide some form of explanation as to why there tends to be larger discounts in these regions."
<h2 style="font-size: 18px; line-height: 21px;">1</h2>
<a href="https://&lt;http:/sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479093" target="_blank">588 White Beach Road, White Beach, Tasmania, 7184</a>
On the market since: May 23, 2010
Initial asking price: $780,000
Current asking price: $400,000
Reduction: 49%
Days on market: 539
 
<h2 style="font-size: 18px; line-height: 21px;"></h2>
<h2 style="font-size: 18px; line-height: 21px;">2</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106479016" target="_blank">92 Beelong Street, Macleay Island, Queensland, 4184</a>
On the market since: May 23, 2010
Initial asking price: $590,000
Current asking price: $340,000
Reduction: 42%
Days on market: 538
 
3
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008940771">102 Fountain Road, Burpengary, Queensland, 4505</a>
On the market since: April 17, 2011
Initial asking price: $1.2 million
Current asking price: $699,000
Reduction: 42%
Days on market: 211
 
<h2 style="font-size: 18px; line-height: 21px;">4</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D105832903" target="_blank">3 Boolari Road, Gosford West, NSW, 2250</a>
On the market since: July 8, 2009
Initial asking price: $990,000
Current asking price: $580,000
Reduction: 41%
Days on market: 857
 
<h2 style="font-size: 18px; line-height: 21px;">5</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106866439">329 Waterford Road, Ellen Grove, Queensland, 4078</a>
On the market since: October 16, 2010
Initial asking price: $1,275,000
Current asking price: $800,000
Reduction: 37%
Days on market: 392 
 
<h2 style="font-size: 18px; line-height: 21px;">6</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008729828">2/18 Campbell Crescent, Terrigal, NSW, 2260</a> (pictured)
On the market since: December 11, 2010
Initial asking price: $1.99 million
Current asking price: $1.25 million
Reduction: 37%
Days on market: 336
 
<h2 style="font-size: 18px; line-height: 21px;">7</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008491614" target="_blank">25 Vicary Street, Triabunna, Tasmania, 7190</a>
On the market since: August 2, 2010
Initial asking price: $299,000
Current asking price: $189,000
Reduction: 37%
Days on market: 470
 
<h2 style="font-size: 18px; line-height: 21px;">8</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007193295" target="_blank">290 Viveash Road, Swan View, WA, 6056</a>
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.45 million
Reduction: 37%
Days on market: 1,257
 
<h2 style="font-size: 18px; line-height: 21px;">9</h2>
<a href="https://&lt;http:/sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107366585" target="_blank">146 Maddington Road, Maddington, WA, 6109</a>
On the market since: April 30, 2011
Initial asking price: $5.5 million
Current asking price: $3.5 million
Reduction: 36%
Days on market: 196
 
<h2 style="font-size: 18px; line-height: 21px;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007217761" target="_blank">1302 Birkdale Place, Magenta, NSW, 2261</a>
On the market since: June 17, 2008
Initial asking price: $700,000
Current asking price: $450,000
Reduction: 36%
Days on market: 1,243
 
<h2> </h2>
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
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Regional areas dominate SQM's top 10 discount list

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{yoogallery src=[images/stories/november24brucewillis]}
Action hero Bruce Willis has put his eight-hectare Idaho ranch on the market with price hopes of US$15 million. Willis bought the property in 2003 but has not been able to spend as much time there as he would like, according to the <a target="_blank" href="https://online.wsj.com/article/SB10001424052970204323904577038492543271720">Wall Street Journal</a>.
The six-bedroom, six-bathroom house is decorated in a plush rustic style, featuring plenty of stone and exposed wood. The property includes ponds, waterfalls and undisturbed thick woods, as well as a guest cottage and separate gym. The heated pool has water slides and a rope swing.
Willis, a marquee action star since the 1980s, owns several properties in the area, according to the Journal.
<a target="_blank" href="https://www.janinebear.com/Nav.aspx/Page=/ListNow/Default.aspx">Janine Bear </a>of Sotheby's International Realty is marketing the property.
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Bruce Willis lists ranch for US$15 million

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<table style="width: 465px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="228" nowrap valign="bottom">
Suburb
</td>
<td width="119" valign="bottom">
Postcode
</td>
<td width="119" nowrap valign="bottom">
Rental median for houses
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
CLONTARF
</td>
<td width="119" valign="bottom">
2093
</td>
<td width="119" nowrap valign="bottom">
$1,395
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
BALGOWLAH HEIGHTS
</td>
<td width="119" valign="bottom">
2093
</td>
<td width="119" nowrap valign="bottom">
$1,350
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
BAYVIEW
</td>
<td width="119" valign="bottom">
2104
</td>
<td width="119" nowrap valign="bottom">
$1,100
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
MANLY
</td>
<td width="119" valign="bottom">
2095
</td>
<td width="119" nowrap valign="bottom">
$1,000
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
SEAFORTH
</td>
<td width="119" valign="bottom">
2092
</td>
<td width="119" nowrap valign="bottom">
$995
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
NORTH BALGOWLAH
</td>
<td width="119" valign="bottom">
2093
</td>
<td width="119" nowrap valign="bottom">
$950
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
CHURCH POINT
</td>
<td width="119" valign="bottom">
2105
</td>
<td width="119" nowrap valign="bottom">
$900
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
BALGOWLAH
</td>
<td width="119" valign="bottom">
2093
</td>
<td width="119" nowrap valign="bottom">
$895
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
FRESHWATER
</td>
<td width="119" valign="bottom">
2096
</td>
<td width="119" nowrap valign="bottom">
$895
</td>
</tr>
<tr>
<td width="228" nowrap valign="bottom">
PALM BEACH
</td>
<td width="119" valign="bottom">
2108
</td>
<td width="119" nowrap valign="bottom">
$890
</td>
</tr>
</tbody></table>
 
Source: RP Data
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Top 10 most expensive suburbs in Sydney's northern beaches for house rentals

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Tech seed fund Pollenizer is looking for partners to accelerate its latest venture, niche property website Unrenovated, which has already attracted investments totalling around $250,000. 

Unrenovated, which only features unrenovated properties in Sydney’s inner west, was co-founded by Pollenizer, real estate expert Dan Strachotta, and serial entrepreneur Julio Labraga. It has been up for about a month.  
Strachotta, former head of residential sales at realestate.com.au, is chief executive of the business while Labraga will hold the title of chief operating officer. 
On the site, homes with renovation potential are hand-picked from thousands of residential properties, so buyers spend less time searching online and more time actually renovating. 
Property condition reports help buyers determine whether a property is derelict or simply requires cosmetic renovations, while special deals help buyers when they’re purchasing property. 
For real estate agents, Unrenovated provides a simple listing facility that integrates directly with industry-standard systems, which agents are familiar with. 
Pollenizer co-founder Mick Liubinskas says the idea came about after speaking to Labraga about his struggle to find suitable properties to renovate. 
“The partnership with Julio made perfect sense [while] Dan was looking to get into something early stage he could make an impact on,” Liubinskas says. 
“We’re looking for partners to join the team… We’ve launched, we’ve got a good team and good traction. There’s been about $250,000 invested so far.” 
“Agents are very active and using internet advertising, so that’s really positive.” 
“In terms of feeing property to us, there are about eight agents supplying content. We’ve already got feeds from LJ Hooker, Ray White, Raine &amp; Horne, and Laing + Simmons.” 
Liubinskas says Unrenovated represents a strong niche in the real estate industry, and he is hopeful it can forge future partnerships. 
According to Liubinskas, about 10% of residential properties in any area are in need of a renovation, but Sydney’s inner west has a slightly higher representation. 
While the site is currently limited to a handful of suburbs, there are plans to expand into the greater Sydney region over the coming months. 
Strachotta says with the rise of reality shows such as The Renovators, coupled with high prices across Sydney’s property market, the idea of renovating has never been more popular. 
“It’s a good way for first-time or experienced buyers to benefit from the current market conditions,” Strachotta says. 
“Unrenovated is all about making it easier for buyers to find the right property so there’s no more scouring through thousands of properties to discover that untouched gem.”
This article originally appeared on <a target="_blank" href="https://www.propertyobserver.com.au/https://www.startupsmart.com.au/growth/pollenizer-hunts-funding-for-property-start-up-unrenovated/201110214269">StartupSmart</a>.
 
 
 
 
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Pollenizer seeks funding for property start-up Unrenovated

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A new development in Southbank is set to resemble New York’s famous Flatiron building.
<img src="/images/stories/banque1.jpg">
To cope with the triangular block, Chinese developer CBD will create an unusually shaped 22-storey building in Clarke Street, Southbank. Urban Design Architects has designed the project.
Sales consultant Paul Raimondo of Castran Gilbert, which is marketing the off-the-plan apartments, says the unusual footprint offers buyers a choice of more appealing designs.
“Because the block is triangular in shape, it’s made some interesting floorplans,” Raimondo says. “They are not the standard rectangular boxes.”
He adds that the building’s shape helps illuminate more of the interiors.
“Almost all of them have natural light to all the bedrooms, which is rare these days,” he says.
<img src="/images/stories/banque2.jpg">
The development will comprise 92 one- and two-bedroom apartments, with the ratio about one-third to two-thirds in favour of the larger configuration. One-bedroom apartments will range from 35 square metres to 40 square metres, and two-bedroom units will be between 55 and 71 square metres. One-bedroom units start at $249,950, and two-bedroom units start at $399,000.
Raimondo says sales have been brisk since the development launched about three weeks ago, with about 20 of the units already sold.
<img src="/images/stories/banque4.jpg">
He says they have sold to an even mix of owner-occupiers and investors, as the location and price point appeal equally to both.
“We’re going to target younger people, first-home buyers who want to live out of home and live in the city,” Raimondo says. He adds that the Southbank location also appeals to investors.
“They will rent really well, due to their proximity to Crown and the city.”
Construction is expected to begin in February 2012 and be finished in the middle of 2013.
For advice on buying off the plan, download our free e-book.
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Banque88 development emulates New York's Flatiron building in Southbank

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{yoogallery src=[images/stories/november23breakingdawn]}

Cashed-up Twihards can stay in the house where Bella and Edward consummated their marriage for about $4,000 a night.

<img src="/images/stories/bellaedward1.jpg">

The six-bedroom, 1,022-square-metre house is in Mamangua Bay, between Rio de Janeiro and Sao Paulo, Brazil. The honeymoon scenes in Breaking Dawn: Part 1 were filmed at the house, called <a href="https://www.casaemparaty.com.br/en/default" target="_blank">Casa em Parat</a>y, in addition to a soundstage in the US. 

<img src="/images/stories/bellaedward2.jpg">

Casa em Paraty was designed by Thiago Bernardes and includes a 220-metre private beach and 700 square metres of verandas. It rents for R$7,000 a night, or about A$3,930.

Those on "Team Edward" will know that the vampire reduces the marital bed to splinters on the couple's wedding night, but as the bedroom scenes were not filmed at Casa em Paraty, the main bedroom is still intact. 

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=90553]

[smartcode_project:default project_id=24323]

[smartcode_project:default project_id=3459]
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Twilight Breaking Dawn honeymoon house available for rent for $4,000 per night

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{yoogallery src=[images/stories/november22oprah]}
Talk show queen Oprah Winfrey has put a palatial three-bedroom, 428-square-metre Chicago apartment on the rental market for US$15,000 per month.
Winfrey bought the apartment in 2006 for US$5.6 million but never moved into it, according to <a target="_blank" href="https://www.chicagotribune.com/classified/realestate/chi-oprah-renting-east-lake-shore-drive-coop-for-15k-a-month-20111115,0,183477.story?track=rss&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+chicagotribune%2Frealestate+%28chicagotribune.com+-+Real+Estate+News%29&amp;utm_content=Google+Reader">The Chicago Tribune</a>.
The Beaux Arts-style building was designed by Benjamin Marshall and built in 1913, and it comprises 13 apartments. Winfrey's rental apartment includes a wine room, library, formal dining room, high ceilings and solarium. 
It is listed by<a target="_blank" href="https://www.coldwellbankeronline.com/property/details/2285629/MLS-07906261/199-East-Lake-Shore-Drive-Chicago-Near-North-Side-IL-60611.aspx"> </a><a href="https://www.bradlippitz.com/property/chicago/07906261.cfm?searchId=a9533805-c8c2-42d0-9f3e-f606e0ef9eae&amp;page=1&amp;pageSize=20&amp;sortType=1" target="_blank">Prudential Rubloff</a> agent Brad Lippitz.
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Oprah puts Chicago unit on the rental market for US$15,000 a month

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

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Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Cassidy Knowlton

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