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With production costs on the rise, land losing value and supermarket wars driving down the price of milk, Victorian dairy farmers are doing it tough. 
Farm gate milk prices have fallen 15% in 12 months to 35¢ per litre, according to recent ABC television program The Business. 
It now costs far more to produce a litre of milk than the farmer will recoup by selling it.
“Some farmers are earning as little as 28¢ a litre,” according to Kerry Callow, United Dairy Farmers of Victoria president.
“Most farmers are facing a loss this year … as the cost of feed and electricity has risen up to 50%,” says accountant and dairy specialist Gary Smith from Coffey Hunt Accountants. 
“On an average client, we are looking at a cashflow effect of $250,000.”
The rising costs are clear to Dick McAlpine, a dairy farmer from Woodside North. 
McAlpine told Stock &amp; Land the costs have rapidly increased for his 160-hectare property, from $6,000-$7,000 per month to approximately $11,000 per month.  
Not only are production costs rising, but farm prices in Victoria are to have gone from around $7,000 per acre to $4,000-$5,000 per acre, according to one report.
“Its common in today’s market for all farms, including dairy farms, to be on the market for many months,” according to Greg Tucket, a stock and station agent with Elders for 32 years.
There has been “scant enquiry”, and “I’m not seeing any sales in Gippsland of any significance” he told Stock &amp; Land.
Farmers have no choice but to wait for prices to pick up for both their properties and their products.
Land capital assets have been significantly devalued, according to Ron Paynter, deputy president of the United Dairy farmers of Victoria.
“Those with cash resources behind them have been able to purchase poorer-quality property at maybe three-quarters of the prices that were being asked four years ago,” Tucket said.
Farmers are trying to hold onto their values, with many farms on the market for over 12 months unable to find buyers.
Paul Bourke from Gippsland Real Estate says: “There are plenty of farms that could be bought at the right money… It is very tough at the moment, I haven’t seen it tougher.” 
Victoria is responsible for the majority of Australia's milk production producing over 65% of the total output.
<img src="/images/stories/2013/02/camperdown.jpg" width="470" height="306" alt="camperdown">
Property Observer compiled a list of three current offerings, including a <a target="_blank" href="https://www.farmbuy.com/Listing_Display.aspx?ListingID=99510">180-hectare holding at Camperdown Victoria</a> (pictured above), 194 kilometres south-west of Melbourne. The farm is described by First National Real Estate agents as an "outstanding, high-productive, well-balanced dairy farm situated in prime tightly held area".  The property is for sale at $2,447,500, representing $5,500 per acre or $13,597 per hectare.
A 186-hectare irrigation dairy farm (pictured below) in Yarram District is rated a 300-cow farm. <a target="_blank" href="https://www.farmbuy.com/Listing_Display.aspx?ListingID=102490">It's for sale at $3,600 per acre, or a total of $1,652,400</a>.
<img src="/images/stories/2013/02/farm2.jpg" width="470" height="290" alt="farm2">
<a target="_blank" href="https://www.farmbuy.com/Listing_Display.aspx?ListingID=93556">A 134 hectare Leongatha property </a>(pictured below) is listed at a rate of $6,250 per acre, or a total of $2,062,500.  
<img src="/images/stories/2013/02/farm3.jpg" width="470" height="353" alt="farm3">
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Sour news for Victorian dairy farmers as milk and property lose value

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A four-bedroom house in Somerton Park, South Australia, was the top sale in the country last week.
<img src="/images/stories/2013/02/wilkinsonave.jpg" width="470" height="353" alt="wilkinsonave">
 The house at <a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/12_wilkinson_avenue_somerton_park_sa_5044/10530717">12 Wilkinson Avenue, </a><a href="/news">Somerton Park</a> (pictured above), was sold for $3 million last week by Lew Toop from Toop &amp; Toop Real Estate.
Built in 2010 and within walking distance of the beach, the house has three bathrooms and in-ground swimming pool, along with a four-car garage plus workshop and further off-street parking. 
On the market for 17 days, the 495-square-metre house sits on 925 square metres of land. 
The property was last sold for $1.21 million in July 2008, for $805,000 in August 2005 and $450,000 in June 2000, according to RP Data.
Somerton Park is located 12 kilometres south-west of Adelaide in sits within the local government area of Holdfast Bay.
 
In the last 12 months in Somerton Park:
<ul>
<li>53 houses sold</li>
<li>$580,000 median sale price</li>
<li>95 average days on market 
</li>
</ul>
The top 10 sales in Australia last week were (RP Data):
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/12_wilkinson_avenue_somerton_park_sa_5044/10530717">12 Wilkinson Avenue, Somerton Park, SA, 5044</a>, four-bedroom house, sold at auction on January 31 by Toop &amp; Toop Goodwood for $3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/945_barrenjoey_road_palm_beach_nsw_2108/5301020" target="_blank">945 Barrenjoey Road, Palm Beach, NSW, 2108</a>, five-bedroom house, sold on February 2 by Barrenjoey Properties Avalon for $2.159 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/49_brighton_avenue_toronto_nsw_2283/6910335" target="_blank">49 Brighton Avenue, Toronto, NSW, 2283</a>, four-bedroom house, sold at auction on January 31 by L J Hooker Toronto for $1.9 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/601/168_queenscliff_road_queenscliff_nsw_2096/16163917" target="_blank">601/168 Queenscliff Road, Queenscliff, NSW, 2096</a>, three-bedroom unit, sold on January 30 by McGrath Estate Agents for $1.6 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/3/4_young_street_paddington_nsw_2021/16161758" target="_blank">3/4 Young Street, Paddington, NSW, 2021</a>, three-bedroom unit, sold on January 31 by BresicWhitney Estate Agents Darlinghurst for $1.575 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/47_griffiths_street_fairlight_nsw_2094/2306239" target="_blank">47 Griffiths Street, Fairlight, NSW, 2094</a>, four-bedroom house, sold on January 30 by Cunninghams Property Balgowlah for $1.4 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/46_greenlaw_street_indooroopilly_qld_4068/5160112" target="_blank">46 Greenlaw Street, Indooroopilly, QLD, 4068</a>, five-bedroom house, sold at auction on February 2 by Karen Mortland Inner West Specialist for $1.39 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/46_greenlaw_street_indooroopilly_qld_4068/5160112" target="_blank">16 Hillview Street, Sans Souci, NSW, 2219</a>, four-bedroom house, sold at auction on February 2 by PRD Nationwide Woodward for $1.378 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/2_frederick_street_malvern_vic_3144/11577137" target="_blank">2 Frederick Street, Malvern, VIC, 3144</a>, three-bedroom house, sold on January 31 by Bennison Mackinnon Armadale for $1.36 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/58_curry_street_merewether_nsw_2291/4208613" target="_blank">58 Curry Street, Merewether, NSW, 2291</a>, four-bedroom house, sold on January 31 by PRD Nationwide Newcastle for $1.35 million
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Four-bedroom South Australian house tops week's sales: RP Data

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New home sales increased by 6.2% seasonally adjusted nationally in December 2012.
The year ended strongly as December sales increased for the third consecutive month, according to the Housing Industry Association (HIA).
The HIA has released its new home sales report surveying Australia's largest builders. The December quarter showed an uptick of 3.3% in new home sales, although the figure  was down 12.7% on the same quarter 2011.
“The promising headline rise last December was driven by both detached house and multi-unit sales,” says HIA economist Geordan Murray.
“Furthermore, if we look at the under-performing market for 2012 – detached houses – the December improvement was broad-based as sales increased in all but one of the surveyed states.
“However, the overall result for 2012 leaves plenty of room for improvement.
"Detached house sales were weak throughout the year and compared with 2011 were down by 22.7%,” says Murray.
“On the other hand, multi-units sales were the star performer of 2012."
Multi-unit sales recovered from the record lows endured in 2011 and increased by 24.1% over 2012.”
“It is hoped that further signs of an impending new home building recovery emerge in coming months. However, it remains the case that lower interest rates alone will not deliver a recovery of the magnitude required by Australia’s economy and population,” says Murray.
Detached house sales in December and the December quarter:
 
New South Wales:         (Dec) +7.1%     (Dec Qtr) +14.4%
Victoria:                           (Dec) +6.0%      (Dec Qtr) -8.4%
Queensland:                    (Dec) +3.8%      (Dec Qtr) -5.5%
Western Australia:       (Dec) +12.2%    (Dec Qtr) +2.5%
South Australia:           (Dec) -1.8%       (Dec Qtr) +9.3%
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New home sales on the rise: HIA

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First-home buyers looking for a four-bedroom family home will have a hard time finding anywhere within 30 kilometres of the Melbourne CBD. 
Located 35 kilometres west of the city, Melton South is the closest suburb where first-home buyers can purchase a four-bedroom home and pay equal to or less than the average estimated first-home buyer mortgage repayment in Victoria of $414 per week.  
Aside from Melton South, first-home buyers looking for a four-bedroom home can find a residence in Frankston North, 37 kilometres south of Melbourne. 
There are a number of opportunities in rural Victoria for first-home buyers to find a four-bedroom home.  The Real Estate Institute of Victoria has listed such towns as Ararat, Ballarat (Wendouree), Bendigo (Eaglehawk), Colac, Corio, Kyabram, Longwarry, Mildura, Newcomb and Shepparton.
In order to find a four-bedroom home closer to the city, opportunities arise in the $430-$540 per week mortgage repayment range and are found in the outer suburbs of Melbourne.
The suburbs can be found in an interactive heat map showing weekly mortgage repayment price bands across Melbourne suburbs compiled by the Real Estate Institute of Victoria (REIV) as part of its new <a target="_blank" href="https://www.reiv.com.au/Property-Research/First-Home-Buyer-Guide">first-home buyer guide. </a>
The REIV has used a cut-off value of $430 per week, which is above the $414 per week median mortgage repayment. As a result of this, the heat map will show suburbs just above the first-home buyers' threshold as affordable.<a style="font-size: 0.8em;" target="_blank" href="https://www.reiv.com.au/Property-Research/First-Home-Buyer-Guide"> </a>
<a target="_blank" href="https://www.reiv.com.au/en/Property-Research/First-Home-Buyer-Guide/4-bedroom-houses"><img alt="reivjan22" height="629" width="470" src="/images/stories/2013/01/reivjan22.jpg"></a>
 
The $414 per week median mortgage repayment is based on the average first-home buyer loan size of approximately $286,600, a standard variable interest rate of 6.4%, receipt of the $7,000 first-home owners' grant, a loan term of 30 years, a 10% deposit, and benchmark lenders mortgage insurance (LMI) and conveyance fees.
<img alt="vicmap" height="618" width="470" src="/images/stories/2013/01/vicmap.jpg">
 
The full list starting with the cheapest is:
<a target="_blank" href="/news">Ararat</a>, $291 per week, median price of $220,000 <a target="_blank" href="/news">Kyabram</a>, $315 per week, median price of $237,500 <a target="_blank" href="/news">Frankston North</a>, $331 per week, median price of $249,000 <a target="_blank" href="/news">Corio</a>, $344 per week, median price of $258,750 <a target="_blank" href="/news">Morwell</a>, $356 per week, median price of $267,000 <a target="_blank" href="/news">Melton South</a>, $368 per week, median price of $276,250 <a target="_blank" href="/news">Bendigo </a>(<a target="_blank" href="/news">Eaglehawk</a>), $373 per week, median price of $280,000 <a target="_blank" href="/news">Mildura</a>, $375 per week, median price of $281,056 <a target="_blank" href="/news">Sebastopol</a>, $382 per week, median price of $286,000 <a href="/news">Horsham</a>, $384 per week, median price of $287,500 <a href="/news">Newcomb</a>, $384 per week, median price of $287,500 <a href="/news">Longwarry</a>, $390 per week, median price of 292,500 <a href="/news">Ballarat </a>(<a target="_blank" href="/news">Wendouree</a>), $394 per week, median price of $295,000 <a href="/news">Colac</a>, $401 per week, median price of $300,000 <a href="/news">Shepparton</a>, $401 per week, median price of $300,000
 
 
 
 
 
 
 
 
 
 
 
 
 
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Affordable four-bedroom houses in Victoria a long way from Melbourne: REIV

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Byron Bay's total property values have dropped 6.7% in the past three years, according to the NSW Valuer-General, with land owners in the Byron Bay local government area (LGA) recently issued with the fresh valuations.
These valuations are used for ratings purposes and reflect the land value based on market conditions as at July 1, 2012.
Byron Bay's 2012 valuation program consisted of a total of 13,036 properties, up from 12,800 in January 2010.
Property values in the Byron Bay municipality have generally decreased in the three-year period since the last valuation program was conducted.
“The total land value of the Byron Bay LGA as at 1 July 2012 was approximately $6.04 billion. This is an overall decrease from the total land value of $6.44 billion determined as at 1 July 2009,” says Valuer-General Phillip Western.
Residential land values have decreased slightly in the period, with the stronger falls in top-end suburbs such as Wategos Beach, Suffolk Park and New Brighton.
In contrast to the general decrease in value, residential land in parts of Mullumbimby and Sunrise Beach showed slight increases in value.
Commercial land values have followed a similar trend, generally showing a slight decrease, with the exception of a number of properties in Ocean Shores, which have shown a slight increase in value.
Industrial land has bucked the trend and generally recorded slight to moderate increase in value over the past three years.  This is can be demonstrated by values of similar properties in Bonanza Drive, Billinudgel, valued in both 2009 and 2012 and rising from $253 per square metre to 270 per square metre  This represents a 7% increase in value over the three-year period.
Rural properties and hobby farm land followed the general pattern and shown a slight decrease in value with the exception of Mullumbimby, showing slight to moderate increases in value.
Typical residential land values as at 1 July 2012 were:
<ul>
<li>616 square metres at Bottlebrush Crescent, Suffolk Park valued at $300,000</li>
<li>633 square metres at Cooper Street, Byron Bay valued at $370,000</li>
<li>718 square metres at Grevillea Avenue, Mullumbimby valued at $225,000</li>
<li>641 square metres at Ivory Curl Place, Bangalow valued at $265,000</li>
<li>613 square metres at Mullumbimbi Street, Brunswick Heads valued at $450,000</li>
<li>1,195 square metres at Tindara Avenue, Ocean Shores valued at $220,000</li>
<li>650 square metres at Mia Court, Ocean Shores valued at $315,000.</li>
</ul>
Typical commercial land values as at 1 July 2012 were:
<ul>
<li>607 square metres at Burringbar Street, Mullumbimby valued at $470,000</li>
<li>658 square metres at Fletcher Street, Byron Bay valued at $1,540,000.</li>
</ul>
Typical industrial land values as at 1 July 2012 were:
<ul>
<li>1,000 square metres at Bonanza Drive, Billinudgel valued at $270,000</li>
<li>1,494 square metres at Smith Street, Mullumbimby valued at $310,000</li>
<li>1,177 square metres at Centennial Circuit, Byron Bay valued at $500,000.</li>
</ul>
Typical rural land values as at 1 July 2012 were:
<ul>
<li>59 hectares at Kennedys Lane, Ewingsdale valued at $1,070,000</li>
<li>77 hectares at Vallances Road, Mullumbimby valued at $725,000.</li>
</ul>
Typical rural residential land values as at 1 July 2012 were:
<ul>
<li>7,625 square metres at Brushbox Drive, Mullumbimby Creek valued at $364,000</li>
<li>4,047 square metres at Figtree Court, Ewingsdale valued at $450,000</li>
<li>4.9 hectares at Friday Hut Road, Possum Creek valued at $550,000</li>
<li>2.5 hectares at Lagoon Drive, Myocum valued at $400,000.</li>
</ul>
Typical hobby farm land values as at 1 July 2012 were:
<ul>
<li>18 hectares at Kirklands Lane, Nashua valued at $510,000</li>
<li>22 hectares at Myocum Road, Myocum valued at $600,000</li>
<li>21 hectares at Middle Pocket Road, Middle Pocket valued at $540,000</li>
</ul>
These valuations have been compiled during the 2012 valuation program from the analysis of 322 residential, 34 commercial, 12 industrial and 192 rural sales.
Byron Bay picture courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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Byron Bay land values down almost 7% in past three years

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The Western Australian economy continues to outperform the rest of the nation, according to CommSec. 
The state has come out on top on four of the eight criteria – retail trade, equipment investment, construction work done and population growth – and also held onto second place in retail trade and housing finance, according to the latest quareterly “State of the States” report  compiled by CommSec chief economist Craig James.
The report places the Northern Territory in second place overall, close behind Western Australia, and the ACT in third.   
The Northern Territory continues to lead the ranking on economic activity at 48% above its decade-average output, and the ACT is supported by strong dwelling starts and population growth.  Although unemployment in the ACT is low compared with the rest of the nation, it is above the historical average at 3.5%.
There is little separating the three major states: Victoria, Queensland and NSW, according to the authoritative CommSec report, which looks at key economic trends.
NSW is benefiting from historically low unemployment together with rising population growth.  Home building has improved with the help of state government grants.  CommSec believes the factors will result in housing activity lifting in 2013.
Victoria has been supported by its housing sector, which is now slowing. 
All states and territories are showing levels of construction work higher than their decade averages.  
Victoria is in second-last place, with construction work 17% higher than the decade average for the state. In contrast to this, Victoria has the highest number of housing finance commitments, at 1.7% below the decade average and up 4.5% on November last year.
Queensland is restricted by its historically high unemployment but is supported by construction work and equipment investment.  The state is ranked third in retail spending, at 15.1% above decade-averages.
"The Victorian economy is certainly still being helped by relative strength in home building. And the Queensland economy is being propelled by equipment, commercial and engineering investment," says CommSec.
South Australia is sitting well below the rest of the country yet has encouraging signs, as population growth has improved and is at two-year highs at 22% above long-term averages.  CommSec believes this has the potential to lift the state via retail and housing-related activity.
Although equipment investment is above decade averages, the Tasmanian economy is still struggling due to 7% trend unemployment, which is well above the decade average of 6%.
"State of the States" is a quarterly report produced by Commsec, edited by chief economist Craig James, analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements.
 
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Strong economic outlook augers well for WA, NT and NSW housing markets: CommSec

ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

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The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

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As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

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Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

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<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

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&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

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&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

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Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

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Edward Quinn

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