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Larry Kestelman, chairman of the Melbourne Tigers basketball team, has put his newly constructed Brighton mansion on the market for $12 million-plus.
Justin Follett of Kay &amp; Burton is handling the listing of <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/VIC/Brighton/?adid=2010483254">10 Mulgoa Street home</a>, which was built by Mr Kestelman’s construction company, Shangri-La Construction.
The 1400-square-metre property boasts five bedrooms and eight bathrooms.
As well as having a 200-bottle wine cellar, 12-seat theatre, gym and six-car garage the house also features a central built-in aquarium, a billiard room with adjoining ‘vodka bar’ and swimming pool and spa.
Kestelman reportedly made about $150 million earlier this year after selling his telecommunications companies telcos Dodo and Eftel to M2 Telecommunications.
Brighton has recorded a few sales above $10 million. The suburb's last big property purchase was earlier this year when the retired Australian cricket captain Ricky Ponting spent close to $10 million on an Edwardian mansion.
But many other key listings such as Kinane, sold in 2006 for a record $11.2 million, and put on the market in 2011 with $20 million hopes were not to find buyers at this level.
Retired cricketer Shane Warne was reputedly seeking $20 million for his Brighton home in spring 2012.
A Spanish-inspired property with a pool and tennis court directly opposite Dendy Beach scheduled with $8 million plus in late 2012 hopes didn't sell either.
<img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone">
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Dodo founder Larry Kestelman seeks to exhume Brighton trophy home market with $12 million-plus listing

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Grant Copley, managing director of footy card seller Select Australia, has put his South Yarra home up for auction.
It has been listed for June 22 auction by James McCormack and Dean Gilbert at Marshall White.
The house was bought from the current Sydney Swans coach John Longmire in 2001. 
The double-fronted Victorian on Argo Street had been pitched to potential buyers at $650,000-plus by Marshall White with Longmire securing $865,000.
It had traded at $410,000 in 1997.
Fairfax Media reported it was expected to fetch $1.1 million at its June 2013 auction.
The 291 square metre property features three bedrooms, a sitting room or study with open fireplace and one bathroom.  The house also has a paved courtyard with covered BBQ terrace and secure off street parking.
The former North Melbourne Roos stalwart John Longmire was a Kangaroos player of 12 years and 201 games between 1988 and 1999.
He then had two years off from football in the media before taking up an assistant coaching job at the Swans given his connection with Rodney Eade who was an assistant coach of North Melbourne during the early 1990s.
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Pick a South Yarra property: footy card seller Grant Copley lists

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Canberra’s heritage-listed Sydney Building on London Circuit, formerly a Fletcher Jones department store for 50 years, has been passed in at auction.
A spokesperson for CBRE, the selling agents, said negotiations were now underway with interested parties.
The two-storey corner building (pictured below) at 91-99 London Circuit in the Canberra CBD and Northbourne Avenue, was one of the first privately constructed properties in Canberra along with the Melbourne Building, characterised by Mediterranean influenced architecture with Roman motifs, round arch ways, arcade walkways and formal corner entrances with both buildings being situated prominently in the heart of the CBD.
<img alt="fletcherjonesmay29one" height="280" width="470" src="/images/stories/2013/05/fletcherjonesmay29one.jpg">
It offers ground floor commercial space measuring around 300 square metres with 31 square metres of street frontage.
Australian clothing manufacturer and retailer Fletcher Jones formerly inhabited the ground floor for over 50 years, ending its half-century presence in the building after the 93-year-old company went into voluntary administration at the end of 2011.
The first floor comprises four office units accessed via a separate stairwell off London Circuit. Currently two of the four units are tenanted by a psychologist and skin treatment clinic
In November last year a Malaysian investor purchased the <a href="https://www.propertyobserver.com.au/developments/malaysia-based-mammoth-empire-the-latest-asian-developer-to-take-another-piece-of-melbourne-residential-development-pie/2012120658312" target="_blank">Melbourne CBD corner premises</a> occupied for 57 years by Fletcher Jones for $11 million.
The Canberra building has recently become the base of operations for Canberra’s You Are Here Festival which showcases the capital’s experimental arts and culture scene.
Ahead of the auction, CBBRE commercial property agent Patrick Sammon who along with colleague Mark Nicholls is marketing the building, said the property’s historical significance, iconic features and prominent location has sparked significant purchasing enquiries from a range of buyers.
“The property offers wide street frontage, great signage opportunity and the potential for a quality tenant providing further exposure and rental upside for the new owner,” Mr Sammon said.
The property was last sold in 1998 for $2,115,000.

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Fletcher Jones Canberra store passed in at auction

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Beech Forest, located 43 kilometres south of Colac on the northern edge of the scenic Otway Ranges and largely known for potato farming, offers green pastures for potential buyers looking for the ultimate experience in country and farm living.
A typical farm currently on the market is a five bedroom house with a mixed farm <a target="_blank" href="https://www.realestateview.com.au/Real-Estate/245-phillips-track-beech-forest/Property-Details-buy-residential-3601221">property</a> covering 72 hectares with an asking price of $1.25 million.
The farm comes with 3 large machinery sheds, silon and unused dairy.
A second <a target="_blank" href="https://www.realestate.com.au/property-livestock-vic-beech+forest-7396421">farm</a> listed with an asking price of $900,000 is a 70 hectare property with a recently renovated three bedroom brick veneer home.
The farm comes with two large hay/machinery sheds including calf rearing sheds as well as a 20 unit swing over dairy with a 120 tonne silo capacity with backup generator. The dairy is fited with an Alfa Laval plant, cup removers, ‘Christopher’ stall gates, ‘Coweld’ feed system and a 12,500 litre vat.
The location was put on the map after the then resident Cliff Young, became the winner of the Westfield Sydney to Melbourne Ultra marathon in 1983 at the age of 61 years.
The Beech Forest potato farm formerly owned by the late ultra-marathon runner Cliff Young, was been put up for sale this month with an asking price of $395,000.
With over 100 fruit trees, plus raspberries and strawberries the property has been run as certified organic for the past 12 years.
<a target="_blank" href="https://www.propertyobserver.com.au/news/gumboot-jogger-cliff-young-s-former-beech-forest-potato-farm-for-sale/2013052461624?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">It was bought from Cliff Young in 2001, two years before his death in Queensland, for $84,000</a>.
The ABC will be <a target="_blank" rel="nofollow" href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2013-05-22/telemovie-pays-tribute-to-cliff-young/4705644">screening the telemovie this Sunday</a>, Cliffy on Young’s journey from potato farmer to a Sydney-Melbourne ultra-marathon runner at the age of 61.
  
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Beech Forest, the Colac district farming location, put on the map by the potato farmer Cliff Young

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The Beech Forest potato farm formerly owned by the late ultra-marathon runner Cliff Young, has been put up for sale this month with an asking price of $395,000.
Cliff Young (pictured below) owned the six hectare farm when he undertook his historic marathon race 30 years ago which was shortly followed by his five year marriage to Mary Howell.
<img height="481" width="350" src="/images/stories/2013/05/cliffyoungmay24one.jpg" alt="cliffyoungmay24one">
Its located 17 kms south of Colac in the northern Otway Ranges.
<img height="346" width="470" src="/images/stories/2013/05/cliffyoungmay24two.jpg" alt="cliffyoungmay24two">
The state forest is on its eastern boundary known as The Beechy Rail Trail.
The 6.7 hectare farm comes with simple two bedroom cottage. Cliff Young lived with his brother Sid there before marrying Mary Howell in 1984, when he was 62 and she was 23.
With over 100 fruit trees, plus raspberries and strawberries the property has been run as certified organic for the past 12 years.
It was bought from Cliff Young in 2001, two years before his death in Queensland, for $84,000. The title transfer shows Mary Howell as the witness to the 2001 documentation.
It had been the home of his father before Cliff ran the farm which is at Kawarren near the township of Gellibrand.
In 1992 Cliff Young bought a two hectare property in Queensland's Barkers Creek near Nanango for $16,600. It was sold for $6,700 in 1998.
The ABC will be <a target="_blank" href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2013-05-22/telemovie-pays-tribute-to-cliff-young/4705644">screening the telemovie this Sunday</a>, Cliffy on Young’s journey from potato farmer to a Sydney-Melbourne ultra-marathon runner at the age of 61. Kevin Harrington, the actor plays Cliffy.
<a target="_blank" href="https://www.realestate.com.au/property-lifestyle-vic-kawarren-7532295">It has been listed by LJ Hooker Colac agent Wayne Mackrell.</a> It has also been listed on Gumtree by its Coburg owner Paul Simmons at a reduced rate of $375,000, the price lower presumably without any agent's commission fee.
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Gumboot jogger Cliff Young's former Beech Forest potato farm for sale - now producing raspberries and strawberries

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A former State Savings Bank which has been used as a set for the 2003 film Ned Kelly and featured in the Australian classic Mad Max was auctioned last weekend in the regional Victorian town of Clunes.
<a href="https://www.realestate.com.au/property-house-vic-clunes-113572131" target="_blank">The property</a>, which had been marketed by Jo Millar from AAG Property Consultants, was passed in at a bid of $550,000.
Constructed of rendered triple brick and built circa 1871, the building sits on a 794-square-metre block and has four bedrooms with a study, retail space with original cedar bank counter, cellar and bank vault.
Retaining its period style characteristics, the residence is a throwback to the past with its pressed metal ceilings, marble fireplaces, living area and maid’s room complete with bell and a cloak room. Downstairs the property has a kitchen, bank chambers, manager’s sitting room, the original steel plated walk in vault and a private backyard complemented by a 100-year-old pear tree.
Potential residents can also expect the stalwart security typical of banks with a monitored alarm system and CCTV cameras on the property.
Located 36 kilometres north of Ballarat, Clunes was home to Victoria’s first registered gold discovery by James Esmond which later paved the way for the establishment of the township and the first gold rush in Victoria.
Clunes is recognised as one of the most architecturally intact gold towns in the state, with the area producing up to 1.2 million ounces of gold from the 1850s through to 1893.
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Former bank used as a set for the film Ned Kelly, with a door signed by Heath Ledger, auctioned in Clunes

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Marina Adelaide, South Australia’s only fully integrated marine precinct, has hit the market offering a rare opportunity to invest in the rapidly growing area of Largs North.

Situated just 17 kilometres from the Adelaide CBD, the marina covers 133,610 square metres with a further 31,663 square metres available for development.
<img src="/images/stories/2013/05/marinamay20two.jpg" width="470" height="317" alt="marinamay20two">

CBRE’s Ben Younger and Philip Rundle are in charge of the sales campaign.

Mr Rundle said Marina Adelaide represented a significant investment opportunity which would appeal to both interstate and offshore investors.
The leasehold offers buyers the option to purchase as either a whole or partial sale with the added opportunity to acquire up to a 50% equity share in Marina Adelaide Pty Ltd.
The state-of-the-art ISO 14001 certified marina boasts refueling facilities, extensive boat storage, shipyard facilities and boat ramps, as well as commercial, retail and industrial precincts.
<img src="/images/stories/2013/05/marinamay20one.jpg" width="470" height="215" alt="marinamay20one">

While state government body Renewal SA own the freehold, Marina Adelaide Pty Ltd have negotiated a one-off upfront sum for a leasehold term in the land for a 75-year term, meaning no annual rental payments are required for the entire 75-year period since 2007.
Younger said the property still has development opportunities available with current approvals for the development of dry stack facilities, boat storage, office, retail, cafe and service buildings.
With Adelaide Marina’s close proximity to the inner-harbour area of Port Adelaide, currently undergoing a major makeover in the $1.5 billion Newport Quays project, the area is expected to become home to nearly 4,000 new residents earmarking the marina precinct for significant future growth.
Expressions of interest close on May 23.
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Marina Adelaide hits the market

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The regional Queensland town Bundaberg has been recording lower vacancy rates thanks to its proximity to Gina Rinehart's mining activities.
According to the Real Estate Institute of Queensland, <a target="_blank" href="/news">Bundaberg</a> experienced a significant drop in vacancy rates, down to 0.8% from 2.4% last December and from 3.3% in March last year.
The shift was partly due to the floods caused by ex-tropical cyclone Oswald back in January 2013, although it's expected Bundaberg’s vacancy rates could be further impacted after a recently discovered coking coal deposit measuring 28.5 million tonnes was found earlier this year in Avalon, 25 kilometres northwest of Bundaberg. 

REIQ’s March residential rental vacancy rate survey showed the influence resource companies can have on regional rental markets.
“Mackay and Gladstone both recorded significant increases in vacancy rates as at the end of March due to less demand for rental properties from mining companies, and an element of increases in the supply of rental stock,” REIQ CEO Anton Kardash said.
With vacancy rates at 3% considered the general median for supply and demand, Queensland had four regional towns including Bundaberg that fell well below the average.
The rental market saw mixed results across Queensland for the first quarter of 2013.
The survey indicated Hervey Bay was down to 1.6% after a drastic drop from 4.3% and Gympie Regional saw a drop from 2.7% to 1.8% while the Toowoomba region retained its mantle as one of the tightest rental markets in the state at 0.8% down from 1.0% at the end of 2012.
A sample of the Bundaberg rental market from REIQ.com shows several affordable and family friendly houses including an 809-square-metre property on <a target="_blank" href="https://www.reiq.com/House/for-rent/bundaberg/2487465.aspx">Barolin Street</a> with four bedrooms and one bathroom for $340 per week.
Also on the market is a 799-square-metre property at <a target="_blank" href="https://www.reiq.com/House/for-rent/bundaberg/2475412.aspx">Griffith Street</a> with five bedrooms, two bathrooms and two car bays for $360 per week.
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Mining activity sees vacancy rate drop in Bundaberg

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For those who enjoy the odd drop and have a lazy million dollars at hand, there's six vineyards presently for sale which might fit the bill.
The sample of winery listings currently on sale at realestate.com.au with revealed prices range from the $480,000 mark up to $5.5 million-plus.
Two of the listings have been listed by the wine company, Brown Brothers. They come without price guides.
White Hills (pictured below), situated in the picturesque Tamar Valley in Tasmania just 15 kilometres from Launceston, headlines the available vineyards for sale.
<img src="/images/stories/2013/05/vineyardmay14two.jpg" width="470" height="173" alt="vineyardmay14two">
It is Tasmania’s third largest vineyard and was bought from the timber company Gunns in 2010.

The 82-hectare property currently produces Pinot Noir, Chardonnay, Sauvignon Blanc, Reisling, Pinot Gris and Gewurztraminer.

Also available through Brown Brothers is Whitlands (pictured below) in King Valley, Victoria.
<img src="/images/stories/2013/05/vineyardmay14one.jpg" width="470" height="174" alt="vineyardmay14one">
It is located 40 kilometres from Wangaratta. The vineyard already has 57 hectares planted and producing Pinot Noir, Chardonnay, Sauvignon Blanc, Pinot Grigio and Meunier, with another 30 hectares of the property still available to develop.
Brown Brothers chief executive Ronald Wahlquist has commented that the sales are part of a company restructure after facing a shrinking export market in Europe caused by the high Australian dollar.
Offers are due on the Brown Brothers listings by May 10 with <a target="_blank" href="https://www.wineryforsale.com.au/for-sale/brown-brothers-vineyards">Toby Langley and Stephen Strachan of Gaetjens Langley</a>.

Elsewhere, Colliers International is selling a number of premium vineyards in Krondorf, located in South Australia’s prominent wine region, the Barossa Valley.

<a target="_blank" href="https://rea.colliers.com.au/property-viticulture-sa-krondorf-7536015">The listing is comprised of four lots</a> (pictured below) which can be purchased separately or as a portfolio with offers due with its Colliers agents Tim Altschwager and Jesse Manuel by May 23.
{yoogallery src=[images/stories/2013/05/may14vineyards]}
The St Vincent vineyard is a 20.94 hectare property, with 14.3 hectares of vines, including 9.9 hectares of shiraz vines.

Tschirpig is an 8.67 hectare property with 2.5 hectares of vines, the Augusta Shiraz block is 2.364 hectares with 1.7 hectares of shiraz vines and the Augusta Grenache block has 6.216 hectares with 1.7 hectares of grenache vines.

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Six vineyards for sale that might tempt those fond of the odd drop

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Non-bank lender State Custodians has passed on Tuesday's Reserve Bank interest rate cut  in full across all its variable home loan products.

Its peak performance home loan will reduce to 4.74%, one of the lowest offerings in the market.
“The peak performance loan comes with a free 100% offset account – this helps our customers to further reduce the interest they pay," says CEO Heidi Armstrong.
"In addition we’re increasing the acceptable loan to value ratio (LVR) from 75% to 80% – and making the loan available for both refinances and purchases."
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State Custodians pass on full rate cut with 4.74% high deposit offering

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Glenn Dwyer

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