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A growing number of investors are turning to self-managed superannuation funds to take control of their future nest eggs.
According to the Australian Taxation Office, self-managed super funds (SMSFs) account for almost $439 million of the $1.3 trillion in Australian super funds, with more than 478,000 funds in operation at June 2012, and the number of funds growing at more than 6 per cent per annum.
The growing shift towards SMSFs follows a loss of confidence in the performance of Australian superannuation funds, which in recent years have been considered among the worst performing in the advanced world.
With volatility in the equity markets, many Australian investors are turning to bricks and mortar due to its relative stability when compared with other asset classes. In fact, of the 19 superannuation asset categories, residential property ranks in the top seven and is an increasingly popular investment option for those aged 45 to 64 and with $200,000 or more in their SMSF.
SMSFs are most popular in New South Wales and Victoria, with each state accounting for approximately 30 per cent of all super funds in Australia. These states are followed by Queensland in a distant third at approximately 17 per cent and Western Australia at 10.5%.
Recently revised super rules mean it’s even easier for Australians to invest in property using their superannuation. SMSFs provide improved taxation rates for voluntary contributions, asset protection in the instance that the fund holder declares bankruptcy, and no capital gains tax and/or tax free income once the trustee has reached the pension phase.
This means an eligible SMSF may purchase a property today for $400,000, hold it for several years, during which time it grows in value, and sell it after the member reaches 60 years of age, without paying capital gains tax. A direct investment of the same kind would typically be subject to a marginal tax rate ranging from 15 to 45 per cent.
While SMSF can be an effective structure to build financial wealth for your retirement the process is not without risks. Not only must the fund be suitably structured but it’s also critical to select assets that will provide positive long-term financial outcomes. The fact is, not all properties perform the same, which isn’t always obvious to investors in the short-term.
These days property investment is complex as it offers a range of choices including off the plan, high rise CBD apartments, student accommodation, serviced apartments and foreign property - all of which are subject to individual risks and benefits.
To maximise the benefits of investing in property with super ensure you select a property with the right profile for strong capital growth. Properties of this kind are typically underpinned by location, scarcity in type and number of similar properties and have a track record of stable performance.
If in doubt about establishing a SMSF or selecting an investment property consult an independent professional advisor and find out how they can help you take control of your financial future.
Greville Pabst is CEO of the <a title="WBP Property Group" href="https://www.wbpproperty.com/" rel="nofollow" target="_blank">WBP Property Group</a>.
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The advantages of a SMSF: Greville Pabst

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GUEST OBSERVATION
What a great outcome for Channel 9, the contestants, and the owner-occupier buyers that had their hearts set on the townhouses of The Block. Being a part of this series has been a fantastic opportunity for me as I was able to educate the contestants and viewers on what adds value to a property and what the current market expects to see.
But for those scratching their heads at the sky-high takings, here is a rundown of the number of factors that Triple Threat’s success can be attributed to.
All of the properties appeal to the market for different reasons; some of the townhouses were larger, while others were better configured or had cleaner finishes. While furnishings are nice to look at and add to the feel of a room, it’s the configuration of the property that’s most important. Things like open plan kitchens or living and outdoor entertainment areas are spaces that are favoured by homeowners and tenants as they provide a welcoming atmosphere.
<img src="/images/2015/05/01/Greville%20Pabst%20at%20the%20Block.jpg" alt="">
Greville Pabst at The Block. Photo: Supplied.
As a certified valuer and buyer’s advocate, many of my clients are investors looking for sage advice on what can be one of the biggest fiscal decisions of their life. The Block apartments provided some very appealing tax depreciation benefits coupled with potentially strong rental income. These factors together meant that if purchased at the right price, The Block apartments might be positively geared. The South Yarra location and scarcity of the property is also favourable and means the properties are likely to benefit from sounds capital growth.
I base value on sales evidence factoring in current market sentiment. Generally speaking apartments and townhouses in South Yarra sell around the $8,000 per square metre to $10,000 per square metre of living area, depending on factors such as building size, location, orientation, car parking provided, accommodation, floor plan and level of finishes. It is good to note that the furnishings are not be included in a professional valuation of a property.
However, not all properties perform the same and without a history of sales performance it’s difficult for me to recommend the properties past a point, to my clients, whether buying for investment or home occupation, which should still be considered an investment. For an investor with a budget of $1.5 - $1.9 million The Block properties would have been a good investment. But over this price I would recommend to my investment clients be more discerning and purchase two or three apartments for the price of a single Block apartment or a single-fronted Victorian cottage on a separate title.
My clients employ me to stand back, assess, strike if the price is right for an investment and refrain from emotional buying. I chose not to invest my clients’ money. It may be a reality TV show but I am dealing with real people's money.
The Block is a fantastic game show, it is fun and we all love to watch it. I look forward to the next series.
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a> and a judge on The Block Triple Threat.
Photo courtesy of Channel 9.
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Why The Block auctions were so successful: Greville Pabst

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GUEST OBSERVATION
When The Block’s Buyers Jury looked at contestants’ staircases and studies, there was plenty potential for improvement.
With small timeframes, the contestants struggled to finish. However, the scores were a major reflection on what happens when Blockheads present judges with unfinished rooms.
The silver lining of seeing unfinished rooms was that we were able to quickly identify issues that buyers may have with the structure and potential use of the spaces.
<img src="/images/2015/04/22/Judges%20and%20Shelly%20on%20stairs.jpg" alt="">
For instance, I felt déjà vu when entering Tim &amp; Anastasia’s breakaway space. It was definitely an opportunity lost when they didn’t capitalise on the large area given. If they had instead turned the lounge into another bedroom, they would have created a point of difference that may have attracted an increased price with the buyers come auction day.
Dea &amp; Daz would have also benefit by thinking about the functionality of their study’s space and how people would use it as a home office.
Something else that could have been reconsidered were Charlotte &amp; Josh’s shutters in their study, as they were an expensive choice that may put off investors. Because of the positioning of their desks, the shutters were an impractical aesthetic feature that served little function. On top of that, because the shutters were in a position that made them hard to clean, it could mean that maintaining them can be a potential drain on the hip pocket.
As auction day fast approaches, it would be interesting to see how much of our advice the contestants have taken on.
Contestant scores from the Buyers Jury:
<ul>
<li>Charlotte &amp; Josh – 21.5</li>
<li>Tim &amp; Anastasia – 11.5</li>
<li>Ayden &amp; Jess - 27</li>
<li>Dea &amp; Daz - 15</li>
</ul>
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a> and a judge on The Block Triple Threat.
Photo courtesy of Channel 9.
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When ‘form over function’ doesn’t pay off: The Block's Greville Pabst

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GUEST OBSERVATION
The two rooms that make the biggest impact on potential buyers are the bathroom and kitchen.
The Block last night saw the Buyers’ Jury inspecting contestant’s kitchens, which ranged from modern glamour to stylishly practical.
The kitchen is a place of gathering, where families can congregate and spend a lot of their time together. This is what makes them so integral to the living space.
Ensuring the kitchen fits in well with the rest of the house is integral to how attractive a property is to buyers.
Ayden &amp; Jess’ and Tim &amp; Anastasia’s connecting terrace featured a very on trend indoor-outdoor kitchen area. Ayden &amp; Jess had a particularly good flow between the living room and the kitchen, which worked to increase the property’s warmth. Both kitchens are likely to attract the attention of potential buyers thanks to their innovative approach.
What renovators can also learn from the Blockhead’s kitchens is to be mindful of balancing style and practicality.
Tiling and grout in the kitchen is just that little more difficult and expensive to maintain, which can sometimes be a turn off for potential buyers. In some kitchens, using tiles as a replacement for splashback was a great aesthetic feature, however can potentially put off buyers looking to keep investment portfolio at the lowest possible cost to maintain.
Ayden &amp; Jess’s clever use of a butler pantry added incredible value to the kitchen as it provides space and hides appliances. Their open shelving is also on trend – a great little tip for budding renovators.
Here is what the buyers’ advocates thought of the contestants’ kitchens:
<ul>
<li>Charlotte &amp; Josh – 22.5</li>
<li>Tim &amp; Anastasia – 20.5</li>
<li>Ayden &amp; Jess – 25.5</li>
<li>Dea &amp; Daz (pictured above) – 28</li>
</ul>
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a> and a judge on The Block Triple Threat.
Photo courtesy of Channel 9.
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Kitchen and bathrooms make the biggest impact on buyers: The Block's Greville Pabst

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GUEST OBSERVATION
Last night’s Buyers’ Jury on The Block Triple Threat had contestants and viewers on the edge of their seats as potential buyers came in to inspect their handiwork.
The area attracts a high-end clientele so The Block bought in a diverse mix of people, at different stages of their lives and all with different intentions for the property.
Frank Valentic presented two serious property investors looking to rent out the apartments. Nicole Jacobs presented the properties to a retiring couple looking into the area for its attractive atmosphere, prime for people in later stages of their lives.
My buyers were two very different couples. Mature couple Jenny and Murray were looking to add to their property portfolio. Contrastingly, Sophia and Damien were a young professional couple looking to upgrade to the premium lifestyle the South Yarra area has to offer.
The lesson here was to demonstrate there is no point in designing a space with a specific buyer in mind as this only serves to limit your potential market. Blockheads learnt through first hand experience, the buyers market is a vastly varied one, and this should always be kept in the back of their minds when designing and renovating.
When taking a look at the contestants’ ensuites, not only did the buyers appreciate aesthetics, they also highly valued functionality. To their credit, all Block contestants had very strong ensuite designs to their advantage with the buyers.
In keeping with the South Yarra property market, the spaces all had a luxury feel - important to all the potential buyers. All contestants hit the mark with this, cleverly manipulating the functionality of each space.
Ayden and Jess stood out to the buyers as they provided a door around the toilet, considering the need for privacy in a shared space. Charlotte and Josh could have further improved their room (pictured above) by providing more storage. Both Tim and Anastasia and Daz and Dea could have carried more favour by considering the needs of their potential tenants in closer detail, such as providing towel racks that were closer to the shower.
What the buyers thought:
<ul>
<li>Charlotte and Josh – 24.5</li>
<li>Tim and Anastasia – 26.5</li>
<li>Ayden and Jess – 25</li>
<li>Dea and Daz – 26.5</li>
</ul>
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a> and a judge on The Block Triple Threat.
Feature photo courtesy of Elizabeth Allnutt Photograph/Channel 9.
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Buyers know best: The Block's Greville Pabst

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GUEST OBSERVATION
The Block Triple Threat last night had the buyers’ advocates judging the contestants’ living rooms and dining areas.
Blockheads learned very quickly that the smaller touches made a big impression with the judges.
Committing to creating a look that appeals to a wider buyers market as possible creates value. By assigning budget to high quality fittings, furnishing and finishes, the Block contestants discovered they would be more likely to attract a wide range of potential buyers. While these details are important to some buyers, natural light and open living areas also provide extra space for buyers keen on entertaining and living in a spacious apartment.
Charlotte and Josh demonstrated how to creatively execute design continuity. Their rooms had a great flow between the dining to living area. Because the living spaces connected into the terrace, it gave the property a great openness that will appeal to buyers. Their digital setup was also well in tune with the contemporary, savvy South Yarra demographic.
Ayden &amp; Jess and Tim &amp; Anastasia were let down during judging due to minor details which could turn into issues for potential buyers. These details needed to be fixed before buyers view the property. For Ayden &amp; Jess, their floorboards and Tim &amp; Anastasia, their ceiling were both issues in this instance. Dea and Darren showed how large spaces can make a great impression, but their incomplete, low ceilings detracted from the openness of their living areas.
Making an impact in the living room is one of the most important areas of renovating so renovators need to consider carefully who will be using the property as needs will be different. Whether it will be families, single occupants, senior-aged occupants or tenants, living rooms, the space needs to warm, inviting and relaxing.
<div>Contestant scores</div>
<ul>
<li>Charlotte &amp; Josh – 22</li>
<li>Tim &amp; Anastasia – 24</li>
<li>Ayden &amp; Jess – 21</li>
<li>Dea &amp; Daz – 18</li>
</ul>
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a> and a judge on The Block Triple Threat.
Feature photo courtesy of Channel 9.
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Finishes make first impressions: The Block's Greville Pabst

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Last night’s buyers’ advocates on The Block Triple Threat saw three rooms that have the potential to add immense value to the contestants’ properties: a laundry, a powder room, and a wine cellar.
Here is a rundown of the scores the Buyers’ Jury gave the Blockheads last night:
<ul>
<li>Charlotte and Josh – 20.5</li>
<li>Tim and Anastasia – 25.5</li>
<li>Ayden and Jess – 23</li>
<li>Dea and Daz – 26.5</li>
</ul>
The rooms that we saw in last night’s episode are non-essential spaces – not every property has them. But my biggest advice is that if they are to be included, they need to be perfect in order to add real value to the property.
The wine cellar is a Block first, which meant that not everybody got it right.
When including a wine cellar, it’s important to know what buyers are looking for and more importantly, what functionally constitutes a wine cellar. Dea and Daz’s outstanding cellar (pictured above) entices buyers with its vast stock, which is enough to draw a potential buyer in. However, Tim and Anastasia stand out with this room because they were the only ones to include temperature control systems – making it a proper wine cellar that will not be compromised by the South Yarra demographic.
<img src="/images/2015/03/11/IMG_19413.JPG" alt="">
Buyer's advocate judges Greville Pabst (left) and Frank Valentic (right) in Dea and Daz's cellar.
While laundry facilities can be found in most properties, a private laundry room is not always included in every home. The rest of the buyers’ jury and myself agreed that a laundry is at the very least, a functional room.
This means they need to have space. Charlotte &amp; Josh as well as Daz &amp; Dea could have greatly benefitted if they took priority over space across all three of their rooms, rather than including an extra storage space. When thinking about putting in extra storage areas, Blockheads need to ensure that their rooms have enough space first.
Additionally, powder rooms are extra bathrooms that can be highly sought after as well as adding to the luxe of a property. What the contestants across the board managed to do well is that they ensured their powder rooms flowed on from the rest of their previous finished bathrooms. Buyers appreciate continuity between the rooms’ styles, this is especially important.
As finishes are particularly critical to buyers, contestants need to be aware that laminates are not going to cut it for the South Yarra demographic.
All in all it was agreed that these non-essential rooms might tip a potential buyer over to be the last bidder standing. 
GREVILLE PABST is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a>.
Feature photo courtesy of Channel 9.
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Non-essential rooms have to be perfect to add value: The Block's Greville Pabst's room reviews

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GUEST OBSERVATION
In the 21st Century, technology has revolutionised the way we interact, communicate and consume information. Brought about by the digital revolution, the 'Information Age' has penetrated all facets of daily life, including the way we buy real estate.
The old saying “information is power”, could not be more true than when it comes to buying property. One of the biggest financial decisions most people make in their lifetime, buying property is more than simply choosing where you want to live but about investing in an asset that will create wealth.
The fact is, not all properties perform the same, particularly in a flat or falling market. So for those looking to invest smarter, here are some handy tech tips to help you make better informed property investment decisions.
<ul>
<li>Apps</li>
</ul>
There are a plethora of real estate applications or ‘apps’ available for both iOS and Android devices to help buyers research, find and inspect properties all from their phone handset or tablet, the most popular of which is probably realestate.com.au.
Built-in GPS allows users to conduct a refined search of the most recent listings and sales results based on location, price range, property type, property features, such as number of bedrooms and bathrooms; land size and more. Apps of this kind are a convenient and efficient way to scroll through the hundreds of new listings advertised to the market each week.
Other useful apps include property guides, such as that provided by CBA, which gives users an estimated assessment of property values, unit measurement converters to calculate floor space and compasses that allow you to assess a property’s orientation and the amount of natural light it receives.
Progression in satellite mapping technology means that users can research properties and suburbs from above, assessing what the local area has to offer without leaving their seat. Available on the latest smart phones, Google maps uses built-in GPS technology to deliver location-specific results for local businesses and services such as schools, transportation, shopping and dining facilities and sports and recreation.
<ul>
<li>Street View</li>
</ul>
This handy tool enables users to take a virtual street-level tour of almost any capital city in the world, with 360-degree panoramic views of the streetscape. This can be particularly beneficial for cursory inspections of a property in assessing accessibility and the external condition and presentation of the property and the street. This can save valuable time by reducing the short-list and forgoing the need to physically inspect hundreds of potential properties.
<ul>
<li>Property data</li>
</ul>
Advances in digital technology such as the internet and personal computer devices means that access to information is becoming increasingly simple. RP Data and REIV in Victoria offer an abundance of free and paid information to assist property buyers with researching a property’s or suburbs historical performance. This data is invaluable in assessing a property’s future performance and its potential for strong capital growth.
Technology certainly makes it easier to conduct your property research, however, it should not replace a physical inspection if you are serious about buying a property. 
As the market heats up in Melbourne so too is the competition so do your homework and seek independent advice from a buyer’s advisor to ensure you select the property that will outperform the others in the market.
Greville Pabst is CEO and director of <a href="https://www.wbpproperty.com/" target="_blank">WBP Property Group</a>.
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Buying property in the 21st Century: Greville Pabst

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GUEST OBSERVATION
This week on The Block: Triple Threat the contestants renovated a second bedroom.
Scoring by property buyers advocate jury:
<ul>
<li>Charlotte and Josh - 24 
</li>
<li>Tim and Anastasia – 24.5 
</li>
<li>Aidan and Hess – 19.5 
</li>
<li>Dee and Darren – 23.5</li>
</ul>
The general consensus from myself and my fellow buyer’s advocates this week were:
<ul>
<li>Natural light</li>
</ul>
The level of natural light is an important factor that can impact enjoyment of the room. The best rooms are those light filled via northerly light. This week saw a divide between both the buyer’s advocates and the contestants on whether Dee &amp; Darren’s and Tim &amp; Anastasia’s bedrooms were too dark.
I think that light rooms are more appealing to a broader range of buyers.
<ul>
<li>The inclusion of a dressing table</li>
</ul>
Either built-in or freestanding greatly benefits a bedroom and gives it an extra level of luxe, which is another factor that made Tim &amp; Anastasia’s room the top scoring one for the week for us. Attention to detail to window furnishings can make or break a bedroom
I agree with the other buyer’s advocates that Charlotte &amp; Josh’s window finish was lacking and therefore detracted from the room. Contrastingly, Tim &amp; Anastasia’s excellent finishes on their windows added to the luxury feel of the space.
<ul>
<li>Bedrooms should have an abundance of storage for clothing, shoes, accessories and more</li>
</ul>
Aiden &amp; Jess could have greatly benefitted from having more space. Renovators should think ahead to make the room versatile for buyers.
Renovators should not speculate on the demographic of the buyer – they might be a young couple or a retired couple that will use a spare room as a guest room – but it also could be a family that needs a room for their children.
Greville Pabst is CEO of <a href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=0CEAQFjAA&amp;url=http%3A%2F%2Fwww.wbpproperty.com%2F&amp;ei=Jb4hUevODOyamQX6mIGYDQ&amp;usg=AFQjCNH0u8Ji9ymluq8AKARfB-KjHZ-aFA&amp;sig2=DNsIKQR7tQj4PtYuiJOHPA&amp;bvm=bv.42553238,d.dGY" target="_blank" rel="nofollow">WBP Property Group.</a>
Picture of Tim &amp; Anastasia courtesy of Channel 9.
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The key ingredients for a great bedroom: The Block's Greville Pabst

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Guest observation
On The Block: Triple Threat this week, Charlotte and Josh and Deanne and Darren received the highest scores from the property buyer's advocates jury.
I advised the contestants then to renovate to the area's demographic, and compare their renovations to hotels in the local area.
The scores from the buyer's advocate jury:
<ul>
<li>Charlotte and Josh: 26</li>
<li>Tim and Anastasia: 19</li>
<li>Aidan and Jess: 23.5</li>
<li>Dee and Darren: 26</li>
</ul>
Below are a list of features for renovators and investors to consider when it comes to bathrooms.
Some will pertain to powder rooms specifically, while others are more general comments about bathrooms.
<ul>
<li>Quality of finish</li>
</ul>
Consider tiles, bench tops and vanity / cabinetry, tiles and flooring, lighting, tap fittings, basin, glass screen fittings or shower screen, toilet (porcelain with soft close), metal towel racks and toilet roll holders (not plastic or imitation), soap dishes.
<ul>
<li>Design should be sleek, simple and practical. </li>
<li>
Bathroom should be well-lit, preferably with natural light, but also with white practical lighting. If there's no external window, could a skylight work? 
</li>
<li>
Space should be functional With practical basin (not something too shallow), adequate storage and bench space, as well as sufficient power outlets. Also, include a power point on the inside of the vanity, or behind the mirror if used for storage. Shower heads should be practical too, with sufficient water pressure. Check the pressure! 
</li>
<li>
Separate toilets are preferable, if possible. 
</li>
<li>
Use of natural materials Such as real timber, granite and porcelain. 
</li>
<li>
Frameless showers are popular and easier to clean. However, ensure the return adequately collects the water so the bathroom isn't flooded. 
</li>
<li>It's ideal to have external windows and adequate ventilation to allow light and air circulation. </li>
<li>
Have sufficient privacy with privacy glass and/or window furnishings, and perhaps a lockable door. 
</li>
<li>
Include a heated towel rack. Heated floors and heated lighting and exhaust fan should also be considered. 
</li>
<li>
Ensure bathroom is practical and not difficult to use for elderly or the young. If a toilet is too close to the wall it may be hard to access. Are there sharp corners that could cause injury? 
</li>
<li>
Baths and spas shouldn't be too close to the wall if freestanding. Make sure the bath can be cleaned easily and to facilitate air flow to reduce or prevent the occurrence of mould. 
</li>
<li>One basin or two? </li>
<li>
Non-slip tiles or flooring. Greville Pabst is CEO of <a href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=0CEAQFjAA&amp;url=http%3A%2F%2Fwww.wbpproperty.com%2F&amp;ei=Jb4hUevODOyamQX6mIGYDQ&amp;usg=AFQjCNH0u8Ji9ymluq8AKARfB-KjHZ-aFA&amp;sig2=DNsIKQR7tQj4PtYuiJOHPA&amp;bvm=bv.42553238,d.dGY" target="_blank" rel="nofollow">WBP Property Group</a> and a judge on The Block Triple Threat.</li>
</ul>
Above: Deanne and Darren's bathroom, courtesy Channel 9.
 
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How to renovate a bathroom: The Block's Greville Pabst

ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

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The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

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The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

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Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

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BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

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BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

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Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

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Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

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Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

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Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

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One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

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Greville Pabst

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