<html><body>
GUEST OBSERVATION
According to preliminary auction results, there were a reported 852 residential properties auctioned in Melbourne at the weekend, 76% or 494 of these selling.
Total auction volumes included 520 houses and 316 apartments, with clearance rates of 81% and 71% respectively. The balance of auctions consisted of vacant land sales.
The highly anticipated unofficial opening of Melbourne’s real estate auction calendar occurred at the weekend, and, as predicted by WBP’s property advisers, with as much ferocity as it closed in December last year.
The keen interest observed at open for inspections and the market’s handful of auctions in January and early February converted to participation at the weekend, with a multitude of bidders driving strong outcomes for many properties across Melbourne. And, the results are telling.
A clearance rate of 76% signifies over three quarters of vendors received an offer to purchase their property either equal to or exceeding their expectations. This demonstrates high confidence levels among both buyers and sellers – a factor that will continue to drive market performance until the Easter period, in the least, particularly following the RBA’s surprise cut to already record low interest rates earlier this month.
It’s interesting to note the consistency of performance across Melbourne’s metropolitan market. All residential markets, ranging from the city’s outer east to the west are clearing at rates higher than this same time last year. But still, Melbourne’s litmus suburbs experienced mixed results – Richmond showed a strong clearance rate, commanding strong prices for quality properties, while Reservoir cleared at lower rates with just half of auctioned properties transacting.
Other standout performer was St Kilda, due partly to a proportion of properties selling prior to auction. It’s not unusual for many properties to transact prior to auction in January and February amid concerns the market may not meet vendor price expectations prior to buyer interest peaking. This trend is likely to dissipate over coming weeks as markets heat up and vendors feel more at ease.
The Melbourne market has opened strongly overall, however, micro level analysis continues to demonstrate not all properties perform the same. Don’t rely heavily of macro property statistics when selecting a home or investment property. Instead, investigate the individual asset’s long-term performance as a gauge of future expectations.
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>
</body></html>

gpabst-nAfzC8fgsR

Melbourne's auction season swings back into action with ferocity: Greville Pabst

<html><body>
GUEST OBSERVATION
2014 was, for the most part, a solid and steady year for Australia’s residential property market in its major cities.
The Reserve Bank of Australia’s efforts to jawbone the property market down has had little to no effect on our major cities markets’, which have remained steady.
It is likely that interest rates will remain at current levels throughout 2015, with an increasing number of economists even tipping another interest rate fall. These low rates combined with steady demand and confidence from buyers suggests that the market will remain buoyant in 2015.
The New Year is tipped to open strong as a successful spring always leads to a strong opening in February. In 2015, Easter falls early in the year, which will bring forward activity in February and March.
Government intervention into the financial sector, in particular, placing a ban on borrowing to buy property within self managed super funds will cause a slowing in investor demand for property. Furthermore, the government has capped investment loans to 10% of banks capital lending requirements.
Most of the major banks are already at this limit and most of the secondary lenders have already exceeded this limit, the causal effect of this being a ban on investment property loans or credit squeeze – a sure way to destroy confidence and subdue demand.
Unemployment is the elephant in the room, though. Property is all about confidence. A sharp rise in unemployment will cause property markets to stall.
In 2015, it is likely that the strongest sections of the market will be established houses under $2 million within 10 kilometre of Melbourne’s CBD, and established houses under $2 million within 11 kilometres to 20 kilometres from Sydney’s CBD.
Affordability will become the main staller of our markets as median house prices in Sydney reach $800,000 plus and $650,000 plus in Melbourne. These markets have a tendency to self-correct in the long-term though. Population growth is likely to remain strong and supply of detached housing remains in short supply, this will keep prices higher.
Out of all the major cities, Perth is predicted to experience the least growth with values unlikely to increase in the short to medium term as the market absorbs oversupply.
Oil prices have fallen sharply to $60 a barrel. If sustained at these levels, there may be once again a renaissance in the motor vehicle with buyers prepared to make life style choices and commute larger distances.
The Australian dollar has fallen almost 20% over the past 18 months, this will make Australian property cheaper to foreign buyers and expats who are often paid in U.S. dollars.
Despite our forecast of stable conditions in 2015, selecting a property that guarantees good capital growth is a complex process. Many different factors including size, condition, suburb, street, lot location, orientation and broader economic conditions hold bearing on a property’s potential capital growth.
Analysing a property’s historical performance is probably the most important activity to undertake when selecting an investment grade property.
MY PROPERTY TIPS FOR INVESTORS IN 2015
<ul>
<li>Research the market and invest in areas where new infrastructure is planned – this will add amenity to the suburb.</li>
<li>Practice caution when dealing in new property and investor driven markets that are overly influenced by foreign buyers.</li>
<li>An increasing number of homes are being dressed for sale. Look past the gloss and identify potential long-term issues.</li>
<li>Avoid properties in compromised locations, such as next to busy roads. They may appear cheap but are less likely to experience capital growth under slower/normal market conditions.</li>
<li>Acquire property that’s adaptable/suitable to peoples’ current lifestyle needs like properties with sunny northerly aspect rear yards, alfresco outdoor areas and open plan living areas.</li>
<li>Do your homework! Buyers need to put in the time and the effort to complete thorough research into any property purchase to ensure it will perform well in the future.</li>
<li>Investigate comparable sale results, sale history of the property, conduct building and pest inspection reports and review intangible aspects such as locational attributes, street appeal, floor plan, orientation, outlook, future surrounding development, town plans and zoning precincts.</li>
<li>Bid early and hard at auction.</li>
</ul>
State by state forecasts begin on the next page. Please click below. 
<hr class="system-pagebreak">
STATE BASED MICRO 2015 PROPERTY FORECASTS
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" width="453">
Melbourne Property type
</td>
<td valign="top" width="115">
2015 Forecast %
</td>
</tr>
<tr>
<td valign="top" width="453">
Modern units/apartments (legitimate resales, not off-the-plan)
</td>
<td valign="top" width="115">
0 - 4%
</td>
</tr>
<tr>
<td valign="top" width="453">
Established units/apartments
</td>
<td valign="top" width="115">
6 - 8%
</td>
</tr>
<tr>
<td valign="top" width="453">
Prestige market ($5+ million)
</td>
<td valign="top" width="115">
5 - 6%
</td>
</tr>
<tr>
<td valign="top" width="453">
Prestige market ($2 - $5 million)
</td>
<td valign="top" width="115">
6 - 8%
</td>
</tr>
<tr>
<td valign="top" width="453">
Established houses within 10km from CBD (under $2 million)
</td>
<td valign="top" width="115">
7 - 9%
</td>
</tr>
<tr>
<td valign="top" width="453">
Established houses within 11 – 20km from CBD (under $2 million)
</td>
<td valign="top" width="115">
5 - 6%
</td>
</tr>
<tr>
<td valign="top" width="453">
Holiday market
</td>
<td valign="top" width="115">
0 - 4%
</td>
</tr>
<tr>
<td valign="top" width="453">
Mortgage belt (under $500k)
</td>
<td valign="top" width="115">
0 - 4%
</td>
</tr>
<tr>
<td valign="top" width="453">
Development sites
</td>
<td valign="top" width="115">
4 - 6%
</td>
</tr>
</tbody></table>
 
Overarching forecast of Melbourne’s property market in 2015:
<ul>
<li>The low interest rate environment will continue to assist Melbourne’s property market; facilitating strong demand and confidence from buyers. This should result in steady property price growth throughout Melbourne’s most established suburbs.</li>
<li>Introduction of neighbourhood zones in leafy inner areas of Melbourne have effectively shut out developers from areas majority of people want to live. This supply constraint will over time effectively cause prices to rise in these locations as demand will outpace supply.</li>
<li>The oversupply of land and new housing in Melbourne’s growth corridors will contribute to patchy results in these locations.</li>
<li>The ever increasing supply of off the plan properties in Melbourne’s CBD and inner ring will continue to negatively impact new and modern apartments in the city. 
</li>
<li>In short, Melbourne’s property market in 2015 will closely resemble 2014, except it is likely to experience 1 - 2 percentage points less in growth terms.</li>
</ul>
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" width="489">
Sydney Property type
</td>
<td valign="top" width="120">
2015  Forecast %
</td>
</tr>
<tr>
<td valign="top" width="489">
Modern units/apartments (legitimate resales, not off-the-plan)
</td>
<td valign="top" width="120">
+5
</td>
</tr>
<tr>
<td valign="top" width="489">
Established units/apartments
</td>
<td valign="top" width="120">
+5
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($5+ million)
</td>
<td valign="top" width="120">
-2 to 0
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($2 - $5 million)
</td>
<td valign="top" width="120">
0 to +5
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 10km from CBD (under $2 million)
</td>
<td valign="top" width="120">
+5
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 11 – 20km from CBD (under $2 million)
</td>
<td valign="top" width="120">
+5 to +10
</td>
</tr>
<tr>
<td valign="top" width="489">
Holiday market
</td>
<td valign="top" width="120">
-5
</td>
</tr>
<tr>
<td valign="top" width="489">
Mortgage belt (under $500k)
</td>
<td valign="top" width="120">
0 to +5
</td>
</tr>
<tr>
<td valign="top" width="489">
Development sites
</td>
<td valign="top" width="120">
+10
</td>
</tr>
</tbody></table>
 
Overarching forecast for Sydney’s property market in 2015:
<ul>
<li>In 2015, stock levels in Sydney will remain historically low while demand for vacant land will remain steady to strong.</li>
<li>Demand from overseas buyers will continue - subject to any FIRB changes.</li>
<li>The entry level market is likely to see good growth.</li>
<li>Granny flat sites will continue to draw in buyers, particularly Chinese and subcontinent investors.</li>
<li>Acreage markets will experience growth, particularly within new land release areas.</li>
<li>New unit prices will stabilise and soften as increasing stock levels drive oversupply. This may cause a reduction in rental returns, particularly within overseas investor driven localities.</li>
<li>The south-west rail line will greatly benefit south-western growth centres.</li>
</ul>
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" width="489">
Adelaide Property type 
</td>
<td valign="top" width="120">
2015  Forecast %
</td>
</tr>
<tr>
<td valign="top" width="489">
Modern units/apartments (legitimate resales, not off-the-plan)
</td>
<td valign="top" width="120">
-1 to + 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Established units/apartments
</td>
<td valign="top" width="120">
-2 to + 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($3+ million)
</td>
<td valign="top" width="120">
1 to 4
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($1.5 - $3 million)
</td>
<td valign="top" width="120">
1 to 4
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 10km from CBD (under $1 million)
</td>
<td valign="top" width="120">
1 to 4
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 11 – 20km from CBD (under $1 million)
</td>
<td valign="top" width="120">
-1 to + 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Holiday market
</td>
<td valign="top" width="120">
-2 to + 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Mortgage belt (under $500k)
</td>
<td valign="top" width="120">
-3 to + 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Development sites
</td>
<td valign="top" width="120">
-5 to 0
</td>
</tr>
</tbody></table>
Overarching forecast for Adelaide’s property market in 2015:
<ul>
<li>Record low interest rates have been a key driver of growth from late 2012 onwards. During 2014 demand has generally exceeded supply in the inner ‘blue chip’ suburbs resulting in a ‘sellers market’.</li>
<li>Affordability continues to become an issue - we have seen very strong growth for infill development in the middle north-eastern and south western suburbs during 2014. Growth in this segment is expected to slow into 2015.</li>
<li>Increasing unemployment in the manufacturing sector and recent reductions in government grants will continue to have a negative impact in some segments of the market; particularly in the outer mortgage belt areas to the north.</li>
<li>In general we expect that most segments will normalise in the middle and inner suburbs during the later part of 2015.</li>
</ul>
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" width="489">
Perth Property type
</td>
<td valign="top" width="120">
2015  Forecast %
</td>
</tr>
<tr>
<td valign="top" width="489">
Modern units/apartments (legitimate resales, not off-the-plan)
</td>
<td valign="top" width="120">
-5 to 0
</td>
</tr>
<tr>
<td valign="top" width="489">
Established units/apartments
</td>
<td valign="top" width="120">
-5 to 0
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($5+ million)
</td>
<td valign="top" width="120">
-5 to 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($2 - $5 million)
</td>
<td valign="top" width="120">
-5 to 2
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 10km from CBD (under $2 million)
</td>
<td valign="top" width="120">
-2 to 3
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 11 – 20km from CBD (under $2 million)
</td>
<td valign="top" width="120">
0
</td>
</tr>
<tr>
<td valign="top" width="489">
Holiday market
</td>
<td valign="top" width="120">
-5 to 0
</td>
</tr>
<tr>
<td valign="top" width="489">
Mortgage belt (under $500k)
</td>
<td valign="top" width="120">
-2 to + 3
</td>
</tr>
<tr>
<td valign="top" width="489">
Development sites
</td>
<td valign="top" width="120">
-2 to + 3
</td>
</tr>
</tbody></table>
Overarching forecast for Perth’s property market in 2015:
<ul>
<li>Whilst low interest rates will in time rekindle buyer confidence and stimulate market activity, values are unlikely to increase within the short to medium term as the market absorbs the oversupply.</li>
<li>The slow-down in the resources sector is likely to see a further reduction in activity.</li>
</ul>
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0" align="left"><tbody>
<tr>
<td valign="top" width="489">
Brisbane Property type
</td>
<td valign="top" width="120">
2015  Forecast %
</td>
</tr>
<tr>
<td valign="top" width="489">
Modern units/apartments (legitimate resales, not off-the-plan)
</td>
<td valign="top" width="120">
0 to 5
</td>
</tr>
<tr>
<td valign="top" width="489">
Established units/apartments
</td>
<td valign="top" width="120">
0 to 5
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($5+ million)
</td>
<td valign="top" width="120">
steady
</td>
</tr>
<tr>
<td valign="top" width="489">
Prestige market ($2 - $5 million)
</td>
<td valign="top" width="120">
steady
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 10km from CBD (under $2 million)
</td>
<td valign="top" width="120">
0 to 5
</td>
</tr>
<tr>
<td valign="top" width="489">
Established houses within 11 – 20km from CBD (under $2 million)
</td>
<td valign="top" width="120">
0 to 5
</td>
</tr>
<tr>
<td valign="top" width="489">
Holiday market
</td>
<td valign="top" width="120">
steady
</td>
</tr>
<tr>
<td valign="top" width="489">
Mortgage belt (under $500k)
</td>
<td valign="top" width="120">
0 to 5
</td>
</tr>
<tr>
<td valign="top" width="489">
Development sites
</td>
<td valign="top" width="120">
steady
</td>
</tr>
</tbody></table>
Overarching forecast for Brisbane property market in 2015:
<ul>
<li>Minimal upward movement for land prices.</li>
<li>Good demand for new house and land packages.</li>
<li>Lot production continues to rise and expected to reach 9,000 lots per annum by 2015/16.</li>
<li>More positive local economic conditions.</li>
<li>Residential and Commercial construction markets are likely to improve further.</li>
<li>Relatively higher rental yields.</li>
<li>Increase in interstate migration and move to lifestyle property.</li>
</ul>
</body></html>

Melbourne inner ring house prices to increase by 9%: My 2015 forecasts

<html><body>
GUEST OBSERVATION
Investing in property can prove financially rewarding. It often proves less volatile than shares or other investments.
With property you can earn rental income and benefit from capital growth and many property expenses can be offset for tax purposes but to ensure the property you purchase is a wise investment, it’s essential to have a clear strategy and conduct the appropriate due diligence.
When formulating your investment strategy it’s important to consider factors including whether you want to buy a house or a unit, the value of the land, the suburb’s future outlook and whether you want to buy off the plan or pre-established. For the inexperienced these considerations can be an overwhelming.
To make an informed decision and achieve the maximum value from your investment, seeking professional advice is invaluable. Engaging a buyer’s advocate to help you find and secure a property that meets your personal investment needs is one way to do this. For those not wishing to engage a buyer’s advocate, there are property investment guides available to ensure you know what to look for when considering potential properties.
Failure to conduct the necessary research can result in purchasing a property that isn’t investment-grade. In fact, most potential investors are unaware that fewer than 5% of properties on the market at any given time are specifically suited for long-term investment.
There are two simple yet strategic considerations often overlooked are opting for a property with off-street parking and avoiding main roads.
While off-street parking adds a premium to the purchase price for properties within 10 kilometres of Melbourne, it also contributes to higher rents, stronger capital growth and shorter vacancy periods. Factors such as these can be the difference between a profitable venture and a financial loss.
While there are many benefits to investing in property, to achieve the maximum return from your investment, it pays to do your research and seek independent advice to ensure you are informed and researching strategically.
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>
WBP Property Group’s 'The Essential Guide to Investing in Property' is available at <a href="https://www.wbpproperty.com/">www.wbpproperty.com</a>.
</body></html>

Preparing to start your property investment adventure

<html><body>
Guest observation
Spring is here and with it, an air of excitement about Melbourne's residential property sector.
History tells us market activity will be reinvigorated in the coming weeks with a surge of properties hitting the market mid-October. The choices for buyers will be bountiful, but, be warned, not everyone will wind up a winner this spring.
Buying and investing in property can be tricky business. Here are three simple tips to avoid the most common heartaches when buying during the frenzy this spring.
Don't pay too much
 Remember, price doesn't necessarily equal value. When buying property don't take the listing price as gospel. It's a real shot to the heart, and the ego, to find out you've overpaid for a property because you failed to do your research, or got caught in the emotion of the purchase. Research is the key to negotiating a price that is fair for both you and the seller.
Compare the property with recent sales of similar properties, or, if it's particularly unique or unusual, obtain a sworn valuation for greater certainty.
Competition will be particularly strong for family homes in Melbourne's middle ring suburbs, while $1 million plus homes and established one and two-bedroom apartments in the city's inner suburbs will be a popular choice among professional households and families.
Don't miss out 
There's nothing more disappointing than missing out on a property you have your heart set on. This can be avoided to some degree by ensuring the property is the right match from the outset. Firstly, is the property's upper price limit within your budget and how much are you willing to pay for it?
While it's important to feel excited about a property purchase, don't allow emotion to impact your perception of value.
It's also important to realise not all successful purchases are just about price – offering the winning bid is also about strategy. For example, stamp duty concessions for first-home buyers, which from 1 September save buyers 50% or up to $15,535 on stamp duty costs, cut out at $600,000.
Savvy buyers who recognise this limitation know that, with a single dollar more, they can knock first-home buyers out of the race, reducing their competition and improving their chances to tender the winning bid.
Also, consider what conditions of sale will make your offer more appealing to the seller, like an unconditional offer, a higher deposit or a shorter or longer settlement period, depending on the seller's requirements.
If your purchase is for investment purposes you could also rent the property back to the current owner in need to sweeten the deal. Buy an asset, not a liability 
Residential property is increasingly complex with many things to consider to select a property that satisfies both personal and investment parameters.
Generally, the most influential factor driving performance is location. Proximity to schools and employment, transportation – including arterial roads and reliable public transport, and infrastructure such as shopping, culinary and recreational facilities is of particular importance to the majority of would-be buyers.
But, while being located within walking distance or a short commute to the above can be beneficial, being too close can be detrimental, due to noise pollution and traffic congestion.
Armed with the right knowledge and attitude, discerning buyers will uncover some of Melbourne's best performing properties this spring, reaping the rewards of their careful selection for many years to come.
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>
</body></html>

Three familiar property heartaches and how to avoid them

<html><body>
For seasoned and beginner investors alike, the property market offers far less certainty today than it did a decade go. Over a few short years the market has evolved to encompass a vast array of property types including off-the-plan developments, student accommodation, serviced apartments, housing estates and town developments to name only a few.
This evolution has undoubtedly increased the complexities around property investing. The market, now flooded with products, has become complex and confusing ultimately making investors vulnerable to poor property selection. Not all property assets perform the same and with so many to choose from, and many with powerful marketing incentives, the landscape has become difficult to navigate. Today purchasing property without sound advice leaves little degree of certainty that the property will experience good growth over time.
Investing in property to grow personal wealth is not a new concept, in fact some schools are now considering making it part of their syllabus due to its perceived importance in society. Investing in property through self-managed superannuation funds (SMSFs) has risen in popularity in recent times; with SMSFs holding approximately $80 billion of their $495 billion assets in residential and commercial property today. As such ASIC has implemented new rules to protect SMSF holders including preventing real estate agents, not licensed to provide financial advice, from giving advice to investors about their SMSFs -  is a job to be left to finance professionals.  So, although it is integral to always seek independent and reputable advice, it’s important to engage the right professional relative to your needs.
Making sure you seek advice about a product or service from the professional that works with that product or service is of upmost importance. So always obtain financial advice, particularly when it comes to your SMSF, from a reputable finance professional. However if s/he recommends investing in property then seek an independent property professional to help guide your purchase; particularly with today’s complex property market.
Just as financial advisors are critical to growing personal wealth, so are property advisors when it comes to selecting investments that are matched to your goals.  It’s all about seeking professional and independent advice from the right person – make sure they live, breath and are trained in the area you are seeking information on.  After all, you wouldn’t pay a property advisor to help you set up a SMSF or to invest in shares.
 
<hr>
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" rel="nofollow" target="_blank">WBP Property Group.</a>
</body></html>

Engage the right professional and get the right advice

<html><body>
Brunswick is located about six kilometres north of Melbourne’s CBD and is bordered by <a target="_blank" href="/news">Brunswick East</a>, <a target="_blank" href="/news">Brunswick West</a>, <a target="_blank" href="/news">Carlton North</a>, <a target="_blank" href="/news">Coburg</a>, <a target="_blank" href="/news">Parkville</a> and <a target="_blank" href="/news">Princes Hill</a>. It is a multicultural suburb with a culturally and linguistically diverse population of about 22,000. Brunswick has a mix of second-generation families, single and double income families and students.
It is one of Melbourne’s most eclectic and cosmopolitan suburbs and it offers great services and amenities for both residents and visitors. The main thoroughfare is Sydney Road, which offers an array of restaurants, cafes, bars and general and specialty retail stores with truly multicultural flavours.
<a target="_blank" href="/news">Brunswick</a> boasts many ‘pocket’ parks and reserves. The biggest open space is a combination of several sporting areas including Alex Gillon Oval, Raeburn Reserve, Brunswick Park, Clifton Park and Gilpin Park. Brunswick has two primary schools and two secondary schools in addition to language and vocational training facilities and an RMIT University campus.
As far as housing types go, the most common are standalone dwellings, followed by flats, units and semi-detached housing. Below is a breakdown of housing in Brunswick:
<ul>
<li>
Attached and detached Victorian terraces, circa the early 1900s,
</li>
<li>
Low-rise flats built in the 1950s and 60s to accommodate the influx of new immigrants.
</li>
<li>
There is a good supply of single fronted brick and weatherboard homes and since the mid 1990s there has been a steady trend of knocking down old dwellings to build new town houses.
</li>
<li>
In the last five to 10 years have many medium rise apartment blocks comprising around 100 units have been erected; numerous new developments are underway or in the planning stages.<del cite="mailto:Nicholas%20Brittain" datetime="2013-02-19T08:25"> </del>
</li>
</ul>
If you are looking to invest in Melbourne property, Brunswick is definitely worth a look. The suburb has great appeal to renters with its close proximity to the city, great transport infrastructure and relatively cheap rents. Renters represent 44% of residents who are mostly in the sub-35 age group.
{qtube vid:=6v21mkAXSNI}
Both houses and units in Brunswick have experienced strong capital growth over the past 10 years, with the median house price for both almost doubling between 2002 and 2012.  A great patch in Brunswick to keep your eye on is the area situated between Brunswick Road and Dawson Street as it offers outstanding renovated single fronted brick and timber homes.
Central Brunswick, which extends from Dawson Street in the South, Albion Street in the North, Melville Road in the West and Logan Street in the East is well known for its fully renovated and extended single fronted and double fronted Victorian and Edwardian homes. However buyers should be careful not to buy too close to the freeway on the west side.
Also be wary of properties that are too close to the train line or shops; ones within a few minutes walking distance are ideal. Remember that Brunswick is a big suburb with a lot of variance in property types and prices. Market forces can vary within different pockets of the suburbs, so when looking at or comparing properties, be sure to compare apples with apples.
Remember the old property cliche ‘location, location, location’? We like to explain this as choosing the right suburb, the right street and the right position on the street or block.
By making smart and well-informed property decisions you will watch you investment grow.
 
Greville Pabst is CEO of <a target="_blank" rel="nofollow" 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">WBP Property Group.</a>
</body></html>

Expert view: Suburb spotlight on Brunswick

<html><body>
Property expert and WBP Property CEO Greville Pabst provides a tour of inner Melbourne suburb Richmond, offering his expert advice on the best property investments in the area.
<iframe width="470" height="272" src="https://www.youtube.com/embed/GyiOK3OviRQ?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
</body></html>

WBP's Greville Pabst looks at Richmond, Victoria

<html><body>
There were a reported 555 residential properties auctioned in Melbourne at the weekend, 75% of which sold.
The weekend news gave voice to speculation that the Melbourne market is oversupplied and that prices are set to decline in the coming months.
However, this broad view is unfounded with all signs to the contrary and trends indicating property prices will increase further as the year draws on.
While stock levels are nominally higher than is typical for the winter period, the higher volume is coupled with very strong and stable clearance rates, indicating that underlying demand is more than sufficient to absorb current stock.
In fact, current trends indicate that clearance rates will increase even further as spring unfolds, with WBP property adviser Phil Manning tipping clearances rates will reach 80%.
Current rates show that almost three in every four properties auctioned are successfully sold - an increase of more than 10% when compared with the overall clearance rate in 2012, and that’s with an increase in stock levels.
The type of stock available at present is also worth noting. There is a high proportion of poor quality non investment-grade stock available, which is driving greater competition for quality assets.
But, while current demand is good for quality properties, it’s also benefiting property in general in Melbourne’s inner suburbs. The ferocity in competition means many homebuyers and investors are becoming indiscriminate of flawed properties.
The current environment in the property market is underpinned by relative affordability, record low interest rates and the stability of the property market as an investment class.
Current conditions are unlikely to change in 2013, which will continue to drive growth in the marketplace for many property types and locations.

<hr>
Greville Pabst is CEO of the <a title="WBP Property Group" href="https://www.wbpproperty.com/" rel="nofollow" target="_blank">WBP Property Group</a>.
 
</body></html>

Melbourne auction clearance rates could break through 80%: Greville Pabst

<html><body>
WBP Property Group chief executive Greville Pabst looks at leafy Melbourne suburb South Yarra through the lens of an astute property buyer. 
Greville labels the area as ‘capital growth central’ and after identifying Domain Road Hill and its surrounding streets as the pinnacle of good buying in the area, he identifies other local streets that carry great potential for property investors. 
It’s difficult to go wrong when investing in South Yarra, with its proximity to the CBD, the Royal Botanic Gardens, the MCG and Melbourne’s premium shopping precinct on Toorak Road and Chapel Street.
Property investors will learn about what they can expect and where they may have to compromise when investing in South Yarra. 
<iframe width="470" height="272" src="https://www.youtube.com/embed/zcIbxPOKEC4?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
</body></html>

WBP Property Group's Greville Pabst explores South Yarra

<html><body>
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>.
</body></html>

The advantages of a SMSF: Greville Pabst

Brisbane-based developer <a href="https://www.apartments.com.au/developers/azure">Azure</a> is has been greenlit for its $115 million residential project within the Gold Coast Health and Knowledge Precinct in Southport

Following the acquisition of the site at <a href="https://www.apartments.com.au/new-townhouses/1-clarke-street-southport-qld-4215">1 Clarke Street</a> in October 2025 with development application Lodgement in January 2026, Azure has been granted approval for the 114 terraces which will form the final stage of the wider Lumina development.

“It’s a fantastic milestone for us to receive the green light on our second Gold Coast project,” said Trent Keirnan, Founder of Azure.

“The Gold Coast continues to evolve, with demand for considered, high-quality residences at an all-time high. This project has been thoughtfully shaped to respond to that demand.

“We’ve worked closely with Economic Development Queensland to bring this project forward, and the collaboration has been both proactive and highly considered. Their shared commitment to quality housing outcomes has enabled a streamlined approvals process and a strong result for the precinct.”&nbsp;

Appealing to a wide demographic, the project will deliver a range of two- and three-storey designs comprising a collection of three-bedroom terrace homes as well as one- and two-bedroom apartment-style residences. The designs by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>&nbsp;focus on&nbsp;“urban coastalism”.

Residents will have access to an array of lifestyle amenities, including a resort-style pool with multiple lounging zones and landscaped gardens.

The residential offering will support the thriving Health and Knowledge Precinct, which includes Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital and the new RDX Lumina and Proxima Towers, which are home to a range of health, education and research tenancies, including a 200-place childcare centre.

Azure aims for an off-market release for the project in the third quarter of this year, at the same time as construction is anticipated to start.

Joel Robinson

Azure approved for new townhouse development in Southport

Fortis has secured approval for a 57-room hotel at Richmond Square, marking another milestone in the delivery of the $330 million mixed-use precinct in Melbourne's inner east.

The hotel will occupy Levels 1 and 2 of Carmine House and forms part of Fortis' vision for Richmond Square, a precinct that will bring together apartments, hospitality, wellness and lifestyle offerings between Richmond and Cremorne.

Once complete, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> will comprise 107 residences across Wiltshire House and Carmine House, alongside the hotel, hospitality venues, wellness facilities and a range of services aimed at both residents and visitors.

[smartcode_project:default project_id=13181 project_image_fid=348529]

The approval adds another layer to what Fortis is creating at Richmond Square, as developers increasingly look beyond standalone apartment buildings and towards mixed-use precincts that provide amenity and activation beyond the front door.

Jordan Winada, Head of Acquisitions (Commercial) Victoria at Fortis, said the approval was an important step in delivering the broader vision for the project.

"Richmond Square has always been about creating a destination rather than simply delivering residential apartments," Winada said.

"As buyer expectations continue to evolve, we're seeing increasing demand for developments that offer convenience, connection and access to high-quality experiences and amenity as part of everyday life.

"The hotel approval allows us to further realise that vision and create a precinct where residential living is complemented by hospitality, services and amenity in a way that is rarely seen in Melbourne's CBD and city fringe."

[smartcode_project:default project_id=13181 project_image_fid=348530]

The hotel will also support a range of optional services for residents of Carmine House, including housekeeping and linen refresh programs, laundry and dry-cleaning services, in-residence food and beverage delivery, grocery and pantry stocking services, and concierge assistance.

The approval comes as owner-occupiers continue to dominate Australia's new apartment market, with buyers increasingly seeking developments that offer convenience, flexibility and lifestyle amenity alongside their homes.

Winada said buyers are now placing greater emphasis on the broader precinct and surrounding amenity when making purchasing decisions.

"Residential amenity is no longer limited to what sits within an apartment building. Buyers are increasingly assessing the broader lifestyle ecosystem surrounding their home and the ways in which a precinct can support their day-to-day needs.

"Richmond Square has been designed to provide that experience through a carefully curated mix of residential, hospitality and lifestyle offerings that work together to create a more connected way of living."

[smartcode_project:default project_id=13181 project_image_fid=348534]

The hotel is expected to open in early 2027, with the operator to be announced later this year.

Further hospitality, retail and lifestyle tenants are also expected to be revealed in the coming months as Fortis continues to shape the offering at Richmond Square.

[smartcode_project_cta:default project_id=13181]

Fortis approved for hotel component of Richmond Square precinct

Having successfully expanded into a new region with its Caloundra apartment development, Sunset by Dusk Group, growing South East Queensland developer Dusk Group is again venturing into new territory.

The developer has lodged plans for a 70-apartment project in the Moreton Bay region, to be known as <a href="https://www.apartments.com.au/new-apartments/sunrise-on-sutton-25-sutton-street-redcliffe-qld-4020">Sunrise on Sutton</a>, named after its prime Sutton Street location, just one street back from Suttons Beach.

<img alt="Sutton" data-entity-type="file" data-entity-uuid="88a9f9ee-6ace-47f5-a0c6-8fb134b27e98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.42%E2%80%AFAM.png?VersionId=iMXmJ7_BNZAmCt.jjupMSLdV_Qa9zJAK" />

Dusk Group Directors Huw Feeney and Anthony Short seized the opportunity to acquire the near-1,800 sqm amalgamated corner site at Sutton and Ella Streets for their first project in the area.

They have again enlisted MAS Architecture Studio, the architects behind Sunset by Dusk, to design the new eight-storey development.

The building will comprise a mix of one, two and three-bedroom apartments and has been designed to maximise views towards Suttons Beach, Margate Beach and Moreton Bay.

Pending approvals, the project could launch before the end of the year.

<img alt="Dusk" data-entity-type="file" data-entity-uuid="90c0c26c-096c-4ceb-8c58-f8303aea542f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.49%E2%80%AFAM.png?VersionId=nw8bqQtpOrf5nA95tuYhtqdB59YUzmO0" />

The development will provide 111 car parking spaces and 40 bicycle spaces.

Positioned within walking distance of Suttons Beach, Bluewater Square, Redcliffe Hospital and the Redcliffe Paceway, the development will sit within one of the peninsula's increasingly urbanised coastal pockets.

Redcliffe's new apartment market remains exceptionally tight, with Gardner Vaughan Group's One Redcliffe currently the only new apartment development actively being marketed in the beachside suburb.

It's another beach-focused development for Dusk Group, who has seen considerable success at its Caloundra apartment development, <a href="https://www.apartments.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>.

Over 80 per cent of the 36 apartments have sold ahead of its early 2027 completion.

&nbsp;

First look: Dusk Group targets Suttons Beach precinct with 70-apartment Redcliffe proposal

Leading Brisbane developer <a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has completed and settled $450 million worth of apartments at Monarch Residences in Toowong, marking one of Brisbane’s most significant and prestigious riverfront residential completions in recent years.

The final apartment at Monarch sold at auction on the 30th May for $4.1m.&nbsp;

The milestone has been marked at a ribbon-cutting ceremony at <a href="https://www.apartments.com.au/buildings/monarch-residences-toowong-600-coronation-drive-toowong-qld-4066">Monarch Residences</a>, with Cr Penny Wolff highlighting the importance of completing major residential projects to boost the city’s much-needed housing supply.

The 224 apartments, delivered across two 15-level towers, are now officially in the hands of owners, including Brisbane downsizers, families and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

<img alt="$450M Monarch Residences sells out as Brisbane riverfront demand surges" data-entity-type="file" data-entity-uuid="56ae05e9-092f-41f0-98a1-a10984fdd171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ROBNN_MONARCHLAUNCHEVENT-131.jpg?VersionId=p76J6weGZqseNrE6aOAjmAHUah.y65Gd" />

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land, into a thriving residential precinct with Middenbury House at its centre.&nbsp;

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Mr O’Rorke said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. They understand the challenges of the housing industry and are doing something about it.”&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211466]

Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” MacGinley said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex and Titles Queensland assisted to remove hurdles to achieve settlements.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> in Yeerongpilly and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a> in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and which has been carefully restored and integrated into the broader masterplan.&nbsp;

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

[smartcode_project:default project_id=113455 project_image_fid=211495]

Colliers Director of Residential Andrew Scriven said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship and irreplaceable riverfront position that Monarch offers,” Scriven said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare. Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

[smartcode_project_cta:default project_id=113455]

Consolidated Properties Group sells out Monarch Residences as Brisbane riverfront demand surges

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.

Greville Pabst

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News