A circa-1911-built church in the Orara Valley, NSW, has been&nbsp;sold for $180,000.

The&nbsp;heritage property is at<a href="https://www.nswrealestate.com.au/pol/property/search.asp?f_propertyID=1914640&amp;xsl=2943" target="_blank">&nbsp;612 Upper Orara Road&nbsp;</a>.

Under provisions of the Coffs Harbour LEP 2000 this &lsquo;Rural 1A&rsquo; zoned property can be converted into a dwelling, with the addition of a bathroom and kitchen.

The Coffs Harbour-based NSW Real Estate agent Grant Larsen, who negotiated the sale, says the new owners intend to restore the building to its former glory and convert it into a dwelling for their own use.

Larsen says he received solid interest in the property during the marketing campaign.

&ldquo;The property received over 6,600 views on the internet sites and in excess of 50 buyer inspections,&rdquo; he says.

According to the property listing the former Anglican Church is &ldquo;a high quality example of a &lsquo;carpenter gothic style&rsquo; church from the early 20th&nbsp;Century.&rdquo;

One of four Anglican Churches in the Orara Valley, it has solid timber walls, high-pitched timber ceilings, exposed timber trusses, arched doors and leadlight windows as well as front, side and rear entrances.

Situated on 1,011 square metres of land and nestled amongst liquidambar trees the property was built from local timbers hauled to the site by bullock dray.

It was originally listed at $235,000.

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Century old Orara Valley church sells for $180,000

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An aeronautically designed five-star hotel for pilots is set to open at Mudgee Airport next month. 
   The first of its kind in Australia, the luxury accommodation is located just 120 metres from the runway and provides an active taxiway connection direct to its door.   Designed as a multi purpose resort for pilots, it caters for groups of up to 14 guests and has facilities for functions as well as workshops, flight training and aircraft storage.   It has five hotel suites, conference rooms, a pilot’s lounge, pilot’s residence, swimming pool and a commercial kitchen.   Owner, Observe Air is an approved ‘call when needed’ operation and will use the hangar as a seasonal base for the NSW Rural Fire Service (RFS) in times of bushfire danger.   Maurice Patten of Patten Designs was commissioned by the company to design the hotel and it was built by local Mudgee builder Peter Barlow.   Mr Patten says the design of the building was inspired by World War Two Hangars and the local landscape in Mudgee.   “Henry Lawson’s old cabin is actually further along there, and that has an old chimney on it, so that inspired me to put a chimney on the social area of the building,” he says.   Patten says his client, chief pilot at Observe Air Brad Welch, is passionate about flying and is now living at the complex himself.   The process began in 2009, with six months of planning before building commenced in 2010. The project was completed last year and the hotel will be officially opened next month.   Patten says Mid Western Regional Council played an important role in getting the development underway.   “The council was really great, they were really involved in the process. It was a long but very considered process. Normally you would think of councils as being a bit of a pain but they actually assisted,” he says.   The surrounding area has been subdivided and construction is underway on an aircraft hangar on a lot adjoining Hanger House Hotel. 
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Five-star hotel for pilots set to open at Mudgee Airport

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A corner retail building in Melbourne’s CBD has sold to a local investor for $7.15 million. 
 More than 150 people attended the auction for the property, located on the corner of Lonsdale Street and Drewery Lane, but it was not sold until shortly after the auction. It last sold for $4.1 million in 2008.
<img src="/images/stories/2013/06/lonsdalejune26one.jpg" width="470" height="311" alt="lonsdalejune26one">
The 498-square metre, 4-storey building (pictured below) is freestanding and in an ideal location with triple street frontage and situated next to Melbourne Central QV complex and opposite the new Emporium Melbourne complex.
<img alt="lonsdalejune26two" height="262" width="470" src="/images/stories/2013/06/lonsdalejune26two.jpg"> 
  CBRE agents Josh Rutman, Ed Wright and Mark Wizel handled the properties sale and say that it’s success is part of a larger trend in investor interest in the Melbourne CBD.   “The sale… illustrates the confidence of investors, and more importantly their banks, in this up and coming retail precinct,” Mr Rutman says.   A recent CBRE review highlighted strong investor demand for Melbourne CBD properties priced between $2 million and $10 million.   It also noted that only 4 notable transactions of this kind were completed in the second quarter of 2013, showing a lack of opportunities to purchase in this market.   The Lonsdale property returns a yearly rental income of $195,806. CBRE said it translated to a yield of 2.58%.   CBRE Melbourne City sales division says it has potential to be developed as retail, office or residential space, subject to council approval.   Recent low interest rates and Melbourne’s strong population growth have contributed to a renewal of local investor demand, but Mr Wright says it is rare to find a property of this kind.   “Very rarely does an opportunity to purchase a freehold property in the retail core become available, let alone a corner property with triple street frontage, which is directly opposite what is mooted to be Melbourne’s most prestigious retail centre,” he says.
The building was home in the mid-1990s to the retailer, Fax &amp; Typewriter City.
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Lonsdale Street, Melbourne building sells at 2.58% yield

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Retailing tycoon Gerry Harvey has purchased the Cairns Hypermart for $16.175 million. 

The 15,300 square metre shopping centre (pictured below) has several big-name tenants, including Harvey Norman which has 9400 square metre space which represents 61% of the centre's space.
{yoogallery src=[images/stories/2013/06/june26hypermart]}
Its other tenants include Snooze and Freedom Furniture.
It returns a rental income of $1.94 million per annum. Its about 99% leased.

The centre and office tower located on the corner of Spence and Draper streets comes with 162 car parks on its 2.43 hectare site. It has been bought through the Harvey Norman subsiduary, Calardu Cairns.
It is the former Cairns Brewery site.
Both Harvey Norman and Freedom Furniture have been tenants in the building since its 1995 construction, Harvey Norman having made lease agreements until 2018 and Freedom until 2015.  They pay 66% of the centre's income.

Harvey told the Cairns Post he thinks the region has a good long-term future. 

“We think Cairns is a wonderful place. We have been there for a long time.

“Overall, Cairns is one of the better towns in the country and it’s got a good long-term future,” he said. 

The buyer catchment area for the property is 229,920 people and that number is expected to grow at a rate of 1.5% to 1.8% per annum. 
On its listing last year there were $20 million price hopes.
The last valuation was $17 million as at December 31, 2012.
It last sold for $16.8 million in 2001. It sold at $17.55 million in 1999.
It was sold by Charter Hall Direct Property Management Ltd, which had taken over the hypermart's owners, PFA Diversified Property Trust.
 

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Confident Gerry Harvey buys Cairns Hypermart

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A residential development site on Sydney’s lower North Shore was sold at auction yesterday for $5.03 million.
Currently a 1,211 square metre car park, the property was sold by Roads and Maritime Services (RMS) to Asian Developers, and has potential for the development of 30 residential apartments plus 300 square meters of retail and commercial space, according to Savills Metropolitan and Regional Sales. 
The property at 11-13 Birdwood Avenue, Lane Cove is located just minutes from Lane Cove plaza shops, including supermarkets, café’s restaurants, aquatic center, fitness center, medical services and childcare facilities.
Savills agent Robert Lowe says the property has the potential to be a landmark residential development site.
“Lane Cove in currently experiencing strong gentrification and as a result the site presents a suburb opportunity to create a landmark residential development site,” he says.
Located 10 kilometers from the Sydney CBD, Lane Cove was rezoned in 2010 in preparation for a 30% rise in population over the next 25 years.
In April, <a target="_blank" href="https://www.propertyobserver.com.au/developments/sydney-s-lane-cove-proves-an-apartment-construction-hotspot/2013040759968">Property Observer reported</a> that the area had $388 million worth of construction underway, with another $37 million planned. This included 19 sites, with 1601 units under construction and a further 182 areas pending.

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Lane Cove development site fetches $5.03 million at auction

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A shopping plaza in the rural NSW town of Temora will be auctioned off on July 5 that may fit neatly into a self-managed super fund investment portfolio. 



Paleface Plaza (pictured below), on Hoskins Street combines six separate leases with a rental return of approximately $50,000 per annum.
{yoogallery src=[images/stories/2013/06/june26paleface]}


Ray White Rural Temora real estate agent Melanie Preston says they expect the property to fetch in excess of $500,00 when it goes to auction. 



Temora is located one-hour north of Wagga Wagga and two-hours and 45 minutes west of Canberra and is home to an internationally acclaimed aviation museum. 



The town's tourism website claims it has a reputation as the states “friendliest town” and is a place where country hospitality rings true.



Paleface plaza was originally a John Meagher and Co department store.
<img alt="8" height="340" width="470" src="/images/stories/2013/06/8.jpg">
John Meagher and Co.’s stores were the first to open business in Temora at the beginning of the Gold Rush in August 1880. 



John Meagher opened the store in a tin shed in 1881 and began building the first brick store in 1882.
<img alt="7" height="307" width="470" src="/images/stories/2013/06/7.jpg">


The Plaza takes its current name from the famous Australian harness racing horse, Paleface Adios, who competed as a pacer throughout the 1970s and early 1980s. The horse was born in Temora in 1969. 



The property has previously sold for $225,000 in 2006, $365,000 in November 2003, $254,000 in July 2003, and $183,550 in 2002. 



In December last year the Melzer House building at 116-120 Hoskins Street Temora sold for $247,000, despite an asking price of $300,000. The same property has previously sold for $175,000 in 2003.



Another commercial building, at 135 Hoskins Street, Temora, sold for $242,000 in August last year and had previously sold for $177,000 in 2007, $190,000 in 2005 and $111,000 in 2000. 

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Paleface Plaza in Temora goes to auction with $500,000 hopes

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Four NSW liquor retail spaces will go to auction in July. 



The properties are part of a Burgess Rawson investment portfolio due to go to auction on July 2 and are all currently leased by subsidiaries of the Wesfarmers group. 



Liquorland Belmont in Newcastle, First Choice Liquor in Naremburn, Vintage Cellars in Cremorne and Vintage Cellars Freshwater in Manly, each return an income in excess of $180,000 pa, according to Burgess Rawson.
{yoogallery src=[images/stories/2013/06/june25liquor]}


Liquorland Belmont comprises a strong corner position, onsite parking for 17 cars and is positioned opposite an Aldi supermarket and close to McDonalds and KFC. It comes complete with a five-year lease and options for a further 10 years.



First Choice Liquor Naremburn is the largest of the buildings, at 1,324 square metres, has a desirable corner frontage, onsite parking for 21 cars, and is located within a bustling retail village. It comes with a seven-year lease plus options for a further 20 years. 



Vintage Cellars Freshwater is located in the sought after Sydney northern beaches, and includes a substantial four-bedroom, first floor residence. Both the retail space and the residence are leased for five years, with options for a further 10 years. Car parking and public transport are conveniently located immediately to the rear of the property. 



Vintage Cellars Cremorne is located adjacent to the iconic Hayden Orpheum theatre in the Blue Ribbon, Lower North Shore landmark and has two street frontages on Military Road and Parraween Street. The 1,132-square metre property comes with a five-year lease and options for a further ten years. 



Burgess Rawson agent Billy Holderhead says the liquor store market is receiving solid interest because private investors have confidence in the familiar brands that lease them. 



“At the moment, you’ve got either Woolworths or Wesfarmers tenants. You get at least a 5-year lease term with solid tenants.



“If you’ve got a tenant you’re comfortable with and familiar with and read about on a daily basis, you feel more comfortable with that,” he says. 



A further two First Choice Liquor stores in NSW were sold recently, one in Erina, which sold for $4.5 million and is expected to return a profit of $345,265 pa on a yield of 7.67%, and a second in Goulburn. 

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NSW liquor stores expected to whet investors' appetites

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The largest drop in the value of units in Australia has occurred in Wide Bay Burnett, Queensland, according to a report released by RP Data. 



Unit values in this area have dropped 19.8% since the market peaked in 2007-2008, with fewer units now for sale in the area. 



The Wide Bay Burnett area, including Bundaberg and the Fraser Coast, is well known for established agriculture and tourism industries, with access to whale watching and Fraser Island, the world’s largest sand island. 



Tim Lawless, national research director at RP Data, says the largest declines in property values have been recorded across the coastal and lifestyle markets, such as Wide Bay Burnett, and these declines are more concentrated across unit dwellings within these regions. 



Rae Vella, principle estate agent at A1 Realty, Wide Bay Burnett, puts the decline down to an improvement in the rental potential of houses in the area. 



“Investors are going towards houses more than units because the rental return in better,” she says. 



Vella says property investors looking to lease out properties make up most of the buying market in Wide Bar Burnett, contributing to the fall in unit values. 



She adds that the few units that are listed with A1 Realty have tended to have been on the market for long periods of time, causing owners to reduce the asking price. 



“Some units that have been on the market for quite some time have come down in price,” she says. 



Current units in Wide Bay Burnett are listed at between $149,000 and $285,000. 
<div>
Recent unit sales in the area show price falls - though not as much as the headline figure. The sales have included a 2-bedroom unit on King Street, Bundaberg North, which sold for $229,000 in March. The unit had previously sold for $235,700 in February 2011 and $233,000 in March 2009. 

A three-bedroom unit in Svensson Heights is currently listed for sale with an asking price of $299,000, the same price it was sold for in May 2009. 

</div>



Other areas that have experienced a significant drop in property value include Far North Queensland, the Barwon region of Victoria and the Gold Coast, Queensland.
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Unit values fall 19.8% in Wide Bay Burnett as investors preferences shift to houses

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Some of the country's most high profile CEOs and community leaders will camp out across the country tomorrow night to raise money and awareness for homelessness.  
The annual St Vincent de Paul <a href="https://www.ceosleepout.org.au" target="_blank">CEO SleepOut</a> began as a local community event in Sydney in 2006 and last year the 1,033 participants raised a total of $5.3 million nationally.  
This year, the Victorian sleepout will be held at Etihad Stadium in Melbourne and in NSW, CEO's will sleep at Carriageworks and Eveleigh Markets in Eveleigh.  
So far this year Victoria’s 177 participating CEO’s have raised over $495,000 and NSW’s 326 participants have raised over $1.8 million.  
Last year, the Victorian event raised a total of $638,000 and NSW made it to $1,832, 573.  
So far this year, some of the highest individual fundraisers include;  
- Tony Barber, deputy CEO of Willis Australasia, who has raised $13,222.05,
- Timothy Collyer, managing director of Growthpoint Properties Australia, who has raised $11,645,
- Martin Leach, danaging director at Bendigo Property Services, who has raised $3,115.00,
- Holly Kramer, CEO at Best &amp; Less, who has raised $119,901,
- Gary Barnier, managing director at Domain Principle Group, who has raised $7,650 and
- Ross Greenwood, presenter of Money News on 2GB radio, who has raised $1,600.  
- Georg Chmiel, the CEO of LJ Hooker has raised $11,450 for the sleep out tonight.
The purpose of the event is to raise funds and awareness for homelessness by asking CEO’s and community leaders to rise to the challenge and experience homelessness for one night.  
All the money raised goes to St Vincent de Paul’s homeless services to help the 100,000 people who sleep rough around the country each night.  
“The discomfort of sleeping on the streets is a fragment of the larger reality we hope to impart upon influential leaders of the community,” says St Vincent de Paul.  
They say the overall goal of the event is to eventually bring an end to homelessness.  
The event begins at 6pm tonight and finishes at 7am on Friday morning. The fundraising figures are as Wednesday afternoon.
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Annual St Vincent de Paul CEO sleepout set to raise homeless charity funds

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Buyers looking for something a little different can now get their hands on their own replica medieval castle. 



The three-bedroom property at <a href="https://www.leumeahunited.com.au/buy-residential-real-estate/house-4-dowling-street-leumeah-nsw-11372100183" target="_blank">4 Dowling Street, Leumeah,</a> NSW is for sale for the first time in its 30-year history. It has $600,000 plus hopes.



Inside, the house contains three large bedrooms, two bathrooms, sunken spa bath, lounge with open brick fireplace, and separate dining room with French doors, but what makes this property so unique is what’s outside the doors. 



With 10 turrets, gargoyles, stained glass windows, medieval furnishings and even a moat, this property has become something of a local landmark. There's even a UK style post box out front.



It has been host to several themed weddings and busloads of tourists often stop at its gates to take pictures. 



The current owner Ron Farmer built the house 30 years ago when he and his wife Joan moved to Australia from England. 



“The wife decided to build it for something that reminded us of home,” Farmer told the Macarthur Chronicle. 



The Farmers are selling because they have decided it’s time to downsize.



“It seems a shame to leave it. But the upkeep nowadays is too much for us to look after by ourselves,” Farmer says. 



He says they are looking for a buyer with a sense of history who can enjoy the property. 



“We’ve has it for 30 years and its time somebody else got to enjoy it,” he says. 



The property will be auctioned off and listing agent Anne-Marie Johns, Leumeah United First National, says it is difficult to predict what it will sell for “because it has never been on the market.” 



Other three-bedroom properties in Leumeah have sold for between $305,000 and $362,500 and the suburb's median house price is $330,000.
According to RP Data, the highest sale price in Leumeah was $580,000 for a five-bedroom house, in March this year. The previous record was $550,000 for a four-bedroom house in 2004.
<img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57">
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Leumeah 'medieval' castle listed for auction

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

Jennifer Robertson

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