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Developers Sekisui House are attempting to tempt January buyers with a special summer offer, though the Sydney weather hasn't been too overheated of late.
The home builders are offering fully ducted air conditioning and $3,000 cash back for New South Wales and Australian Capital Territory homes from their Aurora, Blueprint and Arise collections.
To be eligible, buyers must have paid an initial proposal fee between 1 January and 31 January 2015, with the specifications of the air conditioning dependent on the type of house selected.
On offer is an Actron fully Ducted reverse cycle air‐conditioning system, including installation, 3 phase power (up to 6m underground electrical connection), external concrete pad and truss strengthening if required.
The offer includes 2 or 3 zones only depending on standard house type.
Once <a href="https://www.sekisuihouse.com.au/about-sekisui-house/promotions/promo/nsw-summer-offer" target="_blank">Sekisui House</a> has commenced construction on the new package, they'll give eligible buyers $3,000 cash back. The offer doesn't apply to house and land packages or homes with granny flats.
Sekisui House originated in Japan and has thus far invested $1.5 billion in their Australian ventures.
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jrichardson-uRX5hFdKfN

Sekisui House seeks summer buyers with aircon deal

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To those business owners who think it's the developer's way or the highway, you might be right.
<a href="https://www.propertyobserver.com.au/https://twitter.com/CityLab/status/557299010458091521" target="_blank"><img src="/images/2015/01/20/tweet-jan-20-one.jpg" alt=""></a> But perhaps the highway isn't so bad after all. Emil Peirnert, the owner of the Kingfish Pub in Oakland California, saw developers eyeing his site for an apartment project.
After attempting to have the 1920s-30s era former bait shop recognised as a landmark last year to prevent its destruction, Peirnert took matters into his own hands, and took the pub on the road. Just 30 metres down the road, but still. The story's been picked up by multiple news outlets, with <a href="https://www.propertyobserver.com.au/https://twitter.com/CityLab/status/557299010458091521" target="_blank">City Lab tweeting a photo</a> (originally posted by Eric Drac Weir on Facebook) of the two hour process.
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Tweet of the day: The movable pub

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Two beach homes and one bush estate are among the 10 most expensive sales of the week, according to CoreLogic RP Data.
The top end sales were rather subdued last week, with all clearing just $1.58 million. Towards the end of 2014, CoreLogic's top 10 list regularly <a href="/expert-insights/buying/putney-waterfront-heads-corelogic-rp-datas-top-10-sales-of-the-week">bottomed out at $2.3 million</a> or higher, after<a href="/expert-insights/buying/victorian-prestige-homes-dominate-rp-datas-top-10-sales-of-the-week"> spring's highs</a>. 
Last week saw the sale of two Queensland beach homes, costing $2.35 million and $1.92 million.
A home in the 610 person strong town of Razorback in regional New South Wales sold for $1.95 million.
The top 10 sales of the week ending 18 January:
<a href="https://www.domain.com.au/property/sold/house/nsw/blakehurst/?adid=2011655254" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="">6 Taunton Street Blakehurst, New South Wales</a>
<img src="/images/2015/01/20/1.jpg" alt="">
A six year old <a href="/news">Blakehurst </a>home topped this week's sales. Buyers paid $2.38 million for the house, sold through Ray White Sylvania Waters.
Set on 700 square metres, the house has five bedrooms, a home office, gas fireplaces, and a central courtyard. Set on 697 square metres, it comes with a 17 metre saltwater pool.
The vendors paid $1.8 million for the property in May 2010.
<a href="https://www.realestateview.com.au/Real-Estate/enterprise-street-sunshine-beach/Property-Details-sold-residential-7065513" target="_blank"><img src="/images/2014/07/04/yellow-two.jpg" alt="">28 Enterprise Street, Sunshine Beach, Queensland</a>
<img src="/images/2015/01/20/2.jpg" alt="">
This five bedroom house sold for $2.35 million through Richardson &amp; Wrench Noosa.
The <a href="/news">Sunshine Beach</a> home on a 511 square metre sloping allotment was designed by retired architect Jill Campbell, and has a series of split levels. The house includes a poolside guest suite with a living room, bathroom and stone top bar.
The vendors made a loss on the sale, after paying $2,575,000 in February 2005.
<a href="https://www.realestateview.com.au/Real-Estate/grandview-grove-seaforth/Property-Details-sold-residential-7818482" target="_blank"><img src="/images/2014/07/04/yellow-three.jpg" alt="">25 Grandview Grove, Seaforth, New South Wales</a>
<img src="/images/2015/01/20/3.jpg" alt="">
Buyers paid $2,335,000 for this <a href="/news">Seaforth </a>home, sold through LJ Hooker Seaforth. The house has open plan living areas, with outdoor entertaining areas covered by a Vergola sunroof. The home comes with a customised Sonos and Bose sound system.
The vendors paid $1.27 million for the property in March 2007.
<a href="https://www.realestate.com.au/property-house-vic-glen+waverley-118506567" target="_blank"><img src="/images/2014/07/04/yellow-four.jpg" alt="">46 Myers Avenue, Glen Waverley, Victoria</a>
<img src="/images/2015/01/20/4.jpg" alt="">
A four bedroom house on a 733 square metre plot sold for $2.1 million through JY Property Surrey Hills.
The listing information noted the home lived in the (much sought-after) <a href="/news">Glen Waverley </a>Secondary College, and is within walking distance of Wesley College.
<a href="https://www.realestateview.com.au/Real-Estate/2-crawford-creek-place-razorback/Property-Details-buy-residential-7448319" target="_blank"><img src="/images/2014/07/04/yellow-five.jpg" alt="">2 Crawford Creek Place, Razorback, New South Wales</a>
<img src="/images/2015/01/20/5.jpg" alt="">
This week's prestige bush offering is located in <a href="/news">Razorback</a>, in the Macarthur region.
The 4,046 square metre holding has a five bedroom house, featuring brush box timber flooring and 10 foot high ceilings. The property includes a pool with a pool house and gymnasium.
The vendors bought the Bazdaric for $690,000 in May 2008, building the current house just five years ago.
Article continues on the next page. Please click below.
 
<hr class="system-pagebreak">
<a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-118801667" target="_blank"><img src="/images/2014/07/04/yellow-six.jpg" alt="">16 Sunbrite Avenue, Mermaid Beach, Queensland</a>
<img src="/images/2015/01/20/6.jpg" alt="">
The second beach offering on last week's top 10 was sold for $1.92 million through Harcourts Coastal.
The four bedroom "warehouse style" <a href="/news">Mermaid Beach</a> house has polished concrete floors on the bottom level and timber wall paneling, with paneled VJ ceilings. North-facing, the house has a covered barbecue deck and pool.
The sellers bought the property with its former house just a year and a half ago, for $775,00.
<a href="https://www.realestate.com.au/property-house-nsw-croydon-118788215" target="_blank"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">30 Murray Street, Croydon, New South Wales</a>
<img src="/images/2015/01/20/7.jpg" alt="">
A Federation home in <a href="/news">Croydon </a>sold for $1.75 million through McGrath Inner West Concord. The four bedroom, on bathroom house is situated on a 570 square metre corner plot. Period features include pressed metal ceilings and original timber floorboards, and a traditional wraparound verandah.
The vendors held the property for 30 years, having purchased it for just $136,000 in December 1984.
<a href="https://www.realestate.com.au/property-house-nsw-miranda-118421555" target="_blank"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">42 Matson Crescent, Miranda, New South Wales</a>
 <img src="/images/2015/01/20/7.jpg" alt="">
Another property held for 30 years, this waterfront house was purchased by the vendors in 1984 for $215,000. Last week, it was sold through McGrath Cronulla for $1.68 million.
The three bedroom <a href="/news">Miranda</a> house comes with a converted boathouse with a deck, and has boating facilities including a slipway, jetty and pontoon.
<a href="https://www.realestate.com.au/property-house-qld-hawthorne-118189331" target="_blank"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">12 Katoomba Avenue, Hawthorne, Queensland</a>
 <img src="/images/2015/01/20/9.jpg" alt="">
A renovated Queenslander on an 810 square metre block was sold for $1.64 million through McGrath Bulimba.
The <a href="/news">Hawthorne</a> house, described in the listing as being "of historical significance", has four bedrooms and four bathrooms, and overlooks its pool at the rear. A gazebo, a poolside bathroom and a children's playground accompany the pool.
The sellers paid $1,445,000 for the house in August 2009.
<a href="https://www.realestate.com.au/property-house-nsw-yowie+bay-118562467" target="_blank"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">10 Maroopna Road, Yowie Bay, New South Wales</a>
<img src="/images/2015/01/20/10.jpg" alt=""> 
Buyers paid $1.58 million for a full brick waterfront home in <a href="/news">Yowie Bay</a>, sold htorugh Newton Real Estate Caringbah. The three storey house shares a 986 square metre plot with an in-ground pool, jetty and pontoon.
The price of the property has tripled in the 20 years it was owned by the vendors. They paid $525,000 for the home in 1995.
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Beach and bush offerings make week’s top 10 sales: CoreLogic

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Boatshed 88 in Rye, dubbed the Entertainer at 88, is on the market.
The <a href="https://www.hockingstuart.com.au/BOATSHED_88_RYE_VIC_3941" target="_blank">generator powered boatshed</a> has a full kitchen sink, a gas stove, cupboards, tables and chairs and a gas BBQ. It also comes with a sun shade and umbrellas.
The boatshed is situated near the Tyrone Boat Ramp.
Mal McIness and Michael Christodoulou of Hocking Stuart are expecting $320,000 for the timber clad boatshed with a timber deck.
That's $9,500 more than the sale price of <a href="https://www.realestate.com.au/property-house-vic-rye-118149279" target="_blank">29 Highbury Road</a> (pictured below), a two bedroom house in Rye, which sold for $310,500 in November last year.
<img src="/images/2015/01/20/rye%20jan%2020%20two.jpg" alt="">
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Rye's entertainer boatshed 88 for sale

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A boatshed on Safety Beach in Victoria's Mornington Peninsula has been listed for sale.
<a href="https://www.realestateview.com.au/Real-Estate/boatshed-73-safety-beach-foreshore-safety-beach/Property-Details-buy-residential-8165328" target="_blank">The blue and green boatshed</a> (pictured on the right in the main photograph) comes with a price guide of $185,000 to $210,000.
According to agent Linda Wooley of MJ Ross Co, who is marketing the property, the price range is typical for a boatshed with no power, with those connected to electricity commanding a premium.
Wooley told Property Observer that utility companies rarely reconnect power to bathing boxes or boatsheds once they are disconnected. Those who like to run electricity in their boatsheds, to accommodate lights or small fridges, often use small solar panels.
She noted the steady escalation of boatshed prices in recent years, with the properties generally held for a long time or passed between family members. In 2010, Boatshed 29 on Safety Beach was sold with a $120,000 to $150,000 price guide. Boatshed 43 was sold in the same year, with vendors seeking $110,000 to $130,000.
Boatshed 73 on the Safety Beach Foreshore is available only to rate payers.
Further down the Peninsula, a 22 square metre <a href="/news/vic/portsea-boatshed-listed-with-500-000-plus-hopes">Portsea boatshed has been listed with $500,000 plus hopes</a>.
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Safety Beach boatshed brought to market

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Last year saw a mortgage broking milestone, a record-breaking December and inner-city markets cracking along at a "blistering pace", according to the latest Ray White White Paper.
Ray White Group's Brian White noted the group transacted $3.37 billion of real estate in December, a result he said would be a stand out any month of the year, "let alone one dominated by vacation and family time".
In December 2014, the group's New Zealand arm bested its previous efforts, selling $704 million worth of property. According to White, the agency has never set a record in December, in any of its many markets. The group operates in Australia, New Zealand, Indonesia, India, Malaysia, Papua New Guinea, China, the Middle East and the United States.
However, White wrote that Australia is lagging behind the New Zealand branch:
"Australia is at least one year behind – still short of its second anniversary of market revitalisation."
He noted the generational shift taking place in Sydney, with buyers previously moving to the suburbs, rather than clamouring to access inner-city markets, as they do today.
White confirmed the ongoing trend of Chinese investment in rural land, pointing to two large sales secured by Ray White Rural Sydney principal Bruce Gunning.
"With a total value of over $40million, these properties have been purchased by Chinese investors, showing the continuing foreign interest in Australian rural real estate," White wrote.
"The properties have had contracts exchanged in late December 2014 and are expected to settle in the first quarter of 2015."
Commercial property was a strong performer in 2014, with the business writing 65% more transactions last year than in 2013. White, however, did note that the regional markets "were a long way behind the capital markets and did not get the traditional flow-on effect from capital city activity".
Ray White Group's joint chairman, who is a third generation leader of the company (founded in 1902), also raised the strong performance of the mortgage broking industry in 2014. He noted that brokers were responsible for 51.5% of all residential loans in the September quarter.
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2014 a "remarkable real estate year": Ray White

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ANZ chief economist Warren Hogan has joined the ranks of economists and industry figures predicting that the Reserve Bank will cut interest rates next month.
<a href="https://www.propertyobserver.com.au/https://twitter.com/anz_warrenhogan/status/555516365717524480" target="_blank"><img src="/images/2015/01/15/tweet-jan-15-one.jpg" alt=""></a> While Hogan imagines the overnight cash rate will drop by 50 basis points, from its record low 2.50% to 2.0%, Westpac's <a href="/expert-insights/finance/westpacs-bill-evans-still-expects-february-and-march-rba-rate-cuts">chief economist Bill Evans</a> is tipping a 25 basis point cut.
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Tweet of the day: ANZ's Warren Hogan's predicts a February rate cut

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New South Wales Fair Trading Minister Matthew Mason-Cox claims changes to home building laws will increase protections for consumers.
The <a href="/news/nsw/changes-to-nsw-home-building-laws-coming-this-week">new laws</a>, which will be enforced from today, include changes to licensing for builders – both professionals and owner-builders – and changes to the eligibility of building defects for compensation.
Mason-Cox said the changes were intended to modernise industry practices.
"From today, builders and traders face up to 12 months in prison if they are repeat offenders of unlicensed contracting work or don't have the required insurance," he said.
Licensing changes also take aim at illegal phoenix schemes, where an indebted business shuts down and resumes operations under a new name.
"At its core, these new home building laws are about ensuring NSW consumers are appropriately protected without creating unnecessary red tape and regulation that will stifle industry growth and investment," said Mason-Cox.
However, some claim the changes will <a href="/expert-insights/investing/nsw-home-owners-dodgy-construction-claims-curbed-by-government">degrade consumer rights</a> and property research and investment firm Aviate has warned that the new laws mean investors must now be more vigilant when purchasing properties.
One of the major aspects of the Home Building Amendment Act includes a change to the warranty period a builder must provide for new works.
A six-year warranty now only applies for "major" defects, which means there is a threat of collapse or the building is uninhabitable, while there is now no legal distinction between structural and non-structural defects.
All non-major defects will only be covered under the standard two-year warranty, even if they are structural defects.
Aviate Group's Neil Smoli says buyers must now take greater care.
"Investing in property is typically seen as low risk but it's only low risk if you take all the necessary precautions and undertake the proper due diligence prior to investing," said Smoli.
"Limiting the ability of purchasers to take action against builders for defects means the need to work only with builders and developers with a proven track record is vital. The company responsible for delivering a project must take pride in their work and be able to demonstrate that their other projects have been an enduring success."
He urges consumers to research builders before engaging their services.
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New home building laws start today in NSW

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When looking for a new apartment, a buyer might consider location, price, local infrastructure and tenant quality.
But should investors purchase new or established apartments?
Some investors won't touch off the plan purchases, while others argue there are plenty of reasons to <a href="/expert-insights/building/buy-established-or-buy-new-the-arguments-for-both-sides">consider new apartments</a> – as long as you do the <a href="/guides" target="_blank">required research</a>. 
Off the plan apartments can look very shiny and exciting, especially in those renders in the brochure. But are you paying for a high quality product, or marketing materials (including the events, the PR-distributed gift baskets and <a href="/news/vic/vespa-offer-to-entice-buyers-to-south-yarra-one-bedroom-apartments">the Vespa</a>)?
Established apartments may be cheaper, but why should you pay for a degraded product if a brand new one might be available for just a little bit more cash?
These questions are particularly pertinent in Brisbane, which has seen multiple new developments crop up in the last year, with more to come this year (prompting <a href="/expert-insights/buying/brisbane-on-the-slippery-slope-to-oversupply">oversupply warnings from some</a>).
To see just how much more you'll pay for a new apartment in Brisbane, Property Observer looks at recent sales in three suburbs: Toowong, Bulimba and Holland Park West.
<h3><a href="/news">Toowong</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-toowong-113816387" target="_blank">1/68 Benson Street, Toowong</a>
 <img src="/images/2015/01/15/1.jpg" alt="">
This one bedroom, one bathroom apartment in Toowong sold for $469,000 in December.
The only one bedroom apartment in the complex, it has 60 square metres of internal floor space, with polished timber floors, a balcony and a stone kitchen.
The buyer will have access to the complex's pool and change room. The apartment comes with one car space.
<ul>
<li>New or established: New</li>
<li>Price: $469,000</li>
<li>Bedrooms: One</li>
<li>Price per square metre: $7,816</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-toowong-117391051" target="_blank">36/7 Landsborough Terrace, Toowong</a>
<img src="/images/2015/01/15/2.jpg" alt="">
Just up the river is 36/7 Landsborough Terrace, an established apartment that sold for $452,800 late last year.
The first floor apartment has two bedrooms and two bathrooms, with a north-facing patio. Coming with one car space, the 84.5 square metre apartment is newly carpeted and pool access.
<ul>
<li>New or established: Established</li>
<li>Price: $452,800</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,359</li>
</ul>
<h3><a href="/news">Bulimba</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-bulimba-116544279" target="_blank">4/18 Wambool Street, Bulimba</a>
<img src="/images/2015/01/15/3.jpg" alt="">
In Bulimba, this two bedroom, two bathroom new apartment sold for $659,000 in November.
The air-conditioned, 79.2 square metre apartment has a balcony that opens off the living area and comes with one secure parking space. Construction is expected to finish in February.
<ul>
<li>New or established: New</li>
<li>Price: $659,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $8,320</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-bulimba-117688427" target="_blank">55/25 Love Street, Bulimba</a>
 <img src="/images/2015/01/15/4.jpg" alt="">
Buyers paid $535,000 for this established apartment in Bulimba. With two bedrooms and two bathrooms, the 91 square metre unit has two balconies, giving it a north-south aspect.
There are two side-by-side parking spaces, and comes with access to a 25 metre lap pool, a gymnasium and a barbecue area.
<ul>
<li>New or established: Established</li>
<li>Price: $535,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,879</li>
</ul>
<h3><a href="/news">Holland Park West</a></h3>
<a href="https://www.realestate.com.au/property-apartment-qld-holland+park+west-117813147" target="_blank">5/35 Crown Street, Holland Park West</a>
<img src="/images/2015/01/15/5.jpg" alt="">
A two bedroom apartment sold off the plan for $429,000 in November. Apartment 5 has 84 square metres of internal space, with tiled living areas and a "designer kitchen".
The two bedroom apartment in a low rise complex comes with a balcony and one garage space. Construction has commenced.
<ul>
<li>New or established: New</li>
<li>Price: $429,000</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: $5,107</li>
</ul>
<a href="https://www.realestate.com.au/property-apartment-qld-holland+park+west-117166391" target="_blank">3/27 Rolle St, Holland Park West</a>
<img src="/images/2015/01/15/6.jpg" alt="">
Vendors secured $372,500 for this established apartment in Holland Park West.
The two bedroom tiled apartment has two balconies and a recently renovated bathroom. With 75 square metres of floorspace, the unit sits above a secure garage.
<ul>
<li>New or established: Established</li>
<li>Price: $372,500</li>
<li>Bedrooms: Two</li>
<li>Price per square metre: 75 square metre</li>
</ul>
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Which Brisbane apartments present the best value: New or established?

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In the 2014 September quarter, 90.7% of properties sold in Australia recorded a profit, with 30.1% selling for more than double their purchase price, according to CoreLogic RP Data.
Regional Western Australia, however, didn't attract many of those gains. The area recorded the highest proportion of loss-making resales in the country, seeing 22.5% of resales make a loss in the September quarter.
Regional Queensland closely followed, with 22% of resales making a loss in the same period.
CoreLogic RP Data research analyst Cameron Kusher said the poor performance reflected conditions in coastal markets.
"Recent data highlights the growing weakness in markets linked to the mining and resources sector where values are generally falling," said Kusher. He also noted the high proportion of loss-making resales for units in lifestyle markets.
The average loss taken in the 2014 September quarter was $62,246, with the average gross profit $223,870.
Kusher noted that profits are often dependent on the length of holding time for a property, with a loss making property in the September quarter sold after an average of 5.7 years. Properties sold for a gross profit were held for 9.9 years on average. Vendors of homes sold for more than double their purchase price had held the properties for an average of 16.8 years.
Proportion of resales profit by length of ownership, September quarter 2014 
<a href="/images/2015/01/13/Picture%2045.png" target="_blank"><img src="/images/2015/01/13/Picture%2045.png" alt=""></a>
Source: CoreLogic RP Data's September 2014 Pain and Gain Report.
Across Australia, 9.3% of all home resales attracted a lower price than what the vendors paid – the result was up from 9.0% in the June quarter. However, CoreLogic RP Data notes the proportion of resales that made a loss in the 2014 September quarter was still "much lower" than the 11% recorded in the September quarter of 2013.
Unsurprisingly, Sydney had the lowest proportion of loss-making resales of any capital city in the September 2014 quarter. Just 2.6% of resales in the New South Wales capital made a loss. Perth resales were also relatively strong, with only 6% making a loss. However, CoreLogic RP Data's Pain and Gain report recorded that losses are trending upwards in Perth.
In Melbourne, 6.5% of resales were loss-making, with the proportion of losses trending downwards.
Sydney, Melbourne, Brisbane, Adelaide and Hobart are all seeing the trend for losses decline. According to Kusher, the trend reflects value growth in those cities. Perth and Darwin and Canberra, where the proportion of loss-making resales also trended upwards, are currently seeing price conditions decline.
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Regional WA beats out regional QLD in resale race to the bottom: CoreLogic RP Data

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Jessie Richardson

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