<html><body>
Feeling a little fatigued in anticipation of another weekend spent eyeing off the competition at open home inspections? Perhaps – but even at a busy suburban inspection, you aren’t likely to encounter up to 10,000 other punters as you wander through another family’s home. That’s how many people are expected to turn up this weekend to view the apartments from The Block: Fans v Faves. Ahead of their open for inspection, Property Observer talked to hockingstuart’s David Wood, the agent selling Steve and Chantelle’s apartment.
According to Wood, an open for inspection is a vital opportunity to contextualise your prospective purchase.
“The inspection is the window for buyers to get a real features and benefits of the property,” Wood says.
“Buyers should look at the properties immediately surrounding the property they’re looking at. They should also have an understanding from the local city council about potential developments, and any restrictions they might have to making changes to the property.
Albert Park [where the apartments are located] is suburb that’s very tightly heritage controlled, for example. So people should see if there’s anything that’s going to immediately restrict their ability to renovate or rebuild."
Going to an open for inspection enables a buyer to engage all their senses in a space that may very well be their next home. Rather than just looking around, try listening as well.
“[Buyers] should check out noise levels at open for inspection, to see that the property’s not impacted by traffic or businesses and other homes,” says Wood.
But traffic conditions at 11am on a Sunday may not entirely prepare you for the hustle and bustle of peak hour. So Wood advises that prospective buyers visit a property multiple times to gain an understanding of the overall feeling of the neighbourhood.
“They should look at the home at different times. They should actually visit the street at night – so have a drive or have a walk down the street at 11pm and see what it feels like. You can then get a better idea of whether it’s an area for quiet families, or a more busy area with younger residents.
“If you’re getting mugged when you’re walking down the street at night,” jokes Wood, “that’s probably not an area you want to buy into.”
As for what buyers can expect when they head down to the open for inspections at The Block’s Albert Park apartments this weekend, Wood says that those who have been watching at home will be pleasantly surprised by just how big the properties are.
“The swimming pool is shared by only four occupants, unlike a hotel which has 100 or so. So it really will feel like your own pool. And remember, there are three levels – living spaces, the bedrooms and the rooftop terrace. I think people will be pleasantly surprised.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/19691230_800x.jpg" width="460" height="345">
Wood says that <a href="https://www.hockingstuart.com.au/UNIT_1_47_O%27GRADY_STREET_ALBERT_PARK_VIC_3206" target="_blank">Chantelle and Steve</a>’s living spaces will set their property apart from the other teams’ apartments, as well as the couple’s master bedroom.
“If they’re comparing the four apartments, the buyers probably should look at the living space,” says Wood.
“The two apartments at the front [of the building] face out to the street, so they should have a look at the light, especially in Steve and Chantelle’s master bedroom, which has really good light, and is great for a luxurious weekend. And you can actually see the city from their master bedroom.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/view.jpg" width="460" height="306">
For those interested in viewing the four apartments of The Block: Fans v Faves, they are open for inspection from 10am to 2pm this Saturday March 22 and Sunday March 23.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/2.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/3.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/4.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/6.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/7.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/03/21/albert_park/8.jpg" alt="">
</body></html>

jrichardson-uRX5hFdKfN

Open for inspection: The Block Fans v Faves doors open to public this weekend

<html><body>
According to the latest data from SQM Research, Melbourne’s vacancy rate is at its lowest point since May 2011.
Melbourne’s vacancy rate fell 0.5 percentage points in February to 2.4%. Rates in Melbourne’s north, west, east and inner east regions generally trended downwards, as did the CBD.
Nationally, the number of residential vacancies dropped in February, with the national vacancy rate dropping 0.1 percentage points to 2.1%, with 60,330 vacancies. SQM Research’s results show that vacancies have risen year on year, up 0.3 percentage points.
<img src="/images/2014/03/19/graph%20sqm.png" width="460" height="107">
Source: SQM Research
SQM Research’s Asking Rates Index showed for that asking prices for rental properties were mixed, with capital cities recording a 0.7% decrease for houses and a 1.2% increase in the asking rents for units from the year to February.
Sydney had the greatest increase in asking rents over the year, with asking rents 2.3% up for houses and 3.6% up for units for the year. Canberra and Perth recorded significant declines for the same period, with asking rents down 7.6% for houses and 5.5% for units in Canberra. Asking rents decreased by 10.7% for houses and 5.5% for units in Perth.
The research firm attributes the decline in rental prices for Canberra to government job cuts, which SQM Research says have seen residents departing the area, while in Perth the downturn in the mining sector is behind the fall in demand for rental dwellings.
</body></html>

February plunge for Melbourne vacancy rates: SQM Research

<html><body>
Borrowers in New South Wales accounted for 28% of the total 43,963 home loans financed in January, according to data from finder.com.au
Victoria followed closely behind with 27%. Meanwhile, Western Australian borrowers accounted for 16% of all home loans financed in January with 11% of the adult Australian population, giving the state the largest number of home loans financed per capita of any state or territory in the country.
New South Wales also had the largest average home loan size in January, with $357,600. The ACT followed with an average home loan size of $341,700, while WA had the third highest average home loan size at $320,000.
Of all the states, Tasmania had the smallest average loan size with $216,500. Tasmania’s average loan size is 33% smaller than the national average.
<img src="/images/2014/03/20/finder%20graph.PNG" alt="">
According to finder.com.au, borrowers from the ACT are the country’s highest users of the website’s home loan comparison service per capita.
The website has termed borrowers from the Northern Territory the country’s “most reckless” as they were least likely to use the website to research home loans, and had the least number of home loans financed per capita in January 2014.
The conclusions were based on finder.com.au home loan traffic compared against housing finance and population data from the Australian Bureau of Statistics.
</body></html>

NSW accounts for 28% of January home loans: Finder.com.au

<html><body>
At Property Observer, there are a number of questions from investors that we get time and time again. We've compiled a list of our eight most common queries.
Do I need a buyer’s agent?
A buyer's agent is a licensed professional who can cover the entirety or just a single stage of the buying process for you – from searching for properties, assessing its value and negotiating the purchase for you. A good buyer’s agent will ensure you don’t spend too much on a property, and can handle the hazards of auction bidding on your behalf.
The best buyer's agents can save you time and money, and will have specialised knowledge and resources (like databases and contacts) that you won’t have access to as a buyer.
There are many arguments for and against using a buyer's agent, but what it really comes down to, as with any part of investment, is cost versus benefit.
According to the <a href="https://rebaa.com.au/" target="_blank">Real Estate Buyers Agents Association of Australia</a>, a buyer's agent should cost you roughly 1.5-3% (plus GST) of the property in question’s purchase price (similar to what a seller's agent will charge). “Negotiation only” buyer's agent services are typically around 1% of purchase price plus GST, and for if you want to hire a buyer's agent just to represent you at an auction, you should be looking at a fee of $500-$1000 for each auction they attend, with a potential 0.25-0.5% of purchase price fee added on.
If you aren’t confident with negotiating auctions or aren’t as familiar with the buying process as you’d like to be, a buyer's agent can bring a lot of value to your transaction.
What proportion of my income should be taken up by mortgage repayments?
This is a question that comes up a lot and really depends on your individual budget constraints. For example, the more frugal among us may have the capacity to have a greater proportion of their income taken up by mortgage repayments, while still maintaining a decent amount of savings. Others may have ongoing costs like children, chronic illness or travel, which will reduce their ability to contribute so much to their property.
As a rough guide, housing affordability stress is generally defined as spending more than 30% of one’s income on housing payments, so you want to stay well under that threshold, especially if you are a low income earner. Most mortgage providers have calculators for potential mortgage payments – here’s one from <a href="https://www.commbank.com.au/personal/home-loans/loan-calculator" target="_blank">the Commonwealth Bank.</a>
A good budgeting exercise that will help you determine whether you can afford mortgage repayments is to have your expected mortgage repayments deducted into a savings account for a year. It will help you gauge what is manageable for you, and by the end of the year, you might have enough to put down on a deposit.
How do I pick the best capital growth areas?
This is a very contentious question, with no simple answer. Property Observer contributor <a href="https://www.propertyobserver.com.au/terry-ryder" target="_blank">Terry Ryder</a> specialises in identifying capital growth “hotspots” around the country, and many others have devoted their careers to doing the same. Decent transport amenities, sustainable economic development, and nearby employment hubs are all good signs.
However, all the experts agree: keep your eyes on the data. Rental yield movement is important to keep an eye on, as is an area’s median sales price trend – but remember, context is everything. The metric should only be applied as a rough guide, and only if you’re looking at a “median” house in that area.
When should I sell?
Again, there is no simple answer to this question – though if there were one, it would be “before everyone else.” In the best case scenario, you want to take advantage of rising demand in your area before the other home owners get the same idea and start pushing up supply, which will bring prices back down.
Charles Tarbey, the owner and managing director of Century21 Australasia, says that sellers need to be keeping an eye out for the signs of buyer interest well before they are intending to sell to avoid competition.
“If you’re thinking of selling, there’s a time to launch. And that time to launch is not when you’re hearing the talk out there about the markets going well.
“If there are lots of “For Sale” signs up, you’ve got competition. When you open up the newspapers or go and see the same properties in there, week after week after week being advertised, it’s another indication that you’re going to have a lot of competition.
“So why would you then launch your property into a market place where when there’s all this competition out there? You’re going to have to negotiate downwards.”
What make better investment properties, units or houses?
Again, a contentious question. The answer will depend on whether you’re looking for cash flow in the form of rental yields, or capital growth. If you’re purchasing a unit, bear in mind body corporate fees, potential difficulties in renovating your property, and your state’s strata laws.
For those who are thinking of purchasing a house, you again will have to consider development restrictions such as heritage overlays. There may also be additional costs to tending to the home’s exterior and garden.
When considering the numbers before purchasing your property, make sure you’re looking at the relevant data – that means median house prices or yields if you’re looking at a house, or unit prices or yields if you’re considering a unit. Within a single suburb, these figures will vary greatly.
And remember – don’t confuse what you want and what makes a good investment. A dwelling type that you wouldn’t prefer to live in may make a great investment.
How much should I spend on renovations?
The cost of your renovations should be weighed up against how much profit you think your property will make at sale. Some commentators recommend spending 5-10% of your property’s current value on a renovation, but where you distribute this cost will make the real difference. In general, most agree that kitchens and bathroom renovations will contribute the most additional value when renovating your home.
Try talking to agents in your area to look at similar properties in your area which have modernised interiors or comparable renovations before you start any works – this will give you an idea of the value potential of your renovations.
Also, don’t forget that labour and materials aren’t your only costs. If you’re planning to undertake significant renovations, you may need to find temporary accommodation for you and your family – something that can cost a decent pile of cash.
Factor in all the costs and undertake a profitability study on your home before you even think about picking up your tools.
What sorts of properties make the best investments? 
For capital growth, Tarbey says that investors should look at the top of the first home buyers’ market, or the bottom of the second home buyers’ market.
“The most important thing about buying real estate is picking the mark that you want to go. And for me that mark has always been at the top end of the first home buyer's range or at the bottom end of the second home buyer’s range,” says Tarbey.
“In other words, you’re putting yourself at a category that is not actually at the bottom where it’s less than desirable to everybody, and it’s not at the top of the second where some people can’t afford.
“At the top of the second home buyer [market], you’ve obviously got better homes with better facilities. And obviously those facilities are not often good when you’re renting the properties out. For example, swimming pools et cetera become a burden to a landlord, rather than an advantage, because they have to be maintained. In normal tenancy terms, generally, those features won’t be maintained to the same level that an owner might.
“In the middle of that price range, you’ve got two levels of people that might be interested in buying the property should you wish to sell it. So you’ve not priced yourself in a category where you’ve probably got the highest amount of buyers that you’ll ever get.”
Should I sell at auction or private sale? 
According to investment writer <a href="/expert-insights/buying/choosing-a-method-of-sale-auction-vs-private-treaty">Karin Derkley</a>, there are a number of factors that should influence a vendor’s method of sale. These include:
The norm in your suburb: go for what is the most common method of sale for your area
Whether the property has unique or special qualities: an auction may be for you
Whether your area is booming: an auction may be the right setting to take advantage of buyer anxiety
How quickly you need to sell your property: If you want to get it off your hands quickly, an auction might be the best choice, but if you want to take the time to consider offers, a private sale may suit better.
</body></html>

Eight common investor questions answered

<html><body>
The National Rental Affordability Scheme (NRAS) is again under fire. Does it deserve to be scrapped?
Earlier this month, The Australian published a <a href="/expert-insights/investing/nras-don-t-throw-out-the-baby-with-the-bathwater-says-tunsw">series of pieces</a> drawing attention to developments that are marketing properties as “NRAS supported” while suggesting that they can accommodate international students. The News Limited articles largely suggest that the scheme’s failures are largely the fault of the previous Labor government, highlighting one development that had received $80 million in subsidies which, as is mentioned in more than one article, is located “just two blocks” from the electoral office of former housing minister Tanya Plibersek, who oversaw the implementation of the scheme.          
However, the Tenants Union of New South Wales (TUNSW) responded in defence of the scheme with a post on their blog claiming that while the NRAS has provided affordable housing for tenants, some of whom had previously been homeless, the government’s “other tax settings do nothing but encourage speculation and make housing unaffordable.”
The scheme certainly seems to illicit passionate reactions from its defenders and detractors alike. Buyers’ agent Todd Hunter <a href="/news/i-d-rather-stick-a-fork-in-my-eye-than-buy-nras-todd-hunter">once wrote</a> “I’d rather stick a fork in my eye than buy an NRAS property”, prompting a number of responses <a href="/expert-insights/investing/readers-respond-in-defence-of-nras">in defence of the NRAS</a> from our readers. Many have raised questions over the scheme’s regulations (and loopholes) – some are calling for the NRAS to be scrapped, while <a href="/expert-insights/what-do-we-need-to-see-from-the-federal-budget-the-experts-have-their-say">bodies such as SQM Research</a> and the Urban Development Institute of Australia (UDIA) support the scheme but say it requires improvements.
Under the NRAS, developers and investors are provided a tax free financial incentive for renting out approved properties to eligible tenants at at least 20% below current market rates. Developers receive subsidies, while investors who purchase and lease out NRAS supported properties receive annual payments that are indexed to CPI. The scheme only covers new developments in areas in which the government has identified a need for affordable housing.
To weigh up the costs and benefits of the NRAS, first one must distinguish the interested parties: tenants, buyers and developers.
For tenants
To rent NRAS properties, the first adult of household must earn no more than $45,956, with each additional adult earning no more than $17,579. This threshold is higher for sole parents, who must earn no more than $48,336 a year to be eligible. However, concern is mounting that the rental affordability scheme is being utilised by students, rather than low income families or workers. While it’s true that students require affordable housing just like everyone else, some have claimed that a significant proportion of students who lease NRAS properties are international students. These students are often subsidised by their family members, and are not the intended recipients of reduced rents, so the argument goes. Queensland thus far is the only state to restrict access to NRAS properties to tenants who are permanent Australian residents.
Market analyst Catherine Cashmore says there are doubts over whether the scheme is achieving its intended outcomes.
“The NRAS policy was design to alleviate the shortage of rental accommodation for key workers in the community through large scale investment, and to a fairly limited degree, it has achieved its purpose,” says Cashmore.
“However, unsurprisingly, as Grace Mutual Limited outline in their senate submission, not only have ‘unduly complex’ regulations disadvantaged investors, but ‘large numbers of NRAS incentives (at least 4,000) were awarded for the construction of student housing,’ yet ‘there appears little evidence that this has any positive impact on the middle to low-income families that were the target of the original policy.’”
The TUNSW has come out swinging for the NRAS, as has the UDIA, who say that scheme, while requiring improvements, is “fundamentally sound”.
UDIA national president Cameron Shephard says the scheme is integral in improving the supply of affordable housing.
“Australia has for many years suffered from a severe shortage of affordable housing, particularly at the lower end of the market,” said Shephard in a statement from the UDIA. “This is contributing to homelessness, and putting an increasing number of lower and moderate income households under undue financial strain. “It’s absolutely essential for the Federal government take action to improve the supply of affordable housing, and the National Rental Affordability scheme provides a cost effective way to achieve that. “In its 2011 State of Supply report, the National Housing Supply Council estimated that there was a national shortage of almost half a million dwellings affordable to low income households, and warned that the situation would worsen with inaction. “Since its establishment in 2008, NRAS has delivered 14,575 new homes for low and moderate income households, and is currently on track to provide 23,884 more,” Shephard noted. “It would be extremely disappointing to see the scheme end, considering how successful it has been to date, and also given the growing housing affordability problems facing Australian cities. “UDIA acknowledges that there is room for improvement in the administration of the scheme, however the program has been successful in delivering thousands of affordable new homes, and the government’s focus should be on ensuring that what is already a good scheme becomes even better.”
For buyers and developers
Given the substantial subsidies developers can receive for NRAS eligible projects, developers in general are likely to benefit from the NRAS scheme, so long as market conditions and financial incentives are strong enough to support demand from investors. The response to NRAS properties from investors and buyers agents thus far has been mixed.
As Cashmore notes, some buyers of NRAS properties have been “duped” into bad investments.
“Like every other scheme that's introduced to encourage investment into housing, it has been monopolised by a proportion of 'advisors' in sales industry who have built a model of business around encouraging small 'mum and dad' investors into poor acquisitions which hold little scope of the 'promise' they were sold with – significantly, the ability to achieve strong capital growth,” says Cashmore.
“In my own experience, buyers who were duped into the scheme paid too much for pre-assigned dwellings, which are now valued below the nominal amount, and are locked into a scheme where they are unable to sell prior to the ten year nominated period - or if they do, they must find a 'greater fool' willing to take on what was, in most cases, a poor investment in the first place.”
As with any property purchase, buyers of NRAS properties must go into their deals with clear eyes – many experts have noted that NRAS supported properties <a href="/news/nras-properties-overpriced-buyers-agent-patrick-bright">may be overvalued</a>, given high kickbacks for spruikers. Others argue that NRAS properties make sense for investors after good cash flow, not for capital gain potential.
However, whether the NRAS is continued or scrapped should ultimately come down to whether the scheme achieves its intended outcome – providing affordable housing at a reasonable public cost. As <a href="/expert-insights/investing/the-nras-nightmare-its-a-housing-scheme-not-one-for-investors">Mark Armstrong and Xavier Perronnet</a> have argued, the scheme is intended to address housing affordability, not benefit investors.
For Cashmore, on this account, the NRAS does not go far enough.
“As all who read my columns are aware, I am one of the strongest advocates for policy reform to enable Australia to move away from its hamstrung dependence on ever increasing house prices as the prime driver of economic growth.  
"But the NRAS scheme is simply tinkering at the edges of what needs to be wide spread and radical policy reform, on both the tax and supply side - as I and others, such as Prosper Australia, have addressed in our submissions to the Senate housing affordability enquiry. 
"Until this is achieved, the NRAS will make little impact for future generations of disillusioned Australians wanting affordable housing and good options without becoming a 30 year slave to servicing a dual income mortgage.”
</body></html>

Scrapping NRAS: Should the affordability scheme continue?

<html><body>
When looking for your next property acquisition, it can be easy to get swept away in the romance of it all – even the most savvy investor has been known to crumble at a walk in robe with ensuite or herringbone parquetry floors.
But as every expert will tell you, when it comes to purchasing for investment, it’s all about the numbers.
Wilson Property Agent’s principal and director Adrian Wilson advocates considering a property’s per square metre value as a way of looking past the fancy trimmings and getting to the property’s true investment potential.
“While location and magnificent views are an important factor to consider when purchasing a
 property, there is also the consideration of dollars per square metre when searching for the right place,” said Wilson.
“One of the best acquisitions we have available for a discerning opportunist is a penthouse property located in <a href="https://www.realestate.com.au/property-apartment-nsw-sydney-116199963" target="_blank">‘The Bond’ on Hickson Road</a>, occupying some 539 square metres and listed for auction in the mid 3 millions.”
<img src="/images/image2.jpg" width="460" height="345">
“The value for money on this property is exceptional when you conduct a property comparison and calculate the dollars per square metre,” Wilson said. At a listing price of $3-3.5 million, the Hickson Road apartment’s value equates to around $7000 square metre.
“I have been unable to locate any comparable sales data that supports a dollar per square metre rate at less than $10,000 to $12,000 per square metre for this property, putting its worth at upward of $5.5 million – a rare opportunity for a high end purchase.”
The Hickson Road penthouse is opposite the <a href="/expert-insights/buying/barangaroos-first-publicly-advertised-property-sells-for-2-2-million-as-market-heats-up">Barangaroo development</a>, with views north of the headland park and out towards Goat Island on Sydney Harbour. At over $6 billion, Wilson says that Barangaroo is likely to be the largest infrastructure project Sydney will ever see.
According to Tolga Ozer, sales director at Wilson Property Agents, a recent sale he conducted in the Barangaroo development highlights the value of considering a property’s dollar per square metre value. Ozer sold and exchanged a two bedroom apartment in Barangaroo’s Alexander building for $2.2 million, directly across the road from the Hickson Street penthouse.
“This two bedroom apartment in the Alexander building is circa 113 square metres on level six, plus one car space and is due for completion in 2015,” said Ozer. He compares his recent sale with the penthouse on Hickson Street.
“When you compare a mid-level two-bedroom property, which achieved $19,469 per square metre against a luxury 539 square metre, four bedroom penthouse on Hickson Road, with three car spaces, going for around the $7000 per square metre mark, the opportunity and rarity of this investment is really put into perspective.”
Next time you’re attempting to compare your potential investment to similar sales, consider the dollar value per square metre metric. It can also be used to calculate a ceiling on what you’re willing to pay for your investment.
Other top tips for recognising a property’s true value, from the experts:
 
<ol>
<li>
<a href="/expert-insights/buying/a-quality-property-investment-is-not-dictated-by-prestige-or-price-but-by-growth-and-returns">Don't confuse "expensive" with "high quality"</a>. Capital growth potential is what counts.</li>
<li>
<a href="/news/vic/process-beats-intuition-when-buying-property-in-wake-of-autumn-auction-anxiety-mal-james">Follow a process, not your intuition</a>. For Mal James, the process is this: Clarity, assess-value, negotiate.</li>
<li>
<a href="/expert-insights/investing/a-couple-of-classic-first-time-investor-mistakes">Living in an area doesn't mean you know it's investment potential</a>. Familiarise yourself with the figures.</li>
</ol>
 
</body></html>

How to look beyond the surface to recognise a good investment opportunity

<html><body>
Mirvac’s Tennyson Reach riverside community development is close to sold out.
After selling 26 apartments since January 2013, with a total of about $22 million sales, a handful of apartments remain.
According to Mirvac’s national chief executive of residential development, John Carfi, there is strong interest in the final apartments.
<img src="/images/2014/03/17/tennyson-reach-march-17-one.jpg" alt="">
"We've had an overwhelming response to Tennyson Reach over the past year and we're expecting this interest to continue," he said.
"The remaining apartments all boast Brisbane River views, with the majority located on the upper levels, so while we are down to the final properties in the development, they are in prime locations.
Each remaining apartment has three bedrooms.
<img src="/images/2014/03/17/tennyson-reach-march-17-two.jpg" alt="">
Tennyson Reach is an apartment community development comprising six apartment complexes: Softstone, Lushington, Farringford, Aldworth, Parsons and Somersby. The site is eight kilometres from the Brisbane CBD and located opposite the State Tennis Centre. Tennyson also includes 2.98 hectares of parkland, with access to cycling routes and a canoe trail.
"The opportunity to live in close proximity to these amenities, including the 2.9 hectare Ken Fletcher community park, has been a significant part of the appeal for purchasers," said Carfi.
"The majority of buyers have already been living in the surrounding area and are looking to downsize to an apartment lifestyle that comes with having these facilities in easy reach.
"They also want an apartment that doesn't compromise on space, while allowing them to enjoy low maintenance living."
<img src="/images/2014/03/17/tennyson-reach-march-17-three.jpg" alt="">
Carfi note the increasing demand for premium apartments in Brisbane.
"With limited new development taking place in the city over the past few years, those wanting to step straight into a brand new property are realising they need to act quickly," he said.
"As development across Brisbane has largely been centred on more entry level properties, the opportunity to secure a spacious apartment in an absolute riverfront location like this is scarce.
"Those who are interested in making Tennyson Reach their home should act quickly."
The remaining three bedroom apartments are priced from $995,000.
<img src="/images/2014/03/17/tennyson-reach-march-17-four.jpg" alt="">
 For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>.
</body></html>

Tennyson Reach residential development nearing sell-out

<html><body>
Oscar-nominated actor Leonardo DiCaprio is set to join the gangs of Palm Springs after purchasing the former home of the late Hollywood star Dinah Shore.
<img src="/images/2014/03/17/5.PNG" width="460" height="267">
The one storey house has been an icon in desert residential design since its inception in 1964, when it was built for Shore by Palm Springs architect Donald Wexler. A terrific example of 60s modernist desert architecture, the home opens with a large entrance foyer, complete with a front door big enough for two people floating in the North Atlantic Ocean.
<img src="/images/2014/03/17/2.PNG" width="460" height="267">
The residence underwent significant interior renovations by the previous owners and features stone fireplaces, floor to ceiling windows and wooden ceilings throughout. Should Leo ever decide to remain indoors for the better part of three months, he would be well served by his new holiday home; six bedrooms, seven bathrooms, four nominations, and zero Oscars.
<img src="/images/2014/03/17/7.PNG" width="460" height="267">
The estate’s 650 square metre main house is set on a half hectare enclosed gated estate, which will provide the celebrity with security befitting J Edgar himself. The grounds also house a tennis court with glass pavilion and a pool, which one would hope DiCaprio will enjoy a good deal more than a certain Mr Gatsby enjoyed his.
<img src="/images/2014/03/17/10.PNG" width="460" height="267">
The purchase is the most recent entry in DiCaprio’s property diaries, following the sale of another holiday home last year. DiCaprio departed the beach on Boxing Day, trading in his Malibu waterfront colonial for US$17.35 million (A$19.21 million).
With the Palm Springs home the fifth of DiCaprio’s properties, our bet is that the star has his own private aviator to fly him between his newest purchase, his main Los Angeles home and his New York residences.
DiCaprio has ensured there will be no plague on at least one of his houses – his Greenwich Village apartment, purchased in 2013, is part of the Stay Well project by developers Delos, and designed with the health of its inhabitants in mind. The apartment comes with "wellness building amenities" including vitamin C infused showers, posture supportive flooring, air and water purifiers and a “circadian lighting system”: it is neither lark nor nightingale that wakes DiCaprio, instead, a customised system which comes with "optimal lighting to match your natural circadian rhythm throughout the day." DiCaprio is on the advisory board of Delos, as is Deepak Chopra.
<img src="/images/2014/03/17/6.PNG" width="460" height="267">
The Palm Springs home was purchased by a limited liability company, which shares an address with DiCaprio’s production company, for US$5.23 million (A$5.8 million).
</body></html>

The Wolf of Hermosa Place: Leonardo DiCaprio picks up Palm Springs holiday home

<html><body>
Many tenants and landlords choose to maintain a degree of respectful distance. Not Michael Bloxsom, who agreed to help out his landlord – who just happened to be a street level drug dealer.
The 36 year old Bloxsom, from Rockhampton, was arrested when his landlord, Stephen Dobbs, was targeted by the police for drug trafficking.
<a href="https://www.themorningbulletin.com.au/news/cannabis-by-phone-landlord-district-court-/2193320/" target="_blank">The Mornington Bulletin</a> reports that Dobbs was sentenced to four years and 10 months jail on drug trafficking charges on December 18 last year, to be suspended after eight months.
Bloxsom pleaded guilty to one count of trafficking cannabis in the Rockhampton District Court. The court heard that Bloxsom was involved in about 18 supplies of values between $360 and $1,800 as part of Dobbs’s seven month long business. According to Crown prosecutor Susan Hedge, Bloxsom’s transactions accounted for less than 1.6% of total turnover.
Bloxsom didn’t get paid for his work, but did receive some cannabis in exchange for his assistance.
</body></html>

Tenant joins landlord’s $100,000 drug enterprise

<html><body>
Eric Cohen of Eric Cohen Real Estate McKinnon has been fined $5,000 after making disparaging comments about a property at an auction held by a rival firm in August 2012.
Following a Victorian Civil and Administrative Tribunal (VCAT) hearing in 2012, tribunal member Dr Rebecca French last month decided that Cohen would be fined the maximum penalty of $5,000 and be ordered to attend ethics classes for comments that he made regarding the condition of a McKinnon home at its auction.
Prior to the sale Cohen had appraised the property, advising the property’s elderly owner, Edith Cooper, that her home was likely to fetch $1.1 million, with a likely rental rate of $600 to $700. After the appraisal the property’s elderly owner, Edith Cooper, and her son David Cooper advised Cohen that they might rent out the McKinnon home rather than selling. According evidence given by David Cooper at the 2012 hearing, Cohen “appeared dejected” at this news.
David Cooper called Cohen a few days later advising him that the property would be rented out, rather than sold. Cohen expressed an interest in being the property manager for the Coopers, but David Cooper told the tribunal that he gave no guarantee that this would eventuate.
In the following weeks, the tribunal heard, both David and Edith Cooper rang Cohen’s office multiple times and visited the office in person to try to engage Cohen as a property manager, but Cohen never returned their calls. As a result, Edith Cooper engaged Claude Mery of Buxton Bentleigh.
Mery also advised Cooper that the property would attract a price of $1.1 million, quoting $550-$600 as a realistic rental rate. After some consultation with her accountants and legal advisors Cooper decided to sell engage Mery to sell her property.
According to David Cooper, he received a call from Cohen,  where the agent “expressed his disappointment in not getting the job and suggested that he would have got the best possible price and that by going with another real estate agent, my mother and I were making a big mistake. Mr Cooper also asked what he had done wrong, however, I just said my mother preferred Buxton Bentleigh.”
Cooper told the tribunal that Cohen concluded the call with “words to the effect of ‘Good luck trying to sell it,’” in a tone which he described as sarcastic and "not friendly", leaving him feeling "uneasy".
At the 2012 hearing, Cohen disputed David Cooper’s version of the events, telling the tribunal that he did return calls from the Coopers. While he acknowledged that the final call between himself and David Cooper described by Cooper did take place, he said that his intention was to solicit  feedback from Cooper, and that he informed him of market conditions and wished him well on the property’s sale.
David Cooper’s wife, Lucia Cooper, told the tribunal in 2012 that at the property’s auction, Cohen approached her as she was standing outside with potential bidders and onlookers. According to Lucia Cooper, Cohen claimed the property was poorly designed and asked if she knew that there was water leaking into the home’s garage. Lucia Cooper told the tribunal that she observed Cohen approaching various other people at the auction, and that his appearance and attire may have lead attendees to believe he was a selling agent for the property, although he did not introduce himself as a real estate agent, or wear a badge. Another witness, Edith Cooper’s neighour, testified to the tribunal that he saw Cohen approaching various attendees, and that after Cohen’s conversation with Lucia Cooper, she stormed off angrily.
However, Cohen claimed that Cooper had struck up a conversation with him, and while he had mentioned structural issues with the home, he did so as an explanation for his comment to her that the property would probably sell to developers. He also said that he had only spoken to other families at the auction that he was already acquainted with.
According to Lucia Cooper, she and Cohen got into an argument at the auction over his alleged disparaging comments, and at one point Cohen asked her neighbour, who had confronted him over his behaviour, if he “wanted to fight”.
Tribunal member Dr Rebecca French found at the 2012 hearing that none of the attending witnesses were truly independent. However, she found that Cohen’s conduct when approaching Lucia Cooper at the auction would “reasonably be regarded as disgraceful or dishonourable by his professional brethren of good repute and competency.”
</body></html>

Victorian agent fined $5,000 after disparaging property at rival agent's auction

The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Jessie Richardson

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News