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The McGrath Group has lost another senior estate agent with Steven Chen departing the listed estate agency.
The McGrath veteran Steven Chen's departure was announced internally on Monday.
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He has been the director of its besieged project marketing division. His most recent annual sales tally was $168 million, with a $1.2 million average sale price.
His career spanned over 19 years with the McGrath Group. He was a board member in 2011-12.
"I have to announce the resignation of Steven Chen as director of project marketing, from McGrath Limited," the newly installed McGrath Group chief, Cameron Judson advised staff Monday afternoon.
It followed the departure of the director of sales Matt Lahood.
"Both Matt and Steven have had a long and important history with McGrath. Since joining our business they have built and established lifelong friendships within the McGrath family and both will be greatly missed. Their commitment, contribution and dedication to the success of the McGrath brand, its people and business is immeasurable.They each continue to be shareholders in McGrath, with individual holdings in excess of 2% of the company," 
Chen boasted he had personally transacted in excess of $2.5 billion in projects and residential sales.
Establishing the McGrath Projects division, Steven lead a team of over 60 agents and support staff in Sydney, Brisbane &amp; Gold Coast.
He also directed a specialist team of 20 experienced Chinese agents catering for the local and international Asian market, selling Australian property in Hong Kong, Shanghai, Beijing, Xiamen, Guangzhou and Wuhan-China. 
His division attracted blame in April when the listed real estate group announced a profit downgrade, and lowered its dividend target following a revision to forecast volumes and sales.
Postponed project launches by the project division was one of the reason for the revenue decline.
Last week McGrath lost its Millers Point specialist, Richard Shalhoub, who was also involved in the sale of the former CEO John McGrath's personal portfolio of harbourfront apartments through the years.
In 2014-2015 he sold $92 million worth of property and in 2015-2016 he sold around $117 million, at a $2.5 million average.
Lahood, Chen and Shalhoub have worked a combined 50 plus years in real estate.
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Steven Chen follows Lahood and Shalhoub out the door at McGrath Group

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McGrath Limited has lost its head of sales, Matt Lahood, it announced to the stockmarket on Monday.
It announced the appointment of Kon Stathopoulos into the role.
The company shares slipped to $1.13 today, still well down on its $2.10 float price last December.
Lahood, who declined to respond to Property Observer's query last Thursday on the then rumoured departure, has been with the McGrath business since 1997. He was director of sales for 12 years.
The besieged group acknowledged he had been pivotal in driving the growth of company owned sales, and then leading the sales team through the turbulent period involving the recent listing on the ASX.
McGrath founder John McGrath said Matt has had a long and important history with the business.
Kon Stathopoulos has been with McGrath since the beginning of 2014, currently as McGrath’s general manager of sales, NSW.
Before joining McGrath he was with Neopost, the mailroom digital communications and logistics solutions company.
The new McGrath’s chief executive officer, Cameron Judson said he was looking forward to the "next exciting phase for McGrath.” 
Lahood's company profile advised he was a trusted mentor to a team of 300 inspired sales professionals, adding Matt Lahood had been "a driving force behind McGrath’s continued success in a competitive property industry."
"He is an esteemed real estate expert among colleagues and carries a multi-generational client base where he combines a wealth of experience acquired over 22 years in property sales with a clear passion for helping to generate a personal success for those whom he meets along the way."
Judson in the internal notification advised other staff that Lahood retained his shareholding.
Founded in 1988 by John McGrath, McGrath has been established as one of the leading residential real estate service providers in Australia with a strong market presence in NSW and the ACT, a growing presence in Queensland and entered the Victorian market at the end of 2015.
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McGrath Group loses head of sales Matt Lahood after two decades

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Langi Willi estate, the historic Victorian Western Districts pastoral property in Skipton, has been listed after 157 years of continous ownership. 
Architect Charles D'Ebro designed a mansion of grand proportions in 1893 for the Russell family after several decades of ownership.
The 35 room historic homestead sits on 66 hectares which has been listed through Kay &amp; Burton agent Ross Savas who expects more than $5.5 million.
The current vendor family, the Mackinnon's, who arrived from Scotland in 1839, married into the Russell family in 1933.
This article was first published in the Weekend Australian Mansion Australia property section.
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Langi Willi, Skipton farm listed for sale

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<img src="https://counter.theconversation.edu.au/content/65712/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Saving energy is a win-win. You reduce greenhouse emissions and you reduce your energy bills. However, improving energy efficiency is not an option for a significant number of people in Australia – renters. 
This is important not only because rental properties account for 29.6 percent of Australian houses, or 2.3 million homes, but because the high proportion of low-income households in rental properties are particularly vulnerable to rising energy prices.
<h2>Those who can, and those who need to but can’t</h2>
In Victoria, only 58 percent of private and 55 percent of public rented homes have some insulation. In contrast, 95 percent of owner-occupied homes have insulation. 
In 2009 the Victorian government found the use of electric heaters is much higher in rental properties, and that half of all rental households report difficulty heating their homes.
The relationship between low incomes and higher rates of renting is a long-term trend in Australia. More than 20 percent of long-term renters regularly pay more than half of their income on rent, and 17 percent of all private renters are on government pensions or allowances. The proportion of people with a disability, a group with higher-than-average energy needs, is also much higher in rental properties.
As energy prices continue to rise, the gap between those who can afford to improve the energy efficiency of their property and those who cannot is growing. Those who are most vulnerable to energy price increases are the people with the least capacity to improve the energy efficiency of their home.
<h2>What is getting in the way?</h2>
Internationally, split incentives (when two parties engaged in a contract have different goals and levels of information) are recognised as a key barrier to improving energy efficiency in rental properties. 
The International Energy Agency estimates that, globally each year, over 3,800 petajoules of energy (roughly 65 percent of Australia’s total energy use in 2013-14) is not saved due to split incentives.
In Australia, several additional legislative barriers prevent improvements to rental properties. 
For example, landlords can offset the entire cost of any repairs made to rental properties against their income in the same financial year. But any repair has to be like-for-like.
So if a gas hot-water system broke down in a rental property and the landlord decided to replace it with a solar hot-water heater it would be classed as an improvement, not repair. The entire cost of improvements cannot be offset in the same financial year, which deters landlords from replacing broken appliances with more efficient versions.
Many state tenancy laws require tenants to return the properties to the same condition as when they rented the property. This means even willing renters are discouraged from improving properties themselves, or engaging in energy efficiency programs offered by external parties.
The majority of leases in Australia are for six to 12 months. In Victoria you cannot get a lease longer than five years. 
Therefore, tenants who do have the income and permission to improve the energy efficiency of their properties cannot be sure they will live in the property long enough to pay off the initial investment through energy savings.
<h2>Hope for change</h2>
In our 2015 study we aimed to identify solutions for the barriers to energy efficiency in rentals. We surveyed 230 tenants and landlords and interviewed five real estate agents.
We found two possible solutions that received a high degree of support from all stakeholders. 
The first solution, which received over 90 percent support from both landlords and tenants, is to change the classification of energy efficiency improvements to repairs under tax law. This would allow landlords to offset the entire cost of the improvement in the same financial year. Real estate agents were also convinced this solution would work, with no repercussions for tenants.
The second solution that all stakeholders supported was mandatory minimum efficiency standards for rental properties. Over 90 percent of tenants and 70 percent of landlords supported this solution. 
However, fewer landlords strongly disagreed with a mandatory standard if it was combined with tax offsets for energy efficiency improvements. Real estate agents agreed that the combined solution could be effective. 
Interestingly, if the mandatory minimum energy efficiency standard were enacted, it could allow landlords to claim tax offsets for energy efficiency improvements in the same financial year. This is because spending required to make a property satisfy regulatory requirements falls into the repairs classification.
The results of this study show that despite the different goals of landlords and tenants there are combinations of solutions that could overcome the barriers to improving the energy efficiency of rental properties. 
If landlords and tenants can find some common ground, surely politicians across multiple levels of government can work together to find solutions for some of the most vulnerable people in our community.
Robert Crawford is senior lecturer in Construction and Environmental Assessment, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/robert-crawford-14921" target="_blank">here</a>.
Koel Wrigley is community engagement consultant, Capire Consulting Group, University of Melbourne and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/koel-wrigley-301797" target="_blank">here</a>.
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Renters are being left out in the cold on energy savings: here’s a solution

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Dea and Darren Jolly, stars of past series of Channel 9 show, The Block sold their Melbourne home at weekend auction.
 They pocketed a nice gain from the sale of their Kew East-rebuild with a <a href="https://www.realestate.com.au/property-house-vic-kew+east-123577366" target="_blank">$2.908 million auction result, at $60,000 above reserve.</a> 
They'd spent a year and about $1 million rebuilding the 1920s California bungalow after purchasing it in a rundown state for $1.395 million in June last year. 
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Dea and Darren Jolly sell well in Kew East

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<img src="https://counter.theconversation.edu.au/content/66750/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Gina Rinehart has partnered with a Chinese company to buy the giant Kidman pastoral empire, after two previous bids by Chinese buyers were rejected by the federal government.
Under the proposed sale Hancock Prospecting and Shanghai CRED are forming a joint venture company, Australian Outback Beef (AOB), owned 67 percent by Hancock and 33 percent by Shanghai CRED.
The sale is worth a net $365 million after the carve out of Anna Creek station in South Australia, valued at about $14-$18 million.
Of three bids for the Kidman land, this is the first with majority Australian interests. The privately owned Shanghai CRED was involved in the earlier bids, both of which were knocked out by Treasurer Scott Morrison. It has recently bought land in Western Australia.
But the offer must run the gauntlet of the federal government’s foreign investment regime which means being examined by the Foreign Investment Review Board, with approval or rejection then up to Morrison. It is also subject to various Chinese government approvals.
It is thought this bid, with its majority local ownership, is likely to be better placed than the earlier ones to navigate the hurdles.
Its 33% foreign ownership is marginally below the 33.9% present foreign ownership – mostly British - of Kidman.
Gina Rinehart is also very close to Deputy Prime Minister Barnaby Joyce, who has been a critic of the Chinese push for Australian land.
The offer is conditional on the sell off of Anna Creek and the Peake, an associated property, to other Australian grazing interests.
Anna Creek overlaps the Woomera test area and security considerations were key to the rejection of the first of the two previous bids, although the total amount of land involved was also a major factor.
The rejection of the second bid came shortly before the federal election, when Chinese investment was seen as an issue.
The Kidman empire has 19 individual properties operated as 12 enterprises, including 10 cattle stations, a bull breeding stud and a feedlot.
It has pastoral leases covering 101,000 square kilometres across South Australia, Western Australia, the Northern Territory and Queensland, and an average herd carrying capacity of 185,000 cattle.
Rinehart, chairman of the Hancock group, said: “Kidman is an iconic cattle business established more than a century ago by Sir Sidney Kidman. It is an operation founded on hard work and perseverance by an outstanding Australian, and it is an important part of Australia’s pioneering and entrepreneurial history.”
The CEO of Hancock, Garry Korte, said the quality of the Kidman herd and channel company properties would complement Hancock’s existing northern cattle properties, and align well with Rinehart’s plans to build a diversified cattle holding in Australia. The Hancock family started their first cattle station in north west Australia.
Principal of Shanghai CRED, Gui Guojie, said partnering with leading local business Hancock had already proved a productive approach and he looked forward to having the opportunity to work with Hancock through the Kidman investment.
The Kidman business went on the market nearly 18 months ago and more than 600 interested parties have held discussions with the sales manager Ernst and Young.
Michelle Grattan is professorial fellow, University of Canberra, and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/michelle-grattan-20316" target="_blank">here</a>.
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Scott Morrison to rule on Hancock-Chinese bid for Kidman cattle empire

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The Bundaberg macadamia industry is now the largest producer in Australia producing approximately 40 percent of the national crop.
Bundaberg has taken over from the Northern Rivers area of New South Wales, which produces just under 40 percent of the national crop, HTW Rural's latest report noted.
"The main advantage Bundaberg has is scale of operation with approximately 60 growers whereas the Northern Rivers has approximately 450 growers," it said.
Macadamia nut prices have been increasing for a number of years and were $5.09 per kilogram nut in shell last year and are expected to be $5.20 per kilogram nut in shell this year.
HTW last reported sale of a macadamia nut orchard in Bundaberg was for around $7 million.
Sales generally reflect a market value range of $35,000 to $40,000 per irrigated treed hectare. 
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Bundaberg region takes mantle as biggest macadamia producer

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The Earl of Stradbroke's rural property, Mt Fyans in the Western District of Victoria is set to be sold for about $34 million.
The mooted buyer is Harmony Beef and Cattle, a company ultimately owned by the major Chinese group He Sheng.
<a href="https://www.realcommercial.com.au/property-commercial+farming-vic-dundonnell-501469923" target="_blank">The Mt Fyans aggregation</a> covers 5900 hectares amassed over 25 years by the Earl, Keith Rous. 
It carries a Black Angus herd of some 2800 breeders and 2000 sheep for prime lamb production.
Its eight bedroom historic homestead was built in the mid-1880s on the back of success of the Geelong brewery.
In 1883 William Cumming commissioned Warrnambool architect Andrew Kerr to design the elaborate homestead, which was completed the following year. An earlier homestead, and woodshed, had featured in a <a href="https://shop.nga.gov.au/cards/greeting-cards/mt-fyans-homestead" target="_blank">Louis Buvelot</a> painting held by the National Gallery of Australia.
One of the largest farms in the Western district of Victoria, Mt Fyans at Dundonnell was offered last year on a walk in walk out basis.
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Earl of Stradbroke set to sell Mt Fyans to Chinese buyers

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Four capitals secured 80 percent plus weekend auction clearance rates. 
The strengthening markets of Canberra, Melbourne and Adelaide have joined Sydney, which is now being challenged as the nation's strongest auction market. 
There were around 2,246 held across all the capital cities with a preliminary national clearance rate of 79 percent. 
At the same time last year, CoreLogic had the results as substantially lower, with 69 percent of auctions sold, with considerably higher volume, some 3,016 capital city auctions.
Canberra had the top clearance rate at 86 percent across 68 auctions.
"This is the highest clearance rate Canberra has recorded this year, while one year ago the clearance rate was lower at 62 percent," Kevin Brogan at CoreLogic advised. 
Canberra prices ranged in a tight range between $285,000 at Gungahlin for a one bedroom townhouse and <a href="https://www.realestate.com.au/sold/property-house-act-yarralumla-123595690" target="_blank">$1.37 million in Yarralumba</a> (below).
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Sydney hosted 774 auctions this week with an 81.5 percent clearance. Last year 1,197 auctions were held and the clearance rate was 69 percent. 
Melbourne, with 1,110 scheduled auctions, had an 81.2 percent success rate.
"One year ago, in Melbourne, the clearance rate was 73.4 percent," Brogan noted with 1,400 offerings on the same Saturday last year. 
Almost 4,000 Melbourne auctions are expected in October with three Super Saturdays scheduled, the REIV chief, Geoff White said.
Melbourne had the highest sale when $4.35 million was paid in Canterbury, well above the $3.5 million plus price guidance for the<a href="https://www.realestate.com.au/sold/property-house-vic-canterbury-123581542" target="_blank"> four bedroom Monomeath Place offering (below).</a>
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Next most expensive was a vast 1920s apartment on the Beaconsfield Parade, Middle Park promenade which sold for $3.07 million having had a <a href="https://www.realestate.com.au/sold/property-apartment-vic-middle+park-123587986" target="_blank">$2.7 million plus price guidance</a> (below).
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The third priciest home sold in Melbourne was by Dea and Darren Jolly, stars of past series of Channel 9 show, The Block.
They pocketed a nice gain from the sale of their Kew East-rebuild with a $2.908 million auction result (below). 
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They'd spent a year and about $1 million rebuilding the <a href="https://www.realestate.com.au/property-house-vic-kew+east-123577366" target="_blank">1920s California bungalow</a> after purchasing it in a rundown state for $1.395 million in June last year. 
Melbourne also had the nation's cheapest result which was $259,000 for a three bedroom brick house in Melton.
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In Adelaide auction activity, the 80 percent success rate was the highest reported for the year from around 100 listings.
Over the same week last year it was 64 percent of the 127 offerings. Adelaide prices ranged between $280,000 at Oaklands Park and $1.3 million for a four bedroom 1930s Tudor style home at <a href="https://www.realestate.com.au/property-house-sa-linden+park-123514022" target="_blank">Linden Park which was sold pre-auction</a> (below).
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Preliminary results show that Brisbane’s clearance rate sat at 55 percent, comparable to the 54 percent last year. Brisbane prices ranged between $530,000 at Calamvale and <a href="https://www.realestate.com.au/property/11-glasnevin-st-indooroopilly-qld-4068" target="_blank">$3 million pre-auction at Indooroopilly on the river</a> (below).
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Sydney's top sale which was $4.12 million in Vaucluse (below), the onetime home of then barrister, Neville Wran, who became the state's 35th premier in 1976.
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The <a href="https://www.realestate.com.au/property-house-nsw-vaucluse-123565550" target="_blank">10 Princes Avenue home</a> was where Wran lived in the 1960s with his first wife Marcia and their two children, Glenn and Kim.
Daniel Baran, of The Agency, said the $4.12 million sale was above reserve by more than $600,000.
The 1920s home on its 650 sq m block was purchased by Wran for £13,000 in 1961 and sold five years later for $40,000.
The property last traded in 1993 for $890,000.
It was the city and east with the highest regional clearance rate at the weekend with 98 per cent success, according to CoreLogic.
The next highest was the lower north with 92 percent.
The Sydney south west had the lowest clearance rate of 52 per cent.
Melbourne's sub-region top performer was the North East region at 87 percent from 114 auction results which included an <a href="https://www.realestate.com.au/property-house-vic-heathmont-123557894" target="_blank">$858,000 three bedroom home at Heathmont</a> (below).
<img src="/images/2016/10/10/500_melbourne.jpg" alt="">
It's sale price was close to the $878,000 median house price paid at weekend auctions across Melbourne, according to Domain calculations.
CoreLogic's Kevin Brogan said auction volumes had rebounded following the Labour Day long weekend which coincided with the AFL and NRL grand finals.
<a href="/images/2016/10/10/Screen%20Shot%202016-10-10%20at%2010.48.11%20AM.png" target="_blank">Click to enlarge</a>
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Canberra, Melbourne and Adelaide challenge Sydney as the nation's strongest auction market

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<img src="https://counter.theconversation.edu.au/content/65566/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Enthusiasm for urban greening is at a high point, and rightly so.
Ecological studies highlight the contribution urban nature makes to the conservation of biodiversity. For example, research shows cities support a greater proportion of threatened species than non-urban areas. 
Green space is increasingly recognised as useful for moderating the heat island effect. Hence, this helps cities adapt to, and reduce the consequences of, climate change. 
Reducing urban heat stress is the main objective behind the federal government’s plan to set tree canopy targets for Australian cities. Trees are cooler than concrete. Trees take the sting out of heatwaves and reduce heat-related deaths.
The “healthy parks healthy people” agenda emphasises the health benefits of trees, parks and gardens. Urban greenery provides a pleasant place for recreation. By enhancing liveability, green spaces make cities more desirable places to live and work.
The increased interest in urban greening presents exciting opportunities for urban communities long starved of green space.
<h2>Unpacking the green city agenda</h2>
This enthusiasm for “green cities” stands in stark contrast to traditional views about nature as the antithesis of culture, and so having no place in the city. The traditional view was that the only ecosystems worthy of protection were to be found beyond the city, in national parks and wilderness areas.
We embrace the new agenda wholeheartedly, but also believe it’s important not to focus solely on instrumental measures like canopy cover targets to reduce heat stress. We should not forget about experiential encounters.
The risk with instrumental (and arguably exclusionary) approaches is these fail to challenge the divide between people and nature. This limits people’s connection to the places in which they live and to broader ecological processes that are essential for life. 
Instrumental targets in isolation also risk presenting urban greening as an “apolitical” endeavour. But we know this is not the case, as we see with the rise of green gentrification associated with iconic greening projects like New York’s High Line. Wealthy suburbs consistently have the most green space in cities.
Bringing nature into the city is one thing. Bringing it into our culture and everyday lives is another.
<h2>Understanding ecology in a lived sense</h2>
Urban greening provides an opportunity to recast the relationship between people and environment – one of the critical challenges associated with the Anthropocene.
To break down nature-culture divides in our cities, and in ourselves, we argue for the importance of embracing experiential engagements that develop a more deeply felt connection with the city places in which we live, work and play. 
We are advocating a focus that does more than just encourage people to interact tangibly in and with urban nature, by drawing attention to the way humans and non-humans (including plants) are active co-habitants of cities.
Such an approach works by recognising that human understanding of the environment is intricately wrapped up in our experiences of that environment. 
Put simply, green cities can’t just be about area, tree cover and proximity (though they are important). We need to foster intimate, active and ongoing encounters that position people “in” ecologies. And we need to understand that those ecologies exist beyond the hard boundaries of urban green space. 
Without fostering a more holistic relationship with non-humans in cities, we risk an urban greening agenda that misses the chance to unravel some of the nature-culture separation that contributes to our long-term sustainability challenges as a society.
Active interactions with nature in the spaces of everyday life are vital for advancing a form of environmental stewardship that will persist beyond individual (and sometimes short-lived) policy settings. 
<h2>No getting away from the politics</h2>
It is important to consider the policy and governance dimensions of urban greening. 
If the instrumental orientation prevails, our cities might be “more liveable” (at least for some, at particular locations and points in time), but our societies may not be more socially and environmentally just, or more sustainable.
We therefore emphasise the need to understand and critique the dimensions of the renewed interest in urban ecology. We have to consider whether this interest is associated with existing political economies, which embrace technocratic expertise to the exclusion of other voices, or whether urban greening can foster the emergence of a more transformative form of decision-making. 
We also ask how we can enhance the prospects for more deliberative and place-based responses. An experiential turn for urban greening may be one way to make green space planning and practice more democratic. 
By questioning who we might be greening for and how, we can open the way for the much-needed acknowledgment of Indigenous histories and participation in the making of urban space.
Giving urban greening an experiential focus might also help open our eyes to the needs of the more-than-human. Rather than simply cultivating green spaces for a narrow set of anthropocentric benefits, we pose the question: who are the participants in urban greening? It’s a way of acknowledging that we inhabit cities with plants and other non-human lifeforms. 
An interesting area of policy development that may be productive for urban greening is the idea of the playful commons. This is an example of a governance approach that is more open to affective and experiential interaction – the community participates in negotiating, licensing and designing the use of public space. 
Applying this approach to urban greening might encourage more deliberative forms of governance that can deliver more environmentally just and sustainable cities for the long term, for both humans and non-humans.
Benjamin Cooke is lecturer, School of Global, Urban and Social Studies, RMIT University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/benjamin-cooke-300187" target="_blank">here</a>.
Brian Coffey is lecturer, School of Global, Urban and Social Studies, RMIT University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/brian-coffey-162907" target="_blank">here</a>.
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Why ‘green cities’ need to become a deeply lived experience

Developer <a href="https://www.apartments.com.au/developers/bottega-property-group">Bottega House</a> has secured council approval for its first Brisbane project - a $270 million luxury residential development on an absolute riverfront site in leafy St Lucia.&nbsp;

The 15-storey project, known as <a href="https://www.apartments.com.au/new-apartments/st-lucia-by-bottega-house-180-macquarie-street-st-lucia-qld-4067">St Lucia by Bottega House</a> , will occupy a prime north-facing site at 178-180 Macquarie Street, directly fronting the Brisbane River in the established inner-west suburb known for its rowing clubs, golf courses and sprawling University of Queensland campus.&nbsp;

St Lucia by Bottega House will feature a suite of amenities including dedicated wellness spaces, a mineral pool and cold plunge. The project has been positioned to attract affluent owner-occupiers seeking high-quality, house-sized apartments.&nbsp;

Bottega House has been set up by co-directors Nick Malloch, Louis Mennes and Craig Marsh.

Malloch said the project drew inspiration from its Brisbane River setting and leafy inner-west surrounds, while responding to the demands of discerning locals looking to transition from freestanding homes into apartment living.&nbsp;

"With an expansive river frontage and lush green surrounds, we knew we had to create something special that reflects the natural beauty of the location while offering residents masterfully crafted homes," said Malloch.&nbsp;

"Our intent was to complement the project's quiet, private setting by introducing residences that offer a calm retreat and sanctuary from the everyday. The result is a harmonious blend of architecture, interiors and amenity that emphasises wellbeing, comfort and beauty without excess."&nbsp;

Malloch added that project consultants had been carefully selected in alignment with Bottega House's commitment to care, quality and attention to detail. The design team includes architects <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, interiors practice <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and landscaping by <a href="https://www.apartments.com.au/architects/urbis">Urbis</a>.&nbsp;

Three-bedroom apartments are expected to start around $5 millio. Selling agents Keenan &amp; Byrne said the pricing strategy for the project was anticipated to achieve upwards of $25,500 per square metre.&nbsp;

The project's development approval this week follows the success of Bottega House's inaugural Queensland project - a 22-storey collection of full-floor sky homes at Broadbeach on the Gold Coast which included the sale of a two-storey penthouse at a record price for a beachside residence.&nbsp;

St Lucia by Bottega House is expected to launch to market in November, with construction anticipated to be completed mid 2029.

[smartcode_project_cta:default project_id=151826]

Joel Robinson

Bottega House to make Brisbane debut with St Lucia riverfront apartment development

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> is advancing its affordable apartment model into Brisbane with the acquisition of another site at Cordelia Street in South Brisbane for $27 million.

Sherpa, which has a $1.7 billion pipeline across Southeast Queensland, intends to bring a cohort of apartments exclusively for first homebuyers into its proposed 186-apartment project to be built at 2 Cordelia Street.

The Sherpa model has already been incredibly well received from their Gold Coast projects, where Sherpa Group set aside a number of apartments exclusively for first homebuyers.

The new $320 million project marks Sherpa Group's second development in Brisbane, following its $255 million Symphony project, also on Cordelia Street, which is currently under construction.

Symphony will deliver 146 apartments across 28 levels, offering a mix of one, two and three-bedroom apartments. With 114 already sold, construction by <a href="https://www.apartments.com.au/builders/lps-group">LPS Group</a> is scheduled for completion in 2028.

[smartcode_project:default project_id=7574 project_image_fid=351654]

Sherpa Founder, Christie Leet, said the company was excited to be venturing into Brisbane for its second residential project.

“We’re big believers in the future of Brisbane as we lead into the 2032 Olympics and beyond,” Leet said.

“The success of Symphony has guided us into what will be our second project and we look forward to submitting our plans with council soon so we can deliver yet another quality project to the inner city residential market.

“Our Flourish model has been very well received both in Brisbane and the Gold Coast, and we’re excited to be able to offer some of these apartments again exclusively to first homebuyers to help get them into the property market.

“The model has been extraordinarily well received in our previous projects and it is something we are committed to moving forward.”

2 Cordelia Street will be designed by <a href="https://www.apartments.com.au/architects/hal-architects">HAL Architects</a> &amp; Finegrain and will include Sherpa’s signature residential amenities including pool, gym, recreation, wellness and work from home spaces.

The project will feature ground-floor commercial space, creating a vibrant amenity for residents and the surrounding community.

A development application will be lodged with Brisbane City Council in August on the code compliant site and will be launched to the market early 2027.

Sherpa acquires new site for second Brisbane apartment tower

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Jonathan Chancellor

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