<html><body>
GUEST OBSERVER
We are not convinced that giving the largest banks in Australia $7.4 billion over the next ten years is good for the budget. – Opposition Leader Bill Shorten, leaders’ debate speech, May 29, 2016.
Opposition Leader Bill Shorten’s line of attack during the leaders’ debate focused squarely on the Coalition’s long-term plan to cut the company tax rate from 30 percent to 25 percent.
Twice during the debate Shorten said the proposed tax cuts equated to giving A$7.4 billion over ten years to Australia’s big four banks (National Australia Bank, the Commonwealth Bank, ANZ and Westpac).
Is that right?
Checking the source
When asked for a source to support that assertion, a Labor spokeswoman referred The Conversation to modelling conducted by think-tank The Australia Institute.
The Labor spokeswoman said:
"Bill was emphasising the clear point of contrast in this election campaign, which is that Malcolm Turnbull wants to spend $50 billion giving huge companies a tax cut while Labor wants to invest in schools, Medicare and growing good jobs."
The Australia Institute modelling
In a press release, The Australia Institute said that for their economic modelling:
"The value of company tax provisions was derived from 2015 full year annual reports for the big four banks. That figure summed to $11,123 million. That figure was projected forward to 2026-27 to give the no-change scenario."
To arrive at the figure of $7.4 billion, The Australia Institute modelling assumed bank profit would increase in line with nominal Gross Domestic Product. Under this assumption, the amount of tax payable would also increase in line with nominal GDP. This would give nominal increases of:
<ul>
<li>2.5 percent in 2015-16;</li>
<li>4.25 percent in 2016-17; and</li>
<li>5 percent in 2017-18 and subsequent years.</li>
</ul>
As the think tank noted in its press release, the company tax cuts would not affect the big banks until 2024-25. That’s when the 30 percent company tax rate will fall to 27 percent for all companies with further reductions of 1 percent per year, hitting 25% in 2026-27.
The Australia Institute calculated the following results:
<a href="/images/2016/05/31/image-20160530-7713-8cr5ue.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/31/image-20160530-7713-8cr5ue.png" alt="">
A reasonable guesstimate – but not a fact
On these calculations, the “$7.4 billion over the next ten years” claim is not a fact. But it’s also not an unreasonable guesstimate – although it is, of course, really over the three years from 2024-25 through 2026-27. There is no advantage to the big banks over the first seven of the next ten years.
According to the Australian Taxation Office, the four big banks paid a total of $9.5 billion in company tax in the 2013-14 financial year.
The government has proposed increasing the turnover threshold below which the rate of company tax payable is 27.5 percent, from $10 million in 2016-17 to $1 billion in 2022-23.
The government’s proposed policy says that the company tax rate for all companies (including the four big banks) with turnover exceeding $1 billion will fall from 30 percent to 27 percent in 2024-25, and then by a further one percentage point in 2025-26 and another percentage point (to 25 percent) in 2026-27.
So, on that basis, The Australia Institute’s maths checks out.
A grain of salt
As with all economic modelling, this modelling and any claims based on it should be taken with a large grain of salt.
Any assumption about the banks’ profit growth over the next ten years is entirely arbitrary, and I have no idea whether it is at all justified. Only time will tell.
If the banks' profits grew by only 2 percent per annum over this period, then the benefit to them from the cut in the company tax rate proposed by the Coalition would be “only” $4.8 billion; if they grew by 10% per annum the benefit to them would be $12 billion (over the three years from 2024-25 to 2026-27).
Verdict
Shorten’s statement relies on modelling assumptions made by The Australia Institute think-tank about bank profit growth. It is not a statement of fact but rather a guesstimate. It is not an unreasonable guesstimate, but depends entirely on whether the think tank’s assumptions about bank profit growth come true or not.  
 <a href="https://theconversation.com/profiles/saul-eslake-665" rel="author">Saul Eslake</a> is vice-chancellor’s fellow, University of Tasmania and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/saul-eslake-665" target="_blank">here</a>.
</body></html>

jchancellor-FAypfDUnLy

Will Australia's largest banks get a $7.4 billion benefit from tax cuts over next decade? Saul Eslake 

<html><body>
McGrath has announced it has been appointed by Property NSW as the exclusive agent for the next phase of the Millers Point social housing selloff program. 
McGrath will market the sale of 175 dwellings with an estimated value in excess of $200 million.
The sales program is expected to commence in the second half of June.
This is the second tender won by McGrath for Property NSW. 
The marketing will be headed by Richard Shalhoub of McGrath Edgecliff.
In January 2016 the company won a tender for the sale of up to 50 terrace homes and so far 31 have been sold for a value of $86 million.
A further ten terrace properties will be auctioned June 9.
</body></html>

McGrath secure another batch of redundant NSW Government Millers Point terraces to sell

<html><body>
<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
This May, urbanists around the world have been celebrating the 100th anniversary of the birth of Jane Jacobs.
The American-Canadian author and activist’s spirited defence of inner-city neighbourhoods inspired a generation of urban activists and place-makers. So what might Jacobs have to teach a new generation of urbanists and planners?
Much of Jacobs' legacy stems from the successful “David and Goliath” campaigns she led in the late 1950s and 1960s against the development plans of Manhattan’s “master builder” Robert Moses.
Her first battle, to prevent an extension of Fifth Avenue that would have torn apart her beloved Washington Square Park, was followed by a series of protracted community campaigns. These ultimately saved some of Manhattan’s most iconic neighbourhoods – Greenwich Village, SoHo, Little Italy – from “slum clearance” and demolition. 
At this time, many Americans were retreating to the suburbs, and city planners – epitomised by Moses, then head of the powerful Triborough Bridge and Tunnel Authority, which managed vast tracts of land in New York City – imposed their “comprehensive city plans” on neighbourhoods, with scant input from local communities.
Working under the spell of Le Corbusier’s vision of the “Radiant City” (Ville Radieuse), planners like Moses saw themselves playing the heroic role of a city’s surgeon. They justified their radical urban plans through appeals to natural or scientific principle. For Le Corbusier, automobiles were machines of circulation, the “lifeblood of the 20th century”; cities needed them to avoid stagnation.
<h2>In love with the ‘sidewalk ballet’</h2>
Jacobs resisted this vision. In her first and most influential book, The Death and Life of Great American Cities, Jacobs attacked planners for ruining the cultures of cities. She saw the modernist vision of cities as:
"the dishonest mask of pretended order, achieved by ignoring or suppressing the real order that is struggling to exist and to be served."
Jacobs wrote:
When city designers try to find a design device that will express, in a clear and easy fashion, the ‘skeleton’ of city structure (expressways and promenades are current favourites for this purposes) they are on fundamentally the wrong track. A city’s very structure consists of a mixture of uses … We get close to its structural secrets when we deal with the conditions that generate diversity.
Instead of city spines and clean lines, she asked her readers to look more closely at what makes a street really work. She loved the “intricate sidewalk ballet”, a complex order that helped to maintain public safety and wellbeing through a “constant succession of eyes”.
The complexity of a place made it impossible to replicate.
The ballet of the good city never repeats itself from place to place, and in any one place it is always replete with new observations.
Jacobs’ polemic against urban planning would become its orthodoxy. Death and Life has been required reading for students of urban planning for decades. Today they learn of the failed spaces created by modernist planners and the geographies of single-use enclaves and far-flung highways they spawned.
Jacobs' campaigning inspired urban activists around the world to stage protests in their own cities. This helped usher in a new era of citizen-centric planning frameworks.
As Saskia Sassen wrote recently, it was Jacobs who first urged the need to recognise the value of “place” when considering the implementation of urban policies.
<h2>Is Jane Jacobs still relevant or useful?</h2>
Although Jacobs is a profoundly influential figure in 20th-century urbanism, in many respects her radicalism can feel like it belongs to another era.
The Manhattan districts she fought to preserve represent some of the most expensive real estate in the world, so it’s hard to disagree that a city’s dense, historic core might be worth preserving. Economist Edward Glaeser talks about “Jacobs Spillovers” – the transfers of knowledge and activity that help to explain the generation of wealth in cities like New York and London.
Some might even ask: was Jacobs simply one of the first to fly the NIMBY flag against any developments taking place within the prized neighbourhoods they helped to gentrify?
But if we take a closer look at what Jacobs had to say – and how she said it– it becomes clear her ideas remain as radical and important as they were in the 1960s.
This is perhaps no more so than in relation to rise of the “smart city”.
<h2>Smart cities and the rise of a new urban science</h2>
Today’s smart cities are big business, powered by the potential for big data and the internet of things to improve the efficiencies of urban systems. Smart cities offer solutions to improve transport management, make better investment decisions, improve accountability and promote transparent decision-making.
The premise is that with so much data (big data) being produced, planners, governments and researchers can better understand cities as complex systems, and make better decisions about how they are planned and managed. 
This explosion of data in cities – from traffic data, through mobile communications data to sensor data capturing the behaviour of natural systems and the everyday uses of infrastructure assets – is giving rise to a new “urban science”.
This incorporates machine learning, predictive analytics and complexity science. Its champions – such as Mike Batty and Luis Bettencourt – argue that we are starting to see the emergence of Jacobs' “sidewalk ballet” in data-driven form.
But while the rise of big data and smart cities opens up possibilities for cities that were previously unthinkable, we should also be wary of the limitations.
<h2>The fine arts of urban observation</h2>
Jacobs wasn’t simply claiming that cities should be understood as complex systems.
At a perhaps deeper level, Jacobs was arguing against visions of the city over-determined by the technologies that produce them: for LeCorbusier, as for Moses, the view of the city enabled by the innovation of flight helped give rise to new urban utopias like the Radiant City.
In writing Death and Life, Jacobs was also resisting the dominance of expert knowledge about a city, in favour of a democracy of lived experiences and everyday insights. She once reflected that:
"learning and thinking about city streets and the trickiness of city parks launched me into an unexpected treasure hunt."
As a new generation of planners are taught of the possibilities of a data-driven urban science, we need to remember that Jacobs' love of the sidewalk ballet also gave voice to the multiple languages, meanings, experiences and knowledge systems that underpin a vibrant urban culture.
Not all of these can be rendered by data-driven systems. Hopefully, the best insights into a city’s infinite complexity won’t only be produced by those trained with the skills to generate insights from big data.
The “data exhaust” of our daily lives will increasingly shape the way cities are understood. Much work remains to be done to ensure a cities data infrastructure is valued as a fundamental public asset.
But I can hear Jacobs issuing a word of warning: don’t forget to keep taking unexpected treasure hunts through city parks and keep your eyes on the street (not on your phones!). And keep listening out for different lived experiences and ways of knowing a place – not only those that can be rendered real-time as the data flows of complex systems. 
Sarah Barns is Urban Studies Foundation Postdoctoral Research Fellow, Institute for Culture and Society, Western Sydney University and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/sarah-barns-110278" target="_blank">here</a>.
</body></html>

What might Jane Jacobs say about smart cities?

<html><body><div class="cq-article-content-paras section">
Australian wine-maker Brian Croser, founder of Petaluma wines, has sold Maylands Farm on South Australia's Fleurieu Peninsula.
The $6.9 million sale was a strong result for the 735 hectare highlands property near Parawa, according to the Australian Financial Review.
Set about an hour from Adelaide, the buyer is an Australian expat who comes from Adelaide who bought it on a walk-in, walk-out basis.
Selling agent Paul Clifford from Elders Real Estate had the offering with Bernard Booth Real Estate as co-agent. 
Maylands was bought in 2003 by the Croser family who bred lambs from a composite sheep known as TEFRom, which the Crosers introduced to Australia from New Zealand.
</div></body></html>

Brian Croser sells Fleurieu Peninsula farm

<html><body>
The Melton district property which was the home of underworld wife, Roberta Williams in the early 2000s, during the height of Melbourne’s gangland war, has been listed for sale.
<a href="https://www.realestate.com.au/property-house-vic-hillside-122665654" target="_blank">With its notorious past</a> now behind it, 20 John Paul Drive, Hillside has been listed for sale as a family home.
The listing agents actually think its link to Ms Williams, the former wife of late crime figure Carl Williams, could give it a boost when it goes under the hammer next month.
It comes with price expectations of more than $590,000 through Barry Plant Taylors Lakes agent James Hatzimoisis.
The 47-year-old had Dhakota, her only child with convicted murderer and drug trafficker Carl, in 2001 while she owned the house. 
Carl Anthony Williams (13 October 1970 – 19 April 2010) was an Australian convicted murderer and drug trafficker.
The property sold for $280,000 in February 2000 and then to the current owners for $450,000 in October 2003.
The five-bedroom house is larger than most in the Hillside area.
</body></html>

Roberta Williams connection might help Hillside house price

<html><body><div class="cq-article-content-paras section">
Mirvac Group sold the landmark Como Centre in Melbourne, a mixed use asset in South Yarra, for $236.5 million.
Property syndicator Newmark Capital went into due diligence last month on the South Yarra property.
It is a two hectare site on the corner of Toorak Road and Chapel Street.
The property includes 25,700 square metres of A-grade office accommodation,  6,650 square metres of retail, a 111-room hotel and a commercial car park.
It was reported last month the Como Centre in South Yarra attracted the attention of the boutique funds manager Newmark Capital, which is led by Chris Langford, the former star of AFL club Hawthorn.
The group secured the nearby Jam Factory for about $165 million last year from financial services company Challenger.
The Como is a two-hectare site with street frontage to Chapel Street, Toorak Road and River Street.
The property generates more than $14 million of net income from more than 25,000 sqm of office space and 6600 sqm of retail space.
There is a 113-room hotel operated by Accor on a lease expiring in June 2021, with a five-year option.
The centre has a car park for 614 vehicles.
Newmark Capital was founded in 2011.
</div></body></html>

Como Centre, South Yarra sold by Mirvac

<html><body>
AMP is reducing its mortgage lending to most non-resident borrowers.
AMP is blaming the tough policy on "changes to the market" without specifying their nature or extent.
"Our standards are continually reviewed with market developments to ensure we remain a prudent and responsible lender. Our criteria for overseas borrowers has recently been reviewed in line with this objective," AMP said in a statement obtained by the Australian Financial Review.
It follows complaints among other major lenders about fraudulent applications and fears of money laundering.
Major banks are believed to have only between 2 and 4 percent of their portfolios with overseas investors.
Under AMP's policy, revealed in confidential documents being circulated to major third party distributors, foreign currencies are split into Tier 1 and Tier 2 categories.
Under the new arrangements, 80 percent of income and expenses derived from a Tier 1 category is acceptable and 50 percent from a tier 2 when assessing a loan application.
Tier 1 category are Canadian dollars, Euros, British sterling, Hong Kong dollars, Japanese yen, New Zealand dollars, Singapore dollars and US dollars.  
Tier 2 is the Chinese yuan. Borrowers seeking a loan with Chinese yuan must also provide a 50 percent deposit. For borrowers with Tier 1 currencies the maximum deposit is 30 percent.
</body></html>

AMP to make lending to non-residents tougher

<html><body>
At Brighton a record price was paid for a bathing box on Dendy Beach.
The bidding for <a href="https://www.realestate.com.au/property-house-vic-brighton-122566182" target="_blank">bathing box 44</a> kicked off at $275,000, which was just $20,000 short of the prior record set in February.
Two competing locals saw bathing box 44 sell at $307,000, having last sold four decades ago. 
</body></html>

Brighton bathing box hits $307,000 record price

<html><body>
Sydney's finest Spanish mission-style trophy home, Boomerang is for sale with $60 million expectations.
Lindsay Fox, the Melbourne-based billionaire trucking magnate, has held the Elizabeth Bay landmark harbourfront home since 2005, mostly utilised by son Andrew, who heads Linfox's property division.
It was bought for $20 million.
The Billyard Avenue property has been offered quietly through the Ray White Double Bay office who seemingly don't value it as a record setting property anymore.
The Hollywood-style mansion has often been ranked as the most expensive house in the country.
It was the first property to crack the $20 million level.
It was also the first Sydney home to fetch more than $1 million when sold by the <a href="https://www.environment.nsw.gov.au/heritageapp/visit/VisitItemImages.aspx?isAttraction=1&amp;ID=5045596#ad-image-0" target="_blank">original owners in the 1970s.</a>
The Fox family have preserved the home interiors, with the noticeable different outside, having commissioned landscape designer Myles Baldwin gardens on the 4200 sqm estate.
It was built at a cost of 60,000 pounds for music book publisher (Sir) Alexis Albert, who lived there until he died in 1962 with it then being vacant for more than a decade. 
Perth-based developer Warren Anderson owned it from the mid 1980s until 1993, when he was evicted by the Bank of New York and it was sold by the mortgagee to the now jailed fraudster Nati Stoliar for $6.6 million.
Then merchant banker Malcolm Turnbull was interested at the time, underbidding at its 1993 auction, for the home with its majestic Moorish porte cochère, arcaded loggias, oak panelled library with Tudor-style fireplace and its so-called peacock room conservatory.
Australia’s record house price was set last August at $70 million when James and Erica Packer sold their Vaucluse mansion, La Mer to Chinese-Australian businessman Dr Chau Chak Wing.
Victoria's priciest home remains the Spanish Mission Portsea clifftop home, Ilyuka which was sold to the Higgins family at $26 million in 2010 exchange by the former Computershare director Michele O'Halloran.
The 1930s Spanish Mission house, marketed by veteran agents Ross Savas and Gerald Delany, is a sprawling house built for American oil tycoon Harry Cornforth in 1929-30.
 
</body></html>

Boomerang, the $60 million Elizabeth Bay harbourfront offering

<html><body>
Actors Simon Baker and wife Rebecca Rigg are set to offload their North Bondi bolthole now that they own a $6.5 million Bronte home.
Their rooftop apartment is up for sale with expressions of interest with $3.5 million hopes through McGrath agent Ben Collier.
<a href="https://www.domain.com.au/8-206-hastings-parade-north-bondi-nsw-2026-2012833319" target="_blank">Their 250 sqm art deco penthouse</a> on the Ben Buckler headland was purchased in 2014 for $2.63 million.
They had a Will Dangar-designed garden installed on the 125 sqm rooftop terrace from where weekend inspectees saw a whale heading north.
The couple who first met in 1992 on the set of popular soap E Street were no shows when the apartment next door went to recent auction.
Raine &amp; Horne Double Bay selling agent Hannah Bouskali confirmed the buyers as a young married Australian couple who are living overseas.
They paid $2,016,037 for the two bedder with roof access too. 
This article was first published in the Sunday Telegraph.
</body></html>

Actor Simon Baker lists North Bondi beachside bolthole

Apartment buildings are increasingly being designed around how people actually live day to day, not just how they want a building to look.

For buyers, that shift is showing up in practical inclusions that respond to changing habits. Work-from-home spaces, EV charging, wellness amenities, secure bike storage and parcel management are becoming part of the broader apartment conversation, reflecting a move toward buildings that reduce friction in everyday life.

Online shopping has become one of the clearest examples of that change.

Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online. That has made parcel delivery a regular part of apartment living, rather than an occasional inconvenience.

For apartment residents, however, the delivery process can be less straightforward than it is for detached homes. Parcels may be left in lobbies, redirected to Post Offices, missed entirely, or placed under the responsibility of building managers and concierge teams.

That is why secure parcel infrastructure is increasingly being considered alongside more familiar apartment amenities.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/-VjjLwoViX0?si=A3k7ws9NX35Uac7_" title="YouTube video player" width="560"></iframe>

Australia Post Parcel Lockers offer one way to address the issue. When a parcel arrives, residents receive a notification through the AusPost app or SMS, then collect it using a QR code or one-time PIN. The parcel is kept secure, accessible and removed from common areas.

The broader Parcel Locker network now includes more than 1,500 locations across Australia, positioned at Post Offices, shopping centres, supermarkets, transport hubs and other accessible locations.

For new apartment projects, the relevance is clear. A building’s amenity offering is no longer only about lifestyle spaces, but also about convenience, security and functionality.

As buyer expectations evolve, secure parcel delivery is becoming part of the same design conversation as flexible working, sustainable transport and resident wellbeing.

It is one less thing for residents to worry about, and another example of apartment design adapting to the way Australians now live.

Joel Robinson

Apartment design is adapting to the way Australians shop

While school holidays and trips to Europe tend to define the winter property market, there's been no cold snap at <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> in North Sydney.

Developer-builder&nbsp;<a href="https://www.apartments.com.au/developers/aland">ALAND</a> sold more than $35 million worth of apartments throughout June, including a $6.8 million apartment that now ranks among the highest apartment sales ever recorded in North Sydney.

SRM Residential agent Ben Stewart said buyer demand throughout June reflected a mix of improving market confidence and longer-term thinking from owner-occupiers.

"We're seeing strong demand from owner-occupiers who are taking a longer-term view," Stewart said.

"Many recognise the opportunity to secure an apartment in an iconic building and premium location while values remain attractive. They may initially lease the property, but the intention is to eventually move in themselves, rather than purchasing purely as an investment."

[smartcode_project:default project_id=134323 project_image_fid=367129]

Located at 177 Walker Street, The Walden will deliver 161 one, two, three and four-bedroom residences across a 30-storey tower designed by Rothelowman. Every apartment occupies a corner position, maximising natural light, cross ventilation and views across Sydney Harbour, the Opera House, Sydney Heads and the northern districts.

Rather than a traditional balcony, the residences feature winter gardens that seamlessly extend the open plan living areas, creating versatile spaces for relaxing or entertaining throughout the year. Floor-to-ceiling glazing draws in natural light while showcasing sweeping views from the building's elevated Walker Street position.

Every apartment features high-end Calacatta marble, bespoke joinery, and fully integrated appliances.

The larger residences have been planned with distinct entertaining and private zones, with many master suites positioned on corners to capture natural light and harbour views. Walk-in dressing rooms, freestanding baths and refined stone finishes reinforce the house-like feel that has resonated with downsizers and owner-occupiers.

[smartcode_project:default project_id=134323 project_image_fid=6393]

Rothelowman Principal Ben Pomroy said the project was designed to make the most of its unique position overlooking the harbour.

"The Walden is a celebration of all things beautiful, curated for those who expect nothing less than exceptional," Pomroy says.

"Meticulously designed entertaining spaces and light-filled living areas that capitalise on capturing the natural beauty of Sydney's iconic harbour."

Residents will also have exclusive access to The Pavilion, a dedicated amenity building featuring a rooftop pool, wellness studio, gymnasium, sauna, concierge service, residents' lounge, private dining spaces and work-from-home facilities.

[smartcode_project:default project_id=134323 project_image_fid=6402]

The project marks ALAND's first major luxury apartment development in Sydney's inner-city market after more than two decades delivering residential communities across Greater Sydney.

Founder and CEO Andrew Hrsto previously said the rarity of the Walker Street site made it an opportunity the company could not overlook.

"This is a rare opportunity to bring a truly exceptional project to life in one of Sydney's most iconic locations, and to showcase our craftsmanship and design expertise at a world-class level," Hrsto said.

[smartcode_project:default project_id=134323 project_image_fid=6383]

The Walden has been introduced to the market at a time when demand for living in North Sydney is at an all-time high. Billions of dollars have been invested in infrastructure, including the recently opened Victoria Cross Metro station, located just 300 metres from The Walden, providing residents with direct access to the Sydney CBD in just minutes.

Private investment has also transformed the area through the arrival of new retail and dining destinations, elevating the lifestyle offering in what was once considered primarily a commercial precinct rather than an aspirational residential address.

The Walden is currently under construction and is scheduled for completion in 2028.

[smartcode_project_cta:default project_id=134323]

ALAND records $35 million in sales in North Sydney as The Walden bucks quiet winter selling season

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

&nbsp;

Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

First look: ‘Far more than replacing a shopping centre’ as Conquest unveils 736-home Eastlakes redevelopment

Abadeen has lodged a State Significant Development Application (SSDA) for one of Mosman's largest apartment developments in recent years, seeking approval to transform the former Honeysuckle Garden and Midas site on Military Road into a 100-apartment mixed-use development.

The SSDA, lodged with investment partner Phoenix Property Investors, proposes around $230 million worth of new housing on the prominent <a href="https://www.apartments.com.au/new-apartments/494-516-military-road-mosman-nsw-2088">494-516 Military Road</a> site.

The proposal comes as Mosman Council continues to progress its recently endorsed Masterplan, which identifies the precinct for increased housing density while maintaining the suburb's established character.

Designed by DKO Architecture, the development would comprise 100 apartments above ground-floor retail, with a rooftop wellness precinct including a gym, sauna, entertaining areas and landscaped communal spaces.

Rather than pushing to the full 12-storey height identified in Council's Masterplan, the proposal ranges between five and nine storeys, stepping down towards Hale Road. A tenth level would accommodate resident amenities rather than additional apartments.

The project has been designed to appeal to a broad range of buyers, from first home buyers and young professionals through to families and local downsizers looking to remain on the Lower North Shore.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="5dada03f-5b4c-43ba-ba62-2868add31440" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.57.55%E2%80%AFAM.png?VersionId=7LBy0B.Jo8_iWAFJsClcV7Q3UnXrv49r" />

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock.

"The apartments have been designed as genuine long-term homes, with efficient floorplans that maximise usable living areas, generous storage, natural light and strong connections between indoor and outdoor spaces," Brown says."

"We've focused on creating homes for a broad range of buyers, from first home buyers and growing families through to downsizers who want to remain in Mosman."

The rooftop wellness offering forms a key part of the proposal, with residents set to have access to a gym, sauna, outdoor entertaining spaces, communal dining areas, landscaped gardens and a multi-use recreation court overlooking Sydney Harbour.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="d37c2d6b-583a-4a0f-b7a9-9f46b893d2f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.58.06%E2%80%AFAM.png?VersionId=FPoa5FCm2RtzjhAh2w5FTWJbV6GHfY8D" />

DKO drew heavily on the site's natural and cultural history, undertaking a Connecting with Country process with local Aboriginal Elders to inform the architectural and landscape design.

Senior Associate Matthew Ritchard said the design sought to create a building that responded to both the site's landscape and its cultural significance.

"The architectural language of the project is a deep expression of Connecting with Country, where the materiality and colour palette serve as a bridge between the site's geological history and its future as a residential sanctuary."

The proposal also retains the site's established blue gum tree as the centrepiece of the communal landscaped gardens, while introducing activated retail fronting Military Road to strengthen the connection between Mosman and Cremorne villages.

If approved, the project would deliver 100 new homes within walking distance of shops, public transport, schools and local amenities, adding to the limited pipeline of new apartments on the Lower North Shore.

<h2>Project Snapshot</h2>

Project: Honeysuckle Garden Redevelopment

Address: 494-516 Military Road, Mosman

Developer: Abadeen and Phoenix Property Investors

Architect: DKO Architecture

Lead Architect: Matthew Ritchard

Value: $230 million

Residences: 100 apartments

Key features:

<ul>
	<li>
	Ground-floor retail
	</li>
	<li>
	Rooftop wellness precinct
	</li>
	<li>
	Gym and sauna
	</li>
	<li>
	Outdoor entertaining and BBQ areas
	</li>
	<li>
	Landscaped communal gardens
	</li>
	<li>
	Multi-use recreation court
	</li>
	<li>
	Retained mature blue gum tree
	</li>
	<li>
	Connecting with Country design process
	</li>
	<li>
	Harbour, CBD and Balmoral views from upper-level apartments
	</li>
</ul>

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock

First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman

The wave of apartment proposals sweeping through Mosman shows no signs of slowing, with another major residential development lodged through the NSW Government's State Significant Development pathway.

Developer First Quadrant Properties, which recently completed Willoughby Grounds and has several projects in planning across the North Shore, has unveiled plans for a 63-apartment development on Ourimbah Road, adding to the growing pipeline of projects reshaping one of Sydney's most tightly held harbour suburbs.

The proposal would consolidate nine properties at 40-56 Ourimbah Road into a part eight, part nine-storey apartment building, continuing the momentum created by the NSW Government's accelerated planning pathways that have seen several significant developments emerge across Mosman over the past 12 months.

Designed by Doroch Architects, the project would deliver 63 apartments, resident wellness facilities including a gym, pool and sauna, landscaped communal spaces and basement parking, while using recessed upper levels, generous setbacks and extensive planting to reduce the perceived scale of the building.

<img alt="First look: First Quadrant Properties eyes nine-storey Mosman apartment project under State Significant pathway" data-entity-type="file" data-entity-uuid="32ee68e4-141e-4a10-8f83-48e961a5e71e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ourimbah%20Road%2C%20Mosman%20a.png?VersionId=CUeILFc6APlwXPc.iplElbxHvREKwjig" />

Doroch Architects said the building had been designed to reinforce Mosman's established character.

"The building's aesthetic is grounded in the existing residential character of Ourimbah Road and the broader Mosman context," the architect noted in the planning documents submitted to the NSW Government.

The design adopts a contemporary material palette of natural stone, textured concrete and brown concave metal cladding, complemented by integrated planters and deep balconies. The podium incorporates softened curved concrete forms, while increased setbacks have been provided adjacent to the heritage-listed property at 60 Ourimbah Road to create a more sympathetic transition.

The site sits around 330 metres from Mosman Town Centre, placing it within the NSW Government's Low and Mid-Rise Housing policy area, where increased residential density is being encouraged close to shops, transport and services.

The proposal follows a string of major apartment projects lodged or declared State Significant in Mosman in recent months, including Abadeen's 100-apartment Honeysuckle Garden redevelopment on Military Road and several other developments across Awaba Street, Redan Street and Muston Street from the likes of Time &amp; Place, HELM and Prosker Property.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Time &amp; Place to take on Mosman apartment market</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/first-look-abadeen-plans-100-apartments-on-former-honeysuckle-garden-site-in-mosman">First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman</a>

Jonathan Chancellor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News