<html><body><div class="article__content">
<div class="parsys parsys-article-content-top">
<div class="cq-article-content-paras section">
East coast residential developer Sunland reported a dip in net profit to $3.2 million but has reconfirmed full-year earnings of up to $29 million, given anticipated second-half property settlements.
Sunland managing director Sahba Abedian said he had also noticed a cyclical pull-back in bank lending for new properties.
"I do feel there is some adjustment taking place where banks are becoming more stringent on their lending, and that is in respect to lending to developers as well," Mr Abedian said. 
"I think it is partly regulation, but I also feel they have a view to the cycle," the Australian Financial Review reported.
"Despite the prevailing headwinds, we continue to see opportunities in specific market segments in Brisbane, the Gold Coast and Sydney's northern beaches, and our recent acquisitions in these locations are expected to contribute to earnings growth in the short to medium term."
Sunland has a total of 855 contracts on hand with a combined value of $663 million, with an estimated 380 settlements during the second half of the year.
He said a sustained focus on operational efficiencies enabled the group to achieve an average return on development of 25 per cent, above a target of 20 per cent.
 
</div>
</div>
</div></body></html>

jchancellor-FAypfDUnLy

Sunland secures 25 percent returns on its residential development

<html><body>
A $488,000 sale of a two bedroom fibro on 600 sqm at Bradbury was the cheapest among recent weekend auctions.
Selling to an investor, it suggested the headlines around the negative gearing policy debate had failed to unnerve strong buying interest.
Some four of the five registered parties were investors.
But it's selling agent Russell Wyer from Richardson &amp; Wrench Campbelltown suggested the investor interest was more likely to be directed towards the prospect of positive gearing than negative gearing.
He thought the acquisition lent itself to the addition of a granny flat in its vast back yard on <a href="https://www.domain.com.au/15-bland-street-bradbury-nsw-2560-2012550475" target="_blank">Bland Street</a>.
He envisaged a doubling in rental income to around $650 a week after the $100,000 plus outlay on the granny flat.
The pursuit of positive gearing by many conservative investors has been somewhat overlooked in the debate that has followed the unveiling of the federal opposition's policy to restrict negative gearing to new properties and raise the tax on any sale.
There's complexity around the investment terms and ofcourse it’s not the property that determines whether an investment is negative or positive. 
What is a positively geared property for one could be a negatively geared one for another, due to different income tax circumstances.
Basically a property with negative cashflow means the rental income does not cover all the outgoing costs, so this loss helps reduce a person’s overall tax liability.
The gearing aspect means that the property has been bought using finance with the loan repayments adding to the outgoings.
Leaving personal tax considerations aside, negatively geared property is a loss making situation.
But the investor's expectation is for the value of the property to increase to cover the annual losses.
And they might also anticipate future rental income will increase sufficiently to cover the losses.
The big risk with a negatively geared property is that its value may not increase sufficiently to cover the loss especially if interest rates rise.
There’s also now the prospect raised by Labor of hiking the tax on any capital gains.
According to property research and investment firm Aviate Group managing director Neil Smoli it typically takes five to six years for an investment property to become neutral, that is, for the rent received to balance the interest payable.
"This is influenced by the interest rate of the day, the net rental income received after costs, the investor’s marginal tax rate as well as depreciation allowances,” he said.
He argues any reform should take a long-term view and classify ‘new’ stock as any property up to 10 years old so as not to pull the rug from under the feet of investors abruptly.
“A timeline of this duration for the investor to be able to use negative gearing seems logical and fair.”
This article was first published in the Saturday Daily Telegraph.
</body></html>

Positive gearing the prospect with granny flat on Bland Street, Bradbury

<html><body>
Leading mutual lender, Teachers Mutual Bank intends to merge with the NSW-based Fire Brigades Employees’ Credit Union. 
The boards of Fire Brigades Employees Credit Union (FBECU) and Teachers Mutual Bank have signed a memorandum of understanding.
FBECU has over 7,400 members and more than $215 million in assets. Teachers Mutual Bank was established in 1966, now with over 160,000 members and $4.5 billion in assets.
</body></html>

Teachers Mutual Bank to merge with Fire Brigades Employees' Credit Union

<html><body>
Li Ruipeng, the Chinese businessman on the run from authorities in China and at the centre of a luxury watch gifting scandal in Canberra, has been hiding out on the Gold Coast, according to the Australian Financial Review.
Mr Li, whose instant noodle and property company owes millions of dollars to suppliers, staff and money lenders across China, is also in legal trouble in Australia, was in Australia as recently as last week.
Court documents show Mr Li is involved in 27 legal disputes on the mainland, owes creditors at least $30 million and is being investigated for illegal fundraising.
Mr Li often boasted of his political connections in Australia. He displayed photographs of these contacts in his office, including the now infamous shot of him in June 2013 with ousted human services minister Stuart Robert, former Australian prime minister and then opposition leader Tony Abbott and Ian Macfarlane, who at the time was opposition industry spokesman.
At the dinner Mr Li gave all MPs, as well as the wives of Mr Abbott and Mr Robert, designer watches. They were initially accepted, assumed to be fakes, but later returned.
Greg Roberts, compliance manager at Wealthcare Custodians, is taking legal action against the Chinese businessman.
Wealthcare, which was set up in 2005, had hoped to leverage Mr Li's contacts and build up a business providing advice to wealthy Chinese investors, particularly those looking to take part in the Significant Investor Visa program.
Sydney firm Wealthcare Custodians Limited confirmed it was taking legal action against its former chairman after he disappeared last year owing almost $300,000.
Wealthcare offer the investor the ability to consider a number of investment options; from the safety of bank and foreign exchange accounts over the major universal currencies, as well as a more actively managed growth fund. 
The growth fund offers a range of diversified, actively managed property and manufacturing opportunities, spread over rural, residential, retail, commercial, industrial, tourism and infrastructure sectors. Of particular focus are the areas of hospitals, aged care facilities and educational facilities in areas of need around Australia.
Its Australasian Infrastructure Trust was specifically designed and created to enable high net worth Chinese investors and their families around the world, to avail themselves of the Australian Federal Government’s Significant Investor Visa (SIV), which allows qualifying participants to apply for permanent residency in Australia.
</body></html>

Chinese Rolex giver being pursued by Wealthcare

<html><body>
Singer songwriter Melissa Higgins has sold her warehouse conversion in Melbourne's Abbotsford.
The red-brick residence has three bedrooms, two bathrooms, a study and an outdoor entertaining terrace.
Architecturally designed, the converted warehouse has maintained original features such as high herringbone ceilings and exposed Oregon pillars.
Higgins bought the property for $1.825 million in 2012. More than $2.1 million was expected.
<a href="https://kayburton.com.au/properties/view/353449-21a-mollison-street-abbotsford-3067-sale" target="_blank">Expressions of interest</a> were set to close through Kay &amp; Burton listing agent Sarah Case on February 29.
</body></html>

Melissa 'Missy' Higgins has sold her Abbotsford warehouse conversion

<html><body>
Residential developer Peet Group announced an operating profit after tax for the half-year ended 31 December 2015 of $18.5 million – an 8% increase over the the previous corresponding period.
The national group’s managing director and chief executive officer, Brendan Gore, said the Group had achieved a good half-year performance that reflected the supportive conditions across the group’s key east coast markets, in particular Victoria and ACT/ New South Wales.
“The strong result was driven by price growth across the Victorian land portfolio as well as the group’s continued focus on operational efficiencies.
“It confirms that the ongoing disciplined implementation of our strategy is delivering improved operating performance, and underlines the benefits of Peet’s diverse national portfolio.has a record number of contracts in hand as the buoyant east coast markets helped it to an 8 per cent lift in its 2016 interim profit."
Headquartered in Perth, the listed developer's strength is its national portfolio with weakness still in WA. 
By the end of December last year, the developer had 2,318 contracts on hand with a gross value of $523 million.
That stockpile compares with the 2,061 contracts Peet had accumulated by the end of June last year, with a gross value of $441 million.
Peet has progressed preparations for the launch of sales at Flagstone in South East Queensland, and is also currently preparing to launch its next retail syndicate opportunity in Victoria.
As at 31 December 2015, the group’s gearing was 30.6%, following the acquisition of a 123-hectare developing residential estate in Tarneit (Vic) in December 2015, with settlement to occur over three years.
This acquisition followed the Group’s sale of its Arena residential estate in Greenvale (Vic) for $93.1 million with the settlement of that property also to occur in instalments over three years.
Part of the proceeds from this sale have been redeployed to fund the acquisition of Tarneit at a substantially lower cost base than the Greenvale land.
"“Conditions across Victoria, New South Wales/ ACT and South Australia are expected to remain supportive, while Western Australia and Northern Territory are expected to remain subdued through the 2016 calendar year,” said Mr Gore.
“Activity in the Queensland residential market continues to improve due to its relative affordability, which has seen a recovery in interstate migration.
"This market recovery is expected to support the launch of the Group’s 12,000-lot Flagstone project in 2H16.
</body></html>

Peet sees Queensland recovery as interstate migration pickup

<html><body>
Jack Ma, China's second richest person and founder of multi-billion dollar online retailer Alibaba, has become the latest Chinese investor to buy a Bordeaux wine estate with Château de Sours.
The Decanter website reported Château de Sours in Bordeaux is a prodcuer of red, white and rosé wines.
A price was not disclosed.
Ma joins a growing list of Chinese investors in Bordeaux and becomes one of the highest profile château buyers in the French wine region. 
Dating back to 1785, it seems Ma wishes to create ‘a mini Versailles in Entre deux Mers’.
Ma, who is good friends with fellow Chinese owner Zhao Wei, is reportedly planning a central administration centre for their Bordeaux assets.
This will run their individually-owned properties together so as to leverage economies of scale. The group are also reportedly planning to buy estates in California, Italy, New Zealand and Australia, Decanter report.
</body></html>

Australia on shopping list as Bordeaux winery bought by Alibaba's Jack Mar

<html><body><div class="rui-grid rui-header-container">
Internationally acclaimed Australian filmmakers Baz Luhrmann and Catherine Martin have seemingly found a buyer for their Darlinghurst mansion, Iona finally.
It was listed for sale for $16 million last July.
Sydney Sotheby's International Realty took the property listing down from the realestate.com.au website late last week, though would not confirm any sale details.
Iona is set to shortly host the Silver Committee fundraiser for the Sydney Children's Hospital.
Originally built for pastoralist Edward Chisholm, it is understood the landmark property has been bought by a Sydney buyer.
It was marketed as "a once in a lifetime opportunity to possess a heritage masterpiece."
The couple, along with their two children, spend much of their time in New York so will now look for a smaller Sydney home and office as Iona is also the headquarters of Luhrmann’s production company Bazmark.
"As we have been spending shorter periods of time in Australia and are more full time in New York, our priorities centre around a settled school life for our children," said the couple in a statement on its listing in mid-2015.
The Italianate late 1880s trophy home is listed on the State Heritage Register.
The nine-bedroom home sits on a 2700 square metre block in the centre of Darlinghurst.
Surrounded by established gardens, the 2700 sqm property also features a pool. 
Luhrmann and Martin had rented Iona for nine years before purchasing it in 2006 for $10 million from Ian Gowrie-Smith.
The home was lovingly restored by costume and production designer Martin and features her own wallpapers and carpet designs throughout.
This article was first published in the Sunday Telegraph.
</div></body></html>

Iona, Darlinghurst sold by Baz Luhrmann for near $16 million asking price

<html><body>
Property website onthehouse.com.au is set to be shut down April after its board ended negotiations with realestateVIEW just before contracts were due to be signed. 
Onthehouse had pursued a joint venture with realestateVIEW.com.au which they said had more value than a Macquarie Group-led takeover bid that was rejected in January this year. 
"I was extremely surprised they had changed their mind and I'm disappointed we've wasted the last two months of due diligence and expenses," realestateVIEW managing director Enzo Raimondo told The Australian Financial Review. 
"In the absence of a sale agreement for the Onthehouse.com.au and media businesses, they will be closed by April 2016 at an estimated closure cost of circa $1.7 million," the ontheouse company said in a statement to the ASX. 
No white knight has emerged, but industry players could be interested at a distressed sale price.
The website's assets will be written down to zero resulting in an impairment charge of $3.2 million. Residex will be retained in the envisaged restructure, forecast to deliver revenues of more than $2 million in FY16 and to operate at a break even position going forward.
In the absence of a sale agreement for the Onthehouse.com.au and media businesses, they will be closed by April 2016 at an estimated closure cost of circa $1.7 million. 
"Now we need to focus on our software business and invest in it to create new opportunities around revenue and market share," chief executive Chris Meehan said. 
"You can't continue to invest in something that is consuming $4 million in cash."
The real estate software business group's first-half revenue fell  3 per cent to $12.7 million from $13 million a year earlier. "The rebuild of the Console SaaS platform is an important element of RES’s overall strategy to increase its share of the real estate software market and develop new revenue opportunities through third party integrations," it advised.
Onthehouse was in advanced negotiations to form a joint venture that would combine the company’s consumer-centric portal (onthehouse.com.au) with real estate industry owned portal (realestateview.com.au.
It claimed the joint venture would create a significant third tier competitor in the Australian real estate portal market, with greater scale across both consumer audience and revenue, and is expected to be immediately profitable.
Chris Meehan anticipated the new business would have well over two million unique browsers per month, and around 75% of sale and rental listings.
"This joint venture would be a natural evolution for Onthehouse’s Consumer Online division.
Enzo Raimondo, RealestateVIEW’s managing director, said Onthehouse.com.au provided a strong strategic fit with RealestateVIEW.
It was last June when Onthehouse Holdings announced it was looking for a joint venture partner to assumed majority ownership of its consumer online division, the platform providing free access to property sale prices and estimated home values on most properties in Australia.
A strategic review of the company following months of internal company turmoil had resolved to keep and concentrate on its real estate solutions division that provides software tools for real estate agents, other property professionals and financial institutions through Console and Real Estate Ad Network. 
It conclusions reached by the board have been touted as avoiding the need to raise capital and dilute the current shareholding, or obtain debt funding.
The board told shareholders the business had "significant intrinsic value that is not currently recognised by the market."
Its COD was set to be developed in a non-listed JV vehicle in which OTH Holdings would maintain an interest, of between 30% and 49%.
The board anticipated JV partners could be one or several of the following:
<ol>
<li>Like businesses that can add experience, technology or other industry assets etc. to the venture; and/or,</li>
<li>Venture capital investors or other funders.</li>
</ol>
"The board believes significant value can be created in this structure without the responsibility of funding the COD business.
"The search for appropriate JV partners has commenced and OTH is currently in discussion with a number of parties," chairman Tony Scotton told shareholders mid last year.
The board expected that the separation strategy would take six months to execute. 
</body></html>

Onthehouse set to be closed after realestateview merger deal abandoned

<html><body>
The pioneering winemaking family Kim and Frances Moginie are retiring some three decades after establishing Joadja Winery in the NSW Southern Highlands.
They will shortly be handing over the reigns of the vineyard and boutique winery to young wine enthusiasts Matt Toomey and Siobhan Maloy and the extended Maloy family. 
Joadja Winery, which was the first grape grower and wine producer in the cool climate wine region of the Southern Highlands, sold last week
On offer was the 8.5 hectares property which has produced wines awarded 4.5 stars by wine expert James Halliday. 
It has 50 tonne crush capacity winery and modern laboratory and barrel storage equipment along with a lovely stone, timber and glass cellar door with wood fire.
With regional characteristics of cool climate, 900 mm rainfall and high altitude, both white and red wines have been produced. Some 15 acres of the 21 acres are under vine.
The white varieties; Sauvignon Blanc, Pinot Gris (Pinot Grigio) and Chardonnay, and the red varieties grown included Cabernet Sauvignon and Malbec. 
Marketed by Colliers International with potential for further development (STCA) through tourism and agriculture, it is located on the door step to the village of Berrima.
This article was first published in the Sunday Telegraph.
</body></html>

Oldest Joadja vineyard sold in NSW Southern Highlands 

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Jonathan Chancellor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News