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Estate agent Anthony Brancatella has pleaded guilty to misappropriation.
The amount totalled almost $2 million across 62 breaches.
The former director of the McDonald Real Estate franchise in Mulgrave pleaded guilty to 62 charges relating to fraudulently converting money he obtained from property deals.
The Victorian County Court heard Mr Brancatella cashed cheques from trust accounts where sale deposits were held for vendors, putting the money back into the firm’s business account.
The Herald Sun reported he also misappropriated deposits by never placing them into the trust account, often using them to pay off renovations to his own house, staff wages, and debts owed to other clients.
Prosecutor Daniel Porceddu said Mr Brancatella had defrauded clients of a total of $1,999,920, of which $508,000 was repaid via claims to the Victorian Property Fund, and almost $400,000 was repaid by the Brancatella.
Several victim impact statements were read out during the plea hearing which continues.
The offences occurred between December 2011 and June 2014.
The Brancatella franchise company was placed into external administration in the wake of the CAV investigation.
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jchancellor-FAypfDUnLy

Musgrave estate agent pleads guilty to misappropriation

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February auction clearance rates are almost always much stronger than where December left off. But the extraordinary stock market turmoil we've seen so far this year has the potential to un-nerve the Sydney property market at least in the short term.
It is possible that the optimistic outlook that typically starts most years may not fully emerge - and even the wet deluge that dominated the holiday break could undermine the psyche necessary to secure a healthier auction start. Or at least delay listings given the odd jobs to spruce the home up for sale were put off.
We could be nervous and grumpy this February.
Ofcourse December auctions results didn't finish up that flash with a 53 per cent clearance rate.
The fatigued market saw the success rate fall over most of the spring selling season and then into early summer.
Last year February there was an 83 percent opening success rate which was well up on the December 2014 close of 69 per cent.
There have been even bigger rebounds in recent times as February 2013 had a 63 per cent success rate as against the 49 percent in December 2012.
Confident starts after the summer break are no guarantee that the year doesn't deteriorate into tougher market conditions.
And I think that will happen this year, with the early bird vendor getting the best offers before the predictable pre-Easter overload.
This is not to say 2016 won't be a healthy market. But we are not going to see prices skyrocketing month after month across all of Sydney.
We will even see in some suburbs where the inferior house down the street fetched a better price last year than the better home up for auction this year because the mood has shifted from crazy to cautious.
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<div>The RBA governor Glenn Stevens wasn't wrong in June last year when he suggested some crazy prices were being paid. </div>
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<div>After consecutive 15 percent plus price growth years, the Sydney housing market gained 11.5 percent during 2016, according to Core Logic RP Data. </div>
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<div>But Sydney was the weakest performer of any capital city, with dwelling values down by 2.3 percent during the December quarter. Houses at a $935,000 median and units at $676,000.</div>
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<div>But home buyers are still substantially wealthier from housing in Sydney.</div>
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In dollar terms, Sydney home owners saw $82,000 added to their wealth during 2015. And $227,000 in the growth cycle since the end of the global financial crisis in early 2009.
When deciding just how to list your home this year, best ask your prospective listing agents not only how they went late last year but contrast their results against the overall suburban trend.
It was interesting to see CoreLogic RP Data note while Sydney’s auction clearance rate over the December quarter was 59 percent there were pockets of the Sydney market where clearance rate performance sits much stronger than the broader market.
For instance the eastern suburbs came in with the highest clearance rate at almost 75 percent, followed by the inner south and inner west at 67 percent. But Blacktown and Parramatta were in the low 40s.
BradfieldCleary director and auctioneer Bob Guth said that in his view the best time to market eastern suburbs real estate is February when there is less competition from other homes and apartments and this often leads to the best under-the-hammer results.
His eastern suburbs Sydney agency has its first eight auction scheduled for next week, so it will be interesting to see how they go.
This article was first published in the Saturday Daily Telegraph.
 
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Sydney February auctions to test the always better than December precedent

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The NSW 2016 auction season kicks off with plenty of unsold property left over from last year's unsold private treaty and auction stock.
Sydney currently has over 17,000 properties for sale - around 16 per cent up on the same time last year, according to CoreLogic RP Data.
The year ended on a 53 percent December clearance rate, with some late 2015 auction vendors six weeks on still to secure offers close enough to their desired asking price.
However new vendors are yet to swamp the market as just 3,300 fresh listings have been posted over the past four weeks. That's down around six percent.
There have been just a few dozen early bird January auction listings, with clearance rates bouncing back a bit.
There were 19 for auction on Saturday January 10, then last Saturday, January 17 there were 12 on offer across the state with agents selling 63 per cent including an $1.22 million two bedroom unit in Clovelly.
Last weekend the numbers bumped up to 82.
Last year around 30 per cent of all properties sold via auction.
But Sydney's overall clearance rates plummeted towards the end of last year from the 82 per cent March record.
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Sydney up 16 per cent on last January's listings 

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Rental growth across the capital cities over the past twelve months has reduced further, with dwelling rents unchanged over the year. 
According to CoreLogic RP Data's Tim Lawless, with a rental series that extends back to 1996, these are the weakest rental markets conditions ever seen. 
“In fact there hasn’t previously been a twelve month period when rents didn’t rise across our combined capitals index.” he says. 
Darwin and Perth are dragging the broader capital cities’ rental indicators down with weekly rents down 13.4% over the past year in Darwin and 8.6% lower in Perth. 
Dwelling rents were also down in Brisbane (-0.7%) and Adelaide (-0.4%). 
The largest rental increases were in Sydney and Melbourne where weekly rents rose 1.4% higher, and 2.1% higher respectively over the past twelve months. 
Mr Lawless said with dwelling values rising substantially more than rents in Sydney and Melbourne, this ongoing effect has created a compression in gross rental yields to the extent that gross yields in these cities are now only marginally higher than record lows.”
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Weakest rental conditions for decades: Core Logic RP Data

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Sydney vendors secured a 45.2% clearance rate from a total of 59 auctions for the week ending January 31, according to CoreLogic RP Data.
Melbourne's clearance rate sat at 71.3% from a total of 151 auctions.
Brisbane had a 50% clearance rate from a total of 60 auctions and Perth 55.6% from 29 auctions.
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Sydney secures 45.2% clearance rate, Melbourne 71.3%: CoreLogic RP Data

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Dwelling values across Australia’s capital cities were 0.9% higher in January driven partially by a small rebound in Sydney and Melbourne.
The recent growth conditions have pushed the Melbourne market into first place for annual growth in dwelling values with an 11% rise compared with Sydney where values are 10.5% higher over the past twelve months.
But both major capitals are down over the quarter.
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According to the January 2016 CoreLogic RP Data Hedonic Home Value Index results released today, dwelling values across Australia’s combined capital cities showed a 0.9 per cent rise in January after recording no change in December and a 1.5 per cent drop in November. 
CoreLogic RP Data head of research Tim Lawless noted this month on month rise wasn’t quite enough to pull the rolling quarterly rate of growth back into the black, with capital city dwelling values remaining 0.6% lower over the past three months.
Hobart led the monthly figures with a 4.7% jump in values, followed by Melbourne where values were 2.5% higher and Canberra with a 2.8% lift.
Sydney values also showed a rise of 0.5%, while the remaining four capital cities showed dwelling values to be either flat or down.
The rolling quarterly trend was looking similarly diverse, with four of Australia’s eight capital cities recording negative dwelling value movements over the past three months, with Sydney dwelling values showing the largest fall, down 2.1 per cent. Values are down over the rolling quarter in Darwin (-1.4%), Adelaide (-0.9%) and Melbourne (-0.1%) as well.
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The strongest growth in home values over the quarter across the capital cities was found in Hobart with a 3% capital gain.
Despite recording the largest annual decline in home values (-4.1%), Perth dwelling values posted a 1.7 per cent rise over the three months to the end of January.
Other capital cities to record a rise over the rolling quarter were Brisbane (+0.8%) and Canberra (+1.2%).
Over the past twelve months, capital city dwelling values have risen by 7.4% with Sydney’s capital gains of 10.5% no longer the highest annual rate across the capitals.
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“While still a high rate of annual growth, Sydney’s annual rate of capital gain is now at a 29 month low and has been progressively softening since peaking at 18.4% in July last year,” Mr Lawless said.
“Melbourne’s housing market has been more resilient to slowing growth conditions which has propelled the annual growth rate to the highest of any capital city, with dwelling values 11.0% higher over the past twelve months.
 
"Previously, during the height of the growth phase, there was a large separation between Sydney’s housing market, which was streaking ahead, and Melbourne’s, where the rate of capital gain was substantial but still well below the heights being recorded in Sydney.
"Over the past six months, the performance gap between Sydney and Melbourne is stark.
"Sydney dwelling values have reduced by 0.6 percent between July last year and the end of January 2016, compared with a 3.0 percent rise across Melbourne dwelling values.
"The last six months have also seen both Brisbane and Canberra dwelling values rise by 2.0 percent while Hobart values are 1.3 percent higher and Adelaide dwelling values have been virtually flat with a 0.1 percent rise,” Mr Lawless said. 
 
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Move over Sydney, Melbourne takes over as the best performing capital city 

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A bathing box on Brighton’s foreshore has sold for a record $285,000.
<a href="https://www.realestate.com.au/property-house-vic-brighton-121606234" target="_blank">It was one of two newly built Dendy Beach boxes</a> – 76E and 76F – to go under the hammer at weekend auction through Hodges.
There were four bidders for the bathing box. 
Both were constructed by council in December.
Their prices bettered the previous benchmark of $260,000, set in 2011.
Brighton local Walter Gibson, 87, and his wife Helen, 85, have been locals for 60 years, but told The Age they only decided three days prior to buy the record-breaking box, 76E.
<img class="attachment-full" src="https://static.domain.com.au/domainblog/uploads/2016/01/30154208/2_gmhnbg.jpg" alt="Record sales: 76E and 76F Beach Box, Dendy Beach Brighton" width="747" height="422">
It is set to be enjoyed by their 16 grandchildren.
Neighbouring box 76F sold for $280,000 to another local family.
Only Bayside City Council residents are eligible to own a Dendy Beach box.
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Brighton bathing box sells to locals at record $285,000

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Historic Wavendon at 100 Walsh Street, South Yarra has been sold for around $18 million.
But the official selling price and buyer have yet to emerge.
It has had a who's who of former owners including film director Fred Schepisi and golfing champion Peter Thomson. The property has also been home to former CRA Ltd managing director Sir Roderick Carnegie and businessman Robert Kirby.
A purchaser’s caveat has been lodged on its title by a recently established nominee company, Lansell Nominees through the Malvern accountancy firm, Ibbotson &amp; Moscatelli. There are no details on its beneficial owner.
Greg Hargrave of the Skilled Group listed last May the grand gothic mansion <a href="/news/time-ripe-for-record-south-yarra-walsh-streets-wavendon">at 100 Walsh Street reportedly came with hefty price expectations</a>. 
The Age suggested Wavendon came with $24 million record setting prospects, though these were never confirmed by the listing agency. Later $18 million plus was being suggested, according to CoreLogic RP Data. 
The land at 100 Walsh St was first occupied in 1845 by Baron von Mueller, the German-Australian physician and botanist who designed the nearby Royal Botanic Gardens.
The five bedroom 1888 mansion is surrounded by lush subtropical gardens, with a tennis court and a pool.
Businessman Greg Hargrave, of the Skilled Group, bought the tri-level Walsh Street home from Schepisi in November 2006 for $11,250,000 in an off-market deal.
Its subsequent contemporary renovation was undertaken by the designer Don McQualter, of Sydney-based firm Meacham Nockles McQualter.
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Greg Hargrave sells South Yarra trophy home, Wavendon

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Chinese group Union Agriculture has paid $11 million for Kyabra Station, the 5200 hectare sheep and cattle-breeding Kentucky property north of Tamworth.
Union Agriculture previously paid $13.8 million for 4500 hectares of farmland at Galong and Binalong in southern NSW and $7 million for 2840 hectares in Greg Greg east of Wodonga.
The property was bought in 1995 by the Lytton-Hitchins family from T.A. Field Estates, when it was known as Standbye Station.
The property has 93 paddocks and an international reputation for its superfine wool.
The New England district was listed by Meares and Associates of Sydney and Landmark Harcourts Armidale,
They marketed Kyabra Station as a highly regarded superfine wool property, having produced 1PP bales and a top wool price of $22,200 for 2 bales of 14 mic wool, a rare feat. 
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Chinese buy New England farm, Kyabra Station

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Billionaire Harry Triguboff's Meriton Group has made its first apartment site purchase in almost a year, paying around $67 million for the property at Mascot near the airport.
It has development approval for 242 units and the potential to increase it to 299.
The 671- 683 Gardeners Road site is adjacent to Meriton's Mascot Central development on Kent Road.
The property was sold with a short-term leaseback to the vendor Jewel Fine Foods. Jewel bought 683 in 2004 at $2.79 million from the Townson Property Group, then 671 in 2010 for $7.5 million having traded at $7.6 million five years earlier. 
The Australian Financial Review advise the sale was negotiated by Meriton's group acquisitions manager Angelo Mantsis and Colliers International's James Bellew and William Gathercole.
His last known purchase was in April last year with $90 million for the six hectare balance of British American Tobacco’s Pagewood property.
C
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Harry Triguboff buys a Mascot site for $67 million

Brisbane-based developer <a href="https://www.apartments.com.au/developers/azure">Azure</a> is has been greenlit for its $115 million residential project within the Gold Coast Health and Knowledge Precinct in Southport

Following the acquisition of the site at <a href="https://www.apartments.com.au/new-townhouses/1-clarke-street-southport-qld-4215">1 Clarke Street</a> in October 2025 with development application Lodgement in January 2026, Azure has been granted approval for the 114 terraces which will form the final stage of the wider Lumina development.

“It’s a fantastic milestone for us to receive the green light on our second Gold Coast project,” said Trent Keirnan, Founder of Azure.

“The Gold Coast continues to evolve, with demand for considered, high-quality residences at an all-time high. This project has been thoughtfully shaped to respond to that demand.

“We’ve worked closely with Economic Development Queensland to bring this project forward, and the collaboration has been both proactive and highly considered. Their shared commitment to quality housing outcomes has enabled a streamlined approvals process and a strong result for the precinct.”&nbsp;

Appealing to a wide demographic, the project will deliver a range of two- and three-storey designs comprising a collection of three-bedroom terrace homes as well as one- and two-bedroom apartment-style residences. The designs by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>&nbsp;focus on&nbsp;“urban coastalism”.

Residents will have access to an array of lifestyle amenities, including a resort-style pool with multiple lounging zones and landscaped gardens.

The residential offering will support the thriving Health and Knowledge Precinct, which includes Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital and the new RDX Lumina and Proxima Towers, which are home to a range of health, education and research tenancies, including a 200-place childcare centre.

Azure aims for an off-market release for the project in the third quarter of this year, at the same time as construction is anticipated to start.

Joel Robinson

Azure approved for new townhouse development in Southport

Fortis has secured approval for a 57-room hotel at Richmond Square, marking another milestone in the delivery of the $330 million mixed-use precinct in Melbourne's inner east.

The hotel will occupy Levels 1 and 2 of Carmine House and forms part of Fortis' vision for Richmond Square, a precinct that will bring together apartments, hospitality, wellness and lifestyle offerings between Richmond and Cremorne.

Once complete, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> will comprise 107 residences across Wiltshire House and Carmine House, alongside the hotel, hospitality venues, wellness facilities and a range of services aimed at both residents and visitors.

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The approval adds another layer to what Fortis is creating at Richmond Square, as developers increasingly look beyond standalone apartment buildings and towards mixed-use precincts that provide amenity and activation beyond the front door.

Jordan Winada, Head of Acquisitions (Commercial) Victoria at Fortis, said the approval was an important step in delivering the broader vision for the project.

"Richmond Square has always been about creating a destination rather than simply delivering residential apartments," Winada said.

"As buyer expectations continue to evolve, we're seeing increasing demand for developments that offer convenience, connection and access to high-quality experiences and amenity as part of everyday life.

"The hotel approval allows us to further realise that vision and create a precinct where residential living is complemented by hospitality, services and amenity in a way that is rarely seen in Melbourne's CBD and city fringe."

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The hotel will also support a range of optional services for residents of Carmine House, including housekeeping and linen refresh programs, laundry and dry-cleaning services, in-residence food and beverage delivery, grocery and pantry stocking services, and concierge assistance.

The approval comes as owner-occupiers continue to dominate Australia's new apartment market, with buyers increasingly seeking developments that offer convenience, flexibility and lifestyle amenity alongside their homes.

Winada said buyers are now placing greater emphasis on the broader precinct and surrounding amenity when making purchasing decisions.

"Residential amenity is no longer limited to what sits within an apartment building. Buyers are increasingly assessing the broader lifestyle ecosystem surrounding their home and the ways in which a precinct can support their day-to-day needs.

"Richmond Square has been designed to provide that experience through a carefully curated mix of residential, hospitality and lifestyle offerings that work together to create a more connected way of living."

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The hotel is expected to open in early 2027, with the operator to be announced later this year.

Further hospitality, retail and lifestyle tenants are also expected to be revealed in the coming months as Fortis continues to shape the offering at Richmond Square.

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Fortis approved for hotel component of Richmond Square precinct

Having successfully expanded into a new region with its Caloundra apartment development, Sunset by Dusk Group, growing South East Queensland developer Dusk Group is again venturing into new territory.

The developer has lodged plans for a 70-apartment project in the Moreton Bay region, to be known as <a href="https://www.apartments.com.au/new-apartments/sunrise-on-sutton-25-sutton-street-redcliffe-qld-4020">Sunrise on Sutton</a>, named after its prime Sutton Street location, just one street back from Suttons Beach.

<img alt="Sutton" data-entity-type="file" data-entity-uuid="88a9f9ee-6ace-47f5-a0c6-8fb134b27e98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.42%E2%80%AFAM.png?VersionId=iMXmJ7_BNZAmCt.jjupMSLdV_Qa9zJAK" />

Dusk Group Directors Huw Feeney and Anthony Short seized the opportunity to acquire the near-1,800 sqm amalgamated corner site at Sutton and Ella Streets for their first project in the area.

They have again enlisted MAS Architecture Studio, the architects behind Sunset by Dusk, to design the new eight-storey development.

The building will comprise a mix of one, two and three-bedroom apartments and has been designed to maximise views towards Suttons Beach, Margate Beach and Moreton Bay.

Pending approvals, the project could launch before the end of the year.

<img alt="Dusk" data-entity-type="file" data-entity-uuid="90c0c26c-096c-4ceb-8c58-f8303aea542f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.49%E2%80%AFAM.png?VersionId=nw8bqQtpOrf5nA95tuYhtqdB59YUzmO0" />

The development will provide 111 car parking spaces and 40 bicycle spaces.

Positioned within walking distance of Suttons Beach, Bluewater Square, Redcliffe Hospital and the Redcliffe Paceway, the development will sit within one of the peninsula's increasingly urbanised coastal pockets.

Redcliffe's new apartment market remains exceptionally tight, with Gardner Vaughan Group's One Redcliffe currently the only new apartment development actively being marketed in the beachside suburb.

It's another beach-focused development for Dusk Group, who has seen considerable success at its Caloundra apartment development, <a href="https://www.apartments.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>.

Over 80 per cent of the 36 apartments have sold ahead of its early 2027 completion.

&nbsp;

First look: Dusk Group targets Suttons Beach precinct with 70-apartment Redcliffe proposal

Leading Brisbane developer <a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has completed and settled $450 million worth of apartments at Monarch Residences in Toowong, marking one of Brisbane’s most significant and prestigious riverfront residential completions in recent years.

The final apartment at Monarch sold at auction on the 30th May for $4.1m.&nbsp;

The milestone has been marked at a ribbon-cutting ceremony at <a href="https://www.apartments.com.au/buildings/monarch-residences-toowong-600-coronation-drive-toowong-qld-4066">Monarch Residences</a>, with Cr Penny Wolff highlighting the importance of completing major residential projects to boost the city’s much-needed housing supply.

The 224 apartments, delivered across two 15-level towers, are now officially in the hands of owners, including Brisbane downsizers, families and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

<img alt="$450M Monarch Residences sells out as Brisbane riverfront demand surges" data-entity-type="file" data-entity-uuid="56ae05e9-092f-41f0-98a1-a10984fdd171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ROBNN_MONARCHLAUNCHEVENT-131.jpg?VersionId=p76J6weGZqseNrE6aOAjmAHUah.y65Gd" />

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land, into a thriving residential precinct with Middenbury House at its centre.&nbsp;

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Mr O’Rorke said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. They understand the challenges of the housing industry and are doing something about it.”&nbsp;

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Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” MacGinley said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex and Titles Queensland assisted to remove hurdles to achieve settlements.”

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With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> in Yeerongpilly and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a> in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and which has been carefully restored and integrated into the broader masterplan.&nbsp;

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

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Colliers Director of Residential Andrew Scriven said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship and irreplaceable riverfront position that Monarch offers,” Scriven said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare. Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

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Consolidated Properties Group sells out Monarch Residences as Brisbane riverfront demand surges

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.

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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.

Jonathan Chancellor

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