<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
GUEST OBSERVER
Queensland has shown the greatest improvement over the September quarter, with the annual pace of growth rising nearer to its trend rate.
A dominant feature of the ANZ Stateometer continues to be the strength of New South Wales activity. The largest state is trumping all other states and territories, with the NSW index at a record level.
</div>
<div class="column">
 The index for Victoria edged higher over the September quarter, signalling a steady rise in demand. The outlook in Tasmania remains positive with the annual pace of economic activity at its trend rate.
</div>
<div class="column">
 The ANZ Stateometer shows that economic activity in the aforementioned states has performed well over 2015; a reflection of solid growth in services sector activity. This is also being reflected in labour force outcomes.
</div>
<div class="column">
 The Northern Territory also continues to perform better, supported by strong construction activity in the resource sector.
</div>
<div class="column">
 But in Western Australian economic activity remains below trend and growth in South Australia and the Australian Capital Territory has slipped further.
</div>
<div class="column">
 The September quarter results provide a timely indication of the direction of state final demand in each state and territory. The official data for the September quarter will be released in around two weeks’ time.
</div>
<div class="column">
 <a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.49.18%20AM.png" target="_blank">Click to enlarge</a>
</div>
<div class="column"><img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.49.18%20AM.png" alt="" width="527" height="392"></div>
<div class="column"> </div>
<div class="column">
<div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
IS NSW ECONOMIC ACTIVITY AT ITS PEAK? 
Monthly economic data continue to be strongly positive for New South Wales. The NSW index, which measures annual growth in economic activity, increased to its highest level over the September quarter. 
The positive tone in the monthly data is broad-based with indicators for household consumption, business activity and the labour market all positive. The continuing strength in the index is a strong indication of solid demand in NSW in the September quarter, and should be reflected in the national accounts to be released in early December (Figure 2). 
The upswing in residential construction and the sharp depreciation in the currency are supporting economic activity in NSW, particularly Sydney. While we expect an extended period of above trend growth, indications are that NSW may be approaching the top of the business cycle (Figure 3). How the NSW economy adjusts to a cooling housing market and eventual slow-down in residential construction will be key to future growth momentum. 
<a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.51.03%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.51.03%20AM.png" alt="" width="664" height="471">
 
<a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.55.17%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.55.17%20AM.png" alt="" width="638" height="484">
 
<div class="page" title="Page 3">
<div class="section">
<div class="layoutArea">
<div class="column">
ECONOMIC REBALANCING BROADENS TO QUEENSLAND 
The rebalancing of the national economy continues with a solid pick-up in the annual pace of economic activity in Queensland (Figures 1 and 4). As the third largest economy in Australia, signs of economic momentum are encouraging, and lend further support to signs that the non-mining sectors are picking up. 
The ANZ Stateometer is an alternative measure of the performance of the state and territory economies, and can be used in conjunction with more traditional measures. The latter have the tendency to be strongly influenced by temporary shocks in parts of the economy and this is particularly the case for Queensland (Figure 5), where State Final Demand and the Queensland index have diverged. 
The decline in mining investment in Queensland has led to a sharp contraction in state final demand. While significant, this is perhaps not representative of activity in the broader economy, which has picked up noticeably over the year. The state’s monthly data flow picked up across household, business and labour force indicators. 
<a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.56.50%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.56.50%20AM.png" alt="" width="606" height="426">
 
<a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.58.29%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%209.58.29%20AM.png" alt="" width="643" height="396">
 
<div class="page" title="Page 4">
<div class="section">
<div class="layoutArea">
<div class="column">
SERVICES LIFTING ECONOMIC ACTIVITY 
Of key importance to the rebalancing of the national economy is the role of the services sectors. These industries, typically labour intensive, have helped to lift the trend employment-to-population ratio in NSW, Victoria, Tasmania, and Queensland. These states are also the ones that are showing the strongest economic performance on the ANZ Stateometer. 
Residential construction has and will continue to be important to supporting employment (in construction and several services industries). Commercial construction, outside of mining, should also play a greater role for some states, with the outlook for non-residential construction looking better in some sectors such as tourism and government-backed infrastructure. 
<a href="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%2010.00.07%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/18/Screen%20Shot%202015-11-18%20at%2010.00.07%20AM.png" alt="" width="770" height="1024">
 
Kirk Zammit is economist, ANZ and Cherelle Murphy is co-head of Australian Economics, ANZ. They can be contacted <a href="https://bluenotes.anz.com/authors/our-economists/" target="_blank">here</a>.
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

jchancellor-FAypfDUnLy

ANZ Stateometer shows Queensland on the road to recovery: Cherelle Murphy

<html><body>
GUEST OBSERVER
The introduction of legislative changes which require directors of construction companies to undertake mandatory formal education qualifications in business management will help reduce construction insolvencies.
The latest ASIC Insolvency Statistics to June 2015 highlights that of the 9,177 companies placed into insolvency during the 2014-15 financial year, 1,590 (17.3%) were from the construction industry. Annual financial losses attributable to the construction industry are estimated to be around $2 billion. 
Transcripts from the current Senate inquiry into insolvency in the Australian construction industry emphasise the need for further education of company directors. Findings will be released on 3 December 2015.
Historically, construction is the most prominent industry represented in Australia’s insolvency statistics as reflected in ASIC’s Insolvency Statistics report. 
If mandatory business management education was introduced which better equips directors to deal with economic and environmental changes impacting their businesses, I believe the insolvency figures for this sector could be reduced by hundreds of companies each year. The registered clubs industry provides an excellent framework to follow from an education perspective. 
A second issue that needs to be addressed is subcontracts being paid in a timely manner by the head contractor or larger organisations. The solution could possibly be the cascading of credit terms.  Smaller contracting firms are often put under significant financial pressure by a larger organisation’s long payment lead times which is contributing to many falling victim to insolvency.
From 1 July 2013, a training framework for club industry directors and managers came into effect under The Registered Clubs Amendment (Training) Regulation and will be enforced from 1 July 2016. Directors in this industry are required to undertake two courses.  These include Director of Foundation and Management Collaboration and also Finance for Club Boards, conducted by Clubs NSW and approved by the Director General of The Office of Liquor, Gaming and Racing.
If business management education is to be made mandatory for the construction industry, training requirements need to be legislated and training providers such as the Master Builders Association should be government accredited to deliver this training. 
The key message identified in the transcripts from the present Senate inquiry relates to the current deficiencies of the professional training regime in the industry. In short they simply don’t exist. Senator Doug Cameron highlighted a lack of training in the industry due to the allocation of financial resources elsewhere, while the Australian Institute of Building contends that professional qualifications are needed and also that the industry lacked financial skills.
My recommendation is that the current White Card certification system, which is used by Work Cover is enhanced for those seeking to become directors or sole traders of construction businesses to include business management skills. TAFE could also introduce as a mandatory inclusion, a business management unit in all of its construction courses. 
The Senate inquiry is a positive step however it has been done before with few changes emanating from it. Therefore the appropriate information needs to be extracted from the inquiry and then passed onto the Economics Reference Committee Senators to implement suitable changes including new legislation to address the industry shortcomings.
There are several reasons why the construction sector has the highest levels of insolvency in the country. These include the barriers to entry into this industry are relatively low, with businesses allowed to enter and exit with little intervention or opposition from authorities. At the smaller end of the industry, clandestine companies can be set up on a project by project basis with directors using the corporate veil to protect themselves from financial accountability.
At the bigger end of the spectrum, the construction industry is highly volatile as it is significantly affected by economic, environmental and political factors. The large sums of money that are involved with this sector make it vulnerable to changes such as fluctuations of the Australian dollar, building and sustainability industry policy changes and urban development amendments made at State and Federal government levels.
The construction industry creates thousands of jobs each year and generates tens of billions of dollars for the economy. The government needs to act immediately to reduce insolvencies within this sector. One of the most effective ways to achieve this would be the implementation of legislation requiring all directors and managers working within the construction industry to acquire accredited business management qualifications.
 
Sean Wengel is insolvency principal, William Buck and can be contacted <a href="https://www.williambuck.com" target="_blank">here</a>.
 
 
 
</body></html>

Mandatory education needed to reduce construction insolvencies: Sean Wengel

<html><body>
GUEST OBSERVER
Slow food, slow dancing and a slow, long-term view are advantageous for property investors and not simply because of capital appreciation. 
As there are significant commercial benefits available for property that is built and held for five – ten years, which add up to a significant saving and retained equity. 
A dollar saved is a dollar earned, but surprisingly, this saving is not common knowledge except for those who have been through enough property cycles to know. 
The ‘Build and Hold’ model – is an approach favoured by investor developers who know the cost of development and where the real savings are to be had. 
There is a new emerging force in the market, a different style of investor developer, who does not flip over projects quickly but is content to wait. This is a model that he says is gaining momentum given the low yield environment. 
There is a term at Goldman Sachs which is long term greedy, these people have investment plans mapped out for the next 10, 20 and 30 years. 
These are astute individuals who can pay more for sites because they take a long-term view with their assets. As they know there are significant savings to be had aside from capital appreciation, which adds up to a significant increase of their asset’s value. The benefits are: 
<ul>
<li>Depreciation benefits 3% (including 2.5% straight line on buildings and 10% straight line on plant and equipment</li>
<li>Sales Commission Costs 5%</li>
<li>Advertising and marketing savings 2% </li>
<li>GST saving if retained for 5 years 9% </li>
</ul>
There is a saving on gross sales value on the margin scheme for GST if the property is held (and not marketed) for an excess of 5 years. Astute investors look at a 10-year cash flow and generally find that mixed used developments offer up the best results.
The Build and Hold model does require the individual to have other cash flow, which normally requires the capacity to hold his or her assets and a significant balance sheet. There is also a formula that needs to be adhered to, to ensure a successful resale if the need arises.
For those considering to build and hold, I would recommend buying within 10 kilometres of the city. Some suggested locations would be Armadale, South Yarra, Windsor, St Kilda, St Kilda East, Malvern, East Melbourne and North Melbourne. The key is any hotspot where the underlying land value will continue to go up over a 10 year horizon given the scarcity of supply in those specific areas. I currently have 8 projects with clients ranging from 2-89 apartments/townhouses that have bought into this strategy and are currently being rolled out. 
 
 Andrew Fawell is director of Beller and can be contacted <a href="https://beller.com.au" target="_blank">here</a>.  
</body></html>

Build and hold: Beller's Andrew Fawell

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">GUEST OBSERVER</div>
<div class="column"> </div>
<div class="column">Consumer sentiment predictably eased last week from 10-month highs. No doubt the terrorist attacks in Paris added a modest dampener to the latest result. </div>
<div class="column"> </div>
<div class="column">Overall confidence remains healthy consumers are still more upbeat than a year ago and sentiment is above the short-term average.</div>
<div class="column">
 Interestingly the outlook for family finances over the next year lifted in the past week and is holding just shy of the 20-month highs reached in mid-October. 
</div>
<div class="column"> </div>
<div class="column">The upbeat employment data last week would have encouraged households when it comes to job security. Also, the Reserve Bank believes that the question on the outlook for family finances is most instructive and the latest result is still well above average levels.</div>
<div class="column">
 The Reserve Bank Board minutes make for interesting reading. Although there was no significant surprise in views. Board Members were slightly more upbeat on the prospects for the Australian economy and continued to reiterate firmer growth over the next two years. No doubt the weaker Australian dollar is supporting a rebalancing and helping to offset the weakness in mining investment. Interestingly the more upbeat view came ahead of the stronger employment numbers last week.
</div>
<div class="column"> </div>
<div class="column"><a href="/images/2015/11/17/Screen%20Shot%202015-11-17%20at%203.52.04%20PM.png" target="_blank">Click to enlarge</a></div>
<div class="column">
<img src="/images/2015/11/17/Screen%20Shot%202015-11-17%20at%203.52.04%20PM.png" alt=""> If the anticipated lift in activity does not take place, then this could prompt the Board to assess the need for more stimulus. And clearly the low inflation result has left the door open for a further rate cut.
What do the figures show?
Consumer sentiment
The weekly ANZ/Roy Morgan consumer confidence rating fell by 0.7 points (0.6%) to 115.9 in the week to November 15 Confidence is up 2.6% over the year and above the average of 111.4 since 2014.
</div>
<div class="column">
 Just one of the five components of the index rose in the latest week:
</div>
<div class="column"> </div>
<div class="column">
The estimate of family finances compared with a year ago was down from +11 to +10; 
</div>
<div class="column">
The estimate of family finances over the next year was up from +25 to +29;
</div>
<div class="column">
Economic conditions over the next 12 months was down from +5 to +1;
</div>
<div class="column">
Economic conditions over the next 5 years was down from +14 to +12;
</div>
<div class="column">
The measure of whether it was a good time to buy a major household item was unchanged at +28 points.
</div>
<div class="column"> </div>
<div class="column">The key quotes from the Board minutes:</div>
<div class="column"> </div>
<div class="column">
Stronger growth expected: “Members noted that the forecasts for GDP growth were not materially different from those presented three months earlier. Growth was expected to be between 2–3% over the year to June 2016, before rising to 23⁄4–33⁄4 % over the year to June 2017.”
</div>
<div class="column"> </div>
<div class="column">
Job market: “Employment growth had been stronger than expected over 2015 and this had been accompanied by a noticeable increase in the participation rate. Employment growth had been concentrated in the household and business services sectors. Measures of job vacancies and advertisements pointed to continued growth in employment in the months ahead.”
</div>
<div class="column"> </div>
<div class="column">
Bank lending: “The major banks in Australia continued to raise equity to meet the changes to minimum capital requirements announced by APRA around mid-year, which would take effect from July 2016. Equity as a source of funding for banks had increased by around 1⁄2 percentage point to 8 per cent of total funding. The largest banks had increased standard variable housing rates in October by 15–20 basis points. Members noted that widening margins on mortgage lending were in part offsetting lower margins on lending to larger businesses, for which lending rates had continued to decline in the face of strong competition. Deposit rates had been lowered and funding costs more generally had declined.”
</div>
<div class="column"> </div>
<div class="column">
Inflation: “However, members recognised that there was still evidence of spare capacity, including the relatively high unemployment rate, low wage growth and the lower-than-expected inflation outcome in the September quarter. The gradual nature of the pick-up in domestic growth suggested that spare capacity would persist for some time. Inflation was forecast to be consistent with the target over the next one to two years, but somewhat lower than earlier expected.”
</div>
<div class="column"> </div>
<div class="column">
Outlook: “Taking the above information into consideration, members decided that leaving the cash rate unchanged at this meeting was appropriate. They judged that the inflation outlook may afford some scope for further easing of monetary policy, should that be appropriate to lend support to demand. The Board would continue to assess the outlook, and whether the current stance of policy would most effectively foster sustainable growth and inflation consistent with the target”
</div>
<div class="column"> </div>
<div class="column">What is the importance of the economic data?</div>
<div class="column"> </div>
<div class="column">
The ANZ/Roy Morgan weekly survey of consumer confidence closely tracks the monthly Westpac/Melbourne Institute consumer sentiment index but the former measure is a timelier assessment of consumer attitudes and is now closely tracked by the Reserve Bank.
</div>
<div class="column"> </div>
<div class="column">
The Reserve Bank releases minutes of its monthly Board meeting a fortnight after the event. The minutes give a guide to Reserve Bank thinking on interest rate settings.
</div>
<div class="column"> </div>
<div class="column">What are the implications for interest rates and investors?</div>
<div class="column"> </div>
<div class="column">CommSec expects no change to interest rate settings in coming months. </div>
<div class="column">
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<a href="/images/2015/11/17/Screen%20Shot%202015-11-17%20at%203.57.34%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/17/Screen%20Shot%202015-11-17%20at%203.57.34%20PM.png" alt="">
</div>
</div>
</div>
</div>
</div>
Savanth Sebastian is an economist for <a href="https://www.commsec.com.au/" target="_blank">CommSec</a>
</div>
</div></body></html>

Consumers still confident, RBA optimistic: CommSec's Savanth Sebastian

<html><body>
John McGrath won't be appearing on the next season of Shark Tank, the Channel Ten show that had aspiring entrepreneurs pitch their startup.
The chief executive of the soon to float McGrath Estate Agents stepped down from his role due to his increasing business commitments.
“Due to the rapid growth of my own business and our expansion plans over the next few months, I’m disappointed that I’ve had to step aside from Shark Tank for this series. 
“Season one was an incredible experience for me personally and I believe this show will continue to be an amazing catalyst to encourage and develop many young entrepreneurs throughout Australia and New Zealand to pursue their business dreams. 
“I hope that I may be able to play a role in future series as the show progresses and continues its successful momentum,” he said.
He will be replaced by Dr Glen Richards, founder and former chief executive of Greencross, Australia's largest pet care company.
The initial panel of sharks on the show included Boost Juice founder Janine Allis, tech entrepreneur and investor Steve Baxter, Talent2 founder Andrew Banks and RedBalloon founding director Naomi Simson.
Season one of Shark Tank saw 30 deals offered to Australian entrepreneurs worth nearly $7 million.
Filming of season two started this month.
Glen spent 10 years building a multi-million dollar integrated pet care empire, which now operates more than 130 veterinary hospitals in Australia, New Zealand and China.
Greencross is also Australasia’s leading specialty pet care retailer, with more than 200 stores operating under the brand names Petbarn and City Farmers in Australia and Animates in New Zealand. 
The premiere season of Shark Tank on TEN earlier this year saw 3,000 hopeful entrepreneurs apply to pitch their product to the Sharks. 
John McGrath invested $40,000 in a childcare centre for children living with disabilities or special needs.
</body></html>

John McGrath departs Channel 10's Shark Tank

<html><body>
ASIC has commenced proceedings in the Federal Court of Australia for orders to set aside a resolution made by creditors of Midland Hwy Pty Ltd (administrators appointed) to enter into a deed of company arrangement and for Midland Hwy to be wound up.
ASIC has concerns about the proposed deed in light of various matters reported on by the administrators, Messrs Nicholas Martin and Craig Crosbie, of PPB Advisory.
The deed was proposed by Bilkurra Investments Pty Ltd and agreed to by creditors on 21 October 2015.
Under the deed, Bilkurra, who owns the land associated with the Hermitage Bendigo project, was to take over the development. 
Matters reported by the Administrators about which ASIC is concerned include:
<ul>
<li>only $1.7 million of the $24 million received from option holders in the Hermitage Bendigo project had been put towards the development;</li>
<li>Midland Hwy does not have funds to pay the $24 million back to option holders and is likely to have been insolvent from March 2012 and potentially as early as 7 September 2011;</li>
<li>up to $22.3 million of payments are likely to be subject to other claims which should be investigated by liquidators to see if they can be recovered, including substantial amounts paid to companies associated with Bilkurra for which there is no proper documentation; and</li>
<li>it is unclear whether Bilkurra has the financial resources to undertake the development.</li>
</ul>
ASIC considers that it is in the public interest for Midland Hwy to be wound up so that a proper investigation into the affairs of Midland Hwy can be conducted by independent liquidators. 
The matter was heard on 11 November 2015, with judgment reserved.
Until the hearing and determination of the proceeding has concluded, the Court has ordered that s444B(5) of the Corporations Act, which requires the administrators to execute a DOCA within a certain time, does not operate. 
Midland Hwy was the developer of a land banking scheme known as 'Hermitage Bendigo' (formerly'Acacia Banks'), located just outside of Bendigo, Victoria and was put into administration on 2 July 2015.
At the second creditors' meeting of Midland Hwy held on 21 October 2015, creditors voted in favour of the DOCA despite the Administrators recommending the company be put into liquidation.
ASIC’s proceedings are part of ASIC's wider and ongoing investigation into land banking schemes.
ASIC previously resolved proceedings against Midland Hwy to remove David Anthony Ross and Mr Richard Albarran of Hall Chadwick as the administrators.
ASIC noted in August the Bendigo land banking was promoted by the 21st Century Group.
Land banking is a real estate investment scheme involving the acquisition of large blocks of land by a promoter or developer of the scheme, often in undeveloped rural areas, who then offer portions of the land to investors. 
Land banking companies typically promote the investment with representations of high potential returns if the land is redeveloped, or if plans for rezoning and development are finalised.
Investors either purchase a lot in the land, or acquire an option to purchase a lot of land in an unregistered plan of subdivision.  The option agreement is triggered at a time that the necessary development is approved by the local council.
While ASIC does not regulate direct property investment, ASIC considers that land banking schemes, depending on the particular scheme, may be a managed investment scheme and/or a financial product and that the promoters of these schemes should therefore hold an Australian financial services licence and register these schemes with ASIC. 
 
</body></html>

ASIC indicates concerns over $24 million invested in Hermitage Bendigo land banking project

<html><body><div id="content-1">
<div class="story-headline">
<div class="partheading">
The Double Bay home of entertainer Jeanne Little - before Alzheimer's disease took hold - has been sold by her devoted husband, Barry for $2.4 million.  
Interior designer, Barry and Jeanne, the Gold Logie winning daytime television star, had bought the apartment in Overthorpe for $1.7 million in 2008 after selling their longtime terrace in Paddington.
The New South Head Road apartment, with sub-tropical garden aspect from every room, was recently snapped up through McGrath agent Mary Howell.
The 218 sqm three bedroom apartment in the early 1980s Mirvac built complex was mortgage free.
Barry has recently spent $440,000 on a Hunters Hill apartment in The Lodge retirement village.
The effervescent Jeannie Little, made famous for her signature greeting "daahling" began her TV career on The Mike Walsh Show in 1974 before being diagnosed with Alzheimer's disease in 2009. She has been in nursing home care for five years.
For some time now Jeanne Little has not recognised her husband and her only daughter, Katie Little who told Studio 10 on Channel 10 in February of her heartbreak at watching the once vivacious TV personality lost inside the confusing mental maze of dementia.
The 77 year-old began her TV career on The Mike Walsh Show in 1974 showcasing designer maternity fashions when she was pregnant with Katie.
"It’s a shocking way to live for a star performer who entertained audiences with her outrageous antics, signature shrill voice and affectionate persona," Katie said of her bedridden mother.
Katie said one of the first moments she realised her mother may have been battling the mental illness was when she couldn’t remember the names of her television industry friends.
In 1976 Little won the Gold Logie for most popular television personality which in her last ever interview she told New Idea that it was her most shocking showbiz moment.
"When Burt Lancaster opened that envelope and drawled in his famous macho voice that Jeanne Little was the most popular female personality on Australian television, I just sat there thinking it’s a hideous mistake. They’ve got it wrong. The room was stunned, no-one clapped, there was deathly silence so I went up on stage, feeling really awful inside about having won."
She had become one of the most popular panelists on Beauty and the Beast.
The irrepressible Jeanne Little performed on stage including her tribute to 1930's screen legend Marlene Dietrich at venues including the Western Suburbs Leagues Club, before it toured the USA in the early 2000s.
This article was first published in the Saturday Daily Telegraph. 
</div>
</div>
</div></body></html>

Jeanne Little's Double Bay apartment sold

<html><body>
GUEST OBSERVER 
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The minutes from the RBA’s November Board meeting, at which it left the cash rate at 2%, do not reveal substantial additional detail on the Bank’s outlook. 
The meeting predated the release of the strong October labour force numbers, which showed the unemployment rate falling nearly 0.3ppts to 5.9%, the lowest reading since April 2014. These numbers are broadly in line with the RBA’s relatively upbeat observations about labour market developments and help explain (post-script) why the Board chose not to implement a November rate cut, despite markets pricing a 50% probability just prior to the meeting. The Bank noted in the statement after the meeting and in the minutes that “prospects for an improvement in economic conditions had firmed a little over recent months”. 
But the Bank also noted that spare capacity in the economy would persist for some time and remains quite uncertain about its consumption forecasts, noting “households' decisions about consumption and saving continued to represent an important source of uncertainty for the forecasts”. The Bank is expecting above-average consumption growth at some point, but we do not share that view. At 55% of the economy, this is a large proportion of expenditure and so any uncertainty could be influential to the Bank’s thinking. 
In isolation, the labour force report makes our expectation of a February rate cut more difficult to achieve. But of course the data cannot be read in isolation and the notoriously volatile labour force figures could paint quite a different picture over the next two months. Also, there is a possibility of further rises in lending rates from the banks to offset the regulatory changes that have raised minimum capital requirements. This would force an unwelcome – although probably small – tightening of financial conditions. The RBA’s November Statement on Monetary Policy (SoMP) (released after the Board meeting, but before the strong labour force report) also showed that the RBA lowered its growth and inflation forecasts, and these changes also support our view that the outlook is precarious and lower rates will be necessary in 2016. 
Consistent with the post-meeting statement, the minutes said the “inflation outlook may afford some scope for further easing of monetary policy”. While acknowledging that inflation was lower than earlier expected, “inflation was forecast to be consistent with the target over the next one to two years”. The RBA said that while tight competition was limiting the higher price of imports being passed on to final consumer prices, some increase in tradable prices is expected in coming years. 
The Bank noted that although there would be further growth in dwelling investment, the pace of house price growth in Sydney and Melbourne “had moderated” and “supervisory measures were helping to contain risks”. On the international front, the slowing in growth in Asia “was likely to be more persistent than expected” and “Australia's trading partners was expected to be slightly below its decade average over the period ahead”. These comments are consistent with the SoMP. 
Bottom line, we think the RBA will be looking for a clearer picture before making any decisions. We see a very low likelihood of a move at the next RBA Board meeting on 1 December. This is especially the case with the crucial US central bank policy meeting on 16-17 December, two Australian labour force reports due before February, and the December quarter CPI due on 27 January. 
We maintain our view that the RBA will cut rates in the first half of next year. With the stimulus from housing and the lower AUD likely to fade next year, and the inflation outlook providing no impediment to lower rates, we think the cash rate will be cut twice by 25bps, most likely in February and May. 
Cherelle Murphy is co-head of Australian Economics, ANZ Research and can be contacted <a href="https://bluenotes.anz.com/authors/our-economists/" target="_blank">here</a>.
</div>
</div>
</div>
</body></html>

RBA's uncertainty on strong consumption creeps in: ANZ Research

<html><body>
Apartment developers who delay construction works to invoke the sunset clause, cancelling the contract with their off the plan buyers, and then reselling at higher prices have recently undermined confidence in buying off the plan.
But soon buyers will have greater protections under changes proposed by the Minister for Innovation and Better Regulation Victor Dominello.
The long suffering purchasers will have to give their consent to the contract termination, or otherwise the developer will be required to give good reason to the Supreme Court. 
“The NSW Government is putting developers on notice that from this day forward if they use a sunset clause for no other reason than to reap a windfall profit at the expense of the purchaser – then they do so at their own peril,” Mr Dominello said earlier this month noting the legislation will apply to existing off the plan contracts which have not yet reached the sunset clause date.
The legislation is intended to provide developers with legitimate reasons, such as planning permission or unavoidable building delays, a get out clause.
“The overwhelming majority of developers are reputable and do the right thing,” Mr Dominello. 
According to property research and investment firm Aviate Group managing director Neil Smoli there are two kinds of developers that operate in this disappointing fashion - those greedy and happy to forgo reputation and longevity in the industry for a quick profit or those inept and inexperienced operators who have miscalculated their financial projections.
I think UDIA NSW chief executive Stephen Albin was right when he said the issue was occurring on the fringes of the industry, but I also sense the dramatic price spurt of the past few years has tempted more of these fringe developers than ever to try it on.
There has also been the odd case where a big Chinese developer has gone to market without any development approval for their project in their haste to secure sales, and then had to restart the sales given council approvals were not forthcoming.
The strata process typically begins with development approvals, then sales, financing and construction, then settlement. The NSW LPI typically approves around 120 new strata plans a month, with a record 158 lodged in July. 
The Owners Corporation Network of Australia noted off-the-plan purchasers have long borne the brunt of an off-the-plan purchase system weighted heavily against them. 
Thick, complex contracts which favour the developer. Forget buyers putting a caveat to protect their purchase. That's banned.
Currently dispossessed buyers rarely mount the costly court case, as they typically end up being out of pocket and also out of home.
I sat in on the recent court case involving a Wolli Creek project that buyers claimed was beset with nine specified issues of delays but the judge ruled only one, the piles installation had failed to have reasonable endeavours made. And that contributed six weeks only, so the developer won the case. There was an interesting adjudication that the developers’ failure to construct the building in accordance with the original development consent did not necessarily constitute a breach of their obligations.
As much as the termination of contract is a huge issue, I'd suggest substantial changes to apartment floorplans are occurring more regularly with distraught buyers left with little choice but to cop it.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Strata termination sunset changes to brings safeguards for OTP buyers

<html><body>
The Astor, Sydney CBD apartment of the late Sir Tristan and Lady Antico fetched $2.15 million at its recent auction. 
<a href="https://sydneysothebysrealty.com/5353918/6-1-125-Macquarie-Street-Sydney" target="_blank">The sixth-floor, three bedroom north-east corner</a> apartment was bought by the Antico's some three decades ago, becoming their home after the trophy mansion Tregoyd in Mosman was sold in 1996 for $11 million.
Sir Tristan, founder of Pioneer Concrete, died in 2004, and his widow Lady Dorothy last year .
Agents David Newgrosh and Tony Barron secured the sale at Cooley Auction.
The pre-auction price guide was between $1.8 million and $2 million. 
Macquarie Street's Astor building has ranked among the most prestigious high-rise apartment block since 1922.
This article was first published in the Saturday Daily Telegraph.
</body></html>

Antico clan exit longtime Astor apartments  

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Joel Robinson

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

The ACT will become the first jurisdiction in Australia to abolish stamp duty for all first home buyers, with no income caps and no property price thresholds from 1 July.

The move, announced as part of the ACT Budget, completes a key election commitment from the Barr Government and removes what Chief Minister Andrew Barr described as one of the biggest barriers to entering the housing market. The reform forms part of the ACT's long-running transition away from transaction taxes and towards a broader-based property tax system.

"This budget marks a major milestone in our long-term tax reform program," Barr said, adding that the government had maintained a sustained focus on removing barriers to home ownership. He said stamp duty had long been one of the largest upfront hurdles facing buyers and that from July, "that barrier is gone" for first home buyers in the Territory.

[smartcode_project:default project_id=139989 project_image_fid=350986]

The changes come alongside a range of measures designed to encourage new housing supply, including support for the delivery of so-called "missing middle" housing such as terraces, townhouses and low-rise multi-unit developments.

The announcement has renewed debate around whether the ACT's approach could provide a blueprint for improving housing affordability nationally.

New research from OurTop10.com.au, conducted by Primara Research, suggests the Territory's decade-long reform agenda has produced outcomes unmatched elsewhere in Australia.

While stamp duty costs have increased by an average 67 per cent nationally over the past decade, the ACT has recorded growth of just 15 per cent, the lowest increase of any jurisdiction.

The Territory has also emerged as one of the strongest performers on housing delivery. Based on population-weighted housing targets, the ACT is sitting less than one per cent behind its target. Victoria is the next closest at seven per cent behind, while the national average sits 25 per cent below target. New South Wales is tracking 39 per cent behind.

The latest reform removes one of the final barriers facing first home buyers in Canberra.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The average Australian home buyer currently pays $61,714 in stamp duty. In the ACT, that figure is $38,399 despite the Territory having the third-highest median house price in the country.

Until now, the ACT's first home buyer concession scheme only applied to purchases up to $1.02 million, around $51,000 below Canberra's median house price of $1.071 million. In practical terms, many first home buyers were unable to access the median-priced home without losing the concession.

From July, those restrictions disappear.

Every first home buyer in the ACT will pay no stamp duty, regardless of income or purchase price.

Canberra remains one of Australia's most expensive housing markets, with dwelling values increasing 82 per cent over the past decade. However, that growth ranks only 11th among Australia's 15 major housing markets, suggesting affordability pressures have been less severe than in many other parts of the country.

Simon Ma, CEO of OurTop10.com.au, said the latest reforms recognise that many first home buyers have simply outgrown thresholds set years ago.

"Many first home buyers aren't just looking for a way onto the ladder, they want a home their family can actually live in," Ma said.

"In a market where the median house price is over a million dollars, a concession scheme that cuts out at $1.02 million was never going to get them there.

"Removing the ceiling entirely means ACT first home buyers can now pursue the home they actually want, rather than limiting themselves to a price point designed for a very different market."

Whether other states follow remains to be seen. But at a time when most jurisdictions are struggling to improve affordability while also increasing housing supply, the ACT has quietly become the national test case for both.

15% stamp duty growth. Just 1% off the national housing target. Zero stamp duty for FHBs. Is the ACT the blueprint for the great Australian dream?

ACT abolishes stamp duty for first home buyers

A rooftop pool and spa overlooking the Brisbane CBD, private dining spaces, expansive landscaped gardens and a residents' lounge are set to crown <a href="https://www.apartments.com.au/new-apartments/callista-on-park-west-end-49-mollison-street-west-end-qld-4101">Callista on Park</a>, the final residential building within Brisbane's West Village precinct.

The rooftop amenity collection has been designed as an extension of the lifestyle already established throughout West Village, providing residents with a series of indoor and outdoor spaces that capitalise on the building's elevated position above West End.

A swimming pool and heated spa form the centrepiece of the rooftop offering, surrounded by landscaped gardens developed through a collaboration between developer Sekisui House and ASPECT Studios. The design incorporates expansive lawn areas surrounded by English garden-inspired planting.

[smartcode_project:default project_id=134800 project_image_fid=370648]

Residents will also have access to two barbecue and outdoor dining areas positioned to take advantage of views across Brisbane's skyline, neighbouring Mollison Park, and the surrounding inner-city landscape.

For larger gatherings, the rooftop includes a private dining room centred around a substantial stone island bench, complete with a full kitchen and a 10-seat dining table set beneath four-metre-high ceilings. The space has been designed to overlook both the rooftop gardens and the Brisbane CBD skyline.

A separate residents' lounge provides an additional indoor retreat connected to the broader rooftop amenity offering, creating another space for residents to work, relax or entertain guests.

[smartcode_project:default project_id=134800 project_image_fid=370647]

The attention to detail extends beyond the rooftop.

Upon arrival, residents will enter through a lobby featuring a bespoke ceiling light installation developed in collaboration between Sekisui House and Alcorn Middleton Architecture. The arrival experience is complemented by private resident mailboxes and carefully considered interior finishes designed to reflect the premium positioning of the building.

[smartcode_project:default project_id=134800 project_image_fid=372541]

The amenity offering forms part of Callista on Park, the final residential release within the decade-long transformation of the former Peters Ice Cream Factory site into West Village, one of Brisbane's most established mixed-use communities.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and being delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a>, Callista represents the most premium residential offering within the masterplanned precinct.

Construction is now entering its final stages, with scaffolding beginning to come down and completion expected in the first quarter of 2027.

Prices for the three-bedroom plus MPR apartments start from just over $2.6 million.

[smartcode_project:default project_id=134800 project_image_fid=351535]

Callista will mark the final opportunity to purchase within West Village, where residents have direct access to more than 35 retail, dining, wellness and medical operators including Harris Farm Markets, Woolworths, Function Well and Goodlife Health Clubs, Metro Arts, and a growing collection of restaurants and cafés.

Located just 800 metres from the Brisbane CBD, the precinct also places residents within walking distance of South Bank, West End's dining scene, riverfront parklands and major public transport connections.

For Sekisui House, which has delivered more than two million homes globally, Callista serves as the concluding piece of the West Village masterplan, bringing together the precinct's heritage character, parkland setting and emphasis on walkability in a final collection of larger-format residences.

[smartcode_project_cta:default project_id=134800]

Rooftop pool, private dining and skyline gardens to crown West Village's final apartment release, Callista on Park

<a href="https://www.apartments.com.au/developments/wahroonga-nsw-2076">Wahroonga</a>’s enduring appeal has long been tied to its balance of bushland, established amenity, and access to some of Sydney’s most respected education and healthcare institutions.

Along Fox Valley Road, that combination is becoming increasingly sought after by buyers looking to remain connected to the Upper North Shore lifestyle while prioritising walkability, wellbeing, and convenience.

Developer Capital Corporation's initial vision of a 62-hectare site on Fox Valley Road was that they could create their own walkable community, bordered by&nbsp;more than 25 hectares of bushland and adjoining Coups Creek.

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="b84917a1-0d75-49b9-888c-ddf7ebfd6692" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NEW2026_Wahroonga_Walkway.gif?VersionId=Gk3_xi5ssYfalmwuQQ5umQakddceC31j" />

<a href="https://www.apartments.com.au/new-apartments/the-residences-at-wahroonga-estate-169-fox-valley-road-wahroonga-nsw-2076">The Residences at Wahroonga Estate</a> draws directly on the area’s natural landscape, with walking trails and green corridors linking into sections of Lane Cove National Park. The surrounding network of bushwalks, cycling tracks, and reserves reinforces the suburb’s long-standing reputation as one of Sydney’s most nature-oriented residential pockets, while still maintaining close ties to village retail and transport infrastructure.

The address places residents within minutes of Wahroonga and Turramurra villages, where cafés, local grocers, boutiques, and everyday services support a highly localised lifestyle. Popular nearby venues including The Fox Café and Breeze Valley Café provide easy options for morning coffee or casual dining, while longstanding retailers such as IGA Wahroonga Fresh and Novella Fine Books continue to anchor the area’s village character.

&nbsp;

<img alt="Wahroonga" data-entity-type="file" data-entity-uuid="c4a950f7-4f05-4370-b360-b106359788e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2026_Wahroonga_Entry_Gates.gif?VersionId=7n5kh9ymu.azYEYDemJkPgiIAfSw44oj" />

Healthcare access remains one of the defining locational advantages of the estate. Sydney Adventist Hospital, known locally as The San, sits directly adjacent and is one of the largest and most respected private hospitals in New South Wales. The hospital precinct incorporates specialist medical services, radiology, physiotherapy, and outpatient care, contributing to growing buyer demand from downsizers and owner-occupiers seeking long-term convenience and peace of mind.

Research commissioned by Capital Corporation found that health and wellbeing considerations are increasingly influencing downsizing decisions, particularly among buyers wanting to remain within familiar neighbourhoods while accessing medical infrastructure more easily.

Education has also historically underpinned demand across Wahroonga and the broader Upper North Shore. The estate sits close to several of Sydney’s leading private and independent schools, including Knox Grammar, Abbotsleigh, Barker College, Pymble Ladies’ College, Ravenswood School for Girls, and Loreto Normanhurst. Co-educational options including Wahroonga Adventist School and Sydney Adventist School further strengthen the area’s appeal to established families looking for long-term schooling pathways within a tightly held catchment.

[smartcode_project:default project_id=135247 project_image_fid=262183]

Transport connectivity supports the suburb’s liveability without compromising its quieter residential character. Wahroonga and Turramurra train stations provide direct rail access into the Sydney CBD, while the nearby Pacific Highway and M1 motorway strengthen links across the North Shore and broader metropolitan area. At the same time, the heavily treed streetscape and low-density character continue to distinguish the precinct from more urbanised parts of Sydney.

The Residences at Wahroonga Estate forms the first stage of <a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a>’s broader masterplanned vision for the precinct, delivered alongside the Seventh-day Adventist Church.

[smartcode_project:default project_id=135247 project_image_fid=364995]

Designed by <a href="https://www.apartments.com.au/architects/group-gsa">GroupGSA</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, the development integrates landscaped communal spaces including a pet-friendly Green Spine, resident lounge, BBQ pavilion, and direct bushland access, reinforcing the project’s focus on outdoor connection and community-based living.

Now under construction by Gold Star iCIRT-rated builder <a href="https://www.apartments.com.au/builders/dasco-australia">DASCO</a>, The Residences at Wahroonga Estate will deliver a collection of one, two, and three-bedroom apartments priced from $990,000, with completion anticipated in 2027.

[smartcode_project_cta:default project_id=135247]

Jonathan Chancellor

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News