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The Surry Hills warehouse space occupied since 1976 by Patrick Jones as his photographic studio has been listed for November 16 auction through Spencer &amp; Servi First National. 
Music legends such as David Bowie, Bob Marley and Frank Sinatra, along with many Hollywood stars including Jack Nicholson and Will Smith, have turned up to the Rainsford Street for close to four decades
The landmark warehouse had previously been used by Cinesound News and Spalding before that.
Listing agents David Servi and Annie Hodgson expect the versatile 400 sqm floor area has the potential to be converted into one of the area’s largest luxury homes or transformed to create a stylish commercial headquarters. More than $4.2 million is expected.
The four level property on the <a href="https://www.realestate.com.au/property-house-nsw-surry+hills-120888373" target="_blank">168 sqm holding features</a> high ceilings with plenty of natural light along with a rooftop deck.
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Patrick Jones lists Surry Hills warehouse studio

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Markdel, the Mornington Peninsula thoroughbred training facility where Makybe Diva prepared for two of her three Melbourne Cup triumphs has been listed for sale by the Freedman brothers.
Makybe Diva trainer Lee Freedman and his brothers Richard, Michael and Anthony designed and built the 38-hectare Fingal property in 2002.
They then departed the farm in stages with Anthony the last to go in late 2012, when he moved his stables to Flemington.
Markdel includes an 85-box stable complex, a 1200-metre sand-based grass track, an 1800-metre rising railed sand track and a heated horse swimming pool among its many facilities and amenities. 
Markdel is being marketed by<a href="https://www.colliers.com.au/15673/#.Viyb52QrLu0"> Colliers International's agent Shane McIntyre</a>. It was listed mid-year.
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Freedman Bros Markdel equestrian farm remains for sale

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Despite some growing conjecture around an imminent rate cut, the board of the Reserve Bank of Australia today decided to keep the official cash rate at 2.00%.
There was some risk that the RBA cut the cash rate today, but financial institutions may then have failed to pass the full cut on to mortgage and business borrowers. 
That would have been perceived as a double hit by mortgage holders who have just experienced a hike in their discounted variable mortgage rate.
It is dangerous timing for the economy to be undergoing a wide-sweeping rationing of credit to investors followed up by an increase in variable mortgage rates. This combined action hits the housing market more heavily than any other industry, yet new home construction has been the key direct and indirect driver of domestic economic activity in recent years. 
Any further interest rate reduction by the RBA – which seems less likely post their November decision – would need to be timed and communicated to ensure it mitigated rather than exacerbated the adverse impact of a tighter financing environment. 
<a href="/images/2015/11/Screen%20Shot%202015-11-03%20at%205.01.55%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/Screen%20Shot%202015-11-03%20at%205.01.55%20PM.png" alt="" width="721" height="376">
 
Harley Dale is chief economist, HIA and can be contacted <a href="https://hia.com.au/en/BusinessInfo/economicInfo/EcoGroup.aspx" target="_blank">here</a>.
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RBA treads most likely path in November: HIA's Harley Dale

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GUEST OBSERVER
After one of the most anticipated Board meetings for months, the RBA today left rates unchanged, but changed their forward guidance to open up the possibility of a near-term rate cut.
Specifically, the Bank included the comment “members also observed that the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand”. The fact that the Bank included this statement despite noting that “prospects for an improvement in economic conditions had firmed a little over recent months” highlights to us the importance of the 2-3% target band for inflation for the Bank.
Overall there were quite a few changes in the statement compared with the October one:
Concerns over financial market volatility have eased with the comment that “volatility in financial markets has abated somewhat”, although the Bank noted that “credit costs for some emerging market countries remain higher than a year ago”.
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 The statement acknowledged the recent low inflation print, but repeated that “inflation is forecast to be consistent with the target over the next one to two years”. The recent out of cycle mortgage rate increases were alluded to, but the RBA noted that “overall [lending] conditions are still quite accommodative”. Importantly, the Bank seems more comfortable with Sydney and Melbourne house price developments, noting the recent moderation in growth.
Overall, today’s statement highlights the importance of inflation to the Bank. That is, despite the prospect of some improvement in activity the Bank seems prepared to ease monetary policy on the back of a lower inflation outlook. This then suggests that a move in December is unlikely. The RBA seems more likely to wait until February when it will have another inflation number which will likely confirm the lower than previously anticipated inflation trajectory. Then the Bank is likely to deliver the first of at least two cuts next year in our view.
While today’s statement suggested a better outlook for activity, we are not so sure. Our own view is that next year growth is likely to remain challenged as the boost from housing starts to fade, and the support to trade from the lower AUD lessens. While the upward trend in consumer confidence coming on the back of Malcolm Turnbull’s appointment as Prime Minister is encouraging, it’s difficult to see that it will be translated into sustained strength in spending in the medium-term given the prospect of ongoing soft wages growth amid high levels of household debt. 
And any rise in the unemployment rate from its current elevated rate would be unpalatable for the RBA. So some further stimulus will be necessary, even if the impact is primary felt via a lower currency.
The easing in housing market activity in Sydney and Melbourne is also an important prerequisite for rate cuts. And today’s comments on housing suggests this key hurdle for further rate cuts is likely to be removed by early next year.
From here on it seems that a rate cut in February is most likely, and the data (both activity and inflation) will have to be sufficiently stronger to persuade the Bank otherwise. 
Felicity Emmett co-head of Australian economics, ANZ Research and can be contacted <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/felicity-emmett/5a/3ba/256" target="_blank">here</a>.
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Not today, but February for RBA rate cut: ANZ's Felicity Emmett

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The Reserve Bank of Australia has left the official cash rate unchanged at 2%, in line with most analysts’ predictions. 
Unchanged at historic lows, the official cash rate was last dropped at the May meeting.
"Inflation is low and should remain so, with the economy likely to have a degree of spare capacity for some time yet," the board noted.
"Inflation is forecast to be consistent with the target over the next one to two years, but a little lower than earlier expected.
"In such circumstances, monetary policy needs to be accommodative.
"Low interest rates are acting to support borrowing and spending."
Some 80 percent of leading economists and experts in the <a href="https://www.finder.com.au/rba-cash-rate" target="_blank">finder.com.au RBA Survey</a> predicted this outcome.
The next RBA board meeting is on December 1. 
Tim Lawless, the head of research at CoreLogic RP Data said while interest rates are important to the housing market, other factors are also at play in the recent abatement in the rate of capital growth. 
"Investors are now paying close to a 30 basis point premium on their mortgages, rental yields have slipped to new record lows, housing supply is moving through record peaks and affordability challenges are very much apparent in Sydney and to a lesser extent Melbourne," he said.
Angus Raine, executive chairman, Raine &amp; Horne said the RBA governor didn’t strike him as someone who spooks easily, and "the RBA has taken the sensible move to check more local and international data before tweaking the monetary policy levers again.”
The RBA’s decision to leave the cash rate unchanged does very little to buoy the hopes of those dreaming of buying their first home, according to Laing + Simmons managing director Leanne Pilkington.
 
<table id="table_1" class="tableStyle_1 tableWidth75 marginB20" summary="This table records the percentage change in the cash rate beside the new target for the cash rate since 6 January 2008">
<caption>Interest Rate Decisions2008–2015
</caption>
<thead><tr>
<th class="textAlignLeft">Effective Date</th>
<th>Change in cash rate Percentage points
</th>
<th colspan="2">New cash rate target Per cent
</th>
</tr></thead>
<tbody>
<tr>
<td class="textAlignLeft">4 Nov 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">7 Oct 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">2 Sep 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">5 Aug 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">8 Jul 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">3 Jun 2015</td>
<td>0.00</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">6 May 2015</td>
<td>-0.25</td>
<td>2.00</td>
</tr>
<tr>
<td class="textAlignLeft">8 Apr 2015</td>
<td>0.00</td>
<td>2.25</td>
</tr>
<tr>
<td class="textAlignLeft">4 Mar 2015</td>
<td>0.00</td>
<td>2.25</td>
</tr>
<tr>
<td class="textAlignLeft">4 Feb 2015</td>
<td>-0.25</td>
<td>2.25</td>
</tr>
<tr>
<td class="textAlignLeft">3 Dec 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">5 Nov 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">8 Oct 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">3 Sep 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">6 Aug 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">2 Jul 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">4 Jun 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">7 May 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">2 Apr 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">5 Mar 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">5 Feb 2014</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">4 Dec 2013</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">6 Nov 2013</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">2 Oct 2013</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">4 Sep 2013</td>
<td>0.00</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">7 Aug 2013</td>
<td>-0.25</td>
<td>2.50</td>
</tr>
<tr>
<td class="textAlignLeft">3 Jul 2013</td>
<td>0.00</td>
<td>2.75</td>
</tr>
<tr>
<td class="textAlignLeft">5 Jun 2013</td>
<td>0.00</td>
<td>2.75</td>
</tr>
<tr>
<td class="textAlignLeft">8 May 2013</td>
<td>-0.25</td>
<td>2.75</td>
</tr>
<tr>
<td class="textAlignLeft">3 Apr 2013</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">6 Mar 2013</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">6 Feb 2013</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">5 Dec 2012</td>
<td>-0.25</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">7 Nov 2012</td>
<td>0.00</td>
<td>3.25</td>
</tr>
<tr>
<td class="textAlignLeft">3 Oct 2012</td>
<td>-0.25</td>
<td>3.25</td>
</tr>
<tr>
<td class="textAlignLeft">5 Sep 2012</td>
<td>0.00</td>
<td>3.50</td>
</tr>
<tr>
<td class="textAlignLeft">8 Aug 2012</td>
<td>0.00</td>
<td>3.50</td>
</tr>
<tr>
<td class="textAlignLeft">4 Jul 2012</td>
<td>0.00</td>
<td>3.50</td>
</tr>
<tr>
<td class="textAlignLeft">6 Jun 2012</td>
<td>-0.25</td>
<td>3.50</td>
</tr>
<tr>
<td class="textAlignLeft">2 May 2012</td>
<td>-0.50</td>
<td>3.75</td>
</tr>
<tr>
<td class="textAlignLeft">4 Apr 2012</td>
<td>0.00</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">7 Mar 2012</td>
<td>0.00</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">8 Feb 2012</td>
<td>0.00</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">7 Dec 2011</td>
<td>-0.25</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">2 Nov 2011</td>
<td>-0.25</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">5 Oct 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">7 Sep 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">3 Aug 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">6 Jul 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">8 Jun 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">4 May 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">6 Apr 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">2 Mar 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">2 Feb 2011</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">8 Dec 2010</td>
<td>0.00</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">3 Nov 2010</td>
<td>+0.25</td>
<td>4.75</td>
</tr>
<tr>
<td class="textAlignLeft">6 Oct 2010</td>
<td>0.00</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">8 Sep 2010</td>
<td>0.00</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">4 Aug 2010</td>
<td>0.00</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">7 Jul 2010</td>
<td>0.00</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">2 Jun 2010</td>
<td>0.00</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">5 May 2010</td>
<td>+0.25</td>
<td>4.50</td>
</tr>
<tr>
<td class="textAlignLeft">7 Apr 2010</td>
<td>+0.25</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">3 Mar 2010</td>
<td>+0.25</td>
<td>4.00</td>
</tr>
<tr>
<td class="textAlignLeft">3 Feb 2010</td>
<td>0.00</td>
<td>3.75</td>
</tr>
<tr>
<td class="textAlignLeft">2 Dec 2009</td>
<td>+0.25</td>
<td align="right">3.75</td>
</tr>
<tr>
<td class="textAlignLeft">4 Nov 2009</td>
<td>+0.25</td>
<td>3.50</td>
</tr>
<tr>
<td class="textAlignLeft">7 Oct 2009</td>
<td>+0.25</td>
<td>3.25</td>
</tr>
<tr>
<td class="textAlignLeft">2 Sep 2009</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">5 Aug 2009</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">8 Jul 2009</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">3 Jun 2009</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">6 May 2009</td>
<td>0.00</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">8 Apr 2009</td>
<td>-0.25</td>
<td>3.00</td>
</tr>
<tr>
<td class="textAlignLeft">4 Mar 2009</td>
<td>0.00</td>
<td>3.25</td>
</tr>
<tr>
<td class="textAlignLeft">4 Feb 2009</td>
<td>-1.00</td>
<td>3.25</td>
</tr>
<tr>
<td class="textAlignLeft">3 Dec 2008</td>
<td>-1.00</td>
<td>4.25</td>
</tr>
<tr>
<td class="textAlignLeft">5 Nov 2008</td>
<td>-0.75</td>
<td>5.25</td>
</tr>
<tr>
<td class="textAlignLeft">8 Oct 2008</td>
<td>-1.00</td>
<td>6.00</td>
</tr>
<tr>
<td class="textAlignLeft">3 Sep 2008</td>
<td>-0.25</td>
<td>7.00</td>
</tr>
<tr>
<td class="textAlignLeft">6 Aug 2008</td>
<td>0.00</td>
<td>7.25</td>
</tr>
<tr>
<td class="textAlignLeft">2 Jul 2008</td>
<td>0.00</td>
<td>7.25</td>
</tr>
<tr>
<td class="textAlignLeft">4 Jun 2008</td>
<td>0.00</td>
<td>7.25</td>
</tr>
<tr>
<td class="textAlignLeft">7 May 2008</td>
<td>0.00</td>
<td>7.25</td>
</tr>
<tr>
<td class="textAlignLeft">2 Apr 2008</td>
<td>0.00</td>
<td>7.25</td>
</tr>
<tr>
<td class="textAlignLeft">5 Mar 2008</td>
<td>+0.25</td>
<td>7.25</td>
</tr>
<tr>
<td>6 Feb 2008</td>
<td>+0.25</td>
<td>7.00 
</td>
</tr>
</tbody>
</table>
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RBA keeps rates at 2% in Melbourne Cup day decision

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Negative gearing is a contentious subject. Owner-occupiers often resent it, many organisations have called for it to be abolished and it doesn’t always work for all investors.
So what are the pros and cons and what do you need to know as an investor?   Firstly it depends on your investment needs and ambitions. If you’re looking for a short-term investment where the capital growth will accumulate quickly and you can get high rental returns then negative gearing probably won’t work for you.   If you’re an Australian working overseas and looking to invest back home then negative gearing probably won’t make a lot of sense either. This is because if the bulk of your income is being earned offshore and you’re being taxed in the country you’re working in, then you won’t stand to get the tax breaks that the government offers through negative gearing.   Negative gearing itself has been decried as giving an unfair advantage to investors. The Australian Council for Social Services recently suggested that it hurts owner occupiers who aren’t given similar tax breaks. However there are clear benefits to the overall market through negative gearing.   Specifically negative gearing helps the rental market and also keeps the overall property marketing ticking along – driving up prices and keeping it buoyant.   Investors need to keep rentals low so they can effectively negatively gear. This in turn creates equitable and affordable properties for people to rent. Back in 1985 the then Labor government under Bob Hawke abolished negative gearing only to bring it back in 1987.  During that two year period, rents increased drastically across Melbourne, Brisbane and Sydney. 
In Sydney rentals skyrocketed by over 50%. So there’s a clear correlation between negative gearing and affordable housing. Nor does it only help wealthy investors, as some assert. Figures show that 80 percent of those claiming negative gearing earn less than $80 000 per year.   So while there are many benefits to the property market, what do you need to consider if you’re an investor?   The pros • Your taxable income can be significantly reduced by claiming losses on your property. • You can use depreciation of the property to your advantage. So this too can be added to negative gearing claims. • Big losses on the property (such as major strata levies or hefty property maintenance) can potentially be offset once you sell the property. • Most negatively geared properties are bought in high growth, attractive and stable areas. This the best way to achieve long term capital growth. Therefore your property should be safer from sudden market changes. • You have far more scope to develop and existing property or subdivide a block through negative gearing. The cost of building, construction, legals and developing all come back through negative gearing. It means you can potentially add a lot of - value to your long term capital growth.
Cons
• The biggest downside to negative gearing is the high out of pocket expenses you can face. These can be very prohibitive and, if you suddenly have to install a new roof or pay for water damage, exorbitant. Simply you will need to have deep pockets to cover the loss in rentals and all the maintenance of the property. This requires skilful budgeting. • The higher debt you’re potentially accumulating leaves you open to any sudden interest rate rises. Also, if you’re using equity to cover negative gearing this can leave you even deeper in debt and more vulnerable to sudden spikes in the market. • Negative cash flow properties are a longer-term strategy. So you can’t rely on them as a quick cash solution. • Vulnerable to market whims and moods. No capital growth rate is ever assured. Yes, it’s true that most negatively geared properties are in resilient, high growth suburbs. But if the entire property market’s bubble bursts or some unforseen factor drives prices down (natural disaster, industry collapse or over development) then you could be stuck with a property losing money with no capital growth. • It’s harder to build a big property investment portfolio as you have to outlay so much cash. Unless your pockets are very deep, the sheer costs of negatively gearing will prevent you from having as many property investments as you may like. At least in the short term. • It prevents you from being agile – you’re tied down to a property in the long term. If you’re a small-medium investor this limits your overall investment options. Say if some fabulous investment opportunity arises, you may not be able to tap into it because you’re committed to the long term capital growth of your property and may not have free cash available.
So there are very strong arguments both for and against negative gearing. At the end of the day, you’re best to talk to a professional about what choice will work for you. Many investors come asunder through hasty or poorly informed decisions. And with so much fevered interest in the current property market that’s not a mistake anyone wants to make. 
SAM KHALIL is founder and director of <a href="https://www.dpn.com.au/" target="_blank">Direct Property Network</a>.
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The pros and cons of negative gearing: DPN's Sam Khalil

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GUEST OBSERVER
Building approvals are coming off record highs on a month by month basis, according to the latest ABS data, suggesting governments need to keep a close eye on the supply pipeline for new housing.
While nationally approvals still had enough momentum to hit 230,298 year on year on a seasonal basis, one good year won’t make up for a decade of underbuilding.
We are only now starting to see new housing supply eat into demand in key markets like Sydney and take some of the heat out of house prices.
A strong, sustainable pipeline of new housing is imperative to ensure future housing affordability and must be a priority for government.
ABS figures for September recorded 18,900 building approvals across the country, down from the previous highs of 20,000 per month recorded for much of 2015.
Recent data shows significant variations month on month across the states and territories ranging from a 42% increase in Queensland to a 39% fall in the ACT. It also pointed to an emerging trend for greater apartment and multi-unit living.
The 1.9% drop in private house approvals nationwide for the month of September was offset by continued strength in apartment approvals which grew by 6.1% on the previous month.
Apartment and multi-unit approvals are almost at parity with private sector houses, suggesting a changing demographic trend and increased growth in our major cities.
While a degree of moderation in record high residential construction activity is expected, governments needed to guard against any sudden drops.
Maintaining a steady supply of new housing is vital to keep up with population increases, household formation rates, and to avoid the price spikes that occur when demand outstrips supply. Residential construction also creates much-needed jobs.
Putting in place the right planning and taxation frameworks will help lock in a steady stream of residential development that benefits homebuyers and the broader economy.
 
Nick Proud is residential executive director, Property Council of Australia and can be contacted<a href="https://www.propertyoz.com.au/" target="_blank"> here</a>.
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Building approvals show need for close eye on supply: Property Council 

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GUEST OBSERVER
Building approvals rose slightly in September, but did not offset last month’s fall. 
We continue to believe that the housing market is at or near a peak, and further growth from housing construction is looking increasingly unlikely.
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Housing building approvals rose marginally in September, not offsetting the previous month’s decline, which was revised even further downward. Detached housing approvals fell slightly, meaning that activity has been unchanged for near two years. But the key swing variable, the higher-density segment, posted growth of 6.9% m/m (Figure 1).
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 This monthly growth in the higher-density segment was mixed across the states. Queensland rebounded sharply to a near-record level, while Victoria posted mild growth. On the other hand, New South Wales approvals fell heavily, and are now 60% lower than the peak of just two months ago, highlighting the volatility inherent in the data. Nonetheless, the national level of approvals continued to trend lower, consistent with our belief that although demand for new housing will remain solid, it will not return to the peak levels of earlier this year. This means that although construction activity will remain elevated, further growth, and further contribution to national output, will be increasingly hard to come by.
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 Meanwhile, the outlook remains weak in the non-residential segment. Approvals rose slightly in September, but remain low, hindered by ongoing softness in the office segment particularly. Accommodation-related approvals continue to trend higher, and now sit at record levels, likely supported by the lower AUD’s positive impact on the tourism sector (Figure 2). 
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<div class="column">Other data today showed house price growth weakening in Sydney, up just 0.3% in October (in seasonally adjusted terms). In turn, annual price growth eased back to 16%, from a peak of 20% in July. This marked slowdown is in line with falling auction clearance rates (Figure 3), reflecting lower housing market sentiment, especially amongst investors. Melbourne price growth remained more robust, outpacing Sydney for the past four months in seasonally adjusted terms. However, price growth is easing in Melbourne too, and has slowed over each of the past three months.</div>
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 This waning enthusiasm for housing is at least partially driven by tighter regulation aimed at removing some of the heat from the housing market. APRA’s macro prudential measures (which have resulted in tighter borrowing conditions and higher interest rates) have resulted in a sharp slowdown in investor borrowing, as seen in last Friday’s credit data. This is expected to result in house price growth easing further over coming months, with Sydney and Melbourne growth rates to converge with other capital cities. 
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Cherelle Murphy is co-head of Australian economics, ANZ and Daniel Gradwell is economist. They can be contacted <a href="https://bluenotes.anz.com/authors/our-economists/" target="_blank">here</a>.
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Building approvals improve, house price growth eases: ANZ Research

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Gross rental yields have shown a consistent downwards trend towards lower returns for new investors, with the average gross rental yield for capital city houses down to a record low of 3.4% from 4.2% in May 2012, according to the CoreLogic RP Data Home Value Index.
Similarly, the average gross rental yield on a capital city unit has dropped to 4.3% from a high of 5% in May 2013. 
According to Lawless, the low yield profile in Melbourne and Sydney, where the gross yield on both houses and units are at all-time lows, is likely to act as a further disincentive to investors in these markets.
“Investors are already paying higher mortgage rates, coupled with the growing acceptance that the growth cycle is peaking out at a time when rental income is at a record low which doesn’t reflect healthy investment fundamentals in these cities. Additionally, the higher deposit requirements for most new investment loans lessens the attractiveness of negative gearing benefits.”
Yield compression has been a factor across every capital city except Hobart where weekly rents have outperformed capital gains.
For the first time since 2001, the Darwin housing market has relinquished the title as the city with the highest gross yields across its detached housing market with the gross yield falling to 5.2 percent in October.
"In Hobart, gross yields have held relatively firm at 5.3%. The relative affordability of the Hobart housing market, coupled with its lifestyle appeal and higher rental returns should help to revitalise Australia’s southernmost capital city housing market,” he said.
Hobart remains the only capital city where dwelling values are lower than they were at the beginning of 2009. Tough economic conditions across the state and a lack of population growth has limited housing demand in Hobart. Transaction numbers are, however, up 1.2% over the past year, suggesting buyers may slowly be returning to the market.
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Several other signs indicate the housing market is starting to lose some steam.
“Clearance rates have been trending lower since April this year, with Sydney and Melbourne now showing auction clearances that are below 70 percent week to week. Additionally, monthly mortgage related activity across CoreLogic RP Data’s valuation platforms was lower when compared with the same period a year earlier; the first annual fall in platform activity since 2013.
CoreLogic valuation platforms account for nearly 98 percent of all bank mortgage-related valuation instructions and virtually provide a real time indicator about mortgage demand.
“Added to this is record levels of new housing supply now entering the market. We are now seeing a picture of reduced house price inflation over the coming year.
“We are also seeing listing numbers move higher than a year ago in Sydney. This is the first time our data has shown housing stock levels to be higher compared with the same period a year prior since mid-2012. Higher levels of housing stock means more choice for buyers which should ultimately result in some rebalancing towards buyers over sellers when it comes to negotiating on price.
“If the trend towards higher stock levels persists, we can expect Sydney buyers to face less urgency when it comes to making their purchase decision around property and higher discounting rates from vendors as they face more competition in the market,” Lawless said.
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Rental yields continue downtrend: CoreLogic RP Data

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A reputed $19 million sale has been secured on harbourfront Point Piper. 
The Wunulla Road trophy home sale (above) was through <a href="https://www.realestateview.com.au/Real-Estate/7-wunulla-road-point-piper/Property-Details-sold-residential-9658008" target="_blank">Ray White agents Michael Finger and Elliott Placks</a>.
It last traded at $4.4 million in 1998. The 2011 designed contemporary home sits on a 430 sqm block. The sale price is unconfirmed.
Meanwhile the intended Point Piper home of ANZ trader Etienne Alexiou which was purchased in early last year for $7.2 million has been relisted for sale.
It was bought in March and settled in November 2014.
The house on 1037 sqm was bought from the Melbourne property developer Adrian Valmorbida by Alexiou who was named earlier this year named as one of seven senior traders suspended by the bank following an investigation into possible manipulation of the bank bill swap rate.
An ANZ spokesperson had previously advised that while the bank could not comment on individual staff members, it was pointed out to Fairfax Media that the suspended trader was still an employee, was receiving the full salary and may be cleared of wrongdoing as ASIC's investigation was ongoing and may not be complete for some time. 
The Federation Wunulla Road home now comes with Alex Popov redesign plans. 
The previous owner, the shoe designer Donna-May Bolinger also sold it without undertaking her envisaged update.
She secured $6.37 million in 2007 having paid $5.85 million in 2005.
Geza and Eva Szekely owned it for four decades having bought it in 1965 for £22,500.
The Wunulla Road house (below) is on a double-access block opposite the yacht club marina. 
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Alexiou, who currently resides in Woollahra, has a November 23 scheduled auction <a href="https://www.lsdb.com.au/real-estate-for-sale-20-wunulla-road-point-piper-nsw/2477501/" target="_blank">through D’Leanne Lewis, of Laing+Simmons Double Bay</a>.
 
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Point Piper's reputed $19 million harbourfront sale

The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

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Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

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While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

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Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

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Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

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Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

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Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

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A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

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Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

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.

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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."

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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.

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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.

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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.

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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.

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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.”

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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.”

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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]

Jonathan Chancellor

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