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Pindanon Farm, set on 250 hectares at Warburton in Victoria's Yarra Valley has been listed for sale.
More than $4.5 million is being sought <a href="https://www.eldersrealestate.com.au/rural/buy/property-grazing-vic-big-pats-creek-577367" target="_blank">through Elders agent Nick Myer</a>.
With 20 main paddocks Pindanon Farm has Big Pats Creek frontage, in fact double frontage to the historic creek which is a tributary of the Yarra River.
Its equine facilities include a 10 box stable complex with tack room, feed room and horse wash, undercover round yard, three day yards and external post and rail yards.
Vanessa Wylie is selling the farm her family has used as a weekender, with a focus on thoroughbred horses and Angus cattle.
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jchancellor-FAypfDUnLy

Pindanon Farm, Warburton listed

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Mortgage brokers, Mortgage Choice has reported property investor loan approvals have dipped to a 20-month low.
The proportion of its loan approvals going to property investors fell from 34% in May to 30% in June, the lowest share since late 2013, chief executive John Flavell told Fairfax Media.
He said it was the first data pointing to a slowdown in investor lending triggered by banks' tougher credit policies.
John Flavell also noted the changes to credit policies were having an impact on some first-home buyers trying to enter the market as property investors. 
"It doesn't knock out the foreign investor. It doesn't knock out middle-aged, middle Australia with heaps of equity access and excess income and high tax. 
"It knocks out the people who are trying to get in," he said. 
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Investor loan volumes dip: Mortgage Choice

<html><body><div class="cq-article-content-paras section">
Tony Abbott has vowed there will never be any increased taxes on superannuation under a Coalition government.
Following revelations that the government had been examining options, PM Tony Abbott was his most emphatic last Wednesday, according to the Australian Financial Review's Phil Coorey.
"We made a very clear commitment prior to the last election that there would be no adverse changes in superannuation under this government in this Parliament and we have made a very clear decision that we aren't ever going to increase the taxes on super, we aren't ever going to increase the restrictions on super, because super belongs to the people," he said.
Before the last election, Mr Abbott promised no adverse changes to super this term.
<div class="cq-article-content-paras section">
After Labor unveiled its policy, the Coalition ruled out taking any proposals to the next election.
</div>
<div class="cq-article-content-media section">Mr Abbott's statement makes the pledge permanent, the AFR noted. </div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">For more information on self-managed super funds (SMFS) and property investment, download Forrester Cohen's <a href="/news">U</a><a href="/news">ltimate guide to property investment, Part One, Property and SMSF here</a>.</div>
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Tony Abbott has vowed no increased taxes on superannuation under Coalition Government

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The former cricket champion Steve Waugh and his wife Lynette paid $56,000 for their 1515 sq m Alfords Point building block in 1986, two years after the start of his first-class cricket career.
The right-handed batsman, and a medium-pace bowler married Lynette in 1990.
This weekend the Federation-style home fetched a record $1.9 million, close to double CoreLogic RP Data's median house price in Alfords Point of $1 million.
It sold <a href="https://www.realestateview.com.au/Real-Estate/65-coachwood-crescent-alfords-point/Property-Details-buy-residential-8998212" target="_blank">through Matt Debreczeni at Ray White Menai</a>. The Sutherland Shire suburb went past $1 million in 2000, with its record sitting at <a href="https://www.realestateview.com.au/Real-Estate/43-lomandra-place-alfords-point/Property-Details-sold-residential-8443392" target="_blank">$1,685,000 since earlier this year,</a> some four years after a nearby $1,611,000 sale.
<img src="https://i1.au.reastatic.net/456x342/bd7c144a6bf600fe4b428bfd05df9d78787494a97079ae79b1fb400ca66dc665/main.jpg" alt="65 Coachwood Crescent, Alfords Point" title="65 Coachwood Crescent, Alfords Point" data-index="0">
CoreLogic RP Data pus its median house price a <a href="/news">just over $1 million for the first time.</a>
Bordering Mill Creek Reserve, the grand Alfords Point home has a resort style pool area.
They are off to a beachfront property in Cronulla which cost $4.275 million in 2013. It had been listed with $4.8 million hopes.
The former test captain bought it from the Ibbotson family who bought it from the Crompton family for $925,000 in 1994.
No one watching at the ground or on television <a href="https://www.thatscricket.com/australia/players/sr-waugh" target="_blank">will ever forget his last game</a> on the SCG.  
 
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Steve Waugh sells Alfords Point

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Gavin Hegney, of Hegney Property Group says Perth was suffering a classic case of confidence being below fundamentals.
<div>
"I think there's less risk of buying into Perth today than buying into the Sydney market," he told The Australian Financial Review.
"If you are buying in Sydney, you are buying into an emotive boom.
"In Perth, it's a classic case of confidence being below fundamentals."
</div>
<div>With the median house price in Perth at $545,000, he sees the downside risk as limited.</div>
<div> </div>
<div>"I'd suggest that whatever fall that's going to happen in Perth in the next 12 months, the fall will be larger in Sydney," he forecast.</div>
<div>
"At some stage in the next 12 months it will be the perfect buying market in Perth."
There are just under 14,000 houses, units and land for sale in metropolitan Perth, says reiwa.com, compared with 10,700 one year ago.
In May Gavin Hegney, of Perth-based valuers Hegney Property Group, said supply of property had surpassed demand - and home prices would likely drop in the coming year.
"People are using low interest rates to get ahead in their mortgage rather than upgrade," he said. "We'll give up 1 or 2 per cent this year."
Listed property valuation firm Landmark White recently acquired a 10 per cent stake in LMW Hegney, its joint venture partner in Western Australia, South Australia and the Northern Territory, for $550,000.
{mijopolls 119}
 
</div>
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Perth will be the perfect buying market: Gavin Hegney

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The REIV reported the top weekend auction locations were Reservoir and Yarraville with nine auctions in each, followed by Dandenong North with eight auctions.
The 2015 auction capital is Reservoir - for the second successive year, the REIV chief Enzo Raimondo noted adding Victoria's housing market secured the highest number of auction sales over any six-month period in Melbourne’s history – in the six months to 30 June.
Some <a href="/news">seven of the nine Reservoir weekend auctions</a> resulted in sale ranging between a $380,000 unit and<a href="https://www.realestate.com.au/property-house-vic-reservoir-119956609" target="_blank" style="line-height: 1.3em;"> </a>(pictured above) a $1 million 1920s house. 
<a href="/images/2015/07/06/reiv.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/06/reiv.jpg" alt="" width="1333" height="542">
A total of just over 13,000 homes were sold at auction over the past six months, compared to about 12,400 over the same period last year.
The biggest growth in sales was driven by outer Melbourne, with these suburbs seeing a 20% year-on-year increase – to 2,263 auction sales this year (compared to 1,879 in the first half 2014).
Enzo Raimondo said Melbourne’s reputation continued to grow as the auction capital of Australia, with traditionally private-sale suburbs now turning to auctions as buyer numbers trend upwards.
“The growth in auction sales in outer Melbourne has helped push the city’s clearance rate to a high 80%, compared to 73% this time last year,” he said.
Mr Raimondo said the large increase in auction sales in outer Melbourne reflects several factors, including a growing interest from owner occupiers in areas which are still affordable and within commuting distance of the CBD, and a growing number of investors securing homes in these areas.
One suburb, Wantirna South, has seen a 100% increase in auctions this year - from 36 for the first six months last year to 72 this year;
The middle suburbs had the highest proportion of auction sales in Melbourne, where 82% of properties going into auction were sold.
In other results, three eastern Melbourne suburbs recorded the next highest year-on-year increase in the number of auctions - Mount Waverley, Glen Waverley and Bayswater. 
Others in the top 10, which covered all of Victoria, were Rosebud and Shepparton.
“Melbourne’s east has seen some of the strongest growth in buyer activity and in median prices in Melbourne this year, leading to many more auctions in this region,” Mr Raimondo said.
The inner Melbourne suburb with most auctions this year is Richmond – where 230 homes have gone to auction, with 186 selling.
A clearance rate of 78% was recorded throughout June 2015, compared to 72% the same time last year.
"This is the highest clearance rate for the month since 2009," the REIV chief advised.
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Private treaty suburbs now enhancing Melbourne's auction crown: REIV Enzo Raimondo

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<div>
The Sydney home of late entertainer Stuart Wagstaff has been sold for $1,165,000 at auction today.
Wagstaff died in March this year aged 90. An investor beat off nine other registered bidders to secure it at above its $1 million official reserve.
<img src="https://i3.au.reastatic.net/800x600/653cae99727960c0e1af797f545237ac51084b379d85ee1cf0408e4bfb678da7/main.jpg" alt="33/37-45 Barry Street, Neutral Bay" title="33/37-45 Barry Street, Neutral Bay" data-index="0">
</div>
The eighth floor apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-neutral+bay-119984653" target="_blank">33/37-45 Barry St, Neutral Bay</a> has two bedrooms, along with a large entertaining balcony with views of the city.
Raine &amp; Horne Neutral Bay selling agent David Buttel had initial $950,000-plus expectations for the top floor 106 square metre Kentwood block offering with car space.
It was the actor's home for eight years, paying $660,000 in 2007 in the 1978 Mirvac-built complex.
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Stuart Wagstaff's Neutral Bay apartment sells

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An auction clearance rate of 76 per cent was recorded this weekend with 479 Melbourne auctions reported to the REIV.
It was down on the 79 per cent success rate recorded on the last weekend in June, and less than the 77 per cent the weekend before.
It was 73 per cent this weekend last year.
There were 864 auctions reported to the REIV last weekend.
The REIV was expecting about 600 auctions in 218 suburbs on the July 4 weekend.
The top auction locations on the weekend were Reservoir and Yarraville with nine auctions in each, followed by Dandenong North with eight auctions.
<img src="https://i3.au.reastatic.net/800x600/505317257e35a7311bbf0888ea063992a1ac9afac3517b5ad97f59f652a5fa65/main.jpg" alt="675 Moorooduc Highway, Moorooduc" title="675 Moorooduc Highway, Moorooduc" data-index="0">
With many suburbs heading into winter hibernation, the top sale (above) was a <a href="https://www.realestateview.com.au/Real-Estate/675-moorooduc-highway-moorooduc/Property-Details-buy-residential-8918176" target="_blank">hobby farm at Moorooduc</a> on the Mornington Peninsula. It was a single level 40 square home on the 28 hectares offered through McEwing Partners.
TOP 5 HOUSES
1. 675 Moorooduc Highway, Moorooduc $3,352,000 2. 17 Elmhurst Road, Blackburn $3,010,000 3. 10 Landen Avenue, Balwyn North $2,688,888 4. 9 Malua Street, Ormond $2,618,500 5. 42 Bell Street, Fitzroy $2,385,000
TOP 5 BARGAIN HOUSES
1. 10 Plantation Avenue, Frankston North $270,000 2. 4/41 Leonard Avenue, Noble Park $281,000 3. 2 Benalla Street, Dallas $317,000 4. 32 Warringa Crescent, Hoppers Crossing $350,000 5. 25 Billingham Road, Deer Park $363,500
 TOP 5 APARTMENTS
1. 302/2 Pier Street, Port Melbourne $2,525,000 2. 3/15 Parring Road, Balwyn $1,410,000 3. 9B Hillside Avenue, Bentleigh $1,320,000 4. 14 Davies Street, Port Melbourne $1,250,000 5. 19A Clements Street, Bentleigh East $1,200,000
TOP 5 BARGAIN APARTMENTS
1. 1/62 Victoria Street, Hastings $281,000 2. 6/55 Wellington Street, Flemington $320,000 3. 6/47 Rathcown Road, Reservoir $343,000 4. 1/29 Gladstone Parade, Glenroy $350,000 5. 19/48 Passfield Street, Brunswick West $350,000
<a href="https://www.reiv.com.au/Property-Research" target="_blank">Source REIV</a>
A clearance rate of 78 per cent was recorded throughout June 2015, compared to 72 per cent last June.
"This is the highest clearance rate for the month since 2009," REIV chief Enzo Raimondo advised.
There were around 2,300 auction sales in June 2015 compared to 2,100 over the same period last year. 
The suburbs with the highest number of auction sales for the month were Balwyn North (39 sales), Reservoir (38 sales) and Glen Waverley (37 sales).
Balwyn Norh maintained its regular appearance in the REIV top five sale with 10 Landen Avenue, Balwyn North fetching $2,688,888 in is recently notified sale result.
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Moorooduc's time to shine as Melbourne weekend auction success rate slips to 76%: REIV

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A former Newtown, Sydney church which hit the market with $2.25 million plus hopes sold at auction today for $2.55 million.
Tibetan Buddhist meditation monks were the buyers with plans for a temple.
Sydney's overall auction result sat at 83.3%, compared to the adjusted 80.2% last week and 69% on the same Saturday last year, according to APM. 
The 158 Australia Street offering sold at auction with five registered bidders through BresicWhitney Glebe agent Chris Nunn <a href="/expert-insights/investing/empty-newtown-warehouse-church-for-july-auction">who suggested it was also suitable for a single residential conversion or a multi-unit development or subdivision</a>. 
It comes with direct access to one of inner Sydney's popular parklands, the Camperdown Memorial Rest Park from its 256sqm residential zoned holding.
Behind its striking brick facade, it retains original industrial warehouse elements.
It was the former church of the Four Square Gospel. The property was listed by investor Theo Onisforou who paid $1.9 million, plus gst, in February this year. 
Last month investment banker Alastair Walton bought a Leichhardt warehouse paying $1.55 million for the former sign warehouse property, at 26 Mackenzie Street.
BresicWhitney recently sold another warehouse – with a heart-shaped swimming pool – in Davies Street, Surry Hills for $7.55 million, a suburb record. 
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Sydney's 83.3% auction clearance rate as Tibetan monks buy former Four Square Gospel church in Newtown 

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St.George Bank Group has introduced a new competitive rate of 4.19% p.a. for its Basic Home Loan across St George , Bank of Melbourne and Bank SA. The promotional rate, effective from 1 July 2015, is available to new owner occupier Basic Home Loan applications and for existing customers switching into a new fixed rate.
Mozo reported no rate changes by the major banks in the home loan arena, but there were some more variable RBA rate cuts over June, as a result of the RBA cutting the official cash rate to 2% in May.
"The lowest variable rate of 3.94% is available from <a href="https://www.propertyobserver.com.au/https://mozo.com.au/home-loans/information/homestar/Basic-Refinance-Loan-Principal-&amp;-Interest,-Owner-Occupier/5514" target="_blank">Homestar</a> (owner occupier refinancing with LVR up to 70%) and Mortgage House (owner occupier with LVR up to 50%). 3.98% is the next best, available from both Homestar (up to 95% LVR) and Freedomlend (up to 80% LVR)," Mozo advised this week.
"Over June we started to see longer term fixed rates creep up, with 10 lenders increasing rates for terms of three years or longer. 
"We expect this trend will continue, however many long term rates haven’t moved yet and there’s plenty of competition for 1 and 2 year rates," <a href="https://mozo.com.au/blog/2015/07/mozo-rate-chasers-roundup-june-2015/" target="_blank">the Mozo rate chasers blog noted</a>.
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Long term fixed rates crept up for June home borrowers: Mozo

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Joel Robinson

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower plans

ALAND has taken the next major step in delivering its vision for Leppington Town Centre, lodging State Significant Development plans for a $549 million residential precinct that would bring more than 1,200 new homes within walking distance of Leppington Station.

The proposal, now on public exhibition, forms the Residential Core Precinct of the broader Leppington Town Centre masterplan and would transform a 4.3-hectare site at <a href="https://www.apartments.com.au/new-apartments/156-166-rickard-road-leppington-nsw-2179">156-166 Rickard Road</a> into a high-density mixed-use neighbourhood comprising nine residential buildings rising between six and 25 storeys.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="fc20982d-a0a9-4989-8fb3-680ca9fdcd10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.44%E2%80%AFAM.png?VersionId=l5EEyS6Dkf_SLDQkwDeyAU2nXkSZP2RW" />

The development has been designed by Rothelowman and is being pursued through a State Significant Development Application alongside a concurrent rezoning request under the NSW Government's Housing Delivery Authority pathway.

If approved, the project would deliver 1,206 dwellings, including 784 build-to-sell apartments, 208 build-to-rent apartments, 189 affordable housing units and a nine-storey serviced apartment building containing 112 rooms. The proposal also includes around 7,400 sqm of non-residential floor space, new public open space, communal recreation areas and a new internal street network.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="c4f80d3b-cb05-4068-8a87-808317807a99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.36%E2%80%AFAM.png?VersionId=KfPqh1JBuxc53IWntEzGHAeBaCLmRmum" />

<h2 data-end="1990" data-section-id="s6350" data-start="1941">A key piece of Leppington's future town centre</h2>

The site sits around 250 metres from Leppington Station, which opened in 2015 as the terminus of the South West Rail Link and has long been earmarked as the catalyst for the suburb's transformation from a rural fringe location into a major strategic centre for Western Sydney.

Leppington has become increasingly important following the announcement of the Western Sydney International Airport and the emergence of Bradfield City Centre, with government planning identifying the precinct as a significant location for future housing and employment growth.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="8ca0f098-affc-48c0-80d3-468ea090a20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.26%E2%80%AFAM.png?VersionId=o3mwgBFT6H9YUllI0JR.JfLsUYQy1CTa" />

According to Rothelowman, the proposal responds directly to Leppington's unique position between its agricultural past and its urban future.

"The site offers an opportunity to weave together multiple layers of history, from its ancient connections to Country along the ridgeline between two waterways and its origins as part of the Cumberland woodland, to its more recent agricultural uses, and its future as a new residential community," the architects said in the design report.

The architects said the project aims to establish a high-density residential typology that combines apartment living with extensive landscaping and public open space.

"The design responds by establishing a high-density typology that combines the convenience and amenity of contemporary apartment living with a renewed native landscape."

<h2 data-end="3541" data-section-id="1ko88s2" data-start="3485">Nine buildings arranged around parks and public space</h2>

The proposal has been designed around a landscape-led framework rather than a traditional podium-and-tower approach.

Across the site, approximately 7,500 sqm of public open space would be delivered through a network of north-south and east-west linear parks, connecting into the wider Leppington Town Centre open space network. A further 8,000 sqm of communal open space would be provided for residents.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f5113abf-5440-4610-9cdc-60a0d41a407e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.55%E2%80%AFAM.png?VersionId=k8zLMj4yZS4hStmGzZJfosjj5iArwIek" />

Rothelowman said the design seeks to maximise landscaping at ground level by concentrating development into compact tower footprints.

"Buildings are carefully lifted and distributed to minimise disturbance to the natural terrain, allowing the ground plane to remain open, permeable, and led by landscape," the design report states.

Rather than creating a continuous podium edge, the design team has focused on allowing landscaping to extend beneath and around the buildings.

"The ground plane is conceived as an extension of the surrounding environment, allowing landscape to flow up to and beneath the built forms."

The architectural language also draws on the area's natural landscape, with Rothelowman describing a material palette influenced by local gum trees, bark textures, creek systems and sandstone tones.

<h2 data-end="4971" data-section-id="s69utu" data-start="4922">Affordable housing and build-to-rent component</h2>

One of the more significant aspects of the proposal is the diversity of housing typologies.

In addition to traditional apartments for sale, the scheme includes a dedicated 25-storey build-to-rent building with 208 apartments and a 22-storey affordable housing building containing 189 homes.

The affordable housing component represents almost 16 per cent of the total dwellings proposed within the Residential Core Precinct.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f87e6808-e462-44c6-bfa8-a3de1816f2e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.33.36%E2%80%AFAM.png?VersionId=WTsRKiUAyWw18S5S98yQB5oVuDcnJTxB" />

Community consultation undertaken ahead of the lodgement found support for additional housing in the area, particularly given ongoing affordability challenges across South West Sydney. Survey work conducted with local residents found housing affordability was one of the poorest-rated aspects of living in Leppington, while a majority of respondents were open to additional housing within the local government area.

The site's proximity to Leppington Station was identified as the most positively viewed aspect of the proposal, while public open space and affordable housing provisions also received majority support.

<h2 data-end="6184" data-section-id="1ngkie4" data-start="6140">Part of Leppington's broader expansion</h2>

ALAND will be a significant contributor to the broader vision for Leppington Town Centre, which is expected to accommodate more than 25,000 residents as the precinct evolves over the coming decades.

Located within Sydney's South West Growth Area, the 440-hectare Leppington Town Centre has been identified by the NSW Government as a strategic centre spanning both the Liverpool and Camden local government areas.

In 2023, Liverpool City Council and Camden Council, supported by the NSW Department of Planning and Environment, prepared a draft planning proposal to rezone land and amend development controls across a number of sites within the town centre.

The proposal outlines a new vision for Leppington Town Centre, reducing the amount of land allocated for business park uses while increasing land zoned for commercial development, housing and open space. The changes are designed to optimise land use across the precinct and support the delivery of a more walkable, transit-oriented centre anchored by Leppington Station.

&nbsp;

ALAND plots 1,200-home Leppington masterplan

Brisbane-based developer <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a>&nbsp;has enlisted renowned architecture firm Koichi Takada Architects to design its latest new apartment development.

The new 34-storey tower at <a href="https://www.apartments.com.au/new-apartments/57-berwick-street-fortitude-valley-qld-4006">57 Berwick Street, Fortitude Valley</a>,&nbsp;will have 189 apartments, complete with interiors by <a href="https://www.apartments.com.au/architects/byculprit">byCULPRIT</a>. The upper levels&nbsp;capturing views across the Story Bridge, city skyline, ranges, bay and river.

Residents will have access to a rooftop amenity floor with facilities including a pool, spa, sauna, hot and cold treatment, meditation garden, gym, yoga studio, private dining, BBQ, games lounge, wine display wall, work library, meeting rooms and outdoor work areas.

<a href="https://www.apartments.com.au/developers/trk-property-group">TRK</a> Founder and Managing Director, Arpan Kohli, said it will be a project "Brisbane hasn't seen before."

&nbsp;

"To deliver a project of this calibre, you need the right people involved," Kohli said.

"Koichi Takada Architects and byCULPRIT set the benchmarks for design excellence, and this project reflects that - a building of genuine architectural significance in one of Brisbane's most coveted locations, sitting between Howard Smith Wharves and the James Street precinct."

TRK recently launched <a href="https://www.apartments.com.au/new-townhouses/laya-residences-taigum-203-beams-road-taigum-qld-4018">LAYA Residences in Taigum</a>, 88 three-bedroom townhouses starting from $1,495,000. They have another apartment site in Indooroopilly, at <a href="https://www.apartments.com.au/new-apartments/140-central-avenue-indooroopilly-qld-4068">140 Central Avenue</a>. That will have 131 apartments.&nbsp;

&nbsp;

Jonathan Chancellor

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