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The Vincent Hotel in Albert Park has had its leasehold sold by Colliers International agent Pat Connolly to the Dixon Hospitality Group.
It follows the group’s acquisitions of the Wayside Inn in South Melbourne and Station Hotel in Footscray in 2014, sales were also negotiated by Mr Connolly.
The Vincent Hotel was established as the Red Eagle Hotel by JB Leech in 1889. It was, and still is, one of the largest hotels in the inner suburbs of Melbourne.
The hotel’s name was changed to The Nest in 2005, then The Vincent in 2012. It hosted Kylie Minogue's 21st birthday.
Michael Dixon, of the Dixon Group, said the new owners intended to offer a relaxed dining atmosphere with a heavy emphasis on quality functions.
The group’s executive chef Josh Rudd has launched a new menu.
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jchancellor-FAypfDUnLy

Vincent Hotel leasehold sold to Dixon Hospitaility

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Non-bank lenders are set to be flooded with interest from investor borrowers as loans from the Big 4 dry up in response to pressure from APRA, the loan comparison website, Mozo forecast. 
“Non-bank lenders are likely to reap the rewards of investors being turned away by the big banks,” said Mozo home loan expert, Steve Jovcevski. 
“Some investors are having applications rejected, resulting in a flurry of panicked refinancers flooding the market, especially those settling on properties as early as this week.”
“In particular, those who have bought properties off the plan will get a rude shock when it comes to financing their purchases,” he said.
"Mozo’s advice for investors is to look beyond the big four to non-bank lenders to secure an investor loan.  
"Out of 83 lenders on Mozo, 48 are non-bank lenders and not strictly under regulation by APRA," he said. 
The average Big 4 variable rate is 4.69% while the top rate from a non-bank lender is a low 3.98%. 
Top 5 non-bank loan rates:
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="133">
Lender
</td>
<td valign="top" width="85">
Rate
</td>
<td valign="top" width="99">
Comparison rate
</td>
<td valign="top" width="99">
Max LVR 
</td>
</tr>
<tr>
<td valign="top" width="133">
Homestar
</td>
<td valign="top" width="85">
3.98%
</td>
<td valign="top" width="99">
4.01%
</td>
<td valign="top" width="99">
95%
</td>
</tr>
<tr>
<td valign="top" width="133">
Loans.com.au
</td>
<td valign="top" width="85">
3.98%
</td>
<td valign="top" width="99">
4.00%
</td>
<td valign="top" width="99">
90%
</td>
</tr>
<tr>
<td valign="top" width="133">
iMortgage
</td>
<td valign="top" width="85">
4.04%
</td>
<td valign="top" width="99">
4.08%
</td>
<td valign="top" width="99">
90%
</td>
</tr>
<tr>
<td valign="top" width="133">
Newcastle Permanent
</td>
<td valign="top" width="85">
4.09%
</td>
<td valign="top" width="99">
4.45%
</td>
<td valign="top" width="99">
80%
</td>
</tr>
<tr>
<td valign="top" width="133">
State Custodians
</td>
<td valign="top" width="85">
4.09%
</td>
<td valign="top" width="99">
4.42%
</td>
<td valign="top" width="99">
80%
</td>
</tr>
<tr>
<td colspan="4" valign="top" width="417">
Based on a $300k loan amount. Loans available to investors and owner occupiers.
Source: Mozo.com.au as at 22/5/15
</td>
</tr>
</tbody></table>
“Not being strictly regulated by APRA doesn’t mean it will be a walk in the park, these lenders will still be cautious as a result of the actions of the majors,” said Jovcevski.
“If you were looking to buy as an investment, it might mean a trip back to the drawing board to save more.”
“Across the board, serviceability measures will be more stringent so it’s even more important to have a solid savings history and a good payment record. Worst case scenario you may need to lower your purchase budget in order to borrow with an 80% LVR,” said Jovcevski. 
For information on property loans, rates and more, visit Mozo.com.au or <a href="http://propertyobserver.com.au/forward-planning/tools/ebooks-and-webinars/42368-get-loan-savvy-expert-tips-for-a-first-time-investment-or-refinancing-loan-in-a-free-ebook" target="_blank">click here</a> for the free Property Observer eBook, Get loan-savvy – tips for a first time, investment or refinancing loan, which helps you decide on a home loan that meets your requirements.
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Mozo forecast non-bank lenders to reap shocked off the plan borrowers in APRA crackdown

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Three Melbourne hospitality premises leased by chef George Calombaris have been listed for sale by his landlord and business parter, George Sykiois.
They host Calombaris’ restaurants Gazi, The Press Club and The Press Club Projects.
Located at 2 Exhibition Street and 52 &amp; 72 Flinders Street, the sale comprises three titles on one long term lease to Calombaris' flagship businesses, under the Made Establishment banner.
There are reported expectations of around $9 million.
Mr Calombaris' popular restaurants are returning about $420,000 net annual rent.
The move has come not long after Calombaris engaged March Studios to undertake a $3 million refurbishment of the three tenancies.
The expressions of interest process closes June 25.
CBRE in conjunction with Fitzroys have secured early interest already been from private owners in the area as well as syndicates of doctors and lawyers looking to place their funds into a secure long term investment.
 
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The Press Club and Gazi premises for sale

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<div>
NSW Kids in Need - which assists six smaller charities - holds its first major fundraiser this weekend on Saturday May 30.
It is billed as the World's Largest Open House.
Sydney offices - normally restricted to staff - will be open including office space within Deutsche Bank Place, Australia Square, Grosvenor Place, Farrar Place, 50 Martin Place and Citigroup Tower.
Of course 50 Martin Place which was constructed in 1927, underwent an impressive development between 2012 and 2014, and reopened as Macquarie Group’s global headquarters in 2014.  
Macquarie and their team of architects and builders were awarded a 6-star Green Star Rating from the Green Building Council of Australia.
There will be a special presentation by Paul van Ratingen - Lead Architect at Johnson Pilton Walker at 11.30am on Saturday, though seats are limited.
It was formerly the Commonwealth Bank building, and the sometime model for its money boxes issued by the bank.
The CBD access tickets are $10. 
</div>
<div><img src="/images/2015/05/27/Screen%20Shot%202015-05-27%20at%209.55.22%20AM.png" alt=""></div>
<div> </div>
<div>NSW Kids in Need Foundation Limited fundraises for six kid’s charities (Bear Cottage Children’s Hospice, Central Coast Kids In Need, Duke of Edinburgh’s International Award - Australia, Muscular Dystrophy NSW, SHINE For Kids, The Burns Unit at the Children's Hospital at Westmead) to make a real difference in the lives of children. </div>
<div> </div>
<div>Entry is via pre-paid ticket which can be <a href="https://nswkidsinneed.org.au/events/venue/50-martin-place/" target="_blank">purchased online here</a>. </div>
<div> </div>
<div> </div>
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Sydney CBD office open day - for NSW Kids in Need charity

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Ben and Danielle's mortgage is $405,000. They are the newlywed Brisbane couple on the latest series of the hit Channel 7 show, House Rules.
He's a firefighter and Danielle wants to pursue being an artist, but works as a town planner.
They bought the Brisbane home four years ago.
Danielle was nervous about what their "forever house" will look like after renovation by virtual strangers.
"We could never have done a full reno on it. There's just too much to do," said Ben.
Newlyweds Ben and Danielle always wanted a home in one of Brisbane's most expensive areas.
Their dream came true in 2011 but it meant buying the worst house in the suburb.
The couple liken their 1970s split-level brick abode to a ski chalet with timber cladding and outdated finishes.
The pair - who celebrated their first anniversary in October last year – bought the home from an elderly couple who'd raised their family there.
"They left us a bottle of wine and a card saying, ‘We hope you spend as many happy years as we did here,'" Danielle says.
<img src="/images/2015/05/27/Screen%20Shot%202015-05-27%20at%209.46.16%20AM.png" alt="">
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Ben and Danielle's $405,000 House Rules Brisbane mortgage

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The McGrath estate agency was expected to generate earnings before interest and tax of about $20 million in fiscal 2016 and net profit of about $15 million, according to The Australian Financial Review which has again updated details on the prospect that John McGrath intends floating his estate agency around November.
The Street Talk column advised his plans to sell down a meaningful stake in his business as part of a mooted $200 million initial pubic offering.
"Street Talk understands the exact size of McGrath's sell down is contingent upon a number of factors including the sale route and whether the company undertakes a significant acquisition before any transaction," it said.
Increasing loose sources said Bell Potter and JPMorgan are in the box seat to secure the advisory roles.
Luminis Partners is advising the company.
<div>
The sources said McGrath was eyeing a major acquisition that would boost earnings materially before the float. 
The Australian says McGrath Estate Agents is aiming to raise $100 million.
 
 
</div>
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John McGrath nearing mooted $200 million IPO

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<div>Frasers Property is auctioning a four-bedroom family home at its master-planned Putney Hill neighbourhood.</div>
<div> </div>
<div>76 Lardelli Drive, a freestanding home designed by Cox Richardson, sits at one end of the picturesque Lardelli Park. </div>
<div> </div>
<div>Styled by Coco Republic, the trophy residence will be auctioned by Vic Lorusso on June 13 with a $1.85 million plus price guidance.</div>
<div> </div>
<div>Frasers Property Sales marketing director Paul Lowe said the decision was taken to sell by auction gave all an equal chance of buying this newly completed house which served as the display suite.</div>
<div> </div>
<div>To date all opportunity to buy from the developer in the <a href="https://putneyhill.com.au" target="_blank">Putney Hill precinct</a> have been initially offered via off the plan private treaty. </div>
<div> </div>
<div>Putney Hill is a 13.9-hectare master-planned community on the border of Putney and Ryde, 13 kilometres from the Sydney CBD.</div>
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Cox Richardson-designed Putney Hill family home for auction

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The Anglican Diocese of Newcastle has sold Bishopscourt on The Hill to a local purchaser.
The sale was negotiated by Scott Walkom and Kate Rundle of Walkom Real Estate with the Diocese confirming that the price achieved was in excess of the amount mentioned in recent media reports.
The church was reported as expecting to sell for more than $4.75 million. 
<a href="https://www.domain.com.au/for-sale/34-brown-street-newcastle-nsw-2300-2011896329" target="_blank" style="line-height: 1.3em;">The 4,130 square metre Brown Street property</a> housed the city’s successive Anglican bishops until current bishop Greg Thompson chose to reside elsewhere.
The seven bedroom, four bathroom 1929 Bishopscourt is not heritage listed but parts of its grounds are. 
Last year, the Anglican Synod gave the greenlight for the Newcastle sale to be considered. At the time Bishop Greg Thompson asked the Synod to consider “the economics of having this property, the suitability of it as the home of the Bishop and family, and the historic sentiment of previous bishops who lived within it.” 
The Diocesan Council and Trustees of Church Property approved the sale in March. The proceeds of the sale will go towards providing a residence for the Bishop of Newcastle and any additional funds will be invested to both look after that property and to assist with the costs of episcopal ministry in the Diocese.
<a href="/news/unsold-bishopscourt-darling-point-gets-eighth-archbishop-he-said-she-said">The Sydney Bishopscourt</a> failed to sell on its recent listing.
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Bishopscourt, Newcastle sold by Anglican Diocese

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On the market since September 2013, Sydney's priciest trophy estate, Elaine at Double Bay, is now being primed to be developed into a private four home luxury harbourside compound. 
Vendor John B. Fairfax has submitted plans to Woollahra Council for two new homes, each on 2000 square metres fronting Seven Shillings Beach costing $3.7 million and $3.9 million, and alterations and additions to its two existing dwellings.
The main quite-dated Elaine home would undergo a $4.75 million update.
The total estimated Tanner Kibble Denton Architects works are put at $13.75 million.
"By virtue of its value, the estate has a small buyer pool and whilst we have had significant interest I now think it is necessary to explore other options for the sale, at the same time being hopeful of it being sold in one line."
The option of subdividing the 6,900 square metre estate has been on the books since a 1980s council approval for subdivision of the property into six titles, with a carriageway to the beachfront lots.
In February this year the businessman John B Fairfax listed the Double Bay harbourfront estate, Elaine for rent after tenants had vacated the trophy home property that remains <a href="https://www.christiesrealestate.com/eng/sales/detail/170-l-86-1310101657419473/elaine-point-piper-sydney-sw-2027" target="_blank" style="line-height: 1.3em;">for sale</a> on the Christies International Real Estate website.
“The development application Mr Fairfax has submitted actually increases the likelihood of selling in one line as it provides the flexibility to build on the site,” agent Ken Jacobs told The Wentworth Courier.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2015/02/25/3.jpg" alt="">
The six-title offering of 6,900 square metres, at 550 New South Head Road, (highlighted below), has been in the publishing family for 100 plus years, but tenanted over the past two decades by the prudent Edgecliff based publisher and pastoralist.
It has been leased since 1996, first to the boutique property developers Bob Rose and his wife Margaret, and in 2005 to venture capitalist Cameron O'Reilly.
Its most recent tenants were the joint chief investment officer of Caledonia Investments, Mark Nelson, and his wife, Louise.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/09/17/doublke-bay-sept-18-one.jpg" alt="doublke-bay-sept-18-one" width="470" height="357">
Sydney's official record price stands with Altona in Point Piper at $52 million sale last year. Villa Veneto, also at Point Piper, is reputed to have sold for around $52 million in 2010, but without confirmatory documentation. 
Elaine has been traded or handed down within the Fairfax family since bought by Geoffrey Evan Fairfax for £2,100 over 100 years ago.
The exclusive listing agent Ken Jacobs who had a <a href="https://www.propertyobserver.com.au/https://vimeo.com/82254294" target="_blank">video marketing campaign</a> kick off the international sales campaign early 2014 has always maintained a record price would be achieved for the holding.
No formal price guide was ever offered, but an absurd $100 million calculation published on its marketing debut in the Fairfax press cruelled its sale prospects. 
The wayward $100 million price estimate was based on extrapolating the 53-metre beach frontage premium to the entire 6,900 square metre land holding, with the New South Head Road frontage clearly unlikely to warrant the Seven Shillings beachfront premium. The headline suggested $100 million while the article speculated as high as $112 million.
"The greatest value of the estate is maintaining the property in one line, as the site is unrepeatable," Ken Jacobs has repeatedly advised.
Any new housing approvals within Elaine could make the site more attractive to ultra high net worth individuals who want the family members elsewhere within what would a prized compound.
Approvals as a multi generational family estate could then see the Australian record sale.
Ofcourse that honour rests with Chris Ellison, the Mosman Park, WA mining millionaire, and his wife, Tia and their $57.5 million Swan River luxury riverfront estate.
Significantly Ellison, the founder, major shareholder and the executive director of Mineral Resources, highlights the compound trend as since the initial late 2009 record purchase two additional homes have been added into the estate. 
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Elaine, Double Bay - the tired trophy home too lonesome for one billionaire buyer?

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An Adelaide man has faced court accused of deception totalling $12 million, charged with 12 counts of deception.
ASIC alleges former Burnside mortgage broker Michael Samra operated a Ponzi scheme with promises of high returns on the investment, some up to 30% to 48% a year.
Following an ASIC investigation, Michael Samra faced Adelaide Magistrates Court on May 22, 2015.
ASIC alleges Mr Samra induced investors to loan his company, ALC Group Pty Ltd, money on the basis that it would be on-lent to unnamed builders or property developers on a short term basis.
About $66 million came into the ALC bank account over a seven month period with the majority of funds paid out to investors before the collapse of Norwood-based ALC Group in 2009 owing liabilities of $40 million.
Mr Samra, who was not required to enter a plea, was bailed.
The matter will return to court on July 28, 2015.
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Adelaide $66 million property ponzi court charges by ASIC 

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<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]

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.

Jonathan Chancellor

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