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The 2006 contemporary eight bedroom Hamilton home in Brisbane has been listed by the property developer Don O'Rorke with his wife Natasha.
They and their seven children; Allie, 24, Izzy, 21, Tom, 11, Oliver, 10, twins Jonathan and Chloe, 7, and William, 5, are off to Brookfield acreage in the western suburbs.
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Set on one of Brisbane’s most prized riverfront streets, the Hamilton home called Balaam has eight bedrooms and nine bathrooms. 
It was listed in the 100 Dream Houses from Downunder book. It is listed through Ray White New Farm agent Matt Lancashire who described it is as a meticulously designed 1,034 square metre palatial family.
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Set across its 1,609 square metre block, the house was designed by Shaun Lockyer, <a href="https://www.arkhefield.com.au/projects/balaam-house/#sthash.ZUCW5pGu.dpbs" target="_blank">built from white concrete, timber and zinc</a>. 
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Arkhefeild was the design architect and interior designer, with the project managed by Blades Project Management. 
Brisbane's top home sale was last August when $14 million was paid by mining magnate Gina Rinehart in Hawthorne, along with the neighbouring $4 million holding.
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Hamilton, Brisbane Shaun Lockyer-designed home listed by property developer Don O'Rorke

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Nuntherungie Station, the pastoral holding once held by the iconic Sir Sidney Kidman, in NSW's far west has been listed for sale.
The price indication is $24 per acre.
The White Cliffs farm is 57,868 hectares or 143,000 acres. 
It is in the Broken Hill region with an early 1900s historic homestead. White Cliffs is a small town in outback New South Wales in Australia, in Central Darling Shire, around 255 kilometres north-east of Broken Hill.
It has been listed by <a href="https://www.realestate.com.au/property-livestock-nsw-white+cliffs-7709771" target="_blank">Scott Inglis at Inglis Realty</a>.
"Nuntherungie is a rare opportunity to run a Station of this size in Western NSW," Inglis said.
"With several possible income streams and a bright time ahead with lamb and beef prices rising, not to forgetting the incredible return from the goat market."
The grazing farm at 13553 Mutawintji Road is separated into 18 paddocks with 27 tanks.
"Nuntherungie Station would be a fine addition to any pastoral holding as it was for the iconic Sir Sidney Kidman in the early 1900s," Inglis said. 
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Nuntherungie Station, the former Sir Sidney Kidman Broken Hill farm, listed

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Later this month BresicWhitney will be pioneering online auctions for an inner Sydney residential offering.
<a href="https://www.bresicwhitney.com.au/buy/77a-ryan-street-lilyfield-10366" target="_blank">It is a three bedroom Lilyfield listing</a> with $1.3 million plus hopes is being offered via <a href="https://exchangehouse.com.au/auction_details.php?name=&amp;auction_id=100579&amp;sesuburb=lilyfield" target="_blank">EXCHANGEHOUSE.COM.AU</a>. 
It is in Lilyfield's premier tree-lined cul-de-sac. It last sold in 2005 at $790,000.
There are currently five registered bidders watching the offering, on the Monday before its scheduled weekend wrap-up. The Opening Bid Call (OBC) is the price the auction will start bidding at within a reasonable range of the reserve. All bids are binding and any bid can be accepted. Under auction rules contracts are exchanged unconditionally with no cooling off period.
The online auction continues as long as bids are being made. It ends when a bid sits for a full 24 hours.
The bidding is scheduled to start at 11.15am, February 21 with bidders able to register to bid anytime before this date.
"I was approached by this client asking if I would be interested in representing them through this medium," BresicWhitney Balmain agent Adian Oddi told Property Observer.
"I was keen to do it, the online auction concept has obviously been incredibly successful for some time now.
"I was curious how this would translate to the real estate space.
"So far so good, it's only early days however were expecting our first bid in the next couple of days.
"If wait to the last second to bid, the deadline will be extended by another 24 hours."
To data most online auctions have been rural, rather than in the heart of onsite auction territory.
Buyers have up to 24hrs to increase on each bid.
It is marketed to potential online vendors as saving on auctioneers fee, costing only $395 to list. There is currently a free offer.
"Why spend thousands of dollars and weeks of time on a marketing campaign to then rush a 5min auction to a limited audience?" Exchangehouse suggests.
Exchangehouse, for owners to list their properties via their agent, has been developed over the last three years by Mark Jamieson, a property executive with over 15 years industry experience and Jonathan Elepano, an IT expert with over 20 years experience in the technology sector.
Jonathan Elepano is the vendor of the Lilyfield offering. 
The following conditions are applicable to the sale by auction of residential property or rural land by Exchangehouse:
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<li>The Principal’s (Seller) reserve price has been provided, in writing, to Exchangehouse (the Auctioneer) for all properties listed and before bidding commences,</li>
<li>The highest bidder is the Purchaser, subject to any reserve price,</li>
<li>In the event of a disputed bid, Exchangehouse is the sole arbitrator and its decision is final,</li>
<li>Exchangehouse may refuse to accept any bid that, in its opinion, is not in the best interests of the Seller,</li>
<li>A bidder is taken to be the Purchaser unless, before bidding, the bidder provides Exchangehouse (via upload) with a full copy of a written authority to bid for or on behalf of another person,</li>
<li>A bid cannot be made or accepted after the auction closes,</li>
<li>As soon as practicable after the auction closes, Exchangehouse will sign the contract for sale. The Purchaser gives their express and unconditional consent to Exchangehouse to sign the contract on their behalf and exchange,</li>
<li>In this event, the Purchaser will take immediate action to pay the required deposit (to the deposit holder as per the contract) no later than 48 hours after the close of the auction,</li>
<li>All bidders must be registered in the Exchangehouse Bidders Record for the specific property, before being able to place a bid,</li>
<li>Exchangehouse DOES NOT facilitate vendor bids, except where; - A Vendor may bid more than once to purchase the interest of a co-owner, or - A bid by or on behalf of an executor or administrator to purchase in that capacity 
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<li>Exchangehouse advises that bids to purchase the interests of another co-owner or to purchase as executor or administrator, may be made by or on behalf of the Seller,</li>
<li>In this event, Exchangehouse will clearly indicate and label any bid/s that are made by a co-owner, executor or administrator or any person registered to bid on behalf of any co-owner, executor or administrator. </li>
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BresicWhitney pioneering online auctions in inner Sydney onsite heartland

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Sydney's 82% weekend auction success rate was right up there.
The weekend was the second with reasonable 2015 auction offerings, with the results from Domain Group's Australian Property Monitors up from the initial revised 69% of last weekend, January 30.
There were 297 offerings in Sydney, with results in for 272.
Melbourne's weekend auction success rate was a bit more pedestrian at 67%, which was not too dissimilar to the 65% of last weekend.
The REIV reported a catchup clearance rate of 61% had been recorded between 22 December 2014 and 7 February 2014.
The APM dearest February 7 weekend auction sales results
<table style="width: 460px; height: 119px;" border="0" cellspacing="0" cellpadding="5"><tbody align="left">
<tr id="ecxrpMostExpensive_trMostExpensiveRow_0">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_0">27 Riverside Dr, Sans Souci NSW 2219, 3 br House, R&amp;H Sans Souci $2.7m</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_1">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_1">6 Bishop Ct, Mount Waverley VIC 3149, 2 br House, Jellis Craig $1.48m</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_2">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_2">22 Preston Av, Brighton SA 5048, 3 br House, Gary J Smith RE Glenelg $908,000</td>
</tr>
<tr id="ecxrpMostExpensive_trMostExpensiveRow_3">
<td id="ecxrpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="ecxrpMostExpensive_tdMostExpensiveLocation_3">7 Rule St, Hendra QLD 4011, 6 br House, RW Ascot $1.52m</td>
</tr>
</tbody></table>
The APM most affordable sales 
<table style="width: 460px; height: 96px;" border="0" cellspacing="0" cellpadding="5"><tbody align="left">
<tr id="ecxrpMostAffordable_trMostAffordableRow_0">
<td id="ecxrpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_0">6/20 Equity Pl, Canley Vale NSW 2166, 2 br Unit, C21 Southwest Fairfield $307,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_1">
<td id="ecxrpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_1">4/32 Birdwood St, Frankston VIC 3199, 2 br Unit, C21 Home Port $215,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_2">
<td id="ecxrpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_2">5/56 Northcote Tce, Gilberton SA 5081, 2 br Unit, LJH Modbury $365,000</td>
</tr>
<tr id="ecxrpMostAffordable_trMostAffordableRow_3">
<td id="ecxrpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="ecxrpMostAffordable_tdMostAffordableLocation_3">12 Hope St, Kingston QLD 4114, 4 br House, Professionals Logan Lifestyles $248,000</td>
</tr>
</tbody></table>
On the same weekend last year Sydney had a strong 78% clearance rate from 301 listings. Melbourne had 261 offerings and a 67% success rate this time last year. 
APM's senior economist Dr Andrew Wilson noted the "super strong" clearance rate in Sydney at 82.4% was achieved from significantly higher listings than last weekend's 97. 
"The market remains white hot as interest rates fall," <a href="https://twitter.com/docandrewwilson" target="_blank">he tweeted</a> to his 933 followers.
AMP Capital economist Shane Oliver had a different interpretation suggesting yes the auction clearances were solid: But he tweeted "Syd 82% (likely 78% after revisions), yr ago 79%; Melb 67%, yr ago 68%." "Can't see big impact from rate cut though," he tweeted.
The ABC reported on a Port Hedland auction where the fibro cottage was passed in at auction for $360,000 unsold - its highest offer reflecting 2006 price levels.
It last traded four years ago for $1.3 million, and before that at $870,000 in 2009 and at $350,000 nine years ago in 2006. 
The three bedroom, one bathroom 1960s house sits in the heart of the Western Australian mining town. It is within the business and commercial district, opposite developments and not far from the boat ramp, Marapikarrinya Park, and fishing wharf.
<img src="https://i1.au.reastatic.net/456x342/49a5c01f21af367a5de7fb681e52e33ab038ed15221a465a6c2527b549f59a26/main.jpg" alt="18 Edgar St, Port Hedland, Port Hedland" title="18 Edgar St, Port Hedland, Port Hedland" data-index="0">
Real estate agent Barry Walsh at Jan Ford Real Estate told the ABC the top bid was a sign the mining boom's construction phase had tapered off.
Negotiations continue for the sale of the cottage with 145 square space on its 600 square metre block.
It was initially listed for private treaty sale in June 2013 at $1.42 million.
Property Observer understands its most recent rental asking price was $800 a week in mid-2014, having been in excess of $2000 a week in 2008 and 2011, when it was last sold.
Last month the controversial research body, Demographia noted the affordability of <a href="/expert-insights/buying/karratha-one-of-australias-most-affordable-towns-as-prices-decline">WA mining </a><a href="/expert-insights/buying/karratha-one-of-australias-most-affordable-towns-as-prices-decline">towns had improved</a>.
Last July Property Observer Terry Ryder wrote<a href="/expert-insights/port-hedland-and-karratha-the-best-places-to-buy-dont-get-roped-into-that-one"> Port Hedland and Karratha</a> "the best places to buy"? Don't get roped into that one, he advised a year after an earlier warning.
In 2012 Property Observer reported <a href="/news/qld/moranbah-and-port-hedland-unsustainable-single-industry-mining-boom-hotspots-westpac">Westpac viewed Port Hedland as an "unsustainable" single industry mining boom hotspot</a>.
Back in Sydney Cooley Auctions weekend clearance rate was 88% selling 21 of 24. It included two at Caringbah South which collectively sold at $120,000 over reserve.
Rocky Bartolotto at Auction Services secured seven from seven on the day reporting registered buyer numbers were strong across Sydney with an average of eight per property. 
"This is up from 6 buyers compared to February 2014," he advised.
CoreLogic Rp Data advised a preliminary weighted average clearance rate of 66.9% was recorded this week across all the capital cities compared to 61.6% last week and 68.2% this time last year. "This week's result compares well to the 2014 market when an overall clearance rate of 67.8% was recorded," spokesperson Robert Larocca said.
"It also reflects the moderate growth recorded in home values this year. "The positive impact of the rate cut will take a few weeks to be apparent on a national wide scale as volumes are still low. 
"If the rate cut is to encourage a few more active buyers and sellers it will also take a few weeks to be obvious." In Sydney a preliminary clearance rate of 80.5% recorded compared to 77.9% last week and 79.5% last year. In Melbourne a preliminary clearance rate of 61.4% was recorded compared to 66.3% last week and 67.5% this time last year. In Brisbane a preliminary clearance rate of 45.6% was recorded compared to 43.3% last week. In Adelaide a preliminary clearance rate of 61.1% compared to 52.7% last week. In Canberra a clearance rate of 62.8% was recorded compared to 72.7% last week. In Perth a clearance rate of 35.7% was recorded.
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Sydney's weekend auction clearance rate soars to 82%, but Port Hedland highlights how the mighty can fall

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Shark Tank, which premiered on Channel Ten on Sunday, hosted by Sarah Harris, took a look at a property website among its mentoring considerations during the opening episode which was watched by 616,000 viewers.
Shark Tank features five successful Australian business people, all hunting for the next big idea to turn into a profitable co-venture, including John McGrath from McGrath Estate Agents (pictured above, far right).
The self-made multi-millionaires judge the business concepts pitched by the owner and then decide whether to invest some of their own money to help market and mentor each. The pitchee must convince a shark that their idea is original and the product worth pursuing.
Shark Tank's panel of prospective purchasing entrepreneurs Janine Allis (Boost Juice), Steve Baxter (internet pioneer), Andrew Banks (Talent2), and Naomi Simson (Red Balloon).
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The Sharks – worth collectively more than $1 billion - debate, argue over and judge the products and concepts brought to them.  
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The website is <a href="https://www.rentresume.com.au" target="_blank">rentresume.com.au</a> which was founded in June 2011 by Darren Smith out of the frustration and repetition involved when applying for a rental property.
"I thought there must be an way to make the process a lot easier, rewarding, smoother &amp; safer for all concerned," his website says. The series launch on Sunday February 8 saw Toowoomba resident Darren Smith frustrated - having ambitiously wanted $2.5 million for a 40% stake in the subscription service for tenant rental histories.
There were <a href="https://www.propertyobserver.com.au/https://twitter.com/sharktankau/status/564358698311491585" target="_blank">presentation issues during the pitch</a>.
“I’ve seen some worse ideas but not many,” John McGrath said.
<img src="/images/2015/02/06/screenshot-feb-6-oner.jpg" alt="">
Photo: A shot from the opening episode of Shark Tank. Source: Channel Ten.
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Shark Tank millionaires consider Australian property website

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Prime Minister Tony Abbott today said he wanted to enforce the Foreign Investment Review Board (FIRB) residential rules "because, obviously, the last thing we want to be doing is pricing young home buyers out of the market".
He told Alan Jones on 2GB that Kelly O’Dwyer, as the chairman of a parliamentary committee was looking at the fact that the former Labor government never enforced the prohibitions on foreign purchasers of existing residential properties.
"Now, what sort of a government has rules and never actually enforces them?" <a href="https://www.pm.gov.au/media/2015-02-06/interview-alan-jones-radio-2gb-0" target="_blank">he said</a>.
Tony Abbott foreshadowed within a few weeks his government would be putting the policy that he took to the election into action.
The Australian Financial Review wrote earlier this week the government’s response to the ­parliamentary report on the issue was discussed by cabinet on Tuesday and Wednesday. 
“There has been evidence which will emerge over time that there has been a significant increase in the number of foreigners buying Australian residential real estate unlawfully,” Treasurer Joe Hockey told Fairfax Radio.
“It hasn’t been enforced because it never was enforced under the previous government... You’re about to see that change.”
A parliamentary inquiry led by Liberal MP Kelly O’Dwyer, who was recently promoted to Parliamentary Secretary to the Treasurer, handed in its report to the government last November.
The report actually found that foreign investment was, on the whole, of benefit to the country and was not the main cause of any recent steep increases in property prices.
It did, however lash out at the FIRB fair failing in monitoring and enforcing the laws.
There have been no prosecutions made against foreign buyers for illegal residential property purchases since 2006.
One of the inquiry's key recommendations was the creation of a national register linking records of land transfers with citizenship and migration residency status, to better track of foreign investment.
The government’s moves on foreign investment in real estate were heralded in ­Tony Abbott’s speech to the National Press Club last Monday.
“I am a friend of foreign investment but it has to come on our terms and for our benefit,” Abbott said.
Australians were "anxious" about the country's economic sovereignty, especially foreign purchases of agricultural land," Mr Abbott said.
"And better enforcement of the rules against foreign purchases of existing homes so that young people are not priced out of the market."
The national initiative will rely on state government co-operation in amending transfer purchase documentation.
Property Observer gleans all states, barring South Australian, have agreed to the federal government's wishes.
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Tony Abbott suggests foreigners pricing out young home buyers

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Investors have been told rent inflation was slowing, consistent with the increase in vacancy rates over recent years, according to the February Reserve Bank of Australia (RBA) meeting monetary statement.
The pace of national housing price growth slowed too noticeably in early 2014 but, looking through the volatility, appeared to have changed little since then, the RBA board meeting was told on Tuesday.
"Notwithstanding this, growth of housing prices remained strong over recent months, particularly in Melbourne and Sydney," the minutes said.
"At around 8%, housing price growth remains well above the growth rate of household incomes.
"Survey measures of housing price expectations declined in the December quarter and remain below the levels reached in late 2013.
"Most non-price indicators of housing market activity remain consistent with strong conditions in the established market, which should provide further support to consumption in the near term."
It noted the nationwide rental vacancy rate "has been gradually drifting up since the mid 2000s".
"Accordingly, rental price inflation has slowed, which, combined with strong housing price growth, has resulted in rental yields continuing to fall," the statement read.
HSBC Noted today's official statement from the RBA saw them revise down their GDP growth forecasts to 1.75-2.75% for 2015, from 2-3% previously. Growth is still expected to pick-up in 2016, to 2.75-3.75% (previously 2.50-4%). Underlying inflation is expected to remain around 2.25% in H1 2015, and they continue to expect it to be 2-3% beyond that, in line with their target objective. The statement was generally more down-beat about the pace of the ongoing rebalancing of growth, which appears to have been the reason for this week's rate cut.
The monetary statement noted consistent with the strong growth in housing prices, low interest rates and above-average population growth, there has been considerable growth in dwelling investment, which increased by 7% over the year to the September quarter.
It noted timely leading indicators point to further growth in dwelling investment in the December and March quarters.
"Dwelling approvals, particularly those for higher density homes, have stayed at a high level recently.
"Loan approvals for new dwellings increased by 5% over the year to November and the number of first home owner grants paid for new dwellings has continued to trend higher, increasing by 22% over the past year.
"Inflation in the housing-related components of the CPI remained moderate overall in the December quarter.
"Inflation in the price of new dwellings remained above the average of recent years, consistent with strong residential building activity.
"The RBA's liaison suggests that the upswing in residential construction activity has allowed some builders to increase margins over the past year or so.
"Combined with an increase in the cost of building materials, this has contributed to higher inflation in the prices for new dwellings.
"In contrast, rents inflation remained slow in the quarter, consistent with the increase in vacancy rates over recent years. Utility prices increased slightly, after falling in the September quarter due to the repeal of the carbon price."
The statement offered forecasts for consumption assuming that wealth effects continue to operate as they have done in the past and that there will be a further gradual decline in the household saving ratio.
"Consumption growth could be stronger than anticipated if conditions in housing markets strengthen, particularly in parts of the country that have seen less growth in house prices of late.
"If this is associated with a significant increase in leverage or a decline in lending standards, it could pose some risk to macroeconomic stability.
"However, another possibility is that ongoing buoyant conditions in housing markets will have less of an effect on consumption than previously.
"In particular, in recent years fewer households appear to have been utilising the increase in the value of their dwelling to increase their leverage or trade up.
"This possibility would imply that the saving ratio will be higher and consumption growth a little lower than expected based on historical experience.
"In addition, there is significant uncertainty around the size of the effect that the large changes in commodity prices, particularly oil prices, will have on household saving and consumption behaviour."
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Investors warned national rental vacancy was drifting: RBA February statement

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The online real estate company, REA Group, which is majority-owned by Rupert Murdoch's News Corporation, has posted a 34% rise in net profit to $94.7 million.
Revenues rose 25% to $261.5 million, with the strong performance in the Australian residential market, where revenue rose 30% to $15.4 million, for the six months to 31 December.
Australia remained the primary revenue driver for the business, delivering 90% of the group’s revenue.
Chief executive Tracey Fellows said REA had extended its lead over its nearest competitor, Fairfax Media Domain in both number of site visits and time spent on site, which sits at almost seven minutes. 
<a href="/images/2015/02/06/rea-feb-6-one.jpg" target="_blank"><img src="/images/2015/02/06/rea-feb-6-one.jpg" alt=""></a>
But its total listings are down.
There was an increase in the number of Australian agent customer offices by 5% to 9,664 in December 2014.
<a href="/images/2015/02/06/rea-feb-6-two.jpg" target="_blank"><img src="/images/2015/02/06/rea-feb-6-two.jpg" alt=""></a>
The average monthly revenue per agent (ARPA) grew by 22% to $3,046.
Residential new-buy listings decreased 4% half on half. 
The combined Australian sites realestate.com.au, realcommercial.com.au and property.com.au attracted average monthly visits of 44.6 million during the half-year, growing by 12% compared to the prior half-year.
Mobile site and app combined visits grew by 15% to 19.8 million average monthly visits with mobile site traffic increasing 59% to 9.7 million average monthly visits for the half-year period.
The average monthly visits for realestate.com.au’s combined main and mobile sites outperformed the nearest competitor site by 3.3 times, the report advised.
The average monthly total time on site for realestate.com.au’s main and mobile sites for the half-year was 230.4 million minutes extending our lead against our nearest competitor by 30% and outperforming by 5.6 times.
REA's shares finished four% higher yesterday at $51.28.
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REA revenues up 30% in Australia despite listings decrease

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Dogs don't typically feature in real estate marketing campaigns, or for that matter work when they do, but Title Tattle loves this one.
Adrian Oddi at BresicWhitney Balmain is seeking buyers for the five bedroom, four bathroom house on 236 square metres at 8 Byrnes Street, Rozelle.
<a href="https://www.bresicwhitney.com.au/buy/8-byrnes-street-rozelle-10401" target="_blank">The price guide is over $2.5 million</a>, whippet not included. The dog's name is Jasper. He's apparently extremely timid but loved the camera at the photo-shoot!
Buyers get a sleek free-standing home, with modern finishes, multiple living spaces and a pool deck turn this quiet retreat into the ultimate entertainer.
There is rental guidance for investors of potentially $1,800 to $2,000 per week.
The Tony McLain architect plans were approved by council in 2011 for the new home.
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Designer dog in contemporary Rozelle auction marketing: Title Tattle

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Not The Block again hopefully!
An investor has paid $2,735,000, on a sharp 3.62% yield, for a fully leased, four level, apartment block at South Yarra in Melbourne’s inner east.
It was sold by Savills Australia.
There were six bidders for the 6-8 Mona Place property.
It comprises a strata-titled block of six, one bedroom, 62 to 68 square metre, apartments on a 323 square metre site zoned General Residential.
The property was sold fully leased to six tenants at a combined rental of $99,072 per annum. Rents for one bedders sit around $330 a week, having been at $130 a week in the mid-1990s.
Jesse Radisich said the marketing campaign had attracted more than 150 enquiries from potential purchasers and 30 personal inspections from local and off-shore investors and self-managed super funds.
There has been a <a href="/expert-insights/building/sydney-audiences-shun-the-blocks-lengthening-melbourne-residency">marked deterioration in Sydney metro viewers</a> for the latest series of The Block. Let's just hope this purchase isn't a continuation of the show's lengthening Melbourne residency. 
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Six compete for South Yarra strata apartment block sold on 3.6% yield

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Jonathan Chancellor

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