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The auction of a prized Portsea bathing box yielded $440,000 at its RT Edgar auction today.
<a href="/news">The Portsea bathing box had been listed with conservative $350,000 hopes.</a>
There were two bidders at the <a href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2251083&amp;agentID=948&amp;realestate=36_Shelley_Beach_PORTSEA_VIC_3944&amp;showGoBack=true" target="_blank">twilight onsite auction</a> conducted by RT Edgar Real Estate Portsea agents Warwick Anderson and Ilze Moran.
In January 2011 a Portsea box set a record $585,000 when five bidders fought for the property at its RT Edgar auction. Another fetched $455,000 in January 2010. There had been a record $362,500 sale in January 2008.
While today's listing is among the prized Shelley Beach boxes, it is set well back from the water and a bit far up the beach too, so more of interest to just the immediate surrounding properties than the ones sold in recent years.
A <a href="/news">Rye </a>bathing box fetched $400,000 on Saturday in what the market has quickly viewed as an out-of- line sale for the Tyrone foreshore.
RT Edgar also conducted the auction, which attracted 200 plus attendees despite its low-key marketing.
Another Rye bathing box was passed in at weekend auction at $170,000 – around market expectations – through through Emil Foller from Bennison MacKinnon Sorrento.
Last summer <a href="https://www.propertyobserver.com.au/victoria/rye-beach-bathing-box-sells-for-%24275000/2012112558073" target="_blank">Title Tattle recalls another Rye beach bathing box without power or water sold for a record $275,000</a>.
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jchancellor-FAypfDUnLy

Portsea bathing box fetches $440,000 at RT Edgar auction

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The Wall Street Journal's House of the Year contest drew 456,939 total votes in December, with the winning home securing 52,633 votes to be the clear winner. 
<a target="_blank" href="https://www.rubloff.com/property/riverwoods/08153268.cfm">It's 7 Timberline Lane, Riverwoods</a>. 
The photos from the <a target="_blank" href="https://online.wsj.com/article/SB10001424127887324461604578191670285646536?mod=WSJ_3Up_RealEstate">Wall Street Journal House of the Year</a> show the 5,700-square foot home, which beat off the 48 other House of the Week winners has a pagoda-style in its Chicago suburban location.
It was described as "a mix of architectural styles, with echoes of Frank Lloyd Wright and a dash of 1970s interior design."
It is located in Riverwoods, and remains listed for just under $US2 million having been listed at $US2.7 million.
It's listed through Tracy Wurster of Prudential Rubloff Properties in Lake Forest, Illinois.
The house even has a 30-foot rubber tree growing in the living room.
The WSJ has a House of the Day chosen by its real estate staff after reviewing large, upscale properties in for-sale listings across the country.
During the year the most expensive listing was $US44 million and the least was just $US895,000.
The end-of-year review found seven sold homes with all sales at under the asking price.
The smallest discount was 7%; the largest was 30%.
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Touch of the Frank Lloyd Wright in the Wall Street Journal's 2012 house of the year

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A very contemporary three-bedroom house in the coastal Victorian town of Inverloch was the most expensive sale for the second week of January, selling for $1.95 million at auction, according to RP Data.
<img height="353" width="470" src="/images/stories/2013/01/inverloch.jpg" alt="inverloch">
Located on The Esplanade, the home (pictured above) sold at auction on January 12 by LJ Hooker Inverloch in conjunction with Raoul Holderhead at Burgess Rawson.
The property boasts three bathrooms, an internal lift and a self-cleaning pool.
"Designed to capture the water views you will find yourself drawn to the home's windows which frame the Inlet as if the views were a painting on the wall," Leighton Page, the LJ Hooker listing agent said.
The auction conducted by auctioneer David Scholes attracted 500 onlookers. The town is 140 kilometres south-east of Melbourne on sheltered Anderson Inlet near Venus Bay, between Cape Paterson and Cape Liptrap on the South Gippsland coastline.
Scholes joked with potential bidders, telling them the name <a target="_blank" href="/news">Inverloch </a>was Scottish for "huge future potential growth" the amusement of the crowd.
It set a new record price for a residential home on The Esplanade after its pre-auction inspections drew up to 150 at one open.
The first accepted bid was $1.5 million. The 1147 square metre block cost $350,000 in 2001.
The town's other significant listing is by the former AFL Melbourne champion-turned-football commentator Garry Lyon, <a target="_blank" href="/news">who listed his Inverloch holiday home for sale at $899,000 in early November</a>.
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It's been listed LJ Hooker Inverloch director Allan Mann.
Architecturally designed with a contemporary style, its being marketed as able to accommodate a large family for either permanent or holiday living.
The 10 most expensive sales across Australia last week were:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/61_the_esplanade_inverloch_vic_3996/11290114">61 The Esplanade, Inverloch, VIC, 3996</a>, three-bedroom house, sold at auction on January 12 by L J Hooker Inverloch for $1.95 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/131_coromandel_road_ebenezer_nsw_2756/2211895">131 Coromandel Road, Ebenezer, NSW, 2756</a>, five-bedroom house, sold on January 8 by Mcgrath Estate Agents for $1.5 million
<a target="_blank" href="https://www.realestate.com.au/property-unit-act-barton-111856559">14/9 Bowen Drive, Barton, ACT, 2600</a>, three-bedroom unit, sold on January 10 by Independent Property Group Sales Turner for $1.38 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/16_reliance_close_pelican_waters_qld_4551/6812641">16 Reliance Close, Pelican Waters, QLD, 4551</a>, four-bedroom house, sold at auction on January 10 by Ray White Caloundra for $1.2 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/19_yarralea_street_alphington_vic_3078/14663441">19 Yarralea Street, Alphington, VIC, 3078</a>, three-bedroom house, sold on January 10 by Miles Real Estate Ivanhoe &amp; Rosanna for $1.07 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/62_garrett_street_maroubra_nsw_2035/4036453">62 Garrett Street, Maroubra, NSW, 2035</a>, two-bedroom house, sold on January 11 by L J Hooker Maroubra for $1.02 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/22_austral_avenue_beecroft_nsw_2119/1350111">22 Austral Avenue, Beecroft, NSW, 2119</a>, three-bedroom house, sold on January 10 by First National Real Estate Epping for $880,000
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/126_virgil_avenue_yokine_wa_6060/13651743">126 Virgil Avenue, Yokine, WA, 6060</a>, four-bedroom house, sold on January 9 by Century 21 Residential Solutions East Perth for $840,000
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/18_hobart_road_new_lambton_nsw_2305/4842269">18 Hobart Road, New Lambton, NSW, 2305</a>, four-bedroom house, sold on January 11 by Prd Nationwide Newcastle for $825,000
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/5_grieve_street_macleod_vic_3085/11543936">5 Grieve Street, Macleod, VIC, 3085</a>, three-bedroom house, sold on January 10 by Miles Real Estate Ivanhoe &amp; Rosanna for $785,000
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Modern Inverloch house Australia's most expensive summer auction result this week

Andrew Winter&#39;s Selling Houses Australia described the Darwin apartment offering&nbsp;on its initial appearance as&nbsp;like a remand centre with the&nbsp;roofed terrace of a prison exercise yard.

It was the unsold&nbsp;three bedroom Rapid Creek apartment of&nbsp;the boilermaker Robert Crispe.&nbsp;

After its makeover it will feature&nbsp;among the&nbsp;LifeStyle Channel&#39;s Selling Houses Australia offerings in the show&#39;s upcoming series.

The&nbsp;show selects&nbsp;properties&nbsp;struggling to sell&nbsp;and then gives the vendors practical advice for&nbsp;also doing some renovation work.

[smartcode_project:default project_id=27783]

This one had four on-off marketing campaigns over the past two years.

The then&nbsp;vast, empty penthouse apartment had been on the market since December 2010 with its pre-Selling Houses Australia asking price falling from $790,000 to $599,000, despite Darwin being&nbsp;in the midst of a property boom.

Show presenter Andrew Winter said the penthouse&nbsp;was a 1970s time capsule before its five days of glamorous renovations.

However, it attracted no bids at the recently filmed auction and has been listed with a&nbsp;$699,000 asking price&nbsp;through&nbsp;Shun Hatton at O&#39;Donoghues First National.

The 151-square-metre, three-bedroom, two-bathroom 1979-built unit is being marketed as&nbsp;having<a href="https://www.realestate.com.au/property-apartment-nt-rapid+creek-112221983" target="_blank"> &quot;wow factor&quot;.</a>

&quot;With stunning views, this north-facing oversized penthouse is superbly located a stone&#39;s throw from the beautiful Nightcliff foreshore,&quot; it says.

&quot;This truly is a stunning apartment in a fantastic location. Its magnificent ocean views and convenient location to all amenities including beaches, quality schools, university and transport make this an ideal home or brilliant investment property.&quot;

[smartcode_project:default project_id=5490 project_image_fid=78490]

O&#39;Donoghues&#39;s&nbsp;property managers estimate the rental to be $850 plus&nbsp;per week furnished.

The show will be aired at the end of March.

It last sold at $275,000 in 2003.

The block&#39;s last sale was $350,000 for a two-bedroom, one-bathroom 74-square-metre garden unit, which was recently available&nbsp;for $430 a week lease.&nbsp;

Andrew Winter has a go at selling transformed Rapid Creek, Darwin '70s ugly duckling

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<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">
Bathing boxes are listed aplenty around Port Phillip Bay from Aspendale to Portsea on the pricey tip of the Mornington Peninsula. None seemingly come with air-con, and some don't come with fresh water, so they are for the outdoor, water-loving types.
Brighton bathing boxes can only sell to ratepayers, but anyone can buy these offerings.
Priciest is naturally at Portsea, where an offering (pictured below) goes up this weekend with $350,000 hopes – and that's cheap compared with prior recent sales.
<img src="/images/stories/2013/01/portsea.jpg" alt="portsea" width="470" height="307">
It's been listed by RT Edgar Real Estate Portsea agents Warwick Anderson and Ilze Moran for <a href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2251083&amp;agentID=948&amp;realestate=36_Shelley_Beach_PORTSEA_VIC_3944&amp;showGoBack=true" target="_blank" rel="nofollow">auction this Sunday, January 20</a>.
In January 2011 a Portsea box set a record $585,000 when five bidders fought for the property at RT Edgar auction. Another fetched $455,000 in January 2010. There had been a record $362,500 sale in January 2008. While the latest listing is among the prized Shelley Beach boxes, it is set well back from the water and a bit far up the beach too, so probably more of interest to just the immediate surrounding properties than the ones sold in recent years.
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">Also this weekend there's a Rye bathing box with $180,000 hopes. Known as<a href="https://www.realestateview.com.au/Real-Estate/93-tyrone-foreshore-rye/Property-Details-buy-residential-4879877" target="_blank"> 93 Tyrone</a> (pictured below), it looks quite proud with protection from the wind amid the shrubbery of  the Tyrone foreshore.
<img src="/images/stories/2013/01/tyrone.jpg" alt="tyrone" width="470" height="313">
Last summer Title Tattle recalls a Rye beach bathing box without power or water sold for a record $275,000.
They might be a throwback to the 19th century, when the increasing popularity of sea bathing clashed with Victorian-era prudishness, but demand is still there for them today.
<a href="https://www.realestate.com.au/property-house-vic-rye-112570843" target="_blank">A stark yellow boatshed with a simple blue door</a> in Rye (pictured below) is listed for sale with hopes of $99,000. 
<img src="/images/stories/2013/01/boatshed1.jpg" alt="boatshed1" width="470" height="353">
Boatshed number 13 is being sold by John Kennedy from John Kennedy Real Estate Rye.
And <a href="https://www.realestate.com.au/property-house-vic-rye-112632863" target="_blank">boatshed 107 located on the Tyrone Foreshore Rye with views of Port Phillip Bay</a> (pictured below) is being offered through Emil Foller from Bennison MacKinnon Sorrento.
<img src="/images/stories/2013/01/boatshed3.jpg" alt="boatshed3" width="456" height="342">
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">The cheapest Title Tattle found was just $30,000 plus at Rosebud. Sam Bucca at Eview Real Estate Partners has the offering of boat shed 94 Point Nepean Road, which comes with unappealing <a href="https://www.domain.com.au/Property/For-Sale/House/VIC/Rosebud/?adid=2009558151" target="_blank">garden shed-style front door</a> (pictured below). 
<img src="/images/stories/2013/01/boatshed4.jpg" alt="boatshed4" width="470" height="358">
Also another cheapie at $39,000 is box 164, Point Nepean Road, marketed as a concrete block bathing box of approximately 2.5 metres by three metres sans bedrooms or bathrooms.
<a href="https://www.hendersonrealestate.com.au/properties/residential/Other-Vic-Rosebud-108423566" target="_blank">Steve Deppeler at Henderson Real Estate has the listing</a>.
Rosebud has the most offerings of any of the beaches.  At Rosebud bathing box F169 is on the market at $79,500.
The timber box, which boasts side access as well as barn frontage doors, is listed through <a href="https://www.realestate.com.au/property-studio-vic-rosebud-112080675" target="_blank">Wayne Robertson from David Short Real Estate Rosebud</a>.
There's a bright yellow, blue and orange bathing box in Rosebud that comes at a slightly pricer asking price of $89,990.
Bathing box F178 received a full renovation around two years ago including lined insulated internal walls, polished floors and a changing room with a shower.
<a href="https://www.realestate.com.au/property-house-vic-rosebud-107525180" target="_blank">It too is for sale through Wayne Robertson</a>.
Beach box 155 Rosebud boasts two entrances, a floating floor and a sink and has been listed by Jeffrey George from Ray White Rosebud with the <a href="https://www.realestate.com.au/property-house-vic-rosebud-110811095" target="_blank">ocean-blue coloured bathing box on the market with an asking price of $75,000.</a>
 
Box 176, <a href="https://www.realestate.com.au/property-other-vic-rosebud-111928511" target="_blank">a blue and white striped, red-roofed bathing box in Rosebud, is on the market for $79,950</a>, also through Jeffrey George.
Surely boatshed 88 is a lucky one. <a href="https://www.realestate.com.au/property-house-vic-rosebud-111373139" target="_blank">Located on the Rosebud Foreshore, boatshed 88 is on the market with price hopes of $57,950.</a>
It's a steel shed listed through Adam King from Norris Real Estate Rosebud.
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">Situated on Mills Beach Mornington, there's a bathing box with that familiar blue and yellow listed <a href="https://www.realestate.com.au/property-unit-vic-mornington-107881951" target="_blank">through Dean Phillips from McEwing Partners Mornington</a>.
No price is given for 98C Mills Beach, Mornington and it's got stairway access. The nearby 19 Mills Beach beach box at Mornington comes with a $59,950 asking price through <a href="https://www.realestate.com.au/property-house-vic-mornington-109379896" target="_blank">Stavros Ambatzidis through Harcourts Chelsea</a>.
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">A Domana bathing box rebuilt less than 10 years ago comes with an $85,000 asking price.
<a href="https://www.realestate.com.au/property-other-vic-dromana-108763991" target="_blank">The bright yellow wooden box</a> (pictured below) is being sold by Stockdale and Leggo Dromana.
<img src="/images/stories/2013/01/dromana.jpg" alt="dromana" width="470" height="353">
There's a $199,500 asking price on <a href="https://www.domain.com.au/Property/For-Sale/House/VIC/Dromana/?adid=2010215206" target="_blank">another Dromana bathing box through Warlimont &amp; Nutt</a>.
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">Hidden away in the scrub on the McCrae foreshore is F12.  Located in front of the rotunda at McCrae, it comes with a $100,000 asking price.
"Get the most out of this summer without lugging around all that beach gear," <a href="https://www.realestate.com.au/property-studio-vic-mccrae-111787247" target="_blank">says </a><a href="https://www.realestate.com.au/property-studio-vic-mccrae-111787247" target="_blank">Mike O'Neill at Harcourts Dromana</a>.
A plain looking slim-line box on McCrae comes with a $70,000 asking price. <a href="https://www.realestate.com.au/property-studio-vic-mccrae-105144057" target="_blank">Box 30, Point Nepean Road</a>, at just 2.8 metres by 2.3 metres wide, the listing agent Peter Bennett at Henderson Real Estate Rosebud stresses in his marketing that it doesn't come with either bedrooms or bathrooms.   
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">At Aspendale boat shed 529 Gnotuk Avenue<a href="https://www.realestate.com.au/property-house-vic-aspendale-111818727" target="_blank"> has an $89,000 asking price </a>through Tyson Maschler at Century 21 @ The Glen, Glen Waverley.
 
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">There's also one for sale <a href="https://www.realestate.com.au/property-house-vic-edithvale-112446919" target="_blank">located on Dudley Grove Edithvale - known as boat shed 696 - which comes with hopes of $69,000 </a> through Matthew Marshall from Biggin and Scott Aspendale.
 
<img src="/images/stories/flagtitletat.jpg" style="margin: 5px; float: left;">Looks like <a href="https://www.realestate.com.au/property-studio-vic-mount+eliza-110454585" target="_blank">beach box 61 at Ranelagh Beach, Mount Eliza </a>has been snapped up. Its was under offer at around $65,000 when Title Tattle last looked. Maybe it was the "excellent restaurant and tennis facilities at your fingertips" which assisted James Crowder from Community Real Estate Mount Eliza achieve the sale.
 
 
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No power, no fresh water, no air-con, but these bathing boxes are beauties: Title Tattle

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"Premier schools", "Gaggenau", "Carrara marble", "European oak" and "coffee machine" are among the most popular marketing lures when it comes to selling million dollar-plus homes.
But an analysis of the 3.78 million words used in selling property on <a href="https://www.realestateview.com.au/" target="_blank">realestateview.com.au </a> in 2012 revealed different approaches by estate agents to sell in different market segments.

In the affordable segment the most prolific words include "tidy" and "affordable". The term "first-home buyer" was also popular for homes selling for less than $400,000.

Looking at all advertisements, regardless of the price segment, revealed the importance of highlighting a home’s spaciousness, heating and proximity to schools, according to the Real Estate Institute of Victoria manager of policy and public affairs Robert Larocca.
He notes that real estate agents are experts at selling and through their daily interaction with buyers develop a very good knowledge of what makes a home stand out.

“In Melbourne’s million-dollar suburbs buyers respond well to terms which highlight the proximity of the home to good schools and the presence of high-end features.

“Those looking in the million-dollar market clearly want something special so words such as ‘Gaggenau’, ‘European oak', ‘coffee machine’ and ‘premier schools’ are very popular.

“An analysis of the words used not only reveals common features in marketing a home but is also a reflection on what buyers are looking for,”  Larocca concludes.
 
<h4>Top 10 selling words in 2012</h4>
 
<table><tbody>
<tr>
<td></td>
<td>All homes</td>
<td>Million dollar</td>
<td>Affordable</td>
</tr>
<tr>
<td>1</td>
<td>Home</td>
<td>North-South</td>
<td>Per week</td>
</tr>
<tr>
<td>2</td>
<td>Area</td>
<td>Guest Suite</td>
<td>Portfolio</td>
</tr>
<tr>
<td>3</td>
<td>Space/spacious</td>
<td>Premier Schools</td>
<td>Tenant</td>
</tr>
<tr>
<td>4</td>
<td>Family</td>
<td>Floodlit</td>
<td>Possession</td>
</tr>
<tr>
<td>5</td>
<td>Heater/heating</td>
<td>European oak</td>
<td>$</td>
</tr>
<tr>
<td>6</td>
<td>Large</td>
<td>Gaggenau</td>
<td>Vacant</td>
</tr>
<tr>
<td>7</td>
<td>Open</td>
<td>Carrara</td>
<td>Price</td>
</tr>
<tr>
<td>8</td>
<td>Shops</td>
<td>Glass Fenced</td>
<td>Tidy</td>
</tr>
<tr>
<td>9</td>
<td>Include/including</td>
<td>Coffee machine</td>
<td>Leased</td>
</tr>
<tr>
<td>10</td>
<td>Garden</td>
<td>Cabana</td>
<td>Affordable</td>
</tr>
</tbody></table>
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The 10 words that will sell your home for the best price

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Perth’s rental market has shown signs of easing towards the end of 2012, according to preliminary data from the Real Estate Institute of Western Australia.
It had the December quarter vacancy rate edging marginally higher from 1.8% to 1.9%.
The REIWA president David Airey suggested it was accompanied by an easing in the previous climb in rents over the previous year.
“Our data show that while the median rent for a house lifted by $10 to $460 per week, the median rent for strata dwellings such as units, apartments, villas and townhouses fell by $10 to $420 per week,” Mr Airey said.
Mr Airey said the December quarter saw a decrease in demand for rentals and an increase in listings.
“With the overall median rent remaining the same in the December quarter as it was with the September quarter, weekly rental listings topped 2,800 in mid December before decreasing towards the end of the year."
However as at early January there were 3,000 properties up for rent.
Mr Airey said new leases fell by 3% from 11,500 in the September quarter to 11,200 in the December quarter.
“Despite the modest drop in price for units and apartments in the last three months of 2012, we need to keep in mind that the March quarter is always the strongest period in the year for rental activity, so this drop may only be a temporary reprieve for tenants.
“The median rent may pick up again as the year progresses, but as always this will depend on supply and demand,” Mr Airey said.
The situation appears to have changed on the September outlook when it was noted Perth rents "are continuing to rise and there is no respite in sight." 
<a target="_blank" href="https://twitter.com/REIWA"><img src="/images/stories/2012/09/reiwatweet.jpg"></a>
"I can't see any signs on the horizon that will reduce the demand for rentals," said REIWA's David Airey in his September tweet.
"It appears Perth is a popular place to live, we've got an ongoing shortage of rental supply, so it's likely that rents at the very least will remain stable but are likely to have increases."
 The current REIWA outlook differs from the <a target="_blank" href="https://www.propertyobserver.com.au/australian-capital-territory/rents-soaring-in-perth-and-darwin-apm/2013011658798?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">Australian Property Monitors whose report issued today </a>suggests strong rental growth will continue in Perth this year.
 
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Perth rental market intensity eases slightly: REIWA

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Capital city home values have increased at an average annual rate of just 1.9% over the past five years, which is significantly lower than the previous two five-year periods, according to RP Data's Cameron Kusher.
It reflects changing consumer attitudes towards debt following the global financial crisis.
Looking at three five-year periods, the research by the senior research analyst at RP Data indicated the strongest growth period as 1997 to 2002 when the annual growth was 12%.
Kusher argues the rate of capital growth in the Australian housing market has been slowing over some considerable time.
 "The global financial crisis, and the subsequent changes in consumer attitudes that it has led to, has largely impacted the results of the most recent five years.
"However, it remains difficult to argue that value growth would have been as strong over the past five years as the previous five years even without the financial crisis.
"As the cost of buying and selling continues to increase, albeit at a much slower pace, it seems unlikely that capital gains in the housing market will return to those levels enjoyed between 1997 and 2002 and will be more reflective of conditions over the most recent five years," Kusher says.
Darwin triumphed as the city to record the strongest growth in home values over the past five years, increasing at an average annual rate of 4.1%.
But Hobart, Brisbane and Perth each recorded value falls on an annual average basis, at a rate of -1.9%, -0.8% and -0.4% respectively.
From December 2002 to December 2007, the overall performance of the housing market was comparatively stronger, and over the five-year period capital city home values increased at an average annual rate of 8.4%.
It was almost 4.5 times greater than growth throughout the most recent five years.
Excluding Sydney, between 2002 and 2007, every capital city housing market recorded superior levels of average annual value growth compared with the overall performance over the most recent five years.
Kusher notes during this period every city other than Sydney recorded average annual value growth more than 2.5 times greater than the most recent five-year period.
"Sydney’s housing market performance has actually been stronger over the most recent five years than it was between 2002 and 2007," he says.
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For the period 2002 to 2007, the standout housing markets were Perth (19.4%pa) and Hobart (17.2%pa), however, the latest data confirms that both of these cities recorded value falls on an average annual basis over the past five years.
"It is worth noting that growth in capital city home values over the five-year period from 1997 to 2002 was greater than for the two following five-year periods; however, this was largely the result of higher levels of value growth over this time in the nation’s two largest markets, Sydney and Melbourne.
"Over this five-year period, capital city home values increased at an average annual rate of 12%," Kusher says.
Overall, each capital city recorded average annual capital growth in excess of 8% per annum over the period 1997 to 2002, highlighting the comparatively stronger market conditions at that time.
Looking more specifically at the average annual growth in values of detached houses as opposed to units, Kusher notes that historically, it is easy to see that houses have experienced stronger value growth than units. Over the 15 years to December 2012, capital city house values have increased at an average annual rate of 7.6%, compared with 6% for units.
And while the unit market underperformed the detached house market over the longer term, unit values appreciated at a faster pace over the past five years.
Kusher says that the recent superior performance is likely due to a range of factors, most notably:
• The relative affordability of units compared to detached houses;
• Changing lifestyle preferences, with owner occupiers more accepting of units, particularly in inner-city areas;
• The fact that units are typically located closer to the city centre and within suburbs that owner occupiers aspire to own houses but can’t realistically afford to do so; and
• The fact that units are typically more attractive to investors than detached houses because they enjoy higher rental yields.
Last week RP Data reported capital city home values fell over consecutive years, down 3.8% in 2011 and 0.4% in 2012.
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Australian property capital growth slows to 1.9% per year over past five years: Cameron Kusher

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Just 793 first-home buyers took advantage of the revised NSW first-home owners' grant in December last year.
There were 4,233 recipients in the prior December.
The numbers were also down in November last year with 1,763 recipients.
There had been a 2,920 monthly average over the past two financial years.
The December figure was the lowest since the <a target="_blank" href="https://www.osr.nsw.gov.au/lib/doc/stats/fhog_apps_received.pdf">first-home buyers' grant was introduced in 2000 </a> as a measure to offset the introduction of the GST.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/01/fhbjan15.gif" title="Click to enlarge"><img src="/images/stories/2013/01/fhbjan15thumb.gif"></a>
However the NSW opposition has accused the NSW government of "locking young people out of the housing market after the state recorded the lowest numbers in two decades".
The acting opposition leader Linda Burney blamed the drop on the government's decision to scrap the all encompassing $7,000 first-home owner grant along with stamp duty exemptions worth up to $17,990 for first-home buyers purchasing existing homes.
Only buyers of new apartments and houses now qualify for the grant. The $15,000 first-home owner grant (new homes) started in October last year. The grant will reduce to $10,000 in January 2014.
The data was confirmed by the Australian Bureau of Statistics (ABS) showing only 1,383 loans for first-home buyers were approved in November last year.
This is the lowest ABS figure since February 1992, Burney says.
"These figures show Barry O'Farrell has locked first home buyers out of the property market," she said in a statement on Tuesday.
"The premier's decision to dump first-home buyer grants and stamp duty exemptions has been nothing short of devastating for young people trying to buy their first home."
Burney said first-home buyers buying an existing $500,000 home in November 2012 were forced to pay $24,990 more than they would have a year earlier.
"The O'Farrell government has created the worst environment in 20 years for first home buyers trying to enter the housing market," she said.
Acting Treasurer Greg Pearce told Fairfax Media the fall was due to a period of transition to the new grant. 
"This was a difficult decision. However, we believe this is necessary to make buying a new home or apartment relatively more attractive than buying an existing dwelling."
Murray pointed out that Queensland, which made similar policy changes also taking effect in October, suffered a 33% fall in loans taken out by first-home buyers in November.
"I think it's too early to tell what impact the NSW grant is having," he said. "Clearly, during the periods of transition you get some strange things happening."
The Housing Industry Association economist Geordan Murray also said it was appropriate to wait for a few more months' data before drawing conclusions.
Westmead and Liverpool, with about 550 recipients, were the suburbs with the highest uptake during 2012. 
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NSW first-home buyer numbers fell to 20-year lows in late 2012

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A Portsea bathing box has been listed with $350,000 hopes.
Typically passed down from one generation to the next, it's among the prized Shelley Beach boxes, albeit set well back from the water and a bit far up, so probably more of interest to just the immediate surrounding properties than the ones sold in recent years.
<img height="307" width="470" src="/images/stories/2013/01/portsea.jpg" alt="portsea">
This one has been listed by RT Edgar Real Estate Portsea agents Warwick Anderson and Ilze Moran for <a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2251083&amp;agentID=948&amp;realestate=36_Shelley_Beach_PORTSEA_VIC_3944&amp;showGoBack=true">auction this Sunday, January 20</a>.
In January 2011 a Portsea box set a record $585,000 when five bidders fought for the property at RT Edgar auction. Another fetched $455,000 in January 2010. There had been a record $362,500 sale in January 2008.</body></html>

Portsea bathing box listed 

ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Jonathan Chancellor

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