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Fashion designer Arabella Ramsay secured a bullish $1,805,000 when her Albert Park warehouse conversion went to weekend auction.
Initial reported price estimates to buyers had been a very cautious $1.25 million plus for the freestanding Neville Street warehouse. But when Marshall White agent Oliver Bruce asked for opening bids, the auction kicked off at $1.5 million. That was still slightly below Ramsay’s $1.55 million purchase price in May of last year.
It represents annualised capital growth since the last sale of 11%.
“This compares to growth for Melbourne over the same time frame of 3.8%,” Mark Armstrong from propertytycoon.com.au notes.
It was knocked down to buyer's advocate Mal James who had to fend off three other parties during the 20-minute contestant. Bidding narrowed down to three after the two-bedroom property was declared on the market at $1,555,000.
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jchancellor-FAypfDUnLy

Bullish result for designer's Albert Park warehouse conversion

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Brisbane’s historic Albion Flour Mill is set to become the centrepiece of a $330 million urban village lifestyle precinct, developed by property and investment group FKP.
The heritage site is set to become an inner-city village.
The Albion Mill development site spans 7,336 square metres across two sites – the flour mill site and the car yard site – set 4.5 kilometres from Brisbane’s city centre atop Albion Hill in the inner north.
Kowalski Architects designed the $87 million first stage of the Albion Mill masterplan, The Hudson, to be built on the car yard site.
It will feature 134 spacious one-, two- and three-bedroom apartments.
The starting price for The Hudson is $390,000, including a car park.
For two-bedroom units, the prices start at $573,000 and from $1,175,000 for three-bedroom units. Three-bedroom apartments come with two car parks.
There are 16 apartment design options for buyers.
The complex will come with pool, barbecue terrace, sundeck and gymnasium.
Its interiors have been undertaken by Victoria Tabur of Brisbane-based Embody Design.
FKP opened The Hudson display suite last week with construction set to commence early 2012, aiming for early 2014 completion.
Gary Kordic, head of Queensland developments at FKP, says the Albion Mill masterplan would be rolled out over the next five years. Kordic says Albion was an average annual median price growth rate of 7.86%, as per a March 2011 report on the suburb,
The historic flour mill was constructed by Scottish migrants the Gillespie Brothers during the economic depression of the 1930s.
It remained Brisbane’s sole working mill until operations ceased in 2004.
There is currently over $20 billion in development underway in the Albion area, including construction on the new Airport Link tunnel; the rebuild of The Royal Brisbane and Women’s Hospital clinical services; and completion of the $93 million Inner Northern Busway.
FKP bought the site six years ago, and it has since unveiled several redevelopment proposals that did not proceed.
Reed Construction Data figures show that Brisbane is scheduled to have 7,600 newly built apartments by the end of 2012, according to the Australian Financial Review.
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Urban village to rise on defunct Brisbane flour mill site

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Sydney, with a 13% jump in fresh properties hitting the market in September, led the spring spike in residential property listings.
Across Australia properties listed for sale climbed 5.6% in September, according to data from SQM Research.
Homes listed for sale jumped to 383,287 in September from 362,793 in August across Australia.
The listings are up 24% on September last year, representing an increase of 74,805.
Sydney was the capital city to experience the largest monthly increase, climbing 13% to a total of 34,540 listings.
But Melbourne has a total of 49,613 listings after surging 11.4% in September.
“The Melbourne numbers are particularly alarming,” SQM managing director Louis Christopher says.
Properties listed for sale in Melbourne soared 65% from a year earlier, the most among Australia’s eight capital cities.
“It is possible the numbers might have been skewed by the October long weekend – in that listings were brought forward,” Christopher says.
“Still, it represents what I now regard as a massive oversupply situation for the city and I believe it will translate to further house price falls from here.”
An increase was to be expected given the normal seasonal rise in listings that occurs this time of year, Christopher says.
He notes that the rises recorded for Brisbane, Perth and Hobart were lower than anticipated.
“SQM are watching Brisbane and Perth closely as there may well be signs that we are closer to the bottom in that market than what we expected.”
The increase was to be expected given the normal seasonal rise in listings that occurs this time of year, SQM managing director Louis Christopher says.
The only capital city to experience a monthly decline in September was Darwin, falling by 3.3% (55 properties) to a total of 1,616.
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Melbourne 'massively oversupplied' with September listing spike 'alarming': SQM

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<img src="/images/stories/waimera.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The redundant twee Woollahra abode (pictured above) of author and political commentator Peter van Onselen and his wife, Ainslie van Onselen, has been sold pre-auction for $1.1 million through McGrath estate agent Ben Collier. The historic two-bedroom Victorian gingerbread house on Waimea Avenue had been expected to fetch about $1 million having been bought for $720,000 in 2005.
<img src="/images/stories/russellst.jpg">
Earlier this year the couple moved to a twee Vaucluse residence (pictured above), which cost $3.4 million from the O'Moore family.
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Retired car dealer Laurie Sutton has spent $8.85 million to buy one of the Rockwall, Potts Point penthouses. It was bought from CBD Business Systems director Bill Smith, who had bought it for $5,775,000 in 2005 from Virginia Carmichael.
Sutton and his wife, Di, have their long-time Mosman harbourfront house listed for sale. In 2007 they bought in Darling Point from the nightclub entrepreneur Barry Wain, paying $18.5 million through Agency by Alison Coopes for a Katsura Imperial Villa-inspired Michael Dysart-designed house which has eight-car garaging.
Smith has bought in The Residence in East Sydney.
<img src="/images/stories/winterst1.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Art collectors Dr David Rosenthal and Professor Doreen Rosenthal have sold their spacious Malvern home (pictured above), which has doubled as their private gallery for more than 40 years. The classic Victorian on Winter Street is almost a work of art in itself, with the four-bedroom house boasting period features such as ornate ceilings, marble fireplaces, a double-arched hall and a hand-painted stained-glass entrance. At the back of the corner block is a 894-square-metre north-facing garden, a heated swimming pool and a workshop-studio. When the Rosenthals moved in 45 years ago the property had been a family-run boarding house. They turned it into a family home and live-in art gallery. It sat on the market after Marshall White put it to August auction and has since sold through estate agent Dean Gilbert after being initially listed post-auction at $2.95 million and then at $2.59 million hopes.
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Wine industry entrepreneur Russell Leslie, a former director of Macquarie Group, and his wife, Katrina, the executive chairman of recruitment company HRX, have listed Warraroong, their redundant Hunter Valley estate.
<img style="border-style: initial; border-color: initial;" src="/images/stories/warraroong1.jpg">
The Lovedale property comes with stunning faux Georgian-style Claremont house (pictured above), which has commanding views of the Brokenback range since being built about two decades ago.
The property has been listed for sale by Alan Jurd at Jurds Real Estate with offers due November 3 with interest expected to be above $1.5 million plus stock.
Originally established by the Fraser family and known for many years as Fraser Estate, the property was renamed Warraroong by former McDonalds executive Tim Tighe some 12 years ago.
Warraroong has a land area of 15 hectares, of which more than half is planted to premium vineyard.
<img style="border-style: initial; border-color: initial;" src="/images/stories/warraroong2.jpg">
There is a cellar door sales building (pictured above) and a four-bedroom self-contained guest house known as The Winemakers Cottage.
The Leslies will centre their main vineyard operations at their recently acquired beautiful Wandin Valley Estate in Lovedale.
<img src="/images/stories/bayview.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The former McDonald's executive Tim Tighe, now the chairman of QSR Holdings, is seeking about $12 million for his Bayview waterfront estate on Pittwater in Sydney’s Bayview (pictured above). The 3,482 –square-metre estate comes with deep-water jetty, pontoon, berth and slipway. It has been listed through LJ Hooker Avalon agent Claudio Marcolongo since July. There have been previous attempts to sell the dual properties, the first of which was bought in 1999 for $2.9 million and the adjoining property added in 2005 at a cost of $2,715,000.
 
<hr class="system-pagebreak">
 
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">Roy Laidlaw from Macquarie Group and his wife Hilary have sold their redundant Palm Beach retreat, which was listed through David Edwards at LJ Hooker Palm Beach. They secured $4 million for the four-bedroom, four-bathroom Pacific Road house, last traded at $2.15 million in 2000. It looks out towards Pittwater. The Laidlaws have listed Palm Beach, given the completion of the rebuild at their $7.3 million beachfront on Barrenjoey Road.
<img src="/images/stories/clivest.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Stephen Lewis, the managing director of Continental Kosher Butchers, which was established in 1945 in Melbourne, has sold his three-bedroom contemporary Brighton East house (pictured above), which had been listed through Nick Johnstone of Nick Johnstone Real Estate. It sold before auction for $1 million. Continental is the largest kosher butcher in the southern hemisphere.
<img src="/images/stories/parcflicker.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Corterre Park (pictured above), the <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/southern-highlands-notches-another-prestige-sale-with-corterre-park-deal/2011100551808">Provence-style house in the NSW Southern Highlands</a> of the former Mariner Corporation boss Bill Ireland, has been sold. It was initially tipped to fetch more than $8 million on its mid-2010 listing, but is understood to have sold through Drew Lindsay of Drew Lindsay Real Estate Bowral at closer to its recent $6.5 million asking price. It is likely to be the highest price achieved for the region this year, bettering the reputed $5.3 million plus sale of The Chase at Sutton Forrest. The Mittagong property was the highest recorded Southern Highlands acreage house sale when it fetched $5.15 million in 2003. It has views towards Sydney and the Blue Mountains from its 21-hectare Range Road position.
<img src="/images/stories/stewart.jpg">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">The founder and managing director of Industrie clothing, Nick Kelly, and his wife, Susie, who bought a $15.5 million Vaucluse residence earlier this year, have sold their twin Paddington terraces (pictured above). Designed by architect Anthony Gill and completed in 2009, the Stewart Street property is a combination of two adjoining six-metre-wide terraces.  McGrath agent Ben Collier had $6 million hopes for the five-bedroom, four-bathroom house on 360 square metres, and while the price has not been revealed the final buying activity was around $6.4 million. The site was consolidated in two purchases – in 2003 and 2005 – that totalled $4,015,000.
{yoogallery src=[images/stories/october6westin]}
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Melbourne bookmaker Mark Read and wife Shari have <a target="_blank" href="https://www.propertyobserver.com.au/victoria/bookie-mark-read-s-westin-melbourne-apartment-races-to-quick-sale/2011100651825">snappily sold their sub-penthouse in the Westin hotel </a>in Melbourne (pictured above). It had been listed with a $7 million asking price through Dingle Partners agent Anton Wongtrakun. It was marketed as among the finest apartments in Melbourne's CBD, set on a north-eastern corner in the Grocon-built complex above Melbourne's five-star Westin hotel. The 420-square-metre 11th floor apartment comes with a double-height lobby, five bedrooms, five limestone bathroom and a study. <a target="_blank" href="https://www.propertyobserver.com.au/residential/title-tattle-packers-shuffle-the-paperwork-john-hewson-a-major-property-player/2011082651311">Read has yet to sell Beauty Falls</a>, his Queensland acreage at Cooroy Mountain.
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Title Tattle aims to tell you as soon as we know – often before it happens –so the word from Palm Beach is that former Brierley Investments Ltd chairman Bruce Hancox and his wife, Judy are listing their the Balinese-style retreat on Snapperman Beach. The two-storey, four-bedroom Lee Hillam-designed house, with separate guest quarters and views across Pittwater, was finished in 2003. It stands on 525 square metres in Iluka Road, with a garden between the two living quarters. It’s presumably going to have $6.75 million expectations through David Edwards at LJ Hooker, given they paid $5.65 million in 2006 to the property developer Andrew Richardson.
<img src="/images/stories/deepdene.jpg">
 <img style="border-style: initial; border-color: initial; float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">And don’t say that Title Tattle told you but Daniel Petre, the philanthrophic former Microsoft executive, and wife Carolyn have sold their longtime Killara residence, Deepdene (pictured above). Details of the reputed $12 million sale have been the most tightly held property secret in Sydney – virtually untraceable until now.
Some paperwork has only emerged after the now known buyer Anita Cunliffe lodged $1.92 million renovation plans for the 5,533-square-metre heritage-listed upper north shore property. The Petres offered extended settlement terms, with the first rumors of the June 2010 sale coming to Title Tattle late last year. The bungalow-style Deepdene, with its grass tennis court, was built in 1924, some 25 years after the local railway station opened. It was designed by the architect James Peddle for farm machinery manufacturer George Virtue.
In the meantime the Petres have bought on Sydney’s lower north shore, buying Alta Mura, the 1886 Lavender Bay mansion from Clive Steirn SC and his wife, Marilyn. Richard Harding and Geoff Smith at LJ Hooker expected more than $7 million in early 2010, but the Alta Mura sale documents show $6.4 million on its settlement last month. The four-bedroom house, which sits on a 764-square-metre block with Peter Fudge-designed parterre gardens, last traded in 1987 for $650,000 when bought by the Steirns.
Petre was one of the most visible members of Sydney's cyber-rich fraternity in the 1980s and 1990s, especially when he was the executive chairman of Ecorp, the internet arm of Kerry Packer's PBL, which operated Ninemsm, in partnership with Petre's previous employer, Microsoft.
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Cyber-rich Daniel Petre swaps Sydney's upper north shore for the lower: Title Tattle

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{yoogallery src=[images/stories/october7grantham]}
The mortgagee-in-possession has sold the Grantham, Potts Point apartment of besieged hotelier John Chaina.
Chaina had listed his Grantham Street apartment for April auction, and a bid of $6.7 million was rejected. The mortgagee-in-possession then scheduled the three-bedroom, three-bathroom apartment with westerly views to the Opera House and Sydney Harbour Bridge for mid-September auction with price hopes of $6 million plus.
It was again passed in through Richardson &amp; Wrench Elizabeth Bay's Jason Boon and Belle Property's Rick Nolasco, who have since secured a buyer at an undisclosed price.
It cost $7.5 million off the plan in 2007. It was settled in August 2010 upon completion.
With one apartment per floor, The Grantham complex stands on the site of a former serviced apartment block that was operated by the Goldstein family, which retains the penthouse of the new building.
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Picture postcard perfect, but John Chaina's Potts Point apartment sold at an undisclosed loss

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Residential property was the highest-returning asset over the past 24 years, according to research by ANZ Bank. For an investment of $100,000 in 1987 into an owner-occupied house you would have a return of $1,428,000 today for the same initial investment.
For an investment of $100,000 in 1987 into investor housing, you would have a final return of $810,000 today.
“Even when costs and taxes were factored in, owner-occupied housing generated 12% annual returns – the highest of six asset classes with – investor housing next best at 9.6% annual returns and then equities at 8.9%,” the report says.
The study reviewed the after-tax and after-cost returns of the major investment asset classes: owner occupied housing, investor housing, commercial property, equities (the ASX 200), government bonds and term deposits, the weakest performer.
The base date for the analysis used was March 31, 1987, the earliest possible date where all of the required data was available.
Comparison of historical and forecast average annual returns (after costs, taxes and gearing)
<img src="/images/stories/anzassetinside.jpg">
It notes retail property outperformed office and industrials by a strong margin given the two segments experienced marked downturns from 1990 to 1994 resulting from the early ‘90s recession and associated high vacancies.
The most significant factor in owner-occupied housing’s top ranking was its exemption from capital gains tax.
While noting both owner-occupied and investor housing indexes generated higher returns at a lower risk than equities, the ANZ forecast equities would be the strongest performer over the next 10 years, with a forecast 8% average annual return.
Commercial property with 5.8% annual returns is predicted to show strong returns over the next decade, sitting between equities and owner-occupied housing at about 5.3% forecast annual returns.
“Equities will be the highest-returning asset in the decade ahead (after costs, taxes and leverage), despite commercial property having the highest assumed raw total returns,” the ANZ report predicts.
“Commercial property produces large cash flows which are taxed at the full marginal tax rate.
“Equities, however, are assumed to deliver a higher proportion of its returns through capital gains, which are only taxed at half of the marginal tax rate.
“Higher stamp duties reduce property returns,” it notes.
It notes commercial property’s past weak performance was largely due to very weak returns rather than volatility.
The report warns that the forecast model is very sensitive to assumptions. It assumes that housing prices will rise by 5% per year over the period, in line with expected growth in average household incomes.
It also assume no structural shift in interest rates for the next 10 years. It assumes rental yields for housing converge to 3%.
The ASX 200 is assumed to have a gross (adding back franking credits) return of 9%.
The report notes diversification in property is more difficult than in stocks, due to the higher entry level for individual assets.
“Concentration risk is more of an issue for property investors,” the report notes.
A very important assumption made was that owner-occupied housing earns imputed rent, and that this is not subject to tax.
“Imputed rent is an implied form of rent that reflects that the investor no longer has to pay rent for somewhere to live,” it notes.
Maintenance costs were assumed to be 1.2% of the value of the property for owner-occupied housing, such as council and water rates, insurance, plumbing and general maintenance.
Maintenance costs for investor housing were assumed to be 1.8% of the value of the property given the extra costs such as advertising, GST on fees, real estate fees and management fees.
A gearing level of 50% was assumed for all assets, except for term deposits and government bonds.
Government bonds and term deposits were excluded from leveraging, as their effective total return level is always less than the debt rate, so leveraging would result in lower returns.
Returns were measured based on the return on equity.
The upward effect on returns from property owners renovating and improving properties was not accounted for in this analysis.
Finding data on the cash yield and capital growth for each asset was critical in calculating after tax returns.
This was particularly the case for assets that produce large cash flows that are taxed at the full marginal income tax rate, while assets that create returns through capital gains are taxed only at half of the marginal income tax rate (assuming the asset has been held for at least one year).
The S&amp;P ASX200 total return index provides information on average dividend yields and capital price growth.
In order to try to estimate the benefit of franking of dividends, the average amount of franking credit paid was assumed to be equivalent to a frankable company tax rate of 27%.
This is the average that was issued by the SPDR S&amp;P ASX 200 index tracking fund since mid-2002, when the company started reporting.
The average coupon rate and price growth for a portfolio of Australian government bonds were tracked using the Datastream Government Bond Index (all maturities).
Both the ABS and IPD data provide information on capital price growth and rental yields for each quarter.
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Owner-occupied housing top-performing asset over 24 years, but not in the next decade: ANZ

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{yoogallery src=[images/stories/october6westin]}
Melbourne bookmaker Mark Read and wife Shari have snappily sold their sub-penthouse in the Westin hotel in Melbourne.
It had been listed with a $7 million asking price through Dingle Partners agent Anton Wongtrakun, who says he is unable to provide any sale details.
It was marketed as among the finest apartments in Melbourne's CBD, set on a north-eastern corner in the Grocon-built complex above Melbourne's five-star Westin hotel.
The 420-square-metre 11th floor apartment comes with a double-height lobby, five bedrooms, five limestone bathroom and a study.
The formal and informal living areas enjoy a city skyline backdrop.
<img src="/images/stories/markread.jpg">
<a target="_blank" href="https://www.propertyobserver.com.au/residential/title-tattle-packers-shuffle-the-paperwork-john-hewson-a-major-property-player/2011082651311">Read has yet to sell </a>his Queensland acreage at Cooroy Mountain (pictured above).</body></html>

Bookie Mark Read's Westin Melbourne apartment races to quick sale

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This Woolloomooloo motor mechanic workshop’s humble appearance belies its noteworthy company ownership.
Until last month the inner-city Sydney workshop – and a nearby warehouse – were within the real estate portfolio of the billionaire Lowy family’s international property conglomerate, the Westfield Holdings group.
The 215-square-metre workshop was sold for $1.3 million and the 400-square-metre two-level warehouse fetched $2,675,000 through Ray White Commercial Eastern Suburbs agents Grant Whiteman and Stephen McMorrow.
The Lowy family has a preference to hold onto its assets - the two properties were purchased in the early 1970s – the warehouse costing just $350,000 when bought through a company named Eastfield Pty Ltd.
Frank Lowy and John Saunders were the business partners, creating Westfield Development Corporation through the development of a shopping centre at Blacktown in Sydney's western suburbs.
Over 30 years, Lowy and Saunders developed shopping centres across Australia and the United States until Saunders sold his interests in 1987, and then the Lowy family expanded the company’s reach to New Zealand and the United Kingdom.
Lowy and Saunders had built the company headquarters at 100 William Street, Sydney,  just around the corner from the two recently sold Woolloomooloo properties.
In the early 1970s the precinct was emerging as a development hotspot evidenced in 1972 when Sid Londish spent about $20 million buying Woolloomooloo terrace slums and proposed a $400 million redevelopment.
By 1974 after two years of green bans, Londish’s backers withdrew, forcing Londish’s company Regional Holdings to abandon the ambitious project.
Londish had an earlier association with Woolloomooloo with the Londish family's Woolloomooloo engineering workshop, which they closed two years after Prime Minister Robert Menzies scrapped the engineering depreciation allowance in 1950.
Westfield is due to vacate 100 William Street, East Sydney in the next 12 months to 18 months, with plans to move into new offices at its $2.68 billion Westfield Sydney complex on Pitt Street Mall.
Westfield's main lease in east Sydney expired at the end of June this year. 
Westfield Towers was sold to the Kah Motor Company in 1996 by the Commonwealth Funds Management for $31.98 million, adding to its $22 million purchase in 1993 of the Boulevard Hotel next door.
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Lowy family makes $1.3 million in Woolloomooloo garage sale

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John Marasco, Colliers International managing director of investment services, says Australia’s major property players will continue to invest domestically over the next 12 months, mainly for reasons of social and political stability and the mining boom.
“Our investors continue to be upbeat about the state of the market, with most still seeing the market in early upswing,” Marasco says.
“Just over 60% of surveyed investors indicated they were likely to expand their real estate holdings over the next six months, with just fewer than 18% stating it was unlikely.
“This level is higher than last year, when 46%of investors were looking to expand.”
He pinpointed the top three acquisition targets as office assets in Sydney, followed by Melbourne and Brisbane.
Sydney was highlighted as the top long-term hold, while Melbourne was the top short-term hold consistent with Colliers’ view of the rental cycle in these markets.
Some 59% of Australian respondents expect rental growth to exceed the rate of inflation over the next three to five years.
The report also found that office assets were also the top market sector for investors looking to sell, with Melbourne office assets slightly more likely to be to be disposed of than those in other cities.
“The strong demand for Australian office assets is encouraging many vendors to sell with many seeing this as an ideal time to take buildings to market to achieve the best price possible,” Marasco says.
“Major property players are returning to core portfolios, a trend we have seen in recent times by the likes of REITs such as GPT, Stockland and DEXUS.”
Investors in Australia/New Zealand, Asia and Latin America were also seeing increased demand for suburban office space, while investors in other regions were witnessing the opposite – a trend toward recentralization resulting in lower demand for suburban office space.
“The survey has shown the majority of Australian investors now see overseas markets as too risky at present, given economic conditions in major financial markets,” Colliers International research director Nerida Conisbee notes.
The survey was conducted a week either side of the US debt rating downgrade on August 6.
Conisbee says the global economic outlook is impacting sentiment in the Australian property market.
“Survey respondents cited concerns about the flow on impacts of problems in the US and Europe to Australia and New Zealand, with access to finance also proving an issue,” Conisbee says.
“Access to finance and cost of finance was not seen to have improved over the past six months. But a stablisation seems to have occurred. Half of all investors believe that conditions in lending markets have not changed, and there has been no change to the cost of debt.”
Some 30% believe there has been a tightening of lending standards and 20% suggest a loosening of lending standards.
On a global level, Marasco says investors believe demand is rising, availability and vacancy rates are falling, and headline rents are on the rise.
“This optimistic outlook suggests they have the confidence to make buying and selling decisions — a confidence absent in 2008 and 2009, when investment sales dwindled to a fraction of their usual volume,” he says.
“Around the world, capital real estate flows have continued to grow with about 9,250 investment properties worth US$350 billion changing hands, an increase of 30% in volume over the same period in 2010.
“The real driver behind this result was positive growth within the America’s region, with the United States experiencing an increase of 124% in the value of commercial property transactions in the first half of this year.
“Other world regions also saw investment growth, with Europe Middle East and Africa increasing by 21% to US$87 billion, while Asia Pacific saw 12%growth over the year.
“The safety transparency and positive outlook for rental growth in Australian property markets means that global and local investors will continue to be active of the next 12 months further fuelling transaction volumes,” Marasco says
Other global highlights from the report include:
<ul>
<li>As evidence of investors’ renewed confidence in the global market, 85% of investors said they are likely to expand their portfolio in the next six months. In the 2010 survey, only 60% of investors said they planned to expand their portfolio in the coming year.</li>
<li>Most investors see the global investment market in early stages of upturn, but not necessarily for the same reasons. For example, in the US and Canada, cheaper and easier credit makes buyers more optimistic.</li>
<li>In the Middle East and Africa, political risk is their primary barrier to expansion. In Asia, economic uncertainty is seen as the greatest risk. In Australia, the key concern is equity.</li>
<li>Canadians have the greatest appetite for risk at 64%, and 60% of US investors said they were more aggressive than six months ago, a stronger shift in risk tolerance than any other region.</li>
<li>Investors in Asia, Australia/New Zealand and Latin America see increased demand for suburban office space, while investors in other regions see a trend toward recentralization, resulting in lower demand for suburban office space.</li>
<li>atin American investors were most pessimistic, believing we are at the peak of the market. However, they also noted that there is insufficient supply of properties for sale, suggesting that investors are still interested in buying.</li>
</ul>
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Australia's property players still looking to invest locally: Colliers

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Meriton Apartments has commenced the marketing of the initial Oceanvale offering on its eight-hectare $276 million Warriewood estate. The first stage comprises 226 apartments.
Its comes just three weeks after Pittwater Council failed in its bid to stall Meriton’s approval, which was given earlier this year by the NSW Planning and Assessment Commission (PAC).
Prices start at $425,000 for one-bedroom units, two-bedroom units from $545,000 and three-bedroom units from $640,000.
The display centre is open at the corner of Macpherson Street and Boondah Road.
The Land and Environment Court ruled last month the 450-apartment project on Sydney’s northern beaches could proceed given it accorded with the state government’s policies as laid out in the north east subregional strategy, which refers to a target of 4,600 new dwellings in the Pittwater local government area to be constructed by 2031.
The PAC decision in January noted there was a need to increase housing stock in metropolitan Sydney and in each subregion to meet housing demand from a growing population and changing household requirements.
The PAC says it took its lead from the state government’s 2010 Metro Strategy and approved a concept plan limiting building height generally to three storeys and development densities to a maximum of 60 dwellings per hectare.
It notes the proposed height is considered compatible with surrounding streetscape and the density is sustainable given the location.
The PAC strongly recommended that the council and the Department of Planning work together to jointly prepare a comprehensive strategic study of the whole Warriewood Valley.
“In the absence of such a study and in order not to unreasonably delay a determination of the applications in considering the merits of the project, the PAC takes its lead from the Metro Strategy as guiding its conclusions regarding the appropriate development density and height at the site,” the court judgement notes.
The PAC considered that a three-storey limit was appropriate, with a fourth storey on certain buildings in the centre of the eight-hectare site.
The project application for stage 1 was also approved subject to the modified concept plan and conditions.
The council submitted there was a requirement for certainty in relation to the determination of concept plans.
Meriton had sought approval for residential development at a density of 75 dwellings per hectare and building heights of variously three, four and five storeys.
The most recent council strategic report – the Warriewood Valley planning framework 2010 – recommended 25 dwellings per hectare.
Under the council local environment plan the site is identified has permitted to have a density of 17 to 18 dwellings per hectare. The development control plan specifies a building height of two to three storeys for the site.
Residents have claimed any 19-metre-high, five-storey development would be the tallest approved on the peninsula since the council was formed almost two decades ago.
The site determination by the PAC followed the procedural state government’s Part 3A planning law that removed council control over the assessment process.
Pittwater Council list the site’s history as August 2009, when under Part 3A of the Environmental Planning &amp; Assessment Act 1979 , a major project was declared at 14-18 Boondah Road, Warriewood.
Under part 3A, the Minister for Planning was the consent authority, rather than Pittwater Council, however the minister delegated determining authority to the Planning Assessment Commission. The council made a submission on the Environmental Assessment and a submission on the preferred project report objecting to the major project application.
On January 18, 2011 the PAC approved a concept plan and project approval for stage 1 works, subject to modifications limiting the number of building storeys and the development density. The concept approval stated that all future stages of the development are to be lodged with and assessed by council.
Information relating to the major project application and the PAC's report may be viewed via the <a href="https://www.planning.nsw.gov.au/" target="_blank">Department of Planning &amp; Infrastructure website</a>.
A development application for stage 2 of the concept plan was lodged with council on April 15, 2011 (N0125/11). This application has now been withdrawn by the applicant.
Pittwater Council appealed the PAC's decision in the Land and Environment Court. The judgment was handed down on September 12, 2011, dismissing the council's appeal.
The concept plan and stage 1 of the development, approved by the PAC, remain valid consents.
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Pittwater's objections struck down, Meriton Warriewood development starts selling

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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