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The Bank of Queensland (BoQ) will refund thousands of customers around $12 million after they paid too much interest on their home loans over a number of years. 
Mortgage customers were overcharged due to a computer error that resulted in a failure to link Mortgage Offset Accounts (MOA) to some eligible home loan accounts. 
An offset account is a savings account that is linked to a person's home loan account. 
Any money in the offset account reduces the amount of interest payable on the linked home loan. 
“In this case, BoQ failed to link some offset accounts to home loan accounts, which meant that money held in those offset accounts did not reduce the interest payable on the home loan accounts. As a result, borrowers paid more in interest than they should have done,” explained ASIC. “Current estimates are that the error impacted approximately 6,000 customers and total refunds will be in the order of $12 million,” said ASIC. 
The bank discovered the problem and reported it to the corporate watchdog. “BoQ has agreed to appoint an independent expert to review its remediation processes to ensure that all affected customers are identified and appropriately compensated, and BoQ's compliance systems are adequate to prevent a similar error occurring in future,” said ASIC. ASIC acknowledged the cooperative approach taken by BoQ in relation to this matter. BoQ has already compensated some customers and will ensure that the remaining affected customers are contacted. Customers affected by the error will be advised of their compensation, which will take place over the next 10 months. 
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lschlesinger-FZcF9M3vE6

Bank of Queensland to refund 6,000 customers after mortgage offset error

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A 127-hectare Richmond lot and a 100-hectare Windsor Turf property of the failed companies associated with Achilles "Big Al" Constantinidis has again been listed for receivership sale.
The properties are being marketed jointly by Webster Nolan Real Estate and LJ Hooker Brisbane Central.
The <a href="https://www.propertyobserver.com.au/https://www.websternolan.com.au/node/120" target="_blank">127-hectare property at 4 Dight Street</a> in Richmond Lowlands, less than an hour from Sydney, was listed in July last year with $4 million plus expectations as part of a <a href="https://www.propertyobserver.com.au/rural/alluvial-windsor-district-turf-dairy-and-polo-farms-of-achilles-big-al-constantinidis-listed-for-receivership-sale/2012070955487" target="_blank">282 hectare portfolio of alluvial Windsor district turf, dairy and polo farms</a>  receivership sale.
The picturesque property (pictured below)  is listed as potentially being used for cattle, horses, as a turf farm and to grow vegetables. It has a 270 ML irrigation licence to pump from Hawkesbury River.
<img src="/images/stories/2013/04/constantinidisapril4one.jpg" alt="constantinidisapril4one" width="470" height="353">
<a href="https://www.propertyobserver.com.au/https://www.websternolan.com.au/node/121">The 100-hectare “Windsor Turf” farm</a> (pictured below), situated just outside <a href="/news">Windsor</a>, had $5 million-plus hopes in July last year.
<img src="/images/stories/2013/04/constantinidisapril4two.jpg" alt="constantinidisapril4two" width="470" height="352">
The land cost $21 million plus in 2007. Mark McIvor's Queensland-based lender, Equititrust, has a mortgage over the land and is believed to be owed $22 million-plus, having been involved as quasi-joint venturers with Constantinidis.
The Australian reported that a multi-hectare holding at <a href="https://www.propertyobserver.com.au/https://www.websternolan.com.au/node/122">177 Francis Street</a> also in Richmond Lowlands recently sold to a local polo-playing family for more than $2 million.
Constantinidis, a former accountant, was a consultant to the Bulldogs during the Liverpool rugby league Oasis development.
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'Big Al' Constantinidis rural properties listed again for receivership sale

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The premises of Paul Mathis’s acclaimed FireChief restaurant in Hawthorn East have sold to a private investor for $4.4 million at auction. 
The sale price represented a 5.9% yield. 
This was above <a href="https://www.propertyobserver.com.au/retail/hawthorn-east-premises-of-paul-mathis-firechief-restaurant-listed-for-march-auction/2013031259794" target="_blank">pre-auction expectations</a> of $4 million to $4.3 million.
Fitzroys agents Chris Kombi and Mitchell Humphreys handled the auction campaign, alongside Grita Angelucci of John H Castran. 
The property, at 169 Camberwell Road, Hawthorn East, has two street frontages and comprises a fully refurbished building of around 455 square metres incorporating FireChief plus its “little sister”, laneway café Goldilocks. 
The property is subject to a seven-year lease with two further seven-year terms to Paul Mathis. 
Fitzroys director Chris Kombi said the purchaser was attracted to the rare opportunity to secure a high profile property with a long lease and strong passing income in a vibrant main road location.
Mathis is a celebrated “concept” chef with FireChief renowned for its pizzas, which include a classic minimalist Naples-style pizza and an ‘Aussie’ pizza topped with an egg.</body></html>

Paul Mathis FireChief premises in Hawthorn East sell for $4.4 million

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AMP Capital will use $200 million of new equity raised from investors in its Shopping Centre Fund to help fund the redevelopment of Macquarie Centre in North Ryde into the second biggest mall in Sydney as well as upgrade the Ocean Keys mall in Perth.
In October last year, AMP Capital announced it would spend $390 millions redeveloping Macquarie Centre from 97,000 square metres to 135,000 square metres gross leasable area with more than 375 speciality retailers. 
On completion in the last quarter of 2014, Macquarie Centre, with will be the second largest shopping centre in Sydney and a top 10 centre by size in Australia.
The biggest shopping centre in Sydney is Westfield Parramatta at 137,000 square metres. 
Macquarie Centre is 100% owned by AMP Capital managed funds after it acquired Westfield Group and Westfield Retail Trust’s 50% interest for $426 million in October last year.
AMP Capital will spend $100 million redeveloping Ocean Keys in Clarkson, Perth, also due for completion at the end of 2014.
The centre will get a new Target store, an additional 48 specialty stores, a new dining precinct, a multi-deck car park, commercial offices and 10 residential apartments attached to the centre.
The $200 million equity raising came from Australian institutions and a new mandate from a European pension fund. 
“We were very happy with the level of interest we have seen in the fund and the speed at which we secured funding from both domestic and international investors," said AMP Capital Shopping Centre fund manager Conrad Sinclair.
The capital raising launched in November last year.
“Despite softer retail conditions investors have recognised the very high quality of the portfolio and ability to add further value over the long term as well as AMP Capital’s ability to deliver these outcomes.  Their investment allows them to participate in the growth of leading shopping centres with significant development opportunities.
The AMP Capital Shopping Centre Fund is a $2.3 billion sector specific shopping centre fund with exposure to 11 assets in five geographic sectors across Australia and New Zealand.
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AMP raises $200 million to develop Sydney's second biggest shopping mall in North Ryde

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There has been some pick-up in the Gold Coast property market, but it still takes almost six months on average to sell a residential property, according to the latest market update from Australian Property Monitors (APM).
Average days on market on the Gold Coast have reduced from 184 a year ago to 173 as of February 2013 - the long-term average is 130 days.
The average discount required to sell a property has also reduced marginally from 11.6% to 10.3% and is approaching the long-term average of 9.7%
According to APM, there are 11,000 properties listed for sale on the  Gold Coast, nearly 20% less than a year ago, but still 1.5% higher than the long-term trend.
"High levels of unsold properties will remain a drag on a sustained Gold Coast housing market revival in 2013," says APM.
"This is particularly the case for the unit market, which continues to suffer from high listing numbers with prices down by 1.6% over the December quarter and down 7% over 2012.
"The local economy however is doing its part, with the latest unemployment rate recorded by the ABS over January at 5.8% compared to the 6.7% of January 2012.
<img src="/images/stories/2013/gold_coast_days_on_market.gif" width="565" height="431" alt="gold_coast_days_on_market">
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Gold Coast properties still taking nearly six months to sell: APM

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The difficult operating environment being faced by some businesses is also evident in the commercial property sector, the RBA has acknowledged in its latest Financial Stability Review.
Buried deep within the hefty bi-annual report, the RBA also notes that the banking system has “sizeable exposures” to commercial property.
“The pace of the recovery in commercial property rents and prices slowed in 2012, and conditions generally remain weaker than prior to the crisis across the main market segments,” says the RBA.
“In the CBD office market, where conditions had improved the most over the past few years, rents have fallen in recent quarters and vacancy rates have begun to increase again.
“The increase in office vacancy rates over the second half of 2012 was driven by weaker tenant demand across most capital cities, and followed large supply additions in the first half, particularly in Perth and Brisbane.
“While there is some new supply in the pipeline, private non-residential building activity has been fairly weak compared with the run-up prior to the financial crisis, and the outlook for construction in the near term is subdued: non-residential building approvals in the second half of 2012 were below their average level since the early 1990s as a per cent of GDP, and survey measures of investment intentions are weak,” says the RBA.
<img src="/images/stories/2013/comm_prop_charts.gif" width="636" height="550" alt="comm_prop_charts"> 
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Conditions remain "difficult" in commercial property sector: RBA

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<div>Glenn Stevens will lead the RBA for a further three years until 2016.</div>
<div></div>
<div>The extension of his term as governor of the Reserve Bank was announced today by Australian treasurer Wayne Swan.</div>
<div></div>
<div>His current appointment was due to expire on September 17 this year.</div>
<div>
 Stevens has been governor of the RBA since September 2006, helping to steer the country through the GFC following deep cuts to interest rates in late 2008 and early 2009.</div>
<div></div>
<div>ANZ economist Katie Deans notes that the early re-appointment avoids the appointment from becoming a potential political issue. Stevens's current term was due to expire three days after the Federal election. 
</div>
"The short term of three years - usually appointments are made for seven years - probably reflects a succession plan to the next governor.
"The likely successor to Glenn Stevens, deputy governor Philip Lowe, was only appointed to his current role last year (February 2012), so was probably viewed as needing more time in that role before being promoted to governor.  The shorter term mirrors the final appointment of the previous governor Ian Macfarlane, before he passed the governorship to Stevens," she says. 
"Given the relative resilience of the Australian economy under Stevens's stewardship, his reappointment should be seen as favourable by markets.  And what appears to now be a clear internal succession plan at the RBA introduces further certainty to Australian the monetary policy process."
The Treasurer also announced the appointment of Kathryn Fagg to the RBA Board for a five-year term (commencing 7 May 2013), replacing Woolworths director Jillian Broadbent. 
Fagg has worked across the resources, transport and finance industries.
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Glenn Stevens re-appointed RBA governor until 2016 

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Beer, food and beverage maker Lion will relocate its WA headquarters to the redeveloped historic Old Swan Brewery mixed use development on Mount Bay Road, south of the Perth CBD.
Originally established in 1857, the former grand Edwardian brewery building was fully restored and refurbished by Multiplex in 2001. 
It is a coming home in a sense for Lion given that the original occupier of the historic building was Swan Breweries – a company that was purchased by the since renamed Lion Nathan between 1990 and 1992.
Lion will occupy the entire first level of the redeveloped brewery, which is located at 171 Mounts Bay Road. 
CBRE Office services director Luke Bray negotiated the five-year lease over the 1,243 square metres office floor.
The lease commences this month. 
Bray says the building’s high profile, city fringe location and the unique nature of the space had been major draw cards for Lion, which was moving its offices from Canning Vale ahead of relocating its brewing operations interstate.
“Old Swan Brewery is one of Perth’s most identifiable buildings, combining three levels of office accommodation with restaurants and luxury apartments,” Bray says.
“All areas boast panoramic views of the Swan River, with the site also benefitting from its prestige location next to Kings Park, close proximity to the CBD, ease of access to the Mitchell and Kwinana freeways and abundance of on-site car parking.”
Upon completion of the refurbishment, Multiplex (now Brookfield Multiplex) moved into levels 1 – 3 of the building and today the company still occupies two floors in the building.
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Lion comes full circle as it relocates offices to Perth's Old Swan Brewery

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The latest HIA new home sales report suggests further woes for the outer Melbourne fringe land market with new detached house sales falling 13.7% in Victoria over February.
The state led a 5.3% seasonally adjusted national decline in new home sales over February reflecting a 4% reduction in detached house sales and an 11% drop in multi-unit sales.
Sales of new detached houses fell 2.8% in New South Sales and 6.7% in South Australia.
Increases in detached house sales occurred in both Western Australia (+1.9%) and Queensland (+0.8%) during February.
The results are based on a survey of Australia's largest volume builders
“These data are disappointing in the context of the growth in sales over previous months,” says HIA senior economist, Shane Garrett.
“The broadly based decline in activity during February is a reminder of how delicate the nascent recovery in the housing industry really is. 

“If we take a broader view of the situation, the overall direction of activity is still quite encouraging.
“New home sales are up strongly over the last three months in almost all states, in terms of both houses and multi-units. 

“Nonetheless, February’s data emphasise how far housing market activity has fallen from the levels of just three years ago. The industry is struggling in the current economic environment and strong policy measures will be required to bring market activity back up to levels consistent with Australia’s long term requirements."

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New home sales "stumble" in February led by 13.7% drop in Victoria: HIA

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Standard &amp; Poor’s has cut the credit rating of Adelaide-based debenture-issuer Angas Securities from ‘B+’ to ‘B’ and placed it on a credit watch with a negative outlook.
A rating of ‘B’ indicates the company has the capacity to meet its financial commitments but that “adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments”.
The downgrade follows S&amp;P's revision of its outlook for Angas from stable to negative in April last year.
<a href="/news">In January this year</a>, Property Observer reported that Angas Securities revealed that a third of its loans were in arrears, with around $33 million of these loans more than a year in arrears.
Angas has raised $300 million from around 2,500 small investors who have invested in Angas Securities' debenture fund, which offers returns from 7.5% to 9% and principally lends the money on at high interest rates as commercial property loans.
S&amp;P noted last year that Angas had a “sizeable portfolio of non-performing assets includes some large exposures when assessed against the company's modest capital base”.
Angas Securities and its dozens of debenture funds are listed on the small cap National Stock Exchange.
In an investor newsletter published last month, Angas said the Standard &amp; Poor’s credit rating “is an objective, independent opinion of the willingness and capacity of Angas to meet its financial commitments in full and on time”.
In its most recent financial update following the release of poor interim results, Angas executive chairman Andrew Luckhurst-Smith says “the entire debenture funded commercial lending sector was facing significant scrutiny in the wake of two provincial companies entering receivership during the period”.
Debenture funds that have collapsed over the past year include Sydney-based Provident Capital, Brisbane-based Wickham Securities, regional Victorian-based Banksia and <a href="https://www.propertyobserver.com.au/developments/irregularities-suspected-in-lmim-s-maddison-estate-mortgage-fund-reports/2013040160117?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=news">Gold Coast-based LM Investment Management</a>, which had its first creditors meeting yesterday.
Luckhurst-Smith added that “both were unlisted and un-rated issuers so were not directly comparable to companies such as Angas”.
Angas Securities posted a 34% drop in profit (before tax and dividends) of $1.019 million for the six months to December 30, 2012 on higher revenues (up 19%) of $20.839 million.
The financial report shows loans totalling $238 million on the balance sheet up from $179 million in the previous corresponding six-month period.
The company also holds $33 million worth of investment property and $27 million in cash.
Luckhurst-Smith said profits were lower on the year before due largely to expenses involved in the recovery of loans and the management of several impaired loans.
He also reported that the fund had finalised negotiations for the structured sale of Fernhill, a grand residential property near Penrith, on the outskirts of Sydney, which is being transformed into 88 residential allotments and a major tourism venue, expected to generate in excess of $50 million.
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S&P cuts credit rating of Adelaide debenture issuer Angas Securities

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Joel Robinson

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
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	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

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The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

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Larry Schlesinger

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