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A Camillo, WA mortagee home listed for $245,000 is now under offer according to realestate.com.au.
If it were to sell for the sought price it would represent a 20% increase in value on its 2008 sale price of $200,000.
Shane Denniston of The Professionals is marketing the property at <a href="https://www.realestate.com.au/property-house-wa-camillo-132875758" target="_blank">39A Westfield Road</a>.<a class="agent-info__name sc-kpOJdX khYtfc" href="https://www.realestate.com.au/agent/shane-denniston-236716?cid=agent-profile-page%7Cbuy:pdp:contact-side-panel"> </a>
The five bedroom, two bathroom house is set on a 773 sqm block.
The abode was built in 1986 and is according to the listing, "a handy man's dream, with work to be completed throughout the home."
It holds an outlook over Westfield/Heron reserve and is close to both the train station, and Kelmscott shopping centre.
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The median price for a house in Camillo is $215,000 according to CoreLogic data.
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j.ballantyne1990-6AQqhLzZaK

Camillo, WA mortgagee home listed for minor profit under offer

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EXPERT OBSERVER
More carnage overnight with US stocks down another -10 per cent again in early trade to smash into the circuit breakers, with the Dow Jones shedding -36 per cent in less than a month, before a late rally.
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The oil price (WTI) was down at nearly $20 at one stage, before a bouncing to $22, nestling in at the lowest level since the early 2000s...so there are some value plays emerging there.
But overall, cash is king at the moment while stock market valuations continue to mean revert.
This risks sounding like a broken record, but it bears repeating that overall US stocks are still far too expensive given the outlook, and could yet fall another -30 per cent even from here (if things got really bad they could go much lower).
 
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 <div>Source: Shiller PE</div>
 Don't forget that previously healthy earnings are about to be decimated, with JPM forecasting US GDP to shrink by 4 per cent in Q1 and 14 per cent in Q2. I can't watch another fund manager video demanding that you stay fully invested with them. It's time to step away from the noise and remember the <a href="https://lowrateshighreturns.com/2020/03/16/applying-the-8-timeless-principles-in-a-bear-market/" target="_blank">8 timeless principles</a>! The <a href="https://lowrateshighreturns.com/2020/01/04/maximising-your-long-term-wealth-with-the-kelly-criterion/" target="_blank">Kelly criterion</a> demands that you keep cash aside and live to fight another day - especially when markets are as overvalued as they have been - as better opportunities will always come around in the future. Remember Rule #1: don't lose money. The Aussie market stock index may catch a bid after a European stimulus announcement this morning. This is Lagarde's own 'whatever it takes' moment, but the ECB promising no limits to its commitment to the Euro, and another massive asset purchase programme. Still on the balance of probabilities the Aussie index increasingly looks likely to hit late 2009 levels this week in the 4,800s range this month. This is a swift and brutal lesson in the importance of <a href="https://lowrateshighreturns.com/2019/12/29/the-magic-of-rebalancing/" target="_blank">rebalancing</a> and keeping cash aside for future opportunities arising, with a decade of price gains erased in about 20 trades. Buy and hold at all times has been mistaken at times as a panacea or even a religion, but it's not; you need and do whatever it takes to keep yourself around to capitalise on the opportunities. 'Whatever it takes' moment
 
A historic An historic A momentous day ahead for Australian financial markets.
The Reserve Bank is set to make a landmark announcement at 2.30pm Sydney time, with Governor Lowe lined up to speak thereafter at 4pm.
Lowe will likely discuss an emergency cut in the official cash rate to 0.25 per cent, central bank purchases of government bonds, the ongoing conducting of repo operations, and other measures to ensure that credit continues to flow to households and businesses. 
Global cases of the coronavirus continue to increase at this stage, suggesting that a serious disruption to the global economy lies squarely ahead, although known cases in Australia remain relatively low at this stage. 
 
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Daily new cases hit fresh highs yesterday (the February 12 spike was a data collation or measurement issue).
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 The biggest surge in cases lately has been in Italy, with 35,713 cases and 2,978 deaths recorded to date. Recession ahead Major bank economists see the Aussie unemployment rate rising to 7 to 8 per cent (not that you can really forecast in the present environment), while the government's initial stimulus package probably isn't enough to save the economy from printing negative growth for both the first and the second quarter of the year.  
This would lock in Australia's first recession in three decades. 
Recent years been characterised by the Reserve Bank 'leaning against' asset prices and continually undershooting the inflation target, with persistently slow growth in wages and living standards.
Nobody could've predicted the great trifecta of drought, bushfires, and a global pandemic, of course, but the economy was already running well below potential before these shocks. 
At this stage all we have is mostly anecdotes about the likely state of the economy, but so many of them reflect sharp drops in revenue, income, commissions, and profits, that this is no time for half measures.
Markets will be looking for a 'whatever it takes' pledge and from Lowe, and the use of unlimited monetary ammunition until things stabilise. Anything less than that will be brushed aside in the savage market conditions. From the government's perspective infrastructure programs and tax cuts aren't going to cut it. What's needed is putting cash into the hands of households and small businesses today...to prevent the R from becoming a D. They'll write books about all this next year; it's been a momentous month. 
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.
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Infrastructure programs and tax cuts won't be enough: Pete Wargent

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Population growth is over two percent year- on-year, investment in infrastructure including development of the Northbourne Avenue corridor, the Canberra Hospital expansion, a new Canberra Theatre and the successful introduction of Stage 1 of the light rail system (with plans in place for Stages 2 to 4) seem to be attracting more people to the Bush Capital, according to the Herron Todd White (HTW) residential report. 
"So what does this mean for the Canberra housing market? Well, let’s look back before we look forward. 2019 brought us the long awaited conclusion to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, record low interest rates as well as a general election and the media frenzy regarding the Sydney and Melbourne housing markets.
"Any one of these events could have significantly affected the Canberra market but what actually happened? Not a lot! Houses still sold and most real estate agents have had a very good year, thank you very much," the valuation firm said. 
In fact, records were broken w ith <a href="https://www.realestate.com.au/sold/property-house-act-red+hill-132279254" target="_blank">30 Mugga Way, Red Hill</a> (pictured below), selling for $5.85 million at the tail end of the year.
Sitting on a 5,110sqm allotment, the home comprises five bedrooms, formal lounge and dining, study, and established front garden.
Other highlight include swimming pool, tennis court, wine cellar for 460 bottles and three car garage. 
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"So what of 2020? From my Year 7 economics lessons, I recollect the effects of supply and demand on any market and it is no different in the Canberra housing market. There is a predicted rise in population (for the reasons stated above) and these people will all need somewhere to protect them from the Canberra elements (freezing winter conditions and searing summer heat)," the valuation firm stated. 
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"So demand is there but what about supply? Sales of Mr Fluffy blocks have slowed considerably with the general consensus being that you can get better value elsewhere," the valuation firm continued. 
 New land releases in Wright, Coombs, Denman Prospect, Throsby, Taylor and Strathnairn have seen steady sales with additional land releases in Whitlam set for March 2020. 
The report notes these should keep the building contractors in Canberra busy over the coming year and possibly see a rise in already high construction costs.
Supply of units is a slightly different story although it is influenced by locality, according to the HTW report. 
Units in areas such as Gungahlin (approximately 14 kilometres from Civic), have seen values drop slightly due to rapid development, with an influx of units coming onto the market and reduced demand (back to Year 7 economics).
A one bedroom apartment in Gungahlin (pictured below) is currently on the market with $295,000 hopes. 
The apartment at <a href="https://www.realestate.com.au/property-apartment-act-gungahlin-133018726" target="_blank">116/1 Anthony Rolfe Avenue</a> comprises living area, designer kitchen and one bedroom.
The complex features 25m swimming pool, gym and barbecue area. 
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"Elsewhere, the value of units is expected to be steady although it will be interesting to see the effect of the recent media attention given to poorly designed or built units in Sydney and Melbourne and whether this will see potential purchasers turning their attention from buying off plan to looking at older more established blocks. 
"However, it’s not all bad news for owners of units as rental income is high and vacancy rates are low and there is no reason to believe this will change over the coming year," the valuation firm said. 
Housing in established suburbs is still expected to be in demand with property selling well, particularly in the popular inner south and inner north.
The report suggests Ainslie and Yarralumla are leading the field with regards to median house prices which are well over $1 million.
At the other end of the scale, areas further away from Civic have a lower median house price such as Belconnen ($375,000), Charnwood ($458,000), Banks ($488,500) and Phillip ($490,000).
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"The introduction of the home buyer concession scheme, which means that first time buyers pay no stamp duty if their income is under a certain threshold, has strengthened the lower end of the market. Unfortunately, this has generally resulted in any savings being absorbed by the rise in sale price due to an increased number of people looking at property in this price bracket.
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"We anticipate a slightly slow start to 2020, which is not uncommon, followed by a steady year with some growth in all sectors except for the unit market which is expected to be fairly stagnant with some fall back in places. However, don’t be surprised if that record sale price is toppled in 2020." 
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Canberra to see growth in all sectors except unit market in 2020: HTW residential 

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A Napperby, South Australia mortgagee has been sold for $90,000.
The house was originally listed for $138,000, before being slashed to $110,000.
Wayne White of Wardle Co Real Estate marketed the listing.
Situated at <a href="https://www.realestate.com.au/property-house-sa-napperby-127573318" target="_blank">158 Scenic Drive</a>, the property consists of three bedrooms and one bathroom.
Set on 3,237 sqm, the listing describes the home as a "hobby farm for a renovator."
It is located 10 minutes from Port Pirie.
The property features a partly renovated bathroom and four parking spaces, outside there is an old olive orchard, other trees and chook houses.
The circa 1960 built home has been on the market for over 500 days.
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According to CoreLogic, in <a href="/developments/napperby-sa-5540">Napperby</a> the annual change in median price over the past 10 years is 1.9%.
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Napperby, SA mortgagee listing slashed 20% and sold

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A freestanding luxury property in Glebe was recently sold. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-glebe-133027982" target="_blank">Avona Avenue home</a> sold through Stone estate agents Giorgio Koula and Daniele Onofaro for $3,250,000. 
The four-bedroom, three-bathroom home has unobstructed views of the city skyline and Anzac Bridge across the Blackwattle Bay.
The 297 sqm, three-storey features generous living spaces with an upper-level master ensuite and private balcony, a large alfresco terrace, spacious lower-level studio with vast underuse storage, and a greenery retreat in the back garden. 
The property was last sold in 2017 for $3.2 million, according to <a href="https://www.realestate.com.au/property/29-avona-ave-glebe-nsw-2037?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline" target="_blank">Realestate.com.au</a>. 
A similar four-bedroom, three-bathroom property on Wigram Road in the area recently sold for $2,650,000 last month. 
There have been 42 four-bedroom houses sold in Glebe, 11 for sale, and six upcoming auctions. 
 
 
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Glebe luxury home with views of city skyline sold

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An oceanview residence set on the Forresters Beach reserves with direct path to sand has been listed for sale. 
The <a href="https://www.realestate.com.au/property-house-nsw-forresters+beach-132835410" target="_blank">Forresters Beach Road residence</a> has been listed through Belle Property estate agent Cathy Baker whose price guide is $5.5 million. 
The five-bedroom, five-bathroom home can be viewed by appointment, with expressions of interest closing on March, 30. 
The master ensuite is located on the top floor with a study, private terrace, and walk-in robe. Meanwhile, all the other bedrooms have either walk-in or built-ins.
Indoors, the mezzanine design showcases the home's high ceilings and generous living areas. There is a family room, fireplace in the lounging area and a home theatre.
The 746 sqm residence features ocean views from nearly every vantage point with its gallery of glass-wrapped living spaces which extends outside to a sheltered entertaining terrace.
There is also a heated pool, spa and water feature at the back with direct pathway to the beach. 
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This beachfront reserve was last listed but not sold in 2015 for 126 days.
The property was last sold in 2010 for $3.2 million through private treaty by PRD Nationwide. 
There were five five-bedroom houses recently sold in Forresters Beach, according to <a href="https://www.realestate.com.au/property/65-forresters-beach-rd-forresters-beach-nsw-2260" target="_blank">Realestate.com.au</a>. 
Last month, a similar five-bedroom, three-bathroom house located behind the reserve at Yumbool Close sold for $950,000. 
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Forresters Beachfront reserve residence for sale

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An award-winning seaside house in Brighton has been listed through Marshall White estate agent Scott Xue and Andrew Campbell for $5.7 million. 
The <a href="https://www.realestate.com.au/property-house-vic-brighton-132824350" target="_blank">Martin Street masterpiece</a> won the HIA's Victorian Home of the Year award, with two levels of precision-built quality and seamless indoor-outdoor tranquility.
The four-bedroom, four-bathroom home features large living and dining areas that open onto three decked areas, a kitchen with a butler's pantry, three Miele ovens, warming drawer and a Vintec wine fridge, and app-operated heating and air conditioning throughout.
The house is fitted with premium oak floors, bespoke cabinetry, security features which include indoor and outdoor surveillance cameras, video intercom entry, and a remote-control car gate leading to the double garage.
The home offers abundant opportunities for entertainment with its pool, gym, upstairs cinema, and Turning Japanese landscaping. 
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The ground-floor parents' retreat has a day spa-inspired ensuite featuring a bathing room surrounded by greenery. There' is also a large dressing room, and pool views from the oversized bedroom.
This house last sold for $4.5 million in 2015, reports <a href="https://www.realestate.com.au/property/32-martin-st-brighton-vic-3186?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline" target="_blank">Realestate.com.au</a>, and $1.8 million two years prior. 
There have been 25 other four-bedroom houses recently sold in Brighton, the most recent being a <a href="https://www.realestate.com.au/sold/property-house-vic-brighton-132860282?pid=pdp:sold:source:p4ep" target="_blank">Black Street property</a> which sold for $3,625,000 last month. 
According to the Statement of Information prepared on February 25, a similar five-bedroom, four-bedroom house on <a href="https://i2.au.reastatic.net/787de9a34c7bdbaec399f7c6d8fb8cbbd3ee931c74bccfc995e40df0f7899a3d/statement.pdf" target="_blank">Dudley Street, Brighton</a> sold through auction for $6.5 million last November. 
 
 
 
 
 
 
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Award-winning seaside home in Brighton for sale

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Te Moana, a luxury Broadbeach Waters mansion situated between the Nerang River and Albert Park, has been listed for sale. 
The <a href="https://www.realestate.com.au/property-house-qld-broadbeach+waters-131893742" target="_blank">Monaco Street property</a> has been listed through Luxure estate agent Sonja Smith for $12,950,000. 
The five-bedroom, six-bathroom house, features an array of open plan living and dining areas that flow out onto a multitude of outdoor entertaining terraces, high ceilings, manicured gardens, and a 15 metre pontoon which will cater for a large boat and several jet skis. 
The 3,300 sqm offers a range of entertainment opportunities outdoors including an BBQ, kitchen area, resort style swimming pool, water features, showers and fireplace. 
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Inside, the 1300 sqm of interior space showcases a classic timber sweeping staircase, a gourmet chefs kitchen with gas cooking, butlers pantry, wine cellar, rumpus room, and separate guest wing with a home office area. 
Taking on 43 metres of main river frontage, the home is fitted with timeless finishes and classic styling, ducted air-conditioning and alarm security throughout. 
The property was last sold in 2016, for $11,000,000,  $8.5 million in 2010 through, and rented for $5,000 per week prior that in 2008. 
The area recently sold 70 other similar five-bedroom houses, reports Realestate.com.au.
The most recent being a five-bedroom, four-bathroom house at<a href="https://www.realestate.com.au/property/255-monaco-st-broadbeach-waters-qld-4218" target="_blank"> Coral Gables Key</a> which sold for $1,665,000 last month. 
 
 
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Luxury Broadbeach Waters mansion for sale 

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Heartwood Farm, a 61.17 hectare property,  has just hit the market in Rose Valley on the South Coast.
The <a href="https://www.realestate.com.au/property/128-alne-bank-lane-rose-valley-nsw-2534" target="_blank">Lane Bank Lane homestead</a>, famous for its exotic finger limes which are on the menu at high end Sydney restaurants Catalina and Monopole, has been listed through Ray White estate agents Neil Campbell and Roida Harper whose price guide is above $6 million. 
The three-bedroom, two-bathroom property dates back to 1878, when it was predominantly used for dairy farming, said co-agent Ray White Gerringong sales agent Mr Campbell.
”There’s a lot of interest in Gerringong and of course sustainable farming and Heartwood Farm focuses on creating a sustainable environment, with a well advanced native timber forestry project and three orchards of native Australian finger limes,” he said.
Owners Kim and Fiona Manley said there were multiple revenue streams from local dairy agistment, holiday rentals, wedding/event opportunities, finger limes and the hardwood timber project, or simply a magnificent lifestyle property.
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“We live in the eastern suburbs but we ended up falling in love with the South Coast. So we bought Heartwood Farm over 10 years ago when our boys were young and they had a rich outdoor childhood here. Dirt bikes, beaches, swimming in dams and getting muddy! We would hit the road after Saturday sport and be here in an hour and a half," Ms Manley said.
“We feel very blessed to have created this life balance for our family and with the sustainable plantations that will be here for many generations to come. I think Heartwood Farm would suit a buyer who is looking for a beautiful lifestyle farm with an appreciation of natives and sustainability. You could also run cattle or horses here too. There really are so many options, but for us the time’s right to downsize, as our sons are older now and we want to travel more. For us, it’s time for another chapter.” Ms Manley said.
After they purchased the property the  Manleys partnered with Landcare Australia to plant over 4000 native seedlings, with the help of local school children in Kiama, to restore and regenerate the land  around Ooaree Creek which runs through the property and valley.
Ten years ago, the Manleys started their long term sustainable forestry project, planting thousands of native Australian hardwood species, including Red Cedar, Silky Oak and Quandong.
These highly valuable trees now standing over five metres tall are prized by those in construction, furniture industries for their quality beautiful hardwoods.
In 2013 they also planted  their first native Finger Lime orchard. The soil and climate were a perfect match for Finger Limes and they have since added two more orchards, always using biodynamic farming methods.
Ms Manley said the farm-  which has its own water resources – was spared by the recent fires.
“We were very lucky that’s for sure. Rose Valley is unique , as it’s nestled between the mountains and the sea and has i’s own lush microclimate. It has always been valued by the local dairy farms.”
Over and above the timber plantation, Finger Lime orchards and land regeneration ,  they have made further capital improvements to the house and property , with a house and deck extension, a tennis court,a rainwater irrigation system for the orchards, additional shed and barn, extensive drainage, rock walling and road works.
The Heartwood Finger Limes are sought after by chefs for their unique  flavour and texture.
"We have relationships with the chefs from Quay , Cirrus and many others who truly appreciate this unique native fruit and where and how they are grown.
When there is extra fruit we sell at our local farmers market in Kiama. Foodies love them with their unique texture and pop of flavour. Some are zingy lime and others like grapefruit.They are known as the caviar of the citrus world.”
The harvest normally runs from January to June, with an opportunity to export overseas frozen fruit.
The property was last sold in 2007 for $3.1 million, and $335,700 in 2003. 
 
 
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Lush South Coast farm bursting full with opportunity

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A family residence sitting on a 1,358sqm block in Fig Tree Pocket, Queensland has hit the market with over $2.65 million hopes.
The five bedroom, four bathroom house is situated at <a href="https://www.realestate.com.au/property-house-qld-fig+tree+pocket-132942282" target="_blank">23 River Park Place</a>. 
It comes with lounge/dining area, two living rooms, study, kitchen, entertaining terrace and landscaped garden with pool. 
Built by Tabrizi Home Builders, other features of the home include six metre high void, Ronan and Erwan pendant lights and manicured lawns. 
The house is located close to riverfront parks, boat ramp, buses and Fig Tree Pocket State School.
Alex Jordan and Frazer Watson of McGrath Estate Agents Paddington have the listing. 
 
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Fig Tree Pocket trophy home hits the market 

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

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Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

Staff reporter

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