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The land title of the $100 million Double Bay harbourfront mansion sold to tech billionaire Mike Cannon-Brookes and his wife Annie last September has now been mortgaged.
The mortgage was taken last month with Credit Suisse, the amount unknown.
Fairwater had previously been owned by the Fairfax family for more than 100 years.
There have been no renovation plans yet lodged for the estate.
The couple sold their Centennial Park home last year for $16.5 million to art patrons Dr Gene and Brian Sherman, who then sold their 1880s Woollahra residence to sleep medicine specialist Malcolm Ogborne.
This article first appeared in The Sunday Telegraph. 
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Atlassian's Mike Cannon-Brookes borrows money against Double Bay's Fairwater

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A house at Lake Wendouree, in Victoria's Ballarat has sold for $4.25 million to a local family.
It has been sold by Tony Douglass and Tim Valpied from Hockingstuart Ballarat. 
The residence at <a href="https://www.realestate.com.au/sold/property-house-vic-lake+wendouree-129575874" target="_blank">412 Wendouree Parade </a>is two storey, set on a 1,992 square metres lot. 
Built by Peter Jones, the price breaks the suburb’s previous record, set by the nearby 424 Wendouree Parade which fetched $3.73 million off-market deal in January last year.
The house sold in 2007 at a then record of $2.85 million.
The ground floor comes with formal and informal living spaces, kitchen with granite benchtops, home office, guest bedroom and cellar.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/lake%20wendouree%202.jpg" alt="">
The upstairs comprises main bedroom suite with terrace overlooking Lake Wendouree, five further bedrooms, two marble bathrooms and powder room.
The outside features alfresco entertaining area, heated pool, swimming jets, and spa.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/lake%20wendouree%203.jpg" alt="">
Other highlights include reverse cycle heating/cooling, Clipsal C-bus system, automated sprinkler systems and two double garages.
It's close to schools and only moments to the CBD.
The suburb's median house price sits at<a href="/developments/lake-wendouree-vic-3350"> $687,500</a>, according to CoreLogic. 
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Lake Wendouree adjacent Ballarat trophy home sold for record price

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GUEST OBSERVATION
This is an edited version of Steve Hatfield-Dodds’ opening address to the Bureau of Agricultural and Resource Economics <a href="http://www.agriculture.gov.au/abares/outlook" target="_blank">National Outlook Conference</a> to be delivered on 5 March 2019.
<hr>
The National Farmers Federation wants to lift the value of Australian agricultural production to <a href="https://www.talking2030.com/" target="_blank">$100 billion by 2030</a>.
While that might be possible – on the current trajectory it is forecast to reach $84 billion by 2030 – we should be mindful of the substantial, and sometimes painful, reforms that have been needed to achieve the growth we have in recent decades; and that <a href="http://www.agriculture.gov.au/abares/Documents/snapshot-australian-agriculture.pdf" target="_blank">price increases accounted for 90% of that past growth</a>.
Furthermore, the rate of productivity growth has been slowing. Key reasons include adverse shifts in climate and seasonal conditions, reduced investment in research relative to the value of production, and that fact that the easiest productivity gains have already been made.
This suggests nothing can be taken for granted.
Instead, we should recognise that achieving the best for agriculture, our rural communities and the national economy will require tough choices.
Making farming attractive to workers and investors
The sector is well aware of the need to attract workers with the right mix of skills, and is taking steps to do it. The <a href="http://www.agriculture.gov.au/about/reporting/budget/seasonal" target="_blank">2018 Budget</a> provided funds to improve our evidence base about labour force issues.
It is encouraging to see sector leaders <a href="https://www.farmonline.com.au/story/4412951/nff-urges-certification-scheme-to-watch-over-farm-labour-contractors/" target="_blank">acknowledging</a> the need to eliminate exploitation of workers, particularly seasonal workers and other vulnerable groups, but actions are always going to speak louder than words in ensuring a positive experience for farm workers.
Investment is crucial to lifting productivity and strengthening supply chains. Unfortunately agriculture faces some headwinds in attracting investment, including high seasonal variability relative to other nations and some persistent policy uncertainty.
This makes it crucial that Australia’s foreign investment rules are applied transparently and predictably, respecting <a href="https://archive.lowyinstitute.org/publications/lowy-institute-poll-2012-public-opinion-and-foreign-policy" target="_blank">community caution</a> that investment should deliver social and economic benefits, while maintaining Australia’s reputation as a <a href="https://cdn.tspace.gov.au/uploads/sites/79/2018/05/FIRB-16-17-Annual-Report.pdf" target="_blank">stable and attractive investment destination</a>.
Harnessing innovation
Australia is not immune to global shifts in research and development.
This includes <a href="http://www.agriculture.gov.au/abares/research-topics/productivity/related-research/rural-rde-investment" target="_blank">slower growth</a> in public R&amp;D, which in the past has provided the foundation for growth in private R&amp;D.
Our distinctive use of government and levy funded <a href="http://www.ruralrdc.com.au/about/" target="_blank">Research and Development Corporations</a> has served us well in the past, but needs some adjustment to ensure that the resources available deliver the best possible outcomes for agriculture and the nation as a whole.
Priorities should include reducing fragmentation and improving collaboration on “whole of sector” challenges, greater clarity and consistency around contributions and benefit sharing, and achieving faster adoption and commercialisation of successful research.
Promoting resilience
Australian farmers manage very significant variability, including variability in climate and prices. <a href="http://www.bom.gov.au/state-of-the-climate/" target="_blank">Climate variability is increasing</a> and extreme events, such as droughts and floods, are becoming more frequent and severe, impacting on output and incomes. Increased variability is also likely to contribute to more volatile global prices.
It is a good bet in these circumstances that future droughts and weather events will continue to trigger calls for government to do more to help famers. But policy makers should continue to be careful in how they respond, as poorly designed polices have the potential to slow farm adaption and structural adjustment, <a href="https://theconversation.com/helping-farmers-in-distress-doesnt-help-them-be-the-best-the-drought-relief-dilemma-105281" target="_blank">hurting productivity</a>.
Australia’s <a href="http://www.agriculture.gov.au/ag-farm-food/drought/drought-policy" target="_blank">national drought policy</a> rightly establishes a clear separation between promoting proper risk management by farm businesses and providing support to farm households and communities in need.
Eligibility criteria for the Farm Household Allowance are more generous than those that apply to income support available to other groups.
Programs such as the Farm Household Allowance, the Farm Management Deposit Scheme and tax concessions provide important relief for farm households and are consistent with Australian community values.
Overall, their current settings are unlikely to undermine resilience and drought preparedness or to have substantial adverse impact on agricultural productivity.
This is an achievement worth defending against well meaning – or occasionally self-interested – calls to blur the lines between household support and business assistance.
And we should always seek further improvements. Here the remaining policies that provide business assistance, such as concessional finance, need careful assessment.
Over time, the perceived need for such policies could be reduced by further development and uptake of market-based risk management tools, such as multi-peril crop insurance, and index-based insurance for cropping and livestock.
Persisting with water reforms
The Murray-Darling Basin Plan was inspired, in part, by the 2003 <a href="https://www.mdba.gov.au/sites/default/files/pubs/The-Living-Murray-story.pdf" target="_blank">Living Murray Initiative</a> and its vision of a “healthy working river” and in part by a reaction to the realities graphically exposed by the Millennium drought.
It was predicated on the conviction that healthy communities and regional economies required a healthy river, and that achieving it required substantial changes to water management.
<a href="https://ewater.org.au/archive/crcch/archive/pubs/pdfs/technical200205.pdf" target="_blank">These changes were twofold</a>: promoting water trading across the basin, which allows water to move to higher value uses and altering the balance between consumptive and environmental uses to achieve healthy river ecosystems.
This view that healthy industries require healthy catchments has not always been visible in recent debate and finger pointing, which is often framed in terms of trade-offs between “industry” or “development” versus the “environment”.
It is self evident that achieving the National Farmers Federation aspiration for agriculture will require sustainable management of scarce water resources.
Irrigated crops are one of the strongest growing agricultural sectors, with excellent future prospects. Realising the full potential of the irrigation sector will require clear and confident water policy settings which support the sector’s social licence, and avoid the uncertainty associated with acrimonious ongoing debate.
Respecting evolving consumer expectations
Staying ahead of the curve on consumer expectations sits at the heart of agriculture’s value proposition, reputation, and future growth – and can only be effectively led by industry.
Shifts in social expectations may well be both the greatest opportunity, and the greatest threat, facing Australian agriculture.
Rising real incomes allow consumers and citizens to care about issues they have previously ignored, and to express this care through their purchasing decisions and networks. These issues might be personal – such as health – or more general – such as concern for the environment or animal welfare.
Shifts in consumer sentiment can occur rapidly, and be difficult to predict. In 2016, for example, around 15% of milk consumers voted unexpectedly with their wallets by <a href="https://www.choice.com.au/food-and-drink/dairy/milk/articles/consumers-buying-more-branded-milk-to-support-farmers" target="_blank">shifting from cut price $1 milk to more expensive branded milk</a>, delivering an additional $100 million in sales revenue, in response to <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/rural/2017-01-27/understanding-the-dairy-crisis/8184510" target="_blank">concerns about the plight of dairy farmers</a>.
But capitalising on consumer concerns over the long term involves risks and hard work.
Back in 2003, Perth-based <a href="https://www.news.com.au/national/patagonian-toothfish-launched-on-australian-market/news-story/2b6215e724cc8a71c8cf3cffde50ee4c" target="_blank">Austral Fisheries caused some waves</a> when it set out to secure independent Marine Stewardship Council sustainability certification for Patagonian toothfish, as a first step in a sophisticated customer engagement strategy.
Their persistence paid off: today more than half the global catch is certified, its <a href="http://patagonian-toothfish-story.msc.org/" target="_blank">premium market position</a> has been restored and prices increased by around 300%.
Some shifts will involve more threats than opportunities, at least in the absence of stronger engagement by industry. Producers are particularly exposed on environmental and animal welfare issues, where real or perceived poor behaviour by a few players can tarnish the reputation or market access of an entire sector.
Assessing these risks and opportunities requires industry to understand how consumers think and feel, even when this is confronting.
As an example, debates about land clearing can be polarising, generating more heat than light. To be hard nosed about this, however, it is in industry’s interest to consider how the economic rewards of land clearing for some graziers stack-up against the potential risks to the reputation, social licence and market position of the industry nationally, and the various ways these risks could be managed.
Focusing on the main game
Australian agriculture has many advantages, and a track record of good performance, underpinned by tough choices.
If we continue in this tradition Australian agriculture will prosper, enhancing the well-being of producers, consumers, regions, and the nation.<img src="https://counter.theconversation.com/content/112857/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Steve Hatfield-Dodds, Executive Director, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/droughts-extreme-weather-and-empowered-consumers-mean-tough-choices-for-farmers-112857" target="_blank">original article</a>.
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 Droughts, extreme weather and empowered consumers mean tough choices for farmers

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Crown Resort’s plan to build a new $2 billion hotel and luxury apartment tower in Melbourne are in limbo after the Victorian government turned down its request to extend construction permission.
Crown, backed by billionaire James Packer, this morning said it had been denied an extension to the construction start time of the planned One Queensbridge hotel and apartment complex opposite the Crown Towers hotel on Southbank.
The state government approved the 90-storey tower two years ago under the condition construction started by this month.
Crown and joint-venture partner Schiavello Group applied for a planning extension two weeks ago while they continued to seek financing.
“Crown and Schiavello have been informally notified by the Victorian government that an extension to the construction commencement date for the proposed One Queensbridge project has been denied,” Crown said in a statement to the ASX.
“No formal notice has been received from the Victorian Government but it is expected shortly. As previously announced, the project was subject to obtaining financing arrangements that were satisfactory to Crown and Schiavello. Unfortunately these arrangements could not be achieved before the construction commencement date under the planning approval.
“Crown retains a 50% ownership interest in the land and will consider the next steps for the property in conjunction with Schiavello.”
Plans for One Queensbridge include a 388-room hotel and 708 residential apartments and a walking bridge linking it to the casino across the street.
The developers had previously said that the project was “subject to obtaining financing arrangements”.
“Unfortunately these arrangements could not be achieved before the construction commencement date under the planning approval,” Crown said.
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Crown Resort's $2 billion tower One Queensbridge in planning limbo

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A 791 acre dairy cow farm in Labertouche, Victoria recently sold for $6.65 million.
It was offered by John Rowe and Evan Broadbent from Harcourts Warragul. 
The farm situated at<a href="https://www.realestate.com.au/sold/property-diary-vic-labertouche-7988614" target="_blank"> 385 Labertouche North Road</a> consists of six titles, with four houses, laneways, fencing, and a state of the art operating dairy cow unit.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/LABERTOUCHE%202.jpg" alt="">
The dairy cow unit produces an average of 1,175 kilograms milk solids per hectare and on target for 1,250 kilograms of milk solids per hectare this season
Other features of the farm include potable ground water supply, farm dams, and high fertile soils.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/5/LABERTOUCHE%203.jpg" alt="">
Located approximately one hour from Melbourne, the property is within close proximity to the Princes Highway and V-Line Railway.
It was sold at $2,165,000 in 1997. 
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Labertouche dairy cow farm sale at $6,650,000

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SPONSORED POST
A beautiful masterplanned estate in the heart of the booming Logan growth corridor is the first to tap into Choice Homes' new partnership with SunYield Solar.
The picturesque <a href="https://www.choicehomes.com.au/estate/the-highlands" target="_blank">The Highlands estate</a> is inspired by nature and designed to bring the outdoors in.
Close to shopping, public transport and the central business districts of Beenleigh, Logan and Springwood, Highlands balances nature with convenience.
Logan's year-round sunshine makes it the perfect location to launch Choice Homes' partnership with SunYield, which provides every new house a solar energy package.
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With easy access to the M1, the estate is ideally positioned with the Gold Coast just 35 minutes south and Brisbane CBD 30 minutes to the north.
Residents can enjoy a tranquil lifestyle while remaining close to all the urban facilities they could need.
Just minutes from Eden’s Landing State School, Canterbury College and more than 21 public and private schools and numerous childcare centres in the Logan region, The Highlands provides families with every convenience.
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The picturesque Highlands estate is inspired by nature and designed to bring the outdoors in.
Close to shopping, public transport and the central business districts of Beenleigh, Logan and Springwood, Highlands balances nature with convenience.
<ul>
<li>Easy access to M1, with the Gold Coast just 35 minutes south and Brisbane CBD 30 minutes to the north</li>
<li>Residents can enjoy a tranquil lifestyle</li>
<li>Minutes from Edens Landing State School, Canterbury College and more than 21 public and private schools and numerous childcare centres </li>
</ul>
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Landlords and tenants are set to both benefit financially with Sunyield, Stoddart Group's new solar technology.
A new batch of homes in Queensland will see the solar panels save as much as $275 a year on electricity.
The SunYield package includes a 6.5 KW solar power system, combined with a Stoddart Smart Board that replaces the standard meter box on a new home.  
SunYield is also battery ready, allowing landlords to add batteries as they become cheaper and increase the proportion of solar-generated power sold to the tenant.
Choices Homes director Troy Knight said the innovative technology is good for his customers, their tenants and the environment.
“We're always looking for ways to offer our customers a better investment, which made the decision to put SunYield on every home a simple one," he said.
“For our customers, it means an increased rental return and a home that's easier to rent.
"For our company, it means being one of the first to offer an innovative product that is good for our customers, their tenants and the environment.  
The Australian-first technology was designed locally and is being launched in Queensland with leading investment builders Choice Homes, Creation Homes, Brighton Homes and MetInvest, with each including SunYield as standard on their new homes. 
Stoddart Group's general manager for energy systems Adam Taylor says solar energy usage was once a difficult conversation with landlord and tenant before the new technology.
“It was too difficult to manage," he said.
“With SunYield, if the tenant chooses to use the solar panels, all solar and grid power is measured automatically via a smart switchboard and the tenant receives a single monthly power bill for all electricity consumed from both the solar and the grid.
“Renters have long missed out on the benefits of solar power simply because it was too hard or complicated for landlords to justify the cost.
“SunYield changes this by ensuring that solar on a new rental property is a good deal for the landlord, as well as the tenant.  
The process is completely automated, with the landlord then receiving a payment for all solar generated, whether it was used by the tenant or sent to the grid.
“With this technology, the landlord owns the solar system and can either sell the power to their tenant at a discount to the market rate or export it to the grid if the tenant chooses not to buy it.”
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
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Choice Homes partner with SunYield Solar for Logan's new Highlands Estate

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Sid Morgan, the Hills district estate agent shot in the face in Melbourne, remains on life support.
The update was advised by prosecutors during a court appearance yesterday by two Irishmen charged with his attempted murder.
Prosecutors said Mr Morgan is on life support but defence lawyers claim the description of his condition could be an “exaggeration’’.
Prosecutors in Melbourne Magistrates Court said Sid Morgan remains in an induced coma.
Mark Dixon, 30, and Jack Harvey, 26, were arrested in NSW near Byron Bay last Wednesday over the Point Cook shooting on February 21.
Dixon and Harvey were extradited to Victoria.
Both have been charged with attempting to murder Mr Morgan, 53, in the middle of a street after an argument in the western Melbourne suburb.
 
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Estate agent Sid Morgan still on life support after Point Cook shooting

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SPONSORED POST
We all seek that special lifestyle; a place that feels right at home, easy and comfortable.
Add a mix of family-orientated community and a diverse range of contemporary designer homes and you’ve found the perfect place that’s yours to enjoy – <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">Pimpama Village</a>.
Positioned for growth in the heart of one of Australia’s fastest-growing corridors and supported by a number of current upcoming infrastructure upgrades, services and opportunities, Pimpama Village balances lifestyle with investment smarts.
The estate is a 53ha masterplanned development built on the old Coulters Farm and surrounded by parklands, just south of Hotham Creek.
Designed with an amiable neighbourhood in mind, Pimpama Village allows residents to flourish within a friendly lifestyle-focused community.
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Located on the eastern side of the highway, Pimpama Estate provides easy access to Ormeau train station and the M1 Motorway, putting the Gold Coast and Brisbane on your doorstep.
Pimpama City Shopping Centre, located just minutes from Pimpama Village, opened its doors in late 2018.
The development boasts a Coles, Aldi, Best and Less, Zarraffa’s drive thru, Subway, 24-hour service station and 26 specialty stores.
Pimpama Village is also close to the stunning Gainsborough Greens Golf Course, surrounded by 230ha of natural bushland beauty, and the P-12 private school Kings Christian College, which opened a new campus in 2015. 
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
 
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Pimpama Village masterplanned development in Pimpama growth corridor

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Camelot in Coomera is the latest residential community in the heart of the booming Northern Gold Coast growth corridor suburb of Coomera.
Location-wise, <a href="https://www.choicehomes.com.au/estate/camelot" target="_blank">Camelot</a> offers everything for growing families. The area is home to numerous primary and secondary schools, the Coomera Marine Precinct and a modern TAFE campus.
Stage 1 of the billion dollar Coomera Town Centre – designed over 60ha with a focus on business, livability and community – has now opened.
The centre features 140 specialty shops, including Woolworths, Coles, Target, Kmart and a cinema; it will transform Coomera into a benchmark dining, lifestyle and entertainment destination.
The flagship of the town centre is a new Westfield shopping centre, anchored by a Myer department store.
The centre also includes government and commercial offices, medical facilities, alfresco dining precinct, and world-class retail, all close to the existing Coomera Railway Station.
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Coomera train station is the multimillion- dollar transport hub of the Northern Gold Coast, providing train station and rapid commuter services to Brisbane and Robina.
Stage 2 of the Gold Coast Light Rail is now complete, linking the Northern Gold Coast via light rail to the centres of Surfers Paradise, Broadbeach and Griffith University.
Its progress is set to unlock around $1 billion of development along the route.
The hub and interchange is also serviced by Gold Coast buses and links with the Gold Coast’s three major theme parks.
Camelot in Coomera also puts on your doorstep the natural wonders of South Stradbroke Island, the Coomera River, and the Gold Coast’s Broadwater and its sundrenched beaches. Each is a must to experience first-hand, where you can share and enjoy a special piece of paradise.
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
 
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Booming Coomera to be home to residential community Camelot 

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SPONSORED POST
Discover Choice Homes' latest display home by the beach in Mackay at Royal Sands.
Living in a beachside community comes complementary with the Australian dream.
Royal Sands is <a href="https://www.choicehomes.com.au/estate/royal-sands-1" target="_blank">Mackay’s favourite land estate</a>, offering you a once-in-a-lifetime opportunity to have the seachange you’ve always dreamed about.
The Royal Sands estate is a masterplanned seaside neighbourhood that integrates beautifully into the natural surrounds.
This well-planned estate will allow you to enjoy less time in your car and increase your time living life.
Royal Sands is only five minutes walk to the golden sandy beaches of Mackay’s Northshore, Bucasia Beach and Seaside Parklands, all well-known holiday destinations and well withing walking distance.
It’s easy to see why Royal Sands is a great lifestyle location, providing residents with the best of both worlds.
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Living in a tropical haven with natural parklands on one side and beaches on the other... you’ll feel like you’re a world away but with an abundance of amenities close by. Only minutes from the Mackay Precinct. You’ll never be left wanting.
Major shopping centres, doctors, primary and secondary schools, both private and public, are all just a few minutes drive, which is made all the more pleasant with new roads and infrastructure, implemented in Mackay’s Northern Beaches.
Resurgence in the resources sector is also propelling Mackay forward, adding to the long list of benefits that make Royal Sands the ideal place to buy.
Elegance surrounds the Royal Sands estate, with a vast array of residential allotments, abundant parklands with play equipment and tree-lined streets
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Mackay is a picturesque regional city set on the Pacific Ocean amidst lush sugar cane farms and straddling the turquoise blue Pioneer River.
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Australians are searching for a sea change to escape the hustle and bustle of city life and there are few better places than Mackay to make a new start.
It's these great qualities that made Mackay the inaugural Wotif Town of the year. Locals know that it's a hidden gem, but it won't be hidden for long.
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
 
 
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Royal Sands is Mackay’s favourite seaside neighbourhood

Developer <a href="https://www.apartments.com.au/developers/bottega-property-group">Bottega House</a> has secured council approval for its first Brisbane project - a $270 million luxury residential development on an absolute riverfront site in leafy St Lucia.&nbsp;

The 15-storey project, known as <a href="https://www.apartments.com.au/new-apartments/st-lucia-by-bottega-house-180-macquarie-street-st-lucia-qld-4067">St Lucia by Bottega House</a> , will occupy a prime north-facing site at 178-180 Macquarie Street, directly fronting the Brisbane River in the established inner-west suburb known for its rowing clubs, golf courses and sprawling University of Queensland campus.&nbsp;

St Lucia by Bottega House will feature a suite of amenities including dedicated wellness spaces, a mineral pool and cold plunge. The project has been positioned to attract affluent owner-occupiers seeking high-quality, house-sized apartments.&nbsp;

Bottega House has been set up by co-directors Nick Malloch, Louis Mennes and Craig Marsh.

Malloch said the project drew inspiration from its Brisbane River setting and leafy inner-west surrounds, while responding to the demands of discerning locals looking to transition from freestanding homes into apartment living.&nbsp;

"With an expansive river frontage and lush green surrounds, we knew we had to create something special that reflects the natural beauty of the location while offering residents masterfully crafted homes," said Malloch.&nbsp;

"Our intent was to complement the project's quiet, private setting by introducing residences that offer a calm retreat and sanctuary from the everyday. The result is a harmonious blend of architecture, interiors and amenity that emphasises wellbeing, comfort and beauty without excess."&nbsp;

Malloch added that project consultants had been carefully selected in alignment with Bottega House's commitment to care, quality and attention to detail. The design team includes architects <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, interiors practice <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and landscaping by <a href="https://www.apartments.com.au/architects/urbis">Urbis</a>.&nbsp;

Three-bedroom apartments are expected to start around $5 millio. Selling agents Keenan &amp; Byrne said the pricing strategy for the project was anticipated to achieve upwards of $25,500 per square metre.&nbsp;

The project's development approval this week follows the success of Bottega House's inaugural Queensland project - a 22-storey collection of full-floor sky homes at Broadbeach on the Gold Coast which included the sale of a two-storey penthouse at a record price for a beachside residence.&nbsp;

St Lucia by Bottega House is expected to launch to market in November, with construction anticipated to be completed mid 2029.

[smartcode_project_cta:default project_id=151826]

Joel Robinson

Bottega House to make Brisbane debut with St Lucia riverfront apartment development

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> is advancing its affordable apartment model into Brisbane with the acquisition of another site at Cordelia Street in South Brisbane for $27 million.

Sherpa, which has a $1.7 billion pipeline across Southeast Queensland, intends to bring a cohort of apartments exclusively for first homebuyers into its proposed 186-apartment project to be built at 2 Cordelia Street.

The Sherpa model has already been incredibly well received from their Gold Coast projects, where Sherpa Group set aside a number of apartments exclusively for first homebuyers.

The new $320 million project marks Sherpa Group's second development in Brisbane, following its $255 million Symphony project, also on Cordelia Street, which is currently under construction.

Symphony will deliver 146 apartments across 28 levels, offering a mix of one, two and three-bedroom apartments. With 114 already sold, construction by <a href="https://www.apartments.com.au/builders/lps-group">LPS Group</a> is scheduled for completion in 2028.

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Sherpa Founder, Christie Leet, said the company was excited to be venturing into Brisbane for its second residential project.

“We’re big believers in the future of Brisbane as we lead into the 2032 Olympics and beyond,” Leet said.

“The success of Symphony has guided us into what will be our second project and we look forward to submitting our plans with council soon so we can deliver yet another quality project to the inner city residential market.

“Our Flourish model has been very well received both in Brisbane and the Gold Coast, and we’re excited to be able to offer some of these apartments again exclusively to first homebuyers to help get them into the property market.

“The model has been extraordinarily well received in our previous projects and it is something we are committed to moving forward.”

2 Cordelia Street will be designed by <a href="https://www.apartments.com.au/architects/hal-architects">HAL Architects</a> &amp; Finegrain and will include Sherpa’s signature residential amenities including pool, gym, recreation, wellness and work from home spaces.

The project will feature ground-floor commercial space, creating a vibrant amenity for residents and the surrounding community.

A development application will be lodged with Brisbane City Council in August on the code compliant site and will be launched to the market early 2027.

Sherpa acquires new site for second Brisbane apartment tower

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

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It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Staff reporter

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