<html><body>
The number one spot for low median unit values is Newman in the East Pilbara council region, according to the CoreLogic end of year report.
Around 24 units were sold in the region at a median price of $96,274 during the past year.
South Hedland ($99,878) and Port Hedland ($127,892) were placed second and third in terms of lowest median unit values across Australia.
These regions sold 65 and 55 units respectively.
<img src="https://www.urban.com.au/images/2018/12/20/WA%20Low%20Value.JPG" alt="">
An example of the price point being present in WA was 6/15 Mindarra Drive, Newman (pictured above).
The one bedroom one bathroom unit was sold in November this year for $109,000.
Last sold for 575,000 in 2013 this shows a $456,000 decrease in price over the past 5 years.
Located close to the Newman CBD, School and Shire Pool the property is also near Newman hospital.
The unit was most recently listed for rent in 2017 at $225 per week down $450 from $750 per week in 2014.
<img src="https://www.urban.com.au/images/2018/12/20/Newman%202.JPG" alt="">
Another example of this price point is a block of 12 units 11 of which have sold this year at 6 Arika Place, Newman.
They sold for prices ranging from $65,000 to $122,500.
11/6 Arika Place (pictured above) was listed as a rental on December 18 for $230 per week.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Investors need to head to WA's mining towns for lowest median unit values

<html><body>
The lowest median house values in Australia this year were in Zeehan on the West Coast of Tasmania, according to CoreLogic's end of year report.
The town's median came in at $71,184.
Three of the top four localities with the lowest median house values were in the West Coast council region of Tasmania with third lowest being Queenstown ($74,961) and fourth lowest being Rosebery ($75,858).
They had higher values than in Peterborough, SA which had the second lowest median at $71,880.
Zeehan also had the ninth highest Gross rental yield nationally at 12.5%.
<img src="https://www.urban.com.au/images/2018/12/20/TAS%20Low%20value.JPG" alt="">
An example of the median house value in this region of Tasmania being at this level is 3 Emma Street, Zeehan (pictured above).
This two bedroom, one bathroom house sold for $67,000 earlier this year.
The property features four parking spots.
</body></html>

Zeehan, Tasmania had the nation's lowest 2018 median house values

<html><body>
A beachside Yamba home in coastal northern New South Wales is on the market for the first time in almost 40 years.
The four bedroom, three bathroom residence located at 1 Church Street is a family-sized beach house.
Atherstone is described by Ray White Yamba agent Daniel Kelly as a classic Queenslander style residence.
<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/2018/12/20/Yamba%202.jpg" alt="">
Mr Kelly said, relevant sales in the area suggest the value of the property "should sit somewhere above $1 million.”
Yamba is roughly 3 hours to the Brisbane CBD, 2 hours to the Gold Coast, and 8 hours from Sydney or a 1 hour flight.
Aetherstone is situated within a short walk of beaches, cafes, restaurants and the famous Pacific Hotel.
<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/2018/12/20/Yamba%203.jpg" alt="">
Mr Kelly said "the owners have given very clear instructions to sell now."
The home goes to auction January 27.
</body></html>

Beachside Yamba home listed after almost four decades

<html><body>
Phillips Pantzer Donnelley (PPD) has claimed a sales record as the biggest selling single agency.
The company has sold 499 properties during 2018 translating to a total $1.11 billion worth of real estate, with a few days to go.
"This is the most real estate traded by any single agency in Australia," the agency has advised.
The agency opened in December 2013. It has its main office at Woollahra with its property management office also in Woollahra.
 PPD have built on its sales transactions success year on year with 2017 having been a record year with the sale of 434 properties with a value of $1.072 billion.
In 2016 it exchanged on 434 properties with a value of $936 million.
During their inaugural year their company sold more than 360 homes for a total of about $600 million in real estate.
It concentrates on Sydney's eastern suburbs, lead by Alexander Phillips, Jason Pantzer and Debbie Donnelley.
Alexander Phillips' highest recorded sale price this year was $12.5 million for 2 Mirimar Avenue, Tamarama, a 5-bedroom house.
Debbie's most recent highest sale price was $4.2 million for 140 Windsor Street, Paddington, a 3-bedroom house which sold in March.
The give back to the local community providing local on-going sponsorships at Easts FC, Bronte Surf Lifesaving Club, Bronte Netball, Sydney Children’s Hospital and Dunbar Rovers.
It was in 2010 when McGrath Eastern Suburbs sold $1.12 billion from 938 sales out of the head office, which chief executive John McGrath said was an Australian record for any individual residential sales office. It sat among its growing company and franchise offices.
 
</body></html>

Phillips Pantzer Donnelley (PPD) claim $1.11 billion sales record as single agency

<html><body>
The announcement of the removal of the 30 percent cap for new interest-only residential mortgages will allow lenders to offer more choice for customers, leading to an increase in competition across the industry, particularly for smaller and regional banks, the Australian Banking Association chief, Anna Bligh said.
“While banks will continue to lend prudently, today’s decision will mean all banks can offer more choice for customers who are looking to buy a house or apartment. 
Average rates according to borrower 
<table class="x_MsoTableGrid" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="301">
Owner occupier, principal and interest
</td>
<td valign="top" width="58">
4.27%
</td>
</tr>
<tr>
<td valign="top" width="301">
Owner occupier, interest-only
</td>
<td valign="top" width="58">
4.68%
</td>
</tr>
<tr>
<td valign="top" width="301">
Investor, principal and interest
</td>
<td valign="top" width="58">
4.60%
</td>
</tr>
<tr>
<td valign="top" width="301">
Investor, interest-only
</td>
<td valign="top" width="58">
4.84%
</td>
</tr>
</tbody></table>
Source: RateCity.com.au
“Increased competition across the industry will mean customers have more ability to shop around for the best deal for them when looking at an interest-only home loan,” she said. 
In terms of banks home loan commitments, the proportion of interest-only loans are now 16 percent much lower than the proportion seen two years ago at 37 percent.
Sally Tindall, research director at RateCity.com.au, noted APRA’s intervention has had a marked effect on new borrowing.
“This announcement will see banks re-open their books to more interest-only lenders, particularly investors."
But Tindall was unsure whether there would be a drop in interest-only rates to attract more borrowers.
“Banks have grown accustomed to charging borrowers more for interest-only loans," she said.
The final ACCC report into residential mortgage pricing released last week found that the big four banks collected an extra $1.1 billion over the last financial year as a result of hiking interest-only rates as since March 2017 there has been a 37 basis point average increase in interest rates on investor, interest only loans.
On average the rates are now 32 basis points above investor, principal and interest loans, and 76 basis points above owner occupied, principal and interest rates.
“We have also seen an increase in interest rates for owner occupier interest only loans that are up 33 basis points since their lows in March last year," Mozo’s property expert Steve Jovcevski said.
“While we welcome the push to improve lending standards, it’s clear the cap on interest only loans has put the brakes on the investor market.
“Coupled with the cooling of the housing markets across the country which have pulled back significantly since their peaks, it’s clear the temporary cap has done its job,” Jovcevski said.
</body></html>

APRA's IO loan cap abolition will allow greater choice for over charged borrowers

<html><body>
The REA Group’s chief financial officer Owen Wilson has been promoted to CEO of REA Group, replacing Tracey Fellows.
Fellows will <a href="/news/tracey-fellows-steps-down-as-boss-of-rea-group">step down from her role in January</a> to become president of global digital real estate at News Corp in New York.
The new CEO joined REA Group in 2014.
Wilson’s previous roles include positions at MacLeod Group, where he was CFO and company secretary, as well as chief operating officer at ANZ’s Institutional and Investment Bank.
Hamish McLennan, chairman of the REA Group board, said Wilson had played a critical role in the group’s growth.
“He has a deep understanding of the company, our long-term strategy and the importance of our customers in driving business success,” McLennan said.
"The board has a long-term commitment to succession planning, and I am pleased that this internal appointment reflects the strength of our REA Group talent,” he said.
He commences his new role on January 7 with plans to expand the real estate listings company’s Asia operations as part of his growth strategy.
</body></html>

Owen Wilson promoted to replace Tracey Fellows at REA Group

<html><body><div class="page" title="Page 1">
<div class="section">
<div class="layoutArea">
<div class="column">
The much anticipated purchase of Top Level Real Estate Pty Ltd by the Perth-based publicly listed The Agency Group Australia has been delayed yet again.
The Agency advised the December 17 settlement would be "slightly delayed."
It claimed it was "due to the time of year and public holidays."
The parties apparently remain committed to completing the transaction, and "are hopeful of doing so prior to year’s end."
It told shareholders that final consents to satisfy all conditions precedent to the acquisition are yet to be finalised.
The company undertook to keep the market updated on the move that would consolidate its east coast status.
Click here <a href="https://www.propertyobserver.com.au/images/2018/12/19/Top-Level.jpg" target="_blank">to enlarge</a>.
<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/2018/12/19/Top-Level.jpg" alt="">
The Agency Group has advised its desired East Coast operations undertaken by Top Level have delivered its best month to date for FY2019.
For November 2018, The Agency (East Coast) reported Gross Commission Income (GCI) of A$2.4 million for the month.
The sales included Bellevue Hill’s Rona estate which sold for $58 million in conjunction with L&amp;S in an Australian record for a non-waterfront property.
<div class="layoutArea">The Agency (WA) and Sell Lease Property now have over 4% market share in WA, compared to the market leader which has 9% market share.</div>
<div class="layoutArea"> </div>
<div class="layoutArea">The Agency also experienced strong results in November 2018 reporting GCI of $1.2 million and 126 properties sold across the combined group (The Agency and Sell Lease Property) in WA.</div>
<div class="layoutArea">
The Agency (WA) reported 65 sales worth $33.2 million with GCI of $655,595.30 while SLP reported 61 sales worth $28.8 million with GCI of $556,000 for November 2018.
It was December two years ago when McGrath Limited has lost its head of sales, Matt Lahood.
Lahood had been with the McGrath business since 1997. He was director of sales for 12 years.
It was September when The Agency reportedly secured the funds to secure Top Level Real Estate, run by the east coast McGrath rebel agents.
It is via a complicated $8.4 million share placement, along with $5 million of Top Level debt to be converted into shares at $0.01 per share.
The extensive documentation advised total debts of Top Level currently sit at $26,993,812, and immediately following the deal will be $18,760,100.
It's less than the simple outright $10 million capital raising being sought to fund the purchase, which they <a href="/news/the-agency-secures-two-month-extension-to-find-funds-for-the-mcgrath-rebels-acquisition">continually delayed</a>.
</div>
</div>
</div>
</div>
</div></body></html>

The Agency's acquisition of McGrath rebels delayed yet again

<html><body>
Sunland has abandoned its controversial 555-apartment scheme for the former ABC site in Toowong.
The Sunland proposal was dubbed the “champagne flute” skyscrapers.
Locals contested the Zaha Hadid-designed Grace on Coronation, which came with three towers.
The future of Sunland’s Grace on Coronation development was thrown into uncertainty earlier this year after a sole neighbouring resident won an appeal against the approval of the development.
A unanimous Court of Appeal judgment overturned an earlier Planning and Environment Court decision which approved the development where its towers were planned to significantly exceeding the height limitations outlined in the planning scheme.
Sunland's Soheil Abedian had hoped that people would “come to their senses”.
Abedian had indicated the Court of Appeal’s judgment meant Brisbane had “missed the opportunity” for a city-making development project.
“When we lodged our development application in 2014, our vision was to introduce world-class architecture and community parklands to the inner-city riverfront site, which has been closed to the public for more than 160 years,” Abedian told The Urban Developer.
Topping out at 27-storeys, the development exceeded the city plan by 12-storeys.
The development scheme has been removed from the public listed Sunland website.
</body></html>

Sunland scrap its Toowong champagne flute skyscrapers plan

<html><body><div class="page" title="Page 40">
<div class="section">
<div class="layoutArea">
<div class="column">
The proportion of loss-making property sales in Geelong hit a 16-year low during 2018 as the regional Victorian market continued its strong sales. 
<div class="story-content">
Loss-making sales dropped to 0.8 per cent of all property resales in the September quarter, according to the latest CoreLogic quarterly Pain &amp; Gain report.
It was the best result since 2002, when .5 per cent of homes sold at a loss.
CoreLogic senior research analyst Cameron Kusher said the low figure highlighted the strength of the market.
“It certainly has slowed a little bit since then but it highlights the strong run-up in dwelling values that Geelong has seen in the past five years,” he told The Geelong Advertiser.
“Most people that are selling now are well ahead. Nationally, only Hobart saw a lower share of resales at a loss than Geelong.”
The Geelong region has seen some of the largest annual increases in median values for both houses and units across Australia, according to CoreLogic.
</div>
The region, south west of Melbourne, saw its median house value grow 16.6 percent ($82,460) and its units rise 11.9 percent ($42,624), in the 12 months to August 2018.
Despite Geelong's sale activity down nine percent annually, houses are selling 12 days faster than they were in August 2017.
CoreLogic's recent Quarterly Regional Market Update, which looks at the biggest regions outside of capital cities, found the best regional house value performer in New South Wales was the Newcastle and Lake Macquarie region where house values grew by nine percent, while the median unit value increased by over five percent.
The best unit market performer was the Richmond-Tweed region, with values soaring over nine percent. 
Geelong’s strong capital growth in recent years put the local market at risk of losing its affordability advantage to suburbs in Melbourne’s outskirts, Cameron Kusher acknowledged.
Prices are now $160,000 dearer than Ballarat, where the median price is $360,000, and $180,000 more than Bendigo ($337,000).
“It’s not going to slowdown to the magnitude that Melbourne has, but certainly in the next year you are going to see a slowdown in growth in Geelong,” Kusher said.
When Melbourne’s property market started to soften over the first half of 2018, Geelong remained one of the best performing property markets in the country, according to the October Herron Todd White residential report.
The HTW report suggests that established inner-city residential locations such as Geelong West, Drumcondra, East Geelong and Newtown, have seen some significant results with an increase in demand for both dwellings that required a complete rebuild and those that have already undergone high-end luxury transformations.
<div class="page" title="Page 41">
<div class="section">
<div class="layoutArea">
<div class="column">
These areas are often restricted by heritage overlays and neighbourhood residential zoning which may reduce higher density development in order to preserve the neighbourhood streetscape.
"Vendors willing to undertake a renovation are often rewarded at the time of sale with strong buyer demand for properties equipped with all the modern luxuries and the elegance of a period home," the report noted.
The house at <a href="https://www.realestate.com.au/sold/property-house-vic-geelong+west-127807502" target="_blank">25 Elizabeth Street, Geelong West</a> (pictured below) is an example of a high-end renovation. The property was purchased in 2017 for $580,000 and recently resold for $1.3 million after an extensive renovation that transformed the interior whilst retaining the elegant Victorian facade.
Before: 
<img src="https://www.urban.com.au/images/2018/10/25/geelong%20west%20before%201.jpeg" alt="">
<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/2018/10/25/geelong%20west%20before%202.jpg" alt="">
After:
<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/2018/10/25/geelong%20west%20after.jpg" alt="">
<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/2018/10/25/geelong%20west%20after%202.jpg" alt="">
The outer south-western suburbs such as Werribee, Point Cook, Tarneit, Truganina and Wyndham Vale have not seen as significant a trend to renovations as we have seen in other suburbs. HTW noted this may be due to the abundance of developing greenfield estates that surround the area where building an affordable new home may be a more attractive option than renovation.
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Geelong leads regional property markets in houses and units: CoreLogic

<html><body>
Australians are unconvinced by the flagship Labor reform on negative gearing, with 44 percent are against the policy change.
A poll found 43 percent in favour of restricting the tax deductions on investment properties.
The remaining 13 percent did not know.
It comes as Opposition Leader Bill Shorten mounted a spirited defence of his tax plans at the ALP national conference.
The Ipsos poll conducted for Nine Entertainment also found that voters were against the mooted change on capital gains tax on investments, with 48 per cent against and 43 per cent in favour.
Labor voters overwhelmingly back the changes.
Labor wants to halve the capital gains tax discount and restrict negative gearing to newly built homes, while “grandfathering” existing negative gearing arrangements.
It has claimed the policy would raise $32 billion over 10 years, making it Labor’s second-biggest policy after its proposal to raise $56 billion over a decade by restricting tax refunds on dividend imputation.
The Opposition leader noted on Sunday that the tax reforms were not “universally loved.” 
“I would rather see more young couples buy their first home, than spend billions subsidising investors acquiring multiple properties,” he told the Labor national conference.
Those who oppose Mr Shorten’s changes to negative gearing include 30 per cent of Labor voters, 26 per cent of Greens voters, 70 per cent of One Nation voters and 61 per cent of Coalition voters.
The policy is backed by 60 per cent of Labor voters.
The poll comes as housing policy emerges as an election issue.
<div class="_1665V undefined">
The biggest Labor policy at the national conference was a plan for $6.6 billion in affordable housing over 10 years by giving a subsidy to developers to build new homes and charge rents that are 20 per cent below market rates.
</div>
<div class="_1lC_G">The plan only includes $102 million over its first four years.</div>
<div class="_1665V undefined">
<p data-gtm-vis-recent-on-screen-6236702_632="1544961372749" data-gtm-vis-first-on-screen-6236702_632="1544961372749" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">The Labor policy revives the National Housing Affordability Scheme introduced by the Rudd government in 2008, which also gave a subsidy to developers but did not fund the full cost of construction.
<p data-gtm-vis-recent-on-screen-6236702_632="1544961372749" data-gtm-vis-first-on-screen-6236702_632="1544961372749" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">The government is committed to spend almost $30 billion on housing over the next five years.
</div>
</body></html>

Labor's negative gearing policy splits the nation

Apartment buildings are increasingly being designed around how people actually live day to day, not just how they want a building to look.

For buyers, that shift is showing up in practical inclusions that respond to changing habits. Work-from-home spaces, EV charging, wellness amenities, secure bike storage and parcel management are becoming part of the broader apartment conversation, reflecting a move toward buildings that reduce friction in everyday life.

Online shopping has become one of the clearest examples of that change.

Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online. That has made parcel delivery a regular part of apartment living, rather than an occasional inconvenience.

For apartment residents, however, the delivery process can be less straightforward than it is for detached homes. Parcels may be left in lobbies, redirected to Post Offices, missed entirely, or placed under the responsibility of building managers and concierge teams.

That is why secure parcel infrastructure is increasingly being considered alongside more familiar apartment amenities.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/-VjjLwoViX0?si=A3k7ws9NX35Uac7_" title="YouTube video player" width="560"></iframe>

Australia Post Parcel Lockers offer one way to address the issue. When a parcel arrives, residents receive a notification through the AusPost app or SMS, then collect it using a QR code or one-time PIN. The parcel is kept secure, accessible and removed from common areas.

The broader Parcel Locker network now includes more than 1,500 locations across Australia, positioned at Post Offices, shopping centres, supermarkets, transport hubs and other accessible locations.

For new apartment projects, the relevance is clear. A building’s amenity offering is no longer only about lifestyle spaces, but also about convenience, security and functionality.

As buyer expectations evolve, secure parcel delivery is becoming part of the same design conversation as flexible working, sustainable transport and resident wellbeing.

It is one less thing for residents to worry about, and another example of apartment design adapting to the way Australians now live.

Joel Robinson

Apartment design is adapting to the way Australians shop

While school holidays and trips to Europe tend to define the winter property market, there's been no cold snap at <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> in North Sydney.

Developer-builder&nbsp;<a href="https://www.apartments.com.au/developers/aland">ALAND</a> sold more than $35 million worth of apartments throughout June, including a $6.8 million apartment that now ranks among the highest apartment sales ever recorded in North Sydney.

SRM Residential agent Ben Stewart said buyer demand throughout June reflected a mix of improving market confidence and longer-term thinking from owner-occupiers.

"We're seeing strong demand from owner-occupiers who are taking a longer-term view," Stewart said.

"Many recognise the opportunity to secure an apartment in an iconic building and premium location while values remain attractive. They may initially lease the property, but the intention is to eventually move in themselves, rather than purchasing purely as an investment."

[smartcode_project:default project_id=134323 project_image_fid=367129]

Located at 177 Walker Street, The Walden will deliver 161 one, two, three and four-bedroom residences across a 30-storey tower designed by Rothelowman. Every apartment occupies a corner position, maximising natural light, cross ventilation and views across Sydney Harbour, the Opera House, Sydney Heads and the northern districts.

Rather than a traditional balcony, the residences feature winter gardens that seamlessly extend the open plan living areas, creating versatile spaces for relaxing or entertaining throughout the year. Floor-to-ceiling glazing draws in natural light while showcasing sweeping views from the building's elevated Walker Street position.

Every apartment features high-end Calacatta marble, bespoke joinery, and fully integrated appliances.

The larger residences have been planned with distinct entertaining and private zones, with many master suites positioned on corners to capture natural light and harbour views. Walk-in dressing rooms, freestanding baths and refined stone finishes reinforce the house-like feel that has resonated with downsizers and owner-occupiers.

[smartcode_project:default project_id=134323 project_image_fid=6393]

Rothelowman Principal Ben Pomroy said the project was designed to make the most of its unique position overlooking the harbour.

"The Walden is a celebration of all things beautiful, curated for those who expect nothing less than exceptional," Pomroy says.

"Meticulously designed entertaining spaces and light-filled living areas that capitalise on capturing the natural beauty of Sydney's iconic harbour."

Residents will also have exclusive access to The Pavilion, a dedicated amenity building featuring a rooftop pool, wellness studio, gymnasium, sauna, concierge service, residents' lounge, private dining spaces and work-from-home facilities.

[smartcode_project:default project_id=134323 project_image_fid=6402]

The project marks ALAND's first major luxury apartment development in Sydney's inner-city market after more than two decades delivering residential communities across Greater Sydney.

Founder and CEO Andrew Hrsto previously said the rarity of the Walker Street site made it an opportunity the company could not overlook.

"This is a rare opportunity to bring a truly exceptional project to life in one of Sydney's most iconic locations, and to showcase our craftsmanship and design expertise at a world-class level," Hrsto said.

[smartcode_project:default project_id=134323 project_image_fid=6383]

The Walden has been introduced to the market at a time when demand for living in North Sydney is at an all-time high. Billions of dollars have been invested in infrastructure, including the recently opened Victoria Cross Metro station, located just 300 metres from The Walden, providing residents with direct access to the Sydney CBD in just minutes.

Private investment has also transformed the area through the arrival of new retail and dining destinations, elevating the lifestyle offering in what was once considered primarily a commercial precinct rather than an aspirational residential address.

The Walden is currently under construction and is scheduled for completion in 2028.

[smartcode_project_cta:default project_id=134323]

ALAND records $35 million in sales in North Sydney as The Walden bucks quiet winter selling season

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

&nbsp;

Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

First look: ‘Far more than replacing a shopping centre’ as Conquest unveils 736-home Eastlakes redevelopment

Abadeen has lodged a State Significant Development Application (SSDA) for one of Mosman's largest apartment developments in recent years, seeking approval to transform the former Honeysuckle Garden and Midas site on Military Road into a 100-apartment mixed-use development.

The SSDA, lodged with investment partner Phoenix Property Investors, proposes around $230 million worth of new housing on the prominent <a href="https://www.apartments.com.au/new-apartments/494-516-military-road-mosman-nsw-2088">494-516 Military Road</a> site.

The proposal comes as Mosman Council continues to progress its recently endorsed Masterplan, which identifies the precinct for increased housing density while maintaining the suburb's established character.

Designed by DKO Architecture, the development would comprise 100 apartments above ground-floor retail, with a rooftop wellness precinct including a gym, sauna, entertaining areas and landscaped communal spaces.

Rather than pushing to the full 12-storey height identified in Council's Masterplan, the proposal ranges between five and nine storeys, stepping down towards Hale Road. A tenth level would accommodate resident amenities rather than additional apartments.

The project has been designed to appeal to a broad range of buyers, from first home buyers and young professionals through to families and local downsizers looking to remain on the Lower North Shore.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="5dada03f-5b4c-43ba-ba62-2868add31440" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.57.55%E2%80%AFAM.png?VersionId=7LBy0B.Jo8_iWAFJsClcV7Q3UnXrv49r" />

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock.

"The apartments have been designed as genuine long-term homes, with efficient floorplans that maximise usable living areas, generous storage, natural light and strong connections between indoor and outdoor spaces," Brown says."

"We've focused on creating homes for a broad range of buyers, from first home buyers and growing families through to downsizers who want to remain in Mosman."

The rooftop wellness offering forms a key part of the proposal, with residents set to have access to a gym, sauna, outdoor entertaining spaces, communal dining areas, landscaped gardens and a multi-use recreation court overlooking Sydney Harbour.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="d37c2d6b-583a-4a0f-b7a9-9f46b893d2f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.58.06%E2%80%AFAM.png?VersionId=FPoa5FCm2RtzjhAh2w5FTWJbV6GHfY8D" />

DKO drew heavily on the site's natural and cultural history, undertaking a Connecting with Country process with local Aboriginal Elders to inform the architectural and landscape design.

Senior Associate Matthew Ritchard said the design sought to create a building that responded to both the site's landscape and its cultural significance.

"The architectural language of the project is a deep expression of Connecting with Country, where the materiality and colour palette serve as a bridge between the site's geological history and its future as a residential sanctuary."

The proposal also retains the site's established blue gum tree as the centrepiece of the communal landscaped gardens, while introducing activated retail fronting Military Road to strengthen the connection between Mosman and Cremorne villages.

If approved, the project would deliver 100 new homes within walking distance of shops, public transport, schools and local amenities, adding to the limited pipeline of new apartments on the Lower North Shore.

<h2>Project Snapshot</h2>

Project: Honeysuckle Garden Redevelopment

Address: 494-516 Military Road, Mosman

Developer: Abadeen and Phoenix Property Investors

Architect: DKO Architecture

Lead Architect: Matthew Ritchard

Value: $230 million

Residences: 100 apartments

Key features:

<ul>
	<li>
	Ground-floor retail
	</li>
	<li>
	Rooftop wellness precinct
	</li>
	<li>
	Gym and sauna
	</li>
	<li>
	Outdoor entertaining and BBQ areas
	</li>
	<li>
	Landscaped communal gardens
	</li>
	<li>
	Multi-use recreation court
	</li>
	<li>
	Retained mature blue gum tree
	</li>
	<li>
	Connecting with Country design process
	</li>
	<li>
	Harbour, CBD and Balmoral views from upper-level apartments
	</li>
</ul>

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock

First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman

The wave of apartment proposals sweeping through Mosman shows no signs of slowing, with another major residential development lodged through the NSW Government's State Significant Development pathway.

Developer First Quadrant Properties, which recently completed Willoughby Grounds and has several projects in planning across the North Shore, has unveiled plans for <a href="https://www.apartments.com.au/new-apartments/cove-on-ourimbah-40-56-ourimbah-road-mosman-nsw-2088">Cove on Ourimbah</a>, a 63-apartment development on Ourimbah Road, adding to the growing pipeline of projects reshaping one of Sydney's most tightly held harbour suburbs.

The proposal would consolidate nine properties at 40-56 Ourimbah Road into a part eight, part nine-storey apartment building, continuing the momentum created by the NSW Government's accelerated planning pathways that have seen several significant developments emerge across Mosman over the past 12 months.

Designed by Doroch Architects, the project would deliver 63 apartments, resident wellness facilities including a gym, pool and sauna, landscaped communal spaces and basement parking, while using recessed upper levels, generous setbacks and extensive planting to reduce the perceived scale of the building.

<img alt="First look: First Quadrant Properties eyes nine-storey Mosman apartment project under State Significant pathway" data-entity-type="file" data-entity-uuid="32ee68e4-141e-4a10-8f83-48e961a5e71e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Ourimbah%20Road%2C%20Mosman%20a.png?VersionId=CUeILFc6APlwXPc.iplElbxHvREKwjig" />

Doroch Architects said the building had been designed to reinforce Mosman's established character.

"The building's aesthetic is grounded in the existing residential character of Ourimbah Road and the broader Mosman context," the architect noted in the planning documents submitted to the NSW Government.

The design adopts a contemporary material palette of natural stone, textured concrete and brown concave metal cladding, complemented by integrated planters and deep balconies. The podium incorporates softened curved concrete forms, while increased setbacks have been provided adjacent to the heritage-listed property at 60 Ourimbah Road to create a more sympathetic transition.

The site sits around 330 metres from Mosman Town Centre, placing it within the NSW Government's Low and Mid-Rise Housing policy area, where increased residential density is being encouraged close to shops, transport and services.

The proposal follows a string of major apartment projects lodged or declared State Significant in Mosman in recent months, including Abadeen's 100-apartment Honeysuckle Garden redevelopment on Military Road and several other developments across Awaba Street, Redan Street and Muston Street from the likes of Time &amp; Place, HELM and Prosker Property.

&nbsp;

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/time-place-to-take-on-mosman-apartment-market">Time &amp; Place to take on Mosman apartment market</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/first-look-abadeen-plans-100-apartments-on-former-honeysuckle-garden-site-in-mosman">First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman</a>

&nbsp;

Staff reporter

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News