<html><body>
The longtime Northwood home of late Australian artist Lloyd Rees headlined weekend auctions. 
There were six registered bidders, but in the end only two took part.
Bidding opened at $2 million with it knocked down at $2.46 million to an inner west couple expecting their first child.
<div class="wp-caption">The rustic studio below the three-bedroom home remained untouched following his 1988 death until the Art ­Gallery of NSW removed the art studio’s ­contents. The gallery had 800 of his works.</div>
The home was offered for sale by Rees’ Hobart-based son Alan Rees and wife Jan.
<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/2017/12/14/REES2.jpg" alt="">
There had been $2.2 million price guidance from McGrath agent Brent Courtney.
Having travelled to Eur­ope in the 1920s, Rees bought the Cliff Rd building block in 1934 for £300, then had the Italianate villa-style home constructed.
Rees had bought the <a href="https://www.realestate.com.au/sold/property-house-nsw-northwood-126946806" target="_blank">Cliff Road block</a> in 1934 for £300, and designed the Italianate villa-style house as his family home.
Rees and his wife Marjory lived there until 1986 when they moved to Tasmania. Marjory died soon after and Lloyd died two years later.
The property is registered for its historic significance with Lane Cove Council.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Northwood home of the late artist Lloyd Rees sells at auction

<html><body>
<h1>
<a href="https://theconversation.com/profiles/jason-potts-105412" target="_blank" style="font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12.16px;">Jason Potts</a>, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</a>
</h1>
Bitcoin may be the most famous example of a <a href="https://bitcoin.org/bitcoin.pdf" target="_blank">blockchain in use</a>, but it is actually a rather unimaginative way to use it.
The blockchain is finally starting to fulfil its promise as a game-changing technology, a kind of infrastructure for record-keeping. To facilitate movement of value (such as money) and changes in ownership (shares, for example), and even to <a href="https://www.ibm.com/blockchain/identity/" target="_blank">manage online identities</a>.
The Australian Stock Exchange (ASX) has <a href="http://www.asx.com.au/asxpdf/20171207/pdf/43pz030qxzdcvs.pdf" target="_blank">announced</a> that it will use a blockchain-based system to record who owns shares of listed companies, and to keep track of transactions and settlements when people buy and sell shares.
The move comes as the price of Bitcoin has <a href="https://www.coindesk.com/price/" target="_blank">risen more than US$14,000 in the past year</a>. Yet Bitcoin does not really exploit the new databases and record-keeping infrastructure that blockchain technology makes possible.
<hr>
Read more: <a href="https://theconversation.com/demystifying-the-blockchain-a-basic-user-guide-60226" target="_blank">Demystifying the blockchain: a basic user guide</a>
<hr>
The blockchain is also called a “public” or “distributed” ledger. Think of a spreadsheet that is publicly available to view, and simultaneously held on numerous computers. When someone transfers a Bitcoin, it is verified by the system, encrypted, and a new line (or “block”) is added to the spreadsheet.
The ASX’s blockchain will replace the ASX’s <a href="http://www.asx.com.au/services/settlement/asx-settlement.htm" target="_blank">CHESS</a> (Clearing House Electronic Sub-registry System) system. Currently, the ASX requires each trade to be verified against the ASX’s centralised database of ownership records and reconciled with payments.
So while trades take place in fractions of a second, the actual clearance (making sure who owns what) and settlement (the transfer of money and shares) is cumbersome, slow, expensive, and prone to human error.
The ASX’s blockchain will greatly simplify this process. Instead of having to reconcile trades against a centralised database, the verification of ownership and settling of accounts can be done directly between participants (as is done with Bitcoin trades). This is much simpler, faster and more secure.
<hr>
Read more: <a href="https://theconversation.com/whats-holding-up-the-blockchain-79038" target="_blank">What’s holding up the blockchain?</a>
<hr>
<h2>A monumental shift</h2>
The fact that the ASX’s blockchain announcement made headlines <a href="http://www.bbc.com/news/business-42261456" target="_blank">around the world</a> shows what a big leap forward this is.
The ASX’s blockchain will streamline the settlement process, improving productivity and therefore reducing costs in the Australian stock market. This means that our financial markets will work better, offering an immediate benefit to Australia’s economy.
Exchanges are also a global business, and the adoption of blockchain technology in Australia’s major exchange means that it has a competitive edge over other exchanges.
Companies choose where to list, based on a variety of factors including the quality of the exchange technology. More business for the ASX will translate into more local jobs.
One potential downside of the ASX adopting the blockchain, however, is that some workers who currently process settlements on the ASX may lose their jobs. Some financial companies that currently benefit from the slow settlement process, such as brokerage firms, will also lose out.
<hr>
Read more: <a href="https://theconversation.com/blockchain-really-only-does-one-thing-well-62668" target="_blank">Blockchain really only does one thing well</a>
<hr>
But the ASX’s move is just scratching the surface of what blockchain technology can do to the Australian financial sector.
The same argument that applies to the ASX - that the blockchain is more efficient and productive than existing record-keeping and transaction processes - can also be extended to other exchanges, such as bond markets.
In other words, the ASX’s blockchain is just the beginning of a technological transformation of Australia’s financial markets.
Blockchains will also make these exchanges more attractive to build services on, such as for managing wealth. This is a further benefit for consumers and the broader finance industry, not purely from lower prices also from the possibility of new products and services.
<hr>
Read more: <a href="https://theconversation.com/the-blockchain-does-not-eliminate-the-need-for-trust-86481" target="_blank">The blockchain does not eliminate the need for trust</a>
<hr>
But how is any of this even possible in the first place? Part of the credit must go to Australian regulators. They created the environment for this huge shift in technological practice.
Australia is now leading the adoption of the blockchain, despite it being a US-built technology. It is similar to how African telecommunications companies are <a href="https://www.safaricom.co.ke/personal/m-pesa" target="_blank">leading the way in mobile payments</a>, even though Finland created modern mobile phones with companies like Nokia.
<img src="https://counter.theconversation.com/content/88937/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Even if you’re not excited about new technology in the Australian finance industry, its global competitiveness, or even our regulatory agility, the ASX announcement is a harbinger of what adoption of blockchain technology will increasingly look like.
<a href="https://theconversation.com/profiles/jason-potts-105412" target="_blank">Jason Potts</a>, Professor of Economics, <a href="http://theconversation.com/institutions/rmit-university-1063" target="_blank">RMIT University</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/bitcoin-may-be-reaching-new-heights-but-the-asx-shows-the-blockchain-is-reinventing-business-88937" target="_blank">original article</a>.
</body></html>

Bitcoin may be reaching new heights, but the ASX shows the blockchain is reinventing business

<html><body>
The onetime ABC television Queensland presenter - whose national prominence has soared in recent weeks - Matt Wordsworth and his wife Stacey have sold their Camperdown apartment.
The two bedroom, third floor <a href="https://www.realestate.com.au/sold/property-apartment-nsw-camperdown-126405998" target="_blank">Layton Street apartment </a>fetched $1.25 million, a month after it went to auction.
It is just a year after the couple bought it for $1,075,000.
It's set in The Grace, the Loftex developed warehouse of the former Grace Brothers repository.
The living area with floor to ceiling windows opens to a balcony. The marble gas kitchen can be concelaed behind sliding doors and there's an integrated study area.
Belle Property Annandale agent Michael Field sold the apartment.
Wordsworth, who went back to Brisbane for the recent Queensland election result, was in the news this week when a Federal Labor politician called him a "maggot" while trying to shield embattled MP Justine Keay from reporters over her dual citizenship doubt. Brian Mitchell later apologised.
This article was first published in the Sunday Telegraph.
</body></html>

ABC's Matt Wordsworth sells Camperdown apartment

<html><body>
Australian shopping center company Westfield Corp on Tuesday has entered a trading halt for its shares on the Australian Securities Exchange this morning ahead of an announcement on a potential transaction. 
The company said it was in discussions with unnamed parties for a “potentially significant corporate transaction”, without divulging further information. 
Westfield said it expects to make a related announcement on Thursday.
The early speculation is that the $17 billion company, whose major shareholders include the Lowy family, may be selling some of its non flagship centres.
Or undertaking a tilt at US mall owner GGP or looking to demerge its North American assets, or thinking of a merger of its real estate interests in France.
<div>
By early afternoon there was speculation Westfield was set to be taken over by a European shopping centre giant in a takeover deal said to be worth $32.7 billion.
</div>
Unibail-Rodamco will take over the ASX-listed company to create a global property giant with 104 malls in 27 retail markets around the world.
Unibail-Rodamco is the largest listed commercial real estate company in Europe and the second-largest globally by value.
</body></html>

Westfield enters trading halt with significant announcement due this Thursday

<html><body>
<div>
Cromwell Property Group has today announced a $170 million strategic placement to SingHaiyi Group Ltd. and Haiyi Holdings Pte. Ltd., which are entities associated with Gordon Tang and Celine Tang, cornerstone investors in the Cromwell European REIT.</div>
<div>
 SingHaiyi Group Ltd. is also listed on the Main Board of the SGX-ST and specialises in property development, real estate investment, real estate co-investing and real estate management services. With interests that span Singapore, US and Europe it has considerable expertise in real estate development, investment and management across both listed and unlisted vehicles, principally held through Haiyi Holdings Pte. Ltd. Proceeds from the strategic placement will be used to repay short term debt associated with Cromwell’s investment in CEREIT and for investment in value adding opportunities in the portfolio and potential acquisition opportunities. “I highlighted last week that the successful IPO of CEREIT was a transformative deal,” said Cromwell CEO Paul Weightman. 
</div>
<div> Approximately 175 million new Cromwell stapled securities (New Securities) will be issued under the strategic placement at an issue price of $0.9691 per New Security. The issue price represents a 4.9% discount to the 30 day VWAP of $1.02 to 8 December 2017. The New Securities will be allotted on 15 December.</div>
</body></html>

Cromwell announces new $170 million strategic placement 

<html><body>
The Sydney developer Develotek is selling a 5420sq m Chatswood site with $250 million hopes.
The site includes houses at 51-61 Archer Street, 30-32A Bertram Street and 34 Albert Avenue.
Knight Frank are handling second-round expressions of interest, with a likely deal to be closed by January, according to Fairfax Media.
It is being marketed as "The Bertram", with the prospect of 400 apartments in a 90-metre tower. There is a heritage cottage which will be restored.
Develotek, which has a history of door-knocking owners of private properties to put together large residential sites, amalgamated 38 properties in 2015 for a proposed 700 apartments at Granville.
It is understood Develotek has options over the privately owned Chatswood properties, eight houses and 12 townhouses.
</body></html>

Develotek list Chatswood site with $250 million hopes

<html><body>
A Parramatta site which was set to become The Peak, a 138 metre tall residential development, has been flipped by CWG, the Singapore-listed Chinese property developer.
The company bought the 2880 sqm, four lot site for $27 million in 2015 and listed it for sale mid-last year. It sold the Parkes Street residential site for $40 million, Fairfax Media reported.
They rezoned the land and lifted the potential floor space from 10:1 to 15:1.
Towering 100 metres above the surrounding landscape, The Peak was set for around 330 apartments.
<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/2017/12/15/peak2.jpg" alt="">
Knight Frank agent Ben Wicks was marketing the development with CBRE's Danny Shi.
The group sold it to Sydney residential developer Aland late last week through local agency Khoury &amp; Partners' George Khoury.
Concord-based Aland, which focuses on residential developments in metropolitan growth corridors, will now proceed the scheme by SJB Architects.
CWG's remaining residential portfolio includes a 220-apartment project, The Uptown in Roseville, a joint venture with another Chinese developer Longton, a 90-apartment project at 17-25 Epping Road in Epping and the Stellar apartments at 771-775 Victoria Road, Ryde.
It also has a 11-hectare development site in Caddens, Penrith in Sydney's west.
 
 
</body></html>

The Peak project site at Parramatta sold by CWG to Aland

<html><body>
<h1>Riding in cars with dogs: millions of trips a week tell us transport policy needs to change</h1>
Having a pet dog turns out to be a highly car-dependent affair. Author provided <a href="https://theconversation.com/profiles/jennifer-kent-13822" target="_blank">Jennifer Kent</a>, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</a> and <a href="https://theconversation.com/profiles/corinne-mulley-106" target="_blank">Corinne Mulley</a>, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</a>
Dog owners depend very heavily on their cars to transport and care for their pets. Our recently published <a href="https://www.sciencedirect.com/science/article/pii/S0965856417302161">study</a> estimates that dog owners make about 2.4 million dog-related trips a week in Sydney. We also found pet owners overwhelmingly want to be able to travel on public transport with their pets. So why are they still excluded?
<hr>
Further reading: <a href="https://theconversation.com/we-need-a-better-understanding-of-how-we-manage-dogs-to-help-them-become-better-urban-citizens-64749" target="_blank">We need a better understanding of how we manage dogs to help them become better urban citizens</a>
<hr>
Our study, involving more than 1,250 Sydney dog owners, looked at popular activities owners do with their dogs and how often these require a trip by car. Typical activities include:
<ul>
<li>walking</li>
<li>visiting the park or other recreational areas</li>
<li>dog training</li>
<li>going to cafés, bars or shops</li>
<li>visiting family, friends or the vet.</li>
</ul>
On average, we found people walk their dog twice or more a week. While this confirms <a href="http://www.sciencedirect.com/science/article/pii/S0091743507003775" target="_blank">existing research</a>, we found that one in four dog walks actually began with a drive in a car. Of the more than 75% of dog owners who go to a recreational area twice or more a week, 45% get there by car. And of the two-thirds of people who go to the dog park three times a week, more than half travel by car.
This demonstrates a surprisingly high reliance on private cars for dog ownership. The table below clearly shows this.
<img src="https://images.theconversation.com/files/194753/original/file-20171115-19841-1c1ibfb.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Activities undertaken by dog owners and the number of dog-related car trips each week.
The survey also found that, on average, people visit a vet three times a year. They use a car for 86% of those trips.
However, 14% said lack of transport had prevented them from taking their dog to a vet. People who did not own a car were more likely to fall into this category.
<h2>So, why does this matter?</h2>
Our results indicate that enjoying and caring for a dog in Australian cities – which has <a href="https://theconversation.com/our-pets-strengthen-neighbourhood-ties-79755" target="_blank">proven health and social benefits</a> – is a relatively car-dependent affair. And car dependency is something urban <a href="https://theconversation.com/stuck-in-traffic-we-need-a-smarter-approach-to-congestion-than-building-more-roads-84774" target="_blank">planners want us to leave behind</a> for many reasons, including sustainability, health and <a href="https://theconversation.com/au/topics/healthy-liveable-cities-44685%20in%20our%20cities" target="_blank">liveability</a>.
If we are trying to reduce car use, understanding activities that lead to car dependence is important. We are particularly interested in the unintentional, often negative, consequences for individuals who, by choice or circumstance, do not have access to a car. A compromised ability to enjoy and care for a dog is one such consequence.
<a href="https://images.theconversation.com/files/197467/original/file-20171203-5392-1lre7jv.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/197467/original/file-20171203-5392-1lre7jv.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
All European cities allow dogs on public transport but most cities in the US and Australia do not. <a class="source" href="https://www.shutterstock.com/image-photo/chihuahua-arms-travels-public-transport-615671681?irgwc=1&amp;utm_medium=Affiliate&amp;utm_campaign=TinEye&amp;utm_source=77643&amp;utm_term=" target="_blank">TIF Fotos/Shutterstock</a>
A policy solution would be to allow dogs on public transport in Australian cities. Unsurprisingly, our survey of dog owners found an overwhelming 95% support this.
More than half indicated they would do more activities with their hound if this were allowed. And 20% said they would even consider getting by without one of their cars if they could take their dog on public transport.
<hr>
Further reading: <a href="https://theconversation.com/is-there-a-place-for-dogs-in-public-space-or-must-they-make-do-with-dog-parks-56147" target="_blank">Is there a place for dogs in public space, or must they make do with ‘dog parks’?</a>
<hr>
<h2>What are the rules in other countries?</h2>
With these findings in mind, we investigated public transport policies on pets in 30 cities across Europe, the United States and Australia. We found all European cities allowed dogs on public transport. Most cities in the US and <a href="https://transportnsw.info/travel-info/using-public-transport/travelling-with-animals-pets">Australia</a> did not.
The policies allowing dogs vary. Some apply limits on where on the train, tram or bus a dog may travel, on travel during peak hours, and on the size of dog. In cities such as Paris, dogs must pass a “basket test” for riding in a carrier or small bag.
Most cities charge a fare for dogs at a concession or child price. Zurich has gone a step further by offering an <a href="https://www.sbb.ch/en/travelcards-and-tickets/tickets-for-switzerland/dogs" target="_blank">annual travel card</a> for dogs.
<hr>
Further reading: <a href="https://theconversation.com/johnny-depps-dogs-show-evolving-ideas-of-animal-citizenship-41968" target="_blank">Johnny Depp’s dogs show evolving ideas of animal ‘citizenship’</a>
<hr>
It is interesting that in cultures where private cars are dominant – such as Australia and the US – dogs are restricted from riding on public transport. In Europe, where car ownership and use are less common and public transport use is more the norm, dogs are welcome on trains and buses.
This perhaps says something about how we see public transport in Australia: it is for predictable and “clean” trips, such as the journey to work.
<img src="https://counter.theconversation.com/content/87094/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">In reality, our lives are made up of messy trips, and to reduce car dependence we need to plan for this mess. This might include measures such as changes to timetables, making the interior of trains and buses more suitable for people carrying groceries, or allowing people to use the train to take their dog on an outing or to the vet. If public transport is for travel for all citizens and dogs are an important part of so many people’s lives, why should dogs be excluded from public transport?
<a href="https://theconversation.com/profiles/jennifer-kent-13822" target="_blank">Jennifer Kent</a>, Research Fellow, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</a> and <a href="https://theconversation.com/profiles/corinne-mulley-106" target="_blank">Corinne Mulley</a>, Professor; Chair in Public Transport, <a href="http://theconversation.com/institutions/university-of-sydney-841" target="_blank">University of Sydney</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/riding-in-cars-with-dogs-millions-of-trips-a-week-tell-us-transport-policy-needs-to-change-87094" target="_blank">original article</a>.
</body></html>

Riding in cars with dogs: Public transport policy needs to change

<html><body>
<div>
AMP Capital remains in ongoing discussions with Lendlease and Multiplex over the tender for construction of its Quay Quarter Tower.
Lendlease has quoted at $70 million over budget, according to the AFR's Street Talk column.
</div>
<div>AMP Capital still has an aim of getting construction underway next year, it added.</div>
<div>
Tenants in the existing building are due out this Friday.
The 49-storey office building at 50 Bridge Street will be rebuilt as Quay Quarter Tower.
The $1 billion tower, designed by Danish firm 3XN, is due to open in 2020.
The chief operating officer of real estate at AMP Capital, Louise Mason, has previously said revitalising the precinct was paramount to Sydney’s future as a global city.
“Quay Quarter Sydney provides an opportunity to reimagine the urban landscape of Circular Quay,” she said.
The Quay Quarter Sydney precinct will span two inner city blocks over a site area of around 11,000 square metres and incorporates a mix of commercial, retail and luxury residential.
50 Bridge Street is jointly owned by investors in the AMP Capital Diversified Property Fund (ADPF) and the AMP Capital Wholesale Office Fund (AWOF).
Street Talk noted super fund giant REST was the frontrunner to take out the stake in the redevelopment of 50 Bridge Street.
</div>
</body></html>

AMP Capital still seeking construction tender for Quay Quarter Tower

<html><body><div class="page" title="Page 15">
<div class="layoutArea">
<div class="column">
Settlement risk remains a live issue for Parramatta developers and their project financiers, according to new analysis from Deloitte of the Parramatta market.
Their inaugural Parramatta Crane Survey revealed an unprecedented level of construction in Parramatta, identifying 39 developments.
Its research indicates approximately 650 apartments were purchased off the plan during the peak of the cycle in 2016 which are the pre-sales exposed to the highest settlement risk. 
"Anecdotally we have not heard of any major settlement issues in the local market to date and prudent developers are likely to be proactively monitoring this risk," the survey author and Deloitte Western Sydney’s Real Estate Leader, David Hagger, noted.
The survey reveals that there are currently 2,707 apartments under construction in the Parramatta CBD, due for completion between 2018 and 2019.
<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/2017/12/11/parra1.jpg" alt="">
With a further 4,865 apartments proposed across 12 projects, a potential ‘flood’ of the market has been predicted by some commentators, but according to Hagger, however, the survey indicates a different outcome.
“We see the market entering a cooling phase.
"There are only 1,110 apartments with DA approval in the pipeline, providing a short-term supply of approximately 2-3 years, indicating lower risk of oversupply."
He suggested developers are adjusting to changing market conditions - including limits on lending by banks, increases in stamp duty and land taxes and restrictions by Chinese regulators on outbound investments in real estate - along with the shift towards commercial development.
"The pool of proposed apartments does represent a significant potential supply.
"However, these are not yet committed," he noted. 
<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/2017/12/11/par3.jpg" alt="">
"If property prices retract slightly, or less mortgage finance is made available, for example as banks restrict investor loans, the presale purchaser may be required to contribute further equity.
"The settlement risks could potentially result in purchasers not being able to complete and the completed stock being relisted for sale thereby adding to the existing supply pool in the Parramatta market.
"This is most likely to occur when the apartment was sold at the ‘peak of the cycle’ where the purchaser has assumed ongoing capital growth and stretched their own financial position."
 
</div>
</div>
</div></body></html>

Off the plan Parramatta settlement risk remains a live issue: Deloitte

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=145590]

Vitale breaks Byron Bay records with EADE sales flurry 

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

<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/CkF2oKmlACg?si=C50sDaoUUn2nuLmq" title="YouTube video player" width="560"></iframe>

Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

<a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.

Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.

A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" />

"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.

"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."

The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" />

Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.

The architects say landscape is intended to be integral to the building rather than an applied element.

"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."

"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."

Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.

HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.

HG Developments doubles down in Newstead with second Maud Street apartment development

Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.

But in many cases, that's not actually what those sustainability ratings guarantee.

Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.

In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.

That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.

The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.

Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.

Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.

Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.

"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.

"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.

"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."

Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.

Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.

"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.

"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.

"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."

For apartment buyers, the shift is also changing the questions worth asking.

Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?

As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.

Staff reporter

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News