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The publicly listed ALE Property Group (ALE) is seeking to sell the Berwick Inn Hotel.
It is leased to Australian Leisure &amp; Hospitality Group (ALH), which is 75% owned by Woolworths and is the largest operator of pubs in the country.
It holds the lease until November 2028, with four further 10-year options to extend to 2068.
The two-storey venue is located on a prominent 4,166 square metre site and comprises a bar, bistro, beer garden and gaming facilities as well as a large 50 space on-grade carpark. 
CBRE agents Daniel Dragicevich, Scott Callow and Justin Dowers have been appointed to sell the property via tender.
"Typically, hotels with the blue chip tenant covenant of ALH trade at between 100-150 basis points sharper than those with private tenants," Dragicevich said.
"ALH leased properties have actually been in very short supply in recent times, so a keenly fought sales campaign is expected."
The Melbourne pub listing marks the first property ALE has put to the since its 17 venue sell down in 2009-2010.
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j.ballantyne1990-6AQqhLzZaK

ALE Property Group list Berwick Inn Hotel

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A South Melbourne icon, the Water Rat Hotel, is being offered for sale with offers due 2 November. 
Built in 1858, the popular venue located at 256 Moray Street was previously named Druids Hotel and also the Freemason’s Hotel.
The venue has a rich history, being the location of the 1973 murder of Painters and Docker Union secretary Pat Shannon. 
The 513 square metre venue underwent major renovations and opened as the Water Rat Hotel in 1991, where it was one of the first hotels in South Melbourne to introduce outdoor seating. 
The venue was expected to fetch a price in the high $3 million range.
It had no pokies.
Its present owner bought the hotel four years ago and the liquor licence is managed by a private company.
CBRE’s Justin Dowers, Will Connolly and Tim Last, conjunctionally with Burgess Rawson’s Terry Board and Nicholas Breheny, have been appointed to market the property. 
The Water Rat Hotel is being marketed as providing potential for investors, developers and future owner occupiers. 
Located on a 314 square metre site, the Water Rat Hotel is a two-storey venue comprising an outdoor seating area, rooftop terrace, two separate bar areas and function space on the first floor.
With frontages to Park and Moray streets, the property benefits from a position within walking distance to the Clarendon Street retail precinct. 
South Melbourne has the third highest rate per square metre for residential property in Melbourne, sitting closely behind Middle Park and Albert Park, with a rate per square metre of $10,809/square metre and a median house price of $1,700,000, CBRE says.
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South Melbourne's iconic Water Rat Hotel listed

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A three bedroom Bulimba house has sold for $1,885,000.
Located at <a href="https://www.realestate.com.au/property-house-qld-bulimba-126229074" target="_blank">11 Pine Street</a>, the 835 square metre property is suitable for development.
It features a frontage of 15 metres with the allotment’s removable post-war home 70 metres from the Oxford Street area.
<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/2017/09/17/11%20Pine%20Street-2.jpg" alt="">
It is a zoned LMR (two or three storey mix) and suitable for constructing multiple luxury apartments or townhouses.
The property is four kilometres from the CBD and public transport is nearby.
Oxford Street features a Woolworths supermarket and fitness centre, while parkland is also nearby.
The property was offered through Ray White agent Jose Peralta.
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Three bedroom Bulimba house sold for $1,885,000

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The major centres throughout the South West have seen sales volumes continue to remain relatively stable, however the residential market within WA rural residential localities and inland townships have continued to soften.
The valuation firm, Herron Todd White suggests the swings of the Perth market during the past several years have been missed in the South West which was still benefiting from a strong population growth.
"People in general want to live here, employment permitted, as the region is characterised by pristine beaches, surf and its world renowned wine region.
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Entry points into the lower end of the market range from $250,000 to $400,000.
"For this amount you can purchase either a basic established residence or build a project home in one of the outlying new developments," the recent report advised.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-wa-dunsborough-124366038" target="_blank">4 Ashbrook Green, Dunsborough</a> (picture above) has sold for $365,000 through Michael Mort of JMW Real Estate.
"These established homes are in general located in closer proximity to the beach than the new developments and as such the established homes generally offer better capital growth potential while the new housing market offers better yields.
It noted the lower market segment is generally being driven by first home buyers and also investors. 
"The stable condition of the lower market segment consequently has a ow on effect into the middle market as vendors of the lower market segment are looking in effect to trade up.
"It is generally the mums and dads that are active in this space as they are looking to upgrade the family home.
"Currently this market segment is offering good value for money. 
"This market segment is considered to be stable, however we note that it is not performing as well as the lower market segment."
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The higher price range was resulting in fewer prospective purchasers. 
It also noted while there seems to be a healthy balance between supply and demand the selling periods are in general longer than the lower market segment. 
"Unfortunately, the upper end of the market is considerably slower than the lower and middle market segments. 
"Properties above $1 million are selling if they are priced correctly, however extended selling periods between six to 12 months are still common.
"That being said, the South West is considered to be a premium holiday destination and there is still demand from the wealthy to invest and holiday in the region.
"Therefore prestigious properties scattered throughout the South West, such as Naturaliste, Eagle Bay, Metricup and Yallingup are still regularly recording sale prices in excess of $1 million."
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South West WA property entry point starts at $250,000

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The Rockpool Dining Group is set to open his first foreign premises in Los Angeles.
The development comes ahead of leading restaurant chain Rockpool Dining Group's possible stockmarket listing, The Australian Financial Review reported.
Founded by celebrity chef Neil Perry, who last year sold the Rockpool empire to private equity-backed Urban Purveyor Group, the restaurant group has secured a site not far from Melrose Avenue in West Hollywood. 
Rockpool's previous plans for foreign site -- Spice Temple Dubai -- fell through in 2014.
The top chef’s two new Sydney restaurants, the Jade Temple at 11 Bridge Street and Rosetta at Grosvenor Square (picture above), were hatted at the recent Good Food guide gongs.
Rockpool Dining Group had recently announced it was bringing the much-loved Melbourne Italian restaurant, Rosetta Ristorante, with menus by chef Neil Perry, as part of Grosvenor Place’s $20 million piazza redevelopment.
There has been talk of a trade sale by Quadrant Private Equity, the AFR speculates.
Last November in a game changing move for the Australian hospitality industry, Quadrant Private Equity backed Urban Purveyor Group and Rockpool Group combined forces to create a multi-concept, dining and entertainment powerhouse, Rockpool Dining Group.
The move firmly establishes Rockpool Dining Group as the most dominant player in the Australian hospitality industry, with annualised revenues in excess of $350 million.
Rockpool Dining Group’s portfolio includes 47 venues, 15 dining brands, and over 3000 employees across four states. 
Rockpool signalled it plans expand to more than 80 venues by the end of CY 2017, including the group’s first venues in London.
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Rockpool plans first foreign premises in Los Angeles

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Treasury secretary John Fraser has welcomed the cooling off in the country's biggest housing markets. 
After "rapid" growth in Sydney and Melbourne prices in recent years, Fraser said the market appeared to be slowing.
He told the Citi investment conference they were the early signs the curbs on riskier bank lending were doing their job.
There were also signs homebuyers were responding by moving to lower-priced cities and regional centres.
Fraser acknowledged the build-up in household debt had accompanied strong house price growth in recent years, but signalled he was not "too alarmed" by the trend.
"It's good to see some of the recent moderation in house price growth, and while it's too soon to make a final assessment of the impact of APRA's March 2017 macroprudential measures, the signs at the moment are promising," Mr Fraser said at Citi's investment conference in Sydney.
When asked is he still held the <a href="https://www.smh.com.au/business/the-economy/treasury-boss-john-fraser-fears-about-investment-in-housing-points-to-home-renovation-shows-20150601-ghdx0t">view that Sydney housing was in a "bubble"</a>, as he said two years ago, Mr Fraser referred to "welcome signs of slowing" in the market.
He also emphasised the very different market conditions across the regions, with signs Western Australia's market might be starting to recover after a sharp slump triggered by the mining bust."These things are cycles, and we are perhaps starting to see that cycle playing out," Mr Fraser said.
Fairfax Media reported Fraser also referred to strong growth in the population in regional centres such as Bathurst, Geelong, Dubbo and Ballarat, saying people were responding to the very high cost of housing by moving outside the largest cities.
"I'm getting the feeling that a lot of people are now starting to react to some of the high house prices in the east coast capital cities by thinking about relocating to other capital cities or regional centres," he said.
 
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The housing shift to cheaper cities is happening: John Fraser

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The RBA October meeting noted the most recent information about conditions in the established housing market suggested that growth in housing prices had eased from the previously brisk pace in some cities, most notably Sydney, and had remained soft in some others.
Housing debt had been outpacing the slow growth in household incomes for some time, it noted.
"Recently, growth in credit to investors in housing had eased a little, although overall growth in household credit had been little changed," the October minutes suggested.
Members discussed the importance of continuing to assess the various risks in household balance sheets.
Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
The board noted there had been a pick-up in household consumption growth in the June quarter despite ongoing weakness in household disposable income growth.
Members noted that consumption growth had increased in most states, although it had remained noticeably weaker in Western Australia than in the eastern states, consistent with weaker income growth in that state.
Recent strong growth in employment across all the states was expected to support income growth, and therefore consumption growth, in the period ahead.
Members observed that residential construction appeared to have plateaued, with dwelling investment largely unchanged in the June quarter.
The pipeline of work already approved or under way was expected to continue supporting dwelling investment around current levels over the subsequent year or so; the peak of apartment completions was expected to occur during this period.
At the current level of dwelling investment, growth of the housing stock was expected to outstrip that of the population, as it had done in the preceding few years.
Established housing market conditions had continued to ease in Sydney and Melbourne, but had been broadly unchanged in other cities.
This pattern was evident in revised housing price data released by CoreLogic in September, as well as in auction clearance rates.
Housing prices had continued to decline gradually in Perth. Nationwide measures of housing prices had increased by around 9 per cent over the year to September.
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RBA housing debt outpacing the slow growth in household incomes: RBA

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Despite the surge in prices in Sydney and Melbourne and the high indebtedness of Australian households, Aberdeen Asset Management said there was no housing bubble.
They initially said there was no housing bubble in 2015 and re-affirmed this view in a new research paper.
It was written by its Asia Pacific head of property research, Milan Khatri.
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"We don't believe that the Australian housing market is in a bubble, " Mr Khatri wrote.
"The usual features of bubble-type behaviour such as broad synchronisation of price gains across a country, lax bank lending policies, reduced scrutiny of end-buyers, and indiscriminate investor buying, mostly appear missing.
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<div>"Moreover, while housing supply is high by historic standards it is far from being excessive, and appears to have already peaked.</div>
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<div>"Certainly there may be pockets of the market where the dangers of oversupply are a real threat – such as CBD apartments – but any weakness is likely to be short-term in nature as new supply eventually falls back," he said.</div>
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<div>However Aberdeen does view house prices as being broadly overvalued close to 10 per cent with "low interest rates no doubt help[ing] to support current valuations".</div>
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The Fairfax Media report noted Khatri said Aberdeen did not believe the Australian market was overheated in the same way that markets like the US, Ireland and Spain were prior to the global financial crisis.
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Among the features that differentiated it from these markets were measures by authorities to prevent excessive lending on "loose terms"  through the restriction of high-risk loans like interest-only loans and reducing the pace of growth in investor lending to 10 per cent per annum.
He added that big price gains in Sydney and Melbourne reflected housing demand running ahead of supply while in other markets where price growth has been less pronounced supply and demand have been more in balance "with the exception of Brisbane".
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Pockets of dangerous oversupply, but no housing bubble: Aberdeen

Perth house prices still in gradual decline: October 2017 RBA minutes

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GUEST OBSERVER
Urban greening projects in Melbourne’s west are contributing to making the region cooler, more pleasant and healthier to live in and travel through. The key to this success is the Greening the West initiative. Since 2011 this has brought together 23 organisations that, by the end of 2018, will have collectively planted more than 1 million trees in Melbourne’s west.
The program’s efforts not only offer clear health and economic benefits for the region’s residents, but are also welcome news in the face of reports that tree canopy cover in Australian cities is generally declining.
Our recent report on Greening the West has found that, while it is a great success, much more work is needed – particularly from the Victorian government.
What is Greening the West?
Urban greening provides a variety of economic, mental and physical health benefits to the public. Greening an area can increase house prices, encourage walking and cycling, and make people feel happier.
Measures of socioeconomic and health status are generally poorer in Melbourne’s west. Compounding this disadvantage, the region has less quality green space than metropolitan averages. Melbourne’s western suburbs have tree canopy coverage of only 5% to 10%, compared to between 10% and 30% in the rest of the city’s suburbs.
<img src="https://images.theconversation.com/files/189906/original/file-20171012-9839-jfsglk.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Comparative levels of tree canopy cover (% of total area) in Melbourne’s local government areas. Where are all the trees?, Author provided
City West Water began the Greening the West initiative in 2011. The focus was on the local government areas of Brimbank, Hobsons Bay, Maribyrnong, Melton, Moonee Valley and Wyndham. As well as local councils, the steering committee includes community groups, water utilities, state government agencies and a variety of other actors.
An urban greening success story
Planted trees have made a clear difference to Melbourne’s west, where many of the trees can be seen from roads, train lines and houses. This visible difference, and its associated benefits, will become more apparent as trees grow to maturity.
The group obtained A$5 million in funding from the federal government’s 20 Million Trees Program. Trees were then planted in parks, waterway corridors, drainage reserves and peri-urban land.
The Greening the West group supports two other important ongoing liveability projects in Melbourne’s west:
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transforming a 1.2 kilometre section of Upper Stony Creek back from a concreted channel into a green waterway
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transforming 27 kilometres of the heritage-listed main outfall sewer into a linear park and bike track connecting Werribee to the CBD, known as Greening the Pipeline.
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As part of the latter project, a 100-metre pilot at Williams Landing was finished in April 2017. Melbourne Water delivered the project in partnership with Wyndham City Council, City West Water and VicRoads, with funding from the Victorian government.
A final Greening the West success is the way it has shifted priorities and cultures, with local government and other stakeholders increasingly recognising the benefits of greening.
The program shows the power of a collaborative model for solving complex urban problems. Such models could not only be rolled out for greening similar regions, like western Sydney, but are also applicable to other complex urban issues such as homelessness.
Planting and greening projects on public land are not enough
It isn’t all good news, however. We found that current efforts to achieve urban greening in Melbourne’s west are unlikely to be enough to reach desirable greening levels.
Most of these efforts are focused on greening public or semi-public land. However, in many areas, the majority of existing trees and tree canopy cover is on private land. As urban densification occurs, these tree numbers are declining.
This is why, despite urban greening efforts, canopy cover has decreased in most areas of Australia between 2013 and 2016. To protect and enhance urban greening, the Victorian government should investigate ways to strengthen policies and planning regulations. This should be done as part of Plan Melbourne’s urban greening actions.
For instance, regulations could require large-scale developers to include trees in new housing lots, parks and streets. Regulations could also be used to ensure small-scale subdividers and renovators include trees on lots.
Current Victorian planning regulations require a certain proportion of public open space in new suburbs, and for housing lots in certain zones to include 25-35% garden area. There is also some guidance on retaining existing trees on lots.
However, there are no state or citywide regulations requiring the planting of new trees and vegetation. This creates a significant risk in new developments that the lots, streets and public open space will have very low tree cover.
A small number of councils, such as Brimbank City Council, have led the way by creating local planning controls that require housing lots to have two trees in the front garden and one in the back garden. This is done through the planning permit process. But statewide or citywide regulations supported by the Victorian government are needed to ensure the protection and enhancement of urban greenery across Melbourne.
In addition, more community education and engagement are required to increase awareness of the many benefits of urban greening.
Casey Furlong is a postdoctoral research fellow at the Centre for Urban Research, RMIT University; Jago Dodson is professor of urban policy and director at the Centre for Urban Research, RMIT University; and Kath Phelan is research fellow at the Centre for Urban Research, RMIT University.
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/how-melbournes-west-was-greened-84700" target="_blank">original article</a>.
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How Melbourne's west was greened: RMIT

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

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Alfred Street the latest North Sydney pocket to be transformed by residential development

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."

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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.

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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.

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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."

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[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.

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