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NAME: Kevin Coppel
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POSITION: Regional Head, Asia Pacific
COMPANY: Knight Frank Asia Pacific
OFFICE LOCATION: Singapore (Knight Frank Asia Pacific is the headquarters in Asia Pacific)
How long have you been in the industry?
I have been working in the professional services sector for about 25 years, of which eight years (and counting) have been in real estate.
What’s happening in the area you specialise in?
Market performance across the Asia Pacific region is quite mixed. For example, the east coast of Australia and Japan remain strong with considerable buying interest; whilst the Southeast Asian markets are struggling.
For Asian real estate investors, there remains significant interest in purchasing trophy assets (residential and commercial) in gateway cities in the UK, US and Australia.
At the same time, technology is becoming increasingly important in everything we do, bringing about technology-enabled offices which drives activity-based working. Knight Frank Sydney has recently been transformed into a new agile workplace which we believe will create more flexibility for our staff and improve collaboration.
Describe the most interesting commercial property you have worked on?
In my role I am more focused on client relationships than individual properties or portfolios.    
What I am noticing is that our clients are increasingly regional or global in the way they operate and make decisions.  In order to serve our clients effectively, we need to be able to mirror that in terms of the way we work.
Today, Knight Frank has 417 offices across 58 countries. In Asia Pacific alone, we have 57 offices in 13 countries. Hence, it is important that the region is actively communicating and sharing information in order to increase cross-border collaboration and provide the sort of seamless service our clients expect.
What are the ingredients to being successful in your job?
My ingredient mix for success:
<ul class="ul1">
<li class="li1">Listening well</li>
<li class="li1">Patience</li>
<li class="li1">Communicate clearly</li>
<li class="li1">Ability to articulate the firm’s strategy and how each employee fits into the bigger picture</li>
<li class="li1">Project energy despite limited sleep after a long haul flight; you cannot let jetlag get the better of you</li>
<li class="li1">Not taking yourself too seriously</li>
<li class="li1">Carefully managing consumption of food and alcohol and doing plenty of exercise</li>
</ul>
What aspects of your role do you enjoy the most?
My top 3 favourites:
<ul class="ul1">
<li class="li1">Meeting with clients and visiting offices in the region to catch up with the local teams</li>
</ul>
<ul class="ul1">
<li class="li1">The privilege of travelling around the region and experiencing different food, cultures and office dynamics</li>
</ul>
<ul class="ul1">
<li class="li1">Getting home to my family after a business trip 
</li>
</ul>
Where would you invest a spare A$750,000?
I would focus on residential opportunity in “brownfield” city fringe areas likely to be gentrified, concentrating on gateway cities in Asia Pacific. 
Which football team do you support?
Many – it depends on what football code you are talking about.
My pick:
<ul class="ul1">
<li class="li1">Rugby:  NSW Waratahs and Wallabies.  </li>
<li class="li1">AFL: Sydney Swans.  </li>
<li class="li1">NFL: New England Patriots.  </li>
<li class="li1">EPL: Man Utd.  </li>
<li class="li1">League: Sydney FC.   </li>
<li class="li1">NRL:  Manly Warringah</li>
</ul>
What’s your favourite app or techno gadget?
Favourite gadget: Bluetooth headphones for jogging
Favourite app: 
Seasonal: RWC 2015 (Rugby World Cup)
All-time: My Flights (tracks all of my flights); I am also an avid user of podcasts
How do you use social media?
<ul class="ul1">
<li class="li1">LinkedIn – via sharing updates and publishing pulse posts</li>
<li class="li1">Facebook – to follow what my children are doing; but I’m not a big fan of posting </li>
<li class="li1">WhatsApp – at present, I have approximately 40 active Chats groups across work, family, hobbies and sports</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

In profile: Knight Frank Head of APAC, Kevin Coppel

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Australia’s retail industry is undergoing a period of significant change, as established retailers are forced to evolve in order to survive, according to the latest retail research from Colliers International, Game On: Retail’s new entrants flex muscle as competition grows.  
“Australia’s retail industry has been heavily concentrated and characterised by fierce competition between a few established players,” said Head of Retail at Colliers International, Michael Bate. 
“Our industry is undergoing an unprecendented period of disruption, as these established players have been forced to evolve in order to meet the changing demands of the consumer and revive profitability. 
"These changes are opening up new opportunities for the many emerging brands in Australia, who are looking to gain a foothold in an established and well-heeled market.”
According to the research, two retail segments who have undergone significant disruption are the supermarket and department store sectors.  
“The purchase of David Jones by the South-African based Woolworths chain last year has prompted a period of significant change,” said the report’s author, Daniel Lees, Associate Director of Research at Colliers International. 
“Under their new ownership, David Jones has undergone a transformation, and they are looking ahead at new opportunities, such as fresh food.  At the same time, Myer has been forced to revitalise their offering in order to stay competitive.”
The impact on the retail property sector as a result has been significant. 
Myer has decreased their property footprint in several key areas, such as Top Ryde where they are withdrawing completely.  In other centres they are reducing their footprint.  
“Myer and David Jones have been two of our most significant retail occupiers for decades,” said Mr Bate. 
“They have controlled a huge portion of the most sought-after, highest visibility retail space across the country. 
"With their rationalisation of space, comes a huge opportunity for the emerging brands to establish themselves in well-located retail spaces with good foot traffic and exceptional visibility.”
Aldi, who have been in the Australian market for more than 10 years, have expanded rapidly in recent times as such opportunities have arisen, with a current estimated market share of 11%. 
Likewise, there is speculation that global supermarket giant, Lidl, may enter the Australian market, and sourcing appropriate floor capacity will be crucial to their entry strategy. 
Having taken some of the low hanging fruit to improve sales at David Jones, Woolworths Holdings SA now sees the need to invest substantially more money in the business to build out offerings such as fresh food.
To fund this investment, it’s possible that David Jones could realise significant funds by a rationalisation of its property portfolio in Sydney and Melbourne CBDs, potentially raising up to $1 billion if air rights are fully exploited.
The sale may result in at least a partial leaseback of space from a buyer however this strategy does open up prime availability to new market entrants.  
“Our retail landscape has changed significantly in recent years, but that’s nothing on what we’re going to see in the coming years,” said Mr Bate. 
“The march of international retailers into our country is nothing new, but the second, third and fourth wave of these will continue to come.  Australia’s savvy consumers know these global brands, making their move into the Australian market an easy one.”
Brands such as H&amp;M are only making the move into the Australian market when the right floorspace opportunity comes up. 
H&amp;M’s new Sydney CBD store, in Pitt Street Mall, spans 5,000sqm and has strong visibility in a high traffic area. 
According to Mr Bate, such global retailers will form an important part of the future retail landscape.  
“Only 10 years ago, our major department stores occupied tens of thousands of square metres in our CBDs, limiting the options for other retailers.  These department stores are now savier with their space, and embarking upon multi-channel strategies to appeal to changing consumer needs. 
"This is opening up our retail industry to new players, and providing our consumers with an increased choice.” 
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New players make for retail disruption in Sydney

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Victoria's price growth has been plotted over the past decade by BIS Shrapnel in the McGrath IPO prospectus.
There is also a forecast for 2016. 
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Victoria's price growth over the past decade 2005-2015: BIS Shrapnel

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Investors are very active in Melbourne’s eastern suburbs, in particular Glen Waverley, says valuation firm Herron White Todd.
The HTW month in review suggested that typically investors in the Glen Waverley residential investment market are from overseas.
"Residential stock located within the Glen Waverley Secondary College zone and within walking distance of The Glen shopping centre and Glen Waverley metropolitan train station are particularly appealing to investors.
"This is typically due to Glen Waverley Secondary College’s academic reputation among the local and Chinese communities and the practicality of being near a major transport hub and shopping centre.
"Looking at detached housing specifically, investors can be attracted to dated dwellings in original condition on at least circa 650 square metres which may be suitable for future subdivision or redevelopment."
The HTW report goes on to state that under the Monash Planning Scheme, dwellings within close proximity of Glen Waverley Secondary College and The Glen shopping centre are typically located within a General Residential Zone Schedule 2 (GRZ2).
"The planning schedule to this zone outlines that there is no maximum building height requirement for a dwelling or residential building within the zone. This feature encourages higher density living and development in the area.
"The entry price point for a typical original single level detached brick veneer dwelling on a 650 square metre site located within the Glen Waverley Secondary College zone is around $1.3 million.
"The entry price point for a typical circa 650 square metre original single level detached brick veneer dwelling located outside the Glen Waverley Secondary College zone is around $900,000."
Typical yields for newly completed two storey brick veneer detached dwellings with a double garage range from circa 2% to 3%, says the November review.
"Typical yields for newly completed townhouses in Glen Waverley range from circa 3% to 4%.
"Typical yields for newly completed apartments range from circa 4% to 5%."
The review also notes that speculative off the plan apartments have been of considerable interest to investors in the Glen Waverley area.
"Recent apartment developments within walking distance of The Glen shopping centre have almost sold out within hours of being put to the market for sale with strong interest from investors.
"Such apartment complexes include the Galleria tower  that media reports have said sold 100 apartments in just 90 minutes in early October 2015.
"The Ikon apartment complex located directly adjacent to the Glen Waverley train station also experienced a similar rush in under 24 hours from overseas investors wanting to buy in the popular area when they were first offered to the market in 2012."
The HTW report suggests that 2015 has seen a strong increase in capital values in the area, however recent legislation changes to foreign investment regulations in conjunction with lenders tightening lending criteria to investors (both local and foreign) has led to signs of market conditions cooling in recent weeks.
However premium properties or properties which offer a point of difference are still hotly contested and achieve strong results, says the valuation firms review.
"Should a significant change in current market conditions occur whereby investor demand significantly dropped we would expect to see a decline in property values in the area, especially in those properties which have risen sharply over the past 24 month period."
 
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Signs of cooling but Glen Waverley still active investment hub for Chinese: HTW

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Valuation firm Herron Todd White's November review says that investors are considered to be moderately active in Adelaide.
"The typical demographic of an investor is hard to qualify.
"In Adelaide there is a mix of local, interstate and overseas investors.
"Interstate investors are more likely to be buying on the back of investment seminars with investment groups.
"Overseas investors from what we have seen are more likely to be involved in purchasing off the plan apartments in multi-storey developments in the CBD.
"Investors have generally purchased units as they are considered affordable and easier to manage."
The HTW report added that they are more likely to purchase in new developments along with smaller properties which are infill developments in established locations close to existing infrastructure and finally they purchase detached dwellings or have constructed dwellings in mortgage belt locations to the north and south of Adelaide.
"When it comes to detached housing investors need to work out whether they want capital growth or rental returns.
"In general they have sought new or near new properties in outer areas where there is good rental income and there may also be depreciation benefits.
"Inner ring investors are more likely to be more cashed up and rental income is not the driver for the investment decision.
"They are looking at a longer term for the investment and therefore capital growth.
"When looking at price points we have looked at inner, middle and outer suburbs in both the northern and southern suburbs to make comparison."
It goes on to suggest that outer suburbs such as Munno Para and Seaford Meadows are expanding and there has been a lot of new residential development occurring in the past few years.
"New or near new properties in Munno Para can cost investors between $250,000 and $300,000, whereas the equivalent property in Seaford Meadows can range from $400,000 to $450,000.
"Seaford Meadows typically fetches higher prices due to its proximity to the beach and the rail line which commutes residents to and from the CBD.
"We have compared markets based on standard 3-bedroom, 2-bathroom homes with one or two car spaces for our comparisons."
The month in review also noted that middle suburbs such as Mawson Lakes and Ascot Park are areas which have also had vast development occur in recent years.
"A newly built standard 3-bedroom, 2-bathroom home of similar style can be purchased for $400,000 to $450,000 in these suburbs.
"These two suburbs have been very popular with investors, particulary Ascot Park where re- zoning has meant that older trust homes have been purchased and demolished to make way for brand new medium density developments.
HTW also say that higher price points are evident in inner suburbs such as Prospect to Adelaide’s north, and Parkside to the south.
"In demand character homes are found in these localities, and we have seen an increase in price paid by investors wanting to own a piece of these niche markets.
"Recent sales for character dwellings in these areas range from $800,000 to in excess of $1 million.
"The gross yields differ when comparing properties in the inner, middle and outer suburbs."
The report suggests that investors are achieving gross yields of around 4.5% to 6% per annum in Seaford Meadows and Munno Para respectively.
"Munno Para is achieving a higher yield as the price paid for detached dwellings is lower than those at Seaford Meadows, but investors are achieving similar rent prices for newly built homes.
"Typical rent for a 3-bedroom, 2-bathroom home in these localities ranges from between $300 to $400 per week."
Middle localities are achieving similar gross yields of around 4.7% to 5.2% per annum according to the November report.
"Mawson Lakes and Ascot Park are offering investors the chance to rent properties for upwards of $400 per week, which has been very popular amongst young families and students who wish to live near the CBD but not pay premium rent prices."
The HTW report suggests however that they yields in the inner suburbs are lower than outer and middle suburbs as investors who purchase these properties are more interested in the future growth in value rather than rental returns.
"Homes in Prospect and Parkside typically yield between 3.5% to 4% per annum.
"Townhouses and Units are achieving similar yields in areas such as Mawson Lakes where the purchase of a 3-bedroom, 2-bathroom unit can achieve you a yield of around 5.2%.
"This figure was reached using sales of between $260,000 and $340,000 with rents ranging from $300 to $400 per week.
"The trend is similar in inner suburbs such as Parkside where units can fetch you a yield of around 3.8% per annum.
"This is when comparing rent prices of around $380 per week for 3-bedroom, 1-bathroom units with a value of $520,000." 
 
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Adelaide property investment mixed: HTW

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Valuation firm Herron Todd White suggests investors are attracted to the Wide Bay region due to the affordability of land, houses and units in the area.
Their recent November review notes that interstate investors seem to be attracted to new stock in outer suburbs such as Moore Park Beach and Branyan producing housing around mid to high $300,000 and obtaining rentals of around $340 to $350 per week. 
"However, these houses when offered back to the market for sale to local purchasers are not achieving original construction prices."
Sales volumes have remained steady in 2015 but values have remained static with most activity being in the sub $350,000 range.
Rentals appear to be stable with a standard 3-bedroom timber house in Bundaberg averaging $260 to $290 per week and a 4-bedroom modern brick house averaging $345 to $370 per week.
Vacancy rates are at about 4%.
HTW detect confidence appears to be growing with the current low interest rates, federal government incentives and average vacancy rates encouraging both first home owners and investors to remain in the market during 2015. 
Its prior report noted houses that were previously flooded and now fully renovated were being sold in a strengthening market.
The prior reports also noted unit sales in the Bundaberg town area had been slow. Prices range from $107,000 for a 1-bedroom, 1-bathroom renovated unit from the 1970s to a circa 2005 3-bedroom, 2-bathroom unit with 2-car built-in garage for $300,000.
The main sellers are the 2- and 3-bedroom units that range from low $200,000 to $300,000 for the 3-bedroom units.
The construction of new unit stock was described as sporadic - mainly four pack complexes with some larger ones.
Median rentals range from $225 per week for 2-bedroom units to $280 per week for the larger 3-bedroom units. Yields are around 5% 
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Bundaberg new homes cheaper when sold back to locals by interstate investors: HTW

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Lendlease have been granted permission to build again on Victoria Harbour.
The development at 1 Collins Wharf at 909 Collins Street will give the opportunity for residences to live on the waterfront.
The proposed development will feature a 28 level residential tower with 311 apartments.
The tower will be made up of 91 one bedrooms, 207 two bedroom and 13 three bedroom apartments, all featuring water views.
There will be 10 terrace houses on Collins Street featuring three bedrooms plus a home office over three levels with a roof top terrace and internal lift.
Resident-only facilities include a pool, gym, club lounge, dining room and function room.
The building is also targeting a five-star green rating from the Green Building Council of Australia after new Melbourne Kathmandu store scored the first five-star in Australia.
The development is to be designed by award winning architects Bates Smart. 
Bates Smart director Kristen Whittle said its north and south elevations maximise the double waterfront views. 
“This highly sculptured tower is fortunate to be surrounded by water; a situation completely unique within Melbourne. . 
The $6.1 billion Victoria Harbour development spans 30 hectares with 2.5km of waterfrontage, a precinct that boasts over 80 retailers and 8000sqm of community facilities.
The prices for the apartments are set to range from $465,000 to $1.5 million. The terraces, with an average size of 201sqm, will be priced around $2.4 million.
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1 Collins Wharf, Lendlease's latest residential offering

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Queensland's price growth has been plotted over the past decade by BIS Shrapnel in the McGrath IPO prospectus.
There is also a forecast for 2016. 
 
<a href="/images/2015/11/13/Screen%20Shot%202015-11-13%20at%202.12.16%20PM.png" target="_blank">Click to enlarge</a>
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QLD price growth over the past decade 2005-2015: BIS Shrapnel

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The markets of Ninety Mile Beach, Wellington, Loch Sport, Paradise Beach, Golden Beach, The Honeysuckles and Seaspray remain quiet, according to Herron Todd White's November review.
The report suggests there is more interest in established improved properties over vacant land as the Bushfire Management Overlay has added costs to new dwellings.
But they advise there has been progress for some as the Loch Sport sewerage scheme is about 30% completed.
"Initial cost is $800 for a collection tank.
"Future development will attract a connection fees of about $10,000 (in lieu of the cost of an onsite envirosep system).
"This has not influenced vacant land sales which remain in the $40,000 to $60,000 range without water views."
The report suggested that the values of residential properties are similar for all five towns and that values have been static for several years now.
"The price of an average quality dwelling in good condition without views is in the range $170,000 to $220,000, above average is greater than $220,000.
"East Gippsland investor activity in remains low with low interest rates and reasonably good rental returns not seeming to stimulate the market."
It went on to state the best returns are found in the lower brackets, say the $200,000 to $275,000 range, where gross yields are in the 6% to 7% range.
"Yields are lower for higher value ranges where for a $350,000 investment, 5% would be typical.
"Agents are reporting only a few recent enquiries from investors looking to buy."
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Gippsland offering 7% gross yields to property investors: HTW

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Investors remains active in the Toowoomba residential property market, according to valuation firm Herron Todd White's recent report.
However, the HTW report suggests the last half of 2015 has seen a stabilisation in investor driven development, "perhaps in response to reduced mining activity in surrounding areas.
"Evidence of this is that while the median house price continues to increase, the volume of house sale since the peak at the end of 2013 and start of 2014 has slowly reduced, showing early signs of a softening consumer sentiment across the market."
The report goes on to state that although investors continue to play an influential role in the level of development activity across Toowoomba, development of new units and dwellings on non-traditional small lots built to an average standard with basic to good finishes is concentrated in suburbs such as Glenvale and Kearneys Spring to the west of the CBD.
"The typical investor pool is comprised of mostly out of town investors seeking house and land packages.
"There has been a notable slowing in rental demand and a subsequent decrease in gross yields being achieved for investor product.
"As such, this may encourage the investor subset to reduce risk appetite."
Moreover, the report suggests the tightening of investor lending criteria may negatively impact the Toowoomba residential market in that the construction of new units and dwellings on non-traditional small lots in these areas is near completely reliant on investor and tenant demand.
"This is the case as the nature of these rental dominated estates or precincts is often synonymous with average street appeal and a general lack of maintenance which has traditionally deterred interest from the owner occupier market.
"In summary, it is unlikely that investor activity in Toowoomba will continue to increase at the rate seen in the previous year given the reduced mining activity in surrounding areas.
"However, while Toowoomba’s median house price remains below $400,000, the affordability of investment is likely to continue to attract some level of investor attention."
 
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Toowoomba stabilises in investor driven development HTW

ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

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The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

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Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

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