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The superannuation fund, First State Super, has agreed terms on a new lease at Forest Hill in Melbourne’s eastern suburbs in a deal brokered by Savills Australia.
Located within the Brentford Square shopping centre at <a href="https://www.realcommercial.com.au/property-retail-vic-forest+hill-501470823" target="_blank">502 Canterbury Road</a>, First State will take over the 277 square metre tenancy vacated by NAB which had held the lease for more than 20 years.
Savills’ Victorian retail director, Michael Di Carlo negotiated the deal with Jeremy Marmur and Jock Thomson.
First State is believed to have agreed on a rental equating to more than $150,000 per annum on a five year term.
Mr Di Carlo said First State had been in the market for a property which provided exceptional exposure to both main street frontage and to a well-established retail precinct.
The lessor is a Melbourne based investor.
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j.ballantyne1990-6AQqhLzZaK

First State Super takes over NAB Forest Hill space

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Savills Australia is marketing a substantial cold storage facility with potential redevelopment and land banking upside at Mulgrave in Melbourne’s south-east. The property will be sold by expressions of interest closing October 29.
It is expected to fetch more than $8 million.
Located at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-mulgrave-501705993" target="_blank">769-781 Springvale Road</a>, the property comprises a 5500 square metre building, including freezer, chiller and cool rooms, on a 15,900 square metre site zoned Special Use Zone 6.
The property is situated close to the M1 Freeway and within a sought after industrial precinct including BMW’s Headquarters, Peters Ice Cream, Catch of the Day, and Monash University.
Savills’ directors Kosta Filinis and Lynton Williams said its represented a seldom offered opportunity to take advantage of a scarce refrigeration logistics facility with redevelopment upside enhanced by quick access to Melbourne’s premier freeway network.
Mr Williams said the market for industrial properties at the moment is very strong due to a number of factors including low interest rates, the lure of relatively good industrial yields and the volatility of share market investments.
"What has also been a driver in the sub-$10 million sector is the rise of the self-managed super funds which have increasingly been drawn to industrial investments,’’ Mr Williams said.
The property will be offered with vacant possession by vendor, national distributor of dry, dairy, frozen, smallgoods and accessory products, Superior Food Services.
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Mulgrave refrigerated logistics facility to fetch $8 million plus‏

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A KFC restaurant outlet on Ocean Parade at The Entrance recently sold for $3,925,000 through Burgess Rawson agents Darren Beehag and Dean Venturato.
The store has operated in the same location for over 45 years. 
The modern building has a drive thru and on-site parking.
Marketed with a 10 year lease from August 2008, the property sits on strategic <a href="https://www.burgessrawson.com.au/2P1021#.Vgtb4t4bSkg" target="_blank">1,069 sqm land with 60 m corner frontage</a>.
The area has seen a growth in population, boosted by new high-rise residential developments.
It was sold with a $197,080 pa net income, marketed as having an unrivalled location, with limited nearby competition.
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The Entrance KFC outlet sells for $3.9 million through Burgess Rawson

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A commercial property leased to ANZ in Rockdale has sold for $3.4 million at a recent auction.
The Princes Highway property is adjacent to Westpac and CBA branches.
ANZ are long standing occupants of the building offered <a href="https://www.burgessrawson.com.au/buying/NSW/St-George/Rockdale/Retail/2P1019" target="_blank">481 Princes Highway</a> with lease to May 2018 with extension options to 2025.
Marketed with a $152,590 pa net income, there will be annual rental increases with tenant paying outgoings.
The property occupies a wide Princes Highway frontage with rear lane access and on-site parking for up to five cars.
Surrounded by high density residential development with Rockdale train station and bus interchange located directly behind.
Simon Staddon of Burgess Rawson sold the listing.
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Sydney metro bank investment sold for $3.4 million

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The Sydney city centre continues to boast the lowest office vacancy rate of any CBD in Australia with strong demand coupled with limited net supply lowering vacancies to just 6.3%, says Ray White Commercial.
Ray White commercial office leasing director, Anthony Harris, said the total Sydney CBD office market has delivered tremendous results with low vacancies and high tenant demand translating into improved rental growth.
“Currently the total vacancy rate is 6.3% including a small sublease factor of 0.4%,” Mr Harris said.
“The Sydney CBD office market currently has 311,678 sqm vacant, which has shown a strong absorption rate of 60,405 sqm for the six months to July, 2015. This is the third consecutive six month period of net absorption of more than 50,000 sqm.
“Coupled with net supply over the last 18 months of just 5,485 sqm, this highlights the rebound in white collar employment and business confidence. Technology continues to be a driving force for new tenancies within the CBD, while finance and professional services have also increased their footprint on the city.
“The greatest demand has come from the Core and Midtown precincts which yielded a 36,926 sqm and 18,061 sqm respectively increase in occupied stock over the last six months.”
But Mr Harris said high supply projections over the next few years could dampen the current positive results.
“While the net supply position has aided in the reduction of the overall vacancy rate, this trend is about to change with the anticipated completion of 670,000 sqm of new office stock over the next three years,” he said.
“Although withdrawal of stock will continue for refurbishment, this supply will subsequently come back on line with only limited stock being removed completely from the office count.
“The most anticipated completions are International Towers with the first completion (Tower 2) due in early 2016 (87,500 sqm) with the remainder of the office properties on this site expected to be completed by mid-2017, adding 179,000 sqm.”
Ray White commercial office leasing director, Jeremy Piggin, said the Sydney CBD has been in a period of stability in rents since 2010.
“Over the last two years there was a slight pick-up in the face rents,” he said.
“The prime market has shown a greater increase given the tight vacancy environment and for the first time since the GFC period incentives have started to show greater downward momentum, now averaging in the 25-30 per cent range.
“This has had a positive effect on the effective rental position which has recorded growth over the past year of 9.4 per cent in the prime market.
“However, for this end of the market there is a greater emphasis by businesses to provide greater wellbeing features for their staff. Those properties which offer access to better quality services will continue to be highly sought after.”
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Sydney CBD office vacancies still lowest in Australia

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Last month a new $84 million, 140 apartment project in the Melbourne inner suburb of Richmond was launched simultaneously in Beijing, Shanghai, Singapore, Kuala Lumpur and Malaysia.
The strategy for the pre-launch was to create ‘the excitement of auction day’ in each location, and thus stimulate maximum buyer demand and competition for apartments. 
International property marketers Jalin Realty was the sales agency behind the move, using the sales platform <a href="https://investorist.com/" target="_blank">Investorist.com</a>.
Buyers and agents were invited to live launch events in each city, hosted by Jalin staff. 
The Investorist website displayed all project information (photos, plans, brochures, pricelists, reservations updates, videos, etc) on both large TV screens and computer monitors.  
A ‘live electronic sales board’ showed reservations immediately to the entire audience, so all sales were transparent with the country of origin shown.
The five simultaneous events resulted in reservations of approximately 30% of the stock, which within a few weeks were converted into contracted sales.
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Innovative technology behind simultaneous launch of Melbourne project in five Asian cities‏

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The performance gap between quality apartments and investment-grade product will continue to widen as developers respond to declining rental growth, according to leading property firm, Mosaic Property Group.
Managing director, Brook Monahan said despite doom and gloom on rental growth figures, quality over quantity will always reign supreme in responding to the highs and lows of property market cycles.
“Rental growth has now slowed to a 20-year low as rental supply in the capital cities rises,” Mr Monahan said.
“The latest CoreLogic RP Data figures show the year on year growth in asking rents fell to 0.7% from 0.9% in July, the lowest since records started in December 1995.
“If you are investing in property, then there has never been better proof that you need to stand out from the pack, as increased supply and declining population growth influence Australia’s rental market.
“We strongly believe that there remains – and will continue to remain – a massive flight to quality in the next stage of the Brisbane residential cycle.
Mr Monahan said rental success on Mosaic’s newest completed project, Cove on Camborne, demonstrated that well researched, individually designed properties continue to deliver strong yields in a slowing rental market.
“There is a large gap in quality across different product being delivered to the market,” he said.
“Mosaic’s property management experts successfully tenanted 100% of investor-owned apartments at Cove on Camborne in Alderley prior to settlement, for above market rent and with over performing gross yields.
“This could only be achieved through a mandate for quality developments and use of in house construction and property management teams to ensure our development ethos is carried throughout the project life cycle."
Mr Monahan said Mosaic Property Group retains long-term property management rights on all of their developments, helping to achieve higher rental returns for their clients by maintaining control over all aspects of the development.
<img src="/images/rental%20returns.png" alt="">
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Quality over quantity key to unlocking 20-year rental low

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Geoff Baldwin of RE/MAX Lighthouse Realty Western Australia suggests the time is right for opportunistic buyers in Western Australia looking to secure value.
As the real estate market moves into the annual Spring/Summer resurgence there remains a window of opportunity to take advantage of some great buys, especially in the middle to upper price ranges with the Northern suburbs standing out according to RE/MAX WA managing director, Geoff Baldwin.
“Homes in suburbs like Ocean Reef, Connolly, Iluka, Currambine, Burns Beach and Jindalee are all selling well below what they would cost to buy land and build and the added bonus is that the owners of these properties have invariably added extra value by way of pools, pergolas, solar boosters, etc that they tend to discount at sale time”, he said.
“It is also a fact that people selling lower priced properties are not having to drop their prices by near the percentage that is happening further up the market and this means they have a window of opportunity to upgrade that will only remain open for a limited time.
“Properties along the coast that were selling for over a million dollars are now going for high eight hundreds to early nine hundreds and buyers are now really beginning to recognise this value.
“Upgraders should not hesitate to consider making offers subject to the sale of their present property provided the owners of the one they are buying are willing to give them time to sell however this will always depend on how saleable their current home is made.
“This irregularity in the market is primed for upgraders to take action however it will not exist for a long period because, as the weather heats up so too will the market with the result that stock levels will reduce and prices will bounce back quickly”, Mr Baldwin said.
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Price drop opportunity in Western Australia

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Buyers are jockeying for prime real estate in Hendra, as old horse stables are replaced with million dollar homes - with boutique builder, Bold Group of Companies, constructing nine new homes within a five street radius in the suburb.
Bold Group director Brett Boulton said he was also finalising contracts to start work on a further six homes as demand for Hendra surged.
Mr Boulton said the suburb had become a hot spot for buyers subdividing and knocking down old properties to build prestige homes that benefited from a position just eight kilometres from the CBD.
He said new development in the pipeline, including the redevelopment of the Eagle Farm and Doomben racing precincts, was also luring buyers.
"Homes are often selling before they even go to the market and it can be so hard to get in that you almost have to know the real estate agent to secure a property."
Figures sourced from RPData show the median price of homes in Hendra was more than $830,000 and the suburb had experienced growth of 11% over the past 12 months, compared to the Queensland average of 3.74%.
Bold Group of Companies was established in 2010 and is set to build 200 homes across Brisbane, the Sunshine Coast and Ipswich this year alone.
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New homes off and racing in Hendra‏

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Colliers International has sold a flexible office and warehouse site in Malaga to a local investor for $2.7 million, representing a 6.7% yield.
The property, at 329 Victoria Road, is on a 3,547sqm parcel of land, including 1,771sqm warehouse, offices and showroom space.
Located 11km north-east of Perth, the property attracted strong bidding from investors, which resulted in the low yield.
Colliers International director industrial agency Raj Singh said the competitive bidding demonstrated the ongoing demand among small to mid-sized investors for well-located, securely leased industrial sites.
“We had over 30 enquiries on this property and five serious bidders competing for the site,” Mr Singh said.
“It shows the high interest that is out there for leased properties, especially those in modern warehouse style where there is a potential for flexible or multiple uses such as manufacturing and logistics.”
The property has a five-year lease to a manufacturing company that makes motorised blinds with a five-year option, but could equally be used as a logistics depot given the configuration of buildings and access to Victoria Road.
Mr Singh said logistics sales were proving to be star performers in the industrial space, and having a flexible site allowed for purchasers to future-proof their investment.
“Transport and logistics has emerged as the area making big demands on Perth’s industrial space, underpinned by the need to ship retail goods to shopfronts or direct to consumers,” he said.
The property was jointly sold by Mr Singh and Colliers International industrial executive Jeremy Parasiliti.
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Malaga manufacturing asset attracts strong bidding

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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

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.

[smartcode_project:default project_id=149637 project_image_fid=351027]

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.

[smartcode_project:default project_id=149637 project_image_fid=351031]

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.

[smartcode_project_cta:default project_id=149637]

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] 
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<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] 
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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]

Staff reporter

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