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DomaCom's Next Generation Farmers Strategy is syndicating the partial acquisition of quality agricultural properties from retiring farmers to enable the next generation to become co-farmers.
The project enables DomaCom investors to have an interest in an agricultural property which will be leased to the retiring and next generation farmer.
The initial investment under its partnership with Cultivate Farms was the Springview Eco Farm at Big Creek near Wagga Wagga, a 65 hectare <a href="https://domacom.com.au/public-crowdfunding-campaigns/rural-properties/next-generation-farmers/" target="_blank">pig farm</a>.
<div class="cq-article-content-media section">Under the arrangement, Cultivate Farms will source appropriate properties from farmers looking to retire and match these to aspiring or next generation farmers.</div>
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Each farm is held in a separate DomaCom sub-fund with investors receiving a share of the rent.
They can also benefit from any capital growth through the trading of units in the fund or when the property is eventually sold and the fund wound up.
Funds typically have a five-year term and the minimum investment is $2500.
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The AFL great and farming sector advocate Kevin Sheedy is the project ambassador.
<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/2019/11/5/Kevin%20Sheedy.jpg" alt="">
“We need to encourage the next generation to stay on the land and build a future for our country," Kevin Sheedy said.
"Through crowdfunding all Australians can now invest into farming families and regional Australia’s future."
"Some of the footy’s greatest players grew up kicking a Sherrin on the dairy farms, market gardens and sheep farms out the back of nowhere."
He added, "I struggle to see where the next generation of farmers, and therefore, AFL players will come from if it is financially impossible to own a farm.”
"The idea behind this project is to enable young farming families to get their foot on a property they can farm commercially, while at the same time enabling a retiring farmer to sell down or sell out in order to retire," said Warren Gibson, sales and marketing manager at DomaCom.
The project has a long term target return of 10% p.a. comprised of approximately 6% of capital growth and up to 4% rental income.
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Springview Eco-Farm, located in the Eastern Riverina area of southern NSW, a 2.5 hour drive from Canberra, is run by vendor, Pennie Scott, who will retain some equity via the DomaCom property sub-fund units.
The farm has an indicative value of $800,000 with a target amount of $400,000 being raised. Its indicative capital growth is tipped as 6%* p.a. with a targeted rental return of 5%* p.a.
DomaCom is Australia's leading property crowdfunder. It allows anyone to <a href="/expert-insights/crowdfunding-into-property-domacom-explains">invest a little or a lot</a> in to property investment. 
 
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j.ballantyne1990-6AQqhLzZaK

Highclere Farm the latest opportunity in Next Generation Farmer Project from DomaCom

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Three of the eight capital cities are now at the top of the retail market, with Melbourne and Brisbane joining Canberra, according to valuation firm Herron Todd White's (HTW) latest retail property clock.
The Central Coast, Gold Coast, Ipswich and Coffs Harbour also moved to the peak of market position.
Sydney remained at the approaching peak of market position this month, while Ballarat, Bendigo, Burnie-Devonport and Launceston are holding as rising markets.
Mackay joined Adelaide, among others, beginning their retail market recovery.
<a href="https://www.propertyobserver.com.au/images/2019/11/5/HTW%20Retail%20Clock%20NOV%202019.JPG" target="_blank">Click</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/11/5/HTW%20Retail%20Clock%20NOV%202019.JPG" alt="">
Geelong and Illawarra remain at the start of their decline.
There's not great news for Ballina, Newcastle, Lismore and Toowoomba, which are now declining markets, joining Echuca and Gippsland.
Hobart's retail market is still nearing the bottom of the market, as is Gladstone, South West WA and now Rockhampton.
Alice Springs joined Perth, Darwin, Cairns, Townsville, Wide Bay, and Emerald at the bottom of the market.
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Brisbane and Melbourne retail markets are peaking: HTW Retail Clock

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EXPERT OBSERVATION
In the months following the election I have given careful consideration to the current Statement on the Conduct of Monetary Policy. The Statement records the common understanding of the Government and the Governor of the Reserve Bank on the key aspects of Australia’s monetary policy framework.
The Statement has been issued seven times since 1996 and was last issued in September 2016 with the commencement of Philip Lowe as RBA Governor. During that time, changes to the Statement have typically coincided with either a change of Government or the appointment of a new RBA Governor.
Following careful consideration and consultation between Treasury and the RBA I have concluded that the existing statement is consistent with the Government’s and the RBA’s shared understanding of our monetary policy framework. Not changing the statement provides continuity and consistency at this time of global economic uncertainty. Domestic and global markets can be reassured that Australia remains a stable and predictable place to invest and do business with a proven and effective monetary policy framework.
As I have said on a number of occasions, the current inflation targeting approach has served Australia well, helping underpin our record 28 consecutive years of economic growth.
While inflation has been below the 2-3 per cent band for some time, I recognise that Australia is not alone in experiencing an extended period of low inflation, low unemployment and low interest rates. Over the medium term, inflation is expected to return to the band, consistent with the Statement.
JOSH FRYDENBERG is the Austrlian Treasurer
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Inflation target kept intact in statement on the conduct of monetary policy: Josh Frydenberg

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Jaranga, a country estate located in the heart of Lovedale's Wine Country has been listed for sale.
The country home at<a href="https://www.realestate.com.au/property-lifestyle-nsw-lovedale-700060302" target="_blank"> 42 Londons Road</a> is situated on 60 acres of grazing land. 
The cottage comprises master suite with ensuite, two further bedrooms, three living areas with one of which could be converted to a fourth bedroom, study, sunroom and alfresco 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/2019/10/30/lovedale%202.jpg" alt="">
Other features of Jaranga include in-ground swimming pool, tall ceilings, wide verandahs, double hung windows, gardens and ample shedding plus long street frontage. 
Zoned RU2, it allows extensive agriculture, home occupations and horticulture without approval and dual occupancy, tourist accommodation, restaurants and cafes with approval.
<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/2019/10/30/lovedale%203.jpg" alt="">
Jaranga is within 10 minutes drive from wineries, cellar doors, restaurants, concert venues, golf courses, schools, the Hunter Expressway and Cessnock’s CBD.
Shelly Jurd of Jurd's Real Estate Cessnock has the listing. 
It was last sold for $2 million in March 2018. 
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Jaranga, Lovedale country home listed 

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Minister for Water, Property and Housing Melinda Pavey officially opened Sydney Water’s Drought Proof Garden in Martin Place.
The Drought Proof Garden is filled with over 15 varieties of water efficient plants, all sourced locally.
“As we approach summer Sydney’s dam levels are currently sitting at 47.7 per cent and continue to drop. We want this garden to help inspire people to do their bit for the drought by saving water at home and specifically in the garden,” Mrs Pavey said.
Landscape expert and Selling Houses Australia Host Charlie Albone was also at the launch.
“I know there are thousands of Sydneysiders that love gardening as much as I do, however as we continue to face severe drought conditions it’s never been more important for us all to do our bit to save water, particularly in the garden,” Mr Albone said.
Visitors are welcome to roam the garden, take a guided tour with gardening experts, learn about the unique benefits of mulching and participate in special workshops with The Planthunter editor, Georgina Reid, to hear about the most efficient ways to water your plants.
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Drought Proof Garden unveiled in Sydney 

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<div>The Oxlade continues its sales record with this custom designed riverfront residence selling for another benchmark price.</div>
Luxurious without compromising functionality and with uninterrupted river and park views from its terrace, this courtyard residence at The Oxlade is perfectly poised to embrace all that riverfront living has to offer.
<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/2019/10/30/new%20farm%202.jpg" alt="">
Featuring its own private entry foyer, customised kitchen with Gaggeneau appliances, substantial multi-faceted living and entertaining spaces that open seamlessly onto an expansive terrace with outdoor kitchen, plunge pool and generous three car private garage with storage.
<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/2019/10/30/new%20farm%203.jpg" alt="">
It was designed by award winning architects bureau^probert.
The home is positioned within the lifestyle precinct of James Street and the newly developed Howard Smith Wharfs.
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Custom New Farm river terrace in The Oxlade sold

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Versace-loving vendors had mixed success at their weekend auctions.
Interior designer Jason Scott secured $1.045 million for his Zetland offering (pictured above) through Ray White agent Jack McGhee.
The bidding started at $900,000, before selling to a young first home buyer from Meadowbank.
The two-bedroom Joynton Ave unit cost $350,000 before its makeover into the “epitome of Versace” by Scott, who is now off to build at Richmond.
There was no Versace-styled sale sticker on another scheduled weekend auction listing at Casula. John and Debbie Tsikouris estimate they spent $380,000 on their Versace inclusions.
“It’s a show home — you either love it or you hate it,” John said during its marketing. “It has taken a lot of hard work … we will be sad to see it gone.
“My wife and I are Versace fanatics.”
LH Hooker listing agent Ilce Dimeski advised a $1.35 million pre-auction offer had been made, with negotiations continuing to secure the $1.55 million asking price.
This article first appeared in the Daily Telegraph.
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Versace covered Zetland apartment sells for $1.045 million

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Sydney cheapest weekend offering was a shop-top residence at Birrong, not far from the railway station.
The $425,000 property came with a retail premises plus a two-bedroom space above.
Julie Grigg at Response Real Estate Riverstone marketed the Hudson Pde property as an ”opportunity for savvy investors or one with a keen eye for development”.
The abandoned shop on the 186 sqm block last sold in 1976 for $24,000.
Sydney’s top weekend result was at Cremorne where $7.32 million was paid for a four-bedroom contemporary home just above Primrose Park.
Vendors Cate and Torod Holst had commissioned Goran Stojanovic of X.PACE Design Group to design the 2013 home with filtered views of Willoughby Bay.
It sold through Di Jones Lower North Shore, who had a $6 million guide when it was the Mosman Daily’s House of the Week last month.
Sydney’s weekend’s median auction price was about $1.5 million.
This article first appeared in The Daily Telegraph.
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Birrong home ranked as Sydney's cheapest weekend sale at $425,000

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The NSW Government is working to remove the levy on asbestos waste to make it easier and cheaper to lawfully dispose of asbestos waste.
Environment Minister Matt Kean has released the NSW Asbestos Waste Strategy 2019-21, which aims to reduce the illegal and improper disposal of asbestos waste.
The strategy was developed following research which showed that asbestos waste accounts for up to eight per cent of illegally dumped waste across NSW. 
“Illegally dumped asbestos poses a threat to human health and our environment and results in significant clean-up costs,” Mr Kean said.
“The safe and lawful management of asbestos waste is a priority for this Government and that means making legal disposal of asbestos waste easier and cheaper."
“To do this, we will work to increase the number of facilities which can lawfully receive asbestos waste and make it cheaper to dispose of asbestos by removing the waste levy on separated, bonded and wrapped asbestos waste up to 250kg," he added.
The maximum penalties for illegal dumping of asbestos in NSW is $2 million for corporations and $500,000 for individuals.
NSW waste facilities that accept household asbestos from the public are listed by region <a href="https://protect-au.mimecast.com/s/KGGhCr818vhXwoxXu7wD5j?domain=epa.nsw.gov.au" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/KGGhCr818vhXwoxXu7wD5j?domain%3Depa.nsw.gov.au&amp;source=gmail&amp;ust=1572993128536000&amp;usg=AFQjCNG2wu2ttpSK-KcpyS4I1unO1Z14Qw">here.</a>
The community is invited to view the strategy <a href="https://www.epa.nsw.gov.au/your-environment/waste/industrial-waste/asbestos-waste-strategy" target="_blank">here</a>.
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New rules planned for NSW asbestos waste removal

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The cost of land is one of the main components in determining the price of a new home, according to HIA Economist Angela Lillicrap.
The recent HIA-CoreLogic Residential Land Report provided updated information on sales activity in 46 markets across Australia, including the six state capital cities.
“While land prices have come down during 2019, over the last decade the price of new residential land per square metre in Sydney has doubled and more than doubled in Melbourne,” added Ms Lillicrap.
“A shortage of land is one of the factors that has driven home prices to increase over the past decade. The process of making land ‘shovel ready’ can often last a decade, therefore, responding to shortages cannot be met with increased supply in the short term. An adequate supply of land is required to avoid a deterioration in affordability.
“If the Australian dream of home ownership is to remain achievable, governments must work with industry to ensure that there is an appropriate supply of land. Improving the monitoring and reporting of the land supply pipeline will enable government and industry to make well informed decisions,” concluded Ms Lillicrap.
CoreLogic’s head of research, Tim Lawless, highlighted that land values had slumped across the most expensive markets over the past year. 
“The rate per square metre of vacant land in Sydney was down 12.6% over the 12 months ending June 2019 and Melbourne land prices were down 7.6%. 
Prices were also down in Adelaide (-12.0%) and Brisbane (-4.6%). 
Lower land prices should provide further support for housing affordability in these markets, however in Hobart and Perth land prices were higher.
“Hobart land prices have rocketed 20.3% higher over the year ending June reflecting tight supply against a backdrop of strong demand. 
"Despite the significant rise, Hobart is still showing the lowest median land price amongst the capital cities at $180,000 and the largest median land area at 624sqm.”
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Sydney vacant land rate per square metre down 12.6% annually: HIA

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

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<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

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Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

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Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

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More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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