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Abbie Galvin has been appointed as the 24th NSW Government Architect. 
She replaces Peter Poulet who left the role after being appointed as the new Central City District Commissioner for the Greater Sydney Commission.
The Government Architect’s role has evolved over time and Ms Galvin will have responsibility for championing design excellence across the State, as well as shaping quality places and public spaces and collaborating with agencies, councils, industry and community. 
Ms Galvin brings to the role international and Australian experience, a focus on design excellence and public spaces.  
“I am passionate about taking on this role at a time when NSW is going through such dynamic and far reaching change,” Ms Galvin said.
“It is an honour to have a position at the table to help shape the future of our State and I look forward to working with the Minister and our communities to achieve significant outcomes.” 
Ms Galvin has worked on a range of high profile projects both in Australia and in Hong Kong as a Principal and Director of BVN, one of Australia’s largest and most highly acclaimed architectural practices. 
The Planning and Public Spaces Minister Rob Stokes made the appointment. 
“I’m delighted Ms Galvin will be our new Government Architect and the first woman to hold the position since it was created more than 200 years ago,” Mr Stokes said. 
“The Government Architect has been one of the State’s most prestigious roles since it was established in 1816 to shape cities, towns and communities right across the State. 
“From the Hyde Park Barracks designed by Francis Greenway, to the Sydney Observatory by Alexander Dawson, our Government Architects have been behind some of our most iconic buildings.” 
 
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Abbie Galvin appointed the 24th NSW Government Architect

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Wendy Moore has announced her departure from Seven’s House Rules, just two weeks aft she'd indicated she'd be back.
Moore’s announcement came just months after House Rules host Johanna Griggs announced her departure.
“After seven incredible years on the amazing show that is House Rules, it is time to say goodbye,” Moore posted on social media on the weekend.
“I have loved every single moment and am really proud to have worked on a show that has literally changed lives and inspired us all to take on big, scary challenges. I have made so many friends, seen so many parts of Australia and learnt so much that I will always be grateful to Channel Seven for.”
Moore paid tribute to her colleagues on the program, starting with Johanna Griggs and then also Laurence Llewelyn-Bowen, Joe Snell, Drew Heath, Carolyn Burns-McCrave and Jamie Durie.
She has an off air executive role at the Network as general manager of Foxtel's Lifestyle brands.
Earlier this year Moore departed Pacific Magazines where she was general manager of homes and food for three years, after 12 years at the group.
“Of course it’s always sad to see the end of such a great experience, I guess you could call this the #sevenyearitch – it’s definitely time, and my new role heading up the Lifestyle Channels Foxtel has been an absolute whirlwind over the last six months and I know it’s just going to get bigger and better as all of our new shows start rolling out next year.
“And just quietly, I’m pretty excited at the thought of a whole, uninterrupted, summer with my family for the first time in seven years!
“Thank you to everyone who has watched House Rules over the years – I’ll be watching season 8 along with you next year!”
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Wendy Moore to depart Seven’s House Rules

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A Palm Beach chic-style home with ocean views has hit the market. 
Set on an 824sqm block, the tri-level home at <a href="https://www.realestate.com.au/property-house-nsw-palm+beach-132032698" target="_blank">19 Ralston Road </a>offers a highly functional floorpan. 
The main level comprises master bedroom, large living area, separate dining, modern kitchen and covered terrace with views.
There is another master suite on the top floor with fireplace, which leads to the garden courtyard. 
<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/2019/9/25/palm%20beach%202.jpg" alt="">
Downstair areas come with second living room with kitchenette and two double bedrooms.
Other features of the home include Saturnia stone, air conditioning, wine cellar and plantation shutters throughout. 
<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/2019/9/25/palm%20beach%203.jpg" alt="">
The property has been scheduled to go under the hammer on October 30. 
Peter Robinson of LJ Hooker Palm Beach has the listing. 
 
 
 
 
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Ralston Road, Palm Beach chic-style trophy home with ocean views listed 

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Whilst there are obvious fundamentals that appeal to all sectors of the property market, many aspects that appeal to first home buyers may not be as important to upgraders or prestige end buyers, according to the latest Herron Todd White (HTW) residential report. 
The report notes along the coast it may be proximity to the beach or harbour, whereas on the fringes it might be the size of the block of land or the level of accommodation.
"Generally, first home buyers are looking to enter the property market at the affordable end of the market."
"This will mean making certain sacrifices in regard to location or size and condition of improvements. Despite this, there are still fundamentals that will attract these buyers," the valuation firm said.
Within inner-city Sydney, owner-occupiers at the cheaper end of the market (generally being sub $1 million) are looking for proximity to lifestyle amenities.
This market purchases one and two- bedroom units, often without parking in older to semi-modern complexes in average condition.
This demographic primarily comprises 20- and 30-something, young professional couples and singles who are happy to pay a premium to be within close proximity of the CBD in order to reduce their commute time and improve their work life balance.
"In turn, they often seek proximity to public spaces such as parks, for example Moore Park, Prince Alfred Park or Rushcutters Bay Park, and social and dining hubs such as Surry Hills or Potts Point," the valuation firm said. 
Since many go without cars, proximity to public transport is essential, whether that is a major thoroughfare such as South Dowling Street or Oxford Street for frequent bus services, or a train station for access to the CBD and surrounds such as Redfern, Kings Cross or Central.
"The main fundamental for first home buyers in Western Sydney is the same as for upgraders and prestige buyers - location, location, location!" the valuation firm stated. 
Whilst that won’t necessarily mean close proximity to the CBD, it will still mean proximity to services and transport.
The type of asset that first home buyers will be looking at will be the major difference.
First home buyers in Western Sydney these days are generally buying property sub-$650,000.
"For that sort of money, you are buying a modern two- bedroom unit in a north-western suburb such as Castle Hill, or a detached house in the outer west suburbs such as Blacktown or Penrith.
"Being close to motorways and rail, but not too close, is key for commuting western Sydney residents," the valuation firm said. 
Affordable property with close proximity to major services such as shopping and transport links for the sub- $650,000 price range will generally be medium to high density real estate.
An example is the recent sale of a modern two-bedroom, two-bathroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nsw-castle+hill-130391354" target="_blank">153/23 Crane Road, Castle Hill</a> (pictured below) for $650,000.
This unit is within walking distance of Castle Towers shopping centre and the newly constructed North West Metro station.
 <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/2019/8/27/castle%20hill.jpg" alt="">
Given the cost of detached dwellings in the local area, units such as these are popular with first home buyers due to having the right balance of proximity to key services and price point.
For slightly less at $635,000, first home buyers can purchase a modern three-bedroom, two-bathroom terrace in the Thornton Estate in Penrith.
This property is within close proximity of Penrith train station and shopping precinct.
The report suggest for first home buyers with a little more to spend and with the need or want for a house on a good size block of land, there are opportunities available in good suburbs in the middle ring of Sydney.
Peakhurst is located around 20 kilometres to the south-west of the CBD and is close to two train lines and the M5 motorway.
The downturn in prices over the past two years has made Peakhurst an attractive option for those looking to buy a property with a budget of under $1 million.
A recent deceased estate sale at<a href="https://www.realestate.com.au/sold/property-house-nsw-peakhurst-131280630" target="_blank"> 11 Clarendon Road</a> (pictured below), located within walking distance of Riverwood railway station and shopping strip, saw a two level, 1960s brick and hardiplank dwelling with four bedrooms, two bathrooms and double carport on 531 square metres of land.
The property was in very basic condition with some upgrades or renovations required, however provided good entry level value at $825,000.
<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/2019/8/27/peakhurst%20.jpg" alt="">
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What first home buyers are looking for in Sydney: HTW residential

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Whilst there are obvious fundamentals that appeal to all sectors of the property market, many aspects that appeal to first home buyers may not be as important to upgraders or prestige end buyers, according to the latest Herron Todd White (HTW) residential report. 
The report notes along the coast it may be proximity to the beach or harbour, whereas on the fringes it might be the size of the block of land or the level of accommodation.
Upgraders are generally looking to upsize due to growing family needs or looking to relocate to something more modern or better located to the services and amenities that appeal to them.
Within inner city Sydney, owner-occupiers deciding to upgrade generally spend $1 million to $3 million and are looking for larger apartments or terrace housing within the city fringe areas, preferably with some outdoor space for family or pets. 
Areas such as Paddington, Redfern and Glebe are common choices for this demographic, comprising of professional 30- to 40-something couples often with one or more children.
Aside from the previously mentioned benefits of inner city living, this demographic often looks for properties affording car accommodation for the convenience of occasional car use, however within village settings such as the previously mentioned areas, most local shops, schools and amenities are within walking distance.
The inner west region of Sydney is a large and diverse area which ranges from the inner suburbs of Newtown, Glebe and Balmain and stretches as far as Strathfield which is located approximately 15 kilometres from the CBD.
Some of the middle ring suburbs of the inner west include Annandale, Leichhardt and Lilyfield which comprise a range of property styles and are located approximately five to ten kilometres from the CBD.
"Most upgraders in this area would be looking at either attached style housing or freestanding properties with a price tag of anywhere from $1 million to $2 million depending on the usual property attributes such as location, size of dwelling and land, condition, features, parking provisions, views or aspect and natural light," the valuation firm commented. 
More substantial properties in this region easily exceed the $2 million dollar price point, however there is plenty of choice for upgraders in this range.
This market segment is potentially upgrading from a smaller style unit and needs more space for a growing family, however still wants to be close to the city and have the benefits of transport, parks and the café lifestyle.
In addition to the property attributes already mentioned, these buyers tend to focus on proximity to transport (railway, light rail and bus routes), schools, shopping, cafes and parks.
This particular market segment is generally aged from 30 years old and above.
A terrace at <a href="https://www.realestate.com.au/sold/property-house-nsw-lilyfield-128571350" target="_blank">15 Justin Street, Lilyfield </a>(pictured below) which sold in May for $1.415 million was advertised with the following features highlighted:
"Set on a generous block complete with child- friendly level lawns, it features an abundance of outdoor entertaining space, nestled in a quiet street just 500 metres walk to Lilyfield light rail station.
"Nestled in a quiet yet superbly central location, offering easy access to the CBD only five kilometres away, from here you’re only moments from Rozelle’s cosmopolitan café/dining precinct and harbour foreshore parks."
<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/2019/8/27/lilyfield%20.jpg" alt="">
In the Northern Beaches, it is no surprise that upsizers require additional space for their growing families, so the size of their family and their financial situation will ultimately dictate the options.
Location will generally take priority over quality of finishes and land component, as they are generally well established in their local communities and wish to remain as close to their current local facilities as possible.
The upsizer market is typically within the $1.5 million to $3 million range, depending largely on the location, size and quality of accommodation.
"It’s genuinely a good time in the market to upsize, as the discount on the property you are acquiring is generally greater than the discount on your existing property.
"We have seen a few recent examples of young families in the $900,000 to $1.2 million range looking to upgrade from their current two or three bedroom strata properties in Dee Why into larger, family friendly four-bedroom homes in Narraweena and Cromer," the valuation firm said. 
A recent example includes <a href="https://www.realestate.com.au/sold/property-house-nsw-cromer-131153870" target="_blank">42 Carcoola Road, Cromer</a> (pictured below) which sold for $1.69 million.
The property comprises a circa 1980s, renovated, two storey, four-bedroom, three-bedroom dwelling with in ground pool on 610 square metres, marketed and suited towards a growing family.
<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/2019/8/27/cromer%20.jpg" alt="">
Another recent example is <a href="https://www.realestate.com.au/sold/property-house-nsw-mona+vale-125000650" target="_blank">9 Siobhan Place, Mona Vale</a> (pictured below). 
The property sold for $2.006 million in June 2019 (previously sold for $2.101 million in April 2017).
The property comprises a renovated, two storey, four-bedroom, two-bathroom home with an outbuilding on 696 square metres of land.
The home is well-proportioned for an extended family and moments from Mona Vale village.
<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/2019/8/27/mona%20vale.jpg" alt="">
"We are also seeing an Influx of properties catering for multi-generational living (where more than one generation of adults occupies the same residence), whether that be via an internal self-contained or in-law style retreat or a dual-occupancy style holding.
"These are becoming a popular way to cost- effectively upsize your property by co-living with extended family." 
A recent example is <a href="https://www.realestate.com.au/sold/property-house-nsw-mona+vale-130557266" target="_blank">50 Maxwell Street, Mona Vale</a> (pictured below), having received strong interest from extended families.
The property sold for $2.22 million in June 2019 (slightly above the $2.2 million price guide).
The property comprises a circa 1950s, renovated, four-bedroom, two-bathroom dwelling with a detached two-bedroom, one-bathroom granny flat.
<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/2019/8/27/mona%20vale%202.jpg" alt="">
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What upgraders are looking for in Sydney: HTW residential

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Buyers in the prestige end of the market are generally looking at high-end finishes, views and proximity or frontage to the harbour, rivers or beaches, according to the latest Herron Todd White (HTW) residential report. 
The report said the rise of prestige units is also becoming popular amongst older prestige buyers looking to downsize out of the family home.
Within inner city Sydney, owner-occupiers in the prestige market segment generally spend in excess of $3 million and are looking for premium apartments and terraced or detached dwellings within the city or city fringe areas.
This demographic largely comprises of high income 30 plus year olds and high net worth individuals.
The range of factors impacting purchasing decisions within this market is large and varied.
"Generally, the more resilient properties incorporate some combination of an above average sized land component, views, car accommodation and period appeal," the valuation firm stated. 
"This demographic is particularly prominent in the inner eastern corridor of the city fringe (such as units around Hyde Park, Macquarie Street, Potts Point and along the harbour) as well as in terraced and detached houses in the suburbs of Paddington and Woollahra."
Buying a property with these factors in mind would ensure resilient pricing in calmer market conditions and premium results in stronger markets, HTW said. 
"When it comes to the prestige sector of the market on the Lower North Shore of Sydney, the list of must-haves can become very long and understandably so considering you are paying $5 million-plus for such a property.
"In saying that, like every price point in the market, there are limitations to what you can expect and sacrifices to make depending on price point."
There has been a good amount of recent sales activity in the prestige sector of the market in Northbridge on the Lower North Shore.
This is popular due to its central although secluded positioning and proximity to multiple highly-regarded schools.
The majority of purchasers in this area are families and therefore their property demands are very specific.
Fundamental must-haves for purchasing a prestige style home in Northbridge include a large quality family home comprising four to five bedrooms, multiple bathrooms and en suites and a high level of fit-outor recent renovation works for older, period style homes.
In addition to the must-haves of the residence, ancillary improvements are also very important, with a swimming pool and landscaped grounds highly sought after at this end of the market.
The consequence of the above mentioned must-haves is the need for an adequate amount of land to incorporate the improvements and this is usually in excess of 600 square metres.
An example of such a home is the recent sale of<a href="https://www.realestate.com.au/sold/property-house-nsw-northbridge-130696202" target="_blank"> 2 Dorest Road, Northbridge</a> (pictured below) which sold in April of this year for $5.12 million.
This is a completely renovated, high quality circa 1940 residence comprising five bedrooms and three bathrooms with an in ground swimming pool surrounded by landscaped grounds and situated on 746 square metres of land.
<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/2019/8/27/northbridge.jpg" alt="">
"This type of property ticks all the boxes for this sector of the market and provides an excellent example of the type of property demanded by these purchasers," HTW said. 
"In addition to the must-haves discussed above, there are always the would-like-to-haves which every potential purchaser desires and hopes to obtain at their price point."
In the suburb of Northbridge, the two attributes potentially available are water views and, less common, waterfront allotments.
The report suggests waterfront properties usually come at a significantly higher price point, although some steeply sloping sites with limited direct waterfront access may be available.
More common would-like-to-have attributes are water views, always dependent on the aspect and elevation of the property which can vary greatly.
Although expansive Middle Harbour and bay views are scarce, restricted and filtered water views are rather common and can be an added bonus and selling point for a prestige property in the area.
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Lower North Shore prestige buyers looking for family homes: HTW residential

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Credit growth was anaemic in mid-2019, with housing weak in the wake of the sharp downturn and with business hitting a soft spot around the time of the Federal election.
More forward to August and credit growth remains weak despite the lift in new lending for housing in response to interest rate cuts. The reason for this apparent puzzle is that mortgagors repayments take a little time to adjust to the lower rates - as discussed below.
Total credit grew by 0.2% in the month of August, matching the average monthly outcome for the year to date. The mix was: housing +0.17%; business 0.2%; and personal -0.2%.
Annual credit growth has slipped below 3.0%, to 2.9% in August - the softest outcome since mid-2011.
Credit growth has progressively eased since expanding by 6.6% in 2015, with growth moderating to 5.6% in 2016, +4.8% in 2017 and +4.3% in 2018.
Key to this trend has been the housing sector. Housing credit growth has moved lower over recent years: from 7.4% in 2015; 6.3% in both 2016 and 2017; to 4.7% in 2018. The latest annual reading is 3.1%, the weakest in the history of the series (dating from the late 1970s) - the previous low was 4.4% in 2013.
In 2018, the housing sector downturn accelerated as lending conditions tightened further and as investors pulled-back. New lending contracted by 5.8% in the six months to June and then fell by a sharp 15% in the six months to December. The downturn broadened to owner-occupiers, with finance to this segment 2% lower in 2018H1 then down 14.3% over 2018H2.
More recently, new lending for housing has turned the corner - with a rebound in June and a jump in July. Sentiment has bounced following the May 18 Federal election, with the return of the Coalition government. The RBA lowered rates in June and again in July, with additional cuts likely, and APRA has eased mortgage serviceability assessments.
A lift in new lending will see housing credit growth strength over the coming months. However, over the past three months, housing credit has been choppy with repayments yet to be adjusted in recognition of the lower interest rates. That means that principal is being repaid more quickly - which acts to slow credit growth.
Momentum in housing credit, the 3 month annualised growth pace, is 2.5% currently, moderating from 6.7% in mid-2017. By segment, 3 month growth is 4.4% annualised for owner-occupiers and -0.9% for investors.
Turning to business credit, this grew by 3.4% over the past year, up from 3.0% for 2017 but still representing a moderation from gains of 6.4% in 2015 and 5.4% in 2016.
In 2019, business credit has hit a soft spot, with growth slowing to 2.1% annualised over the past 6 months. A key was the temporary impact of additional uncertainty around the time of the May Federal election. This mirrors the experience of the July 2016 Federal election.
At the same time, the economic backdrop has become more challenging, the global economy is slowing and domestically household spending is soft. In this environment business investment in the real economy has lost momentum across the non-mining sectors - which will tend to weigh on credit growth.
ANDREW HANLAN is a senior economist for Westpac
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Credit growth anemic in mid 2019: Andrew Hanlan

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The oldest family-owned grape grower in the Barossa Valley, Schild Estate, has sold its Ahrens Vineyard.
Set in Lyndoch, South Australia, a neighbouring wine producer, Kies Family Wines, secured the purchase.
The 32-hectare vineyard on Hermann Thum Drive is planted with 20 hectares of shiraz and 8 hectares of cabernet sauvignon grapes.
It was one of 12 vineyards owned by Schild Estate, which is run by Ed Schild and his son Michael.
The family’s vineyard portfolio also includes a patch of 170-year-old shiraz vines that produces their Moorooroo Shiraz, which retails at $200 a bottle.
Kies Family Wines is also a multi-generational Barossa Valley wine growing family.
Jesse Kies said the opportunity to buy the neighbouring property was very attractive as the Ahrens vineyard gave the family greater flexibility as its markets grows.
The sale of the Ahrens Vineyard was brokered by Toby Langley, of vineyard specialist Langley &amp; Co.
The sale price was not disclosed by the Australian Financial Review, however the land and building had been valued at $4.2 million earlier this year.
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Prestigious wine maker Schild Estate sells Barossa Valley vineyard

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EXPERT OBSERVER
In trend terms, the Internet Vacancy Index decreased by 0.1 per cent in August. The index is 6 per cent lower than a year ago, but it is 9.4 per cent above the level recorded five years ago.
As widely expected, the RBNZ has left the official cash rate unchanged at a record low of 1.00 per cent at its meeting today
Governor Lowe delivered a speech titled “Economic Update.”
The internet job vacancies data is a leading indicator of the job market and therefore important for consumer-focussed stocks and companies. Speeches from the Reserve Bank Governor can provide guidance on interest rate settings. Changes in New Zealand monetary policy settings can affect rates in Australia as well as the sharemarket and currency.
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What does it all mean?
The Reserve Bank Governor wouldn’t be drawn on the timing of the next rate cut. The rate cut may well be delivered on Tuesday. But if the Bank believes that the economy is indeed turning higher (it has reached a ‘gentle turning point’), the Bank may end up deciding that rate stability is the best source of action in the current environment.
The Governor adopted his usual ‘glass half-full’ approach rather than ‘glass half-empty’. In fact Philip Lowe believes we have a tendency to focus on what could go wrong rather than focus on the ‘tremendous opportunities’. The main concern is that consumers are not spending like they have in the past. And the other area of worry is the fact that investors are choosing to sit on the sidelines. There are plenty of savings but investors are not tapping those funds and investing.
No surprises from Reserve Bank New Zealand. The easing bias still exists. But clearly the ‘jumbo’ or ‘super-sized’ rate cut in August provided the Bank with more time before deciding the next move. Commonwealth Bank Group economists expect the next rate cut in November.
It’s steady as you go on job vacancies. There was little change in vacancies in the past month but the loss of momentum in Sydney and Melbourne gives the Reserve Bank additional scope to cut rates next week. Construction job vacancies continue to ease, reflecting slower home construction. But significant job vacancies continue to exist in Health, Education and personal/community services.
What do the figures show? 
<a href="https://www.propertyobserver.com.au/images/2019/9/25/job%20vacancy%201.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/9/25/job%20vacancy%201.jpg" alt="">
Skilled Job Vacancies
The Department of Employment Internet Vacancy Index fell by 0.1 per cent in August. The index is 6 per cent lower than a year ago although it is up 9.4 per cent above the level recorded five years ago.
In August 2019: “Job advertisements decreased in four of the eight occupational groups, and remained steady in two. Job advertisements increased for Labourers as well as Community and Personal Service Workers (both up 0.4 per cent).” 
Over the year to August 2019: “Job advertisements fell in six of the eight occupational groups, with the strongest falls recorded for Machinery Operators and Drivers (down by 16 per cent), Sales Workers (down by 12 per cent) and Technicians and Trades Workers (down by 10.7 per cent). Increases were recorded for Community and Personal Service Workers (up by 5.2 per cent) and Professionals (up by 0.3 per cent).
Over the year to August 2019, 12 of the 48 detailed occupational groups recorded increases in job advertisements. “The largest increases were recorded for a range of education and health related occupations such as Education Professionals (up by 1270 job advertisements), followed by Health Diagnostic and Therapy Professionals (570), Medical Practitioners and Nurses (500) and Carers and Aides (480).”
“The largest decrease was recorded for General-Inquiry Clerks, Call Centre Workers, and Receptionists (down by 1220 job advertisements), followed by Sales Assistants and Salespersons (1060), Corporate Managers (1010), Construction, Production and Distribution Managers (860) and Engineering, ICT and Science Technicians (840).”  
 Job vacancies increased in four states and two territories in August: NSW (down 0.7 per cent), Victoria (down 0.2 per cent); Queensland (up 0.2 per cent); South Australia (up 0.6 per cent); Western Australia (up 0.7 per cent); Tasmania (up 1.1 per cent); Northern Territory (up 0.6 per cent); and ACT (up 0.9 per cent).
Over the year to August 2019, job vacancies rose in three states and one territory: NSW (down 12.1 per cent), Victoria (down 7.4 per cent); Queensland (down 2.5 per cent); South Australia (up 3.0 per cent); Western Australia (up 1.6 per cent); Tasmania (up 11.3 per cent); Northern Territory (down 4.3 per cent); and ACT (up 11.9 per cent).
Over the year to August 2019, in three month moving average terms, job advertisements decreased in 19 of 37 regions. “The strongest decreases in job advertisements were recorded in Sydney (down by 15.4 per cent), followed by Gosford &amp; Central Coast NSW (down 11.2 per cent), NSW North Coast (down 10.9 per cent), Melbourne (down 9.4 per cent) and Gold Coast (down 8.3 per cent).”
“The strongest increases were recorded in Port Augusta &amp; Eyre Peninsula, SA (up 32.5 per cent), Yorke Peninsula &amp; Clare Valley, SA (up 30.2 per cent), Fleurieu Peninsula &amp; Murray Mallee, SA (up 18.9 per cent), Hobart &amp; Southeast Tasmania (up 15.6 per cent) and South West WA (up 15.3 per cent).”
Reserve Bank Governor Speech
The speech can be found here: <a href="https://www.rba.gov.au/speeches/2019/sp-gov-2019-09-24" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">https://www.rba.gov.au/speeches/2019/sp-gov-2019-09-24.html</a>
Interest rates: “Further monetary easing may well be required. While we are at a gentle turning point and expect growth to pick up, the strength and durability of this pick-up remains to be seen.”
Interest rates: “At our Board meeting next week, we will again take stock of the evidence. It is nevertheless likely that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieving more assured progress towards the inflation target. The Board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, make further progress towards full employment, and achieve the inflation target over time.”
In the Question &amp; Answer segment, the Governor said that ‘nirvana’ would be inflation near 2.5 per cent, wage growth near 3.5 per cent, the job market at ‘full employment’ (near 4.5 per cent) and the economy displaying ‘decent’ productivity growth. 
Reserve Bank of New Zealand interest rate decision 
<a href="https://www.propertyobserver.com.au/images/2019/9/25/job%20vacancy%202.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/9/25/job%20vacancy%202.jpg" alt="">
 
<a href="https://www.propertyobserver.com.au/images/2019/9/25/job%20vacancy%203.png" target="_blank">Click here </a>to enlarge: 
 
<img src="https://www.urban.com.au/images/2019/9/25/job%20vacancy%203.png" alt="">
RBNZ has held the official cash rate at a record low of 1.00 per cent at its meeting today, as widely anticipated by economists.  
The Monetary Policy Committee “agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook.”
On jobs and inflation: “Keeping the OCR at low levels is needed to ensure inflation increases to the mid-point of the target range, and employment remains around its maximum sustainable level.”
On the outlook for monetary policy: “There remains scope for more fiscal and monetary stimulus, if necessary, to support the economy and maintain our inflation and employment objectives.”
Commonwealth Bank Group economists expect another 25 basis point rate cut in November.
What is the importance of the economic data?
The Department of Employment releases a monthly Internet Vacancy Index. The index is based on a count of online job advertisements newly lodged on three main job boards (SEEK, CareerOne and Australian JobSearch) during the month. The index is the only publicly available source of detailed data for online vacancies, including around 350 occupations (at all skill levels), as well as for all states/territories and 37 regions.
Reserve Bank Governor speeches give a guide to policymaker thinking on interest rate settings. 
What are the implications for interest rates and investors?
Financial markets believe that rates will be cut next Tuesday. But whether its Tuesday or a month or two later, the Reserve Bank Governor believes that is reasonable to assume that further rate cuts lie ahead given that inflation is below the 2-3 per cent target band.
Lower interest rates will keep the Aussie dollar near US67-68 cents. And that lower Aussie dollar is good news for Australian businesses, especially exporters. Lower interest rates will also provide support for consumer-focussed stocks on the sharemarket.
The lack of momentum on job vacancies points to slower employment ahead and thus giving the Reserve Bank further reason to be cutting interest rates.
<a href="https://www.propertyobserver.com.au/images/2019/9/25/job%20vacancy%204.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/9/25/job%20vacancy%204.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/9/25/job%20vacancy%205.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/9/25/job%20vacancy%205.jpg" alt="">
Ryan Felsman is a senior economist at CommSec
Craig James is the chief economist at CommSec.
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Australian Economy remains far from Philip Lowe's 'Nirvana': CommSec's Craig James 

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A blind chocolatier who closed his store in Brisbane’s CBD, saying the Cross River Rail works had devastated his business has been offered alternative space.
The offer of space in The Barracks precinct came from Fortis Funds Management to Gerrard Gosens, who represented Australia at three Paralympic Games.
The offer, which has yet to be accepted, was revealed by Macquarie Media broadcaster Alan Jones.
Gosen's was a Young Australian of the Year finalist before opening his store Chocolate Moments.
His business has taken a $100,000 hit in earnings this year due to dwindling foot traffic, as businesses were shuttered.
Gerrard broke down in tears as he told Jones about losing everything he’s worked for over the last decade.
The Cross River Rail Delivery Authority has met with Gosens several times and offered $1000 to help with relocation costs.
Gosens says that wouldn’t begin to fix his issues.
Jones acknowledged the Fortis chairman, Edwin Zemancheff.
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Fortis Funds offer The Barracks retail space to Brisbane chocolatier Gerrard Gosens

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

Staff reporter

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