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Sweetwater, a property consisting of two homes on one 40 acre title in the Sunshine Coast hinterland, has hit the market. 
It has been listed by David A. Perez and Linda Shore-Perez from Villa Prestige Properties Noosa Heads. 
The property at <a href="https://www.realestate.com.au/property-house-qld-booroobin-131617550" target="_blank">1620 Maleny Stanley River Road, Booroobin</a> was purchased in 2006 by the owner and since then has undergone a complete regeneration and revegetation program.
The original house, The Cottage, was renovated and expanded in 2007 while the Manor House on top of the hill was built in 2012 by Storybook Cottages.
Perched on top of the Blackall Range with views, the Manor House is known by locals as The Castle House. 
It comprises master bedroom with ensuite, second bedroom, designer kitchen, open plan living room, media room, sitting room, and Tower Room on the third floor. 
<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/2019/9/16/booroobin%203.jpg" alt="">
Additional features include built-in library, Italian designed residential lift, fireplace and wooden staircases. 
Surrounded by rainforest, the second dwelling, Sweetwater Cottage consists of five bedrooms, granite kitchen, undercover entertaining area and two fireplaces. 
<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/2019/9/16/booroobin%205.jpg" alt="">
The cottage has hosted weddings and functions in recent years. 
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j.ballantyne1990-6AQqhLzZaK

Sunshine Coast hinterland 40 acre property with two homes Sweetwater listed

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A Beaudesert mortgagee home has sold for $260,000.
The latest marketing campaign ran for over 500 days, off the back of an unsuccessful 180 day campaign in 2015 when the property wasn't marketed as a mortgagee.
Rob and Maree Richardson of Beaudesert Properties managed the latest campaign.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-beaudesert-130882494" target="_blank">32 Tina Street</a>, the abode comprises a three bedroom, two bathroom house.
Set on 890 square metres, the home was listed for $379,000 in March 2018.
The asking price was reduced eight times over the duration of the campaign down to $280,000.
According to the listing it has rental potential of $330 to $340 per week.
The home last sold for $340,000 in 2012. 
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for an apartment in <a href="/news">Beaudesert</a> is $349,000 according to the latest CoreLogic data.
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Beaudesert mortgagee home sold for $80,000 loss

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The Melbourne Storm are set to launch their own branded home loan service.
It is set to pioneer sporting clubs offering its members access to financial products.
The Storm is launching Storm Money in partnership with the private My Local Broker.
My Local Broker will be the funder of the loans. My Local Broker is owned by Gerry Ryan, a part-owner and director of the Storm.
The Storm will share commissions. The members will be offered deals from about 40 or so different loan providers.
Storm chief executive Dave Donaghy said the concept arose from a survey of the club’s 25,000 members this year about their financial priorities.
“We looked at our sponsorship portfolio and found we had a gap in the banking sector,” Mr Donaghy told The Australian.
Almost 40 per cent of Storm members have home loans and close to 60 per cent told the club they were looking to refinance within a year, with 40 per cent saying they’d be likely or highly likely to change if offered an exclusive deal from a Storm sponsor.
 
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Melbourne Storm set to offer home loans to 25,000 members

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This Saturday Melbourne sees the highest volume of homes go under the hammer for the year so far.
There are 919 auctions listed for Saturday, beating the year’s previous high point of 900 auctions held on the last weekend of February 23, Domain figures show.
<div class="in-content-ad">It is the traditional busy weekend before the AFL Grand Final public holiday long weekend, which sees a big drop homes going under the hammer.</div>
<div class="in-content-ad"> </div>
<div class="in-content-ad">On the same weekend last year, 1029 auctions were scheduled. </div>
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Volumes down on 2019 pre-AFL grand final auction weekend  

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The Melbourne city centre has seen a continued substantial increase in the supply of high rise apartments, according to a recent Herron Todd White (HTW) residential report. 
The report suggests that lifestyle changes have led to people seeking a better work and life balance; as such properties located within half an hour of the CBD and close to public transport links continue to be highly desired by first home buyers.
Developers are encouraging buyers by including amenities such as rooftop gardens, creative common facilities such as virtual golf, private dining areas with industrial kitchen facilities allowing residents to bring in a private chef and meeting rooms for the home office operator.
"For an entry level price of $580,000, you will find a one-bedroom, one-bathroom apartment in the Prima Pearl located at 35 Queens Bridge Street, Southbank (pictured above) and access to the mentioned amenities," the valuation firm said. 
"Young professional couples or small families looking to upgrade their one-bedroom apartment for a bit more room do not have to go far.
"Suburbs on the city fringe such as Collingwood, Richmond, Prahran and South Melbourne still have access to public transport to the CBD, schools and close proximity to local restaurants and cafes." 
Property types vary from townhouses and single-fronted dwellings that can accommodate two-to-three bedrooms, two car spaces and a small 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/2019/9/11/richmond%20.jpg" alt="">
A three bedroom townhouse at<a href="https://www.realestate.com.au/sold/property-townhouse-vic-richmond-130425362" target="_blank"> 7 Palmer Street, Richmond </a>(pictured above) has been sold for $1.55 million.
Set on 150 square metre block, the home comprises three bedrooms, open plan living and dining area, kitchen with Miele appliances and second living area opening to balcony. 
It's situated moments from Bridge Road entertainment, amenities and public transport.
At the prestige end of the market, buyers are looking for properties with a period character or dwellings that can be easily renovated, extended or rebuilt and designed to suit their needs.
The report notes staple items within this category include basement car parking, en suite to each bedroom, a games room, swimming pool, tennis court and gym.
<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/2019/9/11/toorak.jpg" alt="">
A five bedroom house at 26 Linlithgow Road, Toorak (pictured above) was sold for $12.15 million in March.
Set on a 1,308 square metre block, the home comprises five bedrooms, four bathrooms, and four car spaces.
It features tennis court, home theatre, gym, swimming pool and covered outdoor entertaining areas. 
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Melbourne CBD sees increasing supply of high rise apartments: HTW residential 

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While early adulthood is traditionally seen as the period when young adults begin to live independently, new AHURI research reveals that many young Australians are putting their longer term housing aspirations on hold to meet other life goals such as completing education or gaining secure employment.
In 2015-16, only 17% of young adults aged 18-24 years lived independently, with most (66%) still living with their parents.
Furthermore, around a third of Australians aged 25–34 either remained or moved back with parents or lived in shared housing.
The research, Young Australians and the housing aspirations gap, undertaken for AHURI by researchers from Swinburne University and Curtin University, examined the short and longer term housing aspirations and the housing aspirations gap (i.e. where current housing is not meeting people’s requirements) among ‘emerging adults’ (aged 18–24 years) and ‘early adults’ (aged 25– 34 years).
<a href="https://www.propertyobserver.com.au/images/2019/8/15/emerging%20adults%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/2019/8/15/emerging%20adults%201.jpg" alt="">
"As house prices and rents have risen ahead of incomes, it is taking longer for young adults to create their own independent and secure households, and for some it is not attainable in the foreseeable future," says the report’s lead author, Dr Sharon Parkinson of Swinburne University.
"This has led many to staying or returning to the family home, or taking up informal living arrangements such as living in group households."
The ideal of home ownership is not as persistent as for past generations, varying with age, education and quality of current living arrangement. 60% of Australians aged 18–24 years and 70% of those aged 25–34 years identified owning and living in their own home as their ideal tenure. This compares to 80% of older Australians.
For emerging adults (18-24 years) sharing a house with a group typically met their short-term (82%) but not longer-term (25%) aspirations. While living with parents mostly met short-term (76%) but not longer-term (30%) aspirations.
<a href="https://www.propertyobserver.com.au/images/2019/8/15/emerging%20adults%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/2019/8/15/emerging%20adults%202.jpg" alt="">
For early adults (25–34 years) the housing aspirations gap is greatest for individuals in the private rental sector. For interviewees renting privately, the requirement to move house was the one constant in their lives.
Short-term aspirations for this group were shaped around ‘horizontal’ moves or finding an arrangement slightly better than the previous move, but with no sense of moving upwards or being closer to achieving their longer term housing hopes.
Despite rising housing costs, most 18-24 year olds thought homeownership would be possible in the near future.
"We found that many emerging adults had a ‘blind optimism’ that they would be able to achieve their housing aspirations despite not actively planning for their housing future," says Dr Parkinson.
"Nearly a third of those we surveyed felt that they would be purchasing a home within the next five years with a further 36% believing they would buy in 5 to 10 years." 
By early adulthood there is a sharp divide in optimism influenced by education and income levels.
<a href="https://www.propertyobserver.com.au/images/2019/8/15/emerging%20adults%203.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/2019/8/15/emerging%20adults%203.jpg" alt="">
Nearly two-thirds (61%) with a tertiary education and a higher income believe they would buy a property within five years, compared to just over a third (36%) for those with an education to year 12 or below, and less than a quarter (23%) for those with an education to year 11 or below.
<ul>
<li>More young Australians are not only being priced out of home ownership, but independent rental housing too. Only 17% of Australians aged 18-24 lived independently in 2015-16, and most (66%) lived with parents. Meanwhile, around a third of Australians aged 25–34 remained or moved back with parents, or lived in shared housing.</li>
<li>The ideal of home ownership is not as persistent as for past generations, varying with age, education and quality of current living arrangement. 60% of Australians aged 18–24 years and 70% of those aged 25–34 years identified owning and living in their own home as their ideal tenure. This compares to 80% of older Australians.</li>
<li>Despite house prices and rents rising ahead of incomes, 18–24 year olds held a ‘blind optimism’ for home ownership. 32% felt that purchasing a dwelling would be attainable within the next five years; and 36% considered it attainable in 5–10 years. This optimism decreases by early adulthood (25–34 years), influenced by education and income levels.</li>
</ul>
The report <a href="https://www.propertyobserver.com.au/http://www.ahuri.edu.au/research/final-reports/318" target="_blank">can be downloaded</a> from the AHURI website.
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Young Australians want a home to call their own, but work and study come first

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A record $8.4 million has been paid on the Brisbane riverfront at auction last night.
<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/2019/9/27/bulimba%202.jpg" alt="">
The riverfront home at Bulimba ranks as the city’s most expensive property ever sold under the hammer.
 <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/2019/9/27/bulimba%203.jpg" alt="">
The five-bedroom European-style mansion at 95-99 McConnell Street saw two families compete after the initial $5.5 million offer.
The prized north-facing 1473 square metres of land comes with 32 metres of river frontage.
<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/2019/9/27/bulimba%204.jpg" alt="">
The 95-99 McConnell Street, Bulimba offering sold through Sarah Hackett of Place Estate Agents Bulimba.
<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/2019/9/27/bulimba%205.jpg" alt="">
Brisbane’s most expensive auction sales
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Address
</td>
<td>
Brisbane Suburb
</td>
<td>
Year
</td>
<td>
Auction Price
</td>
</tr>
<tr>
<td>
95-99 McConnell Street
</td>
<td>
Bulimba
</td>
<td>
2019
</td>
<td>
$8.4 million
</td>
</tr>
<tr>
<td>
39 Griffith Street
</td>
<td>
New Farm
</td>
<td>
2019
</td>
<td>
$7.75 million
</td>
</tr>
<tr>
<td>
22 Sandford Street
</td>
<td>
St Lucia
</td>
<td>
2009
</td>
<td>
$7.75 million
</td>
</tr>
<tr>
<td>
29 Laurence Street
</td>
<td>
St Lucia
</td>
<td>
2010
</td>
<td>
$7 million
</td>
</tr>
<tr>
<td>
78 Jilba Street
</td>
<td>
Indooroopilly
</td>
<td>
2007
</td>
<td>
$6.1 million
</td>
</tr>
<tr>
<td>
20 Scott Street
</td>
<td>
Hawthorne
</td>
<td>
2017
</td>
<td>
$5.6 million
</td>
</tr>
<tr>
<td>
22 Langside Road
</td>
<td>
Hamilton
</td>
<td>
2016
</td>
<td>
$5,385,000
</td>
</tr>
<tr>
<td>
34 Quay Street
</td>
<td>
Bulimba
</td>
<td>
2016
</td>
<td>
$5.33 million
</td>
</tr>
<tr>
<td>
14 Otway Street
</td>
<td>
Holland Park
</td>
<td>
2016
</td>
<td>
$5,225,000
</td>
</tr>
<tr>
<td>
9 Griffith Street
</td>
<td>
New Farm
</td>
<td>
2013
</td>
<td>
$5.2 million
</td>
</tr>
</tbody></table>
Source: Domain Group (results based on sales made on the auction day under the hammer only).
The previous record auction was $7.75 million, back in 2009 at Sandford Street, St Lucia, which was then equalled in March this year when 39 Griffith Street, New Farm sold under the hammer.
It was purchased by Ben Seymour, the grandson of Queensland rich-lister and developer Kevin Seymour.
 
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Bulimba riverfront takes Brisbane auction record mantle

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Construction at the apartment project, The Orchid at Arncliffe, has recommenced after non-bank lender Wingate secured funding to complete the development.
Construction was halted in August <a href="/news/william-odwyers-ralan-hits-voluntary-administration">after the Ralan Group collapsed</a> owing creditors $500 million.
The administrators Grant Thornton signalled $70 million to $80 million was needed to complete the project.
Almost two-thirds of the 318 apartments and 13 out of 36 commercial units at The Orchid were sold off-the-plan, according to Grant Thornton.
At the end of August, Ralan's secured lender Wingate appointed Deloitte as receivers and managers of the development having previously appointed Deloitte as receivers of six other Ralan companies that hold land and other assets tied to Ralan's now-scrapped Ruby and Sapphire high-rise development on the Gold Coast.
A spokeswoman for Wingate confirmed that construction recommenced at The Orchid in late August "with the current program tracking towards completion by mid-2020".
"The development is approximately 50 per cent complete," she said.
"Richard Crookes Constructions is continuing as the builder of the development with work on site progressing well with [on average] 165 workers on site each day in the past week," she said. "Details regarding the financing of the development are commercial in-confidence."
At the same time as construction restarted at The Orchid, Deloitte, as receivers, has appointed ResortBrokers to sell management rights to the only completed tower at Ralan's now mothballed four-tower Ruby Collection project on behalf of Wingate. The 30-level tower was completed last November and includes 230 apartments.
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The Orchid, Arncliffe resumes construction after Ralan collapse

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Cash donations above $100 will be banned in NSW as the Government acts to restore the public’s confidence in the integrity of political donations.
Premier Gladys Berejiklian made the announcement on Wednesday, making NSW the first jurisdiction to cap cash donations made to political parties.
“I have been shocked by what has been uncovered at the Independent Commission Against Corruption (ICAC) over the last two weeks,” Ms Berejiklian said.
“This Government has already introduced the strongest donations regime in the nation but it is clear that some will continue to defy the law.
“That is why I am taking strong action to further protect our political processes.
“This simple reform will mean an end to the poor accounting practices, untraceable donations and the anonymous cash that has the potential to mar our political system.
“Given the wide and easy availability of electronic funds transfer systems, there is no good reason for donations to hide behind the anonymity of cash.”
Currently, no single donor may exceed a cap of $6400 a year to a party or group, nor may a donor exceed a cap of $2900 a year to a member, candidate or third-party campaigner.
All political donations of $1000 or more must also be disclosed to the NSW Electoral Commission. These restrictions will remain in parallel with the new cash ban.
“This sends the strongest possible message that donation laws must not be flouted because the only legal donations will be traceable donations,” Ms Berejiklian said.
Legislation to enact the new restrictions will be introduced to Parliament by the end of the year.
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Cash political donations to be capped in NSW

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As announced by Prime Minister Scott Morrison during the 2019 election campaign, from 1 January 2020 eligible first home buyers will be able to enter the housing market sooner.
Up to 10,000 guarantees per year will allow eligible first home buyers to purchase a home with a deposit of as little as five per cent.
Applicants will be subject to a range of eligibility criteria, including taxable incomes of up to $125,000 per annum for singles and up to $200,000 per annum for couples in the previous year, they must be Australian citizens purchasing property in Australia and they must be taking out owner-occupied loans on a principal and interest basis. 
Properties purchased under the First Home Loan Deposit Scheme will be subject to regional price caps. 
Regional price caps will be set with a view to ensuring equitable access to the scheme across Australia.
The coverage of the guarantee will be broadly consistent with parental guarantee products offered by some lenders. The guarantee will remain in place until a loan is refinanced or the outstanding loan balance falls below 80 per cent of the property purchase price—whichever comes first.
Access to the First Home Loan Deposit Scheme will occur as part of the normal home loan application process, with limited additional effort for first home buyers being required when seeking a guaranteed loan, the assistant Treasurer and Minister for Housing, Michael Sukkar said.
The bill introduces amendments to the National Housing Finance and Investment Corporation Act 2018 to implement the First Home Loan Deposit Scheme and establish a new research function within the National Housing Finance and Investment Corporation.
The bill expands the National Housing Finance and Investment Corporation's functions to enable it to provide guarantees.
Sucker noted based on median household income and a 15 per cent saving rate (on before-tax income), it takes approximately eight years to save a 20 per cent deposit on a median priced home. 
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How the First Home Loan Deposit Scheme guarantee will work 

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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