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EXPERT OBSERVATION
The Victorian Liberals plan to oppose the introduction of a registration scheme for engineers is reckless and irresponsible. 
The Bill, currently before the Victorian Parliament would for the first time introduce a registration scheme for engineers in Victoria, ensuring only those properly qualified and accredited could undertake work.
The registration of engineers was an important first step in tackling the national crisis in the building and construction industry.
The Liberals plans to oppose the registration of engineers in Victoria, a measure that would begin to address the national crisis in construction, is reckless and irresponsible.
Just last week, independent research revealed the cost of repairing defects in residential apartments across Australia would cost a staggering $6.2 billion.
Liberal opposition could cost the State and consumers billions. They’ll fight for deregulation at any cost.
In Mordialloc, Victoria residents have just been advised that their apartments are no longer fit to occupy due to combustible cladding and significant fire risk.  
We now have legislation that begins to address the issues of shoddy workmanship and defective construction work and the Victorian Liberals oppose it.
Where is their commitment to helping the thousands of families who cannot live in apartments they’ve paid for, or face huge bills due to dodgy construction work and design?
Victoria is in the extraordinary position of having no registration scheme for engineers.
In Victoria, anyone can call themselves an engineer. Builders, electricians and plumbers all need to be registered but the people who design the buildings they construct do not. 
Construction workers who drive cranes, erect steel and build scaffold are required to have high risk licences to ensure site safety. Yet the Liberal Party doesn’t think engineers, who are crucial to site safety should be registered and accountable? They are again putting profits ahead of safety.
The failure to register engineers and the failure of government regulation in the building and construction industry more generally goes a long way to explaining why we now have a crisis that is bringing the sector to its knees.
It’s time for the Victorian Liberals to quit being part of the problem and start being part of the solution. Support the registration of engineers in Victoria now.
DAVE NOONAN is the CFMEU Construction and General Division National Secretary.
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j.ballantyne1990-6AQqhLzZaK

Registration scheme for engineers an important step to solve construction crisis: CMFEU's Dave Noonan

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GUEST OBSERVATION
Plant extinctions have skyrocketed, driven in large part by land clearing and climate change. 
Earth is seeing an unprecedented loss of species, which some ecologists are calling a <a href="https://theconversation.com/earths-sixth-mass-extinction-has-begun-new-study-confirms-43432" target="_blank">sixth mass extinction</a>. In May, a <a href="https://www.ipbes.net" target="_blank">United Nations report</a> warned that 1 million species are threatened by extinction. More recently, <a href="https://www.nature.com/articles/s41559-019-0906-2" target="_blank">571 plant species</a> were declared extinct.
But extinctions have occurred for as long as life has existed on Earth. The important question is, has the rate of extinction increased? Our research, <a href="https://doi.org/10.1016/j.cub.2019.07.063" target="_blank">published today in Current Biology</a>, found some plants have been going extinct up to 350 times faster than the historical average – with devastating consequences for unique species.
Measuring the rate of extinction
“How many species are going extinct” is not an easy question to answer. To start, accurate data on contemporary extinctions are lacking from most parts of the world. And species are not evenly distributed – for example, Madagascar is home to <a href="https://en.wikipedia.org/wiki/Flora_of_Madagascar" target="_blank">around 12,000 plant species</a>, of which 80% are endemic (found nowhere else). England, meanwhile, is home to <a href="https://bsbi.org/wp-content/uploads/dlm_uploads/England_Red_List_1.pdf">only 1,859 species</a>, of which 75 (just 4%) are endemic.
Areas like Madagascar, which have exceptional rates of biodiversity at severe risk from human destruction, are called “<a href="https://www.conservation.org/priorities/biodiversity-hotspots" target="_blank">hotspots</a>”. Based purely on numbers, biodiversity hotspots are expected to lose more species to extinction than coldspots such as England.
But that doesn’t mean coldspots aren’t worth conserving – they tend to contain completely unique plants.
We are part of an international team that recently examined <a href="https://doi.org/10.1016/j.cub.2019.07.063" target="_blank">291 modern plant extinctions</a> between biodiversity hot- and coldspots. We looked at the underlying causes of extinction, when they happened, and how unique the species were. Armed with this information, we asked how extinctions differ between biodiversity hot- and coldspots.
Unsurprisingly, we found hotspots to lose more species, faster, than coldspots. Agriculture and urbanisation were important drivers of plant extinctions in both hot- and coldspots, confirming the general belief that habitat destruction is the primary cause of most extinctions. Overall, herbaceous perennials such as grasses are particularly vulnerable to extinction.
However, coldspots stand to lose more uniqueness than hotspots. For example, seven coldspot extinctions led to the disappearance of seven genera, and in one instance, even a whole plant family. So clearly, coldspots also represent important reservoirs of unique biodiversity that need conservation.
We also show that recent extinction rates, at their peak, were 350 times higher than historical background extinction rates. Scientists have <a href="https://www.sciencedirect.com/science/article/pii/S0169534717300502" target="_blank">previously speculated</a> that modern plant extinctions will surpass background rates by several thousand times over the next 80 years.
So why are our estimates of plant extinction so low?
First, a lack of comprehensive data restricts inferences that can be made about modern extinctions. Second, plants are unique in – some of them live for an extraordinarily long time, and many can persist in low densities due to unique adaptations, such as being able to reproduce in the absence of partners.
Let’s consider a hypothetical situation where we only have five living individuals of Grandidier’s baobab (Adansonia grandidieri) left in the wild. These iconic trees of Madagascar are one of only nine living species of their genus and can live for hundreds of years. Therefore, a few individual trees may be able to “hang in there” (a situation commonly referred to as “extinction debt”) but will inevitably become extinct in the future.
Finally, declaring a plant extinct is challenging, simply because they’re often very difficult to spot, and we can’t be sure we’ve found the last living individuals. Indeed, a recent report found 431 plant species previously thought to be extinct have been <a href="https://www.nature.com/articles/s41559-019-0906-2" target="_blank">rediscovered</a>. So, real plant extinction rates and future extinctions are likely to far exceed current estimates.
There is no doubt that biodiversity loss, together with climate change, are some of the <a href="https://theconversation.com/theres-a-lot-of-bad-news-in-the-un-global-environment-outlook-but-a-sustainable-future-is-still-possible-115137" target="_blank">biggest challenges faced by humanity</a>. Along with human-driven habitat destruction, the effects of climate change are expected to be particularly severe on plant biodiversity. Current <a href="https://www.nature.com/articles/s41559-019-0906-2" target="_blank">estimates</a> of plant extinctions are, without a doubt, gross underestimates.
However, the signs are crystal clear. If we were to condense the Earth’s 4.5-billion-year-old history into one calendar year, then life evolved somewhere in June, dinosaurs appeared somewhere around Christmas, and the Anthropocene starts within the last millisecond of New Year’s Eve. Modern plant extinction rates that exceed historical rates by hundreds of times over such a brief period will spell disaster for our planet’s future.<img src="https://counter.theconversation.com/content/122255/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Jaco Le Roux, Associate Professor, Macquarie University; 
Florencia Yanelli, Researcher, Stellenbosch University; 
Heidi Hirsch, Postdoctoral research fellow, Stellenbosch University; 
José María Iriondo Alegría, Catedrático de universidad en el área de Botánica, Universidad Rey Juan Carlos; 
Marcel Rejmánek, Emeritus professor, University of California, Davis 
Maria Loreto Castillo, PhD Candidate, Stellenbosch University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/plants-are-going-extinct-up-to-350-times-faster-than-the-historical-norm-122255" target="_blank">original article</a>.
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Plants are going extinct up to 350 times faster than the historical norm

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EXPERT OBSERVATION
It’s a sellers’ market with low listing volumes putting them in an extremely comfortable position. 
There were very clear and consistent signs of recovery in the market and this turnaround, as well as further improvements in auction clearance results, could lead to an increase in volume.
This week’s preliminary clearance results in Sydney hit just below 85% and in Melbourne were just shy of 80%. 
However, at this stage it appeared, generally, sellers did not feel the rush to list their properties.
Clearance rates in the 80s put sellers in a very comfortable position.
<a href="https://www.propertyobserver.com.au/images/2019/8/26/SYD%20MEL%20auction%20clearance.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/2019/8/26/SYD%20MEL%20auction%20clearance.jpg" alt="">
We are also seeing, from the independent source of the Westpac-Melbourne Institute, significant improvements in consumer sentiment in relation to house price expectations and time to buy a dwelling indices.
In addition, when it comes to auction clearance rates in Sydney and Melbourne, we are seeing very clear signs of recovery.
The trend now is very clear with interim results in the 70s and 80s over the past four weeks and final clearance rates in the 70s for that period. 
This is significantly higher than the clearance rate in the mid 50s a year ago in those capital cities.
A combination of the election results, RBA interest rate cuts with at least one further cut on the horizon, APRA's changes to the floor assessment and tax cuts delivering more funds to households, all contributed to the confidence in the market and, consequently, for higher clearance rates that were also well connected with higher prices. 
<a href="https://www.propertyobserver.com.au/images/2019/8/26/Westpac%20HPE%20index.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/2019/8/26/Westpac%20HPE%20index.jpg" alt="">
The recent auction clearance rates and improved consumer confidence are creating a very clear trend, that will consequently lead to price increases and a rise in volumes, as sellers expect stronger demand for their properties and, therefore, are more confident to put them on the market.
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Basically, what we are seeing is improving confidence, improving clearance rates and improving prices.
In fact, according to CoreLogic data, <a href="https://www.corelogic.com.au/reports/chart-pack" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">in July 2019, dwelling values increased across all capital cities except for Adelaide, Perth and Canberra</a>.
This shows that sellers are in a good position, they see improvement in the market, and they are in control of what happens next.
Generally, both Sydney and Melbourne are performing really well, especially Sydney in recent weeks.
The key thing we are seeing is very consistent and strong results, particularly, but not only, in the high end of market.
In fact, the high end of the market continues to lead the way with extremely strong results in Northern Sydney and Hornsby (91.9%), Sydney Inner West (89.3%) and Northern Beaches (92.6%).
In Melbourne, both Inner Melbourne and Inner East delivered 82.8% and the Inner South 80.5%.
This is a good trend and with the recent rate cuts by the RBA, the high likelihood of another this year, and potentially one in first half of 2020, this are looking extremely positive.
Demand for housing and housing finance are also showing very clear signs of improvement.
With the interest rate falls and recent changes in the floor assessment, combined with serious competition between banks and non-banks making it easier for borrowers, particularly owner-occupiers to refinance and reduce mortgage repayments, there’s negative pressure to sell because vendors see the market recovering.
Often people think if there is low volume, the market it poor and high volume means it’s strong, but that's not necessarily the case. It really depends on the context.
DORON PELEG is CEO of RiskWise Property Research.
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Strong auction results and low listing volumes mean sellers hold the power: Riskwise's Doron Peleg

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GUEST OBSERVATION
In the absence of federal policy, states are pursing their own renewable targets.
Australia’s primary federal renewable energy target – to have <a href="https://www.environment.gov.au/climate-change/government/renewable-energy-target-scheme" target="_blank">33 terawatts of renewable energy by 2020</a> – has essentially been achieved. There is much uncertainty as to what is next.
In the absence of a new national target, the states have been leading the way and <a href="https://www.cleanenergycouncil.org.au/resources/project-tracker" target="_blank">driving renewable energy</a> in Australia. Victoria, New South Wales and Queensland between them have invested some A$20 billion into building 11,400 megawatts of generation capacity.
While the states have worked admirably to advance renewable energy – and federal energy policy has long been politically toxic – there is a clear cost to pursuing many fragmented policies instead of a unified vision.
Our research, modelling the effect of state versus national renewable energy targets in the National Energy Market system found there was little difference in the overall cost, but that states without strong renewable targets tended to miss out on investment.
We need national thinking
<a href="https://www.climatecouncil.org.au/uploads/9a3734e82574546679510bdc99d57847.pdf" target="_blank">Most jurisdictions</a> have net zero emissions targets by 2050. States also have ambitious but achievable shorter-term renewable energy targets and programs.
There are plenty of arguments for states pursuing their own renewable energy targets, not least because they can fill the policy vacuum left at the national level.
States are responding to the immediate need to replace retiring power stations and can explore innovation with greater ambition. It makes perfect sense for states to compete to attract jobs and investment.
But Australia’s federal government has a <a href="https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement" target="_blank">domestic and international obligation</a> to reduce greenhouse gas emissions from fossil fuels. National policies are more efficient, can harness better resources across our diverse geography and maximise returns for the whole system.
What’s more – as many column inches have pointed out – strong federal policy improves investment certainty and reliability, lowering the cost of inevitable infrastructure upgrades. And those upgrades can be better integrated into our existing national electricity system if the building (and money) doesn’t stop at internal borders.
To provide some insight and help move the debate forward, the University of Melbourne, Monash University and the <a href="https://www.energy-transition-hub.org/" target="_blank">Australian-German Energy Transition Hub</a> have collaborated on research that was presented at an <a href="https://www.wemcouncil.org/wp/icem/" target="_blank">international conference</a> in Denmark earlier this year.
Quantifying the difference
We simulated two scenarios: first, that all states implement polices to achieve their respective renewable energy and net zero emissions targets by 2050.
The second scenario assumed a national target would be used to result in the “same outcome” of 100% renewable energy by 2050.
The model calculates required energy investments with 5-year increments from today to 2050, including considering the existing generation currently operating. The model simultaneously optimises the mix of generation, transmission and storage to minimise the total system cost from 2020 to 2050.
A key difference in results is where and when new generation is built. Under the state-driven approach, unsurprisingly, investment shifts towards states with more ambitious targets.
The two figures below show how state-based targets drive more investment into Queensland than would be the case under a national target scheme.
<a href="https://images.theconversation.com/files/286465/original/file-20190731-186819-1j9zsem.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286465/original/file-20190731-186819-1j9zsem.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
(Spatial distribution of renewable generation)
Broadly speaking, under a national target, we see more efficient use of renewable energy and associated resources. NSW – with net zero 2050 target but no interim renewable energy target – would get a greater share of the renewable energy investment.
<a href="https://images.theconversation.com/files/286469/original/file-20190731-186814-1rk0hzu.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286469/original/file-20190731-186814-1rk0hzu.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
(Change in energy generation %)
NSW would consistently see substantially more investment under a national target scheme. This would be around 20% more generation in the 2030s in NSW, and up to 20 terawatt-hours more energy generated in the years 2030 to 2045.
The rollout of “where and when” to build new renewable and other generation to replace ageing fossil fuel power plants also impacts heavily on the sequencing and timing for major transmission upgrades across the NEM – especially interconnectors between states.
<a href="https://images.theconversation.com/files/286470/original/file-20190731-186792-142o7z3.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286470/original/file-20190731-186792-142o7z3.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
(Transmission networks modeled)
The graph shows that under a state target based approach we build more transmission infrastructure earlier than under a national approach. Under a national target approach, we would end up building more transmission infrastructure – albeit later.
Again, broadly speaking, we would build more generation at renewable energy resource-rich areas such as NSW which happen to be near major demand centres like cities. This would delay the need for some infrastructure spend.
What about system reliability and energy costs?
The good news is it appears under either a state-based or a national target approach the outcome in 2050 is similar. The difference in total system costs is only about 1% higher in the state-based targets scenario – so, virtually nothing.
<a href="https://images.theconversation.com/files/286460/original/file-20190731-186797-1csnld1.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/286460/original/file-20190731-186797-1csnld1.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
(Evolution of electricity generation – total system)
State-based renewable energy targets lead to redistribution of renewable investments in favour of the states with a mid-term renewable energy target.
In the Australian context, the current state-based renewable energy targets have no impact on undermining power system reliability and virtually negligible impact on pushing up power prices.
Perhaps NSW should take particular note – as it would appear that it would benefit greatly from either a national target approach or an interim state target for itself.
The debate about state versus national approaches to energy policy has been going for the past 30 years and no doubt will be around for another 30. In the meantime, we need a stronger hand on the transition tiller or we will waste precious resources and time, and likely have major unintended consequences.
Scott Hamilton, Strategic Advisory Panel Member, Australian-German Energy Transition Hub, University of Melbourne. 
Changlong Wang, Researcher, The Energy Transition Hub, University of Melbourne. 
Roger Dargaville, Senior lecturer, Monash University.
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/we-need-a-national-renewables-approach-or-some-states-like-nsw-will-miss-out-121192" target="_blank">original article</a>.
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We need a national renewables approach, or some states will miss out

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Sydney’s newest residential tower will rise 270 metres, comprising 80-storeys much of it serviced apartments.
It is so tall it will need approval Aeronautical Impact Assessment approvals.
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As it penetrates Sydney Airport’s Obstacle Limitation Surfaces (OLS), the infringement triggers a requirement, under the Airports (Protection of Airspace Regulations 1996 (APAR), to need approval for the development from the Department of Infrastructure, Transport, Cities and Regional Development (DITCRD).
It will need to see if it can affect the safety, regularity or efficiency of aircraft operations at Sydney Airport.
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The Ingenhoven and Architectus scheme proposes a super-slim skyscraper sitting atop a podium that incorporates several levels of retail, two childcare centres and the Event Cinemas which is subject to a long-term lease. 
It will be the tallest residential building in Sydney. China’s state-owned Greenland tower on the old Sydney Water Board building will be 235m high.
Ingenhoven + Architectus beat off design competition entrants such as Bates Smart, Foster + Partners and WilkinsonEyre.
Their $567 million estimated cost came in nearly $14 million cheaper than their nearest competitor. 
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The design proposed by Ingenhoven + Architectus aimed to be a landmark for economical, ecological and socially sustainable future-orientated development.
An ‘energy façade’ was proposed with slanted horizontal elements and exposed structural columns to provide sun shading and act as potential hybrid solar collectors.
Its sustainability endeavours also include electric vehicle charging for 5% of car spaces on completion, with capacity to increase over time to reflect the car fleets of the future. 
<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/2019/8/28/George%20Street%20Cinema%20entrance.jpg" alt="">
The George Street frontage (above) was proposed to consist of retail tenancies and a central entrance to the curvilinear through-site link to the building lobbies and Kent Street (below).
<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/2019/8/28/Kent%20Street%20frontage.jpg" alt="">
The developers secured approval for added height from the City of Sydney in 2014, well above the site’s existing 150 metre limit, after promising community benefits including two childcare centres and a community meeting facility.
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The cinema was constructed in 1976 as the Hoyts Cinema.
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<source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-960.webp" sizes="(min-width: 721px) 960px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-960.jpeg" sizes="(min-width: 721px) 960px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-720.webp" sizes="(min-width: 641px) 720px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-720.jpeg" sizes="(min-width: 641px) 720px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-640.webp" sizes="(min-width: 481px) 640px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-640.jpeg" sizes="(min-width: 481px) 640px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-480.webp" sizes="(min-width: 241px) 480px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-480.jpeg" sizes="(min-width: 241px) 480px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-240.webp" sizes="(min-width: 121px) 240px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-240.jpeg" sizes="(min-width: 121px) 240px" type="image/jpg"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-120.webp" sizes="(min-width: 120px) 120px" type="image/webp"></source><source srcset="https://media.theurbandeveloper.com/assets/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1-120.jpeg" sizes="(min-width: 120px) 120px" type="image/jpg"></source><img src="https://media.theurbandeveloper.com/raw/images/99b3f764-4ec4-4f45-b9e4-7a403fd6dea1.jpg" alt="Düsseldorf-based firm Ingenhoven and Architectus will design the $1 billion George Street super-slim skyscraper at 505-523 George Street."><div> </div>
<div>Mirvac and Coombes Property Group are the joint developers.</div>
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Coombes Property Group acquired the 4,308sq m site in 2009 from Challenger Financial Services for $85 million.
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<div>Construction is expected to take five years with construction likely to commence in 2020 subject to council approval.</div>
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Its 507 apartments include 55 studio, 144 one bedroom, 224 two bedroom and 84 three bedroom apartments.
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270 metre tall Event Cinema, George Street tower needs Aeronautical Impact approval

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Construction giant Icon claims it has spent $24 million since the evacuation of the Opal Tower skyscraper last December.
Fifteen owners are still locked out of their Sydney Olympic Park apartments as the cracking repairs continue.
One owner sold the worst affected apartment to Icon on the 10th floor.
Icon was the company that built the tower which was completed in August last year.
Icon told the ABC the Opal Tower event was insurable, however it did not reveal how much of the $24 million it was planning to claim.
The amount includes money spent on housing residents in temporary accommodation.
The ABC reported Icon's NSW business reported $163 million in revenue for 2018, down from the $335 million in 2017.
It reported a $1.63 million net profit in 2018, down from $6.8 million in 2017.
An Icon spokesperson said the company's approach to Opal Tower since the Christmas Eve evacuation "cannot be questioned".
"[This is] all without admission of liability," a company spokesperson told the ABC.
Domain recently reported Sydney Olympic Park apartment sales in the suburb have dropped 85 per cent in the six months to June compared to the same time last year.<iframe title="3rd party ad content" name="google_ads_iframe_/31694718/domain.com.au/news/nsw_3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" width="1" height="1" data-google-container-id="7" data-load-complete="true" data-integralas-id-7d0c1289-2a86-1366-5f35-e19975ab98cf=""></iframe> 
Across Sydney, buyers interest in new apartments has slipped, with views per listing for new apartments down 9 per cent in the first half of 2019.
Agents noted the Opal Tower event had tarred the entire suburb.
“Sydney Olympic Park has been affected because [buyers] think the entire park is a problem, not a particular building,” one agent said.
 “They’re all looking for that one word … [asking] is Icon the builder?”
McGrath agent John McManus, who is selling an apartment in Sydney Olympic Park, said buyers were skeptical about all new builds. 
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Builder Icon spends $24 million after Opal Tower cracking

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Chinese owned Union Agriculture's Mount Falcon Station in south-east NSW has hit the market.
It has been listed by Angus Macleod from Colliers International with $13.5 million to $15 million hopes. 
It was once owned by internet entrepreneur Sean Howard.
Situated in the Upper Murray region, the cattle property at Tooma, NSW comprises 2800 hectares of productive country near the Snowy Mountains.
It features high rainfall of 750mm per annum, fencing, infrastructure and manager's residence. 
Mount Falcon is currently run as a commercial beef operation with an approximate carrying capacity of 20,000 to 23,000 dry sheep equivalents.
<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/2019/8/26/tooma%202.jpg" alt="">
The farm breeds F1 wagyu and the herd will be offered for sale to the potential buyer separately.
It has been owned by the Chinese investment group since 2011.
<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/2019/8/26/tooma%203.jpg" alt="">
The property has been scheduled to go under the hammer on September 5.  
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Chinese owned beef farm Mount Falcon Station listed

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Allianz Australia Insurance Limited (Allianz) will refund over $8 million in consumer credit insurance (CCI) premiums and fees including interest to more than 15,000 consumers.
This follows ASIC’s review of the sale of CCI by lenders in Report 622 Consumer credit insurance: Poor value products and harmful sales practices, and forms part of ASIC’s broader priority to address harms and unfair practices impacting consumers in insurance.
Allianz’s refund relates to the sale of cover to consumers who were ineligible to make a claim for unemployment or disability, the sale of death cover to customers under 21 years of age who were unlikely to need that cover, and the charging of fees to customers who paid premiums by the month without adequate disclosure.
The remediation program covers certain CCI products issued by Allianz including mortgage and loan protection policies sold through financial institutions. These CCI products provided cover against the risk of consumers being unable to meet loan commitments because of death, injury, illness or involuntary unemployment.
To address these issues, Allianz will,
<ul>
<li>for ineligible sales of unemployment and disability cover,</li>
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<li>refund premiums charged plus interest for active, cancelled or lapsed policies sold between 1 January 2011 to 31 December 2018;</li>
<li>reassess all withdrawn and declined claims where the consumer was ineligible for the policy at the time of sale;</li>
<li>invite consumers to submit a claim if they have not already done so and pay valid claims plus interest; and</li>
<li>continue to honour active policies and not rely on employment eligibility criteria as a basis to decline an unemployment or disability claim;</li>
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<li>for sales of death cover to customers under 21 years of age,</li>
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<li>refund all premiums charged plus interest for active, cancelled or lapsed policies sold between 1 January 2011 to 31 December 2018; and</li>
<li>preserve existing death cover for active policyholders on current terms without charging for it;</li>
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<li>for monthly policy payment customers,</li>
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<li>refund all administration fees and loading charged plus interest; and</li>
<li>correct any future direct debit amounts.</li>
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ASIC Commissioner Sean Hughes said, ‘Disappointingly, our work on the sale of CCI has highlighted widespread mis-selling and poor product design. This remediation outcome is only one of many examples where CCI has failed consumers. We expect insurers to cease to sell insurance products that provide little or no value.’
‘We need a financial system that is fair. Insurers and other financial institutions need to rise to the challenge and embed the principle of fairness into their businesses to ensure we do not see any further instances of this kind of poor value product being pushed on to consumers’ added Mr Hughes.
Allianz will stop issuing new CCI policies from 30 September 2019. It will continue to fulfil its obligations to existing CCI policyholders. 
Allianz is expected to write to all affected consumers about their refund offer from October 2019. Consumers with questions about their cover should contact Allianz by email at <a href="mailto:here_to_help@allianz.com.au" target="_blank">here_to_help@allianz.com.au</a>.
<h2>Background</h2>
ASIC’s recent review of the sale of CCI has resulted in refunds of over $100 million due to more than 300,000 affected consumers. On 11 July 2019, we released Report 622 Consumer credit insurance: Poor value products and harmful sales practices (REP 622) detailing our findings and setting minimum standards for lenders and insurers who issue or sell CCI.
ASIC is currently consulting on a proposal to ban the sale of CCI and direct life insurance through unsolicited telephone calls. The proposed ban aims to address unfair sales conduct and protect consumers from being sold products that they do not need, want or understand.
ASIC has also commenced investigations into a number of entities that have been involved in mis-selling CCI to consumers.
Separately, in 2018, Allianz refunded $45.6 million to 68,000 consumers for add-on insurance sold through car dealerships that were of little or no value.
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ASIC prompts Allianz to refund over $8 million in consumer credit insurance premiums

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Burnside, the Scone district farm, sold at its recent auction for $1.25 million.
The 220 ha Upper Dartbrook property, some 15 minutes from Scone, sits in a valley suitable for cattle and horses.
The property is subdivided into seven paddocks.  
With well drained alluvial soils, the flats flanking the Dartbrook Creek were marketed by McCallum Inglis as ideal for irrigation pursuit.
<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/scone%202.jpg" alt="">
The house set in an elevated position overlooking the creek, comprises two bedrooms, with enclosed verandas. There is also an adjoining two bedroom cottage.
Last year the clip for a music single called "Shout the land a drink" was filmed in Upper Dartbrook. It was the brainchild of Golden Guitar winner Matt Scullion and performed by "The Hay Balers," with all profits going to drought stricken farming communities across NSW. 
<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/scone%203.jpg" alt="">
 
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Burnside, Scone farm sold

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The Administrative Appeals Tribunal (Tribunal) has reduced the banning period for former mortgage broker, Michael Wilkins, from three years to 18 months.
Mr Wilkins of Watanobbi, NSW, was banned by ASIC, from providing financial services for three years on 31 January 2018. 
The ASIC delegate had found that Mr Wilkins had acted dishonestly and/or improperly towards clients by completing loan application forms on behalf of clients, having clients sign incomplete forms, and hiding from Westpac that the loans were for self-managed superannuation funds.
The ASIC delegate found that Mr Wilkins had put information in the loan applications submitted to Westpac that was ‘false in a material particular’, and that on five occasions in June and July 2010, Mr Wilkins submitted loan applications on behalf of clients in which he deliberately overstated their savings by between approximately $130,000 and $179,000.
Mr Wilkins sought a review of ASIC’s decision in the Tribunal and a decision was delivered on 22 August 2019.
The Tribunal accepted ASIC's contention that the applicant had put information that was ‘false in a material particular’ in loan documents submitted to Westpac but found that there was insufficient evidence to make a finding of dishonesty in relation to client forms or the nature of the loans.
For this reason, the Tribunal concluded that a shorter banning order was justified.
When deciding that an 18-month banning order was appropriate, the Tribunal stated ‘the declarations of accuracy and completeness required in standard form loan applications of major financial institutions (and other credit providers) may appear formulaic and routine. But they mean what they say.
Any significant failure to appreciate that reality, and to observe the requirement of scrupulous honesty underlying it, is likely to merit the sanction of a banning order. That sanction is appropriate in Mr Wilkins’ circumstances.’
 
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AAT reduces banning period for Michael Wilkins NSW mortgage broker

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

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Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

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" />

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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.

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]

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