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A mid-century influenced residence nestled on a lush Wahroonga block has been listed for sale.
The Ed Lippmann-designed house has been listed through Jesse Zammit from Belle Property with $4.6 million to $4.8 million hopes.
With 365 square metres of internal space, the four bedroom, four bathroom Hillcrest Street offering, set just off Water Street, has been listed by Amanda and Norman Mighell. 
The couple purchased the property in 1998, then re-built in 2001 with the assistance of specialist Japanese garden designer, Ken Lamb of Imperial Gardens. 
Its grand six metre atrium entrance features a Japanese internal courtyard complete with pond and waterfall.
The rear garden, that features an 11 metre pool, comes with an irrigation system sourced from  a 30,000-litre underground concrete water storage. 
The interiors too have a distinct Japanese elements including the Shoji screens between rooms.
The 1,015 square metre cul-de-sac offering had been initially listed with $4.9 million hopes.
<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/2019/4/19/wahroonga%202.jpg" alt="">
It's an easy stroll to the station, a selection of Sydney's best private schools, parks, and village shops.
<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/2019/4/19/wahroonga%203.jpg" alt=""> 
Nestled on a 1,015 square metre block, the home situated at <a href="https://www.realestate.com.au/property-house-nsw-wahroonga-129836658" target="_blank">4 Hillcrest Street, Wahroonga </a>comes with three bedrooms, self-contained parent's retreat/office/fourth bedroom, family room with adjoining meal area and kitchen, and separate formal dining overlooking the Japanese styled gardens.
This article first appeared in The Weekend Australian.
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j.ballantyne1990-6AQqhLzZaK

Ed Lippmann-designed Wahroonga home listed with $4.6 million hopes

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New research by ING reveals pot plants are the second Australians’ most valuable treasured household possessions ranking second with an average value of $13,198 in homes where they’re cherished.
Artwork topped the list with an average value of $13,787. 
The research also found VHS tapes and DVDs are the most sought after collectable items for thieves with 753,000 Aussies having had these items stolen from their home.
A pricey loss given, on average, Aussies value their treasured VHS tapes and DVD collections at $4,363.  
Most valuable treasured household possessions 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top">
Item
</td>
<td valign="top">
Average value per household 
</td>
</tr>
<tr>
<td valign="top">
Artwork 
</td>
<td valign="top">
$13,787
</td>
</tr>
<tr>
<td valign="top">
Pot plants 
</td>
<td valign="top">
$13,189
</td>
</tr>
<tr>
<td valign="top">
Watches/ jewellery
</td>
<td valign="top">
$8,787
</td>
</tr>
<tr>
<td valign="top">
Designer goods and clothing 
</td>
<td valign="top">
$7,793
</td>
</tr>
<tr>
<td valign="top">
Special collectables/ antiques 
</td>
<td valign="top">
$7,914
</td>
</tr>
</tbody></table>
Most sought after collectable items for thieves 
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top">
Item
</td>
<td valign="top">
Number of Aussies that have had item stolen from their home 
</td>
</tr>
<tr>
<td valign="top">
VHS or DVD collections 
</td>
<td valign="top">
753,000
</td>
</tr>
<tr>
<td valign="top">
Stamp collections 
</td>
<td valign="top">
527,000
</td>
</tr>
<tr>
<td valign="top">
Musical instruments 
</td>
<td valign="top">
659,000
</td>
</tr>
<tr>
<td valign="top">
Family portraiture/ vinyl collection/ vintage clothing/ early edition books and comics
</td>
<td valign="top">
517,000 (have had at least one of these items stolen from their home) 
</td>
</tr>
</tbody></table>
ING’s head of Insurance, Cathy Duncan says people need to consider the value of their home and contents.
“When you’re trying to estimate the value of your home and contents most of us probably think about the costs of rebuilding and the value of our big ticket items like furniture, electronics and jewellery,” said Duncan.
“What this research tells us is that it’s actually just as important to remember to consider the collective value of smaller items too. For example, the accumulative costs of all the pot plants in and around your house and your entire DVD collection. These things can really add up.” 
More than a quarter (26%) of Australians have had their home broken into at least once, one in three (32%) say they’ve had items stolen, and overall, 11% say at least one rare or collectable item was stolen from their home. 
“It’s so easy to think that just because something hasn’t happened to you it won’t,” said Duncan.
“That’s probably why almost a quarter (24%) of Australians (according to the research) do not currently have any form of home and or contents insurance. 
“But the reality, according to this research, is that there’s a one in four chance your home could be broken into.”
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Pot plants rank among Australians' most treasured household possessions

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Data released by SQM Research has revealed the national residential rental vacancy rates surged in April 2019 to 2.3%, an increase from 2.1% in March.
The total number of vacancies Australia-wide is now at 77,664 properties for rent, a rise of just under 10,000 dwellings over the past 12 months. 
Darwin’s vacancy rate of 3.6% in April, was the only capital city to experience a decrease in vacancy rates of 0.1%, but it continues to rank the highest of all capital cities since it overtook Perth in September 2018.  
Sydney rental vacancy rates jumped to 3.4%, an increase from 3.1% in March. This represents a new record high for Sydney, based on SQM’s rental index which goes back to 2005.  
Hobart’s vacancy rate increased to 0.6% in April and continues to record the lowest vacancy rate in the country since September 2014.
<table border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="12%">
City
</td>
<td valign="bottom" width="14%">
Apr-2018 Vacancies
</td>
<td valign="bottom" width="14%">
Apr-2018 Vacancy Rate
</td>
<td valign="bottom" width="14%">
Mar-2019 Vacancies
</td>
<td valign="bottom" width="14%">
Mar-2019 Vacancy Rate
</td>
<td valign="bottom" width="14%">
Apr-2019 Vacancies
</td>
<td valign="bottom" width="14%">
Apr-2019 Vacancy Rate
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Sydney
</td>
<td valign="bottom" nowrap width="14%">
15,809
</td>
<td valign="bottom" nowrap width="14%">
2.3%
</td>
<td valign="bottom" nowrap width="14%">
21,942 
</td>
<td valign="bottom" nowrap width="14%">
3.1%
</td>
<td valign="bottom" nowrap width="14%">
23,837
</td>
<td valign="bottom" nowrap width="14%">
3.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Melbourne
</td>
<td valign="bottom" nowrap width="14%">
7,317
</td>
<td valign="bottom" nowrap width="14%">
1.3%
</td>
<td valign="bottom" nowrap width="14%">
9,210 
</td>
<td valign="bottom" nowrap width="14%">
1.6%
</td>
<td valign="bottom" nowrap width="14%">
10,565
</td>
<td valign="bottom" nowrap width="14%">
1.8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Brisbane
</td>
<td valign="bottom" nowrap width="14%">
9,774
</td>
<td valign="bottom" nowrap width="14%">
3.0%
</td>
<td valign="bottom" nowrap width="14%">
8,232 
</td>
<td valign="bottom" nowrap width="14%">
2.5%
</td>
<td valign="bottom" nowrap width="14%">
8,792
</td>
<td valign="bottom" nowrap width="14%">
2.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Perth
</td>
<td valign="bottom" nowrap width="14%">
8,245
</td>
<td valign="bottom" nowrap width="14%">
4.1%
</td>
<td valign="bottom" nowrap width="14%">
6,085 
</td>
<td valign="bottom" nowrap width="14%">
2.9%
</td>
<td valign="bottom" nowrap width="14%">
6,568
</td>
<td valign="bottom" nowrap width="14%">
3.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Adelaide
</td>
<td valign="bottom" nowrap width="14%">
2,427
</td>
<td valign="bottom" nowrap width="14%">
1.3%
</td>
<td valign="bottom" nowrap width="14%">
2,024 
</td>
<td valign="bottom" nowrap width="14%">
1.1%
</td>
<td valign="bottom" nowrap width="14%">
2,249
</td>
<td valign="bottom" nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Canberra
</td>
<td valign="bottom" nowrap width="14%">
474
</td>
<td valign="bottom" nowrap width="14%">
0.8%
</td>
<td valign="bottom" nowrap width="14%">
575 
</td>
<td valign="bottom" nowrap width="14%">
0.9%
</td>
<td valign="bottom" nowrap width="14%">
811
</td>
<td valign="bottom" nowrap width="14%">
1.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Darwin
</td>
<td valign="bottom" nowrap width="14%">
1,011
</td>
<td valign="bottom" nowrap width="14%">
3.3%
</td>
<td valign="bottom" nowrap width="14%">
1,153 
</td>
<td valign="bottom" nowrap width="14%">
3.7%
</td>
<td valign="bottom" nowrap width="14%">
1,117
</td>
<td valign="bottom" nowrap width="14%">
3.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
Hobart
</td>
<td valign="bottom" nowrap width="14%">
219
</td>
<td valign="bottom" nowrap width="14%">
0.7%
</td>
<td valign="bottom" nowrap width="14%">
131 
</td>
<td valign="bottom" nowrap width="14%">
0.4%
</td>
<td valign="bottom" nowrap width="14%">
185
</td>
<td valign="bottom" nowrap width="14%">
0.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="12%">
National
</td>
<td valign="bottom" nowrap width="14%">
67,854
</td>
<td valign="bottom" nowrap width="14%">
2.1%
</td>
<td valign="bottom" nowrap width="14%">
70,877 
</td>
<td valign="bottom" nowrap width="14%">
2.1%
</td>
<td valign="bottom" nowrap width="14%">
77,664
</td>
<td valign="bottom" nowrap width="14%">
2.3%
</td>
</tr>
</tbody></table>
SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total number of established rental properties.
SQM considers this to be a superior methodology compared to using a potentially incomplete sample of agency surveys or merely relying on raw online listings advertised.
Managing Director of SQM Research, Louis Christopher said: “Tenancy demand has been weak over the course of March and April. That combined with the expectation that dwelling completions are at their peak, prompted the rise in rental vacancies, which happened largely across the country, last month. 
“Going forward we expect rental vacancy rates will further rise in Sydney and Melbourne for most of 2019, before peaking and falling in 2020 as completions are forecasted to fall.”
Asking Rents 
Capital city asking rents increased 0.2% for units, but declined 0.4% for houses for the week ending 12 May to record asking rents of $554 per week for houses and $442 per week for units.
In comparison, over the 12 months, asking rents for units declined by 0.7% and rents for houses remained steady.  
Sydney’s asking rent for units and houses have both marginally declined by 0.3% for units and 1.5% for houses to 12 May. Over 12 months, the decline has been 5.0% for house rents and 3.8% for units. 
Perth’s rental market continued to increase over this period for both houses and units, at 0.5% and 0.2% respectively, as did Brisbane, with a 0.4% increase for houses and 0.6% for units. 
Darwin experienced a marginal increase of 1.4% over the month in house rents, after a decrease of 8.0% over the 12 months. However, units continue to slide at 1.7% over the month and 7.9% over the 12 months.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td colspan="6" valign="top" width="409">
SQM Research Weekly Rents Index
</td>
</tr>
<tr>
<td colspan="2" width="132">
Week ending: 12 May 2019
</td>
<td width="59">
Rent $
</td>
<td width="70">
Change on previous week
</td>
<td width="85">
Rolling month % change
</td>
<td width="62">
12 month % change
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Sydney
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
690.0
</td>
<td valign="top" nowrap width="70">
1.0  
</td>
<td valign="top" nowrap width="85">
-1.5%  
</td>
<td valign="top" nowrap width="62">
-5.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
505.2
</td>
<td valign="top" nowrap width="70">
-0.2  
</td>
<td valign="top" nowrap width="85">
-0.3%  
</td>
<td valign="top" nowrap width="62">
-3.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Melbourne
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
542.4
</td>
<td valign="top" nowrap width="70">
-1.4  
</td>
<td valign="top" nowrap width="85">
-0.2%  
</td>
<td valign="top" nowrap width="62">
1.7%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
422.5
</td>
<td valign="top" nowrap width="70">
1.5  
</td>
<td valign="top" nowrap width="85">
0.0%  
</td>
<td valign="top" nowrap width="62">
3.1%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Brisbane
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
458.5
</td>
<td valign="top" nowrap width="70">
0.5  
</td>
<td valign="top" nowrap width="85">
0.4%  
</td>
<td valign="top" nowrap width="62">
2.7%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
373.2
</td>
<td valign="top" nowrap width="70">
0.8  
</td>
<td valign="top" nowrap width="85">
0.6%  
</td>
<td valign="top" nowrap width="62">
1.5%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Perth
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
447.0
</td>
<td valign="top" nowrap width="70">
0.0  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
6.1%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
337.2
</td>
<td valign="top" nowrap width="70">
0.8  
</td>
<td valign="top" nowrap width="85">
0.2%  
</td>
<td valign="top" nowrap width="62">
4.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Adelaide
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
391.6
</td>
<td valign="top" nowrap width="70">
-0.6  
</td>
<td valign="top" nowrap width="85">
-0.2%  
</td>
<td valign="top" nowrap width="62">
2.5%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
302.9
</td>
<td valign="top" nowrap width="70">
0.1  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
1.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Canberra
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
624.3
</td>
<td valign="top" nowrap width="70">
-6.3  
</td>
<td valign="top" nowrap width="85">
-1.7%  
</td>
<td valign="top" nowrap width="62">
0.9%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
455.9
</td>
<td valign="top" nowrap width="70">
-0.9  
</td>
<td valign="top" nowrap width="85">
0.0%  
</td>
<td valign="top" nowrap width="62">
3.2%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Darwin
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
497.7
</td>
<td valign="top" nowrap width="70">
-1.7  
</td>
<td valign="top" nowrap width="85">
1.4%  
</td>
<td valign="top" nowrap width="62">
-8.0%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
370.6
</td>
<td valign="top" nowrap width="70">
-3.6  
</td>
<td valign="top" nowrap width="85">
-1.7%  
</td>
<td valign="top" nowrap width="62">
-7.9%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Hobart
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
426.8
</td>
<td valign="top" nowrap width="70">
2.2  
</td>
<td valign="top" nowrap width="85">
-0.3%  
</td>
<td valign="top" nowrap width="62">
7.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
374.8
</td>
<td valign="top" nowrap width="70">
12.2  
</td>
<td valign="top" nowrap width="85">
2.3%  
</td>
<td valign="top" nowrap width="62">
4.0%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
National
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
443.0
</td>
<td valign="top" nowrap width="70">
2.0  
</td>
<td valign="top" nowrap width="85">
0.5%  
</td>
<td valign="top" nowrap width="62">
1.4%  
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
363.0
</td>
<td valign="top" nowrap width="70">
-4.0  
</td>
<td valign="top" nowrap width="85">
-0.5%  
</td>
<td valign="top" nowrap width="62">
0.8%  
</td>
</tr>
<tr>
<td rowspan="2" valign="top">
Cap City Average
</td>
<td valign="top" nowrap width="56">
All Houses
</td>
<td valign="top" nowrap width="59">
554.0
</td>
<td valign="top" nowrap width="70">
1.0  
</td>
<td valign="top" nowrap width="85">
-0.4%  
</td>
<td valign="top" nowrap width="62">
 0.0%   
</td>
</tr>
<tr>
<td valign="top" nowrap width="56">
All Units
</td>
<td valign="top" nowrap width="59">
442.0
</td>
<td valign="top" nowrap width="70">
2.0  
</td>
<td valign="top" nowrap width="85">
0.2%  
</td>
<td valign="top" nowrap width="62">
-0.7%  
</td>
</tr>
</tbody></table>
Source: <a href="http://www.sqmresearch.com.au/" target="_blank">www.sqmresearch.com.au</a>
You can visit SQM's <a href="http://www.sqmresearch.com.au/graph_vacancy.php?region=nsw::Sydney&amp;type=c&amp;t=1#terms" target="_blank">methodology page</a> for more information on how its vacancies are compiled.
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Sydney vacancy rate jumps to 3.4% in April: SQM Research 

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Two marinas situated on the Central and Mid North Coast of NSW have been listed through Knight Frank’s Richard Garland and Anthony Pirrottina.
Together, the two properties – Koolewong Marina and Marmong Point Marina – are expected to sell in excess of $29 million.
Marmong Point Marina (pictured above), at 1 Nanda Street, Marmong Point, is located on Lake Macquarie, and is one of the longest boating destinations in NSW. 
The facility comprises of approximately 50,000 square metres, including 10,000 square metres of freehold service yard and 235 wet berths. 
Koolewong Marina (pictured below), located at 19 Brisbane Water Drive in Koolewong on the NSW Central Coast, spans circa 15,725 square metres of wet and dry land. 
Koolewong has a secure new ground lease with a 30-year lease term from 2019.
<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/2019/5/14/Koolewong-Marina-R-Marine-21-2500.jpg" alt="">
According to Richard Garland, Knight Frank Director, Commercial Sales, NSW, the marinas will receive strong interest from marina owners and investors, both nationally and internationally due to the ideal locations, established cash flow and significant value add potential.  
“Marmong Point Marina’s current owners, developed and operated this premium market leading marina for over 14 years on Lake Macquarie.
“The marina, the two-storey commercial building and single level industrial building are close to 100% occupancy, with an experienced and well-structured management team in place to run the day-to-day operations. This provides the new owner with an income stream, in addition to the numerous opportunities to add value through development and expansion, available under the current zoning.” 
Koolewong Marina is situated in a highly desirable location within close proximity to a number of major residential hubs, strengthening future value add potential, according to Anthony Pirrottina, Knight Frank Senior Sales Executive, Commercial Sales, NSW.
“The marina comprises 71 wet berths along with a two-storey commercial building and 45 car spaces. While the new 30-year ground lease that commences this year provides long-term secure tenure for prospective buyers.
“Gosford and the NSW Central Coast remain one of the fastest growing population precincts in NSW, underpinning demand well into the future. Particularly given the marina’s proximity to the Koolewong Train Station and direct access to the Central Coast Highway 
“We anticipate both marinas will appeal to a wide range of owner operators and investors and as they present an excellent opportunity to acquire an investment with reliable income and upside potential.” 
1 Nanda Street, Marmong Point, and 19 Brisbane Water Drive, Koolewong, are for sale via Expressions of Interest, closing on 19 June 2019. Buyers can purchase either or both marinas.
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Two NSW marinas hit the market

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Australia’s hotel sector is entering the era of refurbishment and repositioning as owners identify the need to stay competitive in a changing market. 
According to Colliers International, maintaining facilities to the standards expected by discerning guests and determining how and when to upgrade those facilities is one of the biggest challenges faced by hotel owners. 
“Money never sleeps, and neither do hotels,” Karen Wales, Colliers International Director of Hotels, said.  
“It is a simple fact that eventually every property will need an upgrade but with the opening of more than 15,000 new rooms over the past three years, existing owners will need to consider expediting the renovation cycle to compete with significant new supply. 
“The majority of Australia’s accommodation rooms were built in the 1980s, 1990s and 2000s. The owners of these properties will need to give greater regard to major capital refurbishment plans, particularly if ongoing repairs and maintenance have not been maintained.”
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Source: Colliers International 
Nigel Greenaway, Colliers International National Director of Hotels, said.  said owners who carefully considered guests’ needs and used any property upgrade as an opportunity to reposition the asset would ultimately be the ones to get the most out of their renovation and improve the value of their hotel asset in the long-term.
“Capital expenditure can be initiated for many different reasons such as commercial business opportunity, compliance with current legislation (WHS/NCC/DDA), end of life replacement or meeting consumer trends,” Greenaway said. 
“But it should ultimately have the common objectives of maintaining market position and/ or upgrading the hotel business, increasing owners’ return in this highly competitive market with the future long-term goal to increase the real estate value of the property.” 
Greenaway said while a successful hotel refurbishment or renovation came with significant challenges, a major property refresh presented a hotel with the unique opportunity to reposition itself in the market and ultimately support its longer-term revenue goals. 
“Owners that take a considered approach, determining the right time to relaunch renovated rooms while also having the right pricing strategies in place, will ultimately get the most out of their renovation,” he said.
“Refurbishments can include both soft and hard elements, as well as a Return on Investment component.”
Ian Pert, Colliers International National Director of Project Management, said first impressions were of vital importance to helping guests distinguish between hotels or brands.
“The design of a hotel, both interior and exterior, is often the most effective way to make an exceptional first impression,” Pert said.
“Product offerings are also changing as hotels look to satisfy new ways of living and working.
“Current trends include a greater focus on the lobby as a central meeting point and the development of new food and beverage concepts which showcase local produce and meet a growing awareness of health a wellbeing. 
“The hotel sector is also under increasing pressure to reduce its environmental footprint and develop truly sustainable operations. Hotel buildings have significant opportunities to reduce their energy, water consumption and greenhouse gas emissions and we will see this become a key focus as a growing number of owners look to refurbish.”
Pert said refurbishment programs rolled out in the near future would also have a greater focus on technology and distribution.
“Guests have a high expectation when it comes to technology capability, particularly of a high-end hotel,” he said.
“Most guests are self-sufficient, tech-savvy travellers who expect seamless connectivity across platforms and devices. 
“New developments include service automation, mobile device as door key and on-demand technology in relation to smart televisions.”
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Australian hotels enter new era of refurbishment to adapt to changing market: Colliers

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The design for a new Melbourne hotel has been revealed.
The 23-storey Park Hotel by Roxy Pacific at 360 Little Bourke Street will feature 319 guest rooms.
The hotel has been designed by architecture and interior design practice Bates Smart.
It will also feature a lobby lounge, a concept restaurant and roof top bar.
The hotel is scheduled to open in late 2021.
Bates Smart Director Cian Davis said the design pays homage to the site’s history as gateway to the historic horse stable and livestock auction sale yard, Kirk’s Bazaar.
“We have respected the urban context and character of the location that is surrounded by warehouse frontages,” he said.
“The site will be transformed to offer a respectful sense of verticality, with the façade reinterpreting the old beautiful red brickwork of the streetscape.
“Intimate internal spaces have been created on the ground floor plane to encourage social interactions and engagement with the other local restaurants and retailers.”
Bates Smart Director Brenton Smith said the interior features include “horse saddlery accents” and “blacksmith-inspired metal accents”.
“The hotel takes cues from Melbourne’s vibrant laneway culture, recognising the ‘urban grit’ of this former industrial neighbourhood and its surrounds,” Smith said.
“The interiors complement the architectural approach, creating create a sensory experience for guests.
“The traditional food and beverage model has been challenged to create a space for an independent operator that will offer guests an authentic, local neighbourhood experience.
“We responded to the laneway context of the site and brought this element of Melbourne’s café and street culture within the building.
“We also remodelled the conventional arrival experience to offer an inquisitive guest arrival journey.
“The ground floor plane is opened to encourage guests to walk through the relaxed food and beverage component before reaching reception for check-in.”
There will also be a a ballroom to accommodate meetings and events, said Ben Hopkins, Managing Director of Roxy-Pacific Australian and NZ.
“Conveniently located in the heart of Melbourne, the new Park Hotel Melbourne is a continuation of the Group’s strategic efforts to strengthen our hospitality and is in line with our plans to grow our stable of recurring income streams,” said Hopkins.
“Going forward, Australia’s tourism and hotel sector is expected to record strong growth in the coming years, likely to exceed the country’s broader economic growth, and should augur well for the new hotel.
“Bates Smart have been the perfect partner to grow our vision for the property, which we aspire to be the market leader in 4-star hotels in Melbourne CBD.”
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Designs unveiled for Australia's first Park Hotel in Melbourne

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The premises leased to the Manly waterfront Bar and Microbrewery overlooking Manly ferry terminal is now on the market. 
It has been offered by Michael Gilbert and Phys Parker from Burgess Rawson. 
Set on a 409 sqm land, the property at <a href="https://www.burgessrawson.com.au/properties/43-45-east-esplanade-manly-nsw-nsw003477/" target="_blank">29/43-45 East Esplanade</a> comes with a 10 year lease till 2026, to an inhouse microbrewery and restaurant and $213,000 pa net income.  
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4 Pines Brewery is now owned by the world's largest beer company.
Anheuser-Busch InBev is the world’s largest brewer with over $60 billion in annual revenues selling 28% of the world's beer.
It is for sale by private treaty.
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Waterfront East Esplanade, Manly microbrewery premises for sale

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AFL premiership fancies GWS Giants have taken up a lease for a 77 sqm Docklands suite near the league’s headquarters in the Melbourne CBD. 
Samuel Friend and Stephen Land of Fitzroys negotiated the three-year lease with a two-year option at Suite 101/198 Harbour Esplanade, just moments from AFL House and the adjacent AFL-owned Marvel Stadium.
The Giants agreed to pay $450 per sqm with 3% annual increases for its new Melbourne offices.
Friend said more than 50 enquiries were received during the campaign.
He stated, "the suite offers ample natural light with fantastic views west overlooking the harbour and towards the Bolte Bridge, and as expected attracted tenants from a range of industries including tech companies, law firms, not-for-profits and media agencies."
“For the Giants, the suite presented an excellent opportunity to set up an office conveniently close to AFL House and enhance their communication capabilities with the league.
“Spaces of this type attract a great deal of attention when they become available, as vacancies across Docklands have continued to firm in the first several months of 2019 and are now at the tightest level of any of Melbourne’s central precincts," Friend concluded.
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GWS Giants take up Dockland lease near AFL House

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Coles Amaroo Village, a new shopping centre located in the northern suburbs of Canberra, is set to be offered for sale.
Steven Lerche and Nic Purdue of Savills Australia and Philip Gartland and William Blanch of Stonebridge have been exclusively appointed by Coles Group Property Development Ltd to sell the centre.
Comprised of 4,600 sqm the centre features a non-discretionary tenancy mix, with 80% of the gross floor area secured to Coles and Liquorland on a brand-new long-term lease.
Complemented by eight specialty shops including a pharmacy, real estate agency, barber, Indian Grocer and various food offerings.
According to Savills, the ACT retail investment market has continued to be extremely tightly held, with only 3 retail properties between $15m to $40m transacting in the past five years. 
Independent research firm MacroPlan Dimas found, the trade area’s population is forecast to grow by 3.8% p.a. to 2031, more than double the Australian average of 1.4% p.a.
Located at 815 Horse Park Drive, Amaroo, it is the only full-line supermarket within the catchment and the centre produces an estimated Net Income of $1,850,000 p.a.
Savills Australia National Director of Retail Investments, Steven Lerche said “Amaroo Village is an outstanding convenience and non-discretionary retail hub, ideally located within the town centre. The strength and appeal of the town centre will be enhanced with the only Aldi in the area, located opposite the site, under construction and due for completion late-2019.
The site is within walking distance to the northern suburbs’ two major schools and a day care centre.
Mr Lerche added, “neighbourhood centres along the East Coast, particularly in the major capital cities, regularly command yields of sub 6%, as seen in the sale of Cranebrook Village at 5.30% in Western Sydney, Woolworths Caloundra at 5.67% on the Sunshine Coast and Coburg North Village in Melbourne rumoured to be sub 5%."
“Investors place a premium on neighbourhood centres offering a net lease structure such as that offered at Coles Amaroo Village,” he concluded.
Savills and Stonebride anticipate Amaroo Village will receive high levels of interest from a variety of local and international groups.
The international expressions of interest campaign being run by Savills and Stonebridge closes June 19th 2019.
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Savills marketing Amaroo Village shopping centre in Canberra

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Ray White Marine, the largest full service marine brokerage in Australasia, has established a new office within the Royce-Rolls Motor Cars Showroom in Richmond.
CEO and founder Rick Rodwell said the business already had many existing luxury yacht clients in Melbourne, which was home to the highest number of megayacht owners (above 40m) in Australia, so the initiative will also provide local support for both these new and pre-owned brokerage vessel owners.
“Ray White Marine’s Melbourne office will provide the Victorian market with the first sales and service presence of a leading global euro luxury motor yacht brand as the exclusive Australian and New Zealand distributor for Ferretti Yachts, Pershing, and the iconic Riva marque. Other brands in the Ferretti Group include semi displacement and planing yachts from Custom Line, and the full custom superyacht from 45m to 90m built by the CRN shipyard,” Mr Rodwell said.
Ray White Marine is also appointed the Australian and New Zealand distributor for Technohull high performance bespoke RIBS.
The move will also expand the marine auction program to conduct events locally for buyers and sellers alike in consort with the more than 90 local offices in the Ray White real estate network in Victoria.
“Connoisseurs of high end luxury motor cars tend to be interested in luxury yachts, and vice versa, so it makes sense to form an association of this nature,” said Zagame Automotive founder and managing director, Bobby Zagame.
The Ferretti Group has announced the launch of the Riva 50m Megayacht hull #1.
Ray White Marine officially opens in Melbourne this May 15 from 6pm on Level one of the Rolls-Royce Motor Cars showroom, 420 Swan St, Richmond.
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Ray White Marine opens it's doors in Melbourne

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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;

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.”

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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.”

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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.

&nbsp;

Staff reporter

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