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Australia’s first engineered timber office, International House Sydney, has picked up NSW’s top property award.
Lendlease was presented with the Property Council of Australia’s Rider Levett Bucknall NSW Development of the Year award. 
“International House demonstrates that mass timber construction is a viable alternative to conventional construction and stands as a beacon of innovation and sustainable design excellence,” says the Property Council’s NSW Executive Director Jane Fitzgerald.
Designed by Tzannes architects and completed in April 2017, International House Sydney stands six storeys high. Each floor was constructed entirely from cross-laminated timber and glue-laminated timber, including floors, columns, walls, roof, lift shafts and stairs. The timber structure is supported by a ground retail level of conventional concrete. 
The building delivers an open, flexible floorplate, with a total floor space of 7,000 square metres and a striking design featuring recycled hardwood colonnades and an exposed timber structure. 
Timber is around 30% lighter than concrete or steel, potentially cutting crane, scaffolding and foundation costs. Economic modelling undertaken by Forest and Wood Products Australia has found timber construction can cut schedules by 15%. Engineered timber also has a carbon footprint up to 60% lower than other materials such as concrete and steel. 
“The well-documented health and sustainability benefits of using timber in the built environment have contributed substantially to its market appeal, securing a single, well-known financial services tenant for the entire building,” Fitzgerald adds. 
Fitzgerald also applauds International House’s “outstanding green credentials”, including a 6 Star Green Star rating.
“Around 3,500 cubic metres of sustainably-grown and recycled timber was used in construction, which saved thousands of tonnes of carbon emissions by cutting down on concrete. The use of natural materials makes International House a warm and welcoming building that also promotes an innovative approach to sustainable growth,” Fitzgerald adds.
Lendlease also took home the RLB NSW Development of the Year award in 2018 for Barangaroo South.
“Lendlease has set an ambitious carbon-neutral goal for the entire Barangaroo South precinct, and International House Sydney contributes to this goal while also showcasingour industry’s contribution to a low-carbon future,” Fitzgerald adds.
The NSW Development of the Year award is part of the national 2019 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards program. RLB has partnered with the Property Council to present the awards program since its inception in 1982. 
International House is vying for the SAS International Award for Best Office Development and the WSP Award for Best Sustainable Development – New Buildings at the national awards, which will be held at the International Convention Centre Sydney on Friday 17 May.
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j.ballantyne1990-6AQqhLzZaK

Barangaroo South's International House Sydney wins NSW’s top property honour

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GUEST OBSERVATION
More shared spaces, safer streets and fewer cars in the city are all part of a <a href="https://www.melbourne.vic.gov.au/news-and-media/Pages/Ten-year-transport-plan-to-create-more-space-for-people.aspx" target="_blank">newly released 10-year plan</a> by the City of Melbourne. <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/pages/Future-Melbourne-Committee-7-May-2019.aspx" target="_blank">This evening</a>, Town Hall will consider the ambitious <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/856/15289/AGENDA%20ITEM%206.4.pdf" target="_blank">draft transport strategy</a> that would boost pedestrian, cycling and tram access across the CBD’s <a href="https://ictedservices.typepad.com/.a/6a00e5537796fd883401b7c951605c970b-pi" target="_blank">Hoddle Grid</a>.
<a href="https://images.theconversation.com/files/272690/original/file-20190506-103053-17wr7re.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/272690/original/file-20190506-103053-17wr7re.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
A map of central Melbourne, with the Hoddle Grid, including the ‘little’ streets, at its heart. <a class="source" href="https://commons.wikimedia.org/wiki/File:Map_of_central_Melbourne_3384553.PNG" target="_blank">Wikimedia</a>, <a class="license" href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank">CC BY-SA</a>
A significant amount of on-street parking and road space would be reallocated to walking, cycling and greenery. Some “little” streets would be converted to shared zones that give priority to pedestrians, with reduced speed limits. <a href="https://www.sfmta.com/demand-responsive-parking" target="_blank">Variable parking pricing</a> would be trialled and <a href="https://www.gizmodo.com.au/2015/12/how-to-fix-traffic-congestion-in-australia/" target="_blank">congestion charging</a> not be ruled out.
The strategy recognises the role of technology in delivering community benefits. It supports trials of <a href="https://www.propertyobserver.com.au/https://www.mdpi.com/2071-1050/11/5/1262" target="_blank">shared mobility</a> (all types of conveniently accessible rental vehicles) and <a href="https://theconversation.com/for-mobility-as-a-service-maas-to-solve-our-transport-woes-some-things-need-to-change-105119" target="_blank">tech-enabled seamless travel solutions</a> (people using mobility as a service, typically via an app and single payment platform, when they need it).
The result of these digital technology-driven mobility shifts is a lower proportion of people owning vehicles.
The strategy also foresees transport in the city will be emissions-free by 2050. On-demand <a href="https://theconversation.com/get-set-for-take-off-in-electric-aircraft-the-next-transport-disruption-114178" target="_blank">travel and deliveries by air</a> could be in the mix of solutions.
<a href="https://images.theconversation.com/files/272671/original/file-20190506-103078-14bcp3p.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/272671/original/file-20190506-103078-14bcp3p.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt=""></a>
An analysis of public feedback to the city council on walking in the city. <a class="source" href="https://participate.melbourne.vic.gov.au/transportstrategy" target="_blank">Participate Melbourne/Melbourne City</a>
While the plan might seem radical, these policies are sensible, comprehensive and crucial to the city’s future. They’re aligned with <a href="https://theconversation.com/four-ways-our-cities-can-cut-transport-emissions-in-a-hurry-avoid-shift-share-and-improve-106076" target="_blank">best practice</a> in leading global cities.
Some cities have far more aggressive policies and emissions reduction targets. Around the world, <a href="https://www.businessinsider.com.au/cities-going-car-free-ban-2018-12?r=US&amp;IR=T" target="_blank">15 cities</a> are already starting to ban cars altogether from urban centres.
Melbourne’s transport strategy “refresh” follows a year of reviews and public consultation (you can see the public responses <a href="https://participate.melbourne.vic.gov.au/transportstrategy" target="_blank">here</a>).
There will be implementation challenges, which the draft strategy acknowledges. It notes the need to provide access for people with disability.
The plan also includes ongoing access for commercial vehicles, delivery vans and emergency services.
Responding to travel trends
The new strategy recognises that Melburnians’ travel habits have changed and will continue to adapt to modern-day urban living. This includes recent trends towards increased use of public transport and active travel options such as cycling and walking.
Today, walking accounts for about 90% of all travel in the Hoddle Grid, yet pedestrians are <a href="https://www.theage.com.au/national/victoria/cbd-drivers-could-spend-more-time-at-red-lights-under-council-plan-20190502-p51jkg" target="_blank">allocated only 24% of street space</a>.
Across Melbourne since 2003, the <a href="https://www.bitre.gov.au/publications/2018/files/infrastructure-statistics-yearbook-2018.pdf" target="_blank">growth in public transport use has been around three times the growth in private transport use</a>. Over this time the <a href="https://www.bitre.gov.au/publications/2018/files/infrastructure-statistics-yearbook-2018.pdf" target="_blank">growth in car use has been slower than population growth</a>.
Growth in private and public transport passenger kilometres in Melbourne since 2003
<img src="https://images.theconversation.com/files/272643/original/file-20190505-103045-1dxxfi3.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
More than 900,000 people move into, within and through the municipality each day, the strategy notes. This is expected to climb to 1.4 million people a day in 2036. The city’s streets and places would need to adapt to support these changes.
Another policy in the draft strategy is to reduce through-traffic. Around 43% of cars coming into the city are heading for a destination beyond the Hoddle Grid. Spencer Street, King Street and William Street carry most of that traffic.
<img src="https://images.theconversation.com/files/272657/original/file-20190505-103053-1sw4vip.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Proportion of through-traffic entering the Hoddle Grid at each entry point. <a class="source" href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/856/15289/AGENDA%20ITEM%206.4.pdf" target="_blank">City of Melbourne, Draft Transport Strategy 2030, page 53</a>
The strategy calls for the city council to work with government to contain through-traffic to freeways and arterial roads. Removing non-essential vehicle trips can free up space to make streets safer and more efficient. It also improves access for emergency vehicles, on-road public transport and deliveries.
Rethinking transport priorities
The draft strategy represents a call for action to overcome unsustainable transport practices. For Melbourne to thrive, the transport priorities need to be rearranged to meet travel demand, emissions targets and citizens’ changing needs.
In adopting this approach, the strategy reflects the changing landscape and emerging trends of urban mobility, as well as community expectations.
<img src="https://images.theconversation.com/files/272653/original/file-20190505-103068-t7wyc4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
The changing landscape of urban mobility. <a class="source" href="https://www2.theiet.org/resources/books/transport/lowcarbmob.cfm" target="_blank">Low Carbon Mobility for Future Cities: Principles and Applications</a>, Author provided
The draft strategy gives priority to policy solutions that will improve liveability and promote a safe and healthy city. These focus on active modes of transport, integrating transport and land use, investments in pedestrian-oriented initiatives, optimising use of scarce space and encouraging public transport.
The strategy also looks to overcome barriers to urban innovation. It points to the need for more agile regulation to support emerging modes of travel such as <a href="https://theconversation.com/the-problem-isnt-dockless-share-bikes-its-the-lack-of-bike-parking-102985" target="_blank">dockless bikes</a> and <a href="https://theconversation.com/banning-tiny-vehicles-would-deny-us-smarter-ways-to-get-around-our-cities-113111" target="_blank">e-scooters</a>.
What’s the next step?
Councillors will consider the draft strategy at a <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/pages/Future-Melbourne-Committee-7-May-2019.aspx" target="_blank">Future Melbourne Committee meeting today</a>. If endorsed, it will be released for further public consultation and feedback for six weeks.
The strategy will require a shift in travel behaviour. Whether the public embraces or objects to the new policy directions remains to be seen. The details will be critical.
Many would be excited by this vision and would want certain policies rolled out today, not by 2030. Others might be sceptical and some would still want to drive into the inner city, even if other attractive travel options are made available.
If well executed and implemented, the strategy’s proposals will improve liveability and access to the city. Together with some state government projects, such as <a href="https://metrotunnel.vic.gov.au/about-the-project" target="_blank">Melbourne Metro</a>, these policies will help to modernise the city’s infrastructure to meet the needs for smart and sustainable growth and jobs.<img src="https://counter.theconversation.com/content/116518/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;">
Hussein Dia, Professor of Future Urban Mobility, Swinburne University of Technology
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/move-away-from-a-car-dominated-city-looks-radical-but-its-a-sensible-plan-for-a-liveable-future-116518" target="_blank">original article</a>.
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Move away from a car-dominated city looks radical but it’s a sensible plan for a liveable future

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The north-western Sydney suburb Castle Hill is seen as a desirable location and a suburb many locals aspire to live in, according to a recent Herron Todd White (HTW) residential report. 
"This suburb provides a variety of real estate, but houses begin from $1.2 million for entry-level dwellings to executive style mansions at between $3 million and $4 million," says the valuation firm. 
The report notes the main draw cards are high quality schools, larger blocks, quiet leafy streets and close proximity to a major shopping centre, bulky goods precinct and the Norwest business park.
In addition there are two new train stations being built within the suburb.
The median value in Castle Hill for houses in 2018 was $1.4 million, according to realestate.com.au.
"For that sort of money, you can get an updated four-bedroom home on a decent parcel of land with potentially a pool," says the HTW report. 
The house at<a href="https://www.realestate.com.au/sold/property-house-nsw-castle+hill-130380630" target="_blank"> 23 St Marks Avenue </a>(pictured below) recently sold for $1.35 million and provides four bedrooms, three bathrooms, double garage and a pool on a 923 square metre block.
<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/2019/5/7/castle%20hill%201.jpg" alt="">
An example of a high-end property is this six-bedroom, six-bathroom executive dwelling at <a href="https://www.realestate.com.au/sold/property-house-nsw-castle+hill-128303606" target="_blank">3 Lomond Place </a>(below) with an eight-car garage.
This home features high quality inclusions with an in ground pool all improved on 2,000 square metres of landscaped land. This property sold for $3.8 million in June 2018.
<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/2019/5/7/castle%20hill%202.jpg" alt="">
"The absolute entry level for dwellings in Castle Hill is the sub-$1 million market. Any dwellings under this mark have a number of less desirable features, but for the savvy purchaser, present a foothold in the market," says the HTW valuer.
The dwelling at <a href="https://www.realestate.com.au/sold/property-house-nsw-castle+hill-130174250" target="_blank">3 Gary Street</a> (pictured below) sold for $940,500 in January. It provides three bedrooms and one bathroom with a built-in garage.
Overall the property is in below average condition and is positioned on a 696 square metre corner block.
<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/2019/5/7/castle%20hill%203.jpg" alt="">
"The compromise for buying this property is being located on the outskirts of Castle Hill and the dwelling is in need of attention which could be costly. Is it worth it? It all depends on what you want.
"Some people want a detached house they can add value to and escape strata living. Others may wish to spend similar money on a more modern townhouse offering the same or maybe more accommodation with superior features throughout.
"Long term, land in Sydney will become more valuable and having 700 square metres in Castle Hill should prove to be a smart decision."
In the past five years, dwellings in Castle Hill have risen 52% off the back of a huge price boom in Sydney.
While the median has dropped in the past 12 months, Castle Hill in the long term is seen as "a wise move given the solid fundamentals and major draw cards that underpin the area", said HTW. 
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Castle Hill could be a good long-term investment: HTW residential 

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GUEST OBSERVATION
The Newcastle Herald has won eight Walkley awards for journalistic excellence over the past seven years. This includes a Gold Walkley for the groundbreaking reportage that led to Australia’s royal commission into institutional responses to child sex abuse. It has told stories of national and international importance.
But this local newspaper, serving the NSW regional city of Newcastle and the surrounding Hunter region, is not profitable enough for Nine Entertainment Co, which acquired it in the takeover of Fairfax Media last year.
Nine has offloaded it and the rest of Fairfax’s Australian Community Media (ACM) division, comprising about 160 regional news titles, 130 community-based news websites and 650 editorial staff.
But this is the best news the staff of the Newcastle Herald have had for a long time. There’s a cautious optimism among both staff and readers that the newspaper (which began as the Newcastle Chronicle and Hunter River District News in 1858) could undergo – like the city itself – revitalisation.
Cautious optimism
<img src="https://images.theconversation.com/files/272289/original/file-20190502-103063-pwor6g.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
The Newcastle Herald, Saturday December 8, 2018. The Newcastle Herald
The new owner is a consortium of former Fairfax real estate supremo Antony Catalano and the Thorney Investment Group, a company that “concentrates on producing <a href="https://www.thorneyopportunities.com.au/news-announcements" target="_blank">absolute returns for shareholders</a> over the medium to long term”.
Catalano has said he plans to “grow the business, not shrink it to greatness”. He has assured Herald staff that he is about “hiring, not firing”. That’s comforting following cutbacks and two brutal rounds of redundancies in the past seven years.
Yet these inspiring assurances may prove hard to keep.
Newspapers – and journalism more generally – still face structural headwinds. Neither platform prophets nor philanthropists have found a dead-cert solution to the dried-up rivers of gold once richly fed by classified and display advertising streams.
The ACM division is still profitable, but its revenue in the first half of the 2019 financial year was down 8% on the previous year (A$194.1 million, against A$212.1 million), with advertising revenue down 13% (to A$121.2 million).
So optimism about the benevolence of the Herald’s new owner must be cautious indeed.
Benefiting the community
<img src="https://images.theconversation.com/files/272273/original/file-20190502-103049-1hdomjp.png?ixlib=rb-1.1.0&amp;rect=27%2C22%2C1496%2C2129&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="" width="235" height="334">
The Newcastle Herald, Monday, October 22, 2018. The Newcastle Herald
But optimistic we must be. Research provides empirical evidence to support just how important a local newspaper is to a local community.
According to a US study published in the <a href="https://www.cjr.org/united_states_project/public-finance-local-news.php" target="_blank">Columbia Journalism Review</a> in 2018, local government becomes more wasteful without a local newspaper.
The researchers compared local government costs in counties where a newspaper had closed with demographically comparable counties still with a newspaper. It’s evidence media scrutiny is essential to governments being kept accountable.
Local media coverage is also associated with better informed voters and higher voter turnouts, the study’s authors suggest.
Good local journalism sees, knows and cares about the local community. It reflects that community’s history, present and where its future might lie.
Setting the agenda
This is certainly the case with the Newcastle Herald.
Newcastle is the nation’s second-biggest non-capital city, with a population of about 325,000; the population of the Greater Hunter Region is about 625,000. The Newcastle Herald is the only newspaper serving the region six days a week.
As such the newspaper plays a significant role in setting the news agenda for other local media.
Journalists and production staff at remaining commercial news outlets in Newcastle all operate – in the words of one senior newsroom contact – on the smell of an oily rag. Repeated savage cuts and increased networking have played their part in reducing commercial radio bulletins to rip-and-reads of the day’s Herald. Even the ABC has decreased the number of local radio bulletins it provides.
The Newcastle Herald clearly influences the city’s only local commercial television news bulletin (from NBN Television, owned by Nine Entertainment).
Local, original stories
The Herald has maintained its relevance largely because of the local, original stories it has pursued. It has done this despite its own newsroom being slashed, with a third of the journalists it had seven years ago.
Its much admired reporting on child sexual abuse (the Catholic diocese of Newcastle-Maitland was a hotspot of crimes and cover-ups) is just one example.
The paper has also led the way with coverage of the <a href="https://www.theherald.com.au/story/5309813/a-catastrophe-for-some-women-pelvic-mesh-report/" target="_blank">medical traumas of local women</a> that propelled a <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Community_Affairs/MeshImplants" target="_blank">Senate inquiry</a> into pelvic mesh devices in 2017.
It also exposed the story of Cabbage Tree Road, a cluster of 50 cancer cases near a drain carrying toxic chemicals from the Williamtown RAAF base. The Herald’s reporting came from journalists knocking on the door of every home on the road. (The NSW Health Department <a href="https://www.theherald.com.au/stry/5229588/outcry-as-study-dismisses-williamtowns-cancer-cluster-fears/?cs=6099" target="_blank">has dismissed</a> there being a link.)
Investigative journalism is expensive to produce. No other local commercial outlet in the area has the resources to do public-interest and accountability journalism. They all rely on the Newcastle Herald to set the agenda.
For the good of Newcastle and dozens of other local regional and rural communities, we can only hope the Herald’s new owner can do better than its last.<img src="https://counter.theconversation.com/content/116276/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;">
Paul Scott, Lecturer, School of Creative Industries, Faculty of Education and Arts, University of Newcastle
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/what-a-local-newspaper-means-to-a-regional-city-like-newcastle-116276" target="_blank">original article</a>.
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What a local newspaper means to a regional city like Newcastle 

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The RBA has resisted calls to cut the official cash rate, but will be looking closely at this month’s employment data, whether wages growth remains flat and potentially the next round of inflation figures before they pull the trigger. 
Sally Tindall, research director at RateCity.com.au, said borrowers might have to wait until August before getting a rate cut. 
“Australia didn’t get a rate cut, but it’s still not off the cards. Based on the May statement from Phillip Lowe, its likely they’ll hold off until they see more consistent trends in employment and inflation,” she said.   
“But consumers don’t have to wait for the RBA to save money on their home loan. 
“The downturn in the market is putting pressure on banks’ bottom lines. What they need is more business on their books. 
“The best way for borrowers to get a rate cut is to turn themselves from an existing customer into a new one.”
How to get yourself a rate cut 
“Go online, find out what your bank is offering new customers, but also see what others are offering, because ultimately the lower the rate, the more money you’ll have left in your pocket,” said Tindall.
“Call your bank and ask them to match the rate offered to new customers, and if they aren’t prepared to budge you are well within your right to take your business to another lender; that’s the beauty of a variable home loan rate.” 
Lowest ongoing variable rates
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Rates remain on hold for the 33rd month, but here’s how to get a rate cut

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A three bedroom Eglinton, Western Australia home has been listed by mortgagees for $325,000.
John Douglas of Professionals holds the listing. 
Nestled on a 290 sqm allotment, the 2014 built home at <a href="https://www.realestate.com.au/property-house-wa-eglinton-131126606" target="_blank">87 Cinnabar Drive</a> comes with open-plan living/dining area, home theatre/formal lounge, modern kitchen, carpeted master bedroom and two other bedrooms. 
Other features include internal laundry, reverse cycle air conditioning and rear access to double lock up garage. 
The house is situated opposite a park.
It was previously listed with a price guide of $339,000 and $369,000 back in June 2018 which was reduced to $329,000 by the end of November 2018 when the property was taken off market again.
Last sold in 2013 the previous home traded for $193,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
According to CoreLogic, the annual change in median price in <a href="/developments/eglinton-wa-6034">Eglinton</a> over the past 10 years is -2.8%.
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Three bedroom Eglinton, WA mortgagee home listed for $325,000

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A four bedroom Cranbrook, Queensland house has been listed for mortgagee sale with a price guide of $249,000.
Annette Rowlings of Explore Property Townsville holds the listing.
Set on a 635 sqm block, the hi-set home at <a href="https://www.realestate.com.au/property-house-qld-cranbrook-131146058" target="_blank">41 Bergin Road</a> comprises four bedrooms upstairs, kitchen and iving zones downstairs plus extra rooms, inground swimming pool and undercover outdoor entertaining area. 
Other features include power room, garden shed and off street parking. 
It's close to James Cook University, Townsville General Hospital and Stockland Shopping Centre.  
Last sold in 1996 the home traded for $146,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="/developments/cranbrook-qld-4814">Cranbrook</a> sits at $240,750, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -2.8%.
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Cranbrook, Queensland mortgagee home with salt water pool listed for $249,000

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A two bedroom Southern Sydney apartment has been listed for mortgagee sale with a price guide of $450,000.
Dimitri Keramea and Bobbi Trajkovski of Laing + Simmons St George hold the listing.
With elevated views of the district and city, the apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-miranda-131152510" target="_blank">45/19 Central Road, Miranda</a> features open plan lounge and dining area, two bedrooms, and internal laundry which can be converted into study. 
It's within close proximity to Westfield, Miranda Station, parks and eateries. 
It has been scheduled for a June 1st auction. 
Last sold in 2001 the home transacted for $300,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt="">
The median price for a unit in <a href="/developments/miranda-nsw-2228">Miranda</a> is $685,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 6.9%.
 
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Two bedroom Miranda, NSW apartment listed by mortgagee

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A three bedroom Faulconbridge, New South Wales mortgagee home has been scheduled for auction on June 8 with a price guide of $460,000. 
Mark Barton of Bartons Real Estate Springwood holds the listing.
Located at <a href="https://www.realestate.com.au/property-house-nsw-faulconbridge-131153678" target="_blank">93 Chapman Parade</a>, the house comes with three bedrooms, entertaining area, utility room, two street access and big yard. 
The 1980 built home is within close proximity to primary and secondary schools. 
Set on 697 sqm the home was last listed as a rental in 2011 with an asking price of $370/pw.
Last sold in 2013 the home transacted for $390,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a house in <a href="https://www.propertyobserver.com.au/A%20three%20bedroom%20Faulconbridge,%20New%20South%20Wales%20mortgagee%20home%20has%20been%20scheduled%20for%20auction%20on%20June%208%20with%20a%20price%20guide%20of%20%24460,000.%20" target="_blank">Faulconbridge</a> is $685,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 6.4%. 
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Faulconbridge, NSW home set for mortgagee auction hammer

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EXPERT OBSERVER
The Urban Development Institute of Australia (UDIA WA) has congratulated the WA state government on a return to surplus in this year’s budget, however expressed a level of disappointment that this has not led to more significant stimulus measures for the struggling property market.  The Treasurer should be commended for his careful management of the state’s finances to get us to the point of a surplus in 2019/20 and progress toward his 150,000 new jobs target. While we welcome the temporary increases to Keystart thresholds that are the result of this stronger financial position, we do think that there is more the McGowan government could do to support people purchasing homes. The property industry has a significant impact on the WA economy contributing approximately $21 billion to Gross State Product in 2017/18, therefore measures to support households can also significantly boost our economy and local jobs.  The state government’s revenue, via property taxes in particular, would be boosted considerably if the property market recovery was further supported  The budget papers on one hand, recognise the decreased revenues that have resulted from ongoing weaker property market conditions and on the other hand, make predictions in the forward estimates about projected increases in revenue that are expected to come from sources such as transfer duty. Unless we see more support for the recovery, the government will not see an increase in revenue from these sources. FOREIGN BUYERS SURCHARGE:
UDIA also believes that the Foreign Buyers Surcharge (the surcharge) is not providing the government with as much revenue as was initially predicted in last year’s budget papers.  Last year the Treasurer was very enthusiastic about the prospect of about $120 million in expected revenue over four years resulting from the surcharge.  This year, the surcharge revenue figures are hard to judge given they are buried in the broader Transfer Duty line items. Last year the surcharge was listed as a separate line item with clear forward estimates related to revenue.   I just don’t see how that target will be reached given the decline in foreign investment we are experiencing,  when attracting foreign investment free of surcharges could have been a unique selling proposition and drive further investment for Perth. MARKET STIMULUS:
In terms of further market stimulus, UDIA wants to see a stamp duty concession introduced for seniors looking to downsize into more liveable homes.  As well as ensuring that seniors live in homes suitable to their needs, broader government revenues would benefit from a concession on stamp duty given the greater market activity it would generate.  Not to mention that it will free up more homes for younger families to access,. I hope that the Treasurer is true to the advice he gave to us today and considers a seniors stamp duty concession as the state finances continue to improve. INFRASTRUCTURE:
UDIA has also welcomed expenditure on METRONET, redevelopment plans for the East Perth Power Station and other major road infrastructure.  It is very encouraging to see that construction will start on the Thornlie-Cockburn and Yanchep rail lines this year.
The precincts around the new stations will create important opportunities to provide a diversity of more affordable, connected housing to the people of WA.
Infrastructure costs have fallen significantly in recent years, and given the surplus achieved and forecast, there is no better time for the government to invest in infrastructure. We are still keen to find out what the government’s value capture policy will be so that industry has more clarity regarding how that will impact development in those precincts. Details on Value Capture have not been listed in the budget papers.   Overall, UDIA is pleased to see that the state is in a more stable financial position than it has been in recent years and we trust that the state government will build on the Keystart initiative and continue to support the property market recovery moving forward.
TANYA STEINBECK is the UDIA WA CEO
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WA government must build on initial housing stimulus measures: UDIA WA's Tanya Steinbeck

<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.”

<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.

&nbsp;

Staff reporter

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