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A three bedroom Chatwood apartment with Harbour glimpses recently sold for $2.3 million by mortgagees.
It was listed by First National Real Estate Chatswood.
Perched upon the 37th floor, the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-chatswood-128992202" target="_blank">3701/1 Post Office Lane</a> apartment comes with three bedrooms dining and living areas, sleek open plan kitchen, two chic bathrooms and north facing entertainer's balcony. 
Additional features include video intercom, ducted reverse cycle air-conditioning, and double security parking.
Located in the heart of Chatwood's central business district, it is within close proximity to Woolworths and Chatswood Train Station. 
It last sold at $1.37 million. 
The median price for a unit in Chatswood is <a href="/developments/chatswood-nsw-2067">$1.08 million</a> according to CoreLogic.
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j.ballantyne1990-6AQqhLzZaK

Chatswood apartment sold for $2.31 million by mortgagees

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The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1% during the first three months of the year.
“This seasonally strong first quarter has delivered the highest increase in weekly rents since the corresponding first quarter a year ago,” says Cameron Kusher, Research Analyst for CoreLogic.
“Our regional housing markets are performing marginally better than the capital cities, many of which have been experiencing weaker rental market conditions in recent years due to excess housing supply and growing investor activity.”
“Quarterly rents have increased across all capital cities, bar Sydney and Darwin. Hobart is experiencing notable growth, with rents increasing by 3.6% over the past quarter. However, with a median rent of $582 per week, Sydney remains Australia's most expensive city for tenants by far.”
The Quarterly Rental Review also highlights a national increase in yields over the past three and 12 months. Gross rental yields for the first quarter are 4.10% compared to 3.95% in the previous quarter and 3.77% a year ago.
Darwin has the highest rental yield across the country with an annual median of 6%.
Sydney remains Australia’s most expensive capital city market, with a median weekly rent of $582, despite a decline of -3.1% over the past 12 months. While rents in Sydney remained the same as the previous month, they increased by 0.5% over the past quarter. Sydney also has the lowest rental yields out of all capital cities, at 3.5% over the past quarter.
Key findings – rents and yields
<ul>
<li>Nationally, rents increased by +1% over the March quarter and by 0.4% over the past 12 months. Combined capital city rents were 0.9% higher than the December 2018 quarter but -0.1% lower than the previous March quarter. This is the lowest annual change since CoreLogic started tracking rents in 2005. Regional rents were slightly stronger, with a 1.1% increase over the quarter and a 1.8% increase over the past year.</li>
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<ul>
<li>In the first quarter, rents climbed in all capital cities except for Darwin (-0.3%). Hobart was by far the strongest performer, with a 3.6% increase in rent over the past quarter, followed by Perth (+1.8%) and Canberra (+1.5%). Hobart also experienced the highest increase in rent over the past 12 months (+5.4%) while at the other end of the scale the media rent in Darwin fell by -5.7%.</li>
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<ul>
<li>Nationally, the median rent is $436 per week. The median rent across the capital cities is $465 per week, and $378 per week across the regionals.</li>
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<ul>
<li>Gross rental yields have increased from 3.8% to 4.1% nationally. Across the combined capitals, the average rental yield is 3.8% (up from 3.5%). Regional yields are far higher at 5.1%, up from 4.9% 12 months ago.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2019/4/8/capital%20city%20rent%20.jpg" target="_blank">Click here</a> to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/capital%20city%20rent%20.jpg" alt="">
Source: CoreLogic
The report showed Canberra with a median rental cost of $550 per week, an increase of 1.5% over the past quarter and 3.6% over the past 12 months. Canberra is one of only two capital cities (alongside Darwin) to experience a drop in weekly rent over the past month (-0.1%).
In Melbourne, rents are $454 a week – an increase of 1% over the quarter and 2.1% over the past 12 months. Melbourne also reported the greatest increase in rental yields out of all capital cities, with current rental yields being 3.6%, compared to 3.1% a year ago. Despite the rise in yields, Melbourne has the second lowest weekly rental yield out of all capital cities (after Sydney).
Brisbane rents are starting to climb again, with Brisbane now having a median weekly rent of $436. This is an increase of 0.8% over the past quarter, and 1.4% over the past 12 months.
Perth is the most affordable capital city to rent in with a median weekly rent of $385. However, it is showing signs of growth, achieving the second highest quarterly rate (after Hobart) with an increase of 1.8% over the past 3 months. Over the past year, Perth rents have increased by 2.1%.
Adelaide closely follows Perth to become the second most affordable capital city to rent a property in, with a median weekly rent of $386. Like Brisbane, it experienced a 0.8% rise in rents over the March quarter. Over the past 12 months, rents in Adelaide have risen by 1.2%. Gross rental yields have remained static over the year at 4.4%.
Hobart reported the strongest growth in rents, up 3.6% over the past quarter to $453 per week. Over the past year, rents have increased by 5.4%. Hobart also reports the strongest growth over the past month, with a 1.6% increase in weekly rent. Hobart also reported the second highest rental yield (after Darwin) of 5.1%, which remained the same as 12 months ago.
Darwin has experienced the most significant decline in rent to achieve a median weekly rent of $458. This is down -0.3% over the quarter and -5.7% over the past year. In addition, Darwin also reports a drop of 0.2% over the past month. However, at 6%, Darwin has the highest gross rental yield out of all the capital cities (up 0.1% on the past 12 months).
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Australian capital city rents rise over the first quarter: CoreLogic 

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Merribee, which has been a popular wedding setting for over 15 years at Numbaa, on the NSW South Coast has been listed for sale.
Merribee's <a href="https://www.realestate.com.au/property-acreage+semi-rural-nsw-numbaa-130915254" target="_blank">autumnal gardens</a> were once part of Alexander Berry's 100 sqm mile estate. 
<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/2019/4/8/Mer3.jpg" alt=""> The gardens feature seasonal veggies, herbs and fruits, flowering plants and trees.
Over the last 20 years, the owners have created a landscape reminiscent of a grand estate from Victorian times.
<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/2019/4/8/Mer2.jpg" alt="">
It has successfully hosted continuous weddings and functions for over 15 years and has a full book of business through to the end of 2020. 
It offers the ultimate lifestyle and has a full book of business through to the end of 2020.
This article was first published in the Sunday Telegraph.
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Merribee garden estate listed on the NSW South Coast

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Chinese investment in Australia dropped to AUD 8.2 billion in 2018 – down by 36.3% from 2017, according to the latest research from professional services firm KMPG.
KMPG's Demystifying Chinese investment in Australia report, written with The University of Sydney, found that private companies dominated the investment landscape.
They accounted for 87% of deal value and over 92% of deal volume, with an overall trend towards smaller sized deals.
Healthcare was the most popular sector for Chinese investors, with commercial real estate falling to second position. 
Chinese investors still see Australia as a relatively attractive country to invest in, the report notes, with an improving political climate, but they also confirmed that they are finding it harder to get capital out of China, and there are challenges raising capital in Australia.
 Knight Frank contributed data and analysis on commercial real estate transactions.
<a href="https://www.propertyobserver.com.au/images/2019/4/8/Chinese%20ODI%20to%20Austraia%20.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/4/8/Chinese%20ODI%20to%20Austraia%20.png" alt="">
“Despite Chinese global outbound direct investment actually growing by 4.2% in 2018, Australia has felt the pinch of a significant reduction to our shores, reflecting the impact of policy changes in China," said Doug Ferguson, KPMG's head of Asia and international markets and report co-author.
"Our rate of decline has been accelerating and is now closer to the trend observed in the United States and Canada, where Chinese Overseas Direct Investment dropped by 83% and 47% respectively in 2018.”
<a href="https://www.propertyobserver.com.au/images/2019/4/8/EU%20US%20AND%20AUSTRALIA%20.jpg" target="_blank">Click here</a> to enlarge:
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“While this annual result brings Chinese ODI in Australia back to the second lowest level since the mining and gas driven investment peak year of 2008, there is no reason why Australia can’t return to higher levels of Chinese capital inflow seen historically.”
“2018 need not define a trend of lower Chinese investment in Australia into the future but it is a moment to reflect upon. There are a great many opportunities for Chinese companies to contribute towards the development and internationalisation of Australian industries in the coming years. Australian companies seeking further investment must continue to explore and present unique opportunities that appeal to the key value drivers of targeted Chinese investors,” Mr Ferguson said.
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Fellow author, Professor Hans Hendrischke, Professor of Chinese Business &amp; Management at the University of Sydney Business School cited a number of factors in the decline.
“The continued reduction in Chinese investment in Australia reflects a combination of factors, including changing drivers of Chinese ODI such as an increased demand for outbound investment in high value-added sectors to ‘bring back’ expertise and high-quality brands and products that can support China’s industrial upgrading and meet the evolving demands of Chinese middle class consumers. 
"As part of this trend, large strategic investments in resources, energy and infrastructure have given way to smaller investments, into projects that are tactical and directly linked to Chinese consumer market demand. 
"This is particularly evident in the targeting of the Australian healthcare sector by Chinese investors.”
REPORT SUMMARY
Investment by Industry
After a steady growth trajectory since 2015, healthcare was the most significant sector for Chinese investment in 2018 representing 41.7% of total ODI, up 111% from 2017 to AUD 3.4 billion; followed by commercial real estate (36.7%); energy/gas and oil (8.8%); and mining (5.6%).
Healthcare saw three mega deals of over AUD 500 million were recorded in 2018 - from CDH Investment and China Grand Pharm into Sirtex Medical; By-Health into Life-Space Group; and China Jianyin’s Investment into Nature’s Care. There were another five other significant healthcare deals completed including a Chinese/Hong Kong consortium investing into IVF and fertility clinic group, Genea.
<a href="https://www.propertyobserver.com.au/images/2019/4/8/chinese%20investment%20by%20industry.jpg" target="_blank">Click here</a> to enlarge:
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Commercial real estate remained a leading sector for Chinese investment in 2018, accounting for AUD 3 billion of investment (down from AUD 4.4 billion in 2017), continuing to attract a similarly significant proportion (11%) of China’s total global overseas real estate investment. Mixed use development accounted for 40% of total investment inflow, driven by the Yuhu Group’s AUD 1.1 billion acquisition of Dalian Wanda’s property assets in Australia. Investment in the office sector made up 31% of the total, supported by Zone Q’s acquisition of 55 Clarence Street. Residential development sites also continued to account for a significant share (18%) of investment in Australian real estate.
“Australia continues to attract a high level of Chinese investment into commercial real estate, with total investment reaching AUD 3 billion in 2018. While this was 31% down on the 2017 level, the drop was in line with a wider global trend toward lower Chinese outbound investment in other key markets such as the US and UK during 2018. So Australia remains a key destination, taking around 11% of total Chinese outbound real estate investment,” said Ben Burtston, Partner, Head of Research &amp; Consulting, Knight Frank Australia.
“Changing conditions in the residential market have acted to dampen the appetite for large development site acquisitions, although we continue to see a high volume of private investment in the office sector in particular. Looking ahead, we expect to see more Chinese investors venturing beyond Sydney and Melbourne as market conditions improve in the likes of Brisbane, Perth and Adelaide.”
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Three deals in 2018 saw Chinese investment in energy (oil and gas) grow 295% to AUD 726 million, however this was primarily driven by ENN’s acquisition of more shares in Santos for AUD 619 million. The other deals were smaller scale investments in Queensland and Western Australia.
The mining sector accounted for 5.6 percent of the total Chinese investment inflow with five mining deals totalling AUD 464 million in 2018, a decrease of over 90 percent from 2017. Chinese mining investment in Australia returned to 2016 levels after a peak in 2017 due to Yancoal’s AUD 3.4 billion acquisition of Rio Tinto’s thermal coal assets.
Renewable energy recorded four new investments in 2018, totalling just under AUD 400 million, which is a similar level to 2016 and an increase over the AUD 124 million recorded in 2017.
Food and agribusiness investment totaled less than AUD 100 million in 2018, while the only infrastructure and construction transaction recorded was John Holland’s (owned by CCCI) acquisition of engineering group RCR Tomlinson’s rail business.
Investment by Geography
Chinese capital was again focused in NSW in 2018, with the state accounting for over half (53%) of all investment: AUD 4.4 billion. Victoria saw a drop from 36% of total investment in 2017 to 27% in 2018. Investment in South Australia rose to AUD 640 million from AUD 455 million, with the state attracting 8% of total inflows. Queensland investment fell to AUD 396 million in 2018, compared to AUD 667 million last year. Tasmania accounted for 4% of total investment, with deals worth AUD 342 million, while Western Australia saw inflows of AUD 263 million.
<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/2019/4/8/investment%20by%20state.jpg" alt="">
Investment by Deal Size
The trend toward smaller deals continued in 2018 with an average deal value of AUD 111 million, down from AUD 130 million in 2017. The number of deals also dropped to 74 from 100. 85% of deals fell below the AUD 100 million mark. This reflects more deals being done in mid-sized Australian markets in health, technology, services and real estate sectors.
Investment by Ownership
Private investors accounted for 92% of the Chinese deal volume and 97% of deal value in 2018, up from 83% in number and 60% in volume in 2017.
Investment by State Owned Enterprises (SOEs) dropped to just over AUD 1 billion – representing 8% of deal volume and 13% of deal value.
<a href="https://www.propertyobserver.com.au/images/2019/4/8/investment%20by%20ownership%20.jpg" target="_blank">Click here</a> to enlarge:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/investment%20by%20ownership%20.jpg" alt="">
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Chinese Investors in Australia Survey
The Chinese Investors in Australia Survey involved surveys and interviews with senior executives from 56 Chinese-invested companies located in Australia on their perceptions of the Australian investment climate and key challenges they face in Australia. The research was undertaken in February 2019.
<a href="https://www.propertyobserver.com.au/images/2019/4/8/survey%20.jpg" target="_blank">Click here</a> to enlarge:
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/survey%20.jpg" alt="">
Source: KPMG
Commenting on the survey results, Professor Hendrischke said the investment climate for Chinese companies in Australia was mixed in 2018. While Australia remains a preferred investment destination relative to other countries, Chinese executives are finding it harder to get investment approvals and capital out of China.
“Our local survey also revealed mixed sentiment amongst the perceptions of Chinese investor," Hendrischke noted.
"There was an increase in the number of Chinese executives who told us they feel welcome to invest in Australia - up to 38 percent, compared to 35 percent in 2017. However there was also an increase in the percentage of respondents who feel unwelcome, from 15% to 19%. 
"One area of note is the improving perceptions around Australia’s political environment regarding China, with the number of respondents saying that past year’s political debate has made them more cautious to invest falling to 59%, compared to 70% in 2017.”
“Our survey and interviews with Chinese investors indicate a level of concern around the costs of doing business. Australia continues to be seen by Chinese investors as a more expensive country to operate in than the UK, US and Canada, with challenges noted in areas such as obtaining finance, low profitability, government approvals, finding qualified staff and building relationships with local Australian management,” added the Professor.
Outlook
“Looking forward, it seems Australia’s investment links with China may be increasingly affected by global, rather than purely bilateral dynamics. At the same time, the recent decline in Chinese investment in Australia provides an opportunity to reflect on the role that future Chinese investment should play in Australia’s long-term domestic economy and our economic integration into the Asian region. This should be done with clear focus on the new opportunities for foreign investment which are expected to continue to open up in the China market, including with the implementation of the new Foreign Investment Law and related rules and regulations,” said Mr Ferguson.
“There is still a long journey ahead for many Australian industries that have the potential to receive much greater sums of Chinese investment – but there is much that must be done on both sides to improve the perception of the Australian market to Chinese investors,” he concluded.
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Chinese investment in Australia falls 36.3 percent in 2018

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Dentist Nasser El Hage and his cosmetic surgeon wife Dr Alia Nasser had their Paddington property passed in at yesterday’s onsite auction, but it sold soon after at an undisclosed price, reportedly $7.7 million.
The Caledonia Street holding (above and below) cost $4,779,000 in 2013, along with a further outlay for a one bedroom with car spot across the street.
<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/2019/4/8/Cal1.jpg" alt="">
The couple had just sold their futuristic Renaldo Gaiety-designed home in Sans Souci for a then suburb record of $3,025,000.
The Agency’s Ben Collier saw only the one bid of $7.625 million secured by the struggling auctioneer who sought shade from sun under the glorious olive tree in the private courtyard on the 450sqm property.
<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/2019/4/8/CAL3.jpg" alt="">
A nearby offering is being auctioned next week by Basil Mcilhagga, the Hong Kong-based CEO of gold miner Stibium, who has $5.5 million hopes through BradfieldCleary agents Bob Guth and Georgie Cleary.
Mcilhagga’s initial purchase was a 300sqm corner terrace costing $540,000 in 1992, then adding next door for $360,000 in 1999.
This article was first published in the Sunday Telegraph. 
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Caledonia Street, Paddington street record set from 450 spm offering

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Weekend auction reports were at odds on the status of a sale in Melbourne prestige Malvern East property market.
Nine Entertainment carried two conflicting stories on <a href="https://www.realestate.com.au/property-house-vic-malvern+east-130656822" target="_blank">a 1920s Malvern East home sale result</a>.
One report had Kay &amp; Burton's Michael Armstrong noting that buyer confidence was "coming back to the market citing an auction at 56 Clarence Street, Malvern East, selling for about $3 million."
However The Australian Financial Review disputed Domain when referencing the view of buyer's agent Emma Bloom who has provided regular Monday morning negative market commentary ever since quitting her estate agency job at Kay &amp; Burton last year.
Bloom noted the 1920s five-bedroom residence at 56 Clarence Street passed in after a vendor bid but sold soon after for $2.76 million, which was lower than its $3.2 million official valuation.
There had been $2.8 million to $3 million pre-auction price guidance given by the K&amp;B agents Gerald Delany and Mark Mckenzie.
Bloom became an estate agent in 2012 in sales with Kay &amp; Burton South Yarra after nine years with women’s fashion brand Portmans, which was owned by her father Norman and uncle Barry until its sale to Just Jeans.
The property, nestled on the fringe of the Gascoigne Estate, sits on 775sqm. 
Admired for its elegant period façade, the existing five bedroom, three bathroom family home presented an opportunity to secure a site for a luxury new home.
It sold for $65,000 in 1978.
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Different spin on Malvern East auction outcome 

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GUEST OBSERVATION
You’re smiling as your e-scooter whispers along the riverside path. Without the helmet, the wind can blow through your hair – and it looks good! You hear a shout, “Pull over!”, and turn to see police heading towards you with your helmet in hand.
Police conducted a <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-03-30/electric-scooters-riders-fined-safety-breaches-brisbane-qld/10956110" target="_blank">blitz on safety breaches</a> by eletric scooter riders in Brisbane over the weekend. And employees of operator Lime tell us safety issues have been persistent in <a href="https://theconversation.com/limes-not-lemons-lessons-from-australias-first-e-scooter-sharing-trial-108924" target="_blank">Australia’s first trial of a shared e-scooter scheme</a>.
How do we educate users about helmets and safe riding behaviour? And how can helmets be distributed cost-effectively?
As with other disruptive tech companies with mass appeal, the safety and regulatory issues raised by e-scooters – including <a href="https://theconversation.com/electric-scooters-on-collision-course-with-pedestrians-and-lawmakers-99654" target="_blank">rider and pedestrian safety</a> and being <a href="https://theconversation.com/can-e-scooters-solve-the-last-mile-problem-theyll-need-to-avoid-the-fate-of-dockless-bikes-102633" target="_blank">left in inappropriate places</a> – are attracting attention. A closely related issue is helmets and their role in rider safety.
Scooter operators have come under <a href="https://www.brisbanetimes.com.au/national/queensland/better-helmet-compliance-needed-for-lime-scooters-lord-mayor-says-20190212-p50xcs" target="_blank">pressure to encourage riders to wear helmets</a>. The RACQ has <a href="https://live.racq.com.au/2019/03/majority-of-scooter-riders-going-too-fast/" target="_blank">called on Lime</a> “to ensure every scooter put out has a helmet attached”.
A day in the life of a helmet
Ultimately, responsibility for public safety and compliance with civic cleanliness rests with the individual mobility provider. Lime accepts this and has announced it will <a href="https://www.li.me/respect-the-ride" target="_blank">distribute 250,000 helmets</a> worldwide.
Each day fully charged scooters, with helmets, are placed on footpaths. At the end of each day, the tally of scooters and helmets does not add up. This is known in the industry as helmet churn – the constant loss and replacement of helmets. Unlike the scooters themselves, which have smart tracking technology, helmets are kept cheap to minimise the cost of these losses.
Let’s try to unpack the issue of helmet churn.
It is agreed that not wearing a helmet plays a part in the problem. Some riders simply leave it behind. Aside from being unsafe, this separates the helmet from the scooter, so it becomes unavailable for the next scooter user.
New insights are emerging as we begin to study this phenomenon. Reasons for helmet churn are linked to a reluctance to share them – we believe some riders worry about hygiene – and it being a disposable product. It seems there may even be feelings of ownership, with some perceiving the helmet to become their property through paying for the ride.
<a href="https://images.theconversation.com/files/264308/original/file-20190318-28483-1pxl1jp.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/264308/original/file-20190318-28483-1pxl1jp.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Assumed reasons for helmet churn. Peter Townson/QUT Chair in Digital Economy
Limits of deterrence
Two main compliance mechanisms are in place to discourage riders from contributing to helmet churn: police and Lime.
In Queensland, the <a href="https://www.qld.gov.au/transport/safety/rules/wheeled-devices/personal-mobility-devices" target="_blank">fine for not wearing a helmet is A$130</a>. In <a href="https://www.rsc.wa.gov.au/Rules-Penalties/Browse/Cyclists" target="_blank">other</a> <a href="https://www.vicroads.vic.gov.au/safety-and-road-rules/road-rules/penalties/fines" target="_blank">states</a> and <a href="https://police.act.gov.au/road-safety/traffic-fines" target="_blank">territories</a> fines range from as little as <a href="https://nt.gov.au/driving/driving-offences-and-penalties/cycling-penalties" target="_blank">A$25</a> to as much as <a href="https://roadsafety.transport.nsw.gov.au/campaigns/go-together/faqs" target="_blank">A$337</a>.
<a href="https://eprints.qut.edu.au/110376/" target="_blank">Research into deviant consumer behaviour</a> tells us this tactic of appealing to fear of punishment extends only to riders wearing helmets. It does not have an effect on the broader issues of vandalism and theft.
<a href="https://images.theconversation.com/files/267495/original/file-20190404-131434-s370no.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/267495/original/file-20190404-131434-s370no.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The penalty for not wearing a helmet in each state. Peter Townson/QUT Chair in Digital Economy
The <a href="https://eprints.qut.edu.au/110376/" target="_blank">research</a> also suggests the “fear of punishment” approach makes two critical assumptions:
<ol>
<li>that people agree the behaviour is wrong (“yes, this is dangerous”)</li>
<li>riders think there is a real risk of being caught (“catch me if you can”).</li>
</ol>
Given this is not always the case, a risk-based approach to deterrence is limited.
Lime also plays a part in curbing helmet noncompliance. Its current strategy, aside from providing the helmets, is the <a href="https://www.li.me/respect-the-ride" target="_blank">Respect the Ride</a> education program. It aims to foster a community and culture of safe mobility, underpinned by a personal pledge each rider is encouraged to make.
This approach is appropriate for trying to change the behaviour of not wearing a helmet. It does not target people who are taking advantage of publicly available helmets.
These measures still do not fully solve a pervasive problem.
You have a disruptive mobility company in the spotlight because of safety concerns. The company has a duty of care to supply helmets and ensure riders are safe. Riders are disregarding, disposing of, defacing and destroying helmets.
How do we solve this tough, intractable, social problem?
A shift in thinking – ecosystem view
If helmet churn exists for Lime scooters, then it exists for all other ride-share operators in that area. If a helmet isn’t available, riders will often borrow from other services such as share bikes.
Helmets are sometimes considered “free for grabs” across different mobility providers. Should the duty of care that requires helmets be provided rest on each mobility service operator, when the noncompliance of one undermines them all?
While these personal transport providers are in competition with one another, they have an opportunity to relinquish their individual burden of helmet churn by working together on the problem.
A shift in thinking – personalised view
If the one constant across various mobility services is the rider, we should also consider a “bring your own helmet” approach. This approach possibly started in technology companies (“bring your own device”, allowing employees and customers to use their own devices to interact with an organisation) and has spread to other areas. For instance, environmentally conscious coffee lovers bring their own cups, while still having the option of using a paper cup.
Could a similar option work for helmets? <a href="https://www.ecohelmet.com/" target="_blank">Disposable helmets – made of cardboard – are being tested</a> as a concept. And personalised helmets that look and feel like a beanie can be <a href="https://antiordinary.co/" target="_blank">pre-purchased from a start-up created by QUT students</a>.
Cyclists still carry their own helmets when they commute on their own bikes, so the acceptance of this BYO approach should be simple. The difference is users need only provide a helmet, without having to worry about finding safe parking and storage places for the day or overnight.
Adapting to disruption
The meaning of a helmet has shifted significantly from individual property to a shared utility, as has the meaning of many modes of transport, including bikes and scooters. There are two paths from here: ecosystem, with ubiquitous helmets available for everyone; and personalised, with riders bringing their own helmets.
Either of these is different from the world we know today. The bigger picture is a collaborative effort to achieve the goal of rider safety.
Peter Townson, Senior Designer, Chair in Digital Economy, Queensland University of Technology
Marek Kowalkiewicz, Professor and Chair in Digital Economy, Queensland 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/helmet-churn-adds-to-challenges-of-e-scooter-disruption-113754" target="_blank">original article</a>.
Main photo: Lime is working on ways to overcome the problem of ‘helmet churn’ on its e-scooters. Marvin Fox Photography, Author provided
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Helmet churn adds to challenges of e-scooter disruption

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GUEST OBSERVATION
On the night the 2016 <a href="https://www.propertyobserver.com.au/https://www.abs.gov.au/ausstats/abs@.nsf/mf/2049.0" target="_blank">census </a> was taken, more than 116,000 Australians were homeless. This was a 30% increase from the decade before.
What has driven this increase is difficult to pin down, but research points to a lack of affordable housing, poverty and personal vulnerabilities such as trauma, mental illness and substance misuse as key factors.
We recently published a paper in the <a href="https://link.springer.com/article/10.1007/s10940-019-09407-y" target="_blank">Journal of Quantitative Criminology</a>, exploiting a rich dataset derived from tracking 1,600 disadvantaged respondents over approximately three years.
And we found people who have been incarcerated are at a greater risk of becoming homeless. But interestingly, the reverse isn’t true – homeless people are not at greater risk of incarceration.
Identifying similarities
Like the homeless population, Australia’s prison population has increased by <a href="https://www.propertyobserver.com.au/http://www.abs.gov.au/ausstats/abs@.nsf/mf/4512.0?OpenDocument" target="_blank">56%</a> in the past decade, from 25,968 to 40,577 people.
Social researchers and policymakers have long been aware of a strong association between incarceration and homelessness. Local and international <a href="https://journals.sagepub.com/doi/abs/10.1375/acri.39.1.20" target="_blank">studies</a> consistently report the homeless are over-represented in prison and ex-prisoners are over-represented among the homeless.
That such a strong association exists should come as no surprise.
Both populations share many similar characteristics – lower education levels, high rates of mental and physical illness and substance misuse, as well as high rates of economic disadvantage.
Yet, despite numerous studies, the question of whether this association reflects causal relationships has proven surprisingly difficult to answer.
One reason for this is that researchers have had to rely on samples of either prisoners or the homeless, and these samples are not suited to addressing questions of causality.
Are homeless people more likely to be imprisoned?
Our paper used data from <a href="https://melbourneinstitute.unimelb.edu.au/journeys-home" target="_blank">Journeys Home</a>, a study uniquely suited to shedding light on the relationship between incarceration and homelessness. Launched in 2011, Journeys Home not only tracks people exposed to homelessness and housing insecurity over time, but also it captures important information on their housing circumstances and contact with the justice system.
There is no universally agreed definition of homelessness, so we tested two different approaches – broad and literal.
Our broad definition included people sleeping rough, people in emergency accommodation, in boarding houses, couch surfing and people staying temporarily in a hotel or caravan park. This aligns with the way homelessness is commonly defined in Australia.
We found that homelessness, broadly defined, does not increase the risk of incarceration.
Being “literally” homeless is a more limited definition commonly used in the USA. It restricts the definition to those who were on the streets, in squats or staying in emergency or crisis accommodation.
Based on <a href="https://repository.upenn.edu/cgi/viewcontent.cgi?article=1118&amp;context=spp_papers" target="_blank">previous research</a>, we expected this form of homelessness would be linked to a higher risk of incarceration.
To our surprise, it wasn’t. Being literally homeless also has no effect.
Why might this be the case?
When we examined forms of contact with the justice system, we found being homeless does not increase the risk of being apprehended or held overnight by the police or sent to court.
This suggests homelessness does not lead to incarceration because it does not increase any type of contact with the justice system usually preceding incarceration.
Are ex-prisoners more likely to become homeless?
The answer is yes, but the immediate effect is modest.
Our research shows the risk of ex-prisoners becoming homeless increases significantly six months after release, and this increased risk persists for nearly another year.
Responding to the delayed and persistent effect of incarceration is important.
Policy interventions such as <a href="http://www.corrections.vic.gov.au/home/release/transition+programs/" target="_blank">Reconnect</a>, a transition and post-release support program, provide assistance for a short period (up to 12 weeks) following discharge. While this is clearly warranted, our results suggest the need to broaden and extend existing interventions.
Many ex-prisoners rely on family and friends in the immediate period following release. Many appear to enjoy a “<a href="https://www.tandfonline.com/doi/abs/10.1300/J076v43n01_05" target="_blank">honeymoon</a>” period of six months or so.
At that point, ex-prisoners’ housing starts to breakdown. Many start to couch surf or live in boarding houses, where there is limited housing security and they are exposed to poor living conditions.
Clearly, families provide important social support to ex-prisoners, but they often have limited resources. Based on our research, we feel that policy initiatives should consider ways of engaging and supporting ex-prisoners’ families, as well as funding extended settlement support programs delivered through a range of supported housing arrangements.
A focus on assisting families and extending settlement support programs is the next step in developing policy approaches. These would more effectively mitigate the extended risk of homelessness and housing instability that our research shows ex-prisoners experience.<img src="https://counter.theconversation.com/content/113570/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;">
Guy Johnson, Professor, Urban Housing and Homelessness, RMIT University
Julie Moschion, Senior Research Fellow, Melbourne Institute, University of Melbourne
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/ex-prisoners-are-more-likely-to-become-homeless-but-the-reverse-isnt-true-113570" target="_blank">original article</a>.
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Ex-prisoners are more likely to become homeless but the reverse isn’t true

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JLL’s new Brisbane headquarters, Central Plaza, has earned a 6 star Green Star Interiors v1.1 rating.
The Green Building Council of Australia (GBCA) placed the tenancy, on levels 39 and 40 at 345 Queen Street (pictured), in the World Leadership category.
6 stars is the highest rating that the GBCA can award in Australia.
The JLL Brisbane fitout, for which used its own in-house expertise rather than external consultants, is one of the only two fitouts to be rated a 6 star under Green Star interiors v1.1.
JLL’s Managing Director – Queensland, Geoff McIntyre, said: "this great achievement reflects the collaboration of so many different parts of our business from project management through to sustainability services. We have set a new internal standard, and we can roll out all future projects using this model."
JLL's Head of Energy and Sustainability Services – Asia Pacific, Matt Clifford, said: “this project is a clear demonstration that with the right approach, and the right leadership, achieving world-class levels of sustainability doesn’t need to be hard or costly. Rather, it can be simple, cost-effective and good for the environment, while delivering a fantastic place for our staff to work." 
“The use of LED lighting and timed sensors in the JLL Brisbane office has reduced the consumption to 33 per cent of recommended Australia Standards for lighting, which is expected to result in significantly lower electricity costs," he concluded.
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JLL Brisbane headquarters achieves 6 star Green Star rating

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New South Wales-based property developer Capital Bluestone is set to align itself with global development firm Aoyuan International.
Headed by Steve Grant and Ben Fairfax, Capital Bluestone has been operating for more than 28 years.
Capital Bluestone have completed six projects across five sites including the award-winning Woolooware Bay Town Centre.
The move will see them continue as a division of Aoyuan International, working together across a portfolio of 16 projects in metropolitan Sydney and regional NSW markets.
Aoyuan International has built 10 projects including apartment and land sub-division sites in Sydney’s CBD, East, Inner West, North Shore and Southern Highlands since arriving in Australia
It most recently delivered the $380 million, 138-apartment luxury development One30 Hyde Park (pictured above) overlooking Hyde Park at the corner of Elizabeth and Liverpool Streets in the Sydney CBD.
Aoyuan International also has interests in Canada and Hong Kong.
Capital Bluestone Executive Chairman Steve Grant said: "the beauty of this arrangement is that in a challenging time with the banking sector and accessing finance, Aoyuan International’s capital markets expertise and strength puts us in the box seat to become a highly competitive, major force in the Australian property industry for a long time to come."
“We have a high regard for Capital Bluestone’s capability and reputation in the market and feel they’re a very good fit for our current portfolio and team,” he added.
Capital Bluestone Managing Director Ben Fairfax said cultural fit and focus had been a key consideration for both businesses.
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Capital Bluestone to partner up with Aoyuan International

<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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