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Australia’s oldest surviving customs building, Customs House in Sydney, will become home to local coworking operator Hub Australia’s newest Sydney location.
This will be Hub's seventh location nationally with a footprint of over 21,000 sqm square metres.
As the country’s largest locally owned coworking operator, Hub Australia will occupy the entirety of levels three and four of the building, the only commercial office levels available.
Totalling 2,341 square metres Hub Customs House will feature five premium business suites which accommodate teams of 20 as well as offices for teams from one to 20 people.
The Customs House deal comes as Hub Australia’s original Sydney site, Hub William Street, is scheduled for closure on 31 March 2019, due to the current lease ending.
Many of the current Hub Williams Street members will relocate to the Hub Hyde Park site.
Hub Australia CEO and Founder, Brad Krauskopf, said, "the demand for quality coworking space is not slowing down, especially in Sydney where office vacancy has hit 4.1 per cent which is the lowest level since 2000."
"In addition to Customs House, we’re actively looking for more sites in the Sydney market... we are aiming to secure three or four new sites each year in unrivalled CBD locations and unique buildings.”
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“Customs House is a historic landmark building perfectly positioned in the evolving Circular Quay precinct. Our members will benefit from the central CBD location, multiple transport links including the future light rail and wider development in the area such as the Gateway dining precinct, Quay Quarter and Wanda’s One Circular Quay hotel and apartment project,” says Krauskopf.
Tom Buxton, Colliers, who negotiated the lease for landlord, the City of Sydney, said,  “Customs House will provide an outstanding space for Hub Australia’s latest site. The buildings stunning heritage features will complement the Hub Australia‘experience’ and provide its members with outstanding workspaces among some of the best amenity that a central CBD location like this provides.”
The building is also home to Customs House Library and, Café Sydney, as well as playing host to public events such as the National Young Writers Festival launch.
The historic building still features original heritage elements including sandstone feature walls, and original timber windows and door frames.
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Hub Customs House is expected to open on 1 August 2019.
It is situated immediately adjacent to multiple public transport modes on Circular Quay,plus a 10 minute walk from Martin Place, 15 minute walk from Town Hall and five minutes from the Sydney Opera House.
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j.ballantyne1990-6AQqhLzZaK

Hub Australia secures new coworking site in Australia's oldest Customs House

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The Albany Gardens Holiday Resort and Lifestyle Village have been listed for sale. 
Located in WA’s fifth largest city, in the town’s central district, the Albany Gardens Holiday Resort and Lifestyle Village spans more than 5.5ha.
It's features include a tennis court, swimming pool, games room and playground. 
The resort, comprising 4 ha of land, includes a total of 119 sites.
These site comprise deluxe units, holiday units, chalets, ensuite sites, powered and unpowered sites, as well as 18 permanent sites with modular homes. 
Developed over 1.6 ha on a separate title, the lifestyle village consists of 45 permanent sites furnished with modular housing. 
CBRE Hotels’ Ryan McGinnity and Chloe Mason, jointly with Caravan Park Brokers Australia’s Dale Wood, have been appointed to market the property. 
Mr McGinnity said the opportunity to acquire an established tourism operation in one of the state’s most popular tourism destinations would underpin buyer interest. 
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Mr McGinnity said, “The quality and popularity of the park is highlighted by the number of positive ratings and comments on public forums such as Tripadvisor.” 
CBRE’s Ms Mason said Albany Lifestyle Village are currently 100% occupied.
He added, “with an aged care action plan in place, the City of Albany is focused on creating friendly, enjoyable, secure and healthy places to retire, which will further benefit from such villages as Albany Gardens.” 
The expressions of interest campaign closes April 11, 2019.
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Albany Holiday Resort and Lifestyle Village listed

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A leased office warehouse 170 Grange Road Fairfield has sold for $1,910,000, $600,000 in excess of the vendor reserve. 
The auction attracted over 50 bids with three bidders fighting it out until the end. 
An established Melbourne private investor family was the successful purchaser
The freehold property has an area of 809 sqm on which is the building area of 702 sqm with a 20 metre street frontage to the eastern side of Grange Road. 
For the business conducted on site there is off-street parking on the property foreground for eight vehicles. 
The tenant Dastech Pty Ltd trading as ‘Cars of France’ holds a four year lease that commenced in January 2017 with one further two year option to renew included. 
The current annual rental is $66,430 gross plus GST to give an indicative net yield at the selling price of 3.1%. 
Gray Johnson director Matt Hoath noted that Grange Road is a major feeder access road to the Fairfield Industrial precinct and the extensive industrial and commercial areas further north to Bell Street Preston in particular. 
“There are major infrastructure works underway around the junction of Heidelberg and Grange Roads."
“We think all these construction works have enhanced the appeal of the Fairfield industrial precinct and the offer of 170 Grange Road was a timely opportunity for investors and land bankers” Mr Hoath says.
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170 Grange Road Fairfield sells for 46% above reserve

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Cushman &amp; Wakefield have managed and completed the sale and lease of adjacent properties at in the suburb of Rowville in Melbourne’s south east.
Situated at 35 and 37 Laser Drive respectively Extreme Land Pty Ltd purchased the property located at 35 Laser Drive from Inga Pty Ltd for $1.92 million.
Extreme recently sold their Springvale facility.
35 Laser Drive property comprises a warehouse and two-level office over 1,372 sqm.
Jordie Cassidy and Andrew O’Connell from Cushman &amp; Wakefield managed the sale.
At 37 Laser Drive, A2Z Flashings Pty Ltd has leased a soon to be refurbished warehouse and office space from Marvic Downs Pty Ltd. 
A2Z Flashings Pty Ltd are to relocate from their existing space at Ferntree Gully. 
The property comprises a two-level office across 267 sqm, a 1,009 sqm clear span warehouse and 22 off street car spaces.
The leasing agreement comprised rents of approximately $100 per sqm, with the transaction also managed by Jordie Cassidy and Andrew O’Connell.
Jordie Cassidy said, “Tenant demand is still strong for sub 2,000 sqm buildings in Rowville with very limited stock on the market. As a result, we’re beginning to see face rents begin in slowly increase.”
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Successful sale and lease at neighbouring industrial properties in Rowville

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An architect-redesigned terrace at Paddington has been recently offered for sale.
The mixed-use terrace has been listed by Catherine Dixon and Eliza McGrath from Phillips Pantzer Donnelley Woollahra.
Occupying a prominent position at The Intersection, the tri-level terrace at<a href="https://www.realestate.com.au/property-house-nsw-paddington-130627350" target="_blank"> 32 Glenmore Road</a> features a flexible layout with a high-exposure retail space and three-bedroom residence.
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It comes with whole-floor living and entertaining, streamlined kitchen, master suite with a study, two other bedrooms, and landscaped garden courtyard.
Other highlights include wide frontage, internal atrium, terrazzo floors, track lighting and reverse cycle air.
The terrace is within close proximity to Oxford Street and less than 3km to the CBD.
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Mixed use Paddington terrace listed for sale 

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Savills Australia is celebrating recruitment success, after enlisting 12 staff members from JLL’s Sydney and Melbourne industrial businesses in the past four months.
Savills Australia &amp; New Zealand CEO, Paul Craig, said the company was “aggressively growing several core divisions”, with the Industrial &amp; Business Services and Office Leasing product lines leading the charge.
"We have welcomed more than 300 new staff members in the past 12 months, with 66 of those starting in the past six weeks." 
“Of the new hires, 15 are returning employees, highlighting the attraction of Savills collaborative workplace culture and our ongoing commitment to developing our people," he concluded.
The agency’s Industrial &amp; Business Services division is set to expand with the appointment of 12 industrial team members from JLL, including directors Michael Wall, Nick Crothers, Brad Esler, Scott Nienhuis, Jeremy Cooper and Edward Washer.
National head of Industrial &amp; Business Services, Michael Fenton, who also joined Savills from JLL last year, said the recruitment was consistent with the business’ national growth strategy to take Savills to the top ranking in the Australian industrial market.
Savills have also opened a new South Sydney Office (pictured).
The news follows Savills announcement of an alliance with Queensland-based proptech start-up company, SA1 Property, in late 2018.
Mr Fenton said the union had been allowing Savills to provide its clients with "unique information for location decisions," which were likely to result in “millions of dollars in savings for industrial occupiers and de-risk the investment thesis for investors and developers in transactions”.
“This is an exciting point of difference for Savills and is generating business for our industrial agency and tenant representation product lines,” he said.
 
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Savills Australia welcomes over 300 new staff members in the past year

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EXPERT OBSERVATION
We now think that the RBA will make two rate cuts in 2019.
Growth appears to have lost significant momentum, placing at risk further improvement in the labour market at a time when inflation poses little constraint on policy and financial stability risks have abated.
We have pencilled in one 25bp cut to 1.25% in July and a further 25bp cut to 1% in November.
We see the timing of a rate cut as very data dependent; any deterioration in the labour market would lead to cuts and this could happen earlier than the financial market currently anticipates. 
If, as we expect, the loss of momentum in private-sector activity seen in H2 2018 continues, then there is unlikely to be much improvement in the labour market despite its resilience to date. This view is reinforced by the forward indicators in the NAB Business Survey pointing to continuing (if not further) weakening. That is especially so for private consumption and the residential construction cycle.
This means the RBA outlook for a further fall in unemployment to gradually lift wages and ultimately inflation is increasingly in doubt. We therefore expect the RBA to provide some further support to the economy in the form of lower interest rates.
Determining the timing of such moves is much more difficult, but we are forecasting two 25bp cuts in July and November. In this respect, we note that the RBA is independent and the political cycle should and will be irrelevant to the timing of a rate cut.
With monetary policy being forward looking, we think the RBA will act this year on a “no regrets” basis to boost economic activity and to offset a likely (on our forecasts) increase in unemployment in 2020. It is possible that further policy adjustment will be required in 2020.
Last month we removed our expectation for any increase in the cash rate over the next 18 months.
Even when judged against the RBA’s relatively positive outlook for growth and relatively good labour market outcomes, there seemed little case for a near-term increase in the cash rate given inflation remained a little below target. In shifting our view, we noted that, if anything, there was a significant chance of a near-term interest rate cut, particularly should building downside risks materialise.
The Q4 national accounts confirmed that the downturn in the residential construction sector is likely to be as sharp as we had previously forecast and similar in magnitude to the early 1990s recession. It also confirmed that consumption growth has remained weak, alongside only modest growth in household income.
The NAB Monthly Business Survey showed that the business sector lost significant momentum through the second half of 2018, with low business confidence suggesting little expected improvement. Indeed forward indicators in the Survey all suggested that firms believe that the loss of momentum will continue.
The only part of the Survey that had maintained strong momentum is employment, but we see this as very much related to previously strong conditions in H1 2018. The key question then is: will employment continue to hold up?
We fear not, given job advertisements have declined modestly for a number of months, suggesting that employment growth will ease. While we have only made modest downward revisions to our previous growth forecasts of 2.4% this year and 2.2% next year, we now expect little if any improvement in the near term in the unemployment rate, with an eventual increase later in the forecast horizon.
Wage growth is predicted to lift to around 2½ -2¾% by the end 2020 - not seen to be enough to see inflation rise to the middle of the RBA target band.
There remains some downside risks to our growth forecasts - and consequently labour market and inflation forecasts - if there turn out to be significant ‘wealth effects’ from the fall in house prices or if business investment should turn out materially weaker, as the Business Survey has begun to suggest as a risk.
What developments would allow the RBA to continue to keep interest rates on hold?
Chiefly, if the unemployment rate remained low – or declined further – in spite of ongoing weak consumption growth and the downturn in housing construction. That seems unlikely to us.
Substantial fiscal stimulus in the upcoming Budget would also be helpful, as would a sustained reduction in short-end funding pressures faced by lenders.
ALAN OSTER is the Chief Economist for NAB Group
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NAB now predicting two cash rate cuts in 2019: Alan Oster

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Kaufland, one of the world’s largest supermarket chains, has confirmed it will open its first Australian distribution centre at the Merrifield Business Park (pictured) in Melbourne’s north.
The supermarket chain has purchased a large 28-hectare site.
It plans to construct a 110,000 sqm distribution centre, one of the largest of its kind in Australia.
It will feature temperature controlled storage, the latest automated warehousing with a 40 metre high bay storage as well as a 3,600 sqm office.
The total investment in the facility is upwards of $450 million and is expected to be completed in 2020.
The facility is expected to bring an additional estimated 600 jobs to the local area upon completion.
Kaufland, which is owned by Schwarz Group, the fourth largest retail chain in the world, will be joining Dulux, D’Orsogna and Steritech in Victoria’s largest business park.
MAB Director of Business Parks, Michael Martin, said the park had successfully lured a number of brands to relocate from interstate, including D’Orsogna from Western Australia and Steritech from Queensland, to take advantage of the location.
A spokesperson from Kaufland said, “our new state of the art distribution centre at Merrifield Business Park will be the company’s single biggest investment in Australia and enable Kaufland’s expansion. Merrifield was selected for its strategic location and ability to cater for future expansion of the facility.”
“The ability to tailor a solution for a client and to deliver opportunities of scale is very rare and why Merrifield Business Park is able to lure a global brand like Kaufland and other companies from interstate,” said Mr Martin. 
Daniel Eramo, Associate Director CBRE, said Merrifield Business Park was unique in Australia, being one of the only industrial land holdings offering such significant scale and flexibility for premier brands across the country.
“There are very few other areas where Kaufland – or any business – could purchase 28 hectares on one of Australia’s major freeways. These sites just don’t exist in proximity to major roads and transport links,” Mr Eramo said.
Merrifield Business Park in Mickleham is the largest masterplanned business and employment precinct in Victoria, spanning 330 hectares.
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Kaufland to open first Australian distribution centre in Merrifield

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A recently developed home, known as La Fleur, in the Brisbane suburb of Auchenflower has been sold.
The 84 Agnes Street site was previously home to a 1920s Queenslander.
The property was developed by Solaire Properties, an 18-month old company formed by Harley Weston, James McElhenny and Paul McElhenny.
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The five bedroom La Fleur is the third property developed by Solaire, with another, Vanquish, to be constructed on the adjoining property.
Solaire worked with award-winning architectural firm Joe Adsett Architects on the project.
The company said that they focus on incorporating leading edge technology, such as Control4 home automation system, energy efficient home technology, solar and battery storage with real time energy use and a freshwater swimming pool, into its design for La Fleur.
The construction involved environmentally-friendly materials such as Chain of Custody certified timbers, insulation manufactured from recycled glass, GreenTag Certified Italian porcelain tiles and energy efficient lighting.
<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/2019/3/7/LA%20FLEUR%206.jpg" alt="">
Purchasers Samantha and Eduardo Maradiegue said they were delighted with the sustainable and smart home design principles.
“It’s refreshing to know that there are developers out there like Harley, James and Paul, we are blown away by their passion for introducing such innovative ideas of eco-conscious homes to the building trade,” they said.
“We are still blown away by the incredible finishes in the house and knowing that it didn’t cost the earth made it an even more satisfying purchase.”
Solaire claim the sale price topped the existing street sale record by $1 million.
Richard Walsh at The Walsh Team Milton marketed the home.
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Newly developed sustainable home La Fleur in Auchenflower sold

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A Mount Martha beach box has been listed for sale with a price guide of $310,000 to $340,000.

Situated directly opposite Mount Martha village, the recently restored beach box at 98 South Beach features storage underneath boatshed, secure decking area, floor space for tables, chairs and entertaining.

It last sold at $215,000 in 2014. 

It has been <a href="https://www.realestate.com.au/property-house-vic-mount+martha-130681042" target="_blank">listed through</a> Sam Danckert and Ian Ross of Danckert Real Estate - Mount Martha. 

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Related projects:

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Recently restored Mount Martha beach box listed 

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

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Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

Joel Robinson

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

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Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
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[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<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, <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, 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.

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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;

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<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;

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<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.

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<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;

Staff reporter

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