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Stockland has placed first on the Dow Jones Sustainability Index (DJSI) for the fifth time.
The index looks at the financial performance of sustainability-driven companies across the world and seeks to provide asset managers with objective benchmarks to manage sustainability portfolios.
Categories assessed include corporate governance, risk management, climate change strategy, environmental management, human capital development and stakeholder engagement.
Mark Steinert, Managing Director and CEO at Stockland, said the company was proud to be recognised for its sustainability practices.
"Having been a member of the DJSI World for the past 12 years, this accolade truly demonstrates our commitment to sustainability leadership,” he said. 
"At Stockland we have taken a proactive and holistic approach to sustainability, developing policies and implementing initiatives that have cemented our industry leadership for more than a decade.”
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j.ballantyne1990-6AQqhLzZaK

Stockland tops Dow Jones sustainability index

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The Gallery House development in Brisbane’s Northshore Hamilton reported strong sales in the June quarter with 31 sales.
The results put it top of the pile in a recent Urbis Essentials report, with the nest new development recording 12 sales in the same period.
Gallery House features 319 one, two, three and four bedroom apartments across the 20-level Gallery House One and 19-level Gallery House Two towers.
Construction on both towers at the project is being lead by building contractor Multiplex.
<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/2018/9/13/Gallery%20House%202.jpg" alt="">
Brookfield Residential Properties’ Managing Director, Lee Butterworth said more than $173 million of luxury apartments have now sold at Gallery House.
"The opportunities to secure such generously-sized luxury riverfront apartments in the current market are extremely limited, and as a result, we are seeing increasing enquiry from buyers wanting to secure their own private oasis close to the city centre," he said.
"Sales to date have predominately been to owner-occupiers, including empty nesters looking to make the move from a home to an apartment and professionals wanting to be close to the city centre."
Two bedroom apartments are prices from $565,000; three-bedroom from $865,000; and four bedroom from $1,195,000.
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Brisbane development Gallery House reports strong sales quarter

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Government land organisation Landcom has received international recognition for its sustainability practices.
It placed fourth in the world and third across the Asia Pacific region in the 2018 Global Real Estate Sustainability Benchmark (GRESB) Developer Assessment.
According to its website, the GRESB is an “investor driven organisation assessing the sustainability performance of real asset sector portfolios and assets”.
The survey assesses environmental, social and governance management and implementation performance.
Landcom Chief Executive Officer John Brogden said it was the only government land organisation in the world to participate alongside publicly-listed and private companies in GRESB.
It received a score of 90 out of 100 with a maximum score in the social and governance aspects, compared to 76 last year, placing them in third behind Lendlease (fist) and Frasers (second).
The participant peer average was 67.
GRESB Head of Asia Pacific Ruben Langbroek said Landcom had shown strong demonstrative leadership in sustainable urban development.
“Through its projects, policies and processes, Landcom has shown a clear focus on material topics such as liveability, resilience, and environmental quality,” Langbroek said.
According to data provided by the GRESB, 903 property companies, real estate investment trusts, funds, and developers participated in the Real Estate Assessment, an increase of 6% on the previous year.
The assessment now covers more than 79,000 assets, across 64 countries and represents more than $USD3.6 trillion in gross asset value.
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Landcom rank fourth in worldwide sustainability assessment 

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A new land release was launched at the Ashbury Estate development last weekend.
The Stage 13B was released Saturday, 9 September with a variety of land sizes available.
The 1,400-lot residential project is in the new Geelong suburb of Armstrong Creek.
The project is a 10-minute drive from both the Geelong CBD and beaches at Torquay and Barwon Heads.
Currently, in the area there is 4,000 homes with an expected 13,000 to be built in the next 20 years.
According to Australian Bureau of Statistics data, the median age of buyers in Armstrong Creek is 28 years old.
Justin Bridges bought land in Stage 7 and is about to commence building his new home.
“A great location at a great price, I love the strong sense of community at Ashbury,” Bridges said.
“I know that it is going to be the perfect place for my young son to grow up, thanks to all the planned future playgrounds, parks and sporting facilities.
“Plus, I am especially excited by the new State Primary School proposed within the estate which means that he is going to be able to walk to school down the track.”
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New land released at Ashbury Estate near Geelong

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A Melbourne-based developer has outbid four rivals to pay $1.71 million for a Camberwell retail property.
The property at 267 Camberwell Road had been in the same family for more than 45 years and was owned by a local private investor.
The sale price reflects a $6900 a square metre land rate, According to selling agents, Teska Carson’s George Takis and Barry Novy.
The property comprises a 190 square metre, single level brick retail building on a 250 square metre site with seven metres frontage to Camberwell Road.
The property is close to Camberwell junction, the Burke Road shopping strip, the Rivoli Cinema and Camberwell Market.
Takis said the sale reflected a healthy market for development sites in key retail precincts.
“The property is perfectly positioned within the heart of Camberwell Junction and on the doorstep of the Burke Road retail/commercial strip – one of Melbourne’s best known and most highly regarded strip precincts,” he said.
“Add to that prime location, the street frontages on three sides and the flexible zoning, along with vacant possession, and you have a very attractive development proposition.”
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Developer pays $1.7 million for Camberwell retail site

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A 50 year old suburban Melbourne drive-in theatre is on the market through JLL with price expectations of $11 million-plus.
Coburg Drive-In located at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-coburg+north-502955310" target="_blank">155 Newlands Road, Coburg North</a> is being offered via public tender by JLL’s Tony Iuliano, Adrian Rowse and Brad Esler.
It is set on a 8.16ha site.
“The owner of the drive-in — Village Roadshow Theatres Pty Ltd, a subsidiary of the ASX-listed Village Roadshow Limited — will lease it back for an initial 10-year term on a triple-net basis,” Mr Iuliano said.
He said the site represents "the last essentially undeveloped parcel of significant scale in Melbourne’s inner north.”
Located on Newlands Road, Coburg North, the drive-in has been operating since 1965 and has three screens — one each on the south-western, north-western and north-eastern points of the site.
At 33m wide each and overlooking an asphalt viewing area of 36,000sqm, the screens are up for debate as the biggest in the southern hemisphere.
<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/2018/9/14/Coburg%202.jpg" alt="">
A single-level retro-style diner and children’s playground are located centrally and the drive-in's ticket booth — topped by an old yellow Holden — is a local landmark.
Mr Iuliano said there had already been overwhelming interest in the site since the marketing campaign was launched on September 13. Most inquiries were coming from prospective buyers nationally.
"Given the high underlying land value component, the sale price could go a lot higher,” he said.
Mr Rowse said “There are plenty of future options for the Industrial 1-zoned site and it’s also likely to suit an e-commerce user, subject to council approval."
The property benefits has access to major road infrastructure, including the Western and Metropolitan ring roads, as well as Melbourne’s CBD, Port of Melbourne and Essendon and Melbourne airports.
The public tender period for <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-coburg+north-502955310" target="_blank">155 Newlands Road, Coburg North</a>, closes at 4pm on Wednesday, October 17, 2018.
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1960s suburban Melbourne, Coburg drive-in theatre for sale

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Sovereign Estates is the latest masterplanned community on the fringes of the Gold Coast.
The community currently comprises 84 lots of three and four bedroom homes (above and below).
The <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">first stage release of 34 lots</a> is well underway, with only 20 now left. The first lots are located near Ormeau Woods State High School.
<img src="https://www.urban.com.au/images/2018/9/11/Sovereign%20Estates%203.JPG" alt="">
Choice Homes are building the residences and have already sold out of six of the home styles they offer.
House and land packages begin from $464,700.
Located in Ormeau just off the Pacific Highway, the estate borders farmland on the edge on an established community.
It sits half way between Brisbane and Surfers Paradise.
<img src="https://www.urban.com.au/images/2018/9/11/Sovereign%20Estates%201.JPG" alt="">
It's 15 minutes to the Logan Hyperdome and even closer to the industrial hub of Yatala.
The new 60 hectare Coomera Town Shopping Centre is nearby. It features a 100,000 sqm Westfield and a 12,000 sqm Myer.
Click here for <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">more information.</a>
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Choice Homes building Sovereign Estate, Gold Coast's latest masterplanned community 

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<div>
Australia's housing is among the four riskiest markets in the world, according to Oxford Economics.
It has a strong prospect of falling prices posing a threat to economic activity, the research paper noted
The housing market dangers were "especially acute" in Sweden, Australia, Canada and Hong Kong, according to Oxford.
Weighing up a range of risk factors, including housing valuations compared to long-term averages, it noted all four valuations were very elevated.
It noted there has been a lengthy housing boom, debt levels were high and there was a significant share of floating rate debt, Oxford's lead economist Adam Slater wrote in a research note.
The risks were relatively limited in key markets including the US, Germany, France, China and Japan.
</div>
<div>
Overall edian OECD house price valuations are below the 2006-07 peak but are higher for the risky markets, according to Oxford.
<div id="article-inline-ad">"Historical experience suggests that high valuations – of 125 per cent or more of the long-term average – point to a 60 per cent chance of prices falling over the next five years," Mr Slater wrote.</div>
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<div> </div>
<div>"This matters because house prices can have a big impact on economic activity, even if the link may have loosened in the G7 in recent years.</div>
<div>
"Looking across a range of housing risk indicators, property market dangers look concentrated in a number of smaller advanced economies and are less severe for the largest economies."
On a valuation index where the long-term average is 100, Australian housing is at 160, while Sweden is at 165, Canada at 173 and Hong Kong at 203.
</div>
<div>Slater wrote rising rates are not strictly necessary for prices to start falling (i.e. Sweden) and in the context of high valuations and debt, even modest increases (i.e. Canada and Hong Kong) "could be a problem."</div>
<div> </div>
<div>Oxford's assessment suggest Australian house prices have another risk factor, with an 82 per cent share of its mortgages held on floating rates.</div>
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Australia's housing among the four riskiest markets in the world, Oxford Economics

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An investor has snapped up a versatile Caulfield shop and dwelling with a short-term lease to a fish and chip shop prior to auction.
Fitzroys agents Jordan Ceppi and Chris Kombi, in conjunction with Tsimos Commercial’s John Black, sold 827 Glen Huntly Road for $975,000, on a 4.9% yield and land rate of $5,477 per square metre.
Zoned Commercial 1, the 170 square metre double-storey building is on a 178 square metre site and has excellent rear access via right of way.
Ceppi said the property attracted interest from a broad range of investors and owner occupiers looking to gain a presence in the boutique shopping strip, positioned near the intersection of Hawthorn Road.
“The property offered strong value add prospects, with potential to upgrade and re-lease,” he said.
Kombi said the increasing number of medium and high-density apartment developments along Glen Huntly Road and through Caulfield had served to reinforce the area’s strong catchment, as well as the property’s positioning among retailers such as Foodworks, Brumby’s Baker, 7-Eleven and Priceline Pharmacy.
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Investor snaps up Caulfield fish and chip shop pre-auction

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Morris Porperty Group has announced its latest project in Canberra, The Barracks.
The mixed-use project is the 17th from the group within a 5 kilometre radius of the city centre.
The 2.6 hectare site was purchased in June and is located between London Circuit and Vernon Circle.
Architects Francis-Jones Morehen Thorp has been engaged for the project.
The projects first stage will include a public car park with 750 spaces.
Once completed, The Barracks will have around 6000 square metres of retail, including a supermarket and restaurants.
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Mixed-use precinct The Barracks coming to Canberra

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Staff reporter

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