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The Melbourne suburbs, Moonee Ponds and Plumpton, ranked first when it comes to the biggest recent increase in stock for sale. 
Moonee Ponds apartment stock is up 188 percent, from 33 units this time last year to its current 95 offerings. Many are off the plan apartments. 
The house stock in Plumpton has increased from 106 houses this time last year to its current 266 houses. The growth is up 151 percent. Many are building lots.
Investar puts median rental of Moonee Ponds at $360 a week, and Plumpton $430 a week.
The median unit value of Moonee Ponds sits on $462,500, and the median house value of Plumpton is $495,000, according to CoreLogic.
A one bedroom apartment currently on the market in Moonee Ponds is a Homer Street offering which priced at $459,500 off the plan.
The <a href="https://www.realestate.com.au/property-apartment-vic-moonee+ponds-127391798" target="_blank">1402/55 Homer Street </a>apartment comes with one bedroom, one garage space and north facing balcony (pictured top).
A two bedroom apartment has been sold for $477, 500 this January. 
Situated on the 11th floor within the MONDO apartment building, the 1102/341 Ascot Vale Road apartment is close to public transport, shops and restaurants. 
Another apartment in Moonee Ponds sold for $402,000 last year. 
Located in Moonee Ponds shopping precinct,<a href="https://www.realestate.com.au/sold/property-apartment-vic-moonee+ponds-125806106" target="_blank"> the </a><a href="https://www.realestate.com.au/sold/property-apartment-vic-moonee+ponds-125806106" target="_blank">4/40 Young Street apartment</a> also came with two bedrooms (pictured below).
<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/2018/2/19/young.jpg" alt="">
A four bedroom Plumpton house sold for $488,000 in July last year.
Set on<a href="https://www.realestate.com.au/sold/property-house-vic-plumpton-125887566" target="_blank"> 98 Aspire Boulevard</a>, the Porter Davis built home came with open study and large central kitchen.
Another Everest Street offering has been recently on the market (below) as a 325 sqm building opportunity at $307,000.
<a href="https://www.realestate.com.au/property-residential+land-vic-plumpton-202032486" target="_blank">The 315 Everest Street</a> lot offering has been marketed as suitable for a  house with three bedrooms, two bathrooms and an expansive family, dining and kitchen area.
<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/2018/2/19/everest.jpg" alt="">
 
 
 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Moonee Ponds and Plumpton rank top in Investar biggest stock increase, VIC

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A Tarneit three bedroom house has been listed for sale by mortgagees with $455,000 to $500,000 hopes.
It has been scheduled for March 10.
The Victorian home sets on a 415m2 block (approx) in the location along the walking and bike tracks of Davis Creek &amp; Werribee River.  
<a href="https://www.realestate.com.au/property-house-vic-tarneit-127585002">The 45 Hope Way house</a> comes with three bedrooms, two garage spaces and open plan kitchen.
It has been a $320 a week rental.
It last traded at $140,000 in 2007.
The suburb's median house price sits on $500,000, according to CoreLogic. 
 
 
 
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Hope Way, Tarneit house offered by mortgagee

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<h1><a class="source" href="https://commons.wikimedia.org/wiki/File%3AAerial_view_of_the_Darling_River.jpg" target="_blank">Given the </a><a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-02-15/murray-darling-basin-plan-changes-blocked/9448280" target="_blank">outraged reaction from some state water ministers</a><a class="source" href="https://commons.wikimedia.org/wiki/File%3AAerial_view_of_the_Darling_River.jpg" target="_blank"> to the disallowance of an </a><a href="https://www.mdba.gov.au/basin-plan-roll-out/basin-plan-amendments/basin-plan-amendments-northern-basin" target="_blank">amendment</a><a class="source" href="https://commons.wikimedia.org/wiki/File%3AAerial_view_of_the_Darling_River.jpg" target="_blank"> to the </a><a href="https://www.mdba.gov.au/basin-plan" target="_blank">Murray Darling Basin Plan</a><a class="source" href="https://commons.wikimedia.org/wiki/File%3AAerial_view_of_the_Darling_River.jpg" target="_blank">, you would be forgiven for thinking that a heinous crime had been committed against farmers in upstream states.</a></h1>
In fact, what happened was that the Senate voted for the Basin Plan to continue unchanged, rather than allow a modest increase in the water available to farms in the Murray Darling’s Northern Basin.
NSW water minister Niall Blair reacted by declaring that his state “will now start the process of withdrawing ourselves from the plan”, while his Victorian counterpart Lisa Neville <a href="https://www.sbs.com.au/news/vic-declares-murray-darling-plan-over" target="_blank">angrily declared</a> that “the plan is over” (despite Victoria not even being in the Northern Basin).
The political friction is generating a lot of heat, but precious little light. The debate could use a few more facts, so here they are.
First of all, the amount of water involved in the amendment represents less than 1% of the average annual surface water extractions allowed by the Basin Plan. This is roughly equivalent to a single day’s irrigation use throughout the basin during the growing season.
In other words, irrigators already use huge amounts of water, and ensuring that environmental water recovery on the Darling River is not reduced by 70 billion litres will make very little difference to irrigators.
Second, the delivery of the environmental water target of 390 billion litres in the Northern Basin, rather than 320 billion litres as proposed in the amendment, will be undertaken with full compensation. In other words, no individual irrigator will be made worse off by allowing the original target to be delivered. No one is “taking water” from anyone.
Third, let’s just reiterate that no one has changed the Basin Plan, so the “loss” of 70 billion litres simply represents 70 billion litres less in diversions that farmers were hoping to receive in future, but now won’t.
Meanwhile, there is <a href="https://www.mdba.gov.au/basin-plan-roll-out/proposed-adjustment-sustainable-diversion-limits" target="_blank">another amendment under consideration</a>, to be decided by May 7, that will potentially allow farmers across the Basin to divert an extra 605 billion litres from the river. These amendments are political compromises and not part of the scientific and economic assessments that led to the Basin Plan.
Fourth, the <a href="https://www.mdba.gov.au/sites/default/files/pubs/S%26E-economic-modelling-report-KPMG.pdf" target="_blank">claims</a> by the Murray-Darling Basin Authority that the reduction in the environmental water recovery will save 200 jobs does not bear scrutiny. Jobs in agriculture have everything to do the weather, with commodity prices and the value of the Australian dollar, and very little to do with environmental water recovery. We should not spend hundreds of thousands of dollars on a consultant to get an “answer” that does not pass proper peer review in academic journals if we want good public policy outcomes.
Fifth, and finally, it’s time for some maths. The Basin Plan that was passed in 2012 had, on average, a surface water diversion limit (that is, the total amount that farmers and other water users were allowed to take) of 10,873 billion litres per year. Before surface water diversions were controlled in the mid-1990s, the average annual surface water diversions in the Basin were 10,684 billion litres per year. Between 2000-01 and 2014-15, the average was 7,956 billion litres per year.
In other words, the water limits allowed by the existing Basin Plan represent an increase, rather than a reduction, on what water users have been taking, on average, for the past 30 years. For this reason alone, we should be very careful about letting them have even more.
Politicians and vested interests are playing fast and loose with the facts. Let’s be clear, the Basin Plan will not keel over because of this disallowed amendment. But it will die if the irrigators who have already received billions of dollars of taxpayers’ money, and who have billions allocated for them in the forward estimates, stop the Basin Plan from delivering on its original intentions.
It’s time our federal government stood up and defended the national interest and faithfully delivered on the original intent of the Basin Plan, and actually increase stream flows in the Basin by 2,750 billion litres per year.
<img src="https://counter.theconversation.com/content/91913/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">As <a href="https://theconversation.com/the-murray-darling-basin-plan-is-not-delivering-theres-no-more-time-to-waste-91076" target="_blank">we and our colleagues argued earlier this month</a>, that means establishing a truly independent scientific and expert body to evaluate the Basin’s health and what has been delivered in terms of increased net stream flows with the Basin Plan. It also means an end to further infrastructure subsidies and efficiency projects until the full facts are publicly known and scrutinised about what public benefits they provide.
<a href="https://theconversation.com/profiles/quentin-grafton-1941" target="_blank">Quentin Grafton</a>, Director of the Centre for Water Economics, Environment and Policy, <a href="http://theconversation.com/institutions/crawford-school-of-public-policy-australian-national-university-3292" target="_blank">Crawford School of Public Policy, Australian National University</a> and <a href="https://theconversation.com/profiles/john-williams-142565">John Williams</a>, Adjunct Professor Environment and Natural Resources, Crawford School of Public Policy, <a href="http://theconversation.com/institutions/australian-national-university-877" target="_blank">Australian National University</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/states-dummy-spit-over-the-murray-darling-basin-plan-clouds-the-real-facts-91913" target="_blank">original article</a>.
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States' dummy-spit over Murray-darling Basin Plan

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High-profile real estate agent John McGrath has reportedly scrapped plans to step up as executive chairman of his agency. 
Peter Lewis seems set to be announced instead as the new chairman of the agency John McGrath founded in 1988. 
Lewis is Kerry Stoke's former chief financial officer, Peter Lewis.
He left the Seven Network in 2013, then joined Southern Cross Media, but left the radio and metropolitan radio broadcaster.
McGrath is to remain as an executive director, but not its chief executive.
<div class="_1665V undefined" data-reactid="372">
Privatising the company ''is off the agenda,'' spokesman Tim Allerton said on the weekend.
McGrath Estate Agents currently has 95 offices located throughout the east coast of Australia.
McGrath listed on the ASX in December 2015 at $2.10 and closed last week at 41¢.
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McGrath looks to Peter Lewis to lead agency board

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The Victorian residential price record was smashed last week when it emerged the Malvern mansion, Stonington sold for $52.5 million.
The big trophy home sale ranked firmly in the top 10 highest trophy home sales across the country.
Property Observer has pulled together the top 10 trophy home sales in Australian history.
 
<h3>1. $71 million - Elaine, Double Bay, NSW, 2017</h3>
Elaine at Double Bay was the big story of last year.
The 7,000 sqm waterfront which had been in the established Fairfax family for nearly 130 years sold to tech billionaire Scott Farquhar and wife Kim.
Fronting Seven Shillings Beach, the 1863 built trophy home, described as 'tired', was bought by Geoffrey Evan Fairfax in 1891. He paid £2100.
In 2016 Elaine was given an $80 million asking price and spent three years on the market in total before being sold by Christie's International agent Ken Jacobs.
Farqhuar, co-founder of tech company Atlassian, had been based in a Pyrmont spread.
The 37 year old sits atop the BRW Young Rich List with fellow co-founder Mike Cannon-Brookes with a combined net worth of $4.6 billion.
<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/2018/2/19/elaine.jpg" alt=""> 
<h3>2. $70 million – La Mer, Wentworth Road, Vaucluse NSW, 2015</h3>
<div>
<div class="cT-imageLandscape lead">
James and Erica Packer sold their Vaucluse mansion for a new Australian house price record.
James and Erica Packer spent $30 million acquiring three properties in Sydney’s Vaucluse, before spending another $40 million to build the mansion La Mer. The photo below is prior to its construction/renovation.
The property sold to the Hunters Hill based Australian-Chinese billionaire businessman Chau Chak Wing.
</div>
</div>
<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/2018/2/19/la%20mer.jpg" alt="">
<h3>3. $67 million* Phoenix Acres, Vaucluse, NSW, 2017</h3>
Hotelier Dr Jerry Schwartz and wife Debbie moved less than a kilometre across the Vaucluse waterfront to Phoenix Acres.
The six bedroom home belonged to Singaporean businessman Ck Ow and included a tennis court, resort-style pool and an old style English pub, a feature Ow had in his homes in London, Singapore and New Zealand.
A number of reports suggested it would set the national price record.
<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/2018/2/19/acres.jpg" alt="">
<h3>4. $61.8 million Altona, Wunulla Road, Point Piper, NSW, 2016</h3>
Altona, the Victorian Italianate manor headlines the prices on Point Piper's pricey Wunulla Road.
With a who's who of owners, the Dods and Zuccon designed home spans 1,400 sqm floor space. It has three levels and a turret.
The property was bought in 2016 by the low-key, formerly Hunters Hill based Huang family. 
<div>The low-key owners of Altona in Point Piper are currently seeking approval for a gardener’s shed. </div>
It had been owned by former teenage magazine publishing industry entrepreneur Deke Miskin and his wife Eve, as well as the publishing Handbury family.
Actor Russell Crowe looked at buying it in 2007, as did the Lowy shopping centre family. 
Altona sits just a few doors along from the home of the Prime Minister Malcolm Turnbull and wife, Lucy.
<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/2018/2/19/altona.jpg" alt="">
<h3>5. $60.66 million Portofino, Wingadal Crescent, Point Piper, NSW, 2016.</h3>
In late 2016 luxury car importer Neville 'Croaky' Crichton sold his Point Piper home quietly to downsize to a $33 million home in the same suburb.
He shipped that one off quickly in six months for $36 million then bought a $39 million home nearby.
The $60.66 million Windgadal Crescent home (front and centre waterfront) sits next door to Aussie John's mansion which was believed to have received a $100 million offer from China last year.
Known as Portofino, the Tuscan-style residence has six bedrooms, a gym, private jetty and is set on 1500 sqm.
The home broke the headlines in 2011 after Title Tattle revealed Microsoft boss Bill Gates was set to rent the home during his Sydney sojourn.
 <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/2018/2/19/700_crichton2.jpg" alt="">
<h3>6. $57.5 million – Saunders Street, Mosman Park, WA, 2014</h3>
Perth's residential record actually stood as a national price record for a few years.
The 2014 Mosman Park sale from mining heiress Angela Bennett to mining magnate Chris Ellison and wife Tia held the record for two years before James Packers La Mer sale.
It spans 7,567 sqm of Swan River land and included three self-contained buildings, private jetty, boathouse, gym, cinema, pool and tennis court.
The Ellison's have continued to expand, buying a further two adjoining properties which takes the total land to more than 8,800 sqm.
<img src="http://www.smh.com.au/content/dam/images/g/g/z/6/7/s/image.imgtype.articleLeadwide.620x349.png/1431344804947.jpg" alt="Sentiment has changed since iron ore heiress Angela Bennett's Mosman Park mansion sold for an Australian record price of $57.5 million in 2009." title="" width="100%">
<h3>7. $52.5 million Stonington, Glenferrie Road, Malvern, VIC, 2018</h3>
The most recent sale, the only in 2018, was Stonington, the historic Malvern mansion that sold last week.
Stonington belonged to art dealer Ron Menzies, who paid $17.5 million a decade ago. It sold to Chinese interests.
The 1890's home, built by Cobb &amp; Co coaches partner John Wagner, bettered the previous $39 million Toorak sale late last year.
He bought the 1.2 hectare estate from developers who had sliced off large sections of the yard on which were built townhouses and apartments.
<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/2018/2/16/menzies2.jpg" alt=""> 
<h3>8. $52 million – Villa Veneto, Wolseley Road, Point Piper, NSW, 2010 </h3>
The waterfront Italianate villa’s sale price was made in two instalments, with only the initial $44 million showing on title records, but it was long credited as Sydney’s top price after documents were shown of a second $9 million transfer.
It was sold by recruitment entrepreneur Andrew Banks and his wife Andrea to dentist David Penn and his wife Linda in 2010.
The grand five-storey Italianate villa at the end of Wolseley Road was designed by Michael Suttor and has six bedrooms, a 21 person lift, home theatre, glass-roofed dining room, sauna, art gallery, gym, linen chute and library.
It has nine bathrooms – including one for the gardener.
<img src="http://www.smh.com.au/content/dam/images/z/y/g/m/9/image.imgtype.articleLeadwide.620x349.png/1406698115513.jpg" alt="1. 'Villa Veneto' Wolseley Road, Point Piper. Sold $53 million - 2010" title="" width="100%">
<h3>9.  $52 million – Altona, Wunulla Road, Point Piper, NSW, 2013</h3>
Altona appears on the list again when it was sold for $52 million in 2013 by Deke Miskin and wife Eve.
<div>
<div class="cT-imageLandscape lead"><img src="http://www.smh.com.au/content/dam/images/g/h/f/g/o/n/image.imgtype.articleLeadwide.620x349.png/1433406059826.jpg" alt="Point Piper's Altona." title="" width="100%"></div>
</div>
<h3>10. $45 million – Coolong, Coolong Road, Vaucluse, NSW, 2008</h3>
In 2008 the national house price record was set when Coolong, the Vaucluse waterfront trophy of the late Allco founder David Coe, sold for $45 million.
The 4,100 sqm home sold to expat currency trader Ivan Ritossa and wife Marina. It had $40 million-plus hopes.
The Sydney record had stood at $32.4 million when Craig-y-Mor, a non-waterfront Point Piper house, sold to a Chinese businessman a few months earlier 
<div>
<div class="cT-imageLandscape lead"><img src="http://www.smh.com.au/content/dam/images/z/y/g/n/w/image.imgtype.articleLeadwide.620x349.png/1406698115839.jpg" alt="3. 'Coolong' Coolong Road, Vaucluse. Sold $45 million - 2008" title="" width="100%"></div>
</div>
 
<h3> </h3>
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Stonington sale ranks seventh highest in Australian top 10 trophy homes list 

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Last weekend's Ipswich offering of 38 Bassett Lane, Rosewood was the nation's cheapest capital city result.
The <a href="https://www.realestate.com.au/property-house-qld-rosewood-127285694" target="_blank">38 Bassett Lane</a> five bedroom house on 1320 sqm sold for $200,000.
It had traded at $315,000 in pre-gfc 2008.
Vacant land nearby sold at $160,000 recently, just $100 more than its $159,900 in 2010 for the 850 sqm 48 Upper John Street offering.
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Nations cheapest auction sale goes backwards in price

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GUEST OBSERVER
Housing affordability is a <a href="https://myaccount.news.com.au/sites/themercury/subscribe?sourceCode=TMWEB_WRE170_a&amp;mode=premium&amp;dest=http://www.themercury.com.au/news/tasmania/families-forced-to-live-in-tents-at-hobart-showgrounds/news-story/c297721586a2d2129dba7ec6a3186456?memtype=anonymous" target="_blank">central issue</a> in the Tasmanian election, but <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-02-05/tasmanian-election-promise-tracker/9373438" target="_blank">regulating Airbnb</a> is not the answer.
Our <a href="https://www.propertyobserver.com.au/http://ecite.utas.edu.au/118352" target="_blank">ongoing research</a> shows that Airbnb is beneficial for the economy, especially in remote areas. In addition to creating accommodation for tourists and providing income for hosts, we found that the recommendations Airbnb hosts provide are incredibly important for small businesses.
<a href="http://www.anglicare.asn.au/docs/default-source/default-document-library/rental-affordability-snapshot-2017.pdf" target="_blank">A 2017 Anglicare report</a> acknowledged that Airbnb might be taking some of the private rental market in Tasmania but it didn’t have any evidence to confirm this.
Our <a href="http://onlinelibrary.wiley.com/doi/10.1111/jsbm.12368/full" target="_blank">prior research</a> shows that shops and eateries in regional and rural areas struggle to attract visitors. The word-of-mouth marketing provided by Airbnb hosts is helping to solve this problem.
One of the Airbnb hosts in our study said:
It’s an opportunity for people to get an honest insight into where they’re staying … you might know of a local place that doesn’t have great marketing or money to spend on marketing that you know [guests] wouldn’t have found otherwise.
The Tasmanian government <a href="http://www.premier.tas.gov.au/releases/embracing_the_sharing_economy" target="_blank">deregulated</a> Airbnb in 2017, allowing owners to rent up to four rooms on sharing platforms. Airbnb <a href="https://www.airbnbcitizen.com/tasmania-embraces-home-sharing/">claims</a> to have hosted 169,000 guests in the 12 months to January 2017. This is around 10% of all tourists to Tasmania in that period.
According to a <a href="https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-airbnb-economic-effects-in-australia-tasmania-010517.pdf" target="_blank">report by Deloitte Access Economics</a>, a majority of Airbnb listings are located outside traditional hotel districts. Airbnb guests spent an estimated A$27.3 million outside the greater Hobart region in 2015-16.
In <a href="https://www.propertyobserver.com.au/http://ecite.utas.edu.au/118352" target="_blank">our research</a>, we have interviewed hosts, guests and small business operators in Tasmania. Many hosts rent out rooms that would not otherwise be available through long-term rental, which deflates some of the arguments that Airbnb is removing large portions of the supply of rental units.
Our study also confirmed Airbnb guests stayed, and spent money, in areas outside major tourist destinations. This provides opportunities for small local businesses located on the city fringe, as well as in suburban, coastal and rural regions.
Airbnb guests <a href="http://www.tandfonline.com/doi/full/10.1080/13683500.2013.827159?scroll=top&amp;needAccess=true" target="_blank">want to make deep connections with their destination</a>. They therefore desire alternative sources of information in addition to mainstream tourism marketing. Who better to give an insider’s view than a local?
As a result Airbnb visitors are discovering more local small businesses, in a variety of locations, through word-of-mouth recommendations from Airbnb hosts.
One Airbnb guest in our study said:
<blockquote>
I’m looking for a host to tell me what’s going on, and I would value that above any other source of information really … it makes a big difference what the host says.
</blockquote>
The demographics of the hosts are also important to note. <a href="https://www.airbnbaction.com/wp-content/uploads/2016/09/Airbnb_SeniorHostsEuropeReport_English_9-13-16.pdf" target="_blank">Many Airbnb hosts</a> are single women. Hosting allows them to supplement their incomes and helps them pay rent or mortgages.
“I think it’s a positive way of making life a bit easier for everyone involved… it gives a sense for almost everyone to be an entrepreneur … maybe it’s a bit cheesy, but it empowers people…,” said one female host.
As the number of Airbnb hosts grows across Tasmania, <a href="http://www.themercury.com.au/realestate/bidto-curb-airbnb-surge-as-hobart-city-council-wants-house-limit-at-two-rooms-not-four/news-story/306f73e76b5c4eb2b7e72edd623e7bb7" target="_blank">local councils</a>, residents, <a href="http://www.examiner.com.au/story/4929443/tourism-chief-says-council-motion-is-leading-the-way-on-airbnb-regulation/" target="_blank">tourism and hospitality lobby groups</a> and small accommodation businesses continue to grapple with its impact.
Some on Hobart City Council want <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-06-19/councils-may-consider-taxes-to-deal-with-airbnb-tourists/8624710" target="_blank">to regulate and tax</a> Airbnb to discourage the conversion of rental properties into short-term rentals.
The Tasmanian Greens <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-02-05/tasmanian-election-promise-tracker/9373438" target="_blank">have promised</a> to regulate Airbnb if they are successful in the upcoming election.
But Tasmania is experiencing an <a href="https://www.scribd.com/document/363899848/Accommodation-Supply-Analysis-in-Launceston-Part-1" target="_blank">acute tourist accommodation shortage</a> thanks to <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-03-19/tourism-boom-on-track-in-tasmania/8367412" target="_blank">recent improvements in wilderness infrastructure</a> and the “<a href="https://www.theaustralian.com.au/life/weekend-australian-magazine/the-mona-effect-towns-want-in-on-david-walshs-museum-act/news-story/f803dae3f027a31eb59e4a461303e345" target="_blank">MONA effect</a>”, among other factors.
<img src="https://counter.theconversation.com/content/91566/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Airbnb not only utilises existing infrastructure to meet this demand, our research shows it empowers female hosts and encourages tourists to discover, visit and spend in remote communities.
<a href="https://theconversation.com/profiles/louise-grimmer-212082" target="_blank">Louise Grimmer</a>, Lecturer in Marketing, Tasmanian School of Business and Economics, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>; <a href="https://theconversation.com/profiles/maria-massey-441127" target="_blank">Maria Massey</a>, PhD Candidate, Tasmanian School of Business and Economics, ARC Training Centre for Innovative Horticultural Products, School of Land and Food, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>, and <a href="https://theconversation.com/profiles/oskaras-vorobjovas-pinta-443280" target="_blank">Oskaras Vorobjovas-Pinta</a>, Lecturer in Management, Tasmanian School of Business and Economics, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/airbnb-is-blamed-for-tasmanias-housing-affordability-problems-but-its-actually-helping-small-businesses-91566" target="_blank">original article</a>.
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Airbnb is blamed for Tasmania's housing affordability problems

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The Chinese New Year weekend sees the Sydney launch of luxury apartments at the Roseville project, Chatswood Rose.
It is located at 1015 Pacific Hwy, Roseville, with views to the Chatswood skyline above leafy treetops.
The project incorporates the Seymours , an interwar Spanish Mission-style service station built in 1929, which is set to become cafe space.
Keco is the development developer of the seven floor project where prices for one bedders start at $795,000.
BVN, one of Australia’s leading architectural studios, designed the project which comes with landscaped gardens, rooftop playground and BBQ area
All apartments have parking and storage.
The three bedders have two car spaces with prices ranging from $2.1 million to $2.3 million.
CBRE is marketing the project as offering "the best of both worlds," i.e. vibrant, colourful and cosmopolitan, Chatswood one of Sydney’s most renowned retail and commercial centres, plus the relaxed sophistication of picturesque Roseville, the quintessential village.
The apartment sizes range from 53 internal sqms to 144 internal sqm, plus external spaces that range from 8 sqm to 80 sqm on some of the three bedders.
Australasia is the third top CNY vacation region for 2018, for Chinese consumers according to a Juwai survey.
Some 29% picked North America, 23% chose Asia, 20% chose Australasia, and 19% Europe.  
<div>The survey noted tourism is important because, of the Chinese who intend to buy international real estate this year, 60% intend to purchase property in their holiday destination, and 58% are considering emigrating there. </div>
<div><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/2018/2/8/juwai%201.jpg" alt=""></div>
<div> </div>
<div> </div>
<div>Carrie Law, CEO of Juwai.com, the No. 1 Chinese international real estate website, said Chinese New Year was the biggest international travel period of the year for mainlanders.  </div>
<div> </div>
<div>“Chinese who are considering buying real estate or even emigrating to Australia often use their holidays to combine fun and research. </div>
<div> </div>
<div>“Australia welcomed a record 1.33 million Chinese visitors last year, and a significant minority of that group are not just tourists — but also property investors or immigrants." </div>
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Roseville's Chatswood Rose launch coincides with Chinese New Year

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A two-level Carlton home, listed for sale at $2.3 million, has been quickly sold.
The 100 Barkly Street terrace was significantly rebuilt in the 1890s with an elaborate baroque façade, but had previously been an 1850s cottage owned by Patrick Costello, the great-great grandfather of high profile descendants, brothers, Peter and Tim Costello.
It last sold in 1984 at $80,500.
It was once the home of Di Gribble, the late publisher.
Agents Nicholas West and Charlie Barham from Nelson Alexander secured the sale.
According to CoreLogic, the suburb's median house price is $1.47 million. 
This article first appeared in The Weekend Australian.
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Two-level Carlton terrace sold

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The Australian Prudential Regulatory Authority has released a proposal that will require banks to differentiate risk weightings for residential mortgages.
It could potentially increase the cost of writing higher-risk loans.
The proposal seeks changes to the risk weightings banks should apply to owner-occupier, investor, interest-only and non-standard loans.
The paper noted APRA's view that there are "potential systemic vulnerabilities" to the financial system created from high levels of residential mortgages lending for investment purposes.
The Australian Broker news website reported ANZ and Westpac Group had introduced confidential changes to their assessment and approval of borrowers.
ANZ was adjusting the discretion available for its frontline mortgage assessors.
A spokesman for ANZ said the bank recently added "a higher level of approval for some discretions" used in its home loan policy for assessing serviceability.
Mortgage brokers claim banks seem to be showing less flexibility in interpreting guidelines on such matters as irregular income when assessing loan applications, BrokerNews advised after a report in the AFR.
The report also said that Westpac recently introduced strict tests of residential property borrowers' current and future capacities to repay their loans.
The change is said to be intended to identify scenarios that might affect borrowers' capacity to pay back their loans. These include having dependents with special needs that might require borrowers to spend on long-term care and treatment.
When asked for comment, a Westpac spokesperson told Australian Broker that the AFR report was based on a note the bank sent to brokers on Monday (12 February).
Earlier this month, Westpac amended its borrowing terms, including allowing the use of desktop valuations only for a maximum LVR of 90%.
A Westpac spokesperson told Australian Broker that the bank has also updated its household expenditure measure in line with the benchmark published by the Melbourne Institute for Social and Economic Research.
This followed Westpac's announcement in December that it would require home loan borrowers to disclose what they owe on short-term buy-now, pay-later loans on digital credit platforms like AfterPay and ZipPay. 
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High risk home loans targeted by APRA

ALAND has taken the next major step in delivering its vision for Leppington Town Centre, lodging State Significant Development plans for a $549 million residential precinct that would bring more than 1,200 new homes within walking distance of Leppington Station.

The proposal, now on public exhibition, forms the Residential Core Precinct of the broader Leppington Town Centre masterplan and would transform a 4.3-hectare site at <a href="https://www.apartments.com.au/new-apartments/156-166-rickard-road-leppington-nsw-2179">156-166 Rickard Road</a> into a high-density mixed-use neighbourhood comprising nine residential buildings rising between six and 25 storeys.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="fc20982d-a0a9-4989-8fb3-680ca9fdcd10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.44%E2%80%AFAM.png?VersionId=l5EEyS6Dkf_SLDQkwDeyAU2nXkSZP2RW" />

The development has been designed by Rothelowman and is being pursued through a State Significant Development Application alongside a concurrent rezoning request under the NSW Government's Housing Delivery Authority pathway.

If approved, the project would deliver 1,206 dwellings, including 784 build-to-sell apartments, 208 build-to-rent apartments, 189 affordable housing units and a nine-storey serviced apartment building containing 112 rooms. The proposal also includes around 7,400 sqm of non-residential floor space, new public open space, communal recreation areas and a new internal street network.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="c4f80d3b-cb05-4068-8a87-808317807a99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.36%E2%80%AFAM.png?VersionId=KfPqh1JBuxc53IWntEzGHAeBaCLmRmum" />

<h2 data-end="1990" data-section-id="s6350" data-start="1941">A key piece of Leppington's future town centre</h2>

The site sits around 250 metres from Leppington Station, which opened in 2015 as the terminus of the South West Rail Link and has long been earmarked as the catalyst for the suburb's transformation from a rural fringe location into a major strategic centre for Western Sydney.

Leppington has become increasingly important following the announcement of the Western Sydney International Airport and the emergence of Bradfield City Centre, with government planning identifying the precinct as a significant location for future housing and employment growth.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="8ca0f098-affc-48c0-80d3-468ea090a20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.26%E2%80%AFAM.png?VersionId=o3mwgBFT6H9YUllI0JR.JfLsUYQy1CTa" />

According to Rothelowman, the proposal responds directly to Leppington's unique position between its agricultural past and its urban future.

"The site offers an opportunity to weave together multiple layers of history, from its ancient connections to Country along the ridgeline between two waterways and its origins as part of the Cumberland woodland, to its more recent agricultural uses, and its future as a new residential community," the architects said in the design report.

The architects said the project aims to establish a high-density residential typology that combines apartment living with extensive landscaping and public open space.

"The design responds by establishing a high-density typology that combines the convenience and amenity of contemporary apartment living with a renewed native landscape."

<h2 data-end="3541" data-section-id="1ko88s2" data-start="3485">Nine buildings arranged around parks and public space</h2>

The proposal has been designed around a landscape-led framework rather than a traditional podium-and-tower approach.

Across the site, approximately 7,500 sqm of public open space would be delivered through a network of north-south and east-west linear parks, connecting into the wider Leppington Town Centre open space network. A further 8,000 sqm of communal open space would be provided for residents.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f5113abf-5440-4610-9cdc-60a0d41a407e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.55%E2%80%AFAM.png?VersionId=k8zLMj4yZS4hStmGzZJfosjj5iArwIek" />

Rothelowman said the design seeks to maximise landscaping at ground level by concentrating development into compact tower footprints.

"Buildings are carefully lifted and distributed to minimise disturbance to the natural terrain, allowing the ground plane to remain open, permeable, and led by landscape," the design report states.

Rather than creating a continuous podium edge, the design team has focused on allowing landscaping to extend beneath and around the buildings.

"The ground plane is conceived as an extension of the surrounding environment, allowing landscape to flow up to and beneath the built forms."

The architectural language also draws on the area's natural landscape, with Rothelowman describing a material palette influenced by local gum trees, bark textures, creek systems and sandstone tones.

<h2 data-end="4971" data-section-id="s69utu" data-start="4922">Affordable housing and build-to-rent component</h2>

One of the more significant aspects of the proposal is the diversity of housing typologies.

In addition to traditional apartments for sale, the scheme includes a dedicated 25-storey build-to-rent building with 208 apartments and a 22-storey affordable housing building containing 189 homes.

The affordable housing component represents almost 16 per cent of the total dwellings proposed within the Residential Core Precinct.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f87e6808-e462-44c6-bfa8-a3de1816f2e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.33.36%E2%80%AFAM.png?VersionId=WTsRKiUAyWw18S5S98yQB5oVuDcnJTxB" />

Community consultation undertaken ahead of the lodgement found support for additional housing in the area, particularly given ongoing affordability challenges across South West Sydney. Survey work conducted with local residents found housing affordability was one of the poorest-rated aspects of living in Leppington, while a majority of respondents were open to additional housing within the local government area.

The site's proximity to Leppington Station was identified as the most positively viewed aspect of the proposal, while public open space and affordable housing provisions also received majority support.

<h2 data-end="6184" data-section-id="1ngkie4" data-start="6140">Part of Leppington's broader expansion</h2>

ALAND will be a significant contributor to the broader vision for Leppington Town Centre, which is expected to accommodate more than 25,000 residents as the precinct evolves over the coming decades.

Located within Sydney's South West Growth Area, the 440-hectare Leppington Town Centre has been identified by the NSW Government as a strategic centre spanning both the Liverpool and Camden local government areas.

In 2023, Liverpool City Council and Camden Council, supported by the NSW Department of Planning and Environment, prepared a draft planning proposal to rezone land and amend development controls across a number of sites within the town centre.

The proposal outlines a new vision for Leppington Town Centre, reducing the amount of land allocated for business park uses while increasing land zoned for commercial development, housing and open space. The changes are designed to optimise land use across the precinct and support the delivery of a more walkable, transit-oriented centre anchored by Leppington Station.

&nbsp;

Joel Robinson

ALAND plots 1,200-home Leppington masterplan

Brisbane-based developer <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a>&nbsp;has enlisted renowned architecture firm Koichi Takada Architects to design its latest new apartment development.

The new 34-storey tower at <a href="https://www.apartments.com.au/new-apartments/57-berwick-street-fortitude-valley-qld-4006">57 Berwick Street, Fortitude Valley</a>,&nbsp;will have 189 apartments, complete with interiors by <a href="https://www.apartments.com.au/architects/byculprit">byCULPRIT</a>. The upper levels&nbsp;capturing views across the Story Bridge, city skyline, ranges, bay and river.

Residents will have access to a rooftop amenity floor with facilities including a pool, spa, sauna, hot and cold treatment, meditation garden, gym, yoga studio, private dining, BBQ, games lounge, wine display wall, work library, meeting rooms and outdoor work areas.

<a href="https://www.apartments.com.au/developers/trk-property-group">TRK</a> Founder and Managing Director, Arpan Kohli, said it will be a project "Brisbane hasn't seen before."

&nbsp;

"To deliver a project of this calibre, you need the right people involved," Kohli said.

"Koichi Takada Architects and byCULPRIT set the benchmarks for design excellence, and this project reflects that - a building of genuine architectural significance in one of Brisbane's most coveted locations, sitting between Howard Smith Wharves and the James Street precinct."

TRK recently launched <a href="https://www.apartments.com.au/new-townhouses/laya-residences-taigum-203-beams-road-taigum-qld-4018">LAYA Residences in Taigum</a>, 88 three-bedroom townhouses starting from $1,495,000. They have another apartment site in Indooroopilly, at <a href="https://www.apartments.com.au/new-apartments/140-central-avenue-indooroopilly-qld-4068">140 Central Avenue</a>. That will have 131 apartments.&nbsp;

&nbsp;

TRK proposes Koichi Takada-designed apartment development in Fortitude Valley

Perth development giant Finbar Group has completed its acquisition of the prominent 236 Railway Parade site in West Leederville, a year after first flagging plans for the transit-oriented development that will become its next major apartment project in Perth's inner west.

The ASX-listed apartment developer has secured the 4,997 sqm mixed use-zoned landholding opposite West Leederville Train Station for around $15 million, paving the way for the proposed Rosslyn Quarter development. The project is expected to deliver <a href="https://www.apartments.com.au/new-apartments/236-railway-parade-west-leederville-wa-6007">around 240 apartments across two towers</a>, alongside ground-floor commercial space.

The acquisition effectively concludes a process that began in mid-2025 when Finbar announced it had entered into a contract to purchase the site, subject to development approval and the finalisation of planning settings under the West Leederville Precinct Structure Plan. At that time, the company outlined plans for a pair of 18-storey towers with an estimated end value of around $200 million.

The site sits within the emerging Rosslyn Quarter precinct, approximately two kilometres from the Perth CBD and directly opposite the West Leederville Train Station. The location also places future residents within walking distance of the West Leederville Shopping Centre, Leederville's hospitality strip, and the neighbouring Subiaco activity centre.

Finbar CEO Ronald Chan said the acquisition builds on the developer's previous experience in the suburb, where it delivered the Motive Apartments project in 2017.

"We have previously enjoyed great success in developing in the West Leederville area given its excellent existing amenity and close proximity to the CBD, Leederville, Subiaco, and the West Leederville train station," Chan said.

He said the scale of the site would allow Finbar to deliver a well-located apartment project while strengthening its long-term development pipeline.

"The substantial scale of this site, with proposed potential for two eighteen-storey towers, will allow the Company to obtain scale benefits which will underpin the delivery of a medium-cost, well-located project," Chan said. "Importantly, this acquisition diversifies and strengthens our long-term development pipeline across metropolitan Perth, enabling us to time our product delivery strategically in line with market conditions."

According to Sterling Property, which brokered the transaction, the site was one of the most significant development opportunities to come to market in Perth's western suburbs in recent years.

Sterling Property Managing Director Brian Neo said opportunities of this scale in established inner-city locations remain tightly held.

"Sites of this scale and calibre, directly opposite a train station and within two kilometres of the CBD, are rarely offered to the market. When they are, they attract serious capital," Neo said.

The acquisition comes as Perth's apartment market continues to contend with limited development-ready sites in established suburbs, particularly those benefiting from both existing transport infrastructure and supportive planning frameworks.

With the West Leederville Precinct Structure Plan now adopted, Finbar can move forward with design development and the development approval process for what is expected to become one of the largest new apartment projects proposed in the suburb.

Finbar completes West Leederville site acquisition for Rosslyn Quarter project

The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Staff reporter

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