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j.ballantyne1990-6AQqhLzZaK

South Melbourne's Water Rat Hotel sold

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The Oxford Hotel’s leasehold is up for sale in Sydney’s Darlinghurst. It enjoys annual revenues in excess of $2.3 million per annum with a 24 hour liquor licence with 21 gaming machine entitlements. There are 24 years remaining on the lease (4 year initial term with 4 x 5 year options).
"It is currently operated under management - and would benefit from a more focused operator," the marketing agents advise.
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The hotel has had a recent $1 million renovation and refurbishment. It has 874 sqm GLA spread across four expansive levels - with an approved patron capacity of 670 people - including two bars, a cocktail lounge and a live performance area.
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The corner location on Taylor Square provides future retail and commercial uses.
In 2007 the property was valued at $36 million. 
It was listed for outright sale in 2014.
 
 
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Oxford Hotel in Darlinghurst leasehold listed for sale

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A joint construction company venture in Brisbane between the Chinese government-owned construction giant China Railway Construction Group's and construction company Rimfire Constructions has collapsed.
The joint venture formed by the two parties, CRCG-Rimfire Pty Ltd has been placed under voluntary administration, the Courier Mail reported last week.
Fairfax Media reported Grant Thornton has scheduled the first creditors meeting for Monday.
It was a big disappointment for the world's third largest construction company, according to a media statement by the company.
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<div>"Unfortunately, the appointment of an administrator to Rimfire Constructions (Qld) Pty Ltd being the subsidiary of our joint venture partner, Rimfire Constructions Pty Ltd in September has now had a flow-on impact on the joint venture company, CRCG-Rimfire," the company said,</div>
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<div>"CRCG wishes to be a productive, long-term participant in the Australian construction industry."</div>
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Rimfire Constructions was previously led by former Lendlease head of apartment construction Adam Moore and Danny Cain. 
In a report to the creditors of Rimfire Constructions, Mr Cain said Rimfire's troubles were caused by CRCG's refusal to pay for expenses incurred by the joint venture.
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<div>The business, which was initially profitable, had cost overruns, the report said, but agreement between the two companies which indicated CRCG would reimburse the JV costs ahead of regulatory approvals was not honoured, Mr Cain said.</div>
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<div>CRCG disputed the debt of $1.169 million and a CRCG spokesperson vehemently rejected the claims.</div>
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"The company is confident the voluntary administrator will get to the bottom of all transactions and that CRCG's position will be vindicated," he said.
"We now find ourselves in a situation where the directors had little choice but to place the company into voluntary administration," CRCG said.
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The biggest creditors in the JV fallout were subcontractors, material suppliers and employees, the joint venture's administrator, Grant Thornton's Michael McCann, said.
The joint venture had about six building contracts for apartment projects across Brisbane by unrelated developers.
The company had worked on an apartment complex at Greenslopes and a high-rise unit block in Baxter St, Fortitude Valley.
The Beijing-based CRCG has completed projects outside China, including the Four Seasons Hotel in Kuala Lumpur, a power project in Papua New Guinea and a 240 residential village in Saudi Arabia.
One of the largest companies in China and in the world, the $28 billion CRCC, has been responsible for large projects such as the Beijing-Shanghai High-speed Railway.
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Chinese construction joint venture in Brisbane collapse after partners dispute cost overruns 

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Crowdfunding company DomaCom has joined with KSI Investments for a land banking campaign in Western Sydney’s Rossmore/Badgerys Creek area.
Investors will soon be able to own units in a sub-fund of DomaCom Fund that will acquire the <a href="https://www.domacom.com.au/public-crowdfunding-campaigns/rural-properties/badgerys-creek-land-banking/?utm_content=bufferf089c&amp;utm_medium=social&amp;utm_source=twitter.com&amp;utm_campaign=buffer" target="_blank">Rossmore/Badgerys Creek</a> land site.
The DomaCom Fund is designed so that so that any number of investors can pool in different amounts to purchase a specific property asset – such as this Rossmore/Badgerys Creek parcels of land – and reap the benefits of the increased capital value of the asset over time.
The fund expects to deliver investors with strong capital growth in about 10 years.
DomaCom’s land banking formula enables even mum-and-dad investors to acquire an area of land zoned for rural or agricultural use that will, due to growth in the urban corridor, eventually be re-zoned to residential. Previously, it was the domain of institutional investors, DomaCom says,
It works on the principle that holding the land for the long term would see the property increase in value as population/housing demand sees re-zoning occur to create new suburbs.
The current land banking assets are at 60 Devonshire Road, Rossmore, which is a 2.5 ha of land. The other is 64 Devonshire Road (2.1 ha). The total area is 4.6 ha.
The zoning is RU4 – Rural Small Holdings.
The total price is $7.56 million or $162 per sqm.
This differs from traditional land banking where most of the profit goes to the developer. Instead, through the crowdfunding model, of DomaCom and KSI Investments, “investors will be able to receive some of the expected profit that traditionally has only been available to developers,” says the campaign document.
Key features: 
1. Western Sydney Airport at Badgerys Creek – 5km or 10 mins drive
2. Commercial hubs such as Penrith, Campbelltown, and Liverpool – 20km or 30 mins drive
3. Sydney CBD – 40km or 1 hour drive from Sydney CBD
4. Future regional centre, Leppington – 4km.  Leppington has been identified as a priority precinct by the NSW Planning Department and developments will include:
a. Train station
b. Supermarket and department store
c. Aquatic and sport centre
d. Community and cultural centres
e. A large integrated hospital
f. Employment for approx. 13,000 people
Rossmore precinct – only 2km away.  The future Rossmore precinct will also include:
a. Train station (location is currently under Government planning)
b. Supermarkets
c. 1 High school, 3 Primary schools, 3 Childcare centres and 15 General Practitioners.
The crowdfunding campaign is still being structured but applications are open for interested investors.
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DomaCom partners KSI Investments with crowdfunded campaign of Badgerys Creek sites

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Hervey Bay has traditionally been an owner-occupied market generally due to its beachside location and affordability, according to the valuation firm, Herron Toddy White.
The boom period of 2006 to 2008 saw investors take advantage of cheap property compared to their local southern markets however some of these initial investors are now local residents.
"There are many different housing options for home owners including villas, townhouses and units close to the foreshore, existing detached housing or vacant land with a view to building their new home," HTW's recent report noted.
Land generally starts from around $150,000, established older housing ranges from $250,000 to $450,000 up to esplanade and beach front property in excess of $750,000.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-torquay-126626730" target="_blank">43 Ann Street, Torquay</a> (picture above) has recently sold for $265,000, comfortably in the price range that HTW highlights. And it is close to the beach as well.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-urangan-126827282" target="_blank">53 Hansen Street, Urangan</a> has sold for $270,000. It is close to the beach as well. 
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New turn key house and land packages generally offering 4-bedroom, 2-bathroom accommodation with a double garage ranges from $375,000 to $500,000 depending on the estate.
Land sizes also vary considerably from the older, traditional 800 square metre to quarter acre block down to 400 square metres in some of the new estates.
Some acre or larger lots are still available however zoning changes have seen quite a lot of these larger blocks now being subdivided, HTW advised.
First home owners were active over the past two years however this now appears to have slowed as a consequence of local government incentives no longer being offered or offered at a reduced level.
Appetite for homes requiring renovation is improving with older beach shack property being prime targets due to location.
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The rental market has also been strong for a number of years now with a 4-bedroom home receiving $360 to $400 per week.
"This return has maintained an investor presence in our market.
"Most investor activity is, however, in the new estates which also has tax benefits for new homes."
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Hervey Bay sees decline in first home buyer activity

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The Australian Property Institute has appointed Amelia Hodge its first chief executive officer.
Hodge takes over from Mike Zissler, who lead the institute through a three-year transformation.
Hodge has been CEO of the Queensland Law Society, leading 13,000 members of the legal profession.
Her prior senior executive roles included time at Powerlink and Origin Energy.
The API’s national chair Tyrone Hodge told members she had the diverse experience and leadership attributes to lead the organisation through the next phase of API’s board strategy.
“With the property industry experiencing significant technology and business model disruption and the associated risks and opportunities that evolve from that, Amelia offers the necessary skills to drive the API’s objectives.
A strategic alliance with the Royal Institution of Chartered Surveyors (RICS) has been undertaken by the 90-year organisation.
 
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Amelia Hodge becomes API's chief executive

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Casula, Liverpool and Warwick Farm are among the Greater Sydney suburbs with the most number of households in stress, according to a blog update on Digital Finance Analytics (DFA).
In its October Mortgage Stress update, DFA had estimated more than 910,000 households across Australia to be now in mortgage stress, up from 905,000 in September.
Of these, more than 21,000 were in severe stress, up by 3,000 from the previous month. This equates to 29.2% of households. 
“We see continued default pressure building in Western Australia, as well as among more affluent household, beyond the traditional mortgage belts across the country,” said the Martin North blog.
The top 10 most stressed post codes in the region identified by DFA are: 
<ol>
<li>2170: Casula, Chipping Norton, Hammondville, Liverpool, Liverpool South, Lurnea, Moorebank, Mount Pritchard, Prestons, Warwick Farm. The sum of households in mild stress is 6,384. 
</li>
<li>2560: Airds, Ambarvale, Appin, Bradbury, Blair Athol, Bradbury, Campbelltown, Englorie Park, Gilead, Glen Alpine, Kentlyn, Leumeah, Rosemeadow, Ruse, St Helens Park, Wedderburn, Woodbine 
</li>
<li>2770: Bidwill, Blackett, Dharruk, Emerton, Hebersham, Lethbridge Park, Minchinbury, Mount Druitt, Shalvey, Tregear, Whalan, Willmot 
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<li>2567: Currans Hill, Harrington Park, Mount Annan, Narellan, Narellan Vale 
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<li>2171: Cecil Hills, Horningsea Park, Hoxton Park, Middleton Grange, West Hoxton 
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<li>2800: Borenore, Cargo, Lucknow, March, Mullion Creek, Nashdale, Orange, Spring Hill 
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<li>2570: Camden, Camden Park, Cawdor, Cobbitty, Elderslie, Ellis Lane, Grasmere, Mount Hunter, Nattai, Oakdale, Orangeville, The Oaks, Werombi 
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<li>2259: Chain Valley Bay, Dooralong, Durren Durren, Gwandalan, Halloran, Hamlyn Terrace, Jilliby, Kanwal, Lake Munmorah, Lemon Tree, Mannering Park, Mardi, Ravensdale, Summerland Point, Tacoma, Tuggerah, Tuggerawong, Wallarah, Warnervale, Watanobbi, Woongarrah, Wyee, Wyong, Wyongah, Yarramalong 
</li>
<li>2768: Glenwood, Parklea, Stanhope Gardens 
</li>
<li>2176: Abbotsbury, Bossley Park, Edensor Park, Greenfield Park, Prairiewood, St Johns Park, Wakeley </li>
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South-west suburbs of Greater Sydney top households with housing stress: DFA

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The landscape of the Gladstone property market in Queensland has changed dramatically in five short years, the valuation firm Herron Todd White (HTW) said in a recent report.
During the boom, the market was dominated by investors trying to cash in on the hype that surrounded Gladstone, it advised.
"Value levels and rents were the highest Gladstone had ever seen, vacancy rates were essentially 0%, motels were running at 150% occupancy," the report said.
"Fast forward five years and the property market could not be more different!"
HTW suggest you would be hard pressed to find a property owner who has not suffered some sort of loss in the past few years.
"On the other hand, the buyer’s market we currently find ourselves in has attracted many different types of home owners to the market," it said.
"The affordability of property in Gladstone has turned us from one of the most expensive places to live in the state to one of the cheapest.
"Value levels have not been this low for nearly two decades.
"We have seen a large contingent of first home owners enter the market."
First home buyers appear more active in the sub $400,000 market for both existing and newly constructed homes, however if purchasing existing homes they are generally looking to buy at a lower price point, it said.
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-south+gladstone-126628662" target="_blank">9 Eden Street, South Gladstone</a> (picture above), close to the Gladstone CBD, recently sold for $230,000. It sold in 2010 at $385,000.
In another sale, a five-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-west+gladstone-126788558" target="_blank">16 Norris Street, West Gladstone</a> recently sold for $197,500. The price point meant that it was well suited to first home buyers.
It last sold for $348,000 in 2010. It's price was just above its 2004 sale at $195,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/Gladstone2.jpg" alt="">
It noted upgraders are also taking advantage of the current affordability with buyers typically looking for detached housing with space for the children, both internally and externally.
"Proximity to infrastructure such as schools and shopping play an important role in these buyers’ decisions," the HTW report advised. 
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Gladstone now one of the cheapest locations in Queensland: HTW

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Activity in Townsville’s residential property market is currently dominated by owner-occupiers with a number of these buyers being first time participants, the valuation firm Herron Todd White (htw) has signalled in a recent report.
"Sentiment is building in Townsville’s residential property market which is consolidating at the start of recovery phase, although the market is showing a dichotomy with the recovery in the housing sector advancing, whilst the market for land and units continues to teeter," it advised.
First time buyer participants in the local market are buying houses across most suburbs of Townsville and include a mixture of new, semi modern and older style homes.
"This sector of the market would appear to be mostly active in the $300,000 to $400,000 range," it noted.
"It would appear that first time participants in the market have realised that now is the time to buy with record low interest rates, good affordability and a buyer’s market creating favourable conditions for these buyers." 
A three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-townsville+city-125624582" target="_blank">251 Wills Street</a> in Townsville City (picture above) recently traded for $400,000. The house is perched on the foothills of Castle Hill.
Another house in Townsville City, this one a two-bedroom dwelling, changed hands earlier this year for $329,000. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/Townsville2.jpg" alt="">
Other owner-occupiers include upgraders moving from units to houses, renovators, those moving to superior locations and downsizers.
"This market encompasses a wide range of values and suburbs."
The valuation firm noted Townsville’s median house price remained soft.
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First home buyers think it's time to buy in Townsville: HTW

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A typical home owner in Mount Gambier could be a first home buyer, a family or an empty nester, according to a recent report from the Herron Todd White (HTW) valuation firm.
First home buyers are generally younger and look for a property that is within the $150,000 to $250,000 price range.
Families are generally after a home that has three to four bedrooms and perhaps two living areas and is within the price range of $250,000 to $450,000.
"For empty nesters it is varying," the report said.
"They may be looking to downsize from a large family home.
"They are pretty flexible and may choose to either buy or build a modern, smaller dwelling for easier maintenance.
"A lot of empty nesters are also selling and following their children to university or even packing up and travelling."
Recently, a three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-120791109" target="_blank">61 Acacia Street</a>, picture above, in Mount Gambier recently sold for $185,000.
Another three-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-mount+gambier-126405418" target="_blank">81 Cardinia Street</a> recently changed hands for $220,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/22/MtGambier2.jpg" alt=""> 
HTW noted with the construction grant still in place for first home buyers, it is still common for first home buyers to build their first home.
These homes are generally within the price range of $250,000 to $350,000.
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Mount Gambier first home buyers spending $150,000 plus: HTW

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Staff reporter

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