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A Fender Katsalidis-designed Fitzroy abode - in a former panel repairs shop at 423 Napier St, Fitzroy - listed with price expectations between $3.4 million to $3.6 million sold at weekend auction.
<div class="details-main details-main--full-width details-panel details-panel--bottom-margin" data-reactid="34">
<div class="two-column-layout__left-col__constrain-to-width details-panel__main" data-reactid="35">
<div class="property-info details-main__inner" data-reactid="36">It fetched $3,575,000.</div>
<div class="property-info details-main__inner" data-reactid="36"> </div>
<div class="property-info details-main__inner" data-reactid="36">The red brick 1880s building had been originally a farriers building.</div>
<div class="property-info details-main__inner" data-reactid="36"> </div>
<div class="property-info details-main__inner" data-reactid="36">It last sold at $875,000 in 2000.</div>
<div class="property-info details-main__inner" data-reactid="36"> </div>
<div class="property-info details-main__inner" data-reactid="36">The two level residence with Westgarth Street corner access had been converted into a four bedroom home.</div>
<div class="property-info details-main__inner" data-reactid="36"> </div>
<div class="property-info details-main__inner" data-reactid="36">The property has two private courtyards.</div>
<div class="property-info details-main__inner" data-reactid="36"> </div>
<div class="property-info details-main__inner" data-reactid="36">It was sold through Jellis Craig.</div>
</div>
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j.ballantyne1990-6AQqhLzZaK

Fender Katsalidis-designed Fitzroy factory residential conversion sold 

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The Beach Hotel in Byron Bay has sold for $70 million to a Melbourne-based private equity firm backed by the wealthy Liberman family.
The rumoured sale was first reported in <a href="https://www.realestate.com.au/news/byron-bay-expansion-no-laughing-matter-for-john-strop-cornell/" target="_blank">The Sunday Telegraph</a>.
The vendor, racing car driver Max Twigg, then denied to The Australian last week that he was selling the pub in the iconic northern NSW township, adding: “I am a happy owner, I have been for ten years.”
But it has since been confirmed by The Australian the hotel, overlooking Byron’s Main Beach, has sold under a long settlement agreement.
It’s gone to the Impact Investment Group, in a record-breaking deal.
Mr Twigg paid about $44 million for the hotel a decade ago.
The hotel in Bay Street was developed by John Cornell about 25 years ago.
Cornell built the hotel in Byron’s Bay Street for about $9 million in 1990.
The hotel’s licensee, Melbourne restaurateur John van Haandel, has exercised his option to continue running the popular hotel under the remainder of his long-term lease arrangements.
The hotel, Byron Bay’s largest venue, hit the market mid last year with price expectations of between $75 million and $80 million.
Impact Investment Group has more than $400 million in funds under management. Investors include wealthy individuals, families, institutional investors, corporations and foundations.
The 6.3 per cent yield struck for the famous hotel's freehold title also reportedly set a new benchmark, with recent major metro pub deals struck on yields around 8 to 8.5 per cent
According to an information memorandum prepared for last year's sales campaign, the pub brought in annual revenue of about $4.3 millon from its multiple bars, bistro, beer garden, bottle shop, gaming room, 25 hotel rooms and conference facilities
Impact joins the push by private equity groups into the pub sector after White &amp; Partners, the private investment arm of the White real estate family, snapped up the Allawah and General Gordon pubs in Sydney for a combined $48 million.
Pub values have surged in the past 18 months with yields compressing by 50-100 basis point over the past year.
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Beach Hotel, Byron Bay, sold for $70 million

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Residential land 13 kilometres south-east from Melbourne's CBD at Murrumbeena, Victoria has been listed for mortgagee sale.
Located at <a href="https://www.realestate.com.au/property-residential%20land-vic-murrumbeena-201897226" target="_blank">17 Rosella Street</a>, the 1,175 sqm block has plans and permits for six double storey dwellings.
It last sold in 2015 for $450,000.
North-facing the land can also be redeveloped in other forms (STCA) or be used as a new luxury home site.
The property also has rear row access to Howe Street.
The area is close to Hughesdale shops, cafes and public transport.
The property is offered through Thomson agents David Thomson and Dan Dyason.
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Murrumbeena, Victoria residential land listed for mortgagee sale

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On Sydney's upper north shore a St Ives offering has been sold off market by a billionaire who hails from the petrochemical industry in China.
The 5729 sqm Douglas Street property sold a year ago at $9.9 million with an older style single-level double-brick home, guest house, a pool and a tennis court.
But Paul Diks and Daniel Jin at Richardson &amp; Wrench had it re-listed.
They secured $11.2 million.
It seems it might now become a site for five houses.
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St Ives sale secures record $11.2 million

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Entrepreneur and adman John Singleton has listed the Level 3 Icebergs Dining Room and Bar leasehold on Sydney's iconic Bondi Beach.
The Icebergs Dining and Bar has a lease with John Singleton's company until 2036.  Singleton, who has a lease until 2042, expects around $15 million.
Icebergs Dining and Bar is 675 sqm and currently leased to Maurice Terzini and partners.
Andrew Jolliffe, Ray White's Asia Pacific Director of Hotels has the sale. He said interest in the property will by both domestic and international.
"Waterfront hospitality offerings are, frankly, so very rare in terms of the inherent barriers to entry for suitable replacements, that they rightfully enjoy the most revered of reputations from sophisticated investor groups and indefatigable loyalty from their respective patron bases" he said.
"What Singo and others did in backing the repurposing of this undeniably iconic property on Australia's most famous beach is truly remarkable, and what the current operator Maurice Terzini and his extraordinary team are doing there seven days a week is, by any measure, world class.
"I don't know anywhere else in the world where, at an A-grade hospitality development, you can enjoy a meal and drinks at a vantage point behind the line up of legendary right hand waves that serve as Bondi's calling card in international surf culture. It really is uniquely superb.
"Former NSW Premier Bob Carr has described the renewed property as the best urban renewable effort in the world.
"What an incredible compliment, and now what an incredible chance for someone else to take over the reins."
Singleton made a promise to the management over 25 years ago to completely rebuild the premises after it was found to contain concrete cancer.
He said it is an institution that the community, politicians, swimmers, diners and NSW and Australia can be truly proud of.
"It is etched in the Aussie ethos of helping your mates, doing your bit and providing something for future generations not only to be proud of, but to reflect on what we had to do to make this great place even better" said Singleton.
"It's a true living example of community spirit, and if you go there on any given day, you can't help but notice what it means to the community and its members.
"I'm really happy I was able to do my bit to save the Icebergs."
Jolliffe has recently sold waterfront hospitality properties including The Newport Arms, Clovelly, Collaroy and Crown Plaza hotels on Terrigal Beach as well as the Patonga Beach Hotel. 
The Icebergs Level 3 sale is being conducted via an international expressions of interest campaign concluding October 12, 2017. 
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Entrepreneur and adman John Singleton lists Level 3 Icebergs Dining Room and Bar

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A five bedroom Kew house has sold for $5.58 million making it Melbourne’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-house-vic-kew-126210698" target="_blank">5 Stoke Avenue</a>, the property is European-inspired with a northern rear aspect.
Built in 2007 the property last sold for $1.379 million in 2004.
It features a media room, with potential to become a home cinema, as well as formal sitting and dining room with gaslight fireplace and window overlooking water feature.
Downstairs is the guest bedroom with ensuite as well as laundry and powder room.
The granite kitchen features Miele appliances and opens to a formal garden with an outdoor gazebo dining 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/2017/09/17/5%20Stoke%20Avenue-2.jpg" alt="">
Upstairs is the main bedroom with walk-in robe and ensuite as well as three further bedrooms, or two plus a study, both with ensuites.
Other features includes double garage and remote gates.
Kew and Balwyn shopping options are minutes away as well as parklands and the Outer Circle trails.
The property was offered through Marshall White agents Sophie Su and Daniel Williams.
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Five bedroom Kew house sold for $5.58 million

Harbourfront McMahons Point weekend's most expensive sale

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The Melbourne apartment market is still at its peak, according to Herron Todd White’s latest report.
The property data firm says that it has not changed since last month’s report.
Melbourne is the only major capital city at its peak.
It is joined by Coffs Harbour, Gold Coast and Newcastle.
Sydney's market is beginning to decline.
Brisbane's unit market is in decline.
 
<a href="https://www.propertyobserver.com.au/images/2017/09/07/Screen%20Shot%202017-09-07%20at%202.15.09%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/09/07/Screen%20Shot%202017-09-07%20at%202.15.09%20pm.jpg" alt="">
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-flemington-126288362" target="_blank">7/106 Ascot Vale Road</a>, Flemington (above) has been listed for $259,000.
A one bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-clifton+hill-126413166" target="_blank">11/109 Heidelberg Road</a>, Clifton Hill (below) has been listed for $339,500.
It last sold in 2007 for $307,500.
<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/2017/09/14/11_109%20Heidelberg%20Road.jpg" alt="">
On the other hand Albury has now moved to a rising market.
Units in Bathurst, Orange and south west Western Australia are starting to recover.
Units in Alice Springs remains at the bottom of the market.
A one bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-alice+springs-109123501" target="_blank">5/26 Palm Place</a>, Alice Springs (below) has been listed for $159,000.
<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/2017/09/13/5_26%20Palm%20Place.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nt-desert+springs-126146306" target="_blank">3/4 Caterpillar Court</a>, Desert Springs (below) has been listed for $375,000.
Built in 1995 the 216 sqm property last sold for $185,000 in 2005.
<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/2017/09/13/3_4%20Caterpillar%20Court.jpg" alt="">
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Sydney unit prices declining, Melbourne apartments at peak, Alice Springs units at bottom of market: HTW property clock

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A 117 acre farm at Tasmania's Wynyard has been listed for auction.
Located at <a href="https://www.realestate.com.au/property-lifestyle-tas-wynyard-7921838" target="_blank">66 Table Cape Road</a>, the property has approval for new residence and two additional villas with ocean-views.
It features the award winning Aquila Barn, a boutique accommodation businesses that has views down the valley to Wynyard and the hills beyond.
The farmland also operates as a grazing property on basalt soils.
Aquila Barn features an open plan design and won an excellence award in design innovation and construction.
<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/2017/09/15/66%20Table%20Cape%20Road-2.jpg" alt="">
Aquila B&amp;B is a twin bedroom suite with its own lounge and shower bathroom.
It features a deck under the Fuji Cherry Tree canopy wit views over the Pinot Noir vineyard.
<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/2017/09/15/66%20Table%20Cape%20Road-3.jpg" alt="">
The property is auctioned on October 20 through Tony Maguire of Landmark Harcourts.
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Wynyard, Tasmania farmland property listed for auction

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The late J R “Jimmy” Matthews who passed away in October last year at 81 years of age was a legendary stock and station agent.
Jimmy regularly acted for Australia’s big corporate farmers as well as a significant client list of cattle producers in the southern states.
He joined the industry at 14 years of age and was still active as a buyer in the markets virtually right up to his passing.
His first job was at the stock &amp; station agency Fisken Read, which he eventually owned by inheritance, and helped build it into what was considered the largest privately-owned stock and station agency in the southern hemisphere.
A significant business in the halcyon days of the original Newmarket saleyards until their closure in 1982 the business regularly handled the sales of over 200,000 cattle a year.
But with his passing the executors of his estate have appointed Rodwells Ruralco Property of Melbourne and Kilmore to sell by public auction his acclaimed home property known as Emu Park.
Located at 115 West Goldies Road at Lancefield on the fertile edge of the Macedon Ranges, the magnificent property sits within about two kilometres at its closest point to the local township.
Emu Park has an area of 215 hectares, or 532 aces, and is held in four titles.
Ruralco Property’s selling agent Pat Reddan says about half the property or 257 acres are creek flats and adjacent gentle undulating pasture.
“Jim ensured that the property was always a showpiece and its pastures were always well managed over the twenty or more years he owned it with its physical improvements and pastures the latter carefully managed through fertilization and pasture upgrading.
“He was always proud of the quality of livestock he turned off the property and today it is running about 100 cows, their calves and another 100 weaner cattle”.
Water resources are another feature as Emu Park has a one kilometre double frontage to Deep Creek, including a large billabong that acts as permanent storage.
The Emu Park Homestead built before 1900 is a large well-maintained and impressive timber home of considerable scale with three large bedrooms, a fourth that acts as an office or sunroom, both formal and informal living, dining and sitting areas, a kitchen and pantry, with spilt-system air conditioning and open fireplaces.
<img src="https://www.urban.com.au/images/2017/09/15/RURALCO%20EMU%20PARK%20COUNTRYSIDE.JPG" alt="">
There are also significant veranda areas from which attractive district views can be sighted.
Located in a long-established garden the home presents to a very high standard and retains all of its historic pastoral character.
Significant farm building infrastructure is also in place including the large original farm barn with four stables and a foaling unit, plus a large steel framed machinery and storage building.
There is the original shearing shed again with a harness room and feed annex while a good set of cattle yards and loading race is of practical benefit.
There is also an equestrian ménage and round yards with a camp drafting arena on the property which has staged important competitions over the years.
The property has all essential services in place and is within a commutabe distance of the City or the airport and the adjacent towns of Lancefield and Romsey are within easy reach.
Pat Reddan says Jim Matthews acquired Emu Park from a family that owned it long term and had passed it down from generation to generation property and owing it for over twenty years he long regarded himself as a custodian of history.
“Only one hour north of the City and set amongst all the food, wine and cultural attractions of the Macedon Ranges Emu Park is a unique grazing property that is significant for its location and scale.
“Clearly it offers enormous scope and potential to continue for grazing or other agricultural interests, to add equestrian pursuits, or for lifestyle or new cultural activities.
“As a rare unrepeatable opportunity to purchase I am putting the value it is likely to realise as from $6,000 per acre” Pat Reddan says.
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Legendary stock agent Jimmy Matthews’ Lancefield Emu Park listed for sale

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Joel Robinson

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada files for trio of apartment towers in Campsie town centre</a>

Arada entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

Staff reporter

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