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A three bedroom Para Hills house has sold for $273,000 making it Adelaide’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-sa-para+hills-126208850" target="_blank">20 Frank Street</a>, the 696 sqm property is ideal for an investor, first home buyer or developer.
Built in 1962 it last sold for $291,315 in 2011.
It features three bedrooms with built-in robes as well as a formal lounge and dining area.
The bathroom has been partially updated while the kitchen is fully renovated with gas appliances.
Currently the property is tenanted on a periodic lease for $290 per week.
Other features includes a carport as well as a large rear shed.
The property was offered through Max de Meyrick of Weeks &amp; Macklin Real Estate.
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j.ballantyne1990-6AQqhLzZaK

Small loss as three bedroom Para Hills house sold for $273,000

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The final penthouse at luxury Roseville development, The Uptown, a joint venture between Chinese developers CWG Development and Longton Capital, has achieved the highest apartment sale price in the suburb for nearly two and a half years.
The $1.845 million sale saw a local North Shore buyer snap up the three-bedroom, three-bathroom fourth-floor penthouse residence.
Located at 1-31 Victoria St, Roseville, The Uptown is a medium-density development comprising 220 apartments across six buildings set on 1.3 hectares.
The sale confirms the ongoing interest from local owner-occupiers in The Uptown, according to Winnie Pi, Executive Director of Longton Capital.
<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/The%20Uptown%20-%20Penthouse%202.jpg" alt="">
“With its location in Roseville, The Uptown is close to many great north shore schools, in Chatswood, Roseville, Lindfield and Pymble, and this has been a key motivator for buyers in the area,” she said.
“In addition, the fact that The Uptown is located right near Roseville train station, and only one stop from Chatswood for shopping and dining, means it is perfectly situated for a range of owner-occupier buyers.”
The penthoused featured a raised ceiling section called The Clerestory, which gives an added feeling of space.
“With heights ranging from approximately 3100mm to 3400mm, these raised ceilings set the penthouses apart and make them a highly sought-after option for buyers seeking something extra.”
Jennifer Loh, Head of Sales &amp; Marketing for CWG Development, said buyers could secure the remaining 10 apartments ahead of the project’s pending delivery date in November.
Of the remaining apartments at The Uptown, one-bedroom plus study configurations are available from $860,000, while two bedrooms start from $1,210,000.
The project was designed by MD+A Architects and with interiors by Archer + Wright.
<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/The%20Uptown%20-%20Penthouse%203.jpg" alt="">
The Uptown will be set within lush landscaped gardens designed by 360 Degrees Landscape Architects.
To find out more about The Uptown, please call 1300 88 99 03 or visit <a href="https://www.propertyobserver.com.au/theuptown.com.au" target="_blank">theuptown.com.au</a>.
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Roseville penthouse attracts suburb’s highest apartment sale price in over two years

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A waterfront Sandringham house has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-sandringham-126255530" target="_blank">110-112 Ida Street</a>, Palazzo is designed to emulate the style of the Versace hotel chain.
It features views of the Georges River and beyond as well as the bay.
The entrance is dominated by a formal lounge and dining room while a chef’s kitchen is nearby.
Upstairs features the family room with water views and its own balcony as well as the master suite with walk-in robe and spa.
Outside is the Infinity edge swimming pool as well as alfresco courtyard and gardens.
<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/2017/09/14/110-112%20Ida%20Street-2.jpg" alt="">
A second spa could be found at the roof of the property.
Unique Estate agent Grant Dale commented that it was rare to find this level of finishes outside of a six-star hotel.
Fully equipped gym and steam room are also available on the property.
Other feature includes a automatic garage for four cars.
Sandringham Beach and reserves are an easy stroll away with the Sydney CBD 20 kilometres away.
The property is offered through Unique Estates agents Grant Dale and Simon Platt.
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Waterfront Sandringham house, Palazzo, listed for sale

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The listed fund managers Perpetual and Argo have lifted their stake in real estate group McGrath, acquiring shares offloaded by rebel former company executives and sales agents.
Perpetual Limited, the biggest institutional backer of McGrath, acquired an additional six million shares on Tuesday taking its overall stake to 14.16 per cent from a previous 10.05 per cent.
Third ranked Argo Investments increased its stake to 7.18 per cent from just over 5 per cent on Tuesday after the escrow period lapsed.
John McGrath remains as the top shareholder.
Both bought shares at 65 cents, a third of McGrath's $2.10 a share December 2015 IPO value
Shares in the company traded Thursday at 64 cents. 
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McGrath's two major institutional shareholders take more equity

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Low interest rates and rental vacancy rates makes Tasmania the ideal investment locality, according to Herron Todd White’s recent report on the Apple Isle.
The property data firm says that investor interest has grown compared to last year.
“It appears Tassie’s secret is out, that low interest rates, rental vacancy rates and capital entry levels partnered with stable rents translate to good investment yields and these factors appear to be the reasons behind growing investor participation in our residential market.
“Comparative to other states investors have not traditionally played a large part in the Tasmanian residential real estate market, however reports on recent data by the Real Estate Institute indicate that investor activity has grown from 14% to 21% compared to the same period last year with small gains in interstate investor activity.
“Currently first home owners in Tasmania are eligible for a $10,000 grant when purchasing a home however if they purchase either a newly built home, engage a builder or build themselves they are eligible for a further $10,000.
“State Revenue Office statistics reveal that grants paid to those purchasing new properties have declined by approximately 38% over the past twelve months indicating that first home buyers are forgoing the full $20,000 grant by purchasing established properties as they often represent better value.
“In doing so first home buyers are directly competing with investors in the sub $275,000 price bracket.
“Local investors appear to be purchasing residential property in the lower regions of this bracket with a view to renovating it themselves for either an investment yield by building their rental property portfolio or flipping it for capital gain.
“By contrast, interstate investors appear to be seeking investment yields or purchasing properties to retire to and renting them in the interim.
“Depending on the depth of their pockets, in some cases interstate investors are spending anywhere up to $500,000 plus,” the report stated.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-tas-port+huon-124492790" target="_blank">7 Bonnies Way</a>, Port Huon (above) has been listed for over $250,000.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-tas-upper+burnie-125996702" target="_blank">15 Churchill Avenue</a>, Upper Burnie (below) has been listed for $275,000.
Built in 1974 it last sold for $257,500 in 2013.
<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/2017/08/21/15%20Churchill%20Avenue.jpg" alt="">
The diversity in property in Tasmania is also due to its slower population growth Herron Todd White commented.
“Tasmania’s slower population growth has resulted in greater diversity of property types in each suburban area where small cottages can sit next to mansions which may explain why unlike other states, investors don’t tend to focus on any particular suburb,” the report commented.
Investors tend to focus on either properties suitable for renovation or those with development potential Herron Todd White advises.
“Investor focus, of which the lion’s share is local, appears to be on either properties ripe for renovation or those with development potential.
“In Tasmania’s south, the commuter suburbs of Glenorchy and Claremont, approximately ten and fifteen kilometres respectively north-west of Hobart along with New Norfolk, (a slightly longer commute being approximately 35 kilometres also to the north-west of Hobart) have been strong performers in recent months in this price bracket.
“The most economical areas in the north where the greatest volume of residential sales has occurred in recent months include George Town, Newnham and Mowbray. George Town is a satellite town of Launceston with a commute of approximately 40 minutes.
“The majority of sales in George Town were well under $180,000 and marketed for extended periods,” the report advised.
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Investor activity in Tasmania increases: HTW

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A renovated three bedroom MacGregor house sold for $420,000 placing it among Canberra’s cheapest recent auction sale.
Located at <a href="https://www.realestate.com.au/property-house-act-macgregor-126031114">10 Lipscomb Place</a>, the 707 sqm property is situated in a quiet cul-de-sac block.
Built in 1972 the property was last sold in 2004 for $253,000.
It features a front porch with views of the garden as well as an open plan living and dining area.
There is also a large master bedroom with four door ceiling-to-floor sliding door robe as well as two additional bedrooms with new mirrored robes.
The bathroom has also been renovated and features a new shower screen and wall tiling.
The property was offered through Ray White agent Stephanie Hendry.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-macgregor-126121718" target="_blank">8 Aaron Place</a>, MacGregor (below) was recently sold for $600,000.
Built in 1975 the 886 sqm property last sold for $224,000 in 2002.
<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/2017/09/14/8%20Aaron%20Place.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/property-house-act-macgregor-125920958" target="_blank">5 Gaggin Place</a>, MacGregor (below) has been listed for $599,000 plus.
Built in 1973 the 1034 sqm property last sold in 2011 for $432,000.
<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/2017/09/14/5%20Gaggin%20Place.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/property-house-act-macgregor-126290202" target="_blank">52 Dagmar Berne Street</a>, MacGregor (below) has been listed for $425,000 plus.
Built in 2008 the 485 sqm property's land was sold in 2007 for $320,000.
<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/2017/09/14/52%20Dagmar%20Berne%20Street.jpg" alt="">
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Renovated three bedroom MacGregor house sold for $420,000

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A three bedroom house in the Rockhampton region of Berserker, Queensland has been listed for mortgagee sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-berserker-126281270" target="_blank">157 Witt Street</a>, the 1012 sqm Queenslander property requires renovation to bring it to its full potential.
It last sold in 2007 for $128,000.
It features an in-ground pool plus an extra-large entertainment area complete with toilet and shower attached.
There are also three bedrooms and granite kitchen benches with extra storerooms under.
The median price of a three bedroom house in Berserker is $216,500.
The property is offered through Century 21 agent Nicola Skinner.
Another three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-berserker-124345574" target="_blank">162 Nobbs Street</a>, Berserker (below) was recently sold for $125,000.
The 607 sqm property was last sold for $217,500 in 2011.
<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/2017/09/12/162%20Nobbs%20Street.jpg" alt="">
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Berserker, Queensland house listed for mortgagee sale

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Residential land at Smithfield Plains, Adelaide, South Australia has been listed for mortgagee sale.
Located at <a href="https://www.realestate.com.au/property-residential+land-sa-smithfield+plains-201758938" target="_blank">4 Featherstone Street</a>, the 315 sqm building block has a frontage of 10 metres and a depth of 30 metres.
The property is situated close to a new shopping centre and public transport.
The property is offered through Harcourts agent Ken Loft.
A residential land at <a href="https://www.realestate.com.au/sold/property-residential+land-sa-smithfield+plains-201427990" target="_blank">1 Glades Walk</a>, Smithfield Plains (below) was recently sold for $70,000.
The 284 sqm land was last sold in 2011 for $105,000.
<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/2017/09/14/1%20Glades%20Walk.jpg" alt="">
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Smithfield Plains, South Australia residential land listed for mortgagee sale

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Investor activity in Alice Springs has not yet returned to previous levels, according to Herron Todd White’s latest report.
The property data firm says that however some investors remain keen to invest in the area.
“During the market correction experienced in Alice Springs post 2014, investor activity was noticeably reduced and has not yet recovered to previous levels.
“Some savvy investors remain however and are keen to jump on good opportunities.
“The Real Housing for Growth head leased properties were the most popular while they were available as they offered strong ten year leases plus options and were only available on new properties which offered the added depreciation benefits.
“These opportunities aren’t currently on offer for new properties although some pop up from time to time for resale.
“The stronger end of the investor market has traditionally been the sub $500,000 category which is still generally the most sought after,” the report stated.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nt-braitling-125756178" target="_blank">10 Timbira Street</a>, Braitling (above) has been listed for over $595,000.
Built in 1980 it last sold for $465,000 in 2013.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nt-gillen-126130550" target="_blank">20 Hablett Crescent</a>, Gillen (below) has been listed for $595,000.
Built in 1975 it last sold in 2010 for $610,000.
<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/2017/08/23/20%20Hablett%20Crescent.jpg" alt="">
Units have a slightly higher gross yield compared to houses Herron Todd White advises.
“Units at this level now offer gross yields of in excess of 6.5% for units, particularly older units however the returns can be reduced by high strata levies in certain areas.
“Houses sold for investment are less frequent, however typically offer a lower gross yield of closer to 6%.
“Local investors are typically well educated in the market corrections that have occurred in recent years and will be seeking strong yields in return for lower capital gains.
“With early signs now evident that there has been some stabilisation in the market we should see more activity.
“There are still some entry level units selling for significantly less than a few years ago and entry level houses that require some TLC and upgrades that will see investors find some good returns going forward,” the report advised.
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Investor activity in Alice Springs remains below pre-2014 levels: HTW

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Historic 148 Dangar Street, Armidale, has been listed by Ben Saxby of Professionals Armidale.
Constructed in the 1890s from traditional New England blue brick, the home will appeal to those who love period style architecture and luxury style living. 
The stables were originally built for James Miller’s Kaunda estate.
The stables, envisaged by James White, were described as “very comfortable quarters” for racehorses.
The building at 148 Dangar Street was refurbished as a four-bedroom residence after 1900.
The grand foyer boasts a staircase of Oregon and Hoop Pine joinery.
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Historic Armidale trophy home listed

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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