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An owner-occupier in the building industry has paid $590,000 for an office/warehouse unit at Clayton in Melbourne’s south-east in a deal brokered by Savills agent Daniel Kelly. 
The <a href="https://www.commercialrealestate.com.au/property/1-1866-princes-highway-clayton-vic-3168-2012556827" target="_blank">unit 25, 1866 Princes Highway</a> property comprises a modern 335 square metre facility which is part of Pomeroy Pacific’s speculative 24 unit Wareca showroom and warehouse development.
"The purchaser was keen to secure a property which offered the best location, not just in terms of access to freeways but also exposure, and a modern building that facilitated operational efficiencies,’’ Kelly said.
He said the vendor, Stockwood Building Group, would relocate to Notting Hill.
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j.ballantyne1990-6AQqhLzZaK

Owner-occupier buys Clayton warehouse for $590,000

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A tenanted warehouse facility at Nunawading in Melbourne’s eastern corridors industrial hub has been sold by Ray White Commercial for $1,040,000.
It represented a yield of 4.8% for the property at 8-10 Rooks Road.
It was sold to a local investor by Brett Diston of Ray White Commercial.
The 389 square metre building has an established tenant on a five-year lease, with two five-year options.
“The property is currently returning net rental of $50,062 per annum,” said Diston.
He said the building is situated on a land area of approximately 616 square metres and is zoned Industrial 1.
“The site has rear laneway access and three car spaces available.
“The prominent corner freehold is within 100 metres of Whitehorse Road, providing ease of access to major arterials.”
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Warehouse facility at Nunawading sold for $1,040,000

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Australian cricketer Josh Hazelwood has splashed $3.8 million on a Hunters Hill home.
The recently built four bedroom, three bathroom home sits on a 500 square metre block.
It features dedicated lounge and media rooms, an upper level lounge with balcony and an alfresco retreat with outdoor kitchen that overlooks the pool.
It's the first foray into the Sydney property market for the 25 year old from Tamworth. At 17, Josh Hazlewood became the youngest fast bowler to be selected by New South Wales when he faced New Zealand in November 2008.
The 1.96 metre tall bowler stood out in the auction crowd last weekend when it was offered by McGrath Hunters Hill agent Tracey Dixon. 
Hazlewood made his senior debut for Australia at the age of 17 at the SCG against New Zealand in 2008.
He reached 50 career wickets in just his 12th Test, faster than Shane Warne, Glenn McGrath and Mitchell Johnson.
This article first appeared in The Sunday Telegraph.
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Josh Hazelwood secures Hunters Hill home

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Broken Hill is the top location with the highest rental yield in NSW for houses, according to Investar’s latest market report
The property investment firm states that at a weekly median rent of $200 investors can expect to receive a yield of 9.90%.
This is followed by Woolgoola with a rental yield of 9.10% and Ballina with a rental yield of 8.75%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="71">
Suburb
</td>
<td valign="top" width="71">
Postcode
</td>
<td valign="top" width="71">
Median listing price
</td>
<td valign="top" width="71">
Weekly median rent
</td>
<td valign="top" width="71">
Rental yield
</td>
</tr>
<tr>
<td valign="top" width="71">
Broken Hill
</td>
<td valign="top" width="71">
2880
</td>
<td valign="top" width="71">
$105,000
</td>
<td valign="top" width="71">
$200
</td>
<td valign="top" width="71">
9.90%
</td>
</tr>
<tr>
<td valign="top" width="71">
Woolgoola
</td>
<td valign="top" width="71">
2456
</td>
<td valign="top" width="71">
$200,000
</td>
<td valign="top" width="71">
$350
</td>
<td valign="top" width="71">
9.10
</td>
</tr>
<tr>
<td valign="top" width="71">
Ballina
</td>
<td valign="top" width="71">
2478
</td>
<td valign="top" width="71">
$213,500
</td>
<td valign="top" width="71">
$360
</td>
<td valign="top" width="71">
8.76%
</td>
</tr>
<tr>
<td valign="top" width="71">
Nambucca Heads
</td>
<td valign="top" width="71">
2448
</td>
<td valign="top" width="71">
$185,000
</td>
<td valign="top" width="71">
$270
</td>
<td valign="top" width="71">
7.58%
</td>
</tr>
<tr>
<td valign="top" width="71">
Deniliquin
</td>
<td valign="top" width="71">
2710
</td>
<td valign="top" width="71">
$140,000
</td>
<td valign="top" width="71">
$200
</td>
<td valign="top" width="71">
7.42%
</td>
</tr>
</tbody></table>
An example would be a two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-121857750" target="_blank">764 Brady Street</a> (above) that is for sale for $110,000.
Similarly a two bedroom home at <a href="https://www.realestate.com.au/property-house-nsw-broken+hill-120934397" target="_blank">187 Lane Street</a>  (below) is for sale for $110,000.
<img src="/images/2016/10/24/187%20Lane%20Street.jpg" alt="">
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Broken Hill takes top spot for NSW's highest rental yield: Investar

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The Ray White Hotels Asia Pacific director Andrew Jolliffe has listed a Top 100 gaming property, The Tennyson Hotel at Mascot.
Set on Botany Rd, the Tennyson Hotel is a popular hotel with 30 gaming machines.
"Notwithstanding the latest ranking at 87 in NSW, the hotel requires an upgrade," Jolliffe advised.
The leading hotel architect Paul Kelly has designed a renovation which has DA approval.
"Only a very small number of Top 100 gaming hotels have changed hands over the past few years," commented Jolliffe.
"The reality is that this should be a Top 50 Gaming hotel," he added.
<img src="/images/2016/11/03/Aerial%20Hero%20Image.jpg" alt="">
The two-level large format hotel has a Sidney Warden-designed Inter-War Functionalist structure on the busy Botany Road and High St corner.
Its allotment is 1400sqm.
Jolliffe's client, JDA Hotels recently contemplated an unsolicited offer, advised John Feros of JDA Hotels.
The hotel, even in its currently unrenovated state, attracts in excess of $8m in annual receipts from predominantly high gross profit margin revenue centres.
<img src="/images/2016/11/03/Hero%202.jpg" alt="">
It goes to Ray White on December 1.
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Tennyson Hotel at Mascot listed by Feros family

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Melbourne is one of the cheapest places in Australia to rent an apartment or house - but not an individual room, according to a new rental price metric by Rent.com.au.
The Rent.com.au median room price metric shows that Sydney has the highest rental prices per room at almost $250 a week, followed by Canberra, Darwin and Melbourne.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="142">
City (metro area)
</td>
<td valign="top" width="142">
Median Room/wk
</td>
<td valign="top" width="142">
Median Property/wk
</td>
</tr>
<tr>
<td valign="top" width="142">
Sydney
</td>
<td valign="top" width="142">
$248
</td>
<td valign="top" width="142">
$520
</td>
</tr>
<tr>
<td valign="top" width="142">
Canberra
</td>
<td valign="top" width="142">
$183
</td>
<td valign="top" width="142">
$430
</td>
</tr>
<tr>
<td valign="top" width="142">
Darwin
</td>
<td valign="top" width="142">
$175
</td>
<td valign="top" width="142">
$470
</td>
</tr>
<tr>
<td valign="top" width="142">
Melbourne
</td>
<td valign="top" width="142">
$163
</td>
<td valign="top" width="142">
$380
</td>
</tr>
<tr>
<td valign="top" width="142">
Brisbane
</td>
<td valign="top" width="142">
$150
</td>
<td valign="top" width="142">
$400
</td>
</tr>
<tr>
<td valign="top" width="142">
Hobart
</td>
<td valign="top" width="142">
$135
</td>
<td valign="top" width="142">
$330
</td>
</tr>
<tr>
<td valign="top" width="142">
Perth
</td>
<td valign="top" width="142">
$130
</td>
<td valign="top" width="142">
$380
</td>
</tr>
<tr>
<td valign="top" width="142">
Adelaide
</td>
<td valign="top" width="142">
$125
</td>
<td valign="top" width="142">
$340
</td>
</tr>
</tbody></table>
Rent.com.au CEO Greg Bader said the new price metric was a different way to look at the cost of a Rental, more accurate in a sense for people that share a home with others
“Much of the existing data about rental properties and prices is based on metrics developed for homeowners, like dwelling price. We’ve introduced the median room price metric, it goes someway to levelling the distortion around the type of property (flat, unit, house) and hope it provides another view that can be used by Australian renters,” he said.
“There are significant differences. For example, the data based on dwellings shows that it costs the same to rent per week in Perth and Melbourne. But that’s not really true. The reality is that it costs renters more than $30 extra per room in Melbourne each week.
“The difference between Adelaide and Sydney is more than $120 per room. That extra cost per room has a serious impact for families as well as people who are looking to share a home with other renters. These are the sort numbers - designed specifically for renters, not homeowners - that have so far been hidden from view.”
Mr Bader said Rent.com.au was dedicated to developing new services designed specifically for Australia’s growing number of renters.
“So much of the public discussion around real estate in Australia is focused on owning property, but there’s about 7 million people in Australia who rent their homes and we want them to be represented as well,” he said.
A recent Rent.com.au survey found that long-term security and rental affordability were two of the biggest concerns held by Australian renters, and that families were the most common kind of renters - accounting for 40 percent of tenants.
Corrabare, NSW mother of three Tabatha, 43, said she had to move further out from the city as rental prices in metro areas increased.
“I’m in a position now where I’ve got a roof over my head, but for how long?” she said.
“I’ve moved 19 times since 2006. I moved house the day my 7-year-old was born. She’s never had stability. I’ve taught my kids to respect where they live and I take care of the property, but I don’t have a chance compared to renters with no kids.”
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Rent.com.au new metric shows Melbourne as cheapest place to rent an apartment or house

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Sydney remains Australia’s strongest and most enduring property market, according to McGrath's latest report.
It's powered by long-standing fundamentals of undersupply and population growth, providing every type of lifestyle possible including beachside, harbourside, CBD living and suburban neighbourhoods for almost 5 million residents.
"Sydney real estate is like gold and in my opinion, despite the phenomenal boom of 2012-2016, Sydney property prices will continue to rise," the report stated.
Latest figures from CoreLogic RP Data tell us that Sydney property prices have risen 64% in four years.
This is spectacular growth and well ahead of the second best result in Melbourne at 44%.
For many Sydney property owners, the boom has delivered extraordinary gains for those in the market. But how do you best capitalise on this newfound wealth?
<a href="/images/2016/10/31/Sydney.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney.jpg" alt="">
Meantime, the market is showing signs of plateauing but price growth has continued due to a significant undersupply of stock and strong demand buoyed by further falls in interest rates.
According to CoreLogic RP Data, the pace of price growth in Sydney has halved this year but median property values are still up 12.8% to $880,000 for houses and 7.5% to $665,500 for apartments over the first eight months of 2016. Pretty impressive for a slowing market.
Record low listing numbers have contributed to very strong auction clearance rates between 70% to above 80% all year.
Local upgraders have been the greatest buying force, aiming to use new equity to upgrade their homes and potentially refinance while interest rates are so low. However, fear of selling and not being able to buy back in is resulting in a determination to buy first, so stock remains low.
Many would-be upgraders are staying put and renovating instead, with Sydney and Melbourne owners spending more than twice the money of owners in other capital cities, according to the ABS and Domain research.
While investors are still out there, we have definitely noticed a drop-off due to tighter lending criteria. The APRA-led changes introduced in early 2015 aimed to limit growth in the banks’ property investment lending to less than 10% per year and this has now been achieved.
The top end of the market improved this year. The lower dollar has encouraged expats and foreign buyers; and locals who purchased wisely post-GFC are now looking to cash in and upgrade.
In Sydney, Eastern Suburbs owners who bought in the $2 million-$4 million bracket are now selling for $7 million and upgrading to $10 million. In the Lower North Shore harbour suburbs, young families are selling for $4 million -$5 million and upgrading to $8 million-$10 million.
Affordability remains an issue across Sydney. The traditional migration west for cheaper housing continues, with the greatest population growth over the next 20 years expected in Camden, Parramatta, The Hills and Liverpool regions, according to new figures from the NSW Department of Planning.
However, limited greenfield development space on Sydney’s western fringe means we need to get creative in housing a predicted 1.7 million new residents over the next two decades. Among the options is subdivision of traditional blocks in established suburbs to enable more terraces, townhouses and dual occupancies; and more high rise apartment living around suburban CBDs.
Meantime, a growing cohort of young families are leaving Sydney altogether in favour of affordable lifestyle locations, with ABS figures showing the most popular spots are the Richmond-Tweed region, Mid-North Coast, Central Coast and Hunter Valley.
Chinese buyers remain a force in Sydney, however new fees levied by both federal and state governments on top of tighter lending criteria for foreigners has resulted in reduced demand and settlement risk on new apartments.
There’s a two-year pipeline of 82,000 new apartments to be completed in Sydney, according to CoreLogic RP Data. To put that in perspective, 43,500 apartments are sold in Sydney per year but that includes established apartments, which represent a bigger share of the pie.
This wave of new supply will be concentrated around the inner city and suburban employment and shopping hubs such as Strathfield, Parramatta and Ryde.
This is where young people want to live and over the next few years, they will be spoilt for choice and finally have some negotiating power on their side.
We see a bright future for the Sydney property market. There is plenty of long term price growth ahead even as we approach a major affordability hurdle for younger buyers today.
We believe the burgeoning global audience for Sydney real estate will be a key contributor to future price growth; and the long term stability of the market and opportunity to create significant personal wealth will sustain the aspirations of Sydneysiders to own their own homes for generations to come.
<a href="/images/2016/10/31/Sydney%20Audi.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Sydney%20Audi.jpg" alt="">
John McGrath’s top picks:
1. Canterbury
Once an average suburban precinct best known for its equine interests; Canterbury is fast becoming an Inner West bolthole attracting young families and professionals alike. Buy, sit and watch your asset grow in value.
2. Hunters Hill
We still can’t work out why the values here for some of the country’s best real estate are materially below her peers in the East and North? This attractive garden enclave is private and discreet with beautiful homes and perfumed gardens. If you want to see some of the best homes in the country, you better check it out.
3. Rouse Hill
Follow the money. At the minute it’s all heading to the North West ahead of the soon-to-be-completed new rail line. The surrounding areas are equally as attractive for both lifestyle and capital growth but the Rouse Hill Town Centre is worth seeing for that address alone.
4. Sans Souci/Dolls Point
Surrounded by water and with all the appeal and benefits of Sydney’s southern suburbs yet only minutes to the bay and airport with easy access to the CBD. Leaves little doubt that this area will continue to be one of the most desirable in Sydney.
5. Forestville
This has been a favourite suburb for several years now. If you crossed the leafy North Shore with the vibrant Northern Beaches, Forestville would be the outcome. Relatively easy access to the CBD, just 7 minutes to the surf and surrounded by trees, its ideal for homemakers.
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Sydney remains the top city for strongest and enduring property market: McGrath

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Total dwelling approvals experienced a large decline during September with new dwelling approvals falling 8.7 percent during September and multi-unit developments down 17.5 percent month on month according to the Housing Industry Association.
During September, total new dwelling approvals fell by 8.7 per cent due to big reductions in the larger states, according to Shane Garrett, HIA Senior Economist.
He said during the month, a total of 18,945 approvals were recorded with detached house approvals increasing by 1.7 percent during the month, while multi-unit approvals were down by some 17.5 percent in month-on-month terms.
“Despite the large drop in multi-unit dwelling approvals during September, the volume of approvals in this segment of the market is still at very high levels by historic standards - this means that the immediate pipeline of work will remain very elevated on the apartment side,” he said.
“The concentration of multi-unit dwelling construction in the large states like NSW and Victoria means that these big players bore the brunt of the reduction in multi-unit approvals during September.
“During September, detached house approvals rose to their highest level since May which was good news for both South Australia and Western Australia where detached houses still account for the large majority of new dwellings.
"In September 2016, total seasonally-adjusted new home building approvals increased by 9.4 percent in South Australia and by 5.5 percent in Western Australia.
"During September, building approvals experienced the largest decline in Victoria (-15.6 percent) followed by New South Wales (-13.3 percent).
<a href="/images/2016/11/02/Building%20approvals.jpg" target="_blank">Click to enlarge</a>
 <img src="/images/2016/11/02/Building%20approvals.jpg" alt="">
 
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Residential building approvals declining during September period

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The Reserve Bank of Australia will need the Australian Prudential Regulation Authority to reign in home lending once again, or lift interest rates, or do both to avert a dangerous housing bubble, says housing expert Louis Christopher in his newly released Christopher’s Housing Boom and Bust Report 2017.
Under one scenario house prices in Sydney could rise up to 16 percent, the other scenario shows prices could rise as high as 18 percent.
Louis Christopher, the managing director of SQM Research calculated the housing market is currently at its second most overvalued point on record and now, given a combination of factors including loose monetary policy, strong population growth and booming local economies, prices in Sydney and Melbourne will be rising from this very lofty valuation point.
SQM Research forecasts an acceleration of dwelling price rises in Sydney and Melbourne with Sydney dwelling prices forecasted to rise 11 percent to 16 percent for the 2017 calendar year, while Melbourne is forecasted to rise by 10 percent to 15 percent.
The capital city average forecast is for dwelling prices to rise 6 percent to 10 percent. 
The forecasts assume a stable interest rate environment, a stable exchange rate and no further home lending restrictions by APRA.
If lending rates are cut again by the RBA, Sydney and Melbourne prices could rise by up to 18 percent for the year as forecasted by SQM’s “Scenario 2 outlook”.
The Scenario 2 outlook has three drivers such as a 0.25 percent cut in rates during mid-2017, APRA takes 'more action' after mid-2017 and the Aussie dollar ranges between US70-80 cents.
“The end of 2017 will see both Sydney and Melbourne markets dangerously overvalued and paving the way for a possible correction in 2018,” Christopher said.
“The authorities need to take action sooner rather than later. Failure to do so will result in double digit national housing price growth in 2017 driven by out-of-control Sydney and Melbourne housing markets.
“The problem this time round is tapping on APRA’s shoulders once again could be a little more complicated as it will need to involve restricting owner occupied credit growth – something which the banks will be more reluctant to do. And given the recent announcement of the 7% interest rate servicing test, APRA may well feel reluctant to take further action.”
<a href="/images/2016/11/01/Housing%20bubble.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/01/Housing%20bubble.jpg" alt="">
Elsewhere in the nation, the housing market is expected to be mixed, with Perth and Darwin prices expected to fall again.
However, it is likely 2017 will be the last year of price falls generated by the mining downturn for these cities.
Behind Sydney and Melbourne, Hobart is expected to be the next fastest growing city, with Hobart dwelling prices forecasted to rise 7 percent to 12 percent.
Brisbane is forecasted to rise 3 percent to 7 percent with the market been held back by an existing oversupply situation of dwellings which is covered in detail in the report.
Meanwhile, Canberra has now entered into a slow housing recovery with prices also expected to rise 3 percent to 7 percent.
Adelaide is expected to rise a modest 2 percent to 4 percent for next year.
Louis Christopher’s Housing Boom and Bust Report this year also has a full breakdown of every postcode in the country covering current market statistics and its inaugural postcode investor ratings.
The full report can be found on <a href="https://www.sqmresearch.com.au">www.sqmresearch.com.au</a>  for $59.95.
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Sydney house prices could rise by 16 percent in 2017: SQM's Louis Christopher 

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The new investment platform BRICKX is offering property investment at the iconic Bondi Beach for as little as $100.
They have paid $1.35 million for the <a href="https://www.brickx.com/properties" target="_blank">two bedroom apartment on Ramsgate Avenue</a> and are offering Bricks at $96 each. Investor numbers are now near 190.
<img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%2012.00.03%20PM.png" alt="">
The semi sized, garden-style apartment with library is set in a block of just four.
<img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%2011.59.52%20AM.png" alt="">
It was <a href="https://www.realestate.com.au/sold/property-apartment-nsw-bondi+beach-123708830" target="_blank">sold last month</a> through Raine &amp; Horne agents Dion Markovics and Christophe Serrao.
The estimated net rental yield is 1.59 percent and there were 38 investors on its initial morning offering.
<img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%2011.59.36%20AM.png" alt="">
BRICKX chief executive officer Anthony Millet said they are pleased to have secured the property.
“Coming into summer, we expect the rental demand for this property to be strong, and in the current Sydney housing market, there have been few opportunities for investors to be able to get investment exposure to such an iconic suburb,” he said. 
<img src="/images/2016/11/10/700_brickxbondi.jpg" alt="" width="525" height="319">
“Bondi is synonymous with the Australian way of life and we couldn’t be happier to open this investment opportunity to all Australians. 
“BRICKX continues to break down the traditional barriers that exist when it comes to investing in residential real estate by offering fractions of a property, known as “Bricks”, rather than purchasing entire houses or apartments. 
<img src="/images/2016/11/03/Screen%20Shot%202016-11-03%20at%2011.58.55%20AM.png" alt="">
“In this case, investors can access the Bondi property market for just $96.” 
The company already has properties in Enmore, Mosman, Annandale, Prahran and <a href="/expert-insights/buying/brickx-purchase-double-bay-apartment">Double Bay which was bought last month</a>. There are currently 586 investors in the Double Bay apartment.
Millet believes the newly acquired two bedroom Bondi Beach apartment will be very popular with investors. 
“Bondi Beach has had strong capital growth over the last five years (CoreLogic) and like the rest of our properties, has been selected on a results-driven mandate,” Mr Millet added. 
“BRICKX may suit anyone who feels frustrated at being locked out of the housing market including younger people saving for their first home or investors keen to expand their existing portfolio in a more affordable, accessible and diversified way.”
BRICKX divides individual properties into 10,000 bricks, allowing each individual to invest as much or as little as they please.
Publicly launched in September, it offers investors the opportunity to earn capital returns and monthly net rental income in proportion to the number of Bricks owned. 
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Bondi Beach investment opportunity for less than $100 through BRICKX

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
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Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
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With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
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As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

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Joel Robinson

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

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The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

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While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

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Location and lifestyle drive demand at Candela Ivanhoe

As apartment buyers increasingly look beyond the four walls of their residence, the quality and depth of shared amenity has become a defining factor in how developments are designed and experienced, particularly in the high-rise, new apartment development space.

In Southbank, where high-density living continues to evolve, developers are placing greater emphasis on creating environments that support wellbeing, connection, and convenience as part of everyday life.

That approach sits at the heart of <a href="https://www.apartments.com.au/new-apartments/aura-at-melbourne-square-7-hoff-boulevard-southbank-vic-3006">AURA</a>, the latest residential tower in <a href="https://www.apartments.com.au/developers/osk-property">OSK Property</a>’s $3.5 billion Melbourne Square precinct. Rising 67 storeys above Hoff Boulevard, the 673-apartment development has been conceived around what OSK describes as a “vertical wellness ecosystem”, a layered collection of amenities that extends throughout the building rather than being confined to a single podium level.

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The amenity offering begins on the seventh level within the AURA Club, a dedicated resident hub focused on health, relaxation, and daily convenience. Here, residents will have access to an indoor swimming pool, cold plunge, spa, sauna, and steam room, alongside a fully equipped gym, reformer Pilates studio, and yoga room.

The wellness facilities are complemented by a range of spaces that acknowledge the changing ways people live and work. Work-from-home lounges and co-working areas sit alongside a library, music room, games room, cinema facilities, and open-air terrace spaces, providing residents with flexible environments that can adapt throughout the day.

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Beyond the internal amenity, AURA introduces a series of Japanese-inspired gardens that form a quieter counterpoint to the tower’s social spaces.

Landscaped retreats feature curated outdoor dining, tranquil courtyard seating, fire pit, and a tea house pavilion. Rather than functioning as simple recreational areas, the gardens have been designed as places for reflection and informal gathering, drawing on principles of balance, nature, and calm that underpin the project's broader design philosophy.

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The social amenity continues to evolve as residents move higher through the building. Levels 49 and 50 house the Meridian Club, where a lounge bar, conservatory spaces, and private dining rooms take advantage of elevated city views. At the summit of the tower, the exclusive Cumulus Club spans Levels 66 and 67, offering additional lounges, private dining, and meditation and treatment rooms positioned above Melbourne’s skyline.

For OSK Property, the extensive amenity offering reflects a broader focus on wellbeing as a core component of apartment living rather than an added feature.

“Aura stands tall as an exemplar of holistic wellness – its focus on social, physical and mental health culminate in a building that is calming, restorative and relaxing, where residents will have their own sanctuary within the well-connected and sought-after Southbank,” says OSK Property CEO Chong Boon Woon.

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AURA’s amenity strategy extends beyond the tower itself through its integration with the wider Melbourne Square precinct.

Residents will have direct access to Kennedy Park, Southbank’s 3,745 sqm landscaped public park, alongside a full-line Woolworths supermarket, childcare centre, hospitality venues, and approximately 1,600 sqm of additional retail planned within AURA’s lower levels. Together, these elements create a highly connected residential environment where daily needs, recreation, and wellness are woven into the fabric of the community.

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As Melbourne’s apartment market continues to mature, developments are increasingly judged by the lifestyle they provide beyond individual residences.

Through its combination of wellness facilities, landscaped retreats, social clubs, and precinct-wide amenity, AURA represents a shift toward a more comprehensive model of vertical living, one where shared spaces play as significant a role as the homes themselves.

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AURA elevates amenity living at Melbourne Square

Builder-developer Scion is the latest to target Sydney's booming Hills Showground Metro precinct, filing plans for more than 100 apartments within walking distance of the station.

Scion has lodged a concurrent rezoning and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/27-33-middleton-avenue-castle-hill-nsw-2154">27–33 Middleton Avenue</a>, where it plans to replace four existing homes with an 11 and 14-storey mixed-use development comprising 109 apartments, six affordable housing dwellings, and a ground-floor café.

Designed by BHK Architects, the proposal includes three levels of basement parking with 174 spaces, more than 1,200 sqm of communal open space, and extensive landscaping across the 3,791 sqm site.

The development has been designed as two buildings connected by a recessed wintergarden spine, with the 14-storey building positioned to the south and the 11-storey building to the north.

<img alt="Scion" data-entity-type="file" data-entity-uuid="64dc359d-736b-43b8-87a8-70a8285cab47" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-25%20at%208.47.01%E2%80%AFPM.png?VersionId=PXh.m8id_aevBPHEckPf88wQ2RQThPos" />

The apartment mix has been weighted towards owner-occupiers, with 13 one-bedroom apartments, 55 two-bedroom residences, 31 three-bedroom apartments, six three-bedroom lofts, and four four-bedroom homes. Six apartments will be dedicated as affordable housing in line with the NSW Housing SEPP.

According to the Architectural Design Report by BKH, the proposal seeks to create "a place-responsive architecture" inspired by the natural landscape surrounding Cattai Creek, while strengthening the public domain through landscaping, active frontages and a neighbourhood café.

Atlas Urban, in its Urban Design Report, says the proposal takes a different approach to increasing density around Hills Showground Station by favouring a more slender, vertically articulated built form over a conventional mid-rise outcome. The report argues this allows for greater deep soil planting, improved solar access and a better public domain outcome, while still delivering additional housing close to rapid public transport.

The site sits around 500 metres from Hills Showground Metro Station, within a precinct earmarked for significant residential intensification following the opening of the Sydney Metro Northwest line. Planning documents accompanying the application note that Greater Sydney's population has grown by more than one million people since planning for the precinct first began, reinforcing the need to accelerate housing delivery around existing transport infrastructure.

Scion is expanding its development pipeline which also includes <a href="https://www.apartments.com.au/new-apartments/chatham-west-ryde-2-6-chatham-road-west-ryde-nsw-2114">Chatham in West Ryde</a>, 62 apartments which are approaching completion. They also have a State Significant Development Application with the NSW Government's Housing Delivery Authority for <a href="https://www.apartments.com.au/new-apartments/96-anzac-avenue-west-ryde-nsw-2114">145 apartments on Anzac Avenue</a>, also in West Ryde.

Staff reporter

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