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Thai hotel group Minor International reportedly has its eye on a Hunter Valley resort being sold by Singapore-based Lasseters International Holdings.
About a two-hour drive from Sydney, the Cypress Lakes Resort has 146 villas sitting on a 98-hectare parcel suitable for further development.
Lasseters put the luxury resort and a series of Golden Door health retreats on the market last year hoping to reap more than $30 million.
It’s said by the Australian Financial Review the Thai group is more interested in the managing rights to the resort, rather than the health spas, which themselves could be worth up to $20 million.
The performance of the golf and spa sanctuary, set among Hunter Valley vineyards, has been under pressure, but it has attracted the interest of potential buyers from Asia.
A Chinese group reportedly also made a play.
Selling agents Mark Durran and Peter Harper of Jones Lang LaSalle declined to comment.
This isn’t the first appearance by Minor International, which flagged that it was seeking expansion opportunities in Australian mining towns.
Its other purchases include the Oasis Resort at Caloundra, Queensland, and the management of Sydney’s Regis serviced apartment tower.
 
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staylor-63KgDrKwoY

Thai group has eye on Cypress Lakes, Hunter Valley resort

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A 51-storey apartment block with 555 residential units, offices, a medical centre, café, restaurant, commercial services and shops will help kick start the Gold Coast property market.
It’s the third high-rise tower to be approved in the past six months, and the council is reportedly considering two other major proposals.
The $100 million Sanbano Southport (pictured below), on the corner of Rawlins and Nerang Streets, will comprise a single storey tower above a basement and four-level podium.
<img alt="sanbanojune27one" height="541" width="370" src="/images/stories/2013/06/sanbanojune27one.jpg">
It will have retail and commercial space and 481 car parking spaces, including some spaces dedicated to a car-sharing arrangement. It will be built by Gold Coast Development No. 2, a subsidiary of Beijing-based Australia-China United. The firm is also building and managing a 25 level high-rise apartment in Coolangatta called Sanbano Coolangatta.  Development consultancy Eastview Australia is managing both projects. Director, Graham Goldman, says the group is showing a “genuine commitment to the Gold Coast”.
<img alt="sanbanojune27two" height="254" width="470" src="/images/stories/2013/06/sanbanojune27two.jpg">
Gold Coast Mayor Tom Tate said the tower would transform this section of Southport. “This development is fantastic news for the city. Not only will it create an estimated 350 jobs during construction, it will really revive this area of Southport,” he said. “It also gives greater credence to our proposal to make Southport our official CBD and will add vibrancy and vitality beyond the current 9 to 5 business hours.”
Gold Coast apartment prices are trending upwards after falling 30% in 2011-12. But there have been early signs of market improvement in the second quarter of this year.
<img alt="sanbanojune27three" height="253" width="470" src="/images/stories/2013/06/sanbanojune27three.jpg">
Riding the tide of this improving market, Sanbano architect Raith Anderson, project director at architects DBI Design, told Fairfax media that offshore developers saw the area as ripe for opportunity.  He said developers in China – who are backing the Sanbano tower – as well as Singapore and Taipei, saw ‘’a lot of value in the Gold Coast market’’.
In May, Cr Tate announced a plan to classify Southport as a priority development area (PDA). If accepted by the State Government, it would be the first PDA for Queensland encompassing a CBD. The Sanbano Southport tower’s units will be a mix of bedsitters up to three bedroom units. There will be 467 square metres of retail floor space and 924 square metres of commercial floor space. Mr Anderson said the apartments were aimed at investors and would appeal to first-home buyers.
The chair of Gold Coast City Planning, Councillor Cameron Caldwell, said the development was significant in terms of its location.
“It will be just 200 metres from the light rail station and obviously close to the retail heart of Southport,” he said. “These are the kinds of developments that bring confidence back to business and to the community.”
The latest housing market report from Australian Property Monitors shows the Gold Coast is on track for ‘’a modest’’ revival in buyer activity. The median price of Gold Coast units is $370,000 compared with a nationwide median of $421,000.
Construction of Sanbano Southport is expected to begin in the first half of 2014, following the marketing of the project.
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Sanbano Southport tower to rise 51 storeys over Gold Coast

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Swanky residential apartments or perhaps a hotel could grace a prime St Kilda Road office building that goes to the market via a July 25 expressions of interest campaign.
The prime location at 450 St Kilda Road is in the Domain precinct about 200 metres from Toorak Road towards Commercial Road backing onto Queens Lane.
<img height="331" width="470" src="/images/stories/2013/06/stkildajune26one.jpg" alt="stkildajune26one">
Agent Nick Rathgeber, of Colliers International, says he expects the 2323 square metre site to fetch around $20 million.
‘’Pricing is hard to predict and most buyers price more aggressively than vendors so it’s possible that this price point will be breached.’’
The Melbourne-based Carter group has put the five-level office building on the market after buying it for $8.2 million in 2002. The group reportedly owns No. 448 next door and is in partnership to develop the soon-to-be completed Albert Tower in South Melbourne.
<img height="708" width="470" src="/images/stories/2013/06/stkildajune26two.jpg" alt="stkildajune26two">
Established in 1946, the second generation Carter family business has expanded over seven decades from a single electrician into a property development, investment and management firm with operations in several states. It owns and operates holiday accommodation in Queensland and has designed and developed residential property from Port Melbourne and throughout Melbourne’s eastern suburbs.
Mr Rathgeber says he expects the building to be demolished and completely rebuilt as prime residential apartments to take advantage of its prestige position near the Royal Botanic Gardens and parklands. Concept plans are for a high rise residential apartment tower over 18 storeys, however, a more ambitious scheme may be possible, subject to council approvals.
“Increasingly, Melbourne developers are successfully securing permits for highly ambitious residential towers that continue to push the envelope of conventional high density apartment living. This site provides another potential opportunity for someone to take it to the next level.”
Residential developments along this stretch of St Kilda Road are rare, he said, with active developers wanting to be as close to the city and botanic gardens as possible.
‘’This property offers the luxury of a valuable holding income throughout the design and approval process.’’
Mr Rathgeber said existing concept plans for residential development were available, but other uses could be a hotel, commercial redevelopment or owner occupation.
The building is tenanted until 2016 with vacant possession achievable by then. The current return is $708,822 per annum.
Co-selling agent Tess Elliot said:  “Melbourne’s inner city population experienced exceptional growth of 6.3 per cent between the years of 2006 and 2011. By comparison, Greater Melbourne experienced growth of just 2.86%and Victoria as a whole only 2.65% in the same period, indicating an increasing level of acceptance around inner city apartment living.”
The trend is expected to continue, with the inner city Melbourne population set to experience strong growth of 3.73% until 2016 and 4.96% between 2016 and 2021, according to DPCD Victoria in Future 2012.
Colliers International expects a limited apartment supply for St Kilda Road in the next five years.
“There are currently no apartment completions forecast from 2016 onwards in this precinct, making 450 St Kilda Road an ideal proposition for developers wishing to capitalise on the limited supply situation,” Mr Rathgeber said.
The existing office building of 4360 square metres comes with 59 car parks.
 
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Prime St Kilda road office building listed with $20 million hopes

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AMP Capital Investors has had preliminary success in its plans for the $1.8 billion development of the Young Street precinct at Sydney’s Circular Quay.
The group has secured the backing of the City of Sydney for the planning changes that would revamp two blocks fronting Sydney harbour as a mixed-use precinct anchored by an overhaul of its Bridge Street headquarters into a $1 billion-plus premium grade office tower.
The plans will now head to the NSW state government for approval.
AMP Capital office and Industrial managing director Louise Mason said the opportunity was "unique," telling the Australian Financial Review, that AMP was optimistic about the prospects for the precinct.
The group wants to recast the Young and Loftus Street block as a diverse precinct of smaller mixed-use developments with an active laneway precinct.
These low to mid-rise buildings will be at the foot of the Bridge and Alfred Street block, where the group wants to transform the 1976 AMP Tower at 50 Bridge Street into a tower.
The city council approved AMP’s plans to transfer about 22,000 square metres of unrealised floor space from the low rise block to the rear tower block.
While leasing conditions are currently challenging, Ms Mason acknowledged that Sydney was not a “Singapore, London or New York” the city could use its physical attractions to compete.
“We have the elements,” she said.
With an international design competition to come next, the second stage development application process is not likely to be completed until 2015.
The AMP could seek partners for the hotel and residential components and to possibly fund its office tower.
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AMP's amber light for Young Street precinct at Sydney’s Circular Quay

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An RMIT planning professor has slammed as "world’s worst practice" the state government’s rezoning of land at Fishermans Bend without due consideration to planning controls.
Professor Michael Buxton said it was "scandalous what (they) did in rezoning such a large area of land as capital city zone without any rules being in place, and enriching canny speculators who saw this coming.
"You could not get a worse example of how not to develop than Fishermans Bend."
His comments to Fairfax Media refer to state planning minister Matthew Guy’s rezoning of 240 hectares for residential development a year ago.
Since then, 21 skyscrapers have been proposed for Montague precinct alone, the area closest to the CBD.
There are reports land speculators are making tens of millions of dollars by keeping an eye on the state government’s vision for high rise villages at Fishermans Bend, despite no official plan for the area having been released.
Opposition planning spokesman Brian Tee said a strategic plan for the area was "well overdue". "With the stroke of a pen, the (planning) minister has an enormous amount of power to add tens of millions to the value of a property.
"He’s ticking and flicking these tall tower proposals and making speculators incredibly wealthy, but really destroying any opportunity to have a soulful community on this site.
"This is a once-in-a-generation opportunity to get this iconic site right and it needs a plan to ensure it does not become Docklands mark two."
Redevelopment of Fishermans Bend will flood the area with apartments, with 680 in three residential towers at 123 Montague Street, South Melbourne, and 1023 in four skyscrapers at 6-78 Buckhurst Street.
There are suggestions developers had "land banked" the sites years ago tipping the state government would rezone them as high-rise residential when in power. This is proving correct.
The 123 Montague site of 0.57 hectares - for sale by expressions of interest - is bordered by Thistlethwaite, Montague, Buckhurst and Ferrars streets.
The CBRE Richard Ellis sale board describes it as offering an "unparalleled location, significant long-term income and development potential".
A spokeswoman for Mr Guy said he would not comment.</body></html>

Fishermans Bend rezoning remains contentious as Montague precinct to be flooded with apartments

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Record low interest rates and growing confidence has spurred an increase in sales activity and transactions in the Riverina.  
This is illustrated by a surge in home prices, particularly in Wagga Wagga, where the median house price rose to a record high of $315,000 in March after an 18 month plateau.  
PRDnationwide Research Department has found the median price of houses in other Riverina towns, too, such as Junee and Tumbarumba, all firmed significantly.
Click to enlarge
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Research analyst Oded Reuveni-Etzioni says the figures are encouraging for the city.
‘‘Data shows that in the past six months there has been a 5.9% increase in house transactions in Wagga Wagga,’’ he said.  
‘‘Median house prices are at an all-time high and, interestingly, 10% of total sales in that six-month period to March 2013 have been for properties priced over $500,000.  
‘‘This clearly indicates an increase in confidence at the top-end of the housing market.’’  
PRDnationwide Wagga Wagga Principal, Simon Freemantle, agreed that the housing market was picking up again, as a result of low borrowing costs, the affordability of product and overall improvement in buyers' confidence, with increased sales recorded in all price brackets.
‘‘We are finding that, despite less listings on the market at this time of year, buyers are still active in the market. As a result, appropriately priced houses are selling quite well at the moment."
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NSW Riverina prices rise with Wagga Wagga at record high

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Fisher &amp; Paykel Australia has agreed to terms on two premises after deciding to relocate its head office and warehouse facilities, currently based at Lidcombe to two separate locations. 
The moves offer major competitive advantages, including a diverse industry base, excellent telecommunications and transport provisions. 
Based in Lidcombe for 13 years, the company will move its head office to Level 2, 5 Eden Park Drive, Macquarie Park in Ryde. The space is an A-grade tenancy with a high grade fitted out area totalling about 1,108 square metres. The lease term is just under three years, and the annual net rental is $320 per square metres. 
Fisher &amp; Paykel’s warehouse operations will move to 28 Scrivener Street, Warwick Farm in Sydney’s industrial west. The modern, freestanding building of full height precast panels has an 8.9 metre clearance and a gross lettable area of 10,284 square metres. Truck access is via 10 roller doors: six sunken docks and four on grade doors. The rental rate is $82.65 per square metre net. 
The Macquarie Park deal was negotiated by Savills agents Darren Curry, Simon van Grootel and Adam Micola, and the Warwick Farm deal was negotiated by Darren Curry and Adam Micola, also of Savills.
“Both moves offer practicality and convenience for Fisher &amp; Paykel," Darren Curry said.
‘’On the doorstep of Macquarie Park is the train station, cafes, restaurants and staff amenity, all of which are major drawcards for staff. Warwick Farm is well known for attracting logistics and freight companies due to its close proximity to the M5.’’
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White goods maker Fisher & Paykel relocates to Macquarie Park and Warwick Farm

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The most expensive property offered for sale last weekend, Lynton, in Albert Park, failed to sell at auction and was passed in on a vendor bid of $6.2 million.
The triple fronted Victorian, at <a target="_blank" href="https://www.cayzer.com.au/index.cfm?pagecall=property&amp;propertyid=2366615&amp;menuItemID=">85 St Vincent Place</a>, attracted one genuine bid of $5.8 million before a crowd of 400 people.
The vendor then made two bids of $6 million and $6.2 million before the property was passed in.
Built in 1892, Lynton is set among leafy surrounds opposite the St Vincent Gardens on 740 square metres. An outstanding example of period architecture, the balconied residence with picturesque front garden has two street frontages, a grand entrance foyer, six bedrooms, five bathrooms and formal sitting and dining rooms.
Its well-appointed kitchen leads to a conservatory meals area, family room, and basement billiard/rumpus recreational area with substantial wine cellar.
The property hasn’t had much luck at auction: it was passed in on a $5.8 million vendor bid in October 2008. Then, after a house contents auction, it sold quietly for $4.8 million in May 2009.
The selling agent, Cayzer Real Estate, in April sold three unrenovated terraces at 73,75 and 77 St Vincents Place for a total of $12.3 million.
The auction clearance rate of 71% came from 681 results reported to the Real Estate Institute of Victoria. Vendor bids were prominent, accounting for 102 of the 197 properties that were passed in.  A further 58 results were still to be reported.
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Albert Park's Lynton fails to sell at auction despite huge crowd

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The Sunland Group with ‘’strong’’ balance sheet and cash reserves of more than $29 million has announced a net profit of $13.6 million, slipping about $1 million from its previous result.
The property development company’s house and land portfolio includes 3022 dwellings and blocks of land worth $1.4 billion.
Development margin earnings before interest and tax achieved for the housing and land portfolio was 18%, consistent with 2012, managing director Sahba Abedian says.
The group achieved 261 sales and 401 settlements.
‘’As we near our 30th anniversary, the result recognises the collaborative spirit of Sunland which strives towards the creation of vibrant communities, resulting in sound financial performance, creative and innovative approaches to design and delivery or our portfolio,’’ he says.
‘’The group has continued to focus on the three pillar strategy of capital management, maintaining a conservative balance sheet, and the ongoing replenishment of the portfolio as it unfolds organically.’’
He says ‘’the year’s numerous challenges provided stepping stones that are continuing to define our path forward’’.
Last year’s profit was $14.5 million.
Marina Residences, the centrepiece of The Concourse project at the 200ha Royal Pines Resort - was Sunland's major development launched over the year.
The $54 million project features 84 luxury apartments with marina, river and golf course views.
Early next year, Sunland is also planning a $215 million 136 apartment tower, to be known as Abian, at the corner of Alice and Albert streets, Brisbane opposite the botanic gardens.
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Sunland has 3022 dwellings and blocks of land worth $1.4 billion

An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

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Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

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“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

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“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

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Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

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Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Stephen Taylor

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