Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

Joel Robinson

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<html><body>
After 27 years of opening private gardens to the public, Open Gardens Australia has announced that its present season would be its last.
Open Gardens Australia started in Victoria before going interstate and has been behind the opening of almost 20,000 private gardens across Australia to the public.
In its heyday more than 800 gardens opened annually, but just under 500 gardens will be open this season.
Only last week <a href="/expert-insights/building/trophy-home-gardens-make-their-stamp-with-australia-post">Australia Post announced</a> that it would be featuring five beautiful private gardens from Open Gardens Australia in a new stamp issue.
<img src="/images/2014/09/05/stamps-sept-5-two.jpg" alt=""><img src="/images/2014/09/05/stamps-sept-5-one.jpg" alt="">
There were five domestic base rate (70c) stamps and products available, although the <a href="https://shop.auspost.com.au/product/open-gardens-postcard-set-1807212" target="_blank">website indicates</a> that they are currently out of stock.
<img src="/images/2014/09/05/stamps%20sept%205%20four.jpg" alt="">
Our shocked and saddened property contrarians Jonathan Chancellor and Margie Blok have been to many of them - certainly never taking unauthorised plant samples - and now nominate their favourite garden tour.
HE SAID:
<img src="/images/2014/03/28/jc-silhouette-7.jpg" style="float: right;">
It has to be Retford Park, established by Samuel Hordern in 1887.
James Fairfax now is the keeper of the English park and garden that features magnificent trees, mature shrubberies and hedged garden rooms, all sustainably managed using organic principles. 
Rhododendrons and azaleas at their peak in October. Century old bunya bunyas, redwoods and oaks impressed. I recall the more freshly planted Wollemi pines.
There's an impressive collection of classical and contemporary sculptures and that marvelled Guilford Bell swimming pool pavilion.
One later occasion on a private visit, Jeffrey Smart was there strolling the grounds. Sadly no painting ever emerged to immortalise the pavilion.
Of course as I've previously reported, the philanthropic former newspaperman <a href="/news/james-fairfax-plans-to-subdivide-then-gift-historic-retford-park">James Fairfax intends to gift his historic Retford Park estate</a> in the NSW Southern Highlands.
Its envisaged the Italianate 1887 residence will sit within a protected 32-hectare heritage curtilage.
It will be preserved in perpetuity for the community with some funds from the neighbouring prestige residential development being directed into a trust which will pay for the long-term upkeep of the home and gardens.
The gifting won't take place until subdivision sales take place. I notice <a href="https://landforsalebowral.com.au" target="_blank">they are progressing quite well</a>.
The Old South Road property, which sits on the southern edge of Bowral’s rapidly suburban expansion, has long sat on about 100 hectares including the land now zoned for subdivision.
<img src="/images/stories/2013/03/retfordmarch1one.jpg" alt="retfordmarch1one" width="470" height="468">
Under the proposal, the 29-hectare eastern part of the estate has been subdivided into rural-inspired lots ranging from 8,000 square metres to four hectares lots.
The philanthropic former chairman of the ailing publishing company that bears his family name, first advised he would bequeath Retford Park for the benefit of the public in an article written by me in 2009 in the Sydney Morning Herald. It was his idea for at least three decades.
Retford Park has been the country home of the arts patron since he paid £15,000 in 1964 for it on a then four-hectare holding.
<img src="/images/stories/2013/03/retfordmarch1two.jpg" alt="retfordmarch1two" width="470" height="468">
Retford Park, with an Italianate revival-style mansion, dates back to the 1880s when it was the summer retreat of the retailing Hordern family. 
"I think Retford Park is an important part of the heritage of the Wingecarribee Shire area and provision has been made in my will for the house and the immediate surrounding land, including the garden, to be left in trust to be viewed by future generations," Mr Fairfax told me in 2009.
Listed on the register of the national estate since 1980, Retford Park takes its name from the village in Nottinghamshire, the northern England town from where Anthony and Ann Hordern immigrated in 1825.
The grounds have many heritage oaks, an enduring association with the Hordern's retailing business, whose emblem was an oak tree under which were the words: "While I live, I'll grow".
<img src="/images/stories/2013/03/retfordmarch1three.jpg" alt="retfordmarch1three" width="470" height="310">
It was first sold after Anthony's great-grandson, Sir Samuel Hordern, died in 1956, leaving an estate of $279,000. It was briefly owned by the cattle stud operator King Ranch (Australia), of which Edwina Hordern's husband, Peter Baillieu, was managing director.
In his 1991 book, Regards to Broadway, Fairfax recollected he'd had no plans to buy a country house. "But chatting to Peter Baillieu at a cocktail party in December 1963, I learned that Retford Park and 10 acres [four hectares] of land were to be sold." 
It occurred to James that it might be a suitable place for his mother to stay on her annual six month visits from England.
Fairfax, the eldest son of the late Sir Warwick Fairfax and his first wife, Betty Wilson, then set about regularly buying adjoining rural land.
He also set about enlivening the house. 
"When my offer of £15,000 for the house and 10 acres with an option to buy another 10 in three years was accepted, I went into the usual ‘What on earth have I taken on?’ syndrome, but soon recovered as I got involved in the redecoration which was being done by Leslie Walford," he recalled to Sue Rosen in 2011.
"Some six months later, in the winter of 1964, I commissioned Donald Friend to paint a mural in the dining room," he said.
Leslie Walford, who died earlier this year, said in a 2011 interview with Rosen that he recalled flying up to Mittagong with James to inspect the house.
His first impressions of it was "the garden choking the house".
"The house was a sort of cow-pat colour, a very unappealing colour. It had thick walls and narrow long slit windows and a tower, a rectangular piece of work with lots of frilly balconies, cast-iron lace and a pretty porte cochere. It had some delicate prettiness added to the strength of the architecture … it was a wonderful looking house."
Colour photos courtesy of <a href="https://www.highlifemagazine.com.au/" target="_blank">Highlife Magazine</a>, which reports on life in the Southern Highlands of Australia.
Margie Blok has her say on the next page. Please click below.
 
<hr class="system-pagebreak">
<img src="/images/2014/03/28/mb-silhouette-6.jpg" style="float: left;">
SHE SAID:
It’s Markdale for me. Acknowledged as one of the great country gardens of Australia, this magnificent garden was part of the Australia’s Open Garden Scheme for many years.
The garden surrounds the homestead of Markdale, a 6,000 acre rural property at Binda, a tiny hamlet near Crookwell in the Southern Tablelands of New South Wales. Owned by the Ashton family for three generations, the garden began during the 1920s and was re-designed in 1949 by Edna Walling, one of Australia’s most influential landscape designers. 
<img src="/images/2014/09/05/markdale%20sept%205%20one.jpg" alt="" style="display: block; margin-left: auto; margin-right: auto;">
Markdale Homestead. Photo: Danny Kildare. Source: <a href="https://www.markdale.com/" target="_blank">Markdale.com</a>.
The award-winning five-acre garden is featured in many books and magazines on Australian gardening. Extensively rejuvenated in recent years, it has a wealth of beautiful features including a long pergola of blue and white wisteria, dry stone walls, dozens of specimen trees, sweeping lawns and a beautiful lake with a Chinese bridge. 
Under the Ashton family’s guidance, the garden retains its strong influence of Walling’s design and plantings. It remains substantially as she planned it - sweeping lawns merging with mown paddock, and informal curved paths leading the eye into hidden depths of the garden and then out to the hills beyond.
During her career Walling’s style changed very little, yet each of her garden designs is individual. One of her signatures is the use of stone in low fences, paths and steps to give architectural structure to a garden, and then softening it with dense planting. Her design principles also include creating unity between the garden and the house, while working with the existing landscape and existing features including slopes and trees. 
At Markdale, Walling’s design took advantage of the glorious natural scenery of paddocks and hills. Framing the garden without obscuring the beautiful views to the hills are magnificent trees including golden elms, golden ash and claret ash, silver birch, pinoaks, hawthorns, aspens, spireas, viburnums and native eucalypts.
At the same time Walling was working on the garden, the Ashtons commissioned architect Professor Leslie Wilkinson to redesign the homestead. This unique partnership of Walling and Wilkinson has never been repeated. 
<img src="/images/2014/09/05/markdale%20sept%205%20three.jpg" alt="" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://www.markdale.com/" target="_blank">Markdale.com</a>.
It was Geoff Ashton (one of four sons of James Ashton who built the original homestead) and his wife, Janet, who hired Walling and Wilkinson. For the past three decades, their son, also named Geoff, and his wife Mary, have maintained the garden, homestead and property.
They have thought about selling it on and off over the past decade, and I know would simply love for a buyer to emerge who has a passion for the property.
Although Walling’s outline of the garden has changed little, the existing beds have been replanted and developed under the skillful guidance of Mary Ashton. She and her husband took the reins at Markdale in 1983 during one of the worst droughts in recorded history. Sadly, many plants in the garden died during that drought.
Faced with the enormous task of restoring the Markdale garden, Mary extensively read and researched Walling’s methods and principles to gain insight into her original intent for its design. 
Mary took a careful and considered approach to the garden before developing layers of thick planting in beds and borders beside the stone pathways leading to various garden areas which provide a different view from each direction. 
<img src="/images/2014/09/05/markdale%20sept%205%20two.jpg" alt="" style="display: block; margin-left: auto; margin-right: auto;">
Source: <a href="https://www.markdale.com/" target="_blank">Markdale.com</a>.
But the Markdale garden is as much about the use of space and architecture as it is about planting. One of its focal points is the lake, and Walling was justifiably proud of its design. 
Among documents held in the Edna Walling Collection, of the La Trobe Australian Manuscripts Collection at State Library of Victoria, is a letter written by Walling to Miss Mervyn Davis that describes her inspiration for the Markdale lake. 
Dated 7 June 1965, Walling’s letter reads: “Dear Mervyn,Re “Markdale”... The best thing I did there was to deal with the erosion in the paddock over which I was taken for a walk on Sunday morning. It was within view of the living room window and when Mrs Ashton told me of their plan to build a series of ... concrete barriers right down the deep ... It seemed to me a pretty poor idea. "Why not dam it back and have a lake" I sez!”
About two and a half hours drive from Sydney, Markdale is a must see for people with a passion for gardens.
And at the property,<a href="https://www.markdale.com" target="_blank"> the Ashton family offer s</a><a href="https://www.markdale.com" target="_blank">elf-catered bed and breakfast accommodation</a> for up to 24 people in two original 1850s stone houses and shearers quarters.
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Retford Park and Markdale: Glorious gardens to thrive beyond Open Gardens' demise

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The first residential sites at Lateral Properties’ masterplanned community Peregian Breeze, on the Sunshine Coast, have been launched.
Home sites from 375 square metres to 795 square metres priced from $190,000 to $280,000 are available in this first stage of <a href="https://www.peregianbreeze.com.au%20" target="_blank">Peregian Breeze</a>.
Lot 9, for instance, is a level $195,000 block of 375 square metres of 12.5 metres wide aiming itself at first home buyers or downsizers.
Associate director of residential at Colliers International, Clinton Tezise, said that strong interest has been seen from locals.
“Land on the northern end of the Sunshine Coast has been limited in terms of choice and the location of this development is proving very attractive to the market,” said Tezise.
“The location and value for money proposition has attracted a range of buyers, from the first home owners and downsizers to young families looking to expand and build their dream home.”
There will be 399 lots at the site, which is bounded by Noose National Park and is 1.5 kilometres from the beach, he said.
This stage includes a central neighbourhood park, playground, picnic and fitness facilities, while a childcare and local convenience centre are proposed for the area with the stages to be connected by walkways and bike tracks.
“We will be working with a range of leading builders to provide a selection of house and land packages for the development, but the buyers can also choose their own builder and design to suit their individual requirements,” said Tezise.
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Peregian Breeze masterplanned community on the Sunshine Coast launched

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Monday's episode of The Block will show buyer's agent and The Block regular Frank Valentic guide his clients through the show's partially completed apartments.
Judges Shaynna Blaze, Neale Whitaker and Darren Palmer have shared their thoughts on "luxury" bathrooms, copper clad bedrooms, and unfinished rooms on The Block Glasshouse, but now it's time to hear from the people who really matter - potential buyers.
Viewers may remember buyer's agent - <a href="/expert-insights/investing/the-top-10-melbourne-hotspot-suburbs-frank-valentic">and Property Observer contributor</a> - Frank Valentic from previous seasons of the show. The agent successfully bid on the most expensive property offered last season, securing Chantelle and Steve's apartment <a href="/expert-insights/buying/the-buyers-behind-the-block-fans-v-faves">for $2.47 million</a>.
It will be interesting to see if Valentic's clients agree with the judges. Last season, rookies Steve and Chantelle beat out the other teams, despite consistently receiving negative reviews from the judges.
Contestants Michael and Carlene will be hoping that the buyers like their apartment as much as the judges have - the couple has received high marks every week, and finally secured a win with their staircase, laundry and guest powder room.
The judges were fans of their light timber stairs, which contrasted with their dark blue wall. They were also praised for their sensible and safe staircase, with multiple landings and a hand rail (pictured below).
<img src="/images/2014/09/01/mcstairs.jpg" alt="">
The laundry was a less family friendly affair - in a good way, according to the judges (pictured below). Shaynna called the powder room, with a bronze mirror, gold details and matte grey cabinetry, "sexy", full of "terrific details". Michael and Carlene received 28 out of 30 from the judges.
<img src="/images/2014/09/01/mlaundry.jpg" alt=""> Former wunderkinds Chris and Jenna were not so lucky. The couple has well and truly fallen from grace, with the third week in a row of poor comments from the judges.
This week, they were slammed on everything from their planning to their materials. Their heavy black bannisters, yet another attempt to reference the structural details of their apartment, was derided by all three of the judges (pictured below).
<img src="/images/2014/09/01/cj%20stairs.jpg" alt=""> Their laundry room and powder room was unanimously considered a failure, with an unfocussed and confusing array of materials: from small grey tiles with white grouting to glossy black laundry doors, via cheap white cabinetry (pictured below). They were awarded 20 points out of 30.
<img src="/images/2014/09/01/cjlaundry.jpg" alt=""> Maxine and Karstan, who had their confidence boosted by their first win last week, delivered a staircase that was deemed a little dated by the judges.
The glass bordered stairs, with no handrail, was called unsafe and impractical - and it wasn't redeemed by its looks (pictured below).
<img src="/images/2014/09/01/mk%20stairs.jpg" alt=""> With black timber steps and backlit wine storage under the stairs that was coupled by a polished aluminium kickboard, the entire area looked positively '90s.
When it came to the couple's laundry and powder room (pictured below), Neale felt "wholly ambivalent". The judges agreed that the area probably won't upset any potential buyers, but was unlikely to wow them either. Max and Karstan received 23 points.
<img src="/images/2014/09/01/mklaundry.jpg" alt=""> Brothers Simon and Shannon were back in everyone's good books this week, with a staircase that "plays as a piece of sculpture", according to Darren (pictured below). Neale noted the boys' "amazing sense of confidence".
<img src="/images/2014/09/01/ssstairs.jpg" alt=""> In the powder room, they presented a wide variety of surfaces - with glazed penny rounds, glossy black cabinetry and matte grey tiles (pictured below). Shaynna said the combination was "balanced", though she certainly didn't think the same of Chris and Jenna's material overload. The boys fared a good deal better, with 27 out of 30.
<img src="/images/2014/09/01/sslaundry.jpg" alt=""> Lastly, Darren and Deanne presented unfinished spaces after major setbacks with their staircase (pictured below). Darren Palmer had a wobbly attempt up the stairs but quickly retreated - though it seems Valentic's buyers are a little more fearless, with tonight's episode preview showing the buyers braving the ascent.
<img src="/images/2014/09/01/ddstairs.jpg" alt=""> Though Darren and Deanne lost major points for failing to finish a room, they still received some compliments on their wall panelling and drying rack and earned 17 out of 30. Their laundry is pictured below.
<img src="/images/2014/09/01/ddlaundry.jpg" alt=""> This week, the teams will complete their kitchens.
All pictures courtesy of Channel 9.
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Will buyers agree with the judges on The Block?

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Newland have launched two more stages of their masterplanned development Seabreeze, in New South Wales' Pottsville.
The latest stages, 15 and 16, have officially been launched after a sell out of the preceding stages. This will bring 24 new lots across the 97 hectare estate.
The 38 home sites range from 495 square metres to 900 square metres. Prices range from $240,000 to $330,000.
In total, there will be 600 homes in the development, located at Pottsville-Mooball Road, as well as parks and sports fields.
Around 500 homes have already been built on the estate, and general manager for Newland Developers, Stuart Campbell, said that it would meet the demand they’re seeing in the area.
“We are currently progressing with final planning and anticipate civil works will commence on both stages in coming months, subject to weather constraints,” said Campbell.
“Each land release has been really well-received and as a result, the estate is now home to over 1,000 people across 14 residential stages,” he said.
General manager for marketing agent Oliver Hume Jillian Sheridan said that it’s likely to appeal to the owner occupier market, in particular younger first home buyers.
“We anticipate Stage 15 and 16 will answer current demand for affordable, new coastal property located close to both the Gold Coast and Tweed Coast regions,” said Sheridan.
“We are beginning to see the property market shift, and buyers are currently able to take advantage of historically low interest rates,” she said.
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Two new stages launched at Newland’s Pottsville estate

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Five years ago when Melbourne land supply was at its most constricted, there were some 90 housing estates selling land on Melbourne's outskirts. Now there are around 140. 
Land prices in Melbourne’s city-fringe housing estates continue to hover at around four-year lows, according to <a href="https://www.oliverhume.com.au/" target="_blank">Oliver Hume</a>.
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And are likely to stay that way as the Victorian state government ramps up new land releases, as Victoria’s population grows by around 2,000 people per week.
Oliver Hume research director Andrew Perkins forecasts lots released will peak above 200,000 for the first time this year.
In three years, that figure is set to treble.
Melbourne’s house and land market typically settles about 12,500 to 13,000 dwellings a year. 
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Most developers appear to be more accepting of volume over price growth – over the short-term at least, Oliver Hume suggests.
There has been some price growth on some projects in some municipalities, their recent report noted.
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The Q1, 2014 median land purchase price for the first home buyer sat at $192,000 - largely in line with the long-term trend.
"With much discussion to date focusing on the median land price, it is worth noting that the Melbourne growth area gross median land price is still around 16% below its 2010 peak," Perkins said.
Melton, Mitchell and Whittlesea are around 20% down on their peak (falls of between $36,000 - $49,000). Cardinia is surprisingly only 4% down on its peak. 
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The time on market index continues to fall. In the December quarter 2012 it took 6.7 months to sell a lot, now it takes around 3.5 months. 
Taking account of withdrawn, completed and launched projects, the fully-developed yield at the end of the quarter was just over 125,600 lots across 136 projects (down from its peak of around 145 in mid 2013). 
Some 22% of all projects are located in Whittlesea, 19% in Wyndham and 18% in Casey. On a suburb basis, 11 projects are in Doreen and 10 in Pakenham. Mernda rounds out the top three with nine. 
The gross median land price is $201,000, or $191,000 net after rebates. After rebates, Wyndham remains the most expensive land market at $214,500. 
Casey, with a net median land price of $207,500, is the second most expensive growth-area land market. Casey and Wyndham are only land markets with a net median price above $200,000. 
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Outer Melbourne land tracking at four-year lows: Oliver Hume

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Australia Post is featuring five beautiful private gardens from Open Gardens Australia in a new stamp issue.
Open Gardens Australia began life as Victoria’s Gardens Scheme in 1987, broadening to become a national program in 2000. 
Since the organisation’s beginning, it has showcased some 10,000 gardens.
Around 500 new private gardens are open to the public each season. 
It is estimated that around 200,000 adults visit the gardens annually.
There are five domestic base rate (70c) stamps and products available from 2 September.
The gardens on the stamps are: 
<ul>
<li>Cruden Farm, Victoria. The late Dame Elisabeth Murdoch established the historic garden within a working farm more than 80 years ago, engaging, among others, renowned landscape designer Edna Walling. It is a founding garden in Open Gardens Australia.</li>
<li>Mendel Garden, Western Australia. Award-winning landscape designer Janine Mendel developed this wonderful urban garden, which comprises three courtyards, with the stamp showing the lush, subtropical entry courtyard.</li>
<li>Niwajiri, South Australia. Steve Hailstone developed Niwajiri in the Adelaide Hills in the late 1980s. Displaying European, Japanese and Australian influences, Niwajiri has been meticulously planned and planted.</li>
<li>Walcott Garden, ACT. First developed in 1926 and redesigned by Helen Cohen in 2003, this water-wise garden reflects the vision of its owners, focusing on native plant species, textured foliage and an informal landscape design.</li>
<li>Wychwood, Tasmania. This is a superbly designed contemporary cool-climate garden among the rolling hills of northern Tasmania. A focal point in the tranquil garden is a seven-ring classical labyrinth, created through careful grass mowing.</li>
</ul>
 
 
The Open Gardens Australia stamps are designed by Simone Sakinofsky of Australia Post Design Studio, using photographs by Ben Wrigley (Cruden Farm), Steve Hailstone (Niwajiri), Janine Mendel (Mendel Garden), Ben Walcott (Walcott Garden) and Simon Griffiths (Wychwood).
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Trophy home gardens make their stamp with Australia Post

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Last night, The Block Glasshouse revealed the place where all the magic happens - the master bedrooms.
Each team unveiled their main bedroom and walk in robes in all their muted tone glory. As always, some fared better than others.
The judges raved over Maxine and Karsten's light and airy master offering, pictured below, awarding it 28 points out of a possible 30.
<img src="/images/2014/08/25/m1.jpeg" alt=""> Judge Shaynna Blaze was particularly pleased with the room's pair of abstract orange paintings by Thierry B., even complimenting an apparently complimentary orange pillow that sat between them, despite <a href="/news/art-styles-for-apartment-d-cor-lessons-from-the-block">her advice in previous seasons</a> not to match furnishings entirely to artwork.
Interior designer Darren Palmer was a fan of the room's bronze mirror, while Belle Magazine's Neale Whitaker declared the space simple and elegant.
If Shaynna was impressed by Thierry's (not chocolate) orange, she was positively bananas for the seemingly banal detail of a laundry chute she found in a high-end, multi-storey apartment's walk in wardrobe. But we were informed that the concept had not occurred to any other contestant this season, and so Shaynna's reaction was deemed reasonable enough.
Carlene and Michael fared almost as well, with a score of 27.5 from the judges for their room pictured below. Unfortunately, half a point can cost you $10,000 on The Block. The couple remain the only team in the competition who have failed to win a round so far.
<img src="/images/2014/08/25/mastercarlene.jpg" alt=""> Despite the pokey size of their master bedroom, with a walk in robe that really didn't meet the definition (of no fault of their own), the judges were big fans of the room, with Darren Palmer saying it felt like a hotel suite and Shaynna calling it sexy. Neale was pleased with the amount of light the room invited, thanks to its position along the apartment's light void, and praised Carlene's bed dressing skills.
In third place came Simon and Shannon, with 27 points. Judges were impressed by the amount of space available in the room, the surplus of which the boys used as a small sitting area, with two chairs and a coffee table.  The room (pictured below) also had a bench running the length of the window which was wide enough to perch on while you read the paper.
<img src="/images/2014/08/25/master%20shannon.jpeg" alt=""> Neale noted the clever architectural details the brother inject into every room, with this one featuring a false column and contrasting gyprock paneling to create visual interest on what otherwise would be a plain white space. Darren explained that those details are relatively cheap - budget renovators, take note.
The "biggest ever scandal on The Block" is barely worth mentioning - boy leaves phone under bed, records people who are already being recorded by someone else, gets in less trouble than a first time truant.
Darren and Dee were rushed away before the rooms could be revealed, due to their sick daughter. Host Scott Cam corralled the kind contestants together to help finish the room (pictured below) off in the D's absence. As he said, "family comes first, but also, The Block family comes first". Bob Day would be proud.
Darren and Dee's Block family didn't do too bad a job of it, with the judges awarding the couple 25 out of 30.
<img src="/images/2014/08/25/darrenmaster.jpg" alt=""> They were especially enamoured with the gas fireplace Darren and Dee installed in their room, a detail Shaynna said suited the couple's style thus far. What didn't suit their style was the walk in wardrobe, a tall (good) black (bad, next to their provincial white panelling) imposing (but still "sexy") offering. Unfortunately, the couple didn't pick up any points for matching their wardrobe to their neighbours' - every single walk in wardrobe this week was black.
But some wardrobes, and master bedrooms, were even more unpopular that Darren and Dee's. Chris and Jenna came in last place yet again this week, with 23 points for their room (pictured below). The couple were caught worshiping a golden calf in the form of a copper wall and neglecting other important details - for example, the exposed screws and so-called unimpressive materials in their walk in wardrobe, which Shaynna found disappointing given that Chris is a cabinet maker.
<img src="/images/2014/08/25/masterchris.jpg" alt="">
 As for the overwhelming copper wall itself, the judges weren't too keen despite its high dollar value, with Neale noting that it made the other furnishings look cheap by comparison. Though the couple tried to up the luxe with timber floors, none of the three were particularly big fans, saying that plush carpet would have been a better choice against the metallic monster.
The couple countered with an accusation that the judges care more about cushions than architectural details, with no comments on their raked ceilings or exposed trusses. They might be onto something - after all, you can't sell a ceiling on The Block Shop.
This week, the teams tackle their stairs, laundry and powder room spaces.
All pictures courtesy of Channel 9.
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The Block room reveals: Martyrs, mavericks and master bedrooms

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With property prices soaring it’s no surprise that first time buyers are increasingly looking at properties that need a little bit of work.
These “doer upper” or “renovator’s dream” properties offer huge potential for adding value through a renovation. However, novice investors and buyers do not want to be going in unsure of what they’re getting themselves in for.
Firstly, new buyers should look for properties that need what is called a ‘cosmetic’ renovation first. If you don’t know what this is, you <a href="/expert-insights/what-is-a-cosmetic-renovation-investment-terms-explained">can read our explanation here</a>, but essentially it's a light fix up that doesn't require structural changes or, usually, any council approvals. These are the best projects for novice renovators and homebuyers and the least likely to see you make poor decisions.
The pitfalls around renovating can be many and they can be very expensive. From overcapitalising, to DIY-ing where you shouldn’t, you must go in with a plan in mind.
However, it doesn’t always have to cost you a fortune. Reno Kings’ Paul Eslick suggests focusing on the following areas for bang for your buck:
<ul>
<li>A new coat of paint</li>
<li>Install a fence</li>
<li>Get your gloves on and do some light landscaping</li>
<li>Laminate and tile paint in the kitchen and bathroom (also consider replacing hardware such as taps and handles)</li>
<li>Window furnishings can make your home look a lot better, consider straight venetian blinds</li>
<li>Better lighting</li>
</ul>
These simple things should help improve any lacklustre purchase.
Renovating for Profit’s Cherie Barber treats renovating as a scientific process. Here is her eight-step process that she follows to get the maximum equity out of her properties in the quickest time possible:
<ol>
<li>
Structure and strategy - The structure in which you purchase is crucial to ensuring you are taxed efficiently at the very end of the process. Should you purchase in a trust, SMSF or company structure? - Decide on the strategy upfront: Is it buy/renovate/hold, buy/renovate/sell or something else? 
</li>
<li>
Suburb due diligence - Investors must know suburbs down to a street level. Pointing to her target suburb of <a href="/news">Balmain</a>, she explained that she knows where the negative and positive price pockets are, or where the prices change, and the reasons for this. - Ensure you're targeting the right type of suburb for the renovation you intend to undertake. Middle ring and outer areas tend to suit cosmetic renovations, while inner city areas tend to favour structural. 
</li>
<li>
Pricing due diligence - The real estate agent's job is to make the vendor money, never forget this.  - Ensure you are looking at true comparables - your suburb due diligence should assist you with this process. 
</li>
<li>
Property due diligence - Ensure you're not purchasing a property with major defects you cannot rectify under your budget (think about the hidden problems, such as termite damage or bad wiring). - Check that the property stacks up for the majority of buyers in the area. Your demographic is crucial, and you should be thinking about a property as a product. - Calling council and a number of other local experts will save you money in the long run. 
</li>
<li>
Acquire - The purchasing process and negotiation can be crucial for getting the price right. Ensure you enter in unemotionally and knowing the value (pricing due diligence). - There are a number of different conditions, requests for early access and similar that can be asked for at this part in the process. 
</li>
<li>
Council approval (usually for structural renovations) - The earlier this part of the process is started the better. Investors should be prepared for councils to take longer than is often stated on their websites. - To get an idea of how long the process might take, check online and see what has already been approved and the time frames. Expect it to take longer. 
</li>
<li>
Renovate - Get some good tradespeople and treat them well. It can often take a number of renovations to get your team selected. - Keep organised, keep timelines and ensure effective communication. - Avoid being the DIY-er unless you have done it before effectively. 
</li>
<li>
Sell/Rent - While you should have been clear on which of these approaches you were going to take since step one, it's now important to ensure you approach the best real estate agents and property managers for the job. - Treat choosing agents as an interview process, rather than solely basing it on personality. - Ensure that at any opens, the changes you have made to that process are highly visible and communicated to potential tenants/purchasers.
</li>
</ol>
You might also want to read <a href="/expert-insights/building/twelve-key-points-to-consider-before-you-start-home-renovations">Lisa Montgomery’s 12 things to consider before you start your home renovations</a>.
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Looking for a “renovator’s dream”? Here’s what you need to know first

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Sydney’s south-west site The Hermitage’s latest land release Gabriel’s Run has secured a sell out of the land lots in their Gledswood Hills release.
More than 650 registrations of interest were received for the launch, said Sekisui House sales and customer relations manager for <a href="https://www.thehermitagesydney.com.au" target="_blank">The Hermitage</a>, Craig Barnes.
“Sekisui House has and continues to experience an unprecedented demand for land at The Hermitage which is showing no signs of slowing,” said Barnes.
He said that each release consistently received between 300 and 500 registrations of interest.
In this latest release, lots ranged from 476 square metres to 760 square metres, priced from $285,000 to $385,000.
Barnes said that the next land release is expected later in the year.
At present, The Hermitage includes the largest display village in Sydney’s south-west, HomeWorld. Over 700 lots have sold since its March 2012 launch.
Including Gabriel’s Run there are another three precincts – Hardy’s Rise, Chisholm’s Corner and Donohue’s View.
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Gabriel’s Run, Gledswood Hills latest release secures weekend sell out

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On last night’s episode of The Block Glasshouse it was time for the contestants’ “jury” vote to be revealed on the third bedroom, hallway and study for each apartment with a $5,000 prize up for grabs.
However, this time they were casting their votes before knowing who the judges would prize $10,000 to. This forced the contestants to vote strategically, as each couple looked to vote for someone they thought wouldn’t win the judges’ vote.
While this ensured plenty of controversy for the latest episode, what was truly revealing was the gap in opinion between the judges and the contestants as they viewed the apartments without previously hearing other opinions.
Overall, it was Darren and Dee's apartment five that won another $5,000 – with the jury and the judges both independently deciding it was the best of the week.
While debate is raging over the voting tactics of the contestants, it’s an indication how buyers might actually respond to the apartments if they went onto the market outside of The Block.
While the judges were clear in what they did and didn’t like, it was clear that the right balance between functionality and design was crucial.
The episode re-iterated the last <a href="/expert-insights/building/the-block-glasshouse-functionality-crucial-as-study-and-guest-bedroom-revealed">five lessons lessons learnt form last night's episode</a>.
Here are the divergent thoughts on the five apartments:
<ul>
<li>Apartment One - Michael and Carline</li>
</ul>
While the light fitting was loved by the judges, it received mixed reviews from the other contestants.
However, the day bed and desk were universally liked- even while the impractically low chair was noted by most.
The room was said to be lacking a bit of warmth and softness.
In the bedroom, the exposed brickwork with feature lightning was called a standout by most of the couples, and they were particularly impressed with the clever styling.
However, it was called a bit ‘safe’.
OVERALL:  Splashy, large wow-factor items will divide a crowd. However, subtle exposed brick is a largely liked factor. The importance of making something practical, as well as stylish, cannot be understated.
<ul>
<li>Apartment Two – Chris and Jenna</li>
</ul>
While the judges were pretty unhappy with the room and the lack of the study, the jury was not as displeased.
The large number of plants and the “crude” look that the judges pointed out didn’t seem to be in the jury’s minds.
The wall that called the judges ‘squeezed’ but provided a walk in wardrobe was actually well liked by the other couples, who liked that there was a separate space.
They didn’t do a study and the attic saw the judges called it just a storage room. It divided the contestants, however they weren’t as negative about the change.
OVERALL: Removing a study was not a good decision to have been made, but the smaller bedroom space to bring in a walk-in wardrobe might not have been as devastating as the judges believed.
Article continue son the next page. Please click below.
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<li>Apartment Three – Karstan and Max</li>
</ul>
The concrete floors were loved by the jury and the judges, even while the judges thought it felt cold overall.
The large space was universally described as massive and the comment that it appeared like a hotel was most apt. However, the couples were impressed with the modern shiny laminate desk and shelves, while it split the judges who thought it was somewhat dated.
The main diversion of opinion came about from the large artwork in the bedroom, that the last episode suggested should have gone into the study. Brightened up with smart wall lighting options, some thought it was too large while others loved it.
However, the room did need something “added” – with suggestions of fabric panelling on the wall.
OVERALL: Again, big wow-factor items will divide, however bareness is always noticed and careful attention needs to be given to large areas. Temperature, coldness and the feeling of comfort should be carefully attended to.
<ul>
<li>Apartment Four – Shannon and Simon</li>
</ul>
The compact study area was liked by both the judges and the jury, and the skylight was also agreed upon as the stand out feature.
The clever use of spaces and levels with the ceiling, and the floating roof, left a huge impression on the jury.
Cosy, cute nook, and they liked the skylight – widely liked and called a stand out feature by both the judges and the jury.
The velvet tangerine bedspread left some divided, but overall the “vibe” of the room had most converted.
OVERALL: Bright colours that vary from neutral can be daring, but can work well with enough thought. It’s worthwhile considering different levels, skylights. The general ‘feel’ of a room can often be as important as individual features.
<ul>
<li>Apartment Five – Darren and Dee</li>
</ul>
Because of the choice of artwork, the jury loving this apartment before they’d even stepped into it. The judge’s winning pick from last week,  dubbed “modern colonial”, it seemed as though all the couples loved this the most as well.
The herringbone floor was loved, and the use of space with the see-through back of the desk to the yet-to-be-built stairs seen as standouts by the jury.
The guest bedroom was also widely liked as a little oasis and the canopy, while called a ‘mosquito net’ at one point, was also a hit.
Styling received mixed reviews, with the number of pillows and a decorative key prompting debate.
OVERALL: Styling can divide, but layered and neutral tones with a high attention to comfort is often worthwhile. Unique features and forethought into other areas and how it will play in will put you in a much better position.
Picture courtesy of Channel 9.
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