Avant Townhomes is adding to Ivanhoe’s family-sized housing options with <a href="https://www.apartments.com.au/new-townhouses/three-82-ivanhoe-382-upper-heidelberg-road-ivanhoe-vic-3079">Three 82</a>, a collection of just 16 four-bedroom townhomes on Upper Heidelberg Road.

The <a href="https://www.apartments.com.au/developers/intrapac-property">Intrapac Property</a> townhome division has taken a contemporary approach to the traditional family home, pairing larger floorplans with the lower-maintenance format of a townhouse.

[smartcode_project:default project_id=152069 project_image_fid=374394]

Designed by <a href="https://www.apartments.com.au/architects/arcadia-studio">Arcadia</a>, with landscaping by Landsite, the homes feature generous open-plan living and dining areas that connect directly to outdoor spaces, with layouts also designed to maximise natural light and privacy.

Natural stone is used throughout the interiors, including in kitchens that pair stone surfaces with bespoke cabinetry, considered storage and SMEG appliances.

The four-bedroom layouts include built-in wardrobes and a main bedroom with its own ensuite, while family bathrooms service the additional bedrooms. Each home also includes a lock-up double garage and intercom entry.

[smartcode_project:default project_id=152069 project_image_fid=374399]

Energy efficiency has been incorporated into the design through solar panels, double glazing and reverse-cycle heating and cooling, with the homes targeting 7-star energy ratings.

Rather than incorporating extensive communal facilities, Three 82 has been conceived around private residential amenity, with the 16-home scale keeping the focus on individual homes and their own indoor and outdoor spaces.

The development is located at 382 Upper Heidelberg Road, around one kilometre from Ivanhoe Village's cafés and retail and a short drive from Eaglemont Station and Ivanhoe Station.

[smartcode_project:default project_id=152069 project_image_fid=374393]

Several of Ivanhoe's established schools are also nearby, including Ivanhoe Girls' Grammar and Ivanhoe Grammar School. The address also provides access to the suburb's parklands and the wider Yarra River corridor.

<a href="https://www.apartments.com.au/project-marketer/nelson-alexander">Nelson Alexander</a> has been appointed to handle sales.

Construction is underway and progressing well, with Three 82 currently tracking toward completion in Q2 2027.

[smartcode_project_cta:default project_id=152069]

Joel Robinson

Three 82 brings boutique four-bedroom townhome collection to Ivanhoe

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/graya">Graya</a> has secured a prime Newstead site from fellow developer Fraser, subsequently lodging plans for The Silo, a major mixed-use residential project in Newstead designed around a new public laneway linking the James Street precinct with the wider Gasworks and Newstead neighbourhood.

Proposed for the corner of Chester and Morse streets, the <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau^Proberts</a>-designed project places its strongest emphasis at ground level, where retail, landscaping and a new cobblestone pedestrian connection would open the site to the surrounding neighbourhood. The design team describes The Silo as “more than a residential building”, positioning the development as an extension of Newstead’s public realm rather than a standalone apartment tower.

“A new cobblestone laneway and landscaped connection between James Street and Gasworks unlock a missing pedestrian link, improving walkability and stitching together two of Brisbane’s significant urban destinations,” Bureau Proberts said in its Urban Design Report.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="0ea1b06a-75f5-40a5-b2c5-33c97bc86052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/silo%20bldg.png?VersionId=KmjsAtNePu57_B31EM_DJ5T6KPJHtcmo" />

The Silo is planned as a mixed-use development incorporating apartments alongside a bar and centre activities including food and drink outlets, indoor sport and recreation, office and retail uses.

Architecturally, Bureau Proberts has conceived the building as a collection of vertically expressed, stepping forms rather than a single uniform tower. The composition rises from an articulated podium before being broken by a triple-height landscaped recreation level, with the upper section becoming more compact before terminating in a landscaped rooftop garden.

The project's name and architectural language draw directly from Newstead's industrial history. Patterned off-form concrete is proposed as the principal façade material, complemented by slender metal rod balustrades and extensive planting. The cylindrical and vertically ribbed elements give the building its silo-like expression, while curved balconies and planted edges introduce a softer subtropical layer.

“The Silo reinterprets its robust forms, scale and materiality through a contemporary subtropical architectural expression, creating a building that acknowledges its industrial legacy, while responding to the way the precinct is occupied today,” Bureau^Proberts said.

The recreation level is one of the defining breaks in the tower. Plans include a lap pool, mature subtropical planting and shared resident facilities within an elevated communal garden. Landscaping continues through the podium and onto the rooftop, where a further garden forms what the architects describe as a “subtropical crown” to the building.

<img alt="First look: Graya plans The Silo as new pedestrian link between James Street and Gasworks" data-entity-type="file" data-entity-uuid="f8451036-35a4-49a9-8d88-2ef4438eba3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Silo%20Lane.png?VersionId=h8N31_rYmCEqoNrpt4kbYVQhJGZn60LH" />

At street level, the development has been designed to establish a more permeable block. Retail and hospitality tenancies address the public realm, while landscaped pedestrian spaces lead into the new laneway connection. Renders in the design report show the proposed “Silo Lane” as a substantial opening through the podium, framed by cylindrical concrete forms with cascading planting above.

The Silo continues Graya's move into larger apartment developments after building its reputation across high-end residential projects in Brisbane and the Gold Coast.

Graya buys Frasers Newstead site, plans The Silo between James Street and Gasworks precincts

<a href="https://www.apartments.com.au/developers/wickton">Wickton</a>’s completed Linacre Rise development in Hampton is giving Bayside downsizers the opportunity to move into a spacious apartment near the beach, with the developer covering stamp duty for a limited time.

The 27-residence development has been designed for buyers who want to simplify their living arrangements without giving up the space, warmth and quality associated with a long-term family home. Most apartments have already been secured by Bayside locals, leaving a select collection of two and three-bedroom residences and penthouses available.

Two-bedroom apartments are priced from $1.275 million, three-bedroom residences from $2.25 million and penthouses from $3.375 million, with the completed homes available to inspect and move into now.

[smartcode_project:default project_id=95289 project_image_fid=366760]

<a href="https://www.apartments.com.au/buildings/linacre-rise-hampton-8-10-linacre-road-hampton-vic-3188">Linacre Rise</a> occupies an elevated position on one of <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a>’s quiet, tree-lined streets, around 250 metres from the bay and 500 metres from Hampton’s village centre. Its setting gives residents access to the beach, local cafés, shops and Hampton Train Station while retaining the feel of an established residential neighbourhood.

Architecture and interiors by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> draw on the warmth and permanence of traditional brickwork, with the building integrated into terraced landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>. Ground-floor apartments are elevated above the street and include private garden courtyards, while several upper-level residences have generous balconies and outlooks toward the bay.

Inside, the residences favour natural materials and generous proportions. Herringbone-pattern European oak flooring, natural stone benchtops, premium joinery and Swiss V-ZUG appliances are among the key inclusions, while integrated storage has been incorporated across kitchens, bathrooms, studies and living areas.

The kitchens have been planned as practical spaces for both everyday use and entertaining, with substantial island benches, detailed cabinetry and adjoining dining and living zones. Full-height wardrobes, plush bedroom carpeting and carefully considered lighting reinforce the residential character Wickton sought to retain for buyers moving from larger homes.

[smartcode_project:default project_id=95289 project_image_fid=366769]

A Linacre Rise purchaser said the completed apartment had delivered the space, outlook and construction quality they had been seeking.

“The unit is very light, has views to die for over the bay, all construction materials and fittings are premium quality, we have secure parking for three cars, EV charging at very competitive rates, the neighbours are friendly and there is just a lovely ambiance about the place,” the purchaser said.

Environmental features include solar panels, shared electric vehicle charging stations, rainwater harvesting for toilet flushing and landscape irrigation, double-glazed windows and water-efficient fixtures and appliances.

[smartcode_project:default project_id=95289 project_image_fid=366762]

The development was built by Balmain &amp; Co, with Wickton managing the broader development process through its in-house team.

For downsizers, the project’s completed status removes much of the uncertainty associated with buying off the plan. Purchasers can inspect the finished apartments, understand their outlook and proportions, and move in without waiting for construction to conclude.

The remaining selection includes north-oriented balconies, corner configurations and penthouses with elevated bay views. The developer-paid stamp duty initiative is available for a limited time, with potential savings of up to $200,000 depending on the residence purchased.

[smartcode_project_cta:default project_id=95289]

Limited-time stamp duty offer at completed Linacre Rise apartments in Hampton

Luxury apartment buyers have long prioritised design, space and finishes, but increasingly they're placing equal importance on something less tangible: how easily they can live without relying on a car.

At <a>Richmond Square</a>, <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> believes that convenience begins beyond the apartment itself, with the mixed-use precinct earning a near-perfect Walk Score of 99.

The development has been planned around the idea that some of the most valuable amenities aren't contained within a building, they're the restaurants, cafés, parks, transport connections and daily conveniences that can all be reached on foot.

Located just behind Swan Street and Church Street, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> places residents within one of Melbo​u​rne's most established lifestyle precincts while offering a quieter residential setting removed from the busiest thoroughfares. East Richmond Station is moments away, trams run along both Swan and Church Streets, and the MCG, Melb​​ourne Park, Yarra River trails and the CBD are all within walking distance. At the same time, the precinct itself will introduce a curated mix of dining, retail, hospitality and wellness offerings, creating a destination that extends well beyond its residential buildings.

[smartcode_project:default project_id=13181 project_image_fid=348530]

For Fortis, that combination of location and scale was what made the site unique.

"<a href="https://www.apartments.com.au/developments/richmond-vic-3121">Richmond</a> is one of Melb​o​urne's most established and distinctive inner-city neighbourhoods, with a rare combination of dining, culture, recreation, public transport and proximity to the CBD," the developer said.

"The opportunity at Wiltshire Street was particularly compelling because the site sits slightly removed from the activity of Swan and Church Streets while remaining only moments from everything that makes the area desirable."

Rather than developing a standalone apartment building, Fortis consolidated 15 individual properties to create one of the larger development parcels assembled on Mel​b​ourne's city fringe in recent years. That allowed the team to deliver a genuine mixed-use precinct comprising 107 residences across Wiltshire House and Carmine House, premium office space, hospitality venues, retail, wellness offerings and a future 57-room hotel.

"The scale of the site allowed Fortis to think beyond a standalone apartment building," the developer said.

"Richmond Square could be planned as a complete lifestyle precinct, bringing homes, workplaces, dining, retail, hospitality and wellness together around a series of activated public spaces. The aim was to create a destination that feels connected to Richmond rather than separate from it."

[smartcode_project:default project_id=13181 project_image_fid=348533]

The emphasis on walkability has also resonated with buyers.

Interest has been strongest from established owner-occupiers, particularly downsizers from Richmond and Melb​ourne's inner east who want to remain close to familiar restaurants, workplaces, family and social networks while moving into a more secure, lower-maintenance home. The project is also attracting Mornington Peninsula and interstate buyers seeking a Melb​ourne residence they can lock up and leave between visits.

Many are looking for generous living spaces, room to entertain, quality finishes and confidence in the project team, but location remains one of the biggest deciding factors.

"For many buyers, Richmond Square provides a way to simplify the practical side of home ownership without reducing the quality of their lifestyle," the sales team said.

"Location is also a major driver of interest. Buyers can remain connected to the CBD, major sporting events, the arts centres, local restaurants, cafes and bars and their family while living in a private and secure residence that is easy to lock up and leave for weekends or longer periods away."

[smartcode_project:default project_id=13181 project_image_fid=348549]

The residences themselves have been designed with that buyer in mind. Award-winning architecture practice SJB and interior designers Hecker Guthrie have created spacious two and three-bedroom apartments and penthouses that prioritise generous living areas, natural light, bespoke joinery and private terraces. Above, a rooftop sanctuary by Acre includes landscaped lawns, bookable dining rooms, barbecue facilities, wellness spaces and panoramic views across the CBD, the MCG and Port Phillip Bay.

Fortis believes Richmond Square reflects a broader evolution in apartment living, where the surrounding neighbourhood becomes just as important as the residence itself.

"Richmond Square introduces a different proposition: generously proportioned residences within a genuinely mixed-use, hospitality-led destination," the developer said.

"The project's location and Walk Score of 99 further support a lifestyle where residents can complete many everyday journeys without relying on a car."

Fortis has assembled an experienced team that includes <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, <a href="https://www.apartments.com.au/interior-designers/hecker-guthrie">Hecker Guthrie</a>, <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a> and builder <a href="https://www.apartments.com.au/builders/hacer-group">Hacer Group</a>, reflecting the developer's commitment to creating projects with enduring design quality and meaningful connections to the communities in which they sit.&nbsp;

Richmond Square is an expression of that philosophy, bringing together homes, workplaces, hospitality and wellness within one of Me​lb​ourne's most walkable neighbourhoods.&nbsp;

Construction is now almost complete, providing purchasers with growing confidence ahead of its expected September 2026 completion.

[smartcode_project_cta:default project_id=13181]

Walk Score of 99 places Richmond Square at the heart of Melbourne's most connected lifestyle

<h3 data-end="19" data-section-id="1dvgwoe" data-start="0">Summary</h3>

<ul data-end="634" data-start="21">
	<li data-end="170" data-section-id="1o77v31" data-start="21">Walker Corporation has lodged plans for a second major residential development in the Maroochydore City Centre, a 29-storey tower known as Celeste.</li>
	<li data-end="327" data-section-id="1lb0y6t" data-start="171">The Plus Studio-designed proposal at Lot 30 Sunshine Coast Parade would deliver 208 apartments, including four four-bedroom sub-penthouses and penthouses.</li>
	<li data-end="487" data-section-id="za720" data-start="328">The application comes as Walker doubles down on Maroochydore following the strong sales campaign at SOL by Walker, where the first tower is nearing sell-out.</li>
	<li data-end="634" data-section-id="5sovec" data-start="488">Walker is a key partner in the transformation of the Maroochydore City Centre, which is expected to ultimately deliver at least 4,000 new homes.</li>
</ul>

Walker Corporation is doubling down on Maroochydore following the successful sales campaign at its first residential project in the emerging CBD.

The national developer has filed plans for <a href="https://www.apartments.com.au/new-apartments/celeste-30-sunshine-coast-parade-maroochydore-qld-4558">Celeste</a>, a new 29-storey apartment tower at Lot 30 Sunshine Coast Parade, just metres from its under-construction SOL by Walker development.

The plans, prepared by Plus Studio, would see 208 apartments delivered across a 100-metre tower on the 2,376 sqm site, which fronts Sunshine Coast Parade, First Avenue and Future Way within the Maroochydore Priority Development Area.

<img alt="Walker" data-entity-type="file" data-entity-uuid="17038209-6fea-4ed2-855d-fd4df65b3d02" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.16%E2%80%AFAM.png?VersionId=iZD.oVXcQn.aLpUytDAW.CWjxP4puWMy" />

The proposed apartment mix comprises 36 one-bedroom apartments, 48 two-bedroom apartments, 72 two-bedroom apartments with an additional multipurpose space, and 48 three-bedroom apartments.

The upper levels would be capped by two four-bedroom sub-penthouses and two four-bedroom penthouses, taking the total apartment count to 208. The preliminary yield study also provides 262 car spaces, 114 resident bicycle spaces and storage for each apartment.

It represents Walker's next major residential move in the new Maroochydore CBD after the success of SOL by Walker, its $220 million two-tower project nearby.

SOL launched to market in early 2025 and has since seen strong demand, particularly from local owner-occupiers. By February this year, Walker said the first SOL tower was nearing sell-out, with a strong waitlist also emerging for its recently released penthouse collection.

Construction is already underway on SOL, with the first tower expected to be completed in late 2027 and the second to follow in early 2028.

[smartcode_project:default project_id=147777 project_image_fid=319846]

<h2 data-end="2518" data-section-id="1b2dyo5" data-start="2459">Celeste to rise 100 metres over Maroochydore City Centre</h2>

Celeste would take a different form to the twin 19-storey buildings at SOL.

Plus Studio has designed a single 100-metre tower above an activated podium, with the architecture responding to the site's prominent position and three street frontages.

The podium would incorporate commercial tenancies and public art, with sweeping façade elements wrapping the street edges. The scalloped concrete podium has been inspired by the patterns created in sand at low tide, while extensive landscaping would continue vertically through the tower.

The ground level plans show three commercial tenancies addressing Sunshine Coast Parade alongside the residential lobby and landscaped public realm. The podium would then accommodate several levels of car parking before the residential tower rises above.

<img alt="Celeste" data-entity-type="file" data-entity-uuid="121f77b1-71c5-46d7-9b36-0a7d474211ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-10%20at%2010.24.47%E2%80%AFAM.png?VersionId=MGrg9Hb7HgzLN0Lelq_xrXNAruVl77ia" />

Plus Studio said the tower had been designed to maximise views from each apartment, taking in the Maroochy River, Sunshine Coast hinterland, Cotton Tree and Maroochydore Beach and ocean.

Those views have also shaped one of the project's key features, with Walker proposing to put the primary resident amenity on Level 29 rather than lower within the building.

The rooftop would feature a 284.9 sqm pool area with an infinity edge, along with a cold pool, spa, sauna, 93.2 sqm gym, sunset lounge, BBQ and dining areas, pool deck and private dining space. Cabanas and day beds are also shown across the recreation level.

The two penthouses would extend across the upper levels and each feature private terraces and plunge pools.

<h2 data-end="4202" data-section-id="v5f4ix" data-start="4160">Walker's growing Maroochydore footprint</h2>

Celeste further reinforces Walker's commitment to the transformation of Maroochydore City Centre.

Walker is one of the key partners delivering the new CBD alongside Sunshine Coast Council and SunCentral Maroochydore, with the broader 62-hectare Priority Development Area occupying the former Horton Park Golf Course and surrounding land.

The precinct is ultimately expected to accommodate at least 4,000 new homes as Maroochydore evolves into the Sunshine Coast's principal commercial and residential centre.

When SOL secured approval in February 2025, Walker Managing Director and CEO David Gallant described it as the "first of many residential projects" the company planned for the Maroochydore City Centre.

Celeste now provides the clearest indication yet of what comes next.

The site sits immediately within the new CBD, with the design report identifying Sunshine Plaza and surrounding parkland within walking distance and Maroochydore Beach around a five-minute drive away.

For Walker, the timing of the application comes as its first residential bet on the new CBD appears to have been vindicated.

SOL has progressed from planning approval to construction while its first release has approached sell-out, giving Walker confidence to push ahead with another 208 apartments and take its residential pipeline in the Maroochydore City Centre to around 450 dwellings across the two projects.

Celeste remains subject to planning approval, with the architectural material describing the scheme as a preliminary yield study that may change through the assessment process.

Walker doubles down on Maroochydore with 29-storey Celeste apartment tower

Prominent New Zealand apartment and hotel operator, <a href="/developers/safari-group">Safari Group</a>, is offering up a prime investment opportunity for Australians to purchase off the plan in one of the world’s most popular ski destinations.

They recently took to market Mountain Oak Queenstown Apartments, in the growing precinct of Remarkables Park in Frankton, near the airport and at the foot of The Remarkables - the mountain range the locals like to call “The Remarks”.&nbsp;

Sydney investors have shown interest in the one, two and three-bedroom apartments that secure high-season occupancy six months over the year, primarily over summer and winter months.

They average 90 per cent occupancy across their portfolio over January, February, March, August, November and December, while shoulder season months of April, July, September and October are still occupied 70 per cent of the time, with the growing appeal of Queenstown becoming not just a hotspot for the snow, but a lifestyle destination.

Even in the low seasons of May and June, occupancy levels reach around 40 per cent.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Safari’s Safari Hotels arm can also manage the holiday letting for an investor, from the listing on holiday accommodation websites such as Airbnb and Booking.com to the cleaning and maintenance of the investment. They’ve been in the short stay management business for 15 years and offer 24/7 support for investors, an important convenience benefit for any overseas investor

Another major drawcard for Australians is that New Zealand doesn’t have a stamp duty policy - so the entry price of NZ$639,000 (AU$586,000), is all that is payable on completion.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Safari is starting construction of the 141 apartments in Q2 this year, with a two-year build estimated to complete in mid-to-late 2027.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczFpFAb7WuA6f4f9TtKWcqXyNwR8qqtakWv352ERkpqNlP3KwIo8YKxw67jZNHfpjEGIZGv5MQTbnvLZwNt8iu9IVdOrswOjCvBZ4zhSoOOLrpt6etVEZTN1gkBho0r_R72zdHNA?key=yq3daOanqHSb88QFd8jGYKdb" title="Click and drag to move" width="15" />​

The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;

Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.

With its strategic location near Coronet Peak and Cardrona Alpine Resort, as well as key retail and dining precincts such as Market Street, Five Mile Shopping Centre, and Remarkables Market, Mountain Oak offers a strong proposition for investors seeking high rental yields and capital appreciation in one of New Zealand’s most sought-after locations.&nbsp;

Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.

Safari Group offers low-touch investment proposition in Queenstown’s popular ski fields district

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Property developer Greg Shand has purchased the NSW Leagues Club building in the Sydney CBD for $15.5 million.
The building runs between Phillip and Elizabeth streets and will retain current tenant, Travelodge until 2050, with a 49-year option.
The club originally took two strata to the market, floors six to nine and levels B1, B2, three, four and five and had intended to retain Ground Elizabeth Street, Ground Phillip Street and levels one and two.


Due to strong interest it sold the entire building and leased back Ground Elizabeth, Ground Phillip and levels one and two for a term of three years. 

Collier’s International agent Jon Chomley said they faced many challenges in the sale of the building.

 
“The marketing process was challenging due to the long term lease back to the Travelodge, the club wanting to remain in the premises and preferably own their floors and the issues around the age of the building,” he said.

The club received four offers for the strata and five for the entire building, with two bids being false starts as the groups could not support their prices.


Greg Shand is chief executive of the Barana Group real estate and investment company, which currently has an investment portfolio of $450 million, with investments in Australia, the UK, Japan and Continental Europe.
  

<a target="_blank" href="https://www.propertyobserver.com.au/leisure/novotel-st-kilda-snapped-up-by-greg-shand-s-barana-group/2012090656449">In September last year</a> the group purchased the Novotel St Kilda hotel in Melbourne for $55 million, at a yield of 8%.
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jrobertson-4NasGYvWhc

Property developer Greg Shand's Barana Group makes $15.5m Sydney CBD purchase 

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Highlighted by the increased proportion of homes selling for more than double their initial purchase price, a survey of First National estate agents has found that 48% expect property prices to rise.
However it is unlikely there will be any solid upturn in house prices before 2015, due to cautious spending and borrowing behaviour, the survey found.
The First National Real Estate 2013 Property Market Outlook Mid Year Outlook, released today, surveys the 400-plus member network and draws on their experience at a grass roots level, providing insight to what they anticipate the market will do in their area for the rest of the year.
‘’Our members are expecting the second half of the year to strengthen even further, with the revival experienced in the first half continuing,” says First National CEO Ray Ellis.
“Although pockets of our membership anticipate soft trading conditions for the next few months, a clear majority is optimistic that the federal election will bring a change of government as well as a positive change in their property markets.”
Interest rates are expected to remain low for some time, with 51% of members expecting them to fall further.
The report highlights the impact of ongoing low interest rates on fixed rate mortgages, which are expected to become more popular with home owners over the coming six months, according to 86% of members, with some saying home buyers may hold off longer, expecting rates to fall further still.
“The challenge of low interest rates is that they could lead to a quicker than expected rise in house prices as households take on higher levels of debt,” Ellis says.  “The associated boost to wealth and sentiment could, in time, generate stronger than expected consumption growth.”
House prices across the nation are slowly trending upwards, the agents say.
But price growth is expected to be modest, according to Ellis, and nowhere near the 5% to 7% predicted by some economists.
At the state level, first home buyers are expected to be the most active market segment in Western Australia and the Northern Territory. However, in New South Wales, South Australia, Victoria, the Northern Territory and Queensland, people upgrading their properties or buying investments are anticipated to be the most active.
Property sales volumes should remain at current levels, but for some states such as New South Wales, Victoria and the Northern Territory, they will begin to trend upwards.
“There is potential for the number of homes for sale to drop off at election time, but volumes should increase once the federal government has been decided,” Ellis says
The number of homes for sale is trending downwards, which may be partially responsible for the current high auction clearance rates in the leading indicator states of Victoria and New South Wales.
“Auction clearance rates have been consistently higher than 60 per cent nationally, and around the 70% mark in the key Melbourne and Sydney markets,” Ellis says.
“This is placing additional upward pressure on prices.”
Almost 80% of First National Real Estate members expressed confidence their agency business would grow in the second half of the year.
Some 37% of First National agencies expect they might employ additional staff members.
 
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Half of First National agents expect prices to rise, but nowhere near the 5% to 7% predicted by some economists

Friends and frenemies&nbsp;of celebrity businesswomen and Celebrity Apprentice contestant, Roxy Jacenko, can&nbsp;get a glimpse into her world.

Her&nbsp;investment cottage, and former home, at 12 Nelson Street, Woollahra has been listed for auction.

It&#39;s&nbsp;chic and contemporary&nbsp;with mirrored wall features. Of course there&#39;s&nbsp;requisite&nbsp;video surveillance and&nbsp;intercom security.

&ldquo;I have decided to list my investment property for sale as I am looking to purchase a commercial property to house Sweaty Betty PR,&rdquo; says&nbsp;Roxy Jacenko.

&ldquo;As far as reports that our family home is for sale - that&rsquo;s incorrect,&rdquo; the Daily Telegraph&#39;s Jonathan Moran reported recently.

The&nbsp;329 square metre&nbsp;property, in Sydney&#39;s high-flying eastern suburbs,&nbsp;&nbsp;has been listed by&nbsp;<a href="https://www.ballardproperty.com.au/Buying/Search/residentialresult/residentialdetail.aspx?id=WOOLLAHRA%202012160&amp;wlid=d6109402-3e32-4f65-8606-b2a93faf28c1" target="_blank">Clint Ballard of Ballard Property Group</a>.

The 33 year old mother, and wife of stockbroker Oliver Curtis, and mother&nbsp;to Pixie Rose and founder of Sweaty Betty PR, bought the two-bedroom, two-bathroom cottage in 2006 for $2.8 million.

Roxy Jacenko is now hoping to receive a sale price of $3.5 million.

The Woollahra home was available for rent in August 2011 through Farquharsons Executive Rentals Double Bay for $1,800 a week.

The current median asking price for rent in Woollahra is $1,200 a week, which reflects a 3.5% yield.

Interior designer and architect for high end hotels, and residential and commercial projects, Blainey North,&nbsp;fitted out&nbsp;the double fronted residence.

The home has been refreshed internally. There&nbsp;is&nbsp;development approval&nbsp;to extend it into four&nbsp;bedroom family home.

The one story, residential home was previously up for sale in&nbsp;2011 with&nbsp;a $3 million price tag.

The average time on market for a home in Woollahra NSW is around 76 days, with its&nbsp;$1.8 million, down&nbsp;1.1% over the past year, according&nbsp;to RP Data.

The home is located a short walk from Queen Street village and in close proximity to the city.

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Nelson Street Woollahra listed by Roxy Jacenko

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Sarah Curran is the entrepreneur behind online fashion retail dynamo my-wardrobe.com. Seven years ago, the then French-based Curran sold her house to fund the start-up of her company.
Now, my-wardrobe.com is on target to hit £20 million ($33 million) in sales this year, which is up 40% on the year before. The company has offices in London and Nottingham, as well as in Sydney, New York and Norway, and employs close to 100 staff.
Curran was interviewed from Istanbul, where she was a keynote speaker at the Dell Women’s Entrepreneurship Network conference.
My passion for keeping connected with the customer comes from having originally had my boutique in North London. When I launched my-wardrobe, I really wanted to retain that personal element. Online, you’re faceless, and it’s very easy for a customer not to relate with you and to shop without that emotional touchpoint. That’s been a real challenge, but I love a challenge. It was an opportunity to solve the problem.
The way we do it is we have our events, which we host in every territory where we have an office. They’re a way of letting a customer see the trends of the season, and of allowing the customer to feel part of the community. They’ve proved very successful.
It’s not about selling on the night. I remember when we did our first one in London. A woman came up to me and said it was really amazing that she didn’t feel pressured to buy something. I said: ‘It’s not about shopping.’ It’s about seeing the trends and thinking about how to wear them, and about being connected to the my-wardrobe brand.
In growing the business, our biggest challenge has been marketing. We didn’t have the cash to invest in customer acquisition. We grew organically. Once we get a customer, our retention is extremely high. We’re sitting at 65%, most sit on 30-40%. We do invest heavily in our team that supports customers and makes sure they’re loyal to us. We just didn’t have the cash to get more of them.
Events and partnerships helped with that. That’s how we started our relationship with Dell. We partnered with people who were much bigger than us, but not in fashion. We thought about the brands our customers were engaged with, in terms of beauty, lifestyle, health and technology. We used partnerships to bring us new audiences.
Australia is our second largest market. Our Australian customers have a higher average order, and they spend more time browsing. Our statistics are very high and very positive with regards to the Australian market.
I don’t believe in just going into a territory, taking market share, and not giving back. Having an office in Australia, and participating in things like the Melbourne Fashion Festival, are our way of adding value. We believe in doing things like finding and selling new Australian designers. The relationship has to go both ways. I’m not comfortable otherwise. It’s a moral obligation.
All our customer sales girls come from a fashion background. All have been trained on the key products and seasons, as well as the new designers. Those sorts of things are really important.
We think it’s important to be flexible about how we show a product online. So when you go to a product, you can scroll and see it in different ways. No other site does that. It was important for me to make the item as relevant to as many people as possible. So, a woman might say, ‘oh, I’d wear it like that instead’.
Myriam Robin travelled to Istanbul as a guest of Dell, which paid for her flights and accommodation.
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/">SmartCompany</a>.
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How to grow a business when you can't afford marketing: my-wardrobe.com's Sarah Curran

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Over the last two weeks I have looked at <a href="https://www.propertyobserver.com.au/residential/a-snapshot-of-young-city-dwellers-peter-chittenden/2013070162865" target="_blank">some of the key demographics</a> driving our CBD residential markets.
While a city apartment is not a new idea, Sydney’s Astor dates back to 1923, it has only been over the past two decades that CBD living has attracted big numbers of residents.
That growth is going to continue as CBD markets evolve to offer ever more clearly defined precincts, neighbourhoods and project diversity.
And just like other areas spread across a major metropolis these various sub-markets present rich marketing opportunities.
How we label these sub-markets as: villages, neighbourhoods or burrows, does not really matter, but what does matter is what aspects attract buyers. Then over time how the ‘locals’ fashion these areas to create their own rich local communities.
There’s a Lot Going On
Because many of us find ourselves marketing projects in these CBD markets, I wanted to get an appreciation of how buyers are adapting to their new homes, including an impression of how new developments are fitting into the wider goals of city planners and simply, do people enjoy this evolving lifestyle. As a result what can we learn?
I was not setting out to produce any sort of research paper, no the idea was more about a series of personal conversations to get a handle on the experience of buyers. And all the time of course reflecting on the marketing that might have been used to engage these same buyers, as a counter-balance to some of the published statistics I have looked at over the past few weeks.
My first view is that the most shared experiences have a lot in common, and these include location, convenience, design, facilities, views, prestige and the general feeling that there is still some way to go before CBD living ‘matures’. I also have to acknowledge here that all of the buyers I spoke to were in Sydney.
Location
At first glance I suspect that in the widest definition of location it might be seen as a simple point, after all we are talking about the CBD – that’s the location. The question of location is however very complex, there is a vast difference and some distance between many locations in the Sydney CBD or for that matter in Melbourne, Brisbane or the Gold Coast.
Location really has everything to do with position, it’s the place that people see as making up the key benefits of where they live. In the CBD a ‘great position’ is made up of a big list of characteristics, and as the market continues to grow and mature, it is clear that buyers appreciate even the most subtle differences of position/location.
While there were a number of comments from the buyers I spoke to, which included transport, public amenity, a rail link to the airport and access to parks, cafes, shops, restaurants, there was a general feeling that a desirable location had to have, what was frequently referred to as a ‘buzz’ – a feeling of activity, excitement, animation and life.
While I was not really surprised to hear this feedback, what I did find interesting was that some parts of the Sydney CBD failed this test by comparison to an area like Potts Point. It appears that buzz might need time and diversity and community to nurture this important aspect of CBD living.
So I think it’s worth ticking off the reality that you might not visit the Sydney Opera House or Art Gallery of NSW every day, but a choice of coffee shops and a much loved pizza shop count for a lot.
Design – It’s all in the detail
CBD buzz is great it appears, but sooner or later every buyer in my conversations turned their comments to what they liked or did not like about their own apartments, how they were designed and finished and how different building facilities influence where they purchased.
Also over many years I have always collected and stored away in my own mind the varied comments my team and I hear about apartment design. In this area of marketing, design decisions are critical and they need to be because buyers are very much in tune to what they are looking for.
My group of buyers was happy enough with their choices but they did feel there was room to improve the fine details.
But firstly some of the most common factors were storage, ceiling heights, cross ventilation and light, separate living and bedroom zones and how noise could be managed.
There was also general agreement that security was very important, the idea of a low maintenance lifestyle, the ability to lock-up and go away for the weekend or several months was seen as key and somewhat aligned to the possible investment appeal of the apartment and building.
Another design issue that popped up was the design and function of balconies. They need to be a reasonable size – not a football field but also not a window shelf, safe and private enough to use and there are concerns, which I share, about what is sometimes called ‘balcony blight’.
Balcony blight can happen in high rise buildings where because so much glass is used in the balustrade design this restricts privacy and so washing, stored furniture, assorted boxes and exercise equipment are all visible. When spread over 10 or 20 levels of a building this creates a somewhat hectic look.
While I am not suggesting a repeat of the idea that only one type of outdoor furniture should be used, as was notoriously the case with The Republic building in Darlinghurst, a building’s exterior design appeal are important to any buyer or resident.
Design to Meet a Lifestyle Change
During most of the conversations I had with recent buyers, many had experienced a change in lifestyle, while some had moved from an existing apartment, others were experiencing CBD apartment living for the first time.
This was one of the reasons storage was important, along with parking. If you have moved from a larger home adjusting to a smaller space will almost always involve buyers having to transition personal possessions and storage can become an ‘emotional’ issue. It is possible to buy strata car parks and storage, but if these are not in your building it’s very often not a practical option.
Another key design feature that most buyers were looking for, in particular buyers who may have downsized was a zoned interior layout.
Comments like ‘it’s great to have a different area for the grand kids or visitors to use, where they have their own private space’ were a frequent observation.
While this feedback might not be all that surprising I think it is always very valuable from a marketing perspective to keep in mind what buyers want, to remind ourselves that long after the glossy brochures are forgotten – how apartments and buildings function should be our concern.
Next week I will finish off this topic with more interesting buyer feedback.
Peter Chittenden is managing director for residential of <a target="_blank" rel="nofollow" href="https://www.colliers.com.au/Colliers%20Corporate/Residential.aspx">Colliers International.</a>
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The importance of functional design in CBD residential markets: Peter Chittenden

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The former Olympic swimmer Giaan Rooney, and the Channel 7 weather presenter, had her Port Melbourne cottage up for weekend auction.
It is now under contract, athough the agent won't disclose the post-auction negotiations.
The home was tipped to fetch more than $1.08 million when offered through Brett Hallan at Greg Hocking Real Estate Albert Park.
Brett Hallan marketed the weatherboard as "impressively renovated and intelligently extended."
The Victorian terrace has three bedrooms and two bathrooms with an indoor-outdoor focus at the rear.
With polished floors and high ceilings, the main bedroom is upstairs with a walk-in robe and ensuite.
It last traded at $770,000 in 2006.
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Former Olympic swimmer Giaan Rooney secures Port Melbourne cottage offer

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Mike Baird, the NSW Treasurer is working towards an expeditious $700 million plus sale of the Port of Newcastle, appointing advisors to sell the port after foregoing a wider tender process.
The latest addition to Premier Barry O’Farrell’s privatisation plans was announced in the June 18 state budget with legislation passing through the upper house late last Wednesday.
Mike Baird has appointed Morgan Stanley, accountants PwC and law firm Minter Ellison to prepare the scoping study for its  sale.
The move suggests that Baird wants a sale by next June’s state budget, the Australian Financial Review is reporting.
Due to the port’s world number one steaming coal trade status and its potential for further growth, there are suggestions the sale could be as high as $1 billion.
The AFR's Street Talk column says Mike Baird's decision surprised rival investment banks, accountancy and law firms.
But the trio had all previously handled the $5.1 billion Port Botany and Port Kembla sales.
The Port of Newcastle is expected to be offered as a 99-year lease, similar to the terms of Kembla and Botany.
Members of the coal industry, such as Asciano and Adani, may battle with the group of infrastructure investors who fought over Kembla and Botany for the lease to Australia’s largest coal port.
As previously reported in Property Observer, <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/newcastle-port-to-be-sold-off-with-boost-to-local-infrastructure-from-proceeds-nsw-budget/2013061862377">about $340 million of the funds raised will be directed towards revitalising central Newcastle</a>.
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Advisory firms appointed for Port of Newcastle sale 

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Builders of infrastructure – such as roads and buildings – have been hoping for priority listing after submitting plans for works to Infrastructure Australia.
This year, 34 submissions met the body’s priority criteria. They are worth a reported $27 million.
The projects are ranked in order of priority:  from ‘early stage’ to ‘ready to proceed’.  Tax breaks are received by investors whose projects qualify as meeting the priority threshold or are judged ‘ready to proceed’.
NSW, Queensland and Victoria each have 11 projects on the priority lists, WA eight, South Australia four, Tasmania three and the Northern Territory one.
A list of major works includes upgrades for:
Pacific Highway between Sydney and Brisbane
Monash Freeway  and Warrigal Road in Victoria
Great Northern Highway in the Wheatbelt, Leach Highway in East Fremantle and the Pilbara.
Also on the list are:
National Broadband Network
At a threshold level are:
Eastern Busway in Queensland
National Ports Strategy
Below is a full list of submitted projects:
Early stages
Capacity Improvements and Expansion of the Metropolitan Commuter Rail Network (NSW; $795m)
Melton Rail Line Duplication and Electrification (Vic, $1300m)
Gold Coast Rail (Qld SE QLD Mayors; $2,875m)
Hobart: A World Class, Liveable, Waterfront City (Tas; $120m)
North West Sydney Public Transport Strategy – North West Rail Link (NSW; $7,500m - $8,500m)*
South Road (SA $tbc)
South Australia National Managed Motorways Project – South Eastern Freeway, Stirling to Crafers (SA; $4.57m)
Tram Route 86 Demonstration Project, Stages B and C (Vic; $tbc)*
Port Hedland Inner Harbour – Capacity Enhancements (WA; North West Iron Ore Alliance; Hancock; $500 - $1000m)
Transforming the Pilbara: Pilbara Cities (WA; $2900m)*
Port of Hastings (incl. Peninsula Link rail freight corridor) (Vic; $tbc)
Eyre Peninsula Port Proposals (SA, Centrex; $tbc)
Port Botany and Sydney Airport Transport Improvement Plan (NSW; $tbc)*
Northern Sydney Road Freight Access - F3-M2 (NSW; $4,750m – ($2008))
Australian Digital Train Control System (Australasian Railways Association; $20m)
Mount Isa - Townsville Rail Corridor Upgrade (QLD; $333m)
Transcontinental Rail Link - Mildura to Menindee (Mildura Development Corporation; $400m)
Bruce Highway Upgrade Strategy (Qld; $22,500m including Cooroy to Curra)
Bruce Highway - Cooroy to Curra Section A (Qld; $852m)*
Warrego highway Upgrade Strategy – Helidon to Morven (Qld; $670m)*
Tasmanian Rail Revitalisation Program (Tas; $240m)*
Hobart to Launceston Transport Strategy (Tas; $1,662m)*
An Innovation Strategy for Tasmania: Focus on Food Bowl Concept (Tas; $tbc)
 
<hr class="system-pagebreak">
Projects with real potential
Integrating Sydney’s Motorway Network
Melbourne Metro Stage 2 (Vic; tbc)*
Dandenong Rail Capacity (Vic; $tbc)*
Queensland National Managed Motorways – Bruce Highway, Beams Road to Caboolture Road (Qld; $202m)*
Queensland National Managed Motorways – Pacific Motorway, Gateway to Logan (Qld; $4.6m)*
Abbot Point Multi-Purpose Harbour (Qld; $3,300m ($2010 real)
Smart Port ICT (Vic; $16m)
South West (Bunbury) Infrastructure (WA; $605m)
Freight Access to Port of Brisbane Airport - Gateway Motorway North (Qld; $1,159m - $2,710m)
Freight Access to Port of Adelaide - Northern Connector (SA; $1,191m)
Melbourne International Freight Terminal (Vic; $tbc)
Bell Bay Intermodal Expansion Project (Tas; $150m) 
Western Interstate Freight Terminal (Vic; $tbc)
North South Rail Freight Corridors including Northern Sydney Freight (Australian Rail Track Corporation and NSW; $n/a)
Advanced Train Management System (Australian Rail Track Corporation; $500m)
East West Rail Freight Corridor (Australian Rail Track Corporation; $n/a)
Green Triangle Freight Transport Project (SA/Vic; $112m)
East West Link (Vic; $tbc)
Tasmanian Water and Sewerage Reform (Tas; $1000m)
Mid-West Energy – Stage 2 (WA; $280m)  
Threshold
Eastern Busway (Stages 2b and 3) (Qld; $825m)
National Ports Strategy – 30 year plans for ports and landside connections
Oakajee Port (potential equity injection) (WA; c.$4500m ($2010 real)
Darwin East Arm Port Expansion (potential equity injection) (NT; $336m)
National Land Freight Strategy
Tasmanian Water and Sewerage Reform (Tas; $1000m)
Mid-West Energy – Stage 2 (WA; $280m)
Ready to proceed
Brisbane Cross River Rail – core project (Qld; BCR 1.34; $5311m)*
Victorian National Managed Motorways – Monash Freeway, High Street to Warrigal Road (Vic; BCR 11.5; $14.3m)*
Victorian National Managed Motorways – Monash Freeway, Warrigal Road to Clyde Road (Vic; BCR 6.9; $100.7m)
Melbourne Metro Stage 1 (Vic; BCR = 1.3; $tbc)*
Pacific Highway Corridor upgrades (NSW, BCR = 1.5; $6400m ($2010 real))
An infrastructure policy framework is being developed for essential Indigenous infrastructure. As this is progressed, Infrastructure Australia’s Indigenous Infrastructure Sub-Committee will work with stakeholders to identify potential projects.
Infrastructure Australia proposes reforms around planning for water security, independent pricing, competition in bulk supply and consumer choice over levels of reliability
Infrastructure Australia supports proposed reforms to regulatory provisions regarding connection of remote renewable energy generation and electricity transmission connections between states.
National Broadband Network
 
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The 34 Infrastructure Australia projects that might interest property investors: List of the day

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It's not something that Scottie or Keith are likely to rave about, but Property Observer spotted that the The Block Sky High has received its formal strata approval.
The paperwork (pictured) shows the floor layout and unit entitlement at 142 Park Street. Interestingly all units have the same allocation on the strata, so there are no clues as to the actual differences in values that one would think would occur in real life appraisals especially when it came to the highest apartment penthouse.
<img alt="blockstratajuly10one" height="233" width="470" src="/images/stories/2013/07/blockstratajuly10one.jpg">
Other legalistic issues are contained within - all that potential buyers and their solicitors will no doubt be casting an eye over before the July 27 auction.
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The Block Sky High gets strata approval

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Steve Keen recently commented that housing grants are a <a href="/news">“poisoned chalice” that inflate house prices leaving first-home buyers worse off</a>, not better off.
{module Do you agree with Steve Keen that housing grants are a poisoned chalice?}
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