<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

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Joel Robinson

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road 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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The office market in Rockhampton has stabilised, however remains relatively flat, according to the latest report from valuation firm Herron Todd White.
The property valuation firm found, there have been no major office developments in the CBD since the completion of the NAB building in 2012, however there is still a significant vacancy rate and until existing vacancies are absorbed across the CBD, it is unlikely we will see any other major office developments in the immediate term.
However the Council has recently let the contract for the construction of a new art gallery in the CBD on a 2,800 square metre site.
It will require the demolition of existing office buildings which provide about 3,000 to 4,000 square metres of office space.
The report noted, "rentals have been relatively stable over the past 12 to 24 months, however leases that were negotiated some five to ten years ago that are coming to an end are seeing some re-negotiations as the previous rentals are now considered above market."
"Generally speaking, office rentals within the Rockhampton CBD have been ranging from about $225 to $300 per square metre gross. Rentals above $300 per square metre gross are for prime office tenancies only."
"There have been no recent major transactions of office buildings."
"The most recent was the sale of the NAB building which transacted in 2016 for $9.35 million."
"Owner-occupiers remain fairly active in the market, with most activity in the sub- $1 million price bracket."
"Vacant office buildings have been very thinly traded above the $1 million price bracket in recent years."
"With multiple infrastructure projects commencing and in the pipeline, things are looking positive for the office market in Rockhampton in the short to medium term," the report concluded.
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j.ballantyne1990-6AQqhLzZaK

Rockhampton office market left flat: HTW Commercial

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Agents report that conditions within the Gold Coast office market have been slowing for a while now, according to the latest report from property valuation firm Herron Todd White.
The report found, that exacerbating this sentiment in 2019 to date was the Royal Commission into misconduct in the banking, superannuation and financial services industry and the federal government election campaign.
However after a marketplace hiatus over this period (February to May) the impact of these events seems to have well and truly passed and business appears to have moved back into normal mode once again.
The HTW valuers said, "continuation of the low interest rate environment, with rates reducing yet again, is certainly a positive for the market place in a general sense."
"To date in 2019, we have seen settlement of several sizeable office building transactions."
In January: 130 Bundall Road, Bundall. 3,682 square metre lettable area on a 2,226 square metre site at $11 million (source: CoreLogic). 70% occupied and reflecting a WALE of 2.16 years (by income). Passing yield circa 5.43%. Analysed yield 7.34% (with 7.5% PVA). $2,988 per square metre on floor area. Owner-occupier buyer.
In March: Lakeside 1, Bermuda Point, Lot 1101/1 Lake Orr Drive, Varsity Lakes. 6,114 square metres lettable area on a 7,916 square metre site at $25.1 million (source: CoreLogic). Reported as circa 96% occupied and returning a net passing income in the order of $2.285 million. Based on these metrics, passing yield would be in the order of 9% with a lettable floor area rate of circa $4,105 per square metre, although we consider the passing rental level full.
 In May: 169 Varsity Parade, Varsity Lakes. 3,364 square metres lettable area on a 13,000 square metre site at $14 million (source: CoreLogic). Fully leased and reflecting an estimated WALE of 1.38 years (by income). Passing yield circa 8.73%. Analysed yield 6.85% (with 5% PVA). $4,172 per square metre on floor area. Considered a future residential redevelopment site.
In August: Confidential. Circa 2,500 square metres lettable area U/C exceeding $8 million. 95% occupied and reflecting a WALE of 1.5 years (by income). Will reflect a passing yield of circa 7.6%.
HTW valuers said, "several other larger office buildings have also been put to the market place. All have drawn interest from prospective buyers."
"Based on bone fide offers received, interest in the Gold Coast office sector would appear to be holding firm, although our observation is that yields may be softening slightly, to analysed yields ranging from 7.25% to 8%."
"Supply of larger office floor space (1,000 square metres plus) has been hampered on the Gold Coast for some time now due in the main to no new office buildings being developed."
"The lack of new buildings has attracted entrepreneurial investors to older buildings in the Gold Coast’s older established office precincts such as Southport, Bundall and Surfers Paradise," stated the valuers.
The Property Council of Australia July 2019 Office Market Report indicates a total vacancy factor for the Gold Coast of 12.9%.
This is up from 11.6% in their January 2019 report. Leasing agents had noted a tougher first half for 2019, but expect the second half to be better.
The report authors said, "the negative net absorption of -6,850 square metres is attributed to businesses consolidating into smaller premises, etc.
"Overall, we consider the increased level in the Gold Coast vacancy factor may dampen some investors’ views of the Gold Coast office sector, with the result being solidification of slightly higher yields, but on the positive side of the ledger, rental rates appear to be achieving moderate gains."
"So all in all, the bottom line is likely to be retention of asset value levels over the remainder of 2019," they concluded.
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Gold Coast office market shrugs off slowdown: HTW Commercial

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A retail strip property located in Boroondara’s Camberwell shopping precinct has been offered for sale with price expectations exceeding $11 million.
CBRE Melbourne’s Retail Strip Investments team of Rorey James, JJ Heng, Sandro Peluso and Lewis Tong were appointed to market the property for sale in conjunction with Phillip Almeida of Performance Property Advisory.
Located at <a href="https://www.commercialrealestate.com.au/property/620-624-burke-road-camberwell-vic-3124-2015493828" target="_blank">620-624 Burke Road</a>, the two-storey property was once occupied by Australian Unity and has since been a medical associated building for more than two decades.
CBRE’s Mr James said, "the property’s current tenant has no further lease options, opening up the opportunity for developers, owner-occupiers and investors to compete for it.
Featuring a ten-metre frontage to Burke Street with rear access to a large council car park, it's also one of the largest landholdings within the retail strip.
CBRE’s Mr Heng noted that three of CBRE’s four recent Camberwell transactions have involved international Asian purchasers, suggesting the trend is likely to continue with the sale of 620-624 Burke Road.
The 828 sqm property is currently leased to PharmaSave, generating annual net rental revenue of $617,733 (after land tax) with potential to generate additional income from 262 sqm of unused space.
620-624 Burke Road was offered to market via an international expressions of interest campaign which closed August 28, 2019.
Offers are currently under review.
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Camberwell retail property tipped for $11 million plus sale

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The Indooroopilly Bowls Club has finally sold for $1.3 million, four years on from it's closure following an ongoing strata struggle.
The buyers, two local families, purchased the 4,507 sqm property and it will become known as Indooroopilly Greens designed to be a "destination hub nown for quality, passion and community when it comes to health, movement, fitness and food."
Situated at 101 Clarence Road the anchor tenant is Fitter Futures a kid and teen focused movement training facility which is expanding to include adult programmes.
The sale of the property was negotiated by Adam Willmore of Knight Frank, who was appointed by liquidators Morgan Lane and Michael Griffin from Worrells Solvency and Forensic Accountants.
Mr Willmore said he had received well over 100 enquiries from buyers with wide-ranging uses for the property over the four years he had been marketing it.
He said, "it has been a long and difficult process to get to this point where the property will be sold,” the site is essentially one strata unit that is part of the Body Corporate that also governs the 134 residential apartments on the Clarence Road property."
"As such, any incoming buyer needed to obtain body corporate approvals if they wanted to operate anything other than a bowls club."
“Unfortunately there were no club operators interested in the property at an acceptable price level and the majority of the interest in the property was from buyers with alternate uses in mind.”
Mr Willmore said the bowling greens were also zoned Sports and Recreation and sit above basement carparking so there was no development potential in the site.
“We previously had it under contract a number of times to buyers wanting to purchase it for other uses including childcare but the body corporate did not support these buyers’ use for the property,” he added.
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Indooroopilly Bowls Club sold after lengthy strata struggle

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Retail builder Mainbrace Constructions has been appointed by development manager DMA Partners and owner JMK Retail to construct the new Yamanto Central retail development.
Located in the Ipswich suburb of Yamanto, the Yamato Central development looks to create over 500 jobs during construction.
Set to be anchored by a Coles supermarket and Kmart, the new Yamanto Central will house about 50 stores over 20,000 sqm.
Local infrastructure upgrades including extensive roadworks are a key component of the project, providing access improvements to the centre. 
Yamanto Central will include on car parking for 750 cars.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/YTC_Cam7_External.jpg" alt="">
Mainbrace’s involvement in the greenfield project south west of Brisbane and in the high growth area of Ipswich, adjacent to Amberley air base, began in 2017.
The company worked with DMA Partners and JMK Retail in an Early Contractor Involvement (ECI) capacity to ensure the concept design is build-ready and within budget.
“The new Yamanto Central will be a state-of-the-art shopping destination which will serve a vital function in the growing local community,” Mainbrace QLD State Manager Duncan McAndrew said.
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Mainbrace has recently signed nearly $90 million of new retail work in the state, with new projects for Charter Hall at Atherton, a new food store at Indooroopilly, Home Co at Springfield and the re-purposing of a former Masters bulky goods property at Everton Park.
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Retail builder Mainbrace appointed to construct Ipswich's Yamanto Central

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A two store commercial strip investment at Richmond is set for an october auction 
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Located at 142 Bridge Road between Lennox Street and Wustemenn Place, the property comprises a 135 sqm, two level, Edwardian style building. 
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Previously operated as a restaurant, the ground floor comprises a dining area and commercial kitchen and on the first floor mezzanine, a function area.
It also benefits from first floor storage/office space and a rear courtyard. 
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The Commercial 1 zoned site has just under five metres frontage to Bridge Road and secondary access via a laneway at the rear to parking. 
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Teska Carson’s Fergus Evans and Adrian Boutsakis have the listing.  
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"This property will have enormous appeal to investors and owner-occupiers with its close proximity to the $350 million Epworth Hospital redevelopment along with several new developments due for completion in 2020/2021, and on one of Melbourne’s best known and most popular retail strips,’’ Mr Evans said.  
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Mr Boutsakis said the area had enjoyed commercial and residential development in recent years driven by population growth and the first rate amenity in close proximity to the CBD.  
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He said the location also benefitted from excellent public transport, recreational facilities and close proximity to major arterial routes.
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The property will be auctioned on Friday, October 11. 
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Edwardian style Richmond Hill retail building on market

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A landmark building within South Melbourne's office precinct has been listed for sale.
The property, which neighbours Australian Unity’s Albert Road building, is expected to generate interest upwards of $15 million. 
Situated at 71-73 Palmerston Crescent, it offers 4,528 sqm across five levels including 40 basement and ground level car parks.
Servicing the five levels of office tenants and surrounding office and residential buildings is a ground floor café.  
“This landmark freehold is expected to generate significant interest from a diverse range of local and offshore groups due to its premium location, flexibility of future use and the surge in sentiment following the Federal Election and recent changes in fiscal policy,” Mr Wolman said. 
“There are very few remaining opportunities of this scale within the South Melbourne office precinct, as properties of this nature very rarely come to market."
Strategically located in the middle of the Domain and Albert Park precincts, Mr Stagg said the surrounding area remained one of the most popular locations in Melbourne for commercial tenants due to its convenience and accessibility to the CBD. 
Colliers International’s Daniel Wolman, Matt Stagg and Oliver Hay have the listing. 
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South Melbourne office landmark listed with $15 million expectations

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Peppers Airlie Beach, a resort hotel with ocean views in Whitsundays, Queensland has hit the market.  
It has been offered for sale via an expressions of interest campaign by Wayne Bunz and Hayley Manvell from CBRE Hotels. 
Situated on 1.8 ha, Peppers Airlie Beach at 9A Hermitage Drive, Airlie Beach comprises 59 freehold 1-5 bedroom apartments and villa ranging in size from 79-341sqm. 
The resort facilities include restaurant, bar, infinity swimming pool and gym.  
Other features include Management Letting Rights for up to 106 units in the complex plus the on-site manger's Lot. 
Opened in 2009, the 4.5 star hotel has been operated by Accor under the Peppers brand with vacant possession available.
Expressions of Interest close October 17, 2019
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Peppers Airlie Beach hotel in Whitsundays listed

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Two shops in the South Melbourne Clarendon Centre have been successfully leased, a restaurant and a medical centre.
Max Tsang of Mahjong, on St Kilda’s Fitzroy Street, has leased the 39 sqm space within the Clarendon Centre in South Melbourne, for his new dining venture Miss China.
Fitzroys Associate Director, James Lockwood negotiated the six-year lease for the corner shop at G08, 265 Clarendon Street (pictured above) at $65,000 per annum, equating to $1,666 per sqm.
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Another deal Lockwood has secured in the Clarendon Centre was to a new medical centre another on the ground floor opposite Coles supermarket.
Lockwood negotiated the eight-year deal at $150,000 per annum with CityMed Medical Centre. 
A doctor and practice manager, also with existing operations in St Kilda, will be opening their own centre with up to six practitioners.
Lockwood is also currently marketing a first floor space for lease, G20, targeting medical services such as dentists and allied health to complement the new GP clinic.
The Clarendon Centre leases were handled on behalf of Clarendon Property Group.
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Two South Melbourne Clarendon Centre shops leased 

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A corner property on Parramatta’s Eat Street has been listed for sale via expressions of interest. 
The property at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLeGnfqPgIdmzmVW8USMH2yRIkL23sKlvcw9AAv2bvY52GmBAZy16vj3OSgJ7v29V6WvzE2bcX8EecEgcBzPkYRCJ2WreT47NtAr02Xr1HIm70=&amp;rh=ff0051a2b69f54d238f15b7bea4681f7c61e9982" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">302 Church Street</a> has been fully let to eight tenants over a total net lettable area of 1,001sqm. 
It boasts three street frontages with high exposure to Church Street and Phillip Street.
Managing Director Peter Vines, Director Joseph Assaf and Associate Director Victor Sheu of Ray White Commercial NSW – Western Sydney have the listing.
Mr Vines said Parramatta’s Eat Street had for years offered Sydneysiders a rich mix of dining, cultural entertainment, retail, nightlife and leisure experiences.
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“The current passing income of the eight tenants sits at $754,390 with potential to increase, with long-term tenants such as Coco Cubano occupying the space," Mr Vines said.    Mr Assaf said Parramatta was at the geographical centre of Sydney and was a focus for employment, housing, recreation and cultural opportunities, with its major revitalisation key
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/16/Digital%20Images%20In%20Design%20Mark%20Ups3.jpg" alt="">   Mr Sheu said on the corner of Church and Phillip Street, ‘302 Church’ occupied a position at the heart of Eat Street. 
“Retail and commercial tenants will rush to service this demand, bent on capitalising on a strong base of consumers spanning from the daily office lunch crowd to the ever-growing residential population in Parramatta CBD," Mr Sheu said.    Expressions of interest close on October 9.
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