<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.

[smartcode_project:default project_id=140747 project_image_fid=367540]

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.

[smartcode_project:default project_id=140747 project_image_fid=367529]

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.

[smartcode_project_cta:default project_id=140747]

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.

[smartcode_project:default project_id=509 project_image_fid=365684]

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;

[smartcode_project:default project_id=509 project_image_fid=365687]

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.

[smartcode_project:default project_id=509 project_image_fid=365689]

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.

[smartcode_project_cta:default project_id=509]

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.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

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.

[smartcode_project_cta:default project_id=110588]

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 retail premises of of Lorna Jane on Hastings Street, Noosa Heads has been sold.
The $5.06 million sale was negotiated by CBRE’s Brendan Robins and Ryan Parry on behalf of the vendor, a private NSW based investor.
Mr Robins said, “the offers to purchase campaign attracted over 30 enquiries from qualified investors, with the sale price translating to a yield of 5.25% and a rate of $44,779 per square metre.”
With an NLA of 113sqm, Shop 1 at 55 Hastings Street, Noosa Heads is leased to Lorna Jane Pty until August 2022 with a five-year option and has a net rental income of $265,533 after land tax deductions.
Featuring a 9 metre frontage to Hastings Street, it also has 2 car spaces. 
In 2007, Mr Robins managed the sale of the same property, then tenanted by Hugo Boss, for $4.65 million.
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Lorna Jane retails premises on Hastings Street, Noosa sold for $5.06 million

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The State Taxation Acts Amendment Bill 2019 which seeks to extend the tax on development agreements was introduced into the Victorian Parliament this week.
The Bill contains a major change to the ‘economic entitlement’ provisions of the Victorian Duties Act 2000 that will have a significant and adverse impact on many property developers and the property market more generally, according to tax lawyers.
The Victorian government will seek to boost its slumping stamp duty receipts by extending the tax on development agreements.
It will no longer let developers avoid paying stamp duty by entering into an agreement with the landowner to develop a site without actually purchasing the land.
Many standard development arrangements that are not caught by the current duty rules will be subject to duty under the new provisions, Craig Whatman at Pitcher Partners says.
"This major change was not announced by the Treasurer and is not directly referred to in the Budget papers, despite the change effectively creating a new head of duty liability under which significantly more development arrangements will be subject to duty," he said.
Pitcher Partners is currently working with the Property Council to discuss the impact of these proposed changes on the development industry and the market more generally with both the Government and the Opposition.
The Duties Act 2000 currently contains complex ‘economic entitlement’ rules within its landholder duty provisions, which can apply to development agreements entered into between a private landholder (company or unit trust) and a developer. These rules are unique to Victoria.
Under a typical development agreement, the developer will be entitled to charge the landowner for the development costs incurred and might be entitled to a margin on those costs and/or a share of the profit derived from the development.
The profit component of the developer’s remuneration falls within the definition of ‘economic entitlement’. That definition also includes participation in the dividends or income of the landholder, participation in the income or rents derived from the land holdings of the landholder, or participation in the capital growth or proceeds of sale of the land holdings.
Under the current rules, provided the total economic entitlement(s) of the developer equate to an interest of less than 50%, duty is generally not payable on the arrangement.
For example, if a development agreement entitles a developer to recover the development costs incurred plus receive a 45% share of the profit derived from the development, the developer should be able to proceed without paying duty on the arrangement under the development agreement.
The Bill almost completely re-writes the economic entitlement provisions.
A new set of economic entitlement rules will be introduced into the transfer duty provisions, which will dramatically broaden the duty net and result in a wider range of land development arrangements being subject to duty.
The key change is the removal of the 50% threshold for the interest acquired under the economic entitlement(s).
Taking the example above (where a developer enters into a development agreement under which they are entitled to a reimbursement of development costs plus a 45% share of the profit), if the value of the relevant land is $30M, the developer will now be faced with a duty liability of at least $742,000, which could increase to $1.65M if they are deemed to acquire a 100% beneficial interest in the land.
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Victorian Treasurer seeks to close property developer stamp duty loophole

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<div>EXPERT OBSERVER</div>
<div> </div>
<div>With the blindingly obvious caveat that an index doesn't denote anything meaningful for individual properties, metropolitan housing prices are now rising again. </div>
<div> </div>
<div>Sydney and Melbourne home values both rose over the week for the first time since all the way back in 2017, with a 0.3 per cent gain for Sydney, and a marginal increase in Melbourne. </div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-8aKda9WEHZw/XOzUrFfUKCI/AAAAAAAAwPY/bVa47XyYWFE9z_9Ok9_shvSS0oifxwaDgCLcBGAs/s640/NAB.jpg" width="640" height="424" data-original-height="488" data-original-width="735"></div>
<div class="separator"> </div>
<div>
Commonwealth Bank CEO Matt Comyn reported the largest volume of loan applications in six months this week, now that the looming threat of wholesale changes to taxation has been extinguished.  Whether or not those loans are approved on a timely basis...let's see. 
</div>
<div> </div>
<div>
The bottom's been 'n' gone in the established housing market, but new dwelling markets still have a long way to clear. 
</div>
<div> </div>
<div>It was interesting to note during the downturn phase that all those old real estate clichés about there 'always' being a level of competition for A-grade stock did to a large extent hold true.</div>
<div> </div>
<div>In saying that, some investors still got battered by paying wildly inflated prices during the frenzied peak, or through overcapitalising. </div>
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>. 
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The property rebound is on: Pete Wargent

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The Zagame family has sold the Woolworths-anchored Yarra Junction shopping centre in the Yarra Valley.
It has sold for about $19 million to interests associated with Ari Herszberg and Sam Herszberg, Nine Entertainment reported.
The 3500-square-metre neighbourhood centre stands on an 8188 sq m site at the 2450 Warburton Highway location.
It was first put up for sale in October last year expecting to capitalise on a recent population surge in the outer eastern town.
The Woolworths anchored neighbourhood centre’s 11 specialty stores include an optometrist, bakery, chemist, and Bendigo Bank, which, together with the Woolworths store, returning circa $1.24 million per annum net. 
It has 100 percent occupancy from non-discretionary retailers.
CBRE agents Justin Dowers and Mark Wizel signalled $20 million hopes for the centre that had a strong trading history for over 25 years, and has continued to benefit from a consistent growth tourism within the Yarra Valley Region.
"There is a clear opportunity to add value to this centre," they said, adding it was "very well placed to benefit from any capital investment." 
<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/2018/10/22/Yarra%20Junction%202.jpg" alt=""> 
Based on the annual rental return of $1.3 million, the registered vendor, Zagame Yarra Junction Pty Ltd, was seeking to offload Yarra Junction on a passing yield of around 6.5 per cent.
It is understood the sale of Yarra Junction was brokered by Stuart Taylor and Tom Noonan of JLL.
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Ari and Sam Herszberg behind Yarra Junction shopping centre buy

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The petrol station market is set to see 186 projects completed in 2019, despite continued headwinds about electric vehicles entering the mainstream private car market. 
A new CBRE market review found Queensland would lead the way with 58 new petrol stations followed by Victoria with 43 and New South Wales with 38.
CBRE’s petrol station specialist Joseph Du Rieu acknowledged that an increase in supply of this magnitude would typically result in reduced pressure on prices, however, given these developments were being staggered, pricing had either remained steady or slightly in favour of vendors. 
“The number of new projects coming online reflects the confidence major companies have in the sector, where they typically look to enter into 15-year leases – resonating with the investor market,” explained Mr Du Rieu.  
CBRE’s recent transaction of a new 7-Eleven service station in Werribee (top), which sold for $5.93 million to a private Melbourne based investor on a yield of 5.04%, further highlights this trend. 
The newly built service station, which features a 15-year net lease with fixed annual increases, attracted both domestic and international buyers. 
Du Rieu noted that CBRE was continuing to field strong demand from both private and institutional investors for petrol station assets.
 
<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/2019/5/29/Petrol3.jpg" alt="">
“Given the growth, security and prominence of these landholdings, and the modern technology around the environmental aspect, as investors look to the future of the market they are recognising the alternative retail and commercial value of these sites,” Mr Du Rieu said. 
Private cars continue to be the most popular means of transport in Australia, with 66.1% of Australians either driving to work or being a passenger in a private car – an increase from 65% in 2011. 
While the proportion of electric vehicles in production in Australia is expected to reach 50% by the 2030s, translating to less than 14% of cars being electric, there will be a continued need for petrol filling stations into the future. 
However, the increase in electric vehicle production has been enough to see a shift in the way major energy companies are operating, with Shell being one of the first to make a move.  
In the past 12-months, Shell has installed fast charging terminals at 80 Shell petrol stations across the UK, Netherlands and China, offering a Shell Recharge service that charges an electric vehicle in just 30 minutes.  
“With potential for the implementation of fast charging services in future Australian petrol stations, it is likely that operators will continue to grow their retail offering and build on the services they provide customers while they charge their cars.” 
Close to $40 million of petrol station investments sold across Australia in Q1, with tier one tenancies like Coles Express and 7-Eleven resulting in strong yields of less than 6% for assets in strong inner metropolitan locations with attractive underlying land components. 
 
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jonathanchancellor-7SQnKwU6yx

Pumping petrol station market to see 186 projects completed in 2019

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Savills are set to list The Premium Inner City Portfolio, four premium high profile assets in Sydney's Chippendale, Darlinghurst and Ultimo.
The four commercial buildings, offered in one line or separately, have the income potential of around $10 million per annum when all fully leased.
The portfolio is dominated by space near Broadway, with two buildings in Chippendale and one bordering Chippendale and Ultimo.
The biggest is 55-59 Regent Street in Chippendale (main picture) which has 4,100 sqm of net lettable area (NLA) of office space on a 2.34 year weighted average lease expiry (WALE).
Nearby is 8-14 Broadway, currently The Posh Hotel (below), also comprises 320 sqm of NLA retail space. The Posh Hotel has 32 hotel rooms across four levels with a WALE of 4.25 years.
The building last sold for $3.41 million in 2006.
<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/2019/5/29/POSH.jpg" alt="">
On the same street, but classed as Ultimo, is 137-145 Broadway (below).
The building has two levels of accomodation above a 550 sqm retail space on a 2.81 year WALE.
It last traded for $3 million in 2008.
<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/2019/5/29/Broadway%20Ultimo.jpg" alt="">
The final piece of the portfolio is further afield in Darlinghurst (below), the smallest building which is currently the 16 room Sydney Boutique Hotel.
The building at 114 Darlinghurst Road has 190 sqm of ground floor retail.
It last sold for $5,715,000 in 2016.
<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/2019/5/29/Darlo-Boutique.jpg" alt="">
Savills Australia's Tom Tuxworth, who is marketing the properties with David Hickey, Jordan Lee and Nick Lower, said beyond each asset’s outstanding location, the properties offer a strong diversified income stream.
“The portfolio lends itself to the opportunity to add value through repositioning, redevelopment and/or re-leasing as expiries arise capitalising on leasing demand strong market conditions”. 
The Sydney City Fringe is an extremely tightly held market, with only two commercial assets trading thus far in 2019 over $15m.
“The significant investment into infrastructure with projects underway in Sydney's City Fringe such as; The Central station re-development, Sydney light rail &amp; Sydney Metro will ensure better connectivity and amenity for tenants and occupiers, giving security of demand providing buyers with risk-averse investments.
Tuxworth said investors and owner-occupiers are drawn to the convenient nature of these locations and the surrounding premium amenity that it provides, resulting in excellent hotel occupancy rates and record high office rental returns coupled with sub 3.00% vacancy (Dec-18).
Recent projects, like Frasers Central Park has brought a new found retail activation and an abundance of amenity to the surrounding area.
“Despite some previous stigmas, the city fringe has established itself as one of Sydney’s fastest growing markets for high-rise developments and has seen extraordinary year on year rental and capital growth," Tuxworth said.
"For many years, the Sydney City Fringe has been a home for local investment groups, however, more recently has seen a strong following from buyers out of South East Asia and different parts of the Middle East and China.
 
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jrobinson-rf4aSBido9

Premium inner Sydney portfolio listed for $120 million through Savills

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A Toorak retail premises that is currently occupied by Bakers Delight and NewsXpress has been listed for sale.
The 255 sqm, two level building at 479 and 479A Toorak Road is divided in to two tenancies.
NewsXpress fronts Toorak Road, while Bakers Delight occupies the rear of the building.
The two current tenants provide a returning total income of $167,116 per annum.
Set between Wallace Avenue and Grange Road, the double-fronted building sits in 205 sqm with nearly six metre frontage to Toorak Road and Jackson Street carpark.
Teksa Carson agents Fergus Evans and Michael Ludski are marketing the property for a June 21 auction.
<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/2019/5/29/Toorak2.jpg" alt="">
Evans says Toorak Road is arguably one of Melbourne's most coveted retail shopping strips.
"It really is a prestigious, blue-chip, location that doesn’t offer assets of this calibre to the market very often and as such it will undoubtedly attract the attention of astute retail strip investors,’’ Evans said.
Ludski said the strip retail market had prospered recently and continued to attract attention from small investors despite the headwinds facing some sectors of the market.
"The ongoing strength of the market is about the traditional popularity of this asset class for smaller investor, as well as the increase in demand for this type of property as investors drift away from a somewhat troubled residential sector.
"We are also seeing an uptick in interest from buyers financed off-shore and a more nuanced attitude to investment particularly from buyers looking longer term and particularly around any potential for development upside,’’ Mr Ludski said.
 
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Tudor-style Toorak home of NewsXpress and Bakers Delight for sale

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GUEST OBSERVATION
Growing numbers of Australians are <a href="https://theconversation.com/moving-on-from-home-ownership-for-generation-rent-71628" target="_blank">locked out of home ownership</a> or struggling in insecure and <a href="https://www.anglicare.asn.au/our-work/research-reports/the-rental-affordability-snapshot" target="_blank">unaffordable private rental</a> markets. There are concerns about <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780" target="_blank">home owners drowning in debt</a>. And for lower-income earners, high housing costs mean that paying for food, energy bills and health costs is an ongoing challenge.
It is time for a new way of talking about housing in Australia. The housing crisis is quickly turning into a crisis of care.
We call on the newly re-elected Morrison government and new Housing Minister Michael Sukkar to recognise that the value of housing is not just economic. Housing is an infrastructure of care. Australian governments need to ask: is this a housing system that cares?
A location for essential care
Houses are hubs of care practices and relations. They are places of everyday care, of cooking, cleaning and washing, of care between household and family members. Houses are where we care for children, elders, partners and ourselves.
Houses are also anchors for community and neighbourhood-based care. We keep an eye on neighbours’ homes, support older neighbours to <a href="https://theconversation.com/for-australians-to-have-the-choice-of-growing-old-at-home-here-is-what-needs-to-change-91488" target="_blank">age in place</a>, and care for pets.
This care work is what keeps us alive.
Even though care is not always done well, it is an essential practice that is connected in fundamental ways with housing. Without housing it can be very difficult to meet basic needs.
The care work of housing
But housing is more than just a place where care takes place. Housing systems – through housing policy, markets and design – organise the distribution of care and the ability of people to give and receive care.
<a href="https://www.tandfonline.com/doi/abs/10.1080/02673037.2019.1612038" target="_blank">In our research</a> this drives us to ask: how does the housing system support or limit the capacity of households to care?
We argue that housing is a care infrastructure and call for this understanding of housing to be at the centre of housing reform.
Home owners benefit
In Australia we value housing as an individual investment and asset. The <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/pdf/10.1111/geoj.12213" target="_blank">economic values of housing</a> (how much we can buy, sell or otherwise leverage housing for) are at the heart of how housing is usually discussed.
For affluent households housing markets can work very well as a care infrastructure. This is because these households can more readily afford housing that meets household care needs. They are also more able to invest in housing to cover the costs of care in later life and to support the needs and ambitions of children. For home owners housing is a private welfare net for funding care needs.
Australian housing and related policies create and reinforce the value of home ownership. Subsidies for first home owners, the proposed First Home Loan Deposit Scheme (<a href="https://www.liberal.org.au/latest-news/2019/05/26/ministry" target="_blank">which will be a focus of efforts by the new housing minister)</a>, preferential treatment for owner occupation in pension tests and tax breaks for investor landlords underpin the value of home ownership as an infrastructure of care.
However, for the growing numbers of households not in a position to own a home the picture is less rosy. In many cases housing becomes an infrastructure that inhibits access to necessary care. As <a href="https://theconversation.com/home-ownership-foundations-are-being-shaken-and-the-impacts-will-be-felt-far-and-wide-91664" target="_blank">increasing numbers of households rent for longer periods</a>, we risk a housing system that only cares for some.
Housing affordability
Housing affordability is a central concern. Lower income earners have less ability to choose to live in places that are well serviced or where family-based care networks are located. Less affluent areas often have <a href="https://theconversation.com/down-and-out-in-australia-the-new-way-to-define-poverty-1812" target="_blank">less access</a> to public and private care services like doctors and other specialists.
Housing affordability also shapes the ability to afford other care resources like quality food and electricity. Households that face high housing costs are often forced to compromise in these areas.
In <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/full/10.1111/tran.12306" target="_blank">Emma’s</a> and <a href="https://theconversation.com/hunger-in-the-lucky-country-charities-step-in-where-government-fails-90017" target="_blank">other</a> <a href="https://www.publish.csiro.au/book/7269/" target="_blank">related research</a> older retirees in the private rental market depended on local food charities for nutritious food. And in winter they restricted their use of heating to avoid bill blow-outs.
There are also connections between paid work, caring capacity and housing affordability. High-cost housing markets can drive people to work longer hours and multiple jobs, or require multiple income earners within a household. This can reduce the ability of individuals and households to meet domestic care responsibilities.
<h2>Tenure and care</h2>
Non-home owners also face restrictions around their use of private rental properties. For a start, <a href="https://theconversation.com/rental-insecurity-why-fixed-long-term-leases-arent-the-answer-73114" target="_blank">rental housing is notoriously insecure</a>. There are also <a href="https://theconversation.com/for-renters-making-housing-more-affordable-is-just-the-start-76263" target="_blank">restrictions</a> on the ability of renters to make a house into a home.
Private rental legislation typically does not require landlords to agree to property modifications to meet the needs of a person with disability or ageing body, even when tenant-funded.
Women in <a href="https://rgs-ibg.onlinelibrary.wiley.com/doi/full/10.1111/tran.12306">Emma’s research</a> reported losing bonds to cover costs associated with removing modifications that had been agreed to during a tenancy. In <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/1745-5871.12058">Kathy’s research</a>, the fear of eviction meant private renters found it difficult to ask for and be granted repairs that would make their homes habitable. They endured leaking roofs and mouldy walls that made housing unsuitable for meeting basic care needs.
Such policies reinforce the value of owned homes as powerful care infrastructures for home owners, while undermining the caring capacity of households that don’t own their homes. While social housing <a href="https://search.informit.com.au/fullText;dn=763478754874546;res=IELHSS" target="_blank">enhances the caring capacity of many households</a>, social housing is <a href="https://theconversation.com/australia-needs-to-reboot-affordable-housing-funding-not-scrap-it-72861" target="_blank">chronically underfunded and undersupplied</a>.
Diversity helps meet different needs
As growing numbers of households find themselves locked out of home ownership and face difficulties securing affordable housing in our <a href="https://www.anglicare.org.au/about-us/research-advocacy/advocacy/rental-affordability-snapshot/" target="_blank">expensive private rental markets</a>, Australia badly needs housing reform.
The care work of housing must be at the centre of housing policy. The new government and minister for housing must ask: first, is this a housing system that cares? And, second, who does this housing system care for?
Historically, this question has been answered with calls to increase home ownership. But there is value in a diverse housing system because different households have different needs.
Further, those who invest in housing are dependent on the people who will rent that housing. These people in turn have the right – and need – for housing that supports their care needs. Affordable housing is only the starting point.<img src="https://counter.theconversation.com/content/117311/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/emma-power-250930" target="_blank">Emma Power</a>, Senior Research Fellow, Geography and Urban Studies, <a href="http://theconversation.com/institutions/western-sydney-university-1092" target="_blank">Western Sydney University</a> and <a href="https://theconversation.com/profiles/kathleen-mee-739854" target="_blank">Kathleen Mee</a>, Associate Professor of Geography, <a href="http://theconversation.com/institutions/university-of-newcastle-1060" target="_blank">University of Newcastle</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/is-this-a-housing-system-that-cares-thats-the-question-for-australians-and-their-new-government-117311" target="_blank">original article</a>.
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Is this a housing system that cares? That’s the question for Australians and their new government

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GUEST OBSERVER
Established migrant communities in regional and rural areas are often ignored in favour of policies focused on attracting new intakes of skilled migrants. A striking example is the <a href="http://www.devpolicy.org/pacific-farmworkers-in-australia-20180206/" target="_blank">substantial population of Pacific Islanders in horticultural areas in Australia</a>.
They are largely unacknowledged or even invisible to policymakers in Canberra. Their working-age children now struggle to move beyond the seasonal, precarious horticultural work their parents do. Appropriate supports could help them increase their skills and make a valuable contribution to the rural economy.
Since the mid-1990s, the Australian government has tried to tackle problems on two fronts – congestion in urban areas, and population decline and associated labour shortages in rural areas – through diverse migration schemes.
In March this year the Morrison government launched a <a href="https://www.pm.gov.au/media/plan-australias-future-population" target="_blank">plan for Australia’s future population</a>. It emphasised skilled migration as a means of “ensuring regional communities are given a much-needed boost”. The plan includes new regional visas for skilled workers and scholarships for domestic and international students to study in regional tertiary institutions.
A neglected community
The rhetoric around settling people in regional areas tends to neglect the untapped potential of migrant populations that already live there. <a href="https://www.latrobe.edu.au/social-inquiry/research/current-research-projects/pacific-islanders-in-regional-victoria-visitors-migrants-and-overstayers" target="_blank">Our research in the Sunraysia region</a> shows Pacific people have been largely trapped in seasonal farm work since they began moving there in the 1980s.
The government’s lack of acknowledgement of these established communities was evident in its planning and introduction of the <a href="https://www.jobs.gov.au/seasonal-worker-programme" target="_blank">Seasonal Worker Program</a>. Their potential to provide pastoral care for temporary workers from the Pacific islands was neglected. In both the <a href="https://docs.jobs.gov.au/system/files/doc/other/pswps_-_final_evaluation_report.pdf" target="_blank">2011 final evaluation of the Pacific Seasonal Worker Pilot Scheme</a> and the <a href="https://www.aph.gov.au/%7E/media/02%20Parliamentary%20Business/24%20Committees/244%20Joint%20Committees/Migration/Seasonal%20Worker%20Program/Report/Full%20report.pdf?la=en" target="_blank">2016 report of the parliamentary inquiry into the Seasonal Worker Program</a> this is seen as the responsibility of approved employers.
However, such “official” pastoral care is insufficient. We have found settled communities are supporting workers in getting health care and often provide them with food and other supplies.
<a href="https://images.theconversation.com/files/276259/original/file-20190524-187179-1vjwm30.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/276259/original/file-20190524-187179-1vjwm30.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Pacific people are active members of churches in regional Victoria and provide pastoral care to members of their community. Author provided
But the government has seen the settlers in negative terms, as potentially encouraging Pacific people employed through the Seasonal Worker Program to overstay their visas. This claim was made, for instance, in a 2016 call for expressions of interest in research for the <a href="https://www.cardno.com/projects/labour-mobility-assistance-program-lmap/" target="_blank">Labour Mobility Assistance Program</a>.
Rather than relying only on bringing in new waves of skilled migrants, <a href="https://theconversation.com/forcing-immigrants-to-work-in-regional-areas-will-not-boost-regional-economies-in-the-long-run-96852" target="_blank">most of whom stay for the required period then move to the cities</a>, why not focus on resolving structural problems and increasing the skills of those who already live there? This would mean tackling the barriers the local Pacific populations face, including their relative invisibility in regional communities.
In regional Australia, social services are directed mainly to new migrant and refugee arrivals, as well as Indigenous Australians. Some of our Pacific research participants said their communities’ needs remain largely unmet. A Tongan community leader we interviewed in Mildura raised two questions that prevent Pacific people from accessing support in Sunraysia: “Are you a refugee? Are you an Indigenous [person]?”
A high school principal echoed this point. She knew who to contact when she needed support for Koorie students or students from a “Muslim background”, but eligibility criteria often excluded Pacific youth from these services.
Many Pacific young people in Sunraysia express a strong desire to remain in their home towns, yet feel they face significant barriers to entering the workforce.
<a href="https://images.theconversation.com/files/276256/original/file-20190524-187189-nv8hmg.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/276256/original/file-20190524-187189-nv8hmg.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Pacific youth in Sunraysia who attended our workshop in 2017 brainstormed the advantages and disadvantages of living in regional and urban areas. Author provided
Their teachers confirm that Pacific youth are less likely to be considered for apprenticeships. They need targeted programs to ensure they get skills training that will broaden their employment opportunities.
Yet their <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2014-05-14/an-pacific-islanders-missing-out-on-tertiary-education2c-study/5453382" target="_blank">rates of participation in TAFE and university are low</a>. This is partly due to their lack of knowledge about their options.
In a workshop with teachers they also told us some Pacific students come to high school with insufficient literacy and numeracy skills. Early support could have overcome this problem.
The problems are structural
Much of the debate about employment relies on the idea of individual empowerment, which assumes academic achievement leads to skilled work. However, <a href="https://theconversation.com/youth-unemployment-local-communities-essential-for-helping-young-people-find-work-56673" target="_blank">David Farrugia argues</a> that youth unemployment rates will not decline without overcoming structural problems in regional Australia.
An example of these problems in Sunraysia is that some local industries that give workers stable hourly rates <a href="https://www.theguardian.com/australia-news/2018/apr/02/pacific-workers-not-backpackers-should-do-australias-regional-work-world-bank" target="_blank">prefer to employ working holidaymakers or backpackers</a>. This leads migrants and second-generation youth to work in more precarious piece-rate farm jobs. The local advocacy body for employing settled workers told us the preference for working holidaymakers is linked to their connections with other industries such as accommodation providers that benefit from this transient population.
Despite being born and raised locally, and in many cases being Australian citizens, Pacific youth experience significant discrimination and marginalisation. Like their parents’ generation they are <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/radio-australia/programs/pacificbeat/pacific-islanders-in-rural-australia-struggling-to/8693102" target="_blank">stigmatised as “fruit pickers”</a>.
Many of them come to see farm work as the only option if they stay in the area. And even that is becoming increasingly precarious because they have to compete with temporary workers, such as those in the Seasonal Worker Program, working holidaymakers and irregular migrants.
Enabling the full participation of Pacific youth in more stable and skilled employment would contribute to the regional economy and improve social cohesion. But the policy focus is still on how to bring in new migrants. Population planning needs to have a long-term perspective and for regional areas a focus on the needs of the well-established migrant populations is crucial.
Dean Wickham, executive officer of <a href="http://www.smeccinc.org" target="_blank">Sunraysia Mallee Ethnic Communities Council</a>, contributed to our research project and writing this article.<img src="https://counter.theconversation.com/content/116277/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/makiko-nishitani-435963" target="_blank">Makiko Nishitani</a>, Lecturer, <a href="http://theconversation.com/institutions/la-trobe-university-842" target="_blank">La Trobe University</a> and <a href="https://theconversation.com/profiles/helen-lee-730364" target="_blank">Helen Lee</a>, Professor of Anthropology, <a href="http://theconversation.com/institutions/la-trobe-university-842" target="_blank">La Trobe University</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/the-forgotten-people-in-australias-regional-settlement-policy-are-pacific-islander-residents-116277" target="_blank">original article</a>.
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The forgotten people in Australia’s regional settlement policy are Pacific Islander residents

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Two adjoining commercial premises on Woollahra's iconic Queen Street strip have been listed for sale.
There have only been two sales on Queen Street in the last 12 months.
The property's, being sold in one line at <a href="https://www.realcommercial.com.au/property-retail-nsw-woollahra-503193066" target="_blank">146 and 148 Queen Street</a> both have four metre street frontage to Queen Street.
They have been described as super prime retail investments, sitting near the corner of Holdsworth Street.
Japanese restaurant Izy Izakaya own and occupy number 146 which cost $200,000 in 1984.
<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/2019/5/28/Queen2.jpg" alt="">
Next door is being offered with vacant possession.
Savills agents Tom Tuxworth, Nick Tuxworth and David Hickey have expressions of interest until June 19.
“This property will give both investor and owners occupiers the opportunity to add instant value through repositioning to take full advantage of customers who live in the third wealthiest suburb in NSW and bustling 7-day pedestrian foot traffic on Queen Street." Tom Tuxworth said.
“146 &amp; 148 Queen Street, Woollahra is surrounded by institutions including Victor Churchill, Chargrill Charlies, Bistro Moncur, Chiswick, Woollahra Luxe and Big Mamas.
"Both shops have been held for over 30 years so we expect significant local and offshore interest mainly due to the irreplaceable nature and scarcity of opportunities like these being offered to the market” he said.
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