<p><a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.</p>

<p>A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.</p>

<p>Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360965]</p>

<p>“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.</p>

<p>From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.</p>

<p>The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360981]</p>

<p>Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.</p>

<p>A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.</p>

<p>Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360966]</p>

<p>Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.</p>

<p>“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.</p>

<p>Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.</p>

<p>&nbsp;</p>

<p>[smartcode_project:default project_id=149670 project_image_fid=360969]</p>

<p>Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.</p>

<p data-end="8307" data-start="8063">The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.</p>

<p data-end="8543" data-start="8312">“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”</p>

<p data-end="8915" data-start="8548">The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.</p>

<p>The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.</p>

<p>[smartcode_project_cta:default project_id=149670]</p>


Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

<p>A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.</p>

<p>The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.</p>

<p>Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.</p>

<p>The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.</p>

<p>The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" /></p>

<p>Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.</p>

<p>Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.</p>

<p>The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."</p>

<p>The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.</p>

<p><img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" /></p>

<p>Campbelltown has been starved of new residential developments in the last decade.</p>

<p>The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.</p>


First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

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<p>A 60-apartment building nine storeys tall would be a rarity almost anywhere along this stretch of Moreton Bay, but that's exactly what's been lodged for a modest Deception Bay street better known for its single-storey weatherboard homes.</p>

<p><a href="https://www.apartments.com.au/developers/sherlock-construction-homes">Sherlock Construction Homes</a> is seeking to push Deception Bay’s emerging medium-density housing profile higher, lodging plans for a nine-storey apartment building near the suburb’s shopping centre and foreshore.</p>

<p>Dubbed Grosvenor Apartments, the proposal at 14-20 Grosvenor Terrace would replace two detached homes with a new building designed by&nbsp;<a href="https://www.apartments.com.au/architects/mode">Mode Design</a>&nbsp;which would&nbsp;reach nearly 30 metres, well above the site’s mapped 21-metre building height.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="86c21a25-5a97-4ca7-a361-80757137ea5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%20front.png?VersionId=aXIujfvEhH33sLHOEjHFv9Ii6qxSvAF4" /></p>

<p>The apartment mix is weighted toward larger homes, with 14 three-bedroom apartments, 31 two-bedroom apartments and 15 one-bedroom apartments. Six apartment types are spread across the floors, ranging from 66 sqm one-bedroom units through to three-bedroom apartments of 116 sqm, most with private balconies or terraces.</p>

<p>Levels one through seven follow a consistent layout of six to eight apartments per floor arranged around a central lift and stair core, with the top floor, level eight, trading one apartment for a landscaped community breakout space rather than repeating the standard layout below.</p>

<p>Ground floor is dedicated to arrival and services, with a lobby, mailroom and manager's office, alongside 91 car spaces.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="b098bde0-5fe1-4e6c-9601-e5446612e5fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20podium.png?VersionId=A0hfENMNxSxkfh9Jl6D4WJ9XIraeOukA" /></p>

<p>Mode Design's brief describes a "serene coastal-inspired design blending soft curves, natural textures and light-filled spaces to reflect the relaxed Deception Bay lifestyle."&nbsp;</p>

<p>The material palette leans on white and grey render, timber-look aluminium screening and stacked-brick-look finishes, with hanging greenery and vine planting proposed across balcony edges and ground-level walls.&nbsp;</p>

<p>Balconies feature asymmetrical geometries intended to vary the building's rhythm rather than repeat a single module up the tower, while lush planting is concentrated over the entry and level one balconies to soften the building's base.</p>

<p><img alt="First Look: Sherlock Construction pitches 9-storey tower for low-rise Deception Bay" data-entity-type="file" data-entity-uuid="c05c5693-3e00-42d0-b075-55c36094f4db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Deception%20da%201.png?VersionId=cMKJgBsBaaVCd2dA5O22SOT38OT_.BPA" /></p>

<p>The design evolved following an April 2025 prelodgement meeting with council. At that stage, the project was conceived as a seven-storey building containing 45 apartments. The subsequently lodged scheme increases the development to nine storeys and 60 apartments while introducing one-bedroom residences to the mix.</p>

<p>Zone Planning argues the additional scale reflects the site's position within an area earmarked for increased residential intensity. The planning report points to the North Lakes-Redcliffe-Moreton Bay Rail corridor strategy, which identifies Deception Bay as a district-level activity centre and supports greater housing choice within urban neighbourhoods.</p>

<p>Market Square Deception Bay, Deception Bay Sports Centre, Deception Bay State School, public transport, community facilities and the Moreton Bay foreshore are all identified within approximately one kilometre of the site, while the property falls within a 400-metre walking catchment of Market Square.</p>

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

<p data-end="587" data-start="368">Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.</p>

<p data-end="778" data-start="589">The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.</p>

<p data-end="907" data-start="780"><a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.</p>

<p data-end="1052" data-start="909">The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.</p>

<p data-end="1311" data-start="1054">The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.</p>

<p data-end="1451" data-start="1313">The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.</p>

<p data-end="1676" data-start="1453">MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.</p>

<p data-end="1908" data-start="1678">Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.</p>

<p data-end="2142" data-start="1910">The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.</p>

<p data-end="2142" data-start="1910"><img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" /></p>

<p data-end="2308" data-start="2144">MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.</p>

<p data-end="2648" data-start="2310">"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.</p>

<p data-end="2797" data-start="2650">"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."</p>

<p data-end="2938" data-start="2799">The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.</p>

<p data-end="3216" data-start="2940">Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.</p>

<p data-end="3325" data-start="3218">Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.</p>

<p data-end="3442" data-start="3327">"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.</p>

<p data-end="3662" data-start="3444">"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."</p>

<p data-end="3818" data-start="3664">MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.</p>

<p data-end="4076" data-start="3820">"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.</p>

<p data-end="4375" data-start="4078">"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."</p>

<p data-end="4503" data-start="4377">Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.</p>

<p data-end="4741" data-start="4505">"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."</p>

<p data-end="4910" data-start="4743">The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.</p>

<p data-end="4951" data-start="4912">MAYD is targeting an early 2027 launch.</p>


First look at MAYD's North Kirra mixed-use precinct

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<p data-end="600" data-start="394">Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.</p>

<p data-end="733" data-start="602">But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.</p>

<p data-end="970" data-start="735">Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.</p>

<p data-end="970" data-start="735">[smartcode_project:default project_id=152737 project_image_fid=377679]</p>

<p data-end="1159" data-start="972">The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.</p>

<p data-end="1357" data-start="1161">It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.</p>

<p data-end="3400" data-start="3216">[smartcode_project:default project_id=152737 project_image_fid=377675]</p>

<p data-end="3400" data-start="3216">Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.</p>

<p data-end="1664" data-start="1517">Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.</p>

<p data-end="1826" data-start="1666">Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.</p>

<p data-end="1826" data-start="1666">[smartcode_project:default project_id=152737 project_image_fid=377685]</p>

<p data-end="2045" data-start="1828">Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.</p>

<p data-end="2269" data-start="2047">"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.</p>

<p data-end="2430" data-start="2271">A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.</p>

<p data-end="2606" data-start="2432">It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.</p>

<p data-end="2724" data-start="2608">At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.</p>

<p data-end="2892" data-start="2726">Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.</p>

<p data-end="2892" data-start="2726">[smartcode_project:default project_id=152737 project_image_fid=377680]</p>

<p data-end="3004" data-start="2894">Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.</p>

<p data-end="3214" data-start="3006">"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.</p>

<p data-end="3400" data-start="3216">The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.</p>

<p data-end="3400" data-start="3216">More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.</p>

<p data-end="3670" data-start="3538">&nbsp;</p>

<p data-end="3670" data-start="3538">[smartcode_project_cta:default project_id=152737]</p>

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>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.</p>

<p>Even in the low seasons of May and June, occupancy levels reach around 40 per cent.</p>

<p><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" /></p>

<p>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</p>

<p>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.</p>

<p><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" /></p>

<p>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.<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><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" /></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span><span><span><span><span><span>​</span></span></span></span></span></span></p>

<p>The apartments will feature modern amenities and contemporary designs with expansive windows capturing sweeping views of The Remarkables mountain range.&nbsp;</p>

<p>Interiors are equipped with modern finishes, premium appliances, and secure electronic key-locked doors, ensuring a comfortable living experience for residents and guests alike.</p>

<p>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;</p>

<p>Queenstown’s sustained demand for visitor accommodation and rental properties is underpinned by a shortage of housing options, attracting both local and international buyers.</p>


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

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<span><span lang="en-GB">Mirvac Group</span></span><span><span lang="en-US"> has announced the signing of global law firm Norton Rose Fulbright to its Olderfleet building at 477 Collins Street Melbourne. </span></span>
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<span><span lang="en-US">Norton Rose Fulbright will occupy the top floors of the 'cutting-edge' commercial building, with t</span></span><span>he firm committed to 5,100 square metres on levels 35 to 38.</span>
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<div><span><span lang="en-US">Mirvac is working closely with Grimshaw Architects and Carr Design to bring Olderfleet to completion, with construction on the first of the office floors well underway.</span></span></div>
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<div><span><span lang="en-US">Mirvac has secured a partnership to provide smart lighting throughout the building with Enlighted, a world-leading provider of IoT platforms for smart buildings, and Honeywell, a global Fortune 100 software-industrial company, to deliver workplace performance monitoring technology.</span></span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">Olderfleet will be the first commercial building in Australia to roll out this new system to help tenants and building managers track activity in the workplace, leading to 'cost efficiencies and better performance'.</span></span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">As part of the system, the Enlighted sensors will be placed in each LED lighting fixture to capture data on power, temperature, motion and ambient lighting via bluetooth beacons.</span></span></div>
<div><span> </span></div>
<div><span>By pairing this with smart data analytics, tenants can gain a deeper understanding of workplace efficiency.</span></div>
<div><span> </span></div>
<div><span>All data will be available via a tenant portal to allow tenants, employees and building managers to make changes to the office environment in real time.</span></div>
<div><span><span lang="en-US"> </span></span></div>
<div><span><span lang="en-US">“We are proud to announce our partnership with Enlighted and Honeywell, to deliver on our promise to create a building with world-leading technology that provides the optimum environment for our tenants. It’s an exciting development for us,” added Mr Healy.</span></span></div>
</div>
<div> </div>
<div><span style="font-family: arial;"><span lang="en-US">Norton Rose Fulbright will be joining anchor tenant Deloitte, who has committed to over 26,000 square metres of office space, upon completion in 2020.</span></span></div>
<div><span style="font-family: arial;"><span lang="en-US"> </span></span></div>
<div><span style="font-family: arial;"><span lang="en-US">Mirvac successfully sold down a 50 per cent interest in the development to Suntec REIT in 2017</span></span></div>
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j.ballantyne1990-6AQqhLzZaK

477 Collin Street's Olderfleet to be model for the "technologically optimised workplace" 

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<p>Prahran had the top Melbourne auction result on the weekend with a mooted development site selling at $3.6 million.</p>
<p><a href="https://www.realestate.com.au/sold/property-house-vic-prahran-128438542" target="_blank">The 76 Williams Road offering</a> (pictured above) was listed through RT Edgar inconjunction Gross Waddell.</p>
<p>It was a block of five, two bedroom apartments, on separate titles returning $98,016 p.a.</p>
<p>The total land area of 975m2 featured two street frontages, with access via Russell Street.</p>
<p>It was within a short walk to the High Street shops and restaurants, nearby parklands and transport.</p>
<p>Each apartment comprises two bedrooms, open plan kitchen/living room, one bathroom and one car space.</p>
<p>It came with four monthly tenancies and one lease terminating February next year.</p>
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Block of five Prahran apartments sells for $3.6 million.

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<div>Impact Investment Group has announced the $120 million 12 storey Northumberland, a laneway development. 
<div> </div>
<div>Leading skincare company Aesop has already leased three floors of the building and other tenants are expected to include businesses covering a range of industries including design, innovative manufacturing, boutique services and digital agencies.</div>
<div> </div>
<div>The net lettable area of each typical floorplate is 1,505sqm, with four dual door lifts providing access to service the site’s twin foyers.</div>
<div> </div>
<div>The total lettable area is area 15,063sqm with 136 car parking spaces.</div>
</div>
<div> </div>
<div>Designed to continue the shift of new industries into the area’s industrial heritage, Northumberland has been locally designed by Collingwood architectural practice John Wardle Architects.</div>
<div> </div>
<div>“As the architects creating Northumberland, we’re very aware that this building heralds remarkable change,’’ said Mr Wardle.</div>
<div> </div>
<div>“In doing so, we wanted to create a building that was inextricably one of Collingwood, and of the fabric and the texture and the rigour of this part of the city”.</div>
<div> </div>
<div>Mr Darren Brusnahan, head of funds management for IIG real estate, said the commercial buildings would set a new high water mark for environmental sustainability and provide exceptional amenity as office accommodation for a new breed of Collingwood workers and would include collaboration areas.</div>
<div> </div>
<div>He said Northumberland is targeting a 6-star Green Star Design and As-Built Rating and a 5-star NABERS Energy Rating.</div>
<div> </div>
<div>“As well as being one of Melbourne’s most environmentally friendly buildings, it will be an exceptional place to work with significant flexibility for workplace configurations,’’ said Mr Brusnahan.</div>
<div> </div>
<div>Mr Brusnahan said uncompromised views would provide upper floor residents with sweeping sight-lines to the leafy eastern suburbs, Melbourne’s CBD and Port Phillip Bay.</div>
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Aesop set for Collingwood architectural gem

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<p>The BPM Melbourne developer Jonathan Hallinan is reportedly close to selling the hotel component of his Southbank skyscraper, Shadow Play.</p>
<p>The 70 apartments have been leased to Mantra who will be paying over $2 million per annum.</p>
<p>The hotel spreads across the first nine floors of the 46-storey building and comprise one and two bedroom hotel rooms.</p>
<p>The building is currently under construction on the north-east corner of Clarendon Street and City Road.</p>
<p>The Age reported an undisclosed investor was paying a speculated $20 million plus, following a campaign by JRW Property International's Leo Ren and Joyce Liu.</p>
<p> </p>
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BPM's Jonathan Hallinan closing in on Shadow Play hotel sale

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<p>PAG, the Hong Kong investment management firm has put its half stake in Sydney’s sixth-largest ­office tower, 60 Margaret Street, up for sale.</p>
<p>It includes the MetCentre at the foot of the building.</p>
<p>It has ING ­Direct as a major tenant.</p>
<p>The retail centre is anchored by a street-level Woolworths supermarket and Virgin Active along with 75 specialty stores within the 6419sq m retail centre.</p>
<p>The entire building value is estimated at more than $800 million, according to The Australian.</p>
<p>PAG’s listing comes as Sydney’s office property boom hits new highs, with ISPT completing a deal to buy a half-stake in Sydney landmark Westpac Place in a deal valuing that tower at more than $1.7 billion.</p>
<p>The Australian reported the Westpac Place deal helped reset pricing metrics for Sydney towers as it showed a yield of about 4.5 per cent.</p>
<p>PAG bought its 60 Margaret Street stake in 2015 from industry superannuation fund MTAA Super for just over $300 million.  </p>
<div class="cq-article-content-paras section">
<p data-gtm-vis-recent-on-screen-7770372_137="56599" data-gtm-vis-first-on-screen-7770372_137="56599" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">Mirvac Group, which owns the other half, had waived its pre-emptive right over the stake. Mirvac Group moved out in 2016 to its 200 George Street project close by. </p>
</div>
<p>The latest off-market offering is being handled by Ian Hetherington, Ben Azar and Tim Grossman of Savills.</p>
<p>The A-grade building, which consists of 36 office levels and three levels of shops, with ­direct access to Wynyard railway station.</p>
<p>The tower spans 40,985 sqm.</p>
<p><a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502349942" target="_blank">There are leasing spaces available</a> through Savills which notes <span>Wynyard hub is undergoing one of the largest transformations the city has ever seen; its a</span><span>vailability through Savills agents Christina Malcolm and Chris Rowe. </span><br><br><span>Level 9: 1,410 sqm</span><br><span>Low rise whole floor offers impressive cityscape and Wynyard park views with good natural light. Refurbishment of the whole floor now completed. </span><br><br><span>Level 15: ~380sqm </span><br><span>Tenancy offers direct lift exposure, South/East aspect, impressive city views and natural light. </span><br><br><span>Level 16: 583sqm </span><br><span>Refurbished part floor opportunity with North/East city views and good natural light.</span><br><br><span>Level 36: 596.4sqm</span><br><span>Top floor suite offers exceptional South/West city views, direct lift exposure and to be refurbished to a high standard.</span><br><br><span><br></span></p>
<p> </p>
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Savills list 60 Margaret Street, Sydney stake

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<p>The Australian government is developing a <a href="https://infrastructure.gov.au/transport/freight/national-strategy.aspx" target="_blank">national freight and supply chain strategy</a>. As part of that effort, we created a set of scenarios describing what Australia’s future might look like 20 years from now. In evaluations by a large number of experts of all the future drivers of change we identified, two emerged as the most powerful and uncertain: widespread use of automation, and increased pressure to become environmentally sustainable.</p>
<p>We also explored what Australia should do to remain successful in each of these possible futures. Each scenario was crafted as a rich description of the future, full of elements relevant to supply chains and freight.</p>
<p>To illustrate what the world might look like in each of these futures, several “news articles” accompany the scenarios. They tell us of a fleet of robots that deliver parcels by air and ground directly to Australian homes. They describe a container of Australian wines travelling from Victoria to Shanghai without human intervention, using <a href="https://www.smh.com.au/technology/autonomous-ghost-ships-are-coming-to-revolutionise-freight-20170905-gyatcs" target="_blank">autonomous ships</a> and <a href="https://theconversation.com/au/topics/autonomous-vehicles-1007" target="_blank">vehicles</a>.</p>
<p>In one scenario, China has become the sole dominant power in its half of the planet. In another, the world economy has fragmented into blocks, with barely any trade between them. Cyber-attacks, terrorism and slander are used as weapons to disrupt supply chains in one scenario. In another, a whole new generation of consumers, the Alphas, demands high levels of service and fast delivery in everything they buy.</p>
<p><a href="https://images.theconversation.com/files/223700/original/file-20180619-38819-18mkm61.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/223700/original/file-20180619-38819-18mkm61.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a></p>
<p><span class="caption">Container terminals have long used autonomous vehicles and machinery, and autonomous ships are on the way.</span><span class="attribution"><a class="source" href="https://commons.wikimedia.org/wiki/File:9-028_Rotterdam_ECT.jpg"><br></a></span></p>
<h2>How did we create these scenarios?</h2>
<p>We started by asking 52 experts in freight and supply chains about things they expect will be different two decades from now. These interviews revealed more than 200 future drivers of change. We validated these in a survey with an even larger group of experts.</p>
<p>We then used 32 families of these drivers as the building blocks to create <a href="http://cscl.space/scenarios" target="_blank">four scenarios</a>:</p>
<ol>
<li>
<a href="http://cscl.space/scenarios/s1.pdf" target="_blank">The Rise of the Machines</a> – a world where technology dominates everything we do</li>
<li>
<a href="http://cscl.space/scenarios/s2.pdf" target="_blank">Enter the Dragon</a> – China is the dominant force in an increasingly fragmented world</li>
<li>
<a href="http://cscl.space/scenarios/s3.pdf" target="_blank">Flat, Crowded and Divided</a> – Australia’s population has soared, to the point that easy access to cheap labour has nullified any hopes of a technological revolution</li>
<li>
<a href="http://cscl.space/scenarios/s4.pdf" target="_blank">Big Brother Goes Green</a> – the effects of climate change are increasingly real, and both governments and savvy consumers demand that companies meet high environmental standards.</li>
</ol>
<p>We made sure that each scenario was plausible and internally consistent. The scenarios were designed to be very different from the present and from each other, and to complement each other as a group.</p>
<p>While these scenarios are fun to read and thoroughly grounded in data, they are not predictions. Their purpose is not to forecast what the world <em>will</em> look like in 20 years.</p>
<p>Instead, the scenarios present us with several versions of what the world <em>might</em> look like. Their purpose is to help us <em>prepare</em> for what the future could bring. I like to think of scenario planning as a vaccine against future surprises.</p>
<p>The four scenarios served as the stage for a series of workshops conducted across Australia with a total of 90 experts. In these workshops, the experts discussed the challenges and opportunities each scenario presents for Australia’s freight and supply chains. They proposed ways for Australia to be successful in each scenario, and compared notes on suggestions that worked well across multiple scenarios.</p>
<p>We collected more than 15,000 words’ worth of handwritten expert recommendations in our four workshops. We transcribed and analysed all of them, and prepared a complete summary of the most frequent and robust ideas. These are included in our project’s <a href="https://infrastructure.gov.au/transport/freight/freight-supply-chain-priorities/research-papers/files/Scenario_planning_report.pdf" target="_blank">final report</a>.</p>
<h2>So what do the experts recommend?</h2>
<p>In the experts’ recommendations, it is easy to identify three major themes that are common to all four scenarios.</p>
<p>The first is the ever-growing importance of data. For Australia to be successful in <em>any</em> of the futures we envisioned, large amounts of relevant, timely and reliable data must be gathered and shared. This will require open and common data standards to be developed. The need to protect confidentiality will have to be balanced with the need to share data.</p>
<p>The second major theme is the need to educate for the future. Training in robotics, automation, artificial intelligence (AI) and data analysis should be widely available. A focus on science, technology, engineering and maths (STEM) should start in Year 1. Workers who are displaced by new technologies should be retrained, so they can re-enter the workforce.</p>
<p>The third major theme is the need to rethink regulation. For Australia to be successful in any of the futures we explored, it is necessary to simplify, standardise and harmonise regulations across levels of government and geographies. Regulations, and the process to create them, must become more flexible and agile, so as to promote innovation.</p>
<p>There are other robust recommendations that, according to the experts, are necessary in all four scenarios.</p>
<p>One is to make exports a strategic priority of national importance. Making exports faster and easier was recommended.</p>
<p>Another is the need for cities to include logistics in their plans from the start, not as an afterthought.</p>
<p><img src="https://counter.theconversation.com/content/98249/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">The many insights obtained in our project are informing the freight and supply chain strategy that the Australian government is creating. These will help those making long-term decisions to avoid future surprises that might not have been anticipated without a systematic examination of the many possible futures before us.</p>
<p><span><a href="https://theconversation.com/profiles/roberto-perez-franco-497942" target="_blank">Roberto Perez-Franco</a>, Senior Research Fellow – Supply Chain Strategy, <em><a href="http://theconversation.com/institutions/deakin-university-757" target="_blank">Deakin University</a></em></span></p>
<p>This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/what-will-freight-and-supply-chains-look-like-20-years-from-now-experts-ponder-the-scenarios-98249" target="_blank">original article</a>.</p>
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How will freight and supply chains change in the next two decades?

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<div align="justify">An Australian first, Mercedes-Benz Brisbane has unveiled plans to open its first boutique Brisbane retail offering</div>
<div align="justify"> </div>
<div align="justify">With an opening planned in mid-August, it will be located at 300 Adelaide Street.</div>
<div align="justify"> </div>
<div align="justify">Hong Kong’s Lei Shing Hong group is spending $200 million developing the new Mercedes-Benz showrooms.</div>
<div align="justify"> </div>
<div align="justify">The Mercedes-Benz Brisbane Boutique will allow consumers to book test drives of the latest Mercedes-Benz vehicles, book their own car in for a service and purchase merchandise. </div>
<div align="justify"> </div>
<div align="justify">Mercedes-Benz Brisbane principal, Shane Parkins, said bringing the unique concept will provide a new touchpoint for existing clientele, as well as creating the opportunity for the brand to reach a new customer base.</div>
<div align="justify"> </div>
<div align="justify">“We know people are increasingly time-poor, so we want to make life as easy as possible for our clients, and see this as a chance to offer a more convenient, customer-centric service in the easy-to-access heart of Brisbane City,” Mr Parkins said.</div>
<div align="justify"> </div>
<div align="justify">“We’re continually looking for new, innovative solutions to promote ease of business for both current and future customers and this concept really hits the nail on the head. We’ve created something unique for the Brisbane market that connects with customers in a local way,” he said.</div>
<div align="justify"> </div>
<div align="justify">As well as being inspired by the global network of MercedesMe stores, which have been designed to operate as creative hubs for the public to engage with the brand in a relaxed, non-sales driven environment, the concept was also based on consumer insights and is a demonstration of Mercedes-Benz Brisbane’s agile approach to retail and customer behaviour.</div>
<div align="justify"> </div>
<div align="justify">“With the way retail has been evolving and will continue to evolve, we know that consumers want to experience the essence of a brand – not just its products. The way LSH Auto Australia are developing new projects, including our Breakfast Creek development, has this fusion of brand and lifestyle at the heart,” explained Mr Parkins.</div>
<div align="justify"> </div>
<div align="justify">The showroom will be positioned alongside retail partner Motorwagen, a new café/restaurant that offers a contemporary dining experience with an emphasis on house-made dishes and best local produce.</div>
<div align="justify"> </div>
<div align="justify">Shane Parkins said Lei Shing Hong Auto Australia had three new projects under way: the new CBD boutique, which would open in August, <span>a 32,000 sqm five-level showroom and facility in Brisbane’s inner city Breakfast Creek, plus a 10,000sq m dealership in the outer suburban North Lakes</span>.</div>
<div align="justify"> </div>
<div align="justify">“Most people are intimidated by walking into a car dealership,” Parkins said, noting that the Adelaide Street store would refer potential customers to dealerships</div>
<div align="justify">
<p>The world's largest distributor of Mercedes-Benz, Hong Kong's Lei Shing Hong, hopes to also develop a $290 million office tower on Melbourne's Southbank incorporating a state-of-the-art car showroom.</p>
</div>
<div align="justify">
<p>The bold plan to combine an office tower of almost 30,000 square metres with a car showroom is part of a broader trend that has seen upmarket dealerships secure expensive inner-city positions within larger mixed-use projects.</p>
</div>
<div align="justify"> </div>
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Mercedes Boutique Shoppe set for Brisbane's Adelaide Street

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<p>A new land rate record has been set in the retail precinct of Church Street, Brighton.</p>
<p>Mark Talbot and David Bourke of Fitzroys sold 67 Church Street (pictured above) for $2.41 million at auction.</p>
<p>The sale price reflected a land rate of $39,000 per sqm.</p>
<p>It sold on a sharp yield of 3.2%.</p>
<p>The property has a two-level 110sqm building with among other leases, a five-year lease to international stationery company Smiggle, part of ASX-listed Premier Investments, which has a $2.5 billion market capitalisation.</p>
<p>The auction campaign attracted more than 90 enquiries from local and offshore investors and owner occupiers.</p>
<p>He said Smiggle has occupied the building for close to 15 years.</p>
<p>Talbot said Church Street, Brighton is a thriving shopping precinct and includes most of Australia’s new and established fashion operators.</p>
<p>Fitzroys research shows Church Street’s vacancy rate tightened to 1.3% over the past 12 months.</p>
<p>“We also received a large volume of interest from owner occupiers looking to give themselves an opportunity in future to operate out of a prized Church Street retail space,” he said.</p>
<p>Talbot and Bourke sold 67 Church Street on behalf of a private family.</p>
<p>Last year, Talbot sold the shop and dwelling freehold at 83 Church Street (pictured below) last year for $3.08 million, at a precinct record yield of 1.9%.</p>
<p><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/2018/6/27/87%20Church%20St.jpg" alt=""></p>
<p>It marked the first time the property had been offered for sale in 45 years.</p>
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Smiggle, Church Street, Brighton investment sets record commercial land rate

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<p>Looking at data for the 50 most populous non-capital city council areas, the majority of them have seen house and unit values increase over the 12 months to May 2017. </p>
<p>The data indicates that after a long period of soft housing market conditions following the financial crisis, housing demand is starting to pick up across many of the larger regional areas. </p>
<p>Those areas that are continuing to see values fall are in many instances linked to the mining and resources sector.</p>
<p>Of the non-capital city council areas analysed, the Wollongong council area is the most expensive for houses ($730,427) and units ($530,170) as well as having seen the greatest increase in house values and the fourth highest increase in unit value over the past year. </p>
<p>The Wollongong housing market has seen housing demand rise as demand ripples away from Sydney where affordability constraints are more pressing. </p>
<p>Additionally, prices are being pushed higher as more people seek out coastal and lifestyle properties.</p>
<p>In New South Wales in particular, regional areas of the state, particularly those reasonably close to Sydney are generally seeing strong value growth. </p>
<p>This is most likely linked to affordability relative to Sydney as well as Sydney home owners using the equity in their home to purchase investment properties in lifestyle markets.</p>
<p>The regional areas of Victoria, particularly those close to Melbourne, are experiencing value growth however, it is nowhere near the magnitude to which values are growing in those locations close to Sydney. </p>
<p>Although values are rising, the relatively softer growth can be linked to the fact that values have not risen as sharply in Melbourne as they have in Sydney and subsequently affordability hasn’t deteriorated as severely in Melbourne.</p>
<p>Queensland’s results are somewhat more mixed with the south-east corner generally seeing values rise while elsewhere growth is extremely mild or values have fallen.</p>
<p>Click to enlarge </p>
<p><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/2017/06/29/2017-06-23--pp1.jpg" alt=""></p>
<p>In fact, the Gold and Sunshine Coasts and Noosa are seeing more rapid value growth than Brisbane is. </p>
<p>It seems as if a lot of demand across these regions is coming from the accelerating internal migration to Queensland and buyers from Sydney and Melbourne that have substantial equity in their homes and are looking for lifestyle properties.</p>
<p>Of the areas that we looked at, each of the 24 regions we highlighted in New South Wales have recorded value growth for houses over the past year. </p>
<p>For units, only 4 of the 24 regions have recorded value falls over the past 12 months.</p>
<p>In Victoria we highlighted 10 regional council areas in the analysis. </p>
<p>Of these regions analysed, two recorded value falls over the year for houses and 2 regions also recorded falls for unit values. </p>
<p>Greater Shepparton was the only council area of the state which recorded value falls for houses and units.</p>
<p>Of the 13 regions highlighted for Queensland, five have recorded value falls for houses over the past year and seven have recorded declines for units.</p>
<p>Each of the regions highlighted in Western Australia have recorded value falls over the past year for houses and units.</p>
<p>Launceston was the only region analysed in Tasmania and it has seen house and unit values rise over the past year. </p>
<p>It should be noted while values have increased they have done so at a more moderate pace than those in Hobart.</p>
<p>Overall it seems that housing demand in regional areas of the country is rising. </p>
<p>While many regions are seeing value increase, the strongest demand appears to be in those areas within relatively close proximity to capital cities, particularly those which are coastal and tap into lifestyle demand.</p>
<p>Cameron Kusher is research analyst for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.</p>
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ckusher-ujnxiKuFQs

Gladstone houses and apartment struggling as regions typically see values rise: Corelogic

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<p dir="ltr">Teska Carson is still marketing a prime, mixed-use, investment at Oakleigh in Melbourne’s south-east.</p>
<p dir="ltr">Located at 40-42 Atherton Road within Oakleigh’s retail and commercial precinct, the property comprises an 829 square metre building.</p>
<p dir="ltr">It incorporates a double fronted, 278 square metre shop and three brand new apartments over two levels, each with balconies and two car spaces.</p>
<p>The Commercial 1 zoned, 424 square metre site, which is located in a precinct that includes Woolworths, Coles, Liquorland, all major banks, and Chemist Warehouse, has 10.5 metres frontage to tree-lined Atherton Street.</p>
<p>The retail component is currently leased to ANZ Bank on a ten year term at circa $133,705 per annum.</p>
<p>The three apartments, including one with three bedrooms and study, one with three bedrooms and one with two bedrooms, will be offered with vacant possession but with a 12 month rental guarantee bringing the total return to $235,105.</p>
<p>Teska Carson’s George Takis and Michael Taylor are offering the property for the first time in 20 years.</p>
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