<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 design-led apartments 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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GUEST OBSERVATION
The carbon footprint of tourism is about four times larger than previously thought, according to a world-first study published today in Nature Climate Change.
Researchers from the University of Sydney, University of Queensland and National Cheng Kung University – including ourselves – worked together to assess the entire supply chain of tourism. This includes transportation, accommodation, food and beverages, souvenirs, clothing, cosmetics and other goods.
Put together, global tourism produces about 8% of global greenhouse gas emissions, much more than previous estimates.
Adding it all up
Tourism is a trillion-dollar industry, and is growing faster than international trade.
To determine the true emissions produced by tourism, we scanned over a billion supply chains of a range of commodities consumed by tourists. By combining a detailed international trade database with accounts tracking what goods and services tourists bought, we identified carbon flows between 160 countries from 2009 to 2013.
Our results show that tourism-related emissions increased by around 15% over that period, from 3.9 gigatonnes (Gt) of carbon-dioxide equivalent (CO₂-e) to 4.5Gt. This rise primarily came from tourist spending on transport, shopping and food.
<img src="https://images.theconversation.com/files/217900/original/file-20180507-166903-1irt6n0.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
World map showing bilateral embodied carbon movements. In 2013, international travel was responsible for 23% of the global carbon footprint of tourism. [The carbon footprint of global tourism] 
We estimate that our growing appetite for travel and a business-as-usual scenario would increase carbon emissions from global tourism to about 6.5Gt by 2025. This increase is largely driven by rising incomes, making tourism highly income-elastic and carbon-intensive.
Whose responsibility is it?
In the study, we compared two perspectives for allocating responsibility for these emissions: residence-based accounting and destination-based accounting. The former perspective allocates emissions to the country of residence of tourists, the latter to the country of destination. Put simply, are tourism-related carbon emissions the responsibility of travellers or tourist destinations?
If responsibility lies with the travellers, then we should identify the countries that send the most tourists out into the world, and find ways to reduce the carbon footprint of their travel.
On the other hand, destination-based accounting can offer insights into tourism spots (like popular islands) that would benefit most from technology improvements and regulations for reducing the carbon footprint of tourism.
Tracking emissions under destination-based accounting over a specific period could help researchers and policymakers to answer questions about the success of incentive schemes and regulations, and to assess the speed of decarbonisation of tourism-related sectors.
So how do countries rank under the two accounting perspectives? The United States is responsible for the majority of tourism-related emissions under both perspectives – many people travel both from and to the US – followed by China, Germany and India.
But on a per-capita basis, the situation looks rather different. Small island destinations have the highest per-capita destination-based footprints. Maldives tops the list – 95% of the island’s tourism-related emissions come from international visitors.
Tourists are responsible for 30-80% of the national emissions of island economies. These findings bring up the question of the impact of tourism on small island states.
Islands as tourist destinations
Small islands depend on income from tourists. At the same time, these very tourists threaten the native biodiversity of the islands.
Small island states typically do not have the capacity to embrace technology improvements due to their small economies of scale and isolated locations.
<img src="https://images.theconversation.com/files/217909/original/file-20180507-166903-2md88e.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Sustainable tourism on islands. Author provided
Can we lend a helping hand? Directing financial and technical support to these islands could potentially help with efforts to decarbonise their infrastructure. This support would be a reflection of the share of consumer responsibility, especially from developed nations that are “net travellers”.
Maldives, Mauritius and other small islands are actively exploring ways of building their renewable energy capacity to reduce the carbon intensity of local hotels, transport and recreational spots.
Creating awareness at multiple levels
We hope that our study provides a starting point for conversations between the public, companies and policymakers about sustainable tourism.
<img src="https://counter.theconversation.com/content/96200/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Ultimately real change will come from implementing regulations and incentives together to encourage low-carbon operations. At a personal level, though, it’s worth looking at the carbon-cost of your flights, choosing to offset your emissions where possible and supporting tourism companies that aim to operate sustainably.
Dr Arunima Malik, Lecturer in Sustainability, University of Sydney
Dr Ya-Yen Sun, Senior Lecturer, The University of Queensland
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/the-carbon-footprint-of-tourism-revealed-its-bigger-than-we-thought-96200" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

The carbon footprint of tourism revealed (it's bigger than we thought)

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Australian not for profit housing provider Community Housing Limited (CHL) has announced the integration of Horizon Housing, Queensland’s largest housing provider into the CHL Group of Companies.  
The integration will boost CHL’s current portfolio to over 11,000 properties, making it the largest community housing provider in the country.
The combined group will manage community and affordable housing properties across the six states with nearly 300 staff. 
The new arrangement will consolidate expertise and strengthen the reach and services offered by both community housing providers.
Horizon Housing, Queensland’s largest housing provider with operations in fifteen local government areas across Queensland and parts of New South Wales, provides both community housing programs and affordable housing projects and has over 2,400 properties in its portfolio.
“This new arrangement further strengthens the position of both organisations, providing each with mutually beneficial outcomes aligned to our shared vision of providing the communities we serve with affordable housing solutions that are available and accessible by those in need,” Community Housing Limited Group’s, Managing Director, Steve Bevington, said. 
Bevington said for 25 years, CHL haD been considered a sector leader, supporting and growing the industry both locally and internationally, providing end to end affordable housing developments and long term housing and tenancy management operations in Australia. 
“Horizon’s integration within the CHL Group is another step in that direction," he said.
THE CEO of Horizon Housing, Jason Cubit, said the integration of the two entities creates a powerful alliance to fight the problem recently highlighted by the latest Anglicare Rental Affordability Snapshot, which categorised three out of 67,365 rental properties listed in Australia as “affordable” for a single person on Newstart Allowance.
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Community housing group combines with Queensland provider

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The retail space that previously hosted the Rick Hart and Harvey Norman stores has been listed by the former Fremantle president.
<a href="https://www.realcommercial.com.au/property-offices-wa-osborne+park-502720010" target="_blank">The Guthrie Street, Osborne Park space</a> north-west of the Perth CBD is being advertised as the previously the home of one of Perth's most successful retail businesses.
It comprises a near 600 square metres ground floor showroom and a 210 square metres first level office.
Hart paid $750,000 in 2001.
WA Commercial Real Estate agent Daniel Sanzone is asking for $1.75 million.
Hart is also selling his Coolbinia home north of Perth, asking $2,895,000. He's also listed a renovated East Perth riverfront apartment.
Hart began retail trading in electrical appliances in 1975 and was the Dockers president until 2009.
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jonathanchancellor-7SQnKwU6yx

Rick Hart lists Osborne Park retail space

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Two commercial properties on Rozelle's busy Terry Street have sold at auction.
The most expensive property was a 43 square metre space leased to specialist wine merchant Empty Glass, which sold for $700,000 on a 5.41% yield.
They have the lease until 2021, with a five year option to 2026. It rents at $37,856 per annum.
Next doors' property, tenanted by Curti &amp; Co barbershop, sold for $630,000 on a 5.49% yield. They pay $34,611 per annum.
Both properties are located in a near new development and a four percent annual rent increases.
Burgess Rawson agents Michael Gilbert and Dean Venturato sold the properties at auction on Tuesday.
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Empty Glass, Rozelle retail investment premises sell

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Fund manager Clarence Property has purchased The Zone shopping centre at Underwood in south-east Brisbane.
Paying $31.25 million, The Zone was purchased at a 7.85% yield.
Its anchor retailers include OfficeWorks, Rebel Sport, Good Price Pharmacy and Best Friends Pet Warehouse.
It will be within Clarence Property's flagship unlisted Westlawn Property Trust which has more than $250 million in assets between Yamba and the Sunshine Coast.
Its target asset allocation is about 30 to 45% retail, especially high-yield neighbourhood shopping centres in growth regions.
It started in Grafton some two decades ago, expanding its strong presence in northern New South Wales into south-east Queensland.
The Zone is a sub-regional large format shopping centre 16 kilometres south of the Brisbane CBD.
It is made up of four buildings of about 11,000 square metres on a 2.85-hectare site on the corner of Compton and Kingston roads.
It opened in 2005.
CBRE's Joe Tynan, Peter Rossi, Michael Hedger and Nick Willis negotiated the sale of the property for a private Queensland investor.
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Clarence Property secure The Zone shopping centre at Brisbane's Underwood

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A securely leased investment property with development upside has been listed at Hawthorn East in Melbourne’s inner-eastern suburbs.
The property will be auctioned May 30 through Teska Carson.
Located at 9 Mayston Street, on the northern side of the street near the intersection of Camberwell Road, the property comprises a 470 square metre single level warehouse/office/showroom premises.
It comes with rear roller door access to Gillman Street.
The 562 square metre site has 11 metres street frontage, zoned Commercial 1 under the City of Boroondara planning scheme.
The property is situated within a tightly held precinct within close proximity of Burke Road, Camberwell shops, Swinburne University and Burwood Road retail, featuring a wide range of industrial and office buildings, retail boutiques and restaurants as well as access to ample on and off-street parking.
Teska Carson’s Richard Munday and Michael Taylor indicated the property is currently leased to long standing tenant, Ultra Tune, at a current rental of $90,000 per annum plus outgoings and GST on a five year term with two, five year options and annual 4% increases.
"This property ticks all the boxes for small investors and SMSFs,’’ Munday said.
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Hawthorn Ultra Tune set for May auction

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A Primbee freehold property offered for sale last December is now under contract.
Savills Australia and WHK Commercial offered the prime freehold, vacant, single titled parcel of land on the highway in the coastal suburb of Primbee. 
Set within an established residential and commercial precinct, the 8,615 square metre site at <a href="https://www.realcommercial.com.au/property-land+development-nsw-primbee-502546514" target="_blank">Lot 1, Golf Place</a> adjoined the Port Kembla Golf Club.
It is 1.8 kilometres from Perkins Beach, Windang.
The site is relatively level, clear of any vegetation with town water services connected.
The surrounding area is predominately made up of residential, recreational and environmental use.
Under the Wollongong City Council, the property is zoned SP3 Tourist and is to be sold on a vacant possession basis.
Robert Lowe of Savills Australia and James Egan of WHK Commercial prevouslybindicated under the current zoning parameters, the property allows for and is not limited to, the construction of commercial shops, childcare centres, tourist and visitor accommodation (STCA)
There is a height limit of 9 metres and FSR of 1.5:1, subject to approval by Wollongong City Council.
Over recent years, the Illawarra region has witnessed significant growth across both the residential and commercial sectors with an increasing population expected to grow to 465,400 people approximately by 2031.
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Freehold property in Primbee, Wollongong precinct sold

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Bondi Beach-based former horse breeder Dean Fleming has withdrawn his Port Douglas commercial premises from sale.
It was offered for sale with a lease to the Port Douglas Happy Herb Shop, a retailer selling 'healthy, happy, natural and chemical free products'.
The tenant has the lease until 2020.
<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/2018/5/2/port%20douglas%201.jpg" alt=""> 
Raine &amp; Horne Port Douglas Mossman agent David Cotton was listing the property.
Fleming paid $605,000 for the 92 square metre Macrossan Street shop in 2009.
Last year Fleming downsized to a $3,025,000 North Bondi apartment. 
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Horse breeder Dean Fleming withdraws Port Douglas retail store

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The far north coast of New South Wales has seen strong demand for properties with a strong tenant profile at the mid to upper levels of the market.
The lower end of the market has seen increased interest from owner occupiers which reduces the need for a strong tenant profile, according to valuers Herron Todd White.
The most significant change was noted along the coastal strip with the stand out performer being Byron Bay.
"The rest of the coastal strip has also performed well," the report noted.
Inland, retail areas have also seen growth albeit more modest.
Coastal localities have seen growth as a result of increasing rents and strengthening yields, while inland localities have tended to have little movement in rents and growth as a result of slightly stronger yields (driven by owner occupier.)
The sales evidence falls broadly within the following ranges:
<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/2018/4/11/lismore%201.jpg" alt="">
Non-coastal locations have had relatively stable rents over the past two years. Retail has been adversely affected in Lismore as a result of the March 2017 flood with increased vacancies.
Rents have held but there is a risk of a downturn.
Coastal localities have been predominantly stable with the exception of Byron Bay, with strong demand, limited supply, upward pressure on rents, and reported incidences of key money.
A strata shop located in the heart of the Lismore CBD has been listed for sale recently with $275,000 hopes (pictured below).
<a href="https://www.realcommercial.com.au/property-retail-nsw-lismore-502683098" target="_blank">Situated at 154 Molesworth Street</a>, the three suites comprising of 76 square metres.
The floor area is 76 square metre.
<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/2018/4/11/molesworth%20st%20lismore.jpg" alt="">
The rental evidence falls broadly within the following ranges:
<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/2018/4/11/lismore%202.jpg" alt="">
A Lismore retail space in the middle of Moleswoth St between Woodlark and Magellan Sts currently on the rental market is priced at $4,800 per month plus GST.
Great exposure to vehicle and pedestrian traffic, <a href="https://www.realcommercial.com.au/property-retail-nsw-lismore-502747606" target="_blank">the 100 Molesworth Street property</a> comes with 108 square metres of retail (which could be extended) plus 78.5 square metres of office/storage space.
There is also a loft of approximately 20 square metres, rear lane access and two allocated car spaces.
<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/2018/4/11/lismore%20lease%20.jpg" alt="">
"Traditionally, the market in northern New South Wales has followed the trend of Sydney to a certain extent with a time lag.
"Sydney and Melbourne’s markets have exhibited softening in demand and uncertainty in relation to value," it noted adding the New South Wales far north coast was a great place to live (good weather, strong tourist destination, solid and stable economy). The increasing population will assist in maintaining strong growth and increased market depth.
"The growth in residential supply will help to underpin local industries.
"Funds are being invested in infrastructure and facilities.
"Owner occupiers and more investors are trying to secure premises to operate businesses at low-interest rates."
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Byron Bay retail picks up: HTW

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GUEST OBSERVATION
Commonwealth, state and territory environment ministers last week agreed on an ambitious target that 100% of Australian packaging be recyclable, compostable or reusable by 2025. This is no doubt sensible, given the turmoil sparked by China’s crackdown on waste imports.
Having a 100% target is fantastic. But this does not mean that all of the waste we generate in 2025 will necessarily find its way to one of these destinations.
For one thing, the definitions of different waste categories vary by state and territory, so there is no commonly accepted working definition of what constitutes “recyclable, compostable or reusable”.
In practice, these terms depend largely on the infrastructure available. Single-use plastic bags are a good example of a product that is technically recyclable but which is not accepted in most councils’ kerbside recycling collection. That’s because they are often contaminated with food waste and many councils lack the machinery to process them.
On its own, the new 100% target is not enough, because it doesn’t guarantee that recyclable or reusable items will definitely be recycled or reused. To really make a difference, we also need policies and market incentives to ensure that these things end up where we want them to.
Driving recycling
We can see this principle in action by looking at the issue of drink containers. Glass and plastic bottles are already 100% recyclable, yet there is a stark difference in recycling rates between states that do have container deposit schemes, and those that don’t.
In South Australia, which has had container deposit legislation for more than 40 years, almost 80% of drink bottles are recycled. But in Western Australia, where similar legislation is only at the discussion stage, the rate is just 65%.
Despite the Australian Bureau of Statistics’ attempt at a National Waste Account in 2013, little nationwide data are available, thanks to a lack of a consistent reporting framework across different jurisdictions.
Plastic not fantastic
In sectors where not all waste is fully recyclable, the problem is more complex still. Of the seven categories of plastic packaging, only three are economically viable to recycle: PET (soft drink bottles); HDPE (milk bottles); and PVC (shampoo bottles). The other four – LDPE (garbage bags); PP (microwaveable cookware); PS (foam hot drink cups); and other plastics – are less economically viable and so are recycled at much lower rates. While these plastics will still be allowed under the new target as they are technically recyclable, the new target might prompt a switch to less problematic materials.
Globally, around 78 million tonnes of plastic is used every year, but only 14% is collected for recycling, while 14% is incinerated and the remaining 72% ends up in landfill or as litter in the environment.
<img src="https://images.theconversation.com/files/217416/original/file-20180503-153914-16avwu4.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
The fate of the world’s plastics. Author provided
The problems are no less vexing for other types of waste. With market rates for many types of recyclable paper having dropped to zero in the wake of China’s import restrictions, it will be hard to see how some products will be recycled at all, if left purely to economic forces.
Retailers may have to embrace more innovative solutions to improve the quality of recycling waste, such as reverse vending machines, which accept items such as aluminium cans and plastic or glass bottles – as long as they are cleaned and sorted. However, without creating a local waste market or government incentives, we cannot expect retailers to buy their packaging back.
And this is before we even consider the complexities of composting and reuse. Compostable waste as a whole is already facing problems due to a high contamination rate, and lack of separate bin for recycling organic waste in many local councils. Reuse, meanwhile, needs us to tackle the eternal problem of people’s perceptions and behaviour about using old packaging again.
Will some kinds of packaging disappear?
Under the product stewardship initiative, which calls on producers and retailers to take care of the waste produced after consumption of goods, it seems more likely that some materials will simply be phased out of the product supply chain altogether.
The impending plastic bag bans in several states and leading supermarkets offers a chance to replace them not with heavier, more durable plastic, but with biodegradable, renewable and eco-friendly natural materials such as hemp.
In turn, this would boost hemp production (alongside the legalisation of hemp-based medicine and food products in Australia). This could lead to the opportunity for manufacturing industry to produce environmentally friendly biodegradable plastics. Hemp-based biodegradable plastic would significantly safeguard the environment, even if we failed to achieve a 100% recycling of biodegradable plastic packaging. Similarly, glass or aluminium might be used instead of plastic, and are more easily recycled.
Even more innovatively, we might even see the arrival of edible packaging derived from the milk protein casein, formed into film rather like plastic cling wrap, which can be used to package foods such as butter or cheese.
We need a better target
We’ve established that it’s not enough simply to set a target of making 100% of our waste recyclable, compostable or reusable. To really feel the benefits we need a follow-on target, such as actually recycling 100% of our packaging by 2030.
For this to work, we would need three things:
<ol>
<li>legislation, regulations or incentives for manufacturers to develop new packaging types;</li>
<li>an increase in public participation rates in recycling; and</li>
<li>the development of a strong domestic market for recyclable materials.</li>
</ol>
<img src="https://counter.theconversation.com/content/95857/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Finally, we should remember that waste prevention is better than waste management. Everyone – from governments, to manufacturers, to retailers, to consumers – should focus first on generating less waste in the first place. Then the fiendish problem of what to do with our waste will be all the smaller.
Atiq Zaman, Lecturer, Curtin University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/the-new-100-recyclable-packaging-target-is-no-use-if-our-waste-isnt-actually-recycled-95857" target="_blank">original article</a>.
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