A new 25-storey apartment tower proposed for Mercer Street would push Geelong’s western gateway skyline higher, with Morphy Birrell Property Group lodging plans for a project directly beside one of the city’s most significant heritage streetscapes.

The <a href="https://www.apartments.com.au/architects/fk-australia">FK</a>-designed development at <a href="https://www.apartments.com.au/new-apartments/65-67-mercer-street-geelong-vic-3220">65-67 Mercer Street</a> has now been referred to Victoria’s Planning Minister. The site sits opposite the Geelong rail corridor and immediately south of the heritage-listed St Peter and Paul’s Catholic Church and Ashby Hall precinct.

Rather than compete with the neighbouring ecclesiastical buildings, the proposal adopts a sculpted podium intended to reference the materiality and scale of the heritage context. Planning documents note the design draws cues from the “dark stone brick” church and surrounding masonry buildings, while the tower above transitions into a softer, curved form oriented toward Corio Bay and the Geelong waterfront.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="b797d10c-d4a6-47af-b8df-1aeaa3b382be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/public%20square.png?VersionId=QGIpcz1x1hKB6lQLl2iobyHqb6PS2Ztc" />

The development forms “Stage 5” of Morphy Birrell Property Group’s broader Mercer Street precinct strategy, following the completion of the 21-storey Miramar tower on Cavendish Street and several additional approved redevelopment stages nearby. Planning consultants Ratio said the proposal “represents an exemplary development outcome” aligned with the strategic ambitions for Central Geelong’s continued urban renewal.

The mixed-use project would replace an existing low-rise commercial building and surface parking area on the 3,320 sqm corner site. FK’s urban context report describes the proposal as a residential development comprising apartments, resident amenities, commercial space, and integrated landscaping positioned to maximise bay views and northern sunlight access.

Renders show a deeply articulated tower with curved balconies stepping above a lower masonry podium that frames a landscaped forecourt facing Mercer Street. The design intentionally preserves sightlines toward the adjacent church buildings, with the podium scaled to reinforce the heritage edge before the tower recedes upward.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="2bdca91e-66f7-4ac7-8baa-2f93bd5b564e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/geelong%20site.png?VersionId=QOhbino4ZgzKYw5dW3QE14E.2yq.Sv87" />

The planning report highlights the site’s strategic location within 400 metres of key Geelong destinations including Cunningham Pier, the Geelong Station precinct, Deakin University, and the convention centre. Bus services run directly along Mercer Street, while the Corio Bay foreshore sits around 100 metres north of the site.

The proposal arrives amid accelerating redevelopment across central Geelong, where planning policy continues to encourage higher-density housing close to transport infrastructure and the waterfront. Mercer Street in particular has emerged as a focal point for taller apartment development due to its proximity to Geelong Station, the bay, and major civic infrastructure.

Joel Robinson

Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct

Development giant&nbsp;<a href="https://www.apartments.com.au/developers/hamton">Hamton</a> and joint venture partner Hostplus have revealed the next residential stage of their $3 billion Moonee Valley Park masterplan, lodging plans for 512 more apartments within the precinct on surplus racecourse land at 110 Wilson Street, Moonee Ponds.

The proposed development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/trackside-house-110-wilson-street-moonee-ponds-vic-3039">Trackside Gardens</a>&nbsp;in the planning application, follows the <a href="https://www.apartments.com.au/news/vic/first-look-exclusive-hamton-and-hostplus-reveal-sixth-stage-of-moonee-valley-park-masterplan">recent unveiling of the sixth-stage Cox Place Precinct</a> and continues the long-running transformation of the Moonee Valley Racecourse into one of Melbourne’s largest urban renewal projects.

Positioned on the north-eastern edge of the racecourse adjacent to CityLink, Trackside Gardens will comprise three residential buildings rising between 61.8 metres and 86.4 metres within a heavily landscaped precinct shaped by Hamton’s Nature Based Cities framework.

The project forms part of the broader Moonee Valley Park redevelopment being delivered by Hamton, Hostplus and the Moonee Valley Racing Club, which is reshaping the 40-hectare racecourse site into a mixed-use neighbourhood with housing, retail, commercial space, hotels, parkland and community infrastructure.

Trackside Gardens sits separately to the recently proposed Cox Place Precinct, a five-building stage comprising around 1,100 residences, two build-to-rent buildings, two build-to-sell towers, retail, office space, and a hotel overlooking the racetrack. Together, the projects continue to accelerate housing delivery across the precinct.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="5fc1941e-52d3-41c6-abc4-0f13fe8ae5ea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DA%20Edits%20%281%29.png?VersionId=7qwRHq5dcvXWNot2hNOgoQhN2GIWudNK" />

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a> with landscape architecture by Tract, Trackside Gardens has been conceived as a botanical-style residential precinct prioritising canopy planting, communal green space, and vertical landscaping.

“The architectural vision for the proposed development centres around buildings in a botanical park setting that champions the important role of nature,” the planning submission states.

“The proposal incorporates principles of biophilic design, with landscape and environmentally sustainable development influencing the ultimate design response of the buildings and prioritising the ground plane to ensure a high amenity for both occupants and visitors.”&nbsp;

Trackside Gardens will deliver 512 apartments across the three buildings, alongside 518 basement car spaces and 523 bicycle spaces. Around 20 per cent affordable housing is proposed across the broader North East Precinct, equating to around 158 dwellings.&nbsp;

The affordable housing component will be concentrated within the Wilson East building, while the remaining apartments are expected to be delivered as build-to-sell residences.

Trackside Gardens has been designed around Hamton’s Nature Based Cities initiative, founded by Executive Chair Paul Hameister OAM in partnership with the University of Melbourne, Urbis, Ark Resources and Tract. The initiative promotes integrating higher-density urban development with significant biodiversity, tree canopy and landscape outcomes.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="89353449-7b3c-42fd-8fd8-8bf64a5ef80f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_4.png?VersionId=X8jRt0P2L7fIWjLhfX6gPknXToXIBeLj" />

A comprehensive landscape strategy would introduce deep soil planting, vertical greening, communal gardens, and new pedestrian links throughout the site.

Planning documents state the development is targeting a 5 Star Green Star Buildings rating, a 7.5-star average NatHERS rating, and “Exemplary” Nature Based Cities certification.&nbsp;

The proposal joins an expanding pipeline of approved and proposed buildings within Moonee Valley Park, including the recently launched Eveline apartments and the approved Grandstand North and South towers.

Hamton has increasingly focused on precinct-scale, nature-led communities across Melbourne’s middle-ring suburbs, with projects spanning Hawthorn, Kew, and Moonee Ponds.

Hampton unveils Trackside Gardens, latest stage of $3 billion Moonee Valley Park masterplan

The Paul Gedoun-led <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Group</a> has achieved another milestone in its $1 billion transformation of Rainbow Bay on the southern Gold Coast with the completion of the company’s third project in four years, the $160 million <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a> residences.

Delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a> and designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker Architects</a>, Esprit buyers have now moved into the 94 apartments across two interconnected buildings at 217-227 Boundary Street.

The successful settlement of Esprit marks another astounding chapter in the S&amp;S story, which launched its highly successful Flow apartments three years ago and created its own ultra-luxury branded fingerprint on an area craving new luxury residences.

Most early purchasers have secured gains of well over $1 million since the project launched in 2021.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

S&amp;S Projects Founding Director Paul Gedoun said the completion of Esprit reflects sustained demand for premium apartments in tightly held coastal locations.&nbsp; 
&nbsp;&nbsp; &nbsp; 
“Esprit has attracted buyers seeking a combination of quality design, considered amenity and a location that is becoming increasingly difficult to replicate,” said Gedoun.

“We identified some years ago that Rainbow Bay is a unique market where supply of luxury residences is limited, and we see the settlements in Esprit further underpinning this thinking - that for both owner-occupiers and investors.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172174]

A key feature of the development is ‘Club Esprit’, a 1,000sqm residents-only rooftop level combining wellness and recreation, believed to be a first for the Gold Coast, and which is fast becoming a signature of the S&amp;S brand.

Positioned to capture views across Snapper Rocks, Rainbow Bay and the Tweed River, the rooftop includes a 25-metre lap pool, gym, yoga lawn, sauna and steam facilities, ice bath, private dining spaces, outdoor cinema and landscaped areas for residents.&nbsp;

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> Director Jayde Pezet, who led the sales campaign for Esprit and S&amp;S’s Flow and Awaken apartments, said the project’s performance reflects both the strength of the product and the depth of demand for premium apartments on the southern Gold Coast.&nbsp;

“In some cases, we’ve seen values double since launch, which is a clear reflection of how tightly held Rainbow Bay has become and the level of demand for well-executed projects in this market,” said Pezet.&nbsp;

“Buyers recognised early what S&amp;S Projects was delivering here, and that conviction has been rewarded as the project has progressed towards completion.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=214819]

Esprit offers a mix of two- three and four-bedroom apartments and sits within walking distance of the beachfront, cafés and local amenities, reinforcing its appeal as both a lifestyle and investment destination.

The project is the third completed by S&amp;S Projects in Rainbow Bay, following Flow Residences and Awaken Residences, which together have contributed to the suburb’s emergence as one of the Gold Coast’s most sought-after coastal pockets. &nbsp;

S&amp;S Projects is continuing its investment in the area with Radia, a $215 million development currently under construction.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172175]

Gedoun said the completion of Esprit signals continued confidence in the southern Gold Coast market.&nbsp;

“We’ve seen strong interest in well-located, high-quality apartments, particularly in areas where future development opportunities are limited."

“That’s been a key factor in the performance of Esprit and the broader Rainbow Bay market”.

[smartcode_project_cta:default project_id=102921]

Owners move in as Esprit completes at Rainbow Bay

Few developers can boast a portfolio across South East Queensland's luxury markets quite like <a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a>.

The builder-developer, founded in 2004 by Managing Director Brook Monahan, has projects in planning, on the market, and under construction, from Burleigh Heads and Broadbeach to Kangaroo Point and South Brisbane.

With a pipeline exceeding $2 billion, Mosaic remains highly selective when it comes to development sites, having spent years refining its strategy around feasibility research and product planning. The group is set to continue growing into 2026 and beyond.

In Brisbane, Mosaic currently has three projects in the market. It is in the final release stage at <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford</a> in Kangaroo Point, which is approaching complete sellout ahead of its late 2027 completion.

[smartcode_project:default project_id=134792 project_image_fid=328123]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, The Bedford comprises 128 two- and three-bedroom residences. A selection of ultra-luxury Masterpiece Series Skyhomes, positioned across the top levels, offer expansive floor plans and sweeping views of the river and city.

High-end inclusions, such as natural stone benchtops, bespoke cabinetry, and Miele appliances, feature throughout all apartments, alongside the Rooftop Recreation &amp; Retreat Sky Terrace. This includes a resort-style pool with sun deck and loungers, spa, cold plunge pool, sauna, steam room, private dining room with a full kitchen, residents' lounge, multiple barbeque and relaxation zones, an outdoor viewing deck, and landscaped gardens with water features, all oriented to sweeping city and river views.

A gym with indoor and outdoor zones, and a golf simulator, further enhances recreational choice within the building.

[smartcode_project:default project_id=134792 project_image_fid=328119]

A defining feature of the development is its integrated mixed-use component, which will deliver Kangaroo Point's first major supermarket, alongside a café and liquor store, bringing long-awaited convenience to the peninsula.

Monahan says The Bedford represents the culmination of a near-decade-long journey, after first identifying the A-grade Prospect Street site in 2016. While they came close to acquiring it at the time, the site was ultimately purchased by Woolworths' development arm, Fabcot. The opportunity resurfaced in 2024 when the site, vacant for nearly three decades, was brought back to market.

Monahan says Mosaic projects often begin years before any formal plans are drawn. Their new South Brisbane development is no exception, with the site first earmarked in 2018.

"We aren't opportunistic," Monahan says. "Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

[smartcode_project:default project_id=141711 project_image_fid=353495]

A similar story unfolded at <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a> in Kangaroo Point, opposite The Gabba. Like The Bedford, it is also approaching sellout of its 125 two- and three-bedroom apartments. The majority of sales are attributed to returning customers and referrals, with a balanced mix of investors and a strong majority of owner-occupiers.

BDA Architecture was again engaged to design the 22-storey building, which will feature a suite of wellness and lifestyle amenities, including a golf simulator and cinema, a commercial-grade gym, and a rooftop recreation level with a pool, steam room, sauna, cold plunge, teppanyaki bar, private dining spaces, and landscaped terraces.

Construction is on track for completion in mid-2027.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Mosaic's latest offering is its most ambitious yet, boasting a rare, north-facing riverfront position on Montague Road in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale by Mosaic</a> is a 39-storey tower comprising just over 200 residences and Masterpiece Series Sky Homes. Designed in partnership with Bureau Proberts, it will feature nearly 3,000 sqm of genuine, internationally benchmarked six-star, hotel-style amenities, including a wellness precinct, pool, gym, massage and treatment rooms, cinema, golf simulator, and extensive outdoor dining areas across a two-level rooftop deck.

Early works are underway, with full construction expected to commence in the second half of 2026, and an anticipated late 2029 completion.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Since 2012 alone, Mosaic has completed more than $2 billion in projects and is set to deliver another $2 billion worth of developments, comprising hundreds of luxury apartments, each defined by Mosaic's signature standards of quality, detail, and delivery.

"We never arrive, there is no finish line," says Monahan. "Our ambition is to keep evolving what luxury means, creating design- and lifestyle-led residences in incredible locations, places people genuinely aspire to and want to live, homes that are loved deeply and endure long beyond their moment."

Mosaic's Midas Touch

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> (Urban) has broken ground at Keira Place, its new major mixed-use residential precinct in the heart of Wollongong CBD.

Held at 120-122 Smith Street, the groundbreaking marked the commencement of construction on Stage 1 of <a href="https://www.apartments.com.au/new-apartments/keira-place-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, with the opening of the new display suite. 
&nbsp; 
Keira Place is a State Significant Development that will deliver new housing supply, affordable homes and inclusive living options within walking distance of Wollongong’s CBD, coastline, transport, hospital and education precincts.

[smartcode_project:default project_id=144442 project_image_fid=369868] 
&nbsp; 
Stage 1 is now under construction and will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, along with activated ground-floor retail and commercial space. 
&nbsp; 
Urban Co-CEO Patrick Elias said the groundbreaking represented a significant milestone for Wollongong and reflected Urban’s long-term commitment to regional cities.

“Today’s groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong’s city centre,” Elias said. 
&nbsp; 
“Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection.”

[smartcode_project:default project_id=144442 project_image_fid=369869] 
&nbsp; 
Hon. Paul Scully MP, Minister for Planning and Public Spaces, Member for Wollongong said Keira Place is exactly the kind of development Wollongong needs – delivering new homes close to transport, employment and services, while supporting the continued growth and renewal of the CBD.

"This project reflects the Minns Labor Government's commitment to increasing housing supply in well-located areas." 
&nbsp; 
Wollongong Lord Mayor Cr Tania Brown said Keira Place would deliver lasting community benefits for the city. 
&nbsp; 
"Keira Place is a welcome addition to Wollongong's CBD delivering new housing, affordable homes and activated street-level spaces that will benefit our community for years to come," Brown said. 
&nbsp; 
"Urban Property Group's investment reflects the confidence that quality developers have in Wollongong's future, and I look forward to seeing this precinct come to life."

[smartcode_project:default project_id=144442 project_image_fid=369867] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, with interiors by <a href="https://www.apartments.com.au/interior-designers/dko">DKO,</a> Keira Place prioritises liveability and long-term performance, with landscaped shared spaces, generous apartment layouts and a pedestrian-friendly streetscape along Smith Street. 
&nbsp; 
Residents will have access to landscaped podium areas, communal rooftop amenities with views to Mount Keira and the Wollongong skyline, and convenient ground-level retail.

The development will have 10-year Latent Defects Insurance by Resilience Insurance.

[smartcode_project_cta:default project_id=144442]

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

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

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

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The latest research from CoreLogic's Southbank Melbourne Cityscope shows property sales have decreased in the past three months.
The property investment firm says that sales recorded in the quarter ending November 2016 totalled $610.6 million, a decrease from the $952.9 million recorded in the three months to August 2016
But a large increase from the $187.9 million recorded to May 2016.
This data brings the 12 month total to $2.306 billion, an increase from the $1.261 billion recorded the same time last year.
The table below shows sales recorded for the past eight updates of Southbank Cityscope.
<a href="/images/2016/12/05/Southbank-01.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Southbank-01.jpeg" alt="">
Recent standout sales in the Southbank area include:
<ul>
<li>Twenty8 Freshwater Place, at 28 Freshwater Place, Southbank, comprising a 26-level building with retail space on the ground level and 19 levels of office space, has sold for $286 million through Colliers International Melbourne. The sale represented an initial yield of 6.60% on passing income of $18,876,000;</li>
<li>A vacant development site, at 7-23 Spencer Street, Docklands, an 8,607 sqm block of vacant land at site preparation stage has been sold for $97 million through CBRE Melbourne and JLL Melbourne.</li>
</ul>
<a href="/images/2016/12/05/Southbank-02.jpeg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Southbank-02.jpeg" alt="">
Properties for sale in Southbank in November 2016 include:
<ul>
<li>Hilton Melbourne South Wharf, at 2 Convention Centre Place, South Wharf, a 5-star hotel comprising ground floor lobby and retail space, a four-level podium and 396 rooms, for sale through JLL Hotels &amp; Hospitality and</li>
<li>202-214 Normanby Road, South Melbourne, a high single-storey brick factory-workshop building being marketed as a development site of 1,518 sqm, for sale through CBRE Melbourne.</li>
</ul>
Significant leasing opportunities in Southbank in November 2016 include:
<ul>
<li>210 Kings Way, South Melbourne, a five-storey brick and concrete office building with a 6,135 sqm building area and 56 car parks, has office space ranging from 670 to 1,890 sqm for lease through Lemon Baxter;</li>
<li>South Wharf Office Tower at 30 Convention Centre Place, South Wharf, a 12-level office tower with parking for 404 cars, has office space of 491 to 2,665 sqm for lease through Colliers International Melbourne; and</li>
<li>182 Kings Way, South Melbourne, comprising two office buildings, has office space ranging from 1,390 to 1,900 sqm for lease through CBRE Melbourne.</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

Southbank property market declines in past three months: CoreLogic

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An online marketplace has been launched for finding hot desk, meeting room and short notice office space.
Hosts on Spare Workspace can list for free and accept bookings from anywhere in real time. with a service fee of up to 10 percent from each booking, or 3-10 percent for PRO accounts applied.
Founder Jake Dimarco said expected users are mostly likely to be freelancers or start-ups who need an affordable and flexible workspace, professional services with a small team, or a business traveller wanting on-demand space to work while in another city.
“They’re looking for the flexibility to change workspaces depending on their circumstances, or for a collaborative environment where they can work with others," he said.
“A hair salon with three unused chairs or a cafe’s kitchen outside of hours could be perfect to list on Spare Workspace as the platform grows.
“Whether you have a meeting room, desk or event space, you can easily share it with others. For our hosts it is free to list, and although SpareWorkspace takes a nominal fee, it remains a cost-effective way to utilise a space that may not otherwise be used. Plus, hosts can manage their growing collection of spare workspaces via our online dashboard. ”
“Our easy to use platform helps businesses every step of the way. From marketing their space to taking payments, Spare Workspace is designed to be a seamless addition to help manage an existing space. Plus, all our hosts can take advantage of on-the-ground support and local knowledge.”
Dimarco said the benefit to the “typical” Spare Workspace user will be the ability to book space from as little as one hour to up to 12 months.
 
 
 
The site launches with the majority of listings focusing on Brisbane and Sydney locations but is expected to expand nationally by the end of the year.
While the current offering focuses on existing co-working space and offices, Dimarco noted there was opportunity to branch into allowing businesses like hair salons and cafes to offer their unused spaces.
Spare Workspace has partnered with Wotso Workspace, Microsoft BizSpark, PIN Payments, Uber and Corporate House.
Visit Spare Workspace online <a href="https://spareworkspace.com.au/" target="_blank">here</a>. 
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Spare Workspace launches to share and book empty workspaces with others

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The number of full floor leasing options in Melbourne has declined compared to last year, according to Savills’ latest report.
“In Savills’ Prime Full Floor Availability Report, the state of the leasing market is assessed in a different manner to standard vacancy surveys.
The report graphically shows each Premium and A grade building in the city on a floor-by-floor basis highlighting which floors are available for lease, now and in the near future, in each building including those under construction and refurbishment,” the report stated.
Results from the September 2016 Prime Full Floor Availability Report are detailed below.
<a href="/images/2016/11/15/Melbourne%20full%20floor.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/15/Melbourne%20full%20floor.jpg" alt="">
Savills recorded 135 full floors totalling 192,618 square metres available for lease in A Grade buildings, or 12.7 percent of the market analysed, down from 149 full floors recorded from a year ago.
The number of full floor leasing options available sits at 177 prime grade floors in September 2016, down from 197 full floors 12 months ago.
Full floor vacancy in both Premium and A Grade declined in the 12 months to September 2016.
Vacancy in full floors peaked at 220 in December 2015 with a previous peak of 233 prime grade floors in August 2013.
In recent months, there has been a downward trend of available options.
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Melbourne CBD grid (excluding Docklands) total office vacancy rate sits at 7.9 percent as at June 2016.
Whilst vacancy levels had been considerably lower for much of the time, an environment of increased supply levels and rising tenant migration either for upgrade or expansion is contributing to the following vacancy rates:
<a href="/images/2016/11/15/Melbourne%20vacancy.jpg" target="_blank">Click to enlarge</a>
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Melbourne’s vacant office space in the CBD is generally shared by quality grades, with Prime space vacancy at 7 percent and accounting for 14 percent of the total vacancy (59 percent of the total stock) as at June 2016.
Prime vacancy in the Melbourne’s CBD office has declined from 7.9 percent recorded a year ago.
During the past 12 months, Prime quality stock remained steady with the vacancy rates declining with lift in the net absorption levels.
<a href="/images/2016/11/15/Melbourne%20vacancy%20graph.jpg" target="_blank">Click to enlarge</a>
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Full floor leasing options in Melbourne declines compared to last year: Savills

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JLL's are dubbing their new Mascot business premises an Activity-Based Working office. The new office features non-assigned desks, discussion hubs, meeting rooms and ‘hush’ rooms designed for quiet working.
JLL has relocated from their previous offices at Sydney Airport Centre, 15 Bourke Road Mascot, to a new office within the Connect Corporate Centre at 191 O’Riordan Street, Mascot.
The Mascot fit out was completed by the firm’s Project &amp; Development Services division, which also completed the fit outs for JLL’s other WorkSmart offices across the country.  Michael Fenton, JLL’s NSW managing director said, the timing couldn't be better for the move, as JLL mark 20 years in South Sydney.
"Our success in the local market over the last two decades is a reflection of our trusted commitment to always achieving the best results for our clients," he said.
"We are equally committed to providing working environments that foster collaboration, innovation and cater for different working styles of our diverse employees."
WorkSmart was built in-house by JLL’s Corporate Solutions team and is designed to incorporates enhanced mobility and flexibility through multiple activity settings and work locations.
<img src="/images/2016/11/23/JLL%20Mascot_1.jpg" alt="">
It has plants to improve indoor air quality, low Volatile Organic Compounds finishes to all surfaces and Recycled Gyprock board. 
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JLL Mascot transitions to new activity-based working office 

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Frasers Property Australia have won the National Signatory of the Year category at the CitySwitch Green Office awards for renovations to their St Kilda office to promote staff health and wellbeing.
Frasers Property Australia upped their NABERS rating from four to five stars. HESTA was awarded a highly commended.
The National New Signatory of the Year went to KPMG with a 72 percent waste recovery rate  and reducing paper by more than 8 million sheets.
NSW winners included the State Library of NSW (Signatory of the Year over 2000 square metres), Architectus (Signatory of the Year under 2000 square metres), Norman Disney &amp; Young and Westpac (Partnership of the Year) and Marlin Communications (NSW Signatory of the Year).
Lord Mayor Clover Moore said CitySwitch has come a long way from the small program offered by three Sydney councils in 2005.
"It has spread across the country and is now receiving global recognition for the way it has engaged businesses of all sizes to make a difference on carbon emissions,” she said.
“It’s a heartening sign that Australian business is serious about its environmental impacts, and also that it has been quick to grasp the business benefits of a green economy. Since 2011, CitySwitch members across Australia have slashed emissions while saving a combined $34 million in electricity bills.
“CitySwitch National Signatory of the Year, Frasers, achieved a 4.5 star NABERS Indoor Environment Quality rating with improvements to lighting, air quality, natural ventilation and maximising use of natural light.
“The fact that CitySwitch is in line to receive a major international accolade is a credit to the businesses that have enthusiastically jumped on board this great initiative.
“I congratulate all finalists and winners and thank them for being a part of the CitySwitch Green Office program.”
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Best and brightest offices make sustainable switch

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A laneway office with a caretaker residence tucked away in one of South Melbourne's historic cobblestone lanes recently sold for $1,380,000.
The architect-designed office spaces spread over four levels at <a href="https://www.realcommercial.com.au/property-retail-vic-south+melbourne-502116922" target="_blank">7 Emerald Way, South Melbourne, Vic 3205</a> offer a fully air conditioned and flexible floor plan.
The property with a floor area of 250 sqm comprises a first floor open office and two studio/offices plus full bathroom. The second floor has an office and living area with a kitchen opening to a sunlit terrace. The top floor has a master bedroom with ensuite and a private terrace with CBD views.
The property is close to Clarendon Street, The Arts complex, Southbank and the city.
The selling agent was James Keep of Cayzer Real Estate.
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Elegant office property near Melbourne's Southbank sold

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The office property market in Melbourne, Sydney and the Gold Coast is rising with the Brisbane market bottoming out, according to the December office Property Clock from Herron Todd White.
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HTW said Sydney's vacancy rate at June 2016 was 5.6 percent and this is predicted to fall further by the end of 2017 and into 2018 and due the strong tenant market, the only national CBD office market with a total vacancy below 7 percent. The Melbourne office market is continuing to strengthen.
"By June 2016, the CBD office market had recorded a positive net absorption of approximately 148,000 square metres, due in part to the withdrawal of buildings acquired for the new metro lines and those being converted to residential," HTW said.
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"Melbourne’s offce market has continued to strengthen over 2016 with falling vacancy rates and tightening yields. 
"According to the Property Council of Australia, Melbourne’s CBD of ce market has observed a decline in vacancy rates over the rst half of 2016 from 7.8 percent in January to 7 percent in July, underpinned by positive demand and withdrawal of older office buildings. 
"Melbourne remains the second lowest vacancy rate throughout all capital cities and is significantly lower than the national average of 10.4 percent.
"Brisbane's rolling refurbishment programs will allow the properties to be repositioned within the market and capitalise on the next round of anticipated major tenant moves later in the decade. We believe commercial development heading into 2017 will reduce significantly with only two commercial development projects currently in progress. 
"As premium office accommodation has entered the market, we have seen a tightening in vacancy rates and rental incentives between premium grade buildings and older style, B grade accommodation.
"B grade vacancy rates were reported at 18.6 percent in July 2016. Prime vacancy rates increased from 8 percent in July 2015 to 22.1 percent in July 2016. It is believed that these vacancy rates will force further refurbishment or withdrawal of older stock."
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"Almost 22 percent of Perth’s CBD office space is sitting empty. That is a 2.2 percent increase over the past six months and a 4.5 percent increase from a year ago."
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Office property market in Melbourne, Sydney and Gold Coast rising: Herron Todd White

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Bec and Lleyton Hewitt have listed their little-used Kenthurst acreage for sale. 
They seem set to spend much more of their time these days in Melbourne.
The 100 square home with will no doubt sell for close to $5 million through Guardian Realty agent Gavin Weekley.
When the Kenthurst home sold in 2006 for $3 million it bettered the record for a two-hectare property by $350,000.
But the Hewitts offering remains a single-level, six-bedroom home with resort-style pool that has been overtaken by grander homes that have fetched as much as $6 million. There was a $3.9 million sale next door earlier this year.
The marketing say it has a free-flowing layout spanning more than 100 squares.
"Splashes of vibrant colour are blended with custom timber finishes and hardwood floors, set against a verdant backdrop of manicured gardens and lush lawn," it advises.
The former world number one recently relisted his Melbourne penthouse at $10 million with offers due this week.
Hewitt, who has been based in the Bahamas with his family, had rarely used the St Kilda Road pad until this year.
It is on the 19th floor of Yve tower.
It has been<a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/vic/melbourne/?adid=2011370007&amp;sp=1" target="_blank"> listed by Sotheby’s International Realty</a>, fully furnished.
Hewitt bought the apartments on level 19 and 20 for $8.325 million in 2004 at 578 St Kilda Road.
He then took around four years creating the 710 square metre internal space with six bedrooms and six bathrooms. There is also 443 square metres external space, Sotheby agent Phillip French said,
Bec and Lleyton Hewitt offloaded their three-storey Palm Beach retreat at $4.63 million in 2014.
The Palm Beach Road house cost $4.4 million in 2005.
Th property purchase was just two weeks before tying the knot. 
Bec and Lleyton were both big celebrities in their own right before they combined their star power, kicking off a whirlwind romance in 2005.
He was the then Wimbledon champion and she was a star of the enduring soapie, Home and Away.
The couple, now parents to three kids, Mia, Cruz and Ava, bought a home in Nassau in 2009 for $3.8 million.
Hewitt sold his former Adelaide home for $2,185,600 after six years on the market, for much less than the $3.2 million he paid for it in 2003.
In 2005 Hewitt was the youngest on the BRW Young Rich list with a net worth of $30 million.
The latest listing caps off a busy time for Bec too as her parents' $2.5 million Oakfield property - where Bec grew up - was sold earlier this year after three decades ownership.
This article appeared in the Saturday Daily Telegraph. 
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jchancellor-FAypfDUnLy

Lleyton Hewitt lists Sydney acreage

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Houses in Sydney are in a rising market among those in Canberra, Adelaide, Bathurst and Tamworth, according to Herron Todd White's Property Clock for December. 
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Sydney and Melbourne houses were at peak pricing in November.
In their latest report HTW state after a sustained period of strong growth, the final quarter of 2015 saw a softening residential market across many parts of the nation, with this trend expected to continue throughout Sydney in 2016.
"Despite those expectations, the market continued to see price growth throughout 2016, with double digit growth in a number of suburbs for both houses and units," HTW said.
"Auction clearance rates have recovered since the beginning of the year and are now consistently above 70 percent and 80 percent. 
"Some areas such as the inner west and eastern suburbs have had clearance rates regularly above 90 percent. 
"A major reason behind the increase in clearance rates and sale prices has been the reduced number of properties on the market and majority of properties going to auction rather than private treaty. The usual boom in the number of transactions taking place in spring has failed to live up to past experience.
"Agents have been unable to obtain the same amount of stock compared to 2015. This has caused congestion amongst competing buyers and agents are taking advantage of this. We have seen properties advertised with a price guide only to see prices jump further as they get closer to auction. Sometimes these properties are sold prior to auction for unjustifiable prices."
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The Sutherland Shire suburbs such as Gymea, Kirrawee and Miranda have been strong performers in the housing market according to HTW with Gymea has having growth rates of 10.3 percent in 2016, Kirrawee 4.5 percent and Miranda 7.3 percent (pricefinder.com.au).
The report said while these growth figures are not huge compared to 2015, these suburbs have performed stronger than others.
"A trophy house built in 2012 at 18 June Place, Gymea fetched $2.185 million and a house built in 2015 at 24 Rutherford Avenue, Burraneer sold for $3.3 million... these house sales are showing the strength of the market for quality properties.
"The suburbs which did not perform in 2016 are Engadine, Menai, Bangor and Alfords Point coming back around 2.2 percent (pricefinder.com. au).
"Suburbs such as Monterey and San Souci have seen houses under performing. Monterey house growth was 20.8 percent in 2015 compared to just 8.8 percent in 2016 and Sans Souci was 23.1 percent in 2015 compared to 9.1 percent in 2016. 
"On the eastern beaches, the suburb of North Bondi has been performing well with growth of 22.4 percent in 2016 and a median house price of $2.5 million compared to 2015 which was 13.1 percent growth and a median house price of $2.287 million.
"Lastly the popular city fringe suburb of Paddington has seen growth of 16 percent with a median house price of $2.03 million. The strong performance is an indication that the market has caught up from previous years as in 2015 the growth was 8.7 percent and median house price was $1.75 million and in 2014, growth was 3.8 percent and median house price was $1.61 million (pricefinder.com.au)."
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Sydney houses still a rising market: December 2016 HTW Property Clock

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Having bought around the corner in Clontarf, the former Aussie fast bowler Brett Lee and wife Lana sold their redundant Seaforth waterfront home on the weekend.
The paperwork was being signed inside the three level home as auction attendees were being turned away.
Clarke and Humel agents Cherie Humel and Michael Clarke was suggesting $4.8 million, with the last minute negotiations hooking a buyer at just shy of $5 million.
The couple paid $4.25 million for the four bedroom waterfront in 2013. Every level of the three storey home overlooks Middle Harbour, from the opulent master suite to the infinity pool and spa.
The fast bowler Brett Lee will be trading up into a four bedroom Clontarf residence that has cost more than $5 million. 
The Sydney home auction market commenced summer on a weaker note, according to Domain economist, Dr Andrew Wilson but sellers continued to flood the market ahead of the looming Christmas break.
"Although Saturday’s rate was the lowest recorded by the local market for over four months, it was nonetheless still a good result for sellers and reflected the surge in listings over recent weekends," Dr Wilson said.
It has been a big year for the current Australian test cricket team too, from the captain down.
Steve Smith took a shine to Balmain property when he snapped up his second investment on the pensinsula, a contemporary apartment in a boutique conversion of the Tin Sheds that cost $1.345 million.
The year's off field activity began when David Warner and wife Candice sold their home in South Coogee for $7.05 million with plans to build on a Maroubra oceanfront reserve block bought last year for $3.9 million.
Nathan Lyon has just upgraded in the Sutherland Shire.
He paid $3.8 million to buy a Port Hacking waterfront from the soccer legend Charlie Yankos and his wife, Jill.
Next weekend Mitchell Starc auctions his Mosman home after he and wife, Southern Stars cricketer Alyssa Healy bought the $5,235,000 North Curl Curl home of Jennifer Hawkins and her husband Jake Wall.
Starc has listed through McGrath Mosman’s Michael Rava with $5.5 million hopes.
Starc's fellow new ball partner in the Australian Test team attack, Josh Hazlewood, recently secured a Hunters Hill property for $3.8 million.
This article first appeared in the Sunday Telegraph.
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