<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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

<html><body>
The lazy half-a-million offers a range of property options in Melbourne’s eastern suburbs, with a three-bedroom house in the outer east to four-bedroom houses on 500 sqm of land a little further on the south-eastern side. 
This is the inference from valuation firm Herron Todd White’s July 2016 residential market report, which discusses properties in the sub-$500,000 range.
Outer Eastern Suburbs 
Within the outer eastern suburbs, $500,000 can in general enable investors to purchase either a two- or three-bedroom house with a rental yield between 3.5% and 4%. In Bayswater for example, a two-bedroom house can be purchased for on average $456,000 (www.realestate.com.au) and achieve a weekly rental of $310 per week. Similarly, Boronia and Moorolbark still have two-bedroom houses with an average selling price of $482,500 and $462,500 respectively. In comparison, in the newly established Harcrest Estate, located in Wantirna South, sub-400 square metre lots are selling for just below the $500,000 mark or $1,300 per square metre. 
For investors looking to benefit from higher returns, Monbulk which has an average purchase price of $500,000 is perhaps one of the more profitable options, with average rental yield of 4% and demand for properties remaining high. The reason for this is the generally lower supply of properties available in the suburb as well as its reputation as a leafy family- friendly suburb, also popular with retirees. 
Units are perhaps another area to consider for investors wanting to strong arm their way into suburbs which have arguably a better location and are closer to amenities and access to public transport. For example, in Croydon, unit and townhouse prices are on average $465,500 and rents achieved approximately $350 per week, resulting in a gross yield of 3.9%. However, once service charges and other costs are taken into consideration, this figure is likely to be somewhat reduced. 
Units in Ringwood are also on average selling for $500,500 and rent for $343 per week. Given the extent of development that has taken place within the suburb in recent years, most notably the redevelopment of Eastland Shopping Centre and the train station, investors may regard this as a good investment for future capital growth, especially with annual growth for units for the period 2014-2015 being 10.6%. 
Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/property-unit-vic-croydon-122900742" target="_blank">24 Broughton Avenue, Croydon, Vic 3136</a> which sold recently for $485,000.
<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/2016/07/26/Melb%20east%201.jpg" alt="">
<div>
South Eastern Suburbs 
</div>
If you are willing to sacrifice proximity to the city then head to the outer south east, where $500,000 will get you quite far. Suburbs such as Cranbourne, Officer, Pakenham, and Clyde North provide many options for buyers with a $500,000 budget. 
In these suburbs this budget will cover a newly built four-bedroom home on roughly 500 square metres of land in one of the newly released estates. 
“A new wave of double-story townhouses on smaller blocks in Cranbourne is just starting to hit the market. One of these will set you back around $350,000,” say HTW in the report.
“Original double-brick dwellings in Frankston North have seen growth over the past six months and $500,000 will buy you plenty of house on a decent sized block, with close proximity to the beach.”
Between Hampton Park and Langwarrin there are plenty of opportunities to purchase either a house, townhouse or parcel of land in this price bracket.
Property Observer found a three-bedroom townhouse on www.realestate.com.au at <a href="https://www.realestate.com.au/property-townhouse-vic-cranbourne-120898661" target="_blank">75/1030 Cranbourne-Frankston Road, Cranbourne</a> for $360,000.
<div class="propertyStats"> </div>
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prateek24-ezbwHMbNAk

$500,000 can buy you a townhouse in Melbourne's outer east, south-east: HTW 

<html><body><div class="propertyStats">
Where would you park a lazy half million dollars in the South West of Western Australia? Property valuation firm Herron Todd White explores the options in its July 2016 residential market report. 
A good option for medium to long-term capital growth in the south west is along the coastal strip on the northern side of Bussell Highway traversing the suburbs of Busselton, West Busselton, Broadwater and Abbey. This coastal strip is nearly 500 metres in width and runs for approximately 10 kilometres along the Geographe Bay. 
“As the City of Busselton continues to grow at a strong rate, this well located section of land will continue to grow in desirability and affluence as the urban sprawl continues to be pushed further away from the coast line,” says the HTW report. 
“This consequently will result in good capital growth over the medium to long term as an increase in population will lead to stronger demand for product that has limited scope to increase in supply. As such this well positioned and limited coastal strip would represent a good option for a prospective purchaser looking to invest $500,000.”
Entry point into this market is $500,000, which would secure a very basic residence with the vast majority of the value being in the land. While the rental return of the investment would be weak, purchasing within this coastal strip would provide a strong opportunity for capital growth over the medium to long term. 
Moving 50 kilometres north from the City of Busselton lands the prospective purchaser in Bunbury. Throughout South Bunbury and East Bunbury there have recently been some zoning changes which are encouraging higher development within these areas. Properties of 700 to 900 square metres which were previously single residential now have duplex or triplex potential. As these zoning changes are introduced, now would be a good opportunity to invest $500,000 for medium to long-term capital growth. 
A third option would be to invest in Dunsborough which is a very well sought after and renowned coastal town positioned in the south west. Dunsborough is located within Geographe Bay and attracts a higher number of tourists given its beaches and proximity to the world renowned Margaret River wine region. 
More specifically we see the coastal strip that runs from north of Caves Road to the beach as being a good area to invest. Generally this pocket has residential dwellings positioned on good sized lots of 800 square metres and above and located in very close proximity of the ocean, stimulating demand. Entry point for this market is $500,000 which would secure a very basic residence with the vast majority of the value being in the underlying land. 
“If these properties were to be purchased with a view to being held for the long term, good capital growth could be expected as the area historically has performed well,” say HTW.
The costal strip in the City of Busselton, Dunsborough and development sites within South and East Bunbury are just a number of options among many opportunities within the south west to invest $500,000. 
As a case in point, Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/property-house-wa-busselton-121367426" target="_blank">41 Brown Street, Busselton, WA 6280</a> that recently sold for $440,000.
 
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jonathanchancellor-7SQnKwU6yx

$500,000 in South West WA buys you a three-bedroom place, long-term growth: HTW

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How do you solve a problem like traffic, noise and pollution in our growing cities? For the Spanish city of Barcelona, the answer could lie in the creation of ‘superblocks’.
Under the plans, the Catalan capital intends to restrict traffic to a number of big roads, creating pedestrianized, small communities within the city’s grid system. It’s hoped that doing so could reduce traffic by 21 percent as well as free up around 60 percent of the city’s streets.
“The aim is to improve the quality of life for people in the city’s inner suburbs,” says JLL’s Luis Guardia Torres, JLL director, General Cataluña. “Superblocks should lead to a more sustainable, greener environment with greater productivity within these communities.”
Impact on retail and rents
The areas identified for superblocks are on a grid system – streets containing residential apartment blocks on upper floors, with retail space on the ground floor.
More people circulating at street level should be good news for the area’s retailers, who have been particularly hard hit by the rise of online shopping. Unlike the city’s malls or high streets, they’ve never been able to offer the attraction of a day out or shopping experience.
Guardia is hopeful. “We have seen in the past that, where streets are pedestrianized, more retailers want to take on leases,” he says. “The real estate becomes a more interesting proposition. And if we see an increase in good tenants coming into these areas, with strong competition for this kind of retail space, rents may rise and they’ll attract investors.”
Without noise from traffic, these areas will become nicer places to live and this will impact residential prices, too. “We don’t have the forecasts yet because these changes will be slow but in time there’s likely to be an increase in rents,” Guardia says.
“In the very long-term you could even see small hotels moving out, given the proposed changes in the law to restrict the number of hotels in the city centre. But that’s a way off because these laws have yet to be finalized,” he says.
A model for other cities?
Guardia even suggests that this model could impact cities beyond Barcelona. “Many cities look to Barcelona for ideas and inspiration. It’s become one of the top five tourist destinations in Europe, largely because of City Hall interventions in the wake of the 1992 Olympic Games. Other cities will be watching the superblocks and wondering if they can adapt this model.
“After all, all cities need solutions for traffic and pollution, plus they need to maintain a high quality of life for inhabitants and create a thriving retail environment.”
Barcelona’s reputation for bringing about successful urban change is strong. The city has turned an industrial area into a mixed-use residential, office and technology quarter, and created a mixed-use waterfront area with several beaches from a former port. Perhaps superblocks are the natural next step for this innovative city.
This article featured in JLL Real Views
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Can the idea of superblocks improve city living?

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Lendlease has moved into its new global headquarters in Barangaroo South’s International Towers Sydney.
Around 2,000 employees occupy levels 8 to 19 of Tower Three’s 39 floors, with Lendlease chief executive officer and managing director, Steve McCann said the company’s iconic new headquarters was a significant milestone.
<img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_020_Low.jpg" alt="" width="443" height="296">
“Our new home brings innovative thinking to the challenge of the 21st century workplace. It combines the best of both traditional workplace strategies and new ways of working - connecting people, knowledge and teams to deliver more seamless communication and better results,” he said.
<img src="/images/2016/07/26/_27barangaroo.jpg" alt="" width="631" height="947">
“Our people now have access to a wide range of spaces - whether inside the workplace or enjoying the new Barangaroo precinct at one of the many cafés or special spaces.
<img src="/images/2016/07/26/700_LEase_MD.jpg" alt="">
CEO and managing director, Steve McCann above
Levels 13 and 14 feature a six-metre high wall with over 5,000 plants with employees provided with nutrition options, standing desks and green spaces.
<img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_001_Low.jpg" alt="" width="548" height="366">
Tower Three received a 6 Star Green Star Office Design v3 rating from the Green Building Council of Australia.
 <img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_022_Low.jpg" alt="" width="318" height="476">
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Lendlease showcases new international headquarters at Barangaroo

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A new $70 million business park in Melbourne's technological precinct of Notting Hill is being marketed by CBRE for sale and lease.
Uni Central at 19-53 Duerdin Street is a two-stage development comprising office and industrial spaces. Construction of Stage One has just completed and ready for occupation.
The business park comprises single-storey buildings, an on-site café and conference centre. Stage One has 28 office suites ranging from 40 sqm to 164 sqm, with about 65% presold.
Among the early occupants, hardware product merchandiser Strikeforce has pre-leased 800 sqm of office and 500 sqm of warehouse space in Stage One, while medical equipment firm Mediquip has purchased an off the plan turn-key solution.
CBRE's Elise Betts and Bryce Pane have been appointed for leasing the units.
“The park offers quality construction and premium finishes, built by Bryson Group, a proven developer. Uni Central is in the technological precinct of Notting Hill and is built to an integrated masterplan, it also benefits from convenient access via major arterials," said Betts.
The office to warehouse ratio in both stages is 30/70.
“Owner occupiers, such as trades, import/exporters, e-commerce and design companies are likely to show the most interest in the units,” Pane said.
Stage two is under construction and offers 12 office/warehouses in sizes from 263 sqm to 525 sqm.
Six hi-tech units with 60% office and 40% storage also form part of Stage Two, aimed at attracting occupiers with a large workforce who benefit from the close proximity to Monash University, CSIRO and the Synchrotron.
“Occupiers in the medical, computer, research, tech and communications industries are amongst the most likely end users,” Pane added.
Stage Two is expected to be delivered in Q2 2017.
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$70 million business park in Melbourne up for sale or leasing

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Storage and racking specialist Meca has secured a new office/warehouse in Melbourne's Derrimut for $3.6 million to accommodate its expanding operations. 
The 3,620 sqm property at 49 Calarco Drive comprises a brand new office warehouse with exposure backing onto the Western Highway. 
The building has a two-level office and high clearance warehouse accessed by multiple on grade doors and a recessed loading dock. 
CBRE’s Harry Kalaitzis and Todd Grima negotiated the sale on behalf of a private vendor. 
 
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Storage firm Meca buys warehouse in Melbourne's Derrimut for $3.6 million

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A local owner-occupier has paid $8.6 million for an office/warehouse complex at Hornsby in Sydney’s north-west in an off-market deal brokered by Savills Australia.
The 29-33 King Road property comprises 4,697 square metres of industrial office and warehousing across three buildings, including 3918 square metres of warehouse and insulated cool room space and 779 square metres of office space. 
The property — one of the largest industrial facilities in the Hornsby Industrial Precinct — was sold subject to a short-term lease to integrated ovens and baking systems maker, Auto-Bake. 
Selling agent Leigh Burges of Savills said the buyer was seeking a spacious and well-presented facility with an efficient layout, including cranes and truck marshalling areas, in a good location.
The King Road location offers quick access to the M1 and M2 motorways, Burges said.
The vendor was a private investor.
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Owner-occupier pays $8.6 million for warehouse in Sydney’s Hornsby through Savills

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Healthcare recruitment agency Heath Staff Solutions has agreed terms on a sub-lease in DEXUS Property Group’s One Margaret Street building in Sydney.
The two-year sub-lease will see HSS take 153 square metres at an annual rental of circa $115,000 net.
The 18-level A Grade office tower is in the western corridor of the Sydney CBD overlooking Barangaroo.
"Health Staff Solutions required a suite which was appropriate to the firm’s corporate image," said Savills agent Chris Rowe, who brokered the deal along with Knight Frank’s Seann Cash.
"One Margaret Street is a quality building with impressive services and an excellent energy rating in one of the CBD’s best locations,’’ Rowe said.
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Healthcare recruiter takes lease in Sydney CBD 

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A tavern in Queensland's ‘sugar capital’ of Mackay is being offered for sale by Ray White Hotels Australia.
The Andergrove Tavern at 64 Andergrove Road includes a public bar, sports bar, gaming room with 45 gaming machines, a bistro and dining area with a commercial kitchen and a drive-through bottle shop.
Marketing agents Tony Bargwanna and Leon Alaban of Ray White Hotels Australia are running an expressions of interest campaign till September 8
Bargwanna said the tavern is operated under management and has undergone a $4 million refurbishment. The land area is nearly 1.96 ha and has development potential subject to council approval, he added.
Mackay, nearly 970 km north of Brisbane, is known for being a major sugar producer and higher prices have helped the regional economy.
Alaban said other positives for Mackay include its proximity to the Whitsunday Islands and the Great Barrier Reef.
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Tavern for sale in Queensland's 'sugar capital' 

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A seven-storey office tower fully leased to the federal government in Canberra CBD has been put up for sale by Credit Suisse Real Estate Investment Management.
The A-grade building at 62 Northbourne Avenue is being marketed by CBRE’s Mark Hansen, Andrew Stewart and Richard Butler through an international expressions of interest campaign.
“Canberra is a classic, safe haven investment, which has always attracted offshore money,” Hansen said.
“Because of the stability of tenure, fixed reviews and long-term leases that the Commonwealth government provides, we expect this property to attract the interest of a number of investors seeking security."
The building has a 5 star NABERS rating and is adjacent to a proposed light rail project.
Stewart said the Canberra market was benefitting from an influx of investors looking outside of Melbourne and Sydney.
“Canberra has seen some significant yield compression in the past two years, with it seen as the next go-to-market – offering a stable economy and strong tenancy profile in many assets,” he said.
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