Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

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Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Joel Robinson

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" 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/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Adelaide

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Adelaide United have secured a sponsorship deal with the Adelaide-based Chinese property developer Datong. 
It's a two-year sleeve sponsorship of the A-League side.
The Reds will boost their Asian profile by playing games in China, Adelaide United’s chairman, Greg Griffin, said.
“We are delighted to be the first Australian football club in a major national sporting competition to secure a major Chinese company as a significant sponsor," he said.
Datong is a major developer in China building prestigious apartments and commercial buildings exclusively in Adelaide.
Datong is chaired by Jin Liang.
From Chinese foundations in 1988, it has had a presence in Adelaide since the early 2000s, with apartment developments currently underway in both Flinders and Gouger streets with another project earmarked for Waymouth Street.
‘Da’ means large or leading, while ‘tong’ is a metaphor for a smoothened road.
Image courtesy of Football Australia. 
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jchancellor-FAypfDUnLy

Datong developer group sponsors Adelaide United

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George J Nowak, of the Charterhill Group, has filed for bankruptcy after the Federal Court in Adelaide froze his assets and those of his wife back in February.
At the time, the <a href="/news/federal-court-freezes-assets-of-charterhills-george-nowak">court had ordered the surrender of their passports, and restricted their travel outside of the country</a>, while ASIC investigated the collapse of the Charterhill Group.
The Charterhill Group specialized in assisting clients to invest in property with their SMSFs. This left nearly $6 million of super at risk.
Macks Advisory’s Peter Ivan Macks has been appointed as Nowak’s trustee, and he has advised that the bankruptcy came following an appointment of liquidators to companies within the Charterhill Group Lending Solutions International Pty Ltd and Nova Real Estate Pty Ltd.
Nowak, who lodged a statement of affairs with the trustee, listed 31 companies he was director and/or shareholder of.
The statement of affairs was signed and dated 30 June 2014, and lodged with the Debtor's Petition on the same day. The Debtor's Petition was accepted on 2 July 2014.
It is noted that unsecured creditors totals approximately $7 million. This includes a claim in his estate, brought by Nova Real Estate’s liquidators – of approximately $6 million.
Investigations are underway, but return to creditors at this stage is unlikely.
The following companies in the Charterhill Group were placed under external control in February:
•    Lending Solutions International Pty Ltd – liquidators appointed (Andrew Heard and Anthony Phillips of Heard Phillips)
•    Nova Real Estate Pty Ltd – external administrators appointed (Andrew Heard and Anthony Phillips of Heard Phillips)
•    EJ Property Developments Pty Ltd – receivers and managers appointed (Michael Basedow and Leigh Prior of Pitcher Partners)
•    Financial Wellness Pty Ltd – receivers and managers appointed (Michael Basedow and Leigh Prior of Pitcher Partners).
YOU MAY ALSO WANT TO READ
Investor update: <a href="/news/investor-update-charterhill-issues-clients-apology-after-closure">Charterhill issues clients apology after closure</a>
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jduke-EHk3XBmHkn

Charterhill's George Nowak files for bankruptcy following liquidation of companies

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A new shopping centre in Golden Grove is set to be completed in March 2015, providing an early opportunity for retailers.
Called The Stables Shopping Centre, the anchor tenant is a 3,884 square metre Woolworths supermarket, and there will be 15 speciality shops, including two kiosks, and 260 car parking spaces.
Located on the corner site at Golden Grove and Crouch Roads, it will cover 1,600 square metres of speciality shops. A Chemmart pharmacy has committed to the centre, and the other tenants are expected to be fresh food stores, take away outlets and retail services.
Knight Frank retail leasing executive Russell Iles is currently pre-leasing the centre, noting that it will provide employment opportunities for local residents and is near growing new residential estates.
“There has been strong interest with the Woolworths anchor tenancy secured, as well as national retailer Chemmart,” said Iles.
He noted that the stores and kiosks range from 40 square metres to 135 square metres.
“Since the commencement of construction, there has been strong interest from both local and national franchise chains for establishing a presence in this growing area that are looking for franchisees to take on the new stores. The centre will suit tenants ranging from fresh food and takeaway outlets through to retail services,” he said.
The shopping centre is some time in the making, with Adelaide Now reporting last year that the plans had been approved – some eight years after they were first announced. They note that childcare and a medical centre are also expected for the site.
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Golden Grove, Adelaide’s new retail precinct due for 2015 completion

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Aldi and Costco are setting up in Adelaide.
Aldi has purchased a site in Regency Park for their distribution centre to service the planned network of stores in South Australia. 
The Naweena Road distribution centre is planned as a 30,000 square metre space due for 2016 completion.
The plans are to open between 40-50 stores in the South Australian market over the long term. 
Costco have started construction on their 14,000 square metre facility at Kilburn due for 2015 completion, part of its expansion.
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Aldi and Costco heading to Adelaide

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Malcolm Royce Jones, a 52 year old from Woodville North, faces fraud charges that are worth “millions” for allegedly stealing $170,000 from his clients as their mortgage broker.
Having admitted to these dealings that occurred in September 2012 he now faces 78 charges as a result of further findings, according to Adelaide Now.
Jones appeared in the District Court in front of Judge Jack Costello and pleaded guilty to one aggravated count of dishonestly dealing with a document, as well as one charge of attempted deception, essentially enabling him to access the cash.
Prosecutor Peter Longson said further charges would be filed as more criminal conduct has been identified.
The Advertiser reported that victims “packed the court” to see him face charges.
However, his defence lawyer Andrew Moffa, said that much of the money for the victims had been secured with inquiries being made into what can be recovered prior to sentencing. It appears that the level of compensation available is forming some of the defence case.
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Adelaide mortgage broker pleads guilty to dishonest dealings, further charges to follow

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Walker Corporation has launched the second stage of its Vicinity Industrial Base in Adelaide given the<a href="https://www.vicinityindustrial.com.au" target="_blank" style="line-height: 1.3em;"> first stage of the 100 hectare estate has almost sold out</a>.
Cahill Transport, Nick Scali Furniture, Rand, Toll NQX, and Kimberly-Clark have taken space at the Direk estate since its initial 2008 launch.
<a href="https://www.realcommercial.com.au/property-land+development-sa-edinburgh-5558505" target="_blank">Vicinity</a> ranks as Adelaide’s most successful industrial subdivision in recent years. It will eventually have about 4000 workers.
 
 
 
<img src="/images/2014/06/18/industrila-estate-june-18-one.jpg" alt="">
However, Colliers International’s latest industrial report <a href="https://www.colliers.com.au/~/media/Files/Corporate/Research/Industrial/Industrial%20First%20Half%202014.ashx" target="_blank">Investors Tighten Their Grip</a> suggests the pending Holden’s Elizabeth plant closure would put pressure on Adelaide’s industrial market.
"The announcement of the Holden plants closure has come as a blow to certain parts of to the South Australian industrial market. 
"Holden and suppliers to the Holden plant account for a significant amount of employment, economic activity and occupiers in the Adelaide Outer North industrial market.
"Although this is likely to have a significant impact on the Outer North, other significant industrial markets in the West, Inner North and South are unlikely to see significant falls in occupancy. 
"Also the full effects of this closure are likely to be staggered as the plant will not cease production until 2017.
"This allows for some time for the South Australian economy to readjust and absorb some of the workforce left from the Holden closure.
"Increases in vacancy in the Outer North are likely to be most acute from 2017 onwards," the Colliers report suggested.
Overall Colliers considers demand for industrial space appears to have improved over the last six months with the level of enquiry and size of requirements improving over this time.
Logistics and transport have been the key tenant type which has driven demand over the last 12 months, supported in part to the significant increases in online retail. 
Tenants looking for prime quality industrial space over 5,000m2 have very limited choices in the Adelaide industrial market with the vacancy rate tightening in the Adelaide industrial market to 4.2%, compared to 4.4% in the second half of 2013.
Overall rentals have eased slightly over the last 12 months with a rental range of $78 per square metre in the Outer South to $143 per square metre in the Inner West.
"Incentives across the market have remained stable with prime incentives currently quoted between 10-15%.
"The outlook for the Adelaide industrial market will be challenging in the Outer North and possibly Inner North in the medium term.
"This is due to the structural change from the automotive industry to another use, which will take time. "For the other industrial regions the outlook is more positive, with demand and enquiry likely to pick up and the lack of A grade space is likely to drive more new construction to meet demand over the next 12 months to two years."
It was in 2008 when Walker Corporation announced it was partnering with prominent South Australian developers Daycorp and Badge on the industrial estate in Adelaide's northern suburbs after the investment by government in transport infrastructure in the region.
The land was being offered from $85 per square metre in 2008.
Some $88 million of Adelaide industrial property transacted during 2013, around 42% below the transactions in 2012.
The largest sale in the year was the new Rand facility which sold in August for $32.3 million by the developer, Pacific Group to Cromwell Property Trust.
Rand Refrigerated Logistics is a 10,500 square metre food distribution centre at the corner of Heaslip and Edinburgh roads. 
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Walker Corporation launches Vicinity Industrial Base, Adelaide second stage

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The standout market for me at the moment is Adelaide.
The South Australian capital has more forward momentum than most of the capital cities. Given that this has not yet translated into major price growth, it represents an opportunity for investors.
Adelaide is the only capital city which ended 2013 with sales volumes rising significantly and carried that into the early part of 2014. Some of our cities peaked, in terms of sales activity, in early or mid 2013. Some ended 2013 strongly but made a lukewarm start to 2014.
But SA is really just beginning its run.
Sales volumes are now 25% higher than they were at the start of 2013. Figures from the Australian Bureau of Statistics and Australian Property Monitor for the March quarter showed some movement in prices, but nothing substantial – around 1% for the quarter, with annual median price growth hovering around 4%.
The numbers will be larger by the end of the year. Throughout Adelaide there are suburbs with strongly rising sales activity.
What makes Adelaide so attractive for property buyers is that it’s by far the cheapest mainland capital city. You can buy two Adelaide houses for the price of one Sydney house.
The standout area of Adelaide, the one with the most forward momentum and the most compelling growth drivers, is down in the far south of the metropolitan area.
The municipality of Onkaparinga has an array of growth markets and is boosted by significant new transport infrastructure.
The new rail links to <a href="/news">Seaford</a> are now operating, with plans to further extend the line south to service areas like <a href="/news">Aldinga Beach</a> and <a href="/news">Port Willunga</a>.
At the same time, the $500 million upgrade of the Southern Expressway is under way. The two infrastructure projects together are revolutionizing transport links from the south to central Adelaide, a factor that usually supercharges property markets.
This is showing up in the sales figures. Several Onkaparinga suburbs are moving forward strongly, including Aldinga Beach, <a href="/news">Flagstaff Hill</a>, <a href="/news">Happy Valley</a>, <a href="/news">Huntfield Heights</a>, <a href="/news">Woodcroft</a>, <a href="/news">Aberfoyle Park</a>, <a href="/news">Christies Beach</a>, <a href="/news">Christie Downs</a>, <a href="/news">Port Noarlunga South</a>, Seaford and <a href="/news">Seaford Rise</a>.
Other areas of Adelaide with plenty of forward-moving markets include the municipalities of Campbelltown (a cluster of inner north-east suburbs, mostly with median house prices in the $400,000s), Holdfast Bay (bayside area including <a href="/news">Glenelg</a>) and <a href="/news">Salisbury</a> (lower end northern suburbs, with median prices mostly in the $200,000s).
There’s also steadily rising activity in the inner-city apartment market.
The hard part is convincing anyone that Adelaide and South Australia are worthy of investment. The state and its capital city lack the growth reputation that draws investors to Queensland and Western Australia. 
Even South Australians are reluctant to invest in Adelaide. Now would be a good time for an attitude adjustment.
You can contact Terry via  <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>.
Photo courtesy of Doug Barber/ <a href="https://creativecommons.org/licenses/by-sa/3.0/" target="_blank">Creative Commons</a>.
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terryryder-YECXbqmri2

Adelaide is the standout market and opportunity for investors

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It was a bit like a five setter, but tennis star Lleyton Hewitt has finally sold his long-vacated $3 million West Lakes house in Adelaide.
The home in Adelaide’s west had been listed through <a href="https://www.harcourts.com.au/Property/534402/SSM081008/29-Martin-Court" target="_blank">Harcourts Aqua agent Steve von der Borch</a>.
His hometown Adelaide property was first listed in November 2008 with a $2.95 million to $3.24 million price range.
It has been sold for about $2.5 million, Fairfax Media reported. The 29 Martin Court property with its 801 square metre block was bought in 2003 for $3.2 million.
It has been vacant for most of the time with Hewitt and his wife Bec having no plans to return to the luxury home. The poolside mural featured on Property Observer's recent roundup of <a href="/expert-insights/should-you-paint-over-that-artwork-before-selling-your-home-five-examples-of-murals-currently-on-the-market">homes with murals currently on the market</a>.
RP Data puts the <a href="/developments/west-lakes-sa-5021">West Lakes</a> median house price at about $610,000.<a href="/news"> </a>
The home was delisted last October when Hewitt’s parents Glynn and Cherilyn Hewitt gave permission to upload interior photos of the 29 Martin Court property as part of the marketing.
“We’re not selling a secret anymore and we can make a bit of noise about it, so we’ve put it up online and will put it up on an international website and very likely it will form part of what we’ll take to China for a property exhibition in Shanghai in December,” Mr von der Borch told the local paper.
The family live in Nassau, in the Bahamas, with their three children — Ava, Cruz and Mia. They retain homes at Kenthurst and Palm Beach in Sydney. Their St Kilda Road, Melbourne apartment on the 19th floor of Yve is quietly for sale.
The home with 700 square metres of living space has five bedrooms, four bathrooms, an indoor lap pool, spa, and sauna area with mural, rock wall water feature.
<a href="https://www.propertyobserver.com.au/images/stories/2013/10/02/west-lakes-oct-2-floorplan-big.gif" title="Click to enlarge" rel="shadowbox"><img src="https://www.urban.com.au/images/stories/2013/10/02/west-lakes-oct-2-floorplan-small.gif"></a>
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Lleyton Hewitt sells long vacated West Lakes, Adelaide former home for a loss

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The Myrtles, the historic Medindie, Adelaide mansion has been sold for $5 million to a Chinese buyer with local connections.
The most expensive residential sale in SA history is <a href="/news">Glenelg</a>’s historic Stormont mansion, which sold for $6.5 million in 2010.
Last year’s highest residential sale price in Adelaide was 11 Robe Terrace, <a href="/news">Medindie</a>, a single storey 1900 home on almost 4000 square metres which fetched $4,917,000 in January 2013.
There's speculation that 4 Victoria Avenue, <a href="/news">Unley Park</a> was currently under contract at $5 million plus. The 1920s house on 4622 square metres last sold at $2.95 million in 2004.
The Myrtles sold for $5.2 million in April 2006, but the most recent sale was in July 2007 at $3.9 million.
The renovated 1890-built home on 2,200 square metres has six bedrooms in the main home and a separate self-contained apartment.
{qtube vid:=OvzxT3R34kA}
The Myrtles, at 7 Myrtles Court, sold through<a href="https://www.realestate.com.au/property-house-sa-medindie-115594939" target="_blank"> Harcourts Brock Williams agents John and Stephanie Williams</a>.
“You don’t see too many $5 million private residential sales in South Australia, and I think this is the first one for a couple of years,” Williams told News Ltd papers.
It was once the home of property identities Cathy and Myles Pearce who made a splash on the national stage at the Block auction in the Manly series.
The home boasts 850 square metre of space including formal entrance gallery.
Its chef’s kitchen comes with four ovens, two dishwashers and a cold room.
The grounds come with floodlit synthetic tennis court, a heated pool and spa and an outdoor kitchen.
The home has featured in movies, including Shine, and the television series McLeod’s Daughters.
<a href="/news/the-countrys-most-beautiful-homes-the-winners">It was ranked among the most beautiful homes across Australia</a> on its late 2013 listing by Property Observer readers.
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The Myrtles, Medindie trophy mansion sells to Chinese buyer

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Baltimore, a five bedroom, 2010-built home in Adelaide's prestigious suburb, Springfield sold for $3.26 million at weekend auction.
It came with twin garages for up to 17 cars. There is one garage space that is 16.5 metres by 12.6 metres wide, and another space at 11.4 metres by 5.2 metres wide.
The 1584 square metre grounds had swimming pool and tennis court.
The home has a commercial-grade eight person lift which leads down to a garage with its polished Italian stone tiles. 
"A car collector's paradise," was how <a href="https://www.realestate.com.au/property-house-sa-springfield-112472467" target="_blank">John Williams at Harcourts Brock Williams marketed the property</a> for its May 31 auction, offered under bank instructions.
There were around 30 bids from the five registered bidders.
The property had previously transferred at $4.25 million in mid-2012, before it was initially listed with $4.5 million hopes in late 2012. Last November there were $3.9 million hopes through Jamie Brown at Bernard H Booth.  
<a href="https://www.adelaidenow.com.au/realestate/lavish-living-with-built-in-batcave-at-17-elmglade-rd-springfield/story-e6frefdl-1226532422618" target="_blank">The 2012 buyer, then vendor was reportedly George Nowak from the Charterhill Group who suggested "</a><a href="https://www.adelaidenow.com.au/realestate/lavish-living-with-built-in-batcave-at-17-elmglade-rd-springfield/story-e6frefdl-1226532422618" target="_blank">it feels like you have your own David Jones carpark."</a> 
"There is a home theatre in the garage so it's almost like a Batcave style and has a magnificent feel and amazing acoustics," he also said when it was offered in late 2012.
But Nowak, whose SA accountancy firm specialising in SMSF property collapsed last year, had bought the Springfield property via a family member, according to the SA Today Tonight program. <a href="https://www.todaytonightadelaide.com.au/stories/charterhill" target="_blank">There was $500,000 vendor finance, the Today Tonight reporter Frank Pangallo said</a>.
The house sits behind electric entrance gates.
<a href="https://www.brockwilliams.net.au/selling/SA/Eastern-Suburbs/SPRINGFIELD/House/1P0845" target="_blank">The property traded in 2008 at $1.2 million</a> with an eight bedroom Georgian style home.
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