Gold Coast property professionals Jared Johnson and Zac Potter have teamed up to launch their debut property development, Basalt Lane, a boutique collection of architecturally designed warehouse units set to rise in Tweed Heads South.

Potter, a proven developer in his own right, is the founder of 21 Property Group and son of respected developer John Potter, while Johnson, director of leading commercial real estate agency Coastal Commercial, has been involved in hundreds of high-profile industrial transactions across South-East Queensland and Northern NSW.&nbsp;

Located at 80–82 Industry Drive, Basalt Lane will feature just eight premium warehouse units with flexible low-impact zoning, rare dual street access, and sleek, contemporary finishes not often seen in the Industrial sector. Construction is scheduled to commence in Q4 2025.

“This joint venture made sense from day one,” says Johnson, who is spearheading the sales campaign.

“Zac brings proven development experience, and I have a strong grasp of the local industrial market through years of commercial sales in the area. By combining our strengths, we saw an opportunity not just for ourselves — but to deliver something the local community genuinely needs. There’s a clear demand for modern, flexible, and flood-free industrial spaces in this region, and Basalt Lane is our answer to that.”

Strategically positioned just 700 metres from the M1 Motorway and under 10 minutes from Gold Coast Airport, the project offers high appeal for investors, small business owners looking for a coastal work base with premium connectivity or a secure storage solution.

The launch of Basalt Lane comes amid a surge in industrial development across the Tweed region. According to Tweed Shire Council, the area is undergoing major transformation, including the Industry Central Land Swap, a government-backed initiative relocating flood-affected businesses to higher ground. The $11.3 million program is creating modern, job-generating industrial hubs built for long-term resilience.

Projects like Quarry Business Park, also marketed through Johnson’s Coastal Commercial — are also breaking ground in 2025 — highlight the growing demand for flood-free, future-proof industrial space in one of Australia’s fastest-growing regional economies.

“We’re proud to be contributing to the next chapter of growth here,” said Potter. “Basalt Lane is a long-term play — it’s designed to deliver value now and remain relevant for years to come.”

The project responds to broader market trends, including the rise of flexible “co-warehousing”, demand for hybrid industrial-office spaces, and growing interest in regional coworking hubs. With Australia’s coworking sector forecast to grow at 23.6% CAGR to 2030, and similar small-scale developments selling out in major cities, Basalt Lane offers a timely, lifestyle-forward business solution.

Potter and Johnson bring years of experience across real estate and development throughout the Gold Coast and Northern Rivers corridor. For them, Basalt Lane represents more than just a business move — it’s a personal milestone.

“There’s no big fund behind us. We’re not a national group,” said Potter. “We’re two mates with experience and vision and we’re having a go.”

With limited supply and rising demand, Basalt Lane is expected to attract strong early interest from entrepreneurs, trade-based businesses, owner-occupiers, and investors seeking solid long-term returns in a high-growth coastal hub.

Jared Johnson and Zac Potter, have teamed up to launch their debut property development: Basalt Lane, Tweed Heads - a boutique collection of architecturally designed warehouse units set to rise in Tweed Heads South.

Urban Editorial

Gold Coast entrepreneurs launch premium industrial project in booming Tweed Heads South

Enfield may be home to fewer than 3,000 residents, but its prime location between Strathfield and Burwood has cemented its status as one of the Inner West’s hidden gems.

The suburb offers a village-style lifestyle with an abundance of cafés, restaurants, and boutique shops, staples of Inner West living.

At the last census, there were only around 300 apartments in the suburb. Fewer than a handful of new apartment developments have been delivered in recent years, but none are as well positioned as The Carlyle, just a three-minute walk to Henley Park, arguably one of the best parks in the area.

<a href="https://www.apartments.com.au/new-apartments/the-carlyle-enfield-164-liverpool-rd-enfield-nsw-2136">The Carlyle</a> will comprise 32 one- and two-bedroom apartments, a mix rarely seen in the new development market across Sydney.

[smartcode_project:default project_id=148733 project_image_fid=6667]

<a href="https://www.apartments.com.au/project-marketer/ray-white-projects-western-sydney">Ray White Projects WS</a>&nbsp;is fielding enquiry from several buyer types.

"First home buyers are realising this is the best time to get into the market," says Mark Bernberg, <a href="https://www.apartments.com.au/project-marketer/ray-white-projects-western-sydney">Ray White Projects WS</a>&nbsp;Managing Director.

"There are now several government incentives assisting first home buyers to get onto the property ladder. The recent announcement to waive lender's mortgage insurance for those with low deposits puts tens of thousands back in their pockets. Pair that with stamp duty savings in the new apartment space, and there has never been a better time to be a first home buyer in the off the plan apartment market."

Bernberg has also seen a re-emergence of investors, attracted to the low supply of apartments in Enfield and the suburb's lifestyle, while also being on the fringe of Burwood, which is set to undergo a huge transformation with its recent rezoning around the new metro station.

"That will bring a wealth of new retail and amenity to the area, which tends to drive prices higher," Bernberg says.

"Rents are at record highs, and with interest rates coming down from the highs earlier this year, investment apartments are starting to stack up again financially."

[smartcode_project:default project_id=148733 project_image_fid=6665]

The Carlyle apartments will sit above doorstep amenity, with a two-level retail podium incorporated into the striking building. The retail component will include a new ground-floor café facing Carlyle Street.

Two-bedroom apartments range from 67 sqm to 83 sqm internally, with some of the larger residences on the top level featuring expansive wraparound balconies. These layouts are designed to enhance seamless indoor-outdoor living, maximising natural light and views.

[smartcode_project:default project_id=148733 project_image_fid=6666]

The Carlyle's proximity to Henley Park is one of its biggest drawcards. The 13-hectare park includes multiple sports fields, two fenced playgrounds designed for various age groups, and Enfield Aquatic Centre, complete with Olympic-sized swimming pool.

The Carlyle is on track to welcome residents in early 2026.

[smartcode_project_cta:default project_id=6667]

Joel Robinson

The Carlyle in Enfield launches to undersupplied Inner West market

A new Metro stop, a thriving café scene, and proximity to village-style retail have cemented St Leonards as one of the Lower North Shore’s most sought-after suburbs for new development.

Among those seizing the opportunity is Sekisui House Australia, which has chosen this prized pocket, in the St Leonards South precinct, for its first-ever inner-city apartment project, <a href="https://www.apartments.com.au/new-apartments/waterstone-st-leonards-24-berry-road-st-leonards-nsw-2065">Waterstone</a>.

[smartcode_project:default project_id=134191 project_image_fid=230]

Set for completion in the summer of 2027, Waterstone comprises 207 apartments across five buildings, designed to look south back to the&nbsp;Sydney&nbsp;CBD.&nbsp;The new project offers residents the rare balance of connected urban living and tranquil green surrounds.

Just moments from home lies Smoothey Park, a blend of natural bushland and manicured parkland. It forms part of the Wollstonecraft cluster of reserves, including Gore Cove, Badangi Reserve, and Berry Island, all offering peaceful escapes on the Harbour’s edge.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KCD5mtyKBjc?si=DcC6Koxg6shdDFzq" title="YouTube video player" width="560"></iframe>

When it comes to lifestyle, St Leonards and its neighbouring suburbs, Crows Nest, Waverton, Greenwich, and Wollstonecraft, deliver an endless array of cafés, restaurants, and boutique retailers. Nearby Mall 88, only 650 metres from Waterstone, adds convenience with over 30 specialty stores.

Connectivity is another major drawcard. The new Crows Nest Metro Station is just one kilometre away, while St Leonards Train Station is a short seven-minute walk. For a more scenic commute, the Greenwich Point Wharf ferry reaches Circular Quay in under 30 minutes.

[smartcode_project:default project_id=134191 project_image_fid=351953]

For peace of mind, Royal North Shore Hospital, one of Sydney’s most prominent medical hubs, sits just 650 metres away, making Waterstone ideal for healthcare professionals or residents seeking easy access to world-class medical facilities.

Perfectly positioned on the fringe of vibrant activity yet embraced by parkland serenity, Waterstone offers the best of both worlds in Sydney’s evolving Lower North Shore.

[smartcode_project_cta:default project_id=134191]

Nature and connection define life at Waterstone in emerging St Leonards South precinct

A new collection of residences is now available at <a href="https://www.apartments.com.au/new-apartments/sol-by-walker-maroochydore-first-avenue-maroochydore-qld-4558">SOL by Walker</a>, the residential development that continues to take shape within the Maroochydore City Centre.

The second release introduces 137 apartments to the market, adding to the growing community in what is set to become one of South East Queensland’s most significant urban renewal precincts. The new offering includes a mix of one, two and three-bedroom apartments, alongside a limited number of terraces and penthouses designed to suit a range of lifestyle needs.

“SOL represents the beginning of <a href="https://www.apartments.com.au/developments/maroochydore-qld-4558">Maroochydore</a>’s exciting next chapter, redefining expectations around life in this beautiful coastal city,” David Gallant, Chief Executive Officer and Managing Director of <a href="https://www.apartments.com.au/developers/walker-corporation">Walker Corporation</a>, said.

[smartcode_project:default project_id=147777 project_image_fid=319853]

Located on South Sea Islander Way, SOL forms part of the broader vision to deliver a connected and vibrant city heart for the Sunshine Coast. Construction is already underway on the first 19-storey tower, with completion targeted for early 2028. The development is being delivered by Walker in collaboration with Sunshine Coast Council and SunCentral.

SOL’s second stage continues the project’s focus on high-quality apartment living, with access to a suite of resident-only amenities including a rooftop sky terrace, wellness retreat, co-working lounge, gym and landscaped garden spaces.

Interiors by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> combine timeless design with natural materials, generous layouts and panoramic outlooks to the ocean, hinterland and river.&nbsp;

“SOL by Walker establishes a new standard in apartment quality, seamlessly integrating superior craftsmanship with unmatched design,” Danny Juric, Director at Plus Studio, said

[smartcode_project:default project_id=147777 project_image_fid=346899]

Apartments feature open-plan layouts with high ceilings and expansive glazing to enhance natural light and ventilation.&nbsp;

A warm, neutral palette ties together stone benchtops, brushed platinum accents, and sandstone-toned carpet, while large sliding doors connect living areas to generous outdoor spaces.&nbsp;

Kitchens are fitted with integrated Miele appliances, refined cabinetry and thoughtful storage, while bathrooms offer double vanities and oversized showers to balance function and comfort.

As part of the Sunshine Coast’s new CBD, residents will be within walking distance of local retail, dining and green space, with transport connections set to expand as the precinct grows. Once complete, Maroochydore City Centre is expected to deliver thousands of new homes as part of the region’s long-term housing strategy.

[smartcode_project_cta:default project_id=147777]

Second release at SOL by Walker expands residential offering in Maroochydore City Centre

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has marked the topping out of Prince &amp; Parade in Brunswick, celebrating the completion of the building’s highest point and a major step forward for one of the developer’s landmark Melbourne communities.

The milestone forms part of Mirvac’s strong construction momentum across Victoria, with <a href="https://www.apartments.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick-vic-3056">Prince &amp; Parade</a> and The Albertine both recently reaching structural completion. Together, the two projects will deliver 265 new apartments, contributing to much-needed housing supply in Melbourne’s inner suburbs.

[smartcode_project:default project_id=4802 project_image_fid=3627]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>, Prince &amp; Parade continues a long-standing partnership that has delivered The Melburnian (2002) and The Eastbourne (2019).

The new <a href="https://www.apartments.com.au/developments/brunswick-vic-3056">Brunswick</a> address comprises a mix of one to four-bedroom residences complemented by extensive amenity, including a residents’ lounge, shared dining room and kitchen, library, yoga room, gym, and rooftop terrace, with landscaping by Jack Merlo and a concierge service.

Construction is rapidly transforming the site, with significant milestones achieved across two buildings, supported by 73 slab pours and six fully constructed building cores. Completion is expected in 2026.

[smartcode_project:default project_id=4802 project_image_fid=269383]

Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade has been strongly received by buyers seeking quality design and trusted delivery.

“These communities have been well received, attracting strong interest from downsizers and professionals who value high-quality design, premium locations and the confidence of buying with Mirvac,” Anderson said.

Prince &amp; Parade has also achieved a record-breaking apartment sale in Brunswick, underscoring its design quality and market appeal.

“We’re incredibly proud to see Prince &amp; Parade set a new benchmark for Brunswick. This <a href="https://www.apartments.com.au/news/vic/exclusive-mirvac-breaks-brunswick-record-with-prince-parade-sale">record-breaking sale</a> is a testament to Mirvac’s design excellence, quality craftsmanship, and our strong reputation for delivering high-quality residential communities across the country,” Anderson said.

[smartcode_project_cta:default project_id=4802]

Prince & Parade tops out in Brunswick as Mirvac marks dual Melbourne milestones

building

The Property Council of Australia has announced the important role the property industry will play in achieving net zero as NSW decarbonises its economy.

NSW director Luke Achterstraat said as NSW invests $4.8 million in speeding up the transformation of the state&rsquo;s built environment towards net zero emissions, buildings can provide some of the least cost abatement opportunities in the economy.&nbsp;

<blockquote>
&ldquo;Accelerating Australia&rsquo;s transition to sustainable housing could both protect the home building sector, as well as spur growth in delivering more than half a billion dollars of additional investment in the construction industry by 2030 and create over 7,000 new jobs,&rdquo; Achterstraat said.
</blockquote>

Effectively, this would also save Australians $600 million on their energy bills.&nbsp;

According to the Property Council, upgrading the energy efficiency of Australia&rsquo;s commercial buildings would not only stimulate economic activity through inputs of local labour, it would also deliver an estimated $12 billion in energy savings between 2016 and 2030.

&ldquo;Since efficient buildings are also healthier and more productive, gains in staff productivity are likely to dwarf the benefits in energy savings.&rdquo;

[smartcode_project:default project_id=7149 project_image_fid=175541]

According to the <a href="https://arena.gov.au/renewable-energy/renewables-in-buildings/">Australian Renewable Energy Agency</a> (ARENA), buildings account for more than half of the nation&rsquo;s electricity consumption and are a major driver of &lsquo;peak demand&rsquo;.

An additional 2019 study revealed that the construction, operation and maintenance of buildings account for almost a <a href="https://theconversation.com/buildings-produce-25-of-australias-emissions-what-will-it-take-to-make-them-green-and-wholl-pay-105652">quarter of greenhouse gas emissions</a> in Australia.

&ldquo;We encourage the NSW State Government to leverage the unique opportunity the built environment offers to dramatically reduce carbon emissions in highly cost effective ways that will also stimulate the economy,&rdquo; Achterstraat said.&nbsp;

&ldquo;As Australia heads towards a low emissions economy, governments must provide a clear pathway of policies that give certainty to industry and create economic opportunities for Australian businesses.&rdquo;

[smartcode_project:default project_id=7758 project_image_fid=150461]

Other key industry bodies, including the&nbsp;Green Building Council of Australia (GBCA), are also encouraging the government to make use of the largely untapped emissions reduction opportunities available within the sector.&nbsp;

GBCA CEO Davina Rooney&nbsp;Australia&rsquo;s property sector is already&nbsp;leading the way in carbon reduction&nbsp;and making commitments at COP26 can help the Australian Government build on this work.&nbsp;

Facilitating the transition of Australia&rsquo;s building sector towards an economy for the future is critical in improving and sustaining the future liveability, productivity and sustainability of our communities and cities.

Achterstraat concluded: &ldquo;With the right policy frameworks in place, we can minimise the costs of a transition&nbsp;to net zero emissions and create economic opportunities across all parts of industry, from sole traders and homeowners to large businesses.&rdquo;&nbsp;&nbsp;

Buildings account for more than half of the nation’s electricity consumption and are a major driver of ‘peak demand’

max.kwok_55688

Property industry to play a pivotal role in the race to net zero, says Property Council

Established in 1975, Hamilton Marino Builders is an experienced and dynamic multi-level apartment and commercial construction company.

One of Victoria&#39;s most experienced and sought-after multi-level apartment construction companies, the builders focus on finding alternative design methodologies to match the needs of developers and designers.

With close to 50 properties built by Hamilton Marino listed on Urban, below we take a look at the top seven that homebuyers can secure now.

1. <a href="/buildings/anthem-1-oshannassy-street-essendon">Anthem, Essendon</a> 
Address: 1 O&#39;Shannassy Street, Essendon VIC 3040 
Two-bedroom apartments from $555,000

[smartcode_project:default project_id=29880 project_image_fid=152706]

Delivered by Blue Earth Group, Anthem is the most recent development in the Moonee Valley&rsquo;s largest suburb, Essendon.

Comprising one, two and three-bedroom apartments, the project features central gardens, oversized floorplans and residents&rsquo; facilities.

The building, designed by CHT Architects, is set to include a world-class health and fitness centre, an abundance of entertaining spaces and five-star hotel service.

[smartcode_project:default project_id=29880 project_image_fid=152708]

Budding chefs and family cooks will enjoy experimenting in the functional kitchen, meticulously designed by an award-winning team and the celebrity chef, Adam D&rsquo;Sylva. &nbsp;

2. <a href="/new-apartments/mckn-236-jasper-road-mckinnon" target="_blank">MCKN, McKinnon</a> 
Address: 236 Jasper Road, McKinnon VIC 3204 
Two-bedroom apartments from $755,000

[smartcode_project:default project_id=4939 project_image_fid=152596]

The luxury development,&nbsp;MCKN&nbsp;is being developed by veteran developer Dealcorp, offering a Bayside lifestyle&nbsp;without carrying the expensive Bayside postcode.

Families have been snapping up the large apartments in the Glen Eira precinct, with just 41 apartments in two and three-bedroom configurations available in the boutique five-level complex.&nbsp;

Designed by Ritz &amp; Ghougassian, the development includes huge outdoor balconies and&nbsp;terraces and quality finishes and design, including natural stone, timber flooring and European appliances.&nbsp;

[smartcode_project:default project_id=4939 project_image_fid=152584]

Each apartment features&nbsp;at least one car space. Although residents can also enjoy the convenience of a train station that is only 500m away.

3. Walmer, Richmond 
Address: 649 Victoria Street, Richmond VIC 3067 
Two-bedroom apartments from $875,000

[smartcode_project:default project_id=3475 project_image_fid=150823]

Comprising 75 one, two, three and four-bedroom apartments, Salta Properties&rsquo; Walmer presents a riverfront residence that sits as a natural extension of its surrounds.

Designed by Bates Smart and landscapers Taylor Cullity Lethlean, the home features generous outdoor living, native landscaping and inviting apartments.

Each light-filled residence includes an open-plan kitchen, carved stone benches, curated Gaggenau and BORA appliances and integrated fittings.

[smartcode_project:default project_id=3475 project_image_fid=150820]

The development features a well-stocked library, business centre, communal wine cellar and on-call chef and concierge.

4. <a href="/buildings/4248-42-claremont-street-south-yarra">4248, South Yarra</a> 
Address: 42 Claremont Street, South Yarra VIC 3141 
Two-bedroom apartments from $648,000

[smartcode_project:default project_id=3353 project_image_fid=30131]

Located at 42 Claremont Street, 4248 has been designed to make modern living a bigger and better experience.

Developed by DealCorp, the project features a collection of one, two and three-bedroom residences, contemporary design and sculptural public space at street level.

[smartcode_project:default project_id=3353 project_image_fid=90647]

Plus Architecture have brought their approach to life at the project, with an extravagant lobby, floor-to-ceiling windows, expansive open-living spaces and city views.

5. <a href="/buildings/the-gentry-29-41-william-street-alexandria">The Gentry, Alexandria</a> 
Address: 29-41 William Street, Alexandria NSW 2015 
Three-bedroom apartments from $2,175,000

[smartcode_project:default project_id=6859 project_image_fid=38844]

The latest inner-west offering from the Thirdi Group, the Gentry consists of 37 designed terraces with an untouched heritage-listed fa&ccedil;ade.

Designed by SJB and Lawless Meyerson, each home spans four, boasting three bedrooms, two bathrooms and a private rooftop garden terrace with a barbeque entertainment area and spa.

The interiors are a response to the warehouse-style architecture and feature porcelain benchtops, large outdoor courtyards and luxury kitchen features.

[smartcode_project:default project_id=6859 project_image_fid=38847]

Other features to enjoy at the Gentry include a private single lock-up garage, a custom wine cellar and an expansive wardrobe that includes concealed desk space.

6. <a href="/buildings/gadsden-288-adderley-street-west-melbourne">Gadsden, West Melbourne</a> 
Address: 268 Adderley Street, West Melbourne VIC 3003 
Two-bedroom apartments from $626,000

[smartcode_project:default project_id=22344 project_image_fid=54329]

Developed by&nbsp;PDG Corporation, Gadsen provides residents with a lifestyle that perfectly balances community ambience and rich culture within close proximity to Melbourne CBD.

The project features a collection of 188 residences, including one, two and three-bedroom apartments, as well as exclusive townhouses wrapped in a historic fa&ccedil;ade.

[smartcode_project:default project_id=22344 project_image_fid=54334]

Rising 11 storeys, these buildings reflect the history of West Melbourne while appealing to residents with functional spaces, local character and modern finishes.

Designed by DKO Architecture, the homes include floor-to-ceiling windows, private balconies, prime city views and recessed LED downlights.

7. <a href="/buildings/the-grove-1-5-olive-york-way-brunswick-west">The Grove, Brunswick West</a> 
Address: 1-5 Olive York Way, Brunswick West VIC 3055 
Two-bedroom apartments from $540,000

[smartcode_project:default project_id=1168 project_image_fid=16988]

Consisting 325 apartments across nine floors, Blue Earth Group&rsquo;s latest Melbourne residence showcases superior style and functionality.

The Grove is comprised of three buildings designed by MAP Architecture and Adele Bates Design Studio, showcasing style and everyday living solutions.

Each home features natural materials, engineered timber floors, stone benchtops and boast access to numerous amenities to encourage a social lifestyle.

[smartcode_project:default project_id=1168 project_image_fid=28632]

Among these include a health club, business centre, landscaped spa and private lounge.

Established in 1975, Hamilton Marino Builders is an experienced and dynamic multi-level apartment and commercial construction company

Top seven apartment buildings constructed by Hamilton Marino

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They call it “reality” television and shows such as House Rules, Better Homes and Gardens, and, of course, The Block, have certainly fuelled our enthusiasm for DIY. 
The recent screening of The Block, where four apartments in an inner Melbourne suburb were auctioned off, drew strong interest nationally. The popularity of DIY has increased significantly as a result of our interest in such home improvement shows – and hardware and building supplies stores are reaping the benefits. 
Business information analysts Ibisworld released a report earlier this year showing their revenue was up thanks to the increase in renovation projects and DIY.
The report said almost 6000 businesses in the sector had shown annual growth of about 3.5% over the past five years with the past two financial years in particular helped by “greater expenditure on DIY renovations and home improvement projects”.
But while these homeowners think they are adding value to their homes – and some are – there are many pitfalls for the amateur. Sub-standard DIY work can not only make a poor first impression, but have buyers worrying about what else has been badly done.
Among the problems agents say can make a notably bad impression: poorly fitted kitchen or bathroom cabinets, poorly fitted carpets, visible wiring and a below-average paint or tiling job.
But if you are planning to DIY, take care, as there’s a range of implications. Not all are financial; there’s a need to make sure that the work is safe to undertake yourself.
And even DIY done well will not add value if the home is overcapitalised – that is, more spent on it than could be recouped in a sale – or if the amount spent is more than people are willing to spend on homes in the area.
Work must be done well, which means being sure you have the skills and experience for the tasks and, if not, hiring professionals to do it.  It is not cost-effective and is potentially dangerous to attempt work such as wiring and major plumbing jobs.  While this may seem expensive, it can boost the price of your home.
Before starting, it’s worth researching the price of renovated homes in your area that are of a similar size, to check on the potential value of the renovation. Then you’ll be able to proceed, and ensure that you make a significant return on your investment. 
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enzoraimond-7fvRFHPR52

Reality television renovation: Enzo Raimondo

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New South Wales (read: Sydney), Queensland (marginally), and Western Australia (ditto).
<a href="/images/2015/07/13/alsts.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2015/07/13/alsts.jpg" alt="">
 
Declining elsewhere.
No contribution to Q2 GDP to be found here.
PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>. 
His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.
 
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pwargent-M4siyDbqQY

Where is renovation activity increasing? Pete Wargent

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Whether you are building a single house, duplex or multi unit development, there is one essential building material that we always include. This item is not mandatory or compulsory in most cases, however Property Bloom has three good reasons why we include it. 
We are talking about sarking beneath a tiled roof. Sarking is a pliable membrane that sits under roof tiles, usually silver in colour. 
I've been watching as a new house is being built in my street.  As the roof was going on, I noticed they had not used sarking. The house is being built by one of the parents at my son's school who I know. So when I saw them next, I casually mentioned to them that I'd seen the roof had now been finished but there was no sarking. They said they had ummed and ahhed about it and decided not to spend the extra money on something no one is going to see. Big mistake I thought, but I didn't say that as it was too late for them to change their mind. Their bedrooms are all upstairs and the house faces west.  I know how hot it will get up there but that's not the only reason they should have considered it. 
So here's my reasons why we include sarking on our all Property Bloom developments:
1. Waterproofing. This is my number one reason. If you get a cracked roof tile, which is easy enough to occur in a big storm particularly if there are trees close by, sarking will assist in keeping out the moisture. Leaking roofs are your worst enemy. Once water seeps through the plasterboard, it can get expensive to repair and can also cause electrical damage. 
2. Insulation. This is a pretty good reason, particularly in a long, hot summer. We are seeing our temperatures rising and if you're sleeping just a few meters from your roof void, then chances are you are going to be hot or spend a lot of money on cooling this area. Sarking improves the thermal performance by up to 97%* and helps to provide a more energy efficient and comfortable home.
*CSR Bradford
3. Dust. Sarking helps keep dust out of your roof void. If you have access into the roof void for storage or maybe thinking of creating an attic room, then minimising dust is a good thing. Also, if you have down lights or sky lights in your ceiling and no sarking, you may find dust can filter down into the living area through any tiny gaps created by ceiling fittings.  
On a typical Property Bloom duplex project, our builder charges about $1,800-$2,000 more for sarking and to me this is a small price to pay to ensure you have the highest of quality roof protection for your property. The last thing we want is for our clients to experience complaints from tenants down the track that their roof is leaking. 
Sarking is compulsory in bushfire rated areas and provides compliance to BAL bush fire ember attack requirements. 
So don't scrimp on your roof, it'll be a good investment plus provide peace of mind. 
Jo Chivers is chief executive officer of property development project managers <a href="https://www.propertybloom.com.au/about" target="_blank">Property Bloom</a>.
 
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jochivers-wq5Bp59R5a

One important building material to include in your construction: Jo Chivers

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The <a href="https://wp.architecture.com.au/news-media/national-building-agreement-welcome-now-focus-on-action/">Australian Institute of Architects</a> is calling for a fundamental overhaul of building regulation to improve compliance and accountability. 
At the moment, Australian regulation and building codes lack transparency and as we have seen in the recent events, do little to protect residents and homeowners. 
Currently, anybody can procure and construct an apartment building in Australia without evidence of education, experience or insurance held where previously, independent and rigorous checks would oversee the design, materials choice and construction to ensure the utmost safety and sustainability for residents. Over the years this compliance has decreased to prioritise cost-saving over quality and is a reflection of our quick supply and demand culture. 
Countries such as <a href="https://www.building.govt.nz/building-code-compliance/">New Zealand</a> have a building code compliance that all builders must comply with even without building consent to ensure the safety and durability for everyone that uses them. New Zealand builders must abide by the technical guidance by the Building Code of 2004 with strict warnings and bans in place which could see the builder or developer paying a fine of up to $200,000 for which all buildings must focus on:

<ul>
<li>General Provisions</li>
	<li>Stability</li>
	<li>Protection from Fire</li>
	<li>Access</li>
	<li>Moisture</li>
	<li>Safety of Users</li>
	<li>Service and Facilities</li>
	<li>Energy Efficiency</li>
</ul>
Japan’s strict building regulations may be due to protecting citizens from the incredible amount of seismic activity the country experiences but are incredibly helpful when considering updating and strengthening Australia’s as bans on combustible building materials is much more closely regulated than here.

 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/neo_apartment_screen_peter_clarke-54.jpg" rel="gallery-all" title="In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by Hayball."><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/neo_apartment_screen_peter_clarke-54.jpg?itok=PQvzB5Fo" title="In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by Hayball." width="580"></a>

<figcaption>In early February 2019, Neo200 on Spencer experienced a balcony cladding fire up levels 21 to 27. Image by <a href="/architects/hayball">Hayball</a>.</figcaption></figure>In late 2018, Victoria banned lethal flammable building cladding, which includes aluminium panels. 
The ban provides builders with a clear and strict guideline of materials that can and cannot be used in the construction of buildings above two levels high. 
The VBA, <a href="https://www.vba.vic.gov.au/">Victorian Building Authority</a> has put builders on notice, as they inspect the hundreds of at risk buildings in a statewide audit to crack down on non-compliant structures. 
Architects and developers design buildings and communities with the intent of enriching the lives of people and the environment in which it stands, therefore building codes in Australia need to match that intensity with strict regulation and inspection to ensure the well being of all people. 
In recent news, residents of <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> respond in panic due to hearing cracking noises, power outages and lift operating failures. Since the first settlers took residence in the soon to be 101 story tower in late 2018, there have been a slew of complaints regarding construction noise and construction defects within apartments such as windows not closing or opening due to the curved facade. 
These stories have now either been exacerbated by the media to take advantage of panicked citizens to incite fear and sell papers or forcing builders and developers to take accountability and be more transparent about their building practices.  
With articles published in The Age and Herald Sun displaying the latest apartment building disasters, people are on high alert in fear their building's too, falls under the same underegulated practices. What holds true to these statements is that resident’s voices deserve to be heard with their safety and quality of life at the utmost importance.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image_by_worzil_skyscrapercity.jpg" rel="gallery-all" title="Most updated construction image of Australia 108 by worzil of Skyscrapercity.com"><img alt="" class="image-article-full-width-580px" height="547" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image_by_worzil_skyscrapercity.jpg?itok=wP1ehTRH" title="Most updated construction image of Australia 108 by worzil of Skyscrapercity.com" width="580"></a>

<figcaption>Most updated construction image of <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> by worzil of Skyscrapercity.com</figcaption></figure>Multiplex denied any structural damages in a statement and said the building is bound to move slightly as it is still under construction and minor defects are quickly fixed with absolutely no risk to residents.  
These complaints of noise are common with residents within and surrounding high density skyscrapers under construction and are not permanent. 
A multiplex representative states that “all residents have access to the Multiplex onsite customer team and our onsite service team has been working closely with the residents to rectify these items in a timely manner.” 
A benefit to the exposure of towers such as Opal in Sydney and its defects is that consumers and citizens are conscious and have opened up a dialogue with government about the loosened regulations and building codes our individual states hold. 
The next step is to hold builders accountable and to provide transparency with VBA and other councils alike in order to adhere to the highest quality of building and ensuring the safety of residents and communities. 
As work commences in Victoria establishing a ban on all flammable materials used in construction, a push for other councils and states is imminent and blatantly necessary. 
The Australian Institute of Architects are taking their demands of an industry revolution to VBA and multiple councils across New South Wales insisting on addressing the root of the issue, a culture and practice that has put time and cost above quality.  
This construction industry crisis facing Australia are systemic and it is crucial to make those steps forward to eradicate unlawful practices.

 

Read their latest article demanding industry revolution by clicking this <a href="https://wp.architecture.com.au/news-media/nsw-president-says-our-construction-industry-needs-nothing-short-of-a-revolution/">link</a>.
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Nick Dante

Australia called, we want our Building Codes updated and regulated

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EXPERT OBSERVATIONS
Geordan Murray, a Senior Economist at HIA, said the home lending figures released by the ABS today show the number of loans to households building new homes grew modestly in May.
Overall housing finance commitments for construction and purchase of new homes grew in the month of May by a modest 2.3 per cent but remain 11.7 per cent lower than the same month last year.
The credit squeeze that emerged from mid-2018 has seen lending for the construction of new homes contract sharply.
This month’s data suggests that these conditions have started to ease.
The improvement in lending in May is stronger than we had anticipated and reflects an increased level of borrowing from first home buyers.
This is the strongest month of borrowing by first home buyers this year.
There has been an improvement in housing market sentiment in the weeks following the federal election.
When combined with the RBA’s rate cuts and easing of APRA restrictions, there is cause to be optimistic that lending activity could improve as the year progresses.
However REIA President Adrian Kelly believes the May 2019 Lending to Households and Business figures released today by the Australian Bureau of Statistics show the number of loans for housing, excluding refinancing, continues to decline, but at a slower rate.
Mr Kelly said, overall the figures for May 2019 show, in trend terms that the number of owner-occupied finance commitments, excluding refinancing, decreased by 0.5 per cent –the twenty first consecutive month of decreases and the lowest since August 2012.
The value of investment housing commitments, excluding refinancing, decreased by 1.5 per cent in May. This is down 27.8 per cent from a year ago and is at its lowest level since March 2009.
The number of loans to first home buyers increased by 0.8 per cent and is the highest since November 2018 whilst the proportion of first home buyers, as part of the total owner-occupied housing finance commitments increased in May to 18.8 per cent from 18.2 per cent in April.
Whilst the total number of finance commitments for May show a continuing, but modest, decline it needs to be remembered that the Federal election was held in the middle of the month with considerable uncertainty regarding the outcome and concern about changes to property taxation and its impact should there be a change in Government. 
With the post election boost in confidence in the real estate market as evidenced by higher levels of enquiry, two cuts in interest rates and changes in APRA’s requirements May will most likely mark the bottom of the lending cycle.
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j.ballantyne1990-6AQqhLzZaK

Conflicting opinions on the strength of housing lending strength: HIA & REIA

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Centuria Capital Group (Centuria) has announced their acquisition of 10 Moore Street, Canberra. 
The property known as the ‘Optus Centre’ will be directly purchased by Centuria Diversified Property Fund (CDPF) for $35 million from commercial property group Quintessential.
Commenting on the acquisition, Centuria’s Head of Real Estate and Funds Management, JasonHuljich, said “Strong support from investors and financial advisers in the CDPF has seen the fund’s inflows increase significantly this financial year, allowing the fund to make strategic purchases. 
“10 Moore Street is a centrally-located property – ideally positioned in Civic, the heart of Canberra’s CBD precinct."
“The building has been fully regenerated to a very high standard by Quintessential Equity – all the work done over the years has been of a high quality, and the actions undertaken to improve the environmental footprint of the building has resulted in a 5-star NABERS energy rating, further enhancing the quality of this acquisition.”
It has a 4.3 year WALE (as at 1 June 2019), and is currently 98% leased to a mix of tenants, with a 12-month rental guarantee on approximately 2% (123 sqm) of vacant space, which Mr Huljich is confident about leasing.
“One of Centuria’s A-REITs, the Centuria Metropolitan REIT (CMA), owns two properties nearby– at 54 and 60 Marcus Clarke Street, about 100 metres from 10 Moore Street – so we are familiar with the area, and have had very good leasing success there: we understand what appeals to tenants,” he said.
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Russell Bullen, Quintessential Equity’s Chief Executive Officer, said the group is very pleased with the sale of the 6,709sqm building, which he calls a “top-tier office investment”.
“Since we acquired the building in 2014, we’ve completed a full regeneration and successful releasing campaign at the property, future-proofing it for years to come."
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Centuria announce acquisition of Moore Street Optus Centre in Canberra

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The Uniting Church Synod of Victoria and Tasmania has put its 130 Little Collins Street office building on the market in Melbourne’s prized east end.
The building boasts a net lettable area of 3,797 square metres, comprising eight levels of office, ground floor retail, and 15 car spaces.
It is on a 651 square metre corner site with 53 metres of frontage to Little Collins Street (16 metres) and Coromandel Place (37 metres). 
The Uniting Church has occupied the building since its construction.
It has decided to offer the property to market in anticipation of its move to the redeveloped Wesley Place site at 130 Lonsdale Street in 2020. 
CBRE, in conjunction with Colliers International, are offering it to the market with a permit for an Elenberg Fraser designed 26-level hotel development. 
Recent sales history have seen CBD office property with yields averaging under 4% including a low of 2.3% achieved with the December sale of 288 Queen Street. 
<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/2019/4/16/UNITING.jpg" alt="">
Source: CBRE 
The permit is for an 11,957 square metre (GFA), lifestyle hotel with multi-level food and beverage amenities, conferencing facilities and rooftop bar.
The asset would be sold with a view to create vacant possession in 18 months’ time.
Offers for the property close June 13.
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Uniting Church lists Little Collins building with approval for 26-storey hotel 

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One of the Haymarket precinct’s last freestanding buildings is coming to market in North Melbourne.
Located at 87-89 Flemington Road, North Melbourne the two-level building sits on 510 sqm of land and is squeezed between 4 12-storey apartment buildings.
The building, opposite the University of Melbourne and the Royal Melbourne Hospital is being offered for sale with an approved permit for a 12-level residential development. 
Colliers International’s David Sia, Oliver Hay, Hamish Burgess and Dave Walker have been appointed to handle the transaction.   
The vendor of the property, Topsun Development, originally purchased the property as a premium residential development opportunity.
Situated metres from the upcoming $11 billion Metro Rail Project and the subsequent Parkville Train Station the property is set to benefit. 
Expressions of interest for 87-89 Flemington Road, North Melbourne close December 5.
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