<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]

Joel Robinson

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

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Canberra

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Griffith takes the top spot on a list of Canberra's 2016/2017 house hotspots, with an expected increase of 8% over the next 12 months, in a forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Griffith is currently $1,300,000, according to APM, and some sales in the region are continuing to push the media price higher.
An example would be a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-griffith-122914390" target="_blank">18 Bannister Gardens</a> (above) that was recently sold for $1,370,000, which is $70,000 above the median price
The Smart Investor magazine, published by Fairfax Media, ranked Bonner, Harrison and Chifley as equal second best hotspot regions for houses in the ACT.
Suburb        Postcode       Median price      12 month forecast
Griffith        2603             $1,300,000         6%
Bonner        2914             $570,000           5%
Harrison      2914             $655,650           5%
Chifley        2606              $710,000          5%
Wright        2611              $750,000          4%
Crace         2911               $735,000          4%
Ainslie        2602               $895,000          4%
Campbell    2612               $1,079,500       4%
O'Connor    2602                $932,500         4%
Torrens       2607               $734,000         4%
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j.ballantyne1990-6AQqhLzZaK

Griffith tops list of Canberra house hotspots

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Greenway takes the equal top spot as Canberra's 2016/2017 hotspot for investing in units in a new list developed by APM senior economist, Dr Andrew Wilson.
The median price at Greenway is currently at $385,000 with an expected increase of 4% over the next 12 months, according to APM.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-act-greenway-119652167" target="_blank">17/1 Drew Street </a>(above) recently sold for $410,000 – is $25,000 above the median price – perhaps indicating the suburb is already drawing the attention of investors. 
The Smart Investor magazine, published by Fairfax Media, ranked Page and Macquarie as the joint strongest unit hotspots in Canberra.
Suburb        Postcode      Median price      12 month forecast
Greenway    2900            $385,000            4%
Page           2614            $425,000            4%
Macquarie    2614            $415,000           4%
Forrest         2603            $682,000           3%
Franklin        2913           $350,000            3%
Garran         2605            $565,000           3%
Bruce           2617            $425,000          3%
Casey           2913            $383,950          2%
City              2601            $525,000          2%
Watson         2602            $433,500          2%
 
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Greenway tops list of Canberra unit hotspots

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The top end of Canberra’s office market has been very active with landlords of A and B grade buildings in the city negotiating extensions to leases for terms close to 10 years, say valuation firm Herron Todd White in their Month in Review report for September 2016.  
HTW’s report deals with the broad picture of the capital city’s office market with deals and analysis.
Incentives for leasing deals are running at close to 30 percent with a face rent of circa $400 to $420 per square metre. A number of these properties are currently being offered to the market post-lease negotiations, say HTW. 
One example is 62 Northbourne Avenue, with a new lease expiry of June 2026. The building is early 1990s and has been progressively upgraded over the years to retain its competitive position in the market. 
There have been a number of recent transactions at the upper end of the market in the first half of 2016, including: 
• Aviation House in Woden sold by Mirvac to a Queensland-based private investor for $68.1 million, showing a 9% return with a WALE of close to five years. This is a five-year-old building with a residue of a 10-year lease in place.
• 14 Mort Street sold for $41.5 million showing an initial yield of 7.5% with a WALE of circa eight years. This is an older building, that has been maintained to retain its competitiveness with a new long term lease in place.
Another sale concluded was 92 Northbourne Avenue, the former long-term home of the NRMA, for $25.025 million to local developer Geocon. 
Geocon is reported to be considering developing a 140-room hotel for its Abode hotel group and 350 apartments for the market. The site has an area of 6,260 square metres. 
A sale in the city which has attracted strong interest due to its sub-$2 million price is 25 Garema Place for $1.9 million. Two tenants occupy the building, a bar on the ground floor and a hairdressing studio on the upper level. 
The WALE is reported to be 5.5 years. Fully leased standalone buildings seldom hit the market in this retail location and the yield achieved of circa 5.4 prcent reflected the scarcity value at this price point. 
The city market is strong and further sales are expected before the year end. 
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jonathanchancellor-7SQnKwU6yx

Canberra's office market sees flurry of leasing activity: HTW

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After CoreLogic recently reported a median unit price of $415,000 in Canberra, Property Observer went searching for what that got.
At <a href="https://www.realestate.com.au/property-apartment-act-braddon-122918490" target="_blank">718/74 Northbourne Avenue</a>, (above) Braddon the median house price will purchase the two-bedroom, two-bathroom apartment. Located on the seventh floor of the Medina building the apartment is fully furnished and equipped.  
At <a href="https://www.realestate.com.au/property-unit-act-city-123214594" target="_blank">33/45 Mayfair West Row</a>, (below) located in the heart of Canberra’s city, the median price will purchase just a one-bedroom, one-bathroom unit. The seventh floor apartment measures 67 square metres and features a balcony. 
<img src="/images/2016/08/30/500_mayfair.jpg" alt=""> 
The one-bedroom, one-bathroom apartment in Barton at <a href="https://www.realestate.com.au/property-apartment-act-barton-123233566" target="_blank">28/43 Blackall Street</a> (below) will set buyers back $419,000. The third-level apartment is located within the Landmark complex and measures 37 square metres. 
 <img src="/images/2016/08/30/500_balcony.jpg" alt="">
 
For offers above $405,000 buyers can secure a one-bedroom, one-bathroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-kingston-123048386">56/1 Honeysett View</a>, Kingston. The apartment is located on the first floor of The Prince development and features a single-basement car park and an energy efficiency rating of 9.2. 
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What the $415,000 median apartment price gets in Canberra

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After CoreLogic recently reported a median house price of $551,000 in Canberra, Property Observer went searching for what that got.
The median price will purchase the four-bedroom, two-bathroom home in Bonner at <a href="https://www.realestate.com.au/property-house-act-bonner-121880538" target="_blank">31 Murrjinelle Circuit</a> (above). The 150 square metre house sits on 350 square metres of land. 
The same price tag will secure the 632 square metre block of land at <a href="https://www.realestate.com.au/property-other-act-lawson-123318966" target="_blank">16 Toorale Street</a> in Lawson (below). The allotment is large enough to construct a proposed five-bedroom, four-bathroom, energy-efficient home. 
<img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2011.08.31%20AM.png" alt="">
The three-bedroom, two-bathroom home at <a href="https://www.realestate.com.au/property-house-act-kaleen-123143934" target="_blank">65 Onkaparinga Crescent</a> (below) in Kaleen has been listed for offers above $560,000. The family home has an energy efficiency rating of 5.0. 
<img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2011.09.30%20AM.png" alt="">
Yet to be constructed, the 460 square metre lot 112 in <a href="https://www.realestate.com.au/property-house-nsw-googong-122717030?listingType=buy" target="_blank">Gouging Estate</a> (below) and the planned 208 square metre, three-bedroom, two-bathroom home has been listed for $551,000. The proposed design includes built in wardrobes, fencing and stainless steel appliances.  
 <img src="/images/2016/08/29/Screen%20Shot%202016-08-29%20at%2011.11.34%20AM.png" alt="">
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What the $551,000 median house price gets in Canberra

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The Canberra residential market is complex with many factors interacting to affect demand, supply and ultimately prices, according to the latest Herron Todd White report.
The valuation firm suggested on a macro level, the Canberra residential market - aided by historically low interest rates - has a number of underlying positives including generally strong employment and a perception of good job security.
"With a transient population and periods where government departments employ graduates and new staff, both rental and sales demand increase.
"Population growth and interstate migration are considered main market drivers.
It suggested demand for family homes is a local market driver, second and third home-buyers with families are looking for centrally located housing in close proximity to schools and services.
Affordability remains an issue for this section of the market, HTW advised.
"With the sitting Liberal government re-elected, public service employment prospects remain steady, although some caution was evident in the lead up to the result.
"Winter is also traditionally slightly slower, so there is an expectation that Spring conditions and improved certainty after the election result will improve the overall market position."
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jchancellor-FAypfDUnLy

Affordability an issue for Canberra property upgraders

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Canberra home values have increased by 0.7 percent over the past three months and are 2.9 percent higher over the past year according to CoreLogic. 
CoreLogic' s Housing Market and Economic Update for August noted Values have increased by just 10.5 percent over the past five years. 
<a href="/images/2016/08/10/Screen%20Shot%202016-08-10%20at%201.55.51%20PM.png" target="_blank">Click to enlarge</a>
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Canberra home values increase 0.7 percent over the past three months: CoreLogic

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The Commonwealth Department of Finance has secured a multi-million dollar, long-term lease for One Canberra in an off-market deal.
Owned by integrated property firm The Willemsen Group, the prestigious 'A' grade 24,065 sqm office building is just 500 metres from Parliament House Canberra.
It consists of five levels of flexible floor plates varying from 2,200 sqm to 5,000 sqm.
Raine &amp; Horne Commercial executive chairman Angus Raine spoke about the deal.
“The department has signed a lease that will run for more than 15 years, and it is one of the very few Commonwealth deals of this magnitude finalised over the past 3 years.”
Angus said the One Canberra lease demonstrates the perseverance and deal-making expertise of the team at Raine &amp; Horne Commercial Canberra.
“The One Canberra lease represents a fantastic effort from our Commercial Canberra office to see the deal through to completion 
“This was a drawn out transaction that was three years in the making, and involved the Department of Finance consolidating into one building, where previously it occupied five different locations in Canberra. 
“To take up the lease, the Department was also moving out of office space it owned. This issue needed to be worked through very carefully and delicately.”
The long-term lease is a compelling example of an owner, agent and tenant collaborating to deliver the final product, according to Mr Raine. 
The active heart of One Canberra, which is a short distance to Manuka Shopping Precinct, is a 1,000 square metre, 5-storey central atrium.
This atrium provides access across the building and between floors via generous aerial bridges and a helical stair.
The building has been designed and is independently modelled to achieve a 5 star NABERS rating independent of solar generation.
Considerable effort and analysis was invested in the design of each floor plate to maximise functionality and the penetration of natural light. 
There are three levels of basement which provide parking for almost 500 cars, a loading dock, extensive shower facilities, bicycle parking, gymnasium and over 700 square metres of tenant storage.
 
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Department of Finance signs annual multi-million dollar lease for One Canberra

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Unlisted property fund manager Quintessential Equity, has secured ACT Health as a new majority tenant at its office building in Canberra.
The recently refurbished building at 2-6 Bowes Street in Woden Town Centre will become the new home of ACT Health and 750 of its workforce.
The ACT Government agency has signed a long term, 15-year deal to occupy nearly 90 percent of the building and lease around 11,000 sqm of office space.
The formerly vacant building is now fully leased with existing tenants, the Commonwealth Government and Employment Plus, making up the rest of the office.
Quintessential Equity COO, Russell Bullen, said the arrival of ACT Health to Woden Town Centre is a huge vote of confidence in the area and firmly establishes its credibility as the epicentre of health administration in the nation’s capital. 
“We are delighted to welcome ACT Health to our Bowes Street property and we are excited at what it will mean for the area as a whole."
"The addition of 750 employees to Woden will be a much needed boost for the local community and we hope this Government agency relocation will pique the interest of other State and Federal Government departments and health related organisations to consider a move to the Woden Town Centre."
Purchased for $14 million in June 2012, the property underwent a nine month regeneration in 2014 designed to achieve a 5-star NABERS Base Building Energy Rating.
“The substantial upgrade of the property in 2014 - which included the installation of new lifts, services and refurbished amenities - completely transformed the building and the offering for potential tenants," Bullen said.
"It’s now fully equipped to provide high quality office accommodation for our tenants.” 
 
 
 
 
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Quintessential Equity secures ACT Health as new majority tenant at Canberra Property

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