The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Commercial Property

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The large format retail sector has suffered a slump in the pace of consumer spending growth over the last couple of years, from a peak of over 9% (in moving annual terms) to just 2%, BIS Oxford Economics’ latest Large Format Retail Property report noted.
This weak demand/strong supply scenario created challenged for landlords. the study author, Maria Lee said,
Lee said the silver lining for large format retail centres was the increasing ability for them to incorporate non-traditional tenants.
"We’re seeing more gyms, play centres, medical centres, chemists, baby goods shops, pet supplies outlets and other uses," said Lee.
"This broadening of tenant mix not only improves visitation across the week but also helps keep a lid on vacancies.
"Importantly, these tenants often pay a higher rent than the traditional large format tenants."
The report noted that planning policy across the country is gradually moving towards greater flexibility for large format centres and that, even where policy is theoretically very restrictive, there are numerous instances of exceptions being made.
However, Lee cautions that the sheer speed and quantum of the impending supply peak is likely to cause some temporary fallout.
"Locational imbalances of supply and demand could see some centres suffer.
"And smaller centres, in particular, are at risk of falling income if one or two tenants fall over in the continuing challenging retailing conditions."
It noted weak consumer demand is set to continue to the end of the decade, against a backdrop of muted economic and household income growth.
Meanwhile, supply is surging as former Masters stores are converted into large format retail centres and as other projects that had been trying to secure pre-commitment for some time now go ahead.
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j.ballantyne1990-6AQqhLzZaK

Large format retail property face challenges: BIS Oxford Economics 

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Lawson Arcade, the prime retail and office building in Byron Bay, has been listed for sale with expectations of more $5.5 million.
It last traded for $5.26 million in 2003, so slow price growth for the commercial investment.
The commercial property offers 15 metre frontage to the busy Lawson Street.
It has been listed fully let.
Lawson Arcade on 865 sqm comprises a modern, double storey brick building of nearly 600 sqm. 
It has three shops, two restaurants and four office suites, with a gross annual income of around $465,000.
There was a recent $250,000 refurbishment which included interior exterior paint, new LED lighting, tenant signage and landscaping.
Teska Carson agent Michael Ludski is marketing the commercial building inconjunction with Byron Bay Property Sales agent Kathy Vaubel.
"There is no doubt that Byron Bay is one of the most popular beach resorts in Australia attracting high levels of tourists – currently more than two million - throughout the year," Ludksi says.
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Lawson Arcade at Byron Bay set for investor battle

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The first stage of the $1.5 billion Ripley Town Centre has secured an array of new leases as construction of the $40 million project is well advanced.
The latest leases lift its occupancy to over 80 per cent in what will be a marketplace-style centre anchored by a Coles supermarket.
It will be supported by 20 specialty stores, a medical centre and commercial office space.
Ripley Town Centre has secured tenancies from liquor giant BWS, a bakery, newsagent, nail salon, hairdresser, massage centre and café.
The Victoria-based Quay Family Healthcare signed up for the major medical centre to operate on the site.
Other health and medical tenants secured include The Discount Chemist, dentist Dr Nauv Kashyap who is opening his eighth South East Queensland practice, and Ipswich veterinarian Andrew Hemming who is targeting a second surgery to complement his existing Flinders View Veterinary Surgery.
Construction of the 9000sqm first stage is now well advanced with the roof installed, glazing and shopfronts currently being installed.  
“We’re pleased with construction progress over the past year, and we’re thrilled to see the number of retailers and commercial businesses moving to capitalise on the potential of the regional town centre,” said Ripley Town Centre development manager Taku Hashimoto. 
The new regional hub will service up to 120,000 people expected to call the Ripley region home over the coming years.
Ripley Town Centre has implemented several sustainability initiatives to secure a 5 Star Green Star Design through the installation of 1800 individual solar panels, with the majority to be installed on the 360 vehicle carpark shade structures as part of the 480kW system that will help generate a sizable portion of the town centre’s power needs at peak times.
<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/2018/2/13/RTC%202.jpg" alt="">
 
 
 
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Ripley Town Centre secures 80 percent occupancy well ahead of opening

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The latest research from Docklands Cityscope shows around 74 sales at a total value of $1.671 billion for the 12 months to January 2018.
It compared to 42 sales at a total value of $306.5 million for the previous year.
The table below shows sales recorded for the past eight updates of Docklands Cityscope.
Click here <a href="https://www.propertyobserver.com.au/images/2018/2/6/docklands%201.jpg" target="_blank">to enlarge.</a>
<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/2018/2/6/docklands%201.jpg" alt="">
The commercial property sales activity significantly decreased in total sales value for the quarter to January 2018, when there were 16 sales at a total sales value of $33.2 million, compared to 22 sales at a total value of $386.1 million for the previous quarter.
Its notable sales in the January 2018 update of Docklands Cityscope included:
<ul>
<li>Aurecon Centre at 850 Collins Street, an eight-storey office building with retail space on the ground floor and car parking, with building area 17,337 sqm plus 120 car space lots in property at 852 Collins Street, which were bought for $15.61 million; </li>
<li>Units 211E, Unit 212E, Unit 213E, three first floor retail shops and Unit 214E, a first floor commercial unit located in the Waterfront City at 425 Docklands Drive, which were bought for $5 million and </li>
<li>Unit 118E in the Waterfront City at 425 Docklands Drive, which was bought for $2.5 million. </li>
</ul>
<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/2018/2/6/docklands%202.jpg" alt="">
 
Several properties were listed as for sale in January including:
<ul>
<li>Channel 7 Melbourne Broadcast Centre, 160 Harbour Esplanade, an office/studio building of five storeys plus basement parking for 144 spaces, with a total net lettable area of 7,980 sqm, for sale through Colliers International; </li>
<li>Lot 127 in Lifestyle Working Collins at 838 Collins Street, a 74 sqm commercial unit on level 1, for sale through Jalin Reality Australia Pty Ltd – Melbourne and</li>
<li>1G/439 Docklands Drive in the Waterfront City Stage 1, a 200 sqm retail premises on the ground floor of the west building at the northern end, for sale through No Agent Property – Moorabbin. </li>
</ul>
There were leasing opportunities too including:
<ul>
<li>The V1 residential tower , 8 McCrae Street, a 21 storey building with 13 retail premises to the street frontages and one small first floor office unit, has retail space ranging from 76 to 202 sqm for lease through TT Global – Melbourne; </li>
<li>380 Docklands Drive, an A-Grade, 11-storey office building, consisting of retail space on the ground level, parking on levels 1 to 3, and office space on levels 4 to 10, has office space ranging from 200 to 466 sqm for lease through Colliers International – Melbourne and Knight Frank  and </li>
<li>Aurecon Centre, 850 Collins Street, an eight-storey office building with retail space on the ground floor and car parking, has office space ranging from 440 to 1,790 sqm for lease through Colliers International – Melbourne. </li>
</ul>
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Docklands sees $1.6 billion in 2017 commercial property sales: Cityscope

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<div class="cq-article-content-paras section">
The Harry Café de Wheels owner Michael Hannah and his co-owners are selling the home of Hannah's Pies in Ultimo at March 1 auction.
The <a href="https://www.commercialrealestate.com.au/property/562-576-harris-street-ultimo-nsw-2007-2014137555" target="_blank">Harris Street site</a> is tipped to fetch about $20 million through Colliers.
It is made up of a warehouse and adjoining terraces. 
<div class="related-quotes section">It is adjacent to accommodation provider Urbanest's Darling Square.</div>
Hannah's Pies, which sells pies over the counter at Harris Street, is the sole supplier to Harry Café de Wheels outlets.
The sale of the property comes as the pie cart business launches in China, with up to 300 of its carts to be rolled out across the country over the next 15 years.
</div>
<div class="cq-article-content-media section"><img class="lazy620x0" src="http://www.afr.com/content/dam/images/h/0/m/8/u/v/image.imgtype.afrArticleInline.620x0.png/1516592915083.jpg" alt="The site at 562-576 Harris Street, which is made up of a warehouse and adjoining terraces, has been put up for sale by ..." width="620" data-src="http://www.afr.com/content/dam/images/h/0/m/8/u/v/image.imgtype.afrArticleInline.620x0.png/1516592915083.jpg"></div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">"Its proximity to both the revitalised Darling Harbour and International Convention Centre is going to be a huge drawcard for both local and offshore groups," Colliers International's Miron Solomons said.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">He expects interest from student accommodation providers given its proximity within Sydney's university precinct including the University of Technology Sydney and University of Sydney.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">The offering is expected mirror the sale of the nearby vacant site at 142-152 Broadway which the University of Notre Dame bought for for $21 million or $40,000 a square metre, Colliers International said.</div>
<div class="related-quotes section"> </div>
<div class="related-quotes section">The pie group has now expanded to more than 10 locations throughout Sydney and more recently into Asia.
</div>
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Hannah's Pies premises listed in Ultimo

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A freestanding building located on Wagga Wagga’s main retail strip has been listed for auction through Savills and Knight Frank.
The building at <a href="https://www.realcommercial.com.au/property-retail-nsw-wagga+wagga-502633566" target="_blank">145-147 Baylis Street</a> is set to go under the hammer on December 12.
Adjacent to the Sturt Mall Shopping Centre, the building has a site area of 653 sqm. 
It has a gross lettable area of 1,000 sqm and makes a gross income of $145,454 pa. 
The listing agents are Andrew Palmer of Savills and Jill Toohey of Knight Frank.
It last sold for $825,000 in 2003, according to CoreLogic RP Data.
Another property at <a href="https://www.realcommercial.com.au/property-offices-nsw-wagga+wagga-502473274" target="_blank">48 Trail Street</a> is on the market with expectations of $2.5 million.
<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/2017/12/4/WaggaWagga2.jpg" alt="">
The property has a land area of 0.48ha and includes two main buildings. The first consists of a reception area, various open plan and enclosed offices, showers and change rooms, large warehouse and main first floor office space. 
Fronting Trail Street is a federation style cottage of approximately 184 sqm. It has been utilised as a residence and more recently as administration offices for the Daily Advertiser. It comprises five main rooms with other amenities.  
The site was first utilised for The Daily Advertiser over 100 years ago and has a unique place in Wagga Wagga’s cultural history and news dissemination for all of that period. This history will continue to play a part in any future use with the cottage listed in the LEP as a building of significance.
The marketing is being handled by Geoff Seymour of Fitzpatrick’s Real Estate. It is being sold through an expressions of interest campaign.
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Retail building occupied by jeweller in Wagga Wagga's main shopping strip listed

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The Mercado restaurant space in Sydney’s Martin Place precinct has sold for $5.3 million at Burgess Rawson’s portfolio auction.
The trophy retail sale to a Chinese buyer fetched a yield of 4.82 percent.
The shop at <a href="https://www.realcommercial.com.au/property-retail-nsw-sydney-502467362" target="_blank">LG03&amp;04/350 George Street</a> has a land area of nearly 404 sqm.
350 George Street is a refurbished heritage building.
Mercado has a secure lease in place to 2025 with further options to 2035. The lease comes with 4% annual fixed rent increases.  The property earns a net income of $258,053.90 pa + GST.
Chef Nathan Sasi is the mastermind behind the food at Mercado, and his speciality lies in creating everything from scratch. 
The selling agents were Andrew Vines and Darren Beehag of Burgess Rawson.
The property was part of the Burgess Rawson portolio auction held in Sydney in August, which saw 17 out of the 27 properties sell.
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Mercado restaurant space in Martin Place fetches $5.3 million at Burgess Rawson auction 

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The Tallwoods Golf Course on the northern side of Blackhead Road in the mid north coast of New South Wales is on the market.
The 18 hole golf course at <a href="http://www.colliers.com.au/96003/" target="_blank">61 The Boulevard, Hallidays Point</a>, has been designed by Dr Michael Hurdzan, one of the world’s leading environmental golf course designers.
It has a Par 72 course which is 5,508 metres in length.
The club is on 69.292 hectares of land predominately zoned RE2 Private Recreation.  There is also a casual tenancy to Hallidays Point Health and Fitness.
There is a Development Consent in place for a 21 tourist-style dwellings  The property was for sale by expressions of interest campaign which closed on September 21. No further details are available yet.
The buyer has the opportunity to develop a medium-density on the site.
The total land area is 72.427 hectares approx.
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Tallwoods golf course in NSW Mid-North Coast up for sale

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A commercial freehold property in Melbourne's inner northern fringe suburb of Brunswick has been listed for sale.
The <a href="https://www.realcommercial.com.au/property-retail-vic-brunswick-502633546" target="_blank">Sydney Road property</a> opposite Woolworths and BWS is a two level, brick building with ground floor bar, dining area, kitchen and a large function room upstairs.
There's a beer garden on the 625 sqm site zoned Commercial 1, as well as onsite parking via Saxon Street at the rear. There's nine metre frontage to Sydney Road.
According to Teska Carson marketing agents George and Larry Takis, the property will be sold with a lease to Burger Buzz at $99,354 (gross) per annum + GST on a monthly basis.
George Takis said the property offered options to a range of buyers including developers, owner-occupiers and investors and benefitted significantly from its prime city fringe location.
"Brunswick is one of Melbourne’s most popular inner suburbs with its close proximity to the CBD, and its retail and lifestyle attributes driving substantial commercial and residential development over recent years," Takis said.
"Lifestyle amenity includes Princess Park and Royal Park while Barkly Square Shopping Centre with national retailers including Coles, Woolworths, Kmart, McDonalds and JB Hi-Fi, takes centre stage amongst a vast array of fashion boutiques, cafes, bars and restaurants.
"It is also very well served by all forms of public transport including trains, trams, and buses."
Larry Takis said the sale offered an outstanding opportunity for astute purchasers to gain a foothold in such a prime location with potential development upside (STCA).
"Given its close proximity to the CBD, transport, shopping and lifestyle facilities, this property presents a fantastic opportunity in a location that continues to attract a wide range of buyers.
"The property offers exceptional growth potential and development upside (STCA) right on the edge of Australia’s fastest growing capital city,’’ he said.
He said the property’s key attributes included:
- Solid, two level building; - Substantial land holding of 626sqm; - On-site parking; - Dual street access; - Prime city fringe location; - Potential development upside (STCA); and, - Monthly income stream.
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Versatile Brunswick commercial building leased by Burger Buzz for sale

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Australia does have its own history in the early 1990s of large losses on commercial property lending, according to the RBA.
Noting a classic boom-bust or ‘hog cycle’ story, the bank's head of Financial Stability recalled over those five years, Australian banks experienced losses of around 10 per cent of their loans, concentrated in their commercial property lending.
"One part of the commercial property sector that the Reserve Bank has been watching closely is loans for the development of residential property," according to Jonathan Kearns the bank's head of Financial Stability.
He said <a href="https://www.rba.gov.au/speeches/2017/sp-so-2017-11-20" target="_blank">in a speech to the Aus-China Property Developers, Investors &amp; Financiers</a> that the surge in apartments recently completed and under construction in the major cities "raises the risk of price falls."
The construction of new apartments has been largest relative to the existing stock in Brisbane and inner-city Melbourne, though it is largest in absolute numbers in Sydney.
"Prices for other types of commercial property have risen sharply with a strong increase in demand from international investors seeking the relatively high yields available on Australian commercial property. Exceptionally low long-term interest rates globally have pushed up valuations for property and other assets, all the more so because relatively strong and stable global economic growth in the past few years has reduced investors' perception of the current risks.
"While there has not been a surge in construction, the run up in commercial property prices raises the risk of a sharp correction, for example if there is a change in sentiment or a pick-up in long term interest rates."
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He noted commercial office markets have been strongest in Sydney and Melbourne with low vacancy rates and rising prices.
"In contrast, conditions have been weaker in Perth where vacancy rates increased sharply with the downturn in the state economy from the decline in mining investment.
"Conditions in retail property markets have also been relatively subdued across Australia.
"In part, this reflects strong competition in the retail sector from new entrants and online retailers.
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"However, banks have continued to grow their lending for new retail developments and refurbishments with an increased focus on entertainment, hospitality, services and mixed residential.
"Overall, Australian banks have tightened their lending conditions for commercial property in recent years."
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Kearns suggested restrained lending by Australian banks had provided an opportunity for new entrants into the market.
"Asian banks have grown their commercial property lending sharply, more than doubling their market share in just two years, although it remains relatively small.
"This strong growth in commercial property lending by Asian banks is reminiscent of European banks' growth in the lead up to the financial crisis. However, whereas Australian banks eased their lending standards in that pre-crisis period in order to compete, this time Australian banks do not appear to have eased lending standards."
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