Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<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/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Commercial Property

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A five level Cremorne office complex is up for sale ahead of its expected completion in 2017.
The property at <a href="https://www.commercialrealestate.com.au/property/16-dover-street-cremorne-vic-3121-2013091281" target="_blank">16 Dover Street</a> has floor spaces available with offices ranging from 65 square metres to 790 square metres, all with external terraces included.
There is also a secure onsite car parking available per office with the optional choice to add more car spaces for a cost.
The Bialkower family is selling the strata office space off the plan in a $7 million development having previously focused on industrial projects.
<img src="/images/2016/10/03/16%20Dover%20Street.jpg" alt="" style="font-size: 12.16px; line-height: 1.3em;">
It has been marketed as "the perfect SMSF purchase suitable for businesses with three to 70 staff members".
For a limited time stamp duty savings and tax benefits are available through CBRE.
It was previously a <a href="https://www.realestate.com.au/property/16-dover-st-cremorne-vic-3121" target="_blank">warehouse</a> prior to its redevelopment.
Figures compiled by CBRE show strata office values in Melbourne have risen 10 per cent to 15 per cent in the last year to range from $7000 to $11000 per square metre, making them comparable with the returns achieved on residential apartment developments.
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j.ballantyne1990-6AQqhLzZaK

Off the plan Cremorne office space for sale

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Centuria Property Funds Ltd has won the fund of the year award for the second year running, with its 203 Pacific Highway Fund receiving the Unlisted Property Fund of the Year 2016.
Last year, Centuria’s 8 Central Ave Fund No 2. also won the fund of the year at the Property Investment Research (PIR) awards. 
The Centuria 203 Pacific Highway is a closed-ended, single asset fund. It is a 50% leasehold of an A-grade office building located in The Forum in St Leonards business district north of the Sydney CBD. The remaining 50% leasehold is held by the Centuria Metropolitan REIT (CMA). 
Jason Huljich, CEO of Unlisted Property Funds at Centuria, said the award was a feather in the cap for Centuria and “reinforces our view that Sydney’s North Shore market is performing strongly and will continue to deliver returns to investors over the long term”. 
The fund was earlier rated AA by PIR.
203 Pacific Highway was constructed in 2000 and features modern amenities and views of the Sydney CBD. It has 11,737 sqm of net lettable area and is fully leased to tenants such as Primary Healthcare, Cardno and Verizon. The Weighted Average Lease Expiry (WALE) is 4.4 years. 
Huljich said the outlook for St Leonards is positive, as residential conversions continue to reduce office stock, while the Sydney Metro project will improve connectivity for workers. 
“Falling vacancies and strong rental growth as a result of residential conversions and the withdrawal of commercial office space in the area is contributing to rental growth and the performance of this market. The Fund is an excellent example of Centuria identifying a well- performing asset in an excellent location, with opportunities to add value for investors,” said Huljich. 
Centuria Property Funds is a wholly-owned subsidiary of ASX-listed fund manager Centuria Capital Limited, which has more than $2 billion in funds under management. 
 
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jonathanchancellor-7SQnKwU6yx

Centuria fund wins Unlisted Property Fund of the year: PIR awards 

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An commercial building in Mermaid Beach has been scheduled for sale auction.
Located at <a href="https://www.realcommercial.com.au/property-offices-qld-mermaid+beach-502141774">2490 Gold Coast Highway, Mermaid Beach</a> the property has been Pancakes on the Rocks, but it is to be sold with vacant tenancy.
The building is 513 sqm with a land size of 1,026 sqm making it suitable for an owner occupier, investor or developer or multitude of businesses including gymnasiums, doctors, dentists, solicitors, accountants, showroom occupiers and restaurateurs (STCA).
The building also holds a liquor licence and is in possession of a commercial grade kitchen with grease trap, however existing additional equipment can be purchased by negotiation.
The property includes 22 on grade car parks including 11 undercover ones with a high exposure as well as approvals for mixed use zoning.
The property will be auction on November 9 by Colliers International agent Marc Carbone.
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Vacated Pancake on the Rocks, Mermaid Beach premises for sale

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An irreplaceable gem of Melbourne CBD, the Tavistock House, is now offered for auction for the first time in more than two decades.
The property located at <a href="https://www.realcommercial.com.au/property-retail-vic-melbourne-502136982" target="_blank">Tavistock House, 383-387 Flinders Lane, Melbourne</a> is an iconic triple-storey corner freehold building with triple frontage.
It is offered with up to 12 months settlement and is surrounded by major corporate headquarters, Melbourne’s finest restaurants, luxury retail, high end hotels and entertainment as well as all forms of public transport.
It is set in the heart of Melbourne’s most famous, financial, retail and dining precinct - and on the cusp of CBUS’s $1.25bn development at 447 Collins Street.
It has a strategic corner land holding of 442 sqm with triple frontage of over 42 meters.
It is part leased to established tenants with tremendous potential for future uplift and an excellent opportunity to part owner occupy, develop or convert (STCA).
It is for auction on 18 November 18 by Collins International agents Matt Stagg, Oliver Hay, Daniel Wolman and David Sia.
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Melbourne's Tavistock House offered for first time in 20 years

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A retail space on Brisbane's Queen Street Mall has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-retail-qld-brisbane+city-502068218" target="_blank">114 Queen Street </a>has a floor size of 564 sqm.
It has a $22 million asking price, which reflects a 5% plus yield.
It is leased to Flight Centre.
<img src="/images/2016/10/03/114%20Queen%20Street.jpg" alt="">
The property has a net income of $1,146,236 per annum with fixed annual increases of 5 percent.
It is located close to Brisbane's newest $3 billion landmark, Queens Wharf Casino Precinct development.
Billed as Australia's busiest mall which attracts over 27 million visitors each year.
It is being offered through CBRE Brisbane agents Tom O'Driscoll and Andrew Adnam.
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Chance to buy on Brisbane's Queen Street retail mall

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A Sydney office tower has been listed for sale. Civic Tower is a prominent office tower completed in 2004, comprising 24 levels of office accommodation, cafe and 54 secure basement car spaces.
The property located at 66<a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502116442"> Goulburn Street</a> has a floor area of 22,929 sqm with a five stars NABERS energy rating and was completed in 2004.
GDI Property bought the Civic Tower in 2014 for $136 million and it has been since revalued to $188 million.
Civic Tower was built in 2004 by Grocon, the first building in Australia to be fully supported on a central lift core.
GDI Property which is looking to raise more than $300 million from selling two key office assets as it reviews its portfolio.
The two offerings are 66 Goulburn Street in Sydney and 307 Queen Street, Brisbane.
<img src="/images/2016/10/03/66%20Goulburn%20Street.jpg" alt="">
The Sydney property has a secure, long term income with a WALE of six years anchored by Prudential Investment Company and Government Property NSW.
It comes with an estimated fully leased net income of $14.4 million p.a.
It has column-free floor plates.
The property is offered by joint agencies CBRE agents Michael Andrews and Scott Gray-Spencer and Knight Frank agents John Bowie Wilson and Jonathan Vaughan.
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Civic Tower, Goulburn Street, Sydney office tower for sale

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A former Geelong church is currently for sale as retail space. The property was on the market earlier this year for $1.3 million.
The property at <a href="https://www.realcommercial.com.au/property-offices-vic-geelong-501979202" target="_blank">7/74 Gheringhap Street</a> has a floor space of 270 sqm.
It is leased until February 2020 with a possibility of extensions.
Situated within the former 1860s St Giles Church, the space features stained glass windows and slated roof.
The whole building has undergone considerable improvements to turn it into the state-of-the-art facility it is today.
The premises on sale comprise two separate entry areas, one from the common property area and another one directly off Gheringhap Street as well as including three basement car spaces.
The ground floor includes an entry area, waiting room, reception area and three treatment rooms and bathroom. Carpeted stairs lead to the first floor that contains an open landing area, treatment room, laser room, spray tan room and kitchenette among others.
Similarly the second floor leads to offices, storage cupboard and landing area among others as well as a small mezzanine level accessible from the second floor that comprises of an open plan space.
Other internal features include ceramic floor tiles in treatment rooms, given it is currently fitted out with a cosmetic centre and is suitable for medical use.
The net rent is $73,000 p.a. plus GST and outgoings.
It is offered through Maxwell Collins Real Estate agent Tom Fonay.
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Former Geelong church office for sale

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SPONSORED POST
Yield is one of the key factors in deciding whether or not to invest in a commercial property. And it is also one of the most confusing for people to understand.
Knowing what type of yield is being talked about, and how it was calculated, will make you a much more informed investor. Unless you know the difference, you won’t be comparing apples with apples.
Basically when it comes to yield there are two types: gross yield and net yield.
Gross yield is everything before expenses. It is calculated as a percentage based on the property’s cost or market value divided by the income generated by the property.
Net yield is everything after expenses. It takes into account all the fees and expenses associated with owning a property. As such, it is a far more accurate way of calculating actual yield. It is also much harder to calculate as most costs are variable.
However factoring in everything you can, and making educated guesses about the things you can’t, will give you a much clearer sense of what the likely yield will be.
What should be included in net yield?
The costs associated with owning a commercial property include annual and one off fees such as taxes, ongoing costs such as insurance and rates, and variable costs such as maintenance and vacancy costs.
Net yield should include fees and expenses such as stamp duty, land tax, strata levies and any legal costs.
Ongoing costs include water rates, council taxes, property management fees and insurance costs. However, a lot of commercial leases pass these costs on to the tenant. You can exclude any costs that are likely to be borne by the tenant.
Variable costs include maintenance and repairs as well as the cost of vacancy.
Commercial properties can take longer to find tenants than residential ones. It makes sense to factor this in to your calculations. For example, you may want to assume that your property will be untenanted for a month so you would deduct one month’s worth of rent from your income.
Calculating net yield
To calculate net yield, you need to deduct all the expenses (ongoing costs + cost of vacancy) from the annual rental income (weekly rent x 52). You then divide that number by the property’s purchase price and times it by 100. This will give you the percentage yield.
Net yield = (weekly rental x 52) – costs / property value x 100
For example, if you buy a property for $750,000 with an annual rental income of $78,000  ($1,500 a week) and yearly costs of $12,000, you would get a net yield of 8.8%.
In this example, the costs include $5500 of ongoing costs and $6500 for one month unrented.
Obviously this is just an example. You will need to review each property on its own merits.
But understanding how the net yield has been calculated (what it includes and excludes) will help you make a more informed decision when investing in a commercial property.
For more information, <a href="https://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&amp;c=20&amp;mc=click&amp;pli=18755997&amp;PluID=0&amp;ord=%5Btimestamp%5D" target="_blank">click here</a>.
ABOUT REALCOMMERCIAL.COM.AU: realcommercial.com.au is the leading website in Australia for commercial property, attracting an average of 1.7 million visitors a month (Source: Nielsen Online Market Intelligence, Total Traffic, average calculation May-July 2015, includes app traffic from Omniture Site Catalyst as Nielsen doesn’t report on app). It is owned and operated by realestate.com.au Pty Ltd, a subsidiary of ASX-listed REA Group Limited ACN 068 349 066 (ASX:REA).
 
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jchancellor-FAypfDUnLy

Net yield & gross yield – what’s the difference?

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A distinctive 1960s Toowong property has been listed for sale for $1,950,000.
The property at <a href="https://www.realcommercial.com.au/property-offices-qld-toowong-502125486" target="_blank">583 Coronation Drive </a>was designed by James Birrell in 1961 as the Toowong Municipal Library.
The Toowong Municipal Library was opened in April 1961 as the largest suburban library in Brisbane and designed to service the western suburbs. 
The design of the timber, glass and steel framed building, a twelve sided externally framed form floating on an organic brick base, was controversial and received much attention when completed.
Birrell was chief architect of the Brisbane City Council in the period from 1955 to 1960. 
Birrell had graduated from architecture at the University of Melbourne in 1951, where he was much influenced by one of his teachers, Melbourne architect Roy Grounds. 
The library was a twelve-sided figure with suggests it had the appearance of a flying-saucer. The building was constructed for about £26 000 by local contractors Stuart Brothers in landscape gardens designed by Harry Oakman. 
Closed since 2001, it has been heritage listed snce 1998 as a good example of the Melbourne School of Roy Grounds and Robin Boyd.
It has a floor area size of 403 sqm with 12 on-site car parks.
It is on a 1,629 sqm corner land parcel.
<img src="/images/2016/10/03/583%20Coronation%20Drive.jpg" alt="">
It is leased to X Radiology at $308,211 gross p.a.
"The one of a kind office space is suitable for office, medical, showroom or retail use," the C Property marketing suggests.
The property is offered through C Property agent Carl Charalambous.
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Modernist flying saucer Toowong commercial trophy property for sale

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A prime retail location at Surfers Paradise is for sale.
The property at <a href="https://www.realcommercial.com.au/property-retail-qld-surfers+paradise-502126486" target="_blank">3197 Surfers Paradise Boulevard</a> has a land area size of 1.02 hectares.
There is a floor area size of 9,061 sq m retail net over two levels.
It has been marketed as having significant repositioning potential with a variety of redevelopment opportunities available with unlimited height and one bedroom per 13 sq m density allowances.
It has 407 car parking spaces over three levels in the centre of Surfers Paradise.
It is offered through CBRE agents Scott Gray-Spencer and Jonathan O'Brien.
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