<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Commercial Property

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The Grosvenor, a premium 2010 built office and retail block in the heart of Woollahra has been listed for sale. 
The three level commercial premises at <a href="https://www.realcommercial.com.au/for-sale/property-156-edgecliff-road-woollahra-nsw-2025-503375158" target="_blank">156 Edgecliff Road</a> is being offered fully leased returning around $1.06 million per annum.
Real estate agency Phillips Pantzer Donnelley anchor the building, operating from from three of the office spaces. 
Law firm Back Schwartz Vaughan have an office, as do stroller store Bugaboo Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/156%20Edgecliff%20Road%20Woollahra%202.jpg" alt="">
The ground level retail is taken by Sonoma Cafe and clothing boutique Marshmellow. 
There are seven tenancies across the 1,125 sqm net lettable area, as well as basement parking for 25 cars on the 890 sqm site.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/156%20Edgecliff%20Road%20Woollahra%203.jpg" alt="">
The block is only nine years old, constructed by Built to a design by Tzannes Architects.
The property is being marketed by Colliers agents Tom Barnier and Matt Pontey, in conjunction with Felix Liv at SQM Commercial.
It last traded for $16,970,000 in 2016. 
 
 
 
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Woollahra commercial trophy The Grosvenor, home to Phillips Pantzer Donnelley, listed for sale

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The Oasis, Broadbeach, one of South East Queensland's biggest mixed-use buildings, has been listed.
The 1989 built property features 24,399 square metres of net lettable area.
It underwent substantial renovations in late 2018.
The three-level centre features 16,909 square metres of food and beverage-based retail, 7,490 square metres of commercial space, and 998 car spaces.
The property has been listed by JLL in conjunction with McVay Real Estate.
They noted the area was experiencing a significant wave of residential apartment development with nine projects totalling 1,288 apartments either approved or under construction.
Offers close November 7.
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The Oasis, Broadbeach listed for sale

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A Bunnings Warehouse, at Clyde North in Melbourne, is set to be the first Bunnings store to be sold in metropolitan Melbourne since 2015.  
Located within the City of Casey, the brand new 16,634 square metre building opened in September 2019.
It will be sold with a new 12-year lease on settlement at a net income of $1.9 million per annum with fixed annual reviews. 
The highly exposed 3.7 hectare site, on Berwick-Cranbourne Road, has four street frontages, and and parking for 372 cars.
 CBRE Director Investments, Justin Dowers who is marketing the property with Mark Wizel and Kevin Tong, said the property offered prospective purchasers a long line of investment attributes including significant tax depreciation benefits.
“This is clearly a quality property with a blue chip tenant, a brand new building and a new long term lease within one of Melbourne’s key growth areas. It would be difficult to find another property which is so quintessentially defined as a prime commercial property investment, Mr Dowers said.
According to the ABS, the City of Casey is the third fastest growing city in Victoria and the eighth fastest growing city in Australia.
Clyde North - already a well-established suburb – is forecast to see continued growth with residential building approvals over 2016/17 up 22 per cent.
The property will be sold via an international Expressions of Interest campaign closing at 5pm, Tuesday, November 12.
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Bunnings Clyde North listed for sale after recent opening

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Walker Corporation, one of Australia’s largest property developers, has partnered with two wellness operators, Wellineux and Universal Fitness at its Collins Square and Parramatta Square precincts.  
Walker Corporation will soon welcome Wellineux to its Collins Square complex in Melbourne, with plans to launch Wellineux’s new wellness studio, Mellobarre, inside the precinct next month.   
Mellobarre has been designed to provide a range of wellness programs and initiatives, including, pilates, remedial massage, hot yoga, and workshops.
About 30,000 workers and visitors come to Collins Square every day.     
At Walker Corporation’s 4 Parramatta Square development under construction in Sydney, Universal Fitness recently signed a 10 year lease.  
David Gallant, Chief Operating Officer at Walker Corporation, said: “Walker is committed to delivering a range of health and wellbeing solutions to the workforce of corporate organisations in both our Melbourne and Parramatta precincts.  
“We have listened to our tenants who are keen to see an improvement in the health and wellness standards of their staff, improving their quality of life and productivity.”
The Parramatta Square facility is expected to open in November 2019.
It will provide the latest technology and equipment, personal training, and a variety of group classes, such as zumba, pilates and yoga.  
The facility will also offer the expected 23,500 people who will be moving into Parramatta Square an experience energiser and sleeping pods, oxygen chairs, meditation rooms, along with everyday convenience services, such as laundry and health food.    
“The future of the commercial environment goes beyond sustainable development to deliver an all-encompassing holistic approach to workplace health and wellness for tenants,” Gallant said.
“This will be teamed with complementary retail and entertainment options to deliver a satisfying experience for our occupants.”
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Walker Corporation embraces wellness centres at Parramatta Square

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Humanity Place, the home of Australian Red Cross in the Park Road dining precinct in Milton, is set to come onto the market for the first time in 15 years.
Red Cross, who have owned and occupied the building since 2004, have appointed Colliers International’s in conjunction with Knight Frank, to run a national campaign closing late November.
Partner Developments’ Matthew Berg is appointed as transaction manager.
The three-level freehold property is located on a 1,902 square metre site at 49-57 Park Road in Milton, 1.2 kilometres from Brisbane CBD.
Agents expect the three-level office building to draw national interest from developers, owner occupiers and value add investors.
They say it is one of Brisbane’s best value-add buildings in the city fringe, offering holding income from Red Cross on flexible lease back terms, prime corporate exposure with potential signage income, a 1:46 square metre car parking ratio with a total of 57 basement car parking bays, as well as the mixed-use zoning with significant development upside allowing up to eight storeys (STCA).
After owning the asset for nearly 15 years, Red Cross has determined it is time to put the asset on the market with a view to redistributing funds back into the organisation to further enhance its ongoing service to the community.
“Red Cross will reinvest the funds to move to premises in Brisbane’s CBD or CBD fringe that are both more affordable to own or lease, and better suited to the needs of the people we work with,” Red Cross CEO Judy Slatyer said. 
“As community needs change, the need to operate from a particular premises changes. The sale is part of a national property masterplan that releases value from several key properties and allows us to work in locations that best serve the people who use them, from clients and volunteers to staff and partners.”
According to Colliers International research, strong tenant demand in the Milton office precinct over the first half of 2019 has resulted in record net absorption of 19,848 square metres, driving the vacancy rate down to 17.5% from a historical high of 27.9% in September 2018.
It suggests Milton is going through a major regentrification and urban renewal including the new Railway Terrace retail precinct.
There have been the recent on-market sales of fully-leased and refurbished assets at 16 Marie Street for $25.5 million and 8 Gardner Close for $25.23 million.
Milton has access to various forms of public transport, direct access to bicentennial bikeway and connectivity to north and south of the Brisbane River.
The complex features a 4.0 Stars NABERS Rating.
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Red Cross office building in Milton, Brisbane on the market

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EXPERT OBSERVER
Commercial retail property transactions virtually ground to a halt in September, with the lowest number of completed deals since April 2016 recorded.
Whilst this lack of activity may be a reflection of retail spending uncertainty, reduced lending to the sector from the banks and the growing penetration of on-line shopping, it also means greater care than usual is required interpreting the data.
TDA estimate trend cap rates fell to 6.18% in September; some 33 basis points lower than August. Consequently, trend cap rates are now at their lowest level since December 2018 and 48 basis points higher from their cyclical low in March 2018. 
The price paid per square metre, in trend terms, continued to edge up further in September, to be over 16% higher since the start of the year, although still some 5% down from its peak in November 2017.
Whilst the number of completed transactions was particularly weak during September, the volume of stock being offered on the market was also low. Consequently, the amount of gross lettable area for sale was little changed, at close to 1.1 million square metres.
Irrespective of the low level of market activity during September, retail commercial cap rates have stabilised in recent months, while the price paid per square metre has edged higher.
Even so, there has been a meaningful underperformance of retail as an investment class in the past 18 months.
Whilst not conclusive, there are some early signs of an improvement in asset values in absolute terms.
Lower real yields and the cost of debt have driven other commercial asset class cap rates to record lows of late, and it is possible the rising tide of cheap capital may start to have an impact in lifting the fortunes of retail assets.
KEY FINDINGS
Highlights — Cap Rates
Cap rates for commercial shopping centres declined by 164 basis points in September to 6.54%.
In trend terms, cap rates declined by 33 basis points to 6.18% in September. Cap rates are currently 48 basis points higher from their low point of 5.70% in March 2018.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/1/Picture1.jpg" alt=""> 
-In trend terms, cap are virtually the same as a year ago.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/1/Picture2.jpg" alt=""> 
Highlights — Shopping Centre Turnover (Transactions) 
Due to the very low level of transactions, in trend terms, the volume of Gross Lettable Area (GLA) transacted moderated during September.
This fall-back in volumes is a break from past seasonal patterns which entailed a pick-up in volumes towards the end of the year.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/1/Picture3.jpg" alt=""> 
In trend terms, the volume of shopping centre GLA transacted and the number of transactions completed were both fell sharply during September.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/1/Picture4.jpg" alt=""> 
In trend terms, the low number of transactions ensured the value of transactions in September remained at a modestly low level.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/1/Picture5.jpg" alt="">
The value of transactions, in trend terms, moved slightly lower in September, although remaining little changed from a year earlier.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/1/Picture6.jpg" alt="">
In trend terms, the price paid per square metre has edged up in recent months, to be 16.7% higher than the start of the year.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/1/Picture7.jpg" alt="">
In trend terms the price paid per square metre is now 10.5% below its peak of November 2017.
 is a director at The Data App
Each month The Data App (TDA) releases information on the commercial retail sector transaction capitalisation rates, as well as data on turnover by floor area and value, thus providing a comprehensive overview of the retail sector's performance.
 
 
 
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Shopping centres fall quiet: The Data App

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A freehold office building in Collingwood is set to be sold, with price expectations of around $30 million.
Private developer and builder Pace Development Group, led by Shane Wilkinson, anticipates the 3,082 square metre property will be due for practical completion before the end of 2019.
CBRE have been appointed to market the property.
CBRE agent Scott Orchard said the design of the property has been shaped by strong occupier demand for smaller format, whole floor accommodation.
The Melbourne city fringe property will comprise 11 levels of office accommodation with a ground floor café, end-of-trip facilities, communal areas and 17 secure basement car parks.
The building’s total annual income is projected to be $1,600,000 net, with an average lease profile of six years.
There are 11 tenancies with agreements for lease on the majority of the building and strong interest on the few remaining tenancies with five-year rent guarantees on offer. 
The Pace Development Group recently delivered Pace of Collingwood – a nine-storey apartment building diagonally opposite 51 Langridge Street, consisting of 79 apartments on the former Smith Family Head office site.
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Collingwood office building development set to be sold

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Elbon Arcade, a commercial trophy asset in the heart of Double Bay, has been listed for sale.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-double+bay-503331546" target="_blank">402 New South Head Road</a> comprises 10 commercial tenancies and currently brings in a net income of $385,000 per annum.
It is being offered for the first time in nearly four decades.
The likes of cafe Elbon Coffee, LA Spa and Nails and mens hair stylist Testarossa are among the tenants, as well as a number of office spaces. It is being offered fully leased.
Colliers International agents Matt Pontey, Miron Solomons and Nick Lumley have an October 17 auction.
They suggest the three level property on 256 sqm is ready to refurbish, redevelop or reposition. It has a 720 sqm gross building area.
 
 
 
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Elbon Arcade, the Double Bay trophy commercial property, listed for sale

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The former Bank of New South Wales in Kyneton has been listed for sale.
Marketed as one of the most iconic buildings in country Victoria, the landmark building in the Macedon Ranges north of Melbourne currently operates as a boutique hotel, as well as an associated lifestyle and home-wares store known as 'Mollisons'.
It was built in the early 1900's by notable architects Godfrey and Spowers with an asymmetrical red brick facade, steep gables, terra-cotta tiled roof, tall chimneys and distinctive Art Nouveau lettering.
Listed architecturally of State Importance, the 680 sqm building is an early example of the Edwardian Free Style.
Fully restored, the property has over 25 rooms comprising nine bedrooms, seven with ensuites, and a two bedroom apartment.
There are a number of living areas and courtyards, as well as a two large which would suit a cafe, store, wine bar or restaurant, according to Circa Hiertage and Lifestyle South Melbourne agent Dominic Romeo, who has a guide of $3.65 million to $3.95 million.
Kyneton and the surrounding region has a strong tourism sector and sees around 1.67 million visitors annually.
 
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Kyneton's former Bank of New South Wales listed for sale

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A new office/showroom/warehouse in Bayswater has been sold for $4.5 million. 
It represents a sharp yield of 5.68% and building sale rate of $2,200 per square metre.
Stan Dawidowski and Ian Angelico of CVA held the listing. 
The property comprises a floor area of 2,038 sqm, quality construction, main road profile, and finishes throughout including a passenger lift and 30 onsite car spaces. 
Set on a 3,202 sqm land holding, it was sold subject to a 5+5-year lease to a local company, with rental of $256,000 per annum.
The property is positioned opposite Mitre 10 Bayswater, between Scoresby Road &amp; Mountain Highway and about 1 km to the Bayswater Train Station.
“The firming of yields and sale rates coupled with the increase in enquiry are evidenced through CVA transactions over the past two months and there is a clearly defined level of confidence in the commercial market,”  says Angelico. 
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