Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Commercial

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A Village Cinema building in Geelong and another in Albury have been listed for sale with expectations of $14 million each.
The 11 screen cinema offering at 194-204 Ryrie Street in Geelong is the refurbished art deco Geelong Theatre, operating as Village Cinemas. 
It is being marketed by CBRE’s Justin Clarkson and Jamus Campbell with the Albury Village Cinemas, a large scale cinema and retail complex at 450-460 Dean Street. The Albury building (pictured above) was originally constructed in 1926.
Clarkson noted the stable investment opportunity presented by both properties.
“With long term leases attached, these two assets provide an attractive opportunity to acquire secure income streams underpinned by profitable businesses in two established and growing regional cities,” said Clarkson.
“These iconic buildings also benefit from a central location in the heart of their respective retail and commercial centres.”
Clarkson expects that strong yields and rental growth will drive demand for the buildings. Currently the Albury property is returning $1,374,829 per annum in rental income, setting rental yield at 9%. The Geelong cinema brings in $1,214,981 each year, with a yield about 8.5%.
“Both leases have generous annual built-in rental growth provisions throughout their respective terms, providing an annual additional uplift in returns,” Clarkson said.
The properties are being offered for sale separately or together via an expressions of interest campaign until 8 May.
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Double pass: Two Village Cinemas hit the market

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Swedish fashion giant H&amp;M has declared it will open more Australian locations as it prepares for its <a href="https://www.smartcompany.com.au/growth/innovation/41147-ham-locks-in-australian-store-date-following-local-e-commerce-launch" target="_blank">first store launch</a> in Melbourne tomorrow.
The company, which will open the doors to its 5,000 square metres flagship at Melbourne’s heritage-listed GPO building at 10am on Saturday, expects to roll out more sites this year.
H&amp;M global chief executive Karl-Johan Persson said the retail powerhouse expects to open around six flagship stores in Australia over the next 12 months, followed by more next year, the Australian Financial Review reports.
The business is already eyeing locations in Sydney, Perth, Adelaide and Brisbane, <a href="https://www.theage.com.au/lifestyle/fashion/sneak-peek-fashion-giant-hm-set-to-open-its-melbourne-flagship-store-20140403-360y7" target="_blank">The Age reports</a>.
Persson also said H&amp;M would offer the same product that it does in international markets and at similar prices. It will keep price equality by absorbing the higher costs for Australian rent and labour, <a href="https://www.afr.com/p/business/companies/prices_in_australia_to_match_overseas_q0VsF9h0aXd2NuWD904NeL" target="_blank">the AFR reported</a>.
It will also build on its Australian ecommerce site, which it launched in February this year, with a range of products exclusively available in Australia.
Last night it held a preview launch, which The Age described as “one heck of an opening party”. Australian Retailers Association executive director Russell Zimmerman attended the launch event and says he was “blown away” by the store and the product offer.
“Last night’s launch event was truly impressive,” he says. “The new H&amp;M store has something for every Australian consumer and represents visual merchandising at its finest.”
Zimmerman told SmartCompany that the store is bringing a “lot of excitement within the retail industry”. He says it makes good use of the three levels of the GPO Building and was among the best examples of a H&amp;M store he has seen internationally. 
"It is fair to say it is extremely well laid out in terms of a clearly defined store.
"This is a retailer that really knows what it is doing. There was a huge depth of range in terms of the stock and it is very much a flagship for Australia."
He was not perturbed by the competition to local retailers, but rather embraced it. 
“Having another well-known international retailer is always beneficial to competition, and the ARA is confident that local retailers are more than capable of stepping up to the mark to compete with any newcomers to the industry.
“The fact that more and more international retailers are choosing to set up shop in Australia is a positive sign that the Australian retail industry may finally be on the road to recovery.”
Zimmerman says the H&amp;M store, coupled with the adjacent new Emporium centre that is opening in a couple of months, is making the Melbourne CBD an impressive retail hub for international and interstate visitors.
The new H&amp;M store has a series of shop-within-shop-style areas, with menswear, womenswear, childrenswear, streetwear, lingerie and accessories among the product categories.
H&amp;M was founded in 1947 and has over 3,000 stores in 53 countries. It is still partly owned by the family of the original founder.
H&amp;M is one of many international retailers putting their stamp on Australia. Scandinavian label <a href="https://www.google.com/url?q=https://www.smartcompany.com.au/growth/economy/35550-scandinavian-fashion-brand-cos-to-open-in-australia&amp;sa=U&amp;ei=bes9U72RNoW1kAWnioGIBg&amp;ved=0CAYQFjAA&amp;client=internal-uds-cse&amp;usg=AFQjCNGqHU6myBd0DlqqXFXStGeWEnr2kg" target="_blank">COS</a> recently announced it would launch its first Australian store in Melbourne, while Japanese retailer Uniqlo is also set to open this year.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
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H&M set for Australian roll out as its first local store launches tomorrow

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Ballarat's Lal Lal Estate, a 2,000-hectare merino wool property owned by the Fisken family for six generations, is being sold to the Chinese wool buying company, Tianyu.
The 168-year-old property, east of Ballarat, comes with 100 year old Edwardian homestead and granite stables built in 1858.
Tianyu was credited in 2009 as having the largest plant in China with annual wool scouring capacity of 27,000 tons and annual production of 12,000 tons of Australian wool tops. 
It's been sold by Geoff Fisken, the Wool Producers Australia (WPA) president.
Six generations ago Archibald Fisken was eleven when he arrived in Victoria from Scotland with his parents and uncle and aunt in the 1830s. Young Archibald’s father, also Archibald, brought a prefabricated iron house and 40 casks of oatmeal with him. He built the house at the top of Lonsdale Street. Archibald’s uncle, Peter Inglis, didn’t stay in Melbourne instead choosing to settle on a property he called Ingliston at Ballan on the Werribee River.
 Young Archibald went to live with his uncle and aunt and was tutored on the property. At the age of 19 Archibald was put in charge of the property which stretched all the way to Ballarat with what would become the Lal Lal property forming part of it. Archibald was thirty before he married, a sixteen year old named Charlotte McNamara from Sydney. A competent farmer by now his uncle gave him Lal Lal providing he never put his name on a promissory note. They lived in a small stone house on a lower section of the property.  Archibald and Charlotte had a son they called Archibald James who also worked on the property. 
<a href="https://www.ballarat.com/lal-lal-estate/index.htm" target="_blank">The family website</a> shows he married May Wanliss and it was Archibald James and May who built the present homestead in 1911.
Lal Lal is an Aboriginal name for water.
They had one child who was called Archibald Clyde Wanliss Fisken. He married Elspeth Cameron from Tasmania and they had four children, the first being name Archibald John. Archibald Clyde was educated at Geelong Grammar, then went to England and joined the Royal Artillery in World War I and awarded a Military Cross for bravery in France. He became the federal member for Ballarat and served one term. He was chairman of the Australian Meat Board for 10 years, served on Buninyong Shire Council and died in 1970 Archibald John met Patricia Falkiner and married in Melbourne in 1951 and lived at Lal Lal, they had four children David, Rena, Geoff and Anita. John managed the property until his death in 1989.  John and Patricia’s son Geoff now runs the Yendon property. He has been the Wool Producers Australia (WPA) president. The property runs cattle and 13,000 merino sheep and grows cereal and oilseed crops. Lal Lal Estate was also available for functions, conferences,media advertising, location photographic shoots and car rallies.
Tianyu’s Australian head of operations Peter Carey confirmed the company’s purchase to the local paper this week.
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jchancellor-FAypfDUnLy

Ballarat's Lal Lal Edwardian homestead estate sold to Chinese wool buyers, Tianyu

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Investors are being offered a rare opportunity to acquire an award winning Australian winery in the Hunter Valley region - the prestigious James Estate Wines. 
The fully integrated vineyard and winemaking operation produces a range of premium red, white, sweet and fortified wines. 
Up for sale is a vineyard, winery and cellar door operation on 575 hectares in the upper Hunter Valley and a winery and cellar door operation of 43.6 hectares in Pokolbin, in the heart of the Hunter Valley.
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Hunter Valley winery up for sale

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Brisbane’s landmark State Law Building in the north quarter of the CBD has been slated for sale.
The 50 Ann Street building is fully leased to the Queensland state government until 2020 and is being sold by Harburg Investments. 
The 25-storey tower offers 25,519 square metres of office space and includes 119 car parks. It was given the nickname of Batman building in 1995 after becoming the first major Brisbane CBD building to receive a complete refurbishment, including a total façade replacement and roof treatment which resulted in the property earning its name. 
The building was again upgraded in 2006/2007 when the current lease to the Queensland government started, becoming one of the city's first 5 Star NABERS energy rated buildings.
Bill Tucker, Bruce Baker and Flint Davidson of CBRE are marketing the property. 
Mr Tucker said the building was currently rented at a rate which was below market levels. "This is very unusual in the Brisbane CBD – a market in which most buildings are now over-rented due to the timing of recent supply and demand cycle," he said. 
“There is currently a significant lack of stock available in the Australian office sector and given the attributes of 50 Ann Street we expect the sale campaign to generate strong interest from both local and offshore buyers.”
Expressions of interest close on May 8.
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Brisbane's landmark State Law Building slated for sale

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One of Ballarat's most prominent buildings - the Masonic Hall - is being offered for sale, with price expectations of $675,000 plus. 
Formerly known as Electra Hall, the 14 Camp Street property is today being run as an art gallery. 
The 340 square metre site sits in the heart of the Ballarat CBD and features 187 square metres of mostly open plan ground floor. The lower level is 170 square metres and is also mostly open plan. 
The two-storey, solid brick building is on a bluestone foundation with iron roof and timber floors.
Colliers International’s Charles Kennedy is marketing the property on behalf of the gallery owners.
"The building was constructed during the gold rush era in the 1870s as a Masonic Temple and was used as such until 1927, when it was sold to the State Electricity Commission for use as social club rooms", he said.
"It has only had three owners since then as far as we are aware.”
Mr Kennedy said it was a unique opportunity to buy a piece of Ballarat period history, a solid building with immediate leasing potential. 
The Masonic Hall will be offered with vacant possession and is offered for sale at $675,000 plus GST.
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Ballarat's iconic Masonic Hall offered for sale

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Engineering and infrastructure management services company Downer EDI Limited has leased 711 square metres of office space in the Fauldings headquarters building in the Adelaide suburb of Underdale. 
The company has committed to a two and a half years lease, at 115 Sherriff Street, with the initial rent struck at $250 gross per square metre annually.  
CBRE’s Michael Pfitzner negotiated the deal on behalf of lessor Symbion. 
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Downer EDI Limited lease Underdale, Adelaide office space

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A development site opposite Fremantle Port has sold for $2.1 million to the St Patrick's Community Support Centre. 
The 938 square metre site, at 3 Beach Street, is currently occupied by a warehouse and two retail shops, but it has the potential to be developed into a six-level building.
The purchaser - which fended off rival bids from owner occupiers, developers and private investors - plans to occupy the existing building and provide additional affordable housing for the disadvantaged within the community.
Knight Frank associate director Todd Schaffer was the selling agent. 
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Fremantle development site fetches $2.1 million

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Strong competition for a commercial freehold building located within the Footscray Activity Centre has sold for $800,000 above the reserve price.
Four bidders chased the property, at 202-208 Nicholson Street and 37 Albert Street, before it fell under the auctioneers hammer for $5.8 million.
The property encompasses a large land site of about 2,639 square metres with dual 24 metre- plus frontages to Nicholson and Albert Streets.
It features a two-storey commercial office freehold of about 2,706 square metres which includes four ground floor retail showrooms and first floor commercial office accommodation. The property is leased to established tenants with an estimated net rental of $490,000 per annum, which reflected an initial yield of 8.5% to the purchaser.
Among the tenants are Parliament of Victoria (Marsha Thompson MP), Carers Association of Victoria Incorporated, Choice Family Day Car Services, and Haange Family Day Care.
Fitzroys agents James Gregson and David Bourke handled the campaign. Mr Gregson said the property’s location within the Footscray Activity Centre, close to Victoria University, Grocon’s McNabb development and Footscray Railway Station, which was undergoing development, was a major factor in the successful outcome. “We are witnessing greater interest across these inner western markets from investors and developers seeking to get in early and seize these unique opportunities,” he said.
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Footscray commercial freehold building sells for $800,000 above reserve price

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A retail property in the heart of Melbourne's popular shopping district Brighton has fetched $1.3 million at auction.
Three bidders battled it out for Shop 1, 72-74 Church Street, with the end buyer being a local resident. 
The property is used for the sale of stationery and printing services and consists of a single-level brick building of about 127 square metres. It also includes a mezzanine office area accessed via internal staircase. The sale is subject to a new 5+5+5-year lease from January 2014 to established business Bizworks, returning $60,000 plus outgoings and GST.
Fitzroys senior associate Mark Talbot was the selling agent.
“In comparing the recent sale of 46a Church Street, which sold for $3.2 million on a yield of 2.6%, this sale presented excellent value and future growth,” he said.
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