Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Investment

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GUEST OBSERVER
Moves by regulators and banks to curb the growth in investment lending in response to spiralling Sydney and Melbourne property prices could cool the investment market nationwide.
The decision by lenders to raise interest rates on investor loans and other changes to tighten up investment lending was penalising investors.
Changes aimed at trying to simmer the property hot spots of Sydney and Melbourne would needlessly harm investors in other parts of Australia
Not only have there been interest rate rises for investors but also changes to loan servicing calculations and Loan to Value Ratio (LVR) requirements, with the Australian Prudential Regulation Authority (APRA) encouraging the crackdown.
Our economy is in a two speed cycle with the big property price increases focussed on Sydney and Melbourne.
Regulators and lenders need to be careful with how they deal with this as they risk hindering the market in others parts of the country where real estate is not booming.
The lending landscape is changing with a mixed bag of LVR requirements which are now causing a great deal of uncertainty in the market.
Investors in places such as Brisbane and Perth are being unfairly targeted over the property boom in Sydney and Melbourne.
 
Kent Leicester is managing director of Cigna Wealth and can be contacted <a href="https://www.cignawealth.com.au" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Investor lending changes could backfire: Cigna Wealth's Kent Leicester 

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Four out of the top five most clicked homes for sale on realestateview.com.au for the last week are located in Victoria, with only one entrant from NSW.
The listing that gathered the most interest online was a stylish three bedroom home belonging to Nick and Chris from the first season of House Rules.
The property, <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9273376" target="_blank">19 Jackman Street, Preston, Victoria,</a> is the only house on the street with dual car access and is being sold through hockingstuart Preston auction on Saturday, August 29.
<img src="/images/2015/08/21/19-Jackman-Street-Preston-VIC-3072-Real-Estate-photo-1-large-9273376.jpg" alt="" width="401" height="267">
 
A four bedroom three bathroom Doncaster house listed with $1.2 million hopes was the second most clicked property.
The <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9204246" target="_blank">77 Church Road, Doncaster, Victoria</a> home faces north, is ripe for development and is for sale through Fletchers.
 
<img src="/images/2015/08/21/77-Church-Road-Doncaster-VIC-3108-Real-Estate-photo-1-large-9204246.jpg" alt="" width="410" height="273">
  
A sold five-bedroom home with three living areas, a pool next to the outdoor room and deck complete with custom fit out is the third most popular listing.
The <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9218950" target="_blank">44 Cummins Road, Brighton East</a> home sold for $1,850,000 through Marshall White Brighton.
 
<img src="/images/2015/08/21/44-Cummins-Road-Brighton-East-VIC-3187-Real-Estate-photo-8-large-9218950.jpg" alt="" width="447" height="298">
 
The only home to feature on the list in New South Wales is a brand new property located at <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-9156442" target="_blank">10 Lauren Close, Gol Gol</a>, for sale at $490,000. 
The four bedder with a massive family room and study nook features 9ft ceilings and spotted gum timber floors throughout.
It is for sale through Roccisano Real Estate.
<div>
<img src="/images/2015/08/21/10-Lauren-Close-Gol-Gol-NSW-2738-Real-Estate-photo-1-large-9156442.jpg" alt="" width="483" height="321">
 
The final home on realestateview's top five most clicked houses for the last week is <a href="https://www.realestateview.com.au/Real-Estate/25-barry-street-kew/Property-Details-buy-residential-8547722" target="_blank">Lot 210 No 3 Vibrandia Way, Truganina, Victoria</a>, available through Wyndham Lakes Real Estate.
Homes in the estate are available from $305,000 to $335,000.
<div>
<h2><img src="/images/2015/08/21/Lot-210-No-3-Vibrandia-Way-Truganina-VIC-3029-Real-Estate-photo-1-large-8547722.jpg" alt="" width="546" height="410"> </h2>
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mick.cee-iDmgDDAmu8

House Rules home dominates most clicked house listings: Realestateview.com.au

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Marketed as Australia's most affordable Woolworths, Burgess Rawson have secure the sale of the George Town, Tasmania premises for $4.95 million at recent auction.
The 8 Bathurst Street, George Town tenants come with an established lease with 20 + 10 year lease through to 2042. 
The rent is $336,682 pa.
The 1978 square metre Woolworths at <a href="https://www.burgessrawson.com.au/3P1087#.Va8OqSqqqko" target="_blank">8 Bathurst Street, George Town</a> has been described as a "consistent and progressively performing investment" with a captive trade catchment. 
The single tenant offering has minimum management investment with income tax saving depreciation. 
George Town is described as a residential and service centre for major industry including Bell Bay Aluminium generating a 1,500 workforce. 
George Town is a large town in north-east Tasmania, on the eastern bank of the mouth of the Tamar River. 
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George Town Woolworths sells at $4.95 million

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A fully leased retail investment property in Richmond is set to go under the hammer with expectations of around $1.5 million.
The 160 square metre, Commercial 1 zoned site at 142 Bridge Road is currently a restaurant with function area on the first floor.
Teska Carson’s Tom Maule said the property will be sold subject to a three year lease to Chuck Taylor’s Pty Ltd, trading as Mister Jennings, at a current income of $72,100 per annum from June 2014 with two further terms of four years and 3% annual rental reviews with a market review at the option. 
The property will be auctioned on Friday, August 21 at 1 pm on site.
 
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jonathanchancellor-7SQnKwU6yx

Richmond Hill restaurant has $1.5 million hopes

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House rents have increased 0.7% of the past year, with rental for units increasing 1.6% for the combined city capitals according to new figures from CoreLogic RP Data.
CoreLogic RP Data's July Rental Index also found rental rates for houses down 0.5% and units up 0.2% over the three month period ending July.
According to the report, the rental growth rate slowed due to new housing supply and 'historically high levels of housing investment'.
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Property investors are warned growth in rent could possibly slow more in the next few months given the activity in residential construction and high investment demand.
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House rents up 0.7%, units greater: CoreLogic RP Data

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House price growth in the Albany Urban Area in West Australia grew 5.3% over the year, with the new median house price at $389,750, according to new figures from the REIWA.
Albany was named best performing regional centre for property over FY14/FY15, with 456 house sales, 42 unit sales and 200 land sales over the last year.
The Busselton Urban Area was second with a 3.4% growth over the financial year, with the local suburb Abbey recording a median house price of $625,000, up 15.7% over the year. 
REIWA’s Branch Chairman for Albany, Barry Panizza, said the lift in median price over the last year really only brings us back to where we were five years ago, because the market has been weak for that long. 
"However, it’s encouraging to think that we might now be returning to a better position of forward growth and it gives buyers and sellers a bit more confidence," Mr Panizza said.
“Turnover, however, was down 10 per cent on last year which could be attributed to fewer properties on the market and this also helped with price growth.
“I also think there may have been some renewed interest in Albany following the hugely attended ANZAC commemorations over the last 12 months. Thousands of people from all over Australia got to see and experience Albany last October and again in April this year, and it wouldn’t surprise me if that resulted in a few people relocating here or acquiring an investment holiday home for the future,” he said.  
Bayonet Head prices are up 8.8% with a median of $397,000, Mount Melville up 5% to $380,000 and Spencer Park, up 4.9% to $350,000. 
Karratha dropped 32.3% to a median price of $440,000.
 
 Regional Centre results – Year to June 2015 
<table cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="middle">
REGION
</td>
<td valign="middle">
NUMBER OF HOUSE SALES
</td>
<td valign="middle">
PERCENTAGE GROWTH ONE YEAR  
</td>
<td valign="middle">
MEDIAN PRICE 
</td>
</tr>
<tr>
<td valign="middle">
Albany Urban Area
</td>
<td valign="middle">
456
</td>
<td valign="middle">
5.3%
</td>
<td valign="middle">
$389,750
</td>
</tr>
<tr>
<td valign="middle">
Broome Urban Area 
</td>
<td valign="middle">
125
</td>
<td valign="middle">
- 6.5%
</td>
<td valign="middle">
$575,000
</td>
</tr>
<tr>
<td valign="middle">
Greater Bunbury 
</td>
<td valign="middle">
1,097
</td>
<td valign="middle">
1.3%
</td>
<td valign="middle">
$385,000
</td>
</tr>
<tr>
<td valign="middle">
Busselton Urban Area 
</td>
<td valign="middle">
464
</td>
<td valign="middle">
3.4%
</td>
<td valign="middle">
$460,000
</td>
</tr>
<tr>
<td valign="middle">
Carnarvon Urban Area
</td>
<td valign="middle">
36
</td>
<td valign="middle">
0.4%
</td>
<td valign="middle">
$333,750
</td>
</tr>
<tr>
<td valign="middle">
Esperance Urban Area 
</td>
<td valign="middle">
125
</td>
<td valign="middle">
10.7% *
</td>
<td valign="middle">
$387,500
</td>
</tr>
<tr>
<td valign="middle">
Geraldton/Greenough
</td>
<td valign="middle">
412
</td>
<td valign="middle">
-2.6
</td>
<td valign="middle">
$370,000
</td>
</tr>
<tr>
<td valign="middle">
Kalgoorlie/Boulder
</td>
<td valign="middle">
364
</td>
<td valign="middle">
1.5%
</td>
<td valign="middle">
$345,000
</td>
</tr>
<tr>
<td valign="middle">
Karratha Urban Area 
</td>
<td valign="middle">
145
</td>
<td valign="middle">
-32.3
</td>
<td valign="middle">
$440,000
</td>
</tr>
<tr>
<td valign="middle">
Mandurah/Murray
</td>
<td valign="middle">
1,885
</td>
<td valign="middle">
0.7%
</td>
<td valign="middle">
$405,000
</td>
</tr>
<tr>
<td valign="middle">
Northam
</td>
<td valign="middle">
124
</td>
<td valign="middle">
-3%
</td>
<td valign="middle">
$263,000
</td>
</tr>
<tr>
<td valign="middle">
Port Hedland 
</td>
<td valign="middle">
97
</td>
<td valign="middle">
-6.3%
</td>
<td valign="middle">
$750,000
</td>
</tr>
<tr>
<td valign="middle">
REGIONAL WA 
</td>
<td valign="middle">
7,484
</td>
<td valign="middle">
0.8%
</td>
<td valign="middle">
$383,000
</td>
</tr>
</tbody></table>
 
*The varied composition of sales and small sample sizes skewed the result in Esperance so the figure of 10.7% growth in median price should be treated with caution. 
 
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Western Australia's top ranked suburbs for house price growth: REIWA

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The majority of potential property investors remain undeterred by APRA's recent changes in investment policy, according to new research by Mortgage Choice. 
54% of respondents to Mortgage Choice's 2015 Investor Survey plan to continue with their investment plans regardless of changes to investment lending policies.
Mortgage Choice chief executive office John Flavell said 70% of respondents believed now was still a good time to invest.
“While on average 54% of investors said the changes wouldn’t affect their investment plans, the story was a little different for Gen Y buyers,” Mr Flavell said.
“Baby boomers by comparison, were far less likely to be put off by the changes, with just 30% saying any changes would affect their property investment plans.
“Our data shows an increasing number of investors are actually Gen Y’s who are purchasing property for the first time. For many younger buyers, purchasing an investment property before an owner occupied property gives them the opportunity to purchase where they can afford while still living where they want."
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Investment changes fail to deter property investors: Mortgage Choice

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The financial services group AMP has appointed Adam Tindall to succeed Stephen Dunne as managing director of its AMP Capital division.
Adam Tindall will assume the role following Stephen Dunne’s upcoming retirement.
Adam Tindall is currently AMP Capital’s chief investment officer, property. 
He will start in his new role in October 2015 after a period of transition alongside Stephen Dunne.
AMP Capital is a specialist investment manager that manages over $160 billion across a range of asset classes including equities, fixed interest, property and infrastructure.  
Adam has 28 years of experience in the property industry, joining AMP Capital Property in 2009 from Macquarie Capital.
Prior to this, Adam spent 17 years with Lend Lease, ultimately working in various business leadership roles including chief executive officer, Asia Pacific for Bovis Lendlease.
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AMP Capital appoints Adam Tindall as MD

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A developer has paid $3.22 million for a double-fronted street level Ashburton property with the intention of seeking approval to build a multi-level residential block.
The site, 237-239 High Street Ashburton property is on a 460 square metre site, has two levels split between 194 square metres in total and features ground floor retail space with 12 metre frontage onto High Street. It was sold subject to a short term tenancy at $74,807 per annum.
Around 100 onlookers attended the Teska Carson auction.
It last sold in 1995 at $570,000 when sold by Westpac.
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Developer pays $3.22 million for Ashburton property

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GUEST OBSERVER
Not since 1998 have banks charged a higher rate for investment property loan as compared to owner-occupiers. You may have seen the news that ANZ have decided to slug heaps of their mortgage clients. Independent of any RBA movement, they are increasing the standard variable rate by 0.27% for investment home loans.
Unfortunately, CBA today announced the same thing. The interest rate for existing variable investment CBA home loans will rise by 0.27% from August 10th. 
The stance of iChoice is that these tactics are opportunistic, and ANZ &amp; CBA clients should think again. 
The APRA directive is for investment lending growth to be limited by 10%. So the unpublished interest rate discounts offered to us high-end brokers will be stronger for those taking a loan against their home. We have accepted this, in fact since some banks are much more flexible than others (some not discounting at all) the importance of a knowledgeable broker is becoming more apparent.
So why are ANZ &amp; CBA slugging EXISTING clients, if the APRA directive related only to growth? These questions should be asked. The beauty of some banks is that their home loans, whether for a home or an investment, is actually the same product, so they wont have the ability to pinpoint the investors to discriminately slug them. maybe check your statement and see if the name of your product includes the word ’investment’.
So will this intervention in market forces negatively affect the run of the property market? Will cashed-up foreigners be laughing as local investors get further priced out? What we do know immediately, is that CBA clients with an Investment Home Loan will be fuming as they watch the news tonight, like ANZ customers were last night!
iChoice will be emailing our client base with facilities at ANZ and CBA this weekend with our recommendation for next steps.
Off-the plan buyers know that some banks lend against the valuation at completion (not the LOWER of purchase price and valuation like the nasty banks). I say this because I have heard of many people getting slugged with thousands of dollars of LMI because they just don’t know (do they know that us mortgage advisors are free??). 
Also, Westpac for a limited time are lending 85% with no LMI, for purchases OR refinances but applications must be in by the end of August.
As usual, Citibank have an 85% no-LMI as their standard, and great fixed rates too.
As an acclaimed Flame broker, I can often lend 90% with no LMI to doctors, pharmacists, dentists, vets, accountants, barristers and solicitors.
Jason Khoury is principal, iChoice Mortgage Brokers and can be contacted <a href="mailto:jason=ichoice.com.au@mercurymail.connective.com.au" target="_blank">here</a>. 
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