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

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

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

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

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

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

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

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

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

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

Knight Frank

<html><body>
Riding on last year’s strong momentum, the waves of Chinese outbound capital continued in primary real estate markets around the world in the first half of 2016, according to Knight Frank.
Looking at the total volume, the US$10.7 billion invested actually represents a 13.6 percent drop compared to the same period last year.
But this should be considered in the context of some of the biggest real estate deals in Chinese outbound investment history early last year, such as the US$1.9 billion purchase of New York’s Waldorf Astoria.
Nevertheless, Chinese investment was gaining momentum as we crossed the half-year mark. Since June there have been deals in the making that promise to turn 2016 into another productive year.
<a href="/images/2016/10/19/Chinese%20global%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20global%20real%20estate.jpg" alt="">
The US market attracted US$5.1 billion worth of Chinese investment in the first half of the year, up 21 percent year-on-year (YoY).
Chinese investors, like most international investors, are again focusing primarily on the major markets, especially New York, which attracted 80 percent of Chinese investment in the US. Remarkably, the amount of Chinese capital invested in New York from January to June was equivalent to 81 percent of Chinese capital invested in the city in all of 2015.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate.jpg" alt="">
A large share of this (62 percent) was in office deals, as Chinese institutional capital continued to chase trophy assets. A joint venture involving China Life, for example, bought the PaineWebber Building in New York for US$1.65bn. Both CIC and HNA group also splashed out on New York offices this year.
<a href="/images/2016/10/19/Sector%20share.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Sector%20share.png" alt="">
Major hubs on the west coast, such as San Jose and Seattle, also drew interest from Chinese investors, particularly hi-tech-related development sites and industrial properties. For example, LeEco acquired the former Yahoo site, where it reportedly plans to set up regional headquarters.
As the Fed-led low interest-rate environment persists, Chinese investors, like all investors chasing yield, will continue to favour tangible assets such as real estate in the next few years. Added to this is the slow devaluation of the renminbi against the US dollar, which has resulted in a sense of urgency for Chinese investors to invest in USD-denominated assets.
<a href="/images/2016/10/19/Location%20share.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Location%20share.jpg" width="400">
Some investors may wait for the coast to clear regarding the presidential election, but barring a major political upset, the US should see slow but stable GDP growth of around 2 percent, according to IMF’s latest forecast. This will put the US ahead of other developed countries, where the danger of a recession continues to linger.
Added to this advantage is the significant market depth, not just in New York, but in a score of coastal hubs and high-tech centres, making the US the foremost investment destination 2,700 for Chinese capital.
<a href="/images/2016/10/19/Chinese%20real%20estate.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate.jpg" width="400">
In the six months leading up to the Brexit vote, London, which drew the lion’s share of Chinese investment in the UK, saw a number of large en- block deals, which contributed to the US$1.7bn in total volume, a whopping 75% uptick year on year.
Even though there were only a limited number of transactions, London’s status as a key international financial centre and the perceived stability of the UK economy definitely contributed to this tremendous growth.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%202.jpg" alt="">
One interesting aspect of these deals is that private banks, developers and conglomerates such as Baosheng Bank and Fosun became noticeable part of the investment landscape, which was crowded last year with major Insurance companies. This is partly because they are able to make decisions more quickly. They tend to favour the City and West End over Canary Wharf, partly because of pricing.
Even after the Brexit vote, Chinese investors’ interest in London seems undiminished, as there have been a few major office transactions since July. For example, through its majority-controlled SRE group, China Minsheng Investment Corp, said to be China’s largest private investment conglomerate, bought Societe Generale’s London headquarters for GBP84.5 million (US$110 million) in September. Meanwhile, Vanke reportedly bought London’s Ryder Court for GBP115 million (US$149 million) through Hong Kong-listed Vanke Overseas.
<a href="/images/2016/10/19/Chinese%20real%20estate%202.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%202.jpg" width="350">
While economists have torn up their previous forecasts of a UK recession, the negotiation process for Brexit will still mean increased political uncertainty in the short term.
During this period we expect overseas buyers to focus on Central London, particularly districts popular with technology and media firms, instead of looking at the wider UK. The fall in the value of the pound and recent yield softening has made London more attractive than some other global hubs.
Chinese investors and developers spent US$1.7bn in Australia in H1 2016, a 37 percent decline YoY. With the absence of mega-deals, such as CIC’s record breaking purchase at US$1.8bn for an office portfolio, the volume of office deals dropped 65 percent and hotel deals dropped 42 percent YoY. Meanwhile, investment in development sites stabilised.
Despite this, Chinese and other Asian capital continues to be drawn mainly to the office markets in Sydney and Melbourne. Tenant demand from various sectors remains strong, but lack of supply has caused rents in both cities to rise and vacancies to fall. Yields, meanwhile, have been tightening, but are still above long-term bond yields.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" alt="">
Fewer buying opportunities, coupled with the positive rental outlook, have already attracted large Chinese private developers such as Poly Group and Shanghai Shenglong to the office market. Since June there have been a number of major deals in the making, which will underpin the investment market outlook for 2016.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%203.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%205.jpg" width="400">
Despite its relatively smaller market, Hong Kong has attracted Mainland investors because of its role as the international financial centre closest to the Mainland and the increased financial cooperation between the two sides.
<a href="/images/2016/10/19/Chinese%20real%20estate%204.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Chinese%20real%20estate%204.jpg" width="350">
In H1 2016, Hong Kong attracted over US$1.68bn worth of Chinese investment, down only 9% from the US$1.86bn recorded in the same period last year.
Since last year, a series of currency and stock connect schemes between Hong Kong and the Mainland have attracted new tenant demand from across the border. As Hong Kong office rents remain the highest in the world, any opportunity to own a trophy Grade A office asset in the CBD cannot be ignored.
Following Evergrande’s US$1.6bn purchase of the MassMutual building last year, Everbright group dished out US$1.28bn on the Dah Sing Financial Centre in H1 2016. In July, Cheung Kei Group, a private developer from Shenzhen, bought the East Tower of One Harbour Gate in Kowloon for US$580 million.
<a href="/images/2016/10/19/Top%20Chinese%20real%20estate%204.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/19/Top%20Chinese%20real%20estate%204.jpg" alt="">
Thanks to the severe shortage of en-block Grade A office buildings for sale, any property offered for sale is guaranteed to attract Mainland institutional investors and prominent developers, who are willing to pay higher prices.
The Hong Kong residential land market also offers better opportunity than some of the hotly contested Mainland markets. As witnessed in a recent land auction, Mainland developers are prepared to pay a higher premium in order to secure market share in the city and take advantage of anticipated growth in residential prices.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Chinese outbound real estate investment changing currents, rising tide: Knight Frank

<html><body>
Earlier in the month Apartments.com.au <a href="/news/development-sites-presently-advertised-for-sale-offer-a-reflection-of-the-current-market">highlighted the strong field of development sites</a> currently on the market, with a slant toward suburban sites holding sway over inner city offerings. Developers gazes may well be swing back to the inner city with two prime sites offered in the interceding time, will full approvals in tow.

<h2>54-56 Clarke Street, Southbank</h2>

Planning Minster of the day Matthew Guy labelled it "a revolutionary change for the way that we design buildings in Melbourne.” And now a Melbourne Cup field of developers will no doubt run the ruler over the approved 54-56 Clarke Street with an eye toward creating Melbourne's next landmark building and the bragging rights that go with such a tag.

The development site has been listed for sale with incumbent proponent Matrix and Cube choosing to move the Southbank site on rather than proceed with a dedicated apartment sales campaign. The project dubbed 'Elysium' has thus far maintained its own website which has allowed interested parties to register their interest in the project. 
Freshly listed with both CBRE City Sales and Knight Frank, 54-56 Clarke Street is a 74 level project with approval for 288 high-end apartments and an associated ground floor cafe.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image30_5.jpg" rel="gallery-all" title="Initial plans for the project had it known as Elysium"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image30_5.jpg?itok=CPkS_6Kg" title="Initial plans for the project had it known as Elysium" width="580"></a>

<figcaption>Initial marketing for the project referred to the tower as Elysium</figcaption></figure>Lauded as innovative and technologically advanced, the approved 240 plus metre design by BKK Architects is unique in that a design of a similar height onsite could not likely be replicated owing to interim planning controls implemented during 2015. Thus any potential buyer of the site could deliver the approved scheme which would be considerably taller than those buildings surrounding it, both in the present and the future.

The successful buyer will have a chance to secure the site via an Expressions of Interest campaign which closes Monday the 11th of April.

<h2>10 Moreland Street, Footscray</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image35_1.jpg" rel="gallery-all" title="10 Moreland Street is available. Image courtesy Architecton"><img alt="" class="image-article-full-width-580px" height="764" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image35_1.jpg?itok=gV7wyFkL" title="10 Moreland Street is available. Image courtesy Architecton" width="580"></a>

<figcaption>10 Moreland Street is available. Image courtesy Architecton</figcaption></figure>10 Moreland Street was the first high-rise to gain approval within Footscray's Joseph Road Precinct. At 26 levels and 86 metres the approved design is also one of the urban renewal precinct's tallest.

Designed by CBD-based Architecton and in the hands of agent Savills, the tower is capable of accommodating 210 dwellings over the 1,277sqm site, with three street frontages holding retails tenancies.

Other notable development sites offered for sale recently in the immediate area include <a href="/buildings/liberty-one-1-warde-street-footscray">1 Warde Street</a> with 380 approved apartments in tow along with 54-58 Hopkins Street. Better known as Franco Cozzo's Footscray home, 54-58 Hopkins Street has been billed as capable of handling a sizeable tower.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image33_5.jpg" rel="gallery-all" title="Architecton's take on 10 Moreland within the Joseph Road Precinct"><img alt="" class="image-article-full-width-580px" height="329" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image33_5.jpg?itok=9IGlhJLL" title="Architecton's take on 10 Moreland within the Joseph Road Precinct" width="580"></a>

<figcaption>Architecton's take on 10 Moreland within the Joseph Road Precinct</figcaption></figure>
</body></html>

silvermb

54-56 Clarke and 10 Moreland enter the already strong development site field

<html><body>
Agent: Terry Hassan<img src="/images/2014/05/19/hassan-profile.jpg" alt="" style="float: right;">
Position: Associate director, sales and leasing
Company: Knight Frank
Office location: South West Sydney
How long have you been in the industry? 
I have been in the real estate industry for over 10 years.  I firstly began my career in Western Sydney where I was a residential agent for a number of years before moving to BB Retail Capital (BBRC) and specialised in retail leasing. For the past six years, I have worked in commercial, retail and industrial
What’s happening in the area you specialise in?
The south-west is arguably Sydney’s fastest growing region with a growing number of new developments in the pipeline, coupled with land rezoning and the recent announcement of the Badgerys Creek Airport, the region is thriving with residential and industrial development.
Describe the most interesting property you have sold
I believe every property is interesting and has its own merit, although one that stands out would most likely be a deal that was negotiated over a term of 12 months. This included a number of issues in rezoning, council objections and even a court battle so all in all, I learnt a great deal and this was a very interesting transaction.
What are the ingredients to being successful in your job?
I believe success is not about how much money you make but what impression you leave on your client. Without a doubt, attitude would have to be the most important ingredient to being successful in your job as an agent. Even if the world is falling apart around you, remember to stay positive.
What aspects of your role do you enjoy the most?
I thrive on being in an auction environment; there is nothing better than being amongst a fast paced, exciting auction.
Where would you invest a spare $750,000?
At the moment I would say industrial as demand will only continue to increase and its capital growth is higher than residential.
Which football team do you support?
"The family club" - Canterbury Bulldogs.
What’s your favourite app or techno gadget?
Most people might find this fairly boring, although I would need to say my mortgage calculator. It calculates stamp duty and loan repayments within seconds and is super easy to use.
How do you use social media?
I’m a huge fan of <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/terry-hassan-sales-and-leasing/44/4a/436" target="_blank">LinkedIn</a>. By actively using it over the years, it has helped lift my personal profile in the property sector and also meet and network with property professionals Australia wide.
</body></html>

po-LsXgBTHBmX

In profile: Knight Frank's associate director, sales and leasing, Terry Hassan

<html><body><div class="page" title="Page 2">
<div class="section">
<div class="layoutArea">
<div class="column">
Australia sits firmly in the property overvalued basket, according to the latest Knight Frank international residential property report.
Not as overpriced as Norway and Canada.
<div class="layoutArea">
<div class="column">
<a href="/images/2014/05/21/kf-may-21-one.gif" target="_blank"><img src="/images/2014/05/21/kf-may-21-one.gif" alt=""></a>
</div>
</div>
<a href="https://my.knightfrank.com/research-reports/global-opportunites-report.aspx" target="_blank">The Knight Frank Global Opportunities report</a> compared mainstream housing markets across 27 countries, assessing how prices are performing in relation to rents and incomes.
Australian homes ranked fifth among the world's most ''overvalued'' housing markets.
Knight Frank suggest a property market was correctly valued when local incomes are enough to buy or rent an average property.
The axis at 0 represents a position where a market is valued in line with its long-term average. 
A column above the line shows there is an imbalance with house prices surging ahead of rents or incomes.
A column close to the line suggests the market is balanced, and displaying a sustainable level of growth.
<div title="Page 3">
<div>
<div>
<div>
A column below the line signals the market is undervalued with rental and/or income growth outpacing house prices.
At present, 15 of the 27 countries Knight Frank tracked are above their long-term average both in terms of price-to-rent as well as price-to-income ratios, the Knight Frank international residential researcher Kate Everett-Allen said.
"Interestingly, if the same exercise had been carried out at the height of the financial crisis in 2008 more than 20 countries would have been in this bracket," she noted.
Those markets in which prices and rents look to be balanced include the United States, Italy, Austria, Iceland and Luxembourg.
Countries such as Greece, Spain, and Portugal where prices are still falling are likely to end up on the right of the chart as the gaps between the respective indicators narrow.
Germany and Japan, having missed out on the double-digit price growth observed in many developed economies in the early 2000’s remain firmly in the ‘undervalued’ camp.
Belgium, Norway and Canada, where prices are still rising, represent those countries most at risk of a price correction, particularly if mortgage rates increase or incomes start 
</div>
</div>
</div>
</div>
</div>
</div>
<div>
<div>
"With the global economy displaying green shoots, buyers – both in mainstream housing markets and second home hotspots – are looking closely at which markets offer real value," the Knight Frank international residential researcher Kate Everett-Allen said.
</div>
</div>
<div>
<div>
“The upturn in the global economy, albeit gradual, has meant for some home ownership, or even the acquisition of a second home, is back on the agenda again for the first time since 2008.”
</div>
<div>
Already in 2014 there has been a steady stream of positive indicators for global housing markets, she noted.
Lending criteria is being relaxed, interest rates in Europe, the US and the UK look set to remain at historical lows at least until 2015, employment is picking up and buyer confidence is strengthening.
"This upturn in the global economy, albeit gradual, has meant for some home ownership, or even the acquisition of a second home, is back on the agenda again for the first time since 2008 across Europe and the Caribbean. 
"From currency fluctuations to purchase costs, from tax hikes to oversupplied markets; we look at the potential risks (upside and downside) that deserve close consideration," she added. 
</div>
</div>
</div>
</div></body></html>

jchancellor-FAypfDUnLy

Australian residential housing overpriced: Knight Frank

<html><body>
Knight Frank has moved to strengthen its asset management services team in Australia, making two key appointments.
Nick Mavropsi will be joining the firm as national director of sustainability, while Bobbette Scott has been appointed state director of asset management services in South Australia.
Scott will focus on growing existing client relationships and developing the asset management services business in South Australia. Prior to Knight Frank, Scott was with CBRE as a senior director of asset services where she significantly raised the business line’s profile and grew the market share.
 Mavropsi will be responsible for strengthening Knight Frank’s sustainability offering and ensuring the company delivers maximum asset value through continuous advancements in Facilities Management.
In his previous role, Mavropsi was with CBRE as a regional director and was instrumental in the creation of multiple company-wide operational systems and processes across the Asia Pacific. 
</body></html>

kjiminez-eaYKfU7qd2

Knight Frank make two appointments to asset management services team

<html><body>
Knight Frank has bolstered its South Sydney industrial team, appointing Daniel O'Brien as a director.
O’Brien has over 15 years’ experience in the property industry and extensive experience across the commercial sales and leasing markets in South Sydney and the city fringe.
In his previous role, he was employed by CBRE as the head of its commercial division in the South Sydney office since 2005. He was with CBRE for 10 years. 
Knight Frank’s national director of industrial, Mr Eugene Evgenikos, said that O'Brien brought across  extensive experience and knowledge in the South Sydney market and would focus primarily on business space/commercial leasing and freestanding site sales.
</body></html>

Knight Frank appoint new director to South Sydney industrial team

<html><body>
Agent: Peta Antoniou
<img src="/images/2014/04/07/Peta-Antoniou-profile.jpg" alt="" style="float: right;">
Position: Manager - South Sydney, industrial
Company: Knight Frank
Location: South Sydney
How long have you been in the industry?
I have worked in the property industry for five years, having started as a research analyst when I began my university degree then progressing into a sales and leasing role.
What’s happening in the area you specialise in?
Over the past 12 months especially, developments sites in South Sydney have become highly sought after. As a result the idea of South Sydney as a traditional industrial precinct has slowly diminished with increased amounts of residential development and amenity coming to the area.  We have also seen the adaptive re-use of existing buildings to creative workspaces evolve within the area. Warehouse conversions such as The Cannery in Rosebery completed approximately 24 months ago and The Woolstores in Alexandria due to complete mid 2014, are incredibly popular among tenants in South Sydney and city fringe locations.
Describe the most interesting property you have sold 
The most interesting property I have sold was 242 Young Street Waterloo. This 1,600 square metre freestanding building features creative office/showroom and warehouse. The building has the potential to be occupied in one line or split into four creative spaces. The mixed use zoning allowed for a wide number of permissible uses and it was interesting to work with each purchasers particular requirements. The building was sold to the International Screen Academy who established their educational facility in the building.
What are the ingredients to being successful in your job?
Drive, determination and passion. I think people like dealing with people who show they take a genuine interest in solving their property requirements. Attention to detail and follow up are also incredibly important.
What aspects of your role do you enjoy the most?
The diversity my role offers is what I enjoy most. No two clients, prospects or properties are alike. Each day is different with new challenges, opportunities and things to learn.
Where would you invest a spare $750,000?
I would buy a residential property.
Which football team do you support?
South Sydney Rabbitohs.
What’s your favourite app or techno gadget?
My favourite app is Timeout Sydney. The app shows you the best restaurants, cafes, bars and gigs happening in certain locations along with reviews of each place.
How do you use social media?
I am not a huge social media guru, but I use social media to keep in touch with friends and clients.
</body></html>

In profile: Knight Frank's manager - South Sydney, industrial, Peta Antoniou

<html><body>
Global transaction volumes for commercial property are tipped to grow by at least 15% in 2014, boosting the annual total of sales to more than US$600 billion. 
The figures were contained in the latest Knight Frank Global Investment report, which showed that the forecast 15% lift is coming off a significant increase in global transaction volumes last year, thanks to a "very strong US market and a revival of activity in Europe".
Global transaction volumes for commercial property -which includes retail, offices, industrial and hotels - came in US$536.7 billion in 2013, reflecting an 18% jump on 2012 and the highest total since 2007.
Total commercial volumes in the Asia Pacific region rose 11% to 118%, with the report noting that Australia had a "very strong year".
The report also revealed that Chinese investment into international property is set to double in this year and that Taiwanese investors are seeking more growth and diversification opportunities outside their local market. It also noted that Australia was a target market for Chinese and US investors. 
Knight Frank head of capital markets, Peter MacColl, said: “The recent increase in outbound Asian capital into both commercial and residential international property has been truly seismic, particularly from China, and shows no sign of slowing down, particularly as “newer” equity from Taiwan, Korea, and private wealth impacts".
 As 2014 progresses, he said, their range of target markets and tolerance to risk would increase, as they become more comfortable with Tier 2 cities and start to look further afield at new sectors, such as retail. "This is driven by a greater acceptance of risk, the fact that pricing is strong in many capital cities and intense competition for stock", he said.
Significantly, Darrent Yates, the firm's head of global capital markets research said that thr relaxation in the rules surrounding Taiwanese Insurers’ ability to invest abroad had set the scene for the country’s largest insurers to "potentially become major players on the world property".
Short term target markets will are expected to be CBD offices in major gateway cities such as New York City, London, Paris, Tokyo and Shanghai.
</body></html>

Knight Frank

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Knight Frank

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News