Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Melbourne

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A three bedroom apartment at Melbourne with views has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-125202790" target="_blank">2106/368 St Kilda Road</a>, the 264 sqm property has an easterly location and decorated by Toni Franchi.
It currently belongs to former principal and CEO of Willis Management Consultants Bob Willis.
It was last sold in 2007 for $2.4 million and built in 2006.
Another home on the 21st floor sold in March having last traded for $3,235,000 in 2014.
Colonnade links a dining room and bar with formal and casual living areas.
Marble kitchen features Gaggenau appliances, built-in Miele coffee machine and plate warmer.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/01/2106_368%20St%20Kilda%20Road-2.jpg" alt="">
Main bedroom features ensuite with marble encased bath and dressing room while two additional queen-sized bedroom have their own en suite.
The property has parking for three cars, library, conference room, swimming pool, spa, sauna and large storage area for wines.
Finishes includes gas marble fireplace, chandeliers and light fittings.
The property is being offered through Kay &amp; Burton agents Tom Staughton and Nicole Gleeson.
 
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Toni Franchi-decorated St Kilda Road, Melbourne apartment listed for sale

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An old-style two bedroom Sheridan Close apartment at Melbourne has been sold for $570,000.
Located at <a href="https://www.realestate.com.au/sold/property-apartment-vic-melbourne-125363874" target="_blank">14/485-489 St Kilda Road</a>, the property has a street frontage and is set in a garden setting with Melbourne’s most attractive gardens as the backyard.
It was built in 1945 and it was last sold in 1986 for $53,000.
The Kitchen connects via a servery to the lounge/dining which overlooks the park and also has stainless steel kitchen appliances and stone benches.
One of the bedrooms features a large mirrored robe.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/01/14_485-489%20St%20Kilda%20Road-2.jpg" alt="">
Other features includes parking space.
Close proximity to city fringe, bordering parkland and around the corner from amenities.
The property was offered through Marshall White agents Matthew Grima and Bradley Steinbach.
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Old-style two bedroom Sheridan Close, Melbourne apartment sold

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Two super lots in the vast Eynesbury estate near Werribee in Melbourne's west have been listed for sale through Savills.
The 218.5 ha landholding has the potential for the development of 3,000 housing lots, subject to council approval.  
Price expectations are around $120 million.
The land parcel, once owned by the Ballieu family, was bought by developer Hyde Property Group in a transaction worth $60 million from listed developer Villa World , according to Fairfax Media.
The Hyde group will use the proceeds to speed up work on the remainder of the estate, chief executive Russell Jackson was quoted by the newspaper group as saying.
The two lots of 118.5 ha* and 100 ha are within the 1,200 ha* <a href="https://www.realcommercial.com.au/property-land+development-vic-eynesbury-502421158" target="_blank">master planned township of Eynesbury</a>. 
The Eynesbury Master plan has plans for around 10,000 lots, providing housing for a projected total population of over 26,000 residents.
The main township is built around an 18-hole championship golf course designed by Graham Marsh, rated within Australia’s top 100 courses.
New linkages under construction providing direct access to Wyndham Vale and the recently constructed Wyndham Vale Train Station along the $3.65 billion Regional Rail Link
The lots are available individually or together, according to listing agents Clinton Baxter and Julian Heatherich of Savills. They are being sold through expressions of interest closing June 28.
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jonathanchancellor-7SQnKwU6yx

Eynesbury super lots on sale through Savills

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A retail property in Melbourne’s Brighton has sold for $1.45 million in an off-market transaction, on a record yield of 1.6% yield.
The <a href="https://www.domain.com.au/property-profile/165-martin-street-brighton-vic-3186" target="_blank">165 Martin Street</a> property was formerly the home of the iconic Gardenvale Collectables, which specialised in historic VFL/AFL and sports memorabilia, and is now occupied by Laser &amp; Lashes. 
The selling agent was Fitzroys’ Mark Talbot, who recently sold the property next door as well. 
The property at 167 Martin Street sold for $1.55 million on a yield of 2.2%.
The 165 Martin Street property is located in the strip’s popular retail and hospitality precinct between Nepean Highway and Gardenvale train station.
“Martin Street is a thriving retail village surrounded by specialty retail and hospitality options, situated in one of the Melbourne’s most prestigious suburbs, and has significant potential for investors and owner occupiers,” Talbot said, adding the buyer didn’t want to pass up on the opportunity to secure a site in one of Melbourne’s most tightly held retail strips. 
“The precinct is surrounded by an established residential community that is slated for further population growth, and has a number of top-class education facilities nearby.” 
He said the large volume of enquiry for 167 Martin Street was able to be successfully converted into another record-breaking sale that satisfied both the vendor and purchaser. 
This marks Talbot’s third sale in the suburb over the past two months.
He also recently sold the two-storey café and dwelling building at 305 Bay Street, adjacent to North Brighton Station, at auction on a 3.3% yield for $2.255 million, setting a new benchmark price for a single-front retail property on Bay Street. 
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Brighton retail property sells on record yield of 1.6 percent

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The historic Grand Hotel Melbourne has been officially rebranded as a Quest property, as the group targets more business travellers. 
The 33 Spencer Street property offers business and leisure travellers 95 studio, one and two-bedroom apartment style accommodation options along with 4.5 star comforts.
The heritage-listed property was originally built in the 1880s as the Victorian Railways Administration offices, due to its proximity to Spencer Street and Flinders Street Stations.
The building in Melbourne’s CBD was acquired in the early 1990s and converted into a luxury hotel.
Quest Apartment Hotels group CEO Zed Sanjana said the hotel is a “great asset to the Quest network”.
He said the property strong appeals to Quest’s core target customer, the extended stay business traveller.
The Melbourne icon has been cleverly transformed, and caters to the accommodation needs of short or long stay business travellers, he added.
“The prime location on the corner of Spencer and Flinders Streets positions Quest Grand Hotel Melbourne very favourably for business travellers to Melbourne’s CBD.”
Beyond its majestic façade, the building offers top quality amenities, a unique spaciousness and an ambience of grandeur attributable to the Victorian era.
Guest facilities at Quest Grand Hotel Melbourne include an on-site restaurant and bar, valet parking, indoor swimming pool, spa, gym, outdoor BBQ and garden area, and a meeting room facility for up to 50 delegates.
Quest Grand Hotel Melbourne is Quest’s eighth property in Melbourne’s CBD and the 54th Quest property in Victoria.
The Melbourne Convention and Exhibition Centre, Crown Entertainment Complex, Docklands and Melbourne’s legal and finance precincts are all close to the hotel.
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Quest rebrand initiates next chapter for the historic Grand Hotel Melbourne

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The Melbourne industrial market has opportunities for first time industrial investors with affordable price points throughout the outer suburbs, according to valuation firm Herron Todd White’s May review.
Investor opportunities are most notably outside the Metropolitan Ring Road to the west and north, east of the East Link Tollway and south-east of South Gippsland Highway. These include suburbs such as Cranbourne West, Kilsyth, Epping and Ravenhall. 
“Such locations are favoured due to their price affordability, proximity to amenities and access to main road linkages as well as nearby developing residential areas,” say HTW in their report.
So far in 2017, the industrial market in Melbourne has been tracking well, with a noticeable increase in values over the previous 12 months, it adds. 
The market has been assisted by continually low interest rates, low rental levels which continue to be stable and an increasing demand for smaller warehouse units. 
This increasing demand for small strata title warehouse units often appears to be for purchasers looking to create their own man cave without losing any space at their primary business location or at their family home. 
Increased infrastructure spending has also impacted on property values in a positive direction, with the widening of the Tullamarine Freeway, Monash Freeway and the beginning of the Western Distributor project, among others, assisting transportation and logistics businesses throughout metropolitan Melbourne. 
“In light of the above, we consider a good industrial investment property to be identifiable through these basic property fundamentals: 
<ul>
<li>Good access </li>
<li>No oversupply </li>
<li>Small to medium sized property </li>
<li>Good traffic management </li>
<li>Good ingress and egress </li>
<li>Access to sufficient parking </li>
</ul>
A property lacking in a number of the above areas would be considered unfavourable and less sought after in the market place. The industrial property market is expected to be fairly positive throughout 2017. 
Provided there is no oversupply or external shocks to the market, with population growth and increases to lower levels of the economy, property values are likely to continue growing in the short to medium term, the report concludes.
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Melbourne’s industrial market offers affordable options to new investors: HTW  

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Last spring, Secret Agent investigated the cost of rebuilding two period homes in inner Melbourne using current technology and materials. Our results below demonstrate that the prices paid for period property fairly represent the quality, history and scarcity of these types of homes in today’s market.
Using real examples of a Victorian terrace and an Edwardian house, we found that recreating these homes from scratch would cost at least $740,000 more than what you would pay for a genuine period home.
While it is possible to build a new home that imitates the defining features of Victorian and Edwardian houses, replacing period character to its full extent is almost impossible to get right. Note that the figures in the analysis of replacement values are conservative estimates only.
<a href="https://www.propertyobserver.com.au/images/2017/05/25/Screen%20Shot%202017-05-25%20at%2011.18.22%20AM.png">Click to enlarge</a>
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<img src="https://www.urban.com.au/images/2017/05/25/Screen%20Shot%202017-05-25%20at%2011.18.22%20AM.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/05/25/Screen%20Shot%202017-05-25%20at%2011.19.08%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/25/Screen%20Shot%202017-05-25%20at%2011.19.08%20AM.png" alt="">
For more information, <a href="https://secretagent.com.au/">click here</a>.
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mick.cee-iDmgDDAmu8

Why period homes represent good value: Secret Agent

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Demand for new land in and around Melbourne continues to grow at record levels with new blocks now selling in less than 50 days, down from nearly 200 days at the end of 2013, according to research by property group Oliver Hume.
The average price for a square metre of new land in Melbourne in the first quarter of this year (three months to March) was nearly $640 up from $575 in the last three months of 2016.
The research shows the average time on market for land in Melbourne in the first quarter of 2016 was just 1.6 months, the lowest ever recorded.
Oliver Hume director Paul Ciprian said land was attracting value hunters from Sydney.
“Over the last couple of years we have seen an ever-increasing number of people priced out of the Sydney market looking to set up their life in Melbourne,” he said.
“If your job and family is transferrable, the decision is pretty simple.”
The median price of land in metropolitan Melbourne reached $262,000 in the first quarter, up 9.6% (or $23,000) from $239,000 in the last quarter of 2016. 
Over the same period the median lot size declined from 416sqm to 410sqm, according to research compiled from analysing thousands of transactions, the stock of lots available and examining trends in projects throughout Victoria.
With the exception of the first quarter of 2015, the average time on market has now fallen or remained steady in every quarter since the third quarter of 2013, after peaking in the current cycle at 6.6 at the end of 2012.
The statistic measures the period from when a piece of land is released for sale by a developer until it is contracted by a purchaser.
<a href="https://www.propertyobserver.com.au/images/2017/05/25/Screen%20Shot%202017-05-25%20at%2010.23.38%20am.jpg" target="_blank">Click to enlarge</a>
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Oliver Hume Research Manager George Bougias said the total number of sales across January, February and March were all significantly up on the same period last year.
“Continuing supply, robust competition and relative affordability compared to many other property markets in Australia means Melbourne residential land is still one of the strongest performing asset classes in Australia at the moment,” Mr Bougias said.
“We expect the market to continue to build momentum throughout 2017 if not well into 2018.
“With buyers having similar access to low interest rates, an improving economic and jobs outlook in Victoria and Melbourne’s relative affordability is ensuring the city keeps coming up the winner,” he said.
For more information visit <a href="https://www.oliverhume.com.au">www.oliverhume.com.au</a>
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Sydney value hunters head to Melbourne for land as time on market drops below 50 days

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Melbourne unit sales have slightly increased in the past quarter, according to CoreLogic's latest Cityscope.
The property data firm says that however Melbourne's 12 month unit sales have decreased.
Sales recorded for Melbourne Units Cityscope for the three months to May 2017 totalled $179.3 million, a slight increase from the $169.6 million recorded for the quarter to February 2017, but a sharp decreased from the $405.2 million recorded for the quarter to November 2016.
The latest data brings the twelve-month sales total to $899.1 million, a decrease from the previous twelve months, which recorded sales of $919.8 million.
The table below shows sales recorded for the past eight updates of Melbourne Units Cityscope.
<a href="https://www.propertyobserver.com.au/images/2017/05/24/Screen%20Shot%202017-05-24%20at%2010.05.39%20am.jpg" target="_blank">Click to enlarge</a>
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Some notable sales featured in the May 2017 update of Melbourne Units Cityscope include:
<ul>
<li>Unit 64, Sargood House, at 73 Flinders Lane, Melbourne, a 4 bedrooms plus study residential apartment with 358 sqm over levels seven and eight plus 3 balconies and a car space, which sold for $3.195 million;</li>
<li>Unit 2402, The Philadelphia Apartments, at 31 Spring Street, Melbourne, a three bedroom penthouse over three levels including 2 car spaces, which was sold for $3 million and</li>
<li>Unit 153 and unit 154, Republic Tower at 299 Queen Street, Melbourne, two 3 bedroom residential units on the fifteenth floor plus total of 3 car spaces, which sold together for $2.6 million.</li>
</ul>
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Melbourne unit sales increase in past three months: Cityscope

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BRW Rich Lister Lloyd Williams has sold a property that includes one of Melbourne CBD's biggest car parks for the expected $120 million when he listed it.
The buyer was a Hong Kong investor who has been building up his portfolio in Australia.
He had listed the 16-level property at 114 Flinders Street, which includes retail, 1200 car bays and office spaces earlier this year. 
It sold on a tight yield of about 5 per cent, reflecting the sharp yields typical of the long-term returns delivered by off-street parking, the Australian Financial Review reported.
Williams bought the property in $54.5 million in 2007. 
That price reflects the depth of demand in the market, which is pushing commercial property prices toward a peak.
The selling agents were CBRE’s Mark Wizel, Kiran Pillai and Lewis Tong, and Knight Frank's Martin O'Sullivan and Paul Henley.
The car park at the city's east end has five ground-level retail tenancies, and above that 1200 car bays over a series of levels.
The tower overlooks Flinders Street and the Yarra River. In addition to the car parks, it has five levels of retail and six levels of office space. 
The buyer is HK Realway, a private player that has been steadily accumulating a local portfolio. Two years ago the Hong Kong group bought a George Street office tower in Sydney from Abacus Property Group and its joint venture partner AM Alpha for $112.3 million, the AFR noted.
For the Flinders Street property, HK Realway, made an unconditional bid through Thomson Geer's Eu Ming Lim.
The Hong Kong platform bought a North Sydney office tower for about $58 million from CorVal in 2015. It also owns the owns the Cinema Centre Car Park in the Sydney CBD.
Williams is best known for his property and horse racing interests. He founded Hudson Conway in the 1970s and developed the Crown casino complex. He also owns a record five winners of the Melbourne Cup. 
In January, Williams sold the Southbank headquarters of Hudson Conway for $11 million to a mainland Chinese company.
That property had development approval for a 16-level residential tower of 91 apartments.
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