Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<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/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Joel Robinson

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

National property developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has appointed BINAH as its construction partner for Quartet, its new Brisbane apartment development in the undersupplied suburb of <a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>.

Located just two kilometres from the Brisbane CBD and moments from key 2032 Olympic precincts, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet</a> will deliver 131 one, two, three, and four-bedroom apartments priced from $1 million to $4.2 million, combining elevated design with a wellness-focused lifestyle offering.&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=368000]

Goldfields’ Chief Executive Officer, Lachlan Thompson, said the appointment of <a href="https://www.apartments.com.au/builders/binah-constructions">BINAH</a> marked an important milestone for the project.&nbsp;

“Bringing BINAH on board as our construction partner will allow us to bring our vision for Quartet forward with a team that has a proven track record of delivering high-quality residential projects,” Thompson said.&nbsp;

“We’ve taken a considered approach to progressing the site because we wanted to deliver the whole package. Buyers ultimately back great developers, great projects and great builders, and with Quartet, we’ve made sure all three line up.

“People want certainty, they want to know the project will be built, that the homes will be delivered as promised, and that the developer stands behind the quality of what they create. That’s something Goldfields has built its reputation on over many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367993]

BINAH’s Managing Director, Khalil Hafza, said the company was proud to be partnering with Goldfields to deliver Quartet.&nbsp;

“Quartet is an exciting project to bring to life, particularly given the level of detail in the residences and the extensive rooftop amenity planned for the building,” Mr Hafza said.&nbsp;

“Our focus is on delivering a high-quality build that brings that design vision to life and creates homes residents will enjoy for many years.”&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367999]

The facilities at Quartet have been feared towards the roof, with a&nbsp;25 metre lap pool, spa, sauna and cold plunge, and a communal barbecue area and alfresco.

Town planning was designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by Melbourne-based architecture firm Cera Stribley.

<a href="https://www.apartments.com.au/interior-designers/cera-stribley">Cera Stribley</a> Co-Founder and Managing Principal, Dom Cerantonio, said the project responds to both its riverside setting and Brisbane’s evolving urban character.&nbsp;

“Quartet has been designed to sit comfortably within its riverside context, offering a refined take on urban living through well-planned, generously proportioned residences that will stand the test of time,” Mr Cerantonio said.&nbsp;

“An emphasis on natural light, natural textures and carefully selected finishes from timber and marble to premium appliances, creates calm, considered interiors designed for comfort and long-term liveability.”&nbsp;

Construction of Quartet will commence in July 2026, with completion anticipated in Q4 2028.

[smartcode_project_cta:default project_id=108736]

Construction to commence on 131-residence tower designed around wellness-focused living

Goldfields appoints BINAH for Quartet apartments in Milton

The first partnership between national developer <a href="https://www.apartments.com.au/developers/fortis">Fortis</a> and Adelaide-based developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> has made a strong start, with the pair securing $21 million in unconditional sales at <a href="https://www.apartments.com.au/new-apartments/one-four-four-hutt-adelaide-144-hutt-street-adelaide-sa-5000">One Four Four Hutt</a>&nbsp;on the edge of the Adelaide CBD.

Over a third of apartments have been snapped up in the boutique 44-apartment project on the corner of Hutt Stret and Wakefield Road. Local downsizers and owner-occupiers wanting to remain in Adelaide's tightly-held southeast quarter have been the most prominent purchasers.

The DKO-designed, mixed-use development is one of the few new apartment projects in the precinct, an area where new housing supply has remained limited despite continued demand from buyers wanting to stay close to the CBD, Victoria Park and Adelaide's established east-end amenities.

[smartcode_project:default project_id=151233 project_image_fid=375378]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

"The level of early commitment reflects the confidence local buyers have in the Hutt Street precinct," Dendrinos said.

"Many purchasers are long-term east-end residents who love the area and want to stay connected to the neighbourhood. They recognise the value of a well-designed, well-located development.

"Our partnership with Otello has been central to this success, and the number of unconditional sales at this stage only strengthens our confidence in the South Australian market."

[smartcode_project:default project_id=151233 project_image_fid=375379]

Otello Director Daniel Harris said the sales result also highlighted the lack of new apartment opportunities within the Hutt Street precinct.

"One Four Four Hutt has clearly resonated with buyers, with strong early sales reflecting both the appeal of the Hutt Street corridor and the lifestyle on offer," Harris said.

"The activated ground-floor retail has also been a key drawcard, with purchasers responding to the vision of a more vibrant and connected streetscape, not just the residences themselves."

One Four Four Hutt will deliver 44 one, two and three-bedroom apartments, alongside a collection of penthouses, above a ground-floor retail offering designed to further activate the Hutt Street precinct.

Construction is scheduled to commence in the third quarter of this year, with completion anticipated in 2028.

[smartcode_project_cta:default project_id=151233]

Fortis Head of Development SA Arthur Dendrinos said the early sales reflected both the strength of the local owner-occupier market and confidence in the Hutt Street location.

Fortis makes Adelaide debut with Otello as One Four Four Hutt records strong early sales

North Sydney

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Propertylink Group (ASX:PLG) has announced that the Propertylink Enhanced Partnership (PEP) has entered into a contract for the sale of 80 Mount Street, North Sydney for $71 million.
The sale price represents a 29 percent premium to current book value and delivers an annualised total equity return of 58 percent while reflecting an initial yield of 4.32%..
Propertylink has a 25 percent co-investment in the PEP fund with Goldman Sachs holding the majority interest of 75 percent.
Following the sale of 80 Mount Street, the fund comprises of 8 office and industrial assets.
Completion of the sale is unconditional and is expected to occur in November.
The sale will contribute approximately $3.5 million in co-investment income to Propertylink’s distributable earnings in FY18.
80 Mount Street is a B-grade office tower comprising of 6,204 sqm of net lettable area across 14 levels.
The building was acquired by Propertylink, via the PEP fund, as part of the acquisition of the Denison Portfolio in August 2016.
Propertylink’s Chief Investment Officer, Peter McDonald said “Since the acquisition of 80 Mount Street, we have deployed a targeted capital expenditure program to refurbish and upgrade the building. Most significantly however, we have undertaken extensive leasing activity across 55 percent of the building area, driving occupancy from 75 percent to 92 percent over the last two years.”
With the approval of Goldman Sachs, Propertylink commenced a campaign to market the property for sale in July 2018.
“The sale campaign attracted unprecedented levels of interest from both local and offshore groups who were attracted to the location of the asset in the heart of North Sydney, a market with upside potential and just 6.3% vacancy,” Mr McDonald said.
The selling agents for 80 Mount Street were Knight Frank’s Tyler Talbot and Dominic Ong and CBRE’s James Parry, Kenny Duncanson and Sharon Yang.
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j.ballantyne1990-6AQqhLzZaK

Propertylink has divested a North Sydney office tower for a 58% return

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A new ground floor lobby commissioned by Charter Hall, has transformed the building into a community hub.
The occupants were given charge of the design, activities and offerings at 65 Berry Street in North Sydney.
It includes a ‘Wellness Area’ with complimentary yoga and pilates, an auditorium which can be hired for events and used by tenants free of charge, North Sydney’s only Not For Profit café, an artists studio and a variety of events including Wellness Weeks, after work drinks and morning teas.  
“It’s exciting to see landlords going to extra lengths to attract and retain tenants,” said Michael Arcus, director office leasing at Colliers International. 
The ground floor at 65 Berry Street originally contained a series of offices (approx. 1000sqm) which has been redesigned into a collaborative lobby space. 
Architects WMK responded with a beautiful minimalist design incorporating a wellness area, artists studio, exhibition space, auditorium and communal environment.
Symbol Café , a Not-For-Profit café – the only one of its kind operating in North Sydney – which donates 100% of its profits back to the community. 
Symbol has a menu of locally-sourced, sustainable and organic food.
On payment, customers simply choose a charity to donate to causes like Ozharvest, Greenfleet and Eat Up, and can see these contributions displayed on a board at the café. 
“A Not-For-Profit cafe is an extremely rare entity – I have never leased anything of this nature throughout my 15 of years in the industry,” Michael Arcus said.
 <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/2018/6/18/65%20Berry%20Street%202.jpg" alt="">
The lobby at 65 Berry Street is also home to Project 504, a collaborative artist’s studio sponsored by Charter Hall which has been established to provide an outlet for artists to showcase their work outside the mainstream gallery scene, offering artists a supportive creative working environment.
The paintings, some of which have been showcased at the Archibald, are displayed in the lobby. 
<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/2018/6/18/65%20Berry%20Street%203.jpg" alt=""> 
 
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Tenants inspire new lobby at Charter Hall's 65 Berry Street, North Sydney

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A development application seeking concept approval has been lodged with the New South Wales Planning &amp; Environment department and is currently on exhibition via the department's Major Projects website.

The application seeks approval for a building envelope, maximum gross floor area, land uses, future subdivision and general development strategies to inform the future detailed design of the over station development on a site bounded by Miller Street, Berry Street, Denison Street and the heritage listed MLC Building in North Sydney.

The L-shaped site of the Victoria Cross station and over station development (OSD) concept slopes from a high point of 66.5 metres near the corner of Miller and Berry Streets downwards, in an easterly direction, toward the Denison Street frontage.  

The bulk of the of the envelope is massed within a 42 level tower setback from Miller Street, however, the Denison St frontage has a continuation of the envelope which reaches 15 levels.

Documents lodged with Major Projects shows an envelope that stands at 230m RL, producing a building envelope height between 163.5 metres and 171 metres above ground, depending on which street frontage you use as the ground level.  The application refers to the concept's nominal height at 168m.

Application proponent Transport for New South Wales says as a result of building the Sydney Metro and the Victoria Cross station, North Sydney will be "only six minutes to the heart of the city at Martin Place and four minutes to Barangaroo, North Sydney will be more connected than ever before."

<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/victoria_cross_concept2.png" rel="gallery-all" title="Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW"><img alt="" class="image-article-full-width-580px" height="559" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/victoria_cross_concept2.png?itok=QOY6tcDi" title="Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW" width="580"></a>

<figcaption>Building envelope for the over station development concept at Victoria Cross - image: Transport for NSW</figcaption></figure>The concept has a total of 67,000 square metres of gross floor area - 60,000 relates to the over station development, 2,500 square metres for the station operations and 4,500 squares for retail components attached to the station.

The 168-metre envelope seeks approval for 40 commercial levels and 2 for rooftop plant equipment.  The low-rise portion of the building envelope fronting Denison Street measures approximately 55 metres in height and can fit approximately 15 levels.

Sydney Metro City &amp; Southwest is the second phase of the Sydney Metro project that will join the first phase at Chatswood and see trains run through North Sydney, Barangaroo, the CBD, Waterloo, Sydenham and then out to Bankstown. 

Phase 1 of Sydney metro will open in 2019 and see driverless trains run from Tallawong at Rouse Hill to Chatswood.  Services will operate every 4 minutes in the peak and the same operational frequencies are anticipated to extend through to phase 2 when it opens in 2024.

To view the concept's planning application, see <a href="http://www.majorprojects.planning.nsw.gov.au/index.pl?action=view_job&amp;job_id=8874">majorprojects.planning.nsw.gov.au</a> 

Lead image credit: TfNSW.
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Alastair Taylor

Victoria Cross over station development concept application on exhibition

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The US consulate general Sydney will move to North Sydney after 25 years at the MLC Centre headquarters in Sydney's Martin Place.
It has secured a lease at the A-grade office tower 50 Miller Street.
The United States of America has leased 6000 square metres of office space across levels five to 10 at the 10-storey tower.   
Cadigal's Craig Dolman negotiated the new 12-year lease with options, one of the biggest leases in North Sydney.
Sumner Capital and Prime Super have refurbished the property since their purchase in 2014.
North Sydney will have its own new metro station.
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US Consulate off to North Sydney

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Multiplex has been appointed by Winten Property Group to deliver its $1 billion 1 Denison Street commercial office tower in North Sydney.
The 37-level commercial office tower will be the largest and tallest building within the North Sydney CBD.
Providing more than 60,000 square metres of premium office space and basement parking for 225 cars, it was designed by architects Bates Smart.
A signature feature of 1 Denison Street is the public forecourt area with a fusion of urban structures and natural features as well as retail, restaurants and bars over two levels.
“We are excited to move forward with Multiplex and continue to deliver our latest office tower to North Sydney, which will become the new home of the Nine Network,” said Stuart Vaughan, development director at Winten Property Group.
Nine Network has committed to a 17,700 square metre lease in the building which will house its newsroom and studios.
Innovative features of the tower design include a side core, providing super-sized contiguous floor plates of 2,000 square metres – the largest available in the North Sydney CBD office market.
The generous floorplate designs with raised floors also deliver maximum flexibility to create dynamic interconnected spaces across and between floors.
<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/2018/5/9/Dennison_2.jpg" alt="">
It also offers natural light and views from all sides with panoramic Sydney Harbour views from upper levels.
With sustainability underwriting its design, 1 Denison Street has been designed to meet 5 Star Green Star, 5 Star NABERS and Wellness Rated standards.
1 Denison Street is scheduled for completion in 2020.
<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/2018/5/9/Dennison_1.jpg" alt="">
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Multiplex to build Channel 9's new North Sydney HQ

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The latest research from North Sydney Cityscope shows sales have decreased in total value in the quarter to January 2018.
Sales recorded in the most recent quarter totalled $730.3 million from 50 sales, a decrease in total value compared to the $962.3 million from 71 sales in the quarter to October 2017 and an increase from the $539.4 million from 71 sales in the quarter to July 2017.
This quarter brings the twelve-month total value of sales to $2.752 billion, a large increase from the $1.872 billion recorded for the previous year.
The table below shows sales recorded for the past eight updates of North Sydney Cityscope.
<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/2018/2/6/ns%201.jpg" alt="">
Notable sales for the January 2018 update of North Sydney Cityscope include:
<ul>
<li>Charter Grove at 29-57 Christie Street Mall, Crows Nest, a seven-storey office building over a three-level basement car park for 307 cars and a building area of 14,400 sqm and Charters Grove Sports Complex at 29 Christie Street Mall, Crows Nest, which includes a swimming pool, tennis court and a child care centre, were bought together for a total of approximately $160 million through Savills;</li>
<li>73 Miller Street, North Sydney, a 12-storey commercial building with ground floor retail, a restaurant and two levels of basement car parking for 159 cars and with a net lettable area of 14,670 sqm, which was bought for $150 million and</li>
<li>A half share in the Cisco Systems Building at 201 Pacific Highway, North Sydney, a 10-storey commercial building with 8 additional levels of basement car parking for 262 vehicles and a net lettable area of 16,578 sqm, was bought for $85.8 million. </li>
</ul>
<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/2018/2/6/ns%202.jpg" alt="">
Properties listed as for sale in the January 2018 update in the areas covered by North Sydney Cityscope include: 
<ul>
<li>The stalled Davenport development at 563-565 Pacific Highway, St Leonards, a development site at excavation stage on a 284 sqm block, which is for sale through Property Fox; </li>
<li>118 Alexander Street, Crows Nest, a single-storey house on a site area of 390 sqm, which is for sale through Property Fox and</li>
<li>254 Military Road, Neutral Bay, a two-storey brick building with ground floor retail and a building area of 220 sqm, for sale through Victor Kelly Estate Agent. </li>
</ul>
Leasing opportunities in the January 2018 update in the areas covered by North Sydney Cityscope include:
<ul>
<li>141 Walker Street, North Sydney, a 24-storey office building which comprises basement parking for 209 cars, ground floor retail space and landscaped terrace and forecourt, ground and upper ground level shops and restaurant, and 22 floors of offices, which has office space of 200 to 3,755 sqm available through Dexus Property Group; </li>
<li>Northpoint at 100 Miller Street, North Sydney, a 32-storey office building of with a two-level arcade of specialty shops and basement parking for 423 cars over 6 levels, has office space of 26 to 941 sqm available through JLL North Sydney and Colliers International and</li>
<li>170 Pacific Highway, McMahons Point, a five-storey building with retail space on the ground floor and commercial space on the upper floors, with basement parking for 129 cars, which has office space of 300 to 1,200 sqm available through Cadigal Office Leasing.</li>
</ul>
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North Sydney commercial property market update; Citiscope

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A boutique office building in North Sydney belonging to Property Bank Australia and Security Capital Corporation is on the market.
The <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502573538" target="_blank">75 Miller Street</a> property is being marketed by Knight Frank’s Tyler Talbot and Dominic Ong along with CI Australia’s Bevan Kenny and Chris Veitch.
The vendor expectations are in the range of $50 million, Fairfax Media added.
Talbot said the asset, which is almost fully leased, is well placed to capture future growth in the sought after North Sydney market and will appeal to both local and offshore buyers.
“We are seeing a great deal of growth in North Sydney’s secondary office space, with further stock withdrawals tightening supply and dramatically increasing net effective rental returns for investors," he said.
Knight Frank research forecasts an average of 10.36% net effective rental growth per annum over the next three years for North Sydney B-grade stock.
Situated on 777 sqm of land area, 75 Miller Street spans 4,930 sqm and is a fully-refurbished boutique asset.
The property features multiple subdivision options and captures harbour views.
It is close to public transport and its onsite amenities includes a ground-floor café, gym and childcare centre.
The property is being marketed through an expressions of interest campaign that ended on October 26.
 
 
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North Sydney office building listed for sale with $50 million hopes

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Commercial property in northern Sydney’s CBD is witnessing a price surge because of the introduction of the metro line, if recent deals are an indication. 
A refurbished Northpoint commercial property at <a href="https://www.ciaustralia.com.au/listing.aspx?SurgaWebListingId=107977&amp;ViewType=F" target="_blank">116 Miller Street and 173 Pacific Highway</a> in North Sydney was recently scooped up by a Chinese investor for $135 million.
The property doubled in value in just six years. It last traded for $60 million in 2011, and was jointly bought by Property Bank Australia, Security Capital Corporation and RG Property, reported The Australian Financial Review.
The vendors have now capitalised on the rising value of the 11,368 sqm office and retail property located opposite the future Victoria Cross Metro Station, making a $75 million gain. 
The A-grade building has retail spaces and refurbished offices. Its tenant profile is strong, with Commonwealth Bank, ANZ, and National Australia Bank among them.
The building sits on a 2,304 sqm site and has a weighted average lease expiry of 3.4 years.
Property agents concur that the upcoming metro line, which will improve travel times, will push up prices and rents as stock is withdrawn and creates more competition in the market.
In the first half of 2016, 28,265 sqm were withdrawn in North Sydney with an additional 72,538 sqm mooted for withdrawal over the next five years. 
Meanwhile, yields have been compressed as have sizes of leases to sub-500 sqm. 
Gross rents rose by up to $80 a sqm in the first half of 2016 and vacancy is about 7 per cent.
Corelogic's Cityscope showed that sales in North Sydney increased in total value in the quarter to April 2017.
The deal for 116 Miller Street and 173 Pacific Highway was struck by Knight Frank's Tyler Talbot, Dominic Ong and Angus Klem and CI Australia's Bevan Kenny and Chris Veitch.
 
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Northern Sydney commercial property price surge no hindrance to Chinese investors

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Investment in new developments, amenity and infrastructure have bolstered rents in North Sydney despite vacancy increasing marginally, according to Colliers International’s latest Metro Office report.
B Grade net face rents increased an impressive 17.8 percent in the year to March 2017, the highest in Colliers Edge records (since 2005).
"A five per cent reduction in incentives, falling to 20 percent, further drove a significant uplift in net effective rents, increasing 29.6 percent over the last 12 months,” the report stated.
A Grade office property rents continue to remain stable Colliers says.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.41%20am.jpg" alt="">
“Meanwhile, A Grade net face rents remained stable, with the primary driver of an 11.3 percent increase in net effective rents being a 5 percentage point reduction in incentives over the last 12 months to 23 percent.
"Positive net effective rental growth is projected to continue as office supply remains constrained due to hotel and residential conversions, coupled with the Sydney Metro line office acquisitions.
"Approx. 10,000sqm has already been withdrawn with a further 3,000sqm this year to be replaced with the rail line, and a potential 22,000sqm withdrawn for hotel and residential projects by 2019,” the report advised.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.48%20am.jpg" alt="">
Colliers also says that furthermore, tenants from Milsons Point, McMahons Point and St Leonards have also been displaced due to a number of residential conversions.
“This has further benefitted the North Sydney office market, resulting in an uplift in tenant demand and competition for office space.
"In addition to infrastructure developments, the improvement in amenity is also expected to underpin North Sydney’s strong rental growth moving forward, as it offers a good value proposition to displaced tenants from the CBD due to a large number of withdrawals.
"The upgrade of Brett Whitely Place, a new dining precinct located in Greenwood Plaza at 101 Miller, as well as Woolworths opening in 100 Miller Street are expected to assist in solidifying North Sydney as an extension of the CBD,” the report commented.
<a href="https://www.propertyobserver.com.au/images/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/05/02/Screen%20Shot%202017-05-02%20at%2010.08.56%20am.jpg" alt="">
Total market vacancy increased marginally from seven per cent to 7.1 percent according to the PCA Colliers says.
“A and B Grade vacancy increased but were offset by a substantial reduction within premium stock, from 41.2 percent to 25.2 percent vacancy.
"Looking forward, total market vacancy is projected to fall over the next 12 months to 6.5 per cent due to the aforementioned conversion and infrastructure projects along Miller, Walker, Denison, Arthur and Mount Streets, assuming these displaced tenants will relocate within North Sydney,” the report stated.
The next two years will see the CBD office market tightening according to Colliers.
“Over the next two years, the Sydney CBD market will tighten further driving positive rental growth in that market, and as a result more tenants will consider North Sydney as a relatively affordable alternative.
"North Sydney experienced strong net absorption (27,068sqm) for the six months to January 2017 as tenants relocated from outside market boundaries.
"According to the PCA 19,000sqm of net tenant demand was attributed to tenants relocating from other markets to the recently completed 177 Pacific Highway.
"Jacobs relocated from St Leonards, Leighton Holdings consolidated from 11 buildings across Sydney and Vodafone consolidated from their existing North Sydney &amp; Chatswood offices.
"Goodman Fielder also relocated and expanded their footprint within North Sydney from Macquarie Park to secure 3,700sqm in 40 Mount Street.
"In addition, Channel 9 has officially announced its move to North Sydney from Willoughby, occupying Winten Group’s 1 Denison (60,000sqm) scheduled for completion in early 2020, further proving the returned strength of North Sydney’s office market.
"As a general theme to suburban markets, what will be Channel 9’s old building in Willoughby was sold to Hong Kong-based property investors Euro Property with the intention of developing apartments,” the report commented.
A 68 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502383166">Suite 4, 172 Pacific Highway</a>, North Sydney (above) has been listed for over $675,000.
Similarly a 140 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502184706">12 Ridge Street</a>, North Sydney (below) has been listed for $2.5 million.
<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/2017/05/02/12%20Ridge%20Street.jpg" alt="">
A 125 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502361178" target="_blank">Suite 102, 161 Walker Street</a>, North Sydney (below) was sold in April this year for $740,000.
<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/2017/05/02/Suite%20102%20161%20Walker%20Street.jpg" alt="">
Similarly a 309 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-north+sydney-502197646" target="_blank">L1, 73 Walker Street</a>, North Sydney (below) was sold in March this year for $1.75 million.
<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/2017/05/02/L1%2073%20Walker%20Street.jpg" alt="">
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North Sydney office rents bolstered by investments in the market: Colliers

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Sales in North Sydney increased in total value in the quarter to April 2017, according to CoreLogic's latest Cityscope.
The property data firm says that sales recorded in the most recent quarter totalled $524.8 million from 68 sales, an increase in total value compared to the $376.3 million from 70 sales in the quarter to January 2017 but a decrease compared to the $566.9 million from 85 sales in the quarter to October 2016.
This quarter brings the twelve-month total value of sales to $1.915 billion, a decrease from the $2.075 billion recorded for the previous year.
The table below shows sales recorded for the past eight updates of North Sydney Cityscope.
<a href="https://www.propertyobserver.com.au/images/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.12%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.12%20pm.jpg" alt="">
Notable sales for the April 2017 update of North Sydney Cityscope include:
<ul>
<li>2 Elizabeth Plaza, St Leonards, a 14-storey commercial building with ground and mezzanine retail space and four basement levels of parking for 157 cars, which sold for $81 million. The sale represented an initial yield of 6.20% on passing income of $5,022,000;</li>
<li>Ogilvy House at 72 Christie Street, St Leonards, an A-grade eight-storey office building with basement parking for 228 cars, which sold for $76 million. The sale represented an initial yield of 8.50% on passing income of $6,460,000;</li>
<li>30 Alfred Street, Milsons Point, a seven-storey building plus basement parking for 20 cars with net lettable area of 3,706 sqm, which sold for $50 million.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.40%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/28/Screen%20Shot%202017-04-28%20at%201.26.40%20pm.jpg" alt="">
Properties for sale in the areas covered by North Sydney Cityscope include:
<ul>
<li>Suite 102, 161 Walker House at 161 Walker Street, North Sydney, an office suite comprising 125 sqm on the first floor and one car space, for sale by auction on 9 May 2017 through Raine &amp; Horne North Sydney;</li>
<li>258 Military Road, Neutral Bay, a two-storey retail building on a site of 152 sqm, available through Richardson &amp; Wrench – North Sydney;</li>
<li>12 Ridge Street, North Sydney, a two-storey terrace house with a net lettable area of 140 sqm, available through LJ Hooker Commercial Sydney.</li>
</ul>
Leasing opportunities in the areas covered by North Sydney Cityscope include:
<ul>
<li>116 Miller Street, North Sydney, an eight-storey building with banking and retail space on the ground, which has office space ranging from 500 to 1,424 sqm for lease through Cadigal Office Leasing North Sydney;</li>
<li>141 Walker Street, North Sydney, a 24-storey office building with basement parking for 209 cars, ground floor retail space and landscaped terrace and forecourt, ground and upper ground level shops and restaurant and 22 floors of offices, which has office space of up to 4,697 sqm for lease through CBRE North Sydney and Dexus Property Group;</li>
<li>101 Miller Street, North Sydney, a 35-level commercial building with 5 levels of basement parking for 561 cars, which has office space of up to 15,500 sqm for lease through Mirvac Group and Colliers International North Sydney.</li>
</ul>
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