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

Perth

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GUEST OBSERVER
Fears of a hotel glut in Perth are overstated, with more than 50% of the city’s current supply becoming potentially obsolete in the not too distant future and no rush sell-offs.
More than 50% of the current 6,710 existing rooms in the Burswood, Perth and West Perth areas were over 30 years old – and 32% over 40 years old. 
Besides the 48-room Como The Treasury hotel and The Richardson in West Perth, the city hasn’t received a new five-star hotel for some 30 years, however the tide has turned with a surge of development under construction across the city. 
Rather than an oversupply issue, we’re seeing a market shift – with new projects offering a range of high quality accommodation options across the city. This will take Perth in line with the other main capital city markets across the country.
The steady trading of hotels across Perth is also further evidence of the market’s resilience. Hotels are outperforming other sectors of the market, such as office, industrial and residential apartments.”
There has been a lot of speculation of a hotel glut, however, if there was real panic in the air, we would be seeing a sell-off of assets, whereby in reality, there is not one established city hotel for sale.  
Although hotel trading has continued to subside, they are still trading at very profitable levels, with an average daily rate of $200 and occupancies of 80%, which is above the national average.
CBRE’s Q1 Australia Hotel MarketView highlighted record tourist levels in 2015, with an 8% rise in international visitors to post 6.9 million and 7% spike in domestic tourism to 87 million. 
WA, along with NSW and QLD, emerged the top destinations for domestic travellers, accounting for 75% of national visitor nights in 2015.
The weakened Australian dollar is a major attraction for international visitors and also means domestic visitors are being forced to cut back on international travel and holiday locally. This is subsequently assisting occupancy rates across the Perth market.
In a further boost to the domestic hotel sector, the overnight spend on domestic trips increased 6% to $58 billion, while international spend was a record $24.5 billion – reflecting a jump of 20%. 
There are currently 1500 rooms under construction, with five star hotels including the Westin, Intercontinental and Crown at Burswood to complement the recently completed Como The Treasury hotel. 
There were also several demand drivers in play that would boost both existing as well as new hotels in the immediate to long term, such as: 
-   State government initiatives such as Elizabeth Quay, City Link the cultural centre, Cathedral Square and new Burswood Stadium. 
-   Consolidation of domestic and international airports will facilitate passenger movement to the city both by rail and vehicular. 
-   New hotels will attract more visitors by lifting the standard of accommodation, which is desperately needed. 
We will need to endure the economic gloom over the next 18 months, but that provides a prime time to develop. The predication is that Perth will sing in 2020 when government and private development is established and the economy rebounds.
Perth will be a truly international city, which it deserves to be.
The notes/comments are from CBRE Hotels Senior Director David Kennedy’s speech at a recent Perth Hotel and Venue Development seminar.
 
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jonathanchancellor-7SQnKwU6yx

Fears of a Perth hotel glut overstated: CBRE Hotels' David Kennedy

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Built in the early 1960s for the Empire Games, the home at 81 Empire Avenue, City Beach is for sale.
The British Empire games were held in Perth in 1962 which saw 800 international athletes compete.
An athlete’s village was constructed on 65-acres of land to house the international athletes competing.
Mr K Thomas and Mr H Walker won a competition for designing the layout of the village with distinct curved streets and a central parkland.  
The family friendly home has<a href="https://www.realestate.com.au/property-house-wa-city+beach-122812238" target="_blank"> three bedrooms and one bathroom</a>, an expansive backyard and a double carport with four extra parking spaces.
The house will go to auction this weekend. 
The property is listed through Realmark West Floreat agent Irena Ivanova who has $850,000 plus hopes for the 945 square metre holding.
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Intact Empire Games home to go under the hammer in Perth

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The first day of apartment sales at The Towers at Eli­zabeth Quay on Saturday secured $100 million plus in sale with about 80 apartments sold.
PRD Nationwide director Angus Murray, marketing agent for the units, said it was the most successful launch he had seen in his career - mostly been to locals, with a lot of baby boomers.
Murray hopes at least 200 of the 279 apartments sell in the coming weeks, reaping $300 million.
Real Estate Institute of WA president Hayden Groves told the local paper it was believed to be the greatest amount of money taken on the first day of sales at a Perth apartment development.
Industry sources said it could also be the first time a one-bedroom apartment in Perth had sold for more than $1 million.
Prices range from $600,000 for a one-bedroom apartment, to $12 million for the three-level penthouse.
Prices included a 54 sqm one-bedroom apartment at $783,000, about $14,500 per square metre, which is more than the $9000 Perth median.
Developer Far East Consortium is also building a 204-room Ritz-Carlton hotel.
<div><img src="https://resources2.news.com.au/images/2015/04/11/1227300/048962-015c10f4-df64-11e4-9fcd-1eb8ac734e9b.jpg" alt="New artist impressions of the Elizabeth Quay residential towers." width="650" height="366"></div>
 
More than 4000 people had registered their interest in the apartments in the early days of the project being announced.
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jchancellor-FAypfDUnLy

Perth's Elizabeth Quay secures $100 million in first day sales

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Tukurua, the iconic Cottesloe mansion is being bought for $16 million by the billionaire Andrew “Twiggy” Forrest.
But the seller of the 21-room beachfront home, Ted Smith appears to be having seller's remorse telling the local paper he had agreed to sell his home for $9 million below valuation to the West Australian mining magnate, he said in a statement to the The Sunday Times.
Tukurua, a 21-room mansion on 5000sq m of prime land on Rosendo Street, was built in 1896 as the summer residence of WA’s first attorney-general, Sir Septimus Burt.
Mr Smith spent $5 million of his own money restoring the building after he inherited it from his long-time friend and landlord Dorothea Cass when she died in 1994. The 82 year old Ted Smith had lived in a small cottage on the property since 1973.
<a href="/news/chinese-inspect-tukurua-the-iconic-50-million-cottesloe-trophy-mansion">Tukurua had $50 million hopes</a> when it was placed on the market for the first time in more than 100 years in July last year.
The Australian reported on the weekend Andrew Forrest offered to pay $16 million for the property in March, with a $7 million deposit and the remainder due in August 2018.
The 1890s Cottesloe gold boom summer beach mansion official revised $25 million plus hopes earlier this year. According to CoreLogic RP Data, the median house price for <a href="/developments/cottesloe-wa-6011">Cottesloe</a> was $1.82m in August.
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Andrew "Twiggy" Forrest buying Cottesloe's historic Tukurua

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The late Alan Bond’s home in Cottesloe has been listed for sale by his daughter, Jody Fewster, an estate agent with Acton Cottesloe.
The manor-style home comes with interiors by interior designer Jacquie McPhee with views across to Rottnest.
There is a formal dining room, a breakfast room and theatre room with oak flooring. There is a timber-lined lift to all levels of the house.
<img src="https://i3.au.reastatic.net/800x600/150f4e6cbcb6bc25f9d87c110be3670b4e2fdc2843ae2acafe53c00d63c39115/main.jpg" alt="null, Cottesloe" title="null, Cottesloe" data-index="0">
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<a href="https://www.realestate.com.au/property-house-wa-cottesloe-120364973" target="_blank">More than $4.5 million</a> is expected with offers closing August 28. CoreLogic RP Data has Cottesloe's median house price still under $2 million, <a href="/news">having dipped below in 2008</a>.
It last traded in 1992 for $425,000 when bought by the Bond family trust, Fairoak Pty Ltd.
Alan Bond died in June this year.
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Alan Bond's former Cottesloe home listed

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The Perth median has dipped to $530,000 - and the time to sell up now to 70 days, according to the latest June REIWA/Landgate data.
Reuters recently reported even the notoriously high coffee prices in mining capital Perth have levelled off at under $4 a cup.
 
<a href="/images/2015/07/27/Screen%20Shot%202015-07-28%20at%208.28.38%20AM.png" target="_blank">Click to enlarge</a><img src="/images/2015/07/27/Screen%20Shot%202015-07-28%20at%208.28.38%20AM.png" alt="" width="839" height="507" style="line-height: 1.3em;">
 
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Perth median dips to $530,000 in June - and time to sell up to 70 days

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Perth office transactions fell 64% for the year ending June 2015, down to $134 million from $424 million in the previous year.
According to the latest Perth office briefing from Savills Research, five properties were sold during the year to June, down from the previous year of nine, and less than half than the five year average of 11. 
<a href="/images/2015/07/27/Screen%20Shot%202015-07-26%20at%208.45.19%20PM.png" target="_blank">Click to enlarge </a><img src="/images/2015/07/27/Screen%20Shot%202015-07-26%20at%208.45.19%20PM.png" alt="" width="857" height="513" style="line-height: 1.3em;">
 
 
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Up to June 2015 an average of 53% of spaces leased were in the Mid CBD precinct, with 54% of the deals were new tenants, 23% subleases and 17% renewals. 
 
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Perth office transactions fall to half long term trend: Savills

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Western Australia builder Gransden Constructions has won top gongs at the recent HIA-CSR Australian Housing Awards, taking out both the Australian Home of the Year and Custom Built Home of the Year Awards.
The winning trophy home, located in the Perth Hills suburb of Bedfordale, is on 20 hectares and built around five areas known as pods, which make up a total of 1000 square metres. 
One of the pods features a 20m heated pool, complete with enough fibre-optic lighting to make the roof look like the Milky Way.
Builder George Allingham told WA Today the owners, retirees Retirees Tena and Terry Wheeler, wanted a house inspired by their combined love of Japanese architecture.
"It's a large house but it doesn't feel particularly large – it nestles into the block. The architect said it 'touches the earth lightly'," he said.
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<a href="https://hia.com.au/aha" target="_blank">HIA-CSR Australian Home of the Year</a> is the top accolade with other finalists:
<ul>
<li>Metricon HomesSouth Australia
</li>
<li>Planbuild Homes Queensland
</li>
<li>Stonehaven HomesVictoria
</li>
<li>Spacemaker Home Extensions Victoria
</li>
<li>BCG Constructions Pty LtdVictoria 
</li>
<li>Giorgi Exclusive Homes Western Australia
</li>
</ul>
The project also won the award for the Australian Custom Built Home of the Year, partnered by Stramit Building Products. 
The judges were impressed with the execution of the build and the material combination, and described this home as an exemplary masterpiece. 
<a href="https://www.gransden.com.au/-Company-" target="_blank">Gransden Construction</a> services the $1 million-plus market in new homes and the $850,000-plus market in home additions or renovations.
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Architect Suzanne Hunt says her favourite feature of the home was the tranquillity, light and connection to the landscape.
 
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The orientation of the house on the east-west long axis makes the most of natural weather conditions, including solar gain, natural light and the capturing of prevailing breezes.
 High-level remote-controlled windows, sliding glass doors, and louvred and sashless windows ensure cross-flow ventilation. 
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WA builders Gransden Construction win HIA-CSR Australian Home of the Year

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East Perth rents are higher than North Perth, according to data from Knight Frank/Residex.
But just by a $10 difference, with Perth and Subiaco a further $10 back at $555 a week.
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East Perth rents higher than North Perth Knight Frank/Residex

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No longer the buoyant property market, quarterly rental data released recently by CoreLogic RP Data, show Perth rents for houses and units are down 5% plus over the past year.
The research analyst and report author Cameron Kusher noted the region with the toughest conditions for landlords was central metropolitan Perth rentals - down 10%.   <img src="/images/2015/04/10/perth-april-13-one.jpg" alt="" style="line-height: 1.3em;">
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