Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Property market

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Crown Group CEO Iwan Sunito has been named Urban Taskforce Australia’s 2015 Property Person of the Year, making him the youngest recipient of the accolade.
"Honored and Amazing Grace is the thought that came to my mind when I reflected on my life's journey from the remote place of Pangkalan Bun Kalimantan to the honor of receiving and be the youngest recipient," said Iwan.
Born in Indonesia in 1966, Iwan spent his childhood in Central Kalimantan on the island of Borneo before migrating to Australia to study architecture at UNSW, where he won the UNSW Eric Daniels Prize for Residential Design in 1992. 
Early in his career, Iwan gained experience with Cox Richardson Architects.
He co-founded the Crown Group with business partner Paul Sathio in 1996.
“Iwan has grown the Crown Group in less than 20 years into one of Sydney’s major developers of upper end apartments with a portfolio worth more than $4.5 billion,” said Urban Taskforce CEO Chris Johnson.
Iwan said the award was a celebration of Crown Group’s journey; from its first development in Bondi to an internationally-recognised global brand.
“It is an acknowledgement of many years of commitment to innovative design and quality in everything we do. Our philosophy is not ‘bigger first then better’ but rather ‘better first and bigger will follow," he said.
Crown Group broke company sales records when it sold more than $380 million worth of apartments in one day at the launch of its latest development in Green Square Infinity on August 29.
Its major projects which are underway include a 29-storey V in Parramatta, a 20-storey Skye in North Sydney, an inner-west project Oasis and a 25-storey residential tower at Clarence Street in the heart of Sydney’s CBD.
Iwan has received several awards and significant coverage in the print media and on television in Australia. He has also appeared on Bloomberg Television in Indonesia, on Channel News Asia and numerous media outlets across Asia.
Among his accolades, include the 2013 Ernst &amp; Young Entrepreneur of the Year Eastern Region Industry Category Award, Indonesia’s Property &amp; Bank Magazine Golden Leadership Award 2013 and the 2013 Congress of Indonesian Diaspora Entrepreneur award. Iwan was also appointed to the Global Indonesian Diaspora Board in 2013.
He has authored a book, From Borneo to Bloomberg. A Comeback Story and 13 Principles for Success.
Urban Taskforce Chair Peter Daly said: “Iwan Sunito represents a new wave of entrepreneurial developers who are creating apartment buildings that convey the excitement of urban living."
Past winners include Tony Perich, MD of Perich Group of Companies (2014); Steve McCann, group CEO and managing director, Lend Lease; Ross McDiven, chairman, Brookfield Multiplex; Garry Rothwell , founder and principal, Winten Property; Bob Rose, CEO of Rose Property Group; Harry Triguboff, chairman and MD of Meriton Apartments; Wal King, CEO, Leighton Holdings; Greg Goodman, group CEO of Goodman; Bill Moss, group head and CEO of the Banking and Property Group, Macquarie Bank; Liam Forde, CEO of Baulderstone Hornibrook and Lang Walker, chairman of Walker Corporation.
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jchancellor-FAypfDUnLy

Iwan Sunito named property person of 2015 by Urban Taskforce

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Christmas always puts a deadline on things. For Property Bloom this year it's completing four development projects before the big man with the white beard arrives.
Of course our builder and all their tradies are under the pump at this time of year and our job as project managers really comes into play.
Our goal is not only to have the dwellings completed with Occupation Certificates (OCs) issued, but also tenanted before Christmas. And I've found a way to achieve this.
It's called supporting your site manager.
Rather than micro manage our site managers which just drives people crazy, we try to help them by giving them a hand. They feel supported and at the end of the day, we are all on the same team striving for the same result: Happy clients.
Here's an example. I'm doing two Practical Completion (PC) inspections this week and I have a tool I'm going to take along that should help. It's a bottle of Spray and Wipe.
Because we are pushing the process, we'll often get asked to move the PC date so they can be completely ready. But I don't want to give our builder another few days. Because right now, we literally don't have them.
We want tenants settled in before Christmas, we need the properties to look their best because on the same day we do our PC inspection, our appointed property manager will be taking photos and uploading the properties onto the Internet. This way we can advertise for tenants during the PC and Handover period.
The Handover period is the time after PC when the builder has seven days to complete any outstanding items we've picked up and before the bank pays the builder's final drawdown. Once the builder receives their payment, they release the keys to the owner and the dwellings come off construction key. That is literally the Handover date and of course a tenant can't move in before Handover.
Once asked to pay the final invoice, the bank typically take about a week, sometimes longer to send their valuer to check construction has been completed then transfer the money to the builder.  Before they release the final payment, they will have conditions such as receiving a copy of the OCs, and a copy of a building insurance policy in the name of the owners. 
This week or two is valuable and we use it to show potential tenants and hold open homes. We can do this because we have a great relationship with out builder and they will allow access BEFORE Handover. That's pretty unusual for a builder. But it means tenants are lined up as keys are handed over, which results in zero vacancy time for our clients.
So back to the PC inspection. My theory is that we set a date for PC and we do all we can to get the project to that stage. By having a deadline, more action is taken. I've found that there ends up being only minor items to attend to if any at all, because the site manager has done all he could to meet the deadline.
Short of bringing a pair of white gloves, I am fussy at these inspections. But some things just need a bit of elbow grease. So the bottle of Spray and Wipe comes out and we can clean the spots as we go through the property. It's so much easier than adding it to a list and having to wait for cleaners to come back. Of course I do draw the line at mopping floors, but small marks can easily be removed along with the fine layer of dust that always seems to settle on the kitchen benches a day after the construction clean is done.
I'm looking forward to Christmas this year but there's still a bit of work to be finished before the champagne is poured and prawns are peeled. 
Jo Chivers is chief executive officer of property development project managers <a href="https://www.propertybloom.com.au/about" target="_blank">Property Bloom</a>.
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jochivers-wq5Bp59R5a

Countdown to construction completion: Jo Chivers

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Those Stenmark twins look set to untwine just a little.
Model Zac Stenmark is on the move looking to buy a place so he won’t be living with his brother, Jordan.
They’ve never lived separately, spending most of their time growing up in Mosman and weekending at Palm Beach.
They still expect to see each other every day.
"We just won’t be in adjoining rooms,’’ they were heard telling friends at last weekend's opening of the Rolex boutique at Crown Towers in Melbourne.
‘‘We’ll be saying ‘Good night’ over the phone instead of through the wall,’’ Jordan Stenmark said. 
The guys say they don’t have a telepathic connection.
This article was first published in the Sunday Telegraph.
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Model Zac Stenmark looking to buy in Sydney 

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The Mornington Peninsula property, Fargeet at Flinders, has been listed for December expressions of interest sale.
<a href="https://www.abercrombys.com.au/flinders-485-meakins-road-ab2767/">Abercromby’s agents Tim Bennetts and Jock Langley</a> has $9 million plus hopes for the property with gun-barrel views of Bass Strait.
The contemporary 2003-built home sits on a rise overlooking the ocean.
b.e Architects designed the house which builder Gary Hutchins sold the 37 hectare property in 2008 for $6.53 million to the Bittar family.
Offers close on December 14.
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Mornington Peninsula's Fargeet listed for sale

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There have been fewer cases of underquoting and more cases of overquoting as the Sydney auction market softened during the bumper spring and into summer.
Underquoting had been rife for a while as many disappointed buyers missed out of their desired purchase during what was been an especially fast rising market. It has been subject to fresh legislation enforced from 2016 onwards.
But overquoting by agents to potential sellers is something of a sleeper issue as it typically relates to the private discussions between the vendor and their agent.
Overquoting is typically referred to as an agent securing the auction listing by misinforming the vendor that their property will sell for a lot more than what the market is likely dictating at the time.
Vendors who choose an estate agent solely on their suggesting the highest likely selling price of the property, will run the risk of ending up with a home that went unsold this spring. Or at least very grumpy as the agent seeks to lower the auction day price expectations to match the emerging weaker market conditions.
Any inflated auction price indications given by the listing agents saw the property passed in with the property possibly left sitting on the market until its agency listing expires possibly in the new year.
Expertise of estate agents, albeit trickier in a turning market, is to sense the probable and best selling prices of any prospective listing. 
They do themselves, their vendor and the market a disservice if they over inflate the likely sale price estimate to simply secure the listing.
Agents ought be familiar enough with the suburb and property type to get the buying market interested, not shaking their head in disbelief.
Ofcourse auctions are designed to get the vendor the best price on the day and that depends on a few things - demand on the day, the depth of bidder interest, how much they are prepared to spend, comparable homes that have sold or are for sale and, finally, what the vendor wants.
Most prospective vendors call in two or three local agents to get their own property appraisal ahead of the auction marketing. Yes a vendor wants to achieve the highest possible price for their property and too many vendors will base their decision on which agent to select based on the price forecast alone.
But in order to win the listing and win their vendor’s confidence agents ought be able to substantiate their property forecast.
The agents ought provide the most updated of sales in the neighbourhood, reports known as comparative market analysis (CMA). These reports can analyse and compare properties with the predictive price functionality. 
With just two weekends to Christmas, the Sydney auction housing market is tentatively poised and vendors won't want an unsold property over the long summer break.
There can be nothing worse as the weeks pass, unable to sell your property, of you getting tired of having the house on the market.... let alone the florist bill.
As the home sits on the market for so long, possibly without price change, it can start to appear cheaper in the eyes of ever vigilant, but keen buyers.
Of course price assumptions are not just not mathematical or scientific desktop calculations — the best agents work on the emotion of human buying behaviour. And that's when ambitious hopes can be sometimes realised despite contrary market conditions and comparisons.
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Overquoting to potential sellers the sleeper issue

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The final Sydney Burgess Rawson portfolio auction of the year raked in nearly $65 million in sales with an 80% clearance rate.
All eight commercial buildings put up for sale by the <a href="/expert-insights/investing/nsw-government-selling-eight-properties-through-burgess-rawson-auction">NSW state government</a> were sold, indicating investor confidence in the NSW economy. 
The sale of these properties, all in regional centres outside of Sydney and leased to tenants such as Services NSW and Roads and Maritime Services offering five-year leases with fixed annual rent increases of 3%, will boost the state's coffers by almost $17 million.
The properties were at Bathurst (Robin Hill), Cessnock, Deniliquin, Grafton, Mittagong (Welby), Penrith, Unanderra (Wollongong) and Tweed Heads.
Net incomes were in the range of $23,445 per annum to $335,760 per annum, with the yields ranging from 4.3% for a Motor Registry office in Mittagong in the Southern Highlands, which fetched $1.88 million, to 6.7% for a Motor Registry office in Wollongong, which sold for $3.34 million.
A Sydney buyer paid $5.71 million for a Motor Registry office in Penrith, translating to a yield of 5.9%. 
In all, 20 out 25 properties up for auction were sold under the Burgess Rawson hammer.
The highest price of $8.1 million was a retail property in Armidale in the NSW Northern Tablelands, which has a Woolworths-owned Dan Murphy's liquor store and a Dick Smith electronics outlet. The yield works out at 6.9%.
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All 8 NSW government properties sold at Burgess Rawson auction

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The casino tycoon James Packer and his wife Erica stood unchallenged when it came to the windfall price secured for their Vaucluse mega-mansion, La Mer earlier this year.
(1) No other Sydney trophy home sale came close to the $70 million paid for the six storey mansion, La Mer which was sold to the Hunters Hill-based billionaire Chinese property developer Dr Chau Chak Wing.
The surprise Packer exit was an imposing Alex Tzannes-designed architectural gem that had been updated from the original Guilford Bell-designed home.
It had the requisite gun barrel views back to the Harbour Bridge. 
<a href="/news/james-packer-and-erica-baxter-sell-vaucluse-trophy-la-mer">Title Tattle wrote about the Packer sale in August.</a> 
But despite all the record price excitement surrounding the August sale, which The Daily Telegraph broke exclusively, the prestige property market had its quietest spring in living memory, with just three spring selling season sales amid the top 10 for the year to date. 
The list of the 10 highest house sales across Sydney saw seven buyers of Asian descent, a marked escalation in the trend to foreign prestige home buyers.
"The La Mer sale has recalibrated the market from an international perspective as, currencies aside, the price spread between prestige and trophy is not as condensed," Christies International agent Ken Jacobs said.
<div>Ken Jacobs' forecast was Sydney will see continued strong interest from off-shore buyers. But veteran agent Bill Malouf, who said it was the quietest spring he'd had in two decades or so, thought the prospect of official FIRB investigations into most top end sales had turned some of the Chinese buyers gun-shy.</div>
<div> </div>
<div>The top 10 house sales are evenly split between harbourfronts and hillside, all but one - Cate Blanchett's Hunters Hill home - situated in Sydney's pricey eastern suburbs. Around $18 million was the cut off for entry this year to the trophy home list.</div>
<div> </div>
<div>Last year's top 10 topped out at $39 million, with the 10th place price also at around $18 million. Mosman disappeared from the list this year, with its highest sales coming in at $16 million.</div>
(2) Mandalay, a non-harbourfront at Point Piper sat in second place at $39.9 million this year. The Wolseley Road sale had set the prior record for a non-waterfront house in Sydney, until James Packer trumped it a three months later. 
Mandalay was sold by the Toorak-bound former tobacco executive Bill Webb with the five bedroom, five bathroom European style villa sold through Bill Malouf of LJ Hooker to road construction developer Phillip Dong Fang Lee and his wife. It had last sold in 2004 for $20 million. 
The three-level, 900 sqm property has an east wing and a west wing and comes with unobstructed views of the Sydney harbour.
(3) Then Treasurer Joe Hockey's dampening crackdown on illegal foreign ownership triggered the sale of Villa Del Mare, Point Piper at $39 million in May with the Wolseley Road six bedroom, eight bathroom luxury mansion sold at the same price as its had been bought in October 2014 without FIRB approval by Chinese real estate developer Xu Jiayin.
(4) The top harbourfront sale this year was at Gladswood Gardens, Double Bay at $38 million.
The Double Bay waterfront mansion of former Multiplex chief Andrew Roberts and his wife Andrea sold in April to the property tycoon and Malaysian-born Mulpha billionaire Seng Huang Lee and his wife.
Inspired by the work of legendary architect Frank Lloyd Wright, the contemporary home has six bedrooms, eight bathrooms.
The 1145 sqm of land includes a jetty, an infinity pool and a large waterfront garden.
(5) Spring's highest sale was Leura at Bellevue Hill for an as yet unconfirmed $30 million. The buyer of the Victoria Road property was an unidentified Australian Chinese buyer who did not need FIRB approval. 
The Bellevue Hill trophy home Leura sold in November after having only six owners over the last 125 years.
The eight bedroom, eight bathroom heritage home sits on a 4260 sqm block with tennis court and a swimming pool.
The packaging company businessman Ken Allen and his wife, Christine sold the day before its scheduled private Ray White auction.
(6) The buyer at Wolseley Road, Point Piper which sold at $28 million was Qingling Wang from the longtime property developer Juliana Lim. It was a knockdown house close but not on the harbour, coming with plans approved for an Alex Tzannes-designed new home.
(7) Indah at Rose Bay sold at $27.08 million on Bayview Hill Road in May after a contemporary makeover of the five bedroom home to an expatriate.
The property was bought by UK barrister Georgina Black, the wife of Graham Edwards, chief executive of the UK’s property giant Telereal.
(8) Loch Maree at Vaucluse sold for around $24 million with its noteworthy Leonard French's stained glass windows a key feature.
The 2311 sqm holding was sold by entrepreneur Duncan Saville and wife Julie to cosmetic surgeon and hotelier Jerry Schwartz and his wife Debbie who have sold at around $18 million not far from their purchase. It had been on and off the market for many years.
(9) Actor Cate Blanchett sold Bulwarra at Hunters Hill for $19 million plus - almost $20 million - in September to Chinese buyers who currently own in Point Piper. 
The 1887 sandstone residence is set on one of the sandstone suburb's largest privately held blocks at 3642 sqm. 
The heritage home has five bedrooms, four bathrooms, a pool pavilion and a championship sized tennis court.
(10) Sitting on the list amid a few unconfirmed $18 million plus sales is the Wunulla Road, Point Piper waterfront home bought by the Bellevue Hill based South African billionaire and co-owner of Nandos, Dick Enthoven and his wife Karen.
This article was first published in the Daily Telegraph.
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James Packer's La Mer unchallenged atop Sydney's top 10 trophy home sales in 2015

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Experian Marketing Services Australia, provider of customer-centric information services, will add geospatial elements to its range of customer marketing services by leveraging the real estate-related information assets of global information provider CoreLogic.
The partnership will give Experian access to property attributes, historical sales and other value data, and property trends across Australia.
“Our core philosophy is to provide data to help companies connect to communities,” said Vic Hodge, principal ponsultant, Experian Marketing Services.
“Smart companies are using data to improve their ability to connect with the consumers of today, and to be at the forefront of the planning and interaction with the consumers of the future.”
By integrating detailed information about Australian real-estate industry trends into its data offerings, Experian will be able to better tailor its products and services with a geographic element that reflects demographic and societal changes over time.
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jonathanchancellor-7SQnKwU6yx

Experian leverages rich property data from CoreLogic to expand customer-centric information services

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Australia 108, to be home to the highest residences in the southern hemisphere, will commence construction this month, with a ground breaking ceremony held December 8 to mark the milestone.
When completed in 2020, the $1 billion tower will rise 319 metres and feature 1105 apartments as well as what's billed as the most extensive and opulent residential amenities in Australia, including two infinity pools located 210 metres above ground.
About 60% of the Australia 108 buyers are thought to be intending owner occupiers. The split between offshore and local buyers sits at around 50:50.
It was designed as a sister tower to the nearby gold-topped Eureka Tower.
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Australia 108 ground breaking ceremony

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Amelika, the Byron Bay hinterland trophy home designed in the white-box architectural style, has been sold.
Tom and Emma Lane had their Federal home listed with $3.5 million plus hopes through Unique Estates agents Nicolette van Wijngaarden and Ruth Gotterson.
It is a 10 hectare Blackbean Lane property which the Manly businessman bought for $4 million in 2011.
Tom Lane is from the family who founded the Oroton fashion empire, but left the family business, and now is a Byron Bay agri-tourism entreprenuer heading up The Farm.
They currently have their Manly home listed with $10 million plus hopes with McGrath agent Jake Rowe.
Designed by its previous owner, architect Sharon Fraser, Amelika is a bespoke single-level house built on a flat block of land where only a 100-year-old cudgerie tree blocks some of the 360-degree views of the northern NSW coastline and surrounds. After its 2008 completion, it received recognition in the Australian Institute of Architects in its NSW country division awards.
The 10-hectare holding came with two minimalist sculptures by Melbourne artist Peter McLisky, along with a windmill and dairy converted to an artist's studio.
There is also an 18-metre pool. It has been available at $4000 plus a week rental.
The home's green initiatives include solar-heated hydronic underfloor heating in its polished-cement floor and on-site waste management. It has retractable shading on external western walls that double as mosquito screens.
Down on the beach at Wategos come whispers of a $9.5 million sale. The directors of the Evolve College, formerly Australian College of Massage, Robert and Deborah Wild, have sold their beachfront reserve duplex on Marine Parade which they bought in 2012 for $7.25 million. 
This article was first published in the Sunday Telegraph.
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