As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

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The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Joel Robinson

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

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The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

Savills

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An office site marked for development in Sydney’s Mascot is set to hit the market through Savills, amid a lack of quality approved sites for office buildings and strong occupancy in the Sydney CBD.
The 12,602 sqm site comprising 7, 9, 14, 16, 18-21 Chalmers Crescent is one of the largest urban business park sites in greater Sydney, according to listing agents Matthew Dunn and Tim Grosmann of Savills.
The site has approval for almost 34,000 sqm of net lettable area.
The offering comes at a time when conversion of commercial to residential schemes has put greater pressure on suburban office proposals and the evolving scarcity of employment land is a major issue for greater Sydney, say Savills.
The Mascot site is well connected, with the train station close and near to the proposed WestConnex St Peters Interchange. It is also close to Sydney Airport.
The approved scheme for commercial offices with 37,805 sqm gross floor area (GFA) across four office towers which will rise 44 metres above Chalmers Crescent. 
The approved towers are set on top of a landscaped podium with lobby access and service retail to each tower with car parking.
“Green” roof tops allow for the recycling of grey water.
“The urban renewal of Mascot and Green Square together with Alexandria and St Peters has created a major workforce within close proximity, with the area further poised for strong growth,” Matthew Dunn said.
“Recent transactions of commercial assets in the immediate Mascot precinct have totalled close to half a billion and have been purchased on investment yields from low 5% to low 6% reflecting the strong demand for quality investment assets in the area.” 
The South Sydney area and especially Mascot has turned into an important office market, particularly for those in the logistics and transport sectors, due to its proximity to the CBD, added Tim Grosmann.
He expects keen interest from developers due to the site’s strong leasing fundamentals.
The site is near to shops, with Woolworths and 17 specialty shops at Mascot Central retail precinct and major retailers such as Bunnings IKEA, Officeworks and Bing Lee, all nearby.
The site is being sold through an expression of interest campaign closing June 21.
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Site approved for office development in Sydney's Mascot listed: Savills

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A city fringe hotel in West Melbourne has been snapped up by developer United Asia Group through Savills.
Flagstaff City Inn at 45-55 Dudley Street had been listed with expectations of more than $18 million.
The hotel is speculated to have changed hands for around $19.5 million or a per-square-metre rate of around $15,000, according to Fairfax Media.
The selling agents were Clinton Baxter, Benson Zhou and Jesse Radisich of Savills.
"It achieved an unprecedented land rate for West Melbourne, which is indicative of offshore developers' desire to cater for burgeoning demand," Baxter was quoted by the Sydney Morning Herald.
It generates an income of nearly $1.3 million per annum.
The property was offered to the market on a ‘walk-in, walk-out’ basis with expressions of interest closing April 11.
It is close to city centre attractions, the Melbourne Cricket Grounds (MCG), Royal Botanical Gardens, Southgate along the Yarra River, Crown Casino and more.
UAG, led by Nicole Chow, snapped up the property.
It has 42 spacious suites, a restaurant and facilities for conference  etc.
There is development potential with a 38-level tower next door.
Radisich said future development outcomes for the site could include high density residential and retail, commercial, student accommodation and hotel uses.
“The flexible Mixed Use zoning provides for a wide range of development options and that fact, not to mention the size of the land and the red hot hotel market, is what is so compelling about the opportunity that this property presents,” Radisich said.
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Melbourne's Flagstaff City Inn snapped up by developer through Savills

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

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An 88 square metre strata titled retail investment in the Maroochydore CBD has sold for $423,000 to a local investor.
The property at Unit 4, 31-33 Plaza Parade sold for a current net yield of 6.43 percent on passing income.
Will Carman and Peter Capps of Savills said the property sold within a week of its campaign starting via an offers to purchase campaign.
The property had previously sold in November 2016 for $385,000.
Capps said the owner deciding to put the space back on the market when other opportunities took priority.
“Also of great appeal to investors was the location of the property, on Plaza Parade, and the fact it now  provides easy access to the Sunshine Coast Motorway, north and south, and into the Maroochydore CBD via Maroochy Boulevard.”
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Maroochydore Sunshine Coast strata titled retail investment sold

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Childcare centres in Melbourne are hot property with five off the plan centres up for sale through Savills.
The five centres are being offered as a portfolio or individually, through expressions of interest closing June 15 with promises of stamp duty cost savings before July 1.
The listings come soon after five fully leased Melbourne childcare centres sold earlier this year for more than $44 million – an average of $8.8 million each — setting new national benchmarks for the sale of individual centres, according to Savills. 
All the centres are tenanted with long-term leases and options for further extension. Construction is expected to be complete soon.
The five are: 
The 19-21 Point Cook Road, Altona Meadows centre is leased to ASX-listed Think Child Care.
The net rental is $403,000 per annum and the tenant is on a new 20-year lease with a further two options of 10 years each.
 The 808-814 Heatherton Road, Springvale centre is leased to Sparrow Early Learning and the tenant is on a new 20-year lease with three five-year options.
The net rental is $244,000.
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The third centre at 1-7 Selandra Blvd, Clyde North is leased to Sparrow Early Learning, which is on a 20-year lease with three five-year options for extensions.
The net rental is $325,000 p.a.
The centre at 345-351 Hogans Road, Tarneit is tenanted to Kool Kids Child Care. The tenant is on a 20-year lease with two 10-year options.
The net rental is $360,000 p.a.
The last one at 1028 Wellington Road, Rowville is leased to Greenwood Early Education.
The net rental is $390,000 and the lease is for 15 years with three further options of 5 years.
The listing agents are Julian Heatherich, Clinton Baxtor and Benson Zhou of Savills.
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Five Melbourne childcare centres for sale off the plan through Savills

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An office space in Sydney CBD's western precinct is up for lease through Savills.
The 22-storey office building at <a href="https://commercialpropertysearch.savills.com.au/cb67fd44-51c7-e611-80c4-005056816dfc/Lease/Sydney/55-Clarence-Street" target="_blank">55 Clarence Street</a> has undergone refurbishment including a facade refresh. 
Each floor enjoys natural light on three sides and views of Darling Harbour, Pyrmont, and the city, according to the property’s description. The building has a 5-star NABERS rating for energy efficiency.
On offer is part Level 15 which is on sub-lease to June 30, 2018. It is being offered at $475 sqm gross effective.
Features included fitted part floor with a boardroom, meeting room, offices, workstations and kitchen/breakout area.
The property has good exposure, being on the corner of Kent, Margaret and Clarence streets in the western precinct of the Sydney CBD.
Chris Rowe of Savills is the leasing agent.
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Short-term lease offer in prime location in Sydney's CBD: Savills 

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A Moorabbin office and warehouse facility has been sold pre-auction to an owner-occupier for $2.5 million.
The private sale was negotiated through Savills directors Gareth Jackson and Lynton Williams, in conjunction with Just Commercial.
According to Jackson, the former Shannon’s Classic Car auctions property was well suited to the purchaser’s requirements.
"The purchaser jumped on this property because it was so well suited to its requirements that it did not wish to let it go to auction and risk losing it,’’ Jackson said in a statement. 
He said the location on busy Warrigal Road also provided the purchaser with excellent exposure and ease of access for clients and staff.
The <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-cheltenham-502261450" target="_blank">321 Warrigal Road</a> property comprises a modern, 1481 square metre building including a  two level office component with a quality kitchen and fit-out, and a clear span warehouse on an 1820 square metre site.
Explaining the pre-auction exchange, Jackson said the purchaser, who is also currently a tenant, had taken advantage of low interest rates to buy in what was a favorable market for owner-occupiers.
"Owner-occupation is a hot market at the moment across the south-east and particularly in the Moorabbin/Cheltenham region and we’re likely to see more such sales as opportunities arise,’’ Jackson added. 
The property was sold with vacant possession by a private Melbourne-based investor.
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Owner-occupier pays $2.5 million for former Moorabbin Shannon’s Classic Car auctions space

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A developer from China has paid $11.67 million for an 8.78 hectare VicRoads site in the City of Brimbank, in one of Melbourne’s key growth corridors.
The deal was brokered by Savills Julian Heatherich, Jesse Radisich and Nick Peden.
The 80a and 80b Oakwood Road, Albanvale property adjoins Brimbank Shopping Centre.
It has two street frontages totalling 225 metres zoned General Residential providing for a range of development options.
Easements and non-developable areas leave a developable area of circa 4.5 hectares.
Mr Heatherich said it was likely the new owner would pursue a townhouse development.
"The demand for housing in established centres, particularly next door to a shopping centre and with public transport and other amenity including recreation and education facilities already in place, is enormous. 
Radisich said infill sites in Brimbank, one of Melbourne’s most important growth centres, were a magnet for developers.
Brimbank is Melbourne’s third most populous municipality with a predicted increase in the number of dwellings of 11.6 per cent over the next 20 years while house prices in Albanvale have risen more than 30 per cent in the three years to January.  
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China developer pays $11.67 million for Brimbank site

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Globally, monetary policy remains accommodative as global growth continues a below-average rate of growth, according to Savills’ latest report.
When reported, the numbers for the second half of 2016 are expected to show global growth marginally improving.
Growth in China has stabilised and the Government continues to support property markets and infrastructure spending.
GDP in the US picked up in the September quarter of 2016 whilst growth in Europe and Japan remained at modest levels.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%205.08.04%20pm.jpg" target="_blank">Click to enlarge</a>
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 Whilst conditions remain supportive of consumption growth around the world, business investment remains relatively subdued.
Labour markets globally have seen substantial improvement however the quality of work the wages offered and the part-time and contractual nature of the employment growth undermines the quality of employment growth.
Substantial capacity through underemployment remains.
Consequently, headline inflation numbers remain below most central bank’s target ranges.
Inflation expectations have been little changed over the past twelve months however a late pick-up in inflation expectations following the results of the US presidential election has seen bond yields move substantially at the end of 2016.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%205.08.18%20pm.jpg" target="_blank">Click to enlarge</a>
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The capital markets have been relatively strong over the six months to end of December 2016 with the S&amp;P500 finishing the six months up over 7 percent.
European bourses fared better with most indices up strongly over the six months to December 2016.
Bourses in Asia have been generally healthy over the last six months of 2016.
10 year bond yields have risen by an average of 44 basis points around the world in the past six months and average around 1.7%.
The negative rates prevalent in Japan and Germany in mid-2016 have reversed to be 0.05% and 0.21% respectively.
<a href="https://www.propertyobserver.com.au/images/2017/02/21/Screen%20Shot%202017-02-21%20at%205.08.53%20pm.jpg" target="_blank">Click to enlarge</a>
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Most of the move in global bond yields followed the outcome of the US presidential election in early November.
The move in bond yields were associated with expectations of infrastructure spending, tax cuts, trade renegotiations and further support for economic growth.
Expectations for rising interest rates in the US firmed.
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Hanoi tops world office market yields: Savills

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A fully leased medical centre in Brisbane’s inner suburb of Nundah has sold for $6.6 million through Savills.
Nundah Medical Centre at 1220 Sandgate Road is on a 2,042 sqm corner site.
It was purchased by Heathley Limited for the Heathley Direct Medical Fund which secures medical properties throughout Australia. 
The on-market campaign realised an initial yield of 6.5 percent.
It sold through Savills agents Jack Morrison and Peter Chapple on behalf of a private investor.
“Heathley are highly experienced in the area of medical property investment and will draw on their extensive expertise in medical based property assets to continue to bolster the fundamentals of 1220 Sandgate Road long into the future,” Morrison said.
The site has long-term development potential in a rapidly gentrifying Northside precinct, according to the agents.
“The property attracted an unprecedented level of interest as many see Nundah as a premier investment area with an abundance of potential for future growth,” said Chapple.
The location is close to the Brisbane CBD, airport and is well serviced by transport.  
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