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

South Yarra

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Mirvac Group sold the landmark Como Centre in Melbourne, a mixed use asset in South Yarra, for $236.5 million.
Property syndicator Newmark Capital went into due diligence last month on the South Yarra property.
It is a two hectare site on the corner of Toorak Road and Chapel Street.
The property includes 25,700 square metres of A-grade office accommodation,  6,650 square metres of retail, a 111-room hotel and a commercial car park.
It was reported last month the Como Centre in South Yarra attracted the attention of the boutique funds manager Newmark Capital, which is led by Chris Langford, the former star of AFL club Hawthorn.
The group secured the nearby Jam Factory for about $165 million last year from financial services company Challenger.
The Como is a two-hectare site with street frontage to Chapel Street, Toorak Road and River Street.
The property generates more than $14 million of net income from more than 25,000 sqm of office space and 6600 sqm of retail space.
There is a 113-room hotel operated by Accor on a lease expiring in June 2021, with a five-year option.
The centre has a car park for 614 vehicles.
Newmark Capital was founded in 2011.
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Como Centre, South Yarra sold by Mirvac

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A Toorak trophy home has sold for an undisclosed price having been listed by Kay &amp; Burton South Yarra selling agents Grant Samuel and Michael Gibson with a $11 million price guide.
Last traded for $8.625 million in 2011, 8 Ottawa Road has three bedrooms, three bathrooms and a home office.
It has been bought by landscaper Jack Merlo from the Joel family.
The main bedroom is in its own wing and features a fitted dressing room, TV projector with retractable screen and ensuite with double shower.
Set on 1278 in landscaped gardens, the home has an indoor heated swimming pool with sauna and features a glass ceiling and windows which connect to the surrounding terraces and water feature.
Numerous living and dining areas are separate by a marble kitchen with a Japanese courtyard backdrop. 
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Toorak trophy home possibly fetches double digit sale

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Located in the Domain precinct, 1/131 Walsh Street, South Yarra has been masterfully designed with zones for every purpose. 
There are formal sitting and dining areas, informal living, dining and a showpiece kitchen that opens onto a private, north facing 55sqm garden terrace. 
The <a href="https://www.realestate.com.au/property-apartment-vic-south+yarra-120333025" target="_blank">346sqm apartment</a> includes a theatre room, wine room, private lift and 14sqm courtyard.
The main bedroom suite features dressing room and ensuite while downstairs there are a further two bedrooms each with ensuite.
Chris McCue has been previously involved in the design of multi-residential developments such as Tower Melbourne and Emporia Prahran.
Sue Carr, interior designer for this apartment, was awarded Australia’s highest interior design accolade – the inaugural Interior Design Excellence Awards (IDEA) Gold Medal for Interior Design in 2010.
It is listed with Andrew Baines and Gerald Delany of Kay &amp; Burton with $7.8 million hopes. 
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South Yarra trophy hits market

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The Botanic Portfolio in South Yarra, estimated to be worth up to $20 million, has been quickly sold to the founder of retail surfwear chain Surf Dive 'n' Ski, Fadil "Butch" Sadikay.
The three-property residential portfolio fetched $33 million having been held in one family for almost 50 years.
The properties at 30 Anderson Street, 25-29 Kurneh Place, and 216-218 Domain Road, total 2655 square metres of land. Developers including Paul Little, Will Deague and Michael Yates are understood to have expressed interest in the CBRE-Jellis Craig offering.
Sadikay, who lives nearby on Anderson Street, founded Surf Dive 'n' Ski and the Ozmosis retail chain and then sold them to ASX listed company Quiksilver. 
The land contains three blocks — two houses at 216-218 Domain Rd and 30 Anderson St and eight garages at 25-29 Kurneh Place.
Their owner, Marion Page, had died last year.
She was the daughter of Melbourne businessman Sir Clive McPherson whose estate was worth £95,224 when he died in 1958.
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The $33 million Botanic portfolio, South Yarra sold to Fadil Sadikay

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Ray Blythe, owner of Victorian Renovations has listed his South Yarra property.
The circa 1871 property was formerly a private hotel.
It has six bedrooms, three bathrooms, large living and dining rooms, sunroom and home office.
It has a remote double carport, additional off-street parking, workshop and a cellar.
<a href="https://www.realestate.com.au/property-house-vic-south+yarra-121880170" target="_blank">The 593 sqm property</a> has been listed by David Volpato of Marshall White holds the $3.3 million listing.
It last sold at $1.1 million in 2010.
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South Yarra listing by Victorian Renovations' Ray Blythe

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Capitol Grand, South Yarra has announced it is set to commence demolition works after its initial 120 luxury apartment sales.
Melbourne's developer community however believed the $800 million South Yarra tower, Capitol Grand project, which is now offering up to two million Qantas Frequent Flyer points to off-the-plan buyers, was too expensive to succeed, according to the Australian Financial Review.
The Fairfax Media newspaper also added the Qantas deal was viewed as "an ominous sign as incentives usually creep into markets when demand falls or there is an over-supply."
<a href="https://apartments.lkproperty.com.au/capitol-grand-melbourne/?gclid=CMjohY3RjcsCFQF_vQod6c0MXw" target="_blank">Apartments in Capitol Grand</a> start from $610,000 for a 50 square metre one-bedder with two-bedders starting from $1 million.
The most expensive penthouses are priced at an "eye-watering" $25 million, which the paper noted made it more expensive than the $20 million paid for the penthouse atop Australia 108, the Southbank skyscraper now under construction which will be the tallest in the Southern Hemisphere upon completion in 2019.
The project received development approval at VCAT in July last year after the height was raised from 38 to 50 stories, which at 180 metres will be the tallest building outside the Melbourne CBD. It is on the former Capitol Bakery site.
LK Property Group's Larry Kestelman, the founder of internet provider Dodo, told The Australian Financial Review 120 out of the 400 apartments had now sold, the majority to local buyers. 
"We have enough sales on the board to commence demolition in next couple of weeks.
"A demolisher has been appointed and the site's been hoarded up.
"We're half-way through the tend process to appoint a builder," he said.
The project, at the corner of Toorak Road and Chapel Streets, will be funded by Mr Kestelman's "independent financial arrangements" and does not have international stakeholders or partners.
"The news will surprise some in Melbourne's developer community, who believed the project was too expensive to succeed," the paper reported adding the Capitol Bakery site had a track record of failed projects, the most recent in 2011. 
Some $100 million in sales were inked in the first 10 days of sales last August after a Melbourne appearance by actor Charlize Theron, who spruiked the development at the Australian Grand Prix.
Capitol Grand South Yarra won the prestigious Best Luxury Development Asia Pacific award at the iProperty.com Awards, held by one of Asia’s largest online real estate portals.  
Three years ago, LK Property Group created the partnership with Qantas Loyalty on other projects.
“We have had an excited response about the Qantas partnership from buyers in our other developments," a spokesperson advised.
"Potential buyers walk into an apartment and start talking to the agents about their travel plans, so we know it’s a great partnership to have been able to secure with Qantas Loyalty.
"Capitol Grand South Yarra buyers could take advantage of the offer to escape the Melbourne winter and put points towards the longed for European sojourn."
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Capitol Grand, South Yarra set to commence demolition after 120 luxury apartment sales

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It was a bumper year for The Block South Yarra as every apartment featured in the hit design show was sold above reserve price in their November 2015 finale.
The buyer of <a href="https://www.realestate.com.au/property-apartment-vic-south+yarra-121129266" target="_blank">5/1a Affleck Street</a>, known as Luke and Ebony's apartment, has just listed the sub penthouse for rental.
It was bought for $2.2 million in November.
Thousands of Melburnians queued up for a glimpse before it's live TV auction, but the $1950 a week price tag is likely to see a cap on prospective renters.
If the buyer secures a tenant at the asking price they will be looking at a rental yield of 4.6 percent.
Located in the formerly seedy Hotel Saville in South Yarra, the three bedroom plus study full floor apartment occupies an upper level of the complex.
The $2.2 million sale comfortably beat the reserve price of $1.56 million, but it wasn't enough for Luke and Ebony to win the competition. The WA siblings missed out by just $15,000 on overall winners Dean and Shay.
Brant Williams of Advantage Property Consulting is managing the lease for the octagonal shaped apartment.
To check out the best and worst contestants on The Block of all time, click here.
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Block South Yarra apartment investor seeks 4.6 percent rental yield 

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The trophy home at 3 Fulham Avenue in South Yarra has been listed for sale.
The grand <a href="https://www.realestate.com.au/property-house-vic-south+yarra-121728514" target="_blank">1900 Edwardian residence</a> sits on one of the largest land parcels in the Como Park precinct. 
Surrounded by 2240 sqm of established gardens, the house displays all the grandeur of the era it was built, with an imposing central reception hall, a library and a formal dining room, all accompanied by marble open fireplaces and high panelled ceilings.
The reception room with a built in bar leads out to the gardens, tennis court and the swimming pool which can be overlooked from the upper level terrace.
The accommodation wing has four bedrooms and three bathrooms. 
Expressions of interest close on February 23 with Marshall White agents Richard Mackinnon and Celeste Wright who are anticipating about $12 million. 
It last sold at $270,000 in 1977.
The avenue's last sale was in October 2015 when Hawthorn couple, Peter and Penny Inge spent $6.8 million on a 1160sqm corner holding.
Peter is the joint managing director of the Zig Inge Group which, before the sale of the business in 2007, was one of Australia’s largest and longest running retirement village businesses.
 
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Edwardian style trophy home listed in South Yarra

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Historic Wavendon at 100 Walsh Street, South Yarra has been sold for around $18 million.
But the official selling price and buyer have yet to emerge.
It has had a who's who of former owners including film director Fred Schepisi and golfing champion Peter Thomson. The property has also been home to former CRA Ltd managing director Sir Roderick Carnegie and businessman Robert Kirby.
A purchaser’s caveat has been lodged on its title by a recently established nominee company, Lansell Nominees through the Malvern accountancy firm, Ibbotson &amp; Moscatelli. There are no details on its beneficial owner.
Greg Hargrave of the Skilled Group listed last May the grand gothic mansion <a href="/news/time-ripe-for-record-south-yarra-walsh-streets-wavendon">at 100 Walsh Street reportedly came with hefty price expectations</a>. 
The Age suggested Wavendon came with $24 million record setting prospects, though these were never confirmed by the listing agency. Later $18 million plus was being suggested, according to CoreLogic RP Data. 
The land at 100 Walsh St was first occupied in 1845 by Baron von Mueller, the German-Australian physician and botanist who designed the nearby Royal Botanic Gardens.
The five bedroom 1888 mansion is surrounded by lush subtropical gardens, with a tennis court and a pool.
Businessman Greg Hargrave, of the Skilled Group, bought the tri-level Walsh Street home from Schepisi in November 2006 for $11,250,000 in an off-market deal.
Its subsequent contemporary renovation was undertaken by the designer Don McQualter, of Sydney-based firm Meacham Nockles McQualter.
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Greg Hargrave sells South Yarra trophy home, Wavendon

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Prolific South Yarra developer Michael Yates has banked upon the continued success of the luxury apartment sector within the suburb by positioning his latest apartment offering squarely at the expanding baby-boomer sector of the market.

After a string of successful apartment and commercial developments spanning the best part of two decades and predominantly within South Yarra's Forrest Hill Precinct, Michael L Yates &amp; Co. have released 55 Claremont with the intention of capturing the “boomer-boom." Discerning the shift of a certain part of the market toward premium apartment living, 55 Claremont will contain a comparatively modest 37 apartments over 16 levels.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/yate9001_55_claremont_e01_heroa.jpg" rel="gallery-all" title="Hero perspective of the upcoming development"><img alt="" class="image-article-full-width-580px" height="1160" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/yate9001_55_claremont_e01_heroa.jpg?itok=67_hgbmp" title="Hero perspective of the upcoming development" width="580"></a>

<figcaption>Hero perspective of the upcoming development</figcaption></figure>According to the developer the first signs of the strengthening luxury apartment market appeared when fellow Michael L Yates &amp; Co. development Yarra House sold more than 70 percent of apartments to owner occupiers in the over-50 bracket. With Yarra House freshly completed, 55 Claremont has been positioned to absorb the “boomer-boom” defined by their desire for high quality, spacious apartments in inner city pockets.

In excess of 40 percent of stock has traditionally gone to investors in the developer's earlier apartment projects, although with baby boomer demand for apartment living on the rise projects such as 55 Claremont will continue to emerge as the industry steps up to cater for this emerging apartment dweller.

<h2>The boomer shift</h2>

<blockquote>
We ensured our next development, 55 Claremont, ticked the boxes for baby boomers – spacious and flexible floorplans, a boutique development in a prime location and a dress circle view of Melbourne.

Another trend we’re seeing is the downsizers’ desire to merge floorplans. The ability to create your own, bespoke apartment combined with a five-star hotel ambiance has been embraced by empty nesters looking to enjoy their encore years.

With the kids out of home, or retirement on the way, these buyers value being in close proximity to Melbourne’s best restaurants and cafes, cinemas, recreational facilities, parks and the city.
<cite>Michael Yates of Michael L Yates &amp; Co</cite>
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<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/in03_type_b_kitchen_lighta.jpg" rel="gallery-all" title="Space and more space. 55 Claremont's kitchen area"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/in03_type_b_kitchen_lighta.jpg?itok=SPBbQ5sk" title="Space and more space. 55 Claremont's kitchen area" width="580"></a>

<figcaption>Space and more space. 55 Claremont's kitchen area</figcaption></figure>Michael L Yates &amp; Co.'s preferred architect Bird de la Coeur is responsible for the overall design of 55 Claremont, with Hassell appointed to deliver interiors for the premier project that will see a maximum of three apartments over any one floor

Designed with clean finishes, apartments feature and abundance of space, stainless steel Gaggenau appliances, stone-finish island benches and oak timber flooring.

As South Yarra and Forrest Hill in particular continue to develop, Michael L Yates &amp; Co. also consider 55 Claremont's position as a strong selling point. Panoramic, never-to-be built out views are on offer with the CBD a focal point.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/yate9001_55_claremont_in02_bedrooma.jpg" rel="gallery-all" title="A bedroom with CBD views"><img alt="" class="image-article-full-width-580px" height="388" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/yate9001_55_claremont_in02_bedrooma.jpg?itok=PF5CxdQ_" title="A bedroom with CBD views" width="580"></a>

<figcaption>A bedroom with CBD views</figcaption></figure>One bedroom apartments within 55 Claremont range in size from 41sqm to 53sqm with large two bedroom apartments holding 95sqm. Three bedroom apartments range between 95sqm and 151.5sqm with prospective purchasers having the option of combining floorplans to create bespoke apartments.

With only 37 apartments on offer construction of 55 Claremont is due for completion by the end of 2017.
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