Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sydney

<html><body>
Sydney's median house price is forecast to bottom out at eight percent below its June 2017 peak, according to BIS Oxford Economics latest forecast.
It will still sit four percent below the peak by June 2021, the industry analyst and economic forecaster has predicted.
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
Sydney’s estimated median house price of $1,120,000 at June 2018 represented a seven per cent increase over the prior 12 months, after recording a substantial 85 per cent rise over the prior five years.
BIS have forecasted an aggregate price growth of three percent between June 2018 and June 2021.
By 2019/20, a combination of the correction in prices, the undersupplied market and some improvement in the economic outlook is forecast to see prices stabilise, and potentially show modest rises into 2020/21, BIS suggests.
The economic forecaster said that although the unit market has a greater exposure to the downturn in investor demand, it appears that the stronger first home buyer demand is helping to support prices.
Nevertheless, median unit prices are expected to have fallen four per cent in 2017/18, with a further fall of three per cent forecast for 2018/19.
By June 2021, the median unit price is forecast to be five per cent off its peak, and 14 per cent lower in real terms.
Investors were the key to the upturn, having consistently accounted for over half the value of residential loans since 2013, compared to around 40 per cent over the prior five years, says BIS Oxford Economics senior manager Angie Zigomani.
However, continued tightening in bank lending policy directed by the Australian Prudential Regulation Authority (APRA) has caused investors to retreat from the market, which in turn has resulted in the price decline over 2017/18. 
“Lower loan-to-value ratios and rises in interest rates for investors and for interest-only loans have reduced investors’ ability to borrow and bid up prices for dwellings on the market,” he said. 
“This has caused prices to ease as Sydney prices revert to a level that is more affordable under these conditions.” 
Owner occupier demand remains elevated, with first home buyer demand particularly strong in response to State Government stamp duty exemptions.
 However, owner occupier demand appears to have topped out, and with tight lending conditions expected to continue to discourage investors, overall demand will fall, with the median house price also forecast to fall by two per cent in 2018/19. 
Rising new dwelling completions will see the erosion of some of Sydney’s dwelling deficiency, although the market is likely to remain undersupplied which will prevent larger falls in prices.
 
 
 
</div>
</div>
</div>
</body></html>

jrobinson-rf4aSBido9

Sydney house prices to fall 8 percent from 2017 peak: BIS Sydney forecast

<html><body>
The latest release from CoreLogic suggests Sydney's auction clearance rate dropped in to the 40 percent bracket last weekend.
Preliminary statistics suggested they achieved a 55.8 percent clearance rate.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/cap-final.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/22/cap-final.jpg" alt="">
Brisbane also well below its initial results in to the 30s (below).
Adelaide's strong 72 percent clearance rate dropped two brackets in to the high 50s.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/18/cap-june18.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/18/cap-june18.jpg" alt="">
It was small spaces that were the headline at last weekends auctions.
A small one bedder at Kirribilli fetched $1.875 million.
This weekend national auction volume numbers are down considerably, while Victoria has the three busiest suburbs.
Clearance rates continue to nosedive and are reaching levels they haven't dropped to since 2012.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/CLEARANCE.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/22/CLEARANCE.jpg" alt="">
</body></html>

Sydney clearance rate dropped into the 40s last weekend

<html><body><div class="page" title="Page 7">
<div class="section">
<div class="layoutArea">
<div>
Sydney's upper North Shore and Hills District has seen a number of strong results over the last 12 months, according to valuation firm Herron Todd White.
"When most people think prestige property their attention is always drawn to the eastern suburbs or lower north shore of Sydney," HTW's latest housing report suggested.
They said that while the wider market has begun to cool, there are still cashed up buyers hunting for prime real estate.
A Dural home fetched $8.8 million last year, a record for the area.
The property at <a href="https://www.realestate.com.au/sold/property-house-nsw-dural-124185582" target="_blank">654 Old Northern Road</a> (above) has eight bedrooms and 10 bathrooms.
It sits in over two hectares of landscaped grounds featuring a swimming pool, tennis court and district views. 
</div>
<div class="column">
HTW did cite the difficulty to sell property at that price, with it taking over a year to sell.
They said the length of the marketing campaign was not unusual for homes of this calibre.
"It highlights the difficulties in selling property at this price point, because if you have circa $9 million to spend in this area you are able to purchase an older home, knock down and rebuild your home to your preferred design and specifications," the report said.
<div title="Page 7">
<div>
<div>
<div>
"The prestige market can be a little fickle at times due to the limited stock available of high calibre property and the length of time taken finding the right buyer at the right time."
Herron Todd White said they find that the biggest home in the suburb is not always the best.
"What appeals to the north shore market may not appeal to the acreage market," they said.
"Transactions at this level of the market are often dependant on personal preferences, what appeals to one buyer at this end of the market, may not appeal to the next.
</div>
</div>
</div>
</div>
There are always exceptions to the rule, an example includes a property in Wahroonga selling for $7,800,000 in October 2017 after only 11 days on the market.
"This highlights that if a property ticks all of the boxes for the area then they have the ability to get snapped up quite quickly," HTW said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/3%20stuart%20st.jpg" alt="">
The renovated family home (below) with pool and tennis court sits on half an acre of landscaped grounds.
The home at <a href="https://www.realestate.com.au/sold/property-house-nsw-wahroonga-126632698" target="_blank">3 Stuart Street</a> has with five bedrooms, open plan living and casual meals, separate banquet-sized formal dining, and multiple alfresco areas.
 
</div>
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Strength in the prestige market north of Sydney 

<html><body>
<div class="page" title="Page 6">
<div class="layoutArea">
<div class="column">
Ryde and Sydney's inner city suburbs are set to be the hardest hit in the housing downturn, according to Moody Analytics CoreLogic's Hedonic Home Value Index. 
After experiencing a 15.6 percent increase in house value in 2017, Ryde has a forecasted median house price drop of 9.2 percent.
The value drop is expected to carry on in to 2019, with declines of just over three percent predicted.
Sydney city and inner south suburbs, which have seen house value increases of over 70 percent since 2013, saw nearly the same percentage of house value increase as Ryde last year.
The house values are expected to drop 8.7 percent this year.
Unlike Ryde however, the house values in the city and inner south suburbs are expected to rebound in 2019, with a predicted jump back of 7.6 percent.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/21/NSW-FORECASTS.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/21/NSW-FORECASTS.jpg" alt="">
CoreLogic's latest release suggests the Sydney housing market 'remains in a funk.'
The dwelling price drop in April was a ninth consecutive month of falls.
The prior upward cycle began around 2013, and from there to mid-2017 dwelling values across Greater Sydney increased 70%, according to the CoreLogic Hedonic Home Value Index. Since then, values have declined 4.2%. 
The strong dwelling price growth was borne out of the upbeat state of the economy, low unemployment figures, public infrastructure investment and the prevalence of interest-sensitive industries such as hospitality and construction.
Incomes in NSW have grown faster than the national average and underpin some of the recent gains in home values (see below). 
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/21/chart11.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/21/chart11.jpg" alt="">
However, housing values have grown even faster and thus are overvalued relative to equilibrium value.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/21/chart12.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/21/chart12.jpg" alt="">
CoreLogic expect house prices across Greater Sydney to fall by 4.7% y/y in 2018, after a 12.8% gain in 2017.
They expect apartments to also slow but not as sharply, with a 0.6% y/y expansion expected in 4 2018, from the 9.8% growth in 2017.
<div class="page" title="Page 6">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 7">
<div class="layoutArea">
<div class="column">
By 2019, the correction is expected to have largely passed, with house and apartment values forecast to increase by 0.9% and 2.2. 
Apartment values in Sydney have not experienced the same degree of growth as houses in recent years, and so are not expected to correct as sharply over 2018. 
Historically, apartment values are less volatile than houses. 
Supply constraints factor heavily in Sydney’s housing market and contributed to the strong runup in prices in prior years. 
A high level of supply has now come on line for apartments in the inner city and surrounding areas as well as dwellings in suburban areas via land releases and removing some development restrictions. This will contribute to the forecast price slowdown in 2018. 
<div class="page" title="Page 7">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 7">
<div class="layoutArea">
<div class="column">
Outside Sydney, the story of the housing markets in rest of the New South Wales is a little different.
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/21/rest-of-nsw-houses.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/21/rest-of-nsw-houses.jpg" alt="">
As potential homebuyers’ incomes have not kept pace with the Sydney housing market, demand for areas outside Sydney has risen, as affordability is better.
This is especially so for areas such as the Central Coast, where house values are forecast to grow 4.3% in 2018, after a 13.4% increase in 2017.
Illawarra and Newcastle and Lake Macquarie areas have a similar story. Robust local economic conditions are driving house values in these areas
<div class="page" title="Page 7">
<div class="layoutArea">
<div class="column">
However, regional areas farther away from Sydney where population growth is slower and supply constraints are reduced, such as New England and North West or Hunter Valley, have lagged. 
House values in New England and North West grew a tamer 1% in 2016 and in 2017 and are forecast to increase 5.5% in 2018 and 4.5% in 2019.
Melbourne's biggest drops are predicted to be in the inner south, while Brisbane has seen off the worst of its price falls.
Nationally there's set to be a cool, but no crash.
</div>
</div>
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
 
</div>
</div>
</div>
 
</body></html>

Ryde and Inner city Sydney values to be hardest hit: Moody's Analytics 

<html><body>
Only last week Apartments.com.au <a href="/news/two-fresh-hotel-applications-enter-the-sydney-spotlight">highlighted</a> two new hotel-based proposals for Sydney.

The dose has been repeated this week with two additional new hotel developments also intending to make their mark on the Harbour City. In addition to an application within inner city Haymarket, a new application has also emerged adjacent to the Westmead medical precinct.

Closer to the CBD, a $50 million development bid was lodged during May for the purposes of replacing a Haymarket car park with a 15 storey hotel. InterContinental Hotels Group revealed its intentions for the site at the turn of April, nominating Hotel Indigo as the operator of choice for the complex.

<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/image21_17.jpg" rel="gallery-all" title="Hay Street perspective. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="738" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image21_17.jpg?itok=GbfPrOTG" title="Hay Street perspective. Planning image: Bates Smart" width="580"></a>

<figcaption>Hay Street perspective. Planning image: Bates Smart</figcaption></figure>Garden Development No. 1 Pty Ltd is backing the Bates Smart-designed tower which would cantilever over the existing and historically delicate Corporation Building. The new hotel scheme replaces approved plans for a student accommodation tower which was to have included 160 rooms.

Instead, the project is now slated to include 168 hotel rooms plus a café/bar, gym and rooftop terrace.

The hotel is expected to benefit from an ongoing relationship with Gallery 4A which occupies the Corporation Building, resulting in a rotating art display on the hotel's soffit which would be visible from surrounding streets.

<blockquote>
The soffit of the cantilever is celebrated as a canvas, a large-scale piece of urban art visible from surrounding streets, enhancing the entertainment precincts liveliness. This is public art as Urban Theatre.
</blockquote>

<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/image22_15.jpg" rel="gallery-all" title="Street level interface. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="423" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image22_15.jpg?itok=NG2g-VU0" title="Street level interface. Planning image: Bates Smart" width="580"></a>

<figcaption>Street level interface. Planning image: Bates Smart</figcaption></figure>Meanwhile, plans for a substantial mixed-use tower were lodged earlier this month for a site opposite Westmead Railway Station and in close proximity to the Westmead medical precinct.

Hovey Urbis Pty Ltd intends to clear 24-26 Railway Parade in order to deliver a 16 level tower consisting primarily of 97 hotel rooms. 33 apartments and 112 car parking spaces within a 4 level basement are also included within the Sissons Architects-designed project.

The tower's top six levels are dedicated toward private apartments, with the lower levels absorbing the hotel accommodation. Underlining the mixed-use nature of the project is a supermarket, gym, tavern and medical centre which are located within the podium.

Few exceptions aside, the bulk of hotel accommodation servicing the Westmead area is based in neighbouring Parramatta. Hovey Urbis Pty Ltd will invariably be looking to tap into the medical related short term accommodation market.

<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/image23_11.jpg" rel="gallery-all" title="Westmead's latest proposal. Planning image: Sissions"><img alt="" class="image-article-full-width-580px" height="758" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image23_11.jpg?itok=2QR5kBKn" title="Westmead's latest proposal. Planning image: Sissions" width="580"></a>

<figcaption>Westmead's latest proposal. Planning image: Sissons</figcaption></figure>
</body></html>

silvermb

Sydney reloads for two additional hotel projects

<html><body>
W Hotels is coming to Sydney, with completion slated for the luxury hotel at Darling Harbour in 2020.
W Sydney will feature 593 guest rooms, suites and serviced apartments, with a rooftop pool deck dubbed the 'Wet Deck' offering city skyline views.
The hotel will be built and developed by Grocon and funded by Greaton Group and is part of The Ribbon development designed by architect Hassel. 
W Hotels Worldwide global brand leader Anthony Ingham said Sydney is a perfect match for W Hotels.
“Sydney – with its glamorous energy, cultural diversity and statement architecture – is the perfect match for W Hotels."
 “Wherever my travels take me, I am asked again and again when W is returning to Sydney, and I am thrilled to finally be able to answer the question. 
"With the long-awaited return of the W brand in Sydney, Australia will now have three W hotels, along with W Brisbane and W Melbourne – demonstrating just how important and exciting this continent is for global travel.”
There will be a restaurant, two bar and the brand's signature Living Room and AWAY spa, as well as a state of the art FIT gym, and 925 sqm of event space including a grand ballroom.
Marriott International senior director of hotel development Richard Crawford said they are excited to have found the right location and partner who shares their vision. 
“The boundary breaking approach to luxury from W Hotels is a worldwide phenomenon, and there is no better city than Sydney to shake off convention and shake up the way it’s always been done.
"The property will be a game-changer for Sydney and an absolute market leader when it comes to luxury hotels in the city.”
 W Brisbane open in June and W Melbourne is also set for completion in 2020. W Hotels are targeting 75 hotels across the world by the end of 2020.
W Sydney is part of Marriott International's expanding Australian portfolio which currently stands at 18. 
The Ritz-Carlton Melbourne, The Ritz-Calrton Perth and The Tasman, a luxury collection hotel in Hobart, are all under development.
The first Marriott in 20 years is being built in Melbourne's Docklands and is being described as Melbourne's new home of five star living.
Castran Gilbert, who are marketing the apartments, have a <a href="https://www.propertyobserver.com.au/component/content/article?id=82173" target="_blank">free ebook</a> on property investment tips in Melbourne.
 
 
 
</body></html>

Sydney set to welcome W Hotels in 2020

<html><body>
The Sydney office market is experiencing increased demand for non-traditional and traditional office space, according to the latest report from Herron Todd White (HTW).
The office market in Sydney has grown over the last 12 months as a result of increased demand for good investment assets, growth in rental income, stock reduction and generally lower vacancy rate, said the report. 
The valuation firms suggests large amounts of office stock have been removed either temporarily or permanently from the market.
The main reasons being residential conversions and redevelopment in the inner city.
Office stock withdrawals are set to outweigh new supply over the next 24 months, it forecast.
There has been an accompanying uplift in prices, an increase in rentals and a tightening of yields over the past 18 months in the North Western office markets, such as Chatswood, Macquarie Park and Norwest as well as other key office locations such as North Sydney (above) and Parramatta. 
Demand remains strong for good quality office space in the North Western office markets.
There is new development is centred around Parramatta, Norwest and Macquarie Park with improvements in infrastructure and continued growth of demand driving the market.
These areas have substantial new office developments underway or in the planning stages meaning more offices will be on the market from next year onwards.
Opportunities in emerging office markets also exist in other areas of Sydney.
The commercial centre of Liverpool is thought to be benefiting from the continued residential development in the southwest, proposed construction of the Badgerys Creek Airport and the extension of the Sydney Metro.
Areas that remain in demand and popular with owner occupiers and tenants are the inner city and city fringe areas such as Surry Hills, Alexandria, Woolloomooloo and Pyrmont.
The update concluded the outlook for Sydney’s office market looked "positive" for 2018 as demand continues to drive the market for both traditional type offices and more non-traditional options.
</body></html>

Sydney office stock shrinking under increased demand: HTW 

With Apartments.com.au&#39;s Project Database now being expanded to encompass all of Australia, and more national content appearing on the site, it seemed like a good opportunity to highlight the country&#39;s future top 10 tallest skyscrapers on the horizon, not including those already completed.

<h2>#1. Southbank by Beulah (Residential Tower) I Melbourne&nbsp;I 356.2M</h2>

Green Spine, know known as Soutbank by Beulah having been taken over by the Melbourne developer Beulah, will be&nbsp;designed by&nbsp;<a href="/architects/cox-architecture">Cox Architecture</a>&nbsp;and is&nbsp;planned to be the tallest skyscraper in the Southern Hemisphere. The tower was the winner of <a href="/developers/beulah">Beulah International</a>&rsquo;s international competition for a $2 billion development in Melbourne&rsquo;s <a href="/new-apartments/southbank-vic-3006">Southbank</a>.&nbsp;

[smartcode_project:default project_id=8804]

&nbsp;

<h2>#2. Magic Tower&nbsp;I Melbourne&nbsp;I 60- storeys&nbsp;I 330M</h2>

The Magic Tower is a slender skyscraper designed by <a href="/architects/decibel-architecture">Decibel Architecture</a> in partnership with Royal Society of Victoria. The residential tower will be located in the north eastern corner of Hoddle Grid.

<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/magic_11.jpg" rel="gallery-all" title="If to be built Magic Tower will be the tallest tower for it's width in Melbourne. Image: Decibel Architecture"><img alt="" class="image-article-full-width-580px" height="714" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/magic_11.jpg?itok=__Rf7Zwf" title="If to be built Magic Tower will be the tallest tower for it's width in Melbourne. Image: Decibel Architecture" width="580" /></a>

<figcaption>If to be built Magic Tower will be the tallest tower for it&#39;s width in Melbourne. Image: Decibel Architecture</figcaption>
</figure>

&nbsp;

<h2>#3. Orion Towers (South Tower) |&nbsp;Gold Coast | 103-storeys | 328m</h2>

<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/orion_towers.jpg" rel="gallery-all" title="Orion Towers' South Tower would become the tallest in Australia. Image: Woods Bagot"><img alt="" class="image-article-full-width-580px" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/orion_towers.jpg?itok=rtzkSomr" style="width: 580px; height: 327px;" title="Orion Towers' South Tower would become the tallest in Australia. Image: Woods Bagot" /></a>

<figcaption>Orion Towers&#39; South Tower would become the tallest in Australia. Image: Woods Bagot</figcaption>
</figure>

The $1.2b twin-tower development in Surfers Paradise known as <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">Orion Towers</a> will soar 103 storeys high for a total height of 328m, inching out Melbourne&#39;s One Queensbridge by 5m. The development will also feature Australia&rsquo;s highest observation restaurant on level 101 offering 360-degree views.

The tower is anticipated to be completed by 2027.

[smartcode_project:default project_id=8887]

&nbsp;

<h2>#4. One Queensbridge |&nbsp;Melbourne | 90-storeys | 323m</h2>

<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/qbt.jpg" rel="gallery-all" title="One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello"><img alt="" class="image-article-full-width-580px" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/qbt.jpg?itok=DqCq-D0j" style="width: 580px; height: 396px;" title="One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello" /></a>

<figcaption>One Queensbridge should it proceed, would eclipse Australia 108. Image: Schiavello</figcaption>
</figure>

<a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank">One Queensbridge</a> should it proceed, would eclipse Australia 108. It will be a JV between Crown Resorts and <a href="/developers/schiavello">Schiavello</a>. <a href="https://www.theage.com.au/business/companies/packer-s-plans-uncertain-on-australia-s-tallest-building-20180525-p4zhhz">The Age reported</a>&nbsp;in May of last year that as part of the approval, a deadline for February 2019 had been set to commence construction of the project.

The Wilkinson Eyre designed goliath is yet to commence, as it is currently undergoing construction delays due to being unable to obtain government approval for alterations.

[smartcode_project:default project_id=245]

&nbsp;

<h2>#5. Australia 108 | Melbourne | 100-storeys | 317m</h2>

<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/aus108_1.jpg" rel="gallery-all" title="Australia 108 races along to its title of Melbourne's tallest. Images (L-R): FK | Mark Baljak"><img alt="" class="image-article-full-width-580px" height="265" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/aus108_1.jpg?itok=diMxAs9s" title="Australia 108 races along to its title of Melbourne's tallest. Images (L-R): FK | Mark Baljak" width="580" /></a>

<figcaption>Australia 108 races along to its title of Melbourne&#39;s tallest. Images (L-R): FK | Mark Baljak</figcaption>
</figure>

<a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> is to rise opposite it&rsquo;s sister tower, Eureka.

[smartcode_project:default project_id=582]

This time last year, Australia 108&#39;s core reached level 60 with the floorplates well over the halfway mark. This also coincided with the first residents beginning to move in on levels 14 and 30 as part of the completion of stage 1.

The tower is still presently undergoing construction, with more residents being able to move in from 2020.

&nbsp;

<h2>#6. Spirit | Gold Coast | 89-storeys | 298m</h2>

<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/spirit_gc.jpg" rel="gallery-all" title="Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/spirit_gc.jpg?itok=BpZZiGBR" title="Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings" width="580" /></a>

<figcaption>Spirit on the Gold Coast will launch to the market next month. Image: Forise Holdings</figcaption>
</figure>

Designed by <a href="/architects/dbi">DBI Design</a> who have previously designed other notable towers on the Gold Coast such as Oracle, <a href="/buildings/jewel-residences-surfers-paradise-36-old-burleigh-road-surfers-paradise">Jewel</a>, SOUL Tower and The Wave, Spirit was to have been the tallest building to roof in Surfers Paradise prior to Orion Towers&#39; entry onto the list.

The design features a dramatic wave across its facade similar to The Wave, but on a grander scale. The current proposal replaces an earlier scheme for Iluka Tower, following Forise Holdings purchase of the site in 2015.

This tower is in the early stages of construction.

[smartcode_project:default project_id=8128]

[smartcode_project:default project_id=93998]

[smartcode_project:default project_id=8843]

[smartcode_project:default project_id=8887]

[smartcode_project:default project_id=6207]

<h2>&nbsp;</h2>

<h2>#7. Cienna Square Tower II | Gold Coast | 88-storeys | 280m</h2>

<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/cienna_square.jpg" rel="gallery-all" title="Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design"><img alt="" class="image-article-full-width-580px" height="580" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/cienna_square.jpg?itok=VhFJsHIh" title="Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design" width="580" /></a>

<figcaption>Cienna Square will be developed on the site of the former Regent Cinema. Image: DBI Design</figcaption>
</figure>

Cienna Square will be developed on the site of the former Regent Cinema. DBI Design&#39;s second entry on the list is for a dual tower on the Southport site of the former Regent Cinema, which has remained empty since it was cleared to pave way for a now unbuilt scheme back in 1989.

Cienna Square received preliminary approval back in April 2016.

&nbsp;

<h2>#8. Crown Sydney Hotel &amp; Resort | Sydney | 75-storeys | 271m</h2>

<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/crown_sydney.jpg" rel="gallery-all" title="Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/crown_sydney.jpg?itok=rF1VRZYX" title="Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre" width="580" /></a>

<figcaption>Crown Sydney Hotel and Resort will be built within Barangaroo. Image: Wilkinson Eyre</figcaption>
</figure>

Crown Sydney Hotel and Resort will be built within Barangaroo.

Crown Resorts&#39; second tower on the list sees it once again collaborating with architects Wilkinson Eyre on what is set to become Sydney&#39;s tallest building, capping off the Barangaroo development.

The tower is expected to be completed in the first half of 2021.

&nbsp;

<h2>#9. Brisbane Skytower | Brisbane | 90-storeys | 270m</h2>

<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/brisbane_skytower.jpg" rel="gallery-all" title="Brisbane's under construction Skytower. Image (L-R): Billbergia | Ozscrapers member fyturis "><img alt="" class="image-article-full-width-580px" height="304" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/brisbane_skytower.jpg?itok=dsSud53R" title="Brisbane's under construction Skytower. Image (L-R): Billbergia | Ozscrapers member fyturis " width="580" /></a>

<figcaption>Brisbane&#39;s under construction Skytower. Images (L-R): Billbergia | Ozscrapers member fyturis</figcaption>
</figure>

Brisbane&#39;s recently completed <a href="/buildings/brisbane-skytower-222-margaret-street-brisbane">Skytower</a>. <a href="/developers/billbergia">Billbergia</a> and <a href="/developers/amp-capital">AMP Capital&#39;s</a> joint venture project, Skytower is Brisbane&#39;s tallest tower and bookend the southern edge of the CBD, it is located directly opposite the Botanic Gardens.

New levels have just been completed on this tower and are now selling.

[smartcode_project:default project_id=6199]

&nbsp;

<h2>#10. 240 Margaret Street |&nbsp;Brisbane | 87-storeys | 270m&nbsp;</h2>

<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/240_margefrom-kp.jpg" rel="gallery-all" title="240 Margaret with the neighouring U/C Skytower. Image: World Class Land"><img alt="" class="image-article-full-width-580px" height="557" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/240_margefrom-kp.jpg?itok=bls0H2ab" title="240 Margaret with the neighouring U/C Skytower. Image: World Class Land" width="580" /></a>

<figcaption>240 Margaret with the neighouring U/C Skytower. Image: World Class Land</figcaption>
</figure>

<a href="/new-apartments/240-margaret-street-brisbane">240 Margaret</a> with the neighbouring U/C Skytower. World Class Land&#39;s second entry on the list following its Australia 108 project will reach the same height as the neighbouring Skytower development. This is the maximum height allowed in Brisbane as a result of Brisbane Airport radar shadowing issues.

The tower has been granted development approval.

[smartcode_project:default project_id=6227]

Laurence Dragomir

Top 10 (Future) Tallest Buildings in Australia

<html><body><div title="Page 1">
Investa Office Fund has secured Mills Oakley Lawyers as tenants at Barrack Place.
The firm will take 5,673sqm at 151 Clarence Street, Sydney across levels 7 to 12.
It is for an 11 year term commencing 1 January 2019.
Mills Oakley is a top 10 national law firm with offices in Melbourne, Sydney, Brisbane, Canberra and Perth.
The AFL to Mills Oakley represents 26% of the building’s Net Lettable Area on completion.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/8/INVESTA%202.jpg" alt="">
The pre-commitment at Barrack Place now stands at 83% of total NLA with a weighted average lease term of 9.8 years.
Mills Oakley will join multinational professional services firm ARUP (35% of NLA) and leading biopharmaceutical company Pfizer (21% of NLA) in this prime grade building.
Penny Ransom, IOF Fund Manager said securing a third major tenant, the calibre of Mills Oakley, was an "outstanding outcome" for the fund 
Practical completion remains on target for October this year.
</div></body></html>

Investa secure Mills Oakley Lawyers at Barrack Place

<html><body>
Keep Sydney Open is announcing its official registration as a state political party in NSW.
It will contest seats in both houses of Parliament at the 2019 NSW state election, with a focus on seats in the Legislative Council.  
Tyson Koh, spokesperson for the party, by putting lockout laws on the ballot of next year’s election, people have a real choice and a course of action to rescind these laws, wind back the ‘nanny state’ and build a 24-hour city. 
“For more than over four years, our group has represented every person who believes that lockout laws were a knee-jerk reaction. We see with our own eyes that these laws have devastated the both the night-time economy and reputation of what was once a vibrant international city.” 
The KSO campaign claims they have so far achieved: 
·        A 30-minute relaxation of lockout laws and cease of service times for music venues; 
·        A pushback of bottle shop closing times from 10pm to 11pm across NSW; 
·        A lifting of lockout laws for the Mardi Gras parade; 
·        Changes to ‘small bar’ regulations; and 
·        A turning of the state of Sydney’s nightlife into a mainstream issue. 
“We all know that Sydney is a magical place, but the magic has been missing for some time,” Koh said.
“People now recognise that the NSW Government is largely responsible for this. 
“We are the first party in NSW set up to address cultural and youth issues.
"Young people all over NSW who would ordinarily vote Liberal or Labor are looking at those parties’ policies with bewilderment. We feel cheated, and being locked out of social spaces as well as the housing market has led to a generation of disillusioned young adults," he said.
</body></html>

Sydney

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sydney

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News