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.

Joel Robinson

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

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Victoria

<html><body>
GUEST OBSERVATION
Victorians will soon go to the polls to decide who will be responsible for the management of the state for the next four years. Voters are confronted with many issues on which they must pass judgement, with roads, railways and ports all prominent in the debate. But what are the key characteristics of the Victorian economy?
Economic modelling at Victoria University’s Centre of Policy Studies tells us about the types of jobs Victorians can expect to be doing over the next few years. The Victorian economy employs around 2.9 million people. In line with growth in both the population and the economy, this is set to increase by around 300,000 people by 2020.
<h3>Which industries are winning</h3>
In Victoria, as in Australia as a whole, the vast majority of jobs are in the service industries. This is a diverse group of industries including (but not limited to) retail trade, health and social assistance, professional and technical services, transport and warehousing and public administration and safety. The non-service industries – agriculture, mining, manufacturing, utilities and construction – comprise just below 23% of jobs in Victoria. For the remainder of this decade, the proportion of jobs in service industries will increase only slightly, to almost 78% of jobs by 2020.
At a more detailed level, greater change is revealed. As the construction phase of the mining boom draws to an end, employment in the construction industry will fall from its present level of 8.5% of jobs to just 7% of jobs in 2020. This partly reflects the transitory impact the mining boom has had on the construction sector. The “release” of many construction workers into the economy over the next couple of years could be a boon to major government-backed infrastructure projects.
Construction is the only sector in which employment is forecast to fall. Manufacturing, agriculture and transport and warehousing are forecast to expand, more than compensating for the fall in construction activity. These sectors have a similar skills profile to construction, employing relatively large proportions of workers with no post-school qualifications or Certificate I-IV level qualifications.
<h3>Manufacturing surprise</h3>
The positive forecast for manufacturing may seem surprising, given the high-profile announcements of closures of the last motor vehicle manufacturing plants in Victoria. Manufacturing in Victoria employs around 270,000 people, of which 10% work in the motor vehicle and parts sector.
On the whole, manufacturing is a very trade-exposed activity. Products are either exported (for example, processed food products, wine and pharmaceuticals) or they compete against imports in the domestic market (for example, textiles, pharmaceuticals, motor vehicles and various types of appliances). Because of this, movements in the exchange rate have a very significant impact on manufacturing. Throughout the “boom” years, with the exchange rate very high, manufacturing has been uncompetitive, a phenomenon known as “Dutch Disease”. Motor vehicle manufacturing has been a conspicuous casualty.
<a href="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/65351/area14mp/image-20141124-19612-16ii7uc.png"><img src="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/65351/width668/image-20141124-19612-16ii7uc.png" alt=""></a>
As the boom unwinds, the effects of Dutch Disease will also unwind. A large fall in the Australian dollar will revive the competitiveness of manufacturing, more than compensating for the loss of the motor vehicle plants. Export-oriented sectors like agriculture and education will also benefit from a fall in the Australian dollar.
The professional and technical services sector is forecast to expand the most, gaining 44,000 jobs by 2020. This sector includes activities such as legal and accounting services, architectural, engineering and technical services, and computer services.
Almost half of all people working in professional and technical services hold a bachelor degree or higher qualification. By 2020, this is estimated to have grown to 53% of people working in the sector. In Victoria as a whole, 28% of people employed hold at least a bachelor degree.
Another significant source of employment growth is the health and social assistance sector. Although only <a href="https://theconversation.com/australias-g20-growth-challenge-protecting-our-standard-of-living-33837" target="_blank">weak growth is forecast for domestic incomes</a>, leading to weak growth in domestic demand, health and social assistance is a significant expenditure item for older Australians. While the average household spends just over 5% of their budget on medical care and health expenses, households where the reference person is aged over 65 spend almost 10%. Government spending on health care will also increase as the population ages.
This article continues on the next page. Please click below.
<hr class="system-pagebreak">
<h3>State of the regions</h3>
Melbourne accounts for 75% of employment in Victoria. Two-thirds of growth in Melbourne will be concentrated in five sectors: professional and technical services, manufacturing, health and social assistance, transport and warehousing, and education and training.
Differences in the underlying structures of regional economies mean that overall performance is varied.
For example, in Barwon, an area including the regional city of Geelong, the manufacturing sector has a relatively large representation of motor vehicle manufacturing. As a result, Barwon’s manufacturing sector is forecast to grow more slowly than the state average, and Barwon is forecast to be the slowest-growing regional economy. However, for the reasons given above, growth is still positive in Barwon manufacturing.
Strong forecast growth in the agriculture sector is the main contributor to growth in several regional economies. In the Wimmera, Western Districts, the Mallee, Goulbourn, East Gippsland, Gippsland and Ovens-Murray, growth in agriculture will contribute between 20% and 50% of regional employment growth.
In the Wimmera, the Mallee and the Western Districts, the agriculture sector currently accounts for a fifth of jobs. However, the Wimmera and the Western Districts are the regions with the highest forecast growth rates, while the Mallee is one of the slowest. Although all agricultural economies, the nature of agriculture in these regions is quite different. The strongly growing agricultural activities sheep, beef, grains and dairy are well represented in the Wimmera and Western Districts. However, Mallee agriculture includes a sizable portion of fruit growing, an activity with a relatively low growth forecast.
<a href="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/65326/area14mp/image-20141124-19627-10m4ak0.png"><img src="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/65326/width668/image-20141124-19627-10m4ak0.png" alt=""></a>
Agriculture is relatively less important in the economies of the Central Highlands (including Ballarat) and Loddon (including Bendigo). While agriculture will account for around 10% of employment growth in these regions, health, education and manufacturing are forecast to be of greater significance, accounting for around 40% of growth in employment.
<img src="https://counter.theconversation.edu.au/content/33831/count.gif" alt="The Conversation" width="1" height="1">Janine Dixon is senior research fellow at <a href="https://www.vu.edu.au/" target="_blank" style="line-height: 1.3em;">Victoria University</a>.
This article was originally published on <a href="https://theconversation.com">The Conversation</a>.
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JanineDixon-cHemc6fRVX

Victoria votes: Where will the growth and jobs of the future be?

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Apartments aren’t always a cheap alternative to a home, and in recent years beautiful prestige developments have been built across Australia – many even spanning the size of a standard detached house.
Looking to CoreLogic RP Data’s statistics, 12 Melbourne suburbs emerged with median apartment prices above $700,000.
Here are the 12 that made the list (with sufficient volume to be meaningful).
<ol>
<li>
<a href="/news">Albert Park</a> $863,000 
</li>
<li>
<a href="/news">Balwyn North</a> $829,000 
</li>
<li>
<a href="/news">Brighton</a> $817,000 
</li>
<li>
<a href="/news">Brighton East</a> $804,000 
</li>
<li>
<a href="/news">Mont Albert North</a> $775,000 
</li>
<li>
<a href="/news">Toorak</a> $768,000 
</li>
<li>
<a href="/news">Canterbury</a> $750,000 
</li>
<li>
<a href="/news">Kew East</a> $749,000 
</li>
<li>
<a href="/news">Ashburton</a> $731,000 
</li>
<li>
<a href="/news">Beaumaris</a> $720,000 
</li>
<li>
<a href="/news">Port Melbourne</a> $715,000 
</li>
<li>
<a href="/news">Caulfield South</a> $708,000</li>
</ol>
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jduke-EHk3XBmHkn

The 12 priciest suburbs to buy an apartment in Victoria

<html><body>
Bloomdale at Diggers Rest is the long-term project of development company Investa Land, with 3,500 lots in total to be built.
Given that as of the 2011 Census the population of Diggers Rest was at 2,275, it’s clear that this will be the development that puts the area on the map.
The project is <a href="/news/vic/big-plans-for-diggers-rest">a 15-year plan for the area, a slow and steady house and land sales effort </a>that won’t change the suburb overnight.
Currently, almost all the properties on listings websites are for new builds, house and land, or land on its own. The established properties on the market tend to be larger, or acreage blocks.
<a href="https://www.bloomdale.com.au/" target="_blank">Bloomdale</a> properties are priced from $161,900 for land and house and land from $322,000, with blocks spanning 336 square metres to 626 square metres.
It quickly emerges that Investa isn’t the only development group trying their hand in the area, although it seems they are by far the largest.
<a href="https://stivesestate.com.au/" target="_blank">St Ives</a>, a development from Core Projects, has recently been launched. Stage one includes 420 square metre lots to 676 square metres from $200,000 at 1468 Old Calder Highway. Their 300 lots have a completion expectation of December 2018.
Property Observer went to Bloomdale to speak to Paul O’Brien, general manager at Investa Land about the development and what can be expected for the future on the often-forgotten north western side of Melbourne.
{qtube vid:=u5itbp9a81I}
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Video: The emerging north-west Melbourne suburb of Diggers Rest

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When purchasing an investment apartment, it's not uncommon for rental yield and cash flow to be on the list of "top concerns" for the buyer.
Apartments can provide decent cash flow in some locations, usually at a lower price point than for a house in the same area.
Looking to the latest available list of RP Data's suburb statistics, Property Observer found Victoria's highest yielding suburbs and how far from Melbourne's CBD you have to go to find them.
These 12 suburbs range from 6% rental yield upwards from as close as 22 kilometres from the CBD.
Click on the suburb name to go to a more in depth data page:
<ul>
<li><a href="/news">Meadow Heights</a></li>
</ul>
6.01%
22 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Truganina</a></li>
</ul>
6.10%
24 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Melton</a></li>
</ul>
6.29%
45 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Melton South</a></li>
</ul>
6.12%
46 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Cranbourne West</a></li>
</ul>
7.28%
50 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Alfredton</a></li>
</ul>
7.08%
120 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Inverloch</a></li>
</ul>
18.20%
147 kilometres from Melbourne CBD
Note: This statistical anomaly is due to the area’s high frequency of holiday home rentals. Many ask in excess of $2,500 per week for tightly held beach retreat units, while the apartment properties that hit the market regularly tend to be small two or three bedroom offering around the $180,000 to $350,000 mark. It’s unlikely this type of yield is realistically attainable.
<ul>
<li><a href="/news">Yarrawonga</a></li>
</ul>
6.21%
275 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Horsham</a></li>
</ul>
6.43%
300 kilometres from Melbourne CBD
<ul>
<li><a href="/news">West Wodonga</a></li>
</ul>
6.00%
321 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Wodonga</a></li>
</ul>
6.20%
322 kilometres from Melbourne CBD
<ul>
<li><a href="/news">Mildura</a></li>
</ul>
6.23%
542 kilometres from Melbourne CBD
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The 12 highest yielding unit suburbs in Victoria

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Paul Nugent from Wakelin Property Advisory recently sought out SongBowden Planning’s Daniel Bowden to ask how Victoria's new planning zones affect property owners.
Bowden explained that the planning process is really about outcomes, and the primary change for residential property owners and investors has been the introduction of three zones.
These are the three zones:
<ol>
<li>
Neighbourhood Residential Zone 
</li>
<li>
General Residential Zone 
</li>
<li>Residential Growth Zone</li>
</ol>
He explains that it’s best to consider them like traffic lights in terms of how development will be accepted in those areas – that is, the Neighbourhood Residential Zone is a red light, the General Residential Zone is an orange light and the Residential Growth Zone is a green light.
For those in a Neighbourhood Residential Zone, the aim is to limit change and respect character.
For the General Residential Zone it’s to develop where appropriate and have some opportunity for development that’s not too intense.
In the Residential Growth Zones it’s about looking beyond character and maximising development opportunities.
“Developers are looking for sites in these growth zones and steering away from areas where it’s suggested to not be appropriate anymore,” said Bowden.
He explained that the controls do appear to protect residents from big development from happening next door to them in the “red” areas. However, if you own property in an area promoted for development, then your expectations are going to possibly need to change as a large development may occur next to you.
You can see their full thoughts in the video below.
{qtube vid:=R3qWakcq18o}
{mijopolls 63}
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Victoria’s three planning zones and how they affect you

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Lake Marmal Vineyards in central Victoria has been listed for sale.
Situated between Charlton and Boort, the 298 hectare property comprises a 172 hectare vineyard established in 1998.
The vineyard is planted to Shiraz (67%) and Cabernet Sauvignon (27%) varieties, with the remainder comprising some minor plantings of Durif, Mourvedre and Sangiovese.
It has a current grape supply agreement in place until 2018 with one of Australia’s largest wine producers.
CBRE Agribusiness agents Chris Holgar, James Beer and Phil Schell have been appointed to sell the central Victoria vineyard taking offers until 16 December.
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Central Victoria's Lake Marmal Vineyards for sale

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The restaurant, bar and entertainment venue Wellers of Kangaroo Ground, at the gateway to Victoria's Yarra Valley, has been sold.
Fitzroys, in conjunction with local agency Morrison Kleeman, secured $1.675 million.
The 8,760 square metre property was sold with a new 10-year lease to Wellers, which dates back to 1872.
The property returns $145,000 per annum net, with the price paid reflecting a yield of 8.6%. 
Fitzroy selling agent Dean Alexander, a local resident, said interest from the property came from overseas buyers. However, the purchaser was a consortium of local investors.
<img src="/images/2014/11/12/2.jpg" alt="">
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Wellers, Kangaroo Ground property sold with leaseback

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Victorian politicians' $136 million of property: What hope is there of housing policy reform?

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The Victorian Civil and Administrative Tribunal (VCAT) have suspended a Langwarrin real estate agent for failing to exert adequate control over her agency.
Gayle Stewart’s real estate licence has been suspended until January 2015 after she failed in a number of her duties as officer in effective control of 11th Empire Pty Ltd, trading as LJ Hooker Langwarrin.
The company traded from mid-2012 to February 2014.
Consumer Affairs Victoria suspended Stewart and 11th Empire in July 2013, before filing VCAT proceedings.
VCAT suspended Stewart for a further nine months. In total, Stewart's licence will was suspended for a total of 18 months.
The company went into liquidation after their licences were suspended.
Stewart was found to have failed to supervise the agency business, which she was responsible for, as well as failed to establish procedures to ensure that business was done legally and with good practice and to monitor the business to ensure compliance.
Stewart did not make proper enquiries. For instance, when co-signing cheques to a value of more than $100,000 from the agency’s general account, even when she doubted the honesty of the person receiving the funds.
She had also signed cheques after funds were incorrectly put into the general account, rather than the agency’s trust account. While she did not know this at the time, she was told she should have conducted further enquiries. Stewart was also reprimanded for failing to control the real estate agency.
VCAT warned that the officer in effective control’s role is pivotal to protect the public. Those in this role who are not in effective control should resign, even when acting honestly.
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Victorian agent suspended for failing to control agency

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Muntham Station, between Coleraine and Casterton, first settled by the Henty family, has been listed for sale by the Oldham family.
It is listed through <a href="https://www.eldersrealestate.com.au/rural/buy/property-grazing-vic-hamilton-595166" target="_blank">Elders</a> agent Shane McIntrye for November 14 expressions of interest.
<a href="https://www.munthamstation.com" target="_blank">The property</a> in the Western District of Victoria, was dubbed by NSW Surveyor General Major Thomas Mitchell as 'Australia Felix' in 1836.
In 1836 Mitchell recommended the Hentys travel inland from Portland to see for themselves and soon after they settled at Muntham and neighbouring Merino Downs and Sandford.
The Henty family had left England several years earlier given poor prospects after the Napoleonic wars persuaded Thomas Henty to sell his Sussex farm and begin a new life with his wife, daughter, seven sons and a flock of Spanish merino sheep.
The family was granted more than 80,000 acres (32,000 hectares) on the Swan River in Western Australia and James Henty, the eldest son, sailed with stock and laborers in 1829. He failed to find good land and sailed to Launceston in 1831 where his mother, sister and four of his brothers including Edward.
Settlement in the Port Phillip District then part of New South Wales was forbidden, but Edward Henty first saw Portland Bay in April 1833 when sailing on his brother's boat, the Thistle, en route to collect whaling oil at Spencer Gulf.
The unauthorised third and last Henty migration landed on 19 November 1834.
The original section of the 1836 homestead remains one of the earliest structures in Victoria, extended in the 1850-60s, and in 1907 a kitchen wing was added. Servants rooms were also built at the rear of the house and at the turn of the twentieth century, a charming schoolhouse was erected to the rear of the main building.
It is now a beautiful, completely charming 6BR home in extensive English style gardens on Muntham Hill overlooking the Wennicot Creek.
The colonial artist Sir Thomas Clark painted the homestead in 1874.
While the original woolshed burnt down in 1920, the red brick barn, thought to have been built in the 1840s, sits at the rear of the homestead. It is believed to be the oldest brick building still standing on a farm in Victoria and is listed on the Victorian Heritage Database and by the National Trust of Victoria, who consider it culturally and architecturally significant to Victoria’s heritage.
It was modelled on English farmhouse traditions of the early nineteenth century and is more Georgian in character, typical of Tasmanian buildings of the era. 
Successive owners, the Mackinnon, Ellis, Lobb, Dickinson, Hryckow and Oldham families – have all been worthy custodians.
It now harvests olive oil from its 350-tree grove, as well as produce an enviable Pinot Noir from its boutique vineyard. The farm is currently stocking 300 Angus breeders and calves, 60 retained heifers, 12 bulls, 300 ewes and lambs, and 160 hoggets.
<img src="/images/2014/11/10/muntham%20nov%2010%20one.jpg" alt="">
Picture: Edward HENTY 1809-1878 standing on wool bales at "Muntham" Woolshed, Carapook with some of his workers in the foreground with the original HENTY plough. Source: <a href="https://www.swvic.org/" target="_blank">Glenelg &amp; Wannon Settlers &amp; Settlement</a>.
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