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>
With the vast majority of homes sold in the last financial year now settled, it is possible to calculate some of the key numbers in the Ballarat market.
Over the year a total of $639 million was spent on houses in the City of Ballarat and $68 million on units across 1,942 house sales and 281 unit sales. There were 12 million dollar house sales – the median value of a house was $301,001. The median house value rose by 7.1% compared to 7.9% in Melbourne
Largest growth in median house values by suburb:
<ul>
<li>Golden Point</li>
<li>Soldiers Hill</li>
<li>Black Hill</li>
<li>Redan</li>
<li>Mount Pleasant</li>
</ul>
Most house sales by suburb
<ul>
<li>Wendouree</li>
<li>Sebastopol</li>
<li>Alfredton</li>
<li>Ballarat East</li>
<li>Delacombe</li>
</ul>
Most expensive suburbs by median house values
<ul>
<li> Lake Wendouree</li>
<li>Lake Gardens</li>
<li>Invermay Park</li>
<li>Mount Helen</li>
<li>Buninyong</li>
</ul>
Most affordable suburbs by median house values
<ul>
<li>Sebastopol</li>
<li>Wendouree</li>
<li>Redan Mount Pleasant</li>
<li>Ballarat East</li>
</ul>
Highest spend on houses
<ul>
<li>Alfredton ($64 million)</li>
<li>Wendouree ($48 million)</li>
<li>Sebastopol ($42 million)</li>
<li>Ballarat Central ($41 million)</li>
<li>Lake Wendouree ($40 million)</li>
</ul>
Suburbs with million dollar house sales
<ul>
<li>Lake Wendouree</li>
<li>Ballarat Central</li>
<li>Newington</li>
</ul>
Suburbs with the highest proportion of houses advertised for sale:
<ul>
<li>Ballarat Central</li>
<li>Miners Rest</li>
<li>Alfredton</li>
<li>Mount Clear</li>
<li>Newington</li>
</ul>
 
 
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rlarocca-zWhvjay44N

Top 5 for Ballarat residential real estate sales during 2013-2014 financial year

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A Seddon house featured in the 1990 movie The Big Steal sold recently for $700,000.
It was where character Danny Clark, played by Ben Mendelsohn, lived in the film. 
The renovated home was marketed by Barry Plant Yarraville agents Niels Geraerts and Hayden Kay whose price guidance was around $600,000.
The three bedroom weatherboard Edwardian at <a href="https://www.reviewproperty.com.au/property/for-sale/house/vic/seddon/?adid=2011387982" target="_blank">129 Albert Street</a> last sold at $475,000 in late 2012.
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jchancellor-FAypfDUnLy

No big steal as Seddon Edwardian sells at $700,000

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Over three floors on Toorak’s 27-31 Washington Street, six new residences, including a penthouse, are set to be built by Orchard Piper.
The <a href="https://washingtonstreet.com.au/" target="_blank">Washington Street </a>properties include two ground-floor “garden residences” with north facing gardens, one of which includes a swimming pool. It also includes three first floor residences called “The Terraces”. Atop the building is the penthouse, covering a whole floor.
Garden residences have either three or four bedrooms, and are sized from 360 square metres.
First floor apartments are three bedroom options from 245 square metres.
The penthouse is four bedrooms, with 580 square metres of floor space.
The penthouse includes a gym, pool, private garage with separate lobby, dedicated lift access, and a 1,300 bottle wine room and bar. It will have city views.
Expectations are for the penthouse to sell for in excess of $15 million.
Custom interior packages have been commissioned through Jolson Interiors, which will be different for each apartment, and each will come with AV packages.
Stephen Jolson of Jolson Architecture is behind the design, with landscaping by Eckersley Garden Architecture. Lighting designer Lindsey Adelman designed the custom entry lobby fitting.
Director of Orchard Piper, Luke McKie said that their style was for understated elegance and thoughtful interior design.
The development is currently open for registrations of interest, and is being sold locally through Marshall White, with interstate and international enquiries through Knight Frank.
Orchard Piper is also behind Toorak’s St Johns Lane, which is currently under construction. St Johns Lane is also being created in conjunction with Jolson and Eckersley, as is their South Yarra offering Davis Avenue.
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jduke-EHk3XBmHkn

Orchard Piper launches six new boutique Toorak apartments

<html><body>
A one bedroom apartment in Hawthorn has topped <a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research</a>'s list of Victoria's most discounted properties.
The student apartment in the Varsity complex near Swinburne University has seen its price cut by 40% to $99,000, after more than four years on the market.
Despite its 25 square metre size, it's described as "larger than most" by listing agent Nick Pane of O'Donoghues First National.
It's not the only student accommodation to make the list of Victoria's most discounted properties. Of the top 10, four are within walking distance of a university.
<a href="https://www.sqmresearch.com.au/" target="_blank">SQM Research's</a> 10 most discounted Victorian properties: <a href="https://www.realestate.com.au/property-apartment-vic-hawthorn-106622918%20%20%20%20" target="_blank"><img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;"> </a><a href="https://www.realestate.com.au/property-apartment-vic-hawthorn-106622918">320/1 Queens Avenue, Hawthorn, Vic</a> <img src="/images/2014/09/11/d1.jpg" alt=""> The fully furnished one bedroom apartment is currently rented out for $215 per week, representing a net yield of 7.3%. It was initially offered at $165,000 and has been on the market for 1,533 days. It comes fully furnished.  <img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-apartment-vic-notting+hill-114753895" target="_blank">D26B/662 Blackburn Road, Notting Hill, Vic</a> <img src="/images/2014/09/11/d2.jpg" alt=""> Another Melbourne student apartment has made it onto this week's top 10 discounted properties list. The asking price of this one bedroom unit near Monash University has dropped by 25%, and now has an asking price of $180,000.
The fully furnished apartment, which includes a basement car park and a balcony, has been on the market for almost a year. The listing information notes that it can be rented for $1,043 per calender month, representing a yield of 6.9%. <img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-townhouse-vic-docklands-107755171" target="_blank">226/9 Wharf Street Docklands, Vic</a> <img src="/images/2014/09/11/d3.jpg" alt=""> Vendors are seeking $650,000 for this Docklands townhouse, which has two bedrooms and three bathrooms. Its asking price has dropped by 24% since it was initially offered 846 days ago.
The Harbour Town unit has an open plan living area and kitchen on the lower level and two bedrooms with built in robes and en suites on the upper level. The property comes with two car spaces. <img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-apartment-vic-cheltenham-116563711" target="_blank">2/3 Mackenzie Street Cheltenham, Vic</a> <img src="/images/2014/09/11/d4.jpg" alt=""> This two bedroom apartment in Melbourne's south eastern suburbs is currently advertised at $369,000, down from its initial asking price of $440,000. It's been on the market for 147 days.
The ground floor apartment is within walking distance of the nearby train station and the local shopping strip. Both bedrooms have built in robes, and the apartment comes with a car space. <img src="/images/2014/07/04/yellow-five.jpg" alt=""> <a href="https://www.realestate.com.au/property-townhouse-vic-bundoora-115922108" target="_blank">38 Waxflower Crescent Bundoora, Vic</a> <img src="/images/2014/09/11/d5.jpg" alt=""> Currently leased until January 2015, this two level Bundoora townhouse has seen a 23% price cut, from $410,000 to $315,000, after 259 days on the market.
The townhouse has two bedrooms and two bathrooms, with timber flooring throughout, and access to a courtyard and barbecue area. Its located within walking distance of RMIT's Bundoora campus.
The townhouse was purchased in 2009 for $396,500.
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<img src="/images/2014/07/04/yellow-six.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-apartment-vic-melbourne-110148953" target="_blank">1308/31 A'Beckett Street Melbourne, Vic</a> <img src="/images/2014/09/11/d6.jpg" alt=""> The asking price for this one bedroom, one bathroom apartment in the Melbourne CBD has dropped from $455,000 to $350,000, after 875 days on the market.
The apartment has an open plan kitchen and living area and built in robes in the bedroom. The apartment complex is one block from RMIT's main city campus and within walking distance of the University of Melbourne. <img src="/images/2014/07/04/yellow-seven.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-house-vic-taylors+hill-116555327" target="_blank">28 Jamieson Terrace Taylors Hill, Vic</a> <img src="/images/2014/09/11/d7.jpg" alt=""> Initially listed with $688,000 hopes, this Taylors Hill home now comes with an asking price between $525,000 and $560,000.
The four bedroom, two bathroom home has a television room, a rumpus room and a upstairs retreat. It is set on a 700 square metre plot, within walking distance of a school and a bus stop. The house was purchased for $342,000 in 2005. <img src="/images/2014/07/04/yellow-eight.jpg" alt="" style="float: left;">  <a href="https://www.realestate.com.au/property-house-vic-garfield-111637803" target="_blank">1110 Nar Nar Goon - Longwarry Road, Garfield Vic</a> <img src="/images/2014/09/11/d8.jpg" alt=""> This house on a 16 hectare plot has an asking price of $850,000, down 23% from its initial $1.1 million price guide. According to the listing information, the house can be rented out for $500 per week, representing a yield of 3% at the current asking price.
The four bedroom house is accompanied by 11 small paddocks, four large paddocks, a hayshed, a three bay carport, six stables, a tack room, a feed room and five horse shelters. It's been on the market for more than two and a half years. <img src="/images/2014/07/04/yellow-nine.jpg" alt="" style="float: left;"><a href="https://www.realestate.com.au/property-apartment-vic-prahran-116613907" target="_blank">211/8 Porter Street Prahran, Vic</a>
<img src="/images/2014/09/11/d9.jpg" alt=""> A studio apartment Prahran has had a 22% price cut. Vendors are now seeking $185,000 for the apartment, after 139 days on the market. The apartment is partially furnished, with a microwave, television and study table.
It comes with access to a common room and common balcony, with city views. The listing information states that it recently returned $1,180 per calender month in rent, representing a yield of 7.6%.  <img src="/images/2014/07/04/yellow-ten.jpg" alt="" style="float: left;"><a href="https://www.barryplant.com.au/property/84871/23-sandells-road-tecoma/" target="_blank">23 Sandells Road, Tecoma, Vic</a> <img src="/images/2014/09/11/d10.jpg" alt=""> Initially listed with a $460,000 price guide, this home now has an asking price of $360,000 after three months on the market. The two to three bedroom house on a sloping lot was once set up to house two families.
It includes a galley kitchen, two living rooms, a veranda out the front and a deck out the back. The property has remained in the same name for 34 years - it was purchased by the vendors for $22,500.
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25 square metre "larger than most" apartment the most discounted property in Victoria: SQM

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The financial advisor Scott Pape, known as the Barefoot Investor, has warned investors not to lured by spruikers into speculatively buying rural zoned land his central Victorian district.
The land banking process involves paying a $40,000 option on a portion of a larger rural parcel of land in anticipation of residential zoning.
In seven to 10 years' time the buyer has the option to buy or sell it, and supposedly make capital gains after rezoning success by the property spruiking investment firms.
"The mob behind this have reportedly been selling options on paddocks around my home town of Bendigo," Pape told his Herald Sun readers.
"I think it’s a giant, steaming, dog turd of a deal," he advised.
Last year the Urban Development Institute of Australia chief executive Tony De Domenico warned buyers to be careful about paying for options or reservation fees on land that ultimately may or may not be developed.
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Scott Pape warns about central Victoria land banking paddock speculation

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Carrum Carrum, the 1890s villa at Longueville, has been sold reputedly for a touch over $5 million.
<a href="https://www.mcgrath.com.au/buy/house-longueville-nsw-2066/208224/?searchID=42533235" target="_blank">The 2,604 square metre holding</a> was listed for sale in 2012 for $7 million, then relisted earlier this year at $6 million-plus in February. Then on its June auction countdown there was $4.95 million plus guidance.
It last traded in 1991 for $925,000 when entrepreneur John Bradley and his wife, Patricia, bought the rundown boarding house.
The block adjoining the battle axe block was bought for $1.22 million in 2001 to reinstate the garden.
It was marketed as one of the lower north shore's finest Victorian-era mansions, having been built in 1890 for James and Alice Macken, nee Foy.
The original house, with stables for six horses and a garage, cost £4,000.
The name Carrum Carrum came from a Melbourne swamp.
The official sale price hasn't been revealed but Title Tattle gleans it was not as much as Fairlie, a grand 1896 Federation mansion sold recently for around $5.6 million through McGrath's Beth and Michael Ferguson.
Built in 1896 by surveyor and inventor Fairlie Tronson, the 2,600 square metre riverfront estate last traded in 1952 when it was bought by the late William Ryan, a senior surgeon at the Mater Hospital.
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Longueville's historic 1890s Carrum Carrum villa sold

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The unlisted property fund manager ISPT has bought the Kingswood Golf Course site in Dingley Village. 
The 53 hectare site was sold following the merger of the Kingswood and Peninsula golf clubs last year.
The site was sold without zoning approval for residential use, with the potential for 700 plus homes.
Mirvac, Cedar Woods and WA-based Satterley Property Group had been pinpointed as short-listed prospects to develop the site in Melbourne’s south-east.
The Australian Financial Review put its likely sale price as around $100 million.
The sale is being handled by Ernst &amp; Young.
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Kingswood Golf Course sold to unlisted property fund manager

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The new Masterplanned community Valley Park was launched yesterday by Australand, City of Hume mayor Casey Nunn and the Victorian Minister for Housing, Wendy Lovell.
The new <a href="https://www.australand.com.au/Our-Properties/Apartments-Homes/Jumpin-Valley-Park" target="_blank">Valley Park</a> development in Westmeadows will provide new homes, with the entire final development valued at approximately $160 million. It is a partnership between Australand and the Victorian Government, with the state government providing $56 million.
“With the establishment of brand new, quality housing, this development will provide further opportunities for locals in Westmeadows and nearby suburbs,” said Lovell.
“The Napthine Government invested $56 million in the Valley Park redevelopment, which will help provide 354 high-quality homes as part of our focus on supporting vulnerable people, while also creating a more diverse community in Westmeadows,” she said.
Australand general manager Rob Pradolin said that the key objective is to use the multi-use centre to get residents to interact and meet each other.
<blockquote>
“The Napthine Government invested $56 million in the Valley Park redevelopment" - Victorian Minister for Housing
</blockquote>
Construction is currently underway, with 320 lots expected on completion. Previously, it was announced that 110 social housing properties and 34 independent living units as part of an aged care precinct, as well as a 120 bed aged care home from Baptcare, would be built. Parklands and community facilities will be included.
The first houses are expected to settle from this month onwards.
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Australand launches Valley Park, Victoria

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Rockbank North, a joint venture between Jayaland Corporation Victoria Investments &amp; Properties and Mirvac, will be the largest masterplanned community in Melbourne’s Western Growth Corridor. It is located between Melton and Caroline Springs.
The approved site in the Rockbank North Precinct Structure Plan is a major landholding of 711 hectares, 29 kilometres from Melbourne’s CBD. It was approved in June 2012 through amendment C120 to the Melton Planning Scheme.
On completion, it is expected to include 7,100 residential lots, three primary schools, a secondary school, health and education precinct, an indoor sports facility and open park spaces. It will also include a major and local town centre of 36,500 square metres and 5,700 square metres of floor area respectively.
<img src="/images/2014/09/08/rockbank02.jpg" alt="">
Property Observer understands that the total value of the project will exceed $2 billion when considering construction and civil activity, with some placing the figure as high as $4.5 billion.
It will be serviced by existing infrastructure including Rockbank train station, the Western Highway, Deer Park Bypass and Melton Freeway. The proposed Outer Metropolitan Ring Road would also benefit the new suburb.
Rockbank North will be provided an internal bus network linking the residents to the train station and main bus stop.
<img src="/images/2014/09/08/rockbank03.jpg" alt="">
The majority of housing will be conventional residential, with medium density residential around the local town centre. Much of the high density offerings will be near passive, unencumbered open space.
Previous Mirvac data, from a 2011 ASX release, suggested that 19,000 residents are expected to call new suburb home.
Mirvac managing director Nick Collishaw at the time noted that the acquisition was in line with their residential strategy, ensuring they stay “at the forefront of community development in Australia”.
Collshaw said that the region expected to deliver significant growth and become a pre-eminent masterplanned community.
The site will be announced by Minister for Planning Matthew Guy this Wednesday.
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Western Melbourne's largest masterplanned community to be launched this week

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The Block's Josh Densten and Jenna Whitehead's renovated three bedroom investment cottage at East Albury will go to auction this month.
The contestants of the 2011 Richmond series of The Block, who live in Melbourne have recently released a range of designer lamps for Beacon Lighting.  
Their 670 square metre Beaumont Crescent property was bought in 2008 for $250,000 when listed at $265,000.
 They tried to sell it in early 2011 for $300,000 plus.
It has been listed for <a href="https://www.domain.com.au/public/propertydetails.aspx?adid=2011398946&amp;" target="_blank">20 September Stean Nicholls auction</a> with expectations now reportedly in the high $300,000s.
Agent Amanda Giblin says the home offers plenty of modern living and is renovated in style, with easy care gardens and impressive views over Albur,y allowing the buyer to enjoy their home with minimal effort.
At the weekend first inspection, prospective buyers were offered cupcakes.
There were a strong 29 groups through with six possible buyers emerging.
The couple's first appearance on The Block in 2011 saw their renovated home sell for $1 million, while their second home in 2013's The Block: All Stars netted $1.65 million, $275,000 of which was profit.
East Albury's median house price sits at $323,000, <a href="/news">according to RP Data</a>, which is less than its 2008 and 2011 peaks.
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