The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 52-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 52-storey tower, which has just shy of 250 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

Joel Robinson

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

Sherpa Group has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at Flourish Soleira in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with Flourish Amargo, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

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

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

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

Victoria

<html><body>
Low priced land has a lot of people talking and in Victoria there are a few blocks available on the cheap.
Land prices in Melbourne’s city-fringe housing estates <a href="/expert-insights/building/outer-melbourne-land-tracking-at-four-year-lows-oliver-hume">continue to hover at around four-year lows, according to Oliver Hume</a>.
However, how far away do you need to get from the capital to secure blocks at prices as ludicrously low as $2 per square metre?
<a target="_blank" href="">Lot 7</a>, as well as<a href="https://www.realestate.com.au/property-residential+land-vic-netherby-200831835" target="_blank"> Lot 17</a> (pictured below), on Netherby Baker Road, Netherby are both on the market for $11,500 each.
The listing notes that the land is rural residential in the <a href="/news">Netherby </a>township, “which boasts a pub” and is 20 minutes from larger town <a href="/news">Nhill</a>. It is an hour from the city of <a href="/news">Horsham</a>, and 20 minutes from Victoria’s largest recreational lake – Lake Hindmarsh.
Netherby is 405 kilometres north west of Melbourne.
They are each listed as being approximately 1,011 square metres.
This works out at approximately $11 per square metre.
<a href="https://www.realestate.com.au/property-residential+land-vic-netherby-200831107/"><img src="/images/2014/08/29/netherby%20uag%2029%20one.jpg" alt=""></a>
 
<img src="/images/2014/08/29/netherby%20uag%2029%20two.jpg" alt="">
Another 1,011 square metre block at <a href="https://www.realestate.com.au/property-residential+land-vic-kaniva-200629727" target="_blank">12 Moore Street, Kaniva</a> (pictured below) is up for sale for $13,500. It has electricity, water and sewerage adjacent to the block and faces the Native Botanical Reserve.
<a href="/news">Kaniva </a>is 415 kilometres north-west of Melbourne.
It works out at around $13 per square metre.
<img src="/images/2014/08/29/kaniva%20aug%2029%20one.jpg" alt="">
For $13,500, the 836 square metre block at <a href="https://www.realestate.com.au/property-residential+land-vic-dimboola-200937795" target="_blank">59a Anderson Street, Dimboola</a> (pictuyred below) is available for purchase.
It is noted as being ready to be built on with all services available, apart from gas.
<a href="/news">Dimboola</a>, in the Shire of Hindmarsh, is 335 kilometres north-west of Melbourne.
This works out at approximately $16 per square metre.
<img src="/images/2014/08/29/dimboola%20aug%2029%20one.jpg" alt="">
<a href="https://www.naracoortefn.com.au/buy-residential-real-estate/vacant-land-coleraine-edenhope-road-harrow-vic-14813100109" target="_blank">A block in Harrow</a>, for $14,000, on Coleraine-Edenhope Road (pictured below) was up for sale noting that power was passing by the block.
At 6,457 square metres, the block estimates out at about $2 per square metre.
<a href="/news">Harrow</a> is 390 kilometres north west of Melbourne.
<img src="/images/2014/08/29/harrow%20aug%2029%20one.jpg" alt="">
</body></html>

jduke-EHk3XBmHkn

Can you really buy land in Victoria for $2 per square metre?

<html><body>
Victorian first time home buyers will pay less stamp duty for homes from 1 September.
The reduction in duty has become increasingly attractive - initially, 20% was reduced on 1 July 2011, followed by 10% on 1 January 2013, 10% on 1 July 2013 and the upcoming 10% on next Monday, 1 September 2014.
It is available for new or established home purchases.
<img src="/images/2014/08/29/vic-fhb-aug-29-one.jpg" alt="" style="line-height: 1.3em;">
Stamp duty concessions across the country are on the next page. Please click below.
<hr class="system-pagebreak">
Here’s the table that clears up what concessions are available (click to open in new window):
<a href="/images/2014/08/28/stamp%20duty%20chart%20aug%2028%20one.png" target="_blank"><img src="/images/2014/08/28/stamp%20duty%20chart%20aug%2028%20one.png" alt=""></a>
Source: State Revenue Offices/HIA
</body></html>

jchancellor-FAypfDUnLy

Further stamp duty reduction for Victorian first home buyers

<html><body>
Dan Hunter’s new three hats restaurant,<a href="https://braerestaurant.com/"> </a>Brae, at <a href="/news">Birregurra</a>, some 90 minutes south-west of Melbourne, has been named The Age Good Food Guide restaurant of the year.
It is only the third time the award has gone to a restaurant outside of Melbourne.
Brae was also named best new and best regional restaurant in the Gourmet Traveller awards last week.
<img src="/images/2014/08/29/brae_0004_BraeRestaurant%205.jpg.jpg" alt="">
Chef Dan Hunter and his wife, Julianne established the $180 set price multi-course menu less than a year ago.
Drawing many of its ingredients from the surrounding gardens and local farms, The Age Good Food Guide co-editor Janne Apelgren said Brae was “a benchmark in contemporary fine dining”.
As for "the Brae Effect" what is very obvious is the surge in new B&amp;B's as without doubt the restaurant has created huge demand for short-stay accommodation. 
That means the 15 or so staff at the restaurant have found local accommodation challenging - some renting in nearby towns like Winchelsea and Colac.
<img src="/images/2014/08/29/brae_0002_BraeRestaurant%203.jpg.jpg" alt="">
There have been around 40 property sales since early 2013 at Brae, with prices ranging from $90,000 on Main Street to $1.8 million for an 80 hectare farm on Cape Otway Road. Sales are a bit too erratic to make out an obvious price growth trend.
The restaurant is on a seven hectare holding that sold in May 2013 for $1.05 million to the McCorkell Brown Group, directed by Howard McCorkell and Damien Newton-Brown, who have been building and developing iconic properties together for 15 years.
The property came with the original 1868 cottage, with Corkell and Newton-Brown commissioning James Legge, principal of Six Degrees Architects, to work on the design of the new operation.
Accommodation is currently on the drawing board with Damien Newton-Brown telling Property Observer that he is close to lodging the planning permit application for the accommodation, and if all things go well construction might get underway in early 2015.  
<img src="/images/2014/08/29/brae_0001_BraeRestaurant%202.jpg.jpg" alt="">
Brae was formerly Sunnybrae, the pioneering paddock-to-plate restaurant owned and run by chef George Biron who farmed organically with his partner, Di Garrett, who sold the property.
Tulip in nearby Geelong was named the new regional restaurant of the year.
<div class="display-media image secondary pull-right"><img class="size_secondary filetype-jpg" src="https://edge.alluremedia.com.au/uploads/businessinsider/2014/08/age-cover-an-300x0.jpg" alt="" style="display: block; margin-left: auto; margin-right: auto;"></div>
2015 marks the 35 edition of The Age Good Food Guide which is on sale for $24.99.
Photos: <a href="https://www.colinpage.com.au/#See" target="_blank">Chris Page</a>. Source: Supplied. 
</body></html>

Brae restaurant awards puts Birregurra on the foodies B&B map

<html><body>
Victoria’s construction boom comes as no surprise to anyone who has seen the increase in highrises and cranes on the skyline over the past few years.
This week Planning Minister Matthew Guy said that it shows no signs of abating.
Notably, <a href="/news/construction-work-falls-in-june-quarter-abs">construction work did fall slightly over the June quarter, according to the Australian Bureau of Statistics</a>, although remains up 3.2% over the past year.
Here are 10 quotes from Guy, reverse chronologically, in regards to changes in Melbourne.
<ol>
<li>“Victoria’s land supply program has been the most successful of any state, releasing 95,000 housing lots in metropolitan Melbourne alone. The strong competition between developers has dropped the median lot price from $225,000 in 2010 to around $191,000 now.” (August 2014) 
</li>
<li>“The last thing we need in Victoria is a housing shortage like the one Sydney is experiencing… Whether planning for land supply in suburban growth areas, for urban renewal precincts or for central city high rise apartments, we need to keep building enough homes to keep the market affordable.” (<a href="/expert-insights/buying/central-melbourne-sees-1-000-apartments-approved-to-avoid-sydney-like-housing-shortage">June 2014</a>) 
</li>
<li>“This [Plan Melbourne 2050] is a comprehensive plan for Melbourne that caters for a projected population of 7.7 million people by 2051 and provides a solid foundation to meet these challenges.” (<a href="/expert-insights/building/the-16-suburbs-to-benefit-most-from-plan-melbourne-2050">May 2014</a>) 
</li>
<li>"The Victorian Coalition government will not allow public accessed beaches to be built  on, where the land is technically held in private ownership … With this change, any permit application to use or develop land within this zone will require consent. This is wide-ranging and includes fences, signs, outdoor furniture, shade sails, flag-poles, sheds, pergolas, verandahs and decks. Until today’s reforms, building these structures on private land in this zone did not require a planning permit.” (<a href="/expert-insights/building/private-land-owners-near-victoria-s-beaches-to-lose-ability-to-develop-as-of-right">April 2014</a>) 
</li>
<li>“It’s clear that there is plenty of land for future development and plans to maintain supply. It is critical that we continue to identify land to drive industry, jobs and housing growth in regional centres. Melbourne is certainly in an enviable position because we have large tracts of land marked for urban renewal and new suburbs. We also have the largest amount of industrial land of all capital cities in the country.” (<a href="/news/vic/supply-to-continue-increasing-in-melbourne-minister-for-planning">January 2014</a>) 
</li>
<li>“Melbourne is proud to be developing some of the most innovative and advanced skyscraper designs in the world. While other skinny buildings are called ‘pencil towers’, this building displays a slender, twisting flower stem design. 54 Clarke Street has strong architectural features to ensure it embodies a slender, sophisticated style all the way from a 'webbed' foundation at ground level.” (<a href="/news/guy-approves-melbournes-most-skinny-tower-for-southbank">December 2013</a>) 
</li>
<li>“Southbank’s appeal for new residents is significant, as this ‘urban village’ is within our vibrant arts precinct and has immediate access to the Melbourne CBD, employment, public transport, the Yarra River, parks and gardens and other services … It also helps meet anticipated high population growth in the area, while also boosting livability for residents.” (<a href="/news/matthew-guy-approves-120-million-residential-tower-for-southbank">October 2013</a>) 
</li>
<li>“The Fishermans Bend project will set the standard for urban renewal  across Melbourne and Australia over the next three decades, bringing  thousands of new residents to areas close to jobs, transport and  Australia’s greatest cultural heart.” (<a href="/news/vic/urban-renewal-project-a-game-changer-for-melbourne-cbd">September 2013</a>) 
</li>
<li>"Melbourne’s skyline will take a dramatic turn upward following the Victorian Coalition Government's approval of the Australia 108 tower.” (<a href="/news/vic/two-more-melbourne-high-rise-towers-seek-matthew-guys-tick-of-approval">April 2013</a>) 
</li>
<li>“We have an ageing population, those heading towards retirement have reduced wealth, and housing stress is a chronic problem for about 10% of households… Almost all of the city’s most affordable housing is in the outer suburbs with the inner suburbs out of reach to many renters and all but the wealthiest first-home buyers.” (<a href="/news/vic/matthew-guys-nine-step-plan-to-addressing-housing-affordability-in-melbourne">October 2012</a>)</li>
</ol>
</body></html>

10 quotes from Planning Minister Matthew Guy on changes in Victoria

<html><body>
The former Mooroolbark Primary School site is being turned into a property development of 79 residences by developer Three Pillars.
It will be known as the <a href="https://threepillars.com.au/portfolio-type/mooroolbark/" target="_blank">Central Ave Mooroolbark</a> estate and will bring life to a site that has been vacant since the school’s closing and subsequent demolition in 2004.
On the corner of Manchester Road and Lincoln Road, Three Pillars purchased the land in 2012 with the new houses to be built by Edgepoint Homes.
The first two stages are nearly sold out, with Stage Three released earlier this month.
Remaining allotments include double- and triple-storey townhouses. They vary up to four bedrooms, but all have two-bedrooms with off-street parking.
From $370,000 to $440,000, they vary from 133 square metres to 188 square metres, looking to attract both homebuyers and investors.
Three Pillars’ director Ben Thomas said that families, first home buyers and downsizers are among the interested buyers.
“We are already seeing confirmation of its universal appeal in our sales results, which reveal that 30&amp; of our buyers are first-home buyers, 40% are second and third home buyers and 30% are investors,” said Thomas.
Three Pillars purchased the site from the Department of Education for $4.6 million.
</body></html>

Former Mooroolbark Primary School site to become 79 new homes

<html><body>
Barramunga, the classic two storey home set well back off Point Nepean Road at Sorrento, has been sold for $2.01 million.
It has upstairs views of Camerons Bight.
Barramunga kicked off the 2014 Australia Day long weekend auctions which faced buyer hesitation.
Title Tattle recalls the auction of the six bedroom cottage on its 3,474 square metre holding opened and closed on its $1.9 million vendor bid by the auctioneer Gerald Delany, who'd told the crowd that the site had been the choicest of selections in the 1920s by the stockbroker John Hindsen.
After three decade ownership, it was offered by Toorak dentist Geoffrey Wymond and his wife Diane who had it listed through Liz Jensen from Kay &amp; Burton Portsea.
</body></html>

Barramunga, the 1927 Sorrento weekender, sells for $2.01 million

<html><body>
Last night, the City of Greater Geelong voted to remove a covenant on a contentious block of land.
The Geelong West Bowling Club had been looking to remove a covenant over an area of land that previously was to be used solely for the purpose of bowls.
In 1986, 1,728 square metres of land at 12 Bowlers Avenue, Geelong West had been sold to the Geelong West Bowls Club for $48,000 and had applied the covenant at that time restricting its use as a bowling green. The amount they paid was agreed upon by Council to be at or close to market value and had previously been used as a table tennis site.
The initial valuation and associated documents were unable to be found, so the council struggled to ascertain whether they had purchased it for a discount. However, they did note that due to a later valuation they believed they paid close to full market value.
The Club looks to move their site and want to maximise the revenue from the sale of the land for this purpose. The value would be greatly enhanced without the covenant, which restricted it to a bowling green and occasional car parking.
The council approved the removal of the covenant (M262445Q).
Attending the council meeting, the Geelong Advertiser tweeted the following:
<img src="/images/2014/08/13/geelong%20aug%2013%20one.png" alt="">
Council records note that the Club and the Drumcondra Bowling Club have entered into an agreement with Links Investco No 1 Pty Ltd to acquire land and build new clubrooms and greens at the former Geelong Golf Club site. The sale of the existing land is to support the move and club’s consolidation at the new location on Ballarat Road.
“In deciding to agree to the removal of the covenant, the Council is entitled to consider whether at the time of sale of the land to the Club, the covenant had a restrictive effect on the price at which the land transferred,” council meeting minutes note.
The land is currently zoned Residential 1, and is proposed to be included in a Residential Growth Zone 2 under a Greater Geelong Planning Scheme amendment.
“Once the covenant is removed the owner of the land is free to use and develop the land subject to the provisions of the Planning Scheme and subsequent planning permit,” the minutes confirm.
<img src="/images/2014/08/13/geelong%20aug%2013%20two.png" alt="">
Source: City of Greater Geelong
The entire site is <a href="https://www.realestate.com.au/property-residential+land-vic-geelong+west-200945771" target="_blank">currently being marketed through Gartland Real Estate, who are calling it a unique development/subdivisional opportunity</a>.
“The former Geelong West Bowls Club is located only 85 metres to Pakington Street and adjoining the Geelong west public park this is a one of a kind development opportunity,” the listing reads.
“Set within moments to the vibrant Cafe and restaurant precinct, offering direct access to major arterials and public transport, this location offers a multitude of opportunities to the buyer. Surrounded by residential homes in one of Geelong strongest neighbourhoods this is the perfect mix of location and opportunity.”
It is open for expressions of interest.
The Geelong Advertiser had previously indicated that locals fear the site would become a high-density housing block if this took place and noted that Gartland had estimated a sale price of up to $10 million for the combined Geelong West and Drummondra clubs’ locations.
</body></html>

Geelong council removes covenant on bowls club land, paving way for possible development

<html><body>
Yield-chasing isn’t quite as popular pastime for those buying in Victoria as for those buying apartments in other states and territories.
With just 15 results above 6% gross rental yield, according to RP Data, it’s unsurprising that the majority of investors are after capital growth. Of course, not every property is made equal and astute buyers may be able to achieve strong yields even in suburbs whose headlining figure does not suggest this, and so Property Observer trawled the list of Victorian suburbs to bring you the suburbs that actually are the highest yielding.
Here are the 15 highest yielding Victorian suburbs for apartment buyers.
<ol>
<li>
<a href="/news">HAMILTON </a>Median price: $85,000 Gross rental yield: 13.46% Our only contender with a double-figure gross rental yield, the data-range may be limited. An ‘N/A’ result was provided for the area’s five and three year growth, though it notes 0.27% average annual growth. Also the cheapest suburb on the list, the apartments in the area’s median advertised weekly rent sits at $220. 
</li>
<li>
<a href="/news">CRANBOURNE WEST </a>Median price: $203,000 Gross rental yield: 7.94% 
</li>
<li>
<a href="/news">ALFREDTON </a>Median price: $175,000 Gross rental yield: 7.43% 
</li>
<li>
<a href="/news">INVERLOCH </a>Median price: $295,000 Gross rental yield: 6.87% 
</li>
<li>
<a href="/news">MILDURA </a>Median price: $155,000 Gross rental yield: 6.54% 
</li>
<li>
<a href="/news">HORSHAM </a>Median price: $185,000 Gross rental yield: 6.46% 
</li>
<li>
<a href="/news">MELTON </a>Median price: $210,000 Gross rental yield: 6.38% We have previously spotlighted Melton in a suburb profile. You can <a href="/expert-insights/buying/suburb-spotlight-melton-council-gearing-up-for-growth">read more about this west of Melbourne area here</a>.  
</li>
<li>
<a href="/news">WHITTINGTON </a>Median price: $189,000 Gross rental yield: 6.33% 
</li>
<li>
<a href="/news">MOOROOPNA </a>Median price: $168,000 Gross rental yield: 6.27% 
</li>
<li>
<a href="/news">SWAN HILL </a>Median price: $180,000 Gross rental yield: 6.21% 
</li>
<li>
<a href="/news">SPRING GULLY </a>Median price: $223,000 Gross rental yield: 6.19% 
</li>
<li>
<a href="/news">REDAN </a>Median price: $185,000 Gross rental yield: 6.18% 
</li>
<li>
<a href="/news">WEST WODONGA </a>Median price: $188,000 Gross rental yield: 6.09% 
</li>
<li>
<a href="/news">WODONGA </a>Median price: $185,000 Gross rental yield: 6.04% We have previously also written about Wodonga, and its prospects for growth. The <a href="/expert-insights/buying/suburb-spotlight-will-wodongas-big-spend-pay-off">council is spending big... but will it pay off? </a>
</li>
<li>
<a href="/news">ARARAT </a>Median price: $172,000 Gross rental yield: 6.04%
</li>
</ol>
BONUS SUBURB: <a href="/news">BROADMEADOWS</a> Median price: $273,000 Gross rental yield: 5.95%
In 2013, Broadmeadows was <a href="/news/vic/broadmeadows-among-the-top-mortgage-delinquent-locations-standard-poors">named one of the top mortgage delinquint locations</a> by ratings agency Standard &amp; Poor's.
Which state or territory would you like to know the top yielding locations for?
</body></html>

The 15 highest yielding Victorian suburbs for apartments

<html><body>
Real estate agents cannot conduct open for inspections in a rental property without the consent of the tenant, a new Victorian Civil and Administrative Tribunal (VCAT) order has confirmed.
The decision was made after an unnamed tenant did not consent to open for inspections of their rental home being sold for fear of security and privacy.
VCAT has confirmed the view held by the Tenants Union of Victoria (TUV) that tenants being forced to endure open for inspections is not legal under the requirement for tenants to have ‘quiet enjoyment’ of their rental home, explained TUV’s policy and liaison officer James Bennett.
“Having dozens of strangers looking through your home without your consent can be a massive infringement of privacy, security and quiet enjoyment,” he said.
“VCAT has clarified that only genuine prospective buyers can be shown a property by appointment – not just anyone who is wandering past and wants to stickybeak, check for valuables or assess the security system.”
Bennett noted that the decision does not prevent rentals from being marketed, inspected and sold, simply clarifies tenants’ rights.
Inspections by appointment are still allowed.
</body></html>

VCAT orders agents not to conduct opens without tenant consent

<html><body>
The Calder Freeway, which makes its way through central Victoria’s has contributed to a increase in capital growth and compared to other regional centres towns along this transit corridor are showing the strong appreciation.
For those unfamiliar with Victoria the Calder Freeway is the main road between Melbourne and Bendigo and links <a href="/news">Macedon</a>, <a href="/news">Kyneton</a>, <a href="/news">Gisborne</a>, <a href="/news">Woodend </a>and <a href="/news">Castlemaine</a>. There is also a matching rail service and both have been upgraded over the past decade.
House values in these areas have outpaced Melbourne, Ballarat and Geelong over the past five years.
The best growth was recorded in the Macedon Ranges Shire which includes Macedon, Kyneton, Gisborne and Woodend. Over the past five years house values have grown by 46.2%.
Following Macedon Ranges Shire was Mount Alexander Shire which is centred on Castlemaine. There house values have risen by 39.5%.
The further away from the Melbourne the area is the lower is the growth, presumably as there is less of a flow on from the metropolitan market.
In the City of Greater Bendigo values have risen by 38.4%, lower than Macedon Ranges but still well above the 28.4% recorded in Melbourne.
Interestingly values in Ballarat, with a rise of 33.9% have also exceeded Melbourne.
For many people, the attraction to these areas is highlighted by the availability of more affordable property coupled with a country lifestyle. The data shows that as a result of additional transport options in these areas it has made it more and more possible for people to maintain employment and undertake a tree change.
There are 573 auctions scheduled this week in Melbourne compared to 600 for the same time last year. This is a rare but minor 4.5% fall which does not reflect the fact that in the first eight months of the year there have been 29.5% more auctions than the same time in 2013.
The current regional variation in auction numbers should be taken into account when analysing the auction market as many sellers in the inner east appear to avoiding winter.
The main auction activity in Melbourne remains outside the inner eastern suburbs with 16 homes scheduled to go under the hammer in <a href="/news">Reservoir</a>, 11 in <a href="/news">St Kilda</a> and 10 in <a href="/news">Essendon</a>, <a href="/news">Melbourne</a> and <a href="/news">Preston</a>. For buyers looking in the more expensive inner east volumes are rising slowing with six expected in <a href="/news">Camberwell</a>, <a href="/news">Kew </a>and <a href="/news">Hawthorn East</a>.
The average time on market for houses sold last month rose slightly from 43 to 44 days. Vendor discounting contracted from -5.2% the previous week to -5% last week.
Key data
<ul>
<li>Clearance rate week ending 27 July: 68.5%</li>
<li>Melbourne auctions expected week ending 3 August: 573</li>
<li>Melbourne private sales time on market week ending 27 July: 44 days (houses)</li>
<li>Melbourne vendor discounting market week ending 27 July: -5% (houses)</li>
<li>Listings being prepared for market are 0.7% higher in month ending 27 July (seasonally adjusted)</li>
</ul>
Photo courtesy of Richmeister/<a class="mw-mmv-license cc-license" href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by/2.5" target="_blank">CC BY 2.5</a>.
</body></html>

Victoria

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Victoria

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News