ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Annandale

The private development firm&nbsp;Eranna Development has launched Abbie&#39;s Lane, a new apartment development in Annandale in Sydney&#39;s inner west.

The distinctive five-level building, to be built by Ceerose at 8 McCarthy Lane, will home 42 studio, one, two and three-bedroom apartments.

Abbie&#39;s Lane has been designed by PBD Architects, whose primary target was to create an &#39;outside-in&#39; approach and village feel for residents, achieved by the inclusion of Abbie&#39;s Lawn, a landscaped courtyard that sits in between the built form.

There&#39;s further outdoor green space crowning the building. Abbie&#39;s Rooftop will act as a community hub for residents, and feature&nbsp;barbecue facilities for&nbsp;exclusive resident use. Ground floor retail can also be found at Abbie&rsquo;s Lane &ndash; bringing a sense of vibrancy to the street level.

Edward Doueihi, Managing Director of Ceerose, said careful consideration of the historical streetscape character is reflected through intricate design to create an urban retreat.

&quot;The development adopts a sympathetic material pallet that respects the heritage significance and aesthetics that Annandale is known for,&quot; Doueihi says.

[smartcode_project:default project_id=108871 project_image_fid=180438]

&quot;Abbie&rsquo;s Lane is thoughtfully designed by PBD Architects and will be a valuable addition to the neighbourhood.&rdquo;

PBD Architects Managing Director Paul Buljevic says the built form explores the concept of solidity versus openness.

&quot;The fa&ccedil;ade&rsquo;s brickwork and powder coated metal will complement the historical roots of Annandale with a contemporary aesthetic.

&quot;We employed sustainable strategies to maximise the flow of natural air and improve ventilation across the development.

&ldquo;Abbie&rsquo;s Lane&rsquo;s striking exterior is focused on protection and solidity, while the interior balances restorative calm. The use of natural textures and refined simplicity will be on display throughout the apartments.

[smartcode_project:default project_id=108871 project_image_fid=180439]

Colliers are handling the marketing of Abbie&#39;s Lane, with prices starting from $750,000.

Daniel McMahon, Director - Residential at Colliers says Abbie&rsquo;s Lane represents a unique offering in the Inner West and is one of the first new projects in Annandale that will capitalise on growth plans in the area.

&quot;Annandale&rsquo;s easy accessibility to Sydney CBD, Blackwattle Bay, Barangaroo and popular universities make Abbie&rsquo;s Lane a very appealing location for both owner occupiers and savvy investors.

&ldquo;There is a limited number of new apartment projects in the suburb, ensuring Abbie&rsquo;s Lane is ideally positioned in the marketplace.

&quot;Conveniently located on the city fringe, the development&rsquo;s high-quality apartment offering complimented by a friendly village lifestyle will draw a wide mix of buyers.&rdquo;

Abbie&rsquo;s Lane apartments have been designed to take advantage of the building&rsquo;s frontages capturing sunlight, summer breezes and leafy street views.

The apartments feature private courtyards, large outdoor spaces, wide frontages and a select few even have built-in fireplaces. Bathrooms will feature porcelain tiles and mosaics,&nbsp;Parisi tapware, basins and bathtubs. Light and dark schemes in the kitchen will be complimented by stone benchtops and a splashback, custom joinery and timber floorboards.

Situated on&nbsp;1,765 sqm, Abbie&rsquo;s Lane is next door to the Annandale Hotel, Annandale Public School is a short 700 metre walk, while Annandale Village is within 950 metres. Sydney University, the University of Technology Sydney and RPA Hospital are all within 2.8 kilometres.

The distinctive five-level building at 8 McCarthy Lane will home 42 studio, one, two and three-bedroom apartments

Eranna launch Annandale apartments, Abbie's Lane

<html><body>
The Sydney suburb of Annandale is among the fastest suburb across Australia, according to Investar’s latest report.
The property data firm says that the average time that a house in Annandale stays on the market is 41 days.
A example is a recently sold four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-annandale-124862262" target="_blank">65 View Street</a> (above) that stayed on the market for 26 days before it was sold for $3.83 million.
Another example is a recently sold four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-annandale-124819934" target="_blank">159 Nelson Street</a> (below) that stayed on the market for 28 days before selling for $2.85 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/159%20Nelson%20Street.jpg" alt="">
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
The average median price of a house in Annandale is $1.69 million, an increase of $21,000 compared to last year’s median price.
Annandale is popular with 1831 more website listing visits than most suburbs in NSW.
Established independent residents take up 25 percent of the residents in the area.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Annandale among the fastest selling NSW suburbs

<html><body>
A tri-level Victorian terrace in Annandale has been sold for $2.32 million. 
It was sold $320,000 over the reserve price by Matthew Carvalho and Ercan Ersan of Ray white Surry Hills. 
The <a href="https://www.realestate.com.au/property-terrace-nsw-annandale-133750998" target="_blank">Terrace 9, 269 Trafalgar Street </a>home comprises of 250 sqm of indoor and outdoor living space. 
It consists of three bedrooms, zoned living and dining areas, entertainer's gas kitchen, private courtyard garden and roof terrace. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/5/annandale%202.jpg" alt="">
The home also features private entry, dormer windows double garage, and northerly district views.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/5/anandale%203.jpg" alt="">
It is located within close proximity to Jubilee Park, the harbour foreshore, Tramsheds gourmet dining hub and farmers markets.
</body></html>

Tri-level Annandale terrace sold for $2.32 million

<html><body>
Rock star, activist and former Labor MP Peter Garrett and his wife  Doris Ricono-Garrett have bought a $2.25 million Victorian worker's cottage in Annandale. 
The three-bedroom house is up the road from the Annandale Hotel.
It comes with Miele kitchen, designer bathroom, light-flied lounge and dining and landscaped courtyard. 
In 2018, couple bought Hartland, a two-hectare property in Kangaroo Valley for $1.2 million, marking a return of sorts to the Southern Highlands where they sold their Mittagong acreage in 2016 for $2.8 million.
The couple bought a rundown terrace in Paddington for $2.7 million in 2015 and selling it three years later for $5.25 million after a renovation.
The property was sold by Pilcher Residential.
 
</body></html>

firstname1-iYD4UYzvBa

Rock star Peter Garrett buys at Annandale

<html><body>
As the scaffolding comes down from St Kilda's Gatwick Hotel, the location of next month's series of The Block, its executive producer Julian Cress has formally cut ties with Sydney.
The buyer of his redundant Annandale warehouse paid a record $4,275,000 through McGrath agent Damien West.
The space, which failed to sell at its March auction, had come with a price guide of $4.5 million.
Cress inherited the Johnstone Lane warehouse from his late father, the Archibald award-winning artist Fred Cress.
The prior top price for a converted warehouse in Annandale sat with the $3.7 million paid last June by fellow artist Jonathan Newton, the son of Britain’s Gravity Media Group boss John Newton.
Julian Cress commissioned architect Julian Brenchley and Block designer Darren Palmer to undertake the recent conversion which was recognised with the 2015 MBA's Excellence in Housing Award.
Set at the end of a laneway, the home has four bedrooms, three bathrooms and a ground floor gallery.
<img src="https://www.urban.com.au/images/2018/7/30/annandale%202.jpeg" alt="">
The warehouse features polished concrete, exposed brick and soaring ceilings, interlaced with exposed steel and timber trusses.
There's an open plan upper level integrated with a private rooftop terrace.
Cress and wife Sarah have been based in Albert Park after The Block became more permanently based in Melbourne.
Over the years Cress became critical of nitpicking Sydney council approvals in his pursuit of development sites for the top rating Channel 9 show.
He has been executive producer of the hit show since its first series in 2003 where they launched with its renovation a block of apartments in Bondi.
<img src="https://www.urban.com.au/images/2018/7/30/annandale%203.jpeg" alt="">
Cress sold to Andrew Parker, the Qantas executive for government, industry and international affairs, who also was a board member of Australians for Equality during the gay marriage debate. 
Parker recently sold his Potts Point apartment to Tom Dery, the former worldwide chairman of ad agency M&amp;C Saatchi, for $4.55 million.
The purchase comes after Dery sold his luxury 1890s Paddington home for $5.1 million late last year.
This article first appeared in The Sunday Telegraph. 
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Annandale warehouse space sold by The Block's Julian Cress

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As the scaffolding comes down from St Kilda's Gatwick Hotel, the location of this year's series of The Block, its executive producer Julian Cress can focus all his attention on the nearing airing of the show.
He's finally found a buyer for his redundant Annandale warehouse which he inherited from his late father, the Archibald award-winning artist Fred Cress.
The property space failed to sell at its March McGrath auction when it had a guide of $4 million after being listed in February.
It then went up with a guide of $4.5 million, selling 77 days into its marketing campaign to a Potts Point couple.
Fred Cress had used the Johnstone Lane warehouse as his creative studio.
Julian commissioned architect Julian Brenchley and designer Darren Palmer to undertake the recent conversion which was recognised with the 2015 MBA's Excellence in Housing Award.
He and wife Sarah have been based in Albert Park after The Block became more permanently based in Melbourne.
Cress became critical of Sydney council approvals in his pursuit of development sites for the Channel 9 show.
He has been executive producer of the hit show since its first series in 2003 where they renovated a block of apartments in Bondi.
Set at the end of a laneway, the home has four bedrooms, three bathrooms and a ground floor gallery.
The warehouse features polished concrete, exposed brick and soaring ceilings, interlaced with exposed steel and timber trusses.
There's an open plan upper level integrated with a private rooftop terrace.
The prior to-price for a converted warehouse in Annandale sat with the $3.7 million paid last June by fellow artist Jonathan Newton, the son of Britain’s Gravity Media Group boss John Newton.
 
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Julian Cress finally sells his dad's Annandale warehouse

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UNIVERSITY of NSW economics professors Bill Schworm and Denise Doiron sold their Annandale at weekend auction with price expectations of $1.85 million.
The result ended up at $2.1 million after flying past the $1.9 million reserve.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-annandale-127998578" target="_blank">three-bedroom, one-bathroom Pritchard St house</a> on 252sqm was renovated in 2003. They had paid $325,000 in 1993. The couple are selling the two-level house to downsize with plans to live offshore for part of the year.
Belle Property Annandale agents Robert Clarke and Michael Hallit had the listing, which was pitched just above the suburb’s $1.76 million median price for three-bedroom houses.
The March quarter Annandale auction clearance rate was 74 per cent from 28 auctions, which was higher than the inner west’s 65 per cent success rate, according to CoreLogic.
This article was first published in the Sunday Telegraph.
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University of NSW economics professors sell in Annandale

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Mellifont, the historic Annandale Federation Queen Anne building which had been the Calliope Child and Family Centre psychiatrists, has sold for $2.6 million.
The property on the <a href="https://www.realcommercial.com.au/property-medical+consulting-nsw-annandale-502723886" target="_blank">corner of Albion and Johnston Street</a> last traded for $445,000 in 1996 and comprised of a number of consulting rooms.
The local family purchasers are to convert it back to a residence.
It could be turned into a five or six bedroom family home, suggested Pilcher Residential selling agents Simon Pilcher and Rocco Colosi.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/10/meli2.jpg" alt="">
The home on 375 square metres has four car parking and a large wine cellar.
It was once the home of Mary Philomena and John Cahill.
Cahill owned the Australia Soapworks at Camperdown in the 19th century.
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Historic Mellifont building in Annandale sold

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Julian Cress, executive producer of The Block, and wife Sarah have listed their redundant Annandale warehouse.
It previously belonged to Julian's late father, the artist Fred Cress.
The couple, who have set up base in Melbourne's Albert Park with their two young boys, commissioned architect Julian Brenchley and designer Darren Palmer to undertake the recent conversion.
The Johnston Lane warehouse now with four bedrooms, three bathrooms and a ground floor gallery has $4 million hopes at its March 24 McGrath auction.
Cress has been the executive producer of the now-Melbourne based series since its 2003 Bondi launch.
He became critical of Sydney council approvals in his pursuit of development sites for the Channel 9 show.
This article first appeared in The Daily Telegraph.
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The Block executive Julian Cress lists Annandale warehouse

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Artist James Powditch’s converted Annandale warehouse passed in at weekend auction has now been sold.
The $2.85 million opening bid was followed by a vendor bid of $3.7 million, which is understood to be the sale price.
When <a href="https://www.domain.com.au/9a-albion-street-annandale-nsw-2038-2013608848" target="_blank">mixed-media artist James Powditch</a> and his wife, graphic designer Diane Adair bought their Annandale home, it was just an empty shell of a warehouse.
It was marketed as one of the best warehouse residences in Sydney. 
BresicWhitney agent Chris Nunn had a $3.5 million price guide for the 320 sqm building.
The couple paid $1.05 million before its conversion in 2010 into 500 sqm of internal living space, including five bedrooms.
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