It’s been 15 long years since the former Balmain Leagues Club was open to the public. The large 7,330 sqm Victoria Road site had grown progressively more derelict since the doors to the former club shut back in 2010.

Earlier this year, the vertically integrated developer PERIFA, part of the Versatile Group of companies, stepped in and acquired the site, quickly getting to work on construction through its building business Versatile Construction.

PERIFA teamed up with financier Mitsubishi Estate Asia to create <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a new community heart of the charming inner west suburb. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

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A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket, a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

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Buyers weren’t prepared to wait any longer to purchase. When it was time to start selling the development, PERIFA and SRM Residential had buyers queuing out of the display suite door. They secured over 40 sales on launch, including several high-end three-bedroom apartments with sales reaching up to $6.9 million.

Demand has been driven largely by local owner-occupiers who have had <a href="https://www.apartments.com.au/developments/rozelle-nsw-2039">Rozelle</a><a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"> Village</a> on their radar for some time, many of them already living in apartments and looking to upgrade without giving up lifestyle, walkability, or views.

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Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, said the community has had to put up with a derelict site on their doorstep for too long.

“The Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. We’re delighted to embark on a new era for the site, together with our partners Mitsubishi Estate Asia,"&nbsp;Perilli said.

"Our shared vision for <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

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The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

Residents will have private access to a rooftop pool, taking in the views, a rooftop yoga lawn, and podium level gardens.

[smartcode_project_cta:default project_id=8142]

Joel Robinson

From leagues club to lifestyle precint: Inside Rozelle Village 

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<a href="https://www.apartments.com.au/developments/hurstville-nsw-2220">Hurstville</a> has quietly become one of Sydney’s most resilient property markets. Supported by strong transport links, infrastructure investment and a growing multicultural community, the St George hub continues to outperform much of the metropolitan market for both capital and rental returns.

According to Positus Property Investment, Hurstville now ranks among Sydney’s top performers for yield consistency, underpinned by population growth of nearly five per cent since 2021 and persistently low vacancy rates.&nbsp;

Limited new supply is tightening the market further - new dwelling approvals have fallen from close to 600 to under 200 in FY25, a structural shortfall that’s placing upward pressure on rents and resale values.

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As one of the final residential stages in the Kempt Field precinct anchored by Woolworths, <a href="https://www.apartments.com.au/developers/the-one-collection">The One Collection</a>'s <a href="https://www.apartments.com.au/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon</a> represents a rare opportunity to buy into a location experiencing both infrastructure-led growth and constrained supply&nbsp;- now made even more compelling with a limited-time five per cent deposit and matching rebate incentive.

Positus notes that the suburb’s combination of “relative affordability, low vacancy, and rising population” is creating a recipe for continued rental growth and capital appreciation. Weekly rents are increasing faster than strata and outgoings, with two-bedroom apartments seeing the deepest tenant demand - supporting healthy yield margins even after costs.

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Horizon prices begin from $668,000, with one, two, and three-bedroom apartments offering flexible entry points for investors.&nbsp;

The project’s location, a short walk to Hurstville Station, Westfield, and an upcoming dining laneway, St Clair Lane, underscores its liquidity and day-to-day convenience.&nbsp;

A 19-minute express train connects residents to the Sydney CBD, while arterial upgrades such as the M6 and WestConnex further enhance connectivity.

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Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, Horizon’s soft, organic façade mirrors the parkland of Kempt Field, while interiors prioritise light, durability, and smart functionality.&nbsp;

Each home features Smeg appliances, smart home automation, and generous balconies overlooking the bay and skyline.&nbsp;

Amenities include a gym, sauna, games room, meditation deck, and landscaped courtyards, with wellness and social spaces designed to foster community.

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From an investment perspective, Horizon offers what Positus describes as a “value and income sweet spot.” At an average entry price around $745,000 and yields near five per cent, Hurstville units remain roughly $200,000 below comparable inner-west suburbs, allowing investors to capture metro proximity without inner-city risk exposure.

Horizon will deliver 179 one, two, and three-bedroom apartments above St Clair Lane.&nbsp;<a href="https://www.apartments.com.au/builders/masscon">Masscon</a> is on site moving its way up the building, which is scheduled for completion in late 2026, with move-in expected shortly after.

One Collection is currently offering a five per cent deposit incentive for a limited time.

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Staff Writer

The One Collection opens new investment window at Horizon Hurstville with limited-time incentives

The Gold Coast has cemented its position as one of Australia's hottest construction markets, with crane numbers reaching a record 67 in Q3 2025, the highest count since tracking began.

The latest Rider Levett Bucknall (RLB) Crane Index shows the region at 447 points, also a record, with activity surging 110 per cent over the past three years as population growth and investor confidence drive unprecedented development activity.

Residential construction dominates the skyline almost entirely, accounting for 95.5 per cent of all cranes across the Gold Coast. Of the 67 cranes currently operating, 64 are dedicated to residential and mixed-use apartment projects. 21 new cranes were added in Q3 2025 alone, with major developments spanning Surfers Paradise, Main Beach, Broadbeach, Mermaid Beach and Southport reflecting sustained confidence across the coastal corridor.

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The construction boom aligns with exceptional apartment market performance. Gold Coast unit prices reached $950,000 in September 2025 according to the latest Ray White Now Monthly, delivering robust 8.6 per cent annual growth and 0.6 per cent monthly appreciation.

This significantly outperforms the national apartment market average of 6.9 per cent and positions the Gold Coast as Australia's most expensive apartment market, trending ahead of Sydney. This highlights the premium investors and owner-occupiers place on the region's lifestyle amenity.

The scale of residential development reflects both build-to-sell apartment projects targeting owner-occupiers and investors, alongside emerging build-to-rent developments as institutional capital increasingly targets the Gold Coast. Population growth continues driving demand, with the region attracting interstate migrants seeking lifestyle amenity and professionals relocating from southern capitals to embrace coastal living while maintaining career opportunities.

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Project activity spans multiple price points and buyer demographics. Premium waterfront developments in Main Beach and Broadbeach command the highest values and attract downsizers alongside investors, while projects in Varsity Lakes and growth suburbs target first home buyers seeking more affordable entry points into the Gold Coast market. The concentration of cranes along established precincts with beach access reflects where buyer demand remains strongest.

Notably absent from the Gold Coast's construction pipeline is commercial office development, with zero commercial cranes currently operating. The only non-residential activity comprises aged care and education. This underscores the Gold Coast's evolution as a residential growth market rather than a CBD destination, with the regional economy built around tourism, construction, lifestyle services and residential property rather than traditional office demand.

The sustained construction pipeline through Q3 2025 suggests apartment completions will remain elevated through 2026, providing necessary supply for the growing population. With development activity at record levels and strong price growth supporting feasibility, the Gold Coast apartment market continues delivering solid returns for developers and investors navigating Australia's shifting property landscape.

Gold Coast construction hits record high as apartment market delivers strong returns

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> is has officially launched its next residential project, the $240 million Symphony in South Brisbane. It marks&nbsp;the group’s entry into the Brisbane market as it expands the Flourish brand to deliver design-forward, fairly priced homes in an undersupplied market.&nbsp;

With 25 out of 138 apartments priced under $1 million, <a href="https://www.apartments.com.au/new-apartments/symphony-south-brisbane-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a> is expected to attract first home buyers, with Sherpa reserving all one-bedroom and two-bedroom, one-bathroom apartments under $1 million for owner-occupiers and first-home buyers.&nbsp;

Sherpa CEO Christie Leet, said the project is a strategic move to deliver attainable housing in connected, culturally vibrant neighbourhoods, with locals prioritised.&nbsp;

“Our aim with Flourish has always been to help the community,” said Leet.

“That’s why we have chosen to release Symphony to locals first, reserving a portion of apartments for owner-occupiers and first-home buyers to give them a genuine chance to get their foot in the door.”

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Located at 21-23 Cordelia Street, <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a>, Symphony will feature a collection of 138 high-quality apartments, offering spacious one, two and three-bedroom layouts, with prices starting from $655,000.

“It’s no secret that affordability remains a huge issue in today’s market, and many people are simply being priced out,” Leet added.

“We at Sherpa see it as our responsibility to bring well-designed, fairly priced homes to market – that’s what we stand for.”

[smartcode_project:default project_id=7574 project_image_fid=353548]

Residents will have access to a resident rooftop with offers over 1,400 sqm of premium resort-style amenities across two levels. These include a wellness centre with a steam room, sauna, hot and cold plunge pools, a heated pool, as well as pool deck cabanas, private outdoor barbecues, a private dining room, a fully equipped gym, and a yoga room, all with views of the Brisbane skyline and Mt Coot-tha.

Sherpa has also hired a full-time concierge service to assist buyers with the off the plan process, from construction updates, hard hat tours, to showing and helping residents use their appliances once they have moved in.&nbsp;

[smartcode_project:default project_id=7574 project_image_fid=5155]

“Every amenity at Flourish has been designed to help foster a sense of community,” said Danial Clarke, Development and Financial Manager of Sherpa Group.&nbsp;

“The rooftop will be a sanctuary from the city, a place where residents can connect, relax, and ultimately flourish.”

Positioned at the junction of South Bank, West End, and Fish Lane, Symphony offers exceptional walkability to QPAC, galleries, riverside parklands, the CBD, major universities, hospitals, and transport hubs.

Sherpa has already appointed LPS Group to build Symphony. The duo are working together on Sherpa's Palm Beach portfolio.

[smartcode_project_cta:default project_id=7574]

Sherpa officially launches Symphony South Brisbane

Avoca

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Scotsburn, the grand Avoca estate in the Southern Highlands, has sold for a record $9.25 million.
It was offloaded by the Knox grazier family, who paid $8.1 million less than two years ago, an Avoca record.
It was bought by the Lai family, who are behind property giant Zone Q Investments, the Australian arm of China’s JiaHe JianAn Group.
They had been asking $8.9 million through Michael Maloney and Phillip Dwyer from Richardson &amp; Wrench Bowral.
It has been reported the 41 hectare property has been bought by the Chinese Lai family, the family behind Zone Q Investments, the Australian arm of China’s JiaHe JianAn Group.
Monitored by a 16 camera CCTV security system, the sprawling home, complete with five ensuited bedrooms and five living areas, has a mud room, library, billiard room with bar, 2000 bottle wine cellar and a home office.
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In its own wing is a 20 metre heated indoor swimming pool, a gym and a sauna.
The mature landscaped grounds feature a championship all-weather tennis court, boules court, netted veggie garden and orchard
The 41 hectares include improved pastures suitable for cattle or horses, as well as cattle yards, a hay shed, six dams and two permanent springs.
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Southern Highlands trophy home Scotsburn, Avoca sells for $9.25 million

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The Macquarie Group veteran Greg Ward is back in the wine game. He's recently spent $8.4 million to buy the 5th Chapter Estate in the Southern Highlands.
The 40 hectare Avoca country estate had been in the hands of the Manasseh foods for two or so decades.
The brothers Roy and Michael paid $2.5 million in 1998 and planted the vines a year later. There are four hectares of vines with Sauvignon Blanc and Pinot Noir plantings.
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Aside from the winery and cellar door, there's a grand manor-like home with nine bedrooms and eight bathrooms in the Japanese gardens.
Ward, also a part-time motorhead, has been at Macquarie since 1996. 
He became head of banking and financial services group in 2013 and has driven the growth of Macquarie’s retail financial services business. 
Wine has been off Macquarie's group head of banking and financial services menu since 2010 when he sold Echo Ridge, up in the Hunter Valley's Pokolbin, for $2.2 million to Sydney fundie Michael Hill.
Meanwhile sone of Australia's biggest winemakers have agreed to change their supply agreements with grape growers, after Rod Sims ACCC raised concerns that the contracts contained terms which were likely to be unfair.
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Macquarie director buys $8.2 million Avoca vineyard

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Glenora Farm in NSW's Southern Highlands has sold for $5 million.
Described in the listing as "one of the largest quality rural property holdings presently available" it comprises 280 acres and came with a price guide of $5.95 million.
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The land is approximately 90-95% cleared with timber sections providing shade for cattle &amp; over 15 paddocks with a central herding lane way system and driveways.
It is currently running 170 head &amp; can produce up to 3,500 bales of silage per annum in good seasons, according to the listing.
Currently serving as the dry run &amp; feed/hay/silage producer for the Dairy at Hazel Cottage Farm (240 Acres), which is just 1 km away, Glenora Farm features productive basalt &amp; loam soils.
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The homestead, a brick construction with high ceilings was wholly updated in the early 1980's, with the kitchen updated again in 2008.
A three bedroom two bathroom affair, the abode features 2 extra office/study rooms and a slow combustion fireplace.
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Glenora Farm in NSW's Southern Highlands sold for $5 million

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Scotsburn, an architectural home in Southern Highlands with panoramic district views, is on the market with a price guide of $8.9 million.
The 102-acre property has been offered by Michael Maloney and Phillip Dwyer from Richardson &amp; Wrench, Bowral.
Scotsburn at<a href="https://www.realestate.com.au/property-lifestyle-nsw-avoca-7999486" target="_blank"> 60 Bresnahan Lane, Avoca</a> features five extra-large bedrooms, five living areas, gourmet kitchen, billiard room with bar, and home office.
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The grand entry comes with wide foyer, soaring ceiling and double glazed window. 
Other features of Scotburn include mature landscaped grounds, heated indoor pool, all-weather tennis courts, and boules court. 
The property also includes in ground water tanks, three phase power, solar system, improved pastures six dams and permanent springs. 
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Southern Highlands trophy home Scotsburn in Avoca listed for $8.9 million

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The top rating 2GB breakfast broadcaster Alan Jones has settled on his apartment acquisition in Circular Quay's iconic Toaster building.
And he has sold his <a href="https://www.realestate.com.au/sold/property-apartment-nsw-avoca+beach-125638706" target="_blank">little-used Avoca Beach retreat</a>.
Documents show the broadcaster paid $10.5 million for the sixth floor apartment overlooking the Opera House.
His off market acquisition was from the Queensland coal miner Brian Flannery who had paid $3.9 million for the apartment in 2003.
Jones' city apartment, spanning 200 sqm internal space, cost $52,000 per sqm, a figure reflective of the status of apartments on the tip of the iconic Sydney complex.
Flannery also recently sold his adjoining 120 sqm apartment with lesser views for $3.65 million which was at nearly $30,000 per sqm.
The highest price paid for an apartment in the Toaster building was $18 million when hotelier Sam Arnaout secured the penthouse from Margaret Maloney, the widow of the late hotelier Cyril Maloney.
Recent off the plan prestige offerings around Circular Quay have hit as high as $96,000 a square metre.
Jones has been renting in the block since 2001 when he sold his $2.9 million Newtown warehouse of 12 years.
These days he spends most of his spare time in the Southern Highlands at Charlieville, a 28 hectare estate in Fitzroy Falls.
 
He has been renting out the little used Avoca Beach apartment at a pricey $5,000 a week asking price.
Designed by renowned architect Cathy Slater, The Lighthouse complex is in an block of six on the Avoca Beach hillside.
Spanning 450 sqm of indoor and outdoor living space, it has three bedrooms, three bathrooms, a separate massage therapy room and a grand entertaining terrace with plunge pool.
Jones paid $4.5 million in 2008. 
LJ Hooker Terrigal agents Tim Andrews and Matthew Farrugia advised a $4.5 million plus price guide. It was sold pre-auction at an undisclosed price to a Bellevue Hill family.
The 2GB broadcaster, who has been hosting the show since 2002, extended his stellar ratings lead in the Sydney breakfast market having returned to the mic after illness.
His 2GB's breakfast ratings increased its share to 13.9 percent.
However he told his audience this month he won't be able to answer every email he gets, given his orders of doctors to ease up after a number of health scares.
Jones has been known to be prolific in his response to listener concerns.
This article first appeared in the Daily Telegraph.
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Broadcaster Alan Jones sells Avoca apartment 

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Coal baron Peter Freyberg and wife Kylie have spent $4.6 million in North Avoca, the biggest sale the Central Coast beachside location has seen.
The North Avoca Parade beach house sale through Ray White Terrigal agent Shaun Hudson-Smith pipped the previous $4.55 million suburb record set in 2006 then shared in 2008.
Peter, a former Xstrata coal chief executive, spent $12,365,000 last year on the Eliza penthouse on Hyde Park.
The 420 sqm penthouse spanning two floors has four bedrooms, five bathrooms and a rooftop swimming pool.
This article first appeared in the Daily Telegraph. 
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Coal baron Peter Freyberg pays Avoca record

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The international fashion designer Collette Dinnigan and her hotelier husband Bradley Cocks have snapped up Springfield Farm, a European-style abode in the Southern Highlands.
<a href="https://www.propertyobserver.com.au/https://www.randw.com.au/property/278270" target="_blank">The charming Avoca offering</a>, with views to Mt Gibraltar, had been for sale for six years with a recent amended $4.75 million asking price.
The couple, back in Australia from their Italian base, secured the property after their recent stellar $9 million sale of of their Watsons Bay home to Justin and Dom Hind, co-founders of WiTH Collective digital advertising agency.
Entered via a gorgeous long tree-lined driveway, the property has two French-syle timber barn-style buildings either side of a sandstone structure.
There's a sensational living room with gas open fire and high raked ceiling with mezzanine level. 
There's five bedrooms plus a three bedroom groundkeepers' cottage.
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The northerly views over lush pasture-land are a key feature of the property about 15 minutes' drive from Bowral.
The grounds have sweeping fully irrigated lawns, a tennis court, ornamental lake, plus stables and paddocks for horses.
There's the must have vege plot, fruit trees and even a small vineyard. 'An amazing property presented in pristine order," was how Richardson &amp; Wrench Bowral agent Michael Maloney marketed the eight hectare holding.
The vendors, Sydney barrister Stephen Flett and his wife, Di, bought the property 11 years ago for $2,525,000 from solicitor Gavin Solomon and his wife, Kathy and then spent $2.5 million upgrading it. 
Its initial pricing had $6 million expectations.
After selling their Careel Bay, Palm Beach retreat for $3.2 million to actor Sophie Lee and adman Anthony Freedman, Dinnigan retained a South Coast retreat and commercial space in Paddington.
This article was first published in the Sunday Telegraph
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