Developer-builder <a href="https://www.apartments.com.au/developers/dasco-australia">DASCO</a> has pushed beyond the now-standard inclusions of rooftop pools and landscaped podiums at its recently launched new Epping project, Senso.

It has laid out over 4,000 sqm of resident-only amenity in a move designed to compete directly with low-density housing on livability, not just density. The result is a development that supports genuine daily use through purposeful spaces distributed across its five-building, 479-apartment precinct.

[smartcode_project:default project_id=134954 project_image_fid=4396]

Two rooftop pools form the anchor of Senso. One is a 27-metre lap pool adjoining a heated spa, designed for everyday fitness rather than just summer leisure. The second sits on a lower podium, allowing different buildings to share in vertical access and reducing crowding during peak times.

It is the secondary spaces that start to distinguish Senso from other large-scale suburban projects. A rooftop cinema is integrated into a landscaped terrace, offering open-air screenings with natural ventilation and passive cooling.&nbsp;

The inclusion of a “sensory walk”, an elevated boardwalk that threads through the site, suggests a rare investment in non-commercial, non-essential amenity: space for quiet movement that doesn’t double as access or traffic circulation.

[smartcode_project:default project_id=134954 project_image_fid=4402]

The gym and wellness centre, often relegated to a small ground-floor room in many builds, takes on more substance here. Residents have access to a fully equipped gym, as well as outdoor yoga areas and meditative zones that integrate greenery and natural light.&nbsp;

The Club Lounge is similarly designed to support multiple use cases, with a private dining terrace, kitchenette, workspace, and lockable wine storage. These aren’t superficial additions; their scale and spatial allocation indicate serious intent for frequent resident use.

[smartcode_project:default project_id=134954 project_image_fid=4391]

Importantly, Senso’s amenities are embedded within a site that spans more than 10,000 sqm, allowing for better separation between spaces and reduced noise spillover, a critical but often overlooked factor in high-density developments. This spatial generosity also enables multiple alfresco kitchens and communal terraces without compromising individual privacy or usable space.

While many developments make claims about lifestyle, few back it with this level of built infrastructure. Senso’s mix of dedicated fitness, wellness, social and passive green spaces suggests a conscious response to the post-pandemic shift in housing expectations, especially among owner-occupiers.&nbsp;

DASCO is one of several leading developers who have taken out Resilience Insurance's Latent Defects Insurance policy, providing buyers with a 10-year structural and waterproofing warranty, and giving them the ultimate peace of mind.

Senso is scheduled for completion in late 2028.

[smartcode_project_cta:default project_id=134954]

Staff Writer

The outdoor amenities elevating life at Senso, Epping

Following the proposal by the Minns Labor Government to rezone Parramatta Road to create up to 8,000 new homes, prominent developer Ceerose has gone to the NSW Gov to increase the density of its new mixed-use residential building in Leichhardt.

<a href="https://www.apartments.com.au/builders/ceerose">Ceerose</a>, founded by Edward Doueihi nearly three decades ago, has filed plans for 154 apartments above ground-floor retail at 307-315 Parramatta Road, a key corner site near Norton Street, the main high street strip in Leichhardt.

It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="ba1ae75b-5f08-43fb-b8d5-3de6d9f6ef71" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.39%E2%80%AFAM.png?VersionId=yA3hBBLPH4ev7MsAE0_hieXeqiFqBUb7" />

The project is being advanced through the State Significant Development (SSD) pathway, with concurrent rezoning sought to facilitate the proposal. The 10-storey development would rise over a four-level basement and deliver two retail tenancies, one a larger-format offering and the other a smaller “hole in the wall” space, addressing the Parramatta Road frontage. 21 of the apartments are dedicated as affordable housing.

According to the Urban Design Report by Architecture AND, the scheme includes a podium and tower configuration, with a fine-grain, two-storey parapet street wall that references the traditional shopfront rhythm along the corridor. “An elegant tower form is proposed, combined with a characterful two storey frontage... articulating it as two related buildings, providing consistency with the rhythm and grain of Parramatta Road,” the report notes.

The residential component is split across two slender towers set back from the street edge, a design move aimed at preserving solar access and reducing perceived bulk. This massing strategy also seeks to improve residential amenity by focusing scale toward the quieter northern interface, away from Parramatta Road’s noise and pollution.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="347f2f8f-5d36-4388-b40a-2e77380b9c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-04%20at%2010.31.02%E2%80%AFAM.png?VersionId=xvyUE2ujT1lzivXTo.mHBJFF4SmfgLtz" />

Architecture AND has worked with Ceerose on previous Inner West projects, and cites a deep familiarity with the local character. Their design draws heavily on context, heritage, and sunlight access considerations, and engages with the Inner West Council’s “Our Fairer Future” strategic planning framework.

The site spans 2,712 sqm and is located near key intersections with Catherine Street, Hay Street, and Redmond Street. It adjoins a public carpark to the north and is within walking distance of Stanmore and Petersham stations. It is also flagged in state and local planning strategies, including the Parramatta Road Corridor Urban Transformation Strategy, as a suitable candidate for increased density.

Ceerose recently completed The Alex Collective on McEvoy Street in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay.

The Parramatta Road corridor is coming to life with the proposed rezoning which is serviced by a significant number of bus, light rail and train routes.

Deicorp is progressing with its $1.8 billion <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> precinct on Parramatta Road in Five Dock, as is <a href="https://www.apartments.com.au/news/nsw/toga-to-push-on-with-five-dock-mixed-use-masterplan">TOGA further down the street</a>. Those two projects alone will bring nearly 2,000 new homes to Parramatta Road.

Joel Robinson

First look: Ceerose plots mixed-use Leichhardt development on Parramatta Road

North Sydney's landmark 'SBS Building' on Alfred Street is set to be demolished to make way for a new mixed-use residential tower in the booming North Sydney.

Commercial property group FiveX is behind the plans for a <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">39-storey tower</a>, the latest project to advance under the NSW Government’s Housing Delivery Authority pathway.

They are proposing 184 apartments above retail spaces, which will replace the existing 20-storey commercial building. FiveX was set up more than five decades ago by Joshua and Marko Berger. It is currently led by Joshua's son Lesli.&nbsp;

<img alt="First look: Fivex plans 39-storey residential tower at 275 Alfred Street, North Sydney" data-entity-type="file" data-entity-uuid="2efa0980-53fa-4cca-9f9e-9c3c845d4746" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29%20%281%29_0.png?VersionId=y_YyPMq3NQLfYRs84pP4os9UgWiMLp75" />

According to the Architectural Design Report by <a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>, the slender tower form has been deliberately designed to respect the site's transitional setting at the southern gateway to the North Sydney CBD, where high-rise towers give way to lower-scale residential precincts.

"The slender tower form and articulated podium establish a respectful relationship with nearby heritage and low rise buildings, including the Whaling Road Heritage Conservation Area,” the architecture firm noted, adding that the tower “completes a missing link in the urban fabric” while enhancing the Alfred Street streetscape.

The proposed building will include a mix of one-, two- and three-bedroom apartments, with 15 percent of the gross residential floor area allocated as affordable housing. There is an agreement already in place that those apartments will be managed by Evolve Housing.

The project aligns with broader state housing objectives, including the National Housing Accord target of delivering 1.2 million new homes by 2029. The Scoping Report filed with the State Significant Development Application (SSDA) suggests the site "presents no impediments to rapid delivery,” with construction able to commence within 12 months of receiving consent.

North Sydney has been one of the most popular suburbs in Sydney for new and off the plan apartment development, but hasn't had the supply to keep up with demand, until recently.

AURA by Aqualand was, for a long time, the only off the plan apartment building on the market. That completed last year, and has sold the majority of its 386 luxury apartments. Recently ALAND launched <a href="https://www.apartments.com.au/new-apartments/the-walden-173-179-walker-street-north-sydney-nsw-2060">The Walden</a> on the same street, selling over $100 million within just a few hours of its launch, while developer CASA also launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-mclaren-north-sydney-45-mclaren-street-north-sydney-nsw-2060">The McLaren</a>&nbsp;in the same precinct.

First look: Fivex plans 39-storey residential tower in booming North Sydney

Kokoda Property Group has announced the Sydney-based Versatile Construction as the builder for its landmark $1.5 billion <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> precinct.

Construction of the 17,612 sqm site is scheduled to commence in December 2025 and is expected to be delivered in stages from 2028. Once complete, <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> will comprise 212 residences across four architecturally distinct buildings, alongside Brisbane’s first Kimpton Hotel, extensive retail, hospitality, and wellness amenities.

[smartcode_project:default project_id=139896 project_image_fid=295098]

Kokoda Property Group Founder and Managing Director, Mark Stevens, said appointing Versatile Construction marks a significant milestone for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“Partnering with Versatile Construction gives us confidence in delivering a precinct that sets a new benchmark for luxury living, curated experiences and vibrant riverfront activation," Stevens said.

"Together, we will bring the vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a> to life, creating a destination that residents and visitors will enjoy for generations."

Throughout the construction phase, more than 2,000 jobs will be created, supporting hundreds of local contractors and suppliers.

[smartcode_project:default project_id=139896 project_image_fid=352274]

Marco Fahd, Chairman &amp; CEO at Versatile Group, said the company is looking forward to&nbsp;expanding their footprint in the state, taking on their inaugural project in Brisbane.

"We are proud of the unwavering commitment our team of experts have to quality and certainty in delivery and are excited to work with Kokoda to bring their vision for this unique project to life," Fahd says.

Sales reached $285 million on the launch of <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>, with sales momentum continuing to "exceed all expectations."

Stevens says the overwhelming response from buyers validated the group’s vision for <a href="https://www.apartments.com.au/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe-qld-4005">Teneriffe Banks</a>.

“The demand for a luxury product in this enclave has been extraordinary, we’ve never seen anything like it before. It reinforces everything we’re doing around quality, design, and creating genuine lifestyle precincts. Buyers are recognising the enduring value of Brisbane’s riverfront and are responding to the opportunity to live within a world-class destination that celebrates both place and lifestyle.”

[smartcode_project_cta:default project_id=139896]

Kokoda appoints builder for $1.5 billion Teneriffe Banks waterfront precinct

Castle Hill’s booming development market is set for another boost, with builder-developer Buildex proposing a new mid-rise apartment building near Castle Towers.

Buildex has submitted plans to The Hills Shire Council for a <a href="https://www.apartments.com.au/new-apartments/197-old-northern-road-castle-hill-nsw-2154">nine-storey building comprising 57 apartments</a> on Old Northern Road. The company acquired two adjoining sites earlier this year, totalling more than 2,683 sqm.

Texco Design has prepared the scheme, which includes five one-bed plus study apartments, 37 two-bedrooms, and 15 three-bedrooms.

Castle Hill has become a hotspot for developers in recent years, undergoing significant transformation driven by the opening of the Hills Showground Precinct to development and the introduction of two metro stations servicing the suburb.

Developers including Deicorp and Kassis Homes have already completed projects, and are progressing future developments, while Meriton, Arada, and Ellipse are currently delivering new projects in the rapidly evolving area.

First look: Buildex plans 57 apartments near Castle Towers

Brickx

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BrickX has been acquired by Thundering Herd, a venture capital and private equity investment firm.

Markus Kahlbetzer's BridgeLane Capital Pty Ltd, which had provided funding for the acquisition of properties, is no longer a shareholder or related party of BrickX, the fractional property investment platform.

The venture capital outfits of National Australia Bank and Westpac have also cashed out of their investment in BrickX, along with Reinventure Group.

Thundering Herd are making plans to expand the current property portfolio across both residential and commercial markets. 

The platform has 19 properties, with its <a href="/news/wa/brickx-invest-in-first-perth-property">last purchase at Perth</a>, its first in WA, back in November 2018. 

Despite having stalled, the AFR reported BrickX was in the final stages of due diligence for more than 10 properties.

The BrickX acquisition adds to Thundering Herd's portfolio of investments in the property space.

The VC firm is the majority owner of debt syndication platform Lend Collective and the largest secured creditor of fractional property play DomaCom.

The BrickX platform, which was co-founded by Darren Patterson in 2014, will continue to function with no envisaged disruption.   Thundering Herd's recent investments include Lend Collective and GoFetch.

Thundering Herd's 2015 co-founder is the Melbourne based Joe Galvez, having worked for the likes of Deutsche Bank, Merrill Lynch, Morgan Stanley and Macquarie Group.

It is not known what price Thundering Herd paid for the business which saw the two big banks initially backed BrickX in late 2017 and early 2018, when they both took a stake in a $9 million Series A funding round.

BrickX has around 70,000 people signed up to the platform with just the 10,000 active investors.

Each property is divided into 10,000 bricks and the value fluctuates based on the market sentiment at the time. Investors receive rental income based on their share.

Allunga Advisory helped with the search for the new capital partner.

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=29358]

[smartcode_project:default project_id=22699]

[smartcode_project:default project_id=3298]
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jchancellor-FAypfDUnLy

BrickX sold to Thundering Herd by BridgeLane-led venture capital syndicate

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With auction clearance rates pointing to stronger real estate markets, property ownership disruptor BrickX could be looking to expand its portfolio of houses and flats, to allow more investors to buy its “bricks”.
BrickX is understood to be fielding investment options from a range of suitors interested in its concept of fractionalising property ownership. 
After just three months in the role BrickX’s CEO Kareene Koh has announced a permanent fee cut to the property investment service.
BrickX has slashed its fees on the purchase and sale of Bricks from 1.75 per cent to just 0.5 per cent. 
“Our vision is to make property accessible for all Australians by providing a simple way for our growing community to share in the Australian residential property market.” says Kareene.
In the last five years, BrickX has grown to over 13,500 members and touts 19 properties users can invest in. 
With the new reductions a member purchasing a Brick for $50 would only have to pay a fee of 25 cents.
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j.ballantyne1990-6AQqhLzZaK

BrickX permanently cuts fees by 70%

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Fractional property investment platform BrickX have entered the Perth market over the Christmas period.
They've paid $1.04 million for a renovated 1930s home at <a href="https://www.realestate.com.au/sold/property-house-wa-kensington-129759462" target="_blank">29 Campbell Street</a> in Kensington, a southern suburb of Perth.
Its purchase reflected a 3.5% rental yield.
They are yet to release the cost per brick, which is how investors value their share of the property.
Their first purchase in Perth was undertaken after consultation with its buying panel, which include CoreLogic's Tim Lawless and the REA Group's chief economist Nerida Conisbee. The buying team includes two buyers' agent.
<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/2019/2/4/Brickx-Perth2.jpg" alt="">
The three bedroom, two bathroom home on the leafy Campbell Street is currently seeking $700 a week tenants.
BrickX snapped up the character home just eight days in to its marketing.
It last traded for $216,000 in 1997.
Kensington's median house price value has increased 4.6% in the last five years. It now sits at $895,000, approaching its 2015 highs of $910,000.
It's now the fourth state BrickX invested in, with previous purchases in New South Wales, Victoria and South Australia.
Last year they bought their first property in Central Victoria, a home <a href="/news/brickx-buy-first-regional-property-at-soldiers-hill-ballarat">in Soldiers Hill</a>, quickly followed by <a href="/news/brickx-buy-again-near-ballarat-in-central-victoria">another in Ballarat</a>.
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jonathanchancellor-7SQnKwU6yx

BrickX invest in first Perth property

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Fractional property investment platform BrickX have continued their 2018 spending.
They've settled on a <a href="https://www.realestate.com.au/sold/property-house-sa-kingswood-128923126" target="_blank">1920s home in Kingswood</a>, a southern suburb of the Adelaide CBD near Mitcham Square.
It's the second property they've bought in South Australia having spent $825,100 on a St Peters home mid last year.
<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/2018/10/10/BrickX1.jpg" alt="">
The new $567,500 purchase has two bedrooms and one updated bathroom.
The character features of the 1920s have been retained, including high ceilings, polished timber floorboards and an open fireplace.
It has an outdoor entertaining area with verandah and pergola on its 301 square metre Arnold Street parcel.
<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/2018/10/10/brick3.jpg" alt="">
Bricks are being offered at $47 per brick.
A tenant has been secured at $400 a week, which reflects an annual net rental yield of just under 1.6%.
The home is set to bring in a total of $7,429 a year.
BrickX advise the historical suburb growth of Kingswood is 7.5% per annum.
Earlier this year BrickX bought a property in Soldiers Hill, their first in Central Victoria, quickly followed by another in Ballarat nearby, as well as an apartment in Darlinghurst. 
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jrobinson-rf4aSBido9

BrickX secure second Adelaide property

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Fractional investment platform BrickX have secured their second property in Ballarat in as many months.
They've secured a three bedroom Haverlock Street home which last traded for $200,000 in 2013. 
It's been extensively renovated since then and now features timber floored living and dining spaces and a new kitchen.
<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/2018/9/19/BRICKX2.jpg" alt="">
The front facade has been given a facelift and there's now a dedicated rear alfresco courtyard space on the 615 sqm block.
Recent street sales suggest the home could have fetched anywhere between $300,000 and $415,000, however more likely at the top end of the scale.
 <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/2018/9/19/brickx3.jpg" alt="">
BrickX have advised in their marketing for the Bricks that the Ballarat North region has seen an eight percent annual growth over the last 20 years.
It is being offered at $34 a Brick.
It's the <a href="/news/brickx-buy-first-regional-property-at-soldiers-hill-ballarat">second central Victoria property</a> BrickX have bought in as many months.
In August they announced their first, not far away in Soldiers Hill, another suburb of Ballarat.
They paid $401,000 for a two bed home on 410 sqm, with Bricks being offered at $33 per brick.
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BrickX buy again near Ballarat in Central Victoria

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Fractional property investment platform BrickX have bought their first regional property in Central Victoria.
They've spent $401,000 on a two bedroom home in Soldiers Hill, a small suburb of Ballarat.
BrickX suggest regional Victoria has been popular with first home buyers, families and investors who have been priced out of the Melbourne market in the last 12 months.
"Ballarat is particularly attractive due to its quieter lifestyle, picturesque town centre and proximity to Melbourne," BrickX advised. 
The last two bedroom home to sell on the street <a href="https://www.realestate.com.au/sold/property-house-vic-soldiers+hill-128297754" target="_blank">fetched $295,000</a>, while another <a href="https://www.realestate.com.au/sold/property-house-vic-soldiers+hill-126316626" target="_blank">two bedroom home</a> on the street sold for $275,000 late last year.
<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/2018/8/22/brickx3.jpg" alt="">
There's been over eight percent annual historic region growth over the last two decades.
The 418 sqm block of land sold for $200,000 in 2010 before the home was built.
BrickX are offering Bricks at $33 per Brick, their cheapest offering across their 16 properties.
The buyers agent Cate Bakos recently suggested recent capital growth run over the last four years had adversely impacted the median rental yield figures.
"The rising rents have not kept up with the rising house prices; and this is not unusual," adding state-based stamp duty concessions for first home buyers had played a part in the growth trajectory of Victoria's more affordable regional centers.
She noted Soldiers Hill was the favoured suburb for most Melburnian investors "who aspire to a Fitzroy styled suburb with turn of the century buildings, brick terraces and wide, tree-lined streets and the beautiful city center within short walking distance."
Soldiers Hill has enjoyed a reported 8.2% average annual capital growth of late and the popularity of postcode 3350 continues to attract newcomers to the area.
The underlying growth prospects for Ballarat as a city relates to job growth, increased employer options, new government contracts and easier commutes to Melbourne, Bakos suggests.
Rail upgrades that have enabled faster train travel, increased services and the continued introduction of government de-centralised services have enabled Ballarat to become a stand-out option for first home buyers, upgraders, downsizers and local buyers.
It's the second Brickx purchase this year after the innovative platform spent $639,000 on a <a href="/news/brickx-buys-its-15th-fractional-ownership-property-in-darlinghurst">one bedroom apartment in Darlinghurst.</a>
BrickX went on a buying spree last year, securing six properties.
They started with a $1.3 million <a href="/news/brickx-offers-95-brick-for-townhouse-in-sydneys-surry-hills">Surry Hills townhouse</a>, before buying an $885,000 <a href="/expert-insights/investing/brickx-on-buying-spree-unveil-one-bed-potts-point-unit-at-66-a-brick">Potts Point one bedder</a> and $1.11 million <a href="/news/brickx-to-offer-manly-apartment-for-87-a-brick">two bedroom apartment in Manly</a>.
They then bought their second Melbourne property, a <a href="/news/brickx-launches-terrace-home-in-melbourne-s-brunswick-west-at-99-per-brick">$1.19 million, three bedroom house</a> in Brunswick.
A $1.83 million <a href="/news/brickx-to-offer-balmain-house-to-investors-for-140-per-brick">Balmain East home</a> followed, before Brickx ventured in to Adelaide for the first time, securing a <a href="/expert-insights/investing/brickx-set-to-offer-adelaide-house-to-investors-at-74-a-brick">two bedroom St Peters home</a> for $825,100.
When entering the Adelaide market, CEO Anthony Millet said he wanted to offer investors diversity and an alternative to the Sydney and Melbourne property markets. 
 
 
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BrickX buy first regional property at Soldiers Hill, Ballarat

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Fractional property investment platform BrickX have announced their first property of 2018, an apartment in Darlinghurst. It is now their 15th property in total.
BrickX paid $639,000 for the one bedroom unit on the tree-lined Royston Street. They are offering Bricks at $69.
It was advertised by Ray White Elizabeth Bay selling agents Ian Campbell and Nick Thompson as an attractive affordable first home.
<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/2018/4/4/brick2.jpg" alt="">
Last traded for $360,000 in 2011, the top floor apartment on level three is set in the corner of the Art Deco building.
There is a separate kitchen, bedroom and ensuite.
Last year in the block there were two sales of one bedroom units. One sold for $635,000, the other $656,000.
<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/2018/4/4/brickx1.jpg" alt="">
BrickX are suggesting there is a strong net rental yield of 2.5%.
They say over 60% of Darlinghurst residents are renters.
CoreLogic figures show house prices in Darlinghurst have increased by 7% per annum over the past 20 years.
Tim Lawless, CoreLogic Head of Research and member of the BRICKX adviser panel, said the return is better than average.
“The past two decades has seen Darlinghurst unit values rise at the annual rate of 6.6% per annum which is higher than the Greater Sydney average.
“With solid labour market conditions low mortgage rates and overseas migration rates continuing to boom across New South Wales, inner fringe apartment markets where new supply is constrained are likely to continue outperforming the broader market.”
BrickX have just announced they have reached 10,000 members, with over $17 million transacted on the platform since its launch.
The first four properties since the launch have returned an annualised return of seven percent.
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BrickX buys its 15th fractional ownership property in Darlinghurst

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Fractional property investment platform BrickX have announced that NAB Ventures, National Australia Bank’s corporate venture capital arm, has invested in the startup.
The deal is part of a $9 million Series A funding round.
BrickX allows Australians to invest in residential property by buying 'Bricks' in a BrickX property.
The platform means people can invest in residential property for a few hundred dollars.
NAB Ventures – which supports businesses and entrepreneurs in their quest to build leading technology companies – saw the investment potential in democratising property ownership in the Australian market.
The value of BRICKX in providing Aussies with a financial stepping stone to achieve the Australia Dream of home ownership was another driver for investment. 
BrickX CEO Anthony Millet said BrickX is expanding rapidly.
“Housing affordability continues to be a priority for Australia’s banks, so the alignment between BRICKX and NAB Ventures has a strong and unified purpose.
“The prohibitive costs and high deposits needed to gain access to the property market, has left many out in the cold. However, BRICKX has opened up the residential property asset class as an alternative investment to any of the traditional investment options. 
“Considering the recent volatility in the cryptocurrency and stock markets, Australians are recognising the longer-term stability of property prices.” 
Todd Forest, Managing Director of NAB Ventures, said he was excited to invest in BRICKX and help support a new way of approaching property ownership. 
“The aspiration for property ownership has long been the Australian dream, however buying a property often has challenges for many consumers – such as the rise in house prices in some areas and trying to save for a deposit. 
“BRICKX is disrupting this journey, in how it provides consumers with access to the property market and engages with them in creating a pathway to property ownership.
“NAB Ventures chose BRICKX as the leading opportunity, based on its unique business model, exceptional user experience and the opportunity to leverage the platform to innovate and help more Australians with their home ownership goals.” 
Founded in 2014, BRICKX launched to retail investors in September 2016 and has grown to offer 14 properties across Sydney, Melbourne and Adelaide along with more than 9,000 members.
They have properties in Sydney's Mosman, Manly, Potts Point, Darlinghurst and Bondi Beach, as well as a terrace home in Melbourne's Brunswick and a stone fronted villa in South Adelaide.
The NAB Ventures investment in the 'Series A' funding round for BRICKX follows on from Westpac’s Reinventure investment in late 2017.
Since the Reinventure investment, the number of BRICKX members has grown by nearly 25%. 

 
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NAB banks on property tech disruptor BRICKX to rebuild hope in the Australian Dream

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BrickX, the fractional property investing platform, is seeing discounted prices available on the ‘brick’ valuations on many of its properties.
Discounts on official valuations were available on eight of its property offerings.
BrickX divides each property it acquires into 10,000 units it calls ‘Bricks’ and offers them to investors. 
The largest discount per brick was for a two-bedroom unit at <a href="https://www.brickx.com/properties/DBB01/summary" target="_blank">7/22 Ocean Avenue</a> (picture above) in Sydney’s Double Bay. The discount is 2.5 percent for a brick priced at $96. 
The discount is measured as a percentage of the official ‘brick’ valuation price. In this case, the brick valuation price is $98.46. 
Another two-bedroom unit, this one at Manly’s 4/8 James Street, has its bricks discounted by 2.3 percent. The lowest available brick is priced at $85 now.
In Bondi Beach, the discount on a brick for a two-bedroom unit at 2/5 Ramsgate Avenue is 2.19 percent. The lowest brick is priced at $98.
In Sydney’s Mosman, there is a discount of 1.69 percent on each brick of $141 for a two-bedroom unit at 18/5 Parriwi Road.
In Sydney’s inner suburb of Surry Hills, a two-bedroom unit has its bricks being offered at a discount of 1.05 percent at $94 per brick.
Another Melbourne property, at three-bedroom house at 10 Shamrock Street in Brunswick West, has its bricks discounted by 1.01 percent at $98 per brick.
A house in Sydney's Annandale at 109 Albion Street has its lowest priced 'brick' being offered at a discount of 0.74 percent to the 'brick' valuation. The lowest brick price is $112. 
Another house, this one a three-bedder at 24 Clayton Street in Sydney’s waterside suburb of Balmain, has bricks being offered at a 0.71 percent discount at $139 each.
The same discount of 0.71 percent is being offered for a two-bedroom unit at 4/6 Miller Street in  Melbourne’s Prahran. The price for the lowest available brick is $123.
Not all properties held by BrickX have discounts though.
Property Observer counted five properties where bricks are being sold at a premium. One at Enmore is trading at an eight percent premium to valuation. There also are properties in Adelaide’s St Peters, Port Melbourne, and in Sydney’s Potts Point and Darlinghurst at a premium.
At last count, BrickX had 8,256 active members while its properties had a total value of $16.87 million.
During the release of its six-monthly valuations in July, BrickX said the Annandale house rose in value by 7.4 per cent in the last six months, the most for any of its acquisitions. 
<div>Investors are in control of selecting the price at which they wish to sell their Bricks, its CEO Anthony Millet recently advised.</div>
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<div>"Whilst property is generally a medium to long term investment, the opportunity to put your Bricks up for sale does give a lot of flexibility to the investor in exiting should their investment strategy or personal circumstances change. </div>
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<div>"At any point in time we have a number of sellers who are selling their bricks (as is to be expected with any investment, shares, or pulling money out of a savings account etc) which also provides liquidity opportunities for buyers to enter existing investments."</div>
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<div>He said the majority of these transactions occurs within a +/- 2% premium or discount to the last valuation (last conducted in July 2017).</div>
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<div>"To date the median time it has taken someone to sell their position has been circa 14 hours - which is pretty amazing when you consider how long it takes to sell an entire property.</div>
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<div>"In addition, customers are only paying a 1.75% transaction fee when they sell, which considered against the cost of selling a property can often be 4%+ (when you take into account agent fees, lack of rent/voids periods, remedial work) this compares very favourably to the traditional way of dealing in property.</div>
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<div>"New and existing investors also see Brickx listed for sale at a discount to the last valuation as a good opportunity to enter the property market or add to their position and build their portfolios.</div>
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<div>"As at now, Bricks listed for sale at discounts relate to 0.6% of the total value of the BRICKX portfolio, so are relatively thin in volume," he said last week.</div>
 
 
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Discounted BrickXs on offer - but in thin volume 

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Westpac Banking Corp's venture capital fund Reinventure Group has invested in the fractional property ownership platform Brickx.
Reinventure have not disclosed the amount of the fund's investment.
The deal is reportedly the 17th investment by Reinventure Group, which has received $100 million of funding from Westpac. 
Reinventure is also backing other property related startups including openagent.com.au and Nabo, a free social media platform that enables individuals and community organisations to instantly and directly connect online with others in their suburb.
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Danny Gilligan, co-founder of Reinventure, says it was attracted to Brickx as the site was looking holistically at the property financing, buying and living experience on one platform. 
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Around half of the 7600 investors on the Brickx platform are under the age of 35.
Some three-quarters of them have never had any exposure to residential property.
The platform allows investors to purchase "bricks", or part-ownership rights that allow their owners to access capital gains on the property and receive rental income.
The bricks can be sold on the platform.
Each of the current 14 properties are split into 10,000 bricks. 
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<div class="cq-article-content-media section">Brickx CEO Anthony Millet told Fairfax Media that many investors have been buying "bricks" as an alternative to bank deposit.</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">He said banks were interested in Brickx because it could provide self-managed superannuation funds (SMSFs) with exposure to property without them having to buy an entire property and manage it.</div>
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The platform may potentially be used to create an alternative to a reverse mortgage, freeing up home equity for retirees able to bring their existing property onto the platform.
 
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