Developer <a href="https://www.apartments.com.au/developers/bottega-property-group">Bottega House</a> has secured council approval for its first Brisbane project - a $270 million luxury residential development on an absolute riverfront site in leafy St Lucia.&nbsp;

The 15-storey project, known as <a href="https://www.apartments.com.au/new-apartments/st-lucia-by-bottega-house-180-macquarie-street-st-lucia-qld-4067">St Lucia by Bottega House</a> , will occupy a prime north-facing site at 178-180 Macquarie Street, directly fronting the Brisbane River in the established inner-west suburb known for its rowing clubs, golf courses and sprawling University of Queensland campus.&nbsp;

St Lucia by Bottega House will feature a suite of amenities including dedicated wellness spaces, a mineral pool and cold plunge. The project has been positioned to attract affluent owner-occupiers seeking high-quality, house-sized apartments.&nbsp;

Bottega House has been set up by co-directors Nick Malloch, Louis Mennes and Craig Marsh.

Malloch said the project drew inspiration from its Brisbane River setting and leafy inner-west surrounds, while responding to the demands of discerning locals looking to transition from freestanding homes into apartment living.&nbsp;

"With an expansive river frontage and lush green surrounds, we knew we had to create something special that reflects the natural beauty of the location while offering residents masterfully crafted homes," said Malloch.&nbsp;

"Our intent was to complement the project's quiet, private setting by introducing residences that offer a calm retreat and sanctuary from the everyday. The result is a harmonious blend of architecture, interiors and amenity that emphasises wellbeing, comfort and beauty without excess."&nbsp;

Malloch added that project consultants had been carefully selected in alignment with Bottega House's commitment to care, quality and attention to detail. The design team includes architects <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>, interiors practice <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and landscaping by <a href="https://www.apartments.com.au/architects/urbis">Urbis</a>.&nbsp;

Three-bedroom apartments are expected to start around $5 millio. Selling agents Keenan &amp; Byrne said the pricing strategy for the project was anticipated to achieve upwards of $25,500 per square metre.&nbsp;

The project's development approval this week follows the success of Bottega House's inaugural Queensland project - a 22-storey collection of full-floor sky homes at Broadbeach on the Gold Coast which included the sale of a two-storey penthouse at a record price for a beachside residence.&nbsp;

St Lucia by Bottega House is expected to launch to market in November, with construction anticipated to be completed mid 2029.

[smartcode_project_cta:default project_id=151826]

Joel Robinson

Bottega House to make Brisbane debut with St Lucia riverfront apartment development

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> is advancing its affordable apartment model into Brisbane with the acquisition of another site at Cordelia Street in South Brisbane for $27 million.

Sherpa, which has a $1.7 billion pipeline across Southeast Queensland, intends to bring a cohort of apartments exclusively for first homebuyers into its proposed 186-apartment project to be built at 2 Cordelia Street.

The Sherpa model has already been incredibly well received from their Gold Coast projects, where Sherpa Group set aside a number of apartments exclusively for first homebuyers.

The new $320 million project marks Sherpa Group's second development in Brisbane, following its $255 million Symphony project, also on Cordelia Street, which is currently under construction.

Symphony will deliver 146 apartments across 28 levels, offering a mix of one, two and three-bedroom apartments. With 114 already sold, construction by <a href="https://www.apartments.com.au/builders/lps-group">LPS Group</a> is scheduled for completion in 2028.

[smartcode_project:default project_id=7574 project_image_fid=351654]

Sherpa Founder, Christie Leet, said the company was excited to be venturing into Brisbane for its second residential project.

“We’re big believers in the future of Brisbane as we lead into the 2032 Olympics and beyond,” Leet said.

“The success of Symphony has guided us into what will be our second project and we look forward to submitting our plans with council soon so we can deliver yet another quality project to the inner city residential market.

“Our Flourish model has been very well received both in Brisbane and the Gold Coast, and we’re excited to be able to offer some of these apartments again exclusively to first homebuyers to help get them into the property market.

“The model has been extraordinarily well received in our previous projects and it is something we are committed to moving forward.”

2 Cordelia Street will be designed by <a href="https://www.apartments.com.au/architects/hal-architects">HAL Architects</a> &amp; Finegrain and will include Sherpa’s signature residential amenities including pool, gym, recreation, wellness and work from home spaces.

The project will feature ground-floor commercial space, creating a vibrant amenity for residents and the surrounding community.

A development application will be lodged with Brisbane City Council in August on the code compliant site and will be launched to the market early 2027.

Sherpa acquires new site for second Brisbane apartment tower

One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Brickx

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Fractional property investing platform BrickX is stepping outside of Sydney and Melbourne, with a house in Adelaide.
The two-bedroom, two-bathroom house at <a href="https://www.brickx.com/properties/STP01/summary" target="_blank">73 Third Avenue, St Peters</a>, is a sandstone-fronted house with parking, has an outdoor pavilion extending from its open plan kitchen.
The house was purchased for $825,100, according to Corelogic data.
Each ‘brick’ is priced at $74 a Brick, and is being offered to investors from August 30. 
BrickX buys residential properties and puts each into an individual trust and splits them into 10,000 units or “bricks”. 
Investors may then earn capital returns and monthly net rental income in proportion to the number of bricks owned. 
CEO Anthony Millet said he wanted to offer investors diversity and an alternative to the Sydney and Melbourne property markets. 
“We are thrilled to be expanding into Adelaide our third capital city since launching in September 2016 and our 14th property,” Millet said. 
“St Peters is one of Adelaide’s most desirable suburbs and this home, in beautiful tree-lined Third Avenue, offers convenient living just three kilometres from the city,” Mr Millet added. 
House prices in St Peters have increased by 8.8% per annum over the past 20 years, according to CoreLogic figures.
CoreLogic Head of Research Tim Lawless, who also sits on the BRICKX Adviser Panel, says there is strong demand for property close to the city, schools and social precincts. 
“St Peters has a strong rental market which has contributed to ongoing low vacancy rates and high demand. This affluent area is particularly popular with couples and families,” Lawless said.
BrickX now has over 6,500 active members with the median sale time of Bricks sitting at around 12 hours. 
Its portfolio of properties includes those in suburbs such as Brunswick West, Prahran and Port Melbourne in Melbourne and Balmain, Manly and Bondi Beach in Sydney. 
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BrickX set to offer Adelaide house to investors at '$74' a 'brick'

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BrickX is set to diversify its portfolio of properties offered to investors with a recent acquisition in Adelaide. 
The fractional investing platform has previously concentrated on Sydney and Melbourne offerings.
They bought a two-bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-st+peters-125331778" target="_blank">73 Third Avenue St Peters</a> for $825,100, according to Corelogic.
The house last changed hands for $775,000 in 2015, the data showed.
The stone-fronted villa has a curved roof verandah forming an outdoor pavilion and an alfresco living room.
The property was last advertised for rent at $540 per week. 
<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/2017/08/08/BrickX2.jpg" alt="">
In an email to its investors, BrickX said a diversified portfolio helps manage the trade-off between risk and reward. 
So far, BrickX had focussed on properties in Sydney and Melbourne only. It has bought 13 properties so far, with most in Sydney.
BrickX divides each property it acquires into 10,000 units it calls ‘Bricks’ and offers them to investors. 
It last bought a house in Sydney’s Balmain, offering the initial ‘brick’ at $140 each.
In its email to investors, BrickX said that Australian capital cities and even individual suburbs have their own unique property cycles. 
“Many different factors affect the performance of these individual markets so they don’t all behave in the same way, at the same time. Our launch into a third capital city provides our Members with the opportunity to diversify further.”
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. 
The Brickx buying team recently noted Adelaide's strong fundamentals with highest amount of Government project and infrastructure spend per person than any other capital city.
It also noted property was the most affordable it has been for 8 years and the housing market was building momentum.
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BrickX looks south to Adelaide for next property

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Fractional property investing platform BrickX is set to launch its 13th property, a house in Sydney’s Balmain, following its largely successful recent property acquisitions.
BrickX, which divides each property it acquires into 10,000 units it calls ‘Bricks’ and offers them to investors, said the Balmain house is only the second house in Sydney after Annandale. 
The initial ‘brick’ is priced at $140 each and investors can start pre-ordering from July 20.
Median house prices in Balmain have increased by 13 per cent per year over the five years to the end of April 2017, according to CoreLogic figures.
BrickX pointed to a survey it conducted in March where 55 per cent of its investors wanted to a house to invest in next. 
The remaining nine properties in Sydney are units and the other three properties are in Melbourne.
The latest property at <a href="https://www.brickx.com/properties/BLM01/summary" target="_blank">24 Clayton Street</a> is a three-bedroom, one-bathroom house with high ceilings, hardwood floors and a private, landscaped courtyard. 
The selling price of the house was $1,830,000, according to Corelogic RP Data. It previously transacted in 2013 for $1,287,000.
CEO Anthony Millet said he expected the property to be popular with investors looking for exposure to the sought-after residential real estate market in Sydney’s inner-west. 
“We’re thrilled to provide access to this architect-designed freestanding cottage in Balmain at an entry price of $140 per Brick,” Millet said. 
“Balmain offers an enviable lifestyle surrounded by water and parkland. It’s less than six kilometres from the Sydney CBD and is known for its great pubs, café culture and boutique shopping strip.” 
CoreLogic head of Research Tim Lawless, who also sits on the BrickX adviser panel, said there is strong demand for properties close to the city that offer a village lifestyle. 
“Balmain has a strong rental market which has contributed to ongoing low vacancy rates and high demand. With convenient access to the CBD via bus and ferry, the area is particularly popular with professional couples and families.”
BrickX, which released its six-monthly valuations last week, said the Annandale house rose in value by 7.4 per cent in the last six months. 
“When you take into account the acquisition costs and cash reserve, the Brick Valuation in Annandale has increased 8.81 per cent to $112.84,” it said in a media release.
Since launching in September 2016, BrickX has over 6,000 active members with the median sale time of ‘Bricks’ sitting at around eight hours. 
Investors can also part-own its properties in in Manly, Potts Point, Surry Hills, Darlinghurst, Bondi Beach, Double Bay, Mosman, Enmore and Annandale in Sydney, and Brunswick West, Port Melbourne and Prahran in Melbourne. 
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BrickX to offer Balmain house to investors for $140 per 'brick'

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Fractional property investing platform BrickX has updated the valuations for six of its properties in Sydney and Melbourne, with growth varying from 0 to 7.4 per cent.
The valuations were done by independent valuation firm Preston Rowe Paterson in June 2017.
BrickX, which buys properties and splits each one into 10,000 units or ‘Bricks’ which investors can then buy, has been on a buying spree in the last few months. It purchased six properties between April and June, five in Sydney and one in Melbourne.
In its year-end sale, the investing platform waived the transaction fees for buying or pre-ordering ‘bricks’ for its Brunswick property (above). The company charges a the transaction fee of 1.75% on every purchase of ‘brick’ or while selling ‘bricks’.  
The biggest change in valuation was for a two-bedroom house in Annandale, where the property value rose 7.4 per cent in the last six months to $1.45 million as at June. The growth was in line with the wider suburb index, BrickX said.
Brick valuation increased 8.81 per cent to $112.84, taking into account the acquisition costs and cash reserve, BrickX said. 
Meanwhile, a one-bedroom unit in the Sydney suburb of Enmore remained constant at $650,000 compared with six months before. In fact, the new value of a ‘brick’ is $67.48, a slight fall from December’s $67.82. The same was the case with a two-bedroom unit at Mosman, which was steady from its December valuation. 
The property was valued at $1.4 million in June while the ‘brick’ price actually edged down 0.51 percent to $143.43 per ‘brick’.
Among other properties with notable growth was a two-bedroom unit in Bondi Beach, which increased 3.7 percent in value to $1.4 million from its initial purchase price of $1.35 million. BrickX said the growth was also in line with the overall growth in the suburb.
The brick price rose to $100.19 from an initial $96.
Another two-bedroom unit in Double Bay showed a growth of 3.4 percent in value at $1.35 million on the initial purchase price in September 2016. This property exceeded the suburb index, said BrickX.
The value of a ‘brick’ is now $98.46, a 3.64 percent increase from the initial $95.
The only property with an updated valuation from Melbourne, was in Prahran. This two-bedroom unit rose 1.3 percent to $1.19 million and BrickX said it performed in line with the wider suburb index. 
The ‘brick’ also rose a modest 0.44 percent to $123.88.
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Annandale house provides biggest boost to BrickX investors with 7.4 percent growth in six months

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Fractional property investing platform BrickX has jumped on to the financial year-end sale by waiving the transaction fees for buying or pre-ordering ‘bricks’.
The sale is on only for two days, June 29 and June 30.
The company charges a the transaction fee of 1.75% on every purchase of ‘Brick’ or while selling ‘bricks’.  
<a href="https://www.brickx.com/properties" target="_blank">BrickX</a> puts properties into an individual trust and splits each one into 10,000 units or ‘Bricks’ which investors can then buy or sell.
While the fee would be waived for purchases and will be fully funded by BrickX from its own funds and will not be sourced from the assets of the BrickX Platform or any BrickX Trust, selling bricks would still attract the charge.
BrickX bought several properties in the last three months and opened them up to investors. 
The ‘bricks’ from its recent purchases in Sydney’s Surry Hills, Darlinghurst, Potts Point and Manly were snapped up by investors within hours.
You can pre-order Bricks in Brunswick West with no transaction fee on the pre-ordered Bricks that will transact on the Settlement Date (scheduled for 30th June 2017) which is during the EOFY Special Offer period.
Its most recent property — a three-bedroom terrace home in Melbourne’s Brunswick — shows 21% ‘bricks’ reserved so far.
The 10 Shamrock Street property was launched for pre-orders on June 23 at $99 a ‘brick’. BrickX has opened pre-orders for the property with no transaction fee with settlement on June 30.
The three bedroom, two bathroom terrace with an undercover carport on Shamrock Street boasts a courtyard along with a private rooftop garden off the master bedroom.
The 169 square metre property's selling price was $1,190,000, according to CoreLogic. It was sold through Nelson Alexander Real Estate Brunswick.
It last traded for $371,750 in 2003.
 
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BrickX waives transaction fee for 'bricks' in end of financial year sale

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Fractional investing platform BrickX has bought its newest property, this time in Manly.
The <a href="https://www.brickx.com/properties/MAN01/summary?utm_source=mailchimp&amp;utm_medium=email&amp;utm_campaign=manly&amp;utm_content=warmup&amp;utm_term=button" target="_blank">4/8 James Street</a> property is a two-bedroom apartment with a deck and courtyard. It is part of a boutique block of four apartments.
BrickX, which divides every property it buys into 10,000 ’Bricks’ and offers them to investors, has initially priced a brick at $87.
Investors may then earn capital returns and monthly net rental income in proportion to the number of Bricks owned. 
This property's selling price was $1.11 million, and it was sold by Clarke &amp; Humel Property, according to RP Data.
It was bought with a 27% gearing.
The apartment last exchanged hands for $855,000 in 2014, according to RP Data. 
Pre-orders open on June 8.
The fintech company, which has Corelogic’s Research head Time Lawless as an advisor, launched two properties in May. 
Both were in Sydney — Darlinghurst and Surry Hills — and were snapped up quickly by investors, according to BrickX.
"The rental market has historically been strong within Manly, which has contributed to ongoing low vacancy rates and high demand from both owner occupiers and investors,” said Lawless.
The estimated net rental yield from the Manly apartment is 1.9%.
The suburb growth rate has been 11.46% per annum over the last 5 years, according to CoreLogic.
Manly has a track record of long-term consistent returns of 6.7% compound per year since 1999, according to APM.
The combined value of all properties -- Sydney and Melbourne -- held by BrickX exceeds $9.5 million.
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BrickX to offer Manly apartment for $87 a 'brick'

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Fractional property investing platform has announced its newest property to investors in Sydney’s Potts Point, close on the heels of a townhouse it bought in Surry Hills.
The <a href="https://www.realestate.com.au/sold/property-apartment-nsw-potts+point-125209498" target="_blank">6/10A Challis Avenue</a> property is a one-bedroom unit. Its initial brick price is $66 and pre-orders start on May 26.
The fintech company divides every property it buys into 10,000 'bricks' and sells those 'bricks' to investors. Investors have the prospect of earning capital returns and monthly net rental income in proportion to the number of 'bricks' owned. 
According to BrickX, the estimated net rental yield from the Potts Point unit is 2.04 percent. In terms of capital returns, historically the suburb has shown a growth of 9.72 percent p.a. over the last five years, according to CoreLogic data.
The one bedroom apartment with study cost $885,000 and it has a 31 percent gearing.
It last traded for $298,000 in 2001, reflecting an annual price growth of seven percent.
The unit is located within 2 km of Sydney CBD. Fringe inner city locations are well sought after by both investors and tenants.
Last week, BrickX launched a townhouse in Surry Hills for an initial brick price of $95.
All 10,000 ‘Bricks’ were reserved amongst the 537 investors in under 1 hour, according to CEO Anthony Millet. 
Tim Lawless, head of Research at CoreLogic and an advisor at BrickX, said figures show unit prices in Potts Point have increased by almost 50 percent over the past five years.
“Considering the large captured working population within close proximity to Potts Point, the rental market has historically been strong within the suburb, which has contributed to ongoing low vacancy rates and high demand from both owner occupiers and investors," said Lawless.
Millet also announced a few changes to launches from now on.Property information will be available two days before pre-orders and it would start at midday, he said.
BrickX already has properties in popular locations: Surry Hills, Darlinghurst, Bondi Beach, Enmore, Mosman, Annandale and Double Bay in Sydney, and Prahran and Port Melbourne, in Melbourne. 
The combined value of all properties exceeds $9.5 million, its website says. 
For more information on the property, <a href="https://www.brickx.com/properties/PPT01/summary" target="_blank">click here</a>.
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BrickX on buying spree, unveil one-bed Potts Point unit at $66 a 'brick'

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Fractional property investment platform BrickX is set to launch a new property this week in Sydney’s Surry Hills for investors, close on the heels of its investing into a unit in nearby Darlinghurst.
The townhouse in Surry Hills comprises two bedrooms, one bathroom and comes with parking. BrickX will offer the initial ‘Brick’ at $95 to investors. 
The pre-order phase will be open from May 19 with settlement scheduled for May 30.
BrickX buys properties and divides them into 10,000 units or “Bricks”. Investors may then earn capital returns and monthly net rental income in proportion to the number of Bricks owned. 
The platform allows members to choose when to invest and when to exit their investments by offering their ‘Bricks’ for sale on the platform. 
“We are expecting the Bricks to be reserved quickly,” BrickX said in a release.
The townhouse is currently tenanted at $860 p.w.
Surry Hills units have had an historical capital growth rate of 10.42% per annum over the last 5 years, and has a strong rental market. It is particularly popular with young professionals.
Unit prices in Surry Hills have increased 54% in the last 5 years, according to CoreLogic data.
“Surry Hills has a strong rental market and is particularly attractive to young professionals who flock to the area to enjoy the fantastic restaurants and cafes, coupled with a short walk to work for the majority who work nearby or in the CBD,” said Tim Lawless, the head of research at CoreLogic who is also on the advisor panel of BrickX.
The combined value of all properties -- Sydney and Melbourne -- held by BrickX exceeds $9.5 million, its website says.
Just last month, BrickX announced its cheapest yet offering with a ‘brick’ priced at $57 for a one-bedroom apartment at 12/84-90 McLachlan Avenue, Darlinghurst, on Rushcutter’s Bay border.
For more information on BrickX, <a href="https://www.brickx.com" target="_blank">click here</a>.
 
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BrickX to offer Surry Hills townhouse for investors at $95 a 'brick'

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Anthony Millet, chief executive officer of BRICKX, says when it comes to investing in real estate we need to shift our mindsets.
"Property investment is possible without ever handing over the keys to the front door," he says.
It is an acknowledgement that the cost of housing within Sydney has well and truly moved away from the simple cost of land and building fundamentals, with a shortage of supply and unprecedented demand driving the market.  
With the Federal Budget due next month, housing affordability has emerged as a red hot issue.
"I don’t envy the Treasurer because it’s a complex issue with no quick fix," Millet told me.
"Changes to negative gearing, a superannuation plan for first home buyers, unlocking Government land for housing, a review of foreign property investment, public and social housing grants and the list of potential solutions goes on."
Millet is behind the innovative private enterprise scheme where owning a fractional share in a house or apartment is possible without the need to own the entire property. It has been taken up over the past few months by some 3300 plus participants.
BrickX buys properties in blue chip suburbs and divides the acquisition price into 10,000 shares, or ‘bricks,’ available to the public currently priced between $100 to $150.
In the past, fractional ownership has been a method where unrelated parties share in ownership of a high-value tangible asset, usually a jet, yacht and sometimes piece of resort real estate in paradise. 
BrickX offers premium residential suburb access with seven properties so far in Melbourne and Sydney, including Bondi Beach, Annandale and Mosman. There are plans to own in all capital cities, then its is likely they will consider regional centres.
Fifty percent of its customers are under the age of 35 and around three quarters had not invested in or owned real estate before. It has accordingly been described as the Uber of property investing, the newest way to keep up with the rising property market.
BrickX investors earn rental income from their proportion of the investment. They can also make capital gains by selling their bricks. 
The online platform, launched last September, offers a valuable insight into the world of property, and no doubt its pluses and minuses, and ups and downs. 
Those $100 bricks allow young savers an option other than a savings account while making progress towards to ultimate goal of home ownership.
Millet is keen on the debate moving on from housing affordability to housing accessibility in part because he says the so-called solving affordability solutions often actually equates to seeing house prices coming down. 
"With 65 percent of this nation’s wealth tied up in residential property, to the majority, it’s not in their interests for house prices to fall." 
 This article first appeared in the Daily Telegraph.
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Real estate investment mindshift needed: BRICKX

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Fractional property investing platform BrickX has added another property to its choices for investors, and says it is their cheapest yet offering with a ‘brick’ priced at $57.
The property on offer is a one-bedroom apartment at 12/84-90 McLachlan Avenue, Darlinghurst, on Rushcutter’s Bay border.
BrickX paid $840,000 for the apartment in an off-market deal.
It had been an investment for the previous owner, who had paid $475,000 in 2011.
In 2016 it had been a $675 a week rental, with a more recent $700 a week rental in January. A $700 a week rental would reflect a 4.33 percent yield for BrickX.
BrickX CEO Anthony Millet said it’s the lowest ‘Brick’ price yet. 
“We’re thrilled to offer investors a share in this inner-Sydney property at such a low price point,” Millet said. 
“With the Brick price starting at just $57, BRICKX continues to strive to make property investment affordable for all Australians”. 
BrickX buys properties and divides them into 10,000 units or “Bricks”. Investors may then earn capital returns and monthly net rental income in proportion to the number of Bricks owned. 
The platform allows members to choose when to invest and when to exit their investments by offering their ‘Bricks’ for sale on the platform. 
The one bedroom, renovated apartment on McLachlan Avenue is part of a small boutique block and is already tenanted at $700 per week with an estimated net rental yield of 2.13 percent per annum.
“Darlinghurst is renowned for its eclectic, vibrant mix of cafes, bars and restaurants and is within walking distance to the CBD with easy access to public transport, making it a very desirable suburb,” Millet added. 
Tim Lawless, head of Research at RP Data CoreLogic and an advisor to BrickX, said Darlinghurst has been a very consistent performer over the last decade. 
“CoreLogic figures show unit prices have risen over the last 5 years (to end of March 2017), on average, by 9.22 percent per annum,” Lawless said. 
“Rental yields tend to be higher than the broader Sydney average as well, with the typical Darlinghurst unit currently attracting a 4.2 percent gross yield.” 
It owns properties in Bondi Beach, Enmore, Mosman, Annandale and Double Bay in Sydney, along with Prahran and Port Melbourne, in Melbourne, each with a different ‘brick’ price.
The platform was officially launched in September 2016 and has more than 3,300 investors now, with a property portfolio of around $9.5 million.
Earlier this month, BrickX won the CANSTAR 2017 Innovation Excellence Award. 
BrickX has enabled the option of pre-ordering ‘Bricks’ in the Darlinghurst apartment, and investors can go to www.BRICKX.com and read the PDS to consider if BRICKX is right for you, it said. 
It has opened the pre-order for only eight days to secure the initial ‘Brick’ price of $57.
"With a demonstrated track record of growth and rental return, great proximity to the Sydney CBD, and an ongoing shortage of unit supply in the area, this acquisition fits nicely within the BRICKX investment mandate,” added Lawless. 
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