A Moroccan-bathhouse residential tower has been unveiled for Budds Beach, with Australian developer <a href="https://www.apartments.com.au/developers/homecorp">Homecorp</a> announcing plans for a $260 million resort-style project in one of the Gold Coast’s most tightly held waterfront precincts.

A development application has been submitted to the Gold Coast City Council for a 27-storey tower at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise 156 two- and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. There will also be a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with entertaining lounges.

<img alt="8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise" data-entity-type="file" data-entity-uuid="997f8dbb-4ed1-47e4-8780-d12a3d5cd0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_3.png?VersionId=IsDJXxE8.HG92i4dnbmmPQi.fVXjME7I" />

"At Homecorp, we are driven by the pursuit of better - challenging expectations, thinking bigger and shaping communities that leave a lasting legacy," said Ron Bakir, CEO and Founder of Homecorp.

"This project draws on our experience and expertise to take what the market has been craving to the next level - a home that nurtures wellness, calms the mind and lifts the everyday stresses away. A home is more than a place you live, it’s where you rest, reset and find balance."

&nbsp;

Bakir says what sets the location&nbsp;apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave.

"Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast.”

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130 sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

The company also commenced construction last year on the highly anticipated $250 million second stage of Cienna Varsity Ridge, set to deliver 289 residences by 2027 in the heart of Varsity Lakes, and launched the $210 million Florence Residences along Surfers Paradise’s Monte Carlo Avenue to the market, with construction kicking off last month.

"The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability but also nurture wellness within. They are homes that are built to last a lifetime and beyond," concluded Mr Bakir.

The project is set to launch to the market later this year.

Joel Robinson

Homecorp lodges plans for $260 million Moroccan bathhouse-inspired tower in Budds Beach

What began as a leap of faith in the 1970s has evolved into one of the Gold Co​ast's most enduring development success stories. Raptis, now led by second-generation developer Evan Raptis, continues to shape the region's skyline four decades after patriarch Jim Raptis first ventured north from Sy​dney.

Jim Raptis began developing in Sy​dney in his 20s under the guidance of a seasoned mentor. After several successful joint ventures, he sensed untapped potential on the Gold Coast and made the bold decision to relocate. That instinct proved prescient, the Raptis family has contributed thousands of apartments to what was once purely a tourist destination and is now recognised as Australia's lifestyle capital.

[smartcode_project:default project_id=101620 project_image_fid=361818]

With decades of experience navigating the complex Gold Coast development landscape, Raptis maintains fully vertical integration, from site acquisition and construction through to marketing and sales strategies. This comprehensive approach has allowed the company to weather multiple market cycles and emerge well-positioned for the region's continued growth.

"We've seen the region change drastically over the last two decades, with that change accelerating in the last five years," says Evan Raptis. "The Gold Coast is becoming unrecognisable. There are some exciting projects happening up and down the coast. The Spit is being talked about as Australia's version of Monaco, with billions in development underway."

Unlike the volatile pre-GFC years that rocked the Gold Coast market, Raptis believes the region has matured considerably. "Demand remains strong, but the market is now settled and stable."

[smartcode_project:default project_id=101620 project_image_fid=361823]

While the company recently completed Pearl Main Beach, an 84-apartment development just 53 steps from the sand, Broadbeach has truly been home for the Raptis family.

"There's nothing Broadbeach doesn't have," Raptis says. "There's always a new café or restaurant coming into the neighbourhood, and the redevelopment of the Niecon Plaza, bringing nearly 5,500 square metres of retail, dining and office space, will only elevate Broadbeach even further."

[smartcode_project:default project_id=101620 project_image_fid=357483]

The suburb has reached what Raptis describes as a "settled phase" of its evolution, with owner-occupiers and repeat visitors increasingly shaping demand rather than traditional investors.

The company's latest Broadbeach project, Sterling, is now constructed to level 22 and scheduled for handover in June 2026. With approximately 70 per cent of apartments already sold ahead of completion, the development has attracted a distinct buyer profile.

[smartcode_project:default project_id=101620 project_image_fid=361821]

"We're seeing significant interest from lock-up-and-leave buyers and downsizers," Raptis explains. "Some use the apartments over Easter or Christmas, while others come down from Brisbane on weekends. They aren't your typical 'investors' who will put the apartments up for permanent rental."

Sterling offers prospective buyers a rare advantage: fully completed display apartments showcasing several two- and three-bedroom configurations, something few off-the-plan developments can provide.

With another Broadbeach project in the pipeline, Raptis emphasises that the next chapter is about maintaining standards rather than pursuing growth at any cost.

"We've been building for over four decades, and our track record matters. Our focus remains the same: deliver what we build, stay close to the details, and delivering a finished product that hopefully exceeds our clients' expectations."

[smartcode_project_cta:default project_id=101620]

It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline

JWLand has completed the final residential stage of its Lyneham precinct, Northbourne Village, with De Burgh now welcoming residents who have begun settling into their new homes.

A selection of the 350 studio, one, two, and three-bedroom apartments remains available within the two-building <a href="https://www.apartments.com.au/buildings/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a>, which occupies a prominent position along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The apartments at De Burgh have been configured to prioritise natural light, privacy, and usable outdoor space, with ground-floor homes featuring private courtyards and upper-level apartments opening to generous balconies. Double-glazed windows are standard across the development, supporting acoustic comfort and improved energy performance.

Kitchens are fitted with Fisher &amp; Paykel appliances, while all residences include ducted reverse-cycle air conditioning integrated with app-based controls, allowing residents to manage lighting and climate remotely. These inclusions reflect a broader focus on durability, efficiency, and everyday functionality rather than short-term finishes.

[smartcode_project:default project_id=139989 project_image_fid=356280]

Shared amenity is delivered through a resident gym, rooftop garden, lounge spaces, parcel lockers, and landscaped communal areas that connect De Burgh to the wider Northbourne Village environment.

Nick Babic, Marketing Project Manager at JWLand, said the completion of De Burgh gives buyers a level of certainty that off-the-plan purchases cannot always provide.

“There’s no need to wait or play guessing games. You can come and see the spaces firsthand, and genuinely picture yourself living there today. That includes not only the apartments, but the amenities as well. It’s easy to imagine enjoying a coffee in the central courtyard or spending time with other residents in the lounge.”

The completed status of the project aligns with strong buyer demand for finished stock, particularly among first home buyers, young professionals, and downsizers seeking certainty around timing and cost.

[smartcode_project:default project_id=139989 project_image_fid=356282]

With pricing ranging from $463,000 to $1.588 million, much of the offering sits within reach of buyers looking to enter the Inner North apartment market.

De Burgh’s location underpins its buyer appeal, positioned approximately 600 metres from the light rail and three kilometres from Canberra’s CBD, with direct access to <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands, Sullivan’s Creek parkland, and the established hospitality and retail precincts of Lyneham and Dickson.

[smartcode_project_cta:default project_id=139989]

Canberra's newest apartment building: JWLand completes De Burgh at Northbourne Village

One of Victoria’s largest private developers, Central Equity, has commenced construction on Palmera, its $1 billion luxury residential development at Northcliffe on the Gold Coast, appointing Tier 1 builder Multiplex to deliver the project.

The fast-track to construction is being undertaken ahead of Central Equity officially launching the project to market.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped insulate the local economy from volatility, while limited new supply in established coastal locations continues to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a> is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

[smartcode_project:default project_id=108274 project_image_fid=361249]

Offering a mix of spacious three-bedroom apartments over 52 levels, Palmera is designed to deliver a full suite of premium residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium apartments will deliver northern views across the Surfers Paradise beachfront and extending all the way around to Burleigh Heads and beyond.

Palmera will be crowned by its top four levels, being a limited collection of penthouses and skyhomes that further elevate the residential offering through generous proportions and uninterrupted panoramic views.

[smartcode_project:default project_id=108274 project_image_fid=361246]

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four decades. It will be the 20th project collaboration between Central Equity and Multiplex.

“The commencement of construction at Palmera marks a major milestone for the project, with Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity Executive Director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold Coast over the long term. The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.”

[smartcode_project:default project_id=108274 project_image_fid=361250]

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around the world since 1962. In that time, the Tier 1 global contractor has delivered projects with a combined value of more than US$130 billion.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” Kutner added.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid out for this strategic location and is delivered to the highest standards,” he said.

Multiplex Regional Managing Director Michael Sinclair said Multiplex was delighted to be aligning with Central Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing their vision to life with a world-class construction team and program. We are proud to be working alongside Central Equity on our 20th project together.”

Palmera has been designed by Marchese Partners, with interiors by DBI.

[smartcode_project:default project_id=108274 project_image_fid=361247]

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s beachfront suburbs, linking the Gold Coast University Hospital in the north with Nobby beach and Burleigh Heads to the south once the extension completes later this year.

[smartcode_project_cta:default project_id=108274]

Central Equity unveils Palmera on Garfield Terrace, Surfers Paradise

The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

[smartcode_project_cta:default project_id=135094]

Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

Campbelltown

Prominent Sydney developer ALAND is set to transform the abandoned Brands on Sales outlet in Campbelltown into a $400 million mixed-use development.

They've further enhanced the proposal which was submitted to council earlier this year, with the project now set to feature a shared environment for the wider community.

There will be a&nbsp;community building, public open space, playground, and curated gardens, totalling over 4,000 sqm of publicly accessible. The development will also comprise residential apartments, an 'eat street', and several retail and commercial spaces across the two hectare 22-32 Queen Street site

“Campbelltown is a fantastic suburb and this new chapter will bring with it an exciting neighbourhood space for not only the new residents of our upcoming development, but for generations to enjoy in years to come” said ALAND’s Head of Development Ryan Lane.

"Until now the site has been a wasted opportunity in a great location and we’re proud to be able to repurpose the space for the wider community."

Earlier concepts of the development have been scaled back to increase the useable communal footprint, which is a direct result of conversations with Council. Lane said Council and community feedback has been critical in shaping how the project could meet both future housing demand while simultaneously improving liveability for the greater Campbelltown population.

The proposed open green space will include multiple play areas for children of all ages including interactive water, sand and nature play, climbing equipment, a native meadow and level lawns. There will also be a bicycle loop path and community amphitheatre seating with a stage area.

ALAND’s Senior Development Manager Andrew Stacey said&nbsp;such an exceptional address deserves a superior meeting place for the community.

"That’s what we’re striving to create," Stacey added.

"To get the fit just right ALAND has been in ongoing consultation with Council and the community to ensure this plan will deliver the best outcome for all.

“Our research has taught us that Campbelltown’s local businesses and residents want an authentic community hub with a true village feel and that’s what we plan to deliver."

ALAND has already submitted plans to Council for the residential and retail component on the site. The masterplan will include 558 apartments throughout five buildings and an ‘Eat Street’ style dining precinct with over 9000 sqm of commercial and retail space, including a childcare, all within walking distance of the local train station and other key Campbelltown amenities including Macarthur Square.

To ensure the local character at the rear of the site is maintained and celebrated, all mature legacy trees around the community building and public play area will be retained as well as the view corridor to the neighbouring heritage buildings.

Planned at the heart of the shared community area will be a colourful fringe lily public art piece, visible from Queen Street and illuminated at night in celebration of 200 years of Campbelltown. The DA is also proposing a two-level (ground and basement to preserve the low impact landscape) community centre, which will house an auditorium, kiosk, lift and several multi-purpose spaces. 
 
Campbelltown City Council Mayor George Greiss praised ALAND’s design and its contribution to a revitalised Campbelltown City Centre.

“It’s great to see this development application has given consideration to our city centre master plan to achieve a people-focused place that’s innovative and connected to plenty of open space," Greiss said.

“Through considered design in prime locations such as this, we can realise our vision for a good life here in Campbelltown where our communities are inclusive, diverse and friendly."

Fast Facts

<ul style="color:#222222; font-family:Arial, Helvetica, sans-serif; font-size:small; font-style:normal; font-variant-ligatures:normal; font-weight:400; text-align:start; white-space:normal; background-color:#ffffff; text-decoration-thickness:initial; text-decoration-style:initial; text-decoration-color:initial" type="disc">
	<li style="margin-left:15px">22-32 Queen Street, Campbelltown</li>
	<li style="margin-left:15px">$400M mixed use project including residential, retail and commercial spaces</li>
	<li style="margin-left:15px">Over 4000sqm open space including children’s play areas, community amphitheatre with stage and a bicycle loop path</li>
	<li style="margin-left:15px">Two-level community centre consisting of an auditorium, kiosk, lift and multi-purpose spaces</li>
	<li style="margin-left:15px">Public art piece to commemorate 200 years of Campbelltown</li>
</ul>

ALAND has already submitted plans to Council for the residential and retail component on the site

ALAND further plans for $400 million mixed-use Campbelltown development

Campbelltown will be home to an exciting new gateway district under a development application that would see a previously run down and underused site reimagined into a thriving new $400 million neighbourhood at&nbsp;22-32 Queen Street, Campbelltown.

The proposal envisions a new destination precinct over two hectares on Queen Street, comprising a mix of residential apartments and retail and commercial spaces, along with multiple, landscaped community spaces and a vibrant, tree-lined &lsquo;Eat Street&rsquo; at the heart of the project.

The plan submitted to Campbelltown City Council by Sydney developer, ALAND has been six years in the making, with Senior Development Manager for ALAND, Andrew Stacey saying the considered plans promising to reimagine the currently rundown and underused site, as a new gateway to Campbelltown&rsquo;s city centre.

<img alt="" height="750" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eat_street_view_02_final.jpg" width="1200" /> 
Render of the proposed Eat Street on the groundplane of the Campbelltown project. Image supplied.&nbsp;

&ldquo;For several years this has been an ugly and underutilised site &ndash; but now we have an opportunity to unlock this incredible space for the entire community to create not only a residential precinct but public spaces for everyone to enjoy,&rdquo; says Stacey.

In collaboration with Sketch Design Group, the Campbelltown site will include 558 residential apartments, in addition to a range of community facilities and restaurants across five buildings, ranging in height from 12 to 15-storeys.

To preserve the context of the adjoining heritage building, Warby Barn, a large public domain is planned to compliment the historic site and provide the community with a safe and inviting space to enjoy.

The tallest buildings will be located closest to the train station to encourage pedestrian activity and patronage at local businesses.

Across the entire site, around 35 per cent is given to communal spaces, with 7000 sqm of that dedicated to an expansive open plaza on the development&rsquo;s podium level.

Landscape architect, Sturt Nobel worked to include a number of local and deciduous trees and plants in the comprehensive landscaping masterplan, which also includes the transformation of each apartment building rooftop, seeing the space turned into a lush, green space for residents to enjoy.

A variety of other resident-only amenities find their home at the ALAND development, including a shared co-working space, a gym, multipurpose function room, and health and wellness spaces.

ALAND is a dominant presence in Western Sydney, where they are dedicated to improving the city&rsquo;s satellite CBDs by delivering high-quality affordable projects including the award-winning Bottlebrush in Schofield Gardens and award finalist Costello in Edmondson Park.

Other key projects include The Hoxton at Liverpool, and the newly-launched The Gladstone Village at Merrylands.

ALAND&rsquo;s Head of Development, Ryan Lane, says Council and community feedback has been critical in shaping how the project could meet both future housing demand and improve liveability for the greater Campbelltown population.

&ldquo;This particular site is an exceptional location that demands a high-quality approach to really lift the tone of this part of Campbelltown and introduce new life and excitement for the community.&rdquo;

&ldquo;We know from our comprehensive research surveying local businesses and residents, that people want a place that feels like a real community hub with things like a local grocer, quality take-away and outdoor dining options as well as public art and open spaces with wide footpaths and seating,&rdquo; Lane said.

Earlier concepts of the development have been scaled back to increase more useable open space, which is a direct result of consultation with Council.

The precinct neighbours Campbelltown Performing Arts High School and as a high-frequency bus route, the Queen Street location is also close to Macarthur Square and Campbelltown&rsquo;s centre with the train station only a 10-minute walk away.

[smartcode_project_cta: project_id=13671]

Across the entire site, around 35 per cent is given to communal spaces, with 7000 sqm of that dedicated to an expansive open plaza on the development’s podium level.



alisonwarters@gmail.com

ALAND set to transform Campbelltown site with mixed-use precinct

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A three bedroom one bathroom house in Campbelltown, NSW has been sold following an unsuccessful March auction.
The property sold for $490,000, $9,000 below the $499,000 that was sought.
Manfred Harle of Richardson &amp; Wrench held the listing.
Situtated at <a href="https://www.realestate.com.au/sold/property-house-nsw-campbelltown-130585758" target="_blank">18 Megalong Crescent</a> the 1970 property is a one storey brick veneer house.
Set on 588, sqm it features a one car lockup garage.
Positioned withing walking distance of local school, shops and transport, it was described in the listing as "a great opportunity for first home buyers and investors".
Last sold in 2007, the property transacted for $270,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="/developments/campbelltown-nsw-2560">Campbelltown</a> is $600,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 8.8%. 
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j.ballantyne1990-6AQqhLzZaK

Campbelltown, NSW mortgagee home sold after unsuccessful auction

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A Campbelltown home belonging to South Australian cricket legend Andrew Sincock has been listed for the first time in 30 years.
The three bedroom property at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1K1KeXrM4kTa7t6vEO6Dj4NQit3Rhkkn8Qh/5PCLh2dikg9bs6gLbI0p5vQmupxjwEcV5B2G01nDuCTY7fI8auFBObtSEHkW4eVk+a12hn98HZVQP7x3V8A=&amp;rh=ff00438cc1a8907bb9b3a763574db04f4ac5258c">3 Osborne Street</a> was designed by Carlo Dotorre.
It is being offered by Ray White Semaphore Sales Consultant Samantha Hirniak.
<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/2018/11/19/RWS-3%20Osborne%20St-105e.jpg" alt="">
Sincock was a key figure of the state cricket system as both a player and administrator.
He is the third highest wicket-taker in the Adelaide club system, a Sheffield Shield winner with South Australia in 1982 and a proud holder of the Order of Australia Medal.
Sincock won two Bradman Medals, is a former Vice President of the South Australian Cricket Association and the inaugural Chairman of the Adelaide Strikers.
“We have such wonderful memories in this house. It really has been the hub of so much fun and laughter for family and friends alike,” he said.
“I have three children as well as grandchildren and they’ve all loved taking advantage of the vast amount of space this home has. I’ve lost count of how many cricket and football matches we’ve had in the yard.
“Aside from family, the property has also hosted a number of famous sporting stars, with England cricketer Alex Hales and his father a real highlight.
“We’ve been blessed to have a home with such an exceptional open area that’s perfect for entertaining with lots of parking available for the numerous dinner parties we’ve hosted.
“There’s an external veranda and decking at the rear, and decking out the front, and we’ve been fortunate enough to enjoy the South Australian weather on those areas many times.
“There’s also a huge garage and work area so anyone wanting their own ‘man cave’ or work space will delight in how much room there is to do so.
“Unfortunately, memorable moments like taking a hat trick for South Australia against India in a tour game in Adelaide has taken its toll on the body, so it’s time for a new family to come in and begin creating similar incredible memories to the ones we’ve had.”
<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/2018/11/19/RWS-3%20Osborne%20St-12e.jpg" alt="">
Hirniak said the property would appeal to a wide array of potential buyers with its character, potential and location.
“This home really does offer the astute buyer a house with immense character and exciting future potential,” she said.
“It has a commanding facade and elevated street position and this impressive family home offers a wonderful amount of living space across multiple levels.
“The flexible floorplan boasts three bathrooms and three bedrooms, with the main bedroom offering a walk-in robe and a renovated ensuite.
“Entertainment is a real selling point with a formal lounge and a separate dining/family room with its own built-in bar that offers beautiful views.
“An abundance of fruit trees including fig, nectarine, apple, mandarins, olive trees and manicured gardens complete the package.
“Sited on approximately 869 square metres of land, it's located adjacent East Marden School within walking distance to the Paradise interchange, shopping centres and all the culinary delights this culturally diverse area has to offer.
“And if that wasn’t enough, the seller is one of South Australia’s true cricket legends. As a buyer, can you imagine telling family and friends you just bought the home of an Order of Australia Medal holder? This is such a rare opportunity.”
The property is scheduled to go under the hammer on site on Saturday 1 December at 10.30am.
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Former South Australian cricket legend's Campbelltown home hits the market 

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The Charter Hall Group has teamed up with leading super fund MTAA Super to acquire Campbelltown Mall for $197 million, in the largest individual sub-regional shopping centre transaction in 2016.
Charter Hall bought the mall from Perron Group, with JLL’s Simon Rooney negotiating the deal. The transaction reflects a market capitalisation rate of 6%, said a media release.
Campbelltown Mall is located in one of Sydney’s largest south western suburban business districts and comprises an established, performing convenience-based shopping centre. 
The mall comprises Coles, Woolworths, Kmart, Target and Aldi together with 10 mini majors and 84 specialty tenancies, with a 98% occupancy and 4.7 year weighted average lease expiry. It’s gross lettable area is more than 42,200 sqm and sits on a 7.2 hectare site.
Rooney, JLL’s head of Retail Investments – Australasia, said, “We continue to see a depth of institutional investor interest in strong performing sub-regional shopping centres, especially for assets in growth corridors, with opportunities for value add.”
Charter Hall has set up a fund called Charter Hall Prime Retail Fund (CPRF) to manage the asset along with MTAA. Charter Hall said it will co-invest $46 million for the acquisition.
Charter Hall’s retail head Greg Chubb said,” The property is the seed asset for CPRF, which will focus on acquiring and actively managing larger convenience-based retail centres with strong growth potential.”
The deal is due to close in October 2016.
Rooney added that Campbelltown Mall was the largest individual sub-regional shopping centre sold this year following divestments by Vicinity Centres.
The largest sub-regional transactions for 2016 to date, include Vicinity Centres sales of:
• Four sub-regional centres to Blackstone and Mirvac (AUD 841.4 million) in June
• A 50 percent interest in Runaway Bay to Perron Group (AUD 160 million) in June; and
• A 50 percent interest in Tuggeranong Hyperdome to TTCT Investments (AUD 120 million) in September.
“The sub-regional sector has continued its record level of activity, with $1.7 billion in transactions in 2016 year-to-date, building on the $2.8 billion in 2015 – which was a record high for the Australian market,” said Rooney.
 
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Charter Hall acquires Campbelltown Mall for $197 million

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A three-tower residential development with key workers such as police, nurses, fire brigade personnel in mind is coming up in Sydney’s Campbelltown.
The 101-apartment project, The Gardens, is being touted as Australia’s largest multi-storey prefabricated timber construction project and also the “largest affordable housing project without any government funding”, according to a media release. 
Building contractor Strongbuild is using Cross Laminated Timber (CLT) instead of traditional concrete and steel for construction. The prefabricated building technologies is expected to reduce the construction time by around off four months and result in cost savings, the release said.
Strongbuild managing director Adam Strong said  CLT has similar characteristics to concrete and steel yet 30 percent lighter. It also offers better thermal performance and requires less energy to heat and cool. 
“CLT is engineered and processed in a factory to be precise, making it fast and efficient to construct,” said Adam.
Construction of the first tower is over and work on the second commenced this week. 
The project includes three residential towers that are being developed by Tier 1 affordable housing provider BlueCHP Limited. The first tower will be sold to private investors or owner-occupiers, while the other two will be earmarked for Key Workers – police, nurses, fire brigade personnel - in Campbelltown. 
Rents will be capped for Key Workers at 30 percent of their wage. 
The regional city’s population is forecast to grow more than 36 percent from its current 158, 394 people in the next two decades.
Warren McGregor, CEO of the national association for off-site construction industry, prefabAUS, says saving four months would mean the client will be operational earlier. 
“It’s a huge advantage having a building project delivered faster, particularly for affordable housing clients like BlueCHP and for projects such as hospitals and schools.”
Housing affordability will be one of the topics discussed at the upcoming national prefabAUS Conference, Delivering Next Generation Buildings, on October 10 to 12 at the University of Sydney. 
Speakers will include Adam Strong, author Paolo Lavisci who has written a book on the design of timber structures, and Harvard alumnus Marc Norman.
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