<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4396]</p>

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4402]</p>

<p>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;</p>

<p>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.</p>

<p>[smartcode_project:default project_id=134954 project_image_fid=4391]</p>

<p>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.</p>

<p>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;</p>

<p>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.</p>

<p>Senso is scheduled for completion in late 2028.</p>

<p>[smartcode_project_cta:default project_id=134954]</p>


Staff Writer

The outdoor amenities elevating life at Senso, Epping

<p>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.</p>

<p><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.</p>

<p>It's an upsize from the previously approved scheme of 63 apartments across a seven-storey building.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


Joel Robinson

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

<p>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.</p>

<p>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.</p>

<p>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;</p>

<p><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" /></p>

<p>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.</p>

<p>"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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>


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

<p>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.</p>

<p>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.</p>

<p>[smartcode_project:default project_id=139896 project_image_fid=295098]</p>

<p>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>.</p>

<p>“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.</p>

<p>"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."</p>

<p>Throughout the construction phase, more than 2,000 jobs will be created, supporting hundreds of local contractors and suppliers.</p>

<p>[smartcode_project:default project_id=139896 project_image_fid=352274]</p>

<p>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.</p>

<p>"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.</p>

<p>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."</p>

<p>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>.</p>

<p>“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.”</p>

<p>[smartcode_project_cta:default project_id=139896]</p>


Kokoda appoints builder for $1.5 billion Teneriffe Banks waterfront precinct

<p data-end="246" data-start="85">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.</p>

<p data-end="467" data-start="248">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.</p>

<p data-end="597" data-start="469">Texco Design has prepared the scheme, which includes five one-bed plus study apartments, 37 two-bedrooms, and 15 three-bedrooms.</p>

<p data-end="836" data-start="599">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.</p>

<p data-end="1053" data-start="838">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.</p>


First look: Buildex plans 57 apartments near Castle Towers

Chinese Buyers

<html><body>
<p>Australia's biggest property developer Harry Triguboff says Sydney's apartment boom had relied too much on Chinese buyers.</p>
<p>"We depend too much on Chinese purchasers," the Meriton boss said in a letter emailed last month to local Sydney estate agents.</p>
<p>"Foreigners must only be an additional bonus," said the veteran who has overseen the construction of more than 75,000 residential dwellings over the past six decades.</p>
<p>"I don't want us also to depend on high priced foreign lenders to provide the finance instead of our banks."</p>
<p>"We must stand on our own two feet," he said adding this independence was "far away".</p>
<p>"We will have stability," he said when Australia depends on itself.</p>
<p>Triguboff concedes the Chinese played a big part in pushing the property prices up, and says even in the current reduced turnover were still significant buyers.</p>
<p>On the price front Triguboff says "the rapid price fall is slowing down, maybe completely stopped".</p>
<p>"We will only know later," he indicated.</p>
<p>He says everything must be done to ensure that property prices don't drop any further.</p>
<p>"They should rise otherwise, no one will build," he warned.</p>
<p>"If prices fall the economy suffers."</p>
<p>The developer, who employs 898 staff, was motivated to send the letter to estate agents with a desire to generate sales amid negative media headlines.</p>
<p>"We are all talking about Reserve Bank lowering interest rates, but that is only a minor matter.</p>
<p>"Banks must lend, but they do not because they are afraid.</p>
<p>"Now that we have shown where they were wrong (at the Royal Commission), we must encourage them to lend, and use their discretion." </p>
<p>The optimist developer says young buyers face a wide choice.</p>
<p>"There's no dreadful hurry ...it's not going to jump up tomorrow."</p>
<p>He said Sydney's planning system must also change.</p>
<p>"A lot of the costs are because of the planning system," he said. </p>
<p>Ahead of the declining property market, the apartment king posted after tax profits of $384 million in the financial year ending June 2017, according to Meriton's latest annual return which was lodged last month.</p>
<p>The $384 million profit was up from the $230 million profits Meriton saw in 2016.</p>
<p>There was $1.7 billion in revenue.</p>
<p>He said buyers and renters "flocked" to new apartment blocks.</p>
<p>"The old blocks with few facilities and in the wrong places will suffer.</p>
<p>"Some of our leaders think that people suffer when we build units.</p>
<p>"That is nonsense. </p>
<p>"We see even councils who were against units now trying to allow high rise because they are left behind. </p>
<p>"We must remember the demand for housing is great," said Triguboff who founded the company in 1963.</p>
<p>He says his was not unduly concerned about the low sales turnover in the short term.</p>
<p>"It is so easy for me to lease," he told Channel 9 finance editor Ross Grenwood.</p>
<p>"I'm not buying any land," he added.</p>
<p>He warned if the State Government refused to fix the planning department and the banks didn't lend that construction would stop.</p>
<p>"And prices will rise because of a lack of supply," he forecast.</p>
<p><em>This article first appeared in </em>The Daily Telegraph. </p>
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jchancellor-FAypfDUnLy

Harry Triguboff says apartment boom relied too much on Chinese buyers

<html><body>
<p>A five-level Melbourne CBD office and retail building has sold for $11.98 million to a Chinese investor who beat out several local and off-shore groups.</p>
<p>Savills Australia’s Clinton Baxter, Ming Li and Jesse Radisich negotiated the deal for 26-32 King Street on a tight yield of 2.9 per cent on behalf of a local private investor. </p>
<p>“The scarcity of Melbourne CBD properties on the market, particularly below $20 million, is apparent among active buyers, resulting in significant pent-up demand,” Mr Baxter said.</p>
<p>The property, a retail and office building of about 1,200 sqm, on a landholding of about 304 sqm, is leased to multiple tenants, including a 7-Eleven on the ground level, and returns a net rental of $352,000 per annum.</p>
<p>“The buyer was seeking to secure a prime CBD asset for long-term capital growth, and this sale demonstrates the strong market appetite for premium properties generating solid income within the CBD,” Mr Baxter said.</p>
<p>The property last traded for $5.1million at a Savills auction in 2010, and has grown in value by 135 per cent over just eight years.</p>
<p>Mr Li said that despite recent media reports of a withdrawal of Chinese money from the Melbourne market, Savills was “actually experiencing an uptick in capital from Asia seeking prime commercial assets”.</p>
<p>“We have Asia-based clients actively seeking all forms of CBD and inner-metropolitan commercial assets,” he said.</p>
<p>The Australian Financial Review reported <span>Rialto Tower co-owner </span><span>Lorenz Grollo was an underbidder.</span></p>
<p><span>The property is<span> across the road from the Rialto tower. </span><cite><br></cite></span></p>
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j.ballantyne1990-6AQqhLzZaK

Savills sells Melbourne CBD office building to Chinese investor

<html><body>
<p class="description">Chatswood is the second highest buyer destination of Chinese property investors in Sydney, although Juwai.com’s director Carrie Law says Chinese investors have been turning away from Sydney real estate.</p>
<div class="story-content">
<p>The Golden Week of celebrations, a popular Chinese holiday when China-based buyers have traditionally visited Australia to purchase new housing en masse, proved quieter than normal.</p>
<p>“We still (saw) some transactions, but it’s not the free-for-all of past years,” Ms Law said.</p>
<div class="w650 h365 image media">
<p class="caption">The Sydney CBD has been the most popular area for Chinese buyers.</p>
</div>
<p>Chinese buyers made six per cent fewer inquiries than in the previous quarter and nine per cent fewer inquiries than over the same period last year, according to Juwai data.</p>
<p>The five most popular suburbs for China-based buyers over the past year were the Sydney CBD, Chatswood, Parramatta, Olympic Park and Edmondson Park.</p>
<p>The year before that, north shore suburb Castlecrag was the most popular, followed by the Sydney CBD, Marsden Park, Pyrmont and Ryde.</p>
<p>The Juwai data coincides with a new report that overall Chinese investment into Australia slumped 40 per cent last year, twice the drop worldwide, according the Australian National University, supported by Treasury and with input from the Reserve Bank of Australia.</p>
<p>The report shows Chinese commercial investment peaked in 2016 at $14.9 billion, before falling to $8.9 billion last year.</p>
<div class="cq-article-content-paras section">
<p data-gtm-vis-first-on-screen-7770372_137="9551" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-recent-on-screen-7770372_137="18556" data-gtm-vis-has-fired-7770372_137="1">"This is an unusual drop in Chinese investment into Australia," the project's leader Peter Drysdale, who heads the Asian Bureau of Economic Research at ANU told The Australian Financial Review.</p>
<p data-gtm-vis-first-on-screen-7770372_137="9551" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-recent-on-screen-7770372_137="18556" data-gtm-vis-has-fired-7770372_137="1">He noted the decrease was significantly larger than the 19.3 per cent fall in China's worldwide foreign direct investment.</p>
</div>
<div class="cq-article-content-paras section">
<p>The database shows $40.4 billion of Chinese money made its way into Australia over the past four years, via 262 transactions.</p>
<p>Last year, the mining sector still accounted for the biggest proportion, making up just over half of the total value of transactions. However, its share has fallen since 2014 as other sectors such as health care and financial technology are starting to attract interest from Chinese buyers.</p>
<p data-gtm-vis-first-on-screen-7770372_137="11556" data-gtm-vis-total-visible-time-7770372_137="1900">"There has been a significant diversification of Chinese investment in Australia," said Professor Drysdale.</p>
</div>
</div>
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Sydney apartment suburbs rank as most popular Chinese property investor destinations

<html><body>
<div><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/3_StockBreakouts/ResizedImages/China-Flag-Optim.jpg" alt=""></div>
<div> </div>
<div>在2018年前，经济学家和房地产专家认为几乎所有澳大利亚首府城市的房价都会上涨。<span class="Apple-converted-space"> </span>
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<div>随着房价的下跌，周转房屋贷款利率的上升，今年春天的房地产市场有很多值得探讨的地方。<span class="Apple-converted-space"> </span>
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<div>阅读我们的免费电子书，了解您需要知道的有关房地产市场的信息。</div>
<div> </div>
<div>{rsform 100}</div>
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jrobinson-rf4aSBido9

免费电子书：软着陆还是崩盘？接下来的房价会是多少？

<html><body>
<p>A Chinese investor has fought off a number of local rivals to secure a Hawthorn office building for $9.85 million.</p>
<p>It was on a tight 4.78% yield through CBRE.</p>
<p>Some four parties put in 108 bids as the price raced past the former record to post a new building rate record for the area of $13,979 a square metre.</p>
<p>The previous record had been the $10,578 a square metre paid for 1 Oxley Road in May. </p>
<p>Located directly across the road from Swinburne University, the recently refurbished 500 Burwood Road property comprises 714 square metres of office space over two levels on a 1998 square metre site, including 21 car spaces and rear access.</p>
<p>It was sold fully leased to long standing tenant, Australian design and construction company Qanstruct, on an eight year lease at gross annual rental of $500,000.</p>
<p>The former Congregational Church proved to be a big attraction for the successful buyer.</p>
<p>The vendor was Qanstruct MD Mark Ruff.</p>
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Chinese buyer pays $9.85 million for Hawthorn office

<html><body>
<p><span class="Apple-converted-space">Chinese buyers of Australian real estate spent US$6.4 billion less in 2017 than they did in 2016, according to J</span>uwai.com’s Chinese Global Property Investment report.</p>
<div>Chinese purchased US$17.4 billion on Australian real estate in 2017, well down on the 2016 total estimate of US$24 billion.</div>
<div> </div>
<div>New Zealand saw US$1 billion in investment.</div>
<div> </div>
<div>The total Australia and New Zealand investment combined was down 23 percent from 2016.</div>
<div> 
<div>Carrie Law, CEO and director of Chinese international real estate website<span class="Apple-converted-space"> </span>Juwai.com said that capital controls, restrictions on bank financing to offshore buyers, and new foreign buyer taxes and restrictions all served to reduce Chinese investment last year.</div>
<div> </div>
<div>"This year we expect moderate growth, which is in line with Beijing’s goal of managed, rational overseas investment," Law said.</div>
<div> </div>
<div>“Despite the higher stamp duties, Chinese still see Australia as a long-term value," Law noted.</div>
<div> </div>
<div>Click here <a href="https://www.propertyobserver.com.au/images/2018/9/11/region1.jpg" target="_blank">to enlarge.</a>
</div>
<div> </div>
<div><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/2018/9/11/region1.jpg" alt=""></div>
<div> </div>
<div>"The majority of our residential buyers are purchasing for their own use, because they have children studying or working here, or because they plan to visit regularly or to retire here.</div>
<div> </div>
<div>"Australia offers a table environment, safety, quality educational institutions, and high quality of life. Both Sydney and Melbourne rank in the top five most liveable cities in the world.</div>
<div> </div>
<div>“In the first half, the most popular Australian cities for Chinese buyers were Melbourne, Sydney, Brisbane, Adelaide, the Gold Coast, Canberra, and Perth.</div>
<div> </div>
<div>Juwai found US$14.1 billion of the $US17.4 billion spent my Chinese in Australia in 2017 was on residential acquisitions. Commercial sales totalled US$3.3 billion.</div>
<div> </div>
<div>“Sources like KPMG suggest that Chinese commercial real estate investment accounts for one-third of all Chinese corporate direct investment in the country.</div>
<div> </div>
<div>"Political tensions between the two countries have a greater impact in creating uncertainty with corporate commercial real estate investors than they do with individual investors buying residential property for their own use.”</div>
</div>
<div> </div>
<div>Globally, total Chinese investment in commercial and residential property hit US$119.7 billion, up 16.1% from the US$101.4 billion reported by Juwai in 2016. </div>
<div> </div>
<div> </div>
<div> </div>
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Chinese property purchasing in Australia down 27 percent in 2017: Juwai 

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<p>A Chinese developer has beaten out the competition with a near $100 million offer for a former apple orchard in Wantirna South, in Melbourne's east.</p>
<p>The family owned Jenkins Orchards site at <a href="https://www.realcommercial.com.au/for-sale/in-wantirna+south,+vic+3152/list-1?autoSuggest=true" target="_blank">1201-1211 High Street Road</a> was sold by Savills.</p>
<p>Nan Xin Investment secured the 15ha site.</p>
<p>The sale comes on the back of the success of nearby residential projects including Wantirna Rise, where all 113 residential lots sold in one day, and Mirvac's $450million, 906-lot Harcrest development of the former Brickworks site.</p>
<p>Savills Australia's Nick Peden described it as "the most significant Melbourne metropolitan landholding to be offered to the market in recent years."</p>
<p>The site was zoned for high-density residential projects of up to five levels, according to Savills agent Jesse Radisich.</p>
<p>The agency ran a four-week campaign with a price guide above $90 million.</p>
<p>The property was purchased in 1922 by the Jenkins family, who ran an orchard that produced apple cider.</p>
<p>It had a fruit and vegetable shop at the site.</p>
<p>Nan Xin Investment is involved in other projects in Victoria including a luxury mixed-use project called Galleria in Glen Waverley.</p>
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$90 million plus Wantirna South apple orchard holding sold through Savills

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<p class="selectionShareable">A lot of Chinese buyers lost their 10 per cent apartment deposits last year.</p>
<p class="selectionShareable">"That was the worst time,” the Merton boss Harry Tribuboff told The Australian noting the trend had dissipated, but interest from Chinese buyers was still slow.</p>
</div>
<p class="selectionShareable">Tribuboff confirmed Chinese buyers were “very important to our segment of the market”.</p>
<p class="selectionShareable">“It is very important not to find new reasons for raising their costs,” he said.</p>
<p class="selectionShareable">Triguboff didn't specify the extent but said it was a "lot" of Chinese buyers. </p>
<div id="story-description">
<p class="selectionShareable">Apartment prices in Sydney had fallen 15 per cent since early last year and were still weakening, but settling down, according to billionaire developer.</p>
</div>
<p class="selectionShareable">He suggests there is no bust coming.</p>
<p class="selectionShareable">Last year Harry Triguboff, Australia’s biggest apartment owner and developer, was offering his buyers free stamp duty.</p>
<p class="selectionShareable">It applied to local and overseas buyers, but excluded foreign person surcharge purchaser duty and additional foreign acquirer duty.</p>
<p>Robert Gottliebsen, writing in The Australian, indicated the initial reaction to the offer had been from overseas Chinese who were embracing the finance offer.</p>
<p> </p>
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As prices fall 15%, Harry Triguboff confirms Chinese apartment buyers lost their 10 percent deposits 

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<p>Sydney-based developer Ceerose said the absence of foreign buyers had left it with unsold apartments.</p>
<p>Chinese buyers, including many local Chinese Australians with capital from mainland China, accounted in good times for up to half of Ceerose's clientele, the Australian Financial Review noted.</p>
<p>"This year the market's hit the handbrake," Ceerose director Edward Doueihi said.</p>
<p data-gtm-vis-first-on-screen-7770372_137="66719" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"It's really affected us.</p>
<p data-gtm-vis-first-on-screen-7770372_137="66719" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"We've taken our developments off the market now. We've stopped marketing. We've stopped buying sites. In Sydney it's very negative."</p>
<p>He was now renting 100 of his unsold apartments across Sydney's inner west, north shore and the CBD.</p>
</div>
<div class="cq-article-content-media section">"We're holding a lot of stock," he said. "We just rent them out now. We can't move them."</div>
<div class="cq-article-content-media section"> </div>
<div class="cq-article-content-media section">Doueihi said the role landlord was not one he'd traditionally played.</div>
<div class="cq-article-content-media section">
<p>Donehi noted a further complication was a simultaneous slowdown in the sales and rental markets.</p>
</div>
<div class="cq-article-content-paras section">
<p data-gtm-vis-first-on-screen-7770372_137="90738" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">Doueihi added the weaker rental market meant his average rent across one, two and three-bedroom apartments was $650 per week, about $50 less than landlord investors secured a year ago.</p>
<p data-gtm-vis-first-on-screen-7770372_137="90738" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">His units were all occupied, but it had taken an average six weeks.</p>
<p>"I've never seen markets in 32 years that the rental market's been affected and the residential sales have been affected," he said.</p>
<p>"It's scary."</p>
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Ceerose become landlords after Sydney apartment sales slowdown

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<p>Official FIRB data has confirmed a collapse in approvals for foreign investment in Australia’s housing market.</p>
<div>
<p>The Foreign Investment Review Board’s annual report reveals a 67 per cent fall in residential real estate approvals last financial year — down from 40,149 approvals to just 13,198 approvals.</p>
<p>The value of FIRB approvals fell from $72.4 billion to $25.2 billion in fiscal 2017.</p>
<p>The large numbers of residential foreign buyers from the boom of 2012-17 are unlikely to be repeated, a UBS report tips.</p>
<p>During 2016–17, 1,669 residential real estate compliance cases were identified for investigation (down from 2,104 cases in 2015-16). Of these, 1,409 investigations were completed (1,637 in 2015–16), which identified 549 properties acquired in breach of Australia’s foreign investment rules (up from 260). There were 96 residential properties divested by foreign persons (up from 54 in 2015–16) totalling nearly $97 million.</p>
<p>Victoria is the most popular state for residential real estate approvals, followed by New South Wales, with these two states accounting for 73% of all such approvals.</p>
<p>Queensland accounts for 18%, Western Australia for 5%, South Australia for 3%, and the Australian Capital Territory for 1%.</p>
<p>Chinese investors were again the largest source of foreign investment approvals by both value ($38.9 billion) and number (9,714) in 2016–17.  </p>
<p>China continued to be the largest source of foreign investment associated with approvals for residential real estate.</p>
</div>
<p>Carrie Law, CEO and Director of Juwai.com, the No. 1 Chinese international real estate website and the exclusive international real estate partner to Chinese online giant Tencent, said the period saw half years "like night and day" in terms of Chinese investment.</p>
<p>"In the second half of 2016, Chinese investment were investing in Australian real estate at an almost irrational pace.</p>
<p>"It was like money falling from heaven for vendors and developers.</p>
<p>"In early 2017, capital controls, financing restrictions, and foreign buyer taxes reduced Chinese investment to more reasonable levels," Law suggested.</p>
<p> “Since November 2017, we seem to have entered a period of more sustainable long-term growth. Chinese buying enquiries for Australian property in March were 5.7% higher than the month before and in Aprilthey were 22.3% higher.</p>
<p><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/2018/5/30/Chinese%20Top%20Cities%20Juwai.jpg" alt=""> </p>
<p>Law added that China’s capital controls have worked.</p>
<p>Today, China’s foreign reserves are up, the Yuan is stronger, the flow" of money out of the country has been reduced, and fears of a devaluation have virtually disappeared.</p>
<p>"But they have succeeded without having to make it impossible for ordinary Chinese families to buy property overseas."</p>
<p>Recent research reports that a majority of Chinese households intend to increase their offshore investments in the coming two years, with real estate the asset class most favoured by outbound investors.</p>
<p> </p>
<p><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/2018/5/30/Chinese%20share%20by%20year%20Juwai.jpg" alt=""> </p>
<p>“The big declines are partly due to lower demand, and mostly due to the changed application fees.”</p>
<p><a href="https://www.propertyobserver.com.au/images/2018/5/30/FIRB%20summary%20Juwai.jpg" target="_blank">Click here</a> to enlarge:</p>
<p><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/2018/5/30/FIRB%20summary%20Juwai.jpg" alt=""></p>
<p> Considering just commercial real estate investment from all nations, approvals dropped from $50 billion to $44 billion.</p>
<p>The FIRB reports that one reason for the decrease in approvals for commercial property is that under the new China-Australia Free Trade Agreement, Chinese investors no longer need request investment approval before purchasing developed commercial property worth less than $1.094 billion. </p>
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