<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Commercial Sales

<html><body>
A grand former Rushworth fire station has been listed for sale at $105,000.
Located at <a href="https://www.commercialrealestate.com.au/property/11-moora-road-rushworth-vic-3612-2013069765" target="_blank">11 Moora Road</a> the former fire stiation has been one of the towns’ landmarks.
It sits on 1,942 sqm land with main road frontage.
Features includes a large 12m X 12m storage and truck area featuring polished hardwood panelling.
There is also an office area along with a large games room.
The property is approved for Zoned Township which offers possibilities including residential, depot for storage, business or even converted into a function room.
It is listed by Hinchliffe &amp; Greed Real Estate John Lilford.
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j.ballantyne1990-6AQqhLzZaK

Former Rushworth landmark fire station for auction

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A 1930s Dimboola shop located centrally at the main street is for sale for $65,000, the same price it traded for in 2005.
The 290 sqm property at <a href="https://www.realestate.com.au/property-other-vic-dimboola-123838510" target="_blank">112-114 Lloyd Street Dimboola</a> is positioned next to a chemist shop.
It is marketed as an ideal location for the owner occupied or retail commercial investment property.
The shop comprises of a good sized showroom, lunch room and two toilets.
The property is currently leased until December 2016 at $110 per week.
It is offered through Coller Rathgeber agent Garry Price.
<img src="/images/2016/10/18/4%20High%20Street.jpg" alt="">
Recently a three bedroom home at <a href="https://www.realestate.com.au/sold/property-house-vic-dimboola-121766206" target="_blank">4 High Street</a> (above) was sold for $85,000.
A play written in 1968 by Australian author Jack Hibberd brought attention to the Victorian town of Dimboola.
The play, called 'Dimboola', makes fun of a wedding breakfast gone wrong where everything from sectarian issues to tensions among the family of the groom, Morrie, and the bride, Maureen.
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Dimboola main street shop for sale 

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A former fire station in Broadmeadow, the Newcastle suburb, is up for November 5 auction.
Located at <a href="https://www.commercialrealestate.com.au/property/9-belford-street-broadmeadow-nsw-2292-2013116438" target="_blank">9 Belford Street</a> it has a land area of 910 sqm with a floor area size of 320 sqm.
It is at the intersection of Belford Street, Samdon Street and Dixon Street with close proximities to the dining and entertainment precinct of Beaumont Street.
Built in 1925 it is prominently positioned within the inner city suburb of Broadmeadow, it has local heritage significance as the red brown brick building is symmetrical and balances former truck garaging with administration areas and residential living quarters.
As it is in original condition, the building celebrates and maintains many heritage items including open fireplaces, pressed metal ceilings and ornate timber windows. It is ideally facing north, the building is a R4 High Density zoned land and is suitable for residential, childcare, retail or commercial purposes with close proximity to public transport.
The auction is on November 5 and is offered through Colliers International agents Nick Christensen and Matt J Kearney.
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Former Broadmeadow fire station for auction

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A former fire station in Echuca is for sale for $1,050,000.
Located at <a href="https://www.commercialrealestate.com.au/property/245-249-pakenham-street-echuca-vic-3564-2013020704" target="_blank">245-249 Pakenham Street</a> the property sits on a land size of 1,262 square metres.
It features the fire station itself, a shed for storage, residence as well as vacant land.
This property has the potential to be redeveloped (STCA) into a number of different establishments including private residence, retail premises, office spaces, accommodation or even apartment living as it has been approved for zoned commercial 1.
The property is being offered through Century 21 Rich River Real Estate agents Steve Pain and Andrew Lochhead.
Another former fire station is also currently available in the central Victoria town of Stanhope. The property at 48 Birdwood Avenue, Stanhope has been listed for considerably less - it's currently listed for $100,000.
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Former heritage Echuca fire station for sale

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A former fire station in the central Victorian town of Stanhope is for sale at $100,000.
The property located at <a href="https://www.commercialrealestate.com.au/property/48-birdwood-avenue-stanhope-vic-3623-2013069764" target="_blank">48 Birdwood Avenue</a> has a land size of 908 square metres with a 20m x 10m station divided into two large rooms.
A wall of polished pine divides the rooms with kitchenette in both rooms and a ceiling fan in the back room.
There are two water tanks, one 18,000 litres and the other 22,700 litres.
The property is offered through Hinchliffe &amp; Greed Real Estate agent John Lilford.
Another former fire station is also currently available in Echuca.
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Former Stanhope fire station listed at $100,000

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A food factory investment opportunity at Dandenong in Melbourne’s south-east has been sold by Ray White Commercial.
Its $550,000 price reflected a 7.2% yield.
The property leased to Z &amp; W Group (Aust) Pty Ltd at 1/23 Egan Road, Dandenong, was sold to a private investor.
Ray White Commercial Oakleigh’s Ryan Amler said the tenant commenced a three-year lease with a further three-year option in May, 2016, and the property returns net rental of $39,600 per annum.
The property has a building area of approximately 310 square metres and is equipped with freezers, a cool room and other plant and equipment valued at more than $250,000.
“This is a fully equipped food factory that enjoys easy access to major arterials including EastLink and the Princes Highway,” Amler said.
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Food factory at Dandenong sold for $550,000

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The latest research from Eastern Sydney Cityscope shows that commercial property sales have increased in both number and total sales value in the last quarter, according to CoreLogic’s latest report.
For the three months to October 2016, there were 29 sales at a total value of $120.4 million, compared to 26 sales at a total value of $52.5 million for the previous quarter.
The yearly figures, however, have declined, with 125 sales at a total value of $404.8 million for the past twelve months, compared to 191 sales at a total value of $606.2 million for the previous year.
The table below shows sales recorded for the past eight updates of Eastern Sydney Cityscope.
<a href="/images/2016/10/21/Cityscope%20East%20table.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/21/Cityscope%20East%20table.jpg" alt="">
Notable sales listed in the October 2016 update of Eastern Sydney Cityscope include:
<ul>
<li>Angela House, a four-storey office building with retail on the ground floor and parking for 12 cars, at 30-36 Bay Street, Double Bay, which was bought for $20.5 million; 
</li>
<li>A two-storey brick building with retail on the ground floor at 124 Campbell Parade, Bondi Beach, which was bought for $19.12 million; and 
</li>
<li>A three-storey commercial building with parking for eight cars at 120-124 Chalmers Street, Surry Hills, which was bought for $12 million.</li>
</ul>
<a href="/images/2016/10/21/Cityscope%20East%20graph.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/21/Cityscope%20East%20graph.jpg" alt="">
Properties listed as for sale in the October 2016 update of Eastern Sydney Cityscope include:
<ul>
<li>Edgecliff Centre, a seven-storey office building over a two-level shopping centre with a net lettable area of 10,850 and underground parking, connected to the Edgecliff Rail/Bus Interchange, at 203-233 New South Head Road, Edgecliff, available through JLL and Knight Frank; 
</li>
<li>Adams Building, a five-storey building with retail on the ground floor, three floors of office space, and residential on the top floor, at 485-489 Elizabeth Street, Surry Hills, available through Deans Property; and 
</li>
<li>Briad House, a five-storey commercial building with parking for five cars, at 491-493 Elizabeth Street, Surry Hills, available through CMS Real Estate.</li>
</ul>
Leasing opportunities listed in the October 2016 update of Eastern Sydney Cityscope include:
<ul>
<li>Holdsworth House, a three-and-five-storey former warehouse building, now with retail and office space of 5,719 sqm and parking for 22 cars, at 32A Oxford Street, Darlinghurst, which has office space of up to 4,711 sqm for lease through Colliers International; 
</li>
<li>100 William Street, Woolloomooloo, a 24-storey office tower with basement parking, which has office space of 312 to 1,162 sqm for lease through Colliers International; and 
</li>
<li>Pullman Sydney Hyde Park, a 22-storey hotel with retail on the ground floor, three levels of office space and underground parking, at 26-36 College Street, Darlinghurst , which has office space of 944 sqm for lease through Colliers International.</li>
</ul>
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Commercial property sales increase in East Sydney over the last quarter: CoreLogic

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A commercial investment with a long term tenant in North Melbourne has been sold at auction by Ray White Commercial for $2,140,000.
The ground floor property at 478-482 Victoria Street, North Melbourne was sold under the hammer to a private investor.
The sale by Ray White Commercial Oakleigh’s George Kelepouris on behalf of a private owner reflected a yield of 5%.
Kelepouris said the onsite auction attracted four bidders.
“This approximately 400 square metre building offered a tremendous investment opportunity. It has an established restaurant operator tenant and is returning net rental of approximately $111,136 per annum,” he said.
“The tenant’s current five-year lease commenced in May 2014 and there are four options of five years.”
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North Melbourne investment sold at auction for $2,140,000

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A recent flurry of close to $50 million worth of commercial property transactions in South West Sydney will pave the way for a wave of new development over the next decade.
CBRE’s Investment &amp; Development Properties team has transacted $44.45 million in commercial property over the past four weeks, underpinned by a resurgence of Chinese buyers swooping on development grade stock across the region.
In Edmondson Park, a Chinese investor secured a 10 acre site at 132-150 Croatia Avenue for $14 million.
A high rise apartment and townhouse project is mooted for the site, which is located on the door-step of the Edmondson Park train station.
CBRE’s Thomas Mosca said the sale was evidence of strengthening investment appetite levels for development grade stock in Sydney’s high growth areas.
“Over the past several months, there has been a significant uplift in enquiry from both local and offshore developers for secure opportunities in South West Sydney’s hottest growth areas,” Mr Mosca explained.
“We are starting to see a number of development applications in both Austral and Edmondson Park - further reinforcing the belief that these two suburbs will developed before the larger centre of Leppington, which is still many years from flourishing.
Further evidencing the trend, a separate Chinese investor secured a 22,000sqm mixed use development site in Austral for $13.95 million.
Situated along Edmondson Avenue, the property has been earmarked for redevelopment over the coming years, with potential to accommodate a mix of residential and commercial upon completion. 
“The majority of recent property sales in this south western pocket have been secured by Chinese purchasers looking to land-bank these opportunities and bring them into fruition once the timing for these areas is right,” Mr Mosca said.
“The developable potential of stock is pivotal to the recent flurry of transactions, with buyers hungry for sites that offer scope for both present and future development.”
He added The bulk of demand is for properties that can accommodate house and land style packages, "while there is also a more niche group of buyers seeking properties that can accommodate high-rise sites.”
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Chinese interest in house and land sites in South West Sydney

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Over the week ending 2 September, there were 28 commercial auctions held with half of all reported results selling.
On a week on week basis, auction activity is lower, with 35 auctions held over the previous week and activity is also lower than at time last year when 51 auctions were held, according to CoreLogic RP Data.
In addition to the lower volumes, the preliminary clearance rate of 50.0 percent is also down from the previous week (71.4 percent) and lower than the 76.5 percent one year ago. 
Over the past four weeks there have been 156 commercial auctions reported, with 96 sales. The total value of transactions, based on the 64 results that were reported with a sale price, sits just below $123.44 million.
<a href="/images/2016/09/09/Commauctions.png" target="_blank">Click to enlarge</a>
 <img src="/images/2016/09/09/Commauctions.png" alt="">
The table below indicates National Auction Clearance Rate figures.
<a href="/images/2016/09/09/ClearanceRates.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/09/ClearanceRates.png" alt="">
 
 
 
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