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

Joel Robinson

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

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

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

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

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Industry Appointments

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Wayne Lasky, Co-Founder and Managing Director of MaxCap Group has announced the appointment of high profile non-executive director Christian Christian AO to the MaxCap Board.
In welcoming Ms Christian to the Board, Mr Lasky said Ms Christian has an extensive 30-year track record together with outstanding experience in financial services.
“Christine is recognised in the marketplace as a leading Australian company director and chairperson, investor and entrepreneur. Her sector experience in financial services, private equity, investment and credit risk management in particular perfectly complements the strength of our existing team,“ said Mr Lasky.
 Ms Christian is currently serving on a number of other high profile boards in both Australia and the United States.
In taking up the position as a MaxCap Group director, Ms Christian said: “It is an absolute honour to join the Board of MaxCap Group. The company has a market leading reputation for creating lasting value for its clients."
"I am pleased to be involved with MaxCap, their culture is innovative, relationship focused and the business is on an exciting growth trajectory.”
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Christine Christian AO joins MaxCap's Board

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Belle Property Wilston has announced the appointment of agent Luke Burton as director of sales in his return to the agency.
Burton has over a decade of experience in residential real estate sales in Brisbane’s inner north.
“When the opportunity came up to become a key partner in the Belle Property Wilston office, it was an easy decision to make,” said Burton.
Teaming up with principal Debora Sutton in his new role, Burton has already recruited two well-established agents, Alex Struss and Sam Landon.
The agency’s overall growth strategy includes attracting the right people and providing them with the right opportunity, the head of network growth, Nick Boyd, said.
“We have known Luke for a long time, and he is the perfect fit for the business given his skill, background and strong-hold on the local market,” Boyd said.
Prior to running Burton and Ryan, a residential real estate agency of his own, Burton worked for Belle for almost four years.
“I’m excited about what lies ahead for our sales team, and the opportunities we are able to provide sales agents to better serve the local property market to the level deserving of Brisbane’s Inner North,” Burton said about his new position.
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Belle Property Wilston recruits Luke Burton

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Veteran banking executive Ross McEwan — who turned around Royal Bank of Scotland in the wake of the global financial crisis — has been appointed new chief executive of the National Australia Bank.
He was most recently CEO of Royal Bank of Scotland, before that he was an executive at CBA.
The announcement comes five months after NAB's former CEO Andrew Thorburn resigned in the wake of the banking royal commission
McEwan won't commence work with NAB until his current obligations at RBS are completed, no later than April 2020.
The former head of retail banking at the Commonwealth Bank is a New Zealand-born banking heavyweight.
National Australia Bank acting chief executive Phil Chronican, who succeeds Dr Ken Henry as chairman in November this year, praised Mr McEwan's long-standing knowledge of Australian banking.
"Ross McEwan is the ideal leader for NAB as we seek to transform our operations and culture firmly around leading customer service, experience and products," Mr Chronican said in a statement to the stock exchange.
"Ross brings a compelling range of experience across finance, insurance and investment with a track record of delivering important and practical improvements for customers.
Mr McEwan had announced his resignation from RBS in April 2019.
The British Government still owns 62 per cent of RBS, although it plans to sell that stake by 2024.
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NAB announce new CEO Ross McEwan

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Michael Sukkar has been appointed assistant Minister to the Treasurer and Minister for Housing.
He has been a member of the House of Representatives since 2013, representing the Deakin electorate in Victoria for the Liberal Party.
He served as the Assistant Minister to the Treasurer between 24 January 2017 and August 2018, when he returned to the backbench.
Luke Howarth is the assistant minister for Community Housing and Homelessness as key parts of Scott Morrison’s second Ministry.
The announcement of a Federal Housing Minister and an Assistant Ministry for Community Housing in the second Morrison ministry shows an awakening to the importance of affordable housing to the future of the country, according to Nicholas Proud, CEO of PowerHousing Australia, which represents 33 of Australia’s largest tier one and scale-growth community housing providers. 
“As the biggest slowdown in the development of residential housing in our history threatens to see house prices sky rocket again as demand again outstrips supply, the Federal Government signals that affordable housing, social impact and the economy are not mutually exclusive.
“With housing remaining in Treasury there is real promise to build on the development of the National Housing Finance and Investment Corporation to see affordable housing deliver up to 10-20 per cent of the national build rate to preserve, jobs, underpin state budgets, preserve supply and keep house prices rising at a more manageable pace.
“Linking Treasury, Cities and Urban Infrastructure makes real common sense, it shows commitment to stop thinking about social and affordable housing as a short-term real estate play and reframes it as a long-term infrastructure yield/risk class ripe for 10-15 year institutional and global investment.
“It also links housing to the deep infrastructure and City Deals investments announced in previous Coalition budgets, which help to reduce congestion and make it easier for Australians, including key workers and those on low and middle incomes, to more easily get to and from work."
Around noted Australia is heading for a slowdown in new housing delivery.
The Australian Banking Association welcomed the reappointment of Treasurer the Hon Josh Frydenberg MP and the new appointments of the Hon Michael Sukkar MP as Assistant Treasurer and Minister for Housing and Senator Jane Hume as Assistant Minister for Superannuation, Financial Services and Financial Technology.  
The CEO of the Australian Banking Association Anna Bligh welcomed the new appointments and looks forward to working closely with the Government on important policies such as improving protections for customers through overhauling the Banking Code of Practice, Open Banking and the Government’s First Home Buyers policy announced during the campaign.
“There are a number of critical reforms apart from the Royal Commission, most notably Open Banking and Comprehensive Credit Reporting, which the industry is eager to continue to work closely with the Government to ensure their success.
“Australia’s banks hold a critical role in the national economy and stand ready to work with the Morrison Government to ensure the economy keeps growing, from the financing of infrastructure projects to helping everyday people get ahead in life with first homes, cars and small business lending.
“Ensuring lending remains straight forward and easy for Australian customers looking to buy a home or invest in their business is a top priority for the industry and remains a critical element in ensuring the economy is geared for growth,” she said.
 
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Michael Sukkar appointed Minister for Housing

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Century 21 Australasia has appointed industry operative Warren McCarthy as their new CEO, a decade after his last big job.
McCarthy (above) is an veteran of 35 years most recently briefly at McGrath Sutherland where he was sales manager.
He'd previously held senior roles with LJ Hooker.
It was in 2004 when McCarthy took over from Grahame Cooke as the chief executive at L J Hooker, then one of Australia's leading real estate franchise chains and one of the country's most recognisable trusted brands.
At the time the Hooker empire had 700 franchises in Australia and New Zealand, and established a number of beachheads in Asia.
Around 6500 people work under the logo, producing around $25 billion in sales in 2003.
On his 2009 departure it was reported the Suncorp-owned agency, in 12 countries, comprised over 7000 people across 750 franchises.
<div class="page" title="Page 1">He then became the managing director of McCarthy Business Consultants during which time he served on the advisory board of Nextforsale and on the advisory board for Ibuynew.</div>
McCarthy began in the family business in Helensburgh south of Sydney in 1980 and the operation became an LJ Hooker franchise in 1988.
He then joined the franchisor, rising to become associate director, before managing the LJ Hooker Double Bay operation in Sydney's eastern suburbs.
The longtime executive chairman Charles Tarbey will continue to operate as Century 21’s chairman overseeing the team and the franchisees alongside McCarthy.
Tarbey told industry websites that McCarthy brings to Century 21 "a fresh mindset."
John McGrath described McCarthy as “one of Australia’s best real estate agents” when McCarthy described McGrath Estate Agents as "the benchmark and the envy of the entire real estate industry and market leaders when it comes to marketing, training, ethics, technology and sales."
Tarbey bought the Australasian arm of the Century 21 Australasia in 1995.
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Charles Tarbey appoints Warren McCarthy as his CEO at Century 21

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Rod Leaver has been named the new CEO of Knight Frank.
Leaver, the former CEO of Lendlease Australia and later CEO of Lendlease Asia, has been an independent real estate advisor since returning from his role in Asia in 2016.
He has been advising groups on real estate strategy, portfolio governance and urban regeneration projects.
While CEO, Leaver successfully formulated and executed a new strategy for Lendlease Asia, securing two major urban regeneration projects in Singapore and Malaysia totalling US$6 billion, and its first Senior Living development in China.
Leaver said he is delighted to be joining Knight Frank.
"The focus on delivering outstanding client service by providing the best professional advice together with developing outstanding talent accords very much with my own approach to business," Leaver said.
"As a partnership, Knight Frank encourages a sense of entrepreneurship amongst its people while also taking a long-term perspective. 
"I am very much looking forward to starting in May.”
Leaver was named CEO of Lendlease Australia in 2010 and took the top job at Lendlease Asia a year later. 
He had previously been Lendlease's global head of investment management. 
Leaver will replace outgoing chief executive Stephen Ellis who will retire from the firm in June 2019.
Knight Frank chairman and senior partner Alistair Elliott thanked Ellis for his contribution to the partnership over the past nine years.
"His energy and enthusiasm have been central to the success of the Australian business and we wish him well in his retirement.
"I would also like to welcome Rod, whose credentials are absolutely aligned with our desire to substantially grow the Australian business over the next few years.”
 
 
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Knight Frank appoint former Lendlease boss Rod Leaver as new CEO

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The Agency Group Australia has seen Andrew Jensen appointed to the role of interim chairman, effective immediately.
Jensen succeeds Philip Re who tendered his resignation as chairman and from the board of the listed estate agency.
The Agency has a $23 million market capitalisation, after shares fell 15 percent today. Jensen has previously held the position of chief financial officer at The Agency, with a strong prior commercial, strategic and M&amp;A experience.
Jensen was the CFO of Australasia’s largest real estate group Ray White for eight years.
He has also been the CFO of VGC Food Group Pty Ltd, a private diversified manufacturing and franchising group.
“I am delighted to accept the opportunity to be Chairman of The Agency Group at this stage of its development,” Mr Jensen said.
“Despite the current market downturn, this Company is ideally positioned as innovative disrupter in the national real estate market to continue its rapid growth and cement its position as the fastest growing real estate company nationally.”
The Agency fell to ¢19 in its trading on Monday afternoon.
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The Agency managing director Paul Niardone said Phil Re had played a "key role overseeing what has been a significant transformational period for the company."
“As chairman, Phil has steered the company from its infancy, operating from one office in Doubleview with next to no agents under the Ausnet Real Estate Services banner, to being the fastest growing national real estate company in Australia with 293 agents across multiple offices and unaudited group revenue of approximately $24.5 million.
“He has overseen the Company’s substantial growth in Western Australia via the acquisition of Sell Lease Propertyand other notable real estate agencies including Beaufort Realty and the transition to national real estate agency with the acquisition of Top Level Real Estate.
“The board wish to thank Phil for his significant contribution and commitment to the Company and wish him all the best in his future endeavours.”
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Andrew Jensen appointed interim chairman of The Agency

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Former TV presenter Tom Williams has joined LJ Hooker Avnu's new office, the Michael Coombs team in Mosman.
Coombs was previously at McGrath for 16 years before McGrath ended its franchise agreement on the Lower North Shore late last year.
Williams (below), whose kids go to school in Mosman, told the Mosman Collective, who suggested he was always interested in real estate.
“Property – and real estate is my thing," he said.
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“It always has been, but most people haven’t known about it - until now!
“My family are super excited about the incredible opportunity I’ve been given, especially my young daughters.
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“I’m really excited about this new direction in my career and thrilled to be joining Team Coombs."
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Williams <a href="/news/former-tv-presenter-tom-williams-turns-to-real-estate">turned to real estate late last year</a> shortly after leaving Channel 7 where he was the co-host of The Daily Edition.
He joined project marketing company Boutique Estates International, where his sister in law Vanessa Gilbert is a director.
He was marketing Inspire Broadwater, the new Labrador tower on the Gold Coast.
Coombs greeted Williams on Facebook, saying he is "excited to have Tom join the team."
Coombs now have a team of five at LJ Hooker Avnu, carrying four over from the former McGrath office.
Coombs is a founding agent of LJ Hooker Avnu, a little-known, newly launched, technology-based full-service agency based at nearby Neutral Bay.
Coombs told the Mosman Collective appointing Williams was an "absolute no brainer".
“Tom is a Mosman boy who has been involved in property for most of his life,” Coombs said.
“He is a passionate local, he understands our suburb and its people – and his knowledge of the lower north shore market is impressive.
“He’s going to be a huge asset to Team Coombs.”
 
 
 
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Celebrity TV chippy Tom Williams joins Michael Coombs LJ Hooker Avnu team

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Leading McGrath estate agent Peter Starr has resigned from McGrath.
He is serving out his notice, with Raine &amp; Horne Double Bay whispered as his next agency.
He was the top seller in its Edgecliff headquarters.
It marks a return to Raine &amp; Horne for Starr, who rejoined McGrath around 2007.
Starr was the highest selling agent in Sydney's east for McGrath for the past three years.
Starr has over 27 years experience in the real estate industry.
His clients have include the late showbiz impresario Harry M Miller, Olympian Murray Rose and RM Williams boss Ken Cowley.
He was one of the McGrath agents involved in the recently concluded, long running State Government Millers Point terrace house sales campaign.
He commenced in commercial leasing and moved into residential in 1992, including time at Laing &amp; Simmons Double Bay, then starting his own business in 1996 with the purchase of Martin &amp; Punch at Edgecliff.
In 2002 with McGrath wanting to grow their rent roll business, he sold the Martin &amp; Punch business to work at McGrath which was readying for its then anticipated 2002 ASX float.
From early 2006, for around 18 months, he worked at Raine &amp; Horne Double Bay during its Pallier/Goldman/Maskin incarnation.
He then returned to McGrath.
McGrath’s domination in the recent annual Real Estate Business Top 100 Agents ranking with 27 of the Top 100 agents in Australia included Starr in 12th place.
McGrath's overall top selling agent was Matt Steinwede with $271 million in sales on the NSW Central Coast.
Starr notched up $223 million in sales followed by Peter Chauncy on the lower North Shore with $207 million in sales, although not all McGrath agents participate in the REB top 100 listing.
With its recruits falling short, the McGrath Eastern Suburbs sales team has required the direct listing assistance of their founder, John McGrath over recent times as it struggles to secure prestige listings.
John McGrath has also recently <a href="/news/sydneys-number-one-penthouse-hits-the-market-through-john-mcgrath">turned his hand to selling prestige offerings</a>.
 
 
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Peter Starr exits McGrath for Raine & Horne Double Bay

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Former Mirvac CEO Greg Paramor will join the board of directors at Juwai, the No.1 Chinese international property website, as a non-executive director from December.
Paramor has been involved in the real estate and funds management industry for more than 40 years.
He is former CEO of Mirvac Group, past president of both the Property Council of Australia and the Investment Funds Association, a board member of the professional Australian rules football club the Sydney Swans, and the immediate past Chair of LJ Hooker.
Juwai.com board chairman Georg Chmiel said Greg brings to Juwai.com so much expertise in Australian and APAC property, finance, and business that he is a treasure to have on the board.
"We expect Greg to work closely with the existing board members and the executive team on delivering on our vision for Juwai in 2019 and beyond," Chmiel said.
“This year, Juwai.com has delivered rapid growth on its financial and operational metrics."
Paramor said he is delighted to join the board.
“Juwai.com is one of the most exciting real estate technology companies on the landscape today," he said.
“Juwai.com has a promising future, given the size of its addressable market, its lead over potential competitors, and its role in the cross-border property sales process."
In August, Paramor's property fund management and development group, Folkestone, was acquired by Charter Hall Limited for $205 million.
He is a non-executive director at Charter Hall, which is a listed property funds management group with over AU$26 billion under management.
Paramor served as CEO of Mirvac Group between 2004 and 2008. He cofounded Equity Real Estate Partners, Growth Equities Mutual, Paladin Australia and the James Fielding Group. 
Paramor was awarded an Officer in the General Division (AO) of the Order of Australia in January 2015 for his distinguished service to the community through executive roles in fields that include breast cancer research, sport, the not-for-profit sector, and property. 
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