A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Leisure

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Mirvac has confirmed it is among the bidders for the Kingswood Golf Course site in Dingley Village in Melbourne’s south-east. 
The 53.4-hectare site has the capacity for about 700 dwellings.
The Australian Financial Review says it is expected to sell for about $100 million. 
The sale is being handled by EY for the Peninsula-Kingswood Country Club.
The 105 year old Dingley club merged with Peninsula Golf Club to ensure its financial viability last year, and a decision was made to sell off the Dingley course by the members of the private golf club where 63% of their members voted in favour.
Locals have produced a 20-page book, Kingswood: The Central Park in Dingley Village, covering the loss of the amenity and the possible environmental and social impacts of any housing redevelopment.
The club is currently reviewing the expressions of interest, general manager Heath Wilson said.
Picture courtesy of Facebook. 
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jchancellor-FAypfDUnLy

Mirvac keen to buy Dingley's Kingswood golf course

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It’s getting colder as we enter into the heart of winter and it’s unsurprising that most of us are pumping up the heating and bringing out the mittens.
While Property Observer can’t change the weather, as much as some of us would like to bring summer earlier, we can certainly celebrate the properties that it inspires. To bring a little bit of cheer, we’re sharing six gorgeous ski lodges that are on the market promising something of a personal winter wonderland.
The first is<a href="https://www.realestate.com.au/property-house-tas-ben+lomond-106392876" target="_blank"> O Zermatt Lodge in the Ben Lomond national park</a>.
<img src="/images/2014/06/19/Ben%20Lomond%20june%2019%20one.jpg" alt="">
Seeking offers over $150,000, this is our only Tasmanian offering on the list and is a “cedar clad” ski lodge and is a leasehold offering. It’s in the highest residential location in the state, and notes that it has views of a third of Tasmania.
It comes with a generator, full insulation, a new roof, a bunk room that sleeps six on lounge fold out beds, a fireplace, and cooking facilities, this one-bedroom, one-bathroom property is a cute getaway for those looking to don their skis.
<img src="/images/2014/06/19/Ben%20Lomond%20june%2019%20two.jpg" alt="">
It is the first time is has been offered for public sale and is wonderfully secluded.
We particularly love the completely iced-over main image, with just the suggestion of a chimney peeking out.
<img src="/images/2014/06/19/Ben%20Lomond%20june%2019%20three.jpg" alt="">
<img src="/images/2014/06/19/Ben%20Lomond%20june%2019%20four.jpg" alt="">
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This next lodge, in Victoria, is named <a href="https://www.realestate.com.au/property-apartment-vic-mount+hotham-107269241" target="_blank">“Igloo” at “Absollut”</a> and is at 9 Hot Plate Drive, Mount Hotham.
<img src="/images/2014/06/19/hotham%20june%2019%20one.jpg" alt="">
Looking for a $298,000 buyer, the two-bedroom one-bathroom ground floor lodge apartment is a contemporary style, with a building façade that our eyes are frosted over by.
It’s right near the ski runs, and the building is apparently renowned for its quality build and low maintenance requirements. The foyer includes ski storage.
<img src="/images/2014/06/19/hotham%20june%2019%20two.jpg" alt="">
The bathroom has a spa bath, which we think would be very welcome after a day of skiing, and it includes pay TV access, dishwasher, intercom and built-in wardrobes, with broadband internet available.
There’s no balcony alike the upstairs apartments, however it retains the hotel-feel of the lodge. It’s aptly up for sale with agents Paul Englisch and Jo Winter (a fabulous surname for an agent with Alpine Property agency).
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Another Victorian opportunity is this commercial or private ski lodge offering in Mt Baw Baw Ski Resort Village.
10 Site at <a href="https://www.realestate.com.au/property-alpine-vic-mt+baw+baw-107399829" target="_blank">10 Mt Baw Baw Alpine Resort</a>, it has been fully renovated in “recent years,” notes the listing, and is a two storey lodge offering four bedrooms that could sleep 12 comfortably and two bathrooms.
<img src="/images/2014/06/19/baw%20baw%20june%2019%20one.jpg" alt="">
Near to village entertainment and dining, with easy access to ski lifts and trails, it may be a redevelopment opportunity depending on council approval.
They’re hoping for $325,000 to $350,000 for the 963 square metre site that’s beautifully nestled away in the trees, and looks very welcoming with the warm amber lights on.
<img src="/images/2014/06/19/baw%20baw%20june%2019%20two.jpg" alt="">
<img src="/images/2014/06/19/baw%20baw%20june%2019%20three.jpg" alt="">
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At <a href="https://www.realestate.com.au/property-alpine-nsw-thredbo+village-114643759" target="_blank">3/8 Summit Way in New South Wales’ Thredbo Village</a> is a freestanding ski lodge that has been owned by the same family for “many years”.
<img src="/images/2014/06/19/thredbo%20juine%2019%20one.jpg" alt="">
It’s in the Woodridge estate, which is right in the middle of Thredbo, and the home is known as Milkwood. With two-bedrooms, it’s tri-level and includes a main bedroom with built-ins, a loft space, two living areas, two-bathrooms, a drying room, two open car spaces and a fireplace.
<img src="/images/2014/06/19/thredbo%20juine%2019%20two.jpg" alt="">
They’re seeking $895,000, noting it’s one of very few freestanding properties in the area.
It has something of a tree-house feel, and we love the circular window in the loft room.
<img src="/images/2014/06/19/thredbo%20juine%2019%20three.jpg" alt="">
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If you’re looking for something cheaper to get in on the winter action, then you can purchase a Queen Suite room for $50,000 at <a href="https://www.realestate.com.au/property-alpine-vic-falls+creek-115846275" target="_blank">Victoria’s Summit Ridge Alpine Lodge</a>. The rooms, 12, 13, 14 and 15 at 8 Schuss Street, Falls Creek, would be able to be used for two weeks a season by the purchaser.
<img src="/images/2014/06/19/falls%20creek%20june%2019%20one.jpg" alt="">
The lodge is on the highest street in Falls Creek, with ski-in, ski-out access and seclusion.
Each room comes with a queen-sized bed, full bathroom and bathtub and a living area, and the communal area includes a lovely fireplace.
It has views of the Bogong Valley and snow-capped mountains.
<img src="/images/2014/06/19/falls%20creek%20june%2019%20two.jpg" alt="">
<img src="/images/2014/06/19/falls%20creek%20june%2019%20three.jpg" alt="">
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In Victoria’s Mount Buller,<a href="https://www.realestate.com.au/property-alpine-vic-mount+buller-113045787" target="_blank"> Snowdown Lodge, or 140 Delatite Lane</a>, is up for sale. Seeking $740,000, the 24 bed commercial lodge is on 982 square metres and has large picture windows.
<img src="/images/2014/06/19/buller%20june%2019%20one.jpg" alt="">
The tri-level property positions the kitchen on the upper level, with a living and dining area, and double bedroom with ensuite.
The middle level includes laundry facilities, a storage area, a drying room and five bunk rooms, two bathrooms and a separate toilet.
<img src="/images/2014/06/19/buller%20june%2019%20two.jpg" alt="">
The lower level includes the owner’s accommodation, with two bedrooms, living area, kitchenette and bathroom.
A village shuttle visits every 30 minutes to the bus stop that is metres from the front door in winter season. It’s furnished, and close to amenities.
The chosen pictures of the area are Property Observer’s perfect idea of a winter wonderland, and the bunk rooms appear cosy and ready for visitors.
<img src="/images/2014/06/19/buller%20june%2019%20three.jpg" alt="">
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jduke-EHk3XBmHkn

Six ski lodges for sale to help you brave the cold

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Innovative plans are among the five Australian finalists shortlisted from 144 entries in the City of Sydney’s competition to design the Green Square Aquatic Centre and neighbouring Gunyama Park.
The shortlisted entries add green touches to habitats lost during Zetland’s industrial expansion. 
The five finalists are:
Andrew Burns Architect – Sydney Cullinan Ivanov Partnership – Sydney CHROFI &amp; McGregor Coxall – Sydney Andrew Burges Architects – Sydney TYP-TOP Studio (Andrew Daly and Kevin Liu) – Sydney
Scenarios depicted within some of the final designs include  a picket-fence reminder of old cricket fields, a grand central foyer with sprawling views, swimming pools sunken amid revived wetlands, a beach and boardwalk, and connected pools that can be rearranged for fun.
Lord Mayor Clover Moore said the number of high-quality entries was a testament to the City of Sydney’s commitment to design excellence.
“Green Square is Australia’s biggest urban development and one of Sydney’s fastest growing and most exciting new communities,” the Lord Mayor said.
“With 40,000 residents and 22,000 workers on the way, the City is moving ahead with the construction of new community facilities. Our new aquatic centre, parks and library will be at the heart of this growing community.”
Located on Joynton Avenue, opposite the former South Sydney Hospital, the aquatic centre will house an outdoor 50 metre, an indoor 25 metre pool, a leisure pool, a hydrotherapy pool and a gym.
The aquatic centre and park will form part of the commercial, retail and cultural heart of the $8 billion greater Green Square redevelopment on the city’s southern fringe.
An independent jury selected the five finalists in the design competition. The second stage over the next 10 weeks requires the finalists to prepare more detailed designs and carry out cost assessments.
The jury will recommend a winner to Council with an announcement expected later this year.
 The five members of the Aquatic Centre and Gunyama Park Competition Jury are:
Chair: Carey Lyon, architect – Director of Lyons, an award-winning architecture and urban design practice based in Melbourne; acknowledged leader in urban design, sustainability and the design of research/learning environments.
Professor Richard Johnson MBE AO, architect – Director of Johnson Pilton Walker, an award-winning architecture and urban design practice based in Sydney; Life Fellow of the Australian Institute of Architects; RAIA Gold Medalist;
Camilla Block, architect – Director of Durbach Block Jaggers, an award-winning architecture and urban design practice based in Sydney; acknowledged design leader for residential, commercial and civic projects;
Professor Gini Lee, landscape architect – Elisabeth Murdoch Chair of Landscape Architecture, University of Melbourne; registered landscape architect; member of City of Melbourne Parks &amp; Gardens Advisory Committee; and
Greg Holman, architect/aquatic buildability and construction – Principal Architect at Harry Seidler &amp; Associates, in charge of the winning design and construction oversight of the Ian Thorpe Aquatic Centre in Sydney. 
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Five finalists shortlisted for City of Sydney’s Green Square Aquatic Centre designs

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The Gold Coast is set to host the 2018 Commonwealth Games, which will see a surge in infrastructure and investment spend. Such is the spend that it <a href="/news/qld/gold-coast-property-recovery-tipped-from-2015-as-house-prices-bounce-back-but-unit-prices-slip-to-lowest-in-a-decade-prodap-report">has had reports predicting a house price bounce since 2013</a>.
The spend, however, also includes a $55 million outlay on a velodrome.
This one is to be designed by Brisbane-based Cox Rayner architect, a project that Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney announced would keep dollars in the local economy.
“The design and construction of these facilities will provide a lasting legacy for Queenslanders to enjoy long after the Games is over, proving that we have a strong plan for a brighter future for the State,” said Seeney.
“The Games will inject an estimated $2 billion into our economy and create up to 30,000 full time equivalent jobs.”
It is to be built at the Sleeman Sports Complex near the SuperX BMX track, with the aims of making the area a “cycling mecca”.
<img src="/images/2014/06/18/gold-coast-june-18-two.jpg" alt="">
Cox Rayner Architects submitted plans and scored highly due to capability, experience, comparative cost and knowledge of the sports complex.
“The firm’s winning design capitalises on south-east Queensland’s sub-tropical climate and conservation surrounds,” he said.
“Its streamlined roof design will overcome the weather limitations of the existing outdoor velodrome, which was built for the 1982 Brisbane Commonwealth Games.”
A timber track will also be built, where the previous velodrome’s was concrete.
<img src="/images/2014/06/18/gold-coast-june-18-three.jpg" alt="">
In total 17 new and refurbished venues are expected for the games, with the Velodrome to be one of two in Brisbane. Belmont Shooting Range will also be in Brisbane.
The velodrome will include a café and improved green spaces.
The <a href="/expert-insights/buying/gold-coast-commonwealth-games-village-urban-renewal-project-underway">Gold Coast's Games Village urban renewal project is already underway</a>.
It remains to be seen <a href="/expert-insights/investing/gold-coast-to-ride-wave-of-commonwealth-games-momentum">whether the Gold Coast will ride the wave of the games' momentum</a>.
Images supplied.
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Gold Coast aiming to become new "cycling mecca" with $55 million velodrome development

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Caravan parks appear to be attracting a lot of attention in New South Wales’ far north coast area of Tweed Head.
Ray White Commercial notes that Tweet Heritage Caravan Park at Chinderah (pictured above) sold for $6.08 million.
Sam Johnson of Ray White Commercial said that it was a once in a lifetime option to acquire the fully operational business set up on a substantial parcel of land.
“We had 76 enquiries during the marketing campaign and 15 offers to purchase were received. Caravan parks and manufactured housing estates are playing an increasingly important role in meeting the housing requirements of the ageing population in Australia,” he said.
Institutional investors and “cashed up private investors” are looking at this sector of the market, he said.
This most recent sale followed two other similar sales totaling more than $12 million. One of these sales was the adjoining Chinderah Lakes Caravan Park at 182-184 Chinderah Bay Drive, Chinderah. This site cost just under $4 million and sold to the same Sydney-based private fund.
The Royal Pacific Tourist Retreat and Caravan Park in Chinderah was also recently bought for $2.5 million.
THE PROPERTY
<ul>
<li>Vendor: Tweed Heritage Park Pty Ltd</li>
<li>Type: Caravan park</li>
<li>Details: 147 caravan sites, two large four-bedroom residences, manager’s office.</li>
<li>Income potential (gross): $1 million</li>
<li>Offers: 76 enquiries, 15 offers to purchase</li>
<li>Size: 40,100 square metres</li>
<li>Address: 186-202 Chinderah Bay Drive, Chinderah</li>
<li>Bought by: Sydney-based private fund</li>
</ul>
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Three caravan parks sold in Tweed Heads region

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Coal baron Nathan Tinkler has finally agreed to sell his beloved horse racing stud Patinack Farm.
Tinkler announced a deal yesterday to sell the thoroughbred racing and breeding operation to a consortium of local and overseas parties from the Middle East.
Tinkler has been clinging onto control of Patinack Farm since 2012 when it was <a href="https://www.smartcompany.com.au/finance/wealth-management/29211-nathan-tinkler-s-horse-racing-empire-goes-into-liquidation">placed in liquidation</a>.
The sale shows how far Tinkler has fallen after once topping BRW’s Young Rich List with an estimated net wealth of $1.1 billion by the age of 35.
Throughout all his troubles he has fought to retain his horse racing empire.
The consortium which has bought Patinack Farm is unnamed but the deal was negotiated by UAE-based investment firm Cibola Capital.
The sale will be on a “walk in, walk out” basis for an undisclosed sum.
It is unclear how much Tinkler will get back of the estimated $200 million to $300 million he has ploughed into buying the training facilities, stud farms and hundreds of high-quality racehorses which make up Patinack Farm. 
Sale contracts have been exchanged and the transaction will be completed in the coming weeks.
Tinkler said he was “extremely pleased” with the sale and described the consortium as “an ambitious group” who will “continue to build” on Patinack Farm’s foundations.
“I am also satisfied that the investment I have made into the Patinack Farm facilities and bloodlines will continue and that Patinack staff will be offered employment,” Tinkler said in a statement.
Tinkler said he sold up as he now resides overseas and his focus is on the Tinkler Group’s “core operations” in resources and mining.
“The sale will allow further capital to be used in the development of our existing operations” Tinkler said.
He needs the cash after <a href="https://www.smartcompany.com.au/growth/41939-tinkler-back-in-the-game-after-queensland-coal-mine-purchase?utm_source=SmartCompany&amp;utm_campaign=ada43c65e9-Wednesday_14_May_201414_05_2014&amp;utm_medium=email&amp;utm_term=0_234118efee-ada43c65e9-93974049">re-entering the coal market last week</a> with a $150 million purchase of Peabody Energy’s Wilkie Creek mine in Queensland.
Daniel Kenny, chief executive officer of Cibola Capital, said in a statement the consortium was excited about growing the business by investing in breeding and racing across Australia and internationally.
“We are planning to expand the current operation offering a mixture of proven and new stallions for every breeder in Australia,” Kenny said.
“In a short space of time, Nathan has created and built Patinack Farm into one of the leading equine operations, with exceptional facilities and the ability to produce Group 1 winners.”
Patinack Farm is made up of three major properties including a 3300 acre breeding facility at Sandy Hollow in the NSW Hunter Valley, a 1000 acre training facility and stud at Canungra on the Gold Coast and 950 acres of undeveloped horse country at Monegeetta, Victoria close to the racecourses of Melbourne.
It currently has bloodstock of close to 600 horses.
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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cwaters-YrtBR88nBe

Tinkler finally forced to sell his horse racing empire

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The receivership sale of Heritage Golf and Country Club in the Yarra Valley’s Chirnside Park, north-east of Melbourne, has secured $17.8 million, just over half its over-inflated $30 million book value.
The two golf course, 230 hectare property has been bought by HGC Properties, a company directed by Melbourne accountant Sam Cimino, with its only shareholder being, Fly Group Limited, an entity without any directorial paperwork which is understood to have origins in China.
Scott Callow and Mark Wizel of CBRE Hotels negotiated the sale on behalf of the receivers PKF Lawler in conjunction with Michael Hede of Knight Frank. 
"We are certainly in a different cycle of commercial property when golf courses are quickly selling," Mark Wizel told Property Observer.
"Banks have an increased preparedness to lend on non-core assets.
"There is Chinese buying appetite for leisure property, not just the residential projects that have been the dominant desire to date," Mark Wizel said.
The Jack Nicklaus-designed St John golf course ranks among the best golf courses in Australia. The property is located on the Yarra River near Chirnside Park and has two 18 hole golf courses (the St John Course, south side designed by Jack Nicklaus in 1996) along with the Henley Course, on its north side designed by Tony Cashmore in 2002.
The property included townhouse development land and residential lots (STCA). 
Heritage Golf &amp; Country Club has a strong established membership base with 1,394 members. It hosted the Victorian PGA Tournament in February this year. 
There were about 47,500 golf rounds by played annually.
<a href="https://cbre.realcommercial.com.au/property-land+development-vic-chirnside+park-501095227" target="_blank">Heritage Golf and Country Club</a> was under the control of the Melbourne businessman and property developer Guo Zhao “Sunny” Sun.
Mr Sun acquired the golf estate around 2011 at just short of $15 million. But he subsequently became embroiled in a Victorian Supreme Court dispute with business partner Wang Hua, China’s 790th richest person, over control of the country club, as reported by Fairfax Media.
A court ordered followed that Heritage Golf and Country Club Pty Ltd be wound-up with the creditors owed $13.8 million, according to a News Ltd report which suggested one creditor, the Alter family, through its Austpac Funds Management, unsuccessfully proposed a deed of company arrangement.
Sun had purchased the property from receivers to the Letten Schemes, a series of property investment funds established by Mark Letten that fell apart during the global financial crisis.
Wang Hua and Mr Sun founded residential development company Kingsland Group, which has built small-scale townhouse and apartment developments in Melbourne since around 2003.
Wang Hua, from the Jeshing Group, was <a href="/news/offshore-buyer-secures-16-st-georges-road-toorak-from-peter-devitt-in-circa-20-million-sale">the mystery buyer who spent $18.58 million last year</a> on the Toorak estate of the director of construction company L.U. Simon Peter Devitt through Kay &amp; Burton agent Ross Savas (pictured below), in the name of his wife, Xiao "Kylie" Yan Bao, who received an Australian visa in 2001. She had bought a mansion on Irving Road, Toorak for $3,399,000 in 2003.
<img src="/images/stories/flexicontent/l_toorak-sept-23-breakout.jpg" alt="Offshore buyer secures 16 St Georges Road, Toorak from Peter Devitt in circa $20 million sale">
Private homes overlooking the course have been sold over the years, with Fletchers currently having a three bedroom townhouse offering on Turnberry Lane (pictured below). <a href="https://www.1turnberrylanechirnsidepark.com" target="_blank">It had $1.3 million hopes</a>, after being passed in at $1.05 million at auction last month. Its vendor is not connected to the golf course ownership.
<img src="/images/2014/04/23/chirnside%20april%2023%20one.jpg" alt="">
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Jack Nicklaus-designed St John course at Heritage Golf and Country Club, Chirnside Park sold

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The Chase, the historic trophy property at Sutton Forest, has been bought for $5.8 million by the Malaysian horse racing tycoon Teo Ah Khing.
The five-bedroom 1880s house with a reception hall, formal sitting room and dining room, billiard room and living room is on 40 hectares in the NSW Southern Highlands.
Surrounded by sweeping lawns, hedged and walled gardens and exotic trees, <a href="https://www.realestate.com.au/property-other-nsw-sutton+forest-7594107" target="_blank">The Chase</a> homestead comes with a cottage, stables, barn and cattle yards as well as a pool and tennis court.
The restored and extended house comes with 3.35-metre-high Wunderlich ceilings.
It has 600 square metres of internal living space after extensions in the early 1980s. 
Teo Ah Khing, who linked up with Coolmore to spend $2 million-plus on yearlings by Fastnet Rock for the China Horse Club, was the big new comer at the 2013 Easter Inglis yearling sales..
It was sold by John Starr, a real estate franchise tsar of Sydney's western suburbs, through Bill Carpenter from W. Mcl. Carpenter and Associates earlier this year with the buyer details recently revealed on settlement. John Starr had bought it for $5.25 million from the retired Compaq executive Ian Penman, turned listed property website chief executive, and his wife, Ayesha.
The Penman's had bought it from insurance industry operative Rob Porter in 1996 for $2.6 million.
It had sold at $2.55 million in 1991.
John Starr, who has downsized to a smaller property in the area, sold it to a company associated with the Teo family, who have plans to use the estate’s stables, yards and barn to raise broodmares on the farm.
Teo heads <a href="https://www.desertstarholdings.com" target="_blank">Desert Star</a>, the parent company of the China Horse Club whose horse, Zululand became the first group winner for The China Horse Club in Australia in its second year of racing in the region with the win in the G2 VRC Sires Produce Stakes (1400 metres) at Flemington Racecourse in Melbourne in March.
Teo Ah Khing has a design consultancy TAK Design Consultants which fulfilled the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, by designing and completing the iconic Meydan Racecourse for the 2010 Dubai World Cup. 
It has made its presence felt in the global equine affairs with another landmark project – Tianjin Equine Culture City (TECC) – in China. The CHC Clubhouse won the 5-star award in the International Property Awards for Asia Pacific Region in May last year.
Teo has also brought together the global leaders of horse racing in France and Ireland, as partners to re-introduce the sport of horseracing in China. 
Another significant Southern Highlands equine property Belle Cheval, previously known as Longview at Wildes Meadow, remains listed for sale. 
Dellarose Swanson-Baevski has a $4.5 million asking price on <a href="https://www.andrewhearn.com.au/listings/residential-129854-lifestyle/" target="_blank">the 30-hectare Wildes Meadow holding</a>. It's one of the best-equipped equestrian properties in the Highlands, with an eight-bay stable, heated feed room and a floodlit outdoor dressage arena. It was initially listed with $5 million hopes. It was bought in 2007 for $4.45 million by Dellarose Swanson-Baevski who has since secured the property fully from Michael Baevski, with its now-demolished 800 square metre house built by Ayesha Penman.
It was then known as Longview, the flagship development for the Penman's development company Vistatop, designed as the sister property for The Chase in Sutton Forest, by Ayesha Penman and husband Ian, who had established Compaq in Australia and New Zealand.
The five-bedroom house with a separate billiard pavilion is on a 30-hectare property had been bought from green thumb Don Burke in 2003.
Its being marketed by Andrew Hearn as "arguably the most panoramic uninterrupted views in the Southern Highlands extend from this incredible horse property in Wildes Meadow."
"The horse facilities are fabulous with irrigated and floodlit 70 metres x 30 metres dressage arena with soil-tex fabric and sand surface.
"There are 23 Day yards all post and rail with auto waterers, and divided by laneway system. 
"There is a eight bay stable complex with adjustable walls to suit the size and needs of the horse, a magnificent tack and wash house with ruba-roc surface throughout heated rug and tack rooms as well as another kitchen and laundry area for those colder highlands mornings," Andrew Hearn's marketing says.
There is also a fully equipped level jump area.
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Malaysian tycoon Teo Ah Khing - from China Horse Club - snaps up historic The Chase at Sutton Forest

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Thoroughbred horse enthusiasts, who missed out on buying their preferred pony at this week’s Inglis Easter Yearling Sale, could invest in a stud farm instead. 
This week our property contrarians, Jonathan Chancellor and Margie Blok, discuss recent sales and new property listings in the equine world.  
<ul>
<li>Tyreel Stud, a magnificent thoroughbred complex at Agnes Banks, traded for $5.85 million in February through Jamie Inglis of Inglis Rural Property. </li>
</ul>
In a premium position on the banks of the Hawkesbury/Nepean River and near Richmond at the foot of the Blue Mountains, the 41-hectare property has extensive equine facilities including 12 large paddocks, 20 day yards, 3 barns, 25 stables, wash bays, feed rooms, a veterinarian room, lunging area and horse walker workshop. 
Also on the estate are a stately circa 1880 main homestead with beautiful views to the Blue Mountains, a manager’s residence, staff cottages and workman’s residence. With an abundance of water including a 163 Mega litre water licence, the entire stud farm is fully irrigated and virtually drought proof.
<ul>
<li>Last month Cadman Lodge, at Mount Hunter near Narrellan on the outskirts of Sydney, sold for $3.05 million through McGrath Camden agents Luke Manion and Anna Younan. Situated one hour’s drive west of Sydney, the 41-hectare Spring Creek Road estate is close to Camden and Menangle. </li>
</ul>
Cadman Lodge’s  tree-lined driveway leading to an impressive main stable complex (with 19 stables), a horse arena, six day yards, a 600-metre horse training track and two substantial modern residences including a grand five-bedroom homestead set in established gardens with a 12-metre swimming pool.
Considering a yearling colt (by Street Cry out of Star on High) sold for $1.5 million at the Inglis sale on Wednesday, the price of Cadman Lodge seems small biscuits. 
<ul>
<li>Also close to Sydney is Boscobel Stud, the historic Southern Highlands thoroughbred farm listed for sale through Bowral agent, Ian Rayner. </li>
</ul>
Occupying 48.5 hectares on Exeter Road at Sutton Forest, Boscobel has significant horse infrastructure including nine horse boxes, a tack room, stallion shed, hayshed, silo and shelter sheds. 
A feature of the property is its grand two-storey circa 1870s homestead with six bedrooms, beautiful formal living rooms and magnificent original period features including 3.6 metre high ceilings, cedar joinery and a cedar staircase. 
Boscobel last traded for $5.5 million in 2007 when Steven Hallis bought it from Richard Turnley. During the 1960s, when Boscobel was owned by Keith Probert, the property stood a number of prominent sires including triple Derby winner Royal Sovereign. Among superior thoroughbreds raised at Boscobel was Tierce, winner of the 1991 Golden Slipper. 
<ul>
<li>
In Victoria, Yallambee Stud is listed for sale through Mark Webster and Jamie Inglis of Inglis Rural Property. One of Victoria’s oldest and most successful thoroughbred stud farms, it occupies 137.5 hectares on Mt Eliza Road at Kerrie.
</li>
</ul>
A first class breeding and spelling operation, Yallambee Stud is a highly competitive player in the Victorian breeding industry. It produces exceptional yearlings, and consistently rates in the top five vendors at the Melbourne Sales. Among the notable racehorses raised at Yallambee Stud are Testafiable, Vintedge, Vormista, Rostova and Rock Kingdom.
Featuring expansive grounds with beautiful deciduous trees, the property has 10 super-size stables, steel barns (with 28 boxes), six foaling boxes, a horse parade, sand yard, an eight-horse walker, numerous large paddocks, sheds, barns, feed rooms, a veterinary complex, a recently built homestead and two staff cottages.
Occupying ideal country for equine operations, Yallambee Stud has been designed to suit thoroughbred breeding, rearing youngsters and racehorse spelling. Apart from its extensive infrastructure, magnificent views, lush paddocks and beautiful deciduous trees planted by the Woodward family, this well established thoroughbred property appeals to me due to the convenience of its location, just 50 kilometres from Melbourne city centre and 30 minutes drive from Tullamarine Airport.
<ul>
<li>
There is also Northwood Farm, a stud surely for the making given it's in Victoria’s thoroughbred horse breeding heartland with the key appeal of a direct frontage to the Goulburn River at Northwood. The 55 hectare Northwood Farm at 60 Johnsons Lane has been listed for May 24 auction through agent Bart O'Sullivan at Pat Rice &amp; Hawkins with expectations around $2 million.
</li>
</ul>
Northwood Farm, which has been a cattle grazing property, has its immediate neighbour, Eliza Park Northwood one of the breeding properties of the Eliza Park group owned by Hong Kong based Sun International while just a short distance away is Darley Stud that has recently undergone a major development by the Al Maktoum family, the ruling family of Dubai.
A little further north on the same side of Northwood Road are to be found the further acclaimed thoroughbred studs and breeding farms including Yarran and the major Swettenham Stud.
Its impressive stone and timber homestead was designed by French architect Claudine Dublier with granite stone sourced locally from Oak Valley in the nearby Strathbogie Ranges for the vendors Tony and Cathy Blazey who selected the land when it was just vacant farm land in 2000. 
<ul>
<li>
Bhima Stud, at Scone in the Upper Hunter Valley, is for sale at $5.8 million <a href="https://www.maccalluminglis.com.au/properties.php?id=5800662" target="_blank">through Michael Burke of MacCallum Inglis</a>.  A prominent thoroughbred breeding farm, Bhima was developed into a renowned horse property after World War II by Vivian Bath. 
</li>
</ul>
On the town’s outskirts, and conveniently situated near Scone Race Club, Scone Vet surgery and Scone Air Strip, Bhima occupies 160.5 hectares of prime Upper Hunter horse country, ranging from extensive alluvial flats to moderate easterly facing basalt slopes - the perfect land mix for breeding and rearing thoroughbred horses. 
Bhima has a full complement of stud improvements including an 18-box stable barn (with central quadrangle and parading pathway), a 10-horse electric horse walker (undercover), a covered round yard (with adjacent yards), a six-box vet hospital (with underground heating and elevated night watch office), two vet areas, and two separate three-box stable barns formerly used as stallion boxes.
The property has excellent water with a 400 megalitre irrigation licence from two reliable wells, and frontage to the Kingdon Ponds and Middle Brook.
Its showpiece is an historic circa 1910 homestead with 4.8 metre high pressed metal ceilings, a grand entrance hallway, four bedrooms, gracious living and dining rooms and a separate guest quarters. Other improvements include weatherboard manager’s house, a three-bedroom Hardiplank home and transportable quarters for seasonal workers.
HE SAID:<img src="/images/2014/03/28/jc-silhouette-7.jpg" alt="" style="float: right;">
If I were a horse enthusiast, I’d snap up <a href="https://www.prh.com.au/property-details?listing_id=1333" target="_blank">Northwood Farm</a> (pictured below). Surely the neighbours will be good for more than a cup of sugar once you secure the offering and pop in on the neighbours.
<img src="/images/2014/04/11/PRH%20NORTHEWOOD%20FARM.jpg" alt="">
<img src="/images/2014/03/28/mb-silhouette-6.jpg" alt="" style="float: left;">SHE SAID: 
With a proven track record for breeding top quality bloodstock, it’s Bhima (pictured below) for me.
When it comes to thoroughbreds, I’m a traditionalist with a soft spot for the Upper Hunter which has developed into a mature and internationally acclaimed thoroughbred breeding region, since I first visited Bhima during the early 1970s when Vivian Bath stood the stallion, Biscay – sire of Bletchingly whose progeny include Kingston Town (named Australia’s champion racehorse in 1980), Emancipation and Canny Lad who sired the celebrated broodmare, Shantha’s Choice, dam of leading sires Redoute's Choice and Manhattan Rain.
Apart from its suitability for thoroughbreds, Bhima’s history appeals to me. It had been a dairy, tobacco farm and cattle property before the World War II, and during the war years it was used as an internment camp before Vivian Bath developed it as a horse property which has also been in wise hands of late, the White family.
<img src="/images/2014/04/11/scone_0002_3.jpg.jpg" alt="">
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Giddyup: Thoroughbred stud farm sales and listings in the equine world

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A Village Cinema building in Geelong and another in Albury have been listed for sale with expectations of $14 million each.
The 11 screen cinema offering at 194-204 Ryrie Street in Geelong is the refurbished art deco Geelong Theatre, operating as Village Cinemas. 
It is being marketed by CBRE’s Justin Clarkson and Jamus Campbell with the Albury Village Cinemas, a large scale cinema and retail complex at 450-460 Dean Street. The Albury building (pictured above) was originally constructed in 1926.
Clarkson noted the stable investment opportunity presented by both properties.
“With long term leases attached, these two assets provide an attractive opportunity to acquire secure income streams underpinned by profitable businesses in two established and growing regional cities,” said Clarkson.
“These iconic buildings also benefit from a central location in the heart of their respective retail and commercial centres.”
Clarkson expects that strong yields and rental growth will drive demand for the buildings. Currently the Albury property is returning $1,374,829 per annum in rental income, setting rental yield at 9%. The Geelong cinema brings in $1,214,981 each year, with a yield about 8.5%.
“Both leases have generous annual built-in rental growth provisions throughout their respective terms, providing an annual additional uplift in returns,” Clarkson said.
The properties are being offered for sale separately or together via an expressions of interest campaign until 8 May.
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