It’s been 15 long years since the former Balmain Leagues Club was open to the public. The large 7,330 sqm Victoria Road site had grown progressively more derelict since the doors to the former club shut back in 2010.

Earlier this year, the vertically integrated developer PERIFA, part of the Versatile Group of companies, stepped in and acquired the site, quickly getting to work on construction through its building business Versatile Construction.

PERIFA teamed up with financier Mitsubishi Estate Asia to create <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a new community heart of the charming inner west suburb. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

[smartcode_project:default project_id=8142 project_image_fid=338]

A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket, a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

[smartcode_project:default project_id=8142 project_image_fid=335]

Buyers weren’t prepared to wait any longer to purchase. When it was time to start selling the development, PERIFA and SRM Residential had buyers queuing out of the display suite door. They secured over 40 sales on launch, including several high-end three-bedroom apartments with sales reaching up to $6.9 million.

Demand has been driven largely by local owner-occupiers who have had <a href="https://www.apartments.com.au/developments/rozelle-nsw-2039">Rozelle</a><a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"> Village</a> on their radar for some time, many of them already living in apartments and looking to upgrade without giving up lifestyle, walkability, or views.

[smartcode_project:default project_id=8142 project_image_fid=325]

Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, said the community has had to put up with a derelict site on their doorstep for too long.

“The Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. We’re delighted to embark on a new era for the site, together with our partners Mitsubishi Estate Asia,"&nbsp;Perilli said.

"Our shared vision for <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

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The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

Residents will have private access to a rooftop pool, taking in the views, a rooftop yoga lawn, and podium level gardens.

[smartcode_project_cta:default project_id=8142]

Joel Robinson

From leagues club to lifestyle precint: Inside Rozelle Village 

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<a href="https://www.apartments.com.au/developments/hurstville-nsw-2220">Hurstville</a> has quietly become one of Sydney’s most resilient property markets. Supported by strong transport links, infrastructure investment and a growing multicultural community, the St George hub continues to outperform much of the metropolitan market for both capital and rental returns.

According to Positus Property Investment, Hurstville now ranks among Sydney’s top performers for yield consistency, underpinned by population growth of nearly five per cent since 2021 and persistently low vacancy rates.&nbsp;

Limited new supply is tightening the market further - new dwelling approvals have fallen from close to 600 to under 200 in FY25, a structural shortfall that’s placing upward pressure on rents and resale values.

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As one of the final residential stages in the Kempt Field precinct anchored by Woolworths, <a href="https://www.apartments.com.au/developers/the-one-collection">The One Collection</a>'s <a href="https://www.apartments.com.au/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon</a> represents a rare opportunity to buy into a location experiencing both infrastructure-led growth and constrained supply&nbsp;- now made even more compelling with a limited-time five per cent deposit and matching rebate incentive.

Positus notes that the suburb’s combination of “relative affordability, low vacancy, and rising population” is creating a recipe for continued rental growth and capital appreciation. Weekly rents are increasing faster than strata and outgoings, with two-bedroom apartments seeing the deepest tenant demand - supporting healthy yield margins even after costs.

[smartcode_project:default project_id=149850 project_image_fid=281]

Horizon prices begin from $668,000, with one, two, and three-bedroom apartments offering flexible entry points for investors.&nbsp;

The project’s location, a short walk to Hurstville Station, Westfield, and an upcoming dining laneway, St Clair Lane, underscores its liquidity and day-to-day convenience.&nbsp;

A 19-minute express train connects residents to the Sydney CBD, while arterial upgrades such as the M6 and WestConnex further enhance connectivity.

[smartcode_project:default project_id=149850 project_image_fid=275]

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, Horizon’s soft, organic façade mirrors the parkland of Kempt Field, while interiors prioritise light, durability, and smart functionality.&nbsp;

Each home features Smeg appliances, smart home automation, and generous balconies overlooking the bay and skyline.&nbsp;

Amenities include a gym, sauna, games room, meditation deck, and landscaped courtyards, with wellness and social spaces designed to foster community.

[smartcode_project:default project_id=149850 project_image_fid=279]

From an investment perspective, Horizon offers what Positus describes as a “value and income sweet spot.” At an average entry price around $745,000 and yields near five per cent, Hurstville units remain roughly $200,000 below comparable inner-west suburbs, allowing investors to capture metro proximity without inner-city risk exposure.

Horizon will deliver 179 one, two, and three-bedroom apartments above St Clair Lane.&nbsp;<a href="https://www.apartments.com.au/builders/masscon">Masscon</a> is on site moving its way up the building, which is scheduled for completion in late 2026, with move-in expected shortly after.

One Collection is currently offering a five per cent deposit incentive for a limited time.

[smartcode_project_cta:default project_id=149850]

Staff Writer

The One Collection opens new investment window at Horizon Hurstville with limited-time incentives

The Gold Coast has cemented its position as one of Australia's hottest construction markets, with crane numbers reaching a record 67 in Q3 2025, the highest count since tracking began.

The latest Rider Levett Bucknall (RLB) Crane Index shows the region at 447 points, also a record, with activity surging 110 per cent over the past three years as population growth and investor confidence drive unprecedented development activity.

Residential construction dominates the skyline almost entirely, accounting for 95.5 per cent of all cranes across the Gold Coast. Of the 67 cranes currently operating, 64 are dedicated to residential and mixed-use apartment projects. 21 new cranes were added in Q3 2025 alone, with major developments spanning Surfers Paradise, Main Beach, Broadbeach, Mermaid Beach and Southport reflecting sustained confidence across the coastal corridor.

[smartcode_project:default project_id=108747 project_image_fid=318625]

The construction boom aligns with exceptional apartment market performance. Gold Coast unit prices reached $950,000 in September 2025 according to the latest Ray White Now Monthly, delivering robust 8.6 per cent annual growth and 0.6 per cent monthly appreciation.

This significantly outperforms the national apartment market average of 6.9 per cent and positions the Gold Coast as Australia's most expensive apartment market, trending ahead of Sydney. This highlights the premium investors and owner-occupiers place on the region's lifestyle amenity.

The scale of residential development reflects both build-to-sell apartment projects targeting owner-occupiers and investors, alongside emerging build-to-rent developments as institutional capital increasingly targets the Gold Coast. Population growth continues driving demand, with the region attracting interstate migrants seeking lifestyle amenity and professionals relocating from southern capitals to embrace coastal living while maintaining career opportunities.

[smartcode_project:default project_id=112941 project_image_fid=216014]

Project activity spans multiple price points and buyer demographics. Premium waterfront developments in Main Beach and Broadbeach command the highest values and attract downsizers alongside investors, while projects in Varsity Lakes and growth suburbs target first home buyers seeking more affordable entry points into the Gold Coast market. The concentration of cranes along established precincts with beach access reflects where buyer demand remains strongest.

Notably absent from the Gold Coast's construction pipeline is commercial office development, with zero commercial cranes currently operating. The only non-residential activity comprises aged care and education. This underscores the Gold Coast's evolution as a residential growth market rather than a CBD destination, with the regional economy built around tourism, construction, lifestyle services and residential property rather than traditional office demand.

The sustained construction pipeline through Q3 2025 suggests apartment completions will remain elevated through 2026, providing necessary supply for the growing population. With development activity at record levels and strong price growth supporting feasibility, the Gold Coast apartment market continues delivering solid returns for developers and investors navigating Australia's shifting property landscape.

Gold Coast construction hits record high as apartment market delivers strong returns

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> is has officially launched its next residential project, the $240 million Symphony in South Brisbane. It marks&nbsp;the group’s entry into the Brisbane market as it expands the Flourish brand to deliver design-forward, fairly priced homes in an undersupplied market.&nbsp;

With 25 out of 138 apartments priced under $1 million, <a href="https://www.apartments.com.au/new-apartments/symphony-south-brisbane-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a> is expected to attract first home buyers, with Sherpa reserving all one-bedroom and two-bedroom, one-bathroom apartments under $1 million for owner-occupiers and first-home buyers.&nbsp;

Sherpa CEO Christie Leet, said the project is a strategic move to deliver attainable housing in connected, culturally vibrant neighbourhoods, with locals prioritised.&nbsp;

“Our aim with Flourish has always been to help the community,” said Leet.

“That’s why we have chosen to release Symphony to locals first, reserving a portion of apartments for owner-occupiers and first-home buyers to give them a genuine chance to get their foot in the door.”

[smartcode_project:default project_id=7574 project_image_fid=3770]

Located at 21-23 Cordelia Street, <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a>, Symphony will feature a collection of 138 high-quality apartments, offering spacious one, two and three-bedroom layouts, with prices starting from $655,000.

“It’s no secret that affordability remains a huge issue in today’s market, and many people are simply being priced out,” Leet added.

“We at Sherpa see it as our responsibility to bring well-designed, fairly priced homes to market – that’s what we stand for.”

[smartcode_project:default project_id=7574 project_image_fid=353548]

Residents will have access to a resident rooftop with offers over 1,400 sqm of premium resort-style amenities across two levels. These include a wellness centre with a steam room, sauna, hot and cold plunge pools, a heated pool, as well as pool deck cabanas, private outdoor barbecues, a private dining room, a fully equipped gym, and a yoga room, all with views of the Brisbane skyline and Mt Coot-tha.

Sherpa has also hired a full-time concierge service to assist buyers with the off the plan process, from construction updates, hard hat tours, to showing and helping residents use their appliances once they have moved in.&nbsp;

[smartcode_project:default project_id=7574 project_image_fid=5155]

“Every amenity at Flourish has been designed to help foster a sense of community,” said Danial Clarke, Development and Financial Manager of Sherpa Group.&nbsp;

“The rooftop will be a sanctuary from the city, a place where residents can connect, relax, and ultimately flourish.”

Positioned at the junction of South Bank, West End, and Fish Lane, Symphony offers exceptional walkability to QPAC, galleries, riverside parklands, the CBD, major universities, hospitals, and transport hubs.

Sherpa has already appointed LPS Group to build Symphony. The duo are working together on Sherpa's Palm Beach portfolio.

[smartcode_project_cta:default project_id=7574]

Sherpa officially launches Symphony South Brisbane

Mornington

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A trophy home in Mornington, Victoria has hit the market for the first time in over 40 years. 
It has been listed for sale with $3 million to $3.3 million hopes. 
The three bedroom, two bathroom house is situated on two titles at <a href="https://www.realestate.com.au/property-house-vic-mornington-133041834" target="_blank">4-6 Morell Street</a>. 
The home comes with kitchen with granite benchtops, dining and living areas, master suite and two additional bedrooms. 
Other highlights including undercover outdoor entertaining areas, storage rooms, double garage, lawns and green gardens. 
The well maintained home lies within a 100m walk to the beach and main street. 
Leanne William and Vicki Sayers of RT Edgar Mount Eliza have the listing.
A virtual 3D home tour is available. 
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Mornington trophy home offered for the first time in over 40 years

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A private investment group has listed one of the first premium grade healthcare offerings in Mornington in two years.  
Recently refurbished, the property sits within the centre of the Mornington healthcare hub. 
CBRE agents Josh Twelftree, Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto have been exclusively appointed to negotiate the sale, following a generous track record of success along Melbourne’s coast. 
Mr Twelftree noted, “The property’s Beleura Hill medical precinct location is a relatively tightly held pocket in the area.” 
“Less than 1km from Beleura Private Hospital, Bays Hospital and Mornington Centre – Peninsula Health, it’s a real medical hotspot – benefiting from strong cross flow demand in the region.”  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/20/1050_Nepean_LifeStyle036.jpg" alt="">
The 635 sqm landholding features a medium-term lease to beauty clinician Jo Hannah of Hannah Aesthetics, former CEO of ASX listed Total Face Group, offering a passing income of $90,000 per annum. 
1050 Nepean Highway will be sold via public auction on July 13.
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Rare refurbished medical property offered in Mornington

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A fully leased childcare centre at Mornington has sold for $1,365,000 on a 4.2 percent yield.
It sold for $165,000 above reserve at its recent auction through Teska Carson agents George Takis and Fergus Evans.
The property attracted a high level of interest from local, interstate and off-shore interests with three bidders driving the auction, according to Takis and Evans.
"The property ticked all the boxes for astute investors in a red hot market for childcare centres nationally and so the result was not a huge surprise," Takis said
"Childcare is one of Australia’s strongest growth industries and, with forecasts that it will continue apace, property sales will continue to record strong results."
Takis said the entry-level investment, offered a secure lease profile in a government backed industry in an excellent location and with the potential for future development.
The property at <a href="https://www.realcommercial.com.au/property-retail-vic-mornington-502594294" target="_blank">18-20 Fleet Street</a> comprises a 400 sqm building on a 1200 sqm site. 
It was sold subject to a five year lease at a current net annual rental of $58,000 with four percent annual increases.
 
 
 
 
 
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jrobinson-rf4aSBido9

Mornington childcare centre sells on 4.2 percent yield

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A fully leased childcare centre in Mornington has been listed for auction on November 17.
The <a href="https://www.realcommercial.com.au/property-retail-vic-mornington-502594294" target="_blank">18-20 Fleet Street</a> property comprises a 400 sqm building on a 1,200 sqm  site and is close to the town centre. 
The property will be sold subject to a five-year lease at a current net annual rental of $58,000 with 4 per cent annual increases.
It is being marketed by Teska Carson’s Fergus Evans and George Takis.
“The centre has been built in a perfect location for working parents looking for an easily accessible childcare centre and one which offers the best facilities for their children,’’ Evans said. 
He added that said the “entry level’’ investment offered a secure lease profile in a government-backed industry in an excellent location and with the potential for future development.
Takis said Mornington had recently emerged as one of the most sought after bayside investment locations in Melbourne.
“Childcare is one of Australia’s strongest growth industries and that fact will not be lost on the growing local investment community,” Takis said. 
Earlier this month, a securely leased retail property at 185 Main Street in Mornington sold at auction for $2.2 million on a yield of 3.86 per cent.
Several weeks earlier a retail property at 157 Main Street sold at auction for $2.9 million on a 3.52 per cent yield.
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jonathanchancellor-7SQnKwU6yx

Childcare centre in Mornington to go under the hammer

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A coastal-front Mornington house with a Japanese fusion architecture flavour has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-mornington-125203114" target="_blank">51 Morell Street</a>, Hinansho has views of not only Mornington Harbour, but also of the bay.
Featuring sauna, tiled swimming pool and spa with gas heating the property has a vast upper living area that opens up to a BBQ deluxe deck with views.
The second lower lounge opens up to the poolside alfresco patio.
Kitchen features a butlers’ pantry with additional burners sink and dumbwaiter along with gold-flecked Brazilian bench tops, teppanyaki hot plate, induction wok, dual ovens and Miele dishwasher.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/19/51%20Morell%20Street-2.jpg" alt="">
Master bedroom features shoji sliding screen, deck access and fitted walk-in robe.
The two deluxe bathrooms come with freestanding Kohler spa baths.
Other features includes six car garages, wine cellar with tasting room, Zen fishpond, bridge and underground water tank.
The property is offered through McEwing and Partners agents Campbell Noonan and Dean Phillips.
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Coastal Japanese-fusion Mornington house, Hinansho, listed for sale

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Bidding only got to $150,000 when Ross and Jan Machar offered their rare double-storey boat shed on Mornington’s Shire Hall Beach under the hammer on Saturday.
There were hints it had the potential for double that.
A big crowd turned up - and estate agents in suits too.
It’s bigger and brighter than most of the others along Melbourne’s other beach boxes.
The couple will even be throwing in the <a href="https://www.realestate.com.au/property-unit-vic-mornington-124350086" target="_blank">shed’s contents</a> with the sale, including a rowboat, paddle board and windsurfer which are stored in the property’s lowest level, plus wetsuits, life jackets, beach toys, deck chairs and the artworks that adorn the walls.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/30/DSCN9026.jpg" alt="">
The Machars purchased the 25sq m shed 15 years ago for about $50,000.
Painted it in a vivid colour scheme that reflects a coral reef, the bathing box has been enjoyed by their four children and eight grandkids.
It has views of the Mornington Pier marina, Port Phillip Bay and the city skyline.
LJ Hooker Frankston listing agent George Konstandakos said the shed, No. 37, was difficult to price.
“The council valuation says it’s worth more than $160,000, but anything can happen on auction day.
“It could go well over $300,000,” he told the Herald Sun pre-auction.
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jchancellor-FAypfDUnLy

Mornington bathing box listed for sale after $150,000 top weekend bid

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A custom-built five bedroom white trophy in Mornington is looking to fetch $7 million plus.
Set on 1190 sqm in Mornington's most elite neighbourhood, the three level home offers water views from almost every room.
Although there are entertaining areas on each level and floor-to-ceiling windows and sliding doors to patios and balconies, the top floor is the hub of the home with high curved ceilings, gourmet kitchen and balconies. 
The adjoining lounge and dining areas have a wet-bar and open to a large balcony overlooking Schnapper Point and the Mornington harbour.
The master suite shares the upper level, while a further four bedrooms on the lower and mid-levels, two more deluxe bathrooms and a powder room provide luxury accommodation for family or guests.
An office/library, games room, lagoon style pool, 1500-bottle sub-level wine cellar, hobby room, spa-bath, four-car garage are also included in this 3332sqm generous cliff top allotment at 21 Kalimna Drive, Mornington.
Dean Phillips and Amy Day of McEwing Partners have the listing of <a href="https://www.realestate.com.au/property-house-vic-mornington-122100666" target="_blank">21 Kalimna Drive</a> which is 57 kilometres from the Melbourne CBD. 
When is a pre-purchase building inspection a must?  What do they entail?  How does one interpret the results?  What defects can be fixed and which ones should prompt you to walk away. Jarrod McCabe, associate director, Wakelin Property Advisory and Peter Alexander, building inspector, Safehome Building Inspections present a webinar for Victorian home buyers on April 20. <a href="https://wakelin.com.au/inspection" target="_blank">Click here to register</a>.
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Five bedroom Mornington trophy listed

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A beach box professionally painted with the Australian flag is back on the market in Mornington, Victoria.
The beach box retains hopes of a <a href="https://www.mcewingpartners.com/index.cfm?pagecall=property&amp;propertyid=2941071" target="_blank">$100,000 buyer</a>.
The beach box was up for sale in January this year. It is now on the market through Campbell Noonan of McEwing Partners.
The bathing box sits on Shire Hall Beach, just steps from the car park and walking distance to Main Street.
Beach and bathing boxes are icons of the Victorian beachscape and occupy an important role in bayside beach life.
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Mornington

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