Nature Based Cities (NBC), the not-for-profit organisation focused on improving biodiversity and nature outcomes in urban development, has launched its latest industry design guidelines and accreditation framework, this time targeting precinct-scale residential communities.

The move extends NBC’s influence beyond its initial focus on medium and high-density residential developments. Several projects have already achieved NBC accreditation since the launch of its Medium &amp; High-Density Residential Guidelines in early 2025.

The expansion into masterplanned communities and new residential precincts reflects the growing need for stronger nature-positive benchmarks as Australia’s outer suburban growth corridors continue to expand at pace.

Paul Hameister OAM, NBC Founder and the Executive Chairman of Melbourne developer Hamton who itself leans heavily into nature and biodiversity in its developments, says the&nbsp;nature-first approach to mitigate the effects of climate change has become standard in other parts of the world such as the UK, but Australia is lagging.&nbsp;Australia’s environmentally sustainable design (ESD) rating tools have no minimum mandatory requirements for living landscapes.

“We’ve always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren’t there,” Hameister says. “In Australia, you can have a five-green-star rated building that’s concrete and glass with not a blade of grass. 
 
“The focus is on reducing emissions, which is laudable, but there hasn’t been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities.”

He says that having now&nbsp;made good progress in supporting developers of medium and high-density residential projects, NBC is now looking to bolster better nature-based decision-making and recognise developers of greenfield projects in the outer ring and large inner-ring brownfield precincts, who want to champion nature and living landscape as a defining feature.

Since 2022, the not-for-profit has sought to remove the roadblocks preventing developers from incorporating nature and living landscapes into their projects, shifting the conversation from the reduction of emissions and grey infrastructure, toward recognising nature as an essential infrastructure.

The New Communities Design Guidelines and Scorecard arm developers with the tools needed to deliver a nature positive outcome for their new communities. Intended to be adopted at the outset of the planning process, the guidelines are designed to help create communities that are cooler, healthier and more resilient while also enhancing social wellbeing and long-term economic value.&nbsp;

New Communities developers seeking accreditation will be independently assessed across a range of key criteria including ecology, tree canopy, biodiversity, and walkability. Once the masterplan is complete and submitted for approval, the scorecard is formalised based on proposed outcomes. Projects that meet the NBC criteria will receive either Commended or Exemplary accreditation outcomes, creating a clear benchmark for nature-positive new communities in Australia.&nbsp;

Janis Fischer, Director at Tract and NBC Advisory Council member, said the development of new communities in our suburbs can have a substantial impact on nature and biodiversity.

"By incorporating nature-based design principles at the inception of a project, developers and their design teams can achieve nature positive outcomes that are good for both people and the planet.’’&nbsp;

NBC accredited New Community projects will gain access to NBC branding and marketing tools to help communicate their nature-based credentials to purchasers and the broader market.&nbsp;

Joel Robinson

Nature Based Cities: A new Australian benchmark for developing nature-positive new communities

Apartment buildings are increasingly being designed around how people actually live day to day, not just how they want a building to look.

For buyers, that shift is showing up in practical inclusions that respond to changing habits. Work-from-home spaces, EV charging, wellness amenities, secure bike storage and parcel management are becoming part of the broader apartment conversation, reflecting a move toward buildings that reduce friction in everyday life.

Online shopping has become one of the clearest examples of that change.

Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online. That has made parcel delivery a regular part of apartment living, rather than an occasional inconvenience.

For apartment residents, however, the delivery process can be less straightforward than it is for detached homes. Parcels may be left in lobbies, redirected to Post Offices, missed entirely, or placed under the responsibility of building managers and concierge teams.

That is why secure parcel infrastructure is increasingly being considered alongside more familiar apartment amenities.

<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/-VjjLwoViX0?si=A3k7ws9NX35Uac7_" title="YouTube video player" width="560"></iframe>

Australia Post Parcel Lockers offer one way to address the issue. When a parcel arrives, residents receive a notification through the AusPost app or SMS, then collect it using a QR code or one-time PIN. The parcel is kept secure, accessible and removed from common areas.

The broader Parcel Locker network now includes more than 1,500 locations across Australia, positioned at Post Offices, shopping centres, supermarkets, transport hubs and other accessible locations.

For new apartment projects, the relevance is clear. A building’s amenity offering is no longer only about lifestyle spaces, but also about convenience, security and functionality.

As buyer expectations evolve, secure parcel delivery is becoming part of the same design conversation as flexible working, sustainable transport and resident wellbeing.

It is one less thing for residents to worry about, and another example of apartment design adapting to the way Australians now live.

Apartment design is adapting to the way Australians shop

While school holidays and trips to Europe tend to define the winter property market, there's been no cold snap at <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> in North Sydney.

Developer-builder&nbsp;<a href="https://www.apartments.com.au/developers/aland">ALAND</a> sold more than $35 million worth of apartments throughout June, including a $6.8 million apartment that now ranks among the highest apartment sales ever recorded in North Sydney.

SRM Residential agent Ben Stewart said buyer demand throughout June reflected a mix of improving market confidence and longer-term thinking from owner-occupiers.

"We're seeing strong demand from owner-occupiers who are taking a longer-term view," Stewart said.

"Many recognise the opportunity to secure an apartment in an iconic building and premium location while values remain attractive. They may initially lease the property, but the intention is to eventually move in themselves, rather than purchasing purely as an investment."

[smartcode_project:default project_id=134323 project_image_fid=367129]

Located at 177 Walker Street, The Walden will deliver 161 one, two, three and four-bedroom residences across a 30-storey tower designed by Rothelowman. Every apartment occupies a corner position, maximising natural light, cross ventilation and views across Sydney Harbour, the Opera House, Sydney Heads and the northern districts.

Rather than a traditional balcony, the residences feature winter gardens that seamlessly extend the open plan living areas, creating versatile spaces for relaxing or entertaining throughout the year. Floor-to-ceiling glazing draws in natural light while showcasing sweeping views from the building's elevated Walker Street position.

Every apartment features high-end Calacatta marble, bespoke joinery, and fully integrated appliances.

The larger residences have been planned with distinct entertaining and private zones, with many master suites positioned on corners to capture natural light and harbour views. Walk-in dressing rooms, freestanding baths and refined stone finishes reinforce the house-like feel that has resonated with downsizers and owner-occupiers.

[smartcode_project:default project_id=134323 project_image_fid=6393]

Rothelowman Principal Ben Pomroy said the project was designed to make the most of its unique position overlooking the harbour.

"The Walden is a celebration of all things beautiful, curated for those who expect nothing less than exceptional," Pomroy says.

"Meticulously designed entertaining spaces and light-filled living areas that capitalise on capturing the natural beauty of Sydney's iconic harbour."

Residents will also have exclusive access to The Pavilion, a dedicated amenity building featuring a rooftop pool, wellness studio, gymnasium, sauna, concierge service, residents' lounge, private dining spaces and work-from-home facilities.

[smartcode_project:default project_id=134323 project_image_fid=6402]

The project marks ALAND's first major luxury apartment development in Sydney's inner-city market after more than two decades delivering residential communities across Greater Sydney.

Founder and CEO Andrew Hrsto previously said the rarity of the Walker Street site made it an opportunity the company could not overlook.

"This is a rare opportunity to bring a truly exceptional project to life in one of Sydney's most iconic locations, and to showcase our craftsmanship and design expertise at a world-class level," Hrsto said.

[smartcode_project:default project_id=134323 project_image_fid=6383]

The Walden has been introduced to the market at a time when demand for living in North Sydney is at an all-time high. Billions of dollars have been invested in infrastructure, including the recently opened Victoria Cross Metro station, located just 300 metres from The Walden, providing residents with direct access to the Sydney CBD in just minutes.

Private investment has also transformed the area through the arrival of new retail and dining destinations, elevating the lifestyle offering in what was once considered primarily a commercial precinct rather than an aspirational residential address.

The Walden is currently under construction and is scheduled for completion in 2028.

[smartcode_project_cta:default project_id=134323]

ALAND records $35 million in sales in North Sydney as The Walden bucks quiet winter selling season

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

&nbsp;

Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

First look: ‘Far more than replacing a shopping centre’ as Conquest unveils 736-home Eastlakes redevelopment

Abadeen has lodged a State Significant Development Application (SSDA) for one of Mosman's largest apartment developments in recent years, seeking approval to transform the former Honeysuckle Garden and Midas site on Military Road into a 100-apartment mixed-use development.

The SSDA, lodged with investment partner Phoenix Property Investors, proposes around $230 million worth of new housing on the prominent <a href="https://www.apartments.com.au/new-apartments/494-516-military-road-mosman-nsw-2088">494-516 Military Road</a> site.

The proposal comes as Mosman Council continues to progress its recently endorsed Masterplan, which identifies the precinct for increased housing density while maintaining the suburb's established character.

Designed by DKO Architecture, the development would comprise 100 apartments above ground-floor retail, with a rooftop wellness precinct including a gym, sauna, entertaining areas and landscaped communal spaces.

Rather than pushing to the full 12-storey height identified in Council's Masterplan, the proposal ranges between five and nine storeys, stepping down towards Hale Road. A tenth level would accommodate resident amenities rather than additional apartments.

The project has been designed to appeal to a broad range of buyers, from first home buyers and young professionals through to families and local downsizers looking to remain on the Lower North Shore.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="5dada03f-5b4c-43ba-ba62-2868add31440" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.57.55%E2%80%AFAM.png?VersionId=7LBy0B.Jo8_iWAFJsClcV7Q3UnXrv49r" />

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock.

"The apartments have been designed as genuine long-term homes, with efficient floorplans that maximise usable living areas, generous storage, natural light and strong connections between indoor and outdoor spaces," Brown says."

"We've focused on creating homes for a broad range of buyers, from first home buyers and growing families through to downsizers who want to remain in Mosman."

The rooftop wellness offering forms a key part of the proposal, with residents set to have access to a gym, sauna, outdoor entertaining spaces, communal dining areas, landscaped gardens and a multi-use recreation court overlooking Sydney Harbour.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="d37c2d6b-583a-4a0f-b7a9-9f46b893d2f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.58.06%E2%80%AFAM.png?VersionId=FPoa5FCm2RtzjhAh2w5FTWJbV6GHfY8D" />

DKO drew heavily on the site's natural and cultural history, undertaking a Connecting with Country process with local Aboriginal Elders to inform the architectural and landscape design.

Senior Associate Matthew Ritchard said the design sought to create a building that responded to both the site's landscape and its cultural significance.

"The architectural language of the project is a deep expression of Connecting with Country, where the materiality and colour palette serve as a bridge between the site's geological history and its future as a residential sanctuary."

The proposal also retains the site's established blue gum tree as the centrepiece of the communal landscaped gardens, while introducing activated retail fronting Military Road to strengthen the connection between Mosman and Cremorne villages.

If approved, the project would deliver 100 new homes within walking distance of shops, public transport, schools and local amenities, adding to the limited pipeline of new apartments on the Lower North Shore.

<h2>Project Snapshot</h2>

Project: Honeysuckle Garden Redevelopment

Address: 494-516 Military Road, Mosman

Developer: Abadeen and Phoenix Property Investors

Architect: DKO Architecture

Lead Architect: Matthew Ritchard

Value: $230 million

Residences: 100 apartments

Key features:

<ul>
	<li>
	Ground-floor retail
	</li>
	<li>
	Rooftop wellness precinct
	</li>
	<li>
	Gym and sauna
	</li>
	<li>
	Outdoor entertaining and BBQ areas
	</li>
	<li>
	Landscaped communal gardens
	</li>
	<li>
	Multi-use recreation court
	</li>
	<li>
	Retained mature blue gum tree
	</li>
	<li>
	Connecting with Country design process
	</li>
	<li>
	Harbour, CBD and Balmoral views from upper-level apartments
	</li>
</ul>

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock

First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman

Mornington Peninsula

<html><body>
It's being marketed as one of Portsea's finest by Peninsula Sotheby's agents Rob Curtain and Patrick Sinn.
The five bedroom home sits in the coveted golf course location off Relph Avenue and overlooks the fairways of Portsea Golf Club.
The <a href="https://www.realestate.com.au/property-house-vic-portsea-126829338" target="_blank">signature Stephen Akehurst designed home </a>was recently constructed by Alan Pitman.
There is a $7 million asking price for 4-6 Brook Crescent.
It comes with gable-roof designed so the two upper level bedrooms have golf course and water views.
<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/2017/12/18/AKEHURST2.jpg" alt="">
A grand, light-filled entrance introduces the elegant ground level, complete with signature Akehurst interior detail.
Two master suites and a separate study feature on the expansive ground floor level.
A stone-paved, north-facing alfresco space with views over the landscaped gardens leads from the open plan kitchen, dining and living spaces.
A swimming pool and spa sit in the established gardens.
The 2,175 sq m land cost $1,675,000 in 2013. signature home. grand light-filled entrance introduces the elegant spaces with signature Akehurst interior detail.
There is a stone-paved, north-facing alfresco space overlooking the landscaped grounds. a swimming pool and spa sit in the established gardens.
The polished-floor basement level comes with three car garaging, a rumpus room and a cellar. 
 
 
 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Another Mornington Peninsula home designed by Stephen Akehurst for sale

<html><body>
Meroo, the 18 month old, blue-shuttered, two storey, five bedroom Hamptons style home at Flinders has been listed for sale.
It is being marketed by Rob Curtain and Danielle Vains at Sotheby's Mornington Peninsula.
It has been billed as "Akehurst brilliance in Flinders heartland".
<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/2017/12/18/MEROO2.jpg" alt="">
It comes with an elevator that connects the garden living zone to the upper level balconied space with ocean views.
The<a href="https://www.realestate.com.au/property-house-vic-flinders-126959074" target="_blank"> Bass Street home</a> has been listed with $7 million to $7.5 million price guidance.  
</body></html>

Stephen Akehurst designed Meroo for sale in Flinders

<html><body>
The classically-inspired country estate designs of Stephen Akehurst are synonymous with the top end weekenders at Melbourne's pricey playground, the Mornington Pensinsula.
His own home at Flinders remains for sale through estate agent Chantal Hooper having come with an initial $12 million price guide.
The home, <a href="http://chantalhooper.com/?portfolio=flinders" target="_blank">Lower Lower Steading</a> is an imposing, but charming manor located on 7,500 sqm of manicured grounds, located 60 miles south of Melbourne in the coastal town of Flinders.
It is secluded behind trees on three sides with the fourth commanding an amphitheatre-like panorama over fields towards the ocean.
No surprise the five bedroom, five bathroom white weatherboard has strong elements of the American clapboard style popular in The Hamptons.
<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/2017/12/18/akehurst9.jpg" alt="">
Accessed by a private curved driveway between Main Ridge and Flinders, his escape was designed in accordance with classical principles under its gray bell-cast shingled roof.
“In designing Lower Lower Steading, I took into full account the stunning vistas the house commands over coast and country.
"Others may do this by incorporating walls of glass however that would not suit the classic lines of this house.
"I instead chose to maximise the views in two other ways: one by the provision of a wide and long terrace, covered at either end for year-round use; the other was to place a long range of windows upstairs and downstairs large enough to act as frames to the view."
There's perfect symmetry from its tall shuttered windows to its lateral dormer wings. Paired pencil pines aplenty too in the garden.
The front door under its pillared porch opens into a lofty galleried staircase hall.
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<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/2017/12/18/car.jpg" alt="">
Every room on the ground floor has French doors opening onto a broad terrace that runs the length of the house overlooking the main garden and pool.
The terrace has a covered loggia at either end - one with a stone-built barbecue and pizza oven with outdoor summer dining area. The other is designed for outdoor sitting, with a stone-built fireplace for cooler weather.
There's an elegant library, a formal sitting room with open fireplace, chefs kitchen, home office with fireplace and an attic ceiling designed to be fitted as a cinema or gym.
A detached pavilion has been designed as self-contained guest accommodation.
Akehurst, who is selling because he would like to build a new one nearby, adopts three golden rules with his homes.
He says clients look for what excites them but they also want harmony.
The most important thing in design was to get the scale and proportion right.
"If they're wrong, you can never fix it," he advises.
The second is the right balance of light.
"A common mistake is when people think, 'we've got this wonderful view, we should just have complete glass'. And I say, 'you may want to look at the view, you don't necessarily want to be part of it'.
"The third thing is the orientation of the rooms; the living room should get the light or the bedrooms should be cooler.
"The house should have a unifying theme, but different rooms should have different moods."
The stately home's rich, textured and inviting interiors are the creation of Adrian Cannata of Akehurst Cannata Interiors.
Stephen Akehurst, who collects Mercedes Benz's, purchased the plot of land two decades ago. Construction of the 9,149-square-foot house began in 2005 and was completed in 2007.
This first appeared in The Weekend Australian.
</div>
</div>
</div>
</body></html>

Stephen Akehurst awaits buyer for his own Mornington Peninsula home

<html><body>
An as new home on the Mornington Peninsula has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-vic-blairgowrie-127044246" target="_blank">Blairgowrie home</a> has been listed by JWH Electrical owners and managers Jeremy and Brooke Hallett.
Architecturally designed with local rammed earth to draw on the natural environment, the home has four bedrooms, two bathrooms and a media room.
<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/2017/12/13/Blair1.jpg" alt="">
The open plan kitchen and living space opens to decking.
A heated plunge pool sits around the side of the house at the Ridley Street address.
Liz Jensen of Kay &amp; Burton Portsea is asking for offers between $1.9 million to $2.09 million.
The 770 sqm parcel last traded vacant for $425,000 in 2015.
 
 
 
 
</body></html>

Luxury Blairgowrie, Mornington Peninsula home for sale

<html><body>
Two Mornington Penninsula spaces have been leased within the retail food industry.
While 887 Point Nepean Road, Rosebud was leased for $29,000.00 per annum on a three-year lease term with three further options of three years. This equates to a building rate of $95.08 for the 305 sqm building. 
The 240 sqm retail premises at 889 &amp; 889a Point Nepean Road was leased for a total of $60,000.00 per annum on a lease term of three years with three further terms of five (5) years, equating to a building rate of $250 sqm. 
The leasing agents were Anthony Carbone and Seamus Bolst of CVA.
The sites are located with huge exposure to the traffic along Point Nepean Road and across from the Rosebud Pier and foreshore. 
</body></html>

jonathanchancellor-7SQnKwU6yx

Mornington Peninsula sites leased to food industry operators

<html><body>
A retail property in Mornington Peninsula has sold for $2.9 million under the hammer, at a record low yield of 3.52% for the area, indicating the strength of the commercial property market there.
The sale of the properties at <a href="https://www.realcommercial.com.au/property-retail-vic-mornington-502513098" target="_blank">157 Main Street and 1 Barrett Lane</a>, which has two shops and an apartment over one title, reflected a land rate of $10,357 per sqm.
The property encompasses a land area of 280 sqm.
Both properties are leased to cafes, with Biscottini Café occupying 157 Main Street on a three-year deal while 1 Barrett Lane is leased to Onde Café on a three-year lease with another option for three years.
The selling agents were Chris Kombi and Mark Talbot of Fitzroys.
Kombi said commercial transaction across the Mornington Peninsula have returned strong results over the past 18 months particularly, as local and offshore investors alike have increasingly looked beyond the heated inner and middle metropolitan areas for investment opportunities. 
“The tightening yields across the region reflect the growing consistent demand for retail, hospitality and social infrastructure services from the local population, underpinning the viability of traders in the future,” added Talbot. 
Earlier this year, Fitzroys sold a Rosebud retail property to a Chinese buyer for $2.045 million at auction, reflecting a record price for a single-fronted shop in the Peninsula location, and at a 4% yield. 
Fitzroys also recently sold the Kingswim swim school centre at 2 St Catherines Court in Mornington for $5.4 million, with a secure 15+10+10-year lease to major not-for-profit organisation YMCA from October 2011. 
The demand in the region is spreading throughout the retail market, with a local investor acquiring the Baxter-Tooradin shopping centre for $16.6 million in May, shortly after the sale of the Hastings Shopping Centre for $32.1 million. 
</body></html>

Retail assets in Mornington Peninsula sell for $2.9 million on record low yield

<html><body>
Melbourne’s Mornington Peninsula scored the highest weekend auction clearance rate, according to CoreLogic’s latest report.
The property data firm calculated that out of the 39 auctions in the area 87.2 percent were successfully cleared.
<a href="https://www.propertyobserver.com.au/images/2017/07/31/Screen%20Shot%202017-07-31%20at%2012.02.29%20pm.jpg" target="_blank">Click to enlarge</a>
<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/2017/07/31/Screen%20Shot%202017-07-31%20at%2012.02.29%20pm.jpg" alt="">
This is followed by the North West region with 81.3% and the Outer East and South East with 80.9% for both.
The Inner East region had the lowest clearance rate with only 68.8% of its 77 auctions cleared.
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-frankston+south-125853198" target="_blank">90 Yuille Street</a>, Frankston South (above) was sold over the weekend for $945,000.
Another four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-seaford-125881510" target="_blank">15 Milroy Crescent</a>, Seaford (below) was sold for $850,000.
<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/2017/07/31/15%20Milroy%20Crescent.jpg" alt="">
</body></html>

Melbourne's Mornington Peninsula scores 87 percent clearance rate

<html><body>
The Mornington Peninsula had the highest auction clearance rate in Melbourne, according to CoreLogic’s latest report.
The property data firm says that out of the 54 auctions that were known to them, 87 percent resulted in a successful outcome.
This is followed by the North West with 86.1 percent and the Inner East with 85.3 percent.
<a href="https://www.propertyobserver.com.au/images/2017/04/10/Screen%20Shot%202017-04-10%20at%2010.45.26%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/04/10/Screen%20Shot%202017-04-10%20at%2010.45.26%20am.jpg" alt="">
The Inner region had the lowest auction clearance rate with only 76.1 percent of its 255 auctions cleared.
A five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-mornington-124910194">12-14 John Rowell Lane</a>, Mornington (above) was sold for $2.945 million.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-tootgarook-124858538">26 Kareela Drive</a>, Tootgarook (below) was sold for $640,000.
<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/2017/04/10/26%20Kareela%20Drive.jpg" alt="">
</body></html>

Mornington Peninsula scores highest weekend auction clearance rate in Melbourne: CoreLogic

<html><body>
It looks as if entrepreneurs Daniel and Danielle Besen have found a buyer for another one of their sculptural masterpieces.
Their Mornington Peninsula estate Miramar is under offer, <a href="https://www.realestate.com.au/property-house-vic-flinders-123836018" target="_blank">according to its realestate.com.au listing</a>.
The award winning home was expected to fetch $20 million when listed late last year, just a few weeks after the Besen's listed their opulent Toorak new build.
Architects Wood Marsh said the internal spaces “follow the lead of the exterior, with a sinuous walkway forming the backbone of each of the two boomerang-shaped volumes”.
The award winning home features a sunken living pod and cocooned bedrooms with views.
There are seven bedrooms, five bathrooms, a study, exercise room and a two level master wing.
It was described as 'land art by the sea' by Peninsula Sotheby's International Realty agent Rob Curtain who marketed the home.
<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/2017/03/07/Flinders2.jpg" alt="" width="474" height="265">
It's the second sale for the Besen's who found a $26.25 million buyer for their Towers Road home before Christmas.
Infrastructure executive Phil Dreaver recently emerged as the buyer of the four bedroom home with a concrete scalloped and arced facade which broke Victoria's state wide record.
It had been held by Ilyuka, a Portsea clifftop, since 2010 when it sold for $26 million.
Daniel is the son of billionaire retail tycoons Marc and Eva Besen, who founded the clothing company Sussan Group.
He runs his own private equity firm.
</body></html>

firstname1-iYD4UYzvBa

Besen's Miramar, Flinders estate under offer

<html><body>
The Mornington Peninsula's Best Western Plus Brooklands Hotel has sold for around $9 million to Melbourne hotel operators.
Located on Nepean Highway at 99 Tanti Avenue the property features accommodation, wedding and function facilities, 53, four-star guest rooms, four function rooms, a heated indoor pool and gymnasium on 9,000sqm.
Scott Callow from CBRE said it was only the second time the asset had been available to purchase.
"The key features that appealed to vying purchasers were the location and large landholding," he said.
"We saw significant interest from a mix of owner operators, investors, business buyers and developers.
“Mornington is continuing to grow as a popular tourist destination, due to the array of beaches, restaurants, wineries and its close proximity to Melbourne’s CBD. The premium hotel is a short walk to the popular Main Street shopping and restaurant precinct and within walking distance to both Mothers and Mills beaches, making it a prime investment opportunity.”
 
 
</body></html>

Mornington Peninsula

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Mornington Peninsula

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News