Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<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/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Property News

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John Clinton, the drummer from the country band, The Wolverines and wife, Kim have sold their secluded, organic-style, custom-built Dural home.
The <a href="https://www.realestateview.com.au/Real-Estate/65-quarry-road-dural/Property-Details-sold-residential-8883988" target="_blank">Quarry Road house</a> was initially marketed last year with $2.75 million price hopes, then relisted more recently at $2.49 million.
David Baggs at ECA Space Design designed the house which won praise from the Housing Industry Association.
The early 1990s environmentally friendly home sits on almost three hectares.
The curved two-storey, three bedroom house also comes with a self contained two-bedroom studio which was a disused train carriage.
There are rooftop gardens and wraparound 20m wet edge pool.
Sandy Ward of Ray White Dural sold the listing that recently made the list of top ten NSW’s most popular and incredible homes on news.com.au.
The Wolverines are best known for the song 65 Roses about cystic fibrosis, and the Ballad of Young Bobby Dale.
Once described as a Harley riding, music playing trio, the Wolverines recorded their first album in Nashville in 1996.
Clinton, a former Sydney nightclub owner who seeks to now expand his Holy Cow yacht charterer business, installed a striking musical mural in the main bathroom by the painter Ken Roberts.
The house apparently sold to musicians.
This article first appeared in the Saturday Daily Telegraph
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jchancellor-FAypfDUnLy

Organic-style custom Dural home sells

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A three level home in Shorncliffe has been listed for sale with $1.49 million hopes through John Decker at John Decker Real Estate in Sandgate.
Eagle View, <a href="https://www.realestate.com.au/property-house-qld-shorncliffe-119818643" target="_blank">82 Park Parade</a>, is a towering Queenslander which overlooks Moreton Bay.
The property was one of many 1900s former hotels of these once in-vogue English-style seaside suburb.
It was divided into flats before reunification as a four-bedroom home, 25 years ago.
It also has three bathrooms, four car spaces and an attic, an open, multi-purpose area.
The median price for a home in <a href="/news">Shorncliffe is $710,000</a>, according to CoreLogic RP Data.
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Shorncliffe's Eagle View listed with $1.49 million hopes

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Beacon Lighting's chief executive, Glen Robinson has his three-level Richmond townhouse listed through Marshall White agent Stuart Evans.
The October 17 auction is tipped to yield $1.5 million-plus for the three bedroom, two bathroom townhouse.
<a href="https://www.realestateview.com.au/Real-Estate/6-allans-place-richmond/Property-Details-buy-residential-9567982" target="_blank">The 6 Allans Place offering</a> has a mix of polished concrete floors and Australian pale wood flooring. 
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Beacon Lighting chief's Richmond townhouse offering

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GEUST OBSERVER
The hot weather over the October long weekend brings a reminder that Australia’s “disaster season” is fast approaching.
The summer brings bushfires, cyclones and floods to the forefront of our minds – never more so than in an El Niño year with temperatures predicted to soar.
The increase in the frequency and the impacts of natural disasters over recent years has been well documented and is at least partly attributable to changes in our climate.
Climate change is not going away, so it is highly likely that this rising tide of natural disasters will continue.
<h2>Communicating risk</h2>
This increasing prevalence presents a challenge for risk communication. How should the public be informed about the potential risk of disasters?
A common response is to assume that more information is better, and that providing summaries of risk levels will lead people to reduce their exposure to relevant risks.
Data from field studies on non-climate-related disasters, however, point to the opposite effect.
Media-released information summaries concerning catastrophic events can have the paradoxical effect of decreasing people’s overall estimates of risk.
For example, following the Loma Prieta earthquake in northern California, an analysis of house sales suggested that new buyers reduced their assessment of risk as information concerning the location and rate of earthquakes was publicised.
A similar pattern was found following the Tohoku tsunami of 2011, with unaffected residents exhibiting lowered risk perception about the heights of waves warranting evacuation.
<h2>Testing risky choices in the lab</h2>
In a paper published in Nature Climate Change today, my colleagues and I attempt to shed light on this paradoxical effect of summaries of risk.
We created a microworld with three villages, each associated with different levels of disaster risk.
On each trial of the 400-trial experiment, people (mostly university students) had to choose where to live. They earned points on each trial, but lost lots of points when a disaster struck.
One village was safe – a disaster never occurred – but people didn’t get many points for choosing to live there. A second village offered more points if no disaster occurred but rare catastrophes occurred (10 in 100 rounds), which affected a small proportion of the dwellings in the village.
A third village had even rarer catastrophes (one in 100) but the damage was more widespread, thus making the overall risk of a disaster equal to the second village.
These risks were all known to participants before they made their choices. What differed was how participants learned about a disaster occurring.
One group only found out if their own dwelling was hit, a second group found out if any of the dwellings in their village was hit, and a third group found out if any dwellings in either risky village were affected.
These three groups were designed to mimic information people could get in real life from personal experience, local sources, or from afar via media or authorities.
The key result was that the third group - people given the most information about recently experienced or avoided disasters – took more risks and were more likely to choose regions prone to disasters.
Getting full information about all the villages, as is possible in real life through media and authorities, appeared to reinforce for people that “most of the time nothing bad happens in the risky areas”.
The increased tolerance for risk is akin to a person who is willing to trade daily access to the ocean with the rare risk of flooding from an abnormally high tide.
<h2>Implications for risk communication</h2>
Our results suggest that supplementing personal experience with information about the rare occurrence of disasters (storms, floods) in different regions may paradoxically reduce people’s perception of risk and increase the appeal of disaster-prone regions.
This result implies that disaster risk communication needs to emphasise the increasing prevalence of disasters.
Statements often seen in the media such as a “one-in-50 or one-in-100-year” event could lead people to assume, incorrectly, that there won’t be another event for 49 or 99 years. This perception is compounded by their typical daily experience of nothing bad happening.
Risk messages need instead to focus on the accumulation of events and the increase in their associated risks across time. For example, people should be reminded how many major floods or severe fire days occurred between specific points in time – such as “four events between 1900 and 1949”, or “ten events between 1950 and 2000”.
Of course, this conclusion is based on the specific conditions in our modelled microworld, so we need to be cautious in generalising too far. Nonetheless, the research points towards ways to understand the sometimes paradoxical reaction to disaster risk.
Ben Newell is professor of cognitive psychology, UNSW Australia and an author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/ben-newell-46" target="_blank">here</a>.
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mick.cee-iDmgDDAmu8

Disaster reporting may encourage people to live in riskier places

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GUEST OBSERVER
Before You Bid allows you to search for a property and buy your independent building and pest, strata report and contract review without picking up your phone.
The website was created after the personal experience of spending thousands of dollars without getting close to buying a property.
I was concerned not just with the cost of these reports, but also the quality. People don’t want to allow others to buy their reports because there is nothing in it for them. That is why we set-up a cash back model so that everyone pays the best possible price.
We have also set up an Uber-style rating system so our customers can give direct feedback on their reports and we can feed that through our service providers to continually improve the quality.
Service providers can apply to Before You Bid to be on their panel and have their qualifications and insurances checked. In one instance there was an inspector who had a builder’s license number on their website and it was fake. We take those worries out of the consumers’ hands. 
And how do they address the independence issue?
We found in the ACT that the agents have a tendency to pick report inspectors who write favourable reports. We have contacted a number of inspectors who admitted that their agent-instructed reports were not as thorough as their buyer ones. We don’t think they are worth the paper they are written on and that buyers deserve better. That is why we don’t allow agents or vendors to have any influence over our panel of report writers and don’t accept any money from them for advertising. We are exclusively buy-side focused.
With our share cost model interested parties can pay as little as $149 for an independent building and pest inspection and $79 for an independent strata report or contract review. We consider this an innovative solution to a market failure.
Rhys Rogers is co-founder and chief executive officer of Before You Bid and can be contacted <a href="https://www.beforeyoubid.com.au" target="_blank">here</a>.
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Uber-style report rating system for building, pest and strata reports

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The Wollongong region in New South Wales had a preliminary clearance rate for the week ending 4 October with a 58.3% clearance rate for a total of 38 auctions, according to CoreLogic RP Data.
Queensland's Sunshine Coast had a preliminary clearance rate of 54.6% from a total of 43 auctions and the Victorian suburb of Geelong only five total auctions.
<a href="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%2010.12.30%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/07/Screen%20Shot%202015-10-07%20at%2010.12.30%20AM.png" alt="">
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Wollongong clears 58.3% clearance rate: CoreLogic RP Data

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Joint venture partners, Frasers Property Australia and Sekisui House Australia, have received approval to develop a pair of buildings located on the corner of Broadway and Abercrombie Streets at its award-winning Central Park development in Chippendale.
To be known as DUO, it is a $520 million, two tower, mixed-use project.
Designed by one the world’s most awarded architecture practices, Foster + Partners, DUO will be Foster + Partners’ second residential building in Australia.
The residential component of DUO will include a total of 313 residential apartments, offering a mix of one-bedroom suites, one bedroom + study apartments, two-bedroom apartments and three-bedroom dual-key apartments, the majority of which will be located in the eastern tower of DUO.
The limited range of 48 residential apartments located on levels 11-16 of the western tower will be DUO’s premium offering – DUO Limited Edition.
DUO will also include a 300-room hotel, ground floor retail, 5,500 square metres of commercial space, a large childcare centre to accommodate up to 90 children and the refurbished Australian Hotel.
$520 million is the estimated end value of DUO, comprising $350 million in residential apartments, $120 million 300-room hotel and $50 million in retail, commercial and child care uses.
Central Park's project director, Mick Caddey, said the $520 million project brings the completion of the Central Park development into the near horizon.
DUO is set to be launched to the market in late November with registrations of interest currently being taken.
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DUO approval for Central Park 

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A stone and red brick 1926 Adelaide bungalow has been listed with $1.1 million hopes through Peter Briscoe and Penny Riggs at Klemich Real Estate.
The <a href="https://www.realestateview.com.au/Real-Estate/20-alexandra-avenue-rose-park/Property-Details-buy-residential-9567594" target="_blank">20 Alexandra Avenue</a> at Rose Park is on the market for the first time in 36 years.
The property sits on a 919 sqm area.
It has period features that includes decorative ceilings and leadlight windows, and a stone archway entrance.
The house has five bedrooms, two bathrooms and two car spaces.
The auction is set for October 16.
The median price for a home in <a href="/news">Rose Park is $1,160,000</a>, according to CoreLogic RP Data.
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$1.1 million hopes for 1920s Adelaide bungalow

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Caydon Property Group has welcomed the City of Banyule’s decision to agree to a Victorian Civil and Administrative Tribunal (VCAT) consent order on its Ivanhoe development site.
It will enable a $150 million, 14-storey residential, office and retail development at 443 Upper Heidelberg Road, Ivanhoe to proceed.
Banyule councillors this week supported the council officer’s recommendation to agree to the consent order for development at the 3360 square metre Burgundy Hill site, one of Melbourne’s highest points.
It followed collaboration between Caydon, council officers, residents and the community at a compulsory conference at VCAT in August which led to Caydon resolving key height, built form and mass, and vehicle access concerns through an amended proposal.
Caydon principal Joe Russo said the conference provided constructive feedback that "helped us land on a design that is a better fit with the surrounding area in terms of the height, appearance and amenity of the proposed building.” 
The approved plans will see the construction of 211 one, two and three bedroom apartments, as well as 48 serviced apartments and 1590 square metres of office and retail space. These will be serviced by 296 car parks and storage for up to 156 bicycles.
The Burgundy Hill site is earmarked as a strategic redevelopment site in the Heidelberg Precinct Structure Plan.
<img src="/images/2015/10/07/700_caydon2.jpg" alt="">
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Caydon set to proceed with Burgundy Hill, Ivanhoe project

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GUEST OBSERVER
Today’s decision to leave the cash rate unchanged came as no surprise to either economists or market participants. As such, the focus was on the Governor’s accompanying Statement which turned out to be basically a carbon copy of last month’s wtatement.
With concerns around the outlook in China weighing on global markets we thought that the Statement might contain something new on China, but the Governor simply repeated last month’s comment that there has been, “some further softening in conditions in China and east Asia of late”.
The Governor’s comments on the Australian labour market are unchanged which means that their forecasts for a flat unemployment rate over the next year remain intact.
There were only two material changes from last month’s statement. The Governor notes that dwelling prices “continue to rise strongly in Sydney and Melbourne” (last month only Sydney was cited). And Steven’s stated that “the available information suggest that moderate expansion in the economy continues” (last month he stated that “most of the available information.....”)
The Governor again refrained from making any comments around the AUD needing to move lower. In our view, the AUD is currently trading in the RBA’s ‘comfort zone’. It’s has fallen enough to help the Australian economy rebalance without posing a risk to the near term inflation outlook. We see the AUD falling further over the next few months.
The outlook
Markets are assigning a 50% probability that the RBA eases policy again in 2015 (a 29% chance of a November rate cut is priced). In our view, the case to leave rates unchanged is stronger than the case for a near term rate cut so we have the RBA on hold at 2.0%. The forward looking indicators of the labour market are consistent with a flat unemployment while the lower AUD is helping the economy to rebalance. The RBA would need to downgrade their growth forecasts in the November Statement on Monetary Policy to justify a rate cut and in our view that looks unlikely.
The focus for RBA enthusiasts turns to a run of speeches by RBA officials (Assistant Gov. Debelle [7 Oct.], Head of Economic Research Simon [8 October] and Deputy Gov. Lowe [13 Oct]. On the data front, QIII inflation data towards the end of the month and the jobs report next week are the most important pieces of economic information ahead of the November meeting. A decent employment report next week would probably see market pricing for a November rate cut recede. But a poor print and a low CPI outcome would mean that the November meeting would be seen as ‘live’. 
<a href="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.09.11%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.09.11%20PM.png" alt="" width="713" height="305">
<a href="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.09.20%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/10/06/Screen%20Shot%202015-10-06%20at%209.09.20%20PM.png" alt="">
Gareth Aird is economist at Commonwealth Bank and can be contacted <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/gareth-aird/14/790/905" target="_blank">here</a>.
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