ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

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<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

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There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

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Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Real Estate Industry

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As is the case with a range of sectors, Facebook has removed the posting of a range of major real estate portals, trade media and real estate member organisations.

The Facebook pages of Realestate, Domain, Allhomes and Urban, have all been obstructed as real estate portals have been affected by Facebook’s decision to ban Australian news content from its platform.

REIA is currently assessing the situation and the impact on the industry as a whole as Facebook has been an important channel to connect with Australian’s looking to buy and rent property.

The move follows the debate on proposed legislation from the Australian government that seeks to push internet platforms — with a particular focus on advertising giants Facebook and Google — to pay news publishers directly for access to share their content.

REIA President, Adrian Kelly said he is confident real estate marketing will continue to reach its customers.

“From a real estate sales perspective, buyers will go where the properties are being advertised which could ultimately be to Facebook’s detriment," Mr Kelly said

“Covid has proven that estate agents are very quick to adapt to new technologies and that will be the case in the current environment."

“As with COVID-19, for agencies and our customers, the show must go on,” Mr Kelly added.
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Facebook has removed the posting of a range of major real estate portals, trade media and real estate member organisations as of this week

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Australian real estate slapped by Facebook takedowns

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For the first time in NSW, the Government and non-Government sector will combine to conduct large-scale street counts in regional and rural areas, to help inform the state’s homelessness investment.
Minister for Families, Communities and Disability Services Gareth Ward said the initiative would complement the $10.7 million expansion of assertive outreach services to Newcastle and Tweed Heads.
“This week is National Homelessness Week and I’m proud to be part of a Government that is leading the charge on this important issue,” Mr Ward said.
“We are committed to halving rough sleeping by 2025 and these street counts will assist with planning and investment around this ambitious target.
“We are supporting people at risk of homelessness by putting more boots on the ground in the form of assertive outreach teams, which engage directly with rough sleepers and help them into stable homes.”
Assertive outreach already operates in Sydney’s CBD, Parramatta and on trains at night. They work in partnership with health services, general practitioners and NGOs to provide a targeted response and case management approach.
Recent figures reveal that more than 455 people previously sleeping rough on Sydney streets have been housed since 2017, with 92 per cent sustaining their tenancies.
“The NSW Government’s assertive outreach program is achieving great outcomes for some of the most vulnerable people in our State,” Mr Ward said.
“However, we recognise that homelessness can also be hidden. Our $1 billion investment includes initiatives to address all forms of homelessness, including programs to increase the supply of social and affordable housing.”
In 2019, Sydney became the tenth city, and NSW the first state, to join the Institute for Global Homelessness Vanguard City program. The first trial street counts will take place in Newcastle, Tweed Heads and Western NSW in coming months with a statewide count planned for February 2020.
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Efforts ongoing to shed light on regional homelessness

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The much anticipated purchase of Top Level Real Estate Pty Ltd by the Perth-based publicly listed The Agency Group Australia has been delayed yet again.
The Agency advised the December 17 settlement would be "slightly delayed."
It claimed it was "due to the time of year and public holidays."
The parties apparently remain committed to completing the transaction, and "are hopeful of doing so prior to year’s end."
It told shareholders that final consents to satisfy all conditions precedent to the acquisition are yet to be finalised.
The company undertook to keep the market updated on the move that would consolidate its east coast status.
Click here <a href="https://www.propertyobserver.com.au/images/2018/12/19/Top-Level.jpg" target="_blank">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/2018/12/19/Top-Level.jpg" alt="">
The Agency Group has advised its desired East Coast operations undertaken by Top Level have delivered its best month to date for FY2019.
For November 2018, The Agency (East Coast) reported Gross Commission Income (GCI) of A$2.4 million for the month.
The sales included Bellevue Hill’s Rona estate which sold for $58 million in conjunction with L&amp;S in an Australian record for a non-waterfront property.
<div class="layoutArea">The Agency (WA) and Sell Lease Property now have over 4% market share in WA, compared to the market leader which has 9% market share.</div>
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<div class="layoutArea">The Agency also experienced strong results in November 2018 reporting GCI of $1.2 million and 126 properties sold across the combined group (The Agency and Sell Lease Property) in WA.</div>
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The Agency (WA) reported 65 sales worth $33.2 million with GCI of $655,595.30 while SLP reported 61 sales worth $28.8 million with GCI of $556,000 for November 2018.
It was December two years ago when McGrath Limited has lost its head of sales, Matt Lahood.
Lahood had been with the McGrath business since 1997. He was director of sales for 12 years.
It was September when The Agency reportedly secured the funds to secure Top Level Real Estate, run by the east coast McGrath rebel agents.
It is via a complicated $8.4 million share placement, along with $5 million of Top Level debt to be converted into shares at $0.01 per share.
The extensive documentation advised total debts of Top Level currently sit at $26,993,812, and immediately following the deal will be $18,760,100.
It's less than the simple outright $10 million capital raising being sought to fund the purchase, which they <a href="/news/the-agency-secures-two-month-extension-to-find-funds-for-the-mcgrath-rebels-acquisition">continually delayed</a>.
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The Agency's acquisition of McGrath rebels delayed yet again

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Three Australian cities, Sydney, Melbourne and Brisbane, feature in the Top 15 most transparent real estate markets in the world, according to JLL’s new City Transparency Report analyzing 158 cities.
By country rankings, Australia has been consistently ranked in the top two globally.
JLL and LaSalle’s Global Real Estate Transparency Index, which has "tracked the evolution of real estate transparency for two decades," has been expanded to cover 158 metropolitan areas across the globe.
In the inaugural City Transparency Index: ‘2018 Transparency in 158 cities’, London tops the ranking with the world’s most transparent real estate market.
Los Angeles, Sydney, San Francisco and New York City round out the top five.
CEO of JLL Australia, Stephen Conry said:
“We see a strong relationship between transparency and cross-border investment activity.
“New investment mandates into Australia from cross-border investors typically specify Sydney and Melbourne as their preferred destination with Brisbane increasingly identified as a market on the cusp of a cyclical recovery.
“For the three Australian cities highlighted in the JLL Global rankings – Sydney, Melbourne and Brisbane – the cross border investment figures for 2018 demonstrate the investor interest.
Among their finding JLL figures also showed that 89% of all offshore investment in the first nine months of 2018 has been concentrated in New South Wales, Victoria and Queensland.
Offshore investment into office, retail and industrial totaled $5.1 billion in the first nine months, compared to $5.73 billion across all of Australia.
“For Queensland, the offshore proportion of total investment has been high at 46.3% and New South Wales and Victoria are both at about 25%,” said Conry.
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Sydney ranks third in the world for real estate transparency: JLL

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AMP Capital announced new appointments in its real estate business, including a new role focused on growing its real estate capabilities in international markets.
Kylie O’Connor has been appointed Chief Operating Officer for Real Estate, responsible for AMP Capital Real Estate’s group-wide functions of finance, strategy, research, governance, risk and compliance, sustainability, business platforms and corporate marketing and communications.
Currently Fund Manager for AMP Capital Diversified Property Fund (ADPF), AMP Capital’s largest pooled real estate fund.
To continue to leverage the strengths of AMP Capital’s real estate capabilities globally, Merran Edwards has been appointed to the new role of Head of International Strategy, Real Estate. 
Merran Edwards joined AMP Capital in March 2016 as Executive Manager, Origination and soon after was appointed to the role of Head of Corporate Portfolio Strategy. 
Luke Briscoe, as Managing Director Office &amp; Industrial, will assume a broader role with accountability for office and mixed-use development. This change aligns with AMP Capital’s integrated management model and includes the delivery of office development including the Quay Quarter Sydney project.
AMP Capital Global Head of Real Estate Carmel Hourigan said she was delighted to announce these appointments to her leadership team, and Briscoe’s expanded role.
“I’m confident these changes support our continual focus on delivering outstanding investment experiences and our aspiration to maximise opportunities for our clients. The changes align to our ambitious international and domestic growth strategy and also demonstrate the strong talent pipeline and succession planning of our people,” Hourigan said.
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AMP Capital expands their real estate team

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Knight Frank and the Launceston firm Woolcock Partners Real Estate will be merged on July 1.
The merged operation will employ a total of 85 people.
The new firm will be branded Knight Frank with Knight Frank CEO Scott Newton and Woolcock Partners Director Sam Woolcock taking places on a Tasmanian Knight Frank board.
The new entity will offer commercial, residential, consulting and research, project marketing and valuation services.
“The new firm comes into operation on July 1. Initially our two Launceston offices … will continue to trade as normal and we aim to launch our new single brand Knight Frank in new premises in the coming months,” Newton said.
“Together we will be able to offer our clients in Northern Tasmania a complete real estate package.”
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Knight Frank real estate expands in Tasmania with merger

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The property industry is buzzing, with subscribers to the Avdiev Property Remuneration Report 2018 suggesting business conditions are better than ever in 2018.
97% of subscribers to the Avdiev Report are doing well or very well, none are doing badly, according to Avdiev.
Rita Avdiev, managing director of the Avdiev Group, says the speed of property activity is ramping up.
“From a slow start in January, companies expect to be flat out till Christmas and beyond”.
Property salary rises are up again, well above the general workforce 1.8% (ABS) and CPI 1.9 percent increases.
The juniors are doing best in the pay stakes, especially in development, design and building.
The report found that shortages of competent staff with desirable skills and attitudes are keenly felt by employers. 
The young are outpacing their seniors in the race for remuneration rises.
“The young are the future of the industry” says Avdiev. 
”Recognized and rewarded at last, they are pushing the boundaries, bypassing old hierarchies and may bring some much needed change into attitudes and working relationships of the 21st Century.”
The RBA no longer frets about the property bubble. Its new focus is on Australia's fast growing economy, expecting the flow on effect of rising company profits to lift pay levels in the general workforce this year. 
The report found that the commercial sector is set to provide the most work, with competition forcing retail assets into redevelopment.
A solid two year pipeline of work is predicted, most from the commercial sector with foreign fund inflow, asset growth and capital raisings the source. 
The Avdiev Property Industry Remuneration Report © is published annually in March.
It is the product of a formal Australia wide survey of property, investment, construction employers and built environment related consulting companies. It gives vital information on current remuneration ...
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jrobinson-rf4aSBido9

Speed of property activity ramping up as the young take charge: Avdiev

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LJ Hooker's think-tank LJX-Lab has developed an online and offline real estate agency model to work in partnership with the LJ Hooker business.
Named Settl, it is led by a start-up team staffed with people from Uber, Atlassian, Freelancer and Airtasker. It has been in development for 18 months and is expected to launch Q2 2017. 
L Janusz Hooker, chairman LJ Hooker, said LJX-Lab is perfectly placed to create and commercialize PropTech like Settl in Australasia.
“Australia is on the cusp of a wave of property innovation. By leveraging our global network of 650 offices and partners to identify the best home grown inventions and entrepreneurs, LJX-Lab is in a unique position to develop and launch technology for the real estate industry," he said.
“We have been closely monitoring global trends for several years, and have seen new models gain momentum in overseas markets like the UK. Settl will open up this new market in Australia, giving digital-natives the choice and control they want,” he said.
 “Australia is a unique market with its own distinct circumstances - and we’ve seen time and time again that standardised overseas models are not overly successful here.
“We see the ongoing human value added from agents a critical part of real estate services into the future. To ensure customer satisfaction, Settl’s unique hybrid “online to offline” model aligns the agent 100 percent with the vendor’s result.
“By developing a model that is custom-built by Australians for Australia, and scaling it with the LJ Hooker network, we will bring more choice to consumers while growing an exciting new market for the entire industry.” 
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LJ Hooker's think-tank LJX-Lab offers hybrid model

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Over 100 real estate industry professionals faced the winter chill at Bondi Beach on Monday, spending the night sleep on the sand to raise funds and awareness for Youth Off The Streets. 
Damien Cooley of Cooley Auctions, who put together the initiative, had his initial expectations exceed, with 104 people registering for the event.
Hi initial total fundraising goal was also far surpassed, with it currently sitting at over $133,000.
<img src="/images/2016/08/26/700_jack.jpg" alt="">
Cooley and Youth off The Street’s Father Chris Riley have had a relationship for over 10 years.
There were a number of agencies that raised money as a team. Savills Real Estate is the current fundraising leader. 
Rain on the day didn't get in the way of the sleep out going ahead and despite the unfavourable conditions, the attendees were in great spirits.
Cardboard boxes to sleep on were provided by Storage King Eastgardens, with some attendees also bringing swags.
<img src="/images/2016/08/26/700_group.jpg" alt="">
Everyone made it through the night to be greeted the next morning with a bacon and egg roll from a BBQ trailer by Youth Off The Streets Volunteers.
Damien Cooley of Cooley Auctions and Youth off The Street’s Father Chris Riley have had a relationship for over 10 years.
Damien is a member of the Youth Off The Streets development committee and dedicates a lot of professional and personal time to the cause. 
“The wind got up at about 3am but I think everyone had a pretty good sleep and it really was an iconic experience sleeping on Bondi Beach,” Damien said. 
The success of the event has encouraged Damien to aim higher, with hopes of one year raising $1 million for Youth off The Streets and getting more of the industry involved.
<img src="/images/2016/08/26/700_group2.jpg" alt="">
“Next year we would really love all of the real estate agencies to really get behind and support the event by promoting it within their networks”.
“Youth Off The Streets is all about taking kids off the street and giving them a home and as agents and auctioneers, we put people in homes for a living!”
The Real Estate Sleep Out everydayhero donation page will be open until August 30, so it’s not too late to contribute to this great cause and help change the lives of youth in need.
<a href="https://www.everydayhero.com.au/event/youthoffthestreetssleepout" target="_blank">Click here to donate</a>
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