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.

&nbsp;

<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" />

&nbsp;

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

<section data-element_type="section" data-id="b086848">
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

Rosebud

<html><body>
The Easter break's special Victorian auction treat - a bathing box on the Rosebud foreshore - went wanting, when it failed to sell with just the one bidder at its onsite weekend auction.
"You could start with a bid of $1 million if you like, but I won't move it to Sorrento," the Mornington Peninsula auctioneer Stephen Wilson told the crowd.
There was a $200,000 opening bid.
"It's the best boatshed and position in Rosebud," Wilson said.
Then the auctioneer placed a $225,000 vendor bid.
"You can go fishing ..you can go swimming, but here you don't need to even get sand in your feet," he said.
Just the one higher offer took the top bid to $230,000 when <a id="LPlnk30240" href="https://www.realestate.com.au/property-house-vic-rosebud-129412790" target="_blank">boatshed 82A</a> was put to auction on Saturday afternoon.
Post-auction the top bidder was told there was a $280,000 reserve price.
Some years ago it had a $345,000 asking price.
Located at the beach end of Rosebud Parade, not far from the busy cafes on Point Nepean Highway, <a id="LPlnk250717" href="https://www.norrisre.com.au/index.cfm?pagecall=property&amp;propertyID=3311136" target="_blank">boatshed 82a</a> is the closest bathing box to the pier.
With the leasehold holding is a 8m x 4m boat shed constructed of brick and a colourbond roof that dates back at least 70 years.
The smaller Rosebud boat sheds for sale start from $85,000.
<img src="https://www.urban.com.au/images/2019/4/18/Boat%20shed%202.JPG" alt="">
It was the quietest Easter since 2012 with just 378 homes taken to auction across the combined capitals, according to CoreLogic.
There were limited city auctions over Easter, but coastal agents across the country endeavoured to find buyers ahead of the upcoming winter hibernation.
A newly constructed four bedroom Blairgowrie home didn't find its weekend buyer either on Melbourne's Mornington Peninsula.
<div>It was passed in on a $2 million vendor bid with the marketing having sought $2.2 million.</div>
<div>Set on a 688 sqm, the residence at <a id="LPlnk878221" href="https://www.melbournesothebysrealty.com/property/blairgowrie-34-charles-street" target="_blank">34 Charles Street</a> with 61 squares of space has views across Port Philip Bay.</div>
<div>
It was designed by siblings, architect Elise Ross and construction by local luxury builder Simon Ross with plenty of use of timber, American Oak flooring, Silvertop Ash panelling and Blackbutt decking.
</div>
"It is a family passion-project by the Ross family," Peninsula Sotheby's International Realty listing agent Hamish Opray said, noting there was a "sophisticated Scandinavian-inspired aesthetic throughout."
The three level floorplan incorporates distinct, self-contained living zones serviced by an Italian imported hydraulic lift.
There is a solar-heated glass tiled pool.
Sydney had the priciest weekend auction offering which was a vacant block at <a id="LPlnk949594" href="https://djwproperty.com.au/property/20-macintyre-crescent-sylvania-waters-nsw-2224/" target="_blank">20 Macintyre Crescent, Sylvania Waters</a>, billed as having the potential to be a holiday home.
It was an 808 sqm building block with approved plans for a luxury residence with an extra wide 30m water frontage with deep water mooring facility to accommodate vessels up to 28mertes in length plus dry dock and jet ski facilities.
The house plans have been designed by Rabi Moussawel of RM Designers.
“The vision was to design a house which made the owner feel like he was on holidays every day of the year," Moussawel said in the marketing.
"From the moment you enter the house you experience the luxurious double height ceiling space like a hotel foyer.
"This luxury home is alive with ocean drama, swaying palm trees, quiet sunrises, and flamboyant sunsets.
"It is a rare architectural masterpiece, connecting outside with inside and enjoying spectacular, unobstructed views of the water.
"Fish in the morning, swim during the day and jet ski in the afternoon.... why travel when you are already on holidays.”
DJW Property agent John Basa said it was it was passed in at $3,965,000, below its reserve price of $4.1 million.
Its last sale was in 2009 when the 1965 home was bought for $2,315,000, having sold pre GFC at $2.9 million in 2004.
Realestate.com.au advised the NSW clearance rate, based on 97 auction results over the past week, sat at 59 percent.
South Australia also secured a 59 percent success rate over the past week from 29 results.
Queensland had a 33 perecent clearance rate from 39 results.
There were two offerings at 1770, the small town promoted as the gateway to the Southern Great Barrier Reef, near Gladstone where explorer Captain James Cook briefly landed in May 1770.
A detached architect-designed duplex at <a id="LPlnk616864" href="https://www.realestate.com.au/property-house-qld-seventeen+seventy-130810014" target="_blank">4a/4b Orton Court </a>failed to sell.
With ocean views over Bustard Bay, the duplex offering was the winner of 2014 Queensland Master Builders Association award after being constructed in 2014 by Gibson Homes.
"No expense was spared in construction using corrosion resistant materials to ensure low maintenance," its PRDnationwide marketing advised.
"The properties were passed in," PRD agent James White said. They have been $3000 a week peak season asking rentals.
Orton Court is named after Captain Cook's clerk Richard Orton whose earlobes were slashed during the drunken night when Cook's crew anchored in Bustard Bay. 
A 1770 entry level home set amid tropical gardens also did not sell at <a id="LPlnk45130" href="https://www.realestateview.com.au/real-estate/628-captain-cook-drive-seventeen-seventy-qld/property-details-buy-residential-11083832/" target="_blank">628 Captain Cook Drive</a> though PRD. 
The classic holiday home comprised two bedrooms, open plan kitchen and living room with a large sunroom and balcony area, to capture the views. 
It last sold at $210,000 in 1991.
Victoria's success rate was put at 58 percent with just 26 results.
Rosebud was among the busiest auction locations.
A three bedroom one bathroom house, listed through Paul Cunnington and Tullie Roberts of Barry Plant, was sold at an undisclosed price.
Situated at <a id="LPlnk852269" href="https://www.barryplant.com.au/property/599338/79-first-avenue-rosebud/" target="_blank">79 First Avenue</a>, the home had come with a price guide of $520,000 to $570,000.
Set on 385 sqm, the renovated home last sold in 2008 for $290,000.
Another Rosebud property, marketed as a "grand weatherboard ready for a makeover" was pulled from auction.
The four bedroom one bathroom house set on 760 sqm, had a price guide of $520,000 to $550,000 through Barry Plant.
Situated at <a id="LPlnk782957" href="https://www.barryplant.com.au/property/599619/14-hayes-avenue-rosebud/" target="_blank">14 Hayes Avenue</a>, the listing noted the property had the potential to be subdivided or become a two unit site.
The median price for a home in Rosebud is $605,000, according to CoreLogic, with the median days on market before a sale at 32 days. 
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jchancellor-FAypfDUnLy

Rosebud bathing box fails to sell at Easter auction

<html><body>
Parkmore, a historic 1891 Victorian mansion in Rosebud, the seaside town on the Mornington Peninsula, has finally sold after numerous attempts.
The grand six-bedroom Victorian home at <a href="https://www.realestate.com.au/sold/property-house-vic-rosebud-128521190">741-743 Point Nepean Road </a>sold for an undisclosed price having revised price hopes of $2.6 million to $2.8 million during its most recent sales campaign.
The property passed in at auction last July.
Positioned opposite the beach, last year McEwing &amp; Partners Mornington agent Quentin McEwing saw two bidders compete for the property before it was passed in at $3,175,000.
The heritage listed manor had an initial guide of $2.7 million to $3 million which was amended to a price guidance of $3.2 million to $3.5 million before the auction.
It was listed in 2017 with $3 million to $3.3 million price guidance.

<div id="div-gpt-ad-1553484609107-0" style="height: 1px; width: 1px;"> </div>
It last sold at a suburb record $2,825,000 in 2016 when bought by the property developer Robert Kampf.
Directly opposite a long sandy stretch of beach, thehouse comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.
<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/2018/6/4/rosebud%202.jpg" alt="">
Other features include heated swimming pool &amp; spa, fireplaces, sash windows and ducted heating and cooling. 
It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.
<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/2018/6/4/rosebud%203.jpg" alt="">
It is listed by Quentin McEwing and Marcus Gollings from McEwing &amp; Partners Real Estate.
The suburb's median house price sits around <a href="/developments/rosebud-vic-3939">$560,000</a>, according to CoreLogic. 
Rosebud was raked in late 2017 as the cheapest place to buy on the Mornington Peninsula. 
<table>
<thead><tr>
<th rowspan="1" colspan="1"> </th>
<th rowspan="1" colspan="1">
Median house
</th>
<th rowspan="1" colspan="1">
Annual growth
</th>
<th rowspan="1" colspan="1">
5 year growth
</th>
</tr></thead>
<tbody>
<tr>
<td rowspan="1" colspan="1">Dromana</td>
<td rowspan="1" colspan="1">$685,000</td>
<td rowspan="1" colspan="1">18%</td>
<td rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Blairgowrie</td>
<td rowspan="1" colspan="1">$856,000</td>
<td rowspan="1" colspan="1">15%</td>
<td rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Tootgarook</td>
<td rowspan="1" colspan="1">$553,500</td>
<td rowspan="1" colspan="1">16%</td>
<td rowspan="1" colspan="1">86%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Sorrento</td>
<td rowspan="1" colspan="1">$1.3m</td>
<td rowspan="1" colspan="1">30%</td>
<td rowspan="1" colspan="1">92%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Safety Beach</td>
<td rowspan="1" colspan="1">$720,500</td>
<td rowspan="1" colspan="1">16%</td>
<td rowspan="1" colspan="1">81%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Rye</td>
<td rowspan="1" colspan="1">$643,500</td>
<td rowspan="1" colspan="1">18%</td>
<td rowspan="1" colspan="1">87%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Rosebud</td>
<td rowspan="1" colspan="1">$526,000</td>
<td rowspan="1" colspan="1">17%</td>
<td rowspan="1" colspan="1">83%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Portsea</td>
<td rowspan="1" colspan="1">$1.86m</td>
<td rowspan="1" colspan="1">0%</td>
<td rowspan="1" colspan="1">82%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mount Martha</td>
<td rowspan="1" colspan="1">$935,750</td>
<td rowspan="1" colspan="1">19%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mount Eliza</td>
<td rowspan="1" colspan="1">$1.1m</td>
<td rowspan="1" colspan="1">22%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
<tr>
<td rowspan="1" colspan="1">Mornington</td>
<td rowspan="1" colspan="1">$805,000</td>
<td rowspan="1" colspan="1">17%</td>
<td rowspan="1" colspan="1">91%</td>
</tr>
</tbody>
</table>
Source: Domain Group House Price Report, December quarter 2017 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Historic Rosebud offering Parkmore finally sold

<html><body>
A family home in the Lockhart Drive Estate in Rosebud on the Mornington Peninsula has been listed for $1.85 million hopes.
It has been offered by Flynn &amp; Co Real Estate Rosebud. 
The home at <a href="https://www.realestate.com.au/property-house-vic-rosebud-130162298" target="_blank">27 Lockhart Drive</a> sits on 4118sqm and has four bedrooms, open plan living spaces, a theatre room,  kitchen with full butler's pantry, wine cellar, and alfresco area with outdoor kitchen. 
<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/2018/12/21/rosebud%202.jpg" alt="">
Other features include automatic gates, travertine stone flooring, high square set ceilings, ducted heating, heated flooring through the master ensuite, and double garage plus additional double carport. 
It is within easy reach of the Rosebud Country Club, shops and wineries.
The suburb's median house price sits at <a href="/developments/rosebud-vic-3939">$610,000</a>, according to CoreLogic.  
<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/2018/12/21/rosebud%203.jpg" alt=""> 
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Rosebud trophy home listed at $1.85 million

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Parkmore, a historic 1891 Victorian mansion in Rosebud, the seaside town on the Mornington Peninsula, failed to sell at weekend auction.
McEwing &amp; Partners Mornington agent Quentin McEwing saw two bidders compete for the property before it was passed in at $3.175 million
The heritage listed manor had an initial guide of $2.7 million to $3 million which was amended to a price guidance of $3.2 million to $3.5 million..
It was listed last year with $3 million to $3.3 million price guidance.
It now comes with a price guidance of $3.2 million to $3.5 million.
It last sold at $2,825,000 in 2016 when bought by the property developer Robert Kampf.
Directly opposite a long sandy stretch of beach, the<a href="https://www.realestate.com.au/property-house-vic-rosebud-128521190" target="_blank"> 741-743 Point Nepean Road</a> house comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.
<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/2018/6/4/rosebud%202.jpg" alt="">
Other features include heated swimming pool &amp; spa, fireplaces, sash windows and ducted heating &amp; cooling. 
It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.
<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/2018/6/4/rosebud%203.jpg" alt="">
It is listed by Quentin McEwing and Marcus Gollings from McEwing &amp; Partners Real Estate.
The suburb's median house price sits around <a href="/news">$560,000</a>, according to CoreLogic. 
Rosebud was raked in late 2017 as the cheapest place to buy on the Mornington Peninsula. 
<div class="moveable_w" data-element-id="chart_141926523" data-object-id="3366395c-65ce-4feb-b3cf-42e7f3cc3640" data-object-type="chart" data-content-type="19">
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<div class="igc-table-outer">
<div class="igc-table-container">
<table class="igc-table __dynamic">
<thead><tr>
<th class="igc-table-header igicon-sort" rowspan="1" colspan="1"> </th>
<th class="igc-table-header igicon-sort" rowspan="1" colspan="1">Median house</th>
<th class="igc-table-header igicon-sort" rowspan="1" colspan="1">Annual growth</th>
<th class="igc-table-header igicon-sort" rowspan="1" colspan="1">5 year growth</th>
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<tbody>
<tr>
<td class="igc-table-cell" rowspan="1" colspan="1">Dromana</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$685,000</td>
<td class="igc-table-cell" rowspan="1" colspan="1">18%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td class="igc-table-cell" rowspan="1" colspan="1">Blairgowrie</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$856,000</td>
<td class="igc-table-cell" rowspan="1" colspan="1">15%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">84%</td>
</tr>
<tr>
<td class="igc-table-cell" rowspan="1" colspan="1">Tootgarook</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$553,500</td>
<td class="igc-table-cell" rowspan="1" colspan="1">16%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">86%</td>
</tr>
<tr>
<td class="igc-table-cell" rowspan="1" colspan="1">Sorrento</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$1.3m</td>
<td class="igc-table-cell" rowspan="1" colspan="1">30%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">92%</td>
</tr>
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<td class="igc-table-cell" rowspan="1" colspan="1">Safety Beach</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$720,500</td>
<td class="igc-table-cell" rowspan="1" colspan="1">16%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">81%</td>
</tr>
<tr>
<td class="igc-table-cell" rowspan="1" colspan="1">Rye</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$643,500</td>
<td class="igc-table-cell" rowspan="1" colspan="1">18%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">87%</td>
</tr>
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<td class="igc-table-cell" rowspan="1" colspan="1">Rosebud</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$526,000</td>
<td class="igc-table-cell" rowspan="1" colspan="1">17%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">83%</td>
</tr>
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<td class="igc-table-cell" rowspan="1" colspan="1">Portsea</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$1.86m</td>
<td class="igc-table-cell" rowspan="1" colspan="1">0%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">82%</td>
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<td class="igc-table-cell" rowspan="1" colspan="1">Mount Martha</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$935,750</td>
<td class="igc-table-cell" rowspan="1" colspan="1">19%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">91%</td>
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<td class="igc-table-cell" rowspan="1" colspan="1">Mount Eliza</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$1.1m</td>
<td class="igc-table-cell" rowspan="1" colspan="1">22%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">91%</td>
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<td class="igc-table-cell" rowspan="1" colspan="1">Mornington</td>
<td class="igc-table-cell" rowspan="1" colspan="1">$805,000</td>
<td class="igc-table-cell" rowspan="1" colspan="1">17%</td>
<td class="igc-table-cell" rowspan="1" colspan="1">91%</td>
</tr>
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<div class="moveable_w" data-element-id="particle_6b398acf-3a27-423b-83fb-663f2e9e0fac" data-object-id="6b398acf-3a27-423b-83fb-663f2e9e0fac" data-object-type="particle" data-content-type="captiontext">
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<div class="innertext" data-placeholder="">Source: Domain Group House Price Report, December quarter 2017 </div>
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Historic Rosebud offering Parkmore fails to sell

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Parkmore, a historic 1891 Victorian mansion in Rosebud, a seaside town on the Mornington Peninsula, has been listed with suburb-record breaking hopes.
The heritage listed manor has a guide of $2.7 million to $3 million for its July 21 auction.
It last sold at $2,825,000 in 2016 when bought by the property developer Robert Kampf. 
Directly opposite a long sandy stretch of beach, the<a href="https://www.realestate.com.au/property-house-vic-rosebud-128521190" target="_blank"> 741-743 Point Nepean Road</a> house comes with three living/dining rooms, a modern kitchen, wine cellar/cantina, six bedrooms, and an array of verandas and patios.
<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/2018/6/4/rosebud%202.jpg" alt="">
Other features include heated swimming pool &amp; spa, fireplaces, sash windows and ducted heating &amp; cooling. 
It is within short walking distance to the McCrae Plaza, the yacht club, restaurants and cafes.
<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/2018/6/4/rosebud%203.jpg" alt="">
It is listed by Quentin McEwing and Marcus Gollings from McEwing &amp; Partners Real Estate.
The suburb's median house price sits on $561,000, according to CoreLogic. 
 
 
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jonathanchancellor-7SQnKwU6yx

1890s Rosebud trophy home, Parkmore offering

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Rosebud always has plenty of bathing boxes on offer.
Just last month $77,000 was paid for <a href="https://www.realestate.com.au/sold/property-house-vic-rosebud-122107510" target="_blank">box 159</a>.
The rather large box 188 sold in October this year at $99,000.
A beach box at Rosebud is now for sale for $39,950.
<a href="https://www.norrisre.com.au/index.cfm?pagecall=property&amp;propertyID=3039620&amp;realestate=97_Rosebud_Foreshore_ROSEBUD_VIC_3939" target="_blank">Located at 97 Rosebud Foreshore</a>, the property (pictured above) is directly opposite a hotel close to the Motor Boat Harbour.
The property is offered by Norris Real Estate agent Gary Clode.
The freshly painted Box 122 wants $90,000. 
There was a $20,000 in 2009 of box 97.
The colourful box 164 sold for $22,000 last year. In 2015 box 153 fetched $31,000.
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Cheap Rosebud beachfront boxes for sale

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A Rosebud beach house sold at weekend auction for $505,500.
The weekend sale was <a href="https://www.realestate.com.au/property-house-vic-rosebud-123171414">2 Spray Street, Rosebud</a> (above). Shane Fox at Ray White sold it. 
The two storey three bedroom had fetched $390,000 in 2014.
Property Observer went looking for five more than could be bought at less than half a million on Victoria's Mornington Peninsula.
Another in Rosebud is available, with YPA Estate Agents agent Chris Fahl asking between $440,000 and $480,000 for a three bedroom, one bathroom home.
Last traded for just $72,000 in 1997, <a href="https://www.realestate.com.au/property-house-vic-rosebud-123148958" target="_blank">12 Kennington Road</a> (below) in Rosebud is set on 679 sqm and a short walk to Port Phillip Bay.
<img src="/images/2016/08/26/500_beach1.jpg" alt="">
A beach house at<a href="https://www.realestate.com.au/property-house-vic-rosebud+west-123404694" target="_blank"> 9 Swans Way</a> (below) in Rosebud West is on the market for $430,000 with Basso Real Estate agent Paul Basso, having last sold for $295,000 in 2010.
<img src="/images/2016/08/26/beach2.jpg" alt="">
The renovated three bedroom investment property was bringing in $330 a week, which would show a rental yield of 3.99 percent for the new buyer.
YPA Estate Agents Sheree Hay is asking for offers between $430,000 and $470,000 for <a href="https://www.realestate.com.au/property-house-vic-rye-123225954">1 Hackworth Road</a> (below) in Rye.
<img src="/images/2016/08/26/rye.jpg" alt="">
It's a three bedroom, one bathroom home on a corner allotment with a wood fire pizza oven in the back yard.
It last traded for $286,000 in 2008.
Just touching the $500,000 barrier is this three bedroom, single level home in Safety Beach, which only traded last year for $350,000.
The property at <a href="https://www.realestate.com.au/property-unit-vic-safety+beach-123434298" target="_blank">38/113 Country Club Drive</a> (below) is priced at $499,000 through YPA Estate Agents Ben Nutbean and Jade Springer.
<img src="/images/2016/08/26/country.jpg" alt="">
Back to Rosebud, where Darren Sadler at Eview Property Group wants offers over $475,000 for <a href="https://www.realestate.com.au/property-house-vic-rosebud-123189394">28 Sunningdale Road </a>(below)<a href="https://www.realestate.com.au/property-house-vic-rosebud-123189394">.</a>
<img src="/images/2016/08/26/rose1.jpg" alt="">
Last sold in 2010 for $375,000, the three bedroom, two bathroom renovated family home offers an open plan living area with large back yard. 
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