The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

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Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

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The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

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The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

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Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

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Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

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Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

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Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 40-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

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Developer Bensons Property Group is behind the 40-storey tower, which has just shy of 230 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

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One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

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There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

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A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

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"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

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The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

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The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

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Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

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While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

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That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

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The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

The Agency

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There has been another delay in The Agency's acquisition of the McGrath rebel's led Top Level Real Estate.
This one saw The Agency request a voluntary suspension from today, Tuesday until Thursday to coincide with the commencement of trading.
"The company makes the request pending an announcement by the company regarding the settlement of the acquisition of Top Level Real Estate Pty Ltd," the request stated.
A trading halt has been in place since last week.
Shares have been held at ¢14.
There is no indication as to the reason for the move from a trading halt to suspension.
 
 
 
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jrobinson-rf4aSBido9

Yet another delay as The Agency seeks Top Level Real Estate

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Mark Bowis has quit The Agency to join Cobden Hayson.
Bowis is an inner west specialist having spent 15 year mostly on the Balmain peninsula.
He spent just one year at The Agency office led by Shad Hassen. 
Before that he was at McGrath for six years and eights years from 2004 at Sarah Lorden Real Estate, which was <a href="/news/balmains-sarah-lorden-real-estate-joins-mcgrath">merged into McGrath in 2012</a>.
His past clients include the chief of Perpetual Fund Management Geoff Lloyd who sold his Louisa Road, Birchgrove waterfront home for $3.3 million.  
In 2015 he sold 27 O'Neill Street, Lilyfield at auction for $2,585,000, setting a suburb record for a house price in Lilyfield.
His sales include 5 Simmons Street, East Balmain at $6,560,000 in 2014.
His last sale at The Agency was when etiquette adviser Alexandra Frampton, director of A Manner of Style, and her husband Peter sold their two-bedroom, two-bathroom Balmain residence for $1,475,000. 
Cobden Hayson was founded in Balmain in 1995, and is now strategically positioned in key inner urban fringe locations around Sydney, with offices in Annandale, Drummoyne and more recently Surry Hills and Marrickville.
The Agency also lost its <a href="/news/tahnee-barnes-the-million-dollar-intern-quits-the-agency">star recruit Tahnee Barnes</a>.
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jchancellor-FAypfDUnLy

The Agency Inner West loses Mark Bowis to Cobden & Hayson Balmain 

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The Agency's long anticipated acquisition of Top Level Real Estate, the agency set up by defecting McGrath agents at Bondi Beach, might finally be nearing a conclusion.
Today's trading halt announcement gives away no further details, but there will be a further announcement before Tuesday.
Shareholders had been expecting an update on the arrangement that would see the Western Australia based real estate agency incorporate the eastern suburbs agency.
Shares were trading a ¢1.4 before the halt at 11.30 this morning.
There had been a pause in trading 10 minutes earlier.
It seemed back in September that the finalisation of the mooted arrangement was imminent as <a href="/news/the-agency-secure-mcgrath-rebels-top-level-with-8-4-million-share-placement">The Agency announced a successful capital raise</a> having sought $10 million.
However in December they <a href="/news/mcgrath-rebels-acquisition-by-the-agency-pushed-back-into-2019">pushed back the acquisition until 2019</a>.
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The Agency in trading halt as Top Level acquisition may be nearing

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The Top Level acquisition by The Agency, a real estate agency from the West, won't now take place until 2019.
The latest update in the long running saga came Friday when The Agency Group Australia advised shareholders that the settlement date to buy the Bondi Beach-based McGrath Rebels has been extended to 11 January 2019.
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The company will also be extending the closing date of the offer under the prospectus dated 20 November, issue date of securities under the prospectus, settlement of the acquisition of all of the shares on issue in Top Level Real Estate Pty Ltd and closing date of the cleansing offer under the prospectus to be amended to 4 January 2019.
It is two years ago that Top Level was launched with the backing of mortgage broker John Kolena, and Ausnet, a then little-known real estate practice out of Perth since 2006 called The Agency which offer a range of Ausnet financial services.
Top Level has been operating under licence to The Agency Group during the extended delayed period while under offer.
Ausnet came to list on the Australian Securities Exchange via the ASX-listed Namibian Copper Limited, a base metals exploration company previously focusing on Namibia, Africa. 
The Agency, formerly Namibian Cooper/Ausnet, is now trading at 1 cent. 
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The Agency Group Australia also advised shareholders that the ASX had granted the company a waiver from ASX Listing Rule 14.7 to the extent necessary to permit the company to issue 6,160,000 shares to John Kolenda, up to 10,000,000 shares to John Kolenda, 833,333 shares to Paul Niardone and 333,333 options exercisable at $0.30 on or before that date which is 3 years from the date of issue to Adam Davey as approved by the company’s shareholders at the general meeting held in November 2018.
 
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j.ballantyne1990-6AQqhLzZaK

McGrath Rebels acquisition by The Agency pushed back into 2019

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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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The Agency has gained a 40-year industry veteran and respected coach in Joe Abboud. 
He has been working as an agent for McGrath Estate Agents for the past decade in the Eastern Suburbs along with being a hands-on coach in the industry, providing one-on-one coaching for more than 20 agents a week.
His coaching dates back to the 1980s when he was appointed education officer for the REINSW’s Inner West division.
Thomas McGlynn, national director of sales, said Joe Abboud will be working with agents nationally, both within The Agency and across the industry, building unique programs tailored to individual agent’s needs.
His program starts with a minimum of seven hours spent with each agent followed by regular video conferencing meetings. Ongoing support is then provided by email and phone.
Abboud’s traditional real estate training relies heavily on process and looking at new technologies for connection.
His focus is on helping agents find a deeper connection with buyers and sellers by understanding how they are feeling and what they need to move on.
“In my opinion the market never changes only price.
"In what’s called a ‘boom’ market, there is limited stock, we are heading into a period where there will be a large selection of homes available, which is what buyers have been waiting for,” Abboud says.
"In today’s market there are many buyers who may have been active, and are now passive, what they need is an agent who will work closely with them, to help them find the home they love. It’s about matching qualified buyers with listings.” “I wanted to work with a brand that genuinely cares about its agents, this is The Agency mantra that has been proven since it launched,” Joe Abboud said.
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The Agency gains real estate veteran and coach Joe Abboud

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The Western Australia-based The Agency have finally 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>.
John Kolenda emerges as the key player, with his share holding rising from his initial 5.4 percent on the initial 684 million shares on issue.
After the latest deal the non-executive director John Kolenda will have a 19.9 percent stake, subject to shareholder approval. On Monday The Agency announced the <a href="/news/capital-raising-by-the-agency-for-mcgrath-rebels-imminent-announcement">acquisition was imminent</a>, with a trading halt put in place for the listed company.
The Agency have all up secured $13.4 million in new equity.
Shares were last trading at $0.11, and rose to $0.12 in early trading today.
There will be 103,808,962 shares on issue, along with 6,558,092 options.
Matt Lahood, who set up Top Level with fellow former McGrath agents, is set to be executive director and on The Agency board.
He said he sees many benefits linking the two businesses.
"The past 15 months has been a period of exceptional growth for both businesses, and we look forward to continuing on this upward trajectory with The Agency to become Australia's leading disruptive, high-growth real estate agency," Lahood said.
"The whole industry is watching and talking about us, because of what we have achieved, and I expect that interest to only intensify as the combined, well-funded, entity continues its growth momentum."
The document ts affirm the 75%-25% commission split for its agents.
"I am delighted to be supporting a business such as The Agency and I'm excited about its potential as a significant disruptive force in Australian real estate," Kolenda said.
Post fundraising and completion of Top Level acquisition, The Agency market capitalisation, at $0.30 per share, will be $30 million.
The Agency will comprise a national real estate business with two prominent brands (The Agency and Sell Lease Property).
They will have 300 sales representatives across Perth, Sydney, Melbourne and the Gold Coast, +4,000 properties under management and a mortgage book of over $1.1 billion.
The Agency's managing director Paul Niardone said the firm funding commitments was an important move for the company.
"This placement is a major step forward for The Agency, strengthening our balance sheet while providing us with the funds to progress the Top Level acquisition and expand The Agency and Sell Lease Property businesses nationally," Niardone said.
"It also provides funds for further acquisition opportunities in Western Australia and Sydney, where we have attracted a number of enquiries from Real Estate businesses wishing to merge into The Agency."
"The acquisition of Top Level will result in the addition of a highly experienced east coast real estate sales and project marketing team, significant property management portfolio and extensive sales pipeline.
"It is a game-changer for The Agency and will further cement our position as the fastest growing disruptive real estate group in the country.
"Top Level, which has been trading as 'The Agency' on the east coast of Australia since launching in March last year, has established, with our support, a significant business in a short period of time, surpassing our recruitment and sales targets.
"Combined, its founders - Matt Lahood, Ben Collier, Steven Chen, Shad Hassen and John Kolenda - bring over 100 years of real estate and finance experience to the business."
"Post the Top Level acquisition, the Company will have a strong footprint in the Perth and Sydney residential property markets, with offices in Melbourne and on the Gold Coast and plans to expand into Canberra, South Australia and further expand its Western Australian options."
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The Agency secure McGrath rebels Top Level with $8.4 million share placement

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The Agency's long awaited acquisition of the McGrath rebels Top Level Real Estate seems set to be completed mid-week.
The Western Australia based The Agency has been seeking the acquisition since February 2017, with numerous extensions being sought from the Matt Lahood-led agency.
The Agency had been seeking a $10 million capital raising to purchase Top Level.
It has yet to be revealed if they secured the intended $10 million funding for the outfit which was set up by a host of defecting McGrath agents at the start of 2017. 
The Agency have requested the ASX allow for a trading halt until the imminent announcement due Wednesday, then subject to shareholder approval.
"The trading halt is requested pending an announcement by the Company regarding the finalisation of funding agreements relating to a capital raising (a Condition Precedent under the Amended and Restated Binding Option Agreement to acquire Top Level Real Estate Pty Ltd)," the request read.
<div>Before the 9.25am announcement, the shares were trading at 0.11c, valuing the company at $7.5 million.</div>
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<div>The Agency shares fell to a record low 0.07c in June as the <a href="/news/the-agency-shares-hit-record-low-as-asx-seek-update">ASX sought an update from the company</a> after an unusually high two million shares were traded in back to back days.</div>
Market sources are saying the only remaining condition to the transaction is shareholder approval.
On completion, The Agency group will comprise a national real estate business having two prominent brands (The Agency and Sell Lease Property), along with 300 sales representatives across Perth, Sydney, Melbourne and the Gold Coast.
Earlier this month The Agency announced they had <a href="/news/losses-continue-at-the-agency">recorded the same annual losses as last year</a>, despite recording significantly higher revenue.
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Capital raising by The Agency for McGrath rebels imminent announcement

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Real estate disrupter The Agency has announced another $3.8 million loss, the same loss as last year.
The company reaffirmed its longheld intentions to proceed with the acquisition of the McGrath rebels outfit, Top Level Real Estate.
Details on Top Level sales activity were advised, noting since March 2017 Top level has recorded 693 sales with a value of $1.48 billion.
Top Level also has 3300 property under management.
Top Level now has 160 staff.
In April this year it had 90 staff, some 3380 properties under management, along with 390 sales, totalling around $695 million over the prior 12 plus months.
As at June last year, Top Level had 32 agents, 65 properties under management and 97 sales.
The financial update saw the Perth based company tell the ASX their Perth-based agencies achieved record revenues of $16.8 million, more than 75 percent up year on year as at June 2018.
They suggested the rise in revenue from $9.6 million last year was both organic growth, and via sales agent recruitment and agency acquisitions.
The Agency hired 185 sales agents to their offices and Sell Lease Property division, up from 50 from last year.
Click here <a href="https://www.propertyobserver.com.au/images/2018/9/3/agency2.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/2018/9/3/agency2.jpg" alt=""> 
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The Agency managing director Paul Niardone said the company was in a sustained growth phase.
“The Agency, which has only been operating for two years, is in a sustained growth phase and therefore has made significant investment in expanding its business, even though organic growth via recruitment had played a major part we have invested in acquisitions, in technology and in our people and processes,” Niardone said.
“We have also used our cashflows to fund the establishment and staffing of two offices, one in Albert Park in Victoria and on the Gold Coast, which we believe will add revenue to our business in future financial years.
“In a market where real estate companies are contracting or seeing little to no growth, we are achieving strong revenue growth across all business units in our Group.
"We are confident that this will continue via organic growth which is driven by recruitment due to the attractiveness of our model.
"This combined with strategic acquisitions and the planned merging of Top Level (The Agency East Coast) will continue to contribute future high growth ,” he added.
The Agency was awarded Top Office for Listings Sold and Top Office by Value Sold in Western Australia for 2018 at the annual REIWA.com Awards, held on Saturday 25th August 2018 in Perth.
It reported 667 sales worth over $400 million for the past 12 months.
Shares rose in trade this morning from 0.014 to 0.016, a rise of 14 percent.
The company was listed in late 2016 on the ASX.
 
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Losses continue at The Agency

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The ASX has sought an update from The Agency after their shares fell to a record low after unusual share trading activity on the stock exchange.
In back to back days there have been two million plus shares traded each day. The average volume has recently been 500,000.
Shares fell to a record $0.007 low yesterday but bounced back this morning to $0.008. They were trading at $0.009 when they opened on Thursday morning.
Trading has continued to be unusually high, and The Agency's company secretary Stuart Usher responded that they had no information or reason for the spike in activity and there were no pending announcements that the ASX should be aware of.
"I confirm that I have delegated authority of the board to respond to ASX on disclosure matters and that the responses have been approved by the managing director," the response read.
The sharemarket awaits The Agency update on its success in financing its acquisition of the McGrath rebels outfit, Top Level. 
 
 
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