<p data-end="196" data-start="73">Melbourne-based developer <a href="https://www.apartments.com.au/developers/progressio-developments">Progressio Developments</a> has timed the launch of its latest residential project to perfection.</p>

<p data-end="567" data-start="198">Their new development, <a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest Camberwell</a>, taps into a significantly undersupplied market in Camberwell, where new apartment projects are increasingly rare. Progressio is not only filling that gap but also catering to a broader range of buyers—something that's uncommon in boutique apartment buildings, which typically feature uniform configurations and price points.</p>

<p data-end="741" data-start="569">Located on a prime Toorak Road site, just a short walk from the bustling Burke Road commercial strip, Crest Camberwell comprises just 12 exclusive apartments.</p>

<p>[smartcode_project:default project_id=9177 project_image_fid=350647]</p>

<p>Prices at <a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest Camberwell</a> start at $770,000 for the one-bedroom apartments. The two-beds are priced at $1.49 million, and the large three-bedroom residences, with two parking spaces, are $1.66 million.</p>

<p>Designed by Melbourne-based architecture studio <a href="https://www.apartments.com.au/architects/splinter-society">Splinter Society</a>, Crest’s architectural expression draws on Camberwell’s heritage character, incorporating brick-inspired materials and bronze detailing.&nbsp;</p>

<p>The building’s massing and orientation are designed to capture green views while integrating with the established streetscape.&nbsp;Natural materials including travertine, textured concrete and timber feature throughout, both externally and internally.</p>

<p>[smartcode_project:default project_id=9177 project_image_fid=350647]</p>

<p>The interiors prioritise scale and natural light, with open-plan layouts that extend to large balconies equipped with full-height sliding doors.&nbsp;</p>

<p>Integrated appliances from Fisher &amp; Paykel and V-ZUG, along with custom joinery, brass tapware and stone benchtops, are standard inclusions across all residences.&nbsp;</p>

<p>[smartcode_project:default project_id=9177 project_image_fid=350650]</p>

<p><a href="https://www.apartments.com.au/new-apartments/crest-camberwell-936-938-toorak-road-camberwell-vic-3146">Crest</a> incorporates landscape design by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, with a focus on low-maintenance planting and visual cohesion between the building and surrounding environment.&nbsp;</p>

<p>At ground level, greenery softens the building’s street presence and enhances resident privacy.</p>

<p>The development has been designed with energy efficiency in mind, achieving a 7-star rating. Features include double glazing, solar passive design principles, and materials selected for thermal performance and durability.</p>

<p>Farey &amp; Co is marketing Crest Camberwell. They are fielding enquiry from local downsizers predominantly, those who are looking for a well-located apartment in a small block with few neighbours.</p>

<p>[smartcode_project_cta:default project_id=9177]</p>


Joel Robinson

Crest Camberwell fills low-density gap in prestigious suburb

<p>Development approval has been granted for the $665 million expansion of <a href="https://www.apartments.com.au/new-apartments/trinity-point-estate-81-trinity-point-drive-morisset-park">Trinity Point</a>, marking a major milestone for what is set to become one of Australia’s largest waterfront developments.&nbsp;</p>

<p>Located on a 23-hectare site on Lake Macquarie, the masterplanned community by <a href="https://www.apartments.com.au/developers/johnson-property-group">Johnson Property Group</a> will introduce a new scale of coastal living to the region, underpinned by sustainability, landscape-led design, and a focus on placemaking.</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada Architects</a> with landscaping by <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, the development will deliver a 153-room luxury hotel, 160 waterfront apartments, and a mix of retail, dining, wellness, and conference facilities. Key features include two 300-seat signature restaurants, a spa and wellness offering, a 300-seat function room, and a collection of pools, bars, and landscaped public areas.</p>

<p>“This project is about putting Lake Macquarie on the global stage,” said Keith Johnson, Founder of Johnson Property Group. “We’re not just building something beautiful, we’re creating a destination that showcases the very best of the region.”</p>

<p><img alt="Trinity Point Estate - 81 Trinity Point Drive, Morisset Park" data-entity-type="file" data-entity-uuid="0775e02c-5402-46e4-ba48-e4bbf087a923" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/68218522911bbca3fbe25939_67d2081d6ce812cf2a9c3fb8_KOIC11165_Trinity%20Point%20-%20Addendum_E01_View%20from%20water_A3_croppped.jpg?VersionId=8Q2yOSwSOvMK7qBawrTLbahtavm5eyH1" /></p>

<p>The project’s architecture and landscape design are deeply informed by the natural and cultural context of the site. Arcadia undertook a Connection with Country workshop in collaboration with local Elders to understand the stories of land and water, resulting in a landscape approach that honours the Awabakal people's cultural heritage.</p>

<p>Trinity Point was historically significant for its Aboriginal occupation, providing food and spiritual connection through its relationship with Lake Macquarie and the surrounding Watagan Mountains.&nbsp;</p>

<p>Arcadia’s design response incorporates native planting, sculptural elements, viewing decks, and materials that reflect the surrounding ridgelines and sandstone outcrops.</p>

<p><img alt="Trinity Point Estate - 81 Trinity Point Drive, Morisset Park" data-entity-type="file" data-entity-uuid="c4db7d3a-3a03-4834-a9e0-cc74dc60ac64" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/6888542fa954f63bd565c684_IN03_Hotel%20To%20View_A3RGB.jpg?VersionId=IXgYtO5fI3xveOG0ZRq.LuNA__GJOoeC" /></p>

<p>With the Central Coast and Lake Macquarie region experiencing strong population growth and increased interest from owner-occupiers and lifestyle-focused buyers, Trinity Point responds to a clear demand for high-quality, amenity-rich housing.&nbsp;</p>

<p>The project is expected to inject over $588 million into the local economy through construction contracts and long-term employment once operational.</p>

<p>Already home to the 94-berth Trinity Point marina and the acclaimed ‘8 at Trinity’ restaurant, the next stage cements the area’s evolution into a premium lifestyle destination.&nbsp; An expanded marina (up to 188 berths) and new wellness and hospitality offerings will support both local and visitor demand.</p>

<p>[smartcode_project_cta:default project_id=14893]</p>


Trinity Point’s $665 million masterplan approved in Lake Macquarie

<p>The NSW Government will take the lead in rezoning the Burwood North Metro Precinct, that could deliver around 15,000 new homes near the future Sydney Metro station, creating new housing and job opportunities close to transport and services.<br />
<br />
The new Burwood North Metro Station provides a once-in-a-generation opportunity to create a thriving inner-west precinct near a world class metro line, just four stations away from the Sydney CBD.<br />
<br />
Centred around the new Burwood North Metro Station, the rezoning will deliver a new precinct supported by major public transport links and open space, while rejuvenating another part of the Parramatta Road corridor.<br />
<br />
The current Burwood train station and Parramatta Road bus links are also nearby, along with strong local schools and shopping precincts, with the Parramatta River a short distance away.<br />
<br />
Burwood Council and Canada Bay Council have both progressed individual masterplans to deliver homes in their Local Government Areas. The NSW Government will build upon the Councils’ plans as well as identify further opportunities for residential growth to better respond to the future Sydney Metro station.<br />
<br />
The rezoning is being progressed through the State Significant Rezoning Pathway, which was introduced by the Minns Government to fast-track major rezoning proposals. The State Significant Rezoning Policy, introduced in September 2024, fast tracks the rezoning of key precincts, and existing planning proposals delayed in the planning system.<br />
<br />
NSW is in need of bold housing solutions. Sydney is the second least affordable city in the world, with house prices having significantly outstripped wage growth over the last two decades.<br />
<br />
A key focus of the state-led rezoning will be to deliver precinct-wide infrastructure that will enable essential services and amenities to be delivered alongside the new housing.<br />
<br />
The Department of Planning, Housing and Infrastructure will now work with both councils and the relevant state government agencies to progress the rezoning, with a draft masterplan expected to be exhibited in the first half of 2026. This will be followed by a final precinct masterplan, at which stage development applications can be lodged under the new planning controls.<br />
<br />
This new site builds on the NSW Government’s earlier announcements of state-led and state-assessed rezoning projects. To date, 25 projects have been progressed as state rezonings, with the potential to enable the delivery of an estimated 60,000 homes and 68,000 jobs.</p>

<p>The Urban Development Institute of Australia (UDIA) NSW, says the NSW Government’s decision to lead the rezoning of Burwood is an essential move to unlocking much needed housing supply, accelerating the planning system, and ensuring coordinated infrastructure delivery.&nbsp;</p>

<p>“The NSW rezoning process is currently one of the slowest in the country. Any action that helps to speed this up, particularly in well-located areas like Burwood North, should be welcomed,” said UDIA NSW CEO, Stuart Ayres.&nbsp;</p>

<p>“New homes start with rezoned land. That’s why we’re encouraged to see the NSW Government stepping in to lead the process at Burwood North. The more the State can be involved in finalising these complex rezonings, especially where boundaries are shared, the better the outcomes for everyone."</p>


NSW Government to rezone Burwood North and trigger 15,000 new homes near future Sydney Metro Station

<p><a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, in partnership with Hankyu Hanshin Properties, has achieved strong sales success with the launch of <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a>, the most elevated and luxurious release to date in the $5 billion Melrose Park masterplanned community in north-west Sydney.</p>

<p>Around $30 million worth of apartments, across 35 sales, was secured within four hours of the release, marking one of the strongest launch results at <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a>. Priced between $645,000 and $1.5 million, Aeris set a new benchmark for the precinct, with two-bedroom apartments eclipsing the $1 million mark, significantly higher than comparable offerings in previous stages.</p>

<p>[smartcode_project:default project_id=426 project_image_fid=4945]</p>

<p>Veronica Papaianni, Sales Manager, Apartment &amp; Mixed-Use Developments at Sekisui House Australia, said the sales results confirmed both the strength of the market and the growing demand for premium apartments in master planned communities.</p>

<p>“Aeris captured the attention of buyers with its elevated location, luxury finishes and new product types including two-bedroom residences with dedicated multipurpose rooms, a first for Melrose Park,”&nbsp;Papaianni says.</p>

<p>“The response was immediate with over 200 people attending the launch and 35 apartments sold launch day. Owner occupiers made up over half of all purchasers, an exceptional outcome for a high-rise apartment building and a strong indicator of the desirability of Aeris as a place to live, not just invest."</p>

<p>[smartcode_project:default project_id=426 project_image_fid=4946]</p>

<p>Apartments sold were evenly split between one and two-bedroom configurations, with strong demand from young couples, professionals, downsizers and first home buyers. The introduction of adaptable layouts, such as dual key and multi-generational residences, also expanded buyer interest.</p>

<p>“The record result builds on renewed buyer confidence following two interest rate cuts earlier this year, with another cut widely anticipated next week,"&nbsp;Papaianni added.</p>

<p>"The interest rate reductions have definitely contributed to the sales momentum and buyer optimism. We are seeing more people engage with the market, particularly owner occupiers who feel now is the right time to secure a high-quality home in a future focused location.”</p>

<p>[smartcode_project:default project_id=426 project_image_fid=4948]</p>

<p>Positioned at the highest point of the 30-hectare Melrose Park site, Aeris offers panoramic views of the Parramatta River, Sydney Olympic Parklands and the surrounding neighbourhood. Every apartment includes Miele appliances, timber flooring and smart home integration with residents enjoying access to a rooftop pool, gym and outdoor cinema.</p>

<p>“The success of Aeris further elevates Melrose Park’s standing in Sydney’s competitive property landscape. Aeris reaffirms Melrose Park’s position as one of Sydney’s most ambitious urban renewal projects," Papaianni continued.</p>

<p>"Its green spaces, future Town Centre (set to open in 2026), Melrose Park High School and connectivity to the Parramatta Light Rail Stage 2 connection, make it a highly attractive proposition for both owner occupiers and investors.”</p>

<p>There will be 468 apartments across the 21- and 23-level towers. Only the first of Aeris’s two towers has been released to date, with the next release expected in early 2026.</p>

<p>Construction of Aeris is anticipated to commence in late 2025, with the first lower tower due for completion in Q4 2027 and the second tower expected in 2028.</p>

<p>[smartcode_project_cta:default project_id=426]</p>


Apartments sold were evenly split between one and two-bedroom configurations, with strong demand from young couples, professionals, downsizers and first home buyers

Strong buyer response to Aeris, Melrose Park’s latest stage

<p data-pm-slice="0 0 []">Melbourne is continuing its bounce-back from bottoming out of the property market earlier this year.</p>

<p data-pm-slice="0 0 []">The gains are modest, but have been continuous now for the last three months. Dwelling values, which incorporate both houses and units, rose 0.4 per cent in July, according to Cotality's latest Home Value Index.</p>

<p data-pm-slice="0 0 []">Unit values lifted 0.4 per cent over the month, following gains of 0.3 per cent in June and 0.4 per cent in May.</p>

<p>On an annual basis, Melbourne unit values are still 0.8 per cent below where they stood a year ago, highlighting the lag in the apartment sector’s post-pandemic recovery.</p>

<p>Median unit values now sit at $621,281, while Melbourne’s house median is $952,339, a gap of over $330,000.</p>

<p>Melbourne’s quarterly growth of 1.2 per cent across all dwellings placed it behind most capitals, though the broader mood is lifting with rate cuts and construction confidence slowly returning to the market. Cotality notes that the supply-demand imbalance remains a key driver of price resilience, with listings well below average and annual sales slightly above trend.</p>

<h2>What happened in Melbourne’s off the plan apartment market in July?</h2>

<p>There were key milestones across several major developments in Melbourne over July, from new releases to construction advancements, in both Bayside and Melbourne's inner ring.</p>

<p><a href="https://www.apartments.com.au/developers/gamuda-land">Gamuda Land</a> topped out <a href="https://www.apartments.com.au/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda-vic-3182">Fareham</a>, its sculptural residential tower on St Kilda Road.</p>

<p><a href="https://www.apartments.com.au/builders/markscon">Markscon</a> has completed the 16-storey structure and remains on track to deliver the entire building by early 2026.</p>

<p>[smartcode_project:default project_id=137950 project_image_fid=281436]</p>

<p>“Topping out marks more than just structural progress - it represents our long-term vision to create sustainable, well-integrated neighbourhoods that add real value to the communities around them,” said Jess Teng, Chief Operating officer, Gamuda Land.</p>

<p>Fareham, one of the few new developments currently on the market in St Kilda, responds directly to its location along the iconic St Kilda Road. The project is targeting an average 8-star NatHERS rating, well above standard requirements for new apartment buildings.</p>

<p><em><strong>Read more: <a href="https://www.apartments.com.au/news/vic/gamuda-land-tops-out-fareham-on-st-kilda-rd">Gamuda Land tops out Fareham on St Kilda Rd</a></strong></em></p>

<p>In the inner north, <a href="https://www.apartments.com.au/developers/beulah">Beulah</a> revealed a new sustainable townhouse collection at its <a href="https://www.apartments.com.au/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> precinct.</p>

<p>The collection, known as ‘The Courtyard House’, has been created in collaboration with <a href="https://www.apartments.com.au/architects/six-degrees-architects">Six Degrees Architects</a> to meet the evolving needs of modern families.</p>

<p>The release comprises 15 two and three-bedroom homes centred on a communal courtyard.</p>

<p>[smartcode_project:default project_id=136451 project_image_fid=270371]</p>

<p>With a central courtyard at its heart, the design reimagines the possibilities of multi-generational living, blending flexibility, sustainability and personalisation within a heritage setting. Distinct from a traditional garden, the courtyard delivers natural light, fresh air and a generous sense of space, without the upkeep of a backyard.</p>

<p>“The modern home should flow from inside to outside - the courtyard provides a space which joins the different parts of the home together as the central outside space of the home,” explains Six Degrees Director, Peter Malatt.</p>

<p>Brunswick Established is now 70 per cent sold.</p>

<p><em><strong>Read more: <a href="https://www.apartments.com.au/news/vic/beulah-release-sustainable-courtyard-townhouse-collection-at-brunswick-established">Beulah release sustainable courtyard townhouse collection at Brunswick Established</a></strong></em></p>

<p>In Melbourne's west, <a href="https://www.apartments.com.au/developers/spacious-property-development-group-pty-ltd">Spacious Property Development Group</a> confirmed that residents will begin moving into <a href="https://www.apartments.com.au/new-apartments/voyage-altona-102-106-pier-street-altona-vic-3018">Voyage Altona</a> this spring, as builder Ironside pushes through final works.</p>

<p>Positioned within the <a href="https://www.apartments.com.au/developments/altona-vic-3018">Altona</a> waterfront precinct, Voyage offers coastal apartments set within landscaped surrounds. Voyage is the only new apartment offering currently on the market in Altona.</p>

<p>[smartcode_project:default project_id=112195 project_image_fid=2146]</p>

<p>The developer flagged the start of settlements as a key moment for the precinct, which forms part of a broader long-term vision for Altona’s transformation.</p>

<p>Prices start from just over $500,000 for one-bedroom apartments, with three-bedroom configurations topping out just over the $1 million mark.</p>

<p><em><strong>Read more: <a href="https://www.apartments.com.au/news/vic/buyers-to-move-into-voyage-altona-this-spring">Buyers to move into Voyage Altona this Spring</a></strong></em></p>


City Beat July 2025: Melbourne values continue to trend upwards

Echuca

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<p><span>Positive conditions have instilled a high degree of confidence in the Echuca and Deniliquin regions, according to the valuation firm Herron Todd White’s latest rural report.</span></p>
<p><span>A well above average season in regard to crop and fodder is expected due to most of the area receiving around 100 millimetres of rain throughout autumn, plus good follow-up winter rainfall, says HTW director John Henderson.</span></p>
<p><span>“The overall result of this confidence in the seasonal outlook in the area has translated to a rising market”, Henderson said.</span></p>
<p><span>Some degree of uncertainty about the outlook for commodity prices in the short-term remains.</span></p>
<p><span>The report noted recent sales that showed a $1,000 per hectare rise, including a batch of well-developed irrigation properties close-by the Finley district sold for $5,435 to $6,175 per hectare.</span></p>
<p><span>This is compared to similar properties which sold for $4,570 to $5,065 per hectare in December 2018 to February 2019.</span></p>
<p><span>“The rising market is a feature of most of southwest New South Wales and northern Victoria, with agents reporting strong enquiry in the region.”</span></p>
<p><span>The general outlook for the region is for rural values to continue to rise.</span></p>
<p><span>However, the report notes that uncertainty around key commodity prices may start to influence decision-making in the near future.</span></p>
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Rural values continue to rise in the Echuca and Deniliquin regions: HTW Rural

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<div class="column"><span>A good autumn with most of the area receiving around 100 millimetres of rain during March and early April has instilled early confidence in a reasonable season in the Echuca and Deniliquin markets, according to the June Herron Todd White (HTW) rural report. </span></div>
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<div class="column"><span>The valuation firm looked at the influence of trade wars, pandemic outcomes and commodity prices on the rural sector, and provided an update of how rural real estate is performing across locations and industries. </span></div>
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<span>Combined with the long term forecast of good rains for the 2020 winter season, the general outlook for the rural sector is good, the report noted. </span>
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<div class="column"><span>Locally, farmers are quite confident of a good season and reasonable commodity prices despite the obvious impact of COVID-19.</span></div>
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<div class="column"><span>Agents are reporting a gradual increase in enquiry for rural property over the past month or so that will no doubt translate into a gradual improvement in sales activity.</span></div>
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<div class="column"><span>"We are aware of two sales contracted in late March that are at levels similar to pre COVID-19."</span></div>
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<div class="column"><span>A significant influence in the market has been the low interest rates and the perception that interest rates will remain at or around this level for the foreseeable future," the valuation firm said. </span></div>
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<div class="column"><span>A mixed irrigation and dryland holding to the south of Deniliquin contracted for sale in April 2020 for about $10 million, showing around $2450 per hectare excluding water. </span></div>
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<div class="column"><span>The purchasers were local farmers, indicating plenty of confidence and strength in the market place, the report notes. </span></div>
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<div class="column"><span>"At this point in time, the general outlook for rural values in the area is for values to steady or see a slight rise," the valuation firm said. </span></div>
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<div class="column"><span>A Carag Carag farm has recently been sold for $335,000.</span></div>
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<div class="column"><span>The property at 662 Blamey Road (pictured below) features four bedroom homestead, colorbond shed, internal fencing and native garden. 'Currently the farm is used for grazing stock.</span></div>
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<div class="column"><span>A current listing is Yallum Vale, a 422ha Dairy farm in Echuca priced at $3.8 million.</span></div>
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<div class="column"><span>The 1151 McKenzie Road property (pictured below) includes two homes on separate titles, 50-stand rotary dairy and machinery shed. </span></div>
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<span>It is located just 10 minutes south east of Echuca. </span>
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Echuca and Deniliquin rural markets remains steady: HTW rural

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<p>The auction of the Moama district farming property, Kinrara has been listed for auction.</p>
<p>Set at 118 Ripper Road, about 30 kilometres north of Moama-Echuca, the property is 280 hectares (693 acres).</p>
<p>Agents expect it will attract interest because it has been certified organic by the accredited NASAA (National Association for Sustainable Agriculture Australia) whose standard ensures organic integrity from paddock to plate.</p>
<p>Currently, organically accredited products such as hay, grains or pulse crops are selling for double normal market rates and there is also significant supply chain demand for sheep or cattle that are organically produced.</p>
<p>The Kinrara property will be auctioned by Rodwells Ruralco Property on February 22.</p>
<p>Rodwells Ruralco selling agent Andrew Miller says that the property is being offered on behalf of the Hehir family who have held the property since 1998, but had leased it for eight years prior to purchase.</p>
<p>They undertook the three-year long process to secure the NASAA organic accreditation.</p>
<p>“The vendors have dairy farming interests in northern Victoria and have principally been using the Kinrara property to produce supplementary pasture products under irrigation to support their organic milk dairy production, as well as rearing young stock and wintering dairy cows,” said Miller. </p>
<p>“But they have recently secured another holding that adjoins their home farm, so that Kinrara has become surplus to their needs, hence its offer for auction sale.”</p>
<p>Miller says that the formalisation of organic production of both dairy products and livestock confers significant value to an accredited farm like Kinrara.</p>
<p>As well this property is suitable for cropping and would also support sheep or cattle production as it has significant infrastructure in place.</p>
<p>Kinrara will be offered with the successful purchaser having the first option to purchase at market rates the significant water right of 666 megalitres of NSW General Security water which is sourced from the Moira channel which adjoins a boundary of the holding. </p>
<p>The water entitlement is considered double the normal district farm entitlements and resulted from the consolidation of two local property entitlements many years ago.</p>
<p>In addition, there is also an 8 megalitre Stock &amp; Domestic water right.</p>
<p>During their ownership the vendors have developed a high capacity and high flow flood irrigation system over about 211 hectares. </p>
<p>The further land area of 60 hectares is used for dryland grazing and is mostly suitable for cropping.</p>
<p>The holding is subdivided into nineteen paddocks, all electric fenced, with an internal gravel laneway system that facilitates year-round access and enables operational efficiency even in the wettest winters.</p>
<p>The property has a 40 megalitre capacity turkey nest dam which can be gravity filled from the Moira channel system with all runoff from irrigation recycled back to the sumps at the dam m where it can be reused.</p>
<p>The water resources are also used effectively with two-inch poly pipe mains to concrete troughs in every paddock served by an electric pressure pump. </p>
<p>There are dams in 10 of the paddocks while numerous box trees were retained for stock shelter and to enhance the presentation of the farm.</p>
<p>The property benefits from all-weather access while there are stock handling facilities of a shearing shed, new cattle yards and loading ramp beneath a very large Moreton Bay fig tree.</p>
<p>Buildings include an original unused homestead, with a transportable two bedroom living unit with appropriate services on the holding.</p>
<p>Three phase power is on the property which makes it attractive to intensely irrigated horticultural pursuits such as tomatoes or alternative tree crops.</p>
<p>The property is rectangular in shape with good road frontages on two boundaries.</p>
<p>Prior to outright acquisition in 1998 by the Hehir family the property was owned for many decades by the late Stan Jasper who with his wife lived modestly on the property and conducted a low impact farming regime, principally sheep and later to agist dairy cattle.</p>
<p><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/2019/1/10/RURALCO%20KINRARA%20MOIRA%20CHANNEL.jpg" alt=""></p>
<p>With an aversion to cultivation or chemical use, this historic approach facilitated the conversion to organic. </p>
<p>Miller notes that: “strong swards of sub clover and ryegrass have been managed over the last twenty years with a small cropping area, most recently of high yield vetch that was harvested in the 2018 spring. </p>
<p>“Lucerne has also been established on the irrigated pastures after cropping and grown as summer green feed without irrigation to supply a large flush of autumn feed following the seasonal break or after further irrigation.</p>
<p>“The success of the lucerne is put down to roots beyond three metres reflecting the high value of the soils under the organic regime.”</p>
<p>The Hehir family has typically run 300 to 450 head of dairy cattle on Kinrara over the winter and cut 2,000 bales of clover dominant hay in most years. </p>
<p>Surveys have established the organic matter of Kinrara’s soils in the range of 3.17 to 4.65% that is approximately double that of district farms. </p>
<p><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/2019/1/10/RURALCO%20KINRARA%20PASTURES.jpg" alt=""></p>
<p>Miller adds he has assessed the land value as in the region of $1,350 per acre.</p>
<p>“Nothing like this holding has come on to the market in this district in recent years nor is there anything of similar productivity expected to become available.”</p>
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Organic Echuca-Moama region farm listed for auction

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<p>A section of the old Echuca Post Office in northern Victoria is set to go to auction mid December.</p>
<p>The part for sale is a ground floor cafe, currently leased to the Café 3564 Wine Bar &amp; Tapa, as well as upstairs accomodation with two ensuited bedrooms. There's a third ensuited bedroom on the ground floor.</p>
<p>The ground floor comprises an atrium-style function room with an outdoor paved dining space with its own bar area.</p>
<p>Other parts of the building may also be for sale subject to private negotiations, and first right to negotiate will be offered to the successful purchaser.</p>
<p>Making up the other part of the building is a cafe with outdoor seating at the front, four more residences, as well as a ground floor retail space.</p>
<p>On the <a href="https://www.realcommercial.com.au/property-retail-vic-echuca-503014302" target="_blank">corner of Hare Street and Anstruther Street</a>, the Echuca Post Office dates back to the 1870s, when the two storey building with a clock tower over the entrance door was built.</p>
<p><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/2018/11/20/echuha2.jpg" alt=""></p>
<p>The ground floor features a formal entry hallway, a master bedroom with full ensuite, a dressing room and a study/office.<br> <br>There's a large lounge/dining room with atrium and a timber ceiling design that was formerly the sorting room for the post office. There's also a more modern extension with open kitchen/dining/lounge room with separate laundry/toilet.</p>
<p>Ray White Commercial Oakleigh agent Ryan Amler and Joshua Colosimo are handling the marketing in conjunction with Ray White Echuca's Stephen Morgan for a December 14 auction.</p>
<p>Amler said potential buyers will be blown away by how rare the opportunity is and the income returns that are on offer.<br> <br>"Put simply, buildings of this calibre and location don't come around very often," he said.<br> <br>"The Old Echuca Post office, complete with its own clocktower, was constructed circa 1875 and underwent a full refurbishment by the current owners for which they received recognition through the Victorian building awards.<br> <br>“The 429 sqm part of the building has Commercial 1 Zoning and provides a combined rental return of $60,480 p.a. net with 10 per cent annual increases." </p>
<p>The current freehold premises of the Echuca Post Office has recently sold through Teska Carson.</p>
<p>The property at <a href="https://www.commercialrealestate.com.au/property/227-pakenham-street-echuca-vic-3564-2014623155" target="_blank">227 Pakenham Street</a> is currently leased to Australia Post and is part of Echuca's retail and business precinct.</p>
<p>It comprises a single-storey, double fronted building of nearly 300 sqm on a 440 sqm site zoned Commercial 1.</p>
<p>The property was sold sibject to a five year lease, with a five year option, from July 2015 to Australia Post at $88,056 per annum, with annual three percent rent reviews.</p>
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Part of the old Echuca Post Office set to go under the hammer

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<p>A near-new petrol station in Echuca has sold for $7.5million on a 6.5% yield.</p>
<p>Property industry players Peter Spargo and Bill Guest were the vendors of the 161-189 Ogilvie Avenue property.</p>
<p>It is leased to United Petroleum and Hungry Jacks until 2028 with options to extend.</p>
<p>The site contains a 1,191 square metre building on a 5,240 square metre site.</p>
<p>Colliers International’s Daniel Wolman, Anthony Kirwan and Harry Bui in conjunction with Melcorp Commercial’s Paul Jones and Tim Spargo sold the property via an expression of interest campaign.</p>
<p>“The collaborative approach to the sales campaign for this regionally located property proved to be highly successful, with multiple offers received at the conclusion of the EOI process,” Wolman said.  </p>
<p>“The successful purchaser, a private investor from Victoria, acquired the property for $7.5million, a sale price which reflects a tight regional yield of 6.7%. </p>
<p>“The sale, which has set a new benchmark for the local property market, is another sign that despite a reported cooling in market conditions and funding concerns, the market is still awash with cash buyers and is highly competitive.” </p>
<p>Kirwan said buyers were increasingly looking for alternative investment options. </p>
<p>“The major appeal of this asset was the high calibre tenant covenant, fixed income growth and the fact that having been so recently developed, an astute buyer could reap the rewards of newly constructed improvements and great depreciation benefits,” he said. </p>
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Near-new Echuca service station sold for $7.5 million

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<p>The season is precariously placed along the border region with many requiring significant falls to guarantee crops, according to the latest Herron Todd White rural report.</p>
<p>The valuation firm stated, historical management and resulting soil condition has never been more evident than the current season with paddocks either side of some roads showing substantially different vigour and harvest potential reflecting the organic matter content, sowing times and general management practices.</p>
<p>As one farmer in the Riverina said in the second week of August “if we don’t get rain in the next two weeks, the crop will be finished”.</p>
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<p>Valuer David Leeds concludes by noting "a sharp rise in allocation water prices will be likewise creating some difficult decisions for those with irrigation development weighing up the likely final commodity prices with the opportunity cost of irrigating versus selling their allocation on the market."</p>
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Echuca precariously rainfall reliant: HTW rural

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<p><span>Buoyed by the rising value of water, irrigated cropping and grazing holdings continue to be strong performers with agents reporting good demand and prices regularly exceeding vendor expectations, <span>according to the latest Herron Todd White rural </span><span>report.</span></span></p>
<p>This has been a continuing trend for nearly 12 months, the valuation firm advised.</p>
<p>:As one vendor recently noted, they anticipated to realize in excess of $1.1 million when the property was offered to market.</p>
<p>"After 24 hours, the property sold to several neighbours for an amount in excess of $2 million."</p>
<p>Discussions with an agent indicated a selling price 10% to 15% in excess of the initial list price (three months ago) albeit with a significant water component.</p>
<p>Recent sales include a Lockington mixed farming enterprise situated between Echuca and Lockington in Northern Victoria.</p>
<p>It was sold for $1 million in May.</p>
<p><a href="https://www.realestate.com.au/sold/property-mixed+farming-vic-lockington-7543867" target="_blank">Located at 2361 Whinfield Rd</a> (pictured above), the property comprises 144 hectares on three separate titles. </p>
<p>The home block on 32 hectares has three bedrooms, and Lot 2 has a brick home on 64 hectares.</p>
<p>The third Lot is 47 acres of lasered cropping and grazing country. </p>
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Echuca market exceeding vendor expectations: HTW

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<p>Echuca has been buoyed by the rising value of water, irrigated cropping and grazing holdings, according to the latest report from Herron Todd White (HTW).</p>
<p>The valuation firm found that this has been a continuing trend for nearly 12 months with agents reporting good demand and prices regularly exceeding vendor expectations.</p>
<p>"As one vendor interviewed recently noted, they anticipated to realize in excess of $1.1 million when the property was offered to market," the HTW valuers stated.</p>
<p>After 24 hours, the property sold to several neighbours for an amount in excess of $2 million.</p>
<p>The report noted agents indicating a selling price 10% to 15% in excess of the initial list price (three months ago) albeit with a significant water component.</p>
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Echuca agents indicating selling prices 10% to 15% above initial listing: HTW

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<p>The Echuca residential market has shown no signs of slowing down after a year of further tightening and an increase in off market sales as agents have multiple buyers interested in property before it hits the market.</p>
<p>In many instances this resulted in the asking price or a touch stronger being achieved, HTW's latest report noted.</p>
<p>The valuation firm advised it was consistent across almost all Eucuca market segments with tightening market conditions spreading into rural residential holdings which historically required marginally longer selling periods.</p>
<p>Land sales west of Echuca have been well received amid limited competing supply while Moama has continued to see significant development.</p>
<p>"Nevertheless there is still an imperative to having properties listed correctly with older stock at secondary locations probably being the only slight drag on the market," the HTW report advised.</p>
<p>"Builders are busy and the market is likely to stay tight for some time, particularly the rental market on the back of commencement of the second bridge." </p>
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New bridge boost for Echuca residential rental market: HTW

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<p>Sales rates for medium sized irrigation properties at between $500,000 to $1.5 million around irrigation has had strong improvement in the Echuca region, according to Herron Todd White.</p>
<p>HTW said value levels appear to be edging higher for irrigation holdings and it will be interesting to see how this progresses under the current water resource position across the irrigation districts.</p>
<p>"An improved forecast for farm gate milk price may spurn some interest though it is likely that most producers will have work to do to regain ground lost in the 2016/17 season," HTW said.</p>
<p>A 7.1 acre property at <a href="https://www.realestate.com.au/property-house-vic-echuca-126115282" target="_blank">133 Pianta Road Echuca</a> is on the market for between $499,000 and $548,000.</p>
<p><span>The property features two lockable sheds, a work shop or tack shed and a 3/4 meg Dam, with 4meg of high-security water.</span></p>
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