Why this house stands out from the residential crowd
2 min
Balmain put industrial heritage architecture on the map. But in a suburb known for its historic homes – mainly of the compact worker’s cottage variety – The Timber Mill stands out from the residential crowd.
What was once a humble but hardworking softwood mill on Beattie St is now a remarkable reimagined home thanks to the expertise of Carter Williamson Architects. Today the rustic warehouse is a freestanding three-storey house that is simultaneously an impressive gallery space, a secret sanctuary, and an architectural feat.
Listed with Cobden & Hayson duo Matthew Hayson and Rita Lopresti, the four-bedroom period property is expected to sell for around $6 million at its July 19 auction. According to Cotality records, the last time 106a Beattie St hit the market was in 2013 when it sold for $467,400, long before its monolithic transformation.
Sitting on a 255sq m block, the reimagined Balmain home has 245sq m of internal living space plus 131sq m of outdoor entertaining area.
The Timber Mill’s facade features a unique palette of steel, timber, and original brickwork that is an homage to the address’ industrial past. Throughout the home, there are more thoughtful nods to the building’s past such as the original industrial hopper that has been repurposed as a sculptural light fitting.
Tucked behind a cobblestone entry, the custom made timber pivot door opens to reveal an exceptional warehouse conversion.
A grand triple-height atrium makes a dramatic first impression, draws in oodles of natural light, while also highlighting the abundance of textures throughout; from reclaimed ironbark and polished concrete floors, to exposed beams and Corten steel surfaces.
Centre stage, anchoring the contemporary kitchen, there is a show-stopping 4m granite island bench, along with European appliances and a seamless flow through to the casual living and dining zone. This lower floor features a separate lounge room with seamless access to a private north-facing deck and established gardens. The lower level also houses a large family-friendly laundry and powder room.
Upstairs, there are four bedrooms including the primary suite with its lush treetop outlook, a wall of wardrobes, and a luxury ensuite inspired by a Turkish bathhouse. Both bathrooms and the powder room feature RogerSeller fixtures and mosaic floor to ceiling tiles.
Modern day additions that transplant the home into the 21st Century include underfloor heating, ducted and zoned air-conditioning, as well as a security system.
There is also rear lane access to a double garage and security.
On Beattie St, close to Ann Cashman Reserve, the rare residence is close to cafes, and is a short walk to bustling Darling St, its shopping and transport.
The Timber Mill at 106a Beattie St, Balmain will go to auction on July 19 with Cobden & Hayson agents, Matthew Hayson and Rita Lopresti.
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Office rents in Sydney, Melbourne and Brisbane are climbing at their fastest pace since the pandemic as tenants compete for premium CBD space amid tightening supply.
2 min
Australia’s major CBD office markets are recording some of their strongest rental growth since the pandemic, with businesses increasingly prioritising premium office space despite elevated geopolitical and economic uncertainty.
Knight Frank’s Australian Office Indicators Q1 2026 report found net effective rents in Sydney and Melbourne CBDs rose at their fastest annual pace since COVID-19, increasing 10.2 per cent and 6.8 per cent respectively over the 12 months to March.
Brisbane posted the strongest growth nationally, with net effective rents climbing 11.7 per cent over the same period.
The report points to a widening divide between prime CBD office towers and secondary office stock, as occupiers increasingly focus on quality, location and workplace amenity when making leasing decisions.
Knight Frank Senior Economist, Research & Consulting Alistair Read said demand remained heavily concentrated in premium assets within core CBD precincts, helping drive stronger rental growth in top-tier buildings.
“Occupier demand continues to be heavily concentrated in the most desirable CBD precincts and the highest-quality buildings, accelerating a sharp divergence between core and non-core markets,” Mr Read said.
According to the report, Sydney’s Core precinct and Melbourne’s Eastern Core significantly outperformed broader CBD markets over the past year.
“In Sydney’s Core precinct and Melbourne’s Eastern Core, net effective rents surged 14.3% and 16.1% over the past year, significantly outperforming the rest-of-CBD precincts,” Mr Read said.
The rental gap between prime and non-prime office locations has also continued to widen sharply.
“As a result, core CBD rents are now 54% higher than non-core locations in Sydney and 93% higher in Melbourne, highlighting the growing premium placed on amenity, accessibility and workplace quality,” he said.
Knight Frank said the strong rental growth across the major CBDs was being underpinned by a limited supply pipeline, with few new office developments expected to be delivered in the near term.
Mr Read said subdued construction activity was likely to support ongoing rental growth and tighter vacancy rates over the medium term, particularly for premium office towers.
“The combination of sustained demand and declining levels of new development will aid ongoing prime rental growth and lower vacancy rates over the medium term, particularly for best-in-class assets,” he said.
The report noted that current economic conditions were making new office developments increasingly difficult to justify financially.
“Economic rents remain well above expected market rents, making the construction of new office towers largely unviable, and concentrating tenant demand into existing buildings,” Mr Read said.
While suburban office markets generally remained subdued compared with CBDs, Melbourne’s Southbank precinct was identified as a relative outperformer, recording annual net effective rental growth of 2.7 per cent.
The report comes as broader Asia-Pacific office markets continue to stabilise following several years of disruption linked to hybrid work trends, inflation and rising interest rates.
Knight Frank’s separate Asia-Pacific Q1 2026 Office Highlights report found Sydney and Brisbane were among the strongest-performing office rental markets in the region, behind only Bengaluru and Tokyo for annual prime net face rental growth.
The Asia-Pacific report also found 18 of the 24 cities monitored across the region recorded stable or increasing rents in the first quarter of 2026, even as geopolitical uncertainty intensified following escalating conflict in the Middle East.
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