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Games 
While we’re passionate about property we do need to take a break now and then. We relish a bit of fun just as much as the next property nut. True to this spirit we found games with a property spin.
<a href="https://itunes.apple.com/us/app/my-town-2/id442345455?mt=8" target="_blank">MyTown</a> is a game that turns the real world in a monopoly board. Using the iPhone check-in system you can check-in into properties and decide if you want to buy them. Collect rent as more and more people visit the property. It’s really addictive. You can even make overseas investments as you build your digital empire. Plus it’s free. 
<a href="https://itunes.apple.com/au/app/real-estate-rumble/id469054082?mt=8" target="_blank">Real Estate Rumble</a> was created as a marketing tool for First National but it’s a fun little game. It’s simple but a good way to kill time waiting for the agent to turn up.
CommBank’s <a href="https://investorville.com.au" target="_blank">Investorville</a> is a real estate investment simulator where potential property investors can get a feel for what the market is like without risking their own money. It takes real world information and brings it into the game to create a realistic investment environment. With each round of the game there are changes to both the market and your personal circumstances that you must take into account. Thankfully the game doesn’t run in real time and the years skip forward in seconds. Good fun and an easy way to get your head around property if you’re a first time investor.
<a href="https://itunes.apple.com/us/app/millionaire-tycoon/id332424440?mt=8" target="_blank">Millionaire Tycoon</a> is a popular game for iPhone users. Inspired by Monopoly this game takes the idea a whole lot further. It’s good fun if you don’t mind the super-kitsch graphics but it does get progressively harder.
<a href="https://itunes.apple.com/us/app/tiny-tower/id422667065?mt=8" target="_blank">Tiny Tower</a> is a popular game where you build and manage a city tower. The 8-bit game lets you manage every aspect of your new building as you try and tempt new tenants and balanace the needs of everyone in the building.
Forget Angry Birds, <a href="https://in-deed.net/angry_buyers/" target="_blank">Angry Buyers</a> is essentially the same game but you get to load an estate agent, a property lawyer and a mortgage broker into a canon and fire them at shoddily built houses. Brilliant.
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House hunting
After looking at 16 houses on a home hunt they all start to blend into one another. One starts to forget just what exactly they were looking for and whether that Johnston Street property had two bathrooms, or was one just a toilet? You’re not alone in this frustration and a number of developers have stepped forward with various solutions for this problem.
<a href="https://itunes.apple.com/us/app/home-tracker/id311585587?mt=8" target="_blank">Home Tracker</a> is designed for people looking at multiple properties. It allows you to document each property in detail as you visit it as well as take photos, map properties and E-mail property information. It’s also useful for agents keeping track of multiple new properties. It has a niche and it serves it well. It costs $3.99 through the iTunes app store. 
<a href="https://itunes.apple.com/us/app/crumbtracks/id393477924?mt=8" target="_blank">CrumbTracks</a> is a similar offering to Home Tracker and is a perfect tool for people looking so many homes they lose track of them all. The app allows you to take photos and videos of properties you’re interested in.
<a href="https://itunes.apple.com/au/app/house-hunter/id445304335?mt=8" target="_blank">House Hunter</a> app helps keep track of properties viewed on a house hunt. It allows you to rate homes on various scales then filter them later through various features. Homes are rated for various attributes which you can prioritise based on your requirements and these are displayed on a scorecard. If your needs are so unique that are not included in their 80 options you can add them yourself. This gives you a quantitative data and keeps you true to your original goals in a house search. It comes with camera and GPS support.
<a href="https://itunes.apple.com/au/app/property-checklist/id446041813?mt=8" target="_blank">Property Checklist</a> – This is a similar idea to House Hunter with a somewhat simpler implementation. While it might not have the range of features available it is a little bit more intuitive to use, offering a simple yes/no checkbox system.
<a href="https://itunes.apple.com/au/app/360-panorama/id377342622?mt=8" target="_blank">360 Panorama</a> is an app for taking 360 degree panoramic photos of whatever you choose. This is ideal for agents showing properties to clients or for buyers capturing the whole detail of houses for later viewing. It’s not perfect and you’ll never get the results of a professional photographer but it does a very good job for a small cost of $0.99.
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Interior Design 
You’ve bought that old crumbling warehouse and it’s time to renovate, but what look do you go for? Interior design takes a huge amount of creativity and there are tools out there to help get your creativity flowing.
<a href="https://www.houzz.com/" target="_blank">Houzz</a> – The days of ripping pages out of magazines to make an interior design ideas scrapbook are over. This app has thousands of photos of any aspect of interior design one can imagine. This may sound like a nightmare to navigate but the developers have made it incredibly easy to bring up photos of exactly what you are after. Design ideas are arranged by keywords and categories and allow you to quickly and easily view hundreds of interior design ideas to inspire the design of your own house.
<a href="https://remodelista.com/" target="_blank">Remodelista</a> is a website of design ideas. There is post after post after post of beautiful content to get you thinking aesthetically. There are some really great ideas here, interspersed with a few naff ones.
<a href="https://www.dulux.com.au/colour/mycolour.aspx" target="_blank">Dulux My Colour</a> app – Take a photo of any colour and find out what the Dulux paint code is. If you want to paint your house the exact same shade of beige as North Richmond train station, just take a photo of it with this app and it’ll tell you what tin of paint to get. It works pretty well, depending on the lighting.
<a href="https://itunes.apple.com/au/app/handy-man-diy/id392541102?mt=8" target="_blank">Handy Man DIY</a> – This app makes DIY projects much simpler. It helps you keep track of projects around a property, provides guides on how to do certain ventures and helps you calculate materials and costs for various the projects. It’s a simple interface, it makes perfect sense and it makes DIY projects that much easier.
This <a href="https://dickson.ljhooker.com.au/selling/selling-checklist" target="_blank">guide from LJ Hooker</a> is a great way to get a quick overview to improve the look of your house and maximise selling price. 
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Juwai
Juwai is an international property listing site that caters exclusively to Mandarin speakers. It’s just recently launched and has more than 1 million property listings from more than 80,000 agents and developers in the USA, Australia, Canada, the United Kingdom and Japan. It also features guides on living and investing in Australia. It’s entirely in Mandarin and prices are displayed in local currency and Chinese Yuan.
Now it’s not the most beautiful website but the <a href="https://www.firb.gov.au/content/default.asp" target="_blank">foreign investment review board site</a> is required reading for foreign investors in Australia. It includes useful information and application forms for foreign investors.
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Know your agencies
It can be difficult to know which agency to go with when you’re looking to sell or rent your property. They all say they offer great deals and have the most experience in an area. It would be nice to be able to hear how other people found agents and perhaps read a couple of reviews.
<a href="https://ratethatagent.com.au" target="_blank">Rate That Agent</a> is a nice idea but it really lacks the user-base to make it a useful resource. The idea is that once you’ve dealt with a real estate agent, you log on to this website and give them a rating out of five plus a short review. These ratings are then used to rate agents and give sellers some sort of advice on which agents are worth their salt. It’s a nice idea but Property Observer struggled to find any reviews for any agents. It’s a catch-22 – to attract more users it needs a larger user-base.
<a href="https://hometruth.com.au/" target="_blank">Home Truth</a> is another real estate agent rating site but it’s more focussed on renters. Again it suffers from the same problems - there is simply a dearth of reviews. Interestingly it does allow users to review rental properties as well. So on the odd chance someone has reviewed a house or an agent before you move in you can get some warning as to what to expect.
<a href="https://www.productreview.com.au" target="_blank">Product Review</a> is a general review site that has a real estate section. Users reviewing agencies as opposed to individual agents which probably makes the website less prone to defamation law suits as well as a less aggressive atmosphere.
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Landlords and property managers
Landlords often wish to manage properties without the help of an agent. This requires keeping check on rent payments, managing multiple properties, recording communications, finding new tenants and possibly even writing your own contracts.  It’s hard work and not necessarily advised but there are sites and apps out there to help.
<a href="https://www.happyinspector.com/" target="_blank">Happy Inspector</a> - This Australian made app is a simple way to do property inspections very quickly. It takes minimal set-up and allows you to run through properties and generate reports with ease. The software allows you to take photos of damage and keep notes on each property as well as track upcoming and previous inspections.
<a href="https://inventory-pro.co.uk/index.php" target="_blank">Inventory Pro</a> is a similar offering that allows you to take inventories of entire apartment blocks if need be. It has a similar feature set but allows you to take videos as well.
<a href="https://rentmonkey.com.au/" target="_blank">Rent Monkey</a> is a website that automatically creates rental agreements from a series of questions. It works for every state in Australia and is exceptionally simple to use. You should really get the documents sighted by a lawyer just to be on the safe side but it does make renting your own place out much easier. The packs they provide come with all the documents required for your state. So long as your needs aren’t too complicated this is a great website. The site also has an in-depth guide for each state on renting your house out with some solid advice.
<a href="https://gumtree.com.au" target="_blank">Gumtree</a> is a global online classified ad website with localised subsites. If you wish to eschew the whole real estate agency system you can list your own rental property. If you’re looking for a cheap rental property it’s worth having a look on Gumtree. It’s also a great tool for finding house-mates. Anyone can list for free so there’s plenty of options – some better than others. They’ve released an app with a strong function-set.
<a href="https://rentpost.com" target="_blank">RentPost</a> is an innovative piece of property management software. It’s a very easy way to keep track of rent payments, tenant history and property issues. The software works on iPads and iPhones so you can keep track of properties as you go. The cheapest license costs US$9 a month and allows you to track up to 10 properties. The online payment system is currently limited to the USA but there are plans to expand internationally in the second half of 2012.
<a href="https://www.rentingsmart.com/" target="_blank">RentingSmart</a> looks like an exceptionally powerful tool geared towards self-managing landlords. RentingSmart will allow automatic rent payments with full integration with BPAY and bank transfers. They tell us it will help connect landlords with tenants and tradesmen, provide leases, keep track of maintenance issues, expense tracking, condition reports and all this will incorporated into an iPhone application. This could be the be all and end all for self-managing landlords.
<a href="https://pocketrent.com/" target="_blank">Pocket Rent</a> has the same idea but with more of a focus on recording communications with tenants. If you’re running multiple properties it can be a helpful tool to keep track of what issues have been raised which tenants.
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Mortgages 
Visiting a mortgage broker office is a thing of the past with this range of mortgage tools. You can compare mortgage offerings from different banks, calculate loan repayments and see what you can afford.
<a href="https://ratecity.com.au" target="_blank">Rate City</a> allows you to compare home-loans. It stacks banks rates up against each other so you can choose the best value. The site also includes comparisons of savings accounts, credit cards and more so you don’t spend all your money before you even take a loan out.
<a href="https://www.infochoice.com.au" target="_blank">Info Choice</a> is have a similar tool that can compare different loan offerings online.
The <a href="https://www.moneysmart.gov.au/tools-and-resources/calculators-and-tools/mortgage-calculator" target="_blank">ATO has a great tool</a> for calculating how much you can afford to borrow It takes into account your financial situation and possible purchases to give you a realistic amount.
<a href="https://itunes.apple.com/au/app/tapmortgage-australia-mortgage/id402187202?mt=8" target="_blank">tapMortage</a> is a simple app that allows you to calculate mortgage repayments, stamp duty and transfer fees within seconds. It’s perfect for showing clients how much a property will cost them or for working out if a property is within your budget. While not ground-breaking it is a genuinely useful tool. 
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Neighbourhood 
Moving to a new neighbourhood can be an exciting experience but it can take a long time to find out where things are. Where are the good cafes, where are the restaurants, where are the parks, what goes on around here and what’s the arts scene like? There’s no Lonely Planet for <a href="/news">Doncaster East</a> but we do have these multitude of resources to answer these questions.
You should never go to the supermarket on an empty stomach so why should property be any different. You can track down nearby eateries and read reviews to get a solid meal while you’re on the prowl or to work out what’s nearby a possible new home. Having no Thai joint within 2 kilometres could be a deal-breaker.
<a href="https://www.aroundyou.com.au/" target="_blank">Around You</a> is a good website for seeing what sort of events go on in areas. It really thrives with quite suburban suburbs with listings that inner-city publications just seem to miss.
<a href="https://www.google.com/maps/views/home?hl=en-AU&amp;gl=au" target="_blank">Google Streetview</a> is great if you can’t make it to the inspection and just want to have a sticky-beak online. Drive through the suburbs and see if it really is as leafy as the listing makes it sounds. It’s already on the iPhone accessible through the Maps application.
<a href="https://www.urbanspoon.com/c/71/Melbourne-restaurants" target="_blank">Urbanspoon.com</a> is one of our favourite websites and apps we’ve used. It makes discovering places to eat incredibly easy. The user reviews are (usually) quite informative and their price guides are quite accurate. Their app is perfect and we love the idea of shaking the phone and being shown a random selection of nearby restaurants.
<a href="https://www.broadsheet.com.au" target="_blank">Broadsheet</a> is a trendy website which covers the food, drinks and arts scene in Sydney and Melbourne. If you need a place to wine and dine someone or simply a place to eat lunch on the road this website is a treasure trove. They even run an app but it’s currently limited to Melbourne.
<a href="https://thethousands.com.au/" target="_blank">The Thousands</a> are one of the main listings in various cities in Australia. They keep tabs of what’s happening in the arts scenes but we’re including it for its food directory. The app is a good resource for hip local eateries. It works in Sydney, Melbourne, Brisbane, Adelaide and Perth.
<a href="is.http:/itunes.apple.com/au/app/art-guide-australia/id433116687?mt=8&amp;affToken=56102" target="_blank">Art Guide Australia</a> takes your current location and tells you what exhibitions are on around you. Great if you’re moving into an area with lots of galleries or if you want to see how artsy a new neighbourhood.
<a href="https://itunes.apple.com/au/app/wikihood/id317776221?mt=8&amp;affToken=56102" target="_blank">Wikihood</a> takes your current location and draws a bunch of information from Wikipedia to create a little guide. It’s a great way to learn about a new city and see what’s what.
You can also read The A-Z of property apps: Part one.
             
 
 
 
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The A to Z of property apps: Part two

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There was once a time when the start of a house-hunt was signalled by the quiet chime of the bell over a real estate agent’s door. Things have changed.
Searches that once took weeks can now be done on the train to work. Processes that didn’t seem possible are now every day events.
Progress marches on and almost every aspect of the property market now has an online presence. There is now a website, app or tool for every imaginable facet of real estate.
These make dealing with property easier, faster, more efficient and can help save money. There is so much more to working online than posting ads on big property portals.
There are a multitude of websites, apps and tools to help people buy, sell, market, discover and manage properties – so many that it’s easy to get overwhelmed by the deluge.
The vast legion of online tools available allow one to snoop on property prices, go on holiday, make money, spend money, get price estimates, make plans, break plans, play, hunt and stay up to date.
So many aspects of property have been covered online that Property Observer made this A-Z of online property sites and apps. Here is part one of Property Observer’s favourite online websites and apps, to help you with all aspects of property.
Alerts 
There’s no excuse for missing that perfect property now. Websites will alert you every time a property that fits your criteria pops up. With alerts, you can be the first to know about a new listing before it gets snatched up. The various real estate portals all offer their different flavours of alerts.
<a href="https://domain.com.au" target="_blank">Domain.com.au</a> allows some very specific alerts to be sent. If you have a problem with cemeteries, you can specify homes at least 5km away from them, but within 1km of a park. You can choose to be close to the train station, but away from gaols and power stations. You can search for a home within those constraints, but also make sure you’re only sent three-bedroom properties that have a balcony and a shed within the inner city region. A daily or weekly alert with all these properties is easily set up through their search function. 
<a href="https://realestate.com.au" target="_blank">Realestate.com.au</a> has a similar offering, but it’s not quite as powerful. While Realestate.com.au does have more properties listed, we found the filters on Domain to be more refined. We welcome the environmentally friendly search options such as solar panel and energy efficiency filters, but these are not enough to set it apart from Domain. The email alerts are quite useful however, and you can set up multiple searches to the same address.
<a href="https://www.propertyobserver.com.au/Realestateview.com.au" target="_blank">Realestateview.com.au</a> can also send property alerts. The search feature can’t discriminate properties quite as well as Domain or RealEstate.com.au but the filters are tolerable. However, to save a search listing you must create an account or sign in with Facebook.
Alongside these portal websites, most individual real estate agency websites have the ability to send alerts on specific searches. If there are just two or three agencies active in your area it might be better to subscribe to their individual alerts.
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Augmented Reality
It can often be quite hard to visualise the vast reams of data available online. You can easily access 20 pages of hard data on a suburb and come away without a clear idea of what things are worth in an area. This is where augmented reality comes into play.
Augmented reality is a relatively recent development where real world information is overlayed over a camera’s output. It pulls information from the web based on your location and superimposes it over whatever you point the camera at.
<a href="https://itunes.apple.com/au/app/commbank-property-guide/id375054462?mt=8" target="_blank">CommBank Property Guide</a> uses this free technology to overlay past sales history, current property listings and recent sales over a real world view through the iPhone’s camera. They say it works on more than 95 per cent of residential properties in Australia but Property Observer has found some of their data lacking. It takes its information from RP Data and realestate.com.au.
If you don’t have any luck with Commbank’s app try the free <a href="https://itunes.apple.com/au/app/anz-property-tracker/id393053333?mt=8" target="_blank">ANZ Property Tracker</a>. It has a similar feature-set but pulls its data from Fairfax’s domain.com.au and Australian Property Monitors. Again, it’s a great idea, but we found it to be a little less than perfect.
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Banks
If you’re buying property, you’re going to have to deal with a bank at some point. It’s just how these things work. The banks all have their various online offerings and some have some quite nifty apps.
<a href="https://www.anz.com" target="_blank">ANZ</a> have been lauded for their latest mobile banking effort. The ANZ goMoney app is a simple to use but quite powerful app. It has a great new development where you can pay someone just with their phone number, which ANZ markets as an easy way to split bills. If you’re torn between ANZ and another offering, this app might be a deciding factor. Their website isn’t quite as slick but it’s a solid offering.
The <a href="https://commbank.com.au/" target="_blank">Commonwealth Bank</a> website has all the usual features, with quite an intuitive front page. Their website has the usual features. The page isn’t too cluttered but still has quick access to quite a few useful tools.
They’ve just launched a new mobile banking app that’s got a few people excited. Its claim to fame? It makes paying people incredibly easy. The app even lets you pay for drinks at a bar simply by waving your phone over a Mastercard PayPass terminal, which are gradually being rolled out across Australian businesses. Take note, this option does require buying an iCarte iPhone case. This latest app is a huge improvement over their earlier efforts.
<a href="https://www.stgeorge.com.au/" target="_blank">St Georges Bank</a>’s mobile banking app has a good reputation. It was frequently regarded as the best mobile banking offering until ANZ released goMoney and Commonwealth released their new app. The website is strictly utilitarian and doesn’t have too many flashy banners to divert your attention.
<a href="https://www.westpac.com.au/" target="_blank">Westpac</a>’s website does have quite a lot of information online. If you feel like a bit of light reading, they do regularly release economic updates, including information on the property market. Their mobile banking app is a well made piece of software and is regularly updated.
<a href="https://www.nab.com.au/" target="_blank">NAB</a>'s website has quite easily accessible information on their home loan offerings. In fact most of their website is quite intuitive. Their app is a standard issue banking app that does that job reasonably well.
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Calculators
Real estate is all about money, and money needs maths – sometimes, quite complicated maths. Thankfully, there are some kind souls out there that make these things easier, with a range of intuitive calculators for smart phones.
<a href="https://itunes.apple.com/au/app/tapmortgage-australia-mortgage/id402187202?mt=8" target="_blank">tapMortgage</a> is an Australian made app to calculate stamp duty, transfer fees, first home concessions and more. It hasn’t been updated since August 2011, but it's a great tool to calculate mortgage costs.
<a href="https://itunes.apple.com/au/app/real-estate-master-iiix/id398247923?mt=8" target="_blank">Real Estate Master IIIx</a> is a calculator for estate agents. It allows you to calculate mortgage insurance, amortization, FHA, ARMs, rent/buy comparisons and more. It can do just about any calculation a real estate agent might need to do. There are videos on Youtube to help with the more complicated sums one can do with the app.
<a href="https://itunes.apple.com/us/app/property-evaluator-real-estate/id335518202?mt=8" target="_blank">Property Evaluator</a> is an iPad app that gives comprehensive estimates on property costs and returns for investors. It allows you to input every imaginable piece of financial data about a property and then crunch the numbers to give estimated returns over the next 30 years. It’s a useful tool and might be instrumental in demonstrating the real value of a property.  This comprehensive app allows you to graph and table all the generated information and email this on. It’s not designed purely for the Australian audience so there may be a couple of hiccups along the way, but for basic projections the app works well.
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Depreciation
Depreciation is an easy way to claim some money come tax time but it’s often regarded as a bit of a mystery area with property – but no longer.
<a href="https://itunes.apple.com/au/app/wb-dep-calc/id448589647?mt=8" target="_blank">Washington Brown Tax Depreciation Calculator</a> calculates the tax depreciation of a property. Under Australian tax rules, investors can claim the depreciation of their investment properties against their taxable income. If it’s something you find yourself doing quite often, this app might come in handy.
<a href="https://www.aiqs.com.au" target="_blank">The Australian Institute of Quantity Surveyors</a> is the national professional standards organisation for quantity surveyors. It’s a good resource for finding a local professional to help you with all your quantity surveying needs including depreciation.
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Environmental Concerns
Houses are designed to take the occupiers out of the elements and put them into a safe place, but you can’t just ignore the environment. Real estate affects the environment, and conversely, the environment affects real estate. There are tools out there to help make homes more sustainable and liveable. A big part of living in Australia, especially in rural areas, is the threat of natural disasters. So we’ve included a series of tools that inform users about risks associated with the Australian environment.
<a href="https://www.ecoeasy.com/index" target="_blank">Eco Easy Home </a>is a new Australian app that grades the environmental credentials of a property. It allows users to rate their home on a number of factors through its clean interface. The app allows users to work out the orientation of a home and the future sun paths around a property. The app is full of drawings, diagrams and helpful information to assess a home. The rating system is based on a system used by architect Gareth Cole and NSW councils. The app is useful for vendors hoping to spruik the environmental credentials of a home and buyers looking to discriminate between various choices. Overall, its a very comprehensive app aimed at Australian usage. There is an iPad edition coming somewhere down the line.
<a href="https://www.liveability.com.au/" target="_blank">Liveability.com.au</a> is an online resource for owners, renters and landlords on living sustainably. The site publishes advice on how to make property more environmentally friendly.
Our country is prone to disasters. Sometimes nature decides to shake things up a bit. When investing in a new area, especially in more remote or rural areas, it’s important to know what to expect.
<a href="https://itunes.apple.com/au/app/disasterwatch/id484402725?mt=8" target="_blank">Disasterwatch</a> is the ultimate app for the perpetually nervous. Created by the Australian Emergency Management Institute, this app gives real time updates and warnings on all possible disasters in Australia. You can check fire safety warnings before deciding on buying that nice house in the bush.
<a href="https://home.iprimus.com.au/foo7/menu" target="_blank">Romsey Australia</a> is well worth a read. It catalogues the history, threats and nature of areas all around Australia. It’s the work of an independent organisation who disseminate freely available information in an easily digestible form. It’s not the most beautiful site but it’s a favourite of ours.
Queensland really copped a beating in 2011. People died and many homes suffered severe flood damage especially around Brisbane. It was a tragic time but what happens now? How do you know if a home for sale suffered flood damage. It might look fine but there could be rot lurking beneath. Or if it was rebuilt, how can do you know if it’s in a flood prone area. These tools will help.
<a href="https://flood.brisbane.qld.gov.au/floodwise_property_report/" target="_blank">FloodWise Property Report</a>: If you’re buying in Brisbane this government run website has flood history of all Brisbane areas. Sometimes agents don’t volunteer flood information so it’s best to check this website first. Given the recent floods this really is a sensible idea when buying in Brisbane.
<a href="https://pdonline.goldcoast.qld.gov.au/masterview/modules/propertymaster/default.aspx?page=home" target="_blank">Planning and Development Online</a>: This is a similar tool for the Cold Coast. You can search by property address and check for flood reports. Without this tool it might not be immediately apparent that a property is prone to flooding.
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Floor Plans
We have no time for people who post online real estate listings without floor-plans. Impress people and make friends by producing your own floor plans with one of these great tools. Your clients will love you.
<a href="https://itunes.apple.com/au/app/magicplan/id427424432?mt=8" target="_blank">MagicPlan</a> allows you to automatically create a floor plan of a house within minutes just by taking photos. Walk around a property with your phone and take photos of every corner in the house and it will automatically create a floor plan. One of the few genuinely ground-breaking apps, and free, this is great news for agents or buyers when there are no floor plans available.
<a href="https://floorplanner.com/" target="_blank">FloorPlanner</a> is a powerful online tool for creating easy floor plans and furniture placement. You can add floorplans from possible purchases and see how your furniture fits in. Brilliant. As of May 7, they have added an iPad app.
<a href="mailto:news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>
 
 
 
 
 
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The A to Z of property apps: Part one

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Apartment building approvals in South Brisbane increased three-fold over the past year as it pushed ahead as the fastest growing suburbs in Brisbane following intense urban renewal investment.
Residential building approvals increased from 151 in 2010/11 financial year to 744 in 2012/13,1 according to research firm Urbis.
Its projected growth rate is 5.6% with almost 10,000 people predicted to move in by 2031.
The suburb has been the site of massive public spending with $4.1 billion of infrastructure spending over the past years, including the Southbank Activity Precinct, the Queensland Cultural Centre, the Southbank Institute of Technology, the Queensland Children’s Hospital, the Brisbane Convention and Exhibition Centre and an expanding Business and Office Precinct.
There is another $1.2 billion planned for the near future.
Urbis says loose planning controls have contributed to the explosion in apartment building.
“The Brisbane City Council recognised the area’s unique attributes and introduced a Neighbourhood Plan in 2011 that loosened the previously restrictive planning controls and in doing so gave industry what it requires for major investment decisions – an increased yield potential and certainty through code assessable development that is quarantined from competitor or public appeals,” Urbis director Stephen Buhmann writes.
He says the population growth forecasts suggest the building boom will continue in the 2020s.
“This implies that the recent burst in approvals is not just a one-off.  Rather, it is the start of a continuing phase of development that is expected to run for well over a decade.”
Aria Property Group is one of the developers taking advantage of the building explosion with the June completion of its Russell apartment building which just achieved full rental occupancy.
The 56-unit development sold mostly to local investors and local owner-occupiers, three weeks after coming to market.
{yoogallery src=[images/stories/2013/12/16/south]}
The Rothelowman White designed building won the Urban Development Institute of Australia Queensland’s 2013 prize in the urban renewal category.
“Urban renewal is important because it reduces the need for urban sprawl and cleans up parts of the city which have previously been used for industrial and commercial activities,” says Aria’s Michael Hurley.
“It is vital that these projects are designed to be complimentary to surrounding environments, to be consistent with existing infrastructure and to still be relevant in 10 or 15 years time.”
“When we started on Vine, South Brisbane had not seen any significant residential development from 2008 to 2012. There had been 10,000 office workers that moved into South Brisbane during that five year period.
“And with little or no residential units having been delivered in that same time period, an undersupply of housing occurred. Vacancy rates were the lowest in Brisbane at 1.4%, which was driving rental yields up. Well located, quality residential units have been long overdue in the market.”
<a target="_blank" href="mailto:awalsh@propertyobserver.com.au">awalsh@propertyobserver.com.au</a>
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South Brisbane's apartment explosion comes with urban renewal

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Consolidating multiple debts into a mortgage is not necessarily the ideal way to manage your finances, according to mortgage broker firm Smartline.
“It’s very uncommon for someone with a home loan to get into financial trouble,” Smartline Director Joe Sirianni says. “Unless they get sick and can’t work or they lose their job, it’s unusual for that to happen. “It’s when people have a home loan, two credit cards, an interest free loan and a car loan – that’s when they start getting into real financial trouble as having to service all these debts proves increasingly expensive and stressful.”
Consolidating that debt into your mortgage is an option only if there’s enough equity in the property, says Smartline adviser Shawn French.
 “It’s not something you can keep on doing – your house isn’t a limitless ATM, particularly in light of the flat property prices experienced in recent years,” French says.
 “This isn’t a problem faced just by people on certain levels of income. It’s a problem for anyone who consistently spends more money than they earn and it’s something that most mortgage brokers regularly see.”
They advise people to set goals and priorities to avoid the temptations of spending too much money; to have a budget; to work out the true cost of things like making your own lunch; to save for things rather than pay on credit card; to pay for things with cash and to structure your finances.
Someone with a $350,000 mortgage at 5.25% for 30 years could shave more than seven years off their loan by buying a $15 lunch and coffee just once a week instead of five and diverting the savings to their mortgage.
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Consolidation of debt is not necessarily ideal: Smartline

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How do you build a house in 30 seconds? Just order a house from JAYZ Building Solutions, press a button on the included remote and up your house goes.
The Australian firm is selling transportable homes that it claims can be erected in just 30 seconds.
It’s marketing its Instaslide series of homes which fit inside a standard shipping container and can be unfurled at the flick of a switch.
{qtube vid:=YOpBI3qRi74} 
“These products are amazing,” says JAYZ’s Jackson Yin.
“At a touch of the button on the remote control these units can be installed in 30 seconds absolutely labor free.”
There is:
<ul>
<li>a 50 square metre, four-bedroom, four-bathroom option;</li>
<li>a 25 square metre one-bedroom, one-bathroom, one-kitchen option;</li>
<li>and a 50 square metre office option;</li>
</ul>
They have a 6-Star energy rating and are able to withstand earthquakes up to a magnitude of 7.6 and D2 cyclones – winds of 270 kilometres per hour.
They can delivered on a normal truck and unloaded with a forklift.
The company supplies mining companies around Australia with transportable accommodation.
They also supply the Butterfly range of fold out homes which take four hours to assemble but are easy to stack together.
{yoogallery src=[images/stories/2013/12/10/30sec]}
This year JAYZ was able to quickly build a supermarket in an Aboriginal community in the Northern Territory by joining multiple Butterfly units together.
In the Butterfly series a 40-foot container expands to 82 square metres of living space - to triple its normal size, while a 20-foot container expands to 42 square metres.
They come with exterior lighting, laminated bamboo flooring, taps and sinks, smoke detectors, a toilet, bathrooms and kitchens and optional air-conditioning. They are fully plumbed and wired.
Jackson Yin says they hope to market the homes to the general public in the near future.
“We look forward to some larger order but eventually we hope to do retail orders. I hope it’s coming in very soon.”
Yin says they could be priced at substantially less than $1,500 per square metre.
<img alt="30-second-home" height="294" width="470" src="/images/stories/2013/12/10/30-second-home.png">
Other things you can do in 30 seconds
? Swim 50 metres backwards, if you're an Olympic athlete
? Drive from standing to 300mph, if you're in the Acabion GTBO (below)
<img src="https://i.imgur.com/DAyp6vk.jpg" width="470">
? Have your car stolen, if you left it unlocked. Lock it or lose it.
? Make Nachos in the microwave, courtesy of the South Australia based company Mexican Express (below)
<img src="https://i.imgur.com/OAC4vkW.jpg" width="470">
? Pull the tops off 65 pinapples, if you're this bloke (below)
<img src="https://i.imgur.com/CXrHqno.jpg" width="470">
? Flush your outboard motor out with revolutionary product, Salt-Away.
<img src="https://i.imgur.com/lrftVjw.jpg">
<a target="_blank" href="mailto:awalsh@propertyobserver.com.au">awalsh@propertyobserver.com.au</a>
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How to build a home in 30 seconds

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Auctioneers have a very public role – every Saturday they’re out trying to sell as much property as possible. It takes a lot of confidence and a lot of preparation.

Property Observer spent one Saturday with Steve Burke and Nicholas Goold from Hocking Stuart Glen Iris to get a behind-the-scenes look at the life of an auctioneer. We were able to see how auctioneers coax people in to bidding higher and, if an auction passes in, how they negotiate with vendors and buyers to secure the highest price possible.

In this episode of Day in the life we follow Steve Burke to the auction of <a href="https://www.realestate.com.au/property-townhouse-vic-camberwell-115340459">1B Cooloongatta Road Camberwell</a> (pictured below the video), a three-bedroom townhouse.

A similar property next door sold for $871,000 last month and Burke is hoping to beat that. But he has to contend with a limited number of interested bidders and a potentially unrealistic vendor.

The negotiations get quite tense and there are lessons to be learned on how to act in such circumstances.

Burke and Goold remind us it’s a complex job that’s not suited for everyone but a job that can do vendors wonders.
{qtube vid:=wt6PdCNBPmU&amp;feature=youtu.be}
 
{yoogallery src=[images/stories/2013/12/05/cam]}
Photos: 1B Cooloongatta Road Camberwell


(Satur)Day in the life

9:00: Arrive at office and start preparation for the days auctions

9:30 Call around to make sure all interested parties will be at the auction

10:00 Leave for the auction and meet the clients

10:45 Auction starts

11:00 Auction ends and negotiations start

12:00 Negotiations finish and time to celebrate then finalise paperwork

13:00 Head to the next auction to repeat the process



Transcript

It’s a November Saturday in Glen Iris and potential property buyers are out in force, attending and bidding at auction. It’s the modern day battlefield for today’s property buyers. I’m speaking with auctioneers Steve Burke and Nick Goold as they take a number of properties to auction. 

I’m Steve Burke from Hocking Stuart Glen Iris, the director here at the company and I’m very excited to have a chat today. We have got a busy day ahead, we have five auctions scheduled today. I’m looking forward out there today in a very strong market and getting some bidding and some very good results for our clients.

My name is Nicholas Goold. I’m a sales exectuve and auctioneer here at Glen Iris as well.

I think it’s seen very much as a glamorous industry. People just see the public side when people are handing out brochues, people are bidding and it’s all very exciting. People drive up in flashy cars. But there’s a lot of work that goes on behind the scenes and that is a lot of administration work, a lot telephone calls, a lot of prospecting. Before you actually get to auction day it can be a two or three year journey.

It certainly takes a specific set of skills and a personality type. Not everyone wants to do it, not everyone is comfortable doing it because you’re a big advertisement for the agency and for the company itself. 

We’re driving out to 1B Coolangatta Road Camberwell. It’s a three bedroom townhouse which has been on the market for four weeks with 55 groups coming through. Two or three of those have come back for a second look and Steve’s hoping they’ll be bidding today.

Real estate is all about comparing apples with apples and recently next door sold for $871,000 with another agent so that’s our agent and wer’e certainly hoping to achieve a better result than that today.

There’s a lot of people here today but not many serious bidders. Steve has to try his best to coax bids out of a reluctant crowd. The vendor’s reserve is $908,000. Slightly unrealistic given next door sold for just $871,000.

*Auction*

After a few minutes and another vendor bid of $850,000, it passes in to the young couple for $860,000, well below the vendor’s reserve. Steve must now work to get the two to meet in the middle. The vendor is upstairs in the second bedroom as Steve negotiates at the kitchen table. 

This is where the skills of an auctioneer really come into play. It’s a tense situation for the vendor. Steve knows these were one of the few genuinely interested bidders at the auction. Next door sold not that long ago, but that price was pushed up by a bidding war between this couple and the eventual buyer. With their competition out of the way the couple know they’re in a strong position.

We’re just giving the purchasers a few minutes chance – breathing space to work out what they’re prepared to pay and the vendor the same. And we’re looking to see if we can bring the two parties together. We’re being summoned inside.

*Negotiations*

It’s a very emotional decision for our vendors. We’ve now got an offer of $875,000 and our vendor has come to $880,000 in price. So we’re $5000 away. This is the job of the agent to bring the parties together. And let’s hope we can get a sale sticker up very shortly. 

The talks go back and forth for some time, But it seems Steve has pushed the couple as far as he can and they’re standing up to leave the table. This is Steve’s last chance to secure a sale today. He speaks to the vendor one last time with a final offer of $877,500.

*Deal accepted*

It took a lot of back and forth but Steve was able to secure a deal that’s kept both parties more than happy.

The vendor and her recently graduated son will move out after settlement and this young couple can start their new life in Camberwell. For everyone involved it’s time to celebrate.

*Toast*

Basically we’ve got an opportunity to sell her property for her today. A cash unconditional contract which means there’s no cooling off or it’s not subject to finance or any such means. As a result we were able to bring the parties together. It was very close, in percentage terms, to what she actually wants. She had a bit of council from her friends and common sense prevailed. Well done.
<a href="mailto:awalsh@propertyobserver.com.au" target="_blank">awalsh@propertyobserver.com.au</a>
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Day in the life of an auctioneer - Walking the negotiation tightrope

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Sydney’s online property listings increased 12.8% over November to 27,840 properties as the spring selling season hits late.
But Sydney property listings are still 13.4% down from the same time last year.
In Melbourne listings are up 10.7% for the month, down just 0.2% for the year and in Canberra listings are 11.5% up for the month, down 4.2% for the year.
“The spring selling season has hit later in the year than usual, with a market uptick in sales listings – especially in Sydney,” SQM says.
It stands by its September forecast that Sydney would lead the way in terms of a house price recovery but that this would not necessarily be the case for all capital cities, particularly Canberra.
“No doubt, the disruption of the election in September created a lag effect in listings which is coming through now so it is no surprise listings had a large jump in November,” SQM’s Louis Christopher says.
“Plus, we also had five weekends during the month which added to our monthly counts. Seasonally, listing activity is very strong in the later spring months and is the prime reason why there has been a dip in auction clearance rates in recent weeks. So for now I am not concerned about any new slowdown in the market.”
Meanwhile Sydney property services providers are reporting continuing eagerness among Sydney property buyers.
Ramon Mitchell from Intelligent Property Services says two recent sales demonstrate just how strong the Sydney market is.
“To point out the level of growth and eagerness of some buyers to secure their ideal property we can look at the recent sales of two adjoining semi-detached homes in Marrickville,” Mitchell says.
The properties <a href="https://www.domain.com.au/Property/Sold/House/NSW/Marrickville/?adid=2010796046">54 Frampton Avenue</a> (a 287 square metre block) and <a href="https://www.domain.com.au/Property/Sold/House/NSW/Marrickville/?adid=2010667756">56 Frampton Avenue</a> (a 292 square metre block)  are both very nicely presented Victorian Semis with two bedrooms, single bathroom and parking for two cars each via rear lane access.
According to Mitchell, 56 Frampton Avenue sold for $900,000 on the 21st of September and just two months later, the adjoining 54 Frampton Avenue sold for $1 million.
“On as close to an ‘apples with apples’ comparison, dare we suggest that this represents a market movement of 11% in just two months?  While this may seem dramatic, in areas such as Sydney’s inner west, it is, much to the chagrin of many buyers, closer to reality than many might like,” Mitchell says.
“Across the city, and with the Christmas break approaching, buyers are becoming increasingly eager to wrap up their long and exhaustive property search and wind down for the holiday period.
“With the prevailing low interest rates we are seeing buyers paying a premium just to get their foot in the door and we expect the frenetic buying activity to carry right the way up to the Christmas break. We’re seeing agents catering to this by way of auctions scheduled for as late as 21th December whereas, traditionally, most agents would aim to finalise campaigns no later than the first or second weekend of December.”
<a href="mailto:awalsh@propertyobserver.com.au" target="_blank"> </a>
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Sydney listings surge in pre-Christmas rush

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With economists predicting official interest rate rises next year and banks starting raise their fixed rates, we spoke to mortgage experts to ask if now is the right time to moved your mortgage to a fixed rate.
 
Shane Oliver – Head of investment strategy and chief economist, <a target="_blank" href="https://www.ampcapital.com.au/?">AMP Capital</a> <img style="float: right;" alt="shane-oliver-profile" src="/images/stories/2013/10/25/shane-oliver-profile.jpg" height="150" width="125">
FIX FOR THREE YEARS
The best thing to do is fix when interest rates are at a low level. Some people make the mistake of only fixing after interest rates have been up for a while and they find they are locked in at the top. Right now we’re either at or close to the bottom of the interest rate cycle so it does make sense to start to lock in a relatively low interest rate.
Soon the cycle will start to go back up again and it will get more expensive to lock in as interest rates go up. In fact some banks have already increased interest rates – a month ago a few of them raised interest rates. They’re still at relatively low levels, and given the fixed rates at the moment are fairly close to the variable rates, you’re looking somewhere in the 5% to 5.5% zone depending on the sort of deal you get in that range. It makes sense to lock in now because the question a borrower needs to ask is what they think the variable rate will average over the rate they might fix. At the moment you can lock in for three years somewhere at 5 and 5.5%, depending on the bank. The likelihood is the rates will average above that over the next three years so you might end up paying a little bit more initially but over the course of three years you’ll probably find the variable rate will go up again and average more than they are at the moment.
I think the best deals are around two to three years. I’d probably lock in around there rather than the five year rates as they tend to be somewhat more expensive. What we have seen in the economy this year is longer term borrowing costs start to rise. We’re still quite low but as those longer term borrowing costs start to rise as evidenced by rising government bond deals it will eventually start to put upwards pressure on fixed mortgage rates. And there’s also signs that the interest rate cycle will turn up more generally and the reserve bank will follow that. It does make sense to lock in. But it’s always the case not to do the whole lot. If you fix the lot you’re locked in if you want to pay some of it off in a hurry it’s often a bit harder and can work against you. And if you fix a portion of it then in the off-chance interest rates fall then you can lock the rest in. It’s probably best to do it on a partial basis rather than fix the whole lot.
 
Lisa Montgomery - Chief executive officer,  <a target="_blank" href="https://www.resi.com.au/">Resi </a><img style="float: right;" alt="Lisa-Montgomery-profile" height="150" width="125" src="/images/stories/2013/11/15/Lisa-Montgomery-profile.png">
FIX A PORTION FOR ONE TO THREE YEARS
That downward trend of rates in the fixed space looks like it’s hit its bottom and it probably did that around six to eight weeks ago. Since then we’ve seen an increase in mainly the three and five year rates of about 20 to 30 basis points. For those people who have been looking for the lowest point in the market I’d suggest they may have missed that. However there are still some excellent rates out there in the fixed space and a lot of people are still looking to do that given there have been a few murmurings about rates increasing next year. Probably not in the first quarter of next year but there’s the potential of that trend changing and rates rising into 2014 is a real prospect and so fixed rates are still appealing to borrowers.
So there are some great deals out there in the one, three and five year spaces. But five years is a really long time to fix your rate in. If you’re looking to fix in then maybe you’re looking at that one and three year period. But only if you’re looking for the certainty and you’re really looking for that stability because there are still some really good rates in the variable space and those rates have gone downwards since November 2011 and we saw some great rates in the variable space. But of course fixed rates have been very popular as we’ve seen many folks taking up these opportunities.
Fixing in some and leaving the rest variable is a good option. That means you’re not placing the entire loan amount into a fixed arrangement and you’re keeping a bit more flexibility in the variable portion of the loan and hedging your bets along the way. That option has been very popular with borrowers and will probably remain to be until next year.
Article continues on next page. Please click below.
 
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Alex Parsons - Chief executive officer, <a target="_blank" href="https://www.ratecity.com.au">RateCity</a> <img style="float: right;" alt="alex-parsons-profiel" height="150" width="125" src="/images/stories/2013/11/15/alex-parsons-profiel.png">
FIX A PORTION OF THE LOAN
The banks’ three, four and five year fixed rates are moving up. Their perspective is interest rates are going to increase over time. On that basis after the last couple of years of a downward cycle we are bottoming out. And we are at the start of an upward cycle. The RBA put out another .25 drop in August, I don’t think they’re be a change early next year downwards. We’re at historic lows, the historic average for variable is around the 7% mark, we’re at least two percentage points below that.
One year fixed rates are still really competitive, there’s no doubt about that. I guess the average property buyer overlooks the fact they don’t need to have all their eggs in one basket. They can fix a portion of their loan and have a portion of it variable. It’s up to them. I do that myself. On the basis of that you have your feet in both camps. If one moves wildly you can only be half wrong.
The only risk is if there’s another quarter percent drop today or in February. Risk is not binary there’s a spectrum of risk and the spectrum of risk for fixing is relatively low. You’re not going to fix today on 5% for example and then have rates drop another 100 basis points. The risk is lower now than it has been in the past or will be in the future.
The banks all employ serious economists and they adjust their rates on the basis of internal analysis. When you start to see longer term fixed rates go up, you’ve got to think that’s their perspective. You look at their record and they make massive amounts of profits. Three, four and five year fixed rates have been moving up over the past few months.
 
Ross Le Quesne - Mortgage broker,  <a style="font-size: 14px;" rel="nofollow" target="_blank" href="https://www.aussie.com.au/%E2%80%8E">Aussie Home Loans<img style="max-width: 480px; float: right;" width="113" height="150" alt="laquesne-profile" src="/images/stories/2013/11/01/laquesne-profile.jpg"></a>
FIX FOR THREE YEARS
Definitely fix. A lot of my investors are fixing now. A lot of them are getting fairly good yields right now, around 6-7%, so they’re looking at locking in that yield. Rates are the bottom of the cycle. Three year fixed year rates have moved up .2% so it looks like we’re at the bottom. A lot of my investors carry quite a bit of debt because they have a number of properties. For example if someone has 1.5 million in debt and rates rise 1.5% that’s an extra $22,500 of net income they have to come up with. It’s a risk minimisation to fix. Over the next two to three years you know where your cash flow sits and by doing that you’re going to be covered if rates were to rise.
It’s proven we’re at the bottom of the market seeing the three rates have just bounced off the bottom. If you look at the history of interest rates since the GFC, the lowest rates were around 4.99%. As Mark Twain said, history doesn’t repeat itself but it does rhyme. If you look where we are it’s rhyming at the moment. It’s just come off the low which means we are at the bottom of the market. If you’re looking to lock then there’s no better time than now, or even better two months ago.
I deal with a lot of investors; with owner occupier it’s different. For an owner occupier, I’d say part fixed part variable. For owner occupiers their goals are to pay their loan off as quickly as possible and have the flexibility of a variable rate. For investors I say fix 100%, for owner occupiers definitely partially fix, maybe at 70/30 or 50/50.
Article continues on next page. Please click below.
 
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Jessica Darnbrough - Spokesperson, <a href="https://www.mortgagechoice.com.au/%E2%80%8E" target="_blank" rel="nofollow" style="font-size: 14px;">Mortgage Choice</a><img src="/images/stories/2013/12/03/jessica-profile-small.png" alt="jessica-profile-small" height="150" width="125" style="max-width: 480px; float: right;">
SPEAK TO YOUR BROKER
Ultimately, I shouldn’t say one way or the other. Fixed rates are very competitive at the moment, if people are looking to fix in then now is a good time to do so. Interest rates are going up from here; it’s probably as low as it’s going to be.
Whatever they feel comfortable with is best at the end of the day. It’s very popular for both owner occupiers and investors right now, so have a chat to your broker and your advisor and see what situation you're most comfortable with.
We see that three year rates are most popular among fixed rates, that’s what people tend to go for – it’s not too long or too short. But before fixing really weigh up your options.
Rates are arguably going to rise from here at some point in the future. But our variable rates at the moment are so competitive, it might be the case you feel more comfortable in a variable rate. Do whatever you feel most comfortable with. If you do need so surety around your finances then now would be a good time to fix.
<a target="_blank" href="mailto:awlash@propertyobserver.com.au">awlash@propertyobserver.com.au</a>
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Should you fix your mortgage now? The experts have their say

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Investors should look for units in residential towers which have a sense of community about them, according to architects.
Hayball director Rob Stent says towers that build a sense of community retain their value better than other more bland developments.
One tower he designed six years ago now includes heavily booked communal facilities, multiple book reading clubs, dining clubs and networking meetings.
He describes it as a vertical neighbourhood where people have a sense of belonging and community which makes the building sought after.
“Being sought after retains the values and has a higher sense of owner pride. It's a self-perpetuating thing,” Stent told Property Observer.
“Having a building with the right settings you have the value retained. That's what developers that have a longer term perspective on brand and investors with a longer term eye to increased capital values should be having a look at.”
Australian apartment dwellers are more and more looking at shared spaces as a way to offset the space constraints of unit living.
Head of architecture at Monash, Diego Ramírez-Lovering, says Australian residents are becoming more and more used to communal living.
“In Australia it's not quite Sweden where 10 families will happily share a kitchen. It may get there one day,” Ramírez-Lovering says.
Also important is the concept of a 20-minute neighbourhood where people can walk to most places they need to go.
“This issue of the surroundings is an incredibly important issue; we see a lot of people moving out to the fringes buying a house and land package which is relatively affordable,” Ramírez-Lovering says.
“But they then spend a fortune on commuting all around town for employment and recreation and so on. I would say the key is to try and get these clusters of activity so you don't have to go too far.”
They were speaking to Property Observer from Synergy Property’s Nord development, in North Melbourne, a site with a Walk Score of 93.
Hayball has been working on the project for two years and marketing for the project is just underway.
The development includes units of three-bedroom configurations which Ramírez-Lovering says is an increasingly important part of new developments in Melbourne.
“There is a situation in Melbourne with higher density living that has resulted in sub-standard new apartments of impossible size up to 32 square metres and blind bedrooms,”  Ramírez-Lovering says.
“You can understand how the market gets to that point but it's interesting to understand that as we shift to a more intense and dense city and apartments become the norm and have much more diverse households living in them.
“Having apartments that are adequately sized that provide great amenity is so crucial.”
Stent says anecdotal evidence shows renters are less interested in lower quality unit stock now.
“Agents say they’ve never been so busy at painting and carpeting these old style apartments. They're no longer sought after. People are making the choice if they’re renting to go somewhere else that has more amenity or comfort or interior style and quality.”
{qtube vid:=C_G1HxDUK2M}
 
Transcript
I'm very interested as to how we're going to as architects really engage in a really meaningful way in terms of the challenges that are facing our community. We're going to be faced with enormous challenges - the aging population; the productivity commission news is alarming. That's been there for some time. People should be aware of it. How are we going to provide the housing and healthcare for an aging population which will be a significant part of the population with a diminished tax base. Look at the figures in terms of in Melbourne there's 2030 looking to be 6-7 million, recent ABS just released. Our increasingly diverse population is very different to what it was 15-20 years AGO. With not only our ethnic diversity but our demographic diversity in terms of also household configurations. Single households are the fastest growing households in Australia - what that means for housing. We're starting to see evidence the house and land package on the fringe is no longer appealing to many people. There’s still a lot of housing of that nature being build but there’s a need to provide alternative means of housing to satisfy diversity.
Developers that are in tune with those changes increasingly focus on providing a range of housing and not just sticking to the same old. The ones which will be adaptable and ready to meet the changes will be successful. Those that do the same old same old will be less successful because it's been a very simple process.
From investor’s point of view, if they're looking at a development they need to look at those sorts of developments through these eyes. Who’s out there that’s going be giving them the bigger market, that's a much broader market more diverse market than in Australia's history. It is a diverse population now. I n terms of where investors look they'll have to look at our society. That's having a number of attributes in the apartments. Whether there's flexibility in terms of apartments, spatially, what else it offers to provide an opportunity that you can't find in your apartment because of size constraints because of the commercial constraints that you would have augment. For example a playground or a playroom or spaces where you can have a party of have friends and family around.
We did the development some time ago with about 400 apartments, about six years old now. It’s born out in terms of what can emerge in terms in communities in a vertical scale. It has heavily booked communal facilities, there's 3-4 book reading clubs in the building, dining clubs, a whole series of networks and meetings in the building. It’s like a vertical neighbourhood. People do have the sense of belonging and community which makes buildings sought after. Being sought after retains there values and has a higher sense of owner pride. It's a self-perpetuating thing. Having a building with the right settings you have the value retained. That's what developers that have a longer term perspective brand and investors with a longer term eye to increased capital values should be having a look at.
In Australia it's not quite Sweden where 10 families will happily share a kitchen. It may get there one day but the interesting thing is to look at is what’s more successfully with sharing, or less successful. In one of your buildings I looked at, one of the key locations for sharing was the laundry. That makes so much sense because it's student housing. However this notion about rethinking our preconceptions about sharing are. There can be much more sharing than there is now on the other hand not all sharing works. Private open space is held dear dear by the population. That will shift over time. This issue of the surroundings is an incredibly important issue; we see a lot of people moving out to the fringes buying a house and land package which is relatively affordable. But they then spend a fortune on commuting all around town for employment and recreation and so on. I would say the key is to try and get these clusters of activity so you don't have to go too far. That is challenging because the housing usually comes first and services follows. I think that's a flawed model. There are different ways to think about it in alternative ways.  A notion that a house might not just be a house but it might be your office. It might not just be for your immediate family. It might be possible to sell or rent a portion of your house if circumstances change. So Thinking about housing because there is so much of it particularly in middle and outer suburbs, in ways which acknowledges all these changes function in much more flexible ways to accurate these things because the services very often take a long time to get there.
I live in Richmond. We’ve got a great deal of diversity just in our street. Our neighbours are three two-storey 60s built flats. There's leasing boards on them all the time. According to agents they say they’ve never been so busy at painting and carpeting these old style apartments. They're no longer sought after. People are making the choice if they’re renting to go somewhere else that has more amenity or comfort or interior style and quality. People need to be mindful that quality apartments are what people live in to purchase or rent. What we're seeing is some of the lower quality stock being hard to move. Some of the smaller apartments have resistance in terms of rental.
There is a situation in Melbourne with higher density living that has resulted in sub-standard new apartments of impossible size up to 32 square metres and blind bedrooms. You can understand how the market gets to that point but it's interesting to understand that as we shift to a more intense and dense city and apartments become the norm and have much more diverse households living in them. Having apartments that are adequately sized that provide great amenity is so crucial. It's great to see the inclusion of 3 bedroom apartments even though it seems like such a small detail the ability to have families in what was homogenous environment is a great idea.
<a href="mailto:awalsh@propertyobserver.com.au" target="_parent">awalsh@propertyobserver.com.au</a>
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Architects point investors towards residential towers with a community feel

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There has been a resurgence in risk appetite for property investors in the Pacific region, according to a new Colliers International survey.
Next year 72% of investors in the Pacific region plan to expand their property portfolios , up from 56% last year, according to the 2014 Colliers International Global Investor Sentiment Survey.
Just 2% of respondents indicated they were not at all likely to take on more risk. Last year that figure was 70%.
This year 64% specified that they planned to take on more risk over the next 12 months.
The survey queried major institutional and private investors who were asked for their outlook at the global and regional level for 2014 and beyond.
Colliers’ John Marasco says Australian-based investors are becoming far more active.
“In 2012, investment volumes for some property types, particularly core property, were dominated by offshore investors,” Marasco says.
“With local investors back in the market, it is unlikely we will see this same sort of dominance in 2013.”
The report finds that to access a wider range of opportunities, as well as higher yields, many local investors are looking to secondary properties.
“As an example, a number of major Australian institutions are believed to be creating funds to specifically target non-CBD office properties as they seek to diversify their portfolios and target higher yielding assets,” the report says.
Most investors, 85%, are looking to buy within the pacific – mostly locally. Colliers puts this down to an easing of monetary policy over the past 18 months.
Otherwise 39% of investors are looking at Asia, 25% are looking at Europe, the middle east and Africa and just 13% are looking at the US.
Investors in the Pacific overwhelmingly prefer to invest in eastern seaboard Australia – 55% in Sydney, 12% in Melbourne and 4% in Brisbane.
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Rising risk appetite for Pacific property investors

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Alistair Walsh

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