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A series of eight shops in Cabramatta, in Sydney’s outer west, have been listed for sale for the first time in 50 years.
The 553 square metre freehold block in the predominantly Asian suburb, is expected to sell for more than $3.75 million plus the GST.
The property consists of shop 206, 207 and 208 Railway Parade and Shops 7 to 17 John Street.
The tenancies are a Happy Cup franchise, a convenience store, a Vodafone outlet, a boot maker, Western Crusty Bread, Pho Viet Restaurant and hair salon.
There is also a vacant one-bedroom flat above the shops.
All the shops are occupied but the tenants are on expired leases.
According to the 2011 census the suburb 32.6% of residents there were born in Vietnam, 9.4% in Cambodia and 5.2% in China, though 27.7% had Chinese heritage. Some 92.9% of respondents had both parents born overseas.
In 2006 31.2% of census respondents were born in Vietnam, 9% in Cambodia and 5.5% in China, though 15.1% spoke only Cantonese at home and 4.9% spoke Mandarin.
It is being sold by Bookallil Investments (Cabramatta) Pty Ltd.
The current gross annual rental (excluding the vacant flat) is around $300,000 plus GST.
It goes to auction on Tuesday June 25. It is being sold by Raine &amp; Horne agent Michael Laing.
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awalsh-7Ub9EypybQ

Tightly held Vietnamese restaurant block up for grabs in Cabramatta for $3.75 million plus

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Prospective tenants at Melbourne’s new $670 million fruit and vegetable wholesale market have sought an injunction on lease signing through the Victorian Supreme Court yesterday.
The Melbourne Market Authority is relocating the Footscray Road market to a new site in Cooper Street, Epping but the tenants are facing rents almost double what they are currently paying.
The 108 traders at the Footscray Road site are under pressure to sign leases at the new site before May 31 or risk losing their allocation when the leases go to national tender in June.
Just two of the traders have already signed.
The tenants, represented by Nunzio Lucarelli QC, accused the Melbourne Market Authority of “unconscionable conduct” under consumer law by pressuring them to sign at much higher rents, The Australian Financial Review reported.
They told Justice Peter Vickery rents will rise from $273 per square metre annually to $478 per square metre annually and tenants who also require warehouse space are being asked to sign leases without knowing the details of the storage space.
“They are being asked to commit to one part of the puzzle without knowing the other part of the puzzle,” Lucarelli reportedly told the court.
He said the MMA are using “pressure or unfair tactics” to “corral” the stallholders into signing the leases.
But the MMA, represented by Michael Wyles SC, said the dispute was not open for the court to decide as the market was implementing government policy.
He said even a short injunction could delay the market opening until 2015.
The case will be decided on Friday.
The new market facility has been fraught with controversy as rents increase and the number of stall holders is reduced.
The Weekly Times Now reported the annual market turnover could fall could fall from $1.6 billion to $600 million.
It reports the market is too small to accommodate all standholders - 480 down to about 216 – with some standholders going from having 20 stands to just one.
Stall sizes will reportedly be reduced from 21 square metres to 17.28 square metres while the aisles are too small to allow trucks inside or let fork-lifts turn around.
But none of the information is official and standholders say they are being left in the dark.
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West Melbourne wholesale fruit and veg stallholders seek lease injunction over site relocation

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An unnamed capitalist in the Goldman Sachs elevator was allegedly heard chatting about the importance of hedging at their estate in the Hamptons, home of the most expensive real estate in America.
They were presumably running late to head for the Hamptons where the start of summer season kicked off last weekend on Memorial Day. 
<img src="/images/stories/2013/05/tweetofthedaymay29.jpg" width="470" height="308" alt="tweetofthedaymay29">
The Hamptons are home to some of the most decadent of Memorial Day weekend celebrations. One catering company was offering a $25,000 bottle of Dom Pérignon chilled during a 10,000-foot free-fall and served by a skydiver. It's not known if anyone was silly enough to incorporate it within their celebrations.
Property Observer gleans Hampton home-owners there are reportedly worried by the influx of young party-makers driven north by the devastation of Jersey Shore caused by hurricane Sandy.
It was recently revealed that billionaire mayor of New York, Michael Bloomberg bought a house and a vacant block next to his 14-hectare estate Southampton.
And Jennifer Lopez reportedly just spent $10 million on an <a href="https://www.forbes.com/sites/trulia/2013/05/14/jennifer-lopez-buys-10-million-mansion-in-the-hamptons/">eight-bedroom custom mansion</a> in Water Mill.
The Twitter account is a satirical exposé of the lifestyle and hubris of America's best-payed bankers.
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Tweet of the day: Hamptons gossip overheard in Goldman Sachs lift

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A Melbourne development site and film production studio has sold for $3.5 million.
The Elsternwick property (pictured below) at 15-19 Gordon Street, in Melbourne’s inner south comes with a two-storey office and a laboratory that was formerly occupied by Cinivex Film Laboratories and most recently by production company Deluxe.
{yoogallery src=[images/stories/2013/05/may22deluxe]}
It was sold by Agent Grange Property Consultants director Joel Wald who negotiated the off market sale on behalf of Elsternwick Properties Pty Ltd.
The 1,160-square-metre site is opposite Elsternwick train station and close to the Glen Huntly Road retail precinct.
It was bought by a Melbourne-based purchaser who is considering its options including a continuation of the current use and possible development of the site.
It comes with more than 20 car spaces.
Deluxe have worked on films such as The Sapphires, which was filmed in New South Wales and Vietnam.
And the property is <a href="https://www.realcommercial.com.au/property-offices-vic-elsternwick-500541927" target="_blank">up for lease by Colliers</a>.
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Melbourne development site and film production studio sells for $3.5 million

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An American mid-west style barn-cum-house in a semi-rural location remains on the market after being listed for more than a year.
The Americana dream house in Garfield, 70 kilometres south-east of Melbourne, was listed for sale by a vendor with a passion for all things Americana.
He built the house at <a target="_blank" href="https://cranbourne.ljhooker.com.au/F3ZFBS">440 Fourteen Mile Road</a>, which is ideal for horse owners, on top of a barn in classic American style.
Upstairs is a four-bedroom residence with timber floorboards, dark-tiled bathroom and a large kitchen for large American meals.
LJ Hooker agent Graeme Dimsey <a target="_blank" href="https://www.propertyobserver.com.au/victoria/midwest-american-style-barn-on-the-market-in-garfield-victoria/2012060755035">had been expecting to sell the property for $1.3 million</a> on its initial listing. The price is curently undisclosed.
In January it was listed for rent at $600 per week, according to RP Data.
Much of the wood used on the property is reclaimed timber from a jetty in Queenscliff.
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Victorian Americana barn: trophy barn listing

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Harry Triguboff opened the doors of his private mansion estate in Vaucluse to Channel Seven’s Today Tonight earlier this month.
In a five minute <a target="_blank" href="https://www.youtube.com/watch?feature=player_embedded&amp;v=DqqdPi2tHBQ">segment</a> Triguboff showed reporter Laura Sparkes around his “little house” while discussing his secrets to success.
<img alt="triguboffmay27two" height="260" width="470" src="/images/stories/2013/05/triguboffmay27two.jpg">
During the slot he revealed his limited edition Bentley (pictured below), one of only two in Australia.
<img src="/images/stories/2013/05/triguboffmay27one.jpg" width="470" height="289" alt="triguboffmay27one">
He discussed how money doesn’t actually mean that much to him beyond making business easier.
“You have to work hard. The more money you have the harder you have to work, that’s for sure. If you think that by having money you work less you soon won’t have it,” Triguboff says.
He tells Sparkes his success came from having one idea and he stuck to it.
“I never built even one cottage. I never went into subdivision. I never went into commercial. I only stuck to one thing,” he told Today Tonight.
“I saw that was where the movement was. And I saw it 50 years ago, not today. And I had lots of fights because they were telling me how Australians had to have a quarter acre block but I told them that’s not true. Some do and some don’t.
“It used to be the dream. So what? They can’t do it.”
He says the apartments are like his babies and he loves them all.
Triguboff says part of the secret to his success is having the cash to do what he wants without being badgered by lenders.
“I need money to make money to grow. To buy blocks of land at $100 million a pop you have to have money.”
“It’s very hard if you have to run to the bank to ask for money because they will start telling you ‘can you afford, can’t you afford it? Is it good is it bad’. This way I don’t have to talk to anyone. I have the $100 million and I do what I like.
“When I grew up no one had that kind of money so none of us knew it. It was just the evolution of time. And it is hard to conceive because how much money do you really need?”
He runs the company according to his whims and Triguboff has last say in all decisions.
“I listen to everybody. I ask their opinion I listen to it and then I decide and that’s what we do.”
Having just turned 80 Triguboff plays down speculation of retirement.
“I feel very well. I felt very well when I was 20 and I am feeling very well when I am 80. Mind you I can’t run as fast and I can’t swim as fast,” Triguboff says.
“I think that you should try and do everything you could as long as you can. You work as long as you can, you drive as long as you can, you run around with women as long as you can.
“I will retire when I become useless and I will the first to understand that. And I will be very quick in retiring.”
He says there will no slowing down for him or Meriton.
“The opportunities are bigger, the country is bigger. More money.”
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Meriton's Harry Triguboff shares his business secrets - no cottages, no subdivision

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An iconic Sydney bar and microbrewery on King Street Wharf has been listed for lease transfer.
King Street Brewhouse, formerly known as James Squire Brewhouse, has been listed for lease transfer six years after the current owner leased the premises.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17one.jpg" alt="brewhousemay17one" width="470" height="336">
He says there has been international interest in the property ranging from restaurants, liquor retailers, local publicans, property investors and everything in between. Given the current interest in the sale he says it is hard to gauge a  price.
According to the information memorandum for the property strong historical tenancy demand in the area has average rents at between $1,500 to $2,000 gross per square metre in comparable premises.
Graeme Thompson, the vendor, has been running the pub independently of James Squire who abruptly left the business in 2010, taking its brewing license with it.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17two.jpg" alt="brewhousemay17two" width="470" height="402">
<a href="https://rca.joneslanglasalle.com.au/property-hotel+leisure-nsw-sydney-500729743" target="_blank">The 24-hour pub</a> operates as a restaurant, bar and microbrewery. In the year ending December 2012 it made $3.6 million in profit, down from $4.3 million the year before.
 
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In April 2013 a new brewing license was approved and the microbrewery has restarted operations as Red Tape Brewing. It reportedly earns a 92% profit on all self-brewed beer sold in the premises.
The license reportedly took some time to grant due as the ATO would not grant a new licence due to past tax debts relating to another venture in Melbourne which has ceased operations.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17three.jpg" alt="brewhousemay17three" width="470" height="320">
Graeme Thompson obtained the lease for $14 million, according to lease transfer documents. Though listing agent John Musca says the sale was complicated and may not represent its true value. It was last valued at $22 million in 2007.
The 1315 square metre site is on a 99-year lease from the Waterways Authority which was signed in 2000. All other land within the King Street Wharf precinct has head leases from the Waterways Authority to Brookfield Multiplex.
The pub, next to Bungalow8, Nicks Seafood and Grill, Malaya Restaurant, Cargo Bar, is one the largest tenancies available on King Street Wharf.
The premises have five areas all serviced by one U-shaped wraparound bar over two levels separated by few internal steps and there is an extensive beer garden.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17four.jpg" alt="brewhousemay17four" width="470" height="313">
The site has the potential to be licensed for 900 people.
The information memorandum for the listing says the only recent comparable sale was the Pier 26 venue nearby (now known as Helm Bar) which sold for $17.5 million at an initial yield of 9.8% and with a turnover of $87,970 per week at the time of sale. It was sold by Listed company Amalgamated Holdings to Sydney hotelier Peter Wadsworth.
The lease term at the time of sale was 80 years and the operating floor area an estimated 700m2.
 
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<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17five.jpg" alt="brewhousemay17five" width="470" height="312">
Businesses in the area are known to pay in excess of $1.5 million per annum in rent.
The microbrewery has four 800 litre holding tanks with a capacity for production of 41,600 litres per annum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/05/brewhousemay17six.jpg" alt="brewhousemay17six" width="470" height="303">
It is reportedly being sold due to the “recent ill-health of the owners and their inability to manage the business, and more-so drive the business, coinciding with the vacation of James Squire, also had an understandable negative effect on revenues and earnings”.
It is being handled by Jones Lang LaSalle Hotels and Hospitality national director John Musca.
The site is right next to the multi-billion-dollar Baranagaroo development and is expected to receive a significant number from patronage from workers at site and later residents.
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Former James Squire Brewhouse on King Street Wharf listed for sale

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Nearly half a million people in WA have indicated they plan to move house in the next three years with a strong push by renters looking to buy, according to the Australian Bureau of Statistics.
Most (87%) of the 491,000 adults planning to move want to stay within WA, according to the results of the 2012 WA Housing Motivations and Intentions Survey released today. The remainder will either move interstate or overseas or were unsure where they would move.
Just over half of those looking to move within WA were renters.
Most people looking to move within WA said they would prefer their next dwelling to be a separate house.
Of those looking to move, just under half had lived in their current home for less than two years and a 24% had lived in their current home for between two and five years.
Of the 429,000 adults planning to move within WA, 47% planned to move within the next 12 months.
And 61% intended to move within the Greater Perth area, with 4% to move from elsewhere in WA to Greater Perth.
Appearance and layout was a decisive factor when choosing a new place to live for just under half those looking to move while 44% said a better quality residence was important.
Familiarity with an area was a strong influence when choosing their future location for 42% of future movers within WA, while being close to family or friends and access to facilities and services such as shops or schools mattered to 38%.
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Half a million WA people looking to move but 87% intend staying within WA

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Beleaguered coal baron Nathan Tinkler, who just dropped off the BRW Rich List, has listed his $5.2 million mega-mansion on a four hectare acreage outside Brisbane. 
Rebecca Tinkler bought the property in 2007 for $5.2 million. It's among several trophy homes owned by the family.
Last year Tinkler came 34th on the BRW Rich 200 with estimated net wealth of $915?million, but this year he fell under the $235?million threshold.
It is being sold by Benjamin Smith and Kel Goesch from BrisbaneRealEstate.com.au.
Fairfax Media reports the house is likely to resell for between $4 million and $5 million at its June 15 auction.
The seven-bedroom, five-bathroom estate comes with a vast array of features to keep any buyer occupied for months. The Pullenvale home in nestled in the hills 15 kilometres west of Brisbane.
It has a resort-style spa and pool with two waterslides and a poolside bar. The pool area leads into the professional gym and sauna room.
Inside the 1600 square metre house there is an 18-seater home cinema which is currently furnished with an arcade style basketball game and a state of the art sound system.
Outside is a floodlit champion size tennis court for night time games of tennis and pictures reveal a private golf green at the front of the four hectare block.
There are also stables and paddocks  for a number of horses if the purchaser is an equine enthusiast.
There is a 3,500 bottle climate controlled cellar seating inside for 12 people. And most of the guests will be able to stay given there is parking for 9 cars and a separate guest quarters two bedrooms and one bathroom.
And to keep the kids entertained there is a children's playground area.
Inside, as well as the exceptionally well appointed kitchen there is a teppanyaki bbq grill with seating for eight people.
There is a pool room which features arcade games and a four-seater bar. Guests enter the house by walking past the waterfall which cascades into a welcoming pond.
Tinkler has spread his collection of sports memorabilia and Hollywood minutia around the timber-floored house.
Tinkler currently retains homes at Merewether in the Newcastle beachside precinct and his $11.5 million oceanfront mansion on Sapphire Beach, Noorinya. 
Noorinya sits at the top of the list of Nathan Tinkler's private property assets, should he seek further funds to get himself out of his current business liquidity situation.
But having paid $11.5 million, it's in a league of its own when it comes to the prestigious second home coastal market.
The mining magnate smashed the mid north coast record in 2008 when he purchased Noorinya, on a Sapphire Beach headland, for $11.5 million from Microsoft pioneer Jaybe Ammons.
Noorinya, with 1.8 hectares of private headland, comes with lap pool and a secluded beach.
The following year Stockland’s David Pitman and ABN Amro’s Simon Perrott purchased oceanfront properties from developer Barry France on the next headland along at Sapphire Beach.
{qtube vid:=BYSuZ5PkBg8&amp;feature=plcp}
 
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 Ammons and his wife, Shelly, had spent about $2.75 million on the site amalgamation, including a $1.85 million purchase from hospital industry operator Paul Ramsay in 1999. Locals say the family used it regularly during the early years of ownership, but not much recently since the family relocated from their Newcastle base to Singapore.
Last June the Hunter Sports Group boss Troy Palmer was the immediate direct beneficiary of his boss Nathan Tinkler’s decision to quit Newcastle for Singapore.
Palmer bought one of Tinkler’s redundant beachside Merewether properties (pictured below) for $2.8 million – at under the commonly believed market value.
<img src="/images/stories/2012/06/bermer.jpg">
Tinkler bought the four-bedroom, three-bathroom 2006-built Merewether house for a then bullish record-setting $4.3 million in 2008 from the rugby league legend Andrew Johns.
Palmer’s same-day exchange settlement was in wife Emma’s name last month. The 34% price drop shocked several estate agents. “It turns out Nathan Tinkler's sale was a 'friendly deal', so should be seen as out of line by valuers,” one agent tweeted.
<img src="/images/stories/2012/06/bermerflicker.jpg">
Prior to working at the Tinkler Group, the Newcastle-born and raised Troy Palmer was the chief financial officer of Bluetongue Brewery, another well-known Newcastle organization.
Palmer was responsible for the acquisition of the Newcastle Knights and Newcastle Jets.
Tinkler retains his other Merewether holding, a two-block 1,587-square-metre amalgamation overlooking Bar and Dixon Park beaches, which cost an $8.8 million total in 2008. Locals reports it’s been in limbo since a development application for a six-bedroom Rosie Stollery-designed compound was approved in June 2011.
Video source LJ Hooker, 2008 marketing campaign
Video prepared by HTM Digital
 
 
 
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Nathan Tinkler lists indulgent Brisbane acreage mansion 

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The Australian Bureau of Statistics isn’t all just number bods – they’ve released a mobile game that lets users take control of Australian neighbourhoods.
Run That Town allows users to take control of any town in Australia and control it using real census data.
<img alt="runthattownjune19one" height="603" width="400" src="/images/stories/2013/06/runthattownjune19one.jpg">
Users will have to consult with locals to make popular decisions, start projects and tackle vital issues.
Players of the <a target="_blank" href="https://runthattown.abs.gov.au/">iPhone and iPad only app</a> can then read about their exploits in the local paper.
<img alt="runthattownjune19two" height="604" width="400" src="/images/stories/2013/06/runthattownjune19two.jpg">
“Have you ever thought your town could be run better? Why don’t we put you in charge,” the game asks.
“What kind of leader will you be? Will you be treated to a ticker tape parade, or chased out of town by an angry mob?”
It works for any postcode in Australia.
<img alt="runthattownjune19three" height="606" width="400" src="/images/stories/2013/06/runthattownjune19three.jpg">
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Run your neighbourhood with ABS game

<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.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“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.

&nbsp;

[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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Alistair Walsh

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