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Quest Serviced Apartments has opened its newest operation at Berrimah in Darwin’s eastern suburbs.
The Quest Berrimah at 4 Berrimah Rd has 88 studio apartments and one bedroom serviced units. It was developed by PTM Group, the same developer that partnered with the company for the Quest Parap.
Quest chief executive Zed Sanjana says the Northern Territory is an important part of Quest’s growth strategy given the unprecedented level of economic activity there.
“Employment opportunities are expected to continue increasing, with Deloitte Access Economics forecasting an additional 16 000 jobs in the territory between 2012 and 2017; an average annual increase of 2.5%,” says Mr Sanjan
Prices start at $193 a night. The Quest Berrimah franchisees are Mark Lisiecki, and Richard and Trisha Hartshorn.
The new operation is one of ten new Quest properties to open this financial year including operations at Melbourne Airport, Townsville, Newcastle West, Toowoomba plus the recently opened apartments in King William South and Woolloongabba.
 
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Quest opens Berrimah, Darwin serviced apartments

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Mirvac has secured Australia’s first government backed 6-star energy rating for office building Sirius House in Canberra.
The National Australian Built Energy Rating System (NABERS) provides a star rating for the environmental performance of offices, shopping centres, hotels and homes.
Mirvac is the first to rate 6 stars for a major office building. Using Greenpower, the 10-level Furzer Street building in Phillip emits 50% less greenhouse gases than a 5-star rated building. Owners and tenants drive NABERS assessments.
Mirvac’s Group Executive, Office and Industrial Operations, Ben Hindmarsh says the result follows a number of recent sustainability initiatives.
“The solar PV system alone delivers a reduction of approximately 100 tonnes of greenhouse gas emissions per annum, which is the equivalent to the annual emissions of 30 cars,” says Hindmarsh.
The rating is extrapolated from 12 months of measured data from water and power usage along with a waste audit. Using algorithms NABERS, which is managed by the NSW Government’s Office of Environment and Heritage for the Federal, state and territory governments, compares one property with similar buildings in the same location.
Mirvac’s 46,000 square metre Sirius House previously rated at 5.5-star with NABERS for two years.
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NABERS success for Mirvac's Sirius House, Canberra

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The fault line between Redfern and Chippendale continues to blur with the $4.1 million sale of a unique commercial and residential melange on the Redfern side of the tracks.
The two buildings at 146 and 148 Abercrombie Street have a combination of gallery space, upper-level studio and office space in 148 while next door has ground floor warehouse space and mid-level office area that is crowned by a New York-style loft apartment. 
The package comes with two bedrooms, two bathrooms and parking for one. The land area is 316 square metres and the building area is 599 square metres. 
The vendor was Associated Displays Pty Ltd – which is owned by a couple from the NSW Central Coast (she inherited it from her father along time ago). It is likely the buildings will be converted in a single residence.
The corner building at 146 is leased until November 2014 for $51,999 without an option creating an immediate opening for rental growth. The adjoining property is subject to a lease until August 2015 with a three-year option for $27,851 a year. It was sold by First National Spencer &amp; Servi’s David Servi.
Based on these figures the current yield would be 1.9% in an area that attracts a residential yield of 3.8%
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$4.1 million Redfern residential conversion sale

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The Sydney buyers’ agent Chris Gray has explored what type of inner city investment property $500,000 can buy.
He looks at an offering in a block of 27.
{qtube vid:=Syid_9HADYs} 
He discusses his outlook on <a href="https://www.youtube.com/watch?v=Syid_9HADYs" target="_blank">Your Property Empire</a> at 6.30pm on Sky News Business.
Gray also talks to Arthur Charlaftis of realestate.com.au about the issue of property sizes.
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Price, size and recent sales: Chris Gray's Purchase or pass

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Melbourne’s cheapest auction sale price at the weekend auction's was in the southeast suburb of Noble Park, according to Australian Property Monitors. The three bedroom, two bathroom stand-alone townhouse apartment at 2/10 Henry Street sold for $450,100, through Ray White Noble Park agent Jaymee Le having been listed with expectations of more than $360,000.
According to RP Data the median asking rental in Noble Park is $285 a week. The sale would reflect a yield of just over 3% for the investor.
The median house price for the area is $400,000, while apartments are pegged at $306,000.
Competition for the air conditioned brick property ensured that it sold for about $90,000 more than the reserve.
Its auction listing took only 28 days from listing to sale in a suburb where the average number of days on the market is 69.
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Noble Park three bedroom townhouse fetches $450,100

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Sydney’s most affordable property reported sold at weekend auction was a one bedroom apartment in Narwee, in the southern suburbs.
The top floor 5/33 Graham Road unit sold for $325,000 <a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/narwee/?adid=2011409446" target="_blank">through L.J Hooker Riverwood</a>, according to Australian Property Monitors, under instruction from NSW Trustee &amp; Guardian.
The 1986 block's last and highest previous sale was $319,000 when a one bedroom apartment sold earlier this year, and then was put up for $310 a week rental. Based on these figures the sale would reflect a yield of about 5%.
The median price for an apartment in <a href="/news">Narwee</a> is currently $421,000, which is a down from last year's price spike of $550,000 an apartment.
The median asking rent for apartments in Narwee is currently $380 a week, according to RP Data. 
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Narwee one bedder Sydney's cheapest auction sale

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When investing in property in Bali the top priority is to acquire a very thorough understanding of how real estate can be held buy a foreigner.  
To own freehold land, you must be Indonesian. Foreigners are forbidden to own any property outright in Bali.
However, a series of foreign-investor friendly governors have ensured that attractive long leaseholds and right-of-use permits are in place to safeguard the island’s position as an investment haven. It is a road well trodden by investors, particularly Australians who are the island’s most common foreign investors.  
An expatriate buying a property is allowed through a government issued right-of-use permit, which is a renewable document that typically lasts for 25 years.
The price of the permit varies depending on the size and location of the land, but the rule-of-thumb is that a permit costs 1 % of the purchase price. If the property is sold again to another foreigner before the permit expires, it is essentially a transfer of the permit – much like and Australian land title. Alternatively, a foreigner can buy a 50-year leasehold  
Buying a right-of-use provides legal protection to the investor during the term of the lease, however, once the lease term has expired the agreement can be extended or the property reverts back to the local owner.
There are no known cases where a foreign investor has been diddled out of a holding when a permit expires.  
Another way to secure your piece of paradise is through an Indonesian nominee, which means handing 100% ownership of your property, to an Indonesian national.
While this method sounds risky, it has long been the preferred method for many Australian property developers to secure land.
However, these millionaires usually possess a long list of contacts on the island and have huge wealth to help them through any potential legal wrangles, should they arise.  
It is important to hire an experience notary to handle the transaction and the island has plenty of well regarded professionals.
Other important costs to keep in mind is the 10% transfer fee, which is equally shared by vendor and purchaser for right-of-use permits while for long-term leases, the seller pays the full 10%.
Another thing to watch out for is currency fluctuations. Many Australians have recently been stung by the fall in the Australian dollar, increasing an agreed sale price by ten of thousands of dollar.
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How to buy a property in Bali

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The rich and stylish of the Philippines have a new luxury brand development to buy into.
<img src="/images/stories/2012/11/cielo5.jpg">
Acqua Iguazu is the fifth building of a US$41.4 million six-tower development in Manila, but it is the first collaboration between Philippine developer Century Properties, London interior design outfit "Yoo inspired by Starck" and British real estate magnate John Hitchcox.
 
<img src="/images/stories/2012/11/cielo2.jpg">
The top levels of the 56-floor tower will have an amenity deck designed by "Yoo inspired by Starck" and called the Cielo, which has a dining room, library, a movie room and fabulous pool.
<img src="/images/stories/2012/11/cielo3.jpg">
There will be 400 apartments, ranging in size from a 26-square-metre pad to three-bedroom apartment over 115 square metres.
<img src="/images/stories/2012/11/cielo4.jpg">
The average price is US $3,700 (A$3,560) a square metre. It is expected the property will realise US $85.5 million and US $365 million for the entire project. The development looks down on the Pasig river between Mandaluyong, a commercial city known for its shopping malls, and Makati, the business district of Manila. 
<img src="/images/stories/2012/11/cielo.jpg">
Design features include a spherical accent crowning the tower, which references the sun and moon, and three show units themed as Minimal, Nature and Culture will be open for inspection from this week.
<img src="/images/stories/2012/11/cielo6.jpg">
The launch of Iguazu follows the successful sales of Acqua's previous four towers; the Niagara, Sutherland, Dettifoss andAcqua Livingstone, with interiors by MissoniHome.
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Yoo inspired by Starck luxury development launches in the Philippines

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Tasmania’s extraordinary Museum of Old and New Art (pictured below) has won the prized Sir Zelman Cowen Award for Public Architecture 2012.
{yoogallery src=[images/stories/2012/10/nov1mona]}
Melbourne architects Fender Katsalidis received the honour at the Australian Institute of Architects 2012 National Awards.
It is the first time in the award’s 31-year history that a Tasmanian building won the coveted title.
The jury, which comprised of immediate past president Brian Zulaikha, Kerry Hill, Richard Johnson, Amy Muir and Juliana Engberg, found MONA to be a powerful and entertaining experience for displaying and engaging with art within a steel container that is already weathering inexorably into the landscape – creating one of the best examples in the country of the benefits of cultural tourism.
<img src="/images/stories/2012/10/shearer1.jpg">
The Robyn Boyd Award for Residential Architecture Houses went to John Wardle Architect’s for the Shearer’s Quarters on Tasmania’s Bruny Island (pictured above and below). The building houses travelling shearers and rural workers in the region.
<img src="/images/stories/2012/10/shearer2.jpg">
Zulaikha, who chaired the jury, says winning projects embody best practice principles, showcase sustainable solutions and become part of Australia's architectural history.
“We travelled the suburbs of Fremantle, Sydney, Melbourne, Adelaide, Hobart and Brisbane, where architects had found a link to their own ideas and created meaningful contributions to the broader community. With poetics of space and materials the winners have enriched our communities, and skillfully advocated for the quality of our profession and our professionalism,” Zulaikha says.
The awards, which were held in Perth’s historic Midland Railway Workshops, are the nation’s most prestigious awards in the design and construction industry.
<img src="/images/stories/2012/10/bligh1.jpg">
The Harry Seidler Award for Commercial Architecture was picked up by archiectus + ingenhoven architects for 1 Blight Street, Sydney (pictured above), while the late, great Harry Seidler won the National Enduring Architecture Award for Australia Square in Sydney.
<img src="/images/stories/2012/10/swifts.jpg">
Another Sydney legend – The Swifts at Darling Point (pictured above)– claimed the Lachlan Macquarie Award for Heritage for Clive Lucas Stapleton &amp; Partners’ restoration of the 56-room Victorian Gothic mansion.
Other winners include:
The Fredrick Romberg Award for Residential Architecture – Multiple Housing went to BVN Architecture for? Monash University Student Housing.
PTW Architects for the John Kaldor Family Gallery at the Art Gallery of NSW collected the Emil Sodersten Award for Interior Architecture.
The Walter Burley Griffin Award for Urban Design was awarded to Peter Elliott Architecture + Urban Design for the University Lawn Precinct RMIT University.
The Jørn Utzon Award for International Architecture went to FMJT + Archimedia for the Auckland Art Gallery Toi o T?maki.
The COLORBOND Award for Steel Architecture went to Allen Jack + Cottier Architects for Milson Island Sports Stadium.
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MONA architects Fender Katsalidis win prestigious Sir Zelman Cowen Award for Public Architecture

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Cheaper Paddington property keeps turning over, but it’s too early to suggest any sizzle is returning to the market.
Two kitchen queens and an artist have recently sold their Paddington properties for at or above expectations.
Food writer Loukie Werle settled the $2,235,000 sale of the Bent Street house that cost her $202,500 in 1985. The hopes were around $2.2 million through GoodyerDonnelley.
Artist Michael Johnson’s Duxford Street terrace settled for $1.95 million, which was $50,000 more than the earmarked reserve but a tad less than the $2.01 million he paid for it in 2009.
{yoogallery src=[images/stories/feb23donnahay]}
<a href="https://www.propertyobserver.com.au/new-south-wales/donna-hays-paddington-terrace-off-the-burner-as-buyer-takes-a-%2423-million-bite-title-tattle/2012050854619">Kitchenista Donna Hay and husband Bill Wilson pulled $2.3 million for their Windsor Street terrace</a> (pictured above), which had cost them $1.42 million in 2003.
{yoogallery src=[images/stories/feb29liverpool]}
A little earlier this year thespian <a href="https://www.propertyobserver.com.au/new-south-wales/australian-theatre-doyenne-robin-nevin-sells-paddington-terrace-title-tattle/2012022853602">Robyn Nevin sold her Windsor Street house (pictured above) for $1,315,000</a>, having paid $145,000 for it in 1983.
McGrath Partners agent Ben Collier says the $1 million to $2 million market is the most steady in Paddington and a buzz is returning.
“Paddington is a real barometer for all of Sydney, so these recent sales are encouraging,” says Collier.
After a virtual drought of big-ticket buyers, several impressive sales have emerged, with a Flinton Street terrace fetching $3.81 million and a freestanding house on Goodhope Street trading for $5.6 million.
Figures released by Australian Property Monitors (APM) show that just 39 Paddington terraces changed hands in March this year with a median price of $1.35 million, which is down 3.2% on the previous March. However, sales are down on 2010, when 63 terraces traded with a median price of $1.38 million.
“There has been a market correction, but it is less significant in Paddington than in others areas. However, some vendors are not acting on the activity,” says Collier.
The owners of a five-bedroom, six-bathroom Paddington Street terrace rejected $9 million offer late last year, and nothing close to that has reappeared on the table since then.
{yoogallery src=[images/stories/november8collette]}
Another listing that involved actress <a href="https://www.propertyobserver.com.au/new-south-wales/fickle-toni-collette-being-sued-over-property-change-of-heart-in-paddington/2012031353824">Toni Collette and husband David Gallafassi</a>, who allegedly agreed to pay about $6.35 million on Stewart Street terrace, highlighted the top-end difficulties given it resold last week at about $5.5 million.
<img src="/images/stories/elizst.jpg" width="470">
Last month Toni Collette’s theatrical agent and friend Ann Churchill-Brown listed her Elizabeth Street property (pictured above) for June 2 auction. Its still available through Ben Collier with $3 million plus expectations.
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Paddington property market warming, but too soon to tell if the sizzle is back

<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.

&nbsp;

[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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[smartcode_project_cta:default project_id=152737]

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Andrea Dixon

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