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<img src="/images/stories/2012/09/3point6percent.gif">
The median gross rental yield landlords are securing for houses in Melbourne, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data. </a> The median house price was $495,000 in August.
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<img src="/images/stories/2012/09/4point3percent.gif">
The median gross rental yield landlords are securing for houses in Adelaide, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $386,000 in August.
 
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The median gross rental yield landlords are securing for houses in Sydney, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $590,750 in August.
 
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<img src="/images/stories/2012/09/4point5percent.gif">
The median gross rental yield landlords are securing for houses in Perth, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $465,000 in August.
 
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<img src="/images/stories/2012/09/4point5percent.gif"> 
The median gross rental yield landlords are securing for houses in Canberra, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $540,000. 
 
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<img src="/images/stories/2012/09/4point7percent.gif"> 
The median gross rental yield landlords are securing for houses in Brisbane, according to<a target="_blank" href="https://www.myrp.com.au/" style="font-size: 13px;"> RP Data.</a> The median house price was $430,000 in August.
 
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<img src="/images/stories/2012/09/5point2percent.gif">
The median gross rental yield landlords are securing for houses in Hobart, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $285,000 in August.
 
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<img src="/images/stories/2012/09/5point8percent.gif">
The median gross rental yield landlords are securing for houses in Darwin, according to<a target="_blank" href="https://www.myrp.com.au/"> RP Data.</a> The median house price was $545,000 in August. 
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cknowlton-QnEa6ntUYP

Melbourne landlords still reaping lowest rental returns for houses: RP Data state-by-state analysis

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Jindabyne, in the Snowy River Council area of New South Wales, leads the regional NSW list compiled by RP Data of suburbs where it is cheaper to buy a unit than to rent one.
RP Data compared the cost of a mortgage vs the cost of renting in four different ways: 1, Principal and interest loan on a variable mortgage rate; 2. Interest-only loan on a variable mortgage rate; 3. Principal and interest loan on a three-year fixed mortgage rate; and 4. Interest-only loan on a three year fixed mortgage rate.
The data contains both units and houses, but in most suburbs on the list it is cheaper to buy a unit than buy one.
The comparison does not take into consideration stamp duty, associated buying costs and strata fees, where applicable.
The median unit asking rent in Jindabyne is $450 a week, according to RP Data, which estimates it is $755 cheaper per month to buy a unit with a principal and interest variable mortgage than rent one.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2012/08/rpaug31.gif" title="Click to enlarge"><img src="/images/stories/2012/08/rpaug31thumb.gif"></a>
<a target="_blank" href="https://www.myrp.com.au/buyorrent">For the full list of all suburbs, </a><a target="_blank" href="https://www.myrp.com.au/buyorrent">visit RP Data's website.</a>
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The regional NSW suburbs where it is cheaper to buy than rent: RP Data

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A five-bedroom non-waterfront Mosman house that sold before auction for $3.4 million leads this week's sales, according to RP Data.
McGrath selling agent Nigel Mukhi describes it as "flawlessly detailed" in its marketing. The 699-square-metre property has a sheltered terrace and swimming pool, a double garage and Middle Harbour views. 
The property last sold for $3.2 million in 2007, according to RP Data. In its most recent sales campaign it had $3.5 million-plus price hopes.
Seven of the top 10 sales of the week were in New South Wales this week, with two in Victoria and one in South Australia.
 1. <a target="_blank" href="https://www.myrp.com.au/n/157-raglan-street-mosman-nsw-2088/myrp-490?propertyId=4502134">157 Raglan Street, Mosman, NSW, 2088</a>, five-bedroom house, sold prior to auction on September 1 by McGrath Estate Agents for $3.4 million
2. <a target="_blank" href="https://www.myrp.com.au/n/14-harbour-street-mosman-nsw-2088/myrp-490?propertyId=4485690">14 Harbour Street, Mosman, NSW, 2088</a>, four-bedroom house, sold prior to auction on September 1 by McGrath Estate Agents for $3.375 million
3. <a target="_blank" href="https://www.myrp.com.au/n/13-millicent-avenue-toorak-vic-3142/myrp-490?propertyId=13586764">13 Millicent Avenue, Toorak, VIC, 3142</a>, three-bedroom house, sold at auction on September 1 by Marshall White Armadale for $3.16 million
4. <a target="_blank" href="https://www.myrp.com.au/n/44-sunnyside-road-glen-osmond-sa-5064/myrp-490?propertyId=9601487">44 Sunnyside Road, Glen Osmond, SA, 5064</a>, four-bedroom house, sold at auction on August 29 by Harcourts Brock Williams for $2.85 million
5. <a target="_blank" href="https://www.myrp.com.au/n/19-18-college-street-darlinghurst-nsw-2010/myrp-490?propertyId=16001214">19/18 College Street, Darlinghurst, NSW, 2010</a>, two-bedroom unit, sold on August 30 by Belle Property Surry Hills for $2.41 million
6. <a target="_blank" href="https://www.myrp.com.au/n/6-cevu-avenue-willoughby-nsw-2068/myrp-490?propertyId=7592695">6 Cevu Avenue, Willoughby, NSW, 2068</a>, five-bedroom house, sold at auction on September 1 by McGrath Estate Agents for $2.3 million
7. <a target="_blank" href="https://www.myrp.com.au/n/5-35-william-street-double-bay-nsw-2028/myrp-490?propertyId=2119353">5/35 William Street, Double Bay, NSW, 2028</a>, three-bedroom unit, sold at auction on August 28 by BradfieldCleary for $2.2 million
8. <a target="_blank" href="https://www.myrp.com.au/n/1-canisius-close-pymble-nsw-2073/myrp-490?propertyId=5639145">1 Canisius Close, Pymble, NSW, 2073</a>, six-bedroom house, sold at auction on September 1 by Ray White Burns &amp; Burns for $2.16 million
9. <a target="_blank" href="https://www.myrp.com.au/n/41-smarts-crescent-burraneer-nsw-2230/myrp-490?propertyId=1647217">41 Smarts Crescent, Burraneer, NSW, 2230</a>, five-bedroom house, sold prior to auction on August 30 by Highland Property Agents for $2.15 million
10. <a target="_blank" href="https://www.myrp.com.au/n/24-cromwell-road-south-yarra-vic-3141/myrp-490?propertyId=13133044">24 Cromwell Road, South Yarra, VIC, 3141</a>, three-bedroom house, sold at auction on September 1 by Marshall White &amp; Co for $2.15 million
 
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Mosman non-waterfront leads top 10 sales of the week: RP Data

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Property Observer has scoured the most well-known mortgage comparison websites to determine the lowest variable rate home loan and one- and three-year fixed home loans currently available.
The following results are based on advertised mortgage rates listed by <a href="https://www.ratecity.com.au/" target="_blank">ratecity.com.au</a>, <a href="https://mozo.com.au/" target="_blank">Mozo.com.au</a> and <a href="https://www.infochoice.com.au/" target="_blank">infochoice.com.au</a> as of September 3:
Lowest variable rate offerings:
<table width="470" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="158" valign="top">
Provider
</td>
<td width="151" valign="top">
Loan name
</td>
<td width="123" valign="top">
Rate
</td>
<td width="132" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="158" valign="top">
UBank (NAB)
</td>
<td width="151" valign="top">
UHomeloan Refinance
</td>
<td width="123" valign="top">
5.62%
</td>
<td width="132" valign="top">
5.62%
</td>
</tr>
<tr>
<td width="158" valign="top">
Loans.com.au
</td>
<td width="151" valign="top">
Dream Catcher
</td>
<td width="123" valign="top">
5.65%
</td>
<td width="132" valign="top">
6%
</td>
</tr>
<tr>
<td width="158" valign="top">
My Mortgage Freedom
</td>
<td width="151" valign="top">
Low Rate +
</td>
<td width="123" valign="top">
5.66%
</td>
<td width="132" valign="top">
5.97%
</td>
</tr>
<tr>
<td width="158" valign="top">
Mortgage View
</td>
<td width="151" valign="top">
Mortgage View Pro Pack
</td>
<td width="123" valign="top">
5.7%
</td>
<td width="132" valign="top">
5.71%
</td>
</tr>
</tbody></table>
Lowest one-year fixed-rate offerings
<table width="470" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="137" valign="top">
Provider
</td>
<td width="123" valign="top">
Loan name
</td>
<td width="95" valign="top">
Rate
</td>
<td width="114" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="137" valign="top">
My Mortgage Freedom
</td>
<td width="123" valign="top">
Residential fixed one year
</td>
<td width="95" valign="top">
5.44%
</td>
<td width="114" valign="top">
6.06
</td>
</tr>
<tr>
<td width="137" valign="top">
CUA
</td>
<td width="123" valign="top">
Residential fixed one year
</td>
<td width="95" valign="top">
5.5%
</td>
<td width="114" valign="top">
6.22%
</td>
</tr>
<tr>
<td width="137" valign="top">
Newcastle Permanent
</td>
<td width="123" valign="top">
Residential fixed one year
</td>
<td width="95" valign="top">
5.59%
</td>
<td width="114" valign="top">
6.24%
</td>
</tr>
<tr>
<td width="137" valign="top">
IMB
</td>
<td width="123" valign="top">
Platinum Residential fixed $200k+
</td>
<td width="95" valign="top">
5.64%
</td>
<td width="114" valign="top">
6.58%
</td>
</tr>
</tbody></table>
Lowest three-year fixed-rate offerings
<table width="470" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="133" valign="top">
Provider
</td>
<td width="133" valign="top">
Loan name
</td>
<td width="97" valign="top">
Rate
</td>
<td width="108" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="133" valign="top">
My Mortgage Freedom
</td>
<td width="133" valign="top">
My mortgage freedom. fixed rate
</td>
<td width="97" valign="top">
5.44%
</td>
<td width="108" valign="top">
6.06%
</td>
</tr>
<tr>
<td width="133" valign="top">
Newcastle Permanent
</td>
<td width="133" valign="top">
Three-year fixed rate
</td>
<td width="97" valign="top">
5.59%
</td>
<td width="108" valign="top">
6.24%
</td>
</tr>
<tr>
<td width="133" valign="top">
Resi Home Loans
</td>
<td width="133" valign="top">
FlexiFix 75 three-year
</td>
<td width="97" valign="top">
5.69%
</td>
<td width="108" valign="top">
5.94%
</td>
</tr>
<tr>
<td width="133" valign="top">
Suncorp
</td>
<td width="133" valign="top">
My Home Package
</td>
<td width="97" valign="top">
5.72%
</td>
<td width="108" valign="top">
6.46%
</td>
</tr>
</tbody></table>
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar <a href="/news">Refinancing and the Interest Rates Riddle</a>
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Twelve of the lowest mortgage rates, fixed and variable, from 5.62%

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The west coast Tasmanian town of Queenstown leads the regional Tasmanian list compiled by RP Data of suburbs where it is cheaper to buy a unit than to rent one. 
RP Data compared the cost of a mortgage vs the cost of renting in four different ways: 1, Principal and interest loan on a variable mortgage rate; 2. Interest-only loan on a variable mortgage rate; 3. Principal and interest loan on a three-year fixed mortgage rate; and 4. Interest-only loan on a three year fixed mortgage rate.
The data contains both units and houses, but in most suburbs on the list it is cheaper to buy a unit than buy one. 
The comparison does not take into consideration stamp duty, associated buying costs and strata fees, where applicable.
The median house asking rent in Queenstown is $150 a week, according to RP Data, which estimates it is $140 cheaper per month to buy a house with a principal and interest variable mortgage than rent one.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/08/rpsept37.gif"><img src="/images/stories/2012/08/rpsept37thumb.gif"></a>
<a href="https://www.myrp.com.au/buyorrent" target="_blank">For the full list of all suburbs, </a><a href="https://www.myrp.com.au/buyorrent" target="_blank">visit RP Data's website.</a>
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The regional Tasmanian localities where it is cheaper to buy than rent: RP Data

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The regional South Australian town of Whyalla leads the regional South Australian list compiled by RP Data of suburbs where it is cheaper to buy a unit than to rent one.
RP Data compared the cost of a mortgage vs the cost of renting in four different ways: 1, Principal and interest loan on a variable mortgage rate; 2. Interest-only loan on a variable mortgage rate; 3. Principal and interest loan on a three-year fixed mortgage rate; and 4. Interest-only loan on a three year fixed mortgage rate.
The data contains both units and houses, but in most suburbs on the list it is cheaper to buy a unit than buy one.
The comparison does not take into consideration stamp duty, associated buying costs and strata fees, where applicable.
The median unit asking rent in Whyalla is $220 a week, according to RP Data, which estimatesit is $36 cheaper per month to buy a unit with a principal and interest variable mortgage than rent one.
Click to enlarge
<a href="/images/stories/2012/08/rpsept35.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/08/rpsept35thumb.gif"></a>
<a target="_blank" href="https://www.myrp.com.au/buyorrent">For the full list of all suburbs, </a><a target="_blank" href="https://www.myrp.com.au/buyorrent">visit RP Data's website.</a>
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The South Australian regional localities where it is cheaper to buy than rent: RP Data

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<a href="https://www.propertyobserver.com.au/residential/queensland-and-nsw-dominate-the-rp-data-suburb-locations-where-it-is-cheaper-to-buy-than-rent/2012082856283" target="_blank"><img src="/images/stories/2012/08/238.gif"></a>
The<a href="https://www.propertyobserver.com.au/residential/queensland-and-nsw-dominate-the-rp-data-suburb-locations-where-it-is-cheaper-to-buy-than-rent/2012082856283" target="_blank"> number of suburbs across Australia where it is cheaper to buy a home with a principal and variable interest rate mortgage than to rent one,</a> according to RP Data.  It's the outcome of home values being 5.9% lower than their previous highs and rental rates having continued to increase across most regions of the country.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/new-south-wales/ethical-investor-peter-hall-relists-customs-house-double-bay/2012082656200" target="_blank"><img src="/images/stories/2012/08/4point5mplus.gif"></a>
The<a href="https://www.propertyobserver.com.au/new-south-wales/ethical-investor-peter-hall-relists-customs-house-double-bay/2012082656200" target="_blank"> price hopes Peter Hall, from Hunter Hall, has for his Double Bay property</a>. Hall has decided he’s staying in London for the time being, and his 1860 Customs House property didn't sell when listed late last year.
 
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<a href="https://www.propertyobserver.com.au/victoria/the-simsons-sell-hawthorn-s-hartland/2012082756261" target="_blank"><img src="/images/stories/2012/08/3point3m.gif"></a>
The price<a href="https://www.propertyobserver.com.au/victoria/the-simsons-sell-hawthorn-s-hartland/2012082756261" target="_blank"> Stuart and Anne Simson secured for Hartland</a>, their grand Hawthorn home. 
 
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<img src="/images/stories/2012/08/8percent.gif">
The amount <a href="https://www.propertyobserver.com.au/residential/property-ownership-contributes-more-to-australia-s-gdp-than-mining-cameron-kusher/2012082756250" target="_blank">of Australia's GDP that home ownership contributes.</a> This compares with only 7.7% for mining. 
 
<hr>
<a href="https://www.propertyobserver.com.au/land/new-cars-%2410000-cheques-and-free-home-size-upgrades-six-spring-incentives-from-house-and-land-developers-and-builders/2012082756256" target="_blank"><img src="/images/stories/2012/08/10k.gif"></a>
The amount of money Stockland will give buyers of its house-and-land packages. <a href="https://www.propertyobserver.com.au/land/new-cars-%2410000-cheques-and-free-home-size-upgrades-six-spring-incentives-from-house-and-land-developers-and-builders/2012082756256" target="_blank">It is one of a number of developers offering incentives</a> to try and encourage sales in the lead-up to the spring selling season. Incentives include cash handouts, new cars, free house upsizings and zero deposit home loans.
 
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<a href="https://www.propertyobserver.com.au/victoria/grand-mt-eliza-home-passed-up-by-hugh-jackman-listed-for-auction/2012082956284" target="_blank"><img src="/images/stories/2012/08/6m.gif"></a>
The<a href="https://www.propertyobserver.com.au/victoria/grand-mt-eliza-home-passed-up-by-hugh-jackman-listed-for-auction/2012082956284" target="_blank"> price hopes for a Mount Eliza house </a>when it was inspected (and passed up) by Hugh Jackman in 2010. It has recently been listed for September 9 mortgagee auction. 
 
<hr>
<a href="https://www.propertyobserver.com.au/leisure/chinese-investors-eyeing-up-sunland-s-%2460-million-plus-palazzo-versace-on-gold-coast/2012082956306" target="_blank"><img src="/images/stories/2012/08/60mplus.gif"></a>
The <a href="https://www.propertyobserver.com.au/leisure/chinese-investors-eyeing-up-sunland-s-%2460-million-plus-palazzo-versace-on-gold-coast/2012082956306" target="_blank">price expectations for the Palazzo Versace hotel</a>. A Chinese group is doing due diligence and considering its acquisition of the luxury Gold Coast hotel.
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The 7 must-know numbers of the week, starting with the number of suburbs where it is cheaper to buy than rent

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3/31 Dover Road, Williamstown, Vic 3016
<img src="/images/stories/2012/08/doverrd.jpg">
The tenants of this one-bedroom apartment are paying $1,213 a month and are on a lease until March of next year. The ground-floor unit is within walking distance of The Strand Waterfront, Douglas Parade shops and cafes, as well as the train station. 
Williams Real Estate agent Lauren Montebello <a href="https://www.williamsre.com.au/property-details.aspx?id=4369&amp;from=searchlisting" target="_blank">is marketing the property</a> with price hopes of $280,000 plus, and if it sells for that price, that would secure an investor a gross rental yield of 5.2% at its current rent, well above the gross rental yield for Williamstown houses of 3.7%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees.
<a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $11,000.
The median house price in Williamstown fell 3.3% in the past year but rose 33.8% in the past five years, according to RP Data.
The property will go to auction Saturday, September 1 at 12.30pm.
For more information about prices and yields in <a href="/news">Williamstown, see the RP Data suburb page.</a>
For another investment prospect going to auction this weekend, see page 2.
<hr>
8 Henderson Street, Merrylands, NSW, 2160
<img src="/images/stories/2012/08/henderson.jpg" width="470">
The tenants of this two-bedroom house have been in residence for 15 years and are paying $425 a week. Laing + Simmons listing agent Jas Singh says it could potentially fetch $10 or $15 more a week but that the vendor is happy to have a stable tenant rather than insist upon market rent. The weatherboard cottage on 525 square metres has high ceilings, a garage and a small study. 
Singh <a href="https://www.laingsimmons.com.au/residential-sales/95012-8-henderson-street" target="_blank">is marketing the property</a> with price hopes in the "early to  mid-$400,000s", and if it sells for  $450,000 it would secure an investor a gross rental yield of 4.9%, about at the median gross rental yield for Merrylands houses of4.6%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees.
<a target="_blank" href="https://calc.washingtonbrown.com.au/wbdcalculator/calculator.aspx?RID=HPCAZOPTTT">Washington Brown</a> estimates the first-year tax depreciation deduction to be $3,000 and over five years to be $6,000.
The median house price in Merrylands rose 1.1% in the past year and rose 24.7% in the past five years, according to RP Data.
The property will be open for inspection Saturday, September 1 at 11.15 and will go to auction Saturday, September 22 at noon.
For more information about prices and yields in <a target="_blank" href="/news">Merrylands, see the RP Data suburb page.</a>
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Friday form guide: Yields of up to 5.2% in Williamstown

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Vendors were able to sell their properties in July without discounting as steeply as they did in June in most capitals, according to data released by Australian Property Monitors this week. 
The amount of discounting required fell slightly in Sydney (from 6.7% to 6.4%), Melbourne (7.5% to 7.3%) and Canberra (5.2% to 5%).
The drop was a little more pronounced in Brisbane (7.9% to 7.5%) and Hobart (10.2% to 9.7%). 
The average amount of discounting increased sharply in Darwin (from 5.5% to 6.5%), which was also the only capital city <a href="https://www.propertyobserver.com.au/residential/mixed-results-as-property-took-longer-to-sell-in-july-than-in-june-in-all-state-capitals-apm/2012082856282" target="_blank">where the number of days property lingered on the market increased</a>. 
The amount of discounting remained virtually the same in Adelaide (from 7.6% to 7.7%) and Perth (from 6.4% to 6.5%).
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2012/08/apmaug30.jpg" rel="shadowbox"><img src="/images/stories/2012/08/apmaug30thumb.jpg"></a>
Source: APM
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Property discounting down in most capitals: APM

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There were 854 sales in Perth this week, up from 559 the same week last year, according to the Real Estate Institute of Western Australia. 
<a target="_blank" href="https://reiwaviews.com.au/"><img src="/images/stories/2012/08/reiwaaug30.gif"></a>
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Perth sales up 52% on same week last year: REIWA

<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.

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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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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.

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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.

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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.

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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.

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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.

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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.

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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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Cassidy Knowlton

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