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Kerstin Thompson's House at Hanging Rock has won the top honour at the 2014 National Architecture Awards.
A favourite for the Robin Boyd Award for Residential Architecture, House at Hanging Rock also took out the Australian Institute of Architects Victorian award for best new house, the Harold Desbrowe-Annear Award for Residential Architecture – New, earlier this year.
The win seems fitting, as rumour has it artist Titania Henderson and her husband commissioned Kerstin Thompson Architects to design the home (pictured above) after they missed out on buying South Yarra's Walsh Street House. The former Boyd family home is now the headquarters of the Robin Boyd Foundation.
Titania and Ian Hendersen remain supporters of Boyd's architecture, and are donors to the foundation.
Overlooking Hanging Rock, the winning home is made of three parallel bands running east to west on a sloping block.
The central and largest section, which overlaps at the ends with the upper and lower bands, holds the kitchen, living and dining areas. The main bedroom suite and a study area are situated in the upper band, and a versatile studio and guest space are in the lower band.
Thompson's design allows the home to take in all aspects of the surrounding environment.
The use of brutalist materials is a defining feature of the house. In June, Titania Hendersen told Radio National's By Design: "This is an environment that has extreme weather conditions, so concrete was important to me. Of course concrete is very difficult to build, and that wasn't easy, but I'm very pleased that I chose this material."
The materials also give the house a high Bushfire Attack Level rating.
This year was the first time the National Architecture Awards divided the Residential – Houses category into new builds and alteration and additions.
West Australian practice Philip Stejskal Architecture won the inaugural award for alterations and additions for a Bellevue Terrace home, pictured below.
<img src="/images/2014/11/06/1Res-AA_PhilipStejskalArchitecture_BellevueTerraceAlterations_BoWong.jpg" alt="">
Source: AIA. Photograph by Bo Wong.
University of Queensland's Advanced Engineering Building by Richard Kirk Architect and HASSELL was the most awarded project of the night, taking home the Sir Zelman Cowen Award for Public Architecture, the Emil Sodersten Award for Interior Architecture and a Sustainable Architecture Award (pictured below).
<img src="/images/2014/11/06/Sustainable_RichardKirkArchitectHASSELL_UQAdvancedEngineeringBuildi_PeterBennetts.jpg" alt="">
Source: AIA. Photograph by Peter Bennetts.
The jury was headed by the Architecture Institute of Australia's immediate past present Paul Berkemeier.
"It is encouraging that so many projects embodied best practice with informed clients, effective procurement methods, appropriate funding models and intelligent architecture. This provides us with great optimism for the future of our public spaces – an area that has so often delivered dispiriting outcomes," said Berkemeier.
Oxlade Drive House in Brisbane by James Russell Architect won the first ever People's Choice Award (pictured below) ahead of last night's ceremony, where it also picked up the National Award for Residential Architecture – Houses (New).
<img src="/images/2014/11/06/8Res-New_JamesRussellArchitect_OxladeDriveHouse_TobyScott.jpg" alt="">
Source: AIA. Photograph by Toby Scott.
The full list of winners are on the next page. Please click below.
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 The National Architecture Awards 2014 winners:
Commercial Architecture
<ul>
<li>The Harry Seidler Award for Commercial Architecture: White Bay Cruise Terminal – Johnson Pilton Walker (NSW)</li>
</ul>
National Awards for Commercial Architecture
<ul>
<li>8 Chifley Square – Lippmann Partnership/Rogers Stirk Harbour &amp; Partners (NSW)</li>
<li>Bread in Common – spaceagency (WA)</li>
</ul>
National Commendation for Commercial Architecture
<ul>
<li>Prahran Hotel – Techne Architects (Vic)</li>
</ul>
Enduring Architecture
The National Enduring Architecture Award
<ul>
<li>CB Alexander College, Tocal – Ian McKay and Philip Cox, Architects in Association (NSW)</li>
</ul>
Heritage
The Lachlan Macquarie Award for Heritage
<ul>
<li> Eternity Playhouse – Tonkin Zulaikha Greer Architects (NSW)</li>
</ul>
National Commendation for Heritage
<ul>
<li>Former Police Station, 127-129 George Street, The Rocks – Welsh + Major Architects with Sydney Harbour Foreshore Authority (NSW)</li>
</ul>
Interior Architecture
The Emil Sodersten Award for Interior Architecture
<ul>
<li>UQ Advanced Engineering Building – Richard Kirk Architect HASSELL Joint Venture (Qld)</li>
</ul>
National Awards for Interior Architecture
<ul>
<li>Bread in Common – spaceagency (WA)</li>
<li>Garangula Gallery – Fender Katsalidis Mirams Architects (NSW)</li>
<li>Hotel Hotel – March Studio (ACT)</li>
<li>Sustainable Industries Education Centre – MPH Architects + Architectus in association (SA)</li>
</ul>
International Architecture
The Jørn Utzon Award for International Architecture
<ul>
<li>Stonehenge Exhibition + Visitor Centre – Denton Corker Marshall (United Kingdom)</li>
</ul>
Award for International Architecture
<ul>
<li>Shelter@Rainforest – Marra + Yeh Architects (East Malaysia)</li>
</ul>
Public Architecture
The Sir Zelman Cowen Award for Public Architecture
<ul>
<li>UQ Advanced Engineering Building – Richard Kirk Architect HASSELL Joint Venture (Qld)</li>
</ul>
National Awards for Public Architecture
<ul>
<li>Australian PlantBank – BVN Donovan Hill (NSW)</li>
<li>Dallas Brooks Community Primary School – McBride Charles Ryan (Vic)</li>
<li>Dandenong Mental Health Facility – Bates Smart Whitefield McQueen Irwin Alsop Joint Venture (Vic)</li>
<li>Prince Alfred Park + Pool Upgrade – Neeson Murcutt Architects in association with City of Sydney (NSW)</li>
<li>UTAS Institute for Marine &amp; Antarctic Studies – John Wardle Architects + Terroir, in Association (Tas)</li>
</ul>
National Commendations for Public Architecture
<ul>
<li>North Bondi Surf Life Saving Club – Durbach Block Jaggers in association with Peter Colquhoun (NSW)</li>
<li>South Australian Health and Medical Research Institute – Woods Bagot (SA)</li>
</ul>
Residential Architecture – Houses (Alterations and Additions)
The Australian Institute of Architects Award for Residential Architecture – Houses (Alterations and Additions)
<ul>
<li>Bellevue Terrace Alterations + Additions – Philip Stejskal Architecture (WA)</li>
</ul>
National Award for Residential Architecture – Houses (Alterations and Additions)
<ul>
<li>West End Tower – Owen and Vokes and Peters (Qld)</li>
</ul>
National Commendation for Residential Architecture – Houses (Alterations and Additions)
<ul>
<li>Strohmayr House – Troppo Architects (NT)</li>
</ul>
Residential Architecture – Houses (New)
The Robin Boyd Award for Residential Architecture – Houses (New)
<ul>
<li>House at Hanging Rock – Kerstin Thompson Architects (Vic)</li>
</ul>
National Award for Residential Architecture – Houses (New)
<ul>
<li>Oxlade Drive House – James Russell Architect (Qld)</li>
</ul>
National Commendations for Residential Architecture – Houses (New)
<ul>
<li>Hover House – Bower Architecture (Vic)</li>
<li>Southern Outlet House – Philip M Dingemanse (Tas)</li>
</ul>
Residential Architecture – Multiple Housing
The Frederick Romberg Award for Residential Architecture – Multiple Housing
<ul>
<li>The Commons – Breathe Architecture (Vic)</li>
</ul>
National Award for Residential Architecture – Multiple Housing
<ul>
<li>UNSW Kensington Colleges – Bates Smart (NSW)</li>
</ul>
National Commendation for Residential Architecture – Multiple Housing
<ul>
<li>Gantry – Bates Smart (NSW)</li>
</ul>
Small Project Architecture
The Nicholas Murcutt Award for Small Project Architecture
<ul>
<li>Bicheno Surf Life Saving Club + Boathouse – Birrelli art + design + architecture (Tas)</li>
</ul>
National Awards for Small Project Architecture
<ul>
<li>Balmain Apartment – Durbach Block Jaggers (NSW)</li>
<li>Kew Studio – Sean Godsell Architects (Vic)</li>
</ul>
National Commendation for Small Project Architecture
<ul>
<li>Studio 217 – Amalie Wright &amp; Richard Buchanan (Qld)</li>
</ul>
Sustainable Architecture
The David Oppenheim Award for Sustainable Architecture
<ul>
<li>The Commons – Breathe Architecture (Vic)</li>
</ul>
National Awards for Sustainable Architecture
<ul>
<li>Australian PlantBank – BVN Donovan Hill (NSW)</li>
<li>The Wayside Chapel – environa studio (NSW)</li>
<li>UQ Advanced Engineering Building – Richard Kirk Architect HASSELL Joint Venture (Qld)</li>
</ul>
Urban Design
The Walter Burley Griffin Award for Urban Design
<ul>
<li>Prince Alfred Park + Pool Upgrade – Neeson Murcutt Architects in association with City of Sydney (NSW)</li>
</ul>
National Award for Urban Design
<ul>
<li>GASP! Stage 02 – Room 11 (Tas)</li>
</ul>
COLORBOND® Award for Steel Architecture
The National COLORBOND® Award for Steel Architecture
<ul>
<li>White Bay Cruise Terminal – Johnson Pilton Walker (NSW)</li>
</ul>
2014 Jury
Paul Berkemeier – Immediate Past President, Australian Institute of Architects and Principal, Paul Berkemeier Architects (Jury Chair) Clare Cousins – Director, Clare Cousins Architects Justin Hill – Director, Kerry Hill Architects Virginia Kerridge – Principal, Virginia Kerridge Architect Lindy Johnson – Director, Lindy Johnson (Lay Juror)
Main picture from AIA. Photograph by Trevor Mein.
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jrichardson-uRX5hFdKfN

Kerstin Thompson Architects win with House at Hanging Rock

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A real estate agency has sold a home after the buyer made contact through Facebook.
The apartment in the Scenic Terrigal development was advertised on Raine &amp; Horne Terrigal/Avoca's Facebook page.
According to general manager Brett Hunter, the social media influenced sale was a first for the agency.
"The initial buyer enquiry came through Facebook, with questions answered by us via the social media platform's chat facility. Meetings were booked, prices negotiated and a deal struck for a final purchase price of $810,000," said Hunter.
Selling agent Cameron Clayton also commissioned a website to advertise the development.
"Email is considered old fashioned now, with many buyers and tenants preferring to work with us via faster, more contemporary platforms such as Facebook," Clayton said.
"The sharing of videos through Facebook is also a massive way for us to engage with new buyers," he says.
Videos are increasingly used to market properties, with Marshall White and Century 21 among agents who create video content for listings.
The off the plan apartment sold has three bedrooms, two bathrooms and a two car garage.
 
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Like: Social media marketing secures sale

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For those who don't have time to read Governor Glenn Stevens' full November statement or trawl through the latest figures from the Australian Bureau of Statistics, the Reserve Bank (RBA) has tweeted a visual update on Australia's economy.
<a href="https://www.propertyobserver.com.au/https://twitter.com/RBAInfo/status/529835809172492289" target="_blank"><img src="/images/2014/11/06/tweet-nov-6-one.jpg" alt=""></a>
The infographic also serves as a handy reminder of what the Reserve Bank takes into account when deciding the overnight cash rate, which this month remained at 2.5%.
At 2.3%, inflation continues to stay within the RBA's 2-3% target band, while it keeps an eye on the value of <a href="/expert-insights/investing/how-does-the-aussie-dollar-affect-commercial-property">the Australian dollar</a>.
With the average home now valued at $555,000, the RBA continues to flag increasing <a href="/expert-insights/finance/dwelling-prices-continue-to-climb-governor-glenn-stevens-november-statement">dwelling prices</a>.
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Tweet of the day: RBA's economic snapshot

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Over the quarter to September, houses performed better than units in the country's capital cities, according to RP Data.
RP Data's Daily Home Values Index recorded 2.3% growth in house values for the three month period, while units increased by a more modest 1.3%.
The house price growth was largely driven by Sydney's <a href="/expert-insights/investing/sydney-house-prices-streak-ahead-in-september-quarter-rp-data">4.5% quarterly increase</a>, but in the unit market, Adelaide was the best performer.
The South Australian capital recorded a 3.1% increase in unit values. Sydney's unit prices increased by 1.7%, pushed out of second place by Melbourne, with 2.2% growth.
Four of the remaining capital cities recorded a value decrease.
Unit prices in the Northern Territory capital dropped by the largest proportion, with a 4.7% dip.
The quarterly unit price figures:
<ul>
<li>Adelaide</li>
</ul>
Change: +3.1% Median price: $333,000
<ul>
<li>Melbourne</li>
</ul>
Change: +2.2% Median price: $472,000
<ul>
<li>Sydney</li>
</ul>
Change: +1.7% Median price: $590,000
<ul>
<li>Canberra</li>
</ul>
Change: 1.0% Median price: $398,500
<ul>
<li>Brisbane</li>
</ul>
Change: -0.4% Median price: $380,000
<ul>
<li>Perth</li>
</ul>
Change: -3.0% Median price: $450,000
<ul>
<li>Hobart</li>
</ul>
Change: -3.8% Median price: $250,000
<ul>
<li>Darwin</li>
</ul>
Change: -4.7% Median price: $536,200
Source: RP Data.
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Unit price growth outshone by houses: RP Data

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Purchasing property in resource-driven towns often seems like a sound investment.
Big mines can draw thousands of workers, driving up demand. Meanwhile, local incomes may increase significantly, and investors are often attracted to mining towns by the promise of high yields and fast capital gains.
But the rivers of gold can't always last. Mining town investments are also characterised by their volatility, given their exposure to single industries. Yesterday, Property Observer reported that some former mining town "hotspots" are recording price drops of <a href="/expert-insights/investing/from-hotspot-to-bloodbath-property-investment-in-australias-mining-towns">up to 40%</a> from their previous peaks.
While some defend the profitability of mining town property investments, others choose to steer clear.
Property Observer took the question to leading property experts: Can property in a mining town ever be a safe investment?
Margaret Lomas: Author, television host and <a href="https://destiny.com.au/dotnetnuke/en-au/home.aspx" target="_blank">Destiny </a>founder<img src="/images/authors/fullbody/Margaret-Lomas3.png" alt="" style="float: right;">
It never ceases to amaze me how property investors think simply about an asset's present performance when buying, and never consider all of the valid and crucial factors which must be considered before making any investment.
This is what makes mining town investors leap in to investments where the performance is completely linked to a single industry and the overall global economy in a way which can result in serious disaster.
When you become a property investor you must decide whether you intend to be a buy and hold investor or a speculator. A mining town investment is a speculative investment, yet those who buy them behave like a buy and hold investor - they buy in on the way up (and usually when it's too late) and then hold well past the use by date - often resulting in serious losses and abysmal yields when the area plunges on the back of reduced demand for resources.
Make no mistake - all mining town investments are extremely speculative and require precise market timing, both in and out.
Those buying in a mining town must not only have a very large appetite for risk, they must have the capacity to hedge - in other words, hold enough other assets so that, when the area falls in value, the loss can be offset with other stable assets, rather than result in the investor owing more than they own.
Terry Ryder: <a href="https://www.Hotspotting.com.au" target="_blank">Hotspotting.com.au</a> founder<img src="/images/authors/fullbody/Terry-Ryder.png" alt="" style="float: right;"> Can a mining town ever be a safe investment?
If "high-risk" is the opposite of "safe" in investing, the answer has to be no. All investments in mining towns are high risk. Markets in mining towns are always volatile, because they are one-industry towns. And that one industry, the resources sector, is fickle and capricious.
Add to that the tendency of developers to dive into boom markets and build way too much new stock, and you have a formula for a real estate roller coaster.
But can a mining town ever be a lucrative investment? Definitely. Even with the decline in resources-related markets in the past year or two, the best long-term capital growth rates in Australia are all in mining towns or regional centres impacted by the resources sector.
The Queensland coal town of <a href="/news">Moranbah</a> is the quintessential case study for the win-lose scenario presented by these kinds of markets. Over the 10 years to 2012, it averaged 30% per year in growth in its median house price, which reached $750,000. Rents were absurdly high, providing double-digit yields.
Then the downturn popped by. Today the median price is $330,000 and rents have dropped so low that the typical yield is 4%.
Moranbah has had downturns before, though never as severe as this one. It will recover in time, although the trend by mining companies towards FIFO workforces means it may never reach those previous heights.
Bottom line: mining towns are only for experienced investors with large portfolios and cast-iron temperaments.
Article continues on the next page. Please click below.
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Catherine Cashmore: Independent market analyst<img src="/images/authors/fullbody/Catherine-Cashmore.png" alt="" style="float: right;">
Is it ever a good time to 'invest' in a mining town? If it was, the time to do so has passed.
However, let's be clear - nothing of value is being 'invested' – the price escalation in a mining town comes from a self-feeding, virtuous cycle of irrational exuberance, taking a short-term bet on continuing rapid 'capital gains' at the expense of a new wave of speculative investors and the creation of more debt.
During the construction phase of the cycle (which typically employs a larger workforce than the current production phase), the surge in demand from fly in, fly out workers initially rises faster than supply can accommodate.  This drives up rents on existing sites, and attracts an increasing inflow of yield seeking investors.
The beneficial effects to the surrounding town and nearby localities, comes in the form of infrastructure contributions – ports, railroads, hotels, schools and so forth, which naturally boosts employment and can aid the long term viability of a region once the boom has surpassed.
However, the steep escalation created by speculative exuberance cannot be sustained. Timing therefore is crucial – and the losses significant.
A change in market prices can happen over night – Moranbah in Queensland for example – where houses renting for $1,200 - $1,800 per week in 2012, were barely able to attract $200-$300 per week in 2013.  Rumour has it that some properties were even offered 'free' for a short period of time, simply to gain tenancy.
The length of the cycle within any given area is determined by feasibility and long-term sustainability of a project.  New mines are planned years in advance, taking factors into account such as quantity and quality of deposits, milling processes, operating costs, capital costs, staffing, access to facilities (roads, rail etc.) and obviously continued demand from offshore markets. However, even assuming a feasibility study passes all the necessary criteria (and few presently are) – it does not guarantee the mine will be successful – or even commence.
To the peak of 2011, high-prices for resources such as iron ore, base metals and coal, were driven overwhelmingly by emerging markets such as China through heavy investment into infrastructure to accommodate rapid urbanisation of a large rural population.
However, China is undergoing structural changes to its economy – the effects of which are hard to predict over the longer term.  The subsequent dampening of its property market and therefore construction, has seen the price of iron ore plummet over recent months. Demand for scarce commodities is likely to continue, however it's not going to buoy a boom of speculative investment into the mining-town real estate sector as was previously the case.
Gamble your dollars elsewhere.
Damian Collins: <a href="https://www.momentumwealth.com.au/" target="_blank">Momentum Wealth</a> managing director<img src="/images/authors/fullbody/Damian-Collins-profile.png" alt="" style="float: right;">
Mining towns certainly can be quite cash flow positive in a lot of cases. But people need to be aware there are a lot of risks associated with that. Particularly if it's a mining town that's associated with one mine or a single commodity, and the commodity drops in value and they cut their workforce.
To some degree you're speculating on a particular commodity. And in some cases, even if the commodity is fairly well priced, the mine can still be fail if it's not profitable.
That's what happened with the BHP Ravensthorpe nickel project. Basically, they shut the thing down eight months later because it wasn't profitable.
The other risk is extra supply coming off the market. Often the towns are fairly small - 20,000 or 30,000 people. It doesn't take a whole lot of extra land supply to come off the market in order to effect rental yields and prices, like it did in Port Headland and Karratha. That's caused rental yields and prices to drop quite significantly, even though the industries are quite strong up there.
Certainly, you need to be very cautious. Our recommendation is that mining towns are not for the first time investor. They're for investors with a decent sized portfolio, with five or six properties, who willing to take on that risk as part of their property strategy.
Article continues on the next page. Please click below.
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Pete Wargent: Author and <a href="https://allenwargent.com/" target="_blank">AllenWargent </a>property buyers co-founder<img src="/images/authors/fullbody/Pete-Wargent.png" alt="" style="float: right;">
It's possible, yes, if investors buy an asset using an appropriately financed deal, for the right price, at the right stage in the cycle, provided there is some tolerance for price volatility and possible vacancies.
Generally speaking, an investor or speculator buys property in a mining town in anticipation of a new project passing its feasibility studies and progressing to the construction stage, bringing new labour into town and higher demand for housing.
With the China boom really having taken off over the past decade, commodity prices went skyward – iron ore prices between 2007 and 2010, for example, doubled and then more than doubled again - and Australia embarked on a vast and unprecedented frenzy of mining construction.
But the commodities sector naturally cycles, and look at the macroeconomic picture in late 2014.
We have now transitioned into the less labour-intensive production phase of the boom, and as the new producers really begin to hit their straps there is a tremendous glut of supply hitting global commodities markets placing relentless downwards pressure on commodity prices.
Fewer and fewer significant projects will pass feasibility, particularly copper/silver/gold projects, and in the bulk commodity sectors of coal and iron ore.
In short, mining construction activity will drop off a cliff over the next three years, especially in Queensland, Western Australia and, to a lesser extent, New South Wales.
<img src="/images/2014/11/06/ev.owa.jpg" alt="">
Property investment is generally most effective as a long-term play.
Capital cities with rapidly growing populations tend to be an effective inflation hedge since the required supply of new dwellings must always built at in today's dollars incurring today's labour and construction costs, thus underpinning prices.
Mining towns and resources regions at this stage in the cycle are more likely to experience pain in the form of high vacancy rates, declining demand and falling prices.
Pass.
Todd Hunter: Buyer's agent, <a href="https://www.wheregroup.com.au/" target="_blank">wHeregroup </a>director<img src="/images/authors/fullbody/hunter-profile-2.png" alt="" style="float: right;">
The only time mining towns can become good areas to invest in are when the towns are not sole mining towns and have some mining influence.
These locations have a lot more to offer than simply mining, so should mines close or commodity prices change, then the towns don't see the catostraphic fluctuations in house values like sole mining towns do. Some locations that offer this are Townsville, Bunbury, Mandurah (where many fly in, fly out workers live for lifestyle and are close enough to Perth airport to fly north).
The other major issue for mining towns is the huge availability of land which can see massive housing oversupply occur. At any stage large numbers of new blocks of land can be released and sold to interstate investors. In such small towns these large releases can take towns that have almost a zero vacancy rate to huge vacancy rates that see large rent reductions. We see this now in places like Gladstone, Chinchilla and Karratha.
Combine that with mining companies now opting for fly in, fly out labour forces rather than workers renting in town has seen populations reduce as well. In my eyes, it's way too risky!
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Exclusive: Can property in a mining town be a safe investment?

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A partnership between Connect MyProperty and E-House (China) Holdings Limited will allow the Australian company to access 80 million Chinese buyers registered with E-House.
Connect MyProperty, headquartered in South East Queensland, markets Australian real estate offshore and offers services for international buyers, including assistance with Foreign Investment Review Board regulation processes. According to Connect MyProperty, the company converts online listings for "premier" properties to secured sales.
E-House (China) Holdings Limited is listed on the New York stock exchange.
The Australian property section of SINA Haiwai, E-House's international subsidiary real estate site, may now be used exclusively by Connect MyProperty for listings. The wider SINA Leju property portal, of which SINA Haiwai is a part, records about 40 million hits per month.
Last month, SINA Haiwai and Connect MyProperty began conducting tours of Australian properties and developments, beginning at the Foreign Investment Review Board-approved Sanctuary Cove development.
SINA Haiwai real estate general manager Irene Zheng said the company was pleased to be working with its new Australian partner.
"We've always viewed Australia as an attractive place to do business given it is the 12th largest economy globally, it is in close proximity to China, and has a transparent and well-regulated business environment that is the envy of many countries around the world," said Zheng.
"We have been looking for an independent partner in Australia for some time that could help bridge the gap between Australia and China such as language, cultural customs, and regulations in both countries.
"Connect MyProperty's mutual desire for an online-to-offline model and a strong focus on direct, face-to-face communication provides a truly effective and integrated offer for the 80 million members of our Property Buyers Club."
Preston Richardson, Connect MyProperty Director, said the partnership would strengthen Australian-Asian economic ties.
"In particular, the indirect flow-on effects of our partnership have the strong potential to increase the productivity of the construction industry by creating more infrastructure investment opportunities, more developments, and more construction jobs for Australians," says Richardson.
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Deal delivers Chinese buyers club to Australian industry

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<img src="/images/2014/11/05/hodgson-nov-5-profile.png" alt="" style="float: right;">NAME: Carol Hodgson
POSITION: Director, strategic research
COMPANY: JLL
OFFICE LOCATION: Brisbane
How long have you been in the industry?
10 years
What's happening in the area you specialise in?
Queensland is going through an interesting time at the moment with the switch from resource based to more broader based economic growth. However, there are opportunities, particularly in the residential market, and the longer term outlook is very positive.
Describe the most interesting commercial property you have worked on?
A lot of my work is more based on markets than individual buildings. However, I worked at investment companies in London and Paris during and after the global financial crisis - it made for interesting market dynamics and investment strategies.
What are the ingredients to being successful in your job?
Being analytical and building up relationships across the industry. Having a naturally inquisitive nature also helps.
What aspects of your role do you enjoy the most?
I enjoy learning about new property markets and their interaction with the wider economy.
Where would you invest a spare $750,000?
I'd either buy a residential apartment in central Brisbane or failing that residential in London (although I might need more than $750,000 for that!)
Which football team do you support?
I'm originally from the north of England so I'm not an Aussie Rules supporter - my home soccer team is Middlesbrough.
What's your favourite app or techno gadget?
Google Maps - it's saved me from getting lost a number of times!
How do you use social media?
I'm not a big user of social media, however, I am fairly active on <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/carol-hodgson/a/79b/39" target="_blank">LinkedIn</a>.
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In profile: JLL's director of strategic research, Carol Hodgson

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Sydney's house market had the highest growth of any capital city for the quarter to September, according to RP Data.
The Sydney median house price now sits at $792,000, after 4.5% quarterly growth. The next biggest price gain was seen in Adelaide, with 2%.
Three cities – Hobart, Darwin and Canberra – all recorded a house price downturn for the quarter, while Perth was stagnant.
Tim Lawless, RP Data's head of research, said Perth and Canberra had moved past the peak of the current price cycle, while on a yearly basis, " it is clear that the rate of capital  growth is continuing to moderate".
The quarterly house price figures:
<ul>
<li>Sydney</li>
</ul>
Change: +4.5% Median price: $792,000
<ul>
<li>Adelaide</li>
</ul>
Change: +4.5% Median price: $415,000
<ul>
<li>Melbourne</li>
</ul>
Change: +1.8% Median price: $615,000
<ul>
<li>Brisbane</li>
</ul>
Change: +1.5% Median price: $470,000
<ul>
<li>Perth</li>
</ul>
Change: 0.0% Median price: $540,000
<ul>
<li>Darwin</li>
</ul>
Change: -1.0% Median price: $570,000
<ul>
<li>Hobart</li>
</ul>
Change: -2.7% Median price: $330,000
<ul>
<li>Darwin</li>
</ul>
Change: -2.7% Median price: $566,000
 
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Sydney house prices streak ahead in September quarter: RP Data

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AMP Capital's head of investment strategy and chief economist Shane Oliver says the Reserve Bank of Australia (RBA) still hasn't ruled out macroprudential policy to curb investor spending.
<a href="https://www.propertyobserver.com.au/https://twitter.com/ShaneOliverAMP/status/529479747701460992" target="_blank"><img src="/images/2014/11/05/tweet-nov-5-one.jpg" alt=""></a>
Looking at <a href="/expert-insights/finance/dwelling-prices-continue-to-climb-governor-glenn-stevens-november-statement">yesterday's statement</a> from Reserve Bank governor Glenn Stevens, Oliver noted Stevens still made a point of the level of investor activity in Australia's housing market.
In his statement, Stevens said: "Investors continue to look for higher returns in response to low rates on safe instruments. Credit growth is moderate overall, but with a further pick-up in recent months in lending to investors in housing assets. Dwelling prices have continued to rise."
According to the Australian Bureau of Statistics, investment housing commitments rose by 0.9% in August while owner occupier housing commitments fell by 0.1%.
Oliver says the RBA may yet implement macroprudential policies, which would see stricter regulation for lending.
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Macroprudential measures possible: Tweet of the day

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The Melbourne suburb of Hawthorn is a favourite among top end owner occupiers and investors alike.
Six kilometres east of the CBD, the suburb sits along Melbourne's private school belt, and is home to Scotch College. Next to Kew and Camberwell, it also offers easy access to Xavier College, Carey Baptist College among many other private schools.
Glenferrie Road is the main shopping and leisure strip in the suburb, with a variety of cafes, grocery stores and clothing retailers. The strip also serves as the central public transport hub, with Glenferrie Station and the route 16 tram. The suburb also houses Auburn Railway Station and Hawthorn Station, while tram routes 48, 70, 72, 75 and 109 also cart private school students to and from the area.
One of Melbourne's older suburbs, Hawthorn has managed to stretch its post-gold rush riches to the present day. It remains a desirable spot to some of the city's wealthiest families, with RP Data recording a median house price of $2,135,000 for September.
Its early popularity also means the suburb is populated with Victorian and Edwardian homes, which are a major drawcard for buyers, according to Marshall White Hawthorn's Stuart Evans.
He told Property Observer that a combination of character homes, local educational institutions and local amenities command demand from premium buyers.
{qtube vid:=Ug3X6GJnYpU}
Evans did, however, also note that the area sees a diverse mix of stock.
"Hawthorn's market is mainly made up of period homes: beautiful Victorians and Edwardian homes. There is a good mixture of apartments - high density living apartments - due to Swinburne University, so we see that offers some great opportunities for investors as well," Evans said.
Swinburne University attracts a number of students to the suburbs, with multiple low rise apartment complexes in the area catering to students.
However, according to SQM Research, the implied gross rental yield of apartments in the area has been volatile, reaching above 10% in mid-2010 and now sitting around 5%. SQM Research estimates that a two bedroom unit is likely to attract $400.30 at the time of writing.
This <a href="https://www.realestate.com.au/property-apartment-vic-hawthorn-414307723" target="_blank">two bedroom apartment</a> is currently advertised at $385 per week (pictured below).
<img src="/images/2014/10/28/hawthorn%201.jpg" alt="">
According to RP Data, the median asking price for a unit in Hawthorn is $593,000.
Median unit prices, which grew by 6.4% in 2013, saw a big uptick in 2010, with RP Data recording 32.4%. They certainly fared better through the period than house prices, which dipped in 2009 by 10.8%.
Hawthorn was not immune to the post global financial crisis downturn in prestige prices, although it has made a recovery, with 13.8% capital growth in median house prices in 2013.
The suburb's premium houses still command high prices: late last month, the six bedroom house pictured below <a href="/expert-insights/buying/rammed-earth-hawthorn-5-35-million-sale-rp-datas-top-10-sales">sold for $5.35 million</a>.
<img class="img-responsive" src="/images/2014/10/7/rammedearth_0009_image2.jpg.jpg" alt="Rammed earth Hawthorn $5.35 million sale: RP Data's top 10 sales">
But the high volume of student accommodation means it's not all prestige stock in Hawthorn. At the other end of the spectrum, this <a href="https://www.realestate.com.au/property-apartment-vic-hawthorn-106622918" target="_blank">25 square metre apartment</a>, advertised as "larger than most", was offered with a price guide of $99,000 after buyers failed to bite at $165,000 (pictured below).
<img src="/images/2014/09/11/d1.jpg" alt="">
It was on the market for <a href="/news/vic/25-square-metre-larger-than-most-apartment-the-most-discounted-property-in-victoria-sqm">four years</a>, and finally sold in September for $92,000.
Feature photo of Glenferrie Road courtesy of <a href="https://commons.wikimedia.org/wiki/User:Diliff" title="User:Diliff">Diliff</a>/<a class="mw-mmv-license cc-license" href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/3.0" target="_blank">CC BY-SA 3.0</a>.
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Suburb spotlight video: Hawthorn – blue chip, but a mixed bag

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Jessie Richardson

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