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The Victorian, New South Wales and West Australian state governments have issued letters to property spruikers in their states outlining their obligations under consumer law.
Victoria’s consumer affairs minister, Heidi Victoria, spoke to <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2014-07-08/state-governments-warn-spruikers-to-stick-to-the/5581698?section=business" target="_blank">the ABC</a> about the high pressure, persuasive techniques used by property spruikers at seminars and events.
“The sort of things that we’re concerned about is, for example, a high pressure sales environment – so when people come along just for information, but then feel obliged to either spend money on an education program, or that type of thing,” said Victoria.
“We want to make sure they’re not feeling pressured into signing anything on the night, that they are given plenty of time. But also to understand that those operating in the space must give a 10 day cooling off period.”
In February, the ABC reported that West Australia, New South Wales and Victoria’s governments were monitoring 15 property spruikers. However, Victoria said though some property spruikers had received letters outlining their legal obligations, Consumer Affairs Victoria was not currently investigating any particular property spruikers.
“This is just more a general ‘get to know you’ sort of letter, and say, ‘these are your rights and obligations’,” Victoria said.
“We’re very much about educating people who are operating in any business. The type of letter that has gone out to them just outlines their responsibilities, and also their obligations, and of course if they don’t abide by their obligations, and if they’re not working correctly under Australian consumer law, then we can take it much further.”
Of people investing in property through a self-managed super fund, Victoria said consumers must know their rights.
“A lot of people have to understand that when they’re doing this sort of investment, that they need legal and financial advice,” she said.
“It’s not something that can be taken lightly. As I said, it really is something that many people put their life savings into, and the last thing they want is for that to go belly up. So they do need to know their rights, their obligations as consumers and make sure they are investing in something that’s going to be safe, and something that has that long term projection.”
To see the letter sent by West Australia’s Commissioner for Consumer Protection, see next page
<hr class="system-pagebreak">
West Australia’s notice to the state’s property spruikers warns them of penalties associated with misleading consumers, which include fines of up to $1.1 million.
In a letter sent to property spruikers by West Australia’s Commissioner for Consumer Protection Anne Driscoll, she states:
<img src="/images/2014/07/10/cut-out-july-10-one.jpg" alt="">
In particular:
<img src="/images/2014/07/10/cut-out-july-10-two.jpg" alt="">
 
She adds:
<img src="/images/2014/07/10/cut-out-july-10-three.jpg" alt="">
Driscoll notes that misleading claims “can result in penalties of up to $1.1 million for a corporation or $220,000 for an individual”.
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jrichardson-uRX5hFdKfN

Property spruikers receive warning letters from states

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Those who doubt the merits of flexible office environments may get the chance to experience them first hand with Inhabit.
Designed by furniture supplier Stylecraft in collaboration with POMT and Woods Bagot, the centre is located in Stylecraft's Sydney show room.
People will have the opportunity to test the merits of flexible activity based work office spaces with Inhabit, a space designed by furniture supplier Stylecraft in collaboration with POMT and Woods Bagot.
The fully functioning office will be open to Stylecraft’s clients and partners, who can book the space for a pilot group to test and try. Stylecraft’s managing director Anthony Collins says users will be able to carry out their usual work at Inhabit.
“We have created a space like no other in Australia,” said Collins. “User groups can spend a day or even a week at Inhabit for an immersive experience of flexible working – and still be doing their day jobs while they are there.”
Custom printed smartcards which give testers access to individual lockers and spaces in the office were supplied by POMT.
Users can book zones, desks and meeting rooms through an online system and individual screens in each bookable zone. WiFi is available throughout the entire office.
The office showcases the latest workplace trend: Bring Your Own Device, or BYOD, with staff members able to hook up laptops, tablets and smartphones to video conferencing equipment, screens, and an “interactive smart wall”.
Jeremy Pollack, director of strategy and development for POMT, says versatility is central to the space’s design.
“The challenge we had was not just designing technology to work for one company’s users, but for many companies’ users,” said Pollack.
“It’s BYOD taken to its extremes. We had to consider multiple different devices and multiple different applications which all have to work with the collaborative and AV technologies deployed.”
Since its June opening, a number of pilot groups have already tested out Inhabit.
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Flexible workplace open to trial at Inhabit 

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The Lifestyle Channel’s Selling Houses Australia will return next year, with filming currently taking place.
It seems filming for the new season began at the start of this month, with host Andrew Winters tweeting the following:
<img src="/images/2014/07/09/sha1.JPG" alt="">
As always, the locations for the new season are a tightly held secret, but Winters offers a little clue with this tweet:
<img src="/images/2014/07/09/sha2.JPG" alt="">
Winter, along with interior designer and The Block judge Shaynna Blaze and landscape designer Charlie Albone, will be helping home owners who are desperate to sell their properties, which might be struggling to attract buyers due to poor staging, bad conditions or the sellers’ attitudes.
Winter has been in the real estate business since he was 17, selling homes in Central London and Australia and imported his television franchise from England, where he was the host of Selling Houses – he was also the host of another spin off, Selling Houses Abroad.
Blaze is also a familiar face in renovation reality TV as a judge on The Block, with Belle Magazine editor-in-chief Neale Whittaker and interior designer Darren Palmer. Not to be beaten by Winter and Blaze, Albone has hosted other Lifestyle Channel shows including The Party Garden and Charlie and the Flower Show.
Selling Houses Australia makes a point of tackling particularly difficult to sell houses, including the three bedroom <a href="/news/nt/even-selling-houses-australias-andrew-winter-renos-didnt-turn-the-tide-on-rapid-creek-darwin-apartment-offering">apartment of boilermaker Robert Crispe</a>, which even Winter couldn’t  help - the home failed to sell at its filmed auction. 
If you have a home you’re hoping to offload, applications for the show are open through the <a href="https://www.lifestyle.com.au/tv/selling-houses-australia/apply/" target="_blank">Lifestyle Channel’s website</a>.
The application reads:
“Can't sell your home and need a makeover from the team? We want to hear from you!
“Selling Houses Australia are always searching for homes that will offer fresh challenges for the team. They've been hit with just about every real estate nightmare from on site pylons to flood affected homes, to inner city hovels but there are always more testing property scenarios out there and more home owners in unique circumstances.
“So, if your home is stagnating on the market with no buyer in sight then register now. Try to be as specific as possible with your dilemma whether it be location, décor, or an urgent need for a sale.
“Please note: your house must be on the market to qualify and must remain on the market after the makeover until it sells."
Applicants are asked to provide their contact details, descriptions of their home and its selling history (including the time it’s been on market, the agent’s details and the house price). They are also asked whether they are Foxtel subscribers. 
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Selling Houses Australia now filming 2015 season

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Westpac has cut the introductory variable interest rate for its Flexi First Option Home Loan product by 49 percentage points. 
Customers opening a new Flexi First Option Home Loan with conditional approval by 3 October will have a 4.84% per annum interest rate for the first two years of their loan. The interest rate converts back to 5.33% after the two year period (comparison rate 5.38%).
Westpac has offered an ongoing discount on its Flexi First Home Loan product since April 2013, with a 0.21% per year rate cut bringing the variable rate to 5.12%. Borrowers cannot take advantage of both discounts at the same time.
Westpac also removed its $600 Home Loan Establishment Fee on all new home loans. According to The Adviser, Westpac brokers were told the discounts would “position Westpac competitively in the market as the bank to assist your first home buyers with their home loan and other financial needs”.
The bank has applied special interest rate offers to a variety of its other variable products.
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Westpac courts first home buyers with 4.84% variable rate

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Australian architecture practices have a strong presence on the shortlists for the 2014 World Architecture Festival and INSIDE Festival.
According to BVN Donovan Hill national director James Grose, who has projects nominated for both festivals, there are 15 Australian architects, many with more than one project, shortlisted in the World Architecture Festival programme this year.
“Having multiple Australian projects being shortlisted in the World Architecture Festival awards is a tremendous confidence booster for Australian architects,” said Grose.
The Australian PlantBank at the Mount Annan Botanic Gardens in Sydney is shortlisted for the World Architecture Festival's Higher Education and Research category. The PlantBank (pictured below), designed by BVN Donovan Hill, is the largest seed bank in the Asia Pacific.
<img src="/images/2014/07/08/Australian-PlantBank-july-8-one.jpg" alt="">
<img src="/images/2014/07/08/Australian-PlantBank-july-8-two.jpg" alt="">
Photographer: John Gollings. Source: Supplied.
Auckland’s ASB North Wharf (pictured below), by BVN Donovan Hill in association with Jasmax, will be presented to the <a href="https://www.worldarchitecturefestival.com/" target="_blank">World Architecture Festival</a> and <a href="https://www.insidefestival.com/" target="_blank">INSIDE</a> juries in Singapore in early October. The project was recently awarded the New Zealand Architecture Medal, prompting the jury to comment: “In ASB North Wharf we may be seeing the future shape of work.”
<img src="/images/2014/07/08/abs-wharf-july-8--one.jpg" alt="">
<img src="/images/2014/07/08/abs-wharf-july-8--two.jpg" alt="">
<img src="/images/2014/07/08/abs-wharf-july-8--three.jpg" alt="">
Photographer: John Gollings. Source: Supplied.
The practice’s Regional Terminal at Christchurch Airport (pictured below) will also be showcased at the awards in Singapore. The project received the New Zealand Architecture Award for Commercial Architecture and Interior Architecture earlier this year.
<img src="/images/2014/07/08/Regional-Terminal-Christchurch-Airport--july-8-one.jpg" alt="">
<img src="/images/2014/07/08/Regional-Terminal-Christchurch-Airport--july-8-two.jpg" alt="">
<img src="/images/2014/07/08/Regional-Terminal-Christchurch-Airport--july-8-threee.jpg" alt="">
Photographer: John Gollings. Source: Supplied.
Other Australian architects which will be presenting projects for the World Architecture Festival and INSIDE festival juries include Bond University’s Abedian School of Architecture’s <a href="https://www.architectureanddesign.com.au/news/bond-light-installation-wows-the-crowds-at-viv-2" target="_blank">Cellular Tessellation light installation</a>, presented at Sydney’s 2014 Vivid Festival. 
Fender Katsalidis Mirams Architects’ Garangula Gallery is also shortlisted for the World Architecture Festival, as is the Bankstown Library and Knowledge Centre by Francis-Jones Morehen Thorp. Francis-Jones Morehen Thorp's Tasmanian Museum and Art Gallery is shortlisted for the World Architecture Festival's New and Old category, and for the concurrent INSIDE Festival for its interior design.
The World Architecture Festival spans 30 categories and includes architects from more than 40 countries. INSIDE Festival occurs concurrently at the same venue, and recognises achievements in interior design and architecture. Festival attendees are able to view presentations from every shortlisted architect. 
For the full list of Australian projects nominated for the 2014 World Architecture Festival, see the next page.
<hr class="system-pagebreak">
The Australian projects nominated for the 2014: World Architecture Festival
<ul>
<li>AGL Lakeside Pavilion / Anthony Nolan, Kennedy Associates (Mt Annan, Australia)</li>
<li>Bankstown Library and Knowledge Centre / Francis-Jones Morehen Thorp (Sydney, Australia)</li>
<li>Three Chimneys House / Allen Jack+Cottier Architects (Country NSW, Australia)</li>
<li>Garangula Gallery / Fender Katsalidis Mirams Architects (Harden, NSW Australia)</li>
<li>Cellular Tessellation / Abedian School of Architecture, Bond University (Sydney,Australia)</li>
<li>Whyalla Regional Cancer Centre Redevelopment / Hames Sharley (South Australia, Australia)</li>
<li>Dandenong Mental Health Facility / Bates Smart Architects (in association with The Irwin Alsop Group) (Melbourne, Australia)</li>
<li>Australian PlantBank / BVN Donovan Hill (Sydney, Australia)</li>
<li>Medical Science 2, University of Tasmania / Lyons (Hobart, Tasmania, Australia)</li>
<li>Deakin University, Burwood Highway Frontage Building / Woods Bagot (Melbourne, Australia)</li>
<li>Sustainable Industries Education Centre – Tonsley Tafe / MPH Architects (Adelaide, Australia)</li>
<li>Abedian School of Architecture, Bond University / Cook Robotham Architectural Bureau LTD (Gold Coast, Australia)</li>
<li>Griffith University: Rescuing the Declining Campus/ Cox Rayner Architects (Brisbane, Australia)</li>
<li>Crown Mahogany Room / Bates Smart (Melbourne, Australia)</li>
<li>Pittwater House / Andrew Burges Architects (Sydney, Australia)</li>
<li>Aperture House / Cox Rayner Architects &amp; Twofold Studio (Brisbane, Australia)</li>
<li>Stamp House / Charles Wright Architects (Cape Tribulation, Australia)</li>
<li>Constance Street Public Housing / Cox Rayner Architects (Brisbane, Australia)</li>
<li>SILT / Liam Proberts (Brisbane, Australia)</li>
<li>Tasmanian Museum &amp; Art Gallery / Francis-Jones Morehen Thorp (Tasmania, Australia)</li>
<li>Sustainable Industries Education Centre – Tonsley Tafe / MPH Architects (Adelaide, Australia)</li>
<li>National Australia Bank, 700 Bourke St, Melbourne / Woods Bagot (Melbourne, Australia)</li>
<li>41X, Australian Institute of Architects Lyons (Melbourne, Australia)</li>
<li>Liberty Place / Francis-Jones Morehen Thorp (Sydney, Australia)</li>
<li>Sir Samuel Griffith Centre / Cox Rayner Architects (Brisbane, Australia)</li>
<li>Lune de Sang Sheds / CHROFI (Byron Hinterland, Australia)</li>
<li>Weddell’s First Neighbourhoods – Urban Design Concept / Troppo Architects with Taylor Cullity Lethlean (Darwin, Australia)</li>
<li>The Olive Grove / Ian Moore Architects (Wollombi, Australia)</li>
<li>Wentworth Park Competition / Fox Johnston-Nettleton Tribe (Sydney, Australia)</li>
<li>National Arboretum Canberra / Taylor Cullity Lethlean and Tonkin Zulaikha Greer (Canberra, Australia)</li>
</ul>
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Australian architects showcased on international stage

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The 10 most expensive homes in the country sold this week are all located in Queensland and New South Wales.
While <a href="https://www.myrpdata.com/" target="_blank">RP Data</a>’s top 10 sales list is usually dominated by east coast cities, Melbourne usually makes an appearance. Not so this week, when three Queensland properties made the top 10 list, with the remainder coming from Sydney.
The most expensive sale of this week is $1.5 million down from last week’s top sale, when <a href="/news/madame-korner-sells-longtime-double-bay-home">Judit Korner secured $7.2 million</a> for her Double Bay home. 
<ol>
<li>
<a href="https://www.offermann.com.au/buying/6_belmore_tce_sunshine_beach/" target="_blank">6 Belmore Terrace, Sunshine Beach, Qld </a><img src="/images/2014/07/08/ex1.jpg" alt="" style="line-height: 1.3em;"> The week’s top selling home was a two storey beach-facing house designed by John Mainwaring. The architect happened to also design another top 10 trophy home – the house at 145 Ryan St, West End, was last week’s eighth highest sale, selling for $2,475,000. This <a href="/news">Sunshine Beach</a> contemporary home (pictured in the gallery above), with six bedrooms and five bathrooms, sold for $5,700,000 through Tom Offerman Real Estate. According to the agent, the vendors tasked Mainwaring to design a “robust, calm and intimate” home. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-church+point-114770779" target="_blank">2101 Pittwater Rd Church Point NSW <img src="/images/2014/07/08/ex2.jpg" alt="" style="color: #333333; line-height: 1.3em;"> </a><a href="https://www.realestate.com.au/property-house-nsw-church+point-114770779" target="_blank"> </a>Edenwood, a four bedroom, four bathroom house, sold through Re/Max for $5,075,000 this week. Set on a 3,465 square metre plot, the double storey home has panoramic views of Pittwater through mature gum trees. The home comes with a heated pool and spa, with a tennis court and pavilion. The vendors purchased the property for $2,080,000 in 2000.<a href="https://www.realestate.com.au/property-house-nsw-church+point-114770779" target="_blank"> </a>
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-115911775" target="_blank">2 Macquarie Road, Vaucluse, NSW </a> <img src="/images/2014/07/08/ex3.jpg" alt=""> This five bedroom, five bathroom home sold for $4,050,000 through Laing + Simmons Double Bay after 158 days on the market. The corner-positioned full brick three storey residence is set on 670 square metres of land. It opens with a double height marble foyer and continues through to several living and lounge areas, including an octagonal sitting room. It was advertised by the agents as having “good fung choi [sic]”. The listing information also says that the vendors would “now meet the market” for the sale. They made a loss on the property, paying $4,250,000 in 2010. 
</li>
<li>
<a href="https://%20%20%20http:/www.realestate.com.au/property-house-nsw-vaucluse-116319743" target="_blank">50 Hopetoun Avenue, Vaucluse, NSW</a> <img src="/images/2014/07/08/ex4.jpg" alt=""> A north facing house on a 940 square metre plot also secured $4,050,000 when sold through 1st City Hasemer &amp; Caldwell.Eyles Double Bay. The five bedroom, three bathroom house has a formal living room, separate dining and separate rumpus room with kitchenette and media room. Outside, there is a saltwater pool and courtyard. The house had last changed hands 38 years ago. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-vaucluse-115094859" target="_blank">36 Olola Avenue, Vaucluse, NSW</a> <img src="/images/2014/07/08/ex5.jpg" alt=""> Another Vaucluse home made the top 10 list, with this house selling for $3,370,000 through Raine &amp; Horne Double Bay. Situated opposite Vaucluse park, the contemporary home has four bedrooms, five bathrooms, a study and a lobby and gallery area with a cathedral ceiling. There is a self-contained one bedroom area downstairs, with an office area and bathroom. Outside, there is a heated pool. The vendors unsuccessfully attempted to sell the home at auction in December last year. They held the property for 27 years – it was purchased for $833,500. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-dover+heights-117141091" target="_blank">33 Military Road, Dover Heights, NSW</a> <img src="/images/2014/07/08/ex6.jpg" alt=""> This home secured $3,250,000 at a mortgagee in possession sale through BradfieldCleary Double Bay. With coastal views, the house has four bedrooms and three bathrooms, with open plan living areas. The property has a lap pool, wine cellar and a four-car garage, with a rooftop terrace. The master bedroom has its own private balcony. It was purchased in 2010 for $4,250,000. The former owner attempted to sell the house in March last year, but it failed to move after 194 days on the market. 
</li>
<li>
<a href="https://www.raywhite.com/qld/south-brisbane/1062220/" target="_blank">51/410 Stanley Street, South Brisbane, QLD </a><img src="/images/2014/07/08/ex7.jpg" alt=""> A four bedroom, four bathroom South Brisbane apartment sold for $3,200,000 through Ray White Clayfield – more than eight times the <a href="/news/qld/what-can-you-buy-for-brisbane-and-the-gold-coast-s-median-unit-price">Brisbane and Gold Coast median unit price</a>. The north-east facing home has 731 square metres of floor space across a single level. The master bedroom has a marble en suite, walk in robe and private sitting room with access to a covered balcony with city views. Each of the apartment’s four bedrooms has balcony access, while the apartment also comes with a private rooftop pool and spa.</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-concord-117145251" target="_blank">11 Ludgate Street Concord, NSW</a>
<img src="/images/2014/07/08/ex8.jpg" alt=""> This three storey Sydney home sold for $2,790,000 through Georges Ellis &amp; Co Strathfield. The seven bedroom, four bathroom house is set on an elevated 697 square metre block with views of the Harbour Bridge and Sydney’s skyline. The vendors purchased the property for $1,310,000 in 2010. 
</li>
<li>
<a href="https://www.raywhite.com/qld/new-farm/1149315/" target="_blank">106 Villiers Street, New Farm, QLD</a> <img src="/images/2014/07/08/ex9.jpg" alt=""> A contemporary home situated on Teneriffe Hill secured $2,605,000 when sold this week through Ray White New Farm. The entire top floor of the home is a dedicated master suite, while downstairs there are various living areas, a kitchen with marble and stainless steel benches and four more bedrooms. The lower living areas open on to a tiled outdoor entertaining area with barbecue and a lap pool. The vendors purchased the property for $1,175,000 in May 2008. 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-nsw-queenscliff-117335575" target="_blank">7 Hill Street, Queenscliff, NSW</a> <img src="/images/2014/07/08/ex10.jpg" alt=""> This semi-detached home sold for $2,450,000 through Cunninghams Property Balgowlah. The bright four bedroom, three bathroom house is located 400 metres from Queenscliff beach, with schools, shops and public transport within walking distance. The entire second storey is taken up by the master bedroom and a “parent’s retreat”, with a full en suite and north facing balcony. After just over two years of ownership, the vendors sold the property for around $500,000 more than the purchase price. They bought the home in April 2012 for $1,915,000.
</li>
</ol>
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The 10 most expensive home sales of the week: RP Data

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Victoria’s young Adam and Lisa have trumped West Australian couple Carole and Russell in the House Rules finale, thanks to the public vote.
The judges awarded Carole and Russell 19/20 for their final challenge, where they transformed Adam and Lisa’s back shed into a James Bond style bar and spa. Adam and Lisa trailed behind in the judge’s eyes, scoring 17/20 for their Balinese makeover of Carole and Russell’s dingy downstairs gym.
But it was the public who had the greater pull. Audiences had a say over 50% of the final score in an online poll, and Adam and Lisa won by an undisclosed margin. In <a href="/expert-insights/building/who-will-you-vote-for-in-the-house-rules-grand-final">Property Observer’s own poll</a>, our readers showed an overwhelming preference for the younger couple. 
The couple will now have their $546,000 mortgage paid off.
“This has just been unbelievable,” said Adam at last night’s live season finale.
“I couldn’t be more proud of Lisa. She came from not knowing anything to being absolutely stunning and amazing and I love her so much."
Dubbed the season's "dark horses" by Johanna Griggs, Adam and Lisa struggled in the first few challenges, receiving just 7/20 for their first makeover task, and forced to sleep in tents while carrying out renovations. Their fortunes changed when they renovated <a href="/expert-insights/building/swimwear-model-maddis-shoe-room-overhaul-as-house-rules-hits-tropical-pallarenda-townsville">Maddi and Lloyd's Townsville home</a>, receiving a first-ever clean sweep, with 10/10 scores from the judges and Maddi and Lloyd.
Lisa was just as Adam thrilled with the season's final result. “This means we can get married, start a family, and our life will be a little less stressful,” she said.
Adam told host Johanna Griggs that he didn’t initially know that Lisa had even applied for House Rules.
“I owe Lisa my life as far as I’m concerned,” said Adam.
Runners-up Carole and Russell thanked all the other contestants.
“Yeah we’re sad we didn’t win, but we’re so happy for [Adam and Lisa],” said Carole. “But look and what we’ve got – we’ve got this amazing home, it’s just sensational.
“We’re so lucky.”
At the beginning of the episode, Carole described her pre-makeover house as “an absolute dump”, which was now a “Balinese paradise”.
In the last challenge, the grandparents requested a “Balinese six star resort” for their spa and bar area. Despite almost running out of money, Adam and Lisa delivered, with a sunken spa, an outdoor shower and a bar featuring jarrah throughout.
They lost points for the poor functionality of their indoor corner seating, which backed onto stacked stone walls. Judge Wendy Moore awarded the team 9/10, while Joe Snell gave them 8/10.
Adam and Lisa received <a href="/expert-insights/building/the-wallpaper-house-rules-in-home-decorating-he-said-she-said">even more wallpaper</a> in their back shed after Carole and Russell pasted gold bullion patterned wallpaper all over the wall behind the bar. The judges loved their long bar set under the shed’s window, with Snell giving Carole and Russell 9/10 and Moore awarding them 10/10.
At the episode’s conclusion, Griggs announced that another season of House Rules will air next year. <a href="/expert-insights/building/house-rules-season-three-do-you-have-what-it-takes">Applications are now closed</a>.
Photo courtesy of Channel 7.
 Note: This article initially incorrectly stated that Wendy Moore gave Carole and Russell a 9/10, with Snell scoring them 10/10. It was in fact Moore that scored the team 10/10. The article has now been amended.
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Underdogs Adam and Lisa win House Rules season two

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Units in Brisbane and the Gold Coast sold for a median price of $370,000 in the three months to June, according to RP Data-Rismark.
Brisbane and the Gold Coast have the cheapest median unit price on the eastern seaboard and are behind Perth, which has a median unit price of $440,000. For the month, Brisbane and Gold Coast unit values were up 1.6%.
Property Observer looks at recent sales to see just what a $370,000 unit looks like in Brisbane and the Gold Coast.
<ol>
<li>
<a href="https://www.realestate.com.au/property-apartment-qld-hope+island-116215299" target="_blank">8418 Magnolia Drive East, Hope Island</a>
<img src="/images/2014/07/07/brisbane_0004_bris%20july%207%20one.jpg.jpg" alt="">   This two bedroom unit sold for $375,000 late last month. Overlooking the <a href="/news">Hope Island</a> Golf Club and Lake Lugano, the unit is “a short buggy ride” to the nearby Marina shopping village. The apartment has two bathrooms, an open plan living area, two basement car spaces and 24 hour manned security. It was advertised as “FIRB [Foreign Investment Review Board] approved to buy for non-Australian residents”.
Price: $375,000
Bedrooms: Two
Drive to CBD (Gold Coast): 31 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-palm+beach-114501115" target="_blank">4/75 Jefferson Lane. Palm Beach</a>
 <img src="/images/2014/07/07/2.jpg" alt="">
A <a href="/news">Palm Beach</a> apartment, metres away from the beach, sold for $368,000. The tiled living area and each of the apartment’s two bedrooms have ocean views. The apartment also has one garage space, a separate workshop and a balcony overlooking the beach.
Price: $368,000
Bedrooms: Two
Drive to CBD (Gold Coast): 25 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-annerley-117083903" target="_blank">4/20 Sarah St, Annerley</a>
 <img src="/images/2014/07/07/3.jpg" alt="">
Sold in late May, this <a href="/news">Annerley</a> apartment secured $365,000. The unit has two bedrooms and one bathrooms, with views from Toohey Forest to Mount Cootha. The newly renovated top floor apartment has open plan living areas and an updated kitchen. The single car garage also includes an internal laundry and storage space.
Price: $365,000
Bedrooms: Two
Drive to CBD (Brisbane): Nine minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-unit-qld-toowong-116920647" target="_blank">7/31 Bayliss Street, Toowong</a>
 <img src="/images/2014/07/07/brisbane_0001_bris%20july%207%20four.jpg.jpg" alt="">
This apartment in a brick block of 12 sold for $364,500 last month. The unit is located in <a href="/news">Toowong</a>, five kilometres west of the Brisbane CBD. Tiled throughout, the upper-floor, newly renovated apartment has two bedrooms, an air conditioned lounge and an updated bathroom. The vendors purchased the home ten years ago, for $210,000.
Price: $364,500
Bedrooms: Two
Drive to CBD (Brisbane): 10 minutes
</li>
<li>
<a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-116361711" target="_blank">128 Charlotte St, Brisbane City</a>
 <img src="/images/2014/07/07/5.jpg" alt="">
This one bedroom apartment with river views is situated right in the <a href="/news">Brisbane</a> CBD in Charlotte Towers. Located one block from the Queen Street Mall, the building has a gym, heated lap pool, outdoor plunge pool sauna and barbecue areas. The buyer can expect to pay $4,300 per year in body corporate fees and $1,900 a year in council rates and urban utilities costs.
Price: $365,000
Bedrooms: One
Located in CBD.
</li>
</ol>
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What can you buy for Brisbane and the Gold Coast’s median unit price?

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The Spanish-style estate of Reese Witherspoon and her husband, talent agent Jim Roth, is on the market.
At just over 0.5 hectares, Witherspoon’s double plot is a fraction of the size of the sprawling grounds that housed her Cruel Intentions character, Annette Hargrove, whose scenes at Mrs Rosemont’s house were filmed at the famous 64.5 hectare Old Westbury Gardens.
Even so, the property’s <a href="https://340northgunston.com/" target="_blank">US$14 million price tag</a> is nothing to sniff at.
Witherspoon’s Brentwood estate, in sweet home California, is situated at the end of a cul de sac in the gated Brentwood Circle community. The home has five bedrooms, each with its own bathroom with shower (which Witherspoon no doubt avoids for 24 hours after a perm) and a powder room. The master bedroom has a vaulted ceiling, fireplace, lavish marble bath, in built robes and a separate gym or office.
The house has a double height entry leading to a formal living room, formal dining room and a cozy library, where one could curl up around a copy of Les Laisons Dangereuses. 
The eat-in kitchen and family home open through French doors to the gardens and lawns, allowing residents to walk the line between the indoors and outdoors.  Outside, there is also a pool, which would hold enough water for elephants, and a spa, perfect for filming an application video for law school. The family friendly gardens hold a sunken trampoline, children’s playground and vegetable gardens.
Australia also makes its mark on Witherspoon’s home, with tall eucalyptus trees on the property.
Witherspoon’s home is selling through David Offer. A 2,682 square metre portion of the property is also available to purchase separately.  
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Elle Woods farewells Brentwood: Reese Witherspoon lists home

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Three people were arrested in Johannesburg earlier this week, following a five months investigation by the Major Fraud Squad of the Western Australia Police.
Working with the Australian Federal Police and South African authorities, the Major Fraud Squad have arrested and charged Asanda Zimkhitha, 28, of South Africa and Magnus Ikechukwu Kama, 38, and Nbubusi Sunday Okeke, 34, both of Nigeria with fraud, forgery and uttering.
The trio allegedly emailed a <a href="/news">Mandurah</a> real estate agency, which was managing a property owned by a South African person, pretending to be the owner.
After convincing the agency to change the owner’s contact details to their own, the three individuals allegedly asked to sell the property, communicating electronically and signing the agreements with forged signatures.
The property was put on the market and an offer accepted by the group, still pretending to be the owner. Hard copy documents were sent to the real owner’s real address in South Africa by post and the true owner contacted the agent, telling them the sale was unauthorised. The police were then contacted.
Last year, a separate fraud attempt occurred when Ntuen Promise Ekenmini collected documents regarding a fraudulent Falcon home sale (near Mandurah), also owned by a South African. Ekenmeni allegedly collected the document at a Lagos courier office, using a fake driver’s licence.
Detective Senior Sergeant Dom Blackshaw of the Major Fraud Squad of the West Australian police acknowledged the work of South African authorities and the Australian Federal Police.
“This successful outcome could not have been made possible without the excellent support and cooperation of the AFP and local authorities in South Africa,” said Blackshaw.
“This spirit of cooperation means that offenders who attempt these frauds can’t hide behind international borders, and we will be working effectively and cooperatively to make sure they are identified and caught.”
He also told the Australian Broadcasting Corporation (ABC) that the trio won’t be extradited from South Africa.
"We won't prosecute for the attempt here because they will be adequately dealt with in that country and obviously save that large cost and the time spent trying to bring people into our country to try and prosecute,” Blackshaw told the ABC.
"We're hoping that these three, that are now going to be interviewed by the South African authorities, will even throw more light on how they are operating and the extent of the group,” he continued.
West Australian Commissioner for Consumer Protection Anne Driscoll said real estate and settlement agents must be wary of fraud attempts.
 “Unfortunately these fraud attempts will undoubtedly continue so all agents need to be vigilant at all times and have the processes in place to detect these fraud attempts at an early stage,” said Driscoll.
“It is an essential part of the identity verification procedures for any change of contact details by an owner to be confirmed by the real estate agency by sending a notification to the original addresses, both physical and electronic, that are on file. This will alert the real owners at an early stage if their details are being changed fraudulently,” she said.
“This confirmation should occur before any documents are sent which could give criminals even more information about the real owners and the property they are trying to sell. Requests to change details by owners of WA property living in Africa should raise a red flag and warrant special attention to property managers.
“There have been two successful and now six attempted real estate frauds reported to us in the past six years and all except for one of those cases have involved owners in South Africa. The other owner resided in Nigeria. Property managers who receive change of contact details and agents who receive sale requests from South African and Nigerian owners should apply intense scrutiny,” said Driscoll.
Under the Codes of Conduct, real estate and settlement agents have an obligation to make sure they carry out sufficient identity checks and compare all signatures against originals. If they fail to comply, they may be subject to disciplinary action.
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Three arrested in South Africa after WA home sale scam

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

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>

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]

Jessie Richardson

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