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Australia's apartment market is self-correcting with fewer projects in the pipeline, according to Andrew Schwartz, the co-founder and managing director of real estate investment firm, Qualitas.
But it won't crash, Schwartz suggests.
He suggested the Australian market had certain qualities that allowed it to self-correct including high levels of migration, a demographic shift towards apartment living and low and stable levels of rental vacancy.
Another key distinction of the local market is the mix of foreign and local buyers.  “Although there has been a lot of concern expressed about the volume of sales to foreign buyers, the Australian banks – again, using very prudent lending standards - have insisted that a maximum of 30% (and often much lower) of total sales could be made to foreign purchasers.   “In addition, we know from our own experience that approximately one-third of all foreign buyers settle using their own cash resources.
"So, even assuming all the remaining foreign purchasers fail to settle - which seems a very harsh assumption - the banks will still have very comfortable levels of security,” Mr Schwartz said.  “Given the high level of pre-sales required upfront, the dominance of local buyers, and the banks’ conservative lending standards, we think it’s highly unlikely that there would be a rush of bank liquidation sales for apartments.  “There could be a short period where there is some market excess, but overall, we continue to see the absorption rates being strong, as evidenced by continuing sales across well-designed projects.  “The demographics also continue to weigh in favour of residential apartments – including an ageing population seeking to downsize, an influx of offshore students, and continued high levels of immigration,” Mr Schwartz said.
The boutique lender, which was founded in 2008, has financed or invested in $3.5 billion worth of real estate projects, mostly apartment projects.
He anticipated any potential apartment over supply would be short-lived. 
"By 2020, prices will have risen, especially in Sydney and Melbourne, to support a new round of much-needed development projects," he said.
"However, we do see some warnings on the horizon for the short term. This includes increased supply concentrated into specific precincts across Australia, fully priced site values, rising construction costs, lower levels of available construction finance, and curbs on loans to foreign purchasers and additional taxes for this group," he said.
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Australian apartment market won't crash: Qualitas

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Funds manager Will Liley and his UK born artist wife Janice have sold their Southern Highlands retreat, Rosehill Farm.
The 45-hectare Kangaloon holding comes with Richard Rowe designed six-bedroom, seven-bathroom house.
It has been sold to entreprenuer Rose Deo for $4.8 million through Colliers International agent Deborah Cullen.
Janice enjoyed the four seasons on offer - with the change of colours - as an artist. Janice studied at the National Art School, Sydney, and before than at Cheltenham College of the Arts in the UK.
Liley, who rowed for Australia in the late 1960s and 1970s, before he founded infrastructure investment firm mInfra
Their 2005-built Australian homestead with a wrap-around verandah, incorporated elements of New England architecture.
Landscape architect Michael Bligh helped with the grounds which comes with a kilometre-long avenue lined with white-trunked Blue Mountains ash eucalypts
This article was first published in the Sunday Telegraph.
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Rosehill Farm, Kangaloon sold

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<img src="https://counter.theconversation.edu.au/content/65335/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
A proposal designed to stop illegal phoenix activity being actively considered in New Zealand could be similarly adopted in Australia, potentially saving billions of dollars.
Illegal phoenix activity – which involves directors intentionally liquidating companies after shifting their assets to new (“phoenix”) companies to defraud taxation authorities, trade creditors and employees – is widespread in Australia. 
A Productivity Commission report last year found there were between 2,000 to 6,000 phoenix companies operating in Australia, costing A$1.8 billion to A$3.2 billion per annum. 
Likewise, a Senate Economics References Committee inquiring into the Australian construction industry found illegal phoenix activity was a problem “throughout the economy” and one that suggested “a significant culture of disregard for the law”.
I lead a research team from the University of Melbourne and Monash University that has been investigating ways to regulate phoenix activity. We recommend directors be forced to undergo a 100-point identity check – just as they do when opening a bank account or obtaining a passport – before they are allowed to act as a director or start a new company.
The issuing of a Director Identification Number (DIN) would enable tracking of directors that have been involved in multiple failed companies. It would also reveal fictitious directors, currently the bane of credit rating agencies and the Australian Taxation Office. Requiring would-be directors to quote their DIN on applications to incorporate companies would let ASIC build a valuable database of directors’ corporate histories, helping it to identify repeat offenders and candidates for disqualification from managing corporations.
Take the case of Melbourne builder Frank Nadinic, who told a Senate inquiry he had unintentionally registered 32 to 33 companies using three different versions of his name. ASIC has power under the Corporations Act to disqualify directors who are involved in two or more failed companies within the past seven years. A DIN may have prompted ASIC to investigate the status of the companies Mr Nadinic had registered, whether any of them had failed, and if so, whether disqualification would be an appropriate regulatory response. 
Another company director, Mark Frederic Byers, was disqualified in July 2016 from managing companies. He was suspected of engaging in illegal phoenix activity, insolvent trading and breaches of directors’ duties in relation to four failed companies. Byers has since been banned from managing companies for five years. He is listed on ASIC’s disqualified directors’ database under three different versions of his name and with three different entries for his address.
While illegal phoenix activity is most prevalent in the small to medium business sector, the cost of individual phoenix cases can still be significant. For example, the seven companies operated by disqualified directors Peter and Terry Panayi failed with an estimated total deficiency of assets of more than A$9 milllion. 
A Director Identification Number would also potentially minimise the costs of multiple corporate failures resulting from misconduct other than illegal phoenix activity. Take Ian Douglas Christiansen, who, according to ASIC, was involved in the failure of fifteen companies with estimated total deficiencies of approximately A$330 million. Christiansen was disqualified for a suspected breach of directors’ duties and failure to keep financial records. 
In such a situation, a Director Identification Number would signal to ASIC that it may be appropriate to carry out an investigation. If it did so at an earlier stage it could significantly mitigate the losses resulting from repeated corporate failures.
The Productivity Commission has endorsed our proposal, as have a range of professional industry associations, and it was also recently recommended by the New Zealand Insolvency Working Group (Measure 3). Countries as diverse as India and Estonia have implemented director verification procedures. 
The Director Identification Number is just one of a range of measures that our research team will ultimately recommend to combat illegal phoenix activity. But it is an important first step toward protecting taxation authorities, trade creditors and employees from this widespread and damaging practice.
Helen Anderson is professor, University of Melbourne and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/helen-anderson-174490" target="_blank">here</a>.
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Property 101: Illegal phoenix activity is costing us billions – here’s how it could be stemmed

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<img src="https://counter.theconversation.edu.au/content/66137/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
It is with great sadness that I acknowledge the passing of Bill Mollison on Saturday, September 24 (1928-2016). He was one of the true pioneers of the modern environmental movement, not just in Australia but globally. 
Best known as co-originator of the “permaculture” concept with David Holmgren, and recipient of the Right Livelihood Award in 1981, Mollison helped develop a holistic body of environmental theory and practice which is widely recognised as one of Australia’s finest and most original contributions to the global sustainability challenge.
<h2>A brief history of permaculture</h2>
Mollison grew up in Stanley, Tasmania. After leaving school at 15 he moved through a range of occupations before joining the CSIRO in the Wildlife Survey Section in 1954, where he developed his research experience and understanding of ecological systems. 
He was later appointed to the University of Tasmania, which is where, in 1974, he met the brilliant and radical young research student, David Holmgren
The collaboration between Mollison and Holmgren resulted in the permaculture concept, culminating in the publication of their seminal work, Permaculture One in 1978, which sparked the global movement.
<h2>What is permaculture?</h2>
Permaculture defies simple definition and understanding. The term began as a fusion of “permanent” and “agriculture”. Even back in the 1970s, Mollison and Holmgren could see how destructive industrial agriculture was to natural habitats and topsoils, and how dependent it was on finite fossil fuels. 
It was clear that these systems were unsustainable, a position ratified by scientific reports today which expose the alarming effects industrial agriculture has on biodiversity and climate stability. The two pioneering ecologists began to wonder what a “permanent agriculture” would look like. Thus permaculture was born.
In the broadest terms, permaculture is a design system that seeks to work with the laws of nature rather than against them. It aims to efficiently meet human needs without degrading the ecosystems we all rely on to flourish. 
Put otherwise, permaculture is an attempt to design human systems and practices in ways that mimic the cycles of nature to eliminate waste, increase resilience and allow for the just and harmonious co-existence of human beings with other species.
A wide range of design principles were developed to help put these broad ideas and values into practice. This practical application and experimentation is what really defines permaculture. Before all else, participants in the movement get their hands in the soil and seek to walk the talk. 
There is now a vast array of excellent books detailing the practice of permaculture, as well as outstanding websites such as the Permaculture Research Institute for those wanting to learn, share, explore and connect.
Although permaculture was initially focused on sustainable methods of organic food production, the concept soon evolved to embrace the broader design challenges of sustainable living – not just “permanent agriculture”, but “permanent culture”.
Today we face profound environmental and social challenges: ecological overshoot, climate instability, looming resource scarcity, and inequitable concentrations of wealth. In such a world the permaculture ethics of “care of people, care of planet, and fair share” imply radical changes to the way we live with each other and on the planet. 
As well as transitioning away from fossil-fuel-dependent agriculture toward local organic production, permaculture implies the embrace of renewable energy systems, “simple living” lifestyles of modest consumption, as well as retrofitting the suburbs for sustainability and energy efficiency.
From a grassroots or community perspective, the transition towns and ecovillage movements acknowledge their profound debts to permaculture. 
From a macroeconomic perspective, permaculture implies a degrowthtransition to a steady-state economy that operates within the sustainable limits of the planet. Permaculture even has implications for what alternative forms of global development might look like.
So, in answer to the complex question “what is permaculture?”, perhaps the most concise response is to say with others that “permaculture is a revolution disguised as organic gardening”.
<h2>Bill Mollison’s legacy: a challenge to us all</h2>
Despite developing into a thriving global movement, permaculture still has not received the full attention it deserves. As the world continues to degrade ecosystems through the poor design of social and economic systems, it has never been clearer that permaculture is a way of life whose time has come.
Nevertheless, permaculture is not a panacea that can answer all challenges. Permaculture is not without its critics (see, for example, here and here). But I would argue that the lens of permaculture can certainly illuminate the path to a more sustainable and flourishing way of life, such that we ignore its insights at our own peril.
Thank you, Bill Mollison, for the inspiration and insight – and the challenge you have left us with to design a civilisation that regenerates rather than degrades our one and only planet. May humanity learn the lessons of permaculture sooner rather than later.
Only then, I suspect, will “Uncle Bill” rest in peace.
Samuel Alexander is research fellow, Melbourne Sustainable Society Institute, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/samuel-alexander-102353" target="_blank">here</a>.
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A revolution disguised as organic gardening: in memory of Bill Mollison

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Cheviot Hills, a grazing property near Penshurst in Victoria's Western District has been listed for sale for the first time in 164 years.
The 1951-hectare land holding which has been owned by the Hutton family since 1852 could fetch a reported $10 million plus.
The property includes a renovated four-bedroom bluestone homestead.
The mixed-grazing enterprise runs both Hereford cattle and Corriedale sheep. 
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Bluestone Cheviot Hills homestead farm in Western Districts listed 

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<img src="https://counter.theconversation.edu.au/content/65643/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Gardening is good for your health, but it can pose some risks if you’re not careful. For example, you should use sensible protection against the sun to prevent cancer, a significant cause of death in Australia.
Gardening in Australia also requires, to varying degrees depending where in the country you are, pesticides, herbicides and fertilisers. There is an enormous number of agents with multiple formulations, depending on what you are doing, what plants you are tending, the size of your garden and the kind of soil. 
These garden treatments are designed to be specific and potent, so they can be applied less often and work (mostly) only on the things you want them to work on. All of them – even the “natural” ones such as sulfur dusts to control caterpillars and mildew – are chemicals, which means they have health risks. 
<h2>Regulation of chemicals</h2>
While not perfect, gardening product safety is regulated in Australia. Let me introduce you to the Australian Veterinary Medicines and Pesticides Authority. This body regulates pesticide (a substance that kills pests such as insects and weeds) and herbicide (a substance that kills only weeds) products sold in Australia. 
The AVPMA regularly reviews products for safety concerns, though the reviews may be decades apart. It co-ordinates with World Health Organisation bodies and its counterparts in Europe, Canada and the United States. 
Given the sheer number of compounds and formulations available, I can’t possibly cover the safety of all chemicals, or even all groups of chemicals. If you are concerned about a particular product, you can search the AVPMA site for the ingredients in a given pesticide, herbicide or fertiliser. 
This may be tricky, as some will not necessarily have a chemical name on them, just the trade name. However, most pesticides and herbicides from reputable companies should have a material safety data sheet (MSDS) with them. This should give you the details you need to check through the AVPMA site.
<h2>Pesticides</h2>
There are three ways to deal with pests (well, four if you count laboriously picking them off your plants): repel, smother or poison them. All these can harm people if they are exposed to significant quantities. But in an urban garden, exposure to pesticides is typically small and of limited duration.
Common smothering pesticides are oils such as petroleum oils used to control, say, leaf pests on citrus, or pests in a variety of other circumstances. If you apply these often, without gloves, you might get skin irritation; or lung irritation if you breath the spray in. So always follow the directions, which include wearing gloves and spraying so the wind doesn’t blow the spray back into your face.
Modern poisoning insecticides include the pyrethrums which are found naturally in some chrysanthemum flowers. Both the natural pyrethrum and synthetic pyrethroids have low toxicity to humans – particularly at the doses found in garden products. Continuous use of pyrethroid insecticides has no health implications for humans if instructions are followed.
Neonicotinoids are synthetic insecticides that mimic nicotine, which is toxic to insects. These have a place in pest control if used thoughtfully and sparingly. Unlike pyrethroids, these insecticides target a pathway in the insect nervous system shared with humans, so could potentially harm us.
When used as directed, poisoning should not occur and animal studies suggest human exposure should not lead to significant health effects. Neonicotinoids are toxic to bees, although Australia has not had the big bee crash seen in the US and parts of Europe.
Chronic use of neonicotinoids in a human gardening population has not been assessed for long-term health effects, but a small study of agricultural workers has shown no effect of chronic exposure. Another small study, however, suggests some association with memory loss. 
<h2>Herbicides</h2>
Again, there is a bewildering variety of herbicides, depending on what weedy species is being targeted and how the weed is being killed. 
Right out of the gate is glyphosate, used for broadleaf weeds. This chemical, commonly sold as Roundup, caused some controversy after the International Agency for Research on Cancer (IARC) concluded it was a probable human carcinogen. 
However, the IARC’s determination was based on only a small number of animal studies and didn’t include a number of animal studies where glyphosate did not cause cancer. It also said nothing about risk; that is, what is the likelihood glyphosate would cause cancer at the concentrations humans are usually exposed to? 
The European Food Safety Authority and the AVPMA have evaluated the evidence and determined that under appropriate handling conditionsapplicable to general backyard gardeners, there is no risk to humans.
As a comparison, a homemade herbicide of salt, vinegar and soap that is claimed as a replacement for glyphosate is more toxic than glyphosate.
Another herbicide for woody weeds, like blackberry, is Triclopyr. This can cause eye and skin irritation, but has no serious long-term health impacts if proper safety procedures are followed.
<h2>Fertilisers</h2>
There are many formulations and varieties of fertilisers depending on soil type and location (where I live is basically sand). Health risks are basically related to long-term inhalation of fine particles, which could cause breathing difficulties. Once again follow the safety instruction.
<h2>Caveat</h2>
Just because a given product is not, or minimally, toxic to humans, that does not mean you should apply it to your garden by the bucket load. Always apply any garden chemical with care and thought, using the right amount at the right time for the right purpose.
Any agent you apply or spray can cause adverse reactions if you don’t use it as directed. Getting “organic” garlic and soap insecticide spray in your eyes will hurt like billy-o, just like the latest you-beaut synthetic pyrethrum spray, even though both are pretty much non-toxic to humans. 
Inhaling dusts can irritate your lungs. Always make sure you are wearing gloves, apply sprays and dusts downwind and wear goggles if necessary. Always follow the directions.
Ian Musgrave is senior lecturer in Pharmacology, University of Adelaide and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/ian-musgrave-1808" target="_blank">here</a>.
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Are common garden chemicals a health risk?

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<img src="https://counter.theconversation.edu.au/content/66202/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Drone footage is everywhere, whether used to film extreme sports, outdoor events, nature, music festivals, or just for its own sake.
Recreational aircraft such as quadcopters, fixed-wing and mini drones are getting ever cheaper and easier to buy. They are fast becoming a must-have item for people who want to document their activities for social media, or just explore their neighbourhood.
As of today it will also be legally easier to use such aircraft in Australia, with the relaxation of Civil Aviation Safety Authority rules about “remotely piloted aircraft”, or RPAs.
The change is partly due to the significant challenges of regulating something that is so easy to buy and even easier to use. As a result, you can expect to see many more drones in the sky from today – and of course, given that they routinely have high-resolution cameras on board, you can expect a lot more drones to be seeing you.
<h2>What do the relaxed rules involve?</h2>
The new, relaxed regulations – first proposed in April this year – will exempt drones under certain weight limits from licensing and notice requirements.
In particular, drones weighing less than 2kg will not need to be licensed at all. Owners only need to notify CASA of their use if it is for commercial purposes. Similarly, drones under 25kg can also be flown without licensing or notification requirements if they are used for “sport and recreation”, or if they are flown on private land and used for private aerial photography, spotting, communications or agricultural operations.
Operators of drones weighing more than 100g will still have to steer clear of certain areas, under the so-called “standard RPA operating conditions”. This means no flying in controlled or prohibited airspace; above 400ft (122m); at night; in swarms; over emergency operations without approval; within 30m of another person; out of the pilot’s direct line of sight; or in an area of “sufficient density of population for some aspect of the operation … to pose an unreasonable risk to the life, safety or property”.
<h2>What about privacy?</h2>
What is notably absent from the standard RPA operating conditions is any requirement to avoid flying over private property. Nor do the rules require the operator to respect the privacy of others or refrain from filming them, either on their own land or in public.
That may concern some people, because in Australia there is little legal recourse if someone films you in your backyard, in a secluded area or even through your window at home.
The loosening of the rules thus has obvious implications for privacy. Every new drone platform is basically an eye in the sky, capable of recording high-resolution images and video.
In 2014, a Commonwealth House of Representatives standing committee warned:
"Remotely piloted aircraft (RPAs) have the potential to pose a serious threat to Australians’ privacy. They can intrude on a person’s or a business’s private activities either intentionally, as in the case of deliberate surveillance, or inadvertently."
The committee recommended a raft of urgent legislative changes to counter the wide-scale adoption of “privacy-invasive technologies” like drones. But the recommendations were not taken up by the government, and nor was the committee’s echoing of the recommendation by the Australian Law Reform Commission that Australia develop a “tort of privacy” to guard people against intrusion by drones.
Such a measure would allow individuals to sue for damages if another person grossly violates their private life or affairs. While this privacy law remedy is available in other countries, Australian courts have generally rejected it.
This is largely a result of a 1936 court case brought against a man called George Taylor, who built a viewing platform on land next to Victoria Park Racetrack so he could call the races over the radio. The racecourse sued him for a breach of privacy but the High Court of Australia rejected the claim, not wanting to set a precedent by which neighbours could sue one another for simply peering over a fence. Chief Justice Latham’s reasoning was simple:
"Any person is entitled to look over the plaintiff’s fences and to see what goes on in the plaintiff’s land. If the plaintiff desires to prevent this, the plaintiff can erect a higher fence."
This reasoning has prevailed in Australia ever since. But as the sky grows ever more saturated with cameras, it becomes harder to justify. No longer can you just build a higher fence, unless of course you want to box in your entire property from any aerial observation.
This is why the legal justification has been criticised by scholars, lawyers and privacy advocates, as well as by parliamentary bodies specifically in response to “privacy-invasive technologies” like drones.
Given that nothing has been done about it – even while agencies like CASA make it ever easier to record invasive footage – it may be time to accept that, in Australia at least, the age of privacy might really be over.
Brendan Gogarty is<a href="https://theconversation.com/profiles/brendan-gogarty-146584" rel="author"> </a>lecturer in Law, University of Tasmania and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/brendan-gogarty-146584" target="_blank">here</a>.
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 New drone rules: with more eyes in the sky, expect less privacy

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The yoga devotee Eriko Kinoshita has sold her beachfront home in Newport for about $8 million.
The retreat had $11 million plus hopes on its initial listing last October, which were revised to $10.8 million expectations a year into its marketing.
The three bedroom Myola Road home - a fusion of timber, copper, bronze, steel and concrete surrounded by Japanese-style gardens - was designed by the local architect Peter Stutchbury about a decade ago. 
The 1150 sq m block cost $750,000 in 1992. Kinoshita co-founded Yoga Aid International with husband Clive Mayhew.
It was marketed as a residence of zen-like simplicity and serenity.
This article was first published in the Saturday Daily Telegraph.
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Peter Stutchbury designed Newport trophy home sold

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GUEST OBSERVER
The announcement by NSW Minister for Planning, Rob Stokes, that an architecture and design policy will be developed to give a focus on design quality is positive, provided a balance between innovation and regulation is achieved. 
Clearly it is better to have good design rather than bad design of the buildings and precincts in urban areas.
While the intent of the policy is good we need to ensure that design does not become a tick the box assessment criteria measured against prescriptive design manuals.
The draft document states that guidelines, standards and manuals will be developed ‘to assist authorities in the assessment of design proposals.’ 
The draft policy document has many worthwhile statements about the importance of design quality but design quality can be a very subjective issue. The draft policy, for instance, says good design is 'local and of its place' as well as being ‘distinctive, visually interesting and appealing’. This raises the issue of balancing local design that fits in with the existing context compared to the one off exceptional design that stands out.
The Urban Taskforce is supportive of the need for design excellence in the built environment particularly as our urban areas become more compact. Currently State Environmental Planning Policy 65 defines design quality through the Apartment Design Guide for buildings above 3 storeys. 
Any new policy must not duplicate the current SEPP.
The role of The NSW Government Architect is supported by the Urban Taskforce as an advocate for design quality across New South Wales. The current Government Architect, Peter Poulet, is chair of the Taskforce’s Development Excellence Awards jury and we are positive about supporting his role.
The most likely way to lift design quality is to ensure the best designers do the work. This is what SEPP 65 does by ensuring qualified architects design apartment buildings over 3 storeys. The use of design excellence competitions with floor space uplift as an incentive are worthwhile and design review panels with a diverse group of reviewers can also help ensure quality.
The Urban Taskforce is keen to work with the NSW Government to develop appropriate approaches to ensuring design quality as cities like Sydney double in size over one generation. Clearly denser cities need to ensure that design quality gives communities a positive sense about both the private and the public built environment. The NSW Government Architect can play an important role in delivering these quality outcomes.
Chris Johnson is chief executive officer of property development industry group Urban Taskforce and can be contacted <a href="https://www.urbantaskforce.com.au/index.php?option=com_content&amp;view=article&amp;id=97&amp;Itemid=126#.Vdaart55dFI" target="_blank">here</a>.
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NSW architecture and design policy needs to balance innovation and regulation: Chris Johnson

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Real estate sales and transparency don’t always go hand in hand, but Australia seems to be do it better than the rest of the world.
With just the UK doing better, estate agency JLL’s latest Global Real Estate Transparency Index ranks Australia second among 109 markets across the globe.
Reduced purchasing and ownership risks means greater attraction.
JLL considered factors such as the availability of market data, governance, transaction processes, property rights and the regulatory and legal environment. 
Australia has a strong legal framework to define and protect property rights and an open and established bidding process, said the JLL head of Australasian research, David Rees.
“The market has a long history of transactional and time series data-information across all the major metrics, data is easily accessible to most participants,” Dr Rees said.
Dr Rees said evidence from the past 12 years of the survey pointed to a correlation between market transparency and investment volumes for both commercial and residential property.
Australia's safe haven status is a key reasons behind the investment of the Chinese whose major cities Beijing and Shanghai sit in the semi-transparent category.
Dr Rees says the rapid growth of cross-border investment means that investors place a big premium on accurate and timely information.
Australia is indeed fortunate to have CoreLogic's home value index, which is the most sophisticated hedonic benchmark in the world.
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CoreLogic's numbers follow adjustment for the types of homes that are sold in any period by collating their land size, location and specific attributes, including the number of bedrooms, bathrooms, car spaces and so on.
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Thier method harnesses the actual sales to "reprice" Australia's entire stock of 9.7 million homes, rather than relying on the five per cent of stock that might trade in any given year. 
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<div>CoreLogic reportedly invests $20 million a year maintaining its real estate data base.</div>
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Australia status is under threat given the decision last month by the Baird Government to sell the NSW land titles registry.
The land registry is crucial for the security of property ownership as it guarantees the title to everyone’s land.
Its pending sale to a private operator has not been on the public radar, but Margaret Hole, a former president of the NSW Law Society, has been among those who've raised concerns.
Under our world class Torrens title system the land title is guaranteed by the independent scrutiny of the State Government. However once the system is privatised, the government guarantee will be downgraded with an inevitable less reliable service than the one I've seen whenever visiting the land titles office over the past three decades. 
The trained government staff have required sound knowledge of the survey process, legal matters related to plan and title examination, road redefinition, council requirements, strata and community title legislation, the Railways Act, the Pipelines Act and many other regulations.
Once it is private hands, and the current checks and balances are reduced, it's thought title insurance will become essential for the 200,000 plus annual land transfers potentially costing home buyers $500 million annually.
Land title insurance has been unnecessary because the integrity of the system of registration since 1863 with fewer than a handful of claims annually against the Torrens Assurance Fund.
The UK government recently considered privatising its land registry, but hasn't proceeded when it was revealed that all the bidders were linked to tax havens.
Tax havens, after all, don't do transparency.
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This article first appeared in The Daily Telegraph.
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Australia a world leader in real estate transparency, but status threatened

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Jonathan Chancellor

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