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SPONSORED POST
Buyers want technology in their dwellings and lives.
So Avantra, the Longton Property Group’s $300 million project in Sydney’s Mascot, aims to bring this new dimension to the luxury residential living with its mix of high-end design and technology. 
On completion residents of the 328-apartment complex will have access to a unique iButler service that simplifies tasks like shopping, cleaning, pet care etc.
iButler is a cross-platform application that offers customers a search and booking function for domestic services such as shopping, car washing, pet care, household cleaning, dry cleaning and booking removalists. 
Avantra residents will be able to use their provided iPads and other personal devices to book services simply by entering their postcode from any location and choosing the desired service.
Home automation is one of the unique technological offerings of the Avantra project, and the developer's apartment project offers unique home automation through the iButler service.
Online grocery shopping through the iButler system is a convenient service.
It also including ‘smart’ digital lockers that residents can use to receive home delivered goods.
Avantra is spread over a 8,762 square metre site and comprises two multi-storey buildings, including ground floor retail and a courtyard garden.   
Residents will also have their own information sharing network, iCommunity, providing updates on the news, weather and finance on personal devices and electronic noticeboards placed in the lobby.
The iCommunity Network is a dedicated community social media platform for each Longton apartment complex, which uses Twitter and its Chinese sister, Weibo, to create a virtual neighbourhood. 
The social media network will deliver daily updates regarding neighbourhood events (like BBQs, birthdays, catch ups), community initiatives (sports or groups) and a classified advertisements section. 
The courtyard overlooked by the multi-storey apartments also focuses on the concept of community.
Avantra’s landscape designer, Daniel Baffsky of 360 Degree Landscape says it is designed to bring “a higher level of detail to the landscape spaces so we bring in a domestic feel”.
The internal size of studios in Avantra are 60m˛to 61m, one-bedroom plus MPR units are 75m to 82m, two-bedroom plus MPR units are 100m to 127m, while three-bedroom plus MPR unit is 154 m. 
Avantra builds on a blend of an iconic industrial past with contemporary city living, boasting roof top gardens and a swimming pool with a view of the CBD, according to the developer.
It is close from Mascot station and 5 km from the Sydney CBD. 
Residents can expect to move in by December 2017.
For more information, <a href="https://www.avantra.com.au/" target="_blank">click here</a>.
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jchancellor-FAypfDUnLy

New housing project in Sydney's Mascot makes life easy with Hi-Tech

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<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The competition to be the city with Australia’s “tallest skyline” is in full swing. But too many towers are rejecting local climate and context in an attempt to dominate skylines.
As a high-rise apartment boom sweeps Australia, concern is growing that the proliferation of skyscrapers will be to the detriment of cities.
To overcome this, we need to move away from thinking about the skyscraper as an “icon”. Instead, we should be asking how the tall building – which will always “stand out” – can also “fit in” to cities.
Towering trends
Australia is home to around 325 towers of 100 metres or taller in height (approximately 30 storeys and above). Most are located in Sydney or Melbourne.
Around 272 additional towers are either under construction or proposed in Australia. Melbourne, in particular, seems to be embracing the skyscraper. It has 111 new towers in the pipeline, more than double that of Sydney.
<a href="/images/2016/04/21/image-20160413-15868-1toptiq.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/21/image-20160413-15868-1toptiq.jpg" alt="">
Tall building construction in Australia - Left: number of buildings 100m+ completed each year; right: total number of buildings 100m+ completed, under construction or proposed per city. www.skyscrapercenter.com
Such numbers may seem dramatic. But they reflect a greater international trend in high-rise construction.
In the 20th century, 1,062 towers of 150 metres or taller were completed globally. Yet it took just eight years of the 21st century for this figure to double. Between 2000 and 2015 2,445 skyscrapers taller than 150 metres were built. A further 1,793 are under construction or proposed.
China is without doubt the centre of this construction boom. Research suggests it will build between 20,000 and 50,000 skyscrapers over the next 20 years to accommodate 350 million new urban dwellers. Shanghai already has 1,510 towers taller than 30 storeys – almost five times as many as Australia.
Few places are escaping this trend. London has 175 skyscrapers of 30 storeys or taller in the pipeline. This has led some to worry the city will turn into “a bad version of Dubai or Shanghai”.
Switzerland – known better for its timber chalets than crystalline towers – intends to build between 140 and 160 new high-rises.
Economics certainly plays a role in driving this trend. The skyscraper has long been known as the “machine that makes the land pay”. With the increasing cost of inner-city land, building up is a sure-fire way to increase developers’ potential profits.
Then there is the huge level of urbanisation in the developing world. Rural-to-urban migration is driving a huge demand for new housing. Add to this the growing popularity of city-centre living. The suburbs are failing to compete with the vibrancy and culture the city has to offer.
Finally, towers are being used as part of global or regional competitions to demonstrate a city’s or company’s identity and success. As far back as the 12th century, rich families in Bologna built increasingly tall towers as status symbols for their wealth and power, displaying their dominance over their rivals.
Little has changed. Rival casinos plan competing towers either side of Sydney’s Darling Harbour, acting as urban “trophies” at a city scale. But surely our towers should be more than just trophies?
The generous skyscraper?
One of the main challenges that separates low-rise from high-rise buildings is the scale of their impact on the city.
Shorter buildings will often only have an impact on their immediate surroundings, perhaps a few hundred metres beyond their boundaries at a maximum. A skyscraper, however, will likely be experienced both visually and environmentally across a city for several kilometres. A tower’s shadow can stretch for hectares.
Historic city views and panoramas can be altered forever. Reports of hundreds of new skyscrapers bring to mind canyonesque streets, hemmed in by concrete blocks that plunge parks and public realm into darkness. However, this doesn’t have to be the case.
Rather than using dramatic shape and form in skyscraper design to create icons, Chicago architect Jeanne Gang’s Solar Carve Tower in New York, for example, is carved and chamfered to allow light to penetrate onto the public High Line below. A similar generosity of design would not go amiss in most new towers.
Beyond transparency
Too many of Australia’s tallest towers say very little about the context within which they sit or the climate in which they perform. This is not unique to Australia.
The rise of generic glass towers on skylines globally has led to concern that cities are becoming homogenised by cookie-cutter tower blocks. In doing so, they are losing some of the qualities that make these cityscapes unique.
Worse still, the use of seemingly never-ending glazing on tower blocks is environmentally criminal in most Australian climates.
There’s little point in building up if we don’t celebrate the million-dollar view height provides. But does this really mean wrapping every inch of towers in floor-to-ceiling glass?
A more contextual response would be to learn to balance view with appropriate shade and solidity in tall building facades, developing designs that respond to local climate and sunpath. Such an approach could breed a new generation of sustainable Australian towers, uniquely linked to one of a city’s strongest determinants – its climate.
Ground floor interface
While skylines get all the headlines, it is at the ground level where skyscraper design perhaps needs greatest improvement.
Residential towers can offer little more than gleaming glass real estate in the sky, most of which is inaccessible (literally and often financially) to many city residents. Given that upper floors are out of bounds, the ground floor becomes the key place where the public can interact with the building.
The problem is the ground-floor realm often only accommodates access for parking and private lobby space. Since most residential towers are single-function, they lack the vibrancy and activities that mixed-use buildings with cafes, restaurants and work spaces offer. This means any public spaces that are created can be empty during the day when residents are at work.
But it doesn’t have to be this way. Building up and creating higher densities can (in theory at least) free up greater space for the public at ground. What’s more, it can free up higher spaces, more dramatic and exciting spaces that would be unviable in low-rise schemes.
It can be difficult to argue that the skyscraper is not a selfish typology – absorbing resources, light and airspace from the city. But it can be a generous one too – perhaps most generous of all by providing higher densities and thus more compact cities, reducing suburban spread.
But our next generation of residential towers need to do more than simply generate higher densities. Key to this is moving away from treating towers as mere icons and instead creating high-rise architecture that responds to each city’s unique climate, culture and context.
Philip Oldfield senior lecturer, School of Architecture &amp; Design, UNSW Australia and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/philip-oldfield-140685" target="_blank">here</a>.
 
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Beyond the icon: despite a construction boom, Australian skyscraper design needs to evolve

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The Federal Treasurer Scott Morrison has delayed any potential sale of the Kidman &amp; Co cattle empire to Chinese interests until after the federal election so as to thoroughly assess the transaction’s national interest merits.
It was revealed Australian Rural Capital (ARC) was providing a 20 per cent local stake in a Chinese-led joint-venture deal to buy the massive pastoral business which covers 2.5 per cent of the nation’s agricultural land for $370 million.
Shanghai Pengxin would indirectly control 80pc of the business that currently covers about 11m hectares in Queensland, SA, NT and WA.
The offer needs Foreign Investment Review Board (FIRB) approval and Mr Morrison’s consent.
He’d signed an order last Friday which prohibits the Kidman transaction from proceeding for a period of 90 days from the gazetted date, meaning any final call of Kidman is likely to occur after polling day.
Mr Morrison said the order provided further time for him to consider the national interest implications “of this complex and sensitive acquisition”.
“My obligation is to make careful and detailed assessments of foreign investment proposals against the national interest and that is exactly what I intend to do on the Kidman matter as I did on the previous consideration of that transaction,” he said.
“National interest considerations of proposed transactions should not and will not, on my watch, be rushed, on important matters such as this.”
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Kidman sale to Chinese interests delayed

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The former petrol station at Dulwich Hill - which has almost shrine like status for devotees of the conservative Prime Minister John Howard - has been listed for sale as a residential development site.
It was the corner servo where the future 25th Prime Minister cut his teeth in the family's battling small business in the 1940s.
The Wardell Road offering will go to auction alongside an adjacent property.
They have a combined price guide of between $3.8 million and $4.2 million.
Born in 1939 John, like his older brothers, Wal, Stan and Bob pumped petrol at weekends for his father who was a supporter of the then newly-formed Liberal Party.
They lived through the post-war turmoil of a long coal strike and petrol rationing, and although he was only 10, John Howard maintained a clear recollection of the 1949 election campaign that brought his hero, Robert Menzies to power.
"I can remember listening to the policy speeches on radio with my father," he told journalist Craig McGregor in 1982.
"I can remember the talk around the house, which was very anti-Labor. It had a particular bias because of petrol rationing.
One of Menzies' slogans had been "Empty out the Chifley socialists and fill up the bowsers." 
John Howard also recalled the family elation on the night of the Menzies election and of a celebratory backyard bonfire to burn the rationing coupons. 
Howard's garage proprietor father, Lyall, who died in 1955, had bought into the business with his own father, Walter who'd purchased the property in 1930. It was the family's livelihood for decades. 
The two properties are being marketed as offering "enormous capital growth potential" coupled with a good holding income.
According to the listing agent, Luke Smith, at Raine &amp; Horne Commercial, the combined 455 square metre site was producing $153,868 revenue annually plus GST. 
The site also has a 2.6:1 floor space ratio, which will attract developers keen to land-bank. 
“This auction represents a rare opportunity to purchase a site in Dulwich Hill,” he added.
It is located just 100 metres from Dulwich Hill train station and the light rail. 
“Buyers can look forward to achieving strong re-sales as part of any future redevelopment,” said Mr Smith.
Over the past two years, five projects have been completed within 100 metres.
<img src="/images/2016/04/21/Lyall20Howard27s20Garage.jpg" alt="" width="2054" height="1092">
Mr Smith believes the property’s links to Australia’s 25th Prime Minister might attract some buying attention.
269 and 271-275 Wardell Road will go under the hammer on May 24.
The garage, on the corner of Wardell Road and Ewart Street, was sold for $100,000 by the family to a Greek immigrant in the mid-1980s, well ahead of John Howard's 1996 election triumph.
He once referred to the days of pumping petrol to empathise with drivers at high petrol prices.
"I know people are feeling it. I learned from a very early age that when you fill your car up you actually look at that click, click, click," he said, referring to the now obsolete bowser price counters.
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Former PM John Howard's Dulwich Hill family petrol station for sale

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486 Sandy Bay Road, Sandy Bay Tasmania has been listed with expectations of selling for $2.3 million.
 
Shangrila, a four-bedroom house, is on the water's edge with harbour views.
 
It is marketed by Charlotte Peterswald for Property Sales.
 
 
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Sandy Bay Tasmania trophy listed

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A modernist Russell Jack-designed four-bedroom house at St Ives has been sold for the first time.
The <a href="https://www.realestate.com.au/property-house-nsw-st+ives-122145106" target="_blank">107 Hunter Ave</a> offering sold before auction for $1,452,000 through James Levy at Savills Cordeau Marshall, St Ives.
It was snapped up with two weeks.
It all all the original fittings from 1967 being a deceased estate of the Waterhouse family.
It was the first sale of the house which has architectural significance. The buyers' guidance was $1.25 million.
Russell Jack, a well-known modernist architect, designed the home with flat roof.
Russell Jack studied architecture and town planning in the late 1940s after returning from service in the Royal Australian Air Force.
Like many young Australian architects in the 1950s, Jack travelled around the UK and Europe looking at buildings.
After returning to Sydney in 1954, he set up practice with John Allen, and Keith Cottier joined them the following year. The firm became Allen Jack + Cottier in 1965.
The Jack House, designed by Russell and his wife, Pamela as their won family home, won the Sulman Award in 1956. 
His adaptation of modernist principles, which became known as the Sydney School, saw his often take advantage of bush settings.
This article was first published in the Sunday Telegraph.
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Russell Jack St Ives, Sydney trophy sold

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A new generation of 'urban escapists' are choosing to build in a new area rather than live in inner ring suburbs, according to developer Rawson Communities.
Rawson Communities general manager Ben Hogan, said this demographic, between 25-40 years of age was a key driver of outer urban growth in areas like Sydney’s burgeoning Marsden Park, with this precinct has recently been highlighted as the fastest growing residential postcode in New South Wales.
“These Urban Escapists are seeking a contemporary lifestyle and family-orientated neighbourhood in a great location with accessible connections to shopping and community hubs, schools and recreation areas," he said.
“We are seeing huge growth in this demographic and expect it to drive sustainable development in the local area over the next 18 months.”
Rawson Communities are the developers of Horizon in Marsden Park, 12 kilometres to the west of Rouse Hill Town Centre and six kilometres from Schofields Station, with direct trains into the CBD with  lot sizes ranging from 225 sqm to 450 sqm, with price points starting from $614,300.
For more information <a href="https://horizonmarsdenpark.com.au" target="_blank">click here</a>.  
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Urban escapists eyeing off western Sydney developments

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DEXUS Property Group today announced the resignation of its chief operating officer, Craig Mitchell, who is leaving to become the chief executive officer of Grocon Pty Ltd.
Last month Craig Mitchell was suggested as a contender for the Charter Hall Group chief investment officer gig. 
Sources said Mitchell was keen to make his name away from his boss, the well-regarded Darren Steinberg. 
Carolyn Viney, one of the highest ranking women in the property industry, announced her decision to step down this June.
Mitchell was considered for GPT Group's chief executive officer role but missed out to Bob Johnston.
Mitchell is chief operating officer at DEXUS and an executive director of DEXUS Funds Management having more than 25 years of financial management and accounting experience, with more than two decades specialising in the property industry.
Prior to DEXUS, Mitchell held positions with Stockland Group and Westfield.
Darren Steinberg, DEXUS CEO thanked Craig for his significant contribution to the Group over more than eight years.
"He leaves DEXUS in a strong position and we wish him all the best in his new leadership role.” Craig joined the Group as Chief Financial Officer (CFO) in September 2007 and as a member of the Executive General Management team has overseen various functions including the management of the third party funds management platform and retail business.
"Craig was appointed to the Board as an Executive Director in February 2013.
Richard Sheppard, Chair of DEXUS said: “On behalf of the Board and the team at DEXUS we extend our thanks and gratitude to Craig and appreciate his dedication and overall contribution to the Group.” Craig‟s existing responsibilities in the short term will be assumed by members of the Executive General Management team.
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Craig Mitchell quits DEXUS for Grocon

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The philanthropic former newspaperman James Fairfax has now moved to formalise the gifting of his now subdivided historic Retford Park estate in the NSW Southern Highlands.
The Italianate 1887 residence will sit within a protected 32-hectare heritage curtilage to be owned by the NSW National Trust.
Retford Park will be another heritage property on the National Trust Heritage Trail, which will run along the Old Hume Highway 31, including Harper's Mansion at Berrima, Golden Vale at Sutton Forrest, Riversdale at Goulburn and Cooma Cottage at Yass.
The Old South Road property, which sits on the southern edge of Bowral’s rapidly suburban expansion, comes with about 100 hectares including land zoned for subdivision which is being conducted through Savills.
The project director, Allen Robinson said Mr Fairfax was determined to maintain the integrity of Retford Park with plans that were sympathetic to the heritage property and surrounding areas.
The philanthropic former chairman of the ailing publishing company that bears his family name had long advised he would bequeath Retford Park for the benefit of the public.
The story was written by me in 2009 in the Sydney Morning Herald. It was his idea for at least three decades.
Retford Park has been the country home of the arts patron since he paid £15,000 in 1964 for it on a then four-hectare holding.
<img src="/images/stories/2013/03/retfordmarch1two.jpg" alt="retfordmarch1two" width="470" height="468">
Retford Park, with an Italianate revival-style mansion, dates back to the 1880s when it was the summer retreat of the <a href="https://www.wsc.nsw.gov.au/uploads/1721/w_appendix-7-sue-rosen-final-retford-park-report_resize.pdf" target="_blank">retailing Hordern family</a>. It sits in well maintained gardens that include three Wollemi pines and a Guilford Bell swimming pool pavillion.
"I think Retford Park is an important part of the heritage of the Wingecarribee Shire area and provision has been made in my will for the house and the immediate surrounding land, including the garden, to be left in trust to be viewed by future generations," Mr Fairfax told me in 2009.
Listed on the register of the national estate since 1980, Retford Park takes its name from the village in Nottinghamshire, the northern England town from where Anthony and Ann Hordern immigrated in 1825.
The grounds have many heritage oaks, an enduring association with the Hordern's retailing business, whose emblem was an oak tree under which were the words "While I live, I'll grow".
<img src="/images/stories/2013/03/retfordmarch1three.jpg" alt="retfordmarch1three" width="470" height="310">
It was first sold after Anthony's great-grandson, Sir Samuel Hordern, died in 1956, leaving an estate of $279,000. It was briefly owned by the cattle stud operator King Ranch (Australia), of which Edwina Hordern's husband, Peter Baillieu, was managing director.
In his 1991 book, Regards to Broadway, Mr Fairfax recollected he'd had no plans to buy a country house. "But chatting to Peter Baillieu at a cocktail party in December 1963, I learned that Retford Park and 10 acres [four hectares] of land were to be sold." 
It occurred to James that it might be a suitable place for his mother to stay on her annual six month visits from England.
Mr Fairfax, the eldest son of the late Sir Warwick Fairfax and his first wife, Betty Wilson, then set about regularly buying adjoining rural land.
He also set about enlivening the house. 
"When my offer of £15,000 for the house and 10 acres with an option to buy another 10 in three years was accepted, I went into the usual ‘What on earth have I taken on?’ syndrome, but soon
recovered as I got involved in the redecoration which was being done by Leslie Walford," he recalled to Sue Rosen in 2011.
"Some six months later, in the winter of 1964, I commissioned Donald Friend to paint a mural in the dining room," he said.
Photos courtesy of <a href="https://www.highlifemagazine.com.au/" target="_blank">Highlife Magazine</a>, which reports on life in the Southern Highlands of Australia
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James Fairfax to gift historic Retford Park estate

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GUEST OBSERVER
The minutes of the April monetary policy meeting of the Board of the RBA provided few surprises but some notable choices in wording and some elaboration on key themes in the Governor’s decision statement.
Recall that the minutes relate to a meeting on April 5 and pre-date more positive monthly data on jobs and surveyed business conditions but also a drop in consumer sentiment and a further rise in the AUD.
Our main points of interest are the discussion in the ‘Considerations for policy’ section and the additional detail on assessments of current conditions and prospects.
The minutes repeat the main points from the Governor’s decision statement, including the key line that “Continued low inflation would provide scope for easier policy, should that be appropriate to lend support to demand”, a more upbeat assessment on the economy following the December quarter national accounts, commentary on the AUD that was more ‘factual’ than ‘critical’, and reduced concern about the potential impact of “financial turbulence” which was a more prominent issue in March.
The key new takeaways from the minutes are:
<ul>
<li>a clear assessment that the more positive tone on domestic activity was carrying into 2016;</li>
<li>slightly more stress being placed on the current degree of policy stimulus;</li>
<li>a bolstering of expectations that inflation will remain low;</li>
<li>and the critical channel of concern for the AUD rise being the impact on the services export sector. </li>
</ul>
Taking each of these point in turn:
The Governor’s statement had relatively little to say on Australian economic activity other than that the economy was continuing to rebalance and there were reasonable prospects for continued growth. The minutes flesh this out much more with key comments elevated to the ‘considerations’ section. 
The key line here is: “Domestically, the latest national accounts data suggested that the economy grew at a moderate pace in the December quarter and more recent data were consistent with this having continued in early 2016.” That compares to the comment in the March meeting minutes that “available data suggested that the domestic economy had continued to grow at a slightly below-trend pace”. It is somewhat interesting that the April minutes do not mention growth in relation to trend (on most measures it would be best described as near trend). However, the main point is really that this momentum is seen as having carried into 2016, a view that would have been reinforced by the March labour force survey and March business survey results.
The ‘considerations’ section included a notable tweak in wording on current policy settings, assessed as “very accommodative” rather than merely “accommodative” in the Governor’s statement. Although the meaning of this shift is open to interpretation, we would view putting more emphasis on the degree of stimulus as a subtle way of saying that the ‘hurdle’ for additional stimulus measures is higher. The shift in wording seems a little odd given the degree of attention paid to the wording in the Governor’s statement.
On inflation, the ‘considerations’ section emphasises the downside: “On all measures, wage growth remained at quite low levels and domestic cost pressures, more generally, remained subdued. Combined with the appreciation of the exchange rate and the low level of inflation globally, this suggested that inflation in Australia was likely to remain low over the next year or two.” This compares to the same section in the March minutes which simply noted “Wage growth had remained at quite low levels”. The commentary is pointing towards a likely lowering in the RBA’s inflation forecasts, something we have flagged as a possibility.
On the AUD, the key minutes repeated the concern that “an appreciating exchange rate could complicate progress in activity rebalancing towards non-mining sectors”. Two other comments provide an important elaboration on this: “Members noted that the recent rebound in commodity prices, even if sustained, was unlikely to lead to any material change in mining investment over the next couple of years”; and “Members observed that [the net services exports] component of GDP was one of the most sensitive to changes in the exchange rate and discussed the impact of exchange rate movements on the economy more broadly.” 
That suggests the key complicating factor from an AUD rise is that the degree of stimulus from an associated rise in the terms of trade for the mining sector may be limited and that the main source of weakness could be around services exports. That in turn suggests activity measures in the latter – confidence, conditions, employment – will be the critical test for whether the rise is becoming a factor (i.e. “could complicate” becoming “is complicating”). Clearly the RBA is greatly interested in the sectoral make-up of activity indicators in coming months.
Aside from these main points, the minutes seemed a little more positive on international conditions – China in particular where the pace of overall growth was described as having been broadly unchanged in the first two months of 2016 vs referring to “continued weakness in the industrial and real estate sectors” back in March – and financial markets which had improved, but were wary of the rally in Australia’s commodity prices.
Conclusion
The minutes provide some valuable insight into the Bank’s assessment of conditions domestically and the nature of the risks it is assessing, particularly around the recent gains in the AUD. Both continue to suggest the Bank is comfortable with current policy settings and although there are clearly risks around the outlook, particularly vis a vis the AUD, we are comfortable to retain our call that rates will remain on hold for the remainder of 2016, with the proviso that we do not envisage a further significant surge in the AUD.
We continue to see the Bank’s strategy on the AUD as hinging on whether 'new' levels of the currency are sufficient to markedly change its forecasts for inflation and, much more importantly, growth. The RBA will provide updated forecasts in its May Statement on Monetary Policy (due May 6). 
On growth we expect the stronger than expected Q4 national accounts to offset downward revisions from a higher currency, holding the RBA’s forecast steady at 3% – at most growth may be revised down 0.25ppts but even this would leave its 2016 forecast at ‘trend’. On inflation, the March quarter CPI (due April 27) is key input – our expectation of a 0.6 percent/qtr gain in the core CPI measure is also likely to limit any downgrade to the Bank’s forecasts with its 2016 view on underlying inflation likely to be pared back 0.25ppts to a range mid-point of 2.25 percent for 2016. Neither of these adjustments look like being substantive enough to trigger a policy response.
Matthew Hassan is senior economist with <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.
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Possible lowering of RBA's inflation forecasts: Westpac's Matthew Hassan

A who's who of Australian surfing, business and entertainment has emerged on title records following the completion of Esprit Rainbow Bay, the latest boutique beachfront apartment development by former professional surfer Paul Gedoun's S&amp;S Projects.

The completed project has attracted an enviable collection of owners, many with long-standing ties to the southern Gold Coast and the surf culture that has helped define Rainbow Bay and neighbouring Kirra for generations.

Given Gedoun's own background in surfing, it perhaps comes as little surprise that some of Australia's most recognisable surfers have chosen to buy into the development overlooking one of the country's most celebrated stretches of coastline.

Pezet Matheson directors Jayde Pezet and Todd Matheson launched the project in late 2021, and have managed the sales campaign all the way through to its sell-out and recent completion.

<img alt="Esprit" data-entity-type="file" data-entity-uuid="08fc6261-b84e-4b09-8a44-66d3067fd0d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-29%20at%208.51.05%E2%80%AFAM.png?VersionId=4AOcb6ETZwNUnMPdTtz1B3pZAIB_jgZ2" />

Former world champion Mick Fanning, who grew up in Coolangatta, secured an apartment in 2023. He paid&nbsp;$2.07 million. Last year he sold his Bilinga home for over $16 million.

Three-time world champion Joel Parkinson also purchased in the development, alongside big wave surfer Mark Mathews. Mathews bought the most expensive apartment in the building, spending just over $4 million.

Joining them is Rip Curl founder Doug Warbrick, whose company helped shape Australia's global surfing industry over the past five decades.

The appeal of Rainbow Bay has extended well beyond the surfing community.

International DJ Paul Fisher purchased an apartment through his investment vehicle, YLB Developments, an abbreviation of his trademark phrase "You Little Beauty".

The purchase comes as Fisher and his wife Chloe are developing their own luxury apartment project further north in Palm Beach. Their boutique beachfront development, Pescado, comprises just seven apartments on Jefferson Lane, which start from just shy of $6 million. The couple intend to retain the two-level penthouse as their Australian base between international touring commitments.

Melbourne Storm coach Craig Bellamy and his wife Wendy have also invested in Esprit, purchasing two apartments after spending decades holidaying on the southern Gold Coast. They also have a luxury apartment in Joe Adsett's Rockpool, less than 400m away from Esprit.

<h2>Boutique project draws owner-occupiers</h2>

Esprit launched in 2021 and sold strongly, with buyers drawn to its boutique scale, beachfront position and contemporary design.

The completed development comprises 94 apartments across 11 levels, offering expansive floorplans designed primarily for owner-occupiers rather than the investor market.

Crowning the building is Club Esprit, pitched as being the Gold Coast's first residential rooftop wellness centre. The roof features a&nbsp;25 metre magnesium lap pool, which is surrounded by wet daybeds and poolside cabanas,&nbsp;multiple barbecue areas,&nbsp;a yoga and relaxation play lawn, and a private dining room with a kitchen scullery, bar, lounges, and an outdoor terrace.

The wellness centre is&nbsp;fully equipped with a Technogym, ice bath, infra-red sauna, steam room, thermal room, and treatment room. The roof has views spanning&nbsp;Rainbow Bay, Snapper Rocks and the Pacific Ocean.

<h2>S&amp;S Projects continues to shape Rainbow Bay</h2>

S&amp;S Projects founder Paul Gedoun has become one of the key figures behind Rainbow Bay's evolution over the past several years.

After establishing S&amp;S Projects, Gedoun has focused on delivering lifestyle-driven apartment developments designed primarily for owner-occupiers seeking a permanent coastal home.

Esprit is Gedoun's third completed project in Rainbow Bay, following Flow and Awaken, both of which achieved record prices for the suburb.

He is now delivering <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, a 38-apartment development on Boundary Street that is currently selling, and has no plans to leave the precinct anytime soon. S&amp;S Projects has also lodged plans for its fifth Rainbow Bay development, an 88-apartment project on Boundary Street featuring a strong wellness focus.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">First look: S&amp;S Projects proposes 88-apartment wellness tower at Coolangatta's Boundary Street</a>

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Joel Robinson

Who's who of buyers revealed as Esprit Rainbow Bay settles

Nature Based Cities (NBC), the not-for-profit organisation focused on improving biodiversity and nature outcomes in urban development, has launched its latest industry design guidelines and accreditation framework, this time targeting precinct-scale residential communities.

The move extends NBC’s influence beyond its initial focus on medium and high-density residential developments. Several projects have already achieved NBC accreditation since the launch of its Medium &amp; High-Density Residential Guidelines in early 2025.

The expansion into masterplanned communities and new residential precincts reflects the growing need for stronger nature-positive benchmarks as Australia’s outer suburban growth corridors continue to expand at pace.

Paul Hameister OAM, NBC Founder and the Executive Chairman of Melbourne developer Hamton who itself leans heavily into nature and biodiversity in its developments, says the&nbsp;nature-first approach to mitigate the effects of climate change has become standard in other parts of the world such as the UK, but Australia is lagging.&nbsp;Australia’s environmentally sustainable design (ESD) rating tools have no minimum mandatory requirements for living landscapes.

“We’ve always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren’t there,” Hameister says. “In Australia, you can have a five-green-star rated building that’s concrete and glass with not a blade of grass. 
 
“The focus is on reducing emissions, which is laudable, but there hasn’t been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities.”

He says that having now&nbsp;made good progress in supporting developers of medium and high-density residential projects, NBC is now looking to bolster better nature-based decision-making and recognise developers of greenfield projects in the outer ring and large inner-ring brownfield precincts, who want to champion nature and living landscape as a defining feature.

Since 2022, the not-for-profit has sought to remove the roadblocks preventing developers from incorporating nature and living landscapes into their projects, shifting the conversation from the reduction of emissions and grey infrastructure, toward recognising nature as an essential infrastructure.

The New Communities Design Guidelines and Scorecard arm developers with the tools needed to deliver a nature positive outcome for their new communities. Intended to be adopted at the outset of the planning process, the guidelines are designed to help create communities that are cooler, healthier and more resilient while also enhancing social wellbeing and long-term economic value.&nbsp;

New Communities developers seeking accreditation will be independently assessed across a range of key criteria including ecology, tree canopy, biodiversity, and walkability. Once the masterplan is complete and submitted for approval, the scorecard is formalised based on proposed outcomes. Projects that meet the NBC criteria will receive either Commended or Exemplary accreditation outcomes, creating a clear benchmark for nature-positive new communities in Australia.&nbsp;

Janis Fischer, Director at Tract and NBC Advisory Council member, said the development of new communities in our suburbs can have a substantial impact on nature and biodiversity.

"By incorporating nature-based design principles at the inception of a project, developers and their design teams can achieve nature positive outcomes that are good for both people and the planet.’’&nbsp;

NBC accredited New Community projects will gain access to NBC branding and marketing tools to help communicate their nature-based credentials to purchasers and the broader market.&nbsp;

Nature Based Cities: A new Australian benchmark for developing nature-positive new communities

Apartment buildings are increasingly being designed around how people actually live day to day, not just how they want a building to look.

For buyers, that shift is showing up in practical inclusions that respond to changing habits. Work-from-home spaces, EV charging, wellness amenities, secure bike storage and parcel management are becoming part of the broader apartment conversation, reflecting a move toward buildings that reduce friction in everyday life.

Online shopping has become one of the clearest examples of that change.

Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online. That has made parcel delivery a regular part of apartment living, rather than an occasional inconvenience.

For apartment residents, however, the delivery process can be less straightforward than it is for detached homes. Parcels may be left in lobbies, redirected to Post Offices, missed entirely, or placed under the responsibility of building managers and concierge teams.

That is why secure parcel infrastructure is increasingly being considered alongside more familiar apartment amenities.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/-VjjLwoViX0?si=A3k7ws9NX35Uac7_" title="YouTube video player" width="560"></iframe>

Australia Post Parcel Lockers offer one way to address the issue. When a parcel arrives, residents receive a notification through the AusPost app or SMS, then collect it using a QR code or one-time PIN. The parcel is kept secure, accessible and removed from common areas.

The broader Parcel Locker network now includes more than 1,500 locations across Australia, positioned at Post Offices, shopping centres, supermarkets, transport hubs and other accessible locations.

For new apartment projects, the relevance is clear. A building’s amenity offering is no longer only about lifestyle spaces, but also about convenience, security and functionality.

As buyer expectations evolve, secure parcel delivery is becoming part of the same design conversation as flexible working, sustainable transport and resident wellbeing.

It is one less thing for residents to worry about, and another example of apartment design adapting to the way Australians now live.

Apartment design is adapting to the way Australians shop

While school holidays and trips to Europe tend to define the winter property market, there's been no cold snap at <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> in North Sydney.

Developer-builder&nbsp;<a href="https://www.apartments.com.au/developers/aland">ALAND</a> sold more than $35 million worth of apartments throughout June, including a $6.8 million apartment that now ranks among the highest apartment sales ever recorded in North Sydney.

SRM Residential agent Ben Stewart said buyer demand throughout June reflected a mix of improving market confidence and longer-term thinking from owner-occupiers.

"We're seeing strong demand from owner-occupiers who are taking a longer-term view," Stewart said.

"Many recognise the opportunity to secure an apartment in an iconic building and premium location while values remain attractive. They may initially lease the property, but the intention is to eventually move in themselves, rather than purchasing purely as an investment."

[smartcode_project:default project_id=134323 project_image_fid=367129]

Located at 177 Walker Street, The Walden will deliver 161 one, two, three and four-bedroom residences across a 30-storey tower designed by Rothelowman. Every apartment occupies a corner position, maximising natural light, cross ventilation and views across Sydney Harbour, the Opera House, Sydney Heads and the northern districts.

Rather than a traditional balcony, the residences feature winter gardens that seamlessly extend the open plan living areas, creating versatile spaces for relaxing or entertaining throughout the year. Floor-to-ceiling glazing draws in natural light while showcasing sweeping views from the building's elevated Walker Street position.

Every apartment features high-end Calacatta marble, bespoke joinery, and fully integrated appliances.

The larger residences have been planned with distinct entertaining and private zones, with many master suites positioned on corners to capture natural light and harbour views. Walk-in dressing rooms, freestanding baths and refined stone finishes reinforce the house-like feel that has resonated with downsizers and owner-occupiers.

[smartcode_project:default project_id=134323 project_image_fid=6393]

Rothelowman Principal Ben Pomroy said the project was designed to make the most of its unique position overlooking the harbour.

"The Walden is a celebration of all things beautiful, curated for those who expect nothing less than exceptional," Pomroy says.

"Meticulously designed entertaining spaces and light-filled living areas that capitalise on capturing the natural beauty of Sydney's iconic harbour."

Residents will also have exclusive access to The Pavilion, a dedicated amenity building featuring a rooftop pool, wellness studio, gymnasium, sauna, concierge service, residents' lounge, private dining spaces and work-from-home facilities.

[smartcode_project:default project_id=134323 project_image_fid=6402]

The project marks ALAND's first major luxury apartment development in Sydney's inner-city market after more than two decades delivering residential communities across Greater Sydney.

Founder and CEO Andrew Hrsto previously said the rarity of the Walker Street site made it an opportunity the company could not overlook.

"This is a rare opportunity to bring a truly exceptional project to life in one of Sydney's most iconic locations, and to showcase our craftsmanship and design expertise at a world-class level," Hrsto said.

[smartcode_project:default project_id=134323 project_image_fid=6383]

The Walden has been introduced to the market at a time when demand for living in North Sydney is at an all-time high. Billions of dollars have been invested in infrastructure, including the recently opened Victoria Cross Metro station, located just 300 metres from The Walden, providing residents with direct access to the Sydney CBD in just minutes.

Private investment has also transformed the area through the arrival of new retail and dining destinations, elevating the lifestyle offering in what was once considered primarily a commercial precinct rather than an aspirational residential address.

The Walden is currently under construction and is scheduled for completion in 2028.

[smartcode_project_cta:default project_id=134323]

ALAND records $35 million in sales in North Sydney as The Walden bucks quiet winter selling season

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

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Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

Jonathan Chancellor

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