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Booms, busts, cycles and risk appetite: RBA's Luci Ellis

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The celebrity personal trainer Shannan Ponton, who made his name in Channel 10's The Biggest Loser show, has bought at North Curl Curl.
Ponton sold at Freshwater for $1.59 million last year and will anyday now be moving into a $2.5 million home.
It's a four bedroom, three bathroom house constructed in 2012. The master bedroom comes with sea views.
It was marketed as having a resort style, solar heated swimming pool by Ray White agent Graham Bennett who secured the sale pre-auction. There's 355 sqm living space on the 570 sqm block. 
From 2007 Ponton was the blue team leader on the Channel 10 weight-loss program who competed against the Steve "Commando" Willis and Michelle Bridges.
Ponton and his wife Kylie had paid $1.09 million in 2010 for their two storey four bedroom, two bathroom Freshwater home soon after they married.
It had 200 sqm internal space with decking rather than garden on the 310 sqm block.
They especially wanted a pool and garden.
Shannan was never going to stray far from the northern beaches where he trains the Harbord Valley Spartans rugby team in strength and conditioning.
This article was first published in the Sunday Telegraph.
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Celebrity personal trainer Shannan Ponton buys in North Curl Curl

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Bondi Rescue's Dean ‘Deano’ Gladstone has moved closer to work, selling in Randwick and buying at Bondi Junction.
Gladstone is a regular cast member of the long running award winning Channel 10 reality television show which takes place on Sydney’s iconic Bondi Beach.
The celebrity lifesaver and his wife Lilli sold for $2.1 million and paid $2.25 million for their unrenovated 1920s four bedroom purchase with rear pool.
They had bought the Randwick semi in 2008 for $1.04 million and have lived in the home with their two children Lucy and Gus.
The three bedroom King St semi sold through McGrath agent Mark McPherson who said the couple had renovated the home, giving it an open-plan kitchen and dining room that flows out to a courtyard.
The summer saw tensions break out on the sandy workplace when leaked documents showed malcontent over the reality TV sponsorship arrangements. 
This article was first published in the Sunday Telegraph.
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Bondi Rescue's Dean ‘Deano’ Gladstone buys in Bondi Junction

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It's a wonder they are putting anything to air, as Channel 7 network staff seem to all be busy trading up their homes.
It's from the top down too.
The Seven chief executive Tim Worner and his wife, Katrina have spent a near record $9.5 million on Juan Les Pins, an oceanfront reserve Shelley Beach, Manly residence across the road from their Fairy Bower home of 15 years.
It was bought from Oroton director Ross Lane and wife Sara who had paid around $8 million in 2010. They have paid just shy of the $9.6 million Fairy Bower record price.
Meanwhile Sunrise newsreader Natalie Barr and TV editor husband Andrew Thompson have listed their Mosman home in quick time after securing a $3.2 million home nearby.
The family home has four bedrooms with harbour and city views from its master suite.
Surrounded by a towering hedge wall, the property features a rear private terrace with stone bar.
They paid $1.28 million in 2002, the year she became the Sunrise newsreader.
LJ Hooker Mosman agents Geoff Smith and Richard Harding are expecting between $2.5 million and $2.75 million at its March 23 auction.
The house open for inspection was packed when I breezed past Thursday morning given its mild pricing for most Mosman offerings.
Originally from Western Australia, Barr moved to Los Angeles won an Emmy for her work in O.J Simpon's famous car chase.
She joined Seven News in 1994.  
Her Sunrise colleague Mark Berretta similiarly upgraded Mosman homes in 2012 selling for $1.9 million and buying for $2.8 million. 
Of course Natalie will no doubt run into Channel 9 rival morning host Sonia Kruger who's just settled on her $6.475 million Balmoral Slopes acquisition with her partner, Channel 7 television executive Craig McPherson having sold in Warrawee.
The purchase marks Sonia's triumphant return to Mosman as she once had a two bedroom Musgrave Street apartment which was her first home when bought in 1999 for $490,000.
This article was first published in the Saturday Daily Telegraph.
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Channel 7 personalities busy upgrading homes

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The clifftop concrete sculpture, Mystere, over looking Pittwater from Bayview Heights, has returned to the market.
<a href="https://www.realestate.com.au/property-house-nsw-bayview-122159046" target="_blank">The noteworthy four-bedroom house</a> - which would not be out of place in a James Bond movie - was built in the early 1960s to a design by the architect Stan Symonds. 
Symonds is known for his six futurist designs, including the Schuchard House in Seaforth, with this organic modernist design the first of his landmark designs.
The starkly white house is easily spotted from Pittwater but the Ilya Ave neighbours don't get a peek given its set on a 4182 sqm holding.
The residence was initially nicknamed The Egg And I, after it was built for Carl and Irene Jobson.
It has 540 sqm internal space, with Noel Nicholson at LJ Hooker Palm Beach seeking $10 million. There has been an extensive renovation since it was listed with $6 million hopes unsuccessfully in 2009.
Vendors Lloyd and Jane Anglicas bought it from the seminar co-ordinator Ross Marlow with it last trading in 1993 for $925,000.
This article was first published in the Sunday Telegraph. 
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Clifftop Pittwater trophy Mystere listed

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GUEST OBSERVER
Significant urban policy and planning efforts have been directed at the problem of rising heat in cities.
“Smart” cities create new relationships and interdependencies between people, technology and urban environments. The concept rests on the efficient, responsive and adaptive capacities of urban infrastructure. But how well does the smart city respond to the devastating scale and impact of urban heat threats such as bushfires and heatwaves?
The Australian Medical Association has warned heat is a “silent killer”. It notes that more Australians die each year due to heat than on the roads. Heatwaves have contributed to more deaths in Australia than any other natural disaster.
Bushfires are also expected to increase, with significant impacts on Australian cities and urban communities such as the greater Melbourne region.
This is a pressing issue for Australian cities and urban regions, at a time when Australian climatologists are warning of the increasing frequency, severity and duration of heatwaves and bushfires.
Smart urban infrastructure
New digital technology is entering cities, homes and workplaces. These are performing complex tasks. Self-driving cars and cashless payment systems are examples of significant change. But they also increase a city’s vulnerability in the event of a system breakdown or failure.
The ways that these dependencies make cities highly vulnerable during a crisis are poorly understood. For example, smartphone-enabled bushfire and heatwave warning systems are one of the key policy responses proposed and trialled as part of the smart city. But, the benefits and challenges of such responses are still largely unknown.
While the invisibility of smart city technology and infrastructure may rise to the surface and become exposed in the face of urban heat-related threats and crises, an array of important considerations lurk in the shadows.
These include financial arrangements, decision-making processes and discussions about security that are often imbued with statutory power, force and intent that work to inform and structure the experience of everyday urban life.
System resilience or collapse?
Smart systems are far from resilient. Outside their design range they are prone to sudden collapse. Any failure in energy or IT systems can lead to cascading crisis in the capacity for smart city responses to heat threats and disasters.
In a heatwave, as demand increases for cooling mechanisms such as air conditioning and refrigeration, an overloaded system may break down.
The rapid expansion of mobile and computer warning and alert systems could keep people more aware of risks. But, it also creates dependencies and a reliance on external agents for tasks we currently manage. The relationship between emergency communication processes and protocols is a key area whereby vertical, authorised and often-slow communications must interact with horizontal, real-time, networked and participatory processes.
The royal commission into Victoria’s Black Saturday bushfires recommended that more efficient and effective use of technology was needed in key areas such as fire risk assessment, tracking and monitoring – particularly when different, incompatible systems were in use.
The commission highlighted widespread problems with communication technology, use and access due to system incompatibility, poor coverage, radio black spots and channel congestion. Under-investment in new technology was exacerbated when fire damaged or destroyed critical radio and telecommunications infrastructure.
An urgent cities agenda
Urban heat threats and disasters have an impact on the critical infrastructure that undergird the smart city response to such disasters and their associated technology, infrastructures and networked systems – namely in the areas of energy, water, ICT and transport.
The impacts are felt predominantly by those most vulnerable in the community: children, the elderly, the poor and people with existing health conditions.
Understanding the dynamism and tension of new technologies, networks and infrastructure is critical, particularly when urban systems are threatened or break down. Despite recognition of the complexity in smart city debates, policy and industry commentary places clear demarcations between the social and the technical.
There is an urgent need to develop new understandings and ways of implementing the potentials and possibilities the smart city presents in order to better tackle urban heat threats and disasters in Australia.
 
Wendy Steele is associate professor (urban policy and planning), RMIT University and can be contacted <a href="https://theconversation.com/profiles/wendy-steele-4698" target="_blank">here</a>.
Ian McShane, senior research fellow, Centre for Urban Research, RMIT University and can be contacted <a href="https://theconversation.com/profiles/ian-mcshane-101456" target="_blank">here</a>.
John Handmer is leader, Centre for Risk and Community Safety, RMIT University and can be contacted <a href="https://theconversation.com/profiles/john-handmer-116367" target="_blank">here</a>.
Sarah Pink is professor of Social Sciences, RMIT University and can be contacted <a href="https://theconversation.com/profiles/sarah-pink-109198" target="_blank">here</a>.
Yolande Strengers is senior research fellow, Centre for Urban Research, RMIT University and can be contacted <a href="https://theconversation.com/profiles/yolande-strengers-15350" target="_blank">here</a>.
All are authors for The Conversation.
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Hot cities: the ‘smart’ response to urban heat threats

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GUEST OBSERVER
All swashbuckling pirates (and movie producers) know that if you want to find the treasure buried beneath the elusive X you first need a map. A charred fragment is no good: fortune only comes to those who hold enough pieces to follow the trail.
The National Library of Australia’s Trove service is that map for anyone wanting to navigate the high seas of information abundance. (You don’t even need to be a pirate.)
But our information plundering days may soon be over. Recently announced “efficiency dividends” mean that aspects of the Trove service will be scratched.
The news that Trove will face cuts has led to an outpouring of support on social media, with several thousand tweets using the <a href="https://twitter.com/hashtag/fundtrove?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Ehashtag" target="_blank">#fundTrove</a> hashtag.
<img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%202.48.56%20PM.png" alt="">
So what exactly will we lose?
Trove pulls together metadata and content from multiple sources into one platform to make finding what you are looking for an efficient and successful experience.
As of February 25 2016, this includes information on over 374,419,217 books, articles, images, historic newspapers, maps, music, archives, datasets and more, expressing the extraordinarily rich history of Australian culture.
If, as someone interested in museums, I am looking for information on Sir Frederick McCoy, inaugural director of the National Museum of Victoria, a single Trove search reveals not just books and articles.
I’ll find information on archival collections at the State Library of Victoria and the Royal Historical Society of Victoria, biographical entries from the Australian Dictionary of Biography and the Encyclopedia of Australian Science, digital photographs, transcribed newspaper obituaries and images of documents such as a Geological Survey of Victoria map to which McCoy contributed.
Distributed content is available within seconds. The benefits to researchers, local and family historians, and the Australian community as a whole, is immense, resulting in over 70,000 unique visitors a day. <img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%202.50.22%20PM.png" alt="" style="line-height: 1.3em;">
 
Yet, as The Sydney Morning Herald reported, staff have been told the federal government’s “efficiency dividend” will have a “grave impact” on the National Library. Aside from inevitable staff cuts, "The library will also cease aggregating content in Trove from museums and universities unless it is fully funded to do so".
This is the information equivalent to leaving money, or treasure, on the table.
Making Australia’s existing investment in information resources freely and efficiently available is not just a self-evident public good in terms of equality of access. The democratisation of information has clear benefits for innovation and the Turnbull government’s “ideas boom”.
Trove is a key piece of information infrastructure for many professionals, and this wealth of material isn’t behind a paywall or subscription service. There’s no requirement that users prove they are “bona fide” researchers (whatever that may mean).<img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%202.51.24%20PM.png" alt="" style="line-height: 1.3em;">
It’s accessible to anyone with an internet connection; and the sources it draws on include more than the usual suspects. There’s content from small institutions and large, community collections as well as state-funded libraries, museums and archives.
In a sense Trove has been a revolutionary experience for those of us who rely professionally on access to high-quality information. Once our problem was that there was just too little to go on. Now there’s far too much.
Contrary to the myth of the lone researcher who loves spending hours scouring paper archives and libraries to discover “buried” or “lost” knowledge, humanities research isn’t primarily about the hunt for content. It’s about analysing, processing, interpreting, relating and synthesising useful content that has been found.
By dramatically reducing the time spent on the trail of content, Trove users spend less time hunting for the booty and more time working with the spoils.
Trove not only aggregates content, it provides sophisticated search capability to help narrow down thousands of results. It’s a focal point for the diverse community who help organise, correct and improve the information it contains.
 <img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%202.52.18%20PM.png" alt="">
For people and organisations with some coding skills there are also opportunities to harvest and process content via an API (application programming interface) to reveal new ways of looking at our shared heritage.
The Trove platform supports 21st-century innovation and agile practice. As a result, it has become essential and internationally renowned infrastructure for distributed, collaborative and responsive research into Australian society and culture. <img src="/images/2016/03/14/Screen%20Shot%202016-03-14%20at%202.53.11%20PM.png" alt="" style="line-height: 1.3em;">
As a past manager of Trove, Tim Sherratt, pointed out, "Trove is not going to be suddenly turned off."
But its relevance relies on constantly growing the knowledge and content it contains.
If the National Library puts Trove to the sword as a result of the government’s swashbuckling cuts, this innovative stash of content may end up dispersed and buried again, taking Australia off the map. That would definitely leave us poorer, an information desert island in an increasingly interconnected world.
Mike Jones is consultant research archivist, University of Melbourne and can be contacted <a href="https://theconversation.com/profiles/mike-jones-231464" target="_blank">here</a>. Deb Verhoeven is professor and chair of Media and Communication, Deakin University and can be contacted <a href="https://theconversation.com/profiles/deb-verhoeven-103643" target="_blank">here</a>.
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Treasure Trove: why defunding Trove leaves Australia poorer

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GUEST OBSERVER
Today's jobs numbers were weaker than expected, with broadly flat jobs in February (market had +14k).
However, at the same time, the unemployment rate outperformed by falling to 5.8 percent (market had 6.0 percent), due to an unexpected sharp decline in the participation rate. Measurement issues have pervaded this survey making it difficult to get a clear reading. This is the third consecutive month of weak jobs growth, but this partly reflects pay-back for very strong numbers late last year.
Cutting through the noise, the trend measures show the unemployment rate is still below its peak, suggesting gradual labour market improvement. However, unemployment is still well above its full employment level, which is likely to continue to weigh on wages growth and domestic inflation, leaving the RBA with scope to cut further.
<a href="/images/2016/03/17/Screen%20Shot%202016-03-17%20at%202.58.35%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/17/Screen%20Shot%202016-03-17%20at%202.58.35%20PM.png" alt="">
   Facts   Employment was broadly flat (up by just 300 jobs) in February (market expected +13.5k, HSBC expected +10k). Over the past six months, employment growth has averaged +20k a month. Annual employment growth has eased to 2.1 percent, down from a peak of 2.9 percent in November.   The participation rate fell by 0.3ppts to 64.9 percent, the lowest rate since June 2015.   Because of the drop in participation, the unemployment rate fell from 6.0 percent to 5.8 percent (the market and HSBC expected 6.0 percent).   - The employment-to-population ratio fell from 61.2 percent to 61.1 percent, the lowest level since October 2015.   Total hours worked fell by 0.1 percent m-o-m in seasonally-adjusted terms, and were up 2.2 percent y-o-y. Trend growth in hours worked slowed from 2.6 percent to 2.4 percent y-o-y.   Implications   Australia's official labour force survey is still suffering from measurement issues that make it complicated to interpret the results. Jobs were broadly flat in February, following falls in the previous two months, but this was after very strong growth in employment in October and November last year. A large part of the recent weakness appears to be 'payback' for the over-stated strength last year. However, it is not easy to separate the signal from the noise.   One way to do this is to look at the trend measures within the official survey. These are showing gradual improvement in the labour market. The trend measure of the unemployment rate is at 5.8 percent, down from a peak of 6.3 percent in late 2014.
Another way to do this is to look at the collection of other indicators of the labour market, including job advertisements, job vacancies and hiring intentions in the business surveys. These are showing a more modest improvement in the labour market than is implied by the official numbers (see Figure 4 below).   The other key issue is that although the range of indicators suggests that there has been a trend improvement in the labour market, the pick-up has not been enough to absorb sufficient spare capacity to put upward pressure on wages growth and domestic inflation.
Combine this with underlying inflation that is already at the bottom edge of the target band, weak global inflation and a climbing AUD, and it is likely that inflation will remain low. We expect underlying inflation to fall below the bottom edge of the RBA's 2-3 percent target band in H1 2016. Our central case has the RBA easing by a further 25bps around the middle of this year.
<a href="/images/2016/03/17/Screen%20Shot%202016-03-17%20at%203.00.14%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/03/17/Screen%20Shot%202016-03-17%20at%203.00.14%20PM.png" alt="" width="1256" height="562">
Paul Bloxham is chief economist (ANZ) for HSBC . Daniel Smith is economist. They can be contacted <a href="https://www.about.hsbc.com.au/hsbc-in-australia/management-team" target="_blank">here</a>.
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Jobs numbers were weaker than expected: HSBC's Paul Bloxham

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The Australia and New Zealand Bank has a list of more than 50 postcodes, concentrated around Western Australia, Queensland and NSW mining towns, that it describes as "not acceptable" for providing lenders mortgage insurance.
The number of postcodes has increased from 30 in 2013. 
Last year June it emerged ANZ required a deposit of at least 30 percent for mortgages in 44 postcodes, including to reflect the “localised downturn in a small number of towns dependent on the mining sector”.
"We regularly review lending policies to ensure we are operating within our risk appetite and practising responsible lending for our customers," a spokesman told The Australian Financial Review this week.
 "There are no designated 'blackspots'," he added. The AFR published a selection of the 50 postcodes. 
 
<table style="height: 903px; width: 421px;" border="0"><tbody>
<tr>
<td>Postcode</td>
<td>Suburb</td>
<td>State</td>
<td> </td>
</tr>
<tr>
<td>2835</td>
<td>Bulla</td>
<td>NSW</td>
<td> </td>
</tr>
<tr>
<td>2880</td>
<td>Broken Hill</td>
<td>NSW</td>
<td> </td>
</tr>
<tr>
<td>2898</td>
<td>Lord Howe Is</td>
<td>NSW</td>
<td> </td>
</tr>
<tr>
<td>2899</td>
<td>Norfolk Is</td>
<td>NSW</td>
<td> </td>
</tr>
<tr>
<td> 853</td>
<td> Tindal</td>
<td> NT</td>
<td> </td>
</tr>
<tr>
<td> 885</td>
<td> Alyangula</td>
<td> NT</td>
<td> </td>
</tr>
<tr>
<td> 886</td>
<td> Jabiru</td>
<td> NT</td>
<td> </td>
</tr>
<tr>
<td> 4745</td>
<td> Dysart</td>
<td> Queensland</td>
<td> </td>
</tr>
<tr>
<td> 4717</td>
<td> Blackwater</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4413</td>
<td> Baking Board</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4415</td>
<td> Columboola</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4702</td>
<td> Alberta</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4680</td>
<td> Barney Point</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4719</td>
<td> Camboon</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4721</td>
<td> Argyll</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4744</td>
<td> Morambah</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4801</td>
<td> Hayman Is</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4803</td>
<td> Hamilton Is</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 4804</td>
<td> Collinsvile</td>
<td> Qld</td>
<td> </td>
</tr>
<tr>
<td> 5725</td>
<td> Olympic Dam</td>
<td> SA</td>
<td> </td>
</tr>
<tr>
<td> 5722</td>
<td> Andamooka</td>
<td> SA</td>
<td> </td>
</tr>
<tr>
<td> 5731</td>
<td> Bollards Lagoon</td>
<td> SA</td>
<td> </td>
</tr>
<tr>
<td> 7470</td>
<td> Rosebery</td>
<td> Tas</td>
<td> </td>
</tr>
<tr>
<td> 7467</td>
<td> Lake Margaret</td>
<td> Tas</td>
<td> </td>
</tr>
<tr>
<td> 7151</td>
<td> Casey</td>
<td> Tas</td>
<td> </td>
</tr>
<tr>
<td> 7257</td>
<td> Cape Barren Is</td>
<td> Tas</td>
<td> </td>
</tr>
<tr>
<td> 3852</td>
<td> East Sale</td>
<td> Victoria</td>
<td> </td>
</tr>
<tr>
<td> 6716</td>
<td> Fortescue</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6751</td>
<td> Chichester</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6760</td>
<td> Marble Bar</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6429 </td>
<td> Coolgardie</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6718</td>
<td> Roebourne</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6161</td>
<td> Rottnest Is</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6430</td>
<td> South Kalgoorlie</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6432</td>
<td> Boulder</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6638</td>
<td> Cooladar Hill</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6639</td>
<td> Sandstone</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6710</td>
<td> Cane</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6728</td>
<td> Camballin</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> 6798</td>
<td> Christmas Is</td>
<td> WA</td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
<td>  
</td>
</tr>
</tbody></table>
 
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The ANZ's 50 property investor no-go postcodes

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The private investor David Kingston has his Whitsundays island listed with $20 million hopes.
Long Island Resort was originally developed by Contiki.
Kingston, a former managing director of investment bank Rothschilds, has owned it for the past two decades.
The island will be offered for sale with the Club Crocodile Airlie Beach Resort which could bring up to $9 million through Wayne Bunz and Hayley Manvell of CBRE Hotels to market the properties with Christie Leet of PRD Nationwide Airlie Beach.
The 8-hectare property has opportunities for expansion.
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David Kingston lists Long Island, in the Whitsundays

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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