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Malaysia, Taiwan and China are the top three world manufacturing destinations in 2015, according to Cushman &amp; Wakefield’s 2015 ‘Where in the World? Manufacturing Index’. 
Australia ranks 28th on the list of 30, above Italy and Belgium.
According to Richard Middleton, Cushman &amp; Wakefield head of occupier services, EMEA and Asia Pacific, the report reveals how the APAC region is benefitting from a lower cost business environment which is proving attractive to manufacturers.  
“The markets of Asia Pacific continue to remain particularly attractive to manufacturers and this shows in our latest index rankings. Malaysia has retained top place in our main index for the second year running and Vietnam tops our growth index and is maturing as a manufacturing destination," Mr Middleton said.
“From a broader perspective, there remains some volatility at play. While China remains the world leader in terms of manufacturing output and benefits from the scale of its immediate marketplace, rising labour costs have caused a shift in strategy for some manufacturers. This has not only benefitted the APAC regions of Malaysia and Vietnam but has also added to a re-shoring trend with a number of manufacturers moving their plant and facilities back to Western markets.
"This has strengthened the prospects of certain European locations, notably Turkey which has positioned itself at the crossroads of Europe, Asia, Russia and Africa.”
Mark Wanic, Cushman &amp; Wakefield’s head of occupier services America's, said there is a genuine sense that manufacturing is now making a comeback in the US as global demand appears to have turned a corner. The cost differential to cheaper markets, which contributed to a number of manufacturers moving ‘off-shore’, has now narrowed –with the US regaining a competitive edge.
“A more competitive energy platform, both in terms of cost and security, is adding to the US as a manufacturing location.  In addition, supply-chain management is also collectively adding to the more positive outlook evident from our latest index ranking," Mr Wanic said.
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Malaysia tops global manufacturing index, Australia 28th

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The Housing Industry Association kicks off their sixth annual Building Better Cities Summit Tuesday, this year themed around tax system reform.
The summit, titled Taxing the Australian Dream: Can we get the tax off housing? will look at how to reverse the tax impost on new housing and how governments can support infrastructure and community services.
HIA spokesman Greg Weller said due to an underlying structural budget deficit and a growing demand for government services, in particular in the health and education areas, a realignment of the taxation and transfer system appears inevitable. 
“With an eye to the future, now is the time to consider the impact of the current unfair taxation burden placed on new housing. This reduces housing affordability and limits growth in the wider economy.”
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 HIA summit to tackle housing affordability, tax reform

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Federation Centres has sold four regional commercial properties for a combined total of $153.1 million.
Goulburn Plaza in New South Wales and convenience centre Katherine Oasis in the Northern Territory were sold to Charter Hall for $94.9 million, Westside Plaza in Broken Hillsold for $33.7 million and the Mount Gambier Central in South Australia has been sold to a private investor for $24.5 million
Angus McNaughton, Federation Centres chief executive officer said with the recent sale of Lutwyche City, we have announced around $220 million in asset sales this month. 
 
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Federation reap $153.1 million in regional commercial sales

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Education and training providers are snapping up office space in Melbourne with a 44% increase in education leasing deals for 2014 when compared to the previous year - a total of 36,000sqm.
According to research from CBRE in the last 18 months educator leasing deals in the Melbourne CBD has doubled from 5% (20,000sqm) to around 10% (45,000sqm).  
CBRE research analyst Anne Flaherty said in contrast to many industries, tenants in the education sector are most likely to lease secondary grade space and are therefore, playing an important role in the absorption.
"In 2014, vacancy in the secondary market reached its highest level in a decade, forcing landlords to increase incentives in a bid to entice tenants.  This is reflected in annual absorption figures, which totalled only 15,000sqm for secondary space, compared with 52,000sqm for prime," Ms Flaherty said.
“University enrolments are rising on average 4% per year, with domestic university enrolments exceeding one million for the first time in 2014 and the number of international students commencing study was up 10% over the previous year. 
CBRE regional director of office services, Andrew Tracey, said in the first two months of the year alone, he has seen 4,146sqm in new enquiry, with a large portion of this interest in quality buildings that are willing and able to accommodate education providers.
Key Melbourne education lease deals
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<li>CQU has signed a 12-year lease on 8,000sqm at 120 Spencer Street, a 22-level A-grade office building located opposite the Southern Cross Train Station. </li>
<li>Monash College recently took up 6,570sqm at 271 Collins Street, committing to a 10 year term on the property. </li>
<li>Red Hill Education has also secured space within the building, which is currently listed for sale with CBRE, signing a five-year lease on a 1,600sqm suite on the 8th level. CBRE Senior Negotiator, Office Services, Milly Stockdale negotiated the deal. </li>
<li>Study Group committed to 6,700sqm in Church Lane earlier in the year, signing a 9.5 year lease on the Credit Suisse AG-owned property. </li>
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Several pockets across Sydney have also witnessed a surge in leasing activity, with Parramatta, Blacktown and Bankstown in the west emerging as some of the city’s largest education hubs, according to the report.
 
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Education sector driving Melbourne CBD office rentals

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Residential vacancy rates held steady nationwide across July at 2.4% based on 73,209 vacancies, according to new figures released by SQM Research.
According to Louis Christopher, managing director of SQM Research, tourist area rents are remaining strong.
"The rental market is on balance slightly in favour of tenants at this point in time, though of course, each city tells its own story," Mr Christopher said.
"Areas exposed to the ongoing mining downturn are generally experiencing falls in weekly rents."
National June vacancy rates were 72,849. Hobart was the only city where vacancy rates fell over the month.
Canberra rose 0.3 percentage points, with Perth 0.2 percentage points.
Mr Christopher said Melbourne has recorded a rise of 3.0% for houses and 2.0% for units, while asking rents in Sydney and Adelaide also recorded modest rises for the same period.
 
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Residential vacancy rates strong nationwide: SQM Research

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Combined city national preliminary auction clearance rates are at 76.3%, according to CoreLogic RP Data's Property Market Indicator Summary for the week ending August 16.
Last week the combined national auction clearance rate was 76.9%, however auction volumes are lower.
The final auction clearance rate for this time last year was 70.8%
Sydney had a clearance rate of 80%.
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Sydney's clearance rate hits 80%: CoreLogic RP Data

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New South Wales auction results for week ending Sunday August 16 show a preliminary clearance rate of 80% from 907 scheduled auctions.
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<div class="num">According to data from realestate.com.au, 405 were sold at auction within NSW, 93 passed in and 159 sold prior to auction.</div>
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<div class="num">One standout property in the Sydney suburb of Bangor  was a 657 sqm block complete with brick <a href="https://www.realestate.com.au/property-house-nsw-bangor-120291109" target="_blank">three bedroom home which sold for $1,060,000</a>.</div>
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<div class="num"><a href="https://www.realestate.com.au/auction-results/nsw?rsf=edm:auction:nsw" target="_blank">Click here to see the full state breakout.</a></div>
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NSW auction results show prelim clearance rate of 80%: Realestate.com.au

<html><body>Australian Property Monitors (APM) has released a list of auction results in Sydney for Saturday, August 15. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank" rel="nofollow">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney auction results for August 15

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Entry level project homes in new Sydney estates on the metropolitan fringes have been earmarked for investment due to the heavy competition for established homes in the latest August market review from Herron Todd White.
A new four bedroom brick rendered home in suburbs such as Oran Park, Leppington, Edmondson Park, Caddens Ridge, Jordan Springs and Mardsen Park between 140 square metres to 200 square metres.
HTW noted at the lower end of $1,400 per square metre, the potential owner will receive a modest standard with a laminated kitchen, part wall tiling to wet areas, generic appliances and split level AC.
"A higher standard is at $1,700 per sqaure metre and at this level we would expect to see a Polyurethane kitchen with casearstone benchtops, bamboo flooring, higher quality wool blend carpet, ducted air conditioning, full wall tiling to bathroom, and known appliances such as Westinghouse or Bosch," HTW noted.
Knock down rebuilds, driven partly by the interest generated through reality television programs range from between $2,500 and $4,000 per sqm are proving popular as well.
Potential sites located in Five Dock, Russell Lea, Drummoyne, Strathfield, Monterey, Sans Souci, Blakehurst, Sylvania, Cronulla and Burraneer with the floor areas for areas ranging from 300 to 500 per square metres are popular.
A large increase in dual occupancy developments within 20km of the Sydney CBD has resulted in many off the plan sales prior to completion. The report states a cavity brick duplex pair can range from $1,800 to $2,500 per square metre and brick veneer duplex pairs will range from $1,600 to $2,000 per square metre. 
Granny flats also got a mention.
"We have found that the typical 60 square metre granny flat will range from $2,000 to $2,500 per square metre comprising 2-bedrooms, 1-bathroom, ceasarstone kitchen bench and lounge/dining area. Specialist firms now cater for this market and quote a typical construction time frame of 12 weeks."
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Entry level Sydney project homes proving popular: HTW

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Investor mortgage levels have been higher than owner occupier loans since July 2014, according to the August CoreLogic RP Data Housing Market and Economics Update.
The report found a slight dip in new loans given to owner occupiers prior to March 2015. 
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Investor mortgage levels higher than owner occupier: CoreLogic RP Data

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

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MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

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The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

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Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

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Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

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Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

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The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

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Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

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“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

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Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

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Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

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The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

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Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Michael Crawford

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