<html><body>
With a slight easing in Sydney, Canberra dwellings are currently spending the shortest average time on market at 70 days, according to the latest information from Australian Property Monitors.
<img src="/images/stories/2013/04/daysonmarketapmapril29onethumb.gif" alt="daysonmarketapmapril29onethumb" width="470" height="642">
Source: Australian Property Monitors
</body></html>

po-LsXgBTHBmX

Canberra and Sydney swap places as fastest selling capitals: APM days on market heat chart

<html><body>
<img src="/images/stories/2013/05/melbourneunitsmay1.jpg" width="400" height="159" alt="melbourneunitsmay1">
The median gross rental yield landlords are securing for units in Melbourne, according to <a rel="nofollow" target="_blank" href="https://www.myrp.com.au/" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/adelaideunitsmay1.jpg" width="400" height="162" alt="adelaideunitsmay1">
The median gross rental yield landlords are securing for units in Adelaide, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/hobartunitsmay1.jpg" width="400" height="158" alt="hobartunitsmay1">
The median gross rental yield landlords are securing for units in Hobart, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/sydneyunitsmay1.jpg" width="400" height="172" alt="sydneyunitsmay1">
The median gross rental yield landlords are securing for units in Sydney, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/perthunitsmay1.jpg" width="400" height="158" alt="perthunitsmay1">
The median gross rental yield landlords are securing for units in Perth, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/brisbaneunitsmay1.jpg" width="400" height="165" alt="brisbaneunitsmay1">
The median gross rental yield landlords are securing for units in Brisbane, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/canberraunitsmay1.jpg" width="400" height="167" alt="canberraunitsmay1">
The median gross rental yield landlords are securing for units in Canberra, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
<img src="/images/stories/2013/05/darwinunitsmay1.jpg" width="400" height="139" alt="darwinunitsmay1">
The median gross rental yield landlords are securing for units in Darwin, according to <a href="https://www.myrp.com.au/" target="_blank" rel="nofollow" style="font-size: 14px;">RP Data.</a> The median gross rental yield across Australia's eight capital cities was 4.9% for the month ending April 30, 2013.
</body></html>

Melbourne units deliver lowest rental yields: RP Data capital cities analysis

<html><body>
There are looming redundancies inside Fairfax’s Victorian joint venture Metro Media Publishing as the company moves to rein in costs on struggling community mastheads formerly controlled by the ailing media giant.
Staff from Metro Media’s central office, located in South Melbourne, are being called in for meetings to discuss the changes, involving relocations, redundancies and reductions in working hours. Over 20 staff out of 120 are said to be affected, with the changes focused on some unprofitable publications within the 11-masthead central group.
A senior MMP source told Crikey that more job losses were to come at the Dandenong-based east group, <a target="_blank" href="https://www.crikey.com.au/2012/06/21/media-briefs-fairfax-mags-to-close-afr-on-shorten-v-jackson-stokes-to-decide/?wpmp_switcher=mobile">identified by CEO Antony Catalano last year</a> as problem area for the merged real estate agent-owned business, for which Fairfax paid $35 million in cash and $35 million in assets for a 50% stake in December 2011.
Catalano confirmed to Crikey that eight positions would be made redundant in the central office: “There are big challenges to the business we inherited. We’ve worked for nearly 12 months to try and turn around some of the businesses that were loss makers as part of the deal. But the reality is that some of them aren’t fixable. And that means we have to make some tough decisions. We never take things lightly when we’re dealing with individual staff and careers and we’re trying to tread carefully. But if we ignore this the rest of the business will suffer.”
Central titles include the Boroondara and Stonnington Review Locals and the profitable Weekly Review glossies spread throughout Melbourne’s affluent inner suburbs.
The Fairfax-MMP joint venture was finally bedded down last May following months of to-ing and fro-ing over the Australian Competition and Consumer Commission approval process. Crikey understands that in its submissions to the ACCC, Fairfax claimed its entire Fairfax Community Network of 33 mastheads was on the verge of being shut down with job losses in the range of 300 to 400 if the merger didn’t proceed.
Loss-making mastheads in the east grouping, which employs a total of 80 staff, are currently being examined for savings, however a decision on their future?—?which could include masthead closures?—?is yet to be made. East titles are Casey Weekly, Casey Weekly Cranbourne, The Dandenong Journal,Frankston Weekly, Knox Weekly, Monash Weekly, Maroondah &amp; Yarra Ranges Weekly and the Peninsula Weekly.
After the Fairfax deal was done, the former FCN titles were relaunched on July 25 last year. The Melbourne Weekly, Melbourne Weekly Port Philip andMelbourne Weekly Bayside were shuttered to make way for four “Review Locals”, including the Review Local Port Phillip and Review Local Bayside, which both closed earlier this year. Over the last 12 months, MMP management discovered many titles were bleeding serious revenue to News Limited’s Leader titles and those of Paul Thomas’ Star News Group. They have remained deeply in the red.
Last October, 29 staff <a target="_blank" href="https://www.crikey.com.au/2012/09/27/staff-to-go-at-fairfax-venture-as-catalano-slashes-costs/?wpmp_switcher=mobile">were made redundant</a> from some titles in the group, with some of the work outsourced to media labour hire firm The Media Gang.
An email sent by journos’ union the Media, Entertainment and Arts Alliance secretary Louise Connor obtained by Crikey advises staff to sit tight and listen to what the company has to say. The meeting referred to will now take place tomorrow.
<div style="color: #333333; font-family: Merriweather, Georgia, 'Times New Roman', Times, serif; font-size: 12px;">
<blockquote>
URGENT: Changes at Central, Union Meeting Today 30.04.2013 Dear Alliance Members and MMP Employees,
We understand that MMP management are calling individual editorial staff from the Central office into meetings today to discuss your employment arrangements.
These changes include relocation of some employees to other offices, redundancies and changes to working hours for Central (South Melbourne) staff.
There will be an Alliance meeting at your office this afternoon to discuss the changes. Meeting is upstairs at ‘Honey’ 345 Clarendon Street at 3pm.
We are also meeting with management tomorrow morning to commence negotiations for a new collective agreement. We can raise any issues you have with these changes at that meeting.
The collective agreement has clauses dealing with your rights in times of major change. This includes sufficient time to consider management’s proposal and the right of staff through the Alliance to propose alternatives.
Therefore, you do not have to agree immediately to any offer or proposal put to you in these meetings. Our advice is to listen to the information provided and take some time to consider your interests.
If you wish to have another person present in these discussions you can request that. Your Alliance organiser, Jake Wishart is available if you would like him to attend. Alana Schetzer, your Alliance House Committee rep is also available.
Please call Jake on 0413 xxx xxx  if you need his assistance.
Regards,
Louise Connor Victorian Secretary
This article originally appeared on <a target="_blank" href="https://www.crikey.com.au/2013/04/30/fairfax-jv-sheds-staff-as-suburban-profits-dive/">Crikey</a>.
</blockquote>
</div>
</body></html>

Real estate agent-owned Fairfax-MMP joint venture shrinks

<html><body>
{yoogallery src=[images/devspotlight_atria]}
Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.
A creative collaboration between architectural firm Hayball and Melbourne property developer Caydon, Atria pays homage to its unique location while championing a modern design aesthetic.
Situated close to Glenferrie Road, Hawthorn’s cultural heart, it is walking distance to one of the best shopping strips in Melbourne and is close to some of the finest restaurants and schools.
Caydon was established by Joe Russo over 10 years ago with the long-term vision to create ‘vertical communities’ where people would want to live their lives.
The success and growth of the company can be put down to Caydon consistently achieving this vision through combining the golden rules of real estate; the best location, with an absolute commitment to the highest quality architecture, design, construction and finish.
Caydon’s modern, stylish developments in coveted areas can be seen popping up throughout Melbourne. Amongst their developments are Trilogi in Prahran and an exciting new development slated for release in September in St Kilda.
Construction of Atria has started, with completion expected in the second quarter of 2014 and with only 39 of the 250 apartments still available.
Investors and first-home buyers have been responding to the chance to enter a blue chip area without the multi-million dollar price tag; one-bedroom apartments start at $435,000 and two-bedders from $580,000.
Locals, too, are responding and buying into the development, which is always a good sign. Downsizers are taking advantage of modern living without the maintenance.
The heart of each apartment is the spacious open plan living area, where the kitchen, dining room and lounge form one integrated space for entertaining or relaxing.
Bright and awash with light, this space offers residents the ultimate in flexibility and style.
With full height windows, each apartment has a sense of openness and space, and their interiors feature stone bench tops and European fittings.
The challenge with apartment living can be creating outdoor and communal areas that really work. Caydon has brought in the award-winning Hamilton Landscape Architects to finalise Atria’s Atrium Garden.
The highly acclaimed HLA have been designing incredible outdoor areas throughout Australia and Asia for over two decades.
Their work on the Atrium Garden has transformed the incredible 850sqm of outdoor space. With several areas zoned with timber decking surrounded by luscious greenery, the emphasis is on useable open space.
Atria’s display suite is located at 381 Burwood Rd, Hawthorn. It’s open Saturday and Sunday 11am to 4pm. For more information visit atria.com.au. For sales enquiries 1300 955 115.
<a href="https://au-01.adtomafusion.com/event/9921/private_media.propertyobserver.click/8734598/click?url=https://www.atria.com.au/" target="_blank">www.atria.com.au</a>
</body></html>

Atria – Modern living in iconic Hawthorn

<html><body>
South Australia and Queensland are the states with the lowest new listing activity, according to the latest RP Data analysis. Tasmania recorded the strongest seasonally adjusted rise.
<img height="258" width="470" src="/images/stories/2013/04/rpdatanewlistingsapril29one.gif" alt="rpdatanewlistingsapril29one">
 
<div>
<div><img height="208" width="470" src="/images/stories/2013/04/rpdatanewlistingsapril29two.gif" alt="rpdatanewlistingsapril29two"></div>
</div>
</body></html>

South Australia slowest when it comes to new listing acitvity: RP Data

<html><body>
The Victorian Government has followed the lead of the New South Wales (NSW), Queensland (QLD), Tasmanian (TAS) and South Australian (SA) governments and modified the First Home Owners Grant in a bid to boost the Victorian building industry and help reduce the state’s unemployment rate.
From 1 July the grant will increase from $7000 to $10,000 and only be available for eligible newly built homes.
Stamp duty concessions for first home-owners will also increase 40% from 1 July, for both established and newly constructed homes up to a value of $600,000.
By reinstating the new build bonus, the Victorian Government will entice young Victorians onto the property ladder; it will also create the positive spin off effect of boosting the residential construction industry at a time when the Victorian unemployment level is at a rate of 5.5%.
Data released by the Housing Industry Association two weeks ago shows new build figures in Victoria had sharply declined in recent times, down a massive 13.7%.
Research conducted by Hotondo Homes across its 29 Victorian franchises shows an average of 85 people are required to be on site at some stage during the building of a new home.
With each franchise in Victorian building an average of 10 new homes in 2012 (290 across the state), this equates to almost 25,000 people visits to these sites.
In almost all cases, these are local people involved in the manufacturing of new homes.
Currently the NSW and QLD governments offer grants of up to $15,000 to first-home buyers who purchase newly built homes or those bought directly off-the-plan. The Tasmanian Government offers $8000. In all of these states there is no financial incentive for those buying previously established homes.
The South Australian Government also offers a grant of $15,000 to those purchasing their first home, newly built or established. From July 2014 this will only be available for newly built places of residence.
Victorians did have access to a $13,000 First Home Bonus from 2010 to 2012 for new builds but this has since ceased to exist – until yesterday’s announcement by Treasurer Michael O’Brien.
By restoring the grant, the Victorian Government has provided the building industry in Victoria the kick-start it needs and will help the unemployment rate in the state as well.
Michael Renwick is managing director of building franchise <a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CDIQFjAA&amp;url=http%3A%2F%2Fwww.hotondo.com.au%2F&amp;ei=7u19Udz_L4GpiAe9m4CYAQ&amp;usg=AFQjCNFR6YMzVnzPSZlYXux66CspU8bO9Q&amp;bvm=bv.45645796,d.aGc">Hotondo Homes</a>.
</body></html>

Victorian Government's modified FHOG will kick-start industry: Hotondo Homes' Michael Renwick

<html><body>Australian Property Monitors (APM) has released a list of auction results in Adelaide for the weekend of April 27. <a rel="nofollow" href="https://www.homepriceguide.com.au/saturday_auction_results/Adelaide.pdf" target="_blank" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Adelaide auction results for April 27 weekend

<html><body>Australian Property Monitors (APM) has released a list of auction results in Brisbane for the weekend of  April 27. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Brisbane.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Brisbane auction results for April 27 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 236 auctions in Melbourne for the weekend of  April 27. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Melbourne auction results for April 27 weekend

<html><body>Australian Property Monitors (APM) has released a list of results from 282 auctions in Sydney for the weekend of April 27. The clearance rate was 73.9%. <a rel="nofollow" target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

APM's Sydney's 282 auction results show a 73.9% clearance rate

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

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.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

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.

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

<main data-perf-region="main">
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.

[smartcode_project:default project_id=152737 project_image_fid=377679]

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.

[smartcode_project:default project_id=152737 project_image_fid=377675]

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.

[smartcode_project:default project_id=152737 project_image_fid=377685]

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.

[smartcode_project:default project_id=152737 project_image_fid=377680]

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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Property Observer

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News