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Units in Brisbane and Adelaide spend more time on the market than any other Australian capital city, according to the latest information from RP Data.
Brisbane and Adelaide units spend an average of 93 days on the market, according to data for the week ending February 24. Houses in the Queensland capital don't sell that much quicker with an average of 88 days on the market, while Adelaide houses take 85 days.
By contrast, Sydney and Canberra houses spend the least time on average on the market, at 70 days. Sydney units typically take 59 days to sell, the quickest sale type in the country.
<img height="356" width="470" src="/images/stories/2013/02/rpdatafeb25chart.gif" alt="rpdatafeb25chart">
'Time on market' (TOM) is the average number of days between when a property is first listed for sale and the contract date.
The statistics are calculated across results received by RP Data over the past week and include properties transacted over the past four weeks. The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis.
The analysis also excludes results where there are less than 10 observations.
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Brisbane and Adelaide units spend highest time on market: RP Data

<html><body>Australian Property Monitors (APM) has released a list of results from 349 auctions in Melbourne for the weekend of February 25. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.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 Melbourne auction results

<html><body>Australian Property Monitors (APM) has released a list of results from auctions in Sydney for the weekend of February 23. The clearance rate was 76.2%. <a 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: Sydney's 341 auctions show a 76.2% clearance rate

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It is expected that there will be over 1,900 capital city auctions held over the coming week, according to RP Data.
The combined capital city auction clearance rate was recorded at 58.9% last week, up from 55.4% the previous week.
Over the same week in 2012, the auction clearance rate was considerably lower at 47.9%.
Last week, auction volumes increased substantially from 667 the week prior, to 1,116.
Last week, in Melbourne, Australia’s largest auction market, there were 541 auctions.
The clearance rate remained almost unchanged, up slightly from 65.7% the previous week to 66% last week.
Sydney’s auction clearance rate increased from 55% the week prior to 63.2% last week when 323 auctions were held in the city.
In comparison, at the same time last year, Sydney’s auction clearance rate was recorded more than 15 percentage points lower at 47.4% when there were 435 auctions held over the week.
Click to enlarge
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Auction clearances increase as big weekend looms: RP Data

<html><body>Australian Property Monitors (APM) has released a list of results from 225 auctions in Sydney for the weekend of February 16. The clearance rate was 71.6%. <a href="https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf" target="_blank"> 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 225 auction results show a 71.6% clearance rate

<html><body>Australian Property Monitors (APM) has released a list of results from 210 auctions in Melbourne for the weekend of February 16. <a style="font-size: 14px; text-align: left;" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" target="_blank">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 

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In the land of tiny dogs and gargantuan homes, nothing stops a celebrity publicist – even if her client is only 30 centimetres tall. 

According to the latest media release from glitzy LA, Barbara Millicent Roberts (or Barbie, as she is known to hundreds of millions of little girls worldwide) is upping sticks from the tony LA suburb.
{yoogallery src=[images/stories/2013/02/feb8barbie]}
<a target="_blank" href="https://www.trulia.com/barbie/">Barbie is putting her “Dreamhouse” on the market</a>, seeking a cool $25 million for the three-level pink mansion (pictured above), which exists mainly in girls' imaginations. 

Its tongue-in-cheek marketing describes it as "designed as the ultimate bachelorette compound, it's perfect for A-Listers, internet entrepreneurs, entertainment moguls and dolls of all ages who love to entertain yet want to relax and take in the never-ending ocean view."

Of course, the buyer pool may be somewhat limited given the house has only three sides and is made of plastic. 
Who better to sell a celebrity doll's fake house than a celebrity agent? Star of hit Foxtel show Million Dollar Listing Josh Altman is the "selling agent" for the marketing caper. 
The 54-year-old Barbie is even reported to be thinking of relocating Down Under for her next "Dreamhouse" purchase. 
Mattel marketing director for Australia Amanda Allegos said: "Barbie is more popular than ever in Australia, and we’re very excited at the prospect of her moving.  Barbie, is a sun, surf and sand doll and Australia can certainly offer all three, we’re hoping she will include a trip to see her Aussie fans in her world tour itinerary!"
Barbie's Malibu neighbour Paul Hogan's <a target="_blank" href="https://luxe.truliablog.com/2013/02/05/paul-hogan-malibu-flip/">real-life listing</a> is a little more low-key. The Crocodile Dundee star and his wife, Linda Kozlowski, are seemingly flipping their Malibu estate. It's an elegant Victorian era home which after only six months of ownership, is up for sale.


It's a 6,382-square-foot (593-square-metre) Grasswood Avenue home (pictured below).
{yoogallery src=[images/stories/2013/02/feb8hogan]}
It was reported in July last year that the couple bought the five-bedroom, six-bathroom home for $3,800,000 after selling another Malibu home for $6,475,000.

It comes with ocean views from underneath its vaulted ceilings.

The renovated home has been revamped to European sensibility, with neutral tones.

The master suite includes a sitting area, two large walk-in closets and private lanai. There’s three additional ensuited bedrooms, a beautiful gourmet chef’s kitchen, library and office spaces.

Outside there’s also a one-bedroom guesthouse and three-car garage.

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It's Barbie vs Crocodile Dundee in the battle of the Malibu mansion listings

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Brunswick East is experiencing rapid growth and a surge of investment opportunities, with numerous new residential, commercial and retail developments launching this year.
The Albert of Brunswick East is at the forefront of this fast-paced growth. Following on from the success of its first release, with 90% of units sold last year, The Albert will release stage 2 of this new development in early February.
Set in a culturally vibrant locale and overlooking expansive parkland, The Albert offers the best in Melbourne inner-city living, coupled with sustainable contemporary design.
Designed by Carbott Holt Architects, the one-, two- and three-bedroom apartments will provide spacious living areas and balconies and include features such as bamboo timber flooring and moveable island benches in the kitchens.
The majority of external apartments will offer park views to the north. The development will also include secure parking and internal courtyard areas.
The Albert is the latest project from the up-and-coming Grange Development Group.
“We don’t build run-of-the-mill apartments. Our projects have a point of difference, which is apartments with large living spaces, 2.7-metre ceiling heights, plus quality fixtures and fittings,” says Grange Development Group director Daniel Caspar.
“Together we have achieved apartments that are 10% larger than the average and also 10% cheaper than our competitors’. It’s a great balance,” says Caspar.
The demand for sustainable, energy-efficient developments means there are 110 solar panels on the roof, expected to meet 50% of the estimated energy requirements.
The Albert Apartments are being offered for sale off the plan through Knight Frank and Avion Properties.
Construction will commence in June 2013 with an expected completion date mid- to late 2014.
With prices from $369,000 for a one-bedroom unit and two-bedroom units from $475,000, The Albert is perfectly priced for both investors and owner-occupiers.
Visit the display suite at 50 Albert Street, Brunswick East, on Saturdays and Sundays from 2pm till 4pm, or arrange a private viewing by calling Bradley Dean 0413 508 866 or David Toms 0409 252 000.
<a href="https://www.albertapartments.com.au/">https://www.albertapartments.com.au/</a>
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The Albert Brunswick East

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The Pinnacle will be the tallest residential tower by Mirvac to grace the Rhodes Waterside precinct.
Surrounded by cosmopolitan amenities, sweeping waterways and parklands, Rhodes Waterside is one of Sydney's most convenient and beautiful urban villages.
Commanding sweeping panoramic views from its elevated location, the building will soar 25 storeys high with uninterrupted outlooks in all directions.
The expansive terraces offer incredible panoramic views out over Sydney’s ever-changing harbour and cityscape.
The Pinnacle gazes over Sydney’s magnificent waterways to the CBD skyline, Homebush Bay, sweeping parklands and out to the distant Blue Mountains.
From first light, residents can follow the sun as it arcs across Sydney's meandering inner harbour. And as dusk falls, they can watch the CBD lights illuminate the night sky.
In the elegant living areas, full-height windows and sliding doors frame wonderful dual-aspect outlooks while drawing in abundant light and cooling cross-flow breezes.
Fluid lines and versatile floor plans create an easy flow between rooms while also accommodating diverse contemporary lifestyles.
The Pinnacle is within easy walking distance of everything you need.
It’s only a two-minute stroll to Rhodes Shopping Centre, where you will find an expansive range of food, fashion, homewares and entertainment options.
Rhodes train station is just around the corner, and the waterfront and parks are all within a moment’s reach.
The Pinnacle is just 25 minutes from the CBD and offers the enhancement of living by the bay.
Surrounded by beautiful waterways and one of Sydney’s greatest urban parklands, Rhodes Waterside is a stunning natural playground where residents can wander down for an afternoon picnic, explore the kilometres of park and waterside cycle tracks or take the kids to the playground.
Of course, they can also head to Sydney Olympic Park, with its diverse attractions including ANZ Stadium, Acer Arena and Sydney Aquatic Centre.
Residents will be inspired by the harmony between the wonderful natural and vibrant urban landscapes. The Pinnacle offers the time and your place to relax, renew and unwind.
For more information:
Visit the sales and display centre
2 Rider Boulevard
Rhodes (opposite Rhodes Shopping Centre)
Open daily 11am – 5pm
Phone 9080 8888
<a href="https://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&amp;c=20&amp;mc=click&amp;pli=6475400&amp;PluID=0&amp;ord=%7B%r%%7D" target="_blank">www.rhodespinnacle.com</a>
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The Pinnacle

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RBA governor Glenn Stevens has released a statement concerning the RBA's decision to keep the cash rate on hold today.
"At its meeting today, the board decided to leave the cash rate unchanged at 3%," Stevens wrote.
"Global growth is forecast to be a little below average for a time, but the downside risks appear to have abated, for the moment at least. The United States has so far avoided a severe fiscal contraction and financial strains in Europe have lessened considerably over recent months. Growth in China has stabilised at a fairly robust pace. Around Asia generally, growth was dampened by the earlier slowing in China and the weakness in Europe, but again there are signs recently of stabilisation. Some commodity prices have firmed over recent months.
"Sentiment in financial markets has continued to improve, with risk spreads narrowing and funding conditions for financial institutions becoming more favourable. Long-term interest rates faced by highly rated sovereigns, including Australia, remain at exceptionally low levels. Borrowing conditions for large corporations are very attractive. Share prices have made further gains. However, the task of putting private and public finances on sustainable paths in several major countries is far from complete and, accordingly, financial markets remain vulnerable to setbacks in these areas.
"In Australia, most indicators available for this meeting suggest that growth was close to trend in 2012, led by very large increases in capital spending in the resources sector, while some other sectors experienced weaker conditions. Looking ahead, the peak in resource investment is approaching. As it does, there will be more scope for some other areas of demand to strengthen," says Stevens.
"Present indications are that moderate growth in private consumption spending is occurring, though a return to the very strong growth of some years ago is unlikely. The near-term outlook for non-residential building investment, and investment generally outside the resources sector, remains relatively subdued. Public spending is forecast to be constrained. On the other hand, there are indications of a prospective improvement in dwelling investment, with dwelling prices moving higher, rental yields increasing and building approvals higher than a year ago. Exports of natural resources have been strengthening, though recent bad weather is affecting some shipments.
"Inflation is consistent with the medium-term target, with both headline CPI and underlying measures at around 2¼ per cent on the latest reading. Looking ahead, with the labour market softening somewhat and unemployment edging higher, conditions are working to contain pressure on labour costs. Moreover, businesses are likely to be focusing on lifting efficiency under conditions of moderate demand growth. These trends should help to keep inflation low, even as the effects on prices of the earlier exchange rate appreciation wane. The bank's assessment remains that inflation will be consistent with the target over the next one to two years.
"During 2012, there was a significant easing in monetary policy. Though the full impact of this will still take further time to become apparent, there are signs that the easier conditions are having some of the expected effects: the demand for some categories of consumer durables has picked up; housing prices have moved higher; there are early indications of a pick-up in dwelling construction; and savers are starting to shift portfolios towards assets offering higher expected returns. On the other hand, the exchange rate remains higher than might have been expected, given the observed decline in export prices, and the demand for credit is low, as some households and firms continue to seek lower debt levels," says the statement.
"The board's view is that with inflation likely to be consistent with the target, and with growth likely to be a little below trend over the coming year, an accommodative stance of monetary policy is appropriate. The inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to support demand. At today's meeting, taking into account the flow of recent information and noting that there had been a substantial easing of policy as a result of previous decisions, the board judged that it was prudent to leave the cash rate unchanged. The board will continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target over time."
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Housing prices have moved higher: RBA governor's statement

<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.

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[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.

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[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

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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.

[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.

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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.

[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>

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