<html><body>
There wasn't much prestige stock on offer at Australia’s largest annual property auction yesterday. Indeed the highest sale at The Event was when Ray White Marine sold a luxury 24-metre yacht for $3.1 million.
An expansive, elevated home at <a href="https://www.raywhite.com/qld/sanctuary-cove/1045575/?lang=en" target="_blank">4709 The Parkway, Sanctuary Cove</a> (below) sold prior to auction for more than $2 million.
<img src="/images/2016/01/25/S0751-16457-WebRes14526227.jpg" alt="" width="595" height="397">
The Broadbeach in the Park penthouse was passed in at $4 million. Under the hammer the dearest house sale was $1.1 million.
But <a href="https://www.realestate.com.au/property-house-qld-sovereign+islands-121535450" target="_blank">59 Royal Albert Crescent, Sovereign Islands</a> (top, above) goes to auction tonight, along with a view other trophy home listings on the Gold Coast.
It is a builder's own home with five extra-large ensuited bedrooms plus a grand master suite.
The four level home comes with 1235sqm living space on a large 751sqm block with a wide 27 metre waterfrontage with large pontoon.
There's a 12 seater home theatre, games room, study, billiard room and a kids' retreat.
There is a large 8-10 car circular basement.
A lift services all levels.
The advertising of the waterfront came with a boat on the pontoon and a Lamborghini parked out the front. But they're not included in the sale.
 
</body></html>

po-LsXgBTHBmX

Sovereign Islands sales spotlight

<html><body>
Buying a property to rent out is a popular form of investment, the Federal Government's Moneysmart website notes.
Houses and units are easier to understand than many other types of investments, yet they do have some issues you need to be aware of.
Before you enter the property market, check if this type of long-term investment suits you, the site suggests.
It illustrated its warning with a reference to a 2013 chart showing a <a href="https://www.moneysmart.gov.au/investing/property" target="_blank">historical price perspective on Gold Coast units</a>. 
<a href="/images/2016/01/25/investings-graph.png" style="line-height: 1.3em;">Click to enlarge</a>
<img src="/images/2016/01/25/investings-graph.png" alt="">
<h3> </h3>
</body></html>

Property 101: Moneysmart reminds that Gold Coast apartment prices can fall

<html><body>
Co-founder of AllenWargent Property Buyers Pete Wargent has tweeted more than half of the current national building work done has been in New South Wales and Victoria.
Posting through his Twitter handle <a href="https://mobile.twitter.com/petewargent" target="_blank">@PeteWargent</a>, he said in Sydney, at the increase in higher density construction has to some extent come at the expense of detached house construction, with house completions in New South Wales still tracking well below historical levels.
<img src="/images/2016/01/22/Screen%20Shot%202016-01-22%20at%2010.53.04%20AM.png" alt="">
</body></html>

Tweet of the day: Pete Wargent notes detached housing construction makes way for high density building

<html><body>
Developers within the Australian Capital Territory need now apply for land tax relief using the Application for a Builder’s Land Tax Exemption Form due to changes in the Land Tax Act 2004 (ACT) which came into effect 24 November 2015.
Prior to the change, land in the ACT owned by a company to build residential homes for sale were exempt from land tax for two years.
Now a builder or land development company must apply in writing for a declaration that a parcel of ACT land is exempt from land tax. 
The company will be eligible for the declaration if the parcel is used by the company only to construct new residential premises and if the new residential premises are to be sold by the company when finished, according to Meyer Vandenberg Lawyers, who said once a declaration is given, the exemption applies for two years beginning on the first day of the first quarter after the company becomes the owner of the land.
The Application for a Builder’s Land Tax Exemption Form can be found <a href="https://www.revenue.act.gov.au/duties-and-taxes/land-tax/general-information" target="_blank">here</a>. 
</body></html>

Property 101: ACT property developers must now apply for land tax exemption

<html><body>
Sydneyï¿½s residential vacancy rates in Inner Sydney have remained tight, according to data released by the Real Estate Institute of New South Wales.
The December 2015 REINSW Direct Connect Vacancy Rate Survey saw the number of properties for rent remain steady at 1.8 per cent, as seen in November 2015.
REINSW President John Cunningham said a large number of developments were waiting to be competed in inner Sydney.
ï¿½Stock levels remain low in some of Sydneyï¿½s most popular areas and this is set to continue until the completion of many large developments which are underway,ï¿½ Mr Cunningham said.
<a href="/images/2016/01/22/Screen%20Shot%202016-01-22%20at%208.03.39%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/01/22/Screen%20Shot%202016-01-22%20at%208.03.39%20AM.png" alt="">
Vacancy rates in outer Sydney rose 0.2 per cent to 1.9 per cent, while middle Sydney rose 0.7 per cent at 2.4 per cent due in large part to lower response rates in this area caused by the holiday period.
ï¿½Innerï¿½ includes suburbs in the following LGAs: Ashfield, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Sydney, Waverley and Woollahra.
ï¿½Middleï¿½ includes suburbs in the following LGAs: Auburn, Bankstown, Burwood, Canterbury, Canada Bay, Hunters Hill, Hurstville, Kogarah, Ku-ring-gai, Manly, Parramatta, Rockdale, Ryde, Strathfield and Willoughby.
ï¿½Outerï¿½ includes suburbs in the following LGAs: Baulkham Hills, Blacktown, Blue Mountains, Camden, Campbelltown, Fairfield, Gosford, Hawkesbury, Holroyd, Hornsby, Liverpool, Penrith, Pittwater, Sutherland, Warringah, Wollondilly and Wyong.
Availability in the Hunter region continued its decline with a fall of 0.2 per cent at 2.3 per cent.
Newcastle was down 0.3 per cent at 1.8 per cent.
In the Illawarra the overall vacancy rate fell 0.1 per cent to 0.9 per cent despite a rise of 0.4 per cent in Wollongong to 1.5 per cent.
In the regional areas New England rose 0.2 per cent to 3.3 per cent, Albury added 0.8 per cent to 3.2 per cent and the South Coast was up 0.3 per cent to 1.7 per cent.
Northern Rivers dropped 0.6 per cent at 0.9 per cent and Coffs Harbour was down 0.8 per cent at 1.7 per cent.
<a href="/images/2016/01/22/Screen%20Shot%202016-01-22%20at%208.03.52%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/01/22/Screen%20Shot%202016-01-22%20at%208.03.52%20AM.png" alt="">
ï¿½
</body></html>

Inner Sydney vacancy rate remains tight: REINSW

<html><body>
Vendors considering selling their rental property have been advised to consider how a tenant views the whole process - little more than inconvenience followed by a possible eviction, according to vendor advocacy website vendormarketing.com.au.
According to the guide, vendors need to be honest and upfront with tenants throughout the whole process. If the rental property is going to sell to an owner-occupier (being someone who will live in the place themselves), they need to understand this and have the opportunity to get prepared.
"You should explain the period of time they will have after the sale to move, and tell them that you will provide a reference attesting their cooperation. However, if it is a normal rental property chances are quite high that another investor will buy it. In this case it is in their interest to present the property well and it is likely they could stay. Promise to keep them informed during the sale process. This helps to reduce their anxiety," the guide said.
"Set some parameters around inspections. This includes when the real estate agent can bring buyers through and the extent of the campaign. Inspections should mostly be open house to minimise inconvenience, and the times agreed in advance. Other inspections should be strictly by prior agreement with at least 24 hours notice.
"You must state that no one will go through except as agreed and always accompanied by the real estate agent. The marketing campaign should have a reasonable time limit for instance, 4 weeks, after which you would come back to the tenants if necessary.
"Of course sometimes a tenant is uncooperative or irredeemably messy, or has horrible furniture and you have to make a judgement call whether to sell with them in possession. If it is unavoidable you simply have to do the best you can. Remember that a really difficult tenant can make it almost impossible to sell at a good price, and tenancy laws do very little to help. Fortunately this is rare. Most of the problems are caused by the tenant being taken for granted. Don’t forget to ask them if they would like to buy. You just never know."
For more information, <a href="https://www.vendormarketing.com.au" target="_blank">click here</a>.
</body></html>

Property 101: Selling rental property – how to keep the tenant on side?

<html><body>
Zeehan tops the list of the 10 highest yielding suburbs for houses across Australia, according to PropertyValue.com.au.
 1. Zeehan, West Coast, TAS Rental Obs: 61 AVM Rental Yield: 8.9% Zeehan is located approximately 139 kilometres south-west of Burnie on the west coast of Tasmania.
The median price for a home in <a href="/news">Zeehan is $65,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/zeehan-tas-7469/buy" target="_blank">click here</a>.   
2. Broken Hill, Far West, NSW Rental Obs: 441 AVM Rental Yield: 8.7% Broken Hill is an isolated mining town with the closest major city (Adelaide) more than 500 kilometres away. Broken Hill is Australia's longest-established mining city and in 2011, 74.6% of homes were owner-occupied.
The median price for a home in <a href="/news">Broken Hill is $122,500</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/broken%20hill-nsw-2880/buy" target="_blank">click here</a>.   
3. Coonamble, North Western, NSW Rental Obs: 64 AVM Rental Yield: 8.1% Coonamble is located 575 kilometres north west of Sydney. Coonamble had a population of 3,002 at the 2011 Census.
The median price for a home in <a href="/news">Coonamble is $145,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/coonamble-nsw-2829/buy" target="_blank">click here</a>.  
4. Queenstown, West Coast, TAS Rental Obs: 107 AVM Rental Yield: 8.0% According to 2011 Census data, 70.4 per cent of homes in Queenstown were owner-occupied and the population was only 1,976.
The median price for a home in <a href="/news">Queenstown is $64,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/queenstown-tas-7467/buy" target="_blank">click here</a>. 
  5. Kambalda East, South Eastern, WA Rental Obs: 83 AVM Rental Yield: 7.8% Kambalda East had a population of 851 at the 2011 Census and 56.6 per cent of homes were owner-occupied.
The median price for a home in <a href="/news">Kambalda East is currently wavering</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/kambalda%20east-wa-6442/buy" target="_blank">click here</a>. 
6. West Kempsey, Mid-North Coast, NSW
Rental Obs: 99 AVM Rental Yield: 7.7% West Kempsey is located 15 kilometres inland from the Pacific Ocean. Surrounding suburbs include Euroka, Greenhill and Kempsey.
The median price for a home in <a href="/news">West Kempsey is $200,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/west%20kempsey-nsw-2440/buy" target="_blank">click here</a>. 
7. Bordertown, South East, SA
Rental Obs: 58 AVM Rental Yield: 7.7% Bordertown is located 272 kilometres south east of Adelaide near the South Australian and Victorian border.
The median price for a home in <a href="/news">B</a><a href="/news">ordertown is $150,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/bordertown-sa-4006/buy" target="_blank">click here</a>. 
8. Bridgewater, Greater Hobart, TAS
Rental Obs: 58 AVM Rental Yield: 7.6% Bridgewater sits on the Derwent River, 19 kilometres from the Hobart CBD. Neighbouring suburbs include Gagebrook and Brighton.
The median price for a home in <a href="/news">Bridgewater is $162,113</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/bridgewater-tas-7030/buy" target="_blank">click here</a>. 
9. Port Pirie West, Northern, SA
Rental Obs: 58 AVM Rental Yield: 7.5% The population of Port Pirie West was 2,775 according to 2011 Census data. Neighbouring suburbs include Risdon Park.
The median price for a home in <a href="/news">Port Pirie West is $100,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/port%20pirie%20west-sa-5540/buy" target="_blank">click here</a>. 
10. Ravenswood, Northern, TAS
Rental Obs: 61 AVM Rental Yield: 7.5% Ravenswood is located 3.5 kilometres from Launceston. In 2011, 47.1 per cent of homes were owner-occupied.
The median price for a home in <a href="/news">R</a><a href="/news">avenswood is $141,000</a>, according to CoreLogic RP Data.
For PropertyValue information, <a href="https://www.propertyvalue.com.au/map/ravenswood-tas-7250/buy" target="_blank">click here</a>. 
 
</body></html>

Zeehan tops Australia's 10 highest yielding suburbs for houses: PropertyValue.com.au

<html><body>
Australia Post has warned recent changes to domestic postage delivery times may interrupt normal mail delivery speeds, possibly affecting the time it takes for residential tenancy notices to be delivered.
Australia Post introducing three different mail delivery speeds on January 4 - express, priority and regular, and warned documents such as notices to vacate, according to the Residential Tenancies Act, must be sent through registered post or be delivered by hand.
The Victorian Civil and Administrative Tribunal has warned landlords and managing agents in other states must check how changes will impact notification requirements.
The Victorian Civil and Administrative Tribunal produced a comprehensive table (below) to help calculate the minimum days to allow for postage.
<h2>Total minimum days to calculate earliest termination date</h2>
<h3>Residential tenancies</h3>
By regular registered post
<table style="width: 454px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday or Monday
</td>
<td>
Posted Tuesday to Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
5
</td>
<td>
7
</td>
<td>
6
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
20
</td>
<td>
22
</td>
<td>
21
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
36
</td>
<td>
38
</td>
<td>
37
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
66
</td>
<td>
68
</td>
<td>
67
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
96
</td>
<td>
98
</td>
<td>
97
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
126
</td>
<td>
128
</td>
<td>
127
</td>
</tr>
</tbody></table>
 
By priority registered post
<table style="width: 373px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday to Wednesday
</td>
<td>
Posted Thursday or Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
3
</td>
<td>
5
</td>
<td>
4
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
18
</td>
<td>
20
</td>
<td>
19
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
32
</td>
<td>
34
</td>
<td>
33
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
64
</td>
<td>
66
</td>
<td>
65
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
94
</td>
<td>
96
</td>
<td>
95
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
124
</td>
<td>
126
</td>
<td>
125
</td>
</tr>
</tbody></table>
 
Given by hand
<table style="width: 340px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Given on any day
</td>
</tr>
<tr>
<td>
None
</td>
<td>
-
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
16
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
30
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
32
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
62
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
92
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
122
</td>
</tr>
</tbody></table>
Rooming houses
By regular registered post
<table style="width: 464px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday or Monday
</td>
<td>
Posted Tuesday to Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
5
</td>
<td>
7
</td>
<td>
6
</td>
</tr>
<tr>
<td>
2 days
</td>
<td>
8
</td>
<td>
10
</td>
<td>
9
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
36
</td>
<td>
38
</td>
<td>
37
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
66
</td>
<td>
68
</td>
<td>
67
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
96
</td>
<td>
98
</td>
<td>
97
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
126
</td>
<td>
128
</td>
<td>
127
</td>
</tr>
</tbody></table>
By priority registered post
<table style="width: 559px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday or Monday
</td>
<td>
Posted Tuesday or Wednesday
</td>
<td>
Posted Thursday or Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
5
</td>
<td>
7
</td>
<td>
7
</td>
<td>
6
</td>
</tr>
<tr>
<td>
2 days
</td>
<td>
6
</td>
<td>
6
</td>
<td>
8
</td>
<td>
7
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
32
</td>
<td>
32
</td>
<td>
34
</td>
<td>
33
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
34
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
64
</td>
<td>
64
</td>
<td>
66
</td>
<td>
65
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
94
</td>
<td>
94
</td>
<td>
96
</td>
<td>
95
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
124
</td>
<td>
124
</td>
<td>
126
</td>
<td>
125
</td>
</tr>
</tbody></table>
Given by hand
<table style="width: 312px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Given on any day
</td>
</tr>
<tr>
<td>
None
</td>
<td>
-
</td>
</tr>
<tr>
<td>
2 days
</td>
<td>
4
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
30
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
32
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
62
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
92
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
122
</td>
</tr>
</tbody></table>
<h3>Caravan parks</h3>
By regular registered post
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday or Monday
</td>
<td>
Posted Tuesday to Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
5
</td>
<td>
7
</td>
<td>
6
</td>
</tr>
<tr>
<td>
7 days
</td>
<td>
13
</td>
<td>
15
</td>
<td>
14
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
20
</td>
<td>
22
</td>
<td>
21
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
36
</td>
<td>
38
</td>
<td>
37
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
66
</td>
<td>
68
</td>
<td>
67
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
96
</td>
<td>
98
</td>
<td>
97
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
126
</td>
<td>
128
</td>
<td>
127
</td>
</tr>
<tr>
<td>
6 months
</td>
<td>
6 months + 6
</td>
<td>
6 months + 8
</td>
<td>
6 months + 7
</td>
</tr>
</tbody></table>
Note: The six month period is calculated simply as six months + the required postal period and first available termination date.
By priority registered post
<table style="width: 587px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Posted Sunday or Monday
</td>
<td>
Posted Tuesday or Wednesday
</td>
<td>
Posted Thursday or Friday
</td>
<td>
Posted Saturday
</td>
</tr>
<tr>
<td>
None
</td>
<td>
3
</td>
<td>
3
</td>
<td>
5
</td>
<td>
4
</td>
</tr>
<tr>
<td>
7 days
</td>
<td>
13
</td>
<td>
15
</td>
<td>
15
</td>
<td>
14
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
18
</td>
<td>
18
</td>
<td>
20
</td>
<td>
19
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
32
</td>
<td>
32
</td>
<td>
34
</td>
<td>
33
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
34
</td>
<td>
34
</td>
<td>
36
</td>
<td>
35
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
64
</td>
<td>
64
</td>
<td>
66
</td>
<td>
65
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
94
</td>
<td>
94
</td>
<td>
96
</td>
<td>
95
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
124
</td>
<td>
124
</td>
<td>
126
</td>
<td>
125
</td>
</tr>
<tr>
<td>
6 months
</td>
<td>
6 months + 4
</td>
<td>
6 months + 4
</td>
<td>
6 months + 6
</td>
<td>
6 months + 5
</td>
</tr>
</tbody></table>
Given by hand
<table style="width: 321px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Minimum notice period
</td>
<td>
Given on any day
</td>
</tr>
<tr>
<td>
None
</td>
<td>
-
</td>
</tr>
<tr>
<td>
7 days
</td>
<td>
9
</td>
</tr>
<tr>
<td>
14 days
</td>
<td>
16
</td>
</tr>
<tr>
<td>
28 days
</td>
<td>
30
</td>
</tr>
<tr>
<td>
30 days
</td>
<td>
32
</td>
</tr>
<tr>
<td>
60 days
</td>
<td>
62
</td>
</tr>
<tr>
<td>
90 days
</td>
<td>
92
</td>
</tr>
<tr>
<td>
120 days
</td>
<td>
122
</td>
</tr>
<tr>
<td>
6 months
</td>
<td>
6 months + 2
</td>
</tr>
</tbody></table>
For more about delivery options and times, visit the <a href="https://auspost.com.au/changes-to-your-letters-service?ilink=us706-changes-to-your-letters-service-learn-more" target="_blank">Australia Post website</a>.
</body></html>

Property 101: Landlords warned on changes to postal delivery times for rental notices

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
Knight Frank have noted from 1 December 2015, all foreign investors must now pay a fee before their foreign investment application will be processed and stricter penalties have been ramped up by the Australian Taxation Office for those who breach the rules.
Overview
The current Australian foreign investment framework for residential property is designed to generate new housing supply. The construction of new houses and apartments is aimed to increase the opportunity for people to purchase, as well as, stimulate economic activity with the employment of builders and suppliers. 
The recent changes introduced by the Federal Government are designed not to deter foreign investment into Australia, rather ensure the current rules that limit foreign investment in established dwellings are enforced.
Until this time, there has been poor policing by the small team at the Foreign Investment Review Board (FIRB) resulting in limited penalties imposed on those who breach the rules. For a long time, the framework was undermined due to poor data collection, along with a lack of audit, compliance and enforcement.
Given no fees were collected on application, it made it quite difficult for the FIRB to justify committing more Australian tax-payer resources, despite the number of foreign investment applicants growing almost three- fold over the course of 2013-14.
Over the same time, residential property prices rose significantly in many suburbs across the country. As a result, the Australian public became increasingly concerned that the influx of foreign purchasers were having a direct impact on mainstream (established) house prices.
This placed pressure on the now former Treasurer, Hon Joe Hockey MP, to provide clarification on the role foreign investment plays in residential property.
On the 19 March 2014, he commissioned a study to be undertaken by the House of Representatives Standing Committee on Economics. After a lengthy and comprehensive eight month inquiry, the House Economics Committee found that the current foreign investment structure should be retained but made 12 practical recommendations to ensure there is better compliance within the existing framework. 
A consultation process followed with the public and key industry bodies. It was proposed that all property administration functions were transferred to the Australian Taxation Office (ATO). The ATO was seen to be well-placed to utilise it’s data-matching systems to identify possible breaches with an increase in penalties. 
The Government then introduced the legislation into Parliament in the Spring sitting. It was slated in late November 2015 with the changes taking effect from 1 December 2015.
Current rules for foreign investors
The current rules around foreign investment in residential property aims to direct investment into new housing, increasing the housing supply and support local economic activity. All foreign persons, that is temporary residents and non-residents, can apply to purchase vacant residential land for development and newly constructed dwellings in Australia.
Non-resident foreign persons are generally prohibited from purchasing established dwellings in Australia. However, temporary residents can apply to purchase one established dwelling to use as their residence while they live in Australia, although on the condition the property is sold when it ceases to be their principle place of residence. 
FOREIGN INVESTOR APPLICATION FEES NOW APPLICABLE
<ul>
<li>Applicants will pay a fee to the ATO before their foreign investment application is processed.</li>
<li>The fees apply for each application and is uncapped if the property is valued over AUD$1 million.</li>
<li>If an application falls into a number of categories, the category with the highest fee would apply.</li>
<li>The fee on application does not provide any assurance of securing the property. </li>
</ul>
</div>
</div>
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<a href="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.10.07%20PM.png" target="_blank">Click to enlarge</a>
 
</div>
<div class="column"> </div>
</div>
</div>
  <img src="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.10.07%20PM.png" alt="">
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
ENHANCED COMPLIANCE AND ENFORCEMENT 
</div>
</div>
<div class="layoutArea">
<div class="column">
<ul>
<li>
The Government has provided $47.5 million over four years to the ATO to improve compliance and strengthen the enforcement of the rules.
</li>
</ul>
<ul>
<li>
The ATO has the capacity to cover more than 600 million transactions annually through its data-matching programs. The ATO matches its own taxpayer data with a variety of third party sources, including FIRB, immigration, AUSTRAC, banking data and state and territory land title data.
</li>
</ul>
<ul>
<li>Suspected breaches are then followed up by around 50 investigative compliance officers.</li>
</ul>
<ul>
<li>
Investors who have breached the rules risk being identified by the ATO as part of its compliance activities. These investors may then face criminal and/or civil prosecution. 
</li>
</ul>
</div>
</div>
</div>
<div class="page" title="Page 3">
<div class="layoutArea">
<div class="column">
REVISED PENALTIES FOR BREACHING THE FOREIGN INVESTMENT RULES 
The Australian Federal Government is increasing the existing criminal penalties and introducing new civil pecuniary penalties for those who breach the foreign investment rules. For more detailed information please refer to the FIRB website www.firb.gov.au. 
<div class="page" title="Page 3">
<div class="layoutArea">
<div class="column">
Penalty Regime for Foreign Investors, Residential Property 
Under Foreign Acquisitions and Takeovers Legislation Amendment Bill 201 
<a href="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.17.41%20PM.png" target="_blank">Click to enlarge</a>
 <img src="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.17.41%20PM.png" alt="" width="729" height="858">
<div class="page" title="Page 4">
<div class="layoutArea">
<div class="column">
NEW APPLICATION FEES AND PENALTIES FOR DEVELOPERS 
Property developers can apply for a new dwelling exemption certificate to sell new dwellings in a development of 50 or more residences to foreign investors. The fee for a new dwelling exemption certificate for a developer is AUD$25,000 upfront, with a reconciliation of properties sold to foreign persons based on the above rates. 
The Government has tightened the rules around the use of new dwellings exemption certificates by limiting the value of all apartments that can be bought by a single foreign investor to $3 million in the one development. If foreign investors want to purchase apartments above this value, they will have to seek individual approval. 
<a href="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.22.36%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/01/14/Screen%20Shot%202016-01-14%20at%203.22.36%20PM.png" alt="">
</div>
</div>
</div>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
 
</div>
</div>
</div>
 
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div></body></html>

Property 101: Foreign investment divestiture fines in Australia

<html><body>
The New South Wales Department of Fair Trading has published a list of changes to underquoting laws for residential property that came into effect this year.
The reforms were made to the Property Stock and Business Agents Act 2002 in order to provide greater clarity for buyers, sellers and agents. 
Changes include clearer rules for agents, more effective enforcement and the possibility of fines and lost commissions for breaches of the law by real estate agents.
According to the department, an agent is committing an underquoting offence if they state or publish a price for a property that is less than their reasonable estimate of the property’s likely selling price contained in the agency agreement with the seller. 
"This practice of underquoting can cause interested buyers to waste time and money on inspecting properties, getting reports and attending auctions based on misleading estimates of the selling price," it noted.
The department states the reforms that were made to the Property Stock and Business Agents Act 2002 provide clarity for buyers, sellers and agents and address underquoting with:
<ul>
<li>
clearer rules for agents. A key requirement is that agents must not give consumers understated or vague property prices (eg. promoting a property price as ‘offers above $450,000’)</li>
<li>
more effective enforcement. During an inspection by a Fair Trading officer, agents must be able to provide appropriate documentation to show that they have complied with the new laws.</li>
</ul>
Prospective buyers, property owners and agents are encouraged to understand the guidelines, according to the department.
"The reforms require agents to draw on their skills to make a reasonable estimate of the likely selling price and have honest and fair dealings with all buyers and sellers. The role of the seller's appointed agent to achieve the highest possible price on the property owner's behalf does not mean they should manipulate buyer interest with false price information.
Be aware that, simply because a property sells for more than expected, this does not mean underquoting has occurred. Sometimes competitive buyer behaviour can result in a much higher sale price than what an agent could have reasonably estimated. However, the law now requires an agent to be able to show that their estimate was reasonable, up-to-date and evidence-based.
{mijopolls 125}
For the full list of reforms, visit the Fair Trading website <a href="https://www.fairtrading.nsw.gov.au/sites/ftw/About_us/Legislation/Changes_to_legislation/Underquoting_reforms.page" target="_blank" style="line-height: 1.3em;">here</a>.
 
</body></html>

Property 101: Understanding NSW estate agent underquoting reforms

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

Property Observer

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News