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Global toll road traffic levels may not fully recover to pre-pandemic levels until 1Q23, although the pace of recovery will vary significantly between countries and regions, Fitch Ratings says in its latest quarterly tracker for the sector. 
As China is ahead of the rest of the world by two to three months in terms of the pandemic, Fitch Ratings expects that its traffic profile may initially provide some insight into other countries' recovery profiles. Fitch's expectations for full traffic recovery ranges from 1Q21 to 1Q23 for the US, European, Australian and Latin American toll road networks included in the tracker, although the timing and shape of the recovery are uncertain. 
Traffic recovery is well underway but has stalled recently in some countries where coronavirus infection rates are rising.
Toll road performance remains vulnerable to significant worsening of the pandemic, particularly if there are strict new lockdowns. 
However, future lockdowns may be less stringent, with governments reluctant to impose generalised lockdowns again given the high economic impact.
<a href="https://www.propertyobserver.com.au/images/2020/9/fitch%20toll.png" target="_blank">Click here</a> to enlarge: 
 <img src="https://www.urban.com.au/images/2020/9/fitch%20toll.png" alt="">
Source: Fitch Ratings 
Fitch developed a Coronavirus Rating Case and a Coronavirus Severe Downside Case to assess the potential impact of the pandemic on rated toll roads. 
In both cases Fitch considered issuers' ability and intention to reduce operating costs and tap into balance-sheet flexibility, with capex growth plans deferred and dividends reduced. Rating actions on European and Asia-Pacific toll roads were mostly limited to Outlook revisions under the Coronavirus Rating Case, reflecting resilience, but it is likely that most of these ratings would be downgraded by one or two notches under the Coronavirus Severe Downside Case, as leverage metrics would typically be above the negative rating sensitivity. The ratings of most US network toll roads were affirmed with a Stable Outlook, reflecting the ability to withstand a severe but temporary revenue shock in 2020. 
However, it is likely there would be many downgrades by one or two notches under the Coronavirus Severe Downside Case. 
More than half of rated toll roads in Latin America were downgraded by one or two notches, reflecting their sensitivity to the economic performance of the region they serve. The report "Coronavirus Global Toll Road Traffic Tracker" is available at <a href="http://74n5c4m7.r.eu-west-1.awstrack.me/L0/http:%2F%2Fwww.fitchratings.com%2F/1/01020174961b54d4-7e963bb9-4c91-4b54-a0df-15386acf0df3-000000/pNj51y0Dl1j43au3VvxX3OwRzrw=180" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">www.fitchratings.com</a> or by clicking the link above.
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j.ballantyne1990-6AQqhLzZaK

Global Toll Roads May Not Fully Recover Until 1Q23: Fitch Ratings 

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Australian architecture firm Billard Leece Partnership has announced a new leadership team as part of an executive restructure developed by the board.
The new team will feature 12 principals and 11 associates with Tara Veldman appointed as managing director.
Veldman established BLP’s Sydney office over a decade ago, building the studio to 70 staff with a range of health, schools and tertiary projects.
In her new position, Veldman hopes that she can assist BLP on shaping the future of Australian social infrastructure.
“We design for a healthy world. We are focused on re-envisaging hospitals, health hubs, education precincts, high tech research labs, residential communities and continuing to pioneer new ways of working”, she said.
BLP has been operating for 25 years, now with a 130-strong team with offices in Melbourne and Sydney.
The company’s board sees Ron Billard, Mark Mitchell and Adam Muggleton joining Veldman, with non-executive directors, Tim Shannon and David Tregoning.
The leading architecture firm has delivered many award-winning projects, including the Royal Children’s Hospital in Melbourne, the University of Sydney Health Precinct and the Hong Kong’s Children’s Hospital.
Their projects are now valued up to $2 billion and is currently engaged in the planning of the Children’s Hospital Westmead and the Sydney Children’s Hospital Randwick projects.
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Billard Leece Partnership announces new leadership team

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Ray White Commercial Queensland settled around $8.5 million of property deals in the Banyo and Northgate precinct alone in July, over two transactions.    The first transaction at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkcHJaYjJFQWIyQlFJdXc2UFZpK3pmOEtqYXR4VHdvRnBGYTZWM095ZFdSRjlGUnB6WGFVQ01tcm1NQlFzRmdoQ3Z6eWg3MDUwN3hGQUtKY2hKTURLc21QNDNRYnJrSFM5&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 2/71 Raubers Road</a> (above) in Northgate traded for an undisclosed amount, but industry sources revealed the price was in the mid three-million-dollar range.    The offering was a semi-modern industrial facility of 2,294sqm.
The site was purchased by a local owner occupier whose business was going exceptionally well in current market conditions.    The second transaction at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkcHJaYjJFQWIyQlFJdXc2UFZpK3pmOEtqYXR4VHdvRnBtRGdSRkZYaDErUklUM2ZkR05yOUlORW1KWHpQTEVja01hRVRESnJYNWdqWXNHdGN6eDZtVTVHYzNTZ3RNdXFn&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 6/459 Tufnell Road</a> (below) in Banyo settled for $5,300,000. 
The property was sold via a sale and lease-back process.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/Lot%206%20459%20Tufnell%20Road%20Banyo%20-%20%2011%20v2.jpg" alt="">
Moto National Accessories committed to a five plus five-year term, at a commencing rental of $328,125. 
The price achieved equated to an initial yield of 6.19 per cent, or $2,309 per sqm on GFA.   “We’re not surprised by the interest in the Banyo and Northgate precinct. Trains, planes and automobiles drive industrial transactions, and this pocket ticks all those boxes,” said Ray White Commercial Queensland Manager Andrew Doyle.   “Further to the sales we’ve settled, we’ve observed another $22,000,000 in transactions through the Northgate and Banyo precinct since COVID-19. This definitely highlights the comfort level buyers have in this area,” said Ray White Commercial Queensland Manager Aaron Aleckson.   “In a market like the current one, it’s important as an agent to get a sense of what buyers want,” said Ray White Commercial Queensland Director – Brokerage services Paul Anderson.
“We clearly have that read now, and we’re very pleased to be offering a new opportunity in the Banyo and Northgate precinct – which is a brand-new industrial asset leased to Domayne”.    Ray White Commercial Queensland is offering <a href="https://ecomms.raywhite.com/collect/click.aspx?u=Zlc4M0lHejNQTjdwL2dwcFRNcXQ3bkc5ZXBkcFAxV1hkazdXWjhZdnlhTkl2R2hyd2drTTZURldCaWdUNVZzRnJIelJWMEsxUzcrRWZydlZXNGFpWGlPSmlZaG5Sb2JkQUdvcXBWT3p0aThVa3RCVWZNbUZzQ3ltb29GRnZRVGtFQzRteU5tbm01UDhoQUY1ODdIdWgrM0ZxUjUwL1N5UnpncXY1bVQ3bUxnODNaNE9rK2Z3WkkyQUZPSWJnbVZXU0dzUWdwQTlFaE09&amp;rh=ff00685a69c68ddc0d8fcc52934089b2a5fcb7d1" target="_blank" data-auth="NotApplicable">Lots 16 and 17/62 Crockford Street</a> (above) in Northgate for sale via auction on October 16.   The property is a brand-new facility of 2,358sqm on a 4,000sqm allotment.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/LOTS%2016%20NORTHGATE.jpg" alt="">
It has been leased to Domayne at an annual rental of $330,000 per annum net, with a primary lease term expiry of April 2027.   
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Banyo and Northgate, Queensland see $8.5 million of property deals

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Woodlea has revealed plans for an innovative aged care and retirement precinct within its growing estate.
Located in Melbourne’s western growth corridor and currently home to 7,000 residents, Woodlea sought to redefine residential living from the outset by creating and raising the bar for a new suburb where families can live a better life. 
The area earmarked for the aged care and retirement precinct is co-located within the new $45 million Woodlea Town Centre development.
It has the potential for over 100 Independent Living Units, Retirement Living Apartments and an Aged Care Facility.
Victoria Investments &amp; Properties (VIP) and ASX listed Mirvac, in collaboration with Knight Frank, is seeking an independent project partner to bring this opportunity to life.
Woodlea Project Director Matthew Dean said this offering would effectively close the loop on ensuring every age and demographic is catered for within the Woodlea community.
“There are aged care and retirement units within the surrounding area but there is nothing of this size or calibre that integrates different living options within the same precinct.
“Woodlea is unlike any other master-planned community due to its sheer size and offering and as it continues to flourish and more amenities are delivered, we are continually looking for ways to innovate to ensure it is responding to the needs of its residents and the surrounding communities,” he said.
Spanning 711 hectares, Woodlea is fast becoming a major asset for the west, comprising prestigious schools, destination style playgrounds, parks and sporting facilities and will be home to a large-scale Town Centre with a 3500sqm Coles.
Upon completion, the master-planned estate is forecast to be home to over 20,000 residents.
It will see over 30 per cent of the estate dedicated to open space - including native woodlands and wetlands and pocket parks. 
In addition, two childcare centres, two public schools and Bacchus Marsh Grammar Primary School, as well as an abundance of sport and recreation facilities will be available.
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Woodlea reveals aged care and retirement precinct

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A long-waited development site in the centre of Maryborough has hit the market via expressions of interest.    The substantial 6.8ha land area with dual street frontage is centrally located at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=WDlEeE43WHk4cDU3VXV3SEx6K1g3a0FGK28vMDZVUHBNTmdGelRVTnpGTkhrYzNZMlp2R3gzbm5MZW1BWXhEUmpqQlJQODk3NmE0RVBLQ1J6c2NxUThUM1BUZlV2S3lteXQ1d3ZYN0NZT3VJY2NZYklENWJuNVVmR09hR1hITmo3VVRBZDFMU0l6UCtON3VZenFBdVJmbGY2eE9aRlQxbHhuZ0Z3S0FEWjRlMmI1eVVGb1c3M1NONndFL3JqdVdq&amp;rh=ff006881b6ec913c13708079ee4bb2af5d5ee0de" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 183, Neptune Street</a>.
It benefits from being level with all essential infrastructure directly adjacent.   The property is being marketed by Ray White Special Projects Qld Directors Mark Creevey and Tony Williams, along with Ray White Maryborough Principal Guy Meredith. “The site is designated Community Facilities and Community Hub zone and the existing building is approved for a Community Care Facility,” Mr Creevey said.   “Land parcels of this size with any sort of approval already in place are highly sought-after throughout Queensland and we’re anticipating a lot of interest in this one.”   “A real gem of this site is the potential for alternate residential development (STCA) along with concept plans for major health-based mixed-use development,” Mr Williams said. The property is just 500m to Maryborough Hospital and is opposite PresCare Yaralla Aged Care Facility and is in close proximity to a vast array of facilities and amenities.”   “The parcel of land is minutes from the CBD in a well-regarded part of town and holds enormous potential for both mixed use and/or residential development (STCA),” Mr Meredith said. “Maryborough is just three hours north of Brisbane with a strong manufacturing hub and is the gateway to The Great Sandy Straits and Fraser Island.” 
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Maryborough development site hits the market 

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Global law firm Norton Rose Fulbright has advised Qube Holdings Limited, Australia’s largest integrated provider of import and export logistics, on the sale of its Minto industrial site to Charter Hall. 
The sale of the 30.6-hectare Minto site was first announced in July 2020 and, with approval from the Foreign Investment Review Board, settled on 15 September for around $207 million, reflecting an initial yield of 4.76 per cent. 
The site is located close to the South Sydney Freight Line, the M5, M7 and Hume Highway in NSW.
It will now form part of Charter Hall’s expanded industrial and logistics property portfolio, the $5.2 billion Prime Industrial Fund.
The site is fully leased to four automotive logistics tenants and is currently used for car import, storage and distribution, and has the potential to be developed as an intermodal rail terminal. 
Real estate partner Deanne Ogilvie acted on all aspects of the sale, including undertaking vendor due diligence, preparing and negotiating the contracts, and attending to exchange and settlement of the sale. 
“We have been acting for Qube for more than a decade and in regards to the Minto site for more than six years and are pleased to have assisted Qube on this sale.
"The site is a strategic property asset – well located, fully leased and with the potential to be developed as an intermodal rail terminal – and is a key addition to Charter Hall’s growing portfolio," Deanne said.  
In addition to the Minto site, Qube Holdings Limited is assessing funding and ownership options for one its most significant real estate sites, the Moorebank Logistics Park. 
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Minto industrial estate of Qube Holdings Limited sold for $207 million

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Premium investment properties remain highly sought after by private, high-net-worth investors, according to Colliers International.
Paul McGlynn and Harry Bui of Colliers have sold McDonald’s Bella Vista (pictured above) to a private Asian investor from Melbourne for $6.65 million on a net yield of 3.1%. 
The acquisition was for a 2,885sqm long-term ground lease. 
McDonalds Australia constructed a brand-new single level restaurant with dine-in and drive-thru take-away facility, open to the public since May 2019.
Mr McGlynn and Mr Bui will be also taking the adjoining Shell Service Centre Bella Vista (pictured below) to the market for sale by international expressions of interest.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/21/Norwest_060820_36%20Large.jpg" alt="">
Both properties are located in a gateway position at the entrance of Norwest Business Park within the north-west growth corridor in Sydney’s Hills District.  
On a 2,813sqm site, this new Shell service station with an annexed café is anticipated to receive high levels of interest from both local and international investors.
The opportunity benefits from its premium location in Norwest Business Park, long WALE profile of 10 years by income, strong annual rental escalation, and head lease to Viva Energy Australia with a fully leased net passing income of around $604,544 per annum. 
“Premium investment properties with long leases such as a freestanding petrol station leased to Viva Energy, 7-Eleven, Caltex, BP or freestanding fast food sites like McDonald’s are currently very sought-after,” said Harry Bui, National Director, Investment Services at Colliers International. 
“Private high net worth investors are the most common buyer profile within the sub-$20million investment market, while both property syndicates and consortiums showed increased interest towards premium investment assets with longer WALE’s and company leases to national blue-chip corporate tenants.” 
There have been several significant national portfolio sales for premium investments in the past year.
This includes; 33 7-Eleven petrol stations, which sold for $156 million in October 2019 and February 2020 with an average yield of 4.76% and; 25 Caltex petrol stations sold for $133 million in November 2019 with strong underlying land values for future development.  
Charter Hall also took a 49% stake in a portfolio of 225 BP petrol stations in Australia, worth $1.7 billion with a weighted average lease expiry (WALE) of 20 years which was the biggest deal of 2019. 
Paul McGlynn, National Director, Industrial at Colliers International said that the Norwest area where both properties are located will benefit from major State and Federal Government projects.
“Norwest is in the suburb of Bella Vista which is surrounded by major State and Federal Government infrastructure projects, specifically the North-West Metro which opened in May 2019, North-Connex due to open next month, the re-development of Parramatta CBD (11 kilometres South) and establishment of the new second Western Sydney Airport (43 kilometres West).”
“These infrastructure projects coupled with substantial increases in new residential dwellings and population growth locally will rejuvenate and promote Western Sydney, helping the area to become a major economic powerhouse.”
Colliers International will also be bringing a brand-new, flagship BP in Tighes Hill, Newcastle to market. 
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Two Norwest properties in Sydney indicate premium investments remain sought after

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MaxCap Group has closed funding for ‘Ivanhoe Gardens’, a large scale residential project with an end value of $140 million in Ivanhoe Melbourne to be developed by Blue Earth Group (BEG).
MaxCap Group is a Australia and New Zealand’s commercial real estate lender and investment manager.
The MaxCap Funding Facility is for the construction of stage one of the master plan development and it will cover two buildings in the project, to be known as ‘Bloomsbury’ and ‘Everleigh’ comprising of 235 apartments.
The project is well located in the leafy north eastern suburb of Ivanhoe and residents will have direct access to public transport, with a metro train station and bus stops along Bell Street. 
Residential amenities at ‘Ivanhoe Gardens’ will include a wine cellar, cinema, on-site ‘click &amp; collect’, fitness centre, indoor squash court, sauna, game room, golf simulator and co-working space.
Brae Sokolski, Founder MaxCap Group said “MaxCap has a long proud history of funding Australia’s leading private developers. This transaction represents the 14th project we have partnered together with Blue Earth Group.”
Carlton-based Blue Earth Group was founded by Michael and Omran Dib and commenced operations in 1993.
The Group has since grown to become one of Melbourne’s most highly regarded and active developers, with over 2000 apartments in the current pipeline.
“We develop apartments that revolve around people,” said Mr Michael Dib.
“These are beautiful vibrant spaces that draw inspiration from the 21st century lifestyle."
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MaxCap funds Blue Earth Group’s Ivanhoe residential development project

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The Local Business Awards have named Marites Idea Novis as Blacktown’s business person of the year.
Novis’ business, Qfirst Property Investment Group, has also been named this year’s outstanding real estate agency.
The Sydney-based entrepreneur founded Qfirst in 2017.
“It is hard to put this feeling into words. Nevertheless, I am very honoured to receive these two awards as recognition of my hard work and that of the entire Qfirst Property Investment Group team,” she said.
Qfirst is geared specifically toward first-home buyers and investors, specialising in marketing pre-developed projects as well as finished properties.
“I established Qfirst Property Investment Group with the sole purpose of guiding and advising first-home buyers and investors on everything they need to know to reach their financial goals through property investment”, Novis said.
In one year, Qfirst has sold more than $75 million worth of properties.
This isn’t the first of Novis’ business endeavours, however. At the age of 29, she founded a family-owned Philippines-based company Quezon First Engineering Services.
The businesswoman also hosts seminars specifically aimed at helping first-home buyers and investors to better understand the ins and outs of the property market.
She describes the Qfirst Property Investment Group as the “new frontier” of the reale state industry.
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Qfirst Property Investment Group named outstanding real estate agency

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A waterfront home with harbour views in Sydney's Lower North Shore has been sold for $6 million. 
The five bedroom, three bathroom residence is situated at <a href="https://www.realestate.com.au/sold/property-house-nsw-linley+point-134077690" target="_blank">18 Brooks Street, Linley Point</a>. 
It offers gourmet island kitchen, enteriners' balconies, rumpus room, home cinema, wine cellar and two car space. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/9/7/linley%20pt%202.jpg" alt="">
The home also features swimming pool, wet bar, gym, gas fireplace and water views. 
Nestled on a 749sqm block, the home is set in a cup-de-sac with private access to the waterfront. 
Tracey Dixon and Brent Courtney of McGrath Hunters Hill sold the property.
It was last sold in 2016 for $4.366 million. 
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Linley Point waterfront home with harbour views sold 

<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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“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.

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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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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.

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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.

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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.

[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.

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[smartcode_project_cta:default project_id=152737]

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