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The Brisbane-based, ASX-listed house and land package company Tamawood has cut its profit outlook for the year, after credit delays were holding back construction starts.
Tamawood advised shareholders its net profit after tax for the year to June would be down by $800,000, an 8.8% decline on the $9.1 million reported last year.
The company reported more than half of that the result of delays in construction resulted from customers who couldn't get confirmation of bank loan approvals.
The company makes around 85% of its sales in south-east Queensland, through the Dixon Homes brand.
It said the delays were the result of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
"It's quite a bit," Tamawood executive chairman Robert Lynch told The Australian Financial Review.
"It's just pushing out the profits into next year. It's a slowdown rather than anything else." 
Tamawood is Queensland's seventh-biggest builder with 598 home starts last year.
"The banks are being very careful about every loan," he said.
"The reason for that is they're going through and checking everything again. It's all due to nervousness created by the royal commission."
It also advised its setup costs for its Sydney expansion was above initial expectations.
Tamawood shares closed up 4¢, or 1%, on Friday at $4.04, pointing out there had not been a drop in its dividend over the past 18 years.
The company, listed on the ASX in 2000, has its head office in Brisbane’s south which was recently sold in a $8.5 million deal.
The property at 1821 Ipswich Road, Rocklea (pictured above), sold on an initial yield of 7.4%, with a head lease to Dixon Homes in a 10-year leaseback arrangement.
The property was sold by Rainrose Pty Ltd – an entity linked to Lev Mizikovsky, the founder of Tamawood Limited.
It acquired the Rocklea complex in 2012 for $5.4 million.
The property – once occupied by an indoor go-karting track – is positioned to enable staff to access Dixon Homes’ construction projects and estates throughout south-east Queensland.
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j.ballantyne1990-6AQqhLzZaK

Delays in Dixon Homes new starts blamed on royal commission-induced credit showdown

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McCallum, an organic-style country homestead at Michelago, NSW, on a 720 hectare offering has been listed with $1.85 million to $2 million hopes.
Set on the doorstep of the highlands, the property is 54 kilometres from Canberra and 340 kilometres to Sydney.
<a href="https://www.realestate.com.au/property-house-nsw-michelago-128192378" target="_blank">The sustainably-built residence</a> built by Robbie Wood and designed to harmonise with the natural landscape.
There's recycled timber and stone all sourced from the property plus part of the big old Cowra bridge.
A verandah with outdoor fireplace wraps around three sides of the home set around 1,100 metres at its highest point, with views extending down the valley to Mount Tenant. 
The main house consists of five bedrooms, four bathrooms, country style kitchen, library and several living spaces.
There is a two bedroom guest house with corrugated iron walls and polished concrete flooring.
The property has 900 juvenile olive trees.
The 759 Micalago Road Michelago home is listed through Leanne Palmer of Belle Property Kingston with offers due June 21.
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McCallum, an organic-style country homestead at Michelago for sale

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A Werribee two bedroom unit overlooking the Werribee River has been recently sold at $332,000 by mortgagees.
It was sold by Mitchell Bourchier and Wesley Norris from Barry Plant Werribee. 
It sold at $140,000 in 2014. The subsequent development approval was priced at $284,000.
<a href="https://www.realestate.com.au/sold/property-unit-vic-werribee-128239602" target="_blank">The 2/22 Golden Avenue </a>unit comes with two large bedrooms, good sized formal living zone, open plan living and dining room, as well as single lock up garage.
Situated on a central allotment, it is 1.5 kilometres to Werribee Train Station, city centre and shops, local schools as well as being only minutes away from Pacific Werribee shopping centre.
The suburb's median unit price sits on $345,000, according to CoreLogic. 
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Werribee two bedroom unit sold by mortgagee

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Hyfield, a cropping property in Western Australia's Kojonup, has been sold for more than $25 million by the wheatbelt farming operations Giovi Ltd, formerly Wellard Agri Ltd.
Situated in the heart of the Great Southern with frontage to Albany Highway and Katanning-Kojonup main road, it consisted of <a href="https://www.realestate.com.au/sold/property-cropping-wa-kojonup-7933170" target="_blank">three properties</a>.
<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/2018/6/8/HYFIELD%202.jpg" alt="">
Hyfield, a 2534 ha holding; Crossburn, a 2717 ha holding plus Yaralla, a 2581 ha holding were listed through Ray White Rural WA.
The properties are located within the Golden Triangle which developed its reputation from its late 1830s settlement due to its location, reliable rainfall, soft summers, excellent mixed soils on gently undulating well-drained hills.
<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/2018/6/8/HYFIELD%203.jpg" alt="">
Of the 7831ha, 78 per cent is considered arable. 
The cropping program in recent years has comprised Calingiri, Mace and Spelt wheats, Bass barley, Bannister oats and canola varieties. 
The aggregation has reportedly had a sound fertiliser history since it was acquired by Wellard in 2008.
<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/2018/6/8/HYFIELD%204.jpg" alt="">
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Hyfield cropping property Kojonup sells for $25 million plus

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GUEST OBSERVATION
If not for the public’s generosity, the iconic Statue of Liberty might not have the solid and impressive footing she does today. In the late 1800s, government funds for the monument were exhausted. Yet through a fundraising campaign, the New York World newspaper garnered support from over 160,000 residents to cover the pedestal costs.
Just as large monuments need solid bases to ensure their long-term existence, so too does the environment. In the case of nature conservation, it requires money to support diverse research projects, on-ground activities, and outreach aimed at protecting and managing species and habitats.
While the health of the environment continues to decline globally, in most regions government funding falls short of what is required to stem the losses. Crowdfunding plays an important and under-appreciated role for biodiversity conservation.
Our new research presents a global analysis of how crowdfunding, still a relatively novel and minor financial mechanism in the conservation community, is contributing to conservation around the world.
Show me the money. What’s being funded and why?
Crowdfunding offers a powerful mechanism for mobilising resources for conservation across borders. We recorded 577 conservation-oriented projects (from 72 crowdfunding platforms), which have raised around US$4.8 million since 2009. The people leading these projects were based in 38 countries, but projects took place across 80 countries.
This pattern has important implications for conservation, because there is often a mismatch between high-priority areas for global conservation and countries with the greatest financial and technical capacity. For instance, we discovered that a third of the projects were delivered in different countries to where their proponents were based. The USA, UK and Australia were the countries with the highest outflow of projects (“project exporters”). Indonesia, South Africa, Costa Rica and Mexico had the highest inflow (“project importers”).
<iframe src="https://greenfirescience.carto.com/builder/c1a70aca-e978-4db7-8e1b-063a590dccf9/embed" frameborder="0" width="100%" height="520"></iframe>Global distribution of crowdfunding for biodiversity conservation: countries where relevant platforms are based, countries where proponents of projects are hosted, and countries where projects are delivered. (Interactive map generated using CARTO)
Crowdfunding could be supporting conservation work of actors that do not have as much capacity for raising funds.
The people leading projects were primarily from non-governmental organisations (35%) or universities (30%), or were freelancers (26%). Importantly, among non-governmental organisations, we discovered organisations operating at sub-national levels proposed a majority of projects.
Additionally, crowdfunding for conservation is not all about research. While most of the projects we reviewed focused on research (40%), many tackled raising awareness of conservation-related issues (31%) or boots-on-the-ground activities (21%). This expands the sphere of anecdotal evidence and commentary about crowdfunding related to conservation, which has so far revolved around research. For the first time, we’ve systematically unpacked how these funds are being used for additional activities to support conservation.
Crowdfunding can also support innovative projects that traditional funding agencies deem too risky or unconventional. For example, one project supported buying and training two Maremma sheepdogs to protect penguins against predatory foxes in southeastern Australia. (That might sound familiar to those who’ve seen the movie Oddball.)
Such opportunities for innovation can have important consequences for conservation worldwide; crowdfunding could be considered an incubator for novel ideas before widespread dissemination.
More than half of the projects we recorded (around 58%) largely focused on species. These included a disproportionate number of threatened bird and mammal species.
Prominent projects to save orange-bellied parrots or Papua New Guinea’s endangered tree kangaroos are important success stories.
This is not to underplay crowdfunding’s importance for ecosystems – whether land-based (20%), marine (9%) or freshwater (4%). Crowfunding is supporting projects ranging from protection of wilderness areas in remote Tasmania to research informing the conservation of the Californian coast.
Crowdfunding benefits extend beyond dollars and cents
The amount of money for conservation via crowdfunding has so far been relatively modest compared to more traditional conservation finance mechanisms. However, the benefits of crowdfunding extend well beyond dollars and cents. Crowdfunding helps communicate environmental issues and empower researchers and communities.
The figure below shows the reach of a single tweet during the Big Roo Count campaign. It shows how conservation-related messages can spread widely and engage communities via social media.
<img src="https://images.theconversation.com/files/220580/original/file-20180528-80640-1fmpk6j.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Example tweet (1777 tweets, 512 users) network during the Big Roo Count crowdfunding campaign. Stuart Palmer
Crowdfunding is an exciting new tool in the conservation toolbox. But, ultimately, traditional funding sources, like government agencies, still have a major role and duty to invest adequately in environmental protection and nature conservation. Considering the current extinction crisis, governments must avoid further outsourcing of such responsibilities.
<img src="https://images.theconversation.com/files/220560/original/file-20180528-51115-1cctcjc.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Examples of conservation projects supported through crowdfunding.
The discussion over novel sources and recipients of conservation funding continues. At the same time, transparency and oversight remain critical for managing expectations and overall effectiveness of funding. Crowdfunding contributes one more building block to democratising conservation funding and increasing transparency.
Eduardo Gallo-Cajiao, PhD Candidate, The University of Queensland
Carla Archibald, PhD Candidate, Conservation Science, The University of Queensland
Euan Ritchie, Associate Professor in Wildlife Ecology and Conservation, Centre for Integrative Ecology, School of Life &amp; Environmental Sciences, Deakin University
Rachel Friedman, PhD Candidate, The University of Queensland
Richard Fuller, Professor in Biodiversity and Conservation, The University of Queensland
Rochelle Steven, Postdoctoral Researcher, The University of Queensland
Tiffany Morrison, Principal Research Fellow, ARC Centre of Excellence for Coral Reef Studies, James Cook University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/crowdfunded-campaigns-are-conserving-the-earths-environment-97312" target="_blank">original article</a>.
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Crowdfunded campaigns are conserving the Earth’s environment

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GUEST OBSERVATION
Late on Wednesday night the so-called “brumby bill” was passed without amendment in the New South Wales Parliament. The controversial Coalition bill, supported by the Christian Democrats and the Shooters, Fishers and Farmers Party, means that feral horses must be kept in Kosciuszko National Park.
It also creates a community advisory panel, with no scientific experts appointed, to advise the minister on how to manage the horse population in the alpine ecosystem.
The NSW government has attracted accusations of a conflict of interest. Former Nationals member Peter Cochran, who now runs a commercial venture offering brumbie-spotting rides through the National Park (and who has donated extensively to Deputy Premier John Barilaro) reportedly commissioned lawyers to draft the bill. Peter Cochran, John Barilaro and Gladys Berejiklian have denied all accusations of conflict of interest and underhanded conduct.
The bill has also been criticised by scientific bodies. In a letter to NSW Premier Gladys Berejiklian this week, the Australian Academy of Science noted that the legislation removes consideration of scientific advice, and called for the bill to be withdrawn or substantially amended.
In a rare move, the International Union for the Conservation of Nature has also written to the NSW government, expressing concern over the potential degradation of this internationally significant national park.
<img src="https://images.theconversation.com/files/222112/original/file-20180607-137285-1izt88d.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Damage caused by feral horses in the Australian alps. D Thompson and Stuart Rowland, Friends of Currango/Flickr
Out of step with other states
The NSW Labor Party does not support the bill and has pledged to repeal the legislation if elected next March. The legislation represents a radical change in NSW’s management of feral horses, coming after a 2016 draft strategy that recommenced reducing their population by 90% over 20 years.
NSW now stands in contrast to other Australian states. Last Saturday, Victoria launched its Feral Horse Strategic Action Plan. That plan aims to protect native species and ecosystems in national parks by removing or controlling feral horses and is a welcome step in the right direction. Victorian environment minister Lily D’Ambrosio called on the NSW and federal governments to support a unified approach to feral horse management in Australia’s alpine regions.
Is culling in or out?
The Victorian plan excludes aerial culling but will revisit horse control methods if the proposed trapping methods don’t reduce environmental impacts. Aerial culling is widely practised throughout Australia, including Western Australia, the Northern Territory, Queensland (where culling was used to improve road safety), and the Australian Capital Territory, which borders Kosciuszko National Park.
Barilaro argued against aerial culling when he presented the Brumby bill to parliament, calling it cruel and barbaric. He reiterated that the bill is meant to prevent lethal control in his response to Victoria’s announcement. But surprisingly, the draft legislation makes no mention of control methods, lethal or otherwise.
The deputy premier also referred to the Guy Fawkes National Park horse cull in northern NSW in 2000 to support his argument against aerial culling. But an independent enquiry found that the cull was an appropriate humane response to the situation, where horses were starving to death and causing environmental damage after a fire. The RSPCA and independent reports show that aerial culling is an acceptable and humane way to manage horse numbers.
Further, the brumby bill now locks in the predictable outcome that thousands of horses are likely to starve to death in the next drought or after large fires. It is therefore puzzling that actions likely to increase horse suffering are not of great concern to many within the pro-brumby lobby.
Greater emphasis, instead, has been put on a cultural argument for protecting feral horses: for example, by claiming that feral horses made enormous contributions to Australia’s World War One effort. However, the cultural heritage report prepared for the NSW National Parks Service says “there is no definitive evidence that remount horses were directly taken from the brumby population of what is now Kosciusko National Park”.
The Sydney Olympics opening ceremony was also offered as evidence that brumbies are integral to Australian culture. However, Australian Stock horses, not brumbies, were showcased at the Sydney Olympics – a distinct breed, established by horse enthusiasts in the 1970s.
That said, it is true that horses in the snowy mountains do have local cultural value. But so too does the native fauna and flora threatened by feral horses, many of which only occur in Australia’s high country. This includes species such as the southern corroboree frog, alpine she-oak skink, broad-toothed rat, Raleigh sedge and mauve burr-daisy.
Can we compromise?
Is a compromise possible, in which both cultural and conservation goals can be accommodated? We think so. The feral horse population can be removed from the national parks and sensitive ecosystems. Brumby herds can thrive on extensive private property in the region, an approach already proven in South Australia’s Coffin Bay National Park.
The brumby bill was written and presented to parliament by groups with at best a perceived conflict of interest, and promoted by using inaccurate information about culling and heritage. It has been roundly criticised by leading national and international scientific bodies for not taking adequate account of science and the key role of national parks in conserving biodiversity.
<img src="https://counter.theconversation.com/content/97920/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">That this bill has now passed the NSW upper house is a further backward step for conservation goals and Australia’s international reputation for environmental protection, and sets a dangerous precedent by undermining prominent national and state environmental policy. It remains to be seen how this legislation aligns with the federal Environment Protection and Biodiversity Conservation Act, given that it literally tramples over several matters of national environmental significance.
Don Driscoll, Professor in Terrestrial Ecology, Deakin University
Euan Ritchie, Associate Professor in Wildlife Ecology and Conservation, Centre for Integrative Ecology, School of Life &amp; Environmental Sciences, Deakin University
Tim Doherty, Research Fellow, Deakin University
This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/passing-the-brumby-bill-is-a-backward-step-for-environmental-protection-in-australia-97920">original article</a>.
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Passing the brumby bill is a backward step for environmental protection in Australia

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Geoff and Dalrae Shaw’s versatile Rockhampton district property Comanche has been sold $15.7 million.
It was bought by the Canberra-based, Rural Fund Management.
<a href="https://www.realestate.com.au/sold/property-mixed+farming-qld-glenroy-7957726" target="_blank">Comanche</a> was marketed by Mark Simpson at Ray White Rural and Ray Taylor at Landmark Harcourts.
Bidding kicked off at $11 million from the eight registered bidders.  
Located in the Glenroy district 86 kilometres west of Rockhampton, the 7599 hectare (18,778 acre) freehold property has a 9 kilometres frontage to the Fitzroy River, with a water allocation.
Comanche country is described as a mixture of frost free softwood, brigalow and belah scrub and alluvial river flats.
Rockhampton has been pinpointed as the FIFO hub for the proposed Adani Carmichael mine.
It is reported that approximately 1,100 FIFO workers are to be located in the Rockhampton region for the two year construction period.
Post construction, this workforce is expected to be reduced to approximately 625.
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Rural Fund Management buy Rockhampton farm Comanche

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Moody's Investors Service says that Sympli, the joint venture between ASX Limited and InfoTrack - a wholly owned subsidiary of Australian Technology Innovators Pty Limited - will, subject to regulatory approval, provide the first seamless and fully integrated solution for online conveyancing services in Australia. 
"The venture will not just rival PEXA, the current sole electronic lodgement network operator in the country, but will become the first company in Australia to replace the whole paper-based property settlement process with digital services," says Shawn Xiong, a Moody's Analyst. 
Moody's explains that while PEXA currently monopolizes the last settlement stage of the conveyancing process, the InfoTrack-ASX venture will provide digital services for the entire conveyancing process. 
Over the next two years, Moody's expects that the move online will mostly benefit PEXA because of its first-mover advantage. 
But Sympli will benefit from InfoTrack's existing market position and relationships in the Australian conveyancing market, as well as its legal and technological capabilities, particularly its smart contract technology.
This situation, combined with ASX's significant experience and existing infrastructure in providing integrated electronic settlement services, will create a one-stop solution for industry practitioners.
"As a result, Sympli should win market share over time," Moody's concluded
The shift to electronic from paper-based settlements in the Australian conveyancing industry presented an unprecedented opportunity for digital-based property services providers such as the InfoTrack-ASX venture, adds Xiong. 
Moody's analysis is contained in its recent report Property Services — Australia: InfoTrack and ASX venture to drive competition in electronic property services.
It was co-authored by Xiong with Trung Vu, a Moody's Associate Analyst. 
ASX and InfoTrack announced the establishment of Sympli, a 50:50 joint venture that will provide electronic property settlement services likely starting at the end of 2018. 
<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/2018/6/8/MOODYS%201.jpg" alt="">
Moody's points out that the property services industry is fragmented, with industry players serving only parts of the conveyancing process. 
Meanwhile, most state governments — including Western Australia (WA), New South Wales (NSW), South Australia and Victoria (VIC) — have committed to transitioning the property industry to a paperless environment.
And, mandates are in place in WA, NSW and VIC to push all transactions online by December 2017, July and August 2019, respectively. 
<a href="https://www.propertyobserver.com.au/images/2018/6/8/MOODYS%202.jpg" target="_blank">Click here to enlarge:</a>
<a href="https://www.propertyobserver.com.au/images/2018/6/8/MOODYS%202.jpg" target="_blank" style="font-size: 12.16px;"> </a><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/2018/6/8/MOODYS%202.jpg" alt="" style="font-size: 12.16px;">
Moody's says that service providers with a large reliance on traditional information brokerage and manual property settlements — such as SAI Global Holdings — will likely struggle to grow in light of the new competition.
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Moody's praises Sympli, the new online conveyancing service

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Unibail-Rodamco has completed the acquisition of Westfield.
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Unibail-Rodamco-Westfield combines two of the strongest and most respected names in the real estate industry to build on their legacies.
With a portfolio valued at €62 billion, of which 88 percent is in retail, seven percent in offices and six percent in convention and exhibition venues.
Unibail-Rodamco-Westfield owns and operates 102 shopping centres in 13 countries, of which 56 are flagships in the most dynamic cities in Europe and in the United States.
Its centres welcome 1.2 billion visits per year.
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The $32 billion takeover of Frank Lowy's retail landlord giant Westfield only ever faced mooted opposition.
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Under the headline, Macquarie Capital buddies up to Unibail-Rodamco, the Australian Financial Review fleetingly noted that Macquarie Capital was the latest investment bank to pick up consultancy fees in Australia's biggest ever takeover.
After Unibail-Rodamco's $32 billion cash and scrip bid for Westfield Group, sources told the AFR's Street Talk said the Paris-headquartered Unibail "hauled in" Macquarie's bankers to help with elements of the "deal execution", helping Unibail manage its foreign currency risk. 
Macquarie was the latest in a long list of banks to secure a place on Unibail's side of the deal ticket. 
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<div>Goldman Sachs and Deutsche Bank were first there, while others involved include Morgan Stanley, JPMorgan and Bank of America Merrill Lynch.</div>
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<div>All up advisory fees on the deal topped $US100 million. </div>
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A byproduct of Macquarie's role was that its real estate research analysts, spearheaded by Rob Freeman, were placed on restriction effective mid-takeover consideration. 
Macquarie Equity's team equities research team was one of the few that initially did not hold back. 
Macquarie noted while the transaction had strategic merit, but needed financial merit.
"We do not believe the current terms are compelling enough for WFD unitholders," it fleetingly suggested before the clamp came. 
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<div>But no higher offer ever emerged.</div>
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<div>The transaction had been unanimously recommended by Westfield's board as well as Unibail-Rodamco's management board and supervisory board</div>
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<div>Under the terms of the offer, Westfield shareholders will receive 0.01844 Unibail shares and $US2.67 for every Westfield security they hold. 
<div>
Unibail initial terms were handing over cash worth $US5.6 billion to Westfield securityholders, as well as 38.7 million of its own shares. 
Taking into account exchange rates and share price movements, the pocketed offer was less than the $10.01 when the deal was announced in December. 
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Unibail-Rodamco completes the acquisition of Westfield

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The body of evidence against the foreign investor tax increase expected in next week’s State Budget continues to grow, according to Queensland’s property industry. 
New research from the AEC Group, commissioned by the Property Council, has estimated that the decline in foreign investment in Queensland since the Government introduced an additional foreign investment tax in 2016, has equated to a decrease in Gross State Product of between $2.4 billion and $3.9 billion.  
The analysis indicates that the revenue expected to have been collected through the foreign investor tax equated to less than 1% of the overseas economic contribution Queensland lost between 2015-16 and 2016-17.
“It is clear that reduced foreign investor interest in Queensland has cost the state far more than the revenue raised through this foreign investor tax,” Property Council Queensland Executive Director, Chris Mountford, said.
“Regrettably we are still seeing the Government pursue short-sighted tax increases without adequately considering the long term consequences.”
“We certainly acknowledge that the State Government’s tax increase is not the only factor that has reduced the flow of foreign investment to Queensland. But it has played a big part, and it is a factor that is entirely in the control of the State Government.”
“The data shows the State Government has kicked a significant fiscal and economic ‘own goal’," Mountford said.
The State  Government intends to increase the stamp duty surcharge on foreign buyers of residential property from 3% to 7% of the purchase price from 1 July 2018.
 
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Foreigners' property tax is Queensland Government's own goal 

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Joel Robinson

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

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[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

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Vitale breaks Byron Bay records with EADE sales flurry 

When buying an apartment, most people compare the big-ticket items first. Floorplans. Kitchens. Balcony size. Natural light. The view.

But there's one everyday consideration that often doesn't come up until after moving in: how parcels are delivered.

As online shopping has become part of everyday life, parcel deliveries have shifted from an occasional event to a regular occurrence. Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally.

For apartment residents, that can present a challenge.

If nobody is home to accept a delivery, parcels may be redirected to a nearby Post Office, left in a building lobby or common area, or require building management to step in. In higher-density buildings, where dozens or even hundreds of residents may receive deliveries each day, parcel management has become an increasingly important part of everyday living.

That can create a range of frustrations. A missed delivery often means making time to collect a parcel elsewhere, while packages left unattended in foyers or mail areas can create clutter and increase the risk of theft. What seems like a minor inconvenience can quickly become a recurring issue for residents who shop online regularly.

It's one of those details that rarely features in a display suite but can have a noticeable impact once residents move in.

As a result, buyers are beginning to look beyond traditional apartment features and consider how a building supports day-to-day convenience, including whether there are secure options for receiving deliveries.

Australia Post's Parcel Lockers provide one solution.

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Rather than having a parcel delivered directly to an apartment, eligible deliveries can be sent to a nominated Parcel Locker. Once the parcel arrives, residents receive a notification through the AusPost app or SMS and can collect it using a QR code or one-time PIN at a time that suits them.

The Parcel Locker network now includes more than 1,500 locations nationwide, with installations at Post Offices, shopping centres, transport hubs and an increasing number of residential developments. By providing a secure collection point, Parcel Lockers help reduce missed deliveries and avoid parcels being left unattended in common areas.

For developers, parcel infrastructure is becoming another way to improve the resident experience. Rather than relying on concierge staff or leaving parcels in communal spaces, secure collection points help streamline deliveries while preserving the presentation and functionality of shared areas.

For buyers, it's a reminder that the best apartment features aren't always the most obvious.

A generous floorplan or quality finishes might help narrow the shortlist, but the conveniences that simplify everyday life, whether that's EV charging, secure bike storage or reliable parcel delivery, often become the features residents appreciate most once they're living there.

The apartment feature many buyers don't think about, until their first missed delivery

<a href="https://www.apartments.com.au/developers/hg-developments">HG Developments</a> is doubling down on Maud Street in Newstead, filing plans for a new apartment tower just a few doors down from its under-construction Aire Newstead development.

Recently submitted to Brisbane City Council, the proposal is for an 18-storey building designed by bureau^proberts, which has drawn heavily on Brisbane's subtropical design principles while referencing the suburb's industrial heritage.

A total of 64 apartments are planned for the amalgamated 1,518 sqm site at <a href="https://www.apartments.com.au/new-apartments/17-21-maud-street-newstead-qld-4006">17–21 Maud Street</a>, a short walk from the Brisbane River and Newstead Riverwalk.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="a400c7fd-bd15-48f8-a63b-10ede92efe00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20bldg.png?VersionId=.0vPmjpbC7CNP7kqGWa6L7rGIwsNExaw" />

"The building is defined by a series of vaulted motifs that reinterpret the arches, colonnades and layered facades evident throughout Newstead's historic built fabric," the Urban Design Report states.

"Combined with recessed glazing and generous balconies, these elements create a layered building envelope that provides shade, weather protection and opportunities for natural ventilation whilst establishing a distinctive architectural identity."

The proposal comprises 64 two, three and four-bedroom apartments across 18 residential levels, positioning it alongside a growing number of taller residential projects transforming Newstead's northern precinct. The tower incorporates extensive subtropical landscaping, with cascading planter boxes, deep planting at street level and a landscaped rooftop recreation area.

<img alt="First look: HG Developments plans 18-storey subtropical apartment tower for Newstead" data-entity-type="file" data-entity-uuid="1d8140f4-8b98-45cd-b1b8-1efe8c8e266b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20st%20podium.png?VersionId=VAZtbCoD44YCJ57N99fQCAKeSJx7ldZs" />

Bureau Proberts has prioritised passive environmental design throughout the project, with generous balconies, recessed glazing and operable façades helping reduce solar heat gain while maximising natural ventilation. River views become available from the upper levels, while the building has been orientated to capture prevailing breezes from both the Brisbane River and the west.

The architects say landscape is intended to be integral to the building rather than an applied element.

"Vertical greenery, cascading planter boxes and elevated gardens are woven throughout the architecture, softening the built form and strengthening the connection between residents and the subtropical environment."

"Through the integration of landscape, high-quality materials and passive design principles, the development delivers a refined residential address that celebrates Newstead's heritage character while contributing positively to Brisbane's evolving subtropical identity."

Newstead has remained one of Brisbane's most active apartment markets in recent years, with a number of developers continuing to back the inner-city suburb.

HG Developments is currently delivering the 40-apartment Aire Newstead at 25 Maud Street. Fortis recently launched the 65-apartment <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> on Kyabra Street, while builder-developer BPG and Don O'Rorke's Consolidated Properties are both expected to launch their respective Newstead projects before the end of the year.

HG Developments doubles down in Newstead with second Maud Street apartment development

Walk past a new apartment development promoting its sustainability credentials and it's easy to picture rooftop gardens, mature trees, landscaped courtyards and residents surrounded by nature.

But in many cases, that's not actually what those sustainability ratings guarantee.

Australia's leading environmental rating tools have played a significant role in improving the energy efficiency and environmental performance of buildings. Yet despite their focus on reducing emissions, many don't require developers to include trees, biodiversity or meaningful green space.

In other words, a building can achieve one of the country's highest sustainability ratings while containing little more than concrete, glass and hard landscaping.

That disconnect has led to the emergence of a new movement across Australia's property industry: nature-based cities.

The concept goes beyond designing buildings that consume less energy. Instead, it encourages developers to treat nature as essential infrastructure, integrating biodiversity, tree canopy, living landscapes and green spaces into projects from the earliest stages of planning.

Research has consistently linked access to nature with better physical and mental health, cooler neighbourhoods, improved biodiversity, stronger climate resilience and more connected communities. As Australia's cities continue to become denser, advocates say those outcomes should be considered just as important as energy efficiency.

Nature Based Cities (NBC) was established in 2022 to help accelerate that shift.

Founded by Hamton Executive Chairman Paul Hameister OAM, the not-for-profit was created after research highlighted a significant gap in Australia's sustainability framework. While existing environmental rating tools rewarded energy performance and emissions reductions, they placed little emphasis on the inclusion of living landscapes.

"We've always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren't there," Hameister says.

"In Australia, you can have a five-green-star rated building that's concrete and glass with not a blade of grass.

"The focus is on reducing emissions, which is laudable, but there hasn't been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities."

Since its launch, NBC has developed independent design guidelines and accreditation frameworks that encourage developers to prioritise ecology, biodiversity, tree canopy, walkability and living landscapes alongside traditional sustainability measures. The organisation first focused on medium and high-density residential developments before recently expanding into precinct-scale communities and masterplanned neighbourhoods.

Jan Talacko, founder of sustainability consultancy Ark Resources and a member of the Nature Based Cities Advisory Council, says the initiative addresses an area that has largely been overlooked by the property industry.

"Throughout my 25 years of working collaboratively with all stakeholders in the property sector, I've always favoured a pragmatic approach to sustainable design which encourages initiatives that not only meet environmental expectations but also improve amenity," Talacko says.

"Whilst we are making steady progress in relation to energy and carbon emissions from buildings, there has been much less emphasis on encouraging biodiversity and tackling the urban heat island effect.

"The Nature Based Cities initiative responds to a gap in the suite of tools currently used by the property development sector, which don't provide sufficient incentive, or recognition, for the integration of landscaping and greenery."

For apartment buyers, the shift is also changing the questions worth asking.

Rather than assuming a sustainable building will naturally include abundant green space, buyers are increasingly being encouraged to look beyond environmental ratings and ask what nature is actually being delivered. How much tree canopy will the development create? Has biodiversity been considered? Are landscaped spaces designed for people as well as appearance?

As Australia's cities continue to grow upwards and outwards, the next generation of sustainability may not simply be measured by lower emissions, but by how successfully developments bring nature back into everyday urban life.

Staff reporter

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