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<p>The real estate group, McGrath Estate Agents, has reaffirmed its commitment to the Illawarra region announcing the opening of a new office in Thirroul.</p>
<p>It is under the auspices of its longtime franchise partner, the McCarthy/Sutherland Shire &amp; Illawarra Group led by Patrick McCarthy.</p>
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<p>John McGrath said McCarthy and his team had established their south coast market presence over eighteen months ago.</p>
<p>"So opening in Thirroul will be a value-add to their community of buyers and sellers alike.</p>
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<p>“Thirroul itself offers low density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity, and its proximity to Sydney and the regional cities of Wollongong and Canberra,” Mr McGrath added.</p>
<p>Last December Jeremy Hodder, joined the group and will now be partnering with Vanessa Denison-Pender, former director of One Agency Thirroul, to open the new office.</p>
<p>Vanessa has been in the industry for 17 years and has been a principal in the area for eight years. </p>
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<p>Mr Hodder believes that the affordability of the area is particularly attractive and in reach of first home buyers and empty nesters as well as the WFH commuter.</p>
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<p>McGrath Thirroul speciality suburbs include Thirroul, Austinmer, Wombarra, East Corrimal, Coledale, Towradgi, and Bulli.</p>
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<p>“The out of area migration from Sydney is becoming increasingly popular," Vanessa said.</p>
<p>Thirroul is only 80kms from the south of Sydney and many more people are becoming comfortable with this commute to put themselves in a better financial position.</p>
<p>“Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes”.</p>
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<p>With an average median house price for Thirroul is $1,225,000; Vanessa Denison-Pinder has achieved some sales results in the last six months including: </p>
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<p>11 The Grove Austinmer – A street record for a 4 bedroom home sold for $2,925,000</p>
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<p>21 The Grove Austinmer – A 3 bedroom home sold for $1,600,000</p>
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<p>28 The Waves Thirroul – A street record for a 5 bedroom home sold for $1,465,000</p>
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<p>686 Lawrence Hargrave Drive, Coldale – A Beachfront 4 bedroom home sold for $2,410,000</p>
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<p>Recent sales by Jeremy in the last six months include: </p>
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<p>10a Toxteth Avenue, Austinmer – Brand new 3 Bedroom home sold for $2,350,000</p>
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<p>3 The Breakers, Thirroul – A 4 bedroom home sold for $2,325,000</p>
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<p>347-349 Lawrence Hargrave Drive, Clifton – Set a new suburb record for Clifton sold for $3,375,000</p>
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McGrath expands Illawarra footprint with an office in Thirroul

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<p><strong>Expert Observation by Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital</strong></p>
<p><strong>Introduction</strong></p>
<p><span>This economic and fiscal update is the first since December</span><span>’s </span><span>Mid-Year Economic and Fiscal Outlook when budget surpluses looked just around the corner. Since then things have changed dramatically due to the hit from coronavirus and necessary support measures from the Government.</span></p>
<p><strong>Policy stimulus</strong></p>
<p><span>The statement provided no new policy stimulus measures beyond those that have been announced in the last two weeks:</span></p>
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<p><span>$2bn in spending on subsidies for apprentices &amp; JobTrainer;</span></p>
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<li>An estimated $16bn to extend JobKeeper to March next year but with payments stepping down to $1200 and then $1000 a fortnight for those who worked 20 hours or more per week in February and to $750 and then $650 for others and businesses having to meet the turnover reduction test at the end of the September and December quarters to keep receiving it; and</li>
<li>An estimated $3.8bn to extend the JobSeeker Supplement to December at the pared back rate of $250 a fortnight.</li>
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<p>This additional $22bn in spending along with prior coronavirus- related economic support (in the form of actual spending, tax breaks and health measures) takes the COVID-19 response package to nearly $174bn. JobKeeper is the main element in this, but it also includes the JobSeeker supplement, payments to businesses and payments to eligible households. There is also loans &amp; guarantee support (from the government and RBA) worth $125bn or just over 6% of GDP.</p>
<p>Proposals to bring forward the tax cuts and provide additional investment incentives look to have been pushed out to the October budget and additional industry support packages are also likely. The Government may have delayed this extra stimulus to gauge how much additional help will be required with a lot riding on how quickly the latest outbreak of coronavirus is brought back under control. Spreading out the announcement of new stimulus measures may also get more bang for the buck in terms of the boost to confidence. </p>
<p><strong>Economic assumptions </strong></p>
<p>The Government is forecasting the economy to contract this financial year by -2.5 per cent, its biggest financial year contraction since 1946-47. But this masks a "record" -7 per cent contraction in June quarter GDP and a gradual recovery from the second half of this year. The Government is a bit more optimistic than we are in terms of economic growth and unemployment. </p>
<p><img src="https://www.urban.com.au/images/2020/7/24/27_Economic%20Assumptions.png" alt=""></p>
<p><strong>Budget deficit projections </strong></p>
<p>The Government's revised budget projections and our own are shown below. These should be treated with greater than normal caution given the uncertain economic outlook. </p>
<p><img src="https://www.urban.com.au/images/2020/7/24/27_Budgets.png" alt=""></p>
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<p><span>The hit to the economy and hence revenue and expenditure since the Mid-Year Economic and Fiscal Outlook last December is huge at $72bn for this financial year and is shown in the line called </span><span>“parameter changes”</span><span>. It should gradually start to diminish as the economy recovers. Policy stimulus (mainly due to the coronavirus response but also other things) since last December is shown in the line labelled </span><span>“</span><span>Total </span><span>stimulus”.</span></p>
<p><span>As a result of </span><span>the Government’s fiscal response </span><span>and the hit to revenue from the economic downturn, the Government projects the budget deficit to further blow out from around $86bn for the past financial year to a record $184.5bn this financial year.</span></p>
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<p><span>While it does not provide projections beyond this financial year the implication is that the deficit will decline in future years as support programs phase down and the economy recovers. On the Governme</span><span>nt’s projections t</span><span>his would see the budget deficit as a share of GDP peak at around 9.7% of GDP in 2020-21, which would be its highest since World War 2. We continue to see a bigger deficit for this financial year of around $220bn reflecting both a bigger hit to revenue and additional stimulus of around $17bn to be announced in the months ahead, including in the October budget. This is likely to include the bring forward of the 2022 tax cuts, more investment incentives and more industry support programs. The budget deficit blow-out will add about 20 per cent of GDP to public debt out to 2022. </span></p>
<p><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/2020/7/24/27_Deficit%20.jpg" alt=""></p>
<p><strong>Assessment</strong></p>
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<p><span>The additional $22bn in stimulus announced over the last two weeks is welcome and will help turn the fiscal cliff in October into a fiscal slope. The boost to stimulus announced in the last two weeks takes Australia</span><span>’s total level of </span><span>coronavirus related fiscal stimulus (excluding loans and guarantees) this year up to 8.7% of GDP, which is well and truly at the high end of comparable countries. This should aid the economic recovery.</span></p>
<p><span><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/2020/7/24/27_4.jpg" alt=""></span></p>
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<p><span>However, </span><span>it’s </span><span>doubtful that this will be enough given the long tail of unemployment flowing from the coronavirus shock. We estimate that were it not for JobKeeper and people leaving the workforce the effective unemployment rate would currently be 11.3%, which is well above the official measured rate of 7.4%. This has fallen from 14.8% in April thanks to the reopening of the economy, but with the threat to the recovery posed by the second wave of cases in Victoria and the lockdown in Melbourne and the risk of a flow on to NSW, effective unemployment may only fall to around 10% or so by September and maybe 9% or more going into next year, so continued income support is essential. The Government</span><span>’s </span><span>focus now shifts to economic reforms in the October budget and this is likely to include even more fiscal support, as noted earlier.</span></p>
<p><span>Our assessment remains that the blow out in the budget deficit is affordable. First, </span><span>it’s </span><span>absolutely necessary as were it not for the support measures the economic hit would be far greater.</span></p>
<p><span>Second, it makes sense for the public sector to borrow from households and businesses at a time when they have cut their spending, and to give the borrowed funds to help those businesses and individuals that need help.</span></p>
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<p><span>Third, the support programs are targeted at current needs so </span><span>shouldn’t lead to </span><span>permanently higher government spending.</span></p>
<p><span>Fourth</span><span>, Australia’s </span><span>starting point for net public debt last year was low at 23% of GDP compared with other advanced countries averaging 83%. See the next chart. And even with </span>projected budget deficits it will remain relatively small.</p>
<p><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/2020/7/24/27_5.jpg" alt=""></p>
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<p><span>Fifth, borrowing to finance the budget deficit is in Australian dollars and we are not dependent on foreign creditors, so we </span><span>are not vulnerable to a “foreign currency crisis</span><span>.</span><span>”</span></p>
<p><span>Finally, the cost of Government borrowing is very low at around 0.85% for ten years and 0.25% for three years.</span></p>
<p><strong>Implications for the RBA</strong></p>
<p><span>Ongoing Government support for households and businesses is not enough to change our assessment that the RBA will need to keep cash rate near zero for years ahead and possibly need to undertake more quantitative easing in the face of ongoing spare capacity in the economy and below target inflation.</span></p>
<p><strong>Implications for Australian assets</strong></p>
<p><span>Cash and term deposits </span><span>– </span><span>with the cash rate unlikely to rise from 0.25% for years, returns from cash and bank term deposits will remain low for a long time to come. That said the budget stimulus and increase in money supply holds out at the prospect that at some point inflation and interest rates will rise. But it</span><span>’</span><span>s probably at least three years away.</span></p>
<p><strong>Bonds </strong><span>– </span><span>the surge in public debt and bond supply would all other things being equal, point to higher bond yields, but this is offset by massive spare capacity, low private sector borrowing, very low inflation and the cash rate capped at 0.25% for years it</span><span>’</span><span>s hard to see a lot of upside in bonds yields. That said, if coronavirus comes under control it</span><span>’</span><span>s hard to see a lot of downside either so medium-term bond returns are likely to be low.</span></p>
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<p><strong>Shares </strong><span>– </span><span>the addition of extra policy stimulus further helps to offset the hit from coronavirus and adds to confidence that growth will recover which is supportive of shares.</span></p>
<p><strong>Property </strong><span>– </span><span>ongoing income support is continuing to help the property market avoid a sharp fall in home prices but the negatives around high effective unemployment, the weak rental market and the collapse in immigration point to ongoing falls in prices into next year, particularly in Sydney and Melbourne.</span></p>
<p><span><strong>The $A</strong> </span><span>– </span><span>ongoing fiscal stimulus at the high end of comparable countries coming at a time of rising commodity prices and a declining US dollar point to more upside for the $A.</span></p>
<p><strong>Concluding comment</strong></p>
<p><span>With private sector spending hit by coronavirus it makes sense for the Government to continue to help fill the breach and support the economy. The best approach to getting debt back down is to grow the economy aided by a reinvigorated economic reform agenda, but for a while yet government fiscal support will continue to be needed.</span></p>
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Australian economic and fiscal update – record budget deficits, but more to come

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<p>Major construction on the Parramatta Light Rail has started in the Westmead Health Precinct to provide crucial access to one of Australia’s largest health, education and research hubs.</p>
<p>Minister for Transport Andrew Constance said the Parramatta Light Rail will provide ‘turn-up-and-go’ services seven days a week, linking Westmead customers to rail, bus, ferries, and the future Sydney Metro West.</p>
<p>“These world-class health services and facilities will be more accessible than ever, taking the Westmead Health Precinct to the next level,” Mr Constance said.</p>
<p>“The precinct will cater to more than 40,000 full-time staff and 30,000 students by 2036 and building this type of infrastructure will be key to our economic recovery and will help get people back to work, important parts of the NSW Government’s COVID Recovery Plan.</p>
<p>“It’s vital we have strong public transport infrastructure in place to support this growth and deliver this legacy project for future generations.”</p>
<p>Upcoming work includes removing the road surface, replacing underground utilities and rebuilding the road.</p>
<p>Mr Constance said the Westmead Redevelopment project is one of the biggest health infrastructure projects in the state, intended to transform the Westmead Health Precinct and deliver an innovative, integrated facility that will continue to deliver high- quality healthcare for decades to come.</p>
<p>“We recently finalised work to prepare for the light rail in the area with the widening of Hawkesbury Road. These are big changes and we ask for your patience as we undertake significant works to create a connected, revitalised Westmead Health Precinct</p>
<p>The $2.4 billion Parramatta Light Rail will connect Westmead to Carlingford via the Parramatta CBD and Camellia, and is set to open in 2023.</p>
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Light rail taking shape in Westmead

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<p>Dwelling approvals showed a further weakening in June, reaching an 8 year low.</p>
<p>Total dwelling approvals fell 4.9% to be down nearly 20% over the last two months.</p>
<p>The detail showed weakness in the month was more broadly based than May’s unit driven fall.</p>
<p>Private sector unit approvals declined 5.3% mth to be down 23.4% qtr for Q2 as a whole.</p>
<p>Private sector detached house approvals posted a similar sized 5.7% decline in the June month but were more resilient for the quarter as a whole, down just 2.6% qtr.</p>
<p>On a monthly basis, all segments are down materially on a year ago.</p>
<p>All states recorded declines, although they were more pronounced in NSW (–14.8%), WA (–11.7%) and Qld (–10.9%), and more muted in SA (–4.6%) and Vic (–0.2%).</p>
<p>All states have seen double digit declines over May-June.</p>
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National dwelling approvals fall further with NSW hit hardest

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<p class="legacy">GUEST OBSERVER</p>
<p>Australian universities are suffering revenue and job losses due to the current and projected loss of international students. A <a href="https://theconversation.com/australian-universities-could-lose-19-billion-in-the-next-3-years-our-economy-will-suffer-with-them-136251">Mitchell Institute</a> report has estimated the sector may lose up to A$19 billion in the next three years, while modelling from <a href="https://www.smh.com.au/national/universities-urged-to-bring-back-international-students-as-researchers-face-huge-job-losses-20200520-p54usd">Universities Australia</a> shows more than 20,000 jobs are at risk over six months, and more after that.</p>
<p>On April 3, Prime Minister <a href="https://www.pm.gov.au/media/press-conference-australian-parliament-house-act-030420">Scott Morrison said</a> international students in Australia could return home if they could not support themselves. Commentators <a href="https://theconversation.com/covid-19-increases-risk-to-international-students-mental-health-australia-urgently-needs-to-step-up-137596">feared such a flippant attitude</a> would cause Australia to lose its world class reputation if it didn’t come to the aid of international students.</p>
<p>Months of tension with China (the biggest source of Australian university <a href="https://www.propertyobserver.com.au/https://docs.education.gov.au/node/53021">international students</a>, at a third of the total) threatened to further jeopardise our international standing.</p>
<p>On Monday, the Australian <a href="https://www.theguardian.com/australia-news/2020/jul/20/australia-to-restart-granting-visas-to-international-students-to-lift-struggling-university-sector">government announced</a> it will restart granting international student visas and allow current students to count online study while overseas in a push to restart international education.</p>
<p>But how do we compare with some of Australia’s largest competitors?</p>
<p><strong>Closed campuses</strong></p>
<p>Australia imposed a <a href="https://theconversation.edu.au/article-132175">ban on travel</a> from China on February 1, stranding an estimated <a href="https://thepienews.com/news/aus-to-resume-student-visa-processing-among-measures-to-boost-sector/">87,000 students</a> abroad who were due to start their academic year in Australia in March.</p>
<p>By that time it was the middle of the second, or winter, semester for Australia’s big English language competitors in the northern hemisphere: the USA, UK and Canada. Most of these countries’ international students stayed to complete their semester, so universities did not suffer an immediate fall in revenue.</p>
<p>But universities in these countries did incur substantial <a href="https://assets.documentcloud.org/documents/6814099/Outlook-Higher-Education-US-18Mar20-1.pdf">additional costs</a> as many completed the semester by transferring teaching online at short notice.</p>
<p>While online education <a href="https://link.springer.com/chapter/10.1057/978-1-137-54943-3_10">meets similar standards</a> to campus-based education, students prefer face-to-face learning. This is particularly true for international students, who see immersion in a different culture as one of the main benefits of studying overseas.</p>
<p>In May, many <a href="https://www.insidehighered.com/digital-learning/article/2020/05/27/will-active-learning-be-possible-if-colleges-have-physically">US</a> and <a href="https://wonkhe.com/blogs/2020-a-space-and-timetabling-odyssey/">UK</a> universities announced bullish plans to teach their first semester in autumn, starting in September, face-to-face (or mask-to-mask). There were various provisions for plexiglass, physical distancing, masks and regular testing.</p>
<p>But even partial campus reopening plans <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Aren-t-Reopening-in/248803">were never credible</a> in the US when they were announced. Still, many universities in the competitor countries <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Aren-t-Reopening-in/248803">sought to maximise international enrolments</a> by maintaining at least a substantial part of their campuses would be open by September.</p>
<p><strong>The US</strong></p>
<p>US universities no longer seem to be nearly as strong competitors for <a href="https://www.insidehighered.com/news/2020/07/17/rescission-international-student-policy-directive-leaves-unresolved-questions-about">international students</a>. While the number of new COVID-19 cases has bumpily fallen in Australia, Canada and the UK, they have been <a href="https://covid19.who.int/region/amro/country/us">increasing in the US</a>.</p>
<p>When it became clear US universities could not responsibly open their campuses, they started <a href="https://www.educationdive.com/news/colleges-walk-back-their-fall-plans-as-coronavirus-cases-spike/581785/">reversing their announcements</a> of opening fully in September.</p>
<p>By July 20 some 53% of <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Here-s-a-List-of-Colleges-/248626?cid=RCPACKAGE">1,215 US universities surveyed</a> still planned to teach in person in September, 11% planned online education, 32% planned a mix of online and in person education, and 4% were considering a range of scenarios or had not yet decided their education mode.</p>
<p>US President Donald Trump sought to <a href="https://www.educationdive.com/news/trump-administration-amps-up-pressure-to-reopen-colleges/581166/">pressure universities</a> to open fully by making studying at least partly on campus a condition of international students’ visas. He soon reversed that order, but <a href="https://www.educationdive.com/news/colleges-brace-for-another-attempt-at-enrollment-limits-on-foreign-students/581662/">may issue an alternative</a> seeking the same effect.</p>
<p>US attractiveness as an international study destination is likely to be further reduced by the <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Hoped-for-an/249206">instability in universities’ plans</a>, the uncertainty of federal immigration conditions, and continuing restrictions on entry from China and elsewhere.</p>
<p><strong>The United Kingdom</strong></p>
<p>Australian universities are in a much more similar position to UK universities, which are long time and powerful rivals for international students. They are expecting to <a href="https://wonkhe.com/blogs/the-ifs-on-the-covid-19-risk-to-the-sector/">lose substantially</a> from COVID-19’s suppression of international enrolments.</p>
<p><a href="https://theconversation.edu.au/article-138514">Unlike Australia</a>, the UK government has granted <a href="https://www.gov.uk/government/news/government-support-package-for-universities-and-students">universities access to government-backed support</a> such as a job retention scheme which includes short-term contracts, and business loan support.</p>
<p>The UK government has also brought forward teaching payments and block research grants, and increased funds for students in financial difficulty.</p>
<p>Unlike Australia, the UK does not impose international travel restrictions but requires entrants from most countries including China and India to <a href="https://en.wikipedia.org/wiki/Travel_restrictions_related_to_the_COVID-19_pandemic#Europe_3">self-isolate for a fortnight</a> after entry. It will therefore remain a more attractive destination for new students until Australia lifts or at least relaxes its travel restrictions.</p>
<p><strong>Canada</strong></p>
<p>Canadian universities and colleges have some distinct advantages over their competitors for international students. They enjoy considerable financial and other <a href="http://higheredstrategy.com/welcome-to-the-2020s/">support from their national and provincial governments</a>.</p>
<p>While Canada’s average proportion of new COVID-19 cases is similar to Australia’s and the UK’s, these are concentrated in the biggest cities of Toronto, Montreal and their environs. The Atlantic provinces have Tasmanian levels of COVID-19 cases, and some of their universities attract <a href="https://higheredstrategy.com/cape-breton-you-have-to-be-kidding-me/">very high proportions of international students</a>.</p>
<p>Canada’s biggest competitive disadvantage is that while it will admit returning international students, it currently is <a href="https://www.canadavisa.com/coronavirus-covid-19-impact-canada-immigration-visa-border-latest-news#gs.b2clmu">not admitting new students</a> for the foreseeable future.</p>
<p>The Canadian government will grant permits to international students who study online from abroad, and <a href="https://ministers.dese.gov.au/tudge/supporting-international-students-support-australian-jobs">like Australia</a> this will count towards their eligibility for a post-graduation work permit. The government has also introduced a <a href="https://www.cicnews.com/2020/07/canada-makes-huge-changes-to-help-international-students-0715032#gs.ave1np">temporary two-stage approval process for international students</a> to expedite their approval to enter to study on campus when this is permitted.</p>
<p>But Canada is not likely to be a desirable destination for new international students until the government and then institutions can give a firm timetable and clear plans for studying on campus.</p>
<p><strong>So, what should Australia do?</strong></p>
<p>To remain competitive <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">compared to the UK</a>, Australian universities should keep prospective students updated on the issues that affect their study decisions such as entry requirements, start dates, and study and accommodation conditions. This communication should be targeted towards education agents and their clients, and be specific to individual students.</p>
<p>Few students and their parents are convinced about the <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">value</a> and <a href="https://www.idp-connect.com/en-us/newspage/international-higher-education/international-students-willing-to-quarantine-if-they-can-start-f2f-learning-sooner/">quality</a> of online education. And they fear much of the benefit of immersion in an English speaking <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">university environment</a> would be lost if spatial distancing required social distancing.</p>
<p>Australian universities will have to be as clear as they can about the benefits of the study and living conditions students are likely to experience here.<img src="https://counter.theconversation.com/content/142715/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;"></p>
<p><span><a href="https://theconversation.com/profiles/gavin-moodie-6047">Gavin Moodie</a>, Adjunct professor, <em><a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a></em></span></p>
<p>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/coronavirus-how-likely-are-international-university-students-to-choose-australia-over-the-uk-us-and-canada-142715">original article</a>.</p>
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How likely are international university students to choose Australia over the UK, US and Canada?

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<p>A waterfront residence situated in the heart of Mooloolaba, Queensland has been sold for $4.275 million. </p>
<p>It was sold by Richard Scrivener and Loren Wimhurst of Next Property Group Maroochydore. </p>
<p>Sitting on a 728 sqm lot, the <a href="https://www.realestate.com.au/sold/property-house-qld-mooloolaba-133890230" target="_blank">36 Culbara Street </a>home comes with a 30m water frontage. </p>
<p>It comprises three bedrooms, two bathrooms and double garage. </p>
<p>The home was last sold in 2005 for $2.65 million. </p>
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Waterfront Mooloolaba trophy home sold  

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<p>A four-bedroom, five-bathroom house in Hunters Hill sold for $5.6 million through McGrath estate agents Tracey Dixon and Nicholas Cowdrill on July 3, 2020. </p>
<p>The <a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-133731718" target="_blank">39 Barons Crescent property</a> is set in a blue ribbon address and showcases a glamorous façade. </p>
<p>The luxury residence features flexible living and gathering spaces, an entertainers' terrace with barbecue area, a gas heated swimming pool and sauna, a lush landscaped garden, a home theatre room, study, and cellar.</p>
<p><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/2020/7/3/21_Hunters%20Hill%202.jpg" alt=""></p>
<p>The Chef's kitchen showcases a marble bar, butler's pantry and cooler room. </p>
<p>The four deluxe bedrooms each have access to a designated bathroom. </p>
<p>The property was last sold for $1.3 million in 2011. </p>
<p>According to Realestate.com.au, 56 other four-bedroom houses in Hunters Hill have recently been sold. A four-bedroom, three-bathroom home on Ryde Road sold for $3.1 million on June 12, 2020. </p>
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Luxury Hunters Hill trophy home sold for $5.6 million

<html><body>
<p><span>A tri-level Victorian terrace in Annandale has been sold for $2.32 million. </span></p>
<p><span>It was sold $320,000 over the reserve price by Matthew Carvalho and Ercan Ersan of Ray white Surry Hills. </span></p>
<p>The <a href="https://www.realestate.com.au/property-terrace-nsw-annandale-133750998" target="_blank">Terrace 9, 269 Trafalgar Street </a>home comprises of 250 sqm of indoor and outdoor living space. </p>
<p><span>It consists of three bedrooms, zoned living and dining areas, entertainer's gas kitchen, private courtyard garden and roof terrace. </span></p>
<p><span><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/2020/7/5/annandale%202.jpg" alt=""></span></p>
<p><span>The home also features private entry, dormer windows double garage, and northerly district views.</span></p>
<p><span><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/2020/7/5/anandale%203.jpg" alt=""></span></p>
<p><span>It is located within close proximity to Jubilee Park, the harbour foreshore, Tramsheds gourmet dining hub and farmers markets.</span></p>
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Tri-level Annandale terrace sold for $2.32 million

<html><body>
<p>A mortgagee property in Calliope has sold for $239,900, after spending 156 days on the market.</p>
<p>Located at 14 Fremont St, the home features four bedrooms, two bathrooms, and a double garage.</p>
<p><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/2020/7/29/Calliope%202.jpg" alt=""></p>
<p>The fenced block comprises 630 square metres.</p>
<p>The house has 151 square metres of internal floorspace.</p>
<p><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/2020/7/29/Calliope%203.jpg" alt=""></p>
<p>The address had previously sold in 2012 for $204,000.</p>
<p>Calliope's median house price is $270,000.</p>
<p>Kerry Connor, from Gladstone Real Estate, had the listing.</p>
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Calliope mortgagee home sells for minor profit

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<p>An unfinished mortgagee house in Doolandella has come onto the market.</p>
<p>Located at 34 Hanley Place, the property comprises 4669 square metres.</p>
<p><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/2020/7/29/%20DOOLANDELLA%203.jpg" alt=""></p>
<p>The under-construction residence will have five bedrooms, two bathrooms, and a double car garage.</p>
<p>The address was previously sold in 2016 for $350,000, however construction had not begun on the current development.</p>
<p><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/2020/7/29/%20DOOLANDELLA%20%202.jpg" alt=""></p>
<p>Doolandella’s median house price is $460,250.</p>
<p>The property will be sold by online auction.</p>
<p>Lauren Molijn, from LJ Hooker Browns Plains, has the listing.</p>
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Unfinished Doolandella mortgagee home listed for sale

<p>The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.</p>

<p>Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."</p>

<p>That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.</p>

<p>Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297740]</p>

<p>Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.</p>

<p>The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297741]</p>

<p>The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.</p>

<p>Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.</p>

<p>[smartcode_project:default project_id=144913 project_image_fid=297735]</p>

<p>Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.</p>

<p>Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.</p>

<p>[smartcode_project_cta:default project_id=144913]</p>


Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

<p>National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.</p>

<p>Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.</p>

<p>[smartcode_project:default project_id=145922 project_image_fid=373556]</p>

<p>The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.</p>

<p>Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.</p>

<p>"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.</p>

<p>"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.</p>

<p>"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."</p>

<p>[smartcode_project:default project_id=145922 project_image_fid=373559]</p>

<p>Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.</p>

<p>The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.</p>

<p>[smartcode_project:default project_id=145922 project_image_fid=373583]</p>

<p>Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.</p>

<p>Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.</p>

<p>[smartcode_project:default project_id=145922 project_image_fid=373571]</p>

<p>Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.</p>

<p>Completion of Crest &amp; Walker is slated for late 2028.</p>

<p>[smartcode_project_cta:default project_id=145922]</p>


Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

<p>The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.</p>

<p>It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.</p>

<p>Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.</p>

<p>While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=68833]</p>

<p>Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.</p>

<p>The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.</p>

<p>"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.</p>

<p>"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.</p>

<p>"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=360215]</p>

<p>One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.</p>

<p>"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.</p>

<p>While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.</p>

<p>"The size of the site is something that would be incredibly difficult to replicate today," she says.</p>

<p>"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."</p>

<p>[smartcode_project:default project_id=6515 project_image_fid=68839]</p>

<p>There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.</p>

<p>As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.</p>

<p>"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.</p>

<p>A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.</p>

<p>The remaining apartments are ready to inspect in person, by appointment.</p>

<p>[smartcode_project_cta:default project_id=6515]</p>


A decade in the making: Residents to move into Chevron One as construction wraps up

<p>A general rule of thumb in new apartment developments is that the penthouses get the rooftop.</p>

<p>It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.</p>

<p><a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.</p>

<p>Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.</p>

<p>The philosophy has reached its most ambitious expression at <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.</p>

<p>[smartcode_project:default project_id=150017 project_image_fid=374053]</p>

<p>"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.</p>

<p>"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.</p>

<p>"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."</p>

<p>[smartcode_project:default project_id=150017 project_image_fid=374052]</p>

<p>The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.</p>

<p>Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.</p>

<p>[smartcode_project:default project_id=150017 project_image_fid=372547]</p>

<p>The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.</p>

<p>The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.</p>

<p>[smartcode_project:default project_id=150017 project_image_fid=374054]</p>

<p>Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.</p>

<p>Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.</p>

<p>[smartcode_project:default project_id=150017 project_image_fid=370962]</p>

<p>While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.</p>

<p>It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.</p>

<p>Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.</p>

<p>[smartcode_project:default project_id=146527 project_image_fid=366550]</p>

<p>That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.</p>

<p>Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.</p>

<p>[smartcode_project_cta:default project_id=150017]</p>


Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

<p>As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.</p>

<p>At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.</p>

<p>[smartcode_project:default project_id=426 project_image_fid=359199]</p>

<p>The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.</p>

<p>Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.</p>

<p>In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.</p>

<p>[smartcode_project:default project_id=426 project_image_fid=360299]</p>

<p>The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.</p>

<p>Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.</p>

<p>This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.</p>

<p>[smartcode_project:default project_id=426 project_image_fid=360300]</p>

<p>What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.</p>

<p>The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.</p>

<p>Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.</p>

<p>[smartcode_project_cta:default project_id=426]</p>


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