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A $500,000 outlay in Cairns can secure a modern suburban dwelling, according to Herron Todd White’s latest report.
The property advisory firm says that the majority of properties in Cairns are sold for under $500,000.
“A $500,000 property investment in Cairns will secure a well located modern executive style suburban dwelling, or alternatively an above average quality apartment in the Cairns CBD, located on the mid to upper levels of a near new high rise unit development.
“Indeed the purchaser or investor at this price level would find a large range of sectors, styles and locations available to choose from.
“However it remains impossible to spend $500,000 on a new apartment due to the absence of new unit construction at that level.
“The $500,000 mark in the Cairns market is relative to the current median price levels of approximately $414,000 for houses and $220,000 for apartments.
“Over the past twelve months, 75% of houses and 95% of apartments sold in Cairns have transacted under $500,000,” the report stated.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-bentley+park-124902638" target="_blank">24 Bathurst Drive</a>, Bentley Park (above) was sold for $355,000.
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-qld-trinity+beach-125802850" target="_blank">6/108 Trinity Beach Road</a>, Trinity Beach (below) was sold for $308,500.
<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/2017/07/25/6_108%20Trinity%20Beach%20Road.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Most Cairns residential properties sold under $500,000: HTW

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Adelaide Casino will expand facilities with a $330 million redevelopment to include a hotel, VIP gaming facilities, three new bars and three additional signature restaurants.
Graeme Stephens, Skycity Entertainment Group chief executive said they will increase the number of hotel rooms in the proposed development from 89 to 123, adding an additional floor to the plans for the expanded building, which will be the most luxurious hotel in Adelaide.
“We believe there is demand for more quality hotel rooms in Adelaide from both domestic and international visitors," he said.
“This provides a better-balanced product while also helping South Australia realise its full potential as a premium tourist destination.
<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/2017/07/26/External_2.jpg" alt="">
Skycity will also remodel the existing Adelaide Casino building in the historic Railway Station.
Graeme Stephens said Skycity will play a major role in what will be an amazing rejuvenation of the Riverbank Precinct, while also creating jobs and economic growth for South Australia.
“The redevelopment also secures Skycity’s position in the heart of Adelaide’s entertainment precinct, surrounded by multiple major demand drivers.’’
<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/2017/07/26/Concourse.jpg" alt="">
Premier of South Australia, Jay Weatherill, is pleased to see the project moving forward.
“This re-development, and the wider development across the Riverbank Precinct is a welcome investment in the state.
<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/2017/07/26/Corner%20Suite.jpg" alt="">
“We look forward to offering both locals and tourists the opportunity to enjoy a world class entertainment precinct.”
Adelaide Casino General Manager Luke Walker says he’s very excited by the opportunities the expansion will provide.
<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/2017/07/26/Villa_Living.jpg" alt="">
“This development will transform Adelaide Casino into a truly integrated entertainment precinct for international, interstate and local visitors, as well as creating 800 jobs when complete and up to 1000 jobs during construction.
“I’m delighted Adelaide Casino will be joining the redevelopment of the Festival Plaza, which alongside the Adelaide Oval, the new Convention Centre, the upgraded Festival Centre, and the rest of the Riverbank Precinct will create a stunning entertainment space in the heart of the city.’’
The expanded development includes a boutique, all-suite hotel, new signature restaurants and bars, including a rooftop bar, and function spaces for up to 750 people for banquets and events.
“We’ve taken a fresh look at both our existing building and the design for the expansion.
<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/2017/07/26/Villa_Bedroom.jpg" alt="">
“We’ve redesigned interiors, revitalised social, entertainment, and gaming spaces, and relocated restaurants and bars,’’ Mr Walker says.
Early works on the site of Riverbank Precinct have been underway since early 2017 to prepare the area for the developments, which include a retail precinct, office space, open public spaces for all age groups and car parking.
Skycity has an agreement with developer Walker Corporation to lease 750 car spaces.
<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/2017/07/26/Villa_Bathroom.jpg" alt="">
Construction on the expansion of Adelaide Casino will begin in early 2018, following the completion of the early works.
The redeveloped casino and hotel complex is expected to be completed by third quarter 2020.
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Adelaide casino to expand with $330 million redevelopment

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Colliers International and JLL Hotels &amp; Hospitality Group are selling Iris Capital's stake in Sydney's Clovelly Hotel.
The hotel, overlooking Clovelly Beach is home to celebrity chef Matt Moran.
In February 2017, MorSol – a joint venture between Matt Moran and Solotel Hotel Group – secured a long-term leasehold interest in the Clovelly Hotel.
A triple net leaseback arrangement is part of the sale, as is Lessor ownership of the hotel licence and fifteen gaming machine entitlements.
Miron Solomons, Colliers Director, said the underlying intrinsic value of this property is exceptional and to find a beachfront investment of this size in Sydney especially with a tenant of this calibre is just so unique.
“The coveted triple net lease structure and fixed annual income growth make this a compelling annuity-based investment with great underlying property,” he said.
The sales campaign will close on 30th August 2017.
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Iris Capital's stake in Sydney's Clovelly Hotel to be sold

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A new industry body has been launched to aid government and industry to streamline planning processes, develop effective policy to reduce housing costs and increase housing supply.
The Housing Supply Association was launched by the NSW Minister for Planning and Housing, Anthony Roberts.
Properties will be made available for purchase and rental through the HSA, with caveats placed on sales to first homebuyers to ensure they are not on-sold for profit.
Minister Roberts has welcomed HSA’s commitment to help break the cycle of the spiralling property market, which slams the door on many new first homebuyers and prevents key workers living where they work.
“The NSW Government is committed to working with businesses, organisations and local communities to address housing affordability and those who are most disadvantaged in buying their first home, or renting where they live,” he said.
“I commend the formation of the not-for-profit Housing Supply Association to assist in tackling these challenges and look forward to working hand-in-hand with all participants to break down the barriers for future generations of new home owners and renters and helping key workers to live where they work.”
The HSA will also work with government and industry to secure property exclusively for those who need it most, many properties at potentially 20 – 30% below market value.
Property allocation will also focus on ex- servicemen and women and people with disabilities.
Aras Labutis, HSA Vice President said Australia was at a crossroads in addressing housing affordability for the average wage-earner.
“I am proud to be part of the HSA’s collaboration with government, councils and key stakeholders to deliver the first major positive intervention to address this serious social issue,” he said.
“This is the only holistic, industry-driven solution to deliver real outcomes for first homebuyers and key workers, such as the police, ambos and fire services who look after our communities 24/7.
“The HSA’s purpose is to increase affordable housing supply as part of an industry-wide response to a problem that now desperately needs action, not words.”
"Suitable developments for the HSA’s target market are underway or in the pipeline.
"One major property provider has already committed 20 percent of a new development to the HSA for affordable housing.
“We have consulted those groups facing hardship, and the current housing situation disadvantages many of the most valued members of our community.
“We need to increase supply of housing, and we need to look after those who need it most.
“We have tested our approach with government and the key worker Associations and they like the process.
“I would like to thank the NSW Government for their support and commitment of this important initiative.
“Without the collaboration of industry and support of Minister Roberts and the NSW Government our plans to address this crisis would not be possible.”
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Housing Supply Association formed to tackle housing crisis

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Real estate agents’ commissions are the lowest in South Australia and highest in the cheapest housing market, Tasmania, according to a new report.
The insight revealed the national commission average was 2.07 percent in metro areas and a higher 2.5 percent in regional areas.
Tasmanian vendors pay at an average commission of 3 per cent, while in South Australia the average commission is 2 per cent.
NSW and Victoria both had average rates of 2.05 per cent, Queensland 2.61 per cent while Western Australia averaged 2.31 per cent.
The average commission on a NSW $500,000 house eased, according to LocalAgentFinder.com.au.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/wa_graph_2.jpg" target="_blank">Click to enlarge</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/2017/07/27/wa_graph_2.jpg" alt="">
LocalAgentFinder chief executive Matt McCann said the average commissions in NSW and Victoria were a reflection of the robust markets
“It’s interesting to see Western Australia is at 2.31 per cent, given the market’s current state,” Mr McCann said. 
“Prior to commissions being deregulated in Queensland, they were capped, so a high average commission could still be carrying on as an effect of that,” Mr McCann said.
The rival Openagent website had previously calculated the average commission real estate agents charge varied between the lowest of about 1.6 four percent and the highest about four percent.
It noted across the country the average charge was around 2% to 2.5% of the sale price of your home, or from $10,000 to $12,500 when selling a $500,000 house.
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How much should your estate agent's commission fee be? New Australia-wide survey

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The Reserve Bank of Australia governor Philip Lowe has indicated he is in no hurry to join other central banks around the world in hiking rates any time soon.
The low inflation – which fell back below the Reserve Bank's 2-3 per cent target range last quarter – and a low probability of any rapid blowout in wages meant that offshore hikes had "no automatic implications for monetary policy in Australia," Dr Lowe said in a speech on Wednesday.
He noted these central banks lowered their interest rates to zero and also expanded their balance sheets greatly.
"We did not go down this route.
"Just as we did not move in lockstep with other central banks when the monetary stimulus was being delivered, we don't need to move in lockstep as some of this stimulus is removed."
His remarks came just hours after the official ABS figures that showed headline inflation slowed to 1.9 per cent from 2.1 per cent.
Dr Lowe's speech, to the Anika Foundation in Sydney, noted even with current rates of productivity growth, the nation "could sustain some increase in wages growth over time".
Titled The labour market and monetary policy, Dr Lowe used the speech to warn that the lack of wages growth was making households more reluctant to spend, and mean that debt levels are likely to stay higher for longer than was originally expected. 
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RBA governor Philip Lowe says any rate hike will be on Australia's timetable

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A waterfront Dover, Tasmania house has been listed for $1.98 million.
Located at <a href="https://www.realestate.com.au/property-house-tas-dover-124567954" target="_blank">11 Harveytown Road</a>, Eden has views of the ocean and islands.
Built in 1992, the property is surrounded on all sides with trees.
The entrance foyer has grey and white marble tiles along with a staircase that leads to upstairs.
Upstairs are four bedrooms and two ensuite bathrooms, which can be accessed via two of the four bedrooms.
The master ensuite has a double vanity and Rose Aurora marble tiles.
In addition the main bedroom has a huge walk-in robe along with access to a fourth bedroom with black granite hearth.
A terrace with views can also be accessed upstairs.
Lower level features the separate formal dining and lounge room with a marble fireplace for the lounge along with crystal chandelier.
<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/2017/07/19/11%20Harveytown%20Road-2.jpg" alt="">
The dining room also has a mantelpiece with antique fire grate and two crystal chandeliers.
Kitchen features large, black granite centre island bench, walk-in pantry and quality appliances.
The indoor swimming pool/patio area also has its own shoer along with sauna and spacious self-contained studio.
The studio has its own Tasmanian Oak kitchen with pantry, fridge, freezer, lounge/dining, bedroom and bathroom.
The property is within walking distance to Dover Southgate Shopping Centre.
Other features includes a garage plus a barn-style shed and boat ramp with registered mooring.
The property is offered through Fall Real Estate agent Jeanne Best.
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Waterfront Dover house, Eden, listed for $1.98 million

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One of Brisbane’s special inner-city properties is on the market.
The 810sq m elevated north-facing West End home has views of Queensland’s capital, from Mt Coot-tha across to the CBD.
Ray White New Farm agent Matt Lancashire has the listing of 35 and 37 Whynot Street.
<img src="https://www.urban.com.au/images/2017/07/26/West%20End-2.jpeg" alt="">
“Whynot St is known to be the most prestigious street in West End, and West End is one of the most prestigious suburbs in Brisbane.”
Tim and Annie Massurit purchased 35 and 37 Whynot St five years ago, when it was a large Queenslander in need of renovation.
The couple relied on architect plans already drawn to create their dream home on 35 Whynot St, leaving the vacant land next door as space for their two children to play.
“It took about a year to build,” Mr Massurit said.
An appealing cottage street front aesthetic hides a contemporary double-storey residence which includes four large bedrooms, an office or fifth bedroom, 2.5 bathrooms, sprawling rear decks and a beautiful pool with an outdoor shower.
The master bedroom is positioned on the top floor, with three bedrooms on the lower level along with the garage and outdoor pool area.
A low-maintenance house, it is ideal for parties which have tended to spill into the 405sq m turfed and fenced neighbouring plot.
“We were going to develop next door and started on plans but circumstances changed,” Mr Massurit said.
“It’s nice rolling grass and fantastic for football games, trampolines and swings.
“The front is locked so the only access to the land is via the house.”
<img src="https://www.urban.com.au/images/2017/07/26/West%20End-3.jpeg" alt="">
Families are lured by its proximity to Brisbane State High, Somerville House, Anglican Church Grammar School and Brisbane Grammar.
“It’s also fantastic real estate for doctors due to the fact it’s surrounded by the Mater Hospital, Wesley Hospital and Princess Alexandra Hospital,” Mr Lancashire said.
Mr Lancashire is accepting expressions of interest with a closing date of Friday, August 4.
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King of the hill in sought-after West End

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A $500,000 outlay can buy a wide variety of properties in Hervey Bay, according to Herron Todd White’s latest report.
The property advisory firm says that Fraser Coast is the best performing area.
“A lazy half million in Hervey Bay can buy a wide variety of property depending on the location, size of the site and improvements.
“Property along the waterfront Esplanade has been selling in this price range, with most dwellings being older circa 1950s basic dwellings in need of complete refurbishment.
“There are also modern homes only one street from the Esplanade which sell in this price range, within a developing estate known as Ocean Blue in Pialba.
“Best performing property for the Fraser Coast in terms of potential capital growth for the short to medium term is considered to be within Dundowran Beach and entry levels homes along the Esplanade.
“Executive homes on larger lot sizes between 2,000 and 4,000 square metres are generally available in Wondunna, Urangan and Urraween above $450,000.
“Improvements mostly include 4- to 5-bedroom homes built within the past ten years, with a pool, granny flat or shed,” the report stated.
A four bedroom 2006 sqm house at <a href="https://www.realestate.com.au/property-house-qld-wondunna-125890858" target="_blank">8 Kingston Close</a>, Wondunna (above) has been listed from $500,000.
Rural residential properties appeals to certain sectors of the market Herron Todd White advises.
“Rural residential property on lot sizes between two and four hectares close to Hervey Bay appeals to a certain market sector seeking space for horses and other livestock.
“In most instances there are no reticulated water or sewage services which can be a deterrent.
“Hervey Bay Esplanade unit prices are considered to be very reasonable overall, after a long steady recline over the past seven to eight years.
“In the current market $500,000 is likely to buy an upper level 2- to 3-bedroom modern unit with good ocean views in a circa 2005 to 2008 complex with extensive common improvements.
“You can expect to achieve high value for money in Maryborough, with property over $400,000 generally being renovated Queenslanders which have been finished to a high standard.
“There are also some well appointed homes on larger sites in the fringe suburb of Tinana.
A renovated three bedroom house at <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-maryborough+west-123392550">56 Dunford Road East</a>, Maryborough West (below) has been listed for over $499,000.
<img src="https://www.urban.com.au/images/2017/07/25/56%20Dunford%20Road%20East.png" alt="">
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What $500,000 secures in Hervey Bay: HTW

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The home famous for its setting as Darryl Kerrigan's home in the iconic 1997 film The Castle, has sold for $40,000 at its auction today.
The humble Melbourne weatherboard home adjacent to the Essendon airport was sold on its own, and not with the land it is located on.
The longtime owner of the home said she would take what she could get at its auction.
Rebecca Towns and Noel Kenny from the Brad Teal agency were expecting it to fetch anywhere between $1000 and $10,000.
The buyer will need to spend another $45,000 to $50,000 on getting it relocated.
It was marketed the house as “the ultimate piece of movie memorabilia."
Prior plans by NSW entrepreneurs to relocate it failed to proceed.
Seller Vicky Cosentino wants to build a townhouse now that the Moonee Valley council voted not to pursue permanent heritage protection for the home.
Interest has come from councils seeking to add a tourist attraction in their district and investors looking to use it as an Airbnb.
 
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The Castle home sells for $40,000 at auction

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

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Alfred Street the latest North Sydney pocket to be transformed by residential development

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."

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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.

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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."

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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.

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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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