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According to Domain's House Price Report for the June quarter prices on units fell across Australia with houses seeing similar results.
They found, all major capital cities saw unit prices fall across the June quarter; only Adelaide, Canberra and Hobart saw an increase in house prices during this period.
Price falls to date have been minimal from the pre-coronavirus March quarter to June. 
Significant government stimulus, mortgage holidays and low interest rates have supported home values, and kept distressed and urgent selling low. 
With lenders extending mortgage pauses for those under serious financial strain, and the JobKeeper subsidy being extended, the outlook for prices largely depends upon how well the economy is tracking when fiscal stimulus ends.
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“Nationally house prices have dropped by 2 per cent and unit prices by 2.2 per cent over the June quarter."
"This is the first quarter to show the impact of COVID-19, reversing upward price swings in Sydney and Melbourne."
"While most capital cities declined, the falls have been minimal to-date as unprecedented government stimulus, mortgage holidays, low stock levels and record low interest rates shield values from any significant declines, helping to retain stability in the housing market,” said Domain Senior Research Analyst, Dr Nicola Powell.
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Unit prices fall nationally with houses hit slightly less: Domain

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Sydney’s house and unit price recovery halted over the June quarter, with prices down by almost $23,000 and just over $14,000 respectively.
The June quarter also marks the first time house prices have moderated since early 2019.
While Sydney property prices remain higher than in 2019, house and unit prices are $55,000 and $52,000 below the mid-2017 peak respectively, presenting an opportunity for prospective buyers.
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June 2020 QoQ change for Sydney house and unit prices
“Sydney’s house and unit price recovery was abruptly halted over the June quarter, down 2 per cent and 1.9 per cent respectively. Houses have lost almost $23,000 and units just over $14,000 in the June quarter, the first quarter to show the impact of COVID-19. For houses, this is the first time prices have moderated since early 2019 and a year for units. Sydney was in an upswing prior to this interruption, highlighted by the strong annual growth, up by 10.5 per cent for houses and 7.3 per cent for units. House prices are $110,000 above the early 2019 trough but remain $55,000 below the mid-2017 peak. Unit prices are $50,000 above the mid-2019 trough but remain $52,000 below the mid-2017 peak.”
“Price falls to date have been minimal; significant government stimulus, mortgage holidays and low interest rates have helped to support home values. This is assisting many homeowners through economically challenging times and has kept distressed and urgent selling low. The risk to prices becomes greater once the stimulus measures cease and we face the fiscal cliff. While lenders have extended the mortgage pause for those under serious financial strain and the JobKeeper subsidy will be extended and tapered until the end of March next year, the outlook for prices largely depends upon how well the economy is tracking at the time stimulus ends.”
“The full impact of the economic shutdown was evident in the June quarter. Sales activity, listings and clearance rates fell in April but were rebounding by June. It is clear confidence has lifted from the April lows, sellers have returned, and more buyers think now is a good time to purchase - nationally rising to a six-month high, according to the Westpac Melbourne Institute Index of Consumer Sentiment. Buyer interest has renewed from the April lows - those with job security are being enticed by low mortgage rates, government financial incentives and taking advantage of improved affordability. Price expectations have changed rapidly in recent months, with more vendors adjusting asking prices downwards to seek a timely sale. In June, 15.2 per cent of sellers reduced asking prices, three times higher than the same time last year. The proportion of properties discounted is a leading indicator of price movement, evidence that further price weakness lies ahead,” said Domain Senior Research Analyst, Dr Nicola Powell.
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Sydney's property price recovery halted over the June quarter: Domain

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A property management agent from Melbourne’s northwest allegedly allowed rental homes to be used as cannabis grow houses has been arrested in a high-level drug investigation.
North West metro regional crime squad arrested five people this week who were accused of involvement in a major syndicate with interstate links.
As part of Operation Skyknight, warrants were executed on Wednesday morning in Roxburgh Park, Gladstone Park and Glenroy, as well as Bankstown in Sydney and Port Macquarie on the NSW coast.
Three men — a 22-year-old and 25-year-old from Roxburgh Park and a 68-year-old from Gladstone Park — were arrested and remanded in custody.
A further two men were charged on July 13 after separate police raids.
“Police are alleging that the 68-year-old male was using his position as a rental property manager to facilitate several crop houses across the northwestern suburbs,” Victoria Police said.
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Melbourne property management agent caught amid drug arrests

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Diversified property group Pellicano has expedited the next stage of construction at its Parkwest Estate in Bundamba due to strong sales, while announcing the commencement of construction of the next stage at Connexion Industrial Park in Darra, following leasing success in recent months.
Due to the final office/warehouse space selling out at Parkwest Estate, Pellicano will commence the next stage of the project 12 months ahead of schedule, which will deliver additional office warehouse units.
Meanwhile at Connexion, construction has commenced on a major refurbishment of a freestanding 10,600 sqm office/warehouse, and four new spec office/warehouses totalling 3,000 sqm.
Pellicano was buoyed by a deal struck at Connexion during the height of the COVID-19 pandemic, with a 7,500 sqm site being leased out to MACH1 Logistics in late March, spurring the company to prioritise the works on both sites.
Pellicano managing director Nando Pellicano believes recent activity at these projects, as well as its Industrial activity in Melbourne, is an early sign of how well the Industrial sector is holding up across the property market.
“We saw many companies facing challenges during lockdowns, restrictions and work-from- home guidelines, but we’ve still been able to put clients into new facilities, as the push to e- commerce and on-line expediates.
“Well-located industrial space has proven popular at a time where more and more consumers turn to shopping online.
“I think the popularity of these sites is driven in part by the flexibility we give our clients across the board – we work with them to ensure their facility is exactly what they need, and that they can make any necessary tweaks to ensure it’s a long-term prospect,” he said.
Works at the office/warehouse site at Connexion Industrial Park are due for completion in two stages, with the 10,600 sqm refurbishment available to occupy from fourth quarter of 2020, and the four spec units from early 2021, while the next stage of construction at Bundamba is due to commence in the coming months once detailed designs are finalised.
Pellicano’s current activity will take its total Industrial Holdings to over 600,000 sqm by the end of year with a vacancy rate of under 2.5 per cent.
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Pelicano announces construction across two Queensland projects

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The launch of a new luxury Terrace complex is set to ease pent up demand for high quality residences in the popular North Shore suburb of Willoughby.  
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Boasting a street address just metres from Quadrangle Shopping Village and minutes from the CBD and North Sydney, ‘The Terraces’ Willoughby comprises six luxury, three storey terraces, each with internal private lifts to secured basement parking below.  
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Set across 1,154 sqm at 7-9 Warners Avenue, the development is the first boutique residential project in Willoughby brought to market by North Shore-based property developers and fund managers WINIM. 
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Designed by award-winning architects Giles Tribe with Interiors by Rothelowman, construction is due to commence on the $17 million project in beginning of 2021 and occupation expected by end of first quarter, 2022. 
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The homes are a modern design of traditional Sydney harbour terraces with private liveable courtyards front and rear, each with direct street address and frontage. 
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Pricing ranges from $2,675,000 for a mid-row terrace, up to $3,000,000 for an end of row terrace, secure double-garage, with huge triple aspect wrap-around garden and additional oversized multi-purpose room.  
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Artists representation 
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New luxury complex The Terraces has launched in Willoughby

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In the past 12 months, Sydney’s North Shore has seen over $1 billion of sites sold as anticipated demand for apartments overtakes supply.
Developers have been focusing on high density opportunities in the Lower North Shore along the current North-West Sydney Metro station, which include suburbs such as North Sydney, Crows Nest, St Leonards, Chatswood and Macquarie Park.  
Major projects to be delivered include:
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<li>Mirvac - Nine's Willoughby site, 460 new dwellings</li>
<li>Podia – Recently purchased North Sydney Site - Planning proposal</li>
<li>Frasers – Masterplan approved Macquarie Park Ivanhoe Estate, 3,300 dwellings</li>
<li>Meriton – Macquarie Park up to 230 apartments</li>
<li>Aqualand, Develotek Partner for 600 apartments in Chatswood</li>
<li>Aqualand- North Sydney mixed-use development comprising 441 high-end apartments (under construction) </li>
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And now investors are scrambling for a piece of the action, with Roseville on the Upper North Shore smashing records this month, with 14 individual buyers snapping up 14 brand new luxury townhouses in just one weekend, with prices ranging from $2.5 million to $3.58 million with internal areas ranging from 122 – 173sqm internally. Interestingly the higher value townhouses in excess of $3m were the first to sell. 
Local developer Mayrin Group purchased the 6,778 square metre amalgamated site at 130-138 Archer Road and 10a, 12 and 14 Boundary Street in Roseville in 2017 from Savills Australia for north of $35 million.  
With an estimated end value in excess of $110 million, The Archwood Residences, designed by highly acclaimed architectural firm DKO is a limited collection of four bedroom townhouses with a stunning central garden retreat designed to include luxe lobbies, private lifts, marble bathrooms and natural stone kitchens.  
The homes feature fully integrated home automation systems, with the technological options including car licence plate recognition, biometric keyless entry and automated lighting and smart blinds. 
With only 20 townhouses released in Stage 1, 26 expressions of interest were received with a total of 14 lots sold on the day of the launch.
According to Stuart Cox, Director, Residential Site Sales at Savills Australia, Roseville remains one of the most hotly contested Upper North Shore suburbs, situated just 12 kilometres north-west of the Sydney CBD bound by Lindfield to the north, Castle Cove to the east, Chatswood to the south and Chatswood West to the west."
“Not only is this development of the highest calibre, it also boasts excellent access to public transport and is in the catchment area for Roseville Public School and Chatswood High School. Other private schools close by include Roseville College, Ravenswood School for Girls,  Pymble Ladies College, Knox Grammar School, Barker College and Abbotsleigh” he continued.
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The Archwood in Roseville is the North Shore's latest residential development

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Brookfield Properties and Oxford Investa Property Partners (OIPP) have revealed the first stage of the $200 million 388 George Street redevelopment.
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Prominently located on the corner of George and King Streets, 388 George Street is jointly owned by Brookfield and Oxford Properties, as owner of the OIPP portfolio, with the redevelopment built by premier builder, Multiplex. The project will deliver 38,364 square metres of A-Grade commercial office space and 2,680 square metres of prime retail space to the CBD core.
Stage One of this project has involved the delivery of an all-of-building refurbishment of the existing 28- storey office building, including a new tower lobby and end-of-trip (EOT) facilities while the second and final stage will see the delivery of a brand new five-storey, FJMT-designed mixed-use pavilion to complete the project.
The state-of-the-art EOT facilities will offer a range of convenient services for tenants including luxury towels, ironing and grooming stations and parking for 366 bikes. With user experience at the forefront of the design, EOT facilities at 388 George Street are located on level one rather than the basement and a dedicated lift provides exclusive and direct connectivity from the basement level cycle parking.
The transformational refurbishment of the existing A-Grade office tower has made outstanding use of the building’s existing infrastructure, with interconnecting stairs added, enhancing connectivity and collaboration for occupants. Upgrade works also included new ceilings, carpets, bathrooms, lift floor lobbies and on-floor amenities. Inter-floor connectivity has been achieved with the installation of staircases throughout the building’s existing five, four-level atriums.
The mixed-use pavilion, due for delivery later this year, will add an important new landmark to the CBD core, with five-storeys of commercial and retail space, a rooftop bar and flagship retail stores.
State-of-the-art design features of 388 George Street include a stone concierge desk carved from solid blocks of London White Marble, with each block weighing 200 kilograms.
Danny Poljak, Executive Vice President &amp; Co-Head of Brookfield Properties said, “We are thrilled to reach this exciting milestone at 388 George Street and transform another of the Sydney CBD’s established office buildings. Not only have we added significant value by upgrading the existing commercial tower and developing the new retail podium on a dormant part of the site, we have also enhanced the site’s connectivity to George and King streets.”
“The development will completely transform this busy city corner and integrate with the newly pedestrianised George Street with a through-site link planned in the next stage linking to King Street.”
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Nicole Quagliata, Fund Manager, OIPP said: “We are delighted to unveil the first stage of 388 George Street’s transformational refurbishment. The recently completed improvements establish the building as a leading contemporary workplace for our tenants, providing high quality amenity within a prominent Sydney CBD location. The new mixed-use podium with premium retail opportunities will bring new amenity to the revitalisation of this exceptional George Street location.
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Ian Lyon, Head of Development, Asia Pacific at Oxford Properties Group, said: “388 George Street is part of the continued improvement of the OIPP portfolio. We are immensely proud of what the team have delivered.”
The project, which is being delivered by construction partner Multiplex, created over 250 jobs during its construction.
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$200 million 388 George Street redevelopment revealed

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A $180 million proposal for a mixed-use tower in Liverpool has been given the green light by the Sydney Western City Planning Panel.
Binah Developments’ 34-storey mixed-use proposal at 22-26 Elizabeth St will include a 113-room hotel, 179 residential apartments, a ground-level food and beverage area, rooftop restaurant and 5500 square metres of A-grade office space.   
“This development is one of $1 billion worth of major projects approved or under assessment, triggered by the rezoning of 25 hectares in the CBD in 2018 to allow mixed-use development,” Liverpool Mayor Wendy Waller said.  
“The 34-storey tower will become the tallest in the Liverpool city centre, activate a busy main street and provide much-needed hotel accommodation, as well as significant commercial space in the fast-growing capital of South West Sydney.” 
Designed by Rothelowman Architects, construction is expected to start in 2022, providing 100 jobs during construction and an estimated 400 jobs once complete.   
“Building on our city’s great bones, Council’s detailed Public Domain Master Plan will guide the city centre’s transformation at street level, moving towards a greener and more attractive streetscape with wider footpaths, dedicated cycleways, more vegetation and public art among the many improvements to come.  "
“Council’s own $400 million Liverpool Civic Place mixed-use precinct on Scott Street, to be jointly developed by Council and Built, will anchor the southern end of the city centre and provide new public spaces, community facilities and job opportunities. "
“The early works DA for the FJMT architects-designed proposal has been approved and when complete the precinct will feature new Council offices, Council chambers, an early education centre, a new state-of-the-art city library, commercial and retail spaces, a hotel or student accommodation building and public parking,” Liverpool Mayor Wendy Waller said.   
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Mixed-use tower approved for Liverpool city centre 

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The first one-bedroom apartments in five years are set to hit the St Lucia market when residential development Vistas St Lucia launches this month
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Developer Barber Property Group's Managing Director Paul Barber said the company was anticipating strong demand from a wave of returning international students.
The 32-apartment complex includes nine one-bedroom apartments, fourteen two-bedroom apartments and nine three-bedroom apartments.
“We’re noticing a resurgence in demand for one-bedroom apartments, with a mix of downsizers and young professionals wanting to get into the blue-chip suburb, as well as demand continuing for larger two and three-bedroom properties,” Mr Barber said.
“Our recently completed projects in St Lucia have seen healthy results for investors, with 2019 project Eton Apartments being 100 per cent committed prior to completion, and now delivering a 7 per cent return.”
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Mr Barber said Vistas St Lucia was the company’s fourth development in the suburb since 2014 – the inner-west being a recent focus for the long-standing developer.
Barber Property partnered with award-winning CG Design Studio and Raymond Barber Architects.
“The design also takes advantage of the site’s premium location, with sweeping city views, floor plans that prioritise light and air flow, and seamless integration of indoor and outdoor spaces,” he concluded.
The project is currently under construction and is due for completion in December 2020. 
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New apartment complex set to hit the St Lucia market

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New data released by realestate.com.au reveals that enquiries for new developments have surged since the announcement of the Federal Government’s HomeBuilder scheme in early June.
The REA Insights New Homes Snapshot for July report shows enquiries to developers nationally jumped by almost 63 per cent in the month of June, with land estate enquiries experiencing a 93 per cent lift over the month.
REA Group Executive Manager of Economic Research, Cameron Kusher, said the spike in June followed a bullish 53.9 per cent increase in May, suggesting the announcement of HomeBuilder led to a further surge in the already increasing interest in new properties.
“First home buyer activity increased 28.5 per cent in June when looking specifically at email enquiry on realestate.com.au, and it’s likely some of this activity was a result of the HomeBuilder stimulus announcement,” Kusher said.
“It’s no surprise that land estate new development is benefiting from HomeBuilder given the package is geared towards new builds, there are restrictions on construction timeframes that inhibit apartment development, and the Australian dream is to own a house.”
Dahua Group’s Marketing and Sales Manager, Michael Ching said there has been a notable enquiry increase in the Group’s Tarneit-based development, Orchard which was revealed as Victoria’s most popular house and land development.
“The interest and enquiries on Orchard Tarneit through realestate.com.au have been very strong over the last few months. As a maturing estate, Orchard Tarneit has a variety of land lots to offer including titled lots which fit perfectly into the HomeBuilder scheme,” Michael said.
“The announcement of the HomeBuilder scheme saw enquiries in Orchard Tarneit increase by 200% in June as compared to enquiries recorded in May. As a result, we have released more land lots to cater to the increased demand.”
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Enquiries for new developments surged in June following governments HomeBuilder scheme: realestate.com.au

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

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Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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