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Given that Inner North suburbs of Melbourne tend to comprise older dwellings, at least relative to the outer north, it is within these suburbs – including Coburg, Reservoir and out to Greensborough and Bundoora that most likely to see homes undergoing renovations, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm suggest in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
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Older homes, often held in families for many years and kept in their original state will often undergo impressive modifications and upgrades once sold to owner occupiers looking to make their homes larger, modern, comfortable and better suited to modern life. 
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The report suggests renovators can often expect to see healthy capital growth as a result of these renovations bringing these properties up to meet the expectations of potential purchasers for these areas.
There are a number of areas in the Inner North where ‘pop up’ rear extensions to existing heritage facades are becoming more commonplace as a means of meeting the requirements of heritage protections. 
"We have seen numerous examples of these, where older homes with small and enclosed living areas have been opened up, increasing natural light and utilizing spaces in a more functional way," the valuation firm said. 
"In recent months as a result of the Coronavirus pandemic, we have noted that the occurrence of larger renovations and extensions has reduced, bucking the trend of the past several years where renovations have been commonplace, particularly as a result of gentrification in many areas and a large number of homes constructed in the 1980’s becoming more obvious candidates for modernisation," the valuation firm said. 
Prime examples of this can be seen in Reservoir and Montmorency where homes with renovation potential can be purchased for between $700,000 and $850,000 and $800,000 to$900,000 respectively, the reported noted. 
"Once fully renovated, we are seeing homes in Reservoir achieve $1.1 million to $1.3 million and Montmorency, $1.1 million to $1.4 million," the valuation firm said. 
A three bedroom Clinker Brick Veneer house in Reservoir has recently been sold for $1.07 million.
The <a href="https://www.realestate.com.au/sold/property-house-vic-reservoir-133019962" target="_blank">31 Rubicon Street </a>home (pictured below) has been renovated and extended. 
It comes with open plan living, light-filled family room and decked entertainment area. 
It was last sold in 2007 for $476,000. 
<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/2020/6/15/reservoir%201.jpg" alt="">
A current listing is an updated four bedroom house in Montmorency priced at $1.05 million to $1.15 million.
The<a href="https://www.realestate.com.au/property-house-vic-montmorency-133636602" target="_blank"> 3 Reichelt Avenue</a> home (pictured below) comprises two living zones, two updated bathrooms and study. 
It's situated within walking distance to schools, shops and cafes. 
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Investors in the outer north suburbs, looking to attract tenants or sell are more likely to carry out more modest or cosmetic renovations for ‘easy wins’, partly as a result of homes in these areas being much younger, with layouts not differing too much from new homes being constructed today.
The report notes minor renovations in these areas will tend to be limited to painting, replacing floor coverings, and perhaps a new kitchen, bathroom or deck.
"Moving forward, we expect that the prevalence of major renovations will continue to remain in parity with the economy and if this continues to deteriorate, then it is reasonable to expect that renovators will become less willing to spend big," the valuation firm said. 
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j.ballantyne1990-6AQqhLzZaK

North Melbourne major renovations in decline: HTW residential 

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Dexus has announced that it has conditionally exchanged contracts to sell 45 Clarence Street, Sydney to Peakstone.
The sale will realise net proceeds of $530 million, which is consistent with the property’s book value at 31 December 2019.
It was bought in 1998 at $165 million.
45 Clarence Street is a 28-level, A-grade office tower across 32,000 square metres, located in the western corridor of Sydney’s financial district and was built in 1990.
On 31 December 2019, the property was 100% occupied and had a weighted average lease expiry of 3.3 years.
The sale was concluded following the receipt of an off-market unsolicited offer from Peakstone, a Singapore headquartered manager of Asian capital, and is subject to the purchaser receiving FIRB approval.
 “This transaction reinforces the resilience of prime quality office asset values in the Sydney CBD and enables us to recycle capital into higher returning opportunities that we expect will become more prevalent over the coming period,” said CEO Darren Steinberg.
The transaction follows the completion or exchange of more than $800 million of property divestments across the group during FY20.
The net sale proceeds will initially be used to repay debt.
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Dexus announces conditional contract to sell 45 Clarence Street to Peakstone

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A local Sydney/ Brisbane private syndicate has beaten locals to snap up a residential development site in Greenslopes, just 4kms south east of the Brisbane CBD for $2.45 million.
Located at <a href="https://www.commercialrealestate.com.au/property/100-nicholson-street-greenslopes-qld-4120-2015810068" target="_blank">100 Nicholson Street</a>, IVIE Residence is a boutique townhouse development site.
The 3,489sqm site is zoned LMR2 Low medium density residential (2 or 3 storey mix).
With bus services available within 300 metres, it was sold by Robert Dunne and Will Carman of Savills Australia. 
According to Robert Dunne, director, Commercial Sales, at Savills Australia, this is an exciting opportunity to develop the final stage of IVIE Residence, a multi stage development comprising 26 x 3-storey townhouses.
"Stage 1 has been completed and contains 5 x 4 bedroom townhouses with direct frontage to Nicholson Street and Stage 2 is approved and ready to go”. 
Stage 2 comprises 21 premium townhouses offering 9 x 3 bedrooms and 12 x 4 bedrooms, serviced by 43 car parks.
Mr Dunne said the campaign saw 192 interested parties and 69 Due Diligence distributed throughout the four week campaign. 
Greenslopes is an established residential suburb that has a population of approximately 8,936 residents, which predominantly comprises independent youth and maturing or established independents.
The median average weekly income in Greenslopes is $1,671, which sits above the Australian average.
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69 developers do due diligence on Greenslopes DA approved site

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Sherry and empanada bar operator, Double Tree International (Australia) Pty Ltd, has agreed terms on a new lease at South Yarra.
In a deal brokered by Teska Carson leasing agent, Reece Israel, the 47 sqm ground floor tenancy at <a href="https://www.realcommercial.com.au/leased/property-ground-floor-16-toorak-road-south-yarra-vic-3141-503307798" target="_blank">16 Toorak Road</a>, was let at $30,000 per annum on a three year term with two further three year options.
Mr Israel said the property benefitted from its prominent Toorak Road frontage.
He said the fully functioning kitchen with a large pizza oven had been a key factor for Double Tree.
"This is a great location for a food and beverage retailer with its close proximity to various transport options and excellent street exposure, while the premises is well suited to the client’s operational requirements,’’ Mr Israel said.
The lessor is a Melbourne based private investor. 
 
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Sherry and empanadas come to Toorak Road, South Yarra

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A new commercial building situated in a prominent corner position in the inner-Brisbane suburb of Ashgrove has sold in a deal representing a tight yield for Queensland.
The fully-leased medical and retail property at 9 Ashgrove Road, which also has frontage to Crawford street, was sold for $8.88 million at a passing yield of five per cent, with a passing net income of $444,300 per year.
It was purchased by GDA Diversified Property Trust having been listed by Eloper Group in a deal negotiated by Blake Goddard and Matt Barker of Knight Frank in conjunction with Michael Hedger, Darren Collins and Jack Morrison of CBRE.
Completed in May 2019, the Ashgrove building offers 618 sqm of medical/retail accommodation over two levels on an 800 sqm site with secure basement car parking for 26 vehicles.
It is 100 percent leased to three tenants including the Bank of Queensland, Ashgrove GP clinic and RecoverWise Physic, with 75 per cent of the income generated via the medical tenants, which are well- established in the precinct.
Mr Goddard said the campaign generated a suburban record for price per square metre of net lettable area of $14,369 and yield for an asset of this nature.
Mr Collins said the best interest came from the passive investors including numerous parties who work in the medical industry and were attracted to the strong lease covenants on this 100 per cent leased asset with an 8.5 year WALE (by income).
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It is set just 4.5km from the Brisbane CBD.
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Inner-Brisbane commercial building sold on tight yield during COVID-19

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GUEST OBSERVATION
Taxis have traditionally competed for kerbside space in our cities, but they now have many new competitors. <a href="http://theconversation.com/institutions/the-university-of-queensland-805"> </a>
In case you missed it, 2018 was designated the <a href="https://mobilitylab.org/2018/06/08/managing-the-chaos-of-the-21st-century-curb/" target="_blank">Year of the Kerb</a> by Sabrina Sussman, <a href="https://www.zipcar.com/" target="_blank">Zipcar’s</a> public partnerships manager. This is because competition for limited kerb space has been increasing over the past few years, particularly in cities.
The kerb is the place that provides “access” between the street and the footpath. The definition tends to include the lane beyond the kerb that is used for car parking, bus stops, taxi pickups and dropoffs, and loading and unloading goods.
But kerb competition is increasing from a range of new users including: car sharing, ride sharing, e-scooter share, bike share and e-bike share, food delivery, online order deliveries and, in coming years, autonomous vehicles.
And this increasing focus on the kerb is highlighted in recent reports by the <a href="https://www.ite.org/technical-resources/topics/complete-streets/curbside-management-resources/" target="_blank">Institute of Traffic Engineers</a>, the <a href="https://www.itf-oecd.org/shared-use-city-managing-curb-0" target="_blank">International Transport Forum</a> and North America’s National Association of City Transportation Officials (<a href="https://nacto.org/tsdg/curb-appeal-whitepaper">NACTO</a>).
With this range of new users, cities need to rethink how they manage this contested real estate. Without better kerb management, cities will face increased congestion on local streets from vehicles circulating to access the kerb and on footpaths from a range of shared mobility devices.
One change cities will need to make to accommodate these new users is to repurpose kerb space, which has traditionally been used for parking, to other uses. This change will most likely have a significant financial impact.
<a href="https://www.wired.com/story/city-planning-curbs/" target="_blank">One survey</a> of the 25 largest US cities found parking-related revenues totalled US$5 billion in 2016, or about US$129 per person. While repurposing kerb space will not affect all of this revenue, it will have an impact on city budgets. To minimise this impact, cities will need to think about if, and how, to charge new users of kerb space.
To manage kerbs, first identify the uses
The City of Seattle is one of the leaders in kerb management. The city categorised kerb use into six key functions:
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mobility for travel lanes, bike lanes and bus lanes
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access for people using bus stops, bike parking and loading zones
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access for commerce to deliver goods
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activation for <a href="https://theconversation.com/people-love-parklets-and-businesses-can-help-make-them-happen-87172" target="_blank">small parks</a>, food trucks and public art
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greening for plantings, rain gardens and bio-swales
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storage for parking, bus layovers and construction.
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One of the first in-depth analyses of the kerb was in San Francisco. As part of <a href="https://www.fehrandpeers.com/wp-content/uploads/2019/01/SF_Curb_Study_2018-10-19_web-download.pdf" target="_blank">this 2018 study</a>, commissioned in 2018 by Uber Technologies, the consultants (Fehr and Peers) developed a Curb Productivity Index (CPI). The index considered three things to compare productivity of kerb use.
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number of passengers using kerb space by mode
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time period the activity was observed
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total space dedicated to that use.
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How to calculate kerb productivity
The CPI is a useful way of quantifying the various competing uses for the kerb.
It’s calculated by dividing the amount of activity by the amount of space used, multiplied by the unit of time. For example, the CPI for a bus stop that uses 45 metres of kerb for 250 arriving and departing passengers over four hours would be: 250 passengers/(45 metres x 4 hours), or 1.39 passengers/metre-hours.
Alternatively, the CPI for a car space that uses five metres of kerb that services two passengers over four hours would be: 2 passengers/(5 metres x 4 hours), or 0.1 passengers/metre-hours.
The CPI shows a bus stop is 13.9 times (1.39/0.1) more productive than a car park.
This analysis of usage data provides some rigour in developing a kerb management plan.
Base management on ‘measurement over myth’
As a way forward, <a href="https://www.fehrandpeers.com/wp-content/uploads/2019/01/SF_Curb_Study_2018-10-19_web-download.pdf" target="_blank">Fehr and Peer recommend</a> a management strategy with three components:
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relocation of existing kerb uses to other areas
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conversion, which involves eliminating some current uses and replacing them with new uses
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flexibility, so kerb uses change depending on the time of day.
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Trials of flexible kerb management are under way in Washington DC, San Francisco and Fort Lauderdale.
In changing how the kerb is managed, the <a href="https://nacto.org/tsdg/curb-appeal-whitepaper/" target="_blank">2018 report</a> from North America’s National Association of City Transportation Officials recommends a “measurement over myth” strategy when converting parking to other uses.
Surveys on arrival mode consistently show public transport and active travel modes deliver more customers to adjacent businesses than private motor vehicles. <a href="https://www.torontocycling.org/uploads/1/3/1/3/13138411/cycling_economies_eglinton_final.pdf" target="_blank">Before-and-after studies</a> confirm that replacing parking with public transport or bike lanes increases sales for area businesses.
To manage the conflicting needs of car and bike users for roadside space, San Jose has created kerbside bike lanes separated from the road by car parking. <a class="source" href="https://www.propertyobserver.com.au/https://www.flickr.com/photos/willbuckner/45885808941"> </a>
While new mobility startups are part of the reason cities need to develop kerb management plans, other startups are developing new ways to manage this increasingly contested space. Some of these new companies include:
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<a href="https://www.coord.co/post/open-curbs-the-first-open-data-multi-city-platform-to-unlock-curbs" target="_blank">Open Curbs</a> from <a href="https://www.coord.co/" target="_blank">Coord</a>, a spin-off of <a href="https://www.sidewalklabs.com/" target="_blank">Sidewalk</a>, that provides wheelchair cuts, fire hydrants, bus stops and other physical kerb assets
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<a href="https://www.populus.ai/" target="_blank">Populus</a>, a San Francisco transport company that has developed a mobility manager that provides data on e-scooter and e-bike share parking data
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Remix, which has developed the <a href="https://www.remix.com/new-mobility" target="_blank">New Mobility tool</a> to analyse and visualise data-streaming feeds.
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These startups have raised millions of dollars, due in part to the recognised value of the kerb.
Cities need to make the transition from parking cities to pickup/dropoff cities and to flexible cities. For this to happen, cities will need to think strategically about how to manage their kerbs with the emergence of new users and new mobility management options.
One of the first steps in this transition is for cities to ensure data standards and data-sharing arrangements are established as part of the basis for giving new users permission to access the kerb.
<a href="https://theconversation.com/profiles/neil-sipe-346144" target="_blank">Neil Sipe</a>, Professor of Urban and Regional Planning, <a href="http://theconversation.com/institutions/the-university-of-queensland-805" target="_blank">The University of Queensland</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/competition-for-the-kerb-is-rising-and-cities-are-going-to-have-to-manage-it-117410" target="_blank">original article</a>.
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Competition for kerb is rising, cities have to manage it: Neil Sipe

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Rough sleepers across NSW are to benefit from the largest housing response dedicated to rough sleepers in NSW history with a program to secure homes rapidly from the private rental market underway.
Minister for Families, Communities and Disability Services Gareth Ward said the $36 million Together Home project would deliver stable housing and wrap-around support for hundreds of people experiencing homelessness.
“Part of this initiative is about finding people a place to call home, but the critical next step is supporting them with the services they need improve their health and wellbeing, and to rebuild their lives,” Mr Ward said.
“Our housing, homelessness and health providers will be working around the clock in coming months to help people take the first steps towards breaking the cycle of disadvantage and staying off the streets for good.”
Together Home will be delivered by the NSW Government, in collaboration with 19 community housing providers, specialist homelessness services and healthcare workers. 
The NSW Government has invested more than $70 million to prevent and respond to homelessness during the pandemic, on top of the more than $1 billion invested this financial year in housing and homelessness support.
The following Community Housing Providers will help deliver Together Home:
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<li>        Argyle Community Housing – South Western Sydney, Murrumbidgee, Far West and Western NSW</li>
<li>        Bridge Housing – Sydney, South Eastern Sydney and Northern Sydney</li>
<li>        Community Housing Limited – Mid North Coast, Northern NSW and New England</li>
<li>        Compass Housing Services – Hunter Central Coast</li>
<li>        Evolve Housing – South Western Sydney, Western Sydney and Nepean Blue Mountains</li>
<li>        Homes North – Mid North Coast, Northern NSW and New England</li>
<li>        Homes Out West – Murrumbidgee, Far West and Western NSW</li>
<li>        Housing Plus – Murrumbidgee, Far West and Western NSW</li>
<li>        Hume Community Housing – South Western Sydney</li>
<li>        Link Housing – Sydney, South Eastern Sydney and Northern Sydney</li>
<li>        Metro Community Housing – Sydney, South Easter Sydney and Northern Sydney</li>
<li>        Mission Australia Housing – Mid North Coast, Northern NSW and New England</li>
<li>        North Coast Community Housing – Mid North Coast, Northern NSW and New England</li>
<li>        Pacific Link Housing – Hunter Central Coast</li>
<li>        Southern Cross Community Housing – Illawarra Shoalhaven and Southern NSW</li>
<li>        St George Community Housing – Sydney, South Eastern Sydney and Northern Sydney</li>
<li>        Illawarra Community Housing Trust – Illawarra Shoalhaven, Southern NSW</li>
<li>        Wentworth Community Housing – Western Sydney, Nepean Blue Mountains</li>
<li>        Women’s Housing Company – Sydney, South Eastern Sydney Northern Sydney and South West Sydney.</li>
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Community housing providers to assist NSW rough sleepers 

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Sentinel Property Group has revamped its executive leadership structure as its looks to take advantage of any opportunities in the commercial real estate sector arising from the economic challenges of the COVID-19 pandemic.
Sentinel managing director and CEO Warren Ebert said with the Group also marking its 10th year of operations, the continued execution of its succession plan would coincide with the next phase of the non-listed real estate investment trust’s (REIT) growth.
"Many of our office, retail and industrial properties have a strong tenant base and provide us with a solid income stream, even in these challenging times," said Ebert who will become the group’s executive chairman and chief investment officer, effective from July 1, 2020.
Its chief operating officer (COO) Stacey Jones has been appointed CEO, effective from the same date.
Sentinel was established by Mr Ebert in 2010 when the commercial property market was still recovering from the global financial crisis.
Sentinel has since built a national portfolio of more than 50 retail, industrial, office, land, tourism infrastructure and agribusiness assets with a total value in excess of $1.13 billion.
“The Sentinel philosophy has been to see opportunity where others fear to tread and there were many instances post-GFC,” Mr Ebert said.
“How lucky are we to find ourselves with another opportunity to achieve more strong results for our highly valued investors.”
While Sentinel has still performed strongly since the COVID-19 outbreak, Mr Ebert said the strengthening of the management structure in line with the succession plan was timely with the impact on the economy prompting a review of the Group’s operations.
“This has been a good time to look at how we are doing things and I believe the move away from being CEO will allow me to step back and focus more on our investors, sales and acquisitions, leasing, value-add opportunities as well as Ebert family business,” he said.
“Our plan for Stacey to take on direct full-time responsibility for the management of the Sentinel office is timely: all staff are now all back to work full-time in our Brisbane CBD headquarters after mixing working from home with returning to the office two to three days a week.”
After almost a decade as a commercial property lawyer, Stacey Jones joined Sentinel in 2012 as an investor; her initial executive role was as General Counsel. She quickly moved to COO, where she demonstrated her leadership abilities and passion for the organisation. 
 
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Leadership revamp for Sentinel

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Falls from heights are the number one killer on NSW construction sites so construction sites across north-western Sydney can expect a visit from SafeWork Inspectors this week who will be targeting unsafe working systems across all building trades.  
Minister for Better Regulation, Kevin Anderson, said following a number of incidents on worksites throughout the state, inspectors will be on the ground focusing on high risk activities, to ensure workers on construction sites are kept safe. 
“Inspectors will be undertaking a compliance blitz on construction sites to make sure those most at risk from workplace injury are protected by safe systems of work,” Mr Anderson said. 
“Far too often our inspectors identify concerns with the way scaffolding is set up and other dangers involving working from heights so we will be targeting this area in particular.
“Falls from heights are the number one killer on NSW construction sites with most people who are seriously injured or killed falling from a height of four metres or less,” Mr Anderson said. 
Following the NSW Government’s introduction of the strongest workplace legislation in the country earlier this month, heavy on-the-spot fines will be issued to anyone who puts workers’ lives at risk through unsafe or unlicensed work activities. 
“We’re lifting workplace safety in NSW by making it everyone’s responsibility, and sending a clear message that those who puts workers at risk can now face jail time,” Mr Anderson concluded.  
For more information on SafeWork’s operations and work health and safety advice, visit <a href="http://www.safework.nsw.gov.au/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www.safework.nsw.gov.au&amp;source=gmail&amp;ust=1593473055413000&amp;usg=AFQjCNFWwqlyxcsqcO_Nbsrxa32Nns1PuA">www.safework.nsw.gov.au</a>
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Safety inspections planned for north-western Sydney construction sites

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The Commonwealth Bank of Australia has achieved the highest number of Green Star certifications for a non-property organisation, reaching 30 certifications across its bank branches.
Commonwealth Bank became one of the first users of the Green Building Council of Australia’s Volume Certification Program, and since 2016 has certified 30 branches to a 5 star rating or above.
CEO of the Green Building Council of Australia, Davina Rooney, said this significant achievement has helped to advance better design and construction outcomes throughout Australia.
“Commonwealth Bank was one of the first users of Green Star and one of the early adopters of our volume certification program,” Ms Rooney said.
“They have paved the way for other financial institutions, as well as industrial facilities, retail stores and restaurants to achieve volume Green Star certification across a number of projects.”
“Commonwealth Bank’s adoption of Green Star, along with their participation in the Global Net Zero Carbon Buildings Commitment puts the bank at the forefront of green leaders worldwide.”
Jennifer Saiz, Executive General Manager Group Property and Security, Commonwealth Bank, said: “We aim to drive positive change through good business practice and one way we achieve this is through our sustainable branches.
“We are proud to be the first Australian financial institution to achieve a 5 Star Green Star certification for our retail design standards and we are thrilled that 30 of our branches have now achieved Green Star certification,” Ms Saiz said.
Volume certification allows the certification of a group of projects sharing similar features.
Ms Rooney said more companies are choosing volume certifications as it enables elements of a design to be certified once and then replicated on future projects to achieve a Green Star rating.
“Volume certifications for Green Star are growing rapidly as more companies see the value in reducing costs, future-proofing assets, and helping more people enjoy the many benefits working in a Green Star environment,” Ms Rooney said.
Commonwealth Bank’s office fitouts and bank branches use low chemical paints, Forestry Standard certified timber and water-efficient fixtures and fittings. They have also seen energy cuts of 40 per cent compared with typical branches.
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Commonwealth Bank leads the way in Green Star certifications

<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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[smartcode_project:default project_id=149670 project_image_fid=360981]

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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[smartcode_project:default project_id=149670 project_image_fid=360966]

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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[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

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

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

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