<html><body>
GUEST OBSERVATION
Gold Coast City Council has won a four-year legal battle with Boral Resources, with the courts upholding the council’s refusal to approve a proposed quarry because of its impacts on the amenity of local residents – including the area’s koalas. In some rare good news for local government in Queensland, which has been under a cloud lately, the Court of Appeal’s decision confirms that councils are entitled to rely on their own planning schemes when deciding on local development applications. Even though Boral had secured approvals from the Commonwealth and Queensland governments, the Queensland Court of Appeal has upheld the council’s decision to refuse Boral’s application to develop a quarry.
A quarry quarrel
The council took on Boral and won after a four-year battle. In May 2014, Boral Resources had applied to the council for a permit to develop a quarry over 65 hectares of land at Reedy Creek, west of Palm Beach. State planning instruments had identified this land as a key resource area of state significance. For Boral, the quarry would generate hard rock and overburden worth A$1.4-1.5 billion.
In January 2014, the federal environment minister, acting under the Environment Protection and Biodiversity Conservation Act 1999, approved the development. In July 2014, Queensland’s Department of Environment and Heritage Protection did likewise.
All that remained was council’s consent. But, even though its own planning officer recommended approving the development, on July 11 2014, the council refused Boral’s application. When the local protest is loud enough and big enough – 4,200 objections were received – then even the Gold Coast Council will hear!
<img src="https://images.theconversation.com/files/218556/original/file-20180511-34027-9dlg88.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Residents’ opposition to the quarry development was organised, loud and ultimately, after several years, successful. Stop the Gold Coast Quarry/Facebook
Not surprisingly, Boral immediately appealed that decision to the Planning and Environment Court. The court had to balance numerous competing interests to re-decide the merits of the case.
To some extent, the economic arguments were on Boral’s side. If the proposal did not proceed, competition could be reduced and the additional costs to the community could be around A$240 million over the life of the quarry, as even the Court of Appeal later accepted.
On the other side of the equation, the development would have adverse impacts on the amenity of nearby residents. These included creating ugly views and generating noise and dust by introducing an extra 450 haulage truck movements per day on local roads.
Judge Richard Jones decided the balance favoured refusing the application, confirming the council’s refusal.
Now the Court of Appeal has upheld that decision. The council, local residents and koalas have won the day.
The case also raises some points of more general planning interest. These relate to:
<ul>
<li>
the respective roles of state and local planning instruments
</li>
<li>
whether profitable economic development may legitimately be delayed to another day
</li>
<li>
whether protecting koalas requires protecting their habitat as well.
</li>
</ul>
State versus local planning instruments
In Queensland, the state planning policy identifies 16 state interests arranged under five broad themes. No one state interest is given priority over the others.
The Court of Appeal’s decision confirms it is the rightful business of local governments to balance and resolve competing state interests at the local level in their own planning schemes. Notwithstanding the site’s designation as a key resource area in state planning policy, the council had acted lawfully in relying on its own planning instruments to decide that adverse environmental and amenity impacts justified refusing the application.
Should good economic development be postponed?
Despite refusing the application, the judge conceded the resource should be protected for future exploitation when appropriate.
Boral argued this was an “irrational decision”. How would the amenity of residents and the survival of koalas be any less of concern in the future if they were so important even now? In Boral’s view, if this was a valuable economic resource (and everyone agreed it was), development now was the only sensible decision.
The Court of Appeal paid short shrift to this notion. It held that although the local planning instruments currently prevailed against an approval, amendments to these over time might alter the balance in favour of development. Local government, once again, is in the driving seat.
Do koalas need their trees?
Koalas are a recognised matter of environmental significance at Commonwealth and state levels. Developing the quarry would involve, over time, clearing 30,000 trees, including 23,000 koala habitat trees. The Planning and Environment Court judge recognised this would have an adverse impact in relation to a matter of environmental significance.
Boral had, like every other developer, argued conservation efforts at other sites (imposed as offsets) could produce a better outcome overall for koalas in southeast Queensland. The court dismissed this claim because the local planning scheme specified matters of environmental significance should be protected in situ.
Not to be defeated, Boral argued the judge confused koalas (a recognised matter of environmental significance) with koala habitat (of no particular status in this case). The Court of Appeal denounced this logic: "It cannot seriously be disputed that to destroy its habitat is to fail to conserve and protect it as a listed threatened species."
What are the broader planning implications?
The Boral litigation explores some really interesting principles for planning law and local governments.
<img src="https://counter.theconversation.com/content/96263/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Let’s just imagine, for a moment, a land use planning world where state planning policy is always applied with reference to the affected community’s vision for its neighbourhood; where councils regularly protect habitat for endangered species; and where, just occasionally, the drive for ever more resource development gives way to a holistic view of sustainable development … oh, what a different world that would be!
Philippa England, Senior Lecturer, Griffith Law School, Griffith University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/long-running-battle-ends-in-a-win-for-residents-koalas-and-local-council-planning-rules-96263" target="_blank">original article</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Long-running battle ends in a win for residents, koalas and local council planning rules: Philippa England

<html><body>
A Queensland property, set between Brisbane and the Gold Coast, has been sold by mortgagees for $341,000.
The three bedroom house was sold by Glenn Batten from First National Upper Coomera &amp; Yarrabilba earlier this month.
<a href="https://www.realestate.com.au/sold/property-house-qld-jacobs+well-127815842" target="_blank">Located at 1134 Pimpama-Jacobs Well Road</a>, Jacobs Well, the house comes with three bedrooms, covered rear entertaining area, and side access. 
Nestled on a 779 square metre block, it is only 600 metres to Jacobs Well Boat Ramp and opposite Riesenweber Park.
It had last sold at $368,000 in 2007.
According to CoreLogic, the suburb's median house price sits on $467,000.
</body></html>

Jacobs Well, Queensland home sold by mortgagee

<html><body>
Purple Bricks and agency groups like them are not “proper agents” as their television ads claim, industry leader Hayden Groves has claimed. 
"They are not properly negotiating the sale on behalf of the seller, taking on the risks nor managing the sale through to settlement because there’s no incentive for them to do so," he blogged this week.
"They’re not using ACCC approved contract documents either and if you want to use your own settlement agent, you’re forced to pay extra.
"That’s just weird," the Freemantle-based agent suggested on a blog which appeared on the REIA-funded website, the Real Conversation.
It renewed the campaign by the Deputy President of the Real Estate Institute of Australia who had previously attacked “pseudo agent” models.
Groves pointed out that “proper agents” are incentivised through the payment of a commission at settlement which ensures they work for their client from beginning to end to procure the best result possible.
"That is our responsibility by law."
Appropriately, an agent that fails to complete their task doesn’t get paid, he said.
"Comparatively, Purple Bricks charge no commissions but incentivises their agents to list your property for about $5,000 (including advertising), then effectively you’re on your own unless you pay for “extras”. 
The REIWA governing council re-elected Hayden Groves as the Perth institute’s president last October.
Groves claims WA Purple Bricks agents are not employees of the parent company and therefore must hold their own agent license.
He suggested of the 90 registered Purple Bricks participants in WA, "only three hold a license (sic) that enables them to act on a behalf of a seller; with the remainder (if not employees) breaking State laws." 
He pointed out Purple Bricks has fallen fowl of the Office of Fair Trading (OFT) in Queensland for alleged breaches of the Australian Consumer Law and Property Occupations Act (Qld 2004). 
Queensland’s regulator claim consumers were misled by Purple Bricks about additional services offered by them, despite the agency advertising ‘low, fixed fees’ for their services when selling property.
"Purple Bricks also failed to fulfill some of it's regulatory obligations around properly accounting for funds held in trust and some other technicalities that “proper agents” need to comply with."
</body></html>

Purplebricks aren't offering proper agents: Hayden Groves

<html><body>
The world's largest property owner Blackstone is selling its Top Ryde shopping centre.
Bought from receivers five years ago for $341 million, the private equity group has spent about $90 million on the Top Ryde complex.
Located 12 kilometres from the Sydney CBD, the centre includes a Coles, Woolworths, Aldi, Kmart, Big W, Harris Scarfe, Event Cinemas, 20 mini majors, 200 specialties and kiosks, and  parking for 2925 cars.
Its total shopping area space is 76,958 square metres.
Recent comparable shopping centre deals include AMP's purchase of Indooroopilly in Brisbane for $800 million and GPT's unlisted fund's $680 million purchase of a 25 per cent share in Highpoint, Melbourne. Both deals reflected sales prices of about 4.25 per cent. 
The Australian Financial Review suggests Top Ryde was likely to sell for about $700 million, a yield of about 5 per cent.
The shopping centre was valued at $840 million in 2008, Property Observer noted on its last sale.
</body></html>

Top Ryde shopping centre set to fetch $700 million as Blackstone moves to sell

<html><body>
Yuhu Group Australia has confirmed its settlement of the significant development projects at Circular Quay in Sydney and Surfers Paradise on Queensland’s Gold Coast.  
The landmark projects have been acquired from Wanda Australia Real Estate Investment by AWH Investment Group Pty Ltd, an Australian associate company of Yuhu Group Australia.
Yuhu confirmed One Circular Quay (above) and Jewel Residences (below) will each incorporate exclusive private residences, luxury five-star hotels as well as boutique retail and restaurants. 
Construction is well underway on the Jewel project which will feature three stunning, crystal-inspired towers of varying heights to take full advantage of a premier beachfront location. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/22/GC%20WANDA.jpg" alt="">
Meanwhile, demolition works are continuing at One Circular Quay in preparation for construction of a project that will further enhance Sydney’s world-renowned waterfront, in a prime position between the harbour bridge and Opera House. 
The projects combined are expected to represent about $2.8 billion of investment when completed and create more than 1,500 long-term jobs.
The chairman of Yuhu Group Australia, Xiangmo Huang said the Circular Quay project was an important part of a multibillion dollar rejuvenation plan for the Sydney CBD and waterfront.
“This is a transformational period for Sydney and we are very proud to be in a position to make a positive contribution to the urban renewal process through the highest quality of design and construction,” he said.
"These are investments for the future so our vision can be summed up as ‘built to last’ rather than ‘built to sell’,” he said. 
AWH director Jimmy Huang said the projects would set an extremely high benchmark. 
“These are outstanding development sites and there is a lot of anticipation about what we can deliver to realise their enormous potential,” he said. 
Yuhu Group CEO Nick Tobin said the acquisitions marked the beginning of an exciting new period for the company.  
</body></html>

Yuhu says Australian projects will be ‘built to last’

<html><body><div title="Page 1">
<div>
<div>
A new online property sales platform is being supported by the Real Estate Institutes in Western Australia (REIWA) and South Australia (REISA).
The platform, REBid, has been designed to be used by real estate agents, while offering benefits to both buyers and sellers.
Neville Pozzi, CEO of REIWA, said REIWA had partnered with REBid to offer an online solution that's "enhances the customer experience for the real estate buying public.”
Greg Troughton, CEO of REISA, said "the transparency of the online sales transaction enhances the integrity of the sales process.”
Both Pozzi and Troughton agreed REBid offered an alternative method of sale that would suit some, but not all, properties.
“It’s always up to the agent, in consultation with the vendor, to choose the most appropriate method of sale for each property – REBid simply offers another option to choose from” they said.
REBid has been developed by an Adelaide-based company, REBid Pty Ltd, whose founders combine both property and technology experience.
REBid CEO, Bill Waterhouse, said they "set out to work with the industry, not disrupt it.”
REBid is being launched at AREC 2018 on the Gold Coast on 27-28 May.
</div>
</div>
</div></body></html>

REIs in WA, SA support new online real estate REBid sales platform

<html><body>
<div>Ray White has appointed Adam Downes in its new national role, Head of Performance Management.</div>
<div> </div>
<div>Downes, currently Ray White’s head of agency operations in Queensland, will start his new role on July 1 after designing a benchmarking program called Pulse for the group’s business owners to measure themselves against. </div>
<div> </div>
<div>With more than 1000 business owners in the Ray White family, Ray White Group director Dan White said he was delighted with the gusto that Mr Downes’ had embraced this new opportunity. </div>
<div> </div>
<div>“This new specialist role has been created to improve the way we measure, recognise and assist the performance of all our business owners and the businesses they lead,” Mr White said. </div>
<div> </div>
<div>“Adam’s primary responsibility will be to introduce a new level of sophistication in this key area, which will in turn create more motivated leaders, improve our efficiency of focusing internal resources to improve office performance and measure the improvement we make as a whole.” </div>
<div> </div>
<div>Downes developed the new Pulse dashboard in collaboration with Harvard Professor Boris Groysberg to determine the lead indicators which drive results, plus the lag indicators which show where support was needed. </div>
<div> </div>
<div>“At Ray White are lucky to work with one of the best minds in organisational behaviour in the world in Prof Groysberg. So we have translated our sales agent recognition level now to the business as a whole, with Chairman’s Elite, Elite, Premier, Qualified and Unqualified businesses,” he said. </div>
</body></html>

Ray White appoints Adam Downes in new national role, Head of Performance Management.

<html><body>
Perth real estate agent Brian McKiernan has joined the national real estate network @realty.
McKiernan is the former operations manager and national recruitment manager of Sell Lease Property, which was acquired in December 2017 by The Agency Group.
At the time of acquisition, Sell Lease Property had 210 agents nationally and a revenue of $8.1 million.
McKiernan said he made the move to @realty, which has recruited more than 500 agents nationwide over the past four years, to continue to operate independently with the support of an administrative team.
"The Perth market is in a recovery phase - it's no secret that we are not in stride with the East Coast - and that's why it's even more crucial than ever to choose an agent who understands the local market and takes a tailored approach for each listing.
"Having said that, there is plenty to be optimistic about, with the economy improving and projected population growth looking solid, paving the way for growth in the market over the coming years."
@realty director JJ Taylor says it's a coup to have experienced agents like Mr McKiernan on board.
"Our 500 agents have an average  9.6 years of experience, which shows that we are attracting some of the best in the industry," he said.
"We offer commissions of 93 per cent compared to the industry average of 45 per cent, so there is a real incentive for our agents to work to their potential and to collaborate with other agents where necessary to get a faster result for the client.
"We also offer hundreds of hours of training and workshops, free of charge, to our agents each year to allow them to upskill and keep pace with the latest skills and techniques required to perform at the top level in the fast paced industry."
</body></html>

Former Sell Lease Property executive Brian McKiernan joins @realty in Perth

<html><body>
The 344-346 Sydney Road, Coburg (pictured below) premises have been leased to Permit Point Building Consultants for use as an administration office.
The 380 square metre building was leased on a 5 + 5-year lease term returning $55,000 per annum equating to $145 per square metre.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/9/3%20Everage%20St.jpg" width="700" height="425">
Craig McKellar of CVA has also just leased retail premises located at 3 Everage Street, Moonee Ponds.
It was leased for $28,800 per annum to a construction company for office administration purposes equating to a building rate of $288 for the 100 square metre premises.
</body></html>

Sydney Road, Coburg space leased by consultants 

<html><body>
A home in Enmore - dubbed an overgrown Angkor Wat - has been listed with $1.3 million hopes.
The derelict property, once a boarding house, has become so over grown with vegetation that the listing agent suggests it resembles the famed Cambodian temple where tree roots dominate the environment. No devatas adorning the <a href="https://en.wikipedia.org/wiki/Devata" title="Devata"></a>walls, just graffiti.
McGrath Newtown listing agent Damien West noted the home had "succumbed to the passage of time".
The Juliett Street offering is is being marketed as having three bedrooms and one bathroom, but there's no roof or internal walls, just vegetation amid sheets of corrugated metal.
The owners, the Goldberg family of Vaucluse, gutted it as they didn't desire the unwanted guests using the property as a squat.
West, who has a June 9 auction, says the 230 square metre block will be sought after by builders, adding its is set on Enmore's best street with an eight metre frontage
<a href="https://www.realestate.com.au/property-house-nsw-enmore-128383846" target="_blank">The property</a> last traded at $7200 in March 1966, the month after decimal currency was introduced.
 <img src="https://www.urban.com.au/images/2018/5/18/ENMORE%202.png" alt="">
</body></html>

Overgrown Enmore former boarding house for sale 

The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

Staff reporter

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News