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<div id="attachment_255069" class="wp-caption aligncenter">The Tasmanian suburb of South Hobart is the most in-demand location in Australia on realestate.com.au.</div>
A good sign for Hobart is that rental demand is also high, suggesting that it’s jobs growth, not property speculation that is driving the market, Nerida Conisbee, the chief economist of REA Group said.
<div id="attachment_255069" class="wp-caption aligncenter">She forecasts demand from buyers will continue to grow in her 2018 preview.</div>
<div class="wp-caption aligncenter"> </div>
<div class="wp-caption aligncenter">The CoreLogic data suggests a recent flattening in price growth at around a $530,000 median for houses. The unit median sits at $350,000.</div>
<div class="wp-caption aligncenter"> </div>
<div class="wp-caption aligncenter">Conisbee suggests buyer activity is coming from far less affordable locations such as Sydney and Melbourne, and offshore demand is also increasing.</div>
<div class="wp-caption aligncenter"> </div>
<div class="wp-caption aligncenter">Overseas demand is being driven largely by a push from Tasmanian universities to attract overseas students and renewed interest in the city as a tourism destination.</div>
<div class="wp-caption aligncenter">
"Hobart is a small market and speculation can be a driver of price growth, so it’s good news that rental demand is also high.
"It appears that the Tasmanian economy is changing from primarily government and agriculture to include growing tourism and education sectors."
The 10 most in-demand suburbs in Tasmania
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td>
Rank
</td>
<td>
 Suburb and Postcode
</td>
<td>
Median Price
</td>
</tr>
<tr>
<td>
1
</td>
<td>
South Hobart 7004
</td>
<td>
$541,000
</td>
</tr>
<tr>
<td>
2
</td>
<td>
Mount Stuart 7000
</td>
<td>
$612,500
</td>
</tr>
<tr>
<td>
3
</td>
<td>
Battery Point 7004
</td>
<td>
$954,000
</td>
</tr>
<tr>
<td>
4
</td>
<td>
Bellerive 7018
</td>
<td>
$500,000
</td>
</tr>
<tr>
<td>
5
</td>
<td>
Mornington 7018
</td>
<td>
$315,500
</td>
</tr>
<tr>
<td>
6
</td>
<td>
Hobart 7000
</td>
<td>
$662,500
</td>
</tr>
<tr>
<td>
7
</td>
<td>
North Hobart 7000
</td>
<td>
$633,900
</td>
</tr>
<tr>
<td>
8
</td>
<td>
Lindisfarne 7015
</td>
<td>
$455,000
</td>
</tr>
<tr>
<td>
9
</td>
<td>
Taroona 7053
</td>
<td>
$550,000
</td>
</tr>
<tr>
<td>
10
</td>
<td>
West Hobart 7000
</td>
<td>
$631,000
</td>
</tr>
</tbody></table>
Source: realestate.com.au
 Recently a four bedroom <a href="https://www.realestate.com.au/sold/property-house-tas-south+hobart-126666162" target="_blank">Lawley Crescent home</a> in South Hobart (below) sold for $570,000, slightly higher than the $530,000 median price for houses in the suburb.
It last traded for $142,500 in 1994.
<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/2018/1/10/lawley.jpg" alt="">
No house has sold in South Hobart under the median house price since October, which highlights the growing demand in the suburb.
That was a 1940s, former military house, two bedroom cottage on 600 sqm that fetched $474,000.
To find an apartment that sold for the median $350,000 in South Hobart you have to go back to early October when a <a href="https://www.realestate.com.au/sold/property-unit-tas-south+hobart-126501734" target="_blank">90 sqm two bedroom apartment</a> sold for $315,000. (top, the view from the apartment).
The most recent unit sale was a <a href="https://www.realestate.com.au/sold/property-unit-tas-south+hobart-126551710" target="_blank">three bedroom, two bathroom apartment</a> with two living areas that sold for $535,600.
It has nearly quadrupled in price over the last 15 years. The unit last sold in 2002 when it went for $135,000.
</div>
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j.ballantyne1990-6AQqhLzZaK

South Hobart is 2018's early bird property hot spot

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Horizons on the Beach on Tasmania's east coast has been listed for $1,295,000.
The<a href="https://www.realestate.com.au/property-house-tas-dolphin+sands-125922242" target="_blank"> beachfront reserve property</a> at Dolphin Sands, half way between Hobart and Launceston, sits within the expansive curve of Nine Mile Beach, with a backdrop of Coles Bay and the iconic Hazard, for which the Freycinet Peninsula is famous for.
Master built on two hectares with 85 metres of beachfront, the home has three bedrooms, three bathrooms and a separate media room. 
<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/2018/1/9/horizons2.jpg" alt="">
It is Smart Wired with HPM 1 control wiring, allowing to control of the lighting, music and heaters via a phone or computer.
Kerri's Coastal Realty agents Kerri and Ray Kennewell are marketing the home as Beauty and the Beach. 
 
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Horizons on the Beach listed at $1,295,000

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The apartment boom is over but it’s not a disaster, according to realestate.com.au economist Nerida Conisbee.
Despite some experts predicting a ‘bloodbath’ resulting from an oversupply of apartments in Melbourne and Brisbane, Conisbee suggests the reality is that there has been minimal fall out from the declining levels of construction.
"Building approvals are now trending downwards and although some apartments have lost value, the state of the market is pretty stable," she said.
Conisbee added that the level of building approvals for apartments will continue to decline in 2018 mainly because there are fewer investors in the market, but also because offshore developers, particularly from China, will be less active.
She tweeted a graph (below), highlighting the investor pullback.
She wrote "Investors are pulling back and this started to hit apartment demand in Sydney late last year. It is now extending to Adelaide. Meanwhile Perth seems to have turned a corner <a class="twitter-hashtag pretty-link js-nav" href="https://twitter.com/hashtag/housing?src=hash" data-query-source="hashtag_click">#housing</a><a class="twitter-hashtag pretty-link js-nav" href="https://twitter.com/hashtag/demand?src=hash" data-query-source="hashtag_click">#demand</a><a class="twitter-hashtag pretty-link js-nav" href="https://twitter.com/hashtag/property?src=hash" data-query-source="hashtag_click">#property</a>."
Click here <a href="https://www.propertyobserver.com.au/images/2018/1/9/rea.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/9/rea.jpg" alt="">
Envisaging a quieter housing market in 2018, there were four other key forecasts made by Conisbee.
1. US rate rises will make Australian mortgages more expensive, although the Reserve Bank of Australia is unlikely to budge on rates any time soon.
2. Sydney’s excessive housing price growth may soon be a thing of the past with demand decreasing and prices finally slowing down.
"In 2018 it’s unlikely we will see a big drop in prices in Sydney, but cooling demand will continue to affect house prices which are likely to be flat this year."
3. Look for the Hobart market to continue to rise in 2018. 4. Regional areas within commuting distance of Melbourne and Sydney have seen increasing buyer demand over the past 12 months on realestate.com.au. The most active have been Central Coast and Wollongong, with many suburbs appealing to Sydney buyers on the basis of affordability if they’re prepared to do a big commute.
In Melbourne, Geelong has been the big winner of price pressures in Melbourne, however suburbs of Ballarat are now starting to appeal to first-home buyers from Melbourne as well.
This year, these areas will continue to see buyer demand grow as they offer not just affordable homes but also the lifestyle that people want.
 
 
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The apartment boom is over, but not a bloodbath: Nerida Conisbee 

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Former Davis Cup player Mark Kratzmann and business partner Don Moffat have teamed up to create a riverfront property developer on Queensland's Sunshine Coast.
Unique in its direction, the residential development called The Ivy Picnic Point will also aid in the development of houses in India.
For every apartment sold in the 37 apartment building, a house will be built in India. There are also two penthouses. Kratzman says he and his family are set to move in to one of the apartments.
“This really has been a dream 40 years in the making, and I have so much faith in the end result that my family and I are counting down the days until we can move in with another 36 residents."
The Kratzmann Group has partnered with not-for-profit organisations Habitat for Humanity and B1G1 to build the houses.
More than 40 percent of The Ivy Picnic has sold, with 15 of the 37 two and three bedroom apartments recently snapped up.
Kratzman said a number of the buyers hail from Melbourne and Sydney, who have been drawn to the Sunshine Coast because of the warm climate and the developments waterfront location and lifestyle.
The project, The Ivy Picnic Point, is located on the Picnic Point Esplanade, looking out to Channel and Goat Island.
Speaking on the development in India, Kratzman noted that more than 73 million families in India do not have access to proper shelter.
“Habitat for Humanity supports people who have lost their homes in natural disasters or cannot afford to build their own houses,” he said. 
<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/2018/1/9/kratz2.jpg" alt="">
“Having recently travelled to India, I visited the Bawana slum in Delhi and was confronted with images of open sewers, children playing in widespread rubbish, and families with no access to clean drinking water.”
“It’s heartbreaking to see people – children included – living in such extreme poverty and poor sanitation and I’m determined to play a role in transforming the lives of those in need.” 
“It’s hard to fathom the troubling conditions these communities face on a daily basis and I certainly don’t take for granted how incredibly lucky we are to have such a high standard of living in Australia.”
“We’re excited to be helping transform many of the slum’s shanty homes into real houses with safe sanitation, and have received an overwhelmingly positive response from The Ivy Picnic Point buyers, who have embraced the initiative with open arms.”
The Ivy Picnic Point features a communal barbeque area, lap pool, steam room and gym, with all apartments incorporating Smeg and Miele appliances.
To find out more about the development, <a href="http://www.theivypicnicpoint.com.au." target="_blank">click here.</a>
Prices start from $499,000.
 
 
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Ivy Picnic Point development by Mark Kratzmann and Don Moffat to help develop homes in India

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The strata building bond and inspections scheme applies where a developer and builder enter into a contract from 1 January 2018 in NSW.
The scheme applies to building work to construct residential or partially-residential strata properties that are four or more storeys. Buildings that are three storeys or under are covered under the <a href="http://www.fairtrading.nsw.gov.au/sites/ftw/Tenants_and_home_owners/Home_building_and_renovating/Home_building_compensation_fund.page" target="_blank">Home Building Compensation Fund</a>.
This scheme includes a building bond and mandatory defect inspection reports. It provides a structured, proactive process that resolves building issues quickly and cost effectively.
Developers must lodge a building bond with NSW Fair Trading equal to two percent of the contract price for residential and mixed-use high rise strata buildings.
The building bond secures funds (up to the amount of the bond). The building bond can then be used to pay the costs of rectifying any defective building work identified in a final inspection report.
Stages in the process:
1. Preparing to lodge the building bond - The developer should prepare to lodge the building bond once they and the builder have entered in to a contract. The bond is equal to two percent of the contract value of work.
2. Bond lodgement - The lodgement is uploaded online through a form, with bond payment and supporting documents and information.
3. Appointing a building inspector - The developer sources a building inspector through the Strata inspector panel. The building inspector must be independent of the developer.
4. Interim inspection and report - The building inspector conducts their first inspection of the strata property and completes a report identifying any defective building work. This happens between 15 and 18 months after the building work has been completed.
5. Final inspection and report - The building inspector arranges with the owners corporation to conduct a final inspection of the property. This happens between 21 and 24 months after the building work has been completed.
6. Payment of bond - If there are no defects, the bond is released in full to the developer.
7. Completing the process - The Building Bond Secretary facilitates the release of the bond money. The owners corporation must use any money they receive to fix the defects identified. After the defects are fixed, any money left over must be returned to the developer.
Developers, building inspectors, builders, the owners corporation and a strata inspection panel will all be included in the process.
To read more about the building bond and inspections scheme <a href="http://www.fairtrading.nsw.gov.au/ftw/Tenants_and_home_owners/Strata_schemes/Building_bond.page" target="_blank">click here.</a>
 
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NSW strata building bond and inspections scheme process

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California is <a href="http://edition.cnn.com/2017/12/12/us/california-fires/index" target="_blank">burning</a> – a sentence we’ve heard far too often this year. Sydney is currently on <a href="http://www.news.com.au/national/nsw-act/fire-weather-warning-issued-as-sydney-braces-for-42c/news-story/5406ccff2b5a585cd823cf0cf6908822" target="_blank">bushfire alert</a>, as firefighters battle a fire in the Hunter Valley region and temperatures are set to top 40℃.
A cocktail of factors, from climate change to centuries of ignoring indigenous burning practises, means that catastrophic fires are likely to become more common.
One of Australia’s favourite fire prevention measures is prescribed burning – using carefully controlled fires to clear out flammable materials. We’re almost obsessed with it. Indeed, it seems the outcome of every major inquiry is that we need to do more of it.
The Royal Commission inquiry that followed Victoria’s 2009 Black Saturday fires <a href="http://royalcommission.vic.gov.au/Commission-Reports/Final-Report" target="_blank">recommended</a> that 5% of all public land in Victoria be treated per year – a doctrine that was subsequently dropped due to impracticality.
Yet our research, published <a href="http://www.publish.csiro.au/WF/WF17061" target="_blank">today</a> in the International Journal of Wildland Fire, modelled thousands of fires in Tasmania and found that nearly a third of the state would have to be burned to effectively lower the risk of bushfires.
The question of how much to burn and where is a puzzle we must solve, especially given the inherent risk, issues caused by smoke <a href="https://www.mja.com.au/journal/2016/205/9/rapid-assessment-impact-hazard-reduction-burning-around-sydney-may-2016?inline=true" target="_blank">smoke</a> and <a href="https://www.researchgate.net/profile/James_Ricketts/publication/252471836_Climate_Change_Impacts_on_Fire-Weather_in_South-East_Australia/links/54a86d870cf257a6360bdfea/Climate-Change-Impacts-on-Fire-Weather-in-South-East-Australia.pdf" target="_blank">shrinking</a> weather windows for safe burning due to climate change.
<h2>Why use computer simulations?</h2>
The major problem fire science faces is gathering data. Landscape-scale experiments involving extreme fire are rare, for obvious reasons of risk and cost. When a major bushfire happens, all the resources go into putting it out and protecting people. Nobody has the time to painstakingly collect data on how fast it is moving and what it is burning. We are therefore restricted to a few limited data sources to reconstruct the behaviour and impact of fire: we can analyse the <a href="http://www.publish.csiro.au/wf/WF05051">scar</a> on the landscape after a fire, look at case studies, or run <a href="http://www.sciencedirect.com/science/article/pii/S0301479712001752" target="_blank">simulations of computer models</a>.
Most research on the effectiveness of prescribed burning has been at a local scale. We need to start thinking bigger: how can we mitigate the effect of multiple large fires in a region like Tasmania or Southeastern Australia? What is the cumulative effect of different prescribed burning strategies?
<a href="https://images.theconversation.com/files/199366/original/file-20171215-26014-ff04t4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/199366/original/file-20171215-26014-ff04t4.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
A large fuel reduction burn off on Hobart’s eastern shore. <a class="source" href="https://www.flickr.com/photos/babomike/8889414172/" target="_blank">Flickr/Mike Rowe</a>, <a class="license" href="http://creativecommons.org/licenses/by-nc/4.0/" target="_blank">CC BY-NC</a>
To answer these questions, we create models using mathematical equations to simulate the behaviour of fires across actual landscapes. These models include the effects of vegetation type, terrain and fuel loads, under specific weather conditions. If we simulate thousands of these fires we can get an idea of where fire risk is the highest, and how effective prescribed burning is at reducing that risk.
The island of Tasmania offers the perfect study system. Self-contained, with a wide array of vegetation types and fire regimes, it offers an ideal opportunity to see how fire behaves across a diverse landscape. Perhaps more interestingly, the island contains large areas of flammable landscape surrounding <a href="http://www.parliament.tas.gov.au/CTEE/Council/Submissions/ET%202.31.pdf" target="_blank">globally unique</a> ecosystems and numerous towns and villages. Obviously, we cannot set fire to all of Tasmania in real life, but computer simulations make it possible!
So, encouraged by the Tasmanian Fire Service, who initiated our research, we simulated tens of thousands of fires across Tasmania under a range of prescribed burning scenarios.
<h2>Prescribed fire can be effective, in theory</h2>
The first scenario we looked at was the best-case scenario: what happens if we perform prescribed burning on all the vegetation that can handle it, given theoretically unlimited resources? It is possible this approximates the <a href="https://www.propertyobserver.com.au/http://www.tandfonline.com/doi/abs/10.1080/01426390701767278" target="_blank">sustained and skillful burning</a> by Tasmanian Aboriginal peoples.
Wildfire simulations following this scenario suggested that such an approach would be extremely effective. Importantly, we saw significant reductions in fire activity even in areas where prescribed burning is impossible (for example, due to the presence of people).
Unfortunately, this best-case approach, while interesting from a theoretical perspective, would require prescribed burning over more than 30% of Tasmania in one year.
We also analysed the effects of 12 more realistic scenarios. These realistic plans were less than half as efficient as the best-case scenario at reducing fire activity.
On average, 3 hectares of prescribed burning would reduce wildfire extent by roughly 1ha in grasslands and dry forests.
In other flammable Tasmanian vegetation types like buttongrass sedgelands and heathlands, the reduction in wildfire was even smaller. This is obviously better than no prescribed burning, but it highlights the fact that this is a relatively inefficient tool, and given the costs and potential drawbacks, should be used only where it is most needed.
This is a fundamental conundrum of prescribed burning: though it is quite effective in theory, the extent to which we would need to implement it to affect fire behaviour across the entire state is completely unachievable.
Therefore, it is imperative that we not just blindly burn a pre-ordained fraction of the landscape. Rather, we must carefully design localised prescribed burning interventions to reduce risk to communities.
<h2>We need a multi-tool approach</h2>
Our study has shown that while prescribed burning can be quite effective in certain scenarios, it has serious constraints. Additionally, while we analysed these scenarios under bad fire weather, we were not able to analyse the kind of catastrophic days in which the effect of prescribed burning is <a href="http://www.sciencedirect.com/science/article/pii/S0301479713006531" target="_blank">seriously reduced</a>, with howling dry winds and stupefying heat.
Unfortunately, due to climate change, we are going to see a lot more catastrophic days in the future in <a href="http://www.publish.csiro.au/WF/WF13126" target="_blank">Tasmania</a> and indeed <a href="https://www.nature.com/articles/s41559-016-0058" target="_blank">globally</a>.
In Hobart this is of particular concern, as the city is surrounded by tall, wet eucalypt forests that have had fifty years grow dense understoreys since the 1967 <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2017-02-06/tasmanias-1967-black-tuesday-bushfires-explained/8241698" target="_blank">Black Tuesday</a> fires. These have the potential to cause some of the <a href="http://www.sciencedirect.com/science/article/pii/S0378112799000663#BIB16">most intense</a> fires on the planet should conditions get dry enough. Prescribed burning is impossible in these forests.
To combat fire risk we must take a multi-pronged approach that includes innovative strategies, such as designing new <a href="https://www.fs.fed.us/rm/pubs/rmrs_gtr292/2001_finney.pdf" target="_blank">spatial patterns</a> for prescribed burning, <a href="http://www.tandfonline.com/doi/abs/10.1080/00049158.2017.1311200" target="_blank">manually removing</a> fuels from areas in which prescribed burning is not possible, <a href="https://www.mssanz.org.au/modsim2017/H10/sharples3.pdf" target="_blank">improving the standards</a> for buildings and defensible spaces, and most importantly, engaging the community in all of this.
<img src="https://counter.theconversation.com/content/89167/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Only by attacking this problem from multiple angles, and through close collaboration with the community and all levels of government, can we effectively face our fiery future.
<a href="https://theconversation.com/profiles/james-furlaud-430100" target="_blank">James Furlaud</a>, PhD Student in Fire Ecology, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a> and <a href="https://theconversation.com/profiles/david-bowman-4397" target="_blank">David Bowman</a>, Professor, Environmental Change Biology, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/to-fight-the-catastrophic-fires-of-the-future-we-need-to-look-beyond-prescribed-burning-89167" target="_blank">original article</a>.
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To fight the catastrophic fires we need to look beyond prescribed burning

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A Mooloolaba home that is believed to have been visited by legendary actor Sean Connery has been listed for sale.
The visit was during the Cilento family ownership of the home known as the Butterfly House.
The ABC suggested Diane Cilento visited the folks on one occasion with Sean Connery when they were married.
The <a href="https://www.realestate.com.au/property-house-qld-mooloolaba-126438474" target="_blank">1950s charmer</a> at 135 Buderim Avenue, Mooloolaba with retro fittings and stylings last traded for $476,000 in 2013. When it was first listed last year it had price hopes of $1.29 million after a full-scale renovation.
Before its 2013 sale it hadn't changed hands since 1977.
<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/2018/1/9/butterfly2.jpg" alt="">
The home has four bedrooms and three bathrooms. An indoor outdoor entertaining area comes with polished concrete floors and a vergola roof.
Jordan Barden at Define Property is marketing the Buderim Avenue home.
 
 
 
 
 
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Mooloolaba's Butterfly House once owned by the Cilento family listed

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Builder Rick Smith and his wife Shani have now put an asking price of $2.7 million on Christmas River, their 4000sqm estate fronting Jerrara Road, Jamberoo on the NSW south coast. 
Elders Real Estate agent Vivienne Marris was initially marketing the <a href="https://www.realestate.com.au/property-house-nsw-jamberoo-125195006" target="_blank">seven-bedroom property</a> at $2.785 million.
The family of eight children are off to a 20 hectare holding nearby.
<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/2018/1/9/jamb2.jpg" alt="">
The Smiths bought the property 11 years ago, knocking over two project homes with the replacement home made to look like we had been there for 100 years.
There is underground basement parking for 10 cars, a workshop plus a double carport.
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Builder's own Jamberoo home

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A home at Cabarita Beach in the Tweed Coast has been listed with $3,795,000 hopes.
The home, marketed as the <a href="https://www.realestate.com.au/property-house-nsw-cabarita+beach-127252718" target="_blank">King of the Hill</a> because of its premier oceanfront position atop Cabarita Headland, offers 360 degree vistas from its five levels.
It last sold when bought by the Williams family for $2.6 million last year. It had $2.95 million price expectations.
The luxury 1090 sqm home has five bedrooms, five bathrooms, a glass gatehouse entry, billiards room and executive office. The entry leave offers underwater views of the pool.
<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/2018/1/9/king2.jpg" alt="">
The swimming pool sits on the life-style levels which also features a spa and terrace.
A whole floor parents retreat comes with private gym, oceanfront balcony, dressing room, spa ensuite and private lounge room.
External stairs lead to the rooftop terrace which comes with approval for an entertaining space with bar and cabana.
Coastal Real Estate agent Mason Garten has the listing.
 
 
 
 
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Cabarita Beach home dubbed King of the Hill for sale

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A six bedroom, 40 square, modern home at Currumbin has been sold having $4.5 million hopes.
It was marketed as offering the very best of beachfront living situated on the preferred <a href="https://www.realestate.com.au/property-house-qld-currumbin-127222894" target="_blank">southern end of Currumbin Beach.</a>
It was set within a very short stroll of the patrolled swimming beach, cafes and boutique shopping, and surfing at The Alley, Currumbin Realty advised.
<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/2018/1/8/curr2.jpg" alt="">
The 557 sqm block last traded at $2.25 million in 2006.
It has been a holiday rental, with a minimum stay of three nights since its 2015 construction.
Off peak rates fetch $750 a night, while in peak season it fetches up to $1,200 a night.
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Pacific Parade, Currumbin trophy home sold at $4.5 million

Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Staff reporter

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