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The real estate group, McGrath Estate Agents, has reaffirmed its commitment to the Illawarra region announcing the opening of a new office in Thirroul.
It is under the auspices of its longtime franchise partner, the McCarthy/Sutherland Shire &amp; Illawarra Group led by Patrick McCarthy.
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John McGrath said McCarthy and his team had established their south coast market presence over eighteen months ago.
"So opening in Thirroul will be a value-add to their community of buyers and sellers alike.
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“Thirroul itself offers low density beachside living that is increasingly appealing to both Sydneysiders wanting an escape as well as those who are attracted to his wonderful lifestyle, amenity, and its proximity to Sydney and the regional cities of Wollongong and Canberra,” Mr McGrath added.
Last December Jeremy Hodder, joined the group and will now be partnering with Vanessa Denison-Pender, former director of One Agency Thirroul, to open the new office.
Vanessa has been in the industry for 17 years and has been a principal in the area for eight years. 
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Mr Hodder believes that the affordability of the area is particularly attractive and in reach of first home buyers and empty nesters as well as the WFH commuter.
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McGrath Thirroul speciality suburbs include Thirroul, Austinmer, Wombarra, East Corrimal, Coledale, Towradgi, and Bulli.
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“The out of area migration from Sydney is becoming increasingly popular," Vanessa said.
Thirroul is only 80kms from the south of Sydney and many more people are becoming comfortable with this commute to put themselves in a better financial position.
“Since the onset of COVID-19, we have experienced a large number of enquiries from Sydney not only for relocation opportunities but also for investment options, this includes weekenders and beach holiday homes”.
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With an average median house price for Thirroul is $1,225,000; Vanessa Denison-Pinder has achieved some sales results in the last six months including: 
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11 The Grove Austinmer – A street record for a 4 bedroom home sold for $2,925,000
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21 The Grove Austinmer – A 3 bedroom home sold for $1,600,000
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28 The Waves Thirroul – A street record for a 5 bedroom home sold for $1,465,000
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686 Lawrence Hargrave Drive, Coldale – A Beachfront 4 bedroom home sold for $2,410,000
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Recent sales by Jeremy in the last six months include: 
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10a Toxteth Avenue, Austinmer – Brand new 3 Bedroom home sold for $2,350,000
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3 The Breakers, Thirroul – A 4 bedroom home sold for $2,325,000
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347-349 Lawrence Hargrave Drive, Clifton – Set a new suburb record for Clifton sold for $3,375,000
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j.ballantyne1990-6AQqhLzZaK

McGrath expands Illawarra footprint with an office in Thirroul

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Expert Observation by Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital
Introduction
This economic and fiscal update is the first since December’s Mid-Year Economic and Fiscal Outlook when budget surpluses looked just around the corner. Since then things have changed dramatically due to the hit from coronavirus and necessary support measures from the Government.
Policy stimulus
The statement provided no new policy stimulus measures beyond those that have been announced in the last two weeks:
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$2bn in spending on subsidies for apprentices &amp; JobTrainer;
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<li>An estimated $16bn to extend JobKeeper to March next year but with payments stepping down to $1200 and then $1000 a fortnight for those who worked 20 hours or more per week in February and to $750 and then $650 for others and businesses having to meet the turnover reduction test at the end of the September and December quarters to keep receiving it; and</li>
<li>An estimated $3.8bn to extend the JobSeeker Supplement to December at the pared back rate of $250 a fortnight.</li>
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This additional $22bn in spending along with prior coronavirus- related economic support (in the form of actual spending, tax breaks and health measures) takes the COVID-19 response package to nearly $174bn. JobKeeper is the main element in this, but it also includes the JobSeeker supplement, payments to businesses and payments to eligible households. There is also loans &amp; guarantee support (from the government and RBA) worth $125bn or just over 6% of GDP.
Proposals to bring forward the tax cuts and provide additional investment incentives look to have been pushed out to the October budget and additional industry support packages are also likely. The Government may have delayed this extra stimulus to gauge how much additional help will be required with a lot riding on how quickly the latest outbreak of coronavirus is brought back under control. Spreading out the announcement of new stimulus measures may also get more bang for the buck in terms of the boost to confidence. 
Economic assumptions 
The Government is forecasting the economy to contract this financial year by -2.5 per cent, its biggest financial year contraction since 1946-47. But this masks a "record" -7 per cent contraction in June quarter GDP and a gradual recovery from the second half of this year. The Government is a bit more optimistic than we are in terms of economic growth and unemployment. 
<img src="https://www.urban.com.au/images/2020/7/24/27_Economic%20Assumptions.png" alt="">
Budget deficit projections 
The Government's revised budget projections and our own are shown below. These should be treated with greater than normal caution given the uncertain economic outlook. 
<img src="https://www.urban.com.au/images/2020/7/24/27_Budgets.png" alt="">
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The hit to the economy and hence revenue and expenditure since the Mid-Year Economic and Fiscal Outlook last December is huge at $72bn for this financial year and is shown in the line called “parameter changes”. It should gradually start to diminish as the economy recovers. Policy stimulus (mainly due to the coronavirus response but also other things) since last December is shown in the line labelled “Total stimulus”.
As a result of the Government’s fiscal response and the hit to revenue from the economic downturn, the Government projects the budget deficit to further blow out from around $86bn for the past financial year to a record $184.5bn this financial year.
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While it does not provide projections beyond this financial year the implication is that the deficit will decline in future years as support programs phase down and the economy recovers. On the Government’s projections this would see the budget deficit as a share of GDP peak at around 9.7% of GDP in 2020-21, which would be its highest since World War 2. We continue to see a bigger deficit for this financial year of around $220bn reflecting both a bigger hit to revenue and additional stimulus of around $17bn to be announced in the months ahead, including in the October budget. This is likely to include the bring forward of the 2022 tax cuts, more investment incentives and more industry support programs. The budget deficit blow-out will add about 20 per cent of GDP to public debt out to 2022. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/24/27_Deficit%20.jpg" alt="">
Assessment
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The additional $22bn in stimulus announced over the last two weeks is welcome and will help turn the fiscal cliff in October into a fiscal slope. The boost to stimulus announced in the last two weeks takes Australia’s total level of coronavirus related fiscal stimulus (excluding loans and guarantees) this year up to 8.7% of GDP, which is well and truly at the high end of comparable countries. This should aid the economic recovery.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/24/27_4.jpg" alt="">
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However, it’s doubtful that this will be enough given the long tail of unemployment flowing from the coronavirus shock. We estimate that were it not for JobKeeper and people leaving the workforce the effective unemployment rate would currently be 11.3%, which is well above the official measured rate of 7.4%. This has fallen from 14.8% in April thanks to the reopening of the economy, but with the threat to the recovery posed by the second wave of cases in Victoria and the lockdown in Melbourne and the risk of a flow on to NSW, effective unemployment may only fall to around 10% or so by September and maybe 9% or more going into next year, so continued income support is essential. The Government’s focus now shifts to economic reforms in the October budget and this is likely to include even more fiscal support, as noted earlier.
Our assessment remains that the blow out in the budget deficit is affordable. First, it’s absolutely necessary as were it not for the support measures the economic hit would be far greater.
Second, it makes sense for the public sector to borrow from households and businesses at a time when they have cut their spending, and to give the borrowed funds to help those businesses and individuals that need help.
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Third, the support programs are targeted at current needs so shouldn’t lead to permanently higher government spending.
Fourth, Australia’s starting point for net public debt last year was low at 23% of GDP compared with other advanced countries averaging 83%. See the next chart. And even with projected budget deficits it will remain relatively small.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/24/27_5.jpg" alt="">
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Fifth, borrowing to finance the budget deficit is in Australian dollars and we are not dependent on foreign creditors, so we are not vulnerable to a “foreign currency crisis.”
Finally, the cost of Government borrowing is very low at around 0.85% for ten years and 0.25% for three years.
Implications for the RBA
Ongoing Government support for households and businesses is not enough to change our assessment that the RBA will need to keep cash rate near zero for years ahead and possibly need to undertake more quantitative easing in the face of ongoing spare capacity in the economy and below target inflation.
Implications for Australian assets
Cash and term deposits – with the cash rate unlikely to rise from 0.25% for years, returns from cash and bank term deposits will remain low for a long time to come. That said the budget stimulus and increase in money supply holds out at the prospect that at some point inflation and interest rates will rise. But it’s probably at least three years away.
Bonds – the surge in public debt and bond supply would all other things being equal, point to higher bond yields, but this is offset by massive spare capacity, low private sector borrowing, very low inflation and the cash rate capped at 0.25% for years it’s hard to see a lot of upside in bonds yields. That said, if coronavirus comes under control it’s hard to see a lot of downside either so medium-term bond returns are likely to be low.
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Shares – the addition of extra policy stimulus further helps to offset the hit from coronavirus and adds to confidence that growth will recover which is supportive of shares.
Property – ongoing income support is continuing to help the property market avoid a sharp fall in home prices but the negatives around high effective unemployment, the weak rental market and the collapse in immigration point to ongoing falls in prices into next year, particularly in Sydney and Melbourne.
The $A – ongoing fiscal stimulus at the high end of comparable countries coming at a time of rising commodity prices and a declining US dollar point to more upside for the $A.
Concluding comment
With private sector spending hit by coronavirus it makes sense for the Government to continue to help fill the breach and support the economy. The best approach to getting debt back down is to grow the economy aided by a reinvigorated economic reform agenda, but for a while yet government fiscal support will continue to be needed.
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Australian economic and fiscal update – record budget deficits, but more to come

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Major construction on the Parramatta Light Rail has started in the Westmead Health Precinct to provide crucial access to one of Australia’s largest health, education and research hubs.
Minister for Transport Andrew Constance said the Parramatta Light Rail will provide ‘turn-up-and-go’ services seven days a week, linking Westmead customers to rail, bus, ferries, and the future Sydney Metro West.
“These world-class health services and facilities will be more accessible than ever, taking the Westmead Health Precinct to the next level,” Mr Constance said.
“The precinct will cater to more than 40,000 full-time staff and 30,000 students by 2036 and building this type of infrastructure will be key to our economic recovery and will help get people back to work, important parts of the NSW Government’s COVID Recovery Plan.
“It’s vital we have strong public transport infrastructure in place to support this growth and deliver this legacy project for future generations.”
Upcoming work includes removing the road surface, replacing underground utilities and rebuilding the road.
Mr Constance said the Westmead Redevelopment project is one of the biggest health infrastructure projects in the state, intended to transform the Westmead Health Precinct and deliver an innovative, integrated facility that will continue to deliver high- quality healthcare for decades to come.
“We recently finalised work to prepare for the light rail in the area with the widening of Hawkesbury Road. These are big changes and we ask for your patience as we undertake significant works to create a connected, revitalised Westmead Health Precinct
The $2.4 billion Parramatta Light Rail will connect Westmead to Carlingford via the Parramatta CBD and Camellia, and is set to open in 2023.
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Light rail taking shape in Westmead

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Dwelling approvals showed a further weakening in June, reaching an 8 year low.
Total dwelling approvals fell 4.9% to be down nearly 20% over the last two months.
The detail showed weakness in the month was more broadly based than May’s unit driven fall.
Private sector unit approvals declined 5.3% mth to be down 23.4% qtr for Q2 as a whole.
Private sector detached house approvals posted a similar sized 5.7% decline in the June month but were more resilient for the quarter as a whole, down just 2.6% qtr.
On a monthly basis, all segments are down materially on a year ago.
All states recorded declines, although they were more pronounced in NSW (–14.8%), WA (–11.7%) and Qld (–10.9%), and more muted in SA (–4.6%) and Vic (–0.2%).
All states have seen double digit declines over May-June.
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National dwelling approvals fall further with NSW hit hardest

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GUEST OBSERVER
Australian universities are suffering revenue and job losses due to the current and projected loss of international students. A <a href="https://theconversation.com/australian-universities-could-lose-19-billion-in-the-next-3-years-our-economy-will-suffer-with-them-136251">Mitchell Institute</a> report has estimated the sector may lose up to A$19 billion in the next three years, while modelling from <a href="https://www.smh.com.au/national/universities-urged-to-bring-back-international-students-as-researchers-face-huge-job-losses-20200520-p54usd">Universities Australia</a> shows more than 20,000 jobs are at risk over six months, and more after that.
On April 3, Prime Minister <a href="https://www.pm.gov.au/media/press-conference-australian-parliament-house-act-030420">Scott Morrison said</a> international students in Australia could return home if they could not support themselves. Commentators <a href="https://theconversation.com/covid-19-increases-risk-to-international-students-mental-health-australia-urgently-needs-to-step-up-137596">feared such a flippant attitude</a> would cause Australia to lose its world class reputation if it didn’t come to the aid of international students.
Months of tension with China (the biggest source of Australian university <a href="https://www.propertyobserver.com.au/https://docs.education.gov.au/node/53021">international students</a>, at a third of the total) threatened to further jeopardise our international standing.
On Monday, the Australian <a href="https://www.theguardian.com/australia-news/2020/jul/20/australia-to-restart-granting-visas-to-international-students-to-lift-struggling-university-sector">government announced</a> it will restart granting international student visas and allow current students to count online study while overseas in a push to restart international education.
But how do we compare with some of Australia’s largest competitors?
Closed campuses
Australia imposed a <a href="https://theconversation.edu.au/article-132175">ban on travel</a> from China on February 1, stranding an estimated <a href="https://thepienews.com/news/aus-to-resume-student-visa-processing-among-measures-to-boost-sector/">87,000 students</a> abroad who were due to start their academic year in Australia in March.
By that time it was the middle of the second, or winter, semester for Australia’s big English language competitors in the northern hemisphere: the USA, UK and Canada. Most of these countries’ international students stayed to complete their semester, so universities did not suffer an immediate fall in revenue.
But universities in these countries did incur substantial <a href="https://assets.documentcloud.org/documents/6814099/Outlook-Higher-Education-US-18Mar20-1.pdf">additional costs</a> as many completed the semester by transferring teaching online at short notice.
While online education <a href="https://link.springer.com/chapter/10.1057/978-1-137-54943-3_10">meets similar standards</a> to campus-based education, students prefer face-to-face learning. This is particularly true for international students, who see immersion in a different culture as one of the main benefits of studying overseas.
In May, many <a href="https://www.insidehighered.com/digital-learning/article/2020/05/27/will-active-learning-be-possible-if-colleges-have-physically">US</a> and <a href="https://wonkhe.com/blogs/2020-a-space-and-timetabling-odyssey/">UK</a> universities announced bullish plans to teach their first semester in autumn, starting in September, face-to-face (or mask-to-mask). There were various provisions for plexiglass, physical distancing, masks and regular testing.
But even partial campus reopening plans <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Aren-t-Reopening-in/248803">were never credible</a> in the US when they were announced. Still, many universities in the competitor countries <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Aren-t-Reopening-in/248803">sought to maximise international enrolments</a> by maintaining at least a substantial part of their campuses would be open by September.
The US
US universities no longer seem to be nearly as strong competitors for <a href="https://www.insidehighered.com/news/2020/07/17/rescission-international-student-policy-directive-leaves-unresolved-questions-about">international students</a>. While the number of new COVID-19 cases has bumpily fallen in Australia, Canada and the UK, they have been <a href="https://covid19.who.int/region/amro/country/us">increasing in the US</a>.
When it became clear US universities could not responsibly open their campuses, they started <a href="https://www.educationdive.com/news/colleges-walk-back-their-fall-plans-as-coronavirus-cases-spike/581785/">reversing their announcements</a> of opening fully in September.
By July 20 some 53% of <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Here-s-a-List-of-Colleges-/248626?cid=RCPACKAGE">1,215 US universities surveyed</a> still planned to teach in person in September, 11% planned online education, 32% planned a mix of online and in person education, and 4% were considering a range of scenarios or had not yet decided their education mode.
US President Donald Trump sought to <a href="https://www.educationdive.com/news/trump-administration-amps-up-pressure-to-reopen-colleges/581166/">pressure universities</a> to open fully by making studying at least partly on campus a condition of international students’ visas. He soon reversed that order, but <a href="https://www.educationdive.com/news/colleges-brace-for-another-attempt-at-enrollment-limits-on-foreign-students/581662/">may issue an alternative</a> seeking the same effect.
US attractiveness as an international study destination is likely to be further reduced by the <a href="https://www.propertyobserver.com.au/https://www.chronicle.com/article/Colleges-Hoped-for-an/249206">instability in universities’ plans</a>, the uncertainty of federal immigration conditions, and continuing restrictions on entry from China and elsewhere.
The United Kingdom
Australian universities are in a much more similar position to UK universities, which are long time and powerful rivals for international students. They are expecting to <a href="https://wonkhe.com/blogs/the-ifs-on-the-covid-19-risk-to-the-sector/">lose substantially</a> from COVID-19’s suppression of international enrolments.
<a href="https://theconversation.edu.au/article-138514">Unlike Australia</a>, the UK government has granted <a href="https://www.gov.uk/government/news/government-support-package-for-universities-and-students">universities access to government-backed support</a> such as a job retention scheme which includes short-term contracts, and business loan support.
The UK government has also brought forward teaching payments and block research grants, and increased funds for students in financial difficulty.
Unlike Australia, the UK does not impose international travel restrictions but requires entrants from most countries including China and India to <a href="https://en.wikipedia.org/wiki/Travel_restrictions_related_to_the_COVID-19_pandemic#Europe_3">self-isolate for a fortnight</a> after entry. It will therefore remain a more attractive destination for new students until Australia lifts or at least relaxes its travel restrictions.
Canada
Canadian universities and colleges have some distinct advantages over their competitors for international students. They enjoy considerable financial and other <a href="http://higheredstrategy.com/welcome-to-the-2020s/">support from their national and provincial governments</a>.
While Canada’s average proportion of new COVID-19 cases is similar to Australia’s and the UK’s, these are concentrated in the biggest cities of Toronto, Montreal and their environs. The Atlantic provinces have Tasmanian levels of COVID-19 cases, and some of their universities attract <a href="https://higheredstrategy.com/cape-breton-you-have-to-be-kidding-me/">very high proportions of international students</a>.
Canada’s biggest competitive disadvantage is that while it will admit returning international students, it currently is <a href="https://www.canadavisa.com/coronavirus-covid-19-impact-canada-immigration-visa-border-latest-news#gs.b2clmu">not admitting new students</a> for the foreseeable future.
The Canadian government will grant permits to international students who study online from abroad, and <a href="https://ministers.dese.gov.au/tudge/supporting-international-students-support-australian-jobs">like Australia</a> this will count towards their eligibility for a post-graduation work permit. The government has also introduced a <a href="https://www.cicnews.com/2020/07/canada-makes-huge-changes-to-help-international-students-0715032#gs.ave1np">temporary two-stage approval process for international students</a> to expedite their approval to enter to study on campus when this is permitted.
But Canada is not likely to be a desirable destination for new international students until the government and then institutions can give a firm timetable and clear plans for studying on campus.
So, what should Australia do?
To remain competitive <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">compared to the UK</a>, Australian universities should keep prospective students updated on the issues that affect their study decisions such as entry requirements, start dates, and study and accommodation conditions. This communication should be targeted towards education agents and their clients, and be specific to individual students.
Few students and their parents are convinced about the <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">value</a> and <a href="https://www.idp-connect.com/en-us/newspage/international-higher-education/international-students-willing-to-quarantine-if-they-can-start-f2f-learning-sooner/">quality</a> of online education. And they fear much of the benefit of immersion in an English speaking <a href="https://www.hepi.ac.uk/2020/07/06/how-to-recruit-international-students-in-2020-communicate-communicate-communicate/">university environment</a> would be lost if spatial distancing required social distancing.
Australian universities will have to be as clear as they can about the benefits of the study and living conditions students are likely to experience here.<img src="https://counter.theconversation.com/content/142715/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
<a href="https://theconversation.com/profiles/gavin-moodie-6047">Gavin Moodie</a>, Adjunct professor, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>
This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/coronavirus-how-likely-are-international-university-students-to-choose-australia-over-the-uk-us-and-canada-142715">original article</a>.
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How likely are international university students to choose Australia over the UK, US and Canada?

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A waterfront residence situated in the heart of Mooloolaba, Queensland has been sold for $4.275 million. 
It was sold by Richard Scrivener and Loren Wimhurst of Next Property Group Maroochydore. 
Sitting on a 728 sqm lot, the <a href="https://www.realestate.com.au/sold/property-house-qld-mooloolaba-133890230" target="_blank">36 Culbara Street </a>home comes with a 30m water frontage. 
It comprises three bedrooms, two bathrooms and double garage. 
The home was last sold in 2005 for $2.65 million. 
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Waterfront Mooloolaba trophy home sold  

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A four-bedroom, five-bathroom house in Hunters Hill sold for $5.6 million through McGrath estate agents Tracey Dixon and Nicholas Cowdrill on July 3, 2020. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-hunters+hill-133731718" target="_blank">39 Barons Crescent property</a> is set in a blue ribbon address and showcases a glamorous façade. 
The luxury residence features flexible living and gathering spaces, an entertainers' terrace with barbecue area, a gas heated swimming pool and sauna, a lush landscaped garden, a home theatre room, study, and cellar.
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The Chef's kitchen showcases a marble bar, butler's pantry and cooler room. 
The four deluxe bedrooms each have access to a designated bathroom. 
The property was last sold for $1.3 million in 2011. 
According to Realestate.com.au, 56 other four-bedroom houses in Hunters Hill have recently been sold. A four-bedroom, three-bathroom home on Ryde Road sold for $3.1 million on June 12, 2020. 
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Luxury Hunters Hill trophy home sold for $5.6 million

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A tri-level Victorian terrace in Annandale has been sold for $2.32 million. 
It was sold $320,000 over the reserve price by Matthew Carvalho and Ercan Ersan of Ray white Surry Hills. 
The <a href="https://www.realestate.com.au/property-terrace-nsw-annandale-133750998" target="_blank">Terrace 9, 269 Trafalgar Street </a>home comprises of 250 sqm of indoor and outdoor living space. 
It consists of three bedrooms, zoned living and dining areas, entertainer's gas kitchen, private courtyard garden and roof terrace. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/5/annandale%202.jpg" alt="">
The home also features private entry, dormer windows double garage, and northerly district views.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/5/anandale%203.jpg" alt="">
It is located within close proximity to Jubilee Park, the harbour foreshore, Tramsheds gourmet dining hub and farmers markets.
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Tri-level Annandale terrace sold for $2.32 million

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A mortgagee property in Calliope has sold for $239,900, after spending 156 days on the market.
Located at 14 Fremont St, the home features four bedrooms, two bathrooms, and a double garage.
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The fenced block comprises 630 square metres.
The house has 151 square metres of internal floorspace.
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The address had previously sold in 2012 for $204,000.
Calliope's median house price is $270,000.
Kerry Connor, from Gladstone Real Estate, had the listing.
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Calliope mortgagee home sells for minor profit

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An unfinished mortgagee house in Doolandella has come onto the market.
Located at 34 Hanley Place, the property comprises 4669 square metres.
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The under-construction residence will have five bedrooms, two bathrooms, and a double car garage.
The address was previously sold in 2016 for $350,000, however construction had not begun on the current development.
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Doolandella’s median house price is $460,250.
The property will be sold by online auction.
Lauren Molijn, from LJ Hooker Browns Plains, has the listing.
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Unfinished Doolandella mortgagee home listed for sale

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Joel Robinson

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Staff reporter

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