<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

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

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

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

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

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

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="dcbb59af-3d5a-43aa-b28e-a66e55a83568" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Announcement.png?VersionId=6OD8r.v.oucEF01BWxR85urzoD9seQ9e" />

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

<img alt="mirvac" data-entity-type="file" data-entity-uuid="1c11c691-e8cd-46c3-88fd-6c8d614e8357" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/mirvac.png?VersionId=ZqDqNL36WJOOCmNMmmO93Q2GTrFOBomz" />Mirvac is a 5 Gold Star iCIRT rated developer, the highest possible rating a developer can get: Harbourside by Mirvac

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

<img alt="iCIRT" data-entity-type="file" data-entity-uuid="958e1497-8151-4689-aadc-baf59f6e6122" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/iCIRT-Infographic-Assessment-Process-Final.png?VersionId=7KyVcwSo4vCLXBYBdq382e3Si.R.9PWQ" />

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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Collingwood captain Scott Pendlebury has yet to sell his former Albert Park abode (pictured above), after it was passed in at weekend auction on a $1.5 million vendor bid.
<a href="https://www.greghockingrealestate.com.au/real-estate/property/717835/for-sale/house/vic/albert-park-3206/23-boyd-street/" target="_blank">The unfurnished three bedroom house </a>was among the 330 auctions across 158 suburbs on the Anzac Day weekend where the highest sale was 14 Hannaslea Street, Box Hill (pictured below) at $1.36 million.
<img src="/images/2014/04/28/BOX%20HILLE%20APRIL%2028%20ONE.jpg" alt="">
Pendlebury purchased the double-fronted Victorian house at 23 Boyd Street in late 2011 for $1.3 million, as he moved from <a href="/news/vic/scott-pendlebury-secures-newport-cottage-offer">Newport</a>.
On initial results, the REIV reported a clearance rate of 69%, the same rate as this weekend last year. It was 70% on the pre-Easter Saturday this year.
There were 242 auctions reported to the REIV taking the total this year to nearly 7,500 homes sold by auction with an average clearance rate of 71%. 
Next weekend the REIV expects about 830 auctions, Enzo Raimondo the REIV chief said. Then 10/11 May with 670 auctions and 17/18 May with 650 auctions.
The busiest auction locations were Epping (eight auctions), Carnegie (five auctions), and Rye (five auctions).
The number of auctions this week was lower than the 10-year average of 517 auctions per week in April due to the timing of Anzac Day. 
The REIV has noted clearance rates have trended lower since the beginning of the year although the number of transactions so far this year is about four percent higher than his time last year.
With his fiancee Alex Davis, Scott Pendlebury is now looking to buy something larger, possibly in much the same neighbourhood.
Pendlebury attended the recent no-bid auction on Nelson Road, South Melbourne (pictured below), a double-fronted five bedroom, three level Edwardian that was renovated a couple of years ago by architect Dean Lewis with interiors designed by Kerry Phelan. It has been listed with as yet unrealised $4.5 million hopes.
<img src="/images/2014/04/15/south%20melbourne%20april%2015.jpg" alt="">
Pendlebury's current three bedroom home has another bedroom in a self-contained studio at the rear.
John Holdsworth, of Greg Hocking Holdsworth, was quoting $1.5 million plus in the auction guidance on the prize corner holding with central living/dining space featuring dado panelling. 
In the meantime the narrower two bedroom cottage diagonally opposite <a href="https://www.realestate.com.au/property-house-vic-albert+park-116700439" target="_blank">has popped for May 10 auction</a>.
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jchancellor-FAypfDUnLy

Scott Pendlebury's off field Albert Park Anzac Day weekend offering passed in

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Unnamed property experts declared Fitzroy "the next Toorak" in weekend Fairfax Media silliness.
It was off the back of house price growth on Melbourne's north outpacing the south by 9.7% in the past five years.
"It is now more expensive to buy a home in Fitzroy than Windsor and Prahran," according to the news report.
But of course, Windsor and Prahran aren't Toorak.
The city's most expensive suburb remains Toorak, with a median house price of $2,430,000 in the March quarter – down from $2,875,000 in the December quarter. 
However, it was still above second place which was East Melbourne's $2,242,000 with a handful of mansion sales, and Kew in third place, with a $1,944,000 median, up from $1,700,000.
Fitzroy North's median house was $1,135,000.
And it's poorer cousin Fitzroy had a $1.08 million house median.
And anyway looking at the list, Parkville seems to outrank the near suburbs from the other side of Nicholson Street.
<table style="width: 460px;"><tbody><tr>
<td>TOORAK  EAST MELBOURNE*  KEW  BRIGHTON  MALVERN*  CANTERBURY*  BALWYN  ARMADALE*  MIDDLE PARK*  HAWTHORN EAST*  SURREY HILLS  CAMBERWELL  PORTSEA*  IVANHOE EAST*  HAWTHORN  ALBERT PARK*  PARKVILLE*  SOUTH YARRA*  SOUTH MELBOURNE*  SANDRINGHAM*  CAULFIELD NORTH*  ELWOOD*  GLEN IRIS  HAMPTON  MONT ALBERT*  BALWYN NORTH  BRIGHTON EAST  KEW EAST*  ELSTERNWICK*  BLACK ROCK*  BEAUMARIS  ALPHINGTON*  ASHBURTON*  MCKINNON*  MALVERN EAST  FITZROY NORTH*  ST KILDA EAST*  ORMOND*  ST KILDA*  CAULFIELD SOUTH*  PORT MELBOURNE  FITZROY*  BOX HILL*  PRAHRAN  BENTLEIGH  FAIRFIELD*  MONT ALBERT NORTH*  WINDSOR*  PARK ORCHARDS*  TEMPLESTOWE  CARLTON*  CARLTON NORTH*</td>
<td>$2,430,000  $2,242,500  $1,944,000  $1,915,500  $1,908,750  $1,804,000  $1,740,000  $1,670,000  $1,670,000  $1,669,250  $1,551,000  $1,525,000  $1,520,000  $1,516,250  $1,505,000  $1,487,500  $1,467,500  $1,455,000  $1,335,000  $1,320,000  $1,317,500  $1,310,000  $1,310,000  $1,307,500  $1,305,000  $1,301,500  $1,301,000  $1,270,000  $1,268,500  $1,240,000  $1,220,000  $1,208,000  $1,175,000  $1,155,000  $1,146,000  $1,135,000  $1,127,500  $1,110,000  $1,110,000  $1,095,000  $1,085,000  $1,080,000  $1,065,000  $1,060,500  $1,050,000  $1,050,000  $1,047,500  $1,047,500  $1,045,000  $1,033,000  $1,027,500  $1,005,000</td>
</tr></tbody></table>
Source: REIV
(*fewer than 30 sales)
The nine reasons Fitzroy/Fitzroy North will not be the next Toorak.
<ol>
<li>
The celebrity chef <a href="/news/chef-george-calombaris-sells-fitzroy-north-pad-as-he-upgrades-toorak-mansions">George Calombaris sold out of Fitzroy North</a> recently to upgrade Toorak residences to a $4.75 million French Provincial family residence with picture book windows overlooking Paul Bangay gardens. 
</li>
<li>The queues over summer outside the Messina gelato shop on Smith Street are too long. Best send the butler from the air-conditioned Toorak mansion to collect the salted caramel take-away tub. </li>
<li>
Clifton Hill holds first rights to the title as it was described back in the 1880s as the "Toorak of Collingwood". 
</li>
<li>
Fitzroy only had two salons, Unico and Redroom, on the recent <a href="https://www.theurbanlist.com/melbourne/a-list/where-get-melbourne-s-best-blow-dry" target="_blank" style="line-height: 1.3em;">The Urban List</a> of Melbourne's best blow dry. Toorak, and neighbouring South Yarra, had six entrants among the 16 salons. 
</li>
<li>The 3,200 Toorak houses have an average 640 square metre block size. Fitzroy North's 3,500 houses come with a 240 square metre average. Fitzroy's 2,300 houses sit on an even smaller 165 square metre average square metre holding. </li>
<li>
The typical Fitzroy fare is plant-based Latin cuisine highlighted by the Smith &amp; Daughters menu of pazole, paella, chorizo, ceviche and croquettes. There apparently isn't a single animal product on the premises.  
</li>
<li>
The top sale in the Fitzroy district has been $4.2 million since the 2012 sale of the charming <a href="/news/fitzroy-north-tops-sales-with-strathfield-seizing-sydneys-highest-result-for-second-consecutive-weekend">Walkley</a> set in 740 square metres of beautifully landscaped grounds on Alfred Crescent. Toorak has had around 250 sales above $4.2 million, topping out at <a href="/news/nigel-austin-the-cotton-on-retailer-chain-founder-the-one-towers-road-toorak-buyer">$21.5 when the Cotton On boss Nigel Austin bought last year</a>.  
</li>
<li>Around 40% plus of Fitzroy/Fitzroy North houses are semis or terraces compared to just 15% in Toorak. </li>
<li>Toorak is dominated by owner occupiers, with investors holding around 50% of stock in the Fitzroy precinct.</li>
</ol>
The pity was the captivating, though now amended, headline in The Age, "Million-dollar suburbs smash north-south divide", alluded to something significant occurring within the systemic divide, but then disappointed, I'd suggest in delivery.
And it has since come to light, from at least one of the unnamed experts, that they actually agree Fitzroy won't be Toorak. They were told "Fitzroy North becoming the Toorak of the north". What was reported was different.
Aerial photo of Fitzroy courtesy of Wikipedia/Creative Commons.
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The nine reasons Fitzroy will not be the next Toorak

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The professional matchmaker Yvonne Allen has sold her three-level inner city Melbourne pad for $1.3 million.
Allen, founder of Yvonne Allen &amp; Associates, and her partner Stephen Hopley, a former director of Macquarie who is now on the board of oil company MEO Australia, bought the three-level apartment at 10/130 Flinders Street in 2007 for $695,000.
The couple then commissioned architect Victoria Hamer to renovate <a href="https://www.melbourneboutiqueproperty.com/index.cfm?pagecall=property&amp;propertyID=2624823" target="_blank">the four bedroom apartment in the 1885 building</a>.
The Italian High Renaissance revival warehouse stood as the tallest in Flinders Street after being designed by W.H.Ellerker.
The converted warehouse has had nine residential apartments since 1993.
It sold through Gina Donazzan, of Melbourne Boutique Property, who was quoting $1.1 million-plus.
It features a private rooftop terrace with views towards Government House. Its open-plan living area comes with seven metre ceilings, exposed red brick walls, parquetry floors and original french doors.
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Matchmaker Yvonne Allen sells Melbourne warehouse penthouse

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The Sydney house price growth momentum might have actually faded in the March quarter, but it still retains the mantle of highest price growth with weak performances among many of the other capital city housing markets.
Some 6196 properties were reported as sold at auction so far this year in Sydney totalling $6.78 billion with an average $1,094,000 sale price.
But Australian Property Monitors has Sydney house and unit prices recording their lowest rates of growth since March last year.
Sydney’s median house price increased by 3.1% over the March quarter and although this is a solid result, it is nonetheless well down from the December quarter rate of 5.1%. The Sydney unit market also faded over March with prices increasing by 2.6% - again short of the 3.7% recorded during the three months to December 2013. 
Dr Andrew Wilson, the senior economist at APM, noted despite the declining trend in prices growth, Sydney was the best performer of the state capitals over the March quarter. 
Sydney's record house price was up 16.9% over the past year to $782,973 with the median unit price also at a record of $547,053.
Melbourne's median house price increased by 2.8% over the quarter to be 11.7% higher annually, exceeding $600,000 for the first time at $604,110.
Melbourne unit median increased by just 0.2% in the March quarter to $419,702. 
Dr Wilson noted Brisbane's rate of growth was a modest 0.9%, with Brisbane house prices increasing now for the seven consecutive quarter, though its median house price remains just below its previous June 2010 price peak. Annuall Brisbane house prices increased by 6.0% while unit prices increased by just 0.5%.
Adelaide’s modest housing market revival continued with the median house price increasing by 1.3% over the quarter, contributing to an increase of 4.1% for the year. Adelaide unit prices, however, fell by 1.2% over the quarter.
At $611,410, Perth’s median house price remained flat over the March quarter but this was up 8.4% over the year. Perth unit prices were down by 1.4% over the quarter, though its median unit prices were up by 5.4% annually.
Dr Wilson said the Canberra housing market remained subdued with the median house price falling by 2.6%over the March quarter and its median unit price up by just 0.2%.
Hobart house prices weakened over the March quarter falling by 2.5% with prices however increasing by 3.2% over the year.
Darwin’s median house price fell by 1.6% over the March quarter - the city’s weakest quarterly performance since June 2012. Darwin unit prices, however, increased by 2.1%.  House prices are now 3.9% higher than a year ago with unit prices up by 2.7%.
APM March quarter data put the national median house price at $614,348, up 2% over the quarter, the lowest rate of quarterly growth recorded in the past year and nearly half of that recorded in the December quarter. 
Dr Andrew Wilson, the senior economist at APM, said the varying capital city results reflected the disparity of the multi-speed recovery profile of the current growth cycle.
The national median unit price increased by 1.3% over the three months to March, again the weakest quarterly result for a year. 
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Sydney March quarter price moderation, but still far stronger than every other capital city: APM

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<div class="story-intro">
The London-bound former foreign minister Alexander Downer and wife, Nicky have listed Brampton House, their Adelaide Hills ­family home for 17 May auction.
He is set to become Australia's high commissioner to Britain, a job his father did in the 1960s.
Brampton House is named after the Derbyshire town where Mrs Downer was born.
<a href="https://www.toop.com.au/details.asp?id=17367" target="_blank">Toop &amp; Toop agent Arabella Cooper</a> is expecting $1.2 million plus for the five-bedroom, ­two-bathroom home set on four hectares where six cross bred Dorper sheep kept the grass down.
 
{qtube vid:=gABj61eVUrw}
The one-storey house, 20 minutes up the South Eastern Freeway from Adelaide, has a pool, tennis court and spring-fed dam.
There are views north-east over the Onkaparinga Valley.
</div>
The Downer's found the land at Mount George in 1988 while living in Macclesfield.
They are empty nesters as their four children no longer live at home. 
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London-bound Alexander Downer lists Adelaide Hills acreage home

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An unidentified cashed up Europe-based buyer - thwarting the nascent trend of Asian buyer interest in the Southern Highlands - has secured Chain of Ponds before this weekend's scheduled auction.
The property is the matrimonial farm of Sydney businessman farmer Peter Holmes à Court and his former wife, Divonne, who now lives in Saanen, Switzerland where the children are schooled.
It had been set for 26 April auction with $6.3 million plus hopes through <a href="https://www.mcgrath.com.au/buy/acreage-rural-mittagong-nsw-2575/194333/?searchID=38671885" target="_blank" style="line-height: 1.3em;">McGrath Bowral agent Anne Stone</a> and <a href="https://www.mcmillanrealestate.com.au/property-details/property-details?id=2237" target="_blank" style="line-height: 1.3em;">Howard McMillan from McMillan Real Estate Bowral</a>.
The sale price has not been revealed but Title Tattle is aware of $6 million plus offers.
APM reported Sydney vendors notched up a 78% Anzac Day weekend clearance rate, up on the 73% rate on the same weekend last year, with the highest recorded sale being 229 Prices Circuit, Woronora at $1,610,500.
With the wonderful autumn rains, Chain of Ponds presented picture perfect in the auction marketing, <a href="/news/gardens-mudrooms-grand-gates-private-lakes-and-fire-places-southern-highlands-trophy-home-requisites">as Property Observer columnist Margie Blok recently noted</a>.
The property is currently run as a beef breeding and fattening property on a large scale for the Southern Highlands but could easily be transformed into a high class horse stud. 
Occupying 145 hectares on Old South Road, the property has a six-bedroom residence renovated by Luigi Rosselli Architects.
It is set in extensive gardens designed by landscape luminary William Dangar.
At the western edge of the house paddock, Dangar planted acacias, hakeas and eucalypts all species endemic to the local area to form a screen for privacy and wind relief.
With potential for subdivision into three separate lots, Chain of Ponds is six kilometres from Mittagong and 11 kilometres from Bowral.
The Holmes à Courts oversaw the planting of 5,000 native trees linking the property with surrounding national parks. The property is well irrigated with 12 dams and the Chain of Ponds creek.
Title Tattle is aware of several trophy home sales over recent months, the most noteworthy being The Chase, on Oldbury Road at Sutton Forest through Bill Carpenter from W. McI Carpenter &amp; Associates at Bowral. The Chase, the historic trophy property, <a href="/news/malaysian-tycoon-teo-ah-khing-from-china-horse-club-snaps-up-historic-the-chase-at-sutton-forest">was bought for $5.8 million by the Malaysian horse racing tycoon Teo Ah Khing</a>.
It had been put to December 2013 auction through Bill Carpenter inconjunction with Campbell-Jones Property agent Angus Campbell-Jones. Last traded at $5.2 million in 2011, the 40 hectare property was offloaded by John Starr, a real estate franchise tsar of Sydney’s western suburbs.
Patchway on Ranelagh Road, Burradoo also sold in January to locals for about $4.2 million. It was the home of Lyn Wilson and her engineer husband Ken who Title Tattle recalls supplied steel fabrication for the Olympic Stadium at Homebush.
Still no settlement details on <a href="/news/gai-and-robbie-waterhouse-tipped-as-dunsinea-mittagong-cattle-farm-buyers">Dunsinea, the 40 hectare Mittagong, Southern Highlands NSW trophy property that has been sold for about $4.95 million</a>.
All the locals reckon that champion horse trainer Gai Waterhouse is their new neighbour, along with her extended family. Apparently the Waterhouses are thinking of selling their Clifton Gardens home and buying a Sydney apartment.
Dunsinea has views over the bushland of the Nepean State Conservation Forest. 
It was sold by Mark and Rosie Mitchell who developed the holding from the ground up after returning from the UK in 2002. They first tried to sell in late 2008 with $7 million plus hopes, then more recently with a $5.25 million asking price through Sam Triggs from Meares and Associates and Michael Maloney from Richardson and Wrench Bowral.
Set on the northern fringes of the Southern Highlands, Dunsinea comes with modern ‘rammed earth’ five bedroom sandstone home.
<a href="https://www.randw.com.au/1066175/" target="_blank">Dunsinea</a> is surrounded by 100 acres of rolling grazing land, some 15 kilometres from Bowral.
The house is srrounded by its green and white garden, complete with 10 metre heated pool and all weather tennis court. There is also a guest cottage.
The main residence boasts 300mm - 450mm thick walls and 10 foot high ceilings.
Title Tattle recalls Margie Blok, after inspecting the home in 2008, noted it had been meticulously built with classic architecture.
"The house has superb proportions, solid sandstone walls, stone verandas and custom-made Georgian-style windows with double glazing. Inside, the rooms have 3.6-metre-high ceilings and polished stone floors, which are heated for winter warmth," she wrote.
"The front door opens to a wide central hallway with two guest bedrooms, a bathroom, a guest toilet and a study on the left. Opposite are the formal sitting and dining rooms.
"At the end of the hall is a central pavilion with a television room and a large family living-dining area with an open-plan kitchen. Off this is another kitchen (for caterers or food preparation) with a coolroom and cellar," Margie Blok told her readers.
Its formal dining room was subsequently included in the ‘Best 50 Rooms’ by House and Garden magazine.
The pasture was marketed as ideal for cattle grazing with the property fattening 40 to 50 steers year round. Title Tattle gathers that would translate accomodating around 20 horses, as is.
It had been for sale on and off for several years, even attracting the fleeting attention of the Prime Minister Kevin Rudd and his wife, Therese. 
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Peter and Divonne Holmes à Court sell Chain of Ponds, Mittagong for bullish $6 million plus

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Celebrity angler Andrew Ettingshausen and his wife Monique have their Port Hacking home listed with $4 million plus hopes for 24 May through McGrath agent Bernadette Berlyn.
The five-bedroom, three bathroom waterfront property with views to Maianbar and of the Royal National Park comes with a wet-edged pool.
The former Cronulla Sharks player, known as ET, retired after the 2000 NRL season.
He then hosted the fishing show, Escape with ET. 
<a href="https://www.mcgrath.com.au/buy/house-port-hacking-nsw-2229/196944/?searchID=38645262" target="_blank">The 1,130-square-metre property</a> with a boathouse, jetty and pontoon was bought more than two decades ago for $575,000 in 1990 when it was a modest two bedroom cottage.
The marketing now describes it as a "grandly scaled home occupies a prized peninsula position with dynamic river views."
In the early 1990s Andrew Ettingshausen, was described as being "the face, body and image" of rugby league and a list Australia's richest sportsmen and women suggested Ettingshausen earned through football and endorsements, approximately $500,000 in 1991. 
He was presumed to be in the $150,000 plus bracket with Cronulla-Sutherland; also working for the NSW Rugby League in their schools program; had a contract with Coca-Cola and paid appearances on Channel Seven and 2DAYFM and other endorsements.
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Andrew Ettingshausen, ET, lists Port Hacking waterfront house

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A South Melbourne property has been sold by the University of Melbourne for $10.78 million to the Victorian state government with the settlement last month.
It is set to become a primary school after the then Baillieu state government responded to the perceived looming crisis of rising enrolments and overcrowded inner city state schools. 
The 129-161 Ferrars Street property was identified in a 2012 report that signalled its as the preferred location for a new primary school due to its access to the 96 tram route and proximity to the Melbourne Sports and Aquatic Centre.
The report by Ernst &amp; Young acknowledged the 5,136 square metre site's closeness to City Road could pose a congestion problem.
The number of five to 12-year-olds in Southbank and Docklands is forecast to jump from 285 in 2011 to 1,366 in 2021.
The primary school is expected to open in about 2017, and could be expanded to take students up to year nine.
The site, variously owned by James Hardie, Rocke Tompsitt &amp; Co, and Elders through the decades, has been owned by the university since its 1977 purchase of the then Nathan Blight building.
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University of Melbourne secures $10.78 million in future South Melbourne state school site sale

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There are 349 auctions scheduled this week in Melbourne. Whilst higher than last weekend volumes are lower than usual due to Anzac Day.
RP Data captured 43 auction results across Melbourne last week with 25 successful sales recorded; however, due to the very low volume a clearance rate would not be statistically reliable.
The number of active buyers and sellers is clearly higher than it was over the past three years. However, as <a href="/expert-insights/investing/first-home-buyers-in-victoria-lowest-in-23-years">first home buyers are at record lows</a> the improved demand is coming from other segments.
Data shows that there are a proportionally higher numbers of upgraders and investors that was the case in the last rising market in 2009.
This highlights a fundamental difference to the last few cycles in the market as not only is this one shallower so far but there is a different mix of buyers.
Key data
<ul>
<li>Clearance rate week ending 20 April: NA due to low volumes 
</li>
<li>Melbourne auctions expected week ending 27 April: 349 
</li>
<li>Melbourne private sales time on market week ending 20 April: 33 days (houses) 
</li>
<li>Melbourne vendor discounting market week ending 20 April: -5.6% (houses) 
</li>
<li>Listings being prepared for market are 19.4 per cent higher in month ending 20 April (seasonally adjusted)</li>
</ul>
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Property cycle now shallower with different buyer mix: RP Data's Melbourne auction preview

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Underquoting has received a lot of air time on Property Observer recently, and it's starting to make its way through mainstream media as well.
With <a href="/news/online-petition-for-mandatory-reserve-price-publishing-launched">a recent petition from Patrick Bright, asking for reserve prices to be published to solve this problem</a>, seeing an uptick in signatories it's clear that we're only going to hear more about the issue.
Here are six things you should know about this topic.
<ol>
<li>
It's often referred to as 'bait pricing'  Underquoting is often referred to as 'bait pricing', in the sense that it baits buyers by suggesting they may be able to snap up a bargain. 
</li>
<li>
It is unlawful, and is attracting official scrutiny  Underquoting is not a legal, or ethical, practice, and recently has had <a href="/news/misleading-auction-price-advertising-to-be-targeted-by-consumer-affairs-victoria">Consumer Affairs Victoria pledge to look more deeply into the issue</a>. However, they are not the first official body to try looking into the practice. Previously, Fair Trading has also apparently conducted an investigation. 
</li>
<li>
The frequency of underquoting is hotly debated  There have been no official estimates, and industry bodies, and members, argue that it's anywhere from infrequent to every agent but a few. It appears this cannot be agreed upon. Property Observer has <a href="/news/qld/letter-from-the-editor-more-information-not-less-please-queensland">regularly asked experts about this issue, with very little consensus</a>. In our exclusive, we <a href="/news/take-that-price-guide-with-a-grain-of-salt-underquoting">asked a number of experts 'Is underquoting an issue we should be focussing on? If yes, how should we go about addressing it?', you can see all their answers here</a>. 
</li>
<li>
Buyers lose out financially  While some will argue that a buyer will not bid beyond what they can afford, and one would hope this is true, buyers will lose out financially if they believe they have a chance of achieving the property at the lower price. Pest and building inspections, solicitors fees and the cost of their own time attending open homes and researching a property - these are all costs that a buyer will have to foot the bill for, without any chance of achieving the home. 
</li>
<li>
Queensland is so concerned about underquoting that they're considering losing price guides completely  One of the most discussed stories in the industry over the past few months has been Queensland's potential removal of price guides, which the <a href="/news/nsw/real-estate-institutes-go-head-to-head-over-queensland-auction-price-guide-debate">Real Estate Institute of Queensland's Anton Kardash has noted is to avoid 'such complaints' that are rife in 'other states'</a>.  “We all know that by advertising a price guide or giving an indication of the reserve price, an expectation may be set at a level that is too high or too low and this may impact on the outcome of the auction,” he said.  “It is with great pride that Queensland can say that it has largely avoided claims of misleading and deceptive conduct in relation to property price guides. Unlike in some other states where such complaints are rife, Queensland has not been subject to constant complaints of such a nature and will continue to prevent any future issues with the passing of this legislation.” 
</li>
<li>Underquoting might not even get vendors the best price</li>
</ol>
While the phrase 'Quote it low, watch it go' and variations have regularly been used to explain why real estate agents use bait pricing, it's interesting to see this in practice. At a recent auction, where underquoting was suspected, the auction actually achieved less than an earlier private treaty offer through a different agency.
If the buyers that attend cannot afford the true price the vendors want, then it's not the right crowd at the auction. All that happens is that a lot of people show up, which makes the agent look like they're doing a great job, however they are people who may not necessarily have deep enough pockets.
YOU MAY ALSO WANT TO READ Mark Armstrong's <a href="/expert-insights/investing/underquoting-the-clear-and-transparent-solution">Underquoting: The clear and transparent solution</a>
Room for debate: <a href="/expert-insights/investing/room-for-debate-are-melbourne-agents-underquoting">Are Melbourne agents underquoting?</a>
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