<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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With the break in traffic due to last week’s long weekend, how did we finish up this weekend after the shaky Second Super Saturday a fortnight ago?
At 6.00pm Saturday the James Clearance Rate for Melbourne’s $1 million plus property was 66% on the 35 auctions we covered; our bidders per auction measurement was at 1.7.
What does all this mean? For us it seems the market at this point in time is probably flattening overall – meaning that prices are leveling after a staircase rise that began in October 2012 and went all through last year and into 2014.
Hold on – what does overall mean?
<blockquote>
If you look at the graphs of 2013 you will see significant overall price increases, but not in a consistently upward straight line.
</blockquote>
It means that while this is a general trend, it’s not the case in every segment. For instance, homes in Boroondara that are drawing strong Chinese interest are still going gangbusters. But the overpriced B-graders and all the C-graders, i.e. the ones needing a big reno and where the price is not quite right, are not showing the same results as they did just a few months ago.
Hold on – what does ‘probably flattening’ mean, and what is a staircase rise?
If you look back over the articles and graphs of 2013 you will see an overall significant advancement in the market i.e. price increases. But this has not occurred in a consistently upward straight line.
What has happened typically is that one month the market seems a bit flat (the landing) and the next month it has another growth spurt (the stair rise), giving the price chart over the year the look of a staircase rise.
This year we started with a stair rise, and then the markets this weekend and the one before the long weekend (1 March) have both been flattish. It’s not terrible, not a shocker – just not as bullish as before (overall) – therefore a stair landing.
Let’s see how the next two weeks go before we start to speculate as to any significant market directional change.
Next weekend has a similar middling number of $1 million plus auctions to this weekend. And then the last week in March is looking like it will be another Super Saturday or very close to it, with around 150 $1 million plus auctions scheduled in the Inner East and Bayside. Some good homes are scheduled too, so we will have a good market to base our opinions on.
Our advice to clients right now is – don’t just assume it’s a runaway auction. Make sure you turn up with 1) a bidding strategy and 2) a pass-in strategy also.
At a pass-in you need to think about how you are going to work through your thoughts if, say, you are the “winner” on the street at $1.8 million but the auctioneer says you still need to give him another, say, $300,000 at the pass-in negotiations to buy it – especially if you were the only bidder.
On the flip side, if you went to many of the auctions this weekend hoping for no interest then you would have left without a home and very disappointed.
In a flattening market you begin to see fracturing results – i.e. a disparate number of bidders and prices paid. Some are hot and some are not, which is what we feel may be the market we are moving into. But a week is a long time in the Melbourne market – so stay tuned.
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maljames-vHwm28JUAa

Melbourne top end market looks like it's flattening

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Bidding on one of Cronulla’s most admired homes, listed for auction last night after an eight month makeover, topped out on a $4.2 million bid.
Ray White Rockdale listing agent Con Economos told Property Observer there were five registered parties.
But the vendor builder Tony Bittar wants more for the the still futuristic Apollo Gate, an icon of the Sutherland Shire's waterfronts since the 1970s.
Nicknamed the Cronulla spaceship house, or the White House, it has a reputation that dates back to its completion, with its Reuben Lane design motivated by spiritual and architectural links to Mediterranean villages and with whitewashed buildings clinging to the coastlines.
It first changed hands for $185,000 in 1978 when sold by the Breen family who owned the Metropolitan Sand Company at Cronulla.
The house at <a href="https://www.raywhite.com/nsw/cronulla/1087356/" target="_blank">4-6 Cowra Place</a> has direct access to Salmon Haul Bay.
It featured in NSW Builder magazine, the official journal of the Master Builders' Association, in May 1975 (pictured below). It was built by CH &amp; CR Ellis with spiralling western red cedar ceiling.
<img src="/images/stories/2013/05/cronullamay3one.jpg" alt="cronullamay3one" width="470" height="391">
<img src="/images/stories/2013/05/cronullamay3two.jpg" alt="cronullamay3two" width="470" height="323">
<img src="/images/stories/2013/05/cronullamay3three.jpg" alt="cronullamay3three" width="470" height="343">
Reuben Lane, who died in 2012, was inspired by the work of his mentor Oscar Niemeyer, the architect of the capital city of Brazil, Brasilia.
Ray White listing agent Con Economos marketed the property as a "one-off’.
"A truly spectacular home with an unbeatable location,” said Con Economos.
The 6 Cowra Place, Cronulla property was initially marketed with  $3.5 million plus expectations having been renovated extensively since sold at $3.2 million last May.
It offers five bedrooms plus study, a double garage and two car spaces and guest quarters. There's an atrium lounge, an internal spa, and landscaped gardens. Its four bathrooms’ original tiles are sourced from the same suppliers as the Sydney Opera House.
 <img src="/images/2014/03/19/cronulla-march-17-one.jpg" alt="">
<img src="/images/2014/03/19/cronulla-march-17-two.jpg" alt="">
<img src="/images/2014/03/19/cronulla-march-17-three.jpg" alt="">
<img src="/images/2014/03/19/cronulla-march-17-four.jpg" alt="">
<img src="/images/2014/03/19/cronulla-march-17-five.jpg" alt="">
<img src="/images/2014/03/19/cronulla-march-17-six.jpg" alt="">
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jchancellor-FAypfDUnLy

Cronulla's Oscar Niemeyer inspired Apollo Gate waterfront seeking $4.2 million plus buyers

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A one-bedroom apartment in St Kilda’s The Face, which has a balcony facing on to Luna Park’s own iconic, if slightly eerie, face, is heading to auction next month.
Looking for $415,000 plus buyers the April 5th auction, at 12.30pm, sits on Acland Street and Carlisle Street.
It features built-in robes, a Euro laundry, secure one-car parking and an entertaining balcony.
<img src="/images/2014/03/19/st-kilda-march-17-three.jpg" alt="">
At 204/72 Acland Street, St Kilda, it is one of around 30 apartments, which range from 39 square metre studios to 240 square metres for three bedroom terraces. There is 450 square metres of retail at the ground level.
The building itself is four storeys, and the ARM development websites explains that the Luna Park Mr Moon face is a metaphorical link to the Carlise Street façade, based on Salvador Dali’s 1937 painting ‘Sleep’ – an image of a face on crutches.
<img src="/images/2014/03/19/dali%20sleep%20march%2017.jpg" width="460">
Photo: 'Sleep' by Salvador Dali.
<img src="/images/2014/03/19/luna%20park%20march%2017.jpg" width="460">
Photo: The front entrance to Luna Park in St Kilda, source: Wikicommons
Meanwhile, the north-east and north-west facades are based on Dali’s 1936 ‘The Anthropomorphic Cabinet’ and 1937 ‘The Burning Giraffe’.
The development was completed in 2012 by ARNO Corporation, with a $12 million value, and designed by architect Ashton Raggat McDougall (ARM).
At the time of development there was significant resistance from locals, including Port Phillip Council, to the change in streetscape due to the demolition of eatery Freasy Joe’s and four adjacent heritage buildings, however VCAT ruled in favour of the development. There were 21 initial objections.
<img src="/images/2014/03/19/st-kilda-march-17-two.jpg" alt="">
St Kilda ward councillor Karen Sait was angered by the decision at the time. "The Face might be a high-quality design, but it comes at a terrible price - the demolition of five heritage-listed buildings which are part and parcel of the area's inter-war character" Sait said, calling it an “overdevelopment”.
Despite this, VCAT said that it actually enhanced the character of St Kilda, by enhancing the flamboyance and diversity of the area.
One of the two-bedroom apartments on Stayz asks for $160 to $220 per night for holiday bookings.
<img src="/images/2014/03/19/st-kilda-march-17-foru.jpg" alt="">
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jduke-EHk3XBmHkn

St Kilda Dali-inspired The Face apartment set for auction

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Newly released Bondi apartment development, Maison Blanc, has sold 10 of its 16 apartments, with downsizers appearing to be some of the more active buyers.
The boutique development from Fiducia Property Group and Manning Property Development is a north facing block that includes views of the Royal Sydney Golf Course to the CBD, with 180 degrees of harbour views.
<a href="https://www.maisonblanc.com.au" target="_blank">Maison Blanc</a> is located on the corner of Old South Head Road and Roe Street in <a href="/news">Bondi</a>, with a street address of 403-405 Old South Head Road.
<img src="/images/2014/03/19/bondi-march-19-six.jpg" alt="">
Completion is expected for the development by early-2015, with the remaining apartments including two-bedroom, two-bedroom plus study, and split-level penthouses, with prices from $925,000 to $1.39 million. Initially there were also one bedroom properties on offer from $650,000.
<img src="/images/2014/03/19/bondi-march-19-two.jpg" alt="">
It appears initial expectations were for a late-2014 completion.
Each has an open plan style, whitewashed interiors and a balcony or terrace access.
Associate director CBRE, residential projects, Colin Griffin, said that it’s close to Bondi Beach, a café lifestyle and coastal walks with convenience and a good location.
<img src="/images/2014/03/19/bondi-march-19-three.jpg" alt="">
Secure parking and external storage is also included.
There was a ‘VIP’ launch for the development on the 1st March 2014. The sales display is currently open for other prospective buyers.
<img src="/images/2014/03/19/bondi-march-19-four.jpg" alt="">
There are currently several Bondi and Bondi Junction developments slated for the next couple of years, including <a href="/news/pacific-bondi-beach-the-lofts-to-launch-this-weekend">prestigious The Lofts development</a>.
The slick sales website for the Mason Blanc apartments comes from Sydney-based advertising and design agency ‘Made’.
<img src="/images/2014/03/19/bondi-march-19-five.jpg" alt="">
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>.
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Boutique Bondi development Maison Blanc sells 10 of 16 apartments

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Information technology company Applabs Technologies is working on a mobile application that aims to rival established real estate search websites. Applabs Australia director Patrick Glovac talked to Property Observer about the product, called Home Open, and the Australian Securities Exchange-listed company’s plans.
Why are you launching Home Open, and why now?
The internet completely disrupted traditional media such as print. We have seen this in many sectors from real estate, the car industry, the jobs market and even to tourism. Companies such as Realestate.com.au, Carsales, Seek and Expedia now have market capitalisations greater than the traditional print media companies which they took on. For example, REA Group - $6.7 billion, Carsales - $2.8 billion.
These companies took on the traditional media outlets and took their market shares. What this has meant is that those industries are now dominated by one or two companies. In the real estate sector specifically, realestate.com.au own 80% of the market and Domain 18%, leaving only 2% for all the other small players.
What we believe you will see over the coming two to three years is the next wave of technology companies taking on these traditional internet companies. Any market which is a monopoly or duopoly we believe is under threat by the next wave of the technology boom.
Funding for technology companies was non-existent for the past 10 years, however given the likes of Facebook, Twitter and Whatsapp the next big investment push in technology start-ups seems to be on. All these companies have one thing in common, and that is they want to disrupt the market and take on the bigger guys – Home Open is no different.
What gaps do you see in the competitor offerings in the market such as Realestate.com.au and Domain.com.au?
Realestate.com.au was built as a web-based product and has since been adapted into a mobile based application. Home Open is the opposite: we are a mobile-based product, which will be adapted into a web based product - through our domain www.homeopen.com. This has allowed us to build a unique application which was designed from the start as a tool which puts the information directly into the hands of the consumers.
<blockquote>
The feedback we continually receive is that estate agents are held to ransom by the big players.
</blockquote>
The feedback we continually receive is that estate agents are held to ransom by the big players and they would be happy to use an alternative product if it meets their needs, produces results and is priced competitively.
How is the content of Home Open different from the other websites? 
Our main point of difference to our competitors is that we are focused on homes which are open for inspection. Our application will take the hassle and time out of finding and viewing a home to rent or buy.
Our back-end will still provide all the traditional features of a real estate product such the property’s price, photos and details. We will come to market with a product which is easier to use for the consumer but, perhaps even more importantly, it will provide greater benefits for the estate agents. It will put the power of information back into the hands of the listing agents, reduce the cost to list a property and allow for direct interaction between the agent and the consumer.
How does the Home Open revenue model work? 
Our product will be free for estate agents to use the app and advertise all their products. It will also be free for the consumer to use. We want to make sure that we don’t have any barriers to entry to ensure we get mass market appeal. 
The problem this model can cause is that it forces you to cover the product in advertising, which can easily turn the consumer off. Home Open will offer a completely different form of paid advertising which will be incorporated into the application. Currently, no competitor in the real estate sector is using this method, even though it is being used successfully in other industries. 
Our second stream of income will be from in-app purchases which can be made through the application. This will cover information similar to that which is available for purchase through RP Data, however will be available in our application in a much more efficient manner.
Thirdly we will offer individual estate agents, for a set fee, a unique add-on product. This will allow them to capture even more data about the consumer and increase the communication channels currently on offer.
When do you expect the product to launch?
Our anticipated launch will be mid-2014 for Version 1. This will cover the iPhone, Android, iPad and web applications. We will look to provide regular updates to continually roll out new features in the application.
Our timeline is to be at Version 1.6 by the end of 2014. That would see some unique and exciting features incorporated into the application.
Your company recently ran focus groups with real estate agents on the apps’ branding. What are the next steps for development? 
Our iPhone product has been built and approved by Apple. 
As announced to the share market, the team is currently working on the Android and website versions.
As announced to the ASX [on March 10] we have just raised an additional $3.86 million, this will bring our cash balance to around $6.5 million. This means we are well funded to bring Home Open to market.
We had originally forecast in our prospectus to spend around $850,000 over the first 12 months marketing Home Open, however we have significantly increased that after the latest capital raise. We are now forecasting to spend closer to $2.5 million over the coming 12 months. This will include a large nationwide advertising campaign.
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zfielding-GvX3Uq9KTa

Q&A: Will new site Home Open challenge Domain and REA?

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Mirvac’s Tennyson Reach riverside community development is close to sold out.
After selling 26 apartments since January 2013, with a total of about $22 million sales, a handful of apartments remain.
According to Mirvac’s national chief executive of residential development, John Carfi, there is strong interest in the final apartments.
<img src="/images/2014/03/17/tennyson-reach-march-17-one.jpg" alt="">
"We've had an overwhelming response to Tennyson Reach over the past year and we're expecting this interest to continue," he said.
"The remaining apartments all boast Brisbane River views, with the majority located on the upper levels, so while we are down to the final properties in the development, they are in prime locations.
Each remaining apartment has three bedrooms.
<img src="/images/2014/03/17/tennyson-reach-march-17-two.jpg" alt="">
Tennyson Reach is an apartment community development comprising six apartment complexes: Softstone, Lushington, Farringford, Aldworth, Parsons and Somersby. The site is eight kilometres from the Brisbane CBD and located opposite the State Tennis Centre. Tennyson also includes 2.98 hectares of parkland, with access to cycling routes and a canoe trail.
"The opportunity to live in close proximity to these amenities, including the 2.9 hectare Ken Fletcher community park, has been a significant part of the appeal for purchasers," said Carfi.
"The majority of buyers have already been living in the surrounding area and are looking to downsize to an apartment lifestyle that comes with having these facilities in easy reach.
"They also want an apartment that doesn't compromise on space, while allowing them to enjoy low maintenance living."
<img src="/images/2014/03/17/tennyson-reach-march-17-three.jpg" alt="">
Carfi note the increasing demand for premium apartments in Brisbane.
"With limited new development taking place in the city over the past few years, those wanting to step straight into a brand new property are realising they need to act quickly," he said.
"As development across Brisbane has largely been centred on more entry level properties, the opportunity to secure a spacious apartment in an absolute riverfront location like this is scarce.
"Those who are interested in making Tennyson Reach their home should act quickly."
The remaining three bedroom apartments are priced from $995,000.
<img src="/images/2014/03/17/tennyson-reach-march-17-four.jpg" alt="">
 For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>.
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jrichardson-uRX5hFdKfN

Tennyson Reach residential development nearing sell-out

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Sydney property kept up its star performance on the weekend, while Melbourne proved a steady player with the Australian Grand Prix doing little to detract buyers.
Sydney auction clearance rates were at 81.8 %, <a href="https://www.smartcompany.com.au/finance/investment/35950-sydney-auctions-still-going-gangbusters-and-there-s-no-sign-of-slowing" target="_blank">up from 76.1% last week</a> and largely up from the same weekend last year which was 68.8%. There were 631 properties listed, 392 auctions and 338 sold. The median price of auctions for houses was $983,300, with the median unit prices at $715,000.
In Melbourne, the clearance rate was 73.9%, up from 65.4% last week, and slightly up from the same weekend last year at 65.1%. There were 924 properties listed, 671 auctions and 501 sold. The median house price for auctions was $750,000, while the median unit price was $512,000.
In Brisbane, the clearance rate was 38.5%, while in Adelaide it was 57.1% amid the South Australian state government election.
Nationally the most expensive house sold at auction on the weekend was in Toorak, Melbourne, at $6,008,000. In Sydney, the most expensive property was a six bedroom house in Maroubra, at $3,010,000.
The most affordable property was a one bedroom unit in Carnegie, Melbourne, at $272,000. In Sydney, the most affordable property sold was a two bedroom house in Davistown, at $368,000.
Australian Property Monitors senior economist Andrew Wilson told SmartCompany for Sydney the solid result was “groundhog day”.
“It’s remarkably consistent,” he says.
“There is no real trend there… but the prestige market is picking up.”
In Melbourne, he says the grand prix did not impact property sales in the same way as the AFL Grand Final or the Melbourne Cup tends to do. He says auction listings were up on last week, as last weekend was the Labour Day long weekend.
“It was a solid weekend for Melbourne… with an encouraging clearance rate,” he says.
“The results are not in the boom territory of Sydney… there are lots of change-over buyers resulting in higher listings and higher clearance rates.”
He says the property figures for Melbourne are in contrast to the Melbourne economy which is not so strong.
“But with interest rates low and the banks being competitive and offering good mortgage products, consumer interest is strong.”
Wilson says the outer east of Melbourne and the inner east prestige areas remain strong for auction sales, as do the inner bayside areas of Brighton, Mentone and Mordialloc, along with suburbs in the City of Stonnington.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
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moliver-7qYWqnHmyR

Sydney property accelerates and Melbourne keeps moving despite grand prix

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After a quite week for auctions the previous week, auction volumes across each capital city market increased last week with 2,289 auctions held across the combined capital cities, compared to just 1,520 over the previous week. Last week, the preliminary auction clearance rate increased to 72.4%, from 70.2% the previous week, meaning that current auction clearance rates remain much stronger than they were one year ago (64.4%). While overall, clearance rates increased over the week, it is interesting to note that in Australia’s two largest auction markets, Melbourne and Sydney, there was more than a 10 percentage point difference between the weekly results.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Capital-city-v2.jpg" target="_blank"><img class="alignnone size-full wp-image-3004" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Capital-city-v2.jpg" alt="20140316 Capital city v2" width="460" height="342"></a>
Last week, Sydney’s preliminary auction clearance rate was recorded at 82.7%, the second strongest result for the year so far. There were 857 Sydney properties taken to auction last week, with volumes remaining virtually unchanged when compared to the previous week when there were 859 Sydney auctions, but a lower clearance rate of 78.8%.
Currently, Sydney’s auction market continues to track at a much higher level when compared to one year ago. Over the same week last year, 650 Sydney properties were taken to auction with 70.4% clearing.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Sydney.jpg" target="_blank"><img class="alignnone size-full wp-image-3001" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Sydney.jpg" alt="20140316 Sydney" width="460" height="304"></a>
In Melbourne, the preliminary clearance rate of 67.9% was recorded this weekend from 885 auctions compared to 67.3% last weekend and 66.4% this time last year.
Listing volumes are now surging in both private and auction sale segments with 11% more new residential listings over the last month compared to this time last year. Prospective vendors are clearly being encouraged by market activity in the first quarter of the year.
If this listing activity is matched by sales over the rest of the year we are likely to reach a level of transactions that both exceeds last year and the average over the previous decade. Final numbers for last year saw 81,590 sales in Melbourne. This was 11% higher than 2012 but 5% lower than the average over the previous decade.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Melbourne-v2.jpg" target="_blank"><img class="alignnone size-full wp-image-3009" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Melbourne-v2.jpg" alt="20140316 Melbourne v2" width="460" height="297"></a>
Brisbane recorded a much stronger preliminary clearance rate last week (56.2%) when compared to the previous week (45.0%), however auction volumes have remained steady over the two week period, with 139 auctions held in the city last week, compared to 138 the previous week. Over the same week last year, 37.5% of the 109 Brisbane properties taken to auction recorded a successful result.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Brisbane.jpg" target="_blank"><img class="alignnone size-full wp-image-2998" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Brisbane.jpg" alt="20140316 Brisbane" width="460" height="302"></a>
Both auction clearance rates and the number of properties taken to auction in Adelaide increased last week, when the preliminary auction clearance rate was recorded at 69.6%, compared to 63.2% over the previous week and there were 94 auctions held in the city, up from 80 auctions the week prior. So far this year, there has only been one week where Adelaide’s auction clearance rate has fallen below the 60% mark, while one year ago, just 48.7% of the 82 properties taken to auction sold.
<a href="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Adelaide.jpg" target="_blank"><img class="alignnone size-full wp-image-2997" src="https://blog.rpdata.com/wp-content/uploads/2014/03/20140316-Adelaide.jpg" alt="20140316 Adelaide" width="460" height="302"></a>
The number of auctions expected to be held across the capital cities this week will remain fairly steady, with RP Data currently tracking 2,297 auctions for the week.
*Melbourne auction commentary provided by Robert Larocca, RP Data’s Victorian housing market specialist.
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Auction volumes bounce back, but results vary across capital cities: RP Data's weekend auction wrap

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The word 'hotspot' is heavily used by property investors when discussing the next capital growth area. While expectations vary in terms of performance, there are usually some pretty straightforward mechanisms that dictate price and price growth. Here are five of those items and some important pointers to know about these hot areas.
<ol>
<li>
It’s all about supply and demand You’ve no doubt heard this before, but it remains as true as ever. It’s all about supply and demand – the two basic premises of economics. Lower supply, or restrict it, and increase demand – and you’re on your way to success. When you’re undertaking your due diligence on an area it makes sense to look at how these two elements work in concert with each other and ensure you’re looking at possible injections of supply, land opening up, or downturns in demand or desirability. There are many different combinations that can ensure these two elements do, or do not, work favourably together and it is your job as an investor to seek them out. Remember, supply of apartments may not necessarily affect houses - you will need to ensure that you think through the effect any new developments may have on your next purchase. 
</li>
<li>
Infrastructure, infrastructure, infrastructure This is a favourite of observer Terry Ryder. Infrastructure is an <a href="/news/qld/infrastructure-creates-jobs-and-capital-growth-terry-ryder">absolutely critical part of any area’s growth</a>.<a href="/news/qld/infrastructure-creates-jobs-and-capital-growth-terry-ryder"> </a>“Transport infrastructure makes remote locations more accessible; medical infrastructure generates modern health services and long-term employment; and resources infrastructure can spread economic benefits and jobs over vast distances,” Ryder explains. Infrastructure comes in many different forms, and each has the potential to create employment, or make an area more desirable. “The more I chart the events in real estate around Australia the more I am convinced that the greatest creator of capital growth is infrastructure,” he explains. Keeping an eye out for upcoming projects, particularly in areas you have already identified as being of interest to you, can be another boost. 
</li>
<li>
It doesn’t matter how hot the area is, if you can’t afford it Regardless of how many good indicators an area has, no matter how much growth it is expecting, if you are pushing yourself to the financial limit to secure a property – you might just want to forget it and look somewhere else a little more within reach. No area comes without risk, and it doesn’t make good financial sense to risk it all on the potential of capital growth. If you are still adamant about purchasing in a particular area, see if there’s a lower-risk way in, such as a joint venture with someone you know well, a smaller dwelling or a suburb that’s cheaper but nearby. 
</li>
<li>
Historical performance is no indication of future growth Regardless of how well an area has done in the past, of how far the prices have been ticking up, you will want to assess it on its current and future merits. Markets can go down and you may have already missed the boat. While consistent upwards movement in the median value can be reassuring – never assume that this will continue. Similarly, downwards movement can be telling you that the market has further to sink, however further research can provide the reasons for any downturn. You’ll also want to be pretty clear on what the median price is tracking before using it as any sort of a judge of a market’s capital growth movements… it might not actually be recording what you think it is. If you want to have a look at your area of interest’s median price, then here’s some free suburb data (including charts on past growth) for you to begin with. 
</li>
<li>
Employment is one part of the equation Lastly, employment is critical for multiple reasons. Property Observer was previously told by Empower Wealth’s Ben Kingsley that <a href="/news/the-psychology-of-hotspotting-exclusive-interview-with-ben-kingsley">income growth is one of the indicators he looks at to determine capital growt</a>h. Without strong employment, this income growth is unlikely. Similarly, strong and diverse employment hubs ensure a steady stream of tenants and a steady stream of future home buyers who will bid against each other for your property. Decreases in employment, such as major companies shutting down, can have the reverse effect. Remember, if there are no jobs - no one can afford the properties.</li>
</ol>
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Five things you need to know about finding a hotspot

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The next development phase for Queensland’s Portside Wharf, residential stage Pinnacle, has commenced, with the 16 level luxury apartment building expecting completion for 2015.
<a href="https://www.portsidewharf.com.au/" target="_blank">Pinnacle</a> will include 162 one-, two- and three-bedroom apartments, terrace homes and penthouses, and is the only riverfront building at Portside Wharf. It has had $54 million of sales, with prices ranging from $390,000 to $2.4 million. Prices for those currently available start from $435,000, with a sales display currently open.
The apartments are sized from 58 square metres to 241 square metres and more than 70% of the offerings have river and city views.
Click to enlarge
<a href="/images/2014/03/17/portside-wharf-march-17-big.jpg" title="Click to enlarge" rel="shadowbox"><img src="/images/2014/03/17/portside-wharf-march-17-small.jpg"></a>
Photo: Indicative view from rooftop 
Portside Wharf is a mixed-use development, including the Brisbane Cruise Ship Terminal and a waterfront restaurant and retail hub. There are already 300 people in residence across the first four stages, called Promenade, Flare, Loft and Infinity.
Brisbane Lord Mayor, Graham Quirk, and Portside Wharf project director, Lee Butterworth, unveiled the construction at the end of last week.
 <img src="/images/2014/03/17/portside-wharf-march-17-one.jpg" alt="">
The Brisbane waterfront will be redeveloped under the greater Northshore Hamilton plan, with new retail precincts, residential options and green space all earmarked for the area.
"Pinnacle will be the first residential building constructed at Portside Wharf since works began on Promenade in late 2010, proving we have weathered the global financial crisis and are ready to move forward with the development of this iconic address," said Butterworth.
<img src="/images/2014/03/17/portside-wharf-march-17-two.jpg" alt=""> 
"With Pinnacle's strong off the plan sales, it is clear that confidence is returning to the market, with total sales at Portside Wharf now reaching more than $83 million.”
Currently, more than 250,000 visitors each year come to the area through the Cruise Ship Terminal.
 <img src="/images/2014/03/17/portside-wharf-march-17-three.jpg" alt="">
"Our vision for Portside Wharf is to be the beating heart of the entire Northshore Hamilton development.  We have so far achieved that vision and established Portside Wharf as a Brisbane landmark and a vibrant community that has reinvented this once overlooked part of the Brisbane River,” he said.
Pinnacle will have a rooftop terrace with a pool, BBQ, gym, entertainment area and onsite guards and management.
 <img src="/images/2014/03/17/portside-wharf-march-17-four.jpg" alt="">
Located six kilometres from the CBD, Butterworth is marketing it towards ‘high flyers and executives’ as well as ‘empty nesters’ and young couples.
Portside Wharf also houses big brand retailers such as Dendy Cinema, IGA, Jetts Fitness and a number of hairdressing and restaurant outlets.
 <img src="/images/2014/03/17/portside-wharf-march-17-five.jpg" alt="">
Photos are artistic impressions.
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">INVESTOR SHOWCASE</a>.
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