<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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The reduction of official interest rates to 2.50% is an historic event which raises a number of questions: how slow is the economy?
Have we reached the bottom of the interest rate cycle?
How are savers coping with the low returns?
I’ve had a lot of correspondence about saving this year, and I thought I’d make some observations about how to get the best out of your cash in such a low interest rate environment.
1. Know your goal:
This should be your starting point.
If you’re saving for a house or to go overseas, you might want different product features than if you’re planning to live on the yield from your existing lump sum.
So set your saving goals and ensure you’re looking at the right options for your money.
2. Shop around:
When looking for the best deal on your cash, you must be prepared to deposit somewhere other than your usual bank.
When the cash rate is so low, a difference of .05% can be important and you’ll only be aware of the difference if you stay informed.
Use the financial comparison sites on the internet.
3. Spread the money:
People trying to save a lump sum should consolidate into one high interest account, so they pay only one set of fees.
But if your lump sum has to pay you an income, I suggest having the cash in at least two places so you can offset poor performance in one, with the solid performance of another.
Have the bulk of your savings in a high interest cash account, but think about diversifying into term deposits and funds where your cash is invested in a mix of cash and bonds.
4. Understand your actions:
The pursuit of yields can lead people into depositing money in a product that only pays interest quarterly, or that locks away their capital for an inconvenient duration.
Or, you find a great return on your money only to discover that the high interest rate finishes after six months and then reverts to a much lower rate.
If your primary concern is security, remember that cash deposits in banks, building societies and credit unions (and other ADIs) are guaranteed by the government, up to $250,000.
5. Don’t cheat yourself:
The yields for term deposits are typically between 3.75 and 4% right now.
That spread can cost you several thousand dollars a year on large balances, so make sure you’re closer to the high end of the interest rate spread.
Also, if your cash earns 4% in an online saver, and you have a well-used credit card that charges you 15% and fees, you are cheating yourself by not making that credit card payment a priority.
And never forget inflation – your cash deposits must be at least ahead of inflation, or your gains are largely illusory.
Finally, try to be level headed.
Avoid panic and exuberance – they both lead to poor decisions.
Better to let the facts guide you towards good judgement.
 
<hr>
 Image courtesy of Sal Falko/flickr.
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Five tips to get the most out of a low interest rate environment: Mark Bouris

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Sydney's auction clearance rates are still tracking record levels with last weekend's year-high of 83.8%, the fifth consecutive result above 80%.
Australian Property Monitors says Sydney's weekend auction clearance rates are 25% higher than this time last year.
"Buyers are competing fiercely for properties, particularly in the lower and middle price brackets," APM's senior economist Dr Andrew Wilson said.
There are 402 auctions scheduled for this weekend, similar to last weekend, but considerably higher than the 278 auctioned on the same weekend last year.
With 69 scheduled auctions, Sydney's inner west is the most popular region followed by the upper north shore with 53 auctions, then the city and east with 42 and the south with 41.
The most popular suburb for house auctions is Mosman on the lower north shore with eight.
Ryde ranks next with six.
The inner west suburbs with five auctions include Strathfield, Marrickville, Burwood and Lilyfield.
Fairfield is the leading suburb for unit auctions in Sydney with four auctions.
Sydney July auction listings were up 16.5% at 1,577 compared to last July's 1,344 listings.
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Sydney set for another 400-plus bumper auction weekend

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Designing a fashionable evening gown for Miranda Kerr or Megan Gale is one thing, developing apartments that appeal to off-the-plan investors is another as Alex Perry has found out.
Two years after launching Alex Perry Residential in Fortitude Valley complete with models, champagne and canapés, the 11 level apartment block planned for 959 Ann Street has yet to proceed to construction.
And ambitious plans for nine <a href="https://www.alexperryresidential.com/gallery/" target="_blank">Alex Perry-inspired apartments </a>to be rolled out across Australia by 2021 haven't eventuated.
When first launched in mid-2011 with the fanfare attached to the fashion designer, construction of Alex Perry Residential was pencilled for January 2012, but was then put back to the end of 2012 following a re-design.
The redesign pulled out the expensive three-bedroom apartments and replaced them with one-bedroom apartments as part of a proposal that would to turn 77 out of the 143 apartments into serviced apartments. The website now lists a 2014 estimated completion date.
Construction is now set to begin in the final quarter of 2013, but subject to enough sales being achieved to satisfy the financiers of the development.
A December 2012 report on the project said one-bedroom apartments started from $350,000 and two-bedroom apartments starting from $513,000, ranging in size from 47 square metres to 81 square metres with a guaranteed rental return of 7%.
Developer Chrome Property did not provide a sales update to Colliers International for its March quarter inner Brisbane apartment report.
Colliers records just 40 apartments have been sold off-the-plan out of 143 in the $75 million project.
The top Fortitude Valley seller over the quarter was David Devine’s Central Village with 67 off-the-plan sales over the March quarter for Cambridge Towers, the first stage of the $450 million development, currently under construction.
Rod Fiddler, managing director of Xede Property Development Services, the project director of Alex Perry Residential, told Property Observer, they are “not in the business of publicly declaring sales results as these are too often manipulated or misinterpreted”.
Fiddler says the project has received development approval with a builder appointed.
“Sales are continuing and we are progressing towards financiers’ pre-sales targets."
He says construction is targeted to commence “this side of Christmas with demolition as early as September 2013."
Alex Perry’s involvement in real estate development dates back to 2008 when he lent his design expertise to the interiors of the doomed nine-apartment project at 10 Wylde Street, Potts Point, developed by Ashington, which collapsed in 2010.
The project’s promotion was originally handled by public relations firm Baker Brand, which says it is no longer involved in the project.
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Apartment development still not all that fashionable for Alex Perry

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Stockland will release the first stage of its new Willowdale development in the south-west Sydney suburb of Denham Court this weekend.
Willowdale is part of the larger $1 billion residential development in the East Leppington precinct.
Willowdale will ultimately comprise of approximately 3,000 homes across a 350-hectare site, with the first stage of 49 lots to be launched on August 17.
<img alt="willowdale-aug-16-two" height="461" width="470" src="/images/stories/2013/08/willowdale-aug-16-two.jpg">
Lots range in size from 350 square metres to 600 square metres and start at $229,000.
Willowdale is located 1.5 kilometres from the future Leppington train station, which will be part of the upcoming south west rail link.
Residents will have access to a local shopping centre, 25 hectares of open space and a primary school.
Willowdale will go to market as one of Stockland’s higher margin projects, as the company looks to broaden its market reach by expanding its medium density offering.
<img alt="willowdale-aug-16-three" height="245" width="470" src="/images/stories/2013/08/willowdale-aug-16-three.jpg">
The Stockland managing director Mark Steinert has described the past year as a "trough" year for Stockland as it <a href="https://www.propertyobserver.com.au/land/trough-year-for-stockland-who-are-now-focused-on-higher-margin-residential-projects/2013081264138" target="_blank">reported its results for the year ending 30 June 2013</a> with its underlying $494.8 million profit, down 27% on the previous corresponding period.
"This has been a challenging year and we have responded with a number of important strategic decisions that position our business for stronger future returns," says Steinert.
Stage two release dates are yet to be announced.
The median house price in <a href="/news">Denham Court</a> is $1.2 million, according to RP Data.
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Stockland launches Willowdale as part of $1 billion East Leppington residential development

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An industrial holding at Wentworth Point currently owned by the NSW Government has been advertised for a rezoning proposal.
It's outcome could be a vibrant new residential community with 2,300 homes and new public access along 1.2km of the Sydney Harbour foreshore.
The Department of Planning and Infrastructure issued plans last month to revitalise the 18.6 ha of government land at Wentworth Point over the next two decades.
The key elements of the plan include:
· a new 3.9 ha peninsula park along with three new pocket parks
· foreshore cycling and walking paths at least 20m wide – opening up this area to public access for the first time
· an 18-classroom school with playing fields by 2017
· upgrades to nearby Hill and Bennelong Rds to accommodate the increased population
· A range of low, mid and high-rise residential buildings
· new maritime uses adjacent to Homebush Bay for rowing/kayaking facility, dry boat storage and supporting retail and businesses
Community comments are due by August 16.
 
<iframe width="470" height="272" src="https://www.youtube.com/embed/S-7CnBrfAV4?feature=player_embedded" frameborder="0" allowfullscreen></iframe>
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po-LsXgBTHBmX

Wentworth Point NSW Government industrial holding set for rezoning

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It astonishes me that we still keep on reading about Australia’s pending housing market crash.  Moody’s is the latest commentator to join the chorus singing for caution on the Australia residential market.
Sadly, most overseas commentators don’t understand the nuances of the Australia property cycle or how mortgages are granted and must be repaid in Australia.
Yet despite forecasting absolute doom about five years ago, our ‘property correction’ actually went sideways since the late 2000s.  And now the residential market is set to recover.
I am quite bullish about the outlook for east coast residential property and in particular in Sydney, Melbourne and south-east Queensland.
I have several reasons for being so.  These include:
<ol>
<li style="line-height: 17px;">
Undersupply of new housing stock, especially in New South Wales and Queensland.
</li>
<li style="line-height: 17px;">
Declining interest rates in concert with low bank loan to value ratios and our current high saving rate.
</li>
<li style="line-height: 17px;">
Expanding population.
</li>
<li style="line-height: 17px;">
Tight vacancy rate.
</li>
<li style="line-height: 17px;">
Lower Australian dollar.
</li>
<li style="line-height: 17px;">
Declining stock listed for sale; less private treaty discounting and shorter time on market plus increasing sales volumes.
</li>
<li style="line-height: 17px;">
Rising confidence – i.e. The Westpac/Melbourne Institutes “good time to buy a dwelling index” which is close to its pre-GFC high.
</li>
</ol>
Some thoughts:
We currently are saving like there is no tomorrow.  Over 10% of what we earn is now squirreled away, more so when you include the reduction in our level of debt.
But is this really the new normal?
I have suggested such myself, but I am really starting to wonder.  A poor federal Labor government (there is nothing else one could say) and flat house prices might be more responsible for our current malaise than the financial crisis or slower world economic growth.
Surely, assuming a change federally, a realisation that money in the bank now earns very little, and once the penny drops, that house prices are increasing (a broad residential recovery nearly always starts in Sydney), surely Australians will revert to their traditional form of tax free or ATO assisted saving – property.
I cannot see any other major investment path forward.
 
<hr class="system-pagebreak">
The ability of SMSFs to borrow to buy property plus the last chance (in their minds) for baby boomers to leverage and make an easier buck before they retire (or re-tread) just adds more fuel to the fire.
Ditto overseas buying in Australia.  Australian property is now close to 20% cheaper than it was six months ago.  Chinese money is looking for an investment home, especially as their home economy declines and restructures.
According to a recent survey by NAB, foreign buyers of new Australian residential property have doubled in the last two years.  Foreign buyers now buy one in every eight new homes sold in Australia, up from about 5% in 2011.
Expats wanting to come home are also on the increase.  Keep in mind that one million Australians live abroad and the previous high Australian dollar (plus HECS payments) has kept them overseas longer than many originally intended.
Plus, we have the new 888 significant investor visas, which allow overseas migrants free reign once approved and if they invest $5 million in an approved security.
This will have a big impact on the top-end of the residential market.  My work with the Brisbane Chinese community suggests that quite a bit of this visa money will be invested in SEQ.
Finally – and these comments are somewhat more speculative than my usual conjectures – as bank deposits (and our savings) start to be withdrawn and placed in more attractive investments, won’t the banks need to continue to build shareowner wealth/returns?
They have quite a bit of room to play with – a very large interest rate margin (currently 3.45% between the cash rate and the standard variable mortgage rate) plus very low loan to value ratios for existing loans (around 50%).
I think that they will start to chase market share, dropping mortgage rates and loosening lending criteria in order to secure more home loans.  More sales will take place as a result.  Prices will rise even faster.
We are surely about to enter another residential upturn.
Property along the east coast – and especially in the three main capitals/plus on the Gold and Sunshine Coasts – will be the big winners.
A baton change must happen from resources/mining to residential construction.
As interest rates (given the federal and state deficits) are the only tool in the shed, they will continue to fall until new residential construction lifts and stays high for some time.
We won’t get any joy this time around from the commercial sector, with office vacancy rates in double figures and the demand for new retail space in decline.  Residential, this cycle, will have to do most of the heavy lifting.
As a result, some are now forecasting that the cash rate could fall another 0.75% to 1.75% within the next 12 months. I think the cash rate will go to 2% by Easter 2014.  Anyone want to place a bet?
Property values are set to rise and they will most likely overinflate (like they usually do – see <a href="https://matusikmissive.com.au/2013/03/19/why-does-property-cycle/">here</a>) as a result.  I think the residential market will enjoy much better times post September 7 and will remain buoyant for about two or three years.  Prices then will then need to correct.
I don’t really know how much they will increase in the next, say, three years, but by as much as 25% isn’t beyond the realm of possibility.
Who really knows how big a future correction will be?  It might be another long fizz like the last five years or a sharp plunge.
The key is to invest and not speculate.
It is pointless saying that things are different this time around.  Property cycles and all of the hallmarks are there to see that a recovery has already begun.  We need a residential recovery.  We need more new housing starts.  The RBA will make sure we get one.
It’s game on!
Michael Matusik is the founder of <a target="_blank" rel="nofollow" href="https://www.matusik.com.au/">Matusik Property Insights</a>, which has helped over 550 new residential projects come to fruition.   Read <a target="_blank" rel="nofollow" href="https://www.matusikmissive.com.au/">Michael’s Blog</a> or follow him on <a target="_blank" rel="nofollow" href="https://www.facebook.com/ThinkMatusik?fref=ts">Facebook</a> and <a target="_blank" rel="nofollow" href="https://www.twitter.com/michaelmatusik">Twitter</a> or connect via <a rel="nofollow" href="https://www.linkedin.com/in/michaelmatusik">LinkedIn</a>.
Picture courtesy of commons/flickr.
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Seven reasons why prices might rise 25% in select Australian east coast cities over next three years: Michael Matusik

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A Queensland bureaucrat created a storm in a teacup in January when he made a joke about the Gold Coast property market while speaking at a Brisbane business function. 
   He asked: What’s the difference between herpes and the Gold Coast property market?
The answer: You can fix herpes. 
   Everyone should have laughed and moved on, but people who take themselves way too seriously got upset about it.   One of the people who blew a gasket was Gold Coast mayor Tom Tate.
Letters of complaint were sent to Queensland Premier Campbell Newman and Deputy Premier Jeff Seeney. 
   The only thing more laughable than the joke itself was the fact that the bureaucrat was forced to apologise to people who were stupid enough to be offended.   The thing is, the substance of the joke was essentially right. Perhaps that’s why Gold Coast business people were so incensed.   And the Gold Coast mayor is part of the reason why herpes is easier to fix than the property market on the glitter strip.   Tate has just announced his grant vision for the Gold Coast. He wants to see the coastscape littered with super towers. He wants zones where there is no height limit. He’s asking the Sultan of Brunei to build something massive. He’s flying off to Dubai and Qatar to encourage investment in iconic developments that reach for the sky.   There you have, in a nutshell, why the Gold Coast market is less attractive than a nasty social disease.   The people who live and breathe this place seem to get drunk on hype and reckless ambition.   They see the Gold Coast as an amusement park, rather than a city. They want to build mega monuments to their egos, rather than the ordinary infrastructure than drives economies and creates lasting jobs.   The Gold Coast needs owner-occupier housing, not skyrise apartments sold to gullible investors and rented to short-stay visitors before being sold for a loss.   The Gold Coast is the Titanic of the Australian property industry. It’s a great lumbering top-heavy thing that many thought was unsinkable, but sink it most definitely did. Ambitious people have tried to raise it from the trough in which it rests, but without success. Some have tried to re-create it. But inevitably the Titanic of real estate sinks, weighed down by its own arrogant disregard for fundamentals.   Its property market has been one of Queensland’s worst performers over the past five years. It has been mired in over-supply, which has dragged down values and rents - affecting not only the high-rise market but all residential sectors across the coast. Now, just as the surplus looks like being soaked up, developers are at it again, hatching the plans that will create the next suffocating over-supply, aided and abetted by politicians who let their egos do their thinking for them.   Look at some of numbers, courtesy of the Real Estate Institute of Queensland. The median house price for Gold Coast City is still 5% below the level of five years ago. Its median price for apartments is 9% lower than in 2008. Few markets anywhere in Australia have done that badly.   But individual locations within the city have done much worse than the average. The median price for a Surfers Paradise apartment is still 12% below the level of five years ago. Runaway Bay is down 17% and Southport is 23% lower than in 2008. Hope Island is down 30% on 2008. There are dozens of examples.   This is disastrous for the investors who bought into this market amid all the hype that oozes out of the Gold Coast in good times and bad.   This sunny place for shady people never seems to learn the lessons of the past.
If mayor Tate has his way, it will repeat previous mistakes, only this time on a grander scale. 
   God help the Gold Coast and anyone who buys there.
Terry Ryder is the founder of <a rel="nofollow" href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a> and you can contact him at <a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a> or <a href="https://twitter.com/hotspotting" target="_blank">twitter.com/hotspotting</a>.
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The Gold Coast is the Titanic of the Australian property industry: Terry Ryder

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Sugarloaf is the latest development to land in Sydney’s northern suburb Belrose, with 17 four-bedroom homes, architecturally inspired by Frank Lloyd Wright.
Located on Ralston Avenue and developed by Bazem Pty Ltd, homes range in price from $1.195 million to $1.45 million.
<a target="_blank" href="https://www.sugarloafbelrose.com.au/home.php">Designed by Marchese Partners</a>, the homes feature decorative stonework, exposed timbers, sculptured roofs, blade walls and geometric lines.
“Sugarloaf raises architectural standards in this suburb,” says Michael Van den Blink, sales manager of Sugarloaf.
“Belrose is a family-orientated area which is experiencing migration from other Sydney suburbs due to its proximity to beaches, its affordability and the established attractions,” says Van den Blink.
Homes feature interiors by Dallas Design and range in size from 260 square metres to 340 square metres.
The properties include balconies and rear courtyards with landscaping by Melbourne landscaper Paul Hamilton.
“Our Sugarloaf homes will suit a diverse range of residents, from young growing families through to downsizers.
“They have cutting edge design and functional floor plans that maximise the amount of useable space, storage options and views,” says Van den Blink.
Van den Blink says Belrose and surrounding suburbs are set to boom.
“Belrose has the leafy attributes of Roseville, Lindfield and Pymble, yet it is much closer to Sydney’s finest beaches which is a major attraction for families, and housing is around half the price of the North Shore.
“But there are signs that Belrose and the surrounding suburbs are about to boom, fueled by the Government’s recent commitment to the new Northern Beaches hospital at nearby Frenchs Forest,” says Van den Blink.
The first two homes will be open for inspection on September 17.
The median house price in <a target="_blank" href="/news">Belrose</a> is $878,000 a 10.4% change in the past five years, according to RP Data.
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Frank Lloyd Wright-inspired Sugarloaf homes set for Belrose

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There are still seven apartments up for grabs in the $40 million boutique beachfront apartment complex Bathers in Cronulla.
Developed by Mondell Property Developers, Bathers features 12 three-bedroom apartments, including penthouses, ranging from $2.55 million to $4.25 million.
The most expensive sale in the complex was $4.25 million for one of the penthouses.
Listing agent Steve Day of McGrath says majority of the buyers have been downsizers looking for a lifestyle change
With designs by Candalepas Associates, the development has been awarded the Aaron Bolot award for the best residential project by the Architect Institute of Australia.
Bathers has also been awarded the best interior design apartment award at the Asia Pacific International Awards.
{yoogallery src=[images/stories/2013/08/aug14cron]}
Located on Prince Street, apartments range in size from 190 square metres to 205 square metres internally, with ground floor apartments boasting courtyard areas of 104 square metres to 285 square metres.
The penthouses feature rooftop terraces of 144 square metres to 151 square metres.
Apartments feature interior designs by Archer + Wright and boast timber floorboards throughout, bedrooms with wool carpet and kitchens with CaesarStone benchtops and Miele appliances.
Construction on <a href="https://batherscronulla.com.au/" target="_blank">Bathers Cronulla</a> is now complete.
The median apartment price in <a target="_blank" href="/news">Cronulla</a> is $498,500, a 20.1% change in the past five years, according to RP Data.
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Cronulla's Bathers development popular with lifestyle seekers

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Brisbane property development icon David Devine continues to have the Midas touch in Brisbane’s Fortitude Valley.
Devine’s Metro Property Development group recorded 67 off-the-plan sales over the March quarter for Cambridge Towers, the first stage of its $450 million Central Village development in Fortitude Valley making it the top seller by some margin, according to the latest inner Brisbane apartment update from Colliers International.
Now under construction, Metro had sold 92 out of 165 units in the development as of the end of the March quarter.
In a release earlier this month, Metro said it had sold 80% of the 160 apartments in Oxford Towers, stage two of the project, with one and two bedroom apartments ranging from $275,000 to $575,000.
On completion Central Village will comprise five towers and approximately 970 apartments. The project is expected to take approximately five years to complete.
Metro Property Development general marketing manager Peter Hobbs attributed the success of Central Village to its high level of amenity, combined with its affordability and expects sales volumes to remain strong through the year.
“The market is definitely on the rise and buyers are looking to strike while the iron is hot,” he said.
“Interest rates are at a 53 year low in Australia and Fortitude Valley is one of only three Brisbane inner city suburbs offering rental yields in excess of 6%. This growth in rental returns is mainly due the fact that vacancy rates in Fortitude Valley currently sit at under 1%.”
<img src="/images/stories/2013/08/fortitude-valley.jpg" width="470" height="627" alt="fortitude-valley">
 
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Devine has been hugely successful with another Fortitude Valley project Brooklyn on Brooks, 88% sold and under construction and Madison Heights in nearby Bowen Hills 93% sold and also under construction.
David Devine told Property Observer in November last year that Metro’s ability to offer apartments to investors that qualify for the federal government’s <a target="_blank" href="https://www.propertyobserver.com.au/queensland/nras-and-smsf-investors-helping-keep-inner-brisbane-off-the-plan-market-afloat-david-devine/2012112858155">national rental affordability scheme (NRAS) </a>and that appeal to investors acquiring property through their self-managed super funds are key reasons for his success to date. The other top selling projects over the March quarter were Lend Lease’s Showground Hill project on the site of the RNA Showgrounds in Bowen Hills with 19 sales recorded and 197 out of 288 apartments sold. The apartments are part of a major redevelopment of the showgrounds, which include a business park, retail precinct, fresh food market and convention centre.
Belise being developed by Reed Property Group managed 13 sales over the first three months of the year with 100 out of its 228 one, two and three bedroom apartments now sold.
However, the much touted Alex Perry Residential development, which hit the market more than two years ago complete with supermodels and paparazzi, continues to struggle with developer Chrome Property providing no update on off-the-plan sales to Colliers International.
Colliers International records 40 apartments sold to date out of 143 for a project which was first marketed in May 2011 and is now being managed by property development services group Xede, after being re-jigged with three-bedroom apartments replaced with one bedroom apartments and more than half of the 143 apartments to be sold to investors as serviced apartments.
Xede managing director Rod Fiddler told Property Observer the project had received development approval with a builder appointed.

“Sales are continuing and we are progressing towards financiers’ pre-sales targets.

“We are not in the business of publically declaring sales results as these are too often manipulated or misinterpreted," he said.
“Construction is targeted to commence this side of Christmas with demolition as early as September 2013,” he said.
Colliers International says there are 30 apartment developments under way in inner north precinct, which incorporates Fortitude Valley, Bowen Hills, Albion, Hamilton, Kelvin Grove, New Farm, Newstead and Tenerife just north of the Brisbane River and makes up more than half of the inner Brisbane market.
It says demand for new apartments across the inner north was moderate over the first quarter of 2013 following a period of robust sales rates during the preceding year.
Construction image of Central Village (14/8/13):
<img src="/images/stories/2013/08/live-construction.jpg" width="470" height="313" alt="live-construction">
 
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There were approximately 880 unconditional sales reported during 2012, representing a 2% increase in the previous highest volume from 2010.
<img height="207" width="470" src="/images/stories/2013/larry_uploads/brisbane_new_apartments.jpg" alt="brisbane_new_apartments">
Annual sales over the 12 months to March 2013 were around 840, comprising around 52% of the inner Brisbane market.
“Owing to a large proportion of one bedroom investment stock sold, the weighted average sale price remains the lowest amongst all precincts in inner Brisbane at $495,000. This was punctuated by the number of unconditional sales under $450,000, accounting for 52% of the total,” says Alex Beer, researcher and analyst at Colliers International.
Colliers counts 1,263 apartments for sale in the inner north another 1,028 apartments that could potentially be released for sale in the coming year.
“This level of new supply is not expected to have an adverse effect of demand as results from preceding quarters show that new releases onto the market often see sales increase,” says Beer.
As an example, over the fourth quarter of 2011, there were 445 new apartments released to the market, yet it still recorded the highest number of unconditional sales in the precinct over the last five years.
Overall, the outlook for the inner Brisbane apartment market has firmed with more than 540 off-the-plan sales recorded in the March quarter – the first time quarterly sales have exceeded 500 in almost a decade.
The total future development pipeline as it currently stands is estimated at between 4,500 and 5,000 apartments.
However, in the short term, Colliers International forecasts indicate there could be as many as 810 apartments released in the next year.
“The market has been receptive of newly released projects over the past 12 months with an average absorption rate of 113 unconditional sales per quarter across the seven projects that were released in the year to the March quarter of 2013,” says Beer.
 
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