<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 redevelopment of the former Yorkshire Brewery in Collingwood has been given the green light to commence construction after months of amending the proposed plans.
Located on Robert Street, the 4,500-square-metre historic site will be redeveloped into three residential towers featuring 350 apartments.
The towers range in height from 17 storeys, 14 storeys and 10 storeys.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-one.jpg" width="470" height="675" alt="collingwood-aug-7-one">
The $200 million project by SMA Projects will include $6.7 million of heritage works and restoration on the historic brew tower, cellar building, silos and stables.
Development manager of SMA Projects Robert Murphy says the southern end of Collingwood has long been forgotten about.
<img src="/images/stories/2013/07/NUMBERS/collingwood-aug-7-two.jpg" width="470" height="624" alt="collingwood-aug-7-two">
“We see this as a strategic redevelopment site, with clear community benefits in the restoration of these heritage buildings and activation of a long derelict site,” says Murphy.
Studio apartments are 43 square metres and one-bedroom apartments range in size from 48 square metres to 65 square metres.
Two-bedroom apartments range in size from 64 square metres to 99 squares metre and three-bedroom apartments are 110 square metres.
A preliminary assessment expects one-bedroom apartments to be priced from $395,000 and two bedrooms from $480,000.
The development will also include 18 two-storey townhouses at ground level ranging in size from 87 square metres to 109 square metres.
Two separate one-bedroom residences will act as a hotel for visiting guests, with a nominal fee to cover housekeeping and maintenance.
Residents will be able to book short term stays in the serviced apartments to accommodate visiting friends and family when needed.
<img src="/images/stories/2013/08/collingwood-aug-7-five.jpg" width="470" height="313" alt="collingwood-aug-7-five">
Designed by Hayball Architects, the development will feature timber, exposed brick and concrete materials as a reference to the sites industrial heritage.
“It was our intent to deliver buildings that harnessed and respected the genius loci and history of the site,” says Tom Jordan, managing director of Hayball.
“There are heritage buildings of state significance to work with, so we set out to both reference and compliment these,” says Jordan.
The historic brew tower will be at the center of the project, as well as a 480-square-metre piazza with a wine bar, convenience store and deli.
Residents will also have access to a rooftop terrace, gym and formal dining room.
<img alt="collingwood-aug-7-six" height="332" width="470" src="/images/stories/2013/08/collingwood-aug-7-six.jpg">
The development is yet to be released but SMA Projects told Property Observer it has received an overwhelming response from the local area with people already registering their interest. 
The Yorkshire Brewery was designed by architect James Wood in 1880 and was the tallest building in Australia for 10 years.
It was purchased in 1909 by Carlton and United Breweries and ceased operating in the 1950s.
The median apartment price in <a href="/news">Collingwood</a> is $520,000, a 12.5% change in the past five years, according to RP Data.
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Collingwood's historic Yorkshire Brewery residential redevelopment gets green light

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The $440 million Pacific Bondi Beach development has appointed QT Hotels and Resorts as the operator of the hotel component.
The residential, hotel and retail development will feature 69 one- and two-bedroom hotel apartments ranging from $590,000 to $800,000.
Hotel apartments range in size from 38 square metres to 100 square metres, with hotel guests having access to a health club, gym, pool and concierge.
<img src="/images/stories/2012/09/pacificbondi.jpg">
Some 12 of the 69 apartments will have the option of a dual key configuration.
<a href="https://www.propertyobserver.com.au/new-south-wales/pacific-bondi-beach-to-test-the-tide-tomorrow/2012090656440" target="_blank">Pacific Bondi Beach</a> will comprise of 94 apartments, a 69-apartment hotel and a two-level retail and restaurant complex.
<img src="/images/stories/2012/09/bondipac1.jpg">
Buyers have a choice of units starting from beach pad studios of 35 to 44 square metres starting at $550,000.
The developer is Capitel Group's director Eduard Litver in partnership with Allen Linz of Rebel Property Group.
<img src="/images/stories/2012/09/bondipac2.jpg">
The residential, hotel and retail project has been designed by Andrew Andersons of PTW Architects.
Pacific Bondi Beach holds the <a href="/news">title of selling the highest priced apartment in Australia at $21 million</a> to boutique investment fund manager Will Vicars.
Construction is due to commence in September/October, with a scheduled completion date of early 2016.
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Pacific Bondi Beach appoints QT Hotels & Resorts as hotel component operator

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A five-bedroom home in Balwyn North is this week’s most expensive sale, selling under the hammer at its August 3 auction for $2.8 million, according to RP Data.
Located at 34 Aquila Street, the recently built home features timber parquetry floors, raised ceilings, a home theatre and a Miele kitchen.
Situated on 774 square metres, the property also includes alfresco dining with an outdoor kitchen and a pool.
A crowd of around 100 people attended the weekend auction, with two bidders going head to head, according to James Buyers Advocates.
The property was listed through Laurence Murphy and Maurice DiMarzio of <a href="https://www.hockingstuart.com.au/34_AQUILA_STREET_BALWYN_NORTH_VIC_3104" target="_blank">Hocking Stuart Balwyn.</a>
The median house price in <a href="/news">Balwyn North</a> is $1 million, a 7.1% change in the past five years, according to RP Data.
Top 10 most expensive sales:
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/34_aquila_street_balwyn_north_vic_3104/14758376" target="_blank">34 Aquila Street, Balwyn North, VIC, 3104,</a> five-bedroom house, sold at auction on August 3 by Hocking Stuart Balwyn for $2.8 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/24_waiwera_street_lavender_bay_nsw_2060/3623624" target="_blank">24 Waiwera Street, Lavender Bay, NSW, 2060,</a> four-bedroom house, sold on July 31 by McGrath Estate Agents for $2.75 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/10_halcyon_avenue_wahroonga_nsw_2076/7191203" target="_blank">10 Halcyon Avenue, Wahroonga, NSW, 2076,</a> five-bedroom house, sold at auction on August 3 by McConnell Bourn Wahroonga for $2.58 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/5_lomond_place_castle_hill_nsw_2154/1783185" target="_blank">5 Lomond Place, Castle Hill, NSW, 2154,</a> five-bedroom house, sold prior to auction on August 3 by McGrath Estate Agents for $2.45 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/134_edinburgh_road_castlecrag_nsw_2068/1789665" target="_blank">134 Edinburgh Road, Castlecrag, NSW, 2068,</a> four-bedroom house, sold prior to auction on July 31 by Richardson &amp; Wrench Northbridge/Castlecrag for $2.43 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_through_road_camberwell_vic_3124/10228692" target="_blank">86 Through Road, Camberwell, VIC, 3124,</a> four-bedroom house, sold at auction on August 3 by Jellis Craig Glen Iris for $2.4 million 
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6/110_north_steyne_manly_nsw_2095/16416001" target="_blank">6/110 North Steyne, Manly, NSW, 2095,</a> three-bedroom unit, sold at auction on August 3 by Belle Property Manly for $2.32 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/86_glassop_street_balmain_nsw_2041/1256130" target="_blank">86 Glassop Street, Balmain, NSW, 2041,</a> four-bedroom house, sold at auction on August 3 by Belle Property Balmain for $2.3 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/22_dunois_street_longueville_nsw_2066/3868464" target="_blank">22 Dunois Street, Longueville, NSW, 2066,</a> three-bedroom house, sold at auction on August 3 by Richardson &amp; Wrench Lane Cove for $2.275 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/14d/5_tambua_street_pyrmont_nsw_2009/14955959" target="_blank">14D/5 Tambua Street, Pyrmont, NSW, 2009,</a> three-bedroom unit, sold at auction on August 3 by Morton &amp; Morton Pyrmont for $2.1 million
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Five-bedroom Balwyn North home weekend's most expensive sale: RP Data

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The Block auctions in 2013 are now over and we congratulate all the contestants on their big financial windfalls again this year.
From Trixie and Johnno ($205,000), Bec and George ($242,000), Kim and Matt ($250,000), Madi and Jarrod ($291,000) and the overall winners twins Alyssa and Lysandra ($395,000 including prize money), the total combined profit was $1,283,000, working out to be an average of $256,000 each which was $210,000 less each than last year’s couples.
These results were significantly lower than the year before where profits included Dale and Sophie ($355,000), Mike and Andrew ($434,000), Dani and Dan ($448,000) and the overall winners Brad and Lara ($606,000) made a total combined profit being $1,843,000, working out to be an average of $466,000 each.  
You would be disappointed if you were the Cameron Street Richmond contestants, who combined won less than four of this year’s contestants with total winnings of only $225,000. 
Unfortunately there were no absolute bargains to be had again this year, unlike our purchase of Polly and Waz’s house in 2011 for $858,000 for one of our investor clients, which we then leased out for $995 per week.  
The auctions started with the South Australian twins Alyssa and Lysandra’s level one apartment.  
We were bidding for a female home buyer downsizing from a bigger family home in Glen Iris and unfortunately were blown away by at least six bidders and an eventual sale price of $1,435,000.
Our client was disappointed we fell short as she had already missed out on two Victorian terraces in last year’s Dorcas St, South Melbourne Block auctions.  
Myself and other real estate professionals believed that Trix and Johnno’s  penthouse apartment on level five would set the benchmark, as the views would have it estimated to be worth at least $200,000 to $250,000 more than the other apartments.
I estimated that it would sell for around $1,650,000 to $1,700,000 based on comparable sales in the area and was surprised when it only sold for $1,601,000. 
We were one of six bidders representing a downsizer client who currently lives in a bigger home in the South Melbourne area.  
We were bidding for a male home buyer upsizing to a bigger property from his current Southbank apartment for Madi and Jarrod’s level four apartment and unfortunately were blown away by at least six bidders and an eventual sale price of $1,601,000.
Our client was disappointed but we stuck to our budget again. 
Russell Cambridge from Biggin and Scott Real Estate again did a textbook auction as he did in 2011 and made sure he got every last dollar out of two remaining buyers who slugged it out at the end.  
 
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My predictions were then revised to around $1.5 million for the two remaining properties.
We were determined to try and secure one of these apartments for our female home buyer.
We knew we were in trouble when the under bidder of the last auction who bid to $1,600,000 started bidding for Bec and George’s level three apartment. 
A bit of banter and fun including offering to show the other bidder where the lift was so he could leave and let me buy it and offering to take him to dinner if he stopped bidding didn’t work and wasn’t enough! 
We were one of  six bidders who missed out to this gentleman who secured the property for $1,507,000.  
The last auction was my last chance to help my client achieve her dream of a lifestyle change to the vibrant inner city area of South Melbourne. 
I call myself an Aussie Battler as I just battle on and work hard through challenges and my competitive juices were flowing.
Having bid at over a thousand auctions over the last 13 years as a buyers’ advocate / buyers’ agent,  I used every bit of my experience to come up with a game plan that would be successful. 
I had known my client and her former partner who passed away as friends/clients/business partners for over 13 years since we both commenced businesses together and I was determined to help her open a new exciting chapter in her life. 
So just as one of my favourite inspirational characters Rocky did, I picked myself up of the canvas after four missed auctions and started bidding aggressively with strong confident knockout bids. 
My client was overwhelmed with emotion and tears as she could finally start her new life when the seasoned auctioneer Damian Cooley knocked it down to me for $1,455,000.  
My third experience bidding on The Block has definitely been an interesting one and I am surprised by all the attention I have received.
My favourite moment though was being interviewed by Rosso on the Merrick and Rosso radio show, which was great fun and being asked whether I was now going to be the new intruder on Big Brother! 
I look forward to being involved in The Block again next year which, rumour has it, won’t be moving too far and it will involve some warehouse conversions in Albert Park.
Frank Valentic is managing director of award-winning buyers' agency <a rel="nofollow" target="_blank" href="https://www.advantageproperty.com.au/">Advantage Property Consulting.</a>
 
 
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Bidding and winning at The Block Sky High auction day

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A Sydney inner west development known as Montrose, has sold six of its seven townhouses since launching three weeks ago.
Located on Great North Road in Abbotsford, four townhouses sold for $1.19 million to $1.45 million to young professionals and young families.
“The buyers have been young professionals with one or two children looking to upgrade into a quality development with low maintenance,” says Eddie Mansour of Ray White Projects.
“The purchasers have predominantly been locals,” Eddie Mansour told Property Observer.
Two of the properties are to be retained by the developer – The Montrose Property Group.
Property Observer gathers three of the four sales have been to locals.
Each three- and four-bedroom townhouse is approximately 175 square metres internally with an external area of 80 square metres. 
Designed by Lufi &amp; Associates, the homes feature travertine floors and a mix of textures including render, sandstone and timber.
The kitchens boast Carrera marble, Quantum Quartz and Smeg appliances.
The last townhouse is listed from $1.4 million and is the largest with four bedrooms, two living areas and a plunge pool.
The townhouses are located close to Abbotsford Ferry Wharf, Abbotsford Village and Hen and Chicken Bay.
Montrose is scheduled for a mid 2014 completion.
The development is being marketed through Eddie Mansour and Kieron Stedman of <a href="https://www.raywhite.com/nsw/abbotsford/987930/#.UgAv9-BAt6o" target="_blank">Ray White Projects</a>.
The median unit price in <a href="/news">Abbotsford</a> is $718,750, a 29.5% change in the last five years, according to RP Data.
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Sydney's Abbotsford Montrose townhouses a hit with locals looking to upgrade

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The last time we saw mortgage rates this low was in 2009 and prior to that it was a brief period in 2001 and in 1970.
RP Data confirms that it has been more than 50 years since official interest rates have been this low and subsequently, the cost of borrowings, particularly for housing, is at some of the lowest levels seen over this time.
The standard variable mortgage rate is currently recorded at 6.2% and is much lower than the 20 year average of 7.6%.
<img height="209" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-1.gif" alt="kusher-aug-5-chart-1">
Outside of a brief period in late 2008/early 2009, the current average standard variable mortgage rate is at its lowest levels since late 2001.
Discounted variable mortgage rates have been introduced over recent years and the vast majority of mortgagees receive these mortgage rates on their home loan which means that many variable home loans are now available at an interest rates below 5.5% with the big four banks advertising average rates of 5.4%.
With mortgage interest rates so low, it is no surprise that there has been a ramp-up in housing finance commitments, albeit from historically low levels throughout 2013, and a subsequent rise in transaction activity.
Another feature of the current market is that the less popular three year fixed mortgage rates are available at a particularly low interest rate. The average three year fixed mortgage rate was recorded at 5.15% at the end of June 2013.
<img height="239" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-2.jpg" alt="kusher-aug-5-chart-2">
It seems more likely they will fall rather than rise over the short-term.
Of course, the vast majority of mortgagees continue to choose variable mortgages which have a higher interest rate - it is interesting to note the rising prominence of fixed rate mortgages.
 A number of lenders are currently offering fixed rate products at less than 5%.
<img height="237" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-3.jpg" alt="kusher-aug-5-chart-3">
I expect that the housing market is likely to continue on its current trajectory of moderate value increases.
In fact, should the two additional cuts to interest rates come to fruition, value growth may start to accelerate.
Lower interest rates and the subsequent lower mortgage rates are undoubtedly providing an impetus for greater housing market activity.
<img height="238" width="470" src="/images/stories/2013/08/kusher-aug-5-chart-4.jpg" alt="kusher-aug-5-chart-4">
The key challenge will be maintaining this higher level of housing activity as the unemployment rate nudges higher, commodity prices head lower and with slower economic growth.
As a result, the markets more closely linked to the resources sector such as Perth and Darwin may record lower levels of value and rental growth whereas those such as Brisbane and Adelaide that have recorded a sustained period of under performance may start to pick-up as they start to look relatively more affordable, particularly compared to Sydney, Melbourne and Perth where value growth is currently much stronger.
Cameron Kusher is senior research analyst at <a target="_blank" rel="nofollow" href="https://www.myrp.com.au/">RP Data</a>.
 
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Two more rates cuts before any major residential price acceleration: Cameron Kusher

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<a target="_blank" href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au"><img alt="L-The-Summit-C" height="188" width="470" src="/images/stories/2013/07/L-The-Summit-C.jpg" style="display: block; margin-left: auto; margin-right: auto;"></a>
Perfectly positioned and commanding superb views across the city to the Coffs Coastline, The Summit is a stunning boutique hillside retreat, developed by the award winning Village Building Company.  The development is a true testament to sustainable urban form and showcases a range of architecturally designed homes elegantly integrated into the naturally formed escarpment.
The Summit at Coffs Harbour offers a unique opportunity to become part of this exclusive community of superbly designed, generously appointed 3 bedroom family homes in a commanding position overlooking magnificent vistas of Coffs Harbour.
Close to all amenities and convenient to a wide variety of shopping, The Summit is just a few minutes to the central business district and harbour precinct.
The Summit offers a lifestyle choice of sophistication and has been planned with privacy and security in mind while providing a relaxed atmosphere so indicative of Coffs Harbour.
The Summit is a perfect example of Village Building’s commitment to sustainable urban development and indeed, to the local communities in which the Company operates.  The Summit commenced in 2007 and recently underwent a physical rejuvenation in readiness for the exciting vision that lies ahead.
The Village Building Company has been busily planning and documenting the next stage in the lifecycle of The Summit development, which will involve its connection to an elevated parcel of land on the north eastern side of the ridge line at the very top of the development which has breathtaking ocean and coastline views and represents a seamless integration between the Big Banana land holding and The Summit development.
The Homes at The Summit should prove to be a very sound investment in a project that will increase incrementally in value as the vision for The Summit is revealed.  This offers investors with an opportunity to purchase a three bedroom home, many with views of the ocean, which earns strong rental returns right from settlement.
A move to The Summit really is a move up to a dress circle lifestyle in Coffs Harbour.
For more information contact:<a href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au" target="_blank"><img src="/images/stories/2013/08/L-VBC-Summit-VC.gif" width="200" height="224" alt="L-VBC-Summit-VC" style="float: right;"></a>
Phone: 02 6651 1929
Email: <a href="mailto:sales@thesummitatcoffs.com.au">sales@thesummitatcoffs.com.au</a>
<a target="_blank" href="https://au-01.adtomafusion.com/event/7721/private_media.propertyobserver.click/12934740/click?url=https://thesummitatcoffs.com.au">www.thesummitatcoffs.com.au</a>
DISPLAY HOME &amp; SALES OFFICE OPEN
SATURDAY 10am to 4pm and SUNDAY 10am to 3pm
Address: 3 Outlook Place
The Summit Coffs Harbour NSW 2450
(Right next to the Home Base Centre)
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Village Building reignites The Summit Coffs Harbour

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So Sydney managed another preliminary auction clearance rate of 80% plus on the weekend.
According to Australian Property Monitors (APM), that's the fourth consecutive week of an 80% plus preliminary clearance rate.
And Property Observer readers were asked last week if Sydney could make it four weeks in a row.
Some 64% made the correct prediction.
That was a marked turn around on the 60% who didn't think it would get to its third consecutive week.
The first two weekend results were revised, after last auction results, to slightly below 80%, but the revision for the July 27 weekend was to 80.3%.
So later this week we will again ask if Sydney can continue the extraordinary 80% plus clearance rate run?
But today we ask:
{module Do you think housing affordability policy will become a 2013 federal election issue?}
Housing affordability supposedly ranks as a major issue among voters, according to the Auspoll survey, conducted between May 19 to June 21, when voters rated the importance of a list of public policy issues in the lead up to the 2013 federal election.
Some 84% said housing affordability was either quite important (39%) or very important (45%). Housing affordability was the fifth most important issue out of the 12 areas surveyed with the healthcare system of greatest concern(96%), followed by the economy (95%), crime and personal safety (94%), and then jobs and employment (91%).
Only 16% of those surveyed believed Australia was performing well when it came to housing affordability with 41% suggesting it was performing poorly.
Some 72% of those polled said they were unaware of either Labor or the Coalition having a clear plan to improve housing affordability.
 
 
 
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jchancellor-FAypfDUnLy

Do you think housing affordability policy will become a 2013 federal election issue?

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Listed Gold Coast developer Sunland entered into a conditional agreement earlier this month to acquire the first mortgage over Maddison Estate, the flagship residential development of collapsed developer and funder manager LM Investment Management.
Sunland will pay $24.75 million to acquire two unrelated Suncorp mortgages, one over Maddison Estate in Pimpama and another over Brisbane residential development Waterline Estate at Redland Bay.
Waterline Estate is a residential community at Thornlands developed and managed by Queensland developer Heritage Pacific and forms part of its $8 million Waterline Trust.
LM Investment Management, which managed the fund behind Maddison Estate was placed in liquidation by creditors last week.
KordaMentha and its affiliate firm Calibre Capital were <a target="_blank" href="https://www.propertyobserver.com.au/queensland/trustees-appointed-to-gold-coast-based-lm-managed-performance-fund/2013041560407">appointed joint trustees of the $350 million Gold Coast-based LM Managed Performance Fund</a> (LMPF) by the Queensland Supreme Court in mid-April.
The proposed $1.5 billion Maddison Estate project formed part of the LM Managed Performance Fund, which now in the hands of trustees David Winterbottom and Simon Vertullo of KordaMentha.
It is due to feature 1,500 homes.
In a statement Sunland said it intended to appoint the necessary advisers to realise the value of the loans over these developments.
The Gold Coast Bulletin reported that acquisition of the loans would allow for the two developments to proceed with managing director Sahba Abedian saying all possibilities were being reviewed.
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Sunland acquires first mortgage over LM Investment Management’s Maddison Estate 

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 We need a sensible conversation on how we want the housing market to look in ten to twenty year’s time, which isn’t dependant on pointless pot shots between bulls and bears.
Language is an important tool in the real estate sector and skewing data to either the positive or negative is a well honed skill which, as I explained <a href="https://www.propertyobserver.com.au/economy/the-property-industry-s-game-of-dodgy-economics-catherine-cashmore/2013072863587?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=mostread" target="_blank">last week</a>, more often than not masks the underlying trends actually taking place.
However, when it comes to property, there are no words more inflammatory, and drama inducing than bubble or bust.
Flag a headline which suggests either, and it will evoke a barrage of abuse from market speculators; hint that we have a pending housing crisis in Australia citing affordability concerns which are voiced loudly and clearly across a number of sectors, and you’re promptly labelled a doomsayer, laughably predicting an instant 40% market crash.
Try and have a sensible discussion on the matter and it’s marred with vested interests.
In the case of politicians, it’s the need to lobby for votes from the majority, above and beyond the need to improve the home buying environment for a small, but increasing non owning minority.
As I suggested a <a href="https://www.propertyobserver.com.au/economy/the-failed-politics-of-housing-affordability-catherine-cashmore/2013072163429" target="_blank">few weeks ago</a> – woe unto any politician who suggests capital values may fall, thereby reducing the entry level of borrowing a new home buyer needs to fund.
And for anyone who has even a basic grasp of how the world’s debt based monetary system works, which provokes a continuous consumer driven need for spending and growth, you’ll understand precisely why there is little concentration on policies to reduce debt and instead a greater concentration on how to make higher capital prices more affordable, with low interest rates, tax incentives, grants, and arguably failed attempts to boost supply.
However, Australia is heading into prevailing headwinds which will have an inevitable impact on our younger generations as we navigate our way into what’s undeniably an environment of weaker economic growth.
All the conditions that were at play during the golden years of capital gains in which household incomes were rising strongly, and the commodity boom was impacting the overall size of the Australian economy are slowing.
We have a growing in-balance of the proportion of working age individuals relative to retirees which will bear heavily on the percentage of Government funding (the tax payers back-pocket) over the next 40 years or so.
In 2009-2010 financial year 26% of the government’s budget was directed towards age related services (health, age related pensions, and aged care) – however, according to treasury projections, this figure’s expected to increase substantially over the next 40 years <a href="https://archive.treasury.gov.au/igr/igr2010/report/pdf/IGR_2010.pdf" target="_blank">“pushing the share of spending to almost half.”</a>
In response, a range of tax concessions currently enjoyed by Australian’s will need to be re-addressed and judging by the reaction to the abolition of the statutory formula for valuing fringe benefits on employer provided cars, it will be far from palatable, albeit, an unavoidable necessity.
I would expect at some future/future point, the current claims on negative gearing will also inevitably fall into question – not an opinion that meets wide agreement, however time will tell.
Income growth is slowing – as chief economist of Macro Business, <a href="https://www.macrobusiness.com.au/2013/07/household-income-growth-evaporates/" target="_blank">Leith Van Onselen</a> recently pointed out in relation to the latest ABS “Biannual Household Income and Income Distribution report“ covering the 2011-12 financial year:
“An examination of biannual income growth since 1996 shows that average real inflation-adjusted household income (pre-tax) has essentially flat-lined since 2008 when measured on a equivalised basis" (i.e. adjusted for household size and composition.)
Full time job growth is weak, with both hours worked and levels of underutilisation deteriorating.  Even NAB have come onboard with a recent research release highlighting Australia’s "ongoing sources of weak domestic demand" and in relation to the overall outlook for Australia’s economy make the rather startling, albeit sobering comment: "We are not optimistic."
Significantly, they picked up on comments offered by RBA Governor Glen Stevens in suggesting that Australia cannot rely on housing and consumption to plug the growth hole – bringing into line an almost certain August interest rate drop – further eroding savings.
However, whilst this may assist lowering the Aussie dollar, which will have a positive impact in the longer term, GDP growth is slowing and as we’ve seen over the past 12 months, as a tool, interest rates are limited in their effectiveness to stimulate those sectors of the economy most in need.
For example, in relation to housing, the marginal upward trend in building approvals evident since the low of 2011, has been moderated with the latest ABS figures showing new houses and apartments falling -6.9% over June (seasonally adjusted) – posting their third large fall in the past four months.
Even allowing for the usual volatility of short term data, this is low by historical standards and falls short of RBA forecasts.   In contrast the established market is enjoying an investor lead rally as funds are increasingly shifted from cash into residential real estate with 36% of loans going to this sector alone.
 
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In May of this year, 18.4 billion worth of housing finance for investment purposes was committed to – the highest level since January 2008. 
Prices in Sydney, Perth and Canberra are now reportedly back to their previous peaks and with the cash rate set for a further fall to 2.5%, it could be argued that we haven’t even started to touch the surface. 
As reported a couple of weeks ago from the new “SMSF Professional’s Association of Australia and Macquarie Bank” according to the ATO, between 2006 and 2013, SMSF property assets grew in value by 230% – "a higher growth rate than any other asset class."
Ahead of the hugely popular auction episode of The Block, the REIV commented that the result could not be taken as a reflection of the current market. 
However, I attended the auctions on the day and the buoyant competition that was clearly evident from those bidding, was not at all at odds with what we’re currently seeing on the ground in inner and middle ring Melbourne localities.
If you have a sensible head on your shoulders, and think it somewhat bizarre that a buyer would pay around $1.5 million for a three bedroom apartment that has four bathrooms, five toilets - with some hefty owners corporation fees thrown in for good measure, along with fixtures and fittings which are arguably dramatically overcapitalized for the property type - when the same dollars could purchase a renovated period terrace in one of the better streets of Albert Park, Middle Park or South Melbourne, then you get a small sense of some of some of the  crazy activity I’ve witnessed of late.
 
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Most recently, the price of a 2 bedroom apartment in Melbourne’s bay-side suburb of Elwood, which achieved $830,000, yet an exact – or at least a very comparable - replica in the same block sold just two months prior for $715,000.
Or another from a local Woodard’s agency, who sold a three bedroom period home in Prahran with a reserve of $950,000, yet with approximately 200 in the crowd and six bidders, delivered a result of $1,325,000 with no recent comparable to suggest a price even moderately close to this level.
There is nothing particularly outstanding or unusual about these properties - neither in each circumstance are the results driven by home buyers looking for their dream dwelling and therefore, to some extent, a justifiable balance between price and desire for the one.
I could sight off the top of my head at least a dozen similar examples of investors overpaying for real estate, despite figures being somewhat inflated by lowering levels of stock.
Conversations with colleagues in Sydney, Perth and certain areas of Brisbane are full of similar tales of sheer amazement. Yet, as anyone who has an active interest in property or shares will tell you, markets run on fear and greed.
Or as Schiller said in his book irrational exuberance:
A “speculative bubble,” is “a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process amplifying stories that might justify the price increase.”
And although they were written with the USA housing market in mind, they’re words which aren’t wholly irrelevant when it comes to Australia’s current buying terrain.
As for first home buyers, the news is less joyous.
The latest ABS housing finance commitments note that first home buyers continue to play a long term decreasing role in the purchase of property accounting for only 14.6% of Australia’s buying market – which year on year is down -10.6%, with movements in percentages only fluctuating on the back of various grants an incentives.
Compare this with the 31.4% share during the 2009 boom – invoked by the first home buyer boost - and you’ll get the idea.
And whilst it can be argued that this figure is manipulated by the proportion of buyers who bought forward plans to buy under the Rudd stimulus, the longer term trend is particularly noticeable when looking at census data, with a sharp decrease in ownership between 1975 and 2010 for the age groups between 25-34 and 35-44 which has fallen from a peak of 61% to ‘around and about’ 45% currently.
Whilst demographic and lifestyle changes will inevitably result in a proportion delaying a purchase until later in life, it’s prospected a significant and growing percentage will remain trapped in the rental or social housing sector.
Rental rates have inflated strongly since 2007, RPData estimate a cumulative rise of 32.1%.
Any non-home owner locked in a ‘Catch 22’ of being employed in one of the capital city job hubsof Australia, will be hamstrung as they try to make headway against the escalating cost of accommodation.
So, when does affordability become an issue?
It’s wonderfully easy to create well worded speeches about halving the rate of homelessness with emotive sound bites filtered in for effect.
However, wishing a better life for the disadvantaged, who perhaps haven’t had the good fortune of inheriting the rewards of our golden years of growth, remains a charitable gesture without hard hitting policies which would inevitably impact the level of growth existing home owners could expect to achieve.
Albeit - unless we do so, Australia’s political powers are merely searching for answers with their right hand to problems they created with their left.
Instead, we need a sensible conversation on how we want the housing market to look in 10 to 20 year’s time, which isn’t dependent on pointless pot shots between bulls and bears.
If you listen to some market commentators, it will be an environment in which median prices in capital city localities will sit over a million in <a href="https://www.heraldsun.com.au/news/melbourne-homes-to-hit-1m-in-decade/story-e6frf7jo-1225821383815" target="_blank">10 year’s</a> time (a misguided prediction that has been lingering for some years – here’s another example <a href="https://www.propertyobserver.com.au/https://www.smh.com.au/articles/2003/07/05/1057179204746" target="_blank">written in 2003</a>) - so how about listening to the voices of those who have a degree of concern about their children’s future in an environment, is not prospected to be quite such an easy ride.
Catherine Cashmore is a market analyst with extensive experience in all aspects relating to property acquisition.
 
 
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