<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?

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Total construction work in Australia fell 0.1% in December, according to Australian Bureau of Statistics figures released yesterday, defying economists' more optimistic expectations.
It had been previously predicted construction jobs would rise by 1.5% for the quarter, but the results suggest the construction industries woes are not yet over.
The latest Australian Securities and Investment Commission statistics indicated the construction industry had the highest number of insolvencies in 2012, making up over a fifth of the total 10,632 companies.
Savanth Sebastian, market analyst at CommSec noted while construction work eased in the December quarter, work done was still up 11.9% on a year ago and just holding shy of the record highs reached in the September quarter.
"In addition September quarter construction was revised up from 1.7% to 1.9%," he said.
Commercial building work done rose by 2% in the December quarter with residential work up 1.7% while engineering work fell by 1.3%.
South Australia (down 9%) and Western Australia (down 7.5%) lead the declines.
"The modest decline in construction activity is hardly anything to be concerned about," Savanth Sebastain said.
"The weakness in the latest result was largely driven by the pullback in engineering activity driven by the mining services sector late last year and confined to Western Australia and South Australia.
"Given the subsequent improvement in Chinese activity and rebound in commodity prices some of the weaknesss in engineering activity would be reversed in coming months.
"Residential building work rose for the second straight quarter and while it is starting off a low base the improvements are certainly encouraging.
"The housing sector is showing signs of life given the low interest rate environment and the fundamentals remain sound for a healthy pickup in residential construction.
"Low interest rates, pent up housing demand, strong population growth, and low unemployment coupled with state and federal govenement grants should ensure that residential construction coninues to improve over the coming year," he said adding the Reserve Bank would be encouraged by the pickup in residential activity.
 
 
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jchancellor-FAypfDUnLy

Housing sector signs of life, but total construction work fell 0.1% in December: ABS

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Commercial property group Becton has been placed in limited receivership as the company struggles to survive under the weight of about $250 million in debt.
The collapse comes as a number of development and construction companies have been placed in either administration or receivership over the past few years, with the industry making up a sizeable percentage of the total number of insolvencies recorded last year.
The impact of Becton’s limited receivership has spread across the construction industry. Shares in Mariner Corporation fell 40% yesterday after the company confirmed it was Becton’s largest shareholder with an 18% holding.
Becton was placed in limited receivership yesterday, with Mark Korda and Janna Robertson of KordaMentha appointed.
The structure of a limited receivership means a small number of holding companies are now placed in receivership, but according to KordaMentha, “there is no impact on the Becton operating companies involved in construction, development and retirement businesses”.
The company manages a large number of projects, including the Sydney Dee Why Gardens retirement village, along with the massive $733 million Newleaf social housing project in western Sydney.
A spokesperson for the receivers said: "Like many companies, Becton was affected by the global financial crisis and had to refinance.”
“The industry as a whole has had problems.”
SQM Research managing director Louis Christopher also said Becton was highly exposed to the fallout in the financial sector in 2008 and has struggled in the subsequent years of trading.
“Becton took a big hit back in 2008, and they were highly geared at that time,” he says.
However, there is some hope. Christopher says although there has been a worrying number of collapses in the construction industry, Becton’s problems are not reflective of the industry as a whole.
And he says it’s even likely the company will survive.
“The receivers have come in early, and I think they should be able to trade its way out of the situation once the debt is restructured.”
The company recorded a statutory loss of $17.9 million in its latest annual results, released last September. Becton blamed the result on impairments and non-operating costs and losses of $24.3 million.
The company also said its high amount of debt would be a key challenge for the business going forward.
''Having exhausted all alternatives available to it, the Board therefore has no reasonable basis for believing [Becton] will be in a position to pay its debts as and when they fall due,'' the business said in an ASX statement yesterday.
Receivers have confirmed the debt level for the holding companies impacted by the receivership is around $95.5 million, with construction debt of around $155 million, although these figures exclude the aged care business which is not in receivership. The company’s main lenders are Goldman Sachs and Fortress.
The receivers have gone out of their way to emphasise the construction part of the business is still operational.
“The Becton entities responsible for the operations of the business are not in receivership and continue to trade on a “business as usual” basis under the control of their existing officers,” they said in a letter sent to stakeholders.
The entities in receivership include Becton Property Group Limited and some non-trading corporate subsidiaries such as Becton Group Holdings and Becton construction nominees.
The company was founded in 1976 by Rich Lister Michael Buxton, although he and co-founder Max Beck have stopped their day-to-day involvement with the business.
Beck said he “cannot understand what has happened to the company since I ceased to be involved it”.
"It's just so tragic that a company that took 30 years to build has been allowed by others to collapse in just a few short years."
Becton was founded by Rich 200 member Max Beck, who retired in 2007 but remains a shareholder in the group.
He told BRW it was disappointing to see the company go under.
“I think everyone had seen it coming but it’s a sad day for the company and all the employees and shareholders.”
Beck noted that for more than 30 years, Becton had created a fantastic reputation for the highest quality development and I cannot understand what has happened to the company since I ceased to be involved with it”.
“I cannot comment on why Becton has fallen into administration, all I can tell you is that when I ended my role with the company I believed it still had a very strong future, with good projects and a dedicated team.
“My thoughts are with all the wonderful people and [the] chairman that work for Becton today and contributed so much to the company in the past.
“It’s just so tragic that a company that took 30 years to build has been allowed, by others, to collapse in just a few short years."Reports indicate the business had attempted to restructure its debt with both Goldman Sachs and Fortress, but the attempts were unsuccessful. However, the two entities are said to have preferred a limited receivership so construction projects can continue.
Some of the biggest collapses in the past year have been in the construction industry, including the collapse of Hastie Group in May 2012 due to a $20 million fraud.
This article first appeared on<a target="_blank" href="https://www.smartcompany.com.au/information-technology/054381-construction-pain-continues-as-becton-companies-placed-in-limited-receivership-with-250-million-in-debt"> Smart Company</a>.
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pmcstafford-pr9eMARWoN

Max Beck says he “cannot understand what has happened" to Becton since he ceased to be involved

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Property valuers LandMark White are being sued for a "gross overvaluation" of a Sydney office building by the financial services group, Suncorp.
Suncorp alleges LandMark was negligent when it provided Record Investments, the Allco company, with a $115 million valuation for the 13-storey office building at 149 Castlereagh Street in Sydney's CBD.
Allco had purchased the property for $35 million in 2007, then received a $90 million mortgage facility from Suncorp to renovate the building based on a $115 million valuation.
However Suncorp's claim before the Federal Court suggests the renovated building was only worth $65.6 million with Landmark alleged to be negligent partly because it relied on a 100% occupancy as soon as the renovations finished.
"A reasonably competent valuer would not have assumed that the property would be more than one-third leased on practical completion," Suncorp said in its statement of claim which was reported by Fairfax Media.
LandMark also failed to take into account poor pedestrian traffic flow and access, poor natural light and an excess of columns in the building, and the lack of vehicular access "with the result that all goods, including waste removal, would have to be carried in and out of the building at the street frontage".
Suncorp claims it was left $40.2 million out of pocket after Allco collapsed and is seeking compensation and damages.
The building was in the <a target="_blank" href="https://www.propertyobserver.com.au/office/allco-asset-re-listed-after-last-sale-fails-to-get-across-the-line/2011110652219">news in late 2011 when the Allco asset </a>was re-listed after a sale failed to get across the line. It finally sold last year at $40.6 million to Blackstone at a reported 46% discount to the face value of the debt from Suncorp.
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Landmark White being sued over Allco Sydney office valuation

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The former canvas factory in Newtown owned by artist Ben Hall has been listed for sale through Ercan Ersan at BresicWhitney Estate Agents.
The architecturally reinvented <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-newtown-113150755">Trade Street warehouse</a> home comes with soaring ceilings, exposed beam structures along with handmade features ensuring great use of light.
The price guide is more than $1.1 million.
<img height="350" width="470" src="/images/stories/2013/02/hallfeb27two.jpg" alt="hallfeb27two">
There are exterior terrace spaces.
It has three bedrooms plus along with stainless steel breakfast bar kitchen and sky lit shower space.
Its upper level has a bedroom and study with balcony.
<img height="352" width="470" src="/images/stories/2013/02/hallfeb27one.jpg" alt="hallfeb27one">
Ben Hall's paintings are abstractions inspired by the Australian landscape.
He studied art under Roland Wakelin and Lloyd Rees while studying architecture at Sydney University.
He is also a master woodworker, having crafted baroque musical instruments, some of which are included in the Powerhouse Museum.
The 1930/40s warehouse will go to auction on March 23.
It was bought by Hall in 1980.
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Artist Ben Hall lists his inner city Newtown warehouse

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Alannah Hill, a star among the Melbourne fashionocracy, is selling her South Yarra abode, Risby.
The chic 1880s Victorian residence sits within the Domain precinct across from Fawkner Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/02/hillfeb27one.jpg" alt="hillfeb27one" width="470" height="351">
It is expected to fetch $4 million-plus when auctioned next month, before Hill's intended bayside move.
The two-storey house with retained period features has been listed through Marshall White agent Marcus Chiminello.
The boom-style terrace with three bedrooms and a formal lounge, wraparound terrace, double garage and pool, cost a reported $4.31 million in 2010.
It was sold in 2010 by Virginia Monahan, who imports fine cashmere from Scotland to make into sweaters, and her husband Brad who'd listed it with $3.5 million-plus hopes.
<a href="https://www.marshallwhite.com.au/?pagecall=property&amp;propertyID=2279301" target="_blank">The auction is scheduled for March 2</a>.
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Alannah Hill lists South Yarra boomtime terrace, Risby

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One of Melbourne's leading residential real estate project marketing agencies says owner-occupiers outnumbered investors three-to-one in its 2012 apartment sales.
CBRE Residential Projects' managing director Andrew Leoncelli says the average sale price of apartments sold last year by CBRE was $589,000.
"The split between owner occupiers and investors was approximately 75/25, as local owner-occupiers made a quality product offering their number one search criteria," he said.
<img height="305" width="470" src="/images/stories/2013/02/cbrefeb27one.jpg" alt="cbrefeb27one">
Mr Leoncelli cited <a target="_blank" href="https://www.emporialiving.com/">Emporia in Commercial Road, Prahran</a> (pictured above) and <a target="_blank" href="https://www.studioninerichmond.com.au/">Studio Nine, Richmond</a> (picture below) as success stories for CBRE in 2012.
<img height="271" width="470" src="/images/stories/2013/02/cbrefeb27two.jpg" alt="cbrefeb27two">
"These two projects offered a level of finish not seen for many years across the local market.”
Andrew Rice, of Property Development Analysis, says investor locations - such as the CBD and Southbank - are measured with a different set of requirements than their local precinct counterparts such as those in Prahran, Richmond, Fitzroy and South Yarra.
In such areas, he says, owner-occupiers are typically attracted by the closeness to services and amenities which compliment lifestyle and workplace.
"Buyers have been patiently waiting for projects with a certain level of quality before they buy," Mr Rice said.
"Projects that offer a unique level of finish through design and use of superior materials not only set themselves apart from the rest of the market but have enjoyed great results in 2012 and we expect this trend to continue into 2013."
Mr Leoncelli says the early part of 2013 has been promising for property trends, with online enquiries up 40% from this time last year and strong interest in all of CBRE’s currently advertised projects.
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gdwyer-vyxhMDDW5L

Owner-occupiers outnumber investors in CBRE Melbourne apartment sales 

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The vacancy rate of Dublin's office market has fallen on the back of steady quarterly take-up of space and a lack of new office developments, according to Savills.
Savills Ireland director Roland O'Connell says the last quarter of 2012 saw the highest level of quarterly take-up in the Dublin office market for the year at 51,000 square metres. This was also the highest quarterly take-up since 2008.
"Take-up for the year as a whole was 137,000 square metres, slightly lower than the 147,000 square metres occupied in 2011," Mr O'Connell said.
"Steady quarterly take-up and no new construction space has continued to see a drop in the vacancy rate to 20.2% at year end, compared to 23.6% at the end of 2010 and 21.6% at the end of 2011."
Click to enlarge
<a href="/images/stories/2013/02/chartoftheweekfeb27.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2013/02/chartoftheweekfeb27thumb.gif"></a>
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Dublin office vacancy rates improves to 20%: Chart of the week

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I recently mentioned the <a href="https://www.propertyobserver.com.au/overseas/a-12-month-journey-to-us-residential-property-investment-cameron-mcevoy/2013020659193" target="_blank">12-month-long research process I went through</a> in the lead-up to deciding 100% that I would be investing in the US property market. Today I chronicle the period of January 2013 up until this month, where I began my meetings and dealings with numerous US investment specialist companies that are either based entirely in Australia or are based in both Australia and the US.

But let me take a step back, first of all. There are effectively two ways to buy in the US as an Australian citizen:
1. You can attempt to do it all yourself. This involves securing finance yourself, setting up a company structure yourself, finding a property yourself (whether this be directly or via a US buyer’s agent whom, you guessed right, you’d need to find yourself), doing any repairs or renovations (aka "rehab" in US property language) needed, finding a managing agent yourself, and so on; or
2. You could pay a specialist company a fee to help you through all, or some, of these steps in the journey.
Being a first-time investor in the US, I decided early on that I would opt for the second option. However, this process was something of a minefield. I must mention up front that I am acutely aware of the fact that if I name any one (or several) of these service-providing companies in my writing, readers may perceive these mentions to be biased, name-dropping, or cash-for-comments appearances. So I will not mention any companies by name.
Instead, I will list the different "types" of companies that exist here in Australia to offer would-be US property investors services that can help with their property portfolio build/plan. I will provide the cons/weaknesses that I observed as I interviewed, enquired, and canvassed these various companies. Firstly, however, I’ll list that option I mention above – the one that does not involve partnering with a company. In other words, going it alone! As mentioned, I am not interested in this option; instead I am choosing to partner with a specialist company for my first endeavour.
Additionally, it is not in my interest to critique or review any single specific company’s operation and present my views based on my experience. This type of assessment must be made by individual investors based on their interactions with these companies. In fact, I fully recommend this critiquing as part of your US property investment due diligence. So in no order, here is a list of the types of options available to Australian investors when it comes to the US market:
Do it yourself (no company)
How it works: You do everything yourself, so you must set up your company structure, source a property, do the due diligence on it, then buy and manage the property yourself. Perhaps you’ll still use a managing agent, but you’ll need to source a trustworthy agent yourself.
Pros: You do not have to pay any professional fees for information or "process costs". You will, of course, still need to pay all "dues" (county taxes, legal costs, LLC set-up costs, etc.), as you would with any other purchase. You also have the freedom to engage any partners – i.e. buyers 'agents, in any process component that you desire, and are not at the mercy of using the "preferred partners" of a real estate investment company (this may come at a higher cost than sourcing these partners individually). This approach can work if you have friends/family who already invest in your chosen state/market and have contacts on the ground there.
Cons: There are a lot of sharks in the US real estate market. You will rely only on their "word" (though you should be requesting testimonials and speaking with other clients, to make sure they can be trusted), but there is no real way to know if the people you are enlisting will do the job properly. Costs may be cheaper for some services, but due to inexperience, you may be unknowingly paying more. Unless you are very confident in buying sight-unseen and contact-unmet (which in itself is a high-risk venture) you will need to fund a trip to the US to do your due diligence on the ground, costing several thousand dollars.
 
<hr class="system-pagebreak">
 
US investment education companies
How they work: These companies exist for the above-mentioned type of investor (say you want to do the process yourself, make your own contacts, and form your own new connections on the ground), but one who wants to fast-track the process. You effectively pay a fee (typically anywhere from $5,000 up to around $13,000) to do a course, to teach yourself all of the skills needed to move quickly with a US acquisition. Usually these courses include a funded trip with part of a class group to go to the location you’re interested in investing in and make your own connections there yourself. Several investors will usually make their first actual purchase while on this trip. These courses typically go for a couple of weeks all up.
Pros: You get to inherit all of the shared experience, knowledge, and expertise of industry icons, who have had tremendous success personally, but developing their own process for property acquisition, and teaching their "secrets: to you. Usually the course curators who are charging for these courses will hold dozens of US properties in their own portfolios, which is evidence that the skills and tactics they’ve enlisted can work very well. You get to fast-track your knowledge and also get to "action" elements while on the ground to fast-track your own property knowledge. You’ll likely form connections and contacts who will continue to partner with you beyond just the first property purchase.
Cons: The risk behind paying for a short course to educate yourself is that whilst you may learn several skills, you still need to be ready to execute while your learnings are top of mind. In other words, if you don’t invest directly during or after your course, you may not benefit. Additionally, course convenors will take you on tours of locations in states where they personally have had high degrees of success. These destinations may not be on your personal target/strategy list. Also, at the end of the day, you’ll still need to do all the work yourself; it’s just that you’ll be out of pocket several thousand dollars.
Single-market specialists
How they work: Some companies exist to only focus on one market that they know extremely well. Their connections on the ground there are usually long-term, highly trustworthy, and can enable them to acquire properties in that city/state for their clients at competitive rates. They can also then "rehab" properties to sell to Australians while also assisting with some, but not all, of the process (e.g. LLC set-up, connecting you to solicitors, accountants, and managing agents on the ground, in that chosen state or market).
Pros: One of the toughest dynamics to put up with, in almost every city in the US, is this dynamic of "good street, bad street". We do not really have that in Australia. This means that there are pockets of good and very bad suburbs within cities that only experts can know. These types of companies will be able to source the "good street" properties more easily than you would be able to yourself. These companies are great to consider if their focus city happens to be one you are interested in, based on your due diligence around cities and market types.
Cons: Only one market knowledge. This means you are at the mercy of the market drivers of just that city/state. Look at Detroit, Michigan, for example. Catastrophic events can turn a once prosperous city into a slum overnight, so there is risk associated with partnering with a company who only backs one city. Additionally, these operators tend to acquire big volumes of townhouses/detached houses (aka "single-family homes" in US property language) in existing estates and mini-suburbs. This can mean risking exposure to high-renter-occupier neighbourhoods, something that is not the best investment strategy. Instead, homes that are  less cookie-cutter can be a better investment because there is a greater chance that the neighbourhood is more of an owner-occupier one, and this is usually preferred by would-be renters (in other words, your tenants).
Multiple-market purchase-only specialists
How they work: These company types will be able to source quality properties in several cities/states that they identify as being ripe with opportunity. They may also be able to help with several of the "checklist" elements of the property purchase process. This may include assisting you with registering an LLC in a state that is cost and resource-efficient to do so, along with partnering you with a property manager on the ground to manage the property. These types of companies will not usually have access to finance or be able to assist with it.
Pros: You get the assurance that by offering expertise in several markets; you can have choice and variety. This is important because your finances will usually dictate the states/cities available to you. Having a variety of cities to choose from increases your chances that they will have one you can actually afford. Additionally, these types of companies will start from a finance-first perspective, which is a good thing, as you’ll know what markets you can play in, based on the deposit you have and the likely loan amount you’ll be able to achieve.
Cons: Variety is a good thing, but sometimes good things can be spread too thinly. For instance, if the company is based in one city only in the US, how can you be sure that its claimed expertise in multiple cities is legitimate? Also, if finance is not part of their service inclusion, then these companies may have a vested interest in placing you with a property that is perhaps higher than you can really afford, and you may find yourself in a type of loan that is not very competitive, simply to have a property that was probably $20-$30K out of your affordable range.
Multiple-market full service providers
How they work: These company types will typically operate in a half dozen or even more markets, and they have long-term trustworthy connections with solicitors, accountants, buyers agents, managing agents, all on the ground, in those cities. Similarly to the company type above, these operators will also likely start from a finance-first perspective, so you know your affordability and loan-maximum, from the beginning. Most will charge fees for their service, usually payable upfront or early on in the work process.
Pros: Exposure to several types of lenders within the different states and markets where the company focuses on; multiple-market knowledge that may afford you several ‘price point’ options based on your spend level (aka, ‘buy-rate’) for that property. The connections on the ground in each market will likely be accustomed to working with foreign investors, which is a positive for inexperienced investors. Additionally, some of these companies will let you control how much (or how little) hand holding you’d like, throughout the process, meaning that if you are pleased with your first acquisition, future property purchases can occur directly with the contacts on the ground, and you may avoid paying the company’s facilitation fees again.
Cons: While these providers may seem like the ‘cream of the crop’ because they help you with everything, you should be wary of pricing. In addition to their service fee, you may be paying a premium on the cost of the property, that makes it slightly more expensive than the list-price you’d pay for a property if you were to buy it directly (you can investigate how to know if this is happening, in part #3 of this series where I will detail some useful online tools to use during your due diligence process). Also, they will require a lot of paperwork and pre-qualification, so be ready for an onslaught of document requests from the outset, when working with these kinds of companies.
At this stage in my journey, I’ll likely be proceeding with a full-service company, because this suits my situation. 
Cameron McEvoy is a NSW-based property investor and maintains a blog, <a href="https://propertyspectator.blogspot.com.au/" target="_blank">Property Spectator.</a>
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cmcevoy-Go82SmsJA9

The pros and cons of using a company to help you invest in the US: Cameron McEvoy

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As one office expansion at AMP Square (535 &amp; 555 Bourke St) nears completion, another directly opposite, is due to begin. EstimateOne recently listed four builders as vying for the construction rights to deliver a revamped 570 Bourke St; they being Brookfield Multiplex, Watpac, Built and Probuild Constructions. Known as Marland House, the tower was completed during 1972 and is currently owned by Charter Hall.
Standing at 121m with 31 levels of A-grade office space the Hassell-designed expansion consists of a new 12 level wing over the Bourke St forecourt, while also adding a dozen levels at the rear of the tower above the existing 645-bay Secure Parking facility facing Little Bourke St. According to project manager PDS Group, these new additions which are valued at approximately $70 million will employ the maximum site area while adding 15,620sqm of net lettable area to the complex.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image1_6.jpg" rel="gallery-all" title="570 Bourke St expansion. Image courtesy PDS Group."><img alt="570 Bourke St expansion. Image courtesy PDS Group." class="image-article-full-width-580px" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image1_6.jpg?itok=vC9rbvMG" typeof="Image"></a>
<figcaption>570 Bourke St expansion. Image courtesy PDS Group.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/Image3_3.jpg" rel="gallery-all" title="570 Bourke St expansion. Image courtesy PDS Group."><img alt="570 Bourke St expansion. Image courtesy PDS Group." class="image-article-full-width-580px" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image3_3.jpg?itok=r_EFkrFV" title="Images of 570 Bourke St expansion" typeof="Image"></a>
<figcaption>570 Bourke St expansion. Image courtesy PDS Group.</figcaption></figure>555 Bourke St on the other hand is in the final stages of it's regeneration. Backed by owner Juilliard Group and designed by Metier 3 architects, its expansion seeks to completely overhaul the 1969 landmark building designed by US firm Skidmore, Owings and Merrill. After nearly two years builder Construction Engineering has essentially completed all works with a variety of extensions added to the original tower at 535 Bourke and the L-shaped St James building.
The $120 million expansion includes three additional levels atop St James, characterised by overhung floorplates, angled blades and a glass facade with etched L-shapes; taking inspiration from the shape of the building. Photos of the expanded 555 Bourke St are found below

<h2>Project details</h2>
Further details for 555 Bourke as per <a href="http://www.realcommercial.com.au/property-offices-vic-melbourne-500420731" target="_blank">realcommercial.com.au</a>:

<ul>
<li>Large Efficient Floor Plates</li>
	<li>Centrally Located to all public transport with Southern Cross station 400 metres away</li>
	<li>100% Full Fresh Air Distribution System with LTVAV (Low Temperature Variable Air Volume)</li>
	<li>Up to 14,000 sqm of Office Space available</li>
	<li>Excellent Natural Light</li>
	<li>Innovative &amp; Unique Design</li>
	<li>Abundant End Of Trip Facilities and tenant amenities including bike storage for 200 Bicycles and 20 customized shower facilities.</li>
	<li>4.5 star NABERS Energy Rating (Target)</li>
	<li>Meeting &amp; Conference facilities</li>
	<li>Substantial on-site retail and public space amenity</li>
</ul>
<h2>Comment</h2>

Although a moot point now, a case may have been made for retaining AMP Square as was, given its design by a world renowned architecture firm: Skidmore, Owings and Merrill. The age, character, appeal and interest associated with the complex may have let to AMP Square being considered as a place of local significance and a potential heritage listing. Everyone will have their own opinions on this matter. Regardless from my perspective the new AMP Tower, St James development is generally a good outcome.


While I may have misgivings regarding the etched facade applied to the St James extension, the general size and scope of the revamp is quite good. One of the key aspects of any aged building regeneration is increasing human interaction. Once up and running AMP Square will feature massively expanded retail offerings, active street frontages as opposed to blank walls and a covered internal area heavily weighted towards user amenity and retail purposes which in turn enhances social interaction. That is always a good result.
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silvermb

Regenerating office buildings on Bourke

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Several Becton holding companies have been put into receivership, but their newly appointed administrator says the move will not impact on Becton companies involved in construction, development and retirement businesses.
Administrator Mark Korda, from KordaMentha, said receivers and managers had been appointed to Becton Property Group Limited (BPGL) and a limited number of non-trading corporate subsidiaries.
The action was taken by the company's lending consortium led by Goldman Sachs who have been locked in a struggle for control of the company.
“It is important to understand this is a very limited receivership which affects the ownership and control of Becton, but not the business operations,” Korda said.
“It will be business as usual in the development, construction and retirement operations.”
Korda said settlements on sale of homes and retirement villas will continue as scheduled and deposits for future villas will be preserved.
Creditors, including contractors, will continue to be paid.
Korda said the retirement business was a joint venture between Becton and Oman Investment Fund (OIF) and is unaffected by the receivership.
The receivership will have no impact on resident contracts, service fees, occupation rights or staff entitlements, he said.
The development of the sites known as Bonnyrigg and Waterloo will continue, while the operating companies will continue to be managed by chief executive Matthew Chun.
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The ASX was notified the board of Becton Property Group Limited received notification from GSFIG Limited (“GSFIG”) that receivers and managers had been appointed by GSFIG this morning to BPGL, Becton Pty Ltd, Becton Group Holdings Pty Ltd and Becton Construction Group Nominees Pty Ltd.
"The appointment of receivers and managers follows protracted discussions with GSFIG, which elected not to provide the waivers and support requested by BPGL in respect of its debt facilities, which were necessary to ensure the future and ongoing solvency of BPGL," the notice said.
"The board and management submitted detailed restructuring proposals to GSFIG but has been advised that GSFIG is not prepared to support these restructuring proposals. Despite extensive negotiations with GSFIG, the Board has been unable to reach agreement with GSFIG on the merits of the proposals.
"Having exhausted all alternatives available to it, the board therefore has no reasonable basis for believing BPGL will continue to be in a position to pay its debts as and when they fall due.
"Accordingly, BPGL notified GSFIG of events of default under its debt facility agreements with GSFIG and the board invited GSFIG to appoint receivers and managers to BPGL, Becton Pty Ltd, Becton Group Holdings Pty Ltd and Becton Construction Group Nominees Pty Ltd.
"In the absence of any transaction which could achieve value for shareholders, the board considers that its actions have maximised the expected outcome for other stakeholders of the group, including employees and creditors."
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