<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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After showing a consistent upwards trend, the proportion of homes selling at a loss across the country has eased over the final quarter of 2012.  Based on all dwelling sales over the December quarter 2012, 12.5% of all properties sold for less than their initial purchase price compared to 32.1% of homes selling for more than double their original purchase price.  The result highlights that many vendors continue to enjoy a significant profit on the sale of their home, with 45.1% of all home sales over the quarter realising a profit of more than 50% greater than the purchase price.

<a href="https://blog.rpdata.com/wp-content/uploads/2013/02/Sales-at-a-loss-vs-double-purchase-price.jpg" target="_blank"><img height="182" width="470" src="https://blog.rpdata.com/wp-content/uploads/2013/02/Sales-at-a-loss-vs-double-purchase-price.jpg" title="Sales at a loss vs double purchase price" class="aligncenter size-full wp-image-1936" id="_x0000_i1025"></a>

As the above graph shows, the instance of homes selling at a loss has eased over recent months, but on an historic basis the trend remains at elevated levels.  On the other hand, the proportion of homes selling for more than double their purchase price is at low levels after trending lower over recent times.  The proportion of homes sold at a loss has eased from an historic high of 13.5% of all sales over the three months to September 2012.  Although 13.5% of properties sold at a loss over the September 2012 quarter, 30.9% of all homes still sold for more than double their initial purchase price.

The important thing to note with this data is that just because a person has sold at a loss it doesn’t necessarily indicate financial strain.  Some vendors are obviously willing to take a loss on the sale of their home if they are re-purchasing at what they perceive to be a lower price.  The most recent housing loan arrears figures published by the Reserve Bank showed that around 0.6% of all loans across the country were past 90 days due.  Nevertheless, there are regions across the country which are of concern because of the high proportion of homes selling at a loss.

Across individual capital city housing markets, the proportion of homes sold at a loss over the December quarter 2012 ranges from 5.3% of homes in Canberra and Darwin to 18.9% in Brisbane.  On the other hand, the instance of homes selling for more than double their initial purchase price was as high as 43.0% in Perth and as little as 26.4% in Sydney.  It is, of course, a concern that almost one in five homes sold in Brisbane over the quarter sold at a loss. However, the majority of homes still showed a profit on sale.  Across the combined capital cities, the instances of loss are much lower than those nationally.  Over the December 2012 quarter, 9.9% of capital city house sales were made at a loss, compared to 33.2% of sales at prices that were greater than double the original purchase price.

<a href="https://blog.rpdata.com/wp-content/uploads/2013/02/Capital-city-table.jpg" target="_blank"><img height="223" width="470" src="https://blog.rpdata.com/wp-content/uploads/2013/02/Capital-city-table.jpg" title="Capital city table" class="aligncenter size-full wp-image-1937" id="_x0000_i1026"></a>

Throughout non-capital city housing markets the instances of loss has been quite varied.  Coastal markets which are associated with tourism and were formerly popular with ‘sea changers’ have typically incurred the greatest proportion of loss-making home sales.  Conversely, regions linked to the mining and resource sector have typically been much less inclined to incur a significant loss on the sale of a home.

Queensland’s Gold Coast, Sunshine Coast and Far North (which includes Cairns) regions have recorded the greatest proportion of homes selling at a loss over the quarter.  These three regions have recorded 39.4%, 34.5% and 33.8% of homes respectively selling at a loss over the quarter.  Most of the other regions which have realised the greatest proportion of sales at a loss are prominent coastal housing markets.

<a href="https://blog.rpdata.com/wp-content/uploads/2013/02/Greatest-instance-of-loss-regional.jpg" target="_blank"><img height="402" width="470" src="https://blog.rpdata.com/wp-content/uploads/2013/02/Greatest-instance-of-loss-regional.jpg" title="Greatest instance of loss - regional" class="aligncenter size-full wp-image-1938" id="_x0000_i1027"></a>

Regional markets that are linked to the mining and resources sector have generally seen the lowest instances of loss over the quarter.  It is important to note that the turnover of stock in many of these regions is quite low due to limited housing stock across these markets.  The Far West region of New South Wales has recorded no sales at a loss over the quarter while Western Australia’s Pilbara region has only seen 2.3% of all sales at a loss and North Western New South Wales has recorded 4.3% of all home sales at a loss.

<a href="https://blog.rpdata.com/wp-content/uploads/2013/02/Lowest-instance-of-loss-regional.jpg" target="_blank"><img height="405" width="470" src="https://blog.rpdata.com/wp-content/uploads/2013/02/Lowest-instance-of-loss-regional.jpg" title="Lowest instance of loss - regional" class="aligncenter size-full wp-image-1939" id="_x0000_i1028"></a>

Overall, in certain areas there has been a high proportion of homes sold at a loss over the quarter. However, it is encouraging to see that the instances of loss broadly across the country is falling.  The regions most susceptible to losses are the coastal markets, which were very popular with ‘sea changers’ in the lead up to the financial crisis, as well as being popular locations for holiday homes.  As demand has fallen, vendors have had to significantly drop their prices in order to sell in these regions. This is reflected in the fact that certain markets are seeing a large proportion of homes selling at below their previous purchase price.  The better news is that there is not one region across Australia where the majority of sales are occurring at a price below the previous purchase and subsequently most vendors are realising some form of profit on the sale of their home.
Cameron Kusher is senior research analyst at <a rel="nofollow" href="https://www.myrp.com.au/" target="_blank">RP Data</a>.
Photo by John Nuttall, courtesty of Flickr
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ckusher-ujnxiKuFQs

'Sea changers' markets most susceptible to losses: RP Data

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Strange things can happen when local Council's have no coherent height structure plans to deal with Melbourne's burgeoning apartment building boom. Yarra City Council's website states "Council has deferred consideration of the Swan Street Structure Plan to allow further detailed work to be undertaken on it." The initial consultation began during 2010 and carries on with no end in sight.
During this period a local developer lodged plans for a remarkable (in both location and scale) 33 level apartment building at 381 Punt Road in Richmond, which was to hold 326 apartments. Following Council refusal, 2011 saw the arrival of a smaller proposed tower at 12 levels seen below. Yarra City Council resolved to reject the 12 level complex, partly due to the 89 objections that were received but also due to concerns over height, bulk and maintaining neighbourhood character.
<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/2uihzbp_0.jpg" rel="gallery-all" title="Image © A Genser &amp; Associates "><img alt="" class="image-article-full-width-702px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_full_width_702px/public/pictures/article-images/2uihzbp_0.jpg?itok=QQ9L4A2g" title="Image © A Genser &amp; Associates " typeof="foaf:Image"></a>
Again project architect A Genser &amp; Associates returned with a revised scheme, this time an eight level complex consisting of 490sqm office space and 91 units &amp; townhouses with space for 118 bicycles and 119 vehicles through the basement. The proposal maintained a 55m frontage to both Punt Road &amp; Huckerby Street.
The above scheme was taken to VCAT during 2012 and ultimately gained approval albeit at 6 levels due to concerns over bulk and height. Recently, property development firm Austpac have <a href="http://www.austpachotels.com/properties/punt-road-hotel-melbourne/" target="_blank">added the 6 level complex to their website</a>, which reads as follows "Currently in development, this proposed apartment style hotel is situated on the edge of Melbourne’s premier sporting arenas; this new development will become the ideal base for those looking for a little luxury. Austpac Hotels and Resorts are the consultants to the developer and owner of this property on design, operation and forecasts."
<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/Punt-Road-Hotel1-300x185.png" rel="gallery-all" title="Image courtesy Austpac"><img alt="" class="image-article-half-width-351px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_half_width_351px/public/pictures/article-images/Punt-Road-Hotel1-300x185.png" title="Image courtesy Austpac" typeof="Image"></a>
Further Yarra City Council's website also shows two additional towers immediately surrounding Richmond Station as recently being refused. 63-65 Swan Street (below left) by CK Designworks was to be a 13 level tower containing a cafe and 43 serviced apartments while 9-13 Stewart Street by Plus Architecture (below right) was to contain 80 apartments also over 13 levels.
<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/Image2_12.jpg" rel="gallery-all" title="63-65 Swan St left, image © CK Designworks &amp; 9-13 Stewart St right, image © Plus Architecture"><img alt="" class="image-article-full-width-702px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_full_width_702px/public/pictures/article-images/Image2_12.jpg?itok=rf5OYsfV" title="63-65 Swan St left, image © CK Designworks &amp; 9-13 Stewart St right, image © Plus Architecture" typeof="Image"></a>
Good policy and common sense suggests it would be in Yarra City Council's interest to expedite its Swan Street Structure Plan, given they have a track record of rejecting ambitious proposals around the area.  If nothing else I'm sure local rate payers would appreciate their Council rates not being subsumed by VCAT, for if a binding Structure Plan (read height limit) were in place developers would have a clear understanding of what could be expected.
Would this not be beneficial for both Council and developers by minimising the cost and tedium of repeated planning applications for the same site?
Further to this Yarra City Council now has the added concern of the impending Richmond Station redevelopment, loosely based around GHD Engineering's <a href="http://www.ghd.com/global/projects/zero-concept/" target="_blank">Zero Concept</a> and expected to yield towers of 20 levels. Council having successfully opposed the Stewart Street proposal principally on height at VCAT now faces the prospect of towers nearly twice its size only meters away.
Some time after the announcement of Richmond Station's redevelopment by Matthew Guy, then Yarra Major Geoff Barbour <a href="http://www.yarracity.vic.gov.au/News/media-releases-2012/state-government-throws-open-the-door-to-developers-in-richmond/" target="_blank">expressed his disappointment</a> at his Council being left out of negotiations. Understandably so one would think, but if Council cannot produce a coherent, clear, all-encompassing Swan Street Structure Plan after three years, why should the State Government afford them a seat at the discussion table?
<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/s_n07_21146728_0.jpg" rel="gallery-all" title="Going nowhere fast. Image courtesy washingtonpost.com"><img alt="" class="image-article-full-width-702px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_full_width_702px/public/pictures/article-images/s_n07_21146728_0.jpg?itok=3b15ac6b" title="Going nowhere fast. Image courtesy washingtonpost.com" typeof="foaf:Image"></a>
In terms of its handling of the Swan Street Structure Plan, I can't help but equate Yarra City Council to the oldfangled hand-car shown above, ever so slowly making its way into Richmond Station.
Problem is a fast train by the name of Matthew Guy is quickly approaching from behind; this seemingly will end very poorly for one of the two.
 
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silvermb

A head-on at Richmond Station?

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The WA government’s department of Consumer Protection has lodged a Supreme Court writ against the promoter of a rent-to-buy property scheme, alleging the company and its director misled consumers.
In its legal action against Presto Property Solutions Pty Ltd and director Rowan Amanda Lines, it alleges that a couple from Quinns Rock, who signed up as vendors under Presto’s rent-to-buy scheme returned from overseas almost a year later to discover the tenant/prospective buyer had sold their above-ground swimming pool, valued at more than $16,000.
It is also alleged that Lines purported to be the owner of the home when dealing with the tenant/prospective buyer, but at no stage did she own the property - she had only signed an option to purchase it.
The couple from the outer north suburb of Perth had dealt with Lines after they responded to a sign posted by Presto on a light pole with the slogan "we sell houses fast" near their home in July 2010
It is the <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/wa-consumer-protection-targets-rent-to-buy-property-scheme-that-took-david-beckham-jersey-in-lieu-of-deposit/2012101557170">third rent-to-buy scheme</a> which has been the subject of recent legal action by Consumer Protection.
Rent-to-buy schemes are targeted at people who don’t qualify for home loans. Buyers agree to pay rent to the seller in return for being able to purchase the property at a later date.
The commissioner for Consumer Protection is seeking injunctions against Presto Property Solutions Pty Ltd and director Rowan Amanda Lines restraining them from making false representations to both buyers and sellers involved in their scheme, in breach of the Australian Consumer Law.
“Ms Lines had later purported to be the owner of the home when dealing with the tenant/prospective buyer. At no stage did Ms Lines own the property, she had only signed an option to purchase it.
“The commissioner further alleges that Ms Lines and her company made similar false statements such as “no banks, rent and own” and “I buy houses fast” in a series of advertisements in the Quokka newspaper and Gumtree website,” said Consumer Protection.
Acting commissioner for Consumer Protection Gary Newcombe has urged consumers considering a rent-to-buy scheme to be extremely cautious.
“In this case, the Quinns Rock couple returned from overseas almost a year later to discover the tenant/prospective buyer had sold their above-ground swimming pool which had a replacement value of more than $16,000,” Newcombe said.
“This highlights the confusing nature of these agreements where the line between tenant and owner is blurred and the legal rights of all parties are unclear. There are many other risks that we are concerned about.
“Under these schemes, buyers who default on their tenancy agreement or can’t get finance to buy the property at the end of the option period are at risk of losing the money that was intended to go towards the purchase.
“We are also concerned that money paid by the buyer does not appear to go into a trust account and there is very little accountability of where the funds go or any system in place to keep track of the ongoing option payments.”
In October 2012, the Commissioner for Consumer Protection lodged a Supreme Court Writ seeking an injunction against another rent to buy property scheme, alleging that promoters Patricia Mirawati Susilo and Bryan Artawijaya Susilo of Applecross, engaged in misleading and deceptive conduct in breach of the Australian Consumer Law.
In August 2011, the Commissioner warned consumers about rent to buy property promoters No Loan Home Pty Ltd (trading as Perth’s Easyhomes WA), its sole Director Filip (Fil) Butkovic and employee Nikola (Nik) Butkovic.
In May 2012, the Supreme Court ruled the scheme was illegal because the promoters were not licensed real estate agents. The Court also ruled that the promoters had misled clients regarding the future value of the property, the potential equity that they are able to build up over a four to five year period and their ability to obtain finance at the end of this period.
Consumers who have concerns about a rent-to-buy property scheme should contact Consumer Protection on 1300 30 40 54 or email: <a href="mailto:consumer@commerce.wa.gov.au">consumer@commerce.wa.gov.au</a> for further information and advice.
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lschlesinger-FZcF9M3vE6

WA’s consumer protection takes legal against rent-to-buy property scheme after tenant sells portable swimming pool

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<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/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">Bay Cottage, the simple 1940s beachfront cottage with an ambience reflecting the good old days of Palm Beach, has been sold for a good old day's sale price.
It's been snapped up by Origin Energy managing director Grant King and his wife Jennifer, according to company documentation created to hold the investment property for the Neutral Bay couple.
<a href="https://78ilukaroad.com" target="_blank">Bay Cottage</a> (pictured below) stands on a level 620-square-metre block of land at the corner of Iluka and Nabilla roads, adjacent to a park fronting Snapperman Beach.
<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/titletattlefeb22one.jpg" alt="titletattlefeb22one" width="470" height="310">
Set in lush tropical gardens with a avocado tree, the main two-bedroom house has a sandstone facade. Its upstairs wide bi-fold windows allow sea breezes to float through, while providing views across the water to Coasters Retreat.
It comes with the one-bedder boatshed, credited as one of the most charming boatsheds on the Pittwater foreshores.
<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/titletattlefeb22two.jpg" alt="titletattlefeb22two" width="470" height="312">
It last traded for $5.25 million in October 2006 with minor refurbishments undertaken in 2007. 
It was initially listed in April 2009 with $6.29 million hopes.
Title Tattle notes its been sold at $4.05 million, reflecting a 22% price fall. Its price represents $6,500 a square metre. While it would be pushing it to suggest that <a href="/news">Palm Beach</a> become a peninsula of paupers, there's no doubting beachfront property prices had come off by 20% or so by late 2009 due to the global financial crisis, and in many instances hovers still at those levels.
Bay Cottage sold through Noel Nicholson at LJ Hooker.
The price drop almost mirrors the official NSW Valuer-General land valuation which has dropped 32% from $5.88 million as at July 2010, to $5.1 million in July 2011 and to $4 million in July last year.
Based on the three-year averaging, its $4.99 million average will incur an $83,400 land tax bill. 
Since 2007 the taxable value of each parcel of land is determined by adding the land value for the current tax year and the land values that applied for the two preceding tax years then calculating the average.
<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/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="margin: 5px; float: left;">Last year's top Palm Beach sale price was Kalua, the Joye family’s plantation-style Palm Beach trophy home, officially registered at $22 million.
It consisted of two amounts, the $19 million 4,615-square-metre front block on Ocean Road plus the rear Florida Road $3 million 888-square-metre block.
Another $1.42 million was paid in stamp duty for the property, which is a five-bedroom, six-bathroom house with three-bedroom guesthouse along with studio cabana, pool and tennis court on a 5,500-square-metre dress circle block overlooking Cabbage Tree Boat Harbour.
Breaking it up into two separate prices allowed a $60,000 stamp duty saving as stamp duty on a $22 million sale would have been $1.48 million.
Sutton and his wife will be the 1920s beach bungalow’s third owner. It was last sold by the Hordern retailing family to the more entrepreneurial Joye family, the current vendors, for $330,000 in 1978.
Palm Beach sales previously peaked with the $15 million sale in 2007 of Anakela, the beachfront retreat of the late grocery tycoon Jim Fleming and his widow, Angela.
It was bought by the Uncle Toby's founder Doug Shears.
The Flemings had paid $3.65 million in 1995 for the 1,947-square-metre Iluka Road property, which had sold in 1973 for $140,000.
The Flemings constructed an expansively lavish house that came with a second-floor see-through glass bathtub, which was suspended above the ground-floor living area.
It was 1981 when the late Kerry Packer broke through the suburb's million-dollar threshold with his $1 million purchase from the MacCormick family. But the pianola is the raciest accoutrement around at the Packer family bungalow.
Kalua was sold by Ken Jacobs and Darren Curtis at Christies International in conjunction with LJ Hooker Palm Beach agents David Edwards and Peter Robinson. It represents a record price for the suburb, and a bullish price, but it didn't overflow into the bulk of the prestige market with any great impact following its April 2012 sale.
<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/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">Neither did the April 2011 purchase by Steve Bellotti, ANZ’s managing director of global markets, of $8.4 million on a beachfront property in the pricey part of Sydney’s northern beaches peninsula.
The vendor, dentist Graham O’Neil, had wanted $9.95 million for the 558-square-metre holding with an architect-designed two-storey, five-bedroom beach house complete with boat and watercraft storage area with hydraulic floor lift.
It ranks among the few Iluka Road properties with title to the high-water mark, whereas the other properties are mostly reserve frontage.
It was a more-than-respectable final selling price of $15,000 per square metre which gave rise to suggestions the tide was rising.
There was a nearby $6 million sale nearby in 2010 with a tiny cottage that reflected $10,900 per square metre of land value. And another house slightly less comparable to the Bellotti purchase sold mid-2010 at $7.2 million, which reflected $13,400 per square metre.
The pre-global financial crisis beachfront record was $12,980 per square metre, also on Iluka Road, in 2007.
At one stage during the downturn there was a $4 million oceanfront reserve sale on Ocean Road – directly opposite the northern end of beach – reflecting $3,550 per square metre in 2009. Prices, however, eventually found their floor in the wash-up of the much-credited Lehman's effect.
The 558-square-metre Bellotti Palm Beach block comes with a current $4.6 million valuation, down on its $5 million valuation a year earlier and its $5.61 million unimproved land valuation in 2010. The 2008 land valuation was $5.28 million and $5.5 million in 2009. The current annual land tax bill will be $85,000, if the home is not the principle place of residence.
Its value in 1984 was $350,000, according to RP Data.
<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/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">
The current priciest listing was listed last month by businessman Paul Nankervis and his wife, Rosie, on sought-after Sunrise Hill.
It was designed by architect Susan Rothwell on a 1,891-square-metre block with the uninterrupted full northerly panorama of the sand spit, golf course, ocean, Pittwater and Barrenjoey headland and its lighthouse.
<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/titletattlefeb22four.jpg" alt="titletattlefeb22four" width="470" height="557">
After the Nankervises bought the property (pictured above and below) 11 years ago for $2.4 million, they built the three-level residence featuring six bedrooms, six bathrooms, and kitchen and expansive living areas flowing to entertainment terraces.
<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/titletattlefeb22three.jpg" alt="titletattlefeb22three" width="470" height="348">
<a href="https://palmbeach.ljhooker.com.au/2MEF6Z" target="_blank">The property</a> is for sale with $14 million plus hopes through LJ Hooker agents David Edwards and Peter Robinson. 
<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/flagtitletat.jpg" alt="flagtitletat" width="25" height="34" style="font-size: 14px; margin: 5px; float: left;">
The ongoing twin challenges for Palm Beach are the strength of the Australian dollar – and the virtual absence of expatriate buyers – and perhaps the greater underlying inhibitor to any sustained recovery, the detrimental impact of land tax.
Looking at the rubbish trolleys still out on the narrow streets well after garbage night, it is possible to conclude about 80% of Palm Beach properties are holiday houses. So their holiday home purchase requires not only the initial outlay – with its inevitable NSW government premium property stamp duty – but also the annual land tax.
The best thing to do is make Palm Beach one’s principle place of residence and have a land tax-free apartment in town.
<div> </div>
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jchancellor-FAypfDUnLy

Grant King, the Origin Energy boss, secures Palm Beach, Sydney, cottage cheapie

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There was a 14% rise in new apartment sales on the Gold Coast over the December quarter led by 31 unconditional sales recorded at the Sirocco apartment project being developed by the Emandar Group.
Colliers Internatial records 160 sales across 37 projects over the December quarter of last year compared with 140 sales across 40 projects in the previous quarter.
Despite the improvement sales remain at historically low levels - the long-term average for apartment sales on the Gold Coast is around 300 unconditional sales per quarter.
The December quarter result continued a trend of rising sales and declining projects being marketed off-the-plan with Mistral at Harbour Quays, Kirra Wave at Bilinga and Surf 120 at Broadbeach all selling out over the quarter. 
Sirocco at Harbour Quays was the only new project launched over the quarter. 
Sirocco is being developed at Harbour Quays near Biggera Waters, about 15 minutes north of Surfers Paradise. 
The project features 40 apartments, half of which are two-bedroom apartments as well as one and three-bedroom apartments and four-bedroom villas. 
Project numbers on the Gold Coast have declined for eight consecutive quarters from just over 60 in December 2010 to just 37 in the December 2012 quarter. 
The current number of projects is the lowest number of projects being marketed at buyers in 12 years. 
There are around 1,000 apartments available for sale at the moment, which represents a 20 month supply pipeline at the current sales rate, and the lowest since figures were first recorded 30 years ago. 
However, given that sales numbers are trending up and only two new projects expected to be added over the first quarter of 2013, the supply pipeline should begin to shorten. 
The two new projects coming on board are – the third stage of Harbour Quays in Biggera Waters and Synergy at Broadbeach.
Gold Coast apartment market – sales over 2012
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="213">
QUARTER - 2012
</td>
<td valign="top" width="213">
NO. OF SALES
</td>
<td valign="top" width="213">
NO. OF PROJECTS
</td>
</tr>
<tr>
<td valign="top" width="213">
March
</td>
<td valign="top" width="213">
113
</td>
<td valign="top" width="213">
47
</td>
</tr>
<tr>
<td valign="top" width="213">
June
</td>
<td valign="top" width="213">
133
</td>
<td valign="top" width="213">
42
</td>
</tr>
<tr>
<td valign="top" width="213">
September
</td>
<td valign="top" width="213">
140
</td>
<td valign="top" width="213">
40
</td>
</tr>
<tr>
<td valign="top" width="213">
December
</td>
<td valign="top" width="213">
160
</td>
<td valign="top" width="213">
37
</td>
</tr>
</tbody></table>
 
Tony Holland, Colliers International Residential Director of Project Marketing says buyers of new apartments on the Gold Coast or Tweed Coast have much more limited options than they have in the past.” 
Holland says there is more confidence in the Gold Coast as a whole now and this year had started off exceptionally well.
“We can report anecdotally that both enquiry and more importantly sales have been strong this year, not only in the apartment market, but also in the land sales market,” he said.
“It’s still at low levels but we think that is ­probably being held back because of the lack of choice in the market," Holland told the Australian Financial Review.
According to Holland , buyers are perceiving that the new price levels represent good value.
A regional report released by RP Data this week reported that Gold Coast unit values are still down 19.5% from their peak with the only the fast north Queensland coast a worst performing market, with unit prices down 22% from its peak.
The only one major off-the-plan project launched over the December quarter was Amalgamated Property Group’s Synergy at Broadbeach with 130 apartments.
The Melbourne-based Pellicano Group also recently gained master planning approval for a 1650-dwelling proposal at the Zagame family’s Paradise Resort on the Gold Coast.
According to Lynda Campbell, Colliers International research manager, the best performing precinct across the Gold and Tweed Coasts in the new apartment market for the December quarter was the North Shore, which had 84 sales across nine projects. 
The Colliers International figures contrast starkly with November quarter figures reported by the <a href="https://www.propertyobserver.com.au/developments/heavily-discounted-hilton-surfers-paradise-the-only-notable-gold-coast-high-rise-seller-in-november-quarter-midwood/2012121958540" target="_blank">Midwood Report,</a> which recorded just 19 unconditional high-rise apartment sales over the November quarter, a 70% plunge from sales figure a year ago.
There are currently 247 apartments in the medium-rise sector available for sale and 758 in the high-rise sector, according to Colliers International.
Niecon's two-tower Oracle project on Broadbeach, currently in receivership, managed over 100 sales in 2012.
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Gold Coast new apartment sales rise 14% in December quarter as project numbers decline

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Property Tycoon is back for another big year of auction tipping.
There's now a website, <a target="_blank" href="https://mail.privatemedia.com.au/owa/redir.aspx?C=KgoIydkbbkqcxEmtHCpjYzenKRip4s8ILx-ixDagf2W2XMdG8J7GWA4FzDXhsR5a7S8fbUw_Jbw.&amp;URL=http%3a%2f%2fwww.propertytycoon.com.au%2f">www.propertytycoon.com.au</a>, where punters can guess five auction results in Melbourne and Sydney, with no outlay. It's mostly about testing your market knowledge with a small cash prize as a sweetener. This season <a style="font-size: 14px;" href="https://www.propertytycoon.com.au/join-league/S7S123C487R8OOQF" target="_blank" rel="nofollow">Property Observer readers have their own competition, which you can access here</a><a href="https://www.propertytycoon.com.au/join-league/S7S123C487R8OOQF" rel="nofollow">.</a> The winner of the overall competition will win $1,000.
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This weekend, a couple of period gems will go under the hammer, and their agents say you will need deep pockets to add them to your portfolio.
Jellis Craig agent Clayton Smith says many people have fallen in love with <a href="https://www.realestate.com.au/property-house-vic-richmond-112894751" target="_blank">10 Erin Street, Richmond</a> (pictured below). However, the $2.5 million-plus price tag is a barrier.
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This grand Victorian residence on an elevated site is one of Richmond Hill's most illustrious homes. This prime location ensures a great lifestyle and is close to Bridge Road, fine local parks and gardens, the MCG and Melbourne's sporting and arts precincts.
Another stunning Victorian house to be auctioned on Saturday is <a href="https://www.realestate.com.au/property-house-nsw-paddington-112903655" target="_blank">44 Gordon Street, Paddington</a>. This property (pictured below) ticks all the boxes with four bedrooms, two bathrooms and a double lock up garage at the rear.
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<div><img src="/images/stories/2013/02/tippingfeb25two.jpg" width="470" height="351" alt="tippingfeb25two"></div>
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The current owner bought the property in 2004 when they paid $2.37 million. McGrath agent Ben Collier has indicated the property will sell in excess of $3 million this time around.
If you think you know what it will sell for place a tip at <a rel="nofollow" href="https://www.propertytycoon.com.au/" target="_blank">Property Tycoon</a>.
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Auction tipping returns with Victorian beauties

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Villa Palma, the NSW mid-north coast holiday house of interior designer Garth Barnett, has been listed for sale.
With views of Diamond Beach, a nature reserve and the hinterland, the Mediterranean-style Red Head house was designed for entertaining.
<img src="/images/stories/2013/02/redheadfeb22one.jpg" width="470" height="318" alt="redheadfeb22one">
It has large, open-plan living and dining areas that flow out to terraces, courtyards and the swimming pool.
Its been fitted out with massive carved antique doors from India and stone works from Java and Bali and inlaid cabinetry from Morocco.
Its been listed for sale at $1.85 million through Richard Cooper of Raine &amp; Horne Double Bay inconjunction with Bob Gould of Tallwoods Real Estate.
<img src="/images/stories/2013/02/redheadfeb22two.jpg" width="470" height="310" alt="redheadfeb22two">
The property is about a 15-minute drive north of Forster, three hours north of Sydney.
"Villa Palma has been created for those who appreciate style, luxury and privacy," <a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/266522">the marketing says</a>.
<img alt="redheadfeb22map" height="260" width="470" src="/images/stories/2013/02/feb19mclachlan/redheadfeb22map.jpg">
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Designer Garth Barnett's Red Head villa

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Angophora House, a newly completed Avalon house designed by Richard Leplastrier, has been listed by Andew Campbell, the builder who has worked on a number of Leplastrier's designs.
Its being marketed by the agency, <a target="_blank" href="https://www.modernhouse.co">Modern House Estate Agents</a>, as "a piece of fine cabinetry for humans."
They suggest the location of 33 Bellevue Avenue is equally beguiling being sited on the tip of the extended grove of Angophoras.
The recently completed house has six pavilions on an 808-square-metre site with good vantage lookouts towards Bangally Headland. No price guide has been yet given on the house set at Avalon, the northern beachside suburb of Sydney located 35 kilometres north of the Sydney CBD.
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The four bedroom, two bathroom house with 139 square metres of internal space has been worked on full-time for three years and three months until completion in February 2013. The design stems back to 2003.
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Some six months was spent in the ground with the help of master builder John Simpson with the timber, being recycled Jarrah coming from the Freemantle Wool Store, comprising some nine carriage loads delivered by Andrew Brodie of Australian Architectural Hardwoods, Kempsey.
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<img src="/images/stories/2013/02/angophorafeb22.jpg" width="470" height="313" alt="angophorafeb22">
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Image courtesy of Michael Nicholson Photography
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Builder lists Avalon's Angophora House by Richard Leplastrier

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Actor Madeleine West secured $500,000 for her redundant Richmond apartment which she bought towards the conclusion of her four year role as Dione Bliss on Neighbours.
It's the second successful property transaction in the month for West, who also sold the Kensington family home she shares with chef Shannon Bennett.
The two-bedroom, art deco-style apartment cost $297,000 in 2003. It had fetched $132,000 in 1994.  
Its <a target="_blank" href="https://www.realestate.com.au/property-apartment-vic-richmond-112482639">Hocking Stuart Richmond agent Daniel Atsis </a>was quoting $450,000 to $490,000 during the recent marketing campaign.
The ground floor Lennox Street apartment features, thanks to Bennett's role as an ambassador for Miele, some impressive kitchen appliances.
Their <a target="_blank" href="/news">Kensington </a>property sold after being listed with price hopes of $1.5 million to $1.65 million was even more of  <a target="_blank" href="https://www.propertyobserver.com.au/victoria/chef-extraordinaire-shannon-bennett-lists-home-for-%2415-million-plus/2013013159077?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=latestnews">a chef’s dream</a>.
The reason behind the listings came evident when it emerged the chef Shannon Bennett and his wife, Madeleine West, had snapped up <a target="_blank" href="https://www.propertyobserver.com.au/victoria/shannon-bennett-and-madeleine-west-buy-the-1881-south-yarra-mansion-barwon/2013021859417">an 1881 South Yarra property last December</a>.
 
 
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Actor Madeleine West secures $500,000 Richmond apartment sale

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A former self-managed superannuation advisor has received concurrent suspended sentences of 18 months after advising his clients to buy shares he held in a commercial lending business.
Craig Gerard Dangar was yesterday sentenced in the NSW District Court, Downing Centre after pleading guilty to two charges brought by ASIC of obtaining financial advantage by deception.
Dangar pleaded guilty to obtaining a total financial advantage of $250,000 by recommending that two clients purchase a portion of his shares in Morris Finance Ltd, a Geelong-based commercial lender, and misrepresenting the true owner of the shares.  He also indicated to one of the clients that the shares were likely to increase in value. Charges were brought by ASIC following an investigation into Dangar’s conduct between January 2004 and September 2007 while he was employed to provide superannuation advice to trustees of self-managed superannuation funds, and compliance advice to accounting firms. ASIC commissioner Peter Kell said ASIC is focused on promoting the integrity of the self-managed super industry so that ultimately, consumers feel confident when dealing in this area. "This case is a reminder to industry participants in the self-managed super space that dishonest conduct will not be tolerated and can lead to criminal conviction," Mr Kell said. Mr Dangar will be sentenced separately on a related charge before the Downing Centre Local Court on 11 April 2013. The Commonwealth Director of Public Prosecutions is prosecuting this matter.
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