<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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Local resident and property adviser Andrew Winter is a tad premature in saying it's a done deal, but a Coomera River estate widely regarded as among Sanctuary Cove's most iconic homes is close to sale.
Its estimated selling price has ranged between $6 million plus - which was its 2006 purchase price - through to Winter's $10 million plus forecast.
<a href="https://twitter.com/andrewtwinter" target="_blank"><img src="/images/stories/2012/10/wintertweet.jpg"></a>
Listed as having grandeur, opulence and absolute style, the luxury Gold Coast  residence sits on a 2,362-square-metre block.
It's under conditional contract – which prompted its withdrawal from its recent scheduled Ray White auction.
It comes with five bedrooms, six bathrooms and an office.
"The realistic vendor wants it sold at auction if not prior," said its marketing material by listing agent <a href="https://raywhitesanctuarycove.com.au/qld/sanctuary-cove/841593/" target="_blank">Matt Gates at Ray White Prestige Property</a>.
<a href="https://www.propertyobserver.com.au/queensland/sanctuary-cove-mansion-sale-sets-new-reputed-%2412-million-record/2012053054896" target="_blank">There was a $12 million sale in May</a>.
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jchancellor-FAypfDUnLy

Tweet of the day: Sanctuary Cove awaits confirmation of another $10 million mansion sale

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Surry Hills ranks as the 23rd most stylish neighbourhood in the world, according to lifestyle magazine Complex, which was founded by American fashion designer Marc Ecko.
The ranking says <a href="/news">Surry Hills</a> is Sydney's main hub for fashion, with a number of notable businesses including Dear Pluto, Reuben Hills, Via Alley, Holy Kitsch! and Bourke Street Bakery.
“Crown Street, the heart of the neighbourhood, is where you'll find all of the restaurants, bars, and coffee shops,” author Julian Kimble writes.
<img src="/images/stories/2012/10/surrygraffiti.jpg">
“<a target="_blank" href="https://www.dearpluto.com/Home">Dear Pluto</a> offers retro styles and <a target="_blank" href="https://shop.viaalley.com/">Via Alley</a> provides the best stuff that countries like Japan have to offer. <a target="_blank" href="https://www.holykitsch.com.au/">Holy Kitsch!</a> is the place for art, collectibles, and Sugar Skulls inspired by Mexico's 'Dia le los Muertos'."
The ranking found the <a target="_blank" href="https://www.complex.com/style/2012/10/the-50-most-stylish-neighborhoods-in-the-world/">top 50 neighbourhoods</a> “where the cool kids congregate”.
“Whether it's the shops, the bars and restaurants, the galleries and museums, or just some unidentifiable vibe that the neighbourhood exudes, these are the places that emerge as destinations for unique fashion, style, and culture.”
“But it's more than just a fashion sense that make these 'hoods stand out—art, architecture, and a booming subculture scene are all factors that give some places the extra something that make them more stylish than others.”
Surry Hills ranks just behind Andrássy Avenue in Budapest and Vesterbro in Copenhagen with the top ranked neighbourhood listed as 1st Arrondissement in Paris.
The current median price for houses in<a target="_blank" href="/news"> Surry Hills</a> is $891,000 with a median rent of $705 per week for houses. For units the median price is $505,000 with a median weekly rent of $525, according to RP Data.
Surry Hills was the only Australian neighbourhood to make the ranking.
The top 10 most stylish suburbs according to the list are as follows:
10. Brera (Milan, Italy)
9. Central District (Hong Kong)
8. Ladbroke Grove (London)
7. Sodermalm (Stockholm)
6. Wynwood (Miami)
5. Kreuzberg-Friedrichshain (Berlin)
4. Gastown (Vancouver)
3. Soho (New York)
2. Harajuku (Tokyo)
1. 1st Arrondissement (Paris)
Surry Hills photograph courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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awalsh-7Ub9EypybQ

Sydney's Surry Hills ranked 23rd most stylish neighbourhood in the world

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Houses in Albert Park recorded some of the biggest increase in rents over the quarter for Melbourne, bucking the trend for city, according to Australian Property Monitor figures.
Across Melbourne <a href="https://www.propertyobserver.com.au/landlords/sydney-and-perth-rents-hit-record-highs-apm/2012101057084">rents remained unchanged for the quarter</a> at $360 per week for houses and $350 for units, but some suburbs recorded strong rental growth.
Rents for houses in Albert Park rose 15.4% over the quarter to $785 per week.
The recently renovated house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-408740367">39 Dinsdale Street</a> is on the market for $995 per week. It was last listed at $895 per week in July 2011, a rise of 11% over the period.
The house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-403111456">5 Boyd Street</a> is offered for rent at $1500 per week. According to RP Data, it’s significantly higher than the 2008 rent of $995 per week but below the asking price earlier this year of $1,750 per week.
The house at <a target="_blank" href="https://www.realestate.com.au/property-house-vic-albert+park-404011798">166 Danks Street</a> is being offered for $800 per week. According to RP Data the asking rents have steadily increased by about $20 per year since 2007.
And the house at <a href="https://www.realestate.com.au/property-house-vic-albert+park-408834659">12 Faussett Street</a> recently sold for $1.26 million and is being offered for rent at $860 per week, a yield of 3.55%.
A number of popular suburbs rose sharply, according to the figures published by Fairfax.
Houses in Kew recorded a similar spike in rents, rising 12.6% over the quarter to $670.
Units in Springvale were third on the list of 10 top rental growth suburbs, with rents rising 11.8% over the quarter to $285.
 
<table width="430" border="0" cellspacing="0" cellpadding="0">
<colgroup>
<col width="127">
<col width="64" span="2">
<col width="175">
</colgroup>
<tbody>
<tr height="20">
<td width="127" height="20">Suburb</td>
<td width="64">Type</td>
<td width="64">Median weekly rent</td>
<td width="175">September quarter change</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Albert Park</a></td>
<td>House</td>
<td align="right">$785</td>
<td align="right">15.4%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Kew</a></td>
<td>House</td>
<td align="right">$670</td>
<td align="right">12.6%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Springvale</a></td>
<td>Unit</td>
<td align="right">$285</td>
<td align="right">11.8%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Footscray</a></td>
<td>Unit</td>
<td align="right">$310</td>
<td align="right">10.7%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Balwyn</a></td>
<td>House</td>
<td align="right">$550</td>
<td align="right">10.1%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Malvern East</a></td>
<td>Unit</td>
<td align="right">$345</td>
<td align="right">7.8%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Templestowe Lower</a></td>
<td>House</td>
<td align="right">$450</td>
<td align="right">7.1%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Williamstown</a></td>
<td>House</td>
<td align="right">$535</td>
<td align="right">7%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Altona</a></td>
<td>Unit</td>
<td align="right">$310</td>
<td align="right">6.9%</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Sunshine North</a></td>
<td>House</td>
<td align="right">$320</td>
<td align="right">6.7%</td>
</tr>
</tbody>
</table>
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Albert Park heads top 10 rental growth suburbs in Melbourne

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There was a $3.89 million sale price in the recent settlement details for the redundant Dover Heights home of Channel Seven Price Is Right presenter Larry Emdur.
It had passed in on a $3.8 million vendor bid at its May auction – and then sold in July at an undisclosed price.
It took the morning television host nine months to find the buyer of the ocean clifftop property, which had been initially listed for sale late last year after Emdur and his wife, Sylvie, upgraded to a $6.8 million Dover Heights clifftop residence.
<a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/auctions/larry-emdur-withdraws-redundant-dover-heights-holding-from-weekend-auction/2011102852109" target="_blank">Last October, when Emdur pulled the house from auction</a>, its price hopes were around $5 million.
The extensively renovated P &amp; O-style <a href="/news">Dover Heights</a> house was sold through Daniel Baran and Reece Coleman of BHR Estate Agents, who had tried to secure interest around $4.2 million.
It is set on 417 square metres, whereas the <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/larry-edmur-says-good-morning-to-breathtaking-cliff-top-property/2011090251402" target="_blank">Emdurs’ new home is on 1,062 square metres of clifftop land.</a>
The Emdurs had owned the Dover Heights property since 1994 when they spent $770,000.
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Larry Emdur's price was $3.89 million at Dover Heights

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Sydney estate agent John McGrath says Sydney’s property market is on the rebound and entering the beginning of the next growth cycle, though the luxury market may still have to wait.
The founder and current chief executive of McGrath real estate McGrath says Sydney will experience some price growth in 2013 with the surrounding regional areas likely to follow within 12 months.
“I believe the real estate markets in most parts of Australia, certainly Sydney, are past the worst and heading for some blue skies in 2013,” McGrath says in his spring 2012 report.
“That’s not to say I expect either a straight line growth recovery or an instant uplift in prices
“However…we are through the worst and at the beginning of the next growth cycle. We have already seen Sydney median prices grow by just under 2% in the past 12 months.”
To back up his “gut feeling”, McGrath cites lower days on market; a return of investors; increasing rents; and increasing affordability as key signs of a recovery.
McGrath says selling times have dropped from 50-60 days down to 30-40 days while figures show 45% of AFG loans approvals have been for investors suggesting there’s a steady pipeline of investors waiting to buy.
He says bidder turnout has improved in line with higher clearance rates, which hit a two year peak of 68% in August.
McGrath says rents have continued to rise in most metropolitan regions metropolitan regions with the median rent for a three-bedroom house in Sydney increasing by around 5% to $420 per week this year while the median rent for a two-bedroom apartment grew by 6% to $425 per week.
“This both encourages tenants to consider shifting to home ownership and provides investors better yields,” McGrath says.
He says affordability has increased, particularly for first home buyers with home loan rates are around 50 basis points lower than their long term average and fixed rates sitting around 5.39%. He says AFG reported August was its strongest mortgage month for home loan applications in more than three years.
“So, as we look at these factors and observations, it seems to me that all things considered we will see price growth in Sydney in 2013.”
“The surrounding regional areas are likely to follow within 12 months. Historically, these areas have a lag time of 6-12 months behind the major metropolitan markets and I imagine this will likely be the case again.
“Having said that, the property market is also experiencing a two-speed turnaround. Properties under $1m are in strong demand whilst those above $2m are less so.
“Many of the factors I have outlined have greater impact on first and second homebuyers than they do on luxury property owners.
“The key catalyst for the upper end recovery will be the share market. Interest rates, rents and unemployment are not really influencing factors for the top end. Many luxury owners are still awaiting some clearer resolution on the macro economy and the Euro zone before jumping back into the market.
McGrath predicts rents will increase 4% to 5% over 2013 while sale prices for properties under $750,000 will increase 2% to 5%, property prices between $750,000 $1.5m will increase 5% to 8% and prices will remain neutral for sales above $1.5 million for the next nine months before increasing 10% in the 2014 financial year.
He does provide the caveat that if the ASX hits 5000 points the top end of the market will see rapid increases earlier than suggested above.
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Sydney prices recovering: John McGrath

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Journalists with a 24-hour news cycle and a 30-minute attention span declared the end of life as we know it in South Australia when BHP Billiton had its recent panic attack over falling prices for some commodities. 
Those with a simplistic mindset and the analysis skills of a Footy Show star reasoned that the Olympic Dam expansion was the biggest thing – no, wait, the only thing – happening the SA economy, therefore the BHP decision to delay – hang on, let’s change that to “scrap” – the project meant that SA was basically finished. 
We even heard that a range of property developments planned for the Adelaide CBD would die because everything depended on Olympic Dam. 
You have to wonder – is your average journalist really that dumb, or do they simply not give a damn? 
To paraphrase Shakespeare: The first thing we do, let’s kill all the journalists. Then most of the economists. 
South Australia, let me tell you, is far from finished. It’s our most under-rated state. It leads the nation in several important industries and it’s now our third big resources state, though few people appear to realise it. 
Let’s not dwell too long on SA’s status as the leading state for Defence contracts (including the current $8 billion AWD project and the upcoming $20 billion submarine project) and also for alternative energy facilities, particularly wind farms. Nor on the fact that Adelaide has more infrastructure projects under construction than Sydney, although that’s more an indictment on New South Wales than a credit for SA. 
Let’s focus on resources. Anyone who thinks Olympic Dam is the only show in town for SA hasn’t been paying attention. It’s not even the biggest show. 
By far the biggest single factor likely to impact the SA economy is the decision to open up the Woomera Prohibited Area for mining. The potential outcome from this decision, first announced a year ago, will make Olympic Dam look puny. 
 
<hr class="system-pagebreak">
 
This is topical because there was a further federal-state announcement about this last week. The October 4 announcement by Defence Minister Stephen Smith and SA Premier Jay Weatherill gave mining companies formal approval to explore the giant WPA. They say it will become “one of Australia’s most significant resource provinces”, with minerals worth over $1 trillion, according to one guesstimate. 
This vast area (it comprises 13% of the state) is believed to contain Australia’s largest copper and uranium resources, considerably more than those at Olympic Dam. The WPA also has big gold and iron ore reserves. 
The move to grant exploration licences comes after negotiations between the federal government and the state to reconcile weapons testing and defence training (the reasons this is a prohibited area) with full-scale mining operations.
Weatherill said the approval was "one of the most significant milestones for the advancement of South Australia's resources sector". This area already has 150 exploration licences, with 80 more applications in the pipeline.
Yet media coverage of the announcement was somewhat muted and underplayed the importance of the event. I imagine if Smith and Weatherill had announced they were scrapping the plan it would have been on the front page of The Australian, the nation’s most relentlessly negative newspaper, and many others as well. 
The location best-positioned to benefit from mining in the WPA and elsewhere in the state is Port Augusta, a crossroads town which is a logical place to fly-in-fly-out workers to base themselves. Port Augusta is well-situated for the growing number of iron ore mines emerging on the Eyre Peninsula, as well as what’s happening in the WPA and will happen, eventually, at Roxby Downs with some form of expansion of Olympic Dam. 
Whyalla also has a big future, for similar reasons.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" rel="nofollow" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" rel="nofollow" target="_blank">followed on Twitter</a>.
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terryryder-YECXbqmri2

South Australia's property investment opportunities far from finished: Terry Ryder

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Units in Arncliffe, just west of the airport, recorded the highest growth in rents for all sectors in Sydney real estate market over the quarter.
Rents in Arncliffe rose 26.2% over the quarter to $530 per week, according to Australian Property Monitors figures.
A number of brand-new apartments are up for lease in the suburb, including units in Meriton’s new 307-unit building Fusion, where <a target="_blank" href="https://www.realestate.com.au/property-unit-nsw-arncliffe-408586779">two-bedroom apartments</a> rent for $590 per week.
A two-bedroom apartment in the building recently sold for $600,000.
The new Serenity building, a 182-unit development, has a number of units for lease.
<a target="_blank" href="https://www.realestate.com.au/property-apartment-nsw-arncliffe-408650307">Apartment G507</a> in the building recently sold for $559,000 and is offered for rent at $530 per week, giving a gross yield of 4.93%.
Though the market is dominated by newer developments, there are a number of older units in brick buildings available for rent.
Apartment 9 at 12 Queen Street was one such case. The most recent asking rent was $350 per week for the two-bedroom apartment, up from $290 a week in 2009. The landlords had been asking for $380 earlier this year but have since reduced their expectations.
<a target="_blank" href="https://www.domain.com.au/Property/For-Rent/Apartment-Unit-Flat/NSW/Arncliffe/?adid=7951059">Apartment 8</a> next door, is at a current asking rent of $355 per week, though marketing notes this is a reduced asking rent. It last traded for $230,000 in 2003.
Across Sydney, <a href="https://www.propertyobserver.com.au/landlords/sydney-and-perth-rents-hit-record-highs-apm/2012101057084" target="_blank">rents have hit record highs</a> as median house rents grew 4% over the quarter to $520 per week while unit rents were unchanged over the quarter after recording strong growth in the previous quarter.
Although unit rents remained unchanged over the whole of Sydney, units in some suburbs such as Arncliffe recorded massive growth over the quarter, as reported by Fairfax.
Arncliffe’s massive increase was followed by Granville, near Parramatta, where house rents grew 10% to $440 per week.
In third place was Edgecliff, in the inner east, where unit rents rose 9% to $545 per week.
<table cellpadding="0" cellspacing="0" border="0" width="417"><tbody>
<tr>
<td nowrap valign="bottom" width="64">
Type
</td>
<td nowrap valign="bottom" width="111">
Suburb
</td>
<td nowrap valign="bottom" width="87">
Median weekly rent
</td>
<td nowrap valign="bottom" width="155">
Change over the quarter
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a target="_blank" href="/news">Arncliffe</a>
</td>
<td nowrap valign="bottom" width="87">
$530
</td>
<td nowrap valign="bottom" width="155">
26.2%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
House
</td>
<td nowrap valign="bottom" width="111">
<a target="_blank" href="/news">Granville</a>
</td>
<td nowrap valign="bottom" width="87">
$440
</td>
<td nowrap valign="bottom" width="155">
10%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a target="_blank" href="/news">Edgecliff</a>
</td>
<td nowrap valign="bottom" width="87">
$545
</td>
<td nowrap valign="bottom" width="155">
9%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Balmain</a>
</td>
<td nowrap valign="bottom" width="87">
$595
</td>
<td nowrap valign="bottom" width="155">
8.2%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Fairlight</a>
</td>
<td nowrap valign="bottom" width="87">
$595
</td>
<td nowrap valign="bottom" width="155">
8.2%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Woolloomooloo</a>
</td>
<td nowrap valign="bottom" width="87">
$700
</td>
<td nowrap valign="bottom" width="155">
7.7%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Leichhardt</a>
</td>
<td nowrap valign="bottom" width="87">
$430
</td>
<td nowrap valign="bottom" width="155">
7.5%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">St Leonards</a>
</td>
<td nowrap valign="bottom" width="87">
$590
</td>
<td nowrap valign="bottom" width="155">
7.3%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
Unit
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Rockdale</a>
</td>
<td nowrap valign="bottom" width="87">
$470
</td>
<td nowrap valign="bottom" width="155">
6.8%
</td>
</tr>
<tr>
<td nowrap valign="bottom" width="64">
House
</td>
<td nowrap valign="bottom" width="111">
<a href="/news">Chatswood</a>
</td>
<td nowrap valign="bottom" width="87">
$808
</td>
<td nowrap valign="bottom" width="155">
6.3%
<div></div>
</td>
</tr>
</tbody></table>
Source: APM
Rents fell in some suburbs, such as <a target="_blank" href="/news">Glebe </a>and <a target="_blank" href="/news">Haymarket</a>.
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Arncliffe leads top 10 rental growth suburbs in Sydney: APM

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Melbourne residential developers are for the first time building more multi-unit projects featuring townhouses, apartments and flats than detached houses, according to the October report from property valuers Herron Todd White.
Affordability is the main driver of this shift in development focus as “people are pushed to build smaller more modest, cheaper homes".
“The transitioning mentality of the population in relation to buyer preferences is also another reason as people are developing an interest in terrace housing as it looks appealing and is essentially affordable," says HTW.
This trend was also noted by <a href="https://www.propertyobserver.com.au/victoria/hot-property-investment-opportunities-in-west-north-and-outer-east-melbourne-suburbs-apm/2012100757023">Austr</a><a href="https://www.propertyobserver.com.au/victoria/hot-property-investment-opportunities-in-west-north-and-outer-east-melbourne-suburbs-apm/2012100757023" target="_blank">alian Property Monitor’s (APM) senior research analyst Clinton McNabb </a>at the recent Melbourne Home Buyer and Property Investor show.
McNabb said comparison between the 2006 and 2011 census data shows rising numbers of single person and childless couple housing occupants, indicating an increasing  demand for higher-density living.
McNabb also said more families are now willing to live in apartments and willing to sacrifice space for location.
The HTW October report focuses on the northern suburbs of Melbourne, where many new residential communities are being developed, and where these macro forces have “put pressure on house prices and influenced demand for product".
“Areas such as the northern suburbs are experiencing a slide in demand since the expiry of the $13,000 new home bonus by the state government which was a huge stimulus for growth in the area,” says the report.
The bonus has been replaced by a with a 20% cut on stamp duty with another 10% discount to follow from January 1, building eventually to 50%.
“Developers have over compensated in suburbs such as Mernda and Craigieburn," says HTW.
“There is a large supply of estate houses for sale in these areas along with developments under construction which are experiencing less demand then what was originally planned for.
“In these areas there is little reason to celebrate as property prices have experienced a drop due to the lack of demand for these products ever since the incentives were taken away.
The report notes that developers have introduced their own incentives but “none are on the same scale of the first home owners’ bonus which led the way for demand for development in the area.”
Thinking about buying your dream land package? <a target="_blank" href="/news">Sign up for our free short courses.</a>
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lschlesinger-FZcF9M3vE6

Melbourne developers now building more multi-unit projects than houses: HTW

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Orcades, one of the largest oceanfront properties at Palm Beach, has failed to sell at its mid-week auction.
There was just the one bid at auction - and the $4 million offer was rejected by the auctioneer when the landmark 1,922-square-metre estate was offered in the Raine &amp; Horne auction room.
Bordered by bushland reserver and the oceanfront, the 1950s P&amp;O-style homes sits on three Whale Beach Road blocks.
The property has a 44-metre ocean frontage with views stretching from Palm Beach to the central coast and is set in lush gardens with frangipani trees and a pool
It's named after the ocean liner Orcades, which made her maiden voyage from London to Australia in late 1948 – and comes with an original mirrored artwork of the ship. It was the first Orient Line post-war new ship built, replacing the 1937 built Orcades. 
The four-bedroom house at <a target="_blank" href="https://www.palmbeachrealestate.com.au/sale/307whalebeach.htm">307-311 Whale Beach Road</a> had $6 million-plus hopes.
It has been owned since the mid-1970s by the late entrepreneur Michael Callaghan, who died in July last year. He secured the holding through a trust deed arrangement from sales consultant Barry Neary who had spent $117,000 to buy the property in 1975. It was previously briefly owned by A.B. Lincoln Real Estate who'd bought the holding from Manly newsagent James Thomson in 1975.
Michael Callaghan was a Channel Seven executive who became a distributor for Thames Television programs for three decades from around the 1970s.
His many British guests included Benny Hill, Des O'Connor, Sid James, Ronnie Barker and more recently some cast members from The Bill.
Callaghan was also an accomplished tennis player – a teenage contemporary of John Newcombe and Rod Laver and John Newcombe.
Orcades has yet to be given a public asking price by listing agents Glenn Lee and David Eden of Raine &amp; Horne Palm Beach.
Orades, the liner,  was<a target="_blank" href="https://iancoombe.tripod.com/id31"> laid up at Southampton in 1972 </a>and broken up at Kaohsiung four months later.</body></html>

P&O heritage-status beaches oceanfront Orcades, Palm Beach, sales prospects

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Milne House, the single-colour Robin Boyd-designed Toorak house passed in at its August auction, has been sold.
Its price has not been disclosed, but it had been passed in on a $2.3 million vendor bid.
<a href="https://www.propertyobserver.com.au/victoria/robin-boyd-designed-toorak-home-milne-house-listed-with-%2425-million-plus-hopes/2012071955671" target="_blank">Bennison Mackinnon agents Hugh Hardy and Andrew Macmillan </a>had initially listed it with $2.5 million-plus hopes. 
It’s a four-bedroom courtyard home last traded unrenovated in early 2006 for $1.63 million.
Marketed as a Boyd masterpiece, Milne House comes with steep skilling roof forms in opposing combinations, bagged brick walls, separate wings, simple features and a near windowless front facade on its 640-square-metre block set on the corner of Toorak and Glenbervie roads.
The Malvern Heritage Study puts its date at 1970. It is acknowledged as one of Boyd’s last homes by heritage authorities, as he died aged 52 in 1971.
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