<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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The Queensland government appears to have followed the lead of its NSW counterpart by scrapping the existing $7,000 first-home buyer grant and replacing it with a $15,000 grant applicable (only) to new property. While it’s not clear as to whether the policy is intended to stimulate first-home buyer activity or the construction industry it won’t matter either way – the policy will fail on both fronts.
It never ceases to amaze me how governments are fixated with new builds. Liberal, Labor, state, federal – every government’s solution to the construction industry’s belly-aching appears to be to stock up on the latest flavour of government grants that are on special for new property.
Memo to policy writers: If your government wants to introduce a policy with genuine intent to support a targeted audience, pause before you reach for your pen, engage with the targeted audience first and find out what they actually want.
Only a small percentage of first-home buyers actually want to live in mass-produced, high-rise apartments with large body corporate fees. The same goes for a house-and-land package far out in the 'burbs, disconnected from employment nodes, social amenities and recreation facilities. The reality is that’s what you get when buying a new property, and with a significantly higher price tag than established properties in the immediate proximity.
Don’t expect to hear members of the construction industry complain about government grants though. Not yet, anyway. See how they go trying to sell the properties. Then they’ll lobby for the grants to be targeted at investors and / or more NRAS projects. Guess what? We investors don’t want these new properties, either – we see much better investment potential in well-chosen established properties.
According to the REIQ, the $21,000 grants for new property at the height of the GFC only attracted 24% of first-home buyers. Subsequent to that, the former Bligh government’s $17,000 Building Boost for new property also had a poor take-up rate; ditto to numerous other state government initiatives around the country targeted at new properties.
There are approximately 8.4 million residential dwellings in this country; buying one is a big decision. Recognising that buyers don’t want their choices restricted to 1.5% – the 130,000 new homes built each year – should be the starting point for designing good policy. This is not rocket science!
Governments would also do well to understand property cycles before developing policies. A buoyant first-home buyer market is a buoyant economy for everyone. Benefits from increased first-home buyer activity extend far beyond people establishing a footing in their own homes. Increased first-home buyer activity is often the first phase of price growth. Initiatives targeted at encouraging first home buyers causes competition in property markets, encourages investors to become more active, and is a proactive way of releasing this country’s heavy reliance on tax-payer funded pensions.
Increasing property transaction volumes creates jobs in real estate and other service industries, improves retail spending, creates more opportunities for blue-collar tradies in the form of renovation projects, and increases loan volumes for banks. Consumer confidence increases across the board. Governments get a clip of the ticket all the way through via stamp duty revenues, GST receipts, and payroll taxes. The cycle starts with the first-home buyer, not the investor. Policies need to be targeted to encourage first-home buyers, not restricting them!
I agree wholeheartedly that we all need a healthy construction industry, however we should not be fooled in to thinking that the solution is in the form of grants for new homes. This country does not have an over-supply of homes. If we did we would see very few properties for sale, much lower vacancy rates, and banks comfortable with approving more development projects. With a decline in the rate of population growth over recent years maybe the question should be asked “do we have more people seeking employment in the sector than current demand requires?” Or maybe governments need to relax our immigration policy. Now that’s a different debate.
Simon Pressley is a buyers' agent for Queensland-based <a href="https://www.propertyology.com.au">Propertyology</a>.
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Queensland first-home buyer grants targeted at new property miss the mark

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The pressure has eased on embattled Mirvac chairman James MacKenzie after it was announced that incoming Mirvac CEO Susan Lloyd-Hurwitz will begin her role on November 5.
The precise date was confirmed today in a one-sentence ASX release - previously Mirvac has said she would taking on the role before the end of the year and later said she would start in November.
The Australian Financial Review reported “senior sources” as saying that Lloyd-Hurwitz, currently managing director of LaSalle Investment Management Europe in London, would take on the role some six to eight weeks earlier than first anticipated.
Outgoing CEO Nick Collishaw is due to officially step down on October 31, although he has been taking direction from the Mirvac board since his departure was announced in mid-August.
MacKenzie has also been boosted by a public backing from the Mirvac board, with independent directors standing behind him and dismissing concerns expressed by a group of institutional investors headed by Maxim Asset Management.
<a href="https://www.propertyobserver.com.au/industry-news/institutional-investors-pressure-embattled-mirvac-chairman-james-mackenzie-and-board-over-decision-to-replace-ceo/2012091056495" target="_blank">Maxim Asset Management had written to the Mirvac board </a>expressing concern at MacKenzie’s handling of the surprise departure of Collishaw, who guided Mirvac through the aftermath of the GFC, and calling for a boardroom spill, including that MacKenzie step down.
The fund manager also questioned whether a leadership void had been created by announcement of Collishaw’s departure but no firm date for Lloyd-Hurwitz to take the reins.
In an email response to Maxim and seen by The Australian, Mirvac director and chairman of its human resources committee Peter Hawkins said the board was comfortable that the market had been fully informed with regard to Collishaw’s departure and replacement and that “the events of the past few weeks and the actions of the chairman were fully endorsed by the board of directors”.
Hawkins, a former senior ANZ banker, said the actions of MacKenzie should be taken to represent the actions of the entire board.
In response to investor concerns over MacKenzie’s unwillingness to discuss more fully the reasons behind the replacement of Collishaw with Lloyd-Hurwitz, Hawkins said it would have been inappropriate to discuss a change of CEO at great length at a profits results announcement.
The other members of the Mirvac board comprise Marina Darling (only appointed in January 2012), James Millar (former CEO of Ernst &amp; Young Oceania), former Suncorp CEO John Mulcahy, John Peters (formerly with Lend Lease), Nick Collishaw and Elana Rubin.
Lloyd-Hurwitz, a graduate of Sydney University, has previously held roles at Lend Lease and Macquarie Group and has been managing director of LaSalle Investment Management Europe since March 2010.
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Incoming Mirvac CEO Susan Lloyd-Hurwitz to start November 5 as board backs chairman James MacKenzie

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Laura Dundovic, ambassador for Myer and the former Miss Universe Australia, has bought her first property.
The 25-year-old paid $537,000 for a top-floor Mosman apartment. It previously sold at $455,000 in 2009.
The Dating in the Dark host inspected more than 60 properties and apparently missed out on several to her liking.
The fourth-floor views include the harbour bridge from both the lounge and her bedroom in the 1960s block. There are also water glimses.
It came with undercover carpace.
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Laura Dundovic, the former Miss Universe Australia, spends $537,000 for her first home - a top-floor Mosman apartment

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With all its media attention on the Bondi Beach unit measuring just 16 square metres, 14/68 Gould Street's auction offering ended up as a no-bid auction.
Marketed as Sydney's tiniest apartment, it had $270,000 price hopes -  about $17,000 a square metre.
It has been recently rented at $300 a week, and RP Data records show at around $190 a week five years ago.
At $270,000 it would represent a gross 5.7% yield.
The property last traded for $165,000 in 2001, and before that $100,000 in 1999 and $96,000 in 1996.
The block's most recent studio sale was January when the 16-square-metre unit 9 sold fetched $220,000, having initially sought $300,000 – and it was available for rent recently at $280 a week. It had been available for rent at $190 a week five years ago.
Before that the 18-square-metre unit 22 sold for $210,000 in August 2010; the 18-square-metre unit 8 fetched $230,000 in 2010, and the priciest of 16-square-metre units, number 15, sold for a record $240,000 in 2009.
<a href="https://www.domain.com.au/Property/For-Sale/Studio/NSW/Bondi-Beach/?adid=2009930696" target="_blank">The listing, </a> described as ''intimate'', was through Kiel Glass of Ray White Balmain, who had previously worked in the Bondi region.
"Some of the media might have scared off interest," he said yesterday, confirming just the two registered bidders attended the auction.
The kitchen space comes with a sink, a brown bar fridge, a plywood box pantry with a curtain, a couple of cupboards and an electric oven with two hotplates.
The mirror on the back of the door adds to the illusion of space. The laundry is communal, as is the rooftop terrace.
"This is an ideal chance for the first-home buyer or an astute investor seeking a beach pad and looking to enter a blue-ribbon beachside locale," Glass says.
Off-the-plan Bondi Beach prices tipped $45,000 a square metre last weekend in sale at the <a target="_blank" href="https://www.propertyobserver.com.au/developments/pacific-bondi-beach-buyers-riding-the-property-wave-through-to-the-2015-tide/2012090956465">Campbell Parade Pacific Bondi Beach </a> development.
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Old-fashioned studio fails to ride the Bondi Beach property wave

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Mirvac’s legal battle to get coal mining magnate Nathan Tinkler to meet an industrial land sales contract has been deferred to a September 18 NSW Supreme Court hearing.
Mirvac, through its Domaine Steel River entity, is suing Tinkler's private companies Ocean Street Holdings and guarantor Buildev Group after they failed to pay for the industrial land in Newcastle.
The companies agreed to buy an industrial site the Newcastle from Mirvac in July last year for $14 million but declined to settle after the NSW government rejected his plans for a fifth coal export terminal at Mayfield.
Tinkler then missed a court ordered September 1 deadline to pay Mirvac, prompting Mirvac to lodge a contempt of court order to sequester his assets.
The case went to the NSW Supreme Court yesterday but was deferred to September 18 to give Tinkler’s lawyers time to prepare their defence.
In a statement Mirvac said: “There is no change to the intentions of Mirvac's Domaine Steel River to pursue its rights against Tinkler's Buildev Group to ensure that effect is given to earlier court orders and for the contract of sale to be completed.”
A spokesperson for Tinkler declined to comment on the matter.
Tinkler was estimated to have a personal fortune of $915 million according to the BRW Rich List released in May.
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Mirvac’s legal battle with Nathan Tinkler over Newcastle industrial land sale deferred to September 18

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The Queensland government’s plans to fiddle around with property grants provide further evidence that politicians understand little about real estate. 
The plan in the first state budget under new Premier Campbell Newman is to eliminate the grant of $7,000 for first-home buyers who buy established homes and provide a $15,000 gift to first-timers who build a new home. 
This is nothing other than a sop to developers who make political donations. There’s no benefit in it for anyone else, including first-home buyers. 
The clear intention is to push novice buyers into new homes rather than secondhand ones – although buyers who think the issue through will realise they’ll be worse off if they take the bait. 
If you’re a first-time buyer with your heart set on building a new home, then you’ll be happy – you’ve just got a $15,000 handout to do what you were planning to do anyway.
But the research shows that most first-home buyers opt for established property. Why? Because it’s significantly cheaper (and often better located), and most first-time buyers have limited capacity. Their big issue is affordability and the $15,000 doesn’t improve the situation. 
On average, the difference between a new home and a second-hand one is around $70,000. In some places, like Brisbane’s near-city suburbs, the cost differential is well over $100,000. The $15,000 bribe is a pittance compared with that price disparity. 
The politicians will argue that the measure will reactivate the home building industry and create jobs. They’ll probably also peddle the myth that we have a housing shortage, which is what their mates in the development industry keep telling them. 
The reality is that many of Queensland’s major markets have had the opposite problem: over-supply. That’s certainly been true of the Gold Coast, the Sunshine Coast and the Fraser Coast, the three leading population growth areas of the state. 
Some real estate practitioners argue that while there’s an over-supply of dwellings generally, there’s a shortage of affordable dwellings. But this Queensland measure doesn’t make homes more affordable – it does the opposite by pushing buyers towards the more expensive new-home option. 
My analysis of Australian property markets over the years is that government grants have little influence on sales. Prices, interest rates, employment, economic growth and infrastructure development all impact on residential sales, but grants make little difference. 
The last time first-home buyers were out and about in serious numbers was in 2009. They were active because prices had fallen in many markets and interest rates had been slashed – and the combination of the two revolutionised affordability. 
Some commentators attributed the upturn at that time to the federal government’s first-home owners’ grant, but numerous surveys at that time found that the FHOG was a distant third behind lower prices and sharply lower interest rates in terms of what motivated people to buy. 
All types of buyers were active in 2009 – and first-home buyers were only 20-25% of the market. The other 75-80% were buyers not receiving any kind of government grant or stamp duty concession – they were busy because prices and interest rates were attractive. 
The Queensland move is another example of politicians tinkering at the edges of problems like affordability and home construction levels. 
If politicians genuinely want to make a meaningful difference, which I doubt, they can achieve it by addressing the core problem: the huge component of the cost of new dwellings attributed to government taxes, charges and red tape. 
We’re unlikely to see anything along those lines from the Queensland government – or any other government across Australia.
Terry Ryder is the founder of <a target="_blank" rel="nofollow" href="https://www.hotspotting.com.au/">hotspotting.com.au</a> and can be <a target="_blank" rel="nofollow" href="https://www.twitter.com/hotspotting">followed on Twitter</a>.
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Queensland government’s first-home buyer change nothing but a sop to developers: Terry Ryder 

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Institutional investors are pressuring Mirvac chairman James MacKenzie and the Mirvac board over their decision to part ways with chief executive and managing director Nick Collishaw and MacKenzie’s unwillingness to discuss the reasons behind this decision at the recent results briefing.
Concerns have also been expressed over the leadership of the company, with doubts aired as to who is actually running the business.
In mid-August it was announced that Collishaw would step down on October 31 <a href="https://www.propertyobserver.com.au/industry-news/mirvac-s-susan-lloyd-hurwitz-the-face-of-women-in-property/2012081656067" target="_blank">with his role taken over by Susan Lloyd-Hurwitz</a>, now the London-based managing director of LaSalle Investment Management Europe.
The surprise announcement gave no date for Lloyd-Hurwitz to officially take over the reins, only to say that she would take on the chief executive role of the business before the end of the year.
Two weeks ago – after the announcement of his departure – it was reported in the Sydney Morning Herald’s CBD gossip column that Collishaw was asked to leave the room at a Macquarie luncheon also attended by MacKenzie.
CBD speculated that Collishaw left to allow some attendees to ask some potentially sensitive questions regarding the decision to replace him.
In the wake of the decision and subsequent investor dissatisfaction, shareholder Maxim Asset Management is calling for a meeting of at least seven investors, which collectively hold about 13% of the stock, and is pressing for a partial board spill including replacing MacKenzie.
In an email obtained by The Australian, Maxim managing director Winston Sammut highlights MacKenzie’s “reluctance not only to not engage in discussion about the change of CEO and MD but also to effectively shut down discussion on any question directed at him at the results presentation".
Sammut points out in the letter that it is unusual for a chairman to be at a results presentation and even stranger, that being there, he was unwilling to answer questions put to him.
“Accordingly the event was not well received, from an investor point of view and I believe did a lot of damage to the company.”
Having spoken with his peers, Sammut concludes that the level of dissatisfaction with Mackenzie is “very high”.
The press statement accompanying the Collishaw announcement suggested a change in direction for the Mirvac brand, highlighting Collishaw's role in introducing a “renewed conservatism to Mirvac’s business model” in an “important chapter” for Mirvac in the wake of the GFC. Collishaw was appointed managing director of Mirvac in 2008 and guided the developer through the aftermath of the GFC.
But MacKenzie says Mirvac now faces a different set of challenges, including the need to “accelerate cultural change in the business” and place “greater focus on the group’s communication with stakeholders”.
Since the appointment,  the Mirvac board, while not willing to discuss the change of leadership with institutional investors, has provided some clarity around its decisions to sack Collishaw.
Since the announcement, Collishaw’s duties have been under the direction of the board, with a spokesperson telling the Australian Financial Review that Collishaw had “presided over a series of highly unsatisfactory results, specifically in relation to the performance of the chief executive”.
These comments follow a recent newspaper interview in which MacKenzie highlighted Collishaw’s inability to communicate with shareholders as key issue.
The Mirvac board comprises MacKenzie plus Marina Darling (only appointed in January 2012), Peter Hawkins (a banker with previous senior roles at ANZ), James Millar (former CEO of Ernst &amp; Young Oceania), former Suncorp CEO John Mulcahy, John Peters (formerly with Lend Lease) and Elana Rubin.
Collishaw has maintained his silence over the nature of his departure from Mirvac.
He is entitled to a $1.5 million redundancy payement in lieu of working out his notice. 
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Institutional investors pressure embattled Mirvac chairman James MacKenzie and board over decision to replace CEO

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The Retford Hall, Darling Point, penthouse of the late retailer arts philanthropist Mollie Gowing has been sold for $5.7 million.

Occupying the entire 18th level of the Thornton Street high-rise tower,<a target="_blank" href="https://www.propertyobserver.com.au/https://www.raineandhorne.com.au/doublebaybondibeach/properties/234920"> the four-bedroom penthouse </a> was on the market for the first time in 30 years.
It sold at auction last night through Cooley Auctions. There were three bidders after five contracts. Bidding opened at $4 million, with two bidders taking its passed the undisclosed reserve.
It has about 260 square metres of indoor-outdoor living space with harbour views.
It had overly ambitious $7 million expectations when listed for November auction last year.
It was listed by Tony Barron at Barron &amp; Dowling Real Estate.
"This dream blank canvas combines house sized proportions with panoramic point blank views of Sydney Harbour," according to Daphne Sauvage, the Raine &amp; Horne Double Bay conjunction selling agent.
 
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Gowing's Retford Hall, Darling Point, penthouse gone 

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Former vitamin king Vaughan Bullivant, the maverick Queensland millionaire and owner of the Daydream Island Resort &amp; Spa, has listed the Georgian-style mansion he built for his former wife in the Brisbane bayside suburb of Scarborough.
The opulent three-level, six-bedroom residence at 118 Prince Edward Parade features palm trees and a salt-water swimming pool with views over Moreton Bay from the master bedroom.
It is one of two neighbouring mansions constructed by Bullivant in 2000 following the sale of his Nature's Own vitamin business for $137 million to FH Faulding in 1999.
Bullivant started the business in an old tin shed on the Redcliffe Peninsula in 1995, transforming it into a major packager and wholesaler with a turnover of several million dollars a year.
The two properties came to be known as the "His and Hers" mansions – one occupied by Bullivant and the other by his former wife, Carmel.
The couple divorced in 2004.
The house is being offered for sale via tender by Ray White Ascot principal Dwight Ferguson, with the Australian Financial Review reporting that it has a replacement value of $10 million.
The Georgian-style property is located on more than 4,000 square metres of beachfront land with 70 metres of beach frontage enjoying panoramic views over Moreton Bay.
“I will be continuing to live in my home next door, but as most of my children have grown up and moved on I think it’s a waste for it to be largely unused,” says Bullivant.
“As I look forward to retirement I hope the next person enjoys it to the full.”
The property includes a large resort-style heated salt water lagoon pool, a full-sized tennis court with night lighting and a tennis pavilion, polished feature timber floors, a large study/library and a media room.
The master bedroom takes in the entire width of the home, including a large private balcony with unrestricted views of Moreton Bay and Moreton Island.
“There’s also a private sunken parents’ lounge, bar, large marble spa with floor to ceiling bay windows,” says Ferguson.
The tender campaign closes on October 18.
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Brisbane entrepreneur Vaughan Bullivant lists extravagant Scarborough house next door

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Logan City property agent Billie-Jean Wilson has been fined $10,000 and has had her resident letting agent licence suspended for five years after pleading guilty to making six unauthorised withdrawals from a trust account and on six occasions, failing to bank trust account money within the required timeframe, Queensland's Office of Fair Trading has reported.
Wilson's company, Symes Wilson Pty Ltd, was fined $5,000.
The fines were handed down by the Beenleigh Magistrates Court on September 7 for 24 breaches relating to a trust account.   
Wilson pleaded guilty on behalf of herself and Symes Wilson Pty Ltd after each was charged with 12 breaches of the Property Agents and Motor Dealers Act 2000 concerning the on-site management of Country Meadows estate in Loganholme.  
The court heard that between January 2010 and July 2011 Wilson made six unauthorised withdrawals from a trust account and on another six occasions failed to bank trust account money within the required timeframe.  
The court took into account that Wilson repaid the money taken and cooperated with the Office of Fair Trading’s investigation. Wilson was fined $10,000 and her resident letting agent licence was suspended for five years.  
No convictions were recorded.
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