<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 NSW government has set out the full terms of reference of its <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/unpaid-sub-contractors-trigger-nsw-government-reform-inquiry-into-construction-industry-collapses/2012080955934">NSW building industry insolvency inquiry</a>.
The inquiry was launched this week in response to the recent collapse of high-profile building firms <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/st-hilliers-construction-arm-placed-in-voluntary-administration/2012051554713" style="font-size: 14px;">St Hilliers Construction</a>, <a target="_blank" href="https://www.propertyobserver.com.au/news/kell-rigby-one-of-australia-s-oldest-most-respected-building-companies-set-for-voluntary-administration/2012020853012" style="font-size: 14px;">Kell &amp; Rigby</a> and <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/contractors-must-wait-in-line-as-reed-construction-prepares-to-sue-nsw-government-following-%2470-million-collapse/2012061855164" style="font-size: 14px;">Reed Construction</a>, as well as hundreds of other smaller building firm collapses, which have left around 24,000 unsecured creditors – mainly suppliers and sub?contractors – out?of?pocket, some owed millions of dollars.
Among the things the inquiry will examine will be payment practices affecting sub-contractors and the existing protections in place for them as well as possible changes to the legislation to reduce the incidence of building firm insolvencies as part of its independent inquiry into insolvency in the building industry.
The full terms of reference are included in a NSW government document, which reveals in stark terms the impact the failing building industry is having on the wider state economy.
It says the building industry accounts for a significant 15% of businesses in NSW, but worryingly, makes up to 30% of the companies going into administration in the state, the NSW government has confirmed.
“The government is concerned about this high rate of insolvency and the impact it is having on the community, small businesses, the NSW economy and the government’s construction program,” says the NSW government.
The independent inquiry chaired by Sydney barrister Bruce Collins, QC, and ordered by NSW Finance Minister Greg Pearce will accept submissions from the construction industry, financial professionals, relevant government regulators and the public.
Separate to the inquiry, the NSW government has established a taskforce to “review government procurement and contract administration processes”.
High-profile recent building firm collapses included St Hillers Construction and Reed Construction, which had social housing and infrastructure contracts with the state government.
“The inquiry will also consider the work of this taskforce," says the state government.
However, the inquiry will not make findings “in relation to particular incidences of company failure” – the role of ASIC – but examples of failure may inform consideration of policy and legislative options.
Submissions close on September 14 with the inquiry reporting within three months of being established.
The full terms of reference are: 
1. Assess the extent and cause of insolvency in the construction industry.
2. Consider payment practices affecting sub-contractors, existing protections for subcontractors and the impacts of insolvency on sub-contractors.
3. Consider legislative or other policy responses that can be taken to minimise the incidence and impact of insolvency in the industry, including:
a. options for improving the priority given to unsecured creditors where the debt results from a sub-contracting relationship
b. opportunities to simplify debt collection processes
c. strategies to improve financial management skills in the industry
d. a mandatory insurance scheme to secure payments to sub-contractors
e. a discretionary mutual fund to compensate contractors from losses arising from insolvency of a lead contractor or principal
f. the effectiveness of trust arrangements in protecting sub-contractor payments retained by a lead contractor or principal
g. mechanisms to ensure appropriate and effective financial disclosure between contracting parties, including disclosing payment of sub-contractors
h. other relevant issues or innovations raised by the Small Business Commissioner or stakeholders.
4. In developing recommendations the inquiry should consider the impact of Commonwealth jurisdiction over insolvency.
5. The inquiry will receive advice from an industry reference group including industry key associations and the Small Business Commissioner.
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One in three NSW company collapses are building firms: State building inquiry  

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Notorious Melbourne property spruiker Henry Kaye is facing a showdown with the corporate watchdog as he seeks to regain control of two of his companies.
Last week Kaye began proceedings in the Supreme Court to be reinstated to two of his companies, an application that will be opposed by ASIC lawyer Peter Paleologos, the Herald Sun reported.
Palegologos told the court he wanted to raise "issues of commercial morality" when Kaye's application is heard next month.
Kaye gained notoriety in the early 2000s for claims he made in investment seminars that he could turn ordinary Australians into millionaires and convincing thousands of mum and dad investors to invest in his property schemes.
Attendees at Kaye's free seminars were convinced to spend $15,000 in a property investment education course, with promises that they could get rich quickly by buying property without a deposit.
The practices of Kaye were brought to public attention by real estate consumer advocate Neil Jenman, who spoke out against Kaye.
The Age reported in December 2003 that Jenman had refined his attack on Kaye to the mantra-like “Stay away from Henry Kaye. He creates pain."
Kaye challenged Jenman to a public debate at the time, but Jenman said he would only debate him in a court – at the time Kaye was under investigation by three corporate watchdogs.
In 2003 The Age reported Kaye or someone in his company employed a private investigator to dig into Jenman's professional and personal life, including contacting estate agents and members of Jenman's family.
Jenman said this was an indication of how desperate Kaye had become as his property empire unravelled.
Kaye’s National Investment Institute collapsed in 2003 owing 3,500 investors up to $60 million.
In 2004, Richard Cauchi, the liquidator of a company associated with Kaye, described the 120-company Kaye empire as "a washing machine of money".
In 2005 Kaye dropped his appeal against a Federal Court finding that he had breached the Trade Practices Act in promoting his "millionaires" property seminars.
In 2010 Kaye was disqualified from managing corporations for five years by ASIC following his involvement in 26 failed companies that provided suspect investment and property education services to the public.
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Property spruiker Henry Kaye facing ASIC showdown as he seeks to return to business

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The NSW government has launched an inquiry into the state of the building industry following a spate of recent high-profile construction firm collapses, some of which had contracts with the state government.
The inquiry, announced by NSW Finance and Services Minister Greg Pearce and being led by Sydney barrister Bruce Collins, QC, will look at the “construction industry insolvency with aim of safeguarding the interests of sub-contractors in the sector”.
It may also shed some light on the nature of the working arrangement between construction firms and contractors, the timing, negotiations and disputes over payments to contractors as well as government arrangements with private building firms on public projects.
A spokesperson for the office of Greg Pearce told Property Observer the enquiry was “effectively underway”, with Collins already starting to write to interested parties as part of a “long list of people” he intends to write to.
Submissions will be posted on the NSW government’s online discussion portal <a href="https://www.nsw.gov.au/haveyoursay">Have Your Say</a>, with a closing date of September 14.
A technical glitch has delayed the launching of a section on the website dedicated to the building inquiry, but it is expected to go live tomorrow or next week at the latest.
The government set out the<a href="https://www.propertyobserver.com.au/industry-news/one-in-three-nsw-company-collapses-are-building-firms-state-building-inquiry/2012080955940"> terms of reference</a> for building inquiry late today.
Recent high-profile building collapses including <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/st-hilliers-construction-arm-placed-in-voluntary-administration/2012051554713">St Hilliers Construction</a>, <a target="_blank" href="https://www.propertyobserver.com.au/news/kell-rigby-one-of-australia-s-oldest-most-respected-building-companies-set-for-voluntary-administration/2012020853012">Kell &amp; Rigby</a> and <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/contractors-must-wait-in-line-as-reed-construction-prepares-to-sue-nsw-government-following-%2470-million-collapse/2012061855164">Reed Construction</a>.
The NSW government has come under fire for awarding contracts to some companies that were proven, with hindsight, to be struggling financially.
It awarded social housing contracts to St Hilliers Construction just months before the firm collapsed.
St Hilliers Construction founder Tim Casey says the firm is owed more than $6 million from the NSW government and slammed its decision to take over 13 NSW social housing projects.
Reed Group owner Geoff Reed has launched a legal claim of between $50 million and $60 million against the NSW government, alleging “premature and unreasonable action in terminating its contracts with Reed Constructions”. Announcing the inquiry, Pearce, says that between 2009 and 2011, “hundreds of companies in NSW collapsed owing billions of dollars, slamming the brakes on vital projects and investment”.
“Up to 24,000 unsecured creditors, including suppliers and sub?contractors, have been left out?of?pocket, some by millions of dollars,” he says.
Pearce says the fragility of the construction industry is taking a toll on workers and the economy.
“The Commonwealth regulates insolvency and company practices, but the NSW government won’t walk away from its responsibility to address this issue.
“Mr Collins will look at the extent and causes of insolvency in the NSW construction industry and what reforms are needed to minimise the adverse effects on subcontractors,” he says.
“The inquiry will look at how to resolve these issues in the absence of effective policy direction from the Commonwealth.
“The NSW government has outlined an infrastructure program to get the state moving again, but this relies on a strong construction industry,” Pearce says.
The terms of reference for the inquiry include how initiatives such as insurance schemes, trust arrangements or mutual funds could help secure subcontractors.
Pearce says the government will also establish a taskforce to ensure government agencies are managing construction risks.
Greg Pearce also announced today the completion of a $4.4 million social housing project in Caringbah that will house up to 25 senior residents.
The project was one of a number of housing projects that stalled when the construction company St Hilliers Constructions collapsed in May this year.
It was then announced the NSW Government would take over the unfinished projects.
Pearce said the Government faced a challenging task to get these much-needed housing projects back on track, but with the cooperation of the subcontractors involved, all work was progressing well on the remaining projects.</body></html>

Unpaid sub-contractors trigger NSW government reform inquiry into construction industry collapses

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When he flagged his retirement last month, long-serving Stockland chief executive Matthew Quinn described the housing cycle as the worst he has seen during his long career in the property sector. The presentation for today’s Stockland result provides some context for that comment. 
With an overall result that was in line with the group’s downgraded guidance, the most notable feature of the 7% fall in group earnings was a 15% decline in the contribution of its residential communities division – despite record settlements and steady prices. 
There was a tone of slight bemusement to the presentation because in Stockland’s view the fundamentals for the residential property market are strong, with the market under-supplied, it believes, by between 130,000 to 240,000 homes. 
Until the financial crisis erupted, there had been a strong correlation between population growth and dwelling starts and, while they fluctuated, demand and supply were broadly balanced. 
The crisis, however, has produced a decisive break away from the longer term trends, with dwelling starts declining slightly even as population growth spiked, leading to the claimed shortfall in supply. Consumer anxiety and the continuing issue of affordability, however, has meant the shortfall hasn’t been reflected in pricing, which in Stockland’s case is flat-lining. 
That’s despite the Reserve Bank cutting official interest rates four times in the past nine months, by a total of 125 basis points. Traditionally rate cuts have flowed almost immediately through to housing market activity levels. 
Stockland said that before the financial crisis a 2% rate cut would result in a 10% increase in housing credit growth; post-GFC it has resulted in only 3% credit growth. In past cycles dwelling approvals picked up within three months of a rate cut; today approvals have declined. 
Stockland has started this financial year with only 1,561 deposits for its houses, 700 fewer than last year. It points the finger at Victoria, where it says 2011-12 activity was boosted by government stimulus. Victoria, of course, has been most adversely affected by the pressure on manufacturing industry generated by the strong dollar and the post-GFC defensiveness and deleveraging within business and households. 
In 2011-12 the margin within the residential communities division fell from 29% to 25%. Stockland obviously doesn’t expect any immediate improvement in the environment for new housing because it expects further margin compression this financial year, although it says there are signs that the market is near the bottom. 
Given the overall state of the residential property market, where prices have been sliding over the past year, there is no particular reason for buyers to rush into the market even in the lower rate environment. The shortfall in supply, however, does provide some underlying support for prices. 
There was a somewhat happier outcome within another segment of Stockland’s businesses that has also been under pressure. It has become increasingly evident since the financial crisis that there are both cyclical and structural changes occurring in retailing that have combined to exert acute pressure on the sector. 
As a major owner of retail property centres Stockland might be expected to have shared some of that pain. Its retail division, however, produced a respectable 8% improvement in earnings, with near 100% occupancy of its centres. The centres generated average turnover of $7526 per square metre compared to the industry average of $6,571. 
Quinn recognised quite early that the post-GFC downturn wasn’t just cyclical but was, with the boost from the Australian dollar, accelerating a structural shift in retailing as online sales started to grow from a modest base. 
While the rate of growth in online sales has slowed recently, they now account for more than 5% of total retail sales. That has obvious implications for traditional retailers and their landlords. 
Stockland’s response was to accept that the online channel would continue to grow and recognise that by far the largest segment of those online sales was fashion. 
It has re-weighted the tenancies in its centres away from fashion – only 25% of the capacity of its centres is devoted to fashion against an industry average of 33% – and towards food and services, while also shifting the emphasis within its clothing tenancies towards the value end of the market. About 56% of its specialty clothing retails are in that segment, against an industry average of only 5%. 
While the flagship retail centres, like Chadstone in Victoria or Westfield’s Bondi Junction have established themselves as destinations and are therefore less vulnerable to the combined effects of a retail recession and the gathering momentum of the invasion of the online retailers, lesser centres are going to have to emulate Stockland and shift the mix of their offering away from the more vulnerable categories or face a reversal of the historical trend of ever-increasing rental income streams and centre valuations. 
Quinn may have wished for a somewhat brighter note on which to end his 11-year tenure as Stockland’s chief executive but in both the retail and residential properties divisions he has positioned the group at the value end of the market, which is enabling it to work through some very difficult conditions and which will leave it well-positioned for any improvement in the environment.
This article originally appeared on <a href="https://www.businessspectator.com.au/" target="_blank">Business Spectator.</a>
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sbartholomesusz-jWVzVSPmF8

Why Stockland's departing CEO Matthew Quinn is leaving on a win despite fall in profits

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CBD hotels enjoy the strongest price growth outlook in the commercial property sector, but an uncertain economic climate is negatively impacting the timing of recovery expectations in all commercial property markets by varying degrees.
CBD hotels enjoy the strongest forecast upturn, expected to be up 1.6% by quarter two 2013 and 3% by quarter two 2014, according to the NAB quarterly Australian commercial property survey.
Office values are predicted to rise 1.1% and 2% in next one and two years respectively.
Industrial values are expected to fall 0.9% over next year and rise 0.9% by June 2014.
Retail values are expected to fall 1.2% in the next year and 0.2% in the next two years.
For the office property market recovery expectation timeline, about 32% of respondents expect the market would begin recovering by quarter four 2012, down from 50% in the NAB last commercial office survey.
In the retail property market, only 25% of respondents to the NAB survey said the recovery would begin by late 2012, compared with 51% in the previous survey.
The biggest change in expectations was noted in the industrial property sector, where the timing of recovery was pushed back significantly.
Some 56% of respondents now see the recovery in the industrial property sector commencing between quarter two 2013 and quarter four 2013, compared with 33% in the last survey.
The bank launched the NAB Quarterly Australian Commercial Property Survey in April 2010.
Around 300 panellists participated in the June 2012 consisting of real estate agents/managers, property developers, asset/fund managers and owners/investors.
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jchancellor-FAypfDUnLy

CBD hotels best of a weak commercial property bunch, NAB survey 

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Actor Nicole Kidman has sold her redundant 12th-floor New York apartment at 176 Perry Street, the Richard Meier-designed building in the West Village.
The high-rise apartment, with a nine-metre-wide entrance gallery with sweeping views of the Hudson River, fetched $US16 million (A$15.2 million).
The deal for the property closed July 10, according to public records filed this week and reported by <a target="_blank" href="https://therealdeal.com/blog/2012/08/06/nicole-kidman-sells-w-village-spread-for-16m/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+trdnews+%28The+Real+Deal+-+New+York+Real+Estate+News%29">The Real Deal</a>.
<img src="/images/stories/2012/08/perry.jpg">
Title Tattle recently reported the Moulin Rouge star purchased the 350-square-metre apartment for about $US8 million when bought off the plan in 2003 in the name of her trustee, sister Antonia.
<img src="/images/stories/2012/nicole-kidman_420.jpg" alt="nicole-kidman_420" height="300" width="400">
Kidman was upset by construction of another tower that partially blocked her views so she and husband Keith Urban, who are based in Nashville and <a href="https://www.propertyobserver.com.au/residential/actor-nicole-kidman-secures-third-apartment-in-milsons-point-latitude-apartment-complex-title-tattle/2012080355848" target="_blank">Milsons Point, Sydney</a>, bought another New York apartment (above right) in early 2011, paying $10 million.
Kidman placed the Perry Street apartment on the rental market in 2010, <a href="https://streeteasy.com/nyc/rental/711731-condo-176-perry-street-west-village-new-york">asking $45,000 a month</a>.
The Herald Sun speculates the recent property shuffle could signal the couple was planning a move back to Australia on a more permanent basis, although it notes Kidman and Urban spend most of the year in Nashville.
 
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Nicole Kidman offloads her redundant New York condominium

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The Queensland location Gladstone, 100 kilometres south of Rockhampton, is a much-touted mining boom hotspot.
But how much do interstate investors really know about the area?
Gladstone is a mining boom town with a vast number of liquefied natural gas (LNG) and coal projects in development.
Santos and Petronas are developing the multi-billion dollar Gladstone Liquefied Natural Gas project, which will process coal seam gas into liquefied natural gas. The project is anticipated to provide 6,000 jobs during construction.
Australia Pacific LNG is a joint venture between Origin and ConocoPhillips to build an LNG plant at Laird Point on Curtis Island. The project will create an average of 10,300 jobs for each year over the 10-year construction period, reaching a peak of 18,600 direct and indirect jobs.
There’s Gladstone LNG, a plant at Fisherman’s Landing in the Port of Gladstone, capable of producing 3 million tonnes of gas per year. It will hire 150 people during construction and have 36 permanent employees.
Queensland Curtis LNG is developing a liquefaction plant on Curtis Island, just off Gladstone, with an capacity of 7.4 million tonnes per year. Construction of the project will provide 3,00 to -4,000 jobs and 800 permanent positions.
And there are plenty of other project mooted and in the works. Property investment experts are spruiking the area as a property hotspot due to the volume of mining activity. 
The Real Estate Institute of Queensland predicts the population of Gladstone will double by 2031.
ANZ’s Australian Housing Chartbook found property prices in Gladstone increased nearly 16% for the year ending March 2012, outperforming all other areas in the state. In April, Queensland Valuer-General Neil Bray found land values in the area had increased 19% over the year.
In Property Observer’s recent analysis of hotspots touted in 2011, <a href="https://www.propertyobserver.com.au/hotspots/the-21-hotspots-that-weren-t/2012072955568" target="_blank">we found Gladstone was one of the only celebrated areas to have lived up to expectations. </a>
However, <a href="https://www.propertyobserver.com.au/queensland/gladstone-property-hotspot-facing-headwinds-with-investor-demand-grossly-outstripping-owner-occupier-demand-prdnationwide/2012080655882" target="_blank">the most report on Gladstone from PRDnationwide</a> notes there are a number of headwinds facing investors in the area.
PRDnationwide predicts property and land prices will begin to ease egin to ease once new and more affordable housing projects are completed, such as Devine's $1.4 billion Riverstone Rise community, which is being completed in stages over the next 15 to 20 years.
The project is in Benaraby, approximately 20 kilometres south of Gladstone City, and is being built with the aim of providing an affordable and diverse alternative to the offerings within Gladstone City.
The PRDnationwide report says that high rental yields can still be achieved in the current market, but warns investors to be diligent to not only buy at the right price, but to buy something that has competitive tenant appeal.
“Vacancy rates have been quiet turbulent during the first half of 2012, as investor demand grossly outstrips owner occupier demand,” says the report.
“Uncertainty surrounding rental vacancy is exacerbated by an ever expanding fly-in, fly-out workforce, with many workers vacating to mining/construction campsites.
“As a result, many investors are forced to make sizeable revisions to their rental price expectations in order to secure a tenant on a reasonable lease. Given the current median prices recorded across all markets, there is no doubt that some investors, particularly those who entered the market in 2012, paid a premium on their investment with a heightened expectation of strong cashflow.”
In Gladstone, the residential area is made up of nine suburbs: Clinton, Glen Eden, Kin Kora, New Auckland, South Gladstone, Sun Valley, Telina, Toolooa and West Gladstone.
<table border="1" cellspacing="0" cellpadding="0" width="417"><tbody>
<tr>
<td width="106" valign="top">
Suburb
</td>
<td width="91" valign="top">
Population 2006
</td>
<td width="94" valign="top">
Popualtion 2011
</td>
<td width="63" valign="top">
% price change  over last  year units
</td>
<td width="63" valign="top">
% price change over last year houses
</td>
</tr>
<tr>
<td valign="top">
Clinton
</td>
<td valign="top">
5734
</td>
<td valign="top">
5917
</td>
<td width="63" valign="top">
-2.8
</td>
<td width="63" valign="top">
20.5
</td>
</tr>
<tr>
<td valign="top">
Glen Eden
</td>
<td valign="top">
965
</td>
<td valign="top">
1969
</td>
<td width="63" valign="top">
NA
</td>
<td width="63" valign="top">
5.9
</td>
</tr>
<tr>
<td valign="top">
Kin Kora
</td>
<td valign="top">
2606
</td>
<td valign="top">
2686
</td>
<td width="63" valign="top">
NA
</td>
<td width="63" valign="top">
16.9
</td>
</tr>
<tr>
<td valign="top">
New Auckland
</td>
<td valign="top">
4027
</td>
<td valign="top">
4711
</td>
<td width="63" valign="top">
-55.1
</td>
<td width="63" valign="top">
19.5
</td>
</tr>
<tr>
<td valign="top">
South Gladstone
</td>
<td valign="top">
3120
</td>
<td valign="top">
3626
</td>
<td width="63" valign="top">
19.2
</td>
<td width="63" valign="top">
23.9
</td>
</tr>
<tr>
<td valign="top">
Sun Valley
</td>
<td valign="top">
1231
</td>
<td valign="top">
1469
</td>
<td width="63" valign="top">
NA
</td>
<td width="63" valign="top">
NA
</td>
</tr>
<tr>
<td valign="top">
Telina
</td>
<td valign="top">
2087
</td>
<td valign="top">
2179
</td>
<td width="63" valign="top">
NA
</td>
<td width="63" valign="top">
8.3
</td>
</tr>
<tr>
<td valign="top">
Toolooa
</td>
<td valign="top">
1148
</td>
<td valign="top">
1164
</td>
<td width="63" valign="top">
NA
</td>
<td width="63" valign="top">
16.1
</td>
</tr>
<tr>
<td valign="top">
West Gladstone
</td>
<td valign="top">
5302
</td>
<td valign="top">
5201
</td>
<td width="63" valign="top">
-1.1
</td>
<td width="63" valign="top">
14.1
</td>
</tr>
<tr>
<td valign="top">
Median
</td>
<td valign="top"></td>
<td valign="top"></td>
<td width="63" valign="top">
-1.95
</td>
<td width="63" valign="top">
16.5
</td>
</tr>
</tbody></table>
 Source: ABS, RP Data
RP Data has no information on the whole area, but an analysis by Property Observer of all its suburbs indicated median house prices increased 16.5% while units dropped 1.95% over the year.
According to RP Data figures, South Gladstone was the strongest-performing suburb in the city. The unit median price went up 19.2% over the last year while the house median went up 23.9%.
For more, download our free eBook <a href="http://propertyobserver.com.au/ebooks/free-ebook-property-investing-in-queenslands-resources-boom" target="_blank">Residential Property Investment Amid Queensland's Resources Boom.</a>
<hr class="system-pagebreak">
The boom growth started in 1996 with the establishment of the Queensland alumina plant in the area, the impact of which is still seen in South Gladstone. LJ Hooker agent Mark Spearing told Property Observer the suburb contains a lot of older Gladstone properties.
“There’s a big difference between a new unit close to the CBD and a 20-year-old unit on the outskirts of Gladstone,” he told Property Observer.
“New units are getting exceptional rents of $650 to 850 a week, while some of the older ones are getting just $350 to $450 a week, especially where there’s been no reinvestment into the properties.”
Spearing says there are also significant townhouse developments in areas 10 minutes from town.
“In Glen Eden, there are two upmarket townhouse developments being built. One of them will be 38 townhouses, and there’s another doing 45.
“Those are very sought after, underpinned by the investment market. They’ll earn about 800 a week.”
He says families also tend to buy in in newer suburbs like Emmerdale Gardens.
“It’s a good development, there’s good parklands, with good properties that have been well managed over a period of time. There’s new shopping centres opening, with new access roads, in a great spot,” he says.
Alicia Williams from RE/MAX Gold says Telina is another popular option for families. It’s a well-established leafy suburb that has been attracting families. Telina is wedged between the two shopping precincts of Kirkwood and Kin Kora.
However she believes the market have topped out.
“Pricing peaked around November last year and since then the market has topped out, experienced a slight pull back and is now steady,” she says.
“However, I still have a positive long-term view for Gladstone and believe we will see our next growth stage pending commencement of construction on each of the LNG plants at Curtis Island as well as other projects like Wiggins Island. 
“It is not only big industry which is a draw card for Gladstone but also the ancillary businesses and service which will come to our region in order to service our growing population.”
Spearing says the market can stop and start as one projects ends and another starts.
“Certainly prices are in a holding pattern as we speak, there’s no question over that. Because of the relatively small size of the market and the relatively extremely large workforce movement, when different stages of major development are completed waves of workers depart then a new wave arrives,” he says.
“There’s a ripple effect as that movement occurs. The rental market changes on an almost month to month basis.
“Each phase has a different requirement but we’re definitely early in the cycle”.
He says about 60% of sales in the last year have been by investors hoping to cash in on the boom.
Gladstone locals are missing out on a lot of business as workers fly-in fly-out but workers are starting to take occupancy.
“One thing I know is, where’s there’s jobs there’s usually a strong property market. And there’s a lot of jobs in Gladstone.”
But while the mining has bought strong property price growth and city development, the developments have raised the ire of environmental groups.
One of the major concerns comes with the pollution of water supplies. The development of the Gladstone harbour included a massive dredging program to make way for large LNG vessels. The area falls within the Great Barrier Reef World Heritage Area and is just one kilometre away from Great Barrier Reef Marine Park boundary.
The dispersal of spoil from the dredging dumping ground into the park is a major concern.
The dredging also stirs up silt which affects the ability of fish to extract oxygen from the water, and then settles n sea grasses and wetlands. This reduces fish stock and is a major concern for local fishermen.
Reports suggest that the five major Gladstone projects will emit 39 million tonnes of carbon dioxide equivalent per year, starting 2014. This is more than 10% of Australia’s 2020 emission targets and 19% of the 2050 target.
There are also major concerns with the effects of coal seam gas extraction, a problem widely in NSW farmlands. Some concerns include the effect of drawing excessive water from the artesian basin; the chance of polluting groundwater; and the risks of watershed damage associated with disposal of highly saline groundwater.
UNESCO is currently deciding whether to deem the area a heritage site in danger.
The team met with representatives from the seafood industry, who spoke of a sickness afflicting local fish, turtles and sea mammals involving skin lesions and cloudy eyes.
For more, download our free eBook <a href="http://propertyobserver.com.au/ebooks/free-ebook-property-investing-in-queenslands-resources-boom" target="_blank">Residential Property Investment Amid Queensland's Resources Boom.</a>
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Gladstone's mining is booming, but property market far from unified in Queensland hotspot

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House and land prices in the Queensland mining town of Gladstone have risen steadily in the past decade, according to a report by PRDnationwide.
However, the volume of sales in the oft-touted investment hotspot fell significantly between March 2007 and March 2008 and have yet to return to their pre-GFC peak. These trends were apparent in both the region and city of Gladstone. 
“The lack of affordable house and land is driving sales volumes back down, exacerbated by unprecedented rental growth which continues to inflate values accordingly,” says PRDnationwide Queensland analyst Robert Matta.
Click to enlarge
<a href="/images/stories/2012/08/prdaug72.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/08/prdaug72thumb.gif"></a>
The previous chart refers to the entire Gladstone area, whereas the following chart relates Gladstone City specifically.
<a href="/images/stories/2012/08/prdaug73.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2012/08/prdaug73thumb.gif"></a>
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Gladstone house and land prices rising, but sales volumes below pre-GFC peak: PRDnationwide

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Kenwood, John Lennon's former home in the United Kingdom, where his first marriage ended, has been listed for sale through Knight Frank for £15 million.
The six-bedroom 1920s stockbroker Tudor-style house outside Weybridge, Surrey, is 24 miles (39 kilometres) south-west of London.
Lennon bought the property in 1964 and lived there with his first wife,  Cynthia, and son Julian until 1968, when the two split and John linked up with Japanese artist Yoko Ono.
Cynthia Lennon wrote in her 2005 book John' that she returned early from her vacation to find Ono wearing her bathrobe at the property, which was sold in the divorce settlement. Lennon married Ono in March 1969, and moved to Tittenhurst Park in Ascot in south-east England. Two years later he moved to New York, where he lived until the fatal shooting in December 1980.
The <a target="_blank" href="https://search.knightfrank.com/cho110077">house</a> occupies a plateau position set around St George’s Hill’s renowned golf course, tennis club and leisure amenities.
Kenwood enjoys uninterrupted views of the Surrey Hills.
The 6,000-square-metre garden, with a new indoor swimming pool complex, features York stone, split level entertaining terraces, low box hedging, specimen plants and herbaceous borders.
It was listed for sale in 2006 at £6 million.
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John Lennon's former stockbroker Tudor-style Surrey house listed for sale

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A Western Australian buyer has paid $10.1 million for a Mosman waterfront home with views up Middle Harbour towards Bantry Bay.
The Shellbank Avenue property was sold by Richard Simeon of Richardson &amp; Wrench Mosman.
The deep waterfront home has four bedrooms with ensuites, three of them opening to terraces with views.
It's a three-level Gelder Architects-designed home connected by lift.
The 740-square-metre property comes with jetty and pontoon.
The property last traded for $7.3 million in 2005 when it was a 1940s house renovated in 2000 with then Peter Fudge gardens. It traded for $1.5 million in 1992.
The north-facing location, which protects it from the searing east-west heat and shelter from winter's southerlies, now comes with Conzept Landscaped-designed grounds.
<a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/bankers-are-supposedly-bailing-but-mosmans-mandolong-house-reputedly-sells-for-bullish-%2418-million/2012031853893">Mosman's highest sale this year was Mandolong House</a>, one of Mosman's most coveted non-waterfront estates, which sold for a bullish $18 million to Markus and Sally Kahlbetzer from the polo playing pastoralist family headed by John Dieter Kahlbetzer.
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