<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 redundant Dover Heights home of Channel Seven Price Is Right presenter Larry Emdur – passed in on a $3.8 million vendor bid at its May auction attempt – has been sold.
No sale price has been revealed by the gameshow host.
It's taken nine months – with the ocean clifftop property initially listed for sale late last year after Emdur and his wife, Sylvie, upgraded to a $6.8 million Dover Heights clifftop residence.
<a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/auctions/larry-emdur-withdraws-redundant-dover-heights-holding-from-weekend-auction/2011102852109" target="_blank">Last October when Emdur pulled the house from auction</a> its price hopes were around $5 million.
The extensively renovated P &amp; O-style house was relisted recently with Daniel Baran and Reece Coleman of BHR Estate Agents, who had $4.2 million hopes.
It is set on 417 square metres, whereas the <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/larry-edmur-says-good-morning-to-breathtaking-cliff-top-property/2011090251402" target="_blank">Emdurs’ new home is on 1,062 square metres of clifftop land.</a>
The Emdurs have owned at Dover Heights since 1994 when they spent $770,000 on another clifftop property.
Baran's last landmark sale in Dover Heights was in late 2010 when $5.05 million was secured for the iconic Butterfly House on Military Road designed by Ed Lippman.
It had views over Sydney Harbour to the Bridge and Opera House. 
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After nine months, gameshow host Larry Emdur finally secures his desired Dover Heights price, but keeps it secret 

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Fund manager and non-bank lender Provident Capital Limited has been placed in the hands of receivers PBB on the orders of the Federal Court.
 The court order follows Provident’s $120 million fixed interest debenture fund being temporarily frozen last month with 3,500 small-time investors having an average of $30,000 invested in the fund.
 A report last month by PPB found a $28 million gap between Provident’s property valuations and PPB’s assessments.
 The court appointed Phil Carter, Tony Sims and Marcus Ayres of PPB Advisory as receivers following an application by Australian Executor Trustees Limited (AET), a trustee for Provident Capital debenture holders.
AET expressed concerns in court, supported by ASIC, that there a “deficiency in [Provident’s] net tangible assets available to meet the claims of debenture holders”.
 Property Observer understands the receivers will be seeking to ensure an equitable return for all investors which have investments that mature at different points in time.
 A meeting of debenture holders is scheduled to take place in a month’s time.
 The appointment of receivers was contested by Provident Capital.
 AET began its court proceedings two weeks ago.
Provident operated as a registered managed investment scheme raising money from investors through fixed-term investments, a high-yield mortgage fund a monthly income mortgage fund.
The money raised was then on-lent to property developers – mainly in NSW and Queensland, with News Limited reporting that these including Warren Anderson, Donna Batiste, and Paul Hanna.
 Many of these mortgages have not performed while the assets secured against them have also devalued in some cases.
Provident provided a range of mortgage products and positioned itself as specialist lender in the low-doc space.
According to receivers PBB, there are 3,500 debenture holders who have invested in Provident Capital’s debenture product. 
Half-year results to December 31, 2011 show that Provident Capital made a $9 million loss with its equity capital ratio 10 times lower than the benchmark set by the corporate regulator.
Have you invested in Provident Capital debentures or do you have a Provident Capital mortgage? Send an email to Property Observer with any news or thoughts:<a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Fund manager and mortgage lender Provident Capital placed in receivership following court order to protect small-time investors

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The Carss Park mansion of the champion boxer Kostya Tszyu and his wife, Natasha, is under offer after its weekend auction following post-auction negotiations.
It had been listed with $3 million-plus auction hopes and passed in at $3.25 million through Mark Kourouche of First National Real Estate Greenacre.
There were six registered birders, with four bidders involved.
The highest price paid in Carss Park was $2.45 million in late 2008 for a five-bedroom, seven-bathroom house on a 1,865-square-metre Gnarbo Avenue block.
The Russian-born Tsyzu has never officially retired, although he hasn't fought since 2005.
<a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/boxer-kostya-tszyu-seeks-to-knock-out-carrs-park-record/2012062655273">His six-bedroom, eight-bathroom residence </a>has been renovated and extended since the couple bought it for $785,000 in 2000. He had previously lived at Sans Souci.
The 2,400-square-metre Benwerrin Avenue property has resort-style facilities including a tennis court and heated saltwater pool.
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Boxer Kostya Tszyu’s Carss Park mansion under offer as former champ aims to knock out suburb record

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The iconic imitation European Gothic-inspired castle on Sovereign Islands lost its crown at its auction last night, with its new owners immediately signalling plans to renovate one the most distinctive homes on the Gold Coast island estate.
The not quite majestic Knightsbridge Parade West mega-mansion fetched $5,325,000 at its Ray White Runaway Bay auction through Ali Mian.
With seven bedrooms and nine bathrooms, the Paradise Point property had a $20 million tag when it first listed in 2010.
<a href="https://www.propertyobserver.com.au/queensland/paradise-point-castle-trophy-home-of-the-week/2012012753154" target="_blank">It most recent asking price was $7.5 million.</a>
It’s been marketed with an estimated replacement cost of the house and land at $12 million.
It was built by the founder of internet travel website Club Freedom, Ron Litherland, and finished in late 2009, when the Gold Coast Bulletin identified it as one of 12 super mega-mansions under construction in the precinct.
It’s set on a 1,458-square-metre block bought for $3.75 million in 2007 by the Phuket-based former truckie from Brisbane.
The four-level castle, complete with balustrades and turrets, has two studies and comes with heavy mahogany doors and copper window frames. There’s a home theatre, a library, billiard room and an entertainment area on the roof. In the basement there is a garage for up to 20 vehicles.
The house has floors of polished travertine marble, fireplaces in Sahara Gold granite and hand-crafted, mahogany-mullioned windows.
"The buyer has got plans to renovate the entire home," Mian told the Gold Coast Bulletin.
“They like the area and position but wanted to do it to their taste. The taste of the house is different."
On its completion the builder, Rob Smith, told the Bulletin that “people are realising the natural beauty of the area and want to enjoy every inch of it.”
Smith said it had been the long-held dream of Ron Litherland to live in a castle.
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Imitation Gothic castle on Sovereign Islands loses its crown at auction as buyers have less kingly inclinations

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Property investors are being duped into buying overpriced apartments off the plan by “advisers” who earn kickbacks – as much as $35,000 per sale – from developers.
Accountants, financial planners, real estate agents, marketers masquerading as buyers’ agents and other so-called advisers are all in on the scam.
When a response to this widespread problem was sought from the Queensland Fair Trading Minister Jarrod Bleijie, his reply was: “This is not an issue that has been raised with us by the real estate industry.”
His response was, frankly, pathetic. And so typical of the failure of politicians to understand what’s wrong with the real estate industry. The industry has not raised this issue with the minister because the industry is the problem.
Key elements of the industry – developers, real estate agents and marketing companies – are all benefiting from the rip-off of property consumers.
It’s like a government saying it won’t take action on the illegal drug trade because the Mafia hasn’t raised it as an issue.
This, sadly, is a standard response from state politicians when they're asked to address issues in the real estate industry.
Each time a state government has legislated to supposedly protect real estate consumers from shonky practices, they have primarily consulted the people causing the problems: the agents and the developers – who are, not coincidentally, a major source of donations to political parties.
The resulting laws seldom address the core issues or properly protect the consumer. Nor are the laws enforced in any meaningful way.
These issues have been around for decades, but these most recent concerns about kickbacks to advisers were prompted by Brisbane-based property analyst Simon Pressley, recently named Australian Buyer’s Agent of 2012.
When I spread his and my concerns via social media, it provoked strong and immediate reactions from many others around Australia with similar concerns. There’s no doubt this is a national problem, with ramifications for federal and state governments.
In New South Wales, mortgage adviser Kim Wight says she has been warning investors for years and has no doubt people are getting ripped off.
“Often advisers will justify in their own mind that they are acting in the best interest of their clients, but how can that be when thousands of dollars are changing hands, and in most cases not disclosed to the clients?” she says.
“If advisers were acting in the best interests of the investor, they would either ask that the kickback or commission be given to the client or deducted from the property price.”
The ASIC was asked to comment but ducked the issue, citing the legislative hole Pressley and others are campaigning against. We received a general statement from ASIC, including: “ASIC does not have responsibility for direct property investment… Any changes to the current laws around property regulation are a matter for government.”
In Queensland, Bleijie simply confirmed that everything is under review: “The Newman government is reviewing the Property and Motor Dealers Act with a view to splitting the legislation along industry-specific lines.”
A second request to Bleijie was for a more specific response to concerns that advisers are being paid to sell properties to clients without holding a real estate licence: “This is not an issue that has been raised with us by the real estate industry,” he said.
Predictably, other industry bodies are also very tight-lipped. Accountancy firms are participating in these kickback schemes, but the Institute of Chartered Accountants sent a short email stating: ”Unfortunately we’ll have to give this one a miss… Appropriate spokespeople are on interstate travel.”
Apparently the bean counters haven’t caught up with modern gadgets like mobile phones and laptop computers.
Given that our institutions are unable or unwilling to protect consumers, buyers need to protect themselves by asking searching questions of anyone who advises them to buy a particular property.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" target="_blank">followed on Twitter</a>.
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Property investors being duped into buying overpriced off-the-plan apartments by scam artists: Terry Ryder

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Kudos to the team at Channel 9’s The Block, with series 2012 resurrecting renovation reality television from that great big tip of consumer ratings demolition. It was indeed a brave and costly decision for the 9 network to raise the tools again following last year’s dismal failure (season four). The huge mistakes made in season four (primarily wrong location) were reflected in lacklustre auction results resulting in the show’s foundations collapsing before the viewers’ very eyes.
Following the trainwreck finish to season four I wrote <a target="_blank" href="https://www.propertyobserver.com.au/renovating/lack-of-experience-research-and-planning-a-problem-with-reno-tv/2011101351924">Lack of experience, research and planning a problem with reno TV</a>:  “Whenever I have watched reality shows what resonates most with me is an obvious lack of due diligence. How can you have an advertising campaign that any other vendor in Australia would dream of only to see failure and disappointment on auction day?”
Season five went for the golden rule of real estate – position, position, position, resulting in a trendier South Melbourne with no better formula than four double-storey terrace homes. A ratings bonanza, given The Block filled the top three Sunday night rating spots:
Winner announcement 2,715,000
Auction 2,459,000
Grand finale 2,145,000
Season four was a classic example of get the location wrong and disaster will quickly follow, as was evidenced in the contestant’s financial rewards:
Josh and Jenna: $50,000
Polly and Waz: $15,000 + $100,000 winner’s prize money
Amie and Katrina: $0
Rod and Tania: $72,000
Season five was laid on much stronger foundations with an eclectic mix of would-be home renovators (some paint brush virgins), which added to the show’s intrigue. Nonetheless it made for great viewing, and that is what the ethos of the show is all about – viewer bums on couches.
In all fairness the Melbourne property market is in all probability weaker in season five than in season four, yet the end results were vastly different.
Lara and Brad: $506,000 + $100,000 winner’s prize money
Dani and Dan: $448,000
Sophie and Dale: $355,000
Mike and Andrew: $434,001.01
This was not a case of timing, rather identifying a location that attracts mass consumer appeal – we also observed for the first time prospective under-bidders moving from one property (when sold) to the next property, which is almost unheard of.
The moral of the story is you get what you pay for, and season four contestants would be feeling somewhat annoyed that buyers won’t pay premium prices for real estate that is not in the right location – no matter how great the final product.
Having said that, for all those wannabe pseudo up-and-coming property developers all the properties in seasons four and five were sold for well below replacement values, which is sometimes construed as market value. Replacement and market values are two vastly different commodities that bear no resemblance – more particularly if you are funding both (which is not the case with The Block.)
The Block represents excellent market value for Channel 9 however, for those planning their very own renovation extravaganzas there are no silver linings. Real estate is long term, not short term, that’s the long and the short of it.
There will be two series of The Block in 2013 – and the 9 network has well and truly strengthened the show’s foundations. Let’s hope that when the producers learnt to position the show as a ratings winner, this very same formula also applies to the properties’ addresses.
Otherwise it will be season four all over again.
Robert Simeon is a director of <a title="RWM" target="_blank" href="https://www.rwm.com.au/">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing real estate blog <a title="Virtual Realty News" target="_blank" href="https://www.rwm.com.au/news/">Virtual Realty News</a> since 2000. The RWM real estate model has sold in excess of $1 billion in database sales globally.
Property Observer readers can download<a href="http://propertyobserver.com.au/ebooks/free-ebook-lessons-from-the-block-and-other-property-reality-television-shows." target="_blank" style="font-size: 14px; text-align: left;"> a free ebook on renovation and reality television</a>.
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The Block 2012 followed the golden rule of real estate, although the Melbourne market was weaker

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ING Direct is offering a rate cut to new borrowers who can provide a hefty 20% deposit with their mortgage applications.

The country’s fifth biggest mortgage lender will offer reduced variable mortgage rates on its Orange Advantage and Smartpack Mortgage Simplifier products from July 9.

The biggest rate cut will be on offer for borrowers who borrow more than $500,000 on a loan-to-value ratio (LVR) of less than 80%, with ING Direct reducing interest rates by 28 basis points from 6.16% to 5.88%.

ING Direct will reduce interest rates by 18 basis points on loans between $250,000 and $500,000 provided the LVR is above 80%.

<img src="/images/stories/2012/07/ingjuly3.gif">
To get the maximum reduced rate of 5.88% borrowers would need to have a deposit in excess of $125,000 to get a $500,000 loan on a property valued at $625,000 – a loan to value ratio of 80%.

“We’re looking to attract additional sub 80% LVR business and this pricing structure will make us more attractive to upgraders and investors, says Mark Woolnough, head of broker distribution at ING Direct.

Woolnough says the bank has also reduced the minimum lending threshold under Orange Advantage and SmartPack from $300,000 down to $250,000, which he says will appeal to a wider market.

“Whilst we’ve made various improvements to our service proposition this year, we certainly haven’t overlooked the importance of sharply priced, competitive products, and these changes highlight this,” he adds.

Woolnough says the changes have been made following consultation with its mortgage broker partners.

ING Direct uses brokers and the internet to distribute its mortgages.

In June, Lisa Claes, executive director of direct business at ING Direct, told Property Observer the bank was not driven by market share targets, “but by a sustainable growth proposition”.

“We want to grow our mortgage book responsibly – we are happy with where we are, but we are not complacent,” she said.
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ING Direct to offer cheaper rates to new borrowers who can provide 20% deposit

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Aussie Home Loans founder John Symond has taken a circumspect view <a target="_blank" href="https://www.propertyobserver.com.au/residential/rate-cuts-help-housing-market-recover-in-june-with-1-rise-in-capital-city-dwelling-prices-rp-data%E2%80%90rismark/2012070255375">on the 1% rise in dwelling prices recorded by RP Data-Rismark over the month of June</a>.
“It’s a bit early to be cracking open the bubbly,” Symond says.
“You have double the number of homes on the market and double and treble the length of time for them to sell – that creates a lag.”
Symond says what may have helped the RP Data numbers were state governments bringing forward incentives for first-home buyers.
“There’s a whole lot of reasons.”
“It’s just too early… It’s still all negative news,” Symond said on Channel 7’s Sunrise program today.
He says normally a 1% to 1.25% drop in interest rates (the cumulative size of RBA rate cuts since November is 125 basis points) would result in a surge in home-buyers, but consumers remain cautious and are not diving into the market.
Symond says the RBA may cut rates again in the next few months but this will depend on what happens in Europe and if local data continues to be soft.
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Don’t crack open the bubbly yet on housing market recovery: John Symond

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The construction sector has received a boost with the number of dwellings approved for construction rising 27.3% in May on a seasonally adjusted basis, according to ABS estimates.
 The May rise follows a 7.6% fall in April.
 The value of total building approved rose 43.4% in May after falling for 3 months with the value of residential building rising 26.8% while non-residential building rose 71%.
 The rise in dwelling approvals was driven by a number of large private sector projects in New South Wales, Victoria, and the Australian Capital Territory, says the ABS.
The strongest gains were recorded in Victoria where building approvals rose 31.8% in May followed by New South Wales (25.1%), Western Australia (24.8%), South Australia (16.2%) and Queensland (10.3%).
Building approvals fell by 12.1% in Tasmania.
Approvals for private sector houses rose 8.7% in May led by South Australia (16.5%), Western Australia (13.2%), Queensland (12.3%), Victoria (6.5%) and New South Wales (3%).
Commenting on the May figures, Julene Lee  from Westpac economics says that while overall, "the spectacular headline rise in dwelling approvals may exaggerate the situation...there is enough strength left over to indicate a material improvement in conditions".
"Dwelling construction activity will still fall in a 'hole' through the middle of this year, particularly in Victoria, but the May approvals data suggests there is likely to be a recovery on the other side," Lee adds.
Peter Jones, chief economist for Master Builders Australia says the figures are welcome relief for industry "but it is too early to confirm the results as the beginning of a sustained recovery".
“The figures are certainly good news for an industry in survival mode. They suggest the recent Reserve Bank interest rate cuts and various state government housing incentives may be starting to take hold.
“Despite the positive signs, it is too early to declare the industry on the recovery path from what has been a prolonged period of downturn. Key forward indicators remain down and the multi-unit sector is notoriously volatile," he says.
Jones says "more easing of monetary policy is required to further boost confidence and encourage a return of new home buyers into the market".
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Victoria leads 27.3% resurgence in building approvals in May: ABS

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Seven Gables, a 1902 English Revival-style Chatswood house, has been listed for sale with $2.4 million-plus hopes.
Set on 1,391 square metres, it last sold in 2005 at $1,800,120. And before that at a record $1.7million when bought by the Cambridge family in 2002, some 22 years after it set an earlier suburb record of $200,000.
<img src="/images/stories/2012/07/sevengable.jpg">
The Mowbray Road house was originally built on 2,500 square metres for the German accountant Albert Borchard and his wife, Phoebe, who sold after building another new house in Wollstonecraft  in 1910 to flour miller Daniel Cadwallader for £2,000.
Borchard had migrated to Australia in 1884 and travelled across NSW to do the books for a number of country stores, and was regarded as the king accountant of Sydney when he died in 1926.
He’d nostalgically named his new house Heidelberg, after the town where he grew up.
During World War I, Cadwallader changed the house's name from Heidelberg to Werribeen.
The name changed later to Seven Gables arising from its distinctive hipped roof.
The lot dates back to the initial 65-hectare 1940 Crown grant made to James Blackett and Richard Read and then its 4.8-hectare sale to a local farmer, Frederick Holland, in April 1902.
It was named Oakfield Estate with its smaller building parcels hived off at a time that the road was a dirt thoroughfare.
A fire gutted the roof of the property three years ago which triggered its lengthy restoration.
Seven Gables was approved for classification by the National Trust in 1983, as it was considered "an important and extremely interesting house for its period, being of a more modern architectural style than the Federation-style houses of the same period which surround it".
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