<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 Australian housing market is not in danger of collapsing, RBA assistant governor Guy Debelle has told delegates at an Adelaide mortgage conference today.
Debelle says there is no oversupply of housing in the country with households well able to manage their debt levels while mortgage arrears remain very low.
He played down concerns of US or Europe-style house price falls
"[Housing risk] is not something that keeps me awake at night," Debelle said while taking part in a panel discussion at the Mortgage &amp; Finance Association of Australia (MFAA) industry Leaders Panel Forum in Adelaide.
However, he did not express the same confidence in Europe saying a “day of reckoning” was coming for the eurozone, Reuters reported.
Debelle’s comments follow an<a href="https://www.propertyobserver.com.au/economy/current-rate-cut-cycle-not-aimed-at-creating-risky-new-housing-boom-glenn-stevens/2012060855045" target="_blank"> earlier June speech by RBA governor Glenn Stevens </a>in which he said the current interest rate cutting cycle was not aimed at boosting house prices or “re-igniting a boom in borrowing”
In a speech titled “The Glass half full” Stevens said one thing Australia should not do is “try to engineer a return to the boom” or create the wrong kind of confidence in the economy.
“The kind of confidence based on nothing more than expectations of ever-increasing housing prices, with the associated willingness to continue increasing leverage, on the assumption that this is a sure way to wealth, would not be the right kind,” he said.
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Housing market worries not keeping me up at night: RBA assistant governor Guy Debelle

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The Carss Park mansion of the champion boxer Kostya Tszyu and his wife, Natasha, has been listed with just over $3 million hopes.
It is set for auction next weekend through Mark Kourouche of First National Real Estate Greenacre. Tszyu, who won his first world title in 1995, was inducted into the International Boxing Hall of Fame alongside fellow greats Mike Tyson and Julio Cesar Chavez last year.
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.
His six-bedroom, eight-bathroom residence 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 seeks to knock out Carss Park record

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The Tomic tennis family have listed their Southport, Gold Coast abodes.
<img src="/images/stories/2012/06/tomic.jpg">
Bernard Tomic's Gold Coast bachelor pad is on the market for $700,000, listed alongside the adjoining family home at $800,000. The entire Tomic family compound is set on a 405-square-metre block.
They are both three-bedroom townhouses, the most recent costing $500,000 in 2009. It’s available for lease at $600 a week, although it was initially listed at $750 a week earlier this year.
The rear townhouse cost $340,000 in 2004. Both are listed through LJ Hooker Southport.
Tomic's father, John, owns both townhouses.
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Bernard Tomic’s Southport, Gold Coast bachelor pad and adjoining family home listed

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The historic gothic 1914 Mount Martha mansion Glynt Manor, briefly known as Demetri’s Castle, has been relisted by the prominent Zampelis restaurateur family.
It comes with $4 million-plus hopes through LJ Hooker Frankston agent Geoff Smith.
The family, who’ve operated more than 70 hospitality venues in Victoria since the late 1980s, snapped up the Greenslade Court property for $3,399,000 only late last year.
They then had plans to find a long-term tenant.
Its sale <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/demetri-s-castle-sells-for-%24900000-loss-not-including-televised-labour-of-love/2011111352335" target="_blank">represented a $900,000 loss</a> as the nine-bedroom, eight-bathroom mansion had been bought in 2008 for $4.3 million by the Sideropoulos family.
It featured on the 2009 SBS documentary Demetri’s Castle, which covered the roller-coaster ride of emotions in its extensive renovations.
It sits on about 8,000 square metres, with views of Port Phillip Bay and the Melbourne lights in the distance.
It was designed by Harold Desbrowe Annear as a single-storey farmhouse for the Henty family, descendants of Victoria's first European settlers.
It bears a similarity to another of his designs, Delgany at Portsea.
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The historic gothic 1914 Mount Martha mansion Glynt Manor back on the market

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The current Melbourne housing market dynamics are working in the favour of aspiring home owners, with no short-term prospect of capital growth for investors, says property investment adviser Monique Sasson Wakelin.
Monique Sasson Wakelin advised June 28 that she actually said: “We will have relatively little if any capital growth in the property market probably for the next 12 months or so.”
However, she says the good news is that with Melbourne house prices down more than 8.4% over the 12 months to the end May (according to RP Data) and interest rates falling, affordability has improved, meaning aspiring buyers can get a foothold in the market.
“You can’t have your cake and eat it – you can’t have fabulous capital growth as an investor and high affordability as an aspiring home buyer.
“Take your pick. You will have one or the other at any given point in time.
“Investors will be treading water for some time, but the upside is that you are coming into a market that is very transparent and very affordable.
“It’s a question of balance, of weighing up the options,” she told ABC Radio.
However, Wakelin insisted a lack of capital growth did not mean the “sky is falling in” or that the “everything is going to fall apart”.
Her latest comments do though represent <a href="https://www.propertyobserver.com.au/residential/inner-suburban-melbourne-market-in-recovery-mode-monique-sasson-wakelin/2012050854600">quite a shift from more upbeat comments made a month ago</a>.
In May she said the market was in “recovery mode”, with a perceptible shift in power from buyers to vendors.
In the interview she also said the current state of the market does not mean “sky is falling in and we’re all about to fall into the doom”
“We are not, the reality is if we look back a couple of years, we were all screaming black and blue that affordability was through the floor and nobody could get finance, let alone afford to buy anything reasonable in Melbourne, even in the outer suburbs. It was just horrendously difficult for anything,” she says.
“So the good news is that with lower interest rates and higher affordability we have a far better chance for those who want to get into the market, for whatever purpose be it for home buying or investment, now is the time they will be able to do that in a relatively affordable fashion,” she says.
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Melbourne a better market for aspiring buyers than investors: Monique Sasson Wakelin

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Nine months after being placed in administration, Wayne Ormond’s Refund Home Loans mortgage broking franchise has been sold to ASX-listed non-bank lender Homeloans Limited, administrators SV Partners have announced.
The <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/news/wayne-ormond-s-refund-home-loans-sold-to-non-bank-lender-homeloans-ltd/2012052354808">sale to Homeloans Ltd was foreshadowed by Property Observer in May.</a>
Homeloans Ltd will acquire the Refund mortgage book, distribution network and other selected assets of the business.
Fifty-four former Refund franchisees have commenced operating as Homeloans mortgage brokers and will also receive a “substantial amount of the commissions owing to them by the old Refund business”.
When placed in voluntary administration, Refund had total debts of around $10 million and around 250 mortgage brokers operating Australia wide.
Administrator, David Stimpson of SV Partners, said the sale to Homeloans Ltd was the best possible outcome for everyone involved.
“The completion of the sale will result in a substantial return to Refund’s franchisees as well as a 100% return to employees and the company’s financiers.
“The trade creditors will also receive a return, however it will be sometime before this return amount can be calculated,” he said.
“We appreciate that the administration has been tough for many people, however the final bid by Homeloans provided the best result for all stakeholders, including franchisees, employees and trade creditors. The sale also ensures that a substantial part of Refund’s business will continue, albeit under the Homeloans banner,” added Stimpson.
“This transaction fits perfectly with Homeloans’ strategy to expand through organic growth and acquisitions,” says Scott McWilliam, Homeloans’ general manager funding and investments.
“We are excited about this outcome, which is a mutually beneficial result both for former Refund franchisees who were seeking to align themselves with a respected brand, and for Homeloans, which is seeking to grow its distribution network. We look forward to working with these new loan writers, who are based around Australia.”
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Non-bank lender Homeloans Limited completes purchase of Refund Home Loans network and with 54 brokers signing up

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Becton has sold its development site at Malvern East. The site – which was held in the group’s Retirement Alliance with the Oman Investment Fund – was offloaded to the Melbourne-based developers, Knowles Group at book value.
The site had been slated for development as a proposed further Retirement Alliance retirement village, however given Becton's challenging funding environment, the board resolved that it was better to sell the non-revenue generating asset. Oman Investment Fund is a sovereign wealth fund of the Sultanate of Oman.
It was the former Reg Hunt Holden car dealership premises on Dandenong Road.
On its 2008 purchase it was anticipated to become a $59-million seven storey parkside 75 apartment retirement living project.
It was the site of Cooper's Timber Yard between 1926 and 1979, before Hunt bought the site. Hunt sold the site in 2002.
The Becton sale will reduce the Retirement Alliance’s debt with the Bendigo and Adelaide Bank – which is anticipated to be fully repaid by the end of 2012. It was drawn at $2.6 million.
The developer and fund manager had been expanding into the aged-care sector since the late 1990s until the global financial crisis.
It got to six villages in three states, with 1205 residents in 987 dwellings.
 
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Becton and Sultanate of Oman syndicate abandon Malvern East retirement village plans 

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With the auction of The Block 2012 South Melbourne terraces coming up on Saturday and all of the rooms now revealed, Property Observer inspects each of the four terraces for comparison.
Sophie and Dale's <a target="_blank" href="https://www.kayburton.com.au/property/401-dorcas-street-south-melbourne">401 Dorcas Street</a>
<img src="/images/stories/2012/06/kitch401.jpg">
<img src="/images/stories/2012/06/dining401.jpg">
<img src="/images/stories/2012/06/line.gif">
Mike and Andrew's <a target="_blank" href="https://www.hstheblock.com.au/">403 Dorcas Street</a>
<img src="/images/stories/2012/06/kitch403.jpg">
<img src="/images/stories/2012/06/dining403.jpg">
<img src="/images/stories/2012/06/line.gif">
Brad and Lara's <a target="_blank" href="https://www.buxton.com.au/cgi-bin/show_item.pl?Type=Property&amp;OID=4020713">405 Dorcas Street</a>
<img src="/images/stories/2012/06/kitch405.jpg">
<img src="/images/stories/2012/06/dining405.jpg">
<img src="/images/stories/2012/06/dining4052.jpg">
<img src="/images/stories/2012/06/line.gif">
Dani and Dan's<a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2067340"> 407 Dorcas Street</a>
<img src="/images/stories/2012/06/kitch407.jpg">
<img src="/images/stories/2012/06/dining407.jpg">
{module Block kitchens}
{module Block 2012 winner}
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Inside The Block 2012 – the kitchens and dining rooms

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Ray White recently celebrated its 110th anniversary. The five great-grandsons of Ray White met up in Sydney celebrate the 1902 founding with group chairman Brian White. Ray White once sold pigs, insurance and rural real estate in a railway siding that has since been restored as a museum dedicated to the founder. It is a remarkable milestone, and Ray White is one of many Australian real estate agencies that have exceeded the 100-year mark.
1839
Elders Real Estate bills itself as the oldest agency in Australia. It was established in 1839 after Alexander Lang Elder arrived in Port Adelaide from Scotland. The agency now has more than 400 offices across Australia.
1858
Richardson and Wrench was founded in Sydney in 1858, before much of Australia had been explored by settlers. Liverpool-born founder Robert Richardson set up shop at 235 George Street at the age of 31.
1859
Kelly &amp; Shiel in Carlton was started in 1859. It was awarded a Lord Mayor's Commendation recognising the contribution of small businesses to Melbourne.
 1866
Carlton Gaetjens in Adelaide was founded in 1866. <span style="line-height: 115%; font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-AU; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The agency is run by the 86-year old Ken Gatjens – great-grandson of Herman Gatjens who married into the agency in 1886. With Ken's grand daughter now working in the agency, there have been six generations of the family working there. <span style="line-height: 115%; font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; mso-ascii-theme-font: minor-latin; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-AU; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">It was originally founded by Adolph Heinrich Bartels and Christoph Meyer. Bartels was the Mayor of Adelaide from 1871 to 1873. 
1872
W.B. Simpson &amp; Son in North Melbourne has been run by the same family since its founding in 1872 by William Simpson. The current principal, Darrell Simpson, was joined by his son Richard Simpson, the fifth-generation Simpson to be involved with the company.
1881
Blacks Real Estate in Queensland’s Mackay has been run by the same family since 1881. The family-run agency now has 20 employees.
1883
Raine and Horne’s website claims it is the oldest family-owned agency in Australia. It was established by Tom Raine and Joseph Horne in Sydney’s Elizabeth Street in 1883.
1890
Biggin Scott was founded by former mayor of Prahran TGL Scott on Chapel Street in 1890. The company now employs more than 200 people.
1890
P. Leahy agency in Mosman was founded in 1890 by Paddy Leahy. The agency is currently in its fourth generation of family ownership.
1890
The First National O’Donoghues agency site has been operating as a real estate agency since 1890. O’Donoghues bought the JC Adams Real Estate Agency in 1974.
1892
Ron Loiterton Real Estate Agents in Cootamundra was founded in 1892. The agency sells residential, rural and commercial property throughout the Cootamundra, NSW region.
1889
Sommerville First National was established by James Somerville in 1889 in Hercules Street, Ashfield. Sommerville was a founding member of the Real Estate Institute of New South Wales, and later principal Eric Morrison was also a member in 1978.
1892
Curnow Dyett Real Estate in Bendigo has been run since 1892, Bendigo’s oldest continually running agency. The agency says it has a proud tradition of helping Bendigonians realise their home ownership dreams.
1894
Ewing Real Estate in Gunnedah, NSW, was established in 1894. The family ownership of the company spans four generations and is currently run by principals Bob and Don Ewing.
1895
After a brief spell in Melbourne, James Thomas Peet established Peet in Perth’s William Street in 1895. The business was no doubt bolstered by his former business partner’s assumption of the role of mayor of Subiaco.
1898
Forsyth in Sydney’s Willoughby was founded by Robert Todd Forsyth in a wooden shack in 1898. The business is still run by descendants of the Forsyth family.
1899
Callagher Estate Agents in Annandale was founded in 1899 by an ancestor of the current principal. The agency is in its fourth generation of family ownership.
1902
Ray White recently celebrated its 110th anniversary. The five great-grandsons of Ray White met up in Sydney celebrate the 1902 founding with group chairman Brian White. Ray White once sold pigs, insurance and rural real estate
1903
Miller and James, based in Temora, NSW, was established in 1903. The agency says that 100 years on, the goal is still the same and while agents have altered their methods to suit the modern world they remain committed to professional service.
1907
Kelly and Sons in King Street Newtown dates back to 1907. The business was founded in Parkes by William A Kelly. It remains in family ownership to this day. The Kelly family forefathers arrived with the second fleet in 1790.
Do you know of any more agencies across Australia that should be on this list? <a target="_self" href="mailto:news@propertyobserver.com.au">Email us and let us know.</a>
<div class="mcePaste" id="_mcePaste" style="position: absolute; width: 1px; height: 1px; overflow: hidden; top: 0px; left: -10000px;">?</div>
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The oldest real estate agencies in Australia as Ray White – by no means the oldest – marks 110 years

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The Block's delayed return to Bondi has been scheduled for 2013, but just when is still undertermined.
The <a href="https://www.propertyobserver.com.au/renovating/its-back-to-bondi-for-the-block-home-renovation-realty-series-after-they-sell-south-melbourne/2012033054098" target="_blank">four semi-detached cottages were bought by the television production company</a> last November. The first unsuccessful development application was lodged with council in February.
<img src="/images/stories/2012/06/bondiblock.jpg">
The second attempt for the Brenchley Architects development application still awaits Waverley Council approval. Neighbours have until June 29 to lodge objections.
<a href="https://homes.ninemsn.com.au/theblock/updates/8482328/applications-for-the-block-2013-are-now-open" target="_blank">Application for contestant couples is now being sought for the gruelling 10-week filming period scheduled for early 2013.</a> The official application forms suggests the location of The Block 2013 is yet to be confirmed, given The Block is scheduled to shoot two series for airing during the year.
Subject to council approval one will be the semi-detached cottages at 6-12 Tasman Street, Bondi.
The delay may be because the semis are listed as "historically significant" having architectural, aesthetic, group value and streetscape significance on the NSW government heritage database.
It dates back to the council’s 1989 Waverley heritage study by Perumal Murphy Alessi, the heritage architectural firm.
All the semis between 2 and 12 Tasman Street are described on the heritage site as an “outstanding row of early 20th century semi-detached. Unusual to find such an intact row in this area. The buildings also have special interest for their detailing. Local significance. circa 1915. Slate roof with terra cotta ridge capping. Main roof pitched with gablet over entries. Skillion corrugated iron roof on either side for remainder of verandahs. All retain original turned timber posts and spindle valences. Tessellated veranda tiles. Casement windows in unusual sets of four, with small coloured panes. Good chimneys with unusual pots. Tuckpointed face brick. Let down only by fences and minor alterations.”
It is envisaged there will not be any decision made into July, a council spokesperson said recently.
The cost of the development application works is put at $800,000 plus, having had a $900,000 cost in the initial withdrawn application.
It involves a first-floor extension – lower than initially sought – and which is suggested as not visible from the street.
The application seeks demolishing the back half of the houses on the basis that they are outdated.
The purchase price of the four semis hasn't been revealed although it reputedly could have been as much as $5.2 million. The initial sale price estimate by Property Observer was $4.4 million or more.
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