<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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Sydney-based construction group Ganellen has yet to take over any of the building projects that were being carried out by collapsed builder Kell &amp; Rigby.
Ganellen commercial project director Chris Ahern told Property Observer the company was still in discussions on some of the projects but had not signed any contracts.
Ganellen negotiated an agreement with the administrators <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/ganellen-to-take-on-kell-rigby-projects-as-reed-construction-also-faces-difficulties/2012030153639">as the preferred bidder on 15 major projects worth $50 million from the Kell &amp; Rigby collapse.</a>
At a creditors’ meeting in April administrators PBB said Ganellen was tendering on three projects but had not secured any tenders to date.
Under the agreement with administrators, Ganellen is to report the value of unsecured creditors they pay on contracts they secured, but at the time no contracts had been awarded.
The projects range from a luxury housing estate for Lend Lease to school libraries for a council.
Ganellen chief executive Peter Maneas told The Australian that only two of the 15 projects suited its business but the company could not reach “equitable terms” on either of these projects.
Maneas says he has a responsibility the staff, shareholders and clients to only pursue projects that are financially viable.
Some former clients of Kell &amp; Rigby have put out fresh tenders, including Bankstown City Council, which is seeking a builder for its $20 million library.
Lend Lease has re-tendered its St Patrick’s Estate Manly luxury house project.
Creditors of <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/construction-company-kell-rigby-stops-work-as-financial-talks-collapse/2012021053329">Kell &amp; Rigby, one of Australia’s oldest building companies</a>, voted at an April 2 meeting to wind up the company.
The company shut down its operations on February 8 with administrators Mark Robinson and Stephen Parbery appointed on February 10.
About 1,400 unsecured creditors – many of whom are employees of Kell &amp; Rigby subsidiary businesses and contractors – are owed more than $16 million and will receive as little as 9¢ for every dollar owed, with some receiving nothing.
They include plumbing business G.M. Considine Plumbing, which is owed $500,000. At the time of its collapse it was managing 24 projects and employed 124 staff.
Former employees, which rank as priority creditors, will receive just 24¢ out of every dollar of the $4.3 million they are owed. The first secured creditor is the Commonwealth Bank, which is owed $2.2 million. Proceeds from the sale of Kell &amp; Rigby’s Strathfield head office will pay the bank out in full.
The second secured creditor is property developer Mulpha, which is owed $3.5 million, with administrators estimating a shortfall in excess of $2 million.
In total secured creditors will be refunded $3.67 million.
The administrators’ report says that over the past 10 years Kell &amp; Rigby worked on more than $400 million of projects in the residential and aged-care sectors, including projects with a number of public companies in addition to working with numerous private developers and investors.  Projects ranged in size from $3 million to more than $85 million.
It first ran into difficulties as far back as 1998 when it commenced two significant residential projects Paddington Green and <place><placename>Rockwell</placename><placetype>Gardens</placetype></place>.
“These residential projects proved to be extremely unprofitable and litigious, which significantly impacted the working capital position of the group,” says the report.
“One of these projects (which completed in 2002) resulted in losses of approximately $11 million due to cost escalation as well as another $4 million in relation to legal costs and defect rectifications,” says the report.
 
 
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lschlesinger-FZcF9M3vE6

Ganellen yet to take over any Kell & Rigby building contracts

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The regional centre of Manjimup, about 300 kilometres south of Perth, the Southern Hemisphere’s biggest producer of perigold black truffles, has also gained the title of the local government area with the most acute housing shortage.
The list of the 30 municipalities contains just three locations on the metropolitan fringe – the Perth suburbs of Melville, Mundaring and Joondalup – weakening the argument that land release problems in the outer suburbs of the major cities is a key reason for Australia’s contested housing shortage.
<img src="/images/stories/manjimup1.jpg">
Over the weekend, <a href="https://www.propertyobserver.com.au/residential/no-australian-wide-housing-shortage-csrs-ross-sindel/2012052154769">CSR chief executive Rob Sindel</a> rejected the notion that Australia is suffering from a nationwide housing shortage – he says there are shortages in certain places such as NSW, south-east Queensland and WA.
The top 30 list compiled by the HIA is dominated by WA, which makes up half (15) of the local government areas with the most chronic undersupply of homes, followed by Queensland (7), NT (3), Victoria (3) with one each in NSW and South Australia.
Manjimup needs almost an additional four dwellings (3.94) for every 100 people in the town, which has a population of just over 10,000 – or 399 dwellings, according to the HIA.
The agricultural rich lands of Manjimup (it also home to the pink lady apple) are just ahead of the more arid municipality of Palmerston (3.93 dwellings required for every 100 people), the planned satellite city next to Darwin followed by the WA town of Geraldton, 430 kilometres north of Perth, a beneficiary of the mining boom where a major iron ore terminal is located. Geraldton has a dwelling shortage of 791 for its 21,000 population.
The median house price in Manjimup is $265,000, according to Australian Property Monitors.
A kilogram of Manjimup truffles is worth around $2,000 – last season the biggest truffle unearthed weighed 348 grams.
Manjimup truffles are sought as far afield as Manhattan restaurants and in eateries in France and Germany, with truffle season running for three months from June until September.
According to realestate.com.au, there are 248 Manjimup properties for sale, including <a href="https://www.realestate.com.au/property-mixed+farming-wa-manjimup-7324305">this 55-hectare farm featuring a three bedroom residence</a>. Listed for sale by Rodney Musulin of Primaries Real Estate for $970,000, it is “ideal for most horticulture pursuits, including highly prized truffles and avocados”.
<img src="/images/stories/truff.jpg" width="470">
The list includes two suburbs close to the Perth CBD – Subiaco, which ranks sixth on the list with a shortage intensity of 3.383 and 611 homes, and eight-placed South Perth, with a shortage intensity of 3.048 and 1,386 homes.
In absolute terms, Joondalup, about 16 kilometres north of Perth has the highest shortage of houses at 3,955 a shortage intensity of 2.38 houses for every 100 people.
Top 30 LGA government areas where a housing shortage exists
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="151">
LGA
</td>
<td valign="top" width="83">
State
</td>
<td valign="top" width="93">
Dwelling shortage
</td>
<td valign="top" width="99">
Population
</td>
<td valign="top" width="97">
Median house price
</td>
<td valign="top" width="93">
Shortage intensity
</td>
</tr>
<tr>
<td valign="top" width="151">
Manjimup
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
399
</td>
<td valign="top" width="99">
10,126
</td>
<td valign="top" width="97">
$265,000
</td>
<td valign="top" width="93">
3.94
</td>
</tr>
<tr>
<td valign="top" width="151">
Palmerston
</td>
<td valign="top" width="83">
NT
</td>
<td valign="top" width="93">
1,268
</td>
<td valign="top" width="99">
32,285
</td>
<td valign="top" width="97">
$465,000
</td>
<td valign="top" width="93">
3.928
</td>
</tr>
<tr>
<td valign="top" width="151">
Geraldton
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
791
</td>
<td valign="top" width="99">
21,361
</td>
<td valign="top" width="97">
$280,000
</td>
<td valign="top" width="93">
3.703
</td>
</tr>
<tr>
<td valign="top" width="151">
Litchfield
</td>
<td valign="top" width="83">
NT
</td>
<td valign="top" width="93">
753
</td>
<td valign="top" width="99">
20,389
</td>
<td valign="top" width="97">
$571,000
</td>
<td valign="top" width="93">
3.693
</td>
</tr>
<tr>
<td valign="top" width="151">
Darwin
</td>
<td valign="top" width="83">
NT
</td>
<td valign="top" width="93">
2,684
</td>
<td valign="top" width="99">
79,338
</td>
<td valign="top" width="97">
$550,000
</td>
<td valign="top" width="93">
3.383
</td>
</tr>
<tr>
<td valign="top" width="151">
Subiaco
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
611
</td>
<td valign="top" width="99">
19,674
</td>
<td valign="top" width="97">
$970,000
</td>
<td valign="top" width="93">
3.106
</td>
</tr>
<tr>
<td valign="top" width="151">
Bunbury
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
1,087
</td>
<td valign="top" width="99">
35,614
</td>
<td valign="top" width="97">
$340,000
</td>
<td valign="top" width="93">
3.052
</td>
</tr>
<tr>
<td valign="top" width="151">
South Perth
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
1,386
</td>
<td valign="top" width="99">
45,469
</td>
<td valign="top" width="97">
$727,000
</td>
<td valign="top" width="93">
3.048
</td>
</tr>
<tr>
<td valign="top" width="151">
Claremont
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
303
</td>
<td valign="top" width="99">
10,065
</td>
<td valign="top" width="97">
$1.2 m
</td>
<td valign="top" width="93">
3.010
</td>
</tr>
<tr>
<td valign="top" width="151">
Kalgoorlie/Boulder
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
968
</td>
<td valign="top" width="99">
33,319
</td>
<td valign="top" width="97">
$319,000
</td>
<td valign="top" width="93">
2.905
</td>
</tr>
<tr>
<td valign="top" width="151">
North Burnett
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
311
</td>
<td valign="top" width="99">
10,839
</td>
<td valign="top" width="97">
$150,000
</td>
<td valign="top" width="93">
2.869
</td>
</tr>
<tr>
<td valign="top" width="151">
Banana
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
427
</td>
<td valign="top" width="99">
15,542
</td>
<td valign="top" width="97">
$270,000
</td>
<td valign="top" width="93">
2.747
</td>
</tr>
<tr>
<td valign="top" width="151">
Melville
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
2,835
</td>
<td valign="top" width="99">
103,687
</td>
<td valign="top" width="97">
$670,000
</td>
<td valign="top" width="93">
2.734
</td>
</tr>
<tr>
<td valign="top" width="151">
Fremantle
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
785
</td>
<td valign="top" width="99">
29,318
</td>
<td valign="top" width="97">
$640,000
</td>
<td valign="top" width="93">
2.678
</td>
</tr>
<tr>
<td valign="top" width="151">
Broome
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
448
</td>
<td valign="top" width="99">
17,081
</td>
<td valign="top" width="97">
$675,000
</td>
<td valign="top" width="93">
2.623
</td>
</tr>
<tr>
<td valign="top" width="151">
Mundaring
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
1,021
</td>
<td valign="top" width="99">
39,753
</td>
<td valign="top" width="97">
$450,000
</td>
<td valign="top" width="93">
2.568
</td>
</tr>
<tr>
<td valign="top" width="151">
Northern Grampians
</td>
<td valign="top" width="83">
Vic
</td>
<td valign="top" width="93">
309
</td>
<td valign="top" width="99">
12,158
</td>
<td valign="top" width="97">
$150,000
</td>
<td valign="top" width="93">
2.542
</td>
</tr>
<tr>
<td valign="top" width="151">
Gannawarra
</td>
<td valign="top" width="83">
Vic
</td>
<td valign="top" width="93">
292
</td>
<td valign="top" width="99">
11,522
</td>
<td valign="top" width="97">
$153,000
</td>
<td valign="top" width="93">
2.538
</td>
</tr>
<tr>
<td valign="top" width="151">
Mount Isa
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
563
</td>
<td valign="top" width="99">
22,186
</td>
<td valign="top" width="97">
$349,000
</td>
<td valign="top" width="93">
2.534
</td>
</tr>
<tr>
<td valign="top" width="151">
Western Downs
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
818
</td>
<td valign="top" width="99">
32,727
</td>
<td valign="top" width="97">
$295,000
</td>
<td valign="top" width="93">
2.499
</td>
</tr>
<tr>
<td valign="top" width="151">
Hinchinbrook
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
298
</td>
<td valign="top" width="99">
12,240
</td>
<td valign="top" width="97">
$255,000
</td>
<td valign="top" width="93">
2.435
</td>
</tr>
<tr>
<td valign="top" width="151">
Albany
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
904
</td>
<td valign="top" width="99">
37,207
</td>
<td valign="top" width="97">
$375,000
</td>
<td valign="top" width="93">
2.430
</td>
</tr>
<tr>
<td valign="top" width="151">
Cambridge
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
667
</td>
<td valign="top" width="99">
27,552
</td>
<td valign="top" width="97">
$1.01m
</td>
<td valign="top" width="93">
2.421
</td>
</tr>
<tr>
<td valign="top" width="151">
Central Goldfields
</td>
<td valign="top" width="83">
Vic
</td>
<td valign="top" width="93">
308
</td>
<td valign="top" width="99">
12,854
</td>
<td valign="top" width="97">
$185,000
</td>
<td valign="top" width="93">
2.396
</td>
</tr>
<tr>
<td valign="top" width="151">
Berri &amp; Barmera
</td>
<td valign="top" width="83">
SA
</td>
<td valign="top" width="93">
268
</td>
<td valign="top" width="99">
11,259
</td>
<td valign="top" width="97">
$187,500
</td>
<td valign="top" width="93">
2.380
</td>
</tr>
<tr>
<td valign="top" width="151">
Joondalup
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
3,995
</td>
<td valign="top" width="99">
166,370
</td>
<td valign="top" width="97">
$525,000
</td>
<td valign="top" width="93">
2.377
</td>
</tr>
<tr>
<td valign="top" width="151">
Eurobodalla
</td>
<td valign="top" width="83">
NSW
</td>
<td valign="top" width="93">
915
</td>
<td valign="top" width="99">
38,607
</td>
<td valign="top" width="97">
$350,000
</td>
<td valign="top" width="93">
2.370
</td>
</tr>
<tr>
<td valign="top" width="151">
Scenic Rim
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
955
</td>
<td valign="top" width="99">
40,304
</td>
<td valign="top" width="97">
$390,500
</td>
<td valign="top" width="93">
2.369
</td>
</tr>
<tr>
<td valign="top" width="151">
Goondiwindi
</td>
<td valign="top" width="83">
Qld
</td>
<td valign="top" width="93">
274
</td>
<td valign="top" width="99">
11,646
</td>
<td valign="top" width="97">
$261,250
</td>
<td valign="top" width="93">
2.353
</td>
</tr>
<tr>
<td valign="top" width="151">
Vincent
</td>
<td valign="top" width="83">
WA
</td>
<td valign="top" width="93">
758
</td>
<td valign="top" width="99">
32,228
</td>
<td valign="top" width="97">
$600,000
</td>
<td valign="top" width="93">
2.352
</td>
</tr>
</tbody></table>
Source: HIA, median house prices provided by APM.
 
 
 
 
 
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Australia’s truffle capital, Manjimup, WA, has mushrooming housing shortage: HIA

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It was marketed by <a href="https://www.propertyobserver.com.au/western-australia/absentee-investor-alert-nigerian-scammers-sell-%24410000-house-they-didnt-own/2011081751195">LJ Hooker under the ironic headline “LOOKS CAN BE DECEIVING!!!</a><a href="https://www.propertyobserver.com.au/western-australia/absentee-investor-alert-nigerian-scammers-sell-%24410000-house-they-didnt-own/2011081751195" target="_blank">”</a> and sold within six days.
But what eventuated as an Nigerian scam sale has prompted Western Australia's Consumer Protection to begin disciplinary action against the Mirrabooka selling agent.
Following the fraudulent sale last year the department has lodged an application with the State Administrative Tribunal to hear the case against Samykannu Pty Ltd, trading as LJ Hooker Mirrabooka, and licensee John Samykannu.
It is for alleged breaches of the real estate agents’ code of conduct.
The legal action follows an investigation by the Property Industries branch of Consumer Protection into the circumstances surrounding the sale of the home in April last year without the real owners’ knowledge or consent. It was a brick Ballajura house located 14 kilometres north of Perth.
The owners discovered they had become victims of identity fraud perpetrated by scammers in Nigeria when they returned to Perth to inspect the property in August.
The snappily sold house (the marketing said “FIRST TO SEE WILL GRAB IT!”) had settled months before without the knowledge or consent of the absentee landlord owner.
The proceeds from the sale, almost $400,000, had been sent to a bank account in China.
The Commissioner for Consumer Protection will allege that the agency LJ Hooker Mirrabooka and agent John Samykannu did not exercise due skill, care and diligence by failing to properly verify the identities of the vendors.
It is further alleged that the agent failed to act in the best interests of his clients and failed to act in accordance with their instructions by not contacting them via the details listed on the "authority to act as managing agent" agreement for their property.
A date for the hearing against the real estate agent has yet to be set. The codes of conduct for real estate agents, sales representatives and settlement agents were strengthened in October last year by the state government.
The department says clear guidelines issued to all agents to ensure more stringent identity checks will reduce the chance of fraud attempts being successful in the future.
 
 
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jchancellor-FAypfDUnLy

Perth Nigerian scam estate agent faces disciplinary action for alleged lack of diligence in $410,000 sale

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The Reserve Bank will keep an eye on China’s economic progress following new data showing the Chinese economy has slowed down, says governor Glenn Stevens.
Concerns about China's growth were expressed by Stevens as part of a questions and answer session following his speech to the Australian Payments Clearing Association (APCA) 20th Anniversary Symposium in Sydney today.
The new data, the HSBC Flash Purchasing Managers Index, showed that China’s purchasing managers index fell from 49.3 to 48.6 in May.
The index is considered an earliest indicator of the strength of China's industrial sector.
"One caution I'd offer is that we typically read a [purchasing managers index] level below 50 as meaning they're contracting, but what it means [for China is] they're growing slower than average if you calibrate that carefully," Stevens said.
Around half of the planned investment driving the current mining boom is based on expectations about the growth of China.
“Very few long-term economic issues therefore matter to Australia as much as how fast China will grow, for how long, and in what pattern,” wrote John Edwards, Lowy Institute visiting fellow, on <a href="https://www.google.com.au/search?q=australian+mining+boom+china+&amp;rls=com.microsoft:en-GB:%7Breferrer:source?%7D&amp;ie=UTF-8&amp;oe=UTF-8&amp;sourceid=ie7&amp;rlz=1I7GGHP_en&amp;redir_esc=&amp;ei=idPCT8KrKsaViAeRvtCQCg">Business Spectator in March</a>.
His comments followed the publication of a World Bank report that said that under a “favourable scenario” GDP growth in China would slow from the current rate of over 9% to 5% by 2026.
During his speech to the symposium today, Stevens also highlighted the growing role of the RBA as a regulator of financial markets.
He said the global push to strengthen financial regulation in the wake of the GFC had increased the role of the RBA in overseeing financial markets infrastructures (FMIs) such as securities settlement systems.
“Oversight of FMIs therefore demands a significant proportion of the Board's time. It is also this work that is expanding most rapidly.
“The logic of this reform is that it will reduce and simplify bilateral exposures between counterparties.  But it will also increase the systemic importance of the financial infrastructure, because we will in effect be creating a small number of ‘single points of failure’.
“Hence the resilience of that infrastructure will be critical, and the obligation of the official sector to provide proper oversight to ensure that resilience will correspondingly increase,” Stevens said.
 
 
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RBA watchful of China industrial slowdown: Glenn Stevens

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Four WA olive farms have been put up for sales by receivers KordaMentha.
The olive farms in Preston Valley, Avon Valley, Twin Brooks and Dandaragan belong to one of Australia’s biggest olive companies Kailis Organic Olive Groves, which has its headquarters in Osborne Park in Perth.
The company collapsed in November 2011 after being unable to repay debts of $18 million, with $15 million owed to Westpac.
Combined the four properties feature 1,800 hectares of olive plantations with an average age of 6.5 years and include modern processing facilities and over 10 gigs of water licences with a value of around $20 million, excluding the operating business.
The properties are available to be purchased separately.
The biggest property is <a href="https://www.eldersrealestate.com.au/rural/buy/property-wa-gingin-498076" target="_blank">Twin Brooks in Gingin</a> measuring 1,606 hectares with 449 hectares planted to olives.
<a href="https://www.eldersrealestate.com.au/rural/buy/property-wa-beverley-498073" target="_blank">Avon Valley in Beverley</a> measures 1,368 hectares over 20 titles, with 785 hectares of olive groves.
<a href="https://www.eldersrealestate.com.au/rural/buy/property-wa-mumballup-498078" target="_blank">Preston Valley in Donnybrook</a> measures 447 hectares and has 236 hectares of olive groves.
<a href="https://www.eldersrealestate.com.au/rural/buy/property-wa-dandaragan-498074" target="_blank">Dandaragan</a> measures 498 hectares and has 388 hectares of olive groves.
All four properties are being sold by Elders Real Estate via expressions of interest campaigns.
Mark Mentha, partner at KordaMentha, says there is strong interest in the farms from local syndicates of high-net-worth individual, super funds and Asian investors.
Olive oil producers in Australia have struggled to compete against cheaper imports from countries like Spain and Italy following the strengthening of the Australian dollar.
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Four olive farms put up for sale by receivers with $20 million price tag

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St Hilliers Construction founder Tim Casey says the firm is owed more than $6 million by the NSW government and has slammed its decision to take over 13 NSW social housing projects.
Speaking at a creditors' meeting in Sydney on Friday, Casey said he had written to the State Treasurer, Premier and Finance Minister over the $8.1 million in work St Hilliers has undertaken on the projects.
Casey claims the construction business has only been paid $1.4 million.
Of the $6.7 million still owed, $3.5 million is owed to sub-contractors of St Hilliers Construction.
Casey says St Hilliers plans to sell the company’s Cumberland Street headquarters in Sydney, worth up to $22 million, to pump money into the ailing construction business.
“It’s a high-handed decision of the state government to [terminate these state housing contracts],” Casey said at the creditors' meeting.
One contractor on the NSW housing projects, Ivan Stefanac, a gyprocker who is owed $41,000, told The Australian he does not expect to receive any money now that the government has taken over the projects.
At the meeting Casey said all but two of the projects would be reopened and said he was confident the construction business would find a way to start trading again.
There are about 1,000 creditors of St Hilliers Construction.
At the meeting, attended by about 100 creditors, administrators Trent Hancock and Michael Hird of Moore Stephens Sydney Corporate Recovery Group did not say how much was owed to creditors.
The <a href="https://www.sthilliers.com.au/Home">St Hilliers website </a>is functioning normally again after previously only linking through to a press release about the voluntary administration decision.
Separately, the Reed Group, which is facing the threat of supplier seeking to wind up the business, has had its claim that it is owed up to $70 million by the NSW state government rejected following a parliamentary hearing.
An independent expert panel chaired by Andrew Rogers QC found that the monies Reed claims it is owed by the state government were not “anywhere near” the true figure.
Reed claims the money is owed for work done on building roads and building schools as part of the federal government’s $16.2 billion Building the Education Revolution scheme.
 
 
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St Hilliers founder says government owes it millions, but Reed Group government claim rejected

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<img src="/images/stories/finlayson.jpg" width="470">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Brent Scrimshaw, the vice-president and ceo of Nike Inc <place ns1:ns1:w:st="on">Europe, has listed his Malvern house (pictured above) through </place>Marshall White. With scope to update, the house with three bedroom plus study is tipped to fetch more than $1.1 million at its June 2 auction through Marshall White agent John Manton. Scrimshaw is living in <place ns2:ns2:w:st="on">Europe</place> with his family.
{yoogallery src=[images/stories/may8winterhouse]}
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">
The Misner family have relisted their redundant Wilsons Creek property (pictured above) for sale with revised $3.15 million hopes. Located 25 kilometres from Byron Bay, the house was built for Louise Moores, the heiress to the Littlewoods Pools fortune, about 12 years ago. It was sold by the now British-based Moores in 2002 for $1.4 million. The Misner family, headed by audio engineering schools' proprietor Tom Misner, tried to sell it in late 2006 for $3.45 million. In 2009 it had $3.4 million hopes for the Swiss ski lodge-style house with a flood-free creek frontage and a swimming hole 50 metres from the house. It is a six-bedroom, six-bathroom house with a commercial kitchen and a yoga-meditation room set on about three hectares. The Wilsons Creek Road house construction reputedly cost about $2 million. It has been listed through Nicolette van Wijngaarden from Unique Estates. Misner, who was last featured in the 2004 BRW Rich List with a worth of $280 million, lives on a six-hectare hinterland property at Coopers Shoot.
<img width="470" src="/images/stories/kooeloah.jpg">
<img src="/images/stories/flagtitletat.jpg" style="float: left; margin: 5px;">
Kooeloah, the Broken Head, Byron Bay retreat (pictured) has been listed for sale. With its name meaning 'home of the dolphins', it’s a tranquil haven away from the fast lane overlooking Seven Mile Beach from its lagoon and lap pools complete with two bales. The multi-level Balinese-style main residence, which comes with three more villas over its 4.2-hectare holding, has been listed through McGrath agent Paul Nicholls inconjunction with Byron Bay Property Sales. All up eight bedrooms and 11 bathrooms, which is why Title Tattle’s serious online rival, RadicalTerrace.com.au, suggests Kooeloah comes with $15 million hopes. Its not far from the $6.3 million vacant land acquisition by the Staley family. Local architect Christine Vadez designed the Balinese-style design, which was built by Ian Heanes for Suinee Wong Lomas, a retired film and television producer, and Eric Lomas, the retired chief executive of Singapore’s The Yellow River Network, after they bought the northern NSW property in 1989.
<img src="/images/stories/illawarrard.jpg" width="470">
<img style="float: left; margin: 5px;" src="/images/stories/flagtitletat.jpg">Rick and Richelle Marks, who are the owners of Rub-a-Dub car wash, have listed their contemporary Hawthorn house (pictured above). The open-plan house is described as?minimalist but comfortable by its Woodards agent Rodney Morley. The?kitchen and dining areas are finished in granite and marble. There are three bedrooms, two marble bathrooms and a media room; the master bedroom on the first floor has a parents’ retreat The Illawarra Avenue house was  designed by architect Andrew Norbury of Metier3. It is listed at $3.6?million.
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Kooeloah, Byron Bay's $15 million Balienese listing: Title Tattle

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ASX-listed non-bank lender Homeloans Ltd will look to acquire other broker networks following the acquisition of the $1.9 billion Refund Home Loans loan book and distribution network.
The purchase of the loan book, distribution network and assets of Refund Home Loans will be settled on June 8, after which Wayne Ormond’s Refund Home Loans brand, which once had around 350 loan writers, will disappear.
“The Refund Home Loans brand is tarnished and will no longer exist,” says Homeloans Ltd spokesman Scott McWilliam.
The purchase price has not been disclosed.
McWilliam tells Property Observer the Refund deal is a “distribution and acquisition play” for Homeloans Ltd, which is on the look-out for further ways to grow its brand and distribution network.
The acquisition will grow the current Homeloans Ltd book from around $6 billion to close to $8 billion while its current retail broker network of around 30 could soar to more than 160 should all of the remaining 135 Refund loan writers choose to sign up with the non-bank lender.
McWilliam says brokers that sign up with Homeloans Ltd will still have the option to offer customers mortgage refunds (paid from the commissions they receive) but says he does not expect many will continue do so.
“A lot of them would prefer not to and they don’t see as a selling point,” he says.
All current Refund Home Loans brokers will be given the opportunity to sign “branded broker contracts” with Homeloans Ltd.
Refund Home Loans branded cars and other marketing material will be rebranded with Homeloans Ltd, while brokers will also receive marketing support, lead generation support and the support of the Homeloans Ltd business development manager (BDM) network and company infrastructure.
“Brokers will continue to offer the same range of products and continue to aggregate under Choice. Homeloans Ltd are already a lender on the Choice panel,” says McWilliam.
The purchase is to be funded from Homeloans Ltd’s cash reserves.
 
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Homeloans Ltd looking at other acquisitions following Refund deal

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<a href="https://www.propertyobserver.com.au/industry-news/rolls-royce-lifestyle-over-for-refund-founder-wayne-ormond-as-creditors-to-investigate-if-company-traded-insolvent/2012052354812" target="_self"><img src="/images/stories/3.gif"></a>
The number of <a href="https://www.propertyobserver.com.au/industry-news/rolls-royce-lifestyle-over-for-refund-founder-wayne-ormond-as-creditors-to-investigate-if-company-traded-insolvent/2012052354812" target="_blank">Rolls-Royces that Refund Home Loans founder Wayne Ormond owned in the past</a>. He says they have all been disposed of or repossessed.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/retail/zara-apple-and-reviving-cinemas-among-best-performing-westfield-tenants/2012052154767" target="_blank"><img src="/images/stories/2point7percent.gif"></a>
<a href="https://www.propertyobserver.com.au/retail/zara-apple-and-reviving-cinemas-among-best-performing-westfield-tenants/2012052154767" target="_blank"></a>The<a href="https://www.propertyobserver.com.au/retail/zara-apple-and-reviving-cinemas-among-best-performing-westfield-tenants/2012052154767" target="_blank"> turnover for Westfield in the mini-major category, which includes Zara and Apple along with the likes of JB Hi-Fi, Dick Smith and Priceline,</a> for the year to March. “Retailers such as Apple and Zara demonstrate the success that can be enjoyed through an exciting and engaging retail experience. These mini-majors are proving to be great destinational retailers,” said Westfield Retail Trust chairman Richard Warburton in his address to shareholders.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/queensland/mark-mcivors-gold-coast-palm-beach-vacant-block-listed-by-receivers-title-tattle/2012052254787"><img src="/images/stories/597sqm.gif"></a>
 
The<a target="_blank" href="https://www.propertyobserver.com.au/queensland/mark-mcivors-gold-coast-palm-beach-vacant-block-listed-by-receivers-title-tattle/2012052254787"> size of the Palm Beach vacant block belonging to Mark McIvor</a>, who recently resigned as managing director of Equititrust. It last traded in 1991 at $575,000, seemingly as part of a larger lot at the time. It’s been listed for June 2 receivership auction.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/developments/record-number-of-melbourne-apartments-to-be-completed-in-2013-followed-by-plummet-in-2014-charter-keck-kramer/2012052354814"><img src="/images/stories/14000.gif"></a>
The possible<a target="_blank" href="https://www.propertyobserver.com.au/developments/record-number-of-melbourne-apartments-to-be-completed-in-2013-followed-by-plummet-in-2014-charter-keck-kramer/2012052354814"> number of apartments that could be completed in Melbourne in 2013, according to Charter Keck Cramer</a>. However, in 2014 the great spurt in the apartment construction, which kicked off in 2011, will at least halve and possibly fall as low as just 4,000 apartments.
<hr>
<a href="https://www.propertyobserver.com.au/retail/perron-group-to-acquire-half-stake-in-three-centro-centres-for-%24690-million-setting-post-gfc-commercial-retail-record/2012051754740" target="_blank"><img src="/images/stories/690point4m.gif"></a>
The price <a target="_blank" href="https://www.propertyobserver.com.au/retail/perron-group-to-acquire-half-stake-in-three-centro-centres-for-%24690-million-setting-post-gfc-commercial-retail-record/2012051754740">privately owned Perron Group has agreed to payto acquire a 50% share in a portfolio of three Centro flagship regional shopping centres</a>. This is a post-GFC record.
 
<hr>
<a href="https://www.propertyobserver.com.au/victoria/top-selling-block-2011-richmond-property-reduces-asking-rent-title-tattle/2012052354806" target="_blank"><img src="/images/stories/1100.gif"></a>
The<a href="https://www.propertyobserver.com.au/victoria/top-selling-block-2011-richmond-property-reduces-asking-rent-title-tattle/2012052354806" target="_blank"> weekly asking rent for one of the four <city style="font-size: 14px; text-align: left;">Richmond</city> properties on the hit Channel 9 renovation series</a> <a href="https://www.propertyobserver.com.au/victoria/top-selling-block-2011-richmond-property-reduces-asking-rent-title-tattle/2012052354806" target="_blank">The Block 2011</a>.  It was the dearest home sold at last year's auction – <a target="_blank" href="https://www.propertyobserver.com.au/victoria/take-two-auction-frenzy-as-only-one-offering-left-on-the-block/2011082351266">the three-bedroom <street>37 Cameron Street</street> Edwardian cottage, which Josh and Jenna sold for $1 million</a> and had a weekly $1,250 asking rent last September.
 
<hr>
<a href="https://www.propertyobserver.com.au/leisure/slim-dusty-duncan-hotel-passed-in-title-tattle/2012052454824" target="_blank"><img src="/images/stories/2poin21m.gif"></a>
The price that the <a href="https://www.propertyobserver.com.au/leisure/slim-dusty-duncan-hotel-passed-in-title-tattle/2012052454824" target="_blank">Town &amp; Country hotel in St Peter's, Sydney, was passed in at.</a> It was immortalised in the Slim Dusty song Duncan. 
 
 
 
 
 
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cknowlton-QnEa6ntUYP

The 7 must-know numbers of the week, starting with the number of Rolls-Royces Wayne Ormond owned

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Sophie and Dale's South Melbourne terrace offering in The Block 2012 series is the subject to date of a whisper marketing campaign.
There’s also been a blog website set up, <a href="https://bestontheblock.com.au">bestontheblock.com.au</a>, to assist anyone curious about the design work of the couple, who quickly secured a following after their creative bedhead installation.
Its Kay &amp; Burton listing agent Alex Schiavo is yet to publicly market the property through regular print or internet advertising avenues, but has apparently already shown a string of interested parties having identified them as likely buyers of 401 Dorcas Street from the estate agency database.
<img src="/images/stories/sophiedalebedhead.jpg">
There was also a mid-week caravan of K&amp;B agents at the terrace – when they met up with the highly qualified tradespeople who worked on the terrace to seek confirmation about all the features, fixtures and fittings of the terrace.
Only four of the nine room renovations have been revealed in the terraces, which were completed some months ago.
<a href="http://propertyobserver.com.au/ebooks/free-ebook-lessons-from-the-block-and-other-property-reality-television-shows" target="_blank">For lessons property investors can learn from property reality TV, download our free eBook.</a>
 
 
 
 
 
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