<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 four-bedroom Paddington terrace owned by celebrity cook Donna Hay and her husband, Bill Wilson, has been sold for about $2.3 million.
The four-level <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/cookbook-queen-donna-hay-serves-up-seconds-for-paddington-terrace-buyers-title-tattle/2012022253514">Windsor Street property had been on the market since February</a>, when it was listed with $2.4 million hopes through McGrath agent James Dack.
It was extensively renovated after being bought as an investment for $1.42 million in 2003
 
 
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jchancellor-FAypfDUnLy

Donna Hay’s Paddington terrace off the burner as buyer takes a $2.3 million bite: Title Tattle

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The Queensland building boost began under the previous state government last August, with the usual fireworks and rockets, and a promise of help for the housing industry.  Oh…..that is way too tame; it was really a political wedge to shut up the development industry.  And it worked a treat.

The grant was promoted as a panacea that would lift demand and help get more new development underway.  Too many believed that would be the case, with some – even in the development industry – calling for the boost to be extended.  And it was.

To facilitate the anticipated building blitz, the then government set aside $140 million to fund the boost.  That’s help for up to 14,000 housing starts across the state per $10,000 grant.

But as we have constantly reiterated, building grants and the like are not always the answer.  Often, as with the first-home owners’ grant, they can be inflationary and/or fail to provide the promised outcome.

The boost finished at the end of April, and unfortunately, along the way, housing starts in Queensland had dropped.

In fact, the latest ABS building approval figures, out this Monday, show that Queensland dwelling starts totalled just 26,515 for the year ending March, compared with 29,210 new housing commencements for the 12 months to March 2011.  So we got 10% fewer houses built across Queensland, despite the boost.

While there was a flurry of applications in Queensland as the boost drew to a close, the number of dwelling starts was disappointing, to say the least.

As at April 19 – the latest figures we can get – only 8,929 building boost applications had been received by the Queensland government, and 6,367 approved.  That’s just $64 million worth of grants out of the $140 million allocated.

So what can be done?

Well, dropping interest rates isn’t the answer.  I wouldn’t be surprised if Christmas crackers featured a new lame joke this year.  Q: “How many interest rate drops does it take to stimulate the housing market?”  A: “More than you have available.”  OK, I won’t give up my day job!

It will also take much more than dropping the sustainability declaration form and reinstating the stamp duty rebate on second-hand Queensland property purchases to get things moving again.

In fact, we have argued that what Queensland should do to help nudge new housing starts is to <a href="https://www.propertyobserver.com.au/tax/queensland-needs-stamp-duty-reductions-to-level-the-playing-field/2012022853606" target="_blank">remove stamp duty off new sales</a> and keep the existing taxes on established property as they exist today.  However, this would involve breaking an election promise and Queensland maybe isn’t in a budget position to do this yet.  But it will need doing – the sooner the better –  and hopefully before the LNP’s second term.

So what else can be done in the meantime?

The first bit of property-related legislation that should be ripped up is the Property Agents and Motor Dealers Act.  The whole concept of PAMDA was flawed from the start.  Twelve years have now passed since it was introduced and it needs immediate repeal.  In today’s internet world, it is an archaic piece of legislation.

In particular, and if nothing else is done during the LNP’s first term, please burn Form 27c, which requires all real estate agents in Queensland to list how much they charge for commissions.  Valuers, on instructions from the mortgage insurers and banks, are deducting the amount the agent is paid in excess of the standard Queensland sale fee of 2.5%.  The 27c is a product of the Gold Coast fly-in, fly-out marketing of 25-plus years ago.  It only applies to Queensland and, <a href="https://www.propertyobserver.com.au/developments/a-tale-of-two-queensland-buildings-an-investment-property-s-worth-should-be-determined-by-income/2011111552374" target="_blank">as we argued late last year</a>, the distribution of costs should have no bearing on the end value of a product.

PAMDA, and especially Form 27c, are deterrents to investment in Queensland.  If the state government really wants to regulate real estate and development, then all parties involved in the property industry – architects, planners, builders, lawyers, quantity surveyors etc. –  should be subject to disclosing their costs.

The state has no right to dictate a maximum selling fee on property, just like they have no right to dictate what a lawyer or architect charges for service.

The second thing that needs be done is reinstating state government subsidies to local government for municipal infrastructure. Queensland’s mining industry started 40-odd years ago; it isn’t a recent occurrence.  The wealth created from such activity used to be redistributed via infrastructure subsidies.  This made residential development relatively cheap – well, cheaper than interstate.  This was a key competitive advantage for Queensland.

In short, cheaper new housing encouraged interstate migration to Queensland.  It created employment and wealth, too, and was all based on subsidised municipal infrastructure.

In order to close a budget gap, Queensland Labor stopped these subsidies.  This made the price of new development land very expensive as it bore the full cost of infrastructure associated with it (and often beyond!).  Council charges on land rose dramatically too.  This, more than anything, is killing new residential development in Queensland.  It will remain dead unless infrastructure charges are again subsidised.

The third thing that needs doing – and for mine is why Queensland lost its AAA rating and had so many “budget gaps” – is to cut the waste. The LNP needs to remove “zombie projects”.  A commissioned audit needs to occur, but in essence many of the things that were started in the lead up to the past state election, because “they were a really good idea at the time” (i.e. they bought votes), need to be canned.

The zombie list should include regional plans; state-based planning operatives and many of Queensland’s building/planning laws.  Why, for example, can a granny flat in New South Wales be rented out to anyone, but in Queensland it must be occupied by a direct dependant?  Oh, I could create a list as long as your arm when it comes to irrelevant Queensland property-related legislation.

So in short, Can-do needs to change to Undo. 

In order to get things going, Premier Newman needs to undo quite a lot of things.
Michael Matusik is the director of independent property advisory Matusik Property Insights. Michael is a 25-year veteran in the industry and his firm has helped over 550 new residential developments come to fruition.  Michael has launched a new initiative, called<a target="_blank" href="https://www.matusik.com.au/"> Think Matusik</a>.  Think Matusik brings together expert opinion and select property opportunities.
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michaelmatusik-49YzLvdmNv

Despite the building boost, 10% fewer houses built across Queensland, and how Premier Newman can start the uptick

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Yanderra, the five-bedroom Dural house designed by architect Philip Cox, has been listed with $2.75 million plus hopes, the first offering since its early 1980s construction.
It was the commission of the now national chairman of law firm Baker &amp; McKenzie, Bruce Hambrett, the prominent disputes and insolvency lawyer, and his author wife, Jo. They bought the two-hectare land as a bare block for $145,000 in 1981 when Porter's dairy farm was subdivided. It’s nothing like a dairy farm now, with gardens featuring even a veggie patch.
The single-level pavilion-style house comes with pool and horse stables. Neil Keene of LJ Hooker Dural is marketing it as “an inspired reinterpretation of the traditional Australian homestead, albeit with romantic revival architectural traces”.
The grounds have been a regular in the Sydney Open Garden scheme, given it was planned for sustainability. It comes with sandstone terraces planted with lavender and cherry guavas, hedges of camellia, lilly-pilly and banksia. There’s indigenous and rainforest species under giant turpentines.
Possibly the house deserves a mention in the series of lectures exploring historical and contemporary perspectives in architecture, heritage, design and development of Australian housing. The<a target="_blank" href="https://www.hht.net.au/whats_on/event/architecture/sydney_open_lecture_series"> series presents eight conversations</a> in which historians and writers examine different types of housing, from 19th-century villas and Californian bungalows to McMansions and emergency shelters.
This week Philip Goad, professor of architecture and director of the Melbourne School of Design at the University of Melbourne and the editor of the Encyclopedia of Australian Architecture (Cambridge University Press, 2011), talks on the dialogue between nature and culture in forms of the contemporary Australian villa.
 
 
Villa Thursday 10 May Scott Carlin, Curator, Historic Houses Trust Philip Goad, Professor of Architecture at the University of Melbourne
Mansion Thursday 17 May Dr Charles Pickett, Curator of Design and Built Environment at the Powerhouse Museum Jonathan Chancellor, Managing Editor, Property Observer Beach shack Thursday 24 May Dr Michael Bogle, Design Historian Peter Stutchbury, Peter Stutchbury Architects Terrace - SOLD OUT Thursday 31 May Keri Huxley, social and political scientist and former mayor of Woollahra Council Hannah Tribe, Founding Principal, Tribe Studio Architects Project home Thursday 7 June Dr Judith O’Callaghan, Senior Lecturer, The University of New South Wales Tone Wheeler, Principal Architect, Environa Studio Portable Thursday 14 June Megan Martin, Head, Collections and Access Sean Godsell, Sean Godsell Architects
 
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Philip Cox-designed Dural homestead Yanderra listed: Title Tattle

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The Commonwealth Bank will cut up to 100 jobs in its Melbourne-based mortgage division.
The banking giant says it is making the changes due to weak demand.
“The Commonwealth Bank can confirm that it advised staff in its Melbourne mortgage services operations that it will be making a number of changes in its mortgage services operations as a result of constant improvement in our processes, fluctuating customer demands and the low industry growth in home loan volumes,” the bank said in a statement.
Some staff may be redeployed, but the restructure is expected to result in around 100 redundancies, the bank said in a statement.
The bank said the changes will include:
<ul>
<li>Opening a new mortgage services shopfront in Melbourne</li>
<li>Closing mortgage services processing in Melbourne at the end of the year</li>
<li>Increasing the number of roles in our Melbourne mortgage services call centre</li>
<li>Moving some processing services to our interstate centres</li>
</ul>
“While many people will be redeployed into other areas in the bank, there will be some roles (around 100) which will be made redundant.”
“Where there are redundancies we will provide appropriate counselling, support and outplacement services.  However, our priority remains to redeploy the majority of the staff who work in that centre and we have been successful in identifying alternative opportunities for many of our staff.”
The Commonwealth Bank has given a commitment to not move any Australian jobs offshore and will continue to retain all call centre and operations processing functions within Australia.
This article originally appeared on <a href="https://www.leadingcompany.com.au/" target="_blank">LeadingCompany</a>.
 
 
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cknowlton-QnEa6ntUYP

Commonwealth Bank to cut up to 100 jobs in its Melbourne-based mortgage division

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It's no wonder Residex boss John Edwards is <a href="https://www.propertyobserver.com.au/residential/melbourne-housing-market-on-the-wrong-side-of-the-ledger-residex-boss-john-edwards/2012041954363" target="_blank">worried about Melbourne</a>. House prices have gone backwards throughout Melbourne for the year to March 2012, new Residex figures reveal.
Every Melbourne region had negative house price growth for the year ending March 2012, which is in stark contrast with the year to March 2011, when every Melbourne region had positive house price growth.
The greatest change was in the outer-northern Melbourne suburb of Meadow Heights, which went from recording 12.1% growth in the year to March 2011 to house price falls of 8.53% in the 12 months to March 2012. The median house prices in Meadow Heights is $459,500.
The next biggest disparity was in Essendon, which recorded house price growth of 11.53% in the year to March 2011, according to Residex. Over the year to March 2012 house prices fell 8.75% to $584,000.
House prices also fell in most Melbourne localities in the last month, with Brunswick (up 3.13%) the strongest performer. The median house price in Brunswick is $545,000. The worst falls were experienced in Essendon, where house prices fell 1.9% in the past month.
Essendon was also the worst performer in the past quarter, with house prices falling 4.98%. The strongest suburb in the past quarter was the inner-north suburb of Fitzroy, where house prices increased 1.09% to $618,000.
In the past decade house prices have grown more or less uniformly across Melbourne, with weakest-performing Essendon (house prices up 6.02%) not wildly divergent from best-performer Fitzroy (up 8.13%).
 
Click to enlarge
<a rel="shadowbox" href="/images/stories/residexmay72.gif" title="Click to enlarge"><img src="/images/stories/residexmay72thumb.gif"></a>
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House prices fell in all Melbourne regions in past year, with Essendon the worst performer: Residex

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The competition watchdog has contacted 2,500 building industry executives in the past few weeks, warning them of the potential consequences of engaging in price cartel behaviour.
Australian Competition and Consumer Commission chair Rod Sims revealed the move in a speech to the Competition Law Conference, saying many businesses are still unaware that price-fixing or agreeing to restrict supply constituted cartel activity.
Sims also warned the banks about price-signalling ahead of a change to the Competition and Consumer Act that outlaws such practices.
Sims was contacted this morning, but was unavailable to reply prior to publication.
The announcement surprised the building industry; with representatives of industry bodies contacted by SmartCompany this morning saying they were not aware the speech had been made.
However, Brian Welch, chief executive of Master Builders’ Association Victoria, says he has no knowledge of any cartel behaviour occurring in the past 15 years.
“I think if you look at the profit margins of these larger businesses, they’re really quite low, so this doesn’t necessarily smack of higher margins where you’d imagine cartels would be successful.”
“Obviously, we would certainly oppose such behaviour and we’d do anything to stop it.”
Sims said in the speech the organisation is currently investigating a number of important cartel operations, including some that could contain criminal conduct. However, he said the executives who had been contacted would be given a choice.
“We’ve written to 2,500 executives in the last few weeks - in the heavy construction and construction supply industries - providing a reminder about the potential sanctions for cartel conduct, and alerting them to our dedicated web pages.”
“We also provided the name of someone they can contact if they want to report their involvement in a cartel and apply for immunity.”
Sims said the letters were part of a move by the watchdog to raise awareness of cartels. However, no actual companies were named, and industry bodies suggest the organisation is keen to hit the top end of town, rather than smaller operators.
Sims also pointed to the organisation’s own research, which showed 58% of respondents don’t know that cartel conduct is a criminal offence.
“And, amazingly, although 42% of businesses were aware that cartel conduct is now a criminal offence, almost one in 10 of the survey respondents admitted they’d still be likely to join a cartel if the opportunity arose.”
“You will see further high-profile initiatives from the ACCC in this area.”
Sims also put the major banks on notice, saying that under new regulations it will be against the law to disclose prices to competitors in private when it’s not “in the ordinary course of business”.
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/index.php">SmartCompany</a>.
 
 
 
 
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pmcstafford-pr9eMARWoN

ACCC warns construction industry on cartel behaviour

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The Point Piper home of Ron Medich and his wife, Odetta, has been listed officially for sale.
The harbourfront property had previously been quietly listed for sale, having never been publicly marketed in print or internet.
It’s been listed through Bill Malouf at LJ Hooker Double Bay, in conjunction with Ken Jacobs at Christies Great Estates and price expectations are $40 million plus. This has been revised from February 2011's reported $55 million hopes.
The Australian architectural studio <a href="https://www.propertyobserver.com.au/residential/tasmanian-tigers-keep-watch-over-the-point-piper-harbourfront-mansion-of-the-much-accused-ron-medich/2011112852588" target="_blank">Katon Redgen Mathieson completed the Point Piper project in 2009</a> for Medich, who made a fortune with his brother developing industrial sites in Sydney’s west.
His estranged wife, Odetta, has been one of the country's most generous patrons of the arts.
Before his arrest in October over the 2009 murder of his business associate Michael McGurk, Ron Medich was living in splendour in the white house with point-blank images of the Opera House and Harbour Bridge.
Still on bail and wearing an electronic bracelet that monitors his movements, Medich's last known address was a two-storey, 128-square-metre apartment in a city high rise overlooking St Andrews Cathedral.
With his wife spending most of her time in Europe, the couple's Wolseley Road home was quietly listed for sale in February last year.
The David Katon-designed house replaced the house bought from the restaurateur Wolfie Pizem in 2003 for $15.1 million.
Pizem had bought the 780-square-metre property for $160,000 in 1978.
Agents had estimated the Medich home was worth close to $40 million in February 2011.
At the time one agent quipped that the Medichs' art collection was worth far more than the house. The artworks include poolside Tasmanian tiger sculptures by Caroline Rothwell. The internal walls of the four-storey house come with extensive artworks of mostly photographic works.
Despite all the ructions, there's been no alterations or caveats on the official title for the past three years.
The murder case against property tycoon Ron Medich was adjourned on May 8 as prosecutors wait to see if the NSW Attorney-General grants immunity to any of his co-accused.
Medich, 62, has been charged with the September 2009 murder of businessman Michael McGurk, who was killed by a single gunshot outside his Cremorne home on Sydney's lower north shore.
Medich, Lucky Gattellari, Senad Kaminic, Christopher Estephan and Haissam Safetli have been charged over the murder.
At Central Local Court the prosecution told Magistrate Julie Huber it was still waiting for Attorney-General Greg Smith to rule on whether one of the defendants could be indemnified against prosecution in exchange for his evidence.
The man was not named in court.
Medich was not present in court for the mention with Magistrate Huber standing the matter over until June 19.
 
 
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Ron Medich seeks $40 million plus for harbourfront Point Piper home

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The former Parramatta Eels chief executive Paul Osborne offloaded his Byron Bay property investment for $1.14 million at its weekend auction.
Highlighting the perils of quick sale turnarounds in already negative markets, the price reflected a 40% decline in 16 months.
His foray into the northern NSW town cost $1.9 million in January 2011, with the property having previously sold at $1,475,000 in 2007.
It failed to sell at its December 2011 auction, when Osborne had $1,499,000 hopes, and was subsequently listed at $1.395 million
It was last October when Osborne's stressed financial situation was made public by SMH investigative reporter Kate McClymont after leaks that the Kenthurst-based Osborne had borrowed money from the Parramatta chairman Roy Spagnolo.
The then chief executive was on a salary rumoured to be $270,000.
The Massinger Street, Byron Bay property sold through Ray White Byron Bay agent Brett Connable who had advised his extensive email list that the offering would be definitely sold at the weekend auction.
Set opposite the Top Shop Cafe in Massinger Street, it comes with ocean views to the north over Byron Bay. It has three upstairs bedrooms plus downstairs is a one-bedroom guest quarter.
Throughout April, some 18 properties were sold in the Greater Byron region with 30% through Ray White.
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Ex-Parramatta Eels chief Paul Osborne incurs 40% loss on Byron Bay investment

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Teralla, the occasional former Double Bay residence of embattled Gold Coast merchant banker Mark McIvor, the former managing director of Equititrust, has been listed by receivers.
Set on a 746-square-metre Cooper Street block, the four-bedroom Victorian house was bought by MM Capital Pty Ltd for $4.7 million in 2005. Laing+Simmons Double Bay agent Bart Doff could be expected to secure more than its last sale price given its renovation alone when offers close May 29. There was a huge crowd at Saturday's first open for inspection after the local paper gave it a big write-up.
Some were also taking a look at a nearby Cooper Street townhouse terrace development where sales of between $2.55 million and $3.05 million have been achieved since April last year through 1st City - Hasemer + Caldwell.Eyles in conjunction with David Newgrosh Real Estate.
Teralla has been vacated by tenants in recent times but has been furnished for its marketing campaign.
The Alex Popov-designed, <a target="_blank" href="https://www.propertyobserver.com.au/queensland/former-equititrust-boss-mark-mcivor-lists-popov-designed-gold-coast-home/2011081651176">Cronin Island Gold Coast home of McIvor and his wife, Stacey, sold to Fulton Transport boss Gary Fulton</a> earlier this year, with the official paperwork showing a $6.75 million price, which stumped seasoned Gold Coast property experts, who'd imagined something closer to its $ 4.4 million auction passed in highest offer.
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Receivers list Mark McIvor’s former Double Bay residence Teralla 

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The Newport home of Manly Sea Eagles co-captain Jamie Lyon is on the market with $1.15 million-plus hopes, with Jamie and wife Ellie off to Warriewood, where they are building a new home.
The couple hope to be in their new Sydney's northern beaches home before the start of the 2013 football season.
They paid $1.042 million in 2006 and have just finished a renovation on the four-bedroom, two-bathroom Crescent Road property with large open kitchen.
The Newport home will be auctioned on May 12 through Nik Vuko of Domain Residential. The couple tried to sell it for $1.1 million plus in late 2008.
 
 
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