<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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Oakfield, the 1830s Mudgee district property with olive grove, has been listed for sale.
It last traded when bought by the Moon family for $2.1 million in 2007 from the former Westfield executives Ian Newton and Judy Hall.
The <a target="_blank" href="https://www.efarming.com.au/Classifieds/details/id/3674/title/oakfield-mudgee-nsw">40-hectare holding</a> is on Lue Road at Lawsons Creek, four kilometres east of Mudgee.
The restored colonial house, surrounded by English-style garden and herb patch, was part of a land grant in the early 1800s to Lieutenant William Lawson.
The homestead has high ceilings and polished timber floors in large rooms.
The property first sold in 1850 to Alexander Cox, remaining with the Cox family until 1965.
The grounds have a studio, a separate indoor pool, tennis court and a nine-hectare olive grove.
It once had a vineyard as it was among the properties held by Wyndham Estate wineries until sold in the late 1980s.
It’s been listed by Trent Robertson at the Mudgee agency Peter Druitt &amp; Co in conjunction with Webster Nolan agent David Nolan who are taking offers until April 5.
The gardens are complemented by sculptures by Tom Bass, the late father of horticulturalist Belinda Moon.
 
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jchancellor-FAypfDUnLy

Historic Mudgee district olive property Oakfield listed for sale

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One of Professor Leslie Wilkinson’s most prized Point Piper houses has been listed for sale by the retired shirt maker-cum-property developer Charles Scarf and his wife, Maria.
<img src="/images/stories/leswilkinson4.jpg">
The 1959 Wentworth Street property was the second-last of Wilkinson’s house designs.
<img src="/images/stories/leswilkinson.jpg">
The house (pictured above) was said to be loosely modelled on the Erechtheion, an Athens temple.
<img src="/images/stories/leswilkinson3.jpg">
It last traded when bought from the then low-profile expatriate businessman Richard Wiesener for $8.25 million – which was 1992's highest sale. The neighbouring property had been bought for $6.5 million for its tennis court in 1989, and it took the estate to 2,717 square metres. The original house reportedly cost $350,000 in the 1970s.
<img src="/images/stories/leswilkinson1.jpg">
The house itself has 677 square metres of internal space. It has been quietly on and off the market over several years, including during the boom years., and not advertised until this week’s Domain East spread by Ray White Double Bay Prestige agent Elliott Placks and Dan White from the newly formed White Private Investment &amp; Advisory.
<img src="/images/stories/pointpiper.jpg">
Offers exceeding $30 million and even reputedly closer to $40 million have been previously made for the large estate with tennis court. The last known offer came late last year from a client of Bill Bridges and Alison Coopes at around $30 million.
<img src="/images/stories/leswilkinson2.jpg">
It’s been modernised by architect Michael Suttor. Its home office in the former garage offers harbour views through to the Manly pensinsula.
<img src="/images/stories/wolesleyrd.jpg">
Point Piper’s other significant hillside offering is <a href="https://www.propertyobserver.com.au/residential/artists-patricia-piccinini-and-peter-hennessey-get-sweet-deal-selling-in-fitzroy-title-tattle/2011112552545" target="_blank">Villa del Mare, the home of recruitment queen Julia Ross</a>. The Wolseley Road offering (pictured above) was discreetly put on the market late last year, but now is having a big campaign. The trophy residence has $40 million-plus hopes through Ken Jacobs of Christie's Great Estates and LJ Hooker Double Bay's Bill Malouf. The limestone palazzo sits on a 1,508-square-metre block. The house was designed by architect Chris Tsioulos when built in the late 1990s by the developer Nati Stoliar. It’s almost certain to sell to Chinese buyers.
<a href="https://www.propertyobserver.com.au/residential/point-piper-on-the-chinese-tourist-route-for-insight-into-the-privileged-lives-of-communist-party-princelings/2011112852568" target="_blank">Another Leslie Wikinson is under threat of demolition</a>.
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Point Piper’s most prized Leslie Wilkinson home listed

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Sydney contractor Ganellen will start negotiations with clients, subcontractors and workers to take over 15 projects worth $50 million that were being managed by collapsed construction firm Kell &amp; Rigby.
Current Kell &amp; Rigby projects include Scots College in Sydney, facilities for Elgas and Sealy, and the new Apple store in Brisbane. 
<a href="https://www.propertyobserver.com.au/industry-news/construction-company-kell-rigby-stops-work-as-financial-talks-collapse/2012021053329" target="_blank">Kell &amp; Rigby collapsed last month</a> owing staff and creditors around $37.5 million.
News of the likely take-over of the Kell &amp; Rigby projects comes as the Construction, Forestry, Mining and Energy Union said that Reed Construction was also at risk of collapse, owing between $60?million and $80 million to more than 1,500 subcontractors.
The union warned its collapse would have a “devastating” impact on the construction industry in NSW.
Reed is working a number of major NSW projects including highway upgrades and the Law Courts building in Sydney.
Reed is currently in talks with NSW Finance Minister Greg Pearce after it advised that it was “facing financial difficulties”.
Ganellen’s current projects include apartments for Lend Lease, substations for Endeavour Energy and the Westmead Hospital car park for the NSW government.
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lschlesinger-FZcF9M3vE6

Ganellen to take on Kell & Rigby projects as Reed Construction also faces difficulties

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Portsea’s had its quietest summer selling season in recent memory. Few trophy listings, so even fewer actual sales.
From the officially known data, the highest publicly recorded sale was $2,375,000 on the golf course on Relph Avenue.
So summer’s done and dusted and Kay &amp; Burton Portsea agent Liz Jensen is now onto her Easter listings.
Dundonald, the five-bedroom, three-bathroom 1917 limestone residence opposite Fishermans Beach, has been with the Boykett  family since its construction.
Set on 1,724 square metres of level Point Nepean Road lawns, it’s only been recently refreshed.
More than $2.75 million is being sought.
Summer's shining moment was the delayed terms settlement in December of the landmark clifftop Ilyuka to John Higgins, who ran a family paint business in Brunswick before his windfall investment in Polish breweries.
Its sale - Victoria's record house sale - was officially recorded at $26 million after much speculation since its December 2010 exchange by the former Computershare director Michele O'Halloran.
The 1930s Spanish Mission house was marketed by Ross Savas and the veteran agent Gerald Delany, who has since departed Kay &amp; Burton, and despite much speculation has yet to take his open for inspection sign boards to any other agency.
Ilyuka, a sprawling house built for American oil tycoon Harry Cornforth in 1929-30, was marketed globally with a campaign that included a five-minute movie set in the mansion. O'Halloran bought the mansion in 1999 for $7.5 million and then secured $1.6 million for the 742-square-metre former vegie patch in a subsequent disposal.
 
 
 
 
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Portsea’s limestone charmer Dundonald on the market after quiet summer selling season

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Construction mogul Daniel Grollo has sold his Cape Schanck holiday house. Its sale price has not been disclosed, but the five-bedroom, four bathroom house, which offers sweeping views of Bass Strait, was listed pre-Christmas with $2 million-plus hopes.
Set on the doorstep of the exclusive National Golf Club, the house sits on 3,155 square metres.
It comes with three living areas, gourmet kitchen, wine cellar, theatre, bar, horizon pool and a double garage.
Kay &amp; Burton Flinders agent Andrew Hines had the listing.
Grollo bought the property for $2.45 million mid-2008 following several unsuccessful sales campaigns in which the house was quoted at prices from $2.7 million to $4 million.
It had been designed by Waterface Living Architecture for friends Dr Dick Merigan, a GP with a large practice in Rowville, and Paul Goss, owner of Modern Milk Supplies.
Entered via a monumental portico, it has polished spotted gum floors, floor-to-ceiling windows and an open fireplace. There's also a home theatre with built-in bar, a family room or gym with its own ensuite, swimming pool, wine cellar and double garage.
 
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Grocon boss Daniel Grollo sells Cape Schanck weekender: Title Tattle

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The New South Wales Labor opposition has taken the extraordinary step of claiming a construction business is on the brink of collapse, urging the government to step in and save the contractor from going under.
Opposition leader John Robertson has said in a statement that Reed Constructions is on the verge of collapse and 1500 jobs are at risk, even saying that contractors haven’t been paid in several weeks.
"Barry O'Farrell needs to intervene immediately to stop the loss of another 1500 construction jobs in NSW," Robertson said in a statement.
"These 1,500 subcontractors are working on NSW government-funded roads, schools and major civic buildings like the Supreme Court, but many of them haven't been paid in months."
In a statement this morning, Reed Constructions managing director Geoff Reed said the company was working out issues relating to payments carried out for Roads and Maritime Services, along with the Building the Education Revolution Program.
However, it said it would not make any other comment at this stage.
Robertson claimed in his statement that one contractor is owed about $280,000 for work completed on the Great Western Highway.
"This contractor has repeatedly tried to get in touch with the Minister for Roads and the department, but he's been told the government will not intervene," he said.
The Construction, Forestry, Mining and Energy Union also released a statement, saying the industry is in crisis and the government should do all it can to rescue Reed Construction, claiming between $60 million and $80 million is owed to 1,500 subcontractors.
According to Brian Parker from the CFMEU, Reed is waiting for a $10 million payment from the NSW government for work completed as far back as three years ago, The International Business Times reports.
Parker said the state government had the obligation to sit down with Reed and solve the problem to avert the possible loss of 10,000 jobs.
NSW Minister for Finance and Services Greg Pearce was reported in the IBT that the state government has been in discussions with Reed since the construction firm informed it of its situation.
“These small businesses are the lifeblood of the industry, employing thousands of workers in NSW,” Parker said in the statement.
“The collapse of the Kell &amp; Rigby Group and now possibly Reeds is devastating for the industry, devastating for the many people left without payment, and devastating for workers left without entitlements and employment, and also devastating in terms of confidence in the industry.”
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/index.php">SmartCompany.</a>
 
 
 
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pmcstafford-pr9eMARWoN

NSW opposition claims construction company on the brink of collapse

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Remote north Queensland mining towns dominate a list of the state’s top-performing suburbs in 2011, according to RP Data’s list of top 100 house price growth suburbs.
Reflecting the underperformance of the Queensland housing market in 2011, there are only 12 sunshine state locations on the list, with nine of these having strong ties to mining and natural resources activity.
All nine mining towns rank inside the top 50 with four inside the top 10 suburbs <a href="https://www.propertyobserver.com.au/queensland/hotspot-high-yields-and-price-growth-in-moranbah-but-best-time-to-buy-may-have-passed/2012022753563" target="_blank">led by top placed Moranbah</a> in the Isaac region coal belt as well as nearby Clermont, which ranked 22nd.
Moranbah is followed by a cluster of towns around Gladstone, the epicentre of $75 billion worth of liquefied natural gas, rail and port projects. These include New Auckland (third), Clinton (sixth) and West Gladstone (eighth).
Ray White Gladstone principal Andrew Allen says investors make up 60% of buyers in the region, with vacancies in 2011 below 1% despite a record number of dwellings approved by the council.
About 10,000 new workers are expected in Gladstone over the next 12 months, with mining companies building 4,000 accommodation units and the Queensland government developing about 1,000 blocks.
“Demand outweighs supply two to one,” Allen tells The Australian.
The mining outlier is Roma, 515 kilometres west of Brisbane in the Darling Downs, a town swept up in the coal seam gas (CSG) boom and the home of Origin Energy's Spring Gully Coal Seam Gas Development and the outer end point of the 434-kilometres Roma-to-Brisbane gas pipeline.
The three remaining locations are the Brisbane suburbs of Red Hill (17th), Indooroopilly (70th) and Coorparoo (77th).
Red Hill, just three kilometres from the Brisbane CBD, recorded impressive house price growth of 12% to a median house price of $705,000 and is the only one of the tree Brisbane suburbs to rank higher than some of the remote mining locations.
Queensland locations in the RP Data Top 100 
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="123">
Rank
</td>
<td valign="top" width="123">
Location
</td>
<td valign="top" width="123">
Median value in 2010
</td>
<td valign="top" width="123">
Median value in 2011
</td>
<td valign="top" width="123">
% change
</td>
</tr>
<tr>
<td valign="top" width="123">
1st
</td>
<td valign="top" width="123">
Moranbah
</td>
<td valign="top" width="123">
$474,000
</td>
<td valign="top" width="123">
$612,000
</td>
<td valign="top" width="123">
29%
</td>
</tr>
<tr>
<td valign="top" width="123">
3rd
</td>
<td valign="top" width="123">
New Auckland
</td>
<td valign="top" width="123">
$379,000
</td>
<td valign="top" width="123">
$459,000
</td>
<td valign="top" width="123">
21.2%
</td>
</tr>
<tr>
<td valign="top" width="123">
6th
</td>
<td valign="top" width="123">
Clinton
</td>
<td valign="top" width="123">
$385,000
</td>
<td valign="top" width="123">
$452,000
</td>
<td valign="top" width="123">
17.4%
</td>
</tr>
<tr>
<td valign="top" width="123">
8th
</td>
<td valign="top" width="123">
West Gladstone
</td>
<td valign="top" width="123">
$353,000
</td>
<td valign="top" width="123">
$412,000
</td>
<td valign="top" width="123">
16.7%
</td>
</tr>
<tr>
<td valign="top" width="123">
11th
</td>
<td valign="top" width="123">
Roma
</td>
<td valign="top" width="123">
$274,000
</td>
<td valign="top" width="123">
$317,000
</td>
<td valign="top" width="123">
15.7%
</td>
</tr>
<tr>
<td valign="top" width="123">
12th
</td>
<td valign="top" width="123">
Blackwater
</td>
<td valign="top" width="123">
$310,000
</td>
<td valign="top" width="123">
$357,000
</td>
<td valign="top" width="123">
14.9%
</td>
</tr>
<tr>
<td valign="top" width="123">
18th
</td>
<td valign="top" width="123">
Red Hill
</td>
<td valign="top" width="123">
$629,000
</td>
<td valign="top" width="123">
$705,000
</td>
<td valign="top" width="123">
12%
</td>
</tr>
<tr>
<td valign="top" width="123">
21st
</td>
<td valign="top" width="123">
Boyne Island
</td>
<td valign="top" width="123">
$421,000
</td>
<td valign="top" width="123">
$470,000
</td>
<td valign="top" width="123">
11.8%
</td>
</tr>
<tr>
<td valign="top" width="123">
22nd
</td>
<td valign="top" width="123">
Clermont
</td>
<td valign="top" width="123">
$317,000
</td>
<td valign="top" width="123">
$353,000
</td>
<td valign="top" width="123">
11.3%
</td>
</tr>
<tr>
<td valign="top" width="123">
35th
</td>
<td valign="top" width="123">
Emerald
</td>
<td valign="top" width="123">
$354,000
</td>
<td valign="top" width="123">
$385,000
</td>
<td valign="top" width="123">
8.6%
</td>
</tr>
<tr>
<td valign="top" width="123">
70th
</td>
<td valign="top" width="123">
Indooroopilly
</td>
<td valign="top" width="123">
$653,000
</td>
<td valign="top" width="123">
$692,000
</td>
<td valign="top" width="123">
6%
</td>
</tr>
<tr>
<td valign="top" width="123">
76th
</td>
<td valign="top" width="123">
Coorparoo
</td>
<td valign="top" width="123">
$602,000
</td>
<td valign="top" width="123">
$634,000
</td>
<td valign="top" width="123">
5.4%
</td>
</tr>
</tbody></table>
Source: RP Data
Photo courtsey of <a target="_blank" href="https://www.flickr.com/">Flickr.</a>
 
 
 
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Remote mining towns dominate RP Data’s list of Queensland top-performing housing markets

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ASIC has stripped Sydney finance broking firm Nova Home Loans Pty Limited (Nova) of its credit licence after it was expelled from membership of the Financial Ombudsman Service Limited, one of the two external dispute resolution (EDR) schemes approved by ASIC, in June 2011. 
“Nova failed to obtain membership of the other approved EDR scheme, Credit Ombudsman Service Limited, and when ASIC became aware of this, it took steps to cancel Nova’s credit licence,” said the regulator in a statement.
As a result Nova will no longer be able to engage in credit activities. 
Under the National Consumer Credit Protection Act 2009, credit licensees are required to be members of an ASIC-approved EDR scheme.  EDR schemes are independent and impartial dispute resolution services, which give consumers alternatives to legal proceedings for resolving complaints with their credit service providers.
“Membership of an EDR scheme is an important requirement for Australian credit licensees, and as the consumer credit regulator ASIC will not hesitate to act against those who fail to comply with their responsibilities,” says ASIC commissioner Peter Kell. 
On December 9 2010, Nova was granted a licence to engage in credit activities relating to credit contracts, consumer leases, related mortgages and guarantees, and credit services. Nova has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision. 
 
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Sydney finance broker Nova Home Loans stripped of credit licence

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Gold Coast developer Rod Lambert says he will defend himself against charges that he stalked Ray White Queensland chief executive Peter Camphin.
Lambert was arrested over the weekend by Queensland police and charged with stalking Camphin.
Lambert wrote on his website that “two armed detectives” had arrested him following complaints from Camphin “about texts and emails… yet allegations in fraud that add up to tens of millions are essentially ignored”. 
In a letter written to Queensland police minister Neil Roberts following the arrest, Lambert says he has not “laid eyes on [Camphin] for two years”.
Lambert says he also plans to launch a counter-claim against the Queensland police for intimidation.
Since May 2010 Lambert has run an online campaign calling for an investigation into Ray White Broadbeach real estate agent Michael Kollosche in relation to deals on Mermaid Beach.
Earlier in February, Lambert sent a letter to Queensland Police Minister Neil Roberts (a copy of which is posted on his website) accusing Ray White chairman Brian White and Camphin in being complicit in alleged “multi-million dollar property fraud on Mermaid Beach”.
In a statement following Lambert’s arrest Brian White confirmed that he had “commenced legal steps to stop the conduct of Gold Coast ex-agent and property developer David Rodwell Lambert, who has waged a relentless campaign to discredit the Ray White brand for more than two years”.
“Mr Lambert’s original complaint over a commercial transaction in 2008 has been the subject of investigations by the appropriate authorities, i.e., the Queensland Police Service and the Office of Fair Trading,” says White. 
“Ray White has actively participated in and cooperated with these investigations in order to have the matter properly resolved. Additionally, Ray White has also thoroughly investigated the complaints made.” 
White says he is awaiting the conclusion of these investigations so that the company may take any appropriate action.
“We have consciously refrained from taking any action until the proper authorities make their decisions known,” he says. 
“However, Mr Lambert has continually criticised Ray White for failing to take action, on the basis that his complaints are to be accepted as the truth regardless of the findings of the police and the Office of Fair Trading.” 
White says it has come to the point “where we cannot allow Mr Lambert to continue his actions unchallenged. 
“We have always stated we would welcome Mr Lambert bringing his complaint to court, but he has continually refused to commence proceedings. Instead, he has attempted to bring pressure on the Ray White network via the media and most recently, through a campaign of cyber terrorism.” 
A letter sent to Lambert by law firm Corrs Chambers Westgarth on behalf of Ray White asks that he notify the firm in writing by 5pm on February 29 that he will shut his website down and give an undertaking not to publish any further material about Ray White.
In January the Queensland Office of Fair Trading confirmed to Property Observer that it continued to investigate of an elaborate price-fixing scam on Mermaid Beach.
Lambert, who personally lost millions on a redevelopment of flats on Albatross Avenue, claims prices in Mermaid Beach had been inflated by “a handful of sophisticated investors using an elaborate scheme involving ‘put and call options’” – a legal way of buying a house then reselling it before settlement.
In October last year former Queensland housing minister Robert Schwarten made a speech in the Queensland Parliament where he accused Kollosche of being involved in dodgy deals on Hedges Avenue in Mermaid Beach.
“Clearly, Mr Kollosche’s association needs to be aired. I hope that this is done by Ray White to clean its good name on the Gold Coast,” reads the Hansard record of Schwarten’s speech.
Kollosche strongly denies any allegations of wrongdoing made against him.
Lambert says he has engaged legal firm Hopgood Ganim to investigate a class action against Ray White “based on the numerous submissions to the website about systemic and misleading training practices”.
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Mermaid Beach campaigner Rod Lambert arrested for stalking Ray White Queensland boss

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The merchant bankers’ Mosman merry-go-round is still somewhat in motion despite the global financial crisis aftershocks.
Nigel Smyth, an executive director at Macquarie, and his wife, Diane, have upgraded from Clifton Gardens to Balmoral’s golden mile and its premium Sydney Head views, but pocketed $1.7 million in the process.
They have spent $4.8 million on a five-bedroom, three-bathroom Hopetoun Avenue house initially listed with $6 million hopes in early 2011 and more recently at $5.2 million through LJ Hooker Mosman agent Geoff Smith. The contemporary-style house built in 1994 comes with pool, four-car garaging and a 1,500-bottle temperature-controlled cellar.
{yoogallery src=[images/stories/august22kardinia]}
The Smyths sold at Clifton Gardens in Mosman for $6.5 million. The five-bedroom Kardinia Road property (pictured above), which sold through Richardson &amp; Wrench Mosman agent Richard Simeon, sits on an 823-square-metre block. It had views across the harbour to Rose Bay and Point Piper.
It was bought for $5.12 million in 2005.
Trading up in the 2088 postcode has been <a target="_blank" href="https://www.propertyobserver.com.au/residential/mandalong-house-listing-set-to-test-mosman-market-after-banking-bonuses-dry-up/2012022753564">less frequent in recent years following the global financial crisis.</a>
The suburb’s latest <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/former-st-george-boss-lists-alex-popov-designed-mosman-house/2012022753586">listing by the former boss of St George Bank</a> comes with $10 million hopes.
 
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