<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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<img src="/images/stories/whitehousetree.jpg">
There's presumably only one home in the world that has 37 Christmas trees.
<img src="/images/stories/whitehousetree2.jpg">
Some 30 are real, with seven not so, including one highlighting recycling possibilities. They are in the public rooms of the White House. The main tree came from Colorado this year.
<img src="/images/stories/whitehousetree3.jpg">
It's been reported there were 37 million sales of fresh Christmas trees in the United States in 1991, which had fallen to 22 million in 2002.
<img src="/images/stories/whitehousetree4.jpg">
More up-to-date data isn't available, but the market share of artificial trees has reportedly increased by 655% between 1965 and 2008.
The issue of taxing the Christmas trees industry is something of a political sideshow at the moment as reported by a fresh talk blog on <a target="_blank" href="https://www.thepacker.com/opinion/fresh-produce-opinion/What-the-Christmas-tree-tax-means-for-produce-135321443">thepacker.com</a>.
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Christmas trees aplenty at the White House

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Imagine rolling, picturesque landscapes and a vibrant and diverse night life and you will catch a glimpse of life in Orange – a city with much to offer. Located approximately 260 kilometres west of Sydney, the City of Orange in New South Wales is a rapidly emerging investors’ hub for many reasons and has been named by many authority figures as the next hotspot to invest in for many reasons, where investors can expect fantastic returns when buying property in this city.
So let me spell out the reasons why.
The city is located to the north and west of Sydney – Mitchell Highway links Orange to Bathurst on the east and on the north-west to Molong, Wellington, Dubbo and Bourke. West of Orange is Parkes (100 kilometres) and Forbes (125 kilometres), which are situated along the Newell Highway running from Brisbane to Melbourne. The Northern Distributor road opened in 2007 as a bypass and the city is served by the Orange Airport, a regional airport.
Two railway stations serve Orange – the main station, served by the Countrylink XPT service (daily), has been open since 1877 and runs between Sydney and Dubbo. The Xplorer service runs weekly between Sydney and Broken Hill.
The smaller station – Orange East Fork – was opened in 1970 and is situated on the branch line to Broken Hill. Indian Pacific provides services two times per week to Perth.
Recently, Positive Real Estate sold five four-bedroom house-and-land packages in beautiful Orange, which promise fantastic rental yields ranging from 7% to 14%, depending upon furnished, unfurnished or serviced/furnished options, which also offered a positive tax cashflow in just one year. Needless to say, once these deals were released to our investors they were snapped up within an hour!
So what makes Orange so special?
Plenty. The city shows all the markers of a growing, robust economy. Orange boasts the lowest vacancy rates in all of New South Wales, and the massive private and government infrastructure spending will continue to drive growth in the region, increasing the potential for huge profits.
Orange is a metropolitan city in every sense of the word, however it has managed to maintain its idyllic persona without sacrificing the best that city living can offer. For example, annual events such as F.O.O.D. Week, which is organized by the local food and wine industries attracts thousands of individuals to the region. The event is popular and impressive enough to be featured in Australian Traveller Magazine's list of “100 Greatest Gourmet Experiences”.
Newcrest Mining's Cadia Hill gold and copper mine, located 40 kilometres to the south west of Orange City, is slated to receive $2 billion dollars' worth of expansion to its facilities. This mine is the largest producer of copper and gold in New South Wales and employs approximately 1,000 people directly and about the same indirectly, bringing $1 billion to the local economy and continued operation for at least 30 years.
Orange has more to offer than simply mining. With a diverse mix of employers, including education, agriculture, health, manufacturing as well as mining, the growth is not dependent upon any one industry.
Infrastructure spending is booming in Orange. For example, Bloomfield Hospital is spending $250 million towards construction of a new general hospital, two mental health facilities and upgrades to four buildings as well.
Other works include $30 million from the state government towards a 30-bed aged-care facility, $47 million for a water pipeline from the Macquarie River to aid Orange City's water supply issues, and $12 million towards 49 two- and three-bedroom unit apartment buildings.
Orange has nearly a dozen primary schools and two Catholic Diocesan Primary Schools, and a number of secondary schools as well. Orange has its own university campus, Charles Sturt University (formerly University of Sydney) which has a recently built dentistry school.
Head of campus professor Kevin Parton told Central Western Daily that as more of the university's projects (such as a proposed medical school) came into play the rental demand would necessarily rise as students search for good housing opportunities while attending university.
“There are some shrewd entrepreneurs in Orange,” Parton said. “They know that with supply so low they'll get a good return.”
Despite the university's ability to keep up with rental demand on campus, Parton said that many students seek out private rentals as they get older instead of living on campus.
“We know that we can't provide that [private accommodation] so they must go out into the private market,” said Parton. “Lots of businesses are expanding, businesses like Cadia, Kinross, Jeff Hort... all of us are putting pressure on the rental market. As a result of this pressure we would expect more construction by the private sector.”
With all of this pressure on the market, and an extremely limited supply, investors will continue to see strong returns for quite some time. According to API Databank Market Watch, the previous decade showed an annual price growth of 8.3%.
Experts believe that Orange City Council's prediction made in 2005 of a 50,000 population by 2020 may be proven a conservative one, due to the massive infrastructure development and commitments for future growth by various industries and government entities.
Blessed by a forward-thinking council, Orange City's well managed strategy to handle growth will continue to be a positive influence on investments in the region, and with massive spending by both private and governmental entities, investors are sure to see solid returns for quite some time.
We recommend that investors take a closer look at Orange. With a very tight rental market, and a booming economy, this city is certain to present fantastic rental yields and positive cashflow opportunities.
Sam Saggers is CEO of<a target="_blank" href="https://www.positiverealestate.com.au/ME2/Sites/Default.asp?SiteID=697F1E57F8A54C7F9582C3C49417EEC4"> Positive Real Estate.</a>
 
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NSW city of Orange offers opportunities for investors

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A two-year program to restore the plantations and orchards surrounding Sunshine Coast’s much-loved Big Pineapple kicks off today with the ploughing of pineapple fields and the replanting of pineapples plants. 
The 16-metre-high Big Pineapple, which perches on the coast side of the Bruce Highway at Nambour, was sold by receivers along with 165 hectares of orchards on 15 titles to a <a target="_blank" href="https://www.propertyobserver.com.au/queensland/big-pineapple-buyers-hope-to-add-juice-to-sunshine-coast-tourism-market/2011082551296">pineapple-friendly consortium called Big Pineapple Corp Pty for $5.8 million in August this year</a>. 
Since acquiring the icon, stage one of the restoration program has been completed, with Saturday produce markets attracting about to 3,000 people every weekend.
The restoration of the plantations and orchards are part of a major clean-up program aimed at reclaiming the 165-hectare site after years of neglect. 
It includes reopening the Pineapple itself, fixing the sugar cane train, which takes passengers on a tour of the plantation, and “developing the master-plan proper”. 
“The vision for The Big Pineapple is to re-establish it as a leading agri-tourism operation – which was its role originally. This will be delivered in a contemporary context, showcasing sustainable agriculture and production,” says The Big Pineapple general manager Paul Ziebarth. 
The Big Pineapple was officially opened by Queensland Minister for Labour and Tourism John Herbert on August 15, 1971 as a tourist location and working farm. 
It burnt down in 1978 but was rebuilt later that year. 
Previous owners have included Queensland Press Ltd, owned by Rupert Murdoch’s News Corp. 
Ziebarth says pineapple planting material from the original fields will be available for sale at the markets over the Christmas weekend. 
“The future of Australia’s favourite tourist icon, The Big Pineapple, gets sweeter and sweeter – tomorrow marks the official ploughing of the pineapple plantation fields and replanting of pineapples, signalling the beginning of a whole new growing era,” he says.
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Big Pineapple ploughing begins as plans bear fruit

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Designer furniture and homewares retailer Fiona Lyda, owner of Spence and Lyda in Surry Hills, has put a $1.75 million asking price on her Camperdown apartment.
Listed through Shannan Whitney and Matthew Carvalho of BresicWhitney Estate Agents, it comes with 180-degree city skyline views.
The renovated two-bedroom apartment, which last traded for $1,435,000 in 2009, is on the 14th level of Trio, a two-year-old building.
Lyda bought the 177-square-metre apartment on Stirling Circuit when the Trio building was approaching completion. There’s a self-contained retreat with second kitchen.
Now featuring bespoke interiors showcasing Lyda's designer flair, it comes with polished parquet floors and walls upholstered with Missoni fabric.
The 16-storey Luxe building shares facilities with six other buildings in the Frasers-built City Quarter precinct including two gyms, plus an indoor heated 20-metre pool and an outdoor 50-metre pool.
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Homewares retailer Fiona Lyda lists in Camperdown

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Institutional and retail investors have launched a class action against the GPT Group over allegations of misleading or deceptive conduct in relation to 2008 earnings forecasts. 
Proceedings on the behalf of the investors were filed by law firm Slater &amp; Gordon in the Federal Court of Australia last week after previous mediation efforts failed. 
The claim has been brought on behalf of those investors who acquired stapled securities between February 27, 2008 and July 6. 2008 and had executed litigation funding agreements with Comprehensive Legal Funding LLC (a US-based litigation funder) by December 7, 2008. 
The claim alleges that GPT engaged in misleading or deceptive conduct in relation to, and breached its continuous disclosure obligations following, the 2008 earnings and distribution guidance that accompanied the release of its 2007 Full Year Statutory Accounts. 
Specifically the action relates to the adequacy and timing of disclosures to the market about earnings forecasts made in February and May 2008, which were later significantly downgraded in July 2008.
Forecast operating income was downgraded 27% from $633 million to $464 million; distributions per share was downgraded 30% from 28.9¢ to 20.0¢; and earnings per security was downgraded from 29.4¢ to 21.2¢.
Slater &amp; Gordon Practice group leader Ben Phi said: “Representative proceedings have been commenced against GPT following a failed attempt to resolve the matter at mediation.” 
The class action dates back to October 23, 2008. 
Mediated discussions commenced in May 2010 but were unable to resolve the matter between the investors and GPT Group.
GPT Group says it intends to “vigorously defend the claim”.
 
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Institutional investors launch class action against GPT Group

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A 1,500-square-metre Victorian building in the Bathurst CBD with Westpac as its anchor tenant has been sold at auction for $2.125 million.
Westpac leases 80% of the property at 86 William Street, with the other tenancies being an office and four-bedroom residence upstairs, both of which are leased.
The sale price reflected a yield of 7.3% on income of $155,000.
The property was marketed by Charles Gonzalez from Burgess Rawson as part of a commercial property portfolio auction, which also included a <a href="https://www.propertyobserver.com.au/retail/high-yields-for-7-elevens-continue-to-attract-investors/2011120752720" target="_blank">Mount Druitt 7-Eleven service station that sold for over $4 million.</a>
Gonzalez describes the Bathurst property as a “substantial classic freehold building”.
Westpac has a 10-year lease on the building running from June 2009 with an option of a five-year renewal. The new owner is guaranteed 3% annual rent increases, with Westpac paying outgoings.
One of the two properties that did not sell at the December 6 auction was a Woolworths Caltex Service in Seven Hills offering annual income of $183,000. Negotiations are currently under way over the sale of this property.
An 830-square-metre strata floor on Broadway, Ultimo near the Sydney CBD offered as vacant possession also failed to sell despite some bidding.
 
 
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Westpac Bathurst site sold for $2.12 million

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ASIC has cancelled the credit licence of Melbourne-based Star Alliance Financial Services Pty Ltd (Star Alliance) and banned its director following an investigation that found he submitted a fraudulent credit licence application, among other offences. 
Prasanna Indrajith Wijesekara, of South Morang, Victoria was permanently banned from engaging in credit activities following concerns over his conduct as a mortgage broker in 2010 and certain statements made in his company’s credit licence application. The orders to permanently ban Wijesekara and cancel Star Alliance’s credit licence were made on the grounds that:
<ul>
<li>Star Alliance’s credit licence application was false in a material particular or materially misleading because it failed to state that the AMP Bank had cancelled Wijesekara accreditation as a broker on May 13 2010;</li>
<li>Wijesekara knew, or was reckless as to whether, an answer in Star Alliance’s credit licence application was false in a material particular or materially misleading;</li>
<li>ASIC had reason to believe that Wijesekara was not a fit and proper person to engage in credit activities on the basis that:</li>
<li>he submitted false or misleading information to ASIC; and</li>
<li>he provided falsified documents and false or misleading information to the AMP Bank in support of a loan application in 2010.</li>
</ul>
ASIC Commissioner Peter Kell said: ‘These outcomes demonstrate ASIC’s ongoing commitment to ensuring that only those who meet requisite standards of honesty and integrity are permitted to participate in the consumer credit industry.’ Wijesekara and Star Alliance have the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decisions.
The offices of Star Alliance are listed on the <a href="https://www.srilankadirectory.com.au/">www.srilankadirectory.com.au</a> as 1 Queens Road, Melbourne.
 
 
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ASIC bans Melbourne mortgage broker for life

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ASIC has suspended the Australian financial services licence of Gold Coast-based property fund manager Equititrust Limited for failing to comply with a number of key obligations as a licensee.
The company, which was founded by Mark McIvor, is the responsible entity of the Equititrust Income Fund (EIF) and the Equititrust Priority Class Income Fund (EPCIF), currently being wound up under orders from the Queensland Supreme Court. ASIC found that Equititrust has breached its legal obligations and licence conditions in that it failed to comply with its obligation to maintain at least $5 million net tangible assets; failed to prepare and lodge annual audited financial statements and to provide annual financial reports to members of EIF and EPCIF for the financial year ended 30 June 2011; and failed lodge compliance plan audits for EIF and EPCIF for the financial year ended June 30, 2011.
EIF is a registered managed investment scheme whose primary business is lending retail investors’ pooled funds for property development and taking mortgages over the property.
EPCIF is also a registered managed investment scheme which is now dormant. It offered investors the opportunity to “to take up the balance of bank’s first-ranking position in the Equititrust Income Fund”.
On November 21 the Supreme Court of Queensland ordered that these two funds be wound up, with David Whyte from BDO appointed as independent receiver.
The court also appointed Whyte as receiver of the property of both funds.
The winding down of the funds could take between three and five years to be complete.
Westpac is owed $24 million by Equititrust; NAB is owed $9.1 million, and the Bank of Queensland is also a major creditor.
Further trouble for Equititrust looms in a possible class action being prepared by Sydney-based law firm Piper Alderman on behalf of about 40 unit-holders, who have $30 million invested in the funds.
Equititrust has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
 
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ASIC suspends Equititrust's financial services licence 

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{yoogallery src=[images/stories/december19tennyson]}
A Mediterranean-style beach mansion with a private observatory is up for sale in Tennyson, the Adelaide beachside suburb.
The 1990-built house has unobstructed views over Gulf St Vincent, with the house backing directly onto sand dunes with a sandy footpath to the water.
It has five bedrooms, seven bathrooms to wash the seawater off, and a variety of entertaining rooms across its three stories. The observation tower has 360-degree views over the surroundings.
Lynette McMahon from Phil McMahon Real Estate is the agent for the house, which sits on a 972-square-metre block of land. McMahon is looking to sell for $2.9 million plus to $3,190,000. McMahon bills the house as being “reminiscent of the beachside mansions of California”.
It lasted traded at $2.3 million in 2005.
The most recent beachfront sales on Tennyson Heights Court have been $2.1 million in December 2010 and a $1.65 million sale in March 2011.
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Mediterranean beachfront mansion in Tennyson on the market

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As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011.
 
Foreign investors have spent a record $12 billion buying up Australian farmland and agricultural businesses over the past year, but have put off investing a further $14 billion until the outcome of a Senate inquiry in March 2012, a new report by Ferrier Hodgson says.
The purpose of the Senate inquiry is to determine whether the current foreign investment threshold of $231 million, the benchmark where transactions require the approval of Foreign Investment Review Board, should be adjusted since the vast majority of agribusiness transactions fall below this mark.
The inquiry kicked off in July and will make its findings know in March next year, having pushed back an earlier November 2011 deadline.
According to Ferriers, an argument against foreign investment on the basis of “food security” is hard to support.
“It is hard to imagine a day when Australia’s bountiful produce will be unable to meet domestic demand. Of signi?cant concern to the agribusiness sector are media reports suggesting that as much as $14 billion of potential foreign investment has been put on hold pending the outcome of the enquiry.”
“The delay or denial of that sort of investment would have a damaging impact on any industry. If nothing else, it has injected the sector with uncertainty about the future and clouded the outlook for many Australian agricultural businesses.
“As the emotive rhetoric surrounding the topic continues to ratchet up, we are waiting to see whether the Senate Committee’s report in March 2012 will suggest changes to the current national interest test and/or the current review limits for foreign investment.”
The influx of foreign funds has coincided in a turnaround in the fortunes of the sector over the past 12 months. <a href="https://www.propertyobserver.com.au/rural/a-land-registry-is-the-way-forward-in-the-foreign-ownership-debate/2011111052317" target="_blank">Some have called</a> for a <a href="https://www.propertyobserver.com.au/rural/time-to-fly-the-flag-for-rural-land-ownership-regulation/2011110952271" target="_blank">land registry of foreign investors</a>.
Ferrier Hodgson argues that foreign investment brings with it significant benefits including delivering “capital to a sector that sometimes struggles to ?nd funding from other sources”.
“This ?ows through the broader rural economy to provide regional spending and employment,” says Ferrier Hodgson.
In addition, foreign money also impacts on rural land values, “with the purchase prices offered by foreign investors providing a valuable exit strategy or succession plan for farmers looking to wind up their involvement in the sector”.
“At the same time, foreign investors can bring to regional communities foreign expertise and access to global markets. This is particularly valuable in the processing sector, where new markets and modern processes can breathe life into stagnant businesses that have failed to maintain pace with innovations in their speci?c niche.”
Significant foreign buyouts of the past 12 months have included CSR Sugar in NSW sold to Wilmar International of Singapore for $1.75 billion, wheat producer AWB sold to Agrium Inc of Canada for $1.2 billion, with its commodity business subsequently sold to US-based Cargill for $79 million, and 252,000 hectares of farmland in Victoria’s Western District sold to Canada’s Alberta Pension Fund for $415 million.
Thai sugar giant Mitr Pohl is currently seeking shareholder approval to <a target="_blank" href="https://www.propertyobserver.com.au/rural/thai-sugar-giant-mitr-pohl-seeks-to-take-over-125-year-old-queensland-sugar-company-msf-sugar/2011121252789">acquire north Queensland-based MSF Sugar, which dates back to 1886, for $313 million</a>. If successful, the Thai company will acquire more than 6,000 hectares of agricultural land, four sugar mills and other infrastructure assets.
Other Australian agribusiness acquired by offshore entities in the last 12 months:
<ul>
<li>Tully Sugar in Queensland sold to China Oil and Food for $136 million.</li>
<li>8,500 hectares of farm land in Victoria’s Western District sold to Hassad Foods of Qatar for $35 million.</li>
<li>Larundel Estate in Victoria sold to Chinese interests for $14 million.</li>
<li>The former Kyabram Dairy Research centre in Victoria sold to Chinese interests for $1.8 million.</li>
<li>A Chinese government-controlled mining entity purchased 43 farms near Gunnedah, New South  Wales, in relation to potential coal deposits, for an  unknown price.</li>
<li>Mount Falcon Station in New South Wales sold to Chinese interests for an unknown price .</li>
<li>Great Southern land group sold four Victorian  properties to Chinese interests for an unknown price.</li>
<li>AAco, Australia’s oldest continuously operating  company, sold 19.9% to an international conglomerate owned by Middle Eastern and Malaysian interests.</li>
</ul>
Foreign investment is nothing new to the Australian agribusiness sector as British, American, New Zealand and Japanese companies have held signi?cant investments for decades. It is not surprising that overseas entities recognise Australia as an attractive place to do business because it has:
? A stable economic and political system
? A reputation for high quality and safe production
? High productivity and well-developed managerial skills
? Close proximity to Asian markets
? A strong history of animal health (eg: no foot-and mouth disease)
? Counter-seasonal to the northern hemisphere
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